HAL
Hindustan Aeronautics Ltd
Max pain for HAL
03 Apr 2025 04:12 PM IST
Max Pain for HAL is 4250
Strike 2800 has a total call value of 0 versus a total put value of 438,289,500,000 Combined total value = 438,289,500,000
Strike 2850 has a total call value of 0 versus a total put value of 420,267,000,000 Combined total value = 420,267,000,000
Strike 2900 has a total call value of 0 versus a total put value of 402,244,500,000 Combined total value = 402,244,500,000
Strike 2950 has a total call value of 0 versus a total put value of 384,306,750,000 Combined total value = 384,306,750,000
Strike 3000 has a total call value of 0 versus a total put value of 366,372,000,000 Combined total value = 366,372,000,000
Strike 3050 has a total call value of 0 versus a total put value of 348,911,250,000 Combined total value = 348,911,250,000
Strike 3100 has a total call value of 0 versus a total put value of 331,450,500,000 Combined total value = 331,450,500,000
Strike 3150 has a total call value of 0 versus a total put value of 314,055,000,000 Combined total value = 314,055,000,000
Strike 3200 has a total call value of 0 versus a total put value of 296,659,500,000 Combined total value = 296,659,500,000
Strike 3250 has a total call value of 0 versus a total put value of 279,377,250,000 Combined total value = 279,377,250,000
Strike 3300 has a total call value of 0 versus a total put value of 262,095,000,000 Combined total value = 262,095,000,000
Strike 3350 has a total call value of 0 versus a total put value of 245,031,750,000 Combined total value = 245,031,750,000
Strike 3400 has a total call value of 0 versus a total put value of 228,035,250,000 Combined total value = 228,035,250,000
Strike 3450 has a total call value of 47,250,000 versus a total put value of 211,394,250,000 Combined total value = 211,441,500,000
Strike 3500 has a total call value of 94,500,000 versus a total put value of 194,798,250,000 Combined total value = 194,892,750,000
Strike 3550 has a total call value of 336,000,000 versus a total put value of 179,041,500,000 Combined total value = 179,377,500,000
Strike 3600 has a total call value of 577,500,000 versus a total put value of 163,452,750,000 Combined total value = 164,030,250,000
Strike 3650 has a total call value of 1,019,250,000 versus a total put value of 148,470,750,000 Combined total value = 149,490,000,000
Strike 3700 has a total call value of 1,461,000,000 versus a total put value of 133,593,750,000 Combined total value = 135,054,750,000
Strike 3750 has a total call value of 2,055,000,000 versus a total put value of 119,583,750,000 Combined total value = 121,638,750,000
Strike 3800 has a total call value of 2,690,250,000 versus a total put value of 105,809,250,000 Combined total value = 108,499,500,000
Strike 3850 has a total call value of 3,615,000,000 versus a total put value of 93,078,750,000 Combined total value = 96,693,750,000
Strike 3900 has a total call value of 4,567,500,000 versus a total put value of 80,588,250,000 Combined total value = 85,155,750,000
Strike 3950 has a total call value of 5,904,750,000 versus a total put value of 69,214,500,000 Combined total value = 75,119,250,000
Strike 4000 has a total call value of 7,302,000,000 versus a total put value of 57,999,000,000 Combined total value = 65,301,000,000
Strike 4050 has a total call value of 9,420,750,000 versus a total put value of 48,492,000,000 Combined total value = 57,912,750,000
Strike 4100 has a total call value of 11,703,000,000 versus a total put value of 39,290,250,000 Combined total value = 50,993,250,000
Strike 4150 has a total call value of 14,859,750,000 versus a total put value of 31,053,750,000 Combined total value = 45,913,500,000
Strike 4200 has a total call value of 18,465,000,000 versus a total put value of 23,722,500,000 Combined total value = 42,187,500,000
Strike 4250 has a total call value of 23,751,000,000 versus a total put value of 18,341,250,000 Combined total value = 42,092,250,000
Strike 4300 has a total call value of 29,857,500,000 versus a total put value of 13,665,750,000 Combined total value = 43,523,250,000
Strike 4350 has a total call value of 38,470,500,000 versus a total put value of 10,524,000,000 Combined total value = 48,994,500,000
Strike 4400 has a total call value of 48,054,750,000 versus a total put value of 7,839,000,000 Combined total value = 55,893,750,000
Strike 4450 has a total call value of 60,248,250,000 versus a total put value of 5,842,500,000 Combined total value = 66,090,750,000
Strike 4500 has a total call value of 73,077,000,000 versus a total put value of 3,938,250,000 Combined total value = 77,015,250,000
Strike 4550 has a total call value of 89,228,250,000 versus a total put value of 2,681,250,000 Combined total value = 91,909,500,000
Strike 4600 has a total call value of 105,676,500,000 versus a total put value of 1,443,000,000 Combined total value = 107,119,500,000
Strike 4650 has a total call value of 123,974,250,000 versus a total put value of 1,028,250,000 Combined total value = 125,002,500,000
Strike 4700 has a total call value of 142,542,000,000 versus a total put value of 613,500,000 Combined total value = 143,155,500,000
Strike 4750 has a total call value of 162,390,750,000 versus a total put value of 344,250,000 Combined total value = 162,735,000,000
Strike 4800 has a total call value of 182,363,250,000 versus a total put value of 75,000,000 Combined total value = 182,438,250,000
Strike 4850 has a total call value of 206,121,000,000 versus a total put value of 56,250,000 Combined total value = 206,177,250,000
Strike 4900 has a total call value of 229,956,000,000 versus a total put value of 37,500,000 Combined total value = 229,993,500,000
Strike 4950 has a total call value of 254,054,250,000 versus a total put value of 18,750,000 Combined total value = 254,073,000,000
Strike 5000 has a total call value of 278,211,000,000 versus a total put value of 0 Combined total value = 278,211,000,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 4319.2 | 400 |
ABB | 4319.2 | 5400 |
ABCAPITAL | 4319.2 | 190 |
ABFRL | 4319.2 | 265 |
ACC | 4319.2 | 2000 |
ADANIENSOL | 4319.2 | 860 |
ADANIENT | 4319.2 | 2500 |
ADANIGREEN | 4319.2 | 940 |
ADANIPORTS | 4319.2 | 1200 |
ALKEM | 4319.2 | 4950 |
AMBUJACEM | 4319.2 | 550 |
ANGELONE | 4319.2 | 2300 |
APLAPOLLO | 4319.2 | 1520 |
APOLLOHOSP | 4319.2 | 6700 |
APOLLOTYRE | 4319.2 | 430 |
ASHOKLEY | 4319.2 | 210 |
ASIANPAINT | 4319.2 | 2340 |
ASTRAL | 4319.2 | 1340 |
ATGL | 4319.2 | 600 |
AUBANK | 4319.2 | 550 |
AUROPHARMA | 4319.2 | 1200 |
AXISBANK | 4319.2 | 1100 |
BAJAJ-AUTO | 4319.2 | 8000 |
BAJAJFINSV | 4319.2 | 1940 |
BAJFINANCE | 4319.2 | 8700 |
BALKRISIND | 4319.2 | 2540 |
BANDHANBNK | 4319.2 | 152.5 |
BANKBARODA | 4319.2 | 232.5 |
BANKINDIA | 4319.2 | 111 |
BEL | 4319.2 | 290 |
BERGEPAINT | 4319.2 | 500 |
BHARATFORG | 4319.2 | 1160 |
BHARTIARTL | 4319.2 | 1740 |
BHEL | 4319.2 | 220 |
BIOCON | 4319.2 | 350 |
BOSCHLTD | 4319.2 | 28000 |
BPCL | 4319.2 | 280 |
BRITANNIA | 4319.2 | 4950 |
BSE | 4319.2 | 5200 |
BSOFT | 4319.2 | 400 |
CAMS | 4319.2 | 3700 |
CANBK | 4319.2 | 92 |
CDSL | 4319.2 | 1200 |
CESC | 4319.2 | 155 |
CGPOWER | 4319.2 | 640 |
CHAMBLFERT | 4319.2 | 620 |
CHOLAFIN | 4319.2 | 1500 |
CIPLA | 4319.2 | 1480 |
COALINDIA | 4319.2 | 405 |
COFORGE | 4319.2 | 7500 |
COLPAL | 4319.2 | 2400 |
CONCOR | 4319.2 | 710 |
CROMPTON | 4319.2 | 350 |
CUMMINSIND | 4319.2 | 3050 |
CYIENT | 4319.2 | 1240 |
DABUR | 4319.2 | 480 |
DALBHARAT | 4319.2 | 1800 |
DEEPAKNTR | 4319.2 | 2000 |
DELHIVERY | 4319.2 | 260 |
DIVISLAB | 4319.2 | 5800 |
DIXON | 4319.2 | 13500 |
DLF | 4319.2 | 690 |
DMART | 4319.2 | 4100 |
DRREDDY | 4319.2 | 1160 |
EICHERMOT | 4319.2 | 5400 |
ESCORTS | 4319.2 | 3250 |
EXIDEIND | 4319.2 | 370 |
FEDERALBNK | 4319.2 | 195 |
GAIL | 4319.2 | 182.5 |
GLENMARK | 4319.2 | 1520 |
GMRAIRPORT | 4319.2 | 80 |
GODREJCP | 4319.2 | 1150 |
GODREJPROP | 4319.2 | 2100 |
GOLDM | 4319.2 | 89000 |
GRANULES | 4319.2 | 500 |
GRASIM | 4319.2 | 2600 |
HAL | 4319.2 | 4250 |
HAVELLS | 4319.2 | 1520 |
HCLTECH | 4319.2 | 1520 |
HDFCAMC | 4319.2 | 4050 |
HDFCBANK | 4319.2 | 1800 |
HDFCLIFE | 4319.2 | 690 |
HEROMOTOCO | 4319.2 | 3750 |
HFCL | 4319.2 | 82.5 |
HINDALCO | 4319.2 | 670 |
HINDCOPPER | 4319.2 | 230 |
HINDPETRO | 4319.2 | 360 |
HINDUNILVR | 4319.2 | 2260 |
HINDZINC | 4319.2 | 460 |
HUDCO | 4319.2 | 205 |
ICICIBANK | 4319.2 | 1340 |
ICICIGI | 4319.2 | 1800 |
ICICIPRULI | 4319.2 | 570 |
IDEA | 4319.2 | 8 |
IDFCFIRSTB | 4319.2 | 59 |
IEX | 4319.2 | 180 |
IGL | 4319.2 | 200 |
IIFL | 4319.2 | 335 |
INDHOTEL | 4319.2 | 820 |
INDIANB | 4319.2 | 550 |
INDIGO | 4319.2 | 5000 |
INDUSINDBK | 4319.2 | 700 |
INDUSTOWER | 4319.2 | 350 |
INFY | 4319.2 | 1540 |
INOXWIND | 4319.2 | 165 |
IOC | 4319.2 | 132 |
IRB | 4319.2 | 46 |
IRCTC | 4319.2 | 740 |
IREDA | 4319.2 | 160 |
IRFC | 4319.2 | 125 |
ITC | 4319.2 | 410 |
JINDALSTEL | 4319.2 | 920 |
JIOFIN | 4319.2 | 230 |
JSL | 4319.2 | 600 |
JSWENERGY | 4319.2 | 540 |
JSWSTEEL | 4319.2 | 1050 |
JUBLFOOD | 4319.2 | 670 |
KALYANKJIL | 4319.2 | 500 |
KEI | 4319.2 | 2900 |
KOTAKBANK | 4319.2 | 2120 |
KPITTECH | 4319.2 | 1240 |
LAURUSLABS | 4319.2 | 610 |
LICHSGFIN | 4319.2 | 570 |
LICI | 4319.2 | 800 |
LODHA | 4319.2 | 1200 |
LT | 4319.2 | 3460 |
LTF | 4319.2 | 152.5 |
LTIM | 4319.2 | 4500 |
LUPIN | 4319.2 | 2100 |
M&M | 4319.2 | 2700 |
M&MFIN | 4319.2 | 275 |
MANAPPURAM | 4319.2 | 230 |
MARICO | 4319.2 | 650 |
MARUTI | 4319.2 | 11700 |
MAXHEALTH | 4319.2 | 1120 |
MCX | 4319.2 | 5400 |
MFSL | 4319.2 | 1140 |
MGL | 4319.2 | 1400 |
MOTHERSON | 4319.2 | 130 |
MPHASIS | 4319.2 | 2450 |
MRF | 4319.2 | 114000 |
MUTHOOTFIN | 4319.2 | 2300 |
NATIONALUM | 4319.2 | 180 |
NAUKRI | 4319.2 | 6900 |
NBCC | 4319.2 | 82.5 |
NCC | 4319.2 | 215 |
NESTLEIND | 4319.2 | 2240 |
NHPC | 4319.2 | 84 |
NMDC | 4319.2 | 70 |
NTPC | 4319.2 | 360 |
NYKAA | 4319.2 | 177.5 |
OBEROIRLTY | 4319.2 | 1600 |
OFSS | 4319.2 | 7750 |
OIL | 4319.2 | 390 |
ONGC | 4319.2 | 250 |
PAGEIND | 4319.2 | 43000 |
PATANJALI | 4319.2 | 1820 |
PAYTM | 4319.2 | 800 |
PEL | 4319.2 | 1000 |
PERSISTENT | 4319.2 | 5000 |
PETRONET | 4319.2 | 300 |
PFC | 4319.2 | 420 |
PHOENIXLTD | 4319.2 | 1600 |
PIDILITIND | 4319.2 | 2840 |
PIIND | 4319.2 | 3500 |
PNB | 4319.2 | 98 |
PNBHOUSING | 4319.2 | 900 |
POLICYBZR | 4319.2 | 1580 |
POLYCAB | 4319.2 | 5200 |
POONAWALLA | 4319.2 | 340 |
POWERGRID | 4319.2 | 295 |
PRESTIGE | 4319.2 | 1180 |
RAMCOCEM | 4319.2 | 920 |
RBLBANK | 4319.2 | 175 |
RECLTD | 4319.2 | 430 |
RELIANCE | 4319.2 | 1280 |
SAIL | 4319.2 | 120 |
SBICARD | 4319.2 | 860 |
SBILIFE | 4319.2 | 1540 |
SBIN | 4319.2 | 780 |
SHREECEM | 4319.2 | 30500 |
SHRIRAMFIN | 4319.2 | 650 |
SIEMENS | 4319.2 | 5300 |
SILVER | 4319.2 | 97000 |
SJVN | 4319.2 | 92.5 |
SOLARINDS | 4319.2 | 11100 |
SONACOMS | 4319.2 | 460 |
SRF | 4319.2 | 2900 |
SUNPHARMA | 4319.2 | 1740 |
SUPREMEIND | 4319.2 | 3500 |
SYNGENE | 4319.2 | 740 |
TATACHEM | 4319.2 | 860 |
TATACOMM | 4319.2 | 1600 |
TATACONSUM | 4319.2 | 1040 |
TATAELXSI | 4319.2 | 5200 |
TATAMOTORS | 4319.2 | 680 |
TATAPOWER | 4319.2 | 395 |
TATASTEEL | 4319.2 | 155 |
TATATECH | 4319.2 | 680 |
TCS | 4319.2 | 3540 |
TECHM | 4319.2 | 1400 |
TIINDIA | 4319.2 | 2750 |
TITAGARH | 4319.2 | 800 |
TITAN | 4319.2 | 3100 |
TORNTPHARM | 4319.2 | 3250 |
TORNTPOWER | 4319.2 | 1500 |
TRENT | 4319.2 | 5600 |
TVSMOTOR | 4319.2 | 2460 |
ULTRACEMCO | 4319.2 | 11400 |
UNIONBANK | 4319.2 | 128 |
UNITDSPR | 4319.2 | 1400 |
UPL | 4319.2 | 650 |
VBL | 4319.2 | 530 |
VEDL | 4319.2 | 460 |
VOLTAS | 4319.2 | 1380 |
WIPRO | 4319.2 | 262.5 |
YESBANK | 4319.2 | 17 |
ZOMATO | 4319.2 | 210 |
ZYDUSLIFE | 4319.2 | 910 |
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.