GMRINFRA
Gmr Airports Infra Ltd
Max pain for GMRINFRA
21 Nov 2024 02:01 PM IST
Max Pain for GMRINFRA is 82
Strike 64 has a total call value of 0 versus a total put value of 130,881,375,000 Combined total value = 130,881,375,000
Strike 65 has a total call value of 0 versus a total put value of 123,981,750,000 Combined total value = 123,981,750,000
Strike 66 has a total call value of 0 versus a total put value of 117,082,125,000 Combined total value = 117,082,125,000
Strike 67 has a total call value of 0 versus a total put value of 110,265,187,500 Combined total value = 110,265,187,500
Strike 68 has a total call value of 0 versus a total put value of 103,525,875,000 Combined total value = 103,525,875,000
Strike 69 has a total call value of 0 versus a total put value of 96,831,000,000 Combined total value = 96,831,000,000
Strike 70 has a total call value of 0 versus a total put value of 90,191,250,000 Combined total value = 90,191,250,000
Strike 71 has a total call value of 110,250,000 versus a total put value of 83,899,687,500 Combined total value = 84,009,937,500
Strike 72 has a total call value of 220,500,000 versus a total put value of 77,654,812,500 Combined total value = 77,875,312,500
Strike 73 has a total call value of 365,062,500 versus a total put value of 71,597,812,500 Combined total value = 71,962,875,000
Strike 74 has a total call value of 511,875,000 versus a total put value of 65,634,187,500 Combined total value = 66,146,062,500
Strike 75 has a total call value of 688,500,000 versus a total put value of 59,800,500,000 Combined total value = 60,489,000,000
Strike 76 has a total call value of 1,152,000,000 versus a total put value of 54,509,062,500 Combined total value = 55,661,062,500
Strike 77 has a total call value of 1,895,062,500 versus a total put value of 49,359,937,500 Combined total value = 51,255,000,000
Strike 78 has a total call value of 2,899,125,000 versus a total put value of 44,449,312,500 Combined total value = 47,348,437,500
Strike 79 has a total call value of 4,394,812,500 versus a total put value of 39,892,500,000 Combined total value = 44,287,312,500
Strike 80 has a total call value of 6,069,375,000 versus a total put value of 35,418,375,000 Combined total value = 41,487,750,000
Strike 81 has a total call value of 9,291,375,000 versus a total put value of 31,605,187,500 Combined total value = 40,896,562,500
Strike 82 has a total call value of 12,736,687,500 versus a total put value of 27,939,937,500 Combined total value = 40,676,625,000
Strike 83 has a total call value of 16,677,562,500 versus a total put value of 24,772,500,000 Combined total value = 41,450,062,500
Strike 84 has a total call value of 20,834,437,500 versus a total put value of 21,730,500,000 Combined total value = 42,564,937,500
Strike 85 has a total call value of 25,342,875,000 versus a total put value of 18,810,562,500 Combined total value = 44,153,437,500
Strike 86 has a total call value of 30,971,250,000 versus a total put value of 16,331,062,500 Combined total value = 47,302,312,500
Strike 87 has a total call value of 36,764,437,500 versus a total put value of 13,949,437,500 Combined total value = 50,713,875,000
Strike 88 has a total call value of 42,732,000,000 versus a total put value of 11,801,250,000 Combined total value = 54,533,250,000
Strike 89 has a total call value of 48,891,937,500 versus a total put value of 9,653,062,500 Combined total value = 58,545,000,000
Strike 90 has a total call value of 55,116,000,000 versus a total put value of 7,504,875,000 Combined total value = 62,620,875,000
Strike 91 has a total call value of 62,664,750,000 versus a total put value of 6,160,500,000 Combined total value = 68,825,250,000
Strike 92 has a total call value of 70,248,375,000 versus a total put value of 4,816,125,000 Combined total value = 75,064,500,000
Strike 93 has a total call value of 77,832,000,000 versus a total put value of 3,471,750,000 Combined total value = 81,303,750,000
Strike 94 has a total call value of 85,559,625,000 versus a total put value of 2,127,375,000 Combined total value = 87,687,000,000
Strike 95 has a total call value of 93,384,562,500 versus a total put value of 783,000,000 Combined total value = 94,167,562,500
Strike 96 has a total call value of 102,368,250,000 versus a total put value of 627,187,500 Combined total value = 102,995,437,500
Strike 97 has a total call value of 111,351,937,500 versus a total put value of 471,375,000 Combined total value = 111,823,312,500
Strike 98 has a total call value of 120,335,625,000 versus a total put value of 315,562,500 Combined total value = 120,651,187,500
Strike 99 has a total call value of 129,319,312,500 versus a total put value of 178,875,000 Combined total value = 129,498,187,500
Strike 100 has a total call value of 138,303,000,000 versus a total put value of 42,187,500 Combined total value = 138,345,187,500
Strike 101 has a total call value of 148,025,250,000 versus a total put value of 33,750,000 Combined total value = 148,059,000,000
Strike 102 has a total call value of 157,747,500,000 versus a total put value of 25,312,500 Combined total value = 157,772,812,500
Strike 103 has a total call value of 167,469,750,000 versus a total put value of 16,875,000 Combined total value = 167,486,625,000
Strike 104 has a total call value of 177,192,000,000 versus a total put value of 8,437,500 Combined total value = 177,200,437,500
Strike 105 has a total call value of 186,914,250,000 versus a total put value of 0 Combined total value = 186,914,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.95 | 470 |
| ABB | 6784.65 | 7000 |
| ABBOTINDIA | 26970 | 28000 |
| ABCAPITAL | 184.5 | 200 |
| ABFRL | 286.5 | 300 |
| ACC | 2039.55 | 2240 |
| ADANIENT | 2344.95 | 2660 |
| ADANIPORTS | 1144.7 | 1200 |
| ALKEM | 5555.15 | 5500 |
| AMBUJACEM | 498.4 | 540 |
| APOLLOHOSP | 6725.95 | 6900 |
| APOLLOTYRE | 484.4 | 480 |
| ASHOKLEY | 217.98 | 220 |
| ASIANPAINT | 2430.55 | 2540 |
| ASTRAL | 1713.75 | 1780 |
| ATUL | 7255.85 | 7500 |
| AUBANK | 594.1 | 590 |
| AUROPHARMA | 1221.1 | 1300 |
| AXISBANK | 1142.35 | 1150 |
| BAJAJ-AUTO | 9493.65 | 9700 |
| BAJAJFINSV | 1575.8 | 1620 |
| BAJFINANCE | 6490.05 | 6700 |
| BALKRISIND | 2741.3 | 2800 |
| BANDHANBNK | 166.9 | 177.5 |
| BANKBARODA | 230 | 240 |
| BATAINDIA | 1280 | 1310 |
| BEL | 275.9 | 285 |
| BERGEPAINT | 466.5 | 495 |
| BHARATFORG | 1306 | 1340 |
| BHARTIARTL | 1519.05 | 1560 |
| BHEL | 227.89 | 235 |
| BIOCON | 325 | 330 |
| BOSCHLTD | 34093.8 | 34000 |
| BPCL | 282.55 | 300 |
| BRITANNIA | 4764.95 | 5000 |
| BSOFT | 545.35 | 560 |
| CANBK | 95.06 | 100 |
| CANFINHOME | 823 | 830 |
| CHAMBLFERT | 460.15 | 480 |
| CHOLAFIN | 1215.1 | 1240 |
| CIPLA | 1456 | 1520 |
| COALINDIA | 405.7 | 425 |
| COFORGE | 8208.5 | 8000 |
| COLPAL | 2681.95 | 2800 |
| CONCOR | 771.45 | 810 |
| COROMANDEL | 1776.65 | 1720 |
| CROMPTON | 382.6 | 390 |
| CUB | 170.95 | 175 |
| CUMMINSIND | 3293.1 | 3400 |
| DABUR | 506.9 | 525 |
| DALBHARAT | 1774.85 | 1760 |
| DEEPAKNTR | 2628.2 | 2650 |
| DIVISLAB | 5953.95 | 5900 |
| DIXON | 15069.95 | 14750 |
| DLF | 778.45 | 780 |
| DRREDDY | 1193.7 | 1220 |
| EICHERMOT | 4909.7 | 4900 |
| ESCORTS | 3457.05 | 3600 |
| EXIDEIND | 416.4 | 440 |
| FEDERALBNK | 211.04 | 205 |
| GAIL | 189.74 | 197.5 |
| GLENMARK | 1461.85 | 1520 |
| GMRINFRA | 77.04 | 82 |
| GNFC | 557.25 | 570 |
| GODREJCP | 1180.5 | 1200 |
| GODREJPROP | 2718.1 | 2750 |
| GRANULES | 545 | 580 |
| GRASIM | 2532.05 | 2540 |
| GUJGASLTD | 454.9 | 480 |
| HAL | 3999.5 | 4200 |
| HAVELLS | 1631.2 | 1640 |
| HCLTECH | 1829 | 1820 |
| HDFCAMC | 4213.2 | 4300 |
| HDFCBANK | 1742.85 | 1740 |
| HDFCLIFE | 673.1 | 680 |
| HEROMOTOCO | 4755.2 | 4800 |
| HINDALCO | 646.8 | 650 |
| HINDCOPPER | 263.75 | 290 |
| HINDPETRO | 360.85 | 375 |
| HINDUNILVR | 2379.25 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1816.85 | 1880 |
| ICICIPRULI | 681.25 | 690 |
| IDEA | 6.99 | 8 |
| IDFCFIRSTB | 63.25 | 66 |
| IEX | 161.7 | 170 |
| IGL | 312.25 | 330 |
| INDHOTEL | 791.3 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4061.45 | 4000 |
| INDUSINDBK | 975.7 | 1040 |
| INDUSTOWER | 331.75 | 340 |
| INFY | 1826.65 | 1800 |
| IOC | 131.22 | 140 |
| IPCALAB | 1567 | 1560 |
| IRCTC | 798.2 | 820 |
| ITC | 456.6 | 475 |
| JINDALSTEL | 875 | 900 |
| JKCEMENT | 4008.45 | 4000 |
| JSWSTEEL | 942.4 | 960 |
| JUBLFOOD | 611.6 | 610 |
| KOTAKBANK | 1734.8 | 1760 |
| LALPATHLAB | 3018.7 | 3100 |
| LAURUSLABS | 488.4 | 490 |
| LICHSGFIN | 613.5 | 630 |
| LT | 3492.9 | 3600 |
| LTF | 138.17 | 140 |
| LTIM | 5914.15 | 5900 |
| LTTS | 5163.6 | 5150 |
| LUPIN | 2038.25 | 2100 |
| M&M | 2940.55 | 2900 |
| M&MFIN | 257.75 | 265 |
| MANAPPURAM | 151.19 | 155 |
| MARICO | 589 | 600 |
| MARUTI | 10906.75 | 11000 |
| MCX | 6199 | 6200 |
| METROPOLIS | 2011.95 | 2060 |
| MFSL | 1176.45 | 1200 |
| MGL | 1121.2 | 1160 |
| MOTHERSON | 161.97 | 175 |
| MPHASIS | 2772.9 | 2850 |
| MRF | 123150.7 | 122500 |
| MUTHOOTFIN | 1909 | 1880 |
| NATIONALUM | 248.94 | 240 |
| NAUKRI | 7531.55 | 7700 |
| NAVINFLUOR | 3276.4 | 3400 |
| NESTLEIND | 2205 | 2280 |
| NMDC | 218.94 | 225 |
| NTPC | 357.35 | 370 |
| OBEROIRLTY | 1933 | 1960 |
| OFSS | 11143.75 | 11500 |
| ONGC | 242.45 | 254 |
| PAGEIND | 44615.15 | 45500 |
| PEL | 1054.85 | 1060 |
| PERSISTENT | 5727.6 | 5600 |
| PETRONET | 321.25 | 328 |
| PFC | 454.25 | 460 |
| PIDILITIND | 2951.45 | 3060 |
| PIIND | 4128.4 | 4200 |
| PNB | 97 | 102 |
| POLYCAB | 6435.95 | 6500 |
| POWERGRID | 322.4 | 320 |
| PVRINOX | 1445.7 | 1500 |
| RAMCOCEM | 918.65 | 900 |
| RBLBANK | 158.83 | 160 |
| RECLTD | 491.7 | 510 |
| RELIANCE | 1219.8 | 1290 |
| SAIL | 111.6 | 115 |
| SBICARD | 673.9 | 690 |
| SBILIFE | 1482.5 | 1520 |
| SBIN | 783.65 | 800 |
| SHREECEM | 24291.4 | 24500 |
| SHRIRAMFIN | 2808.25 | 2900 |
| SIEMENS | 6690 | 6800 |
| SRF | 2158.45 | 2260 |
| SUNPHARMA | 1764.1 | 1800 |
| SUNTV | 727.25 | 730 |
| SYNGENE | 845.5 | 870 |
| TATACHEM | 1059 | 1100 |
| TATACOMM | 1714 | 1780 |
| TATACONSUM | 910.4 | 950 |
| TATAMOTORS | 778.1 | 800 |
| TATAPOWER | 410.5 | 420 |
| TATASTEEL | 140.65 | 145 |
| TCS | 4050 | 4100 |
| TECHM | 1696.5 | 1680 |
| TITAN | 3165.45 | 3200 |
| TORNTPHARM | 3095.5 | 3150 |
| TRENT | 6453.9 | 6600 |
| TVSMOTOR | 2401.1 | 2450 |
| UBL | 1821.4 | 1880 |
| ULTRACEMCO | 10940.5 | 11000 |
| UNITDSPR | 1492 | 1480 |
| UPL | 562.55 | 540 |
| VEDL | 443.05 | 460 |
| VOLTAS | 1674.7 | 1700 |
| WIPRO | 556.85 | 560 |
| ZYDUSLIFE | 940.7 | 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.
