COALINDIA
Coal India Ltd
Max pain for COALINDIA
21 Nov 2024 04:12 PM IST
Max Pain for COALINDIA is 425
Strike 354.25 has a total call value of 0 versus a total put value of 113,830,920,000 Combined total value = 113,830,920,000
Strike 355 has a total call value of 0 versus a total put value of 112,641,401,250 Combined total value = 112,641,401,250
Strike 359.25 has a total call value of 0 versus a total put value of 105,900,795,000 Combined total value = 105,900,795,000
Strike 360 has a total call value of 0 versus a total put value of 104,711,276,250 Combined total value = 104,711,276,250
Strike 364.25 has a total call value of 0 versus a total put value of 97,972,901,250 Combined total value = 97,972,901,250
Strike 365 has a total call value of 0 versus a total put value of 96,790,076,250 Combined total value = 96,790,076,250
Strike 369.25 has a total call value of 0 versus a total put value of 90,087,401,250 Combined total value = 90,087,401,250
Strike 370 has a total call value of 0 versus a total put value of 88,920,326,250 Combined total value = 88,920,326,250
Strike 374.25 has a total call value of 0 versus a total put value of 82,306,901,250 Combined total value = 82,306,901,250
Strike 375 has a total call value of 0 versus a total put value of 81,168,412,500 Combined total value = 81,168,412,500
Strike 379.25 has a total call value of 0 versus a total put value of 74,738,396,250 Combined total value = 74,738,396,250
Strike 380 has a total call value of 0 versus a total put value of 73,609,987,500 Combined total value = 73,609,987,500
Strike 384.25 has a total call value of 0 versus a total put value of 67,320,540,000 Combined total value = 67,320,540,000
Strike 385 has a total call value of 2,835,000 versus a total put value of 66,260,643,750 Combined total value = 66,263,478,750
Strike 389.25 has a total call value of 18,900,000 versus a total put value of 60,300,975,000 Combined total value = 60,319,875,000
Strike 390 has a total call value of 23,546,250 versus a total put value of 59,259,112,500 Combined total value = 59,282,658,750
Strike 394.25 has a total call value of 56,568,750 versus a total put value of 53,495,347,500 Combined total value = 53,551,916,250
Strike 395 has a total call value of 65,231,250 versus a total put value of 52,497,191,250 Combined total value = 52,562,422,500
Strike 399.25 has a total call value of 127,260,000 versus a total put value of 46,931,561,250 Combined total value = 47,058,821,250
Strike 400 has a total call value of 141,592,500 versus a total put value of 45,970,260,000 Combined total value = 46,111,852,500
Strike 404.25 has a total call value of 300,457,500 versus a total put value of 40,956,195,000 Combined total value = 41,256,652,500
Strike 405 has a total call value of 340,620,000 versus a total put value of 40,119,476,250 Combined total value = 40,460,096,250
Strike 409.25 has a total call value of 731,981,250 versus a total put value of 35,568,618,750 Combined total value = 36,300,600,000
Strike 410 has a total call value of 825,063,750 versus a total put value of 34,783,166,250 Combined total value = 35,608,230,000
Strike 414.25 has a total call value of 1,705,515,000 versus a total put value of 30,990,933,750 Combined total value = 32,696,448,750
Strike 415 has a total call value of 1,901,681,250 versus a total put value of 30,361,878,750 Combined total value = 32,263,560,000
Strike 419.25 has a total call value of 3,379,215,000 versus a total put value of 26,886,930,000 Combined total value = 30,266,145,000
Strike 420 has a total call value of 3,680,197,500 versus a total put value of 26,302,762,500 Combined total value = 29,982,960,000
Strike 424.25 has a total call value of 5,890,473,750 versus a total put value of 23,131,710,000 Combined total value = 29,022,183,750
Strike 425 has a total call value of 6,379,826,250 versus a total put value of 22,613,298,750 Combined total value = 28,993,125,000
Strike 429.25 has a total call value of 9,570,960,000 versus a total put value of 19,747,927,500 Combined total value = 29,318,887,500
Strike 430 has a total call value of 10,181,587,500 versus a total put value of 19,264,796,250 Combined total value = 29,446,383,750
Strike 434.25 has a total call value of 14,625,345,000 versus a total put value of 16,615,856,250 Combined total value = 31,241,201,250
Strike 435 has a total call value of 15,510,022,500 versus a total put value of 16,219,665,000 Combined total value = 31,729,687,500
Strike 439.25 has a total call value of 21,339,386,250 versus a total put value of 14,019,652,500 Combined total value = 35,359,038,750
Strike 440 has a total call value of 22,455,825,000 versus a total put value of 13,652,126,250 Combined total value = 36,107,951,250
Strike 444.25 has a total call value of 29,221,421,250 versus a total put value of 11,613,210,000 Combined total value = 40,834,631,250
Strike 445 has a total call value of 30,557,415,000 versus a total put value of 11,303,565,000 Combined total value = 41,860,980,000
Strike 449.25 has a total call value of 38,383,747,500 versus a total put value of 9,548,910,000 Combined total value = 47,932,657,500
Strike 450 has a total call value of 39,923,703,750 versus a total put value of 9,252,967,500 Combined total value = 49,176,671,250
Strike 454.25 has a total call value of 48,873,693,750 versus a total put value of 7,575,960,000 Combined total value = 56,449,653,750
Strike 455 has a total call value of 50,573,670,000 versus a total put value of 7,324,353,750 Combined total value = 57,898,023,750
Strike 459.25 has a total call value of 60,284,516,250 versus a total put value of 5,898,585,000 Combined total value = 66,183,101,250
Strike 460 has a total call value of 62,052,138,750 versus a total put value of 5,646,978,750 Combined total value = 67,699,117,500
Strike 464.25 has a total call value of 72,164,163,750 versus a total put value of 4,228,350,000 Combined total value = 76,392,513,750
Strike 465 has a total call value of 74,089,050,000 versus a total put value of 4,068,645,000 Combined total value = 78,157,695,000
Strike 469.25 has a total call value of 85,040,025,000 versus a total put value of 3,163,650,000 Combined total value = 88,203,675,000
Strike 470 has a total call value of 86,988,300,000 versus a total put value of 3,003,945,000 Combined total value = 89,992,245,000
Strike 474.25 has a total call value of 98,094,570,000 versus a total put value of 2,098,950,000 Combined total value = 100,193,520,000
Strike 475 has a total call value of 100,103,088,750 versus a total put value of 1,974,918,750 Combined total value = 102,078,007,500
Strike 479.25 has a total call value of 111,484,695,000 versus a total put value of 1,272,075,000 Combined total value = 112,756,770,000
Strike 480 has a total call value of 113,493,213,750 versus a total put value of 1,148,043,750 Combined total value = 114,641,257,500
Strike 484.25 has a total call value of 124,896,240,000 versus a total put value of 445,200,000 Combined total value = 125,341,440,000
Strike 485 has a total call value of 127,057,691,250 versus a total put value of 428,505,000 Combined total value = 127,486,196,250
Strike 489.25 has a total call value of 139,313,055,000 versus a total put value of 333,900,000 Combined total value = 139,646,955,000
Strike 490 has a total call value of 141,488,917,500 versus a total put value of 317,205,000 Combined total value = 141,806,122,500
Strike 494.25 has a total call value of 153,848,703,750 versus a total put value of 222,600,000 Combined total value = 154,071,303,750
Strike 495 has a total call value of 156,060,791,250 versus a total put value of 205,905,000 Combined total value = 156,266,696,250
Strike 499.25 has a total call value of 168,595,953,750 versus a total put value of 111,300,000 Combined total value = 168,707,253,750
Strike 500 has a total call value of 170,808,041,250 versus a total put value of 94,605,000 Combined total value = 170,902,646,250
Strike 504.25 has a total call value of 183,370,871,250 versus a total put value of 0 Combined total value = 183,370,871,250
Strike 505 has a total call value of 185,648,400,000 versus a total put value of 0 Combined total value = 185,648,400,000
Strike 509.25 has a total call value of 198,554,396,250 versus a total put value of 0 Combined total value = 198,554,396,250
Strike 510 has a total call value of 200,834,366,250 versus a total put value of 0 Combined total value = 200,834,366,250
Strike 514.25 has a total call value of 213,754,196,250 versus a total put value of 0 Combined total value = 213,754,196,250
Strike 515 has a total call value of 216,052,357,500 versus a total put value of 0 Combined total value = 216,052,357,500
Strike 519.25 has a total call value of 229,075,271,250 versus a total put value of 0 Combined total value = 229,075,271,250
Strike 520 has a total call value of 231,374,062,500 versus a total put value of 0 Combined total value = 231,374,062,500
Strike 524.25 has a total call value of 244,400,546,250 versus a total put value of 0 Combined total value = 244,400,546,250
Strike 525 has a total call value of 246,717,371,250 versus a total put value of 0 Combined total value = 246,717,371,250
Strike 529.25 has a total call value of 259,846,046,250 versus a total put value of 0 Combined total value = 259,846,046,250
Strike 530 has a total call value of 262,162,871,250 versus a total put value of 0 Combined total value = 262,162,871,250
Strike 534.25 has a total call value of 275,291,546,250 versus a total put value of 0 Combined total value = 275,291,546,250
Strike 535 has a total call value of 277,626,877,500 versus a total put value of 0 Combined total value = 277,626,877,500
Strike 539.25 has a total call value of 290,860,421,250 versus a total put value of 0 Combined total value = 290,860,421,250
Strike 540 has a total call value of 293,195,752,500 versus a total put value of 0 Combined total value = 293,195,752,500
Strike 544.25 has a total call value of 306,429,296,250 versus a total put value of 0 Combined total value = 306,429,296,250
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 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.
