GMRINFRA
Gmr Airports Infra Ltd
Max pain for GMRINFRA
14 Nov 2024 09:31 AM IST
Max Pain for GMRINFRA is 80
Strike 64 has a total call value of 0 versus a total put value of 60,116,062,500 Combined total value = 60,116,062,500
Strike 65 has a total call value of 0 versus a total put value of 55,789,312,500 Combined total value = 55,789,312,500
Strike 66 has a total call value of 0 versus a total put value of 51,462,562,500 Combined total value = 51,462,562,500
Strike 67 has a total call value of 0 versus a total put value of 47,214,562,500 Combined total value = 47,214,562,500
Strike 68 has a total call value of 0 versus a total put value of 43,041,937,500 Combined total value = 43,041,937,500
Strike 69 has a total call value of 0 versus a total put value of 38,886,750,000 Combined total value = 38,886,750,000
Strike 70 has a total call value of 0 versus a total put value of 34,770,937,500 Combined total value = 34,770,937,500
Strike 71 has a total call value of 157,500,000 versus a total put value of 31,110,750,000 Combined total value = 31,268,250,000
Strike 72 has a total call value of 315,000,000 versus a total put value of 27,483,750,000 Combined total value = 27,798,750,000
Strike 73 has a total call value of 472,500,000 versus a total put value of 23,990,062,500 Combined total value = 24,462,562,500
Strike 74 has a total call value of 630,000,000 versus a total put value of 20,538,562,500 Combined total value = 21,168,562,500
Strike 75 has a total call value of 799,875,000 versus a total put value of 17,165,812,500 Combined total value = 17,965,687,500
Strike 76 has a total call value of 1,152,562,500 versus a total put value of 14,329,687,500 Combined total value = 15,482,250,000
Strike 77 has a total call value of 1,629,000,000 versus a total put value of 11,609,437,500 Combined total value = 13,238,437,500
Strike 78 has a total call value of 2,363,625,000 versus a total put value of 9,159,187,500 Combined total value = 11,522,812,500
Strike 79 has a total call value of 3,498,750,000 versus a total put value of 7,035,187,500 Combined total value = 10,533,937,500
Strike 80 has a total call value of 4,813,312,500 versus a total put value of 5,040,000,000 Combined total value = 9,853,312,500
Strike 81 has a total call value of 7,806,937,500 versus a total put value of 3,868,312,500 Combined total value = 11,675,250,000
Strike 82 has a total call value of 11,295,000,000 versus a total put value of 2,887,312,500 Combined total value = 14,182,312,500
Strike 83 has a total call value of 15,138,562,500 versus a total put value of 2,103,750,000 Combined total value = 17,242,312,500
Strike 84 has a total call value of 19,247,625,000 versus a total put value of 1,320,187,500 Combined total value = 20,567,812,500
Strike 85 has a total call value of 23,646,375,000 versus a total put value of 536,625,000 Combined total value = 24,183,000,000
Strike 86 has a total call value of 29,064,937,500 versus a total put value of 223,875,000 Combined total value = 29,288,812,500
Strike 87 has a total call value of 34,628,625,000 versus a total put value of 0 Combined total value = 34,628,625,000
Strike 88 has a total call value of 40,338,562,500 versus a total put value of 0 Combined total value = 40,338,562,500
Strike 89 has a total call value of 46,223,437,500 versus a total put value of 0 Combined total value = 46,223,437,500
Strike 90 has a total call value of 52,108,312,500 versus a total put value of 0 Combined total value = 52,108,312,500
Strike 91 has a total call value of 59,417,437,500 versus a total put value of 0 Combined total value = 59,417,437,500
Strike 92 has a total call value of 66,726,562,500 versus a total put value of 0 Combined total value = 66,726,562,500
Strike 93 has a total call value of 74,035,687,500 versus a total put value of 0 Combined total value = 74,035,687,500
Strike 94 has a total call value of 81,344,812,500 versus a total put value of 0 Combined total value = 81,344,812,500
Strike 95 has a total call value of 88,653,937,500 versus a total put value of 0 Combined total value = 88,653,937,500
Strike 96 has a total call value of 95,963,062,500 versus a total put value of 0 Combined total value = 95,963,062,500
Strike 97 has a total call value of 103,272,187,500 versus a total put value of 0 Combined total value = 103,272,187,500
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 431.75 | 440 |
| ABB | 6697.55 | 7100 |
| ABBOTINDIA | 27788.5 | 28500 |
| ABCAPITAL | 189.25 | 200 |
| ABFRL | 292.15 | 270 |
| ACC | 2194.8 | 2280 |
| ADANIENT | 2831 | 3000 |
| ADANIPORTS | 1285.25 | 1340 |
| ALKEM | 5592.75 | 5500 |
| AMBUJACEM | 546.05 | 560 |
| APOLLOHOSP | 6845.45 | 7000 |
| APOLLOTYRE | 467.05 | 470 |
| ASHOKLEY | 216.15 | 220 |
| ASIANPAINT | 2482.75 | 2540 |
| ASTRAL | 1723.7 | 1760 |
| ATUL | 7277.75 | 7400 |
| AUBANK | 568.95 | 590 |
| AUROPHARMA | 1266.15 | 1300 |
| AXISBANK | 1146.45 | 1160 |
| BAJAJ-AUTO | 9461.8 | 9700 |
| BAJAJFINSV | 1656.55 | 1700 |
| BAJFINANCE | 6577.15 | 6800 |
| BALKRISIND | 2732.4 | 2750 |
| BANDHANBNK | 166.27 | 175 |
| BANKBARODA | 246.2 | 250 |
| BATAINDIA | 1327.65 | 1330 |
| BEL | 279.1 | 290 |
| BERGEPAINT | 488.95 | 500 |
| BHARATFORG | 1327 | 1380 |
| BHARTIARTL | 1545.2 | 1580 |
| BHEL | 223.5 | 235 |
| BIOCON | 334.55 | 335 |
| BOSCHLTD | 33331.3 | 34000 |
| BPCL | 304.8 | 310 |
| BRITANNIA | 4994.85 | 5100 |
| BSOFT | 551.9 | 560 |
| CANBK | 99.85 | 103 |
| CANFINHOME | 818.45 | 840 |
| CHAMBLFERT | 461.85 | 480 |
| CHOLAFIN | 1187.25 | 1260 |
| CIPLA | 1492.4 | 1540 |
| COALINDIA | 407.6 | 424.25 |
| COFORGE | 8136 | 8000 |
| COLPAL | 2753.7 | 2850 |
| CONCOR | 784.45 | 820 |
| COROMANDEL | 1666.6 | 1700 |
| CROMPTON | 381.95 | 395 |
| CUB | 172 | 175 |
| CUMMINSIND | 3302.95 | 3500 |
| DABUR | 510 | 530 |
| DALBHARAT | 1690.05 | 1780 |
| DEEPAKNTR | 2485.45 | 2600 |
| DIVISLAB | 5736.4 | 5900 |
| DIXON | 14867.95 | 14500 |
| DLF | 758.55 | 780 |
| DRREDDY | 1241 | 1270 |
| EICHERMOT | 4914.8 | 4800 |
| ESCORTS | 3497.9 | 3600 |
| EXIDEIND | 418.35 | 440 |
| FEDERALBNK | 199.76 | 202.5 |
| GAIL | 189.19 | 200 |
| GLENMARK | 1544.75 | 1600 |
| GMRINFRA | 76.39 | 80 |
| GNFC | 546.9 | 560 |
| GODREJCP | 1184.55 | 1200 |
| GODREJPROP | 2580.8 | 2700 |
| GRANULES | 530.75 | 490 |
| GRASIM | 2505.3 | 2500 |
| GUJGASLTD | 492 | 510 |
| HAL | 4013.6 | 4300 |
| HAVELLS | 1609.25 | 1640 |
| HCLTECH | 1889.55 | 1820 |
| HDFCAMC | 4306.7 | 4350 |
| HDFCBANK | 1694.9 | 1720 |
| HDFCLIFE | 686.6 | 700 |
| HEROMOTOCO | 4507.65 | 4800 |
| HINDALCO | 632.5 | 650 |
| HINDCOPPER | 261.7 | 290 |
| HINDPETRO | 369.1 | 380 |
| HINDUNILVR | 2432.6 | 2500 |
| ICICIBANK | 1256.95 | 1260 |
| ICICIGI | 1867.35 | 1900 |
| ICICIPRULI | 693.35 | 710 |
| IDEA | 7.5 | 8 |
| IDFCFIRSTB | 64.05 | 65 |
| IEX | 162.74 | 170 |
| IGL | 413.95 | 420 |
| INDHOTEL | 722.7 | 710 |
| INDIAMART | 2313.7 | 2300 |
| INDIGO | 3873.85 | 4000 |
| INDUSINDBK | 1038.35 | 1080 |
| INDUSTOWER | 318.6 | 340 |
| INFY | 1873.9 | 1820 |
| IOC | 135.66 | 140 |
| IPCALAB | 1512.75 | 1520 |
| IRCTC | 797.05 | 830 |
| ITC | 470.7 | 480 |
| JINDALSTEL | 877.7 | 900 |
| JKCEMENT | 3958.75 | 4150 |
| JSWSTEEL | 935.5 | 960 |
| JUBLFOOD | 618.95 | 620 |
| KOTAKBANK | 1694.35 | 1740 |
| LALPATHLAB | 2933.85 | 3100 |
| LAURUSLABS | 480.2 | 490 |
| LICHSGFIN | 613.45 | 630 |
| LT | 3529.1 | 3600 |
| LTF | 136.88 | 140 |
| LTIM | 5935.05 | 5950 |
| LTTS | 5170.65 | 5200 |
| LUPIN | 2031.3 | 2100 |
| M&M | 2762.55 | 2850 |
| M&MFIN | 258.55 | 270 |
| MANAPPURAM | 159.78 | 157.5 |
| MARICO | 595.3 | 610 |
| MARUTI | 10963.25 | 11100 |
| MCX | 6071.5 | 6200 |
| METROPOLIS | 2039.9 | 2100 |
| MFSL | 1211.8 | 1200 |
| MGL | 1327.65 | 1400 |
| MOTHERSON | 163.18 | 170 |
| MPHASIS | 2875.35 | 2900 |
| MRF | 121062.35 | 120000 |
| MUTHOOTFIN | 1765.4 | 1820 |
| NATIONALUM | 224.64 | 225 |
| NAUKRI | 7609.95 | 7700 |
| NAVINFLUOR | 3279.8 | 3350 |
| NESTLEIND | 2227.15 | 2300 |
| NMDC | 226.09 | 230 |
| NTPC | 383.5 | 390 |
| OBEROIRLTY | 1954.9 | 2000 |
| OFSS | 11949.95 | 11500 |
| ONGC | 252.2 | 260 |
| PAGEIND | 45866.5 | 46000 |
| PEL | 1023.7 | 1020 |
| PERSISTENT | 5771.95 | 5600 |
| PETRONET | 317.05 | 328 |
| PFC | 467.4 | 460 |
| PIDILITIND | 2979.4 | 3100 |
| PIIND | 4106.6 | 4300 |
| PNB | 101.85 | 105 |
| POLYCAB | 6363.05 | 6500 |
| POWERGRID | 313.65 | 320 |
| PVRINOX | 1461.9 | 1480 |
| RAMCOCEM | 893.25 | 880 |
| RBLBANK | 153.72 | 160 |
| RECLTD | 511.4 | 520 |
| RELIANCE | 1259.8 | 1300 |
| SAIL | 112.93 | 115 |
| SBICARD | 686.2 | 690 |
| SBILIFE | 1555.3 | 1580 |
| SBIN | 812.8 | 830 |
| SHREECEM | 23776.55 | 24500 |
| SHRIRAMFIN | 2815 | 3000 |
| SIEMENS | 6636.6 | 6900 |
| SRF | 2203.1 | 2280 |
| SUNPHARMA | 1777.7 | 1820 |
| SUNTV | 728 | 730 |
| SYNGENE | 859.3 | 880 |
| TATACHEM | 1047.05 | 1100 |
| TATACOMM | 1757.1 | 1780 |
| TATACONSUM | 951.1 | 980 |
| TATAMOTORS | 786 | 810 |
| TATAPOWER | 405.5 | 425 |
| TATASTEEL | 139.75 | 147.5 |
| TCS | 4140 | 4150 |
| TECHM | 1683.9 | 1660 |
| TITAN | 3181.8 | 3200 |
| TORNTPHARM | 3114.75 | 3200 |
| TRENT | 6458.7 | 6600 |
| TVSMOTOR | 2377.85 | 2400 |
| UBL | 1865.45 | 1900 |
| ULTRACEMCO | 10579.45 | 11000 |
| UNITDSPR | 1433.4 | 1460 |
| UPL | 514 | 530 |
| VEDL | 433.85 | 460 |
| VOLTAS | 1713 | 1700 |
| WIPRO | 571.9 | 560 |
| ZYDUSLIFE | 972.35 | 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.
