LT
Larsen & Toubro Ltd.
Max pain for LT
17 Jun 2025 04:11 PM IST
Max Pain for LT is 3620
Strike 2600 has a total call value of 0 versus a total put value of 276,519,300,000 Combined total value = 276,519,300,000
Strike 2620 has a total call value of 0 versus a total put value of 270,466,500,000 Combined total value = 270,466,500,000
Strike 2640 has a total call value of 0 versus a total put value of 264,413,700,000 Combined total value = 264,413,700,000
Strike 2660 has a total call value of 0 versus a total put value of 258,360,900,000 Combined total value = 258,360,900,000
Strike 2680 has a total call value of 0 versus a total put value of 252,308,100,000 Combined total value = 252,308,100,000
Strike 2700 has a total call value of 0 versus a total put value of 246,255,300,000 Combined total value = 246,255,300,000
Strike 2720 has a total call value of 0 versus a total put value of 240,202,500,000 Combined total value = 240,202,500,000
Strike 2740 has a total call value of 0 versus a total put value of 234,149,700,000 Combined total value = 234,149,700,000
Strike 2760 has a total call value of 0 versus a total put value of 228,096,900,000 Combined total value = 228,096,900,000
Strike 2780 has a total call value of 0 versus a total put value of 222,044,100,000 Combined total value = 222,044,100,000
Strike 2800 has a total call value of 0 versus a total put value of 215,991,300,000 Combined total value = 215,991,300,000
Strike 2820 has a total call value of 0 versus a total put value of 209,938,500,000 Combined total value = 209,938,500,000
Strike 2840 has a total call value of 0 versus a total put value of 203,885,700,000 Combined total value = 203,885,700,000
Strike 2860 has a total call value of 0 versus a total put value of 197,832,900,000 Combined total value = 197,832,900,000
Strike 2880 has a total call value of 0 versus a total put value of 191,780,100,000 Combined total value = 191,780,100,000
Strike 2900 has a total call value of 0 versus a total put value of 185,727,300,000 Combined total value = 185,727,300,000
Strike 2920 has a total call value of 0 versus a total put value of 179,674,500,000 Combined total value = 179,674,500,000
Strike 2940 has a total call value of 0 versus a total put value of 173,641,500,000 Combined total value = 173,641,500,000
Strike 2960 has a total call value of 0 versus a total put value of 167,608,500,000 Combined total value = 167,608,500,000
Strike 2980 has a total call value of 0 versus a total put value of 161,575,500,000 Combined total value = 161,575,500,000
Strike 3000 has a total call value of 0 versus a total put value of 155,542,500,000 Combined total value = 155,542,500,000
Strike 3020 has a total call value of 0 versus a total put value of 149,552,100,000 Combined total value = 149,552,100,000
Strike 3040 has a total call value of 0 versus a total put value of 143,561,700,000 Combined total value = 143,561,700,000
Strike 3060 has a total call value of 0 versus a total put value of 137,571,300,000 Combined total value = 137,571,300,000
Strike 3080 has a total call value of 0 versus a total put value of 131,580,900,000 Combined total value = 131,580,900,000
Strike 3100 has a total call value of 0 versus a total put value of 125,590,500,000 Combined total value = 125,590,500,000
Strike 3120 has a total call value of 0 versus a total put value of 119,600,100,000 Combined total value = 119,600,100,000
Strike 3140 has a total call value of 0 versus a total put value of 113,609,700,000 Combined total value = 113,609,700,000
Strike 3160 has a total call value of 0 versus a total put value of 107,619,600,000 Combined total value = 107,619,600,000
Strike 3180 has a total call value of 0 versus a total put value of 101,629,500,000 Combined total value = 101,629,500,000
Strike 3200 has a total call value of 0 versus a total put value of 95,639,400,000 Combined total value = 95,639,400,000
Strike 3220 has a total call value of 13,800,000 versus a total put value of 90,104,400,000 Combined total value = 90,118,200,000
Strike 3240 has a total call value of 27,600,000 versus a total put value of 84,569,400,000 Combined total value = 84,597,000,000
Strike 3260 has a total call value of 41,400,000 versus a total put value of 79,034,400,000 Combined total value = 79,075,800,000
Strike 3280 has a total call value of 55,200,000 versus a total put value of 73,595,100,000 Combined total value = 73,650,300,000
Strike 3300 has a total call value of 69,000,000 versus a total put value of 68,173,800,000 Combined total value = 68,242,800,000
Strike 3320 has a total call value of 82,800,000 versus a total put value of 63,154,800,000 Combined total value = 63,237,600,000
Strike 3340 has a total call value of 96,600,000 versus a total put value of 58,173,900,000 Combined total value = 58,270,500,000
Strike 3360 has a total call value of 110,400,000 versus a total put value of 53,255,400,000 Combined total value = 53,365,800,000
Strike 3380 has a total call value of 124,200,000 versus a total put value of 48,396,600,000 Combined total value = 48,520,800,000
Strike 3400 has a total call value of 138,000,000 versus a total put value of 43,569,000,000 Combined total value = 43,707,000,000
Strike 3420 has a total call value of 229,500,000 versus a total put value of 39,194,400,000 Combined total value = 39,423,900,000
Strike 3440 has a total call value of 321,000,000 versus a total put value of 34,881,600,000 Combined total value = 35,202,600,000
Strike 3460 has a total call value of 438,300,000 versus a total put value of 30,727,800,000 Combined total value = 31,166,100,000
Strike 3480 has a total call value of 555,600,000 versus a total put value of 26,609,700,000 Combined total value = 27,165,300,000
Strike 3500 has a total call value of 715,200,000 versus a total put value of 22,562,700,000 Combined total value = 23,277,900,000
Strike 3520 has a total call value of 1,108,800,000 versus a total put value of 19,265,700,000 Combined total value = 20,374,500,000
Strike 3540 has a total call value of 1,584,900,000 versus a total put value of 16,098,900,000 Combined total value = 17,683,800,000
Strike 3560 has a total call value of 2,143,800,000 versus a total put value of 13,091,700,000 Combined total value = 15,235,500,000
Strike 3580 has a total call value of 2,765,100,000 versus a total put value of 10,381,500,000 Combined total value = 13,146,600,000
Strike 3600 has a total call value of 3,490,200,000 versus a total put value of 7,836,900,000 Combined total value = 11,327,100,000
Strike 3620 has a total call value of 5,113,800,000 versus a total put value of 6,157,200,000 Combined total value = 11,271,000,000
Strike 3640 has a total call value of 7,001,700,000 versus a total put value of 4,635,000,000 Combined total value = 11,636,700,000
Strike 3660 has a total call value of 9,435,600,000 versus a total put value of 3,390,600,000 Combined total value = 12,826,200,000
Strike 3680 has a total call value of 13,081,200,000 versus a total put value of 2,409,000,000 Combined total value = 15,490,200,000
Strike 3700 has a total call value of 17,187,900,000 versus a total put value of 1,599,300,000 Combined total value = 18,787,200,000
Strike 3720 has a total call value of 23,880,900,000 versus a total put value of 1,026,900,000 Combined total value = 24,907,800,000
Strike 3740 has a total call value of 31,221,000,000 versus a total put value of 630,000,000 Combined total value = 31,851,000,000
Strike 3760 has a total call value of 41,064,600,000 versus a total put value of 420,000,000 Combined total value = 41,484,600,000
Strike 3780 has a total call value of 51,603,600,000 versus a total put value of 210,000,000 Combined total value = 51,813,600,000
Strike 3800 has a total call value of 62,401,200,000 versus a total put value of 0 Combined total value = 62,401,200,000
Strike 3820 has a total call value of 74,967,000,000 versus a total put value of 0 Combined total value = 74,967,000,000
Strike 3840 has a total call value of 87,612,300,000 versus a total put value of 0 Combined total value = 87,612,300,000
Strike 3860 has a total call value of 100,341,000,000 versus a total put value of 0 Combined total value = 100,341,000,000
Strike 3880 has a total call value of 113,091,300,000 versus a total put value of 0 Combined total value = 113,091,300,000
Strike 3900 has a total call value of 126,220,500,000 versus a total put value of 0 Combined total value = 126,220,500,000
Strike 3920 has a total call value of 139,722,000,000 versus a total put value of 0 Combined total value = 139,722,000,000
Strike 3940 has a total call value of 153,242,700,000 versus a total put value of 0 Combined total value = 153,242,700,000
Strike 3960 has a total call value of 166,763,400,000 versus a total put value of 0 Combined total value = 166,763,400,000
Strike 3980 has a total call value of 180,325,200,000 versus a total put value of 0 Combined total value = 180,325,200,000
Strike 4000 has a total call value of 193,887,000,000 versus a total put value of 0 Combined total value = 193,887,000,000
Strike 4020 has a total call value of 208,185,900,000 versus a total put value of 0 Combined total value = 208,185,900,000
Strike 4040 has a total call value of 222,484,800,000 versus a total put value of 0 Combined total value = 222,484,800,000
Strike 4060 has a total call value of 236,841,600,000 versus a total put value of 0 Combined total value = 236,841,600,000
Strike 4080 has a total call value of 251,198,400,000 versus a total put value of 0 Combined total value = 251,198,400,000
Strike 4100 has a total call value of 265,803,000,000 versus a total put value of 0 Combined total value = 265,803,000,000
Strike 4120 has a total call value of 280,407,600,000 versus a total put value of 0 Combined total value = 280,407,600,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 455.6 | 470 |
| ABB | 6034.5 | 6000 |
| ABCAPITAL | 255.11 | 242.5 |
| ABFRL | 74.7 | 80 |
| ACC | 1860.7 | 1900 |
| ADANIENSOL | 848.85 | 880 |
| ADANIENT | 2488.5 | 2600 |
| ADANIGREEN | 977.5 | 1020 |
| ADANIPORTS | 1392.3 | 1420 |
| ALKEM | 4813 | 4900 |
| AMBUJACEM | 550.9 | 565 |
| ANGELONE | 2873.6 | 3000 |
| APLAPOLLO | 1833.4 | 1840 |
| APOLLOHOSP | 7006.5 | 7000 |
| ASHOKLEY | 234.52 | 240 |
| ASIANPAINT | 2264.8 | 2260 |
| ASTRAL | 1564 | 1520 |
| ATGL | 646.85 | 680 |
| AUBANK | 773.15 | 760 |
| AUROPHARMA | 1109.7 | 1160 |
| AXISBANK | 1215.1 | 1200 |
| BAJAJ-AUTO | 8494.5 | 8600 |
| BAJAJFINSV | 2003.3 | 2000 |
| BAJFINANCE | 923 | 930 |
| BALKRISIND | 2447.7 | 2480 |
| BANDHANBNK | 175.01 | 175 |
| BANKBARODA | 238.04 | 241.65 |
| BANKINDIA | 119.65 | 120 |
| BDL | 1903.4 | 1900 |
| BEL | 401.75 | 390 |
| BHARATFORG | 1300.5 | 1300 |
| BHARTIARTL | 1854.8 | 1860 |
| BHEL | 252.35 | 255 |
| BIOCON | 352.65 | 350 |
| BLUESTARCO | 1669.9 | 1600 |
| BOSCHLTD | 32215 | 32000 |
| BPCL | 312.8 | 320 |
| BRITANNIA | 5568.5 | 5550 |
| BSE | 2664.4 | 2700 |
| BSOFT | 423.15 | 420 |
| CAMS | 4181.4 | 4150 |
| CANBK | 109.23 | 110 |
| CDSL | 1686.8 | 1700 |
| CESC | 163 | 167.5 |
| CGPOWER | 694.1 | 690 |
| CHAMBLFERT | 555.45 | 560 |
| CHOLAFIN | 1555.2 | 1580 |
| CIPLA | 1503.5 | 1500 |
| COALINDIA | 391.3 | 400 |
| COFORGE | 1840.5 | 1760 |
| COLPAL | 2382 | 2440 |
| CONCOR | 750.75 | 770 |
| CROMPTON | 349.55 | 350 |
| CUMMINSIND | 3316.5 | 3300 |
| CYIENT | 1331.6 | 1340 |
| DABUR | 472.05 | 480 |
| DALBHARAT | 2062 | 2080 |
| DELHIVERY | 358.75 | 365 |
| DIVISLAB | 6538 | 6650 |
| DIXON | 14243 | 14750 |
| DLF | 851.45 | 840 |
| DMART | 4059.1 | 4100 |
| DRREDDY | 1318.8 | 1300 |
| EICHERMOT | 5341 | 5350 |
| ETERNAL | 247.25 | 250 |
| EXIDEIND | 382.95 | 390 |
| FEDERALBNK | 204.77 | 207.5 |
| FORTIS | 761.55 | 750 |
| GAIL | 190.47 | 195 |
| GLENMARK | 1653.2 | 1600 |
| GMRAIRPORT | 82.76 | 85 |
| GODREJCP | 1195.6 | 1220 |
| GODREJPROP | 2455.7 | 2400 |
| GRANULES | 498.15 | 520 |
| GRASIM | 2671.4 | 2680 |
| HAL | 5047.3 | 5000 |
| HAVELLS | 1528.6 | 1560 |
| HCLTECH | 1729.6 | 1680 |
| HDFCAMC | 4983.9 | 4960 |
| HDFCBANK | 1929.6 | 1940 |
| HDFCLIFE | 773.95 | 760 |
| HEROMOTOCO | 4371 | 4300 |
| HFCL | 81.91 | 87 |
| HINDALCO | 641.7 | 650 |
| HINDCOPPER | 252.71 | 250 |
| HINDPETRO | 393.25 | 400 |
| HINDUNILVR | 2328.6 | 2340 |
| HINDZINC | 486.35 | 500 |
| HUDCO | 224.7 | 235 |
| ICICIBANK | 1423.2 | 1440 |
| ICICIGI | 1916.6 | 1940 |
| ICICIPRULI | 640.3 | 640 |
| IDEA | 6.6 | 7 |
| IDFCFIRSTB | 70.15 | 70 |
| IEX | 186.76 | 195 |
| IGL | 208.91 | 210 |
| IIFL | 487.65 | 480 |
| INDHOTEL | 756.65 | 770 |
| INDIANB | 634.05 | 623.75 |
| INDIGO | 5310.5 | 5400 |
| INDUSINDBK | 809.15 | 820 |
| INDUSTOWER | 392.1 | 390 |
| INFY | 1639.9 | 1600 |
| INOXWIND | 169.17 | 180 |
| IOC | 141.68 | 144 |
| IRB | 49.3 | 51 |
| IRCTC | 768.7 | 780 |
| IREDA | 164.97 | 175 |
| IRFC | 137.83 | 140 |
| ITC | 417.4 | 420 |
| JINDALSTEL | 891 | 930 |
| JIOFIN | 289.8 | 295 |
| JSL | 687.15 | 690 |
| JSWENERGY | 503.35 | 510 |
| JSWSTEEL | 999.65 | 1000 |
| JUBLFOOD | 677.65 | 680 |
| KALYANKJIL | 514.55 | 540 |
| KAYNES | 5644 | 5600 |
| KEI | 3612.7 | 3650 |
| KOTAKBANK | 2136.8 | 2120 |
| KPITTECH | 1400.6 | 1380 |
| LAURUSLABS | 660.55 | 650 |
| LICHSGFIN | 600.75 | 600 |
| LICI | 947.45 | 950 |
| LODHA | 1446 | 1460 |
| LT | 3622.3 | 3620 |
| LTF | 190.04 | 185 |
| LTIM | 5514.5 | 5400 |
| LUPIN | 1944 | 2000 |
| M&M | 3007.2 | 3050 |
| M&MFIN | 269.3 | 270 |
| MANAPPURAM | 269.92 | 240 |
| MANKIND | 2353.2 | 2400 |
| MARICO | 686.85 | 700 |
| MARUTI | 12595 | 12400 |
| MAXHEALTH | 1226.8 | 1220 |
| MAZDOCK | 3305.9 | 3300 |
| MCX | 7925.5 | 7600 |
| MFSL | 1585.8 | 1540 |
| MGL | 1433.5 | 1380 |
| MOTHERSON | 150.8 | 155 |
| MPHASIS | 2693.4 | 2620 |
| MUTHOOTFIN | 2645.7 | 2500 |
| NATIONALUM | 185.17 | 190 |
| NAUKRI | 1475.4 | 1500 |
| NBCC | 120.14 | 120 |
| NCC | 225.77 | 232.5 |
| NESTLEIND | 2362 | 2380 |
| NHPC | 85.07 | 88 |
| NMDC | 68.63 | 71 |
| NTPC | 335.2 | 340 |
| NYKAA | 194.06 | 197.5 |
| OBEROIRLTY | 1911.2 | 1880 |
| OFSS | 9732.5 | 9400 |
| OIL | 478.2 | 460 |
| ONGC | 252.31 | 250 |
| PAGEIND | 45830 | 46000 |
| PATANJALI | 1657.8 | 1700 |
| PAYTM | 865.15 | 880 |
| PEL | 1127.2 | 1140 |
| PERSISTENT | 6068 | 5800 |
| PETRONET | 297.1 | 310 |
| PFC | 403.1 | 420 |
| PHOENIXLTD | 1613.5 | 1600 |
| PIDILITIND | 3018.3 | 3020 |
| PIIND | 4172.3 | 4050 |
| PNB | 105.88 | 107 |
| PNBHOUSING | 1061.2 | 1080 |
| POLICYBZR | 1950.1 | 1880 |
| POLYCAB | 6041.5 | 6000 |
| POONAWALLA | 420.9 | 420 |
| POWERGRID | 288.55 | 292.5 |
| PPLPHARMA | 195.26 | 200 |
| PRESTIGE | 1694.7 | 1620 |
| RBLBANK | 218.65 | 220 |
| RECLTD | 399.15 | 410 |
| RELIANCE | 1431.2 | 1440 |
| RVNL | 400.65 | 410 |
| SAIL | 126.91 | 130 |
| SBICARD | 991 | 970 |
| SBILIFE | 1800.2 | 1800 |
| SBIN | 792.3 | 810 |
| SHREECEM | 29620 | 29750 |
| SHRIRAMFIN | 665 | 670 |
| SIEMENS | 3321.6 | 3300 |
| SJVN | 97.5 | 100 |
| SOLARINDS | 17155 | 16750 |
| SONACOMS | 479.95 | 500 |
| SRF | 3096.4 | 3050 |
| SUNPHARMA | 1650.2 | 1680 |
| SUPREMEIND | 4644.4 | 4500 |
| SYNGENE | 649.15 | 650 |
| TATACHEM | 935.2 | 930 |
| TATACOMM | 1709.6 | 1700 |
| TATACONSUM | 1071.6 | 1090 |
| TATAELXSI | 6418 | 6400 |
| TATAMOTORS | 674.75 | 700 |
| TATAPOWER | 396.05 | 405 |
| TATASTEEL | 152.6 | 155 |
| TATATECH | 739.3 | 760 |
| TCS | 3515.3 | 3480 |
| TECHM | 1718.6 | 1660 |
| TIINDIA | 2904.1 | 3000 |
| TITAGARH | 885.1 | 920 |
| TITAN | 3405.7 | 3480 |
| TORNTPHARM | 3255.4 | 3200 |
| TORNTPOWER | 1406.8 | 1420 |
| TRENT | 5626.5 | 5700 |
| TVSMOTOR | 2777.2 | 2780 |
| ULTRACEMCO | 11383 | 11300 |
| UNIONBANK | 144.96 | 147.5 |
| UNITDSPR | 1474.8 | 1500 |
| UNOMINDA | 1049.5 | 1060 |
| UPL | 646.1 | 640 |
| USDINR | 86.37 | 85.5 |
| VBL | 470.35 | 480 |
| VEDL | 458.95 | 450 |
| VOLTAS | 1294.2 | 1280 |
| WIPRO | 262.91 | 260 |
| YESBANK | 19.94 | 21 |
| ZOMATO | 0 | 200 |
| ZYDUSLIFE | 957.65 | 960 |
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.
