HEROMOTOCO
Hero Motocorp Limited
Max pain for HEROMOTOCO
11 Mar 2025 04:11 PM IST
Max Pain for HEROMOTOCO is 3700
Strike 3000 has a total call value of 0 versus a total put value of 71,117,250,000 Combined total value = 71,117,250,000
Strike 3050 has a total call value of 0 versus a total put value of 64,287,750,000 Combined total value = 64,287,750,000
Strike 3100 has a total call value of 0 versus a total put value of 57,467,250,000 Combined total value = 57,467,250,000
Strike 3150 has a total call value of 0 versus a total put value of 51,112,500,000 Combined total value = 51,112,500,000
Strike 3200 has a total call value of 0 versus a total put value of 44,757,750,000 Combined total value = 44,757,750,000
Strike 3250 has a total call value of 0 versus a total put value of 39,284,250,000 Combined total value = 39,284,250,000
Strike 3300 has a total call value of 0 versus a total put value of 33,980,250,000 Combined total value = 33,980,250,000
Strike 3350 has a total call value of 0 versus a total put value of 29,303,250,000 Combined total value = 29,303,250,000
Strike 3400 has a total call value of 0 versus a total put value of 24,778,500,000 Combined total value = 24,778,500,000
Strike 3450 has a total call value of 129,000,000 versus a total put value of 20,773,500,000 Combined total value = 20,902,500,000
Strike 3500 has a total call value of 286,500,000 versus a total put value of 16,972,500,000 Combined total value = 17,259,000,000
Strike 3550 has a total call value of 574,500,000 versus a total put value of 13,770,000,000 Combined total value = 14,344,500,000
Strike 3600 has a total call value of 963,750,000 versus a total put value of 10,833,750,000 Combined total value = 11,797,500,000
Strike 3650 has a total call value of 1,711,500,000 versus a total put value of 8,493,000,000 Combined total value = 10,204,500,000
Strike 3700 has a total call value of 2,933,250,000 versus a total put value of 6,449,250,000 Combined total value = 9,382,500,000
Strike 3750 has a total call value of 5,318,250,000 versus a total put value of 4,965,000,000 Combined total value = 10,283,250,000
Strike 3800 has a total call value of 8,231,250,000 versus a total put value of 3,579,000,000 Combined total value = 11,810,250,000
Strike 3850 has a total call value of 13,056,750,000 versus a total put value of 2,738,250,000 Combined total value = 15,795,000,000
Strike 3900 has a total call value of 18,325,500,000 versus a total put value of 1,897,500,000 Combined total value = 20,223,000,000
Strike 3950 has a total call value of 24,569,250,000 versus a total put value of 1,502,250,000 Combined total value = 26,071,500,000
Strike 4000 has a total call value of 31,269,000,000 versus a total put value of 1,107,000,000 Combined total value = 32,376,000,000
Strike 4050 has a total call value of 40,463,250,000 versus a total put value of 947,250,000 Combined total value = 41,410,500,000
Strike 4100 has a total call value of 49,914,750,000 versus a total put value of 787,500,000 Combined total value = 50,702,250,000
Strike 4150 has a total call value of 60,142,500,000 versus a total put value of 627,750,000 Combined total value = 60,770,250,000
Strike 4200 has a total call value of 70,565,250,000 versus a total put value of 468,000,000 Combined total value = 71,033,250,000
Strike 4250 has a total call value of 81,734,250,000 versus a total put value of 429,000,000 Combined total value = 82,163,250,000
Strike 4300 has a total call value of 92,903,250,000 versus a total put value of 390,000,000 Combined total value = 93,293,250,000
Strike 4350 has a total call value of 104,346,750,000 versus a total put value of 351,000,000 Combined total value = 104,697,750,000
Strike 4400 has a total call value of 115,790,250,000 versus a total put value of 312,000,000 Combined total value = 116,102,250,000
Strike 4450 has a total call value of 127,801,500,000 versus a total put value of 273,000,000 Combined total value = 128,074,500,000
Strike 4500 has a total call value of 139,812,750,000 versus a total put value of 234,000,000 Combined total value = 140,046,750,000
Strike 4550 has a total call value of 151,917,000,000 versus a total put value of 195,000,000 Combined total value = 152,112,000,000
Strike 4600 has a total call value of 164,021,250,000 versus a total put value of 156,000,000 Combined total value = 164,177,250,000
Strike 4650 has a total call value of 176,169,750,000 versus a total put value of 117,000,000 Combined total value = 176,286,750,000
Strike 4700 has a total call value of 188,318,250,000 versus a total put value of 78,000,000 Combined total value = 188,396,250,000
Strike 4750 has a total call value of 200,466,750,000 versus a total put value of 39,000,000 Combined total value = 200,505,750,000
Strike 4800 has a total call value of 212,615,250,000 versus a total put value of 0 Combined total value = 212,615,250,000
Strike 4850 has a total call value of 224,803,500,000 versus a total put value of 0 Combined total value = 224,803,500,000
Strike 4900 has a total call value of 236,991,750,000 versus a total put value of 0 Combined total value = 236,991,750,000
Strike 4950 has a total call value of 249,216,750,000 versus a total put value of 0 Combined total value = 249,216,750,000
Strike 5000 has a total call value of 261,441,750,000 versus a total put value of 0 Combined total value = 261,441,750,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 392.65 | 400 |
| ABB | 5129.3 | 5200 |
| ABCAPITAL | 157.88 | 160 |
| ABFRL | 239.99 | 250 |
| ACC | 1877.85 | 1860 |
| ADANIENSOL | 761.05 | 720 |
| ADANIENT | 2250.6 | 2380 |
| ADANIGREEN | 824.2 | 840 |
| ADANIPORTS | 1135 | 1140 |
| ALKEM | 4777.75 | 4650 |
| AMBUJACEM | 495.55 | 485 |
| ANGELONE | 1998.6 | 2100 |
| APLAPOLLO | 1449 | 1460 |
| APOLLOHOSP | 6134.8 | 6150 |
| APOLLOTYRE | 402.1 | 400 |
| ASHOKLEY | 199.96 | 210 |
| ASIANPAINT | 2287.4 | 2260 |
| ASTRAL | 1287.05 | 1320 |
| ATGL | 597.2 | 590 |
| AUBANK | 522.1 | 545 |
| AUROPHARMA | 1090.65 | 1100 |
| AXISBANK | 1025.65 | 1030 |
| BAJAJ-AUTO | 7499.95 | 7600 |
| BAJAJFINSV | 1805.4 | 1820 |
| BAJFINANCE | 8340.45 | 8400 |
| BALKRISIND | 2531.8 | 2560 |
| BANDHANBNK | 140.11 | 145 |
| BANKBARODA | 202.56 | 210 |
| BANKINDIA | 94.99 | 97 |
| BEL | 277.18 | 270 |
| BERGEPAINT | 498.05 | 500 |
| BHARATFORG | 1064.3 | 1060 |
| BHARTIARTL | 1662.95 | 1640 |
| BHEL | 194.12 | 200 |
| BIOCON | 328.9 | 320 |
| BOSCHLTD | 26982.55 | 27000 |
| BPCL | 264.58 | 260 |
| BRITANNIA | 4762.05 | 4750 |
| BSE | 3809.75 | 4400 |
| BSOFT | 400.65 | 420 |
| CAMS | 3364.55 | 3300 |
| CANBK | 83.28 | 85 |
| CDSL | 1104.45 | 1120 |
| CESC | 139.13 | 140 |
| CGPOWER | 608.15 | 600 |
| CHAMBLFERT | 563.6 | 560 |
| CHOLAFIN | 1448.75 | 1420 |
| CIPLA | 1445.75 | 1440 |
| COALINDIA | 379.05 | 380 |
| COFORGE | 7632.1 | 7500 |
| COLPAL | 2458.4 | 2480 |
| CONCOR | 644.7 | 660 |
| CROMPTON | 346 | 340 |
| CUMMINSIND | 2875.25 | 2900 |
| CYIENT | 1243.75 | 1260 |
| DABUR | 497.55 | 500 |
| DALBHARAT | 1686.45 | 1680 |
| DEEPAKNTR | 1960.1 | 1900 |
| DELHIVERY | 248.38 | 260 |
| DIVISLAB | 5546.25 | 5600 |
| DIXON | 13298.9 | 13500 |
| DLF | 674.1 | 660 |
| DMART | 3631.65 | 3600 |
| DRREDDY | 1116.65 | 1140 |
| EICHERMOT | 4985.55 | 5000 |
| ESCORTS | 2890.2 | 3000 |
| EXIDEIND | 344.6 | 360 |
| FEDERALBNK | 179.12 | 180 |
| GAIL | 156.78 | 160 |
| GLENMARK | 1400.2 | 1380 |
| GMRAIRPORT | 74.11 | 72 |
| GODREJCP | 1039.15 | 1030 |
| GODREJPROP | 2046.1 | 2000 |
| GRANULES | 478.7 | 490 |
| GRASIM | 2413.55 | 2400 |
| HAL | 3459.85 | 3450 |
| HAVELLS | 1470.05 | 1460 |
| HCLTECH | 1567.85 | 1600 |
| HDFCAMC | 3779.3 | 3800 |
| HDFCBANK | 1685.5 | 1700 |
| HDFCLIFE | 636.95 | 620 |
| HEROMOTOCO | 3650.65 | 3700 |
| HFCL | 80.26 | 82.5 |
| HINDALCO | 695.5 | 660 |
| HINDCOPPER | 218.9 | 225 |
| HINDPETRO | 329.7 | 325 |
| HINDUNILVR | 2216.95 | 2260 |
| HUDCO | 181.31 | 180 |
| ICICIBANK | 1245.4 | 1240 |
| ICICIGI | 1700.45 | 1700 |
| ICICIPRULI | 546.15 | 550 |
| IDEA | 7.34 | 8 |
| IDFCFIRSTB | 55.36 | 59 |
| IEX | 157.99 | 162.5 |
| IGL | 187.16 | 190 |
| IIFL | 311.95 | 310 |
| INDHOTEL | 749.05 | 750 |
| INDIANB | 511.4 | 520 |
| INDIGO | 4651.45 | 4600 |
| INDUSINDBK | 655.95 | 750 |
| INDUSTOWER | 341.4 | 340 |
| INFY | 1661.6 | 1700 |
| IOC | 124.82 | 122.5 |
| IRB | 43.39 | 45 |
| IRCTC | 691.15 | 710 |
| IREDA | 141.98 | 142.5 |
| IRFC | 119.3 | 117.5 |
| ITC | 406.2 | 405 |
| JINDALSTEL | 904.85 | 900 |
| JIOFIN | 217.56 | 220 |
| JKCEMENT | 4346.85 | 4450 |
| JSL | 649.35 | 650 |
| JSWENERGY | 513.75 | 500 |
| JSWSTEEL | 1018.65 | 1000 |
| JUBLFOOD | 613 | 620 |
| KALYANKJIL | 421.5 | 420 |
| KEI | 3028.45 | 3100 |
| KOTAKBANK | 1935.2 | 1920 |
| KPITTECH | 1268.9 | 1280 |
| LAURUSLABS | 574.15 | 560 |
| LICHSGFIN | 533.6 | 520 |
| LICI | 754.25 | 760 |
| LODHA | 1132.35 | 1140 |
| LT | 3195.45 | 3300 |
| LTF | 141 | 140 |
| LTIM | 4654.45 | 4800 |
| LTTS | 4642.75 | 4700 |
| LUPIN | 1976.1 | 2000 |
| M&M | 2645.6 | 2700 |
| M&MFIN | 268.6 | 275 |
| MANAPPURAM | 201.42 | 200 |
| MARICO | 602.9 | 610 |
| MARUTI | 11646.95 | 11800 |
| MAXHEALTH | 983.3 | 1000 |
| MCX | 4686.4 | 4800 |
| MFSL | 1086 | 1040 |
| MGL | 1287.9 | 1280 |
| MOTHERSON | 124.56 | 125 |
| MPHASIS | 2277.85 | 2300 |
| MRF | 106534.3 | 105000 |
| MUTHOOTFIN | 2184.6 | 2200 |
| NATIONALUM | 189.71 | 190 |
| NAUKRI | 6697.1 | 6800 |
| NBCC | 78.87 | 80 |
| NCC | 185.05 | 180 |
| NESTLEIND | 2251.4 | 2260 |
| NHPC | 76.58 | 75 |
| NMDC | 65.18 | 65 |
| NTPC | 330.3 | 330 |
| NYKAA | 165.79 | 165 |
| OBEROIRLTY | 1581.6 | 1540 |
| OFSS | 7532.6 | 7750 |
| OIL | 369.15 | 370 |
| ONGC | 226.72 | 230 |
| PAGEIND | 39761.35 | 40000 |
| PATANJALI | 1744.25 | 1700 |
| PAYTM | 713.35 | 700 |
| PEL | 904.75 | 940 |
| PERSISTENT | 5239.95 | 5300 |
| PETRONET | 285.35 | 290 |
| PFC | 399.4 | 400 |
| PHOENIXLTD | 1656.85 | 1600 |
| PIDILITIND | 2722.3 | 2740 |
| PIIND | 3353.9 | 3200 |
| PNB | 88.17 | 90 |
| POLICYBZR | 1468.95 | 1450 |
| POLYCAB | 4907.85 | 5000 |
| POONAWALLA | 283.85 | 280 |
| POWERGRID | 267.3 | 270 |
| PRESTIGE | 1126.4 | 1150 |
| RAMCOCEM | 854.65 | 870 |
| RBLBANK | 155.68 | 160 |
| RECLTD | 402.6 | 400 |
| RELIANCE | 1247.3 | 1240 |
| SAIL | 108.13 | 110 |
| SBICARD | 838.6 | 840 |
| SBILIFE | 1417.25 | 1440 |
| SBIN | 729.85 | 730 |
| SHREECEM | 27937 | 28000 |
| SHRIRAMFIN | 638.25 | 630 |
| SIEMENS | 4942.05 | 5000 |
| SJVN | 86.08 | 85 |
| SOLARINDS | 9765.3 | 9600 |
| SONACOMS | 507.6 | 500 |
| SRF | 2921.25 | 2840 |
| SUNPHARMA | 1655.3 | 1620 |
| SUPREMEIND | 3333.95 | 3400 |
| SYNGENE | 681.8 | 680 |
| TATACHEM | 815.9 | 820 |
| TATACOMM | 1492.35 | 1460 |
| TATACONSUM | 959.85 | 970 |
| TATAELXSI | 5420.05 | 5500 |
| TATAMOTORS | 648.05 | 650 |
| TATAPOWER | 352.45 | 360 |
| TATASTEEL | 150.75 | 149 |
| TATATECH | 646.8 | 660 |
| TCS | 3575.3 | 3650 |
| TECHM | 1479.2 | 1520 |
| TIINDIA | 2882.05 | 2800 |
| TITAGARH | 699.6 | 700 |
| TITAN | 3046.4 | 3100 |
| TORNTPHARM | 3057.95 | 3050 |
| TORNTPOWER | 1334.35 | 1320 |
| TRENT | 4995.45 | 5000 |
| TVSMOTOR | 2288.85 | 2300 |
| ULTRACEMCO | 10439.25 | 10400 |
| UNIONBANK | 114.85 | 115 |
| UNITDSPR | 1319.85 | 1300 |
| UPL | 615.05 | 630 |
| USDINR | 87.3375 | 77.25 |
| VBL | 485.2 | 480 |
| VEDL | 441.55 | 440 |
| VOLTAS | 1406.1 | 1380 |
| WIPRO | 277.75 | 280 |
| YESBANK | 16.37 | 17 |
| ZOMATO | 208.07 | 215 |
| ZYDUSLIFE | 899.85 | 900 |
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.
