[--[65.84.65.76]--]

CONCOR

Container Corp Of Ind Ltd
502.35 -0.40 (-0.08%)
L: 499.75 H: 503.4
Max Pain - CONCOR
16 Dec 2025 11:56 AM IST
Live


Strike  440  has a total call value of 0  versus a total put value of  74,329,375,000 Combined total value = 74,329,375,000

Strike  445  has a total call value of 0  versus a total put value of  69,502,500,000 Combined total value = 69,502,500,000

Strike  450  has a total call value of 0  versus a total put value of  64,675,625,000 Combined total value = 64,675,625,000

Strike  455  has a total call value of 0  versus a total put value of  59,945,000,000 Combined total value = 59,945,000,000

Strike  460  has a total call value of 0  versus a total put value of  55,226,250,000 Combined total value = 55,226,250,000

Strike  465  has a total call value of 1,875,000  versus a total put value of  50,746,875,000 Combined total value = 50,748,750,000

Strike  470  has a total call value of 4,375,000  versus a total put value of  46,360,000,000 Combined total value = 46,364,375,000

Strike  475  has a total call value of 35,625,000  versus a total put value of  42,050,625,000 Combined total value = 42,086,250,000

Strike  480  has a total call value of 71,875,000  versus a total put value of  37,838,750,000 Combined total value = 37,910,625,000

Strike  485  has a total call value of 190,000,000  versus a total put value of  33,901,250,000 Combined total value = 34,091,250,000

Strike  490  has a total call value of 315,000,000  versus a total put value of  30,030,625,000 Combined total value = 30,345,625,000

Strike  495  has a total call value of 455,625,000  versus a total put value of  26,358,125,000 Combined total value = 26,813,750,000

Strike  500  has a total call value of 630,625,000  versus a total put value of  22,766,250,000 Combined total value = 23,396,875,000

Strike  505  has a total call value of 1,250,000,000  versus a total put value of  19,907,500,000 Combined total value = 21,157,500,000

Strike  510  has a total call value of 2,081,875,000  versus a total put value of  17,225,625,000 Combined total value = 19,307,500,000

Strike  515  has a total call value of 3,505,000,000  versus a total put value of  14,857,500,000 Combined total value = 18,362,500,000

Strike  520  has a total call value of 5,171,250,000  versus a total put value of  12,711,250,000 Combined total value = 17,882,500,000

Strike  525  has a total call value of 8,002,500,000  versus a total put value of  11,156,875,000 Combined total value = 19,159,375,000

Strike  530  has a total call value of 11,035,625,000  versus a total put value of  9,693,125,000 Combined total value = 20,728,750,000

Strike  535  has a total call value of 14,723,125,000  versus a total put value of  8,451,250,000 Combined total value = 23,174,375,000

Strike  540  has a total call value of 18,534,375,000  versus a total put value of  7,237,500,000 Combined total value = 25,771,875,000

Strike  545  has a total call value of 22,903,750,000  versus a total put value of  6,395,625,000 Combined total value = 29,299,375,000

Strike  550  has a total call value of 27,397,500,000  versus a total put value of  5,661,250,000 Combined total value = 33,058,750,000

Strike  555  has a total call value of 32,439,375,000  versus a total put value of  5,060,000,000 Combined total value = 37,499,375,000

Strike  560  has a total call value of 37,526,875,000  versus a total put value of  4,466,875,000 Combined total value = 41,993,750,000

Strike  565  has a total call value of 42,801,875,000  versus a total put value of  3,948,750,000 Combined total value = 46,750,625,000

Strike  570  has a total call value of 48,105,625,000  versus a total put value of  3,433,750,000 Combined total value = 51,539,375,000

Strike  575  has a total call value of 53,552,500,000  versus a total put value of  2,951,250,000 Combined total value = 56,503,750,000

Strike  580  has a total call value of 59,033,750,000  versus a total put value of  2,468,750,000 Combined total value = 61,502,500,000

Strike  585  has a total call value of 64,733,750,000  versus a total put value of  2,050,625,000 Combined total value = 66,784,375,000

Strike  590  has a total call value of 70,454,375,000  versus a total put value of  1,632,500,000 Combined total value = 72,086,875,000

Strike  595  has a total call value of 76,255,625,000  versus a total put value of  1,223,125,000 Combined total value = 77,478,750,000

Strike  600  has a total call value of 82,086,250,000  versus a total put value of  813,750,000 Combined total value = 82,900,000,000

Strike  605  has a total call value of 88,223,125,000  versus a total put value of  609,375,000 Combined total value = 88,832,500,000

Strike  610  has a total call value of 94,377,500,000  versus a total put value of  405,000,000 Combined total value = 94,782,500,000

Strike  615  has a total call value of 100,555,625,000  versus a total put value of  202,500,000 Combined total value = 100,758,125,000

Strike  620  has a total call value of 106,733,750,000  versus a total put value of  0 Combined total value = 106,733,750,000

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1140.7 1140
ABB 5267.5 5200
ABCAPITAL 350.2 350
ADANIENSOL 1000.35 990
ADANIENT 2243.8 2300
ADANIGREEN 1027.4 1040
ADANIPORTS 1501.8 1500
ALKEM 5639 5700
AMBER 6793.5 6800
AMBUJACEM 546.5 550
ANGELONE 2553.5 2600
APLAPOLLO 1731 1740
APOLLOHOSP 7119 7200
ASHOKLEY 166.95 160
ASIANPAINT 2793.9 2800
ASTRAL 1459.8 1460
AUBANK 977.3 960
AUROPHARMA 1177 1200
AXISBANK 1233.3 1250
BAJAJ-AUTO 8962.5 9000
BAJAJFINSV 2048.3 2060
BAJFINANCE 1002.2 1020
BANDHANBNK 150.65 150
BANKBARODA 280.8 290
BANKINDIA 140.14 144
BDL 1367.1 1420
BEL 385.3 400
BHARATFORG 1400 1400
BHARTIARTL 2093 2100
BHEL 278.6 280
BIOCON 386.5 390
BLUESTARCO 1816 1780
BOSCHLTD 36025 36500
BPCL 362.6 365
BRITANNIA 6098.5 6000
BSE 2598 2700
CAMS 752.9 780
CANBK 146.91 148
CDSL 1504.3 1560
CGPOWER 665.45 680
CHOLAFIN 1719.8 1700
CIPLA 1503.7 1520
COALINDIA 378.8 384.75
COFORGE 1852.2 1840
COLPAL 2167 2180
CONCOR 502.35 520
CROMPTON 253.9 265
CUMMINSIND 4495.5 4500
CYIENT 1151.2 1160
DABUR 502.2 505
DALBHARAT 2066.9 2040
DELHIVERY 401.7 415
DIVISLAB 6301.5 6400
DIXON 13607 13750
DLF 690.8 720
DMART 3895.8 3900
DRREDDY 1276.2 1270
EICHERMOT 7077 7100
ETERNAL 284.65 295
EXIDEIND 368.2 375
FEDERALBNK 262.65 260
FORTIS 874.25 880
GAIL 168.41 175
GLENMARK 1971.6 1940
GMRAIRPORT 103.33 102
GODREJCP 1192.3 1180
GODREJPROP 2036 2080
GRASIM 2805 2800
HAL 4270.5 4500
HAVELLS 1423.9 1440
HCLTECH 1651.6 1660
HDFCAMC 2567.1 2625
HDFCBANK 993 1000
HDFCLIFE 774.75 770
HEROMOTOCO 5956 6050
HFCL 66.08 68
HINDALCO 834.45 820
HINDPETRO 462.7 460
HINDUNILVR 2294.3 2300
HINDZINC 565.85 540
HUDCO 211.55 220
ICICIBANK 1364.8 1380
ICICIGI 1960.4 1980
ICICIPRULI 647.45 630
IDEA 11.32 11
IDFCFIRSTB 83.54 82
IEX 140.91 145
IIFL 565.95 560
INDHOTEL 727.25 740
INDIANB 766.45 810
INDIGO 4976 5000
INDUSINDBK 843.45 850
INDUSTOWER 408.05 410
INFY 1589.1 1600
INOXWIND 125.76 130
IOC 166.93 165
IRCTC 670.5 690
IREDA 134.1 140
IRFC 112.5 117
ITC 403.15 405
JINDALSTEL 1014.4 1030
JIOFIN 294.95 305
JSWENERGY 478.3 490
JSWSTEEL 1095.8 1140
JUBLFOOD 566.75 590
KALYANKJIL 478.25 480
KAYNES 4209.5 4400
KEI 4144.9 4100
KFINTECH 1037.5 1060
KOTAKBANK 2188.2 2160
KPITTECH 1183.5 1200
LAURUSLABS 998.1 1000
LICHSGFIN 529.7 550
LICI 854.65 880
LODHA 1081.2 1120
LT 4059.7 4040
LTF 300.6 302.5
LTIM 6224.5 6150
LUPIN 2093.9 2080
M&M 3621.1 3650
MANAPPURAM 282.3 280
MANKIND 2129.1 2200
MARICO 742.2 740
MARUTI 16398 16200
MAXHEALTH 1082.8 1100
MAZDOCK 2424.6 2600
MCX 10176 10100
MFSL 1687.7 1700
MOTHERSON 119.79 116
MPHASIS 2862.9 2900
MUTHOOTFIN 3825.4 3750
NATIONALUM 274.6 270
NAUKRI 1346.5 1360
NBCC 112 113
NCC 158.86 170
NESTLEIND 1244.2 1240
NHPC 76.19 78
NMDC 77.07 77
NTPC 321.05 325
NUVAMA 7264.5 7200
NYKAA 246.9 255
OBEROIRLTY 1649.5 1660
OFSS 7830 8000
OIL 402.15 415
ONGC 232.6 240
PAGEIND 36510 37500
PATANJALI 532.5 545
PAYTM 1285.9 1300
PERSISTENT 6235 6300
PETRONET 266.75 280
PFC 336.8 360
PGEL 560.05 560
PHOENIXLTD 1780.1 1740
PIDILITIND 1480.8 1480
PIIND 3245.9 3350
PNB 117.21 120
PNBHOUSING 917.2 910
POLICYBZR 1828.5 1860
POLYCAB 7308 7300
POWERGRID 262.05 272.5
POWERINDIA 19330 19500
PPLPHARMA 169.39 180
PRESTIGE 1624.7 1660
RBLBANK 299.35 310
RECLTD 337.25 355
RELIANCE 1543.2 1540
RVNL 310.05 315
SAIL 129.01 133
SAMMAANCAP 147.83 155
SBICARD 851.15 870
SBILIFE 2044.2 2020
SBIN 963.25 970
SHREECEM 26205 26500
SHRIRAMFIN 850.65 850
SIEMENS 3136.1 3200
SOLARINDS 11999 12500
SONACOMS 486 500
SRF 3017.2 2950
SUNPHARMA 1787.3 1800
SUPREMEIND 3407.4 3400
SUZLON 52.64 54
SYNGENE 655 650
TATACONSUM 1171.6 1170
TATAELXSI 5007.5 5100
TATAMOTORS 0 320
TATAPOWER 379.95 390
TATASTEEL 169.39 170
TATATECH 651.3 680
TCS 3205.1 3200
TECHM 1574.2 1540
TIINDIA 2622.5 2700
TITAGARH 790.55 800
TITAN 3911.8 3840
TMPV 346.75 360
TORNTPHARM 3764.7 3800
TORNTPOWER 1284.6 1300
TRENT 4116.4 4200
TVSMOTOR 3615.7 3600
ULTRACEMCO 11567 11700
UNIONBANK 152.59 152.5
UNITDSPR 1448.5 1440
UNOMINDA 1239.9 1280
UPL 751.8 750
VBL 481.6 470
VEDL 547.2 535
VOLTAS 1391.1 1360
WIPRO 260.33 255
YESBANK 21.5 22
ZYDUSLIFE 921.1 930

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.