INDIGO
Interglobe Aviation Ltd
Max pain for INDIGO
12 May 2025 04:11 PM IST
Max Pain for INDIGO is 5350
Strike 4000 has a total call value of 0 versus a total put value of 257,234,250,000 Combined total value = 257,234,250,000
Strike 4050 has a total call value of 0 versus a total put value of 243,944,250,000 Combined total value = 243,944,250,000
Strike 4100 has a total call value of 0 versus a total put value of 230,654,250,000 Combined total value = 230,654,250,000
Strike 4150 has a total call value of 0 versus a total put value of 217,364,250,000 Combined total value = 217,364,250,000
Strike 4200 has a total call value of 0 versus a total put value of 204,074,250,000 Combined total value = 204,074,250,000
Strike 4250 has a total call value of 0 versus a total put value of 190,784,250,000 Combined total value = 190,784,250,000
Strike 4300 has a total call value of 0 versus a total put value of 177,607,500,000 Combined total value = 177,607,500,000
Strike 4350 has a total call value of 0 versus a total put value of 164,680,500,000 Combined total value = 164,680,500,000
Strike 4400 has a total call value of 0 versus a total put value of 151,847,250,000 Combined total value = 151,847,250,000
Strike 4450 has a total call value of 18,750,000 versus a total put value of 139,128,750,000 Combined total value = 139,147,500,000
Strike 4500 has a total call value of 37,500,000 versus a total put value of 126,492,000,000 Combined total value = 126,529,500,000
Strike 4550 has a total call value of 90,750,000 versus a total put value of 114,916,500,000 Combined total value = 115,007,250,000
Strike 4600 has a total call value of 144,000,000 versus a total put value of 103,430,250,000 Combined total value = 103,574,250,000
Strike 4650 has a total call value of 205,500,000 versus a total put value of 92,224,500,000 Combined total value = 92,430,000,000
Strike 4700 has a total call value of 267,000,000 versus a total put value of 82,183,500,000 Combined total value = 82,450,500,000
Strike 4750 has a total call value of 351,000,000 versus a total put value of 72,736,500,000 Combined total value = 73,087,500,000
Strike 4800 has a total call value of 435,750,000 versus a total put value of 63,397,500,000 Combined total value = 63,833,250,000
Strike 4850 has a total call value of 567,000,000 versus a total put value of 54,828,750,000 Combined total value = 55,395,750,000
Strike 4900 has a total call value of 702,750,000 versus a total put value of 46,354,500,000 Combined total value = 47,057,250,000
Strike 4950 has a total call value of 925,500,000 versus a total put value of 38,919,750,000 Combined total value = 39,845,250,000
Strike 5000 has a total call value of 1,225,500,000 versus a total put value of 31,721,250,000 Combined total value = 32,946,750,000
Strike 5050 has a total call value of 2,376,750,000 versus a total put value of 26,871,750,000 Combined total value = 29,248,500,000
Strike 5100 has a total call value of 3,593,250,000 versus a total put value of 22,358,250,000 Combined total value = 25,951,500,000
Strike 5150 has a total call value of 5,113,500,000 versus a total put value of 18,432,750,000 Combined total value = 23,546,250,000
Strike 5200 has a total call value of 6,738,000,000 versus a total put value of 14,758,500,000 Combined total value = 21,496,500,000
Strike 5250 has a total call value of 8,660,250,000 versus a total put value of 11,931,000,000 Combined total value = 20,591,250,000
Strike 5300 has a total call value of 10,648,500,000 versus a total put value of 9,220,500,000 Combined total value = 19,869,000,000
Strike 5350 has a total call value of 12,899,250,000 versus a total put value of 6,956,250,000 Combined total value = 19,855,500,000
Strike 5400 has a total call value of 15,354,750,000 versus a total put value of 4,970,250,000 Combined total value = 20,325,000,000
Strike 5450 has a total call value of 18,437,250,000 versus a total put value of 3,339,750,000 Combined total value = 21,777,000,000
Strike 5500 has a total call value of 21,795,000,000 versus a total put value of 2,079,750,000 Combined total value = 23,874,750,000
Strike 5550 has a total call value of 26,041,500,000 versus a total put value of 1,417,500,000 Combined total value = 27,459,000,000
Strike 5600 has a total call value of 30,560,250,000 versus a total put value of 876,750,000 Combined total value = 31,437,000,000
Strike 5650 has a total call value of 35,938,500,000 versus a total put value of 511,500,000 Combined total value = 36,450,000,000
Strike 5700 has a total call value of 41,462,250,000 versus a total put value of 313,500,000 Combined total value = 41,775,750,000
Strike 5750 has a total call value of 47,538,750,000 versus a total put value of 239,250,000 Combined total value = 47,778,000,000
Strike 5800 has a total call value of 53,688,000,000 versus a total put value of 165,000,000 Combined total value = 53,853,000,000
Strike 5850 has a total call value of 60,713,250,000 versus a total put value of 130,500,000 Combined total value = 60,843,750,000
Strike 5900 has a total call value of 67,954,500,000 versus a total put value of 96,000,000 Combined total value = 68,050,500,000
Strike 5950 has a total call value of 75,759,000,000 versus a total put value of 63,750,000 Combined total value = 75,822,750,000
Strike 6000 has a total call value of 83,646,000,000 versus a total put value of 31,500,000 Combined total value = 83,677,500,000
Strike 6050 has a total call value of 92,832,750,000 versus a total put value of 19,500,000 Combined total value = 92,852,250,000
Strike 6100 has a total call value of 102,019,500,000 versus a total put value of 7,500,000 Combined total value = 102,027,000,000
Strike 6150 has a total call value of 111,477,750,000 versus a total put value of 3,750,000 Combined total value = 111,481,500,000
Strike 6200 has a total call value of 120,936,000,000 versus a total put value of 0 Combined total value = 120,936,000,000
Strike 6250 has a total call value of 130,603,500,000 versus a total put value of 0 Combined total value = 130,603,500,000
Strike 6300 has a total call value of 140,271,000,000 versus a total put value of 0 Combined total value = 140,271,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 468.6 | 450 |
| ABB | 5587 | 5600 |
| ABCAPITAL | 205.54 | 200 |
| ABFRL | 268.85 | 270 |
| ACC | 1858.8 | 1900 |
| ADANIENSOL | 894.3 | 900 |
| ADANIENT | 2425.3 | 2460 |
| ADANIGREEN | 940.55 | 940 |
| ADANIPORTS | 1362.1 | 1300 |
| ALKEM | 5020.5 | 5000 |
| AMBUJACEM | 541.65 | 550 |
| ANGELONE | 2487 | 2400 |
| APLAPOLLO | 1712.8 | 1660 |
| APOLLOHOSP | 6926 | 6950 |
| APOLLOTYRE | 481 | 475 |
| ASHOKLEY | 231.28 | 225 |
| ASIANPAINT | 2356.4 | 2380 |
| ASTRAL | 1330.3 | 1340 |
| ATGL | 631.1 | 630 |
| AUBANK | 703.4 | 670 |
| AUROPHARMA | 1205.9 | 1200 |
| AXISBANK | 1203 | 1180 |
| BAJAJ-AUTO | 8039.5 | 8000 |
| BAJAJFINSV | 2050.4 | 2020 |
| BAJFINANCE | 9018.5 | 9000 |
| BALKRISIND | 2751.3 | 2720 |
| BANDHANBNK | 163.57 | 165 |
| BANKBARODA | 226.85 | 230 |
| BANKINDIA | 110.09 | 110 |
| BEL | 322.8 | 315 |
| BHARATFORG | 1199.2 | 1140 |
| BHARTIARTL | 1870.8 | 1860 |
| BHEL | 232.95 | 230 |
| BIOCON | 328.15 | 330 |
| BOSCHLTD | 31005 | 30000 |
| BPCL | 309.05 | 310 |
| BRITANNIA | 5608.5 | 5500 |
| BSE | 6955.5 | 6600 |
| BSOFT | 420.45 | 400 |
| CAMS | 3671.6 | 3750 |
| CANBK | 100.86 | 99 |
| CDSL | 1279 | 1300 |
| CESC | 166.76 | 160 |
| CGPOWER | 645.8 | 630 |
| CHAMBLFERT | 689.35 | 690 |
| CHOLAFIN | 1579.2 | 1540 |
| CIPLA | 1511.6 | 1500 |
| COALINDIA | 395.5 | 390 |
| COFORGE | 8311.5 | 7500 |
| COLPAL | 2611.6 | 2620 |
| CONCOR | 688.25 | 700 |
| CROMPTON | 335.5 | 335 |
| CUMMINSIND | 2862.9 | 2900 |
| CYIENT | 1258.4 | 1200 |
| DABUR | 475.05 | 480 |
| DALBHARAT | 1980.9 | 1940 |
| DEEPAKNTR | 1981.1 | 2000 |
| DELHIVERY | 311 | 305 |
| DIVISLAB | 5942 | 6000 |
| DIXON | 16073 | 16000 |
| DLF | 680.5 | 670 |
| DMART | 4023.5 | 4100 |
| DRREDDY | 1195.6 | 1170 |
| EICHERMOT | 5520 | 5550 |
| ESCORTS | 3413.1 | 3300 |
| ETERNAL | 239.5 | 230 |
| EXIDEIND | 378.05 | 380 |
| FEDERALBNK | 194.45 | 195 |
| GAIL | 187.8 | 192.5 |
| GLENMARK | 1381.7 | 1400 |
| GMRAIRPORT | 88.06 | 87 |
| GODREJCP | 1289.5 | 1260 |
| GODREJPROP | 2146.8 | 2150 |
| GRANULES | 460.15 | 460 |
| GRASIM | 2742.8 | 2700 |
| HAL | 4439.7 | 4500 |
| HAVELLS | 1583.1 | 1600 |
| HCLTECH | 1670.3 | 1600 |
| HDFCAMC | 4529.1 | 4450 |
| HDFCBANK | 1957.2 | 1940 |
| HDFCLIFE | 734.6 | 720 |
| HEROMOTOCO | 3984.9 | 3900 |
| HFCL | 81.9 | 80 |
| HINDALCO | 651.95 | 640 |
| HINDCOPPER | 225.06 | 220 |
| HINDPETRO | 388.8 | 395 |
| HINDUNILVR | 2382.5 | 2380 |
| HINDZINC | 434.95 | 430 |
| HUDCO | 224.47 | 220 |
| ICICIBANK | 1448.5 | 1430 |
| ICICIGI | 1836.7 | 1840 |
| ICICIPRULI | 604 | 600 |
| IDEA | 7.07 | 8 |
| IDFCFIRSTB | 69.08 | 66 |
| IEX | 194.95 | 192.5 |
| IGL | 205.28 | 195 |
| IIFL | 388.15 | 370 |
| INDHOTEL | 769.15 | 760 |
| INDIANB | 572.1 | 570 |
| INDIGO | 5476.5 | 5350 |
| INDUSINDBK | 788.5 | 820 |
| INDUSTOWER | 397.4 | 390 |
| INFY | 1626.9 | 1540 |
| INOXWIND | 170.05 | 170 |
| IOC | 142.35 | 143 |
| IRB | 47.81 | 46 |
| IRCTC | 763.45 | 770 |
| IREDA | 168 | 165 |
| IRFC | 125.53 | 125 |
| ITC | 435.5 | 430 |
| JINDALSTEL | 904.75 | 900 |
| JIOFIN | 262.9 | 260 |
| JSL | 610 | 600 |
| JSWENERGY | 481.1 | 480 |
| JSWSTEEL | 1005.2 | 1000 |
| JUBLFOOD | 696.1 | 700 |
| KALYANKJIL | 538.15 | 520 |
| KEI | 3386 | 3200 |
| KOTAKBANK | 2145 | 2140 |
| KPITTECH | 1325.1 | 1260 |
| LAURUSLABS | 593.45 | 610 |
| LICHSGFIN | 601.5 | 600 |
| LICI | 815.45 | 800 |
| LODHA | 1305.4 | 1300 |
| LT | 3587.2 | 3440 |
| LTF | 171.2 | 165 |
| LTIM | 4940.4 | 4650 |
| LUPIN | 2039.8 | 2040 |
| M&M | 3104.7 | 3000 |
| M&MFIN | 256.85 | 265 |
| MANAPPURAM | 230.73 | 230 |
| MARICO | 738.1 | 720 |
| MARUTI | 12616 | 12000 |
| MAXHEALTH | 1159.9 | 1140 |
| MCX | 6061.5 | 6000 |
| MFSL | 1293 | 1280 |
| MGL | 1409.2 | 1360 |
| MOTHERSON | 145.06 | 140 |
| MPHASIS | 2532.4 | 2500 |
| MRF | 139925 | 138000 |
| MUTHOOTFIN | 2256.4 | 2200 |
| NATIONALUM | 168.95 | 170 |
| NAUKRI | 1476 | 1440 |
| NBCC | 99.81 | 98 |
| NCC | 220.37 | 217.5 |
| NESTLEIND | 2383.8 | 2380 |
| NHPC | 83.3 | 84 |
| NMDC | 68.08 | 68 |
| NTPC | 348.55 | 345 |
| NYKAA | 198.97 | 195 |
| OBEROIRLTY | 1617.7 | 1620 |
| OFSS | 8714 | 8400 |
| OIL | 416.45 | 400 |
| ONGC | 244.02 | 240 |
| PAGEIND | 47050 | 46000 |
| PATANJALI | 1818.9 | 1860 |
| PAYTM | 866.05 | 860 |
| PEL | 1062.3 | 1020 |
| PERSISTENT | 5876.5 | 5400 |
| PETRONET | 314.3 | 310 |
| PFC | 413.95 | 420 |
| PHOENIXLTD | 1523.8 | 1550 |
| PIDILITIND | 3076.5 | 3020 |
| PIIND | 3708.4 | 3700 |
| PNB | 95.78 | 96 |
| PNBHOUSING | 1070.8 | 1060 |
| POLICYBZR | 1698 | 1640 |
| POLYCAB | 5992.5 | 5800 |
| POONAWALLA | 385.55 | 380 |
| POWERGRID | 309.05 | 310 |
| PRESTIGE | 1366.1 | 1360 |
| RAMCOCEM | 952.3 | 950 |
| RBLBANK | 205.82 | 200 |
| RECLTD | 412.65 | 420 |
| RELIANCE | 1436.5 | 1380 |
| SAIL | 118.24 | 117.5 |
| SBICARD | 898.15 | 890 |
| SBILIFE | 1751.5 | 1720 |
| SBIN | 801.65 | 800 |
| SHREECEM | 30135 | 30000 |
| SHRIRAMFIN | 645.95 | 620 |
| SIEMENS | 2895.9 | 2900 |
| SJVN | 96.48 | 95 |
| SOLARINDS | 13289 | 13000 |
| SONACOMS | 519.8 | 490 |
| SRF | 3014.5 | 3000 |
| SUNPHARMA | 1686.2 | 1700 |
| SUPREMEIND | 3580.1 | 3500 |
| SYNGENE | 625.6 | 630 |
| TATACHEM | 848.75 | 860 |
| TATACOMM | 1567.4 | 1600 |
| TATACONSUM | 1145.6 | 1130 |
| TATAELXSI | 6100 | 5750 |
| TATAMOTORS | 720.8 | 700 |
| TATAPOWER | 391.4 | 400 |
| TATASTEEL | 151.63 | 145 |
| TATATECH | 701.05 | 670 |
| TCS | 3620.4 | 3480 |
| TECHM | 1573.1 | 1500 |
| TIINDIA | 2961.9 | 2850 |
| TITAGARH | 744.25 | 740 |
| TITAN | 3562.9 | 3480 |
| TORNTPHARM | 3237.7 | 3250 |
| TORNTPOWER | 1465.2 | 1460 |
| TRENT | 5441 | 5300 |
| TVSMOTOR | 2760.7 | 2740 |
| ULTRACEMCO | 11736 | 11800 |
| UNIONBANK | 128.11 | 125 |
| UNITDSPR | 1564.2 | 1560 |
| UPL | 676.85 | 670 |
| VBL | 513.85 | 510 |
| VEDL | 436.05 | 430 |
| VOLTAS | 1265.7 | 1260 |
| WIPRO | 257.28 | 245 |
| YESBANK | 20.41 | 19 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 884.85 | 880 |
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.
