MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
21 Nov 2024 03:52 PM IST
Max Pain for MARUTI is 11000
Strike 9200 has a total call value of 0 versus a total put value of 174,551,500,000 Combined total value = 174,551,500,000
Strike 9300 has a total call value of 0 versus a total put value of 163,848,500,000 Combined total value = 163,848,500,000
Strike 9400 has a total call value of 0 versus a total put value of 153,145,500,000 Combined total value = 153,145,500,000
Strike 9500 has a total call value of 0 versus a total put value of 142,442,500,000 Combined total value = 142,442,500,000
Strike 9600 has a total call value of 0 versus a total put value of 132,025,000,000 Combined total value = 132,025,000,000
Strike 9700 has a total call value of 0 versus a total put value of 121,723,000,000 Combined total value = 121,723,000,000
Strike 9800 has a total call value of 0 versus a total put value of 111,421,000,000 Combined total value = 111,421,000,000
Strike 9900 has a total call value of 0 versus a total put value of 101,119,000,000 Combined total value = 101,119,000,000
Strike 10000 has a total call value of 0 versus a total put value of 90,955,500,000 Combined total value = 90,955,500,000
Strike 10100 has a total call value of 17,500,000 versus a total put value of 81,875,000,000 Combined total value = 81,892,500,000
Strike 10200 has a total call value of 35,000,000 versus a total put value of 72,845,000,000 Combined total value = 72,880,000,000
Strike 10300 has a total call value of 52,500,000 versus a total put value of 63,982,000,000 Combined total value = 64,034,500,000
Strike 10400 has a total call value of 79,500,000 versus a total put value of 55,739,500,000 Combined total value = 55,819,000,000
Strike 10500 has a total call value of 116,000,000 versus a total put value of 47,888,000,000 Combined total value = 48,004,000,000
Strike 10600 has a total call value of 212,000,000 versus a total put value of 41,027,500,000 Combined total value = 41,239,500,000
Strike 10700 has a total call value of 383,500,000 versus a total put value of 34,808,500,000 Combined total value = 35,192,000,000
Strike 10800 has a total call value of 732,000,000 versus a total put value of 29,234,000,000 Combined total value = 29,966,000,000
Strike 10900 has a total call value of 1,392,500,000 versus a total put value of 24,342,500,000 Combined total value = 25,735,000,000
Strike 11000 has a total call value of 2,616,000,000 versus a total put value of 20,211,000,000 Combined total value = 22,827,000,000
Strike 11100 has a total call value of 6,302,000,000 versus a total put value of 17,280,500,000 Combined total value = 23,582,500,000
Strike 11200 has a total call value of 11,013,000,000 versus a total put value of 14,752,500,000 Combined total value = 25,765,500,000
Strike 11300 has a total call value of 17,843,000,000 versus a total put value of 12,618,000,000 Combined total value = 30,461,000,000
Strike 11400 has a total call value of 26,515,000,000 versus a total put value of 10,681,500,000 Combined total value = 37,196,500,000
Strike 11500 has a total call value of 36,788,500,000 versus a total put value of 8,984,500,000 Combined total value = 45,773,000,000
Strike 11600 has a total call value of 51,671,000,000 versus a total put value of 7,668,500,000 Combined total value = 59,339,500,000
Strike 11700 has a total call value of 68,822,500,000 versus a total put value of 6,470,000,000 Combined total value = 75,292,500,000
Strike 11800 has a total call value of 87,484,000,000 versus a total put value of 5,348,000,000 Combined total value = 92,832,000,000
Strike 11900 has a total call value of 107,919,000,000 versus a total put value of 4,226,000,000 Combined total value = 112,145,000,000
Strike 12000 has a total call value of 129,188,000,000 versus a total put value of 3,144,000,000 Combined total value = 132,332,000,000
Strike 12100 has a total call value of 156,029,500,000 versus a total put value of 2,566,000,000 Combined total value = 158,595,500,000
Strike 12200 has a total call value of 183,720,500,000 versus a total put value of 2,047,500,000 Combined total value = 185,768,000,000
Strike 12300 has a total call value of 212,367,500,000 versus a total put value of 1,574,500,000 Combined total value = 213,942,000,000
Strike 12400 has a total call value of 241,506,000,000 versus a total put value of 1,101,500,000 Combined total value = 242,607,500,000
Strike 12500 has a total call value of 271,166,500,000 versus a total put value of 684,500,000 Combined total value = 271,851,000,000
Strike 12600 has a total call value of 302,795,500,000 versus a total put value of 542,000,000 Combined total value = 303,337,500,000
Strike 12700 has a total call value of 334,726,000,000 versus a total put value of 399,500,000 Combined total value = 335,125,500,000
Strike 12800 has a total call value of 366,912,500,000 versus a total put value of 257,000,000 Combined total value = 367,169,500,000
Strike 12900 has a total call value of 399,387,500,000 versus a total put value of 128,500,000 Combined total value = 399,516,000,000
Strike 13000 has a total call value of 431,968,500,000 versus a total put value of 0 Combined total value = 431,968,500,000
Strike 13100 has a total call value of 466,711,500,000 versus a total put value of 0 Combined total value = 466,711,500,000
Strike 13200 has a total call value of 501,454,500,000 versus a total put value of 0 Combined total value = 501,454,500,000
Strike 13300 has a total call value of 536,314,500,000 versus a total put value of 0 Combined total value = 536,314,500,000
Strike 13400 has a total call value of 571,174,500,000 versus a total put value of 0 Combined total value = 571,174,500,000
Strike 13500 has a total call value of 606,034,500,000 versus a total put value of 0 Combined total value = 606,034,500,000
Strike 13600 has a total call value of 641,445,500,000 versus a total put value of 0 Combined total value = 641,445,500,000
Strike 13700 has a total call value of 676,856,500,000 versus a total put value of 0 Combined total value = 676,856,500,000
Strike 13800 has a total call value of 712,267,500,000 versus a total put value of 0 Combined total value = 712,267,500,000
Strike 13900 has a total call value of 747,678,500,000 versus a total put value of 0 Combined total value = 747,678,500,000
Strike 14000 has a total call value of 783,089,500,000 versus a total put value of 0 Combined total value = 783,089,500,000
Strike 14100 has a total call value of 818,872,500,000 versus a total put value of 0 Combined total value = 818,872,500,000
Strike 14200 has a total call value of 854,655,500,000 versus a total put value of 0 Combined total value = 854,655,500,000
Strike 14300 has a total call value of 890,438,500,000 versus a total put value of 0 Combined total value = 890,438,500,000
Strike 14400 has a total call value of 926,221,500,000 versus a total put value of 0 Combined total value = 926,221,500,000
Strike 14500 has a total call value of 962,004,500,000 versus a total put value of 0 Combined total value = 962,004,500,000
Strike 14600 has a total call value of 997,787,500,000 versus a total put value of 0 Combined total value = 997,787,500,000
Strike 14700 has a total call value of 1,033,570,500,000 versus a total put value of 0 Combined total value = 1,033,570,500,000
Strike 14800 has a total call value of 1,069,353,500,000 versus a total put value of 0 Combined total value = 1,069,353,500,000
Strike 14900 has a total call value of 1,105,136,500,000 versus a total put value of 0 Combined total value = 1,105,136,500,000
Strike 15000 has a total call value of 1,140,919,500,000 versus a total put value of 0 Combined total value = 1,140,919,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 980 |
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.
