NHPC
Nhpc Ltd
Max pain for NHPC
12 Dec 2024 11:04 AM IST
Max Pain for NHPC is 85
Strike 75 has a total call value of 0 versus a total put value of 15,365,760,000 Combined total value = 15,365,760,000
Strike 76 has a total call value of 0 versus a total put value of 13,564,800,000 Combined total value = 13,564,800,000
Strike 77 has a total call value of 0 versus a total put value of 11,772,800,000 Combined total value = 11,772,800,000
Strike 78 has a total call value of 0 versus a total put value of 10,010,240,000 Combined total value = 10,010,240,000
Strike 79 has a total call value of 0 versus a total put value of 8,367,360,000 Combined total value = 8,367,360,000
Strike 80 has a total call value of 0 versus a total put value of 6,746,880,000 Combined total value = 6,746,880,000
Strike 81 has a total call value of 78,080,000 versus a total put value of 5,347,200,000 Combined total value = 5,425,280,000
Strike 82 has a total call value of 156,160,000 versus a total put value of 4,058,240,000 Combined total value = 4,214,400,000
Strike 83 has a total call value of 234,240,000 versus a total put value of 2,931,840,000 Combined total value = 3,166,080,000
Strike 84 has a total call value of 353,920,000 versus a total put value of 1,997,440,000 Combined total value = 2,351,360,000
Strike 85 has a total call value of 602,880,000 versus a total put value of 1,205,120,000 Combined total value = 1,808,000,000
Strike 86 has a total call value of 1,286,400,000 versus a total put value of 757,120,000 Combined total value = 2,043,520,000
Strike 87 has a total call value of 2,167,040,000 versus a total put value of 414,080,000 Combined total value = 2,581,120,000
Strike 88 has a total call value of 3,325,440,000 versus a total put value of 206,080,000 Combined total value = 3,531,520,000
Strike 89 has a total call value of 4,940,160,000 versus a total put value of 103,040,000 Combined total value = 5,043,200,000
Strike 90 has a total call value of 6,828,160,000 versus a total put value of 0 Combined total value = 6,828,160,000
Strike 91 has a total call value of 9,510,400,000 versus a total put value of 0 Combined total value = 9,510,400,000
Strike 92 has a total call value of 12,325,760,000 versus a total put value of 0 Combined total value = 12,325,760,000
Strike 93 has a total call value of 15,370,240,000 versus a total put value of 0 Combined total value = 15,370,240,000
Strike 94 has a total call value of 18,481,280,000 versus a total put value of 0 Combined total value = 18,481,280,000
Strike 95 has a total call value of 21,761,920,000 versus a total put value of 0 Combined total value = 21,761,920,000
Strike 96 has a total call value of 25,291,520,000 versus a total put value of 0 Combined total value = 25,291,520,000
Strike 97 has a total call value of 28,865,280,000 versus a total put value of 0 Combined total value = 28,865,280,000
Strike 98 has a total call value of 32,441,600,000 versus a total put value of 0 Combined total value = 32,441,600,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 441.4 | 450 |
| ABB | 7670 | 7600 |
| ABBOTINDIA | 28677.7 | 28000 |
| ABCAPITAL | 198.83 | 200 |
| ABFRL | 305.05 | 310 |
| ACC | 2253.95 | 2260 |
| ADANIENSOL | 820.35 | 800 |
| ADANIENT | 2497.6 | 2500 |
| ADANIGREEN | 1231.1 | 1200 |
| ADANIPORTS | 1256.6 | 1260 |
| ALKEM | 5441.3 | 5500 |
| AMBUJACEM | 576.8 | 570 |
| ANGELONE | 3418.15 | 3300 |
| APLAPOLLO | 1614.7 | 1600 |
| APOLLOHOSP | 7214.1 | 7200 |
| APOLLOTYRE | 541.5 | 530 |
| ASHOKLEY | 230.18 | 230 |
| ASIANPAINT | 2394.85 | 2440 |
| ASTRAL | 1842.95 | 1840 |
| ATGL | 745.8 | 740 |
| ATUL | 7220 | 7400 |
| AUBANK | 593.55 | 590 |
| AUROPHARMA | 1215.75 | 1240 |
| AXISBANK | 1151.05 | 1160 |
| BAJAJ-AUTO | 8988.05 | 9100 |
| BAJAJFINSV | 1686.6 | 1660 |
| BAJFINANCE | 7130 | 7000 |
| BALKRISIND | 2797.2 | 2800 |
| BANDHANBNK | 172.38 | 175 |
| BANKBARODA | 259.23 | 260 |
| BANKINDIA | 112.67 | 115 |
| BATAINDIA | 1430.35 | 1430 |
| BEL | 314.1 | 310 |
| BERGEPAINT | 472.6 | 480 |
| BHARATFORG | 1363.15 | 1360 |
| BHARTIARTL | 1597.45 | 1600 |
| BHEL | 248.5 | 250 |
| BIOCON | 361.4 | 370 |
| BOSCHLTD | 35960.05 | 35500 |
| BPCL | 304.5 | 300 |
| BRITANNIA | 4900 | 4900 |
| BSE | 5639.75 | 5200 |
| BSOFT | 613.65 | 600 |
| CAMS | 5277.55 | 5200 |
| CANBK | 107.62 | 108 |
| CANFINHOME | 814.1 | 820 |
| CDSL | 1936.7 | 1840 |
| CESC | 190.26 | 195 |
| CGPOWER | 777.65 | 770 |
| CHAMBLFERT | 527.65 | 530 |
| CHOLAFIN | 1346.2 | 1300 |
| CIPLA | 1442.7 | 1480 |
| COALINDIA | 411.35 | 420 |
| COFORGE | 9251.15 | 9000 |
| COLPAL | 2845 | 2900 |
| CONCOR | 832.7 | 840 |
| COROMANDEL | 1776.4 | 1780 |
| CROMPTON | 410 | 410 |
| CUB | 184.44 | 185 |
| CUMMINSIND | 3616.45 | 3500 |
| CYIENT | 2082 | 2000 |
| DABUR | 507.95 | 510 |
| DALBHARAT | 1938.5 | 1900 |
| DEEPAKNTR | 2670.8 | 2700 |
| DELHIVERY | 381.45 | 370 |
| DIVISLAB | 5971.55 | 6000 |
| DIXON | 17694.7 | 17000 |
| DLF | 862.45 | 850 |
| DMART | 3703.55 | 3700 |
| DRREDDY | 1227.25 | 1220 |
| EICHERMOT | 4787.6 | 4850 |
| ESCORTS | 3455.35 | 3500 |
| EXIDEIND | 466.2 | 460 |
| FEDERALBNK | 214.86 | 215 |
| GAIL | 206.05 | 207.5 |
| GLENMARK | 1530.35 | 1540 |
| GMRINFRA | 0 | 36 |
| GNFC | 617 | 630 |
| GODREJCP | 1122.85 | 1140 |
| GODREJPROP | 2855.8 | 2850 |
| GRANULES | 587 | 560 |
| GRASIM | 2654.75 | 2640 |
| GUJGASLTD | 512.95 | 510 |
| HAL | 4686.65 | 4600 |
| HAVELLS | 1739.35 | 1740 |
| HCLTECH | 1934.8 | 1900 |
| HDFCAMC | 4541.8 | 4400 |
| HDFCBANK | 1863.15 | 1820 |
| HDFCLIFE | 630.1 | 640 |
| HEROMOTOCO | 4571.25 | 4700 |
| HFCL | 126.05 | 130 |
| HINDALCO | 668.3 | 670 |
| HINDCOPPER | 288.75 | 290 |
| HINDPETRO | 407.95 | 395 |
| HINDUNILVR | 2363 | 2420 |
| HUDCO | 245.8 | 245 |
| ICICIBANK | 1337.3 | 1320 |
| ICICIGI | 1949.9 | 1940 |
| ICICIPRULI | 688.9 | 690 |
| IDEA | 7.93 | 8 |
| IDFCFIRSTB | 64.69 | 65 |
| IEX | 188.76 | 185 |
| IGL | 385.1 | 360 |
| INDHOTEL | 836.7 | 820 |
| INDIAMART | 2378.05 | 2400 |
| INDIANB | 575.5 | 590 |
| INDIGO | 4416.75 | 4450 |
| INDUSINDBK | 997.95 | 1000 |
| INDUSTOWER | 351.65 | 360 |
| INFY | 1990.15 | 1940 |
| IOC | 142.01 | 140 |
| IPCALAB | 1568.1 | 1540 |
| IRB | 58.23 | 59 |
| IRCTC | 844.15 | 840 |
| IRFC | 162.71 | 160 |
| ITC | 465.35 | 470 |
| JINDALSTEL | 993.75 | 970 |
| JIOFIN | 341.3 | 340 |
| JKCEMENT | 4645.2 | 4600 |
| JSL | 746.45 | 740 |
| JSWENERGY | 675.6 | 660 |
| JSWSTEEL | 999.6 | 1000 |
| JUBLFOOD | 681.8 | 680 |
| KALYANKJIL | 770.6 | 750 |
| KEI | 4562.45 | 4400 |
| KOTAKBANK | 1782.85 | 1800 |
| KPITTECH | 1548 | 1500 |
| LALPATHLAB | 3099.65 | 3100 |
| LAURUSLABS | 568.25 | 570 |
| LICHSGFIN | 633.9 | 640 |
| LICI | 938.8 | 950 |
| LODHA | 1418.2 | 1340 |
| LT | 3865.25 | 3800 |
| LTF | 148.75 | 147.5 |
| LTIM | 6671.55 | 6500 |
| LTTS | 5381.55 | 5350 |
| LUPIN | 2150 | 2100 |
| M&M | 3058.45 | 3050 |
| M&MFIN | 280.7 | 280 |
| MANAPPURAM | 179.24 | 160 |
| MARICO | 640.55 | 630 |
| MARUTI | 11115.65 | 11200 |
| MAXHEALTH | 1165.45 | 1100 |
| MCX | 6753.65 | 6600 |
| METROPOLIS | 2210.7 | 2200 |
| MFSL | 1129.95 | 1160 |
| MGL | 1279 | 1280 |
| MOTHERSON | 166.25 | 165 |
| MPHASIS | 3201 | 3100 |
| MRF | 131840 | 132000 |
| MUTHOOTFIN | 2084.15 | 2020 |
| NATIONALUM | 241.9 | 245 |
| NAUKRI | 8671.4 | 8500 |
| NAVINFLUOR | 3594.25 | 3600 |
| NCC | 304.8 | 310 |
| NESTLEIND | 2233.2 | 2260 |
| NHPC | 85.43 | 85 |
| NMDC | 238 | 240 |
| NTPC | 359.8 | 365 |
| NYKAA | 171.04 | 170 |
| OBEROIRLTY | 2121.45 | 2100 |
| OFSS | 12191 | 12250 |
| OIL | 469.1 | 470 |
| ONGC | 255.3 | 259 |
| PAGEIND | 47220 | 46500 |
| PAYTM | 964.65 | 960 |
| PEL | 1252 | 1220 |
| PERSISTENT | 6400.55 | 6300 |
| PETRONET | 343.8 | 340 |
| PFC | 509 | 500 |
| PIDILITIND | 3167.95 | 3180 |
| PIIND | 4025.7 | 4100 |
| PNB | 107.71 | 109 |
| POLICYBZR | 2150.45 | 2000 |
| POLYCAB | 7403.9 | 7300 |
| POONAWALLA | 362.3 | 360 |
| POWERGRID | 326.9 | 330 |
| PRESTIGE | 1739.9 | 1700 |
| PVRINOX | 1465.9 | 1540 |
| RAMCOCEM | 1002.8 | 1000 |
| RBLBANK | 176.52 | 170 |
| RECLTD | 565.95 | 550 |
| RELIANCE | 1268.05 | 1300 |
| SAIL | 126.6 | 125 |
| SBICARD | 731 | 720 |
| SBILIFE | 1434.6 | 1440 |
| SBIN | 853.5 | 850 |
| SHREECEM | 27301.2 | 27000 |
| SHRIRAMFIN | 3231 | 3200 |
| SIEMENS | 7880.1 | 7700 |
| SJVN | 118.54 | 120 |
| SONACOMS | 638 | 650 |
| SRF | 2302.55 | 2300 |
| SUNPHARMA | 1808.2 | 1800 |
| SUNTV | 732.3 | 750 |
| SUPREMEIND | 4849 | 4900 |
| SYNGENE | 884.85 | 900 |
| TATACHEM | 1106.65 | 1120 |
| TATACOMM | 1844.8 | 1820 |
| TATACONSUM | 919.35 | 940 |
| TATAELXSI | 7350.1 | 7300 |
| TATAMOTORS | 787.5 | 800 |
| TATAPOWER | 430.65 | 435 |
| TATASTEEL | 149.85 | 150 |
| TCS | 4468 | 4400 |
| TECHM | 1788.1 | 1760 |
| TIINDIA | 3671.95 | 3700 |
| TITAN | 3433.45 | 3400 |
| TORNTPHARM | 3378.85 | 3350 |
| TRENT | 7051.25 | 6900 |
| TVSMOTOR | 2499.45 | 2500 |
| UBL | 1984.8 | 1960 |
| ULTRACEMCO | 11869.25 | 11700 |
| UNIONBANK | 128.61 | 127 |
| UNITDSPR | 1518.55 | 1520 |
| UPL | 545.7 | 550 |
| VBL | 636.45 | 640 |
| VEDL | 524 | 500 |
| VOLTAS | 1789.3 | 1760 |
| WIPRO | 310.55 | 300 |
| YESBANK | 21.36 | 21 |
| ZOMATO | 290.65 | 280 |
| ZYDUSLIFE | 977.1 | 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.
