GAIL
Gail (india) Ltd
Max pain for GAIL
21 Nov 2024 04:11 PM IST
Max Pain for GAIL is 195
Strike 160 has a total call value of 0 versus a total put value of 123,426,637,500 Combined total value = 123,426,637,500
Strike 162.5 has a total call value of 0 versus a total put value of 114,829,068,750 Combined total value = 114,829,068,750
Strike 165 has a total call value of 0 versus a total put value of 106,231,500,000 Combined total value = 106,231,500,000
Strike 167.5 has a total call value of 0 versus a total put value of 97,911,862,500 Combined total value = 97,911,862,500
Strike 170 has a total call value of 0 versus a total put value of 89,593,368,750 Combined total value = 89,593,368,750
Strike 172.5 has a total call value of 16,012,500 versus a total put value of 81,606,562,500 Combined total value = 81,622,575,000
Strike 175 has a total call value of 37,743,750 versus a total put value of 73,720,406,250 Combined total value = 73,758,150,000
Strike 177.5 has a total call value of 76,631,250 versus a total put value of 66,208,256,250 Combined total value = 66,284,887,500
Strike 180 has a total call value of 139,537,500 versus a total put value of 58,882,537,500 Combined total value = 59,022,075,000
Strike 182.5 has a total call value of 284,793,750 versus a total put value of 52,259,081,250 Combined total value = 52,543,875,000
Strike 185 has a total call value of 494,100,000 versus a total put value of 45,953,587,500 Combined total value = 46,447,687,500
Strike 187.5 has a total call value of 1,100,287,500 versus a total put value of 40,695,768,750 Combined total value = 41,796,056,250
Strike 190 has a total call value of 1,954,668,750 versus a total put value of 35,710,162,500 Combined total value = 37,664,831,250
Strike 192.5 has a total call value of 4,372,556,250 versus a total put value of 31,377,637,500 Combined total value = 35,750,193,750
Strike 195 has a total call value of 7,118,700,000 versus a total put value of 27,200,662,500 Combined total value = 34,319,362,500
Strike 197.5 has a total call value of 11,042,906,250 versus a total put value of 23,337,075,000 Combined total value = 34,379,981,250
Strike 200 has a total call value of 15,238,181,250 versus a total put value of 19,631,325,000 Combined total value = 34,869,506,250
Strike 202.5 has a total call value of 21,211,987,500 versus a total put value of 16,580,943,750 Combined total value = 37,792,931,250
Strike 205 has a total call value of 27,459,150,000 versus a total put value of 13,615,200,000 Combined total value = 41,074,350,000
Strike 207.5 has a total call value of 34,703,662,500 versus a total put value of 11,180,156,250 Combined total value = 45,883,818,750
Strike 210 has a total call value of 42,232,968,750 versus a total put value of 8,912,100,000 Combined total value = 51,145,068,750
Strike 212.5 has a total call value of 51,936,543,750 versus a total put value of 7,372,612,500 Combined total value = 59,309,156,250
Strike 215 has a total call value of 61,888,312,500 versus a total put value of 5,958,937,500 Combined total value = 67,847,250,000
Strike 217.5 has a total call value of 73,296,075,000 versus a total put value of 4,874,662,500 Combined total value = 78,170,737,500
Strike 220 has a total call value of 84,944,025,000 versus a total put value of 3,790,387,500 Combined total value = 88,734,412,500
Strike 222.5 has a total call value of 98,293,875,000 versus a total put value of 3,151,031,250 Combined total value = 101,444,906,250
Strike 225 has a total call value of 111,785,550,000 versus a total put value of 2,511,675,000 Combined total value = 114,297,225,000
Strike 227.5 has a total call value of 125,748,450,000 versus a total put value of 1,992,412,500 Combined total value = 127,740,862,500
Strike 230 has a total call value of 139,781,118,750 versus a total put value of 1,473,150,000 Combined total value = 141,254,268,750
Strike 232.5 has a total call value of 154,877,475,000 versus a total put value of 1,176,918,750 Combined total value = 156,054,393,750
Strike 235 has a total call value of 169,973,831,250 versus a total put value of 880,687,500 Combined total value = 170,854,518,750
Strike 237.5 has a total call value of 185,317,237,500 versus a total put value of 584,456,250 Combined total value = 185,901,693,750
Strike 240 has a total call value of 200,660,643,750 versus a total put value of 288,225,000 Combined total value = 200,948,868,750
Strike 242.5 has a total call value of 216,523,312,500 versus a total put value of 216,168,750 Combined total value = 216,739,481,250
Strike 245 has a total call value of 232,385,981,250 versus a total put value of 144,112,500 Combined total value = 232,530,093,750
Strike 247.5 has a total call value of 248,439,656,250 versus a total put value of 72,056,250 Combined total value = 248,511,712,500
Strike 250 has a total call value of 264,493,331,250 versus a total put value of 0 Combined total value = 264,493,331,250
Strike 252.5 has a total call value of 281,036,531,250 versus a total put value of 0 Combined total value = 281,036,531,250
Strike 255 has a total call value of 297,579,731,250 versus a total put value of 0 Combined total value = 297,579,731,250
Strike 257.5 has a total call value of 314,122,931,250 versus a total put value of 0 Combined total value = 314,122,931,250
Strike 260 has a total call value of 330,666,131,250 versus a total put value of 0 Combined total value = 330,666,131,250
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 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.
