DIVISLAB
Divi S Laboratories Ltd
Max pain for DIVISLAB
21 Nov 2024 02:21 PM IST
Max Pain for DIVISLAB is 5900
Strike 4800 has a total call value of 0 versus a total put value of 93,513,500,000 Combined total value = 93,513,500,000
Strike 4850 has a total call value of 0 versus a total put value of 87,051,000,000 Combined total value = 87,051,000,000
Strike 4900 has a total call value of 0 versus a total put value of 80,588,500,000 Combined total value = 80,588,500,000
Strike 4950 has a total call value of 0 versus a total put value of 74,126,000,000 Combined total value = 74,126,000,000
Strike 5000 has a total call value of 0 versus a total put value of 67,663,500,000 Combined total value = 67,663,500,000
Strike 5050 has a total call value of 0 versus a total put value of 63,095,500,000 Combined total value = 63,095,500,000
Strike 5100 has a total call value of 0 versus a total put value of 58,527,500,000 Combined total value = 58,527,500,000
Strike 5150 has a total call value of 0 versus a total put value of 53,959,500,000 Combined total value = 53,959,500,000
Strike 5200 has a total call value of 0 versus a total put value of 49,391,500,000 Combined total value = 49,391,500,000
Strike 5250 has a total call value of 0 versus a total put value of 44,960,500,000 Combined total value = 44,960,500,000
Strike 5300 has a total call value of 0 versus a total put value of 40,529,500,000 Combined total value = 40,529,500,000
Strike 5350 has a total call value of 0 versus a total put value of 36,297,000,000 Combined total value = 36,297,000,000
Strike 5400 has a total call value of 0 versus a total put value of 32,064,500,000 Combined total value = 32,064,500,000
Strike 5450 has a total call value of 28,500,000 versus a total put value of 27,998,500,000 Combined total value = 28,027,000,000
Strike 5500 has a total call value of 57,000,000 versus a total put value of 24,000,500,000 Combined total value = 24,057,500,000
Strike 5550 has a total call value of 85,500,000 versus a total put value of 20,405,000,000 Combined total value = 20,490,500,000
Strike 5600 has a total call value of 114,000,000 versus a total put value of 16,867,000,000 Combined total value = 16,981,000,000
Strike 5650 has a total call value of 202,500,000 versus a total put value of 13,636,500,000 Combined total value = 13,839,000,000
Strike 5700 has a total call value of 291,000,000 versus a total put value of 10,497,500,000 Combined total value = 10,788,500,000
Strike 5750 has a total call value of 516,500,000 versus a total put value of 8,054,000,000 Combined total value = 8,570,500,000
Strike 5800 has a total call value of 832,500,000 versus a total put value of 5,777,000,000 Combined total value = 6,609,500,000
Strike 5850 has a total call value of 1,456,500,000 versus a total put value of 3,917,000,000 Combined total value = 5,373,500,000
Strike 5900 has a total call value of 2,203,000,000 versus a total put value of 2,273,500,000 Combined total value = 4,476,500,000
Strike 5950 has a total call value of 3,483,500,000 versus a total put value of 1,206,500,000 Combined total value = 4,690,000,000
Strike 6000 has a total call value of 5,214,500,000 versus a total put value of 340,500,000 Combined total value = 5,555,000,000
Strike 6050 has a total call value of 8,831,000,000 versus a total put value of 201,500,000 Combined total value = 9,032,500,000
Strike 6100 has a total call value of 12,746,000,000 versus a total put value of 116,000,000 Combined total value = 12,862,000,000
Strike 6150 has a total call value of 17,342,000,000 versus a total put value of 52,000,000 Combined total value = 17,394,000,000
Strike 6200 has a total call value of 22,106,500,000 versus a total put value of 0 Combined total value = 22,106,500,000
Strike 6250 has a total call value of 27,478,000,000 versus a total put value of 0 Combined total value = 27,478,000,000
Strike 6300 has a total call value of 32,964,000,000 versus a total put value of 0 Combined total value = 32,964,000,000
Strike 6350 has a total call value of 38,789,500,000 versus a total put value of 0 Combined total value = 38,789,500,000
Strike 6400 has a total call value of 44,655,500,000 versus a total put value of 0 Combined total value = 44,655,500,000
Strike 6450 has a total call value of 50,704,000,000 versus a total put value of 0 Combined total value = 50,704,000,000
Strike 6500 has a total call value of 56,752,500,000 versus a total put value of 0 Combined total value = 56,752,500,000
Strike 6550 has a total call value of 63,254,500,000 versus a total put value of 0 Combined total value = 63,254,500,000
Strike 6600 has a total call value of 69,756,500,000 versus a total put value of 0 Combined total value = 69,756,500,000
Strike 6650 has a total call value of 76,420,500,000 versus a total put value of 0 Combined total value = 76,420,500,000
Strike 6700 has a total call value of 83,084,500,000 versus a total put value of 0 Combined total value = 83,084,500,000
Strike 6750 has a total call value of 89,899,500,000 versus a total put value of 0 Combined total value = 89,899,500,000
Strike 6800 has a total call value of 96,714,500,000 versus a total put value of 0 Combined total value = 96,714,500,000
Strike 6850 has a total call value of 103,677,500,000 versus a total put value of 0 Combined total value = 103,677,500,000
Strike 6900 has a total call value of 110,640,500,000 versus a total put value of 0 Combined total value = 110,640,500,000
Strike 6950 has a total call value of 117,632,000,000 versus a total put value of 0 Combined total value = 117,632,000,000
Strike 7000 has a total call value of 124,623,500,000 versus a total put value of 0 Combined total value = 124,623,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.55 | 470 |
| ABB | 6754 | 7000 |
| ABBOTINDIA | 27000.4 | 28000 |
| ABCAPITAL | 184.01 | 200 |
| ABFRL | 284.9 | 300 |
| ACC | 2039 | 2220 |
| ADANIENT | 2284.05 | 2620 |
| ADANIPORTS | 1134.3 | 1200 |
| ALKEM | 5584.85 | 5500 |
| AMBUJACEM | 495.65 | 540 |
| APOLLOHOSP | 6721.7 | 6900 |
| APOLLOTYRE | 482.7 | 480 |
| ASHOKLEY | 217.58 | 220 |
| ASIANPAINT | 2430.1 | 2540 |
| ASTRAL | 1713 | 1780 |
| ATUL | 7257.25 | 7500 |
| AUBANK | 594.2 | 590 |
| AUROPHARMA | 1219.05 | 1300 |
| AXISBANK | 1141.1 | 1150 |
| BAJAJ-AUTO | 9467.8 | 9700 |
| BAJAJFINSV | 1573.85 | 1620 |
| BAJFINANCE | 6482.05 | 6700 |
| BALKRISIND | 2736.75 | 2800 |
| BANDHANBNK | 166.62 | 180 |
| BANKBARODA | 229.45 | 240 |
| BATAINDIA | 1280 | 1310 |
| BEL | 274.4 | 285 |
| BERGEPAINT | 465.6 | 495 |
| BHARATFORG | 1294.85 | 1340 |
| BHARTIARTL | 1521.95 | 1540 |
| BHEL | 227.9 | 235 |
| BIOCON | 324.4 | 330 |
| BOSCHLTD | 34061.3 | 34000 |
| BPCL | 282.25 | 300 |
| BRITANNIA | 4760.05 | 5000 |
| BSOFT | 545.25 | 560 |
| CANBK | 94.88 | 100 |
| CANFINHOME | 822.85 | 830 |
| CHAMBLFERT | 456.85 | 480 |
| CHOLAFIN | 1209.55 | 1240 |
| CIPLA | 1460.4 | 1520 |
| COALINDIA | 404.95 | 425 |
| COFORGE | 8203.05 | 8000 |
| COLPAL | 2687 | 2800 |
| CONCOR | 768.65 | 810 |
| COROMANDEL | 1774.5 | 1720 |
| CROMPTON | 381.3 | 390 |
| CUB | 170.5 | 175 |
| CUMMINSIND | 3292.1 | 3400 |
| DABUR | 505.35 | 525 |
| DALBHARAT | 1778.1 | 1760 |
| DEEPAKNTR | 2624 | 2650 |
| DIVISLAB | 5950.5 | 5900 |
| DIXON | 14972.5 | 14750 |
| DLF | 777.45 | 780 |
| DRREDDY | 1193.1 | 1220 |
| EICHERMOT | 4888 | 4900 |
| ESCORTS | 3447.3 | 3600 |
| EXIDEIND | 415.5 | 440 |
| FEDERALBNK | 210.78 | 205 |
| GAIL | 188.14 | 197.5 |
| GLENMARK | 1462.7 | 1520 |
| GMRINFRA | 77.05 | 82 |
| GNFC | 556.6 | 570 |
| GODREJCP | 1180.65 | 1200 |
| GODREJPROP | 2712.25 | 2750 |
| GRANULES | 545.05 | 580 |
| GRASIM | 2547.85 | 2540 |
| GUJGASLTD | 453.55 | 480 |
| HAL | 3987 | 4200 |
| HAVELLS | 1632.9 | 1640 |
| HCLTECH | 1833.1 | 1820 |
| HDFCAMC | 4222.7 | 4300 |
| HDFCBANK | 1743 | 1740 |
| HDFCLIFE | 674.15 | 680 |
| HEROMOTOCO | 4753 | 4800 |
| HINDALCO | 645.45 | 650 |
| HINDCOPPER | 263.05 | 290 |
| HINDPETRO | 359.55 | 375 |
| HINDUNILVR | 2379.4 | 2480 |
| ICICIBANK | 1253.5 | 1260 |
| ICICIGI | 1814 | 1880 |
| ICICIPRULI | 680.2 | 690 |
| IDEA | 6.94 | 8 |
| IDFCFIRSTB | 63.23 | 66 |
| IEX | 161.31 | 170 |
| IGL | 311.65 | 330 |
| INDHOTEL | 788.15 | 760 |
| INDIAMART | 2248.65 | 2400 |
| INDIGO | 4060 | 4000 |
| INDUSINDBK | 975.4 | 1040 |
| INDUSTOWER | 329.6 | 340 |
| INFY | 1829.75 | 1800 |
| IOC | 130.97 | 140 |
| IPCALAB | 1567.65 | 1560 |
| IRCTC | 795.65 | 820 |
| ITC | 456.3 | 475 |
| JINDALSTEL | 872.65 | 900 |
| JKCEMENT | 4009 | 4000 |
| JSWSTEEL | 940.85 | 960 |
| JUBLFOOD | 610 | 620 |
| KOTAKBANK | 1736.15 | 1760 |
| LALPATHLAB | 3027.55 | 3100 |
| LAURUSLABS | 488.75 | 490 |
| LICHSGFIN | 612 | 630 |
| LT | 3491.5 | 3600 |
| LTF | 137.98 | 140 |
| LTIM | 5917.95 | 5900 |
| LTTS | 5184.75 | 5150 |
| LUPIN | 2040.3 | 2100 |
| M&M | 2930.9 | 2900 |
| M&MFIN | 257 | 265 |
| MANAPPURAM | 150.8 | 155 |
| MARICO | 590.35 | 600 |
| MARUTI | 10863.75 | 11000 |
| MCX | 6155.55 | 6200 |
| METROPOLIS | 2011.45 | 2060 |
| MFSL | 1172.7 | 1200 |
| MGL | 1117.05 | 1160 |
| MOTHERSON | 161.45 | 175 |
| MPHASIS | 2783.4 | 2850 |
| MRF | 123217.25 | 122500 |
| MUTHOOTFIN | 1907.4 | 1880 |
| NATIONALUM | 246.52 | 240 |
| NAUKRI | 7534.65 | 7700 |
| NAVINFLUOR | 3266.65 | 3400 |
| NESTLEIND | 2200.1 | 2280 |
| NMDC | 218.04 | 225 |
| NTPC | 355.65 | 370 |
| OBEROIRLTY | 1936.35 | 1960 |
| OFSS | 11143 | 11500 |
| ONGC | 242.2 | 250 |
| PAGEIND | 44384.7 | 45500 |
| PEL | 1051.05 | 1060 |
| PERSISTENT | 5727.2 | 5600 |
| PETRONET | 320.9 | 328 |
| PFC | 453.1 | 460 |
| PIDILITIND | 2944.5 | 3060 |
| PIIND | 4130.8 | 4200 |
| PNB | 96.8 | 102 |
| POLYCAB | 6402 | 6500 |
| POWERGRID | 323 | 320 |
| PVRINOX | 1444.15 | 1500 |
| RAMCOCEM | 915.35 | 900 |
| RBLBANK | 157.75 | 160 |
| RECLTD | 490.2 | 510 |
| RELIANCE | 1219.65 | 1290 |
| SAIL | 111.03 | 117.5 |
| SBICARD | 674 | 690 |
| SBILIFE | 1480.9 | 1520 |
| SBIN | 783.35 | 800 |
| SHREECEM | 24225.95 | 24500 |
| SHRIRAMFIN | 2809.4 | 2900 |
| SIEMENS | 6665.2 | 6800 |
| SRF | 2153 | 2260 |
| SUNPHARMA | 1767.6 | 1800 |
| SUNTV | 729.4 | 730 |
| SYNGENE | 845 | 870 |
| TATACHEM | 1056.95 | 1100 |
| TATACOMM | 1710.25 | 1780 |
| TATACONSUM | 910.8 | 950 |
| TATAMOTORS | 774.4 | 800 |
| TATAPOWER | 410.1 | 420 |
| TATASTEEL | 140.14 | 145 |
| TCS | 4064.45 | 4100 |
| TECHM | 1698.65 | 1680 |
| TITAN | 3174.75 | 3200 |
| TORNTPHARM | 3094.1 | 3150 |
| TRENT | 6411.9 | 6600 |
| TVSMOTOR | 2395.55 | 2450 |
| UBL | 1818.75 | 1880 |
| ULTRACEMCO | 10935 | 11000 |
| UNITDSPR | 1489.5 | 1480 |
| UPL | 562.1 | 540 |
| VEDL | 441.9 | 460 |
| VOLTAS | 1670.2 | 1700 |
| WIPRO | 556.65 | 560 |
| ZYDUSLIFE | 942.35 | 960 |
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.
