HINDUNILVR
Hindustan Unilever Ltd.
Max pain for HINDUNILVR
12 Nov 2024 04:13 PM IST
Max Pain for HINDUNILVR is 2520
Strike 2080 has a total call value of 0 versus a total put value of 113,745,000,000 Combined total value = 113,745,000,000
Strike 2100 has a total call value of 0 versus a total put value of 108,172,200,000 Combined total value = 108,172,200,000
Strike 2120 has a total call value of 0 versus a total put value of 102,599,400,000 Combined total value = 102,599,400,000
Strike 2140 has a total call value of 0 versus a total put value of 97,026,600,000 Combined total value = 97,026,600,000
Strike 2160 has a total call value of 0 versus a total put value of 91,453,800,000 Combined total value = 91,453,800,000
Strike 2180 has a total call value of 0 versus a total put value of 85,881,000,000 Combined total value = 85,881,000,000
Strike 2200 has a total call value of 0 versus a total put value of 80,308,200,000 Combined total value = 80,308,200,000
Strike 2220 has a total call value of 0 versus a total put value of 74,952,600,000 Combined total value = 74,952,600,000
Strike 2240 has a total call value of 0 versus a total put value of 69,597,000,000 Combined total value = 69,597,000,000
Strike 2260 has a total call value of 0 versus a total put value of 64,241,400,000 Combined total value = 64,241,400,000
Strike 2280 has a total call value of 0 versus a total put value of 58,909,800,000 Combined total value = 58,909,800,000
Strike 2300 has a total call value of 0 versus a total put value of 53,578,200,000 Combined total value = 53,578,200,000
Strike 2320 has a total call value of 0 versus a total put value of 48,607,800,000 Combined total value = 48,607,800,000
Strike 2340 has a total call value of 0 versus a total put value of 43,824,000,000 Combined total value = 43,824,000,000
Strike 2360 has a total call value of 0 versus a total put value of 39,183,000,000 Combined total value = 39,183,000,000
Strike 2380 has a total call value of 0 versus a total put value of 34,691,400,000 Combined total value = 34,691,400,000
Strike 2400 has a total call value of 0 versus a total put value of 30,303,600,000 Combined total value = 30,303,600,000
Strike 2420 has a total call value of 131,400,000 versus a total put value of 26,740,800,000 Combined total value = 26,872,200,000
Strike 2440 has a total call value of 282,000,000 versus a total put value of 23,307,000,000 Combined total value = 23,589,000,000
Strike 2460 has a total call value of 465,600,000 versus a total put value of 20,217,600,000 Combined total value = 20,683,200,000
Strike 2480 has a total call value of 772,800,000 versus a total put value of 17,418,000,000 Combined total value = 18,190,800,000
Strike 2500 has a total call value of 1,419,000,000 versus a total put value of 14,830,800,000 Combined total value = 16,249,800,000
Strike 2520 has a total call value of 3,091,200,000 versus a total put value of 12,861,000,000 Combined total value = 15,952,200,000
Strike 2540 has a total call value of 5,219,400,000 versus a total put value of 11,071,800,000 Combined total value = 16,291,200,000
Strike 2560 has a total call value of 8,763,000,000 versus a total put value of 9,544,200,000 Combined total value = 18,307,200,000
Strike 2580 has a total call value of 13,506,600,000 versus a total put value of 8,176,200,000 Combined total value = 21,682,800,000
Strike 2600 has a total call value of 18,470,400,000 versus a total put value of 6,850,800,000 Combined total value = 25,321,200,000
Strike 2620 has a total call value of 25,359,600,000 versus a total put value of 6,097,200,000 Combined total value = 31,456,800,000
Strike 2640 has a total call value of 32,442,000,000 versus a total put value of 5,343,600,000 Combined total value = 37,785,600,000
Strike 2660 has a total call value of 39,855,000,000 versus a total put value of 4,590,000,000 Combined total value = 44,445,000,000
Strike 2680 has a total call value of 47,533,200,000 versus a total put value of 3,836,400,000 Combined total value = 51,369,600,000
Strike 2700 has a total call value of 55,345,200,000 versus a total put value of 3,082,800,000 Combined total value = 58,428,000,000
Strike 2720 has a total call value of 64,342,200,000 versus a total put value of 2,646,000,000 Combined total value = 66,988,200,000
Strike 2740 has a total call value of 73,461,000,000 versus a total put value of 2,209,200,000 Combined total value = 75,670,200,000
Strike 2760 has a total call value of 82,710,600,000 versus a total put value of 1,772,400,000 Combined total value = 84,483,000,000
Strike 2780 has a total call value of 92,208,600,000 versus a total put value of 1,345,200,000 Combined total value = 93,553,800,000
Strike 2800 has a total call value of 101,706,600,000 versus a total put value of 918,000,000 Combined total value = 102,624,600,000
Strike 2820 has a total call value of 112,771,200,000 versus a total put value of 786,600,000 Combined total value = 113,557,800,000
Strike 2840 has a total call value of 123,846,600,000 versus a total put value of 655,200,000 Combined total value = 124,501,800,000
Strike 2860 has a total call value of 134,922,000,000 versus a total put value of 523,800,000 Combined total value = 135,445,800,000
Strike 2880 has a total call value of 145,997,400,000 versus a total put value of 392,400,000 Combined total value = 146,389,800,000
Strike 2900 has a total call value of 157,072,800,000 versus a total put value of 261,000,000 Combined total value = 157,333,800,000
Strike 2920 has a total call value of 168,417,000,000 versus a total put value of 243,600,000 Combined total value = 168,660,600,000
Strike 2940 has a total call value of 179,761,200,000 versus a total put value of 226,200,000 Combined total value = 179,987,400,000
Strike 2960 has a total call value of 191,105,400,000 versus a total put value of 208,800,000 Combined total value = 191,314,200,000
Strike 2980 has a total call value of 202,449,600,000 versus a total put value of 191,400,000 Combined total value = 202,641,000,000
Strike 3000 has a total call value of 213,793,800,000 versus a total put value of 174,000,000 Combined total value = 213,967,800,000
Strike 3020 has a total call value of 225,505,800,000 versus a total put value of 156,600,000 Combined total value = 225,662,400,000
Strike 3040 has a total call value of 237,217,800,000 versus a total put value of 139,200,000 Combined total value = 237,357,000,000
Strike 3060 has a total call value of 248,929,800,000 versus a total put value of 121,800,000 Combined total value = 249,051,600,000
Strike 3080 has a total call value of 260,641,800,000 versus a total put value of 104,400,000 Combined total value = 260,746,200,000
Strike 3100 has a total call value of 272,353,800,000 versus a total put value of 87,000,000 Combined total value = 272,440,800,000
Strike 3120 has a total call value of 284,083,800,000 versus a total put value of 69,600,000 Combined total value = 284,153,400,000
Strike 3140 has a total call value of 295,813,800,000 versus a total put value of 52,200,000 Combined total value = 295,866,000,000
Strike 3160 has a total call value of 307,543,800,000 versus a total put value of 34,800,000 Combined total value = 307,578,600,000
Strike 3180 has a total call value of 319,273,800,000 versus a total put value of 17,400,000 Combined total value = 319,291,200,000
Strike 3200 has a total call value of 331,003,800,000 versus a total put value of 0 Combined total value = 331,003,800,000
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.
