HAL
Hindustan Aeronautics Ltd
Max pain for HAL
16 Jun 2025 12:42 PM ISTNext Refresh in
Max Pain for HAL is 5000
Strike 3600 has a total call value of 0 versus a total put value of 623,023,500,000 Combined total value = 623,023,500,000
Strike 3650 has a total call value of 0 versus a total put value of 598,461,000,000 Combined total value = 598,461,000,000
Strike 3700 has a total call value of 0 versus a total put value of 573,898,500,000 Combined total value = 573,898,500,000
Strike 3750 has a total call value of 14,250,000 versus a total put value of 549,336,000,000 Combined total value = 549,350,250,000
Strike 3800 has a total call value of 28,500,000 versus a total put value of 524,773,500,000 Combined total value = 524,802,000,000
Strike 3850 has a total call value of 93,000,000 versus a total put value of 500,312,250,000 Combined total value = 500,405,250,000
Strike 3900 has a total call value of 157,500,000 versus a total put value of 475,857,000,000 Combined total value = 476,014,500,000
Strike 3950 has a total call value of 222,000,000 versus a total put value of 451,401,750,000 Combined total value = 451,623,750,000
Strike 4000 has a total call value of 286,500,000 versus a total put value of 426,946,500,000 Combined total value = 427,233,000,000
Strike 4050 has a total call value of 506,250,000 versus a total put value of 402,841,500,000 Combined total value = 403,347,750,000
Strike 4100 has a total call value of 726,000,000 versus a total put value of 378,736,500,000 Combined total value = 379,462,500,000
Strike 4150 has a total call value of 957,750,000 versus a total put value of 354,783,000,000 Combined total value = 355,740,750,000
Strike 4200 has a total call value of 1,189,500,000 versus a total put value of 330,829,500,000 Combined total value = 332,019,000,000
Strike 4250 has a total call value of 1,421,250,000 versus a total put value of 307,224,750,000 Combined total value = 308,646,000,000
Strike 4300 has a total call value of 1,653,000,000 versus a total put value of 283,650,000,000 Combined total value = 285,303,000,000
Strike 4350 has a total call value of 1,884,750,000 versus a total put value of 260,320,500,000 Combined total value = 262,205,250,000
Strike 4400 has a total call value of 2,116,500,000 versus a total put value of 237,041,250,000 Combined total value = 239,157,750,000
Strike 4450 has a total call value of 2,415,000,000 versus a total put value of 214,472,250,000 Combined total value = 216,887,250,000
Strike 4500 has a total call value of 2,725,500,000 versus a total put value of 191,966,250,000 Combined total value = 194,691,750,000
Strike 4550 has a total call value of 3,414,000,000 versus a total put value of 170,655,750,000 Combined total value = 174,069,750,000
Strike 4600 has a total call value of 4,112,250,000 versus a total put value of 149,540,250,000 Combined total value = 153,652,500,000
Strike 4650 has a total call value of 4,945,500,000 versus a total put value of 129,296,250,000 Combined total value = 134,241,750,000
Strike 4700 has a total call value of 5,828,250,000 versus a total put value of 109,285,500,000 Combined total value = 115,113,750,000
Strike 4750 has a total call value of 7,173,000,000 versus a total put value of 91,359,000,000 Combined total value = 98,532,000,000
Strike 4800 has a total call value of 8,517,750,000 versus a total put value of 74,020,500,000 Combined total value = 82,538,250,000
Strike 4850 has a total call value of 10,983,750,000 versus a total put value of 59,649,750,000 Combined total value = 70,633,500,000
Strike 4900 has a total call value of 13,592,250,000 versus a total put value of 45,726,750,000 Combined total value = 59,319,000,000
Strike 4950 has a total call value of 16,794,750,000 versus a total put value of 34,033,500,000 Combined total value = 50,828,250,000
Strike 5000 has a total call value of 20,406,750,000 versus a total put value of 22,991,250,000 Combined total value = 43,398,000,000
Strike 5050 has a total call value of 29,518,500,000 versus a total put value of 16,215,000,000 Combined total value = 45,733,500,000
Strike 5100 has a total call value of 40,825,500,000 versus a total put value of 10,745,250,000 Combined total value = 51,570,750,000
Strike 5150 has a total call value of 61,182,750,000 versus a total put value of 7,686,000,000 Combined total value = 68,868,750,000
Strike 5200 has a total call value of 83,952,000,000 versus a total put value of 5,192,250,000 Combined total value = 89,144,250,000
Strike 5250 has a total call value of 113,982,000,000 versus a total put value of 3,929,250,000 Combined total value = 117,911,250,000
Strike 5300 has a total call value of 145,065,000,000 versus a total put value of 2,835,000,000 Combined total value = 147,900,000,000
Strike 5350 has a total call value of 179,799,750,000 versus a total put value of 2,028,750,000 Combined total value = 181,828,500,000
Strike 5400 has a total call value of 215,358,750,000 versus a total put value of 1,329,000,000 Combined total value = 216,687,750,000
Strike 5450 has a total call value of 254,935,500,000 versus a total put value of 884,250,000 Combined total value = 255,819,750,000
Strike 5500 has a total call value of 294,927,750,000 versus a total put value of 492,750,000 Combined total value = 295,420,500,000
Strike 5550 has a total call value of 340,638,750,000 versus a total put value of 343,500,000 Combined total value = 340,982,250,000
Strike 5600 has a total call value of 386,865,750,000 versus a total put value of 209,250,000 Combined total value = 387,075,000,000
Strike 5650 has a total call value of 434,835,750,000 versus a total put value of 140,250,000 Combined total value = 434,976,000,000
Strike 5700 has a total call value of 483,038,250,000 versus a total put value of 72,000,000 Combined total value = 483,110,250,000
Strike 5750 has a total call value of 532,484,250,000 versus a total put value of 30,750,000 Combined total value = 532,515,000,000
Strike 5800 has a total call value of 582,476,250,000 versus a total put value of 0 Combined total value = 582,476,250,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 454.4 | 470 |
| ABB | 6007 | 6000 |
| ABCAPITAL | 245.83 | 237.5 |
| ABFRL | 74.32 | 80 |
| ACC | 1861.8 | 1900 |
| ADANIENSOL | 860.15 | 880 |
| ADANIENT | 2546.3 | 2600 |
| ADANIGREEN | 991.7 | 1020 |
| ADANIPORTS | 1399.4 | 1420 |
| ALKEM | 4846 | 4900 |
| AMBUJACEM | 546.6 | 560 |
| ANGELONE | 2896.9 | 3000 |
| APLAPOLLO | 1839.8 | 1840 |
| APOLLOHOSP | 7080 | 7000 |
| ASHOKLEY | 235.3 | 240 |
| ASIANPAINT | 2233.3 | 2260 |
| ASTRAL | 1538.6 | 1500 |
| ATGL | 657.35 | 680 |
| AUBANK | 778.05 | 760 |
| AUROPHARMA | 1143.8 | 1160 |
| AXISBANK | 1213.8 | 1200 |
| BAJAJ-AUTO | 8579.5 | 8600 |
| BAJAJFINSV | 2021.1 | 2000 |
| BAJFINANCE | 940 | 940 |
| BALKRISIND | 2452.8 | 2460 |
| BANDHANBNK | 176 | 175 |
| BANKBARODA | 239.21 | 241.65 |
| BANKINDIA | 120.45 | 120 |
| BDL | 1869 | 1900 |
| BEL | 400.35 | 390 |
| BHARATFORG | 1314.1 | 1300 |
| BHARTIARTL | 1862.7 | 1860 |
| BHEL | 253.5 | 255 |
| BIOCON | 354.45 | 350 |
| BLUESTARCO | 1660.1 | 1600 |
| BOSCHLTD | 31965 | 32000 |
| BPCL | 310.6 | 315 |
| BRITANNIA | 5542.5 | 5550 |
| BSE | 2700 | 2700 |
| BSOFT | 417.95 | 420 |
| CAMS | 3988.7 | 4100 |
| CANBK | 111.11 | 111 |
| CDSL | 1660.8 | 1700 |
| CESC | 167.64 | 167.5 |
| CGPOWER | 681.25 | 690 |
| CHAMBLFERT | 551.45 | 560 |
| CHOLAFIN | 1563.5 | 1580 |
| CIPLA | 1533 | 1520 |
| COALINDIA | 393 | 400 |
| COFORGE | 1845.5 | 1760 |
| COLPAL | 2376.8 | 2460 |
| CONCOR | 762.85 | 780 |
| CROMPTON | 346.6 | 350 |
| CUMMINSIND | 3312 | 3300 |
| CYIENT | 1308.5 | 1340 |
| DABUR | 471.85 | 475 |
| DALBHARAT | 2102.2 | 2100 |
| DELHIVERY | 362.55 | 365 |
| DIVISLAB | 6661.5 | 6700 |
| DIXON | 14323 | 14750 |
| DLF | 855.9 | 840 |
| DMART | 4017 | 4100 |
| DRREDDY | 1349.2 | 1310 |
| EICHERMOT | 5374 | 5350 |
| ETERNAL | 251.39 | 250 |
| EXIDEIND | 384.7 | 390 |
| FEDERALBNK | 204.66 | 207.5 |
| FORTIS | 763.15 | 750 |
| GAIL | 191.31 | 195 |
| GLENMARK | 1677.7 | 1600 |
| GMRAIRPORT | 82.43 | 85 |
| GODREJCP | 1189.4 | 1220 |
| GODREJPROP | 2423.2 | 2350 |
| GRANULES | 513 | 530 |
| GRASIM | 2706.8 | 2660 |
| HAL | 5037.6 | 5000 |
| HAVELLS | 1549.1 | 1560 |
| HCLTECH | 1722.8 | 1680 |
| HDFCAMC | 4991.3 | 5000 |
| HDFCBANK | 1935 | 1940 |
| HDFCLIFE | 769.1 | 760 |
| HEROMOTOCO | 4388.8 | 4300 |
| HFCL | 84.99 | 89 |
| HINDALCO | 648.25 | 650 |
| HINDCOPPER | 259.54 | 250 |
| HINDPETRO | 389.5 | 400 |
| HINDUNILVR | 2329.4 | 2360 |
| HINDZINC | 512.75 | 500 |
| HUDCO | 225.95 | 240 |
| ICICIBANK | 1425 | 1440 |
| ICICIGI | 1940.7 | 1940 |
| ICICIPRULI | 637.15 | 640 |
| IDEA | 6.68 | 7 |
| IDFCFIRSTB | 70.36 | 70 |
| IEX | 187.96 | 197.5 |
| IGL | 206.62 | 205 |
| IIFL | 476.35 | 470 |
| INDHOTEL | 752.4 | 760 |
| INDIANB | 631.9 | 620 |
| INDIGO | 5324.5 | 5400 |
| INDUSINDBK | 821.7 | 820 |
| INDUSTOWER | 389.45 | 390 |
| INFY | 1625 | 1580 |
| INOXWIND | 171.95 | 180 |
| IOC | 140.25 | 143 |
| IRB | 49.52 | 51 |
| IRCTC | 764.7 | 780 |
| IREDA | 167.8 | 172.5 |
| IRFC | 138.66 | 140 |
| ITC | 417.85 | 420 |
| JINDALSTEL | 927.35 | 950 |
| JIOFIN | 293.45 | 295 |
| JSL | 709.15 | 700 |
| JSWENERGY | 511.65 | 510 |
| JSWSTEEL | 1002.25 | 1000 |
| JUBLFOOD | 689.15 | 680 |
| KALYANKJIL | 519.65 | 530 |
| KAYNES | 5415 | 5500 |
| KEI | 3644.6 | 3600 |
| KOTAKBANK | 2138.8 | 2100 |
| KPITTECH | 1391 | 1360 |
| LAURUSLABS | 679.65 | 650 |
| LICHSGFIN | 602.8 | 600 |
| LICI | 943.95 | 950 |
| LODHA | 1458.9 | 1460 |
| LT | 3648.6 | 3620 |
| LTF | 190.06 | 185 |
| LTIM | 5450.5 | 5300 |
| LUPIN | 2013 | 2000 |
| M&M | 3034.5 | 3050 |
| M&MFIN | 272.45 | 270 |
| MANAPPURAM | 280.18 | 240 |
| MANKIND | 2363.5 | 2350 |
| MARICO | 687.05 | 700 |
| MARUTI | 12555 | 12400 |
| MAXHEALTH | 1241.8 | 1200 |
| MAZDOCK | 3146.2 | 3200 |
| MCX | 7803.5 | 7500 |
| MFSL | 1564.7 | 1520 |
| MGL | 1377.3 | 1360 |
| MOTHERSON | 153.04 | 155 |
| MPHASIS | 2684.6 | 2620 |
| MUTHOOTFIN | 2618.7 | 2500 |
| NATIONALUM | 187.27 | 190 |
| NAUKRI | 1488.4 | 1500 |
| NBCC | 119.97 | 120 |
| NCC | 227.76 | 235 |
| NESTLEIND | 2389.1 | 2400 |
| NHPC | 86.26 | 88 |
| NMDC | 69.93 | 72 |
| NTPC | 332.1 | 340 |
| NYKAA | 194.31 | 197.5 |
| OBEROIRLTY | 1912 | 1860 |
| OFSS | 9643 | 9200 |
| OIL | 483.65 | 460 |
| ONGC | 255.01 | 250 |
| PAGEIND | 45735 | 46000 |
| PATANJALI | 1680 | 1700 |
| PAYTM | 879.7 | 900 |
| PEL | 1139 | 1140 |
| PERSISTENT | 6006.5 | 5800 |
| PETRONET | 299.7 | 310 |
| PFC | 405.5 | 410 |
| PHOENIXLTD | 1599.5 | 1600 |
| PIDILITIND | 3009.3 | 3020 |
| PIIND | 4140 | 4000 |
| PNB | 106.42 | 107 |
| PNBHOUSING | 1065.3 | 1080 |
| POLICYBZR | 1880.7 | 1860 |
| POLYCAB | 6091.5 | 6000 |
| POONAWALLA | 417.5 | 415 |
| POWERGRID | 288.05 | 295 |
| PPLPHARMA | 199.8 | 205 |
| PRESTIGE | 1680.2 | 1600 |
| RBLBANK | 218.95 | 217.5 |
| RECLTD | 401.9 | 410 |
| RELIANCE | 1439.7 | 1440 |
| RVNL | 406.95 | 420 |
| SAIL | 129.26 | 130 |
| SBICARD | 1007.3 | 980 |
| SBILIFE | 1795.2 | 1780 |
| SBIN | 792.95 | 810 |
| SHREECEM | 29705 | 29750 |
| SHRIRAMFIN | 676 | 670 |
| SIEMENS | 3266.5 | 3300 |
| SJVN | 97.98 | 100 |
| SOLARINDS | 16968 | 16500 |
| SONACOMS | 503.25 | 510 |
| SRF | 3083.1 | 3050 |
| SUNPHARMA | 1686.1 | 1680 |
| SUPREMEIND | 4384.6 | 4300 |
| SYNGENE | 657.3 | 650 |
| TATACHEM | 934.2 | 920 |
| TATACOMM | 1702.8 | 1700 |
| TATACONSUM | 1077.6 | 1090 |
| TATAELXSI | 6381 | 6400 |
| TATAMOTORS | 685.25 | 700 |
| TATAPOWER | 398.7 | 400 |
| TATASTEEL | 154.1 | 155 |
| TATATECH | 743.55 | 750 |
| TCS | 3502.9 | 3460 |
| TECHM | 1698.6 | 1620 |
| TIINDIA | 3004.4 | 3000 |
| TITAGARH | 894.7 | 920 |
| TITAN | 3435.4 | 3500 |
| TORNTPHARM | 3257.1 | 3200 |
| TORNTPOWER | 1415.7 | 1400 |
| TRENT | 5675 | 5700 |
| TVSMOTOR | 2782.2 | 2760 |
| ULTRACEMCO | 11448 | 11300 |
| UNIONBANK | 146.42 | 150 |
| UNITDSPR | 1464.8 | 1500 |
| UNOMINDA | 1049.5 | 1060 |
| UPL | 640.4 | 640 |
| USDINR | 86.18 | 86 |
| VBL | 465.5 | 480 |
| VEDL | 464.25 | 450 |
| VOLTAS | 1296 | 1280 |
| WIPRO | 261.39 | 257.5 |
| YESBANK | 20.19 | 21 |
| ZOMATO | 0 | 200 |
| ZYDUSLIFE | 969 | 970 |
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.
