NATIONALUM
National Aluminium Co Ltd
Max pain for NATIONALUM
25 Apr 2025 04:10 PM IST
Max Pain for NATIONALUM is 170
Strike 110 has a total call value of 0 versus a total put value of 91,856,250,000 Combined total value = 91,856,250,000
Strike 115 has a total call value of 0 versus a total put value of 83,870,625,000 Combined total value = 83,870,625,000
Strike 120 has a total call value of 0 versus a total put value of 75,885,000,000 Combined total value = 75,885,000,000
Strike 125 has a total call value of 0 versus a total put value of 67,931,250,000 Combined total value = 67,931,250,000
Strike 130 has a total call value of 0 versus a total put value of 59,977,500,000 Combined total value = 59,977,500,000
Strike 135 has a total call value of 3,750,000 versus a total put value of 52,231,875,000 Combined total value = 52,235,625,000
Strike 140 has a total call value of 7,500,000 versus a total put value of 44,596,875,000 Combined total value = 44,604,375,000
Strike 145 has a total call value of 26,250,000 versus a total put value of 37,432,500,000 Combined total value = 37,458,750,000
Strike 150 has a total call value of 99,375,000 versus a total put value of 30,470,625,000 Combined total value = 30,570,000,000
Strike 155 has a total call value of 519,375,000 versus a total put value of 24,545,625,000 Combined total value = 25,065,000,000
Strike 160 has a total call value of 1,046,250,000 versus a total put value of 19,096,875,000 Combined total value = 20,143,125,000
Strike 165 has a total call value of 2,930,625,000 versus a total put value of 14,705,625,000 Combined total value = 17,636,250,000
Strike 170 has a total call value of 5,988,750,000 versus a total put value of 10,989,375,000 Combined total value = 16,978,125,000
Strike 175 has a total call value of 10,715,625,000 versus a total put value of 8,330,625,000 Combined total value = 19,046,250,000
Strike 180 has a total call value of 15,791,250,000 versus a total put value of 5,831,250,000 Combined total value = 21,622,500,000
Strike 185 has a total call value of 22,402,500,000 versus a total put value of 4,451,250,000 Combined total value = 26,853,750,000
Strike 190 has a total call value of 29,368,125,000 versus a total put value of 3,138,750,000 Combined total value = 32,506,875,000
Strike 195 has a total call value of 37,466,250,000 versus a total put value of 2,036,250,000 Combined total value = 39,502,500,000
Strike 200 has a total call value of 45,890,625,000 versus a total put value of 933,750,000 Combined total value = 46,824,375,000
Strike 205 has a total call value of 55,102,500,000 versus a total put value of 466,875,000 Combined total value = 55,569,375,000
Strike 210 has a total call value of 64,314,375,000 versus a total put value of 0 Combined total value = 64,314,375,000
Strike 215 has a total call value of 73,897,500,000 versus a total put value of 0 Combined total value = 73,897,500,000
Strike 220 has a total call value of 83,480,625,000 versus a total put value of 0 Combined total value = 83,480,625,000
Strike 225 has a total call value of 93,185,625,000 versus a total put value of 0 Combined total value = 93,185,625,000
Strike 230 has a total call value of 102,890,625,000 versus a total put value of 0 Combined total value = 102,890,625,000
Strike 235 has a total call value of 112,595,625,000 versus a total put value of 0 Combined total value = 112,595,625,000
Strike 240 has a total call value of 122,300,625,000 versus a total put value of 0 Combined total value = 122,300,625,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 428.95 | 435 |
| ABB | 5499 | 5600 |
| ABCAPITAL | 195.94 | 205 |
| ABFRL | 264.15 | 270 |
| ACC | 1938 | 2040 |
| ADANIENSOL | 914.35 | 920 |
| ADANIENT | 2354.3 | 2520 |
| ADANIGREEN | 912.55 | 960 |
| ADANIPORTS | 1193 | 1240 |
| ALKEM | 5033.5 | 5100 |
| AMBUJACEM | 548.7 | 580 |
| ANGELONE | 2328.4 | 2400 |
| APLAPOLLO | 1616.9 | 1600 |
| APOLLOHOSP | 6953 | 7100 |
| APOLLOTYRE | 461.4 | 465 |
| ASHOKLEY | 225.04 | 225 |
| ASIANPAINT | 2431.6 | 2460 |
| ASTRAL | 1343.6 | 1380 |
| ATGL | 600 | 630 |
| AUBANK | 675.15 | 650 |
| AUROPHARMA | 1220.1 | 1220 |
| AXISBANK | 1166.3 | 1190 |
| BAJAJ-AUTO | 8034 | 8300 |
| BAJAJFINSV | 2045.5 | 2060 |
| BAJFINANCE | 9112 | 9200 |
| BALKRISIND | 2518.2 | 2560 |
| BANDHANBNK | 165.45 | 170 |
| BANKBARODA | 246.79 | 250 |
| BANKINDIA | 115.29 | 117 |
| BEL | 297.6 | 300 |
| BHARATFORG | 1088.5 | 1100 |
| BHARTIARTL | 1817.2 | 1840 |
| BHEL | 222.37 | 230 |
| BIOCON | 311.85 | 330 |
| BOSCHLTD | 27995 | 28000 |
| BPCL | 295.7 | 300 |
| BRITANNIA | 5420.5 | 5450 |
| BSE | 6303.5 | 6200 |
| BSOFT | 386.05 | 400 |
| CAMS | 3938.1 | 4000 |
| CANBK | 96.53 | 100 |
| CDSL | 1330.9 | 1300 |
| CESC | 153.96 | 160 |
| CGPOWER | 633.1 | 650 |
| CHAMBLFERT | 676.85 | 680 |
| CHOLAFIN | 1543.5 | 1540 |
| CIPLA | 1525.9 | 1540 |
| COALINDIA | 393.15 | 405 |
| COFORGE | 7390 | 7200 |
| COLPAL | 2671.4 | 2640 |
| CONCOR | 678.75 | 710 |
| CROMPTON | 334.85 | 340 |
| CUMMINSIND | 2861.1 | 2950 |
| CYIENT | 1170.8 | 1180 |
| DABUR | 484.6 | 490 |
| DALBHARAT | 1965.9 | 1920 |
| DEEPAKNTR | 1961.3 | 2000 |
| DELHIVERY | 304.9 | 300 |
| DIVISLAB | 6012.5 | 6100 |
| DIXON | 16219 | 16000 |
| DLF | 653.55 | 680 |
| DMART | 4375.2 | 4400 |
| DRREDDY | 1174.8 | 1180 |
| EICHERMOT | 5575.5 | 5700 |
| ESCORTS | 3333.7 | 3400 |
| ETERNAL | 228.81 | 230 |
| EXIDEIND | 370.5 | 385 |
| FEDERALBNK | 196.49 | 200 |
| GAIL | 186.74 | 195 |
| GLENMARK | 1360.7 | 1400 |
| GMRAIRPORT | 85.5 | 87 |
| GODREJCP | 1266.5 | 1240 |
| GODREJPROP | 2085.3 | 2100 |
| GRANULES | 452.55 | 480 |
| GRASIM | 2734.8 | 2700 |
| HAL | 4196.4 | 4300 |
| HAVELLS | 1599.8 | 1600 |
| HCLTECH | 1578.2 | 1560 |
| HDFCAMC | 4382.5 | 4400 |
| HDFCBANK | 1911.2 | 1920 |
| HDFCLIFE | 704.55 | 710 |
| HEROMOTOCO | 3895.5 | 3900 |
| HFCL | 81.15 | 85 |
| HINDALCO | 622.1 | 630 |
| HINDCOPPER | 213.48 | 230 |
| HINDPETRO | 380.7 | 390 |
| HINDUNILVR | 2332.2 | 2360 |
| HINDZINC | 445 | 450 |
| HUDCO | 220.24 | 225 |
| ICICIBANK | 1404.8 | 1410 |
| ICICIGI | 1854.1 | 1860 |
| ICICIPRULI | 595.8 | 600 |
| IDEA | 7.47 | 8 |
| IDFCFIRSTB | 66.08 | 66 |
| IEX | 190.5 | 192.5 |
| IGL | 178.2 | 180 |
| IIFL | 366.2 | 370 |
| INDHOTEL | 786.35 | 800 |
| INDIANB | 569.2 | 580 |
| INDIGO | 5313.5 | 5300 |
| INDUSINDBK | 822.35 | 820 |
| INDUSTOWER | 397.35 | 400 |
| INFY | 1480.2 | 1480 |
| INOXWIND | 172.14 | 170 |
| IOC | 134.65 | 139 |
| IRB | 46.91 | 48 |
| IRCTC | 751.85 | 780 |
| IREDA | 167.55 | 160 |
| IRFC | 128.8 | 130 |
| ITC | 427.8 | 430 |
| JINDALSTEL | 891.8 | 900 |
| JIOFIN | 253.05 | 255 |
| JSL | 559.4 | 580 |
| JSWENERGY | 482.7 | 500 |
| JSWSTEEL | 1028.4 | 1040 |
| JUBLFOOD | 694.3 | 700 |
| KALYANKJIL | 501.25 | 520 |
| KEI | 2967.1 | 3000 |
| KOTAKBANK | 2204.4 | 2200 |
| KPITTECH | 1221 | 1200 |
| LAURUSLABS | 625.65 | 640 |
| LICHSGFIN | 592.2 | 600 |
| LICI | 791.2 | 810 |
| LODHA | 1305.1 | 1300 |
| LT | 3272.1 | 3320 |
| LTF | 172.99 | 167.5 |
| LTIM | 4498.3 | 4500 |
| LUPIN | 2019.6 | 2060 |
| M&M | 2864.2 | 2900 |
| M&MFIN | 264.6 | 270 |
| MANAPPURAM | 226.93 | 230 |
| MARICO | 710.4 | 710 |
| MARUTI | 11698 | 11800 |
| MAXHEALTH | 1067.4 | 1100 |
| MCX | 6052.5 | 5800 |
| MFSL | 1266.4 | 1240 |
| MGL | 1279.6 | 1300 |
| MOTHERSON | 133.71 | 137.5 |
| MPHASIS | 2538.6 | 2500 |
| MRF | 128655 | 128000 |
| MUTHOOTFIN | 2093.2 | 2160 |
| NATIONALUM | 156.5 | 170 |
| NAUKRI | 7038.5 | 7100 |
| NBCC | 95.49 | 100 |
| NCC | 211.77 | 220 |
| NESTLEIND | 2413.5 | 2420 |
| NHPC | 86.07 | 88 |
| NMDC | 64.95 | 69 |
| NTPC | 356.45 | 365 |
| NYKAA | 191.57 | 190 |
| OBEROIRLTY | 1606.2 | 1640 |
| OFSS | 8604 | 8600 |
| OIL | 399.35 | 400 |
| ONGC | 246.33 | 250 |
| PAGEIND | 44605 | 45000 |
| PATANJALI | 1967 | 2000 |
| PAYTM | 875.65 | 880 |
| PEL | 981.2 | 1000 |
| PERSISTENT | 5273.5 | 5200 |
| PETRONET | 309.4 | 315 |
| PFC | 415.05 | 440 |
| PHOENIXLTD | 1629 | 1700 |
| PIDILITIND | 3011.2 | 3000 |
| PIIND | 3583.9 | 3650 |
| PNB | 99.29 | 103 |
| PNBHOUSING | 971.7 | 1000 |
| POLICYBZR | 1594.2 | 1640 |
| POLYCAB | 5507 | 5500 |
| POONAWALLA | 380.4 | 390 |
| POWERGRID | 306.5 | 315 |
| PRESTIGE | 1261.8 | 1300 |
| RAMCOCEM | 968.65 | 1000 |
| RBLBANK | 188.09 | 190 |
| RECLTD | 422.2 | 440 |
| RELIANCE | 1300.4 | 1300 |
| SAIL | 114.81 | 120 |
| SBICARD | 867.55 | 880 |
| SBILIFE | 1695.1 | 1680 |
| SBIN | 798.65 | 810 |
| SHREECEM | 30540 | 31000 |
| SHRIRAMFIN | 655.2 | 680 |
| SIEMENS | 2833.5 | 2900 |
| SJVN | 96.64 | 100 |
| SOLARINDS | 12757 | 13000 |
| SONACOMS | 453.65 | 460 |
| SRF | 2968.1 | 3000 |
| SUNPHARMA | 1787.4 | 1760 |
| SUPREMEIND | 3477.8 | 3500 |
| SYNGENE | 630.1 | 660 |
| TATACHEM | 826.45 | 880 |
| TATACOMM | 1569.6 | 1600 |
| TATACONSUM | 1155.7 | 1130 |
| TATAELXSI | 5612.5 | 5500 |
| TATAMOTORS | 655.25 | 670 |
| TATAPOWER | 387.6 | 400 |
| TATASTEEL | 138.85 | 142.5 |
| TATATECH | 693.2 | 680 |
| TCS | 3448 | 3400 |
| TECHM | 1462 | 1420 |
| TIINDIA | 2573.9 | 2600 |
| TITAGARH | 778.55 | 800 |
| TITAN | 3365.2 | 3360 |
| TORNTPHARM | 3238.9 | 3300 |
| TORNTPOWER | 1538.6 | 1600 |
| TRENT | 5145 | 5300 |
| TVSMOTOR | 2737.9 | 2700 |
| ULTRACEMCO | 12237 | 12000 |
| UNIONBANK | 124.94 | 130 |
| UNITDSPR | 1547.4 | 1520 |
| UPL | 661.85 | 670 |
| VBL | 521.95 | 530 |
| VEDL | 413.3 | 430 |
| VOLTAS | 1229.4 | 1300 |
| WIPRO | 240.9 | 242.5 |
| YESBANK | 17.77 | 18 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 859.65 | 870 |
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.
