IRB
Irb Infra Dev Ltd.
Max pain for IRB
10 Jul 2025 12:53 PM ISTNext Refresh in
Max Pain for IRB is 50
Strike 42 has a total call value of 0 versus a total put value of 6,123,537,500 Combined total value = 6,123,537,500
Strike 43 has a total call value of 0 versus a total put value of 5,221,060,000 Combined total value = 5,221,060,000
Strike 44 has a total call value of 0 versus a total put value of 4,318,582,500 Combined total value = 4,318,582,500
Strike 45 has a total call value of 0 versus a total put value of 3,416,105,000 Combined total value = 3,416,105,000
Strike 46 has a total call value of 0 versus a total put value of 2,564,997,500 Combined total value = 2,564,997,500
Strike 47 has a total call value of 0 versus a total put value of 1,713,890,000 Combined total value = 1,713,890,000
Strike 48 has a total call value of 9,340,000 versus a total put value of 902,477,500 Combined total value = 911,817,500
Strike 49 has a total call value of 88,730,000 versus a total put value of 345,580,000 Combined total value = 434,310,000
Strike 50 has a total call value of 396,950,000 versus a total put value of 0 Combined total value = 396,950,000
Strike 51 has a total call value of 1,420,847,500 versus a total put value of 0 Combined total value = 1,420,847,500
Strike 52 has a total call value of 2,793,827,500 versus a total put value of 0 Combined total value = 2,793,827,500
Strike 53 has a total call value of 4,684,010,000 versus a total put value of 0 Combined total value = 4,684,010,000
Strike 54 has a total call value of 6,695,612,500 versus a total put value of 0 Combined total value = 6,695,612,500
Strike 55 has a total call value of 8,811,122,500 versus a total put value of 0 Combined total value = 8,811,122,500
Strike 56 has a total call value of 11,363,277,500 versus a total put value of 0 Combined total value = 11,363,277,500
Strike 57 has a total call value of 14,022,842,500 versus a total put value of 0 Combined total value = 14,022,842,500
Strike 58 has a total call value of 16,682,407,500 versus a total put value of 0 Combined total value = 16,682,407,500
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1187 | 1200 |
| AARTIIND | 451.75 | 465 |
| ABB | 5846.5 | 6000 |
| ABCAPITAL | 271.9 | 270 |
| ABFRL | 77.81 | 76 |
| ACC | 1992.5 | 1920 |
| ADANIENSOL | 892.9 | 880 |
| ADANIENT | 2582.7 | 2620 |
| ADANIGREEN | 998.9 | 1000 |
| ADANIPORTS | 1440.1 | 1420 |
| ALKEM | 4738.9 | 4850 |
| AMBER | 7792.5 | 7200 |
| AMBUJACEM | 583 | 600 |
| ANGELONE | 2730.4 | 2800 |
| APLAPOLLO | 1718.8 | 1740 |
| APOLLOHOSP | 7440 | 7500 |
| ASHOKLEY | 250 | 250 |
| ASIANPAINT | 2484.3 | 2420 |
| ASTRAL | 1494.5 | 1500 |
| ATGL | 652.4 | 660 |
| AUBANK | 824.2 | 815 |
| AUROPHARMA | 1131.2 | 1140 |
| AXISBANK | 1171.3 | 1180 |
| BAJAJ-AUTO | 8327.5 | 8400 |
| BAJAJFINSV | 2037.9 | 2020 |
| BAJFINANCE | 948.95 | 940 |
| BALKRISIND | 2631 | 2560 |
| BANDHANBNK | 178.08 | 180 |
| BANKBARODA | 239.51 | 240 |
| BANKINDIA | 114.11 | 115.95 |
| BDL | 1897.5 | 1900 |
| BEL | 413.85 | 420 |
| BHARATFORG | 1239.5 | 1280 |
| BHARTIARTL | 1975.2 | 2000 |
| BHEL | 261.85 | 260 |
| BIOCON | 370.9 | 365 |
| BLUESTARCO | 1799.4 | 1800 |
| BOSCHLTD | 35915 | 35000 |
| BPCL | 352.35 | 340 |
| BRITANNIA | 5880.5 | 5800 |
| BSE | 2486.6 | 2600 |
| BSOFT | 425.55 | 430 |
| CAMS | 4192 | 4250 |
| CANBK | 112.41 | 113 |
| CDSL | 1760.6 | 1760 |
| CESC | 179.3 | 175 |
| CGPOWER | 672.5 | 670 |
| CHAMBLFERT | 551.75 | 560 |
| CHOLAFIN | 1547 | 1560 |
| CIPLA | 1472 | 1500 |
| COALINDIA | 384.65 | 395 |
| COFORGE | 1890 | 1880 |
| COLPAL | 2419 | 2440 |
| CONCOR | 625 | 608 |
| CROMPTON | 344.8 | 350 |
| CUMMINSIND | 3519.8 | 3400 |
| CYIENT | 1282.3 | 1300 |
| DABUR | 520.8 | 505 |
| DALBHARAT | 2168.7 | 2160 |
| DELHIVERY | 416 | 400 |
| DIVISLAB | 6868 | 6850 |
| DIXON | 15715 | 15000 |
| DLF | 828.9 | 840 |
| DMART | 4182.2 | 4250 |
| DRREDDY | 1268 | 1280 |
| EICHERMOT | 5661.5 | 5700 |
| ETERNAL | 263.45 | 260 |
| EXIDEIND | 387 | 390 |
| FEDERALBNK | 211.5 | 212.5 |
| FORTIS | 778.45 | 780 |
| GAIL | 185.34 | 190 |
| GLENMARK | 1883.9 | 1800 |
| GMRAIRPORT | 92.08 | 90 |
| GODREJCP | 1288.7 | 1260 |
| GODREJPROP | 2246.3 | 2300 |
| GRANULES | 473.75 | 490 |
| GRASIM | 2800 | 2800 |
| HAL | 4940.8 | 4950 |
| HAVELLS | 1523.3 | 1540 |
| HCLTECH | 1660.3 | 1700 |
| HDFCAMC | 5222 | 5100 |
| HDFCBANK | 2009.7 | 2000 |
| HDFCLIFE | 769.6 | 790 |
| HEROMOTOCO | 4322.3 | 4300 |
| HFCL | 81.99 | 85 |
| HINDALCO | 674.15 | 680 |
| HINDCOPPER | 264.15 | 265 |
| HINDPETRO | 442.7 | 435 |
| HINDUNILVR | 2412.6 | 2360 |
| HINDZINC | 422.2 | 450 |
| HUDCO | 230.05 | 235 |
| ICICIBANK | 1426.1 | 1440 |
| ICICIGI | 1999.5 | 2000 |
| ICICIPRULI | 672.45 | 655 |
| IDEA | 7.34 | 7 |
| IDFCFIRSTB | 77.02 | 75 |
| IEX | 206.82 | 200 |
| IGL | 220.11 | 215 |
| IIFL | 521.9 | 490 |
| INDHOTEL | 743.7 | 760 |
| INDIANB | 629.75 | 633.75 |
| INDIGO | 5846 | 5800 |
| INDUSINDBK | 850 | 850 |
| INDUSTOWER | 405.85 | 410 |
| INFY | 1613 | 1620 |
| INOXWIND | 178.68 | 175 |
| IOC | 151.29 | 150 |
| IRB | 48.38 | 50 |
| IRCTC | 785.1 | 790 |
| IREDA | 169.41 | 170 |
| IRFC | 137.29 | 140 |
| ITC | 417.8 | 420 |
| JINDALSTEL | 946.35 | 950 |
| JIOFIN | 332.45 | 322.5 |
| JSL | 684.15 | 690 |
| JSWENERGY | 524.35 | 510 |
| JSWSTEEL | 1040 | 1030 |
| JUBLFOOD | 685.5 | 690 |
| KALYANKJIL | 579.75 | 570 |
| KAYNES | 6200.5 | 6000 |
| KEI | 3699 | 3800 |
| KFINTECH | 1293.2 | 1300 |
| KOTAKBANK | 2225 | 2200 |
| KPITTECH | 1247 | 1260 |
| LAURUSLABS | 792.4 | 760 |
| LICHSGFIN | 606.5 | 610 |
| LICI | 928.7 | 940 |
| LODHA | 1402.7 | 1400 |
| LT | 3580 | 3600 |
| LTF | 206.76 | 202.5 |
| LTIM | 5298.5 | 5350 |
| LUPIN | 1901.7 | 1940 |
| M&M | 3145.1 | 3200 |
| M&MFIN | 266.45 | 270 |
| MANAPPURAM | 265.4 | 270 |
| MANKIND | 2500 | 2450 |
| MARICO | 729.5 | 730 |
| MARUTI | 12595 | 12600 |
| MAXHEALTH | 1245.8 | 1260 |
| MAZDOCK | 3262.1 | 3300 |
| MCX | 8344.5 | 8500 |
| MFSL | 1575.9 | 1580 |
| MGL | 1472.4 | 1500 |
| MOTHERSON | 153.52 | 155 |
| MPHASIS | 2853 | 2803 |
| MUTHOOTFIN | 2633.7 | 2600 |
| NATIONALUM | 187.52 | 190 |
| NAUKRI | 1430.9 | 1460 |
| NBCC | 113.85 | 120 |
| NCC | 222.92 | 225 |
| NESTLEIND | 2423.3 | 2420 |
| NHPC | 87.9 | 86 |
| NMDC | 68.6 | 70 |
| NTPC | 343.1 | 340 |
| NYKAA | 216.67 | 205 |
| OBEROIRLTY | 1835.4 | 1880 |
| OFSS | 8769 | 9000 |
| OIL | 438.7 | 450 |
| ONGC | 243.6 | 242.5 |
| PAGEIND | 48410 | 48000 |
| PATANJALI | 1668.5 | 1660 |
| PAYTM | 929.1 | 920 |
| PEL | 1155.7 | 1160 |
| PERSISTENT | 5659.5 | 5800 |
| PETRONET | 304.85 | 310 |
| PFC | 427.85 | 420 |
| PGEL | 778.5 | 760 |
| PHOENIXLTD | 1502 | 1540 |
| PIDILITIND | 3061.7 | 3040 |
| PIIND | 4061.2 | 4100 |
| PNB | 109.66 | 110 |
| PNBHOUSING | 1088.4 | 1100 |
| POLICYBZR | 1829.3 | 1840 |
| POLYCAB | 6712 | 6600 |
| POONAWALLA | 469.15 | 460 |
| POWERGRID | 299.7 | 300 |
| PPLPHARMA | 200.13 | 200 |
| PRESTIGE | 1693.5 | 1660 |
| RBLBANK | 253.85 | 245 |
| RECLTD | 396.75 | 400 |
| RELIANCE | 1515.8 | 1510 |
| RVNL | 385.55 | 400 |
| SAIL | 134.3 | 135 |
| SBICARD | 931.25 | 940 |
| SBILIFE | 1812.7 | 1820 |
| SBIN | 811.7 | 810 |
| SHREECEM | 31130 | 31000 |
| SHRIRAMFIN | 673.9 | 680 |
| SIEMENS | 3175 | 3250 |
| SJVN | 97.8 | 100 |
| SOLARINDS | 16121 | 16750 |
| SONACOMS | 453.5 | 460 |
| SRF | 3252 | 3200 |
| SUNPHARMA | 1658.3 | 1680 |
| SUPREMEIND | 4175.8 | 4300 |
| SYNGENE | 635 | 640 |
| TATACHEM | 926.45 | 940 |
| TATACOMM | 1753 | 1760 |
| TATACONSUM | 1098.1 | 1100 |
| TATAELXSI | 6110 | 6000 |
| TATAMOTORS | 692.3 | 690 |
| TATAPOWER | 400 | 405 |
| TATASTEEL | 160.5 | 160 |
| TATATECH | 710.05 | 720 |
| TCS | 3378.7 | 3400 |
| TECHM | 1591.6 | 1630 |
| TIINDIA | 2891.1 | 3000 |
| TITAGARH | 949.35 | 940 |
| TITAN | 3428.5 | 3500 |
| TORNTPHARM | 3335.7 | 3350 |
| TORNTPOWER | 1435.3 | 1460 |
| TRENT | 5420.5 | 5600 |
| TVSMOTOR | 2827.6 | 2880 |
| ULTRACEMCO | 12601 | 12300 |
| UNIONBANK | 143.78 | 145 |
| UNITDSPR | 1374.9 | 1400 |
| UNOMINDA | 1100.9 | 1100 |
| UPL | 664.95 | 650 |
| VBL | 461.5 | 460 |
| VEDL | 436.2 | 450 |
| VOLTAS | 1371.5 | 1340 |
| WIPRO | 263.7 | 265 |
| YESBANK | 19.79 | 20 |
| ZYDUSLIFE | 971 | 990 |
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.
