MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
28 Feb 2025 04:12 PM IST
Max Pain for MARUTI is 12200
Strike 10800 has a total call value of 0 versus a total put value of 66,207,000,000 Combined total value = 66,207,000,000
Strike 10900 has a total call value of 0 versus a total put value of 59,612,000,000 Combined total value = 59,612,000,000
Strike 11000 has a total call value of 0 versus a total put value of 53,017,000,000 Combined total value = 53,017,000,000
Strike 11100 has a total call value of 94,500,000 versus a total put value of 47,335,000,000 Combined total value = 47,429,500,000
Strike 11200 has a total call value of 189,000,000 versus a total put value of 41,653,000,000 Combined total value = 41,842,000,000
Strike 11300 has a total call value of 283,500,000 versus a total put value of 36,213,500,000 Combined total value = 36,497,000,000
Strike 11400 has a total call value of 378,000,000 versus a total put value of 31,052,000,000 Combined total value = 31,430,000,000
Strike 11500 has a total call value of 472,500,000 versus a total put value of 26,088,500,000 Combined total value = 26,561,000,000
Strike 11600 has a total call value of 614,500,000 versus a total put value of 22,037,000,000 Combined total value = 22,651,500,000
Strike 11700 has a total call value of 770,500,000 versus a total put value of 18,260,500,000 Combined total value = 19,031,000,000
Strike 11800 has a total call value of 959,000,000 versus a total put value of 14,672,000,000 Combined total value = 15,631,000,000
Strike 11900 has a total call value of 1,251,000,000 versus a total put value of 11,459,000,000 Combined total value = 12,710,000,000
Strike 12000 has a total call value of 1,690,000,000 versus a total put value of 8,588,000,000 Combined total value = 10,278,000,000
Strike 12100 has a total call value of 2,624,000,000 versus a total put value of 6,638,500,000 Combined total value = 9,262,500,000
Strike 12200 has a total call value of 3,766,000,000 versus a total put value of 4,802,000,000 Combined total value = 8,568,000,000
Strike 12300 has a total call value of 5,208,500,000 versus a total put value of 3,438,500,000 Combined total value = 8,647,000,000
Strike 12400 has a total call value of 7,400,000,000 versus a total put value of 2,420,000,000 Combined total value = 9,820,000,000
Strike 12500 has a total call value of 10,010,500,000 versus a total put value of 1,630,500,000 Combined total value = 11,641,000,000
Strike 12600 has a total call value of 13,761,500,000 versus a total put value of 1,155,000,000 Combined total value = 14,916,500,000
Strike 12700 has a total call value of 17,880,500,000 versus a total put value of 782,000,000 Combined total value = 18,662,500,000
Strike 12800 has a total call value of 22,352,000,000 versus a total put value of 501,500,000 Combined total value = 22,853,500,000
Strike 12900 has a total call value of 27,186,000,000 versus a total put value of 277,000,000 Combined total value = 27,463,000,000
Strike 13000 has a total call value of 32,328,500,000 versus a total put value of 52,500,000 Combined total value = 32,381,000,000
Strike 13100 has a total call value of 38,732,500,000 versus a total put value of 44,000,000 Combined total value = 38,776,500,000
Strike 13200 has a total call value of 45,360,000,000 versus a total put value of 35,500,000 Combined total value = 45,395,500,000
Strike 13300 has a total call value of 52,275,000,000 versus a total put value of 27,000,000 Combined total value = 52,302,000,000
Strike 13400 has a total call value of 59,407,500,000 versus a total put value of 18,500,000 Combined total value = 59,426,000,000
Strike 13500 has a total call value of 66,730,500,000 versus a total put value of 10,000,000 Combined total value = 66,740,500,000
Strike 13600 has a total call value of 74,599,500,000 versus a total put value of 8,000,000 Combined total value = 74,607,500,000
Strike 13700 has a total call value of 82,676,500,000 versus a total put value of 6,000,000 Combined total value = 82,682,500,000
Strike 13800 has a total call value of 90,799,000,000 versus a total put value of 4,000,000 Combined total value = 90,803,000,000
Strike 13900 has a total call value of 98,999,000,000 versus a total put value of 2,000,000 Combined total value = 99,001,000,000
Strike 14000 has a total call value of 107,208,500,000 versus a total put value of 0 Combined total value = 107,208,500,000
Strike 14100 has a total call value of 116,031,500,000 versus a total put value of 0 Combined total value = 116,031,500,000
Strike 14200 has a total call value of 124,854,500,000 versus a total put value of 0 Combined total value = 124,854,500,000
Strike 14300 has a total call value of 133,677,500,000 versus a total put value of 0 Combined total value = 133,677,500,000
Strike 14400 has a total call value of 142,500,500,000 versus a total put value of 0 Combined total value = 142,500,500,000
Strike 14500 has a total call value of 151,337,000,000 versus a total put value of 0 Combined total value = 151,337,000,000
Strike 14600 has a total call value of 160,274,500,000 versus a total put value of 0 Combined total value = 160,274,500,000
Strike 14700 has a total call value of 169,212,000,000 versus a total put value of 0 Combined total value = 169,212,000,000
Strike 14800 has a total call value of 178,149,500,000 versus a total put value of 0 Combined total value = 178,149,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 376 | 400 |
| ABB | 4935.4 | 5200 |
| ABCAPITAL | 156.33 | 165 |
| ABFRL | 242.15 | 255 |
| ACC | 1818.55 | 2000 |
| ADANIENSOL | 650.9 | 680 |
| ADANIENT | 2096 | 2500 |
| ADANIGREEN | 774.4 | 820 |
| ADANIPORTS | 1069.4 | 1100 |
| ALKEM | 4646.2 | 4650 |
| AMBUJACEM | 464.95 | 510 |
| ANGELONE | 2169.15 | 2100 |
| APLAPOLLO | 1438.95 | 1460 |
| APOLLOHOSP | 6052.6 | 6200 |
| APOLLOTYRE | 374.3 | 400 |
| ASHOKLEY | 212.94 | 220 |
| ASIANPAINT | 2179.75 | 2260 |
| ASTRAL | 1337.25 | 1400 |
| ATGL | 557.15 | 560 |
| AUBANK | 565.7 | 555 |
| AUROPHARMA | 1058.3 | 1100 |
| AXISBANK | 1015.55 | 1030 |
| BAJAJ-AUTO | 7902.9 | 8300 |
| BAJAJFINSV | 1872.3 | 1900 |
| BAJFINANCE | 8530.3 | 8500 |
| BALKRISIND | 2615.65 | 2700 |
| BANDHANBNK | 141.19 | 145 |
| BANKBARODA | 197.07 | 215 |
| BANKINDIA | 95.16 | 100 |
| BEL | 246.25 | 260 |
| BERGEPAINT | 488.55 | 490 |
| BHARATFORG | 1016.5 | 1040 |
| BHARTIARTL | 1570.2 | 1620 |
| BHEL | 179.17 | 195 |
| BIOCON | 302.45 | 320 |
| BOSCHLTD | 26544 | 30000 |
| BPCL | 237.3 | 250 |
| BRITANNIA | 4595.45 | 4800 |
| BSE | 4633.7 | 5100 |
| BSOFT | 424.05 | 450 |
| CAMS | 3143.1 | 3300 |
| CANBK | 80.9 | 88 |
| CDSL | 1107.9 | 1200 |
| CESC | 130.79 | 135 |
| CGPOWER | 572.6 | 580 |
| CHAMBLFERT | 533.7 | 550 |
| CHOLAFIN | 1400.75 | 1400 |
| CIPLA | 1407.5 | 1460 |
| COALINDIA | 369.35 | 380 |
| COFORGE | 7362.15 | 7400 |
| COLPAL | 2464.6 | 2500 |
| CONCOR | 623.7 | 680 |
| CROMPTON | 321.15 | 330 |
| CUMMINSIND | 2717.95 | 2800 |
| CYIENT | 1267.15 | 1300 |
| DABUR | 493.3 | 510 |
| DALBHARAT | 1689.65 | 1700 |
| DEEPAKNTR | 1851.3 | 1900 |
| DELHIVERY | 249.85 | 260 |
| DIVISLAB | 5480.25 | 5650 |
| DIXON | 13935.85 | 14000 |
| DLF | 635.55 | 670 |
| DMART | 3403.95 | 3550 |
| DRREDDY | 1116.5 | 1150 |
| EICHERMOT | 4773.6 | 4950 |
| ESCORTS | 2868.95 | 3000 |
| EXIDEIND | 347.8 | 370 |
| FEDERALBNK | 177.62 | 180 |
| GAIL | 156.04 | 160 |
| GLENMARK | 1278.95 | 1300 |
| GMRAIRPORT | 69.47 | 71 |
| GODREJCP | 1005.15 | 1030 |
| GODREJPROP | 1936.3 | 2000 |
| GRANULES | 461.8 | 490 |
| GRASIM | 2306.65 | 2360 |
| HAL | 3088.2 | 3400 |
| HAVELLS | 1421.8 | 1440 |
| HCLTECH | 1575.05 | 1640 |
| HDFCAMC | 3628.3 | 3800 |
| HDFCBANK | 1732.4 | 1720 |
| HDFCLIFE | 608.5 | 620 |
| HEROMOTOCO | 3681.1 | 3800 |
| HFCL | 79.19 | 85 |
| HINDALCO | 634.35 | 630 |
| HINDCOPPER | 202.32 | 220 |
| HINDPETRO | 293.75 | 310 |
| HINDUNILVR | 2190.25 | 2300 |
| HUDCO | 165.14 | 180 |
| ICICIBANK | 1204.1 | 1250 |
| ICICIGI | 1690.95 | 1720 |
| ICICIPRULI | 551.6 | 560 |
| IDEA | 7.55 | 8 |
| IDFCFIRSTB | 58.39 | 61 |
| IEX | 155.93 | 165 |
| IGL | 189.48 | 195 |
| INDHOTEL | 716.1 | 740 |
| INDIANB | 510.8 | 520 |
| INDIGO | 4477.3 | 4500 |
| INDUSINDBK | 990.1 | 1040 |
| INDUSTOWER | 323.35 | 345 |
| INFY | 1687.7 | 1760 |
| IOC | 113.49 | 120 |
| IRB | 43.26 | 45 |
| IRCTC | 670.95 | 710 |
| IRFC | 112.42 | 115 |
| ITC | 395 | 405 |
| JINDALSTEL | 856.15 | 880 |
| JIOFIN | 207.61 | 220 |
| JKCEMENT | 4389.35 | 4500 |
| JSL | 584.85 | 610 |
| JSWENERGY | 464.1 | 460 |
| JSWSTEEL | 950.7 | 970 |
| JUBLFOOD | 626.1 | 650 |
| KALYANKJIL | 462.25 | 460 |
| KEI | 3070.15 | 3000 |
| KOTAKBANK | 1902.95 | 1940 |
| KPITTECH | 1197.4 | 1260 |
| LAURUSLABS | 527.2 | 540 |
| LICHSGFIN | 496.9 | 530 |
| LICI | 740.5 | 760 |
| LODHA | 1130.9 | 1200 |
| LT | 3163.85 | 3300 |
| LTF | 134.73 | 140 |
| LTIM | 4665.95 | 5000 |
| LTTS | 4533.2 | 4700 |
| LUPIN | 1904.65 | 1900 |
| M&M | 2585.1 | 2700 |
| M&MFIN | 270.6 | 280 |
| MANAPPURAM | 200.96 | 200 |
| MARICO | 600.6 | 620 |
| MARUTI | 11945.85 | 12200 |
| MAXHEALTH | 978.1 | 1020 |
| MCX | 4991.65 | 5400 |
| MFSL | 998.1 | 1040 |
| MGL | 1237.5 | 1300 |
| MOTHERSON | 118.59 | 125 |
| MPHASIS | 2247.25 | 2350 |
| MRF | 105373.7 | 110000 |
| MUTHOOTFIN | 2132.8 | 2200 |
| NATIONALUM | 177.6 | 186 |
| NAUKRI | 6992.65 | 7300 |
| NBCC | 72.86 | 77.5 |
| NCC | 175 | 180 |
| NESTLEIND | 2189.65 | 2260 |
| NHPC | 72.9 | 75 |
| NMDC | 62.48 | 69 |
| NTPC | 311.45 | 320 |
| NYKAA | 158.8 | 160 |
| OBEROIRLTY | 1484.5 | 1520 |
| OFSS | 7763.9 | 8000 |
| OIL | 342.7 | 370 |
| ONGC | 225.25 | 235 |
| PAGEIND | 40515.95 | 42000 |
| PAYTM | 714.95 | 740 |
| PEL | 872.4 | 940 |
| PERSISTENT | 5303.9 | 5400 |
| PETRONET | 283.3 | 290 |
| PFC | 364.3 | 390 |
| PHOENIXLTD | 1548.1 | 1500 |
| PIDILITIND | 2657.9 | 2800 |
| PIIND | 3013.95 | 3100 |
| PNB | 87.39 | 95 |
| POLICYBZR | 1463.6 | 1550 |
| POLYCAB | 4713.4 | 4900 |
| POONAWALLA | 281.3 | 280 |
| POWERGRID | 250.85 | 265 |
| PRESTIGE | 1126.6 | 1150 |
| RAMCOCEM | 829 | 850 |
| RBLBANK | 158.34 | 160 |
| RECLTD | 360.3 | 390 |
| RELIANCE | 1200.1 | 1250 |
| SAIL | 105.02 | 110 |
| SBICARD | 838.8 | 850 |
| SBILIFE | 1430.5 | 1480 |
| SBIN | 688.8 | 720 |
| SHREECEM | 27284 | 27250 |
| SHRIRAMFIN | 617.3 | 610 |
| SIEMENS | 4623.5 | 4800 |
| SJVN | 84.11 | 87.5 |
| SOLARINDS | 8710.6 | 9000 |
| SONACOMS | 493.9 | 500 |
| SRF | 2795.4 | 2800 |
| SUNPHARMA | 1593.25 | 1640 |
| SUPREMEIND | 3329 | 3500 |
| SYNGENE | 652.4 | 700 |
| TATACHEM | 777.35 | 840 |
| TATACOMM | 1352.5 | 1400 |
| TATACONSUM | 963.7 | 1000 |
| TATAELXSI | 5411.1 | 5500 |
| TATAMOTORS | 620.65 | 660 |
| TATAPOWER | 339.2 | 360 |
| TATASTEEL | 137.2 | 140 |
| TCS | 3483.25 | 3650 |
| TECHM | 1487.85 | 1560 |
| TIINDIA | 2462.15 | 2600 |
| TITAN | 3077.25 | 3200 |
| TORNTPHARM | 2948.1 | 3000 |
| TORNTPOWER | 1262.95 | 1300 |
| TRENT | 4851.55 | 5000 |
| TVSMOTOR | 2225.5 | 2320 |
| ULTRACEMCO | 10128.45 | 10500 |
| UNIONBANK | 112.1 | 115 |
| UNITDSPR | 1284.45 | 1300 |
| UPL | 632.95 | 640 |
| USDINR | 0 | 77.25 |
| VBL | 436.05 | 470 |
| VEDL | 394.75 | 430 |
| VOLTAS | 1320.1 | 1300 |
| WIPRO | 277.65 | 290 |
| YESBANK | 16.75 | 18 |
| ZOMATO | 222.1 | 230 |
| ZYDUSLIFE | 876.6 | 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.
