M&MFIN
M&M Fin. Services Ltd
Max pain for M&MFIN
21 May 2025 04:10 PM IST
Max Pain for M&MFIN is 257.85
Strike 194.6 has a total call value of 0 versus a total put value of 47,069,015,440 Combined total value = 47,069,015,440
Strike 195 has a total call value of 0 versus a total put value of 46,734,956,560 Combined total value = 46,734,956,560
Strike 199.45 has a total call value of 0 versus a total put value of 43,018,551,520 Combined total value = 43,018,551,520
Strike 200 has a total call value of 0 versus a total put value of 42,559,220,560 Combined total value = 42,559,220,560
Strike 204.35 has a total call value of 0 versus a total put value of 38,926,330,240 Combined total value = 38,926,330,240
Strike 205 has a total call value of 0 versus a total put value of 38,383,484,560 Combined total value = 38,383,484,560
Strike 209.2 has a total call value of 0 versus a total put value of 34,875,866,320 Combined total value = 34,875,866,320
Strike 210 has a total call value of 0 versus a total put value of 34,207,748,560 Combined total value = 34,207,748,560
Strike 214.05 has a total call value of 0 versus a total put value of 30,825,402,400 Combined total value = 30,825,402,400
Strike 215 has a total call value of 0 versus a total put value of 30,098,226,040 Combined total value = 30,098,226,040
Strike 218.9 has a total call value of 0 versus a total put value of 27,112,975,720 Combined total value = 27,112,975,720
Strike 220 has a total call value of 0 versus a total put value of 26,270,982,040 Combined total value = 26,270,982,040
Strike 223.8 has a total call value of 0 versus a total put value of 23,362,276,600 Combined total value = 23,362,276,600
Strike 225 has a total call value of 4,194,240 versus a total put value of 22,491,601,720 Combined total value = 22,495,795,960
Strike 228.65 has a total call value of 16,951,720 versus a total put value of 19,843,298,960 Combined total value = 19,860,250,680
Strike 230 has a total call value of 21,670,240 versus a total put value of 18,885,161,840 Combined total value = 18,906,832,080
Strike 233.5 has a total call value of 33,903,440 versus a total put value of 16,401,102,640 Combined total value = 16,435,006,080
Strike 235 has a total call value of 61,351,040 versus a total put value of 15,451,230,640 Combined total value = 15,512,581,680
Strike 238.4 has a total call value of 123,565,600 versus a total put value of 13,300,983,600 Combined total value = 13,424,549,200
Strike 240 has a total call value of 176,528,160 versus a total put value of 12,326,933,040 Combined total value = 12,503,461,200
Strike 243.25 has a total call value of 284,108,360 versus a total put value of 10,381,802,840 Combined total value = 10,665,911,200
Strike 245 has a total call value of 372,619,160 versus a total put value of 9,453,518,840 Combined total value = 9,826,138,000
Strike 248.1 has a total call value of 531,321,800 versus a total put value of 7,834,624,440 Combined total value = 8,365,946,240
Strike 250 has a total call value of 947,744,040 versus a total put value of 6,917,792,360 Combined total value = 7,865,536,400
Strike 253 has a total call value of 1,615,738,440 versus a total put value of 5,563,916,360 Combined total value = 7,179,654,800
Strike 255 has a total call value of 2,183,605,640 versus a total put value of 4,801,551,560 Combined total value = 6,985,157,200
Strike 257.85 has a total call value of 3,010,981,160 versus a total put value of 3,769,676,000 Combined total value = 6,780,657,160
Strike 260 has a total call value of 3,804,442,960 versus a total put value of 3,061,085,880 Combined total value = 6,865,528,840
Strike 262.7 has a total call value of 4,906,911,280 versus a total put value of 2,372,737,080 Combined total value = 7,279,648,360
Strike 265 has a total call value of 6,224,354,960 versus a total put value of 1,953,292,520 Combined total value = 8,177,647,480
Strike 267.55 has a total call value of 7,832,321,720 versus a total put value of 1,542,781,280 Combined total value = 9,375,103,000
Strike 270 has a total call value of 9,503,160,960 versus a total put value of 1,261,705,520 Combined total value = 10,764,866,480
Strike 272.45 has a total call value of 11,489,832,640 versus a total put value of 1,035,031,520 Combined total value = 12,524,864,160
Strike 275 has a total call value of 13,976,492,680 versus a total put value of 884,563,160 Combined total value = 14,861,055,840
Strike 277.3 has a total call value of 16,287,457,240 versus a total put value of 755,939,800 Combined total value = 17,043,397,040
Strike 280 has a total call value of 19,123,010,200 versus a total put value of 618,825,160 Combined total value = 19,741,835,360
Strike 282.15 has a total call value of 21,459,191,600 versus a total put value of 518,040,040 Combined total value = 21,977,231,640
Strike 285 has a total call value of 24,775,139,240 versus a total put value of 419,012,800 Combined total value = 25,194,152,040
Strike 287.05 has a total call value of 27,176,310,800 versus a total put value of 347,782,680 Combined total value = 27,524,093,480
Strike 290 has a total call value of 30,834,232,920 versus a total put value of 245,280,800 Combined total value = 31,079,513,720
Strike 291.9 has a total call value of 33,190,182,760 versus a total put value of 183,950,320 Combined total value = 33,374,133,080
Strike 295 has a total call value of 37,580,318,440 versus a total put value of 154,631,760 Combined total value = 37,734,950,200
Strike 296.75 has a total call value of 40,058,620,840 versus a total put value of 138,080,960 Combined total value = 40,196,701,800
Strike 300 has a total call value of 44,705,951,840 versus a total put value of 107,343,760 Combined total value = 44,813,295,600
Strike 301.65 has a total call value of 47,065,705,280 versus a total put value of 91,738,720 Combined total value = 47,157,444,000
Strike 305 has a total call value of 52,126,025,000 versus a total put value of 60,055,760 Combined total value = 52,186,080,760
Strike 306.5 has a total call value of 54,391,839,800 versus a total put value of 45,869,360 Combined total value = 54,437,709,160
Strike 310 has a total call value of 59,678,741,000 versus a total put value of 12,767,760 Combined total value = 59,691,508,760
Strike 311.35 has a total call value of 61,717,974,320 versus a total put value of 0 Combined total value = 61,717,974,320
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 468.8 | 460 |
ABB | 5886.5 | 5700 |
ABCAPITAL | 221.46 | 210 |
ABFRL | 268.95 | 275 |
ACC | 1941.4 | 1920 |
ADANIENSOL | 872.15 | 900 |
ADANIENT | 2500.4 | 2500 |
ADANIGREEN | 996.5 | 960 |
ADANIPORTS | 1384.6 | 1340 |
ALKEM | 5374 | 5300 |
AMBUJACEM | 567.8 | 570 |
ANGELONE | 2866.2 | 2650 |
APLAPOLLO | 1814.4 | 1700 |
APOLLOHOSP | 6984 | 6950 |
APOLLOTYRE | 488.1 | 485 |
ASHOKLEY | 244.61 | 232.5 |
ASIANPAINT | 2312.4 | 2340 |
ASTRAL | 1377.7 | 1380 |
ATGL | 663.35 | 650 |
AUBANK | 692.9 | 670 |
AUROPHARMA | 1204.1 | 1220 |
AXISBANK | 1197.8 | 1180 |
BAJAJ-AUTO | 8687.5 | 8500 |
BAJAJFINSV | 2037.3 | 2020 |
BAJFINANCE | 9197.5 | 9100 |
BALKRISIND | 2665.6 | 2700 |
BANDHANBNK | 168.22 | 167.5 |
BANKBARODA | 241.3 | 235 |
BANKINDIA | 117.96 | 115 |
BEL | 383 | 365 |
BHARATFORG | 1229 | 1200 |
BHARTIARTL | 1822.5 | 1820 |
BHEL | 247.42 | 245 |
BIOCON | 340.65 | 335 |
BOSCHLTD | 31655 | 31000 |
BPCL | 315.85 | 310 |
BRITANNIA | 5493.5 | 5500 |
BSE | 7305 | 7000 |
BSOFT | 424 | 420 |
CAMS | 3887.5 | 3850 |
CANBK | 107.84 | 104 |
CDSL | 1450.3 | 1400 |
CESC | 171.92 | 165 |
CGPOWER | 694 | 660 |
CHAMBLFERT | 603.85 | 630 |
CHOLAFIN | 1656 | 1600 |
CIPLA | 1482.4 | 1500 |
COALINDIA | 405.35 | 400 |
COFORGE | 8266 | 7800 |
COLPAL | 2659.3 | 2660 |
CONCOR | 731.55 | 720 |
CROMPTON | 349.05 | 345 |
CUMMINSIND | 2980.9 | 2900 |
CYIENT | 1304.6 | 1260 |
DABUR | 481.75 | 480 |
DALBHARAT | 2089.3 | 2000 |
DEEPAKNTR | 2090.2 | 2060 |
DELHIVERY | 348.1 | 340 |
DIVISLAB | 6552 | 6400 |
DIXON | 15612 | 16000 |
DLF | 775.15 | 750 |
DMART | 4112.7 | 4100 |
DRREDDY | 1224.7 | 1200 |
EICHERMOT | 5409 | 5500 |
ESCORTS | 3514.4 | 3400 |
ETERNAL | 229.97 | 230 |
EXIDEIND | 384.8 | 380 |
FEDERALBNK | 200.82 | 195 |
GAIL | 190.64 | 190 |
GLENMARK | 1440.1 | 1420 |
GMRAIRPORT | 87.63 | 88 |
GODREJCP | 1280 | 1270 |
GODREJPROP | 2181 | 2200 |
GRANULES | 517.9 | 500 |
GRASIM | 2706.9 | 2720 |
HAL | 5001.1 | 4850 |
HAVELLS | 1577.2 | 1600 |
HCLTECH | 1652 | 1600 |
HDFCAMC | 4815.5 | 4650 |
HDFCBANK | 1926.8 | 1920 |
HDFCLIFE | 759.7 | 730 |
HEROMOTOCO | 4263.8 | 4100 |
HFCL | 85.13 | 85 |
HINDALCO | 663 | 650 |
HINDCOPPER | 229.47 | 230 |
HINDPETRO | 404.9 | 400 |
HINDUNILVR | 2363.9 | 2360 |
HINDZINC | 442.05 | 440 |
HUDCO | 229.34 | 225 |
ICICIBANK | 1444.7 | 1440 |
ICICIGI | 1878.1 | 1880 |
ICICIPRULI | 618.15 | 610 |
IDEA | 6.76 | 7 |
IDFCFIRSTB | 66.67 | 67 |
IEX | 199.18 | 197.5 |
IGL | 207.56 | 200 |
IIFL | 413.15 | 400 |
INDHOTEL | 773.1 | 770 |
INDIANB | 601.7 | 590 |
INDIGO | 5461.5 | 5400 |
INDUSINDBK | 769.95 | 800 |
INDUSTOWER | 387.95 | 390 |
INFY | 1568.5 | 1540 |
INOXWIND | 185.76 | 180 |
IOC | 143.39 | 144 |
IRB | 51.35 | 50 |
IRCTC | 790.2 | 790 |
IREDA | 172.21 | 170 |
IRFC | 138.08 | 135 |
ITC | 433 | 430 |
JINDALSTEL | 968.5 | 940 |
JIOFIN | 274.35 | 265 |
JSL | 643.4 | 640 |
JSWENERGY | 504.8 | 490 |
JSWSTEEL | 1000.9 | 1000 |
JUBLFOOD | 674.4 | 680 |
KALYANKJIL | 552.05 | 540 |
KEI | 3431.4 | 3300 |
KOTAKBANK | 2071.3 | 2100 |
KPITTECH | 1331.6 | 1300 |
LAURUSLABS | 597.05 | 600 |
LICHSGFIN | 595.75 | 600 |
LICI | 853.8 | 840 |
LODHA | 1409 | 1360 |
LT | 3589 | 3500 |
LTF | 173.58 | 170 |
LTIM | 5033.8 | 4900 |
LUPIN | 1996 | 2020 |
M&M | 3090.7 | 3050 |
M&MFIN | 260.25 | 257.85 |
MANAPPURAM | 228.06 | 230 |
MARICO | 709.65 | 720 |
MARUTI | 12615 | 12200 |
MAXHEALTH | 1142.1 | 1160 |
MCX | 6370.5 | 6200 |
MFSL | 1396.7 | 1340 |
MGL | 1382 | 1380 |
MOTHERSON | 148.24 | 142.5 |
MPHASIS | 2557.6 | 2540 |
MRF | 142285 | 140000 |
MUTHOOTFIN | 2089.6 | 2100 |
NATIONALUM | 181.75 | 180 |
NAUKRI | 1475.5 | 1440 |
NBCC | 113.21 | 107 |
NCC | 233.54 | 230 |
NESTLEIND | 2392.6 | 2380 |
NHPC | 87.62 | 86 |
NMDC | 70.15 | 70 |
NTPC | 346.15 | 345 |
NYKAA | 200.48 | 200 |
OBEROIRLTY | 1731.9 | 1680 |
OFSS | 8383.5 | 8435 |
OIL | 426.5 | 420 |
ONGC | 248.68 | 240 |
PAGEIND | 47620 | 47000 |
PATANJALI | 1725 | 1780 |
PAYTM | 843.1 | 860 |
PEL | 1139 | 1100 |
PERSISTENT | 5670 | 5600 |
PETRONET | 321.75 | 320 |
PFC | 412.7 | 420 |
PHOENIXLTD | 1617.8 | 1600 |
PIDILITIND | 2986.2 | 3020 |
PIIND | 3709.9 | 3700 |
PNB | 101.9 | 100 |
PNBHOUSING | 1050.8 | 1060 |
POLICYBZR | 1726.7 | 1700 |
POLYCAB | 6055 | 5900 |
POONAWALLA | 397.2 | 390 |
POWERGRID | 296.15 | 302.5 |
PRESTIGE | 1432.6 | 1400 |
RAMCOCEM | 978.8 | 980 |
RBLBANK | 207.84 | 210 |
RECLTD | 400.2 | 410 |
RELIANCE | 1429.2 | 1390 |
SAIL | 124.88 | 120 |
SBICARD | 903.15 | 900 |
SBILIFE | 1763.9 | 1740 |
SBIN | 787.1 | 790 |
SHREECEM | 31490 | 31000 |
SHRIRAMFIN | 658 | 640 |
SIEMENS | 3290.8 | 3100 |
SJVN | 101.05 | 100 |
SOLARINDS | 14192 | 13750 |
SONACOMS | 525.05 | 510 |
SRF | 2951.3 | 3000 |
SUNPHARMA | 1731.8 | 1700 |
SUPREMEIND | 3826 | 3800 |
SYNGENE | 639.35 | 640 |
TATACHEM | 859.1 | 860 |
TATACOMM | 1664.7 | 1600 |
TATACONSUM | 1138.8 | 1130 |
TATAELXSI | 6184.5 | 6000 |
TATAMOTORS | 726.8 | 700 |
TATAPOWER | 401.85 | 400 |
TATASTEEL | 161.64 | 155 |
TATATECH | 757.2 | 700 |
TCS | 3525.8 | 3500 |
TECHM | 1598.2 | 1540 |
TIINDIA | 3002.7 | 3000 |
TITAGARH | 904.5 | 860 |
TITAN | 3580.5 | 3500 |
TORNTPHARM | 3289 | 3300 |
TORNTPOWER | 1398.7 | 1420 |
TRENT | 5443.5 | 5500 |
TVSMOTOR | 2767.3 | 2780 |
ULTRACEMCO | 11666 | 11800 |
UNIONBANK | 139.46 | 132.5 |
UNITDSPR | 1557.4 | 1540 |
UPL | 638.4 | 650 |
VBL | 479.15 | 500 |
VEDL | 437.75 | 440 |
VOLTAS | 1268.6 | 1280 |
WIPRO | 250.92 | 247.5 |
YESBANK | 20.98 | 21 |
ZOMATO | 0 | 80 |
ZYDUSLIFE | 889.65 | 890 |
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.