LT
Larsen & Toubro Ltd.
Max pain for LT
11 Nov 2024 04:11 PM IST
Max Pain for LT is 3600
Strike 2900 has a total call value of 0 versus a total put value of 171,851,250,000 Combined total value = 171,851,250,000
Strike 2950 has a total call value of 0 versus a total put value of 157,033,500,000 Combined total value = 157,033,500,000
Strike 3000 has a total call value of 0 versus a total put value of 142,215,750,000 Combined total value = 142,215,750,000
Strike 3050 has a total call value of 0 versus a total put value of 127,926,000,000 Combined total value = 127,926,000,000
Strike 3100 has a total call value of 0 versus a total put value of 113,636,250,000 Combined total value = 113,636,250,000
Strike 3150 has a total call value of 0 versus a total put value of 99,913,500,000 Combined total value = 99,913,500,000
Strike 3200 has a total call value of 0 versus a total put value of 86,406,000,000 Combined total value = 86,406,000,000
Strike 3250 has a total call value of 0 versus a total put value of 73,602,750,000 Combined total value = 73,602,750,000
Strike 3300 has a total call value of 0 versus a total put value of 61,132,500,000 Combined total value = 61,132,500,000
Strike 3350 has a total call value of 315,750,000 versus a total put value of 50,043,750,000 Combined total value = 50,359,500,000
Strike 3400 has a total call value of 744,750,000 versus a total put value of 39,346,500,000 Combined total value = 40,091,250,000
Strike 3450 has a total call value of 1,734,750,000 versus a total put value of 30,227,250,000 Combined total value = 31,962,000,000
Strike 3500 has a total call value of 2,962,500,000 versus a total put value of 21,793,500,000 Combined total value = 24,756,000,000
Strike 3550 has a total call value of 4,731,000,000 versus a total put value of 14,818,500,000 Combined total value = 19,549,500,000
Strike 3600 has a total call value of 7,110,750,000 versus a total put value of 8,933,250,000 Combined total value = 16,044,000,000
Strike 3650 has a total call value of 14,615,250,000 versus a total put value of 5,798,250,000 Combined total value = 20,413,500,000
Strike 3700 has a total call value of 25,362,750,000 versus a total put value of 3,648,750,000 Combined total value = 29,011,500,000
Strike 3750 has a total call value of 44,646,000,000 versus a total put value of 2,475,750,000 Combined total value = 47,121,750,000
Strike 3800 has a total call value of 65,463,750,000 versus a total put value of 1,479,750,000 Combined total value = 66,943,500,000
Strike 3850 has a total call value of 90,114,750,000 versus a total put value of 1,027,500,000 Combined total value = 91,142,250,000
Strike 3900 has a total call value of 115,387,500,000 versus a total put value of 628,500,000 Combined total value = 116,016,000,000
Strike 3950 has a total call value of 141,865,500,000 versus a total put value of 314,250,000 Combined total value = 142,179,750,000
Strike 4000 has a total call value of 168,627,750,000 versus a total put value of 0 Combined total value = 168,627,750,000
Strike 4050 has a total call value of 196,858,500,000 versus a total put value of 0 Combined total value = 196,858,500,000
Strike 4100 has a total call value of 225,659,250,000 versus a total put value of 0 Combined total value = 225,659,250,000
Strike 4150 has a total call value of 254,986,500,000 versus a total put value of 0 Combined total value = 254,986,500,000
Strike 4200 has a total call value of 284,313,750,000 versus a total put value of 0 Combined total value = 284,313,750,000
Max-Pain Table for Monthly Expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 439.75 | 460 |
ABB | 7237.8 | 7200 |
ABBOTINDIA | 28724.3 | 29000 |
ABCAPITAL | 199.3 | 205 |
ABFRL | 298.2 | 300 |
ACC | 2272.75 | 2400 |
ADANIENT | 2903.65 | 3000 |
ADANIPORTS | 1347.9 | 1380 |
ALKEM | 5623.85 | 5700 |
AMBUJACEM | 560.4 | 580 |
APOLLOHOSP | 7155.45 | 7300 |
APOLLOTYRE | 483.25 | 490 |
ASHOKLEY | 224.34 | 220 |
ASIANPAINT | 2543.1 | 2620 |
ASTRAL | 1713.55 | 1800 |
ATUL | 7494.85 | 7800 |
AUBANK | 576.05 | 600 |
AUROPHARMA | 1289.05 | 1340 |
AXISBANK | 1171 | 1170 |
BAJAJ-AUTO | 9919.35 | 10000 |
BAJAJFINSV | 1717.45 | 1740 |
BAJFINANCE | 6778.8 | 6900 |
BALKRISIND | 2782.55 | 2850 |
BANDHANBNK | 175.14 | 185 |
BANKBARODA | 258.35 | 257.5 |
BATAINDIA | 1330.9 | 1340 |
BEL | 299.75 | 295 |
BERGEPAINT | 490.8 | 510 |
BHARATFORG | 1397.5 | 1420 |
BHARTIARTL | 1560.55 | 1600 |
BHEL | 239.22 | 240 |
BIOCON | 348.7 | 340 |
BOSCHLTD | 34990.85 | 35500 |
BPCL | 312.55 | 315 |
BRITANNIA | 5434.65 | 5600 |
BSOFT | 569.65 | 570 |
CANBK | 103.89 | 105 |
CANFINHOME | 838.65 | 850 |
CHAMBLFERT | 479.8 | 500 |
CHOLAFIN | 1262.55 | 1280 |
CIPLA | 1552.8 | 1560 |
COALINDIA | 421.55 | 434.25 |
COFORGE | 8066.9 | 7900 |
COLPAL | 2872.65 | 2950 |
CONCOR | 829.9 | 840 |
COROMANDEL | 1737.25 | 1700 |
CROMPTON | 390.55 | 400 |
CUB | 174.3 | 175 |
CUMMINSIND | 3601.95 | 3600 |
DABUR | 522.75 | 540 |
DALBHARAT | 1755.35 | 1800 |
DEEPAKNTR | 2622 | 2700 |
DIVISLAB | 5899.95 | 5900 |
DIXON | 15387.75 | 15000 |
DLF | 777.5 | 800 |
DRREDDY | 1287.9 | 1290 |
EICHERMOT | 4793.45 | 4850 |
ESCORTS | 3620.9 | 3650 |
EXIDEIND | 436.6 | 450 |
FEDERALBNK | 207.73 | 205 |
GAIL | 202.93 | 210 |
GLENMARK | 1634.2 | 1680 |
GMRINFRA | 79.49 | 84 |
GNFC | 606.55 | 630 |
GODREJCP | 1220.85 | 1260 |
GODREJPROP | 2678.65 | 2800 |
GRANULES | 572.3 | 570 |
GRASIM | 2519.5 | 2580 |
GUJGASLTD | 517.65 | 530 |
HAL | 4443.7 | 4400 |
HAVELLS | 1641.75 | 1660 |
HCLTECH | 1867.3 | 1820 |
HDFCAMC | 4450.05 | 4400 |
HDFCBANK | 1766.3 | 1750 |
HDFCLIFE | 705.35 | 710 |
HEROMOTOCO | 4757.5 | 4900 |
HINDALCO | 655.35 | 660 |
HINDCOPPER | 273.4 | 290 |
HINDPETRO | 380.95 | 390 |
HINDUNILVR | 2491.05 | 2520 |
ICICIBANK | 1269.3 | 1270 |
ICICIGI | 1921.1 | 1900 |
ICICIPRULI | 704.3 | 720 |
IDEA | 7.83 | 8 |
IDFCFIRSTB | 66.56 | 67 |
IEX | 169.38 | 177.5 |
IGL | 440.95 | 430 |
INDHOTEL | 729.75 | 720 |
INDIAMART | 2369.2 | 2450 |
INDIGO | 4011.6 | 4050 |
INDUSINDBK | 1060.8 | 1080 |
INDUSTOWER | 325.05 | 350 |
INFY | 1860.1 | 1820 |
IOC | 139.43 | 145 |
IPCALAB | 1531.3 | 1560 |
IRCTC | 836.2 | 850 |
ITC | 476.95 | 485 |
JINDALSTEL | 906.85 | 940 |
JKCEMENT | 4066.4 | 4150 |
JSWSTEEL | 979 | 990 |
JUBLFOOD | 602 | 600 |
KOTAKBANK | 1744 | 1760 |
LALPATHLAB | 3009.75 | 3100 |
LAURUSLABS | 494.95 | 490 |
LICHSGFIN | 625.95 | 640 |
LT | 3628.85 | 3600 |
LTF | 140.16 | 147.5 |
LTIM | 5974.6 | 5900 |
LTTS | 5111.05 | 5100 |
LUPIN | 2084.9 | 2120 |
M&M | 2930.6 | 2900 |
M&MFIN | 269.6 | 275 |
MANAPPURAM | 156.11 | 152.5 |
MARICO | 617.1 | 640 |
MARUTI | 11399.7 | 11300 |
MCX | 6405.05 | 6400 |
METROPOLIS | 2154.8 | 2100 |
MFSL | 1208 | 1240 |
MGL | 1401.5 | 1440 |
MOTHERSON | 174.82 | 185 |
MPHASIS | 2861.5 | 2900 |
MRF | 123045.6 | 122000 |
MUTHOOTFIN | 1817.15 | 1860 |
NATIONALUM | 232.67 | 230 |
NAUKRI | 7951.5 | 7900 |
NAVINFLUOR | 3461.4 | 3500 |
NESTLEIND | 2279.05 | 2300 |
NMDC | 232.93 | 235 |
NTPC | 392.55 | 400 |
OBEROIRLTY | 2012.75 | 2000 |
OFSS | 11932.8 | 11500 |
ONGC | 256.9 | 265 |
PAGEIND | 47345.3 | 47000 |
PEL | 1037 | 1060 |
PERSISTENT | 5721.65 | 5500 |
PETRONET | 326.95 | 333 |
PFC | 481.85 | 470 |
PIDILITIND | 3099.65 | 3160 |
PIIND | 4599.7 | 4550 |
PNB | 105.14 | 105 |
POLYCAB | 6708.4 | 6700 |
POWERGRID | 329.8 | 320 |
PVRINOX | 1464 | 1500 |
RAMCOCEM | 870.45 | 870 |
RBLBANK | 161.88 | 170 |
RECLTD | 528.35 | 530 |
RELIANCE | 1272.7 | 1320 |
SAIL | 115.89 | 120 |
SBICARD | 692.55 | 700 |
SBILIFE | 1566 | 1600 |
SBIN | 847.65 | 840 |
SHREECEM | 24418.25 | 24750 |
SHRIRAMFIN | 2999.45 | 3100 |
SIEMENS | 7046.05 | 7000 |
SRF | 2294.2 | 2300 |
SUNPHARMA | 1794.6 | 1820 |
SUNTV | 744.7 | 750 |
SYNGENE | 888.75 | 900 |
TATACHEM | 1096.55 | 1120 |
TATACOMM | 1767.95 | 1800 |
TATACONSUM | 975.95 | 1000 |
TATAMOTORS | 804.7 | 840 |
TATAPOWER | 431.5 | 440 |
TATASTEEL | 145.01 | 150 |
TCS | 4198.7 | 4150 |
TECHM | 1704.15 | 1660 |
TITAN | 3206.6 | 3200 |
TORNTPHARM | 3151.65 | 3200 |
TRENT | 6480.7 | 6600 |
TVSMOTOR | 2460.5 | 2500 |
UBL | 1911.8 | 1940 |
ULTRACEMCO | 10970.45 | 11100 |
UNITDSPR | 1475.85 | 1480 |
UPL | 515.15 | 540 |
VEDL | 456.2 | 470 |
VOLTAS | 1754.1 | 1720 |
WIPRO | 573.5 | 560 |
ZYDUSLIFE | 967.75 | 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.