PFC
Power Fin Corp Ltd.
Max pain for PFC
21 Nov 2024 02:32 PM IST
Max Pain for PFC is 460
Strike 360 has a total call value of 0 versus a total put value of 160,505,800,000 Combined total value = 160,505,800,000
Strike 370 has a total call value of 3,900,000 versus a total put value of 141,572,600,000 Combined total value = 141,576,500,000
Strike 380 has a total call value of 7,800,000 versus a total put value of 122,639,400,000 Combined total value = 122,647,200,000
Strike 390 has a total call value of 50,700,000 versus a total put value of 104,287,300,000 Combined total value = 104,338,000,000
Strike 400 has a total call value of 93,600,000 versus a total put value of 86,347,300,000 Combined total value = 86,440,900,000
Strike 410 has a total call value of 315,900,000 versus a total put value of 69,960,800,000 Combined total value = 70,276,700,000
Strike 420 has a total call value of 726,700,000 versus a total put value of 54,341,300,000 Combined total value = 55,068,000,000
Strike 430 has a total call value of 1,428,700,000 versus a total put value of 40,609,400,000 Combined total value = 42,038,100,000
Strike 440 has a total call value of 2,506,400,000 versus a total put value of 28,854,800,000 Combined total value = 31,361,200,000
Strike 450 has a total call value of 4,676,100,000 versus a total put value of 20,101,900,000 Combined total value = 24,778,000,000
Strike 460 has a total call value of 8,999,900,000 versus a total put value of 13,724,100,000 Combined total value = 22,724,000,000
Strike 470 has a total call value of 16,880,500,000 versus a total put value of 9,304,100,000 Combined total value = 26,184,600,000
Strike 480 has a total call value of 28,410,200,000 versus a total put value of 6,142,500,000 Combined total value = 34,552,700,000
Strike 490 has a total call value of 43,527,900,000 versus a total put value of 3,825,900,000 Combined total value = 47,353,800,000
Strike 500 has a total call value of 61,392,500,000 versus a total put value of 1,944,800,000 Combined total value = 63,337,300,000
Strike 510 has a total call value of 82,524,000,000 versus a total put value of 1,193,400,000 Combined total value = 83,717,400,000
Strike 520 has a total call value of 105,025,700,000 versus a total put value of 657,800,000 Combined total value = 105,683,500,000
Strike 530 has a total call value of 128,763,700,000 versus a total put value of 257,400,000 Combined total value = 129,021,100,000
Strike 540 has a total call value of 153,003,500,000 versus a total put value of 0 Combined total value = 153,003,500,000
Strike 550 has a total call value of 178,066,200,000 versus a total put value of 0 Combined total value = 178,066,200,000
Strike 560 has a total call value of 203,128,900,000 versus a total put value of 0 Combined total value = 203,128,900,000
Strike 570 has a total call value of 228,922,200,000 versus a total put value of 0 Combined total value = 228,922,200,000
Strike 580 has a total call value of 254,715,500,000 versus a total put value of 0 Combined total value = 254,715,500,000
Strike 590 has a total call value of 280,632,300,000 versus a total put value of 0 Combined total value = 280,632,300,000
Strike 600 has a total call value of 306,549,100,000 versus a total put value of 0 Combined total value = 306,549,100,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.65 | 470 |
| ABB | 6757.85 | 7000 |
| ABBOTINDIA | 27021.95 | 28000 |
| ABCAPITAL | 183.68 | 200 |
| ABFRL | 284.8 | 300 |
| ACC | 2032.6 | 2220 |
| ADANIENT | 2268.4 | 2600 |
| ADANIPORTS | 1135.15 | 1200 |
| ALKEM | 5592.25 | 5500 |
| AMBUJACEM | 491.45 | 540 |
| APOLLOHOSP | 6728.75 | 6900 |
| APOLLOTYRE | 481.8 | 480 |
| ASHOKLEY | 217.54 | 220 |
| ASIANPAINT | 2430.55 | 2540 |
| ASTRAL | 1713.85 | 1780 |
| ATUL | 7240.85 | 7500 |
| AUBANK | 593.05 | 590 |
| AUROPHARMA | 1219.8 | 1300 |
| AXISBANK | 1138.6 | 1150 |
| BAJAJ-AUTO | 9484.15 | 9700 |
| BAJAJFINSV | 1567 | 1620 |
| BAJFINANCE | 6469.4 | 6700 |
| BALKRISIND | 2736.4 | 2800 |
| BANDHANBNK | 166.3 | 180 |
| BANKBARODA | 228.85 | 240 |
| BATAINDIA | 1280.35 | 1310 |
| BEL | 274.3 | 285 |
| BERGEPAINT | 464.85 | 495 |
| BHARATFORG | 1295.15 | 1340 |
| BHARTIARTL | 1521.05 | 1540 |
| BHEL | 227.95 | 235 |
| BIOCON | 323.95 | 330 |
| BOSCHLTD | 34067.65 | 34000 |
| BPCL | 281.8 | 300 |
| BRITANNIA | 4775.25 | 5000 |
| BSOFT | 545.85 | 560 |
| CANBK | 94.7 | 100 |
| CANFINHOME | 820.75 | 830 |
| CHAMBLFERT | 455.65 | 480 |
| CHOLAFIN | 1206.15 | 1240 |
| CIPLA | 1461.95 | 1520 |
| COALINDIA | 404.9 | 425 |
| COFORGE | 8203.95 | 8000 |
| COLPAL | 2688.6 | 2800 |
| CONCOR | 768.45 | 810 |
| COROMANDEL | 1772.9 | 1720 |
| CROMPTON | 381.35 | 390 |
| CUB | 170.37 | 175 |
| CUMMINSIND | 3289.3 | 3400 |
| DABUR | 505.05 | 525 |
| DALBHARAT | 1773.45 | 1760 |
| DEEPAKNTR | 2615.8 | 2650 |
| DIVISLAB | 5952.8 | 5900 |
| DIXON | 14992 | 14750 |
| DLF | 776.35 | 780 |
| DRREDDY | 1193.35 | 1220 |
| EICHERMOT | 4891.5 | 4900 |
| ESCORTS | 3452 | 3600 |
| EXIDEIND | 415.15 | 440 |
| FEDERALBNK | 210.19 | 205 |
| GAIL | 187.9 | 197.5 |
| GLENMARK | 1463.35 | 1520 |
| GMRINFRA | 76.93 | 82 |
| GNFC | 555.35 | 570 |
| GODREJCP | 1180.45 | 1200 |
| GODREJPROP | 2699.15 | 2750 |
| GRANULES | 544.5 | 570 |
| GRASIM | 2545 | 2540 |
| GUJGASLTD | 453 | 480 |
| HAL | 3985.9 | 4200 |
| HAVELLS | 1632.35 | 1640 |
| HCLTECH | 1831.65 | 1820 |
| HDFCAMC | 4217.75 | 4300 |
| HDFCBANK | 1740 | 1740 |
| HDFCLIFE | 673.4 | 680 |
| HEROMOTOCO | 4758.85 | 4800 |
| HINDALCO | 645.7 | 650 |
| HINDCOPPER | 261.9 | 290 |
| HINDPETRO | 358.8 | 375 |
| HINDUNILVR | 2384.8 | 2480 |
| ICICIBANK | 1249.7 | 1260 |
| ICICIGI | 1813 | 1880 |
| ICICIPRULI | 679.1 | 690 |
| IDEA | 6.93 | 8 |
| IDFCFIRSTB | 63.06 | 66 |
| IEX | 161.2 | 170 |
| IGL | 311.95 | 330 |
| INDHOTEL | 786.3 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4059.7 | 4000 |
| INDUSINDBK | 974.5 | 1040 |
| INDUSTOWER | 328.7 | 340 |
| INFY | 1835.15 | 1800 |
| IOC | 130.75 | 140 |
| IPCALAB | 1569.2 | 1560 |
| IRCTC | 794.5 | 820 |
| ITC | 456.1 | 475 |
| JINDALSTEL | 870.85 | 900 |
| JKCEMENT | 4004.1 | 4000 |
| JSWSTEEL | 940.95 | 960 |
| JUBLFOOD | 610.35 | 620 |
| KOTAKBANK | 1734.4 | 1760 |
| LALPATHLAB | 3029.65 | 3100 |
| LAURUSLABS | 488.75 | 490 |
| LICHSGFIN | 610.6 | 630 |
| LT | 3486.3 | 3600 |
| LTF | 137.63 | 140 |
| LTIM | 5928.7 | 5900 |
| LTTS | 5174.7 | 5150 |
| LUPIN | 2038.2 | 2100 |
| M&M | 2938.45 | 2900 |
| M&MFIN | 256.8 | 265 |
| MANAPPURAM | 150.5 | 155 |
| MARICO | 590.9 | 600 |
| MARUTI | 10869.4 | 11000 |
| MCX | 6160 | 6200 |
| METROPOLIS | 2010.9 | 2060 |
| MFSL | 1173.15 | 1200 |
| MGL | 1115.95 | 1160 |
| MOTHERSON | 161.52 | 175 |
| MPHASIS | 2784.6 | 2850 |
| MRF | 123240.95 | 122500 |
| MUTHOOTFIN | 1902.4 | 1880 |
| NATIONALUM | 245.7 | 240 |
| NAUKRI | 7543.05 | 7700 |
| NAVINFLUOR | 3260 | 3400 |
| NESTLEIND | 2202.1 | 2280 |
| NMDC | 217.89 | 225 |
| NTPC | 355.15 | 370 |
| OBEROIRLTY | 1925.55 | 1960 |
| OFSS | 11140 | 11500 |
| ONGC | 241.75 | 250 |
| PAGEIND | 44442.55 | 45500 |
| PEL | 1054.35 | 1060 |
| PERSISTENT | 5732.05 | 5600 |
| PETRONET | 320.4 | 328 |
| PFC | 453.2 | 460 |
| PIDILITIND | 2937.4 | 3060 |
| PIIND | 4121.85 | 4200 |
| PNB | 96.65 | 102 |
| POLYCAB | 6401.2 | 6500 |
| POWERGRID | 324.2 | 320 |
| PVRINOX | 1444.1 | 1500 |
| RAMCOCEM | 914 | 900 |
| RBLBANK | 157.15 | 160 |
| RECLTD | 490.5 | 510 |
| RELIANCE | 1220.75 | 1290 |
| SAIL | 110.62 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1479.9 | 1520 |
| SBIN | 780.4 | 800 |
| SHREECEM | 24157.75 | 24500 |
| SHRIRAMFIN | 2809.75 | 2900 |
| SIEMENS | 6658 | 6800 |
| SRF | 2152.95 | 2260 |
| SUNPHARMA | 1770 | 1800 |
| SUNTV | 727.3 | 730 |
| SYNGENE | 844.25 | 870 |
| TATACHEM | 1051.7 | 1100 |
| TATACOMM | 1709.2 | 1780 |
| TATACONSUM | 910.9 | 950 |
| TATAMOTORS | 774.4 | 800 |
| TATAPOWER | 409.35 | 420 |
| TATASTEEL | 140.18 | 145 |
| TCS | 4066.5 | 4100 |
| TECHM | 1698 | 1680 |
| TITAN | 3179.95 | 3200 |
| TORNTPHARM | 3096.75 | 3150 |
| TRENT | 6425.95 | 6600 |
| TVSMOTOR | 2393.9 | 2450 |
| UBL | 1817.3 | 1880 |
| ULTRACEMCO | 10939.45 | 11000 |
| UNITDSPR | 1489.7 | 1480 |
| UPL | 559.25 | 550 |
| VEDL | 441.2 | 460 |
| VOLTAS | 1667.35 | 1700 |
| WIPRO | 557 | 560 |
| ZYDUSLIFE | 943.25 | 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.
