FEDERALBNK
Federal Bank Ltd
Max pain for FEDERALBNK
21 Nov 2024 02:30 PM IST
Max Pain for FEDERALBNK is 205
Strike 160 has a total call value of 0 versus a total put value of 156,426,250,000 Combined total value = 156,426,250,000
Strike 162.5 has a total call value of 0 versus a total put value of 145,938,750,000 Combined total value = 145,938,750,000
Strike 165 has a total call value of 0 versus a total put value of 135,451,250,000 Combined total value = 135,451,250,000
Strike 167.5 has a total call value of 0 versus a total put value of 125,020,000,000 Combined total value = 125,020,000,000
Strike 170 has a total call value of 0 versus a total put value of 114,588,750,000 Combined total value = 114,588,750,000
Strike 172.5 has a total call value of 0 versus a total put value of 104,332,500,000 Combined total value = 104,332,500,000
Strike 175 has a total call value of 0 versus a total put value of 94,097,500,000 Combined total value = 94,097,500,000
Strike 177.5 has a total call value of 0 versus a total put value of 84,000,000,000 Combined total value = 84,000,000,000
Strike 180 has a total call value of 0 versus a total put value of 73,942,500,000 Combined total value = 73,942,500,000
Strike 182.5 has a total call value of 62,500,000 versus a total put value of 64,831,250,000 Combined total value = 64,893,750,000
Strike 185 has a total call value of 125,000,000 versus a total put value of 55,895,000,000 Combined total value = 56,020,000,000
Strike 187.5 has a total call value of 283,750,000 versus a total put value of 47,322,500,000 Combined total value = 47,606,250,000
Strike 190 has a total call value of 487,500,000 versus a total put value of 39,066,250,000 Combined total value = 39,553,750,000
Strike 192.5 has a total call value of 1,006,250,000 versus a total put value of 31,783,750,000 Combined total value = 32,790,000,000
Strike 195 has a total call value of 1,568,750,000 versus a total put value of 24,745,000,000 Combined total value = 26,313,750,000
Strike 197.5 has a total call value of 2,415,000,000 versus a total put value of 18,755,000,000 Combined total value = 21,170,000,000
Strike 200 has a total call value of 3,357,500,000 versus a total put value of 13,240,000,000 Combined total value = 16,597,500,000
Strike 202.5 has a total call value of 5,058,750,000 versus a total put value of 9,246,250,000 Combined total value = 14,305,000,000
Strike 205 has a total call value of 7,128,750,000 versus a total put value of 5,652,500,000 Combined total value = 12,781,250,000
Strike 207.5 has a total call value of 10,175,000,000 versus a total put value of 3,423,750,000 Combined total value = 13,598,750,000
Strike 210 has a total call value of 13,756,250,000 versus a total put value of 1,713,750,000 Combined total value = 15,470,000,000
Strike 212.5 has a total call value of 19,548,750,000 versus a total put value of 1,111,250,000 Combined total value = 20,660,000,000
Strike 215 has a total call value of 26,123,750,000 versus a total put value of 648,750,000 Combined total value = 26,772,500,000
Strike 217.5 has a total call value of 33,857,500,000 versus a total put value of 347,500,000 Combined total value = 34,205,000,000
Strike 220 has a total call value of 42,103,750,000 versus a total put value of 87,500,000 Combined total value = 42,191,250,000
Strike 222.5 has a total call value of 51,883,750,000 versus a total put value of 30,000,000 Combined total value = 51,913,750,000
Strike 225 has a total call value of 61,856,250,000 versus a total put value of 7,500,000 Combined total value = 61,863,750,000
Strike 227.5 has a total call value of 72,472,500,000 versus a total put value of 3,750,000 Combined total value = 72,476,250,000
Strike 230 has a total call value of 83,180,000,000 versus a total put value of 0 Combined total value = 83,180,000,000
Strike 232.5 has a total call value of 94,433,750,000 versus a total put value of 0 Combined total value = 94,433,750,000
Strike 235 has a total call value of 105,687,500,000 versus a total put value of 0 Combined total value = 105,687,500,000
Strike 237.5 has a total call value of 117,557,500,000 versus a total put value of 0 Combined total value = 117,557,500,000
Strike 240 has a total call value of 129,427,500,000 versus a total put value of 0 Combined total value = 129,427,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.85 | 470 |
| ABB | 6761.75 | 7000 |
| ABBOTINDIA | 27014 | 28000 |
| ABCAPITAL | 183.51 | 200 |
| ABFRL | 284.9 | 300 |
| ACC | 2033 | 2220 |
| ADANIENT | 2262.75 | 2600 |
| ADANIPORTS | 1132.2 | 1200 |
| ALKEM | 5587.75 | 5500 |
| AMBUJACEM | 491.5 | 540 |
| APOLLOHOSP | 6728.2 | 6900 |
| APOLLOTYRE | 481.95 | 480 |
| ASHOKLEY | 217.56 | 220 |
| ASIANPAINT | 2431.7 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7235 | 7500 |
| AUBANK | 593.2 | 590 |
| AUROPHARMA | 1219.45 | 1300 |
| AXISBANK | 1139.55 | 1150 |
| BAJAJ-AUTO | 9490 | 9700 |
| BAJAJFINSV | 1568.7 | 1620 |
| BAJFINANCE | 6465.75 | 6700 |
| BALKRISIND | 2738.8 | 2800 |
| BANDHANBNK | 166.33 | 180 |
| BANKBARODA | 228.75 | 240 |
| BATAINDIA | 1280.9 | 1310 |
| BEL | 274.2 | 285 |
| BERGEPAINT | 465 | 495 |
| BHARATFORG | 1295 | 1340 |
| BHARTIARTL | 1521.8 | 1540 |
| BHEL | 228.56 | 235 |
| BIOCON | 323.65 | 330 |
| BOSCHLTD | 34091.7 | 34000 |
| BPCL | 281.75 | 300 |
| BRITANNIA | 4775.25 | 5000 |
| BSOFT | 546 | 560 |
| CANBK | 94.62 | 100 |
| CANFINHOME | 820.55 | 830 |
| CHAMBLFERT | 455.7 | 480 |
| CHOLAFIN | 1205.95 | 1240 |
| CIPLA | 1462.85 | 1520 |
| COALINDIA | 404.7 | 425 |
| COFORGE | 8195 | 8000 |
| COLPAL | 2687.6 | 2800 |
| CONCOR | 767.7 | 810 |
| COROMANDEL | 1772.4 | 1720 |
| CROMPTON | 381.25 | 390 |
| CUB | 170.26 | 175 |
| CUMMINSIND | 3289.85 | 3400 |
| DABUR | 505.15 | 525 |
| DALBHARAT | 1774.2 | 1760 |
| DEEPAKNTR | 2616.95 | 2650 |
| DIVISLAB | 5950.25 | 5900 |
| DIXON | 14997.95 | 14750 |
| DLF | 775.8 | 780 |
| DRREDDY | 1193.4 | 1220 |
| EICHERMOT | 4895.55 | 4900 |
| ESCORTS | 3452.7 | 3600 |
| EXIDEIND | 415.1 | 440 |
| FEDERALBNK | 210.13 | 205 |
| GAIL | 187.8 | 197.5 |
| GLENMARK | 1463.5 | 1520 |
| GMRINFRA | 76.92 | 82 |
| GNFC | 555.95 | 570 |
| GODREJCP | 1180.75 | 1200 |
| GODREJPROP | 2697.8 | 2750 |
| GRANULES | 545 | 570 |
| GRASIM | 2545.25 | 2540 |
| GUJGASLTD | 452.9 | 480 |
| HAL | 3983.35 | 4200 |
| HAVELLS | 1631.85 | 1640 |
| HCLTECH | 1831.8 | 1820 |
| HDFCAMC | 4214.05 | 4300 |
| HDFCBANK | 1739.95 | 1740 |
| HDFCLIFE | 673.95 | 680 |
| HEROMOTOCO | 4761.8 | 4800 |
| HINDALCO | 645.7 | 650 |
| HINDCOPPER | 262 | 290 |
| HINDPETRO | 358.4 | 375 |
| HINDUNILVR | 2386.8 | 2480 |
| ICICIBANK | 1251 | 1260 |
| ICICIGI | 1812.7 | 1880 |
| ICICIPRULI | 679.4 | 690 |
| IDEA | 6.93 | 8 |
| IDFCFIRSTB | 63.04 | 66 |
| IEX | 161.02 | 170 |
| IGL | 311.6 | 330 |
| INDHOTEL | 785.3 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4060 | 4000 |
| INDUSINDBK | 974.2 | 1040 |
| INDUSTOWER | 328.8 | 340 |
| INFY | 1833.9 | 1800 |
| IOC | 130.69 | 140 |
| IPCALAB | 1568.6 | 1560 |
| IRCTC | 794.15 | 820 |
| ITC | 456.25 | 475 |
| JINDALSTEL | 870.65 | 900 |
| JKCEMENT | 4006.95 | 4000 |
| JSWSTEEL | 940.5 | 960 |
| JUBLFOOD | 610.3 | 620 |
| KOTAKBANK | 1733.3 | 1760 |
| LALPATHLAB | 3028.85 | 3100 |
| LAURUSLABS | 488.7 | 490 |
| LICHSGFIN | 610.5 | 630 |
| LT | 3483.65 | 3600 |
| LTF | 137.49 | 140 |
| LTIM | 5923.05 | 5900 |
| LTTS | 5173 | 5150 |
| LUPIN | 2038.1 | 2100 |
| M&M | 2938 | 2900 |
| M&MFIN | 256.75 | 265 |
| MANAPPURAM | 150.64 | 155 |
| MARICO | 590.45 | 600 |
| MARUTI | 10873.75 | 11000 |
| MCX | 6159.25 | 6200 |
| METROPOLIS | 2011.5 | 2060 |
| MFSL | 1172.65 | 1200 |
| MGL | 1114.2 | 1160 |
| MOTHERSON | 161.49 | 175 |
| MPHASIS | 2781.5 | 2850 |
| MRF | 123205 | 122500 |
| MUTHOOTFIN | 1901.95 | 1880 |
| NATIONALUM | 245.42 | 240 |
| NAUKRI | 7536.2 | 7700 |
| NAVINFLUOR | 3260.1 | 3400 |
| NESTLEIND | 2202.7 | 2280 |
| NMDC | 217.74 | 225 |
| NTPC | 355 | 370 |
| OBEROIRLTY | 1929.7 | 1960 |
| OFSS | 11135.9 | 11500 |
| ONGC | 241.8 | 250 |
| PAGEIND | 44445.05 | 45500 |
| PEL | 1053.85 | 1060 |
| PERSISTENT | 5727.85 | 5600 |
| PETRONET | 320.25 | 328 |
| PFC | 452.55 | 460 |
| PIDILITIND | 2934.25 | 3060 |
| PIIND | 4124.1 | 4200 |
| PNB | 96.6 | 102 |
| POLYCAB | 6402.65 | 6500 |
| POWERGRID | 324.25 | 320 |
| PVRINOX | 1443.7 | 1500 |
| RAMCOCEM | 913.25 | 900 |
| RBLBANK | 156.97 | 160 |
| RECLTD | 490 | 510 |
| RELIANCE | 1218.4 | 1290 |
| SAIL | 110.65 | 117.5 |
| SBICARD | 675.35 | 690 |
| SBILIFE | 1480 | 1520 |
| SBIN | 780.2 | 800 |
| SHREECEM | 24170 | 24500 |
| SHRIRAMFIN | 2809 | 2900 |
| SIEMENS | 6660 | 6800 |
| SRF | 2152.95 | 2260 |
| SUNPHARMA | 1769.8 | 1800 |
| SUNTV | 727.25 | 730 |
| SYNGENE | 844.15 | 870 |
| TATACHEM | 1051.2 | 1100 |
| TATACOMM | 1707.95 | 1780 |
| TATACONSUM | 910.75 | 950 |
| TATAMOTORS | 775 | 800 |
| TATAPOWER | 409.2 | 420 |
| TATASTEEL | 140.1 | 145 |
| TCS | 4064.65 | 4100 |
| TECHM | 1698 | 1680 |
| TITAN | 3179.45 | 3200 |
| TORNTPHARM | 3101.4 | 3150 |
| TRENT | 6450.05 | 6600 |
| TVSMOTOR | 2395.6 | 2450 |
| UBL | 1816.25 | 1880 |
| ULTRACEMCO | 10947.55 | 11000 |
| UNITDSPR | 1489.15 | 1480 |
| UPL | 560.95 | 550 |
| VEDL | 440.85 | 460 |
| VOLTAS | 1667.6 | 1700 |
| WIPRO | 556.75 | 560 |
| ZYDUSLIFE | 942.9 | 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.
