MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
20 Dec 2024 04:12 PM IST
Max Pain for MARUTI is 11100
Strike 9000 has a total call value of 0 versus a total put value of 189,899,000,000 Combined total value = 189,899,000,000
Strike 9100 has a total call value of 0 versus a total put value of 179,315,000,000 Combined total value = 179,315,000,000
Strike 9200 has a total call value of 0 versus a total put value of 168,731,000,000 Combined total value = 168,731,000,000
Strike 9300 has a total call value of 0 versus a total put value of 158,147,000,000 Combined total value = 158,147,000,000
Strike 9400 has a total call value of 0 versus a total put value of 147,563,000,000 Combined total value = 147,563,000,000
Strike 9500 has a total call value of 0 versus a total put value of 136,979,000,000 Combined total value = 136,979,000,000
Strike 9600 has a total call value of 0 versus a total put value of 126,395,000,000 Combined total value = 126,395,000,000
Strike 9700 has a total call value of 0 versus a total put value of 116,199,500,000 Combined total value = 116,199,500,000
Strike 9800 has a total call value of 0 versus a total put value of 106,004,500,000 Combined total value = 106,004,500,000
Strike 9900 has a total call value of 0 versus a total put value of 95,930,500,000 Combined total value = 95,930,500,000
Strike 10000 has a total call value of 0 versus a total put value of 86,073,000,000 Combined total value = 86,073,000,000
Strike 10100 has a total call value of 0 versus a total put value of 76,794,500,000 Combined total value = 76,794,500,000
Strike 10200 has a total call value of 0 versus a total put value of 67,663,500,000 Combined total value = 67,663,500,000
Strike 10300 has a total call value of 0 versus a total put value of 58,638,000,000 Combined total value = 58,638,000,000
Strike 10400 has a total call value of 0 versus a total put value of 49,757,500,000 Combined total value = 49,757,500,000
Strike 10500 has a total call value of 24,000,000 versus a total put value of 41,468,000,000 Combined total value = 41,492,000,000
Strike 10600 has a total call value of 204,000,000 versus a total put value of 34,360,500,000 Combined total value = 34,564,500,000
Strike 10700 has a total call value of 421,500,000 versus a total put value of 27,628,000,000 Combined total value = 28,049,500,000
Strike 10800 has a total call value of 711,500,000 versus a total put value of 21,408,500,000 Combined total value = 22,120,000,000
Strike 10900 has a total call value of 1,159,500,000 versus a total put value of 16,121,000,000 Combined total value = 17,280,500,000
Strike 11000 has a total call value of 2,133,000,000 versus a total put value of 11,624,500,000 Combined total value = 13,757,500,000
Strike 11100 has a total call value of 4,457,000,000 versus a total put value of 8,475,500,000 Combined total value = 12,932,500,000
Strike 11200 has a total call value of 7,792,000,000 versus a total put value of 5,728,000,000 Combined total value = 13,520,000,000
Strike 11300 has a total call value of 13,459,500,000 versus a total put value of 4,015,000,000 Combined total value = 17,474,500,000
Strike 11400 has a total call value of 21,757,000,000 versus a total put value of 3,070,500,000 Combined total value = 24,827,500,000
Strike 11500 has a total call value of 31,395,000,000 versus a total put value of 2,333,000,000 Combined total value = 33,728,000,000
Strike 11600 has a total call value of 45,077,000,000 versus a total put value of 1,860,000,000 Combined total value = 46,937,000,000
Strike 11700 has a total call value of 60,422,500,000 versus a total put value of 1,387,000,000 Combined total value = 61,809,500,000
Strike 11800 has a total call value of 76,755,500,000 versus a total put value of 987,000,000 Combined total value = 77,742,500,000
Strike 11900 has a total call value of 93,853,000,000 versus a total put value of 661,000,000 Combined total value = 94,514,000,000
Strike 12000 has a total call value of 111,555,000,000 versus a total put value of 335,000,000 Combined total value = 111,890,000,000
Strike 12100 has a total call value of 131,927,000,000 versus a total put value of 301,500,000 Combined total value = 132,228,500,000
Strike 12200 has a total call value of 152,808,000,000 versus a total put value of 268,000,000 Combined total value = 153,076,000,000
Strike 12300 has a total call value of 174,180,500,000 versus a total put value of 234,500,000 Combined total value = 174,415,000,000
Strike 12400 has a total call value of 195,834,500,000 versus a total put value of 201,000,000 Combined total value = 196,035,500,000
Strike 12500 has a total call value of 217,671,000,000 versus a total put value of 167,500,000 Combined total value = 217,838,500,000
Strike 12600 has a total call value of 240,312,000,000 versus a total put value of 134,000,000 Combined total value = 240,446,000,000
Strike 12700 has a total call value of 263,069,500,000 versus a total put value of 100,500,000 Combined total value = 263,170,000,000
Strike 12800 has a total call value of 285,827,000,000 versus a total put value of 67,000,000 Combined total value = 285,894,000,000
Strike 12900 has a total call value of 308,761,500,000 versus a total put value of 33,500,000 Combined total value = 308,795,000,000
Strike 13000 has a total call value of 331,696,000,000 versus a total put value of 0 Combined total value = 331,696,000,000
Strike 13100 has a total call value of 355,007,500,000 versus a total put value of 0 Combined total value = 355,007,500,000
Strike 13200 has a total call value of 378,319,000,000 versus a total put value of 0 Combined total value = 378,319,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 403.85 | 450 |
| ABB | 6921.25 | 7300 |
| ABBOTINDIA | 28655.35 | 28000 |
| ABCAPITAL | 186.21 | 200 |
| ABFRL | 282.2 | 300 |
| ACC | 2063.65 | 2260 |
| ADANIENSOL | 767.55 | 800 |
| ADANIENT | 2344.95 | 2500 |
| ADANIGREEN | 1034.35 | 1120 |
| ADANIPORTS | 1182.45 | 1240 |
| ALKEM | 5427.5 | 5500 |
| AMBUJACEM | 548.8 | 560 |
| ANGELONE | 2881.7 | 3100 |
| APLAPOLLO | 1559 | 1600 |
| APOLLOHOSP | 7251.7 | 7200 |
| APOLLOTYRE | 531.95 | 530 |
| ASHOKLEY | 217.28 | 225 |
| ASIANPAINT | 2282.35 | 2400 |
| ASTRAL | 1734.6 | 1820 |
| ATGL | 674.35 | 720 |
| ATUL | 7023.15 | 7300 |
| AUBANK | 537.6 | 570 |
| AUROPHARMA | 1241.7 | 1240 |
| AXISBANK | 1071.85 | 1120 |
| BAJAJ-AUTO | 8787.25 | 9000 |
| BAJAJFINSV | 1569.65 | 1640 |
| BAJFINANCE | 6848.25 | 7000 |
| BALKRISIND | 2790.05 | 2800 |
| BANDHANBNK | 159.05 | 170 |
| BANKBARODA | 240.59 | 250 |
| BANKINDIA | 103.03 | 110 |
| BATAINDIA | 1342.25 | 1400 |
| BEL | 290.85 | 310 |
| BERGEPAINT | 444.8 | 465 |
| BHARATFORG | 1278.9 | 1340 |
| BHARTIARTL | 1578.1 | 1600 |
| BHEL | 235.3 | 250 |
| BIOCON | 335.95 | 355 |
| BOSCHLTD | 34576.95 | 35000 |
| BPCL | 289.05 | 295 |
| BRITANNIA | 4698.1 | 4800 |
| BSE | 5542.85 | 5300 |
| BSOFT | 577 | 600 |
| CAMS | 4951 | 5100 |
| CANBK | 99.61 | 104 |
| CANFINHOME | 747.7 | 790 |
| CDSL | 1860.75 | 1860 |
| CESC | 182.74 | 190 |
| CGPOWER | 730.05 | 760 |
| CHAMBLFERT | 509.15 | 520 |
| CHOLAFIN | 1189.55 | 1260 |
| CIPLA | 1472.05 | 1480 |
| COALINDIA | 382 | 414.25 |
| COFORGE | 9370.45 | 9200 |
| COLPAL | 2750.85 | 2850 |
| CONCOR | 767.95 | 830 |
| COROMANDEL | 1839.3 | 1800 |
| CROMPTON | 388.25 | 405 |
| CUB | 175.42 | 180 |
| CUMMINSIND | 3312.9 | 3450 |
| CYIENT | 1924.4 | 2000 |
| DABUR | 502.55 | 510 |
| DALBHARAT | 1801.9 | 1880 |
| DEEPAKNTR | 2596.85 | 2700 |
| DELHIVERY | 349.6 | 365 |
| DIVISLAB | 5846.75 | 6000 |
| DIXON | 17944.9 | 18000 |
| DLF | 830.7 | 850 |
| DMART | 3408.3 | 3600 |
| DRREDDY | 1343.65 | 1300 |
| EICHERMOT | 4734.5 | 4800 |
| ESCORTS | 3162.05 | 3350 |
| EXIDEIND | 426.3 | 450 |
| FEDERALBNK | 194.46 | 205 |
| GAIL | 192.42 | 200 |
| GLENMARK | 1541.65 | 1520 |
| GMRAIRPORT | 78.82 | 85 |
| GMRINFRA | 0 | 36 |
| GNFC | 583.8 | 610 |
| GODREJCP | 1069.6 | 1120 |
| GODREJPROP | 2855.95 | 2900 |
| GRANULES | 592.4 | 580 |
| GRASIM | 2488.7 | 2620 |
| GUJGASLTD | 499.8 | 500 |
| HAL | 4190.2 | 4500 |
| HAVELLS | 1657.4 | 1720 |
| HCLTECH | 1911.35 | 1900 |
| HDFCAMC | 4262.8 | 4400 |
| HDFCBANK | 1771.5 | 1800 |
| HDFCLIFE | 623.8 | 640 |
| HEROMOTOCO | 4339.95 | 4600 |
| HFCL | 113.35 | 120 |
| HINDALCO | 622.65 | 650 |
| HINDCOPPER | 271.5 | 290 |
| HINDPETRO | 399.5 | 400 |
| HINDUNILVR | 2333.9 | 2400 |
| HUDCO | 242.11 | 245 |
| ICICIBANK | 1288.4 | 1300 |
| ICICIGI | 1902.15 | 1920 |
| ICICIPRULI | 653.9 | 670 |
| IDEA | 7.4 | 8 |
| IDFCFIRSTB | 61.68 | 65 |
| IEX | 177.45 | 182.5 |
| IGL | 388.3 | 370 |
| INDHOTEL | 854.1 | 850 |
| INDIAMART | 2249.95 | 2350 |
| INDIANB | 537.15 | 580 |
| INDIGO | 4395.6 | 4400 |
| INDUSINDBK | 929.45 | 980 |
| INDUSTOWER | 337.1 | 350 |
| INFY | 1922.15 | 1920 |
| IOC | 137.08 | 142.5 |
| IPCALAB | 1582.5 | 1560 |
| IRB | 55.09 | 57 |
| IRCTC | 784.25 | 830 |
| IRFC | 148.41 | 155 |
| ITC | 464.65 | 470 |
| JINDALSTEL | 908.05 | 940 |
| JIOFIN | 304.3 | 325 |
| JKCEMENT | 4517.8 | 4600 |
| JSL | 719.8 | 730 |
| JSWENERGY | 669.8 | 660 |
| JSWSTEEL | 917.35 | 950 |
| JUBLFOOD | 672.7 | 670 |
| KALYANKJIL | 719.2 | 740 |
| KEI | 4166.25 | 4400 |
| KOTAKBANK | 1743.55 | 1780 |
| KPITTECH | 1451.25 | 1500 |
| LALPATHLAB | 2946.25 | 3050 |
| LAURUSLABS | 559.2 | 570 |
| LICHSGFIN | 582.25 | 620 |
| LICI | 901.7 | 940 |
| LODHA | 1400.7 | 1440 |
| LT | 3629.85 | 3750 |
| LTF | 136.48 | 145 |
| LTIM | 5824.3 | 6150 |
| LTTS | 4828.5 | 5200 |
| LUPIN | 2150.7 | 2100 |
| M&M | 2906.35 | 3000 |
| M&MFIN | 266.05 | 275 |
| MANAPPURAM | 181.03 | 180 |
| MARICO | 627.95 | 630 |
| MARUTI | 10901.05 | 11100 |
| MAXHEALTH | 1165.2 | 1140 |
| MCX | 6397.4 | 6500 |
| METROPOLIS | 2058.05 | 2120 |
| MFSL | 1109.2 | 1140 |
| MGL | 1215.3 | 1260 |
| MOTHERSON | 156.06 | 165 |
| MPHASIS | 2950.6 | 3100 |
| MRF | 128057.9 | 130000 |
| MUTHOOTFIN | 2075.65 | 2060 |
| NATIONALUM | 215.36 | 232.5 |
| NAUKRI | 8494.95 | 8600 |
| NAVINFLUOR | 3305.85 | 3500 |
| NCC | 287.55 | 300 |
| NESTLEIND | 2163.5 | 2220 |
| NHPC | 81.47 | 85 |
| NMDC | 213.15 | 230 |
| NTPC | 333.25 | 350 |
| NYKAA | 167.33 | 170 |
| OBEROIRLTY | 2247.8 | 2200 |
| OFSS | 12247.55 | 12500 |
| OIL | 421.8 | 450 |
| ONGC | 237.1 | 250 |
| PAGEIND | 48856.35 | 48500 |
| PAYTM | 945.25 | 980 |
| PEL | 1093.7 | 1160 |
| PERSISTENT | 6368.7 | 6400 |
| PETRONET | 336.45 | 340 |
| PFC | 453.3 | 480 |
| PIDILITIND | 2976.8 | 3080 |
| PIIND | 3813.75 | 4000 |
| PNB | 100.77 | 105 |
| POLICYBZR | 2092.15 | 2000 |
| POLYCAB | 7178.25 | 7300 |
| POONAWALLA | 318.85 | 340 |
| POWERGRID | 315.8 | 325 |
| PRESTIGE | 1794.5 | 1800 |
| PVRINOX | 1382.1 | 1520 |
| RAMCOCEM | 986.1 | 1010 |
| RBLBANK | 152.79 | 160 |
| RECLTD | 513.25 | 530 |
| RELIANCE | 1205.3 | 1280 |
| SAIL | 116.1 | 125 |
| SBICARD | 687 | 710 |
| SBILIFE | 1400.6 | 1420 |
| SBIN | 812 | 840 |
| SHREECEM | 27063.5 | 27000 |
| SHRIRAMFIN | 2877.25 | 3000 |
| SIEMENS | 6868.9 | 7300 |
| SJVN | 111.54 | 117.5 |
| SONACOMS | 588.45 | 620 |
| SRF | 2277.6 | 2300 |
| SUNPHARMA | 1808.85 | 1800 |
| SUNTV | 696.85 | 730 |
| SUPREMEIND | 4839.8 | 4900 |
| SYNGENE | 844 | 860 |
| TATACHEM | 1028.85 | 1080 |
| TATACOMM | 1710.45 | 1800 |
| TATACONSUM | 889.45 | 930 |
| TATAELXSI | 6921.6 | 7200 |
| TATAMOTORS | 724.05 | 770 |
| TATAPOWER | 401.1 | 420 |
| TATASTEEL | 140.68 | 147.5 |
| TCS | 4170.3 | 4300 |
| TECHM | 1686.05 | 1740 |
| TIINDIA | 3619.1 | 3700 |
| TITAN | 3356.25 | 3400 |
| TORNTPHARM | 3437 | 3400 |
| TRENT | 6831.55 | 6900 |
| TVSMOTOR | 2391.65 | 2500 |
| UBL | 2025.35 | 2000 |
| ULTRACEMCO | 11422.8 | 11500 |
| UNIONBANK | 116.78 | 125 |
| UNITDSPR | 1544.8 | 1540 |
| UPL | 504.5 | 537.2 |
| VBL | 612.55 | 630 |
| VEDL | 477.25 | 490 |
| VOLTAS | 1686.5 | 1740 |
| WIPRO | 305.2 | 302.5 |
| YESBANK | 19.83 | 21 |
| ZOMATO | 282.1 | 285 |
| ZYDUSLIFE | 973.5 | 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.
