COFORGE
Coforge Limited
Max pain for COFORGE
13 Dec 2024 04:10 PM IST
Max Pain for COFORGE is 9000
Strike 6000 has a total call value of 0 versus a total put value of 396,498,000,000 Combined total value = 396,498,000,000
Strike 6100 has a total call value of 0 versus a total put value of 381,267,000,000 Combined total value = 381,267,000,000
Strike 6200 has a total call value of 0 versus a total put value of 366,036,000,000 Combined total value = 366,036,000,000
Strike 6300 has a total call value of 0 versus a total put value of 350,805,000,000 Combined total value = 350,805,000,000
Strike 6400 has a total call value of 0 versus a total put value of 335,574,000,000 Combined total value = 335,574,000,000
Strike 6500 has a total call value of 0 versus a total put value of 320,343,000,000 Combined total value = 320,343,000,000
Strike 6600 has a total call value of 0 versus a total put value of 305,112,000,000 Combined total value = 305,112,000,000
Strike 6700 has a total call value of 0 versus a total put value of 289,881,000,000 Combined total value = 289,881,000,000
Strike 6800 has a total call value of 0 versus a total put value of 274,650,000,000 Combined total value = 274,650,000,000
Strike 6900 has a total call value of 0 versus a total put value of 259,419,000,000 Combined total value = 259,419,000,000
Strike 7000 has a total call value of 0 versus a total put value of 244,204,500,000 Combined total value = 244,204,500,000
Strike 7100 has a total call value of 36,750,000 versus a total put value of 229,179,750,000 Combined total value = 229,216,500,000
Strike 7200 has a total call value of 73,500,000 versus a total put value of 214,155,000,000 Combined total value = 214,228,500,000
Strike 7300 has a total call value of 110,250,000 versus a total put value of 199,177,500,000 Combined total value = 199,287,750,000
Strike 7400 has a total call value of 147,000,000 versus a total put value of 184,200,000,000 Combined total value = 184,347,000,000
Strike 7500 has a total call value of 183,750,000 versus a total put value of 169,254,000,000 Combined total value = 169,437,750,000
Strike 7600 has a total call value of 220,500,000 versus a total put value of 154,603,500,000 Combined total value = 154,824,000,000
Strike 7700 has a total call value of 257,250,000 versus a total put value of 139,953,000,000 Combined total value = 140,210,250,000
Strike 7800 has a total call value of 294,000,000 versus a total put value of 125,403,000,000 Combined total value = 125,697,000,000
Strike 7900 has a total call value of 396,750,000 versus a total put value of 111,135,000,000 Combined total value = 111,531,750,000
Strike 8000 has a total call value of 499,500,000 versus a total put value of 96,988,500,000 Combined total value = 97,488,000,000
Strike 8100 has a total call value of 784,500,000 versus a total put value of 84,082,500,000 Combined total value = 84,867,000,000
Strike 8200 has a total call value of 1,090,500,000 versus a total put value of 71,500,500,000 Combined total value = 72,591,000,000
Strike 8300 has a total call value of 1,544,250,000 versus a total put value of 59,553,000,000 Combined total value = 61,097,250,000
Strike 8400 has a total call value of 2,136,750,000 versus a total put value of 48,347,250,000 Combined total value = 50,484,000,000
Strike 8500 has a total call value of 2,916,750,000 versus a total put value of 37,963,500,000 Combined total value = 40,880,250,000
Strike 8600 has a total call value of 4,627,500,000 versus a total put value of 28,984,500,000 Combined total value = 33,612,000,000
Strike 8700 has a total call value of 6,824,250,000 versus a total put value of 21,496,500,000 Combined total value = 28,320,750,000
Strike 8800 has a total call value of 9,526,500,000 versus a total put value of 15,039,000,000 Combined total value = 24,565,500,000
Strike 8900 has a total call value of 12,998,250,000 versus a total put value of 9,801,000,000 Combined total value = 22,799,250,000
Strike 9000 has a total call value of 17,010,750,000 versus a total put value of 5,452,500,000 Combined total value = 22,463,250,000
Strike 9100 has a total call value of 22,443,000,000 versus a total put value of 3,066,000,000 Combined total value = 25,509,000,000
Strike 9200 has a total call value of 28,462,500,000 versus a total put value of 1,284,000,000 Combined total value = 29,746,500,000
Strike 9300 has a total call value of 36,105,000,000 versus a total put value of 510,750,000 Combined total value = 36,615,750,000
Strike 9400 has a total call value of 44,991,000,000 versus a total put value of 204,750,000 Combined total value = 45,195,750,000
Strike 9500 has a total call value of 54,925,500,000 versus a total put value of 29,250,000 Combined total value = 54,954,750,000
Strike 9600 has a total call value of 66,025,500,000 versus a total put value of 6,750,000 Combined total value = 66,032,250,000
Strike 9700 has a total call value of 78,622,500,000 versus a total put value of 0 Combined total value = 78,622,500,000
Strike 9800 has a total call value of 91,564,500,000 versus a total put value of 0 Combined total value = 91,564,500,000
Strike 9900 has a total call value of 106,300,500,000 versus a total put value of 0 Combined total value = 106,300,500,000
Strike 10000 has a total call value of 121,108,500,000 versus a total put value of 0 Combined total value = 121,108,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 437.2 | 450 |
| ABB | 7703.25 | 7500 |
| ABBOTINDIA | 28648.75 | 28000 |
| ABCAPITAL | 196.71 | 200 |
| ABFRL | 301.35 | 310 |
| ACC | 2248.05 | 2300 |
| ADANIENSOL | 832.4 | 800 |
| ADANIENT | 2527.55 | 2540 |
| ADANIGREEN | 1198.4 | 1200 |
| ADANIPORTS | 1259.95 | 1260 |
| ALKEM | 5372.55 | 5500 |
| AMBUJACEM | 572.75 | 560 |
| ANGELONE | 3388.9 | 3300 |
| APLAPOLLO | 1596.9 | 1600 |
| APOLLOHOSP | 7259.45 | 7200 |
| APOLLOTYRE | 547.8 | 530 |
| ASHOKLEY | 231.94 | 230 |
| ASIANPAINT | 2407.65 | 2460 |
| ASTRAL | 1834.2 | 1840 |
| ATGL | 717.85 | 720 |
| ATUL | 7211.3 | 7300 |
| AUBANK | 584.55 | 590 |
| AUROPHARMA | 1208.4 | 1240 |
| AXISBANK | 1148.15 | 1150 |
| BAJAJ-AUTO | 9021.4 | 9100 |
| BAJAJFINSV | 1679.7 | 1660 |
| BAJFINANCE | 7182.8 | 7000 |
| BALKRISIND | 2854.85 | 2800 |
| BANDHANBNK | 169.73 | 175 |
| BANKBARODA | 257.99 | 260 |
| BANKINDIA | 113.05 | 115 |
| BATAINDIA | 1432.45 | 1420 |
| BEL | 315.65 | 310 |
| BERGEPAINT | 475 | 480 |
| BHARATFORG | 1348.3 | 1360 |
| BHARTIARTL | 1681.75 | 1640 |
| BHEL | 242.75 | 250 |
| BIOCON | 352.8 | 365 |
| BOSCHLTD | 36469.6 | 35500 |
| BPCL | 301.7 | 300 |
| BRITANNIA | 4850.1 | 4900 |
| BSE | 5634.95 | 5200 |
| BSOFT | 603.35 | 600 |
| CAMS | 5186.85 | 5100 |
| CANBK | 106.58 | 106 |
| CANFINHOME | 803.1 | 820 |
| CDSL | 1943.5 | 1860 |
| CESC | 187.5 | 190 |
| CGPOWER | 769 | 770 |
| CHAMBLFERT | 527.85 | 520 |
| CHOLAFIN | 1304.85 | 1300 |
| CIPLA | 1447.3 | 1480 |
| COALINDIA | 410.3 | 419.25 |
| COFORGE | 9300.75 | 9000 |
| COLPAL | 2873 | 2900 |
| CONCOR | 825.55 | 840 |
| COROMANDEL | 1777.65 | 1780 |
| CROMPTON | 411.4 | 410 |
| CUB | 183.31 | 182.5 |
| CUMMINSIND | 3599.9 | 3500 |
| CYIENT | 2080.25 | 2000 |
| DABUR | 512.8 | 510 |
| DALBHARAT | 1921.6 | 1900 |
| DEEPAKNTR | 2679.85 | 2700 |
| DELHIVERY | 390.6 | 370 |
| DIVISLAB | 5876.7 | 6000 |
| DIXON | 17954.4 | 17000 |
| DLF | 870.85 | 850 |
| DMART | 3652.3 | 3700 |
| DRREDDY | 1246.35 | 1230 |
| EICHERMOT | 4825.9 | 4800 |
| ESCORTS | 3440.05 | 3500 |
| EXIDEIND | 455.15 | 460 |
| FEDERALBNK | 213.15 | 215 |
| GAIL | 204.9 | 205 |
| GLENMARK | 1518.15 | 1500 |
| GMRAIRPORT | 83.95 | 85 |
| GMRINFRA | 0 | 36 |
| GNFC | 619.35 | 620 |
| GODREJCP | 1111.45 | 1120 |
| GODREJPROP | 2926.95 | 2850 |
| GRANULES | 584.8 | 580 |
| GRASIM | 2692.7 | 2640 |
| GUJGASLTD | 508.3 | 490 |
| HAL | 4669.65 | 4600 |
| HAVELLS | 1757.85 | 1740 |
| HCLTECH | 1968.8 | 1920 |
| HDFCAMC | 4538.85 | 4400 |
| HDFCBANK | 1871.75 | 1820 |
| HDFCLIFE | 632.55 | 640 |
| HEROMOTOCO | 4575.45 | 4600 |
| HFCL | 125.23 | 130 |
| HINDALCO | 662.1 | 670 |
| HINDCOPPER | 291.95 | 290 |
| HINDPETRO | 415.05 | 400 |
| HINDUNILVR | 2390.1 | 2400 |
| HUDCO | 244.95 | 240 |
| ICICIBANK | 1344.9 | 1330 |
| ICICIGI | 1983.35 | 1940 |
| ICICIPRULI | 685.75 | 690 |
| IDEA | 7.99 | 8 |
| IDFCFIRSTB | 64.23 | 65 |
| IEX | 189.43 | 185 |
| IGL | 392.2 | 370 |
| INDHOTEL | 855.6 | 830 |
| INDIAMART | 2385.55 | 2400 |
| INDIANB | 572.85 | 580 |
| INDIGO | 4432.9 | 4400 |
| INDUSINDBK | 986.65 | 1000 |
| INDUSTOWER | 350 | 360 |
| INFY | 1999.7 | 1940 |
| IOC | 144.24 | 142.5 |
| IPCALAB | 1534.05 | 1540 |
| IRB | 59.11 | 58 |
| IRCTC | 835.45 | 840 |
| IRFC | 159.32 | 160 |
| ITC | 470 | 470 |
| JINDALSTEL | 998.75 | 980 |
| JIOFIN | 339.75 | 340 |
| JKCEMENT | 4749.1 | 4600 |
| JSL | 760.3 | 740 |
| JSWENERGY | 678.6 | 660 |
| JSWSTEEL | 999.85 | 1000 |
| JUBLFOOD | 681.3 | 680 |
| KALYANKJIL | 747.1 | 750 |
| KEI | 4448.35 | 4400 |
| KOTAKBANK | 1805.65 | 1800 |
| KPITTECH | 1533.1 | 1500 |
| LALPATHLAB | 3002 | 3100 |
| LAURUSLABS | 573.45 | 570 |
| LICHSGFIN | 624.35 | 640 |
| LICI | 931.9 | 950 |
| LODHA | 1418.05 | 1360 |
| LT | 3887 | 3800 |
| LTF | 146.61 | 145 |
| LTIM | 6714.45 | 6550 |
| LTTS | 5397 | 5400 |
| LUPIN | 2076.75 | 2080 |
| M&M | 3081.4 | 3050 |
| M&MFIN | 274.75 | 280 |
| MANAPPURAM | 182.06 | 175 |
| MARICO | 639.8 | 630 |
| MARUTI | 11272.55 | 11200 |
| MAXHEALTH | 1180.05 | 1120 |
| MCX | 6569.35 | 6500 |
| METROPOLIS | 2224 | 2200 |
| MFSL | 1127.85 | 1160 |
| MGL | 1297.4 | 1280 |
| MOTHERSON | 164.12 | 167.5 |
| MPHASIS | 3195.4 | 3100 |
| MRF | 133235.25 | 130000 |
| MUTHOOTFIN | 2092.85 | 2040 |
| NATIONALUM | 226.46 | 237.5 |
| NAUKRI | 8702.4 | 8500 |
| NAVINFLUOR | 3557.6 | 3600 |
| NCC | 302.7 | 310 |
| NESTLEIND | 2253.5 | 2260 |
| NHPC | 85.44 | 85 |
| NMDC | 233.73 | 235 |
| NTPC | 357.15 | 365 |
| NYKAA | 168.18 | 170 |
| OBEROIRLTY | 2117.7 | 2080 |
| OFSS | 12283.8 | 12250 |
| OIL | 454.35 | 470 |
| ONGC | 254.25 | 259 |
| PAGEIND | 48742.25 | 47500 |
| PAYTM | 984.25 | 960 |
| PEL | 1252.3 | 1200 |
| PERSISTENT | 6477.65 | 6300 |
| PETRONET | 340.5 | 340 |
| PFC | 504.25 | 500 |
| PIDILITIND | 3185.2 | 3140 |
| PIIND | 3997 | 4100 |
| PNB | 107.73 | 109 |
| POLICYBZR | 2104.05 | 2000 |
| POLYCAB | 7522.15 | 7300 |
| POONAWALLA | 349.95 | 350 |
| POWERGRID | 333.85 | 330 |
| PRESTIGE | 1754.65 | 1750 |
| PVRINOX | 1455.2 | 1560 |
| RAMCOCEM | 1040.7 | 1010 |
| RBLBANK | 173.25 | 165 |
| RECLTD | 556.95 | 550 |
| RELIANCE | 1272.85 | 1300 |
| SAIL | 124.76 | 125 |
| SBICARD | 725.45 | 720 |
| SBILIFE | 1428.8 | 1440 |
| SBIN | 861.55 | 850 |
| SHREECEM | 27591.45 | 27000 |
| SHRIRAMFIN | 3162.55 | 3200 |
| SIEMENS | 7884.85 | 7700 |
| SJVN | 118.06 | 120 |
| SONACOMS | 631.8 | 650 |
| SRF | 2296.7 | 2300 |
| SUNPHARMA | 1813.45 | 1800 |
| SUNTV | 722.95 | 740 |
| SUPREMEIND | 4803.8 | 4800 |
| SYNGENE | 868 | 890 |
| TATACHEM | 1093.55 | 1120 |
| TATACOMM | 1840.95 | 1800 |
| TATACONSUM | 929.7 | 940 |
| TATAELXSI | 7364.4 | 7300 |
| TATAMOTORS | 790.3 | 800 |
| TATAPOWER | 428.45 | 430 |
| TATASTEEL | 148.95 | 150 |
| TCS | 4473.9 | 4400 |
| TECHM | 1796.4 | 1760 |
| TIINDIA | 3653.65 | 3700 |
| TITAN | 3508.85 | 3400 |
| TORNTPHARM | 3345.85 | 3350 |
| TRENT | 7000.25 | 6900 |
| TVSMOTOR | 2521.9 | 2500 |
| UBL | 1992.4 | 1980 |
| ULTRACEMCO | 12083.9 | 11700 |
| UNIONBANK | 127.25 | 125 |
| UNITDSPR | 1512.05 | 1520 |
| UPL | 550.25 | 550 |
| VBL | 645.65 | 640 |
| VEDL | 519.5 | 500 |
| VOLTAS | 1807.5 | 1760 |
| WIPRO | 309.95 | 300 |
| YESBANK | 21.09 | 21 |
| ZOMATO | 288.25 | 280 |
| ZYDUSLIFE | 978.5 | 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.
