DLF
Dlf Limited
Max pain for DLF
12 May 2025 11:40 AM IST
Max Pain for DLF is 670
Strike 500 has a total call value of 0 versus a total put value of 111,018,600,000 Combined total value = 111,018,600,000
Strike 510 has a total call value of 0 versus a total put value of 102,941,025,000 Combined total value = 102,941,025,000
Strike 520 has a total call value of 0 versus a total put value of 94,863,450,000 Combined total value = 94,863,450,000
Strike 530 has a total call value of 0 versus a total put value of 86,970,675,000 Combined total value = 86,970,675,000
Strike 540 has a total call value of 0 versus a total put value of 79,241,250,000 Combined total value = 79,241,250,000
Strike 550 has a total call value of 0 versus a total put value of 71,661,975,000 Combined total value = 71,661,975,000
Strike 560 has a total call value of 0 versus a total put value of 64,306,275,000 Combined total value = 64,306,275,000
Strike 570 has a total call value of 0 versus a total put value of 57,063,600,000 Combined total value = 57,063,600,000
Strike 580 has a total call value of 0 versus a total put value of 49,986,750,000 Combined total value = 49,986,750,000
Strike 590 has a total call value of 8,250,000 versus a total put value of 43,327,350,000 Combined total value = 43,335,600,000
Strike 600 has a total call value of 16,500,000 versus a total put value of 36,807,375,000 Combined total value = 36,823,875,000
Strike 610 has a total call value of 89,925,000 versus a total put value of 31,066,200,000 Combined total value = 31,156,125,000
Strike 620 has a total call value of 199,650,000 versus a total put value of 25,543,650,000 Combined total value = 25,743,300,000
Strike 630 has a total call value of 503,250,000 versus a total put value of 20,482,275,000 Combined total value = 20,985,525,000
Strike 640 has a total call value of 1,032,900,000 versus a total put value of 16,050,375,000 Combined total value = 17,083,275,000
Strike 650 has a total call value of 1,906,575,000 versus a total put value of 12,247,950,000 Combined total value = 14,154,525,000
Strike 660 has a total call value of 3,344,550,000 versus a total put value of 9,209,475,000 Combined total value = 12,554,025,000
Strike 670 has a total call value of 5,341,875,000 versus a total put value of 6,764,175,000 Combined total value = 12,106,050,000
Strike 680 has a total call value of 8,086,650,000 versus a total put value of 4,764,375,000 Combined total value = 12,851,025,000
Strike 690 has a total call value of 11,787,600,000 versus a total put value of 3,325,575,000 Combined total value = 15,113,175,000
Strike 700 has a total call value of 16,367,175,000 versus a total put value of 2,279,475,000 Combined total value = 18,646,650,000
Strike 710 has a total call value of 23,172,600,000 versus a total put value of 1,701,150,000 Combined total value = 24,873,750,000
Strike 720 has a total call value of 30,435,900,000 versus a total put value of 1,189,650,000 Combined total value = 31,625,550,000
Strike 730 has a total call value of 38,434,275,000 versus a total put value of 769,725,000 Combined total value = 39,204,000,000
Strike 740 has a total call value of 46,763,475,000 versus a total put value of 405,900,000 Combined total value = 47,169,375,000
Strike 750 has a total call value of 55,401,225,000 versus a total put value of 116,325,000 Combined total value = 55,517,550,000
Strike 760 has a total call value of 64,649,475,000 versus a total put value of 0 Combined total value = 64,649,475,000
Strike 770 has a total call value of 74,233,500,000 versus a total put value of 0 Combined total value = 74,233,500,000
Strike 780 has a total call value of 83,817,525,000 versus a total put value of 0 Combined total value = 83,817,525,000
Strike 790 has a total call value of 93,904,800,000 versus a total put value of 0 Combined total value = 93,904,800,000
Strike 800 has a total call value of 103,992,075,000 versus a total put value of 0 Combined total value = 103,992,075,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 462.95 | 450 |
| ABB | 5526 | 5600 |
| ABCAPITAL | 203.94 | 200 |
| ABFRL | 266 | 270 |
| ACC | 1855.5 | 1900 |
| ADANIENSOL | 886.4 | 900 |
| ADANIENT | 2410.5 | 2460 |
| ADANIGREEN | 935.6 | 940 |
| ADANIPORTS | 1362 | 1300 |
| ALKEM | 4997 | 5000 |
| AMBUJACEM | 540.65 | 545 |
| ANGELONE | 2438.1 | 2400 |
| APLAPOLLO | 1711 | 1660 |
| APOLLOHOSP | 6923 | 6950 |
| APOLLOTYRE | 474.15 | 475 |
| ASHOKLEY | 228.21 | 225 |
| ASIANPAINT | 2365.9 | 2380 |
| ASTRAL | 1324.2 | 1340 |
| ATGL | 630 | 620 |
| AUBANK | 697.8 | 670 |
| AUROPHARMA | 1195.1 | 1200 |
| AXISBANK | 1196.2 | 1180 |
| BAJAJ-AUTO | 7932 | 8000 |
| BAJAJFINSV | 2036.4 | 2000 |
| BAJFINANCE | 8944.5 | 9000 |
| BALKRISIND | 2755.1 | 2720 |
| BANDHANBNK | 162.6 | 165 |
| BANKBARODA | 226.5 | 230 |
| BANKINDIA | 110.09 | 111 |
| BEL | 318.15 | 310 |
| BHARATFORG | 1176.2 | 1140 |
| BHARTIARTL | 1868.7 | 1860 |
| BHEL | 231.74 | 230 |
| BIOCON | 326.35 | 330 |
| BOSCHLTD | 30775 | 30000 |
| BPCL | 310 | 310 |
| BRITANNIA | 5511.5 | 5450 |
| BSE | 6903 | 6600 |
| BSOFT | 411.45 | 400 |
| CAMS | 3651.4 | 3700 |
| CANBK | 100.77 | 99 |
| CDSL | 1267.6 | 1280 |
| CESC | 166 | 160 |
| CGPOWER | 633.85 | 630 |
| CHAMBLFERT | 698.7 | 690 |
| CHOLAFIN | 1572.8 | 1540 |
| CIPLA | 1503.6 | 1500 |
| COALINDIA | 392.85 | 390 |
| COFORGE | 8100 | 7500 |
| COLPAL | 2623 | 2600 |
| CONCOR | 678.65 | 700 |
| CROMPTON | 332.25 | 335 |
| CUMMINSIND | 2836.8 | 2900 |
| CYIENT | 1228.4 | 1200 |
| DABUR | 472.4 | 480 |
| DALBHARAT | 1985.7 | 1940 |
| DEEPAKNTR | 1974.6 | 1980 |
| DELHIVERY | 306.8 | 300 |
| DIVISLAB | 5994.5 | 6000 |
| DIXON | 16155 | 16000 |
| DLF | 666.8 | 670 |
| DMART | 4033.2 | 4050 |
| DRREDDY | 1184.3 | 1170 |
| EICHERMOT | 5487.5 | 5550 |
| ESCORTS | 3345.7 | 3300 |
| ETERNAL | 238.6 | 230 |
| EXIDEIND | 375.65 | 375 |
| FEDERALBNK | 193.21 | 195 |
| GAIL | 187.15 | 190 |
| GLENMARK | 1386.8 | 1400 |
| GMRAIRPORT | 88.43 | 86 |
| GODREJCP | 1270.5 | 1250 |
| GODREJPROP | 2105.1 | 2100 |
| GRANULES | 452.4 | 460 |
| GRASIM | 2753.2 | 2700 |
| HAL | 4436 | 4500 |
| HAVELLS | 1578.8 | 1600 |
| HCLTECH | 1639 | 1580 |
| HDFCAMC | 4473.1 | 4400 |
| HDFCBANK | 1956.9 | 1940 |
| HDFCLIFE | 733.5 | 720 |
| HEROMOTOCO | 3923.2 | 3900 |
| HFCL | 81 | 80 |
| HINDALCO | 643.6 | 640 |
| HINDCOPPER | 217.39 | 215 |
| HINDPETRO | 392.7 | 390 |
| HINDUNILVR | 2381.7 | 2380 |
| HINDZINC | 426.6 | 430 |
| HUDCO | 219.78 | 220 |
| ICICIBANK | 1436.8 | 1430 |
| ICICIGI | 1827 | 1840 |
| ICICIPRULI | 601.45 | 600 |
| IDEA | 7.03 | 8 |
| IDFCFIRSTB | 68.78 | 66 |
| IEX | 194.87 | 192.5 |
| IGL | 204.29 | 195 |
| IIFL | 386.95 | 370 |
| INDHOTEL | 761.6 | 760 |
| INDIANB | 572.25 | 570 |
| INDIGO | 5514 | 5300 |
| INDUSINDBK | 801.15 | 830 |
| INDUSTOWER | 395.75 | 390 |
| INFY | 1570.1 | 1500 |
| INOXWIND | 166.61 | 170 |
| IOC | 142.93 | 143 |
| IRB | 47.42 | 46 |
| IRCTC | 750.1 | 760 |
| IREDA | 165.72 | 160 |
| IRFC | 123.17 | 125 |
| ITC | 433.7 | 430 |
| JINDALSTEL | 880.9 | 900 |
| JIOFIN | 261.25 | 260 |
| JSL | 597.7 | 600 |
| JSWENERGY | 475.7 | 480 |
| JSWSTEEL | 987.9 | 990 |
| JUBLFOOD | 688.1 | 700 |
| KALYANKJIL | 533.55 | 520 |
| KEI | 3373.9 | 3200 |
| KOTAKBANK | 2147.5 | 2140 |
| KPITTECH | 1306.4 | 1260 |
| LAURUSLABS | 592.75 | 610 |
| LICHSGFIN | 596.1 | 600 |
| LICI | 808.65 | 800 |
| LODHA | 1284.1 | 1300 |
| LT | 3545.1 | 3400 |
| LTF | 168.56 | 165 |
| LTIM | 4777 | 4600 |
| LUPIN | 2016.6 | 2040 |
| M&M | 3049.4 | 3000 |
| M&MFIN | 254.75 | 265 |
| MANAPPURAM | 231.98 | 230 |
| MARICO | 732.7 | 720 |
| MARUTI | 12529 | 12000 |
| MAXHEALTH | 1150.8 | 1140 |
| MCX | 6114 | 6000 |
| MFSL | 1285 | 1280 |
| MGL | 1399.1 | 1380 |
| MOTHERSON | 143.14 | 140 |
| MPHASIS | 2492.1 | 2500 |
| MRF | 139665 | 138000 |
| MUTHOOTFIN | 2296.9 | 2200 |
| NATIONALUM | 163.85 | 165 |
| NAUKRI | 1447.5 | 1400 |
| NBCC | 97.28 | 98 |
| NCC | 217.06 | 217.5 |
| NESTLEIND | 2361 | 2360 |
| NHPC | 82.24 | 84 |
| NMDC | 66.66 | 67 |
| NTPC | 347.65 | 345 |
| NYKAA | 197.88 | 195 |
| OBEROIRLTY | 1600.7 | 1600 |
| OFSS | 8555 | 8335 |
| OIL | 411.5 | 400 |
| ONGC | 242.27 | 240 |
| PAGEIND | 46670 | 46000 |
| PATANJALI | 1824.8 | 1860 |
| PAYTM | 855.75 | 860 |
| PEL | 1047.8 | 1020 |
| PERSISTENT | 5749.5 | 5400 |
| PETRONET | 312.9 | 310 |
| PFC | 409 | 420 |
| PHOENIXLTD | 1510.7 | 1550 |
| PIDILITIND | 3053.2 | 3020 |
| PIIND | 3690.7 | 3700 |
| PNB | 95.47 | 96 |
| PNBHOUSING | 1067.6 | 1060 |
| POLICYBZR | 1661.5 | 1640 |
| POLYCAB | 5905 | 5800 |
| POONAWALLA | 386.4 | 380 |
| POWERGRID | 308.75 | 310 |
| PRESTIGE | 1337.2 | 1340 |
| RAMCOCEM | 950 | 950 |
| RBLBANK | 204.1 | 200 |
| RECLTD | 409.25 | 420 |
| RELIANCE | 1423 | 1380 |
| SAIL | 114.91 | 115 |
| SBICARD | 899 | 890 |
| SBILIFE | 1750.8 | 1720 |
| SBIN | 800.85 | 800 |
| SHREECEM | 29945 | 30000 |
| SHRIRAMFIN | 638.45 | 620 |
| SIEMENS | 2927.2 | 2900 |
| SJVN | 94.09 | 95 |
| SOLARINDS | 13246 | 13000 |
| SONACOMS | 510.95 | 490 |
| SRF | 3036.9 | 3000 |
| SUNPHARMA | 1684 | 1700 |
| SUPREMEIND | 3573.3 | 3500 |
| SYNGENE | 621.35 | 630 |
| TATACHEM | 840.95 | 850 |
| TATACOMM | 1553.2 | 1600 |
| TATACONSUM | 1149.4 | 1130 |
| TATAELXSI | 5952 | 5700 |
| TATAMOTORS | 716.95 | 690 |
| TATAPOWER | 389.1 | 400 |
| TATASTEEL | 147.52 | 145 |
| TATATECH | 682.05 | 660 |
| TCS | 3543.2 | 3460 |
| TECHM | 1539.2 | 1500 |
| TIINDIA | 2913.9 | 2850 |
| TITAGARH | 736.6 | 740 |
| TITAN | 3559.9 | 3480 |
| TORNTPHARM | 3192.8 | 3250 |
| TORNTPOWER | 1459.2 | 1440 |
| TRENT | 5387 | 5300 |
| TVSMOTOR | 2758.7 | 2720 |
| ULTRACEMCO | 11639 | 11800 |
| UNIONBANK | 127.71 | 125 |
| UNITDSPR | 1559.5 | 1560 |
| UPL | 692.95 | 670 |
| VBL | 511.35 | 510 |
| VEDL | 423.85 | 420 |
| VOLTAS | 1257.4 | 1260 |
| WIPRO | 250.84 | 245 |
| YESBANK | 20.43 | 20 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 881.85 | 880 |
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.
