MIDCPNIFTY
Nifty Midcap Select
Max pain for MIDCPNIFTY
21 Nov 2024 11:50 AM IST
Max Pain for MIDCPNIFTY is 12200
Strike 10600 has a total call value of 0 versus a total put value of 1,434,334,875,000 Combined total value = 1,434,334,875,000
Strike 10625 has a total call value of 0 versus a total put value of 1,405,572,375,000 Combined total value = 1,405,572,375,000
Strike 10650 has a total call value of 0 versus a total put value of 1,376,809,875,000 Combined total value = 1,376,809,875,000
Strike 10675 has a total call value of 0 versus a total put value of 1,348,047,375,000 Combined total value = 1,348,047,375,000
Strike 10700 has a total call value of 0 versus a total put value of 1,319,284,875,000 Combined total value = 1,319,284,875,000
Strike 10725 has a total call value of 0 versus a total put value of 1,290,522,375,000 Combined total value = 1,290,522,375,000
Strike 10750 has a total call value of 0 versus a total put value of 1,261,759,875,000 Combined total value = 1,261,759,875,000
Strike 10775 has a total call value of 0 versus a total put value of 1,232,997,375,000 Combined total value = 1,232,997,375,000
Strike 10800 has a total call value of 0 versus a total put value of 1,204,234,875,000 Combined total value = 1,204,234,875,000
Strike 10825 has a total call value of 0 versus a total put value of 1,175,550,375,000 Combined total value = 1,175,550,375,000
Strike 10850 has a total call value of 0 versus a total put value of 1,146,865,875,000 Combined total value = 1,146,865,875,000
Strike 10875 has a total call value of 0 versus a total put value of 1,118,181,375,000 Combined total value = 1,118,181,375,000
Strike 10900 has a total call value of 0 versus a total put value of 1,089,496,875,000 Combined total value = 1,089,496,875,000
Strike 10925 has a total call value of 0 versus a total put value of 1,060,814,500,000 Combined total value = 1,060,814,500,000
Strike 10950 has a total call value of 0 versus a total put value of 1,032,132,125,000 Combined total value = 1,032,132,125,000
Strike 10975 has a total call value of 0 versus a total put value of 1,003,449,750,000 Combined total value = 1,003,449,750,000
Strike 11000 has a total call value of 0 versus a total put value of 974,767,375,000 Combined total value = 974,767,375,000
Strike 11025 has a total call value of 0 versus a total put value of 947,623,250,000 Combined total value = 947,623,250,000
Strike 11050 has a total call value of 0 versus a total put value of 920,479,125,000 Combined total value = 920,479,125,000
Strike 11075 has a total call value of 0 versus a total put value of 893,335,000,000 Combined total value = 893,335,000,000
Strike 11100 has a total call value of 0 versus a total put value of 866,190,875,000 Combined total value = 866,190,875,000
Strike 11125 has a total call value of 0 versus a total put value of 839,107,250,000 Combined total value = 839,107,250,000
Strike 11150 has a total call value of 0 versus a total put value of 812,023,625,000 Combined total value = 812,023,625,000
Strike 11175 has a total call value of 0 versus a total put value of 784,940,000,000 Combined total value = 784,940,000,000
Strike 11200 has a total call value of 0 versus a total put value of 757,856,375,000 Combined total value = 757,856,375,000
Strike 11225 has a total call value of 0 versus a total put value of 731,334,875,000 Combined total value = 731,334,875,000
Strike 11250 has a total call value of 0 versus a total put value of 704,813,375,000 Combined total value = 704,813,375,000
Strike 11275 has a total call value of 0 versus a total put value of 678,291,875,000 Combined total value = 678,291,875,000
Strike 11300 has a total call value of 0 versus a total put value of 651,770,375,000 Combined total value = 651,770,375,000
Strike 11325 has a total call value of 0 versus a total put value of 625,764,625,000 Combined total value = 625,764,625,000
Strike 11350 has a total call value of 0 versus a total put value of 599,759,375,000 Combined total value = 599,759,375,000
Strike 11375 has a total call value of 0 versus a total put value of 573,917,000,000 Combined total value = 573,917,000,000
Strike 11400 has a total call value of 0 versus a total put value of 548,110,250,000 Combined total value = 548,110,250,000
Strike 11425 has a total call value of 0 versus a total put value of 522,788,375,000 Combined total value = 522,788,375,000
Strike 11450 has a total call value of 0 versus a total put value of 497,494,875,000 Combined total value = 497,494,875,000
Strike 11475 has a total call value of 0 versus a total put value of 472,378,875,000 Combined total value = 472,378,875,000
Strike 11500 has a total call value of 0 versus a total put value of 447,336,500,000 Combined total value = 447,336,500,000
Strike 11525 has a total call value of 1,625,000 versus a total put value of 425,331,875,000 Combined total value = 425,333,500,000
Strike 11550 has a total call value of 3,250,000 versus a total put value of 403,384,875,000 Combined total value = 403,388,125,000
Strike 11575 has a total call value of 4,875,000 versus a total put value of 381,770,625,000 Combined total value = 381,775,500,000
Strike 11600 has a total call value of 6,500,000 versus a total put value of 360,199,250,000 Combined total value = 360,205,750,000
Strike 11625 has a total call value of 8,625,000 versus a total put value of 339,295,250,000 Combined total value = 339,303,875,000
Strike 11650 has a total call value of 10,750,000 versus a total put value of 318,513,125,000 Combined total value = 318,523,875,000
Strike 11675 has a total call value of 12,875,000 versus a total put value of 298,103,875,000 Combined total value = 298,116,750,000
Strike 11700 has a total call value of 15,000,000 versus a total put value of 277,840,250,000 Combined total value = 277,855,250,000
Strike 11725 has a total call value of 17,750,000 versus a total put value of 259,424,375,000 Combined total value = 259,442,125,000
Strike 11750 has a total call value of 20,500,000 versus a total put value of 241,144,000,000 Combined total value = 241,164,500,000
Strike 11775 has a total call value of 23,375,000 versus a total put value of 223,391,375,000 Combined total value = 223,414,750,000
Strike 11800 has a total call value of 26,250,000 versus a total put value of 205,755,000,000 Combined total value = 205,781,250,000
Strike 11825 has a total call value of 53,625,000 versus a total put value of 189,146,625,000 Combined total value = 189,200,250,000
Strike 11850 has a total call value of 81,875,000 versus a total put value of 172,669,625,000 Combined total value = 172,751,500,000
Strike 11875 has a total call value of 112,000,000 versus a total put value of 156,490,875,000 Combined total value = 156,602,875,000
Strike 11900 has a total call value of 143,375,000 versus a total put value of 140,458,750,000 Combined total value = 140,602,125,000
Strike 11925 has a total call value of 212,000,000 versus a total put value of 125,178,625,000 Combined total value = 125,390,625,000
Strike 11950 has a total call value of 293,500,000 versus a total put value of 110,103,625,000 Combined total value = 110,397,125,000
Strike 11975 has a total call value of 414,125,000 versus a total put value of 95,391,625,000 Combined total value = 95,805,750,000
Strike 12000 has a total call value of 581,750,000 versus a total put value of 80,990,000,000 Combined total value = 81,571,750,000
Strike 12025 has a total call value of 1,266,125,000 versus a total put value of 68,952,000,000 Combined total value = 70,218,125,000
Strike 12050 has a total call value of 2,042,250,000 versus a total put value of 57,455,750,000 Combined total value = 59,498,000,000
Strike 12075 has a total call value of 2,992,750,000 versus a total put value of 46,856,000,000 Combined total value = 49,848,750,000
Strike 12100 has a total call value of 4,179,875,000 versus a total put value of 37,009,000,000 Combined total value = 41,188,875,000
Strike 12125 has a total call value of 6,768,375,000 versus a total put value of 29,874,875,000 Combined total value = 36,643,250,000
Strike 12150 has a total call value of 9,762,750,000 versus a total put value of 23,509,250,000 Combined total value = 33,272,000,000
Strike 12175 has a total call value of 13,168,750,000 versus a total put value of 18,085,125,000 Combined total value = 31,253,875,000
Strike 12200 has a total call value of 16,974,625,000 versus a total put value of 13,326,875,000 Combined total value = 30,301,500,000
Strike 12225 has a total call value of 22,624,750,000 versus a total put value of 10,441,000,000 Combined total value = 33,065,750,000
Strike 12250 has a total call value of 29,139,125,000 versus a total put value of 8,072,000,000 Combined total value = 37,211,125,000
Strike 12275 has a total call value of 36,679,125,000 versus a total put value of 6,154,750,000 Combined total value = 42,833,875,000
Strike 12300 has a total call value of 44,709,000,000 versus a total put value of 4,467,500,000 Combined total value = 49,176,500,000
Strike 12325 has a total call value of 54,714,000,000 versus a total put value of 3,851,125,000 Combined total value = 58,565,125,000
Strike 12350 has a total call value of 65,195,000,000 versus a total put value of 3,327,875,000 Combined total value = 68,522,875,000
Strike 12375 has a total call value of 76,191,375,000 versus a total put value of 2,872,500,000 Combined total value = 79,063,875,000
Strike 12400 has a total call value of 87,495,250,000 versus a total put value of 2,468,750,000 Combined total value = 89,964,000,000
Strike 12425 has a total call value of 100,291,125,000 versus a total put value of 2,231,000,000 Combined total value = 102,522,125,000
Strike 12450 has a total call value of 113,446,250,000 versus a total put value of 2,012,000,000 Combined total value = 115,458,250,000
Strike 12475 has a total call value of 127,123,625,000 versus a total put value of 1,809,625,000 Combined total value = 128,933,250,000
Strike 12500 has a total call value of 141,101,750,000 versus a total put value of 1,612,875,000 Combined total value = 142,714,625,000
Strike 12525 has a total call value of 156,350,625,000 versus a total put value of 1,508,625,000 Combined total value = 157,859,250,000
Strike 12550 has a total call value of 171,781,375,000 versus a total put value of 1,406,500,000 Combined total value = 173,187,875,000
Strike 12575 has a total call value of 188,159,125,000 versus a total put value of 1,304,375,000 Combined total value = 189,463,500,000
Strike 12600 has a total call value of 204,745,625,000 versus a total put value of 1,202,250,000 Combined total value = 205,947,875,000
Strike 12625 has a total call value of 222,289,625,000 versus a total put value of 1,105,750,000 Combined total value = 223,395,375,000
Strike 12650 has a total call value of 239,996,875,000 versus a total put value of 1,009,250,000 Combined total value = 241,006,125,000
Strike 12675 has a total call value of 257,953,125,000 versus a total put value of 912,750,000 Combined total value = 258,865,875,000
Strike 12700 has a total call value of 276,089,125,000 versus a total put value of 816,250,000 Combined total value = 276,905,375,000
Strike 12725 has a total call value of 295,652,000,000 versus a total put value of 746,625,000 Combined total value = 296,398,625,000
Strike 12750 has a total call value of 315,344,125,000 versus a total put value of 677,250,000 Combined total value = 316,021,375,000
Strike 12775 has a total call value of 335,293,375,000 versus a total put value of 607,875,000 Combined total value = 335,901,250,000
Strike 12800 has a total call value of 355,353,375,000 versus a total put value of 538,500,000 Combined total value = 355,891,875,000
Strike 12825 has a total call value of 376,294,625,000 versus a total put value of 469,125,000 Combined total value = 376,763,750,000
Strike 12850 has a total call value of 397,274,875,000 versus a total put value of 399,750,000 Combined total value = 397,674,625,000
Strike 12875 has a total call value of 418,471,375,000 versus a total put value of 330,375,000 Combined total value = 418,801,750,000
Strike 12900 has a total call value of 439,667,875,000 versus a total put value of 261,000,000 Combined total value = 439,928,875,000
Strike 12925 has a total call value of 461,229,750,000 versus a total put value of 195,750,000 Combined total value = 461,425,500,000
Strike 12950 has a total call value of 482,808,625,000 versus a total put value of 130,500,000 Combined total value = 482,939,125,000
Strike 12975 has a total call value of 504,431,000,000 versus a total put value of 65,250,000 Combined total value = 504,496,250,000
Strike 13000 has a total call value of 526,053,375,000 versus a total put value of 0 Combined total value = 526,053,375,000
Strike 13025 has a total call value of 549,688,875,000 versus a total put value of 0 Combined total value = 549,688,875,000
Strike 13050 has a total call value of 573,332,375,000 versus a total put value of 0 Combined total value = 573,332,375,000
Strike 13075 has a total call value of 597,002,750,000 versus a total put value of 0 Combined total value = 597,002,750,000
Strike 13100 has a total call value of 620,673,125,000 versus a total put value of 0 Combined total value = 620,673,125,000
Strike 13125 has a total call value of 644,548,875,000 versus a total put value of 0 Combined total value = 644,548,875,000
Strike 13150 has a total call value of 668,424,625,000 versus a total put value of 0 Combined total value = 668,424,625,000
Strike 13175 has a total call value of 692,300,375,000 versus a total put value of 0 Combined total value = 692,300,375,000
Strike 13200 has a total call value of 716,176,125,000 versus a total put value of 0 Combined total value = 716,176,125,000
Strike 13225 has a total call value of 740,245,000,000 versus a total put value of 0 Combined total value = 740,245,000,000
Strike 13250 has a total call value of 764,313,875,000 versus a total put value of 0 Combined total value = 764,313,875,000
Strike 13275 has a total call value of 788,382,750,000 versus a total put value of 0 Combined total value = 788,382,750,000
Strike 13300 has a total call value of 812,451,625,000 versus a total put value of 0 Combined total value = 812,451,625,000
Strike 13325 has a total call value of 836,555,125,000 versus a total put value of 0 Combined total value = 836,555,125,000
Strike 13350 has a total call value of 860,658,625,000 versus a total put value of 0 Combined total value = 860,658,625,000
Strike 13375 has a total call value of 884,762,125,000 versus a total put value of 0 Combined total value = 884,762,125,000
Strike 13400 has a total call value of 908,865,625,000 versus a total put value of 0 Combined total value = 908,865,625,000
Strike 13425 has a total call value of 932,977,625,000 versus a total put value of 0 Combined total value = 932,977,625,000
Strike 13450 has a total call value of 957,089,625,000 versus a total put value of 0 Combined total value = 957,089,625,000
Strike 13475 has a total call value of 981,201,625,000 versus a total put value of 0 Combined total value = 981,201,625,000
Strike 13500 has a total call value of 1,005,313,625,000 versus a total put value of 0 Combined total value = 1,005,313,625,000
Strike 13525 has a total call value of 1,029,593,250,000 versus a total put value of 0 Combined total value = 1,029,593,250,000
Strike 13550 has a total call value of 1,053,872,875,000 versus a total put value of 0 Combined total value = 1,053,872,875,000
Strike 13575 has a total call value of 1,078,152,500,000 versus a total put value of 0 Combined total value = 1,078,152,500,000
Strike 13600 has a total call value of 1,102,432,125,000 versus a total put value of 0 Combined total value = 1,102,432,125,000
Strike 13625 has a total call value of 1,126,758,750,000 versus a total put value of 0 Combined total value = 1,126,758,750,000
Strike 13650 has a total call value of 1,151,085,375,000 versus a total put value of 0 Combined total value = 1,151,085,375,000
Strike 13675 has a total call value of 1,175,412,000,000 versus a total put value of 0 Combined total value = 1,175,412,000,000
Strike 13700 has a total call value of 1,199,738,625,000 versus a total put value of 0 Combined total value = 1,199,738,625,000
Strike 13725 has a total call value of 1,224,065,250,000 versus a total put value of 0 Combined total value = 1,224,065,250,000
Strike 13750 has a total call value of 1,248,391,875,000 versus a total put value of 0 Combined total value = 1,248,391,875,000
Strike 13775 has a total call value of 1,272,718,500,000 versus a total put value of 0 Combined total value = 1,272,718,500,000
Strike 13800 has a total call value of 1,297,045,125,000 versus a total put value of 0 Combined total value = 1,297,045,125,000
Strike 13825 has a total call value of 1,321,371,750,000 versus a total put value of 0 Combined total value = 1,321,371,750,000
Strike 13850 has a total call value of 1,345,698,375,000 versus a total put value of 0 Combined total value = 1,345,698,375,000
Strike 13875 has a total call value of 1,370,025,000,000 versus a total put value of 0 Combined total value = 1,370,025,000,000
Strike 13900 has a total call value of 1,394,351,625,000 versus a total put value of 0 Combined total value = 1,394,351,625,000
Strike 13925 has a total call value of 1,418,678,250,000 versus a total put value of 0 Combined total value = 1,418,678,250,000
Strike 13950 has a total call value of 1,443,004,875,000 versus a total put value of 0 Combined total value = 1,443,004,875,000
Strike 13975 has a total call value of 1,467,331,500,000 versus a total put value of 0 Combined total value = 1,467,331,500,000
Strike 14000 has a total call value of 1,491,658,125,000 versus a total put value of 0 Combined total value = 1,491,658,125,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 427 | 450 |
| ABB | 6783.95 | 7000 |
| ABBOTINDIA | 27001.05 | 28000 |
| ABCAPITAL | 182.3 | 200 |
| ABFRL | 287.65 | 300 |
| ACC | 2014 | 2260 |
| ADANIENT | 2284.15 | 2800 |
| ADANIPORTS | 1096.2 | 1200 |
| ALKEM | 5630.55 | 5600 |
| AMBUJACEM | 493.3 | 550 |
| APOLLOHOSP | 6693.05 | 6900 |
| APOLLOTYRE | 486.05 | 480 |
| ASHOKLEY | 218.95 | 220 |
| ASIANPAINT | 2446.85 | 2560 |
| ASTRAL | 1718.75 | 1780 |
| ATUL | 7293.95 | 7500 |
| AUBANK | 592.85 | 590 |
| AUROPHARMA | 1236.2 | 1300 |
| AXISBANK | 1145.1 | 1150 |
| BAJAJ-AUTO | 9517.45 | 9700 |
| BAJAJFINSV | 1577.4 | 1620 |
| BAJFINANCE | 6487.1 | 6700 |
| BALKRISIND | 2736.4 | 2800 |
| BANDHANBNK | 165.96 | 177.5 |
| BANKBARODA | 228.1 | 240 |
| BATAINDIA | 1286.25 | 1310 |
| BEL | 276.2 | 285 |
| BERGEPAINT | 468.45 | 495 |
| BHARATFORG | 1309.7 | 1340 |
| BHARTIARTL | 1512.3 | 1560 |
| BHEL | 225 | 230 |
| BIOCON | 325.25 | 330 |
| BOSCHLTD | 34167.95 | 34000 |
| BPCL | 283.75 | 300 |
| BRITANNIA | 4755 | 5000 |
| BSOFT | 545.95 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 823.35 | 830 |
| CHAMBLFERT | 463.7 | 480 |
| CHOLAFIN | 1212.5 | 1260 |
| CIPLA | 1467.45 | 1520 |
| COALINDIA | 407.5 | 425 |
| COFORGE | 8205.1 | 8000 |
| COLPAL | 2706.35 | 2800 |
| CONCOR | 773.8 | 810 |
| COROMANDEL | 1774.4 | 1720 |
| CROMPTON | 387.55 | 390 |
| CUB | 169.3 | 175 |
| CUMMINSIND | 3301.75 | 3400 |
| DABUR | 505.85 | 525 |
| DALBHARAT | 1748.25 | 1740 |
| DEEPAKNTR | 2657.5 | 2650 |
| DIVISLAB | 5969.35 | 5900 |
| DIXON | 15217 | 14750 |
| DLF | 774.6 | 780 |
| DRREDDY | 1199.2 | 1220 |
| EICHERMOT | 4920.05 | 4900 |
| ESCORTS | 3422.35 | 3600 |
| EXIDEIND | 417.05 | 440 |
| FEDERALBNK | 208.37 | 205 |
| GAIL | 187.82 | 195 |
| GLENMARK | 1476.7 | 1540 |
| GMRINFRA | 77.24 | 82 |
| GNFC | 557.85 | 590 |
| GODREJCP | 1190.6 | 1200 |
| GODREJPROP | 2718.95 | 2750 |
| GRANULES | 544 | 580 |
| GRASIM | 2536.05 | 2520 |
| GUJGASLTD | 458.5 | 470 |
| HAL | 4009.95 | 4200 |
| HAVELLS | 1633.1 | 1640 |
| HCLTECH | 1830 | 1820 |
| HDFCAMC | 4198.25 | 4300 |
| HDFCBANK | 1742 | 1730 |
| HDFCLIFE | 671.4 | 680 |
| HEROMOTOCO | 4794.4 | 4800 |
| HINDALCO | 650.15 | 650 |
| HINDCOPPER | 263.3 | 290 |
| HINDPETRO | 362.55 | 375 |
| HINDUNILVR | 2388.55 | 2480 |
| ICICIBANK | 1247.8 | 1260 |
| ICICIGI | 1831.55 | 1860 |
| ICICIPRULI | 686.3 | 690 |
| IDEA | 6.93 | 8 |
| IDFCFIRSTB | 63.36 | 66 |
| IEX | 161.74 | 170 |
| IGL | 312.35 | 330 |
| INDHOTEL | 787.5 | 750 |
| INDIAMART | 2257.05 | 2350 |
| INDIGO | 4081.3 | 4000 |
| INDUSINDBK | 975 | 1040 |
| INDUSTOWER | 332.85 | 340 |
| INFY | 1824.65 | 1800 |
| IOC | 131.46 | 140 |
| IPCALAB | 1582.15 | 1560 |
| IRCTC | 796.6 | 820 |
| ITC | 458 | 475 |
| JINDALSTEL | 876.95 | 900 |
| JKCEMENT | 4002.5 | 4000 |
| JSWSTEEL | 946.15 | 960 |
| JUBLFOOD | 610.75 | 610 |
| KOTAKBANK | 1730.15 | 1760 |
| LALPATHLAB | 3031.8 | 3100 |
| LAURUSLABS | 491.1 | 490 |
| LICHSGFIN | 611.15 | 630 |
| LT | 3483.25 | 3600 |
| LTF | 138.24 | 140 |
| LTIM | 5903.8 | 5900 |
| LTTS | 5162.55 | 5150 |
| LUPIN | 2057.1 | 2100 |
| M&M | 2941.55 | 2900 |
| M&MFIN | 258.05 | 265 |
| MANAPPURAM | 150.9 | 155 |
| MARICO | 588.85 | 600 |
| MARUTI | 10869.8 | 11000 |
| MCX | 6228.9 | 6200 |
| METROPOLIS | 2012.2 | 2060 |
| MFSL | 1177.4 | 1200 |
| MGL | 1121.4 | 1160 |
| MOTHERSON | 163.26 | 172.5 |
| MPHASIS | 2782.25 | 2850 |
| MRF | 123915.9 | 122000 |
| MUTHOOTFIN | 1901.65 | 1880 |
| NATIONALUM | 251.11 | 240 |
| NAUKRI | 7550.05 | 7600 |
| NAVINFLUOR | 3299.45 | 3400 |
| NESTLEIND | 2209.05 | 2280 |
| NMDC | 220.3 | 225 |
| NTPC | 360.55 | 375 |
| OBEROIRLTY | 1949.3 | 1980 |
| OFSS | 11230 | 11500 |
| ONGC | 245.25 | 254 |
| PAGEIND | 44961.2 | 45500 |
| PEL | 1054.1 | 1060 |
| PERSISTENT | 5744.8 | 5600 |
| PETRONET | 320.75 | 323 |
| PFC | 451.2 | 460 |
| PIDILITIND | 2988.75 | 3080 |
| PIIND | 4134.9 | 4200 |
| PNB | 96.96 | 102 |
| POLYCAB | 6486.05 | 6500 |
| POWERGRID | 321.75 | 320 |
| PVRINOX | 1453 | 1500 |
| RAMCOCEM | 915.4 | 890 |
| RBLBANK | 158.22 | 160 |
| RECLTD | 494.25 | 510 |
| RELIANCE | 1225.2 | 1290 |
| SAIL | 111.95 | 115 |
| SBICARD | 675.65 | 690 |
| SBILIFE | 1480.8 | 1540 |
| SBIN | 775 | 800 |
| SHREECEM | 24309.95 | 24250 |
| SHRIRAMFIN | 2794.95 | 2900 |
| SIEMENS | 6703.35 | 6800 |
| SRF | 2170.65 | 2260 |
| SUNPHARMA | 1779.6 | 1800 |
| SUNTV | 730.8 | 730 |
| SYNGENE | 852.1 | 860 |
| TATACHEM | 1056.35 | 1100 |
| TATACOMM | 1716.6 | 1780 |
| TATACONSUM | 914.25 | 950 |
| TATAMOTORS | 785.25 | 800 |
| TATAPOWER | 409.45 | 420 |
| TATASTEEL | 141.09 | 145 |
| TCS | 4054 | 4100 |
| TECHM | 1688.35 | 1680 |
| TITAN | 3162.8 | 3200 |
| TORNTPHARM | 3104.95 | 3150 |
| TRENT | 6452.45 | 6600 |
| TVSMOTOR | 2421.75 | 2450 |
| UBL | 1824.25 | 1880 |
| ULTRACEMCO | 10866.95 | 11000 |
| UNITDSPR | 1489.2 | 1480 |
| UPL | 556.15 | 540 |
| VEDL | 444.5 | 460 |
| VOLTAS | 1687.45 | 1700 |
| WIPRO | 558.3 | 560 |
| ZYDUSLIFE | 944.45 | 960 |
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.
