HINDPETRO
Hindustan Petroleum Corp
Max pain for HINDPETRO
12 Nov 2024 04:10 PM IST
Max Pain for HINDPETRO is 385
Strike 310 has a total call value of 0 versus a total put value of 65,976,525,000 Combined total value = 65,976,525,000
Strike 315 has a total call value of 0 versus a total put value of 60,840,112,500 Combined total value = 60,840,112,500
Strike 320 has a total call value of 0 versus a total put value of 55,703,700,000 Combined total value = 55,703,700,000
Strike 325 has a total call value of 0 versus a total put value of 50,691,825,000 Combined total value = 50,691,825,000
Strike 330 has a total call value of 0 versus a total put value of 45,741,712,500 Combined total value = 45,741,712,500
Strike 335 has a total call value of 0 versus a total put value of 40,984,987,500 Combined total value = 40,984,987,500
Strike 340 has a total call value of 0 versus a total put value of 36,228,262,500 Combined total value = 36,228,262,500
Strike 345 has a total call value of 0 versus a total put value of 31,761,112,500 Combined total value = 31,761,112,500
Strike 350 has a total call value of 0 versus a total put value of 27,382,050,000 Combined total value = 27,382,050,000
Strike 355 has a total call value of 104,287,500 versus a total put value of 23,498,100,000 Combined total value = 23,602,387,500
Strike 360 has a total call value of 227,812,500 versus a total put value of 19,735,650,000 Combined total value = 19,963,462,500
Strike 365 has a total call value of 575,100,000 versus a total put value of 16,329,600,000 Combined total value = 16,904,700,000
Strike 370 has a total call value of 981,112,500 versus a total put value of 13,075,425,000 Combined total value = 14,056,537,500
Strike 375 has a total call value of 1,707,075,000 versus a total put value of 10,401,412,500 Combined total value = 12,108,487,500
Strike 380 has a total call value of 2,575,800,000 versus a total put value of 7,911,675,000 Combined total value = 10,487,475,000
Strike 385 has a total call value of 4,273,762,500 versus a total put value of 6,003,112,500 Combined total value = 10,276,875,000
Strike 390 has a total call value of 6,339,262,500 versus a total put value of 4,299,075,000 Combined total value = 10,638,337,500
Strike 395 has a total call value of 9,200,587,500 versus a total put value of 3,003,075,000 Combined total value = 12,203,662,500
Strike 400 has a total call value of 13,493,587,500 versus a total put value of 1,940,962,500 Combined total value = 15,434,550,000
Strike 405 has a total call value of 19,150,425,000 versus a total put value of 1,339,537,500 Combined total value = 20,489,962,500
Strike 410 has a total call value of 25,041,150,000 versus a total put value of 823,162,500 Combined total value = 25,864,312,500
Strike 415 has a total call value of 31,501,912,500 versus a total put value of 527,512,500 Combined total value = 32,029,425,000
Strike 420 has a total call value of 38,132,775,000 versus a total put value of 240,975,000 Combined total value = 38,373,750,000
Strike 425 has a total call value of 45,472,387,500 versus a total put value of 120,487,500 Combined total value = 45,592,875,000
Strike 430 has a total call value of 52,944,637,500 versus a total put value of 0 Combined total value = 52,944,637,500
Strike 435 has a total call value of 60,957,562,500 versus a total put value of 0 Combined total value = 60,957,562,500
Strike 440 has a total call value of 69,117,300,000 versus a total put value of 0 Combined total value = 69,117,300,000
Strike 445 has a total call value of 77,696,212,500 versus a total put value of 0 Combined total value = 77,696,212,500
Strike 450 has a total call value of 86,491,800,000 versus a total put value of 0 Combined total value = 86,491,800,000
Strike 455 has a total call value of 96,152,062,500 versus a total put value of 0 Combined total value = 96,152,062,500
Strike 460 has a total call value of 105,832,575,000 versus a total put value of 0 Combined total value = 105,832,575,000
Strike 465 has a total call value of 115,934,287,500 versus a total put value of 0 Combined total value = 115,934,287,500
Strike 470 has a total call value of 126,036,000,000 versus a total put value of 0 Combined total value = 126,036,000,000
Strike 475 has a total call value of 136,190,362,500 versus a total put value of 0 Combined total value = 136,190,362,500
Strike 480 has a total call value of 146,344,725,000 versus a total put value of 0 Combined total value = 146,344,725,000
Strike 485 has a total call value of 156,566,925,000 versus a total put value of 0 Combined total value = 156,566,925,000
Strike 490 has a total call value of 166,789,125,000 versus a total put value of 0 Combined total value = 166,789,125,000
Strike 495 has a total call value of 177,011,325,000 versus a total put value of 0 Combined total value = 177,011,325,000
Strike 500 has a total call value of 187,233,525,000 versus a total put value of 0 Combined total value = 187,233,525,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
