MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
14 Jan 2025 02:32 PM IST
Max Pain for MARUTI is 11600
Strike 9200 has a total call value of 0 versus a total put value of 354,714,500,000 Combined total value = 354,714,500,000
Strike 9300 has a total call value of 0 versus a total put value of 336,238,000,000 Combined total value = 336,238,000,000
Strike 9400 has a total call value of 0 versus a total put value of 317,761,500,000 Combined total value = 317,761,500,000
Strike 9500 has a total call value of 0 versus a total put value of 299,285,000,000 Combined total value = 299,285,000,000
Strike 9600 has a total call value of 0 versus a total put value of 280,929,000,000 Combined total value = 280,929,000,000
Strike 9700 has a total call value of 0 versus a total put value of 262,761,000,000 Combined total value = 262,761,000,000
Strike 9800 has a total call value of 0 versus a total put value of 244,831,500,000 Combined total value = 244,831,500,000
Strike 9900 has a total call value of 0 versus a total put value of 227,208,500,000 Combined total value = 227,208,500,000
Strike 10000 has a total call value of 0 versus a total put value of 209,744,000,000 Combined total value = 209,744,000,000
Strike 10100 has a total call value of 0 versus a total put value of 192,996,500,000 Combined total value = 192,996,500,000
Strike 10200 has a total call value of 0 versus a total put value of 176,358,000,000 Combined total value = 176,358,000,000
Strike 10300 has a total call value of 0 versus a total put value of 159,934,000,000 Combined total value = 159,934,000,000
Strike 10400 has a total call value of 0 versus a total put value of 143,854,500,000 Combined total value = 143,854,500,000
Strike 10500 has a total call value of 0 versus a total put value of 128,287,000,000 Combined total value = 128,287,000,000
Strike 10600 has a total call value of 0 versus a total put value of 113,923,000,000 Combined total value = 113,923,000,000
Strike 10700 has a total call value of 0 versus a total put value of 100,277,500,000 Combined total value = 100,277,500,000
Strike 10800 has a total call value of 0 versus a total put value of 87,284,000,000 Combined total value = 87,284,000,000
Strike 10900 has a total call value of 0 versus a total put value of 75,168,000,000 Combined total value = 75,168,000,000
Strike 11000 has a total call value of 0 versus a total put value of 63,340,000,000 Combined total value = 63,340,000,000
Strike 11100 has a total call value of 953,500,000 versus a total put value of 52,845,500,000 Combined total value = 53,799,000,000
Strike 11200 has a total call value of 2,167,000,000 versus a total put value of 42,920,500,000 Combined total value = 45,087,500,000
Strike 11300 has a total call value of 3,894,000,000 versus a total put value of 33,811,500,000 Combined total value = 37,705,500,000
Strike 11400 has a total call value of 6,982,000,000 versus a total put value of 25,896,500,000 Combined total value = 32,878,500,000
Strike 11500 has a total call value of 10,413,000,000 versus a total put value of 18,866,000,000 Combined total value = 29,279,000,000
Strike 11600 has a total call value of 15,419,000,000 versus a total put value of 13,234,000,000 Combined total value = 28,653,000,000
Strike 11700 has a total call value of 21,693,000,000 versus a total put value of 8,727,000,000 Combined total value = 30,420,000,000
Strike 11800 has a total call value of 29,527,500,000 versus a total put value of 5,516,500,000 Combined total value = 35,044,000,000
Strike 11900 has a total call value of 39,675,500,000 versus a total put value of 3,472,000,000 Combined total value = 43,147,500,000
Strike 12000 has a total call value of 51,495,000,000 versus a total put value of 2,002,000,000 Combined total value = 53,497,000,000
Strike 12100 has a total call value of 69,406,500,000 versus a total put value of 1,427,500,000 Combined total value = 70,834,000,000
Strike 12200 has a total call value of 88,246,500,000 versus a total put value of 1,021,000,000 Combined total value = 89,267,500,000
Strike 12300 has a total call value of 109,300,000,000 versus a total put value of 716,500,000 Combined total value = 110,016,500,000
Strike 12400 has a total call value of 131,118,000,000 versus a total put value of 429,500,000 Combined total value = 131,547,500,000
Strike 12500 has a total call value of 153,861,000,000 versus a total put value of 149,500,000 Combined total value = 154,010,500,000
Strike 12600 has a total call value of 177,947,000,000 versus a total put value of 120,000,000 Combined total value = 178,067,000,000
Strike 12700 has a total call value of 202,512,500,000 versus a total put value of 90,500,000 Combined total value = 202,603,000,000
Strike 12800 has a total call value of 227,330,000,000 versus a total put value of 61,000,000 Combined total value = 227,391,000,000
Strike 12900 has a total call value of 252,895,000,000 versus a total put value of 31,500,000 Combined total value = 252,926,500,000
Strike 13000 has a total call value of 278,647,500,000 versus a total put value of 2,000,000 Combined total value = 278,649,500,000
Strike 13100 has a total call value of 305,897,500,000 versus a total put value of 1,000,000 Combined total value = 305,898,500,000
Strike 13200 has a total call value of 333,242,500,000 versus a total put value of 0 Combined total value = 333,242,500,000
Strike 13300 has a total call value of 361,428,500,000 versus a total put value of 0 Combined total value = 361,428,500,000
Strike 13400 has a total call value of 389,765,000,000 versus a total put value of 0 Combined total value = 389,765,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 409 | 420 |
| ABB | 6141.9 | 6600 |
| ABBOTINDIA | 28281.1 | 29000 |
| ABCAPITAL | 174.25 | 182.5 |
| ABFRL | 269.75 | 280 |
| ACC | 1947.25 | 2060 |
| ADANIENSOL | 774.8 | 780 |
| ADANIENT | 2389.05 | 2500 |
| ADANIGREEN | 1003.1 | 1000 |
| ADANIPORTS | 1121.45 | 1180 |
| ALKEM | 5253.4 | 5400 |
| AMBUJACEM | 513.8 | 550 |
| ANGELONE | 2375 | 2500 |
| APLAPOLLO | 1474 | 1500 |
| APOLLOHOSP | 6692 | 7050 |
| APOLLOTYRE | 452.1 | 470 |
| ASHOKLEY | 210.23 | 220 |
| ASIANPAINT | 2240.2 | 2320 |
| ASTRAL | 1493.8 | 1600 |
| ATGL | 683.95 | 680 |
| ATUL | 6745.4 | 6800 |
| AUBANK | 575.9 | 565 |
| AUROPHARMA | 1176.35 | 1220 |
| AXISBANK | 1053.75 | 1080 |
| BAJAJ-AUTO | 8618.5 | 8900 |
| BAJAJFINSV | 1706 | 1640 |
| BAJFINANCE | 7331.75 | 7200 |
| BALKRISIND | 2706.7 | 2800 |
| BANDHANBNK | 145.59 | 160 |
| BANKBARODA | 223.92 | 240 |
| BANKINDIA | 94.16 | 98 |
| BATAINDIA | 1344.3 | 1380 |
| BEL | 268.3 | 280 |
| BERGEPAINT | 462.3 | 460 |
| BHARATFORG | 1191.95 | 1260 |
| BHARTIARTL | 1596.4 | 1600 |
| BHEL | 195.9 | 220 |
| BIOCON | 388.7 | 375 |
| BOSCHLTD | 31620.5 | 33000 |
| BPCL | 270.55 | 280 |
| BRITANNIA | 4866.85 | 4850 |
| BSE | 5452.05 | 5300 |
| BSOFT | 533.65 | 560 |
| CAMS | 4244.65 | 4700 |
| CANBK | 93.21 | 98 |
| CANFINHOME | 666.35 | 700 |
| CDSL | 1570 | 1700 |
| CESC | 153.55 | 160 |
| CGPOWER | 637.65 | 660 |
| CHAMBLFERT | 473.3 | 490 |
| CHOLAFIN | 1271.85 | 1260 |
| CIPLA | 1445.2 | 1500 |
| COALINDIA | 368.35 | 385 |
| COFORGE | 8556.45 | 9100 |
| COLPAL | 2704.85 | 2800 |
| CONCOR | 760.6 | 780 |
| COROMANDEL | 1825.5 | 1880 |
| CROMPTON | 358.55 | 370 |
| CUB | 167.24 | 170 |
| CUMMINSIND | 2937.1 | 3150 |
| CYIENT | 1695.65 | 1720 |
| DABUR | 510.55 | 515 |
| DALBHARAT | 1726.05 | 1740 |
| DEEPAKNTR | 2335.05 | 2450 |
| DELHIVERY | 324.4 | 335 |
| DIVISLAB | 5962 | 5900 |
| DIXON | 16186.15 | 17000 |
| DLF | 723.5 | 770 |
| DMART | 3470 | 3700 |
| DRREDDY | 1335.9 | 1350 |
| EICHERMOT | 5014.95 | 5000 |
| ESCORTS | 3429.5 | 3300 |
| EXIDEIND | 381.85 | 410 |
| FEDERALBNK | 192.79 | 197.5 |
| GAIL | 175.62 | 190 |
| GLENMARK | 1512.55 | 1560 |
| GMRAIRPORT | 71.37 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 535.7 | 550 |
| GODREJCP | 1137.2 | 1140 |
| GODREJPROP | 2301.25 | 2500 |
| GRANULES | 587.4 | 590 |
| GRASIM | 2295.95 | 2480 |
| GUJGASLTD | 487.15 | 495 |
| HAL | 3821.2 | 4150 |
| HAVELLS | 1539.95 | 1600 |
| HCLTECH | 1825 | 1840 |
| HDFCAMC | 3907.3 | 3950 |
| HDFCBANK | 1648 | 1700 |
| HDFCLIFE | 599.6 | 620 |
| HEROMOTOCO | 4100.8 | 4200 |
| HFCL | 97.85 | 105 |
| HINDALCO | 588.4 | 600 |
| HINDCOPPER | 226.79 | 250 |
| HINDPETRO | 371.9 | 390 |
| HINDUNILVR | 2372.5 | 2400 |
| HUDCO | 214.04 | 220 |
| ICICIBANK | 1238.65 | 1270 |
| ICICIGI | 1823.4 | 1860 |
| ICICIPRULI | 638.7 | 660 |
| IDEA | 8.1 | 8 |
| IDFCFIRSTB | 61.93 | 63 |
| IEX | 166.82 | 177.5 |
| IGL | 412.35 | 410 |
| INDHOTEL | 774.35 | 800 |
| INDIAMART | 2243.85 | 2300 |
| INDIANB | 504.15 | 520 |
| INDIGO | 3996.9 | 4300 |
| INDUSINDBK | 966 | 980 |
| INDUSTOWER | 339.7 | 340 |
| INFY | 1941.5 | 1940 |
| IOC | 126.58 | 135 |
| IPCALAB | 1586.8 | 1640 |
| IRB | 51.15 | 55 |
| IRCTC | 756.9 | 790 |
| IRFC | 134.37 | 137.5 |
| ITC | 436.25 | 445 |
| JINDALSTEL | 909.3 | 940 |
| JIOFIN | 272.15 | 285 |
| JKCEMENT | 4375.5 | 4500 |
| JSL | 627.45 | 630 |
| JSWENERGY | 549.25 | 570 |
| JSWSTEEL | 904.4 | 920 |
| JUBLFOOD | 707.9 | 730 |
| KALYANKJIL | 599.5 | 640 |
| KEI | 4032 | 4200 |
| KOTAKBANK | 1754.65 | 1800 |
| KPITTECH | 1327.3 | 1400 |
| LALPATHLAB | 2805 | 2950 |
| LAURUSLABS | 565.5 | 590 |
| LICHSGFIN | 551.75 | 580 |
| LICI | 822.2 | 860 |
| LODHA | 1143.6 | 1260 |
| LT | 3456.45 | 3600 |
| LTF | 133 | 140 |
| LTIM | 5791 | 5800 |
| LTTS | 4705.8 | 4800 |
| LUPIN | 2152.35 | 2240 |
| M&M | 3054.1 | 3100 |
| M&MFIN | 266.6 | 270 |
| MANAPPURAM | 177.3 | 190 |
| MARICO | 659 | 660 |
| MARUTI | 11720.7 | 11600 |
| MAXHEALTH | 1082.8 | 1140 |
| MCX | 5695.55 | 6000 |
| METROPOLIS | 1874.4 | 2000 |
| MFSL | 1054 | 1100 |
| MGL | 1275.1 | 1280 |
| MOTHERSON | 145.27 | 155 |
| MPHASIS | 2778.3 | 2900 |
| MRF | 114250 | 118000 |
| MUTHOOTFIN | 2121.1 | 2140 |
| NATIONALUM | 198.54 | 210 |
| NAUKRI | 7474.9 | 8000 |
| NAVINFLUOR | 3611.45 | 3650 |
| NCC | 245.85 | 260 |
| NESTLEIND | 2215.7 | 2200 |
| NHPC | 76.77 | 78 |
| NMDC | 63 | 67 |
| NTPC | 309.9 | 320 |
| NYKAA | 165.38 | 167.5 |
| OBEROIRLTY | 1985.8 | 2140 |
| OFSS | 10747.05 | 11500 |
| OIL | 467.5 | 460 |
| ONGC | 259.56 | 257.5 |
| PAGEIND | 46369.6 | 47000 |
| PAYTM | 820 | 880 |
| PEL | 1022.8 | 1080 |
| PERSISTENT | 5881.2 | 6200 |
| PETRONET | 324.95 | 335 |
| PFC | 417.2 | 440 |
| PIDILITIND | 2810 | 2900 |
| PIIND | 3470 | 3600 |
| PNB | 98.04 | 102 |
| POLICYBZR | 1735.2 | 1900 |
| POLYCAB | 6451.2 | 6700 |
| POONAWALLA | 308.3 | 315 |
| POWERGRID | 290.2 | 305 |
| PRESTIGE | 1427.4 | 1550 |
| PVRINOX | 1084 | 1180 |
| RAMCOCEM | 883.2 | 930 |
| RBLBANK | 153.22 | 160 |
| RECLTD | 475.55 | 500 |
| RELIANCE | 1233.5 | 1250 |
| SAIL | 105.8 | 110 |
| SBICARD | 732 | 730 |
| SBILIFE | 1494.65 | 1440 |
| SBIN | 750.9 | 780 |
| SHREECEM | 25075.45 | 25750 |
| SHRIRAMFIN | 541.6 | 570 |
| SIEMENS | 5858.25 | 6300 |
| SJVN | 94 | 100 |
| SONACOMS | 565.6 | 580 |
| SRF | 2499 | 2560 |
| SUNPHARMA | 1765.85 | 1820 |
| SUNTV | 657.3 | 670 |
| SUPREMEIND | 4375 | 4500 |
| SYNGENE | 827.55 | 850 |
| TATACHEM | 967.85 | 1020 |
| TATACOMM | 1677.95 | 1740 |
| TATACONSUM | 961.1 | 950 |
| TATAELXSI | 6074.35 | 6200 |
| TATAMOTORS | 771.75 | 780 |
| TATAPOWER | 355.85 | 380 |
| TATASTEEL | 126.86 | 135 |
| TCS | 4241 | 4200 |
| TECHM | 1657.2 | 1680 |
| TIINDIA | 3297.6 | 3550 |
| TITAN | 3323.6 | 3400 |
| TORNTPHARM | 3246.35 | 3350 |
| TRENT | 6159.2 | 6700 |
| TVSMOTOR | 2235.35 | 2320 |
| UBL | 1960 | 2000 |
| ULTRACEMCO | 10493.7 | 11100 |
| UNIONBANK | 103.57 | 110 |
| UNITDSPR | 1409.4 | 1500 |
| UPL | 540.5 | 530 |
| VBL | 567.1 | 600 |
| VEDL | 430.6 | 450 |
| VOLTAS | 1639.75 | 1720 |
| WIPRO | 293.05 | 295 |
| YESBANK | 17.91 | 19 |
| ZOMATO | 234.85 | 250 |
| ZYDUSLIFE | 995.5 | 1000 |
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.
