HAL
Hindustan Aeronautics Ltd
Max pain for HAL
17 Feb 2025 04:12 PM IST
Max Pain for HAL is 3650
Strike 2800 has a total call value of 0 versus a total put value of 367,477,500,000 Combined total value = 367,477,500,000
Strike 2850 has a total call value of 0 versus a total put value of 346,167,750,000 Combined total value = 346,167,750,000
Strike 2900 has a total call value of 0 versus a total put value of 324,858,000,000 Combined total value = 324,858,000,000
Strike 2950 has a total call value of 0 versus a total put value of 303,784,500,000 Combined total value = 303,784,500,000
Strike 3000 has a total call value of 0 versus a total put value of 282,711,000,000 Combined total value = 282,711,000,000
Strike 3050 has a total call value of 17,250,000 versus a total put value of 262,668,000,000 Combined total value = 262,685,250,000
Strike 3100 has a total call value of 34,500,000 versus a total put value of 242,817,750,000 Combined total value = 242,852,250,000
Strike 3150 has a total call value of 51,750,000 versus a total put value of 223,586,250,000 Combined total value = 223,638,000,000
Strike 3200 has a total call value of 69,000,000 versus a total put value of 204,688,500,000 Combined total value = 204,757,500,000
Strike 3250 has a total call value of 135,750,000 versus a total put value of 186,866,250,000 Combined total value = 187,002,000,000
Strike 3300 has a total call value of 219,000,000 versus a total put value of 169,594,500,000 Combined total value = 169,813,500,000
Strike 3350 has a total call value of 376,500,000 versus a total put value of 153,948,000,000 Combined total value = 154,324,500,000
Strike 3400 has a total call value of 636,000,000 versus a total put value of 138,763,500,000 Combined total value = 139,399,500,000
Strike 3450 has a total call value of 1,514,250,000 versus a total put value of 124,951,500,000 Combined total value = 126,465,750,000
Strike 3500 has a total call value of 3,018,000,000 versus a total put value of 111,866,250,000 Combined total value = 114,884,250,000
Strike 3550 has a total call value of 6,789,750,000 versus a total put value of 100,552,500,000 Combined total value = 107,342,250,000
Strike 3600 has a total call value of 11,791,500,000 versus a total put value of 90,109,500,000 Combined total value = 101,901,000,000
Strike 3650 has a total call value of 19,431,750,000 versus a total put value of 80,769,000,000 Combined total value = 100,200,750,000
Strike 3700 has a total call value of 28,799,250,000 versus a total put value of 71,969,250,000 Combined total value = 100,768,500,000
Strike 3750 has a total call value of 42,319,500,000 versus a total put value of 64,216,500,000 Combined total value = 106,536,000,000
Strike 3800 has a total call value of 57,384,750,000 versus a total put value of 56,985,750,000 Combined total value = 114,370,500,000
Strike 3850 has a total call value of 76,662,750,000 versus a total put value of 51,306,750,000 Combined total value = 127,969,500,000
Strike 3900 has a total call value of 97,586,250,000 versus a total put value of 45,962,250,000 Combined total value = 143,548,500,000
Strike 3950 has a total call value of 121,575,000,000 versus a total put value of 41,170,500,000 Combined total value = 162,745,500,000
Strike 4000 has a total call value of 146,544,000,000 versus a total put value of 36,378,750,000 Combined total value = 182,922,750,000
Strike 4050 has a total call value of 179,855,250,000 versus a total put value of 32,538,000,000 Combined total value = 212,393,250,000
Strike 4100 has a total call value of 214,459,500,000 versus a total put value of 28,980,750,000 Combined total value = 243,440,250,000
Strike 4150 has a total call value of 252,333,000,000 versus a total put value of 25,757,250,000 Combined total value = 278,090,250,000
Strike 4200 has a total call value of 290,833,500,000 versus a total put value of 22,624,500,000 Combined total value = 313,458,000,000
Strike 4250 has a total call value of 332,952,750,000 versus a total put value of 19,887,750,000 Combined total value = 352,840,500,000
Strike 4300 has a total call value of 375,868,500,000 versus a total put value of 17,151,000,000 Combined total value = 393,019,500,000
Strike 4350 has a total call value of 420,402,750,000 versus a total put value of 14,829,750,000 Combined total value = 435,232,500,000
Strike 4400 has a total call value of 465,223,500,000 versus a total put value of 12,508,500,000 Combined total value = 477,732,000,000
Strike 4450 has a total call value of 511,749,000,000 versus a total put value of 10,456,500,000 Combined total value = 522,205,500,000
Strike 4500 has a total call value of 558,470,250,000 versus a total put value of 8,404,500,000 Combined total value = 566,874,750,000
Strike 4550 has a total call value of 609,317,250,000 versus a total put value of 6,964,500,000 Combined total value = 616,281,750,000
Strike 4600 has a total call value of 660,231,750,000 versus a total put value of 5,524,500,000 Combined total value = 665,756,250,000
Strike 4650 has a total call value of 712,139,250,000 versus a total put value of 4,263,000,000 Combined total value = 716,402,250,000
Strike 4700 has a total call value of 764,102,250,000 versus a total put value of 3,001,500,000 Combined total value = 767,103,750,000
Strike 4750 has a total call value of 816,624,750,000 versus a total put value of 2,088,000,000 Combined total value = 818,712,750,000
Strike 4800 has a total call value of 869,147,250,000 versus a total put value of 1,174,500,000 Combined total value = 870,321,750,000
Strike 4850 has a total call value of 922,124,250,000 versus a total put value of 587,250,000 Combined total value = 922,711,500,000
Strike 4900 has a total call value of 975,101,250,000 versus a total put value of 0 Combined total value = 975,101,250,000
Strike 4950 has a total call value of 1,028,722,500,000 versus a total put value of 0 Combined total value = 1,028,722,500,000
Strike 5000 has a total call value of 1,082,343,750,000 versus a total put value of 0 Combined total value = 1,082,343,750,000
Strike 5050 has a total call value of 1,137,592,500,000 versus a total put value of 0 Combined total value = 1,137,592,500,000
Strike 5100 has a total call value of 1,192,841,250,000 versus a total put value of 0 Combined total value = 1,192,841,250,000
Strike 5150 has a total call value of 1,248,090,000,000 versus a total put value of 0 Combined total value = 1,248,090,000,000
Strike 5200 has a total call value of 1,303,338,750,000 versus a total put value of 0 Combined total value = 1,303,338,750,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 418.3 | 440 |
ABB | 5241.9 | 5400 |
ABBOTINDIA | 28569.5 | 28000 |
ABCAPITAL | 153.97 | 170 |
ABFRL | 255.55 | 265 |
ACC | 1911.5 | 2040 |
ADANIENSOL | 702 | 740 |
ADANIENT | 2223.7 | 2340 |
ADANIGREEN | 890.35 | 900 |
ADANIPORTS | 1082.9 | 1100 |
ALKEM | 4794.3 | 4800 |
AMBUJACEM | 488.3 | 505 |
ANGELONE | 2211.6 | 2300 |
APLAPOLLO | 1333.75 | 1440 |
APOLLOHOSP | 6300.2 | 6400 |
APOLLOTYRE | 416.3 | 420 |
ASHOKLEY | 223.61 | 217.5 |
ASIANPAINT | 2250.85 | 2280 |
ASTRAL | 1384.5 | 1440 |
ATGL | 574.45 | 600 |
ATUL | 5402.85 | 5600 |
AUBANK | 522.05 | 550 |
AUROPHARMA | 1169.6 | 1180 |
AXISBANK | 992.95 | 1000 |
BAJAJ-AUTO | 8537.15 | 8800 |
BAJAJFINSV | 1894.85 | 1820 |
BAJFINANCE | 8426.6 | 8200 |
BALKRISIND | 2670.55 | 2700 |
BANDHANBNK | 132.82 | 150 |
BANKBARODA | 206.96 | 220 |
BANKINDIA | 99.03 | 100 |
BATAINDIA | 1296.3 | 1340 |
BEL | 248.5 | 265 |
BERGEPAINT | 483.7 | 480 |
BHARATFORG | 1082.65 | 1100 |
BHARTIARTL | 1675.55 | 1680 |
BHEL | 193.47 | 200 |
BIOCON | 347.55 | 360 |
BOSCHLTD | 26911.25 | 29000 |
BPCL | 252.3 | 260 |
BRITANNIA | 4963.7 | 4950 |
BSE | 5208.7 | 5300 |
BSOFT | 477.5 | 500 |
CAMS | 3381.8 | 3500 |
CANBK | 85.09 | 91 |
CANFINHOME | 608.85 | 640 |
CDSL | 1206.95 | 1240 |
CESC | 125.92 | 130 |
CGPOWER | 583 | 590 |
CHAMBLFERT | 542.8 | 530 |
CHOLAFIN | 1356.95 | 1340 |
CIPLA | 1474.65 | 1460 |
COALINDIA | 360.1 | 375 |
COFORGE | 7683.95 | 8100 |
COLPAL | 2462.4 | 2560 |
CONCOR | 703.35 | 740 |
COROMANDEL | 1707.55 | 1800 |
CROMPTON | 332.6 | 345 |
CUB | 160.85 | 165 |
CUMMINSIND | 2721.45 | 2800 |
CYIENT | 1439.3 | 1420 |
DABUR | 520.55 | 530 |
DALBHARAT | 1808.15 | 1820 |
DEEPAKNTR | 1898.5 | 2000 |
DELHIVERY | 267.35 | 280 |
DIVISLAB | 5923.75 | 5950 |
DIXON | 14199.5 | 14500 |
DLF | 674.75 | 700 |
DMART | 3621.5 | 3750 |
DRREDDY | 1198.95 | 1200 |
EICHERMOT | 4745.2 | 4950 |
ESCORTS | 2972.15 | 3150 |
EXIDEIND | 361.8 | 375 |
FEDERALBNK | 181.54 | 185 |
GAIL | 160.17 | 166 |
GLENMARK | 1373.8 | 1380 |
GMRAIRPORT | 70.26 | 73 |
GMRINFRA | 0 | 76 |
GNFC | 557.1 | 560 |
GODREJCP | 1039.25 | 1070 |
GODREJPROP | 1974.05 | 2100 |
GRANULES | 522.25 | 540 |
GRASIM | 2463.85 | 2500 |
GUJGASLTD | 391.45 | 415 |
HAL | 3475.7 | 3650 |
HAVELLS | 1532.55 | 1560 |
HCLTECH | 1709.9 | 1720 |
HDFCAMC | 3730.55 | 3800 |
HDFCBANK | 1717.35 | 1700 |
HDFCLIFE | 623.25 | 630 |
HEROMOTOCO | 3876.45 | 4050 |
HFCL | 87.03 | 95 |
HINDALCO | 610.85 | 600 |
HINDCOPPER | 215.33 | 235 |
HINDPETRO | 318.1 | 330 |
HINDUNILVR | 2329.4 | 2380 |
HUDCO | 183.21 | 195 |
ICICIBANK | 1251.15 | 1250 |
ICICIGI | 1725.05 | 1800 |
ICICIPRULI | 575.2 | 600 |
IDEA | 8.27 | 9 |
IDFCFIRSTB | 61.5 | 62 |
IEX | 167.21 | 172.5 |
IGL | 190.25 | 195 |
INDHOTEL | 721.65 | 750 |
INDIAMART | 2102.4 | 2120 |
INDIANB | 517.55 | 530 |
INDIGO | 4303 | 4300 |
INDUSINDBK | 1048.25 | 1040 |
INDUSTOWER | 339.3 | 355 |
INFY | 1842.3 | 1880 |
IOC | 118.45 | 125 |
IPCALAB | 1476.75 | 1480 |
IRB | 47.7 | 49 |
IRCTC | 725.45 | 760 |
IRFC | 121.78 | 130 |
ITC | 408.6 | 420 |
JINDALSTEL | 837.65 | 840 |
JIOFIN | 222.45 | 235 |
JKCEMENT | 4637.9 | 4800 |
JSL | 590.3 | 610 |
JSWENERGY | 431.5 | 460 |
JSWSTEEL | 973.55 | 960 |
JUBLFOOD | 681.65 | 680 |
KALYANKJIL | 507.05 | 500 |
KEI | 3447.25 | 3500 |
KOTAKBANK | 1945.3 | 1920 |
KPITTECH | 1310.4 | 1400 |
LALPATHLAB | 2629.5 | 2800 |
LAURUSLABS | 555.5 | 580 |
LICHSGFIN | 538.5 | 570 |
LICI | 765.15 | 800 |
LODHA | 1167.8 | 1200 |
LT | 3221.85 | 3350 |
LTF | 136.04 | 145 |
LTIM | 5472.6 | 5700 |
LTTS | 4816.9 | 5100 |
LUPIN | 2026.95 | 2040 |
M&M | 2831.95 | 2950 |
M&MFIN | 276.85 | 280 |
MANAPPURAM | 193.29 | 195 |
MARICO | 624.75 | 640 |
MARUTI | 12762.9 | 12700 |
MAXHEALTH | 1014.65 | 1020 |
MCX | 5550.5 | 5700 |
METROPOLIS | 1680.35 | 1740 |
MFSL | 1065.65 | 1100 |
MGL | 1277.4 | 1320 |
MOTHERSON | 124.79 | 130 |
MPHASIS | 2591.35 | 2700 |
MRF | 109984 | 110000 |
MUTHOOTFIN | 2243.9 | 2260 |
NATIONALUM | 180.74 | 186 |
NAUKRI | 7338.9 | 7700 |
NAVINFLUOR | 4108.1 | 4100 |
NBCC | 82.02 | 85 |
NCC | 190.8 | 200 |
NESTLEIND | 2216.5 | 2220 |
NHPC | 73.21 | 74 |
NMDC | 62.56 | 65 |
NTPC | 302.35 | 310 |
NYKAA | 173.49 | 170 |
OBEROIRLTY | 1590.25 | 1620 |
OFSS | 8797.15 | 9000 |
OIL | 400.55 | 410 |
ONGC | 233.65 | 240 |
PAGEIND | 40921.4 | 43000 |
PAYTM | 733 | 740 |
PEL | 926.05 | 1000 |
PERSISTENT | 5531.3 | 5800 |
PETRONET | 284.9 | 295 |
PFC | 372.35 | 400 |
PHOENIXLTD | 1545.05 | 1600 |
PIDILITIND | 2781.7 | 2860 |
PIIND | 3118.6 | 3300 |
PNB | 93.18 | 97 |
POLICYBZR | 1494.35 | 1600 |
POLYCAB | 5414.2 | 5600 |
POONAWALLA | 285.3 | 300 |
POWERGRID | 263.2 | 265 |
PRESTIGE | 1240.4 | 1300 |
PVRINOX | 1006.55 | 1060 |
RAMCOCEM | 860.75 | 880 |
RBLBANK | 155.8 | 162.5 |
RECLTD | 389.1 | 420 |
RELIANCE | 1224.9 | 1250 |
SAIL | 105.33 | 107.5 |
SBICARD | 853.1 | 840 |
SBILIFE | 1476.2 | 1460 |
SBIN | 727.7 | 750 |
SHREECEM | 28309.15 | 28000 |
SHRIRAMFIN | 550.35 | 550 |
SIEMENS | 4859.3 | 5100 |
SJVN | 88.62 | 90 |
SOLARINDS | 8619.35 | 9000 |
SONACOMS | 487.3 | 510 |
SRF | 2747.8 | 2800 |
SUNPHARMA | 1714.2 | 1720 |
SUNTV | 585.3 | 600 |
SUPREMEIND | 3627.8 | 3800 |
SYNGENE | 700.9 | 730 |
TATACHEM | 854.5 | 920 |
TATACOMM | 1507.45 | 1600 |
TATACONSUM | 1023.25 | 1020 |
TATAELXSI | 6146.85 | 6200 |
TATAMOTORS | 686.6 | 700 |
TATAPOWER | 337.2 | 360 |
TATASTEEL | 134.29 | 135 |
TCS | 3904.5 | 4000 |
TECHM | 1664.95 | 1680 |
TIINDIA | 2603.6 | 2750 |
TITAN | 3233.2 | 3300 |
TORNTPHARM | 3078 | 3100 |
TORNTPOWER | 1239.35 | 1300 |
TRENT | 5096.45 | 5300 |
TVSMOTOR | 2365.7 | 2500 |
UBL | 2028.15 | 2040 |
ULTRACEMCO | 11490.1 | 11400 |
UNIONBANK | 109.01 | 110 |
UNITDSPR | 1349.7 | 1400 |
UPL | 632.2 | 610 |
VBL | 474.55 | 510 |
VEDL | 415.15 | 430 |
VOLTAS | 1241.6 | 1300 |
WIPRO | 305.35 | 307.5 |
YESBANK | 17.66 | 19 |
ZOMATO | 218.53 | 220 |
ZYDUSLIFE | 923.9 | 950 |
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.