DIXON
Dixon Techno (india) Ltd
Max pain for DIXON
14 Jan 2025 02:23 PM IST
Max Pain for DIXON is 17000
Strike 12000 has a total call value of 0 versus a total put value of 443,341,250,000 Combined total value = 443,341,250,000
Strike 12250 has a total call value of 0 versus a total put value of 416,867,500,000 Combined total value = 416,867,500,000
Strike 12500 has a total call value of 0 versus a total put value of 390,393,750,000 Combined total value = 390,393,750,000
Strike 12750 has a total call value of 0 versus a total put value of 363,920,000,000 Combined total value = 363,920,000,000
Strike 13000 has a total call value of 0 versus a total put value of 337,446,250,000 Combined total value = 337,446,250,000
Strike 13250 has a total call value of 0 versus a total put value of 312,190,000,000 Combined total value = 312,190,000,000
Strike 13500 has a total call value of 0 versus a total put value of 286,933,750,000 Combined total value = 286,933,750,000
Strike 13750 has a total call value of 0 versus a total put value of 262,122,500,000 Combined total value = 262,122,500,000
Strike 14000 has a total call value of 0 versus a total put value of 237,311,250,000 Combined total value = 237,311,250,000
Strike 14250 has a total call value of 278,750,000 versus a total put value of 214,867,500,000 Combined total value = 215,146,250,000
Strike 14500 has a total call value of 557,500,000 versus a total put value of 192,582,500,000 Combined total value = 193,140,000,000
Strike 14750 has a total call value of 842,500,000 versus a total put value of 171,210,000,000 Combined total value = 172,052,500,000
Strike 15000 has a total call value of 1,141,250,000 versus a total put value of 150,121,250,000 Combined total value = 151,262,500,000
Strike 15250 has a total call value of 2,225,000,000 versus a total put value of 131,200,000,000 Combined total value = 133,425,000,000
Strike 15500 has a total call value of 3,325,000,000 versus a total put value of 112,706,250,000 Combined total value = 116,031,250,000
Strike 15750 has a total call value of 4,710,000,000 versus a total put value of 95,658,750,000 Combined total value = 100,368,750,000
Strike 16000 has a total call value of 6,273,750,000 versus a total put value of 79,308,750,000 Combined total value = 85,582,500,000
Strike 16250 has a total call value of 9,425,000,000 versus a total put value of 66,156,250,000 Combined total value = 75,581,250,000
Strike 16500 has a total call value of 13,402,500,000 versus a total put value of 54,093,750,000 Combined total value = 67,496,250,000
Strike 16750 has a total call value of 18,890,000,000 versus a total put value of 43,090,000,000 Combined total value = 61,980,000,000
Strike 17000 has a total call value of 25,382,500,000 versus a total put value of 32,765,000,000 Combined total value = 58,147,500,000
Strike 17250 has a total call value of 37,343,750,000 versus a total put value of 24,985,000,000 Combined total value = 62,328,750,000
Strike 17500 has a total call value of 50,946,250,000 versus a total put value of 18,328,750,000 Combined total value = 69,275,000,000
Strike 17750 has a total call value of 68,658,750,000 versus a total put value of 12,960,000,000 Combined total value = 81,618,750,000
Strike 18000 has a total call value of 87,586,250,000 versus a total put value of 7,948,750,000 Combined total value = 95,535,000,000
Strike 18250 has a total call value of 113,212,500,000 versus a total put value of 5,411,250,000 Combined total value = 118,623,750,000
Strike 18500 has a total call value of 140,772,500,000 versus a total put value of 3,255,000,000 Combined total value = 144,027,500,000
Strike 18750 has a total call value of 173,627,500,000 versus a total put value of 1,906,250,000 Combined total value = 175,533,750,000
Strike 19000 has a total call value of 208,001,250,000 versus a total put value of 827,500,000 Combined total value = 208,828,750,000
Strike 19250 has a total call value of 248,275,000,000 versus a total put value of 521,250,000 Combined total value = 248,796,250,000
Strike 19500 has a total call value of 289,380,000,000 versus a total put value of 215,000,000 Combined total value = 289,595,000,000
Strike 19750 has a total call value of 333,385,000,000 versus a total put value of 107,500,000 Combined total value = 333,492,500,000
Strike 20000 has a total call value of 377,878,750,000 versus a total put value of 0 Combined total value = 377,878,750,000
Strike 20250 has a total call value of 427,323,750,000 versus a total put value of 0 Combined total value = 427,323,750,000
Strike 20500 has a total call value of 477,305,000,000 versus a total put value of 0 Combined total value = 477,305,000,000
Strike 20750 has a total call value of 528,558,750,000 versus a total put value of 0 Combined total value = 528,558,750,000
Strike 21000 has a total call value of 580,160,000,000 versus a total put value of 0 Combined total value = 580,160,000,000
Strike 21250 has a total call value of 634,062,500,000 versus a total put value of 0 Combined total value = 634,062,500,000
Strike 21500 has a total call value of 688,235,000,000 versus a total put value of 0 Combined total value = 688,235,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 409 | 420 |
| ABB | 6152.95 | 6600 |
| ABBOTINDIA | 28301.65 | 29000 |
| ABCAPITAL | 174.8 | 182.5 |
| ABFRL | 270.9 | 280 |
| ACC | 1947 | 2060 |
| ADANIENSOL | 780.1 | 780 |
| ADANIENT | 2398.45 | 2500 |
| ADANIGREEN | 1012.8 | 1000 |
| ADANIPORTS | 1126.25 | 1180 |
| ALKEM | 5277.45 | 5400 |
| AMBUJACEM | 514.95 | 550 |
| ANGELONE | 2391 | 2500 |
| APLAPOLLO | 1469.6 | 1500 |
| APOLLOHOSP | 6699.7 | 7050 |
| APOLLOTYRE | 453.6 | 470 |
| ASHOKLEY | 210.93 | 220 |
| ASIANPAINT | 2244 | 2300 |
| ASTRAL | 1495.1 | 1600 |
| ATGL | 688 | 670 |
| ATUL | 6744.15 | 6700 |
| AUBANK | 580.65 | 565 |
| AUROPHARMA | 1178.35 | 1220 |
| AXISBANK | 1056.75 | 1080 |
| BAJAJ-AUTO | 8605.6 | 8900 |
| BAJAJFINSV | 1706 | 1640 |
| BAJFINANCE | 7330 | 7200 |
| BALKRISIND | 2706 | 2800 |
| BANDHANBNK | 145.94 | 160 |
| BANKBARODA | 226 | 240 |
| BANKINDIA | 94.58 | 98 |
| BATAINDIA | 1343.7 | 1380 |
| BEL | 268.45 | 280 |
| BERGEPAINT | 462.45 | 460 |
| BHARATFORG | 1193.1 | 1260 |
| BHARTIARTL | 1594.1 | 1600 |
| BHEL | 196.8 | 220 |
| BIOCON | 388.95 | 375 |
| BOSCHLTD | 31607.2 | 33000 |
| BPCL | 270.6 | 280 |
| BRITANNIA | 4874.2 | 4850 |
| BSE | 5464.05 | 5300 |
| BSOFT | 534.4 | 560 |
| CAMS | 4252.9 | 4700 |
| CANBK | 94.03 | 98 |
| CANFINHOME | 668.5 | 700 |
| CDSL | 1573.05 | 1700 |
| CESC | 153.93 | 160 |
| CGPOWER | 636.35 | 660 |
| CHAMBLFERT | 475 | 490 |
| CHOLAFIN | 1272.9 | 1260 |
| CIPLA | 1445.35 | 1500 |
| COALINDIA | 368.65 | 385 |
| COFORGE | 8593.75 | 9100 |
| COLPAL | 2704.55 | 2800 |
| CONCOR | 761.7 | 780 |
| COROMANDEL | 1822.9 | 1880 |
| CROMPTON | 358.85 | 370 |
| CUB | 167.32 | 170 |
| CUMMINSIND | 2945.1 | 3150 |
| CYIENT | 1698.75 | 1720 |
| DABUR | 511.05 | 515 |
| DALBHARAT | 1731.05 | 1740 |
| DEEPAKNTR | 2343.15 | 2450 |
| DELHIVERY | 324.9 | 335 |
| DIVISLAB | 5956 | 5900 |
| DIXON | 16229.1 | 17000 |
| DLF | 725.25 | 770 |
| DMART | 3465.6 | 3700 |
| DRREDDY | 1335.9 | 1350 |
| EICHERMOT | 5022.3 | 5000 |
| ESCORTS | 3440.25 | 3300 |
| EXIDEIND | 382.75 | 410 |
| FEDERALBNK | 193.9 | 197.5 |
| GAIL | 175.77 | 190 |
| GLENMARK | 1512.2 | 1560 |
| GMRAIRPORT | 71.78 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 537.3 | 550 |
| GODREJCP | 1138.3 | 1140 |
| GODREJPROP | 2305.75 | 2500 |
| GRANULES | 589 | 590 |
| GRASIM | 2301.65 | 2480 |
| GUJGASLTD | 487.9 | 495 |
| HAL | 3824.6 | 4150 |
| HAVELLS | 1542.15 | 1600 |
| HCLTECH | 1824.6 | 1840 |
| HDFCAMC | 3911.3 | 3950 |
| HDFCBANK | 1651.1 | 1700 |
| HDFCLIFE | 600 | 620 |
| HEROMOTOCO | 4102.35 | 4200 |
| HFCL | 98.22 | 105 |
| HINDALCO | 589.05 | 600 |
| HINDCOPPER | 224.25 | 250 |
| HINDPETRO | 372.05 | 390 |
| HINDUNILVR | 2371.5 | 2400 |
| HUDCO | 214.1 | 220 |
| ICICIBANK | 1241.5 | 1270 |
| ICICIGI | 1824.5 | 1860 |
| ICICIPRULI | 639.8 | 650 |
| IDEA | 8.13 | 8 |
| IDFCFIRSTB | 62.33 | 63 |
| IEX | 167.18 | 175 |
| IGL | 410.85 | 410 |
| INDHOTEL | 773.95 | 800 |
| INDIAMART | 2250.75 | 2300 |
| INDIANB | 506.15 | 520 |
| INDIGO | 4002.15 | 4250 |
| INDUSINDBK | 973.3 | 980 |
| INDUSTOWER | 339.75 | 340 |
| INFY | 1945.05 | 1940 |
| IOC | 126.71 | 135 |
| IPCALAB | 1587.3 | 1640 |
| IRB | 51.3 | 55 |
| IRCTC | 757.8 | 790 |
| IRFC | 134.63 | 137.5 |
| ITC | 436.25 | 445 |
| JINDALSTEL | 913.15 | 940 |
| JIOFIN | 272.4 | 285 |
| JKCEMENT | 4380.1 | 4500 |
| JSL | 629.05 | 630 |
| JSWENERGY | 549.85 | 570 |
| JSWSTEEL | 905 | 920 |
| JUBLFOOD | 709.45 | 730 |
| KALYANKJIL | 602.5 | 640 |
| KEI | 4031.3 | 4200 |
| KOTAKBANK | 1764.05 | 1800 |
| KPITTECH | 1330.25 | 1400 |
| LALPATHLAB | 2807.65 | 2950 |
| LAURUSLABS | 566.15 | 590 |
| LICHSGFIN | 553.3 | 580 |
| LICI | 822 | 860 |
| LODHA | 1141.8 | 1260 |
| LT | 3460.5 | 3600 |
| LTF | 133.5 | 140 |
| LTIM | 5805 | 5800 |
| LTTS | 4717.4 | 4800 |
| LUPIN | 2155.8 | 2240 |
| M&M | 3054.35 | 3100 |
| M&MFIN | 266.85 | 270 |
| MANAPPURAM | 177.63 | 190 |
| MARICO | 658.05 | 660 |
| MARUTI | 11710.1 | 11600 |
| MAXHEALTH | 1086.55 | 1140 |
| MCX | 5713 | 6000 |
| METROPOLIS | 1875 | 2000 |
| MFSL | 1054.35 | 1100 |
| MGL | 1276.25 | 1280 |
| MOTHERSON | 145.55 | 155 |
| MPHASIS | 2783.65 | 2900 |
| MRF | 114450 | 118000 |
| MUTHOOTFIN | 2125.1 | 2140 |
| NATIONALUM | 198.93 | 210 |
| NAUKRI | 7472.3 | 8000 |
| NAVINFLUOR | 3608.3 | 3650 |
| NCC | 246.15 | 260 |
| NESTLEIND | 2215 | 2200 |
| NHPC | 76.96 | 78 |
| NMDC | 63.21 | 67 |
| NTPC | 310.05 | 320 |
| NYKAA | 165.05 | 167.5 |
| OBEROIRLTY | 1988.65 | 2140 |
| OFSS | 10768.75 | 11500 |
| OIL | 466.25 | 460 |
| ONGC | 259.38 | 257.5 |
| PAGEIND | 46380.9 | 47000 |
| PAYTM | 822 | 880 |
| PEL | 1025.5 | 1080 |
| PERSISTENT | 5896.4 | 6200 |
| PETRONET | 324.95 | 335 |
| PFC | 418.6 | 440 |
| PIDILITIND | 2812.2 | 2900 |
| PIIND | 3477.9 | 3600 |
| PNB | 98.95 | 101 |
| POLICYBZR | 1741.5 | 1900 |
| POLYCAB | 6438.6 | 6800 |
| POONAWALLA | 308.75 | 315 |
| POWERGRID | 290.6 | 305 |
| PRESTIGE | 1426.1 | 1550 |
| PVRINOX | 1086.45 | 1180 |
| RAMCOCEM | 888 | 930 |
| RBLBANK | 153.86 | 160 |
| RECLTD | 477.25 | 500 |
| RELIANCE | 1231.35 | 1250 |
| SAIL | 106 | 110 |
| SBICARD | 732.5 | 730 |
| SBILIFE | 1495.2 | 1440 |
| SBIN | 755.5 | 780 |
| SHREECEM | 25086.3 | 25750 |
| SHRIRAMFIN | 542.65 | 570 |
| SIEMENS | 5860.25 | 6300 |
| SJVN | 94.29 | 100 |
| SONACOMS | 567.15 | 580 |
| SRF | 2504 | 2560 |
| SUNPHARMA | 1767.45 | 1820 |
| SUNTV | 658.15 | 670 |
| SUPREMEIND | 4380 | 4500 |
| SYNGENE | 828.15 | 850 |
| TATACHEM | 968.65 | 1020 |
| TATACOMM | 1680 | 1740 |
| TATACONSUM | 960.3 | 950 |
| TATAELXSI | 6081 | 6200 |
| TATAMOTORS | 771.8 | 780 |
| TATAPOWER | 356.6 | 380 |
| TATASTEEL | 126.94 | 135 |
| TCS | 4241.65 | 4200 |
| TECHM | 1658.9 | 1680 |
| TIINDIA | 3308.05 | 3550 |
| TITAN | 3316.15 | 3400 |
| TORNTPHARM | 3248.4 | 3350 |
| TRENT | 6165.95 | 6700 |
| TVSMOTOR | 2235.85 | 2320 |
| UBL | 1962.15 | 2000 |
| ULTRACEMCO | 10492.3 | 11100 |
| UNIONBANK | 104.33 | 110 |
| UNITDSPR | 1413.4 | 1500 |
| UPL | 541.3 | 530 |
| VBL | 568.8 | 600 |
| VEDL | 431.3 | 450 |
| VOLTAS | 1640.95 | 1720 |
| WIPRO | 293.3 | 295 |
| YESBANK | 17.92 | 19 |
| ZOMATO | 235.2 | 250 |
| ZYDUSLIFE | 996.5 | 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.
