CESC
Cesc Ltd
Max pain for CESC
17 Feb 2025 04:14 PM IST
Max Pain for CESC is 130
Strike 100 has a total call value of 0 versus a total put value of 9,991,800,000 Combined total value = 9,991,800,000
Strike 105 has a total call value of 0 versus a total put value of 7,972,087,500 Combined total value = 7,972,087,500
Strike 110 has a total call value of 0 versus a total put value of 5,952,375,000 Combined total value = 5,952,375,000
Strike 115 has a total call value of 0 versus a total put value of 4,191,525,000 Combined total value = 4,191,525,000
Strike 115.5 has a total call value of 0 versus a total put value of 4,029,041,250 Combined total value = 4,029,041,250
Strike 120 has a total call value of 0 versus a total put value of 2,566,687,500 Combined total value = 2,566,687,500
Strike 125 has a total call value of 146,250,000 versus a total put value of 1,398,150,000 Combined total value = 1,544,400,000
Strike 125.5 has a total call value of 206,358,750 versus a total put value of 1,323,708,750 Combined total value = 1,530,067,500
Strike 130 has a total call value of 747,337,500 versus a total put value of 653,737,500 Combined total value = 1,401,075,000
Strike 130.5 has a total call value of 886,421,250 versus a total put value of 614,835,000 Combined total value = 1,501,256,250
Strike 135 has a total call value of 2,138,175,000 versus a total put value of 264,712,500 Combined total value = 2,402,887,500
Strike 135.5 has a total call value of 2,350,383,750 versus a total put value of 252,427,500 Combined total value = 2,602,811,250
Strike 140 has a total call value of 4,260,262,500 versus a total put value of 141,862,500 Combined total value = 4,402,125,000
Strike 140.5 has a total call value of 4,561,245,000 versus a total put value of 129,577,500 Combined total value = 4,690,822,500
Strike 145 has a total call value of 7,360,908,750 versus a total put value of 19,012,500 Combined total value = 7,379,921,250
Strike 145.5 has a total call value of 7,767,630,000 versus a total put value of 17,111,250 Combined total value = 7,784,741,250
Strike 150 has a total call value of 11,492,617,500 versus a total put value of 0 Combined total value = 11,492,617,500
Strike 150.5 has a total call value of 11,972,463,750 versus a total put value of 0 Combined total value = 11,972,463,750
Strike 155 has a total call value of 16,358,208,750 versus a total put value of 0 Combined total value = 16,358,208,750
Strike 155.5 has a total call value of 16,870,961,250 versus a total put value of 0 Combined total value = 16,870,961,250
Strike 160 has a total call value of 21,548,913,750 versus a total put value of 0 Combined total value = 21,548,913,750
Strike 160.5 has a total call value of 22,226,051,250 versus a total put value of 0 Combined total value = 22,226,051,250
Strike 165 has a total call value of 28,422,956,250 versus a total put value of 0 Combined total value = 28,422,956,250
Strike 165.5 has a total call value of 29,111,501,250 versus a total put value of 0 Combined total value = 29,111,501,250
Strike 170 has a total call value of 35,308,406,250 versus a total put value of 0 Combined total value = 35,308,406,250
Strike 170.5 has a total call value of 35,996,951,250 versus a total put value of 0 Combined total value = 35,996,951,250
Strike 175 has a total call value of 42,200,437,500 versus a total put value of 0 Combined total value = 42,200,437,500
Strike 175.5 has a total call value of 42,889,713,750 versus a total put value of 0 Combined total value = 42,889,713,750
Strike 180 has a total call value of 49,093,200,000 versus a total put value of 0 Combined total value = 49,093,200,000
Strike 180.5 has a total call value of 49,782,476,250 versus a total put value of 0 Combined total value = 49,782,476,250
Strike 185 has a total call value of 55,985,962,500 versus a total put value of 0 Combined total value = 55,985,962,500
Strike 185.5 has a total call value of 56,675,238,750 versus a total put value of 0 Combined total value = 56,675,238,750
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 418.3 | 440 |
| ABB | 5241.9 | 5400 |
| ABBOTINDIA | 28569.5 | 28000 |
| ABCAPITAL | 153.97 | 170 |
| ABFRL | 255.55 | 265 |
| ACC | 1911.5 | 2040 |
| ADANIENSOL | 702 | 740 |
| ADANIENT | 2223.7 | 2340 |
| ADANIGREEN | 890.35 | 900 |
| ADANIPORTS | 1082.9 | 1100 |
| ALKEM | 4794.3 | 4800 |
| AMBUJACEM | 488.3 | 505 |
| ANGELONE | 2211.6 | 2300 |
| APLAPOLLO | 1333.75 | 1440 |
| APOLLOHOSP | 6300.2 | 6400 |
| APOLLOTYRE | 416.3 | 420 |
| ASHOKLEY | 223.61 | 217.5 |
| ASIANPAINT | 2250.85 | 2280 |
| ASTRAL | 1384.5 | 1440 |
| ATGL | 574.45 | 600 |
| ATUL | 5402.85 | 5600 |
| AUBANK | 522.05 | 550 |
| AUROPHARMA | 1169.6 | 1180 |
| AXISBANK | 992.95 | 1000 |
| BAJAJ-AUTO | 8537.15 | 8800 |
| BAJAJFINSV | 1894.85 | 1820 |
| BAJFINANCE | 8426.6 | 8200 |
| BALKRISIND | 2670.55 | 2700 |
| BANDHANBNK | 132.82 | 150 |
| BANKBARODA | 206.96 | 220 |
| BANKINDIA | 99.03 | 100 |
| BATAINDIA | 1296.3 | 1340 |
| BEL | 248.5 | 265 |
| BERGEPAINT | 483.7 | 480 |
| BHARATFORG | 1082.65 | 1100 |
| BHARTIARTL | 1675.55 | 1680 |
| BHEL | 193.47 | 200 |
| BIOCON | 347.55 | 360 |
| BOSCHLTD | 26911.25 | 29000 |
| BPCL | 252.3 | 260 |
| BRITANNIA | 4963.7 | 4950 |
| BSE | 5208.7 | 5300 |
| BSOFT | 477.5 | 500 |
| CAMS | 3381.8 | 3500 |
| CANBK | 85.09 | 91 |
| CANFINHOME | 608.85 | 640 |
| CDSL | 1206.95 | 1240 |
| CESC | 125.92 | 130 |
| CGPOWER | 583 | 590 |
| CHAMBLFERT | 542.8 | 530 |
| CHOLAFIN | 1356.95 | 1340 |
| CIPLA | 1474.65 | 1460 |
| COALINDIA | 360.1 | 375 |
| COFORGE | 7683.95 | 8100 |
| COLPAL | 2462.4 | 2560 |
| CONCOR | 703.35 | 740 |
| COROMANDEL | 1707.55 | 1800 |
| CROMPTON | 332.6 | 345 |
| CUB | 160.85 | 165 |
| CUMMINSIND | 2721.45 | 2800 |
| CYIENT | 1439.3 | 1420 |
| DABUR | 520.55 | 530 |
| DALBHARAT | 1808.15 | 1820 |
| DEEPAKNTR | 1898.5 | 2000 |
| DELHIVERY | 267.35 | 280 |
| DIVISLAB | 5923.75 | 5950 |
| DIXON | 14199.5 | 14500 |
| DLF | 674.75 | 700 |
| DMART | 3621.5 | 3750 |
| DRREDDY | 1198.95 | 1200 |
| EICHERMOT | 4745.2 | 4950 |
| ESCORTS | 2972.15 | 3150 |
| EXIDEIND | 361.8 | 375 |
| FEDERALBNK | 181.54 | 185 |
| GAIL | 160.17 | 166 |
| GLENMARK | 1373.8 | 1380 |
| GMRAIRPORT | 70.26 | 73 |
| GMRINFRA | 0 | 76 |
| GNFC | 557.1 | 560 |
| GODREJCP | 1039.25 | 1070 |
| GODREJPROP | 1974.05 | 2100 |
| GRANULES | 522.25 | 540 |
| GRASIM | 2463.85 | 2500 |
| GUJGASLTD | 391.45 | 415 |
| HAL | 3475.7 | 3650 |
| HAVELLS | 1532.55 | 1560 |
| HCLTECH | 1709.9 | 1720 |
| HDFCAMC | 3730.55 | 3800 |
| HDFCBANK | 1717.35 | 1700 |
| HDFCLIFE | 623.25 | 630 |
| HEROMOTOCO | 3876.45 | 4050 |
| HFCL | 87.03 | 95 |
| HINDALCO | 610.85 | 600 |
| HINDCOPPER | 215.33 | 235 |
| HINDPETRO | 318.1 | 330 |
| HINDUNILVR | 2329.4 | 2380 |
| HUDCO | 183.21 | 195 |
| ICICIBANK | 1251.15 | 1250 |
| ICICIGI | 1725.05 | 1800 |
| ICICIPRULI | 575.2 | 600 |
| IDEA | 8.27 | 9 |
| IDFCFIRSTB | 61.5 | 62 |
| IEX | 167.21 | 172.5 |
| IGL | 190.25 | 195 |
| INDHOTEL | 721.65 | 750 |
| INDIAMART | 2102.4 | 2120 |
| INDIANB | 517.55 | 530 |
| INDIGO | 4303 | 4300 |
| INDUSINDBK | 1048.25 | 1040 |
| INDUSTOWER | 339.3 | 355 |
| INFY | 1842.3 | 1880 |
| IOC | 118.45 | 125 |
| IPCALAB | 1476.75 | 1480 |
| IRB | 47.7 | 49 |
| IRCTC | 725.45 | 760 |
| IRFC | 121.78 | 130 |
| ITC | 408.6 | 420 |
| JINDALSTEL | 837.65 | 840 |
| JIOFIN | 222.45 | 235 |
| JKCEMENT | 4637.9 | 4800 |
| JSL | 590.3 | 610 |
| JSWENERGY | 431.5 | 460 |
| JSWSTEEL | 973.55 | 960 |
| JUBLFOOD | 681.65 | 680 |
| KALYANKJIL | 507.05 | 500 |
| KEI | 3447.25 | 3500 |
| KOTAKBANK | 1945.3 | 1920 |
| KPITTECH | 1310.4 | 1400 |
| LALPATHLAB | 2629.5 | 2800 |
| LAURUSLABS | 555.5 | 580 |
| LICHSGFIN | 538.5 | 570 |
| LICI | 765.15 | 800 |
| LODHA | 1167.8 | 1200 |
| LT | 3221.85 | 3350 |
| LTF | 136.04 | 145 |
| LTIM | 5472.6 | 5700 |
| LTTS | 4816.9 | 5100 |
| LUPIN | 2026.95 | 2040 |
| M&M | 2831.95 | 2950 |
| M&MFIN | 276.85 | 280 |
| MANAPPURAM | 193.29 | 195 |
| MARICO | 624.75 | 640 |
| MARUTI | 12762.9 | 12700 |
| MAXHEALTH | 1014.65 | 1020 |
| MCX | 5550.5 | 5700 |
| METROPOLIS | 1680.35 | 1740 |
| MFSL | 1065.65 | 1100 |
| MGL | 1277.4 | 1320 |
| MOTHERSON | 124.79 | 130 |
| MPHASIS | 2591.35 | 2700 |
| MRF | 109984 | 110000 |
| MUTHOOTFIN | 2243.9 | 2260 |
| NATIONALUM | 180.74 | 186 |
| NAUKRI | 7338.9 | 7700 |
| NAVINFLUOR | 4108.1 | 4100 |
| NBCC | 82.02 | 85 |
| NCC | 190.8 | 200 |
| NESTLEIND | 2216.5 | 2220 |
| NHPC | 73.21 | 74 |
| NMDC | 62.56 | 65 |
| NTPC | 302.35 | 310 |
| NYKAA | 173.49 | 170 |
| OBEROIRLTY | 1590.25 | 1620 |
| OFSS | 8797.15 | 9000 |
| OIL | 400.55 | 410 |
| ONGC | 233.65 | 240 |
| PAGEIND | 40921.4 | 43000 |
| PAYTM | 733 | 740 |
| PEL | 926.05 | 1000 |
| PERSISTENT | 5531.3 | 5800 |
| PETRONET | 284.9 | 295 |
| PFC | 372.35 | 400 |
| PHOENIXLTD | 1545.05 | 1600 |
| PIDILITIND | 2781.7 | 2860 |
| PIIND | 3118.6 | 3300 |
| PNB | 93.18 | 97 |
| POLICYBZR | 1494.35 | 1600 |
| POLYCAB | 5414.2 | 5600 |
| POONAWALLA | 285.3 | 300 |
| POWERGRID | 263.2 | 265 |
| PRESTIGE | 1240.4 | 1300 |
| PVRINOX | 1006.55 | 1060 |
| RAMCOCEM | 860.75 | 880 |
| RBLBANK | 155.8 | 162.5 |
| RECLTD | 389.1 | 420 |
| RELIANCE | 1224.9 | 1250 |
| SAIL | 105.33 | 107.5 |
| SBICARD | 853.1 | 840 |
| SBILIFE | 1476.2 | 1460 |
| SBIN | 727.7 | 750 |
| SHREECEM | 28309.15 | 28000 |
| SHRIRAMFIN | 550.35 | 550 |
| SIEMENS | 4859.3 | 5100 |
| SJVN | 88.62 | 90 |
| SOLARINDS | 8619.35 | 9000 |
| SONACOMS | 487.3 | 510 |
| SRF | 2747.8 | 2800 |
| SUNPHARMA | 1714.2 | 1720 |
| SUNTV | 585.3 | 600 |
| SUPREMEIND | 3627.8 | 3800 |
| SYNGENE | 700.9 | 730 |
| TATACHEM | 854.5 | 920 |
| TATACOMM | 1507.45 | 1600 |
| TATACONSUM | 1023.25 | 1020 |
| TATAELXSI | 6146.85 | 6200 |
| TATAMOTORS | 686.6 | 700 |
| TATAPOWER | 337.2 | 360 |
| TATASTEEL | 134.29 | 135 |
| TCS | 3904.5 | 4000 |
| TECHM | 1664.95 | 1680 |
| TIINDIA | 2603.6 | 2750 |
| TITAN | 3233.2 | 3300 |
| TORNTPHARM | 3078 | 3100 |
| TORNTPOWER | 1239.35 | 1300 |
| TRENT | 5096.45 | 5300 |
| TVSMOTOR | 2365.7 | 2500 |
| UBL | 2028.15 | 2040 |
| ULTRACEMCO | 11490.1 | 11400 |
| UNIONBANK | 109.01 | 110 |
| UNITDSPR | 1349.7 | 1400 |
| UPL | 632.2 | 610 |
| VBL | 474.55 | 510 |
| VEDL | 415.15 | 430 |
| VOLTAS | 1241.6 | 1300 |
| WIPRO | 305.35 | 307.5 |
| YESBANK | 17.66 | 19 |
| ZOMATO | 218.53 | 220 |
| ZYDUSLIFE | 923.9 | 950 |
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.
