CESC
Cesc Ltd
Max pain for CESC
24 Apr 2025 11:13 AM IST
Max Pain for CESC is 157.5
Strike 145 has a total call value of 0 versus a total put value of 2,106,000,000 Combined total value = 2,106,000,000
Strike 147.5 has a total call value of 16,087,500 versus a total put value of 1,687,725,000 Combined total value = 1,703,812,500
Strike 150 has a total call value of 32,175,000 versus a total put value of 1,269,450,000 Combined total value = 1,301,625,000
Strike 152.5 has a total call value of 48,262,500 versus a total put value of 851,175,000 Combined total value = 899,437,500
Strike 155 has a total call value of 111,150,000 versus a total put value of 432,900,000 Combined total value = 544,050,000
Strike 157.5 has a total call value of 268,368,750 versus a total put value of 168,918,750 Combined total value = 437,287,500
Strike 160 has a total call value of 476,775,000 versus a total put value of 0 Combined total value = 476,775,000
Strike 162.5 has a total call value of 1,210,950,000 versus a total put value of 0 Combined total value = 1,210,950,000
Strike 165 has a total call value of 2,233,237,500 versus a total put value of 0 Combined total value = 2,233,237,500
Strike 167.5 has a total call value of 3,763,743,750 versus a total put value of 0 Combined total value = 3,763,743,750
Strike 170 has a total call value of 5,335,931,250 versus a total put value of 0 Combined total value = 5,335,931,250
Strike 172.5 has a total call value of 7,029,506,250 versus a total put value of 0 Combined total value = 7,029,506,250
Strike 175 has a total call value of 8,723,081,250 versus a total put value of 0 Combined total value = 8,723,081,250
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 440.5 | 405 |
| ABB | 5693 | 5500 |
| ABCAPITAL | 204.18 | 190 |
| ABFRL | 272.45 | 270 |
| ACC | 2090.6 | 2040 |
| ADANIENSOL | 950.5 | 880 |
| ADANIENT | 2451.8 | 2400 |
| ADANIGREEN | 956.75 | 940 |
| ADANIPORTS | 1243 | 1200 |
| ALKEM | 5191.9 | 5050 |
| AMBUJACEM | 573.35 | 580 |
| ANGELONE | 2524.6 | 2300 |
| APLAPOLLO | 1627.6 | 1560 |
| APOLLOHOSP | 7136.5 | 6700 |
| APOLLOTYRE | 457.7 | 440 |
| ASHOKLEY | 230.28 | 217.5 |
| ASIANPAINT | 2476.1 | 2380 |
| ASTRAL | 1393 | 1340 |
| ATGL | 626 | 600 |
| AUBANK | 674.4 | 605 |
| AUROPHARMA | 1263.8 | 1160 |
| AXISBANK | 1212.5 | 1110 |
| BAJAJ-AUTO | 8251.5 | 8100 |
| BAJAJFINSV | 2093.2 | 1980 |
| BAJFINANCE | 9313 | 9000 |
| BALKRISIND | 2576.8 | 2480 |
| BANDHANBNK | 171.17 | 160 |
| BANKBARODA | 253.4 | 240 |
| BANKINDIA | 118.09 | 115 |
| BEL | 304.8 | 295 |
| BERGEPAINT | 585.75 | 560 |
| BHARATFORG | 1115 | 1080 |
| BHARTIARTL | 1857.7 | 1780 |
| BHEL | 230.1 | 220 |
| BIOCON | 328.35 | 335 |
| BOSCHLTD | 28215 | 28000 |
| BPCL | 301.8 | 290 |
| BRITANNIA | 5482.3 | 5200 |
| BSE | 6510.5 | 5800 |
| BSOFT | 399.35 | 390 |
| CAMS | 4080.2 | 3800 |
| CANBK | 99.55 | 96 |
| CDSL | 1372 | 1240 |
| CESC | 159.24 | 157.5 |
| CGPOWER | 652.3 | 620 |
| CHAMBLFERT | 692.3 | 640 |
| CHOLAFIN | 1549 | 1560 |
| CIPLA | 1547.6 | 1500 |
| COALINDIA | 399.3 | 400 |
| COFORGE | 7413.5 | 7000 |
| COLPAL | 2688.6 | 2560 |
| CONCOR | 710.65 | 700 |
| CROMPTON | 340.5 | 350 |
| CUMMINSIND | 2922.2 | 3000 |
| CYIENT | 1258.3 | 1220 |
| DABUR | 489.3 | 480 |
| DALBHARAT | 1959.1 | 1880 |
| DEEPAKNTR | 2022 | 1980 |
| DELHIVERY | 298.15 | 270 |
| DIVISLAB | 6235 | 5850 |
| DIXON | 16544 | 15000 |
| DLF | 682.9 | 670 |
| DMART | 4500 | 4200 |
| DRREDDY | 1198.2 | 1160 |
| EICHERMOT | 5702 | 5550 |
| ESCORTS | 3405.1 | 3300 |
| ETERNAL | 240.46 | 220 |
| EXIDEIND | 383.75 | 375 |
| FEDERALBNK | 202.87 | 195 |
| GAIL | 193.03 | 185 |
| GLENMARK | 1432.2 | 1420 |
| GMRAIRPORT | 88.46 | 82 |
| GODREJCP | 1233.2 | 1200 |
| GODREJPROP | 2148.9 | 2100 |
| GOLDM | 95706 | 95000 |
| GRANULES | 485.85 | 460 |
| GRASIM | 2713.5 | 2600 |
| HAL | 4327 | 4200 |
| HAVELLS | 1598.5 | 1600 |
| HCLTECH | 1592 | 1500 |
| HDFCAMC | 4586.8 | 4300 |
| HDFCBANK | 1917.5 | 1840 |
| HDFCLIFE | 712.9 | 695 |
| HEROMOTOCO | 3942.8 | 3800 |
| HFCL | 85.72 | 82.5 |
| HINDALCO | 628.5 | 630 |
| HINDCOPPER | 225.16 | 220 |
| HINDPETRO | 388.65 | 370 |
| HINDUNILVR | 2335 | 2300 |
| HINDZINC | 461.25 | 440 |
| HUDCO | 231.29 | 220 |
| ICICIBANK | 1409.7 | 1350 |
| ICICIGI | 1874.9 | 1800 |
| ICICIPRULI | 604 | 590 |
| IDEA | 8 | 7 |
| IDFCFIRSTB | 68.01 | 63 |
| IEX | 192.23 | 185 |
| IGL | 186.03 | 182.5 |
| IIFL | 377.1 | 340 |
| INDHOTEL | 814.75 | 820 |
| INDIANB | 576 | 560 |
| INDIGO | 5512 | 5300 |
| INDUSINDBK | 835.3 | 750 |
| INDUSTOWER | 403.4 | 375 |
| INFY | 1478.8 | 1460 |
| INOXWIND | 179.51 | 160 |
| IOC | 138.31 | 135 |
| IRB | 48.85 | 46 |
| IRCTC | 779.5 | 740 |
| IREDA | 180.19 | 160 |
| IRFC | 135.31 | 127.5 |
| ITC | 433.2 | 415 |
| JINDALSTEL | 912.5 | 900 |
| JIOFIN | 259.4 | 240 |
| JSL | 573 | 590 |
| JSWENERGY | 508.5 | 510 |
| JSWSTEEL | 1033.8 | 1020 |
| JUBLFOOD | 708.9 | 690 |
| KALYANKJIL | 532.1 | 510 |
| KEI | 2988.9 | 2800 |
| KOTAKBANK | 2228.3 | 2140 |
| KPITTECH | 1223.7 | 1180 |
| LAURUSLABS | 654.55 | 620 |
| LICHSGFIN | 615.45 | 580 |
| LICI | 819 | 800 |
| LODHA | 1314.1 | 1200 |
| LT | 3288.7 | 3300 |
| LTF | 180.45 | 160 |
| LTIM | 4524.2 | 4350 |
| LUPIN | 2121.8 | 2020 |
| M&M | 2883 | 2700 |
| M&MFIN | 270.85 | 270 |
| MANAPPURAM | 228.98 | 230 |
| MARICO | 707.45 | 690 |
| MARUTI | 11947 | 11700 |
| MAXHEALTH | 1109.2 | 1100 |
| MCX | 6265 | 5700 |
| MFSL | 1238.9 | 1220 |
| MGL | 1337 | 1300 |
| MOTHERSON | 137.11 | 130 |
| MPHASIS | 2514 | 2320 |
| MRF | 128165 | 123000 |
| MUTHOOTFIN | 2180 | 2200 |
| NATIONALUM | 163.59 | 165 |
| NAUKRI | 7100 | 6700 |
| NBCC | 99.99 | 95 |
| NCC | 220 | 215 |
| NESTLEIND | 2469.5 | 2300 |
| NHPC | 89.93 | 85 |
| NMDC | 68.92 | 67.7 |
| NTPC | 364.5 | 360 |
| NYKAA | 195.02 | 180 |
| OBEROIRLTY | 1688.4 | 1600 |
| OFSS | 8745 | 8000 |
| OIL | 400.9 | 380 |
| ONGC | 250 | 242.5 |
| PAGEIND | 45460 | 44000 |
| PATANJALI | 1915.7 | 1920 |
| PAYTM | 898.5 | 840 |
| PEL | 1019.55 | 1000 |
| PERSISTENT | 5253 | 5000 |
| PETRONET | 308 | 305 |
| PFC | 434.25 | 420 |
| PHOENIXLTD | 1664.3 | 1650 |
| PIDILITIND | 3066.3 | 2960 |
| PIIND | 3632 | 3500 |
| PNB | 103.1 | 100 |
| PNBHOUSING | 1002.15 | 960 |
| POLICYBZR | 1655.7 | 1600 |
| POLYCAB | 5587 | 5400 |
| POONAWALLA | 401.35 | 365 |
| POWERGRID | 314.7 | 300 |
| PRESTIGE | 1295.4 | 1220 |
| RAMCOCEM | 988.05 | 930 |
| RBLBANK | 196.23 | 182.5 |
| RECLTD | 441.3 | 430 |
| RELIANCE | 1295.2 | 1260 |
| SAIL | 117.25 | 115 |
| SBICARD | 916.65 | 880 |
| SBILIFE | 1624.1 | 1560 |
| SBIN | 816 | 790 |
| SHREECEM | 30325 | 30750 |
| SHRIRAMFIN | 699.5 | 680 |
| SIEMENS | 2890 | 2800 |
| SILVER | 97662 | 96000 |
| SJVN | 100.95 | 95 |
| SOLARINDS | 13039 | 12000 |
| SONACOMS | 472.1 | 460 |
| SRF | 3016 | 2900 |
| SUNPHARMA | 1795.4 | 1740 |
| SUPREMEIND | 3480 | 3500 |
| SYNGENE | 677.6 | 730 |
| TATACHEM | 871.45 | 850 |
| TATACOMM | 1606.1 | 1600 |
| TATACONSUM | 1130.6 | 1080 |
| TATAELXSI | 5884.5 | 5300 |
| TATAMOTORS | 667 | 640 |
| TATAPOWER | 397.55 | 385 |
| TATASTEEL | 141.3 | 140 |
| TATATECH | 722.5 | 660 |
| TCS | 3408.9 | 3360 |
| TECHM | 1446.2 | 1380 |
| TIINDIA | 2660.1 | 2600 |
| TITAGARH | 817.25 | 780 |
| TITAN | 3369 | 3180 |
| TORNTPHARM | 3339 | 3250 |
| TORNTPOWER | 1606.8 | 1600 |
| TRENT | 5303.5 | 5200 |
| TVSMOTOR | 2779 | 2600 |
| ULTRACEMCO | 12000 | 11600 |
| UNIONBANK | 128.38 | 127 |
| UNITDSPR | 1590.4 | 1480 |
| UPL | 680.9 | 660 |
| VBL | 542.8 | 540 |
| VEDL | 427.2 | 420 |
| VOLTAS | 1285.9 | 1320 |
| WIPRO | 244.15 | 245 |
| YESBANK | 18.52 | 17 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 885.1 | 880 |
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.
