GRASIM
Grasim Industries Ltd
Max pain for GRASIM
14 Nov 2024 09:22 AM IST
Max Pain for GRASIM is 2500
Strike 2200 has a total call value of 0 versus a total put value of 33,561,500,000 Combined total value = 33,561,500,000
Strike 2220 has a total call value of 0 versus a total put value of 30,904,000,000 Combined total value = 30,904,000,000
Strike 2240 has a total call value of 0 versus a total put value of 28,246,500,000 Combined total value = 28,246,500,000
Strike 2260 has a total call value of 0 versus a total put value of 25,589,000,000 Combined total value = 25,589,000,000
Strike 2280 has a total call value of 0 versus a total put value of 22,931,500,000 Combined total value = 22,931,500,000
Strike 2300 has a total call value of 0 versus a total put value of 20,434,000,000 Combined total value = 20,434,000,000
Strike 2320 has a total call value of 0 versus a total put value of 18,045,000,000 Combined total value = 18,045,000,000
Strike 2340 has a total call value of 0 versus a total put value of 15,656,000,000 Combined total value = 15,656,000,000
Strike 2360 has a total call value of 0 versus a total put value of 13,278,500,000 Combined total value = 13,278,500,000
Strike 2380 has a total call value of 0 versus a total put value of 11,065,000,000 Combined total value = 11,065,000,000
Strike 2400 has a total call value of 0 versus a total put value of 8,908,000,000 Combined total value = 8,908,000,000
Strike 2420 has a total call value of 13,000,000 versus a total put value of 7,298,500,000 Combined total value = 7,311,500,000
Strike 2440 has a total call value of 26,000,000 versus a total put value of 5,767,500,000 Combined total value = 5,793,500,000
Strike 2460 has a total call value of 54,000,000 versus a total put value of 4,292,000,000 Combined total value = 4,346,000,000
Strike 2480 has a total call value of 90,500,000 versus a total put value of 3,001,000,000 Combined total value = 3,091,500,000
Strike 2500 has a total call value of 233,500,000 versus a total put value of 1,805,000,000 Combined total value = 2,038,500,000
Strike 2520 has a total call value of 897,500,000 versus a total put value of 1,291,000,000 Combined total value = 2,188,500,000
Strike 2540 has a total call value of 1,685,000,000 versus a total put value of 881,500,000 Combined total value = 2,566,500,000
Strike 2560 has a total call value of 2,632,500,000 versus a total put value of 530,500,000 Combined total value = 3,163,000,000
Strike 2580 has a total call value of 4,034,000,000 versus a total put value of 385,000,000 Combined total value = 4,419,000,000
Strike 2600 has a total call value of 5,595,500,000 versus a total put value of 239,500,000 Combined total value = 5,835,000,000
Strike 2620 has a total call value of 7,866,000,000 versus a total put value of 94,000,000 Combined total value = 7,960,000,000
Strike 2640 has a total call value of 10,303,000,000 versus a total put value of 0 Combined total value = 10,303,000,000
Strike 2660 has a total call value of 13,106,000,000 versus a total put value of 0 Combined total value = 13,106,000,000
Strike 2680 has a total call value of 16,358,500,000 versus a total put value of 0 Combined total value = 16,358,500,000
Strike 2700 has a total call value of 19,713,500,000 versus a total put value of 0 Combined total value = 19,713,500,000
Strike 2720 has a total call value of 23,988,000,000 versus a total put value of 0 Combined total value = 23,988,000,000
Strike 2740 has a total call value of 28,340,500,000 versus a total put value of 0 Combined total value = 28,340,500,000
Strike 2760 has a total call value of 32,790,000,000 versus a total put value of 0 Combined total value = 32,790,000,000
Strike 2780 has a total call value of 37,315,000,000 versus a total put value of 0 Combined total value = 37,315,000,000
Strike 2800 has a total call value of 41,840,000,000 versus a total put value of 0 Combined total value = 41,840,000,000
Strike 2820 has a total call value of 46,623,000,000 versus a total put value of 0 Combined total value = 46,623,000,000
Strike 2840 has a total call value of 51,406,000,000 versus a total put value of 0 Combined total value = 51,406,000,000
Strike 2860 has a total call value of 56,189,000,000 versus a total put value of 0 Combined total value = 56,189,000,000
Strike 2880 has a total call value of 60,972,000,000 versus a total put value of 0 Combined total value = 60,972,000,000
Strike 2900 has a total call value of 65,755,000,000 versus a total put value of 0 Combined total value = 65,755,000,000
Strike 2920 has a total call value of 70,717,500,000 versus a total put value of 0 Combined total value = 70,717,500,000
Strike 2940 has a total call value of 75,680,000,000 versus a total put value of 0 Combined total value = 75,680,000,000
Strike 2960 has a total call value of 80,642,500,000 versus a total put value of 0 Combined total value = 80,642,500,000
Strike 2980 has a total call value of 85,605,000,000 versus a total put value of 0 Combined total value = 85,605,000,000
Strike 3000 has a total call value of 90,567,500,000 versus a total put value of 0 Combined total value = 90,567,500,000
Strike 3020 has a total call value of 95,627,000,000 versus a total put value of 0 Combined total value = 95,627,000,000
Strike 3040 has a total call value of 100,686,500,000 versus a total put value of 0 Combined total value = 100,686,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 433.85 | 440 |
| ABB | 6762.7 | 7000 |
| ABBOTINDIA | 27889.7 | 28000 |
| ABCAPITAL | 189.25 | 200 |
| ABFRL | 293.6 | 270 |
| ACC | 2201.75 | 2280 |
| ADANIENT | 2838.8 | 2920 |
| ADANIPORTS | 1288.9 | 1340 |
| ALKEM | 5646.15 | 5500 |
| AMBUJACEM | 545.85 | 560 |
| APOLLOHOSP | 6877.65 | 7000 |
| APOLLOTYRE | 464.75 | 470 |
| ASHOKLEY | 216.1 | 220 |
| ASIANPAINT | 2493.95 | 2520 |
| ASTRAL | 1728.45 | 1760 |
| ATUL | 7275.8 | 7400 |
| AUBANK | 569.45 | 580 |
| AUROPHARMA | 1269 | 1300 |
| AXISBANK | 1134.5 | 1160 |
| BAJAJ-AUTO | 9504.95 | 9700 |
| BAJAJFINSV | 1665.3 | 1700 |
| BAJFINANCE | 6597 | 6800 |
| BALKRISIND | 2742.15 | 2750 |
| BANDHANBNK | 166.59 | 175 |
| BANKBARODA | 246.1 | 250 |
| BATAINDIA | 1323.55 | 1320 |
| BEL | 280.45 | 290 |
| BERGEPAINT | 490.1 | 490 |
| BHARATFORG | 1342.1 | 1380 |
| BHARTIARTL | 1549.95 | 1580 |
| BHEL | 224.12 | 235 |
| BIOCON | 337.55 | 335 |
| BOSCHLTD | 33718.45 | 34000 |
| BPCL | 302.15 | 310 |
| BRITANNIA | 5032 | 5100 |
| BSOFT | 553.3 | 560 |
| CANBK | 100.1 | 102 |
| CANFINHOME | 818.45 | 840 |
| CHAMBLFERT | 462.6 | 480 |
| CHOLAFIN | 1195.25 | 1260 |
| CIPLA | 1504 | 1540 |
| COALINDIA | 411.4 | 424.25 |
| COFORGE | 8113.75 | 8000 |
| COLPAL | 2775.6 | 2850 |
| CONCOR | 785 | 810 |
| COROMANDEL | 1677.85 | 1700 |
| CROMPTON | 383.85 | 400 |
| CUB | 172.35 | 175 |
| CUMMINSIND | 3322.55 | 3400 |
| DABUR | 512.15 | 530 |
| DALBHARAT | 1700 | 1800 |
| DEEPAKNTR | 2505 | 2600 |
| DIVISLAB | 5794.55 | 5900 |
| DIXON | 14899 | 14500 |
| DLF | 761.9 | 780 |
| DRREDDY | 1247.35 | 1260 |
| EICHERMOT | 4900 | 4800 |
| ESCORTS | 3508.95 | 3600 |
| EXIDEIND | 421.1 | 440 |
| FEDERALBNK | 200.35 | 202.5 |
| GAIL | 191.45 | 195 |
| GLENMARK | 1558.45 | 1600 |
| GMRINFRA | 76.77 | 80 |
| GNFC | 545.5 | 560 |
| GODREJCP | 1192.25 | 1200 |
| GODREJPROP | 2600.9 | 2700 |
| GRANULES | 537.95 | 490 |
| GRASIM | 2512.05 | 2500 |
| GUJGASLTD | 495.35 | 510 |
| HAL | 4041.75 | 4300 |
| HAVELLS | 1611.65 | 1640 |
| HCLTECH | 1887.3 | 1820 |
| HDFCAMC | 4320.1 | 4350 |
| HDFCBANK | 1692.5 | 1720 |
| HDFCLIFE | 690.4 | 700 |
| HEROMOTOCO | 4507.05 | 4700 |
| HINDALCO | 634.55 | 650 |
| HINDCOPPER | 264 | 290 |
| HINDPETRO | 368.4 | 380 |
| HINDUNILVR | 2448.25 | 2500 |
| ICICIBANK | 1254.3 | 1260 |
| ICICIGI | 1872.95 | 1900 |
| ICICIPRULI | 694 | 710 |
| IDEA | 7.45 | 8 |
| IDFCFIRSTB | 64.35 | 65 |
| IEX | 163.37 | 170 |
| IGL | 417.75 | 420 |
| INDHOTEL | 716 | 710 |
| INDIAMART | 2324 | 2300 |
| INDIGO | 3872.2 | 3950 |
| INDUSINDBK | 1044.3 | 1060 |
| INDUSTOWER | 320.25 | 340 |
| INFY | 1870.35 | 1820 |
| IOC | 134.97 | 140 |
| IPCALAB | 1516.15 | 1520 |
| IRCTC | 801.85 | 820 |
| ITC | 472 | 480 |
| JINDALSTEL | 869.6 | 900 |
| JKCEMENT | 3960.85 | 4100 |
| JSWSTEEL | 937.15 | 960 |
| JUBLFOOD | 622.15 | 620 |
| KOTAKBANK | 1692.5 | 1760 |
| LALPATHLAB | 2969.95 | 3100 |
| LAURUSLABS | 482.7 | 490 |
| LICHSGFIN | 615.55 | 630 |
| LT | 3548.9 | 3600 |
| LTF | 136.44 | 140 |
| LTIM | 5954.45 | 6000 |
| LTTS | 5191.55 | 5200 |
| LUPIN | 2047.6 | 2100 |
| M&M | 2785.5 | 2850 |
| M&MFIN | 259.7 | 270 |
| MANAPPURAM | 160.44 | 155 |
| MARICO | 597.6 | 610 |
| MARUTI | 11009 | 11100 |
| MCX | 6079.5 | 6200 |
| METROPOLIS | 2052.05 | 2100 |
| MFSL | 1211.9 | 1200 |
| MGL | 1339 | 1400 |
| MOTHERSON | 163.82 | 170 |
| MPHASIS | 2874.5 | 2900 |
| MRF | 120950 | 120000 |
| MUTHOOTFIN | 1776.15 | 1800 |
| NATIONALUM | 227.45 | 225 |
| NAUKRI | 7601.5 | 7700 |
| NAVINFLUOR | 3289.15 | 3350 |
| NESTLEIND | 2237.6 | 2260 |
| NMDC | 227.3 | 225 |
| NTPC | 383.65 | 390 |
| OBEROIRLTY | 1961.15 | 1960 |
| OFSS | 11883.6 | 11500 |
| ONGC | 252.7 | 260 |
| PAGEIND | 45982.85 | 46000 |
| PEL | 1025.85 | 1020 |
| PERSISTENT | 5761.3 | 5600 |
| PETRONET | 317.5 | 328 |
| PFC | 463.5 | 460 |
| PIDILITIND | 2988.8 | 3100 |
| PIIND | 4099.2 | 4400 |
| PNB | 101.99 | 105 |
| POLYCAB | 6358.4 | 6500 |
| POWERGRID | 314 | 320 |
| PVRINOX | 1461.25 | 1480 |
| RAMCOCEM | 891.25 | 880 |
| RBLBANK | 153.82 | 160 |
| RECLTD | 508.45 | 520 |
| RELIANCE | 1261.2 | 1300 |
| SAIL | 113.43 | 115 |
| SBICARD | 685.6 | 680 |
| SBILIFE | 1556.75 | 1580 |
| SBIN | 813.7 | 830 |
| SHREECEM | 23724.6 | 24250 |
| SHRIRAMFIN | 2838.5 | 3000 |
| SIEMENS | 6668.45 | 6900 |
| SRF | 2207.55 | 2280 |
| SUNPHARMA | 1789.45 | 1820 |
| SUNTV | 726 | 730 |
| SYNGENE | 863.65 | 880 |
| TATACHEM | 1050.45 | 1100 |
| TATACOMM | 1763.6 | 1780 |
| TATACONSUM | 953.7 | 980 |
| TATAMOTORS | 790.5 | 810 |
| TATAPOWER | 404.85 | 420 |
| TATASTEEL | 139.81 | 147.5 |
| TCS | 4143.7 | 4150 |
| TECHM | 1683.6 | 1660 |
| TITAN | 3186.7 | 3200 |
| TORNTPHARM | 3135.95 | 3100 |
| TRENT | 6493.35 | 6600 |
| TVSMOTOR | 2389.85 | 2450 |
| UBL | 1872.15 | 1900 |
| ULTRACEMCO | 10574.05 | 11000 |
| UNITDSPR | 1434.2 | 1460 |
| UPL | 512.5 | 530 |
| VEDL | 434.85 | 460 |
| VOLTAS | 1707.7 | 1700 |
| WIPRO | 572.65 | 560 |
| ZYDUSLIFE | 975.9 | 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.
