DLF
Dlf Limited
Max pain for DLF
14 Jan 2025 03:20 PM IST
Max Pain for DLF is 770
Strike 620 has a total call value of 0 versus a total put value of 132,407,550,000 Combined total value = 132,407,550,000
Strike 630 has a total call value of 0 versus a total put value of 122,727,825,000 Combined total value = 122,727,825,000
Strike 640 has a total call value of 0 versus a total put value of 113,048,100,000 Combined total value = 113,048,100,000
Strike 650 has a total call value of 0 versus a total put value of 103,464,900,000 Combined total value = 103,464,900,000
Strike 660 has a total call value of 825,000 versus a total put value of 94,007,925,000 Combined total value = 94,008,750,000
Strike 670 has a total call value of 150,975,000 versus a total put value of 84,976,650,000 Combined total value = 85,127,625,000
Strike 680 has a total call value of 301,950,000 versus a total put value of 76,537,725,000 Combined total value = 76,839,675,000
Strike 690 has a total call value of 460,350,000 versus a total put value of 68,611,950,000 Combined total value = 69,072,300,000
Strike 700 has a total call value of 644,325,000 versus a total put value of 60,972,450,000 Combined total value = 61,616,775,000
Strike 710 has a total call value of 1,000,725,000 versus a total put value of 54,294,075,000 Combined total value = 55,294,800,000
Strike 720 has a total call value of 1,498,200,000 versus a total put value of 47,988,600,000 Combined total value = 49,486,800,000
Strike 730 has a total call value of 2,432,925,000 versus a total put value of 42,272,175,000 Combined total value = 44,705,100,000
Strike 740 has a total call value of 3,910,500,000 versus a total put value of 36,990,525,000 Combined total value = 40,901,025,000
Strike 750 has a total call value of 5,935,875,000 versus a total put value of 32,314,425,000 Combined total value = 38,250,300,000
Strike 760 has a total call value of 8,907,525,000 versus a total put value of 28,147,350,000 Combined total value = 37,054,875,000
Strike 770 has a total call value of 12,582,075,000 versus a total put value of 24,170,850,000 Combined total value = 36,752,925,000
Strike 780 has a total call value of 16,722,750,000 versus a total put value of 20,463,300,000 Combined total value = 37,186,050,000
Strike 790 has a total call value of 21,630,675,000 versus a total put value of 17,065,950,000 Combined total value = 38,696,625,000
Strike 800 has a total call value of 27,181,275,000 versus a total put value of 13,967,250,000 Combined total value = 41,148,525,000
Strike 810 has a total call value of 34,305,150,000 versus a total put value of 11,239,800,000 Combined total value = 45,544,950,000
Strike 820 has a total call value of 42,196,275,000 versus a total put value of 8,683,950,000 Combined total value = 50,880,225,000
Strike 830 has a total call value of 51,018,825,000 versus a total put value of 6,460,575,000 Combined total value = 57,479,400,000
Strike 840 has a total call value of 60,616,050,000 versus a total put value of 4,540,800,000 Combined total value = 65,156,850,000
Strike 850 has a total call value of 72,001,875,000 versus a total put value of 3,100,350,000 Combined total value = 75,102,225,000
Strike 860 has a total call value of 84,835,575,000 versus a total put value of 2,122,725,000 Combined total value = 86,958,300,000
Strike 870 has a total call value of 98,406,000,000 versus a total put value of 1,424,775,000 Combined total value = 99,830,775,000
Strike 880 has a total call value of 112,425,225,000 versus a total put value of 932,250,000 Combined total value = 113,357,475,000
Strike 890 has a total call value of 126,986,475,000 versus a total put value of 543,675,000 Combined total value = 127,530,150,000
Strike 900 has a total call value of 141,800,175,000 versus a total put value of 198,000,000 Combined total value = 141,998,175,000
Strike 910 has a total call value of 157,990,800,000 versus a total put value of 99,000,000 Combined total value = 158,089,800,000
Strike 920 has a total call value of 174,243,300,000 versus a total put value of 0 Combined total value = 174,243,300,000
Strike 930 has a total call value of 190,666,575,000 versus a total put value of 0 Combined total value = 190,666,575,000
Strike 940 has a total call value of 207,143,475,000 versus a total put value of 0 Combined total value = 207,143,475,000
Strike 950 has a total call value of 223,767,225,000 versus a total put value of 0 Combined total value = 223,767,225,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 410.15 | 420 |
| ABB | 6161.95 | 6600 |
| ABBOTINDIA | 28370 | 29000 |
| ABCAPITAL | 175.12 | 182.5 |
| ABFRL | 269.95 | 280 |
| ACC | 1947 | 2060 |
| ADANIENSOL | 773 | 780 |
| ADANIENT | 2382 | 2500 |
| ADANIGREEN | 1010 | 1000 |
| ADANIPORTS | 1122.65 | 1180 |
| ALKEM | 5252.75 | 5450 |
| AMBUJACEM | 516.2 | 550 |
| ANGELONE | 2370.05 | 2500 |
| APLAPOLLO | 1463.9 | 1520 |
| APOLLOHOSP | 6716 | 7050 |
| APOLLOTYRE | 452.9 | 470 |
| ASHOKLEY | 210.5 | 220 |
| ASIANPAINT | 2240 | 2300 |
| ASTRAL | 1495.5 | 1600 |
| ATGL | 668.6 | 680 |
| ATUL | 6756 | 6900 |
| AUBANK | 578.15 | 565 |
| AUROPHARMA | 1175.45 | 1220 |
| AXISBANK | 1055.5 | 1080 |
| BAJAJ-AUTO | 8618 | 8900 |
| BAJAJFINSV | 1727 | 1660 |
| BAJFINANCE | 7342.1 | 7200 |
| BALKRISIND | 2721.65 | 2800 |
| BANDHANBNK | 149.05 | 160 |
| BANKBARODA | 224.9 | 240 |
| BANKINDIA | 95.1 | 98 |
| BATAINDIA | 1348 | 1380 |
| BEL | 270.55 | 280 |
| BERGEPAINT | 463.7 | 460 |
| BHARATFORG | 1195.8 | 1260 |
| BHARTIARTL | 1594.05 | 1600 |
| BHEL | 197.9 | 220 |
| BIOCON | 387.4 | 375 |
| BOSCHLTD | 31555 | 33000 |
| BPCL | 271.25 | 280 |
| BRITANNIA | 4870.05 | 4850 |
| BSE | 5440 | 5300 |
| BSOFT | 534.75 | 560 |
| CAMS | 4248.5 | 4600 |
| CANBK | 93.62 | 98 |
| CANFINHOME | 673.4 | 700 |
| CDSL | 1580 | 1700 |
| CESC | 154.1 | 160 |
| CGPOWER | 640.75 | 670 |
| CHAMBLFERT | 476.95 | 490 |
| CHOLAFIN | 1277.05 | 1260 |
| CIPLA | 1444.95 | 1500 |
| COALINDIA | 370 | 385 |
| COFORGE | 8603.15 | 9000 |
| COLPAL | 2708 | 2780 |
| CONCOR | 762.95 | 780 |
| COROMANDEL | 1831.2 | 1880 |
| CROMPTON | 358.05 | 370 |
| CUB | 168.05 | 170 |
| CUMMINSIND | 2943.5 | 3150 |
| CYIENT | 1716.85 | 1720 |
| DABUR | 514.85 | 515 |
| DALBHARAT | 1714.75 | 1740 |
| DEEPAKNTR | 2349 | 2450 |
| DELHIVERY | 326.1 | 335 |
| DIVISLAB | 5990 | 5900 |
| DIXON | 16300 | 17000 |
| DLF | 725.5 | 770 |
| DMART | 3488 | 3700 |
| DRREDDY | 1337 | 1350 |
| EICHERMOT | 5033.1 | 5000 |
| ESCORTS | 3442 | 3300 |
| EXIDEIND | 383.5 | 410 |
| FEDERALBNK | 193.69 | 197.5 |
| GAIL | 176.3 | 190 |
| GLENMARK | 1517.6 | 1560 |
| GMRAIRPORT | 72.96 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 536.3 | 550 |
| GODREJCP | 1145.95 | 1140 |
| GODREJPROP | 2317.5 | 2500 |
| GRANULES | 582.7 | 590 |
| GRASIM | 2311.25 | 2480 |
| GUJGASLTD | 488 | 495 |
| HAL | 3841.85 | 4150 |
| HAVELLS | 1530 | 1600 |
| HCLTECH | 1819.95 | 1840 |
| HDFCAMC | 3899.05 | 3900 |
| HDFCBANK | 1650.75 | 1700 |
| HDFCLIFE | 600.95 | 620 |
| HEROMOTOCO | 4107 | 4200 |
| HFCL | 98.59 | 105 |
| HINDALCO | 590.35 | 600 |
| HINDCOPPER | 226 | 250 |
| HINDPETRO | 374.8 | 395 |
| HINDUNILVR | 2369 | 2400 |
| HUDCO | 214.98 | 220 |
| ICICIBANK | 1242.95 | 1270 |
| ICICIGI | 1840 | 1860 |
| ICICIPRULI | 641.9 | 660 |
| IDEA | 8.29 | 8 |
| IDFCFIRSTB | 62.15 | 63 |
| IEX | 166.97 | 177.5 |
| IGL | 411.5 | 410 |
| INDHOTEL | 783.4 | 800 |
| INDIAMART | 2265 | 2300 |
| INDIANB | 505.9 | 520 |
| INDIGO | 4016.05 | 4250 |
| INDUSINDBK | 964 | 980 |
| INDUSTOWER | 340.9 | 340 |
| INFY | 1938 | 1940 |
| IOC | 127.15 | 135 |
| IPCALAB | 1584.2 | 1640 |
| IRB | 51.68 | 55 |
| IRCTC | 757.5 | 790 |
| IRFC | 136.35 | 135 |
| ITC | 436.95 | 445 |
| JINDALSTEL | 909.05 | 940 |
| JIOFIN | 273.75 | 285 |
| JKCEMENT | 4397.95 | 4500 |
| JSL | 627 | 630 |
| JSWENERGY | 550.95 | 570 |
| JSWSTEEL | 904.25 | 920 |
| JUBLFOOD | 711.6 | 730 |
| KALYANKJIL | 599 | 640 |
| KEI | 4030.85 | 4200 |
| KOTAKBANK | 1759.5 | 1800 |
| KPITTECH | 1329 | 1400 |
| LALPATHLAB | 2808 | 2950 |
| LAURUSLABS | 568 | 590 |
| LICHSGFIN | 554.05 | 590 |
| LICI | 827 | 860 |
| LODHA | 1150 | 1260 |
| LT | 3465 | 3600 |
| LTF | 134.35 | 140 |
| LTIM | 5767.85 | 5800 |
| LTTS | 4717 | 4800 |
| LUPIN | 2158.2 | 2240 |
| M&M | 3051.5 | 3100 |
| M&MFIN | 267.2 | 270 |
| MANAPPURAM | 181.3 | 190 |
| MARICO | 663.45 | 660 |
| MARUTI | 11745 | 11600 |
| MAXHEALTH | 1085 | 1140 |
| MCX | 5699.95 | 6000 |
| METROPOLIS | 1873.4 | 2000 |
| MFSL | 1055 | 1100 |
| MGL | 1270 | 1280 |
| MOTHERSON | 145.36 | 155 |
| MPHASIS | 2780 | 2900 |
| MRF | 114500 | 118000 |
| MUTHOOTFIN | 2126.5 | 2140 |
| NATIONALUM | 199.98 | 210 |
| NAUKRI | 7459.4 | 8000 |
| NAVINFLUOR | 3650 | 3650 |
| NCC | 247 | 260 |
| NESTLEIND | 2225 | 2200 |
| NHPC | 76.4 | 78 |
| NMDC | 63.5 | 67 |
| NTPC | 312.3 | 320 |
| NYKAA | 165.59 | 167.5 |
| OBEROIRLTY | 1981.8 | 2140 |
| OFSS | 10700 | 11500 |
| OIL | 465 | 460 |
| ONGC | 260.6 | 257.5 |
| PAGEIND | 46508.25 | 47000 |
| PAYTM | 818.95 | 880 |
| PEL | 1027.95 | 1080 |
| PERSISTENT | 5910 | 6200 |
| PETRONET | 325.2 | 335 |
| PFC | 418.8 | 440 |
| PIDILITIND | 2813 | 2900 |
| PIIND | 3465 | 3600 |
| PNB | 98.89 | 102 |
| POLICYBZR | 1753.7 | 1850 |
| POLYCAB | 6474 | 6800 |
| POONAWALLA | 309.55 | 315 |
| POWERGRID | 292 | 305 |
| PRESTIGE | 1430.9 | 1550 |
| PVRINOX | 1092 | 1180 |
| RAMCOCEM | 885 | 930 |
| RBLBANK | 155.85 | 160 |
| RECLTD | 479 | 500 |
| RELIANCE | 1239 | 1250 |
| SAIL | 105.9 | 112.5 |
| SBICARD | 735.5 | 730 |
| SBILIFE | 1492.15 | 1440 |
| SBIN | 750.5 | 780 |
| SHREECEM | 25301 | 25750 |
| SHRIRAMFIN | 546.75 | 570 |
| SIEMENS | 5881.75 | 6200 |
| SJVN | 94.7 | 100 |
| SONACOMS | 571.9 | 580 |
| SRF | 2512 | 2560 |
| SUNPHARMA | 1774.5 | 1820 |
| SUNTV | 658.45 | 680 |
| SUPREMEIND | 4386 | 4500 |
| SYNGENE | 829.95 | 850 |
| TATACHEM | 966.8 | 1020 |
| TATACOMM | 1678.15 | 1740 |
| TATACONSUM | 959.35 | 950 |
| TATAELXSI | 6093 | 6200 |
| TATAMOTORS | 772.3 | 780 |
| TATAPOWER | 358.1 | 380 |
| TATASTEEL | 127.22 | 135 |
| TCS | 4241.15 | 4200 |
| TECHM | 1647.1 | 1680 |
| TIINDIA | 3344 | 3500 |
| TITAN | 3335 | 3400 |
| TORNTPHARM | 3265 | 3350 |
| TRENT | 6160 | 6600 |
| TVSMOTOR | 2234.55 | 2320 |
| UBL | 1983.65 | 1980 |
| ULTRACEMCO | 10500 | 11100 |
| UNIONBANK | 104.45 | 110 |
| UNITDSPR | 1406 | 1500 |
| UPL | 542.95 | 537.2 |
| VBL | 569.8 | 600 |
| VEDL | 431.65 | 450 |
| VOLTAS | 1641.9 | 1720 |
| WIPRO | 292.9 | 295 |
| YESBANK | 18.09 | 19 |
| ZOMATO | 234.75 | 250 |
| ZYDUSLIFE | 1001.5 | 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.
