COFORGE
Coforge Limited
Max pain for COFORGE
28 Feb 2025 04:10 PM IST
Max Pain for COFORGE is 7400
Strike 6000 has a total call value of 0 versus a total put value of 51,854,250,000 Combined total value = 51,854,250,000
Strike 6100 has a total call value of 0 versus a total put value of 47,754,750,000 Combined total value = 47,754,750,000
Strike 6200 has a total call value of 0 versus a total put value of 43,656,000,000 Combined total value = 43,656,000,000
Strike 6300 has a total call value of 0 versus a total put value of 39,599,250,000 Combined total value = 39,599,250,000
Strike 6400 has a total call value of 0 versus a total put value of 35,542,500,000 Combined total value = 35,542,500,000
Strike 6500 has a total call value of 5,250,000 versus a total put value of 31,583,250,000 Combined total value = 31,588,500,000
Strike 6600 has a total call value of 10,500,000 versus a total put value of 27,633,750,000 Combined total value = 27,644,250,000
Strike 6700 has a total call value of 27,750,000 versus a total put value of 24,000,750,000 Combined total value = 24,028,500,000
Strike 6800 has a total call value of 48,750,000 versus a total put value of 20,415,750,000 Combined total value = 20,464,500,000
Strike 6900 has a total call value of 89,250,000 versus a total put value of 16,973,250,000 Combined total value = 17,062,500,000
Strike 7000 has a total call value of 153,000,000 versus a total put value of 13,650,750,000 Combined total value = 13,803,750,000
Strike 7100 has a total call value of 288,000,000 versus a total put value of 11,010,750,000 Combined total value = 11,298,750,000
Strike 7200 has a total call value of 505,500,000 versus a total put value of 8,652,750,000 Combined total value = 9,158,250,000
Strike 7300 has a total call value of 1,079,250,000 versus a total put value of 6,725,250,000 Combined total value = 7,804,500,000
Strike 7400 has a total call value of 2,116,500,000 versus a total put value of 5,260,500,000 Combined total value = 7,377,000,000
Strike 7500 has a total call value of 3,816,750,000 versus a total put value of 3,993,750,000 Combined total value = 7,810,500,000
Strike 7600 has a total call value of 6,381,000,000 versus a total put value of 3,284,250,000 Combined total value = 9,665,250,000
Strike 7700 has a total call value of 9,243,750,000 versus a total put value of 2,727,000,000 Combined total value = 11,970,750,000
Strike 7800 has a total call value of 12,397,500,000 versus a total put value of 2,246,250,000 Combined total value = 14,643,750,000
Strike 7900 has a total call value of 15,959,250,000 versus a total put value of 1,819,500,000 Combined total value = 17,778,750,000
Strike 8000 has a total call value of 19,603,500,000 versus a total put value of 1,398,750,000 Combined total value = 21,002,250,000
Strike 8100 has a total call value of 23,916,000,000 versus a total put value of 1,189,500,000 Combined total value = 25,105,500,000
Strike 8200 has a total call value of 28,321,500,000 versus a total put value of 983,250,000 Combined total value = 29,304,750,000
Strike 8300 has a total call value of 32,904,000,000 versus a total put value of 778,500,000 Combined total value = 33,682,500,000
Strike 8400 has a total call value of 37,586,250,000 versus a total put value of 574,500,000 Combined total value = 38,160,750,000
Strike 8500 has a total call value of 42,444,000,000 versus a total put value of 370,500,000 Combined total value = 42,814,500,000
Strike 8600 has a total call value of 47,765,250,000 versus a total put value of 294,750,000 Combined total value = 48,060,000,000
Strike 8700 has a total call value of 53,160,000,000 versus a total put value of 220,500,000 Combined total value = 53,380,500,000
Strike 8800 has a total call value of 58,560,750,000 versus a total put value of 147,000,000 Combined total value = 58,707,750,000
Strike 8900 has a total call value of 64,010,250,000 versus a total put value of 73,500,000 Combined total value = 64,083,750,000
Strike 9000 has a total call value of 69,465,750,000 versus a total put value of 0 Combined total value = 69,465,750,000
Strike 9100 has a total call value of 75,138,750,000 versus a total put value of 0 Combined total value = 75,138,750,000
Strike 9200 has a total call value of 80,811,750,000 versus a total put value of 0 Combined total value = 80,811,750,000
Strike 9300 has a total call value of 86,529,000,000 versus a total put value of 0 Combined total value = 86,529,000,000
Strike 9400 has a total call value of 92,377,500,000 versus a total put value of 0 Combined total value = 92,377,500,000
Strike 9500 has a total call value of 98,226,000,000 versus a total put value of 0 Combined total value = 98,226,000,000
Strike 9600 has a total call value of 104,074,500,000 versus a total put value of 0 Combined total value = 104,074,500,000
Strike 9700 has a total call value of 109,962,000,000 versus a total put value of 0 Combined total value = 109,962,000,000
Strike 9800 has a total call value of 115,849,500,000 versus a total put value of 0 Combined total value = 115,849,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 376 | 400 |
| ABB | 4935.4 | 5200 |
| ABCAPITAL | 156.33 | 165 |
| ABFRL | 242.15 | 255 |
| ACC | 1818.55 | 2000 |
| ADANIENSOL | 650.9 | 680 |
| ADANIENT | 2096 | 2500 |
| ADANIGREEN | 774.4 | 820 |
| ADANIPORTS | 1069.4 | 1100 |
| ALKEM | 4646.2 | 4650 |
| AMBUJACEM | 464.95 | 510 |
| ANGELONE | 2169.15 | 2100 |
| APLAPOLLO | 1438.95 | 1460 |
| APOLLOHOSP | 6052.6 | 6200 |
| APOLLOTYRE | 374.3 | 400 |
| ASHOKLEY | 212.94 | 220 |
| ASIANPAINT | 2179.75 | 2260 |
| ASTRAL | 1337.25 | 1400 |
| ATGL | 557.15 | 560 |
| AUBANK | 565.7 | 555 |
| AUROPHARMA | 1058.3 | 1100 |
| AXISBANK | 1015.55 | 1030 |
| BAJAJ-AUTO | 7902.9 | 8300 |
| BAJAJFINSV | 1872.3 | 1900 |
| BAJFINANCE | 8530.3 | 8500 |
| BALKRISIND | 2615.65 | 2700 |
| BANDHANBNK | 141.19 | 145 |
| BANKBARODA | 197.07 | 215 |
| BANKINDIA | 95.16 | 100 |
| BEL | 246.25 | 260 |
| BERGEPAINT | 488.55 | 490 |
| BHARATFORG | 1016.5 | 1040 |
| BHARTIARTL | 1570.2 | 1620 |
| BHEL | 179.17 | 195 |
| BIOCON | 302.45 | 320 |
| BOSCHLTD | 26544 | 30000 |
| BPCL | 237.3 | 250 |
| BRITANNIA | 4595.45 | 4800 |
| BSE | 4633.7 | 5100 |
| BSOFT | 424.05 | 450 |
| CAMS | 3143.1 | 3300 |
| CANBK | 80.9 | 88 |
| CDSL | 1107.9 | 1200 |
| CESC | 130.79 | 135 |
| CGPOWER | 572.6 | 580 |
| CHAMBLFERT | 533.7 | 550 |
| CHOLAFIN | 1400.75 | 1400 |
| CIPLA | 1407.5 | 1460 |
| COALINDIA | 369.35 | 380 |
| COFORGE | 7362.15 | 7400 |
| COLPAL | 2464.6 | 2500 |
| CONCOR | 623.7 | 680 |
| CROMPTON | 321.15 | 330 |
| CUMMINSIND | 2717.95 | 2800 |
| CYIENT | 1267.15 | 1300 |
| DABUR | 493.3 | 510 |
| DALBHARAT | 1689.65 | 1700 |
| DEEPAKNTR | 1851.3 | 1900 |
| DELHIVERY | 249.85 | 260 |
| DIVISLAB | 5480.25 | 5650 |
| DIXON | 13935.85 | 14000 |
| DLF | 635.55 | 670 |
| DMART | 3403.95 | 3550 |
| DRREDDY | 1116.5 | 1150 |
| EICHERMOT | 4773.6 | 4950 |
| ESCORTS | 2868.95 | 3000 |
| EXIDEIND | 347.8 | 370 |
| FEDERALBNK | 177.62 | 180 |
| GAIL | 156.04 | 160 |
| GLENMARK | 1278.95 | 1300 |
| GMRAIRPORT | 69.47 | 71 |
| GODREJCP | 1005.15 | 1030 |
| GODREJPROP | 1936.3 | 2000 |
| GRANULES | 461.8 | 490 |
| GRASIM | 2306.65 | 2360 |
| HAL | 3088.2 | 3400 |
| HAVELLS | 1421.8 | 1440 |
| HCLTECH | 1575.05 | 1640 |
| HDFCAMC | 3628.3 | 3800 |
| HDFCBANK | 1732.4 | 1720 |
| HDFCLIFE | 608.5 | 620 |
| HEROMOTOCO | 3681.1 | 3800 |
| HFCL | 79.19 | 85 |
| HINDALCO | 634.35 | 630 |
| HINDCOPPER | 202.32 | 220 |
| HINDPETRO | 293.75 | 310 |
| HINDUNILVR | 2190.25 | 2300 |
| HUDCO | 165.14 | 180 |
| ICICIBANK | 1204.1 | 1250 |
| ICICIGI | 1690.95 | 1720 |
| ICICIPRULI | 551.6 | 560 |
| IDEA | 7.55 | 8 |
| IDFCFIRSTB | 58.39 | 61 |
| IEX | 155.93 | 165 |
| IGL | 189.48 | 195 |
| INDHOTEL | 716.1 | 740 |
| INDIANB | 510.8 | 520 |
| INDIGO | 4477.3 | 4500 |
| INDUSINDBK | 990.1 | 1040 |
| INDUSTOWER | 323.35 | 345 |
| INFY | 1687.7 | 1760 |
| IOC | 113.49 | 120 |
| IRB | 43.26 | 45 |
| IRCTC | 670.95 | 710 |
| IRFC | 112.42 | 115 |
| ITC | 395 | 405 |
| JINDALSTEL | 856.15 | 880 |
| JIOFIN | 207.61 | 220 |
| JKCEMENT | 4389.35 | 4500 |
| JSL | 584.85 | 610 |
| JSWENERGY | 464.1 | 460 |
| JSWSTEEL | 950.7 | 970 |
| JUBLFOOD | 626.1 | 650 |
| KALYANKJIL | 462.25 | 460 |
| KEI | 3070.15 | 3000 |
| KOTAKBANK | 1902.95 | 1940 |
| KPITTECH | 1197.4 | 1260 |
| LAURUSLABS | 527.2 | 540 |
| LICHSGFIN | 496.9 | 530 |
| LICI | 740.5 | 760 |
| LODHA | 1130.9 | 1200 |
| LT | 3163.85 | 3300 |
| LTF | 134.73 | 140 |
| LTIM | 4665.95 | 5000 |
| LTTS | 4533.2 | 4700 |
| LUPIN | 1904.65 | 1900 |
| M&M | 2585.1 | 2700 |
| M&MFIN | 270.6 | 280 |
| MANAPPURAM | 200.96 | 200 |
| MARICO | 600.6 | 620 |
| MARUTI | 11945.85 | 12200 |
| MAXHEALTH | 978.1 | 1020 |
| MCX | 4991.65 | 5400 |
| MFSL | 998.1 | 1040 |
| MGL | 1237.5 | 1300 |
| MOTHERSON | 118.59 | 125 |
| MPHASIS | 2247.25 | 2350 |
| MRF | 105373.7 | 110000 |
| MUTHOOTFIN | 2132.8 | 2200 |
| NATIONALUM | 177.6 | 186 |
| NAUKRI | 6992.65 | 7300 |
| NBCC | 72.86 | 77.5 |
| NCC | 175 | 180 |
| NESTLEIND | 2189.65 | 2260 |
| NHPC | 72.9 | 75 |
| NMDC | 62.48 | 69 |
| NTPC | 311.45 | 320 |
| NYKAA | 158.8 | 160 |
| OBEROIRLTY | 1484.5 | 1520 |
| OFSS | 7763.9 | 8000 |
| OIL | 342.7 | 370 |
| ONGC | 225.25 | 235 |
| PAGEIND | 40515.95 | 42000 |
| PAYTM | 714.95 | 740 |
| PEL | 872.4 | 940 |
| PERSISTENT | 5303.9 | 5400 |
| PETRONET | 283.3 | 290 |
| PFC | 364.3 | 390 |
| PHOENIXLTD | 1548.1 | 1500 |
| PIDILITIND | 2657.9 | 2800 |
| PIIND | 3013.95 | 3100 |
| PNB | 87.39 | 95 |
| POLICYBZR | 1463.6 | 1550 |
| POLYCAB | 4713.4 | 4900 |
| POONAWALLA | 281.3 | 280 |
| POWERGRID | 250.85 | 265 |
| PRESTIGE | 1126.6 | 1150 |
| RAMCOCEM | 829 | 850 |
| RBLBANK | 158.34 | 160 |
| RECLTD | 360.3 | 390 |
| RELIANCE | 1200.1 | 1250 |
| SAIL | 105.02 | 110 |
| SBICARD | 838.8 | 850 |
| SBILIFE | 1430.5 | 1480 |
| SBIN | 688.8 | 720 |
| SHREECEM | 27284 | 27250 |
| SHRIRAMFIN | 617.3 | 610 |
| SIEMENS | 4623.5 | 4800 |
| SJVN | 84.11 | 87.5 |
| SOLARINDS | 8710.6 | 9000 |
| SONACOMS | 493.9 | 500 |
| SRF | 2795.4 | 2800 |
| SUNPHARMA | 1593.25 | 1640 |
| SUPREMEIND | 3329 | 3500 |
| SYNGENE | 652.4 | 700 |
| TATACHEM | 777.35 | 840 |
| TATACOMM | 1352.5 | 1400 |
| TATACONSUM | 963.7 | 1000 |
| TATAELXSI | 5411.1 | 5500 |
| TATAMOTORS | 620.65 | 660 |
| TATAPOWER | 339.2 | 360 |
| TATASTEEL | 137.2 | 140 |
| TCS | 3483.25 | 3650 |
| TECHM | 1487.85 | 1560 |
| TIINDIA | 2462.15 | 2600 |
| TITAN | 3077.25 | 3200 |
| TORNTPHARM | 2948.1 | 3000 |
| TORNTPOWER | 1262.95 | 1300 |
| TRENT | 4851.55 | 5000 |
| TVSMOTOR | 2225.5 | 2320 |
| ULTRACEMCO | 10128.45 | 10500 |
| UNIONBANK | 112.1 | 115 |
| UNITDSPR | 1284.45 | 1300 |
| UPL | 632.95 | 640 |
| USDINR | 0 | 77.25 |
| VBL | 436.05 | 470 |
| VEDL | 394.75 | 430 |
| VOLTAS | 1320.1 | 1300 |
| WIPRO | 277.65 | 290 |
| YESBANK | 16.75 | 18 |
| ZOMATO | 222.1 | 230 |
| ZYDUSLIFE | 876.6 | 900 |
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.
