KOTAKBANK
Kotak Mahindra Bank Ltd
Max pain for KOTAKBANK
14 Jan 2025 01:51 PM IST
Max Pain for KOTAKBANK is 1800
Strike 1480 has a total call value of 0 versus a total put value of 202,100,000,000 Combined total value = 202,100,000,000
Strike 1500 has a total call value of 0 versus a total put value of 185,310,400,000 Combined total value = 185,310,400,000
Strike 1520 has a total call value of 0 versus a total put value of 168,520,800,000 Combined total value = 168,520,800,000
Strike 1540 has a total call value of 0 versus a total put value of 151,915,200,000 Combined total value = 151,915,200,000
Strike 1560 has a total call value of 0 versus a total put value of 135,309,600,000 Combined total value = 135,309,600,000
Strike 1580 has a total call value of 0 versus a total put value of 119,369,600,000 Combined total value = 119,369,600,000
Strike 1600 has a total call value of 0 versus a total put value of 104,560,000,000 Combined total value = 104,560,000,000
Strike 1620 has a total call value of 20,800,000 versus a total put value of 91,225,600,000 Combined total value = 91,246,400,000
Strike 1640 has a total call value of 44,800,000 versus a total put value of 78,469,600,000 Combined total value = 78,514,400,000
Strike 1660 has a total call value of 87,200,000 versus a total put value of 66,290,400,000 Combined total value = 66,377,600,000
Strike 1680 has a total call value of 139,200,000 versus a total put value of 54,712,000,000 Combined total value = 54,851,200,000
Strike 1700 has a total call value of 191,200,000 versus a total put value of 43,635,200,000 Combined total value = 43,826,400,000
Strike 1720 has a total call value of 498,400,000 versus a total put value of 33,911,200,000 Combined total value = 34,409,600,000
Strike 1740 has a total call value of 1,065,600,000 versus a total put value of 25,072,000,000 Combined total value = 26,137,600,000
Strike 1760 has a total call value of 2,276,800,000 versus a total put value of 17,688,000,000 Combined total value = 19,964,800,000
Strike 1780 has a total call value of 4,396,800,000 versus a total put value of 12,176,000,000 Combined total value = 16,572,800,000
Strike 1800 has a total call value of 7,751,200,000 versus a total put value of 7,890,400,000 Combined total value = 15,641,600,000
Strike 1820 has a total call value of 14,590,400,000 versus a total put value of 5,423,200,000 Combined total value = 20,013,600,000
Strike 1840 has a total call value of 23,720,000,000 versus a total put value of 3,626,400,000 Combined total value = 27,346,400,000
Strike 1860 has a total call value of 34,777,600,000 versus a total put value of 2,509,600,000 Combined total value = 37,287,200,000
Strike 1880 has a total call value of 49,026,400,000 versus a total put value of 1,392,800,000 Combined total value = 50,419,200,000
Strike 1900 has a total call value of 64,127,200,000 versus a total put value of 424,000,000 Combined total value = 64,551,200,000
Strike 1920 has a total call value of 82,119,200,000 versus a total put value of 344,000,000 Combined total value = 82,463,200,000
Strike 1940 has a total call value of 101,031,200,000 versus a total put value of 264,000,000 Combined total value = 101,295,200,000
Strike 1960 has a total call value of 120,664,800,000 versus a total put value of 184,000,000 Combined total value = 120,848,800,000
Strike 1980 has a total call value of 141,373,600,000 versus a total put value of 104,000,000 Combined total value = 141,477,600,000
Strike 2000 has a total call value of 162,646,400,000 versus a total put value of 24,000,000 Combined total value = 162,670,400,000
Strike 2020 has a total call value of 185,872,800,000 versus a total put value of 20,000,000 Combined total value = 185,892,800,000
Strike 2040 has a total call value of 209,323,200,000 versus a total put value of 16,000,000 Combined total value = 209,339,200,000
Strike 2060 has a total call value of 233,088,800,000 versus a total put value of 12,000,000 Combined total value = 233,100,800,000
Strike 2080 has a total call value of 256,854,400,000 versus a total put value of 8,000,000 Combined total value = 256,862,400,000
Strike 2100 has a total call value of 281,130,400,000 versus a total put value of 4,000,000 Combined total value = 281,134,400,000
Strike 2120 has a total call value of 305,406,400,000 versus a total put value of 0 Combined total value = 305,406,400,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 408.85 | 420 |
| ABB | 6113.25 | 6600 |
| ABBOTINDIA | 28270 | 29000 |
| ABCAPITAL | 173.2 | 182.5 |
| ABFRL | 269.9 | 280 |
| ACC | 1934.3 | 2060 |
| ADANIENSOL | 774.3 | 780 |
| ADANIENT | 2368.9 | 2500 |
| ADANIGREEN | 1002.45 | 1000 |
| ADANIPORTS | 1123.25 | 1180 |
| ALKEM | 5267.55 | 5450 |
| AMBUJACEM | 512.1 | 550 |
| ANGELONE | 2365.4 | 2500 |
| APLAPOLLO | 1468.4 | 1500 |
| APOLLOHOSP | 6692.45 | 7100 |
| APOLLOTYRE | 451.05 | 470 |
| ASHOKLEY | 209.55 | 220 |
| ASIANPAINT | 2247.75 | 2300 |
| ASTRAL | 1490 | 1600 |
| ATGL | 668.9 | 680 |
| ATUL | 6718.95 | 6700 |
| AUBANK | 574.25 | 565 |
| AUROPHARMA | 1171.7 | 1220 |
| AXISBANK | 1051.3 | 1080 |
| BAJAJ-AUTO | 8577.25 | 8900 |
| BAJAJFINSV | 1708.1 | 1640 |
| BAJFINANCE | 7370.3 | 7200 |
| BALKRISIND | 2698.05 | 2800 |
| BANDHANBNK | 144.69 | 160 |
| BANKBARODA | 221.83 | 240 |
| BANKINDIA | 92.84 | 98 |
| BATAINDIA | 1335 | 1380 |
| BEL | 267.4 | 280 |
| BERGEPAINT | 464.3 | 460 |
| BHARATFORG | 1192.85 | 1260 |
| BHARTIARTL | 1588.3 | 1600 |
| BHEL | 195.41 | 220 |
| BIOCON | 389.45 | 375 |
| BOSCHLTD | 31494.1 | 33000 |
| BPCL | 269 | 280 |
| BRITANNIA | 4873 | 4850 |
| BSE | 5448 | 5300 |
| BSOFT | 531.5 | 560 |
| CAMS | 4251.6 | 4700 |
| CANBK | 92.18 | 98 |
| CANFINHOME | 665.75 | 700 |
| CDSL | 1561.3 | 1700 |
| CESC | 152.53 | 160 |
| CGPOWER | 622.95 | 660 |
| CHAMBLFERT | 470.55 | 490 |
| CHOLAFIN | 1266.95 | 1260 |
| CIPLA | 1444.45 | 1500 |
| COALINDIA | 367.5 | 385 |
| COFORGE | 8566 | 9100 |
| COLPAL | 2703.5 | 2800 |
| CONCOR | 756.7 | 780 |
| COROMANDEL | 1817.2 | 1880 |
| CROMPTON | 358.45 | 370 |
| CUB | 166 | 170 |
| CUMMINSIND | 2916.85 | 3150 |
| CYIENT | 1682.85 | 1720 |
| DABUR | 512 | 515 |
| DALBHARAT | 1724.35 | 1740 |
| DEEPAKNTR | 2329.85 | 2500 |
| DELHIVERY | 324.55 | 335 |
| DIVISLAB | 5960.05 | 5900 |
| DIXON | 16099.85 | 17000 |
| DLF | 720.4 | 770 |
| DMART | 3457.35 | 3700 |
| DRREDDY | 1332.85 | 1350 |
| EICHERMOT | 5020 | 5000 |
| ESCORTS | 3433.6 | 3300 |
| EXIDEIND | 379.95 | 410 |
| FEDERALBNK | 191.88 | 197.5 |
| GAIL | 175.03 | 190 |
| GLENMARK | 1513.25 | 1560 |
| GMRAIRPORT | 71.2 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 532.55 | 550 |
| GODREJCP | 1138.1 | 1140 |
| GODREJPROP | 2273.4 | 2500 |
| GRANULES | 585.5 | 590 |
| GRASIM | 2298.6 | 2480 |
| GUJGASLTD | 485.5 | 490 |
| HAL | 3820.25 | 4150 |
| HAVELLS | 1544.05 | 1600 |
| HCLTECH | 1821.95 | 1840 |
| HDFCAMC | 3918.9 | 3950 |
| HDFCBANK | 1645.1 | 1700 |
| HDFCLIFE | 596.25 | 620 |
| HEROMOTOCO | 4100.3 | 4200 |
| HFCL | 96.78 | 105 |
| HINDALCO | 586.5 | 600 |
| HINDCOPPER | 222.4 | 250 |
| HINDPETRO | 369.35 | 390 |
| HINDUNILVR | 2381.7 | 2400 |
| HUDCO | 210.8 | 220 |
| ICICIBANK | 1235.4 | 1270 |
| ICICIGI | 1825.85 | 1860 |
| ICICIPRULI | 636.4 | 650 |
| IDEA | 8.09 | 8 |
| IDFCFIRSTB | 61.64 | 63 |
| IEX | 165.92 | 177.5 |
| IGL | 408.55 | 410 |
| INDHOTEL | 769.45 | 800 |
| INDIAMART | 2243.3 | 2300 |
| INDIANB | 498.7 | 520 |
| INDIGO | 3985.5 | 4300 |
| INDUSINDBK | 961.05 | 980 |
| INDUSTOWER | 337.3 | 340 |
| INFY | 1936.95 | 1940 |
| IOC | 125.52 | 135 |
| IPCALAB | 1586.05 | 1640 |
| IRB | 50.8 | 55 |
| IRCTC | 755.7 | 790 |
| IRFC | 133.9 | 137.5 |
| ITC | 437 | 445 |
| JINDALSTEL | 913.65 | 940 |
| JIOFIN | 270.9 | 285 |
| JKCEMENT | 4351.55 | 4500 |
| JSL | 627.15 | 630 |
| JSWENERGY | 546.8 | 570 |
| JSWSTEEL | 905.65 | 920 |
| JUBLFOOD | 705.9 | 730 |
| KALYANKJIL | 587.35 | 640 |
| KEI | 4004.75 | 4200 |
| KOTAKBANK | 1740.6 | 1800 |
| KPITTECH | 1318.7 | 1400 |
| LALPATHLAB | 2814.95 | 2950 |
| LAURUSLABS | 565.3 | 590 |
| LICHSGFIN | 549.55 | 580 |
| LICI | 815 | 860 |
| LODHA | 1141 | 1240 |
| LT | 3463.5 | 3600 |
| LTF | 133.08 | 140 |
| LTIM | 5749 | 5850 |
| LTTS | 4724.55 | 4800 |
| LUPIN | 2156.6 | 2240 |
| M&M | 3062.55 | 3100 |
| M&MFIN | 264.7 | 270 |
| MANAPPURAM | 176.9 | 190 |
| MARICO | 659.5 | 660 |
| MARUTI | 11757.5 | 11600 |
| MAXHEALTH | 1070 | 1140 |
| MCX | 5670.65 | 6000 |
| METROPOLIS | 1865.05 | 2000 |
| MFSL | 1043.9 | 1100 |
| MGL | 1269 | 1280 |
| MOTHERSON | 145.11 | 155 |
| MPHASIS | 2772.5 | 2900 |
| MRF | 113947.15 | 119000 |
| MUTHOOTFIN | 2128.3 | 2140 |
| NATIONALUM | 197.38 | 210 |
| NAUKRI | 7413.7 | 8000 |
| NAVINFLUOR | 3589 | 3650 |
| NCC | 244.55 | 260 |
| NESTLEIND | 2217.35 | 2200 |
| NHPC | 75.82 | 78 |
| NMDC | 62.92 | 67 |
| NTPC | 309.1 | 320 |
| NYKAA | 164 | 167.5 |
| OBEROIRLTY | 1975.1 | 2140 |
| OFSS | 10699 | 11500 |
| OIL | 466.1 | 460 |
| ONGC | 259.28 | 257.5 |
| PAGEIND | 46318.7 | 47000 |
| PAYTM | 818.05 | 880 |
| PEL | 1019.9 | 1060 |
| PERSISTENT | 5863.95 | 6200 |
| PETRONET | 323 | 335 |
| PFC | 414.15 | 440 |
| PIDILITIND | 2813.4 | 2900 |
| PIIND | 3468.35 | 3600 |
| PNB | 97.34 | 101 |
| POLICYBZR | 1741.6 | 1900 |
| POLYCAB | 6400 | 6700 |
| POONAWALLA | 308.7 | 315 |
| POWERGRID | 291.35 | 305 |
| PRESTIGE | 1422 | 1550 |
| PVRINOX | 1080.55 | 1180 |
| RAMCOCEM | 885.5 | 930 |
| RBLBANK | 152.25 | 160 |
| RECLTD | 475 | 500 |
| RELIANCE | 1232.55 | 1250 |
| SAIL | 105.45 | 110 |
| SBICARD | 730.55 | 730 |
| SBILIFE | 1495.7 | 1440 |
| SBIN | 752.45 | 780 |
| SHREECEM | 25038.65 | 25750 |
| SHRIRAMFIN | 538.5 | 570 |
| SIEMENS | 5804.3 | 6300 |
| SJVN | 93.02 | 100 |
| SONACOMS | 564.2 | 580 |
| SRF | 2501.25 | 2560 |
| SUNPHARMA | 1771.05 | 1820 |
| SUNTV | 654.65 | 670 |
| SUPREMEIND | 4354.05 | 4500 |
| SYNGENE | 826.85 | 850 |
| TATACHEM | 966.3 | 1020 |
| TATACOMM | 1670 | 1740 |
| TATACONSUM | 963.45 | 950 |
| TATAELXSI | 6048 | 6200 |
| TATAMOTORS | 774.7 | 780 |
| TATAPOWER | 353.7 | 380 |
| TATASTEEL | 127.32 | 135 |
| TCS | 4239.1 | 4200 |
| TECHM | 1661.5 | 1680 |
| TIINDIA | 3289.8 | 3550 |
| TITAN | 3328.85 | 3400 |
| TORNTPHARM | 3250.55 | 3350 |
| TRENT | 6145.65 | 6700 |
| TVSMOTOR | 2227 | 2300 |
| UBL | 1962.15 | 2000 |
| ULTRACEMCO | 10542.6 | 11100 |
| UNIONBANK | 102.5 | 110 |
| UNITDSPR | 1413.4 | 1500 |
| UPL | 540.6 | 530 |
| VBL | 565 | 600 |
| VEDL | 430.7 | 450 |
| VOLTAS | 1634.25 | 1720 |
| WIPRO | 293.3 | 295 |
| YESBANK | 17.73 | 19 |
| ZOMATO | 235.3 | 250 |
| ZYDUSLIFE | 993.25 | 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.
