LT
Larsen & Toubro Ltd.
Max pain for LT
04 Apr 2025 04:11 PM IST
Max Pain for LT is 3360
Strike 2800 has a total call value of 0 versus a total put value of 208,797,300,000 Combined total value = 208,797,300,000
Strike 2820 has a total call value of 0 versus a total put value of 201,085,200,000 Combined total value = 201,085,200,000
Strike 2840 has a total call value of 0 versus a total put value of 193,373,100,000 Combined total value = 193,373,100,000
Strike 2850 has a total call value of 0 versus a total put value of 189,517,050,000 Combined total value = 189,517,050,000
Strike 2860 has a total call value of 0 versus a total put value of 185,661,000,000 Combined total value = 185,661,000,000
Strike 2880 has a total call value of 0 versus a total put value of 177,948,900,000 Combined total value = 177,948,900,000
Strike 2900 has a total call value of 0 versus a total put value of 170,236,800,000 Combined total value = 170,236,800,000
Strike 2920 has a total call value of 0 versus a total put value of 162,735,600,000 Combined total value = 162,735,600,000
Strike 2940 has a total call value of 0 versus a total put value of 155,250,600,000 Combined total value = 155,250,600,000
Strike 2950 has a total call value of 0 versus a total put value of 151,508,100,000 Combined total value = 151,508,100,000
Strike 2960 has a total call value of 0 versus a total put value of 147,824,700,000 Combined total value = 147,824,700,000
Strike 2980 has a total call value of 0 versus a total put value of 140,475,300,000 Combined total value = 140,475,300,000
Strike 3000 has a total call value of 0 versus a total put value of 133,125,900,000 Combined total value = 133,125,900,000
Strike 3020 has a total call value of 46,800,000 versus a total put value of 126,207,600,000 Combined total value = 126,254,400,000
Strike 3040 has a total call value of 93,600,000 versus a total put value of 119,289,300,000 Combined total value = 119,382,900,000
Strike 3050 has a total call value of 117,000,000 versus a total put value of 115,854,900,000 Combined total value = 115,971,900,000
Strike 3060 has a total call value of 140,400,000 versus a total put value of 112,489,350,000 Combined total value = 112,629,750,000
Strike 3080 has a total call value of 187,200,000 versus a total put value of 105,758,250,000 Combined total value = 105,945,450,000
Strike 3100 has a total call value of 234,000,000 versus a total put value of 99,080,250,000 Combined total value = 99,314,250,000
Strike 3120 has a total call value of 294,300,000 versus a total put value of 92,774,550,000 Combined total value = 93,068,850,000
Strike 3140 has a total call value of 354,600,000 versus a total put value of 86,545,050,000 Combined total value = 86,899,650,000
Strike 3150 has a total call value of 387,150,000 versus a total put value of 83,444,250,000 Combined total value = 83,831,400,000
Strike 3160 has a total call value of 457,350,000 versus a total put value of 80,400,750,000 Combined total value = 80,858,100,000
Strike 3180 has a total call value of 605,250,000 versus a total put value of 74,391,450,000 Combined total value = 74,996,700,000
Strike 3200 has a total call value of 762,150,000 versus a total put value of 68,452,950,000 Combined total value = 69,215,100,000
Strike 3220 has a total call value of 1,046,550,000 versus a total put value of 62,909,550,000 Combined total value = 63,956,100,000
Strike 3240 has a total call value of 1,358,850,000 versus a total put value of 57,529,950,000 Combined total value = 58,888,800,000
Strike 3250 has a total call value of 1,542,600,000 versus a total put value of 54,944,700,000 Combined total value = 56,487,300,000
Strike 3260 has a total call value of 1,801,650,000 versus a total put value of 52,506,150,000 Combined total value = 54,307,800,000
Strike 3280 has a total call value of 2,447,550,000 versus a total put value of 47,878,950,000 Combined total value = 50,326,500,000
Strike 3300 has a total call value of 3,300,750,000 versus a total put value of 43,431,150,000 Combined total value = 46,731,900,000
Strike 3320 has a total call value of 4,753,950,000 versus a total put value of 39,493,350,000 Combined total value = 44,247,300,000
Strike 3340 has a total call value of 6,328,650,000 versus a total put value of 35,652,450,000 Combined total value = 41,981,100,000
Strike 3350 has a total call value of 7,320,150,000 versus a total put value of 33,764,100,000 Combined total value = 41,084,250,000
Strike 3360 has a total call value of 9,043,200,000 versus a total put value of 31,965,750,000 Combined total value = 41,008,950,000
Strike 3380 has a total call value of 12,781,500,000 versus a total put value of 28,457,550,000 Combined total value = 41,239,050,000
Strike 3400 has a total call value of 16,811,100,000 versus a total put value of 24,988,650,000 Combined total value = 41,799,750,000
Strike 3420 has a total call value of 21,911,100,000 versus a total put value of 22,153,650,000 Combined total value = 44,064,750,000
Strike 3440 has a total call value of 27,319,800,000 versus a total put value of 19,436,550,000 Combined total value = 46,756,350,000
Strike 3450 has a total call value of 30,165,000,000 versus a total put value of 18,139,350,000 Combined total value = 48,304,350,000
Strike 3460 has a total call value of 33,312,300,000 versus a total put value of 16,928,250,000 Combined total value = 50,240,550,000
Strike 3480 has a total call value of 40,996,200,000 versus a total put value of 14,666,850,000 Combined total value = 55,663,050,000
Strike 3500 has a total call value of 49,007,400,000 versus a total put value of 12,536,550,000 Combined total value = 61,543,950,000
Strike 3520 has a total call value of 59,245,200,000 versus a total put value of 11,178,750,000 Combined total value = 70,423,950,000
Strike 3540 has a total call value of 70,054,800,000 versus a total put value of 9,873,150,000 Combined total value = 79,927,950,000
Strike 3550 has a total call value of 75,570,000,000 versus a total put value of 9,233,250,000 Combined total value = 84,803,250,000
Strike 3560 has a total call value of 81,398,250,000 versus a total put value of 8,655,600,000 Combined total value = 90,053,850,000
Strike 3580 has a total call value of 93,144,750,000 versus a total put value of 7,500,300,000 Combined total value = 100,645,050,000
Strike 3600 has a total call value of 105,034,050,000 versus a total put value of 6,345,000,000 Combined total value = 111,379,050,000
Strike 3620 has a total call value of 118,391,550,000 versus a total put value of 5,673,000,000 Combined total value = 124,064,550,000
Strike 3640 has a total call value of 131,811,150,000 versus a total put value of 5,001,000,000 Combined total value = 136,812,150,000
Strike 3650 has a total call value of 138,549,000,000 versus a total put value of 4,665,000,000 Combined total value = 143,214,000,000
Strike 3660 has a total call value of 145,380,150,000 versus a total put value of 4,329,000,000 Combined total value = 149,709,150,000
Strike 3680 has a total call value of 159,067,950,000 versus a total put value of 3,657,000,000 Combined total value = 162,724,950,000
Strike 3700 has a total call value of 172,800,150,000 versus a total put value of 2,985,000,000 Combined total value = 175,785,150,000
Strike 3720 has a total call value of 187,101,750,000 versus a total put value of 2,670,000,000 Combined total value = 189,771,750,000
Strike 3740 has a total call value of 201,433,350,000 versus a total put value of 2,355,000,000 Combined total value = 203,788,350,000
Strike 3750 has a total call value of 208,612,800,000 versus a total put value of 2,197,500,000 Combined total value = 210,810,300,000
Strike 3760 has a total call value of 215,834,700,000 versus a total put value of 2,040,000,000 Combined total value = 217,874,700,000
Strike 3780 has a total call value of 230,312,100,000 versus a total put value of 1,725,000,000 Combined total value = 232,037,100,000
Strike 3800 has a total call value of 244,789,500,000 versus a total put value of 1,410,000,000 Combined total value = 246,199,500,000
Strike 3820 has a total call value of 259,759,200,000 versus a total put value of 1,269,000,000 Combined total value = 261,028,200,000
Strike 3840 has a total call value of 274,728,900,000 versus a total put value of 1,128,000,000 Combined total value = 275,856,900,000
Strike 3850 has a total call value of 282,218,550,000 versus a total put value of 1,057,500,000 Combined total value = 283,276,050,000
Strike 3860 has a total call value of 289,736,400,000 versus a total put value of 987,000,000 Combined total value = 290,723,400,000
Strike 3880 has a total call value of 304,772,100,000 versus a total put value of 846,000,000 Combined total value = 305,618,100,000
Strike 3900 has a total call value of 319,807,800,000 versus a total put value of 705,000,000 Combined total value = 320,512,800,000
Strike 3920 has a total call value of 335,070,900,000 versus a total put value of 564,000,000 Combined total value = 335,634,900,000
Strike 3940 has a total call value of 350,344,200,000 versus a total put value of 423,000,000 Combined total value = 350,767,200,000
Strike 3950 has a total call value of 357,980,850,000 versus a total put value of 352,500,000 Combined total value = 358,333,350,000
Strike 3960 has a total call value of 365,617,500,000 versus a total put value of 282,000,000 Combined total value = 365,899,500,000
Strike 3980 has a total call value of 380,903,700,000 versus a total put value of 141,000,000 Combined total value = 381,044,700,000
Strike 4000 has a total call value of 396,189,900,000 versus a total put value of 0 Combined total value = 396,189,900,000
Strike 4020 has a total call value of 411,849,300,000 versus a total put value of 0 Combined total value = 411,849,300,000
Strike 4040 has a total call value of 427,508,700,000 versus a total put value of 0 Combined total value = 427,508,700,000
Strike 4050 has a total call value of 435,338,400,000 versus a total put value of 0 Combined total value = 435,338,400,000
Strike 4060 has a total call value of 443,168,100,000 versus a total put value of 0 Combined total value = 443,168,100,000
Strike 4080 has a total call value of 458,827,500,000 versus a total put value of 0 Combined total value = 458,827,500,000
Strike 4100 has a total call value of 474,486,900,000 versus a total put value of 0 Combined total value = 474,486,900,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 374.05 | 400 |
| ABB | 5095.9 | 5400 |
| ABCAPITAL | 188.26 | 190 |
| ABFRL | 258.3 | 265 |
| ACC | 1966.3 | 2000 |
| ADANIENSOL | 859.4 | 860 |
| ADANIENT | 2334.65 | 2460 |
| ADANIGREEN | 923.8 | 940 |
| ADANIPORTS | 1148.35 | 1200 |
| ALKEM | 4828.7 | 4900 |
| AMBUJACEM | 528.2 | 545 |
| ANGELONE | 2285.4 | 2300 |
| APLAPOLLO | 1519.15 | 1500 |
| APOLLOHOSP | 6714.55 | 6650 |
| APOLLOTYRE | 407.95 | 425 |
| ASHOKLEY | 205.14 | 210 |
| ASIANPAINT | 2356.05 | 2340 |
| ASTRAL | 1336.85 | 1340 |
| ATGL | 591.3 | 600 |
| AUBANK | 552.1 | 550 |
| AUROPHARMA | 1105.35 | 1160 |
| AXISBANK | 1091.3 | 1090 |
| BAJAJ-AUTO | 7685.1 | 7900 |
| BAJAJFINSV | 1912.3 | 1920 |
| BAJFINANCE | 8718.85 | 8700 |
| BALKRISIND | 2388.05 | 2500 |
| BANDHANBNK | 153.05 | 152.5 |
| BANKBARODA | 234.32 | 235 |
| BANKINDIA | 111.49 | 110 |
| BEL | 280 | 290 |
| BERGEPAINT | 512.05 | 500 |
| BHARATFORG | 1026.05 | 1080 |
| BHARTIARTL | 1743.45 | 1740 |
| BHEL | 214.45 | 220 |
| BIOCON | 327.8 | 340 |
| BOSCHLTD | 27289.1 | 28000 |
| BPCL | 279.45 | 280 |
| BRITANNIA | 5023.4 | 4950 |
| BSE | 5517.45 | 5300 |
| BSOFT | 366.5 | 385 |
| CAMS | 3683.3 | 3700 |
| CANBK | 90.39 | 92 |
| CDSL | 1199.85 | 1200 |
| CESC | 151.83 | 155 |
| CGPOWER | 575.2 | 620 |
| CHAMBLFERT | 624.6 | 620 |
| CHOLAFIN | 1453.3 | 1500 |
| CIPLA | 1415.25 | 1460 |
| COALINDIA | 385.05 | 400 |
| COFORGE | 6607.9 | 7000 |
| COLPAL | 2423.35 | 2400 |
| CONCOR | 687.5 | 710 |
| CROMPTON | 329.3 | 340 |
| CUMMINSIND | 2844.95 | 3000 |
| CYIENT | 1158.75 | 1220 |
| DABUR | 461.75 | 475 |
| DALBHARAT | 1845.45 | 1800 |
| DEEPAKNTR | 1928.95 | 2000 |
| DELHIVERY | 258.8 | 260 |
| DIVISLAB | 5482.85 | 5650 |
| DIXON | 13137.55 | 13500 |
| DLF | 653.95 | 680 |
| DMART | 4039.9 | 4050 |
| DRREDDY | 1109.95 | 1140 |
| EICHERMOT | 5247.9 | 5350 |
| ESCORTS | 3161.15 | 3250 |
| EXIDEIND | 364.4 | 370 |
| FEDERALBNK | 195 | 195 |
| GAIL | 176.61 | 180 |
| GLENMARK | 1499.85 | 1500 |
| GMRAIRPORT | 80.74 | 80 |
| GODREJCP | 1156.6 | 1150 |
| GODREJPROP | 2067.95 | 2100 |
| GOLDM | 88250 | 88500 |
| GRANULES | 456.75 | 500 |
| GRASIM | 2616.9 | 2600 |
| HAL | 4239.1 | 4250 |
| HAVELLS | 1469.25 | 1500 |
| HCLTECH | 1422.1 | 1500 |
| HDFCAMC | 3906.3 | 4000 |
| HDFCBANK | 1817.3 | 1800 |
| HDFCLIFE | 689.05 | 690 |
| HEROMOTOCO | 3659.2 | 3750 |
| HFCL | 79.16 | 80 |
| HINDALCO | 599.95 | 640 |
| HINDCOPPER | 204.25 | 210 |
| HINDPETRO | 358.35 | 360 |
| HINDUNILVR | 2244.55 | 2260 |
| HINDZINC | 426.95 | 450 |
| HUDCO | 203.47 | 200 |
| ICICIBANK | 1335.3 | 1340 |
| ICICIGI | 1829.55 | 1800 |
| ICICIPRULI | 556.8 | 570 |
| IDEA | 7.91 | 8 |
| IDFCFIRSTB | 57.81 | 59 |
| IEX | 178.52 | 180 |
| IGL | 198.06 | 200 |
| IIFL | 340.25 | 340 |
| INDHOTEL | 799.35 | 810 |
| INDIANB | 546.05 | 550 |
| INDIGO | 5098.9 | 5000 |
| INDUSINDBK | 682 | 700 |
| INDUSTOWER | 360.5 | 355 |
| INFY | 1451.65 | 1520 |
| INOXWIND | 153.85 | 160 |
| IOC | 130.14 | 132 |
| IRB | 45.52 | 46 |
| IRCTC | 714.1 | 730 |
| IREDA | 156.45 | 155 |
| IRFC | 124.84 | 125 |
| ITC | 409.7 | 410 |
| JINDALSTEL | 850.1 | 900 |
| JIOFIN | 222.32 | 230 |
| JSL | 551.7 | 600 |
| JSWENERGY | 506.4 | 530 |
| JSWSTEEL | 1005.75 | 1020 |
| JUBLFOOD | 679.6 | 680 |
| KALYANKJIL | 487.15 | 490 |
| KEI | 2645.1 | 2800 |
| KOTAKBANK | 2131.95 | 2120 |
| KPITTECH | 1134 | 1200 |
| LAURUSLABS | 574.45 | 600 |
| LICHSGFIN | 561.85 | 570 |
| LICI | 792.15 | 800 |
| LODHA | 1180.85 | 1200 |
| LT | 3260.15 | 3360 |
| LTF | 153.72 | 152.5 |
| LTIM | 4136.25 | 4400 |
| LUPIN | 1971.05 | 2000 |
| M&M | 2596.55 | 2700 |
| M&MFIN | 262.3 | 270 |
| MANAPPURAM | 232.83 | 230 |
| MARICO | 677.3 | 660 |
| MARUTI | 11482 | 11500 |
| MAXHEALTH | 1137.65 | 1120 |
| MCX | 5026.8 | 5300 |
| MFSL | 1165.05 | 1160 |
| MGL | 1330.9 | 1380 |
| MOTHERSON | 118.93 | 130 |
| MPHASIS | 2229.2 | 2400 |
| MRF | 113236.95 | 113500 |
| MUTHOOTFIN | 2348.3 | 2300 |
| NATIONALUM | 157.7 | 175 |
| NAUKRI | 6396.6 | 6800 |
| NBCC | 82.73 | 82.5 |
| NCC | 206.85 | 210 |
| NESTLEIND | 2262.15 | 2240 |
| NHPC | 83.04 | 84 |
| NMDC | 65.02 | 69 |
| NTPC | 350.4 | 360 |
| NYKAA | 176.78 | 175 |
| OBEROIRLTY | 1550.6 | 1600 |
| OFSS | 7521.55 | 7750 |
| OIL | 357.75 | 380 |
| ONGC | 226.01 | 237.5 |
| PAGEIND | 42309.8 | 42500 |
| PATANJALI | 1850.35 | 1840 |
| PAYTM | 817.05 | 800 |
| PEL | 961.5 | 1000 |
| PERSISTENT | 4609.95 | 4800 |
| PETRONET | 283.9 | 295 |
| PFC | 406.85 | 420 |
| PHOENIXLTD | 1580.3 | 1600 |
| PIDILITIND | 2892 | 2860 |
| PIIND | 3315.45 | 3450 |
| PNB | 96.61 | 98 |
| PNBHOUSING | 949.45 | 900 |
| POLICYBZR | 1504.2 | 1580 |
| POLYCAB | 5040.75 | 5100 |
| POONAWALLA | 353.05 | 340 |
| POWERGRID | 293.9 | 295 |
| PRESTIGE | 1127.05 | 1160 |
| RAMCOCEM | 941.55 | 920 |
| RBLBANK | 175.68 | 175 |
| RECLTD | 403.4 | 430 |
| RELIANCE | 1204.7 | 1250 |
| SAIL | 112.6 | 117.5 |
| SBICARD | 848 | 860 |
| SBILIFE | 1512.6 | 1540 |
| SBIN | 767.45 | 780 |
| SHREECEM | 30694.5 | 30500 |
| SHRIRAMFIN | 653.6 | 650 |
| SIEMENS | 4928.15 | 5200 |
| SILVER | 87431 | 94000 |
| SJVN | 92.42 | 92.5 |
| SOLARINDS | 10987.1 | 11000 |
| SONACOMS | 421.85 | 450 |
| SRF | 2854.85 | 2900 |
| SUNPHARMA | 1709.35 | 1740 |
| SUPREMEIND | 3278.6 | 3450 |
| SYNGENE | 724.65 | 730 |
| TATACHEM | 812.4 | 860 |
| TATACOMM | 1598.05 | 1600 |
| TATACONSUM | 1087.85 | 1060 |
| TATAELXSI | 5056.65 | 5100 |
| TATAMOTORS | 613.85 | 660 |
| TATAPOWER | 368.95 | 390 |
| TATASTEEL | 140.39 | 150 |
| TATATECH | 648.7 | 660 |
| TCS | 3299.4 | 3460 |
| TECHM | 1320.95 | 1400 |
| TIINDIA | 2637.25 | 2750 |
| TITAGARH | 790.4 | 800 |
| TITAN | 3076.2 | 3100 |
| TORNTPHARM | 3286.5 | 3200 |
| TORNTPOWER | 1537.05 | 1520 |
| TRENT | 5562.85 | 5600 |
| TVSMOTOR | 2464.95 | 2460 |
| ULTRACEMCO | 11498.65 | 11400 |
| UNIONBANK | 122.11 | 125 |
| UNITDSPR | 1427.35 | 1400 |
| UPL | 637.7 | 650 |
| VBL | 535.45 | 530 |
| VEDL | 401.45 | 440 |
| VOLTAS | 1298.1 | 1360 |
| WIPRO | 246.3 | 260 |
| YESBANK | 17.19 | 17 |
| ZOMATO | 210.53 | 210 |
| ZYDUSLIFE | 866.9 | 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.
