NMDC
Nmdc Ltd.
Max pain for NMDC
21 Nov 2024 01:51 PM IST
Max Pain for NMDC is 225
Strike 160 has a total call value of 0 versus a total put value of 187,499,250,000 Combined total value = 187,499,250,000
Strike 165 has a total call value of 0 versus a total put value of 171,675,000,000 Combined total value = 171,675,000,000
Strike 170 has a total call value of 0 versus a total put value of 155,850,750,000 Combined total value = 155,850,750,000
Strike 175 has a total call value of 0 versus a total put value of 140,026,500,000 Combined total value = 140,026,500,000
Strike 180 has a total call value of 0 versus a total put value of 124,202,250,000 Combined total value = 124,202,250,000
Strike 185 has a total call value of 0 versus a total put value of 108,711,000,000 Combined total value = 108,711,000,000
Strike 190 has a total call value of 0 versus a total put value of 93,370,500,000 Combined total value = 93,370,500,000
Strike 195 has a total call value of 0 versus a total put value of 78,696,000,000 Combined total value = 78,696,000,000
Strike 200 has a total call value of 0 versus a total put value of 64,372,500,000 Combined total value = 64,372,500,000
Strike 205 has a total call value of 29,250,000 versus a total put value of 51,543,000,000 Combined total value = 51,572,250,000
Strike 210 has a total call value of 58,500,000 versus a total put value of 39,867,750,000 Combined total value = 39,926,250,000
Strike 215 has a total call value of 465,750,000 versus a total put value of 29,736,000,000 Combined total value = 30,201,750,000
Strike 220 has a total call value of 1,239,750,000 versus a total put value of 20,670,750,000 Combined total value = 21,910,500,000
Strike 225 has a total call value of 4,009,500,000 versus a total put value of 13,934,250,000 Combined total value = 17,943,750,000
Strike 230 has a total call value of 9,823,500,000 versus a total put value of 8,880,750,000 Combined total value = 18,704,250,000
Strike 235 has a total call value of 19,334,250,000 versus a total put value of 5,366,250,000 Combined total value = 24,700,500,000
Strike 240 has a total call value of 31,342,500,000 versus a total put value of 2,781,000,000 Combined total value = 34,123,500,000
Strike 245 has a total call value of 46,824,750,000 versus a total put value of 1,390,500,000 Combined total value = 48,215,250,000
Strike 250 has a total call value of 64,014,750,000 versus a total put value of 0 Combined total value = 64,014,750,000
Strike 255 has a total call value of 85,576,500,000 versus a total put value of 0 Combined total value = 85,576,500,000
Strike 260 has a total call value of 107,820,000,000 versus a total put value of 0 Combined total value = 107,820,000,000
Strike 265 has a total call value of 131,766,750,000 versus a total put value of 0 Combined total value = 131,766,750,000
Strike 270 has a total call value of 155,994,750,000 versus a total put value of 0 Combined total value = 155,994,750,000
Strike 275 has a total call value of 180,985,500,000 versus a total put value of 0 Combined total value = 180,985,500,000
Strike 280 has a total call value of 205,976,250,000 versus a total put value of 0 Combined total value = 205,976,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.95 | 470 |
| ABB | 6785 | 7000 |
| ABBOTINDIA | 26928.05 | 28000 |
| ABCAPITAL | 184.59 | 200 |
| ABFRL | 286.95 | 300 |
| ACC | 2041.55 | 2240 |
| ADANIENT | 2343.55 | 2660 |
| ADANIPORTS | 1148.9 | 1200 |
| ALKEM | 5552.1 | 5500 |
| AMBUJACEM | 498.2 | 540 |
| APOLLOHOSP | 6716.7 | 6900 |
| APOLLOTYRE | 483.9 | 480 |
| ASHOKLEY | 218.04 | 220 |
| ASIANPAINT | 2431.15 | 2540 |
| ASTRAL | 1714 | 1780 |
| ATUL | 7251.15 | 7500 |
| AUBANK | 593.2 | 590 |
| AUROPHARMA | 1221.35 | 1300 |
| AXISBANK | 1142.95 | 1150 |
| BAJAJ-AUTO | 9494 | 9700 |
| BAJAJFINSV | 1576 | 1620 |
| BAJFINANCE | 6491.4 | 6700 |
| BALKRISIND | 2740.95 | 2800 |
| BANDHANBNK | 166.7 | 177.5 |
| BANKBARODA | 230 | 240 |
| BATAINDIA | 1280.5 | 1310 |
| BEL | 275.9 | 285 |
| BERGEPAINT | 466.4 | 495 |
| BHARATFORG | 1307.8 | 1340 |
| BHARTIARTL | 1519 | 1560 |
| BHEL | 227.85 | 235 |
| BIOCON | 325.35 | 330 |
| BOSCHLTD | 34082 | 34000 |
| BPCL | 282.5 | 300 |
| BRITANNIA | 4765.1 | 5000 |
| BSOFT | 545.1 | 560 |
| CANBK | 95.11 | 100 |
| CANFINHOME | 824.1 | 830 |
| CHAMBLFERT | 459.65 | 480 |
| CHOLAFIN | 1215.05 | 1240 |
| CIPLA | 1455.95 | 1520 |
| COALINDIA | 405.7 | 425 |
| COFORGE | 8204.4 | 8000 |
| COLPAL | 2682 | 2800 |
| CONCOR | 772.1 | 810 |
| COROMANDEL | 1774.8 | 1720 |
| CROMPTON | 382.5 | 390 |
| CUB | 171.02 | 175 |
| CUMMINSIND | 3298 | 3400 |
| DABUR | 506.3 | 525 |
| DALBHARAT | 1772.4 | 1760 |
| DEEPAKNTR | 2628.6 | 2650 |
| DIVISLAB | 5957.35 | 5900 |
| DIXON | 15083 | 14750 |
| DLF | 779.4 | 780 |
| DRREDDY | 1194.45 | 1220 |
| EICHERMOT | 4907 | 4900 |
| ESCORTS | 3459.85 | 3600 |
| EXIDEIND | 416.5 | 440 |
| FEDERALBNK | 211.1 | 205 |
| GAIL | 189.38 | 197.5 |
| GLENMARK | 1462.5 | 1520 |
| GMRINFRA | 77.11 | 82 |
| GNFC | 557.2 | 570 |
| GODREJCP | 1180.25 | 1200 |
| GODREJPROP | 2718.55 | 2750 |
| GRANULES | 544.5 | 580 |
| GRASIM | 2529.65 | 2540 |
| GUJGASLTD | 454.65 | 480 |
| HAL | 4004.3 | 4200 |
| HAVELLS | 1630.05 | 1640 |
| HCLTECH | 1827.4 | 1820 |
| HDFCAMC | 4206.55 | 4300 |
| HDFCBANK | 1743.75 | 1740 |
| HDFCLIFE | 673.35 | 680 |
| HEROMOTOCO | 4755.2 | 4800 |
| HINDALCO | 646.45 | 650 |
| HINDCOPPER | 263.6 | 290 |
| HINDPETRO | 360.55 | 375 |
| HINDUNILVR | 2380.6 | 2480 |
| ICICIBANK | 1251.8 | 1260 |
| ICICIGI | 1818.9 | 1880 |
| ICICIPRULI | 681.2 | 690 |
| IDEA | 7 | 8 |
| IDFCFIRSTB | 63.23 | 66 |
| IEX | 161.65 | 170 |
| IGL | 312.05 | 330 |
| INDHOTEL | 788.9 | 760 |
| INDIAMART | 2253 | 2400 |
| INDIGO | 4064.35 | 4000 |
| INDUSINDBK | 975.6 | 1040 |
| INDUSTOWER | 331.95 | 340 |
| INFY | 1825.4 | 1800 |
| IOC | 131.2 | 140 |
| IPCALAB | 1566.95 | 1560 |
| IRCTC | 798 | 820 |
| ITC | 456.8 | 475 |
| JINDALSTEL | 875 | 900 |
| JKCEMENT | 4009.65 | 4000 |
| JSWSTEEL | 942.15 | 960 |
| JUBLFOOD | 612.55 | 610 |
| KOTAKBANK | 1736 | 1760 |
| LALPATHLAB | 3017.7 | 3100 |
| LAURUSLABS | 488.5 | 490 |
| LICHSGFIN | 613.55 | 630 |
| LT | 3489.85 | 3600 |
| LTF | 137.92 | 140 |
| LTIM | 5913.05 | 5900 |
| LTTS | 5164.4 | 5150 |
| LUPIN | 2037.75 | 2100 |
| M&M | 2938.85 | 2900 |
| M&MFIN | 257.7 | 265 |
| MANAPPURAM | 151.21 | 155 |
| MARICO | 588.95 | 600 |
| MARUTI | 10903.9 | 11000 |
| MCX | 6194.7 | 6200 |
| METROPOLIS | 2010.9 | 2060 |
| MFSL | 1177 | 1200 |
| MGL | 1119.35 | 1160 |
| MOTHERSON | 162.06 | 175 |
| MPHASIS | 2772.25 | 2850 |
| MRF | 123190.05 | 122500 |
| MUTHOOTFIN | 1910.7 | 1880 |
| NATIONALUM | 248.94 | 240 |
| NAUKRI | 7530.4 | 7700 |
| NAVINFLUOR | 3273.65 | 3400 |
| NESTLEIND | 2205 | 2280 |
| NMDC | 219.1 | 225 |
| NTPC | 357.9 | 375 |
| OBEROIRLTY | 1934.95 | 1960 |
| OFSS | 11141.6 | 11500 |
| ONGC | 242.3 | 254 |
| PAGEIND | 44623.4 | 45500 |
| PEL | 1055.2 | 1060 |
| PERSISTENT | 5727.8 | 5600 |
| PETRONET | 321.3 | 328 |
| PFC | 454.35 | 460 |
| PIDILITIND | 2952.55 | 3060 |
| PIIND | 4129.35 | 4200 |
| PNB | 97.05 | 102 |
| POLYCAB | 6440.05 | 6500 |
| POWERGRID | 322.2 | 320 |
| PVRINOX | 1445.8 | 1500 |
| RAMCOCEM | 918.05 | 900 |
| RBLBANK | 158.94 | 160 |
| RECLTD | 491.55 | 510 |
| RELIANCE | 1220.65 | 1290 |
| SAIL | 111.67 | 115 |
| SBICARD | 674.75 | 690 |
| SBILIFE | 1480 | 1520 |
| SBIN | 783.9 | 800 |
| SHREECEM | 24302.65 | 24500 |
| SHRIRAMFIN | 2810.7 | 2900 |
| SIEMENS | 6695.05 | 6800 |
| SRF | 2156.6 | 2260 |
| SUNPHARMA | 1764.75 | 1800 |
| SUNTV | 727.45 | 730 |
| SYNGENE | 845.5 | 870 |
| TATACHEM | 1058.75 | 1100 |
| TATACOMM | 1713.8 | 1780 |
| TATACONSUM | 910.65 | 950 |
| TATAMOTORS | 777.85 | 800 |
| TATAPOWER | 411.1 | 420 |
| TATASTEEL | 140.71 | 145 |
| TCS | 4040.8 | 4100 |
| TECHM | 1696.05 | 1680 |
| TITAN | 3164.4 | 3200 |
| TORNTPHARM | 3095.4 | 3150 |
| TRENT | 6451.9 | 6600 |
| TVSMOTOR | 2400.3 | 2450 |
| UBL | 1822.15 | 1880 |
| ULTRACEMCO | 10935.15 | 11000 |
| UNITDSPR | 1492.9 | 1480 |
| UPL | 561.6 | 540 |
| VEDL | 443 | 460 |
| VOLTAS | 1674.1 | 1700 |
| WIPRO | 556.75 | 560 |
| ZYDUSLIFE | 941.25 | 960 |
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.
