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LICHSGFIN

Lic Housing Finance Ltd
529.3 +1.20 (0.23%)
L: 528.3 H: 531.4
Max Pain - LICHSGFIN
19 Dec 2025 10:27 AM IST
Live


Strike  470  has a total call value of 0  versus a total put value of  60,315,500,000 Combined total value = 60,315,500,000

Strike  475  has a total call value of 0  versus a total put value of  56,505,000,000 Combined total value = 56,505,000,000

Strike  480  has a total call value of 0  versus a total put value of  52,716,500,000 Combined total value = 52,716,500,000

Strike  485  has a total call value of 0  versus a total put value of  48,957,500,000 Combined total value = 48,957,500,000

Strike  490  has a total call value of 0  versus a total put value of  45,200,000,000 Combined total value = 45,200,000,000

Strike  495  has a total call value of 0  versus a total put value of  41,495,500,000 Combined total value = 41,495,500,000

Strike  500  has a total call value of 0  versus a total put value of  37,825,500,000 Combined total value = 37,825,500,000

Strike  505  has a total call value of 46,500,000  versus a total put value of  34,348,500,000 Combined total value = 34,395,000,000

Strike  510  has a total call value of 93,000,000  versus a total put value of  30,897,000,000 Combined total value = 30,990,000,000

Strike  515  has a total call value of 149,500,000  versus a total put value of  27,606,500,000 Combined total value = 27,756,000,000

Strike  520  has a total call value of 208,500,000  versus a total put value of  24,360,500,000 Combined total value = 24,569,000,000

Strike  525  has a total call value of 349,500,000  versus a total put value of  21,346,000,000 Combined total value = 21,695,500,000

Strike  530  has a total call value of 620,000,000  versus a total put value of  18,433,500,000 Combined total value = 19,053,500,000

Strike  535  has a total call value of 1,146,500,000  versus a total put value of  15,797,000,000 Combined total value = 16,943,500,000

Strike  540  has a total call value of 1,839,500,000  versus a total put value of  13,289,000,000 Combined total value = 15,128,500,000

Strike  545  has a total call value of 2,941,000,000  versus a total put value of  11,332,500,000 Combined total value = 14,273,500,000

Strike  550  has a total call value of 4,186,000,000  versus a total put value of  9,480,000,000 Combined total value = 13,666,000,000

Strike  555  has a total call value of 6,298,000,000  versus a total put value of  8,183,500,000 Combined total value = 14,481,500,000

Strike  560  has a total call value of 8,702,000,000  versus a total put value of  6,992,000,000 Combined total value = 15,694,000,000

Strike  565  has a total call value of 11,590,500,000  versus a total put value of  6,120,000,000 Combined total value = 17,710,500,000

Strike  570  has a total call value of 14,588,000,000  versus a total put value of  5,297,500,000 Combined total value = 19,885,500,000

Strike  575  has a total call value of 18,032,000,000  versus a total put value of  4,643,000,000 Combined total value = 22,675,000,000

Strike  580  has a total call value of 21,546,500,000  versus a total put value of  3,993,000,000 Combined total value = 25,539,500,000

Strike  585  has a total call value of 25,306,500,000  versus a total put value of  3,445,000,000 Combined total value = 28,751,500,000

Strike  590  has a total call value of 29,140,000,000  versus a total put value of  2,899,000,000 Combined total value = 32,039,000,000

Strike  595  has a total call value of 33,105,500,000  versus a total put value of  2,438,500,000 Combined total value = 35,544,000,000

Strike  600  has a total call value of 37,088,500,000  versus a total put value of  1,978,000,000 Combined total value = 39,066,500,000

Strike  605  has a total call value of 41,506,000,000  versus a total put value of  1,769,500,000 Combined total value = 43,275,500,000

Strike  610  has a total call value of 45,959,500,000  versus a total put value of  1,561,000,000 Combined total value = 47,520,500,000

Strike  615  has a total call value of 50,447,000,000  versus a total put value of  1,369,500,000 Combined total value = 51,816,500,000

Strike  620  has a total call value of 54,934,500,000  versus a total put value of  1,178,000,000 Combined total value = 56,112,500,000

Strike  625  has a total call value of 59,450,000,000  versus a total put value of  1,007,500,000 Combined total value = 60,457,500,000

Strike  630  has a total call value of 63,966,500,000  versus a total put value of  837,000,000 Combined total value = 64,803,500,000

Strike  635  has a total call value of 68,506,500,000  versus a total put value of  672,000,000 Combined total value = 69,178,500,000

Strike  640  has a total call value of 73,046,500,000  versus a total put value of  507,000,000 Combined total value = 73,553,500,000

Strike  645  has a total call value of 77,589,000,000  versus a total put value of  374,000,000 Combined total value = 77,963,000,000

Strike  650  has a total call value of 82,131,500,000  versus a total put value of  241,000,000 Combined total value = 82,372,500,000

Strike  655  has a total call value of 86,719,000,000  versus a total put value of  181,500,000 Combined total value = 86,900,500,000

Strike  660  has a total call value of 91,306,500,000  versus a total put value of  122,000,000 Combined total value = 91,428,500,000

Strike  665  has a total call value of 95,913,000,000  versus a total put value of  65,000,000 Combined total value = 95,978,000,000

Strike  670  has a total call value of 100,519,500,000  versus a total put value of  8,000,000 Combined total value = 100,527,500,000

Strike  675  has a total call value of 105,171,500,000  versus a total put value of  4,000,000 Combined total value = 105,175,500,000

Strike  680  has a total call value of 109,823,500,000  versus a total put value of  0 Combined total value = 109,823,500,000

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1135.8 1140
ABB 5135 5200
ABCAPITAL 346.65 345
ADANIENSOL 976.95 980
ADANIENT 2230 2300
ADANIGREEN 1012.9 1020
ADANIPORTS 1499.5 1500
ALKEM 5548 5650
AMBER 6628 6800
AMBUJACEM 537.15 550
ANGELONE 2468 2550
APLAPOLLO 1807.9 1760
APOLLOHOSP 6963.5 7100
ASHOKLEY 174.39 163
ASIANPAINT 2784.3 2800
ASTRAL 1407.4 1440
AUBANK 981.45 960
AUROPHARMA 1227.9 1220
AXISBANK 1238.8 1240
BAJAJ-AUTO 8910 9000
BAJAJFINSV 2049.3 2060
BAJFINANCE 1009.3 1020
BANDHANBNK 149.41 152.5
BANKBARODA 289 290
BANKINDIA 142.3 143
BDL 1346.1 1400
BEL 390.45 400
BHARATFORG 1426.6 1400
BHARTIARTL 2088 2100
BHEL 274.95 280
BIOCON 400.2 395
BLUESTARCO 1828.5 1800
BOSCHLTD 35810 36000
BPCL 365.5 365
BRITANNIA 6063.5 6000
BSE 2709 2700
CAMS 753.7 770
CANBK 148.79 150
CDSL 1492.5 1540
CGPOWER 663.25 680
CHOLAFIN 1678.8 1700
CIPLA 1509.2 1520
COALINDIA 384.15 385
COFORGE 1855.9 1840
COLPAL 2084.2 2160
CONCOR 498.15 520
CROMPTON 252.25 265
CUMMINSIND 4397.1 4450
CYIENT 1145.3 1140
DABUR 493.6 500
DALBHARAT 2023.8 2040
DELHIVERY 403.4 410
DIVISLAB 6571 6500
DIXON 13290 13500
DLF 684.45 710
DMART 3769.3 3900
DRREDDY 1287.1 1270
EICHERMOT 7193 7100
ETERNAL 285.7 295
EXIDEIND 360.65 370
FEDERALBNK 267 260
FORTIS 885.15 890
GAIL 168.26 175
GLENMARK 1980.7 1940
GMRAIRPORT 101.43 102
GODREJCP 1186.4 1160
GODREJPROP 2012.3 2060
GRASIM 2818 2800
HAL 4277 4450
HAVELLS 1405.5 1440
HCLTECH 1651.2 1660
HDFCAMC 2669 2680
HDFCBANK 986.4 990
HDFCLIFE 756.8 770
HEROMOTOCO 5754 5900
HFCL 64.4 67
HINDALCO 859.3 820
HINDPETRO 466 460
HINDUNILVR 2273.1 2300
HINDZINC 588.25 560
HUDCO 207.9 217.5
ICICIBANK 1356.3 1370
ICICIGI 1932.2 1960
ICICIPRULI 649.45 630
IDEA 11.62 11
IDFCFIRSTB 83.8 82
IEX 139.8 145
IIFL 563.4 560
INDHOTEL 726.15 730
INDIANB 776.75 820
INDIGO 5117 5100
INDUSINDBK 834.45 850
INDUSTOWER 410.9 410
INFY 1648.4 1600
INOXWIND 124.35 130
IOC 161.46 161
IRCTC 669.3 690
IREDA 131.4 137.5
IRFC 111.18 115
ITC 401 405
JINDALSTEL 993.7 1020
JIOFIN 295.3 305
JSWENERGY 470.6 490
JSWSTEEL 1084.9 1120
JUBLFOOD 561.1 580
KALYANKJIL 474.85 480
KAYNES 4024 4300
KEI 4167.2 4100
KFINTECH 1068.6 1080
KOTAKBANK 2167.9 2160
KPITTECH 1165.6 1200
LAURUSLABS 1041 1010
LICHSGFIN 529.3 550
LICI 847.25 870
LODHA 1077 1100
LT 4078 4040
LTF 300.7 300
LTIM 6158.5 6100
LUPIN 2141.9 2100
M&M 3596.3 3650
MANAPPURAM 285.4 280
MANKIND 2157.9 2200
MARICO 736.95 730
MARUTI 16377 16300
MAXHEALTH 1073.4 1080
MAZDOCK 2376.9 2500
MCX 10323 10100
MFSL 1669 1700
MOTHERSON 119.82 116
MPHASIS 2895.1 2900
MUTHOOTFIN 3740 3750
NATIONALUM 281.2 272.5
NAUKRI 1331.9 1360
NBCC 110.13 111
NCC 153.3 165
NESTLEIND 1238.2 1240
NHPC 74.89 78
NMDC 76.34 77
NTPC 318.15 325
NUVAMA 7190 7300
NYKAA 244.2 250
OBEROIRLTY 1669.1 1660
OFSS 7690 7900
OIL 402.3 410
ONGC 232.49 237.5
PAGEIND 35530 37000
PATANJALI 559.3 550
PAYTM 1306.2 1300
PERSISTENT 6335 6300
PETRONET 270.35 278
PFC 336.9 355
PGEL 571.6 560
PHOENIXLTD 1813.1 1760
PIDILITIND 1451.8 1480
PIIND 3209.3 3350
PNB 119.16 120
PNBHOUSING 900.35 900
POLICYBZR 1832.6 1840
POLYCAB 7288.5 7300
POWERGRID 260.35 270
POWERINDIA 18010 18500
PPLPHARMA 169.61 175
PRESTIGE 1619.4 1640
RBLBANK 298.85 305
RECLTD 339.15 355
RELIANCE 1565.8 1550
RVNL 309.8 310
SAIL 126.25 130
SAMMAANCAP 145.27 155
SBICARD 855.35 870
SBILIFE 2026.1 2020
SBIN 979.7 970
SHREECEM 25550 26000
SHRIRAMFIN 859.7 850
SIEMENS 3097 3150
SOLARINDS 11757 12500
SONACOMS 486.05 495
SRF 3059.9 3000
SUNPHARMA 1751 1760
SUPREMEIND 3331.1 3400
SUZLON 51.79 54
SYNGENE 658.55 650
TATACONSUM 1174.2 1170
TATAELXSI 5238 5100
TATAMOTORS 0 320
TATAPOWER 375.45 390
TATASTEEL 169.1 170
TATATECH 646.95 670
TCS 3313.6 3240
TECHM 1604.3 1560
TIINDIA 2586.2 2700
TITAGARH 769.7 800
TITAN 3940 3880
TMPV 350.55 360
TORNTPHARM 3765 3750
TORNTPOWER 1254.9 1300
TRENT 4045.2 4200
TVSMOTOR 3618.1 3600
ULTRACEMCO 11492 11600
UNIONBANK 154.3 155
UNITDSPR 1396.9 1430
UNOMINDA 1241.9 1280
UPL 746 750
VBL 471.85 470
VEDL 575.15 555
VOLTAS 1403.6 1400
WIPRO 265.35 260
YESBANK 21.56 22
ZYDUSLIFE 919.25 930

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.