COALINDIA
Coal India Ltd
Max pain for COALINDIA
21 Nov 2024 02:13 PM IST
Max Pain for COALINDIA is 425
Strike 354.25 has a total call value of 0 versus a total put value of 114,427,818,750 Combined total value = 114,427,818,750
Strike 355 has a total call value of 0 versus a total put value of 113,234,047,500 Combined total value = 113,234,047,500
Strike 359.25 has a total call value of 0 versus a total put value of 106,469,343,750 Combined total value = 106,469,343,750
Strike 360 has a total call value of 0 versus a total put value of 105,275,572,500 Combined total value = 105,275,572,500
Strike 364.25 has a total call value of 0 versus a total put value of 98,513,100,000 Combined total value = 98,513,100,000
Strike 365 has a total call value of 0 versus a total put value of 97,326,022,500 Combined total value = 97,326,022,500
Strike 369.25 has a total call value of 0 versus a total put value of 90,599,250,000 Combined total value = 90,599,250,000
Strike 370 has a total call value of 0 versus a total put value of 89,428,080,000 Combined total value = 89,428,080,000
Strike 374.25 has a total call value of 0 versus a total put value of 82,791,450,000 Combined total value = 82,791,450,000
Strike 375 has a total call value of 0 versus a total put value of 81,649,023,750 Combined total value = 81,649,023,750
Strike 379.25 has a total call value of 0 versus a total put value of 75,194,017,500 Combined total value = 75,194,017,500
Strike 380 has a total call value of 0 versus a total put value of 74,061,356,250 Combined total value = 74,061,356,250
Strike 384.25 has a total call value of 0 versus a total put value of 67,722,821,250 Combined total value = 67,722,821,250
Strike 385 has a total call value of 2,835,000 versus a total put value of 66,654,420,000 Combined total value = 66,657,255,000
Strike 389.25 has a total call value of 18,900,000 versus a total put value of 60,641,647,500 Combined total value = 60,660,547,500
Strike 390 has a total call value of 23,546,250 versus a total put value of 59,589,862,500 Combined total value = 59,613,408,750
Strike 394.25 has a total call value of 55,230,000 versus a total put value of 53,767,192,500 Combined total value = 53,822,422,500
Strike 395 has a total call value of 63,892,500 versus a total put value of 52,758,168,750 Combined total value = 52,822,061,250
Strike 399.25 has a total call value of 127,706,250 versus a total put value of 47,122,477,500 Combined total value = 47,250,183,750
Strike 400 has a total call value of 142,275,000 versus a total put value of 46,149,363,750 Combined total value = 46,291,638,750
Strike 404.25 has a total call value of 298,908,750 versus a total put value of 41,070,146,250 Combined total value = 41,369,055,000
Strike 405 has a total call value of 338,835,000 versus a total put value of 40,224,922,500 Combined total value = 40,563,757,500
Strike 409.25 has a total call value of 687,802,500 versus a total put value of 35,657,107,500 Combined total value = 36,344,910,000
Strike 410 has a total call value of 766,631,250 versus a total put value of 34,868,111,250 Combined total value = 35,634,742,500
Strike 414.25 has a total call value of 1,584,607,500 versus a total put value of 31,059,813,750 Combined total value = 32,644,421,250
Strike 415 has a total call value of 1,769,906,250 versus a total put value of 30,426,900,000 Combined total value = 32,196,806,250
Strike 419.25 has a total call value of 3,158,190,000 versus a total put value of 26,934,547,500 Combined total value = 30,092,737,500
Strike 420 has a total call value of 3,444,997,500 versus a total put value of 26,346,521,250 Combined total value = 29,791,518,750
Strike 424.25 has a total call value of 5,594,137,500 versus a total put value of 23,158,065,000 Combined total value = 28,752,202,500
Strike 425 has a total call value of 6,073,803,750 versus a total put value of 22,637,370,000 Combined total value = 28,711,173,750
Strike 429.25 has a total call value of 9,200,231,250 versus a total put value of 19,764,412,500 Combined total value = 28,964,643,750
Strike 430 has a total call value of 9,802,353,750 versus a total put value of 19,280,808,750 Combined total value = 29,083,162,500
Strike 434.25 has a total call value of 14,192,561,250 versus a total put value of 16,627,406,250 Combined total value = 30,819,967,500
Strike 435 has a total call value of 15,069,442,500 versus a total put value of 16,231,136,250 Combined total value = 31,300,578,750
Strike 439.25 has a total call value of 20,847,933,750 versus a total put value of 14,030,677,500 Combined total value = 34,878,611,250
Strike 440 has a total call value of 21,958,860,000 versus a total put value of 13,663,230,000 Combined total value = 35,622,090,000
Strike 444.25 has a total call value of 28,705,713,750 versus a total put value of 11,624,760,000 Combined total value = 40,330,473,750
Strike 445 has a total call value of 30,038,793,750 versus a total put value of 11,314,642,500 Combined total value = 41,353,436,250
Strike 449.25 has a total call value of 37,847,722,500 versus a total put value of 9,557,310,000 Combined total value = 47,405,032,500
Strike 450 has a total call value of 39,384,843,750 versus a total put value of 9,260,895,000 Combined total value = 48,645,738,750
Strike 454.25 has a total call value of 48,321,000,000 versus a total put value of 7,581,210,000 Combined total value = 55,902,210,000
Strike 455 has a total call value of 50,020,188,750 versus a total put value of 7,329,367,500 Combined total value = 57,349,556,250
Strike 459.25 has a total call value of 59,727,465,000 versus a total put value of 5,902,260,000 Combined total value = 65,629,725,000
Strike 460 has a total call value of 61,494,536,250 versus a total put value of 5,650,417,500 Combined total value = 67,144,953,750
Strike 464.25 has a total call value of 71,603,883,750 versus a total put value of 4,230,450,000 Combined total value = 75,834,333,750
Strike 465 has a total call value of 73,532,313,750 versus a total put value of 4,070,666,250 Combined total value = 77,602,980,000
Strike 469.25 has a total call value of 84,503,370,000 versus a total put value of 3,165,225,000 Combined total value = 87,668,595,000
Strike 470 has a total call value of 86,455,346,250 versus a total put value of 3,005,441,250 Combined total value = 89,460,787,500
Strike 474.25 has a total call value of 97,584,375,000 versus a total put value of 2,100,000,000 Combined total value = 99,684,375,000
Strike 475 has a total call value of 99,596,910,000 versus a total put value of 1,975,890,000 Combined total value = 101,572,800,000
Strike 479.25 has a total call value of 111,001,275,000 versus a total put value of 1,272,600,000 Combined total value = 112,273,875,000
Strike 480 has a total call value of 113,013,810,000 versus a total put value of 1,148,490,000 Combined total value = 114,162,300,000
Strike 484.25 has a total call value of 124,439,595,000 versus a total put value of 445,200,000 Combined total value = 124,884,795,000
Strike 485 has a total call value of 126,606,952,500 versus a total put value of 428,505,000 Combined total value = 127,035,457,500
Strike 489.25 has a total call value of 138,895,785,000 versus a total put value of 333,900,000 Combined total value = 139,229,685,000
Strike 490 has a total call value of 141,077,553,750 versus a total put value of 317,205,000 Combined total value = 141,394,758,750
Strike 494.25 has a total call value of 153,470,808,750 versus a total put value of 222,600,000 Combined total value = 153,693,408,750
Strike 495 has a total call value of 155,689,038,750 versus a total put value of 205,905,000 Combined total value = 155,894,943,750
Strike 499.25 has a total call value of 168,259,008,750 versus a total put value of 111,300,000 Combined total value = 168,370,308,750
Strike 500 has a total call value of 170,477,238,750 versus a total put value of 94,605,000 Combined total value = 170,571,843,750
Strike 504.25 has a total call value of 183,047,208,750 versus a total put value of 0 Combined total value = 183,047,208,750
Strike 505 has a total call value of 185,326,312,500 versus a total put value of 0 Combined total value = 185,326,312,500
Strike 509.25 has a total call value of 198,241,233,750 versus a total put value of 0 Combined total value = 198,241,233,750
Strike 510 has a total call value of 200,522,778,750 versus a total put value of 0 Combined total value = 200,522,778,750
Strike 514.25 has a total call value of 213,451,533,750 versus a total put value of 0 Combined total value = 213,451,533,750
Strike 515 has a total call value of 215,755,601,250 versus a total put value of 0 Combined total value = 215,755,601,250
Strike 519.25 has a total call value of 228,811,983,750 versus a total put value of 0 Combined total value = 228,811,983,750
Strike 520 has a total call value of 231,116,681,250 versus a total put value of 0 Combined total value = 231,116,681,250
Strike 524.25 has a total call value of 244,176,633,750 versus a total put value of 0 Combined total value = 244,176,633,750
Strike 525 has a total call value of 246,499,365,000 versus a total put value of 0 Combined total value = 246,499,365,000
Strike 529.25 has a total call value of 259,661,508,750 versus a total put value of 0 Combined total value = 259,661,508,750
Strike 530 has a total call value of 261,984,240,000 versus a total put value of 0 Combined total value = 261,984,240,000
Strike 534.25 has a total call value of 275,146,383,750 versus a total put value of 0 Combined total value = 275,146,383,750
Strike 535 has a total call value of 277,487,778,750 versus a total put value of 0 Combined total value = 277,487,778,750
Strike 539.25 has a total call value of 290,755,683,750 versus a total put value of 0 Combined total value = 290,755,683,750
Strike 540 has a total call value of 293,097,078,750 versus a total put value of 0 Combined total value = 293,097,078,750
Strike 544.25 has a total call value of 306,364,983,750 versus a total put value of 0 Combined total value = 306,364,983,750
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.85 | 470 |
| ABB | 6761.3 | 7000 |
| ABBOTINDIA | 27000 | 28000 |
| ABCAPITAL | 183.87 | 200 |
| ABFRL | 285 | 300 |
| ACC | 2046.95 | 2220 |
| ADANIENT | 2304 | 2640 |
| ADANIPORTS | 1138 | 1200 |
| ALKEM | 5591.75 | 5500 |
| AMBUJACEM | 497.7 | 540 |
| APOLLOHOSP | 6724.4 | 6900 |
| APOLLOTYRE | 484.3 | 480 |
| ASHOKLEY | 217.85 | 220 |
| ASIANPAINT | 2428.65 | 2540 |
| ASTRAL | 1713 | 1780 |
| ATUL | 7257.85 | 7500 |
| AUBANK | 593.85 | 590 |
| AUROPHARMA | 1219.55 | 1300 |
| AXISBANK | 1140.35 | 1150 |
| BAJAJ-AUTO | 9489.75 | 9700 |
| BAJAJFINSV | 1572 | 1620 |
| BAJFINANCE | 6476.45 | 6700 |
| BALKRISIND | 2742 | 2800 |
| BANDHANBNK | 166.78 | 177.5 |
| BANKBARODA | 229.75 | 240 |
| BATAINDIA | 1281.4 | 1310 |
| BEL | 275.15 | 285 |
| BERGEPAINT | 467.05 | 495 |
| BHARATFORG | 1298.65 | 1340 |
| BHARTIARTL | 1521 | 1540 |
| BHEL | 228.1 | 235 |
| BIOCON | 324.6 | 330 |
| BOSCHLTD | 34076.55 | 34000 |
| BPCL | 282.5 | 300 |
| BRITANNIA | 4772.8 | 5000 |
| BSOFT | 545.3 | 560 |
| CANBK | 94.9 | 100 |
| CANFINHOME | 821.7 | 830 |
| CHAMBLFERT | 460.25 | 480 |
| CHOLAFIN | 1210.5 | 1240 |
| CIPLA | 1458.85 | 1520 |
| COALINDIA | 405.7 | 425 |
| COFORGE | 8208.75 | 8000 |
| COLPAL | 2687.85 | 2800 |
| CONCOR | 768.8 | 810 |
| COROMANDEL | 1779.15 | 1720 |
| CROMPTON | 381.75 | 390 |
| CUB | 170.46 | 175 |
| CUMMINSIND | 3291.85 | 3400 |
| DABUR | 503.85 | 525 |
| DALBHARAT | 1780.95 | 1760 |
| DEEPAKNTR | 2626 | 2650 |
| DIVISLAB | 5952.9 | 5900 |
| DIXON | 15060.6 | 14750 |
| DLF | 777.9 | 780 |
| DRREDDY | 1193.1 | 1220 |
| EICHERMOT | 4902.3 | 4900 |
| ESCORTS | 3457.15 | 3600 |
| EXIDEIND | 416.5 | 440 |
| FEDERALBNK | 210.67 | 205 |
| GAIL | 188.99 | 197.5 |
| GLENMARK | 1465.1 | 1520 |
| GMRINFRA | 77.08 | 82 |
| GNFC | 557.7 | 570 |
| GODREJCP | 1180.35 | 1200 |
| GODREJPROP | 2713.25 | 2750 |
| GRANULES | 546.55 | 580 |
| GRASIM | 2549 | 2540 |
| GUJGASLTD | 454.15 | 480 |
| HAL | 3995.7 | 4200 |
| HAVELLS | 1634.4 | 1640 |
| HCLTECH | 1832.65 | 1820 |
| HDFCAMC | 4211.95 | 4300 |
| HDFCBANK | 1741.85 | 1740 |
| HDFCLIFE | 673.85 | 680 |
| HEROMOTOCO | 4757.8 | 4800 |
| HINDALCO | 646.75 | 650 |
| HINDCOPPER | 263.4 | 290 |
| HINDPETRO | 360.75 | 375 |
| HINDUNILVR | 2379.5 | 2480 |
| ICICIBANK | 1252.6 | 1260 |
| ICICIGI | 1816.1 | 1880 |
| ICICIPRULI | 679.9 | 690 |
| IDEA | 6.98 | 8 |
| IDFCFIRSTB | 63.2 | 66 |
| IEX | 161.5 | 170 |
| IGL | 312.1 | 330 |
| INDHOTEL | 790.9 | 760 |
| INDIAMART | 2251 | 2400 |
| INDIGO | 4062.6 | 4000 |
| INDUSINDBK | 974.15 | 1040 |
| INDUSTOWER | 330.4 | 340 |
| INFY | 1828.6 | 1800 |
| IOC | 131.2 | 140 |
| IPCALAB | 1569.45 | 1560 |
| IRCTC | 796.95 | 820 |
| ITC | 456 | 475 |
| JINDALSTEL | 874.75 | 900 |
| JKCEMENT | 4012.45 | 4000 |
| JSWSTEEL | 944.9 | 960 |
| JUBLFOOD | 610.45 | 620 |
| KOTAKBANK | 1735.75 | 1760 |
| LALPATHLAB | 3022.05 | 3100 |
| LAURUSLABS | 488.7 | 490 |
| LICHSGFIN | 612.3 | 630 |
| LT | 3491.35 | 3600 |
| LTF | 138.06 | 140 |
| LTIM | 5918.45 | 5900 |
| LTTS | 5177 | 5150 |
| LUPIN | 2039.7 | 2100 |
| M&M | 2943.3 | 2900 |
| M&MFIN | 257.2 | 265 |
| MANAPPURAM | 150.91 | 155 |
| MARICO | 590.7 | 600 |
| MARUTI | 10907.6 | 11000 |
| MCX | 6183.45 | 6200 |
| METROPOLIS | 2011.35 | 2060 |
| MFSL | 1175.9 | 1200 |
| MGL | 1119.3 | 1160 |
| MOTHERSON | 161.83 | 175 |
| MPHASIS | 2778.95 | 2850 |
| MRF | 123168.8 | 122500 |
| MUTHOOTFIN | 1908 | 1880 |
| NATIONALUM | 248.59 | 240 |
| NAUKRI | 7536.75 | 7700 |
| NAVINFLUOR | 3268.05 | 3400 |
| NESTLEIND | 2205.5 | 2280 |
| NMDC | 218.68 | 225 |
| NTPC | 355.9 | 370 |
| OBEROIRLTY | 1934.4 | 1960 |
| OFSS | 11144.9 | 11500 |
| ONGC | 242.2 | 250 |
| PAGEIND | 44550.9 | 45500 |
| PEL | 1053.2 | 1060 |
| PERSISTENT | 5729 | 5600 |
| PETRONET | 320.8 | 328 |
| PFC | 452.95 | 460 |
| PIDILITIND | 2945 | 3060 |
| PIIND | 4132.55 | 4200 |
| PNB | 96.93 | 102 |
| POLYCAB | 6426.95 | 6500 |
| POWERGRID | 322.3 | 320 |
| PVRINOX | 1444.8 | 1500 |
| RAMCOCEM | 916.45 | 900 |
| RBLBANK | 157.9 | 160 |
| RECLTD | 489.95 | 510 |
| RELIANCE | 1220.3 | 1290 |
| SAIL | 111.37 | 115 |
| SBICARD | 674.6 | 690 |
| SBILIFE | 1482.65 | 1520 |
| SBIN | 780.85 | 800 |
| SHREECEM | 24220.2 | 24500 |
| SHRIRAMFIN | 2804.55 | 2900 |
| SIEMENS | 6680 | 6800 |
| SRF | 2156.6 | 2260 |
| SUNPHARMA | 1766 | 1800 |
| SUNTV | 729.45 | 730 |
| SYNGENE | 844.75 | 870 |
| TATACHEM | 1057.5 | 1100 |
| TATACOMM | 1711.5 | 1780 |
| TATACONSUM | 912.2 | 950 |
| TATAMOTORS | 778 | 800 |
| TATAPOWER | 410.65 | 420 |
| TATASTEEL | 140.46 | 145 |
| TCS | 4057.3 | 4100 |
| TECHM | 1698.75 | 1680 |
| TITAN | 3168 | 3200 |
| TORNTPHARM | 3094.3 | 3150 |
| TRENT | 6457.5 | 6600 |
| TVSMOTOR | 2399.3 | 2450 |
| UBL | 1819.6 | 1880 |
| ULTRACEMCO | 10948.35 | 11000 |
| UNITDSPR | 1491.3 | 1480 |
| UPL | 563.3 | 540 |
| VEDL | 443.35 | 460 |
| VOLTAS | 1671.9 | 1700 |
| WIPRO | 556.95 | 560 |
| ZYDUSLIFE | 942.2 | 960 |
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.
