GAIL
Gail (india) Ltd
Max pain for GAIL
21 Nov 2024 02:01 PM IST
Max Pain for GAIL is 197.5
Strike 160 has a total call value of 0 versus a total put value of 124,871,193,750 Combined total value = 124,871,193,750
Strike 162.5 has a total call value of 0 versus a total put value of 116,175,262,500 Combined total value = 116,175,262,500
Strike 165 has a total call value of 0 versus a total put value of 107,479,331,250 Combined total value = 107,479,331,250
Strike 167.5 has a total call value of 0 versus a total put value of 99,041,887,500 Combined total value = 99,041,887,500
Strike 170 has a total call value of 0 versus a total put value of 90,605,587,500 Combined total value = 90,605,587,500
Strike 172.5 has a total call value of 16,012,500 versus a total put value of 82,507,837,500 Combined total value = 82,523,850,000
Strike 175 has a total call value of 38,887,500 versus a total put value of 74,503,875,000 Combined total value = 74,542,762,500
Strike 177.5 has a total call value of 78,918,750 versus a total put value of 66,896,793,750 Combined total value = 66,975,712,500
Strike 180 has a total call value of 145,256,250 versus a total put value of 59,470,425,000 Combined total value = 59,615,681,250
Strike 182.5 has a total call value of 299,662,500 versus a total put value of 52,760,043,750 Combined total value = 53,059,706,250
Strike 185 has a total call value of 502,106,250 versus a total put value of 46,357,331,250 Combined total value = 46,859,437,500
Strike 187.5 has a total call value of 1,088,850,000 versus a total put value of 41,021,737,500 Combined total value = 42,110,587,500
Strike 190 has a total call value of 1,935,225,000 versus a total put value of 35,969,793,750 Combined total value = 37,905,018,750
Strike 192.5 has a total call value of 4,329,093,750 versus a total put value of 31,594,950,000 Combined total value = 35,924,043,750
Strike 195 has a total call value of 7,044,356,250 versus a total put value of 27,376,800,000 Combined total value = 34,421,156,250
Strike 197.5 has a total call value of 10,929,675,000 versus a total put value of 23,476,612,500 Combined total value = 34,406,287,500
Strike 200 has a total call value of 15,097,500,000 versus a total put value of 19,736,550,000 Combined total value = 34,834,050,000
Strike 202.5 has a total call value of 20,991,243,750 versus a total put value of 16,657,575,000 Combined total value = 37,648,818,750
Strike 205 has a total call value of 27,167,493,750 versus a total put value of 13,663,237,500 Combined total value = 40,830,731,250
Strike 207.5 has a total call value of 34,347,956,250 versus a total put value of 11,219,043,750 Combined total value = 45,567,000,000
Strike 210 has a total call value of 41,815,500,000 versus a total put value of 8,944,125,000 Combined total value = 50,759,625,000
Strike 212.5 has a total call value of 51,414,993,750 versus a total put value of 7,397,775,000 Combined total value = 58,812,768,750
Strike 215 has a total call value of 61,255,818,750 versus a total put value of 5,977,237,500 Combined total value = 67,233,056,250
Strike 217.5 has a total call value of 72,567,506,250 versus a total put value of 4,888,387,500 Combined total value = 77,455,893,750
Strike 220 has a total call value of 84,121,668,750 versus a total put value of 3,799,537,500 Combined total value = 87,921,206,250
Strike 222.5 has a total call value of 97,407,468,750 versus a total put value of 3,159,037,500 Combined total value = 100,566,506,250
Strike 225 has a total call value of 110,835,093,750 versus a total put value of 2,518,537,500 Combined total value = 113,353,631,250
Strike 227.5 has a total call value of 124,736,231,250 versus a total put value of 1,995,843,750 Combined total value = 126,732,075,000
Strike 230 has a total call value of 138,708,281,250 versus a total put value of 1,473,150,000 Combined total value = 140,181,431,250
Strike 232.5 has a total call value of 153,757,743,750 versus a total put value of 1,176,918,750 Combined total value = 154,934,662,500
Strike 235 has a total call value of 168,807,206,250 versus a total put value of 880,687,500 Combined total value = 169,687,893,750
Strike 237.5 has a total call value of 184,103,718,750 versus a total put value of 584,456,250 Combined total value = 184,688,175,000
Strike 240 has a total call value of 199,400,231,250 versus a total put value of 288,225,000 Combined total value = 199,688,456,250
Strike 242.5 has a total call value of 215,217,150,000 versus a total put value of 216,168,750 Combined total value = 215,433,318,750
Strike 245 has a total call value of 231,034,068,750 versus a total put value of 144,112,500 Combined total value = 231,178,181,250
Strike 247.5 has a total call value of 247,041,993,750 versus a total put value of 72,056,250 Combined total value = 247,114,050,000
Strike 250 has a total call value of 263,049,918,750 versus a total put value of 0 Combined total value = 263,049,918,750
Strike 252.5 has a total call value of 279,558,806,250 versus a total put value of 0 Combined total value = 279,558,806,250
Strike 255 has a total call value of 296,067,693,750 versus a total put value of 0 Combined total value = 296,067,693,750
Strike 257.5 has a total call value of 312,576,581,250 versus a total put value of 0 Combined total value = 312,576,581,250
Strike 260 has a total call value of 329,085,468,750 versus a total put value of 0 Combined total value = 329,085,468,750
Max-Pain Table for Monthly Expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 425.4 | 470 |
ABB | 6769.4 | 7000 |
ABBOTINDIA | 26990 | 28000 |
ABCAPITAL | 184.17 | 200 |
ABFRL | 286.9 | 300 |
ACC | 2040 | 2240 |
ADANIENT | 2312.6 | 2640 |
ADANIPORTS | 1138.35 | 1200 |
ALKEM | 5560 | 5500 |
AMBUJACEM | 496.9 | 540 |
APOLLOHOSP | 6730.15 | 6900 |
APOLLOTYRE | 483.9 | 480 |
ASHOKLEY | 217.79 | 220 |
ASIANPAINT | 2429.55 | 2540 |
ASTRAL | 1712.85 | 1780 |
ATUL | 7246 | 7500 |
AUBANK | 594.05 | 590 |
AUROPHARMA | 1220.5 | 1300 |
AXISBANK | 1141.3 | 1150 |
BAJAJ-AUTO | 9486.4 | 9700 |
BAJAJFINSV | 1575.65 | 1620 |
BAJFINANCE | 6487.55 | 6700 |
BALKRISIND | 2740.7 | 2800 |
BANDHANBNK | 166.6 | 177.5 |
BANKBARODA | 229.65 | 240 |
BATAINDIA | 1280.65 | 1310 |
BEL | 275.25 | 285 |
BERGEPAINT | 466.8 | 495 |
BHARATFORG | 1298.5 | 1340 |
BHARTIARTL | 1520.35 | 1560 |
BHEL | 227.67 | 235 |
BIOCON | 324.65 | 330 |
BOSCHLTD | 34092.3 | 34000 |
BPCL | 282.4 | 300 |
BRITANNIA | 4765.2 | 5000 |
BSOFT | 545 | 560 |
CANBK | 94.84 | 100 |
CANFINHOME | 820.25 | 830 |
CHAMBLFERT | 459.25 | 480 |
CHOLAFIN | 1213.45 | 1240 |
CIPLA | 1457.8 | 1520 |
COALINDIA | 405.7 | 425 |
COFORGE | 8212 | 8000 |
COLPAL | 2680.5 | 2800 |
CONCOR | 769.7 | 810 |
COROMANDEL | 1774.5 | 1720 |
CROMPTON | 382.4 | 390 |
CUB | 170.94 | 175 |
CUMMINSIND | 3289.9 | 3400 |
DABUR | 506.7 | 525 |
DALBHARAT | 1774 | 1760 |
DEEPAKNTR | 2626.75 | 2650 |
DIVISLAB | 5951.2 | 5900 |
DIXON | 15052 | 14750 |
DLF | 776.5 | 780 |
DRREDDY | 1194.1 | 1220 |
EICHERMOT | 4903.3 | 4900 |
ESCORTS | 3460.55 | 3600 |
EXIDEIND | 415.65 | 440 |
FEDERALBNK | 210.75 | 205 |
GAIL | 189.21 | 197.5 |
GLENMARK | 1463.1 | 1520 |
GMRINFRA | 76.92 | 82 |
GNFC | 556 | 570 |
GODREJCP | 1180.2 | 1200 |
GODREJPROP | 2717.65 | 2750 |
GRANULES | 545.1 | 580 |
GRASIM | 2535 | 2540 |
GUJGASLTD | 453.5 | 480 |
HAL | 3995 | 4200 |
HAVELLS | 1630.15 | 1640 |
HCLTECH | 1830.95 | 1820 |
HDFCAMC | 4207.65 | 4300 |
HDFCBANK | 1742 | 1740 |
HDFCLIFE | 673.6 | 680 |
HEROMOTOCO | 4753.85 | 4800 |
HINDALCO | 647 | 650 |
HINDCOPPER | 263.3 | 290 |
HINDPETRO | 360.25 | 375 |
HINDUNILVR | 2378.5 | 2480 |
ICICIBANK | 1249.65 | 1260 |
ICICIGI | 1816.9 | 1880 |
ICICIPRULI | 680.85 | 690 |
IDEA | 6.99 | 8 |
IDFCFIRSTB | 63.16 | 66 |
IEX | 161.46 | 170 |
IGL | 312.15 | 330 |
INDHOTEL | 790.75 | 760 |
INDIAMART | 2244 | 2400 |
INDIGO | 4062.2 | 4000 |
INDUSINDBK | 974 | 1040 |
INDUSTOWER | 331.4 | 340 |
INFY | 1826.85 | 1800 |
IOC | 131.07 | 140 |
IPCALAB | 1567.45 | 1560 |
IRCTC | 796.6 | 820 |
ITC | 456.55 | 475 |
JINDALSTEL | 874.95 | 900 |
JKCEMENT | 4006.4 | 4000 |
JSWSTEEL | 942.8 | 960 |
JUBLFOOD | 610.8 | 610 |
KOTAKBANK | 1734.6 | 1760 |
LALPATHLAB | 3020.1 | 3100 |
LAURUSLABS | 487.7 | 490 |
LICHSGFIN | 612.3 | 630 |
LT | 3493.95 | 3600 |
LTF | 137.85 | 140 |
LTIM | 5913.75 | 5900 |
LTTS | 5162.9 | 5150 |
LUPIN | 2037.4 | 2100 |
M&M | 2945.5 | 2900 |
M&MFIN | 257.45 | 265 |
MANAPPURAM | 151 | 155 |
MARICO | 589.25 | 600 |
MARUTI | 10913.05 | 11000 |
MCX | 6181.75 | 6200 |
METROPOLIS | 2010.95 | 2060 |
MFSL | 1176.2 | 1200 |
MGL | 1117.5 | 1160 |
MOTHERSON | 161.88 | 175 |
MPHASIS | 2771.6 | 2850 |
MRF | 123020.55 | 122500 |
MUTHOOTFIN | 1909 | 1880 |
NATIONALUM | 249.21 | 240 |
NAUKRI | 7529.1 | 7700 |
NAVINFLUOR | 3271.8 | 3400 |
NESTLEIND | 2204.95 | 2280 |
NMDC | 218.7 | 225 |
NTPC | 357.1 | 370 |
OBEROIRLTY | 1931.8 | 1960 |
OFSS | 11139.1 | 11500 |
ONGC | 242.2 | 254 |
PAGEIND | 44617.2 | 45500 |
PEL | 1053.55 | 1060 |
PERSISTENT | 5728.6 | 5600 |
PETRONET | 320.85 | 328 |
PFC | 452.6 | 460 |
PIDILITIND | 2948.75 | 3060 |
PIIND | 4127.4 | 4200 |
PNB | 96.79 | 102 |
POLYCAB | 6426.1 | 6500 |
POWERGRID | 322.4 | 320 |
PVRINOX | 1445.55 | 1500 |
RAMCOCEM | 918.05 | 900 |
RBLBANK | 158.59 | 160 |
RECLTD | 490.3 | 510 |
RELIANCE | 1219.15 | 1290 |
SAIL | 111.41 | 115 |
SBICARD | 673.55 | 690 |
SBILIFE | 1484 | 1520 |
SBIN | 782.25 | 800 |
SHREECEM | 24280.4 | 24500 |
SHRIRAMFIN | 2809.35 | 2900 |
SIEMENS | 6676.7 | 6800 |
SRF | 2157.55 | 2260 |
SUNPHARMA | 1765 | 1800 |
SUNTV | 728.3 | 730 |
SYNGENE | 845.45 | 870 |
TATACHEM | 1056.75 | 1100 |
TATACOMM | 1711.55 | 1780 |
TATACONSUM | 910.8 | 950 |
TATAMOTORS | 778.8 | 800 |
TATAPOWER | 410.2 | 420 |
TATASTEEL | 140.61 | 145 |
TCS | 4055.25 | 4100 |
TECHM | 1697.9 | 1680 |
TITAN | 3166.8 | 3200 |
TORNTPHARM | 3093.05 | 3150 |
TRENT | 6458.35 | 6600 |
TVSMOTOR | 2400.6 | 2450 |
UBL | 1823 | 1880 |
ULTRACEMCO | 10931.3 | 11000 |
UNITDSPR | 1490.05 | 1480 |
UPL | 562.2 | 540 |
VEDL | 442.6 | 460 |
VOLTAS | 1675.1 | 1700 |
WIPRO | 557.3 | 560 |
ZYDUSLIFE | 940.6 | 960 |
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.