NATIONALUM
National Aluminium Co Ltd
Max pain for NATIONALUM
17 Feb 2025 04:10 PM IST
Max Pain for NATIONALUM is 186
Strike 151 has a total call value of 0 versus a total put value of 57,333,000,000 Combined total value = 57,333,000,000
Strike 155 has a total call value of 0 versus a total put value of 50,763,000,000 Combined total value = 50,763,000,000
Strike 156 has a total call value of 0 versus a total put value of 49,120,500,000 Combined total value = 49,120,500,000
Strike 160 has a total call value of 27,000,000 versus a total put value of 42,880,500,000 Combined total value = 42,907,500,000
Strike 161 has a total call value of 33,750,000 versus a total put value of 41,321,250,000 Combined total value = 41,355,000,000
Strike 165 has a total call value of 86,250,000 versus a total put value of 35,261,250,000 Combined total value = 35,347,500,000
Strike 166 has a total call value of 99,375,000 versus a total put value of 33,749,250,000 Combined total value = 33,848,625,000
Strike 170 has a total call value of 213,375,000 versus a total put value of 28,352,250,000 Combined total value = 28,565,625,000
Strike 171 has a total call value of 241,875,000 versus a total put value of 27,010,125,000 Combined total value = 27,252,000,000
Strike 175 has a total call value of 424,875,000 versus a total put value of 22,012,125,000 Combined total value = 22,437,000,000
Strike 176 has a total call value of 473,250,000 versus a total put value of 20,783,625,000 Combined total value = 21,256,875,000
Strike 180 has a total call value of 935,250,000 versus a total put value of 16,388,625,000 Combined total value = 17,323,875,000
Strike 181 has a total call value of 1,084,875,000 versus a total put value of 15,312,375,000 Combined total value = 16,397,250,000
Strike 185 has a total call value of 2,365,875,000 versus a total put value of 11,692,875,000 Combined total value = 14,058,750,000
Strike 186 has a total call value of 2,724,375,000 versus a total put value of 10,797,375,000 Combined total value = 13,521,750,000
Strike 190 has a total call value of 5,899,875,000 versus a total put value of 7,987,875,000 Combined total value = 13,887,750,000
Strike 191 has a total call value of 6,726,750,000 versus a total put value of 7,287,750,000 Combined total value = 14,014,500,000
Strike 195 has a total call value of 11,228,250,000 versus a total put value of 5,144,250,000 Combined total value = 16,372,500,000
Strike 196 has a total call value of 12,378,750,000 versus a total put value of 4,612,500,000 Combined total value = 16,991,250,000
Strike 200 has a total call value of 18,822,750,000 versus a total put value of 3,381,000,000 Combined total value = 22,203,750,000
Strike 201 has a total call value of 20,446,125,000 versus a total put value of 3,073,125,000 Combined total value = 23,519,250,000
Strike 205 has a total call value of 28,001,625,000 versus a total put value of 2,071,125,000 Combined total value = 30,072,750,000
Strike 206 has a total call value of 29,891,625,000 versus a total put value of 1,820,625,000 Combined total value = 31,712,250,000
Strike 210 has a total call value of 38,639,625,000 versus a total put value of 1,121,625,000 Combined total value = 39,761,250,000
Strike 211 has a total call value of 40,826,625,000 versus a total put value of 946,875,000 Combined total value = 41,773,500,000
Strike 215 has a total call value of 50,152,125,000 versus a total put value of 445,875,000 Combined total value = 50,598,000,000
Strike 216 has a total call value of 52,483,500,000 versus a total put value of 320,625,000 Combined total value = 52,804,125,000
Strike 220 has a total call value of 63,399,000,000 versus a total put value of 244,125,000 Combined total value = 63,643,125,000
Strike 221 has a total call value of 66,127,875,000 versus a total put value of 225,000,000 Combined total value = 66,352,875,000
Strike 225 has a total call value of 77,398,875,000 versus a total put value of 189,000,000 Combined total value = 77,587,875,000
Strike 226 has a total call value of 80,216,625,000 versus a total put value of 180,000,000 Combined total value = 80,396,625,000
Strike 230 has a total call value of 91,966,125,000 versus a total put value of 144,000,000 Combined total value = 92,110,125,000
Strike 231 has a total call value of 94,903,500,000 versus a total put value of 135,000,000 Combined total value = 95,038,500,000
Strike 235 has a total call value of 106,776,000,000 versus a total put value of 99,000,000 Combined total value = 106,875,000,000
Strike 236 has a total call value of 109,744,125,000 versus a total put value of 90,000,000 Combined total value = 109,834,125,000
Strike 240 has a total call value of 121,912,125,000 versus a total put value of 54,000,000 Combined total value = 121,966,125,000
Strike 241 has a total call value of 124,954,125,000 versus a total put value of 45,000,000 Combined total value = 124,999,125,000
Strike 245 has a total call value of 137,122,125,000 versus a total put value of 9,000,000 Combined total value = 137,131,125,000
Strike 246 has a total call value of 140,164,125,000 versus a total put value of 0 Combined total value = 140,164,125,000
Strike 250 has a total call value of 152,528,625,000 versus a total put value of 0 Combined total value = 152,528,625,000
Strike 251 has a total call value of 155,619,750,000 versus a total put value of 0 Combined total value = 155,619,750,000
Strike 255 has a total call value of 167,984,250,000 versus a total put value of 0 Combined total value = 167,984,250,000
Strike 256 has a total call value of 171,075,375,000 versus a total put value of 0 Combined total value = 171,075,375,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 418.3 | 440 |
| ABB | 5241.9 | 5400 |
| ABBOTINDIA | 28569.5 | 28000 |
| ABCAPITAL | 153.97 | 170 |
| ABFRL | 255.55 | 265 |
| ACC | 1911.5 | 2040 |
| ADANIENSOL | 702 | 740 |
| ADANIENT | 2223.7 | 2340 |
| ADANIGREEN | 890.35 | 900 |
| ADANIPORTS | 1082.9 | 1100 |
| ALKEM | 4794.3 | 4800 |
| AMBUJACEM | 488.3 | 505 |
| ANGELONE | 2211.6 | 2300 |
| APLAPOLLO | 1333.75 | 1440 |
| APOLLOHOSP | 6300.2 | 6400 |
| APOLLOTYRE | 416.3 | 420 |
| ASHOKLEY | 223.61 | 217.5 |
| ASIANPAINT | 2250.85 | 2280 |
| ASTRAL | 1384.5 | 1440 |
| ATGL | 574.45 | 600 |
| ATUL | 5402.85 | 5600 |
| AUBANK | 522.05 | 550 |
| AUROPHARMA | 1169.6 | 1180 |
| AXISBANK | 992.95 | 1000 |
| BAJAJ-AUTO | 8537.15 | 8800 |
| BAJAJFINSV | 1894.85 | 1820 |
| BAJFINANCE | 8426.6 | 8200 |
| BALKRISIND | 2670.55 | 2700 |
| BANDHANBNK | 132.82 | 150 |
| BANKBARODA | 206.96 | 220 |
| BANKINDIA | 99.03 | 100 |
| BATAINDIA | 1296.3 | 1340 |
| BEL | 248.5 | 265 |
| BERGEPAINT | 483.7 | 480 |
| BHARATFORG | 1082.65 | 1100 |
| BHARTIARTL | 1675.55 | 1680 |
| BHEL | 193.47 | 200 |
| BIOCON | 347.55 | 360 |
| BOSCHLTD | 26911.25 | 29000 |
| BPCL | 252.3 | 260 |
| BRITANNIA | 4963.7 | 4950 |
| BSE | 5208.7 | 5300 |
| BSOFT | 477.5 | 500 |
| CAMS | 3381.8 | 3500 |
| CANBK | 85.09 | 91 |
| CANFINHOME | 608.85 | 640 |
| CDSL | 1206.95 | 1240 |
| CESC | 125.92 | 130 |
| CGPOWER | 583 | 590 |
| CHAMBLFERT | 542.8 | 530 |
| CHOLAFIN | 1356.95 | 1340 |
| CIPLA | 1474.65 | 1460 |
| COALINDIA | 360.1 | 375 |
| COFORGE | 7683.95 | 8100 |
| COLPAL | 2462.4 | 2560 |
| CONCOR | 703.35 | 740 |
| COROMANDEL | 1707.55 | 1800 |
| CROMPTON | 332.6 | 345 |
| CUB | 160.85 | 165 |
| CUMMINSIND | 2721.45 | 2800 |
| CYIENT | 1439.3 | 1420 |
| DABUR | 520.55 | 530 |
| DALBHARAT | 1808.15 | 1820 |
| DEEPAKNTR | 1898.5 | 2000 |
| DELHIVERY | 267.35 | 280 |
| DIVISLAB | 5923.75 | 5950 |
| DIXON | 14199.5 | 14500 |
| DLF | 674.75 | 700 |
| DMART | 3621.5 | 3750 |
| DRREDDY | 1198.95 | 1200 |
| EICHERMOT | 4745.2 | 4950 |
| ESCORTS | 2972.15 | 3150 |
| EXIDEIND | 361.8 | 375 |
| FEDERALBNK | 181.54 | 185 |
| GAIL | 160.17 | 166 |
| GLENMARK | 1373.8 | 1380 |
| GMRAIRPORT | 70.26 | 73 |
| GMRINFRA | 0 | 76 |
| GNFC | 557.1 | 560 |
| GODREJCP | 1039.25 | 1070 |
| GODREJPROP | 1974.05 | 2100 |
| GRANULES | 522.25 | 540 |
| GRASIM | 2463.85 | 2500 |
| GUJGASLTD | 391.45 | 415 |
| HAL | 3475.7 | 3650 |
| HAVELLS | 1532.55 | 1560 |
| HCLTECH | 1709.9 | 1720 |
| HDFCAMC | 3730.55 | 3800 |
| HDFCBANK | 1717.35 | 1700 |
| HDFCLIFE | 623.25 | 630 |
| HEROMOTOCO | 3876.45 | 4050 |
| HFCL | 87.03 | 95 |
| HINDALCO | 610.85 | 600 |
| HINDCOPPER | 215.33 | 235 |
| HINDPETRO | 318.1 | 330 |
| HINDUNILVR | 2329.4 | 2380 |
| HUDCO | 183.21 | 195 |
| ICICIBANK | 1251.15 | 1250 |
| ICICIGI | 1725.05 | 1800 |
| ICICIPRULI | 575.2 | 600 |
| IDEA | 8.27 | 9 |
| IDFCFIRSTB | 61.5 | 62 |
| IEX | 167.21 | 172.5 |
| IGL | 190.25 | 195 |
| INDHOTEL | 721.65 | 750 |
| INDIAMART | 2102.4 | 2120 |
| INDIANB | 517.55 | 530 |
| INDIGO | 4303 | 4300 |
| INDUSINDBK | 1048.25 | 1040 |
| INDUSTOWER | 339.3 | 355 |
| INFY | 1842.3 | 1880 |
| IOC | 118.45 | 125 |
| IPCALAB | 1476.75 | 1480 |
| IRB | 47.7 | 49 |
| IRCTC | 725.45 | 760 |
| IRFC | 121.78 | 130 |
| ITC | 408.6 | 420 |
| JINDALSTEL | 837.65 | 840 |
| JIOFIN | 222.45 | 235 |
| JKCEMENT | 4637.9 | 4800 |
| JSL | 590.3 | 610 |
| JSWENERGY | 431.5 | 460 |
| JSWSTEEL | 973.55 | 960 |
| JUBLFOOD | 681.65 | 680 |
| KALYANKJIL | 507.05 | 500 |
| KEI | 3447.25 | 3500 |
| KOTAKBANK | 1945.3 | 1920 |
| KPITTECH | 1310.4 | 1400 |
| LALPATHLAB | 2629.5 | 2800 |
| LAURUSLABS | 555.5 | 580 |
| LICHSGFIN | 538.5 | 570 |
| LICI | 765.15 | 800 |
| LODHA | 1167.8 | 1200 |
| LT | 3221.85 | 3350 |
| LTF | 136.04 | 145 |
| LTIM | 5472.6 | 5700 |
| LTTS | 4816.9 | 5100 |
| LUPIN | 2026.95 | 2040 |
| M&M | 2831.95 | 2950 |
| M&MFIN | 276.85 | 280 |
| MANAPPURAM | 193.29 | 195 |
| MARICO | 624.75 | 640 |
| MARUTI | 12762.9 | 12700 |
| MAXHEALTH | 1014.65 | 1020 |
| MCX | 5550.5 | 5700 |
| METROPOLIS | 1680.35 | 1740 |
| MFSL | 1065.65 | 1100 |
| MGL | 1277.4 | 1320 |
| MOTHERSON | 124.79 | 130 |
| MPHASIS | 2591.35 | 2700 |
| MRF | 109984 | 110000 |
| MUTHOOTFIN | 2243.9 | 2260 |
| NATIONALUM | 180.74 | 186 |
| NAUKRI | 7338.9 | 7700 |
| NAVINFLUOR | 4108.1 | 4100 |
| NBCC | 82.02 | 85 |
| NCC | 190.8 | 200 |
| NESTLEIND | 2216.5 | 2220 |
| NHPC | 73.21 | 74 |
| NMDC | 62.56 | 65 |
| NTPC | 302.35 | 310 |
| NYKAA | 173.49 | 170 |
| OBEROIRLTY | 1590.25 | 1620 |
| OFSS | 8797.15 | 9000 |
| OIL | 400.55 | 410 |
| ONGC | 233.65 | 240 |
| PAGEIND | 40921.4 | 43000 |
| PAYTM | 733 | 740 |
| PEL | 926.05 | 1000 |
| PERSISTENT | 5531.3 | 5800 |
| PETRONET | 284.9 | 295 |
| PFC | 372.35 | 400 |
| PHOENIXLTD | 1545.05 | 1600 |
| PIDILITIND | 2781.7 | 2860 |
| PIIND | 3118.6 | 3300 |
| PNB | 93.18 | 97 |
| POLICYBZR | 1494.35 | 1600 |
| POLYCAB | 5414.2 | 5600 |
| POONAWALLA | 285.3 | 300 |
| POWERGRID | 263.2 | 265 |
| PRESTIGE | 1240.4 | 1300 |
| PVRINOX | 1006.55 | 1060 |
| RAMCOCEM | 860.75 | 880 |
| RBLBANK | 155.8 | 162.5 |
| RECLTD | 389.1 | 420 |
| RELIANCE | 1224.9 | 1250 |
| SAIL | 105.33 | 107.5 |
| SBICARD | 853.1 | 840 |
| SBILIFE | 1476.2 | 1460 |
| SBIN | 727.7 | 750 |
| SHREECEM | 28309.15 | 28000 |
| SHRIRAMFIN | 550.35 | 550 |
| SIEMENS | 4859.3 | 5100 |
| SJVN | 88.62 | 90 |
| SOLARINDS | 8619.35 | 9000 |
| SONACOMS | 487.3 | 510 |
| SRF | 2747.8 | 2800 |
| SUNPHARMA | 1714.2 | 1720 |
| SUNTV | 585.3 | 600 |
| SUPREMEIND | 3627.8 | 3800 |
| SYNGENE | 700.9 | 730 |
| TATACHEM | 854.5 | 920 |
| TATACOMM | 1507.45 | 1600 |
| TATACONSUM | 1023.25 | 1020 |
| TATAELXSI | 6146.85 | 6200 |
| TATAMOTORS | 686.6 | 700 |
| TATAPOWER | 337.2 | 360 |
| TATASTEEL | 134.29 | 135 |
| TCS | 3904.5 | 4000 |
| TECHM | 1664.95 | 1680 |
| TIINDIA | 2603.6 | 2750 |
| TITAN | 3233.2 | 3300 |
| TORNTPHARM | 3078 | 3100 |
| TORNTPOWER | 1239.35 | 1300 |
| TRENT | 5096.45 | 5300 |
| TVSMOTOR | 2365.7 | 2500 |
| UBL | 2028.15 | 2040 |
| ULTRACEMCO | 11490.1 | 11400 |
| UNIONBANK | 109.01 | 110 |
| UNITDSPR | 1349.7 | 1400 |
| UPL | 632.2 | 610 |
| VBL | 474.55 | 510 |
| VEDL | 415.15 | 430 |
| VOLTAS | 1241.6 | 1300 |
| WIPRO | 305.35 | 307.5 |
| YESBANK | 17.66 | 19 |
| ZOMATO | 218.53 | 220 |
| ZYDUSLIFE | 923.9 | 950 |
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.
