LICI
Life Insura Corp Of India
Max pain for LICI
12 Dec 2024 01:24 PM IST
Max Pain for LICI is 950
Strike 800 has a total call value of 0 versus a total put value of 37,516,450,000 Combined total value = 37,516,450,000
Strike 810 has a total call value of 0 versus a total put value of 34,585,100,000 Combined total value = 34,585,100,000
Strike 820 has a total call value of 0 versus a total put value of 31,653,750,000 Combined total value = 31,653,750,000
Strike 830 has a total call value of 0 versus a total put value of 28,722,400,000 Combined total value = 28,722,400,000
Strike 840 has a total call value of 0 versus a total put value of 25,791,050,000 Combined total value = 25,791,050,000
Strike 850 has a total call value of 0 versus a total put value of 22,870,625,000 Combined total value = 22,870,625,000
Strike 860 has a total call value of 0 versus a total put value of 19,950,200,000 Combined total value = 19,950,200,000
Strike 870 has a total call value of 0 versus a total put value of 17,123,500,000 Combined total value = 17,123,500,000
Strike 880 has a total call value of 0 versus a total put value of 14,296,800,000 Combined total value = 14,296,800,000
Strike 890 has a total call value of 0 versus a total put value of 11,844,425,000 Combined total value = 11,844,425,000
Strike 900 has a total call value of 0 versus a total put value of 9,436,325,000 Combined total value = 9,436,325,000
Strike 910 has a total call value of 20,700,000 versus a total put value of 7,678,550,000 Combined total value = 7,699,250,000
Strike 920 has a total call value of 41,400,000 versus a total put value of 6,034,625,000 Combined total value = 6,076,025,000
Strike 930 has a total call value of 80,500,000 versus a total put value of 4,533,875,000 Combined total value = 4,614,375,000
Strike 940 has a total call value of 163,875,000 versus a total put value of 3,224,600,000 Combined total value = 3,388,475,000
Strike 950 has a total call value of 423,775,000 versus a total put value of 2,109,100,000 Combined total value = 2,532,875,000
Strike 960 has a total call value of 1,300,075,000 versus a total put value of 1,459,350,000 Combined total value = 2,759,425,000
Strike 970 has a total call value of 2,605,900,000 versus a total put value of 951,050,000 Combined total value = 3,556,950,000
Strike 980 has a total call value of 4,199,225,000 versus a total put value of 520,375,000 Combined total value = 4,719,600,000
Strike 990 has a total call value of 6,178,950,000 versus a total put value of 221,375,000 Combined total value = 6,400,325,000
Strike 1000 has a total call value of 8,453,650,000 versus a total put value of 0 Combined total value = 8,453,650,000
Strike 1010 has a total call value of 12,298,675,000 versus a total put value of 0 Combined total value = 12,298,675,000
Strike 1020 has a total call value of 16,346,675,000 versus a total put value of 0 Combined total value = 16,346,675,000
Strike 1030 has a total call value of 20,648,250,000 versus a total put value of 0 Combined total value = 20,648,250,000
Strike 1040 has a total call value of 25,094,725,000 versus a total put value of 0 Combined total value = 25,094,725,000
Strike 1050 has a total call value of 29,786,150,000 versus a total put value of 0 Combined total value = 29,786,150,000
Strike 1060 has a total call value of 34,751,850,000 versus a total put value of 0 Combined total value = 34,751,850,000
Strike 1070 has a total call value of 39,849,800,000 versus a total put value of 0 Combined total value = 39,849,800,000
Strike 1080 has a total call value of 45,038,025,000 versus a total put value of 0 Combined total value = 45,038,025,000
Strike 1090 has a total call value of 50,355,050,000 versus a total put value of 0 Combined total value = 50,355,050,000
Strike 1100 has a total call value of 55,672,075,000 versus a total put value of 0 Combined total value = 55,672,075,000
Strike 1110 has a total call value of 61,339,850,000 versus a total put value of 0 Combined total value = 61,339,850,000
Strike 1120 has a total call value of 67,007,625,000 versus a total put value of 0 Combined total value = 67,007,625,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 439 | 450 |
| ABB | 7683.2 | 7600 |
| ABBOTINDIA | 28717.75 | 28000 |
| ABCAPITAL | 198.14 | 200 |
| ABFRL | 304.1 | 310 |
| ACC | 2241 | 2260 |
| ADANIENSOL | 827.6 | 800 |
| ADANIENT | 2527.9 | 2500 |
| ADANIGREEN | 1237.8 | 1200 |
| ADANIPORTS | 1259.05 | 1260 |
| ALKEM | 5426.85 | 5500 |
| AMBUJACEM | 572 | 570 |
| ANGELONE | 3451.25 | 3300 |
| APLAPOLLO | 1604.95 | 1600 |
| APOLLOHOSP | 7255.25 | 7200 |
| APOLLOTYRE | 541.1 | 530 |
| ASHOKLEY | 230.06 | 230 |
| ASIANPAINT | 2396.15 | 2460 |
| ASTRAL | 1840.15 | 1840 |
| ATGL | 738.35 | 740 |
| ATUL | 7255 | 7300 |
| AUBANK | 590.5 | 590 |
| AUROPHARMA | 1217.15 | 1240 |
| AXISBANK | 1153.6 | 1160 |
| BAJAJ-AUTO | 8963.75 | 9100 |
| BAJAJFINSV | 1681.35 | 1660 |
| BAJFINANCE | 7133.9 | 7000 |
| BALKRISIND | 2800.6 | 2800 |
| BANDHANBNK | 170.88 | 175 |
| BANKBARODA | 260 | 260 |
| BANKINDIA | 113.62 | 115 |
| BATAINDIA | 1413.55 | 1430 |
| BEL | 314.1 | 310 |
| BERGEPAINT | 471.85 | 480 |
| BHARATFORG | 1357.1 | 1360 |
| BHARTIARTL | 1602 | 1600 |
| BHEL | 245.2 | 250 |
| BIOCON | 356.85 | 370 |
| BOSCHLTD | 36213.9 | 35500 |
| BPCL | 303.4 | 300 |
| BRITANNIA | 4817.5 | 4900 |
| BSE | 5609.55 | 5200 |
| BSOFT | 612.6 | 600 |
| CAMS | 5259.9 | 5200 |
| CANBK | 107.8 | 107 |
| CANFINHOME | 812.9 | 820 |
| CDSL | 1946 | 1840 |
| CESC | 188.99 | 190 |
| CGPOWER | 774 | 780 |
| CHAMBLFERT | 528.5 | 530 |
| CHOLAFIN | 1338.45 | 1300 |
| CIPLA | 1440.7 | 1480 |
| COALINDIA | 410.4 | 420 |
| COFORGE | 9207.3 | 9000 |
| COLPAL | 2843.75 | 2900 |
| CONCOR | 820 | 840 |
| COROMANDEL | 1784.2 | 1780 |
| CROMPTON | 406.65 | 410 |
| CUB | 182.41 | 185 |
| CUMMINSIND | 3596.1 | 3500 |
| CYIENT | 2079.3 | 2000 |
| DABUR | 506.3 | 510 |
| DALBHARAT | 1931.75 | 1900 |
| DEEPAKNTR | 2678.3 | 2700 |
| DELHIVERY | 381.25 | 370 |
| DIVISLAB | 5941 | 6000 |
| DIXON | 17669.1 | 17000 |
| DLF | 868.95 | 850 |
| DMART | 3720.95 | 3700 |
| DRREDDY | 1240 | 1220 |
| EICHERMOT | 4782.45 | 4850 |
| ESCORTS | 3450.5 | 3500 |
| EXIDEIND | 462.25 | 460 |
| FEDERALBNK | 213.25 | 215 |
| GAIL | 205.57 | 207.5 |
| GLENMARK | 1531.7 | 1540 |
| GMRINFRA | 0 | 36 |
| GNFC | 617.75 | 620 |
| GODREJCP | 1115.85 | 1140 |
| GODREJPROP | 2848.35 | 2850 |
| GRANULES | 589.05 | 560 |
| GRASIM | 2650.6 | 2640 |
| GUJGASLTD | 510.65 | 500 |
| HAL | 4685 | 4600 |
| HAVELLS | 1757.6 | 1740 |
| HCLTECH | 1938 | 1900 |
| HDFCAMC | 4544.5 | 4400 |
| HDFCBANK | 1854.25 | 1820 |
| HDFCLIFE | 633.3 | 640 |
| HEROMOTOCO | 4546.3 | 4700 |
| HFCL | 125.04 | 130 |
| HINDALCO | 665.65 | 670 |
| HINDCOPPER | 287.6 | 290 |
| HINDPETRO | 410.25 | 400 |
| HINDUNILVR | 2339.55 | 2400 |
| HUDCO | 247.94 | 245 |
| ICICIBANK | 1331.05 | 1320 |
| ICICIGI | 1953.65 | 1940 |
| ICICIPRULI | 692 | 690 |
| IDEA | 7.89 | 8 |
| IDFCFIRSTB | 64.5 | 65 |
| IEX | 189.15 | 185 |
| IGL | 386.9 | 360 |
| INDHOTEL | 834.15 | 820 |
| INDIAMART | 2361.8 | 2400 |
| INDIANB | 579 | 590 |
| INDIGO | 4468 | 4450 |
| INDUSINDBK | 1001.85 | 1000 |
| INDUSTOWER | 346.85 | 360 |
| INFY | 1991.45 | 1940 |
| IOC | 142.37 | 142.5 |
| IPCALAB | 1559.7 | 1540 |
| IRB | 57.99 | 59 |
| IRCTC | 839.7 | 840 |
| IRFC | 162.25 | 160 |
| ITC | 461.95 | 470 |
| JINDALSTEL | 995.8 | 980 |
| JIOFIN | 338.45 | 340 |
| JKCEMENT | 4647.1 | 4600 |
| JSL | 749.65 | 740 |
| JSWENERGY | 682.35 | 660 |
| JSWSTEEL | 1003.95 | 1000 |
| JUBLFOOD | 677.05 | 680 |
| KALYANKJIL | 752.7 | 750 |
| KEI | 4571.15 | 4400 |
| KOTAKBANK | 1776.35 | 1800 |
| KPITTECH | 1539.5 | 1500 |
| LALPATHLAB | 3050.45 | 3100 |
| LAURUSLABS | 564.2 | 570 |
| LICHSGFIN | 635.95 | 640 |
| LICI | 930.85 | 950 |
| LODHA | 1431.6 | 1360 |
| LT | 3857.65 | 3800 |
| LTF | 147.63 | 147.5 |
| LTIM | 6670 | 6500 |
| LTTS | 5400.55 | 5400 |
| LUPIN | 2125 | 2100 |
| M&M | 3060.85 | 3000 |
| M&MFIN | 280.15 | 280 |
| MANAPPURAM | 179.15 | 162.5 |
| MARICO | 632.1 | 630 |
| MARUTI | 11155.4 | 11200 |
| MAXHEALTH | 1160.8 | 1100 |
| MCX | 6701.9 | 6600 |
| METROPOLIS | 2229.55 | 2200 |
| MFSL | 1135.25 | 1160 |
| MGL | 1275.2 | 1280 |
| MOTHERSON | 165.27 | 167.5 |
| MPHASIS | 3213.75 | 3100 |
| MRF | 131861.1 | 130000 |
| MUTHOOTFIN | 2086.35 | 2000 |
| NATIONALUM | 230.8 | 240 |
| NAUKRI | 8606.4 | 8500 |
| NAVINFLUOR | 3559.35 | 3600 |
| NCC | 302.65 | 310 |
| NESTLEIND | 2222.9 | 2240 |
| NHPC | 85.33 | 85 |
| NMDC | 239.5 | 240 |
| NTPC | 355.2 | 365 |
| NYKAA | 170.7 | 170 |
| OBEROIRLTY | 2133.6 | 2100 |
| OFSS | 12197.5 | 12250 |
| OIL | 469.85 | 470 |
| ONGC | 254.95 | 259 |
| PAGEIND | 47071 | 46500 |
| PAYTM | 953.2 | 960 |
| PEL | 1250 | 1200 |
| PERSISTENT | 6435.75 | 6300 |
| PETRONET | 341.5 | 340 |
| PFC | 509 | 500 |
| PIDILITIND | 3190 | 3180 |
| PIIND | 4050.45 | 4100 |
| PNB | 107.58 | 109 |
| POLICYBZR | 2135.2 | 2000 |
| POLYCAB | 7508.55 | 7300 |
| POONAWALLA | 359.3 | 355 |
| POWERGRID | 328.65 | 330 |
| PRESTIGE | 1738.2 | 1700 |
| PVRINOX | 1459 | 1540 |
| RAMCOCEM | 997.1 | 1000 |
| RBLBANK | 174.85 | 160 |
| RECLTD | 563.6 | 550 |
| RELIANCE | 1262.2 | 1300 |
| SAIL | 128.2 | 125 |
| SBICARD | 728.35 | 720 |
| SBILIFE | 1442.05 | 1440 |
| SBIN | 853.7 | 850 |
| SHREECEM | 27289 | 27000 |
| SHRIRAMFIN | 3245.45 | 3200 |
| SIEMENS | 7934.6 | 7700 |
| SJVN | 118.27 | 120 |
| SONACOMS | 635.85 | 650 |
| SRF | 2312.6 | 2300 |
| SUNPHARMA | 1802.2 | 1800 |
| SUNTV | 730.95 | 750 |
| SUPREMEIND | 4855 | 4900 |
| SYNGENE | 876.8 | 890 |
| TATACHEM | 1101.05 | 1120 |
| TATACOMM | 1839.85 | 1820 |
| TATACONSUM | 916.75 | 940 |
| TATAELXSI | 7345.55 | 7300 |
| TATAMOTORS | 788.35 | 800 |
| TATAPOWER | 432.1 | 435 |
| TATASTEEL | 149.87 | 150 |
| TCS | 4467.65 | 4400 |
| TECHM | 1790.15 | 1760 |
| TIINDIA | 3670 | 3700 |
| TITAN | 3437.7 | 3400 |
| TORNTPHARM | 3350 | 3350 |
| TRENT | 7038 | 6900 |
| TVSMOTOR | 2516.2 | 2500 |
| UBL | 1972.2 | 1960 |
| ULTRACEMCO | 11865.05 | 11700 |
| UNIONBANK | 129.14 | 127 |
| UNITDSPR | 1516.7 | 1520 |
| UPL | 546.25 | 550 |
| VBL | 646.4 | 640 |
| VEDL | 520.2 | 500 |
| VOLTAS | 1791.4 | 1760 |
| WIPRO | 311.4 | 300 |
| YESBANK | 21.28 | 21 |
| ZOMATO | 287.25 | 280 |
| ZYDUSLIFE | 981.8 | 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.
