INFY
Infosys Limited
Max pain for INFY
21 Nov 2024 03:50 PM IST
Max Pain for INFY is 1800
Strike 1480 has a total call value of 0 versus a total put value of 360,571,200,000 Combined total value = 360,571,200,000
Strike 1500 has a total call value of 0 versus a total put value of 336,403,200,000 Combined total value = 336,403,200,000
Strike 1520 has a total call value of 0 versus a total put value of 312,235,200,000 Combined total value = 312,235,200,000
Strike 1540 has a total call value of 0 versus a total put value of 288,304,000,000 Combined total value = 288,304,000,000
Strike 1560 has a total call value of 0 versus a total put value of 264,372,800,000 Combined total value = 264,372,800,000
Strike 1580 has a total call value of 0 versus a total put value of 240,558,400,000 Combined total value = 240,558,400,000
Strike 1600 has a total call value of 0 versus a total put value of 216,836,000,000 Combined total value = 216,836,000,000
Strike 1620 has a total call value of 26,400,000 versus a total put value of 193,732,000,000 Combined total value = 193,758,400,000
Strike 1640 has a total call value of 52,800,000 versus a total put value of 171,908,000,000 Combined total value = 171,960,800,000
Strike 1660 has a total call value of 205,600,000 versus a total put value of 150,556,000,000 Combined total value = 150,761,600,000
Strike 1680 has a total call value of 358,400,000 versus a total put value of 129,524,800,000 Combined total value = 129,883,200,000
Strike 1700 has a total call value of 511,200,000 versus a total put value of 109,297,600,000 Combined total value = 109,808,800,000
Strike 1720 has a total call value of 844,800,000 versus a total put value of 90,536,000,000 Combined total value = 91,380,800,000
Strike 1740 has a total call value of 1,308,000,000 versus a total put value of 72,307,200,000 Combined total value = 73,615,200,000
Strike 1760 has a total call value of 2,077,600,000 versus a total put value of 55,208,000,000 Combined total value = 57,285,600,000
Strike 1780 has a total call value of 4,089,600,000 versus a total put value of 40,186,400,000 Combined total value = 44,276,000,000
Strike 1800 has a total call value of 8,196,000,000 versus a total put value of 26,920,000,000 Combined total value = 35,116,000,000
Strike 1820 has a total call value of 17,803,200,000 versus a total put value of 18,147,200,000 Combined total value = 35,950,400,000
Strike 1840 has a total call value of 31,161,600,000 versus a total put value of 11,709,600,000 Combined total value = 42,871,200,000
Strike 1860 has a total call value of 48,895,200,000 versus a total put value of 6,918,400,000 Combined total value = 55,813,600,000
Strike 1880 has a total call value of 72,156,800,000 versus a total put value of 4,380,800,000 Combined total value = 76,537,600,000
Strike 1900 has a total call value of 98,255,200,000 versus a total put value of 2,641,600,000 Combined total value = 100,896,800,000
Strike 1920 has a total call value of 127,854,400,000 versus a total put value of 1,825,600,000 Combined total value = 129,680,000,000
Strike 1940 has a total call value of 159,186,400,000 versus a total put value of 1,171,200,000 Combined total value = 160,357,600,000
Strike 1960 has a total call value of 191,495,200,000 versus a total put value of 728,000,000 Combined total value = 192,223,200,000
Strike 1980 has a total call value of 224,565,600,000 versus a total put value of 370,400,000 Combined total value = 224,936,000,000
Strike 2000 has a total call value of 257,938,400,000 versus a total put value of 46,400,000 Combined total value = 257,984,800,000
Strike 2020 has a total call value of 293,502,400,000 versus a total put value of 35,200,000 Combined total value = 293,537,600,000
Strike 2040 has a total call value of 329,404,000,000 versus a total put value of 24,000,000 Combined total value = 329,428,000,000
Strike 2060 has a total call value of 365,676,800,000 versus a total put value of 12,800,000 Combined total value = 365,689,600,000
Strike 2080 has a total call value of 402,022,400,000 versus a total put value of 1,600,000 Combined total value = 402,024,000,000
Strike 2100 has a total call value of 438,432,800,000 versus a total put value of 800,000 Combined total value = 438,433,600,000
Strike 2120 has a total call value of 475,437,600,000 versus a total put value of 0 Combined total value = 475,437,600,000
Strike 2140 has a total call value of 512,465,600,000 versus a total put value of 0 Combined total value = 512,465,600,000
Strike 2160 has a total call value of 549,493,600,000 versus a total put value of 0 Combined total value = 549,493,600,000
Strike 2180 has a total call value of 586,521,600,000 versus a total put value of 0 Combined total value = 586,521,600,000
Strike 2200 has a total call value of 623,549,600,000 versus a total put value of 0 Combined total value = 623,549,600,000
Strike 2220 has a total call value of 660,940,000,000 versus a total put value of 0 Combined total value = 660,940,000,000
Strike 2240 has a total call value of 698,330,400,000 versus a total put value of 0 Combined total value = 698,330,400,000
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.
