[--[65.84.65.76]--]

GODREJPROP

Godrej Properties Ltd
1969 -6.10 (-0.31%)
L: 1962.2 H: 1976.2
Max Pain - GODREJPROP
09 Dec 2025 09:27 AM IST
Live


Strike  1760  has a total call value of 0  versus a total put value of  24,492,600,000 Combined total value = 24,492,600,000

Strike  1780  has a total call value of 0  versus a total put value of  21,840,500,000 Combined total value = 21,840,500,000

Strike  1800  has a total call value of 0  versus a total put value of  19,188,400,000 Combined total value = 19,188,400,000

Strike  1820  has a total call value of 0  versus a total put value of  16,845,400,000 Combined total value = 16,845,400,000

Strike  1840  has a total call value of 0  versus a total put value of  14,502,400,000 Combined total value = 14,502,400,000

Strike  1860  has a total call value of 0  versus a total put value of  12,393,150,000 Combined total value = 12,393,150,000

Strike  1880  has a total call value of 0  versus a total put value of  10,382,900,000 Combined total value = 10,382,900,000

Strike  1900  has a total call value of 0  versus a total put value of  8,543,150,000 Combined total value = 8,543,150,000

Strike  1920  has a total call value of 295,350,000  versus a total put value of  6,982,800,000 Combined total value = 7,278,150,000

Strike  1940  has a total call value of 590,700,000  versus a total put value of  5,593,500,000 Combined total value = 6,184,200,000

Strike  1960  has a total call value of 906,950,000  versus a total put value of  4,369,200,000 Combined total value = 5,276,150,000

Strike  1980  has a total call value of 1,299,650,000  versus a total put value of  3,262,600,000 Combined total value = 4,562,250,000

Strike  2000  has a total call value of 1,920,050,000  versus a total put value of  2,214,300,000 Combined total value = 4,134,350,000

Strike  2020  has a total call value of 3,036,000,000  versus a total put value of  1,691,800,000 Combined total value = 4,727,800,000

Strike  2040  has a total call value of 4,271,300,000  versus a total put value of  1,268,850,000 Combined total value = 5,540,150,000

Strike  2060  has a total call value of 5,809,100,000  versus a total put value of  845,900,000 Combined total value = 6,655,000,000

Strike  2080  has a total call value of 7,616,400,000  versus a total put value of  422,950,000 Combined total value = 8,039,350,000

Strike  2100  has a total call value of 9,838,400,000  versus a total put value of  0 Combined total value = 9,838,400,000

Strike  2120  has a total call value of 13,553,100,000  versus a total put value of  0 Combined total value = 13,553,100,000

Strike  2140  has a total call value of 17,580,750,000  versus a total put value of  0 Combined total value = 17,580,750,000

Strike  2160  has a total call value of 22,080,300,000  versus a total put value of  0 Combined total value = 22,080,300,000

Strike  2180  has a total call value of 26,952,200,000  versus a total put value of  0 Combined total value = 26,952,200,000

Strike  2200  has a total call value of 32,004,500,000  versus a total put value of  0 Combined total value = 32,004,500,000

Strike  2220  has a total call value of 38,848,700,000  versus a total put value of  0 Combined total value = 38,848,700,000

Strike  2240  has a total call value of 45,875,500,000  versus a total put value of  0 Combined total value = 45,875,500,000

Strike  2260  has a total call value of 52,902,300,000  versus a total put value of  0 Combined total value = 52,902,300,000

Strike  2280  has a total call value of 59,929,100,000  versus a total put value of  0 Combined total value = 59,929,100,000

Strike  2300  has a total call value of 67,010,900,000  versus a total put value of  0 Combined total value = 67,010,900,000

Strike  2320  has a total call value of 74,571,750,000  versus a total put value of  0 Combined total value = 74,571,750,000

Strike  2340  has a total call value of 82,132,600,000  versus a total put value of  0 Combined total value = 82,132,600,000

Strike  2360  has a total call value of 89,693,450,000  versus a total put value of  0 Combined total value = 89,693,450,000

Strike  2380  has a total call value of 97,254,300,000  versus a total put value of  0 Combined total value = 97,254,300,000

Strike  2400  has a total call value of 104,815,150,000  versus a total put value of  0 Combined total value = 104,815,150,000

Strike  2420  has a total call value of 112,660,900,000  versus a total put value of  0 Combined total value = 112,660,900,000

Strike  2440  has a total call value of 120,506,650,000  versus a total put value of  0 Combined total value = 120,506,650,000

Strike  2460  has a total call value of 128,352,400,000  versus a total put value of  0 Combined total value = 128,352,400,000

Strike  2480  has a total call value of 136,198,150,000  versus a total put value of  0 Combined total value = 136,198,150,000

Strike  2500  has a total call value of 144,043,900,000  versus a total put value of  0 Combined total value = 144,043,900,000

Strike  2520  has a total call value of 151,889,650,000  versus a total put value of  0 Combined total value = 151,889,650,000

Strike  2540  has a total call value of 159,735,400,000  versus a total put value of  0 Combined total value = 159,735,400,000

Strike  2560  has a total call value of 167,581,150,000  versus a total put value of  0 Combined total value = 167,581,150,000

Strike  2580  has a total call value of 175,426,900,000  versus a total put value of  0 Combined total value = 175,426,900,000

Strike  2600  has a total call value of 183,272,650,000  versus a total put value of  0 Combined total value = 183,272,650,000

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1124.9 1140
ABB 5005 5100
ABCAPITAL 356 350
ADANIENSOL 955.2 960
ADANIENT 2201.4 2260
ADANIGREEN 990.2 1000
ADANIPORTS 1472.4 1500
ALKEM 5568 5500
AMBER 6395 6500
AMBUJACEM 525.8 540
ANGELONE 2502.5 2600
APLAPOLLO 1731.6 1740
APOLLOHOSP 7077 7300
ASHOKLEY 157.04 159
ASIANPAINT 2835.8 2900
ASTRAL 1433.8 1460
AUBANK 952.5 950
AUROPHARMA 1171 1220
AXISBANK 1268.9 1280
BAJAJ-AUTO 8956 9000
BAJAJFINSV 2049.3 2060
BAJFINANCE 1023 1030
BANDHANBNK 135.42 150
BANKBARODA 282.5 290
BANKINDIA 136.94 140
BDL 1401.2 1480
BEL 384.2 405
BHARATFORG 1355.6 1400
BHARTIARTL 2091.5 2100
BHEL 271.85 277.5
BIOCON 380.75 395
BLUESTARCO 1717.9 1600
BOSCHLTD 36520 36500
BPCL 356.5 360
BRITANNIA 5808 5800
BSE 2760 2800
CAMS 743 760
CANBK 141.6 147
CDSL 1489.8 1560
CGPOWER 639.35 670
CHOLAFIN 1710.5 1700
CIPLA 1499.5 1520
COALINDIA 374.35 380
COFORGE 1885.2 1880
COLPAL 2147.3 2200
CONCOR 495.45 510
CROMPTON 250.9 265
CUMMINSIND 4416.1 4500
CYIENT 1129.5 1140
DABUR 500.2 510
DALBHARAT 1968.2 2000
DELHIVERY 396 400
DIVISLAB 6306.5 6400
DIXON 13338 14000
DLF 682.15 710
DMART 3868.6 3950
DRREDDY 1255.8 1270
EICHERMOT 7112 7100
ETERNAL 282.4 300
EXIDEIND 369.65 375
FEDERALBNK 256.2 257.5
FORTIS 853.7 890
GAIL 165.18 175
GLENMARK 1901.5 1940
GMRAIRPORT 99.07 100
GODREJCP 1111.2 1140
GODREJPROP 1969 2000
GRASIM 2738.8 2760
HAL 4217.2 4500
HAVELLS 1394 1440
HCLTECH 1670.3 1660
HDFCAMC 2532 2600
HDFCBANK 1000.9 1000
HDFCLIFE 756.95 770
HEROMOTOCO 6088.5 6200
HFCL 65.85 67
HINDALCO 807.5 800
HINDPETRO 444.85 450
HINDUNILVR 2324.9 2340
HINDZINC 483.7 495
HUDCO 210.87 225
ICICIBANK 1382.6 1380
ICICIGI 1943 2000
ICICIPRULI 618 620
IDEA 10.22 10
IDFCFIRSTB 78.99 80
IEX 141.1 145
IIFL 548.75 550
INDHOTEL 713.85 730
INDIANB 771.45 810
INDIGO 4919.5 5200
INDUSINDBK 836.05 860
INDUSTOWER 400.35 410
INFY 1596.7 1600
INOXWIND 122.35 130
IOC 162.61 163
IRCTC 660.2 680
IREDA 129.9 135
IRFC 110.93 113
ITC 401.05 405
JINDALSTEL 985.5 1010
JIOFIN 292.45 305
JSWENERGY 449.05 470
JSWSTEEL 1117.3 1140
JUBLFOOD 579.7 590
KALYANKJIL 467.8 490
KAYNES 3774 4800
KEI 4030.6 4100
KFINTECH 1032.8 1060
KOTAKBANK 2126.1 2120
KPITTECH 1201.2 1220
LAURUSLABS 997 1000
LICHSGFIN 520.9 550
LICI 851.65 870
LODHA 1060.5 1120
LT 3973.9 4000
LTF 298.4 300
LTIM 6209 6300
LUPIN 2059.4 2080
M&M 3637.2 3700
MANAPPURAM 270.05 275
MANKIND 2170 2200
MARICO 725.3 730
MARUTI 16092 16100
MAXHEALTH 1067 1080
MAZDOCK 2420.4 2600
MCX 10139 10100
MFSL 1688.7 1700
MOTHERSON 114.05 114
MPHASIS 2882.9 2900
MUTHOOTFIN 3737.1 3700
NATIONALUM 261.05 265
NAUKRI 1349.1 1380
NBCC 106.82 110
NCC 161.19 170
NESTLEIND 1208.7 1240
NHPC 75.69 78
NMDC 73.51 76
NTPC 318.1 322.5
NUVAMA 7066.5 7000
NYKAA 248.1 260
OBEROIRLTY 1619.9 1600
OFSS 7936 8200
OIL 400.75 405
ONGC 237.43 240
PAGEIND 36855 37500
PATANJALI 544.1 550
PAYTM 1303.3 1320
PERSISTENT 6276.5 6400
PETRONET 267.6 275
PFC 339.15 360
PGEL 532.75 540
PHOENIXLTD 1707.2 1700
PIDILITIND 1445.5 1480
PIIND 3269.1 3400
PNB 115.55 120
PNBHOUSING 863.45 900
POLICYBZR 1903.8 1900
POLYCAB 6993.5 7200
POWERGRID 264.1 270
POWERINDIA 18740 19000
PPLPHARMA 171.88 180
PRESTIGE 1596.8 1620
RBLBANK 296.75 300
RECLTD 339.25 355
RELIANCE 1525.2 1540
RVNL 302.55 310
SAIL 127.86 132
SAMMAANCAP 139.81 155
SBICARD 862.35 860
SBILIFE 2000.1 2020
SBIN 954.25 965
SHREECEM 25960 26500
SHRIRAMFIN 827.05 830
SIEMENS 3140.1 3250
SOLARINDS 12254 13000
SONACOMS 479.65 500
SRF 2833.9 2900
SUNPHARMA 1792.5 1800
SUPREMEIND 3322.3 3300
SUZLON 51.14 54
SYNGENE 627.2 630
TATACONSUM 1137.5 1150
TATAELXSI 5000 5200
TATAMOTORS 0 320
TATAPOWER 372.75 390
TATASTEEL 161.82 170
TATATECH 644 660
TCS 3199.9 3200
TECHM 1575.2 1540
TIINDIA 2551.2 2650
TITAGARH 753.85 800
TITAN 3765 3840
TMPV 344.7 360
TORNTPHARM 3748.9 3750
TORNTPOWER 1240.5 1300
TRENT 4009.9 4300
TVSMOTOR 3575.2 3600
ULTRACEMCO 11436 11600
UNIONBANK 146.4 150
UNITDSPR 1418.5 1430
UNOMINDA 1242.6 1240
UPL 734.45 750
VBL 462.9 470
VEDL 505.35 520
VOLTAS 1313.5 1340
WIPRO 258.9 257.5
YESBANK 21.72 23
ZYDUSLIFE 919.85 930

Note:
Stock LTP > Max Pain Bearish Trend
Stock LTP < Max Pain Bullish Trend
Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

  1. For each strike price: Calculate the difference between the current stock price and the strike price.
  2. Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
  3. Sum the values: Add together the dollar value for put options and call options at each strike price.
  4. Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
  5. Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

  • Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
  • Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
  • Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
  • Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
  • Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

  • Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
  • Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
  • Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
  • Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

  • Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
  • Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
  • Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
  • New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

  • Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
  • Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

  • Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
  • Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
  • Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
  • Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
  • Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

  • Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
  • Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
  • High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
  • Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
  • Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.