GMRINFRA
Gmr Airports Infra Ltd
Max pain for GMRINFRA
21 Nov 2024 04:11 PM IST
Max Pain for GMRINFRA is 82
Strike 64 has a total call value of 0 versus a total put value of 132,134,625,000 Combined total value = 132,134,625,000
Strike 65 has a total call value of 0 versus a total put value of 125,084,250,000 Combined total value = 125,084,250,000
Strike 66 has a total call value of 0 versus a total put value of 118,033,875,000 Combined total value = 118,033,875,000
Strike 67 has a total call value of 0 versus a total put value of 111,069,562,500 Combined total value = 111,069,562,500
Strike 68 has a total call value of 0 versus a total put value of 104,173,875,000 Combined total value = 104,173,875,000
Strike 69 has a total call value of 0 versus a total put value of 97,323,187,500 Combined total value = 97,323,187,500
Strike 70 has a total call value of 0 versus a total put value of 90,537,750,000 Combined total value = 90,537,750,000
Strike 71 has a total call value of 110,250,000 versus a total put value of 84,101,062,500 Combined total value = 84,211,312,500
Strike 72 has a total call value of 220,500,000 versus a total put value of 77,723,437,500 Combined total value = 77,943,937,500
Strike 73 has a total call value of 365,062,500 versus a total put value of 71,525,250,000 Combined total value = 71,890,312,500
Strike 74 has a total call value of 511,312,500 versus a total put value of 65,406,937,500 Combined total value = 65,918,250,000
Strike 75 has a total call value of 686,250,000 versus a total put value of 59,428,687,500 Combined total value = 60,114,937,500
Strike 76 has a total call value of 1,145,812,500 versus a total put value of 54,212,625,000 Combined total value = 55,358,437,500
Strike 77 has a total call value of 1,936,125,000 versus a total put value of 49,140,562,500 Combined total value = 51,076,687,500
Strike 78 has a total call value of 3,013,875,000 versus a total put value of 44,306,437,500 Combined total value = 47,320,312,500
Strike 79 has a total call value of 4,609,687,500 versus a total put value of 39,819,375,000 Combined total value = 44,429,062,500
Strike 80 has a total call value of 6,393,937,500 versus a total put value of 35,413,875,000 Combined total value = 41,807,812,500
Strike 81 has a total call value of 9,794,812,500 versus a total put value of 31,615,875,000 Combined total value = 41,410,687,500
Strike 82 has a total call value of 13,418,437,500 versus a total put value of 27,952,875,000 Combined total value = 41,371,312,500
Strike 83 has a total call value of 17,548,312,500 versus a total put value of 24,788,812,500 Combined total value = 42,337,125,000
Strike 84 has a total call value of 21,894,750,000 versus a total put value of 21,742,312,500 Combined total value = 43,637,062,500
Strike 85 has a total call value of 26,557,312,500 versus a total put value of 18,817,312,500 Combined total value = 45,374,625,000
Strike 86 has a total call value of 32,350,500,000 versus a total put value of 16,328,812,500 Combined total value = 48,679,312,500
Strike 87 has a total call value of 38,311,312,500 versus a total put value of 13,946,062,500 Combined total value = 52,257,375,000
Strike 88 has a total call value of 44,441,437,500 versus a total put value of 11,799,000,000 Combined total value = 56,240,437,500
Strike 89 has a total call value of 50,759,437,500 versus a total put value of 9,651,937,500 Combined total value = 60,411,375,000
Strike 90 has a total call value of 57,141,562,500 versus a total put value of 7,504,875,000 Combined total value = 64,646,437,500
Strike 91 has a total call value of 64,857,375,000 versus a total put value of 6,160,500,000 Combined total value = 71,017,875,000
Strike 92 has a total call value of 72,608,062,500 versus a total put value of 4,816,125,000 Combined total value = 77,424,187,500
Strike 93 has a total call value of 80,358,750,000 versus a total put value of 3,471,750,000 Combined total value = 83,830,500,000
Strike 94 has a total call value of 88,253,437,500 versus a total put value of 2,127,375,000 Combined total value = 90,380,812,500
Strike 95 has a total call value of 96,245,437,500 versus a total put value of 783,000,000 Combined total value = 97,028,437,500
Strike 96 has a total call value of 105,372,000,000 versus a total put value of 627,187,500 Combined total value = 105,999,187,500
Strike 97 has a total call value of 114,498,562,500 versus a total put value of 471,375,000 Combined total value = 114,969,937,500
Strike 98 has a total call value of 123,625,125,000 versus a total put value of 315,562,500 Combined total value = 123,940,687,500
Strike 99 has a total call value of 132,751,687,500 versus a total put value of 178,875,000 Combined total value = 132,930,562,500
Strike 100 has a total call value of 141,878,250,000 versus a total put value of 42,187,500 Combined total value = 141,920,437,500
Strike 101 has a total call value of 151,743,375,000 versus a total put value of 33,750,000 Combined total value = 151,777,125,000
Strike 102 has a total call value of 161,608,500,000 versus a total put value of 25,312,500 Combined total value = 161,633,812,500
Strike 103 has a total call value of 171,473,625,000 versus a total put value of 16,875,000 Combined total value = 171,490,500,000
Strike 104 has a total call value of 181,338,750,000 versus a total put value of 8,437,500 Combined total value = 181,347,187,500
Strike 105 has a total call value of 191,203,875,000 versus a total put value of 0 Combined total value = 191,203,875,000
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.
