ITC
Itc Ltd
Max pain for ITC
21 Nov 2024 02:33 PM IST
Max Pain for ITC is 475
Strike 400 has a total call value of 0 versus a total put value of 138,424,000,000 Combined total value = 138,424,000,000
Strike 405 has a total call value of 0 versus a total put value of 128,641,600,000 Combined total value = 128,641,600,000
Strike 410 has a total call value of 0 versus a total put value of 118,859,200,000 Combined total value = 118,859,200,000
Strike 415 has a total call value of 0 versus a total put value of 109,088,800,000 Combined total value = 109,088,800,000
Strike 420 has a total call value of 0 versus a total put value of 99,318,400,000 Combined total value = 99,318,400,000
Strike 425 has a total call value of 0 versus a total put value of 89,832,000,000 Combined total value = 89,832,000,000
Strike 430 has a total call value of 0 versus a total put value of 80,345,600,000 Combined total value = 80,345,600,000
Strike 435 has a total call value of 0 versus a total put value of 71,187,200,000 Combined total value = 71,187,200,000
Strike 440 has a total call value of 3,200,000 versus a total put value of 62,158,400,000 Combined total value = 62,161,600,000
Strike 445 has a total call value of 28,000,000 versus a total put value of 53,665,600,000 Combined total value = 53,693,600,000
Strike 450 has a total call value of 67,200,000 versus a total put value of 45,456,800,000 Combined total value = 45,524,000,000
Strike 455 has a total call value of 343,200,000 versus a total put value of 38,184,000,000 Combined total value = 38,527,200,000
Strike 460 has a total call value of 894,400,000 versus a total put value of 31,322,400,000 Combined total value = 32,216,800,000
Strike 465 has a total call value of 2,349,600,000 versus a total put value of 25,620,000,000 Combined total value = 27,969,600,000
Strike 470 has a total call value of 4,673,600,000 versus a total put value of 20,301,600,000 Combined total value = 24,975,200,000
Strike 475 has a total call value of 8,377,600,000 versus a total put value of 16,147,200,000 Combined total value = 24,524,800,000
Strike 480 has a total call value of 13,331,200,000 versus a total put value of 12,407,200,000 Combined total value = 25,738,400,000
Strike 485 has a total call value of 21,108,800,000 versus a total put value of 9,346,400,000 Combined total value = 30,455,200,000
Strike 490 has a total call value of 29,968,000,000 versus a total put value of 6,668,000,000 Combined total value = 36,636,000,000
Strike 495 has a total call value of 42,020,000,000 versus a total put value of 4,732,000,000 Combined total value = 46,752,000,000
Strike 500 has a total call value of 54,812,000,000 versus a total put value of 2,976,000,000 Combined total value = 57,788,000,000
Strike 505 has a total call value of 70,884,800,000 versus a total put value of 2,212,800,000 Combined total value = 73,097,600,000
Strike 510 has a total call value of 87,508,000,000 versus a total put value of 1,449,600,000 Combined total value = 88,957,600,000
Strike 515 has a total call value of 105,180,000,000 versus a total put value of 1,043,200,000 Combined total value = 106,223,200,000
Strike 520 has a total call value of 123,140,000,000 versus a total put value of 636,800,000 Combined total value = 123,776,800,000
Strike 525 has a total call value of 142,252,800,000 versus a total put value of 480,000,000 Combined total value = 142,732,800,000
Strike 530 has a total call value of 161,635,200,000 versus a total put value of 323,200,000 Combined total value = 161,958,400,000
Strike 535 has a total call value of 181,651,200,000 versus a total put value of 205,600,000 Combined total value = 181,856,800,000
Strike 540 has a total call value of 201,667,200,000 versus a total put value of 88,000,000 Combined total value = 201,755,200,000
Strike 545 has a total call value of 221,991,200,000 versus a total put value of 44,000,000 Combined total value = 222,035,200,000
Strike 550 has a total call value of 242,315,200,000 versus a total put value of 0 Combined total value = 242,315,200,000
Strike 555 has a total call value of 263,222,400,000 versus a total put value of 0 Combined total value = 263,222,400,000
Strike 560 has a total call value of 284,129,600,000 versus a total put value of 0 Combined total value = 284,129,600,000
Strike 565 has a total call value of 305,163,200,000 versus a total put value of 0 Combined total value = 305,163,200,000
Strike 570 has a total call value of 326,196,800,000 versus a total put value of 0 Combined total value = 326,196,800,000
Strike 575 has a total call value of 347,230,400,000 versus a total put value of 0 Combined total value = 347,230,400,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.65 | 470 |
| ABB | 6753.45 | 7000 |
| ABBOTINDIA | 27030.95 | 28000 |
| ABCAPITAL | 183.42 | 200 |
| ABFRL | 284.4 | 300 |
| ACC | 2027 | 2220 |
| ADANIENT | 2246.1 | 2600 |
| ADANIPORTS | 1121.05 | 1200 |
| ALKEM | 5588.45 | 5500 |
| AMBUJACEM | 490.3 | 540 |
| APOLLOHOSP | 6728.4 | 6900 |
| APOLLOTYRE | 480.7 | 480 |
| ASHOKLEY | 217.73 | 220 |
| ASIANPAINT | 2430.75 | 2540 |
| ASTRAL | 1713 | 1780 |
| ATUL | 7232.5 | 7500 |
| AUBANK | 591.75 | 590 |
| AUROPHARMA | 1219 | 1300 |
| AXISBANK | 1137.75 | 1150 |
| BAJAJ-AUTO | 9482.5 | 9700 |
| BAJAJFINSV | 1568.25 | 1620 |
| BAJFINANCE | 6471.9 | 6700 |
| BALKRISIND | 2736.4 | 2800 |
| BANDHANBNK | 166 | 180 |
| BANKBARODA | 228.2 | 240 |
| BATAINDIA | 1280.15 | 1310 |
| BEL | 273.95 | 285 |
| BERGEPAINT | 463.8 | 495 |
| BHARATFORG | 1294.2 | 1340 |
| BHARTIARTL | 1519.5 | 1540 |
| BHEL | 227.75 | 235 |
| BIOCON | 323.7 | 330 |
| BOSCHLTD | 34074.35 | 34000 |
| BPCL | 281.5 | 300 |
| BRITANNIA | 4785.5 | 5000 |
| BSOFT | 546.45 | 560 |
| CANBK | 94.49 | 100 |
| CANFINHOME | 820.7 | 830 |
| CHAMBLFERT | 454.85 | 480 |
| CHOLAFIN | 1204.3 | 1260 |
| CIPLA | 1461.95 | 1520 |
| COALINDIA | 404.95 | 425 |
| COFORGE | 8205.1 | 8000 |
| COLPAL | 2689 | 2850 |
| CONCOR | 767.25 | 810 |
| COROMANDEL | 1770.6 | 1720 |
| CROMPTON | 380.95 | 390 |
| CUB | 170.24 | 175 |
| CUMMINSIND | 3289.1 | 3400 |
| DABUR | 504.9 | 525 |
| DALBHARAT | 1773.95 | 1760 |
| DEEPAKNTR | 2613.35 | 2650 |
| DIVISLAB | 5951 | 5900 |
| DIXON | 14955.15 | 14750 |
| DLF | 774.6 | 780 |
| DRREDDY | 1193.65 | 1220 |
| EICHERMOT | 4880 | 4900 |
| ESCORTS | 3452 | 3600 |
| EXIDEIND | 414.55 | 440 |
| FEDERALBNK | 210 | 205 |
| GAIL | 187.38 | 195 |
| GLENMARK | 1462.45 | 1520 |
| GMRINFRA | 76.61 | 82 |
| GNFC | 555.45 | 570 |
| GODREJCP | 1180.7 | 1200 |
| GODREJPROP | 2697 | 2750 |
| GRANULES | 544.05 | 570 |
| GRASIM | 2545 | 2540 |
| GUJGASLTD | 452.7 | 470 |
| HAL | 3978.95 | 4200 |
| HAVELLS | 1632.3 | 1640 |
| HCLTECH | 1833 | 1820 |
| HDFCAMC | 4220.6 | 4300 |
| HDFCBANK | 1741.05 | 1740 |
| HDFCLIFE | 674 | 680 |
| HEROMOTOCO | 4757.25 | 4800 |
| HINDALCO | 645.2 | 650 |
| HINDCOPPER | 261.85 | 290 |
| HINDPETRO | 358.3 | 375 |
| HINDUNILVR | 2384.95 | 2480 |
| ICICIBANK | 1249.85 | 1260 |
| ICICIGI | 1812.6 | 1880 |
| ICICIPRULI | 678.2 | 690 |
| IDEA | 6.92 | 8 |
| IDFCFIRSTB | 62.95 | 66 |
| IEX | 161.11 | 170 |
| IGL | 311.75 | 330 |
| INDHOTEL | 785.9 | 760 |
| INDIAMART | 2248.05 | 2400 |
| INDIGO | 4054.05 | 4000 |
| INDUSINDBK | 973.35 | 1040 |
| INDUSTOWER | 328.3 | 340 |
| INFY | 1838.8 | 1800 |
| IOC | 130.57 | 140 |
| IPCALAB | 1569.95 | 1560 |
| IRCTC | 792.95 | 820 |
| ITC | 456.35 | 475 |
| JINDALSTEL | 869.75 | 900 |
| JKCEMENT | 4005.2 | 4000 |
| JSWSTEEL | 941.6 | 960 |
| JUBLFOOD | 610.6 | 620 |
| KOTAKBANK | 1734.3 | 1760 |
| LALPATHLAB | 3029.45 | 3100 |
| LAURUSLABS | 488.1 | 490 |
| LICHSGFIN | 609.75 | 630 |
| LT | 3488.75 | 3600 |
| LTF | 137.5 | 140 |
| LTIM | 5925.1 | 5900 |
| LTTS | 5174.8 | 5150 |
| LUPIN | 2037.7 | 2100 |
| M&M | 2937 | 2900 |
| M&MFIN | 256.7 | 265 |
| MANAPPURAM | 150.38 | 155 |
| MARICO | 590.85 | 600 |
| MARUTI | 10872.4 | 11000 |
| MCX | 6153.4 | 6200 |
| METROPOLIS | 2011 | 2060 |
| MFSL | 1173.3 | 1200 |
| MGL | 1115.45 | 1160 |
| MOTHERSON | 161.42 | 175 |
| MPHASIS | 2786 | 2850 |
| MRF | 123100 | 122500 |
| MUTHOOTFIN | 1901.25 | 1880 |
| NATIONALUM | 246.72 | 240 |
| NAUKRI | 7539.05 | 7700 |
| NAVINFLUOR | 3261.6 | 3400 |
| NESTLEIND | 2205.85 | 2280 |
| NMDC | 217.58 | 225 |
| NTPC | 355.05 | 370 |
| OBEROIRLTY | 1924.1 | 1960 |
| OFSS | 11139.95 | 11500 |
| ONGC | 241.4 | 250 |
| PAGEIND | 44462.2 | 45500 |
| PEL | 1054.5 | 1060 |
| PERSISTENT | 5732.05 | 5600 |
| PETRONET | 320.2 | 328 |
| PFC | 452.45 | 460 |
| PIDILITIND | 2934.55 | 3060 |
| PIIND | 4120.65 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6404.65 | 6500 |
| POWERGRID | 324.7 | 320 |
| PVRINOX | 1445.9 | 1500 |
| RAMCOCEM | 914 | 900 |
| RBLBANK | 156.92 | 160 |
| RECLTD | 490.45 | 510 |
| RELIANCE | 1220.7 | 1290 |
| SAIL | 110.5 | 117.5 |
| SBICARD | 675.2 | 690 |
| SBILIFE | 1480 | 1520 |
| SBIN | 779.2 | 800 |
| SHREECEM | 24105 | 24500 |
| SHRIRAMFIN | 2810.4 | 2900 |
| SIEMENS | 6643.05 | 6800 |
| SRF | 2151.6 | 2260 |
| SUNPHARMA | 1769.95 | 1800 |
| SUNTV | 726.8 | 730 |
| SYNGENE | 844.5 | 870 |
| TATACHEM | 1050.15 | 1100 |
| TATACOMM | 1706.5 | 1780 |
| TATACONSUM | 911.1 | 950 |
| TATAMOTORS | 773.8 | 800 |
| TATAPOWER | 409 | 420 |
| TATASTEEL | 140.05 | 145 |
| TCS | 4076.9 | 4100 |
| TECHM | 1699.55 | 1680 |
| TITAN | 3181.9 | 3200 |
| TORNTPHARM | 3097.3 | 3150 |
| TRENT | 6434.65 | 6600 |
| TVSMOTOR | 2392.2 | 2450 |
| UBL | 1818.35 | 1880 |
| ULTRACEMCO | 10944.4 | 11000 |
| UNITDSPR | 1489.05 | 1480 |
| UPL | 558.85 | 540 |
| VEDL | 440.9 | 460 |
| VOLTAS | 1667.3 | 1700 |
| WIPRO | 557.6 | 560 |
| ZYDUSLIFE | 943.45 | 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.
