CUMMINSIND
Cummins India Ltd
Max pain for CUMMINSIND
12 Nov 2024 04:10 PM IST
Max Pain for CUMMINSIND is 3550
Strike 2800 has a total call value of 0 versus a total put value of 57,336,750,000 Combined total value = 57,336,750,000
Strike 2850 has a total call value of 0 versus a total put value of 52,623,750,000 Combined total value = 52,623,750,000
Strike 2900 has a total call value of 0 versus a total put value of 47,910,750,000 Combined total value = 47,910,750,000
Strike 2950 has a total call value of 0 versus a total put value of 43,324,500,000 Combined total value = 43,324,500,000
Strike 3000 has a total call value of 0 versus a total put value of 38,738,250,000 Combined total value = 38,738,250,000
Strike 3050 has a total call value of 0 versus a total put value of 34,487,250,000 Combined total value = 34,487,250,000
Strike 3100 has a total call value of 0 versus a total put value of 30,236,250,000 Combined total value = 30,236,250,000
Strike 3150 has a total call value of 12,000,000 versus a total put value of 26,202,000,000 Combined total value = 26,214,000,000
Strike 3200 has a total call value of 24,000,000 versus a total put value of 22,167,750,000 Combined total value = 22,191,750,000
Strike 3250 has a total call value of 36,000,000 versus a total put value of 18,420,750,000 Combined total value = 18,456,750,000
Strike 3300 has a total call value of 53,250,000 versus a total put value of 14,758,500,000 Combined total value = 14,811,750,000
Strike 3350 has a total call value of 77,250,000 versus a total put value of 11,481,000,000 Combined total value = 11,558,250,000
Strike 3400 has a total call value of 117,750,000 versus a total put value of 8,281,500,000 Combined total value = 8,399,250,000
Strike 3450 has a total call value of 246,000,000 versus a total put value of 5,901,000,000 Combined total value = 6,147,000,000
Strike 3500 has a total call value of 555,750,000 versus a total put value of 3,839,250,000 Combined total value = 4,395,000,000
Strike 3550 has a total call value of 1,471,500,000 versus a total put value of 2,496,000,000 Combined total value = 3,967,500,000
Strike 3600 has a total call value of 2,937,000,000 versus a total put value of 1,453,500,000 Combined total value = 4,390,500,000
Strike 3650 has a total call value of 5,844,750,000 versus a total put value of 907,500,000 Combined total value = 6,752,250,000
Strike 3700 has a total call value of 9,206,250,000 versus a total put value of 477,000,000 Combined total value = 9,683,250,000
Strike 3750 has a total call value of 13,560,750,000 versus a total put value of 258,000,000 Combined total value = 13,818,750,000
Strike 3800 has a total call value of 18,264,000,000 versus a total put value of 93,000,000 Combined total value = 18,357,000,000
Strike 3850 has a total call value of 23,619,750,000 versus a total put value of 46,500,000 Combined total value = 23,666,250,000
Strike 3900 has a total call value of 29,081,250,000 versus a total put value of 0 Combined total value = 29,081,250,000
Strike 3950 has a total call value of 34,906,500,000 versus a total put value of 0 Combined total value = 34,906,500,000
Strike 4000 has a total call value of 40,778,250,000 versus a total put value of 0 Combined total value = 40,778,250,000
Strike 4050 has a total call value of 47,190,750,000 versus a total put value of 0 Combined total value = 47,190,750,000
Strike 4100 has a total call value of 53,697,750,000 versus a total put value of 0 Combined total value = 53,697,750,000
Strike 4150 has a total call value of 60,315,000,000 versus a total put value of 0 Combined total value = 60,315,000,000
Strike 4200 has a total call value of 66,934,500,000 versus a total put value of 0 Combined total value = 66,934,500,000
Strike 4250 has a total call value of 73,779,000,000 versus a total put value of 0 Combined total value = 73,779,000,000
Strike 4300 has a total call value of 80,623,500,000 versus a total put value of 0 Combined total value = 80,623,500,000
Strike 4350 has a total call value of 87,761,250,000 versus a total put value of 0 Combined total value = 87,761,250,000
Strike 4400 has a total call value of 94,899,000,000 versus a total put value of 0 Combined total value = 94,899,000,000
Strike 4450 has a total call value of 102,036,750,000 versus a total put value of 0 Combined total value = 102,036,750,000
Strike 4500 has a total call value of 109,174,500,000 versus a total put value of 0 Combined total value = 109,174,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
