GMRINFRA
Gmr Airports Infra Ltd
Max pain for GMRINFRA
12 Nov 2024 04:11 PM IST
Max Pain for GMRINFRA is 83
Strike 64 has a total call value of 0 versus a total put value of 130,510,125,000 Combined total value = 130,510,125,000
Strike 65 has a total call value of 0 versus a total put value of 123,757,312,500 Combined total value = 123,757,312,500
Strike 66 has a total call value of 0 versus a total put value of 117,004,500,000 Combined total value = 117,004,500,000
Strike 67 has a total call value of 0 versus a total put value of 110,332,687,500 Combined total value = 110,332,687,500
Strike 68 has a total call value of 0 versus a total put value of 103,717,687,500 Combined total value = 103,717,687,500
Strike 69 has a total call value of 0 versus a total put value of 97,102,687,500 Combined total value = 97,102,687,500
Strike 70 has a total call value of 0 versus a total put value of 90,507,937,500 Combined total value = 90,507,937,500
Strike 71 has a total call value of 165,937,500 versus a total put value of 84,346,875,000 Combined total value = 84,512,812,500
Strike 72 has a total call value of 331,875,000 versus a total put value of 78,211,687,500 Combined total value = 78,543,562,500
Strike 73 has a total call value of 497,812,500 versus a total put value of 72,232,312,500 Combined total value = 72,730,125,000
Strike 74 has a total call value of 663,750,000 versus a total put value of 66,283,312,500 Combined total value = 66,947,062,500
Strike 75 has a total call value of 836,437,500 versus a total put value of 60,398,437,500 Combined total value = 61,234,875,000
Strike 76 has a total call value of 1,164,937,500 versus a total put value of 54,941,062,500 Combined total value = 56,106,000,000
Strike 77 has a total call value of 1,533,375,000 versus a total put value of 49,574,812,500 Combined total value = 51,108,187,500
Strike 78 has a total call value of 2,063,812,500 versus a total put value of 44,487,000,000 Combined total value = 46,550,812,500
Strike 79 has a total call value of 2,929,500,000 versus a total put value of 39,753,562,500 Combined total value = 42,683,062,500
Strike 80 has a total call value of 3,953,250,000 versus a total put value of 35,188,312,500 Combined total value = 39,141,562,500
Strike 81 has a total call value of 6,531,750,000 versus a total put value of 31,469,062,500 Combined total value = 38,000,812,500
Strike 82 has a total call value of 9,376,312,500 versus a total put value of 27,953,437,500 Combined total value = 37,329,750,000
Strike 83 has a total call value of 12,585,375,000 versus a total put value of 24,634,125,000 Combined total value = 37,219,500,000
Strike 84 has a total call value of 16,072,312,500 versus a total put value of 21,410,437,500 Combined total value = 37,482,750,000
Strike 85 has a total call value of 20,012,062,500 versus a total put value of 18,295,875,000 Combined total value = 38,307,937,500
Strike 86 has a total call value of 25,096,500,000 versus a total put value of 15,663,937,500 Combined total value = 40,760,437,500
Strike 87 has a total call value of 30,350,250,000 versus a total put value of 13,122,000,000 Combined total value = 43,472,250,000
Strike 88 has a total call value of 35,782,875,000 versus a total put value of 10,802,812,500 Combined total value = 46,585,687,500
Strike 89 has a total call value of 41,412,937,500 versus a total put value of 8,636,625,000 Combined total value = 50,049,562,500
Strike 90 has a total call value of 47,140,312,500 versus a total put value of 6,470,437,500 Combined total value = 53,610,750,000
Strike 91 has a total call value of 54,383,062,500 versus a total put value of 5,173,312,500 Combined total value = 59,556,375,000
Strike 92 has a total call value of 61,679,250,000 versus a total put value of 3,876,187,500 Combined total value = 65,555,437,500
Strike 93 has a total call value of 69,027,750,000 versus a total put value of 2,612,250,000 Combined total value = 71,640,000,000
Strike 94 has a total call value of 76,525,312,500 versus a total put value of 1,348,312,500 Combined total value = 77,873,625,000
Strike 95 has a total call value of 84,124,125,000 versus a total put value of 84,375,000 Combined total value = 84,208,500,000
Strike 96 has a total call value of 92,994,750,000 versus a total put value of 75,937,500 Combined total value = 93,070,687,500
Strike 97 has a total call value of 101,865,375,000 versus a total put value of 67,500,000 Combined total value = 101,932,875,000
Strike 98 has a total call value of 110,736,000,000 versus a total put value of 59,062,500 Combined total value = 110,795,062,500
Strike 99 has a total call value of 119,606,625,000 versus a total put value of 50,625,000 Combined total value = 119,657,250,000
Strike 100 has a total call value of 128,477,250,000 versus a total put value of 42,187,500 Combined total value = 128,519,437,500
Strike 101 has a total call value of 138,129,750,000 versus a total put value of 33,750,000 Combined total value = 138,163,500,000
Strike 102 has a total call value of 147,782,250,000 versus a total put value of 25,312,500 Combined total value = 147,807,562,500
Strike 103 has a total call value of 157,434,750,000 versus a total put value of 16,875,000 Combined total value = 157,451,625,000
Strike 104 has a total call value of 167,087,250,000 versus a total put value of 8,437,500 Combined total value = 167,095,687,500
Strike 105 has a total call value of 176,739,750,000 versus a total put value of 0 Combined total value = 176,739,750,000
Strike 106 has a total call value of 186,437,250,000 versus a total put value of 0 Combined total value = 186,437,250,000
Strike 107 has a total call value of 196,134,750,000 versus a total put value of 0 Combined total value = 196,134,750,000
Strike 108 has a total call value of 205,832,250,000 versus a total put value of 0 Combined total value = 205,832,250,000
Strike 109 has a total call value of 215,529,750,000 versus a total put value of 0 Combined total value = 215,529,750,000
Strike 110 has a total call value of 225,227,250,000 versus a total put value of 0 Combined total value = 225,227,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
