IRFC
Indian Railway Fin Corp L
Max pain for IRFC
13 Jun 2025 04:13 PM IST
Max Pain for IRFC is 140
Strike 100 has a total call value of 0 versus a total put value of 90,770,512,500 Combined total value = 90,770,512,500
Strike 102.5 has a total call value of 881,250 versus a total put value of 84,940,162,500 Combined total value = 84,941,043,750
Strike 105 has a total call value of 1,762,500 versus a total put value of 79,109,812,500 Combined total value = 79,111,575,000
Strike 107.5 has a total call value of 2,643,750 versus a total put value of 73,317,356,250 Combined total value = 73,320,000,000
Strike 110 has a total call value of 3,525,000 versus a total put value of 67,524,900,000 Combined total value = 67,528,425,000
Strike 112.5 has a total call value of 4,406,250 versus a total put value of 61,732,443,750 Combined total value = 61,736,850,000
Strike 115 has a total call value of 5,287,500 versus a total put value of 55,939,987,500 Combined total value = 55,945,275,000
Strike 117.5 has a total call value of 6,168,750 versus a total put value of 50,210,100,000 Combined total value = 50,216,268,750
Strike 120 has a total call value of 7,050,000 versus a total put value of 44,480,212,500 Combined total value = 44,487,262,500
Strike 122.5 has a total call value of 78,431,250 versus a total put value of 38,907,187,500 Combined total value = 38,985,618,750
Strike 125 has a total call value of 149,812,500 versus a total put value of 33,334,162,500 Combined total value = 33,483,975,000
Strike 127.5 has a total call value of 284,643,750 versus a total put value of 27,964,706,250 Combined total value = 28,249,350,000
Strike 130 has a total call value of 459,131,250 versus a total put value of 22,659,581,250 Combined total value = 23,118,712,500
Strike 132.5 has a total call value of 765,806,250 versus a total put value of 18,018,037,500 Combined total value = 18,783,843,750
Strike 135 has a total call value of 1,098,037,500 versus a total put value of 13,517,493,750 Combined total value = 14,615,531,250
Strike 137.5 has a total call value of 1,632,075,000 versus a total put value of 9,587,118,750 Combined total value = 11,219,193,750
Strike 140 has a total call value of 2,441,943,750 versus a total put value of 6,071,812,500 Combined total value = 8,513,756,250
Strike 142.5 has a total call value of 4,792,237,500 versus a total put value of 4,151,568,750 Combined total value = 8,943,806,250
Strike 145 has a total call value of 7,756,762,500 versus a total put value of 2,474,550,000 Combined total value = 10,231,312,500
Strike 147.5 has a total call value of 12,558,693,750 versus a total put value of 1,407,356,250 Combined total value = 13,966,050,000
Strike 150 has a total call value of 18,530,925,000 versus a total put value of 617,756,250 Combined total value = 19,148,681,250
Strike 152.5 has a total call value of 28,503,150,000 versus a total put value of 393,918,750 Combined total value = 28,897,068,750
Strike 155 has a total call value of 38,883,393,750 versus a total put value of 212,381,250 Combined total value = 39,095,775,000
Strike 157.5 has a total call value of 50,778,506,250 versus a total put value of 91,650,000 Combined total value = 50,870,156,250
Strike 160 has a total call value of 62,803,162,500 versus a total put value of 0 Combined total value = 62,803,162,500
Strike 162.5 has a total call value of 77,061,787,500 versus a total put value of 0 Combined total value = 77,061,787,500
Strike 165 has a total call value of 91,320,412,500 versus a total put value of 0 Combined total value = 91,320,412,500
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 462.3 | 475 |
| ABB | 6001 | 6000 |
| ABCAPITAL | 240.6 | 235 |
| ABFRL | 74.41 | 80 |
| ACC | 1849 | 1900 |
| ADANIENSOL | 862.75 | 880 |
| ADANIENT | 2506 | 2600 |
| ADANIGREEN | 994 | 1020 |
| ADANIPORTS | 1406.1 | 1420 |
| ALKEM | 4850.5 | 4900 |
| AMBUJACEM | 543.95 | 560 |
| ANGELONE | 2925 | 3050 |
| APLAPOLLO | 1845.9 | 1860 |
| APOLLOHOSP | 7000 | 6950 |
| ASHOKLEY | 234.55 | 240 |
| ASIANPAINT | 2216.6 | 2240 |
| ASTRAL | 1528.8 | 1500 |
| ATGL | 660 | 680 |
| AUBANK | 768.2 | 750 |
| AUROPHARMA | 1147.9 | 1160 |
| AXISBANK | 1207 | 1200 |
| BAJAJ-AUTO | 8482.5 | 8600 |
| BAJAJFINSV | 2015 | 2000 |
| BAJFINANCE | 9340 | 9300 |
| BALKRISIND | 2460 | 2460 |
| BANDHANBNK | 175.04 | 175 |
| BANKBARODA | 239.8 | 242.5 |
| BANKINDIA | 121.3 | 124 |
| BDL | 1900 | 1900 |
| BEL | 395.15 | 390 |
| BHARATFORG | 1310.6 | 1300 |
| BHARTIARTL | 1840.1 | 1860 |
| BHEL | 253.7 | 255 |
| BIOCON | 356.5 | 350 |
| BLUESTARCO | 1643 | 1600 |
| BOSCHLTD | 31600 | 32000 |
| BPCL | 312.9 | 320 |
| BRITANNIA | 5560 | 5550 |
| BSE | 2722 | 2700 |
| BSOFT | 416 | 420 |
| CAMS | 3986 | 4100 |
| CANBK | 111.7 | 111 |
| CDSL | 1661 | 1700 |
| CESC | 164.99 | 170 |
| CGPOWER | 673.5 | 690 |
| CHAMBLFERT | 549.05 | 560 |
| CHOLAFIN | 1555 | 1580 |
| CIPLA | 1507.8 | 1500 |
| COALINDIA | 391.3 | 400 |
| COFORGE | 1793.5 | 1760 |
| COLPAL | 2372.9 | 2460 |
| CONCOR | 763.45 | 780 |
| CROMPTON | 343.95 | 350 |
| CUMMINSIND | 3321 | 3300 |
| CYIENT | 1300 | 1340 |
| DABUR | 467.6 | 480 |
| DALBHARAT | 2085.9 | 2100 |
| DELHIVERY | 359.4 | 365 |
| DIVISLAB | 6670 | 6700 |
| DIXON | 14349 | 15000 |
| DLF | 856 | 840 |
| DMART | 4045 | 4100 |
| DRREDDY | 1363 | 1310 |
| EICHERMOT | 5323 | 5350 |
| ETERNAL | 249.5 | 250 |
| EXIDEIND | 385.2 | 395 |
| FEDERALBNK | 205.6 | 210 |
| FORTIS | 753 | 740 |
| GAIL | 191.98 | 195 |
| GLENMARK | 1674 | 1600 |
| GMRAIRPORT | 80.99 | 85 |
| GODREJCP | 1187.2 | 1220 |
| GODREJPROP | 2413 | 2400 |
| GRANULES | 508.1 | 530 |
| GRASIM | 2665 | 2660 |
| HAL | 5035 | 5000 |
| HAVELLS | 1541.5 | 1560 |
| HCLTECH | 1697.4 | 1680 |
| HDFCAMC | 4959 | 5000 |
| HDFCBANK | 1919.5 | 1940 |
| HDFCLIFE | 752 | 760 |
| HEROMOTOCO | 4338.9 | 4300 |
| HFCL | 86.43 | 90 |
| HINDALCO | 641.35 | 650 |
| HINDCOPPER | 253.99 | 250 |
| HINDPETRO | 386.25 | 400 |
| HINDUNILVR | 2320 | 2360 |
| HINDZINC | 515.3 | 510 |
| HUDCO | 227.97 | 240 |
| ICICIBANK | 1417.7 | 1440 |
| ICICIGI | 1943.3 | 1940 |
| ICICIPRULI | 629 | 640 |
| IDEA | 6.71 | 7 |
| IDFCFIRSTB | 70.3 | 70 |
| IEX | 186.99 | 197.5 |
| IGL | 199.5 | 205 |
| IIFL | 468.6 | 470 |
| INDHOTEL | 735.8 | 760 |
| INDIANB | 625.4 | 620 |
| INDIGO | 5275 | 5400 |
| INDUSINDBK | 818.5 | 820 |
| INDUSTOWER | 379.65 | 390 |
| INFY | 1605 | 1580 |
| INOXWIND | 173.24 | 185 |
| IOC | 140.6 | 144 |
| IRB | 50.05 | 52 |
| IRCTC | 770.75 | 780 |
| IREDA | 167.95 | 175 |
| IRFC | 138.84 | 140 |
| ITC | 413.95 | 420 |
| JINDALSTEL | 920.5 | 950 |
| JIOFIN | 295.1 | 295 |
| JSL | 712.15 | 700 |
| JSWENERGY | 508.75 | 510 |
| JSWSTEEL | 987.1 | 1000 |
| JUBLFOOD | 682 | 680 |
| KALYANKJIL | 521 | 540 |
| KAYNES | 5478 | 5600 |
| KEI | 3674 | 3700 |
| KOTAKBANK | 2106 | 2100 |
| KPITTECH | 1354.5 | 1360 |
| LAURUSLABS | 667 | 650 |
| LICHSGFIN | 600.5 | 600 |
| LICI | 939.35 | 950 |
| LODHA | 1458 | 1460 |
| LT | 3586.2 | 3600 |
| LTF | 185.85 | 185 |
| LTIM | 5425 | 5200 |
| LUPIN | 1997.8 | 2000 |
| M&M | 3005.9 | 3050 |
| M&MFIN | 271.5 | 270 |
| MANAPPURAM | 279.8 | 245 |
| MANKIND | 2380 | 2400 |
| MARICO | 691.5 | 700 |
| MARUTI | 12405 | 12400 |
| MAXHEALTH | 1236.5 | 1200 |
| MAZDOCK | 3206.6 | 3400 |
| MCX | 7577 | 7500 |
| MFSL | 1525.4 | 1500 |
| MGL | 1348 | 1360 |
| MOTHERSON | 154.1 | 155 |
| MPHASIS | 2644.1 | 2600 |
| MUTHOOTFIN | 2603 | 2500 |
| NATIONALUM | 186 | 190 |
| NAUKRI | 1459.9 | 1500 |
| NBCC | 120.9 | 120 |
| NCC | 226.3 | 232.5 |
| NESTLEIND | 2378.9 | 2400 |
| NHPC | 86.25 | 89 |
| NMDC | 70.5 | 72 |
| NTPC | 332.2 | 340 |
| NYKAA | 194.59 | 200 |
| OBEROIRLTY | 1905.1 | 1860 |
| OFSS | 9487 | 9200 |
| OIL | 478.5 | 450 |
| ONGC | 251.05 | 245 |
| PAGEIND | 46275 | 46500 |
| PATANJALI | 1673 | 1700 |
| PAYTM | 884.8 | 900 |
| PEL | 1132.5 | 1140 |
| PERSISTENT | 5897.5 | 5800 |
| PETRONET | 301.1 | 310 |
| PFC | 406.65 | 420 |
| PHOENIXLTD | 1594.9 | 1600 |
| PIDILITIND | 3018.9 | 3020 |
| PIIND | 3973 | 3900 |
| PNB | 106.65 | 108 |
| PNBHOUSING | 1057.6 | 1080 |
| POLICYBZR | 1894.8 | 1860 |
| POLYCAB | 6028 | 6000 |
| POONAWALLA | 417.9 | 420 |
| POWERGRID | 286 | 292.5 |
| PPLPHARMA | 200.78 | 205 |
| PRESTIGE | 1656.2 | 1600 |
| RBLBANK | 219.6 | 215 |
| RECLTD | 403.15 | 410 |
| RELIANCE | 1427.5 | 1440 |
| RVNL | 408 | 420 |
| SAIL | 129.35 | 130 |
| SBICARD | 1007 | 970 |
| SBILIFE | 1756.4 | 1780 |
| SBIN | 793.3 | 810 |
| SHREECEM | 29625 | 29500 |
| SHRIRAMFIN | 668.05 | 670 |
| SIEMENS | 3264 | 3300 |
| SJVN | 98.78 | 100 |
| SOLARINDS | 16845 | 16500 |
| SONACOMS | 502.9 | 520 |
| SRF | 3108.3 | 3050 |
| SUNPHARMA | 1688 | 1680 |
| SUPREMEIND | 4353.9 | 4300 |
| SYNGENE | 655 | 660 |
| TATACHEM | 924 | 920 |
| TATACOMM | 1702.9 | 1700 |
| TATACONSUM | 1080.6 | 1100 |
| TATAELXSI | 6393.5 | 6500 |
| TATAMOTORS | 713.75 | 720 |
| TATAPOWER | 398.35 | 405 |
| TATASTEEL | 152.34 | 155 |
| TATATECH | 756 | 760 |
| TCS | 3447.4 | 3440 |
| TECHM | 1658 | 1620 |
| TIINDIA | 2940 | 3050 |
| TITAGARH | 903.95 | 920 |
| TITAN | 3420 | 3500 |
| TORNTPHARM | 3248.4 | 3200 |
| TORNTPOWER | 1413 | 1420 |
| TRENT | 5617.5 | 5700 |
| TVSMOTOR | 2744.4 | 2760 |
| ULTRACEMCO | 11215 | 11300 |
| UNIONBANK | 146.59 | 150 |
| UNITDSPR | 1453 | 1500 |
| UNOMINDA | 1064.6 | 1060 |
| UPL | 632 | 640 |
| USDINR | 86.28 | 85.5 |
| VBL | 470.9 | 480 |
| VEDL | 458.35 | 450 |
| VOLTAS | 1279.8 | 1280 |
| WIPRO | 260.59 | 255 |
| YESBANK | 20.24 | 21 |
| ZOMATO | 0 | 200 |
| ZYDUSLIFE | 974 | 970 |
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.
