LUPIN
Lupin Limited
Max pain for LUPIN
14 Nov 2024 09:23 AM IST
Max Pain for LUPIN is 2100
Strike 1860 has a total call value of 0 versus a total put value of 47,260,850,000 Combined total value = 47,260,850,000
Strike 1880 has a total call value of 0 versus a total put value of 42,263,700,000 Combined total value = 42,263,700,000
Strike 1900 has a total call value of 0 versus a total put value of 37,400,850,000 Combined total value = 37,400,850,000
Strike 1920 has a total call value of 0 versus a total put value of 33,201,850,000 Combined total value = 33,201,850,000
Strike 1940 has a total call value of 0 versus a total put value of 29,103,150,000 Combined total value = 29,103,150,000
Strike 1960 has a total call value of 2,550,000 versus a total put value of 25,095,400,000 Combined total value = 25,097,950,000
Strike 1980 has a total call value of 27,200,000 versus a total put value of 21,290,800,000 Combined total value = 21,318,000,000
Strike 2000 has a total call value of 51,850,000 versus a total put value of 17,588,200,000 Combined total value = 17,640,050,000
Strike 2020 has a total call value of 332,350,000 versus a total put value of 14,534,150,000 Combined total value = 14,866,500,000
Strike 2040 has a total call value of 634,950,000 versus a total put value of 11,689,200,000 Combined total value = 12,324,150,000
Strike 2060 has a total call value of 1,097,350,000 versus a total put value of 9,140,050,000 Combined total value = 10,237,400,000
Strike 2080 has a total call value of 1,856,400,000 versus a total put value of 6,789,800,000 Combined total value = 8,646,200,000
Strike 2100 has a total call value of 2,837,300,000 versus a total put value of 4,692,000,000 Combined total value = 7,529,300,000
Strike 2120 has a total call value of 5,043,900,000 versus a total put value of 3,515,600,000 Combined total value = 8,559,500,000
Strike 2140 has a total call value of 8,017,200,000 versus a total put value of 2,339,200,000 Combined total value = 10,356,400,000
Strike 2160 has a total call value of 12,242,550,000 versus a total put value of 1,631,150,000 Combined total value = 13,873,700,000
Strike 2180 has a total call value of 17,488,750,000 versus a total put value of 923,100,000 Combined total value = 18,411,850,000
Strike 2200 has a total call value of 23,255,150,000 versus a total put value of 215,050,000 Combined total value = 23,470,200,000
Strike 2220 has a total call value of 31,511,200,000 versus a total put value of 0 Combined total value = 31,511,200,000
Strike 2240 has a total call value of 40,400,500,000 versus a total put value of 0 Combined total value = 40,400,500,000
Strike 2260 has a total call value of 49,678,250,000 versus a total put value of 0 Combined total value = 49,678,250,000
Strike 2280 has a total call value of 59,298,550,000 versus a total put value of 0 Combined total value = 59,298,550,000
Strike 2300 has a total call value of 69,152,600,000 versus a total put value of 0 Combined total value = 69,152,600,000
Strike 2320 has a total call value of 80,283,350,000 versus a total put value of 0 Combined total value = 80,283,350,000
Strike 2340 has a total call value of 91,414,100,000 versus a total put value of 0 Combined total value = 91,414,100,000
Strike 2360 has a total call value of 102,544,850,000 versus a total put value of 0 Combined total value = 102,544,850,000
Strike 2380 has a total call value of 113,675,600,000 versus a total put value of 0 Combined total value = 113,675,600,000
Strike 2400 has a total call value of 124,806,350,000 versus a total put value of 0 Combined total value = 124,806,350,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 430.15 | 440 |
| ABB | 6697.7 | 7100 |
| ABBOTINDIA | 27775.95 | 28000 |
| ABCAPITAL | 189.09 | 200 |
| ABFRL | 292.6 | 270 |
| ACC | 2192.6 | 2280 |
| ADANIENT | 2831 | 2920 |
| ADANIPORTS | 1285.1 | 1340 |
| ALKEM | 5587 | 5500 |
| AMBUJACEM | 544.65 | 560 |
| APOLLOHOSP | 6833.75 | 7000 |
| APOLLOTYRE | 466.7 | 470 |
| ASHOKLEY | 215.45 | 220 |
| ASIANPAINT | 2484.05 | 2540 |
| ASTRAL | 1726 | 1760 |
| ATUL | 7265.65 | 7400 |
| AUBANK | 568.45 | 590 |
| AUROPHARMA | 1260.35 | 1300 |
| AXISBANK | 1147.7 | 1160 |
| BAJAJ-AUTO | 9475.45 | 9700 |
| BAJAJFINSV | 1658.35 | 1700 |
| BAJFINANCE | 6580.7 | 6800 |
| BALKRISIND | 2739.9 | 2750 |
| BANDHANBNK | 165.84 | 175 |
| BANKBARODA | 245.55 | 250 |
| BATAINDIA | 1327.1 | 1320 |
| BEL | 278.4 | 290 |
| BERGEPAINT | 488.65 | 500 |
| BHARATFORG | 1323.95 | 1380 |
| BHARTIARTL | 1547.3 | 1580 |
| BHEL | 222.9 | 235 |
| BIOCON | 334.2 | 335 |
| BOSCHLTD | 33474 | 34000 |
| BPCL | 303.25 | 310 |
| BRITANNIA | 4990 | 5100 |
| BSOFT | 551.5 | 560 |
| CANBK | 99.7 | 103 |
| CANFINHOME | 817.55 | 840 |
| CHAMBLFERT | 461.65 | 480 |
| CHOLAFIN | 1185.1 | 1260 |
| CIPLA | 1492.7 | 1540 |
| COALINDIA | 407.7 | 424.25 |
| COFORGE | 8131.1 | 8000 |
| COLPAL | 2760.15 | 2850 |
| CONCOR | 782.3 | 810 |
| COROMANDEL | 1669.6 | 1700 |
| CROMPTON | 381.7 | 400 |
| CUB | 171.95 | 175 |
| CUMMINSIND | 3300 | 3500 |
| DABUR | 510.05 | 530 |
| DALBHARAT | 1691 | 1780 |
| DEEPAKNTR | 2473.05 | 2600 |
| DIVISLAB | 5752 | 5900 |
| DIXON | 14821.4 | 14500 |
| DLF | 757 | 780 |
| DRREDDY | 1240.5 | 1270 |
| EICHERMOT | 4908.7 | 4800 |
| ESCORTS | 3486.7 | 3600 |
| EXIDEIND | 417.55 | 440 |
| FEDERALBNK | 199.42 | 202.5 |
| GAIL | 189.24 | 195 |
| GLENMARK | 1535.8 | 1600 |
| GMRINFRA | 76.4 | 80 |
| GNFC | 546.05 | 560 |
| GODREJCP | 1184.85 | 1200 |
| GODREJPROP | 2572.35 | 2700 |
| GRANULES | 532 | 490 |
| GRASIM | 2504.1 | 2500 |
| GUJGASLTD | 492 | 510 |
| HAL | 4005.65 | 4300 |
| HAVELLS | 1609.65 | 1640 |
| HCLTECH | 1895.65 | 1820 |
| HDFCAMC | 4307.6 | 4350 |
| HDFCBANK | 1691.25 | 1720 |
| HDFCLIFE | 687.3 | 700 |
| HEROMOTOCO | 4520.3 | 4800 |
| HINDALCO | 632.05 | 650 |
| HINDCOPPER | 261.6 | 290 |
| HINDPETRO | 367 | 380 |
| HINDUNILVR | 2436.6 | 2500 |
| ICICIBANK | 1256 | 1260 |
| ICICIGI | 1867.7 | 1900 |
| ICICIPRULI | 691.35 | 710 |
| IDEA | 7.46 | 8 |
| IDFCFIRSTB | 63.96 | 65 |
| IEX | 162.39 | 170 |
| IGL | 414.2 | 420 |
| INDHOTEL | 719.4 | 710 |
| INDIAMART | 2312.55 | 2300 |
| INDIGO | 3870 | 3950 |
| INDUSINDBK | 1038.4 | 1060 |
| INDUSTOWER | 317.7 | 340 |
| INFY | 1874.95 | 1820 |
| IOC | 135.05 | 140 |
| IPCALAB | 1505.8 | 1520 |
| IRCTC | 795.75 | 830 |
| ITC | 471.4 | 480 |
| JINDALSTEL | 873.4 | 900 |
| JKCEMENT | 3958.9 | 4150 |
| JSWSTEEL | 934.7 | 960 |
| JUBLFOOD | 617.85 | 620 |
| KOTAKBANK | 1690.8 | 1760 |
| LALPATHLAB | 2943.35 | 3100 |
| LAURUSLABS | 479.65 | 490 |
| LICHSGFIN | 612.4 | 630 |
| LT | 3527.85 | 3600 |
| LTF | 136.26 | 140 |
| LTIM | 5946 | 5950 |
| LTTS | 5168.25 | 5200 |
| LUPIN | 2023.25 | 2100 |
| M&M | 2761.55 | 2850 |
| M&MFIN | 259 | 270 |
| MANAPPURAM | 159.78 | 157.5 |
| MARICO | 595.6 | 610 |
| MARUTI | 10963.5 | 11100 |
| MCX | 6057.4 | 6200 |
| METROPOLIS | 2038.6 | 2100 |
| MFSL | 1209.25 | 1200 |
| MGL | 1326.45 | 1400 |
| MOTHERSON | 162.67 | 170 |
| MPHASIS | 2872.45 | 2900 |
| MRF | 120771.1 | 120000 |
| MUTHOOTFIN | 1762.3 | 1820 |
| NATIONALUM | 225.04 | 225 |
| NAUKRI | 7579.75 | 7700 |
| NAVINFLUOR | 3281 | 3350 |
| NESTLEIND | 2231.85 | 2300 |
| NMDC | 225.75 | 225 |
| NTPC | 383.25 | 390 |
| OBEROIRLTY | 1948.6 | 2000 |
| OFSS | 11919.9 | 11500 |
| ONGC | 251.8 | 260 |
| PAGEIND | 45835.65 | 46000 |
| PEL | 1020.95 | 1020 |
| PERSISTENT | 5767.95 | 5600 |
| PETRONET | 316.5 | 328 |
| PFC | 464.2 | 460 |
| PIDILITIND | 2980 | 3100 |
| PIIND | 4098.6 | 4300 |
| PNB | 101.4 | 105 |
| POLYCAB | 6353.85 | 6500 |
| POWERGRID | 313.2 | 320 |
| PVRINOX | 1458.45 | 1480 |
| RAMCOCEM | 892.85 | 880 |
| RBLBANK | 153.7 | 160 |
| RECLTD | 508.95 | 520 |
| RELIANCE | 1259.5 | 1300 |
| SAIL | 112.68 | 115 |
| SBICARD | 686 | 690 |
| SBILIFE | 1554.95 | 1580 |
| SBIN | 812.2 | 830 |
| SHREECEM | 23827.3 | 24250 |
| SHRIRAMFIN | 2817.55 | 3000 |
| SIEMENS | 6631 | 6900 |
| SRF | 2197.85 | 2280 |
| SUNPHARMA | 1778.6 | 1820 |
| SUNTV | 724.95 | 730 |
| SYNGENE | 859 | 880 |
| TATACHEM | 1044.8 | 1100 |
| TATACOMM | 1757.4 | 1780 |
| TATACONSUM | 951.95 | 980 |
| TATAMOTORS | 785.4 | 810 |
| TATAPOWER | 403.7 | 425 |
| TATASTEEL | 139.21 | 147.5 |
| TCS | 4150.8 | 4150 |
| TECHM | 1684.2 | 1660 |
| TITAN | 3180.75 | 3200 |
| TORNTPHARM | 3113.4 | 3100 |
| TRENT | 6458 | 6600 |
| TVSMOTOR | 2378.65 | 2400 |
| UBL | 1867 | 1900 |
| ULTRACEMCO | 10578.75 | 11000 |
| UNITDSPR | 1431.3 | 1460 |
| UPL | 514.9 | 530 |
| VEDL | 433.65 | 460 |
| VOLTAS | 1707.05 | 1700 |
| WIPRO | 572.4 | 560 |
| ZYDUSLIFE | 971.3 | 980 |
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.
