MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
21 May 2025 04:12 PM IST
Max Pain for MARUTI is 12200
Strike 9600 has a total call value of 0 versus a total put value of 394,725,500,000 Combined total value = 394,725,500,000
Strike 9700 has a total call value of 0 versus a total put value of 376,734,500,000 Combined total value = 376,734,500,000
Strike 9800 has a total call value of 0 versus a total put value of 358,743,500,000 Combined total value = 358,743,500,000
Strike 9900 has a total call value of 0 versus a total put value of 340,771,500,000 Combined total value = 340,771,500,000
Strike 10000 has a total call value of 0 versus a total put value of 322,799,500,000 Combined total value = 322,799,500,000
Strike 10100 has a total call value of 0 versus a total put value of 305,433,000,000 Combined total value = 305,433,000,000
Strike 10200 has a total call value of 0 versus a total put value of 288,157,000,000 Combined total value = 288,157,000,000
Strike 10300 has a total call value of 0 versus a total put value of 270,949,500,000 Combined total value = 270,949,500,000
Strike 10400 has a total call value of 0 versus a total put value of 253,742,000,000 Combined total value = 253,742,000,000
Strike 10500 has a total call value of 0 versus a total put value of 236,819,500,000 Combined total value = 236,819,500,000
Strike 10600 has a total call value of 0 versus a total put value of 220,335,000,000 Combined total value = 220,335,000,000
Strike 10700 has a total call value of 0 versus a total put value of 203,978,500,000 Combined total value = 203,978,500,000
Strike 10800 has a total call value of 0 versus a total put value of 187,790,000,000 Combined total value = 187,790,000,000
Strike 10900 has a total call value of 0 versus a total put value of 171,995,000,000 Combined total value = 171,995,000,000
Strike 11000 has a total call value of 0 versus a total put value of 156,556,000,000 Combined total value = 156,556,000,000
Strike 11100 has a total call value of 0 versus a total put value of 142,156,000,000 Combined total value = 142,156,000,000
Strike 11200 has a total call value of 0 versus a total put value of 128,018,000,000 Combined total value = 128,018,000,000
Strike 11300 has a total call value of 0 versus a total put value of 114,237,500,000 Combined total value = 114,237,500,000
Strike 11400 has a total call value of 0 versus a total put value of 100,640,000,000 Combined total value = 100,640,000,000
Strike 11500 has a total call value of 0 versus a total put value of 87,641,500,000 Combined total value = 87,641,500,000
Strike 11600 has a total call value of 403,500,000 versus a total put value of 75,670,000,000 Combined total value = 76,073,500,000
Strike 11700 has a total call value of 807,000,000 versus a total put value of 64,369,000,000 Combined total value = 65,176,000,000
Strike 11800 has a total call value of 1,561,500,000 versus a total put value of 53,696,000,000 Combined total value = 55,257,500,000
Strike 11900 has a total call value of 2,798,500,000 versus a total put value of 43,708,500,000 Combined total value = 46,507,000,000
Strike 12000 has a total call value of 4,035,500,000 versus a total put value of 34,156,500,000 Combined total value = 38,192,000,000
Strike 12100 has a total call value of 8,324,500,000 versus a total put value of 27,323,000,000 Combined total value = 35,647,500,000
Strike 12200 has a total call value of 12,871,000,000 versus a total put value of 21,006,000,000 Combined total value = 33,877,000,000
Strike 12300 has a total call value of 19,472,000,000 versus a total put value of 15,821,500,000 Combined total value = 35,293,500,000
Strike 12400 has a total call value of 27,092,000,000 versus a total put value of 11,460,500,000 Combined total value = 38,552,500,000
Strike 12500 has a total call value of 34,976,000,000 versus a total put value of 7,902,500,000 Combined total value = 42,878,500,000
Strike 12600 has a total call value of 44,531,000,000 versus a total put value of 5,327,500,000 Combined total value = 49,858,500,000
Strike 12700 has a total call value of 54,858,000,000 versus a total put value of 3,352,500,000 Combined total value = 58,210,500,000
Strike 12800 has a total call value of 66,074,500,000 versus a total put value of 1,917,500,000 Combined total value = 67,992,000,000
Strike 12900 has a total call value of 79,019,000,000 versus a total put value of 922,500,000 Combined total value = 79,941,500,000
Strike 13000 has a total call value of 93,185,000,000 versus a total put value of 387,000,000 Combined total value = 93,572,000,000
Strike 13100 has a total call value of 111,559,000,000 versus a total put value of 202,000,000 Combined total value = 111,761,000,000
Strike 13200 has a total call value of 130,967,500,000 versus a total put value of 91,500,000 Combined total value = 131,059,000,000
Strike 13300 has a total call value of 151,462,000,000 versus a total put value of 61,000,000 Combined total value = 151,523,000,000
Strike 13400 has a total call value of 172,856,000,000 versus a total put value of 30,500,000 Combined total value = 172,886,500,000
Strike 13500 has a total call value of 195,752,500,000 versus a total put value of 0 Combined total value = 195,752,500,000
Strike 13600 has a total call value of 219,704,500,000 versus a total put value of 0 Combined total value = 219,704,500,000
Strike 13700 has a total call value of 244,289,500,000 versus a total put value of 0 Combined total value = 244,289,500,000
Strike 13800 has a total call value of 269,196,000,000 versus a total put value of 0 Combined total value = 269,196,000,000
Strike 13900 has a total call value of 295,404,000,000 versus a total put value of 0 Combined total value = 295,404,000,000
Strike 14000 has a total call value of 321,696,500,000 versus a total put value of 0 Combined total value = 321,696,500,000
Strike 14100 has a total call value of 349,544,000,000 versus a total put value of 0 Combined total value = 349,544,000,000
Strike 14200 has a total call value of 377,458,500,000 versus a total put value of 0 Combined total value = 377,458,500,000
Strike 14300 has a total call value of 405,667,000,000 versus a total put value of 0 Combined total value = 405,667,000,000
Strike 14400 has a total call value of 433,875,500,000 versus a total put value of 0 Combined total value = 433,875,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 468.8 | 460 |
| ABB | 5886.5 | 5700 |
| ABCAPITAL | 221.46 | 210 |
| ABFRL | 268.95 | 275 |
| ACC | 1941.4 | 1920 |
| ADANIENSOL | 872.15 | 900 |
| ADANIENT | 2500.4 | 2500 |
| ADANIGREEN | 996.5 | 960 |
| ADANIPORTS | 1384.6 | 1340 |
| ALKEM | 5374 | 5300 |
| AMBUJACEM | 567.8 | 570 |
| ANGELONE | 2866.2 | 2650 |
| APLAPOLLO | 1814.4 | 1700 |
| APOLLOHOSP | 6984 | 6950 |
| APOLLOTYRE | 488.1 | 485 |
| ASHOKLEY | 244.61 | 232.5 |
| ASIANPAINT | 2312.4 | 2340 |
| ASTRAL | 1377.7 | 1380 |
| ATGL | 663.35 | 650 |
| AUBANK | 692.9 | 670 |
| AUROPHARMA | 1204.1 | 1220 |
| AXISBANK | 1197.8 | 1180 |
| BAJAJ-AUTO | 8687.5 | 8500 |
| BAJAJFINSV | 2037.3 | 2020 |
| BAJFINANCE | 9197.5 | 9100 |
| BALKRISIND | 2665.6 | 2700 |
| BANDHANBNK | 168.22 | 167.5 |
| BANKBARODA | 241.3 | 235 |
| BANKINDIA | 117.96 | 115 |
| BEL | 383 | 365 |
| BHARATFORG | 1229 | 1200 |
| BHARTIARTL | 1822.5 | 1820 |
| BHEL | 247.42 | 245 |
| BIOCON | 340.65 | 335 |
| BOSCHLTD | 31655 | 31000 |
| BPCL | 315.85 | 310 |
| BRITANNIA | 5493.5 | 5500 |
| BSE | 7305 | 7000 |
| BSOFT | 424 | 420 |
| CAMS | 3887.5 | 3850 |
| CANBK | 107.84 | 104 |
| CDSL | 1450.3 | 1400 |
| CESC | 171.92 | 165 |
| CGPOWER | 694 | 660 |
| CHAMBLFERT | 603.85 | 630 |
| CHOLAFIN | 1656 | 1600 |
| CIPLA | 1482.4 | 1500 |
| COALINDIA | 405.35 | 400 |
| COFORGE | 8266 | 7800 |
| COLPAL | 2659.3 | 2660 |
| CONCOR | 731.55 | 720 |
| CROMPTON | 349.05 | 345 |
| CUMMINSIND | 2980.9 | 2900 |
| CYIENT | 1304.6 | 1260 |
| DABUR | 481.75 | 480 |
| DALBHARAT | 2089.3 | 2000 |
| DEEPAKNTR | 2090.2 | 2060 |
| DELHIVERY | 348.1 | 340 |
| DIVISLAB | 6552 | 6400 |
| DIXON | 15612 | 16000 |
| DLF | 775.15 | 750 |
| DMART | 4112.7 | 4100 |
| DRREDDY | 1224.7 | 1200 |
| EICHERMOT | 5409 | 5500 |
| ESCORTS | 3514.4 | 3400 |
| ETERNAL | 229.97 | 230 |
| EXIDEIND | 384.8 | 380 |
| FEDERALBNK | 200.82 | 195 |
| GAIL | 190.64 | 190 |
| GLENMARK | 1440.1 | 1420 |
| GMRAIRPORT | 87.63 | 88 |
| GODREJCP | 1280 | 1270 |
| GODREJPROP | 2181 | 2200 |
| GRANULES | 517.9 | 500 |
| GRASIM | 2706.9 | 2720 |
| HAL | 5001.1 | 4850 |
| HAVELLS | 1577.2 | 1600 |
| HCLTECH | 1652 | 1600 |
| HDFCAMC | 4815.5 | 4650 |
| HDFCBANK | 1926.8 | 1920 |
| HDFCLIFE | 759.7 | 730 |
| HEROMOTOCO | 4263.8 | 4100 |
| HFCL | 85.13 | 85 |
| HINDALCO | 663 | 650 |
| HINDCOPPER | 229.47 | 230 |
| HINDPETRO | 404.9 | 400 |
| HINDUNILVR | 2363.9 | 2360 |
| HINDZINC | 442.05 | 440 |
| HUDCO | 229.34 | 225 |
| ICICIBANK | 1444.7 | 1440 |
| ICICIGI | 1878.1 | 1880 |
| ICICIPRULI | 618.15 | 610 |
| IDEA | 6.76 | 7 |
| IDFCFIRSTB | 66.67 | 67 |
| IEX | 199.18 | 197.5 |
| IGL | 207.56 | 200 |
| IIFL | 413.15 | 400 |
| INDHOTEL | 773.1 | 770 |
| INDIANB | 601.7 | 590 |
| INDIGO | 5461.5 | 5400 |
| INDUSINDBK | 769.95 | 800 |
| INDUSTOWER | 387.95 | 390 |
| INFY | 1568.5 | 1540 |
| INOXWIND | 185.76 | 180 |
| IOC | 143.39 | 144 |
| IRB | 51.35 | 50 |
| IRCTC | 790.2 | 790 |
| IREDA | 172.21 | 170 |
| IRFC | 138.08 | 135 |
| ITC | 433 | 430 |
| JINDALSTEL | 968.5 | 940 |
| JIOFIN | 274.35 | 265 |
| JSL | 643.4 | 640 |
| JSWENERGY | 504.8 | 490 |
| JSWSTEEL | 1000.9 | 1000 |
| JUBLFOOD | 674.4 | 680 |
| KALYANKJIL | 552.05 | 540 |
| KEI | 3431.4 | 3300 |
| KOTAKBANK | 2071.3 | 2100 |
| KPITTECH | 1331.6 | 1300 |
| LAURUSLABS | 597.05 | 600 |
| LICHSGFIN | 595.75 | 600 |
| LICI | 853.8 | 840 |
| LODHA | 1409 | 1360 |
| LT | 3589 | 3500 |
| LTF | 173.58 | 170 |
| LTIM | 5033.8 | 4900 |
| LUPIN | 1996 | 2020 |
| M&M | 3090.7 | 3050 |
| M&MFIN | 260.25 | 257.85 |
| MANAPPURAM | 228.06 | 230 |
| MARICO | 709.65 | 720 |
| MARUTI | 12615 | 12200 |
| MAXHEALTH | 1142.1 | 1160 |
| MCX | 6370.5 | 6200 |
| MFSL | 1396.7 | 1340 |
| MGL | 1382 | 1380 |
| MOTHERSON | 148.24 | 142.5 |
| MPHASIS | 2557.6 | 2540 |
| MRF | 142285 | 140000 |
| MUTHOOTFIN | 2089.6 | 2100 |
| NATIONALUM | 181.75 | 180 |
| NAUKRI | 1475.5 | 1440 |
| NBCC | 113.21 | 107 |
| NCC | 233.54 | 230 |
| NESTLEIND | 2392.6 | 2380 |
| NHPC | 87.62 | 86 |
| NMDC | 70.15 | 70 |
| NTPC | 346.15 | 345 |
| NYKAA | 200.48 | 200 |
| OBEROIRLTY | 1731.9 | 1680 |
| OFSS | 8383.5 | 8435 |
| OIL | 426.5 | 420 |
| ONGC | 248.68 | 240 |
| PAGEIND | 47620 | 47000 |
| PATANJALI | 1725 | 1780 |
| PAYTM | 843.1 | 860 |
| PEL | 1139 | 1100 |
| PERSISTENT | 5670 | 5600 |
| PETRONET | 321.75 | 320 |
| PFC | 412.7 | 420 |
| PHOENIXLTD | 1617.8 | 1600 |
| PIDILITIND | 2986.2 | 3020 |
| PIIND | 3709.9 | 3700 |
| PNB | 101.9 | 100 |
| PNBHOUSING | 1050.8 | 1060 |
| POLICYBZR | 1726.7 | 1700 |
| POLYCAB | 6055 | 5900 |
| POONAWALLA | 397.2 | 390 |
| POWERGRID | 296.15 | 302.5 |
| PRESTIGE | 1432.6 | 1400 |
| RAMCOCEM | 978.8 | 980 |
| RBLBANK | 207.84 | 210 |
| RECLTD | 400.2 | 410 |
| RELIANCE | 1429.2 | 1390 |
| SAIL | 124.88 | 120 |
| SBICARD | 903.15 | 900 |
| SBILIFE | 1763.9 | 1740 |
| SBIN | 787.1 | 790 |
| SHREECEM | 31490 | 31000 |
| SHRIRAMFIN | 658 | 640 |
| SIEMENS | 3290.8 | 3100 |
| SJVN | 101.05 | 100 |
| SOLARINDS | 14192 | 13750 |
| SONACOMS | 525.05 | 510 |
| SRF | 2951.3 | 3000 |
| SUNPHARMA | 1731.8 | 1700 |
| SUPREMEIND | 3826 | 3800 |
| SYNGENE | 639.35 | 640 |
| TATACHEM | 859.1 | 860 |
| TATACOMM | 1664.7 | 1600 |
| TATACONSUM | 1138.8 | 1130 |
| TATAELXSI | 6184.5 | 6000 |
| TATAMOTORS | 726.8 | 700 |
| TATAPOWER | 401.85 | 400 |
| TATASTEEL | 161.64 | 155 |
| TATATECH | 757.2 | 700 |
| TCS | 3525.8 | 3500 |
| TECHM | 1598.2 | 1540 |
| TIINDIA | 3002.7 | 3000 |
| TITAGARH | 904.5 | 860 |
| TITAN | 3580.5 | 3500 |
| TORNTPHARM | 3289 | 3300 |
| TORNTPOWER | 1398.7 | 1420 |
| TRENT | 5443.5 | 5500 |
| TVSMOTOR | 2767.3 | 2780 |
| ULTRACEMCO | 11666 | 11800 |
| UNIONBANK | 139.46 | 132.5 |
| UNITDSPR | 1557.4 | 1540 |
| UPL | 638.4 | 650 |
| VBL | 479.15 | 500 |
| VEDL | 437.75 | 440 |
| VOLTAS | 1268.6 | 1280 |
| WIPRO | 250.92 | 247.5 |
| YESBANK | 20.98 | 21 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 889.65 | 890 |
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.
