NTPC
Ntpc Ltd
Max pain for NTPC
21 Nov 2024 03:50 PM IST
Max Pain for NTPC is 370
Strike 325 has a total call value of 0 versus a total put value of 97,395,750,000 Combined total value = 97,395,750,000
Strike 330 has a total call value of 0 versus a total put value of 88,005,750,000 Combined total value = 88,005,750,000
Strike 335 has a total call value of 2,250,000 versus a total put value of 78,852,750,000 Combined total value = 78,855,000,000
Strike 340 has a total call value of 15,000,000 versus a total put value of 69,840,750,000 Combined total value = 69,855,750,000
Strike 345 has a total call value of 60,750,000 versus a total put value of 61,274,250,000 Combined total value = 61,335,000,000
Strike 350 has a total call value of 127,500,000 versus a total put value of 52,882,500,000 Combined total value = 53,010,000,000
Strike 355 has a total call value of 347,250,000 versus a total put value of 45,027,750,000 Combined total value = 45,375,000,000
Strike 360 has a total call value of 796,500,000 versus a total put value of 37,827,000,000 Combined total value = 38,623,500,000
Strike 365 has a total call value of 2,248,500,000 versus a total put value of 31,778,250,000 Combined total value = 34,026,750,000
Strike 370 has a total call value of 5,523,000,000 versus a total put value of 26,607,000,000 Combined total value = 32,130,000,000
Strike 375 has a total call value of 10,782,000,000 versus a total put value of 21,929,250,000 Combined total value = 32,711,250,000
Strike 380 has a total call value of 17,430,750,000 versus a total put value of 17,601,000,000 Combined total value = 35,031,750,000
Strike 385 has a total call value of 26,377,500,000 versus a total put value of 13,912,500,000 Combined total value = 40,290,000,000
Strike 390 has a total call value of 36,651,750,000 versus a total put value of 10,378,500,000 Combined total value = 47,030,250,000
Strike 395 has a total call value of 49,425,000,000 versus a total put value of 7,644,750,000 Combined total value = 57,069,750,000
Strike 400 has a total call value of 64,031,250,000 versus a total put value of 5,193,000,000 Combined total value = 69,224,250,000
Strike 405 has a total call value of 83,897,250,000 versus a total put value of 3,597,000,000 Combined total value = 87,494,250,000
Strike 410 has a total call value of 105,295,500,000 versus a total put value of 2,245,500,000 Combined total value = 107,541,000,000
Strike 415 has a total call value of 130,769,250,000 versus a total put value of 1,483,500,000 Combined total value = 132,252,750,000
Strike 420 has a total call value of 158,415,000,000 versus a total put value of 920,250,000 Combined total value = 159,335,250,000
Strike 425 has a total call value of 189,374,250,000 versus a total put value of 608,250,000 Combined total value = 189,982,500,000
Strike 430 has a total call value of 221,400,000,000 versus a total put value of 387,000,000 Combined total value = 221,787,000,000
Strike 435 has a total call value of 255,688,500,000 versus a total put value of 290,250,000 Combined total value = 255,978,750,000
Strike 440 has a total call value of 290,511,000,000 versus a total put value of 193,500,000 Combined total value = 290,704,500,000
Strike 445 has a total call value of 325,985,250,000 versus a total put value of 125,250,000 Combined total value = 326,110,500,000
Strike 450 has a total call value of 361,586,250,000 versus a total put value of 60,000,000 Combined total value = 361,646,250,000
Strike 455 has a total call value of 398,702,250,000 versus a total put value of 30,000,000 Combined total value = 398,732,250,000
Strike 460 has a total call value of 435,903,750,000 versus a total put value of 0 Combined total value = 435,903,750,000
Strike 465 has a total call value of 473,436,000,000 versus a total put value of 0 Combined total value = 473,436,000,000
Strike 470 has a total call value of 511,005,000,000 versus a total put value of 0 Combined total value = 511,005,000,000
Strike 475 has a total call value of 548,693,250,000 versus a total put value of 0 Combined total value = 548,693,250,000
Strike 480 has a total call value of 586,400,250,000 versus a total put value of 0 Combined total value = 586,400,250,000
Strike 485 has a total call value of 624,312,000,000 versus a total put value of 0 Combined total value = 624,312,000,000
Strike 490 has a total call value of 662,223,750,000 versus a total put value of 0 Combined total value = 662,223,750,000
Strike 495 has a total call value of 700,135,500,000 versus a total put value of 0 Combined total value = 700,135,500,000
Strike 500 has a total call value of 738,047,250,000 versus a total put value of 0 Combined total value = 738,047,250,000
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.
