DIXON
Dixon Techno (India) Ltd
Max pain for DIXON
28 Apr 2025 10:27 AM IST
Max Pain for DIXON is 16000
Strike 10000 has a total call value of 0 versus a total put value of 341,046,250,000 Combined total value = 341,046,250,000
Strike 10250 has a total call value of 0 versus a total put value of 324,436,250,000 Combined total value = 324,436,250,000
Strike 10500 has a total call value of 0 versus a total put value of 307,826,250,000 Combined total value = 307,826,250,000
Strike 10750 has a total call value of 0 versus a total put value of 291,218,750,000 Combined total value = 291,218,750,000
Strike 11000 has a total call value of 0 versus a total put value of 274,611,250,000 Combined total value = 274,611,250,000
Strike 11250 has a total call value of 0 versus a total put value of 258,293,750,000 Combined total value = 258,293,750,000
Strike 11500 has a total call value of 0 versus a total put value of 241,976,250,000 Combined total value = 241,976,250,000
Strike 11750 has a total call value of 0 versus a total put value of 225,658,750,000 Combined total value = 225,658,750,000
Strike 12000 has a total call value of 0 versus a total put value of 209,341,250,000 Combined total value = 209,341,250,000
Strike 12250 has a total call value of 0 versus a total put value of 193,568,750,000 Combined total value = 193,568,750,000
Strike 12500 has a total call value of 0 versus a total put value of 177,796,250,000 Combined total value = 177,796,250,000
Strike 12750 has a total call value of 6,250,000 versus a total put value of 162,133,750,000 Combined total value = 162,140,000,000
Strike 13000 has a total call value of 12,500,000 versus a total put value of 146,515,000,000 Combined total value = 146,527,500,000
Strike 13250 has a total call value of 18,750,000 versus a total put value of 131,622,500,000 Combined total value = 131,641,250,000
Strike 13500 has a total call value of 25,000,000 versus a total put value of 116,780,000,000 Combined total value = 116,805,000,000
Strike 13750 has a total call value of 31,250,000 versus a total put value of 102,105,000,000 Combined total value = 102,136,250,000
Strike 14000 has a total call value of 37,500,000 versus a total put value of 87,600,000,000 Combined total value = 87,637,500,000
Strike 14250 has a total call value of 263,750,000 versus a total put value of 74,282,500,000 Combined total value = 74,546,250,000
Strike 14500 has a total call value of 490,000,000 versus a total put value of 61,126,250,000 Combined total value = 61,616,250,000
Strike 14750 has a total call value of 766,250,000 versus a total put value of 48,660,000,000 Combined total value = 49,426,250,000
Strike 15000 has a total call value of 1,042,500,000 versus a total put value of 36,390,000,000 Combined total value = 37,432,500,000
Strike 15250 has a total call value of 3,400,000,000 versus a total put value of 28,135,000,000 Combined total value = 31,535,000,000
Strike 15500 has a total call value of 5,868,750,000 versus a total put value of 20,290,000,000 Combined total value = 26,158,750,000
Strike 15750 has a total call value of 8,652,500,000 versus a total put value of 14,088,750,000 Combined total value = 22,741,250,000
Strike 16000 has a total call value of 11,551,250,000 versus a total put value of 8,365,000,000 Combined total value = 19,916,250,000
Strike 16250 has a total call value of 16,296,250,000 versus a total put value of 5,020,000,000 Combined total value = 21,316,250,000
Strike 16500 has a total call value of 21,390,000,000 versus a total put value of 2,073,750,000 Combined total value = 23,463,750,000
Strike 16750 has a total call value of 28,867,500,000 versus a total put value of 833,750,000 Combined total value = 29,701,250,000
Strike 17000 has a total call value of 37,420,000,000 versus a total put value of 0 Combined total value = 37,420,000,000
Strike 17250 has a total call value of 49,640,000,000 versus a total put value of 0 Combined total value = 49,640,000,000
Strike 17500 has a total call value of 62,250,000,000 versus a total put value of 0 Combined total value = 62,250,000,000
Strike 17750 has a total call value of 76,521,250,000 versus a total put value of 0 Combined total value = 76,521,250,000
Strike 18000 has a total call value of 91,246,250,000 versus a total put value of 0 Combined total value = 91,246,250,000
Strike 18250 has a total call value of 108,397,500,000 versus a total put value of 0 Combined total value = 108,397,500,000
Strike 18500 has a total call value of 125,881,250,000 versus a total put value of 0 Combined total value = 125,881,250,000
Strike 18750 has a total call value of 144,250,000,000 versus a total put value of 0 Combined total value = 144,250,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 429.8 | 430 |
| ABB | 5509 | 5600 |
| ABCAPITAL | 196.26 | 205 |
| ABFRL | 269.9 | 270 |
| ACC | 1938.1 | 2000 |
| ADANIENSOL | 926.4 | 920 |
| ADANIENT | 2376.6 | 2540 |
| ADANIGREEN | 928.9 | 960 |
| ADANIPORTS | 1200.3 | 1240 |
| ALKEM | 5045 | 5100 |
| AMBUJACEM | 548.8 | 560 |
| ANGELONE | 2363.7 | 2350 |
| APLAPOLLO | 1612.9 | 1620 |
| APOLLOHOSP | 6994.5 | 7100 |
| APOLLOTYRE | 455.6 | 460 |
| ASHOKLEY | 224.79 | 225 |
| ASIANPAINT | 2435 | 2440 |
| ASTRAL | 1359.8 | 1380 |
| ATGL | 612.4 | 630 |
| AUBANK | 669.25 | 650 |
| AUROPHARMA | 1229.2 | 1220 |
| AXISBANK | 1182.9 | 1200 |
| BAJAJ-AUTO | 8050.5 | 8300 |
| BAJAJFINSV | 2072.1 | 2060 |
| BAJFINANCE | 9050 | 9200 |
| BALKRISIND | 2548.2 | 2540 |
| BANDHANBNK | 163.8 | 170 |
| BANKBARODA | 249.96 | 250 |
| BANKINDIA | 117.48 | 117 |
| BEL | 305.8 | 300 |
| BHARATFORG | 1095.7 | 1100 |
| BHARTIARTL | 1826.7 | 1820 |
| BHEL | 227.25 | 230 |
| BIOCON | 317.65 | 330 |
| BOSCHLTD | 28165 | 28000 |
| BPCL | 301.85 | 300 |
| BRITANNIA | 5460.4 | 5450 |
| BSE | 6456.5 | 6250 |
| BSOFT | 385.65 | 400 |
| CAMS | 3940 | 4000 |
| CANBK | 97.6 | 98 |
| CDSL | 1332.4 | 1300 |
| CESC | 156.91 | 157.5 |
| CGPOWER | 635.25 | 650 |
| CHAMBLFERT | 691.65 | 680 |
| CHOLAFIN | 1527.5 | 1540 |
| CIPLA | 1552.4 | 1540 |
| COALINDIA | 396.4 | 400 |
| COFORGE | 7313.5 | 7200 |
| COLPAL | 2665.1 | 2620 |
| CONCOR | 683.5 | 700 |
| CROMPTON | 333.65 | 340 |
| CUMMINSIND | 2888.4 | 2900 |
| CYIENT | 1193.6 | 1200 |
| DABUR | 484.9 | 490 |
| DALBHARAT | 1991.4 | 1940 |
| DEEPAKNTR | 1963.3 | 2000 |
| DELHIVERY | 308.65 | 300 |
| DIVISLAB | 6104.5 | 6100 |
| DIXON | 16520 | 16000 |
| DLF | 660.35 | 680 |
| DMART | 4424.8 | 4400 |
| DRREDDY | 1202.2 | 1190 |
| EICHERMOT | 5608.5 | 5700 |
| ESCORTS | 3353.5 | 3400 |
| ETERNAL | 226.11 | 230 |
| EXIDEIND | 371.05 | 380 |
| FEDERALBNK | 199.48 | 200 |
| GAIL | 189.38 | 195 |
| GLENMARK | 1392.4 | 1400 |
| GMRAIRPORT | 88.37 | 88 |
| GODREJCP | 1251.9 | 1250 |
| GODREJPROP | 2094.7 | 2100 |
| GRANULES | 461.85 | 480 |
| GRASIM | 2762 | 2720 |
| HAL | 4379 | 4300 |
| HAVELLS | 1599.8 | 1600 |
| HCLTECH | 1545.5 | 1560 |
| HDFCAMC | 4363 | 4400 |
| HDFCBANK | 1924.8 | 1920 |
| HDFCLIFE | 702.3 | 710 |
| HEROMOTOCO | 3885.5 | 3900 |
| HFCL | 81.44 | 85 |
| HINDALCO | 629.65 | 630 |
| HINDCOPPER | 219.81 | 220 |
| HINDPETRO | 387.65 | 390 |
| HINDUNILVR | 2328.1 | 2360 |
| HINDZINC | 455.6 | 450 |
| HUDCO | 224.19 | 225 |
| ICICIBANK | 1429.1 | 1410 |
| ICICIGI | 1861.8 | 1860 |
| ICICIPRULI | 598.5 | 600 |
| IDEA | 7.43 | 8 |
| IDFCFIRSTB | 65.23 | 66 |
| IEX | 192.29 | 192.5 |
| IGL | 183.31 | 180 |
| IIFL | 368.4 | 370 |
| INDHOTEL | 800.85 | 800 |
| INDIANB | 577.1 | 580 |
| INDIGO | 5276 | 5300 |
| INDUSINDBK | 830 | 820 |
| INDUSTOWER | 406.45 | 400 |
| INFY | 1475.5 | 1480 |
| INOXWIND | 172.11 | 170 |
| IOC | 135.43 | 140 |
| IRB | 46.76 | 48 |
| IRCTC | 761 | 780 |
| IREDA | 167.94 | 160 |
| IRFC | 128.46 | 127.5 |
| ITC | 429.35 | 430 |
| JINDALSTEL | 905.4 | 900 |
| JIOFIN | 256.05 | 255 |
| JSL | 557.2 | 580 |
| JSWENERGY | 481.45 | 500 |
| JSWSTEEL | 1046.3 | 1040 |
| JUBLFOOD | 694.1 | 700 |
| KALYANKJIL | 516 | 520 |
| KEI | 2961.5 | 3000 |
| KOTAKBANK | 2226.3 | 2200 |
| KPITTECH | 1201.8 | 1200 |
| LAURUSLABS | 635.15 | 640 |
| LICHSGFIN | 601.1 | 600 |
| LICI | 797.8 | 800 |
| LODHA | 1286.2 | 1300 |
| LT | 3312 | 3320 |
| LTF | 164.44 | 162.5 |
| LTIM | 4454.8 | 4500 |
| LUPIN | 2096.1 | 2080 |
| M&M | 2901.5 | 2900 |
| M&MFIN | 262.3 | 270 |
| MANAPPURAM | 229.5 | 230 |
| MARICO | 715.7 | 710 |
| MARUTI | 11736 | 11800 |
| MAXHEALTH | 1091.8 | 1100 |
| MCX | 6140 | 5900 |
| MFSL | 1266.1 | 1260 |
| MGL | 1314.7 | 1300 |
| MOTHERSON | 133.09 | 137.5 |
| MPHASIS | 2449.3 | 2500 |
| MRF | 129770 | 128000 |
| MUTHOOTFIN | 2112.3 | 2120 |
| NATIONALUM | 158.47 | 170 |
| NAUKRI | 6962 | 7100 |
| NBCC | 95.9 | 100 |
| NCC | 216.93 | 220 |
| NESTLEIND | 2395.3 | 2400 |
| NHPC | 86.38 | 87 |
| NMDC | 65.64 | 69 |
| NTPC | 360.3 | 365 |
| NYKAA | 193.79 | 190 |
| OBEROIRLTY | 1626 | 1640 |
| OFSS | 8608.5 | 8600 |
| OIL | 400 | 400 |
| ONGC | 249.13 | 250 |
| PAGEIND | 44825 | 45000 |
| PATANJALI | 1962.1 | 2000 |
| PAYTM | 882.75 | 880 |
| PEL | 988.55 | 1000 |
| PERSISTENT | 5223 | 5200 |
| PETRONET | 311.2 | 315 |
| PFC | 419.9 | 440 |
| PHOENIXLTD | 1625.4 | 1700 |
| PIDILITIND | 3023.5 | 3000 |
| PIIND | 3626.9 | 3650 |
| PNB | 100.95 | 103 |
| PNBHOUSING | 986.9 | 1000 |
| POLICYBZR | 1598.1 | 1620 |
| POLYCAB | 5504.5 | 5500 |
| POONAWALLA | 369.55 | 380 |
| POWERGRID | 309.5 | 315 |
| PRESTIGE | 1297.2 | 1300 |
| RAMCOCEM | 963.8 | 970 |
| RBLBANK | 198.79 | 195 |
| RECLTD | 428.65 | 440 |
| RELIANCE | 1351.9 | 1320 |
| SAIL | 116.16 | 120 |
| SBICARD | 862.2 | 880 |
| SBILIFE | 1706.6 | 1700 |
| SBIN | 809.15 | 810 |
| SHREECEM | 30755 | 31000 |
| SHRIRAMFIN | 609.6 | 630 |
| SIEMENS | 2853 | 2900 |
| SJVN | 96.9 | 100 |
| SOLARINDS | 13084 | 13000 |
| SONACOMS | 456.15 | 460 |
| SRF | 3008.2 | 3000 |
| SUNPHARMA | 1820.2 | 1780 |
| SUPREMEIND | 3560.5 | 3500 |
| SYNGENE | 620 | 650 |
| TATACHEM | 827.05 | 870 |
| TATACOMM | 1565.2 | 1600 |
| TATACONSUM | 1154.3 | 1130 |
| TATAELXSI | 5613.5 | 5500 |
| TATAMOTORS | 661.55 | 670 |
| TATAPOWER | 395.05 | 400 |
| TATASTEEL | 140.67 | 142.5 |
| TATATECH | 698.5 | 680 |
| TCS | 3426.9 | 3400 |
| TECHM | 1453.5 | 1440 |
| TIINDIA | 2588 | 2600 |
| TITAGARH | 776.55 | 800 |
| TITAN | 3385.1 | 3360 |
| TORNTPHARM | 3316.6 | 3300 |
| TORNTPOWER | 1578.7 | 1600 |
| TRENT | 5203 | 5300 |
| TVSMOTOR | 2731.6 | 2740 |
| ULTRACEMCO | 12317 | 12100 |
| UNIONBANK | 126.8 | 130 |
| UNITDSPR | 1541.3 | 1520 |
| UPL | 676.5 | 670 |
| VBL | 538.1 | 530 |
| VEDL | 416.4 | 430 |
| VOLTAS | 1239.2 | 1300 |
| WIPRO | 240.1 | 240 |
| YESBANK | 17.91 | 18 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 875.5 | 870 |
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.
