IEX
Indian Energy Exc Ltd
Max pain for IEX
15 Jul 2025 11:37 AM ISTNext Refresh in
Max Pain for IEX is 200
Strike 160 has a total call value of 0 versus a total put value of 61,039,687,500 Combined total value = 61,039,687,500
Strike 162.5 has a total call value of 0 versus a total put value of 56,581,875,000 Combined total value = 56,581,875,000
Strike 165 has a total call value of 0 versus a total put value of 52,124,062,500 Combined total value = 52,124,062,500
Strike 167.5 has a total call value of 0 versus a total put value of 47,666,250,000 Combined total value = 47,666,250,000
Strike 170 has a total call value of 0 versus a total put value of 43,208,437,500 Combined total value = 43,208,437,500
Strike 172.5 has a total call value of 0 versus a total put value of 38,960,625,000 Combined total value = 38,960,625,000
Strike 175 has a total call value of 0 versus a total put value of 34,712,812,500 Combined total value = 34,712,812,500
Strike 177.5 has a total call value of 0 versus a total put value of 30,602,812,500 Combined total value = 30,602,812,500
Strike 180 has a total call value of 0 versus a total put value of 26,561,250,000 Combined total value = 26,561,250,000
Strike 182.5 has a total call value of 0 versus a total put value of 22,878,750,000 Combined total value = 22,878,750,000
Strike 185 has a total call value of 0 versus a total put value of 19,312,500,000 Combined total value = 19,312,500,000
Strike 187.5 has a total call value of 53,437,500 versus a total put value of 16,058,437,500 Combined total value = 16,111,875,000
Strike 190 has a total call value of 106,875,000 versus a total put value of 12,909,375,000 Combined total value = 13,016,250,000
Strike 192.5 has a total call value of 405,937,500 versus a total put value of 10,475,625,000 Combined total value = 10,881,562,500
Strike 195 has a total call value of 806,250,000 versus a total put value of 8,193,750,000 Combined total value = 9,000,000,000
Strike 197.5 has a total call value of 1,761,562,500 versus a total put value of 6,255,937,500 Combined total value = 8,017,500,000
Strike 200 has a total call value of 2,814,375,000 versus a total put value of 4,434,375,000 Combined total value = 7,248,750,000
Strike 202.5 has a total call value of 4,570,312,500 versus a total put value of 3,243,750,000 Combined total value = 7,814,062,500
Strike 205 has a total call value of 6,453,750,000 versus a total put value of 2,145,937,500 Combined total value = 8,599,687,500
Strike 207.5 has a total call value of 9,104,062,500 versus a total put value of 1,429,687,500 Combined total value = 10,533,750,000
Strike 210 has a total call value of 11,910,937,500 versus a total put value of 825,000,000 Combined total value = 12,735,937,500
Strike 212.5 has a total call value of 15,810,000,000 versus a total put value of 556,875,000 Combined total value = 16,366,875,000
Strike 215 has a total call value of 19,924,687,500 versus a total put value of 365,625,000 Combined total value = 20,290,312,500
Strike 217.5 has a total call value of 24,600,000,000 versus a total put value of 243,750,000 Combined total value = 24,843,750,000
Strike 220 has a total call value of 29,414,062,500 versus a total put value of 121,875,000 Combined total value = 29,535,937,500
Strike 222.5 has a total call value of 35,158,125,000 versus a total put value of 71,250,000 Combined total value = 35,229,375,000
Strike 225 has a total call value of 40,998,750,000 versus a total put value of 35,625,000 Combined total value = 41,034,375,000
Strike 227.5 has a total call value of 47,115,937,500 versus a total put value of 15,000,000 Combined total value = 47,130,937,500
Strike 230 has a total call value of 53,233,125,000 versus a total put value of 0 Combined total value = 53,233,125,000
Strike 232.5 has a total call value of 59,669,062,500 versus a total put value of 0 Combined total value = 59,669,062,500
Strike 235 has a total call value of 66,105,000,000 versus a total put value of 0 Combined total value = 66,105,000,000
Strike 237.5 has a total call value of 72,630,937,500 versus a total put value of 0 Combined total value = 72,630,937,500
Strike 240 has a total call value of 79,156,875,000 versus a total put value of 0 Combined total value = 79,156,875,000
Strike 242.5 has a total call value of 85,934,062,500 versus a total put value of 0 Combined total value = 85,934,062,500
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1195.4 | 1200 |
| AARTIIND | 448.85 | 455 |
| ABB | 5710 | 5900 |
| ABCAPITAL | 271.15 | 270 |
| ABFRL | 76.98 | 76 |
| ACC | 1988.5 | 1940 |
| ADANIENSOL | 875.75 | 880 |
| ADANIENT | 2591.5 | 2620 |
| ADANIGREEN | 1031.2 | 1000 |
| ADANIPORTS | 1443.7 | 1420 |
| ALKEM | 4903.3 | 4850 |
| AMBER | 7781 | 7400 |
| AMBUJACEM | 592 | 590 |
| ANGELONE | 2656.9 | 2700 |
| APLAPOLLO | 1715.9 | 1740 |
| APOLLOHOSP | 7253.5 | 7300 |
| ASHOKLEY | 250.4 | 250 |
| ASIANPAINT | 2404 | 2400 |
| ASTRAL | 1498.2 | 1500 |
| ATGL | 647.9 | 650 |
| AUBANK | 816.75 | 810 |
| AUROPHARMA | 1146.8 | 1140 |
| AXISBANK | 1171.1 | 1180 |
| BAJAJ-AUTO | 8263 | 8390 |
| BAJAJFINSV | 2022.8 | 2020 |
| BAJFINANCE | 922.65 | 930 |
| BALKRISIND | 2665.2 | 2580 |
| BANDHANBNK | 180.26 | 180 |
| BANKBARODA | 242.96 | 245 |
| BANKINDIA | 115.8 | 115.95 |
| BDL | 1821.1 | 1900 |
| BEL | 410.5 | 415 |
| BHARATFORG | 1229 | 1260 |
| BHARTIARTL | 1942.1 | 1960 |
| BHEL | 257.5 | 260 |
| BIOCON | 386.95 | 370 |
| BLUESTARCO | 1873 | 1780 |
| BOSCHLTD | 38465 | 36000 |
| BPCL | 349.6 | 340 |
| BRITANNIA | 5814.5 | 5800 |
| BSE | 2468.4 | 2600 |
| BSOFT | 427.7 | 430 |
| CAMS | 4234.5 | 4200 |
| CANBK | 115.56 | 114 |
| CDSL | 1685.9 | 1740 |
| CESC | 181.63 | 175 |
| CGPOWER | 673.2 | 670 |
| CHAMBLFERT | 552.25 | 560 |
| CHOLAFIN | 1549.2 | 1560 |
| CIPLA | 1482.9 | 1500 |
| COALINDIA | 385.6 | 395 |
| COFORGE | 1893.4 | 1880 |
| COLPAL | 2405.6 | 2400 |
| CONCOR | 616.5 | 610 |
| CROMPTON | 340.55 | 350 |
| CUMMINSIND | 3548.5 | 3400 |
| CYIENT | 1313 | 1300 |
| DABUR | 524.9 | 515 |
| DALBHARAT | 2170.5 | 2180 |
| DELHIVERY | 413.5 | 400 |
| DIVISLAB | 6785.5 | 6800 |
| DIXON | 15793 | 15250 |
| DLF | 841.35 | 840 |
| DMART | 4017.6 | 4100 |
| DRREDDY | 1254.7 | 1280 |
| EICHERMOT | 5632 | 5600 |
| ETERNAL | 266.4 | 260 |
| EXIDEIND | 386.3 | 390 |
| FEDERALBNK | 212.54 | 212.5 |
| FORTIS | 804 | 780 |
| GAIL | 184.33 | 190 |
| GLENMARK | 2207.5 | 2000 |
| GMRAIRPORT | 90.94 | 90 |
| GODREJCP | 1271.7 | 1260 |
| GODREJPROP | 2285.7 | 2300 |
| GRANULES | 487.3 | 490 |
| GRASIM | 2799.3 | 2800 |
| HAL | 4912 | 4900 |
| HAVELLS | 1531.8 | 1560 |
| HCLTECH | 1566 | 1600 |
| HDFCAMC | 5239.5 | 5100 |
| HDFCBANK | 1998 | 2000 |
| HDFCLIFE | 766.5 | 775 |
| HEROMOTOCO | 4414 | 4300 |
| HFCL | 82.61 | 85 |
| HINDALCO | 672.55 | 680 |
| HINDCOPPER | 262.5 | 265 |
| HINDPETRO | 433.05 | 430 |
| HINDUNILVR | 2523.2 | 2440 |
| HINDZINC | 438.75 | 450 |
| HUDCO | 234.79 | 235 |
| ICICIBANK | 1424.1 | 1430 |
| ICICIGI | 2004.8 | 2020 |
| ICICIPRULI | 671.9 | 660 |
| IDEA | 7.64 | 7 |
| IDFCFIRSTB | 73.05 | 75 |
| IEX | 208.13 | 200 |
| IGL | 219.65 | 215 |
| IIFL | 525 | 500 |
| INDHOTEL | 736.4 | 750 |
| INDIANB | 641.35 | 630 |
| INDIGO | 5943.5 | 5800 |
| INDUSINDBK | 881.5 | 860 |
| INDUSTOWER | 406.9 | 405 |
| INFY | 1596.5 | 1600 |
| INOXWIND | 173.68 | 175 |
| IOC | 151.25 | 150 |
| IRB | 48.49 | 49 |
| IRCTC | 772.5 | 780 |
| IREDA | 160.1 | 162.5 |
| IRFC | 135.05 | 140 |
| ITC | 421.9 | 420 |
| JINDALSTEL | 943.95 | 950 |
| JIOFIN | 320.7 | 320 |
| JSL | 688.5 | 680 |
| JSWENERGY | 529.4 | 510 |
| JSWSTEEL | 1038.7 | 1040 |
| JUBLFOOD | 687.2 | 690 |
| KALYANKJIL | 587.95 | 570 |
| KAYNES | 6038 | 6000 |
| KEI | 3815 | 3800 |
| KFINTECH | 1292 | 1300 |
| KOTAKBANK | 2220 | 2200 |
| KPITTECH | 1286.6 | 1280 |
| LAURUSLABS | 824.8 | 780 |
| LICHSGFIN | 614.6 | 610 |
| LICI | 922 | 930 |
| LODHA | 1439.5 | 1400 |
| LT | 3513.5 | 3560 |
| LTF | 204.71 | 200 |
| LTIM | 5260 | 5300 |
| LUPIN | 1941.6 | 1940 |
| M&M | 3144.3 | 3200 |
| M&MFIN | 265.05 | 263.5 |
| MANAPPURAM | 267.65 | 270 |
| MANKIND | 2656 | 2500 |
| MARICO | 731.5 | 730 |
| MARUTI | 12578 | 12600 |
| MAXHEALTH | 1261.2 | 1260 |
| MAZDOCK | 3105.2 | 3200 |
| MCX | 8296 | 8300 |
| MFSL | 1567.5 | 1600 |
| MGL | 1477.9 | 1500 |
| MOTHERSON | 157.99 | 155 |
| MPHASIS | 2880.3 | 2843 |
| MUTHOOTFIN | 2656.6 | 2600 |
| NATIONALUM | 190.33 | 190 |
| NAUKRI | 1386.1 | 1420 |
| NBCC | 116.34 | 115 |
| NCC | 227.69 | 225 |
| NESTLEIND | 2397.7 | 2420 |
| NHPC | 88.07 | 86 |
| NMDC | 68.27 | 70 |
| NTPC | 342.9 | 340 |
| NYKAA | 216.25 | 210 |
| OBEROIRLTY | 1833.2 | 1840 |
| OFSS | 8812 | 9000 |
| OIL | 445.2 | 450 |
| ONGC | 243.96 | 242.5 |
| PAGEIND | 48890 | 48000 |
| PATANJALI | 1707.7 | 1660 |
| PAYTM | 987.8 | 960 |
| PEL | 1320.7 | 1260 |
| PERSISTENT | 5619 | 5700 |
| PETRONET | 308.2 | 310 |
| PFC | 427.5 | 420 |
| PGEL | 805.55 | 760 |
| PHOENIXLTD | 1497.3 | 1500 |
| PIDILITIND | 2982.3 | 3000 |
| PIIND | 4130.8 | 4100 |
| PNB | 112.54 | 110 |
| PNBHOUSING | 1090.3 | 1100 |
| POLICYBZR | 1855.7 | 1850 |
| POLYCAB | 6868.5 | 6600 |
| POONAWALLA | 455.45 | 450 |
| POWERGRID | 298.35 | 300 |
| PPLPHARMA | 213.03 | 205 |
| PRESTIGE | 1765 | 1700 |
| RBLBANK | 265.75 | 247.5 |
| RECLTD | 401.05 | 400 |
| RELIANCE | 1491.8 | 1500 |
| RVNL | 383.45 | 390 |
| SAIL | 134.07 | 135 |
| SBICARD | 897.5 | 920 |
| SBILIFE | 1849.9 | 1840 |
| SBIN | 815.5 | 810 |
| SHREECEM | 30910 | 31000 |
| SHRIRAMFIN | 678.25 | 680 |
| SIEMENS | 3150.1 | 3200 |
| SJVN | 98.21 | 99 |
| SOLARINDS | 15449 | 16000 |
| SONACOMS | 457.9 | 470 |
| SRF | 3212.5 | 3200 |
| SUNPHARMA | 1716.2 | 1700 |
| SUPREMEIND | 4194.6 | 4300 |
| SYNGENE | 657.15 | 650 |
| TATACHEM | 935.1 | 940 |
| TATACOMM | 1726.9 | 1740 |
| TATACONSUM | 1075.3 | 1100 |
| TATAELXSI | 6373.5 | 6200 |
| TATAMOTORS | 681.8 | 690 |
| TATAPOWER | 402.25 | 405 |
| TATASTEEL | 159.38 | 160 |
| TATATECH | 723 | 720 |
| TCS | 3251 | 3300 |
| TECHM | 1581.9 | 1600 |
| TIINDIA | 2902.8 | 3000 |
| TITAGARH | 942.2 | 940 |
| TITAN | 3410 | 3450 |
| TORNTPHARM | 3436 | 3350 |
| TORNTPOWER | 1393.8 | 1420 |
| TRENT | 5340 | 5600 |
| TVSMOTOR | 2897 | 2860 |
| ULTRACEMCO | 12455 | 12300 |
| UNIONBANK | 147.31 | 145 |
| UNITDSPR | 1367.1 | 1400 |
| UNOMINDA | 1101 | 1100 |
| UPL | 674 | 650 |
| VBL | 465.45 | 460 |
| VEDL | 449.65 | 450 |
| VOLTAS | 1391.1 | 1340 |
| WIPRO | 258.45 | 260 |
| YESBANK | 20.01 | 20 |
| ZYDUSLIFE | 974.35 | 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.
