IRFC
Indian Railway Fin Corp L
Max pain for IRFC
12 Dec 2024 10:05 AM IST
Max Pain for IRFC is 160
Strike 125 has a total call value of 0 versus a total put value of 58,686,843,750 Combined total value = 58,686,843,750
Strike 127.5 has a total call value of 0 versus a total put value of 53,496,281,250 Combined total value = 53,496,281,250
Strike 130 has a total call value of 0 versus a total put value of 48,305,718,750 Combined total value = 48,305,718,750
Strike 132.5 has a total call value of 0 versus a total put value of 43,286,118,750 Combined total value = 43,286,118,750
Strike 135 has a total call value of 0 versus a total put value of 38,266,518,750 Combined total value = 38,266,518,750
Strike 137.5 has a total call value of 0 versus a total put value of 33,506,887,500 Combined total value = 33,506,887,500
Strike 140 has a total call value of 0 versus a total put value of 28,747,256,250 Combined total value = 28,747,256,250
Strike 142.5 has a total call value of 42,300,000 versus a total put value of 24,573,656,250 Combined total value = 24,615,956,250
Strike 145 has a total call value of 84,600,000 versus a total put value of 20,459,981,250 Combined total value = 20,544,581,250
Strike 147.5 has a total call value of 244,106,250 versus a total put value of 16,791,337,500 Combined total value = 17,035,443,750
Strike 150 has a total call value of 403,612,500 versus a total put value of 13,241,662,500 Combined total value = 13,645,275,000
Strike 152.5 has a total call value of 841,593,750 versus a total put value of 10,427,831,250 Combined total value = 11,269,425,000
Strike 155 has a total call value of 1,374,750,000 versus a total put value of 7,727,681,250 Combined total value = 9,102,431,250
Strike 157.5 has a total call value of 2,343,243,750 versus a total put value of 5,473,443,750 Combined total value = 7,816,687,500
Strike 160 has a total call value of 3,488,868,750 versus a total put value of 3,392,812,500 Combined total value = 6,881,681,250
Strike 162.5 has a total call value of 5,793,337,500 versus a total put value of 2,110,593,750 Combined total value = 7,903,931,250
Strike 165 has a total call value of 8,479,387,500 versus a total put value of 994,050,000 Combined total value = 9,473,437,500
Strike 167.5 has a total call value of 13,280,437,500 versus a total put value of 460,893,750 Combined total value = 13,741,331,250
Strike 170 has a total call value of 18,655,181,250 versus a total put value of 16,743,750 Combined total value = 18,671,925,000
Strike 172.5 has a total call value of 26,506,237,500 versus a total put value of 8,812,500 Combined total value = 26,515,050,000
Strike 175 has a total call value of 34,559,981,250 versus a total put value of 7,050,000 Combined total value = 34,567,031,250
Strike 177.5 has a total call value of 43,396,275,000 versus a total put value of 5,287,500 Combined total value = 43,401,562,500
Strike 180 has a total call value of 52,407,056,250 versus a total put value of 3,525,000 Combined total value = 52,410,581,250
Strike 182.5 has a total call value of 62,515,875,000 versus a total put value of 1,762,500 Combined total value = 62,517,637,500
Strike 185 has a total call value of 72,666,993,750 versus a total put value of 0 Combined total value = 72,666,993,750
Strike 187.5 has a total call value of 83,739,018,750 versus a total put value of 0 Combined total value = 83,739,018,750
Strike 190 has a total call value of 94,908,862,500 versus a total put value of 0 Combined total value = 94,908,862,500
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.
