DELHIVERY
Delhivery Limited
Max pain for DELHIVERY
12 Dec 2024 11:04 AM IST
Max Pain for DELHIVERY is 370
Strike 300 has a total call value of 0 versus a total put value of 24,836,912,500 Combined total value = 24,836,912,500
Strike 305 has a total call value of 0 versus a total put value of 22,558,562,500 Combined total value = 22,558,562,500
Strike 310 has a total call value of 0 versus a total put value of 20,280,212,500 Combined total value = 20,280,212,500
Strike 315 has a total call value of 0 versus a total put value of 18,066,675,000 Combined total value = 18,066,675,000
Strike 320 has a total call value of 0 versus a total put value of 15,873,725,000 Combined total value = 15,873,725,000
Strike 325 has a total call value of 0 versus a total put value of 13,781,425,000 Combined total value = 13,781,425,000
Strike 330 has a total call value of 0 versus a total put value of 11,689,125,000 Combined total value = 11,689,125,000
Strike 335 has a total call value of 0 versus a total put value of 9,779,825,000 Combined total value = 9,779,825,000
Strike 340 has a total call value of 0 versus a total put value of 7,940,675,000 Combined total value = 7,940,675,000
Strike 345 has a total call value of 102,175,000 versus a total put value of 6,344,000,000 Combined total value = 6,446,175,000
Strike 350 has a total call value of 242,475,000 versus a total put value of 4,793,075,000 Combined total value = 5,035,550,000
Strike 355 has a total call value of 530,700,000 versus a total put value of 3,487,675,000 Combined total value = 4,018,375,000
Strike 360 has a total call value of 885,262,500 versus a total put value of 2,385,862,500 Combined total value = 3,271,125,000
Strike 365 has a total call value of 1,441,887,500 versus a total put value of 1,539,487,500 Combined total value = 2,981,375,000
Strike 370 has a total call value of 2,074,762,500 versus a total put value of 764,787,500 Combined total value = 2,839,550,000
Strike 375 has a total call value of 2,930,287,500 versus a total put value of 419,375,000 Combined total value = 3,349,662,500
Strike 380 has a total call value of 3,887,225,000 versus a total put value of 145,637,500 Combined total value = 4,032,862,500
Strike 385 has a total call value of 5,364,187,500 versus a total put value of 61,762,500 Combined total value = 5,425,950,000
Strike 390 has a total call value of 7,157,587,500 versus a total put value of 18,300,000 Combined total value = 7,175,887,500
Strike 395 has a total call value of 9,594,537,500 versus a total put value of 9,150,000 Combined total value = 9,603,687,500
Strike 400 has a total call value of 12,162,637,500 versus a total put value of 0 Combined total value = 12,162,637,500
Strike 405 has a total call value of 15,627,437,500 versus a total put value of 0 Combined total value = 15,627,437,500
Strike 410 has a total call value of 19,129,600,000 versus a total put value of 0 Combined total value = 19,129,600,000
Strike 415 has a total call value of 22,775,112,500 versus a total put value of 0 Combined total value = 22,775,112,500
Strike 420 has a total call value of 26,439,687,500 versus a total put value of 0 Combined total value = 26,439,687,500
Strike 425 has a total call value of 30,198,812,500 versus a total put value of 0 Combined total value = 30,198,812,500
Strike 430 has a total call value of 33,957,937,500 versus a total put value of 0 Combined total value = 33,957,937,500
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 441.4 | 450 |
| ABB | 7670 | 7600 |
| ABBOTINDIA | 28677.7 | 28000 |
| ABCAPITAL | 198.83 | 200 |
| ABFRL | 305.05 | 310 |
| ACC | 2253.95 | 2260 |
| ADANIENSOL | 820.35 | 800 |
| ADANIENT | 2497.6 | 2500 |
| ADANIGREEN | 1231.1 | 1200 |
| ADANIPORTS | 1256.6 | 1260 |
| ALKEM | 5441.3 | 5500 |
| AMBUJACEM | 576.8 | 570 |
| ANGELONE | 3418.15 | 3300 |
| APLAPOLLO | 1614.7 | 1600 |
| APOLLOHOSP | 7214.1 | 7200 |
| APOLLOTYRE | 541.5 | 530 |
| ASHOKLEY | 230.18 | 230 |
| ASIANPAINT | 2394.85 | 2440 |
| ASTRAL | 1842.95 | 1840 |
| ATGL | 745.8 | 740 |
| ATUL | 7220 | 7400 |
| AUBANK | 593.55 | 590 |
| AUROPHARMA | 1215.75 | 1240 |
| AXISBANK | 1151.05 | 1160 |
| BAJAJ-AUTO | 8988.05 | 9100 |
| BAJAJFINSV | 1686.6 | 1660 |
| BAJFINANCE | 7130 | 7000 |
| BALKRISIND | 2797.2 | 2800 |
| BANDHANBNK | 172.38 | 175 |
| BANKBARODA | 259.23 | 260 |
| BANKINDIA | 112.67 | 115 |
| BATAINDIA | 1430.35 | 1430 |
| BEL | 314.1 | 310 |
| BERGEPAINT | 472.6 | 480 |
| BHARATFORG | 1363.15 | 1360 |
| BHARTIARTL | 1597.45 | 1600 |
| BHEL | 248.5 | 250 |
| BIOCON | 361.4 | 370 |
| BOSCHLTD | 35960.05 | 35500 |
| BPCL | 304.5 | 300 |
| BRITANNIA | 4900 | 4900 |
| BSE | 5639.75 | 5200 |
| BSOFT | 613.65 | 600 |
| CAMS | 5277.55 | 5200 |
| CANBK | 107.62 | 108 |
| CANFINHOME | 814.1 | 820 |
| CDSL | 1936.7 | 1840 |
| CESC | 190.26 | 195 |
| CGPOWER | 777.65 | 770 |
| CHAMBLFERT | 527.65 | 530 |
| CHOLAFIN | 1346.2 | 1300 |
| CIPLA | 1442.7 | 1480 |
| COALINDIA | 411.35 | 420 |
| COFORGE | 9251.15 | 9000 |
| COLPAL | 2845 | 2900 |
| CONCOR | 832.7 | 840 |
| COROMANDEL | 1776.4 | 1780 |
| CROMPTON | 410 | 410 |
| CUB | 184.44 | 185 |
| CUMMINSIND | 3616.45 | 3500 |
| CYIENT | 2082 | 2000 |
| DABUR | 507.95 | 510 |
| DALBHARAT | 1938.5 | 1900 |
| DEEPAKNTR | 2670.8 | 2700 |
| DELHIVERY | 381.45 | 370 |
| DIVISLAB | 5971.55 | 6000 |
| DIXON | 17694.7 | 17000 |
| DLF | 862.45 | 850 |
| DMART | 3703.55 | 3700 |
| DRREDDY | 1227.25 | 1220 |
| EICHERMOT | 4787.6 | 4850 |
| ESCORTS | 3455.35 | 3500 |
| EXIDEIND | 466.2 | 460 |
| FEDERALBNK | 214.86 | 215 |
| GAIL | 206.05 | 207.5 |
| GLENMARK | 1530.35 | 1540 |
| GMRINFRA | 0 | 36 |
| GNFC | 617 | 630 |
| GODREJCP | 1122.85 | 1140 |
| GODREJPROP | 2855.8 | 2850 |
| GRANULES | 587 | 560 |
| GRASIM | 2654.75 | 2640 |
| GUJGASLTD | 512.95 | 510 |
| HAL | 4686.65 | 4600 |
| HAVELLS | 1739.35 | 1740 |
| HCLTECH | 1934.8 | 1900 |
| HDFCAMC | 4541.8 | 4400 |
| HDFCBANK | 1863.15 | 1820 |
| HDFCLIFE | 630.1 | 640 |
| HEROMOTOCO | 4571.25 | 4700 |
| HFCL | 126.05 | 130 |
| HINDALCO | 668.3 | 670 |
| HINDCOPPER | 288.75 | 290 |
| HINDPETRO | 407.95 | 395 |
| HINDUNILVR | 2363 | 2420 |
| HUDCO | 245.8 | 245 |
| ICICIBANK | 1337.3 | 1320 |
| ICICIGI | 1949.9 | 1940 |
| ICICIPRULI | 688.9 | 690 |
| IDEA | 7.93 | 8 |
| IDFCFIRSTB | 64.69 | 65 |
| IEX | 188.76 | 185 |
| IGL | 385.1 | 360 |
| INDHOTEL | 836.7 | 820 |
| INDIAMART | 2378.05 | 2400 |
| INDIANB | 575.5 | 590 |
| INDIGO | 4416.75 | 4450 |
| INDUSINDBK | 997.95 | 1000 |
| INDUSTOWER | 351.65 | 360 |
| INFY | 1990.15 | 1940 |
| IOC | 142.01 | 140 |
| IPCALAB | 1568.1 | 1540 |
| IRB | 58.23 | 59 |
| IRCTC | 844.15 | 840 |
| IRFC | 162.71 | 160 |
| ITC | 465.35 | 470 |
| JINDALSTEL | 993.75 | 970 |
| JIOFIN | 341.3 | 340 |
| JKCEMENT | 4645.2 | 4600 |
| JSL | 746.45 | 740 |
| JSWENERGY | 675.6 | 660 |
| JSWSTEEL | 999.6 | 1000 |
| JUBLFOOD | 681.8 | 680 |
| KALYANKJIL | 770.6 | 750 |
| KEI | 4562.45 | 4400 |
| KOTAKBANK | 1782.85 | 1800 |
| KPITTECH | 1548 | 1500 |
| LALPATHLAB | 3099.65 | 3100 |
| LAURUSLABS | 568.25 | 570 |
| LICHSGFIN | 633.9 | 640 |
| LICI | 938.8 | 950 |
| LODHA | 1418.2 | 1340 |
| LT | 3865.25 | 3800 |
| LTF | 148.75 | 147.5 |
| LTIM | 6671.55 | 6500 |
| LTTS | 5381.55 | 5350 |
| LUPIN | 2150 | 2100 |
| M&M | 3058.45 | 3050 |
| M&MFIN | 280.7 | 280 |
| MANAPPURAM | 179.24 | 160 |
| MARICO | 640.55 | 630 |
| MARUTI | 11115.65 | 11200 |
| MAXHEALTH | 1165.45 | 1100 |
| MCX | 6753.65 | 6600 |
| METROPOLIS | 2210.7 | 2200 |
| MFSL | 1129.95 | 1160 |
| MGL | 1279 | 1280 |
| MOTHERSON | 166.25 | 165 |
| MPHASIS | 3201 | 3100 |
| MRF | 131840 | 132000 |
| MUTHOOTFIN | 2084.15 | 2020 |
| NATIONALUM | 241.9 | 245 |
| NAUKRI | 8671.4 | 8500 |
| NAVINFLUOR | 3594.25 | 3600 |
| NCC | 304.8 | 310 |
| NESTLEIND | 2233.2 | 2260 |
| NHPC | 85.43 | 85 |
| NMDC | 238 | 240 |
| NTPC | 359.8 | 365 |
| NYKAA | 171.04 | 170 |
| OBEROIRLTY | 2121.45 | 2100 |
| OFSS | 12191 | 12250 |
| OIL | 469.1 | 470 |
| ONGC | 255.3 | 259 |
| PAGEIND | 47220 | 46500 |
| PAYTM | 964.65 | 960 |
| PEL | 1252 | 1220 |
| PERSISTENT | 6400.55 | 6300 |
| PETRONET | 343.8 | 340 |
| PFC | 509 | 500 |
| PIDILITIND | 3167.95 | 3180 |
| PIIND | 4025.7 | 4100 |
| PNB | 107.71 | 109 |
| POLICYBZR | 2150.45 | 2000 |
| POLYCAB | 7403.9 | 7300 |
| POONAWALLA | 362.3 | 360 |
| POWERGRID | 326.9 | 330 |
| PRESTIGE | 1739.9 | 1700 |
| PVRINOX | 1465.9 | 1540 |
| RAMCOCEM | 1002.8 | 1000 |
| RBLBANK | 176.52 | 170 |
| RECLTD | 565.95 | 550 |
| RELIANCE | 1268.05 | 1300 |
| SAIL | 126.6 | 125 |
| SBICARD | 731 | 720 |
| SBILIFE | 1434.6 | 1440 |
| SBIN | 853.5 | 850 |
| SHREECEM | 27301.2 | 27000 |
| SHRIRAMFIN | 3231 | 3200 |
| SIEMENS | 7880.1 | 7700 |
| SJVN | 118.54 | 120 |
| SONACOMS | 638 | 650 |
| SRF | 2302.55 | 2300 |
| SUNPHARMA | 1808.2 | 1800 |
| SUNTV | 732.3 | 750 |
| SUPREMEIND | 4849 | 4900 |
| SYNGENE | 884.85 | 900 |
| TATACHEM | 1106.65 | 1120 |
| TATACOMM | 1844.8 | 1820 |
| TATACONSUM | 919.35 | 940 |
| TATAELXSI | 7350.1 | 7300 |
| TATAMOTORS | 787.5 | 800 |
| TATAPOWER | 430.65 | 435 |
| TATASTEEL | 149.85 | 150 |
| TCS | 4468 | 4400 |
| TECHM | 1788.1 | 1760 |
| TIINDIA | 3671.95 | 3700 |
| TITAN | 3433.45 | 3400 |
| TORNTPHARM | 3378.85 | 3350 |
| TRENT | 7051.25 | 6900 |
| TVSMOTOR | 2499.45 | 2500 |
| UBL | 1984.8 | 1960 |
| ULTRACEMCO | 11869.25 | 11700 |
| UNIONBANK | 128.61 | 127 |
| UNITDSPR | 1518.55 | 1520 |
| UPL | 545.7 | 550 |
| VBL | 636.45 | 640 |
| VEDL | 524 | 500 |
| VOLTAS | 1789.3 | 1760 |
| WIPRO | 310.55 | 300 |
| YESBANK | 21.36 | 21 |
| ZOMATO | 290.65 | 280 |
| ZYDUSLIFE | 977.1 | 980 |
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.
