COPPER
Copper
Max pain for COPPER
11 Apr 2025 02:09 PM IST
Max Pain for COPPER is 850
Strike 770 has a total call value of 0 versus a total put value of 10,017,500,000 Combined total value = 10,017,500,000
Strike 775 has a total call value of 0 versus a total put value of 9,187,500,000 Combined total value = 9,187,500,000
Strike 780 has a total call value of 0 versus a total put value of 8,361,250,000 Combined total value = 8,361,250,000
Strike 785 has a total call value of 0 versus a total put value of 7,593,750,000 Combined total value = 7,593,750,000
Strike 790 has a total call value of 0 versus a total put value of 6,830,000,000 Combined total value = 6,830,000,000
Strike 795 has a total call value of 0 versus a total put value of 6,140,000,000 Combined total value = 6,140,000,000
Strike 800 has a total call value of 0 versus a total put value of 5,452,500,000 Combined total value = 5,452,500,000
Strike 805 has a total call value of 40,000,000 versus a total put value of 4,990,000,000 Combined total value = 5,030,000,000
Strike 810 has a total call value of 80,000,000 versus a total put value of 4,530,000,000 Combined total value = 4,610,000,000
Strike 815 has a total call value of 166,250,000 versus a total put value of 4,133,750,000 Combined total value = 4,300,000,000
Strike 820 has a total call value of 252,500,000 versus a total put value of 3,737,500,000 Combined total value = 3,990,000,000
Strike 825 has a total call value of 391,250,000 versus a total put value of 3,390,000,000 Combined total value = 3,781,250,000
Strike 830 has a total call value of 532,500,000 versus a total put value of 3,042,500,000 Combined total value = 3,575,000,000
Strike 835 has a total call value of 748,750,000 versus a total put value of 2,722,500,000 Combined total value = 3,471,250,000
Strike 840 has a total call value of 967,500,000 versus a total put value of 2,405,000,000 Combined total value = 3,372,500,000
Strike 845 has a total call value of 1,261,250,000 versus a total put value of 2,101,250,000 Combined total value = 3,362,500,000
Strike 850 has a total call value of 1,558,750,000 versus a total put value of 1,797,500,000 Combined total value = 3,356,250,000
Strike 855 has a total call value of 2,001,250,000 versus a total put value of 1,511,250,000 Combined total value = 3,512,500,000
Strike 860 has a total call value of 2,443,750,000 versus a total put value of 1,225,000,000 Combined total value = 3,668,750,000
Strike 865 has a total call value of 2,990,000,000 versus a total put value of 1,002,500,000 Combined total value = 3,992,500,000
Strike 870 has a total call value of 3,536,250,000 versus a total put value of 780,000,000 Combined total value = 4,316,250,000
Strike 875 has a total call value of 4,191,250,000 versus a total put value of 650,000,000 Combined total value = 4,841,250,000
Strike 880 has a total call value of 4,846,250,000 versus a total put value of 520,000,000 Combined total value = 5,366,250,000
Strike 885 has a total call value of 5,648,750,000 versus a total put value of 390,000,000 Combined total value = 6,038,750,000
Strike 890 has a total call value of 6,451,250,000 versus a total put value of 260,000,000 Combined total value = 6,711,250,000
Strike 895 has a total call value of 7,315,000,000 versus a total put value of 130,000,000 Combined total value = 7,445,000,000
Strike 900 has a total call value of 8,178,750,000 versus a total put value of 0 Combined total value = 8,178,750,000
Strike 905 has a total call value of 9,253,750,000 versus a total put value of 0 Combined total value = 9,253,750,000
Strike 910 has a total call value of 10,328,750,000 versus a total put value of 0 Combined total value = 10,328,750,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 379.9 | 385 |
| ABB | 5120.9 | 5200 |
| ABCAPITAL | 185.7 | 190 |
| ABFRL | 252.55 | 255 |
| ACC | 2005 | 2000 |
| ADANIENSOL | 835.6 | 840 |
| ADANIENT | 2305 | 2400 |
| ADANIGREEN | 886.65 | 920 |
| ADANIPORTS | 1155.6 | 1180 |
| ALKEM | 4880 | 4900 |
| AMBUJACEM | 546.6 | 550 |
| ANGELONE | 2260.9 | 2300 |
| APLAPOLLO | 1510.7 | 1500 |
| APOLLOHOSP | 6793.25 | 6700 |
| APOLLOTYRE | 423.85 | 420 |
| ASHOKLEY | 207.34 | 210 |
| ASIANPAINT | 2388.9 | 2380 |
| ASTRAL | 1249.3 | 1300 |
| ATGL | 590.1 | 600 |
| AUBANK | 553.3 | 550 |
| AUROPHARMA | 1087.8 | 1140 |
| AXISBANK | 1066.9 | 1060 |
| BAJAJ-AUTO | 7734.6 | 7900 |
| BAJAJFINSV | 1945.65 | 1920 |
| BAJFINANCE | 8912.8 | 8800 |
| BALKRISIND | 2328.45 | 2400 |
| BANDHANBNK | 149.56 | 150 |
| BANKBARODA | 232.18 | 235 |
| BANKINDIA | 108.01 | 110 |
| BEL | 284.15 | 285 |
| BERGEPAINT | 530.6 | 520 |
| BHARATFORG | 994.6 | 1020 |
| BHARTIARTL | 1754.65 | 1740 |
| BHEL | 213.32 | 215 |
| BIOCON | 316.05 | 330 |
| BOSCHLTD | 26350.05 | 27000 |
| BPCL | 293.9 | 280 |
| BRITANNIA | 5354.25 | 5200 |
| BSE | 5642 | 5300 |
| BSOFT | 355.95 | 370 |
| CAMS | 3680.35 | 3700 |
| CANBK | 90.57 | 90 |
| CDSL | 1167 | 1200 |
| CESC | 152.71 | 152.5 |
| CGPOWER | 568.55 | 580 |
| CHAMBLFERT | 645.3 | 630 |
| CHOLAFIN | 1460.5 | 1460 |
| CIPLA | 1459.35 | 1460 |
| COALINDIA | 389.9 | 400 |
| COFORGE | 6313.3 | 6600 |
| COLPAL | 2482.2 | 2440 |
| CONCOR | 687 | 700 |
| CROMPTON | 334.6 | 340 |
| CUMMINSIND | 2840.9 | 2900 |
| CYIENT | 1139.35 | 1200 |
| DABUR | 461.05 | 470 |
| DALBHARAT | 1801.8 | 1800 |
| DEEPAKNTR | 1900 | 1900 |
| DELHIVERY | 243.55 | 250 |
| DIVISLAB | 5566.5 | 5600 |
| DIXON | 14199 | 14000 |
| DLF | 622.3 | 650 |
| DMART | 4118.75 | 4050 |
| DRREDDY | 1122.95 | 1120 |
| EICHERMOT | 5359 | 5300 |
| ESCORTS | 3167.3 | 3200 |
| ETERNAL | 215.45 | 210 |
| EXIDEIND | 367.1 | 365 |
| FEDERALBNK | 190.01 | 192.5 |
| GAIL | 171.65 | 180 |
| GLENMARK | 1370 | 1420 |
| GMRAIRPORT | 85.74 | 82 |
| GODREJCP | 1221.5 | 1200 |
| GODREJPROP | 1943.3 | 2000 |
| GOLDM | 92927 | 90500 |
| GRANULES | 448.75 | 470 |
| GRASIM | 2645.9 | 2600 |
| HAL | 4103 | 4200 |
| HAVELLS | 1520.55 | 1500 |
| HCLTECH | 1390 | 1460 |
| HDFCAMC | 3978.05 | 3950 |
| HDFCBANK | 1810.15 | 1800 |
| HDFCLIFE | 684.9 | 685 |
| HEROMOTOCO | 3667.9 | 3700 |
| HFCL | 75.59 | 80 |
| HINDALCO | 600.05 | 610 |
| HINDCOPPER | 198.98 | 210 |
| HINDPETRO | 379.55 | 370 |
| HINDUNILVR | 2357.8 | 2300 |
| HINDZINC | 411.45 | 420 |
| HUDCO | 214.36 | 205 |
| ICICIBANK | 1316.25 | 1320 |
| ICICIGI | 1736.9 | 1780 |
| ICICIPRULI | 552.95 | 560 |
| IDEA | 7.13 | 8 |
| IDFCFIRSTB | 59.82 | 59 |
| IEX | 178.38 | 180 |
| IGL | 174.2 | 180 |
| IIFL | 319.25 | 330 |
| INDHOTEL | 785.8 | 800 |
| INDIANB | 531.9 | 540 |
| INDIGO | 5146.95 | 5100 |
| INDUSINDBK | 680.95 | 700 |
| INDUSTOWER | 372.5 | 360 |
| INFY | 1399.8 | 1500 |
| INOXWIND | 148.93 | 150 |
| IOC | 131.49 | 130 |
| IRB | 45 | 45 |
| IRCTC | 727.7 | 730 |
| IREDA | 153.52 | 150 |
| IRFC | 123.97 | 125 |
| ITC | 419.8 | 410 |
| JINDALSTEL | 805.85 | 860 |
| JIOFIN | 228.2 | 230 |
| JSL | 534.6 | 560 |
| JSWENERGY | 491 | 500 |
| JSWSTEEL | 987.2 | 1000 |
| JUBLFOOD | 684.65 | 680 |
| KALYANKJIL | 513.2 | 500 |
| KEI | 2601.3 | 2650 |
| KOTAKBANK | 2112.5 | 2100 |
| KPITTECH | 1111.2 | 1140 |
| LAURUSLABS | 601.85 | 590 |
| LICHSGFIN | 560.55 | 560 |
| LICI | 771.05 | 800 |
| LODHA | 1125.25 | 1140 |
| LT | 3101.6 | 3260 |
| LTF | 155.1 | 155 |
| LTIM | 4221.95 | 4300 |
| LUPIN | 1974.9 | 2000 |
| M&M | 2571.15 | 2650 |
| M&MFIN | 262 | 270 |
| MANAPPURAM | 225.19 | 230 |
| MARICO | 707.3 | 690 |
| MARUTI | 11581.45 | 11500 |
| MAXHEALTH | 1087.7 | 1100 |
| MCX | 5403 | 5300 |
| MFSL | 1159 | 1160 |
| MGL | 1271.2 | 1340 |
| MOTHERSON | 117.8 | 120 |
| MPHASIS | 2154.2 | 2200 |
| MRF | 116343.7 | 115000 |
| MUTHOOTFIN | 2010 | 2100 |
| NATIONALUM | 143.82 | 160 |
| NAUKRI | 6495.4 | 6600 |
| NBCC | 86.45 | 85 |
| NCC | 208.98 | 210 |
| NESTLEIND | 2356.05 | 2280 |
| NHPC | 84.48 | 84 |
| NMDC | 62.79 | 65 |
| NTPC | 358.4 | 355 |
| NYKAA | 177.65 | 175 |
| OBEROIRLTY | 1545.95 | 1560 |
| OFSS | 7522.05 | 7600 |
| OIL | 358.4 | 370 |
| ONGC | 229.7 | 235 |
| PAGEIND | 43768.9 | 42500 |
| PATANJALI | 1882.85 | 1820 |
| PAYTM | 835.45 | 800 |
| PEL | 960.85 | 980 |
| PERSISTENT | 4503.85 | 4700 |
| PETRONET | 283.7 | 290 |
| PFC | 401.25 | 410 |
| PHOENIXLTD | 1475.1 | 1550 |
| PIDILITIND | 2950.9 | 2900 |
| PIIND | 3590.75 | 3500 |
| PNB | 96.09 | 97 |
| PNBHOUSING | 968.65 | 940 |
| POLICYBZR | 1524.2 | 1540 |
| POLYCAB | 5066.8 | 5000 |
| POONAWALLA | 362.5 | 345 |
| POWERGRID | 301.8 | 297.5 |
| PRESTIGE | 1117.75 | 1140 |
| RAMCOCEM | 935.05 | 930 |
| RBLBANK | 172.5 | 175 |
| RECLTD | 401.95 | 420 |
| RELIANCE | 1214.25 | 1250 |
| SAIL | 107.83 | 112.5 |
| SBICARD | 849.85 | 850 |
| SBILIFE | 1523.8 | 1520 |
| SBIN | 752.55 | 770 |
| SHREECEM | 30115.3 | 30000 |
| SHRIRAMFIN | 637.15 | 640 |
| SIEMENS | 2717.55 | 2800 |
| SILVER | 92700 | 94000 |
| SJVN | 91.02 | 92 |
| SOLARINDS | 11278.9 | 11000 |
| SONACOMS | 427.5 | 430 |
| SRF | 2943.6 | 2850 |
| SUNPHARMA | 1689.65 | 1720 |
| SUPREMEIND | 3151.2 | 3300 |
| SYNGENE | 701.3 | 710 |
| TATACHEM | 829.9 | 850 |
| TATACOMM | 1585.2 | 1600 |
| TATACONSUM | 1097.5 | 1060 |
| TATAELXSI | 4720.35 | 4950 |
| TATAMOTORS | 593.3 | 620 |
| TATAPOWER | 364.3 | 385 |
| TATASTEEL | 132.78 | 137.5 |
| TATATECH | 623.7 | 630 |
| TCS | 3215.6 | 3300 |
| TECHM | 1276.15 | 1340 |
| TIINDIA | 2502.25 | 2600 |
| TITAGARH | 746.65 | 760 |
| TITAN | 3227.8 | 3150 |
| TORNTPHARM | 3134.9 | 3200 |
| TORNTPOWER | 1553.9 | 1500 |
| TRENT | 4761.55 | 5000 |
| TVSMOTOR | 2508.35 | 2460 |
| ULTRACEMCO | 11467.75 | 11400 |
| UNIONBANK | 117.77 | 120 |
| UNITDSPR | 1470 | 1440 |
| UPL | 636.5 | 640 |
| VBL | 544.6 | 540 |
| VEDL | 379.55 | 410 |
| VOLTAS | 1280.45 | 1320 |
| WIPRO | 239.1 | 250 |
| YESBANK | 17.17 | 17 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 868.15 | 880 |
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.
