LTIM
Ltimindtree Limited
Max pain for LTIM
14 Jan 2025 02:01 PM IST
Max Pain for LTIM is 5800
Strike 4700 has a total call value of 0 versus a total put value of 93,372,750,000 Combined total value = 93,372,750,000
Strike 4750 has a total call value of 0 versus a total put value of 88,251,000,000 Combined total value = 88,251,000,000
Strike 4800 has a total call value of 0 versus a total put value of 83,129,250,000 Combined total value = 83,129,250,000
Strike 4850 has a total call value of 0 versus a total put value of 78,120,000,000 Combined total value = 78,120,000,000
Strike 4900 has a total call value of 0 versus a total put value of 73,110,750,000 Combined total value = 73,110,750,000
Strike 4950 has a total call value of 0 versus a total put value of 68,111,250,000 Combined total value = 68,111,250,000
Strike 5000 has a total call value of 0 versus a total put value of 63,111,750,000 Combined total value = 63,111,750,000
Strike 5050 has a total call value of 0 versus a total put value of 58,461,000,000 Combined total value = 58,461,000,000
Strike 5100 has a total call value of 0 versus a total put value of 53,810,250,000 Combined total value = 53,810,250,000
Strike 5150 has a total call value of 750,000 versus a total put value of 49,254,750,000 Combined total value = 49,255,500,000
Strike 5200 has a total call value of 1,500,000 versus a total put value of 44,755,500,000 Combined total value = 44,757,000,000
Strike 5250 has a total call value of 13,500,000 versus a total put value of 40,518,000,000 Combined total value = 40,531,500,000
Strike 5300 has a total call value of 25,500,000 versus a total put value of 36,280,500,000 Combined total value = 36,306,000,000
Strike 5350 has a total call value of 37,500,000 versus a total put value of 32,294,250,000 Combined total value = 32,331,750,000
Strike 5400 has a total call value of 49,500,000 versus a total put value of 28,308,000,000 Combined total value = 28,357,500,000
Strike 5450 has a total call value of 78,000,000 versus a total put value of 24,660,750,000 Combined total value = 24,738,750,000
Strike 5500 has a total call value of 106,500,000 versus a total put value of 21,087,750,000 Combined total value = 21,194,250,000
Strike 5550 has a total call value of 199,500,000 versus a total put value of 18,067,500,000 Combined total value = 18,267,000,000
Strike 5600 has a total call value of 292,500,000 versus a total put value of 15,155,250,000 Combined total value = 15,447,750,000
Strike 5650 has a total call value of 519,750,000 versus a total put value of 12,567,000,000 Combined total value = 13,086,750,000
Strike 5700 has a total call value of 831,000,000 versus a total put value of 9,978,750,000 Combined total value = 10,809,750,000
Strike 5750 has a total call value of 1,504,500,000 versus a total put value of 7,985,250,000 Combined total value = 9,489,750,000
Strike 5800 has a total call value of 2,337,000,000 versus a total put value of 6,171,000,000 Combined total value = 8,508,000,000
Strike 5850 has a total call value of 3,632,250,000 versus a total put value of 4,878,000,000 Combined total value = 8,510,250,000
Strike 5900 has a total call value of 5,004,000,000 versus a total put value of 3,670,500,000 Combined total value = 8,674,500,000
Strike 5950 has a total call value of 6,729,000,000 versus a total put value of 2,672,250,000 Combined total value = 9,401,250,000
Strike 6000 has a total call value of 8,556,750,000 versus a total put value of 1,713,000,000 Combined total value = 10,269,750,000
Strike 6050 has a total call value of 11,058,750,000 versus a total put value of 1,152,750,000 Combined total value = 12,211,500,000
Strike 6100 has a total call value of 13,693,500,000 versus a total put value of 645,000,000 Combined total value = 14,338,500,000
Strike 6150 has a total call value of 16,722,000,000 versus a total put value of 403,500,000 Combined total value = 17,125,500,000
Strike 6200 has a total call value of 19,870,500,000 versus a total put value of 162,000,000 Combined total value = 20,032,500,000
Strike 6250 has a total call value of 23,499,750,000 versus a total put value of 84,750,000 Combined total value = 23,584,500,000
Strike 6300 has a total call value of 27,267,000,000 versus a total put value of 7,500,000 Combined total value = 27,274,500,000
Strike 6350 has a total call value of 31,467,750,000 versus a total put value of 6,750,000 Combined total value = 31,474,500,000
Strike 6400 has a total call value of 35,718,000,000 versus a total put value of 6,000,000 Combined total value = 35,724,000,000
Strike 6450 has a total call value of 40,271,250,000 versus a total put value of 5,250,000 Combined total value = 40,276,500,000
Strike 6500 has a total call value of 44,883,750,000 versus a total put value of 4,500,000 Combined total value = 44,888,250,000
Strike 6550 has a total call value of 50,133,750,000 versus a total put value of 3,750,000 Combined total value = 50,137,500,000
Strike 6600 has a total call value of 55,437,000,000 versus a total put value of 3,000,000 Combined total value = 55,440,000,000
Strike 6650 has a total call value of 61,047,000,000 versus a total put value of 2,250,000 Combined total value = 61,049,250,000
Strike 6700 has a total call value of 66,657,000,000 versus a total put value of 1,500,000 Combined total value = 66,658,500,000
Strike 6750 has a total call value of 72,453,750,000 versus a total put value of 750,000 Combined total value = 72,454,500,000
Strike 6800 has a total call value of 78,250,500,000 versus a total put value of 0 Combined total value = 78,250,500,000
Strike 6850 has a total call value of 84,297,000,000 versus a total put value of 0 Combined total value = 84,297,000,000
Strike 6900 has a total call value of 90,343,500,000 versus a total put value of 0 Combined total value = 90,343,500,000
Strike 6950 has a total call value of 96,390,000,000 versus a total put value of 0 Combined total value = 96,390,000,000
Strike 7000 has a total call value of 102,436,500,000 versus a total put value of 0 Combined total value = 102,436,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 407.95 | 420 |
| ABB | 6112.55 | 6600 |
| ABBOTINDIA | 28204.35 | 29000 |
| ABCAPITAL | 173.36 | 182.5 |
| ABFRL | 269.65 | 280 |
| ACC | 1935 | 2060 |
| ADANIENSOL | 778.2 | 780 |
| ADANIENT | 2372.55 | 2500 |
| ADANIGREEN | 1005 | 1000 |
| ADANIPORTS | 1122.6 | 1180 |
| ALKEM | 5252.05 | 5450 |
| AMBUJACEM | 511.9 | 550 |
| ANGELONE | 2371.5 | 2500 |
| APLAPOLLO | 1465.85 | 1500 |
| APOLLOHOSP | 6693.05 | 7050 |
| APOLLOTYRE | 452.15 | 470 |
| ASHOKLEY | 209.85 | 220 |
| ASIANPAINT | 2245.65 | 2300 |
| ASTRAL | 1488.75 | 1600 |
| ATGL | 672.3 | 670 |
| ATUL | 6731.05 | 6700 |
| AUBANK | 574.7 | 565 |
| AUROPHARMA | 1172.2 | 1220 |
| AXISBANK | 1053.4 | 1080 |
| BAJAJ-AUTO | 8558.1 | 8900 |
| BAJAJFINSV | 1703.6 | 1640 |
| BAJFINANCE | 7356.7 | 7200 |
| BALKRISIND | 2702.35 | 2800 |
| BANDHANBNK | 145.65 | 160 |
| BANKBARODA | 222.52 | 240 |
| BANKINDIA | 93.18 | 98 |
| BATAINDIA | 1340 | 1380 |
| BEL | 267.5 | 280 |
| BERGEPAINT | 462.3 | 460 |
| BHARATFORG | 1191.05 | 1260 |
| BHARTIARTL | 1585.15 | 1600 |
| BHEL | 195.46 | 220 |
| BIOCON | 389 | 375 |
| BOSCHLTD | 31446 | 33000 |
| BPCL | 269.2 | 280 |
| BRITANNIA | 4875.5 | 4850 |
| BSE | 5429.95 | 5300 |
| BSOFT | 529.85 | 560 |
| CAMS | 4235.8 | 4700 |
| CANBK | 92.5 | 98 |
| CANFINHOME | 665.25 | 700 |
| CDSL | 1563 | 1700 |
| CESC | 152.6 | 160 |
| CGPOWER | 622.95 | 660 |
| CHAMBLFERT | 471.85 | 490 |
| CHOLAFIN | 1266.75 | 1260 |
| CIPLA | 1441.45 | 1500 |
| COALINDIA | 367.65 | 385 |
| COFORGE | 8554.5 | 9100 |
| COLPAL | 2694.55 | 2800 |
| CONCOR | 757.35 | 780 |
| COROMANDEL | 1816.25 | 1880 |
| CROMPTON | 358 | 370 |
| CUB | 166.8 | 170 |
| CUMMINSIND | 2919 | 3150 |
| CYIENT | 1681.1 | 1720 |
| DABUR | 510.95 | 515 |
| DALBHARAT | 1724.5 | 1740 |
| DEEPAKNTR | 2331.15 | 2500 |
| DELHIVERY | 324.75 | 335 |
| DIVISLAB | 5954.2 | 5900 |
| DIXON | 16149.45 | 17000 |
| DLF | 720.65 | 770 |
| DMART | 3455.2 | 3700 |
| DRREDDY | 1333.05 | 1350 |
| EICHERMOT | 5023 | 5000 |
| ESCORTS | 3447.85 | 3300 |
| EXIDEIND | 380.55 | 410 |
| FEDERALBNK | 192.51 | 197.5 |
| GAIL | 175.12 | 190 |
| GLENMARK | 1504.05 | 1560 |
| GMRAIRPORT | 71.25 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 534.7 | 550 |
| GODREJCP | 1135.3 | 1140 |
| GODREJPROP | 2284.15 | 2500 |
| GRANULES | 584.95 | 590 |
| GRASIM | 2299.25 | 2480 |
| GUJGASLTD | 486.05 | 495 |
| HAL | 3820.75 | 4150 |
| HAVELLS | 1535.15 | 1600 |
| HCLTECH | 1817.25 | 1840 |
| HDFCAMC | 3915.55 | 3950 |
| HDFCBANK | 1647.85 | 1700 |
| HDFCLIFE | 598 | 620 |
| HEROMOTOCO | 4099 | 4200 |
| HFCL | 96.99 | 105 |
| HINDALCO | 586 | 600 |
| HINDCOPPER | 222.5 | 250 |
| HINDPETRO | 370.45 | 390 |
| HINDUNILVR | 2373.65 | 2400 |
| HUDCO | 211.98 | 220 |
| ICICIBANK | 1237 | 1270 |
| ICICIGI | 1827 | 1860 |
| ICICIPRULI | 637.6 | 650 |
| IDEA | 8.1 | 8 |
| IDFCFIRSTB | 61.73 | 63 |
| IEX | 166.33 | 177.5 |
| IGL | 410.15 | 410 |
| INDHOTEL | 769.15 | 800 |
| INDIAMART | 2241.05 | 2300 |
| INDIANB | 500.25 | 520 |
| INDIGO | 3986.35 | 4300 |
| INDUSINDBK | 964.8 | 980 |
| INDUSTOWER | 337.85 | 340 |
| INFY | 1935.05 | 1940 |
| IOC | 125.87 | 135 |
| IPCALAB | 1586.1 | 1640 |
| IRB | 50.88 | 55 |
| IRCTC | 756.7 | 790 |
| IRFC | 134.2 | 137.5 |
| ITC | 436.7 | 445 |
| JINDALSTEL | 913.65 | 940 |
| JIOFIN | 271.3 | 285 |
| JKCEMENT | 4360.85 | 4500 |
| JSL | 627.1 | 630 |
| JSWENERGY | 547.4 | 570 |
| JSWSTEEL | 902.95 | 920 |
| JUBLFOOD | 706 | 730 |
| KALYANKJIL | 593.65 | 640 |
| KEI | 4024.45 | 4200 |
| KOTAKBANK | 1756.85 | 1800 |
| KPITTECH | 1321.65 | 1400 |
| LALPATHLAB | 2800.4 | 2950 |
| LAURUSLABS | 564.3 | 590 |
| LICHSGFIN | 550.95 | 580 |
| LICI | 816.25 | 860 |
| LODHA | 1138.6 | 1240 |
| LT | 3463.65 | 3600 |
| LTF | 133.21 | 140 |
| LTIM | 5764.7 | 5800 |
| LTTS | 4691.9 | 4800 |
| LUPIN | 2151.4 | 2240 |
| M&M | 3061.95 | 3100 |
| M&MFIN | 264.7 | 270 |
| MANAPPURAM | 176.99 | 190 |
| MARICO | 657.45 | 660 |
| MARUTI | 11744.05 | 11600 |
| MAXHEALTH | 1080 | 1140 |
| MCX | 5673 | 6000 |
| METROPOLIS | 1861.35 | 2000 |
| MFSL | 1046.8 | 1100 |
| MGL | 1271.3 | 1280 |
| MOTHERSON | 145.22 | 155 |
| MPHASIS | 2771.65 | 2900 |
| MRF | 114077.2 | 118000 |
| MUTHOOTFIN | 2126.45 | 2140 |
| NATIONALUM | 197.42 | 210 |
| NAUKRI | 7408.6 | 8000 |
| NAVINFLUOR | 3585.5 | 3650 |
| NCC | 244.8 | 260 |
| NESTLEIND | 2215.1 | 2200 |
| NHPC | 76.11 | 78 |
| NMDC | 62.96 | 67 |
| NTPC | 309.6 | 320 |
| NYKAA | 164.29 | 167.5 |
| OBEROIRLTY | 1981.55 | 2140 |
| OFSS | 10697.3 | 11500 |
| OIL | 465.4 | 460 |
| ONGC | 258.97 | 257.5 |
| PAGEIND | 46223.4 | 47000 |
| PAYTM | 819.25 | 880 |
| PEL | 1019.25 | 1080 |
| PERSISTENT | 5865.15 | 6200 |
| PETRONET | 323.7 | 335 |
| PFC | 415.25 | 440 |
| PIDILITIND | 2806.9 | 2900 |
| PIIND | 3466.25 | 3600 |
| PNB | 97.52 | 101 |
| POLICYBZR | 1733.15 | 1900 |
| POLYCAB | 6399.15 | 6700 |
| POONAWALLA | 309.15 | 315 |
| POWERGRID | 290.55 | 305 |
| PRESTIGE | 1422 | 1550 |
| PVRINOX | 1084.05 | 1180 |
| RAMCOCEM | 885.2 | 930 |
| RBLBANK | 153.43 | 160 |
| RECLTD | 475.3 | 500 |
| RELIANCE | 1234.35 | 1250 |
| SAIL | 105.48 | 110 |
| SBICARD | 731.2 | 730 |
| SBILIFE | 1495.1 | 1440 |
| SBIN | 750.85 | 780 |
| SHREECEM | 25011.6 | 25750 |
| SHRIRAMFIN | 537.85 | 570 |
| SIEMENS | 5816.05 | 6300 |
| SJVN | 93.45 | 100 |
| SONACOMS | 564.2 | 580 |
| SRF | 2506.95 | 2560 |
| SUNPHARMA | 1765 | 1820 |
| SUNTV | 655.4 | 670 |
| SUPREMEIND | 4366.35 | 4500 |
| SYNGENE | 826.45 | 850 |
| TATACHEM | 967.8 | 1020 |
| TATACOMM | 1669.2 | 1740 |
| TATACONSUM | 962.9 | 950 |
| TATAELXSI | 6053.35 | 6200 |
| TATAMOTORS | 775.7 | 780 |
| TATAPOWER | 354.3 | 380 |
| TATASTEEL | 127.15 | 135 |
| TCS | 4222.3 | 4200 |
| TECHM | 1656.55 | 1680 |
| TIINDIA | 3293.25 | 3550 |
| TITAN | 3328.85 | 3400 |
| TORNTPHARM | 3241.75 | 3350 |
| TRENT | 6148.45 | 6700 |
| TVSMOTOR | 2231.9 | 2300 |
| UBL | 1961.4 | 2000 |
| ULTRACEMCO | 10508 | 11100 |
| UNIONBANK | 103.14 | 110 |
| UNITDSPR | 1410.5 | 1500 |
| UPL | 539.95 | 530 |
| VBL | 563.15 | 600 |
| VEDL | 430.2 | 450 |
| VOLTAS | 1632.85 | 1720 |
| WIPRO | 292.5 | 295 |
| YESBANK | 17.79 | 19 |
| ZOMATO | 235.4 | 250 |
| ZYDUSLIFE | 992 | 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.
