HAL
Hindustan Aeronautics LtdMax pain for HAL
14 Nov 2025 04:12 PM IST
Max Pain for HAL is 4800
Strike 3600 has a total call value of 0 versus a total put value of 295,206,000,000 Combined total value = 295,206,000,000
Strike 3650 has a total call value of 0 versus a total put value of 281,261,250,000 Combined total value = 281,261,250,000
Strike 3700 has a total call value of 0 versus a total put value of 267,316,500,000 Combined total value = 267,316,500,000
Strike 3750 has a total call value of 0 versus a total put value of 253,371,750,000 Combined total value = 253,371,750,000
Strike 3800 has a total call value of 0 versus a total put value of 239,427,000,000 Combined total value = 239,427,000,000
Strike 3850 has a total call value of 0 versus a total put value of 225,482,250,000 Combined total value = 225,482,250,000
Strike 3900 has a total call value of 0 versus a total put value of 211,537,500,000 Combined total value = 211,537,500,000
Strike 3950 has a total call value of 0 versus a total put value of 197,592,750,000 Combined total value = 197,592,750,000
Strike 4000 has a total call value of 0 versus a total put value of 183,648,000,000 Combined total value = 183,648,000,000
Strike 4050 has a total call value of 8,250,000 versus a total put value of 170,063,250,000 Combined total value = 170,071,500,000
Strike 4100 has a total call value of 16,500,000 versus a total put value of 156,478,500,000 Combined total value = 156,495,000,000
Strike 4150 has a total call value of 24,750,000 versus a total put value of 143,013,750,000 Combined total value = 143,038,500,000
Strike 4200 has a total call value of 33,000,000 versus a total put value of 129,573,000,000 Combined total value = 129,606,000,000
Strike 4250 has a total call value of 41,250,000 versus a total put value of 116,561,250,000 Combined total value = 116,602,500,000
Strike 4300 has a total call value of 49,500,000 versus a total put value of 103,624,500,000 Combined total value = 103,674,000,000
Strike 4350 has a total call value of 79,500,000 versus a total put value of 91,265,250,000 Combined total value = 91,344,750,000
Strike 4400 has a total call value of 109,500,000 versus a total put value of 79,059,000,000 Combined total value = 79,168,500,000
Strike 4450 has a total call value of 177,000,000 versus a total put value of 67,649,250,000 Combined total value = 67,826,250,000
Strike 4500 has a total call value of 244,500,000 versus a total put value of 56,490,000,000 Combined total value = 56,734,500,000
Strike 4550 has a total call value of 516,750,000 versus a total put value of 46,755,000,000 Combined total value = 47,271,750,000
Strike 4600 has a total call value of 867,750,000 versus a total put value of 37,505,250,000 Combined total value = 38,373,000,000
Strike 4650 has a total call value of 1,575,000,000 versus a total put value of 29,247,000,000 Combined total value = 30,822,000,000
Strike 4700 has a total call value of 2,533,500,000 versus a total put value of 21,541,500,000 Combined total value = 24,075,000,000
Strike 4750 has a total call value of 4,973,250,000 versus a total put value of 15,458,250,000 Combined total value = 20,431,500,000
Strike 4800 has a total call value of 8,768,250,000 versus a total put value of 10,195,500,000 Combined total value = 18,963,750,000
Strike 4850 has a total call value of 16,098,000,000 versus a total put value of 6,836,250,000 Combined total value = 22,934,250,000
Strike 4900 has a total call value of 24,989,250,000 versus a total put value of 4,131,750,000 Combined total value = 29,121,000,000
Strike 4950 has a total call value of 39,439,500,000 versus a total put value of 2,613,000,000 Combined total value = 42,052,500,000
Strike 5000 has a total call value of 54,942,750,000 versus a total put value of 1,264,500,000 Combined total value = 56,207,250,000
Strike 5050 has a total call value of 76,265,250,000 versus a total put value of 1,015,500,000 Combined total value = 77,280,750,000
Strike 5100 has a total call value of 98,095,500,000 versus a total put value of 783,000,000 Combined total value = 98,878,500,000
Strike 5150 has a total call value of 122,471,250,000 versus a total put value of 652,500,000 Combined total value = 123,123,750,000
Strike 5200 has a total call value of 147,378,000,000 versus a total put value of 522,000,000 Combined total value = 147,900,000,000
Strike 5250 has a total call value of 174,387,750,000 versus a total put value of 391,500,000 Combined total value = 174,779,250,000
Strike 5300 has a total call value of 201,627,000,000 versus a total put value of 261,000,000 Combined total value = 201,888,000,000
Strike 5350 has a total call value of 229,740,000,000 versus a total put value of 130,500,000 Combined total value = 229,870,500,000
Strike 5400 has a total call value of 258,018,750,000 versus a total put value of 0 Combined total value = 258,018,750,000
Strike 5450 has a total call value of 287,520,000,000 versus a total put value of 0 Combined total value = 287,520,000,000
Strike 5500 has a total call value of 317,021,250,000 versus a total put value of 0 Combined total value = 317,021,250,000
Strike 5550 has a total call value of 347,585,250,000 versus a total put value of 0 Combined total value = 347,585,250,000
Strike 5600 has a total call value of 378,149,250,000 versus a total put value of 0 Combined total value = 378,149,250,000
Max-Pain Table for Stocks
| Max Pain Table (Stocks) | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1065.4 | 1080 |
| ABB | 4952.5 | 5000 |
| ABCAPITAL | 331.4 | 325 |
| ADANIENSOL | 1023.85 | 1000 |
| ADANIENT | 2516.8 | 2460 |
| ADANIGREEN | 1068.8 | 1080 |
| ADANIPORTS | 1512.7 | 1460 |
| ALKEM | 5722.5 | 5750 |
| AMBER | 7376 | 7300 |
| AMBUJACEM | 563.2 | 570 |
| ANGELONE | 2745.3 | 2650 |
| APLAPOLLO | 1763.3 | 1800 |
| APOLLOHOSP | 7420.5 | 7500 |
| ASHOKLEY | 148.26 | 145 |
| ASIANPAINT | 2906.4 | 2800 |
| ASTRAL | 1514 | 1520 |
| AUBANK | 890.6 | 890 |
| AUROPHARMA | 1222.5 | 1200 |
| AXISBANK | 1241.6 | 1230 |
| BAJAJ-AUTO | 8843 | 8900 |
| BAJAJFINSV | 2065.8 | 2040 |
| BAJFINANCE | 1018.5 | 1020 |
| BANDHANBNK | 154.59 | 160 |
| BANKBARODA | 286.75 | 280 |
| BANKINDIA | 146.52 | 143 |
| BDL | 1613.8 | 1600 |
| BEL | 426.85 | 420 |
| BHARATFORG | 1396.7 | 1360 |
| BHARTIARTL | 2100.7 | 2060 |
| BHEL | 281.6 | 275 |
| BIOCON | 411.15 | 400 |
| BLUESTARCO | 1768.4 | 1800 |
| BOSCHLTD | 36955 | 37000 |
| BPCL | 371.15 | 362.5 |
| BRITANNIA | 5803.5 | 5850 |
| BSE | 2827.6 | 2700 |
| CAMS | 3938 | 3950 |
| CANBK | 146.07 | 140 |
| CDSL | 1625.8 | 1620 |
| CGPOWER | 743.5 | 740 |
| CHOLAFIN | 1714.6 | 1720 |
| CIPLA | 1532.1 | 1530 |
| COALINDIA | 386.95 | 382.25 |
| COFORGE | 1799.6 | 1800 |
| COLPAL | 2172.7 | 2200 |
| CONCOR | 518.85 | 530 |
| CROMPTON | 276.15 | 290 |
| CUMMINSIND | 4283.2 | 4300 |
| CYIENT | 1131.6 | 1160 |
| DABUR | 525 | 510 |
| DALBHARAT | 2032.6 | 2060 |
| DELHIVERY | 436.4 | 435 |
| DIVISLAB | 6511.5 | 6600 |
| DIXON | 15419 | 15500 |
| DLF | 764.85 | 770 |
| DMART | 4053.7 | 4100 |
| DRREDDY | 1246 | 1210 |
| EICHERMOT | 6695 | 6800 |
| ETERNAL | 303.75 | 310 |
| EXIDEIND | 381 | 385 |
| FEDERALBNK | 236.26 | 235 |
| FORTIS | 937.7 | 960 |
| GAIL | 183.41 | 182.5 |
| GLENMARK | 1895.6 | 1900 |
| GMRAIRPORT | 95.67 | 95 |
| GODREJCP | 1146.5 | 1140 |
| GODREJPROP | 2195.8 | 2200 |
| GRASIM | 2783.4 | 2800 |
| HAL | 4729.8 | 4800 |
| HAVELLS | 1469.4 | 1500 |
| HCLTECH | 1594.6 | 1560 |
| HDFCAMC | 5413 | 5500 |
| HDFCBANK | 989.6 | 990 |
| HDFCLIFE | 773.7 | 760 |
| HEROMOTOCO | 5538.5 | 5550 |
| HFCL | 75.86 | 76 |
| HINDALCO | 803.65 | 800 |
| HINDPETRO | 481.25 | 470 |
| HINDUNILVR | 2427.7 | 2460 |
| HINDZINC | 487.05 | 490 |
| HUDCO | 227.49 | 230 |
| ICICIBANK | 1373 | 1380 |
| ICICIGI | 2005.1 | 2020 |
| ICICIPRULI | 629.45 | 610 |
| IDEA | 10.94 | 10 |
| IDFCFIRSTB | 80.43 | 80 |
| IEX | 137.55 | 142.5 |
| IGL | 212.66 | 212.5 |
| IIFL | 547.3 | 540 |
| INDHOTEL | 720.8 | 730 |
| INDIANB | 868.45 | 850 |
| INDIGO | 5908.5 | 5800 |
| INDUSINDBK | 848.25 | 800 |
| INDUSTOWER | 412.35 | 390 |
| INFY | 1502.8 | 1500 |
| INOXWIND | 148.69 | 150 |
| IOC | 171.25 | 165 |
| IRCTC | 705.3 | 710 |
| IREDA | 149.61 | 150 |
| IRFC | 121.01 | 123 |
| ITC | 408.15 | 410 |
| JINDALSTEL | 1076.2 | 1080 |
| JIOFIN | 314.9 | 310 |
| JSWENERGY | 528.8 | 530 |
| JSWSTEEL | 1167.8 | 1170 |
| JUBLFOOD | 615.3 | 600 |
| KALYANKJIL | 495.5 | 500 |
| KAYNES | 6332 | 6500 |
| KEI | 4112.8 | 4100 |
| KFINTECH | 1084.1 | 1100 |
| KOTAKBANK | 2079.7 | 2100 |
| KPITTECH | 1222.2 | 1200 |
| LAURUSLABS | 999 | 960 |
| LICHSGFIN | 567.7 | 580 |
| LICI | 909.45 | 910 |
| LODHA | 1209.5 | 1200 |
| LT | 4004.4 | 3960 |
| LTF | 294.15 | 292.5 |
| LTIM | 5809 | 5700 |
| LUPIN | 2055.3 | 2000 |
| M&M | 3698.6 | 3600 |
| MANAPPURAM | 281.15 | 275 |
| MANKIND | 2267.1 | 2300 |
| MARICO | 738.7 | 730 |
| MARUTI | 15684 | 15700 |
| MAXHEALTH | 1103.1 | 1120 |
| MAZDOCK | 2782.1 | 2800 |
| MCX | 9666.5 | 9400 |
| MFSL | 1673.4 | 1660 |
| MOTHERSON | 109.84 | 108 |
| MPHASIS | 2772.1 | 2800 |
| MUTHOOTFIN | 3725.6 | 3700 |
| NATIONALUM | 262.57 | 260 |
| NAUKRI | 1323.5 | 1360 |
| NBCC | 114.14 | 110 |
| NCC | 184.13 | 190 |
| NESTLEIND | 1271.6 | 1270 |
| NHPC | 80.3 | 82 |
| NMDC | 76.55 | 77 |
| NTPC | 328.45 | 332.5 |
| NUVAMA | 7339.5 | 7300 |
| NYKAA | 260.13 | 255 |
| OBEROIRLTY | 1752.4 | 1740 |
| OFSS | 8223.5 | 8400 |
| OIL | 436.85 | 430 |
| ONGC | 247.6 | 244 |
| PAGEIND | 39765 | 40000 |
| PATANJALI | 587.8 | 585 |
| PAYTM | 1299.2 | 1300 |
| PERSISTENT | 6101 | 6000 |
| PETRONET | 273.6 | 283 |
| PFC | 374.6 | 390 |
| PGEL | 578.1 | 560 |
| PHOENIXLTD | 1736.4 | 1720 |
| PIDILITIND | 1459.8 | 1480 |
| PIIND | 3560.5 | 3600 |
| PNB | 122.21 | 120 |
| PNBHOUSING | 915.4 | 910 |
| POLICYBZR | 1738.6 | 1780 |
| POLYCAB | 7632 | 7700 |
| POWERGRID | 271.3 | 280 |
| POWERINDIA | 21466 | 21000 |
| PPLPHARMA | 194.03 | 197.5 |
| PRESTIGE | 1744.9 | 1740 |
| RBLBANK | 318.65 | 320 |
| RECLTD | 358.05 | 370 |
| RELIANCE | 1518.9 | 1500 |
| RVNL | 321.05 | 320 |
| SAIL | 141.99 | 140 |
| SAMMAANCAP | 176.14 | 180 |
| SBICARD | 874.95 | 890 |
| SBILIFE | 2000.9 | 1980 |
| SBIN | 967.85 | 955 |
| SHREECEM | 26700 | 27250 |
| SHRIRAMFIN | 809.3 | 800 |
| SIEMENS | 3084.2 | 3100 |
| SOLARINDS | 13880 | 14000 |
| SONACOMS | 485.6 | 485 |
| SRF | 2839.1 | 2900 |
| SUNPHARMA | 1757.1 | 1720 |
| SUPREMEIND | 3709.8 | 3800 |
| SUZLON | 57.68 | 58 |
| SYNGENE | 654.4 | 650 |
| TATACONSUM | 1157.8 | 1160 |
| TATAELXSI | 5266.5 | 5300 |
| TATAMOTORS | 0 | 320 |
| TATAPOWER | 388.4 | 395 |
| TATASTEEL | 174.26 | 177.5 |
| TATATECH | 679.85 | 700 |
| TCS | 3106 | 3100 |
| TECHM | 1439.2 | 1460 |
| TIINDIA | 3067.6 | 3000 |
| TITAGARH | 866.45 | 880 |
| TITAN | 3829.2 | 3780 |
| TMPV | 391.2 | 400 |
| TORNTPHARM | 3831.8 | 3800 |
| TORNTPOWER | 1301 | 1300 |
| TRENT | 4391.2 | 4500 |
| TVSMOTOR | 3386.5 | 3500 |
| ULTRACEMCO | 11874 | 12000 |
| UNIONBANK | 152.76 | 150 |
| UNITDSPR | 1429.4 | 1420 |
| UNOMINDA | 1307.2 | 1280 |
| UPL | 758.6 | 740 |
| VBL | 459.4 | 465 |
| VEDL | 525.35 | 515 |
| VOLTAS | 1350.9 | 1340 |
| WIPRO | 244.37 | 245 |
| YESBANK | 22.5 | 23 |
| ZYDUSLIFE | 944.45 | 960 |
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.
































































































































































































































