IRB
Irb Infra Dev Ltd.
Max pain for IRB
12 Dec 2024 10:04 AM IST
Max Pain for IRB is 59
Strike 48 has a total call value of 0 versus a total put value of 19,687,175,000 Combined total value = 19,687,175,000
Strike 49 has a total call value of 0 versus a total put value of 17,419,875,000 Combined total value = 17,419,875,000
Strike 50 has a total call value of 0 versus a total put value of 15,152,575,000 Combined total value = 15,152,575,000
Strike 51 has a total call value of 0 versus a total put value of 12,995,975,000 Combined total value = 12,995,975,000
Strike 52 has a total call value of 0 versus a total put value of 10,893,700,000 Combined total value = 10,893,700,000
Strike 53 has a total call value of 0 versus a total put value of 8,949,275,000 Combined total value = 8,949,275,000
Strike 54 has a total call value of 0 versus a total put value of 7,004,850,000 Combined total value = 7,004,850,000
Strike 55 has a total call value of 0 versus a total put value of 5,201,875,000 Combined total value = 5,201,875,000
Strike 56 has a total call value of 124,025,000 versus a total put value of 3,824,275,000 Combined total value = 3,948,300,000
Strike 57 has a total call value of 248,050,000 versus a total put value of 2,588,125,000 Combined total value = 2,836,175,000
Strike 58 has a total call value of 422,300,000 versus a total put value of 1,489,325,000 Combined total value = 1,911,625,000
Strike 59 has a total call value of 892,775,000 versus a total put value of 656,000,000 Combined total value = 1,548,775,000
Strike 60 has a total call value of 1,780,425,000 versus a total put value of 154,775,000 Combined total value = 1,935,200,000
Strike 61 has a total call value of 3,687,950,000 versus a total put value of 18,450,000 Combined total value = 3,706,400,000
Strike 62 has a total call value of 5,934,750,000 versus a total put value of 9,225,000 Combined total value = 5,943,975,000
Strike 63 has a total call value of 8,652,025,000 versus a total put value of 0 Combined total value = 8,652,025,000
Strike 64 has a total call value of 11,585,575,000 versus a total put value of 0 Combined total value = 11,585,575,000
Strike 65 has a total call value of 14,924,000,000 versus a total put value of 0 Combined total value = 14,924,000,000
Strike 66 has a total call value of 18,262,425,000 versus a total put value of 0 Combined total value = 18,262,425,000
Strike 67 has a total call value of 21,906,300,000 versus a total put value of 0 Combined total value = 21,906,300,000
Strike 68 has a total call value of 25,550,175,000 versus a total put value of 0 Combined total value = 25,550,175,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 442.8 | 450 |
| ABB | 7681.55 | 7600 |
| ABBOTINDIA | 28819.6 | 28000 |
| ABCAPITAL | 200.26 | 200 |
| ABFRL | 306.25 | 310 |
| ACC | 2234.95 | 2260 |
| ADANIENSOL | 789.7 | 800 |
| ADANIENT | 2451.65 | 2500 |
| ADANIGREEN | 1130.9 | 1200 |
| ADANIPORTS | 1227.3 | 1240 |
| ALKEM | 5463 | 5500 |
| AMBUJACEM | 571.3 | 570 |
| ANGELONE | 3420 | 3300 |
| APLAPOLLO | 1600.95 | 1580 |
| APOLLOHOSP | 7247 | 7200 |
| APOLLOTYRE | 542.1 | 530 |
| ASHOKLEY | 230.06 | 230 |
| ASIANPAINT | 2401.45 | 2440 |
| ASTRAL | 1849.65 | 1860 |
| ATGL | 714 | 720 |
| ATUL | 7305.2 | 7400 |
| AUBANK | 593.4 | 590 |
| AUROPHARMA | 1224.5 | 1260 |
| AXISBANK | 1148.4 | 1160 |
| BAJAJ-AUTO | 9045 | 9100 |
| BAJAJFINSV | 1681.75 | 1660 |
| BAJFINANCE | 7117.1 | 7000 |
| BALKRISIND | 2795 | 2800 |
| BANDHANBNK | 172.79 | 175 |
| BANKBARODA | 258.17 | 260 |
| BANKINDIA | 113.38 | 115 |
| BATAINDIA | 1434.25 | 1440 |
| BEL | 314.25 | 310 |
| BERGEPAINT | 471.3 | 480 |
| BHARATFORG | 1360 | 1360 |
| BHARTIARTL | 1594.3 | 1600 |
| BHEL | 249.95 | 250 |
| BIOCON | 363.1 | 370 |
| BOSCHLTD | 36069.45 | 35500 |
| BPCL | 305.3 | 300 |
| BRITANNIA | 4887 | 4900 |
| BSE | 5670 | 5300 |
| BSOFT | 620.25 | 600 |
| CAMS | 5350.15 | 5200 |
| CANBK | 107.75 | 108 |
| CANFINHOME | 818.3 | 820 |
| CDSL | 1947.5 | 1840 |
| CESC | 192.04 | 195 |
| CGPOWER | 784.25 | 770 |
| CHAMBLFERT | 528.15 | 530 |
| CHOLAFIN | 1343.4 | 1320 |
| CIPLA | 1452 | 1480 |
| COALINDIA | 413.35 | 420 |
| COFORGE | 9220.5 | 8900 |
| COLPAL | 2862.35 | 2900 |
| CONCOR | 837 | 840 |
| COROMANDEL | 1779.5 | 1780 |
| CROMPTON | 411.1 | 410 |
| CUB | 184.86 | 185 |
| CUMMINSIND | 3635 | 3500 |
| CYIENT | 2091.75 | 2000 |
| DABUR | 508.65 | 510 |
| DALBHARAT | 1953.15 | 1900 |
| DEEPAKNTR | 2691.5 | 2700 |
| DELHIVERY | 380.3 | 370 |
| DIVISLAB | 5999.2 | 6000 |
| DIXON | 17775.85 | 17000 |
| DLF | 866.4 | 850 |
| DMART | 3714.3 | 3700 |
| DRREDDY | 1234.45 | 1220 |
| EICHERMOT | 4789.3 | 4800 |
| ESCORTS | 3466 | 3500 |
| EXIDEIND | 467 | 460 |
| FEDERALBNK | 215.24 | 215 |
| GAIL | 205.63 | 207.5 |
| GLENMARK | 1528.3 | 1540 |
| GMRINFRA | 0 | 36 |
| GNFC | 617.55 | 630 |
| GODREJCP | 1122.15 | 1120 |
| GODREJPROP | 2875 | 2900 |
| GRANULES | 583.6 | 580 |
| GRASIM | 2649.15 | 2640 |
| GUJGASLTD | 511.45 | 510 |
| HAL | 4685.15 | 4600 |
| HAVELLS | 1747.1 | 1740 |
| HCLTECH | 1947.5 | 1900 |
| HDFCAMC | 4553 | 4400 |
| HDFCBANK | 1861.1 | 1820 |
| HDFCLIFE | 633 | 640 |
| HEROMOTOCO | 4605.05 | 4700 |
| HFCL | 126.7 | 130 |
| HINDALCO | 671.1 | 670 |
| HINDCOPPER | 289.45 | 290 |
| HINDPETRO | 408.7 | 400 |
| HINDUNILVR | 2388.15 | 2420 |
| HUDCO | 246.1 | 245 |
| ICICIBANK | 1337.5 | 1320 |
| ICICIGI | 1945.2 | 1940 |
| ICICIPRULI | 693.95 | 690 |
| IDEA | 7.95 | 8 |
| IDFCFIRSTB | 64.79 | 65 |
| IEX | 189.54 | 185 |
| IGL | 388.15 | 360 |
| INDHOTEL | 839.65 | 820 |
| INDIAMART | 2393.3 | 2400 |
| INDIANB | 577.05 | 590 |
| INDIGO | 4421.95 | 4450 |
| INDUSINDBK | 990.65 | 1000 |
| INDUSTOWER | 354.4 | 360 |
| INFY | 1995.8 | 1940 |
| IOC | 141.9 | 140 |
| IPCALAB | 1563.05 | 1520 |
| IRB | 58.37 | 59 |
| IRCTC | 848.1 | 840 |
| IRFC | 163.41 | 160 |
| ITC | 463.35 | 470 |
| JINDALSTEL | 989.05 | 980 |
| JIOFIN | 342.45 | 340 |
| JKCEMENT | 4639.1 | 4600 |
| JSL | 747.9 | 700 |
| JSWENERGY | 674 | 660 |
| JSWSTEEL | 993.2 | 1000 |
| JUBLFOOD | 688.95 | 680 |
| KALYANKJIL | 778.75 | 750 |
| KEI | 4546.55 | 4400 |
| KOTAKBANK | 1784.15 | 1800 |
| KPITTECH | 1551 | 1500 |
| LALPATHLAB | 3122.05 | 3100 |
| LAURUSLABS | 568.1 | 570 |
| LICHSGFIN | 633.6 | 630 |
| LICI | 939.5 | 950 |
| LODHA | 1411.9 | 1340 |
| LT | 3884.9 | 3800 |
| LTF | 148.7 | 147.5 |
| LTIM | 6712.5 | 6500 |
| LTTS | 5400 | 5350 |
| LUPIN | 2145.1 | 2120 |
| M&M | 3080.45 | 3000 |
| M&MFIN | 280.5 | 280 |
| MANAPPURAM | 180.28 | 160 |
| MARICO | 641.4 | 630 |
| MARUTI | 11200.4 | 11200 |
| MAXHEALTH | 1159.8 | 1100 |
| MCX | 6787.5 | 6600 |
| METROPOLIS | 2192.55 | 2200 |
| MFSL | 1131.65 | 1160 |
| MGL | 1286.75 | 1280 |
| MOTHERSON | 166.41 | 165 |
| MPHASIS | 3221.5 | 3100 |
| MRF | 132441.6 | 132000 |
| MUTHOOTFIN | 2087.95 | 2020 |
| NATIONALUM | 246.55 | 247.5 |
| NAUKRI | 8761 | 8500 |
| NAVINFLUOR | 3581.55 | 3600 |
| NCC | 305.65 | 310 |
| NESTLEIND | 2233.6 | 2260 |
| NHPC | 86.57 | 85 |
| NMDC | 239.64 | 240 |
| NTPC | 362 | 365 |
| NYKAA | 170.54 | 170 |
| OBEROIRLTY | 2133.3 | 2100 |
| OFSS | 12172.2 | 12250 |
| OIL | 469.65 | 470 |
| ONGC | 256.3 | 259 |
| PAGEIND | 46942.35 | 46500 |
| PAYTM | 958.1 | 960 |
| PEL | 1261.05 | 1220 |
| PERSISTENT | 6470.7 | 6300 |
| PETRONET | 346.65 | 340 |
| PFC | 510.6 | 500 |
| PIDILITIND | 3174 | 3200 |
| PIIND | 4013.4 | 4100 |
| PNB | 107.86 | 109 |
| POLICYBZR | 2178.5 | 2000 |
| POLYCAB | 7413.25 | 7300 |
| POONAWALLA | 362.8 | 360 |
| POWERGRID | 327.45 | 330 |
| PRESTIGE | 1751.05 | 1700 |
| PVRINOX | 1471.3 | 1540 |
| RAMCOCEM | 998.55 | 1010 |
| RBLBANK | 177.09 | 155 |
| RECLTD | 570.3 | 550 |
| RELIANCE | 1272.3 | 1300 |
| SAIL | 126.25 | 125 |
| SBICARD | 734.4 | 725 |
| SBILIFE | 1441 | 1440 |
| SBIN | 856.7 | 850 |
| SHREECEM | 27221.25 | 27000 |
| SHRIRAMFIN | 3247.85 | 3200 |
| SIEMENS | 7892 | 7700 |
| SJVN | 119.08 | 120 |
| SONACOMS | 635.4 | 650 |
| SRF | 2312.4 | 2300 |
| SUNPHARMA | 1815.4 | 1800 |
| SUNTV | 737.95 | 750 |
| SUPREMEIND | 4870 | 4900 |
| SYNGENE | 893.5 | 900 |
| TATACHEM | 1110.6 | 1120 |
| TATACOMM | 1852.65 | 1820 |
| TATACONSUM | 921.25 | 940 |
| TATAELXSI | 7406.45 | 7300 |
| TATAMOTORS | 791.3 | 800 |
| TATAPOWER | 431.95 | 435 |
| TATASTEEL | 149.6 | 150 |
| TCS | 4474.4 | 4400 |
| TECHM | 1799.5 | 1760 |
| TIINDIA | 3684.95 | 3600 |
| TITAN | 3435.75 | 3400 |
| TORNTPHARM | 3367.3 | 3350 |
| TRENT | 7064 | 6900 |
| TVSMOTOR | 2513 | 2500 |
| UBL | 1978.1 | 1960 |
| ULTRACEMCO | 11834.4 | 11900 |
| UNIONBANK | 128.36 | 128 |
| UNITDSPR | 1514.7 | 1520 |
| UPL | 545.8 | 550 |
| VBL | 636.55 | 640 |
| VEDL | 521.2 | 500 |
| VOLTAS | 1802 | 1760 |
| WIPRO | 312.55 | 300 |
| YESBANK | 21.43 | 21 |
| ZOMATO | 293 | 280 |
| ZYDUSLIFE | 981.1 | 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.
