HAL
Hindustan Aeronautics Ltd
Max pain for HAL
28 Mar 2025 04:12 PM IST
Max Pain for HAL is 4150
Strike 2400 has a total call value of 0 versus a total put value of 385,659,000,000 Combined total value = 385,659,000,000
Strike 2450 has a total call value of 0 versus a total put value of 373,007,250,000 Combined total value = 373,007,250,000
Strike 2500 has a total call value of 0 versus a total put value of 360,355,500,000 Combined total value = 360,355,500,000
Strike 2550 has a total call value of 0 versus a total put value of 347,703,750,000 Combined total value = 347,703,750,000
Strike 2600 has a total call value of 0 versus a total put value of 335,052,000,000 Combined total value = 335,052,000,000
Strike 2650 has a total call value of 0 versus a total put value of 322,400,250,000 Combined total value = 322,400,250,000
Strike 2700 has a total call value of 0 versus a total put value of 309,748,500,000 Combined total value = 309,748,500,000
Strike 2750 has a total call value of 0 versus a total put value of 297,127,500,000 Combined total value = 297,127,500,000
Strike 2800 has a total call value of 0 versus a total put value of 284,514,000,000 Combined total value = 284,514,000,000
Strike 2850 has a total call value of 0 versus a total put value of 272,017,500,000 Combined total value = 272,017,500,000
Strike 2900 has a total call value of 0 versus a total put value of 259,521,000,000 Combined total value = 259,521,000,000
Strike 2950 has a total call value of 0 versus a total put value of 247,116,000,000 Combined total value = 247,116,000,000
Strike 3000 has a total call value of 0 versus a total put value of 234,711,000,000 Combined total value = 234,711,000,000
Strike 3050 has a total call value of 60,750,000 versus a total put value of 222,771,000,000 Combined total value = 222,831,750,000
Strike 3100 has a total call value of 121,500,000 versus a total put value of 210,841,500,000 Combined total value = 210,963,000,000
Strike 3150 has a total call value of 198,750,000 versus a total put value of 198,978,750,000 Combined total value = 199,177,500,000
Strike 3200 has a total call value of 276,000,000 versus a total put value of 187,116,000,000 Combined total value = 187,392,000,000
Strike 3250 has a total call value of 368,250,000 versus a total put value of 175,378,500,000 Combined total value = 175,746,750,000
Strike 3300 has a total call value of 460,500,000 versus a total put value of 163,669,500,000 Combined total value = 164,130,000,000
Strike 3350 has a total call value of 605,250,000 versus a total put value of 152,181,750,000 Combined total value = 152,787,000,000
Strike 3400 has a total call value of 750,000,000 versus a total put value of 140,734,500,000 Combined total value = 141,484,500,000
Strike 3450 has a total call value of 947,250,000 versus a total put value of 129,666,750,000 Combined total value = 130,614,000,000
Strike 3500 has a total call value of 1,144,500,000 versus a total put value of 118,650,000,000 Combined total value = 119,794,500,000
Strike 3550 has a total call value of 1,539,000,000 versus a total put value of 108,421,500,000 Combined total value = 109,960,500,000
Strike 3600 has a total call value of 1,933,500,000 versus a total put value of 98,309,250,000 Combined total value = 100,242,750,000
Strike 3650 has a total call value of 2,531,250,000 versus a total put value of 88,786,500,000 Combined total value = 91,317,750,000
Strike 3700 has a total call value of 3,158,250,000 versus a total put value of 79,331,250,000 Combined total value = 82,489,500,000
Strike 3750 has a total call value of 3,950,250,000 versus a total put value of 70,466,250,000 Combined total value = 74,416,500,000
Strike 3800 has a total call value of 4,788,000,000 versus a total put value of 61,749,000,000 Combined total value = 66,537,000,000
Strike 3850 has a total call value of 5,913,000,000 versus a total put value of 53,884,500,000 Combined total value = 59,797,500,000
Strike 3900 has a total call value of 7,074,000,000 versus a total put value of 46,176,750,000 Combined total value = 53,250,750,000
Strike 3950 has a total call value of 8,628,750,000 versus a total put value of 39,353,250,000 Combined total value = 47,982,000,000
Strike 4000 has a total call value of 10,248,750,000 versus a total put value of 32,727,000,000 Combined total value = 42,975,750,000
Strike 4050 has a total call value of 12,612,000,000 versus a total put value of 27,412,500,000 Combined total value = 40,024,500,000
Strike 4100 has a total call value of 15,140,250,000 versus a total put value of 22,392,000,000 Combined total value = 37,532,250,000
Strike 4150 has a total call value of 18,690,750,000 versus a total put value of 18,097,500,000 Combined total value = 36,788,250,000
Strike 4200 has a total call value of 22,689,750,000 versus a total put value of 14,245,500,000 Combined total value = 36,935,250,000
Strike 4250 has a total call value of 28,574,250,000 versus a total put value of 11,572,500,000 Combined total value = 40,146,750,000
Strike 4300 has a total call value of 35,034,000,000 versus a total put value of 9,295,500,000 Combined total value = 44,329,500,000
Strike 4350 has a total call value of 43,160,250,000 versus a total put value of 7,566,750,000 Combined total value = 50,727,000,000
Strike 4400 has a total call value of 51,552,750,000 versus a total put value of 5,958,000,000 Combined total value = 57,510,750,000
Strike 4450 has a total call value of 61,273,500,000 versus a total put value of 4,577,250,000 Combined total value = 65,850,750,000
Strike 4500 has a total call value of 71,205,750,000 versus a total put value of 3,198,000,000 Combined total value = 74,403,750,000
Strike 4550 has a total call value of 82,971,000,000 versus a total put value of 2,281,500,000 Combined total value = 85,252,500,000
Strike 4600 has a total call value of 94,938,750,000 versus a total put value of 1,368,000,000 Combined total value = 96,306,750,000
Strike 4650 has a total call value of 107,918,250,000 versus a total put value of 954,750,000 Combined total value = 108,873,000,000
Strike 4700 has a total call value of 121,047,750,000 versus a total put value of 541,500,000 Combined total value = 121,589,250,000
Strike 4750 has a total call value of 134,813,250,000 versus a total put value of 270,750,000 Combined total value = 135,084,000,000
Strike 4800 has a total call value of 148,578,750,000 versus a total put value of 0 Combined total value = 148,578,750,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 4177.45 | 400 |
| ABB | 4177.45 | 5600 |
| ABCAPITAL | 4177.45 | 190 |
| ABFRL | 4177.45 | 260 |
| ACC | 4177.45 | 1960 |
| ADANIENSOL | 4177.45 | 840 |
| ADANIENT | 4177.45 | 2500 |
| ADANIGREEN | 4177.45 | 940 |
| ADANIPORTS | 4177.45 | 1200 |
| ALKEM | 4177.45 | 5000 |
| AMBUJACEM | 4177.45 | 550 |
| ANGELONE | 4177.45 | 2200 |
| APLAPOLLO | 4177.45 | 1520 |
| APOLLOHOSP | 4177.45 | 6600 |
| APOLLOTYRE | 4177.45 | 430 |
| ASHOKLEY | 4177.45 | 210 |
| ASIANPAINT | 4177.45 | 2340 |
| ASTRAL | 4177.45 | 1300 |
| ATGL | 4177.45 | 610 |
| AUBANK | 4177.45 | 550 |
| AUROPHARMA | 4177.45 | 1160 |
| AXISBANK | 4177.45 | 1100 |
| BAJAJ-AUTO | 4177.45 | 8000 |
| BAJAJFINSV | 4177.45 | 1980 |
| BAJFINANCE | 4177.45 | 8900 |
| BALKRISIND | 4177.45 | 2580 |
| BANDHANBNK | 4177.45 | 150 |
| BANKBARODA | 4177.45 | 230 |
| BANKINDIA | 4177.45 | 107 |
| BEL | 4177.45 | 300 |
| BERGEPAINT | 4177.45 | 500 |
| BHARATFORG | 4177.45 | 1160 |
| BHARTIARTL | 4177.45 | 1700 |
| BHEL | 4177.45 | 220 |
| BIOCON | 4177.45 | 345 |
| BOSCHLTD | 4177.45 | 28000 |
| BPCL | 4177.45 | 280 |
| BRITANNIA | 4177.45 | 4900 |
| BSE | 4177.45 | 5100 |
| BSOFT | 4177.45 | 400 |
| CAMS | 4177.45 | 3700 |
| CANBK | 4177.45 | 90 |
| CDSL | 4177.45 | 1200 |
| CESC | 4177.45 | 155 |
| CGPOWER | 4177.45 | 650 |
| CHAMBLFERT | 4177.45 | 610 |
| CHOLAFIN | 4177.45 | 1520 |
| CIPLA | 4177.45 | 1480 |
| COALINDIA | 4177.45 | 410 |
| COFORGE | 4177.45 | 8000 |
| COLPAL | 4177.45 | 2400 |
| CONCOR | 4177.45 | 710 |
| CROMPTON | 4177.45 | 360 |
| CUMMINSIND | 4177.45 | 3050 |
| CYIENT | 4177.45 | 1300 |
| DABUR | 4177.45 | 510 |
| DALBHARAT | 4177.45 | 1800 |
| DEEPAKNTR | 4177.45 | 2000 |
| DELHIVERY | 4177.45 | 260 |
| DIVISLAB | 4177.45 | 5800 |
| DIXON | 4177.45 | 13500 |
| DLF | 4177.45 | 700 |
| DMART | 4177.45 | 4050 |
| DRREDDY | 4177.45 | 1150 |
| EICHERMOT | 4177.45 | 5400 |
| ESCORTS | 4177.45 | 3300 |
| EXIDEIND | 4177.45 | 370 |
| FEDERALBNK | 4177.45 | 195 |
| GAIL | 4177.45 | 182.5 |
| GLENMARK | 4177.45 | 1500 |
| GMRAIRPORT | 4177.45 | 77 |
| GODREJCP | 4177.45 | 1140 |
| GODREJPROP | 4177.45 | 2150 |
| GOLDM | 4177.45 | 88500 |
| GRANULES | 4177.45 | 500 |
| GRASIM | 4177.45 | 2580 |
| HAL | 4177.45 | 4150 |
| HAVELLS | 4177.45 | 1500 |
| HCLTECH | 4177.45 | 1600 |
| HDFCAMC | 4177.45 | 4100 |
| HDFCBANK | 4177.45 | 1800 |
| HDFCLIFE | 4177.45 | 680 |
| HEROMOTOCO | 4177.45 | 3750 |
| HFCL | 4177.45 | 82.5 |
| HINDALCO | 4177.45 | 690 |
| HINDCOPPER | 4177.45 | 230 |
| HINDPETRO | 4177.45 | 360 |
| HINDUNILVR | 4177.45 | 2300 |
| HUDCO | 4177.45 | 200 |
| ICICIBANK | 4177.45 | 1340 |
| ICICIGI | 4177.45 | 1800 |
| ICICIPRULI | 4177.45 | 580 |
| IDEA | 4177.45 | 8 |
| IDFCFIRSTB | 4177.45 | 58 |
| IEX | 4177.45 | 180 |
| IGL | 4177.45 | 200 |
| IIFL | 4177.45 | 330 |
| INDHOTEL | 4177.45 | 800 |
| INDIANB | 4177.45 | 550 |
| INDIGO | 4177.45 | 5000 |
| INDUSINDBK | 4177.45 | 670 |
| INDUSTOWER | 4177.45 | 350 |
| INFY | 4177.45 | 1600 |
| IOC | 4177.45 | 132.5 |
| IRB | 4177.45 | 46 |
| IRCTC | 4177.45 | 740 |
| IREDA | 4177.45 | 152.5 |
| IRFC | 4177.45 | 125 |
| ITC | 4177.45 | 410 |
| JINDALSTEL | 4177.45 | 920 |
| JIOFIN | 4177.45 | 230 |
| JSL | 4177.45 | 600 |
| JSWENERGY | 4177.45 | 550 |
| JSWSTEEL | 4177.45 | 1050 |
| JUBLFOOD | 4177.45 | 660 |
| KALYANKJIL | 4177.45 | 480 |
| KEI | 4177.45 | 2900 |
| KOTAKBANK | 4177.45 | 2120 |
| KPITTECH | 4177.45 | 1300 |
| LAURUSLABS | 4177.45 | 610 |
| LICHSGFIN | 4177.45 | 570 |
| LICI | 4177.45 | 800 |
| LODHA | 4177.45 | 1200 |
| LT | 4177.45 | 3500 |
| LTF | 4177.45 | 150 |
| LTIM | 4177.45 | 4600 |
| LUPIN | 4177.45 | 2040 |
| M&M | 4177.45 | 2700 |
| M&MFIN | 4177.45 | 290 |
| MANAPPURAM | 4177.45 | 230 |
| MARICO | 4177.45 | 640 |
| MARUTI | 4177.45 | 11700 |
| MAXHEALTH | 4177.45 | 1120 |
| MCX | 4177.45 | 5400 |
| MFSL | 4177.45 | 1140 |
| MGL | 4177.45 | 1380 |
| MOTHERSON | 4177.45 | 135 |
| MPHASIS | 4177.45 | 2500 |
| MRF | 4177.45 | 115000 |
| MUTHOOTFIN | 4177.45 | 2200 |
| NATIONALUM | 4177.45 | 185 |
| NAUKRI | 4177.45 | 7100 |
| NBCC | 4177.45 | 82.5 |
| NCC | 4177.45 | 210 |
| NESTLEIND | 4177.45 | 2260 |
| NHPC | 4177.45 | 84 |
| NMDC | 4177.45 | 69 |
| NTPC | 4177.45 | 360 |
| NYKAA | 4177.45 | 175 |
| OBEROIRLTY | 4177.45 | 1640 |
| OFSS | 4177.45 | 8000 |
| OIL | 4177.45 | 390 |
| ONGC | 4177.45 | 250 |
| PAGEIND | 4177.45 | 43000 |
| PATANJALI | 4177.45 | 1800 |
| PAYTM | 4177.45 | 780 |
| PEL | 4177.45 | 1000 |
| PERSISTENT | 4177.45 | 5500 |
| PETRONET | 4177.45 | 300 |
| PFC | 4177.45 | 420 |
| PHOENIXLTD | 4177.45 | 1600 |
| PIDILITIND | 4177.45 | 2840 |
| PIIND | 4177.45 | 3500 |
| PNB | 4177.45 | 97 |
| POLICYBZR | 4177.45 | 1600 |
| POLYCAB | 4177.45 | 5100 |
| POONAWALLA | 4177.45 | 335 |
| POWERGRID | 4177.45 | 295 |
| PRESTIGE | 4177.45 | 1200 |
| RAMCOCEM | 4177.45 | 900 |
| RBLBANK | 4177.45 | 175 |
| RECLTD | 4177.45 | 440 |
| RELIANCE | 4177.45 | 1300 |
| SAIL | 4177.45 | 120 |
| SBICARD | 4177.45 | 865 |
| SBILIFE | 4177.45 | 1540 |
| SBIN | 4177.45 | 780 |
| SHREECEM | 4177.45 | 30500 |
| SHRIRAMFIN | 4177.45 | 660 |
| SIEMENS | 4177.45 | 5300 |
| SILVER | 4177.45 | 98000 |
| SJVN | 4177.45 | 95 |
| SOLARINDS | 4177.45 | 11000 |
| SONACOMS | 4177.45 | 460 |
| SRF | 4177.45 | 2960 |
| SUNPHARMA | 4177.45 | 1740 |
| SUPREMEIND | 4177.45 | 3500 |
| SYNGENE | 4177.45 | 720 |
| TATACHEM | 4177.45 | 880 |
| TATACOMM | 4177.45 | 1600 |
| TATACONSUM | 4177.45 | 1000 |
| TATAELXSI | 4177.45 | 5300 |
| TATAMOTORS | 4177.45 | 700 |
| TATAPOWER | 4177.45 | 400 |
| TATASTEEL | 4177.45 | 156 |
| TATATECH | 4177.45 | 680 |
| TCS | 4177.45 | 3660 |
| TECHM | 4177.45 | 1440 |
| TIINDIA | 4177.45 | 2800 |
| TITAGARH | 4177.45 | 800 |
| TITAN | 4177.45 | 3100 |
| TORNTPHARM | 4177.45 | 3250 |
| TORNTPOWER | 4177.45 | 1500 |
| TRENT | 4177.45 | 5400 |
| TVSMOTOR | 4177.45 | 2440 |
| ULTRACEMCO | 4177.45 | 11400 |
| UNIONBANK | 4177.45 | 125 |
| UNITDSPR | 4177.45 | 1400 |
| UPL | 4177.45 | 640 |
| VBL | 4177.45 | 520 |
| VEDL | 4177.45 | 470 |
| VOLTAS | 4177.45 | 1440 |
| WIPRO | 4177.45 | 267.5 |
| YESBANK | 4177.45 | 17 |
| ZOMATO | 4177.45 | 210 |
| ZYDUSLIFE | 4177.45 | 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.
