NATIONALUM
National Aluminium Co Ltd
Max pain for NATIONALUM
12 Nov 2024 04:10 PM IST
Max Pain for NATIONALUM is 227.5
Strike 170 has a total call value of 0 versus a total put value of 105,525,000,000 Combined total value = 105,525,000,000
Strike 172.5 has a total call value of 0 versus a total put value of 100,005,000,000 Combined total value = 100,005,000,000
Strike 175 has a total call value of 0 versus a total put value of 94,485,000,000 Combined total value = 94,485,000,000
Strike 177.5 has a total call value of 0 versus a total put value of 88,965,000,000 Combined total value = 88,965,000,000
Strike 180 has a total call value of 0 versus a total put value of 83,445,000,000 Combined total value = 83,445,000,000
Strike 182.5 has a total call value of 0 versus a total put value of 78,122,812,500 Combined total value = 78,122,812,500
Strike 185 has a total call value of 0 versus a total put value of 72,800,625,000 Combined total value = 72,800,625,000
Strike 187.5 has a total call value of 0 versus a total put value of 67,508,437,500 Combined total value = 67,508,437,500
Strike 190 has a total call value of 0 versus a total put value of 62,216,250,000 Combined total value = 62,216,250,000
Strike 192.5 has a total call value of 3,750,000 versus a total put value of 57,241,875,000 Combined total value = 57,245,625,000
Strike 195 has a total call value of 7,500,000 versus a total put value of 52,267,500,000 Combined total value = 52,275,000,000
Strike 197.5 has a total call value of 11,250,000 versus a total put value of 47,343,750,000 Combined total value = 47,355,000,000
Strike 200 has a total call value of 15,000,000 versus a total put value of 42,443,437,500 Combined total value = 42,458,437,500
Strike 202.5 has a total call value of 356,250,000 versus a total put value of 38,296,875,000 Combined total value = 38,653,125,000
Strike 205 has a total call value of 697,500,000 versus a total put value of 34,163,437,500 Combined total value = 34,860,937,500
Strike 207.5 has a total call value of 1,038,750,000 versus a total put value of 30,314,062,500 Combined total value = 31,352,812,500
Strike 210 has a total call value of 1,380,000,000 versus a total put value of 26,493,750,000 Combined total value = 27,873,750,000
Strike 212.5 has a total call value of 2,301,562,500 versus a total put value of 23,133,750,000 Combined total value = 25,435,312,500
Strike 215 has a total call value of 3,225,937,500 versus a total put value of 19,823,437,500 Combined total value = 23,049,375,000
Strike 217.5 has a total call value of 4,211,250,000 versus a total put value of 16,772,812,500 Combined total value = 20,984,062,500
Strike 220 has a total call value of 5,210,625,000 versus a total put value of 13,778,437,500 Combined total value = 18,989,062,500
Strike 222.5 has a total call value of 6,786,562,500 versus a total put value of 11,466,562,500 Combined total value = 18,253,125,000
Strike 225 has a total call value of 8,409,375,000 versus a total put value of 9,215,625,000 Combined total value = 17,625,000,000
Strike 227.5 has a total call value of 10,210,312,500 versus a total put value of 7,300,312,500 Combined total value = 17,510,625,000
Strike 230 has a total call value of 12,125,625,000 versus a total put value of 5,490,000,000 Combined total value = 17,615,625,000
Strike 232.5 has a total call value of 14,812,500,000 versus a total put value of 4,155,937,500 Combined total value = 18,968,437,500
Strike 235 has a total call value of 17,656,875,000 versus a total put value of 3,016,875,000 Combined total value = 20,673,750,000
Strike 237.5 has a total call value of 20,990,625,000 versus a total put value of 2,114,062,500 Combined total value = 23,104,687,500
Strike 240 has a total call value of 24,428,437,500 versus a total put value of 1,273,125,000 Combined total value = 25,701,562,500
Strike 242.5 has a total call value of 28,883,437,500 versus a total put value of 840,000,000 Combined total value = 29,723,437,500
Strike 245 has a total call value of 33,483,750,000 versus a total put value of 493,125,000 Combined total value = 33,976,875,000
Strike 247.5 has a total call value of 38,728,125,000 versus a total put value of 258,750,000 Combined total value = 38,986,875,000
Strike 250 has a total call value of 44,067,187,500 versus a total put value of 47,812,500 Combined total value = 44,115,000,000
Strike 252.5 has a total call value of 50,619,375,000 versus a total put value of 28,125,000 Combined total value = 50,647,500,000
Strike 255 has a total call value of 57,246,562,500 versus a total put value of 18,750,000 Combined total value = 57,265,312,500
Strike 257.5 has a total call value of 64,082,812,500 versus a total put value of 9,375,000 Combined total value = 64,092,187,500
Strike 260 has a total call value of 70,952,812,500 versus a total put value of 0 Combined total value = 70,952,812,500
Strike 262.5 has a total call value of 78,660,000,000 versus a total put value of 0 Combined total value = 78,660,000,000
Strike 265 has a total call value of 86,385,937,500 versus a total put value of 0 Combined total value = 86,385,937,500
Strike 267.5 has a total call value of 94,205,625,000 versus a total put value of 0 Combined total value = 94,205,625,000
Strike 270 has a total call value of 102,025,312,500 versus a total put value of 0 Combined total value = 102,025,312,500
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 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.
