INDHOTEL
The Indian Hotels Co. Ltd
Max pain for INDHOTEL
21 Nov 2024 02:33 PM IST
Max Pain for INDHOTEL is 760
Strike 560 has a total call value of 0 versus a total put value of 230,673,000,000 Combined total value = 230,673,000,000
Strike 570 has a total call value of 0 versus a total put value of 216,823,000,000 Combined total value = 216,823,000,000
Strike 580 has a total call value of 0 versus a total put value of 202,973,000,000 Combined total value = 202,973,000,000
Strike 590 has a total call value of 0 versus a total put value of 189,180,000,000 Combined total value = 189,180,000,000
Strike 600 has a total call value of 0 versus a total put value of 175,421,000,000 Combined total value = 175,421,000,000
Strike 610 has a total call value of 0 versus a total put value of 161,796,000,000 Combined total value = 161,796,000,000
Strike 620 has a total call value of 0 versus a total put value of 148,278,000,000 Combined total value = 148,278,000,000
Strike 630 has a total call value of 0 versus a total put value of 134,934,000,000 Combined total value = 134,934,000,000
Strike 640 has a total call value of 0 versus a total put value of 121,681,000,000 Combined total value = 121,681,000,000
Strike 650 has a total call value of 0 versus a total put value of 108,620,000,000 Combined total value = 108,620,000,000
Strike 660 has a total call value of 95,000,000 versus a total put value of 96,132,000,000 Combined total value = 96,227,000,000
Strike 670 has a total call value of 288,000,000 versus a total put value of 84,002,000,000 Combined total value = 84,290,000,000
Strike 680 has a total call value of 596,000,000 versus a total put value of 72,217,000,000 Combined total value = 72,813,000,000
Strike 690 has a total call value of 1,185,000,000 versus a total put value of 61,078,000,000 Combined total value = 62,263,000,000
Strike 700 has a total call value of 2,114,000,000 versus a total put value of 50,261,000,000 Combined total value = 52,375,000,000
Strike 710 has a total call value of 3,251,000,000 versus a total put value of 41,054,000,000 Combined total value = 44,305,000,000
Strike 720 has a total call value of 4,570,000,000 versus a total put value of 32,320,000,000 Combined total value = 36,890,000,000
Strike 730 has a total call value of 6,299,000,000 versus a total put value of 24,285,000,000 Combined total value = 30,584,000,000
Strike 740 has a total call value of 8,400,000,000 versus a total put value of 17,065,000,000 Combined total value = 25,465,000,000
Strike 750 has a total call value of 11,195,000,000 versus a total put value of 10,900,000,000 Combined total value = 22,095,000,000
Strike 760 has a total call value of 14,675,000,000 versus a total put value of 6,389,000,000 Combined total value = 21,064,000,000
Strike 770 has a total call value of 19,106,000,000 versus a total put value of 3,361,000,000 Combined total value = 22,467,000,000
Strike 780 has a total call value of 24,550,000,000 versus a total put value of 1,367,000,000 Combined total value = 25,917,000,000
Strike 790 has a total call value of 30,922,000,000 versus a total put value of 529,000,000 Combined total value = 31,451,000,000
Strike 800 has a total call value of 38,110,000,000 versus a total put value of 276,000,000 Combined total value = 38,386,000,000
Strike 810 has a total call value of 47,073,000,000 versus a total put value of 190,000,000 Combined total value = 47,263,000,000
Strike 820 has a total call value of 56,712,000,000 versus a total put value of 130,000,000 Combined total value = 56,842,000,000
Strike 830 has a total call value of 67,501,000,000 versus a total put value of 73,000,000 Combined total value = 67,574,000,000
Strike 840 has a total call value of 78,326,000,000 versus a total put value of 16,000,000 Combined total value = 78,342,000,000
Strike 850 has a total call value of 89,997,000,000 versus a total put value of 8,000,000 Combined total value = 90,005,000,000
Strike 860 has a total call value of 101,696,000,000 versus a total put value of 0 Combined total value = 101,696,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.85 | 470 |
| ABB | 6761.75 | 7000 |
| ABBOTINDIA | 27014 | 28000 |
| ABCAPITAL | 183.51 | 200 |
| ABFRL | 284.9 | 300 |
| ACC | 2033 | 2220 |
| ADANIENT | 2262.75 | 2600 |
| ADANIPORTS | 1132.2 | 1200 |
| ALKEM | 5587.75 | 5500 |
| AMBUJACEM | 491.5 | 540 |
| APOLLOHOSP | 6728.2 | 6900 |
| APOLLOTYRE | 481.95 | 480 |
| ASHOKLEY | 217.56 | 220 |
| ASIANPAINT | 2431.7 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7235 | 7500 |
| AUBANK | 593.2 | 590 |
| AUROPHARMA | 1219.45 | 1300 |
| AXISBANK | 1139.55 | 1150 |
| BAJAJ-AUTO | 9490 | 9700 |
| BAJAJFINSV | 1568.7 | 1620 |
| BAJFINANCE | 6465.75 | 6700 |
| BALKRISIND | 2738.8 | 2800 |
| BANDHANBNK | 166.33 | 180 |
| BANKBARODA | 228.75 | 240 |
| BATAINDIA | 1280.9 | 1310 |
| BEL | 274.2 | 285 |
| BERGEPAINT | 465 | 495 |
| BHARATFORG | 1295 | 1340 |
| BHARTIARTL | 1521.8 | 1540 |
| BHEL | 228.56 | 235 |
| BIOCON | 323.65 | 330 |
| BOSCHLTD | 34091.7 | 34000 |
| BPCL | 281.75 | 300 |
| BRITANNIA | 4775.25 | 5000 |
| BSOFT | 546 | 560 |
| CANBK | 94.62 | 100 |
| CANFINHOME | 820.55 | 830 |
| CHAMBLFERT | 455.7 | 480 |
| CHOLAFIN | 1205.95 | 1240 |
| CIPLA | 1462.85 | 1520 |
| COALINDIA | 404.7 | 425 |
| COFORGE | 8195 | 8000 |
| COLPAL | 2687.6 | 2800 |
| CONCOR | 767.7 | 810 |
| COROMANDEL | 1772.4 | 1720 |
| CROMPTON | 381.25 | 390 |
| CUB | 170.26 | 175 |
| CUMMINSIND | 3289.85 | 3400 |
| DABUR | 505.15 | 525 |
| DALBHARAT | 1774.2 | 1760 |
| DEEPAKNTR | 2616.95 | 2650 |
| DIVISLAB | 5950.25 | 5900 |
| DIXON | 14997.95 | 14750 |
| DLF | 775.8 | 780 |
| DRREDDY | 1193.4 | 1220 |
| EICHERMOT | 4895.55 | 4900 |
| ESCORTS | 3452.7 | 3600 |
| EXIDEIND | 415.1 | 440 |
| FEDERALBNK | 210.13 | 205 |
| GAIL | 187.8 | 197.5 |
| GLENMARK | 1463.5 | 1520 |
| GMRINFRA | 76.92 | 82 |
| GNFC | 555.95 | 570 |
| GODREJCP | 1180.75 | 1200 |
| GODREJPROP | 2697.8 | 2750 |
| GRANULES | 545 | 570 |
| GRASIM | 2545.25 | 2540 |
| GUJGASLTD | 452.9 | 480 |
| HAL | 3983.35 | 4200 |
| HAVELLS | 1631.85 | 1640 |
| HCLTECH | 1831.8 | 1820 |
| HDFCAMC | 4214.05 | 4300 |
| HDFCBANK | 1739.95 | 1740 |
| HDFCLIFE | 673.95 | 680 |
| HEROMOTOCO | 4761.8 | 4800 |
| HINDALCO | 645.7 | 650 |
| HINDCOPPER | 262 | 290 |
| HINDPETRO | 358.4 | 375 |
| HINDUNILVR | 2386.8 | 2480 |
| ICICIBANK | 1251 | 1260 |
| ICICIGI | 1812.7 | 1880 |
| ICICIPRULI | 679.4 | 690 |
| IDEA | 6.93 | 8 |
| IDFCFIRSTB | 63.04 | 66 |
| IEX | 161.02 | 170 |
| IGL | 311.6 | 330 |
| INDHOTEL | 785.3 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4060 | 4000 |
| INDUSINDBK | 974.2 | 1040 |
| INDUSTOWER | 328.8 | 340 |
| INFY | 1833.9 | 1800 |
| IOC | 130.69 | 140 |
| IPCALAB | 1568.6 | 1560 |
| IRCTC | 794.15 | 820 |
| ITC | 456.25 | 475 |
| JINDALSTEL | 870.65 | 900 |
| JKCEMENT | 4006.95 | 4000 |
| JSWSTEEL | 940.5 | 960 |
| JUBLFOOD | 610.3 | 620 |
| KOTAKBANK | 1733.3 | 1760 |
| LALPATHLAB | 3028.85 | 3100 |
| LAURUSLABS | 488.7 | 490 |
| LICHSGFIN | 610.5 | 630 |
| LT | 3483.65 | 3600 |
| LTF | 137.49 | 140 |
| LTIM | 5923.05 | 5900 |
| LTTS | 5173 | 5150 |
| LUPIN | 2038.1 | 2100 |
| M&M | 2938 | 2900 |
| M&MFIN | 256.75 | 265 |
| MANAPPURAM | 150.64 | 155 |
| MARICO | 590.45 | 600 |
| MARUTI | 10873.75 | 11000 |
| MCX | 6159.25 | 6200 |
| METROPOLIS | 2011.5 | 2060 |
| MFSL | 1172.65 | 1200 |
| MGL | 1114.2 | 1160 |
| MOTHERSON | 161.49 | 175 |
| MPHASIS | 2781.5 | 2850 |
| MRF | 123205 | 122500 |
| MUTHOOTFIN | 1901.95 | 1880 |
| NATIONALUM | 245.42 | 240 |
| NAUKRI | 7536.2 | 7700 |
| NAVINFLUOR | 3260.1 | 3400 |
| NESTLEIND | 2202.7 | 2280 |
| NMDC | 217.74 | 225 |
| NTPC | 355 | 370 |
| OBEROIRLTY | 1929.7 | 1960 |
| OFSS | 11135.9 | 11500 |
| ONGC | 241.8 | 250 |
| PAGEIND | 44445.05 | 45500 |
| PEL | 1053.85 | 1060 |
| PERSISTENT | 5727.85 | 5600 |
| PETRONET | 320.25 | 328 |
| PFC | 452.55 | 460 |
| PIDILITIND | 2934.25 | 3060 |
| PIIND | 4124.1 | 4200 |
| PNB | 96.6 | 102 |
| POLYCAB | 6402.65 | 6500 |
| POWERGRID | 324.25 | 320 |
| PVRINOX | 1443.7 | 1500 |
| RAMCOCEM | 913.25 | 900 |
| RBLBANK | 156.97 | 160 |
| RECLTD | 490 | 510 |
| RELIANCE | 1218.4 | 1290 |
| SAIL | 110.65 | 117.5 |
| SBICARD | 675.35 | 690 |
| SBILIFE | 1480 | 1520 |
| SBIN | 780.2 | 800 |
| SHREECEM | 24170 | 24500 |
| SHRIRAMFIN | 2809 | 2900 |
| SIEMENS | 6660 | 6800 |
| SRF | 2152.95 | 2260 |
| SUNPHARMA | 1769.8 | 1800 |
| SUNTV | 727.25 | 730 |
| SYNGENE | 844.15 | 870 |
| TATACHEM | 1051.2 | 1100 |
| TATACOMM | 1707.95 | 1780 |
| TATACONSUM | 910.75 | 950 |
| TATAMOTORS | 775 | 800 |
| TATAPOWER | 409.2 | 420 |
| TATASTEEL | 140.1 | 145 |
| TCS | 4064.65 | 4100 |
| TECHM | 1698 | 1680 |
| TITAN | 3179.45 | 3200 |
| TORNTPHARM | 3101.4 | 3150 |
| TRENT | 6450.05 | 6600 |
| TVSMOTOR | 2395.6 | 2450 |
| UBL | 1816.25 | 1880 |
| ULTRACEMCO | 10947.55 | 11000 |
| UNITDSPR | 1489.15 | 1480 |
| UPL | 560.95 | 550 |
| VEDL | 440.85 | 460 |
| VOLTAS | 1667.6 | 1700 |
| WIPRO | 556.75 | 560 |
| ZYDUSLIFE | 942.9 | 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.
