LT
Larsen & Toubro Ltd.
Max pain for LT
21 May 2025 03:56 PM IST
Max Pain for LT is 3500
Strike 2580 has a total call value of 0 versus a total put value of 378,385,500,000 Combined total value = 378,385,500,000
Strike 2600 has a total call value of 0 versus a total put value of 369,075,300,000 Combined total value = 369,075,300,000
Strike 2620 has a total call value of 0 versus a total put value of 359,853,300,000 Combined total value = 359,853,300,000
Strike 2640 has a total call value of 0 versus a total put value of 350,631,300,000 Combined total value = 350,631,300,000
Strike 2660 has a total call value of 0 versus a total put value of 341,409,300,000 Combined total value = 341,409,300,000
Strike 2680 has a total call value of 0 versus a total put value of 332,187,300,000 Combined total value = 332,187,300,000
Strike 2700 has a total call value of 0 versus a total put value of 322,965,300,000 Combined total value = 322,965,300,000
Strike 2720 has a total call value of 0 versus a total put value of 313,794,900,000 Combined total value = 313,794,900,000
Strike 2740 has a total call value of 0 versus a total put value of 304,624,500,000 Combined total value = 304,624,500,000
Strike 2760 has a total call value of 0 versus a total put value of 295,454,100,000 Combined total value = 295,454,100,000
Strike 2780 has a total call value of 0 versus a total put value of 286,283,700,000 Combined total value = 286,283,700,000
Strike 2800 has a total call value of 0 versus a total put value of 277,113,300,000 Combined total value = 277,113,300,000
Strike 2820 has a total call value of 0 versus a total put value of 268,269,900,000 Combined total value = 268,269,900,000
Strike 2840 has a total call value of 0 versus a total put value of 259,426,500,000 Combined total value = 259,426,500,000
Strike 2860 has a total call value of 0 versus a total put value of 250,583,100,000 Combined total value = 250,583,100,000
Strike 2880 has a total call value of 0 versus a total put value of 241,739,700,000 Combined total value = 241,739,700,000
Strike 2900 has a total call value of 0 versus a total put value of 232,896,300,000 Combined total value = 232,896,300,000
Strike 2920 has a total call value of 0 versus a total put value of 224,184,900,000 Combined total value = 224,184,900,000
Strike 2940 has a total call value of 0 versus a total put value of 215,484,300,000 Combined total value = 215,484,300,000
Strike 2960 has a total call value of 0 versus a total put value of 206,847,000,000 Combined total value = 206,847,000,000
Strike 2980 has a total call value of 0 versus a total put value of 198,268,200,000 Combined total value = 198,268,200,000
Strike 3000 has a total call value of 0 versus a total put value of 189,741,900,000 Combined total value = 189,741,900,000
Strike 3020 has a total call value of 0 versus a total put value of 181,562,400,000 Combined total value = 181,562,400,000
Strike 3040 has a total call value of 0 versus a total put value of 173,382,900,000 Combined total value = 173,382,900,000
Strike 3060 has a total call value of 0 versus a total put value of 165,236,100,000 Combined total value = 165,236,100,000
Strike 3080 has a total call value of 0 versus a total put value of 157,089,300,000 Combined total value = 157,089,300,000
Strike 3100 has a total call value of 0 versus a total put value of 148,942,500,000 Combined total value = 148,942,500,000
Strike 3120 has a total call value of 0 versus a total put value of 141,138,000,000 Combined total value = 141,138,000,000
Strike 3140 has a total call value of 0 versus a total put value of 133,382,400,000 Combined total value = 133,382,400,000
Strike 3160 has a total call value of 0 versus a total put value of 125,669,100,000 Combined total value = 125,669,100,000
Strike 3180 has a total call value of 0 versus a total put value of 118,003,800,000 Combined total value = 118,003,800,000
Strike 3200 has a total call value of 0 versus a total put value of 110,338,500,000 Combined total value = 110,338,500,000
Strike 3220 has a total call value of 139,200,000 versus a total put value of 103,015,800,000 Combined total value = 103,155,000,000
Strike 3240 has a total call value of 278,400,000 versus a total put value of 95,739,900,000 Combined total value = 96,018,300,000
Strike 3260 has a total call value of 417,600,000 versus a total put value of 88,532,700,000 Combined total value = 88,950,300,000
Strike 3280 has a total call value of 556,800,000 versus a total put value of 81,325,500,000 Combined total value = 81,882,300,000
Strike 3300 has a total call value of 696,000,000 versus a total put value of 74,186,100,000 Combined total value = 74,882,100,000
Strike 3320 has a total call value of 1,078,500,000 versus a total put value of 67,805,400,000 Combined total value = 68,883,900,000
Strike 3340 has a total call value of 1,623,000,000 versus a total put value of 61,538,700,000 Combined total value = 63,161,700,000
Strike 3360 has a total call value of 2,167,500,000 versus a total put value of 55,412,400,000 Combined total value = 57,579,900,000
Strike 3380 has a total call value of 2,998,200,000 versus a total put value of 49,477,200,000 Combined total value = 52,475,400,000
Strike 3400 has a total call value of 4,018,500,000 versus a total put value of 43,640,100,000 Combined total value = 47,658,600,000
Strike 3420 has a total call value of 5,815,800,000 versus a total put value of 38,334,900,000 Combined total value = 44,150,700,000
Strike 3440 has a total call value of 7,656,900,000 versus a total put value of 33,300,000,000 Combined total value = 40,956,900,000
Strike 3460 has a total call value of 10,588,200,000 versus a total put value of 28,526,400,000 Combined total value = 39,114,600,000
Strike 3480 has a total call value of 13,853,400,000 versus a total put value of 23,954,100,000 Combined total value = 37,807,500,000
Strike 3500 has a total call value of 17,395,800,000 versus a total put value of 19,574,700,000 Combined total value = 36,970,500,000
Strike 3520 has a total call value of 22,686,300,000 versus a total put value of 16,170,900,000 Combined total value = 38,857,200,000
Strike 3540 has a total call value of 28,474,200,000 versus a total put value of 12,943,500,000 Combined total value = 41,417,700,000
Strike 3560 has a total call value of 34,763,400,000 versus a total put value of 10,020,900,000 Combined total value = 44,784,300,000
Strike 3580 has a total call value of 41,633,100,000 versus a total put value of 7,506,000,000 Combined total value = 49,139,100,000
Strike 3600 has a total call value of 48,874,500,000 versus a total put value of 5,336,700,000 Combined total value = 54,211,200,000
Strike 3620 has a total call value of 57,930,300,000 versus a total put value of 4,322,700,000 Combined total value = 62,253,000,000
Strike 3640 has a total call value of 67,623,300,000 versus a total put value of 3,507,900,000 Combined total value = 71,131,200,000
Strike 3660 has a total call value of 78,047,400,000 versus a total put value of 2,868,000,000 Combined total value = 80,915,400,000
Strike 3680 has a total call value of 89,236,200,000 versus a total put value of 2,453,700,000 Combined total value = 91,689,900,000
Strike 3700 has a total call value of 100,712,100,000 versus a total put value of 2,087,700,000 Combined total value = 102,799,800,000
Strike 3720 has a total call value of 113,261,100,000 versus a total put value of 1,819,800,000 Combined total value = 115,080,900,000
Strike 3740 has a total call value of 125,968,500,000 versus a total put value of 1,551,900,000 Combined total value = 127,520,400,000
Strike 3760 has a total call value of 138,891,300,000 versus a total put value of 1,284,000,000 Combined total value = 140,175,300,000
Strike 3780 has a total call value of 152,009,100,000 versus a total put value of 1,019,400,000 Combined total value = 153,028,500,000
Strike 3800 has a total call value of 165,213,300,000 versus a total put value of 754,800,000 Combined total value = 165,968,100,000
Strike 3820 has a total call value of 178,853,100,000 versus a total put value of 651,000,000 Combined total value = 179,504,100,000
Strike 3840 has a total call value of 192,584,400,000 versus a total put value of 547,200,000 Combined total value = 193,131,600,000
Strike 3860 has a total call value of 206,509,200,000 versus a total put value of 456,300,000 Combined total value = 206,965,500,000
Strike 3880 has a total call value of 220,445,400,000 versus a total put value of 365,400,000 Combined total value = 220,810,800,000
Strike 3900 has a total call value of 234,465,600,000 versus a total put value of 274,500,000 Combined total value = 234,740,100,000
Strike 3920 has a total call value of 248,485,800,000 versus a total put value of 183,600,000 Combined total value = 248,669,400,000
Strike 3940 has a total call value of 262,619,700,000 versus a total put value of 92,700,000 Combined total value = 262,712,400,000
Strike 3960 has a total call value of 276,753,600,000 versus a total put value of 1,800,000 Combined total value = 276,755,400,000
Strike 3980 has a total call value of 291,079,800,000 versus a total put value of 900,000 Combined total value = 291,080,700,000
Strike 4000 has a total call value of 305,406,000,000 versus a total put value of 0 Combined total value = 305,406,000,000
Strike 4020 has a total call value of 319,805,400,000 versus a total put value of 0 Combined total value = 319,805,400,000
Strike 4040 has a total call value of 334,204,800,000 versus a total put value of 0 Combined total value = 334,204,800,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 468.8 | 460 |
| ABB | 5886.5 | 5700 |
| ABCAPITAL | 221.46 | 210 |
| ABFRL | 268.95 | 275 |
| ACC | 1941.4 | 1920 |
| ADANIENSOL | 872.15 | 900 |
| ADANIENT | 2500.4 | 2500 |
| ADANIGREEN | 996.5 | 960 |
| ADANIPORTS | 1384.6 | 1340 |
| ALKEM | 5374 | 5300 |
| AMBUJACEM | 567.8 | 570 |
| ANGELONE | 2866.2 | 2650 |
| APLAPOLLO | 1814.4 | 1700 |
| APOLLOHOSP | 6984 | 6950 |
| APOLLOTYRE | 488.1 | 485 |
| ASHOKLEY | 244.61 | 232.5 |
| ASIANPAINT | 2312.4 | 2340 |
| ASTRAL | 1377.7 | 1380 |
| ATGL | 663.35 | 650 |
| AUBANK | 692.9 | 670 |
| AUROPHARMA | 1204.1 | 1220 |
| AXISBANK | 1197.8 | 1180 |
| BAJAJ-AUTO | 8687.5 | 8500 |
| BAJAJFINSV | 2037.3 | 2020 |
| BAJFINANCE | 9197.5 | 9100 |
| BALKRISIND | 2665.6 | 2700 |
| BANDHANBNK | 168.22 | 167.5 |
| BANKBARODA | 241.3 | 235 |
| BANKINDIA | 117.96 | 115 |
| BEL | 383 | 365 |
| BHARATFORG | 1229 | 1200 |
| BHARTIARTL | 1822.5 | 1820 |
| BHEL | 247.42 | 245 |
| BIOCON | 340.65 | 335 |
| BOSCHLTD | 31655 | 31000 |
| BPCL | 315.85 | 310 |
| BRITANNIA | 5493.5 | 5500 |
| BSE | 7305 | 7000 |
| BSOFT | 424 | 420 |
| CAMS | 3887.5 | 3850 |
| CANBK | 107.84 | 104 |
| CDSL | 1450.3 | 1400 |
| CESC | 171.92 | 165 |
| CGPOWER | 694 | 660 |
| CHAMBLFERT | 603.85 | 630 |
| CHOLAFIN | 1656 | 1600 |
| CIPLA | 1482.4 | 1500 |
| COALINDIA | 405.35 | 400 |
| COFORGE | 8266 | 7800 |
| COLPAL | 2659.3 | 2660 |
| CONCOR | 731.55 | 720 |
| CROMPTON | 349.05 | 345 |
| CUMMINSIND | 2980.9 | 2900 |
| CYIENT | 1304.6 | 1260 |
| DABUR | 481.75 | 480 |
| DALBHARAT | 2089.3 | 2000 |
| DEEPAKNTR | 2090.2 | 2060 |
| DELHIVERY | 348.1 | 340 |
| DIVISLAB | 6552 | 6400 |
| DIXON | 15612 | 16000 |
| DLF | 775.15 | 750 |
| DMART | 4112.7 | 4100 |
| DRREDDY | 1224.7 | 1200 |
| EICHERMOT | 5409 | 5500 |
| ESCORTS | 3514.4 | 3400 |
| ETERNAL | 229.97 | 230 |
| EXIDEIND | 384.8 | 380 |
| FEDERALBNK | 200.82 | 195 |
| GAIL | 190.64 | 190 |
| GLENMARK | 1440.1 | 1420 |
| GMRAIRPORT | 87.63 | 88 |
| GODREJCP | 1280 | 1270 |
| GODREJPROP | 2181 | 2200 |
| GRANULES | 517.9 | 500 |
| GRASIM | 2706.9 | 2720 |
| HAL | 5001.1 | 4850 |
| HAVELLS | 1577.2 | 1600 |
| HCLTECH | 1652 | 1600 |
| HDFCAMC | 4815.5 | 4650 |
| HDFCBANK | 1926.8 | 1920 |
| HDFCLIFE | 759.7 | 730 |
| HEROMOTOCO | 4263.8 | 4100 |
| HFCL | 85.13 | 85 |
| HINDALCO | 663 | 650 |
| HINDCOPPER | 229.47 | 230 |
| HINDPETRO | 404.9 | 400 |
| HINDUNILVR | 2363.9 | 2360 |
| HINDZINC | 442.05 | 440 |
| HUDCO | 229.34 | 225 |
| ICICIBANK | 1444.7 | 1440 |
| ICICIGI | 1878.1 | 1880 |
| ICICIPRULI | 618.15 | 610 |
| IDEA | 6.76 | 7 |
| IDFCFIRSTB | 66.67 | 67 |
| IEX | 199.18 | 197.5 |
| IGL | 207.56 | 200 |
| IIFL | 413.15 | 400 |
| INDHOTEL | 773.1 | 770 |
| INDIANB | 601.7 | 590 |
| INDIGO | 5461.5 | 5400 |
| INDUSINDBK | 769.95 | 800 |
| INDUSTOWER | 387.95 | 390 |
| INFY | 1568.5 | 1540 |
| INOXWIND | 185.76 | 180 |
| IOC | 143.39 | 144 |
| IRB | 51.35 | 50 |
| IRCTC | 790.2 | 790 |
| IREDA | 172.21 | 170 |
| IRFC | 138.08 | 135 |
| ITC | 433 | 430 |
| JINDALSTEL | 968.5 | 940 |
| JIOFIN | 274.35 | 265 |
| JSL | 643.4 | 640 |
| JSWENERGY | 504.8 | 490 |
| JSWSTEEL | 1000.9 | 1000 |
| JUBLFOOD | 674.4 | 680 |
| KALYANKJIL | 552.05 | 540 |
| KEI | 3431.4 | 3300 |
| KOTAKBANK | 2071.3 | 2100 |
| KPITTECH | 1331.6 | 1300 |
| LAURUSLABS | 597.05 | 600 |
| LICHSGFIN | 595.75 | 600 |
| LICI | 853.8 | 840 |
| LODHA | 1409 | 1360 |
| LT | 3589 | 3500 |
| LTF | 173.58 | 170 |
| LTIM | 5033.8 | 4900 |
| LUPIN | 1996 | 2020 |
| M&M | 3090.7 | 3050 |
| M&MFIN | 260.25 | 257.85 |
| MANAPPURAM | 228.06 | 230 |
| MARICO | 709.65 | 720 |
| MARUTI | 12615 | 12200 |
| MAXHEALTH | 1142.1 | 1160 |
| MCX | 6370.5 | 6200 |
| MFSL | 1396.7 | 1340 |
| MGL | 1382 | 1380 |
| MOTHERSON | 148.24 | 142.5 |
| MPHASIS | 2557.6 | 2540 |
| MRF | 142285 | 140000 |
| MUTHOOTFIN | 2089.6 | 2100 |
| NATIONALUM | 181.75 | 180 |
| NAUKRI | 1475.5 | 1440 |
| NBCC | 113.21 | 107 |
| NCC | 233.54 | 230 |
| NESTLEIND | 2392.6 | 2380 |
| NHPC | 87.62 | 86 |
| NMDC | 70.15 | 70 |
| NTPC | 346.15 | 345 |
| NYKAA | 200.48 | 200 |
| OBEROIRLTY | 1731.9 | 1680 |
| OFSS | 8383.5 | 8435 |
| OIL | 426.5 | 420 |
| ONGC | 248.68 | 240 |
| PAGEIND | 47620 | 47000 |
| PATANJALI | 1725 | 1780 |
| PAYTM | 843.1 | 860 |
| PEL | 1139 | 1100 |
| PERSISTENT | 5670 | 5600 |
| PETRONET | 321.75 | 320 |
| PFC | 412.7 | 420 |
| PHOENIXLTD | 1617.8 | 1600 |
| PIDILITIND | 2986.2 | 3020 |
| PIIND | 3709.9 | 3700 |
| PNB | 101.9 | 100 |
| PNBHOUSING | 1050.8 | 1060 |
| POLICYBZR | 1726.7 | 1700 |
| POLYCAB | 6055 | 5900 |
| POONAWALLA | 397.2 | 390 |
| POWERGRID | 296.15 | 302.5 |
| PRESTIGE | 1432.6 | 1400 |
| RAMCOCEM | 978.8 | 980 |
| RBLBANK | 207.84 | 210 |
| RECLTD | 400.2 | 410 |
| RELIANCE | 1429.2 | 1390 |
| SAIL | 124.88 | 120 |
| SBICARD | 903.15 | 900 |
| SBILIFE | 1763.9 | 1740 |
| SBIN | 787.1 | 790 |
| SHREECEM | 31490 | 31000 |
| SHRIRAMFIN | 658 | 640 |
| SIEMENS | 3290.8 | 3100 |
| SJVN | 101.05 | 100 |
| SOLARINDS | 14192 | 13750 |
| SONACOMS | 525.05 | 510 |
| SRF | 2951.3 | 3000 |
| SUNPHARMA | 1731.8 | 1700 |
| SUPREMEIND | 3826 | 3800 |
| SYNGENE | 639.35 | 640 |
| TATACHEM | 859.1 | 860 |
| TATACOMM | 1664.7 | 1600 |
| TATACONSUM | 1138.8 | 1130 |
| TATAELXSI | 6184.5 | 6000 |
| TATAMOTORS | 726.8 | 700 |
| TATAPOWER | 401.85 | 400 |
| TATASTEEL | 161.64 | 155 |
| TATATECH | 757.2 | 700 |
| TCS | 3525.8 | 3500 |
| TECHM | 1598.2 | 1540 |
| TIINDIA | 3002.7 | 3000 |
| TITAGARH | 904.5 | 860 |
| TITAN | 3580.5 | 3500 |
| TORNTPHARM | 3289 | 3300 |
| TORNTPOWER | 1398.7 | 1420 |
| TRENT | 5443.5 | 5500 |
| TVSMOTOR | 2767.3 | 2780 |
| ULTRACEMCO | 11666 | 11800 |
| UNIONBANK | 139.46 | 132.5 |
| UNITDSPR | 1557.4 | 1540 |
| UPL | 638.4 | 650 |
| VBL | 479.15 | 500 |
| VEDL | 437.75 | 440 |
| VOLTAS | 1268.6 | 1280 |
| WIPRO | 250.92 | 247.5 |
| YESBANK | 20.98 | 21 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 889.65 | 890 |
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.
