COFORGE
Coforge Limited
Max pain for COFORGE
26 Dec 2024 04:10 PM IST
Max Pain for COFORGE is 9400
Strike 7600 has a total call value of 0 versus a total put value of 44,039,250,000 Combined total value = 44,039,250,000
Strike 7700 has a total call value of 750,000 versus a total put value of 40,747,500,000 Combined total value = 40,748,250,000
Strike 7800 has a total call value of 1,500,000 versus a total put value of 37,455,750,000 Combined total value = 37,457,250,000
Strike 7900 has a total call value of 10,500,000 versus a total put value of 34,186,500,000 Combined total value = 34,197,000,000
Strike 8000 has a total call value of 19,500,000 versus a total put value of 30,917,250,000 Combined total value = 30,936,750,000
Strike 8100 has a total call value of 90,750,000 versus a total put value of 27,928,500,000 Combined total value = 28,019,250,000
Strike 8200 has a total call value of 162,000,000 versus a total put value of 24,953,250,000 Combined total value = 25,115,250,000
Strike 8300 has a total call value of 295,500,000 versus a total put value of 22,115,250,000 Combined total value = 22,410,750,000
Strike 8400 has a total call value of 429,000,000 versus a total put value of 19,287,000,000 Combined total value = 19,716,000,000
Strike 8500 has a total call value of 565,500,000 versus a total put value of 16,569,000,000 Combined total value = 17,134,500,000
Strike 8600 has a total call value of 784,500,000 versus a total put value of 14,166,750,000 Combined total value = 14,951,250,000
Strike 8700 has a total call value of 1,005,000,000 versus a total put value of 11,853,000,000 Combined total value = 12,858,000,000
Strike 8800 has a total call value of 1,225,500,000 versus a total put value of 9,749,250,000 Combined total value = 10,974,750,000
Strike 8900 has a total call value of 1,451,250,000 versus a total put value of 7,743,000,000 Combined total value = 9,194,250,000
Strike 9000 has a total call value of 1,686,000,000 versus a total put value of 5,806,500,000 Combined total value = 7,492,500,000
Strike 9100 has a total call value of 2,046,750,000 versus a total put value of 4,505,250,000 Combined total value = 6,552,000,000
Strike 9200 has a total call value of 2,415,000,000 versus a total put value of 3,265,500,000 Combined total value = 5,680,500,000
Strike 9300 has a total call value of 2,891,250,000 versus a total put value of 2,257,500,000 Combined total value = 5,148,750,000
Strike 9400 has a total call value of 3,484,500,000 versus a total put value of 1,442,250,000 Combined total value = 4,926,750,000
Strike 9500 has a total call value of 4,368,000,000 versus a total put value of 840,750,000 Combined total value = 5,208,750,000
Strike 9600 has a total call value of 5,799,000,000 versus a total put value of 576,750,000 Combined total value = 6,375,750,000
Strike 9700 has a total call value of 7,674,750,000 versus a total put value of 387,000,000 Combined total value = 8,061,750,000
Strike 9800 has a total call value of 9,750,000,000 versus a total put value of 246,000,000 Combined total value = 9,996,000,000
Strike 9900 has a total call value of 12,709,500,000 versus a total put value of 121,500,000 Combined total value = 12,831,000,000
Strike 10000 has a total call value of 15,834,000,000 versus a total put value of 6,000,000 Combined total value = 15,840,000,000
Strike 10100 has a total call value of 19,676,250,000 versus a total put value of 4,500,000 Combined total value = 19,680,750,000
Strike 10200 has a total call value of 23,556,750,000 versus a total put value of 3,000,000 Combined total value = 23,559,750,000
Strike 10300 has a total call value of 27,619,500,000 versus a total put value of 1,500,000 Combined total value = 27,621,000,000
Strike 10400 has a total call value of 31,710,750,000 versus a total put value of 0 Combined total value = 31,710,750,000
Strike 10500 has a total call value of 36,219,000,000 versus a total put value of 0 Combined total value = 36,219,000,000
Strike 10600 has a total call value of 40,727,250,000 versus a total put value of 0 Combined total value = 40,727,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 413.25 | 430 |
| ABB | 6945.3 | 7100 |
| ABBOTINDIA | 28597 | 28000 |
| ABCAPITAL | 184.35 | 200 |
| ABFRL | 282.3 | 300 |
| ACC | 2087.65 | 2400 |
| ADANIENSOL | 792.3 | 800 |
| ADANIENT | 2400.25 | 2800 |
| ADANIGREEN | 1064.25 | 1080 |
| ADANIPORTS | 1243.95 | 1220 |
| ALKEM | 5408.6 | 5500 |
| AMBUJACEM | 548.8 | 600 |
| ANGELONE | 2903.95 | 2950 |
| APLAPOLLO | 1497.2 | 1500 |
| APOLLOHOSP | 7261.15 | 7300 |
| APOLLOTYRE | 542.25 | 530 |
| ASHOKLEY | 220.14 | 225 |
| ASIANPAINT | 2262.4 | 2320 |
| ASTRAL | 1671.5 | 1800 |
| ATGL | 672 | 700 |
| ATUL | 7097.35 | 7200 |
| AUBANK | 548.3 | 560 |
| AUROPHARMA | 1256.25 | 1260 |
| AXISBANK | 1076.7 | 1100 |
| BAJAJ-AUTO | 8878.5 | 9000 |
| BAJAJFINSV | 1559.3 | 1600 |
| BAJFINANCE | 6815.75 | 7000 |
| BALKRISIND | 2824.7 | 2850 |
| BANDHANBNK | 161.47 | 170 |
| BANKBARODA | 246.68 | 255 |
| BANKINDIA | 103.17 | 105 |
| BATAINDIA | 1350.45 | 1400 |
| BEL | 295.2 | 300 |
| BERGEPAINT | 441 | 450 |
| BHARATFORG | 1314.25 | 1340 |
| BHARTIARTL | 1599.5 | 1600 |
| BHEL | 241.75 | 250 |
| BIOCON | 346.45 | 345 |
| BOSCHLTD | 34190.1 | 35000 |
| BPCL | 295.6 | 300 |
| BRITANNIA | 4761.65 | 4800 |
| BSE | 5442.35 | 5400 |
| BSOFT | 570.25 | 600 |
| CAMS | 4964 | 5000 |
| CANBK | 101.03 | 104 |
| CANFINHOME | 723.95 | 760 |
| CDSL | 1806.65 | 1860 |
| CESC | 184.82 | 185 |
| CGPOWER | 743.75 | 730 |
| CHAMBLFERT | 500.4 | 500 |
| CHOLAFIN | 1189.35 | 1200 |
| CIPLA | 1490.55 | 1500 |
| COALINDIA | 386.6 | 405 |
| COFORGE | 9493.25 | 9400 |
| COLPAL | 2719.2 | 2800 |
| CONCOR | 776.35 | 830 |
| COROMANDEL | 1845.05 | 1840 |
| CROMPTON | 393.6 | 400 |
| CUB | 173.54 | 177.5 |
| CUMMINSIND | 3364.25 | 3300 |
| CYIENT | 1928.35 | 1900 |
| DABUR | 505.6 | 510 |
| DALBHARAT | 1738.55 | 1800 |
| DEEPAKNTR | 2571.25 | 2700 |
| DELHIVERY | 350.95 | 350 |
| DIVISLAB | 5886.75 | 5800 |
| DIXON | 18038.15 | 18000 |
| DLF | 838.7 | 850 |
| DMART | 3511.65 | 3500 |
| DRREDDY | 1355.15 | 1350 |
| EICHERMOT | 4801.35 | 4800 |
| ESCORTS | 3151.1 | 3300 |
| EXIDEIND | 418.3 | 440 |
| FEDERALBNK | 197.68 | 200 |
| GAIL | 197.63 | 200 |
| GLENMARK | 1541.45 | 1540 |
| GMRAIRPORT | 79.04 | 84 |
| GMRINFRA | 0 | 32 |
| GNFC | 575.5 | 600 |
| GODREJCP | 1071.2 | 1100 |
| GODREJPROP | 2855.75 | 2900 |
| GRANULES | 592.95 | 590 |
| GRASIM | 2482.05 | 2600 |
| GUJGASLTD | 509 | 510 |
| HAL | 4229.2 | 4400 |
| HAVELLS | 1676.4 | 1700 |
| HCLTECH | 1900.75 | 1900 |
| HDFCAMC | 4269.45 | 4300 |
| HDFCBANK | 1790.75 | 1800 |
| HDFCLIFE | 626.4 | 630 |
| HEROMOTOCO | 4275 | 4400 |
| HFCL | 114.67 | 115 |
| HINDALCO | 628.75 | 640 |
| HINDCOPPER | 263.2 | 270 |
| HINDPETRO | 419.3 | 410 |
| HINDUNILVR | 2332.75 | 2400 |
| HUDCO | 227.58 | 240 |
| ICICIBANK | 1297.35 | 1300 |
| ICICIGI | 1861.15 | 2000 |
| ICICIPRULI | 668.1 | 660 |
| IDEA | 7.56 | 8 |
| IDFCFIRSTB | 61.75 | 65 |
| IEX | 180.17 | 185 |
| IGL | 390.5 | 390 |
| INDHOTEL | 868.3 | 860 |
| INDIAMART | 2231.5 | 2300 |
| INDIANB | 543.8 | 550 |
| INDIGO | 4725 | 4600 |
| INDUSINDBK | 931.95 | 980 |
| INDUSTOWER | 332.35 | 350 |
| INFY | 1907.4 | 1940 |
| IOC | 137.85 | 145 |
| IPCALAB | 1594.4 | 1600 |
| IRB | 55.87 | 55 |
| IRCTC | 782.4 | 820 |
| IRFC | 146.89 | 145 |
| ITC | 476.95 | 480 |
| JINDALSTEL | 941.35 | 950 |
| JIOFIN | 305.55 | 320 |
| JKCEMENT | 4595 | 4500 |
| JSL | 733.85 | 740 |
| JSWENERGY | 636.5 | 650 |
| JSWSTEEL | 914.45 | 940 |
| JUBLFOOD | 703.9 | 700 |
| KALYANKJIL | 726.45 | 720 |
| KEI | 4320.25 | 4300 |
| KOTAKBANK | 1752.8 | 1800 |
| KPITTECH | 1452.2 | 1420 |
| LALPATHLAB | 2954.55 | 3000 |
| LAURUSLABS | 570.6 | 570 |
| LICHSGFIN | 588.2 | 610 |
| LICI | 891.9 | 920 |
| LODHA | 1414.05 | 1400 |
| LT | 3629.5 | 3700 |
| LTF | 136.82 | 140 |
| LTIM | 5752.35 | 5900 |
| LTTS | 4668.05 | 4800 |
| LUPIN | 2182.1 | 2180 |
| M&M | 2975.65 | 3000 |
| M&MFIN | 265.6 | 275 |
| MANAPPURAM | 184.29 | 180 |
| MARICO | 632.6 | 630 |
| MARUTI | 10896 | 11000 |
| MAXHEALTH | 1155.7 | 1100 |
| MCX | 6352.65 | 6400 |
| METROPOLIS | 2028.1 | 2100 |
| MFSL | 1114.2 | 1120 |
| MGL | 1238.95 | 1260 |
| MOTHERSON | 156.4 | 162.5 |
| MPHASIS | 2908.45 | 3000 |
| MRF | 131204.2 | 130000 |
| MUTHOOTFIN | 2062.5 | 2040 |
| NATIONALUM | 217.07 | 220 |
| NAUKRI | 8667.5 | 8600 |
| NAVINFLUOR | 3326.3 | 3500 |
| NCC | 284.5 | 300 |
| NESTLEIND | 2149.9 | 2200 |
| NHPC | 82.04 | 85 |
| NMDC | 214.45 | 230 |
| NTPC | 334.65 | 350 |
| NYKAA | 160.85 | 160 |
| OBEROIRLTY | 2322.65 | 2300 |
| OFSS | 12279.6 | 12250 |
| OIL | 427.05 | 440 |
| ONGC | 240.25 | 250 |
| PAGEIND | 47083.35 | 48000 |
| PAYTM | 1002.35 | 980 |
| PEL | 1098.45 | 1100 |
| PERSISTENT | 6395.8 | 6300 |
| PETRONET | 344.75 | 340 |
| PFC | 463.25 | 470 |
| PIDILITIND | 2932.45 | 3000 |
| PIIND | 3746 | 3800 |
| PNB | 102.16 | 105 |
| POLICYBZR | 2037.2 | 2050 |
| POLYCAB | 7144.6 | 7200 |
| POONAWALLA | 320.45 | 320 |
| POWERGRID | 310.3 | 320 |
| PRESTIGE | 1751.8 | 1750 |
| PVRINOX | 1336.85 | 1380 |
| RAMCOCEM | 976.55 | 1000 |
| RBLBANK | 162.41 | 160 |
| RECLTD | 519.1 | 520 |
| RELIANCE | 1216.55 | 1270 |
| SAIL | 117.59 | 125 |
| SBICARD | 679.2 | 700 |
| SBILIFE | 1409.05 | 1420 |
| SBIN | 812.45 | 830 |
| SHREECEM | 26342.7 | 26000 |
| SHRIRAMFIN | 2926.9 | 3000 |
| SIEMENS | 6705.55 | 6800 |
| SJVN | 108.87 | 115 |
| SONACOMS | 593.55 | 600 |
| SRF | 2262.15 | 2300 |
| SUNPHARMA | 1841.35 | 1820 |
| SUNTV | 686.45 | 720 |
| SUPREMEIND | 4756.55 | 5000 |
| SYNGENE | 846.6 | 850 |
| TATACHEM | 1057.65 | 1080 |
| TATACOMM | 1733.35 | 1760 |
| TATACONSUM | 900.95 | 920 |
| TATAELXSI | 6896.2 | 7000 |
| TATAMOTORS | 740.8 | 760 |
| TATAPOWER | 404.3 | 420 |
| TATASTEEL | 140.36 | 147.5 |
| TCS | 4169.1 | 4250 |
| TECHM | 1698.7 | 1720 |
| TIINDIA | 3636.9 | 3600 |
| TITAN | 3323.05 | 3400 |
| TORNTPHARM | 3421.35 | 3400 |
| TRENT | 7063.7 | 7000 |
| TVSMOTOR | 2438.55 | 2500 |
| UBL | 2015.1 | 2000 |
| ULTRACEMCO | 11460.65 | 11500 |
| UNIONBANK | 119.05 | 120 |
| UNITDSPR | 1566.95 | 1560 |
| UPL | 499.65 | 520 |
| VBL | 624.1 | 630 |
| VEDL | 460.45 | 480 |
| VOLTAS | 1711.3 | 1740 |
| WIPRO | 305.05 | 300 |
| YESBANK | 19.8 | 20 |
| ZOMATO | 273.2 | 250 |
| ZYDUSLIFE | 957.65 | 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.
