CESC
Cesc Ltd
Max pain for CESC
12 Dec 2024 10:14 AM IST
Max Pain for CESC is 195
Strike 170 has a total call value of 0 versus a total put value of 8,223,637,500 Combined total value = 8,223,637,500
Strike 172.5 has a total call value of 0 versus a total put value of 6,960,768,750 Combined total value = 6,960,768,750
Strike 175 has a total call value of 0 versus a total put value of 5,697,900,000 Combined total value = 5,697,900,000
Strike 177.5 has a total call value of 0 versus a total put value of 4,644,168,750 Combined total value = 4,644,168,750
Strike 180 has a total call value of 0 versus a total put value of 3,590,437,500 Combined total value = 3,590,437,500
Strike 182.5 has a total call value of 0 versus a total put value of 2,889,168,750 Combined total value = 2,889,168,750
Strike 185 has a total call value of 0 versus a total put value of 2,187,900,000 Combined total value = 2,187,900,000
Strike 187.5 has a total call value of 116,268,750 versus a total put value of 1,627,762,500 Combined total value = 1,744,031,250
Strike 190 has a total call value of 232,537,500 versus a total put value of 1,067,625,000 Combined total value = 1,300,162,500
Strike 192.5 has a total call value of 439,481,250 versus a total put value of 682,256,250 Combined total value = 1,121,737,500
Strike 195 has a total call value of 667,631,250 versus a total put value of 340,762,500 Combined total value = 1,008,393,750
Strike 197.5 has a total call value of 1,066,162,500 versus a total put value of 170,381,250 Combined total value = 1,236,543,750
Strike 200 has a total call value of 1,542,937,500 versus a total put value of 0 Combined total value = 1,542,937,500
Strike 202.5 has a total call value of 3,186,787,500 versus a total put value of 0 Combined total value = 3,186,787,500
Strike 205 has a total call value of 4,893,525,000 versus a total put value of 0 Combined total value = 4,893,525,000
Strike 207.5 has a total call value of 6,892,031,250 versus a total put value of 0 Combined total value = 6,892,031,250
Strike 210 has a total call value of 8,965,125,000 versus a total put value of 0 Combined total value = 8,965,125,000
Strike 212.5 has a total call value of 11,509,875,000 versus a total put value of 0 Combined total value = 11,509,875,000
Strike 215 has a total call value of 14,214,768,750 versus a total put value of 0 Combined total value = 14,214,768,750
Strike 217.5 has a total call value of 17,103,937,500 versus a total put value of 0 Combined total value = 17,103,937,500
Strike 220 has a total call value of 20,008,462,500 versus a total put value of 0 Combined total value = 20,008,462,500
Strike 222.5 has a total call value of 22,992,693,750 versus a total put value of 0 Combined total value = 22,992,693,750
Strike 225 has a total call value of 25,976,925,000 versus a total put value of 0 Combined total value = 25,976,925,000
Strike 227.5 has a total call value of 28,961,156,250 versus a total put value of 0 Combined total value = 28,961,156,250
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 443.3 | 450 |
| ABB | 7701 | 7600 |
| ABBOTINDIA | 28819.9 | 28000 |
| ABCAPITAL | 200.28 | 200 |
| ABFRL | 305.7 | 310 |
| ACC | 2235.8 | 2260 |
| ADANIENSOL | 789.6 | 800 |
| ADANIENT | 2454.2 | 2500 |
| ADANIGREEN | 1130.95 | 1200 |
| ADANIPORTS | 1232.3 | 1240 |
| ALKEM | 5456.5 | 5500 |
| AMBUJACEM | 571.7 | 570 |
| ANGELONE | 3427.3 | 3300 |
| APLAPOLLO | 1599.75 | 1580 |
| APOLLOHOSP | 7245.5 | 7200 |
| APOLLOTYRE | 542.35 | 530 |
| ASHOKLEY | 230.25 | 230 |
| ASIANPAINT | 2396.3 | 2440 |
| ASTRAL | 1848.15 | 1860 |
| ATGL | 714.65 | 720 |
| ATUL | 7307.1 | 7400 |
| AUBANK | 594.85 | 590 |
| AUROPHARMA | 1223.75 | 1240 |
| AXISBANK | 1150.35 | 1160 |
| BAJAJ-AUTO | 9022.05 | 9100 |
| BAJAJFINSV | 1682.65 | 1660 |
| BAJFINANCE | 7123.75 | 7000 |
| BALKRISIND | 2804 | 2800 |
| BANDHANBNK | 172.83 | 175 |
| BANKBARODA | 258.87 | 260 |
| BANKINDIA | 113.37 | 115 |
| BATAINDIA | 1431.95 | 1440 |
| BEL | 315.75 | 310 |
| BERGEPAINT | 470.85 | 480 |
| BHARATFORG | 1365.05 | 1360 |
| BHARTIARTL | 1592.25 | 1600 |
| BHEL | 249.15 | 250 |
| BIOCON | 363.5 | 370 |
| BOSCHLTD | 36028.75 | 35500 |
| BPCL | 305.15 | 300 |
| BRITANNIA | 4902 | 4900 |
| BSE | 5670 | 5300 |
| BSOFT | 623.15 | 600 |
| CAMS | 5319.45 | 5200 |
| CANBK | 107.83 | 108 |
| CANFINHOME | 814.95 | 820 |
| CDSL | 1947.65 | 1840 |
| CESC | 191.61 | 195 |
| CGPOWER | 782.3 | 770 |
| CHAMBLFERT | 528.6 | 530 |
| CHOLAFIN | 1350.15 | 1320 |
| CIPLA | 1447.6 | 1480 |
| COALINDIA | 411.35 | 420 |
| COFORGE | 9280 | 8900 |
| COLPAL | 2853.9 | 2900 |
| CONCOR | 835.5 | 840 |
| COROMANDEL | 1777.9 | 1780 |
| CROMPTON | 410.8 | 410 |
| CUB | 184.81 | 185 |
| CUMMINSIND | 3636.55 | 3500 |
| CYIENT | 2094.55 | 2000 |
| DABUR | 508.25 | 510 |
| DALBHARAT | 1956.65 | 1900 |
| DEEPAKNTR | 2694.5 | 2700 |
| DELHIVERY | 379.45 | 370 |
| DIVISLAB | 5981.05 | 6000 |
| DIXON | 17765 | 17000 |
| DLF | 865 | 850 |
| DMART | 3708.15 | 3700 |
| DRREDDY | 1233.05 | 1220 |
| EICHERMOT | 4785.25 | 4850 |
| ESCORTS | 3464.8 | 3500 |
| EXIDEIND | 468.25 | 460 |
| FEDERALBNK | 215.09 | 215 |
| GAIL | 205.75 | 207.5 |
| GLENMARK | 1530.6 | 1540 |
| GMRINFRA | 0 | 36 |
| GNFC | 618.25 | 630 |
| GODREJCP | 1123.15 | 1140 |
| GODREJPROP | 2867.75 | 2900 |
| GRANULES | 591.7 | 580 |
| GRASIM | 2649 | 2640 |
| GUJGASLTD | 511.4 | 510 |
| HAL | 4717.9 | 4600 |
| HAVELLS | 1747.3 | 1740 |
| HCLTECH | 1947.1 | 1900 |
| HDFCAMC | 4567 | 4400 |
| HDFCBANK | 1859.7 | 1820 |
| HDFCLIFE | 631.8 | 640 |
| HEROMOTOCO | 4592 | 4700 |
| HFCL | 126.95 | 130 |
| HINDALCO | 669.5 | 670 |
| HINDCOPPER | 290.2 | 290 |
| HINDPETRO | 407.85 | 395 |
| HINDUNILVR | 2385.15 | 2420 |
| HUDCO | 246.95 | 245 |
| ICICIBANK | 1336.25 | 1320 |
| ICICIGI | 1940.3 | 1940 |
| ICICIPRULI | 690.85 | 690 |
| IDEA | 7.95 | 8 |
| IDFCFIRSTB | 64.77 | 65 |
| IEX | 189.2 | 185 |
| IGL | 387.95 | 360 |
| INDHOTEL | 839.55 | 820 |
| INDIAMART | 2385.8 | 2400 |
| INDIANB | 577.95 | 590 |
| INDIGO | 4422.3 | 4450 |
| INDUSINDBK | 991 | 1000 |
| INDUSTOWER | 355.05 | 360 |
| INFY | 1995.3 | 1940 |
| IOC | 141.88 | 140 |
| IPCALAB | 1564.1 | 1520 |
| IRB | 58.4 | 59 |
| IRCTC | 847.05 | 840 |
| IRFC | 163.57 | 160 |
| ITC | 463.6 | 470 |
| JINDALSTEL | 988.1 | 980 |
| JIOFIN | 342 | 340 |
| JKCEMENT | 4636.1 | 4600 |
| JSL | 748.45 | 700 |
| JSWENERGY | 674.5 | 660 |
| JSWSTEEL | 993.4 | 1000 |
| JUBLFOOD | 684.45 | 680 |
| KALYANKJIL | 773.95 | 750 |
| KEI | 4540 | 4400 |
| KOTAKBANK | 1785.5 | 1800 |
| KPITTECH | 1547.9 | 1500 |
| LALPATHLAB | 3120.25 | 3100 |
| LAURUSLABS | 567 | 570 |
| LICHSGFIN | 633 | 630 |
| LICI | 938.3 | 950 |
| LODHA | 1420.55 | 1340 |
| LT | 3882.65 | 3800 |
| LTF | 148.95 | 147.5 |
| LTIM | 6727.8 | 6500 |
| LTTS | 5427.75 | 5400 |
| LUPIN | 2146.75 | 2100 |
| M&M | 3077.15 | 3000 |
| M&MFIN | 280.2 | 280 |
| MANAPPURAM | 179.94 | 165 |
| MARICO | 641.45 | 630 |
| MARUTI | 11186.6 | 11200 |
| MAXHEALTH | 1166.55 | 1100 |
| MCX | 6773.75 | 6600 |
| METROPOLIS | 2211.15 | 2200 |
| MFSL | 1125.25 | 1160 |
| MGL | 1290.05 | 1280 |
| MOTHERSON | 166.15 | 165 |
| MPHASIS | 3219.7 | 3100 |
| MRF | 132260.6 | 132000 |
| MUTHOOTFIN | 2086.2 | 2020 |
| NATIONALUM | 245.75 | 247.5 |
| NAUKRI | 8766.4 | 8500 |
| NAVINFLUOR | 3590 | 3600 |
| NCC | 305.15 | 310 |
| NESTLEIND | 2231.1 | 2260 |
| NHPC | 86.35 | 85 |
| NMDC | 240.63 | 240 |
| NTPC | 362.1 | 365 |
| NYKAA | 170.61 | 170 |
| OBEROIRLTY | 2129.05 | 2100 |
| OFSS | 12220 | 12250 |
| OIL | 469.55 | 470 |
| ONGC | 256.2 | 259 |
| PAGEIND | 47024.65 | 46500 |
| PAYTM | 963.95 | 960 |
| PEL | 1261.1 | 1220 |
| PERSISTENT | 6472.8 | 6300 |
| PETRONET | 345.7 | 340 |
| PFC | 510.6 | 500 |
| PIDILITIND | 3166.4 | 3200 |
| PIIND | 4018.25 | 4100 |
| PNB | 108.09 | 109 |
| POLICYBZR | 2177.6 | 2000 |
| POLYCAB | 7411.95 | 7300 |
| POONAWALLA | 363.7 | 360 |
| POWERGRID | 327.2 | 330 |
| PRESTIGE | 1748.85 | 1700 |
| PVRINOX | 1467.5 | 1540 |
| RAMCOCEM | 998.1 | 1010 |
| RBLBANK | 177.39 | 155 |
| RECLTD | 570.75 | 550 |
| RELIANCE | 1272.1 | 1300 |
| SAIL | 126.3 | 125 |
| SBICARD | 733.75 | 720 |
| SBILIFE | 1438.15 | 1440 |
| SBIN | 857.8 | 850 |
| SHREECEM | 27279.95 | 27000 |
| SHRIRAMFIN | 3230.1 | 3200 |
| SIEMENS | 7899 | 7700 |
| SJVN | 119.24 | 120 |
| SONACOMS | 634.4 | 650 |
| SRF | 2319.75 | 2300 |
| SUNPHARMA | 1810.15 | 1800 |
| SUNTV | 736.75 | 750 |
| SUPREMEIND | 4865.8 | 4900 |
| SYNGENE | 890.1 | 900 |
| TATACHEM | 1109.05 | 1120 |
| TATACOMM | 1856 | 1820 |
| TATACONSUM | 922 | 940 |
| TATAELXSI | 7383.25 | 7300 |
| TATAMOTORS | 791.6 | 800 |
| TATAPOWER | 431.3 | 435 |
| TATASTEEL | 149.56 | 150 |
| TCS | 4475.9 | 4400 |
| TECHM | 1798.9 | 1760 |
| TIINDIA | 3667.5 | 3600 |
| TITAN | 3437.35 | 3400 |
| TORNTPHARM | 3364.95 | 3350 |
| TRENT | 7072.4 | 6900 |
| TVSMOTOR | 2509.9 | 2500 |
| UBL | 1979.35 | 1960 |
| ULTRACEMCO | 11860.2 | 11900 |
| UNIONBANK | 128.64 | 128 |
| UNITDSPR | 1516 | 1520 |
| UPL | 547 | 550 |
| VBL | 640 | 640 |
| VEDL | 524.2 | 500 |
| VOLTAS | 1793.95 | 1760 |
| WIPRO | 312.55 | 300 |
| YESBANK | 21.42 | 21 |
| ZOMATO | 292.45 | 280 |
| ZYDUSLIFE | 980 | 980 |
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.
