HINDUNILVR
Hindustan Unilever Ltd.
Max pain for HINDUNILVR
20 Dec 2024 04:13 PM IST
Max Pain for HINDUNILVR is 2400
Strike 2000 has a total call value of 0 versus a total put value of 143,356,200,000 Combined total value = 143,356,200,000
Strike 2020 has a total call value of 0 versus a total put value of 136,050,000,000 Combined total value = 136,050,000,000
Strike 2040 has a total call value of 0 versus a total put value of 128,743,800,000 Combined total value = 128,743,800,000
Strike 2060 has a total call value of 0 versus a total put value of 121,437,600,000 Combined total value = 121,437,600,000
Strike 2080 has a total call value of 0 versus a total put value of 114,131,400,000 Combined total value = 114,131,400,000
Strike 2100 has a total call value of 0 versus a total put value of 106,825,200,000 Combined total value = 106,825,200,000
Strike 2120 has a total call value of 0 versus a total put value of 99,519,000,000 Combined total value = 99,519,000,000
Strike 2140 has a total call value of 0 versus a total put value of 92,212,800,000 Combined total value = 92,212,800,000
Strike 2160 has a total call value of 0 versus a total put value of 84,906,600,000 Combined total value = 84,906,600,000
Strike 2180 has a total call value of 0 versus a total put value of 77,749,800,000 Combined total value = 77,749,800,000
Strike 2200 has a total call value of 0 versus a total put value of 70,633,800,000 Combined total value = 70,633,800,000
Strike 2220 has a total call value of 0 versus a total put value of 64,020,600,000 Combined total value = 64,020,600,000
Strike 2240 has a total call value of 0 versus a total put value of 57,529,800,000 Combined total value = 57,529,800,000
Strike 2260 has a total call value of 21,600,000 versus a total put value of 51,439,800,000 Combined total value = 51,461,400,000
Strike 2280 has a total call value of 53,400,000 versus a total put value of 45,636,000,000 Combined total value = 45,689,400,000
Strike 2300 has a total call value of 100,200,000 versus a total put value of 40,070,400,000 Combined total value = 40,170,600,000
Strike 2320 has a total call value of 288,600,000 versus a total put value of 35,231,400,000 Combined total value = 35,520,000,000
Strike 2340 has a total call value of 555,600,000 versus a total put value of 30,797,400,000 Combined total value = 31,353,000,000
Strike 2360 has a total call value of 1,104,000,000 versus a total put value of 26,727,000,000 Combined total value = 27,831,000,000
Strike 2380 has a total call value of 2,362,200,000 versus a total put value of 23,048,400,000 Combined total value = 25,410,600,000
Strike 2400 has a total call value of 5,091,600,000 versus a total put value of 19,746,000,000 Combined total value = 24,837,600,000
Strike 2420 has a total call value of 9,843,600,000 versus a total put value of 17,164,800,000 Combined total value = 27,008,400,000
Strike 2440 has a total call value of 15,219,600,000 versus a total put value of 14,875,800,000 Combined total value = 30,095,400,000
Strike 2460 has a total call value of 22,012,800,000 versus a total put value of 12,751,200,000 Combined total value = 34,764,000,000
Strike 2480 has a total call value of 29,669,400,000 versus a total put value of 10,767,000,000 Combined total value = 40,436,400,000
Strike 2500 has a total call value of 37,989,000,000 versus a total put value of 8,950,800,000 Combined total value = 46,939,800,000
Strike 2520 has a total call value of 48,830,400,000 versus a total put value of 7,635,000,000 Combined total value = 56,465,400,000
Strike 2540 has a total call value of 60,316,800,000 versus a total put value of 6,469,800,000 Combined total value = 66,786,600,000
Strike 2560 has a total call value of 72,750,000,000 versus a total put value of 5,487,000,000 Combined total value = 78,237,000,000
Strike 2580 has a total call value of 85,764,600,000 versus a total put value of 4,567,200,000 Combined total value = 90,331,800,000
Strike 2600 has a total call value of 99,045,600,000 versus a total put value of 3,647,400,000 Combined total value = 102,693,000,000
Strike 2620 has a total call value of 113,311,200,000 versus a total put value of 3,161,400,000 Combined total value = 116,472,600,000
Strike 2640 has a total call value of 127,957,200,000 versus a total put value of 2,675,400,000 Combined total value = 130,632,600,000
Strike 2660 has a total call value of 142,868,400,000 versus a total put value of 2,189,400,000 Combined total value = 145,057,800,000
Strike 2680 has a total call value of 157,916,400,000 versus a total put value of 1,703,400,000 Combined total value = 159,619,800,000
Strike 2700 has a total call value of 173,002,800,000 versus a total put value of 1,217,400,000 Combined total value = 174,220,200,000
Strike 2720 has a total call value of 188,494,200,000 versus a total put value of 991,200,000 Combined total value = 189,485,400,000
Strike 2740 has a total call value of 204,040,200,000 versus a total put value of 765,000,000 Combined total value = 204,805,200,000
Strike 2760 has a total call value of 219,600,000,000 versus a total put value of 538,800,000 Combined total value = 220,138,800,000
Strike 2780 has a total call value of 235,227,600,000 versus a total put value of 312,600,000 Combined total value = 235,540,200,000
Strike 2800 has a total call value of 250,855,200,000 versus a total put value of 86,400,000 Combined total value = 250,941,600,000
Strike 2820 has a total call value of 266,826,600,000 versus a total put value of 72,000,000 Combined total value = 266,898,600,000
Strike 2840 has a total call value of 282,798,000,000 versus a total put value of 57,600,000 Combined total value = 282,855,600,000
Strike 2860 has a total call value of 298,769,400,000 versus a total put value of 43,200,000 Combined total value = 298,812,600,000
Strike 2880 has a total call value of 314,740,800,000 versus a total put value of 28,800,000 Combined total value = 314,769,600,000
Strike 2900 has a total call value of 330,712,200,000 versus a total put value of 14,400,000 Combined total value = 330,726,600,000
Strike 2920 has a total call value of 346,683,600,000 versus a total put value of 0 Combined total value = 346,683,600,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 403.85 | 450 |
| ABB | 6921.25 | 7300 |
| ABBOTINDIA | 28655.35 | 28000 |
| ABCAPITAL | 186.21 | 200 |
| ABFRL | 282.2 | 300 |
| ACC | 2063.65 | 2260 |
| ADANIENSOL | 767.55 | 800 |
| ADANIENT | 2344.95 | 2500 |
| ADANIGREEN | 1034.35 | 1120 |
| ADANIPORTS | 1182.45 | 1240 |
| ALKEM | 5427.5 | 5500 |
| AMBUJACEM | 548.8 | 560 |
| ANGELONE | 2881.7 | 3100 |
| APLAPOLLO | 1559 | 1600 |
| APOLLOHOSP | 7251.7 | 7200 |
| APOLLOTYRE | 531.95 | 530 |
| ASHOKLEY | 217.28 | 225 |
| ASIANPAINT | 2282.35 | 2400 |
| ASTRAL | 1734.6 | 1820 |
| ATGL | 674.35 | 720 |
| ATUL | 7023.15 | 7300 |
| AUBANK | 537.6 | 570 |
| AUROPHARMA | 1241.7 | 1240 |
| AXISBANK | 1071.85 | 1120 |
| BAJAJ-AUTO | 8787.25 | 9000 |
| BAJAJFINSV | 1569.65 | 1640 |
| BAJFINANCE | 6848.25 | 7000 |
| BALKRISIND | 2790.05 | 2800 |
| BANDHANBNK | 159.05 | 170 |
| BANKBARODA | 240.59 | 250 |
| BANKINDIA | 103.03 | 110 |
| BATAINDIA | 1342.25 | 1400 |
| BEL | 290.85 | 310 |
| BERGEPAINT | 444.8 | 465 |
| BHARATFORG | 1278.9 | 1340 |
| BHARTIARTL | 1578.1 | 1600 |
| BHEL | 235.3 | 250 |
| BIOCON | 335.95 | 355 |
| BOSCHLTD | 34576.95 | 35000 |
| BPCL | 289.05 | 295 |
| BRITANNIA | 4698.1 | 4800 |
| BSE | 5542.85 | 5300 |
| BSOFT | 577 | 600 |
| CAMS | 4951 | 5100 |
| CANBK | 99.61 | 104 |
| CANFINHOME | 747.7 | 790 |
| CDSL | 1860.75 | 1860 |
| CESC | 182.74 | 190 |
| CGPOWER | 730.05 | 760 |
| CHAMBLFERT | 509.15 | 520 |
| CHOLAFIN | 1189.55 | 1260 |
| CIPLA | 1472.05 | 1480 |
| COALINDIA | 382 | 414.25 |
| COFORGE | 9370.45 | 9200 |
| COLPAL | 2750.85 | 2850 |
| CONCOR | 767.95 | 830 |
| COROMANDEL | 1839.3 | 1800 |
| CROMPTON | 388.25 | 405 |
| CUB | 175.42 | 180 |
| CUMMINSIND | 3312.9 | 3450 |
| CYIENT | 1924.4 | 2000 |
| DABUR | 502.55 | 510 |
| DALBHARAT | 1801.9 | 1880 |
| DEEPAKNTR | 2596.85 | 2700 |
| DELHIVERY | 349.6 | 365 |
| DIVISLAB | 5846.75 | 6000 |
| DIXON | 17944.9 | 18000 |
| DLF | 830.7 | 850 |
| DMART | 3408.3 | 3600 |
| DRREDDY | 1343.65 | 1300 |
| EICHERMOT | 4734.5 | 4800 |
| ESCORTS | 3162.05 | 3350 |
| EXIDEIND | 426.3 | 450 |
| FEDERALBNK | 194.46 | 205 |
| GAIL | 192.42 | 200 |
| GLENMARK | 1541.65 | 1520 |
| GMRAIRPORT | 78.82 | 85 |
| GMRINFRA | 0 | 36 |
| GNFC | 583.8 | 610 |
| GODREJCP | 1069.6 | 1120 |
| GODREJPROP | 2855.95 | 2900 |
| GRANULES | 592.4 | 580 |
| GRASIM | 2488.7 | 2620 |
| GUJGASLTD | 499.8 | 500 |
| HAL | 4190.2 | 4500 |
| HAVELLS | 1657.4 | 1720 |
| HCLTECH | 1911.35 | 1900 |
| HDFCAMC | 4262.8 | 4400 |
| HDFCBANK | 1771.5 | 1800 |
| HDFCLIFE | 623.8 | 640 |
| HEROMOTOCO | 4339.95 | 4600 |
| HFCL | 113.35 | 120 |
| HINDALCO | 622.65 | 650 |
| HINDCOPPER | 271.5 | 290 |
| HINDPETRO | 399.5 | 400 |
| HINDUNILVR | 2333.9 | 2400 |
| HUDCO | 242.11 | 245 |
| ICICIBANK | 1288.4 | 1300 |
| ICICIGI | 1902.15 | 1920 |
| ICICIPRULI | 653.9 | 670 |
| IDEA | 7.4 | 8 |
| IDFCFIRSTB | 61.68 | 65 |
| IEX | 177.45 | 182.5 |
| IGL | 388.3 | 370 |
| INDHOTEL | 854.1 | 850 |
| INDIAMART | 2249.95 | 2350 |
| INDIANB | 537.15 | 580 |
| INDIGO | 4395.6 | 4400 |
| INDUSINDBK | 929.45 | 980 |
| INDUSTOWER | 337.1 | 350 |
| INFY | 1922.15 | 1920 |
| IOC | 137.08 | 142.5 |
| IPCALAB | 1582.5 | 1560 |
| IRB | 55.09 | 57 |
| IRCTC | 784.25 | 830 |
| IRFC | 148.41 | 155 |
| ITC | 464.65 | 470 |
| JINDALSTEL | 908.05 | 940 |
| JIOFIN | 304.3 | 325 |
| JKCEMENT | 4517.8 | 4600 |
| JSL | 719.8 | 730 |
| JSWENERGY | 669.8 | 660 |
| JSWSTEEL | 917.35 | 950 |
| JUBLFOOD | 672.7 | 670 |
| KALYANKJIL | 719.2 | 740 |
| KEI | 4166.25 | 4400 |
| KOTAKBANK | 1743.55 | 1780 |
| KPITTECH | 1451.25 | 1500 |
| LALPATHLAB | 2946.25 | 3050 |
| LAURUSLABS | 559.2 | 570 |
| LICHSGFIN | 582.25 | 620 |
| LICI | 901.7 | 940 |
| LODHA | 1400.7 | 1440 |
| LT | 3629.85 | 3750 |
| LTF | 136.48 | 145 |
| LTIM | 5824.3 | 6150 |
| LTTS | 4828.5 | 5200 |
| LUPIN | 2150.7 | 2100 |
| M&M | 2906.35 | 3000 |
| M&MFIN | 266.05 | 275 |
| MANAPPURAM | 181.03 | 180 |
| MARICO | 627.95 | 630 |
| MARUTI | 10901.05 | 11100 |
| MAXHEALTH | 1165.2 | 1140 |
| MCX | 6397.4 | 6500 |
| METROPOLIS | 2058.05 | 2120 |
| MFSL | 1109.2 | 1140 |
| MGL | 1215.3 | 1260 |
| MOTHERSON | 156.06 | 165 |
| MPHASIS | 2950.6 | 3100 |
| MRF | 128057.9 | 130000 |
| MUTHOOTFIN | 2075.65 | 2060 |
| NATIONALUM | 215.36 | 232.5 |
| NAUKRI | 8494.95 | 8600 |
| NAVINFLUOR | 3305.85 | 3500 |
| NCC | 287.55 | 300 |
| NESTLEIND | 2163.5 | 2220 |
| NHPC | 81.47 | 85 |
| NMDC | 213.15 | 230 |
| NTPC | 333.25 | 350 |
| NYKAA | 167.33 | 170 |
| OBEROIRLTY | 2247.8 | 2200 |
| OFSS | 12247.55 | 12500 |
| OIL | 421.8 | 450 |
| ONGC | 237.1 | 250 |
| PAGEIND | 48856.35 | 48500 |
| PAYTM | 945.25 | 980 |
| PEL | 1093.7 | 1160 |
| PERSISTENT | 6368.7 | 6400 |
| PETRONET | 336.45 | 340 |
| PFC | 453.3 | 480 |
| PIDILITIND | 2976.8 | 3080 |
| PIIND | 3813.75 | 4000 |
| PNB | 100.77 | 105 |
| POLICYBZR | 2092.15 | 2000 |
| POLYCAB | 7178.25 | 7300 |
| POONAWALLA | 318.85 | 340 |
| POWERGRID | 315.8 | 325 |
| PRESTIGE | 1794.5 | 1800 |
| PVRINOX | 1382.1 | 1520 |
| RAMCOCEM | 986.1 | 1010 |
| RBLBANK | 152.79 | 160 |
| RECLTD | 513.25 | 530 |
| RELIANCE | 1205.3 | 1280 |
| SAIL | 116.1 | 125 |
| SBICARD | 687 | 710 |
| SBILIFE | 1400.6 | 1420 |
| SBIN | 812 | 840 |
| SHREECEM | 27063.5 | 27000 |
| SHRIRAMFIN | 2877.25 | 3000 |
| SIEMENS | 6868.9 | 7300 |
| SJVN | 111.54 | 117.5 |
| SONACOMS | 588.45 | 620 |
| SRF | 2277.6 | 2300 |
| SUNPHARMA | 1808.85 | 1800 |
| SUNTV | 696.85 | 730 |
| SUPREMEIND | 4839.8 | 4900 |
| SYNGENE | 844 | 860 |
| TATACHEM | 1028.85 | 1080 |
| TATACOMM | 1710.45 | 1800 |
| TATACONSUM | 889.45 | 930 |
| TATAELXSI | 6921.6 | 7200 |
| TATAMOTORS | 724.05 | 770 |
| TATAPOWER | 401.1 | 420 |
| TATASTEEL | 140.68 | 147.5 |
| TCS | 4170.3 | 4300 |
| TECHM | 1686.05 | 1740 |
| TIINDIA | 3619.1 | 3700 |
| TITAN | 3356.25 | 3400 |
| TORNTPHARM | 3437 | 3400 |
| TRENT | 6831.55 | 6900 |
| TVSMOTOR | 2391.65 | 2500 |
| UBL | 2025.35 | 2000 |
| ULTRACEMCO | 11422.8 | 11500 |
| UNIONBANK | 116.78 | 125 |
| UNITDSPR | 1544.8 | 1540 |
| UPL | 504.5 | 537.2 |
| VBL | 612.55 | 630 |
| VEDL | 477.25 | 490 |
| VOLTAS | 1686.5 | 1740 |
| WIPRO | 305.2 | 302.5 |
| YESBANK | 19.83 | 21 |
| ZOMATO | 282.1 | 285 |
| ZYDUSLIFE | 973.5 | 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.
