CANBK
Canara Bank
Max pain for CANBK
12 Nov 2024 04:10 PM IST
Max Pain for CANBK is 105
Strike 80 has a total call value of 0 versus a total put value of 178,409,250,000 Combined total value = 178,409,250,000
Strike 81 has a total call value of 0 versus a total put value of 170,126,325,000 Combined total value = 170,126,325,000
Strike 82 has a total call value of 0 versus a total put value of 161,843,400,000 Combined total value = 161,843,400,000
Strike 83 has a total call value of 0 versus a total put value of 153,560,475,000 Combined total value = 153,560,475,000
Strike 84 has a total call value of 0 versus a total put value of 145,277,550,000 Combined total value = 145,277,550,000
Strike 85 has a total call value of 0 versus a total put value of 136,994,625,000 Combined total value = 136,994,625,000
Strike 86 has a total call value of 0 versus a total put value of 128,935,125,000 Combined total value = 128,935,125,000
Strike 87 has a total call value of 0 versus a total put value of 120,875,625,000 Combined total value = 120,875,625,000
Strike 88 has a total call value of 0 versus a total put value of 112,816,125,000 Combined total value = 112,816,125,000
Strike 89 has a total call value of 0 versus a total put value of 104,827,500,000 Combined total value = 104,827,500,000
Strike 90 has a total call value of 0 versus a total put value of 96,849,000,000 Combined total value = 96,849,000,000
Strike 91 has a total call value of 70,200,000 versus a total put value of 89,478,675,000 Combined total value = 89,548,875,000
Strike 92 has a total call value of 140,400,000 versus a total put value of 82,151,550,000 Combined total value = 82,291,950,000
Strike 93 has a total call value of 224,100,000 versus a total put value of 74,927,025,000 Combined total value = 75,151,125,000
Strike 94 has a total call value of 314,550,000 versus a total put value of 67,795,650,000 Combined total value = 68,110,200,000
Strike 95 has a total call value of 405,000,000 versus a total put value of 60,771,600,000 Combined total value = 61,176,600,000
Strike 96 has a total call value of 712,800,000 versus a total put value of 54,556,200,000 Combined total value = 55,269,000,000
Strike 97 has a total call value of 1,092,150,000 versus a total put value of 48,434,625,000 Combined total value = 49,526,775,000
Strike 98 has a total call value of 1,532,250,000 versus a total put value of 42,475,050,000 Combined total value = 44,007,300,000
Strike 99 has a total call value of 2,081,025,000 versus a total put value of 36,697,725,000 Combined total value = 38,778,750,000
Strike 100 has a total call value of 2,689,875,000 versus a total put value of 31,047,975,000 Combined total value = 33,737,850,000
Strike 101 has a total call value of 3,937,950,000 versus a total put value of 27,197,775,000 Combined total value = 31,135,725,000
Strike 102 has a total call value of 5,446,575,000 versus a total put value of 23,652,675,000 Combined total value = 29,099,250,000
Strike 103 has a total call value of 7,270,425,000 versus a total put value of 20,461,275,000 Combined total value = 27,731,700,000
Strike 104 has a total call value of 9,459,450,000 versus a total put value of 17,533,125,000 Combined total value = 26,992,575,000
Strike 105 has a total call value of 12,046,050,000 versus a total put value of 14,786,550,000 Combined total value = 26,832,600,000
Strike 106 has a total call value of 16,372,800,000 versus a total put value of 12,754,800,000 Combined total value = 29,127,600,000
Strike 107 has a total call value of 21,030,300,000 versus a total put value of 10,839,825,000 Combined total value = 31,870,125,000
Strike 108 has a total call value of 26,142,075,000 versus a total put value of 9,034,875,000 Combined total value = 35,176,950,000
Strike 109 has a total call value of 31,842,450,000 versus a total put value of 7,518,825,000 Combined total value = 39,361,275,000
Strike 110 has a total call value of 37,685,925,000 versus a total put value of 6,070,950,000 Combined total value = 43,756,875,000
Strike 111 has a total call value of 45,798,750,000 versus a total put value of 5,244,075,000 Combined total value = 51,042,825,000
Strike 112 has a total call value of 53,999,325,000 versus a total put value of 4,447,575,000 Combined total value = 58,446,900,000
Strike 113 has a total call value of 62,362,575,000 versus a total put value of 3,682,800,000 Combined total value = 66,045,375,000
Strike 114 has a total call value of 70,833,825,000 versus a total put value of 2,936,925,000 Combined total value = 73,770,750,000
Strike 115 has a total call value of 79,372,575,000 versus a total put value of 2,207,250,000 Combined total value = 81,579,825,000
Strike 116 has a total call value of 88,699,050,000 versus a total put value of 1,818,450,000 Combined total value = 90,517,500,000
Strike 117 has a total call value of 98,060,625,000 versus a total put value of 1,429,650,000 Combined total value = 99,490,275,000
Strike 118 has a total call value of 107,484,300,000 versus a total put value of 1,040,850,000 Combined total value = 108,525,150,000
Strike 119 has a total call value of 116,948,475,000 versus a total put value of 652,050,000 Combined total value = 117,600,525,000
Strike 120 has a total call value of 126,439,650,000 versus a total put value of 263,250,000 Combined total value = 126,702,900,000
Strike 121 has a total call value of 136,871,100,000 versus a total put value of 236,925,000 Combined total value = 137,108,025,000
Strike 122 has a total call value of 147,302,550,000 versus a total put value of 210,600,000 Combined total value = 147,513,150,000
Strike 123 has a total call value of 157,843,350,000 versus a total put value of 184,275,000 Combined total value = 158,027,625,000
Strike 124 has a total call value of 168,384,150,000 versus a total put value of 157,950,000 Combined total value = 168,542,100,000
Strike 125 has a total call value of 178,936,425,000 versus a total put value of 131,625,000 Combined total value = 179,068,050,000
Strike 126 has a total call value of 189,696,600,000 versus a total put value of 105,300,000 Combined total value = 189,801,900,000
Strike 127 has a total call value of 200,456,775,000 versus a total put value of 78,975,000 Combined total value = 200,535,750,000
Strike 128 has a total call value of 211,216,950,000 versus a total put value of 52,650,000 Combined total value = 211,269,600,000
Strike 129 has a total call value of 221,977,125,000 versus a total put value of 26,325,000 Combined total value = 222,003,450,000
Strike 130 has a total call value of 232,737,300,000 versus a total put value of 0 Combined total value = 232,737,300,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.
