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MOTHERSON

Samvrdhna Mthrsn Intl Ltd
119.66 +2.51 (2.14%)
L: 117.25 H: 120.43
Max Pain - MOTHERSON
19 Dec 2025 02:32 PM IST
Live


Strike  90  has a total call value of 0  versus a total put value of  90,756,780,000 Combined total value = 90,756,780,000

Strike  91  has a total call value of 0  versus a total put value of  86,735,910,000 Combined total value = 86,735,910,000

Strike  92  has a total call value of 0  versus a total put value of  82,715,040,000 Combined total value = 82,715,040,000

Strike  93  has a total call value of 3,075,000  versus a total put value of  78,703,395,000 Combined total value = 78,706,470,000

Strike  94  has a total call value of 6,150,000  versus a total put value of  74,730,495,000 Combined total value = 74,736,645,000

Strike  95  has a total call value of 9,225,000  versus a total put value of  70,758,210,000 Combined total value = 70,767,435,000

Strike  96  has a total call value of 12,300,000  versus a total put value of  66,848,040,000 Combined total value = 66,860,340,000

Strike  97  has a total call value of 18,450,000  versus a total put value of  62,937,870,000 Combined total value = 62,956,320,000

Strike  98  has a total call value of 26,445,000  versus a total put value of  59,036,925,000 Combined total value = 59,063,370,000

Strike  99  has a total call value of 35,670,000  versus a total put value of  55,191,330,000 Combined total value = 55,227,000,000

Strike  100  has a total call value of 45,510,000  versus a total put value of  51,348,810,000 Combined total value = 51,394,320,000

Strike  101  has a total call value of 97,785,000  versus a total put value of  47,708,625,000 Combined total value = 47,806,410,000

Strike  102  has a total call value of 151,290,000  versus a total put value of  44,077,665,000 Combined total value = 44,228,955,000

Strike  103  has a total call value of 210,945,000  versus a total put value of  40,516,200,000 Combined total value = 40,727,145,000

Strike  104  has a total call value of 275,520,000  versus a total put value of  36,994,710,000 Combined total value = 37,270,230,000

Strike  105  has a total call value of 345,630,000  versus a total put value of  33,497,820,000 Combined total value = 33,843,450,000

Strike  106  has a total call value of 465,555,000  versus a total put value of  30,190,350,000 Combined total value = 30,655,905,000

Strike  107  has a total call value of 587,940,000  versus a total put value of  26,933,310,000 Combined total value = 27,521,250,000

Strike  108  has a total call value of 722,625,000  versus a total put value of  23,740,230,000 Combined total value = 24,462,855,000

Strike  109  has a total call value of 880,680,000  versus a total put value of  20,624,025,000 Combined total value = 21,504,705,000

Strike  110  has a total call value of 1,057,185,000  versus a total put value of  17,591,460,000 Combined total value = 18,648,645,000

Strike  111  has a total call value of 1,624,215,000  versus a total put value of  15,061,350,000 Combined total value = 16,685,565,000

Strike  112  has a total call value of 2,254,590,000  versus a total put value of  12,665,925,000 Combined total value = 14,920,515,000

Strike  113  has a total call value of 3,009,195,000  versus a total put value of  10,536,180,000 Combined total value = 13,545,375,000

Strike  114  has a total call value of 3,820,380,000  versus a total put value of  8,584,785,000 Combined total value = 12,405,165,000

Strike  115  has a total call value of 4,730,580,000  versus a total put value of  6,815,430,000 Combined total value = 11,546,010,000

Strike  116  has a total call value of 5,854,800,000  versus a total put value of  5,404,620,000 Combined total value = 11,259,420,000

Strike  117  has a total call value of 7,084,185,000  versus a total put value of  4,172,160,000 Combined total value = 11,256,345,000

Strike  118  has a total call value of 8,431,650,000  versus a total put value of  3,081,150,000 Combined total value = 11,512,800,000

Strike  119  has a total call value of 9,939,015,000  versus a total put value of  2,156,190,000 Combined total value = 12,095,205,000

Strike  120  has a total call value of 11,672,700,000  versus a total put value of  1,442,790,000 Combined total value = 13,115,490,000

Strike  121  has a total call value of 14,310,435,000  versus a total put value of  1,119,915,000 Combined total value = 15,430,350,000

Strike  122  has a total call value of 17,170,185,000  versus a total put value of  900,975,000 Combined total value = 18,071,160,000

Strike  123  has a total call value of 20,215,665,000  versus a total put value of  707,865,000 Combined total value = 20,923,530,000

Strike  124  has a total call value of 23,526,210,000  versus a total put value of  547,350,000 Combined total value = 24,073,560,000

Strike  125  has a total call value of 27,095,055,000  versus a total put value of  392,370,000 Combined total value = 27,487,425,000

Strike  126  has a total call value of 31,291,200,000  versus a total put value of  293,355,000 Combined total value = 31,584,555,000

Strike  127  has a total call value of 35,753,640,000  versus a total put value of  226,320,000 Combined total value = 35,979,960,000

Strike  128  has a total call value of 40,476,225,000  versus a total put value of  167,280,000 Combined total value = 40,643,505,000

Strike  129  has a total call value of 45,410,985,000  versus a total put value of  124,230,000 Combined total value = 45,535,215,000

Strike  130  has a total call value of 50,354,355,000  versus a total put value of  81,180,000 Combined total value = 50,435,535,000

Strike  131  has a total call value of 55,541,265,000  versus a total put value of  66,420,000 Combined total value = 55,607,685,000

Strike  132  has a total call value of 60,753,390,000  versus a total put value of  51,660,000 Combined total value = 60,805,050,000

Strike  133  has a total call value of 66,084,825,000  versus a total put value of  38,745,000 Combined total value = 66,123,570,000

Strike  134  has a total call value of 71,416,260,000  versus a total put value of  25,830,000 Combined total value = 71,442,090,000

Strike  135  has a total call value of 76,844,250,000  versus a total put value of  12,915,000 Combined total value = 76,857,165,000

Strike  136  has a total call value of 82,272,240,000  versus a total put value of  0 Combined total value = 82,272,240,000

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1131 1140
ABB 5150 5200
ABCAPITAL 348 345
ADANIENSOL 982 980
ADANIENT 2227.5 2300
ADANIGREEN 1017.6 1020
ADANIPORTS 1493.1 1500
ALKEM 5537 5650
AMBER 6656 6800
AMBUJACEM 539.8 550
ANGELONE 2505.6 2550
APLAPOLLO 1809.4 1760
APOLLOHOSP 6990.5 7100
ASHOKLEY 173.2 164
ASIANPAINT 2790.1 2800
ASTRAL 1419 1440
AUBANK 982.4 960
AUROPHARMA 1221.5 1220
AXISBANK 1232.8 1240
BAJAJ-AUTO 8976.5 9000
BAJAJFINSV 2039.7 2060
BAJFINANCE 1005.9 1020
BANDHANBNK 149.59 150
BANKBARODA 290.9 290
BANKINDIA 142.74 143
BDL 1360.7 1400
BEL 392 400
BHARATFORG 1432.3 1400
BHARTIARTL 2093.2 2100
BHEL 274.5 280
BIOCON 396.25 395
BLUESTARCO 1768.4 1780
BOSCHLTD 35680 36000
BPCL 363 365
BRITANNIA 6091 6000
BSE 2693.1 2700
CAMS 754.3 770
CANBK 147.7 150
CDSL 1492.6 1540
CGPOWER 670.95 680
CHOLAFIN 1633.2 1700
CIPLA 1511.3 1520
COALINDIA 385.05 385
COFORGE 1843.8 1840
COLPAL 2099.9 2160
CONCOR 498.9 520
CROMPTON 253.1 260
CUMMINSIND 4365.5 4400
CYIENT 1155.5 1140
DABUR 493.65 500
DALBHARAT 2018.1 2020
DELHIVERY 404.75 410
DIVISLAB 6444 6450
DIXON 13141 13500
DLF 686.4 710
DMART 3814.1 3900
DRREDDY 1272.8 1270
EICHERMOT 7209.5 7150
ETERNAL 286.75 295
EXIDEIND 361.7 370
FEDERALBNK 267.25 260
FORTIS 888.8 890
GAIL 168.81 175
GLENMARK 1981.2 1940
GMRAIRPORT 101.15 102
GODREJCP 1184.4 1160
GODREJPROP 2032.6 2060
GRASIM 2814.2 2800
HAL 4299.5 4500
HAVELLS 1412.1 1440
HCLTECH 1642.7 1660
HDFCAMC 2666.9 2660
HDFCBANK 987 995
HDFCLIFE 762.8 770
HEROMOTOCO 5742.5 5850
HFCL 63.93 67
HINDALCO 851.55 820
HINDPETRO 466.5 460
HINDUNILVR 2282.3 2300
HINDZINC 587.3 560
HUDCO 209.21 217.5
ICICIBANK 1355.2 1370
ICICIGI 1946.8 1960
ICICIPRULI 648.75 630
IDEA 11.64 11
IDFCFIRSTB 84.58 82
IEX 140.86 145
IIFL 559.95 560
INDHOTEL 729.7 730
INDIANB 777.1 810
INDIGO 5144.5 5100
INDUSINDBK 842.9 850
INDUSTOWER 411.3 410
INFY 1632.5 1600
INOXWIND 125.24 130
IOC 161.36 161
IRCTC 671.65 690
IREDA 132.06 140
IRFC 112.36 116
ITC 401.7 405
JINDALSTEL 987.2 1020
JIOFIN 297 305
JSWENERGY 476.45 490
JSWSTEEL 1077.3 1120
JUBLFOOD 563.2 580
KALYANKJIL 477.8 480
KAYNES 4147 4300
KEI 4243.1 4100
KFINTECH 1075.2 1080
KOTAKBANK 2161.6 2160
KPITTECH 1221.5 1200
LAURUSLABS 1038 1010
LICHSGFIN 530.3 550
LICI 848.9 870
LODHA 1082.7 1120
LT 4076.9 4040
LTF 299.15 300
LTIM 6187.5 6100
LUPIN 2118.9 2100
M&M 3605.5 3650
MANAPPURAM 290.15 282.5
MANKIND 2158.4 2200
MARICO 741.3 740
MARUTI 16444 16300
MAXHEALTH 1079.9 1100
MAZDOCK 2396.3 2500
MCX 10297 10100
MFSL 1680.3 1680
MOTHERSON 119.66 117
MPHASIS 2886.5 2900
MUTHOOTFIN 3763.5 3750
NATIONALUM 277.6 272.5
NAUKRI 1338.5 1360
NBCC 112.94 112
NCC 154.53 165
NESTLEIND 1241.3 1240
NHPC 76.23 78
NMDC 75.96 77
NTPC 319.05 325
NUVAMA 7106.5 7200
NYKAA 248.8 252.5
OBEROIRLTY 1668.1 1660
OFSS 7744.5 8000
OIL 406.05 410
ONGC 232.46 237.5
PAGEIND 35755 36500
PATANJALI 558.9 550
PAYTM 1324.7 1300
PERSISTENT 6346.5 6300
PETRONET 273.1 280
PFC 336.95 355
PGEL 580.3 560
PHOENIXLTD 1826.1 1760
PIDILITIND 1453 1480
PIIND 3229.9 3350
PNB 119.3 120
PNBHOUSING 914.6 900
POLICYBZR 1882.7 1860
POLYCAB 7405.5 7300
POWERGRID 262.95 270
POWERINDIA 18365 18500
PPLPHARMA 170.6 175
PRESTIGE 1615.9 1640
RBLBANK 300.05 305
RECLTD 338.25 350
RELIANCE 1567.5 1550
RVNL 315.2 315
SAIL 125.24 130
SAMMAANCAP 144.45 155
SBICARD 864 870
SBILIFE 2028.6 2020
SBIN 978.5 970
SHREECEM 25575 26000
SHRIRAMFIN 898.6 880
SIEMENS 3100.7 3150
SOLARINDS 11865 12500
SONACOMS 499 500
SRF 3075 3000
SUNPHARMA 1747.5 1760
SUPREMEIND 3369.3 3400
SUZLON 52.19 54
SYNGENE 649.3 650
TATACONSUM 1184.3 1180
TATAELXSI 5426.5 5300
TATAMOTORS 0 320
TATAPOWER 378.7 390
TATASTEEL 168.4 170
TATATECH 652.1 670
TCS 3296.8 3240
TECHM 1611.2 1560
TIINDIA 2620.9 2700
TITAGARH 777.4 800
TITAN 3935.8 3880
TMPV 352.1 360
TORNTPHARM 3777.8 3750
TORNTPOWER 1277.6 1300
TRENT 4063.5 4200
TVSMOTOR 3663.2 3600
ULTRACEMCO 11512 11600
UNIONBANK 153.39 155
UNITDSPR 1407.1 1430
UNOMINDA 1259.4 1280
UPL 746 750
VBL 468 470
VEDL 576.25 555
VOLTAS 1371.2 1380
WIPRO 264.45 260
YESBANK 21.59 22
ZYDUSLIFE 914 930

Note:
Stock LTP > Max Pain Bearish Trend
Stock LTP < Max Pain Bullish Trend
Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

  1. For each strike price: Calculate the difference between the current stock price and the strike price.
  2. Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
  3. Sum the values: Add together the dollar value for put options and call options at each strike price.
  4. Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
  5. Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

  • Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
  • Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
  • Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
  • Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
  • Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

  • Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
  • Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
  • Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
  • Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

  • Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
  • Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
  • Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
  • New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

  • Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
  • Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

  • Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
  • Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
  • Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
  • Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
  • Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

  • Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
  • Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
  • High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
  • Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
  • Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.