GOLDM
Gold Mini
Max pain for GOLDM
19 Mar 2025 11:29 PM IST
Max Pain for GOLDM is 88000
Strike 80000 has a total call value of 0 versus a total put value of 1,322,616,000,000 Combined total value = 1,322,616,000,000
Strike 80100 has a total call value of 0 versus a total put value of 1,298,534,000,000 Combined total value = 1,298,534,000,000
Strike 80200 has a total call value of 0 versus a total put value of 1,274,452,000,000 Combined total value = 1,274,452,000,000
Strike 80300 has a total call value of 0 versus a total put value of 1,250,370,000,000 Combined total value = 1,250,370,000,000
Strike 80400 has a total call value of 0 versus a total put value of 1,226,288,000,000 Combined total value = 1,226,288,000,000
Strike 80500 has a total call value of 0 versus a total put value of 1,202,206,000,000 Combined total value = 1,202,206,000,000
Strike 80600 has a total call value of 0 versus a total put value of 1,178,124,000,000 Combined total value = 1,178,124,000,000
Strike 80700 has a total call value of 0 versus a total put value of 1,154,042,000,000 Combined total value = 1,154,042,000,000
Strike 80800 has a total call value of 0 versus a total put value of 1,129,960,000,000 Combined total value = 1,129,960,000,000
Strike 80900 has a total call value of 0 versus a total put value of 1,105,878,000,000 Combined total value = 1,105,878,000,000
Strike 81000 has a total call value of 0 versus a total put value of 1,081,796,000,000 Combined total value = 1,081,796,000,000
Strike 81100 has a total call value of 0 versus a total put value of 1,058,764,000,000 Combined total value = 1,058,764,000,000
Strike 81200 has a total call value of 0 versus a total put value of 1,035,732,000,000 Combined total value = 1,035,732,000,000
Strike 81300 has a total call value of 0 versus a total put value of 1,012,700,000,000 Combined total value = 1,012,700,000,000
Strike 81400 has a total call value of 0 versus a total put value of 989,668,000,000 Combined total value = 989,668,000,000
Strike 81500 has a total call value of 0 versus a total put value of 966,636,000,000 Combined total value = 966,636,000,000
Strike 81600 has a total call value of 0 versus a total put value of 943,604,000,000 Combined total value = 943,604,000,000
Strike 81700 has a total call value of 0 versus a total put value of 920,572,000,000 Combined total value = 920,572,000,000
Strike 81800 has a total call value of 0 versus a total put value of 897,540,000,000 Combined total value = 897,540,000,000
Strike 81900 has a total call value of 0 versus a total put value of 874,508,000,000 Combined total value = 874,508,000,000
Strike 82000 has a total call value of 0 versus a total put value of 851,476,000,000 Combined total value = 851,476,000,000
Strike 82100 has a total call value of 0 versus a total put value of 830,468,000,000 Combined total value = 830,468,000,000
Strike 82200 has a total call value of 0 versus a total put value of 809,460,000,000 Combined total value = 809,460,000,000
Strike 82300 has a total call value of 0 versus a total put value of 788,452,000,000 Combined total value = 788,452,000,000
Strike 82400 has a total call value of 0 versus a total put value of 767,444,000,000 Combined total value = 767,444,000,000
Strike 82500 has a total call value of 0 versus a total put value of 746,436,000,000 Combined total value = 746,436,000,000
Strike 82600 has a total call value of 0 versus a total put value of 725,428,000,000 Combined total value = 725,428,000,000
Strike 82700 has a total call value of 0 versus a total put value of 704,420,000,000 Combined total value = 704,420,000,000
Strike 82800 has a total call value of 0 versus a total put value of 683,412,000,000 Combined total value = 683,412,000,000
Strike 82900 has a total call value of 0 versus a total put value of 662,404,000,000 Combined total value = 662,404,000,000
Strike 83000 has a total call value of 0 versus a total put value of 641,396,000,000 Combined total value = 641,396,000,000
Strike 83100 has a total call value of 38,000,000 versus a total put value of 621,987,000,000 Combined total value = 622,025,000,000
Strike 83200 has a total call value of 76,000,000 versus a total put value of 602,578,000,000 Combined total value = 602,654,000,000
Strike 83300 has a total call value of 114,000,000 versus a total put value of 583,169,000,000 Combined total value = 583,283,000,000
Strike 83400 has a total call value of 152,000,000 versus a total put value of 563,760,000,000 Combined total value = 563,912,000,000
Strike 83500 has a total call value of 190,000,000 versus a total put value of 544,351,000,000 Combined total value = 544,541,000,000
Strike 83600 has a total call value of 228,000,000 versus a total put value of 525,025,000,000 Combined total value = 525,253,000,000
Strike 83700 has a total call value of 266,000,000 versus a total put value of 505,699,000,000 Combined total value = 505,965,000,000
Strike 83800 has a total call value of 304,000,000 versus a total put value of 486,373,000,000 Combined total value = 486,677,000,000
Strike 83900 has a total call value of 342,000,000 versus a total put value of 467,047,000,000 Combined total value = 467,389,000,000
Strike 84000 has a total call value of 380,000,000 versus a total put value of 447,721,000,000 Combined total value = 448,101,000,000
Strike 84100 has a total call value of 675,000,000 versus a total put value of 430,118,000,000 Combined total value = 430,793,000,000
Strike 84200 has a total call value of 970,000,000 versus a total put value of 412,515,000,000 Combined total value = 413,485,000,000
Strike 84300 has a total call value of 1,265,000,000 versus a total put value of 394,912,000,000 Combined total value = 396,177,000,000
Strike 84400 has a total call value of 1,560,000,000 versus a total put value of 377,309,000,000 Combined total value = 378,869,000,000
Strike 84500 has a total call value of 1,855,000,000 versus a total put value of 359,706,000,000 Combined total value = 361,561,000,000
Strike 84600 has a total call value of 2,158,000,000 versus a total put value of 342,387,000,000 Combined total value = 344,545,000,000
Strike 84700 has a total call value of 2,461,000,000 versus a total put value of 325,068,000,000 Combined total value = 327,529,000,000
Strike 84800 has a total call value of 2,764,000,000 versus a total put value of 307,749,000,000 Combined total value = 310,513,000,000
Strike 84900 has a total call value of 3,067,000,000 versus a total put value of 290,430,000,000 Combined total value = 293,497,000,000
Strike 85000 has a total call value of 3,370,000,000 versus a total put value of 273,111,000,000 Combined total value = 276,481,000,000
Strike 85100 has a total call value of 4,134,000,000 versus a total put value of 260,387,000,000 Combined total value = 264,521,000,000
Strike 85200 has a total call value of 4,898,000,000 versus a total put value of 247,663,000,000 Combined total value = 252,561,000,000
Strike 85300 has a total call value of 5,662,000,000 versus a total put value of 234,939,000,000 Combined total value = 240,601,000,000
Strike 85400 has a total call value of 6,426,000,000 versus a total put value of 222,215,000,000 Combined total value = 228,641,000,000
Strike 85500 has a total call value of 7,190,000,000 versus a total put value of 209,491,000,000 Combined total value = 216,681,000,000
Strike 85600 has a total call value of 8,020,000,000 versus a total put value of 197,308,000,000 Combined total value = 205,328,000,000
Strike 85700 has a total call value of 8,850,000,000 versus a total put value of 185,125,000,000 Combined total value = 193,975,000,000
Strike 85800 has a total call value of 9,680,000,000 versus a total put value of 172,942,000,000 Combined total value = 182,622,000,000
Strike 85900 has a total call value of 10,510,000,000 versus a total put value of 160,759,000,000 Combined total value = 171,269,000,000
Strike 86000 has a total call value of 11,340,000,000 versus a total put value of 148,576,000,000 Combined total value = 159,916,000,000
Strike 86100 has a total call value of 13,269,000,000 versus a total put value of 139,849,000,000 Combined total value = 153,118,000,000
Strike 86200 has a total call value of 15,198,000,000 versus a total put value of 131,122,000,000 Combined total value = 146,320,000,000
Strike 86300 has a total call value of 17,127,000,000 versus a total put value of 122,395,000,000 Combined total value = 139,522,000,000
Strike 86400 has a total call value of 19,056,000,000 versus a total put value of 113,668,000,000 Combined total value = 132,724,000,000
Strike 86500 has a total call value of 20,985,000,000 versus a total put value of 104,941,000,000 Combined total value = 125,926,000,000
Strike 86600 has a total call value of 23,094,000,000 versus a total put value of 96,710,000,000 Combined total value = 119,804,000,000
Strike 86700 has a total call value of 25,203,000,000 versus a total put value of 88,479,000,000 Combined total value = 113,682,000,000
Strike 86800 has a total call value of 27,312,000,000 versus a total put value of 80,248,000,000 Combined total value = 107,560,000,000
Strike 86900 has a total call value of 29,421,000,000 versus a total put value of 72,017,000,000 Combined total value = 101,438,000,000
Strike 87000 has a total call value of 31,530,000,000 versus a total put value of 63,786,000,000 Combined total value = 95,316,000,000
Strike 87100 has a total call value of 34,749,000,000 versus a total put value of 58,269,000,000 Combined total value = 93,018,000,000
Strike 87200 has a total call value of 37,968,000,000 versus a total put value of 52,752,000,000 Combined total value = 90,720,000,000
Strike 87300 has a total call value of 41,187,000,000 versus a total put value of 47,235,000,000 Combined total value = 88,422,000,000
Strike 87400 has a total call value of 44,406,000,000 versus a total put value of 41,718,000,000 Combined total value = 86,124,000,000
Strike 87500 has a total call value of 47,625,000,000 versus a total put value of 36,201,000,000 Combined total value = 83,826,000,000
Strike 87600 has a total call value of 51,075,000,000 versus a total put value of 31,352,000,000 Combined total value = 82,427,000,000
Strike 87700 has a total call value of 54,525,000,000 versus a total put value of 26,504,000,000 Combined total value = 81,029,000,000
Strike 87800 has a total call value of 57,975,000,000 versus a total put value of 21,656,000,000 Combined total value = 79,631,000,000
Strike 87900 has a total call value of 61,425,000,000 versus a total put value of 16,815,000,000 Combined total value = 78,240,000,000
Strike 88000 has a total call value of 64,875,000,000 versus a total put value of 11,974,000,000 Combined total value = 76,849,000,000
Strike 88100 has a total call value of 70,033,000,000 versus a total put value of 10,563,000,000 Combined total value = 80,596,000,000
Strike 88200 has a total call value of 75,191,000,000 versus a total put value of 9,152,000,000 Combined total value = 84,343,000,000
Strike 88300 has a total call value of 80,350,000,000 versus a total put value of 7,741,000,000 Combined total value = 88,091,000,000
Strike 88400 has a total call value of 85,509,000,000 versus a total put value of 6,330,000,000 Combined total value = 91,839,000,000
Strike 88500 has a total call value of 90,668,000,000 versus a total put value of 4,920,000,000 Combined total value = 95,588,000,000
Strike 88600 has a total call value of 96,449,000,000 versus a total put value of 4,134,000,000 Combined total value = 100,583,000,000
Strike 88700 has a total call value of 102,234,000,000 versus a total put value of 3,353,000,000 Combined total value = 105,587,000,000
Strike 88800 has a total call value of 108,019,000,000 versus a total put value of 2,574,000,000 Combined total value = 110,593,000,000
Strike 88900 has a total call value of 113,808,000,000 versus a total put value of 1,796,000,000 Combined total value = 115,604,000,000
Strike 89000 has a total call value of 119,597,000,000 versus a total put value of 1,018,000,000 Combined total value = 120,615,000,000
Strike 89100 has a total call value of 128,550,000,000 versus a total put value of 915,000,000 Combined total value = 129,465,000,000
Strike 89200 has a total call value of 137,503,000,000 versus a total put value of 812,000,000 Combined total value = 138,315,000,000
Strike 89300 has a total call value of 146,456,000,000 versus a total put value of 709,000,000 Combined total value = 147,165,000,000
Strike 89400 has a total call value of 155,409,000,000 versus a total put value of 606,000,000 Combined total value = 156,015,000,000
Strike 89500 has a total call value of 164,362,000,000 versus a total put value of 505,000,000 Combined total value = 164,867,000,000
Strike 89600 has a total call value of 173,663,000,000 versus a total put value of 404,000,000 Combined total value = 174,067,000,000
Strike 89700 has a total call value of 182,964,000,000 versus a total put value of 303,000,000 Combined total value = 183,267,000,000
Strike 89800 has a total call value of 192,265,000,000 versus a total put value of 202,000,000 Combined total value = 192,467,000,000
Strike 89900 has a total call value of 201,566,000,000 versus a total put value of 101,000,000 Combined total value = 201,667,000,000
Strike 90000 has a total call value of 210,867,000,000 versus a total put value of 0 Combined total value = 210,867,000,000
Strike 90100 has a total call value of 221,891,000,000 versus a total put value of 0 Combined total value = 221,891,000,000
Strike 90200 has a total call value of 232,915,000,000 versus a total put value of 0 Combined total value = 232,915,000,000
Strike 90300 has a total call value of 243,939,000,000 versus a total put value of 0 Combined total value = 243,939,000,000
Strike 90400 has a total call value of 254,963,000,000 versus a total put value of 0 Combined total value = 254,963,000,000
Strike 90500 has a total call value of 265,987,000,000 versus a total put value of 0 Combined total value = 265,987,000,000
Strike 90600 has a total call value of 277,023,000,000 versus a total put value of 0 Combined total value = 277,023,000,000
Strike 90700 has a total call value of 288,059,000,000 versus a total put value of 0 Combined total value = 288,059,000,000
Strike 90800 has a total call value of 299,095,000,000 versus a total put value of 0 Combined total value = 299,095,000,000
Strike 90900 has a total call value of 310,131,000,000 versus a total put value of 0 Combined total value = 310,131,000,000
Strike 91000 has a total call value of 321,167,000,000 versus a total put value of 0 Combined total value = 321,167,000,000
Strike 91100 has a total call value of 333,528,000,000 versus a total put value of 0 Combined total value = 333,528,000,000
Strike 91200 has a total call value of 345,889,000,000 versus a total put value of 0 Combined total value = 345,889,000,000
Strike 91300 has a total call value of 358,250,000,000 versus a total put value of 0 Combined total value = 358,250,000,000
Strike 91400 has a total call value of 370,611,000,000 versus a total put value of 0 Combined total value = 370,611,000,000
Strike 91500 has a total call value of 382,972,000,000 versus a total put value of 0 Combined total value = 382,972,000,000
Strike 91600 has a total call value of 395,333,000,000 versus a total put value of 0 Combined total value = 395,333,000,000
Strike 91700 has a total call value of 407,694,000,000 versus a total put value of 0 Combined total value = 407,694,000,000
Strike 91800 has a total call value of 420,055,000,000 versus a total put value of 0 Combined total value = 420,055,000,000
Strike 91900 has a total call value of 432,416,000,000 versus a total put value of 0 Combined total value = 432,416,000,000
Strike 92000 has a total call value of 444,777,000,000 versus a total put value of 0 Combined total value = 444,777,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 399.35 | 400 |
| ABB | 5475.6 | 5300 |
| ABCAPITAL | 170.79 | 167.5 |
| ABFRL | 251.25 | 250 |
| ACC | 1900 | 1880 |
| ADANIENSOL | 813.9 | 760 |
| ADANIENT | 2318.65 | 2400 |
| ADANIGREEN | 911.2 | 860 |
| ADANIPORTS | 1173.5 | 1140 |
| ALKEM | 4851.8 | 4700 |
| AMBUJACEM | 507.05 | 505 |
| ANGELONE | 2215.35 | 2100 |
| APLAPOLLO | 1492.8 | 1440 |
| APOLLOHOSP | 6427.55 | 6300 |
| APOLLOTYRE | 425.05 | 420 |
| ASHOKLEY | 205.69 | 207.5 |
| ASIANPAINT | 2280.7 | 2260 |
| ASTRAL | 1261 | 1280 |
| ATGL | 622.6 | 600 |
| AUBANK | 525.8 | 515 |
| AUROPHARMA | 1163.8 | 1140 |
| AXISBANK | 1052.05 | 1040 |
| BAJAJ-AUTO | 7721.85 | 7700 |
| BAJAJFINSV | 1842.25 | 1840 |
| BAJFINANCE | 8731.6 | 8600 |
| BALKRISIND | 2619.7 | 2560 |
| BANDHANBNK | 141.27 | 145 |
| BANKBARODA | 213.76 | 212.5 |
| BANKINDIA | 103.21 | 100 |
| BEL | 290 | 280 |
| BERGEPAINT | 501.4 | 500 |
| BHARATFORG | 1136 | 1060 |
| BHARTIARTL | 1637.15 | 1640 |
| BHEL | 205.69 | 200 |
| BIOCON | 341.9 | 330 |
| BOSCHLTD | 27557.3 | 27000 |
| BPCL | 265.26 | 260 |
| BRITANNIA | 4707.1 | 4750 |
| BSE | 4392.45 | 4400 |
| BSOFT | 395.1 | 400 |
| CAMS | 3815.95 | 3600 |
| CANBK | 85.57 | 85 |
| CDSL | 1173.25 | 1120 |
| CESC | 147.62 | 140 |
| CGPOWER | 663.3 | 620 |
| CHAMBLFERT | 586.95 | 570 |
| CHOLAFIN | 1513.25 | 1440 |
| CIPLA | 1499.15 | 1480 |
| COALINDIA | 395.85 | 390 |
| COFORGE | 7550.45 | 7500 |
| COLPAL | 2413.85 | 2480 |
| CONCOR | 684.2 | 680 |
| CROMPTON | 360.45 | 350 |
| CUMMINSIND | 3002.2 | 2900 |
| CYIENT | 1253.75 | 1220 |
| DABUR | 495.45 | 500 |
| DALBHARAT | 1726.25 | 1700 |
| DEEPAKNTR | 2025.4 | 1950 |
| DELHIVERY | 260.96 | 255 |
| DIVISLAB | 5818.1 | 5700 |
| DIXON | 13875.6 | 13500 |
| DLF | 697.55 | 680 |
| DMART | 3845.2 | 3750 |
| DRREDDY | 1172.1 | 1140 |
| EICHERMOT | 5100.9 | 5000 |
| ESCORTS | 3188.85 | 3100 |
| EXIDEIND | 350.15 | 355 |
| FEDERALBNK | 186.19 | 182.5 |
| GAIL | 165.96 | 165 |
| GLENMARK | 1486.7 | 1420 |
| GMRAIRPORT | 76.68 | 74 |
| GODREJCP | 1074.3 | 1050 |
| GODREJPROP | 2104.6 | 2050 |
| GRANULES | 496.25 | 490 |
| GRASIM | 2458.2 | 2400 |
| HAL | 3740.65 | 3550 |
| HAVELLS | 1557.95 | 1500 |
| HCLTECH | 1544.45 | 1580 |
| HDFCAMC | 3975.75 | 3850 |
| HDFCBANK | 1744.1 | 1740 |
| HDFCLIFE | 664.55 | 630 |
| HEROMOTOCO | 3537 | 3600 |
| HFCL | 82.01 | 82.5 |
| HINDALCO | 698.55 | 670 |
| HINDCOPPER | 222.89 | 225 |
| HINDPETRO | 328 | 325 |
| HINDUNILVR | 2200.05 | 2240 |
| HUDCO | 201.08 | 190 |
| ICICIBANK | 1313.1 | 1280 |
| ICICIGI | 1756.5 | 1720 |
| ICICIPRULI | 563 | 560 |
| IDEA | 7.44 | 8 |
| IDFCFIRSTB | 55.42 | 57 |
| IEX | 167.96 | 165 |
| IGL | 193.29 | 190 |
| IIFL | 330.55 | 320 |
| INDHOTEL | 810.6 | 780 |
| INDIANB | 525.25 | 510 |
| INDIGO | 4980.55 | 4750 |
| INDUSINDBK | 692.7 | 750 |
| INDUSTOWER | 339.3 | 340 |
| INFY | 1586.55 | 1600 |
| IOC | 127.75 | 125 |
| IRB | 45.5 | 45 |
| IRCTC | 717.65 | 710 |
| IREDA | 151.87 | 142.5 |
| IRFC | 128.11 | 122.5 |
| ITC | 403.05 | 405 |
| JINDALSTEL | 925 | 900 |
| JIOFIN | 228.84 | 225 |
| JKCEMENT | 4639.65 | 4500 |
| JSL | 655.35 | 650 |
| JSWENERGY | 570.75 | 530 |
| JSWSTEEL | 1033.35 | 1010 |
| JUBLFOOD | 637.4 | 630 |
| KALYANKJIL | 453.55 | 440 |
| KEI | 3283.25 | 3200 |
| KOTAKBANK | 2021.55 | 2000 |
| KPITTECH | 1263.1 | 1260 |
| LAURUSLABS | 606.1 | 580 |
| LICHSGFIN | 549.8 | 530 |
| LICI | 776.75 | 770 |
| LODHA | 1177.45 | 1140 |
| LT | 3319.55 | 3300 |
| LTF | 146.3 | 145 |
| LTIM | 4365.45 | 4500 |
| LTTS | 4647.2 | 4600 |
| LUPIN | 2060.95 | 2000 |
| M&M | 2789.1 | 2750 |
| M&MFIN | 287.15 | 280 |
| MANAPPURAM | 213.92 | 200 |
| MARICO | 619.1 | 610 |
| MARUTI | 11615.55 | 11700 |
| MAXHEALTH | 1087.45 | 1060 |
| MCX | 5207.85 | 5100 |
| MFSL | 1102.2 | 1060 |
| MGL | 1332.5 | 1300 |
| MOTHERSON | 129.01 | 127.5 |
| MPHASIS | 2285.85 | 2300 |
| MRF | 109922.8 | 107000 |
| MUTHOOTFIN | 2416.45 | 2340 |
| NATIONALUM | 186.38 | 190 |
| NAUKRI | 6749.4 | 6700 |
| NBCC | 83.33 | 80 |
| NCC | 196.73 | 190 |
| NESTLEIND | 2184 | 2200 |
| NHPC | 80.2 | 78 |
| NMDC | 68.78 | 67 |
| NTPC | 341.3 | 335 |
| NYKAA | 164.84 | 165 |
| OBEROIRLTY | 1614.25 | 1560 |
| OFSS | 7674.85 | 7500 |
| OIL | 385.85 | 370 |
| ONGC | 232.57 | 230 |
| PAGEIND | 41252.45 | 40500 |
| PATANJALI | 1748 | 1720 |
| PAYTM | 763.1 | 720 |
| PEL | 962.35 | 940 |
| PERSISTENT | 5280.6 | 5300 |
| PETRONET | 297.5 | 290 |
| PFC | 403.9 | 400 |
| PHOENIXLTD | 1555.65 | 1600 |
| PIDILITIND | 2731.85 | 2740 |
| PIIND | 3404.95 | 3250 |
| PNB | 91.02 | 90 |
| POLICYBZR | 1555.75 | 1450 |
| POLYCAB | 5438.4 | 5100 |
| POONAWALLA | 323.6 | 300 |
| POWERGRID | 277.2 | 270 |
| PRESTIGE | 1200.75 | 1150 |
| RAMCOCEM | 855.95 | 830 |
| RBLBANK | 167.23 | 162.5 |
| RECLTD | 429.5 | 410 |
| RELIANCE | 1247.15 | 1240 |
| SAIL | 113.23 | 110 |
| SBICARD | 846.5 | 840 |
| SBILIFE | 1484.9 | 1440 |
| SBIN | 745.1 | 740 |
| SHREECEM | 28527.85 | 28000 |
| SHRIRAMFIN | 667.95 | 640 |
| SIEMENS | 5224.5 | 5000 |
| SJVN | 91.71 | 87.5 |
| SOLARINDS | 10310.8 | 10000 |
| SONACOMS | 507.95 | 500 |
| SRF | 3005.35 | 2900 |
| SUNPHARMA | 1732.35 | 1680 |
| SUPREMEIND | 3429.8 | 3500 |
| SYNGENE | 706.05 | 690 |
| TATACHEM | 833.1 | 840 |
| TATACOMM | 1561.1 | 1500 |
| TATACONSUM | 949.85 | 950 |
| TATAELXSI | 5366.3 | 5300 |
| TATAMOTORS | 682.25 | 670 |
| TATAPOWER | 371.45 | 370 |
| TATASTEEL | 158.6 | 151 |
| TATATECH | 671.3 | 650 |
| TCS | 3497.1 | 3550 |
| TECHM | 1396.15 | 1440 |
| TIINDIA | 2859.4 | 2800 |
| TITAGARH | 752.6 | 720 |
| TITAN | 3076.3 | 3100 |
| TORNTPHARM | 3191.3 | 3100 |
| TORNTPOWER | 1440.5 | 1340 |
| TRENT | 5230.85 | 5100 |
| TVSMOTOR | 2319.75 | 2300 |
| ULTRACEMCO | 10933.25 | 10500 |
| UNIONBANK | 119.68 | 117 |
| UNITDSPR | 1347.3 | 1300 |
| UPL | 646.3 | 630 |
| USDINR | 86.44 | 77.25 |
| VBL | 540.9 | 510 |
| VEDL | 460.55 | 440 |
| VOLTAS | 1495.2 | 1440 |
| WIPRO | 265.7 | 270 |
| YESBANK | 17.03 | 17 |
| ZOMATO | 223.53 | 220 |
| ZYDUSLIFE | 909.9 | 900 |
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.
