LT
Larsen & Toubro Ltd.
Max pain for LT
20 Jun 2025 04:11 PM IST
Max Pain for LT is 3640
Strike 2800 has a total call value of 0 versus a total put value of 220,519,500,000 Combined total value = 220,519,500,000
Strike 2820 has a total call value of 0 versus a total put value of 214,474,800,000 Combined total value = 214,474,800,000
Strike 2840 has a total call value of 0 versus a total put value of 208,430,100,000 Combined total value = 208,430,100,000
Strike 2860 has a total call value of 0 versus a total put value of 202,385,400,000 Combined total value = 202,385,400,000
Strike 2880 has a total call value of 0 versus a total put value of 196,340,700,000 Combined total value = 196,340,700,000
Strike 2900 has a total call value of 0 versus a total put value of 190,296,000,000 Combined total value = 190,296,000,000
Strike 2920 has a total call value of 0 versus a total put value of 184,251,300,000 Combined total value = 184,251,300,000
Strike 2940 has a total call value of 0 versus a total put value of 178,226,400,000 Combined total value = 178,226,400,000
Strike 2960 has a total call value of 0 versus a total put value of 172,201,500,000 Combined total value = 172,201,500,000
Strike 2980 has a total call value of 0 versus a total put value of 166,176,600,000 Combined total value = 166,176,600,000
Strike 3000 has a total call value of 0 versus a total put value of 160,151,700,000 Combined total value = 160,151,700,000
Strike 3020 has a total call value of 0 versus a total put value of 154,126,800,000 Combined total value = 154,126,800,000
Strike 3040 has a total call value of 0 versus a total put value of 148,101,900,000 Combined total value = 148,101,900,000
Strike 3060 has a total call value of 0 versus a total put value of 142,077,000,000 Combined total value = 142,077,000,000
Strike 3080 has a total call value of 0 versus a total put value of 136,052,100,000 Combined total value = 136,052,100,000
Strike 3100 has a total call value of 0 versus a total put value of 130,027,200,000 Combined total value = 130,027,200,000
Strike 3120 has a total call value of 0 versus a total put value of 124,057,500,000 Combined total value = 124,057,500,000
Strike 3140 has a total call value of 0 versus a total put value of 118,087,800,000 Combined total value = 118,087,800,000
Strike 3160 has a total call value of 0 versus a total put value of 112,118,100,000 Combined total value = 112,118,100,000
Strike 3180 has a total call value of 0 versus a total put value of 106,168,800,000 Combined total value = 106,168,800,000
Strike 3200 has a total call value of 0 versus a total put value of 100,219,500,000 Combined total value = 100,219,500,000
Strike 3220 has a total call value of 11,700,000 versus a total put value of 94,724,400,000 Combined total value = 94,736,100,000
Strike 3240 has a total call value of 23,400,000 versus a total put value of 89,233,800,000 Combined total value = 89,257,200,000
Strike 3260 has a total call value of 35,100,000 versus a total put value of 83,743,200,000 Combined total value = 83,778,300,000
Strike 3280 has a total call value of 46,800,000 versus a total put value of 78,353,400,000 Combined total value = 78,400,200,000
Strike 3300 has a total call value of 58,500,000 versus a total put value of 72,979,500,000 Combined total value = 73,038,000,000
Strike 3320 has a total call value of 98,100,000 versus a total put value of 67,992,300,000 Combined total value = 68,090,400,000
Strike 3340 has a total call value of 137,700,000 versus a total put value of 63,043,200,000 Combined total value = 63,180,900,000
Strike 3360 has a total call value of 177,300,000 versus a total put value of 58,206,000,000 Combined total value = 58,383,300,000
Strike 3380 has a total call value of 216,900,000 versus a total put value of 53,422,800,000 Combined total value = 53,639,700,000
Strike 3400 has a total call value of 256,500,000 versus a total put value of 48,652,800,000 Combined total value = 48,909,300,000
Strike 3420 has a total call value of 353,400,000 versus a total put value of 44,331,000,000 Combined total value = 44,684,400,000
Strike 3440 has a total call value of 450,300,000 versus a total put value of 40,068,300,000 Combined total value = 40,518,600,000
Strike 3460 has a total call value of 568,500,000 versus a total put value of 35,901,300,000 Combined total value = 36,469,800,000
Strike 3480 has a total call value of 702,600,000 versus a total put value of 31,794,300,000 Combined total value = 32,496,900,000
Strike 3500 has a total call value of 881,400,000 versus a total put value of 27,717,600,000 Combined total value = 28,599,000,000
Strike 3520 has a total call value of 1,253,400,000 versus a total put value of 24,117,000,000 Combined total value = 25,370,400,000
Strike 3540 has a total call value of 1,625,400,000 versus a total put value of 20,645,400,000 Combined total value = 22,270,800,000
Strike 3560 has a total call value of 2,079,300,000 versus a total put value of 17,259,000,000 Combined total value = 19,338,300,000
Strike 3580 has a total call value of 2,574,600,000 versus a total put value of 14,126,100,000 Combined total value = 16,700,700,000
Strike 3600 has a total call value of 3,142,500,000 versus a total put value of 11,198,700,000 Combined total value = 14,341,200,000
Strike 3620 has a total call value of 4,307,700,000 versus a total put value of 9,228,000,000 Combined total value = 13,535,700,000
Strike 3640 has a total call value of 5,651,700,000 versus a total put value of 7,538,400,000 Combined total value = 13,190,100,000
Strike 3660 has a total call value of 7,474,500,000 versus a total put value of 6,157,200,000 Combined total value = 13,631,700,000
Strike 3680 has a total call value of 10,571,400,000 versus a total put value of 5,067,900,000 Combined total value = 15,639,300,000
Strike 3700 has a total call value of 14,114,700,000 versus a total put value of 4,157,700,000 Combined total value = 18,272,400,000
Strike 3720 has a total call value of 19,275,300,000 versus a total put value of 3,432,000,000 Combined total value = 22,707,300,000
Strike 3740 has a total call value of 25,121,100,000 versus a total put value of 2,869,800,000 Combined total value = 27,990,900,000
Strike 3760 has a total call value of 33,348,600,000 versus a total put value of 2,490,000,000 Combined total value = 35,838,600,000
Strike 3780 has a total call value of 42,210,900,000 versus a total put value of 2,110,200,000 Combined total value = 44,321,100,000
Strike 3800 has a total call value of 51,203,400,000 versus a total put value of 1,753,800,000 Combined total value = 52,957,200,000
Strike 3820 has a total call value of 61,894,800,000 versus a total put value of 1,560,900,000 Combined total value = 63,455,700,000
Strike 3840 has a total call value of 72,649,200,000 versus a total put value of 1,368,000,000 Combined total value = 74,017,200,000
Strike 3860 has a total call value of 83,635,800,000 versus a total put value of 1,197,000,000 Combined total value = 84,832,800,000
Strike 3880 has a total call value of 94,657,500,000 versus a total put value of 1,026,000,000 Combined total value = 95,683,500,000
Strike 3900 has a total call value of 106,044,600,000 versus a total put value of 855,000,000 Combined total value = 106,899,600,000
Strike 3920 has a total call value of 117,804,900,000 versus a total put value of 684,000,000 Combined total value = 118,488,900,000
Strike 3940 has a total call value of 129,587,400,000 versus a total put value of 513,000,000 Combined total value = 130,100,400,000
Strike 3960 has a total call value of 141,369,900,000 versus a total put value of 342,000,000 Combined total value = 141,711,900,000
Strike 3980 has a total call value of 153,190,200,000 versus a total put value of 171,000,000 Combined total value = 153,361,200,000
Strike 4000 has a total call value of 165,010,500,000 versus a total put value of 0 Combined total value = 165,010,500,000
Strike 4020 has a total call value of 177,653,100,000 versus a total put value of 0 Combined total value = 177,653,100,000
Strike 4040 has a total call value of 190,295,700,000 versus a total put value of 0 Combined total value = 190,295,700,000
Strike 4060 has a total call value of 202,988,400,000 versus a total put value of 0 Combined total value = 202,988,400,000
Strike 4080 has a total call value of 215,681,100,000 versus a total put value of 0 Combined total value = 215,681,100,000
Strike 4100 has a total call value of 228,624,600,000 versus a total put value of 0 Combined total value = 228,624,600,000
Strike 4120 has a total call value of 241,568,100,000 versus a total put value of 0 Combined total value = 241,568,100,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 441.3 | 460 |
| ABB | 5968.5 | 6000 |
| ABCAPITAL | 260.28 | 247.5 |
| ABFRL | 73.66 | 80 |
| ACC | 1823 | 1900 |
| ADANIENSOL | 828.1 | 860 |
| ADANIENT | 2448.4 | 2540 |
| ADANIGREEN | 947.7 | 1000 |
| ADANIPORTS | 1349.3 | 1400 |
| ALKEM | 4773.5 | 4900 |
| AMBUJACEM | 533.45 | 560 |
| ANGELONE | 2827.7 | 2950 |
| APLAPOLLO | 1769.8 | 1840 |
| APOLLOHOSP | 7063.5 | 7000 |
| ASHOKLEY | 235.15 | 237.5 |
| ASIANPAINT | 2285.7 | 2260 |
| ASTRAL | 1558.5 | 1520 |
| ATGL | 617.1 | 650 |
| AUBANK | 795.35 | 770 |
| AUROPHARMA | 1097.2 | 1140 |
| AXISBANK | 1220.7 | 1210 |
| BAJAJ-AUTO | 8371 | 8390 |
| BAJAJFINSV | 1986.2 | 2000 |
| BAJFINANCE | 905 | 920 |
| BALKRISIND | 2420.4 | 2480 |
| BANDHANBNK | 180.05 | 177.5 |
| BANKBARODA | 234.15 | 240 |
| BANKINDIA | 113.18 | 115.95 |
| BDL | 1902 | 1900 |
| BEL | 408.25 | 400 |
| BHARATFORG | 1278.3 | 1280 |
| BHARTIARTL | 1936.7 | 1880 |
| BHEL | 250.45 | 255 |
| BIOCON | 351.35 | 350 |
| BLUESTARCO | 1610 | 1600 |
| BOSCHLTD | 32290 | 32000 |
| BPCL | 313.5 | 315 |
| BRITANNIA | 5587 | 5550 |
| BSE | 2688.1 | 2650 |
| BSOFT | 421.4 | 420 |
| CAMS | 4167.4 | 4150 |
| CANBK | 107.22 | 108 |
| CDSL | 1685.8 | 1700 |
| CESC | 163.39 | 165 |
| CGPOWER | 688.25 | 690 |
| CHAMBLFERT | 550.85 | 560 |
| CHOLAFIN | 1557.5 | 1560 |
| CIPLA | 1499.7 | 1500 |
| COALINDIA | 389.05 | 400 |
| COFORGE | 1832 | 1760 |
| COLPAL | 2402.3 | 2440 |
| CONCOR | 738.25 | 760 |
| CROMPTON | 344.6 | 350 |
| CUMMINSIND | 3271.5 | 3250 |
| CYIENT | 1306.6 | 1320 |
| DABUR | 466.9 | 475 |
| DALBHARAT | 2040.2 | 2040 |
| DELHIVERY | 357.85 | 360 |
| DIVISLAB | 6592 | 6600 |
| DIXON | 14047 | 14500 |
| DLF | 854.25 | 840 |
| DMART | 4300.3 | 4200 |
| DRREDDY | 1325.3 | 1300 |
| EICHERMOT | 5525 | 5450 |
| ETERNAL | 253.33 | 250 |
| EXIDEIND | 380.25 | 390 |
| FEDERALBNK | 207.51 | 207.5 |
| FORTIS | 755.25 | 750 |
| GAIL | 181.85 | 190 |
| GLENMARK | 1636.7 | 1600 |
| GMRAIRPORT | 80.97 | 84 |
| GODREJCP | 1189.4 | 1220 |
| GODREJPROP | 2432 | 2400 |
| GRANULES | 487.35 | 520 |
| GRASIM | 2712.6 | 2680 |
| HAL | 4973.1 | 5000 |
| HAVELLS | 1533.5 | 1560 |
| HCLTECH | 1739.9 | 1700 |
| HDFCAMC | 4958.6 | 4950 |
| HDFCBANK | 1964.7 | 1960 |
| HDFCLIFE | 778.95 | 770 |
| HEROMOTOCO | 4338.5 | 4300 |
| HFCL | 81.72 | 85 |
| HINDALCO | 649.15 | 650 |
| HINDCOPPER | 248.67 | 250 |
| HINDPETRO | 392.25 | 400 |
| HINDUNILVR | 2306.2 | 2320 |
| HINDZINC | 438.6 | 450 |
| HUDCO | 227.15 | 240 |
| ICICIBANK | 1427.1 | 1430 |
| ICICIGI | 1971 | 1940 |
| ICICIPRULI | 633.75 | 640 |
| IDEA | 6.56 | 7 |
| IDFCFIRSTB | 70.19 | 70 |
| IEX | 182.51 | 192.5 |
| IGL | 205.67 | 205 |
| IIFL | 474.7 | 480 |
| INDHOTEL | 765.65 | 770 |
| INDIANB | 615.65 | 620 |
| INDIGO | 5390 | 5400 |
| INDUSINDBK | 840.25 | 820 |
| INDUSTOWER | 404.3 | 395 |
| INFY | 1622.9 | 1600 |
| INOXWIND | 170.65 | 180 |
| IOC | 138.65 | 142 |
| IRB | 48.63 | 50 |
| IRCTC | 756.6 | 780 |
| IREDA | 165.07 | 170 |
| IRFC | 134.2 | 140 |
| ITC | 418.55 | 420 |
| JINDALSTEL | 899.05 | 930 |
| JIOFIN | 294.25 | 295 |
| JSL | 670.2 | 670 |
| JSWENERGY | 499.3 | 510 |
| JSWSTEEL | 1005.55 | 1000 |
| JUBLFOOD | 695.8 | 680 |
| KALYANKJIL | 518.35 | 530 |
| KAYNES | 5864.5 | 5700 |
| KEI | 3574.5 | 3600 |
| KOTAKBANK | 2169.8 | 2140 |
| KPITTECH | 1394.5 | 1380 |
| LAURUSLABS | 651 | 640 |
| LICHSGFIN | 594.55 | 600 |
| LICI | 936.55 | 950 |
| LODHA | 1483.2 | 1460 |
| LT | 3662 | 3640 |
| LTF | 190.05 | 185 |
| LTIM | 5376.5 | 5300 |
| LUPIN | 1948 | 1980 |
| M&M | 3184.4 | 3100 |
| M&MFIN | 262.6 | 270 |
| MANAPPURAM | 271.45 | 250 |
| MANKIND | 2288.8 | 2350 |
| MARICO | 693.3 | 700 |
| MARUTI | 12791 | 12500 |
| MAXHEALTH | 1213.8 | 1200 |
| MAZDOCK | 3256.4 | 3300 |
| MCX | 8085 | 7700 |
| MFSL | 1595.3 | 1560 |
| MGL | 1394.8 | 1380 |
| MOTHERSON | 150.2 | 152.5 |
| MPHASIS | 2696.1 | 2620 |
| MUTHOOTFIN | 2606.4 | 2500 |
| NATIONALUM | 183.99 | 190 |
| NAUKRI | 1505.1 | 1480 |
| NBCC | 117.08 | 117 |
| NCC | 221.3 | 230 |
| NESTLEIND | 2360.4 | 2380 |
| NHPC | 82.31 | 86 |
| NMDC | 67.94 | 70 |
| NTPC | 335.2 | 340 |
| NYKAA | 197.07 | 197.5 |
| OBEROIRLTY | 1910.9 | 1880 |
| OFSS | 9395.5 | 9300 |
| OIL | 464.9 | 460 |
| ONGC | 251.89 | 250 |
| PAGEIND | 44925 | 46000 |
| PATANJALI | 1649.6 | 1680 |
| PAYTM | 871.2 | 880 |
| PEL | 1131.3 | 1140 |
| PERSISTENT | 6106.5 | 5900 |
| PETRONET | 295.4 | 310 |
| PFC | 409.05 | 410 |
| PHOENIXLTD | 1616.1 | 1600 |
| PIDILITIND | 2956.1 | 3000 |
| PIIND | 4121.5 | 4000 |
| PNB | 103.04 | 103.1 |
| PNBHOUSING | 1049.8 | 1080 |
| POLICYBZR | 1901.3 | 1880 |
| POLYCAB | 6000.5 | 6000 |
| POONAWALLA | 414.9 | 420 |
| POWERGRID | 293.1 | 295 |
| PPLPHARMA | 195.1 | 200 |
| PRESTIGE | 1716.3 | 1640 |
| RBLBANK | 228.03 | 220 |
| RECLTD | 394.45 | 400 |
| RELIANCE | 1466.2 | 1450 |
| RVNL | 390.6 | 400 |
| SAIL | 127.48 | 130 |
| SBICARD | 945.6 | 950 |
| SBILIFE | 1810.9 | 1800 |
| SBIN | 796.15 | 800 |
| SHREECEM | 28875 | 29500 |
| SHRIRAMFIN | 666.35 | 670 |
| SIEMENS | 3214.2 | 3300 |
| SJVN | 96.97 | 100 |
| SOLARINDS | 16996 | 16500 |
| SONACOMS | 486.95 | 500 |
| SRF | 3030.1 | 3050 |
| SUNPHARMA | 1665.1 | 1680 |
| SUPREMEIND | 4465.8 | 4500 |
| SYNGENE | 631.2 | 650 |
| TATACHEM | 913.85 | 920 |
| TATACOMM | 1654.5 | 1680 |
| TATACONSUM | 1100.2 | 1090 |
| TATAELXSI | 6319 | 6300 |
| TATAMOTORS | 676.2 | 690 |
| TATAPOWER | 390.1 | 400 |
| TATASTEEL | 151.97 | 153.9 |
| TATATECH | 706.65 | 730 |
| TCS | 3435.7 | 3460 |
| TECHM | 1696.1 | 1660 |
| TIINDIA | 2926.3 | 3000 |
| TITAGARH | 865.95 | 920 |
| TITAN | 3519 | 3500 |
| TORNTPHARM | 3167.2 | 3200 |
| TORNTPOWER | 1390.1 | 1400 |
| TRENT | 5897.5 | 5700 |
| TVSMOTOR | 2812.1 | 2780 |
| ULTRACEMCO | 11458 | 11300 |
| UNIONBANK | 143.48 | 145 |
| UNITDSPR | 1458.9 | 1500 |
| UNOMINDA | 1061.6 | 1060 |
| UPL | 633.5 | 630 |
| USDINR | 86.79 | 86 |
| VBL | 459.6 | 470 |
| VEDL | 447.1 | 450 |
| VOLTAS | 1293.9 | 1280 |
| WIPRO | 266.54 | 260 |
| YESBANK | 19.73 | 21 |
| ZOMATO | 0 | 200 |
| ZYDUSLIFE | 957.1 | 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.
