NATIONALUM
National Aluminium Co Ltd
Max pain for NATIONALUM
14 Jan 2025 02:40 PM IST
Max Pain for NATIONALUM is 210
Strike 170 has a total call value of 0 versus a total put value of 75,251,250,000 Combined total value = 75,251,250,000
Strike 175 has a total call value of 24,375,000 versus a total put value of 64,554,375,000 Combined total value = 64,578,750,000
Strike 180 has a total call value of 71,250,000 versus a total put value of 54,288,750,000 Combined total value = 54,360,000,000
Strike 185 has a total call value of 176,250,000 versus a total put value of 44,985,000,000 Combined total value = 45,161,250,000
Strike 190 has a total call value of 337,500,000 versus a total put value of 36,294,375,000 Combined total value = 36,631,875,000
Strike 195 has a total call value of 635,625,000 versus a total put value of 28,700,625,000 Combined total value = 29,336,250,000
Strike 197.5 has a total call value of 886,875,000 versus a total put value of 25,215,000,000 Combined total value = 26,101,875,000
Strike 200 has a total call value of 1,243,125,000 versus a total put value of 21,847,500,000 Combined total value = 23,090,625,000
Strike 202.5 has a total call value of 2,381,250,000 versus a total put value of 19,034,062,500 Combined total value = 21,415,312,500
Strike 205 has a total call value of 3,648,750,000 versus a total put value of 16,377,187,500 Combined total value = 20,025,937,500
Strike 207.5 has a total call value of 5,222,812,500 versus a total put value of 13,931,250,000 Combined total value = 19,154,062,500
Strike 210 has a total call value of 6,914,062,500 versus a total put value of 11,571,562,500 Combined total value = 18,485,625,000
Strike 212.5 has a total call value of 9,617,812,500 versus a total put value of 9,778,125,000 Combined total value = 19,395,937,500
Strike 215 has a total call value of 12,442,500,000 versus a total put value of 8,077,500,000 Combined total value = 20,520,000,000
Strike 217.5 has a total call value of 15,990,000,000 versus a total put value of 6,675,000,000 Combined total value = 22,665,000,000
Strike 220 has a total call value of 19,948,125,000 versus a total put value of 5,342,812,500 Combined total value = 25,290,937,500
Strike 222.5 has a total call value of 25,547,812,500 versus a total put value of 4,499,062,500 Combined total value = 30,046,875,000
Strike 225 has a total call value of 31,230,000,000 versus a total put value of 3,729,375,000 Combined total value = 34,959,375,000
Strike 227.5 has a total call value of 37,388,437,500 versus a total put value of 3,062,812,500 Combined total value = 40,451,250,000
Strike 230 has a total call value of 43,648,125,000 versus a total put value of 2,396,250,000 Combined total value = 46,044,375,000
Strike 232.5 has a total call value of 50,863,125,000 versus a total put value of 1,968,750,000 Combined total value = 52,831,875,000
Strike 235 has a total call value of 58,113,750,000 versus a total put value of 1,541,250,000 Combined total value = 59,655,000,000
Strike 237.5 has a total call value of 65,718,750,000 versus a total put value of 1,171,875,000 Combined total value = 66,890,625,000
Strike 240 has a total call value of 73,323,750,000 versus a total put value of 802,500,000 Combined total value = 74,126,250,000
Strike 242.5 has a total call value of 81,467,812,500 versus a total put value of 609,375,000 Combined total value = 82,077,187,500
Strike 245 has a total call value of 89,611,875,000 versus a total put value of 416,250,000 Combined total value = 90,028,125,000
Strike 247.5 has a total call value of 97,755,937,500 versus a total put value of 223,125,000 Combined total value = 97,979,062,500
Strike 250 has a total call value of 105,900,000,000 versus a total put value of 30,000,000 Combined total value = 105,930,000,000
Strike 252.5 has a total call value of 114,516,562,500 versus a total put value of 22,500,000 Combined total value = 114,539,062,500
Strike 255 has a total call value of 123,197,812,500 versus a total put value of 15,000,000 Combined total value = 123,212,812,500
Strike 257.5 has a total call value of 131,879,062,500 versus a total put value of 7,500,000 Combined total value = 131,886,562,500
Strike 260 has a total call value of 140,560,312,500 versus a total put value of 0 Combined total value = 140,560,312,500
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 408.85 | 420 |
| ABB | 6131.15 | 6600 |
| ABBOTINDIA | 28237.25 | 29000 |
| ABCAPITAL | 173.8 | 182.5 |
| ABFRL | 269.9 | 280 |
| ACC | 1946 | 2060 |
| ADANIENSOL | 773.75 | 780 |
| ADANIENT | 2385.4 | 2500 |
| ADANIGREEN | 1004.5 | 1000 |
| ADANIPORTS | 1120.6 | 1180 |
| ALKEM | 5261.25 | 5450 |
| AMBUJACEM | 515.6 | 550 |
| ANGELONE | 2374.5 | 2500 |
| APLAPOLLO | 1475.8 | 1520 |
| APOLLOHOSP | 6691.75 | 7050 |
| APOLLOTYRE | 451.9 | 470 |
| ASHOKLEY | 209.93 | 220 |
| ASIANPAINT | 2239.7 | 2320 |
| ASTRAL | 1492.9 | 1600 |
| ATGL | 676.75 | 680 |
| ATUL | 6726.5 | 6900 |
| AUBANK | 574.5 | 565 |
| AUROPHARMA | 1173.05 | 1220 |
| AXISBANK | 1052.95 | 1080 |
| BAJAJ-AUTO | 8606.35 | 8900 |
| BAJAJFINSV | 1706.4 | 1640 |
| BAJFINANCE | 7352.25 | 7200 |
| BALKRISIND | 2701 | 2800 |
| BANDHANBNK | 145.71 | 160 |
| BANKBARODA | 223.1 | 240 |
| BANKINDIA | 93.82 | 98 |
| BATAINDIA | 1343.1 | 1380 |
| BEL | 268.6 | 280 |
| BERGEPAINT | 462.2 | 460 |
| BHARATFORG | 1189.5 | 1260 |
| BHARTIARTL | 1600.5 | 1600 |
| BHEL | 195.59 | 220 |
| BIOCON | 387.1 | 375 |
| BOSCHLTD | 31580 | 33000 |
| BPCL | 269.7 | 280 |
| BRITANNIA | 4882.1 | 4850 |
| BSE | 5443.65 | 5300 |
| BSOFT | 533.2 | 560 |
| CAMS | 4243.15 | 4700 |
| CANBK | 92.88 | 98 |
| CANFINHOME | 664 | 700 |
| CDSL | 1571 | 1700 |
| CESC | 153.16 | 160 |
| CGPOWER | 635.65 | 660 |
| CHAMBLFERT | 473.3 | 490 |
| CHOLAFIN | 1270.15 | 1260 |
| CIPLA | 1444.9 | 1500 |
| COALINDIA | 368.35 | 385 |
| COFORGE | 8552.4 | 9000 |
| COLPAL | 2709.5 | 2780 |
| CONCOR | 758.15 | 780 |
| COROMANDEL | 1824.95 | 1880 |
| CROMPTON | 357.8 | 370 |
| CUB | 167.14 | 170 |
| CUMMINSIND | 2934.3 | 3150 |
| CYIENT | 1693.9 | 1720 |
| DABUR | 512.45 | 515 |
| DALBHARAT | 1725.75 | 1740 |
| DEEPAKNTR | 2334.55 | 2450 |
| DELHIVERY | 324.05 | 335 |
| DIVISLAB | 5962.3 | 5900 |
| DIXON | 16065.25 | 17000 |
| DLF | 721.55 | 770 |
| DMART | 3470.3 | 3700 |
| DRREDDY | 1335.35 | 1350 |
| EICHERMOT | 5010 | 5000 |
| ESCORTS | 3432.15 | 3300 |
| EXIDEIND | 381.35 | 410 |
| FEDERALBNK | 192.19 | 197.5 |
| GAIL | 175.33 | 190 |
| GLENMARK | 1512.15 | 1560 |
| GMRAIRPORT | 71.36 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 535.45 | 550 |
| GODREJCP | 1136.9 | 1140 |
| GODREJPROP | 2299.45 | 2500 |
| GRANULES | 586.85 | 590 |
| GRASIM | 2305.35 | 2480 |
| GUJGASLTD | 486.5 | 495 |
| HAL | 3822.95 | 4150 |
| HAVELLS | 1525.55 | 1600 |
| HCLTECH | 1825.05 | 1840 |
| HDFCAMC | 3903.3 | 3950 |
| HDFCBANK | 1647 | 1700 |
| HDFCLIFE | 600.75 | 620 |
| HEROMOTOCO | 4096.1 | 4200 |
| HFCL | 97.77 | 105 |
| HINDALCO | 589.85 | 600 |
| HINDCOPPER | 225.51 | 250 |
| HINDPETRO | 371.8 | 390 |
| HINDUNILVR | 2373.1 | 2400 |
| HUDCO | 213.78 | 220 |
| ICICIBANK | 1239.35 | 1270 |
| ICICIGI | 1827.85 | 1860 |
| ICICIPRULI | 639.7 | 660 |
| IDEA | 8.12 | 8 |
| IDFCFIRSTB | 61.92 | 63 |
| IEX | 166.54 | 177.5 |
| IGL | 411.15 | 410 |
| INDHOTEL | 775.55 | 800 |
| INDIAMART | 2245.3 | 2300 |
| INDIANB | 502.6 | 520 |
| INDIGO | 3994.8 | 4300 |
| INDUSINDBK | 964.4 | 980 |
| INDUSTOWER | 340.65 | 340 |
| INFY | 1938.5 | 1940 |
| IOC | 126.45 | 135 |
| IPCALAB | 1585.1 | 1640 |
| IRB | 51.1 | 55 |
| IRCTC | 757.45 | 790 |
| IRFC | 134.54 | 135 |
| ITC | 437 | 445 |
| JINDALSTEL | 909.65 | 940 |
| JIOFIN | 272.2 | 285 |
| JKCEMENT | 4375 | 4500 |
| JSL | 625.25 | 630 |
| JSWENERGY | 548.85 | 570 |
| JSWSTEEL | 904.75 | 920 |
| JUBLFOOD | 708.6 | 730 |
| KALYANKJIL | 598.6 | 640 |
| KEI | 4021.8 | 4200 |
| KOTAKBANK | 1755.7 | 1800 |
| KPITTECH | 1323.4 | 1400 |
| LALPATHLAB | 2804.45 | 2950 |
| LAURUSLABS | 565.4 | 590 |
| LICHSGFIN | 550.6 | 580 |
| LICI | 822.95 | 860 |
| LODHA | 1141.7 | 1240 |
| LT | 3461.45 | 3600 |
| LTF | 133.03 | 140 |
| LTIM | 5782 | 5800 |
| LTTS | 4706.05 | 4800 |
| LUPIN | 2151 | 2240 |
| M&M | 3052.7 | 3100 |
| M&MFIN | 265.85 | 270 |
| MANAPPURAM | 176.97 | 190 |
| MARICO | 661 | 660 |
| MARUTI | 11745.1 | 11600 |
| MAXHEALTH | 1083.75 | 1140 |
| MCX | 5688.7 | 6000 |
| METROPOLIS | 1873.85 | 2000 |
| MFSL | 1053.7 | 1100 |
| MGL | 1270 | 1280 |
| MOTHERSON | 145.03 | 155 |
| MPHASIS | 2777.2 | 2900 |
| MRF | 114300 | 118000 |
| MUTHOOTFIN | 2120.45 | 2140 |
| NATIONALUM | 197.8 | 210 |
| NAUKRI | 7466.4 | 8000 |
| NAVINFLUOR | 3623.2 | 3650 |
| NCC | 245.75 | 260 |
| NESTLEIND | 2221.3 | 2200 |
| NHPC | 76.64 | 78 |
| NMDC | 63.03 | 67 |
| NTPC | 309.65 | 320 |
| NYKAA | 165.1 | 167.5 |
| OBEROIRLTY | 1977.55 | 2140 |
| OFSS | 10713.1 | 11500 |
| OIL | 467.1 | 460 |
| ONGC | 260.09 | 257.5 |
| PAGEIND | 46362.3 | 47000 |
| PAYTM | 819.05 | 880 |
| PEL | 1022.45 | 1080 |
| PERSISTENT | 5875.2 | 6200 |
| PETRONET | 325.1 | 335 |
| PFC | 417.5 | 440 |
| PIDILITIND | 2809.35 | 2900 |
| PIIND | 3472 | 3600 |
| PNB | 97.81 | 102 |
| POLICYBZR | 1737.3 | 1900 |
| POLYCAB | 6418 | 6800 |
| POONAWALLA | 308.55 | 315 |
| POWERGRID | 290.4 | 305 |
| PRESTIGE | 1423.8 | 1550 |
| PVRINOX | 1084.35 | 1180 |
| RAMCOCEM | 882.85 | 930 |
| RBLBANK | 152.43 | 160 |
| RECLTD | 476.55 | 500 |
| RELIANCE | 1234.45 | 1250 |
| SAIL | 105.69 | 110 |
| SBICARD | 732.25 | 730 |
| SBILIFE | 1499.4 | 1440 |
| SBIN | 747.7 | 780 |
| SHREECEM | 25092 | 25750 |
| SHRIRAMFIN | 542.65 | 570 |
| SIEMENS | 5860.05 | 6200 |
| SJVN | 93.95 | 100 |
| SONACOMS | 565.45 | 580 |
| SRF | 2497.15 | 2560 |
| SUNPHARMA | 1767.4 | 1820 |
| SUNTV | 657 | 680 |
| SUPREMEIND | 4357.75 | 4500 |
| SYNGENE | 828.45 | 850 |
| TATACHEM | 966.45 | 1020 |
| TATACOMM | 1679.9 | 1740 |
| TATACONSUM | 961.55 | 950 |
| TATAELXSI | 6056.7 | 6200 |
| TATAMOTORS | 770.95 | 780 |
| TATAPOWER | 356.15 | 380 |
| TATASTEEL | 126.82 | 135 |
| TCS | 4239.75 | 4200 |
| TECHM | 1651.6 | 1680 |
| TIINDIA | 3301.05 | 3500 |
| TITAN | 3326.75 | 3400 |
| TORNTPHARM | 3244.2 | 3350 |
| TRENT | 6145.75 | 6700 |
| TVSMOTOR | 2234.6 | 2320 |
| UBL | 1962.7 | 2000 |
| ULTRACEMCO | 10493.2 | 11100 |
| UNIONBANK | 103.1 | 110 |
| UNITDSPR | 1407.8 | 1500 |
| UPL | 540.6 | 530 |
| VBL | 566.8 | 600 |
| VEDL | 430.55 | 450 |
| VOLTAS | 1637 | 1720 |
| WIPRO | 292.85 | 295 |
| YESBANK | 17.93 | 19 |
| ZOMATO | 234.2 | 250 |
| ZYDUSLIFE | 994.75 | 1000 |
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.
