Max Pain Table (Stocks)
Symbol	Symbol Ltp	Max Pain
360ONE	1085.6	1100
ABB	4913	5000
ABCAPITAL	331.8	325
ADANIENSOL	1021.4	980
ADANIENT	2488.2	2460
ADANIGREEN	1076.8	1080
ADANIPORTS	1499	1460
ALKEM	5725.5	5800
AMBER	7122	7200
AMBUJACEM	559.35	570
ANGELONE	2713.5	2650
APLAPOLLO	1765.4	1780
APOLLOHOSP	7440.5	7500
ASHOKLEY	150.41	145
ASIANPAINT	2879.4	2800
ASTRAL	1550.6	1540
AUBANK	886.7	890
AUROPHARMA	1210.2	1160
AXISBANK	1225.2	1230
BAJAJ-AUTO	8867.5	8900
BAJAJFINSV	2056.2	2020
BAJFINANCE	1005.4	1020
BANDHANBNK	154.13	160
BANKBARODA	283.25	280
BANKINDIA	144.62	143
BDL	1517.9	1520
BEL	419.8	420
BHARATFORG	1388.8	1340
BHARTIARTL	2091.8	2040
BHEL	281.5	275
BIOCON	417	400
BLUESTARCO	1787.7	1800
BOSCHLTD	37385	37500
BPCL	374.95	362.5
BRITANNIA	5851.5	5900
BSE	2760.2	2650
CAMS	3944	3900
CANBK	143.45	140
CDSL	1626.3	1620
CGPOWER	745.2	740
CHOLAFIN	1710.6	1720
CIPLA	1525.8	1530
COALINDIA	383.2	382.25
COFORGE	1810.2	1800
COLPAL	2174	2200
CONCOR	523.9	535
CROMPTON	278.6	290
CUMMINSIND	4366.2	4300
CYIENT	1153.8	1160
DABUR	522.2	510
DALBHARAT	2047.8	2060
DELHIVERY	434.05	435
DIVISLAB	6593.5	6600
DIXON	15323	15500
DLF	764.8	770
DMART	4062.5	4100
DRREDDY	1234.9	1210
EICHERMOT	6855	6900
ETERNAL	297.75	310
EXIDEIND	379.7	385
FEDERALBNK	235.79	235
FORTIS	953	970
GAIL	183.67	185
GLENMARK	1880.6	1860
GMRAIRPORT	95.49	94
GODREJCP	1133.4	1140
GODREJPROP	2206.1	2220
GRASIM	2777.8	2800
HAL	4751	4800
HAVELLS	1466.1	1480
HCLTECH	1598.5	1560
HDFCAMC	5477.5	5500
HDFCBANK	986.65	990
HDFCLIFE	782.2	760
HEROMOTOCO	5508.5	5550
HFCL	75.69	76
HINDALCO	811.95	800
HINDPETRO	486.05	470
HINDUNILVR	2407.6	2460
HINDZINC	495.2	490
HUDCO	225.39	230
ICICIBANK	1385.9	1380
ICICIGI	2033.8	2020
ICICIPRULI	630.1	615
IDEA	10.47	10
IDFCFIRSTB	80	80
IEX	138.45	145
IGL	215.02	212.5
IIFL	537.65	540
INDHOTEL	717.7	730
INDIANB	869.45	860
INDIGO	5905.5	5800
INDUSINDBK	863.45	800
INDUSTOWER	407.85	390
INFY	1541.8	1500
INOXWIND	148.56	150
IOC	172.45	167
IRCTC	709.9	715
IREDA	149.29	150
IRFC	120.75	122
ITC	405.7	410
JINDALSTEL	1087.8	1080
JIOFIN	310.7	310
JSWENERGY	528.3	530
JSWSTEEL	1183.9	1180
JUBLFOOD	573.5	590
KALYANKJIL	498.75	510
KAYNES	6376.5	6500
KEI	4113.6	4100
KFINTECH	1083.1	1100
KOTAKBANK	2075.2	2100
KPITTECH	1238.7	1200
LAURUSLABS	997.05	960
LICHSGFIN	567.9	580
LICI	902.85	900
LODHA	1217.6	1200
LT	4002.5	3960
LTF	292.2	292.5
LTIM	5847	5700
LUPIN	2052.9	2000
M&M	3699.5	3650
MANAPPURAM	273.85	275
MANKIND	2257	2300
MARICO	722	720
MARUTI	15749	15700
MAXHEALTH	1098	1120
MAZDOCK	2736	2800
MCX	9597	9400
MFSL	1707.4	1660
MOTHERSON	109.13	105
MPHASIS	2822	2800
MUTHOOTFIN	3393.1	3300
NATIONALUM	268.67	260
NAUKRI	1347.3	1360
NBCC	108.98	111
NCC	184.18	190
NESTLEIND	1275.2	1270
NHPC	81.46	82
NMDC	77.39	77
NTPC	326.95	330
NUVAMA	7372.5	7400
NYKAA	256.95	255
OBEROIRLTY	1744.2	1740
OFSS	8303.5	8400
OIL	434.45	430
ONGC	250.85	250
PAGEIND	39585	40000
PATANJALI	590.45	585
PAYTM	1307.5	1300
PERSISTENT	6137	6000
PETRONET	278.9	290
PFC	372.9	390
PGEL	559.45	550
PHOENIXLTD	1714.8	1720
PIDILITIND	1481.4	1480
PIIND	3572.5	3600
PNB	121.07	120
PNBHOUSING	912.55	910
POLICYBZR	1734.7	1780
POLYCAB	7721	7700
POWERGRID	269.85	277.5
POWERINDIA	21415	20500
PPLPHARMA	193.84	200
PRESTIGE	1755.2	1740
RBLBANK	315.45	320
RECLTD	359.05	370
RELIANCE	1510.9	1500
RVNL	314.3	320
SAIL	144.72	140
SAMMAANCAP	178.33	182.5
SBICARD	877.65	890
SBILIFE	1987.9	1980
SBIN	954	950
SHREECEM	26995	27750
SHRIRAMFIN	814	800
SIEMENS	3066.1	3100
SOLARINDS	13759	14000
SONACOMS	489.15	485
SRF	2912	2950
SUNPHARMA	1737.4	1700
SUPREMEIND	3832	3850
SUZLON	57.58	58
SYNGENE	662.1	660
TATACONSUM	1154.8	1160
TATAELXSI	5307.5	5300
TATAMOTORS	0	320
TATAPOWER	388.8	400
TATASTEEL	176.65	180
TATATECH	686	700
TCS	3105.7	3100
TECHM	1451.4	1460
TIINDIA	3033.4	3000
TITAGARH	863	880
TITAN	3839.2	3800
TMPV	397.95	400
TORNTPHARM	3826.1	3750
TORNTPOWER	1293.6	1300
TRENT	4326.4	4500
TVSMOTOR	3450.6	3500
ULTRACEMCO	11934	12000
UNIONBANK	151.9	150
UNITDSPR	1420.8	1420
UNOMINDA	1303.2	1280
UPL	758.15	740
VBL	453	465
VEDL	529.6	515
VOLTAS	1336.9	1340
WIPRO	245.33	242.5
YESBANK	22.48	23
ZYDUSLIFE	944.15	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.

Related Pages for GBPINR

GBPINR

360ONE

ABB

ABCAPITAL

ADANIENSOL

ADANIENT

ADANIGREEN

ADANIPORTS

ALKEM

AMBER

AMBUJACEM

ANGELONE

APLAPOLLO

APOLLOHOSP

ASHOKLEY

ASIANPAINT

ASTRAL

AUBANK

AUROPHARMA

AXISBANK

BAJAJ-AUTO

BAJAJFINSV

BAJFINANCE

BANDHANBNK

BANKBARODA

BANKEX

BANKINDIA

BANKNIFTY

BDL

BEL

BHARATFORG

BHARTIARTL

BHEL

BIOCON

BLUESTARCO

BOSCHLTD

BPCL

BRITANNIA

BSE

CAMS

CANBK

CDSL

CGPOWER

CHOLAFIN

CIPLA

COALINDIA

COFORGE

COLPAL

CONCOR

COPPER

CROMPTON

CRUDEOIL

CRUDEOILM

CUMMINSIND

CYIENT

DABUR

DALBHARAT

DELHIVERY

DIVISLAB

DIXON

DLF

DMART

DRREDDY

EICHERMOT

ETERNAL

EURINR

EURUSD

EXIDEIND

FEDERALBNK

FINNIFTY

FORTIS

GAIL

GBPINR

GBPUSD

GLENMARK

GMRAIRPORT

GODREJCP

GODREJPROP

GOLD