COFORGE
Coforge Limited
Max pain for COFORGE
14 Jan 2025 02:00 PM IST
Max Pain for COFORGE is 9100
Strike 7400 has a total call value of 0 versus a total put value of 98,059,500,000 Combined total value = 98,059,500,000
Strike 7500 has a total call value of 0 versus a total put value of 90,442,500,000 Combined total value = 90,442,500,000
Strike 7600 has a total call value of 0 versus a total put value of 82,825,500,000 Combined total value = 82,825,500,000
Strike 7700 has a total call value of 0 versus a total put value of 75,561,750,000 Combined total value = 75,561,750,000
Strike 7800 has a total call value of 0 versus a total put value of 68,298,000,000 Combined total value = 68,298,000,000
Strike 7900 has a total call value of 8,250,000 versus a total put value of 61,466,250,000 Combined total value = 61,474,500,000
Strike 8000 has a total call value of 16,500,000 versus a total put value of 54,634,500,000 Combined total value = 54,651,000,000
Strike 8100 has a total call value of 71,250,000 versus a total put value of 48,688,500,000 Combined total value = 48,759,750,000
Strike 8200 has a total call value of 132,750,000 versus a total put value of 42,867,000,000 Combined total value = 42,999,750,000
Strike 8300 has a total call value of 256,500,000 versus a total put value of 37,323,000,000 Combined total value = 37,579,500,000
Strike 8400 has a total call value of 382,500,000 versus a total put value of 31,920,750,000 Combined total value = 32,303,250,000
Strike 8500 has a total call value of 513,750,000 versus a total put value of 26,803,500,000 Combined total value = 27,317,250,000
Strike 8600 has a total call value of 747,000,000 versus a total put value of 22,408,500,000 Combined total value = 23,155,500,000
Strike 8700 has a total call value of 1,140,000,000 versus a total put value of 18,429,750,000 Combined total value = 19,569,750,000
Strike 8800 has a total call value of 1,828,500,000 versus a total put value of 14,957,250,000 Combined total value = 16,785,750,000
Strike 8900 has a total call value of 2,821,500,000 versus a total put value of 11,985,750,000 Combined total value = 14,807,250,000
Strike 9000 has a total call value of 4,014,750,000 versus a total put value of 9,279,750,000 Combined total value = 13,294,500,000
Strike 9100 has a total call value of 5,847,750,000 versus a total put value of 7,335,750,000 Combined total value = 13,183,500,000
Strike 9200 has a total call value of 7,914,750,000 versus a total put value of 5,625,000,000 Combined total value = 13,539,750,000
Strike 9300 has a total call value of 10,245,750,000 versus a total put value of 4,100,250,000 Combined total value = 14,346,000,000
Strike 9400 has a total call value of 12,885,000,000 versus a total put value of 2,759,250,000 Combined total value = 15,644,250,000
Strike 9500 has a total call value of 15,873,750,000 versus a total put value of 1,683,750,000 Combined total value = 17,557,500,000
Strike 9600 has a total call value of 19,680,000,000 versus a total put value of 1,013,250,000 Combined total value = 20,693,250,000
Strike 9700 has a total call value of 24,055,500,000 versus a total put value of 568,500,000 Combined total value = 24,624,000,000
Strike 9800 has a total call value of 29,213,250,000 versus a total put value of 288,000,000 Combined total value = 29,501,250,000
Strike 9900 has a total call value of 35,321,250,000 versus a total put value of 144,000,000 Combined total value = 35,465,250,000
Strike 10000 has a total call value of 41,891,250,000 versus a total put value of 0 Combined total value = 41,891,250,000
Strike 10100 has a total call value of 49,559,250,000 versus a total put value of 0 Combined total value = 49,559,250,000
Strike 10200 has a total call value of 57,471,000,000 versus a total put value of 0 Combined total value = 57,471,000,000
Strike 10300 has a total call value of 65,975,250,000 versus a total put value of 0 Combined total value = 65,975,250,000
Strike 10400 has a total call value of 74,651,250,000 versus a total put value of 0 Combined total value = 74,651,250,000
Strike 10500 has a total call value of 83,769,750,000 versus a total put value of 0 Combined total value = 83,769,750,000
Strike 10600 has a total call value of 93,239,250,000 versus a total put value of 0 Combined total value = 93,239,250,000
Strike 10700 has a total call value of 103,277,250,000 versus a total put value of 0 Combined total value = 103,277,250,000
Strike 10800 has a total call value of 113,428,500,000 versus a total put value of 0 Combined total value = 113,428,500,000
Strike 10900 has a total call value of 124,006,500,000 versus a total put value of 0 Combined total value = 124,006,500,000
Strike 11000 has a total call value of 134,584,500,000 versus a total put value of 0 Combined total value = 134,584,500,000
Strike 11100 has a total call value of 145,480,500,000 versus a total put value of 0 Combined total value = 145,480,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 407.5 | 420 |
| ABB | 6120.95 | 6600 |
| ABBOTINDIA | 28244.65 | 29000 |
| ABCAPITAL | 173.45 | 182.5 |
| ABFRL | 269.85 | 280 |
| ACC | 1934.5 | 2060 |
| ADANIENSOL | 776.85 | 780 |
| ADANIENT | 2374.95 | 2500 |
| ADANIGREEN | 1005.55 | 1000 |
| ADANIPORTS | 1122.9 | 1180 |
| ALKEM | 5264.95 | 5450 |
| AMBUJACEM | 511.05 | 550 |
| ANGELONE | 2367.15 | 2500 |
| APLAPOLLO | 1469.25 | 1500 |
| APOLLOHOSP | 6694.65 | 7050 |
| APOLLOTYRE | 452 | 470 |
| ASHOKLEY | 209.95 | 220 |
| ASIANPAINT | 2248.15 | 2300 |
| ASTRAL | 1489.1 | 1600 |
| ATGL | 670.95 | 670 |
| ATUL | 6739.5 | 6700 |
| AUBANK | 574.4 | 565 |
| AUROPHARMA | 1172.6 | 1220 |
| AXISBANK | 1052.8 | 1080 |
| BAJAJ-AUTO | 8570 | 8900 |
| BAJAJFINSV | 1702.95 | 1640 |
| BAJFINANCE | 7354.65 | 7200 |
| BALKRISIND | 2701.15 | 2800 |
| BANDHANBNK | 145.59 | 160 |
| BANKBARODA | 222.64 | 240 |
| BANKINDIA | 93.17 | 98 |
| BATAINDIA | 1340 | 1380 |
| BEL | 267.45 | 280 |
| BERGEPAINT | 462.55 | 460 |
| BHARATFORG | 1192.5 | 1260 |
| BHARTIARTL | 1584.3 | 1600 |
| BHEL | 195.45 | 220 |
| BIOCON | 389.15 | 375 |
| BOSCHLTD | 31489.95 | 33000 |
| BPCL | 269.15 | 280 |
| BRITANNIA | 4876 | 4850 |
| BSE | 5428.85 | 5300 |
| BSOFT | 529.7 | 560 |
| CAMS | 4236.35 | 4700 |
| CANBK | 92.55 | 98 |
| CANFINHOME | 665.85 | 700 |
| CDSL | 1562.55 | 1700 |
| CESC | 152.64 | 160 |
| CGPOWER | 622.8 | 660 |
| CHAMBLFERT | 471.55 | 490 |
| CHOLAFIN | 1266.65 | 1260 |
| CIPLA | 1442.4 | 1500 |
| COALINDIA | 367.7 | 385 |
| COFORGE | 8556.4 | 9100 |
| COLPAL | 2697 | 2800 |
| CONCOR | 757.35 | 780 |
| COROMANDEL | 1816.55 | 1880 |
| CROMPTON | 358.05 | 370 |
| CUB | 166.49 | 170 |
| CUMMINSIND | 2920.1 | 3150 |
| CYIENT | 1683.2 | 1720 |
| DABUR | 511.2 | 515 |
| DALBHARAT | 1725.7 | 1740 |
| DEEPAKNTR | 2331 | 2500 |
| DELHIVERY | 324.85 | 335 |
| DIVISLAB | 5958.6 | 5900 |
| DIXON | 16172.8 | 17000 |
| DLF | 720.85 | 770 |
| DMART | 3456.55 | 3700 |
| DRREDDY | 1333.05 | 1350 |
| EICHERMOT | 5028.7 | 5000 |
| ESCORTS | 3454.1 | 3300 |
| EXIDEIND | 380.8 | 410 |
| FEDERALBNK | 192.45 | 197.5 |
| GAIL | 175.21 | 190 |
| GLENMARK | 1509.95 | 1560 |
| GMRAIRPORT | 71.28 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 535 | 550 |
| GODREJCP | 1136.2 | 1140 |
| GODREJPROP | 2282.2 | 2500 |
| GRANULES | 584.65 | 590 |
| GRASIM | 2303.9 | 2480 |
| GUJGASLTD | 486.4 | 495 |
| HAL | 3819.55 | 4150 |
| HAVELLS | 1538.95 | 1600 |
| HCLTECH | 1817.7 | 1840 |
| HDFCAMC | 3918.05 | 3950 |
| HDFCBANK | 1647.15 | 1700 |
| HDFCLIFE | 597.95 | 620 |
| HEROMOTOCO | 4103.2 | 4200 |
| HFCL | 97.02 | 105 |
| HINDALCO | 586.2 | 600 |
| HINDCOPPER | 222.79 | 250 |
| HINDPETRO | 370.4 | 390 |
| HINDUNILVR | 2378.15 | 2400 |
| HUDCO | 211.7 | 220 |
| ICICIBANK | 1237.6 | 1270 |
| ICICIGI | 1828.55 | 1860 |
| ICICIPRULI | 637.7 | 650 |
| IDEA | 8.1 | 8 |
| IDFCFIRSTB | 61.74 | 63 |
| IEX | 166.35 | 177.5 |
| IGL | 410.25 | 410 |
| INDHOTEL | 769.05 | 800 |
| INDIAMART | 2242.5 | 2300 |
| INDIANB | 499.85 | 520 |
| INDIGO | 3990.05 | 4300 |
| INDUSINDBK | 964.6 | 980 |
| INDUSTOWER | 337.85 | 340 |
| INFY | 1936.1 | 1940 |
| IOC | 125.86 | 135 |
| IPCALAB | 1585.45 | 1640 |
| IRB | 50.86 | 55 |
| IRCTC | 757.5 | 790 |
| IRFC | 134.2 | 137.5 |
| ITC | 436.9 | 445 |
| JINDALSTEL | 913.7 | 940 |
| JIOFIN | 271.25 | 285 |
| JKCEMENT | 4366.5 | 4500 |
| JSL | 627.65 | 630 |
| JSWENERGY | 547.6 | 570 |
| JSWSTEEL | 903.25 | 920 |
| JUBLFOOD | 706.35 | 730 |
| KALYANKJIL | 595.55 | 640 |
| KEI | 4012.4 | 4200 |
| KOTAKBANK | 1754.35 | 1800 |
| KPITTECH | 1322 | 1400 |
| LALPATHLAB | 2800.8 | 2950 |
| LAURUSLABS | 564.45 | 590 |
| LICHSGFIN | 550 | 580 |
| LICI | 816.8 | 860 |
| LODHA | 1139 | 1240 |
| LT | 3464.4 | 3600 |
| LTF | 133.31 | 140 |
| LTIM | 5768.1 | 5800 |
| LTTS | 4706 | 4800 |
| LUPIN | 2154.2 | 2240 |
| M&M | 3061.4 | 3100 |
| M&MFIN | 264.95 | 270 |
| MANAPPURAM | 176.98 | 190 |
| MARICO | 657.55 | 660 |
| MARUTI | 11759.15 | 11600 |
| MAXHEALTH | 1077.8 | 1140 |
| MCX | 5675.4 | 6000 |
| METROPOLIS | 1863 | 2000 |
| MFSL | 1046.5 | 1100 |
| MGL | 1273 | 1280 |
| MOTHERSON | 145.21 | 155 |
| MPHASIS | 2771.15 | 2900 |
| MRF | 114032.9 | 118000 |
| MUTHOOTFIN | 2125.25 | 2140 |
| NATIONALUM | 197.37 | 210 |
| NAUKRI | 7408.25 | 8000 |
| NAVINFLUOR | 3588.65 | 3650 |
| NCC | 244.9 | 260 |
| NESTLEIND | 2208.3 | 2200 |
| NHPC | 75.98 | 78 |
| NMDC | 62.99 | 67 |
| NTPC | 309.55 | 320 |
| NYKAA | 164.17 | 167.5 |
| OBEROIRLTY | 1981 | 2140 |
| OFSS | 10709.6 | 11500 |
| OIL | 465.5 | 460 |
| ONGC | 259.02 | 257.5 |
| PAGEIND | 46339.55 | 47000 |
| PAYTM | 819.15 | 880 |
| PEL | 1018.75 | 1080 |
| PERSISTENT | 5866.65 | 6200 |
| PETRONET | 323.85 | 335 |
| PFC | 415.65 | 440 |
| PIDILITIND | 2804.5 | 2900 |
| PIIND | 3467.3 | 3600 |
| PNB | 97.58 | 101 |
| POLICYBZR | 1733.85 | 1900 |
| POLYCAB | 6405.75 | 6700 |
| POONAWALLA | 308.75 | 315 |
| POWERGRID | 290.6 | 305 |
| PRESTIGE | 1421.8 | 1550 |
| PVRINOX | 1084 | 1180 |
| RAMCOCEM | 885.2 | 930 |
| RBLBANK | 153.3 | 160 |
| RECLTD | 475.2 | 500 |
| RELIANCE | 1234.25 | 1250 |
| SAIL | 105.5 | 110 |
| SBICARD | 731 | 730 |
| SBILIFE | 1495.35 | 1440 |
| SBIN | 750.95 | 780 |
| SHREECEM | 25011.1 | 25750 |
| SHRIRAMFIN | 538 | 570 |
| SIEMENS | 5816.7 | 6300 |
| SJVN | 93.46 | 100 |
| SONACOMS | 564.95 | 580 |
| SRF | 2508 | 2560 |
| SUNPHARMA | 1767.9 | 1820 |
| SUNTV | 656.15 | 670 |
| SUPREMEIND | 4371.7 | 4500 |
| SYNGENE | 828.15 | 850 |
| TATACHEM | 967.25 | 1020 |
| TATACOMM | 1669.45 | 1740 |
| TATACONSUM | 962.8 | 950 |
| TATAELXSI | 6054.05 | 6200 |
| TATAMOTORS | 775.95 | 780 |
| TATAPOWER | 354.35 | 380 |
| TATASTEEL | 127.34 | 135 |
| TCS | 4223 | 4200 |
| TECHM | 1656.75 | 1680 |
| TIINDIA | 3294.65 | 3550 |
| TITAN | 3329.5 | 3400 |
| TORNTPHARM | 3241.45 | 3350 |
| TRENT | 6156.65 | 6700 |
| TVSMOTOR | 2234.85 | 2300 |
| UBL | 1962 | 2000 |
| ULTRACEMCO | 10515.35 | 11100 |
| UNIONBANK | 103.1 | 110 |
| UNITDSPR | 1410.4 | 1500 |
| UPL | 539.95 | 530 |
| VBL | 563.05 | 600 |
| VEDL | 430.3 | 450 |
| VOLTAS | 1632.75 | 1720 |
| WIPRO | 292.7 | 295 |
| YESBANK | 17.8 | 19 |
| ZOMATO | 235.05 | 250 |
| ZYDUSLIFE | 992.55 | 1000 |
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.
