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GODREJPROP

Godrej Properties Ltd
2069.3 -5.80 (-0.28%)
L: 2041.5 H: 2079.8
Max Pain - GODREJPROP
15 Dec 2025 01:27 PM IST
Live


Strike  1760  has a total call value of 0  versus a total put value of  32,661,750,000 Combined total value = 32,661,750,000

Strike  1780  has a total call value of 0  versus a total put value of  29,709,350,000 Combined total value = 29,709,350,000

Strike  1800  has a total call value of 0  versus a total put value of  26,756,950,000 Combined total value = 26,756,950,000

Strike  1820  has a total call value of 0  versus a total put value of  24,021,250,000 Combined total value = 24,021,250,000

Strike  1840  has a total call value of 0  versus a total put value of  21,285,550,000 Combined total value = 21,285,550,000

Strike  1860  has a total call value of 0  versus a total put value of  18,649,950,000 Combined total value = 18,649,950,000

Strike  1880  has a total call value of 0  versus a total put value of  16,119,950,000 Combined total value = 16,119,950,000

Strike  1900  has a total call value of 0  versus a total put value of  13,786,300,000 Combined total value = 13,786,300,000

Strike  1920  has a total call value of 218,350,000  versus a total put value of  11,752,950,000 Combined total value = 11,971,300,000

Strike  1940  has a total call value of 436,700,000  versus a total put value of  9,869,750,000 Combined total value = 10,306,450,000

Strike  1960  has a total call value of 655,050,000  versus a total put value of  8,152,100,000 Combined total value = 8,807,150,000

Strike  1980  has a total call value of 915,750,000  versus a total put value of  6,523,000,000 Combined total value = 7,438,750,000

Strike  2000  has a total call value of 1,274,900,000  versus a total put value of  5,016,550,000 Combined total value = 6,291,450,000

Strike  2020  has a total call value of 1,800,700,000  versus a total put value of  3,871,450,000 Combined total value = 5,672,150,000

Strike  2040  has a total call value of 2,462,350,000  versus a total put value of  2,855,600,000 Combined total value = 5,317,950,000

Strike  2060  has a total call value of 3,289,000,000  versus a total put value of  2,067,450,000 Combined total value = 5,356,450,000

Strike  2080  has a total call value of 4,302,650,000  versus a total put value of  1,401,950,000 Combined total value = 5,704,600,000

Strike  2100  has a total call value of 5,476,900,000  versus a total put value of  859,100,000 Combined total value = 6,336,000,000

Strike  2120  has a total call value of 7,682,400,000  versus a total put value of  675,400,000 Combined total value = 8,357,800,000

Strike  2140  has a total call value of 10,134,850,000  versus a total put value of  491,700,000 Combined total value = 10,626,550,000

Strike  2160  has a total call value of 13,209,900,000  versus a total put value of  308,000,000 Combined total value = 13,517,900,000

Strike  2180  has a total call value of 16,681,500,000  versus a total put value of  154,000,000 Combined total value = 16,835,500,000

Strike  2200  has a total call value of 20,251,000,000  versus a total put value of  0 Combined total value = 20,251,000,000

Strike  2220  has a total call value of 25,034,350,000  versus a total put value of  0 Combined total value = 25,034,350,000

Strike  2240  has a total call value of 29,970,600,000  versus a total put value of  0 Combined total value = 29,970,600,000

Strike  2260  has a total call value of 34,928,300,000  versus a total put value of  0 Combined total value = 34,928,300,000

Strike  2280  has a total call value of 39,886,000,000  versus a total put value of  0 Combined total value = 39,886,000,000

Strike  2300  has a total call value of 44,927,850,000  versus a total put value of  0 Combined total value = 44,927,850,000

Strike  2320  has a total call value of 50,368,450,000  versus a total put value of  0 Combined total value = 50,368,450,000

Strike  2340  has a total call value of 55,809,050,000  versus a total put value of  0 Combined total value = 55,809,050,000

Strike  2360  has a total call value of 61,249,650,000  versus a total put value of  0 Combined total value = 61,249,650,000

Strike  2380  has a total call value of 66,690,250,000  versus a total put value of  0 Combined total value = 66,690,250,000

Strike  2400  has a total call value of 72,130,850,000  versus a total put value of  0 Combined total value = 72,130,850,000

Strike  2420  has a total call value of 77,571,450,000  versus a total put value of  0 Combined total value = 77,571,450,000

Strike  2440  has a total call value of 83,012,050,000  versus a total put value of  0 Combined total value = 83,012,050,000

Strike  2460  has a total call value of 88,452,650,000  versus a total put value of  0 Combined total value = 88,452,650,000

Strike  2480  has a total call value of 93,893,250,000  versus a total put value of  0 Combined total value = 93,893,250,000

Strike  2500  has a total call value of 99,333,850,000  versus a total put value of  0 Combined total value = 99,333,850,000

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1136.4 1140
ABB 5275 5200
ABCAPITAL 354 350
ADANIENSOL 1015 990
ADANIENT 2284 2300
ADANIGREEN 1048.6 1040
ADANIPORTS 1514 1500
ALKEM 5614 5700
AMBER 6812.5 6700
AMBUJACEM 553.8 550
ANGELONE 2575.5 2600
APLAPOLLO 1727 1740
APOLLOHOSP 7066.5 7200
ASHOKLEY 166.29 160
ASIANPAINT 2784.4 2800
ASTRAL 1423.2 1440
AUBANK 980.7 960
AUROPHARMA 1185 1200
AXISBANK 1286.5 1280
BAJAJ-AUTO 8921.5 9000
BAJAJFINSV 2072.8 2060
BAJFINANCE 1011.8 1020
BANDHANBNK 150.42 150
BANKBARODA 286 290
BANKINDIA 141.69 142
BDL 1403.5 1440
BEL 390.25 400
BHARATFORG 1407.6 1400
BHARTIARTL 2076.6 2100
BHEL 282.8 282.5
BIOCON 384.55 390
BLUESTARCO 1809.5 1780
BOSCHLTD 36415 36500
BPCL 365.95 365
BRITANNIA 6054 5950
BSE 2668.6 2750
CAMS 755.9 770
CANBK 148.55 148
CDSL 1516.4 1560
CGPOWER 668.5 680
CHOLAFIN 1731.5 1700
CIPLA 1507 1520
COALINDIA 384.3 382.25
COFORGE 1866.2 1840
COLPAL 2163.9 2180
CONCOR 503.45 510
CROMPTON 253.1 265
CUMMINSIND 4546 4500
CYIENT 1154.8 1160
DABUR 497.05 500
DALBHARAT 2094.5 2040
DELHIVERY 408.65 415
DIVISLAB 6377.5 6400
DIXON 13704 13750
DLF 697.2 710
DMART 3823 3900
DRREDDY 1279.7 1270
EICHERMOT 7107.5 7150
ETERNAL 298.5 300
EXIDEIND 371.1 375
FEDERALBNK 265.6 260
FORTIS 864.7 880
GAIL 170.11 175
GLENMARK 1974 1940
GMRAIRPORT 105.31 102
GODREJCP 1160.5 1140
GODREJPROP 2069.3 2040
GRASIM 2828.5 2800
HAL 4330.9 4500
HAVELLS 1413.6 1420
HCLTECH 1684.5 1660
HDFCAMC 2603.5 2650
HDFCBANK 996.8 1000
HDFCLIFE 771.3 770
HEROMOTOCO 5960.5 6000
HFCL 66.33 68
HINDALCO 848 820
HINDPETRO 467.35 460
HINDUNILVR 2292.2 2300
HINDZINC 565.15 540
HUDCO 215.4 220
ICICIBANK 1365 1380
ICICIGI 1932.7 1960
ICICIPRULI 647.2 630
IDEA 11.42 11
IDFCFIRSTB 84.03 81
IEX 142.91 145
IIFL 574.3 560
INDHOTEL 732.9 730
INDIANB 784.55 800
INDIGO 4965 5000
INDUSINDBK 850.35 850
INDUSTOWER 409.4 410
INFY 1605.8 1600
INOXWIND 125.36 130
IOC 167.22 165
IRCTC 672.7 680
IREDA 135.3 140
IRFC 113.34 115
ITC 402.8 405
JINDALSTEL 1030.1 1020
JIOFIN 299.95 300
JSWENERGY 486.15 490
JSWSTEEL 1118.2 1140
JUBLFOOD 578.85 590
KALYANKJIL 481.45 480
KAYNES 4273 4400
KEI 4166.3 4100
KFINTECH 1049.3 1060
KOTAKBANK 2176.5 2160
KPITTECH 1216.1 1220
LAURUSLABS 1005.8 1000
LICHSGFIN 531 550
LICI 858.45 880
LODHA 1097.7 1100
LT 4080.6 4040
LTF 305.45 305
LTIM 6289 6200
LUPIN 2094.7 2080
M&M 3626 3700
MANAPPURAM 285.85 282.5
MANKIND 2150.5 2200
MARICO 736.95 730
MARUTI 16426 16300
MAXHEALTH 1079 1100
MAZDOCK 2450.9 2600
MCX 10209 10100
MFSL 1690 1700
MOTHERSON 120.51 116
MPHASIS 2893.7 2900
MUTHOOTFIN 3849.1 3800
NATIONALUM 279.45 270
NAUKRI 1358.9 1360
NBCC 115.63 113
NCC 161.48 167.5
NESTLEIND 1239 1230
NHPC 77.1 77
NMDC 77.88 76
NTPC 324.5 325
NUVAMA 7285 7200
NYKAA 250.9 255
OBEROIRLTY 1650.3 1640
OFSS 7963.5 8000
OIL 403.25 410
ONGC 233.86 240
PAGEIND 36780 37000
PATANJALI 531.1 540
PAYTM 1301.5 1300
PERSISTENT 6314.5 6300
PETRONET 269.05 275
PFC 340.05 360
PGEL 569.5 560
PHOENIXLTD 1787 1760
PIDILITIND 1480.8 1480
PIIND 3259.9 3350
PNB 118.53 120
PNBHOUSING 914.35 910
POLICYBZR 1906.8 1900
POLYCAB 7332 7300
POWERGRID 262.4 270
POWERINDIA 19430 19500
PPLPHARMA 171.92 177.5
PRESTIGE 1636.3 1660
RBLBANK 304.95 310
RECLTD 341.85 355
RELIANCE 1554.9 1540
RVNL 313.1 315
SAIL 131.8 132
SAMMAANCAP 149.26 155
SBICARD 869.9 880
SBILIFE 2029.5 2020
SBIN 967.25 965
SHREECEM 26375 26500
SHRIRAMFIN 863.9 840
SIEMENS 3149.2 3200
SOLARINDS 12190 12750
SONACOMS 486.9 495
SRF 2997.7 2950
SUNPHARMA 1797.7 1800
SUPREMEIND 3267.1 3400
SUZLON 53.2 54
SYNGENE 657.45 650
TATACONSUM 1164 1170
TATAELXSI 5058 5000
TATAMOTORS 0 320
TATAPOWER 381 390
TATASTEEL 172.95 170
TATATECH 657.2 670
TCS 3221.6 3200
TECHM 1585 1560
TIINDIA 2636.1 2700
TITAGARH 796.7 800
TITAN 3863.5 3840
TMPV 346.8 360
TORNTPHARM 3792.1 3750
TORNTPOWER 1287.4 1300
TRENT 4085.6 4200
TVSMOTOR 3631.9 3600
ULTRACEMCO 11683 11700
UNIONBANK 152.8 152.5
UNITDSPR 1443.4 1440
UNOMINDA 1238.3 1280
UPL 763.6 750
VBL 475.5 475
VEDL 548.9 530
VOLTAS 1382.8 1360
WIPRO 260.73 255
YESBANK 21.8 22
ZYDUSLIFE 921.9 930

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.