LUPIN
Lupin Limited
Max pain for LUPIN
12 Nov 2024 04:12 PM IST
Max Pain for LUPIN is 2120
Strike 1800 has a total call value of 0 versus a total put value of 84,222,250,000 Combined total value = 84,222,250,000
Strike 1820 has a total call value of 0 versus a total put value of 77,907,600,000 Combined total value = 77,907,600,000
Strike 1840 has a total call value of 0 versus a total put value of 71,592,950,000 Combined total value = 71,592,950,000
Strike 1860 has a total call value of 0 versus a total put value of 65,278,300,000 Combined total value = 65,278,300,000
Strike 1880 has a total call value of 0 versus a total put value of 59,035,900,000 Combined total value = 59,035,900,000
Strike 1900 has a total call value of 0 versus a total put value of 52,923,550,000 Combined total value = 52,923,550,000
Strike 1920 has a total call value of 0 versus a total put value of 47,501,400,000 Combined total value = 47,501,400,000
Strike 1940 has a total call value of 0 versus a total put value of 42,193,150,000 Combined total value = 42,193,150,000
Strike 1960 has a total call value of 0 versus a total put value of 36,989,450,000 Combined total value = 36,989,450,000
Strike 1980 has a total call value of 0 versus a total put value of 32,027,150,000 Combined total value = 32,027,150,000
Strike 2000 has a total call value of 0 versus a total put value of 27,188,100,000 Combined total value = 27,188,100,000
Strike 2020 has a total call value of 270,300,000 versus a total put value of 22,943,200,000 Combined total value = 23,213,500,000
Strike 2040 has a total call value of 558,450,000 versus a total put value of 18,844,500,000 Combined total value = 19,402,950,000
Strike 2060 has a total call value of 871,250,000 versus a total put value of 14,998,250,000 Combined total value = 15,869,500,000
Strike 2080 has a total call value of 1,214,650,000 versus a total put value of 11,342,400,000 Combined total value = 12,557,050,000
Strike 2100 has a total call value of 1,753,550,000 versus a total put value of 7,919,450,000 Combined total value = 9,673,000,000
Strike 2120 has a total call value of 3,582,750,000 versus a total put value of 5,542,850,000 Combined total value = 9,125,600,000
Strike 2140 has a total call value of 6,345,250,000 versus a total put value of 3,647,350,000 Combined total value = 9,992,600,000
Strike 2160 has a total call value of 10,392,950,000 versus a total put value of 2,278,850,000 Combined total value = 12,671,800,000
Strike 2180 has a total call value of 15,532,900,000 versus a total put value of 1,173,850,000 Combined total value = 16,706,750,000
Strike 2200 has a total call value of 21,196,450,000 versus a total put value of 379,950,000 Combined total value = 21,576,400,000
Strike 2220 has a total call value of 29,186,450,000 versus a total put value of 107,950,000 Combined total value = 29,294,400,000
Strike 2240 has a total call value of 37,655,850,000 versus a total put value of 42,500,000 Combined total value = 37,698,350,000
Strike 2260 has a total call value of 46,490,750,000 versus a total put value of 0 Combined total value = 46,490,750,000
Strike 2280 has a total call value of 55,679,250,000 versus a total put value of 0 Combined total value = 55,679,250,000
Strike 2300 has a total call value of 65,097,250,000 versus a total put value of 0 Combined total value = 65,097,250,000
Strike 2320 has a total call value of 75,888,850,000 versus a total put value of 0 Combined total value = 75,888,850,000
Strike 2340 has a total call value of 86,830,050,000 versus a total put value of 0 Combined total value = 86,830,050,000
Strike 2360 has a total call value of 97,969,300,000 versus a total put value of 0 Combined total value = 97,969,300,000
Strike 2380 has a total call value of 109,300,650,000 versus a total put value of 0 Combined total value = 109,300,650,000
Strike 2400 has a total call value of 120,807,950,000 versus a total put value of 0 Combined total value = 120,807,950,000
Strike 2420 has a total call value of 132,911,100,000 versus a total put value of 0 Combined total value = 132,911,100,000
Strike 2440 has a total call value of 145,014,250,000 versus a total put value of 0 Combined total value = 145,014,250,000
Strike 2460 has a total call value of 157,197,300,000 versus a total put value of 0 Combined total value = 157,197,300,000
Strike 2480 has a total call value of 169,380,350,000 versus a total put value of 0 Combined total value = 169,380,350,000
Strike 2500 has a total call value of 181,563,400,000 versus a total put value of 0 Combined total value = 181,563,400,000
Strike 2520 has a total call value of 194,353,350,000 versus a total put value of 0 Combined total value = 194,353,350,000
Strike 2540 has a total call value of 207,170,500,000 versus a total put value of 0 Combined total value = 207,170,500,000
Strike 2560 has a total call value of 219,987,650,000 versus a total put value of 0 Combined total value = 219,987,650,000
Strike 2580 has a total call value of 232,804,800,000 versus a total put value of 0 Combined total value = 232,804,800,000
Strike 2600 has a total call value of 245,621,950,000 versus a total put value of 0 Combined total value = 245,621,950,000
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.
