GOLDM
Gold Mini
Max pain for GOLDM
21 Nov 2024 08:20 PM IST
Max Pain for GOLDM is 76000
Strike 70000 has a total call value of 0 versus a total put value of 691,350,000,000 Combined total value = 691,350,000,000
Strike 70100 has a total call value of 0 versus a total put value of 677,954,000,000 Combined total value = 677,954,000,000
Strike 70200 has a total call value of 0 versus a total put value of 664,558,000,000 Combined total value = 664,558,000,000
Strike 70300 has a total call value of 0 versus a total put value of 651,162,000,000 Combined total value = 651,162,000,000
Strike 70400 has a total call value of 0 versus a total put value of 637,766,000,000 Combined total value = 637,766,000,000
Strike 70500 has a total call value of 0 versus a total put value of 624,370,000,000 Combined total value = 624,370,000,000
Strike 70600 has a total call value of 0 versus a total put value of 610,974,000,000 Combined total value = 610,974,000,000
Strike 70700 has a total call value of 0 versus a total put value of 597,578,000,000 Combined total value = 597,578,000,000
Strike 70800 has a total call value of 0 versus a total put value of 584,182,000,000 Combined total value = 584,182,000,000
Strike 70900 has a total call value of 0 versus a total put value of 570,788,000,000 Combined total value = 570,788,000,000
Strike 71000 has a total call value of 0 versus a total put value of 557,394,000,000 Combined total value = 557,394,000,000
Strike 71100 has a total call value of 0 versus a total put value of 544,142,000,000 Combined total value = 544,142,000,000
Strike 71200 has a total call value of 0 versus a total put value of 530,890,000,000 Combined total value = 530,890,000,000
Strike 71300 has a total call value of 0 versus a total put value of 517,638,000,000 Combined total value = 517,638,000,000
Strike 71400 has a total call value of 0 versus a total put value of 504,386,000,000 Combined total value = 504,386,000,000
Strike 71500 has a total call value of 0 versus a total put value of 491,134,000,000 Combined total value = 491,134,000,000
Strike 71600 has a total call value of 0 versus a total put value of 477,882,000,000 Combined total value = 477,882,000,000
Strike 71700 has a total call value of 0 versus a total put value of 464,630,000,000 Combined total value = 464,630,000,000
Strike 71800 has a total call value of 0 versus a total put value of 451,378,000,000 Combined total value = 451,378,000,000
Strike 71900 has a total call value of 0 versus a total put value of 438,126,000,000 Combined total value = 438,126,000,000
Strike 72000 has a total call value of 0 versus a total put value of 424,874,000,000 Combined total value = 424,874,000,000
Strike 72100 has a total call value of 0 versus a total put value of 412,153,000,000 Combined total value = 412,153,000,000
Strike 72200 has a total call value of 1,000,000 versus a total put value of 399,432,000,000 Combined total value = 399,433,000,000
Strike 72300 has a total call value of 2,000,000 versus a total put value of 386,711,000,000 Combined total value = 386,713,000,000
Strike 72400 has a total call value of 3,000,000 versus a total put value of 373,990,000,000 Combined total value = 373,993,000,000
Strike 72500 has a total call value of 4,000,000 versus a total put value of 361,269,000,000 Combined total value = 361,273,000,000
Strike 72600 has a total call value of 5,000,000 versus a total put value of 348,550,000,000 Combined total value = 348,555,000,000
Strike 72700 has a total call value of 6,000,000 versus a total put value of 335,831,000,000 Combined total value = 335,837,000,000
Strike 72800 has a total call value of 7,000,000 versus a total put value of 323,112,000,000 Combined total value = 323,119,000,000
Strike 72900 has a total call value of 8,000,000 versus a total put value of 310,393,000,000 Combined total value = 310,401,000,000
Strike 73000 has a total call value of 9,000,000 versus a total put value of 297,674,000,000 Combined total value = 297,683,000,000
Strike 73100 has a total call value of 79,000,000 versus a total put value of 285,951,000,000 Combined total value = 286,030,000,000
Strike 73200 has a total call value of 149,000,000 versus a total put value of 274,228,000,000 Combined total value = 274,377,000,000
Strike 73300 has a total call value of 219,000,000 versus a total put value of 262,505,000,000 Combined total value = 262,724,000,000
Strike 73400 has a total call value of 289,000,000 versus a total put value of 250,782,000,000 Combined total value = 251,071,000,000
Strike 73500 has a total call value of 359,000,000 versus a total put value of 239,059,000,000 Combined total value = 239,418,000,000
Strike 73600 has a total call value of 431,000,000 versus a total put value of 227,501,000,000 Combined total value = 227,932,000,000
Strike 73700 has a total call value of 503,000,000 versus a total put value of 215,944,000,000 Combined total value = 216,447,000,000
Strike 73800 has a total call value of 576,000,000 versus a total put value of 204,387,000,000 Combined total value = 204,963,000,000
Strike 73900 has a total call value of 650,000,000 versus a total put value of 192,830,000,000 Combined total value = 193,480,000,000
Strike 74000 has a total call value of 724,000,000 versus a total put value of 181,273,000,000 Combined total value = 181,997,000,000
Strike 74100 has a total call value of 1,013,000,000 versus a total put value of 172,189,000,000 Combined total value = 173,202,000,000
Strike 74200 has a total call value of 1,306,000,000 versus a total put value of 163,113,000,000 Combined total value = 164,419,000,000
Strike 74300 has a total call value of 1,602,000,000 versus a total put value of 154,051,000,000 Combined total value = 155,653,000,000
Strike 74400 has a total call value of 1,901,000,000 versus a total put value of 144,994,000,000 Combined total value = 146,895,000,000
Strike 74500 has a total call value of 2,200,000,000 versus a total put value of 135,938,000,000 Combined total value = 138,138,000,000
Strike 74600 has a total call value of 2,593,000,000 versus a total put value of 127,390,000,000 Combined total value = 129,983,000,000
Strike 74700 has a total call value of 2,987,000,000 versus a total put value of 118,843,000,000 Combined total value = 121,830,000,000
Strike 74800 has a total call value of 3,383,000,000 versus a total put value of 110,304,000,000 Combined total value = 113,687,000,000
Strike 74900 has a total call value of 3,783,000,000 versus a total put value of 101,765,000,000 Combined total value = 105,548,000,000
Strike 75000 has a total call value of 4,184,000,000 versus a total put value of 93,226,000,000 Combined total value = 97,410,000,000
Strike 75100 has a total call value of 5,466,000,000 versus a total put value of 87,134,000,000 Combined total value = 92,600,000,000
Strike 75200 has a total call value of 6,752,000,000 versus a total put value of 81,043,000,000 Combined total value = 87,795,000,000
Strike 75300 has a total call value of 8,059,000,000 versus a total put value of 74,953,000,000 Combined total value = 83,012,000,000
Strike 75400 has a total call value of 9,368,000,000 versus a total put value of 68,866,000,000 Combined total value = 78,234,000,000
Strike 75500 has a total call value of 10,679,000,000 versus a total put value of 62,780,000,000 Combined total value = 73,459,000,000
Strike 75600 has a total call value of 12,228,000,000 versus a total put value of 58,247,000,000 Combined total value = 70,475,000,000
Strike 75700 has a total call value of 13,778,000,000 versus a total put value of 53,715,000,000 Combined total value = 67,493,000,000
Strike 75800 has a total call value of 15,330,000,000 versus a total put value of 49,183,000,000 Combined total value = 64,513,000,000
Strike 75900 has a total call value of 16,883,000,000 versus a total put value of 44,653,000,000 Combined total value = 61,536,000,000
Strike 76000 has a total call value of 18,438,000,000 versus a total put value of 40,123,000,000 Combined total value = 58,561,000,000
Strike 76100 has a total call value of 21,514,000,000 versus a total put value of 37,569,000,000 Combined total value = 59,083,000,000
Strike 76200 has a total call value of 24,593,000,000 versus a total put value of 35,016,000,000 Combined total value = 59,609,000,000
Strike 76300 has a total call value of 27,673,000,000 versus a total put value of 32,463,000,000 Combined total value = 60,136,000,000
Strike 76400 has a total call value of 30,753,000,000 versus a total put value of 29,910,000,000 Combined total value = 60,663,000,000
Strike 76500 has a total call value of 33,840,000,000 versus a total put value of 27,362,000,000 Combined total value = 61,202,000,000
Strike 76600 has a total call value of 38,434,000,000 versus a total put value of 25,596,000,000 Combined total value = 64,030,000,000
Strike 76700 has a total call value of 43,035,000,000 versus a total put value of 23,830,000,000 Combined total value = 66,865,000,000
Strike 76800 has a total call value of 47,645,000,000 versus a total put value of 22,065,000,000 Combined total value = 69,710,000,000
Strike 76900 has a total call value of 52,256,000,000 versus a total put value of 20,300,000,000 Combined total value = 72,556,000,000
Strike 77000 has a total call value of 56,871,000,000 versus a total put value of 18,535,000,000 Combined total value = 75,406,000,000
Strike 77100 has a total call value of 66,681,000,000 versus a total put value of 17,285,000,000 Combined total value = 83,966,000,000
Strike 77200 has a total call value of 76,495,000,000 versus a total put value of 16,036,000,000 Combined total value = 92,531,000,000
Strike 77300 has a total call value of 86,312,000,000 versus a total put value of 14,788,000,000 Combined total value = 101,100,000,000
Strike 77400 has a total call value of 96,133,000,000 versus a total put value of 13,540,000,000 Combined total value = 109,673,000,000
Strike 77500 has a total call value of 105,954,000,000 versus a total put value of 12,294,000,000 Combined total value = 118,248,000,000
Strike 77600 has a total call value of 116,267,000,000 versus a total put value of 11,123,000,000 Combined total value = 127,390,000,000
Strike 77700 has a total call value of 126,581,000,000 versus a total put value of 9,953,000,000 Combined total value = 136,534,000,000
Strike 77800 has a total call value of 136,897,000,000 versus a total put value of 8,784,000,000 Combined total value = 145,681,000,000
Strike 77900 has a total call value of 147,214,000,000 versus a total put value of 7,618,000,000 Combined total value = 154,832,000,000
Strike 78000 has a total call value of 157,532,000,000 versus a total put value of 6,455,000,000 Combined total value = 163,987,000,000
Strike 78100 has a total call value of 170,520,000,000 versus a total put value of 5,888,000,000 Combined total value = 176,408,000,000
Strike 78200 has a total call value of 183,509,000,000 versus a total put value of 5,321,000,000 Combined total value = 188,830,000,000
Strike 78300 has a total call value of 196,501,000,000 versus a total put value of 4,755,000,000 Combined total value = 201,256,000,000
Strike 78400 has a total call value of 209,498,000,000 versus a total put value of 4,189,000,000 Combined total value = 213,687,000,000
Strike 78500 has a total call value of 222,498,000,000 versus a total put value of 3,623,000,000 Combined total value = 226,121,000,000
Strike 78600 has a total call value of 236,051,000,000 versus a total put value of 3,078,000,000 Combined total value = 239,129,000,000
Strike 78700 has a total call value of 249,605,000,000 versus a total put value of 2,534,000,000 Combined total value = 252,139,000,000
Strike 78800 has a total call value of 263,160,000,000 versus a total put value of 1,990,000,000 Combined total value = 265,150,000,000
Strike 78900 has a total call value of 276,717,000,000 versus a total put value of 1,449,000,000 Combined total value = 278,166,000,000
Strike 79000 has a total call value of 290,276,000,000 versus a total put value of 908,000,000 Combined total value = 291,184,000,000
Strike 79100 has a total call value of 307,253,000,000 versus a total put value of 814,000,000 Combined total value = 308,067,000,000
Strike 79200 has a total call value of 324,234,000,000 versus a total put value of 721,000,000 Combined total value = 324,955,000,000
Strike 79300 has a total call value of 341,215,000,000 versus a total put value of 628,000,000 Combined total value = 341,843,000,000
Strike 79400 has a total call value of 358,196,000,000 versus a total put value of 535,000,000 Combined total value = 358,731,000,000
Strike 79500 has a total call value of 375,179,000,000 versus a total put value of 442,000,000 Combined total value = 375,621,000,000
Strike 79600 has a total call value of 392,901,000,000 versus a total put value of 357,000,000 Combined total value = 393,258,000,000
Strike 79700 has a total call value of 410,624,000,000 versus a total put value of 272,000,000 Combined total value = 410,896,000,000
Strike 79800 has a total call value of 428,347,000,000 versus a total put value of 188,000,000 Combined total value = 428,535,000,000
Strike 79900 has a total call value of 446,070,000,000 versus a total put value of 104,000,000 Combined total value = 446,174,000,000
Strike 80000 has a total call value of 463,793,000,000 versus a total put value of 20,000,000 Combined total value = 463,813,000,000
Strike 80100 has a total call value of 483,864,000,000 versus a total put value of 18,000,000 Combined total value = 483,882,000,000
Strike 80200 has a total call value of 503,935,000,000 versus a total put value of 16,000,000 Combined total value = 503,951,000,000
Strike 80300 has a total call value of 524,006,000,000 versus a total put value of 14,000,000 Combined total value = 524,020,000,000
Strike 80400 has a total call value of 544,077,000,000 versus a total put value of 12,000,000 Combined total value = 544,089,000,000
Strike 80500 has a total call value of 564,148,000,000 versus a total put value of 10,000,000 Combined total value = 564,158,000,000
Strike 80600 has a total call value of 584,410,000,000 versus a total put value of 8,000,000 Combined total value = 584,418,000,000
Strike 80700 has a total call value of 604,672,000,000 versus a total put value of 6,000,000 Combined total value = 604,678,000,000
Strike 80800 has a total call value of 624,934,000,000 versus a total put value of 4,000,000 Combined total value = 624,938,000,000
Strike 80900 has a total call value of 645,196,000,000 versus a total put value of 2,000,000 Combined total value = 645,198,000,000
Strike 81000 has a total call value of 665,458,000,000 versus a total put value of 0 Combined total value = 665,458,000,000
Strike 81100 has a total call value of 687,524,000,000 versus a total put value of 0 Combined total value = 687,524,000,000
Strike 81200 has a total call value of 709,590,000,000 versus a total put value of 0 Combined total value = 709,590,000,000
Strike 81300 has a total call value of 731,656,000,000 versus a total put value of 0 Combined total value = 731,656,000,000
Strike 81400 has a total call value of 753,722,000,000 versus a total put value of 0 Combined total value = 753,722,000,000
Strike 81500 has a total call value of 775,788,000,000 versus a total put value of 0 Combined total value = 775,788,000,000
Strike 81600 has a total call value of 798,018,000,000 versus a total put value of 0 Combined total value = 798,018,000,000
Strike 81700 has a total call value of 820,248,000,000 versus a total put value of 0 Combined total value = 820,248,000,000
Strike 81800 has a total call value of 842,478,000,000 versus a total put value of 0 Combined total value = 842,478,000,000
Strike 81900 has a total call value of 864,708,000,000 versus a total put value of 0 Combined total value = 864,708,000,000
Strike 82000 has a total call value of 886,938,000,000 versus a total put value of 0 Combined total value = 886,938,000,000
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.
