MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
24 Jan 2025 04:12 PM IST
Max Pain for MARUTI is 11700
Strike 9200 has a total call value of 0 versus a total put value of 456,187,000,000 Combined total value = 456,187,000,000
Strike 9300 has a total call value of 0 versus a total put value of 434,591,500,000 Combined total value = 434,591,500,000
Strike 9400 has a total call value of 0 versus a total put value of 412,996,000,000 Combined total value = 412,996,000,000
Strike 9500 has a total call value of 0 versus a total put value of 391,453,000,000 Combined total value = 391,453,000,000
Strike 9600 has a total call value of 0 versus a total put value of 370,008,000,000 Combined total value = 370,008,000,000
Strike 9700 has a total call value of 0 versus a total put value of 348,705,500,000 Combined total value = 348,705,500,000
Strike 9800 has a total call value of 0 versus a total put value of 327,627,500,000 Combined total value = 327,627,500,000
Strike 9900 has a total call value of 5,000,000 versus a total put value of 306,802,500,000 Combined total value = 306,807,500,000
Strike 10000 has a total call value of 10,000,000 versus a total put value of 286,088,000,000 Combined total value = 286,098,000,000
Strike 10100 has a total call value of 40,000,000 versus a total put value of 265,853,000,000 Combined total value = 265,893,000,000
Strike 10200 has a total call value of 70,000,000 versus a total put value of 245,732,000,000 Combined total value = 245,802,000,000
Strike 10300 has a total call value of 100,000,000 versus a total put value of 225,784,500,000 Combined total value = 225,884,500,000
Strike 10400 has a total call value of 130,000,000 versus a total put value of 206,174,000,000 Combined total value = 206,304,000,000
Strike 10500 has a total call value of 160,000,000 versus a total put value of 186,925,000,000 Combined total value = 187,085,000,000
Strike 10600 has a total call value of 274,500,000 versus a total put value of 168,551,000,000 Combined total value = 168,825,500,000
Strike 10700 has a total call value of 419,000,000 versus a total put value of 150,856,500,000 Combined total value = 151,275,500,000
Strike 10800 has a total call value of 661,000,000 versus a total put value of 133,891,500,000 Combined total value = 134,552,500,000
Strike 10900 has a total call value of 1,061,000,000 versus a total put value of 117,501,500,000 Combined total value = 118,562,500,000
Strike 11000 has a total call value of 1,590,000,000 versus a total put value of 101,338,000,000 Combined total value = 102,928,000,000
Strike 11100 has a total call value of 2,933,000,000 versus a total put value of 86,583,000,000 Combined total value = 89,516,000,000
Strike 11200 has a total call value of 4,276,000,000 versus a total put value of 72,334,500,000 Combined total value = 76,610,500,000
Strike 11300 has a total call value of 6,019,500,000 versus a total put value of 59,203,000,000 Combined total value = 65,222,500,000
Strike 11400 has a total call value of 9,052,500,000 versus a total put value of 47,183,500,000 Combined total value = 56,236,000,000
Strike 11500 has a total call value of 12,396,500,000 versus a total put value of 36,017,500,000 Combined total value = 48,414,000,000
Strike 11600 has a total call value of 17,099,000,000 versus a total put value of 26,731,000,000 Combined total value = 43,830,000,000
Strike 11700 has a total call value of 23,022,500,000 versus a total put value of 19,024,000,000 Combined total value = 42,046,500,000
Strike 11800 has a total call value of 30,063,000,000 versus a total put value of 12,726,000,000 Combined total value = 42,789,000,000
Strike 11900 has a total call value of 38,616,500,000 versus a total put value of 7,805,000,000 Combined total value = 46,421,500,000
Strike 12000 has a total call value of 48,665,500,000 versus a total put value of 3,905,500,000 Combined total value = 52,571,000,000
Strike 12100 has a total call value of 65,393,000,000 versus a total put value of 2,306,000,000 Combined total value = 67,699,000,000
Strike 12200 has a total call value of 84,185,000,000 versus a total put value of 1,399,000,000 Combined total value = 85,584,000,000
Strike 12300 has a total call value of 105,760,500,000 versus a total put value of 911,000,000 Combined total value = 106,671,500,000
Strike 12400 has a total call value of 128,539,500,000 versus a total put value of 504,500,000 Combined total value = 129,044,000,000
Strike 12500 has a total call value of 152,719,500,000 versus a total put value of 147,500,000 Combined total value = 152,867,000,000
Strike 12600 has a total call value of 178,279,500,000 versus a total put value of 116,000,000 Combined total value = 178,395,500,000
Strike 12700 has a total call value of 204,676,000,000 versus a total put value of 87,000,000 Combined total value = 204,763,000,000
Strike 12800 has a total call value of 231,643,000,000 versus a total put value of 58,000,000 Combined total value = 231,701,000,000
Strike 12900 has a total call value of 259,278,000,000 versus a total put value of 29,000,000 Combined total value = 259,307,000,000
Strike 13000 has a total call value of 287,173,500,000 versus a total put value of 0 Combined total value = 287,173,500,000
Strike 13100 has a total call value of 317,259,000,000 versus a total put value of 0 Combined total value = 317,259,000,000
Strike 13200 has a total call value of 347,637,000,000 versus a total put value of 0 Combined total value = 347,637,000,000
Strike 13300 has a total call value of 378,720,000,000 versus a total put value of 0 Combined total value = 378,720,000,000
Strike 13400 has a total call value of 410,006,000,000 versus a total put value of 0 Combined total value = 410,006,000,000
Strike 13500 has a total call value of 441,979,500,000 versus a total put value of 0 Combined total value = 441,979,500,000
Strike 13600 has a total call value of 473,953,000,000 versus a total put value of 0 Combined total value = 473,953,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 439.05 | 435 |
| ABB | 6178.9 | 6400 |
| ABBOTINDIA | 27282.35 | 28000 |
| ABCAPITAL | 170.43 | 180 |
| ABFRL | 271.9 | 275 |
| ACC | 2058.95 | 2080 |
| ADANIENSOL | 790.45 | 800 |
| ADANIENT | 2315.1 | 2400 |
| ADANIGREEN | 1012.1 | 1020 |
| ADANIPORTS | 1094.15 | 1160 |
| ALKEM | 5022.7 | 5300 |
| AMBUJACEM | 551.8 | 550 |
| ANGELONE | 2334.35 | 2500 |
| APLAPOLLO | 1561.4 | 1560 |
| APOLLOHOSP | 6745.05 | 6900 |
| APOLLOTYRE | 423.4 | 450 |
| ASHOKLEY | 204.3 | 210 |
| ASIANPAINT | 2262.4 | 2300 |
| ASTRAL | 1468.35 | 1560 |
| ATGL | 641.5 | 660 |
| ATUL | 6547.1 | 6700 |
| AUBANK | 594.65 | 585 |
| AUROPHARMA | 1212.2 | 1220 |
| AXISBANK | 948.5 | 990 |
| BAJAJ-AUTO | 8401.5 | 8700 |
| BAJAJFINSV | 1728.7 | 1680 |
| BAJFINANCE | 7438.6 | 7300 |
| BALKRISIND | 2652.2 | 2740 |
| BANDHANBNK | 148.83 | 157.5 |
| BANKBARODA | 225.21 | 235 |
| BANKINDIA | 98.37 | 100 |
| BATAINDIA | 1281.35 | 1320 |
| BEL | 270.15 | 280 |
| BERGEPAINT | 480.1 | 465 |
| BHARATFORG | 1216.55 | 1240 |
| BHARTIARTL | 1644.8 | 1640 |
| BHEL | 200.19 | 215 |
| BIOCON | 388.25 | 380 |
| BOSCHLTD | 30356.5 | 32500 |
| BPCL | 263.8 | 270 |
| BRITANNIA | 5101.55 | 4850 |
| BSE | 5835.6 | 5700 |
| BSOFT | 545.7 | 550 |
| CAMS | 4101.1 | 4300 |
| CANBK | 96.75 | 100 |
| CANFINHOME | 682.7 | 700 |
| CDSL | 1500.25 | 1580 |
| CESC | 139 | 145.5 |
| CGPOWER | 620.55 | 650 |
| CHAMBLFERT | 496.05 | 500 |
| CHOLAFIN | 1223.05 | 1260 |
| CIPLA | 1411.4 | 1460 |
| COALINDIA | 383.05 | 390 |
| COFORGE | 9234.6 | 9000 |
| COLPAL | 2751.9 | 2750 |
| CONCOR | 754.35 | 780 |
| COROMANDEL | 1815.05 | 1860 |
| CROMPTON | 339.7 | 355 |
| CUB | 167.66 | 170 |
| CUMMINSIND | 2804.05 | 3000 |
| CYIENT | 1344.9 | 1460 |
| DABUR | 521.65 | 520 |
| DALBHARAT | 1802.95 | 1780 |
| DEEPAKNTR | 2292.55 | 2400 |
| DELHIVERY | 321.75 | 330 |
| DIVISLAB | 5762.6 | 5850 |
| DIXON | 15584.9 | 16000 |
| DLF | 695.25 | 730 |
| DMART | 3579.95 | 3700 |
| DRREDDY | 1224.4 | 1250 |
| EICHERMOT | 5206.3 | 5100 |
| ESCORTS | 3466.3 | 3400 |
| EXIDEIND | 369.05 | 400 |
| FEDERALBNK | 188.11 | 195 |
| GAIL | 175.84 | 185 |
| GLENMARK | 1450.1 | 1500 |
| GMRAIRPORT | 71.49 | 77 |
| GMRINFRA | 0 | 32 |
| GNFC | 556.45 | 560 |
| GODREJCP | 1130.35 | 1130 |
| GODREJPROP | 2155 | 2300 |
| GRANULES | 582 | 590 |
| GRASIM | 2490.75 | 2480 |
| GUJGASLTD | 494.75 | 500 |
| HAL | 3849.8 | 4050 |
| HAVELLS | 1523.2 | 1560 |
| HCLTECH | 1792.85 | 1820 |
| HDFCAMC | 3877.8 | 4000 |
| HDFCBANK | 1649.8 | 1680 |
| HDFCLIFE | 621.1 | 630 |
| HEROMOTOCO | 4051.9 | 4150 |
| HFCL | 99.15 | 102.5 |
| HINDALCO | 606.9 | 600 |
| HINDCOPPER | 242.05 | 250 |
| HINDPETRO | 352.85 | 365 |
| HINDUNILVR | 2368.1 | 2360 |
| HUDCO | 219.84 | 220 |
| ICICIBANK | 1209.2 | 1230 |
| ICICIGI | 1815.65 | 1880 |
| ICICIPRULI | 590.5 | 600 |
| IDEA | 9.46 | 9 |
| IDFCFIRSTB | 62.27 | 63 |
| IEX | 169.33 | 172.5 |
| IGL | 383.25 | 400 |
| INDHOTEL | 781.2 | 800 |
| INDIAMART | 2083.4 | 2140 |
| INDIANB | 501.25 | 520 |
| INDIGO | 4161.8 | 4200 |
| INDUSINDBK | 950.8 | 980 |
| INDUSTOWER | 367.95 | 355 |
| INFY | 1875.45 | 1880 |
| IOC | 128.26 | 132.5 |
| IPCALAB | 1515.85 | 1580 |
| IRB | 51.94 | 54 |
| IRCTC | 787.5 | 800 |
| IRFC | 140.68 | 137.5 |
| ITC | 441.6 | 445 |
| JINDALSTEL | 882.8 | 920 |
| JIOFIN | 244.45 | 265 |
| JKCEMENT | 4755.9 | 4700 |
| JSL | 634.1 | 630 |
| JSWENERGY | 544.15 | 570 |
| JSWSTEEL | 932.45 | 930 |
| JUBLFOOD | 671 | 700 |
| KALYANKJIL | 458.75 | 540 |
| KEI | 4253.5 | 4300 |
| KOTAKBANK | 1886.2 | 1860 |
| KPITTECH | 1322.9 | 1380 |
| LALPATHLAB | 2828.85 | 2900 |
| LAURUSLABS | 602.65 | 590 |
| LICHSGFIN | 573.3 | 580 |
| LICI | 821.25 | 850 |
| LODHA | 1099.55 | 1120 |
| LT | 3458.2 | 3600 |
| LTF | 139.68 | 140 |
| LTIM | 5998.15 | 5900 |
| LTTS | 5431 | 5300 |
| LUPIN | 2134.25 | 2180 |
| M&M | 2801.4 | 2900 |
| M&MFIN | 268.05 | 270 |
| MANAPPURAM | 196.71 | 185 |
| MARICO | 666.2 | 660 |
| MARUTI | 11967.9 | 11700 |
| MAXHEALTH | 1055.75 | 1080 |
| MCX | 5739.5 | 5800 |
| METROPOLIS | 1802.2 | 1920 |
| MFSL | 1040.3 | 1060 |
| MGL | 1278.45 | 1280 |
| MOTHERSON | 142.99 | 150 |
| MPHASIS | 3009.3 | 2950 |
| MRF | 111484.55 | 115000 |
| MUTHOOTFIN | 2173.4 | 2180 |
| NATIONALUM | 203.2 | 210 |
| NAUKRI | 7447.05 | 7700 |
| NAVINFLUOR | 3709.45 | 3700 |
| NCC | 235.95 | 250 |
| NESTLEIND | 2207.9 | 2200 |
| NHPC | 76.88 | 78 |
| NMDC | 66.77 | 68 |
| NTPC | 323.65 | 325 |
| NYKAA | 167.37 | 170 |
| OBEROIRLTY | 1756.75 | 1840 |
| OFSS | 9805.65 | 10250 |
| OIL | 424.5 | 450 |
| ONGC | 256.51 | 257.5 |
| PAGEIND | 46395.25 | 47000 |
| PAYTM | 807.45 | 860 |
| PEL | 990.45 | 1080 |
| PERSISTENT | 6360.65 | 6200 |
| PETRONET | 322.7 | 335 |
| PFC | 408.4 | 440 |
| PIDILITIND | 2854.55 | 2880 |
| PIIND | 3501.6 | 3550 |
| PNB | 97.62 | 100 |
| POLICYBZR | 1694.7 | 1750 |
| POLYCAB | 5915.8 | 6200 |
| POONAWALLA | 317 | 320 |
| POWERGRID | 295.85 | 305 |
| PRESTIGE | 1255.65 | 1350 |
| PVRINOX | 1064.1 | 1140 |
| RAMCOCEM | 888.75 | 910 |
| RBLBANK | 155.73 | 160 |
| RECLTD | 446.25 | 480 |
| RELIANCE | 1246.3 | 1250 |
| SAIL | 108.17 | 110 |
| SBICARD | 758.3 | 750 |
| SBILIFE | 1440.4 | 1460 |
| SBIN | 744.15 | 770 |
| SHREECEM | 25783.15 | 26000 |
| SHRIRAMFIN | 527.45 | 540 |
| SIEMENS | 5879.7 | 6100 |
| SJVN | 95.46 | 97.5 |
| SONACOMS | 525.05 | 550 |
| SRF | 2583.95 | 2560 |
| SUNPHARMA | 1822.2 | 1800 |
| SUNTV | 640.45 | 660 |
| SUPREMEIND | 3803.2 | 4000 |
| SYNGENE | 796.1 | 820 |
| TATACHEM | 956.9 | 1000 |
| TATACOMM | 1629.45 | 1700 |
| TATACONSUM | 992.35 | 960 |
| TATAELXSI | 6372.7 | 6300 |
| TATAMOTORS | 734.1 | 760 |
| TATAPOWER | 363.4 | 380 |
| TATASTEEL | 129.74 | 135 |
| TCS | 4152.35 | 4150 |
| TECHM | 1723.05 | 1700 |
| TIINDIA | 3232.15 | 3400 |
| TITAN | 3402.15 | 3400 |
| TORNTPHARM | 3248.4 | 3300 |
| TRENT | 5490.45 | 6000 |
| TVSMOTOR | 2270.7 | 2300 |
| UBL | 2064.85 | 2040 |
| ULTRACEMCO | 11285.85 | 11200 |
| UNIONBANK | 107.3 | 110 |
| UNITDSPR | 1469.75 | 1500 |
| UPL | 552 | 540 |
| VBL | 541.7 | 550 |
| VEDL | 442 | 460 |
| VOLTAS | 1456.6 | 1540 |
| WIPRO | 320.1 | 310 |
| YESBANK | 18.24 | 19 |
| ZOMATO | 215.6 | 230 |
| ZYDUSLIFE | 957.6 | 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.
