IEX
Indian Energy Exc Ltd
Max pain for IEX
21 Nov 2024 04:03 PM IST
Max Pain for IEX is 170
Strike 145 has a total call value of 0 versus a total put value of 43,375,312,500 Combined total value = 43,375,312,500
Strike 147.5 has a total call value of 5,625,000 versus a total put value of 39,483,750,000 Combined total value = 39,489,375,000
Strike 150 has a total call value of 18,750,000 versus a total put value of 35,627,812,500 Combined total value = 35,646,562,500
Strike 152.5 has a total call value of 41,250,000 versus a total put value of 32,057,812,500 Combined total value = 32,099,062,500
Strike 155 has a total call value of 71,250,000 versus a total put value of 28,595,625,000 Combined total value = 28,666,875,000
Strike 157.5 has a total call value of 123,750,000 versus a total put value of 25,334,062,500 Combined total value = 25,457,812,500
Strike 160 has a total call value of 195,937,500 versus a total put value of 22,162,500,000 Combined total value = 22,358,437,500
Strike 162.5 has a total call value of 642,187,500 versus a total put value of 19,446,562,500 Combined total value = 20,088,750,000
Strike 165 has a total call value of 1,462,500,000 versus a total put value of 16,942,500,000 Combined total value = 18,405,000,000
Strike 167.5 has a total call value of 2,674,687,500 versus a total put value of 14,733,750,000 Combined total value = 17,408,437,500
Strike 170 has a total call value of 4,108,125,000 versus a total put value of 12,585,000,000 Combined total value = 16,693,125,000
Strike 172.5 has a total call value of 6,508,125,000 versus a total put value of 10,787,812,500 Combined total value = 17,295,937,500
Strike 175 has a total call value of 9,180,937,500 versus a total put value of 9,085,312,500 Combined total value = 18,266,250,000
Strike 177.5 has a total call value of 12,466,875,000 versus a total put value of 7,662,187,500 Combined total value = 20,129,062,500
Strike 180 has a total call value of 15,943,125,000 versus a total put value of 6,371,250,000 Combined total value = 22,314,375,000
Strike 182.5 has a total call value of 20,340,937,500 versus a total put value of 5,385,937,500 Combined total value = 25,726,875,000
Strike 185 has a total call value of 24,834,375,000 versus a total put value of 4,400,625,000 Combined total value = 29,235,000,000
Strike 187.5 has a total call value of 29,729,062,500 versus a total put value of 3,531,562,500 Combined total value = 33,260,625,000
Strike 190 has a total call value of 34,685,625,000 versus a total put value of 2,662,500,000 Combined total value = 37,348,125,000
Strike 192.5 has a total call value of 40,347,187,500 versus a total put value of 2,037,187,500 Combined total value = 42,384,375,000
Strike 195 has a total call value of 46,054,687,500 versus a total put value of 1,411,875,000 Combined total value = 47,466,562,500
Strike 197.5 has a total call value of 51,889,687,500 versus a total put value of 885,937,500 Combined total value = 52,775,625,000
Strike 200 has a total call value of 57,796,875,000 versus a total put value of 360,000,000 Combined total value = 58,156,875,000
Strike 202.5 has a total call value of 65,010,000,000 versus a total put value of 270,000,000 Combined total value = 65,280,000,000
Strike 205 has a total call value of 72,223,125,000 versus a total put value of 180,000,000 Combined total value = 72,403,125,000
Strike 207.5 has a total call value of 79,677,187,500 versus a total put value of 90,000,000 Combined total value = 79,767,187,500
Strike 210 has a total call value of 87,131,250,000 versus a total put value of 0 Combined total value = 87,131,250,000
Strike 212.5 has a total call value of 94,935,000,000 versus a total put value of 0 Combined total value = 94,935,000,000
Strike 215 has a total call value of 102,738,750,000 versus a total put value of 0 Combined total value = 102,738,750,000
Strike 217.5 has a total call value of 110,580,000,000 versus a total put value of 0 Combined total value = 110,580,000,000
Strike 220 has a total call value of 118,421,250,000 versus a total put value of 0 Combined total value = 118,421,250,000
Strike 222.5 has a total call value of 126,379,687,500 versus a total put value of 0 Combined total value = 126,379,687,500
Strike 225 has a total call value of 134,338,125,000 versus a total put value of 0 Combined total value = 134,338,125,000
Strike 227.5 has a total call value of 142,344,375,000 versus a total put value of 0 Combined total value = 142,344,375,000
Strike 230 has a total call value of 150,350,625,000 versus a total put value of 0 Combined total value = 150,350,625,000
Strike 232.5 has a total call value of 158,446,875,000 versus a total put value of 0 Combined total value = 158,446,875,000
Strike 235 has a total call value of 166,543,125,000 versus a total put value of 0 Combined total value = 166,543,125,000
Strike 237.5 has a total call value of 174,639,375,000 versus a total put value of 0 Combined total value = 174,639,375,000
Strike 240 has a total call value of 182,735,625,000 versus a total put value of 0 Combined total value = 182,735,625,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 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.
