MOTHERSON
Samvrdhna Mthrsn Intl Ltd
Max pain for MOTHERSON
21 Nov 2024 02:33 PM IST
Max Pain for MOTHERSON is 175
Strike 140 has a total call value of 0 versus a total put value of 115,010,237,500 Combined total value = 115,010,237,500
Strike 142.5 has a total call value of 0 versus a total put value of 106,718,325,000 Combined total value = 106,718,325,000
Strike 145 has a total call value of 0 versus a total put value of 98,460,137,500 Combined total value = 98,460,137,500
Strike 147.5 has a total call value of 16,862,500 versus a total put value of 90,363,475,000 Combined total value = 90,380,337,500
Strike 150 has a total call value of 42,600,000 versus a total put value of 82,290,775,000 Combined total value = 82,333,375,000
Strike 152.5 has a total call value of 106,500,000 versus a total put value of 74,652,950,000 Combined total value = 74,759,450,000
Strike 155 has a total call value of 182,825,000 versus a total put value of 67,068,375,000 Combined total value = 67,251,200,000
Strike 157.5 has a total call value of 347,012,500 versus a total put value of 59,965,712,500 Combined total value = 60,312,725,000
Strike 160 has a total call value of 598,175,000 versus a total put value of 52,978,425,000 Combined total value = 53,576,600,000
Strike 162.5 has a total call value of 1,350,775,000 versus a total put value of 47,257,600,000 Combined total value = 48,608,375,000
Strike 165 has a total call value of 2,314,600,000 versus a total put value of 41,754,212,500 Combined total value = 44,068,812,500
Strike 167.5 has a total call value of 4,170,362,500 versus a total put value of 36,782,437,500 Combined total value = 40,952,800,000
Strike 170 has a total call value of 6,476,975,000 versus a total put value of 31,997,925,000 Combined total value = 38,474,900,000
Strike 172.5 has a total call value of 9,927,575,000 versus a total put value of 27,779,637,500 Combined total value = 37,707,212,500
Strike 175 has a total call value of 13,829,912,500 versus a total put value of 23,719,325,000 Combined total value = 37,549,237,500
Strike 177.5 has a total call value of 18,617,975,000 versus a total put value of 20,140,037,500 Combined total value = 38,758,012,500
Strike 180 has a total call value of 23,658,087,500 versus a total put value of 16,722,275,000 Combined total value = 40,380,362,500
Strike 182.5 has a total call value of 30,302,800,000 versus a total put value of 13,931,087,500 Combined total value = 44,233,887,500
Strike 185 has a total call value of 37,341,562,500 versus a total put value of 11,419,462,500 Combined total value = 48,761,025,000
Strike 187.5 has a total call value of 45,562,475,000 versus a total put value of 9,269,050,000 Combined total value = 54,831,525,000
Strike 190 has a total call value of 54,139,275,000 versus a total put value of 7,281,937,500 Combined total value = 61,421,212,500
Strike 192.5 has a total call value of 65,179,775,000 versus a total put value of 5,730,587,500 Combined total value = 70,910,362,500
Strike 195 has a total call value of 76,428,837,500 versus a total put value of 4,179,237,500 Combined total value = 80,608,075,000
Strike 197.5 has a total call value of 88,231,700,000 versus a total put value of 2,822,250,000 Combined total value = 91,053,950,000
Strike 200 has a total call value of 100,119,762,500 versus a total put value of 1,554,900,000 Combined total value = 101,674,662,500
Strike 202.5 has a total call value of 113,676,325,000 versus a total put value of 1,161,737,500 Combined total value = 114,838,062,500
Strike 205 has a total call value of 127,311,875,000 versus a total put value of 768,575,000 Combined total value = 128,080,450,000
Strike 207.5 has a total call value of 141,277,575,000 versus a total put value of 464,162,500 Combined total value = 141,741,737,500
Strike 210 has a total call value of 155,320,487,500 versus a total put value of 159,750,000 Combined total value = 155,480,237,500
Strike 212.5 has a total call value of 170,563,300,000 versus a total put value of 119,812,500 Combined total value = 170,683,112,500
Strike 215 has a total call value of 185,836,287,500 versus a total put value of 79,875,000 Combined total value = 185,916,162,500
Strike 217.5 has a total call value of 201,232,637,500 versus a total put value of 39,937,500 Combined total value = 201,272,575,000
Strike 220 has a total call value of 216,628,987,500 versus a total put value of 0 Combined total value = 216,628,987,500
Strike 222.5 has a total call value of 232,622,625,000 versus a total put value of 0 Combined total value = 232,622,625,000
Strike 225 has a total call value of 248,616,262,500 versus a total put value of 0 Combined total value = 248,616,262,500
Strike 227.5 has a total call value of 264,675,575,000 versus a total put value of 0 Combined total value = 264,675,575,000
Strike 230 has a total call value of 280,734,887,500 versus a total put value of 0 Combined total value = 280,734,887,500
Strike 232.5 has a total call value of 297,084,412,500 versus a total put value of 0 Combined total value = 297,084,412,500
Strike 235 has a total call value of 313,433,937,500 versus a total put value of 0 Combined total value = 313,433,937,500
Strike 237.5 has a total call value of 329,909,487,500 versus a total put value of 0 Combined total value = 329,909,487,500
Strike 240 has a total call value of 346,385,037,500 versus a total put value of 0 Combined total value = 346,385,037,500
Strike 242.5 has a total call value of 363,253,750,000 versus a total put value of 0 Combined total value = 363,253,750,000
Strike 245 has a total call value of 380,122,462,500 versus a total put value of 0 Combined total value = 380,122,462,500
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.85 | 470 |
| ABB | 6761.75 | 7000 |
| ABBOTINDIA | 27014 | 28000 |
| ABCAPITAL | 183.51 | 200 |
| ABFRL | 284.9 | 300 |
| ACC | 2033 | 2220 |
| ADANIENT | 2262.75 | 2600 |
| ADANIPORTS | 1132.2 | 1200 |
| ALKEM | 5587.75 | 5500 |
| AMBUJACEM | 491.5 | 540 |
| APOLLOHOSP | 6728.2 | 6900 |
| APOLLOTYRE | 481.95 | 480 |
| ASHOKLEY | 217.56 | 220 |
| ASIANPAINT | 2431.7 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7235 | 7500 |
| AUBANK | 593.2 | 590 |
| AUROPHARMA | 1219.45 | 1300 |
| AXISBANK | 1139.55 | 1150 |
| BAJAJ-AUTO | 9490 | 9700 |
| BAJAJFINSV | 1568.7 | 1620 |
| BAJFINANCE | 6465.75 | 6700 |
| BALKRISIND | 2738.8 | 2800 |
| BANDHANBNK | 166.33 | 180 |
| BANKBARODA | 228.75 | 240 |
| BATAINDIA | 1280.9 | 1310 |
| BEL | 274.2 | 285 |
| BERGEPAINT | 465 | 495 |
| BHARATFORG | 1295 | 1340 |
| BHARTIARTL | 1521.8 | 1540 |
| BHEL | 228.56 | 235 |
| BIOCON | 323.65 | 330 |
| BOSCHLTD | 34091.7 | 34000 |
| BPCL | 281.75 | 300 |
| BRITANNIA | 4775.25 | 5000 |
| BSOFT | 546 | 560 |
| CANBK | 94.62 | 100 |
| CANFINHOME | 820.55 | 830 |
| CHAMBLFERT | 455.7 | 480 |
| CHOLAFIN | 1205.95 | 1240 |
| CIPLA | 1462.85 | 1520 |
| COALINDIA | 404.7 | 425 |
| COFORGE | 8195 | 8000 |
| COLPAL | 2687.6 | 2800 |
| CONCOR | 767.7 | 810 |
| COROMANDEL | 1772.4 | 1720 |
| CROMPTON | 381.25 | 390 |
| CUB | 170.26 | 175 |
| CUMMINSIND | 3289.85 | 3400 |
| DABUR | 505.15 | 525 |
| DALBHARAT | 1774.2 | 1760 |
| DEEPAKNTR | 2616.95 | 2650 |
| DIVISLAB | 5950.25 | 5900 |
| DIXON | 14997.95 | 14750 |
| DLF | 775.8 | 780 |
| DRREDDY | 1193.4 | 1220 |
| EICHERMOT | 4895.55 | 4900 |
| ESCORTS | 3452.7 | 3600 |
| EXIDEIND | 415.1 | 440 |
| FEDERALBNK | 210.13 | 205 |
| GAIL | 187.8 | 197.5 |
| GLENMARK | 1463.5 | 1520 |
| GMRINFRA | 76.92 | 82 |
| GNFC | 555.95 | 570 |
| GODREJCP | 1180.75 | 1200 |
| GODREJPROP | 2697.8 | 2750 |
| GRANULES | 545 | 570 |
| GRASIM | 2545.25 | 2540 |
| GUJGASLTD | 452.9 | 480 |
| HAL | 3983.35 | 4200 |
| HAVELLS | 1631.85 | 1640 |
| HCLTECH | 1831.8 | 1820 |
| HDFCAMC | 4214.05 | 4300 |
| HDFCBANK | 1739.95 | 1740 |
| HDFCLIFE | 673.95 | 680 |
| HEROMOTOCO | 4761.8 | 4800 |
| HINDALCO | 645.7 | 650 |
| HINDCOPPER | 262 | 290 |
| HINDPETRO | 358.4 | 375 |
| HINDUNILVR | 2386.8 | 2480 |
| ICICIBANK | 1251 | 1260 |
| ICICIGI | 1812.7 | 1880 |
| ICICIPRULI | 679.4 | 690 |
| IDEA | 6.93 | 8 |
| IDFCFIRSTB | 63.04 | 66 |
| IEX | 161.02 | 170 |
| IGL | 311.6 | 330 |
| INDHOTEL | 785.3 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4060 | 4000 |
| INDUSINDBK | 974.2 | 1040 |
| INDUSTOWER | 328.8 | 340 |
| INFY | 1833.9 | 1800 |
| IOC | 130.69 | 140 |
| IPCALAB | 1568.6 | 1560 |
| IRCTC | 794.15 | 820 |
| ITC | 456.25 | 475 |
| JINDALSTEL | 870.65 | 900 |
| JKCEMENT | 4006.95 | 4000 |
| JSWSTEEL | 940.5 | 960 |
| JUBLFOOD | 610.3 | 620 |
| KOTAKBANK | 1733.3 | 1760 |
| LALPATHLAB | 3028.85 | 3100 |
| LAURUSLABS | 488.7 | 490 |
| LICHSGFIN | 610.5 | 630 |
| LT | 3483.65 | 3600 |
| LTF | 137.49 | 140 |
| LTIM | 5923.05 | 5900 |
| LTTS | 5173 | 5150 |
| LUPIN | 2038.1 | 2100 |
| M&M | 2938 | 2900 |
| M&MFIN | 256.75 | 265 |
| MANAPPURAM | 150.64 | 155 |
| MARICO | 590.45 | 600 |
| MARUTI | 10873.75 | 11000 |
| MCX | 6159.25 | 6200 |
| METROPOLIS | 2011.5 | 2060 |
| MFSL | 1172.65 | 1200 |
| MGL | 1114.2 | 1160 |
| MOTHERSON | 161.49 | 175 |
| MPHASIS | 2781.5 | 2850 |
| MRF | 123205 | 122500 |
| MUTHOOTFIN | 1901.95 | 1880 |
| NATIONALUM | 245.42 | 240 |
| NAUKRI | 7536.2 | 7700 |
| NAVINFLUOR | 3260.1 | 3400 |
| NESTLEIND | 2202.7 | 2280 |
| NMDC | 217.74 | 225 |
| NTPC | 355 | 370 |
| OBEROIRLTY | 1929.7 | 1960 |
| OFSS | 11135.9 | 11500 |
| ONGC | 241.8 | 250 |
| PAGEIND | 44445.05 | 45500 |
| PEL | 1053.85 | 1060 |
| PERSISTENT | 5727.85 | 5600 |
| PETRONET | 320.25 | 328 |
| PFC | 452.55 | 460 |
| PIDILITIND | 2934.25 | 3060 |
| PIIND | 4124.1 | 4200 |
| PNB | 96.6 | 102 |
| POLYCAB | 6402.65 | 6500 |
| POWERGRID | 324.25 | 320 |
| PVRINOX | 1443.7 | 1500 |
| RAMCOCEM | 913.25 | 900 |
| RBLBANK | 156.97 | 160 |
| RECLTD | 490 | 510 |
| RELIANCE | 1218.4 | 1290 |
| SAIL | 110.65 | 117.5 |
| SBICARD | 675.35 | 690 |
| SBILIFE | 1480 | 1520 |
| SBIN | 780.2 | 800 |
| SHREECEM | 24170 | 24500 |
| SHRIRAMFIN | 2809 | 2900 |
| SIEMENS | 6660 | 6800 |
| SRF | 2152.95 | 2260 |
| SUNPHARMA | 1769.8 | 1800 |
| SUNTV | 727.25 | 730 |
| SYNGENE | 844.15 | 870 |
| TATACHEM | 1051.2 | 1100 |
| TATACOMM | 1707.95 | 1780 |
| TATACONSUM | 910.75 | 950 |
| TATAMOTORS | 775 | 800 |
| TATAPOWER | 409.2 | 420 |
| TATASTEEL | 140.1 | 145 |
| TCS | 4064.65 | 4100 |
| TECHM | 1698 | 1680 |
| TITAN | 3179.45 | 3200 |
| TORNTPHARM | 3101.4 | 3150 |
| TRENT | 6450.05 | 6600 |
| TVSMOTOR | 2395.6 | 2450 |
| UBL | 1816.25 | 1880 |
| ULTRACEMCO | 10947.55 | 11000 |
| UNITDSPR | 1489.15 | 1480 |
| UPL | 560.95 | 550 |
| VEDL | 440.85 | 460 |
| VOLTAS | 1667.6 | 1700 |
| WIPRO | 556.75 | 560 |
| ZYDUSLIFE | 942.9 | 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.
