IGL
Indraprastha Gas Ltd
Max pain for IGL
03 Dec 2024 04:10 PM IST
Max Pain for IGL is 340
Strike 240 has a total call value of 0 versus a total put value of 90,934,250,000 Combined total value = 90,934,250,000
Strike 250 has a total call value of 0 versus a total put value of 81,034,250,000 Combined total value = 81,034,250,000
Strike 260 has a total call value of 0 versus a total put value of 71,134,250,000 Combined total value = 71,134,250,000
Strike 270 has a total call value of 0 versus a total put value of 61,283,750,000 Combined total value = 61,283,750,000
Strike 280 has a total call value of 0 versus a total put value of 51,726,125,000 Combined total value = 51,726,125,000
Strike 290 has a total call value of 0 versus a total put value of 42,394,000,000 Combined total value = 42,394,000,000
Strike 300 has a total call value of 89,375,000 versus a total put value of 33,676,500,000 Combined total value = 33,765,875,000
Strike 310 has a total call value of 537,625,000 versus a total put value of 25,991,625,000 Combined total value = 26,529,250,000
Strike 320 has a total call value of 1,656,875,000 versus a total put value of 19,287,125,000 Combined total value = 20,944,000,000
Strike 330 has a total call value of 3,460,875,000 versus a total put value of 13,868,250,000 Combined total value = 17,329,125,000
Strike 340 has a total call value of 6,509,250,000 versus a total put value of 9,757,000,000 Combined total value = 16,266,250,000
Strike 350 has a total call value of 10,932,625,000 versus a total put value of 7,001,500,000 Combined total value = 17,934,125,000
Strike 360 has a total call value of 17,510,625,000 versus a total put value of 5,077,875,000 Combined total value = 22,588,500,000
Strike 370 has a total call value of 26,188,250,000 versus a total put value of 3,895,375,000 Combined total value = 30,083,625,000
Strike 380 has a total call value of 36,803,250,000 versus a total put value of 3,051,125,000 Combined total value = 39,854,375,000
Strike 390 has a total call value of 48,470,125,000 versus a total put value of 2,314,125,000 Combined total value = 50,784,250,000
Strike 400 has a total call value of 61,168,250,000 versus a total put value of 1,674,750,000 Combined total value = 62,843,000,000
Strike 410 has a total call value of 76,411,500,000 versus a total put value of 1,409,375,000 Combined total value = 77,820,875,000
Strike 420 has a total call value of 92,097,500,000 versus a total put value of 1,156,375,000 Combined total value = 93,253,875,000
Strike 430 has a total call value of 108,348,625,000 versus a total put value of 913,000,000 Combined total value = 109,261,625,000
Strike 440 has a total call value of 124,789,500,000 versus a total put value of 775,500,000 Combined total value = 125,565,000,000
Strike 450 has a total call value of 141,399,500,000 versus a total put value of 644,875,000 Combined total value = 142,044,375,000
Strike 460 has a total call value of 158,188,250,000 versus a total put value of 514,250,000 Combined total value = 158,702,500,000
Strike 470 has a total call value of 175,022,375,000 versus a total put value of 383,625,000 Combined total value = 175,406,000,000
Strike 480 has a total call value of 191,859,250,000 versus a total put value of 255,750,000 Combined total value = 192,115,000,000
Strike 490 has a total call value of 208,712,625,000 versus a total put value of 127,875,000 Combined total value = 208,840,500,000
Strike 500 has a total call value of 225,566,000,000 versus a total put value of 0 Combined total value = 225,566,000,000
Strike 510 has a total call value of 242,559,625,000 versus a total put value of 0 Combined total value = 242,559,625,000
Strike 520 has a total call value of 259,553,250,000 versus a total put value of 0 Combined total value = 259,553,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.1 | 460 |
| ABB | 7537.55 | 7500 |
| ABBOTINDIA | 28441.05 | 28000 |
| ABCAPITAL | 199.47 | 200 |
| ABFRL | 316.3 | 320 |
| ACC | 2291.7 | 2300 |
| ADANIENSOL | 801.85 | 800 |
| ADANIENT | 2514.2 | 2540 |
| ADANIGREEN | 1312.8 | 1300 |
| ADANIPORTS | 1288.65 | 1240 |
| ALKEM | 5637.35 | 5600 |
| AMBUJACEM | 566.55 | 550 |
| ANGELONE | 3077.05 | 3000 |
| APLAPOLLO | 1556.8 | 1500 |
| APOLLOHOSP | 7126.55 | 7000 |
| APOLLOTYRE | 521.45 | 510 |
| ASHOKLEY | 235.18 | 230 |
| ASIANPAINT | 2469.4 | 2500 |
| ASTRAL | 1845.7 | 1840 |
| ATGL | 766.25 | 780 |
| ATUL | 7396.45 | 7300 |
| AUBANK | 594.85 | 590 |
| AUROPHARMA | 1264.3 | 1260 |
| AXISBANK | 1160.5 | 1150 |
| BAJAJ-AUTO | 9161.8 | 9200 |
| BAJAJFINSV | 1607.1 | 1600 |
| BAJFINANCE | 6675.45 | 6800 |
| BALKRISIND | 2842.2 | 2800 |
| BANDHANBNK | 175.27 | 175 |
| BANKBARODA | 254.55 | 250 |
| BANKINDIA | 114.02 | 110 |
| BATAINDIA | 1425.9 | 1400 |
| BEL | 312.1 | 305 |
| BERGEPAINT | 482.15 | 490 |
| BHARATFORG | 1350.4 | 1340 |
| BHARTIARTL | 1620.55 | 1600 |
| BHEL | 252.35 | 250 |
| BIOCON | 373.85 | 365 |
| BOSCHLTD | 34923.7 | 35000 |
| BPCL | 294.25 | 295 |
| BRITANNIA | 4909.6 | 4950 |
| BSE | 4513.8 | 4600 |
| BSOFT | 601.45 | 600 |
| CAMS | 5120.2 | 5000 |
| CANBK | 105.12 | 104 |
| CANFINHOME | 834.6 | 830 |
| CDSL | 1663.9 | 1660 |
| CESC | 184.28 | 180 |
| CGPOWER | 761.3 | 750 |
| CHAMBLFERT | 525.1 | 510 |
| CHOLAFIN | 1253.65 | 1260 |
| CIPLA | 1533.9 | 1540 |
| COALINDIA | 422.1 | 420 |
| COFORGE | 8718.25 | 8600 |
| COLPAL | 2896.25 | 2900 |
| CONCOR | 839.85 | 840 |
| COROMANDEL | 1777.5 | 1780 |
| CROMPTON | 409.15 | 410 |
| CUB | 182.9 | 180 |
| CUMMINSIND | 3512.3 | 3500 |
| CYIENT | 1876.6 | 1600 |
| DABUR | 522.55 | 530 |
| DALBHARAT | 1930.8 | 1880 |
| DEEPAKNTR | 2627 | 2700 |
| DELHIVERY | 341.15 | 340 |
| DIVISLAB | 6210.55 | 6150 |
| DIXON | 16866.45 | 16000 |
| DLF | 846.95 | 830 |
| DMART | 3829.85 | 3750 |
| DRREDDY | 1224.5 | 1220 |
| EICHERMOT | 4844.35 | 4900 |
| ESCORTS | 3517.05 | 3600 |
| EXIDEIND | 455.55 | 450 |
| FEDERALBNK | 209.96 | 210 |
| GAIL | 199.99 | 200 |
| GLENMARK | 1559.4 | 1540 |
| GMRINFRA | 83.61 | 84 |
| GNFC | 637.15 | 640 |
| GODREJCP | 1230.45 | 1240 |
| GODREJPROP | 2862.55 | 2850 |
| GRANULES | 534.15 | 560 |
| GRASIM | 2714 | 2640 |
| GUJGASLTD | 497.8 | 480 |
| HAL | 4518.85 | 4500 |
| HAVELLS | 1757.2 | 1740 |
| HCLTECH | 1890.75 | 1880 |
| HDFCAMC | 4258.3 | 4250 |
| HDFCBANK | 1826.3 | 1800 |
| HDFCLIFE | 634 | 650 |
| HEROMOTOCO | 4697 | 4800 |
| HFCL | 130.18 | 130 |
| HINDALCO | 667.55 | 660 |
| HINDCOPPER | 284.7 | 280 |
| HINDPETRO | 384.55 | 385 |
| HINDUNILVR | 2482.85 | 2500 |
| HUDCO | 235.54 | 230 |
| ICICIBANK | 1308.4 | 1300 |
| ICICIGI | 1896.35 | 1900 |
| ICICIPRULI | 684.2 | 700 |
| IDEA | 8.21 | 8 |
| IDFCFIRSTB | 65.2 | 65 |
| IEX | 178.1 | 177.5 |
| IGL | 361.25 | 340 |
| INDHOTEL | 806.65 | 790 |
| INDIAMART | 2357.55 | 2350 |
| INDIANB | 579.9 | 580 |
| INDIGO | 4405.5 | 4400 |
| INDUSINDBK | 998.35 | 1000 |
| INDUSTOWER | 353.9 | 350 |
| INFY | 1892.1 | 1900 |
| IOC | 139.51 | 140 |
| IPCALAB | 1502.75 | 1540 |
| IRB | 55.04 | 53 |
| IRCTC | 831.85 | 830 |
| IRFC | 148.2 | 147.5 |
| ITC | 472.55 | 475 |
| JINDALSTEL | 925.8 | 910 |
| JIOFIN | 340.35 | 330 |
| JKCEMENT | 4647.4 | 4500 |
| JSL | 716.05 | 700 |
| JSWENERGY | 642.95 | 650 |
| JSWSTEEL | 998.8 | 980 |
| JUBLFOOD | 657.05 | 650 |
| KALYANKJIL | 726.85 | 720 |
| KEI | 4340.25 | 4300 |
| KOTAKBANK | 1749.9 | 1780 |
| KPITTECH | 1430.7 | 1400 |
| LALPATHLAB | 2972.9 | 3050 |
| LAURUSLABS | 580.7 | 560 |
| LICHSGFIN | 635.35 | 640 |
| LICI | 969.75 | 980 |
| LODHA | 1296.3 | 1300 |
| LT | 3787.05 | 3700 |
| LTF | 145.62 | 145 |
| LTIM | 6167 | 6200 |
| LTTS | 5316.55 | 5300 |
| LUPIN | 2081.65 | 2060 |
| M&M | 3027.3 | 3000 |
| M&MFIN | 285.3 | 280 |
| MANAPPURAM | 164.19 | 162.5 |
| MARICO | 641.7 | 640 |
| MARUTI | 11279.25 | 11200 |
| MAXHEALTH | 1034.35 | 1000 |
| MCX | 6216.5 | 6200 |
| METROPOLIS | 2076.35 | 2100 |
| MFSL | 1142.35 | 1140 |
| MGL | 1278.25 | 1240 |
| MOTHERSON | 166.2 | 167.5 |
| MPHASIS | 3018.95 | 3000 |
| MRF | 125585.05 | 125000 |
| MUTHOOTFIN | 1932.8 | 1920 |
| NATIONALUM | 246.87 | 242.5 |
| NAUKRI | 8472.5 | 8300 |
| NAVINFLUOR | 3586.85 | 3550 |
| NCC | 314.5 | 310 |
| NESTLEIND | 2261.7 | 2300 |
| NHPC | 81.98 | 81 |
| NMDC | 235.68 | 235 |
| NTPC | 367.45 | 365 |
| NYKAA | 171.88 | 170 |
| OBEROIRLTY | 2060.35 | 2000 |
| OFSS | 12524.85 | 12000 |
| OIL | 490.3 | 480 |
| ONGC | 262.35 | 259 |
| PAGEIND | 46143.25 | 45500 |
| PAYTM | 902.6 | 900 |
| PEL | 1236.5 | 1200 |
| PERSISTENT | 6041.3 | 6000 |
| PETRONET | 339.3 | 333 |
| PFC | 501.15 | 490 |
| PIDILITIND | 3149 | 3100 |
| PIIND | 4138.1 | 4100 |
| PNB | 107.97 | 106 |
| POLICYBZR | 1926.25 | 1800 |
| POLYCAB | 7412.5 | 7200 |
| POONAWALLA | 348.55 | 350 |
| POWERGRID | 329.65 | 330 |
| PRESTIGE | 1724.15 | 1700 |
| PVRINOX | 1598.3 | 1560 |
| RAMCOCEM | 1040.1 | 1000 |
| RBLBANK | 162.71 | 155 |
| RECLTD | 539.7 | 530 |
| RELIANCE | 1323.3 | 1310 |
| SAIL | 122.79 | 120 |
| SBICARD | 704.4 | 700 |
| SBILIFE | 1440.95 | 1440 |
| SBIN | 853.95 | 840 |
| SHREECEM | 27159.35 | 26750 |
| SHRIRAMFIN | 3155.55 | 3100 |
| SIEMENS | 7731 | 7500 |
| SJVN | 117.03 | 115 |
| SONACOMS | 672.7 | 680 |
| SRF | 2311.25 | 2300 |
| SUNPHARMA | 1800.05 | 1800 |
| SUNTV | 774.5 | 760 |
| SUPREMEIND | 4763 | 4600 |
| SYNGENE | 934.85 | 930 |
| TATACHEM | 1136.4 | 1120 |
| TATACOMM | 1807.9 | 1800 |
| TATACONSUM | 955 | 960 |
| TATAELXSI | 7098.55 | 7000 |
| TATAMOTORS | 801.25 | 800 |
| TATAPOWER | 428.55 | 425 |
| TATASTEEL | 146.54 | 150 |
| TCS | 4302.75 | 4300 |
| TECHM | 1749.5 | 1740 |
| TIINDIA | 3620.15 | 3600 |
| TITAN | 3332.75 | 3300 |
| TORNTPHARM | 3363.1 | 3300 |
| TRENT | 6841.35 | 6800 |
| TVSMOTOR | 2556.2 | 2500 |
| UBL | 1955.85 | 1940 |
| ULTRACEMCO | 11852.35 | 11500 |
| UNIONBANK | 126.06 | 124 |
| UNITDSPR | 1542.95 | 1500 |
| UPL | 563.1 | 556.35 |
| VBL | 621.1 | 610 |
| VEDL | 468.35 | 460 |
| VOLTAS | 1688.15 | 1700 |
| WIPRO | 291.65 | 290 |
| YESBANK | 20.84 | 20 |
| ZOMATO | 279.85 | 270 |
| ZYDUSLIFE | 982.1 | 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.
