NATIONALUM
National Aluminium Co Ltd
Max pain for NATIONALUM
14 Nov 2024 09:31 AM IST
Max Pain for NATIONALUM is 225
Strike 180 has a total call value of 0 versus a total put value of 90,992,812,500 Combined total value = 90,992,812,500
Strike 182.5 has a total call value of 0 versus a total put value of 84,922,500,000 Combined total value = 84,922,500,000
Strike 185 has a total call value of 0 versus a total put value of 78,852,187,500 Combined total value = 78,852,187,500
Strike 187.5 has a total call value of 0 versus a total put value of 72,836,250,000 Combined total value = 72,836,250,000
Strike 190 has a total call value of 0 versus a total put value of 66,820,312,500 Combined total value = 66,820,312,500
Strike 192.5 has a total call value of 0 versus a total put value of 61,182,187,500 Combined total value = 61,182,187,500
Strike 195 has a total call value of 0 versus a total put value of 55,544,062,500 Combined total value = 55,544,062,500
Strike 197.5 has a total call value of 0 versus a total put value of 49,980,000,000 Combined total value = 49,980,000,000
Strike 200 has a total call value of 0 versus a total put value of 44,415,937,500 Combined total value = 44,415,937,500
Strike 202.5 has a total call value of 330,000,000 versus a total put value of 39,673,125,000 Combined total value = 40,003,125,000
Strike 205 has a total call value of 660,000,000 versus a total put value of 34,959,375,000 Combined total value = 35,619,375,000
Strike 207.5 has a total call value of 990,000,000 versus a total put value of 30,707,812,500 Combined total value = 31,697,812,500
Strike 210 has a total call value of 1,320,000,000 versus a total put value of 26,519,062,500 Combined total value = 27,839,062,500
Strike 212.5 has a total call value of 2,010,000,000 versus a total put value of 22,864,687,500 Combined total value = 24,874,687,500
Strike 215 has a total call value of 2,715,000,000 versus a total put value of 19,260,000,000 Combined total value = 21,975,000,000
Strike 217.5 has a total call value of 3,494,062,500 versus a total put value of 15,948,750,000 Combined total value = 19,442,812,500
Strike 220 has a total call value of 4,309,687,500 versus a total put value of 12,727,500,000 Combined total value = 17,037,187,500
Strike 222.5 has a total call value of 5,705,625,000 versus a total put value of 10,405,312,500 Combined total value = 16,110,937,500
Strike 225 has a total call value of 7,177,500,000 versus a total put value of 8,161,875,000 Combined total value = 15,339,375,000
Strike 227.5 has a total call value of 9,057,187,500 versus a total put value of 6,430,312,500 Combined total value = 15,487,500,000
Strike 230 has a total call value of 11,063,437,500 versus a total put value of 4,804,687,500 Combined total value = 15,868,125,000
Strike 232.5 has a total call value of 14,729,062,500 versus a total put value of 3,651,562,500 Combined total value = 18,380,625,000
Strike 235 has a total call value of 18,602,812,500 versus a total put value of 2,672,812,500 Combined total value = 21,275,625,000
Strike 237.5 has a total call value of 23,155,312,500 versus a total put value of 1,882,500,000 Combined total value = 25,037,812,500
Strike 240 has a total call value of 27,866,250,000 versus a total put value of 1,149,375,000 Combined total value = 29,015,625,000
Strike 242.5 has a total call value of 33,687,187,500 versus a total put value of 767,812,500 Combined total value = 34,455,000,000
Strike 245 has a total call value of 39,717,187,500 versus a total put value of 450,000,000 Combined total value = 40,167,187,500
Strike 247.5 has a total call value of 46,710,000,000 versus a total put value of 216,562,500 Combined total value = 46,926,562,500
Strike 250 has a total call value of 53,837,812,500 versus a total put value of 14,062,500 Combined total value = 53,851,875,000
Strike 252.5 has a total call value of 62,340,000,000 versus a total put value of 0 Combined total value = 62,340,000,000
Strike 255 has a total call value of 70,926,562,500 versus a total put value of 0 Combined total value = 70,926,562,500
Strike 257.5 has a total call value of 79,674,375,000 versus a total put value of 0 Combined total value = 79,674,375,000
Strike 260 has a total call value of 88,422,187,500 versus a total put value of 0 Combined total value = 88,422,187,500
Strike 262.5 has a total call value of 97,922,812,500 versus a total put value of 0 Combined total value = 97,922,812,500
Strike 265 has a total call value of 107,431,875,000 versus a total put value of 0 Combined total value = 107,431,875,000
Strike 267.5 has a total call value of 116,940,937,500 versus a total put value of 0 Combined total value = 116,940,937,500
Strike 270 has a total call value of 126,450,000,000 versus a total put value of 0 Combined total value = 126,450,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 430.7 | 440 |
| ABB | 6695.85 | 7100 |
| ABBOTINDIA | 27791.9 | 28500 |
| ABCAPITAL | 189.15 | 200 |
| ABFRL | 292.5 | 270 |
| ACC | 2195.75 | 2300 |
| ADANIENT | 2826.15 | 3000 |
| ADANIPORTS | 1283.45 | 1340 |
| ALKEM | 5587.65 | 5500 |
| AMBUJACEM | 546.25 | 560 |
| APOLLOHOSP | 6851.2 | 7000 |
| APOLLOTYRE | 467.25 | 470 |
| ASHOKLEY | 216.05 | 220 |
| ASIANPAINT | 2481.6 | 2540 |
| ASTRAL | 1723.15 | 1760 |
| ATUL | 7283.15 | 7300 |
| AUBANK | 569.4 | 590 |
| AUROPHARMA | 1266.2 | 1300 |
| AXISBANK | 1147.7 | 1160 |
| BAJAJ-AUTO | 9465 | 9700 |
| BAJAJFINSV | 1659.95 | 1700 |
| BAJFINANCE | 6576 | 6800 |
| BALKRISIND | 2743.25 | 2750 |
| BANDHANBNK | 166.4 | 177.5 |
| BANKBARODA | 246.15 | 255 |
| BATAINDIA | 1329.65 | 1330 |
| BEL | 279.1 | 290 |
| BERGEPAINT | 489.2 | 500 |
| BHARATFORG | 1327.8 | 1380 |
| BHARTIARTL | 1542.7 | 1580 |
| BHEL | 223.6 | 235 |
| BIOCON | 333.9 | 335 |
| BOSCHLTD | 33292.7 | 34000 |
| BPCL | 304.55 | 310 |
| BRITANNIA | 4990 | 5100 |
| BSOFT | 551.95 | 560 |
| CANBK | 99.83 | 103 |
| CANFINHOME | 819.1 | 840 |
| CHAMBLFERT | 461.75 | 480 |
| CHOLAFIN | 1189.2 | 1260 |
| CIPLA | 1492 | 1540 |
| COALINDIA | 406.95 | 424.25 |
| COFORGE | 8143.2 | 8000 |
| COLPAL | 2749.85 | 2850 |
| CONCOR | 784.65 | 820 |
| COROMANDEL | 1668.2 | 1700 |
| CROMPTON | 381.55 | 395 |
| CUB | 172.09 | 175 |
| CUMMINSIND | 3306.5 | 3500 |
| DABUR | 510.15 | 530 |
| DALBHARAT | 1692.65 | 1780 |
| DEEPAKNTR | 2489 | 2600 |
| DIVISLAB | 5731.55 | 5900 |
| DIXON | 14840.9 | 14750 |
| DLF | 757.85 | 780 |
| DRREDDY | 1239.55 | 1270 |
| EICHERMOT | 4910 | 4800 |
| ESCORTS | 3491.5 | 3600 |
| EXIDEIND | 418.25 | 440 |
| FEDERALBNK | 199.69 | 202.5 |
| GAIL | 189 | 200 |
| GLENMARK | 1544.1 | 1600 |
| GMRINFRA | 76.47 | 80 |
| GNFC | 549.9 | 560 |
| GODREJCP | 1184.3 | 1200 |
| GODREJPROP | 2582.45 | 2700 |
| GRANULES | 529.05 | 560 |
| GRASIM | 2502.5 | 2520 |
| GUJGASLTD | 491.65 | 510 |
| HAL | 4005.35 | 4300 |
| HAVELLS | 1609.35 | 1640 |
| HCLTECH | 1890.85 | 1820 |
| HDFCAMC | 4311 | 4350 |
| HDFCBANK | 1697.3 | 1720 |
| HDFCLIFE | 687.05 | 700 |
| HEROMOTOCO | 4497.75 | 4800 |
| HINDALCO | 631.5 | 650 |
| HINDCOPPER | 261.95 | 290 |
| HINDPETRO | 369.95 | 380 |
| HINDUNILVR | 2438 | 2500 |
| ICICIBANK | 1256.7 | 1260 |
| ICICIGI | 1868.05 | 1900 |
| ICICIPRULI | 694.9 | 710 |
| IDEA | 7.51 | 8 |
| IDFCFIRSTB | 64.02 | 65 |
| IEX | 162.73 | 170 |
| IGL | 412.85 | 420 |
| INDHOTEL | 721.05 | 720 |
| INDIAMART | 2317.6 | 2400 |
| INDIGO | 3873.4 | 4000 |
| INDUSINDBK | 1038.85 | 1080 |
| INDUSTOWER | 318 | 340 |
| INFY | 1871.6 | 1820 |
| IOC | 135.73 | 142.5 |
| IPCALAB | 1513.25 | 1520 |
| IRCTC | 797 | 830 |
| ITC | 470.5 | 480 |
| JINDALSTEL | 874.85 | 910 |
| JKCEMENT | 3960.1 | 4150 |
| JSWSTEEL | 934.75 | 960 |
| JUBLFOOD | 619.65 | 620 |
| KOTAKBANK | 1696.2 | 1740 |
| LALPATHLAB | 2933.35 | 3100 |
| LAURUSLABS | 479.85 | 490 |
| LICHSGFIN | 612.95 | 630 |
| LT | 3527.15 | 3600 |
| LTF | 136.72 | 140 |
| LTIM | 5932.7 | 5950 |
| LTTS | 5184.35 | 5200 |
| LUPIN | 2027.25 | 2100 |
| M&M | 2763.9 | 2850 |
| M&MFIN | 258.85 | 270 |
| MANAPPURAM | 159 | 157.5 |
| MARICO | 595.1 | 610 |
| MARUTI | 10969.35 | 11100 |
| MCX | 6056.6 | 6200 |
| METROPOLIS | 2040.05 | 2100 |
| MFSL | 1212.45 | 1240 |
| MGL | 1325.45 | 1400 |
| MOTHERSON | 163.52 | 170 |
| MPHASIS | 2874.9 | 2900 |
| MRF | 121145.6 | 120000 |
| MUTHOOTFIN | 1767.35 | 1820 |
| NATIONALUM | 223.5 | 225 |
| NAUKRI | 7624.5 | 7700 |
| NAVINFLUOR | 3280.55 | 3350 |
| NESTLEIND | 2225.75 | 2300 |
| NMDC | 225.8 | 230 |
| NTPC | 383.3 | 390 |
| OBEROIRLTY | 1956.9 | 2000 |
| OFSS | 11963.4 | 11500 |
| ONGC | 251.95 | 260 |
| PAGEIND | 45920 | 46000 |
| PEL | 1024.1 | 1040 |
| PERSISTENT | 5753.7 | 5600 |
| PETRONET | 317.05 | 328 |
| PFC | 464.8 | 460 |
| PIDILITIND | 2977.95 | 3100 |
| PIIND | 4081.1 | 4300 |
| PNB | 101.72 | 105 |
| POLYCAB | 6350 | 6500 |
| POWERGRID | 312.95 | 320 |
| PVRINOX | 1461.1 | 1500 |
| RAMCOCEM | 891.35 | 880 |
| RBLBANK | 153.54 | 160 |
| RECLTD | 510.65 | 520 |
| RELIANCE | 1260.4 | 1300 |
| SAIL | 112.83 | 115 |
| SBICARD | 685.85 | 690 |
| SBILIFE | 1557.05 | 1580 |
| SBIN | 812.65 | 830 |
| SHREECEM | 23758.1 | 24500 |
| SHRIRAMFIN | 2810.1 | 3000 |
| SIEMENS | 6632.3 | 6900 |
| SRF | 2200.25 | 2280 |
| SUNPHARMA | 1776.55 | 1820 |
| SUNTV | 724.7 | 730 |
| SYNGENE | 859.9 | 880 |
| TATACHEM | 1045.45 | 1100 |
| TATACOMM | 1757.15 | 1780 |
| TATACONSUM | 951.6 | 980 |
| TATAMOTORS | 785 | 810 |
| TATAPOWER | 405.3 | 425 |
| TATASTEEL | 139.65 | 145 |
| TCS | 4146.85 | 4150 |
| TECHM | 1686.05 | 1660 |
| TITAN | 3176.2 | 3200 |
| TORNTPHARM | 3116.35 | 3200 |
| TRENT | 6447.4 | 6600 |
| TVSMOTOR | 2370.1 | 2400 |
| UBL | 1867.15 | 1900 |
| ULTRACEMCO | 10614.5 | 11000 |
| UNITDSPR | 1435.9 | 1460 |
| UPL | 511.4 | 530 |
| VEDL | 433.55 | 460 |
| VOLTAS | 1711.55 | 1700 |
| WIPRO | 571.5 | 560 |
| ZYDUSLIFE | 972.4 | 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.
