MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
21 Mar 2025 04:12 PM IST
Max Pain for MARUTI is 11700
Strike 10000 has a total call value of 0 versus a total put value of 154,897,500,000 Combined total value = 154,897,500,000
Strike 10100 has a total call value of 0 versus a total put value of 143,159,500,000 Combined total value = 143,159,500,000
Strike 10200 has a total call value of 0 versus a total put value of 131,421,500,000 Combined total value = 131,421,500,000
Strike 10300 has a total call value of 0 versus a total put value of 119,822,000,000 Combined total value = 119,822,000,000
Strike 10400 has a total call value of 0 versus a total put value of 108,222,500,000 Combined total value = 108,222,500,000
Strike 10500 has a total call value of 0 versus a total put value of 97,180,500,000 Combined total value = 97,180,500,000
Strike 10600 has a total call value of 0 versus a total put value of 86,854,000,000 Combined total value = 86,854,000,000
Strike 10700 has a total call value of 0 versus a total put value of 77,011,000,000 Combined total value = 77,011,000,000
Strike 10800 has a total call value of 0 versus a total put value of 67,743,500,000 Combined total value = 67,743,500,000
Strike 10900 has a total call value of 0 versus a total put value of 59,191,500,000 Combined total value = 59,191,500,000
Strike 11000 has a total call value of 0 versus a total put value of 51,007,500,000 Combined total value = 51,007,500,000
Strike 11100 has a total call value of 154,000,000 versus a total put value of 43,723,500,000 Combined total value = 43,877,500,000
Strike 11200 has a total call value of 308,000,000 versus a total put value of 36,856,500,000 Combined total value = 37,164,500,000
Strike 11300 has a total call value of 495,000,000 versus a total put value of 30,387,000,000 Combined total value = 30,882,000,000
Strike 11400 has a total call value of 760,000,000 versus a total put value of 24,385,000,000 Combined total value = 25,145,000,000
Strike 11500 has a total call value of 1,126,000,000 versus a total put value of 18,886,000,000 Combined total value = 20,012,000,000
Strike 11600 has a total call value of 1,876,000,000 versus a total put value of 14,730,500,000 Combined total value = 16,606,500,000
Strike 11700 has a total call value of 3,255,500,000 versus a total put value of 11,464,000,000 Combined total value = 14,719,500,000
Strike 11800 has a total call value of 6,109,000,000 versus a total put value of 9,095,000,000 Combined total value = 15,204,000,000
Strike 11900 has a total call value of 11,492,500,000 versus a total put value of 7,168,500,000 Combined total value = 18,661,000,000
Strike 12000 has a total call value of 18,460,000,000 versus a total put value of 5,477,500,000 Combined total value = 23,937,500,000
Strike 12100 has a total call value of 28,156,500,000 versus a total put value of 4,317,000,000 Combined total value = 32,473,500,000
Strike 12200 has a total call value of 39,202,000,000 versus a total put value of 3,266,000,000 Combined total value = 42,468,000,000
Strike 12300 has a total call value of 51,532,500,000 versus a total put value of 2,388,500,000 Combined total value = 53,921,000,000
Strike 12400 has a total call value of 65,307,500,000 versus a total put value of 1,685,000,000 Combined total value = 66,992,500,000
Strike 12500 has a total call value of 80,172,000,000 versus a total put value of 1,123,000,000 Combined total value = 81,295,000,000
Strike 12600 has a total call value of 97,699,000,000 versus a total put value of 800,000,000 Combined total value = 98,499,000,000
Strike 12700 has a total call value of 116,299,000,000 versus a total put value of 583,500,000 Combined total value = 116,882,500,000
Strike 12800 has a total call value of 135,509,500,000 versus a total put value of 367,000,000 Combined total value = 135,876,500,000
Strike 12900 has a total call value of 155,292,000,000 versus a total put value of 183,500,000 Combined total value = 155,475,500,000
Strike 13000 has a total call value of 175,511,000,000 versus a total put value of 0 Combined total value = 175,511,000,000
Strike 13100 has a total call value of 197,954,500,000 versus a total put value of 0 Combined total value = 197,954,500,000
Strike 13200 has a total call value of 220,612,500,000 versus a total put value of 0 Combined total value = 220,612,500,000
Strike 13300 has a total call value of 243,535,000,000 versus a total put value of 0 Combined total value = 243,535,000,000
Strike 13400 has a total call value of 266,618,500,000 versus a total put value of 0 Combined total value = 266,618,500,000
Strike 13500 has a total call value of 289,870,500,000 versus a total put value of 0 Combined total value = 289,870,500,000
Strike 13600 has a total call value of 313,581,500,000 versus a total put value of 0 Combined total value = 313,581,500,000
Strike 13700 has a total call value of 337,474,500,000 versus a total put value of 0 Combined total value = 337,474,500,000
Strike 13800 has a total call value of 361,398,000,000 versus a total put value of 0 Combined total value = 361,398,000,000
Strike 13900 has a total call value of 385,381,500,000 versus a total put value of 0 Combined total value = 385,381,500,000
Strike 14000 has a total call value of 409,365,000,000 versus a total put value of 0 Combined total value = 409,365,000,000
Strike 14100 has a total call value of 433,674,500,000 versus a total put value of 0 Combined total value = 433,674,500,000
Strike 14200 has a total call value of 457,984,000,000 versus a total put value of 0 Combined total value = 457,984,000,000
Strike 14300 has a total call value of 482,293,500,000 versus a total put value of 0 Combined total value = 482,293,500,000
Strike 14400 has a total call value of 506,603,000,000 versus a total put value of 0 Combined total value = 506,603,000,000
Strike 14500 has a total call value of 530,919,000,000 versus a total put value of 0 Combined total value = 530,919,000,000
Strike 14600 has a total call value of 555,284,000,000 versus a total put value of 0 Combined total value = 555,284,000,000
Strike 14700 has a total call value of 579,649,000,000 versus a total put value of 0 Combined total value = 579,649,000,000
Strike 14800 has a total call value of 604,016,500,000 versus a total put value of 0 Combined total value = 604,016,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 407.25 | 400 |
| ABB | 5457.5 | 5400 |
| ABCAPITAL | 185.52 | 175 |
| ABFRL | 253.26 | 250 |
| ACC | 1915.65 | 1940 |
| ADANIENSOL | 831.7 | 780 |
| ADANIENT | 2362.8 | 2360 |
| ADANIGREEN | 954.25 | 880 |
| ADANIPORTS | 1188.8 | 1160 |
| ALKEM | 4979 | 4800 |
| AMBUJACEM | 514.5 | 515 |
| ANGELONE | 2336.8 | 2100 |
| APLAPOLLO | 1511.55 | 1460 |
| APOLLOHOSP | 6611.55 | 6450 |
| APOLLOTYRE | 425.85 | 420 |
| ASHOKLEY | 210.84 | 210 |
| ASIANPAINT | 2300.4 | 2260 |
| ASTRAL | 1291.55 | 1300 |
| ATGL | 630.7 | 600 |
| AUBANK | 542.8 | 525 |
| AUROPHARMA | 1200.35 | 1160 |
| AXISBANK | 1070.15 | 1050 |
| BAJAJ-AUTO | 8067.85 | 7900 |
| BAJAJFINSV | 1847.25 | 1840 |
| BAJFINANCE | 8916.1 | 8700 |
| BALKRISIND | 2609.85 | 2580 |
| BANDHANBNK | 144.96 | 145 |
| BANKBARODA | 216.7 | 215 |
| BANKINDIA | 105.84 | 100 |
| BEL | 295.74 | 285 |
| BERGEPAINT | 500.3 | 500 |
| BHARATFORG | 1181.3 | 1120 |
| BHARTIARTL | 1725.8 | 1680 |
| BHEL | 211.95 | 205 |
| BIOCON | 344.1 | 335 |
| BOSCHLTD | 27432.25 | 28000 |
| BPCL | 279.66 | 270 |
| BRITANNIA | 4814 | 4750 |
| BSE | 4779.75 | 4500 |
| BSOFT | 404.35 | 410 |
| CAMS | 3815.7 | 3600 |
| CANBK | 87.54 | 87 |
| CDSL | 1216.3 | 1160 |
| CESC | 150.82 | 145 |
| CGPOWER | 641.25 | 620 |
| CHAMBLFERT | 597.05 | 580 |
| CHOLAFIN | 1538.5 | 1460 |
| CIPLA | 1523.85 | 1480 |
| COALINDIA | 405.4 | 395 |
| COFORGE | 7746.8 | 7500 |
| COLPAL | 2401.1 | 2480 |
| CONCOR | 689.65 | 680 |
| CROMPTON | 362.85 | 355 |
| CUMMINSIND | 2937.75 | 2900 |
| CYIENT | 1316.75 | 1260 |
| DABUR | 506.8 | 500 |
| DALBHARAT | 1747.4 | 1700 |
| DEEPAKNTR | 2057.8 | 1950 |
| DELHIVERY | 263.62 | 260 |
| DIVISLAB | 5797.35 | 5750 |
| DIXON | 14056.8 | 13750 |
| DLF | 695.9 | 690 |
| DMART | 3892.2 | 3800 |
| DRREDDY | 1200.15 | 1150 |
| EICHERMOT | 5305.95 | 5100 |
| ESCORTS | 3228.3 | 3100 |
| EXIDEIND | 358.65 | 360 |
| FEDERALBNK | 187.3 | 185 |
| GAIL | 175.05 | 171 |
| GLENMARK | 1514.75 | 1440 |
| GMRAIRPORT | 77.36 | 74 |
| GODREJCP | 1111.95 | 1070 |
| GODREJPROP | 2143.95 | 2100 |
| GRANULES | 507.45 | 500 |
| GRASIM | 2469.4 | 2420 |
| HAL | 3891.25 | 3700 |
| HAVELLS | 1480.8 | 1500 |
| HCLTECH | 1566.7 | 1580 |
| HDFCAMC | 3994.55 | 3900 |
| HDFCBANK | 1770.35 | 1760 |
| HDFCLIFE | 679.6 | 640 |
| HEROMOTOCO | 3629 | 3650 |
| HFCL | 82.81 | 85 |
| HINDALCO | 695.35 | 670 |
| HINDCOPPER | 229.91 | 220 |
| HINDPETRO | 356.95 | 340 |
| HINDUNILVR | 2246.2 | 2260 |
| HUDCO | 202.8 | 195 |
| ICICIBANK | 1343.1 | 1300 |
| ICICIGI | 1723.2 | 1700 |
| ICICIPRULI | 581.4 | 570 |
| IDEA | 7.62 | 8 |
| IDFCFIRSTB | 56.29 | 58 |
| IEX | 172.67 | 170 |
| IGL | 198.14 | 192.5 |
| IIFL | 340 | 320 |
| INDHOTEL | 824.7 | 790 |
| INDIANB | 547.95 | 520 |
| INDIGO | 5044.05 | 4900 |
| INDUSINDBK | 686.9 | 750 |
| INDUSTOWER | 348.85 | 340 |
| INFY | 1592.55 | 1620 |
| IOC | 131.51 | 127.5 |
| IRB | 46.8 | 45 |
| IRCTC | 722.2 | 710 |
| IREDA | 154.82 | 145 |
| IRFC | 129.66 | 125 |
| ITC | 405.55 | 405 |
| JINDALSTEL | 914.3 | 900 |
| JIOFIN | 229.12 | 225 |
| JKCEMENT | 4822.5 | 4600 |
| JSL | 625.7 | 630 |
| JSWENERGY | 559.7 | 530 |
| JSWSTEEL | 1058.7 | 1030 |
| JUBLFOOD | 629.05 | 630 |
| KALYANKJIL | 471.2 | 440 |
| KEI | 2890.3 | 2900 |
| KOTAKBANK | 2079 | 2020 |
| KPITTECH | 1323.4 | 1280 |
| LAURUSLABS | 611.2 | 590 |
| LICHSGFIN | 571.7 | 550 |
| LICI | 791.35 | 780 |
| LODHA | 1180.75 | 1160 |
| LT | 3415.95 | 3300 |
| LTF | 155.09 | 150 |
| LTIM | 4520.25 | 4500 |
| LTTS | 4670.4 | 4600 |
| LUPIN | 2114.7 | 2020 |
| M&M | 2801.85 | 2750 |
| M&MFIN | 291.35 | 280 |
| MANAPPURAM | 234.16 | 207.5 |
| MARICO | 630.8 | 620 |
| MARUTI | 11732.8 | 11700 |
| MAXHEALTH | 1170.25 | 1140 |
| MCX | 5464.1 | 5300 |
| MFSL | 1140.05 | 1100 |
| MGL | 1380 | 1340 |
| MOTHERSON | 131.34 | 130 |
| MPHASIS | 2429.95 | 2350 |
| MRF | 112050.15 | 110000 |
| MUTHOOTFIN | 2356.6 | 2340 |
| NATIONALUM | 185.52 | 190 |
| NAUKRI | 6916 | 6800 |
| NBCC | 83.73 | 80 |
| NCC | 206.03 | 195 |
| NESTLEIND | 2268.85 | 2240 |
| NHPC | 82.56 | 80 |
| NMDC | 67.51 | 68 |
| NTPC | 351.3 | 340 |
| NYKAA | 172.52 | 170 |
| OBEROIRLTY | 1652.5 | 1600 |
| OFSS | 7644.4 | 7750 |
| OIL | 393.6 | 390 |
| ONGC | 242.42 | 235 |
| PAGEIND | 42127.95 | 41000 |
| PATANJALI | 1761.05 | 1740 |
| PAYTM | 751.05 | 720 |
| PEL | 996.45 | 960 |
| PERSISTENT | 5275.55 | 5300 |
| PETRONET | 301.25 | 295 |
| PFC | 407.8 | 400 |
| PHOENIXLTD | 1666.15 | 1600 |
| PIDILITIND | 2825.5 | 2760 |
| PIIND | 3456.7 | 3300 |
| PNB | 93.14 | 92 |
| POLICYBZR | 1603 | 1500 |
| POLYCAB | 4992.3 | 5000 |
| POONAWALLA | 334.8 | 305 |
| POWERGRID | 283.1 | 275 |
| PRESTIGE | 1226.15 | 1150 |
| RAMCOCEM | 855.85 | 840 |
| RBLBANK | 168.3 | 165 |
| RECLTD | 428.95 | 420 |
| RELIANCE | 1276.35 | 1250 |
| SAIL | 115.3 | 110 |
| SBICARD | 857.5 | 845 |
| SBILIFE | 1546.4 | 1480 |
| SBIN | 753.2 | 740 |
| SHREECEM | 28987.4 | 28250 |
| SHRIRAMFIN | 676.8 | 650 |
| SIEMENS | 5200.65 | 5000 |
| SJVN | 95.23 | 90 |
| SOLARINDS | 10650.65 | 10200 |
| SONACOMS | 509.35 | 500 |
| SRF | 3024.35 | 2900 |
| SUNPHARMA | 1784.5 | 1680 |
| SUPREMEIND | 3427.85 | 3500 |
| SYNGENE | 716 | 700 |
| TATACHEM | 847.25 | 840 |
| TATACOMM | 1610 | 1540 |
| TATACONSUM | 961.2 | 970 |
| TATAELXSI | 5462.95 | 5400 |
| TATAMOTORS | 702.95 | 680 |
| TATAPOWER | 379.5 | 375 |
| TATASTEEL | 157.28 | 153 |
| TATATECH | 685.75 | 670 |
| TCS | 3578.1 | 3600 |
| TECHM | 1409.25 | 1440 |
| TIINDIA | 2872.15 | 2800 |
| TITAGARH | 784.5 | 760 |
| TITAN | 3162.7 | 3150 |
| TORNTPHARM | 3223.1 | 3100 |
| TORNTPOWER | 1498.55 | 1360 |
| TRENT | 5150.05 | 5100 |
| TVSMOTOR | 2413.85 | 2360 |
| ULTRACEMCO | 10976.75 | 10500 |
| UNIONBANK | 122.52 | 119 |
| UNITDSPR | 1391.6 | 1320 |
| UPL | 658.85 | 640 |
| USDINR | 86.015 | 77.25 |
| VBL | 537.95 | 520 |
| VEDL | 467.3 | 450 |
| VOLTAS | 1429.5 | 1400 |
| WIPRO | 264.3 | 270 |
| YESBANK | 17.17 | 17 |
| ZOMATO | 227.52 | 220 |
| ZYDUSLIFE | 918.6 | 900 |
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.
