[--[65.84.65.76]--]

COALINDIA

Coal India Ltd
379.95 +0.90 (0.24%)
L: 376.5 H: 380.65
Max Pain - COALINDIA
05 Dec 2025 03:27 PM IST Market Closed


Strike  310  has a total call value of 0  versus a total put value of  78,707,328,750 Combined total value = 78,707,328,750

Strike  312.5  has a total call value of 0  versus a total put value of  75,597,603,750 Combined total value = 75,597,603,750

Strike  314.75  has a total call value of 0  versus a total put value of  72,798,851,250 Combined total value = 72,798,851,250

Strike  315  has a total call value of 0  versus a total put value of  72,487,878,750 Combined total value = 72,487,878,750

Strike  317.5  has a total call value of 0  versus a total put value of  69,378,153,750 Combined total value = 69,378,153,750

Strike  319.75  has a total call value of 0  versus a total put value of  66,579,401,250 Combined total value = 66,579,401,250

Strike  320  has a total call value of 0  versus a total put value of  66,268,428,750 Combined total value = 66,268,428,750

Strike  322.5  has a total call value of 0  versus a total put value of  63,158,703,750 Combined total value = 63,158,703,750

Strike  324.75  has a total call value of 0  versus a total put value of  60,359,951,250 Combined total value = 60,359,951,250

Strike  325  has a total call value of 0  versus a total put value of  60,048,978,750 Combined total value = 60,048,978,750

Strike  327.5  has a total call value of 0  versus a total put value of  56,939,253,750 Combined total value = 56,939,253,750

Strike  329.75  has a total call value of 0  versus a total put value of  54,140,501,250 Combined total value = 54,140,501,250

Strike  330  has a total call value of 0  versus a total put value of  53,829,528,750 Combined total value = 53,829,528,750

Strike  332.5  has a total call value of 0  versus a total put value of  50,719,803,750 Combined total value = 50,719,803,750

Strike  334.75  has a total call value of 0  versus a total put value of  47,921,051,250 Combined total value = 47,921,051,250

Strike  335  has a total call value of 0  versus a total put value of  47,610,078,750 Combined total value = 47,610,078,750

Strike  337.5  has a total call value of 0  versus a total put value of  44,500,353,750 Combined total value = 44,500,353,750

Strike  339.75  has a total call value of 0  versus a total put value of  41,701,601,250 Combined total value = 41,701,601,250

Strike  340  has a total call value of 0  versus a total put value of  41,390,628,750 Combined total value = 41,390,628,750

Strike  342.25  has a total call value of 0  versus a total put value of  38,669,636,250 Combined total value = 38,669,636,250

Strike  342.5  has a total call value of 0  versus a total put value of  38,367,303,750 Combined total value = 38,367,303,750

Strike  344.75  has a total call value of 0  versus a total put value of  35,646,311,250 Combined total value = 35,646,311,250

Strike  345  has a total call value of 0  versus a total put value of  35,343,978,750 Combined total value = 35,343,978,750

Strike  347.25  has a total call value of 0  versus a total put value of  32,622,986,250 Combined total value = 32,622,986,250

Strike  347.5  has a total call value of 0  versus a total put value of  32,320,653,750 Combined total value = 32,320,653,750

Strike  349.75  has a total call value of 0  versus a total put value of  29,599,661,250 Combined total value = 29,599,661,250

Strike  350  has a total call value of 0  versus a total put value of  29,299,421,250 Combined total value = 29,299,421,250

Strike  352.25  has a total call value of 6,378,750  versus a total put value of  26,743,972,500 Combined total value = 26,750,351,250

Strike  352.5  has a total call value of 7,087,500  versus a total put value of  26,460,033,750 Combined total value = 26,467,121,250

Strike  354.75  has a total call value of 13,466,250  versus a total put value of  23,917,342,500 Combined total value = 23,930,808,750

Strike  355  has a total call value of 14,175,000  versus a total put value of  23,634,821,250 Combined total value = 23,648,996,250

Strike  357.25  has a total call value of 23,287,500  versus a total put value of  21,132,225,000 Combined total value = 21,155,512,500

Strike  357.5  has a total call value of 24,300,000  versus a total put value of  20,854,158,750 Combined total value = 20,878,458,750

Strike  359.75  has a total call value of 33,412,500  versus a total put value of  18,373,128,750 Combined total value = 18,406,541,250

Strike  360  has a total call value of 34,425,000  versus a total put value of  18,100,496,250 Combined total value = 18,134,921,250

Strike  362.25  has a total call value of 66,015,000  versus a total put value of  15,898,005,000 Combined total value = 15,964,020,000

Strike  362.5  has a total call value of 69,525,000  versus a total put value of  15,654,363,750 Combined total value = 15,723,888,750

Strike  364.75  has a total call value of 101,115,000  versus a total put value of  13,511,711,250 Combined total value = 13,612,826,250

Strike  365  has a total call value of 104,625,000  versus a total put value of  13,273,638,750 Combined total value = 13,378,263,750

Strike  367.25  has a total call value of 136,215,000  versus a total put value of  11,235,780,000 Combined total value = 11,371,995,000

Strike  367.5  has a total call value of 139,725,000  versus a total put value of  11,011,038,750 Combined total value = 11,150,763,750

Strike  369.75  has a total call value of 171,315,000  versus a total put value of  9,026,032,500 Combined total value = 9,197,347,500

Strike  370  has a total call value of 174,825,000  versus a total put value of  8,811,720,000 Combined total value = 8,986,545,000

Strike  372.25  has a total call value of 351,303,750  versus a total put value of  7,186,353,750 Combined total value = 7,537,657,500

Strike  372.5  has a total call value of 370,912,500  versus a total put value of  7,010,246,250 Combined total value = 7,381,158,750

Strike  374.75  has a total call value of 599,940,000  versus a total put value of  5,487,851,250 Combined total value = 6,087,791,250

Strike  375  has a total call value of 630,551,250  versus a total put value of  5,327,572,500 Combined total value = 5,958,123,750

Strike  377.25  has a total call value of 1,177,605,000  versus a total put value of  4,262,017,500 Combined total value = 5,439,622,500

Strike  377.5  has a total call value of 1,241,055,000  versus a total put value of  4,147,537,500 Combined total value = 5,388,592,500

Strike  379.75  has a total call value of 1,863,742,500  versus a total put value of  3,173,411,250 Combined total value = 5,037,153,750

Strike  380  has a total call value of 1,943,021,250  versus a total put value of  3,070,777,500 Combined total value = 5,013,798,750

Strike  382.25  has a total call value of 3,262,815,000  versus a total put value of  2,482,413,750 Combined total value = 5,745,228,750

Strike  382.5  has a total call value of 3,415,972,500  versus a total put value of  2,420,448,750 Combined total value = 5,836,421,250

Strike  384.75  has a total call value of 4,842,382,500  versus a total put value of  1,862,763,750 Combined total value = 6,705,146,250

Strike  385  has a total call value of 5,005,023,750  versus a total put value of  1,802,553,750 Combined total value = 6,807,577,500

Strike  387.25  has a total call value of 6,709,972,500  versus a total put value of  1,382,771,250 Combined total value = 8,092,743,750

Strike  387.5  has a total call value of 6,902,853,750  versus a total put value of  1,336,837,500 Combined total value = 8,239,691,250

Strike  389.75  has a total call value of 8,674,020,000  versus a total put value of  923,433,750 Combined total value = 9,597,453,750

Strike  390  has a total call value of 8,881,751,250  versus a total put value of  877,500,000 Combined total value = 9,759,251,250

Strike  392.25  has a total call value of 11,179,012,500  versus a total put value of  722,587,500 Combined total value = 11,901,600,000

Strike  392.5  has a total call value of 11,436,120,000  versus a total put value of  705,375,000 Combined total value = 12,141,495,000

Strike  394.75  has a total call value of 13,761,022,500  versus a total put value of  550,462,500 Combined total value = 14,311,485,000

Strike  395  has a total call value of 14,021,640,000  versus a total put value of  533,250,000 Combined total value = 14,554,890,000

Strike  397.25  has a total call value of 16,479,281,250  versus a total put value of  378,337,500 Combined total value = 16,857,618,750

Strike  397.5  has a total call value of 16,752,352,500  versus a total put value of  361,125,000 Combined total value = 17,113,477,500

Strike  399.75  has a total call value of 19,235,812,500  versus a total put value of  206,212,500 Combined total value = 19,442,025,000

Strike  400  has a total call value of 19,516,882,500  versus a total put value of  189,000,000 Combined total value = 19,705,882,500

Strike  402.25  has a total call value of 22,486,646,250  versus a total put value of  146,475,000 Combined total value = 22,633,121,250

Strike  402.5  has a total call value of 22,820,130,000  versus a total put value of  141,750,000 Combined total value = 22,961,880,000

Strike  404.75  has a total call value of 25,865,527,500  versus a total put value of  99,225,000 Combined total value = 25,964,752,500

Strike  405  has a total call value of 26,204,850,000  versus a total put value of  94,500,000 Combined total value = 26,299,350,000

Strike  407.25  has a total call value of 29,258,752,500  versus a total put value of  51,975,000 Combined total value = 29,310,727,500

Strike  407.5  has a total call value of 29,598,075,000  versus a total put value of  47,250,000 Combined total value = 29,645,325,000

Strike  409.75  has a total call value of 32,651,977,500  versus a total put value of  4,725,000 Combined total value = 32,656,702,500

Strike  410  has a total call value of 33,007,027,500  versus a total put value of  0 Combined total value = 33,007,027,500

Strike  412.5  has a total call value of 36,899,415,000  versus a total put value of  0 Combined total value = 36,899,415,000

Strike  414.75  has a total call value of 40,402,563,750  versus a total put value of  0 Combined total value = 40,402,563,750

Strike  415  has a total call value of 40,794,300,000  versus a total put value of  0 Combined total value = 40,794,300,000

Strike  417.5  has a total call value of 44,725,837,500  versus a total put value of  0 Combined total value = 44,725,837,500

Strike  419.75  has a total call value of 48,264,221,250  versus a total put value of  0 Combined total value = 48,264,221,250

Strike  420  has a total call value of 48,657,375,000  versus a total put value of  0 Combined total value = 48,657,375,000

Strike  422.5  has a total call value of 52,647,637,500  versus a total put value of  0 Combined total value = 52,647,637,500

Strike  424.75  has a total call value of 56,238,873,750  versus a total put value of  0 Combined total value = 56,238,873,750

Strike  425  has a total call value of 56,637,900,000  versus a total put value of  0 Combined total value = 56,637,900,000

Strike  427.5  has a total call value of 60,628,162,500  versus a total put value of  0 Combined total value = 60,628,162,500

Strike  429.75  has a total call value of 64,219,398,750  versus a total put value of  0 Combined total value = 64,219,398,750

Strike  430  has a total call value of 64,618,425,000  versus a total put value of  0 Combined total value = 64,618,425,000

Strike  432.5  has a total call value of 68,608,687,500  versus a total put value of  0 Combined total value = 68,608,687,500

Strike  434.75  has a total call value of 72,199,923,750  versus a total put value of  0 Combined total value = 72,199,923,750

Strike  435  has a total call value of 72,598,950,000  versus a total put value of  0 Combined total value = 72,598,950,000

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1146.1 1140
ABB 5180 5150
ABCAPITAL 358.5 350
ADANIENSOL 978.95 980
ADANIENT 2260 2300
ADANIGREEN 1018.5 1020
ADANIPORTS 1509.1 1500
ALKEM 5695 5700
AMBER 6570 6600
AMBUJACEM 534.15 550
ANGELONE 2648.8 2650
APLAPOLLO 1766.5 1760
APOLLOHOSP 7195 7350
ASHOKLEY 160.81 157
ASIANPAINT 2961.4 2920
ASTRAL 1456.8 1460
AUBANK 962 940
AUROPHARMA 1217.9 1220
AXISBANK 1284 1280
BAJAJ-AUTO 9109.5 9100
BAJAJFINSV 2093.7 2080
BAJFINANCE 1047 1030
BANDHANBNK 140.2 150
BANKBARODA 292 292.5
BANKINDIA 143.02 145
BDL 1508 1520
BEL 406.4 410
BHARATFORG 1403.7 1400
BHARTIARTL 2110 2100
BHEL 277.75 285
BIOCON 393 400
BLUESTARCO 1734.3 1760
BOSCHLTD 36855 36500
BPCL 360.25 362.5
BRITANNIA 5960 5900
BSE 2816.1 2800
CAMS 777.7 780
CANBK 148.5 150
CDSL 1553.5 1600
CGPOWER 664 680
CHOLAFIN 1733 1700
CIPLA 1523.6 1530
COALINDIA 379.95 380
COFORGE 1977 1860
COLPAL 2164.9 2200
CONCOR 510.85 520
CROMPTON 260.2 270
CUMMINSIND 4475.4 4500
CYIENT 1168.1 1160
DABUR 510.5 515
DALBHARAT 1995 2000
DELHIVERY 405.7 420
DIVISLAB 6471.5 6450
DIXON 13754 14500
DLF 719.05 730
DMART 3954.9 4000
DRREDDY 1275.4 1270
EICHERMOT 7210 7100
ETERNAL 291.75 305
EXIDEIND 380 380
FEDERALBNK 259 255
FORTIS 890 910
GAIL 169.99 175
GLENMARK 1963 1940
GMRAIRPORT 103.6 102
GODREJCP 1136.9 1140
GODREJPROP 2081.1 2100
GRASIM 2747 2760
HAL 4440 4500
HAVELLS 1436.5 1440
HCLTECH 1681 1640
HDFCAMC 2578 2650
HDFCBANK 1002 1000
HDFCLIFE 768.7 770
HEROMOTOCO 6360 6200
HFCL 69.26 70
HINDALCO 821.7 800
HINDPETRO 449.25 455
HINDUNILVR 2341 2360
HINDZINC 498.35 490
HUDCO 225.5 230
ICICIBANK 1392.5 1380
ICICIGI 1976 2000
ICICIPRULI 627 620
IDEA 10.8 10
IDFCFIRSTB 80.86 80
IEX 145.62 145
IIFL 568.35 560
INDHOTEL 731.45 740
INDIANB 808 830
INDIGO 5372 5500
INDUSINDBK 870 860
INDUSTOWER 416 410
INFY 1614 1600
INOXWIND 130.18 137.5
IOC 163.4 164
IRCTC 675.3 690
IREDA 133.85 140
IRFC 114.79 118
ITC 405.1 405
JINDALSTEL 1007.8 1030
JIOFIN 303.9 310
JSWENERGY 463.2 490
JSWSTEEL 1164.8 1150
JUBLFOOD 593.7 600
KALYANKJIL 492.05 490
KAYNES 4364.5 4900
KEI 4154.6 4150
KFINTECH 1068.2 1080
KOTAKBANK 2156 2120
KPITTECH 1264.5 1240
LAURUSLABS 1025 1000
LICHSGFIN 543.9 555
LICI 871.25 900
LODHA 1110.5 1160
LT 4037.1 4020
LTF 310.2 305
LTIM 6290 6150
LUPIN 2088.3 2080
M&M 3711 3700
MANAPPURAM 279.8 280
MANKIND 2204.9 2250
MARICO 734.9 730
MARUTI 16284 16200
MAXHEALTH 1098 1120
MAZDOCK 2615 2700
MCX 10338 10100
MFSL 1688 1700
MOTHERSON 116.93 115
MPHASIS 2946.5 2900
MUTHOOTFIN 3790.2 3700
NATIONALUM 273 265
NAUKRI 1387.9 1380
NBCC 112.1 115
NCC 168 172.5
NESTLEIND 1246.9 1260
NHPC 77.1 78
NMDC 76.4 76
NTPC 323.5 325
NUVAMA 7165 7200
NYKAA 254.75 260
OBEROIRLTY 1660 1660
OFSS 8204 8200
OIL 412.15 415
ONGC 241.6 244
PAGEIND 37500 38000
PATANJALI 548.25 550
PAYTM 1347.7 1320
PERSISTENT 6515 6400
PETRONET 275.2 280
PFC 352.75 365
PGEL 553.9 570
PHOENIXLTD 1725 1740
PIDILITIND 1476.1 1480
PIIND 3411.4 3450
PNB 121.6 123
PNBHOUSING 903.75 900
POLICYBZR 1898 1860
POLYCAB 7270 7400
POWERGRID 269.9 275
POWERINDIA 19360 20500
PPLPHARMA 179.82 185
PRESTIGE 1691.2 1680
RBLBANK 305.65 310
RECLTD 353.9 360
RELIANCE 1544 1540
RVNL 311.65 315
SAIL 132.4 135
SAMMAANCAP 148.3 155
SBICARD 886.55 880
SBILIFE 2019.8 2020
SBIN 971.8 975
SHREECEM 26130 26500
SHRIRAMFIN 851.65 840
SIEMENS 3320.2 3300
SOLARINDS 12838 13250
SONACOMS 493.5 500
SRF 2887.9 2900
SUNPHARMA 1803.2 1800
SUPREMEIND 3362.9 3450
SUZLON 51.9 55
SYNGENE 637 640
TATACONSUM 1163.1 1170
TATAELXSI 5205 5300
TATAMOTORS 0 320
TATAPOWER 384 390
TATASTEEL 167.35 170
TATATECH 666.4 680
TCS 3241 3200
TECHM 1568 1520
TIINDIA 2670 2850
TITAGARH 790 820
TITAN 3810.1 3860
TMPV 353.7 360
TORNTPHARM 3776.2 3750
TORNTPOWER 1290.5 1300
TRENT 4180 4300
TVSMOTOR 3668 3600
ULTRACEMCO 11600 11700
UNIONBANK 153.34 155
UNITDSPR 1453.6 1450
UNOMINDA 1272.9 1300
UPL 759.5 760
VBL 479.6 470
VEDL 523.8 520
VOLTAS 1325.4 1360
WIPRO 259.56 255
YESBANK 22.64 23
ZYDUSLIFE 932.7 940

Note:
Stock LTP > Max Pain Bearish Trend
Stock LTP < Max Pain Bullish Trend
Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

  1. For each strike price: Calculate the difference between the current stock price and the strike price.
  2. Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
  3. Sum the values: Add together the dollar value for put options and call options at each strike price.
  4. Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
  5. Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

  • Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
  • Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
  • Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
  • Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
  • Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

  • Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
  • Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
  • Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
  • Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

  • Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
  • Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
  • Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
  • New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

  • Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
  • Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

  • Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
  • Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
  • Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
  • Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
  • Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

  • Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
  • Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
  • High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
  • Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
  • Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.