IRFC
Indian Railway Fin Corp L
Max pain for IRFC
14 Jan 2025 02:55 PM IST
Max Pain for IRFC is 135
Strike 110 has a total call value of 0 versus a total put value of 46,345,818,750 Combined total value = 46,345,818,750
Strike 112.5 has a total call value of 20,268,750 versus a total put value of 41,394,956,250 Combined total value = 41,415,225,000
Strike 115 has a total call value of 40,537,500 versus a total put value of 36,444,093,750 Combined total value = 36,484,631,250
Strike 117.5 has a total call value of 74,906,250 versus a total put value of 31,729,406,250 Combined total value = 31,804,312,500
Strike 120 has a total call value of 111,918,750 versus a total put value of 27,033,225,000 Combined total value = 27,145,143,750
Strike 122.5 has a total call value of 197,400,000 versus a total put value of 23,218,293,750 Combined total value = 23,415,693,750
Strike 125 has a total call value of 297,862,500 versus a total put value of 19,528,500,000 Combined total value = 19,826,362,500
Strike 127.5 has a total call value of 634,500,000 versus a total put value of 16,400,943,750 Combined total value = 17,035,443,750
Strike 130 has a total call value of 1,113,018,750 versus a total put value of 13,514,850,000 Combined total value = 14,627,868,750
Strike 132.5 has a total call value of 2,156,418,750 versus a total put value of 11,202,450,000 Combined total value = 13,358,868,750
Strike 135 has a total call value of 3,549,675,000 versus a total put value of 9,027,525,000 Combined total value = 12,577,200,000
Strike 137.5 has a total call value of 5,525,437,500 versus a total put value of 7,094,943,750 Combined total value = 12,620,381,250
Strike 140 has a total call value of 7,922,437,500 versus a total put value of 5,392,368,750 Combined total value = 13,314,806,250
Strike 142.5 has a total call value of 11,518,818,750 versus a total put value of 4,091,643,750 Combined total value = 15,610,462,500
Strike 145 has a total call value of 15,453,600,000 versus a total put value of 3,012,993,750 Combined total value = 18,466,593,750
Strike 147.5 has a total call value of 20,713,781,250 versus a total put value of 2,184,618,750 Combined total value = 22,898,400,000
Strike 150 has a total call value of 26,342,325,000 versus a total put value of 1,429,387,500 Combined total value = 27,771,712,500
Strike 152.5 has a total call value of 34,492,125,000 versus a total put value of 971,137,500 Combined total value = 35,463,262,500
Strike 155 has a total call value of 42,984,731,250 versus a total put value of 585,150,000 Combined total value = 43,569,881,250
Strike 157.5 has a total call value of 52,748,100,000 versus a total put value of 317,250,000 Combined total value = 53,065,350,000
Strike 160 has a total call value of 62,790,825,000 versus a total put value of 49,350,000 Combined total value = 62,840,175,000
Strike 162.5 has a total call value of 75,527,531,250 versus a total put value of 43,181,250 Combined total value = 75,570,712,500
Strike 165 has a total call value of 88,489,837,500 versus a total put value of 37,012,500 Combined total value = 88,526,850,000
Strike 167.5 has a total call value of 102,622,443,750 versus a total put value of 30,843,750 Combined total value = 102,653,287,500
Strike 170 has a total call value of 116,868,731,250 versus a total put value of 24,675,000 Combined total value = 116,893,406,250
Strike 172.5 has a total call value of 132,610,500,000 versus a total put value of 18,506,250 Combined total value = 132,629,006,250
Strike 175 has a total call value of 148,412,193,750 versus a total put value of 12,337,500 Combined total value = 148,424,531,250
Strike 177.5 has a total call value of 164,597,231,250 versus a total put value of 6,168,750 Combined total value = 164,603,400,000
Strike 180 has a total call value of 180,820,162,500 versus a total put value of 0 Combined total value = 180,820,162,500
Strike 182.5 has a total call value of 197,996,606,250 versus a total put value of 0 Combined total value = 197,996,606,250
Strike 185 has a total call value of 215,173,050,000 versus a total put value of 0 Combined total value = 215,173,050,000
Strike 187.5 has a total call value of 232,507,237,500 versus a total put value of 0 Combined total value = 232,507,237,500
Strike 190 has a total call value of 249,841,425,000 versus a total put value of 0 Combined total value = 249,841,425,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 408.85 | 420 |
| ABB | 6134.1 | 6600 |
| ABBOTINDIA | 28215.15 | 29000 |
| ABCAPITAL | 174.04 | 182.5 |
| ABFRL | 269.4 | 280 |
| ACC | 1947.05 | 2060 |
| ADANIENSOL | 772 | 780 |
| ADANIENT | 2382.05 | 2500 |
| ADANIGREEN | 1003.85 | 1000 |
| ADANIPORTS | 1120.35 | 1180 |
| ALKEM | 5258.35 | 5450 |
| AMBUJACEM | 516.45 | 550 |
| ANGELONE | 2368.7 | 2500 |
| APLAPOLLO | 1469 | 1520 |
| APOLLOHOSP | 6698.25 | 7050 |
| APOLLOTYRE | 452.25 | 470 |
| ASHOKLEY | 209.7 | 220 |
| ASIANPAINT | 2242.45 | 2300 |
| ASTRAL | 1492.95 | 1600 |
| ATGL | 673.25 | 680 |
| ATUL | 6731.75 | 6900 |
| AUBANK | 573.5 | 565 |
| AUROPHARMA | 1174.3 | 1220 |
| AXISBANK | 1050.4 | 1080 |
| BAJAJ-AUTO | 8600 | 8900 |
| BAJAJFINSV | 1711 | 1640 |
| BAJFINANCE | 7351 | 7200 |
| BALKRISIND | 2701 | 2800 |
| BANDHANBNK | 146.15 | 160 |
| BANKBARODA | 223.23 | 240 |
| BANKINDIA | 94.62 | 98 |
| BATAINDIA | 1343.65 | 1380 |
| BEL | 269.05 | 280 |
| BERGEPAINT | 462.6 | 460 |
| BHARATFORG | 1189.4 | 1260 |
| BHARTIARTL | 1599.3 | 1600 |
| BHEL | 196.21 | 220 |
| BIOCON | 387.35 | 375 |
| BOSCHLTD | 31582.95 | 33000 |
| BPCL | 269.65 | 280 |
| BRITANNIA | 4863.9 | 4850 |
| BSE | 5445.35 | 5300 |
| BSOFT | 533 | 560 |
| CAMS | 4225 | 4700 |
| CANBK | 93.1 | 98 |
| CANFINHOME | 665.65 | 700 |
| CDSL | 1572 | 1700 |
| CESC | 153.33 | 160 |
| CGPOWER | 631.45 | 670 |
| CHAMBLFERT | 473 | 490 |
| CHOLAFIN | 1270.55 | 1260 |
| CIPLA | 1445.6 | 1500 |
| COALINDIA | 368.8 | 385 |
| COFORGE | 8551.4 | 9000 |
| COLPAL | 2707.05 | 2780 |
| CONCOR | 759.75 | 780 |
| COROMANDEL | 1828.25 | 1880 |
| CROMPTON | 357.75 | 370 |
| CUB | 167.14 | 170 |
| CUMMINSIND | 2935.8 | 3150 |
| CYIENT | 1710.45 | 1720 |
| DABUR | 512.4 | 515 |
| DALBHARAT | 1731.75 | 1740 |
| DEEPAKNTR | 2336.65 | 2450 |
| DELHIVERY | 322.75 | 335 |
| DIVISLAB | 5976.6 | 5900 |
| DIXON | 16102.85 | 17000 |
| DLF | 721.8 | 770 |
| DMART | 3470.2 | 3700 |
| DRREDDY | 1337.25 | 1350 |
| EICHERMOT | 5013.85 | 5000 |
| ESCORTS | 3440.3 | 3300 |
| EXIDEIND | 380.75 | 410 |
| FEDERALBNK | 192.13 | 197.5 |
| GAIL | 175.42 | 190 |
| GLENMARK | 1513.2 | 1560 |
| GMRAIRPORT | 71.53 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 535.85 | 550 |
| GODREJCP | 1138.4 | 1140 |
| GODREJPROP | 2297.3 | 2500 |
| GRANULES | 584.3 | 590 |
| GRASIM | 2307.6 | 2480 |
| GUJGASLTD | 487.6 | 495 |
| HAL | 3823.3 | 4150 |
| HAVELLS | 1522.8 | 1600 |
| HCLTECH | 1818.9 | 1840 |
| HDFCAMC | 3881 | 3950 |
| HDFCBANK | 1645.8 | 1700 |
| HDFCLIFE | 600.5 | 620 |
| HEROMOTOCO | 4097.1 | 4200 |
| HFCL | 97.7 | 105 |
| HINDALCO | 590.1 | 600 |
| HINDCOPPER | 226.65 | 250 |
| HINDPETRO | 373.5 | 395 |
| HINDUNILVR | 2369.55 | 2400 |
| HUDCO | 214.08 | 220 |
| ICICIBANK | 1238.35 | 1270 |
| ICICIGI | 1827.4 | 1860 |
| ICICIPRULI | 641.8 | 660 |
| IDEA | 8.16 | 8 |
| IDFCFIRSTB | 61.87 | 63 |
| IEX | 166.65 | 177.5 |
| IGL | 411.45 | 410 |
| INDHOTEL | 776.7 | 800 |
| INDIAMART | 2240 | 2300 |
| INDIANB | 503.85 | 520 |
| INDIGO | 3994.35 | 4250 |
| INDUSINDBK | 960.1 | 980 |
| INDUSTOWER | 340.45 | 340 |
| INFY | 1937.65 | 1940 |
| IOC | 126.65 | 135 |
| IPCALAB | 1584.9 | 1640 |
| IRB | 51.21 | 55 |
| IRCTC | 757.8 | 790 |
| IRFC | 134.65 | 135 |
| ITC | 437.05 | 445 |
| JINDALSTEL | 909.65 | 940 |
| JIOFIN | 272.5 | 285 |
| JKCEMENT | 4378.2 | 4500 |
| JSL | 625.1 | 630 |
| JSWENERGY | 547.7 | 570 |
| JSWSTEEL | 904.8 | 920 |
| JUBLFOOD | 707.95 | 730 |
| KALYANKJIL | 597.7 | 640 |
| KEI | 4016.7 | 4200 |
| KOTAKBANK | 1756.85 | 1800 |
| KPITTECH | 1323.05 | 1400 |
| LALPATHLAB | 2800 | 2950 |
| LAURUSLABS | 568.05 | 590 |
| LICHSGFIN | 550.65 | 580 |
| LICI | 823.75 | 860 |
| LODHA | 1143.25 | 1240 |
| LT | 3468.7 | 3600 |
| LTF | 132.8 | 140 |
| LTIM | 5760.5 | 5800 |
| LTTS | 4709 | 4800 |
| LUPIN | 2153.45 | 2240 |
| M&M | 3050.05 | 3100 |
| M&MFIN | 265.9 | 270 |
| MANAPPURAM | 176.95 | 190 |
| MARICO | 660.3 | 660 |
| MARUTI | 11748.35 | 11600 |
| MAXHEALTH | 1082.05 | 1140 |
| MCX | 5681.05 | 6000 |
| METROPOLIS | 1872.65 | 2000 |
| MFSL | 1052.6 | 1100 |
| MGL | 1269.95 | 1280 |
| MOTHERSON | 145.32 | 155 |
| MPHASIS | 2778.65 | 2900 |
| MRF | 114362.3 | 118000 |
| MUTHOOTFIN | 2123.3 | 2140 |
| NATIONALUM | 198.33 | 210 |
| NAUKRI | 7430.35 | 8000 |
| NAVINFLUOR | 3618.85 | 3650 |
| NCC | 245.65 | 260 |
| NESTLEIND | 2220.4 | 2200 |
| NHPC | 76.36 | 78 |
| NMDC | 63.02 | 67 |
| NTPC | 309.95 | 320 |
| NYKAA | 165.22 | 167.5 |
| OBEROIRLTY | 1973.3 | 2140 |
| OFSS | 10715.35 | 11500 |
| OIL | 467.2 | 460 |
| ONGC | 260 | 257.5 |
| PAGEIND | 46432.15 | 47000 |
| PAYTM | 819.4 | 880 |
| PEL | 1022.85 | 1080 |
| PERSISTENT | 5863.15 | 6200 |
| PETRONET | 325.7 | 335 |
| PFC | 418.05 | 440 |
| PIDILITIND | 2807.5 | 2900 |
| PIIND | 3466.65 | 3600 |
| PNB | 98.32 | 102 |
| POLICYBZR | 1739.4 | 1900 |
| POLYCAB | 6443.5 | 6800 |
| POONAWALLA | 308.55 | 315 |
| POWERGRID | 289.75 | 305 |
| PRESTIGE | 1425 | 1550 |
| PVRINOX | 1084.9 | 1180 |
| RAMCOCEM | 882.85 | 930 |
| RBLBANK | 152.45 | 160 |
| RECLTD | 476.65 | 500 |
| RELIANCE | 1237.85 | 1250 |
| SAIL | 105.75 | 110 |
| SBICARD | 733.35 | 730 |
| SBILIFE | 1499.85 | 1440 |
| SBIN | 748.15 | 780 |
| SHREECEM | 25102.85 | 25750 |
| SHRIRAMFIN | 542.95 | 570 |
| SIEMENS | 5838.45 | 6200 |
| SJVN | 94.05 | 100 |
| SONACOMS | 569.15 | 580 |
| SRF | 2506.75 | 2560 |
| SUNPHARMA | 1769.7 | 1820 |
| SUNTV | 656.75 | 680 |
| SUPREMEIND | 4350.8 | 4500 |
| SYNGENE | 828 | 850 |
| TATACHEM | 966.15 | 1020 |
| TATACOMM | 1678 | 1740 |
| TATACONSUM | 961.7 | 950 |
| TATAELXSI | 6074.7 | 6200 |
| TATAMOTORS | 771.3 | 780 |
| TATAPOWER | 356.05 | 380 |
| TATASTEEL | 126.8 | 135 |
| TCS | 4237.9 | 4200 |
| TECHM | 1650.4 | 1680 |
| TIINDIA | 3302.6 | 3550 |
| TITAN | 3327.1 | 3400 |
| TORNTPHARM | 3245.7 | 3350 |
| TRENT | 6156.3 | 6600 |
| TVSMOTOR | 2233.25 | 2320 |
| UBL | 1966.55 | 2000 |
| ULTRACEMCO | 10498.25 | 11100 |
| UNIONBANK | 103.96 | 110 |
| UNITDSPR | 1405.9 | 1500 |
| UPL | 540.65 | 530 |
| VBL | 566.3 | 600 |
| VEDL | 430.25 | 450 |
| VOLTAS | 1635.5 | 1720 |
| WIPRO | 292.75 | 295 |
| YESBANK | 17.95 | 19 |
| ZOMATO | 233.75 | 250 |
| ZYDUSLIFE | 996.85 | 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.
