ITC
Itc Ltd
Max pain for ITC
02 Dec 2024 04:13 PM IST
Max Pain for ITC is 480
Strike 400 has a total call value of 0 versus a total put value of 115,091,200,000 Combined total value = 115,091,200,000
Strike 405 has a total call value of 6,400,000 versus a total put value of 106,279,200,000 Combined total value = 106,285,600,000
Strike 410 has a total call value of 12,800,000 versus a total put value of 97,467,200,000 Combined total value = 97,480,000,000
Strike 415 has a total call value of 19,200,000 versus a total put value of 88,868,000,000 Combined total value = 88,887,200,000
Strike 420 has a total call value of 25,600,000 versus a total put value of 80,268,800,000 Combined total value = 80,294,400,000
Strike 425 has a total call value of 32,000,000 versus a total put value of 72,037,600,000 Combined total value = 72,069,600,000
Strike 430 has a total call value of 38,400,000 versus a total put value of 63,806,400,000 Combined total value = 63,844,800,000
Strike 435 has a total call value of 57,600,000 versus a total put value of 55,955,200,000 Combined total value = 56,012,800,000
Strike 440 has a total call value of 76,800,000 versus a total put value of 48,305,600,000 Combined total value = 48,382,400,000
Strike 445 has a total call value of 119,200,000 versus a total put value of 41,154,400,000 Combined total value = 41,273,600,000
Strike 450 has a total call value of 178,400,000 versus a total put value of 34,247,200,000 Combined total value = 34,425,600,000
Strike 455 has a total call value of 339,200,000 versus a total put value of 28,418,400,000 Combined total value = 28,757,600,000
Strike 460 has a total call value of 529,600,000 versus a total put value of 22,849,600,000 Combined total value = 23,379,200,000
Strike 465 has a total call value of 928,800,000 versus a total put value of 17,970,400,000 Combined total value = 18,899,200,000
Strike 470 has a total call value of 1,439,200,000 versus a total put value of 13,413,600,000 Combined total value = 14,852,800,000
Strike 475 has a total call value of 2,456,000,000 versus a total put value of 9,799,200,000 Combined total value = 12,255,200,000
Strike 480 has a total call value of 3,971,200,000 versus a total put value of 6,704,000,000 Combined total value = 10,675,200,000
Strike 485 has a total call value of 7,718,400,000 versus a total put value of 4,633,600,000 Combined total value = 12,352,000,000
Strike 490 has a total call value of 12,343,200,000 versus a total put value of 2,851,200,000 Combined total value = 15,194,400,000
Strike 495 has a total call value of 18,590,400,000 versus a total put value of 1,608,000,000 Combined total value = 20,198,400,000
Strike 500 has a total call value of 25,335,200,000 versus a total put value of 468,800,000 Combined total value = 25,804,000,000
Strike 505 has a total call value of 35,472,800,000 versus a total put value of 305,600,000 Combined total value = 35,778,400,000
Strike 510 has a total call value of 46,342,400,000 versus a total put value of 214,400,000 Combined total value = 46,556,800,000
Strike 515 has a total call value of 58,167,200,000 versus a total put value of 123,200,000 Combined total value = 58,290,400,000
Strike 520 has a total call value of 70,252,000,000 versus a total put value of 32,000,000 Combined total value = 70,284,000,000
Strike 525 has a total call value of 83,366,400,000 versus a total put value of 22,400,000 Combined total value = 83,388,800,000
Strike 530 has a total call value of 96,595,200,000 versus a total put value of 19,200,000 Combined total value = 96,614,400,000
Strike 535 has a total call value of 110,464,800,000 versus a total put value of 16,000,000 Combined total value = 110,480,800,000
Strike 540 has a total call value of 124,353,600,000 versus a total put value of 12,800,000 Combined total value = 124,366,400,000
Strike 545 has a total call value of 138,414,400,000 versus a total put value of 9,600,000 Combined total value = 138,424,000,000
Strike 550 has a total call value of 152,475,200,000 versus a total put value of 6,400,000 Combined total value = 152,481,600,000
Strike 555 has a total call value of 166,780,800,000 versus a total put value of 3,200,000 Combined total value = 166,784,000,000
Strike 560 has a total call value of 181,086,400,000 versus a total put value of 0 Combined total value = 181,086,400,000
Strike 565 has a total call value of 195,436,800,000 versus a total put value of 0 Combined total value = 195,436,800,000
Strike 570 has a total call value of 209,787,200,000 versus a total put value of 0 Combined total value = 209,787,200,000
Strike 575 has a total call value of 224,137,600,000 versus a total put value of 0 Combined total value = 224,137,600,000
Strike 580 has a total call value of 238,488,000,000 versus a total put value of 0 Combined total value = 238,488,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 443.95 | 460 |
| ABB | 7490.75 | 7400 |
| ABBOTINDIA | 28053.1 | 28000 |
| ABCAPITAL | 194.18 | 200 |
| ABFRL | 322.2 | 320 |
| ACC | 2234.45 | 2300 |
| ADANIENSOL | 807 | 800 |
| ADANIENT | 2457.05 | 2500 |
| ADANIGREEN | 1327.95 | 1300 |
| ADANIPORTS | 1215.8 | 1200 |
| ALKEM | 5692.75 | 5600 |
| AMBUJACEM | 538.8 | 540 |
| ANGELONE | 2935.5 | 2900 |
| APLAPOLLO | 1506.85 | 1500 |
| APOLLOHOSP | 7065.8 | 7000 |
| APOLLOTYRE | 513.75 | 500 |
| ASHOKLEY | 229.82 | 230 |
| ASIANPAINT | 2479.05 | 2500 |
| ASTRAL | 1816.3 | 1820 |
| ATGL | 772.55 | 790 |
| ATUL | 7353.6 | 7300 |
| AUBANK | 581.6 | 590 |
| AUROPHARMA | 1254.75 | 1260 |
| AXISBANK | 1137.1 | 1150 |
| BAJAJ-AUTO | 9130.35 | 9200 |
| BAJAJFINSV | 1596.65 | 1600 |
| BAJFINANCE | 6650.65 | 6800 |
| BALKRISIND | 2814.95 | 2800 |
| BANDHANBNK | 170.79 | 175 |
| BANKBARODA | 246.41 | 250 |
| BANKINDIA | 110.12 | 110 |
| BATAINDIA | 1433.45 | 1400 |
| BEL | 306.9 | 305 |
| BERGEPAINT | 489.6 | 495 |
| BHARATFORG | 1343.75 | 1340 |
| BHARTIARTL | 1643.6 | 1620 |
| BHEL | 249.65 | 250 |
| BIOCON | 375.35 | 365 |
| BOSCHLTD | 34928.15 | 35000 |
| BPCL | 294.15 | 295 |
| BRITANNIA | 4907.25 | 5000 |
| BSE | 4563.85 | 4600 |
| BSOFT | 597.5 | 600 |
| CAMS | 5102.3 | 5000 |
| CANBK | 101.71 | 103 |
| CANFINHOME | 814.55 | 830 |
| CDSL | 1665.05 | 1640 |
| CESC | 177.46 | 175 |
| CGPOWER | 755.2 | 750 |
| CHAMBLFERT | 524.8 | 510 |
| CHOLAFIN | 1249.2 | 1260 |
| CIPLA | 1507.7 | 1520 |
| COALINDIA | 421.7 | 424.25 |
| COFORGE | 8710.7 | 8600 |
| COLPAL | 2887.45 | 2950 |
| CONCOR | 835.9 | 830 |
| COROMANDEL | 1775.85 | 1800 |
| CROMPTON | 416.85 | 410 |
| CUB | 181.08 | 180 |
| CUMMINSIND | 3430 | 3500 |
| CYIENT | 1870 | 1900 |
| DABUR | 523.9 | 530 |
| DALBHARAT | 1879.75 | 1860 |
| DEEPAKNTR | 2759.05 | 2750 |
| DELHIVERY | 333.3 | 340 |
| DIVISLAB | 6255.35 | 6150 |
| DIXON | 16763.9 | 16000 |
| DLF | 849.1 | 830 |
| DMART | 3678.4 | 3700 |
| DRREDDY | 1221.75 | 1210 |
| EICHERMOT | 4820.7 | 4900 |
| ESCORTS | 3527.85 | 3600 |
| EXIDEIND | 451.25 | 450 |
| FEDERALBNK | 209.08 | 210 |
| GAIL | 198.54 | 200 |
| GLENMARK | 1547.55 | 1520 |
| GMRINFRA | 83.34 | 85 |
| GNFC | 652.25 | 640 |
| GODREJCP | 1227.15 | 1240 |
| GODREJPROP | 2901.4 | 2850 |
| GRANULES | 595.05 | 580 |
| GRASIM | 2693.55 | 2640 |
| GUJGASLTD | 480.5 | 480 |
| HAL | 4504.75 | 4500 |
| HAVELLS | 1739.35 | 1720 |
| HCLTECH | 1871.5 | 1880 |
| HDFCAMC | 4250.05 | 4300 |
| HDFCBANK | 1804.7 | 1800 |
| HDFCLIFE | 640.2 | 650 |
| HEROMOTOCO | 4748.45 | 4800 |
| HFCL | 129.52 | 130 |
| HINDALCO | 662.6 | 660 |
| HINDCOPPER | 276.75 | 280 |
| HINDPETRO | 380.95 | 380 |
| HINDUNILVR | 2479.15 | 2500 |
| HUDCO | 237.99 | 230 |
| ICICIBANK | 1304.65 | 1300 |
| ICICIGI | 1834.1 | 1880 |
| ICICIPRULI | 691.9 | 700 |
| IDEA | 8.28 | 8 |
| IDFCFIRSTB | 64.39 | 65 |
| IEX | 178.19 | 175 |
| IGL | 343.55 | 330 |
| INDHOTEL | 801.05 | 790 |
| INDIAMART | 2362.8 | 2350 |
| INDIANB | 582.65 | 570 |
| INDIGO | 4409.25 | 4400 |
| INDUSINDBK | 990.95 | 1000 |
| INDUSTOWER | 346.65 | 350 |
| INFY | 1879.8 | 1880 |
| IOC | 137.65 | 140 |
| IPCALAB | 1533 | 1540 |
| IRB | 54.82 | 53 |
| IRCTC | 816.5 | 830 |
| IRFC | 147.28 | 147.5 |
| ITC | 477.2 | 480 |
| JINDALSTEL | 918.55 | 900 |
| JIOFIN | 329.7 | 330 |
| JKCEMENT | 4495.65 | 4400 |
| JSL | 691.75 | 680 |
| JSWENERGY | 645.65 | 650 |
| JSWSTEEL | 989.8 | 980 |
| JUBLFOOD | 651.9 | 650 |
| KALYANKJIL | 722.1 | 720 |
| KEI | 4354.9 | 4400 |
| KOTAKBANK | 1753.95 | 1780 |
| KPITTECH | 1341.25 | 1380 |
| LALPATHLAB | 3018.25 | 3100 |
| LAURUSLABS | 576.8 | 560 |
| LICHSGFIN | 626.85 | 640 |
| LICI | 983.8 | 980 |
| LODHA | 1289.55 | 1300 |
| LT | 3704.05 | 3700 |
| LTF | 143.72 | 145 |
| LTIM | 6213.35 | 6200 |
| LTTS | 5276.9 | 5300 |
| LUPIN | 2069.55 | 2040 |
| M&M | 3016.4 | 3000 |
| M&MFIN | 277.4 | 275 |
| MANAPPURAM | 156.18 | 155 |
| MARICO | 646.55 | 640 |
| MARUTI | 11239.3 | 11200 |
| MAXHEALTH | 1019.2 | 980 |
| MCX | 6323 | 6200 |
| METROPOLIS | 2134.55 | 2140 |
| MFSL | 1114.65 | 1140 |
| MGL | 1236.5 | 1200 |
| MOTHERSON | 165.75 | 167.5 |
| MPHASIS | 3050 | 3000 |
| MRF | 125359.35 | 125000 |
| MUTHOOTFIN | 1935.55 | 1920 |
| NATIONALUM | 243.3 | 240 |
| NAUKRI | 8447.2 | 8300 |
| NAVINFLUOR | 3583 | 3550 |
| NCC | 309.1 | 310 |
| NESTLEIND | 2251.85 | 2300 |
| NHPC | 81.48 | 81 |
| NMDC | 231.75 | 230 |
| NTPC | 358.2 | 365 |
| NYKAA | 171.21 | 170 |
| OBEROIRLTY | 2069.65 | 2000 |
| OFSS | 12266.5 | 12000 |
| OIL | 479.35 | 480 |
| ONGC | 257.55 | 259 |
| PAGEIND | 45864.95 | 45500 |
| PAYTM | 895.95 | 900 |
| PEL | 1207.45 | 1180 |
| PERSISTENT | 5932.4 | 6000 |
| PETRONET | 338.55 | 333 |
| PFC | 495.75 | 490 |
| PIDILITIND | 3132.5 | 3100 |
| PIIND | 4095.2 | 4100 |
| PNB | 105 | 105 |
| POLICYBZR | 1945.1 | 1900 |
| POLYCAB | 7351.95 | 7200 |
| POONAWALLA | 344.3 | 350 |
| POWERGRID | 327.85 | 330 |
| PRESTIGE | 1718.25 | 1550 |
| PVRINOX | 1572.5 | 1540 |
| RAMCOCEM | 1035.25 | 1000 |
| RBLBANK | 155.96 | 155 |
| RECLTD | 531.9 | 530 |
| RELIANCE | 1309.15 | 1310 |
| SAIL | 119.08 | 120 |
| SBICARD | 703.05 | 700 |
| SBILIFE | 1422.05 | 1440 |
| SBIN | 836.4 | 840 |
| SHREECEM | 26784 | 26000 |
| SHRIRAMFIN | 3094.2 | 3100 |
| SIEMENS | 7563.2 | 7500 |
| SJVN | 113.81 | 115 |
| SONACOMS | 676.05 | 630 |
| SRF | 2296.95 | 2300 |
| SUNPHARMA | 1808.55 | 1800 |
| SUNTV | 757 | 750 |
| SUPREMEIND | 4772.65 | 4600 |
| SYNGENE | 947.8 | 930 |
| TATACHEM | 1129.8 | 1120 |
| TATACOMM | 1792.15 | 1800 |
| TATACONSUM | 957 | 960 |
| TATAELXSI | 6712.95 | 6600 |
| TATAMOTORS | 790.05 | 800 |
| TATAPOWER | 416.5 | 420 |
| TATASTEEL | 146.41 | 150 |
| TCS | 4276.65 | 4300 |
| TECHM | 1745.95 | 1740 |
| TIINDIA | 3541.85 | 3600 |
| TITAN | 3306.85 | 3300 |
| TORNTPHARM | 3339.15 | 3300 |
| TRENT | 6805.3 | 6800 |
| TVSMOTOR | 2493.4 | 2450 |
| UBL | 1960.65 | 1940 |
| ULTRACEMCO | 11648.55 | 11400 |
| UNIONBANK | 119.73 | 120 |
| UNITDSPR | 1532.2 | 1500 |
| UPL | 555.05 | 550 |
| VBL | 632.25 | 640 |
| VEDL | 460.55 | 460 |
| VOLTAS | 1721.1 | 1700 |
| WIPRO | 584.55 | 580 |
| YESBANK | 20.09 | 20 |
| ZOMATO | 282.5 | 270 |
| ZYDUSLIFE | 974.55 | 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.
