DIXON
Dixon Techno (india) Ltd
Max pain for DIXON
21 Nov 2024 02:53 PM IST
Max Pain for DIXON is 14750
Strike 11500 has a total call value of 0 versus a total put value of 322,537,500,000 Combined total value = 322,537,500,000
Strike 11750 has a total call value of 0 versus a total put value of 291,686,250,000 Combined total value = 291,686,250,000
Strike 12000 has a total call value of 0 versus a total put value of 260,872,500,000 Combined total value = 260,872,500,000
Strike 12250 has a total call value of 0 versus a total put value of 231,403,750,000 Combined total value = 231,403,750,000
Strike 12500 has a total call value of 10,000,000 versus a total put value of 201,972,500,000 Combined total value = 201,982,500,000
Strike 12750 has a total call value of 20,000,000 versus a total put value of 173,592,500,000 Combined total value = 173,612,500,000
Strike 13000 has a total call value of 52,500,000 versus a total put value of 145,300,000,000 Combined total value = 145,352,500,000
Strike 13250 has a total call value of 240,000,000 versus a total put value of 119,913,750,000 Combined total value = 120,153,750,000
Strike 13400 has a total call value of 352,500,000 versus a total put value of 104,978,250,000 Combined total value = 105,330,750,000
Strike 13500 has a total call value of 427,500,000 versus a total put value of 95,021,250,000 Combined total value = 95,448,750,000
Strike 13750 has a total call value of 1,367,500,000 versus a total put value of 72,773,750,000 Combined total value = 74,141,250,000
Strike 14000 has a total call value of 2,645,000,000 versus a total put value of 51,261,250,000 Combined total value = 53,906,250,000
Strike 14250 has a total call value of 7,512,500,000 versus a total put value of 36,687,500,000 Combined total value = 44,200,000,000
Strike 14500 has a total call value of 12,870,000,000 versus a total put value of 23,212,500,000 Combined total value = 36,082,500,000
Strike 14750 has a total call value of 19,565,000,000 versus a total put value of 14,715,000,000 Combined total value = 34,280,000,000
Strike 15000 has a total call value of 27,142,500,000 versus a total put value of 7,950,000,000 Combined total value = 35,092,500,000
Strike 15250 has a total call value of 38,965,000,000 versus a total put value of 4,510,000,000 Combined total value = 43,475,000,000
Strike 15500 has a total call value of 53,413,750,000 versus a total put value of 2,248,750,000 Combined total value = 55,662,500,000
Strike 15600 has a total call value of 61,937,250,000 versus a total put value of 1,713,250,000 Combined total value = 63,650,500,000
Strike 15750 has a total call value of 75,748,500,000 versus a total put value of 910,000,000 Combined total value = 76,658,500,000
Strike 16000 has a total call value of 100,927,250,000 versus a total put value of 241,250,000 Combined total value = 101,168,500,000
Strike 16250 has a total call value of 133,289,750,000 versus a total put value of 101,250,000 Combined total value = 133,391,000,000
Strike 16500 has a total call value of 167,259,750,000 versus a total put value of 60,000,000 Combined total value = 167,319,750,000
Strike 16750 has a total call value of 205,022,250,000 versus a total put value of 18,750,000 Combined total value = 205,041,000,000
Strike 17000 has a total call value of 243,743,500,000 versus a total put value of 12,500,000 Combined total value = 243,756,000,000
Strike 17250 has a total call value of 288,662,250,000 versus a total put value of 6,250,000 Combined total value = 288,668,500,000
Strike 17500 has a total call value of 334,054,750,000 versus a total put value of 0 Combined total value = 334,054,750,000
Strike 17750 has a total call value of 382,341,000,000 versus a total put value of 0 Combined total value = 382,341,000,000
Strike 18000 has a total call value of 430,627,250,000 versus a total put value of 0 Combined total value = 430,627,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.65 | 470 |
| ABB | 6750.45 | 7000 |
| ABBOTINDIA | 27025.8 | 28000 |
| ABCAPITAL | 183.2 | 200 |
| ABFRL | 284.35 | 300 |
| ACC | 2036.75 | 2220 |
| ADANIENT | 2232.7 | 2600 |
| ADANIPORTS | 1127.45 | 1200 |
| ALKEM | 5591.25 | 5500 |
| AMBUJACEM | 491.55 | 540 |
| APOLLOHOSP | 6725.25 | 6900 |
| APOLLOTYRE | 480.45 | 480 |
| ASHOKLEY | 218.59 | 220 |
| ASIANPAINT | 2429.1 | 2540 |
| ASTRAL | 1713.7 | 1780 |
| ATUL | 7219.6 | 7500 |
| AUBANK | 591.4 | 590 |
| AUROPHARMA | 1218 | 1300 |
| AXISBANK | 1137.55 | 1150 |
| BAJAJ-AUTO | 9478.2 | 9700 |
| BAJAJFINSV | 1567.15 | 1620 |
| BAJFINANCE | 6464.15 | 6700 |
| BALKRISIND | 2732 | 2800 |
| BANDHANBNK | 165.92 | 180 |
| BANKBARODA | 228.8 | 240 |
| BATAINDIA | 1281.65 | 1310 |
| BEL | 274.4 | 285 |
| BERGEPAINT | 464.15 | 495 |
| BHARATFORG | 1296.5 | 1340 |
| BHARTIARTL | 1525 | 1540 |
| BHEL | 227.9 | 235 |
| BIOCON | 322.9 | 330 |
| BOSCHLTD | 34063 | 34000 |
| BPCL | 281.75 | 300 |
| BRITANNIA | 4793.85 | 5000 |
| BSOFT | 545.9 | 560 |
| CANBK | 94.5 | 100 |
| CANFINHOME | 821.2 | 830 |
| CHAMBLFERT | 454.55 | 480 |
| CHOLAFIN | 1207.55 | 1260 |
| CIPLA | 1462.9 | 1520 |
| COALINDIA | 405.7 | 425 |
| COFORGE | 8203.55 | 8000 |
| COLPAL | 2691.75 | 2850 |
| CONCOR | 768.85 | 810 |
| COROMANDEL | 1769.25 | 1720 |
| CROMPTON | 382 | 385 |
| CUB | 170.01 | 175 |
| CUMMINSIND | 3287.95 | 3400 |
| DABUR | 503.65 | 525 |
| DALBHARAT | 1774.7 | 1760 |
| DEEPAKNTR | 2608 | 2650 |
| DIVISLAB | 5951.85 | 5900 |
| DIXON | 14963.05 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1192.4 | 1220 |
| EICHERMOT | 4876.2 | 4900 |
| ESCORTS | 3454.95 | 3600 |
| EXIDEIND | 414.1 | 440 |
| FEDERALBNK | 210.13 | 205 |
| GAIL | 187.61 | 197.5 |
| GLENMARK | 1463.55 | 1540 |
| GMRINFRA | 76.77 | 82 |
| GNFC | 554.3 | 570 |
| GODREJCP | 1180.15 | 1200 |
| GODREJPROP | 2694.9 | 2750 |
| GRANULES | 544.15 | 570 |
| GRASIM | 2537.5 | 2540 |
| GUJGASLTD | 451.35 | 470 |
| HAL | 3971.1 | 4200 |
| HAVELLS | 1632.1 | 1640 |
| HCLTECH | 1833.9 | 1820 |
| HDFCAMC | 4228.95 | 4300 |
| HDFCBANK | 1739.75 | 1740 |
| HDFCLIFE | 671.5 | 680 |
| HEROMOTOCO | 4750.05 | 4800 |
| HINDALCO | 647.35 | 650 |
| HINDCOPPER | 261.8 | 290 |
| HINDPETRO | 358.75 | 375 |
| HINDUNILVR | 2385.65 | 2480 |
| ICICIBANK | 1249.4 | 1260 |
| ICICIGI | 1808.2 | 1880 |
| ICICIPRULI | 676.55 | 690 |
| IDEA | 6.92 | 8 |
| IDFCFIRSTB | 62.92 | 66 |
| IEX | 161.21 | 170 |
| IGL | 311.35 | 330 |
| INDHOTEL | 783.8 | 760 |
| INDIAMART | 2249.05 | 2400 |
| INDIGO | 4059.4 | 4000 |
| INDUSINDBK | 975 | 1040 |
| INDUSTOWER | 329 | 340 |
| INFY | 1838.3 | 1800 |
| IOC | 130.56 | 140 |
| IPCALAB | 1569.65 | 1560 |
| IRCTC | 793.2 | 820 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 869.8 | 900 |
| JKCEMENT | 4007.1 | 4000 |
| JSWSTEEL | 943.2 | 960 |
| JUBLFOOD | 610.45 | 620 |
| KOTAKBANK | 1735.65 | 1760 |
| LALPATHLAB | 3030.15 | 3100 |
| LAURUSLABS | 487.4 | 490 |
| LICHSGFIN | 609.3 | 630 |
| LT | 3479.7 | 3600 |
| LTF | 137.6 | 140 |
| LTIM | 5935.1 | 5900 |
| LTTS | 5162.15 | 5150 |
| LUPIN | 2037.35 | 2100 |
| M&M | 2931.45 | 2900 |
| M&MFIN | 256.55 | 265 |
| MANAPPURAM | 150.35 | 155 |
| MARICO | 590.25 | 600 |
| MARUTI | 10864.65 | 11000 |
| MCX | 6152.75 | 6200 |
| METROPOLIS | 2010.95 | 2060 |
| MFSL | 1170.55 | 1200 |
| MGL | 1117.45 | 1160 |
| MOTHERSON | 161.11 | 175 |
| MPHASIS | 2787 | 2850 |
| MRF | 123240 | 122500 |
| MUTHOOTFIN | 1900 | 1880 |
| NATIONALUM | 247.44 | 240 |
| NAUKRI | 7536.55 | 7700 |
| NAVINFLUOR | 3257.2 | 3400 |
| NESTLEIND | 2205.5 | 2280 |
| NMDC | 217.36 | 225 |
| NTPC | 355.05 | 370 |
| OBEROIRLTY | 1916.9 | 1960 |
| OFSS | 11133.25 | 11500 |
| ONGC | 241.55 | 250 |
| PAGEIND | 44420 | 45500 |
| PEL | 1052.3 | 1060 |
| PERSISTENT | 5731.6 | 5600 |
| PETRONET | 320.75 | 328 |
| PFC | 452.2 | 460 |
| PIDILITIND | 2932.85 | 3060 |
| PIIND | 4124.75 | 4200 |
| PNB | 96.45 | 102 |
| POLYCAB | 6406.65 | 6500 |
| POWERGRID | 324.8 | 320 |
| PVRINOX | 1444 | 1500 |
| RAMCOCEM | 914 | 900 |
| RBLBANK | 156.58 | 160 |
| RECLTD | 489.9 | 510 |
| RELIANCE | 1221.25 | 1290 |
| SAIL | 110.64 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1479.3 | 1520 |
| SBIN | 779.3 | 800 |
| SHREECEM | 24095 | 24500 |
| SHRIRAMFIN | 2810.45 | 2900 |
| SIEMENS | 6636.6 | 6800 |
| SRF | 2147.15 | 2260 |
| SUNPHARMA | 1773.9 | 1800 |
| SUNTV | 726.55 | 730 |
| SYNGENE | 844.6 | 870 |
| TATACHEM | 1047.05 | 1100 |
| TATACOMM | 1709.65 | 1780 |
| TATACONSUM | 910.75 | 950 |
| TATAMOTORS | 774.6 | 800 |
| TATAPOWER | 408.85 | 420 |
| TATASTEEL | 140.27 | 145 |
| TCS | 4074.95 | 4100 |
| TECHM | 1698.05 | 1680 |
| TITAN | 3180 | 3200 |
| TORNTPHARM | 3095 | 3150 |
| TRENT | 6450.05 | 6600 |
| TVSMOTOR | 2388.05 | 2450 |
| UBL | 1815.4 | 1880 |
| ULTRACEMCO | 10984.05 | 11000 |
| UNITDSPR | 1491.65 | 1480 |
| UPL | 557 | 540 |
| VEDL | 440.5 | 460 |
| VOLTAS | 1665.6 | 1700 |
| WIPRO | 556.9 | 560 |
| ZYDUSLIFE | 943.2 | 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.
