HFCL
Hfcl Limited
Max pain for HFCL
21 Mar 2025 11:44 AM IST
Max Pain for HFCL is 82.5
Strike 70 has a total call value of 0 versus a total put value of 8,154,750,000 Combined total value = 8,154,750,000
Strike 72.5 has a total call value of 0 versus a total put value of 6,496,825,000 Combined total value = 6,496,825,000
Strike 75 has a total call value of 0 versus a total put value of 4,919,825,000 Combined total value = 4,919,825,000
Strike 77.5 has a total call value of 56,025,000 versus a total put value of 3,738,112,500 Combined total value = 3,794,137,500
Strike 80 has a total call value of 208,537,500 versus a total put value of 2,704,762,500 Combined total value = 2,913,300,000
Strike 82.5 has a total call value of 905,737,500 versus a total put value of 1,886,175,000 Combined total value = 2,791,912,500
Strike 85 has a total call value of 2,072,925,000 versus a total put value of 1,185,862,500 Combined total value = 3,258,787,500
Strike 87.5 has a total call value of 4,060,775,000 versus a total put value of 710,687,500 Combined total value = 4,771,462,500
Strike 90 has a total call value of 6,255,087,500 versus a total put value of 315,400,000 Combined total value = 6,570,487,500
Strike 92.5 has a total call value of 9,515,950,000 versus a total put value of 214,762,500 Combined total value = 9,730,712,500
Strike 95 has a total call value of 12,881,600,000 versus a total put value of 136,950,000 Combined total value = 13,018,550,000
Strike 97.5 has a total call value of 16,623,862,500 versus a total put value of 118,275,000 Combined total value = 16,742,137,500
Strike 100 has a total call value of 20,516,562,500 versus a total put value of 99,600,000 Combined total value = 20,616,162,500
Strike 102.5 has a total call value of 25,063,925,000 versus a total put value of 80,925,000 Combined total value = 25,144,850,000
Strike 105 has a total call value of 29,611,287,500 versus a total put value of 62,250,000 Combined total value = 29,673,537,500
Strike 107.5 has a total call value of 34,158,650,000 versus a total put value of 49,800,000 Combined total value = 34,208,450,000
Strike 110 has a total call value of 38,706,012,500 versus a total put value of 37,350,000 Combined total value = 38,743,362,500
Strike 112.5 has a total call value of 43,253,375,000 versus a total put value of 24,900,000 Combined total value = 43,278,275,000
Strike 115 has a total call value of 47,800,737,500 versus a total put value of 12,450,000 Combined total value = 47,813,187,500
Strike 117.5 has a total call value of 52,369,887,500 versus a total put value of 9,337,500 Combined total value = 52,379,225,000
Strike 120 has a total call value of 56,939,037,500 versus a total put value of 6,225,000 Combined total value = 56,945,262,500
Strike 122.5 has a total call value of 61,587,037,500 versus a total put value of 3,112,500 Combined total value = 61,590,150,000
Strike 125 has a total call value of 66,235,037,500 versus a total put value of 0 Combined total value = 66,235,037,500
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 406.7 | 400 |
| ABB | 5511.2 | 5300 |
| ABCAPITAL | 183.49 | 175 |
| ABFRL | 253.94 | 250 |
| ACC | 1894.8 | 1900 |
| ADANIENSOL | 832 | 780 |
| ADANIENT | 2373.1 | 2380 |
| ADANIGREEN | 963.85 | 880 |
| ADANIPORTS | 1196.1 | 1160 |
| ALKEM | 4962 | 4800 |
| AMBUJACEM | 509.6 | 510 |
| ANGELONE | 2322.5 | 2100 |
| APLAPOLLO | 1508.25 | 1460 |
| APOLLOHOSP | 6603.7 | 6450 |
| APOLLOTYRE | 423.9 | 420 |
| ASHOKLEY | 211.82 | 210 |
| ASIANPAINT | 2303.4 | 2260 |
| ASTRAL | 1298.25 | 1300 |
| ATGL | 629.35 | 600 |
| AUBANK | 535.2 | 520 |
| AUROPHARMA | 1187.95 | 1160 |
| AXISBANK | 1063 | 1040 |
| BAJAJ-AUTO | 8040 | 7900 |
| BAJAJFINSV | 1831.3 | 1840 |
| BAJFINANCE | 8906.85 | 8700 |
| BALKRISIND | 2607.2 | 2580 |
| BANDHANBNK | 143.81 | 145 |
| BANKBARODA | 215.79 | 215 |
| BANKINDIA | 104.05 | 100 |
| BEL | 297.38 | 285 |
| BERGEPAINT | 498.25 | 500 |
| BHARATFORG | 1173.4 | 1120 |
| BHARTIARTL | 1714.9 | 1680 |
| BHEL | 211.87 | 205 |
| BIOCON | 343.5 | 335 |
| BOSCHLTD | 27726.25 | 28000 |
| BPCL | 274.49 | 265 |
| BRITANNIA | 4811.8 | 4750 |
| BSE | 4611.9 | 4500 |
| BSOFT | 404.85 | 410 |
| CAMS | 3827.45 | 3600 |
| CANBK | 87.31 | 86 |
| CDSL | 1204 | 1140 |
| CESC | 149 | 145 |
| CGPOWER | 645.35 | 620 |
| CHAMBLFERT | 591.3 | 570 |
| CHOLAFIN | 1534.7 | 1480 |
| CIPLA | 1520.75 | 1480 |
| COALINDIA | 406.45 | 395 |
| COFORGE | 7738.25 | 7500 |
| COLPAL | 2386.75 | 2460 |
| CONCOR | 690.8 | 680 |
| CROMPTON | 365.45 | 350 |
| CUMMINSIND | 2984.85 | 2900 |
| CYIENT | 1333.95 | 1260 |
| DABUR | 506.3 | 500 |
| DALBHARAT | 1710.2 | 1680 |
| DEEPAKNTR | 2028.15 | 1950 |
| DELHIVERY | 264.1 | 255 |
| DIVISLAB | 5811.2 | 5750 |
| DIXON | 14027.2 | 13750 |
| DLF | 699.4 | 690 |
| DMART | 3926 | 3800 |
| DRREDDY | 1188.8 | 1150 |
| EICHERMOT | 5288.65 | 5100 |
| ESCORTS | 3208.35 | 3100 |
| EXIDEIND | 359.75 | 355 |
| FEDERALBNK | 186.87 | 185 |
| GAIL | 174.67 | 170 |
| GLENMARK | 1496.1 | 1440 |
| GMRAIRPORT | 77.03 | 75 |
| GODREJCP | 1113.9 | 1070 |
| GODREJPROP | 2145 | 2050 |
| GRANULES | 504.05 | 500 |
| GRASIM | 2488.5 | 2420 |
| HAL | 3893.8 | 3700 |
| HAVELLS | 1493 | 1500 |
| HCLTECH | 1581.5 | 1580 |
| HDFCAMC | 3999.55 | 3900 |
| HDFCBANK | 1765.55 | 1760 |
| HDFCLIFE | 674.8 | 650 |
| HEROMOTOCO | 3677.35 | 3650 |
| HFCL | 83.39 | 82.5 |
| HINDALCO | 700.7 | 680 |
| HINDCOPPER | 231.3 | 220 |
| HINDPETRO | 341.4 | 330 |
| HINDUNILVR | 2252.05 | 2240 |
| HUDCO | 201.49 | 195 |
| ICICIBANK | 1336.8 | 1300 |
| ICICIGI | 1713.7 | 1700 |
| ICICIPRULI | 580 | 570 |
| IDEA | 7.46 | 8 |
| IDFCFIRSTB | 56.02 | 58 |
| IEX | 171.86 | 170 |
| IGL | 197.19 | 195 |
| IIFL | 332.35 | 325 |
| INDHOTEL | 827.3 | 790 |
| INDIANB | 537.15 | 510 |
| INDIGO | 5070.1 | 4900 |
| INDUSINDBK | 677.6 | 750 |
| INDUSTOWER | 339.05 | 340 |
| INFY | 1588.9 | 1620 |
| IOC | 129.74 | 127.5 |
| IRB | 46.58 | 45 |
| IRCTC | 721.9 | 710 |
| IREDA | 154.2 | 145 |
| IRFC | 129.17 | 125 |
| ITC | 403.55 | 405 |
| JINDALSTEL | 916.8 | 900 |
| JIOFIN | 229.4 | 230 |
| JKCEMENT | 4836.95 | 4550 |
| JSL | 645.85 | 650 |
| JSWENERGY | 558.2 | 530 |
| JSWSTEEL | 1057.3 | 1030 |
| JUBLFOOD | 628.15 | 630 |
| KALYANKJIL | 474.35 | 440 |
| KEI | 2881.95 | 2900 |
| KOTAKBANK | 2078.75 | 2020 |
| KPITTECH | 1297 | 1280 |
| LAURUSLABS | 609 | 580 |
| LICHSGFIN | 563.75 | 540 |
| LICI | 788.85 | 780 |
| LODHA | 1170.05 | 1160 |
| LT | 3419 | 3300 |
| LTF | 154.04 | 147.5 |
| LTIM | 4458 | 4500 |
| LTTS | 4697.5 | 4600 |
| LUPIN | 2100 | 2040 |
| M&M | 2888.25 | 2750 |
| M&MFIN | 288.8 | 280 |
| MANAPPURAM | 230.05 | 205 |
| MARICO | 630 | 620 |
| MARUTI | 11881.25 | 11700 |
| MAXHEALTH | 1176.75 | 1140 |
| MCX | 5414.7 | 5200 |
| MFSL | 1127 | 1100 |
| MGL | 1375.05 | 1340 |
| MOTHERSON | 130.41 | 130 |
| MPHASIS | 2396.55 | 2300 |
| MRF | 112125.75 | 109000 |
| MUTHOOTFIN | 2357.1 | 2340 |
| NATIONALUM | 184.05 | 190 |
| NAUKRI | 6881.05 | 6800 |
| NBCC | 82.97 | 80 |
| NCC | 203.1 | 195 |
| NESTLEIND | 2265.4 | 2240 |
| NHPC | 83.23 | 80 |
| NMDC | 67.12 | 68 |
| NTPC | 349.2 | 335 |
| NYKAA | 173.49 | 170 |
| OBEROIRLTY | 1657.75 | 1600 |
| OFSS | 7624.3 | 7500 |
| OIL | 392.1 | 380 |
| ONGC | 240.41 | 232.5 |
| PAGEIND | 41979.65 | 41000 |
| PATANJALI | 1771.1 | 1740 |
| PAYTM | 751.9 | 720 |
| PEL | 975.8 | 940 |
| PERSISTENT | 5257.5 | 5200 |
| PETRONET | 297.85 | 295 |
| PFC | 408.15 | 400 |
| PHOENIXLTD | 1672 | 1600 |
| PIDILITIND | 2821.25 | 2760 |
| PIIND | 3460.3 | 3300 |
| PNB | 92.24 | 91 |
| POLICYBZR | 1585.05 | 1500 |
| POLYCAB | 5074.1 | 5000 |
| POONAWALLA | 330.3 | 300 |
| POWERGRID | 283.65 | 275 |
| PRESTIGE | 1225.15 | 1150 |
| RAMCOCEM | 849.15 | 840 |
| RBLBANK | 167.25 | 162.5 |
| RECLTD | 432.8 | 410 |
| RELIANCE | 1275.15 | 1250 |
| SAIL | 114.29 | 110 |
| SBICARD | 860.05 | 845 |
| SBILIFE | 1534.95 | 1480 |
| SBIN | 749.7 | 740 |
| SHREECEM | 29049.9 | 28000 |
| SHRIRAMFIN | 670.55 | 650 |
| SIEMENS | 5200 | 5000 |
| SJVN | 94.8 | 90 |
| SOLARINDS | 10634.7 | 10000 |
| SONACOMS | 510.25 | 500 |
| SRF | 3033 | 2900 |
| SUNPHARMA | 1777.75 | 1680 |
| SUPREMEIND | 3452.25 | 3500 |
| SYNGENE | 706.95 | 700 |
| TATACHEM | 843.75 | 840 |
| TATACOMM | 1607.8 | 1540 |
| TATACONSUM | 967.3 | 960 |
| TATAELXSI | 5409.55 | 5300 |
| TATAMOTORS | 696.95 | 680 |
| TATAPOWER | 376.05 | 375 |
| TATASTEEL | 158.68 | 153 |
| TATATECH | 682.8 | 670 |
| TCS | 3592.6 | 3600 |
| TECHM | 1419.6 | 1440 |
| TIINDIA | 2895.3 | 2800 |
| TITAGARH | 780.5 | 740 |
| TITAN | 3172.65 | 3150 |
| TORNTPHARM | 3267.55 | 3150 |
| TORNTPOWER | 1480 | 1400 |
| TRENT | 5171.4 | 5100 |
| TVSMOTOR | 2426.2 | 2340 |
| ULTRACEMCO | 10973.2 | 10500 |
| UNIONBANK | 120.25 | 119 |
| UNITDSPR | 1395.2 | 1320 |
| UPL | 661.4 | 640 |
| USDINR | 86.2425 | 77.25 |
| VBL | 548.6 | 520 |
| VEDL | 467.55 | 450 |
| VOLTAS | 1429.9 | 1420 |
| WIPRO | 266.5 | 270 |
| YESBANK | 17.02 | 17 |
| ZOMATO | 222.52 | 220 |
| ZYDUSLIFE | 924 | 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.
