MGL
Mahanagar Gas Ltd.
Max pain for MGL
21 Nov 2024 04:12 PM IST
Max Pain for MGL is 1160
Strike 920 has a total call value of 0 versus a total put value of 53,853,600,000 Combined total value = 53,853,600,000
Strike 940 has a total call value of 0 versus a total put value of 49,492,000,000 Combined total value = 49,492,000,000
Strike 960 has a total call value of 0 versus a total put value of 45,130,400,000 Combined total value = 45,130,400,000
Strike 980 has a total call value of 0 versus a total put value of 40,869,600,000 Combined total value = 40,869,600,000
Strike 1000 has a total call value of 1,600,000 versus a total put value of 36,648,000,000 Combined total value = 36,649,600,000
Strike 1020 has a total call value of 9,600,000 versus a total put value of 32,617,600,000 Combined total value = 32,627,200,000
Strike 1040 has a total call value of 17,600,000 versus a total put value of 28,644,000,000 Combined total value = 28,661,600,000
Strike 1060 has a total call value of 25,600,000 versus a total put value of 25,024,000,000 Combined total value = 25,049,600,000
Strike 1080 has a total call value of 33,600,000 versus a total put value of 21,591,200,000 Combined total value = 21,624,800,000
Strike 1100 has a total call value of 72,000,000 versus a total put value of 18,402,400,000 Combined total value = 18,474,400,000
Strike 1120 has a total call value of 320,800,000 versus a total put value of 16,276,000,000 Combined total value = 16,596,800,000
Strike 1140 has a total call value of 858,400,000 versus a total put value of 14,620,800,000 Combined total value = 15,479,200,000
Strike 1160 has a total call value of 2,147,200,000 versus a total put value of 13,208,000,000 Combined total value = 15,355,200,000
Strike 1180 has a total call value of 3,836,000,000 versus a total put value of 11,861,600,000 Combined total value = 15,697,600,000
Strike 1200 has a total call value of 5,836,800,000 versus a total put value of 10,550,400,000 Combined total value = 16,387,200,000
Strike 1220 has a total call value of 8,612,000,000 versus a total put value of 9,430,400,000 Combined total value = 18,042,400,000
Strike 1240 has a total call value of 11,579,200,000 versus a total put value of 8,339,200,000 Combined total value = 19,918,400,000
Strike 1260 has a total call value of 14,783,200,000 versus a total put value of 7,304,800,000 Combined total value = 22,088,000,000
Strike 1280 has a total call value of 18,259,200,000 versus a total put value of 6,326,400,000 Combined total value = 24,585,600,000
Strike 1300 has a total call value of 21,905,600,000 versus a total put value of 5,348,000,000 Combined total value = 27,253,600,000
Strike 1320 has a total call value of 26,062,400,000 versus a total put value of 4,481,600,000 Combined total value = 30,544,000,000
Strike 1340 has a total call value of 30,394,400,000 versus a total put value of 3,664,800,000 Combined total value = 34,059,200,000
Strike 1360 has a total call value of 34,863,200,000 versus a total put value of 2,943,200,000 Combined total value = 37,806,400,000
Strike 1380 has a total call value of 39,437,600,000 versus a total put value of 2,310,400,000 Combined total value = 41,748,000,000
Strike 1400 has a total call value of 44,139,200,000 versus a total put value of 1,677,600,000 Combined total value = 45,816,800,000
Strike 1420 has a total call value of 49,283,200,000 versus a total put value of 1,278,400,000 Combined total value = 50,561,600,000
Strike 1440 has a total call value of 54,610,400,000 versus a total put value of 928,800,000 Combined total value = 55,539,200,000
Strike 1460 has a total call value of 60,144,800,000 versus a total put value of 729,600,000 Combined total value = 60,874,400,000
Strike 1480 has a total call value of 66,002,400,000 versus a total put value of 530,400,000 Combined total value = 66,532,800,000
Strike 1500 has a total call value of 72,089,600,000 versus a total put value of 346,400,000 Combined total value = 72,436,000,000
Strike 1520 has a total call value of 78,658,400,000 versus a total put value of 268,800,000 Combined total value = 78,927,200,000
Strike 1540 has a total call value of 85,273,600,000 versus a total put value of 191,200,000 Combined total value = 85,464,800,000
Strike 1560 has a total call value of 91,940,800,000 versus a total put value of 113,600,000 Combined total value = 92,054,400,000
Strike 1580 has a total call value of 98,675,200,000 versus a total put value of 69,600,000 Combined total value = 98,744,800,000
Strike 1600 has a total call value of 105,409,600,000 versus a total put value of 25,600,000 Combined total value = 105,435,200,000
Strike 1620 has a total call value of 112,551,200,000 versus a total put value of 22,400,000 Combined total value = 112,573,600,000
Strike 1640 has a total call value of 119,692,800,000 versus a total put value of 19,200,000 Combined total value = 119,712,000,000
Strike 1660 has a total call value of 126,958,400,000 versus a total put value of 16,000,000 Combined total value = 126,974,400,000
Strike 1680 has a total call value of 134,224,000,000 versus a total put value of 12,800,000 Combined total value = 134,236,800,000
Strike 1700 has a total call value of 141,489,600,000 versus a total put value of 9,600,000 Combined total value = 141,499,200,000
Strike 1720 has a total call value of 148,970,400,000 versus a total put value of 6,400,000 Combined total value = 148,976,800,000
Strike 1740 has a total call value of 156,451,200,000 versus a total put value of 3,200,000 Combined total value = 156,454,400,000
Strike 1760 has a total call value of 163,932,000,000 versus a total put value of 0 Combined total value = 163,932,000,000
Strike 1780 has a total call value of 171,412,800,000 versus a total put value of 0 Combined total value = 171,412,800,000
Strike 1800 has a total call value of 178,893,600,000 versus a total put value of 0 Combined total value = 178,893,600,000
Strike 1820 has a total call value of 186,617,600,000 versus a total put value of 0 Combined total value = 186,617,600,000
Strike 1840 has a total call value of 194,341,600,000 versus a total put value of 0 Combined total value = 194,341,600,000
Strike 1860 has a total call value of 202,072,000,000 versus a total put value of 0 Combined total value = 202,072,000,000
Strike 1880 has a total call value of 209,802,400,000 versus a total put value of 0 Combined total value = 209,802,400,000
Strike 1900 has a total call value of 217,532,800,000 versus a total put value of 0 Combined total value = 217,532,800,000
Strike 1920 has a total call value of 225,305,600,000 versus a total put value of 0 Combined total value = 225,305,600,000
Strike 1940 has a total call value of 233,078,400,000 versus a total put value of 0 Combined total value = 233,078,400,000
Strike 1960 has a total call value of 240,851,200,000 versus a total put value of 0 Combined total value = 240,851,200,000
Strike 1980 has a total call value of 248,624,000,000 versus a total put value of 0 Combined total value = 248,624,000,000
Strike 2000 has a total call value of 256,396,800,000 versus a total put value of 0 Combined total value = 256,396,800,000
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.
