HAL
Hindustan Aeronautics Ltd
Max pain for HAL
14 Jan 2025 04:12 PM IST
Max Pain for HAL is 4100
Strike 3200 has a total call value of 0 versus a total put value of 280,969,500,000 Combined total value = 280,969,500,000
Strike 3250 has a total call value of 0 versus a total put value of 265,353,750,000 Combined total value = 265,353,750,000
Strike 3300 has a total call value of 0 versus a total put value of 249,738,000,000 Combined total value = 249,738,000,000
Strike 3350 has a total call value of 0 versus a total put value of 234,222,750,000 Combined total value = 234,222,750,000
Strike 3400 has a total call value of 0 versus a total put value of 218,707,500,000 Combined total value = 218,707,500,000
Strike 3450 has a total call value of 7,500,000 versus a total put value of 203,478,750,000 Combined total value = 203,486,250,000
Strike 3500 has a total call value of 15,000,000 versus a total put value of 188,268,750,000 Combined total value = 188,283,750,000
Strike 3550 has a total call value of 56,250,000 versus a total put value of 173,734,500,000 Combined total value = 173,790,750,000
Strike 3600 has a total call value of 99,750,000 versus a total put value of 159,301,500,000 Combined total value = 159,401,250,000
Strike 3650 has a total call value of 198,750,000 versus a total put value of 145,590,750,000 Combined total value = 145,789,500,000
Strike 3700 has a total call value of 305,250,000 versus a total put value of 132,050,250,000 Combined total value = 132,355,500,000
Strike 3750 has a total call value of 484,500,000 versus a total put value of 119,187,000,000 Combined total value = 119,671,500,000
Strike 3800 has a total call value of 792,000,000 versus a total put value of 106,847,250,000 Combined total value = 107,639,250,000
Strike 3850 has a total call value of 1,676,250,000 versus a total put value of 95,955,750,000 Combined total value = 97,632,000,000
Strike 3900 has a total call value of 3,024,000,000 versus a total put value of 85,491,000,000 Combined total value = 88,515,000,000
Strike 3950 has a total call value of 5,421,750,000 versus a total put value of 75,967,500,000 Combined total value = 81,389,250,000
Strike 4000 has a total call value of 8,273,250,000 versus a total put value of 66,569,250,000 Combined total value = 74,842,500,000
Strike 4050 has a total call value of 12,999,000,000 versus a total put value of 58,225,500,000 Combined total value = 71,224,500,000
Strike 4100 has a total call value of 18,252,000,000 versus a total put value of 50,195,250,000 Combined total value = 68,447,250,000
Strike 4150 has a total call value of 25,473,000,000 versus a total put value of 42,975,000,000 Combined total value = 68,448,000,000
Strike 4200 has a total call value of 33,414,750,000 versus a total put value of 36,389,250,000 Combined total value = 69,804,000,000
Strike 4250 has a total call value of 44,656,500,000 versus a total put value of 30,960,750,000 Combined total value = 75,617,250,000
Strike 4300 has a total call value of 56,953,500,000 versus a total put value of 25,830,000,000 Combined total value = 82,783,500,000
Strike 4350 has a total call value of 74,361,750,000 versus a total put value of 22,164,750,000 Combined total value = 96,526,500,000
Strike 4400 has a total call value of 92,215,500,000 versus a total put value of 18,610,500,000 Combined total value = 110,826,000,000
Strike 4450 has a total call value of 112,317,000,000 versus a total put value of 15,569,250,000 Combined total value = 127,886,250,000
Strike 4500 has a total call value of 132,699,000,000 versus a total put value of 12,547,500,000 Combined total value = 145,246,500,000
Strike 4550 has a total call value of 156,884,250,000 versus a total put value of 10,452,000,000 Combined total value = 167,336,250,000
Strike 4600 has a total call value of 181,383,750,000 versus a total put value of 8,356,500,000 Combined total value = 189,740,250,000
Strike 4650 has a total call value of 207,642,000,000 versus a total put value of 6,667,500,000 Combined total value = 214,309,500,000
Strike 4700 has a total call value of 233,964,750,000 versus a total put value of 4,978,500,000 Combined total value = 238,943,250,000
Strike 4750 has a total call value of 261,785,250,000 versus a total put value of 3,951,750,000 Combined total value = 265,737,000,000
Strike 4800 has a total call value of 289,605,750,000 versus a total put value of 2,925,000,000 Combined total value = 292,530,750,000
Strike 4850 has a total call value of 318,762,000,000 versus a total put value of 2,193,750,000 Combined total value = 320,955,750,000
Strike 4900 has a total call value of 347,918,250,000 versus a total put value of 1,462,500,000 Combined total value = 349,380,750,000
Strike 4950 has a total call value of 377,439,000,000 versus a total put value of 731,250,000 Combined total value = 378,170,250,000
Strike 5000 has a total call value of 406,959,750,000 versus a total put value of 0 Combined total value = 406,959,750,000
Strike 5050 has a total call value of 438,582,750,000 versus a total put value of 0 Combined total value = 438,582,750,000
Strike 5100 has a total call value of 470,205,750,000 versus a total put value of 0 Combined total value = 470,205,750,000
Strike 5150 has a total call value of 501,828,750,000 versus a total put value of 0 Combined total value = 501,828,750,000
Strike 5200 has a total call value of 533,451,750,000 versus a total put value of 0 Combined total value = 533,451,750,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 409.35 | 420 |
| ABB | 6146.6 | 6600 |
| ABBOTINDIA | 28235.55 | 29000 |
| ABCAPITAL | 174.37 | 182.5 |
| ABFRL | 270.1 | 280 |
| ACC | 1946.25 | 2080 |
| ADANIENSOL | 771.3 | 780 |
| ADANIENT | 2380.55 | 2500 |
| ADANIGREEN | 1006.85 | 1000 |
| ADANIPORTS | 1117.1 | 1180 |
| ALKEM | 5264.8 | 5450 |
| AMBUJACEM | 515.35 | 550 |
| ANGELONE | 2370.55 | 2500 |
| APLAPOLLO | 1466.9 | 1520 |
| APOLLOHOSP | 6706.85 | 7050 |
| APOLLOTYRE | 452.8 | 470 |
| ASHOKLEY | 210.05 | 220 |
| ASIANPAINT | 2239.95 | 2300 |
| ASTRAL | 1493.5 | 1600 |
| ATGL | 669.8 | 670 |
| ATUL | 6736.9 | 6900 |
| AUBANK | 575.1 | 565 |
| AUROPHARMA | 1174.5 | 1220 |
| AXISBANK | 1051.65 | 1080 |
| BAJAJ-AUTO | 8611.2 | 8900 |
| BAJAJFINSV | 1713.5 | 1660 |
| BAJFINANCE | 7335 | 7200 |
| BALKRISIND | 2705.35 | 2800 |
| BANDHANBNK | 147.94 | 160 |
| BANKBARODA | 223.72 | 240 |
| BANKINDIA | 94.62 | 98 |
| BATAINDIA | 1343.55 | 1380 |
| BEL | 269.9 | 280 |
| BERGEPAINT | 462.45 | 460 |
| BHARATFORG | 1190.4 | 1260 |
| BHARTIARTL | 1600.1 | 1600 |
| BHEL | 197.1 | 220 |
| BIOCON | 387.65 | 375 |
| BOSCHLTD | 31621.7 | 33000 |
| BPCL | 270.2 | 280 |
| BRITANNIA | 4862.4 | 4850 |
| BSE | 5448.85 | 5300 |
| BSOFT | 532.9 | 560 |
| CAMS | 4219.6 | 4600 |
| CANBK | 93.22 | 98 |
| CANFINHOME | 670.8 | 700 |
| CDSL | 1572.5 | 1700 |
| CESC | 153.69 | 160 |
| CGPOWER | 640.15 | 670 |
| CHAMBLFERT | 475.05 | 490 |
| CHOLAFIN | 1270.7 | 1260 |
| CIPLA | 1447.75 | 1500 |
| COALINDIA | 369.25 | 385 |
| COFORGE | 8592.4 | 9000 |
| COLPAL | 2713.3 | 2780 |
| CONCOR | 761.75 | 780 |
| COROMANDEL | 1835.3 | 1880 |
| CROMPTON | 357.2 | 370 |
| CUB | 167.4 | 170 |
| CUMMINSIND | 2940.95 | 3150 |
| CYIENT | 1713.45 | 1720 |
| DABUR | 512.5 | 515 |
| DALBHARAT | 1729 | 1740 |
| DEEPAKNTR | 2340.85 | 2450 |
| DELHIVERY | 324 | 335 |
| DIVISLAB | 5990.3 | 5900 |
| DIXON | 16274.9 | 17000 |
| DLF | 723.25 | 770 |
| DMART | 3476.5 | 3700 |
| DRREDDY | 1337.55 | 1350 |
| EICHERMOT | 5029.55 | 5000 |
| ESCORTS | 3439 | 3300 |
| EXIDEIND | 382.25 | 410 |
| FEDERALBNK | 192.56 | 197.5 |
| GAIL | 175.96 | 190 |
| GLENMARK | 1515.95 | 1560 |
| GMRAIRPORT | 72.2 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 535.15 | 550 |
| GODREJCP | 1140.45 | 1140 |
| GODREJPROP | 2307.95 | 2500 |
| GRANULES | 583.75 | 590 |
| GRASIM | 2310.6 | 2480 |
| GUJGASLTD | 487.05 | 495 |
| HAL | 3828.35 | 4100 |
| HAVELLS | 1525 | 1600 |
| HCLTECH | 1813.55 | 1840 |
| HDFCAMC | 3865.05 | 3900 |
| HDFCBANK | 1646.6 | 1700 |
| HDFCLIFE | 600.45 | 620 |
| HEROMOTOCO | 4102.65 | 4200 |
| HFCL | 98.07 | 105 |
| HINDALCO | 590.9 | 600 |
| HINDCOPPER | 226.08 | 250 |
| HINDPETRO | 373.25 | 390 |
| HINDUNILVR | 2367.95 | 2400 |
| HUDCO | 214.29 | 220 |
| ICICIBANK | 1240.3 | 1270 |
| ICICIGI | 1831.2 | 1860 |
| ICICIPRULI | 642.15 | 660 |
| IDEA | 8.25 | 8 |
| IDFCFIRSTB | 61.94 | 63 |
| IEX | 166.83 | 177.5 |
| IGL | 411.25 | 410 |
| INDHOTEL | 781.4 | 800 |
| INDIAMART | 2254.7 | 2300 |
| INDIANB | 505.8 | 520 |
| INDIGO | 3995 | 4300 |
| INDUSINDBK | 962.1 | 980 |
| INDUSTOWER | 340.3 | 340 |
| INFY | 1940.05 | 1940 |
| IOC | 126.63 | 135 |
| IPCALAB | 1588.15 | 1640 |
| IRB | 51.27 | 55 |
| IRCTC | 757.75 | 790 |
| IRFC | 135.55 | 135 |
| ITC | 436.6 | 445 |
| JINDALSTEL | 909.9 | 940 |
| JIOFIN | 272.85 | 285 |
| JKCEMENT | 4388.55 | 4500 |
| JSL | 625.45 | 630 |
| JSWENERGY | 547.85 | 570 |
| JSWSTEEL | 906.05 | 920 |
| JUBLFOOD | 708.9 | 730 |
| KALYANKJIL | 596.4 | 640 |
| KEI | 4020.3 | 4200 |
| KOTAKBANK | 1750.6 | 1800 |
| KPITTECH | 1323.95 | 1400 |
| LALPATHLAB | 2803.05 | 2950 |
| LAURUSLABS | 568 | 590 |
| LICHSGFIN | 552.4 | 590 |
| LICI | 825.4 | 860 |
| LODHA | 1144.15 | 1260 |
| LT | 3462.6 | 3600 |
| LTF | 133.73 | 137.5 |
| LTIM | 5751.9 | 5800 |
| LTTS | 4706.55 | 4800 |
| LUPIN | 2154.6 | 2240 |
| M&M | 3049.5 | 3100 |
| M&MFIN | 266.8 | 270 |
| MANAPPURAM | 178.71 | 190 |
| MARICO | 661.1 | 660 |
| MARUTI | 11741.15 | 11600 |
| MAXHEALTH | 1084.9 | 1140 |
| MCX | 5694.05 | 6000 |
| METROPOLIS | 1872.05 | 2000 |
| MFSL | 1051.4 | 1100 |
| MGL | 1269.65 | 1280 |
| MOTHERSON | 145.58 | 155 |
| MPHASIS | 2780.25 | 2900 |
| MRF | 114213.4 | 118000 |
| MUTHOOTFIN | 2123.85 | 2140 |
| NATIONALUM | 199.51 | 210 |
| NAUKRI | 7457.75 | 8000 |
| NAVINFLUOR | 3631.85 | 3650 |
| NCC | 246.5 | 260 |
| NESTLEIND | 2219.05 | 2200 |
| NHPC | 76.39 | 78 |
| NMDC | 63.36 | 67 |
| NTPC | 310.4 | 320 |
| NYKAA | 164.93 | 167.5 |
| OBEROIRLTY | 1975.25 | 2120 |
| OFSS | 10747.1 | 11500 |
| OIL | 465.15 | 460 |
| ONGC | 260.37 | 257.5 |
| PAGEIND | 46471.5 | 47000 |
| PAYTM | 817.9 | 860 |
| PEL | 1026.05 | 1080 |
| PERSISTENT | 5880.1 | 6200 |
| PETRONET | 325.5 | 335 |
| PFC | 417.4 | 440 |
| PIDILITIND | 2808.95 | 2900 |
| PIIND | 3463.2 | 3600 |
| PNB | 98.41 | 102 |
| POLICYBZR | 1743.85 | 1850 |
| POLYCAB | 6474.7 | 6800 |
| POONAWALLA | 308.85 | 315 |
| POWERGRID | 290.25 | 305 |
| PRESTIGE | 1426.3 | 1550 |
| PVRINOX | 1086.25 | 1180 |
| RAMCOCEM | 884.1 | 930 |
| RBLBANK | 153.92 | 160 |
| RECLTD | 476.15 | 500 |
| RELIANCE | 1238.75 | 1250 |
| SAIL | 105.88 | 112.5 |
| SBICARD | 734.7 | 730 |
| SBILIFE | 1499.25 | 1440 |
| SBIN | 748.15 | 780 |
| SHREECEM | 25130.2 | 25750 |
| SHRIRAMFIN | 544.1 | 570 |
| SIEMENS | 5863.45 | 6200 |
| SJVN | 94.04 | 100 |
| SONACOMS | 569.9 | 580 |
| SRF | 2509.75 | 2560 |
| SUNPHARMA | 1770.85 | 1820 |
| SUNTV | 658 | 680 |
| SUPREMEIND | 4366.05 | 4500 |
| SYNGENE | 827.5 | 850 |
| TATACHEM | 965.5 | 1020 |
| TATACOMM | 1676.9 | 1740 |
| TATACONSUM | 963.15 | 950 |
| TATAELXSI | 6084.8 | 6200 |
| TATAMOTORS | 770.5 | 780 |
| TATAPOWER | 356.95 | 380 |
| TATASTEEL | 126.93 | 135 |
| TCS | 4233.05 | 4200 |
| TECHM | 1647.5 | 1680 |
| TIINDIA | 3321.3 | 3500 |
| TITAN | 3322.5 | 3400 |
| TORNTPHARM | 3252.4 | 3350 |
| TRENT | 6161.15 | 6700 |
| TVSMOTOR | 2235 | 2320 |
| UBL | 1965.3 | 1980 |
| ULTRACEMCO | 10483.75 | 11100 |
| UNIONBANK | 104.08 | 110 |
| UNITDSPR | 1407.25 | 1500 |
| UPL | 541.85 | 537.2 |
| VBL | 566.3 | 600 |
| VEDL | 430.6 | 450 |
| VOLTAS | 1637.65 | 1720 |
| WIPRO | 292.85 | 295 |
| YESBANK | 18.02 | 19 |
| ZOMATO | 233.6 | 250 |
| ZYDUSLIFE | 1000.15 | 1000 |
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.
