NATIONALUM
National Aluminium Co Ltd
Max pain for NATIONALUM
21 Nov 2024 04:10 PM IST
Max Pain for NATIONALUM is 240
Strike 170 has a total call value of 0 versus a total put value of 294,478,125,000 Combined total value = 294,478,125,000
Strike 172.5 has a total call value of 0 versus a total put value of 281,993,437,500 Combined total value = 281,993,437,500
Strike 175 has a total call value of 0 versus a total put value of 269,508,750,000 Combined total value = 269,508,750,000
Strike 177.5 has a total call value of 0 versus a total put value of 257,024,062,500 Combined total value = 257,024,062,500
Strike 180 has a total call value of 0 versus a total put value of 244,539,375,000 Combined total value = 244,539,375,000
Strike 182.5 has a total call value of 0 versus a total put value of 232,239,375,000 Combined total value = 232,239,375,000
Strike 185 has a total call value of 0 versus a total put value of 219,939,375,000 Combined total value = 219,939,375,000
Strike 187.5 has a total call value of 937,500 versus a total put value of 207,666,562,500 Combined total value = 207,667,500,000
Strike 190 has a total call value of 1,875,000 versus a total put value of 195,393,750,000 Combined total value = 195,395,625,000
Strike 192.5 has a total call value of 2,812,500 versus a total put value of 183,355,312,500 Combined total value = 183,358,125,000
Strike 195 has a total call value of 3,750,000 versus a total put value of 171,316,875,000 Combined total value = 171,320,625,000
Strike 197.5 has a total call value of 4,687,500 versus a total put value of 159,345,000,000 Combined total value = 159,349,687,500
Strike 200 has a total call value of 5,625,000 versus a total put value of 147,385,312,500 Combined total value = 147,390,937,500
Strike 202.5 has a total call value of 181,875,000 versus a total put value of 136,024,687,500 Combined total value = 136,206,562,500
Strike 205 has a total call value of 358,125,000 versus a total put value of 124,689,375,000 Combined total value = 125,047,500,000
Strike 207.5 has a total call value of 534,375,000 versus a total put value of 113,520,000,000 Combined total value = 114,054,375,000
Strike 210 has a total call value of 710,625,000 versus a total put value of 102,413,437,500 Combined total value = 103,124,062,500
Strike 212.5 has a total call value of 1,147,500,000 versus a total put value of 91,713,750,000 Combined total value = 92,861,250,000
Strike 215 has a total call value of 1,599,375,000 versus a total put value of 81,081,562,500 Combined total value = 82,680,937,500
Strike 217.5 has a total call value of 2,051,250,000 versus a total put value of 70,735,312,500 Combined total value = 72,786,562,500
Strike 220 has a total call value of 2,535,937,500 versus a total put value of 60,474,375,000 Combined total value = 63,010,312,500
Strike 222.5 has a total call value of 3,512,812,500 versus a total put value of 51,848,437,500 Combined total value = 55,361,250,000
Strike 225 has a total call value of 4,652,812,500 versus a total put value of 43,333,125,000 Combined total value = 47,985,937,500
Strike 227.5 has a total call value of 6,035,625,000 versus a total put value of 35,521,875,000 Combined total value = 41,557,500,000
Strike 230 has a total call value of 7,567,500,000 versus a total put value of 27,954,375,000 Combined total value = 35,521,875,000
Strike 232.5 has a total call value of 9,750,937,500 versus a total put value of 21,765,000,000 Combined total value = 31,515,937,500
Strike 235 has a total call value of 12,143,437,500 versus a total put value of 15,987,187,500 Combined total value = 28,130,625,000
Strike 237.5 has a total call value of 15,075,000,000 versus a total put value of 11,475,000,000 Combined total value = 26,550,000,000
Strike 240 has a total call value of 18,146,250,000 versus a total put value of 7,452,187,500 Combined total value = 25,598,437,500
Strike 242.5 has a total call value of 22,245,000,000 versus a total put value of 4,977,187,500 Combined total value = 27,222,187,500
Strike 245 has a total call value of 26,616,562,500 versus a total put value of 2,850,000,000 Combined total value = 29,466,562,500
Strike 247.5 has a total call value of 32,068,125,000 versus a total put value of 1,608,750,000 Combined total value = 33,676,875,000
Strike 250 has a total call value of 37,762,500,000 versus a total put value of 548,437,500 Combined total value = 38,310,937,500
Strike 252.5 has a total call value of 45,468,750,000 versus a total put value of 325,312,500 Combined total value = 45,794,062,500
Strike 255 has a total call value of 53,469,375,000 versus a total put value of 160,312,500 Combined total value = 53,629,687,500
Strike 257.5 has a total call value of 62,282,812,500 versus a total put value of 90,000,000 Combined total value = 62,372,812,500
Strike 260 has a total call value of 71,263,125,000 versus a total put value of 36,562,500 Combined total value = 71,299,687,500
Strike 262.5 has a total call value of 81,320,625,000 versus a total put value of 25,312,500 Combined total value = 81,345,937,500
Strike 265 has a total call value of 91,471,875,000 versus a total put value of 15,937,500 Combined total value = 91,487,812,500
Strike 267.5 has a total call value of 101,947,500,000 versus a total put value of 9,375,000 Combined total value = 101,956,875,000
Strike 270 has a total call value of 112,464,375,000 versus a total put value of 2,812,500 Combined total value = 112,467,187,500
Strike 272.5 has a total call value of 123,612,187,500 versus a total put value of 0 Combined total value = 123,612,187,500
Strike 275 has a total call value of 134,793,750,000 versus a total put value of 0 Combined total value = 134,793,750,000
Strike 277.5 has a total call value of 146,146,875,000 versus a total put value of 0 Combined total value = 146,146,875,000
Strike 280 has a total call value of 157,500,937,500 versus a total put value of 0 Combined total value = 157,500,937,500
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 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.
