MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
12 Nov 2024 04:12 PM IST
Max Pain for MARUTI is 11300
Strike 9200 has a total call value of 0 versus a total put value of 184,119,500,000 Combined total value = 184,119,500,000
Strike 9300 has a total call value of 0 versus a total put value of 173,582,000,000 Combined total value = 173,582,000,000
Strike 9400 has a total call value of 0 versus a total put value of 163,044,500,000 Combined total value = 163,044,500,000
Strike 9500 has a total call value of 0 versus a total put value of 152,507,000,000 Combined total value = 152,507,000,000
Strike 9600 has a total call value of 0 versus a total put value of 142,243,500,000 Combined total value = 142,243,500,000
Strike 9700 has a total call value of 0 versus a total put value of 132,088,000,000 Combined total value = 132,088,000,000
Strike 9800 has a total call value of 0 versus a total put value of 121,932,500,000 Combined total value = 121,932,500,000
Strike 9900 has a total call value of 0 versus a total put value of 111,777,000,000 Combined total value = 111,777,000,000
Strike 10000 has a total call value of 0 versus a total put value of 101,623,500,000 Combined total value = 101,623,500,000
Strike 10100 has a total call value of 21,500,000 versus a total put value of 92,402,500,000 Combined total value = 92,424,000,000
Strike 10200 has a total call value of 43,000,000 versus a total put value of 83,181,500,000 Combined total value = 83,224,500,000
Strike 10300 has a total call value of 64,500,000 versus a total put value of 73,960,500,000 Combined total value = 74,025,000,000
Strike 10400 has a total call value of 86,000,000 versus a total put value of 65,190,500,000 Combined total value = 65,276,500,000
Strike 10500 has a total call value of 107,500,000 versus a total put value of 56,694,000,000 Combined total value = 56,801,500,000
Strike 10600 has a total call value of 158,000,000 versus a total put value of 49,248,000,000 Combined total value = 49,406,000,000
Strike 10700 has a total call value of 238,500,000 versus a total put value of 42,221,500,000 Combined total value = 42,460,000,000
Strike 10800 has a total call value of 372,500,000 versus a total put value of 35,724,500,000 Combined total value = 36,097,000,000
Strike 10900 has a total call value of 684,500,000 versus a total put value of 29,705,500,000 Combined total value = 30,390,000,000
Strike 11000 has a total call value of 1,137,000,000 versus a total put value of 24,251,500,000 Combined total value = 25,388,500,000
Strike 11100 has a total call value of 2,673,000,000 versus a total put value of 20,329,500,000 Combined total value = 23,002,500,000
Strike 11200 has a total call value of 4,495,500,000 versus a total put value of 16,871,500,000 Combined total value = 21,367,000,000
Strike 11300 has a total call value of 7,295,500,000 versus a total put value of 13,995,000,000 Combined total value = 21,290,500,000
Strike 11400 has a total call value of 11,085,000,000 versus a total put value of 11,649,000,000 Combined total value = 22,734,000,000
Strike 11500 has a total call value of 16,017,500,000 versus a total put value of 9,603,000,000 Combined total value = 25,620,500,000
Strike 11600 has a total call value of 24,949,000,000 versus a total put value of 8,062,500,000 Combined total value = 33,011,500,000
Strike 11700 has a total call value of 35,719,000,000 versus a total put value of 6,665,500,000 Combined total value = 42,384,500,000
Strike 11800 has a total call value of 47,989,500,000 versus a total put value of 5,381,500,000 Combined total value = 53,371,000,000
Strike 11900 has a total call value of 62,562,000,000 versus a total put value of 4,212,500,000 Combined total value = 66,774,500,000
Strike 12000 has a total call value of 77,953,500,000 versus a total put value of 3,088,500,000 Combined total value = 81,042,000,000
Strike 12100 has a total call value of 98,582,500,000 versus a total put value of 2,564,500,000 Combined total value = 101,147,000,000
Strike 12200 has a total call value of 120,105,000,000 versus a total put value of 2,104,000,000 Combined total value = 122,209,000,000
Strike 12300 has a total call value of 142,561,500,000 versus a total put value of 1,643,500,000 Combined total value = 144,205,000,000
Strike 12400 has a total call value of 165,710,000,000 versus a total put value of 1,183,000,000 Combined total value = 166,893,000,000
Strike 12500 has a total call value of 189,396,500,000 versus a total put value of 722,500,000 Combined total value = 190,119,000,000
Strike 12600 has a total call value of 215,727,500,000 versus a total put value of 578,000,000 Combined total value = 216,305,500,000
Strike 12700 has a total call value of 242,470,500,000 versus a total put value of 433,500,000 Combined total value = 242,904,000,000
Strike 12800 has a total call value of 269,613,500,000 versus a total put value of 289,000,000 Combined total value = 269,902,500,000
Strike 12900 has a total call value of 297,220,500,000 versus a total put value of 144,500,000 Combined total value = 297,365,000,000
Strike 13000 has a total call value of 325,053,000,000 versus a total put value of 0 Combined total value = 325,053,000,000
Strike 13100 has a total call value of 355,437,500,000 versus a total put value of 0 Combined total value = 355,437,500,000
Strike 13200 has a total call value of 385,822,000,000 versus a total put value of 0 Combined total value = 385,822,000,000
Strike 13300 has a total call value of 416,331,000,000 versus a total put value of 0 Combined total value = 416,331,000,000
Strike 13400 has a total call value of 446,904,000,000 versus a total put value of 0 Combined total value = 446,904,000,000
Strike 13500 has a total call value of 477,515,500,000 versus a total put value of 0 Combined total value = 477,515,500,000
Strike 13600 has a total call value of 508,857,000,000 versus a total put value of 0 Combined total value = 508,857,000,000
Strike 13700 has a total call value of 540,198,500,000 versus a total put value of 0 Combined total value = 540,198,500,000
Strike 13800 has a total call value of 571,540,000,000 versus a total put value of 0 Combined total value = 571,540,000,000
Strike 13900 has a total call value of 602,881,500,000 versus a total put value of 0 Combined total value = 602,881,500,000
Strike 14000 has a total call value of 634,223,000,000 versus a total put value of 0 Combined total value = 634,223,000,000
Strike 14100 has a total call value of 666,076,000,000 versus a total put value of 0 Combined total value = 666,076,000,000
Strike 14200 has a total call value of 697,929,000,000 versus a total put value of 0 Combined total value = 697,929,000,000
Strike 14300 has a total call value of 729,782,000,000 versus a total put value of 0 Combined total value = 729,782,000,000
Strike 14400 has a total call value of 761,635,000,000 versus a total put value of 0 Combined total value = 761,635,000,000
Strike 14500 has a total call value of 793,488,000,000 versus a total put value of 0 Combined total value = 793,488,000,000
Strike 14600 has a total call value of 825,341,000,000 versus a total put value of 0 Combined total value = 825,341,000,000
Strike 14700 has a total call value of 857,194,000,000 versus a total put value of 0 Combined total value = 857,194,000,000
Strike 14800 has a total call value of 889,047,000,000 versus a total put value of 0 Combined total value = 889,047,000,000
Strike 14900 has a total call value of 920,900,000,000 versus a total put value of 0 Combined total value = 920,900,000,000
Strike 15000 has a total call value of 952,753,000,000 versus a total put value of 0 Combined total value = 952,753,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 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.
