[--[65.84.65.76]--]

CONCOR

Container Corp Of Ind Ltd
498.25 -1.35 (-0.27%)
L: 497.5 H: 502.2
Max Pain - CONCOR
17 Dec 2025 10:26 AM IST
Live


Strike  440  has a total call value of 0  versus a total put value of  74,477,500,000 Combined total value = 74,477,500,000

Strike  445  has a total call value of 0  versus a total put value of  69,628,125,000 Combined total value = 69,628,125,000

Strike  450  has a total call value of 0  versus a total put value of  64,778,750,000 Combined total value = 64,778,750,000

Strike  455  has a total call value of 0  versus a total put value of  60,026,250,000 Combined total value = 60,026,250,000

Strike  460  has a total call value of 0  versus a total put value of  55,285,625,000 Combined total value = 55,285,625,000

Strike  465  has a total call value of 1,875,000  versus a total put value of  50,784,375,000 Combined total value = 50,786,250,000

Strike  470  has a total call value of 4,375,000  versus a total put value of  46,373,125,000 Combined total value = 46,377,500,000

Strike  475  has a total call value of 35,625,000  versus a total put value of  42,045,000,000 Combined total value = 42,080,625,000

Strike  480  has a total call value of 71,875,000  versus a total put value of  37,809,375,000 Combined total value = 37,881,250,000

Strike  485  has a total call value of 188,125,000  versus a total put value of  33,835,625,000 Combined total value = 34,023,750,000

Strike  490  has a total call value of 311,250,000  versus a total put value of  29,935,625,000 Combined total value = 30,246,875,000

Strike  495  has a total call value of 450,000,000  versus a total put value of  26,243,750,000 Combined total value = 26,693,750,000

Strike  500  has a total call value of 630,625,000  versus a total put value of  22,656,875,000 Combined total value = 23,287,500,000

Strike  505  has a total call value of 1,391,250,000  versus a total put value of  19,833,125,000 Combined total value = 21,224,375,000

Strike  510  has a total call value of 2,386,250,000  versus a total put value of  17,165,000,000 Combined total value = 19,551,250,000

Strike  515  has a total call value of 3,961,250,000  versus a total put value of  14,813,750,000 Combined total value = 18,775,000,000

Strike  520  has a total call value of 5,781,250,000  versus a total put value of  12,686,875,000 Combined total value = 18,468,125,000

Strike  525  has a total call value of 8,766,250,000  versus a total put value of  11,152,500,000 Combined total value = 19,918,750,000

Strike  530  has a total call value of 11,938,125,000  versus a total put value of  9,690,000,000 Combined total value = 21,628,125,000

Strike  535  has a total call value of 15,799,375,000  versus a total put value of  8,448,750,000 Combined total value = 24,248,125,000

Strike  540  has a total call value of 19,770,000,000  versus a total put value of  7,235,625,000 Combined total value = 27,005,625,000

Strike  545  has a total call value of 24,287,500,000  versus a total put value of  6,393,750,000 Combined total value = 30,681,250,000

Strike  550  has a total call value of 28,930,000,000  versus a total put value of  5,660,000,000 Combined total value = 34,590,000,000

Strike  555  has a total call value of 34,150,625,000  versus a total put value of  5,059,375,000 Combined total value = 39,210,000,000

Strike  560  has a total call value of 39,413,125,000  versus a total put value of  4,466,875,000 Combined total value = 43,880,000,000

Strike  565  has a total call value of 44,858,125,000  versus a total put value of  3,948,750,000 Combined total value = 48,806,875,000

Strike  570  has a total call value of 50,331,250,000  versus a total put value of  3,433,750,000 Combined total value = 53,765,000,000

Strike  575  has a total call value of 55,946,875,000  versus a total put value of  2,951,250,000 Combined total value = 58,898,125,000

Strike  580  has a total call value of 61,596,875,000  versus a total put value of  2,468,750,000 Combined total value = 64,065,625,000

Strike  585  has a total call value of 67,458,125,000  versus a total put value of  2,050,625,000 Combined total value = 69,508,750,000

Strike  590  has a total call value of 73,340,000,000  versus a total put value of  1,632,500,000 Combined total value = 74,972,500,000

Strike  595  has a total call value of 79,302,500,000  versus a total put value of  1,223,125,000 Combined total value = 80,525,625,000

Strike  600  has a total call value of 85,294,375,000  versus a total put value of  813,750,000 Combined total value = 86,108,125,000

Strike  605  has a total call value of 91,573,125,000  versus a total put value of  609,375,000 Combined total value = 92,182,500,000

Strike  610  has a total call value of 97,869,375,000  versus a total put value of  405,000,000 Combined total value = 98,274,375,000

Strike  615  has a total call value of 104,189,375,000  versus a total put value of  202,500,000 Combined total value = 104,391,875,000

Strike  620  has a total call value of 110,509,375,000  versus a total put value of  0 Combined total value = 110,509,375,000

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1149.2 1140
ABB 5220.5 5200
ABCAPITAL 348.35 350
ADANIENSOL 986.4 990
ADANIENT 2227.2 2300
ADANIGREEN 1020.2 1020
ADANIPORTS 1488.2 1500
ALKEM 5652 5700
AMBER 6701.5 6800
AMBUJACEM 547.1 555
ANGELONE 2516.1 2600
APLAPOLLO 1723.6 1740
APOLLOHOSP 7009.5 7200
ASHOKLEY 165.78 160
ASIANPAINT 2801.5 2800
ASTRAL 1439.5 1460
AUBANK 990.85 960
AUROPHARMA 1183.2 1200
AXISBANK 1229.7 1240
BAJAJ-AUTO 8940.5 9000
BAJAJFINSV 2029.9 2060
BAJFINANCE 1001.2 1020
BANDHANBNK 149.16 150
BANKBARODA 285.5 290
BANKINDIA 141.35 143
BDL 1332.9 1400
BEL 385.5 400
BHARATFORG 1400.9 1400
BHARTIARTL 2099.7 2100
BHEL 277.1 280
BIOCON 385.4 390
BLUESTARCO 1815 1780
BOSCHLTD 36245 36500
BPCL 368.4 365
BRITANNIA 6096.5 6000
BSE 2641.6 2700
CAMS 749 780
CANBK 150.15 150
CDSL 1483.9 1560
CGPOWER 679.5 680
CHOLAFIN 1713.4 1700
CIPLA 1494.2 1520
COALINDIA 383.25 384.75
COFORGE 1867.9 1840
COLPAL 2124.7 2180
CONCOR 498.25 520
CROMPTON 251.5 265
CUMMINSIND 4505.1 4500
CYIENT 1133.8 1160
DABUR 497.5 505
DALBHARAT 2051.4 2040
DELHIVERY 402.35 410
DIVISLAB 6364.5 6400
DIXON 13280 13750
DLF 686.5 710
DMART 3830 3900
DRREDDY 1271.6 1270
EICHERMOT 7151 7100
ETERNAL 285.2 295
EXIDEIND 361.7 375
FEDERALBNK 263.55 260
FORTIS 875.1 890
GAIL 169.1 175
GLENMARK 1957.7 1940
GMRAIRPORT 102.55 102
GODREJCP 1186 1160
GODREJPROP 2027.5 2080
GRASIM 2786.2 2800
HAL 4218.4 4450
HAVELLS 1396.6 1440
HCLTECH 1655 1660
HDFCAMC 2575.6 2620
HDFCBANK 986.5 1000
HDFCLIFE 753.2 770
HEROMOTOCO 5870.5 6000
HFCL 64.65 68
HINDALCO 843.25 820
HINDPETRO 466.2 460
HINDUNILVR 2281.1 2300
HINDZINC 584.25 550
HUDCO 209.3 220
ICICIBANK 1343.4 1370
ICICIGI 1941.9 1980
ICICIPRULI 633.25 630
IDEA 11.26 11
IDFCFIRSTB 83.37 82
IEX 140.66 145
IIFL 566.4 560
INDHOTEL 724.1 740
INDIANB 774.55 820
INDIGO 4957.5 5000
INDUSINDBK 836.4 850
INDUSTOWER 405.8 410
INFY 1596 1600
INOXWIND 126.33 130
IOC 167.86 166
IRCTC 667.2 690
IREDA 132.8 140
IRFC 111.39 116
ITC 402.4 405
JINDALSTEL 1007.8 1020
JIOFIN 293.8 305
JSWENERGY 478.7 490
JSWSTEEL 1085.3 1130
JUBLFOOD 556.35 580
KALYANKJIL 476.85 480
KAYNES 4166 4400
KEI 4087.6 4100
KFINTECH 1028.6 1060
KOTAKBANK 2175.8 2160
KPITTECH 1166.4 1200
LAURUSLABS 1014 1000
LICHSGFIN 525.85 550
LICI 855.65 880
LODHA 1074.1 1100
LT 4046.8 4040
LTF 301.8 302.5
LTIM 6229 6200
LUPIN 2114.2 2080
M&M 3612.3 3700
MANAPPURAM 284.8 280
MANKIND 2100.7 2200
MARICO 736.95 740
MARUTI 16417 16300
MAXHEALTH 1055.6 1100
MAZDOCK 2376 2550
MCX 10122 10100
MFSL 1658 1700
MOTHERSON 119.7 116
MPHASIS 2861 2900
MUTHOOTFIN 3826.1 3800
NATIONALUM 278.8 270
NAUKRI 1350 1360
NBCC 110.61 112
NCC 156.66 167.5
NESTLEIND 1237 1240
NHPC 75.3 78
NMDC 77.55 77
NTPC 321.4 325
NUVAMA 7201 7200
NYKAA 245.55 255
OBEROIRLTY 1627.9 1640
OFSS 7788 8000
OIL 402 410
ONGC 231.58 239
PAGEIND 36145 37000
PATANJALI 533.75 540
PAYTM 1273.5 1300
PERSISTENT 6289.5 6300
PETRONET 267.2 278
PFC 336.6 355
PGEL 566.35 560
PHOENIXLTD 1787.5 1740
PIDILITIND 1459 1480
PIIND 3222.4 3350
PNB 118.44 120
PNBHOUSING 908.3 910
POLICYBZR 1781.1 1840
POLYCAB 7084.5 7200
POWERGRID 261.15 270
POWERINDIA 19335 19500
PPLPHARMA 169.04 180
PRESTIGE 1607.4 1660
RBLBANK 296.85 310
RECLTD 335 350
RELIANCE 1541.2 1540
RVNL 307.7 315
SAIL 129.63 133
SAMMAANCAP 145.14 155
SBICARD 838.35 870
SBILIFE 2006 2020
SBIN 975.75 970
SHREECEM 26115 26500
SHRIRAMFIN 861.3 850
SIEMENS 3143.5 3200
SOLARINDS 11931 12500
SONACOMS 486.2 500
SRF 3010.8 2950
SUNPHARMA 1774.5 1800
SUPREMEIND 3361.1 3400
SUZLON 52.36 54
SYNGENE 647.75 650
TATACONSUM 1179.1 1170
TATAELXSI 4990 5100
TATAMOTORS 0 320
TATAPOWER 380.7 390
TATASTEEL 170.72 170
TATATECH 647.6 670
TCS 3221.4 3200
TECHM 1577.4 1540
TIINDIA 2620.4 2700
TITAGARH 780.8 800
TITAN 3929.2 3880
TMPV 347.2 360
TORNTPHARM 3742.1 3750
TORNTPOWER 1291.8 1300
TRENT 4074.2 4200
TVSMOTOR 3641.8 3600
ULTRACEMCO 11530 11700
UNIONBANK 153.22 155
UNITDSPR 1446.2 1440
UNOMINDA 1252.8 1280
UPL 748.05 750
VBL 474.45 470
VEDL 571.15 550
VOLTAS 1389.2 1380
WIPRO 260.3 255
YESBANK 21.54 22
ZYDUSLIFE 916.65 930

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.