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LAURUSLABS

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Max Pain - LAURUSLABS
11 Dec 2025 03:13 PM IST
Live


Strike  800  has a total call value of 0  versus a total put value of  74,345,250,000 Combined total value = 74,345,250,000

Strike  810  has a total call value of 0  versus a total put value of  70,051,050,000 Combined total value = 70,051,050,000

Strike  820  has a total call value of 0  versus a total put value of  65,756,850,000 Combined total value = 65,756,850,000

Strike  830  has a total call value of 23,800,000  versus a total put value of  61,483,900,000 Combined total value = 61,507,700,000

Strike  840  has a total call value of 47,600,000  versus a total put value of  57,210,950,000 Combined total value = 57,258,550,000

Strike  850  has a total call value of 84,150,000  versus a total put value of  53,074,850,000 Combined total value = 53,159,000,000

Strike  860  has a total call value of 120,700,000  versus a total put value of  48,938,750,000 Combined total value = 49,059,450,000

Strike  870  has a total call value of 224,400,000  versus a total put value of  44,861,300,000 Combined total value = 45,085,700,000

Strike  880  has a total call value of 338,300,000  versus a total put value of  40,812,750,000 Combined total value = 41,151,050,000

Strike  890  has a total call value of 463,250,000  versus a total put value of  36,846,650,000 Combined total value = 37,309,900,000

Strike  900  has a total call value of 590,750,000  versus a total put value of  32,910,300,000 Combined total value = 33,501,050,000

Strike  910  has a total call value of 804,100,000  versus a total put value of  29,215,350,000 Combined total value = 30,019,450,000

Strike  920  has a total call value of 1,017,450,000  versus a total put value of  25,545,900,000 Combined total value = 26,563,350,000

Strike  930  has a total call value of 1,240,150,000  versus a total put value of  22,033,700,000 Combined total value = 23,273,850,000

Strike  940  has a total call value of 1,587,800,000  versus a total put value of  18,759,500,000 Combined total value = 20,347,300,000

Strike  950  has a total call value of 1,983,050,000  versus a total put value of  15,600,050,000 Combined total value = 17,583,100,000

Strike  960  has a total call value of 2,555,950,000  versus a total put value of  12,628,450,000 Combined total value = 15,184,400,000

Strike  970  has a total call value of 3,184,950,000  versus a total put value of  9,862,550,000 Combined total value = 13,047,500,000

Strike  980  has a total call value of 3,878,550,000  versus a total put value of  7,285,350,000 Combined total value = 11,163,900,000

Strike  990  has a total call value of 4,798,250,000  versus a total put value of  5,077,900,000 Combined total value = 9,876,150,000

Strike  1000  has a total call value of 5,980,600,000  versus a total put value of  3,161,150,000 Combined total value = 9,141,750,000

Strike  1010  has a total call value of 7,910,100,000  versus a total put value of  2,119,050,000 Combined total value = 10,029,150,000

Strike  1020  has a total call value of 10,028,300,000  versus a total put value of  1,237,600,000 Combined total value = 11,265,900,000

Strike  1030  has a total call value of 12,741,500,000  versus a total put value of  609,450,000 Combined total value = 13,350,950,000

Strike  1040  has a total call value of 16,116,000,000  versus a total put value of  337,450,000 Combined total value = 16,453,450,000

Strike  1050  has a total call value of 20,161,150,000  versus a total put value of  188,700,000 Combined total value = 20,349,850,000

Strike  1060  has a total call value of 25,046,950,000  versus a total put value of  119,850,000 Combined total value = 25,166,800,000

Strike  1070  has a total call value of 30,237,050,000  versus a total put value of  90,100,000 Combined total value = 30,327,150,000

Strike  1080  has a total call value of 35,734,850,000  versus a total put value of  61,200,000 Combined total value = 35,796,050,000

Strike  1090  has a total call value of 41,588,800,000  versus a total put value of  34,000,000 Combined total value = 41,622,800,000

Strike  1100  has a total call value of 47,606,800,000  versus a total put value of  8,500,000 Combined total value = 47,615,300,000

Strike  1110  has a total call value of 54,496,050,000  versus a total put value of  5,100,000 Combined total value = 54,501,150,000

Strike  1120  has a total call value of 61,541,700,000  versus a total put value of  1,700,000 Combined total value = 61,543,400,000

Strike  1130  has a total call value of 68,823,650,000  versus a total put value of  850,000 Combined total value = 68,824,500,000

Strike  1140  has a total call value of 76,105,600,000  versus a total put value of  0 Combined total value = 76,105,600,000

Strike  1150  has a total call value of 83,603,450,000  versus a total put value of  0 Combined total value = 83,603,450,000

Strike  1160  has a total call value of 91,101,300,000  versus a total put value of  0 Combined total value = 91,101,300,000

Strike  1170  has a total call value of 98,719,850,000  versus a total put value of  0 Combined total value = 98,719,850,000

Strike  1180  has a total call value of 106,338,400,000  versus a total put value of  0 Combined total value = 106,338,400,000

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1138.7 1140
ABB 5239.5 5200
ABCAPITAL 354.7 350
ADANIENSOL 1000.5 980
ADANIENT 2282.5 2300
ADANIGREEN 1018.3 1020
ADANIPORTS 1501.4 1500
ALKEM 5629 5700
AMBER 6517.5 6700
AMBUJACEM 535.3 550
ANGELONE 2579 2600
APLAPOLLO 1719.9 1740
APOLLOHOSP 7008.5 7200
ASHOKLEY 160.42 157
ASIANPAINT 2778.7 2840
ASTRAL 1406.4 1440
AUBANK 972.9 950
AUROPHARMA 1172.9 1200
AXISBANK 1272.4 1280
BAJAJ-AUTO 9053 9100
BAJAJFINSV 2066.7 2080
BAJFINANCE 1005.2 1020
BANDHANBNK 145.35 150
BANKBARODA 285.2 290
BANKINDIA 140.9 144
BDL 1412.7 1460
BEL 387.2 400
BHARATFORG 1407 1400
BHARTIARTL 2054 2100
BHEL 276.5 280
BIOCON 381.45 390
BLUESTARCO 1746.7 1760
BOSCHLTD 36870 37000
BPCL 351.35 360
BRITANNIA 5846 5850
BSE 2703 2750
CAMS 756.4 780
CANBK 146.93 148
CDSL 1522.8 1580
CGPOWER 667 680
CHOLAFIN 1717.4 1700
CIPLA 1512.8 1520
COALINDIA 384.1 384.75
COFORGE 1839.8 1840
COLPAL 2152.9 2200
CONCOR 506.05 520
CROMPTON 251.45 265
CUMMINSIND 4530.1 4500
CYIENT 1155 1160
DABUR 501.05 510
DALBHARAT 1987.7 2000
DELHIVERY 410.4 420
DIVISLAB 6427 6400
DIXON 13006 13500
DLF 694.3 720
DMART 3832.6 3950
DRREDDY 1273.4 1270
EICHERMOT 7257 7200
ETERNAL 290.7 300
EXIDEIND 374.8 380
FEDERALBNK 260.95 257.5
FORTIS 854.15 900
GAIL 168.95 175
GLENMARK 1955.2 1940
GMRAIRPORT 98.21 101
GODREJCP 1146.3 1140
GODREJPROP 2033.7 2080
GRASIM 2799 2760
HAL 4320.5 4500
HAVELLS 1400.1 1440
HCLTECH 1672.2 1660
HDFCAMC 2666.9 2650
HDFCBANK 1000.1 1000
HDFCLIFE 776.5 770
HEROMOTOCO 5977 6100
HFCL 66.96 70
HINDALCO 824.55 810
HINDPETRO 447.95 455
HINDUNILVR 2305 2320
HINDZINC 522.55 505
HUDCO 212.36 225
ICICIBANK 1359.5 1380
ICICIGI 1939.2 1980
ICICIPRULI 636 630
IDEA 11.25 11
IDFCFIRSTB 80.59 80
IEX 142.42 145
IIFL 569.1 560
INDHOTEL 730.25 740
INDIANB 782.9 820
INDIGO 4822.5 5000
INDUSINDBK 836 850
INDUSTOWER 410.35 405
INFY 1598 1600
INOXWIND 121.57 130
IOC 161.68 164
IRCTC 669.8 690
IREDA 134.56 140
IRFC 113.31 117
ITC 403.05 405
JINDALSTEL 1013.5 1020
JIOFIN 298.35 305
JSWENERGY 457.75 480
JSWSTEEL 1106.3 1140
JUBLFOOD 598.25 600
KALYANKJIL 469.6 480
KAYNES 4042.5 4400
KEI 4057.6 4050
KFINTECH 1073.8 1080
KOTAKBANK 2182.2 2160
KPITTECH 1230.9 1220
LAURUSLABS 1020 1000
LICHSGFIN 532.6 550
LICI 859.3 890
LODHA 1080 1120
LT 4005.1 4000
LTF 301.85 302.5
LTIM 6291.5 6150
LUPIN 2080.7 2060
M&M 3664.5 3700
MANAPPURAM 283.3 280
MANKIND 2166.5 2200
MARICO 724.45 730
MARUTI 16257 16200
MAXHEALTH 1088.2 1120
MAZDOCK 2466 2600
MCX 9940 10000
MFSL 1704.5 1700
MOTHERSON 119.7 115
MPHASIS 2900.8 2900
MUTHOOTFIN 3731.3 3700
NATIONALUM 264.5 265
NAUKRI 1344.7 1360
NBCC 108.28 112
NCC 160.86 170
NESTLEIND 1214.8 1240
NHPC 76.76 78
NMDC 75.48 76
NTPC 322.65 325
NUVAMA 7235 7200
NYKAA 249.35 257.5
OBEROIRLTY 1635.4 1660
OFSS 8006.5 8100
OIL 405.4 415
ONGC 238.16 240
PAGEIND 37075 38000
PATANJALI 532 550
PAYTM 1281.2 1300
PERSISTENT 6197 6200
PETRONET 271.05 280
PFC 342.8 360
PGEL 547.75 560
PHOENIXLTD 1743.1 1740
PIDILITIND 1467.4 1480
PIIND 3373.2 3450
PNB 117.56 120
PNBHOUSING 899.15 900
POLICYBZR 1950 1900
POLYCAB 7215.5 7300
POWERGRID 264.85 275
POWERINDIA 19210 19500
PPLPHARMA 171.71 182.5
PRESTIGE 1650.3 1660
RBLBANK 311.4 310
RECLTD 344.05 360
RELIANCE 1544.3 1540
RVNL 312.05 315
SAIL 129.8 134
SAMMAANCAP 144.34 160
SBICARD 872.7 880
SBILIFE 2010 2020
SBIN 963.3 970
SHREECEM 26075 26500
SHRIRAMFIN 847.6 840
SIEMENS 3194.5 3250
SOLARINDS 12464 13000
SONACOMS 482.5 500
SRF 2942 2900
SUNPHARMA 1807.4 1800
SUPREMEIND 3240.8 3400
SUZLON 52.04 54
SYNGENE 641.9 640
TATACONSUM 1141.7 1170
TATAELXSI 5018.5 5100
TATAMOTORS 0 320
TATAPOWER 380 390
TATASTEEL 166.29 170
TATATECH 655.9 680
TCS 3190.8 3200
TECHM 1568.7 1540
TIINDIA 2650.1 2750
TITAGARH 770.6 800
TITAN 3845 3840
TMPV 346.4 360
TORNTPHARM 3800.2 3750
TORNTPOWER 1283.9 1300
TRENT 4046 4200
TVSMOTOR 3636.1 3600
ULTRACEMCO 11475 11600
UNIONBANK 150.65 152.5
UNITDSPR 1437 1440
UNOMINDA 1235.9 1280
UPL 746.4 750
VBL 478.35 470
VEDL 528.8 520
VOLTAS 1354.5 1360
WIPRO 259.3 255
YESBANK 21.95 23
ZYDUSLIFE 921.95 940

Note:
Stock LTP > Max Pain Bearish Trend
Stock LTP < Max Pain Bullish Trend
Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

  1. For each strike price: Calculate the difference between the current stock price and the strike price.
  2. Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
  3. Sum the values: Add together the dollar value for put options and call options at each strike price.
  4. Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
  5. Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

  • Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
  • Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
  • Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
  • Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
  • Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

  • Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
  • Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
  • Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
  • Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

  • Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
  • Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
  • Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
  • New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

  • Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
  • Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

  • Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
  • Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
  • Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
  • Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
  • Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

  • Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
  • Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
  • High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
  • Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
  • Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.