MRF
Mrf Ltd
Max pain for MRF
03 Dec 2024 04:11 PM IST
Max Pain for MRF is 125000
Strike 110000 has a total call value of 0 versus a total put value of 5,169,750,000 Combined total value = 5,169,750,000
Strike 110500 has a total call value of 250,000 versus a total put value of 4,959,000,000 Combined total value = 4,959,250,000
Strike 111000 has a total call value of 500,000 versus a total put value of 4,748,250,000 Combined total value = 4,748,750,000
Strike 111500 has a total call value of 750,000 versus a total put value of 4,537,500,000 Combined total value = 4,538,250,000
Strike 112000 has a total call value of 1,000,000 versus a total put value of 4,326,750,000 Combined total value = 4,327,750,000
Strike 112500 has a total call value of 1,250,000 versus a total put value of 4,116,000,000 Combined total value = 4,117,250,000
Strike 113000 has a total call value of 1,500,000 versus a total put value of 3,905,250,000 Combined total value = 3,906,750,000
Strike 113500 has a total call value of 1,750,000 versus a total put value of 3,694,500,000 Combined total value = 3,696,250,000
Strike 114000 has a total call value of 2,000,000 versus a total put value of 3,483,750,000 Combined total value = 3,485,750,000
Strike 114500 has a total call value of 2,250,000 versus a total put value of 3,273,000,000 Combined total value = 3,275,250,000
Strike 115000 has a total call value of 2,500,000 versus a total put value of 3,062,250,000 Combined total value = 3,064,750,000
Strike 115500 has a total call value of 2,750,000 versus a total put value of 2,889,000,000 Combined total value = 2,891,750,000
Strike 116000 has a total call value of 3,000,000 versus a total put value of 2,715,750,000 Combined total value = 2,718,750,000
Strike 116500 has a total call value of 3,250,000 versus a total put value of 2,543,000,000 Combined total value = 2,546,250,000
Strike 117000 has a total call value of 3,500,000 versus a total put value of 2,370,250,000 Combined total value = 2,373,750,000
Strike 117500 has a total call value of 3,750,000 versus a total put value of 2,197,500,000 Combined total value = 2,201,250,000
Strike 118000 has a total call value of 4,000,000 versus a total put value of 2,024,750,000 Combined total value = 2,028,750,000
Strike 118500 has a total call value of 4,250,000 versus a total put value of 1,855,750,000 Combined total value = 1,860,000,000
Strike 119000 has a total call value of 4,500,000 versus a total put value of 1,686,750,000 Combined total value = 1,691,250,000
Strike 119500 has a total call value of 4,750,000 versus a total put value of 1,517,750,000 Combined total value = 1,522,500,000
Strike 120000 has a total call value of 5,000,000 versus a total put value of 1,348,750,000 Combined total value = 1,353,750,000
Strike 120500 has a total call value of 5,250,000 versus a total put value of 1,223,750,000 Combined total value = 1,229,000,000
Strike 121000 has a total call value of 5,500,000 versus a total put value of 1,098,750,000 Combined total value = 1,104,250,000
Strike 121500 has a total call value of 5,750,000 versus a total put value of 973,750,000 Combined total value = 979,500,000
Strike 122000 has a total call value of 6,000,000 versus a total put value of 848,750,000 Combined total value = 854,750,000
Strike 122500 has a total call value of 6,250,000 versus a total put value of 723,750,000 Combined total value = 730,000,000
Strike 123000 has a total call value of 6,500,000 versus a total put value of 598,750,000 Combined total value = 605,250,000
Strike 123500 has a total call value of 6,750,000 versus a total put value of 491,750,000 Combined total value = 498,500,000
Strike 124000 has a total call value of 7,000,000 versus a total put value of 384,750,000 Combined total value = 391,750,000
Strike 124500 has a total call value of 24,500,000 versus a total put value of 295,250,000 Combined total value = 319,750,000
Strike 125000 has a total call value of 47,750,000 versus a total put value of 214,750,000 Combined total value = 262,500,000
Strike 125500 has a total call value of 132,750,000 versus a total put value of 185,000,000 Combined total value = 317,750,000
Strike 126000 has a total call value of 222,250,000 versus a total put value of 156,000,000 Combined total value = 378,250,000
Strike 126500 has a total call value of 337,000,000 versus a total put value of 136,500,000 Combined total value = 473,500,000
Strike 127000 has a total call value of 456,000,000 versus a total put value of 117,000,000 Combined total value = 573,000,000
Strike 127500 has a total call value of 575,000,000 versus a total put value of 97,500,000 Combined total value = 672,500,000
Strike 128000 has a total call value of 694,000,000 versus a total put value of 78,000,000 Combined total value = 772,000,000
Strike 128500 has a total call value of 821,250,000 versus a total put value of 58,500,000 Combined total value = 879,750,000
Strike 129000 has a total call value of 948,500,000 versus a total put value of 39,000,000 Combined total value = 987,500,000
Strike 129500 has a total call value of 1,075,750,000 versus a total put value of 19,500,000 Combined total value = 1,095,250,000
Strike 130000 has a total call value of 1,203,500,000 versus a total put value of 0 Combined total value = 1,203,500,000
Strike 130500 has a total call value of 1,437,750,000 versus a total put value of 0 Combined total value = 1,437,750,000
Strike 131000 has a total call value of 1,672,000,000 versus a total put value of 0 Combined total value = 1,672,000,000
Strike 131500 has a total call value of 1,906,250,000 versus a total put value of 0 Combined total value = 1,906,250,000
Strike 132000 has a total call value of 2,140,500,000 versus a total put value of 0 Combined total value = 2,140,500,000
Strike 132500 has a total call value of 2,377,000,000 versus a total put value of 0 Combined total value = 2,377,000,000
Strike 133000 has a total call value of 2,613,500,000 versus a total put value of 0 Combined total value = 2,613,500,000
Strike 133500 has a total call value of 2,854,000,000 versus a total put value of 0 Combined total value = 2,854,000,000
Strike 134000 has a total call value of 3,094,500,000 versus a total put value of 0 Combined total value = 3,094,500,000
Strike 134500 has a total call value of 3,335,000,000 versus a total put value of 0 Combined total value = 3,335,000,000
Strike 135000 has a total call value of 3,575,500,000 versus a total put value of 0 Combined total value = 3,575,500,000
Strike 135500 has a total call value of 3,880,250,000 versus a total put value of 0 Combined total value = 3,880,250,000
Strike 136000 has a total call value of 4,185,000,000 versus a total put value of 0 Combined total value = 4,185,000,000
Strike 136500 has a total call value of 4,489,750,000 versus a total put value of 0 Combined total value = 4,489,750,000
Strike 137000 has a total call value of 4,794,500,000 versus a total put value of 0 Combined total value = 4,794,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.1 | 460 |
| ABB | 7537.55 | 7500 |
| ABBOTINDIA | 28441.05 | 28000 |
| ABCAPITAL | 199.47 | 200 |
| ABFRL | 316.3 | 320 |
| ACC | 2291.7 | 2300 |
| ADANIENSOL | 801.85 | 800 |
| ADANIENT | 2514.2 | 2540 |
| ADANIGREEN | 1312.8 | 1300 |
| ADANIPORTS | 1288.65 | 1240 |
| ALKEM | 5637.35 | 5600 |
| AMBUJACEM | 566.55 | 550 |
| ANGELONE | 3077.05 | 3000 |
| APLAPOLLO | 1556.8 | 1500 |
| APOLLOHOSP | 7126.55 | 7000 |
| APOLLOTYRE | 521.45 | 510 |
| ASHOKLEY | 235.18 | 230 |
| ASIANPAINT | 2469.4 | 2500 |
| ASTRAL | 1845.7 | 1840 |
| ATGL | 766.25 | 780 |
| ATUL | 7396.45 | 7300 |
| AUBANK | 594.85 | 590 |
| AUROPHARMA | 1264.3 | 1260 |
| AXISBANK | 1160.5 | 1150 |
| BAJAJ-AUTO | 9161.8 | 9200 |
| BAJAJFINSV | 1607.1 | 1600 |
| BAJFINANCE | 6675.45 | 6800 |
| BALKRISIND | 2842.2 | 2800 |
| BANDHANBNK | 175.27 | 175 |
| BANKBARODA | 254.55 | 250 |
| BANKINDIA | 114.02 | 110 |
| BATAINDIA | 1425.9 | 1400 |
| BEL | 312.1 | 305 |
| BERGEPAINT | 482.15 | 490 |
| BHARATFORG | 1350.4 | 1340 |
| BHARTIARTL | 1620.55 | 1600 |
| BHEL | 252.35 | 250 |
| BIOCON | 373.85 | 365 |
| BOSCHLTD | 34923.7 | 35000 |
| BPCL | 294.25 | 295 |
| BRITANNIA | 4909.6 | 4950 |
| BSE | 4513.8 | 4600 |
| BSOFT | 601.45 | 600 |
| CAMS | 5120.2 | 5000 |
| CANBK | 105.12 | 104 |
| CANFINHOME | 834.6 | 830 |
| CDSL | 1663.9 | 1660 |
| CESC | 184.28 | 180 |
| CGPOWER | 761.3 | 750 |
| CHAMBLFERT | 525.1 | 510 |
| CHOLAFIN | 1253.65 | 1260 |
| CIPLA | 1533.9 | 1540 |
| COALINDIA | 422.1 | 420 |
| COFORGE | 8718.25 | 8600 |
| COLPAL | 2896.25 | 2900 |
| CONCOR | 839.85 | 840 |
| COROMANDEL | 1777.5 | 1780 |
| CROMPTON | 409.15 | 410 |
| CUB | 182.9 | 180 |
| CUMMINSIND | 3512.3 | 3500 |
| CYIENT | 1876.6 | 1600 |
| DABUR | 522.55 | 530 |
| DALBHARAT | 1930.8 | 1880 |
| DEEPAKNTR | 2627 | 2700 |
| DELHIVERY | 341.15 | 340 |
| DIVISLAB | 6210.55 | 6150 |
| DIXON | 16866.45 | 16000 |
| DLF | 846.95 | 830 |
| DMART | 3829.85 | 3750 |
| DRREDDY | 1224.5 | 1220 |
| EICHERMOT | 4844.35 | 4900 |
| ESCORTS | 3517.05 | 3600 |
| EXIDEIND | 455.55 | 450 |
| FEDERALBNK | 209.96 | 210 |
| GAIL | 199.99 | 200 |
| GLENMARK | 1559.4 | 1540 |
| GMRINFRA | 83.61 | 84 |
| GNFC | 637.15 | 640 |
| GODREJCP | 1230.45 | 1240 |
| GODREJPROP | 2862.55 | 2850 |
| GRANULES | 534.15 | 560 |
| GRASIM | 2714 | 2640 |
| GUJGASLTD | 497.8 | 480 |
| HAL | 4518.85 | 4500 |
| HAVELLS | 1757.2 | 1740 |
| HCLTECH | 1890.75 | 1880 |
| HDFCAMC | 4258.3 | 4250 |
| HDFCBANK | 1826.3 | 1800 |
| HDFCLIFE | 634 | 650 |
| HEROMOTOCO | 4697 | 4800 |
| HFCL | 130.18 | 130 |
| HINDALCO | 667.55 | 660 |
| HINDCOPPER | 284.7 | 280 |
| HINDPETRO | 384.55 | 385 |
| HINDUNILVR | 2482.85 | 2500 |
| HUDCO | 235.54 | 230 |
| ICICIBANK | 1308.4 | 1300 |
| ICICIGI | 1896.35 | 1900 |
| ICICIPRULI | 684.2 | 700 |
| IDEA | 8.21 | 8 |
| IDFCFIRSTB | 65.2 | 65 |
| IEX | 178.1 | 177.5 |
| IGL | 361.25 | 340 |
| INDHOTEL | 806.65 | 790 |
| INDIAMART | 2357.55 | 2350 |
| INDIANB | 579.9 | 580 |
| INDIGO | 4405.5 | 4400 |
| INDUSINDBK | 998.35 | 1000 |
| INDUSTOWER | 353.9 | 350 |
| INFY | 1892.1 | 1900 |
| IOC | 139.51 | 140 |
| IPCALAB | 1502.75 | 1540 |
| IRB | 55.04 | 53 |
| IRCTC | 831.85 | 830 |
| IRFC | 148.2 | 147.5 |
| ITC | 472.55 | 475 |
| JINDALSTEL | 925.8 | 910 |
| JIOFIN | 340.35 | 330 |
| JKCEMENT | 4647.4 | 4500 |
| JSL | 716.05 | 700 |
| JSWENERGY | 642.95 | 650 |
| JSWSTEEL | 998.8 | 980 |
| JUBLFOOD | 657.05 | 650 |
| KALYANKJIL | 726.85 | 720 |
| KEI | 4340.25 | 4300 |
| KOTAKBANK | 1749.9 | 1780 |
| KPITTECH | 1430.7 | 1400 |
| LALPATHLAB | 2972.9 | 3050 |
| LAURUSLABS | 580.7 | 560 |
| LICHSGFIN | 635.35 | 640 |
| LICI | 969.75 | 980 |
| LODHA | 1296.3 | 1300 |
| LT | 3787.05 | 3700 |
| LTF | 145.62 | 145 |
| LTIM | 6167 | 6200 |
| LTTS | 5316.55 | 5300 |
| LUPIN | 2081.65 | 2060 |
| M&M | 3027.3 | 3000 |
| M&MFIN | 285.3 | 280 |
| MANAPPURAM | 164.19 | 162.5 |
| MARICO | 641.7 | 640 |
| MARUTI | 11279.25 | 11200 |
| MAXHEALTH | 1034.35 | 1000 |
| MCX | 6216.5 | 6200 |
| METROPOLIS | 2076.35 | 2100 |
| MFSL | 1142.35 | 1140 |
| MGL | 1278.25 | 1240 |
| MOTHERSON | 166.2 | 167.5 |
| MPHASIS | 3018.95 | 3000 |
| MRF | 125585.05 | 125000 |
| MUTHOOTFIN | 1932.8 | 1920 |
| NATIONALUM | 246.87 | 242.5 |
| NAUKRI | 8472.5 | 8300 |
| NAVINFLUOR | 3586.85 | 3550 |
| NCC | 314.5 | 310 |
| NESTLEIND | 2261.7 | 2300 |
| NHPC | 81.98 | 81 |
| NMDC | 235.68 | 235 |
| NTPC | 367.45 | 365 |
| NYKAA | 171.88 | 170 |
| OBEROIRLTY | 2060.35 | 2000 |
| OFSS | 12524.85 | 12000 |
| OIL | 490.3 | 480 |
| ONGC | 262.35 | 259 |
| PAGEIND | 46143.25 | 45500 |
| PAYTM | 902.6 | 900 |
| PEL | 1236.5 | 1200 |
| PERSISTENT | 6041.3 | 6000 |
| PETRONET | 339.3 | 333 |
| PFC | 501.15 | 490 |
| PIDILITIND | 3149 | 3100 |
| PIIND | 4138.1 | 4100 |
| PNB | 107.97 | 106 |
| POLICYBZR | 1926.25 | 1800 |
| POLYCAB | 7412.5 | 7200 |
| POONAWALLA | 348.55 | 350 |
| POWERGRID | 329.65 | 330 |
| PRESTIGE | 1724.15 | 1700 |
| PVRINOX | 1598.3 | 1560 |
| RAMCOCEM | 1040.1 | 1000 |
| RBLBANK | 162.71 | 155 |
| RECLTD | 539.7 | 530 |
| RELIANCE | 1323.3 | 1310 |
| SAIL | 122.79 | 120 |
| SBICARD | 704.4 | 700 |
| SBILIFE | 1440.95 | 1440 |
| SBIN | 853.95 | 840 |
| SHREECEM | 27159.35 | 26750 |
| SHRIRAMFIN | 3155.55 | 3100 |
| SIEMENS | 7731 | 7500 |
| SJVN | 117.03 | 115 |
| SONACOMS | 672.7 | 680 |
| SRF | 2311.25 | 2300 |
| SUNPHARMA | 1800.05 | 1800 |
| SUNTV | 774.5 | 760 |
| SUPREMEIND | 4763 | 4600 |
| SYNGENE | 934.85 | 930 |
| TATACHEM | 1136.4 | 1120 |
| TATACOMM | 1807.9 | 1800 |
| TATACONSUM | 955 | 960 |
| TATAELXSI | 7098.55 | 7000 |
| TATAMOTORS | 801.25 | 800 |
| TATAPOWER | 428.55 | 425 |
| TATASTEEL | 146.54 | 150 |
| TCS | 4302.75 | 4300 |
| TECHM | 1749.5 | 1740 |
| TIINDIA | 3620.15 | 3600 |
| TITAN | 3332.75 | 3300 |
| TORNTPHARM | 3363.1 | 3300 |
| TRENT | 6841.35 | 6800 |
| TVSMOTOR | 2556.2 | 2500 |
| UBL | 1955.85 | 1940 |
| ULTRACEMCO | 11852.35 | 11500 |
| UNIONBANK | 126.06 | 124 |
| UNITDSPR | 1542.95 | 1500 |
| UPL | 563.1 | 556.35 |
| VBL | 621.1 | 610 |
| VEDL | 468.35 | 460 |
| VOLTAS | 1688.15 | 1700 |
| WIPRO | 291.65 | 290 |
| YESBANK | 20.84 | 20 |
| ZOMATO | 279.85 | 270 |
| ZYDUSLIFE | 982.1 | 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.
