MCX
Multi Commodity Exchange
Max pain for MCX
23 Jan 2025 04:11 PM IST
Max Pain for MCX is 5900
Strike 4600 has a total call value of 0 versus a total put value of 145,050,000,000 Combined total value = 145,050,000,000
Strike 4700 has a total call value of 0 versus a total put value of 130,219,000,000 Combined total value = 130,219,000,000
Strike 4800 has a total call value of 0 versus a total put value of 115,388,000,000 Combined total value = 115,388,000,000
Strike 4900 has a total call value of 0 versus a total put value of 100,690,000,000 Combined total value = 100,690,000,000
Strike 5000 has a total call value of 0 versus a total put value of 86,188,000,000 Combined total value = 86,188,000,000
Strike 5100 has a total call value of 115,000,000 versus a total put value of 72,696,000,000 Combined total value = 72,811,000,000
Strike 5200 has a total call value of 230,000,000 versus a total put value of 60,071,000,000 Combined total value = 60,301,000,000
Strike 5300 has a total call value of 369,000,000 versus a total put value of 48,583,000,000 Combined total value = 48,952,000,000
Strike 5400 has a total call value of 611,000,000 versus a total put value of 38,182,000,000 Combined total value = 38,793,000,000
Strike 5500 has a total call value of 1,122,000,000 versus a total put value of 29,207,000,000 Combined total value = 30,329,000,000
Strike 5600 has a total call value of 2,186,000,000 versus a total put value of 22,238,000,000 Combined total value = 24,424,000,000
Strike 5700 has a total call value of 3,900,000,000 versus a total put value of 16,275,000,000 Combined total value = 20,175,000,000
Strike 5800 has a total call value of 6,272,000,000 versus a total put value of 11,579,000,000 Combined total value = 17,851,000,000
Strike 5900 has a total call value of 9,701,000,000 versus a total put value of 7,918,000,000 Combined total value = 17,619,000,000
Strike 6000 has a total call value of 14,390,000,000 versus a total put value of 5,196,000,000 Combined total value = 19,586,000,000
Strike 6100 has a total call value of 21,148,000,000 versus a total put value of 3,505,000,000 Combined total value = 24,653,000,000
Strike 6200 has a total call value of 29,975,000,000 versus a total put value of 2,110,000,000 Combined total value = 32,085,000,000
Strike 6300 has a total call value of 40,391,000,000 versus a total put value of 946,000,000 Combined total value = 41,337,000,000
Strike 6400 has a total call value of 51,855,000,000 versus a total put value of 128,000,000 Combined total value = 51,983,000,000
Strike 6500 has a total call value of 64,846,000,000 versus a total put value of 0 Combined total value = 64,846,000,000
Strike 6600 has a total call value of 80,397,000,000 versus a total put value of 0 Combined total value = 80,397,000,000
Strike 6700 has a total call value of 96,634,000,000 versus a total put value of 0 Combined total value = 96,634,000,000
Strike 6800 has a total call value of 113,727,000,000 versus a total put value of 0 Combined total value = 113,727,000,000
Strike 6900 has a total call value of 131,294,000,000 versus a total put value of 0 Combined total value = 131,294,000,000
Strike 7000 has a total call value of 149,192,000,000 versus a total put value of 0 Combined total value = 149,192,000,000
Strike 7100 has a total call value of 168,269,000,000 versus a total put value of 0 Combined total value = 168,269,000,000
Strike 7200 has a total call value of 187,579,000,000 versus a total put value of 0 Combined total value = 187,579,000,000
Strike 7300 has a total call value of 207,159,000,000 versus a total put value of 0 Combined total value = 207,159,000,000
Strike 7400 has a total call value of 226,739,000,000 versus a total put value of 0 Combined total value = 226,739,000,000
Strike 7500 has a total call value of 246,319,000,000 versus a total put value of 0 Combined total value = 246,319,000,000
Strike 7600 has a total call value of 266,138,000,000 versus a total put value of 0 Combined total value = 266,138,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 448.45 | 435 |
| ABB | 6330.25 | 6400 |
| ABBOTINDIA | 27849.8 | 28000 |
| ABCAPITAL | 174.27 | 180 |
| ABFRL | 282.7 | 280 |
| ACC | 2045.2 | 2080 |
| ADANIENSOL | 808.8 | 800 |
| ADANIENT | 2385 | 2400 |
| ADANIGREEN | 1030.25 | 1020 |
| ADANIPORTS | 1104 | 1160 |
| ALKEM | 5183.5 | 5300 |
| AMBUJACEM | 548.8 | 550 |
| ANGELONE | 2431.45 | 2500 |
| APLAPOLLO | 1582.85 | 1560 |
| APOLLOHOSP | 6920.85 | 6900 |
| APOLLOTYRE | 438.9 | 460 |
| ASHOKLEY | 207.74 | 210 |
| ASIANPAINT | 2276.35 | 2300 |
| ASTRAL | 1495.5 | 1560 |
| ATGL | 658.25 | 670 |
| ATUL | 6748.8 | 6900 |
| AUBANK | 582.4 | 580 |
| AUROPHARMA | 1244.8 | 1240 |
| AXISBANK | 951.05 | 990 |
| BAJAJ-AUTO | 8399.95 | 8700 |
| BAJAJFINSV | 1746.15 | 1700 |
| BAJFINANCE | 7443.25 | 7300 |
| BALKRISIND | 2728.9 | 2780 |
| BANDHANBNK | 151.14 | 160 |
| BANKBARODA | 229.16 | 235 |
| BANKINDIA | 99.71 | 100 |
| BATAINDIA | 1300.9 | 1340 |
| BEL | 273.95 | 280 |
| BERGEPAINT | 480.35 | 465 |
| BHARATFORG | 1227.75 | 1240 |
| BHARTIARTL | 1636 | 1620 |
| BHEL | 206.49 | 215 |
| BIOCON | 397.3 | 385 |
| BOSCHLTD | 30990.5 | 33000 |
| BPCL | 271.25 | 275 |
| BRITANNIA | 5012.6 | 4850 |
| BSE | 5909.7 | 5600 |
| BSOFT | 554.9 | 550 |
| CAMS | 4159.25 | 4300 |
| CANBK | 98.15 | 100 |
| CANFINHOME | 690.95 | 700 |
| CDSL | 1516.15 | 1600 |
| CESC | 145.12 | 150 |
| CGPOWER | 627.9 | 650 |
| CHAMBLFERT | 509.3 | 500 |
| CHOLAFIN | 1246.05 | 1260 |
| CIPLA | 1451.15 | 1480 |
| COALINDIA | 385.8 | 385 |
| COFORGE | 9196.45 | 9000 |
| COLPAL | 2738.95 | 2750 |
| CONCOR | 772.25 | 780 |
| COROMANDEL | 1848.7 | 1860 |
| CROMPTON | 351.15 | 365 |
| CUB | 170.25 | 170 |
| CUMMINSIND | 2889.05 | 3000 |
| CYIENT | 1755.25 | 1760 |
| DABUR | 524.6 | 520 |
| DALBHARAT | 1828.35 | 1780 |
| DEEPAKNTR | 2369.3 | 2400 |
| DELHIVERY | 326.95 | 330 |
| DIVISLAB | 5850.95 | 5900 |
| DIXON | 15463.6 | 16000 |
| DLF | 715.05 | 750 |
| DMART | 3598.35 | 3700 |
| DRREDDY | 1289.4 | 1300 |
| EICHERMOT | 5116.2 | 5000 |
| ESCORTS | 3588.4 | 3450 |
| EXIDEIND | 383.5 | 400 |
| FEDERALBNK | 190.75 | 195 |
| GAIL | 179.66 | 185 |
| GLENMARK | 1510.95 | 1520 |
| GMRAIRPORT | 73.5 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 560.9 | 560 |
| GODREJCP | 1145.2 | 1140 |
| GODREJPROP | 2225.65 | 2400 |
| GRANULES | 599.6 | 590 |
| GRASIM | 2461.15 | 2460 |
| GUJGASLTD | 503.25 | 500 |
| HAL | 3922.55 | 4100 |
| HAVELLS | 1595.3 | 1580 |
| HCLTECH | 1807 | 1820 |
| HDFCAMC | 4001.7 | 4000 |
| HDFCBANK | 1664.9 | 1670 |
| HDFCLIFE | 621 | 630 |
| HEROMOTOCO | 4100.35 | 4150 |
| HFCL | 101.03 | 102.5 |
| HINDALCO | 608.25 | 600 |
| HINDCOPPER | 246.05 | 250 |
| HINDPETRO | 362.1 | 370 |
| HINDUNILVR | 2321.7 | 2360 |
| HUDCO | 221.48 | 220 |
| ICICIBANK | 1201.75 | 1240 |
| ICICIGI | 1834.1 | 1900 |
| ICICIPRULI | 594.7 | 600 |
| IDEA | 9.51 | 9 |
| IDFCFIRSTB | 63.11 | 63 |
| IEX | 167.45 | 172.5 |
| IGL | 391.6 | 400 |
| INDHOTEL | 775.1 | 790 |
| INDIAMART | 2086.55 | 2160 |
| INDIANB | 516.7 | 520 |
| INDIGO | 4134.8 | 4200 |
| INDUSINDBK | 970.95 | 980 |
| INDUSTOWER | 366.6 | 350 |
| INFY | 1865.45 | 1880 |
| IOC | 129.83 | 132.5 |
| IPCALAB | 1583.55 | 1580 |
| IRB | 52.94 | 55 |
| IRCTC | 795.2 | 800 |
| IRFC | 141.37 | 137.5 |
| ITC | 440.2 | 445 |
| JINDALSTEL | 893 | 920 |
| JIOFIN | 255.85 | 270 |
| JKCEMENT | 4789.05 | 4600 |
| JSL | 639.75 | 640 |
| JSWENERGY | 552.1 | 580 |
| JSWSTEEL | 929.9 | 930 |
| JUBLFOOD | 687.7 | 700 |
| KALYANKJIL | 478.15 | 580 |
| KEI | 4480.6 | 4300 |
| KOTAKBANK | 1894.85 | 1860 |
| KPITTECH | 1344.7 | 1380 |
| LALPATHLAB | 2877.65 | 2900 |
| LAURUSLABS | 585.15 | 580 |
| LICHSGFIN | 579.95 | 580 |
| LICI | 837.25 | 860 |
| LODHA | 1082.3 | 1140 |
| LT | 3503.25 | 3600 |
| LTF | 139.93 | 140 |
| LTIM | 6002.05 | 5900 |
| LTTS | 5453.15 | 5250 |
| LUPIN | 2151.2 | 2180 |
| M&M | 2886.45 | 2950 |
| M&MFIN | 275.45 | 275 |
| MANAPPURAM | 196.85 | 185 |
| MARICO | 667.9 | 660 |
| MARUTI | 12045.75 | 11700 |
| MAXHEALTH | 1082.85 | 1100 |
| MCX | 5860 | 5900 |
| METROPOLIS | 1870.7 | 1940 |
| MFSL | 1056.4 | 1060 |
| MGL | 1312.9 | 1280 |
| MOTHERSON | 144.97 | 150 |
| MPHASIS | 2918.95 | 2900 |
| MRF | 111739.5 | 115000 |
| MUTHOOTFIN | 2195.1 | 2180 |
| NATIONALUM | 205.8 | 210 |
| NAUKRI | 7535.5 | 7700 |
| NAVINFLUOR | 3772.45 | 3700 |
| NCC | 247.2 | 250 |
| NESTLEIND | 2198.95 | 2200 |
| NHPC | 78.46 | 79 |
| NMDC | 68.09 | 68 |
| NTPC | 323.65 | 325 |
| NYKAA | 170.31 | 167.5 |
| OBEROIRLTY | 1821.9 | 1860 |
| OFSS | 10056.7 | 10250 |
| OIL | 451.3 | 470 |
| ONGC | 263.05 | 260 |
| PAGEIND | 46768.75 | 46500 |
| PAYTM | 849.1 | 880 |
| PEL | 1006.4 | 1080 |
| PERSISTENT | 6287.7 | 6100 |
| PETRONET | 330.65 | 335 |
| PFC | 421.25 | 440 |
| PIDILITIND | 2909.65 | 2900 |
| PIIND | 3526.65 | 3550 |
| PNB | 99.43 | 100 |
| POLICYBZR | 1686.8 | 1750 |
| POLYCAB | 6250.9 | 6400 |
| POONAWALLA | 332.8 | 320 |
| POWERGRID | 294.35 | 305 |
| PRESTIGE | 1342.6 | 1400 |
| PVRINOX | 1092.8 | 1140 |
| RAMCOCEM | 908.55 | 910 |
| RBLBANK | 155.97 | 160 |
| RECLTD | 463.75 | 490 |
| RELIANCE | 1263.65 | 1260 |
| SAIL | 109.14 | 112.5 |
| SBICARD | 760 | 750 |
| SBILIFE | 1449.85 | 1460 |
| SBIN | 745.9 | 770 |
| SHREECEM | 25926.8 | 25500 |
| SHRIRAMFIN | 529.8 | 540 |
| SIEMENS | 6067.85 | 6200 |
| SJVN | 98.26 | 97.5 |
| SONACOMS | 542.6 | 560 |
| SRF | 2596.75 | 2560 |
| SUNPHARMA | 1833.6 | 1800 |
| SUNTV | 652.75 | 660 |
| SUPREMEIND | 3967.65 | 4000 |
| SYNGENE | 847 | 840 |
| TATACHEM | 975.45 | 1000 |
| TATACOMM | 1646.3 | 1700 |
| TATACONSUM | 983.9 | 960 |
| TATAELXSI | 6353.95 | 6300 |
| TATAMOTORS | 752.5 | 770 |
| TATAPOWER | 362.75 | 380 |
| TATASTEEL | 130.37 | 134 |
| TCS | 4145.45 | 4150 |
| TECHM | 1713.4 | 1700 |
| TIINDIA | 3363.7 | 3400 |
| TITAN | 3398.55 | 3400 |
| TORNTPHARM | 3263.75 | 3250 |
| TRENT | 5733.6 | 6000 |
| TVSMOTOR | 2300.1 | 2300 |
| UBL | 2073.75 | 2040 |
| ULTRACEMCO | 11420.9 | 11200 |
| UNIONBANK | 109.7 | 110 |
| UNITDSPR | 1500.65 | 1500 |
| UPL | 557.85 | 540 |
| VBL | 540.4 | 550 |
| VEDL | 446.5 | 460 |
| VOLTAS | 1497.65 | 1580 |
| WIPRO | 317.7 | 310 |
| YESBANK | 18.47 | 19 |
| ZOMATO | 221.95 | 230 |
| ZYDUSLIFE | 989.15 | 990 |
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.
