IGL
Indraprastha Gas Ltd
Max pain for IGL
21 Nov 2024 02:11 PM IST
Max Pain for IGL is 330
Strike 260 has a total call value of 0 versus a total put value of 104,406,500,000 Combined total value = 104,406,500,000
Strike 270 has a total call value of 0 versus a total put value of 92,038,375,000 Combined total value = 92,038,375,000
Strike 280 has a total call value of 0 versus a total put value of 80,025,000,000 Combined total value = 80,025,000,000
Strike 290 has a total call value of 1,375,000 versus a total put value of 68,443,375,000 Combined total value = 68,444,750,000
Strike 300 has a total call value of 4,125,000 versus a total put value of 57,732,125,000 Combined total value = 57,736,250,000
Strike 310 has a total call value of 171,875,000 versus a total put value of 48,380,750,000 Combined total value = 48,552,625,000
Strike 320 has a total call value of 573,375,000 versus a total put value of 40,700,000,000 Combined total value = 41,273,375,000
Strike 330 has a total call value of 3,005,750,000 versus a total put value of 35,107,875,000 Combined total value = 38,113,625,000
Strike 340 has a total call value of 7,803,125,000 versus a total put value of 30,504,375,000 Combined total value = 38,307,500,000
Strike 350 has a total call value of 15,562,250,000 versus a total put value of 26,302,375,000 Combined total value = 41,864,625,000
Strike 360 has a total call value of 24,916,375,000 versus a total put value of 22,456,500,000 Combined total value = 47,372,875,000
Strike 370 has a total call value of 37,184,125,000 versus a total put value of 19,052,000,000 Combined total value = 56,236,125,000
Strike 380 has a total call value of 51,063,375,000 versus a total put value of 15,912,875,000 Combined total value = 66,976,250,000
Strike 390 has a total call value of 66,104,500,000 versus a total put value of 12,773,750,000 Combined total value = 78,878,250,000
Strike 400 has a total call value of 82,621,000,000 versus a total put value of 9,634,625,000 Combined total value = 92,255,625,000
Strike 410 has a total call value of 100,673,375,000 versus a total put value of 7,194,000,000 Combined total value = 107,867,375,000
Strike 420 has a total call value of 119,365,125,000 versus a total put value of 5,423,000,000 Combined total value = 124,788,125,000
Strike 430 has a total call value of 138,971,250,000 versus a total put value of 4,213,000,000 Combined total value = 143,184,250,000
Strike 440 has a total call value of 159,803,875,000 versus a total put value of 3,350,875,000 Combined total value = 163,154,750,000
Strike 450 has a total call value of 181,307,500,000 versus a total put value of 2,752,750,000 Combined total value = 184,060,250,000
Strike 460 has a total call value of 204,187,500,000 versus a total put value of 2,466,750,000 Combined total value = 206,654,250,000
Strike 470 has a total call value of 227,832,000,000 versus a total put value of 2,180,750,000 Combined total value = 230,012,750,000
Strike 480 has a total call value of 251,834,000,000 versus a total put value of 1,894,750,000 Combined total value = 253,728,750,000
Strike 490 has a total call value of 276,218,250,000 versus a total put value of 1,608,750,000 Combined total value = 277,827,000,000
Strike 500 has a total call value of 300,711,125,000 versus a total put value of 1,322,750,000 Combined total value = 302,033,875,000
Strike 510 has a total call value of 325,902,500,000 versus a total put value of 1,036,750,000 Combined total value = 326,939,250,000
Strike 520 has a total call value of 351,461,000,000 versus a total put value of 774,125,000 Combined total value = 352,235,125,000
Strike 530 has a total call value of 377,235,375,000 versus a total put value of 569,250,000 Combined total value = 377,804,625,000
Strike 540 has a total call value of 403,063,375,000 versus a total put value of 383,625,000 Combined total value = 403,447,000,000
Strike 550 has a total call value of 428,891,375,000 versus a total put value of 258,500,000 Combined total value = 429,149,875,000
Strike 560 has a total call value of 454,979,250,000 versus a total put value of 203,500,000 Combined total value = 455,182,750,000
Strike 570 has a total call value of 481,067,125,000 versus a total put value of 152,625,000 Combined total value = 481,219,750,000
Strike 580 has a total call value of 507,155,000,000 versus a total put value of 101,750,000 Combined total value = 507,256,750,000
Strike 590 has a total call value of 533,242,875,000 versus a total put value of 50,875,000 Combined total value = 533,293,750,000
Strike 600 has a total call value of 559,332,125,000 versus a total put value of 0 Combined total value = 559,332,125,000
Strike 610 has a total call value of 585,543,750,000 versus a total put value of 0 Combined total value = 585,543,750,000
Strike 620 has a total call value of 611,755,375,000 versus a total put value of 0 Combined total value = 611,755,375,000
Strike 630 has a total call value of 637,967,000,000 versus a total put value of 0 Combined total value = 637,967,000,000
Strike 640 has a total call value of 664,178,625,000 versus a total put value of 0 Combined total value = 664,178,625,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.85 | 470 |
| ABB | 6757.9 | 7000 |
| ABBOTINDIA | 26994.4 | 28000 |
| ABCAPITAL | 183.77 | 200 |
| ABFRL | 285.3 | 300 |
| ACC | 2037.85 | 2220 |
| ADANIENT | 2287 | 2640 |
| ADANIPORTS | 1135.35 | 1200 |
| ALKEM | 5578.65 | 5500 |
| AMBUJACEM | 496.15 | 540 |
| APOLLOHOSP | 6723.65 | 6900 |
| APOLLOTYRE | 484.65 | 480 |
| ASHOKLEY | 217.58 | 220 |
| ASIANPAINT | 2428.55 | 2540 |
| ASTRAL | 1713.75 | 1780 |
| ATUL | 7251.5 | 7500 |
| AUBANK | 593.55 | 590 |
| AUROPHARMA | 1219.8 | 1300 |
| AXISBANK | 1141.1 | 1150 |
| BAJAJ-AUTO | 9492 | 9700 |
| BAJAJFINSV | 1572.75 | 1620 |
| BAJFINANCE | 6475 | 6700 |
| BALKRISIND | 2741.8 | 2800 |
| BANDHANBNK | 166.49 | 177.5 |
| BANKBARODA | 229.8 | 240 |
| BATAINDIA | 1281.25 | 1310 |
| BEL | 275 | 285 |
| BERGEPAINT | 466.65 | 495 |
| BHARATFORG | 1298.2 | 1340 |
| BHARTIARTL | 1521.75 | 1540 |
| BHEL | 228.05 | 235 |
| BIOCON | 324.8 | 330 |
| BOSCHLTD | 34086 | 34000 |
| BPCL | 282.35 | 300 |
| BRITANNIA | 4772 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.86 | 100 |
| CANFINHOME | 823.6 | 830 |
| CHAMBLFERT | 459.95 | 480 |
| CHOLAFIN | 1210.35 | 1240 |
| CIPLA | 1459 | 1520 |
| COALINDIA | 405.7 | 425 |
| COFORGE | 8213.2 | 8000 |
| COLPAL | 2687.1 | 2800 |
| CONCOR | 769 | 810 |
| COROMANDEL | 1778 | 1720 |
| CROMPTON | 381.65 | 390 |
| CUB | 170.39 | 175 |
| CUMMINSIND | 3292 | 3400 |
| DABUR | 504.55 | 525 |
| DALBHARAT | 1778.45 | 1760 |
| DEEPAKNTR | 2624.15 | 2650 |
| DIVISLAB | 5956.85 | 5900 |
| DIXON | 15023.1 | 14750 |
| DLF | 777.35 | 780 |
| DRREDDY | 1193.3 | 1220 |
| EICHERMOT | 4905 | 4900 |
| ESCORTS | 3459.05 | 3600 |
| EXIDEIND | 416.4 | 440 |
| FEDERALBNK | 210.7 | 205 |
| GAIL | 188.82 | 197.5 |
| GLENMARK | 1466.4 | 1520 |
| GMRINFRA | 77.04 | 82 |
| GNFC | 556.9 | 570 |
| GODREJCP | 1180.2 | 1200 |
| GODREJPROP | 2712.45 | 2750 |
| GRANULES | 546.6 | 580 |
| GRASIM | 2542.95 | 2540 |
| GUJGASLTD | 454 | 480 |
| HAL | 3994 | 4200 |
| HAVELLS | 1632.05 | 1640 |
| HCLTECH | 1833 | 1820 |
| HDFCAMC | 4206 | 4300 |
| HDFCBANK | 1742.6 | 1740 |
| HDFCLIFE | 674.55 | 680 |
| HEROMOTOCO | 4756.3 | 4800 |
| HINDALCO | 645.7 | 650 |
| HINDCOPPER | 263.4 | 290 |
| HINDPETRO | 360.3 | 375 |
| HINDUNILVR | 2380 | 2480 |
| ICICIBANK | 1252.15 | 1260 |
| ICICIGI | 1818.05 | 1880 |
| ICICIPRULI | 679.95 | 690 |
| IDEA | 6.98 | 8 |
| IDFCFIRSTB | 63.18 | 66 |
| IEX | 161.37 | 170 |
| IGL | 311.85 | 330 |
| INDHOTEL | 791.25 | 760 |
| INDIAMART | 2251 | 2400 |
| INDIGO | 4063.25 | 4000 |
| INDUSINDBK | 974.2 | 1040 |
| INDUSTOWER | 330.35 | 340 |
| INFY | 1829.85 | 1800 |
| IOC | 131.12 | 140 |
| IPCALAB | 1569.15 | 1560 |
| IRCTC | 796.95 | 820 |
| ITC | 455.75 | 475 |
| JINDALSTEL | 874.5 | 900 |
| JKCEMENT | 4010.3 | 4000 |
| JSWSTEEL | 943.5 | 960 |
| JUBLFOOD | 610.95 | 620 |
| KOTAKBANK | 1735.45 | 1760 |
| LALPATHLAB | 3023.5 | 3100 |
| LAURUSLABS | 488.9 | 490 |
| LICHSGFIN | 611.7 | 630 |
| LT | 3493.55 | 3600 |
| LTF | 138.06 | 140 |
| LTIM | 5920.3 | 5900 |
| LTTS | 5179.35 | 5150 |
| LUPIN | 2040.95 | 2100 |
| M&M | 2943.3 | 2900 |
| M&MFIN | 257.15 | 265 |
| MANAPPURAM | 150.94 | 155 |
| MARICO | 590.4 | 600 |
| MARUTI | 10910.9 | 11000 |
| MCX | 6186.9 | 6200 |
| METROPOLIS | 2010.95 | 2060 |
| MFSL | 1176.9 | 1200 |
| MGL | 1118.1 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2777.1 | 2850 |
| MRF | 123168.8 | 122500 |
| MUTHOOTFIN | 1908 | 1880 |
| NATIONALUM | 248.74 | 240 |
| NAUKRI | 7543.3 | 7700 |
| NAVINFLUOR | 3267.15 | 3400 |
| NESTLEIND | 2205.65 | 2280 |
| NMDC | 218.51 | 225 |
| NTPC | 356.55 | 370 |
| OBEROIRLTY | 1934.5 | 1960 |
| OFSS | 11141.8 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44595.25 | 45500 |
| PEL | 1052.75 | 1060 |
| PERSISTENT | 5733.3 | 5600 |
| PETRONET | 320.8 | 328 |
| PFC | 452.8 | 460 |
| PIDILITIND | 2943.35 | 3060 |
| PIIND | 4130.3 | 4200 |
| PNB | 96.84 | 102 |
| POLYCAB | 6425.8 | 6500 |
| POWERGRID | 322.15 | 320 |
| PVRINOX | 1445.05 | 1500 |
| RAMCOCEM | 916.85 | 900 |
| RBLBANK | 157.76 | 160 |
| RECLTD | 490.3 | 510 |
| RELIANCE | 1220.2 | 1290 |
| SAIL | 111.17 | 115 |
| SBICARD | 674 | 690 |
| SBILIFE | 1483.4 | 1520 |
| SBIN | 781 | 800 |
| SHREECEM | 24251.3 | 24500 |
| SHRIRAMFIN | 2803.15 | 2900 |
| SIEMENS | 6685 | 6800 |
| SRF | 2155.55 | 2260 |
| SUNPHARMA | 1764.5 | 1800 |
| SUNTV | 728.45 | 730 |
| SYNGENE | 844.5 | 870 |
| TATACHEM | 1056.95 | 1100 |
| TATACOMM | 1711.45 | 1780 |
| TATACONSUM | 911.65 | 950 |
| TATAMOTORS | 777.9 | 800 |
| TATAPOWER | 410.35 | 420 |
| TATASTEEL | 140.4 | 145 |
| TCS | 4056.85 | 4100 |
| TECHM | 1698.5 | 1680 |
| TITAN | 3165.75 | 3200 |
| TORNTPHARM | 3096.85 | 3150 |
| TRENT | 6460.55 | 6600 |
| TVSMOTOR | 2399 | 2450 |
| UBL | 1820.95 | 1880 |
| ULTRACEMCO | 10928.25 | 11000 |
| UNITDSPR | 1491.15 | 1480 |
| UPL | 563.5 | 540 |
| VEDL | 442.75 | 460 |
| VOLTAS | 1672.4 | 1700 |
| WIPRO | 557 | 560 |
| ZYDUSLIFE | 941.75 | 960 |
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.
