MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
25 Apr 2025 04:12 PM IST
Max Pain for MARUTI is 11800
Strike 9600 has a total call value of 0 versus a total put value of 208,182,000,000 Combined total value = 208,182,000,000
Strike 9700 has a total call value of 0 versus a total put value of 195,766,500,000 Combined total value = 195,766,500,000
Strike 9800 has a total call value of 0 versus a total put value of 183,351,000,000 Combined total value = 183,351,000,000
Strike 9900 has a total call value of 0 versus a total put value of 171,063,500,000 Combined total value = 171,063,500,000
Strike 10000 has a total call value of 0 versus a total put value of 158,776,000,000 Combined total value = 158,776,000,000
Strike 10100 has a total call value of 0 versus a total put value of 146,976,000,000 Combined total value = 146,976,000,000
Strike 10200 has a total call value of 0 versus a total put value of 135,221,000,000 Combined total value = 135,221,000,000
Strike 10300 has a total call value of 0 versus a total put value of 123,587,000,000 Combined total value = 123,587,000,000
Strike 10400 has a total call value of 0 versus a total put value of 111,953,000,000 Combined total value = 111,953,000,000
Strike 10500 has a total call value of 0 versus a total put value of 100,319,000,000 Combined total value = 100,319,000,000
Strike 10600 has a total call value of 0 versus a total put value of 89,390,000,000 Combined total value = 89,390,000,000
Strike 10700 has a total call value of 0 versus a total put value of 78,780,500,000 Combined total value = 78,780,500,000
Strike 10800 has a total call value of 0 versus a total put value of 68,302,000,000 Combined total value = 68,302,000,000
Strike 10900 has a total call value of 0 versus a total put value of 58,136,000,000 Combined total value = 58,136,000,000
Strike 11000 has a total call value of 0 versus a total put value of 48,335,000,000 Combined total value = 48,335,000,000
Strike 11100 has a total call value of 99,500,000 versus a total put value of 41,231,500,000 Combined total value = 41,331,000,000
Strike 11200 has a total call value of 208,500,000 versus a total put value of 34,458,000,000 Combined total value = 34,666,500,000
Strike 11300 has a total call value of 323,500,000 versus a total put value of 28,232,500,000 Combined total value = 28,556,000,000
Strike 11400 has a total call value of 448,500,000 versus a total put value of 22,274,000,000 Combined total value = 22,722,500,000
Strike 11500 has a total call value of 829,500,000 versus a total put value of 16,731,500,000 Combined total value = 17,561,000,000
Strike 11600 has a total call value of 1,521,000,000 versus a total put value of 12,513,500,000 Combined total value = 14,034,500,000
Strike 11700 has a total call value of 2,607,500,000 versus a total put value of 8,828,000,000 Combined total value = 11,435,500,000
Strike 11800 has a total call value of 4,216,000,000 versus a total put value of 5,672,500,000 Combined total value = 9,888,500,000
Strike 11900 has a total call value of 6,860,000,000 versus a total put value of 3,396,500,000 Combined total value = 10,256,500,000
Strike 12000 has a total call value of 10,281,000,000 versus a total put value of 1,612,500,000 Combined total value = 11,893,500,000
Strike 12100 has a total call value of 16,609,500,000 versus a total put value of 1,209,500,000 Combined total value = 17,819,000,000
Strike 12200 has a total call value of 23,368,500,000 versus a total put value of 874,500,000 Combined total value = 24,243,000,000
Strike 12300 has a total call value of 31,098,500,000 versus a total put value of 628,500,000 Combined total value = 31,727,000,000
Strike 12400 has a total call value of 39,917,000,000 versus a total put value of 416,500,000 Combined total value = 40,333,500,000
Strike 12500 has a total call value of 49,109,000,000 versus a total put value of 242,500,000 Combined total value = 49,351,500,000
Strike 12600 has a total call value of 60,031,500,000 versus a total put value of 194,000,000 Combined total value = 60,225,500,000
Strike 12700 has a total call value of 71,205,500,000 versus a total put value of 145,500,000 Combined total value = 71,351,000,000
Strike 12800 has a total call value of 82,643,000,000 versus a total put value of 97,000,000 Combined total value = 82,740,000,000
Strike 12900 has a total call value of 94,600,000,000 versus a total put value of 48,500,000 Combined total value = 94,648,500,000
Strike 13000 has a total call value of 106,867,500,000 versus a total put value of 0 Combined total value = 106,867,500,000
Strike 13100 has a total call value of 121,716,000,000 versus a total put value of 0 Combined total value = 121,716,000,000
Strike 13200 has a total call value of 136,710,000,000 versus a total put value of 0 Combined total value = 136,710,000,000
Strike 13300 has a total call value of 152,017,500,000 versus a total put value of 0 Combined total value = 152,017,500,000
Strike 13400 has a total call value of 167,325,000,000 versus a total put value of 0 Combined total value = 167,325,000,000
Strike 13500 has a total call value of 183,016,000,000 versus a total put value of 0 Combined total value = 183,016,000,000
Strike 13600 has a total call value of 198,707,000,000 versus a total put value of 0 Combined total value = 198,707,000,000
Strike 13700 has a total call value of 214,832,000,000 versus a total put value of 0 Combined total value = 214,832,000,000
Strike 13800 has a total call value of 230,957,000,000 versus a total put value of 0 Combined total value = 230,957,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 428.95 | 435 |
| ABB | 5499 | 5600 |
| ABCAPITAL | 195.94 | 205 |
| ABFRL | 264.15 | 270 |
| ACC | 1938 | 2040 |
| ADANIENSOL | 914.35 | 920 |
| ADANIENT | 2354.3 | 2520 |
| ADANIGREEN | 912.55 | 960 |
| ADANIPORTS | 1193 | 1240 |
| ALKEM | 5033.5 | 5100 |
| AMBUJACEM | 548.7 | 580 |
| ANGELONE | 2328.4 | 2400 |
| APLAPOLLO | 1616.9 | 1600 |
| APOLLOHOSP | 6953 | 7100 |
| APOLLOTYRE | 461.4 | 465 |
| ASHOKLEY | 225.04 | 225 |
| ASIANPAINT | 2431.6 | 2460 |
| ASTRAL | 1343.6 | 1380 |
| ATGL | 600 | 630 |
| AUBANK | 675.15 | 650 |
| AUROPHARMA | 1220.1 | 1220 |
| AXISBANK | 1166.3 | 1190 |
| BAJAJ-AUTO | 8034 | 8300 |
| BAJAJFINSV | 2045.5 | 2060 |
| BAJFINANCE | 9112 | 9200 |
| BALKRISIND | 2518.2 | 2560 |
| BANDHANBNK | 165.45 | 170 |
| BANKBARODA | 246.79 | 250 |
| BANKINDIA | 115.29 | 117 |
| BEL | 297.6 | 300 |
| BHARATFORG | 1088.5 | 1100 |
| BHARTIARTL | 1817.2 | 1840 |
| BHEL | 222.37 | 230 |
| BIOCON | 311.85 | 330 |
| BOSCHLTD | 27995 | 28000 |
| BPCL | 295.7 | 300 |
| BRITANNIA | 5420.5 | 5450 |
| BSE | 6303.5 | 6200 |
| BSOFT | 386.05 | 400 |
| CAMS | 3938.1 | 4000 |
| CANBK | 96.53 | 100 |
| CDSL | 1330.9 | 1300 |
| CESC | 153.96 | 160 |
| CGPOWER | 633.1 | 650 |
| CHAMBLFERT | 676.85 | 680 |
| CHOLAFIN | 1543.5 | 1540 |
| CIPLA | 1525.9 | 1540 |
| COALINDIA | 393.15 | 405 |
| COFORGE | 7390 | 7200 |
| COLPAL | 2671.4 | 2640 |
| CONCOR | 678.75 | 710 |
| CROMPTON | 334.85 | 340 |
| CUMMINSIND | 2861.1 | 2950 |
| CYIENT | 1170.8 | 1180 |
| DABUR | 484.6 | 490 |
| DALBHARAT | 1965.9 | 1920 |
| DEEPAKNTR | 1961.3 | 2000 |
| DELHIVERY | 304.9 | 300 |
| DIVISLAB | 6012.5 | 6100 |
| DIXON | 16219 | 16000 |
| DLF | 653.55 | 680 |
| DMART | 4375.2 | 4400 |
| DRREDDY | 1174.8 | 1180 |
| EICHERMOT | 5575.5 | 5700 |
| ESCORTS | 3333.7 | 3400 |
| ETERNAL | 228.81 | 230 |
| EXIDEIND | 370.5 | 385 |
| FEDERALBNK | 196.49 | 200 |
| GAIL | 186.74 | 195 |
| GLENMARK | 1360.7 | 1400 |
| GMRAIRPORT | 85.5 | 87 |
| GODREJCP | 1266.5 | 1240 |
| GODREJPROP | 2085.3 | 2100 |
| GRANULES | 452.55 | 480 |
| GRASIM | 2734.8 | 2700 |
| HAL | 4196.4 | 4300 |
| HAVELLS | 1599.8 | 1600 |
| HCLTECH | 1578.2 | 1560 |
| HDFCAMC | 4382.5 | 4400 |
| HDFCBANK | 1911.2 | 1920 |
| HDFCLIFE | 704.55 | 710 |
| HEROMOTOCO | 3895.5 | 3900 |
| HFCL | 81.15 | 85 |
| HINDALCO | 622.1 | 630 |
| HINDCOPPER | 213.48 | 230 |
| HINDPETRO | 380.7 | 390 |
| HINDUNILVR | 2332.2 | 2360 |
| HINDZINC | 445 | 450 |
| HUDCO | 220.24 | 225 |
| ICICIBANK | 1404.8 | 1410 |
| ICICIGI | 1854.1 | 1860 |
| ICICIPRULI | 595.8 | 600 |
| IDEA | 7.47 | 8 |
| IDFCFIRSTB | 66.08 | 66 |
| IEX | 190.5 | 192.5 |
| IGL | 178.2 | 180 |
| IIFL | 366.2 | 370 |
| INDHOTEL | 786.35 | 800 |
| INDIANB | 569.2 | 580 |
| INDIGO | 5313.5 | 5300 |
| INDUSINDBK | 822.35 | 820 |
| INDUSTOWER | 397.35 | 400 |
| INFY | 1480.2 | 1480 |
| INOXWIND | 172.14 | 170 |
| IOC | 134.65 | 139 |
| IRB | 46.91 | 48 |
| IRCTC | 751.85 | 780 |
| IREDA | 167.55 | 160 |
| IRFC | 128.8 | 130 |
| ITC | 427.8 | 430 |
| JINDALSTEL | 891.8 | 900 |
| JIOFIN | 253.05 | 255 |
| JSL | 559.4 | 580 |
| JSWENERGY | 482.7 | 500 |
| JSWSTEEL | 1028.4 | 1040 |
| JUBLFOOD | 694.3 | 700 |
| KALYANKJIL | 501.25 | 520 |
| KEI | 2967.1 | 3000 |
| KOTAKBANK | 2204.4 | 2200 |
| KPITTECH | 1221 | 1200 |
| LAURUSLABS | 625.65 | 640 |
| LICHSGFIN | 592.2 | 600 |
| LICI | 791.2 | 810 |
| LODHA | 1305.1 | 1300 |
| LT | 3272.1 | 3320 |
| LTF | 172.99 | 167.5 |
| LTIM | 4498.3 | 4500 |
| LUPIN | 2019.6 | 2060 |
| M&M | 2864.2 | 2900 |
| M&MFIN | 264.6 | 270 |
| MANAPPURAM | 226.93 | 230 |
| MARICO | 710.4 | 710 |
| MARUTI | 11698 | 11800 |
| MAXHEALTH | 1067.4 | 1100 |
| MCX | 6052.5 | 5800 |
| MFSL | 1266.4 | 1240 |
| MGL | 1279.6 | 1300 |
| MOTHERSON | 133.71 | 137.5 |
| MPHASIS | 2538.6 | 2500 |
| MRF | 128655 | 128000 |
| MUTHOOTFIN | 2093.2 | 2160 |
| NATIONALUM | 156.5 | 170 |
| NAUKRI | 7038.5 | 7100 |
| NBCC | 95.49 | 100 |
| NCC | 211.77 | 220 |
| NESTLEIND | 2413.5 | 2420 |
| NHPC | 86.07 | 88 |
| NMDC | 64.95 | 69 |
| NTPC | 356.45 | 365 |
| NYKAA | 191.57 | 190 |
| OBEROIRLTY | 1606.2 | 1640 |
| OFSS | 8604 | 8600 |
| OIL | 399.35 | 400 |
| ONGC | 246.33 | 250 |
| PAGEIND | 44605 | 45000 |
| PATANJALI | 1967 | 2000 |
| PAYTM | 875.65 | 880 |
| PEL | 981.2 | 1000 |
| PERSISTENT | 5273.5 | 5200 |
| PETRONET | 309.4 | 315 |
| PFC | 415.05 | 440 |
| PHOENIXLTD | 1629 | 1700 |
| PIDILITIND | 3011.2 | 3000 |
| PIIND | 3583.9 | 3650 |
| PNB | 99.29 | 103 |
| PNBHOUSING | 971.7 | 1000 |
| POLICYBZR | 1594.2 | 1640 |
| POLYCAB | 5507 | 5500 |
| POONAWALLA | 380.4 | 390 |
| POWERGRID | 306.5 | 315 |
| PRESTIGE | 1261.8 | 1300 |
| RAMCOCEM | 968.65 | 1000 |
| RBLBANK | 188.09 | 190 |
| RECLTD | 422.2 | 440 |
| RELIANCE | 1300.4 | 1300 |
| SAIL | 114.81 | 120 |
| SBICARD | 867.55 | 880 |
| SBILIFE | 1695.1 | 1680 |
| SBIN | 798.65 | 810 |
| SHREECEM | 30540 | 31000 |
| SHRIRAMFIN | 655.2 | 680 |
| SIEMENS | 2833.5 | 2900 |
| SJVN | 96.64 | 100 |
| SOLARINDS | 12757 | 13000 |
| SONACOMS | 453.65 | 460 |
| SRF | 2968.1 | 3000 |
| SUNPHARMA | 1787.4 | 1760 |
| SUPREMEIND | 3477.8 | 3500 |
| SYNGENE | 630.1 | 660 |
| TATACHEM | 826.45 | 880 |
| TATACOMM | 1569.6 | 1600 |
| TATACONSUM | 1155.7 | 1130 |
| TATAELXSI | 5612.5 | 5500 |
| TATAMOTORS | 655.25 | 670 |
| TATAPOWER | 387.6 | 400 |
| TATASTEEL | 138.85 | 142.5 |
| TATATECH | 693.2 | 680 |
| TCS | 3448 | 3400 |
| TECHM | 1462 | 1420 |
| TIINDIA | 2573.9 | 2600 |
| TITAGARH | 778.55 | 800 |
| TITAN | 3365.2 | 3360 |
| TORNTPHARM | 3238.9 | 3300 |
| TORNTPOWER | 1538.6 | 1600 |
| TRENT | 5145 | 5300 |
| TVSMOTOR | 2737.9 | 2700 |
| ULTRACEMCO | 12237 | 12000 |
| UNIONBANK | 124.94 | 130 |
| UNITDSPR | 1547.4 | 1520 |
| UPL | 661.85 | 670 |
| VBL | 521.95 | 530 |
| VEDL | 413.3 | 430 |
| VOLTAS | 1229.4 | 1300 |
| WIPRO | 240.9 | 242.5 |
| YESBANK | 17.77 | 18 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 859.65 | 870 |
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.
