PETRONET
Petronet Lng Limited
Max pain for PETRONET
12 Nov 2024 04:11 PM IST
Max Pain for PETRONET is 333
Strike 283 has a total call value of 0 versus a total put value of 31,560,900,000 Combined total value = 31,560,900,000
Strike 285 has a total call value of 0 versus a total put value of 29,524,200,000 Combined total value = 29,524,200,000
Strike 288 has a total call value of 0 versus a total put value of 26,469,150,000 Combined total value = 26,469,150,000
Strike 290 has a total call value of 0 versus a total put value of 24,432,450,000 Combined total value = 24,432,450,000
Strike 293 has a total call value of 0 versus a total put value of 21,493,950,000 Combined total value = 21,493,950,000
Strike 295 has a total call value of 0 versus a total put value of 19,777,050,000 Combined total value = 19,777,050,000
Strike 298 has a total call value of 0 versus a total put value of 17,201,700,000 Combined total value = 17,201,700,000
Strike 300 has a total call value of 0 versus a total put value of 15,564,900,000 Combined total value = 15,564,900,000
Strike 303 has a total call value of 0 versus a total put value of 13,122,750,000 Combined total value = 13,122,750,000
Strike 305 has a total call value of 0 versus a total put value of 11,872,650,000 Combined total value = 11,872,650,000
Strike 308 has a total call value of 0 versus a total put value of 10,023,600,000 Combined total value = 10,023,600,000
Strike 310 has a total call value of 0 versus a total put value of 8,869,500,000 Combined total value = 8,869,500,000
Strike 313 has a total call value of 0 versus a total put value of 7,180,200,000 Combined total value = 7,180,200,000
Strike 315 has a total call value of 9,000,000 versus a total put value of 6,279,600,000 Combined total value = 6,288,600,000
Strike 318 has a total call value of 22,500,000 versus a total put value of 4,945,800,000 Combined total value = 4,968,300,000
Strike 320 has a total call value of 45,900,000 versus a total put value of 4,095,000,000 Combined total value = 4,140,900,000
Strike 323 has a total call value of 97,650,000 versus a total put value of 2,890,350,000 Combined total value = 2,988,000,000
Strike 325 has a total call value of 214,350,000 versus a total put value of 2,310,450,000 Combined total value = 2,524,800,000
Strike 328 has a total call value of 430,800,000 versus a total put value of 1,461,300,000 Combined total value = 1,892,100,000
Strike 330 has a total call value of 684,000,000 versus a total put value of 1,041,900,000 Combined total value = 1,725,900,000
Strike 333 has a total call value of 1,141,200,000 versus a total put value of 426,300,000 Combined total value = 1,567,500,000
Strike 335 has a total call value of 1,630,800,000 versus a total put value of 308,400,000 Combined total value = 1,939,200,000
Strike 338 has a total call value of 2,382,750,000 versus a total put value of 145,050,000 Combined total value = 2,527,800,000
Strike 340 has a total call value of 3,034,350,000 versus a total put value of 86,850,000 Combined total value = 3,121,200,000
Strike 343 has a total call value of 4,045,950,000 versus a total put value of 0 Combined total value = 4,045,950,000
Strike 345 has a total call value of 5,128,650,000 versus a total put value of 0 Combined total value = 5,128,650,000
Strike 348 has a total call value of 6,789,600,000 versus a total put value of 0 Combined total value = 6,789,600,000
Strike 350 has a total call value of 8,016,900,000 versus a total put value of 0 Combined total value = 8,016,900,000
Strike 353 has a total call value of 9,881,250,000 versus a total put value of 0 Combined total value = 9,881,250,000
Strike 355 has a total call value of 11,242,050,000 versus a total put value of 0 Combined total value = 11,242,050,000
Strike 358 has a total call value of 13,283,250,000 versus a total put value of 0 Combined total value = 13,283,250,000
Strike 360 has a total call value of 14,705,850,000 versus a total put value of 0 Combined total value = 14,705,850,000
Strike 363 has a total call value of 16,839,750,000 versus a total put value of 0 Combined total value = 16,839,750,000
Strike 365 has a total call value of 18,380,550,000 versus a total put value of 0 Combined total value = 18,380,550,000
Strike 368 has a total call value of 20,691,750,000 versus a total put value of 0 Combined total value = 20,691,750,000
Strike 370 has a total call value of 22,232,550,000 versus a total put value of 0 Combined total value = 22,232,550,000
Strike 373 has a total call value of 24,543,750,000 versus a total put value of 0 Combined total value = 24,543,750,000
Strike 375 has a total call value of 26,155,350,000 versus a total put value of 0 Combined total value = 26,155,350,000
Strike 378 has a total call value of 28,572,750,000 versus a total put value of 0 Combined total value = 28,572,750,000
Strike 380 has a total call value of 30,184,350,000 versus a total put value of 0 Combined total value = 30,184,350,000
Strike 383 has a total call value of 32,601,750,000 versus a total put value of 0 Combined total value = 32,601,750,000
Strike 385 has a total call value of 34,221,450,000 versus a total put value of 0 Combined total value = 34,221,450,000
Strike 388 has a total call value of 36,651,000,000 versus a total put value of 0 Combined total value = 36,651,000,000
Strike 390 has a total call value of 38,270,700,000 versus a total put value of 0 Combined total value = 38,270,700,000
Strike 393 has a total call value of 40,700,250,000 versus a total put value of 0 Combined total value = 40,700,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
