MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
21 Nov 2024 02:22 PM IST
Max Pain for MARUTI is 11000
Strike 9200 has a total call value of 0 versus a total put value of 179,059,500,000 Combined total value = 179,059,500,000
Strike 9300 has a total call value of 0 versus a total put value of 168,063,500,000 Combined total value = 168,063,500,000
Strike 9400 has a total call value of 0 versus a total put value of 157,067,500,000 Combined total value = 157,067,500,000
Strike 9500 has a total call value of 0 versus a total put value of 146,071,500,000 Combined total value = 146,071,500,000
Strike 9600 has a total call value of 0 versus a total put value of 135,364,000,000 Combined total value = 135,364,000,000
Strike 9700 has a total call value of 0 versus a total put value of 124,771,500,000 Combined total value = 124,771,500,000
Strike 9800 has a total call value of 0 versus a total put value of 114,179,000,000 Combined total value = 114,179,000,000
Strike 9900 has a total call value of 0 versus a total put value of 103,586,500,000 Combined total value = 103,586,500,000
Strike 10000 has a total call value of 0 versus a total put value of 93,144,000,000 Combined total value = 93,144,000,000
Strike 10100 has a total call value of 17,500,000 versus a total put value of 83,861,500,000 Combined total value = 83,879,000,000
Strike 10200 has a total call value of 35,000,000 versus a total put value of 74,634,000,000 Combined total value = 74,669,000,000
Strike 10300 has a total call value of 52,500,000 versus a total put value of 65,556,000,000 Combined total value = 65,608,500,000
Strike 10400 has a total call value of 79,500,000 versus a total put value of 57,104,000,000 Combined total value = 57,183,500,000
Strike 10500 has a total call value of 111,500,000 versus a total put value of 49,036,000,000 Combined total value = 49,147,500,000
Strike 10600 has a total call value of 199,000,000 versus a total put value of 41,994,000,000 Combined total value = 42,193,000,000
Strike 10700 has a total call value of 359,500,000 versus a total put value of 35,570,500,000 Combined total value = 35,930,000,000
Strike 10800 has a total call value of 688,000,000 versus a total put value of 29,755,000,000 Combined total value = 30,443,000,000
Strike 10900 has a total call value of 1,245,000,000 versus a total put value of 24,653,500,000 Combined total value = 25,898,500,000
Strike 11000 has a total call value of 2,256,500,000 versus a total put value of 20,419,500,000 Combined total value = 22,676,000,000
Strike 11100 has a total call value of 5,576,000,000 versus a total put value of 17,414,500,000 Combined total value = 22,990,500,000
Strike 11200 has a total call value of 9,909,000,000 versus a total put value of 14,838,500,000 Combined total value = 24,747,500,000
Strike 11300 has a total call value of 16,374,500,000 versus a total put value of 12,683,500,000 Combined total value = 29,058,000,000
Strike 11400 has a total call value of 24,544,000,000 versus a total put value of 10,729,500,000 Combined total value = 35,273,500,000
Strike 11500 has a total call value of 34,391,000,000 versus a total put value of 9,018,500,000 Combined total value = 43,409,500,000
Strike 11600 has a total call value of 48,883,000,000 versus a total put value of 7,700,000,000 Combined total value = 56,583,000,000
Strike 11700 has a total call value of 65,588,000,000 versus a total put value of 6,498,000,000 Combined total value = 72,086,000,000
Strike 11800 has a total call value of 83,817,000,000 versus a total put value of 5,372,500,000 Combined total value = 89,189,500,000
Strike 11900 has a total call value of 103,805,500,000 versus a total put value of 4,247,000,000 Combined total value = 108,052,500,000
Strike 12000 has a total call value of 124,655,000,000 versus a total put value of 3,161,500,000 Combined total value = 127,816,500,000
Strike 12100 has a total call value of 151,051,000,000 versus a total put value of 2,581,500,000 Combined total value = 153,632,500,000
Strike 12200 has a total call value of 178,288,500,000 versus a total put value of 2,061,000,000 Combined total value = 180,349,500,000
Strike 12300 has a total call value of 206,464,000,000 versus a total put value of 1,586,000,000 Combined total value = 208,050,000,000
Strike 12400 has a total call value of 235,138,000,000 versus a total put value of 1,111,000,000 Combined total value = 236,249,000,000
Strike 12500 has a total call value of 264,311,000,000 versus a total put value of 692,000,000 Combined total value = 265,003,000,000
Strike 12600 has a total call value of 295,456,500,000 versus a total put value of 548,000,000 Combined total value = 296,004,500,000
Strike 12700 has a total call value of 326,905,500,000 versus a total put value of 404,000,000 Combined total value = 327,309,500,000
Strike 12800 has a total call value of 358,607,500,000 versus a total put value of 260,000,000 Combined total value = 358,867,500,000
Strike 12900 has a total call value of 390,598,000,000 versus a total put value of 130,000,000 Combined total value = 390,728,000,000
Strike 13000 has a total call value of 422,696,500,000 versus a total put value of 0 Combined total value = 422,696,500,000
Strike 13100 has a total call value of 456,947,000,000 versus a total put value of 0 Combined total value = 456,947,000,000
Strike 13200 has a total call value of 491,197,500,000 versus a total put value of 0 Combined total value = 491,197,500,000
Strike 13300 has a total call value of 525,565,000,000 versus a total put value of 0 Combined total value = 525,565,000,000
Strike 13400 has a total call value of 559,932,500,000 versus a total put value of 0 Combined total value = 559,932,500,000
Strike 13500 has a total call value of 594,300,000,000 versus a total put value of 0 Combined total value = 594,300,000,000
Strike 13600 has a total call value of 629,230,000,000 versus a total put value of 0 Combined total value = 629,230,000,000
Strike 13700 has a total call value of 664,160,000,000 versus a total put value of 0 Combined total value = 664,160,000,000
Strike 13800 has a total call value of 699,090,000,000 versus a total put value of 0 Combined total value = 699,090,000,000
Strike 13900 has a total call value of 734,020,000,000 versus a total put value of 0 Combined total value = 734,020,000,000
Strike 14000 has a total call value of 768,950,000,000 versus a total put value of 0 Combined total value = 768,950,000,000
Strike 14100 has a total call value of 804,252,000,000 versus a total put value of 0 Combined total value = 804,252,000,000
Strike 14200 has a total call value of 839,554,000,000 versus a total put value of 0 Combined total value = 839,554,000,000
Strike 14300 has a total call value of 874,856,000,000 versus a total put value of 0 Combined total value = 874,856,000,000
Strike 14400 has a total call value of 910,158,000,000 versus a total put value of 0 Combined total value = 910,158,000,000
Strike 14500 has a total call value of 945,460,000,000 versus a total put value of 0 Combined total value = 945,460,000,000
Strike 14600 has a total call value of 980,762,000,000 versus a total put value of 0 Combined total value = 980,762,000,000
Strike 14700 has a total call value of 1,016,064,000,000 versus a total put value of 0 Combined total value = 1,016,064,000,000
Strike 14800 has a total call value of 1,051,366,000,000 versus a total put value of 0 Combined total value = 1,051,366,000,000
Strike 14900 has a total call value of 1,086,668,000,000 versus a total put value of 0 Combined total value = 1,086,668,000,000
Strike 15000 has a total call value of 1,121,970,000,000 versus a total put value of 0 Combined total value = 1,121,970,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.95 | 470 |
| ABB | 6759.8 | 7000 |
| ABBOTINDIA | 27067.45 | 28000 |
| ABCAPITAL | 184.15 | 200 |
| ABFRL | 285 | 300 |
| ACC | 2042.95 | 2220 |
| ADANIENT | 2289 | 2620 |
| ADANIPORTS | 1135.9 | 1200 |
| ALKEM | 5586.35 | 5500 |
| AMBUJACEM | 495.5 | 540 |
| APOLLOHOSP | 6718 | 6900 |
| APOLLOTYRE | 482.5 | 480 |
| ASHOKLEY | 217.57 | 220 |
| ASIANPAINT | 2430.2 | 2540 |
| ASTRAL | 1713.05 | 1780 |
| ATUL | 7264.5 | 7500 |
| AUBANK | 594.2 | 590 |
| AUROPHARMA | 1219.2 | 1300 |
| AXISBANK | 1142.75 | 1150 |
| BAJAJ-AUTO | 9476.1 | 9700 |
| BAJAJFINSV | 1573.9 | 1620 |
| BAJFINANCE | 6479.9 | 6700 |
| BALKRISIND | 2739.3 | 2800 |
| BANDHANBNK | 166.8 | 180 |
| BANKBARODA | 229.7 | 240 |
| BATAINDIA | 1280.85 | 1310 |
| BEL | 274.65 | 285 |
| BERGEPAINT | 466.4 | 495 |
| BHARATFORG | 1298 | 1340 |
| BHARTIARTL | 1520.45 | 1540 |
| BHEL | 228.01 | 235 |
| BIOCON | 324.8 | 330 |
| BOSCHLTD | 34081.8 | 34000 |
| BPCL | 282.35 | 300 |
| BRITANNIA | 4764.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.94 | 100 |
| CANFINHOME | 822.3 | 830 |
| CHAMBLFERT | 459.05 | 480 |
| CHOLAFIN | 1210 | 1240 |
| CIPLA | 1461.6 | 1520 |
| COALINDIA | 404.5 | 425 |
| COFORGE | 8214 | 8000 |
| COLPAL | 2687 | 2800 |
| CONCOR | 769.05 | 810 |
| COROMANDEL | 1777.05 | 1720 |
| CROMPTON | 381.2 | 390 |
| CUB | 170.59 | 175 |
| CUMMINSIND | 3292.95 | 3400 |
| DABUR | 503.35 | 525 |
| DALBHARAT | 1778.25 | 1760 |
| DEEPAKNTR | 2625.05 | 2650 |
| DIVISLAB | 5952.8 | 5900 |
| DIXON | 15016.2 | 14750 |
| DLF | 778.25 | 780 |
| DRREDDY | 1193.3 | 1220 |
| EICHERMOT | 4887.85 | 4900 |
| ESCORTS | 3453.2 | 3600 |
| EXIDEIND | 415.9 | 440 |
| FEDERALBNK | 211.17 | 205 |
| GAIL | 188.5 | 197.5 |
| GLENMARK | 1466.05 | 1520 |
| GMRINFRA | 77.18 | 82 |
| GNFC | 557.5 | 570 |
| GODREJCP | 1180.65 | 1200 |
| GODREJPROP | 2713.45 | 2750 |
| GRANULES | 545.4 | 580 |
| GRASIM | 2547.7 | 2540 |
| GUJGASLTD | 453.95 | 480 |
| HAL | 3989.1 | 4200 |
| HAVELLS | 1633.45 | 1640 |
| HCLTECH | 1833 | 1820 |
| HDFCAMC | 4220.95 | 4300 |
| HDFCBANK | 1743.15 | 1740 |
| HDFCLIFE | 674.55 | 680 |
| HEROMOTOCO | 4754.5 | 4800 |
| HINDALCO | 645.3 | 650 |
| HINDCOPPER | 263.2 | 290 |
| HINDPETRO | 360 | 375 |
| HINDUNILVR | 2379.85 | 2480 |
| ICICIBANK | 1253.7 | 1260 |
| ICICIGI | 1815.2 | 1880 |
| ICICIPRULI | 680.25 | 690 |
| IDEA | 6.96 | 8 |
| IDFCFIRSTB | 63.26 | 66 |
| IEX | 161.4 | 170 |
| IGL | 311.75 | 330 |
| INDHOTEL | 790.05 | 760 |
| INDIAMART | 2249.95 | 2400 |
| INDIGO | 4062 | 4000 |
| INDUSINDBK | 976.2 | 1040 |
| INDUSTOWER | 330.35 | 340 |
| INFY | 1828.75 | 1800 |
| IOC | 130.97 | 140 |
| IPCALAB | 1570 | 1560 |
| IRCTC | 796.2 | 820 |
| ITC | 456.4 | 475 |
| JINDALSTEL | 873.2 | 900 |
| JKCEMENT | 4013 | 4000 |
| JSWSTEEL | 941.35 | 960 |
| JUBLFOOD | 610.5 | 620 |
| KOTAKBANK | 1737.6 | 1760 |
| LALPATHLAB | 3029.3 | 3100 |
| LAURUSLABS | 489.2 | 490 |
| LICHSGFIN | 612.1 | 630 |
| LT | 3492.3 | 3600 |
| LTF | 138.14 | 140 |
| LTIM | 5918.35 | 5900 |
| LTTS | 5185.25 | 5150 |
| LUPIN | 2041.1 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 257.25 | 265 |
| MANAPPURAM | 150.96 | 155 |
| MARICO | 590.25 | 600 |
| MARUTI | 10888.85 | 11000 |
| MCX | 6171.35 | 6200 |
| METROPOLIS | 2014.95 | 2060 |
| MFSL | 1172.45 | 1200 |
| MGL | 1118.5 | 1160 |
| MOTHERSON | 161.65 | 175 |
| MPHASIS | 2780.1 | 2850 |
| MRF | 123300 | 122500 |
| MUTHOOTFIN | 1908 | 1880 |
| NATIONALUM | 247.6 | 240 |
| NAUKRI | 7536.2 | 7700 |
| NAVINFLUOR | 3270 | 3400 |
| NESTLEIND | 2202 | 2280 |
| NMDC | 218.39 | 225 |
| NTPC | 355.75 | 370 |
| OBEROIRLTY | 1934 | 1960 |
| OFSS | 11145 | 11500 |
| ONGC | 241.8 | 250 |
| PAGEIND | 44545.05 | 45500 |
| PEL | 1052.8 | 1060 |
| PERSISTENT | 5732.55 | 5600 |
| PETRONET | 320.9 | 328 |
| PFC | 453.45 | 460 |
| PIDILITIND | 2944.9 | 3060 |
| PIIND | 4136.3 | 4200 |
| PNB | 96.96 | 102 |
| POLYCAB | 6403.65 | 6500 |
| POWERGRID | 322.65 | 320 |
| PVRINOX | 1444.65 | 1500 |
| RAMCOCEM | 915.15 | 900 |
| RBLBANK | 157.91 | 160 |
| RECLTD | 490.2 | 510 |
| RELIANCE | 1219.55 | 1290 |
| SAIL | 111.18 | 117.5 |
| SBICARD | 674.6 | 690 |
| SBILIFE | 1482 | 1520 |
| SBIN | 782.8 | 800 |
| SHREECEM | 24211.15 | 24500 |
| SHRIRAMFIN | 2808.95 | 2900 |
| SIEMENS | 6677.35 | 6800 |
| SRF | 2157.8 | 2260 |
| SUNPHARMA | 1767.9 | 1800 |
| SUNTV | 729.6 | 730 |
| SYNGENE | 845.3 | 870 |
| TATACHEM | 1057.1 | 1100 |
| TATACOMM | 1710.95 | 1780 |
| TATACONSUM | 911.6 | 950 |
| TATAMOTORS | 774.3 | 800 |
| TATAPOWER | 410.55 | 420 |
| TATASTEEL | 140.28 | 145 |
| TCS | 4068.85 | 4100 |
| TECHM | 1699 | 1680 |
| TITAN | 3173.75 | 3200 |
| TORNTPHARM | 3098.05 | 3150 |
| TRENT | 6427.55 | 6600 |
| TVSMOTOR | 2397.25 | 2450 |
| UBL | 1820.9 | 1880 |
| ULTRACEMCO | 10939.85 | 11000 |
| UNITDSPR | 1491.15 | 1480 |
| UPL | 564.45 | 540 |
| VEDL | 442.3 | 460 |
| VOLTAS | 1671.95 | 1700 |
| WIPRO | 556.8 | 560 |
| ZYDUSLIFE | 943.1 | 960 |
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.
