ITC
Itc Ltd
Max pain for ITC
12 Nov 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 142,446,400,000 Combined total value = 142,446,400,000
Strike 405 has a total call value of 0 versus a total put value of 132,610,400,000 Combined total value = 132,610,400,000
Strike 410 has a total call value of 0 versus a total put value of 122,774,400,000 Combined total value = 122,774,400,000
Strike 415 has a total call value of 0 versus a total put value of 112,945,600,000 Combined total value = 112,945,600,000
Strike 420 has a total call value of 0 versus a total put value of 103,116,800,000 Combined total value = 103,116,800,000
Strike 425 has a total call value of 0 versus a total put value of 93,573,600,000 Combined total value = 93,573,600,000
Strike 430 has a total call value of 0 versus a total put value of 84,030,400,000 Combined total value = 84,030,400,000
Strike 435 has a total call value of 0 versus a total put value of 74,806,400,000 Combined total value = 74,806,400,000
Strike 440 has a total call value of 0 versus a total put value of 65,652,000,000 Combined total value = 65,652,000,000
Strike 445 has a total call value of 11,200,000 versus a total put value of 56,827,200,000 Combined total value = 56,838,400,000
Strike 450 has a total call value of 24,000,000 versus a total put value of 48,214,400,000 Combined total value = 48,238,400,000
Strike 455 has a total call value of 153,600,000 versus a total put value of 40,512,800,000 Combined total value = 40,666,400,000
Strike 460 has a total call value of 306,400,000 versus a total put value of 33,032,800,000 Combined total value = 33,339,200,000
Strike 465 has a total call value of 553,600,000 versus a total put value of 26,616,000,000 Combined total value = 27,169,600,000
Strike 470 has a total call value of 894,400,000 versus a total put value of 20,517,600,000 Combined total value = 21,412,000,000
Strike 475 has a total call value of 1,713,600,000 versus a total put value of 15,275,200,000 Combined total value = 16,988,800,000
Strike 480 has a total call value of 3,134,400,000 versus a total put value of 10,608,800,000 Combined total value = 13,743,200,000
Strike 485 has a total call value of 6,796,800,000 versus a total put value of 7,292,800,000 Combined total value = 14,089,600,000
Strike 490 has a total call value of 11,749,600,000 versus a total put value of 4,545,600,000 Combined total value = 16,295,200,000
Strike 495 has a total call value of 20,640,800,000 versus a total put value of 2,715,200,000 Combined total value = 23,356,000,000
Strike 500 has a total call value of 30,541,600,000 versus a total put value of 1,085,600,000 Combined total value = 31,627,200,000
Strike 505 has a total call value of 44,878,400,000 versus a total put value of 558,400,000 Combined total value = 45,436,800,000
Strike 510 has a total call value of 59,932,800,000 versus a total put value of 122,400,000 Combined total value = 60,055,200,000
Strike 515 has a total call value of 76,224,800,000 versus a total put value of 55,200,000 Combined total value = 76,280,000,000
Strike 520 has a total call value of 92,890,400,000 versus a total put value of 49,600,000 Combined total value = 92,940,000,000
Strike 525 has a total call value of 111,011,200,000 versus a total put value of 44,000,000 Combined total value = 111,055,200,000
Strike 530 has a total call value of 129,505,600,000 versus a total put value of 38,400,000 Combined total value = 129,544,000,000
Strike 535 has a total call value of 148,822,400,000 versus a total put value of 32,800,000 Combined total value = 148,855,200,000
Strike 540 has a total call value of 168,227,200,000 versus a total put value of 27,200,000 Combined total value = 168,254,400,000
Strike 545 has a total call value of 187,993,600,000 versus a total put value of 21,600,000 Combined total value = 188,015,200,000
Strike 550 has a total call value of 207,760,000,000 versus a total put value of 16,000,000 Combined total value = 207,776,000,000
Strike 555 has a total call value of 228,112,000,000 versus a total put value of 10,400,000 Combined total value = 228,122,400,000
Strike 560 has a total call value of 248,464,000,000 versus a total put value of 4,800,000 Combined total value = 248,468,800,000
Strike 565 has a total call value of 268,916,000,000 versus a total put value of 2,400,000 Combined total value = 268,918,400,000
Strike 570 has a total call value of 289,368,000,000 versus a total put value of 0 Combined total value = 289,368,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 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.
