EICHERMOT
Eicher Motors Ltd
Max pain for EICHERMOT
14 Jan 2025 02:23 PM IST
Max Pain for EICHERMOT is 5000
Strike 4000 has a total call value of 0 versus a total put value of 123,736,375,000 Combined total value = 123,736,375,000
Strike 4050 has a total call value of 0 versus a total put value of 116,683,875,000 Combined total value = 116,683,875,000
Strike 4100 has a total call value of 0 versus a total put value of 109,631,375,000 Combined total value = 109,631,375,000
Strike 4150 has a total call value of 0 versus a total put value of 102,578,875,000 Combined total value = 102,578,875,000
Strike 4200 has a total call value of 0 versus a total put value of 95,526,375,000 Combined total value = 95,526,375,000
Strike 4250 has a total call value of 0 versus a total put value of 88,749,500,000 Combined total value = 88,749,500,000
Strike 4300 has a total call value of 0 versus a total put value of 81,972,625,000 Combined total value = 81,972,625,000
Strike 4350 has a total call value of 0 versus a total put value of 75,398,750,000 Combined total value = 75,398,750,000
Strike 4400 has a total call value of 0 versus a total put value of 68,824,875,000 Combined total value = 68,824,875,000
Strike 4450 has a total call value of 0 versus a total put value of 62,535,375,000 Combined total value = 62,535,375,000
Strike 4500 has a total call value of 0 versus a total put value of 56,338,625,000 Combined total value = 56,338,625,000
Strike 4550 has a total call value of 17,500,000 versus a total put value of 50,435,875,000 Combined total value = 50,453,375,000
Strike 4600 has a total call value of 35,000,000 versus a total put value of 44,594,375,000 Combined total value = 44,629,375,000
Strike 4650 has a total call value of 52,500,000 versus a total put value of 39,202,625,000 Combined total value = 39,255,125,000
Strike 4700 has a total call value of 70,000,000 versus a total put value of 33,944,750,000 Combined total value = 34,014,750,000
Strike 4750 has a total call value of 136,500,000 versus a total put value of 29,151,500,000 Combined total value = 29,288,000,000
Strike 4800 has a total call value of 203,000,000 versus a total put value of 24,500,000,000 Combined total value = 24,703,000,000
Strike 4850 has a total call value of 511,000,000 versus a total put value of 20,507,375,000 Combined total value = 21,018,375,000
Strike 4900 has a total call value of 943,250,000 versus a total put value of 16,645,125,000 Combined total value = 17,588,375,000
Strike 4950 has a total call value of 1,605,625,000 versus a total put value of 13,307,875,000 Combined total value = 14,913,500,000
Strike 5000 has a total call value of 2,383,500,000 versus a total put value of 10,314,500,000 Combined total value = 12,698,000,000
Strike 5050 has a total call value of 4,806,375,000 versus a total put value of 8,048,250,000 Combined total value = 12,854,625,000
Strike 5100 has a total call value of 7,789,250,000 versus a total put value of 6,058,500,000 Combined total value = 13,847,750,000
Strike 5150 has a total call value of 11,370,625,000 versus a total put value of 4,401,250,000 Combined total value = 15,771,875,000
Strike 5200 has a total call value of 15,407,875,000 versus a total put value of 2,913,750,000 Combined total value = 18,321,625,000
Strike 5250 has a total call value of 20,325,375,000 versus a total put value of 1,782,375,000 Combined total value = 22,107,750,000
Strike 5300 has a total call value of 25,562,250,000 versus a total put value of 834,750,000 Combined total value = 26,397,000,000
Strike 5350 has a total call value of 31,655,750,000 versus a total put value of 296,625,000 Combined total value = 31,952,375,000
Strike 5400 has a total call value of 38,165,750,000 versus a total put value of 0 Combined total value = 38,165,750,000
Strike 5450 has a total call value of 45,331,125,000 versus a total put value of 0 Combined total value = 45,331,125,000
Strike 5500 has a total call value of 53,025,000,000 versus a total put value of 0 Combined total value = 53,025,000,000
Strike 5550 has a total call value of 61,662,125,000 versus a total put value of 0 Combined total value = 61,662,125,000
Strike 5600 has a total call value of 70,405,125,000 versus a total put value of 0 Combined total value = 70,405,125,000
Strike 5650 has a total call value of 80,012,625,000 versus a total put value of 0 Combined total value = 80,012,625,000
Strike 5700 has a total call value of 89,754,000,000 versus a total put value of 0 Combined total value = 89,754,000,000
Strike 5750 has a total call value of 99,848,000,000 versus a total put value of 0 Combined total value = 99,848,000,000
Strike 5800 has a total call value of 110,102,125,000 versus a total put value of 0 Combined total value = 110,102,125,000
Strike 5850 has a total call value of 120,719,375,000 versus a total put value of 0 Combined total value = 120,719,375,000
Strike 5900 has a total call value of 131,496,750,000 versus a total put value of 0 Combined total value = 131,496,750,000
Strike 5950 has a total call value of 142,407,125,000 versus a total put value of 0 Combined total value = 142,407,125,000
Strike 6000 has a total call value of 153,317,500,000 versus a total put value of 0 Combined total value = 153,317,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 409.25 | 420 |
| ABB | 6151.05 | 6600 |
| ABBOTINDIA | 28314.75 | 29000 |
| ABCAPITAL | 174.8 | 182.5 |
| ABFRL | 270.9 | 280 |
| ACC | 1946.05 | 2060 |
| ADANIENSOL | 778.7 | 780 |
| ADANIENT | 2392.95 | 2500 |
| ADANIGREEN | 1007.3 | 1000 |
| ADANIPORTS | 1123.65 | 1180 |
| ALKEM | 5277 | 5400 |
| AMBUJACEM | 514.35 | 550 |
| ANGELONE | 2380.25 | 2500 |
| APLAPOLLO | 1468.75 | 1500 |
| APOLLOHOSP | 6701.5 | 7050 |
| APOLLOTYRE | 453.45 | 470 |
| ASHOKLEY | 211.04 | 220 |
| ASIANPAINT | 2245.05 | 2300 |
| ASTRAL | 1494.25 | 1600 |
| ATGL | 681.6 | 670 |
| ATUL | 6752.6 | 6700 |
| AUBANK | 579.85 | 565 |
| AUROPHARMA | 1179 | 1220 |
| AXISBANK | 1056.25 | 1080 |
| BAJAJ-AUTO | 8608.35 | 8900 |
| BAJAJFINSV | 1706 | 1640 |
| BAJFINANCE | 7331.85 | 7200 |
| BALKRISIND | 2706.2 | 2800 |
| BANDHANBNK | 145.86 | 160 |
| BANKBARODA | 225.8 | 240 |
| BANKINDIA | 94.38 | 98 |
| BATAINDIA | 1343.4 | 1380 |
| BEL | 268.4 | 280 |
| BERGEPAINT | 462.75 | 460 |
| BHARATFORG | 1196.2 | 1260 |
| BHARTIARTL | 1591.1 | 1600 |
| BHEL | 196.59 | 220 |
| BIOCON | 388.85 | 375 |
| BOSCHLTD | 31620.45 | 33000 |
| BPCL | 270.45 | 280 |
| BRITANNIA | 4867.4 | 4850 |
| BSE | 5463.1 | 5300 |
| BSOFT | 534.3 | 560 |
| CAMS | 4252 | 4700 |
| CANBK | 93.94 | 98 |
| CANFINHOME | 668.3 | 700 |
| CDSL | 1574 | 1700 |
| CESC | 153.55 | 160 |
| CGPOWER | 635 | 660 |
| CHAMBLFERT | 474.6 | 490 |
| CHOLAFIN | 1273.7 | 1260 |
| CIPLA | 1445.55 | 1500 |
| COALINDIA | 368.75 | 385 |
| COFORGE | 8591.9 | 9100 |
| COLPAL | 2704.15 | 2800 |
| CONCOR | 761.05 | 780 |
| COROMANDEL | 1823.8 | 1880 |
| CROMPTON | 358.75 | 370 |
| CUB | 167.22 | 170 |
| CUMMINSIND | 2944.25 | 3150 |
| CYIENT | 1697.5 | 1720 |
| DABUR | 511.1 | 515 |
| DALBHARAT | 1730.95 | 1740 |
| DEEPAKNTR | 2343.3 | 2450 |
| DELHIVERY | 324.85 | 335 |
| DIVISLAB | 5958.4 | 5900 |
| DIXON | 16220 | 17000 |
| DLF | 725.35 | 770 |
| DMART | 3467.5 | 3700 |
| DRREDDY | 1336 | 1350 |
| EICHERMOT | 5021.35 | 5000 |
| ESCORTS | 3439.15 | 3300 |
| EXIDEIND | 382.5 | 410 |
| FEDERALBNK | 193.93 | 197.5 |
| GAIL | 175.38 | 190 |
| GLENMARK | 1512.45 | 1560 |
| GMRAIRPORT | 71.67 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 537.35 | 550 |
| GODREJCP | 1137.2 | 1140 |
| GODREJPROP | 2303.9 | 2500 |
| GRANULES | 589.1 | 590 |
| GRASIM | 2303.05 | 2480 |
| GUJGASLTD | 487.45 | 495 |
| HAL | 3821.6 | 4150 |
| HAVELLS | 1541.9 | 1600 |
| HCLTECH | 1826.05 | 1840 |
| HDFCAMC | 3915.7 | 3950 |
| HDFCBANK | 1652.75 | 1700 |
| HDFCLIFE | 599.95 | 620 |
| HEROMOTOCO | 4103.45 | 4200 |
| HFCL | 98.2 | 105 |
| HINDALCO | 589.7 | 600 |
| HINDCOPPER | 224 | 250 |
| HINDPETRO | 371.8 | 390 |
| HINDUNILVR | 2373.2 | 2400 |
| HUDCO | 214.18 | 220 |
| ICICIBANK | 1240.05 | 1270 |
| ICICIGI | 1823.65 | 1860 |
| ICICIPRULI | 639.5 | 650 |
| IDEA | 8.12 | 8 |
| IDFCFIRSTB | 62.3 | 63 |
| IEX | 167 | 175 |
| IGL | 410.25 | 410 |
| INDHOTEL | 772.65 | 800 |
| INDIAMART | 2249.35 | 2300 |
| INDIANB | 505.9 | 520 |
| INDIGO | 3999 | 4250 |
| INDUSINDBK | 973.7 | 980 |
| INDUSTOWER | 339.15 | 340 |
| INFY | 1942.7 | 1940 |
| IOC | 126.62 | 135 |
| IPCALAB | 1588.75 | 1640 |
| IRB | 51.28 | 55 |
| IRCTC | 757.95 | 790 |
| IRFC | 134.5 | 137.5 |
| ITC | 436.35 | 445 |
| JINDALSTEL | 912.55 | 940 |
| JIOFIN | 272.1 | 285 |
| JKCEMENT | 4378.85 | 4500 |
| JSL | 628.4 | 630 |
| JSWENERGY | 549.75 | 570 |
| JSWSTEEL | 903.9 | 920 |
| JUBLFOOD | 709.1 | 730 |
| KALYANKJIL | 598.8 | 640 |
| KEI | 4023.2 | 4200 |
| KOTAKBANK | 1761.7 | 1800 |
| KPITTECH | 1330.1 | 1400 |
| LALPATHLAB | 2809.85 | 2950 |
| LAURUSLABS | 566.65 | 590 |
| LICHSGFIN | 553.75 | 580 |
| LICI | 822.15 | 860 |
| LODHA | 1142.2 | 1260 |
| LT | 3462.35 | 3600 |
| LTF | 133.5 | 140 |
| LTIM | 5804 | 5800 |
| LTTS | 4716.45 | 4800 |
| LUPIN | 2156.65 | 2240 |
| M&M | 3057.9 | 3100 |
| M&MFIN | 266.3 | 270 |
| MANAPPURAM | 177.45 | 190 |
| MARICO | 657.9 | 660 |
| MARUTI | 11731.7 | 11600 |
| MAXHEALTH | 1086.8 | 1140 |
| MCX | 5709.35 | 6000 |
| METROPOLIS | 1873.4 | 2000 |
| MFSL | 1055.45 | 1100 |
| MGL | 1273.25 | 1280 |
| MOTHERSON | 145.54 | 155 |
| MPHASIS | 2784.45 | 2900 |
| MRF | 114499 | 118000 |
| MUTHOOTFIN | 2125 | 2140 |
| NATIONALUM | 198.94 | 210 |
| NAUKRI | 7455.75 | 8000 |
| NAVINFLUOR | 3602.85 | 3650 |
| NCC | 245.85 | 260 |
| NESTLEIND | 2215 | 2200 |
| NHPC | 76.76 | 78 |
| NMDC | 63.15 | 67 |
| NTPC | 310.1 | 320 |
| NYKAA | 165.09 | 167.5 |
| OBEROIRLTY | 1988.9 | 2140 |
| OFSS | 10760 | 11500 |
| OIL | 466.3 | 460 |
| ONGC | 259.43 | 257.5 |
| PAGEIND | 46359.65 | 47000 |
| PAYTM | 821.65 | 880 |
| PEL | 1025.55 | 1080 |
| PERSISTENT | 5900.8 | 6200 |
| PETRONET | 324.5 | 335 |
| PFC | 418.4 | 440 |
| PIDILITIND | 2813.6 | 2900 |
| PIIND | 3478 | 3600 |
| PNB | 98.84 | 101 |
| POLICYBZR | 1743.45 | 1900 |
| POLYCAB | 6434.45 | 6800 |
| POONAWALLA | 308.4 | 315 |
| POWERGRID | 290.8 | 305 |
| PRESTIGE | 1426.35 | 1550 |
| PVRINOX | 1086.55 | 1180 |
| RAMCOCEM | 887 | 930 |
| RBLBANK | 153.9 | 160 |
| RECLTD | 477.3 | 500 |
| RELIANCE | 1230.7 | 1250 |
| SAIL | 105.78 | 110 |
| SBICARD | 732.4 | 730 |
| SBILIFE | 1494.7 | 1440 |
| SBIN | 756.05 | 780 |
| SHREECEM | 25084.75 | 25750 |
| SHRIRAMFIN | 543.2 | 570 |
| SIEMENS | 5855.55 | 6300 |
| SJVN | 94.24 | 100 |
| SONACOMS | 567.3 | 580 |
| SRF | 2505.95 | 2560 |
| SUNPHARMA | 1768.25 | 1820 |
| SUNTV | 657.85 | 670 |
| SUPREMEIND | 4380 | 4500 |
| SYNGENE | 828.05 | 850 |
| TATACHEM | 969.9 | 1020 |
| TATACOMM | 1680 | 1740 |
| TATACONSUM | 960.95 | 950 |
| TATAELXSI | 6081 | 6200 |
| TATAMOTORS | 773.1 | 780 |
| TATAPOWER | 356.65 | 380 |
| TATASTEEL | 126.91 | 135 |
| TCS | 4242.45 | 4200 |
| TECHM | 1660.7 | 1680 |
| TIINDIA | 3304.3 | 3550 |
| TITAN | 3317.3 | 3400 |
| TORNTPHARM | 3248.55 | 3350 |
| TRENT | 6163.15 | 6700 |
| TVSMOTOR | 2237.25 | 2320 |
| UBL | 1962.5 | 2000 |
| ULTRACEMCO | 10495.55 | 11100 |
| UNIONBANK | 104.18 | 110 |
| UNITDSPR | 1413.2 | 1500 |
| UPL | 541.55 | 530 |
| VBL | 566.15 | 600 |
| VEDL | 431.55 | 450 |
| VOLTAS | 1641 | 1720 |
| WIPRO | 293.5 | 295 |
| YESBANK | 17.91 | 19 |
| ZOMATO | 234.95 | 250 |
| ZYDUSLIFE | 996.7 | 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.
