PAGEIND
Page Industries Ltd
Max pain for PAGEIND
14 Nov 2024 09:23 AM IST
Max Pain for PAGEIND is 46000
Strike 42000 has a total call value of 0 versus a total put value of 5,952,750,000 Combined total value = 5,952,750,000
Strike 42500 has a total call value of 0 versus a total put value of 4,725,750,000 Combined total value = 4,725,750,000
Strike 43000 has a total call value of 0 versus a total put value of 3,498,750,000 Combined total value = 3,498,750,000
Strike 43500 has a total call value of 0 versus a total put value of 2,595,750,000 Combined total value = 2,595,750,000
Strike 44000 has a total call value of 0 versus a total put value of 1,739,250,000 Combined total value = 1,739,250,000
Strike 44500 has a total call value of 0 versus a total put value of 1,247,250,000 Combined total value = 1,247,250,000
Strike 45000 has a total call value of 0 versus a total put value of 755,250,000 Combined total value = 755,250,000
Strike 45500 has a total call value of 136,500,000 versus a total put value of 416,250,000 Combined total value = 552,750,000
Strike 46000 has a total call value of 327,000,000 versus a total put value of 77,250,000 Combined total value = 404,250,000
Strike 46500 has a total call value of 657,750,000 versus a total put value of 0 Combined total value = 657,750,000
Strike 47000 has a total call value of 1,114,500,000 versus a total put value of 0 Combined total value = 1,114,500,000
Strike 47500 has a total call value of 1,722,000,000 versus a total put value of 0 Combined total value = 1,722,000,000
Strike 48000 has a total call value of 2,491,500,000 versus a total put value of 0 Combined total value = 2,491,500,000
Strike 48500 has a total call value of 3,741,750,000 versus a total put value of 0 Combined total value = 3,741,750,000
Strike 49000 has a total call value of 5,129,250,000 versus a total put value of 0 Combined total value = 5,129,250,000
Strike 49500 has a total call value of 6,792,000,000 versus a total put value of 0 Combined total value = 6,792,000,000
Strike 50000 has a total call value of 8,454,750,000 versus a total put value of 0 Combined total value = 8,454,750,000
Strike 50500 has a total call value of 10,716,750,000 versus a total put value of 0 Combined total value = 10,716,750,000
Strike 51000 has a total call value of 13,013,250,000 versus a total put value of 0 Combined total value = 13,013,250,000
Strike 51500 has a total call value of 15,622,500,000 versus a total put value of 0 Combined total value = 15,622,500,000
Strike 52000 has a total call value of 18,231,750,000 versus a total put value of 0 Combined total value = 18,231,750,000
Strike 52500 has a total call value of 21,197,250,000 versus a total put value of 0 Combined total value = 21,197,250,000
Strike 53000 has a total call value of 24,162,750,000 versus a total put value of 0 Combined total value = 24,162,750,000
Strike 53500 has a total call value of 27,128,250,000 versus a total put value of 0 Combined total value = 27,128,250,000
Strike 54000 has a total call value of 30,093,750,000 versus a total put value of 0 Combined total value = 30,093,750,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 431.8 | 440 |
| ABB | 6707.15 | 7000 |
| ABBOTINDIA | 27823.9 | 28000 |
| ABCAPITAL | 188.03 | 190 |
| ABFRL | 292.8 | 270 |
| ACC | 2192.45 | 2100 |
| ADANIENT | 2830 | 2920 |
| ADANIPORTS | 1282.65 | 1340 |
| ALKEM | 5651.75 | 5500 |
| AMBUJACEM | 542.4 | 560 |
| APOLLOHOSP | 6869.65 | 7000 |
| APOLLOTYRE | 461.7 | 470 |
| ASHOKLEY | 215.6 | 220 |
| ASIANPAINT | 2495 | 2520 |
| ASTRAL | 1720.25 | 1760 |
| ATUL | 7259.75 | 7400 |
| AUBANK | 569.1 | 580 |
| AUROPHARMA | 1270.25 | 1300 |
| AXISBANK | 1133 | 1090 |
| BAJAJ-AUTO | 9485.05 | 9700 |
| BAJAJFINSV | 1662.65 | 1700 |
| BAJFINANCE | 6582.2 | 6800 |
| BALKRISIND | 2725 | 2750 |
| BANDHANBNK | 166.09 | 172.5 |
| BANKBARODA | 244.55 | 225 |
| BATAINDIA | 1322.9 | 1320 |
| BEL | 278.45 | 290 |
| BERGEPAINT | 488.95 | 490 |
| BHARATFORG | 1333.4 | 1380 |
| BHARTIARTL | 1547.35 | 1580 |
| BHEL | 222.11 | 235 |
| BIOCON | 336.75 | 335 |
| BOSCHLTD | 33526.5 | 34000 |
| BPCL | 299.75 | 310 |
| BRITANNIA | 5025.55 | 5100 |
| BSOFT | 553.5 | 560 |
| CANBK | 99.47 | 102 |
| CANFINHOME | 815.3 | 840 |
| CHAMBLFERT | 460.5 | 480 |
| CHOLAFIN | 1192.5 | 1260 |
| CIPLA | 1510 | 1540 |
| COALINDIA | 409.65 | 424.25 |
| COFORGE | 8124.55 | 8000 |
| COLPAL | 2769.15 | 2850 |
| CONCOR | 781.5 | 810 |
| COROMANDEL | 1673.05 | 1700 |
| CROMPTON | 383.05 | 400 |
| CUB | 172.31 | 175 |
| CUMMINSIND | 3298.5 | 3400 |
| DABUR | 511.45 | 530 |
| DALBHARAT | 1711.8 | 1800 |
| DEEPAKNTR | 2503.05 | 2600 |
| DIVISLAB | 5789.7 | 5900 |
| DIXON | 14804.85 | 14500 |
| DLF | 757.2 | 780 |
| DRREDDY | 1248.8 | 1260 |
| EICHERMOT | 4887.05 | 4500 |
| ESCORTS | 3497 | 3600 |
| EXIDEIND | 417.95 | 440 |
| FEDERALBNK | 199.89 | 202.5 |
| GAIL | 190.22 | 195 |
| GLENMARK | 1556.1 | 1600 |
| GMRINFRA | 76.2 | 80 |
| GNFC | 545.4 | 560 |
| GODREJCP | 1189.4 | 1400 |
| GODREJPROP | 2583.25 | 3500 |
| GRANULES | 538.45 | 490 |
| GRASIM | 2498.3 | 2500 |
| GUJGASLTD | 493.6 | 510 |
| HAL | 4017 | 4300 |
| HAVELLS | 1609 | 1640 |
| HCLTECH | 1887.7 | 1560 |
| HDFCAMC | 4312.55 | 4550 |
| HDFCBANK | 1690.1 | 1720 |
| HDFCLIFE | 687.95 | 700 |
| HEROMOTOCO | 4500.5 | 4700 |
| HINDALCO | 631.35 | 650 |
| HINDCOPPER | 263.3 | 290 |
| HINDPETRO | 365.85 | 380 |
| HINDUNILVR | 2453.8 | 3000 |
| ICICIBANK | 1252.5 | 1260 |
| ICICIGI | 1864 | 1900 |
| ICICIPRULI | 691.95 | 710 |
| IDEA | 7.38 | 9 |
| IDFCFIRSTB | 64.23 | 65 |
| IEX | 162.78 | 140 |
| IGL | 416.45 | 420 |
| INDHOTEL | 710.55 | 710 |
| INDIAMART | 2311.35 | 2300 |
| INDIGO | 3842.1 | 3950 |
| INDUSINDBK | 1041.7 | 1060 |
| INDUSTOWER | 318 | 430 |
| INFY | 1867.95 | 1820 |
| IOC | 134.36 | 140 |
| IPCALAB | 1516.4 | 1520 |
| IRCTC | 799.05 | 820 |
| ITC | 471.95 | 420 |
| JINDALSTEL | 865 | 900 |
| JKCEMENT | 3953.3 | 4100 |
| JSWSTEEL | 934.65 | 960 |
| JUBLFOOD | 619.85 | 620 |
| KOTAKBANK | 1692.85 | 1760 |
| LALPATHLAB | 2965 | 3100 |
| LAURUSLABS | 482 | 490 |
| LICHSGFIN | 612.4 | 530 |
| LT | 3539.1 | 3600 |
| LTF | 135.69 | 125 |
| LTIM | 5966 | 6000 |
| LTTS | 5183 | 5200 |
| LUPIN | 2044.7 | 2100 |
| M&M | 2775 | 2850 |
| M&MFIN | 258.5 | 270 |
| MANAPPURAM | 160.28 | 155 |
| MARICO | 597.95 | 610 |
| MARUTI | 10995.6 | 11100 |
| MCX | 6057.05 | 6200 |
| METROPOLIS | 2051.3 | 2100 |
| MFSL | 1209.4 | 1360 |
| MGL | 1332.15 | 1400 |
| MOTHERSON | 162.9 | 170 |
| MPHASIS | 2873.45 | 2900 |
| MRF | 120799.85 | 120000 |
| MUTHOOTFIN | 1769.25 | 1800 |
| NATIONALUM | 224.81 | 225 |
| NAUKRI | 7607.5 | 7200 |
| NAVINFLUOR | 3273.6 | 3350 |
| NESTLEIND | 2237.35 | 2260 |
| NMDC | 225.49 | 225 |
| NTPC | 381.9 | 390 |
| OBEROIRLTY | 1946.8 | 1960 |
| OFSS | 11899.55 | 10500 |
| ONGC | 251.85 | 260 |
| PAGEIND | 45816.5 | 46000 |
| PEL | 1022.4 | 920 |
| PERSISTENT | 5778.3 | 5600 |
| PETRONET | 315.9 | 328 |
| PFC | 459.75 | 460 |
| PIDILITIND | 2988.25 | 2920 |
| PIIND | 4078.95 | 4400 |
| PNB | 101.61 | 105 |
| POLYCAB | 6335.5 | 6500 |
| POWERGRID | 312.3 | 320 |
| PVRINOX | 1459.65 | 1360 |
| RAMCOCEM | 889.05 | 880 |
| RBLBANK | 153.26 | 160 |
| RECLTD | 504.15 | 430 |
| RELIANCE | 1257.45 | 1300 |
| SAIL | 112.44 | 115 |
| SBICARD | 683.45 | 680 |
| SBILIFE | 1553 | 1580 |
| SBIN | 811.25 | 830 |
| SHREECEM | 23714.4 | 24250 |
| SHRIRAMFIN | 2832.35 | 2650 |
| SIEMENS | 6597.45 | 6900 |
| SRF | 2203.2 | 2280 |
| SUNPHARMA | 1791.75 | 1820 |
| SUNTV | 725.85 | 730 |
| SYNGENE | 861.65 | 880 |
| TATACHEM | 1045.05 | 1100 |
| TATACOMM | 1753.05 | 1780 |
| TATACONSUM | 950.05 | 980 |
| TATAMOTORS | 786.95 | 810 |
| TATAPOWER | 401.95 | 420 |
| TATASTEEL | 139.46 | 147.5 |
| TCS | 4154.2 | 4150 |
| TECHM | 1687.75 | 1660 |
| TITAN | 3179.85 | 3200 |
| TORNTPHARM | 3128.35 | 3100 |
| TRENT | 6444.55 | 6600 |
| TVSMOTOR | 2379.35 | 2450 |
| UBL | 1869.9 | 2000 |
| ULTRACEMCO | 10558.25 | 11000 |
| UNITDSPR | 1433.4 | 1300 |
| UPL | 510.5 | 530 |
| VEDL | 433.6 | 460 |
| VOLTAS | 1702.9 | 1700 |
| WIPRO | 573 | 560 |
| ZYDUSLIFE | 973.95 | 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.
