COALINDIA
Coal India Ltd
Max pain for COALINDIA
14 Nov 2024 09:23 AM IST
Max Pain for COALINDIA is 424.25
Strike 369.25 has a total call value of 0 versus a total put value of 51,601,856,250 Combined total value = 51,601,856,250
Strike 370 has a total call value of 0 versus a total put value of 50,827,350,000 Combined total value = 50,827,350,000
Strike 374.25 has a total call value of 0 versus a total put value of 46,438,481,250 Combined total value = 46,438,481,250
Strike 375 has a total call value of 0 versus a total put value of 45,694,530,000 Combined total value = 45,694,530,000
Strike 379.25 has a total call value of 0 versus a total put value of 41,493,086,250 Combined total value = 41,493,086,250
Strike 380 has a total call value of 0 versus a total put value of 40,756,695,000 Combined total value = 40,756,695,000
Strike 384.25 has a total call value of 0 versus a total put value of 36,660,120,000 Combined total value = 36,660,120,000
Strike 385 has a total call value of 3,543,750 versus a total put value of 35,995,391,250 Combined total value = 35,998,935,000
Strike 389.25 has a total call value of 23,625,000 versus a total put value of 32,267,865,000 Combined total value = 32,291,490,000
Strike 390 has a total call value of 29,137,500 versus a total put value of 31,616,523,750 Combined total value = 31,645,661,250
Strike 394.25 has a total call value of 64,837,500 versus a total put value of 28,063,481,250 Combined total value = 28,128,318,750
Strike 395 has a total call value of 71,137,500 versus a total put value of 27,460,886,250 Combined total value = 27,532,023,750
Strike 399.25 has a total call value of 120,225,000 versus a total put value of 24,119,812,500 Combined total value = 24,240,037,500
Strike 400 has a total call value of 128,887,500 versus a total put value of 23,545,173,750 Combined total value = 23,674,061,250
Strike 404.25 has a total call value of 260,531,250 versus a total put value of 20,537,895,000 Combined total value = 20,798,426,250
Strike 405 has a total call value of 300,142,500 versus a total put value of 20,056,968,750 Combined total value = 20,357,111,250
Strike 409.25 has a total call value of 569,677,500 versus a total put value of 17,453,546,250 Combined total value = 18,023,223,750
Strike 410 has a total call value of 635,906,250 versus a total put value of 17,016,562,500 Combined total value = 17,652,468,750
Strike 414.25 has a total call value of 1,224,063,750 versus a total put value of 14,825,921,250 Combined total value = 16,049,985,000
Strike 415 has a total call value of 1,353,686,250 versus a total put value of 14,485,327,500 Combined total value = 15,839,013,750
Strike 419.25 has a total call value of 2,220,750,000 versus a total put value of 12,658,380,000 Combined total value = 14,879,130,000
Strike 420 has a total call value of 2,411,718,750 versus a total put value of 12,362,831,250 Combined total value = 14,774,550,000
Strike 424.25 has a total call value of 3,920,043,750 versus a total put value of 10,817,913,750 Combined total value = 14,737,957,500
Strike 425 has a total call value of 4,248,825,000 versus a total put value of 10,545,281,250 Combined total value = 14,794,106,250
Strike 429.25 has a total call value of 6,464,010,000 versus a total put value of 9,000,363,750 Combined total value = 15,464,373,750
Strike 430 has a total call value of 6,915,641,250 versus a total put value of 8,760,491,250 Combined total value = 15,676,132,500
Strike 434.25 has a total call value of 10,124,625,000 versus a total put value of 7,526,610,000 Combined total value = 17,651,235,000
Strike 435 has a total call value of 10,808,726,250 versus a total put value of 7,390,372,500 Combined total value = 18,199,098,750
Strike 439.25 has a total call value of 14,994,551,250 versus a total put value of 6,692,883,750 Combined total value = 21,687,435,000
Strike 440 has a total call value of 15,831,663,750 versus a total put value of 6,569,797,500 Combined total value = 22,401,461,250
Strike 444.25 has a total call value of 21,134,006,250 versus a total put value of 5,938,800,000 Combined total value = 27,072,806,250
Strike 445 has a total call value of 22,215,007,500 versus a total put value of 5,827,447,500 Combined total value = 28,042,455,000
Strike 449.25 has a total call value of 28,653,502,500 versus a total put value of 5,196,450,000 Combined total value = 33,849,952,500
Strike 450 has a total call value of 29,949,018,750 versus a total put value of 5,085,097,500 Combined total value = 35,034,116,250
Strike 454.25 has a total call value of 37,603,545,000 versus a total put value of 4,454,100,000 Combined total value = 42,057,645,000
Strike 455 has a total call value of 39,086,407,500 versus a total put value of 4,342,747,500 Combined total value = 43,429,155,000
Strike 459.25 has a total call value of 47,489,295,000 versus a total put value of 3,711,750,000 Combined total value = 51,201,045,000
Strike 460 has a total call value of 48,972,157,500 versus a total put value of 3,600,397,500 Combined total value = 52,572,555,000
Strike 464.25 has a total call value of 57,375,045,000 versus a total put value of 2,969,400,000 Combined total value = 60,344,445,000
Strike 465 has a total call value of 59,015,880,000 versus a total put value of 2,858,047,500 Combined total value = 61,873,927,500
Strike 469.25 has a total call value of 68,313,945,000 versus a total put value of 2,227,050,000 Combined total value = 70,540,995,000
Strike 470 has a total call value of 69,954,780,000 versus a total put value of 2,115,697,500 Combined total value = 72,070,477,500
Strike 474.25 has a total call value of 79,252,845,000 versus a total put value of 1,484,700,000 Combined total value = 80,737,545,000
Strike 475 has a total call value of 80,954,475,000 versus a total put value of 1,373,347,500 Combined total value = 82,327,822,500
Strike 479.25 has a total call value of 90,597,045,000 versus a total put value of 742,350,000 Combined total value = 91,339,395,000
Strike 480 has a total call value of 92,298,675,000 versus a total put value of 630,997,500 Combined total value = 92,929,672,500
Strike 484.25 has a total call value of 101,941,245,000 versus a total put value of 0 Combined total value = 101,941,245,000
Strike 485 has a total call value of 103,835,340,000 versus a total put value of 0 Combined total value = 103,835,340,000
Strike 489.25 has a total call value of 114,568,545,000 versus a total put value of 0 Combined total value = 114,568,545,000
Strike 490 has a total call value of 116,462,640,000 versus a total put value of 0 Combined total value = 116,462,640,000
Strike 494.25 has a total call value of 127,195,845,000 versus a total put value of 0 Combined total value = 127,195,845,000
Strike 495 has a total call value of 129,124,353,750 versus a total put value of 0 Combined total value = 129,124,353,750
Strike 499.25 has a total call value of 140,052,570,000 versus a total put value of 0 Combined total value = 140,052,570,000
Strike 500 has a total call value of 141,981,078,750 versus a total put value of 0 Combined total value = 141,981,078,750
Strike 504.25 has a total call value of 152,909,295,000 versus a total put value of 0 Combined total value = 152,909,295,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 432.25 | 440 |
| ABB | 6717.3 | 7000 |
| ABBOTINDIA | 27755.9 | 28000 |
| ABCAPITAL | 189.79 | 200 |
| ABFRL | 293.4 | 270 |
| ACC | 2198.45 | 2280 |
| ADANIENT | 2837 | 2920 |
| ADANIPORTS | 1289.1 | 1340 |
| ALKEM | 5603.7 | 5500 |
| AMBUJACEM | 545.95 | 560 |
| APOLLOHOSP | 6838.75 | 7000 |
| APOLLOTYRE | 468.1 | 470 |
| ASHOKLEY | 216.2 | 220 |
| ASIANPAINT | 2486.9 | 2520 |
| ASTRAL | 1726 | 1760 |
| ATUL | 7271.6 | 7400 |
| AUBANK | 568.6 | 580 |
| AUROPHARMA | 1260.75 | 1300 |
| AXISBANK | 1143.15 | 1160 |
| BAJAJ-AUTO | 9478 | 9700 |
| BAJAJFINSV | 1660.15 | 1700 |
| BAJFINANCE | 6588.2 | 6800 |
| BALKRISIND | 2740 | 2750 |
| BANDHANBNK | 166.16 | 175 |
| BANKBARODA | 246.15 | 250 |
| BATAINDIA | 1328 | 1320 |
| BEL | 280 | 290 |
| BERGEPAINT | 489.85 | 490 |
| BHARATFORG | 1329.15 | 1380 |
| BHARTIARTL | 1547.85 | 1580 |
| BHEL | 223.9 | 235 |
| BIOCON | 335.4 | 335 |
| BOSCHLTD | 33539 | 34000 |
| BPCL | 302.85 | 310 |
| BRITANNIA | 5008.55 | 5100 |
| BSOFT | 552.75 | 560 |
| CANBK | 100.14 | 102 |
| CANFINHOME | 821.25 | 840 |
| CHAMBLFERT | 463.9 | 480 |
| CHOLAFIN | 1187.7 | 1260 |
| CIPLA | 1494 | 1540 |
| COALINDIA | 409.35 | 424.25 |
| COFORGE | 8136.75 | 8000 |
| COLPAL | 2759.65 | 2850 |
| CONCOR | 784.55 | 810 |
| COROMANDEL | 1676.3 | 1700 |
| CROMPTON | 382 | 400 |
| CUB | 172.17 | 175 |
| CUMMINSIND | 3310.3 | 3400 |
| DABUR | 510.65 | 530 |
| DALBHARAT | 1695.1 | 1800 |
| DEEPAKNTR | 2487.5 | 2600 |
| DIVISLAB | 5754.85 | 5900 |
| DIXON | 14858.85 | 14500 |
| DLF | 759.9 | 780 |
| DRREDDY | 1239.85 | 1260 |
| EICHERMOT | 4916.7 | 4800 |
| ESCORTS | 3510.1 | 3600 |
| EXIDEIND | 419.75 | 440 |
| FEDERALBNK | 199.9 | 202.5 |
| GAIL | 190.56 | 195 |
| GLENMARK | 1538.3 | 1600 |
| GMRINFRA | 76.67 | 80 |
| GNFC | 547.75 | 560 |
| GODREJCP | 1186.05 | 1200 |
| GODREJPROP | 2588.45 | 2700 |
| GRANULES | 535 | 490 |
| GRASIM | 2509.5 | 2500 |
| GUJGASLTD | 494.3 | 510 |
| HAL | 4025.65 | 4300 |
| HAVELLS | 1612.05 | 1640 |
| HCLTECH | 1891.3 | 1820 |
| HDFCAMC | 4303 | 4350 |
| HDFCBANK | 1690.9 | 1720 |
| HDFCLIFE | 686.85 | 700 |
| HEROMOTOCO | 4519.85 | 4700 |
| HINDALCO | 634.6 | 650 |
| HINDCOPPER | 263 | 290 |
| HINDPETRO | 367.75 | 380 |
| HINDUNILVR | 2441.2 | 2500 |
| ICICIBANK | 1255.15 | 1260 |
| ICICIGI | 1866.05 | 1900 |
| ICICIPRULI | 692 | 710 |
| IDEA | 7.5 | 8 |
| IDFCFIRSTB | 64.16 | 65 |
| IEX | 163.37 | 170 |
| IGL | 415.3 | 420 |
| INDHOTEL | 718.4 | 710 |
| INDIAMART | 2320.85 | 2300 |
| INDIGO | 3871.1 | 3950 |
| INDUSINDBK | 1041.5 | 1060 |
| INDUSTOWER | 319.4 | 340 |
| INFY | 1871.1 | 1820 |
| IOC | 134.85 | 140 |
| IPCALAB | 1505.95 | 1520 |
| IRCTC | 799.9 | 820 |
| ITC | 471.25 | 480 |
| JINDALSTEL | 875.95 | 900 |
| JKCEMENT | 3951.05 | 4100 |
| JSWSTEEL | 936.4 | 960 |
| JUBLFOOD | 619.6 | 620 |
| KOTAKBANK | 1690.8 | 1760 |
| LALPATHLAB | 2947.05 | 3100 |
| LAURUSLABS | 480.8 | 490 |
| LICHSGFIN | 614 | 630 |
| LT | 3537.9 | 3600 |
| LTF | 136.89 | 140 |
| LTIM | 5936.1 | 6000 |
| LTTS | 5174 | 5200 |
| LUPIN | 2030 | 2100 |
| M&M | 2770.95 | 2850 |
| M&MFIN | 259.6 | 270 |
| MANAPPURAM | 160.82 | 155 |
| MARICO | 595.45 | 610 |
| MARUTI | 10961.35 | 11100 |
| MCX | 6092.65 | 6200 |
| METROPOLIS | 2044.9 | 2100 |
| MFSL | 1211.8 | 1200 |
| MGL | 1330.55 | 1400 |
| MOTHERSON | 163.5 | 170 |
| MPHASIS | 2864.6 | 2900 |
| MRF | 120944 | 120000 |
| MUTHOOTFIN | 1771.9 | 1800 |
| NATIONALUM | 228.67 | 225 |
| NAUKRI | 7556.25 | 7700 |
| NAVINFLUOR | 3288.85 | 3350 |
| NESTLEIND | 2230.9 | 2260 |
| NMDC | 227.02 | 225 |
| NTPC | 384.3 | 390 |
| OBEROIRLTY | 1958.3 | 1960 |
| OFSS | 11888.1 | 11500 |
| ONGC | 251.8 | 260 |
| PAGEIND | 45868.95 | 46000 |
| PEL | 1023.8 | 1020 |
| PERSISTENT | 5752.9 | 5600 |
| PETRONET | 317.35 | 328 |
| PFC | 465.65 | 460 |
| PIDILITIND | 2986.35 | 3100 |
| PIIND | 4099.75 | 4400 |
| PNB | 101.78 | 105 |
| POLYCAB | 6360.2 | 6500 |
| POWERGRID | 313.8 | 320 |
| PVRINOX | 1463.1 | 1480 |
| RAMCOCEM | 895.6 | 880 |
| RBLBANK | 153.98 | 160 |
| RECLTD | 510.95 | 520 |
| RELIANCE | 1259.35 | 1300 |
| SAIL | 113.25 | 115 |
| SBICARD | 686.45 | 680 |
| SBILIFE | 1554.05 | 1580 |
| SBIN | 813.65 | 830 |
| SHREECEM | 23719 | 24250 |
| SHRIRAMFIN | 2824.6 | 3000 |
| SIEMENS | 6651.9 | 6900 |
| SRF | 2205.05 | 2280 |
| SUNPHARMA | 1779.05 | 1820 |
| SUNTV | 728 | 730 |
| SYNGENE | 858.65 | 880 |
| TATACHEM | 1049.5 | 1100 |
| TATACOMM | 1762.2 | 1780 |
| TATACONSUM | 953.35 | 980 |
| TATAMOTORS | 787.95 | 810 |
| TATAPOWER | 405.5 | 420 |
| TATASTEEL | 139.67 | 147.5 |
| TCS | 4139.05 | 4150 |
| TECHM | 1680.45 | 1660 |
| TITAN | 3181.8 | 3200 |
| TORNTPHARM | 3116.4 | 3100 |
| TRENT | 6514.1 | 6600 |
| TVSMOTOR | 2386.6 | 2450 |
| UBL | 1867.45 | 1900 |
| ULTRACEMCO | 10574 | 11000 |
| UNITDSPR | 1431.3 | 1460 |
| UPL | 516.65 | 530 |
| VEDL | 435.5 | 460 |
| VOLTAS | 1710.75 | 1700 |
| WIPRO | 571.95 | 560 |
| ZYDUSLIFE | 971.15 | 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.
