LTF
L&t Finance Limited
Max pain for LTF
02 Apr 2025 12:33 PM IST
Max Pain for LTF is 150
Strike 115 has a total call value of 0 versus a total put value of 53,446,951,500 Combined total value = 53,446,951,500
Strike 117.5 has a total call value of 20,079,000 versus a total put value of 49,549,394,500 Combined total value = 49,569,473,500
Strike 120 has a total call value of 40,158,000 versus a total put value of 45,651,837,500 Combined total value = 45,691,995,500
Strike 122.5 has a total call value of 60,237,000 versus a total put value of 41,754,280,500 Combined total value = 41,814,517,500
Strike 125 has a total call value of 80,316,000 versus a total put value of 37,856,723,500 Combined total value = 37,937,039,500
Strike 127.5 has a total call value of 100,395,000 versus a total put value of 34,000,440,000 Combined total value = 34,100,835,000
Strike 130 has a total call value of 120,474,000 versus a total put value of 30,144,156,500 Combined total value = 30,264,630,500
Strike 132.5 has a total call value of 150,592,500 versus a total put value of 26,422,848,500 Combined total value = 26,573,441,000
Strike 135 has a total call value of 180,711,000 versus a total put value of 22,701,540,500 Combined total value = 22,882,251,500
Strike 137.5 has a total call value of 223,100,000 versus a total put value of 19,385,159,000 Combined total value = 19,608,259,000
Strike 140 has a total call value of 279,990,500 versus a total put value of 16,097,780,500 Combined total value = 16,377,771,000
Strike 142.5 has a total call value of 609,063,000 versus a total put value of 13,176,286,000 Combined total value = 13,785,349,000
Strike 145 has a total call value of 949,290,500 versus a total put value of 10,312,797,500 Combined total value = 11,262,088,000
Strike 147.5 has a total call value of 1,434,533,000 versus a total put value of 7,801,807,000 Combined total value = 9,236,340,000
Strike 150 has a total call value of 1,973,319,500 versus a total put value of 5,381,172,000 Combined total value = 7,354,491,500
Strike 152.5 has a total call value of 3,732,463,000 versus a total put value of 3,745,849,000 Combined total value = 7,478,312,000
Strike 155 has a total call value of 5,593,117,000 versus a total put value of 2,217,614,000 Combined total value = 7,810,731,000
Strike 157.5 has a total call value of 8,042,755,000 versus a total put value of 1,461,305,000 Combined total value = 9,504,060,000
Strike 160 has a total call value of 10,596,134,500 versus a total put value of 739,576,500 Combined total value = 11,335,711,000
Strike 162.5 has a total call value of 13,958,251,500 versus a total put value of 402,695,500 Combined total value = 14,360,947,000
Strike 165 has a total call value of 17,416,301,500 versus a total put value of 84,778,000 Combined total value = 17,501,079,500
Strike 167.5 has a total call value of 21,565,961,500 versus a total put value of 31,234,000 Combined total value = 21,597,195,500
Strike 170 has a total call value of 25,778,089,500 versus a total put value of 0 Combined total value = 25,778,089,500
Strike 172.5 has a total call value of 30,416,338,500 versus a total put value of 0 Combined total value = 30,416,338,500
Strike 175 has a total call value of 35,054,587,500 versus a total put value of 0 Combined total value = 35,054,587,500
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 152.28 | 400 |
| ABB | 152.28 | 5500 |
| ABCAPITAL | 152.28 | 190 |
| ABFRL | 152.28 | 265 |
| ACC | 152.28 | 2000 |
| ADANIENSOL | 152.28 | 860 |
| ADANIENT | 152.28 | 2500 |
| ADANIGREEN | 152.28 | 920 |
| ADANIPORTS | 152.28 | 1200 |
| ALKEM | 152.28 | 4900 |
| AMBUJACEM | 152.28 | 540 |
| ANGELONE | 152.28 | 2300 |
| APLAPOLLO | 152.28 | 1500 |
| APOLLOHOSP | 152.28 | 6650 |
| APOLLOTYRE | 152.28 | 430 |
| ASHOKLEY | 152.28 | 210 |
| ASIANPAINT | 152.28 | 2340 |
| ASTRAL | 152.28 | 1300 |
| ATGL | 152.28 | 600 |
| AUBANK | 152.28 | 545 |
| AUROPHARMA | 152.28 | 1160 |
| AXISBANK | 152.28 | 1100 |
| BAJAJ-AUTO | 152.28 | 8000 |
| BAJAJFINSV | 152.28 | 1960 |
| BAJFINANCE | 152.28 | 8800 |
| BALKRISIND | 152.28 | 2560 |
| BANDHANBNK | 152.28 | 150 |
| BANKBARODA | 152.28 | 230 |
| BANKINDIA | 152.28 | 109 |
| BEL | 152.28 | 290 |
| BERGEPAINT | 152.28 | 500 |
| BHARATFORG | 152.28 | 1160 |
| BHARTIARTL | 152.28 | 1740 |
| BHEL | 152.28 | 220 |
| BIOCON | 152.28 | 345 |
| BOSCHLTD | 152.28 | 28000 |
| BPCL | 152.28 | 280 |
| BRITANNIA | 152.28 | 4900 |
| BSE | 152.28 | 5200 |
| BSOFT | 152.28 | 400 |
| CAMS | 152.28 | 3700 |
| CANBK | 152.28 | 90 |
| CDSL | 152.28 | 1200 |
| CESC | 152.28 | 155 |
| CGPOWER | 152.28 | 640 |
| CHAMBLFERT | 152.28 | 610 |
| CHOLAFIN | 152.28 | 1500 |
| CIPLA | 152.28 | 1480 |
| COALINDIA | 152.28 | 405 |
| COFORGE | 152.28 | 7900 |
| COLPAL | 152.28 | 2400 |
| CONCOR | 152.28 | 710 |
| CROMPTON | 152.28 | 350 |
| CUMMINSIND | 152.28 | 3000 |
| CYIENT | 152.28 | 1300 |
| DABUR | 152.28 | 500 |
| DALBHARAT | 152.28 | 1800 |
| DEEPAKNTR | 152.28 | 2000 |
| DELHIVERY | 152.28 | 260 |
| DIVISLAB | 152.28 | 5650 |
| DIXON | 152.28 | 13500 |
| DLF | 152.28 | 690 |
| DMART | 152.28 | 4050 |
| DRREDDY | 152.28 | 1150 |
| EICHERMOT | 152.28 | 5350 |
| ESCORTS | 152.28 | 3250 |
| EXIDEIND | 152.28 | 370 |
| FEDERALBNK | 152.28 | 195 |
| GAIL | 152.28 | 182.5 |
| GLENMARK | 152.28 | 1500 |
| GMRAIRPORT | 152.28 | 77 |
| GODREJCP | 152.28 | 1130 |
| GODREJPROP | 152.28 | 2100 |
| GOLDM | 152.28 | 89000 |
| GRANULES | 152.28 | 500 |
| GRASIM | 152.28 | 2580 |
| HAL | 152.28 | 4200 |
| HAVELLS | 152.28 | 1500 |
| HCLTECH | 152.28 | 1580 |
| HDFCAMC | 152.28 | 4000 |
| HDFCBANK | 152.28 | 1800 |
| HDFCLIFE | 152.28 | 690 |
| HEROMOTOCO | 152.28 | 3750 |
| HFCL | 152.28 | 81 |
| HINDALCO | 152.28 | 680 |
| HINDCOPPER | 152.28 | 230 |
| HINDPETRO | 152.28 | 360 |
| HINDUNILVR | 152.28 | 2260 |
| HINDZINC | 152.28 | 460 |
| HUDCO | 152.28 | 200 |
| ICICIBANK | 152.28 | 1340 |
| ICICIGI | 152.28 | 1800 |
| ICICIPRULI | 152.28 | 575 |
| IDEA | 152.28 | 8 |
| IDFCFIRSTB | 152.28 | 58 |
| IEX | 152.28 | 180 |
| IGL | 152.28 | 200 |
| IIFL | 152.28 | 330 |
| INDHOTEL | 152.28 | 820 |
| INDIANB | 152.28 | 550 |
| INDIGO | 152.28 | 5000 |
| INDUSINDBK | 152.28 | 690 |
| INDUSTOWER | 152.28 | 350 |
| INFY | 152.28 | 1580 |
| INOXWIND | 152.28 | 160 |
| IOC | 152.28 | 132 |
| IRB | 152.28 | 46 |
| IRCTC | 152.28 | 730 |
| IREDA | 152.28 | 155 |
| IRFC | 152.28 | 125 |
| ITC | 152.28 | 410 |
| JINDALSTEL | 152.28 | 920 |
| JIOFIN | 152.28 | 230 |
| JSL | 152.28 | 600 |
| JSWENERGY | 152.28 | 540 |
| JSWSTEEL | 152.28 | 1050 |
| JUBLFOOD | 152.28 | 670 |
| KALYANKJIL | 152.28 | 480 |
| KEI | 152.28 | 2900 |
| KOTAKBANK | 152.28 | 2120 |
| KPITTECH | 152.28 | 1300 |
| LAURUSLABS | 152.28 | 600 |
| LICHSGFIN | 152.28 | 570 |
| LICI | 152.28 | 800 |
| LODHA | 152.28 | 1200 |
| LT | 152.28 | 3500 |
| LTF | 152.28 | 150 |
| LTIM | 152.28 | 4550 |
| LUPIN | 152.28 | 2000 |
| M&M | 152.28 | 2700 |
| M&MFIN | 152.28 | 280 |
| MANAPPURAM | 152.28 | 230 |
| MARICO | 152.28 | 650 |
| MARUTI | 152.28 | 11600 |
| MAXHEALTH | 152.28 | 1120 |
| MCX | 152.28 | 5400 |
| MFSL | 152.28 | 1140 |
| MGL | 152.28 | 1380 |
| MOTHERSON | 152.28 | 132.5 |
| MPHASIS | 152.28 | 2500 |
| MRF | 152.28 | 114000 |
| MUTHOOTFIN | 152.28 | 2240 |
| NATIONALUM | 152.28 | 185 |
| NAUKRI | 152.28 | 7000 |
| NBCC | 152.28 | 82.5 |
| NCC | 152.28 | 210 |
| NESTLEIND | 152.28 | 2220 |
| NHPC | 152.28 | 84 |
| NMDC | 152.28 | 69.7 |
| NTPC | 152.28 | 360 |
| NYKAA | 152.28 | 175 |
| OBEROIRLTY | 152.28 | 1600 |
| OFSS | 152.28 | 7900 |
| OIL | 152.28 | 390 |
| ONGC | 152.28 | 250 |
| PAGEIND | 152.28 | 42000 |
| PATANJALI | 152.28 | 1800 |
| PAYTM | 152.28 | 800 |
| PEL | 152.28 | 1000 |
| PERSISTENT | 152.28 | 5400 |
| PETRONET | 152.28 | 300 |
| PFC | 152.28 | 420 |
| PHOENIXLTD | 152.28 | 1600 |
| PIDILITIND | 152.28 | 2840 |
| PIIND | 152.28 | 3500 |
| PNB | 152.28 | 97 |
| PNBHOUSING | 152.28 | 880 |
| POLICYBZR | 152.28 | 1580 |
| POLYCAB | 152.28 | 5100 |
| POONAWALLA | 152.28 | 340 |
| POWERGRID | 152.28 | 290 |
| PRESTIGE | 152.28 | 1200 |
| RAMCOCEM | 152.28 | 900 |
| RBLBANK | 152.28 | 175 |
| RECLTD | 152.28 | 440 |
| RELIANCE | 152.28 | 1280 |
| SAIL | 152.28 | 120 |
| SBICARD | 152.28 | 865 |
| SBILIFE | 152.28 | 1560 |
| SBIN | 152.28 | 780 |
| SHREECEM | 152.28 | 30500 |
| SHRIRAMFIN | 152.28 | 650 |
| SIEMENS | 152.28 | 5300 |
| SILVER | 152.28 | 99000 |
| SJVN | 152.28 | 92.5 |
| SOLARINDS | 152.28 | 11100 |
| SONACOMS | 152.28 | 460 |
| SRF | 152.28 | 2920 |
| SUNPHARMA | 152.28 | 1720 |
| SUPREMEIND | 152.28 | 3500 |
| SYNGENE | 152.28 | 720 |
| TATACHEM | 152.28 | 860 |
| TATACOMM | 152.28 | 1600 |
| TATACONSUM | 152.28 | 1040 |
| TATAELXSI | 152.28 | 5200 |
| TATAMOTORS | 152.28 | 690 |
| TATAPOWER | 152.28 | 390 |
| TATASTEEL | 152.28 | 155 |
| TATATECH | 152.28 | 680 |
| TCS | 152.28 | 3600 |
| TECHM | 152.28 | 1420 |
| TIINDIA | 152.28 | 2750 |
| TITAGARH | 152.28 | 800 |
| TITAN | 152.28 | 3100 |
| TORNTPHARM | 152.28 | 3200 |
| TORNTPOWER | 152.28 | 1500 |
| TRENT | 152.28 | 5500 |
| TVSMOTOR | 152.28 | 2440 |
| ULTRACEMCO | 152.28 | 11300 |
| UNIONBANK | 152.28 | 124 |
| UNITDSPR | 152.28 | 1400 |
| UPL | 152.28 | 650 |
| VBL | 152.28 | 540 |
| VEDL | 152.28 | 470 |
| VOLTAS | 152.28 | 1380 |
| WIPRO | 152.28 | 267.5 |
| YESBANK | 152.28 | 17 |
| ZOMATO | 152.28 | 210 |
| ZYDUSLIFE | 152.28 | 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.
