HINDUNILVR
Hindustan Unilever Ltd.
Max pain for HINDUNILVR
21 Nov 2024 02:53 PM IST
Max Pain for HINDUNILVR is 2480
Strike 2080 has a total call value of 0 versus a total put value of 117,885,600,000 Combined total value = 117,885,600,000
Strike 2100 has a total call value of 600,000 versus a total put value of 111,786,600,000 Combined total value = 111,787,200,000
Strike 2120 has a total call value of 1,200,000 versus a total put value of 105,687,600,000 Combined total value = 105,688,800,000
Strike 2140 has a total call value of 1,800,000 versus a total put value of 99,588,600,000 Combined total value = 99,590,400,000
Strike 2160 has a total call value of 2,400,000 versus a total put value of 93,489,600,000 Combined total value = 93,492,000,000
Strike 2180 has a total call value of 3,000,000 versus a total put value of 87,390,600,000 Combined total value = 87,393,600,000
Strike 2200 has a total call value of 3,600,000 versus a total put value of 81,324,600,000 Combined total value = 81,328,200,000
Strike 2220 has a total call value of 4,200,000 versus a total put value of 75,495,600,000 Combined total value = 75,499,800,000
Strike 2240 has a total call value of 4,800,000 versus a total put value of 69,666,600,000 Combined total value = 69,671,400,000
Strike 2260 has a total call value of 5,400,000 versus a total put value of 63,867,600,000 Combined total value = 63,873,000,000
Strike 2280 has a total call value of 6,000,000 versus a total put value of 58,206,000,000 Combined total value = 58,212,000,000
Strike 2300 has a total call value of 6,600,000 versus a total put value of 52,649,400,000 Combined total value = 52,656,000,000
Strike 2320 has a total call value of 36,000,000 versus a total put value of 47,409,000,000 Combined total value = 47,445,000,000
Strike 2340 has a total call value of 72,600,000 versus a total put value of 42,424,200,000 Combined total value = 42,496,800,000
Strike 2360 has a total call value of 130,200,000 versus a total put value of 37,753,800,000 Combined total value = 37,884,000,000
Strike 2380 has a total call value of 284,400,000 versus a total put value of 33,370,200,000 Combined total value = 33,654,600,000
Strike 2400 has a total call value of 606,000,000 versus a total put value of 29,266,200,000 Combined total value = 29,872,200,000
Strike 2420 has a total call value of 1,404,000,000 versus a total put value of 26,139,000,000 Combined total value = 27,543,000,000
Strike 2440 has a total call value of 2,590,200,000 versus a total put value of 23,176,800,000 Combined total value = 25,767,000,000
Strike 2460 has a total call value of 4,122,600,000 versus a total put value of 20,509,800,000 Combined total value = 24,632,400,000
Strike 2480 has a total call value of 6,226,200,000 versus a total put value of 18,086,400,000 Combined total value = 24,312,600,000
Strike 2500 has a total call value of 8,746,200,000 versus a total put value of 15,846,600,000 Combined total value = 24,592,800,000
Strike 2520 has a total call value of 12,603,600,000 versus a total put value of 14,019,000,000 Combined total value = 26,622,600,000
Strike 2540 has a total call value of 16,867,200,000 versus a total put value of 12,315,000,000 Combined total value = 29,182,200,000
Strike 2560 has a total call value of 22,518,600,000 versus a total put value of 10,843,800,000 Combined total value = 33,362,400,000
Strike 2580 has a total call value of 29,134,800,000 versus a total put value of 9,518,400,000 Combined total value = 38,653,200,000
Strike 2600 has a total call value of 35,968,200,000 versus a total put value of 8,193,000,000 Combined total value = 44,161,200,000
Strike 2620 has a total call value of 44,687,400,000 versus a total put value of 7,397,400,000 Combined total value = 52,084,800,000
Strike 2640 has a total call value of 53,575,800,000 versus a total put value of 6,601,800,000 Combined total value = 60,177,600,000
Strike 2660 has a total call value of 62,721,600,000 versus a total put value of 5,806,200,000 Combined total value = 68,527,800,000
Strike 2680 has a total call value of 72,132,600,000 versus a total put value of 5,010,600,000 Combined total value = 77,143,200,000
Strike 2700 has a total call value of 81,645,000,000 versus a total put value of 4,239,000,000 Combined total value = 85,884,000,000
Strike 2720 has a total call value of 91,990,200,000 versus a total put value of 3,759,000,000 Combined total value = 95,749,200,000
Strike 2740 has a total call value of 102,445,200,000 versus a total put value of 3,279,000,000 Combined total value = 105,724,200,000
Strike 2760 has a total call value of 112,996,200,000 versus a total put value of 2,799,000,000 Combined total value = 115,795,200,000
Strike 2780 has a total call value of 123,723,000,000 versus a total put value of 2,319,000,000 Combined total value = 126,042,000,000
Strike 2800 has a total call value of 134,464,200,000 versus a total put value of 1,839,000,000 Combined total value = 136,303,200,000
Strike 2820 has a total call value of 146,513,400,000 versus a total put value of 1,615,800,000 Combined total value = 148,129,200,000
Strike 2840 has a total call value of 158,562,600,000 versus a total put value of 1,392,600,000 Combined total value = 159,955,200,000
Strike 2860 has a total call value of 170,627,400,000 versus a total put value of 1,169,400,000 Combined total value = 171,796,800,000
Strike 2880 has a total call value of 182,692,200,000 versus a total put value of 946,200,000 Combined total value = 183,638,400,000
Strike 2900 has a total call value of 194,757,000,000 versus a total put value of 723,000,000 Combined total value = 195,480,000,000
Strike 2920 has a total call value of 206,983,200,000 versus a total put value of 610,800,000 Combined total value = 207,594,000,000
Strike 2940 has a total call value of 219,209,400,000 versus a total put value of 498,600,000 Combined total value = 219,708,000,000
Strike 2960 has a total call value of 231,435,600,000 versus a total put value of 386,400,000 Combined total value = 231,822,000,000
Strike 2980 has a total call value of 243,661,800,000 versus a total put value of 274,200,000 Combined total value = 243,936,000,000
Strike 3000 has a total call value of 255,888,000,000 versus a total put value of 162,000,000 Combined total value = 256,050,000,000
Strike 3020 has a total call value of 268,386,600,000 versus a total put value of 145,800,000 Combined total value = 268,532,400,000
Strike 3040 has a total call value of 280,885,200,000 versus a total put value of 129,600,000 Combined total value = 281,014,800,000
Strike 3060 has a total call value of 293,383,800,000 versus a total put value of 113,400,000 Combined total value = 293,497,200,000
Strike 3080 has a total call value of 305,882,400,000 versus a total put value of 97,200,000 Combined total value = 305,979,600,000
Strike 3100 has a total call value of 318,381,000,000 versus a total put value of 81,000,000 Combined total value = 318,462,000,000
Strike 3120 has a total call value of 330,879,600,000 versus a total put value of 64,800,000 Combined total value = 330,944,400,000
Strike 3140 has a total call value of 343,378,200,000 versus a total put value of 48,600,000 Combined total value = 343,426,800,000
Strike 3160 has a total call value of 355,876,800,000 versus a total put value of 32,400,000 Combined total value = 355,909,200,000
Strike 3180 has a total call value of 368,375,400,000 versus a total put value of 16,200,000 Combined total value = 368,391,600,000
Strike 3200 has a total call value of 380,874,000,000 versus a total put value of 0 Combined total value = 380,874,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.65 | 470 |
| ABB | 6750.45 | 7000 |
| ABBOTINDIA | 27025.8 | 28000 |
| ABCAPITAL | 183.2 | 200 |
| ABFRL | 284.35 | 300 |
| ACC | 2036.75 | 2220 |
| ADANIENT | 2232.7 | 2600 |
| ADANIPORTS | 1127.45 | 1200 |
| ALKEM | 5591.25 | 5500 |
| AMBUJACEM | 491.55 | 540 |
| APOLLOHOSP | 6725.25 | 6900 |
| APOLLOTYRE | 480.45 | 480 |
| ASHOKLEY | 218.59 | 220 |
| ASIANPAINT | 2429.1 | 2540 |
| ASTRAL | 1713.7 | 1780 |
| ATUL | 7219.6 | 7500 |
| AUBANK | 591.4 | 590 |
| AUROPHARMA | 1218 | 1300 |
| AXISBANK | 1137.55 | 1150 |
| BAJAJ-AUTO | 9478.2 | 9700 |
| BAJAJFINSV | 1567.15 | 1620 |
| BAJFINANCE | 6464.15 | 6700 |
| BALKRISIND | 2732 | 2800 |
| BANDHANBNK | 165.92 | 180 |
| BANKBARODA | 228.8 | 240 |
| BATAINDIA | 1281.65 | 1310 |
| BEL | 274.4 | 285 |
| BERGEPAINT | 464.15 | 495 |
| BHARATFORG | 1296.5 | 1340 |
| BHARTIARTL | 1525 | 1540 |
| BHEL | 227.9 | 235 |
| BIOCON | 322.9 | 330 |
| BOSCHLTD | 34063 | 34000 |
| BPCL | 281.75 | 300 |
| BRITANNIA | 4793.85 | 5000 |
| BSOFT | 545.9 | 560 |
| CANBK | 94.5 | 100 |
| CANFINHOME | 821.2 | 830 |
| CHAMBLFERT | 454.55 | 480 |
| CHOLAFIN | 1207.55 | 1260 |
| CIPLA | 1462.9 | 1520 |
| COALINDIA | 405.7 | 425 |
| COFORGE | 8203.55 | 8000 |
| COLPAL | 2691.75 | 2850 |
| CONCOR | 768.85 | 810 |
| COROMANDEL | 1769.25 | 1720 |
| CROMPTON | 382 | 385 |
| CUB | 170.01 | 175 |
| CUMMINSIND | 3287.95 | 3400 |
| DABUR | 503.65 | 525 |
| DALBHARAT | 1774.7 | 1760 |
| DEEPAKNTR | 2608 | 2650 |
| DIVISLAB | 5951.85 | 5900 |
| DIXON | 14963.05 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1192.4 | 1220 |
| EICHERMOT | 4876.2 | 4900 |
| ESCORTS | 3454.95 | 3600 |
| EXIDEIND | 414.1 | 440 |
| FEDERALBNK | 210.13 | 205 |
| GAIL | 187.61 | 197.5 |
| GLENMARK | 1463.55 | 1540 |
| GMRINFRA | 76.77 | 82 |
| GNFC | 554.3 | 570 |
| GODREJCP | 1180.15 | 1200 |
| GODREJPROP | 2694.9 | 2750 |
| GRANULES | 544.15 | 570 |
| GRASIM | 2537.5 | 2540 |
| GUJGASLTD | 451.35 | 470 |
| HAL | 3971.1 | 4200 |
| HAVELLS | 1632.1 | 1640 |
| HCLTECH | 1833.9 | 1820 |
| HDFCAMC | 4228.95 | 4300 |
| HDFCBANK | 1739.75 | 1740 |
| HDFCLIFE | 671.5 | 680 |
| HEROMOTOCO | 4750.05 | 4800 |
| HINDALCO | 647.35 | 650 |
| HINDCOPPER | 261.8 | 290 |
| HINDPETRO | 358.75 | 375 |
| HINDUNILVR | 2385.65 | 2480 |
| ICICIBANK | 1249.4 | 1260 |
| ICICIGI | 1808.2 | 1880 |
| ICICIPRULI | 676.55 | 690 |
| IDEA | 6.92 | 8 |
| IDFCFIRSTB | 62.92 | 66 |
| IEX | 161.21 | 170 |
| IGL | 311.35 | 330 |
| INDHOTEL | 783.8 | 760 |
| INDIAMART | 2249.05 | 2400 |
| INDIGO | 4059.4 | 4000 |
| INDUSINDBK | 975 | 1040 |
| INDUSTOWER | 329 | 340 |
| INFY | 1838.3 | 1800 |
| IOC | 130.56 | 140 |
| IPCALAB | 1569.65 | 1560 |
| IRCTC | 793.2 | 820 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 869.8 | 900 |
| JKCEMENT | 4007.1 | 4000 |
| JSWSTEEL | 943.2 | 960 |
| JUBLFOOD | 610.45 | 620 |
| KOTAKBANK | 1735.65 | 1760 |
| LALPATHLAB | 3030.15 | 3100 |
| LAURUSLABS | 487.4 | 490 |
| LICHSGFIN | 609.3 | 630 |
| LT | 3479.7 | 3600 |
| LTF | 137.6 | 140 |
| LTIM | 5935.1 | 5900 |
| LTTS | 5162.15 | 5150 |
| LUPIN | 2037.35 | 2100 |
| M&M | 2931.45 | 2900 |
| M&MFIN | 256.55 | 265 |
| MANAPPURAM | 150.35 | 155 |
| MARICO | 590.25 | 600 |
| MARUTI | 10864.65 | 11000 |
| MCX | 6152.75 | 6200 |
| METROPOLIS | 2010.95 | 2060 |
| MFSL | 1170.55 | 1200 |
| MGL | 1117.45 | 1160 |
| MOTHERSON | 161.11 | 175 |
| MPHASIS | 2787 | 2850 |
| MRF | 123240 | 122500 |
| MUTHOOTFIN | 1900 | 1880 |
| NATIONALUM | 247.44 | 240 |
| NAUKRI | 7536.55 | 7700 |
| NAVINFLUOR | 3257.2 | 3400 |
| NESTLEIND | 2205.5 | 2280 |
| NMDC | 217.36 | 225 |
| NTPC | 355.05 | 370 |
| OBEROIRLTY | 1916.9 | 1960 |
| OFSS | 11133.25 | 11500 |
| ONGC | 241.55 | 250 |
| PAGEIND | 44420 | 45500 |
| PEL | 1052.3 | 1060 |
| PERSISTENT | 5731.6 | 5600 |
| PETRONET | 320.75 | 328 |
| PFC | 452.2 | 460 |
| PIDILITIND | 2932.85 | 3060 |
| PIIND | 4124.75 | 4200 |
| PNB | 96.45 | 102 |
| POLYCAB | 6406.65 | 6500 |
| POWERGRID | 324.8 | 320 |
| PVRINOX | 1444 | 1500 |
| RAMCOCEM | 914 | 900 |
| RBLBANK | 156.58 | 160 |
| RECLTD | 489.9 | 510 |
| RELIANCE | 1221.25 | 1290 |
| SAIL | 110.64 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1479.3 | 1520 |
| SBIN | 779.3 | 800 |
| SHREECEM | 24095 | 24500 |
| SHRIRAMFIN | 2810.45 | 2900 |
| SIEMENS | 6636.6 | 6800 |
| SRF | 2147.15 | 2260 |
| SUNPHARMA | 1773.9 | 1800 |
| SUNTV | 726.55 | 730 |
| SYNGENE | 844.6 | 870 |
| TATACHEM | 1047.05 | 1100 |
| TATACOMM | 1709.65 | 1780 |
| TATACONSUM | 910.75 | 950 |
| TATAMOTORS | 774.6 | 800 |
| TATAPOWER | 408.85 | 420 |
| TATASTEEL | 140.27 | 145 |
| TCS | 4074.95 | 4100 |
| TECHM | 1698.05 | 1680 |
| TITAN | 3180 | 3200 |
| TORNTPHARM | 3095 | 3150 |
| TRENT | 6450.05 | 6600 |
| TVSMOTOR | 2388.05 | 2450 |
| UBL | 1815.4 | 1880 |
| ULTRACEMCO | 10984.05 | 11000 |
| UNITDSPR | 1491.65 | 1480 |
| UPL | 557 | 540 |
| VEDL | 440.5 | 460 |
| VOLTAS | 1665.6 | 1700 |
| WIPRO | 556.9 | 560 |
| ZYDUSLIFE | 943.2 | 980 |
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.
