LODHA
Macrotech Developers Ltd
Max pain for LODHA
12 Dec 2024 10:14 AM IST
Max Pain for LODHA is 1340
Strike 1180 has a total call value of 0 versus a total put value of 3,366,900,000 Combined total value = 3,366,900,000
Strike 1200 has a total call value of 0 versus a total put value of 2,711,700,000 Combined total value = 2,711,700,000
Strike 1220 has a total call value of 0 versus a total put value of 2,368,800,000 Combined total value = 2,368,800,000
Strike 1240 has a total call value of 0 versus a total put value of 2,025,900,000 Combined total value = 2,025,900,000
Strike 1260 has a total call value of 0 versus a total put value of 1,683,000,000 Combined total value = 1,683,000,000
Strike 1280 has a total call value of 0 versus a total put value of 1,340,100,000 Combined total value = 1,340,100,000
Strike 1300 has a total call value of 0 versus a total put value of 1,025,100,000 Combined total value = 1,025,100,000
Strike 1320 has a total call value of 195,300,000 versus a total put value of 710,100,000 Combined total value = 905,400,000
Strike 1340 has a total call value of 390,600,000 versus a total put value of 456,300,000 Combined total value = 846,900,000
Strike 1360 has a total call value of 654,300,000 versus a total put value of 236,700,000 Combined total value = 891,000,000
Strike 1380 has a total call value of 1,044,900,000 versus a total put value of 108,000,000 Combined total value = 1,152,900,000
Strike 1400 has a total call value of 1,509,300,000 versus a total put value of 12,600,000 Combined total value = 1,521,900,000
Strike 1420 has a total call value of 2,421,000,000 versus a total put value of 0 Combined total value = 2,421,000,000
Strike 1440 has a total call value of 3,483,900,000 versus a total put value of 0 Combined total value = 3,483,900,000
Strike 1460 has a total call value of 4,823,100,000 versus a total put value of 0 Combined total value = 4,823,100,000
Strike 1480 has a total call value of 6,219,000,000 versus a total put value of 0 Combined total value = 6,219,000,000
Strike 1500 has a total call value of 7,614,900,000 versus a total put value of 0 Combined total value = 7,614,900,000
Strike 1520 has a total call value of 9,465,300,000 versus a total put value of 0 Combined total value = 9,465,300,000
Strike 1540 has a total call value of 11,315,700,000 versus a total put value of 0 Combined total value = 11,315,700,000
Strike 1560 has a total call value of 13,193,100,000 versus a total put value of 0 Combined total value = 13,193,100,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 442.35 | 450 |
| ABB | 7680.5 | 7600 |
| ABBOTINDIA | 28788.5 | 28000 |
| ABCAPITAL | 199.8 | 200 |
| ABFRL | 305.4 | 310 |
| ACC | 2229.95 | 2260 |
| ADANIENSOL | 787.95 | 800 |
| ADANIENT | 2450.05 | 2500 |
| ADANIGREEN | 1127.6 | 1200 |
| ADANIPORTS | 1229.3 | 1240 |
| ALKEM | 5457.6 | 5500 |
| AMBUJACEM | 571.15 | 570 |
| ANGELONE | 3421.35 | 3300 |
| APLAPOLLO | 1600 | 1580 |
| APOLLOHOSP | 7240.55 | 7200 |
| APOLLOTYRE | 542.05 | 530 |
| ASHOKLEY | 230 | 230 |
| ASIANPAINT | 2396.7 | 2440 |
| ASTRAL | 1847.35 | 1860 |
| ATGL | 713.6 | 720 |
| ATUL | 7313.45 | 7400 |
| AUBANK | 593.05 | 590 |
| AUROPHARMA | 1223.5 | 1240 |
| AXISBANK | 1149.05 | 1160 |
| BAJAJ-AUTO | 9025 | 9100 |
| BAJAJFINSV | 1680.25 | 1660 |
| BAJFINANCE | 7112 | 7000 |
| BALKRISIND | 2795.2 | 2800 |
| BANDHANBNK | 172.41 | 175 |
| BANKBARODA | 258.25 | 260 |
| BANKINDIA | 113.14 | 115 |
| BATAINDIA | 1432.8 | 1440 |
| BEL | 314.45 | 310 |
| BERGEPAINT | 471.35 | 480 |
| BHARATFORG | 1360.65 | 1360 |
| BHARTIARTL | 1591.95 | 1600 |
| BHEL | 249 | 250 |
| BIOCON | 363.4 | 370 |
| BOSCHLTD | 36037.45 | 35500 |
| BPCL | 304.75 | 300 |
| BRITANNIA | 4877 | 4900 |
| BSE | 5665 | 5300 |
| BSOFT | 620 | 600 |
| CAMS | 5324 | 5200 |
| CANBK | 107.7 | 108 |
| CANFINHOME | 816.5 | 820 |
| CDSL | 1942.8 | 1840 |
| CESC | 191.42 | 195 |
| CGPOWER | 784 | 770 |
| CHAMBLFERT | 527.5 | 530 |
| CHOLAFIN | 1347.55 | 1320 |
| CIPLA | 1446.35 | 1480 |
| COALINDIA | 412.65 | 420 |
| COFORGE | 9271.35 | 8900 |
| COLPAL | 2863.15 | 2900 |
| CONCOR | 835.1 | 840 |
| COROMANDEL | 1776.65 | 1780 |
| CROMPTON | 411.2 | 410 |
| CUB | 184.8 | 185 |
| CUMMINSIND | 3636.3 | 3500 |
| CYIENT | 2090.65 | 2000 |
| DABUR | 508 | 510 |
| DALBHARAT | 1956.1 | 1900 |
| DEEPAKNTR | 2690 | 2700 |
| DELHIVERY | 379.8 | 370 |
| DIVISLAB | 5995.95 | 6000 |
| DIXON | 17765 | 17000 |
| DLF | 864.1 | 850 |
| DMART | 3705.65 | 3700 |
| DRREDDY | 1233.25 | 1220 |
| EICHERMOT | 4783.6 | 4850 |
| ESCORTS | 3461 | 3500 |
| EXIDEIND | 468.05 | 460 |
| FEDERALBNK | 215.39 | 215 |
| GAIL | 205.66 | 207.5 |
| GLENMARK | 1530.5 | 1540 |
| GMRINFRA | 0 | 36 |
| GNFC | 616.85 | 630 |
| GODREJCP | 1121.7 | 1140 |
| GODREJPROP | 2865.1 | 2900 |
| GRANULES | 588 | 580 |
| GRASIM | 2647.05 | 2640 |
| GUJGASLTD | 511.05 | 510 |
| HAL | 4693 | 4600 |
| HAVELLS | 1745.85 | 1740 |
| HCLTECH | 1946.4 | 1900 |
| HDFCAMC | 4568.35 | 4400 |
| HDFCBANK | 1860.5 | 1820 |
| HDFCLIFE | 631.75 | 640 |
| HEROMOTOCO | 4594.3 | 4700 |
| HFCL | 126.24 | 130 |
| HINDALCO | 668.85 | 670 |
| HINDCOPPER | 289.5 | 290 |
| HINDPETRO | 409.7 | 395 |
| HINDUNILVR | 2385.9 | 2420 |
| HUDCO | 246 | 245 |
| ICICIBANK | 1336.2 | 1320 |
| ICICIGI | 1940.6 | 1940 |
| ICICIPRULI | 690.55 | 690 |
| IDEA | 7.93 | 8 |
| IDFCFIRSTB | 64.74 | 65 |
| IEX | 189 | 185 |
| IGL | 388.3 | 360 |
| INDHOTEL | 838.8 | 820 |
| INDIAMART | 2391 | 2400 |
| INDIANB | 576.25 | 590 |
| INDIGO | 4412.1 | 4450 |
| INDUSINDBK | 988.85 | 1000 |
| INDUSTOWER | 353.55 | 360 |
| INFY | 1995.65 | 1940 |
| IOC | 141.81 | 140 |
| IPCALAB | 1564.1 | 1520 |
| IRB | 58.33 | 59 |
| IRCTC | 847.1 | 840 |
| IRFC | 163.07 | 160 |
| ITC | 463.4 | 470 |
| JINDALSTEL | 988 | 980 |
| JIOFIN | 341.4 | 340 |
| JKCEMENT | 4638.3 | 4600 |
| JSL | 747.9 | 700 |
| JSWENERGY | 672.8 | 660 |
| JSWSTEEL | 993.8 | 1000 |
| JUBLFOOD | 686.7 | 680 |
| KALYANKJIL | 778 | 750 |
| KEI | 4546.75 | 4400 |
| KOTAKBANK | 1783.85 | 1800 |
| KPITTECH | 1546.4 | 1500 |
| LALPATHLAB | 3123.15 | 3100 |
| LAURUSLABS | 568.75 | 570 |
| LICHSGFIN | 631.65 | 630 |
| LICI | 938 | 950 |
| LODHA | 1414.85 | 1340 |
| LT | 3875.3 | 3800 |
| LTF | 148.64 | 147.5 |
| LTIM | 6720 | 6500 |
| LTTS | 5415 | 5400 |
| LUPIN | 2149.7 | 2100 |
| M&M | 3078.45 | 3000 |
| M&MFIN | 279.6 | 280 |
| MANAPPURAM | 180.02 | 160 |
| MARICO | 640.6 | 630 |
| MARUTI | 11180 | 11200 |
| MAXHEALTH | 1164.3 | 1100 |
| MCX | 6786.4 | 6600 |
| METROPOLIS | 2208.95 | 2200 |
| MFSL | 1130.8 | 1160 |
| MGL | 1289.3 | 1280 |
| MOTHERSON | 166.09 | 165 |
| MPHASIS | 3214 | 3100 |
| MRF | 132350.2 | 132000 |
| MUTHOOTFIN | 2083.95 | 2020 |
| NATIONALUM | 245.22 | 247.5 |
| NAUKRI | 8762.85 | 8500 |
| NAVINFLUOR | 3584 | 3600 |
| NCC | 305.1 | 310 |
| NESTLEIND | 2231.95 | 2260 |
| NHPC | 86.23 | 85 |
| NMDC | 239.54 | 240 |
| NTPC | 361.8 | 365 |
| NYKAA | 170.5 | 170 |
| OBEROIRLTY | 2129.25 | 2100 |
| OFSS | 12171.45 | 12250 |
| OIL | 469.55 | 470 |
| ONGC | 256 | 259 |
| PAGEIND | 46938.45 | 46500 |
| PAYTM | 961.25 | 960 |
| PEL | 1260 | 1220 |
| PERSISTENT | 6472.75 | 6300 |
| PETRONET | 346.3 | 340 |
| PFC | 509.7 | 500 |
| PIDILITIND | 3165.1 | 3200 |
| PIIND | 4012.95 | 4100 |
| PNB | 107.77 | 109 |
| POLICYBZR | 2176.05 | 2000 |
| POLYCAB | 7402.9 | 7300 |
| POONAWALLA | 362.65 | 360 |
| POWERGRID | 327.05 | 330 |
| PRESTIGE | 1749 | 1700 |
| PVRINOX | 1468.65 | 1540 |
| RAMCOCEM | 997.3 | 1010 |
| RBLBANK | 177.1 | 155 |
| RECLTD | 569.2 | 550 |
| RELIANCE | 1271.05 | 1300 |
| SAIL | 126.08 | 125 |
| SBICARD | 732.65 | 720 |
| SBILIFE | 1439.15 | 1440 |
| SBIN | 856.35 | 850 |
| SHREECEM | 27220.55 | 27000 |
| SHRIRAMFIN | 3236.6 | 3200 |
| SIEMENS | 7890.1 | 7700 |
| SJVN | 118.85 | 120 |
| SONACOMS | 633.55 | 650 |
| SRF | 2310.7 | 2300 |
| SUNPHARMA | 1814.7 | 1800 |
| SUNTV | 735.45 | 750 |
| SUPREMEIND | 4870.05 | 4900 |
| SYNGENE | 894.25 | 900 |
| TATACHEM | 1108.5 | 1120 |
| TATACOMM | 1856.2 | 1820 |
| TATACONSUM | 920.5 | 940 |
| TATAELXSI | 7385.9 | 7300 |
| TATAMOTORS | 790.45 | 800 |
| TATAPOWER | 430.9 | 435 |
| TATASTEEL | 149.3 | 150 |
| TCS | 4474.7 | 4400 |
| TECHM | 1800.2 | 1760 |
| TIINDIA | 3675.05 | 3600 |
| TITAN | 3433.4 | 3400 |
| TORNTPHARM | 3365 | 3350 |
| TRENT | 7057.65 | 6900 |
| TVSMOTOR | 2507.55 | 2500 |
| UBL | 1977.25 | 1960 |
| ULTRACEMCO | 11850 | 11900 |
| UNIONBANK | 128.38 | 128 |
| UNITDSPR | 1514.15 | 1520 |
| UPL | 544.8 | 550 |
| VBL | 637.25 | 640 |
| VEDL | 521.9 | 500 |
| VOLTAS | 1796.2 | 1760 |
| WIPRO | 313 | 300 |
| YESBANK | 21.37 | 21 |
| ZOMATO | 293.2 | 280 |
| ZYDUSLIFE | 980.65 | 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.
