EICHERMOT
Eicher Motors Ltd
Max pain for EICHERMOT
14 Nov 2024 09:33 AM IST
Max Pain for EICHERMOT is 4800
Strike 3900 has a total call value of 0 versus a total put value of 147,061,250,000 Combined total value = 147,061,250,000
Strike 3950 has a total call value of 0 versus a total put value of 136,316,250,000 Combined total value = 136,316,250,000
Strike 4000 has a total call value of 0 versus a total put value of 125,571,250,000 Combined total value = 125,571,250,000
Strike 4050 has a total call value of 5,250,000 versus a total put value of 115,304,875,000 Combined total value = 115,310,125,000
Strike 4100 has a total call value of 10,500,000 versus a total put value of 105,038,500,000 Combined total value = 105,049,000,000
Strike 4150 has a total call value of 15,750,000 versus a total put value of 94,869,250,000 Combined total value = 94,885,000,000
Strike 4200 has a total call value of 21,000,000 versus a total put value of 84,700,000,000 Combined total value = 84,721,000,000
Strike 4250 has a total call value of 28,875,000 versus a total put value of 75,620,125,000 Combined total value = 75,649,000,000
Strike 4300 has a total call value of 36,750,000 versus a total put value of 66,631,250,000 Combined total value = 66,668,000,000
Strike 4350 has a total call value of 44,625,000 versus a total put value of 58,114,875,000 Combined total value = 58,159,500,000
Strike 4400 has a total call value of 52,500,000 versus a total put value of 49,695,625,000 Combined total value = 49,748,125,000
Strike 4450 has a total call value of 69,125,000 versus a total put value of 41,956,250,000 Combined total value = 42,025,375,000
Strike 4500 has a total call value of 85,750,000 versus a total put value of 34,406,750,000 Combined total value = 34,492,500,000
Strike 4550 has a total call value of 200,375,000 versus a total put value of 28,011,375,000 Combined total value = 28,211,750,000
Strike 4600 has a total call value of 468,125,000 versus a total put value of 22,027,250,000 Combined total value = 22,495,375,000
Strike 4650 has a total call value of 1,358,000,000 versus a total put value of 17,068,625,000 Combined total value = 18,426,625,000
Strike 4700 has a total call value of 2,380,000,000 versus a total put value of 12,430,250,000 Combined total value = 14,810,250,000
Strike 4750 has a total call value of 3,824,625,000 versus a total put value of 8,791,125,000 Combined total value = 12,615,750,000
Strike 4800 has a total call value of 5,578,125,000 versus a total put value of 5,527,375,000 Combined total value = 11,105,500,000
Strike 4850 has a total call value of 8,588,125,000 versus a total put value of 3,246,250,000 Combined total value = 11,834,375,000
Strike 4900 has a total call value of 12,033,875,000 versus a total put value of 1,444,625,000 Combined total value = 13,478,500,000
Strike 4950 has a total call value of 17,071,250,000 versus a total put value of 674,625,000 Combined total value = 17,745,875,000
Strike 5000 has a total call value of 22,858,500,000 versus a total put value of 79,625,000 Combined total value = 22,938,125,000
Strike 5050 has a total call value of 30,754,500,000 versus a total put value of 56,000,000 Combined total value = 30,810,500,000
Strike 5100 has a total call value of 38,911,250,000 versus a total put value of 36,750,000 Combined total value = 38,948,000,000
Strike 5150 has a total call value of 48,262,375,000 versus a total put value of 23,625,000 Combined total value = 48,286,000,000
Strike 5200 has a total call value of 58,185,750,000 versus a total put value of 10,500,000 Combined total value = 58,196,250,000
Strike 5250 has a total call value of 69,251,000,000 versus a total put value of 5,250,000 Combined total value = 69,256,250,000
Strike 5300 has a total call value of 80,514,000,000 versus a total put value of 0 Combined total value = 80,514,000,000
Strike 5350 has a total call value of 92,252,125,000 versus a total put value of 0 Combined total value = 92,252,125,000
Strike 5400 has a total call value of 103,990,250,000 versus a total put value of 0 Combined total value = 103,990,250,000
Strike 5450 has a total call value of 116,003,125,000 versus a total put value of 0 Combined total value = 116,003,125,000
Strike 5500 has a total call value of 128,016,000,000 versus a total put value of 0 Combined total value = 128,016,000,000
Strike 5550 has a total call value of 140,554,750,000 versus a total put value of 0 Combined total value = 140,554,750,000
Strike 5600 has a total call value of 153,119,750,000 versus a total put value of 0 Combined total value = 153,119,750,000
Strike 5650 has a total call value of 165,822,125,000 versus a total put value of 0 Combined total value = 165,822,125,000
Strike 5700 has a total call value of 178,524,500,000 versus a total put value of 0 Combined total value = 178,524,500,000
Strike 5750 has a total call value of 191,312,625,000 versus a total put value of 0 Combined total value = 191,312,625,000
Strike 5800 has a total call value of 204,100,750,000 versus a total put value of 0 Combined total value = 204,100,750,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 430.7 | 440 |
| ABB | 6695.85 | 7100 |
| ABBOTINDIA | 27791.9 | 28500 |
| ABCAPITAL | 189.15 | 200 |
| ABFRL | 292.5 | 270 |
| ACC | 2195.75 | 2300 |
| ADANIENT | 2826.15 | 3000 |
| ADANIPORTS | 1283.45 | 1340 |
| ALKEM | 5587.65 | 5500 |
| AMBUJACEM | 546.25 | 560 |
| APOLLOHOSP | 6851.2 | 7000 |
| APOLLOTYRE | 467.25 | 470 |
| ASHOKLEY | 216.05 | 220 |
| ASIANPAINT | 2481.6 | 2540 |
| ASTRAL | 1723.15 | 1760 |
| ATUL | 7283.15 | 7300 |
| AUBANK | 569.4 | 590 |
| AUROPHARMA | 1266.2 | 1300 |
| AXISBANK | 1147.7 | 1160 |
| BAJAJ-AUTO | 9465 | 9700 |
| BAJAJFINSV | 1659.95 | 1700 |
| BAJFINANCE | 6576 | 6800 |
| BALKRISIND | 2743.25 | 2750 |
| BANDHANBNK | 166.4 | 177.5 |
| BANKBARODA | 246.15 | 255 |
| BATAINDIA | 1329.65 | 1330 |
| BEL | 279.1 | 290 |
| BERGEPAINT | 489.2 | 500 |
| BHARATFORG | 1327.8 | 1380 |
| BHARTIARTL | 1542.7 | 1580 |
| BHEL | 223.6 | 235 |
| BIOCON | 333.9 | 335 |
| BOSCHLTD | 33292.7 | 34000 |
| BPCL | 304.55 | 310 |
| BRITANNIA | 4990 | 5100 |
| BSOFT | 551.95 | 560 |
| CANBK | 99.83 | 103 |
| CANFINHOME | 819.1 | 840 |
| CHAMBLFERT | 461.75 | 480 |
| CHOLAFIN | 1189.2 | 1260 |
| CIPLA | 1492 | 1540 |
| COALINDIA | 406.95 | 424.25 |
| COFORGE | 8143.2 | 8000 |
| COLPAL | 2749.85 | 2850 |
| CONCOR | 784.65 | 820 |
| COROMANDEL | 1668.2 | 1700 |
| CROMPTON | 381.55 | 395 |
| CUB | 172.09 | 175 |
| CUMMINSIND | 3306.5 | 3500 |
| DABUR | 510.15 | 530 |
| DALBHARAT | 1692.65 | 1780 |
| DEEPAKNTR | 2489 | 2600 |
| DIVISLAB | 5731.55 | 5900 |
| DIXON | 14840.9 | 14750 |
| DLF | 757.85 | 780 |
| DRREDDY | 1239.55 | 1270 |
| EICHERMOT | 4910 | 4800 |
| ESCORTS | 3491.5 | 3600 |
| EXIDEIND | 418.25 | 440 |
| FEDERALBNK | 199.69 | 202.5 |
| GAIL | 189 | 200 |
| GLENMARK | 1544.1 | 1600 |
| GMRINFRA | 76.47 | 80 |
| GNFC | 549.9 | 560 |
| GODREJCP | 1184.3 | 1200 |
| GODREJPROP | 2582.45 | 2700 |
| GRANULES | 529.05 | 560 |
| GRASIM | 2502.5 | 2520 |
| GUJGASLTD | 491.65 | 510 |
| HAL | 4005.35 | 4300 |
| HAVELLS | 1609.35 | 1640 |
| HCLTECH | 1890.85 | 1820 |
| HDFCAMC | 4311 | 4350 |
| HDFCBANK | 1697.3 | 1720 |
| HDFCLIFE | 687.05 | 700 |
| HEROMOTOCO | 4497.75 | 4800 |
| HINDALCO | 631.5 | 650 |
| HINDCOPPER | 261.95 | 290 |
| HINDPETRO | 369.95 | 380 |
| HINDUNILVR | 2438 | 2500 |
| ICICIBANK | 1256.7 | 1260 |
| ICICIGI | 1868.05 | 1900 |
| ICICIPRULI | 694.9 | 710 |
| IDEA | 7.51 | 8 |
| IDFCFIRSTB | 64.02 | 65 |
| IEX | 162.73 | 170 |
| IGL | 412.85 | 420 |
| INDHOTEL | 721.05 | 720 |
| INDIAMART | 2317.6 | 2400 |
| INDIGO | 3873.4 | 4000 |
| INDUSINDBK | 1038.85 | 1080 |
| INDUSTOWER | 318 | 340 |
| INFY | 1871.6 | 1820 |
| IOC | 135.73 | 142.5 |
| IPCALAB | 1513.25 | 1520 |
| IRCTC | 797 | 830 |
| ITC | 470.5 | 480 |
| JINDALSTEL | 874.85 | 910 |
| JKCEMENT | 3960.1 | 4150 |
| JSWSTEEL | 934.75 | 960 |
| JUBLFOOD | 619.65 | 620 |
| KOTAKBANK | 1696.2 | 1740 |
| LALPATHLAB | 2933.35 | 3100 |
| LAURUSLABS | 479.85 | 490 |
| LICHSGFIN | 612.95 | 630 |
| LT | 3527.15 | 3600 |
| LTF | 136.72 | 140 |
| LTIM | 5932.7 | 5950 |
| LTTS | 5184.35 | 5200 |
| LUPIN | 2027.25 | 2100 |
| M&M | 2763.9 | 2850 |
| M&MFIN | 258.85 | 270 |
| MANAPPURAM | 159 | 157.5 |
| MARICO | 595.1 | 610 |
| MARUTI | 10969.35 | 11100 |
| MCX | 6056.6 | 6200 |
| METROPOLIS | 2040.05 | 2100 |
| MFSL | 1212.45 | 1240 |
| MGL | 1325.45 | 1400 |
| MOTHERSON | 163.52 | 170 |
| MPHASIS | 2874.9 | 2900 |
| MRF | 121145.6 | 120000 |
| MUTHOOTFIN | 1767.35 | 1820 |
| NATIONALUM | 223.5 | 225 |
| NAUKRI | 7624.5 | 7700 |
| NAVINFLUOR | 3280.55 | 3350 |
| NESTLEIND | 2225.75 | 2300 |
| NMDC | 225.8 | 230 |
| NTPC | 383.3 | 390 |
| OBEROIRLTY | 1956.9 | 2000 |
| OFSS | 11963.4 | 11500 |
| ONGC | 251.95 | 260 |
| PAGEIND | 45920 | 46000 |
| PEL | 1024.1 | 1040 |
| PERSISTENT | 5753.7 | 5600 |
| PETRONET | 317.05 | 328 |
| PFC | 464.8 | 460 |
| PIDILITIND | 2977.95 | 3100 |
| PIIND | 4081.1 | 4300 |
| PNB | 101.72 | 105 |
| POLYCAB | 6350 | 6500 |
| POWERGRID | 312.95 | 320 |
| PVRINOX | 1461.1 | 1500 |
| RAMCOCEM | 891.35 | 880 |
| RBLBANK | 153.54 | 160 |
| RECLTD | 510.65 | 520 |
| RELIANCE | 1260.4 | 1300 |
| SAIL | 112.83 | 115 |
| SBICARD | 685.85 | 690 |
| SBILIFE | 1557.05 | 1580 |
| SBIN | 812.65 | 830 |
| SHREECEM | 23758.1 | 24500 |
| SHRIRAMFIN | 2810.1 | 3000 |
| SIEMENS | 6632.3 | 6900 |
| SRF | 2200.25 | 2280 |
| SUNPHARMA | 1776.55 | 1820 |
| SUNTV | 724.7 | 730 |
| SYNGENE | 859.9 | 880 |
| TATACHEM | 1045.45 | 1100 |
| TATACOMM | 1757.15 | 1780 |
| TATACONSUM | 951.6 | 980 |
| TATAMOTORS | 785 | 810 |
| TATAPOWER | 405.3 | 425 |
| TATASTEEL | 139.65 | 145 |
| TCS | 4146.85 | 4150 |
| TECHM | 1686.05 | 1660 |
| TITAN | 3176.2 | 3200 |
| TORNTPHARM | 3116.35 | 3200 |
| TRENT | 6447.4 | 6600 |
| TVSMOTOR | 2370.1 | 2400 |
| UBL | 1867.15 | 1900 |
| ULTRACEMCO | 10614.5 | 11000 |
| UNITDSPR | 1435.9 | 1460 |
| UPL | 511.4 | 530 |
| VEDL | 433.55 | 460 |
| VOLTAS | 1711.55 | 1700 |
| WIPRO | 571.5 | 560 |
| ZYDUSLIFE | 972.4 | 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.
