IEX
Indian Energy Exc Ltd
Max pain for IEX
28 Feb 2025 04:13 PM IST
Max Pain for IEX is 165
Strike 130 has a total call value of 0 versus a total put value of 46,022,812,500 Combined total value = 46,022,812,500
Strike 132.5 has a total call value of 0 versus a total put value of 42,236,250,000 Combined total value = 42,236,250,000
Strike 135 has a total call value of 0 versus a total put value of 38,449,687,500 Combined total value = 38,449,687,500
Strike 137.5 has a total call value of 0 versus a total put value of 34,953,750,000 Combined total value = 34,953,750,000
Strike 140 has a total call value of 0 versus a total put value of 31,457,812,500 Combined total value = 31,457,812,500
Strike 142.5 has a total call value of 13,125,000 versus a total put value of 28,251,562,500 Combined total value = 28,264,687,500
Strike 145 has a total call value of 26,250,000 versus a total put value of 25,048,125,000 Combined total value = 25,074,375,000
Strike 147.5 has a total call value of 57,187,500 versus a total put value of 22,039,687,500 Combined total value = 22,096,875,000
Strike 150 has a total call value of 98,437,500 versus a total put value of 19,071,562,500 Combined total value = 19,170,000,000
Strike 152.5 has a total call value of 213,750,000 versus a total put value of 16,725,937,500 Combined total value = 16,939,687,500
Strike 155 has a total call value of 365,625,000 versus a total put value of 14,470,312,500 Combined total value = 14,835,937,500
Strike 157.5 has a total call value of 631,875,000 versus a total put value of 12,458,437,500 Combined total value = 13,090,312,500
Strike 160 has a total call value of 950,625,000 versus a total put value of 10,489,687,500 Combined total value = 11,440,312,500
Strike 162.5 has a total call value of 1,733,437,500 versus a total put value of 9,338,437,500 Combined total value = 11,071,875,000
Strike 165 has a total call value of 2,599,687,500 versus a total put value of 8,264,062,500 Combined total value = 10,863,750,000
Strike 167.5 has a total call value of 3,810,937,500 versus a total put value of 7,307,812,500 Combined total value = 11,118,750,000
Strike 170 has a total call value of 5,086,875,000 versus a total put value of 6,375,937,500 Combined total value = 11,462,812,500
Strike 172.5 has a total call value of 7,112,812,500 versus a total put value of 5,713,125,000 Combined total value = 12,825,937,500
Strike 175 has a total call value of 9,205,312,500 versus a total put value of 5,067,187,500 Combined total value = 14,272,500,000
Strike 177.5 has a total call value of 11,637,187,500 versus a total put value of 4,470,937,500 Combined total value = 16,108,125,000
Strike 180 has a total call value of 14,151,562,500 versus a total put value of 3,892,500,000 Combined total value = 18,044,062,500
Strike 182.5 has a total call value of 17,142,187,500 versus a total put value of 3,432,187,500 Combined total value = 20,574,375,000
Strike 185 has a total call value of 20,187,187,500 versus a total put value of 2,971,875,000 Combined total value = 23,159,062,500
Strike 187.5 has a total call value of 23,338,125,000 versus a total put value of 2,524,687,500 Combined total value = 25,862,812,500
Strike 190 has a total call value of 26,489,062,500 versus a total put value of 2,077,500,000 Combined total value = 28,566,562,500
Strike 192.5 has a total call value of 29,872,500,000 versus a total put value of 1,702,500,000 Combined total value = 31,575,000,000
Strike 195 has a total call value of 33,255,937,500 versus a total put value of 1,327,500,000 Combined total value = 34,583,437,500
Strike 197.5 has a total call value of 36,639,375,000 versus a total put value of 952,500,000 Combined total value = 37,591,875,000
Strike 200 has a total call value of 40,022,812,500 versus a total put value of 577,500,000 Combined total value = 40,600,312,500
Strike 202.5 has a total call value of 43,697,812,500 versus a total put value of 433,125,000 Combined total value = 44,130,937,500
Strike 205 has a total call value of 47,372,812,500 versus a total put value of 288,750,000 Combined total value = 47,661,562,500
Strike 207.5 has a total call value of 51,060,937,500 versus a total put value of 144,375,000 Combined total value = 51,205,312,500
Strike 210 has a total call value of 54,749,062,500 versus a total put value of 0 Combined total value = 54,749,062,500
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 376 | 400 |
| ABB | 4935.4 | 5200 |
| ABCAPITAL | 156.33 | 165 |
| ABFRL | 242.15 | 255 |
| ACC | 1818.55 | 2000 |
| ADANIENSOL | 650.9 | 680 |
| ADANIENT | 2096 | 2500 |
| ADANIGREEN | 774.4 | 820 |
| ADANIPORTS | 1069.4 | 1100 |
| ALKEM | 4646.2 | 4650 |
| AMBUJACEM | 464.95 | 510 |
| ANGELONE | 2169.15 | 2100 |
| APLAPOLLO | 1438.95 | 1460 |
| APOLLOHOSP | 6052.6 | 6200 |
| APOLLOTYRE | 374.3 | 400 |
| ASHOKLEY | 212.94 | 220 |
| ASIANPAINT | 2179.75 | 2260 |
| ASTRAL | 1337.25 | 1400 |
| ATGL | 557.15 | 560 |
| AUBANK | 565.7 | 555 |
| AUROPHARMA | 1058.3 | 1100 |
| AXISBANK | 1015.55 | 1030 |
| BAJAJ-AUTO | 7902.9 | 8300 |
| BAJAJFINSV | 1872.3 | 1900 |
| BAJFINANCE | 8530.3 | 8500 |
| BALKRISIND | 2615.65 | 2700 |
| BANDHANBNK | 141.19 | 145 |
| BANKBARODA | 197.07 | 215 |
| BANKINDIA | 95.16 | 100 |
| BEL | 246.25 | 260 |
| BERGEPAINT | 488.55 | 490 |
| BHARATFORG | 1016.5 | 1040 |
| BHARTIARTL | 1570.2 | 1620 |
| BHEL | 179.17 | 195 |
| BIOCON | 302.45 | 320 |
| BOSCHLTD | 26544 | 30000 |
| BPCL | 237.3 | 250 |
| BRITANNIA | 4595.45 | 4800 |
| BSE | 4633.7 | 5100 |
| BSOFT | 424.05 | 450 |
| CAMS | 3143.1 | 3300 |
| CANBK | 80.9 | 88 |
| CDSL | 1107.9 | 1200 |
| CESC | 130.79 | 135 |
| CGPOWER | 572.6 | 580 |
| CHAMBLFERT | 533.7 | 550 |
| CHOLAFIN | 1400.75 | 1400 |
| CIPLA | 1407.5 | 1460 |
| COALINDIA | 369.35 | 380 |
| COFORGE | 7362.15 | 7400 |
| COLPAL | 2464.6 | 2500 |
| CONCOR | 623.7 | 680 |
| CROMPTON | 321.15 | 330 |
| CUMMINSIND | 2717.95 | 2800 |
| CYIENT | 1267.15 | 1300 |
| DABUR | 493.3 | 510 |
| DALBHARAT | 1689.65 | 1700 |
| DEEPAKNTR | 1851.3 | 1900 |
| DELHIVERY | 249.85 | 260 |
| DIVISLAB | 5480.25 | 5650 |
| DIXON | 13935.85 | 14000 |
| DLF | 635.55 | 670 |
| DMART | 3403.95 | 3550 |
| DRREDDY | 1116.5 | 1150 |
| EICHERMOT | 4773.6 | 4950 |
| ESCORTS | 2868.95 | 3000 |
| EXIDEIND | 347.8 | 370 |
| FEDERALBNK | 177.62 | 180 |
| GAIL | 156.04 | 160 |
| GLENMARK | 1278.95 | 1300 |
| GMRAIRPORT | 69.47 | 71 |
| GODREJCP | 1005.15 | 1030 |
| GODREJPROP | 1936.3 | 2000 |
| GRANULES | 461.8 | 490 |
| GRASIM | 2306.65 | 2360 |
| HAL | 3088.2 | 3400 |
| HAVELLS | 1421.8 | 1440 |
| HCLTECH | 1575.05 | 1640 |
| HDFCAMC | 3628.3 | 3800 |
| HDFCBANK | 1732.4 | 1720 |
| HDFCLIFE | 608.5 | 620 |
| HEROMOTOCO | 3681.1 | 3800 |
| HFCL | 79.19 | 85 |
| HINDALCO | 634.35 | 630 |
| HINDCOPPER | 202.32 | 220 |
| HINDPETRO | 293.75 | 310 |
| HINDUNILVR | 2190.25 | 2300 |
| HUDCO | 165.14 | 180 |
| ICICIBANK | 1204.1 | 1250 |
| ICICIGI | 1690.95 | 1720 |
| ICICIPRULI | 551.6 | 560 |
| IDEA | 7.55 | 8 |
| IDFCFIRSTB | 58.39 | 61 |
| IEX | 155.93 | 165 |
| IGL | 189.48 | 195 |
| INDHOTEL | 716.1 | 740 |
| INDIANB | 510.8 | 520 |
| INDIGO | 4477.3 | 4500 |
| INDUSINDBK | 990.1 | 1040 |
| INDUSTOWER | 323.35 | 345 |
| INFY | 1687.7 | 1760 |
| IOC | 113.49 | 120 |
| IRB | 43.26 | 45 |
| IRCTC | 670.95 | 710 |
| IRFC | 112.42 | 115 |
| ITC | 395 | 405 |
| JINDALSTEL | 856.15 | 880 |
| JIOFIN | 207.61 | 220 |
| JKCEMENT | 4389.35 | 4500 |
| JSL | 584.85 | 610 |
| JSWENERGY | 464.1 | 460 |
| JSWSTEEL | 950.7 | 970 |
| JUBLFOOD | 626.1 | 650 |
| KALYANKJIL | 462.25 | 460 |
| KEI | 3070.15 | 3000 |
| KOTAKBANK | 1902.95 | 1940 |
| KPITTECH | 1197.4 | 1260 |
| LAURUSLABS | 527.2 | 540 |
| LICHSGFIN | 496.9 | 530 |
| LICI | 740.5 | 760 |
| LODHA | 1130.9 | 1200 |
| LT | 3163.85 | 3300 |
| LTF | 134.73 | 140 |
| LTIM | 4665.95 | 5000 |
| LTTS | 4533.2 | 4700 |
| LUPIN | 1904.65 | 1900 |
| M&M | 2585.1 | 2700 |
| M&MFIN | 270.6 | 280 |
| MANAPPURAM | 200.96 | 200 |
| MARICO | 600.6 | 620 |
| MARUTI | 11945.85 | 12200 |
| MAXHEALTH | 978.1 | 1020 |
| MCX | 4991.65 | 5400 |
| MFSL | 998.1 | 1040 |
| MGL | 1237.5 | 1300 |
| MOTHERSON | 118.59 | 125 |
| MPHASIS | 2247.25 | 2350 |
| MRF | 105373.7 | 110000 |
| MUTHOOTFIN | 2132.8 | 2200 |
| NATIONALUM | 177.6 | 186 |
| NAUKRI | 6992.65 | 7300 |
| NBCC | 72.86 | 77.5 |
| NCC | 175 | 180 |
| NESTLEIND | 2189.65 | 2260 |
| NHPC | 72.9 | 75 |
| NMDC | 62.48 | 69 |
| NTPC | 311.45 | 320 |
| NYKAA | 158.8 | 160 |
| OBEROIRLTY | 1484.5 | 1520 |
| OFSS | 7763.9 | 8000 |
| OIL | 342.7 | 370 |
| ONGC | 225.25 | 235 |
| PAGEIND | 40515.95 | 42000 |
| PAYTM | 714.95 | 740 |
| PEL | 872.4 | 940 |
| PERSISTENT | 5303.9 | 5400 |
| PETRONET | 283.3 | 290 |
| PFC | 364.3 | 390 |
| PHOENIXLTD | 1548.1 | 1500 |
| PIDILITIND | 2657.9 | 2800 |
| PIIND | 3013.95 | 3100 |
| PNB | 87.39 | 95 |
| POLICYBZR | 1463.6 | 1550 |
| POLYCAB | 4713.4 | 4900 |
| POONAWALLA | 281.3 | 280 |
| POWERGRID | 250.85 | 265 |
| PRESTIGE | 1126.6 | 1150 |
| RAMCOCEM | 829 | 850 |
| RBLBANK | 158.34 | 160 |
| RECLTD | 360.3 | 390 |
| RELIANCE | 1200.1 | 1250 |
| SAIL | 105.02 | 110 |
| SBICARD | 838.8 | 850 |
| SBILIFE | 1430.5 | 1480 |
| SBIN | 688.8 | 720 |
| SHREECEM | 27284 | 27250 |
| SHRIRAMFIN | 617.3 | 610 |
| SIEMENS | 4623.5 | 4800 |
| SJVN | 84.11 | 87.5 |
| SOLARINDS | 8710.6 | 9000 |
| SONACOMS | 493.9 | 500 |
| SRF | 2795.4 | 2800 |
| SUNPHARMA | 1593.25 | 1640 |
| SUPREMEIND | 3329 | 3500 |
| SYNGENE | 652.4 | 700 |
| TATACHEM | 777.35 | 840 |
| TATACOMM | 1352.5 | 1400 |
| TATACONSUM | 963.7 | 1000 |
| TATAELXSI | 5411.1 | 5500 |
| TATAMOTORS | 620.65 | 660 |
| TATAPOWER | 339.2 | 360 |
| TATASTEEL | 137.2 | 140 |
| TCS | 3483.25 | 3650 |
| TECHM | 1487.85 | 1560 |
| TIINDIA | 2462.15 | 2600 |
| TITAN | 3077.25 | 3200 |
| TORNTPHARM | 2948.1 | 3000 |
| TORNTPOWER | 1262.95 | 1300 |
| TRENT | 4851.55 | 5000 |
| TVSMOTOR | 2225.5 | 2320 |
| ULTRACEMCO | 10128.45 | 10500 |
| UNIONBANK | 112.1 | 115 |
| UNITDSPR | 1284.45 | 1300 |
| UPL | 632.95 | 640 |
| USDINR | 0 | 77.25 |
| VBL | 436.05 | 470 |
| VEDL | 394.75 | 430 |
| VOLTAS | 1320.1 | 1300 |
| WIPRO | 277.65 | 290 |
| YESBANK | 16.75 | 18 |
| ZOMATO | 222.1 | 230 |
| ZYDUSLIFE | 876.6 | 900 |
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.
