INFY
Infosys Limited
Max pain for INFY
12 Nov 2024 04:10 PM IST
Max Pain for INFY is 1820
Strike 1480 has a total call value of 0 versus a total put value of 405,840,000,000 Combined total value = 405,840,000,000
Strike 1500 has a total call value of 0 versus a total put value of 379,283,200,000 Combined total value = 379,283,200,000
Strike 1520 has a total call value of 0 versus a total put value of 352,726,400,000 Combined total value = 352,726,400,000
Strike 1540 has a total call value of 0 versus a total put value of 326,438,400,000 Combined total value = 326,438,400,000
Strike 1560 has a total call value of 0 versus a total put value of 300,150,400,000 Combined total value = 300,150,400,000
Strike 1580 has a total call value of 0 versus a total put value of 274,068,000,000 Combined total value = 274,068,000,000
Strike 1600 has a total call value of 0 versus a total put value of 248,147,200,000 Combined total value = 248,147,200,000
Strike 1620 has a total call value of 34,400,000 versus a total put value of 222,922,400,000 Combined total value = 222,956,800,000
Strike 1640 has a total call value of 68,800,000 versus a total put value of 199,128,800,000 Combined total value = 199,197,600,000
Strike 1660 has a total call value of 103,200,000 versus a total put value of 175,721,600,000 Combined total value = 175,824,800,000
Strike 1680 has a total call value of 137,600,000 versus a total put value of 152,652,800,000 Combined total value = 152,790,400,000
Strike 1700 has a total call value of 235,200,000 versus a total put value of 130,384,800,000 Combined total value = 130,620,000,000
Strike 1720 has a total call value of 545,600,000 versus a total put value of 109,908,800,000 Combined total value = 110,454,400,000
Strike 1740 has a total call value of 995,200,000 versus a total put value of 89,926,400,000 Combined total value = 90,921,600,000
Strike 1760 has a total call value of 1,829,600,000 versus a total put value of 71,044,000,000 Combined total value = 72,873,600,000
Strike 1780 has a total call value of 4,080,000,000 versus a total put value of 53,753,600,000 Combined total value = 57,833,600,000
Strike 1800 has a total call value of 8,444,000,000 versus a total put value of 38,243,200,000 Combined total value = 46,687,200,000
Strike 1820 has a total call value of 18,359,200,000 versus a total put value of 26,376,800,000 Combined total value = 44,736,000,000
Strike 1840 has a total call value of 31,908,000,000 versus a total put value of 16,962,400,000 Combined total value = 48,870,400,000
Strike 1860 has a total call value of 49,190,400,000 versus a total put value of 9,824,800,000 Combined total value = 59,015,200,000
Strike 1880 has a total call value of 71,099,200,000 versus a total put value of 6,094,400,000 Combined total value = 77,193,600,000
Strike 1900 has a total call value of 95,927,200,000 versus a total put value of 3,773,600,000 Combined total value = 99,700,800,000
Strike 1920 has a total call value of 123,809,600,000 versus a total put value of 2,664,000,000 Combined total value = 126,473,600,000
Strike 1940 has a total call value of 152,941,600,000 versus a total put value of 1,714,400,000 Combined total value = 154,656,000,000
Strike 1960 has a total call value of 182,987,200,000 versus a total put value of 1,144,000,000 Combined total value = 184,131,200,000
Strike 1980 has a total call value of 213,872,000,000 versus a total put value of 680,000,000 Combined total value = 214,552,000,000
Strike 2000 has a total call value of 245,221,600,000 versus a total put value of 216,000,000 Combined total value = 245,437,600,000
Strike 2020 has a total call value of 279,200,000,000 versus a total put value of 172,800,000 Combined total value = 279,372,800,000
Strike 2040 has a total call value of 313,568,800,000 versus a total put value of 129,600,000 Combined total value = 313,698,400,000
Strike 2060 has a total call value of 348,469,600,000 versus a total put value of 86,400,000 Combined total value = 348,556,000,000
Strike 2080 has a total call value of 383,493,600,000 versus a total put value of 43,200,000 Combined total value = 383,536,800,000
Strike 2100 has a total call value of 418,607,200,000 versus a total put value of 0 Combined total value = 418,607,200,000
Strike 2120 has a total call value of 454,405,600,000 versus a total put value of 0 Combined total value = 454,405,600,000
Strike 2140 has a total call value of 490,204,000,000 versus a total put value of 0 Combined total value = 490,204,000,000
Strike 2160 has a total call value of 526,002,400,000 versus a total put value of 0 Combined total value = 526,002,400,000
Strike 2180 has a total call value of 561,805,600,000 versus a total put value of 0 Combined total value = 561,805,600,000
Strike 2200 has a total call value of 597,608,800,000 versus a total put value of 0 Combined total value = 597,608,800,000
Strike 2220 has a total call value of 633,771,200,000 versus a total put value of 0 Combined total value = 633,771,200,000
Strike 2240 has a total call value of 669,933,600,000 versus a total put value of 0 Combined total value = 669,933,600,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
