HINDUNILVR
Hindustan Unilever Ltd.
Max pain for HINDUNILVR
14 Jan 2025 03:13 PM IST
Max Pain for HINDUNILVR is 2400
Strike 1960 has a total call value of 0 versus a total put value of 190,601,400,000 Combined total value = 190,601,400,000
Strike 1980 has a total call value of 0 versus a total put value of 180,333,000,000 Combined total value = 180,333,000,000
Strike 2000 has a total call value of 0 versus a total put value of 170,064,600,000 Combined total value = 170,064,600,000
Strike 2020 has a total call value of 0 versus a total put value of 159,844,200,000 Combined total value = 159,844,200,000
Strike 2040 has a total call value of 0 versus a total put value of 149,623,800,000 Combined total value = 149,623,800,000
Strike 2060 has a total call value of 0 versus a total put value of 139,530,000,000 Combined total value = 139,530,000,000
Strike 2080 has a total call value of 0 versus a total put value of 129,436,200,000 Combined total value = 129,436,200,000
Strike 2100 has a total call value of 0 versus a total put value of 119,394,600,000 Combined total value = 119,394,600,000
Strike 2120 has a total call value of 0 versus a total put value of 109,955,400,000 Combined total value = 109,955,400,000
Strike 2140 has a total call value of 0 versus a total put value of 100,955,400,000 Combined total value = 100,955,400,000
Strike 2160 has a total call value of 0 versus a total put value of 92,101,200,000 Combined total value = 92,101,200,000
Strike 2180 has a total call value of 0 versus a total put value of 83,472,000,000 Combined total value = 83,472,000,000
Strike 2200 has a total call value of 0 versus a total put value of 75,007,800,000 Combined total value = 75,007,800,000
Strike 2220 has a total call value of 30,600,000 versus a total put value of 67,035,000,000 Combined total value = 67,065,600,000
Strike 2240 has a total call value of 61,200,000 versus a total put value of 59,236,800,000 Combined total value = 59,298,000,000
Strike 2260 has a total call value of 91,800,000 versus a total put value of 51,638,400,000 Combined total value = 51,730,200,000
Strike 2280 has a total call value of 147,600,000 versus a total put value of 44,266,800,000 Combined total value = 44,414,400,000
Strike 2300 has a total call value of 250,200,000 versus a total put value of 37,084,200,000 Combined total value = 37,334,400,000
Strike 2320 has a total call value of 511,200,000 versus a total put value of 30,719,400,000 Combined total value = 31,230,600,000
Strike 2340 has a total call value of 865,200,000 versus a total put value of 24,707,400,000 Combined total value = 25,572,600,000
Strike 2360 has a total call value of 1,393,800,000 versus a total put value of 19,251,600,000 Combined total value = 20,645,400,000
Strike 2380 has a total call value of 2,553,600,000 versus a total put value of 15,040,200,000 Combined total value = 17,593,800,000
Strike 2400 has a total call value of 4,132,800,000 versus a total put value of 11,304,000,000 Combined total value = 15,436,800,000
Strike 2420 has a total call value of 7,392,600,000 versus a total put value of 8,815,800,000 Combined total value = 16,208,400,000
Strike 2440 has a total call value of 11,076,000,000 versus a total put value of 6,696,600,000 Combined total value = 17,772,600,000
Strike 2460 has a total call value of 16,075,800,000 versus a total put value of 4,978,200,000 Combined total value = 21,054,000,000
Strike 2480 has a total call value of 22,145,400,000 versus a total put value of 3,577,200,000 Combined total value = 25,722,600,000
Strike 2500 has a total call value of 29,354,400,000 versus a total put value of 2,409,000,000 Combined total value = 31,763,400,000
Strike 2520 has a total call value of 38,751,000,000 versus a total put value of 2,064,000,000 Combined total value = 40,815,000,000
Strike 2540 has a total call value of 49,008,600,000 versus a total put value of 1,719,000,000 Combined total value = 50,727,600,000
Strike 2560 has a total call value of 59,593,200,000 versus a total put value of 1,374,000,000 Combined total value = 60,967,200,000
Strike 2580 has a total call value of 70,606,800,000 versus a total put value of 1,029,000,000 Combined total value = 71,635,800,000
Strike 2600 has a total call value of 81,780,600,000 versus a total put value of 684,000,000 Combined total value = 82,464,600,000
Strike 2620 has a total call value of 94,041,600,000 versus a total put value of 547,200,000 Combined total value = 94,588,800,000
Strike 2640 has a total call value of 106,438,200,000 versus a total put value of 410,400,000 Combined total value = 106,848,600,000
Strike 2660 has a total call value of 119,050,800,000 versus a total put value of 273,600,000 Combined total value = 119,324,400,000
Strike 2680 has a total call value of 131,694,000,000 versus a total put value of 136,800,000 Combined total value = 131,830,800,000
Strike 2700 has a total call value of 144,383,400,000 versus a total put value of 0 Combined total value = 144,383,400,000
Strike 2720 has a total call value of 157,419,600,000 versus a total put value of 0 Combined total value = 157,419,600,000
Strike 2740 has a total call value of 170,519,400,000 versus a total put value of 0 Combined total value = 170,519,400,000
Strike 2760 has a total call value of 183,619,200,000 versus a total put value of 0 Combined total value = 183,619,200,000
Strike 2780 has a total call value of 196,719,000,000 versus a total put value of 0 Combined total value = 196,719,000,000
Strike 2800 has a total call value of 209,818,800,000 versus a total put value of 0 Combined total value = 209,818,800,000
Strike 2820 has a total call value of 223,120,200,000 versus a total put value of 0 Combined total value = 223,120,200,000
Strike 2840 has a total call value of 236,421,600,000 versus a total put value of 0 Combined total value = 236,421,600,000
Strike 2860 has a total call value of 249,741,000,000 versus a total put value of 0 Combined total value = 249,741,000,000
Strike 2880 has a total call value of 263,060,400,000 versus a total put value of 0 Combined total value = 263,060,400,000
Strike 2900 has a total call value of 276,379,800,000 versus a total put value of 0 Combined total value = 276,379,800,000
Strike 2920 has a total call value of 289,699,200,000 versus a total put value of 0 Combined total value = 289,699,200,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 407.95 | 420 |
| ABB | 6140 | 6600 |
| ABBOTINDIA | 28198.55 | 29000 |
| ABCAPITAL | 174.45 | 182.5 |
| ABFRL | 270.2 | 280 |
| ACC | 1946.3 | 2060 |
| ADANIENSOL | 770.4 | 780 |
| ADANIENT | 2384.2 | 2500 |
| ADANIGREEN | 1005.2 | 1000 |
| ADANIPORTS | 1117.4 | 1180 |
| ALKEM | 5259.75 | 5450 |
| AMBUJACEM | 514.85 | 550 |
| ANGELONE | 2368 | 2500 |
| APLAPOLLO | 1465.85 | 1520 |
| APOLLOHOSP | 6707.65 | 7050 |
| APOLLOTYRE | 452.6 | 470 |
| ASHOKLEY | 209.9 | 220 |
| ASIANPAINT | 2239.95 | 2300 |
| ASTRAL | 1492.9 | 1600 |
| ATGL | 668 | 680 |
| ATUL | 6729.5 | 6900 |
| AUBANK | 575.45 | 565 |
| AUROPHARMA | 1174.35 | 1220 |
| AXISBANK | 1052.7 | 1080 |
| BAJAJ-AUTO | 8613.65 | 8900 |
| BAJAJFINSV | 1714.2 | 1660 |
| BAJFINANCE | 7333 | 7200 |
| BALKRISIND | 2701.6 | 2800 |
| BANDHANBNK | 148.42 | 160 |
| BANKBARODA | 224.1 | 240 |
| BANKINDIA | 94.55 | 98 |
| BATAINDIA | 1343.75 | 1380 |
| BEL | 270.3 | 280 |
| BERGEPAINT | 462.2 | 460 |
| BHARATFORG | 1190.55 | 1260 |
| BHARTIARTL | 1600.25 | 1600 |
| BHEL | 197.57 | 220 |
| BIOCON | 388.2 | 375 |
| BOSCHLTD | 31609.15 | 33000 |
| BPCL | 270.55 | 280 |
| BRITANNIA | 4869 | 4850 |
| BSE | 5452.05 | 5300 |
| BSOFT | 532.5 | 560 |
| CAMS | 4211.8 | 4600 |
| CANBK | 93.43 | 98 |
| CANFINHOME | 669.1 | 700 |
| CDSL | 1571 | 1700 |
| CESC | 153.6 | 160 |
| CGPOWER | 639.05 | 670 |
| CHAMBLFERT | 474.7 | 490 |
| CHOLAFIN | 1268.65 | 1260 |
| CIPLA | 1447.95 | 1500 |
| COALINDIA | 369.1 | 385 |
| COFORGE | 8559.4 | 9000 |
| COLPAL | 2708.4 | 2780 |
| CONCOR | 761.95 | 780 |
| COROMANDEL | 1836.35 | 1880 |
| CROMPTON | 356.95 | 370 |
| CUB | 167.09 | 170 |
| CUMMINSIND | 2937.4 | 3150 |
| CYIENT | 1711.7 | 1720 |
| DABUR | 512.25 | 515 |
| DALBHARAT | 1726.85 | 1740 |
| DEEPAKNTR | 2338.3 | 2450 |
| DELHIVERY | 324.2 | 335 |
| DIVISLAB | 5992.05 | 5900 |
| DIXON | 16315 | 17000 |
| DLF | 723.2 | 770 |
| DMART | 3477 | 3700 |
| DRREDDY | 1338.05 | 1350 |
| EICHERMOT | 5031.75 | 5000 |
| ESCORTS | 3437.5 | 3300 |
| EXIDEIND | 382 | 410 |
| FEDERALBNK | 192.43 | 197.5 |
| GAIL | 176.15 | 190 |
| GLENMARK | 1517.5 | 1560 |
| GMRAIRPORT | 72.26 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 534.35 | 550 |
| GODREJCP | 1141.55 | 1140 |
| GODREJPROP | 2308.7 | 2500 |
| GRANULES | 584.05 | 590 |
| GRASIM | 2313.6 | 2480 |
| GUJGASLTD | 486.9 | 495 |
| HAL | 3831 | 4150 |
| HAVELLS | 1521.7 | 1600 |
| HCLTECH | 1810.4 | 1840 |
| HDFCAMC | 3876.65 | 3900 |
| HDFCBANK | 1647.55 | 1700 |
| HDFCLIFE | 600.75 | 620 |
| HEROMOTOCO | 4105.6 | 4200 |
| HFCL | 98.1 | 105 |
| HINDALCO | 591.2 | 600 |
| HINDCOPPER | 225.12 | 250 |
| HINDPETRO | 372.75 | 395 |
| HINDUNILVR | 2366.1 | 2400 |
| HUDCO | 214.2 | 220 |
| ICICIBANK | 1241.5 | 1270 |
| ICICIGI | 1827.9 | 1860 |
| ICICIPRULI | 642.5 | 660 |
| IDEA | 8.29 | 8 |
| IDFCFIRSTB | 62 | 63 |
| IEX | 166.83 | 175 |
| IGL | 411.4 | 410 |
| INDHOTEL | 780.7 | 800 |
| INDIAMART | 2258 | 2300 |
| INDIANB | 505.65 | 520 |
| INDIGO | 3982.15 | 4250 |
| INDUSINDBK | 963.45 | 980 |
| INDUSTOWER | 340.6 | 340 |
| INFY | 1939.8 | 1940 |
| IOC | 126.49 | 135 |
| IPCALAB | 1584.85 | 1640 |
| IRB | 51.31 | 55 |
| IRCTC | 757.3 | 790 |
| IRFC | 135.96 | 135 |
| ITC | 436.5 | 445 |
| JINDALSTEL | 910.8 | 940 |
| JIOFIN | 272.9 | 285 |
| JKCEMENT | 4375 | 4500 |
| JSL | 624.75 | 630 |
| JSWENERGY | 547.85 | 570 |
| JSWSTEEL | 906.3 | 920 |
| JUBLFOOD | 708.15 | 730 |
| KALYANKJIL | 598.05 | 640 |
| KEI | 4020 | 4200 |
| KOTAKBANK | 1752.55 | 1800 |
| KPITTECH | 1321.65 | 1400 |
| LALPATHLAB | 2802 | 2950 |
| LAURUSLABS | 567.6 | 590 |
| LICHSGFIN | 552.45 | 590 |
| LICI | 825.55 | 860 |
| LODHA | 1142.75 | 1260 |
| LT | 3461.2 | 3600 |
| LTF | 134.29 | 140 |
| LTIM | 5749.75 | 5800 |
| LTTS | 4699.9 | 4800 |
| LUPIN | 2154.85 | 2240 |
| M&M | 3049.7 | 3100 |
| M&MFIN | 266.95 | 270 |
| MANAPPURAM | 179.34 | 190 |
| MARICO | 660.3 | 660 |
| MARUTI | 11740.6 | 11600 |
| MAXHEALTH | 1085.85 | 1140 |
| MCX | 5697.5 | 6000 |
| METROPOLIS | 1874.9 | 2000 |
| MFSL | 1051.1 | 1100 |
| MGL | 1270.15 | 1280 |
| MOTHERSON | 145.58 | 155 |
| MPHASIS | 2780.05 | 2900 |
| MRF | 114166.85 | 118000 |
| MUTHOOTFIN | 2122.45 | 2140 |
| NATIONALUM | 199.84 | 210 |
| NAUKRI | 7462.2 | 8000 |
| NAVINFLUOR | 3634.4 | 3650 |
| NCC | 246.35 | 260 |
| NESTLEIND | 2215.95 | 2200 |
| NHPC | 76.52 | 78 |
| NMDC | 63.51 | 67 |
| NTPC | 310.9 | 320 |
| NYKAA | 165 | 167.5 |
| OBEROIRLTY | 1976.6 | 2140 |
| OFSS | 10740.75 | 11500 |
| OIL | 465 | 460 |
| ONGC | 260.72 | 257.5 |
| PAGEIND | 46489.65 | 47000 |
| PAYTM | 818.3 | 880 |
| PEL | 1026.8 | 1080 |
| PERSISTENT | 5885.75 | 6200 |
| PETRONET | 325.3 | 335 |
| PFC | 417.4 | 440 |
| PIDILITIND | 2807.45 | 2900 |
| PIIND | 3464.05 | 3600 |
| PNB | 98.69 | 102 |
| POLICYBZR | 1743.2 | 1850 |
| POLYCAB | 6460 | 6800 |
| POONAWALLA | 308.75 | 315 |
| POWERGRID | 290.65 | 305 |
| PRESTIGE | 1423.7 | 1550 |
| PVRINOX | 1084.95 | 1180 |
| RAMCOCEM | 883.75 | 930 |
| RBLBANK | 153.6 | 160 |
| RECLTD | 475.95 | 500 |
| RELIANCE | 1238.15 | 1250 |
| SAIL | 105.97 | 112.5 |
| SBICARD | 735.65 | 730 |
| SBILIFE | 1499.4 | 1440 |
| SBIN | 749.5 | 780 |
| SHREECEM | 25134.1 | 25750 |
| SHRIRAMFIN | 544.05 | 570 |
| SIEMENS | 5864.15 | 6200 |
| SJVN | 93.96 | 100 |
| SONACOMS | 569.9 | 580 |
| SRF | 2505.1 | 2560 |
| SUNPHARMA | 1774.6 | 1820 |
| SUNTV | 657.3 | 680 |
| SUPREMEIND | 4365.2 | 4500 |
| SYNGENE | 826.95 | 850 |
| TATACHEM | 965.4 | 1020 |
| TATACOMM | 1674.75 | 1740 |
| TATACONSUM | 962.85 | 950 |
| TATAELXSI | 6085 | 6200 |
| TATAMOTORS | 770.75 | 780 |
| TATAPOWER | 356.8 | 380 |
| TATASTEEL | 126.97 | 135 |
| TCS | 4232.65 | 4200 |
| TECHM | 1646.15 | 1680 |
| TIINDIA | 3315.35 | 3550 |
| TITAN | 3322.15 | 3400 |
| TORNTPHARM | 3255.75 | 3350 |
| TRENT | 6161.45 | 6600 |
| TVSMOTOR | 2235.85 | 2320 |
| UBL | 1965.65 | 2000 |
| ULTRACEMCO | 10484.1 | 11100 |
| UNIONBANK | 104.09 | 110 |
| UNITDSPR | 1407.4 | 1500 |
| UPL | 541.65 | 537.2 |
| VBL | 565.5 | 600 |
| VEDL | 430.15 | 450 |
| VOLTAS | 1637.55 | 1720 |
| WIPRO | 292.75 | 295 |
| YESBANK | 18.03 | 19 |
| ZOMATO | 233.5 | 250 |
| ZYDUSLIFE | 1000.95 | 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.
