PATANJALI

Patanjali Foods Limited

542.95 +14.20 (2.69%)

L: 522.65 H: 545.5

Max Pain - PATANJALI

05 Dec 2025 02:03 PM IST

Live

Expiry

Max Pain for PATANJALI is 550

Historical data for PATANJALI-550-CE

LTP (550 CE)

10.4 4.1

Open Interest

566 179

Historical data for PATANJALI-550-PE

LTP (550 PE)

14.95 -10.8

Open Interest

368 49

Strike 470 has a total call value of 0 versus a total put value of 17,581,950,000 Combined total value = 17,581,950,000

Strike 475 has a total call value of 0 versus a total put value of 16,274,700,000 Combined total value = 16,274,700,000

Strike 480 has a total call value of 0 versus a total put value of 14,967,450,000 Combined total value = 14,967,450,000

Strike 485 has a total call value of 0 versus a total put value of 13,666,950,000 Combined total value = 13,666,950,000

Strike 490 has a total call value of 0 versus a total put value of 12,366,450,000 Combined total value = 12,366,450,000

Strike 495 has a total call value of 0 versus a total put value of 11,104,200,000 Combined total value = 11,104,200,000

Strike 500 has a total call value of 0 versus a total put value of 9,865,350,000 Combined total value = 9,865,350,000

Strike 505 has a total call value of 5,850,000 versus a total put value of 8,738,550,000 Combined total value = 8,744,400,000

Strike 510 has a total call value of 11,700,000 versus a total put value of 7,644,600,000 Combined total value = 7,656,300,000

Strike 515 has a total call value of 17,550,000 versus a total put value of 6,694,200,000 Combined total value = 6,711,750,000

Strike 520 has a total call value of 31,050,000 versus a total put value of 5,757,300,000 Combined total value = 5,788,350,000

Strike 525 has a total call value of 62,550,000 versus a total put value of 4,894,650,000 Combined total value = 4,957,200,000

Strike 530 has a total call value of 105,750,000 versus a total put value of 4,072,500,000 Combined total value = 4,178,250,000

Strike 535 has a total call value of 217,350,000 versus a total put value of 3,334,500,000 Combined total value = 3,551,850,000

Strike 540 has a total call value of 370,350,000 versus a total put value of 2,653,650,000 Combined total value = 3,024,000,000

Strike 545 has a total call value of 718,200,000 versus a total put value of 2,108,700,000 Combined total value = 2,826,900,000

Strike 550 has a total call value of 1,153,350,000 versus a total put value of 1,634,850,000 Combined total value = 2,788,200,000

Strike 555 has a total call value of 1,843,200,000 versus a total put value of 1,326,600,000 Combined total value = 3,169,800,000

Strike 560 has a total call value of 2,611,800,000 versus a total put value of 1,057,500,000 Combined total value = 3,669,300,000

Strike 565 has a total call value of 3,596,400,000 versus a total put value of 874,350,000 Combined total value = 4,470,750,000

Strike 570 has a total call value of 4,689,000,000 versus a total put value of 717,300,000 Combined total value = 5,406,300,000

Strike 575 has a total call value of 6,062,400,000 versus a total put value of 560,250,000 Combined total value = 6,622,650,000

Strike 580 has a total call value of 7,502,850,000 versus a total put value of 403,200,000 Combined total value = 7,906,050,000

Strike 585 has a total call value of 9,288,900,000 versus a total put value of 291,600,000 Combined total value = 9,580,500,000

Strike 590 has a total call value of 11,107,800,000 versus a total put value of 180,000,000 Combined total value = 11,287,800,000

Strike 595 has a total call value of 13,074,300,000 versus a total put value of 103,500,000 Combined total value = 13,177,800,000

Strike 600 has a total call value of 15,049,800,000 versus a total put value of 27,000,000 Combined total value = 15,076,800,000

Strike 605 has a total call value of 17,413,650,000 versus a total put value of 25,650,000 Combined total value = 17,439,300,000

Strike 610 has a total call value of 19,785,150,000 versus a total put value of 24,300,000 Combined total value = 19,809,450,000

Strike 615 has a total call value of 22,423,500,000 versus a total put value of 22,950,000 Combined total value = 22,446,450,000

Strike 620 has a total call value of 25,061,850,000 versus a total put value of 21,600,000 Combined total value = 25,083,450,000

Strike 625 has a total call value of 27,780,750,000 versus a total put value of 20,250,000 Combined total value = 27,801,000,000

Strike 630 has a total call value of 30,501,450,000 versus a total put value of 18,900,000 Combined total value = 30,520,350,000

Strike 635 has a total call value of 33,243,300,000 versus a total put value of 17,550,000 Combined total value = 33,260,850,000

Strike 640 has a total call value of 35,985,150,000 versus a total put value of 16,200,000 Combined total value = 36,001,350,000

Strike 645 has a total call value of 38,727,000,000 versus a total put value of 14,850,000 Combined total value = 38,741,850,000

Strike 650 has a total call value of 41,468,850,000 versus a total put value of 13,500,000 Combined total value = 41,482,350,000

Strike 655 has a total call value of 44,224,650,000 versus a total put value of 12,150,000 Combined total value = 44,236,800,000

Strike 660 has a total call value of 46,980,450,000 versus a total put value of 10,800,000 Combined total value = 46,991,250,000

Strike 665 has a total call value of 49,756,500,000 versus a total put value of 9,450,000 Combined total value = 49,765,950,000

Strike 670 has a total call value of 52,534,350,000 versus a total put value of 8,100,000 Combined total value = 52,542,450,000

Strike 675 has a total call value of 55,312,200,000 versus a total put value of 6,750,000 Combined total value = 55,318,950,000

Strike 680 has a total call value of 58,090,050,000 versus a total put value of 5,400,000 Combined total value = 58,095,450,000

Strike 685 has a total call value of 60,867,900,000 versus a total put value of 4,050,000 Combined total value = 60,871,950,000

Strike 690 has a total call value of 63,645,750,000 versus a total put value of 2,700,000 Combined total value = 63,648,450,000

Strike 695 has a total call value of 66,423,600,000 versus a total put value of 1,350,000 Combined total value = 66,424,950,000

Strike 700 has a total call value of 69,201,450,000 versus a total put value of 0 Combined total value = 69,201,450,000

Max-Pain Table for Stocks

Max-Pain Table Expiry

Note:- click on symbol to see more detailed view

Max Pain Table (Stocks)
Symbol	Symbol Ltp	Max Pain
360ONE	1148	1140
ABB	5160	5150
ABCAPITAL	359	350
ADANIENSOL	974.15	980
ADANIENT	2261.7	2300
ADANIGREEN	1016.9	1020
ADANIPORTS	1513.3	1500
ALKEM	5680	5700
AMBER	6535	6600
AMBUJACEM	534.05	550
ANGELONE	2637.6	2650
APLAPOLLO	1772.5	1760
APOLLOHOSP	7192.5	7350
ASHOKLEY	160.41	157
ASIANPAINT	2965	2920
ASTRAL	1458.6	1460
AUBANK	956.85	940
AUROPHARMA	1215.7	1220
AXISBANK	1280.3	1280
BAJAJ-AUTO	9091	9100
BAJAJFINSV	2100.8	2080
BAJFINANCE	1054.3	1030
BANDHANBNK	140.99	150
BANKBARODA	292.45	290
BANKINDIA	142.53	145
BDL	1519	1520
BEL	408	410
BHARATFORG	1402.2	1400
BHARTIARTL	2100	2100
BHEL	278.1	285
BIOCON	391.15	395
BLUESTARCO	1727.2	1760
BOSCHLTD	36860	36500
BPCL	361.4	362.5
BRITANNIA	5937	5850
BSE	2816.2	2800
CAMS	773	780
CANBK	148.65	150
CDSL	1547	1580
CGPOWER	660.75	680
CHOLAFIN	1720.1	1700
CIPLA	1525.2	1530
COALINDIA	379.65	380
COFORGE	1983.4	1860
COLPAL	2159.9	2180
CONCOR	512.75	520
CROMPTON	260.35	270
CUMMINSIND	4460.4	4500
CYIENT	1173.1	1160
DABUR	509.35	515
DALBHARAT	1991.2	2000
DELHIVERY	407.25	420
DIVISLAB	6460.5	6450
DIXON	13854	14500
DLF	719	730
DMART	3945.7	4000
DRREDDY	1274.4	1270
EICHERMOT	7169.5	7100
ETERNAL	293.9	305
EXIDEIND	378.55	380
FEDERALBNK	259	255
FORTIS	890	910
GAIL	170.11	175
GLENMARK	1975	1940
GMRAIRPORT	103.29	102
GODREJCP	1132.7	1140
GODREJPROP	2082.8	2100
GRASIM	2741.6	2760
HAL	4465.7	4500
HAVELLS	1427.8	1440
HCLTECH	1683.5	1640
HDFCAMC	2577.3	2650
HDFCBANK	1002.3	1000
HDFCLIFE	769.7	770
HEROMOTOCO	6336	6200
HFCL	68.99	70
HINDALCO	826.8	800
HINDPETRO	451.3	455
HINDUNILVR	2325	2360
HINDZINC	499.45	490
HUDCO	222.7	230
ICICIBANK	1389	1380
ICICIGI	1977.5	2000
ICICIPRULI	623.8	620
IDEA	10.8	10
IDFCFIRSTB	80.94	80
IEX	145.67	145
IIFL	568.95	570
INDHOTEL	730.6	740
INDIANB	809.2	830
INDIGO	5410.5	5500
INDUSINDBK	870.5	860
INDUSTOWER	414.8	410
INFY	1614.3	1600
INOXWIND	129.5	137.5
IOC	163.35	164
IRCTC	674.35	690
IREDA	133.39	140
IRFC	114.16	117
ITC	404.6	405
JINDALSTEL	1008.9	1030
JIOFIN	302.9	305
JSWENERGY	454.2	480
JSWSTEEL	1158.3	1150
JUBLFOOD	594.15	600
KALYANKJIL	490.6	490
KAYNES	4559.5	5000
KEI	4158	4150
KFINTECH	1071.4	1080
KOTAKBANK	2157.5	2120
KPITTECH	1268.5	1240
LAURUSLABS	1026	1000
LICHSGFIN	542.15	555
LICI	868.45	900
LODHA	1106.5	1140
LT	4033.3	4020
LTF	307.5	302.5
LTIM	6294.5	6200
LUPIN	2101	2080
M&M	3711	3700
MANAPPURAM	277.85	280
MANKIND	2205.1	2250
MARICO	733.2	730
MARUTI	16207	16100
MAXHEALTH	1097.4	1120
MAZDOCK	2619.6	2700
MCX	10309	10100
MFSL	1687.5	1700
MOTHERSON	117.34	115
MPHASIS	2947.3	2900
MUTHOOTFIN	3787	3700
NATIONALUM	274.2	265
NAUKRI	1389.1	1380
NBCC	111.9	115
NCC	168.4	172.5
NESTLEIND	1242.6	1260
NHPC	76.98	78
NMDC	76.24	76
NTPC	323.55	325
NUVAMA	7150	7200
NYKAA	254.35	260
OBEROIRLTY	1659.9	1660
OFSS	8211.5	8200
OIL	410.55	415
ONGC	242.01	244
PAGEIND	37495	38000
PATANJALI	542.95	550
PAYTM	1351.1	1320
PERSISTENT	6516	6400
PETRONET	275.05	280
PFC	352.75	365
PGEL	561.75	580
PHOENIXLTD	1732.9	1740
PIDILITIND	1473.7	1480
PIIND	3411.3	3450
PNB	121.17	122
PNBHOUSING	902.6	900
POLICYBZR	1878.6	1860
POLYCAB	7227	7400
POWERGRID	270	275
POWERINDIA	19330	20500
PPLPHARMA	179.85	185
PRESTIGE	1689.7	1680
RBLBANK	305.7	310
RECLTD	353.15	360
RELIANCE	1536.5	1540
RVNL	311.05	315
SAIL	133	135
SAMMAANCAP	148.71	170
SBICARD	883.4	880
SBILIFE	2026.8	2020
SBIN	964.95	970
SHREECEM	26250	26500
SHRIRAMFIN	854.85	840
SIEMENS	3310.2	3300
SOLARINDS	12829	13500
SONACOMS	493.75	500
SRF	2877.3	2900
SUNPHARMA	1806.9	1800
SUPREMEIND	3365	3450
SUZLON	51.28	54
SYNGENE	638.15	640
TATACONSUM	1161.1	1170
TATAELXSI	5245	5300
TATAMOTORS	0	320
TATAPOWER	384.8	390
TATASTEEL	167.35	170
TATATECH	667.4	680
TCS	3235.6	3200
TECHM	1576.3	1520
TIINDIA	2669.1	2800
TITAGARH	795	820
TITAN	3818.8	3860
TMPV	354.65	360
TORNTPHARM	3794.5	3750
TORNTPOWER	1285.6	1300
TRENT	4184.6	4300
TVSMOTOR	3654.7	3600
ULTRACEMCO	11600	11700
UNIONBANK	152.71	155
UNITDSPR	1454.9	1440
UNOMINDA	1276.2	1300
UPL	756.65	760
VBL	479.1	470
VEDL	529.15	520
VOLTAS	1324.5	1360
WIPRO	259.7	255
YESBANK	22.56	23
ZYDUSLIFE	933.95	940

Note:

Stock LTP > Max Pain	Bearish Trend
Stock LTP < Max Pain	Bullish Trend

Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

For each strike price: Calculate the difference between the current stock price and the strike price.
Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
Sum the values: Add together the dollar value for put options and call options at each strike price.
Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.

Related Pages for PATANJALI

PATANJALI

360ONE

ABB

ABCAPITAL

ADANIENSOL

ADANIENT

ADANIGREEN

ADANIPORTS

ALKEM

AMBER

AMBUJACEM

ANGELONE

APLAPOLLO

APOLLOHOSP

ASHOKLEY

ASIANPAINT

ASTRAL

AUBANK

AUROPHARMA

AXISBANK

BAJAJ-AUTO

BAJAJFINSV

BAJFINANCE

BANDHANBNK

BANKBARODA

BANKEX

BANKINDIA

BANKNIFTY

BDL

BEL

BHARATFORG

BHARTIARTL

BHEL

BIOCON

BLUESTARCO

BOSCHLTD

BPCL

BRITANNIA

BSE

CAMS

CANBK

CDSL

CGPOWER

CHOLAFIN

CIPLA

COALINDIA

COFORGE

COLPAL

CONCOR

COPPER

CROMPTON

CRUDEOIL

CRUDEOILM

CUMMINSIND

CYIENT

DABUR

DALBHARAT

DELHIVERY

DIVISLAB

DIXON

DLF

DMART

DRREDDY

EICHERMOT

ETERNAL

EURINR

EURUSD

EXIDEIND

FEDERALBNK

FINNIFTY

FORTIS

GAIL

GBPINR

GBPUSD

GLENMARK

GMRAIRPORT

GODREJCP

GODREJPROP

GOLD