LT
Larsen & Toubro Ltd.
Max pain for LT
02 Apr 2025 10:21 AM IST
Max Pain for LT is 3500
Strike 3000 has a total call value of 0 versus a total put value of 92,265,150,000 Combined total value = 92,265,150,000
Strike 3020 has a total call value of 0 versus a total put value of 87,610,050,000 Combined total value = 87,610,050,000
Strike 3040 has a total call value of 0 versus a total put value of 82,954,950,000 Combined total value = 82,954,950,000
Strike 3050 has a total call value of 0 versus a total put value of 80,627,400,000 Combined total value = 80,627,400,000
Strike 3060 has a total call value of 0 versus a total put value of 78,299,850,000 Combined total value = 78,299,850,000
Strike 3080 has a total call value of 0 versus a total put value of 73,644,750,000 Combined total value = 73,644,750,000
Strike 3100 has a total call value of 0 versus a total put value of 68,989,650,000 Combined total value = 68,989,650,000
Strike 3120 has a total call value of 10,500,000 versus a total put value of 64,493,850,000 Combined total value = 64,504,350,000
Strike 3140 has a total call value of 21,000,000 versus a total put value of 60,015,750,000 Combined total value = 60,036,750,000
Strike 3150 has a total call value of 26,250,000 versus a total put value of 57,776,700,000 Combined total value = 57,802,950,000
Strike 3160 has a total call value of 31,500,000 versus a total put value of 55,576,950,000 Combined total value = 55,608,450,000
Strike 3180 has a total call value of 42,000,000 versus a total put value of 51,198,150,000 Combined total value = 51,240,150,000
Strike 3200 has a total call value of 52,500,000 versus a total put value of 46,819,350,000 Combined total value = 46,871,850,000
Strike 3220 has a total call value of 63,000,000 versus a total put value of 42,739,050,000 Combined total value = 42,802,050,000
Strike 3240 has a total call value of 73,500,000 versus a total put value of 38,674,950,000 Combined total value = 38,748,450,000
Strike 3250 has a total call value of 78,750,000 versus a total put value of 36,685,350,000 Combined total value = 36,764,100,000
Strike 3260 has a total call value of 94,650,000 versus a total put value of 34,768,200,000 Combined total value = 34,862,850,000
Strike 3280 has a total call value of 126,450,000 versus a total put value of 31,010,700,000 Combined total value = 31,137,150,000
Strike 3300 has a total call value of 158,250,000 versus a total put value of 27,316,800,000 Combined total value = 27,475,050,000
Strike 3320 has a total call value of 339,450,000 versus a total put value of 24,129,300,000 Combined total value = 24,468,750,000
Strike 3340 has a total call value of 520,650,000 versus a total put value of 20,996,700,000 Combined total value = 21,517,350,000
Strike 3350 has a total call value of 611,250,000 versus a total put value of 19,461,450,000 Combined total value = 20,072,700,000
Strike 3360 has a total call value of 701,850,000 versus a total put value of 18,030,600,000 Combined total value = 18,732,450,000
Strike 3380 has a total call value of 903,750,000 versus a total put value of 15,235,800,000 Combined total value = 16,139,550,000
Strike 3400 has a total call value of 1,135,950,000 versus a total put value of 12,502,200,000 Combined total value = 13,638,150,000
Strike 3420 has a total call value of 1,965,750,000 versus a total put value of 10,344,900,000 Combined total value = 12,310,650,000
Strike 3440 has a total call value of 2,840,550,000 versus a total put value of 8,245,800,000 Combined total value = 11,086,350,000
Strike 3450 has a total call value of 3,309,750,000 versus a total put value of 7,245,600,000 Combined total value = 10,555,350,000
Strike 3460 has a total call value of 3,899,250,000 versus a total put value of 6,361,650,000 Combined total value = 10,260,900,000
Strike 3480 has a total call value of 5,165,250,000 versus a total put value of 4,724,850,000 Combined total value = 9,890,100,000
Strike 3500 has a total call value of 6,509,550,000 versus a total put value of 3,230,550,000 Combined total value = 9,740,100,000
Strike 3520 has a total call value of 8,974,950,000 versus a total put value of 2,491,650,000 Combined total value = 11,466,600,000
Strike 3540 has a total call value of 11,647,950,000 versus a total put value of 1,805,850,000 Combined total value = 13,453,800,000
Strike 3550 has a total call value of 13,050,300,000 versus a total put value of 1,476,000,000 Combined total value = 14,526,300,000
Strike 3560 has a total call value of 14,669,850,000 versus a total put value of 1,205,250,000 Combined total value = 15,875,100,000
Strike 3580 has a total call value of 17,968,350,000 versus a total put value of 663,750,000 Combined total value = 18,632,100,000
Strike 3600 has a total call value of 21,451,050,000 versus a total put value of 122,250,000 Combined total value = 21,573,300,000
Strike 3620 has a total call value of 25,882,050,000 versus a total put value of 73,350,000 Combined total value = 25,955,400,000
Strike 3640 has a total call value of 30,358,950,000 versus a total put value of 24,450,000 Combined total value = 30,383,400,000
Strike 3650 has a total call value of 32,620,200,000 versus a total put value of 0 Combined total value = 32,620,200,000
Strike 3660 has a total call value of 34,967,550,000 versus a total put value of 0 Combined total value = 34,967,550,000
Strike 3680 has a total call value of 39,675,750,000 versus a total put value of 0 Combined total value = 39,675,750,000
Strike 3700 has a total call value of 44,463,750,000 versus a total put value of 0 Combined total value = 44,463,750,000
Strike 3720 has a total call value of 49,660,650,000 versus a total put value of 0 Combined total value = 49,660,650,000
Strike 3740 has a total call value of 54,878,250,000 versus a total put value of 0 Combined total value = 54,878,250,000
Strike 3750 has a total call value of 57,495,600,000 versus a total put value of 0 Combined total value = 57,495,600,000
Strike 3760 has a total call value of 60,185,100,000 versus a total put value of 0 Combined total value = 60,185,100,000
Strike 3780 has a total call value of 65,591,400,000 versus a total put value of 0 Combined total value = 65,591,400,000
Strike 3800 has a total call value of 70,997,700,000 versus a total put value of 0 Combined total value = 70,997,700,000
Strike 3820 has a total call value of 76,886,400,000 versus a total put value of 0 Combined total value = 76,886,400,000
Strike 3840 has a total call value of 82,775,100,000 versus a total put value of 0 Combined total value = 82,775,100,000
Strike 3850 has a total call value of 85,725,000,000 versus a total put value of 0 Combined total value = 85,725,000,000
Strike 3860 has a total call value of 88,700,100,000 versus a total put value of 0 Combined total value = 88,700,100,000
Strike 3880 has a total call value of 94,650,300,000 versus a total put value of 0 Combined total value = 94,650,300,000
Strike 3900 has a total call value of 100,600,500,000 versus a total put value of 0 Combined total value = 100,600,500,000
Strike 3920 has a total call value of 106,850,100,000 versus a total put value of 0 Combined total value = 106,850,100,000
Strike 3940 has a total call value of 113,099,700,000 versus a total put value of 0 Combined total value = 113,099,700,000
Strike 3950 has a total call value of 116,224,500,000 versus a total put value of 0 Combined total value = 116,224,500,000
Strike 3960 has a total call value of 119,349,300,000 versus a total put value of 0 Combined total value = 119,349,300,000
Strike 3980 has a total call value of 125,611,500,000 versus a total put value of 0 Combined total value = 125,611,500,000
Strike 4000 has a total call value of 131,873,700,000 versus a total put value of 0 Combined total value = 131,873,700,000
Strike 4020 has a total call value of 138,536,400,000 versus a total put value of 0 Combined total value = 138,536,400,000
Strike 4040 has a total call value of 145,199,100,000 versus a total put value of 0 Combined total value = 145,199,100,000
Strike 4050 has a total call value of 148,530,450,000 versus a total put value of 0 Combined total value = 148,530,450,000
Strike 4060 has a total call value of 151,861,800,000 versus a total put value of 0 Combined total value = 151,861,800,000
Strike 4080 has a total call value of 158,524,500,000 versus a total put value of 0 Combined total value = 158,524,500,000
Strike 4100 has a total call value of 165,187,200,000 versus a total put value of 0 Combined total value = 165,187,200,000
Strike 4120 has a total call value of 171,849,900,000 versus a total put value of 0 Combined total value = 171,849,900,000
Strike 4140 has a total call value of 178,512,600,000 versus a total put value of 0 Combined total value = 178,512,600,000
Strike 4150 has a total call value of 181,843,950,000 versus a total put value of 0 Combined total value = 181,843,950,000
Strike 4160 has a total call value of 185,175,300,000 versus a total put value of 0 Combined total value = 185,175,300,000
Strike 4180 has a total call value of 191,838,000,000 versus a total put value of 0 Combined total value = 191,838,000,000
Strike 4200 has a total call value of 198,500,700,000 versus a total put value of 0 Combined total value = 198,500,700,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 3431.45 | 400 |
| ABB | 3431.45 | 5500 |
| ABCAPITAL | 3431.45 | 185 |
| ABFRL | 3431.45 | 265 |
| ACC | 3431.45 | 2000 |
| ADANIENSOL | 3431.45 | 860 |
| ADANIENT | 3431.45 | 2500 |
| ADANIGREEN | 3431.45 | 920 |
| ADANIPORTS | 3431.45 | 1200 |
| ALKEM | 3431.45 | 4900 |
| AMBUJACEM | 3431.45 | 540 |
| ANGELONE | 3431.45 | 2300 |
| APLAPOLLO | 3431.45 | 1500 |
| APOLLOHOSP | 3431.45 | 6600 |
| APOLLOTYRE | 3431.45 | 430 |
| ASHOKLEY | 3431.45 | 210 |
| ASIANPAINT | 3431.45 | 2340 |
| ASTRAL | 3431.45 | 1300 |
| ATGL | 3431.45 | 600 |
| AUBANK | 3431.45 | 550 |
| AUROPHARMA | 3431.45 | 1160 |
| AXISBANK | 3431.45 | 1100 |
| BAJAJ-AUTO | 3431.45 | 8000 |
| BAJAJFINSV | 3431.45 | 1960 |
| BAJFINANCE | 3431.45 | 8800 |
| BALKRISIND | 3431.45 | 2560 |
| BANDHANBNK | 3431.45 | 150 |
| BANKBARODA | 3431.45 | 230 |
| BANKINDIA | 3431.45 | 110 |
| BEL | 3431.45 | 290 |
| BERGEPAINT | 3431.45 | 500 |
| BHARATFORG | 3431.45 | 1160 |
| BHARTIARTL | 3431.45 | 1740 |
| BHEL | 3431.45 | 220 |
| BIOCON | 3431.45 | 345 |
| BOSCHLTD | 3431.45 | 28000 |
| BPCL | 3431.45 | 280 |
| BRITANNIA | 3431.45 | 4900 |
| BSE | 3431.45 | 5200 |
| BSOFT | 3431.45 | 400 |
| CAMS | 3431.45 | 3700 |
| CANBK | 3431.45 | 90 |
| CDSL | 3431.45 | 1200 |
| CESC | 3431.45 | 155 |
| CGPOWER | 3431.45 | 640 |
| CHAMBLFERT | 3431.45 | 610 |
| CHOLAFIN | 3431.45 | 1500 |
| CIPLA | 3431.45 | 1480 |
| COALINDIA | 3431.45 | 400 |
| COFORGE | 3431.45 | 7900 |
| COLPAL | 3431.45 | 2400 |
| CONCOR | 3431.45 | 700 |
| CROMPTON | 3431.45 | 355 |
| CUMMINSIND | 3431.45 | 3000 |
| CYIENT | 3431.45 | 1300 |
| DABUR | 3431.45 | 500 |
| DALBHARAT | 3431.45 | 1800 |
| DEEPAKNTR | 3431.45 | 2000 |
| DELHIVERY | 3431.45 | 260 |
| DIVISLAB | 3431.45 | 5650 |
| DIXON | 3431.45 | 13500 |
| DLF | 3431.45 | 680 |
| DMART | 3431.45 | 4050 |
| DRREDDY | 3431.45 | 1150 |
| EICHERMOT | 3431.45 | 5350 |
| ESCORTS | 3431.45 | 3250 |
| EXIDEIND | 3431.45 | 365 |
| FEDERALBNK | 3431.45 | 195 |
| GAIL | 3431.45 | 182.5 |
| GLENMARK | 3431.45 | 1500 |
| GMRAIRPORT | 3431.45 | 77 |
| GODREJCP | 3431.45 | 1130 |
| GODREJPROP | 3431.45 | 2100 |
| GOLDM | 3431.45 | 89000 |
| GRANULES | 3431.45 | 500 |
| GRASIM | 3431.45 | 2580 |
| HAL | 3431.45 | 4200 |
| HAVELLS | 3431.45 | 1500 |
| HCLTECH | 3431.45 | 1580 |
| HDFCAMC | 3431.45 | 4000 |
| HDFCBANK | 3431.45 | 1800 |
| HDFCLIFE | 3431.45 | 690 |
| HEROMOTOCO | 3431.45 | 3750 |
| HFCL | 3431.45 | 82 |
| HINDALCO | 3431.45 | 680 |
| HINDCOPPER | 3431.45 | 225 |
| HINDPETRO | 3431.45 | 360 |
| HINDUNILVR | 3431.45 | 2260 |
| HINDZINC | 3431.45 | 450 |
| HUDCO | 3431.45 | 200 |
| ICICIBANK | 3431.45 | 1340 |
| ICICIGI | 3431.45 | 1800 |
| ICICIPRULI | 3431.45 | 575 |
| IDEA | 3431.45 | 8 |
| IDFCFIRSTB | 3431.45 | 58 |
| IEX | 3431.45 | 177.5 |
| IGL | 3431.45 | 200 |
| IIFL | 3431.45 | 330 |
| INDHOTEL | 3431.45 | 810 |
| INDIANB | 3431.45 | 550 |
| INDIGO | 3431.45 | 5000 |
| INDUSINDBK | 3431.45 | 690 |
| INDUSTOWER | 3431.45 | 350 |
| INFY | 3431.45 | 1580 |
| INOXWIND | 3431.45 | 160 |
| IOC | 3431.45 | 132 |
| IRB | 3431.45 | 45 |
| IRCTC | 3431.45 | 730 |
| IREDA | 3431.45 | 152.5 |
| IRFC | 3431.45 | 125 |
| ITC | 3431.45 | 410 |
| JINDALSTEL | 3431.45 | 920 |
| JIOFIN | 3431.45 | 230 |
| JSL | 3431.45 | 600 |
| JSWENERGY | 3431.45 | 540 |
| JSWSTEEL | 3431.45 | 1050 |
| JUBLFOOD | 3431.45 | 660 |
| KALYANKJIL | 3431.45 | 470 |
| KEI | 3431.45 | 2900 |
| KOTAKBANK | 3431.45 | 2140 |
| KPITTECH | 3431.45 | 1300 |
| LAURUSLABS | 3431.45 | 600 |
| LICHSGFIN | 3431.45 | 560 |
| LICI | 3431.45 | 800 |
| LODHA | 3431.45 | 1200 |
| LT | 3431.45 | 3500 |
| LTF | 3431.45 | 150 |
| LTIM | 3431.45 | 4500 |
| LUPIN | 3431.45 | 2000 |
| M&M | 3431.45 | 2700 |
| M&MFIN | 3431.45 | 280 |
| MANAPPURAM | 3431.45 | 230 |
| MARICO | 3431.45 | 650 |
| MARUTI | 3431.45 | 11600 |
| MAXHEALTH | 3431.45 | 1120 |
| MCX | 3431.45 | 5400 |
| MFSL | 3431.45 | 1140 |
| MGL | 3431.45 | 1380 |
| MOTHERSON | 3431.45 | 132.5 |
| MPHASIS | 3431.45 | 2500 |
| MRF | 3431.45 | 114000 |
| MUTHOOTFIN | 3431.45 | 2220 |
| NATIONALUM | 3431.45 | 180 |
| NAUKRI | 3431.45 | 7000 |
| NBCC | 3431.45 | 82.5 |
| NCC | 3431.45 | 210 |
| NESTLEIND | 3431.45 | 2220 |
| NHPC | 3431.45 | 84 |
| NMDC | 3431.45 | 69.7 |
| NTPC | 3431.45 | 360 |
| NYKAA | 3431.45 | 175 |
| OBEROIRLTY | 3431.45 | 1600 |
| OFSS | 3431.45 | 7900 |
| OIL | 3431.45 | 390 |
| ONGC | 3431.45 | 250 |
| PAGEIND | 3431.45 | 42000 |
| PATANJALI | 3431.45 | 1800 |
| PAYTM | 3431.45 | 800 |
| PEL | 3431.45 | 1000 |
| PERSISTENT | 3431.45 | 5400 |
| PETRONET | 3431.45 | 300 |
| PFC | 3431.45 | 420 |
| PHOENIXLTD | 3431.45 | 1600 |
| PIDILITIND | 3431.45 | 2840 |
| PIIND | 3431.45 | 3500 |
| PNB | 3431.45 | 97 |
| PNBHOUSING | 3431.45 | 880 |
| POLICYBZR | 3431.45 | 1580 |
| POLYCAB | 3431.45 | 5100 |
| POONAWALLA | 3431.45 | 340 |
| POWERGRID | 3431.45 | 290 |
| PRESTIGE | 3431.45 | 1200 |
| RAMCOCEM | 3431.45 | 900 |
| RBLBANK | 3431.45 | 175 |
| RECLTD | 3431.45 | 430 |
| RELIANCE | 3431.45 | 1280 |
| SAIL | 3431.45 | 120 |
| SBICARD | 3431.45 | 860 |
| SBILIFE | 3431.45 | 1540 |
| SBIN | 3431.45 | 780 |
| SHREECEM | 3431.45 | 30500 |
| SHRIRAMFIN | 3431.45 | 650 |
| SIEMENS | 3431.45 | 5300 |
| SILVER | 3431.45 | 100000 |
| SJVN | 3431.45 | 92.5 |
| SOLARINDS | 3431.45 | 11100 |
| SONACOMS | 3431.45 | 460 |
| SRF | 3431.45 | 2900 |
| SUNPHARMA | 3431.45 | 1720 |
| SUPREMEIND | 3431.45 | 3500 |
| SYNGENE | 3431.45 | 720 |
| TATACHEM | 3431.45 | 860 |
| TATACOMM | 3431.45 | 1600 |
| TATACONSUM | 3431.45 | 1030 |
| TATAELXSI | 3431.45 | 5100 |
| TATAMOTORS | 3431.45 | 690 |
| TATAPOWER | 3431.45 | 390 |
| TATASTEEL | 3431.45 | 155 |
| TATATECH | 3431.45 | 680 |
| TCS | 3431.45 | 3600 |
| TECHM | 3431.45 | 1420 |
| TIINDIA | 3431.45 | 2750 |
| TITAGARH | 3431.45 | 800 |
| TITAN | 3431.45 | 3060 |
| TORNTPHARM | 3431.45 | 3200 |
| TORNTPOWER | 3431.45 | 1500 |
| TRENT | 3431.45 | 5500 |
| TVSMOTOR | 3431.45 | 2440 |
| ULTRACEMCO | 3431.45 | 11300 |
| UNIONBANK | 3431.45 | 124 |
| UNITDSPR | 3431.45 | 1400 |
| UPL | 3431.45 | 640 |
| VBL | 3431.45 | 530 |
| VEDL | 3431.45 | 470 |
| VOLTAS | 3431.45 | 1380 |
| WIPRO | 3431.45 | 265 |
| YESBANK | 3431.45 | 17 |
| ZOMATO | 3431.45 | 210 |
| ZYDUSLIFE | 3431.45 | 900 |
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.
