HAL
Hindustan Aeronautics Ltd
Max pain for HAL
24 Apr 2025 01:07 PM IST
Max Pain for HAL is 4200
Strike 2400 has a total call value of 0 versus a total put value of 314,259,000,000 Combined total value = 314,259,000,000
Strike 2450 has a total call value of 0 versus a total put value of 304,385,250,000 Combined total value = 304,385,250,000
Strike 2500 has a total call value of 0 versus a total put value of 294,511,500,000 Combined total value = 294,511,500,000
Strike 2550 has a total call value of 0 versus a total put value of 284,637,750,000 Combined total value = 284,637,750,000
Strike 2600 has a total call value of 0 versus a total put value of 274,764,000,000 Combined total value = 274,764,000,000
Strike 2650 has a total call value of 0 versus a total put value of 264,890,250,000 Combined total value = 264,890,250,000
Strike 2700 has a total call value of 0 versus a total put value of 255,016,500,000 Combined total value = 255,016,500,000
Strike 2750 has a total call value of 0 versus a total put value of 245,169,000,000 Combined total value = 245,169,000,000
Strike 2800 has a total call value of 0 versus a total put value of 235,321,500,000 Combined total value = 235,321,500,000
Strike 2850 has a total call value of 0 versus a total put value of 225,532,500,000 Combined total value = 225,532,500,000
Strike 2900 has a total call value of 0 versus a total put value of 215,743,500,000 Combined total value = 215,743,500,000
Strike 2950 has a total call value of 0 versus a total put value of 205,954,500,000 Combined total value = 205,954,500,000
Strike 3000 has a total call value of 0 versus a total put value of 196,165,500,000 Combined total value = 196,165,500,000
Strike 3050 has a total call value of 0 versus a total put value of 186,654,750,000 Combined total value = 186,654,750,000
Strike 3100 has a total call value of 0 versus a total put value of 177,153,000,000 Combined total value = 177,153,000,000
Strike 3150 has a total call value of 0 versus a total put value of 167,715,000,000 Combined total value = 167,715,000,000
Strike 3200 has a total call value of 0 versus a total put value of 158,277,000,000 Combined total value = 158,277,000,000
Strike 3250 has a total call value of 0 versus a total put value of 149,007,750,000 Combined total value = 149,007,750,000
Strike 3300 has a total call value of 0 versus a total put value of 139,738,500,000 Combined total value = 139,738,500,000
Strike 3350 has a total call value of 36,000,000 versus a total put value of 130,563,000,000 Combined total value = 130,599,000,000
Strike 3400 has a total call value of 72,000,000 versus a total put value of 121,387,500,000 Combined total value = 121,459,500,000
Strike 3450 has a total call value of 132,000,000 versus a total put value of 112,385,250,000 Combined total value = 112,517,250,000
Strike 3500 has a total call value of 201,000,000 versus a total put value of 103,500,000,000 Combined total value = 103,701,000,000
Strike 3550 has a total call value of 357,000,000 versus a total put value of 95,297,250,000 Combined total value = 95,654,250,000
Strike 3600 has a total call value of 513,000,000 versus a total put value of 87,252,750,000 Combined total value = 87,765,750,000
Strike 3650 has a total call value of 791,250,000 versus a total put value of 79,578,000,000 Combined total value = 80,369,250,000
Strike 3700 has a total call value of 1,069,500,000 versus a total put value of 72,102,000,000 Combined total value = 73,171,500,000
Strike 3750 has a total call value of 1,437,750,000 versus a total put value of 64,975,500,000 Combined total value = 66,413,250,000
Strike 3800 has a total call value of 1,806,000,000 versus a total put value of 57,985,500,000 Combined total value = 59,791,500,000
Strike 3850 has a total call value of 2,380,500,000 versus a total put value of 51,212,250,000 Combined total value = 53,592,750,000
Strike 3900 has a total call value of 2,982,750,000 versus a total put value of 44,670,000,000 Combined total value = 47,652,750,000
Strike 3950 has a total call value of 3,726,000,000 versus a total put value of 38,397,750,000 Combined total value = 42,123,750,000
Strike 4000 has a total call value of 4,469,250,000 versus a total put value of 32,400,000,000 Combined total value = 36,869,250,000
Strike 4050 has a total call value of 5,907,750,000 versus a total put value of 27,021,750,000 Combined total value = 32,929,500,000
Strike 4100 has a total call value of 7,445,250,000 versus a total put value of 21,777,000,000 Combined total value = 29,222,250,000
Strike 4150 has a total call value of 9,516,000,000 versus a total put value of 16,858,500,000 Combined total value = 26,374,500,000
Strike 4200 has a total call value of 11,717,250,000 versus a total put value of 12,648,750,000 Combined total value = 24,366,000,000
Strike 4250 has a total call value of 14,849,250,000 versus a total put value of 9,642,000,000 Combined total value = 24,491,250,000
Strike 4300 has a total call value of 18,279,750,000 versus a total put value of 7,293,000,000 Combined total value = 25,572,750,000
Strike 4350 has a total call value of 22,547,250,000 versus a total put value of 5,768,250,000 Combined total value = 28,315,500,000
Strike 4400 has a total call value of 27,453,750,000 versus a total put value of 4,498,500,000 Combined total value = 31,952,250,000
Strike 4450 has a total call value of 33,901,500,000 versus a total put value of 3,454,500,000 Combined total value = 37,356,000,000
Strike 4500 has a total call value of 40,611,750,000 versus a total put value of 2,473,500,000 Combined total value = 43,085,250,000
Strike 4550 has a total call value of 48,606,750,000 versus a total put value of 1,670,250,000 Combined total value = 50,277,000,000
Strike 4600 has a total call value of 56,845,500,000 versus a total put value of 880,500,000 Combined total value = 57,726,000,000
Strike 4650 has a total call value of 66,510,750,000 versus a total put value of 633,000,000 Combined total value = 67,143,750,000
Strike 4700 has a total call value of 76,362,750,000 versus a total put value of 385,500,000 Combined total value = 76,748,250,000
Strike 4750 has a total call value of 87,063,000,000 versus a total put value of 252,750,000 Combined total value = 87,315,750,000
Strike 4800 has a total call value of 97,921,500,000 versus a total put value of 120,000,000 Combined total value = 98,041,500,000
Strike 4850 has a total call value of 110,261,250,000 versus a total put value of 90,000,000 Combined total value = 110,351,250,000
Strike 4900 has a total call value of 122,715,750,000 versus a total put value of 60,000,000 Combined total value = 122,775,750,000
Strike 4950 has a total call value of 135,309,750,000 versus a total put value of 30,000,000 Combined total value = 135,339,750,000
Strike 5000 has a total call value of 148,005,000,000 versus a total put value of 0 Combined total value = 148,005,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.45 | 400 |
| ABB | 5701 | 5500 |
| ABCAPITAL | 204.1 | 190 |
| ABFRL | 271.5 | 270 |
| ACC | 2093.6 | 2060 |
| ADANIENSOL | 943.9 | 880 |
| ADANIENT | 2429.8 | 2400 |
| ADANIGREEN | 951.4 | 940 |
| ADANIPORTS | 1235.1 | 1200 |
| ALKEM | 5189.7 | 5000 |
| AMBUJACEM | 569.95 | 570 |
| ANGELONE | 2505 | 2300 |
| APLAPOLLO | 1631.2 | 1560 |
| APOLLOHOSP | 7103.5 | 6700 |
| APOLLOTYRE | 461.8 | 445 |
| ASHOKLEY | 230.85 | 215 |
| ASIANPAINT | 2456.4 | 2380 |
| ASTRAL | 1383.7 | 1300 |
| ATGL | 624.45 | 600 |
| AUBANK | 682.35 | 600 |
| AUROPHARMA | 1277 | 1160 |
| AXISBANK | 1209.4 | 1110 |
| BAJAJ-AUTO | 8223.5 | 8000 |
| BAJAJFINSV | 2094.1 | 1980 |
| BAJFINANCE | 9295 | 9000 |
| BALKRISIND | 2563.4 | 2500 |
| BANDHANBNK | 171.22 | 157.5 |
| BANKBARODA | 253 | 237.5 |
| BANKINDIA | 118.75 | 116 |
| BEL | 304.2 | 295 |
| BERGEPAINT | 585.65 | 560 |
| BHARATFORG | 1104.7 | 1060 |
| BHARTIARTL | 1851.5 | 1780 |
| BHEL | 229.09 | 220 |
| BIOCON | 327.05 | 335 |
| BOSCHLTD | 28335 | 28000 |
| BPCL | 301.7 | 290 |
| BRITANNIA | 5443.9 | 5200 |
| BSE | 6537 | 5700 |
| BSOFT | 398.8 | 390 |
| CAMS | 4046 | 3800 |
| CANBK | 99.81 | 97 |
| CDSL | 1373.3 | 1240 |
| CESC | 158 | 155 |
| CGPOWER | 650 | 610 |
| CHAMBLFERT | 692.95 | 640 |
| CHOLAFIN | 1540.6 | 1540 |
| CIPLA | 1547 | 1500 |
| COALINDIA | 400.1 | 400 |
| COFORGE | 7410 | 7000 |
| COLPAL | 2713.7 | 2560 |
| CONCOR | 708.1 | 700 |
| CROMPTON | 338.7 | 350 |
| CUMMINSIND | 2914 | 2950 |
| CYIENT | 1246.4 | 1220 |
| DABUR | 490.6 | 480 |
| DALBHARAT | 1964.4 | 1880 |
| DEEPAKNTR | 2014.5 | 1950 |
| DELHIVERY | 300.9 | 270 |
| DIVISLAB | 6238.5 | 5850 |
| DIXON | 16585 | 15000 |
| DLF | 680.85 | 670 |
| DMART | 4483.5 | 4200 |
| DRREDDY | 1195.9 | 1150 |
| EICHERMOT | 5675 | 5500 |
| ESCORTS | 3374 | 3300 |
| ETERNAL | 240.22 | 220 |
| EXIDEIND | 383.25 | 375 |
| FEDERALBNK | 204.05 | 195 |
| GAIL | 193.53 | 185 |
| GLENMARK | 1420 | 1420 |
| GMRAIRPORT | 88.8 | 82 |
| GODREJCP | 1253.6 | 1190 |
| GODREJPROP | 2150.1 | 2100 |
| GOLDM | 95523 | 95000 |
| GRANULES | 484.65 | 460 |
| GRASIM | 2725.8 | 2600 |
| HAL | 4306.6 | 4200 |
| HAVELLS | 1591.8 | 1580 |
| HCLTECH | 1587.2 | 1500 |
| HDFCAMC | 4590 | 4300 |
| HDFCBANK | 1918.9 | 1840 |
| HDFCLIFE | 711.65 | 695 |
| HEROMOTOCO | 3944.6 | 3800 |
| HFCL | 85.78 | 82 |
| HINDALCO | 628.65 | 630 |
| HINDCOPPER | 225.04 | 220 |
| HINDPETRO | 389.25 | 370 |
| HINDUNILVR | 2332.8 | 2300 |
| HINDZINC | 459.5 | 440 |
| HUDCO | 230.02 | 220 |
| ICICIBANK | 1406 | 1340 |
| ICICIGI | 1878.3 | 1800 |
| ICICIPRULI | 601.75 | 580 |
| IDEA | 7.99 | 7 |
| IDFCFIRSTB | 68 | 63 |
| IEX | 191.84 | 185 |
| IGL | 185.59 | 182.5 |
| IIFL | 372.95 | 340 |
| INDHOTEL | 810.25 | 820 |
| INDIANB | 575.35 | 560 |
| INDIGO | 5517.5 | 5250 |
| INDUSINDBK | 826 | 750 |
| INDUSTOWER | 402.15 | 375 |
| INFY | 1471.9 | 1460 |
| INOXWIND | 177.89 | 160 |
| IOC | 138.17 | 135 |
| IRB | 49 | 45 |
| IRCTC | 776.55 | 740 |
| IREDA | 178.84 | 160 |
| IRFC | 135.07 | 127.5 |
| ITC | 432.85 | 415 |
| JINDALSTEL | 907.2 | 900 |
| JIOFIN | 259.05 | 240 |
| JSL | 577.95 | 570 |
| JSWENERGY | 503.7 | 510 |
| JSWSTEEL | 1039.3 | 1020 |
| JUBLFOOD | 705.2 | 680 |
| KALYANKJIL | 531.15 | 510 |
| KEI | 2983.2 | 2800 |
| KOTAKBANK | 2226 | 2120 |
| KPITTECH | 1222.5 | 1180 |
| LAURUSLABS | 641 | 620 |
| LICHSGFIN | 615.3 | 580 |
| LICI | 816.3 | 800 |
| LODHA | 1320.7 | 1200 |
| LT | 3302 | 3300 |
| LTF | 179.3 | 160 |
| LTIM | 4510 | 4350 |
| LUPIN | 2104.6 | 2040 |
| M&M | 2873 | 2700 |
| M&MFIN | 268.9 | 270 |
| MANAPPURAM | 228.92 | 230 |
| MARICO | 716.75 | 690 |
| MARUTI | 11928 | 11600 |
| MAXHEALTH | 1110.2 | 1100 |
| MCX | 6246 | 5600 |
| MFSL | 1230.7 | 1200 |
| MGL | 1330.3 | 1300 |
| MOTHERSON | 136.17 | 130 |
| MPHASIS | 2501 | 2320 |
| MRF | 128350 | 123000 |
| MUTHOOTFIN | 2167 | 2120 |
| NATIONALUM | 162.54 | 165 |
| NAUKRI | 7190 | 6800 |
| NBCC | 99.87 | 94 |
| NCC | 218.18 | 212.5 |
| NESTLEIND | 2427.7 | 2300 |
| NHPC | 89.3 | 85 |
| NMDC | 68.35 | 67.7 |
| NTPC | 362.1 | 360 |
| NYKAA | 194.08 | 182.5 |
| OBEROIRLTY | 1674.9 | 1620 |
| OFSS | 8759.5 | 7800 |
| OIL | 402.95 | 380 |
| ONGC | 249.5 | 240 |
| PAGEIND | 45070 | 44000 |
| PATANJALI | 1945 | 1920 |
| PAYTM | 908 | 820 |
| PEL | 1013 | 1000 |
| PERSISTENT | 5257.5 | 5000 |
| PETRONET | 309.75 | 305 |
| PFC | 434.65 | 420 |
| PHOENIXLTD | 1665.5 | 1600 |
| PIDILITIND | 3075.1 | 2960 |
| PIIND | 3632 | 3550 |
| PNB | 103.12 | 100 |
| PNBHOUSING | 1007.5 | 960 |
| POLICYBZR | 1668.8 | 1600 |
| POLYCAB | 5554 | 5300 |
| POONAWALLA | 401.85 | 365 |
| POWERGRID | 314.7 | 300 |
| PRESTIGE | 1299.2 | 1200 |
| RAMCOCEM | 989.75 | 930 |
| RBLBANK | 198.65 | 182.5 |
| RECLTD | 441.95 | 430 |
| RELIANCE | 1300.4 | 1250 |
| SAIL | 118.25 | 115 |
| SBICARD | 926 | 870 |
| SBILIFE | 1615.5 | 1560 |
| SBIN | 816.5 | 780 |
| SHREECEM | 30670 | 30750 |
| SHRIRAMFIN | 697.7 | 670 |
| SIEMENS | 2922 | 2800 |
| SILVER | 97285 | 96000 |
| SJVN | 99.8 | 95 |
| SOLARINDS | 13048 | 12000 |
| SONACOMS | 470.65 | 450 |
| SRF | 3045.6 | 2900 |
| SUNPHARMA | 1800.8 | 1720 |
| SUPREMEIND | 3455.8 | 3450 |
| SYNGENE | 650.9 | 730 |
| TATACHEM | 864.3 | 850 |
| TATACOMM | 1589.9 | 1600 |
| TATACONSUM | 1166 | 1080 |
| TATAELXSI | 5878 | 5250 |
| TATAMOTORS | 663.15 | 640 |
| TATAPOWER | 397.5 | 385 |
| TATASTEEL | 141.73 | 140 |
| TATATECH | 723.8 | 660 |
| TCS | 3401.2 | 3350 |
| TECHM | 1444.7 | 1360 |
| TIINDIA | 2650 | 2600 |
| TITAGARH | 820.1 | 780 |
| TITAN | 3366.4 | 3160 |
| TORNTPHARM | 3315 | 3250 |
| TORNTPOWER | 1601.1 | 1600 |
| TRENT | 5362.5 | 5200 |
| TVSMOTOR | 2781.9 | 2620 |
| ULTRACEMCO | 12114 | 11600 |
| UNIONBANK | 128.14 | 125 |
| UNITDSPR | 1582.8 | 1460 |
| UPL | 681.3 | 660 |
| VBL | 536.75 | 540 |
| VEDL | 430.65 | 420 |
| VOLTAS | 1280.3 | 1320 |
| WIPRO | 243.5 | 245 |
| YESBANK | 18.49 | 17 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 880.25 | 870 |
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.
