IEX
Indian Energy Exc Ltd
Max pain for IEX
12 Nov 2024 04:13 PM IST
Max Pain for IEX is 175
Strike 145 has a total call value of 0 versus a total put value of 42,333,750,000 Combined total value = 42,333,750,000
Strike 147.5 has a total call value of 0 versus a total put value of 38,861,250,000 Combined total value = 38,861,250,000
Strike 150 has a total call value of 0 versus a total put value of 35,388,750,000 Combined total value = 35,388,750,000
Strike 152.5 has a total call value of 0 versus a total put value of 32,130,937,500 Combined total value = 32,130,937,500
Strike 155 has a total call value of 0 versus a total put value of 28,875,937,500 Combined total value = 28,875,937,500
Strike 157.5 has a total call value of 4,687,500 versus a total put value of 25,769,062,500 Combined total value = 25,773,750,000
Strike 160 has a total call value of 18,750,000 versus a total put value of 22,702,500,000 Combined total value = 22,721,250,000
Strike 162.5 has a total call value of 83,437,500 versus a total put value of 19,980,000,000 Combined total value = 20,063,437,500
Strike 165 has a total call value of 168,750,000 versus a total put value of 17,295,937,500 Combined total value = 17,464,687,500
Strike 167.5 has a total call value of 304,687,500 versus a total put value of 14,798,437,500 Combined total value = 15,103,125,000
Strike 170 has a total call value of 502,500,000 versus a total put value of 12,389,062,500 Combined total value = 12,891,562,500
Strike 172.5 has a total call value of 1,421,250,000 versus a total put value of 10,490,625,000 Combined total value = 11,911,875,000
Strike 175 has a total call value of 2,613,750,000 versus a total put value of 8,700,000,000 Combined total value = 11,313,750,000
Strike 177.5 has a total call value of 4,321,875,000 versus a total put value of 7,211,250,000 Combined total value = 11,533,125,000
Strike 180 has a total call value of 6,257,812,500 versus a total put value of 5,858,437,500 Combined total value = 12,116,250,000
Strike 182.5 has a total call value of 9,667,500,000 versus a total put value of 4,837,500,000 Combined total value = 14,505,000,000
Strike 185 has a total call value of 13,197,187,500 versus a total put value of 3,856,875,000 Combined total value = 17,054,062,500
Strike 187.5 has a total call value of 17,221,875,000 versus a total put value of 3,002,812,500 Combined total value = 20,224,687,500
Strike 190 has a total call value of 21,349,687,500 versus a total put value of 2,191,875,000 Combined total value = 23,541,562,500
Strike 192.5 has a total call value of 26,330,625,000 versus a total put value of 1,633,125,000 Combined total value = 27,963,750,000
Strike 195 has a total call value of 31,361,250,000 versus a total put value of 1,074,375,000 Combined total value = 32,435,625,000
Strike 197.5 has a total call value of 36,577,500,000 versus a total put value of 615,937,500 Combined total value = 37,193,437,500
Strike 200 has a total call value of 41,869,687,500 versus a total put value of 157,500,000 Combined total value = 42,027,187,500
Strike 202.5 has a total call value of 48,801,562,500 versus a total put value of 144,375,000 Combined total value = 48,945,937,500
Strike 205 has a total call value of 55,733,437,500 versus a total put value of 131,250,000 Combined total value = 55,864,687,500
Strike 207.5 has a total call value of 62,933,437,500 versus a total put value of 118,125,000 Combined total value = 63,051,562,500
Strike 210 has a total call value of 70,136,250,000 versus a total put value of 105,000,000 Combined total value = 70,241,250,000
Strike 212.5 has a total call value of 77,797,500,000 versus a total put value of 91,875,000 Combined total value = 77,889,375,000
Strike 215 has a total call value of 85,458,750,000 versus a total put value of 78,750,000 Combined total value = 85,537,500,000
Strike 217.5 has a total call value of 93,161,250,000 versus a total put value of 65,625,000 Combined total value = 93,226,875,000
Strike 220 has a total call value of 100,863,750,000 versus a total put value of 52,500,000 Combined total value = 100,916,250,000
Strike 222.5 has a total call value of 108,691,875,000 versus a total put value of 39,375,000 Combined total value = 108,731,250,000
Strike 225 has a total call value of 116,520,000,000 versus a total put value of 26,250,000 Combined total value = 116,546,250,000
Strike 227.5 has a total call value of 124,396,875,000 versus a total put value of 13,125,000 Combined total value = 124,410,000,000
Strike 230 has a total call value of 132,273,750,000 versus a total put value of 0 Combined total value = 132,273,750,000
Strike 232.5 has a total call value of 140,253,750,000 versus a total put value of 0 Combined total value = 140,253,750,000
Strike 235 has a total call value of 148,233,750,000 versus a total put value of 0 Combined total value = 148,233,750,000
Strike 237.5 has a total call value of 156,213,750,000 versus a total put value of 0 Combined total value = 156,213,750,000
Strike 240 has a total call value of 164,193,750,000 versus a total put value of 0 Combined total value = 164,193,750,000
Strike 242.5 has a total call value of 172,211,250,000 versus a total put value of 0 Combined total value = 172,211,250,000
Strike 245 has a total call value of 180,228,750,000 versus a total put value of 0 Combined total value = 180,228,750,000
Strike 247.5 has a total call value of 188,253,750,000 versus a total put value of 0 Combined total value = 188,253,750,000
Strike 250 has a total call value of 196,278,750,000 versus a total put value of 0 Combined total value = 196,278,750,000
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.
