LTF
L&T Finance Limited
Max pain for LTF
12 Nov 2024 04:13 PM IST
Max Pain for LTF is 145
Strike 120 has a total call value of 0 versus a total put value of 42,709,148,500 Combined total value = 42,709,148,500
Strike 122.5 has a total call value of 0 versus a total put value of 38,586,260,500 Combined total value = 38,586,260,500
Strike 125 has a total call value of 0 versus a total put value of 34,463,372,500 Combined total value = 34,463,372,500
Strike 127.5 has a total call value of 1,115,500 versus a total put value of 30,487,730,500 Combined total value = 30,488,846,000
Strike 130 has a total call value of 5,577,500 versus a total put value of 26,568,979,000 Combined total value = 26,574,556,500
Strike 132.5 has a total call value of 39,042,500 versus a total put value of 23,057,385,000 Combined total value = 23,096,427,500
Strike 135 has a total call value of 81,431,500 versus a total put value of 19,710,885,000 Combined total value = 19,792,316,500
Strike 137.5 has a total call value of 185,173,000 versus a total put value of 16,693,457,500 Combined total value = 16,878,630,500
Strike 140 has a total call value of 427,236,500 versus a total put value of 13,788,695,500 Combined total value = 14,215,932,000
Strike 142.5 has a total call value of 1,492,539,000 versus a total put value of 11,387,024,000 Combined total value = 12,879,563,000
Strike 145 has a total call value of 2,793,212,000 versus a total put value of 9,137,060,500 Combined total value = 11,930,272,500
Strike 147.5 has a total call value of 4,933,856,500 versus a total put value of 7,329,950,500 Combined total value = 12,263,807,000
Strike 150 has a total call value of 7,370,108,500 versus a total put value of 5,633,275,000 Combined total value = 13,003,383,500
Strike 152.5 has a total call value of 11,481,841,500 versus a total put value of 4,351,565,500 Combined total value = 15,833,407,000
Strike 155 has a total call value of 15,687,276,500 versus a total put value of 3,111,129,500 Combined total value = 18,798,406,000
Strike 157.5 has a total call value of 20,404,726,000 versus a total put value of 2,048,058,000 Combined total value = 22,452,784,000
Strike 160 has a total call value of 25,196,914,000 versus a total put value of 999,488,000 Combined total value = 26,196,402,000
Strike 162.5 has a total call value of 30,955,125,000 versus a total put value of 499,744,000 Combined total value = 31,454,869,000
Strike 165 has a total call value of 36,764,649,000 versus a total put value of 0 Combined total value = 36,764,649,000
Strike 167.5 has a total call value of 42,973,522,000 versus a total put value of 0 Combined total value = 42,973,522,000
Strike 170 has a total call value of 49,182,395,000 versus a total put value of 0 Combined total value = 49,182,395,000
Strike 172.5 has a total call value of 56,327,172,500 versus a total put value of 0 Combined total value = 56,327,172,500
Strike 175 has a total call value of 63,471,950,000 versus a total put value of 0 Combined total value = 63,471,950,000
Strike 177.5 has a total call value of 71,041,733,000 versus a total put value of 0 Combined total value = 71,041,733,000
Strike 180 has a total call value of 78,611,516,000 versus a total put value of 0 Combined total value = 78,611,516,000
Strike 182.5 has a total call value of 86,301,773,000 versus a total put value of 0 Combined total value = 86,301,773,000
Strike 185 has a total call value of 93,992,030,000 versus a total put value of 0 Combined total value = 93,992,030,000
Strike 187.5 has a total call value of 101,682,287,000 versus a total put value of 0 Combined total value = 101,682,287,000
Strike 190 has a total call value of 109,372,544,000 versus a total put value of 0 Combined total value = 109,372,544,000
Strike 192.5 has a total call value of 117,504,539,000 versus a total put value of 0 Combined total value = 117,504,539,000
Strike 195 has a total call value of 125,636,534,000 versus a total put value of 0 Combined total value = 125,636,534,000
Strike 197.5 has a total call value of 133,768,529,000 versus a total put value of 0 Combined total value = 133,768,529,000
Strike 200 has a total call value of 141,900,524,000 versus a total put value of 0 Combined total value = 141,900,524,000
Strike 202.5 has a total call value of 150,043,674,000 versus a total put value of 0 Combined total value = 150,043,674,000
Strike 205 has a total call value of 158,186,824,000 versus a total put value of 0 Combined total value = 158,186,824,000
Strike 207.5 has a total call value of 166,329,974,000 versus a total put value of 0 Combined total value = 166,329,974,000
Strike 210 has a total call value of 174,473,124,000 versus a total put value of 0 Combined total value = 174,473,124,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
