NATIONALUM
National Aluminium Co Ltd
Max pain for NATIONALUM
20 Dec 2024 04:10 PM IST
Max Pain for NATIONALUM is 232.5
Strike 180 has a total call value of 0 versus a total put value of 113,776,875,000 Combined total value = 113,776,875,000
Strike 182.5 has a total call value of 0 versus a total put value of 108,105,937,500 Combined total value = 108,105,937,500
Strike 185 has a total call value of 0 versus a total put value of 102,435,000,000 Combined total value = 102,435,000,000
Strike 187.5 has a total call value of 0 versus a total put value of 96,771,562,500 Combined total value = 96,771,562,500
Strike 190 has a total call value of 0 versus a total put value of 91,108,125,000 Combined total value = 91,108,125,000
Strike 192.5 has a total call value of 0 versus a total put value of 85,444,687,500 Combined total value = 85,444,687,500
Strike 195 has a total call value of 0 versus a total put value of 79,781,250,000 Combined total value = 79,781,250,000
Strike 197.5 has a total call value of 1,875,000 versus a total put value of 74,124,375,000 Combined total value = 74,126,250,000
Strike 200 has a total call value of 3,750,000 versus a total put value of 68,467,500,000 Combined total value = 68,471,250,000
Strike 202.5 has a total call value of 45,000,000 versus a total put value of 63,075,937,500 Combined total value = 63,120,937,500
Strike 205 has a total call value of 86,250,000 versus a total put value of 57,705,000,000 Combined total value = 57,791,250,000
Strike 207.5 has a total call value of 128,437,500 versus a total put value of 52,512,187,500 Combined total value = 52,640,625,000
Strike 210 has a total call value of 177,187,500 versus a total put value of 47,366,250,000 Combined total value = 47,543,437,500
Strike 212.5 has a total call value of 261,562,500 versus a total put value of 42,575,625,000 Combined total value = 42,837,187,500
Strike 215 has a total call value of 355,312,500 versus a total put value of 37,846,875,000 Combined total value = 38,202,187,500
Strike 217.5 has a total call value of 537,187,500 versus a total put value of 33,472,500,000 Combined total value = 34,009,687,500
Strike 220 has a total call value of 795,937,500 versus a total put value of 29,184,375,000 Combined total value = 29,980,312,500
Strike 222.5 has a total call value of 1,588,125,000 versus a total put value of 25,373,437,500 Combined total value = 26,961,562,500
Strike 225 has a total call value of 2,608,125,000 versus a total put value of 21,641,250,000 Combined total value = 24,249,375,000
Strike 227.5 has a total call value of 4,093,125,000 versus a total put value of 18,331,875,000 Combined total value = 22,425,000,000
Strike 230 has a total call value of 5,680,312,500 versus a total put value of 15,146,250,000 Combined total value = 20,826,562,500
Strike 232.5 has a total call value of 7,946,250,000 versus a total put value of 12,741,562,500 Combined total value = 20,687,812,500
Strike 235 has a total call value of 10,371,562,500 versus a total put value of 10,431,562,500 Combined total value = 20,803,125,000
Strike 237.5 has a total call value of 13,368,750,000 versus a total put value of 8,371,875,000 Combined total value = 21,740,625,000
Strike 240 has a total call value of 16,526,250,000 versus a total put value of 6,392,812,500 Combined total value = 22,919,062,500
Strike 242.5 has a total call value of 20,596,875,000 versus a total put value of 4,826,250,000 Combined total value = 25,423,125,000
Strike 245 has a total call value of 24,881,250,000 versus a total put value of 3,437,812,500 Combined total value = 28,319,062,500
Strike 247.5 has a total call value of 29,909,062,500 versus a total put value of 2,386,875,000 Combined total value = 32,295,937,500
Strike 250 has a total call value of 35,193,750,000 versus a total put value of 1,427,812,500 Combined total value = 36,621,562,500
Strike 252.5 has a total call value of 42,405,937,500 versus a total put value of 893,437,500 Combined total value = 43,299,375,000
Strike 255 has a total call value of 50,008,125,000 versus a total put value of 489,375,000 Combined total value = 50,497,500,000
Strike 257.5 has a total call value of 58,497,187,500 versus a total put value of 360,937,500 Combined total value = 58,858,125,000
Strike 260 has a total call value of 67,229,062,500 versus a total put value of 232,500,000 Combined total value = 67,461,562,500
Strike 262.5 has a total call value of 77,193,750,000 versus a total put value of 174,375,000 Combined total value = 77,368,125,000
Strike 265 has a total call value of 87,264,375,000 versus a total put value of 116,250,000 Combined total value = 87,380,625,000
Strike 267.5 has a total call value of 97,589,062,500 versus a total put value of 58,125,000 Combined total value = 97,647,187,500
Strike 270 has a total call value of 108,043,125,000 versus a total put value of 0 Combined total value = 108,043,125,000
Strike 272.5 has a total call value of 119,085,000,000 versus a total put value of 0 Combined total value = 119,085,000,000
Strike 275 has a total call value of 130,150,312,500 versus a total put value of 0 Combined total value = 130,150,312,500
Strike 277.5 has a total call value of 141,688,125,000 versus a total put value of 0 Combined total value = 141,688,125,000
Strike 280 has a total call value of 153,225,937,500 versus a total put value of 0 Combined total value = 153,225,937,500
Strike 282.5 has a total call value of 164,986,875,000 versus a total put value of 0 Combined total value = 164,986,875,000
Strike 285 has a total call value of 176,747,812,500 versus a total put value of 0 Combined total value = 176,747,812,500
Strike 287.5 has a total call value of 188,700,937,500 versus a total put value of 0 Combined total value = 188,700,937,500
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 403.85 | 450 |
| ABB | 6921.25 | 7300 |
| ABBOTINDIA | 28655.35 | 28000 |
| ABCAPITAL | 186.21 | 200 |
| ABFRL | 282.2 | 300 |
| ACC | 2063.65 | 2260 |
| ADANIENSOL | 767.55 | 800 |
| ADANIENT | 2344.95 | 2500 |
| ADANIGREEN | 1034.35 | 1120 |
| ADANIPORTS | 1182.45 | 1240 |
| ALKEM | 5427.5 | 5500 |
| AMBUJACEM | 548.8 | 560 |
| ANGELONE | 2881.7 | 3100 |
| APLAPOLLO | 1559 | 1600 |
| APOLLOHOSP | 7251.7 | 7200 |
| APOLLOTYRE | 531.95 | 530 |
| ASHOKLEY | 217.28 | 225 |
| ASIANPAINT | 2282.35 | 2400 |
| ASTRAL | 1734.6 | 1820 |
| ATGL | 674.35 | 720 |
| ATUL | 7023.15 | 7300 |
| AUBANK | 537.6 | 570 |
| AUROPHARMA | 1241.7 | 1240 |
| AXISBANK | 1071.85 | 1120 |
| BAJAJ-AUTO | 8787.25 | 9000 |
| BAJAJFINSV | 1569.65 | 1640 |
| BAJFINANCE | 6848.25 | 7000 |
| BALKRISIND | 2790.05 | 2800 |
| BANDHANBNK | 159.05 | 170 |
| BANKBARODA | 240.59 | 250 |
| BANKINDIA | 103.03 | 110 |
| BATAINDIA | 1342.25 | 1400 |
| BEL | 290.85 | 310 |
| BERGEPAINT | 444.8 | 465 |
| BHARATFORG | 1278.9 | 1340 |
| BHARTIARTL | 1578.1 | 1600 |
| BHEL | 235.3 | 250 |
| BIOCON | 335.95 | 355 |
| BOSCHLTD | 34576.95 | 35000 |
| BPCL | 289.05 | 295 |
| BRITANNIA | 4698.1 | 4800 |
| BSE | 5542.85 | 5300 |
| BSOFT | 577 | 600 |
| CAMS | 4951 | 5100 |
| CANBK | 99.61 | 104 |
| CANFINHOME | 747.7 | 790 |
| CDSL | 1860.75 | 1860 |
| CESC | 182.74 | 190 |
| CGPOWER | 730.05 | 760 |
| CHAMBLFERT | 509.15 | 520 |
| CHOLAFIN | 1189.55 | 1260 |
| CIPLA | 1472.05 | 1480 |
| COALINDIA | 382 | 414.25 |
| COFORGE | 9370.45 | 9200 |
| COLPAL | 2750.85 | 2850 |
| CONCOR | 767.95 | 830 |
| COROMANDEL | 1839.3 | 1800 |
| CROMPTON | 388.25 | 405 |
| CUB | 175.42 | 180 |
| CUMMINSIND | 3312.9 | 3450 |
| CYIENT | 1924.4 | 2000 |
| DABUR | 502.55 | 510 |
| DALBHARAT | 1801.9 | 1880 |
| DEEPAKNTR | 2596.85 | 2700 |
| DELHIVERY | 349.6 | 365 |
| DIVISLAB | 5846.75 | 6000 |
| DIXON | 17944.9 | 18000 |
| DLF | 830.7 | 850 |
| DMART | 3408.3 | 3600 |
| DRREDDY | 1343.65 | 1300 |
| EICHERMOT | 4734.5 | 4800 |
| ESCORTS | 3162.05 | 3350 |
| EXIDEIND | 426.3 | 450 |
| FEDERALBNK | 194.46 | 205 |
| GAIL | 192.42 | 200 |
| GLENMARK | 1541.65 | 1520 |
| GMRAIRPORT | 78.82 | 85 |
| GMRINFRA | 0 | 36 |
| GNFC | 583.8 | 610 |
| GODREJCP | 1069.6 | 1120 |
| GODREJPROP | 2855.95 | 2900 |
| GRANULES | 592.4 | 580 |
| GRASIM | 2488.7 | 2620 |
| GUJGASLTD | 499.8 | 500 |
| HAL | 4190.2 | 4500 |
| HAVELLS | 1657.4 | 1720 |
| HCLTECH | 1911.35 | 1900 |
| HDFCAMC | 4262.8 | 4400 |
| HDFCBANK | 1771.5 | 1800 |
| HDFCLIFE | 623.8 | 640 |
| HEROMOTOCO | 4339.95 | 4600 |
| HFCL | 113.35 | 120 |
| HINDALCO | 622.65 | 650 |
| HINDCOPPER | 271.5 | 290 |
| HINDPETRO | 399.5 | 400 |
| HINDUNILVR | 2333.9 | 2400 |
| HUDCO | 242.11 | 245 |
| ICICIBANK | 1288.4 | 1300 |
| ICICIGI | 1902.15 | 1920 |
| ICICIPRULI | 653.9 | 670 |
| IDEA | 7.4 | 8 |
| IDFCFIRSTB | 61.68 | 65 |
| IEX | 177.45 | 182.5 |
| IGL | 388.3 | 370 |
| INDHOTEL | 854.1 | 850 |
| INDIAMART | 2249.95 | 2350 |
| INDIANB | 537.15 | 580 |
| INDIGO | 4395.6 | 4400 |
| INDUSINDBK | 929.45 | 980 |
| INDUSTOWER | 337.1 | 350 |
| INFY | 1922.15 | 1920 |
| IOC | 137.08 | 142.5 |
| IPCALAB | 1582.5 | 1560 |
| IRB | 55.09 | 57 |
| IRCTC | 784.25 | 830 |
| IRFC | 148.41 | 155 |
| ITC | 464.65 | 470 |
| JINDALSTEL | 908.05 | 940 |
| JIOFIN | 304.3 | 325 |
| JKCEMENT | 4517.8 | 4600 |
| JSL | 719.8 | 730 |
| JSWENERGY | 669.8 | 660 |
| JSWSTEEL | 917.35 | 950 |
| JUBLFOOD | 672.7 | 670 |
| KALYANKJIL | 719.2 | 740 |
| KEI | 4166.25 | 4400 |
| KOTAKBANK | 1743.55 | 1780 |
| KPITTECH | 1451.25 | 1500 |
| LALPATHLAB | 2946.25 | 3050 |
| LAURUSLABS | 559.2 | 570 |
| LICHSGFIN | 582.25 | 620 |
| LICI | 901.7 | 940 |
| LODHA | 1400.7 | 1440 |
| LT | 3629.85 | 3750 |
| LTF | 136.48 | 145 |
| LTIM | 5824.3 | 6150 |
| LTTS | 4828.5 | 5200 |
| LUPIN | 2150.7 | 2100 |
| M&M | 2906.35 | 3000 |
| M&MFIN | 266.05 | 275 |
| MANAPPURAM | 181.03 | 180 |
| MARICO | 627.95 | 630 |
| MARUTI | 10901.05 | 11100 |
| MAXHEALTH | 1165.2 | 1140 |
| MCX | 6397.4 | 6500 |
| METROPOLIS | 2058.05 | 2120 |
| MFSL | 1109.2 | 1140 |
| MGL | 1215.3 | 1260 |
| MOTHERSON | 156.06 | 165 |
| MPHASIS | 2950.6 | 3100 |
| MRF | 128057.9 | 130000 |
| MUTHOOTFIN | 2075.65 | 2060 |
| NATIONALUM | 215.36 | 232.5 |
| NAUKRI | 8494.95 | 8600 |
| NAVINFLUOR | 3305.85 | 3500 |
| NCC | 287.55 | 300 |
| NESTLEIND | 2163.5 | 2220 |
| NHPC | 81.47 | 85 |
| NMDC | 213.15 | 230 |
| NTPC | 333.25 | 350 |
| NYKAA | 167.33 | 170 |
| OBEROIRLTY | 2247.8 | 2200 |
| OFSS | 12247.55 | 12500 |
| OIL | 421.8 | 450 |
| ONGC | 237.1 | 250 |
| PAGEIND | 48856.35 | 48500 |
| PAYTM | 945.25 | 980 |
| PEL | 1093.7 | 1160 |
| PERSISTENT | 6368.7 | 6400 |
| PETRONET | 336.45 | 340 |
| PFC | 453.3 | 480 |
| PIDILITIND | 2976.8 | 3080 |
| PIIND | 3813.75 | 4000 |
| PNB | 100.77 | 105 |
| POLICYBZR | 2092.15 | 2000 |
| POLYCAB | 7178.25 | 7300 |
| POONAWALLA | 318.85 | 340 |
| POWERGRID | 315.8 | 325 |
| PRESTIGE | 1794.5 | 1800 |
| PVRINOX | 1382.1 | 1520 |
| RAMCOCEM | 986.1 | 1010 |
| RBLBANK | 152.79 | 160 |
| RECLTD | 513.25 | 530 |
| RELIANCE | 1205.3 | 1280 |
| SAIL | 116.1 | 125 |
| SBICARD | 687 | 710 |
| SBILIFE | 1400.6 | 1420 |
| SBIN | 812 | 840 |
| SHREECEM | 27063.5 | 27000 |
| SHRIRAMFIN | 2877.25 | 3000 |
| SIEMENS | 6868.9 | 7300 |
| SJVN | 111.54 | 117.5 |
| SONACOMS | 588.45 | 620 |
| SRF | 2277.6 | 2300 |
| SUNPHARMA | 1808.85 | 1800 |
| SUNTV | 696.85 | 730 |
| SUPREMEIND | 4839.8 | 4900 |
| SYNGENE | 844 | 860 |
| TATACHEM | 1028.85 | 1080 |
| TATACOMM | 1710.45 | 1800 |
| TATACONSUM | 889.45 | 930 |
| TATAELXSI | 6921.6 | 7200 |
| TATAMOTORS | 724.05 | 770 |
| TATAPOWER | 401.1 | 420 |
| TATASTEEL | 140.68 | 147.5 |
| TCS | 4170.3 | 4300 |
| TECHM | 1686.05 | 1740 |
| TIINDIA | 3619.1 | 3700 |
| TITAN | 3356.25 | 3400 |
| TORNTPHARM | 3437 | 3400 |
| TRENT | 6831.55 | 6900 |
| TVSMOTOR | 2391.65 | 2500 |
| UBL | 2025.35 | 2000 |
| ULTRACEMCO | 11422.8 | 11500 |
| UNIONBANK | 116.78 | 125 |
| UNITDSPR | 1544.8 | 1540 |
| UPL | 504.5 | 537.2 |
| VBL | 612.55 | 630 |
| VEDL | 477.25 | 490 |
| VOLTAS | 1686.5 | 1740 |
| WIPRO | 305.2 | 302.5 |
| YESBANK | 19.83 | 21 |
| ZOMATO | 282.1 | 285 |
| ZYDUSLIFE | 973.5 | 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.
