NTPC
Ntpc Ltd
Max pain for NTPC
14 Nov 2024 09:20 AM IST
Max Pain for NTPC is 390
Strike 330 has a total call value of 0 versus a total put value of 86,221,500,000 Combined total value = 86,221,500,000
Strike 335 has a total call value of 0 versus a total put value of 77,991,750,000 Combined total value = 77,991,750,000
Strike 340 has a total call value of 0 versus a total put value of 69,762,000,000 Combined total value = 69,762,000,000
Strike 345 has a total call value of 0 versus a total put value of 61,752,000,000 Combined total value = 61,752,000,000
Strike 350 has a total call value of 0 versus a total put value of 53,764,500,000 Combined total value = 53,764,500,000
Strike 355 has a total call value of 15,750,000 versus a total put value of 46,232,250,000 Combined total value = 46,248,000,000
Strike 360 has a total call value of 42,000,000 versus a total put value of 38,826,750,000 Combined total value = 38,868,750,000
Strike 365 has a total call value of 108,750,000 versus a total put value of 32,117,250,000 Combined total value = 32,226,000,000
Strike 370 has a total call value of 175,500,000 versus a total put value of 25,704,750,000 Combined total value = 25,880,250,000
Strike 375 has a total call value of 394,500,000 versus a total put value of 20,045,250,000 Combined total value = 20,439,750,000
Strike 380 has a total call value of 747,750,000 versus a total put value of 14,832,000,000 Combined total value = 15,579,750,000
Strike 385 has a total call value of 1,788,750,000 versus a total put value of 10,835,250,000 Combined total value = 12,624,000,000
Strike 390 has a total call value of 3,656,250,000 versus a total put value of 7,199,250,000 Combined total value = 10,855,500,000
Strike 395 has a total call value of 7,405,500,000 versus a total put value of 4,731,000,000 Combined total value = 12,136,500,000
Strike 400 has a total call value of 12,859,500,000 versus a total put value of 2,614,500,000 Combined total value = 15,474,000,000
Strike 405 has a total call value of 22,910,250,000 versus a total put value of 1,423,500,000 Combined total value = 24,333,750,000
Strike 410 has a total call value of 34,367,250,000 versus a total put value of 489,000,000 Combined total value = 34,856,250,000
Strike 415 has a total call value of 49,789,500,000 versus a total put value of 189,000,000 Combined total value = 49,978,500,000
Strike 420 has a total call value of 67,673,250,000 versus a total put value of 94,500,000 Combined total value = 67,767,750,000
Strike 425 has a total call value of 89,293,500,000 versus a total put value of 0 Combined total value = 89,293,500,000
Strike 430 has a total call value of 112,146,750,000 versus a total put value of 0 Combined total value = 112,146,750,000
Strike 435 has a total call value of 137,825,250,000 versus a total put value of 0 Combined total value = 137,825,250,000
Strike 440 has a total call value of 164,030,250,000 versus a total put value of 0 Combined total value = 164,030,250,000
Strike 445 has a total call value of 190,235,250,000 versus a total put value of 0 Combined total value = 190,235,250,000
Strike 450 has a total call value of 216,635,250,000 versus a total put value of 0 Combined total value = 216,635,250,000
Strike 455 has a total call value of 245,400,750,000 versus a total put value of 0 Combined total value = 245,400,750,000
Strike 460 has a total call value of 274,166,250,000 versus a total put value of 0 Combined total value = 274,166,250,000
Strike 465 has a total call value of 303,506,250,000 versus a total put value of 0 Combined total value = 303,506,250,000
Strike 470 has a total call value of 332,846,250,000 versus a total put value of 0 Combined total value = 332,846,250,000
Strike 475 has a total call value of 362,405,250,000 versus a total put value of 0 Combined total value = 362,405,250,000
Strike 480 has a total call value of 391,964,250,000 versus a total put value of 0 Combined total value = 391,964,250,000
Strike 485 has a total call value of 421,766,250,000 versus a total put value of 0 Combined total value = 421,766,250,000
Strike 490 has a total call value of 451,568,250,000 versus a total put value of 0 Combined total value = 451,568,250,000
Strike 495 has a total call value of 481,370,250,000 versus a total put value of 0 Combined total value = 481,370,250,000
Strike 500 has a total call value of 511,172,250,000 versus a total put value of 0 Combined total value = 511,172,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 430.15 | 440 |
| ABB | 6697.7 | 7000 |
| ABBOTINDIA | 27775.95 | 28000 |
| ABCAPITAL | 189.09 | 200 |
| ABFRL | 292.6 | 270 |
| ACC | 2192.6 | 2280 |
| ADANIENT | 2831 | 2920 |
| ADANIPORTS | 1285.1 | 1340 |
| ALKEM | 5587 | 5500 |
| AMBUJACEM | 544.65 | 560 |
| APOLLOHOSP | 6833.75 | 7000 |
| APOLLOTYRE | 466.7 | 470 |
| ASHOKLEY | 215.45 | 220 |
| ASIANPAINT | 2484.05 | 2520 |
| ASTRAL | 1726 | 1760 |
| ATUL | 7265.65 | 7400 |
| AUBANK | 568.45 | 590 |
| AUROPHARMA | 1260.35 | 1300 |
| AXISBANK | 1147.7 | 1160 |
| BAJAJ-AUTO | 9475.45 | 9700 |
| BAJAJFINSV | 1658.35 | 1700 |
| BAJFINANCE | 6580.7 | 6800 |
| BALKRISIND | 2739.9 | 2750 |
| BANDHANBNK | 165.84 | 175 |
| BANKBARODA | 245.55 | 250 |
| BATAINDIA | 1327.1 | 1320 |
| BEL | 278.4 | 290 |
| BERGEPAINT | 488.65 | 490 |
| BHARATFORG | 1323.95 | 1380 |
| BHARTIARTL | 1547.3 | 1580 |
| BHEL | 222.9 | 235 |
| BIOCON | 334.2 | 335 |
| BOSCHLTD | 33474 | 34000 |
| BPCL | 303.25 | 310 |
| BRITANNIA | 4990 | 5100 |
| BSOFT | 551.5 | 560 |
| CANBK | 99.7 | 102 |
| CANFINHOME | 817.55 | 840 |
| CHAMBLFERT | 461.65 | 480 |
| CHOLAFIN | 1185.1 | 1260 |
| CIPLA | 1492.7 | 1540 |
| COALINDIA | 407.7 | 424.25 |
| COFORGE | 8131.1 | 8000 |
| COLPAL | 2760.15 | 2850 |
| CONCOR | 782.3 | 810 |
| COROMANDEL | 1669.6 | 1700 |
| CROMPTON | 381.7 | 400 |
| CUB | 171.95 | 175 |
| CUMMINSIND | 3300 | 3400 |
| DABUR | 510.05 | 530 |
| DALBHARAT | 1691 | 1800 |
| DEEPAKNTR | 2473.05 | 2600 |
| DIVISLAB | 5752 | 5900 |
| DIXON | 14821.4 | 14500 |
| DLF | 757 | 780 |
| DRREDDY | 1240.5 | 1270 |
| EICHERMOT | 4908.7 | 4800 |
| ESCORTS | 3486.7 | 3600 |
| EXIDEIND | 417.55 | 440 |
| FEDERALBNK | 199.42 | 202.5 |
| GAIL | 189.24 | 195 |
| GLENMARK | 1535.8 | 1600 |
| GMRINFRA | 76.4 | 80 |
| GNFC | 546.05 | 560 |
| GODREJCP | 1184.85 | 1200 |
| GODREJPROP | 2572.35 | 2700 |
| GRANULES | 532 | 490 |
| GRASIM | 2504.1 | 2500 |
| GUJGASLTD | 492 | 510 |
| HAL | 4005.65 | 4300 |
| HAVELLS | 1609.65 | 1640 |
| HCLTECH | 1895.65 | 1820 |
| HDFCAMC | 4307.6 | 4350 |
| HDFCBANK | 1691.25 | 1720 |
| HDFCLIFE | 687.3 | 700 |
| HEROMOTOCO | 4520.3 | 4700 |
| HINDALCO | 632.05 | 650 |
| HINDCOPPER | 261.6 | 290 |
| HINDPETRO | 367 | 380 |
| HINDUNILVR | 2436.6 | 2500 |
| ICICIBANK | 1256 | 1260 |
| ICICIGI | 1867.7 | 1900 |
| ICICIPRULI | 691.35 | 710 |
| IDEA | 7.46 | 8 |
| IDFCFIRSTB | 63.96 | 65 |
| IEX | 162.39 | 170 |
| IGL | 414.2 | 420 |
| INDHOTEL | 719.4 | 710 |
| INDIAMART | 2312.55 | 2300 |
| INDIGO | 3870 | 3950 |
| INDUSINDBK | 1038.4 | 1060 |
| INDUSTOWER | 317.7 | 340 |
| INFY | 1874.95 | 1820 |
| IOC | 135.05 | 140 |
| IPCALAB | 1505.8 | 1520 |
| IRCTC | 795.75 | 820 |
| ITC | 471.4 | 480 |
| JINDALSTEL | 873.4 | 900 |
| JKCEMENT | 3958.9 | 4100 |
| JSWSTEEL | 934.7 | 960 |
| JUBLFOOD | 617.85 | 620 |
| KOTAKBANK | 1690.8 | 1760 |
| LALPATHLAB | 2943.35 | 3100 |
| LAURUSLABS | 479.65 | 490 |
| LICHSGFIN | 612.4 | 630 |
| LT | 3527.85 | 3600 |
| LTF | 136.26 | 140 |
| LTIM | 5946 | 6000 |
| LTTS | 5168.25 | 5200 |
| LUPIN | 2023.25 | 2100 |
| M&M | 2761.55 | 2850 |
| M&MFIN | 259 | 270 |
| MANAPPURAM | 159.78 | 157.5 |
| MARICO | 595.6 | 610 |
| MARUTI | 10963.5 | 11100 |
| MCX | 6057.4 | 6200 |
| METROPOLIS | 2038.6 | 2100 |
| MFSL | 1209.25 | 1200 |
| MGL | 1326.45 | 1400 |
| MOTHERSON | 162.67 | 170 |
| MPHASIS | 2872.45 | 2900 |
| MRF | 120771.1 | 120000 |
| MUTHOOTFIN | 1762.3 | 1800 |
| NATIONALUM | 225.04 | 225 |
| NAUKRI | 7579.75 | 7700 |
| NAVINFLUOR | 3281 | 3350 |
| NESTLEIND | 2231.85 | 2300 |
| NMDC | 225.75 | 225 |
| NTPC | 383.25 | 390 |
| OBEROIRLTY | 1948.6 | 1960 |
| OFSS | 11919.9 | 11500 |
| ONGC | 251.8 | 260 |
| PAGEIND | 45835.65 | 46000 |
| PEL | 1020.95 | 1020 |
| PERSISTENT | 5767.95 | 5600 |
| PETRONET | 316.5 | 328 |
| PFC | 464.2 | 460 |
| PIDILITIND | 2980 | 3100 |
| PIIND | 4098.6 | 4400 |
| PNB | 101.4 | 105 |
| POLYCAB | 6353.85 | 6500 |
| POWERGRID | 313.2 | 320 |
| PVRINOX | 1458.45 | 1480 |
| RAMCOCEM | 892.85 | 880 |
| RBLBANK | 153.7 | 160 |
| RECLTD | 508.95 | 520 |
| RELIANCE | 1259.5 | 1300 |
| SAIL | 112.68 | 115 |
| SBICARD | 686 | 680 |
| SBILIFE | 1554.95 | 1580 |
| SBIN | 812.2 | 830 |
| SHREECEM | 23827.3 | 24250 |
| SHRIRAMFIN | 2817.55 | 3000 |
| SIEMENS | 6631 | 6900 |
| SRF | 2197.85 | 2280 |
| SUNPHARMA | 1778.6 | 1820 |
| SUNTV | 724.95 | 730 |
| SYNGENE | 859 | 880 |
| TATACHEM | 1044.8 | 1100 |
| TATACOMM | 1757.4 | 1780 |
| TATACONSUM | 951.95 | 980 |
| TATAMOTORS | 785.4 | 810 |
| TATAPOWER | 403.7 | 420 |
| TATASTEEL | 139.21 | 147.5 |
| TCS | 4150.8 | 4150 |
| TECHM | 1684.2 | 1660 |
| TITAN | 3180.75 | 3200 |
| TORNTPHARM | 3113.4 | 3100 |
| TRENT | 6458 | 6600 |
| TVSMOTOR | 2378.65 | 2400 |
| UBL | 1867 | 1900 |
| ULTRACEMCO | 10578.75 | 11000 |
| UNITDSPR | 1431.3 | 1460 |
| UPL | 514.9 | 530 |
| VEDL | 433.65 | 460 |
| VOLTAS | 1707.05 | 1700 |
| WIPRO | 572.4 | 560 |
| ZYDUSLIFE | 971.3 | 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.
