COPPER
Copper
Max pain for COPPER
21 Mar 2025 12:14 PM IST
Max Pain for COPPER is 910
Strike 860 has a total call value of 0 versus a total put value of 9,883,750,000 Combined total value = 9,883,750,000
Strike 865 has a total call value of 0 versus a total put value of 8,387,500,000 Combined total value = 8,387,500,000
Strike 870 has a total call value of 0 versus a total put value of 6,891,250,000 Combined total value = 6,891,250,000
Strike 875 has a total call value of 60,000,000 versus a total put value of 5,597,500,000 Combined total value = 5,657,500,000
Strike 880 has a total call value of 120,000,000 versus a total put value of 4,303,750,000 Combined total value = 4,423,750,000
Strike 885 has a total call value of 180,000,000 versus a total put value of 3,212,500,000 Combined total value = 3,392,500,000
Strike 890 has a total call value of 240,000,000 versus a total put value of 2,121,250,000 Combined total value = 2,361,250,000
Strike 895 has a total call value of 372,500,000 versus a total put value of 1,385,000,000 Combined total value = 1,757,500,000
Strike 900 has a total call value of 510,000,000 versus a total put value of 648,750,000 Combined total value = 1,158,750,000
Strike 905 has a total call value of 730,000,000 versus a total put value of 290,000,000 Combined total value = 1,020,000,000
Strike 910 has a total call value of 975,000,000 versus a total put value of 0 Combined total value = 975,000,000
Strike 915 has a total call value of 1,463,750,000 versus a total put value of 0 Combined total value = 1,463,750,000
Strike 920 has a total call value of 1,952,500,000 versus a total put value of 0 Combined total value = 1,952,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 407 | 400 |
| ABB | 5527.8 | 5300 |
| ABCAPITAL | 183.97 | 175 |
| ABFRL | 253.28 | 250 |
| ACC | 1901.25 | 1900 |
| ADANIENSOL | 839.95 | 780 |
| ADANIENT | 2380.8 | 2380 |
| ADANIGREEN | 963.9 | 900 |
| ADANIPORTS | 1198 | 1160 |
| ALKEM | 4971.8 | 4800 |
| AMBUJACEM | 511.15 | 510 |
| ANGELONE | 2328.7 | 2100 |
| APLAPOLLO | 1512.85 | 1460 |
| APOLLOHOSP | 6608.95 | 6450 |
| APOLLOTYRE | 423.05 | 420 |
| ASHOKLEY | 211.8 | 210 |
| ASIANPAINT | 2306 | 2260 |
| ASTRAL | 1299.05 | 1300 |
| ATGL | 631 | 600 |
| AUBANK | 534.35 | 525 |
| AUROPHARMA | 1190.9 | 1160 |
| AXISBANK | 1062.25 | 1040 |
| BAJAJ-AUTO | 8040.6 | 7900 |
| BAJAJFINSV | 1839.1 | 1840 |
| BAJFINANCE | 8960 | 8700 |
| BALKRISIND | 2603 | 2580 |
| BANDHANBNK | 143.84 | 145 |
| BANKBARODA | 216 | 215 |
| BANKINDIA | 104.23 | 100 |
| BEL | 297.93 | 285 |
| BERGEPAINT | 499.9 | 500 |
| BHARATFORG | 1172.7 | 1140 |
| BHARTIARTL | 1720.6 | 1680 |
| BHEL | 212.8 | 205 |
| BIOCON | 345.1 | 330 |
| BOSCHLTD | 27740.5 | 28000 |
| BPCL | 274 | 265 |
| BRITANNIA | 4818 | 4750 |
| BSE | 4642.35 | 4500 |
| BSOFT | 405.5 | 410 |
| CAMS | 3837.35 | 3600 |
| CANBK | 87.34 | 86 |
| CDSL | 1209.45 | 1140 |
| CESC | 148.25 | 145 |
| CGPOWER | 646 | 620 |
| CHAMBLFERT | 593.05 | 570 |
| CHOLAFIN | 1537.95 | 1480 |
| CIPLA | 1521.75 | 1480 |
| COALINDIA | 404.4 | 395 |
| COFORGE | 7796.9 | 7500 |
| COLPAL | 2390.7 | 2460 |
| CONCOR | 690.5 | 680 |
| CROMPTON | 364.45 | 355 |
| CUMMINSIND | 2990 | 2900 |
| CYIENT | 1344.7 | 1260 |
| DABUR | 506.5 | 500 |
| DALBHARAT | 1705.85 | 1680 |
| DEEPAKNTR | 2029.9 | 1950 |
| DELHIVERY | 265 | 260 |
| DIVISLAB | 5819.25 | 5750 |
| DIXON | 14053.85 | 13750 |
| DLF | 700.95 | 680 |
| DMART | 3935 | 3800 |
| DRREDDY | 1195 | 1150 |
| EICHERMOT | 5297.55 | 5100 |
| ESCORTS | 3203.6 | 3100 |
| EXIDEIND | 360.1 | 360 |
| FEDERALBNK | 186.78 | 185 |
| GAIL | 174.49 | 170 |
| GLENMARK | 1506 | 1440 |
| GMRAIRPORT | 77.38 | 75 |
| GODREJCP | 1114.55 | 1070 |
| GODREJPROP | 2155 | 2050 |
| GRANULES | 506 | 500 |
| GRASIM | 2490.75 | 2420 |
| HAL | 3908.7 | 3700 |
| HAVELLS | 1494.65 | 1500 |
| HCLTECH | 1586.75 | 1580 |
| HDFCAMC | 3994.5 | 3900 |
| HDFCBANK | 1765.85 | 1760 |
| HDFCLIFE | 675.55 | 640 |
| HEROMOTOCO | 3663.6 | 3650 |
| HFCL | 83.58 | 82.5 |
| HINDALCO | 701.25 | 680 |
| HINDCOPPER | 231.85 | 220 |
| HINDPETRO | 342.95 | 330 |
| HINDUNILVR | 2248.7 | 2260 |
| HUDCO | 202.71 | 195 |
| ICICIBANK | 1341.6 | 1300 |
| ICICIGI | 1709.8 | 1700 |
| ICICIPRULI | 579.15 | 570 |
| IDEA | 7.48 | 8 |
| IDFCFIRSTB | 55.98 | 58 |
| IEX | 171.6 | 170 |
| IGL | 197.02 | 195 |
| IIFL | 332.6 | 325 |
| INDHOTEL | 827.25 | 790 |
| INDIANB | 538.55 | 510 |
| INDIGO | 5078.1 | 4900 |
| INDUSINDBK | 675.5 | 750 |
| INDUSTOWER | 342.65 | 340 |
| INFY | 1592.7 | 1620 |
| IOC | 130.1 | 127.5 |
| IRB | 46.74 | 45 |
| IRCTC | 724.35 | 710 |
| IREDA | 154.82 | 145 |
| IRFC | 129.47 | 125 |
| ITC | 403.95 | 405 |
| JINDALSTEL | 917.5 | 900 |
| JIOFIN | 230.07 | 225 |
| JKCEMENT | 4830 | 4550 |
| JSL | 645.75 | 650 |
| JSWENERGY | 559 | 530 |
| JSWSTEEL | 1055 | 1030 |
| JUBLFOOD | 629.2 | 630 |
| KALYANKJIL | 474.25 | 440 |
| KEI | 2887.3 | 2900 |
| KOTAKBANK | 2078.85 | 2020 |
| KPITTECH | 1298.4 | 1280 |
| LAURUSLABS | 612.2 | 580 |
| LICHSGFIN | 566.8 | 540 |
| LICI | 790.85 | 780 |
| LODHA | 1171.25 | 1160 |
| LT | 3420 | 3300 |
| LTF | 154.15 | 150 |
| LTIM | 4507.1 | 4500 |
| LTTS | 4702.4 | 4600 |
| LUPIN | 2099.25 | 2040 |
| M&M | 2870.9 | 2750 |
| M&MFIN | 288.35 | 280 |
| MANAPPURAM | 231.61 | 205 |
| MARICO | 629.3 | 620 |
| MARUTI | 11895.9 | 11800 |
| MAXHEALTH | 1180 | 1140 |
| MCX | 5437.3 | 5200 |
| MFSL | 1131.35 | 1100 |
| MGL | 1374.25 | 1340 |
| MOTHERSON | 131.74 | 130 |
| MPHASIS | 2407.5 | 2300 |
| MRF | 112224.35 | 109000 |
| MUTHOOTFIN | 2362.55 | 2340 |
| NATIONALUM | 184.93 | 190 |
| NAUKRI | 6910.4 | 6800 |
| NBCC | 83.22 | 80 |
| NCC | 203.3 | 195 |
| NESTLEIND | 2269.45 | 2240 |
| NHPC | 83 | 80 |
| NMDC | 67.1 | 68 |
| NTPC | 349.25 | 335 |
| NYKAA | 173.86 | 170 |
| OBEROIRLTY | 1660.5 | 1600 |
| OFSS | 7665.15 | 7750 |
| OIL | 392.95 | 380 |
| ONGC | 240.23 | 232.5 |
| PAGEIND | 41806 | 41000 |
| PATANJALI | 1764.1 | 1740 |
| PAYTM | 754.15 | 720 |
| PEL | 976.15 | 940 |
| PERSISTENT | 5287.6 | 5200 |
| PETRONET | 297.8 | 295 |
| PFC | 408.8 | 400 |
| PHOENIXLTD | 1673.85 | 1600 |
| PIDILITIND | 2831.1 | 2760 |
| PIIND | 3471.75 | 3300 |
| PNB | 92.37 | 91 |
| POLICYBZR | 1590.25 | 1500 |
| POLYCAB | 5075.15 | 5000 |
| POONAWALLA | 330.85 | 300 |
| POWERGRID | 283.2 | 275 |
| PRESTIGE | 1236.35 | 1150 |
| RAMCOCEM | 850.05 | 840 |
| RBLBANK | 166.7 | 162.5 |
| RECLTD | 434 | 420 |
| RELIANCE | 1276.3 | 1250 |
| SAIL | 114.37 | 110 |
| SBICARD | 859.5 | 845 |
| SBILIFE | 1532.85 | 1480 |
| SBIN | 752 | 740 |
| SHREECEM | 29250 | 28250 |
| SHRIRAMFIN | 671.15 | 650 |
| SIEMENS | 5249.7 | 5000 |
| SJVN | 94.74 | 90 |
| SOLARINDS | 10676.3 | 10000 |
| SONACOMS | 509.25 | 500 |
| SRF | 3037.5 | 2900 |
| SUNPHARMA | 1779.8 | 1680 |
| SUPREMEIND | 3453.3 | 3500 |
| SYNGENE | 708 | 700 |
| TATACHEM | 844.75 | 840 |
| TATACOMM | 1615.7 | 1540 |
| TATACONSUM | 969.6 | 960 |
| TATAELXSI | 5461 | 5300 |
| TATAMOTORS | 697.25 | 680 |
| TATAPOWER | 376.25 | 375 |
| TATASTEEL | 158.47 | 153 |
| TATATECH | 701.35 | 670 |
| TCS | 3589.2 | 3600 |
| TECHM | 1424.1 | 1440 |
| TIINDIA | 2899.4 | 2800 |
| TITAGARH | 788.75 | 740 |
| TITAN | 3177.85 | 3150 |
| TORNTPHARM | 3270.2 | 3150 |
| TORNTPOWER | 1484.45 | 1400 |
| TRENT | 5169.75 | 5100 |
| TVSMOTOR | 2429.7 | 2340 |
| ULTRACEMCO | 11012.4 | 10500 |
| UNIONBANK | 120.18 | 119 |
| UNITDSPR | 1396.1 | 1320 |
| UPL | 662.3 | 640 |
| USDINR | 86.18 | 77.25 |
| VBL | 549.45 | 520 |
| VEDL | 467.75 | 450 |
| VOLTAS | 1429.8 | 1420 |
| WIPRO | 268.65 | 270 |
| YESBANK | 17.05 | 17 |
| ZOMATO | 226.3 | 220 |
| ZYDUSLIFE | 925.9 | 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.
