HAL
Hindustan Aeronautics Ltd
Max pain for HAL
02 Apr 2025 11:02 AM IST
Max Pain for HAL is 4200
Strike 2400 has a total call value of 0 versus a total put value of 521,991,750,000 Combined total value = 521,991,750,000
Strike 2450 has a total call value of 0 versus a total put value of 505,510,500,000 Combined total value = 505,510,500,000
Strike 2500 has a total call value of 0 versus a total put value of 489,029,250,000 Combined total value = 489,029,250,000
Strike 2550 has a total call value of 0 versus a total put value of 472,548,000,000 Combined total value = 472,548,000,000
Strike 2600 has a total call value of 0 versus a total put value of 456,066,750,000 Combined total value = 456,066,750,000
Strike 2650 has a total call value of 0 versus a total put value of 439,587,750,000 Combined total value = 439,587,750,000
Strike 2700 has a total call value of 0 versus a total put value of 423,108,750,000 Combined total value = 423,108,750,000
Strike 2750 has a total call value of 0 versus a total put value of 406,629,750,000 Combined total value = 406,629,750,000
Strike 2800 has a total call value of 0 versus a total put value of 390,150,750,000 Combined total value = 390,150,750,000
Strike 2850 has a total call value of 0 versus a total put value of 373,789,500,000 Combined total value = 373,789,500,000
Strike 2900 has a total call value of 0 versus a total put value of 357,437,250,000 Combined total value = 357,437,250,000
Strike 2950 has a total call value of 0 versus a total put value of 341,085,000,000 Combined total value = 341,085,000,000
Strike 3000 has a total call value of 0 versus a total put value of 324,732,750,000 Combined total value = 324,732,750,000
Strike 3050 has a total call value of 0 versus a total put value of 308,847,750,000 Combined total value = 308,847,750,000
Strike 3100 has a total call value of 0 versus a total put value of 292,962,750,000 Combined total value = 292,962,750,000
Strike 3150 has a total call value of 15,000,000 versus a total put value of 277,077,750,000 Combined total value = 277,092,750,000
Strike 3200 has a total call value of 30,000,000 versus a total put value of 261,192,750,000 Combined total value = 261,222,750,000
Strike 3250 has a total call value of 60,750,000 versus a total put value of 245,430,750,000 Combined total value = 245,491,500,000
Strike 3300 has a total call value of 91,500,000 versus a total put value of 229,668,750,000 Combined total value = 229,760,250,000
Strike 3350 has a total call value of 122,250,000 versus a total put value of 214,173,750,000 Combined total value = 214,296,000,000
Strike 3400 has a total call value of 162,000,000 versus a total put value of 198,678,750,000 Combined total value = 198,840,750,000
Strike 3450 has a total call value of 201,750,000 versus a total put value of 183,548,250,000 Combined total value = 183,750,000,000
Strike 3500 has a total call value of 241,500,000 versus a total put value of 168,465,750,000 Combined total value = 168,707,250,000
Strike 3550 has a total call value of 474,750,000 versus a total put value of 154,298,250,000 Combined total value = 154,773,000,000
Strike 3600 has a total call value of 708,000,000 versus a total put value of 140,306,250,000 Combined total value = 141,014,250,000
Strike 3650 has a total call value of 1,146,750,000 versus a total put value of 126,911,250,000 Combined total value = 128,058,000,000
Strike 3700 has a total call value of 1,585,500,000 versus a total put value of 113,603,250,000 Combined total value = 115,188,750,000
Strike 3750 has a total call value of 2,177,250,000 versus a total put value of 101,127,000,000 Combined total value = 103,304,250,000
Strike 3800 has a total call value of 2,813,250,000 versus a total put value of 88,989,750,000 Combined total value = 91,803,000,000
Strike 3850 has a total call value of 3,735,000,000 versus a total put value of 78,039,750,000 Combined total value = 81,774,750,000
Strike 3900 has a total call value of 4,696,500,000 versus a total put value of 67,337,250,000 Combined total value = 72,033,750,000
Strike 3950 has a total call value of 6,048,000,000 versus a total put value of 57,687,000,000 Combined total value = 63,735,000,000
Strike 4000 has a total call value of 7,461,000,000 versus a total put value of 48,236,250,000 Combined total value = 55,697,250,000
Strike 4050 has a total call value of 9,647,250,000 versus a total put value of 40,209,750,000 Combined total value = 49,857,000,000
Strike 4100 has a total call value of 11,996,250,000 versus a total put value of 32,583,000,000 Combined total value = 44,579,250,000
Strike 4150 has a total call value of 15,314,250,000 versus a total put value of 26,007,000,000 Combined total value = 41,321,250,000
Strike 4200 has a total call value of 19,083,750,000 versus a total put value of 20,321,250,000 Combined total value = 39,405,000,000
Strike 4250 has a total call value of 24,855,750,000 versus a total put value of 16,227,750,000 Combined total value = 41,083,500,000
Strike 4300 has a total call value of 31,398,000,000 versus a total put value of 12,657,750,000 Combined total value = 44,055,750,000
Strike 4350 has a total call value of 40,532,250,000 versus a total put value of 9,918,000,000 Combined total value = 50,450,250,000
Strike 4400 has a total call value of 50,565,750,000 versus a total put value of 7,434,000,000 Combined total value = 57,999,750,000
Strike 4450 has a total call value of 63,487,500,000 versus a total put value of 5,541,750,000 Combined total value = 69,029,250,000
Strike 4500 has a total call value of 77,150,250,000 versus a total put value of 3,702,000,000 Combined total value = 80,852,250,000
Strike 4550 has a total call value of 94,164,000,000 versus a total put value of 2,497,500,000 Combined total value = 96,661,500,000
Strike 4600 has a total call value of 111,510,750,000 versus a total put value of 1,293,000,000 Combined total value = 112,803,750,000
Strike 4650 has a total call value of 130,789,500,000 versus a total put value of 895,500,000 Combined total value = 131,685,000,000
Strike 4700 has a total call value of 150,324,750,000 versus a total put value of 498,000,000 Combined total value = 150,822,750,000
Strike 4750 has a total call value of 171,015,750,000 versus a total put value of 249,000,000 Combined total value = 171,264,750,000
Strike 4800 has a total call value of 191,829,750,000 versus a total put value of 0 Combined total value = 191,829,750,000
Strike 4850 has a total call value of 216,510,000,000 versus a total put value of 0 Combined total value = 216,510,000,000
Strike 4900 has a total call value of 241,260,750,000 versus a total put value of 0 Combined total value = 241,260,750,000
Strike 4950 has a total call value of 266,236,500,000 versus a total put value of 0 Combined total value = 266,236,500,000
Strike 5000 has a total call value of 291,241,500,000 versus a total put value of 0 Combined total value = 291,241,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 4232.2 | 400 |
| ABB | 4232.2 | 5500 |
| ABCAPITAL | 4232.2 | 190 |
| ABFRL | 4232.2 | 260 |
| ACC | 4232.2 | 2000 |
| ADANIENSOL | 4232.2 | 860 |
| ADANIENT | 4232.2 | 2500 |
| ADANIGREEN | 4232.2 | 920 |
| ADANIPORTS | 4232.2 | 1200 |
| ALKEM | 4232.2 | 4900 |
| AMBUJACEM | 4232.2 | 540 |
| ANGELONE | 4232.2 | 2300 |
| APLAPOLLO | 4232.2 | 1500 |
| APOLLOHOSP | 4232.2 | 6650 |
| APOLLOTYRE | 4232.2 | 430 |
| ASHOKLEY | 4232.2 | 210 |
| ASIANPAINT | 4232.2 | 2340 |
| ASTRAL | 4232.2 | 1300 |
| ATGL | 4232.2 | 600 |
| AUBANK | 4232.2 | 545 |
| AUROPHARMA | 4232.2 | 1160 |
| AXISBANK | 4232.2 | 1100 |
| BAJAJ-AUTO | 4232.2 | 8000 |
| BAJAJFINSV | 4232.2 | 1960 |
| BAJFINANCE | 4232.2 | 8800 |
| BALKRISIND | 4232.2 | 2560 |
| BANDHANBNK | 4232.2 | 150 |
| BANKBARODA | 4232.2 | 230 |
| BANKINDIA | 4232.2 | 109 |
| BEL | 4232.2 | 290 |
| BERGEPAINT | 4232.2 | 500 |
| BHARATFORG | 4232.2 | 1160 |
| BHARTIARTL | 4232.2 | 1740 |
| BHEL | 4232.2 | 220 |
| BIOCON | 4232.2 | 345 |
| BOSCHLTD | 4232.2 | 28000 |
| BPCL | 4232.2 | 280 |
| BRITANNIA | 4232.2 | 4900 |
| BSE | 4232.2 | 5200 |
| BSOFT | 4232.2 | 400 |
| CAMS | 4232.2 | 3700 |
| CANBK | 4232.2 | 90 |
| CDSL | 4232.2 | 1200 |
| CESC | 4232.2 | 155 |
| CGPOWER | 4232.2 | 640 |
| CHAMBLFERT | 4232.2 | 610 |
| CHOLAFIN | 4232.2 | 1500 |
| CIPLA | 4232.2 | 1480 |
| COALINDIA | 4232.2 | 405 |
| COFORGE | 4232.2 | 7900 |
| COLPAL | 4232.2 | 2400 |
| CONCOR | 4232.2 | 700 |
| CROMPTON | 4232.2 | 350 |
| CUMMINSIND | 4232.2 | 3000 |
| CYIENT | 4232.2 | 1300 |
| DABUR | 4232.2 | 500 |
| DALBHARAT | 4232.2 | 1800 |
| DEEPAKNTR | 4232.2 | 2000 |
| DELHIVERY | 4232.2 | 260 |
| DIVISLAB | 4232.2 | 5700 |
| DIXON | 4232.2 | 13500 |
| DLF | 4232.2 | 690 |
| DMART | 4232.2 | 4050 |
| DRREDDY | 4232.2 | 1150 |
| EICHERMOT | 4232.2 | 5350 |
| ESCORTS | 4232.2 | 3250 |
| EXIDEIND | 4232.2 | 365 |
| FEDERALBNK | 4232.2 | 195 |
| GAIL | 4232.2 | 182.5 |
| GLENMARK | 4232.2 | 1520 |
| GMRAIRPORT | 4232.2 | 77 |
| GODREJCP | 4232.2 | 1140 |
| GODREJPROP | 4232.2 | 2100 |
| GOLDM | 4232.2 | 89000 |
| GRANULES | 4232.2 | 500 |
| GRASIM | 4232.2 | 2580 |
| HAL | 4232.2 | 4200 |
| HAVELLS | 4232.2 | 1500 |
| HCLTECH | 4232.2 | 1580 |
| HDFCAMC | 4232.2 | 4000 |
| HDFCBANK | 4232.2 | 1800 |
| HDFCLIFE | 4232.2 | 690 |
| HEROMOTOCO | 4232.2 | 3750 |
| HFCL | 4232.2 | 81 |
| HINDALCO | 4232.2 | 680 |
| HINDCOPPER | 4232.2 | 230 |
| HINDPETRO | 4232.2 | 360 |
| HINDUNILVR | 4232.2 | 2260 |
| HINDZINC | 4232.2 | 460 |
| HUDCO | 4232.2 | 200 |
| ICICIBANK | 4232.2 | 1340 |
| ICICIGI | 4232.2 | 1800 |
| ICICIPRULI | 4232.2 | 575 |
| IDEA | 4232.2 | 8 |
| IDFCFIRSTB | 4232.2 | 58 |
| IEX | 4232.2 | 177.5 |
| IGL | 4232.2 | 200 |
| IIFL | 4232.2 | 330 |
| INDHOTEL | 4232.2 | 810 |
| INDIANB | 4232.2 | 550 |
| INDIGO | 4232.2 | 5000 |
| INDUSINDBK | 4232.2 | 690 |
| INDUSTOWER | 4232.2 | 350 |
| INFY | 4232.2 | 1580 |
| INOXWIND | 4232.2 | 160 |
| IOC | 4232.2 | 132 |
| IRB | 4232.2 | 46 |
| IRCTC | 4232.2 | 730 |
| IREDA | 4232.2 | 155 |
| IRFC | 4232.2 | 125 |
| ITC | 4232.2 | 410 |
| JINDALSTEL | 4232.2 | 920 |
| JIOFIN | 4232.2 | 230 |
| JSL | 4232.2 | 600 |
| JSWENERGY | 4232.2 | 540 |
| JSWSTEEL | 4232.2 | 1050 |
| JUBLFOOD | 4232.2 | 670 |
| KALYANKJIL | 4232.2 | 470 |
| KEI | 4232.2 | 2900 |
| KOTAKBANK | 4232.2 | 2120 |
| KPITTECH | 4232.2 | 1300 |
| LAURUSLABS | 4232.2 | 600 |
| LICHSGFIN | 4232.2 | 570 |
| LICI | 4232.2 | 800 |
| LODHA | 4232.2 | 1200 |
| LT | 4232.2 | 3500 |
| LTF | 4232.2 | 150 |
| LTIM | 4232.2 | 4500 |
| LUPIN | 4232.2 | 2000 |
| M&M | 4232.2 | 2700 |
| M&MFIN | 4232.2 | 280 |
| MANAPPURAM | 4232.2 | 230 |
| MARICO | 4232.2 | 650 |
| MARUTI | 4232.2 | 11600 |
| MAXHEALTH | 4232.2 | 1120 |
| MCX | 4232.2 | 5400 |
| MFSL | 4232.2 | 1140 |
| MGL | 4232.2 | 1380 |
| MOTHERSON | 4232.2 | 132.5 |
| MPHASIS | 4232.2 | 2500 |
| MRF | 4232.2 | 114000 |
| MUTHOOTFIN | 4232.2 | 2240 |
| NATIONALUM | 4232.2 | 180 |
| NAUKRI | 4232.2 | 7000 |
| NBCC | 4232.2 | 82.5 |
| NCC | 4232.2 | 210 |
| NESTLEIND | 4232.2 | 2220 |
| NHPC | 4232.2 | 84 |
| NMDC | 4232.2 | 69.7 |
| NTPC | 4232.2 | 360 |
| NYKAA | 4232.2 | 175 |
| OBEROIRLTY | 4232.2 | 1600 |
| OFSS | 4232.2 | 7900 |
| OIL | 4232.2 | 390 |
| ONGC | 4232.2 | 250 |
| PAGEIND | 4232.2 | 42000 |
| PATANJALI | 4232.2 | 1800 |
| PAYTM | 4232.2 | 800 |
| PEL | 4232.2 | 1000 |
| PERSISTENT | 4232.2 | 5400 |
| PETRONET | 4232.2 | 300 |
| PFC | 4232.2 | 420 |
| PHOENIXLTD | 4232.2 | 1600 |
| PIDILITIND | 4232.2 | 2840 |
| PIIND | 4232.2 | 3500 |
| PNB | 4232.2 | 97 |
| PNBHOUSING | 4232.2 | 880 |
| POLICYBZR | 4232.2 | 1580 |
| POLYCAB | 4232.2 | 5100 |
| POONAWALLA | 4232.2 | 340 |
| POWERGRID | 4232.2 | 290 |
| PRESTIGE | 4232.2 | 1200 |
| RAMCOCEM | 4232.2 | 900 |
| RBLBANK | 4232.2 | 175 |
| RECLTD | 4232.2 | 430 |
| RELIANCE | 4232.2 | 1280 |
| SAIL | 4232.2 | 120 |
| SBICARD | 4232.2 | 860 |
| SBILIFE | 4232.2 | 1540 |
| SBIN | 4232.2 | 780 |
| SHREECEM | 4232.2 | 30500 |
| SHRIRAMFIN | 4232.2 | 650 |
| SIEMENS | 4232.2 | 5300 |
| SILVER | 4232.2 | 99000 |
| SJVN | 4232.2 | 92.5 |
| SOLARINDS | 4232.2 | 11100 |
| SONACOMS | 4232.2 | 460 |
| SRF | 4232.2 | 2900 |
| SUNPHARMA | 4232.2 | 1720 |
| SUPREMEIND | 4232.2 | 3500 |
| SYNGENE | 4232.2 | 720 |
| TATACHEM | 4232.2 | 860 |
| TATACOMM | 4232.2 | 1600 |
| TATACONSUM | 4232.2 | 1040 |
| TATAELXSI | 4232.2 | 5200 |
| TATAMOTORS | 4232.2 | 690 |
| TATAPOWER | 4232.2 | 390 |
| TATASTEEL | 4232.2 | 155 |
| TATATECH | 4232.2 | 680 |
| TCS | 4232.2 | 3600 |
| TECHM | 4232.2 | 1420 |
| TIINDIA | 4232.2 | 2750 |
| TITAGARH | 4232.2 | 800 |
| TITAN | 4232.2 | 3080 |
| TORNTPHARM | 4232.2 | 3250 |
| TORNTPOWER | 4232.2 | 1500 |
| TRENT | 4232.2 | 5500 |
| TVSMOTOR | 4232.2 | 2440 |
| ULTRACEMCO | 4232.2 | 11300 |
| UNIONBANK | 4232.2 | 125 |
| UNITDSPR | 4232.2 | 1400 |
| UPL | 4232.2 | 650 |
| VBL | 4232.2 | 530 |
| VEDL | 4232.2 | 470 |
| VOLTAS | 4232.2 | 1380 |
| WIPRO | 4232.2 | 267.5 |
| YESBANK | 4232.2 | 17 |
| ZOMATO | 4232.2 | 210 |
| ZYDUSLIFE | 4232.2 | 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.
