LTIM
Ltimindtree Limited
Max pain for LTIM
12 Nov 2024 04:11 PM IST
Max Pain for LTIM is 5900
Strike 5000 has a total call value of 0 versus a total put value of 32,628,000,000 Combined total value = 32,628,000,000
Strike 5050 has a total call value of 0 versus a total put value of 30,303,000,000 Combined total value = 30,303,000,000
Strike 5100 has a total call value of 0 versus a total put value of 27,978,000,000 Combined total value = 27,978,000,000
Strike 5150 has a total call value of 0 versus a total put value of 25,672,500,000 Combined total value = 25,672,500,000
Strike 5200 has a total call value of 0 versus a total put value of 23,367,000,000 Combined total value = 23,367,000,000
Strike 5250 has a total call value of 0 versus a total put value of 21,213,750,000 Combined total value = 21,213,750,000
Strike 5300 has a total call value of 0 versus a total put value of 19,060,500,000 Combined total value = 19,060,500,000
Strike 5350 has a total call value of 0 versus a total put value of 16,991,250,000 Combined total value = 16,991,250,000
Strike 5400 has a total call value of 0 versus a total put value of 14,922,000,000 Combined total value = 14,922,000,000
Strike 5450 has a total call value of 0 versus a total put value of 13,014,000,000 Combined total value = 13,014,000,000
Strike 5500 has a total call value of 0 versus a total put value of 11,120,250,000 Combined total value = 11,120,250,000
Strike 5550 has a total call value of 6,750,000 versus a total put value of 9,408,750,000 Combined total value = 9,415,500,000
Strike 5600 has a total call value of 37,500,000 versus a total put value of 7,746,000,000 Combined total value = 7,783,500,000
Strike 5650 has a total call value of 68,250,000 versus a total put value of 6,255,750,000 Combined total value = 6,324,000,000
Strike 5700 has a total call value of 99,000,000 versus a total put value of 4,893,000,000 Combined total value = 4,992,000,000
Strike 5750 has a total call value of 218,250,000 versus a total put value of 3,776,250,000 Combined total value = 3,994,500,000
Strike 5800 has a total call value of 337,500,000 versus a total put value of 2,745,000,000 Combined total value = 3,082,500,000
Strike 5850 has a total call value of 644,250,000 versus a total put value of 1,950,000,000 Combined total value = 2,594,250,000
Strike 5900 has a total call value of 1,057,500,000 versus a total put value of 1,230,750,000 Combined total value = 2,288,250,000
Strike 5950 has a total call value of 1,637,250,000 versus a total put value of 741,750,000 Combined total value = 2,379,000,000
Strike 6000 has a total call value of 2,310,750,000 versus a total put value of 351,000,000 Combined total value = 2,661,750,000
Strike 6050 has a total call value of 3,708,750,000 versus a total put value of 235,500,000 Combined total value = 3,944,250,000
Strike 6100 has a total call value of 5,210,250,000 versus a total put value of 151,500,000 Combined total value = 5,361,750,000
Strike 6150 has a total call value of 6,909,750,000 versus a total put value of 94,500,000 Combined total value = 7,004,250,000
Strike 6200 has a total call value of 8,703,750,000 versus a total put value of 43,500,000 Combined total value = 8,747,250,000
Strike 6250 has a total call value of 10,817,250,000 versus a total put value of 33,750,000 Combined total value = 10,851,000,000
Strike 6300 has a total call value of 13,052,250,000 versus a total put value of 24,000,000 Combined total value = 13,076,250,000
Strike 6350 has a total call value of 15,549,750,000 versus a total put value of 18,000,000 Combined total value = 15,567,750,000
Strike 6400 has a total call value of 18,097,500,000 versus a total put value of 12,000,000 Combined total value = 18,109,500,000
Strike 6450 has a total call value of 20,808,750,000 versus a total put value of 6,000,000 Combined total value = 20,814,750,000
Strike 6500 has a total call value of 23,520,750,000 versus a total put value of 0 Combined total value = 23,520,750,000
Strike 6550 has a total call value of 26,768,250,000 versus a total put value of 0 Combined total value = 26,768,250,000
Strike 6600 has a total call value of 30,016,500,000 versus a total put value of 0 Combined total value = 30,016,500,000
Strike 6650 has a total call value of 33,471,750,000 versus a total put value of 0 Combined total value = 33,471,750,000
Strike 6700 has a total call value of 36,927,000,000 versus a total put value of 0 Combined total value = 36,927,000,000
Strike 6750 has a total call value of 40,391,250,000 versus a total put value of 0 Combined total value = 40,391,250,000
Strike 6800 has a total call value of 43,855,500,000 versus a total put value of 0 Combined total value = 43,855,500,000
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.
