HEROMOTOCO
Hero Motocorp Limited
Max pain for HEROMOTOCO
19 Feb 2025 04:11 PM IST
Max Pain for HEROMOTOCO is 4050
Strike 3200 has a total call value of 0 versus a total put value of 145,015,500,000 Combined total value = 145,015,500,000
Strike 3250 has a total call value of 0 versus a total put value of 135,450,750,000 Combined total value = 135,450,750,000
Strike 3300 has a total call value of 0 versus a total put value of 125,886,000,000 Combined total value = 125,886,000,000
Strike 3350 has a total call value of 0 versus a total put value of 116,332,500,000 Combined total value = 116,332,500,000
Strike 3400 has a total call value of 0 versus a total put value of 106,779,000,000 Combined total value = 106,779,000,000
Strike 3450 has a total call value of 0 versus a total put value of 97,719,750,000 Combined total value = 97,719,750,000
Strike 3500 has a total call value of 0 versus a total put value of 88,728,750,000 Combined total value = 88,728,750,000
Strike 3550 has a total call value of 0 versus a total put value of 80,054,250,000 Combined total value = 80,054,250,000
Strike 3600 has a total call value of 0 versus a total put value of 71,499,000,000 Combined total value = 71,499,000,000
Strike 3650 has a total call value of 0 versus a total put value of 63,301,500,000 Combined total value = 63,301,500,000
Strike 3700 has a total call value of 0 versus a total put value of 55,219,500,000 Combined total value = 55,219,500,000
Strike 3750 has a total call value of 69,000,000 versus a total put value of 47,655,000,000 Combined total value = 47,724,000,000
Strike 3800 has a total call value of 198,750,000 versus a total put value of 40,365,750,000 Combined total value = 40,564,500,000
Strike 3850 has a total call value of 645,750,000 versus a total put value of 33,621,000,000 Combined total value = 34,266,750,000
Strike 3900 has a total call value of 1,513,500,000 versus a total put value of 27,293,250,000 Combined total value = 28,806,750,000
Strike 3950 has a total call value of 3,253,500,000 versus a total put value of 22,111,500,000 Combined total value = 25,365,000,000
Strike 4000 has a total call value of 5,457,000,000 versus a total put value of 17,193,750,000 Combined total value = 22,650,750,000
Strike 4050 has a total call value of 9,170,250,000 versus a total put value of 12,954,750,000 Combined total value = 22,125,000,000
Strike 4100 has a total call value of 13,753,500,000 versus a total put value of 9,113,250,000 Combined total value = 22,866,750,000
Strike 4150 has a total call value of 20,066,250,000 versus a total put value of 6,497,250,000 Combined total value = 26,563,500,000
Strike 4200 has a total call value of 27,615,000,000 versus a total put value of 4,455,000,000 Combined total value = 32,070,000,000
Strike 4250 has a total call value of 39,180,750,000 versus a total put value of 3,249,750,000 Combined total value = 42,430,500,000
Strike 4300 has a total call value of 51,994,500,000 versus a total put value of 2,315,250,000 Combined total value = 54,309,750,000
Strike 4350 has a total call value of 67,215,750,000 versus a total put value of 1,895,250,000 Combined total value = 69,111,000,000
Strike 4400 has a total call value of 83,079,750,000 versus a total put value of 1,521,000,000 Combined total value = 84,600,750,000
Strike 4450 has a total call value of 101,137,500,000 versus a total put value of 1,369,500,000 Combined total value = 102,507,000,000
Strike 4500 has a total call value of 119,385,750,000 versus a total put value of 1,218,000,000 Combined total value = 120,603,750,000
Strike 4550 has a total call value of 138,246,750,000 versus a total put value of 1,066,500,000 Combined total value = 139,313,250,000
Strike 4600 has a total call value of 157,285,500,000 versus a total put value of 915,000,000 Combined total value = 158,200,500,000
Strike 4650 has a total call value of 177,103,500,000 versus a total put value of 763,500,000 Combined total value = 177,867,000,000
Strike 4700 has a total call value of 197,139,750,000 versus a total put value of 612,000,000 Combined total value = 197,751,750,000
Strike 4750 has a total call value of 217,713,750,000 versus a total put value of 460,500,000 Combined total value = 218,174,250,000
Strike 4800 has a total call value of 238,302,750,000 versus a total put value of 309,000,000 Combined total value = 238,611,750,000
Strike 4850 has a total call value of 259,218,000,000 versus a total put value of 157,500,000 Combined total value = 259,375,500,000
Strike 4900 has a total call value of 280,133,250,000 versus a total put value of 6,000,000 Combined total value = 280,139,250,000
Strike 4950 has a total call value of 302,246,250,000 versus a total put value of 3,000,000 Combined total value = 302,249,250,000
Strike 5000 has a total call value of 324,359,250,000 versus a total put value of 0 Combined total value = 324,359,250,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 416.65 | 435 |
ABB | 5123.85 | 5200 |
ABBOTINDIA | 29721.15 | 28500 |
ABCAPITAL | 155.51 | 170 |
ABFRL | 251.55 | 260 |
ACC | 1867.1 | 2000 |
ADANIENSOL | 670.65 | 700 |
ADANIENT | 2180.8 | 2320 |
ADANIGREEN | 864.7 | 900 |
ADANIPORTS | 1082.85 | 1100 |
ALKEM | 4741.7 | 4800 |
AMBUJACEM | 479.9 | 510 |
ANGELONE | 2321.25 | 2300 |
APLAPOLLO | 1380.65 | 1420 |
APOLLOHOSP | 6422.65 | 6400 |
APOLLOTYRE | 413.4 | 420 |
ASHOKLEY | 225.41 | 217.5 |
ASIANPAINT | 2239.1 | 2280 |
ASTRAL | 1371.7 | 1400 |
ATGL | 582.65 | 600 |
ATUL | 5564.3 | 5500 |
AUBANK | 525.65 | 535 |
AUROPHARMA | 1135.2 | 1160 |
AXISBANK | 1011.35 | 1000 |
BAJAJ-AUTO | 8479.5 | 8700 |
BAJAJFINSV | 1875.35 | 1820 |
BAJFINANCE | 8439.45 | 8200 |
BALKRISIND | 2675.55 | 2700 |
BANDHANBNK | 133.48 | 145 |
BANKBARODA | 208.89 | 220 |
BANKINDIA | 99.37 | 100 |
BATAINDIA | 1256.35 | 1300 |
BEL | 253.4 | 265 |
BERGEPAINT | 489 | 485 |
BHARATFORG | 1076.05 | 1100 |
BHARTIARTL | 1645.2 | 1660 |
BHEL | 195.09 | 200 |
BIOCON | 336.8 | 350 |
BOSCHLTD | 27295.4 | 30000 |
BPCL | 255.6 | 260 |
BRITANNIA | 4837.5 | 4950 |
BSE | 5631 | 5400 |
BSOFT | 470.95 | 500 |
CAMS | 3371.05 | 3500 |
CANBK | 85.56 | 90 |
CANFINHOME | 600.8 | 640 |
CDSL | 1208.25 | 1220 |
CESC | 131.54 | 130 |
CGPOWER | 584.2 | 580 |
CHAMBLFERT | 536.8 | 530 |
CHOLAFIN | 1375.4 | 1340 |
CIPLA | 1464.15 | 1460 |
COALINDIA | 362.3 | 370 |
COFORGE | 7774.65 | 8000 |
COLPAL | 2460.45 | 2520 |
CONCOR | 696.25 | 730 |
COROMANDEL | 1714.6 | 1760 |
CROMPTON | 329.9 | 345 |
CUB | 157.92 | 165 |
CUMMINSIND | 2690.3 | 2800 |
CYIENT | 1476.5 | 1420 |
DABUR | 504.45 | 520 |
DALBHARAT | 1770.75 | 1800 |
DEEPAKNTR | 1912.85 | 2000 |
DELHIVERY | 276 | 285 |
DIVISLAB | 5934.9 | 5950 |
DIXON | 14088.3 | 14500 |
DLF | 690.15 | 700 |
DMART | 3685 | 3700 |
DRREDDY | 1165.85 | 1190 |
EICHERMOT | 4810.6 | 4900 |
ESCORTS | 3020.1 | 3150 |
EXIDEIND | 364.05 | 370 |
FEDERALBNK | 181.18 | 185 |
GAIL | 163.53 | 165 |
GLENMARK | 1369.45 | 1380 |
GMRAIRPORT | 70.27 | 73 |
GMRINFRA | 0 | 76 |
GNFC | 545.25 | 550 |
GODREJCP | 1024.5 | 1050 |
GODREJPROP | 2047.5 | 2100 |
GRANULES | 531.45 | 540 |
GRASIM | 2463.2 | 2500 |
GUJGASLTD | 395.15 | 400 |
HAL | 3363.75 | 3550 |
HAVELLS | 1515.65 | 1540 |
HCLTECH | 1712.3 | 1720 |
HDFCAMC | 3791.75 | 3850 |
HDFCBANK | 1727.2 | 1720 |
HDFCLIFE | 622.85 | 630 |
HEROMOTOCO | 3879.15 | 4050 |
HFCL | 88.8 | 95 |
HINDALCO | 626.3 | 610 |
HINDCOPPER | 218.11 | 225 |
HINDPETRO | 324.6 | 330 |
HINDUNILVR | 2250.4 | 2320 |
HUDCO | 183.68 | 190 |
ICICIBANK | 1261.65 | 1250 |
ICICIGI | 1728.95 | 1780 |
ICICIPRULI | 576 | 590 |
IDEA | 8.3 | 9 |
IDFCFIRSTB | 59.99 | 61 |
IEX | 169.45 | 170 |
IGL | 193.9 | 195 |
INDHOTEL | 746.7 | 750 |
INDIAMART | 2064.15 | 2100 |
INDIANB | 525.95 | 520 |
INDIGO | 4399.9 | 4350 |
INDUSINDBK | 1035.8 | 1040 |
INDUSTOWER | 341.4 | 355 |
INFY | 1810.8 | 1860 |
IOC | 119.87 | 125 |
IPCALAB | 1467.85 | 1480 |
IRB | 47.08 | 48 |
IRCTC | 728.3 | 760 |
IRFC | 124.27 | 127.5 |
ITC | 406.4 | 420 |
JINDALSTEL | 860.1 | 840 |
JIOFIN | 228.92 | 235 |
JKCEMENT | 4621.85 | 4650 |
JSL | 602.55 | 610 |
JSWENERGY | 454.85 | 450 |
JSWSTEEL | 977.35 | 960 |
JUBLFOOD | 709.45 | 700 |
KALYANKJIL | 483.15 | 500 |
KEI | 3568.6 | 3500 |
KOTAKBANK | 1985 | 1940 |
KPITTECH | 1336.25 | 1400 |
LALPATHLAB | 2612.85 | 2700 |
LAURUSLABS | 546.75 | 570 |
LICHSGFIN | 541 | 560 |
LICI | 764 | 800 |
LODHA | 1181.75 | 1200 |
LT | 3275.9 | 3350 |
LTF | 135.25 | 142.5 |
LTIM | 5470.1 | 5600 |
LTTS | 4872.05 | 5050 |
LUPIN | 1978.25 | 2020 |
M&M | 2757.4 | 2900 |
M&MFIN | 278.4 | 280 |
MANAPPURAM | 202.76 | 195 |
MARICO | 634.95 | 640 |
MARUTI | 12686.15 | 12700 |
MAXHEALTH | 1019.5 | 1020 |
MCX | 5636.5 | 5700 |
METROPOLIS | 1648.4 | 1700 |
MFSL | 1047.15 | 1100 |
MGL | 1293.65 | 1300 |
MOTHERSON | 128.46 | 130 |
MPHASIS | 2611.25 | 2700 |
MRF | 109570.7 | 110000 |
MUTHOOTFIN | 2264.2 | 2240 |
NATIONALUM | 187.08 | 186 |
NAUKRI | 7595.05 | 7700 |
NAVINFLUOR | 4044.05 | 4100 |
NBCC | 80.71 | 82.5 |
NCC | 188.95 | 200 |
NESTLEIND | 2204.95 | 2220 |
NHPC | 74.62 | 74 |
NMDC | 64.95 | 65 |
NTPC | 314.8 | 315 |
NYKAA | 170.77 | 170 |
OBEROIRLTY | 1602.15 | 1660 |
OFSS | 8793.4 | 9000 |
OIL | 396.35 | 410 |
ONGC | 238.3 | 240 |
PAGEIND | 41530.45 | 42000 |
PAYTM | 744.7 | 760 |
PEL | 931.75 | 960 |
PERSISTENT | 5899.8 | 5800 |
PETRONET | 298.35 | 295 |
PFC | 384.45 | 390 |
PHOENIXLTD | 1554.3 | 1600 |
PIDILITIND | 2768.7 | 2840 |
PIIND | 3203.5 | 3350 |
PNB | 92.86 | 97 |
POLICYBZR | 1511.8 | 1600 |
POLYCAB | 5600.1 | 5700 |
POONAWALLA | 285.6 | 300 |
POWERGRID | 263.05 | 270 |
PRESTIGE | 1230.05 | 1300 |
PVRINOX | 990.4 | 1040 |
RAMCOCEM | 862.05 | 870 |
RBLBANK | 161.08 | 162.5 |
RECLTD | 395.65 | 410 |
RELIANCE | 1227.45 | 1250 |
SAIL | 106.53 | 107.5 |
SBICARD | 857.9 | 840 |
SBILIFE | 1475.6 | 1460 |
SBIN | 727.3 | 750 |
SHREECEM | 28655.15 | 28000 |
SHRIRAMFIN | 557.8 | 550 |
SIEMENS | 4954.9 | 5100 |
SJVN | 89.98 | 90 |
SOLARINDS | 8783.7 | 8900 |
SONACOMS | 509.35 | 510 |
SRF | 2728 | 2800 |
SUNPHARMA | 1676.6 | 1700 |
SUNTV | 576.1 | 600 |
SUPREMEIND | 3713.6 | 3700 |
SYNGENE | 704.35 | 720 |
TATACHEM | 853.85 | 900 |
TATACOMM | 1501.8 | 1580 |
TATACONSUM | 1025.3 | 1020 |
TATAELXSI | 6017.6 | 6200 |
TATAMOTORS | 681 | 700 |
TATAPOWER | 347.65 | 360 |
TATASTEEL | 135.76 | 136 |
TCS | 3784.1 | 3900 |
TECHM | 1685.8 | 1680 |
TIINDIA | 2678 | 2800 |
TITAN | 3210.3 | 3300 |
TORNTPHARM | 3120.55 | 3100 |
TORNTPOWER | 1258.7 | 1300 |
TRENT | 4991.45 | 5300 |
TVSMOTOR | 2381.9 | 2460 |
UBL | 2027.2 | 2040 |
ULTRACEMCO | 11291.55 | 11400 |
UNIONBANK | 114.92 | 115 |
UNITDSPR | 1328.85 | 1400 |
UPL | 650.05 | 620 |
VBL | 475.9 | 500 |
VEDL | 423.5 | 430 |
VOLTAS | 1284.1 | 1300 |
WIPRO | 314.1 | 310 |
YESBANK | 18 | 19 |
ZOMATO | 234.1 | 225 |
ZYDUSLIFE | 891.45 | 930 |
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.