PNB
Punjab National Bank
Max pain for PNB
28 Mar 2025 04:12 PM IST
Max Pain for PNB is 97
Strike 76 has a total call value of 0 versus a total put value of 110,736,800,000 Combined total value = 110,736,800,000
Strike 77 has a total call value of 0 versus a total put value of 105,095,200,000 Combined total value = 105,095,200,000
Strike 78 has a total call value of 0 versus a total put value of 99,472,800,000 Combined total value = 99,472,800,000
Strike 79 has a total call value of 0 versus a total put value of 93,896,000,000 Combined total value = 93,896,000,000
Strike 80 has a total call value of 0 versus a total put value of 88,340,000,000 Combined total value = 88,340,000,000
Strike 81 has a total call value of 0 versus a total put value of 82,987,200,000 Combined total value = 82,987,200,000
Strike 82 has a total call value of 0 versus a total put value of 77,660,000,000 Combined total value = 77,660,000,000
Strike 83 has a total call value of 0 versus a total put value of 72,358,400,000 Combined total value = 72,358,400,000
Strike 84 has a total call value of 0 versus a total put value of 67,101,600,000 Combined total value = 67,101,600,000
Strike 85 has a total call value of 0 versus a total put value of 61,878,400,000 Combined total value = 61,878,400,000
Strike 86 has a total call value of 167,200,000 versus a total put value of 57,146,400,000 Combined total value = 57,313,600,000
Strike 87 has a total call value of 334,400,000 versus a total put value of 52,449,600,000 Combined total value = 52,784,000,000
Strike 88 has a total call value of 501,600,000 versus a total put value of 47,852,800,000 Combined total value = 48,354,400,000
Strike 89 has a total call value of 685,600,000 versus a total put value of 43,422,400,000 Combined total value = 44,108,000,000
Strike 90 has a total call value of 869,600,000 versus a total put value of 39,043,200,000 Combined total value = 39,912,800,000
Strike 91 has a total call value of 1,381,600,000 versus a total put value of 35,156,000,000 Combined total value = 36,537,600,000
Strike 92 has a total call value of 1,949,600,000 versus a total put value of 31,359,200,000 Combined total value = 33,308,800,000
Strike 93 has a total call value of 2,612,000,000 versus a total put value of 27,729,600,000 Combined total value = 30,341,600,000
Strike 94 has a total call value of 3,360,800,000 versus a total put value of 24,279,200,000 Combined total value = 27,640,000,000
Strike 95 has a total call value of 4,244,000,000 versus a total put value of 20,983,200,000 Combined total value = 25,227,200,000
Strike 96 has a total call value of 5,912,000,000 versus a total put value of 18,696,800,000 Combined total value = 24,608,800,000
Strike 97 has a total call value of 7,868,800,000 versus a total put value of 16,586,400,000 Combined total value = 24,455,200,000
Strike 98 has a total call value of 10,175,200,000 versus a total put value of 14,603,200,000 Combined total value = 24,778,400,000
Strike 99 has a total call value of 12,834,400,000 versus a total put value of 12,778,400,000 Combined total value = 25,612,800,000
Strike 100 has a total call value of 15,651,200,000 versus a total put value of 11,017,600,000 Combined total value = 26,668,800,000
Strike 101 has a total call value of 19,826,400,000 versus a total put value of 9,843,200,000 Combined total value = 29,669,600,000
Strike 102 has a total call value of 24,139,200,000 versus a total put value of 8,706,400,000 Combined total value = 32,845,600,000
Strike 103 has a total call value of 28,579,200,000 versus a total put value of 7,569,600,000 Combined total value = 36,148,800,000
Strike 104 has a total call value of 33,092,000,000 versus a total put value of 6,432,800,000 Combined total value = 39,524,800,000
Strike 105 has a total call value of 37,763,200,000 versus a total put value of 5,312,800,000 Combined total value = 43,076,000,000
Strike 106 has a total call value of 42,694,400,000 versus a total put value of 4,273,600,000 Combined total value = 46,968,000,000
Strike 107 has a total call value of 47,697,600,000 versus a total put value of 3,255,200,000 Combined total value = 50,952,800,000
Strike 108 has a total call value of 52,729,600,000 versus a total put value of 2,236,800,000 Combined total value = 54,966,400,000
Strike 109 has a total call value of 57,835,200,000 versus a total put value of 1,218,400,000 Combined total value = 59,053,600,000
Strike 110 has a total call value of 62,940,800,000 versus a total put value of 200,000,000 Combined total value = 63,140,800,000
Strike 111 has a total call value of 69,003,200,000 versus a total put value of 100,000,000 Combined total value = 69,103,200,000
Strike 112 has a total call value of 75,065,600,000 versus a total put value of 0 Combined total value = 75,065,600,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 96.13 | 400 |
| ABB | 96.13 | 5600 |
| ABCAPITAL | 96.13 | 190 |
| ABFRL | 96.13 | 260 |
| ACC | 96.13 | 1960 |
| ADANIENSOL | 96.13 | 840 |
| ADANIENT | 96.13 | 2500 |
| ADANIGREEN | 96.13 | 940 |
| ADANIPORTS | 96.13 | 1200 |
| ALKEM | 96.13 | 5000 |
| AMBUJACEM | 96.13 | 550 |
| ANGELONE | 96.13 | 2200 |
| APLAPOLLO | 96.13 | 1520 |
| APOLLOHOSP | 96.13 | 6600 |
| APOLLOTYRE | 96.13 | 430 |
| ASHOKLEY | 96.13 | 210 |
| ASIANPAINT | 96.13 | 2340 |
| ASTRAL | 96.13 | 1300 |
| ATGL | 96.13 | 610 |
| AUBANK | 96.13 | 550 |
| AUROPHARMA | 96.13 | 1160 |
| AXISBANK | 96.13 | 1100 |
| BAJAJ-AUTO | 96.13 | 8000 |
| BAJAJFINSV | 96.13 | 1980 |
| BAJFINANCE | 96.13 | 8900 |
| BALKRISIND | 96.13 | 2580 |
| BANDHANBNK | 96.13 | 150 |
| BANKBARODA | 96.13 | 230 |
| BANKINDIA | 96.13 | 107 |
| BEL | 96.13 | 300 |
| BERGEPAINT | 96.13 | 500 |
| BHARATFORG | 96.13 | 1160 |
| BHARTIARTL | 96.13 | 1700 |
| BHEL | 96.13 | 220 |
| BIOCON | 96.13 | 345 |
| BOSCHLTD | 96.13 | 28000 |
| BPCL | 96.13 | 280 |
| BRITANNIA | 96.13 | 4900 |
| BSE | 96.13 | 5100 |
| BSOFT | 96.13 | 400 |
| CAMS | 96.13 | 3700 |
| CANBK | 96.13 | 90 |
| CDSL | 96.13 | 1200 |
| CESC | 96.13 | 155 |
| CGPOWER | 96.13 | 650 |
| CHAMBLFERT | 96.13 | 610 |
| CHOLAFIN | 96.13 | 1520 |
| CIPLA | 96.13 | 1480 |
| COALINDIA | 96.13 | 410 |
| COFORGE | 96.13 | 8000 |
| COLPAL | 96.13 | 2400 |
| CONCOR | 96.13 | 710 |
| CROMPTON | 96.13 | 360 |
| CUMMINSIND | 96.13 | 3050 |
| CYIENT | 96.13 | 1300 |
| DABUR | 96.13 | 510 |
| DALBHARAT | 96.13 | 1800 |
| DEEPAKNTR | 96.13 | 2000 |
| DELHIVERY | 96.13 | 260 |
| DIVISLAB | 96.13 | 5800 |
| DIXON | 96.13 | 13500 |
| DLF | 96.13 | 700 |
| DMART | 96.13 | 4050 |
| DRREDDY | 96.13 | 1150 |
| EICHERMOT | 96.13 | 5400 |
| ESCORTS | 96.13 | 3300 |
| EXIDEIND | 96.13 | 370 |
| FEDERALBNK | 96.13 | 195 |
| GAIL | 96.13 | 182.5 |
| GLENMARK | 96.13 | 1500 |
| GMRAIRPORT | 96.13 | 77 |
| GODREJCP | 96.13 | 1140 |
| GODREJPROP | 96.13 | 2150 |
| GOLDM | 96.13 | 88500 |
| GRANULES | 96.13 | 500 |
| GRASIM | 96.13 | 2580 |
| HAL | 96.13 | 4150 |
| HAVELLS | 96.13 | 1500 |
| HCLTECH | 96.13 | 1600 |
| HDFCAMC | 96.13 | 4100 |
| HDFCBANK | 96.13 | 1800 |
| HDFCLIFE | 96.13 | 680 |
| HEROMOTOCO | 96.13 | 3750 |
| HFCL | 96.13 | 82.5 |
| HINDALCO | 96.13 | 690 |
| HINDCOPPER | 96.13 | 230 |
| HINDPETRO | 96.13 | 360 |
| HINDUNILVR | 96.13 | 2300 |
| HUDCO | 96.13 | 200 |
| ICICIBANK | 96.13 | 1340 |
| ICICIGI | 96.13 | 1800 |
| ICICIPRULI | 96.13 | 580 |
| IDEA | 96.13 | 8 |
| IDFCFIRSTB | 96.13 | 58 |
| IEX | 96.13 | 180 |
| IGL | 96.13 | 200 |
| IIFL | 96.13 | 330 |
| INDHOTEL | 96.13 | 800 |
| INDIANB | 96.13 | 550 |
| INDIGO | 96.13 | 5000 |
| INDUSINDBK | 96.13 | 670 |
| INDUSTOWER | 96.13 | 350 |
| INFY | 96.13 | 1600 |
| IOC | 96.13 | 132.5 |
| IRB | 96.13 | 46 |
| IRCTC | 96.13 | 740 |
| IREDA | 96.13 | 152.5 |
| IRFC | 96.13 | 125 |
| ITC | 96.13 | 410 |
| JINDALSTEL | 96.13 | 920 |
| JIOFIN | 96.13 | 230 |
| JSL | 96.13 | 600 |
| JSWENERGY | 96.13 | 550 |
| JSWSTEEL | 96.13 | 1050 |
| JUBLFOOD | 96.13 | 660 |
| KALYANKJIL | 96.13 | 480 |
| KEI | 96.13 | 2900 |
| KOTAKBANK | 96.13 | 2120 |
| KPITTECH | 96.13 | 1300 |
| LAURUSLABS | 96.13 | 610 |
| LICHSGFIN | 96.13 | 570 |
| LICI | 96.13 | 800 |
| LODHA | 96.13 | 1200 |
| LT | 96.13 | 3500 |
| LTF | 96.13 | 150 |
| LTIM | 96.13 | 4600 |
| LUPIN | 96.13 | 2040 |
| M&M | 96.13 | 2700 |
| M&MFIN | 96.13 | 290 |
| MANAPPURAM | 96.13 | 230 |
| MARICO | 96.13 | 640 |
| MARUTI | 96.13 | 11700 |
| MAXHEALTH | 96.13 | 1120 |
| MCX | 96.13 | 5400 |
| MFSL | 96.13 | 1140 |
| MGL | 96.13 | 1380 |
| MOTHERSON | 96.13 | 135 |
| MPHASIS | 96.13 | 2500 |
| MRF | 96.13 | 115000 |
| MUTHOOTFIN | 96.13 | 2200 |
| NATIONALUM | 96.13 | 185 |
| NAUKRI | 96.13 | 7100 |
| NBCC | 96.13 | 82.5 |
| NCC | 96.13 | 210 |
| NESTLEIND | 96.13 | 2260 |
| NHPC | 96.13 | 84 |
| NMDC | 96.13 | 69 |
| NTPC | 96.13 | 360 |
| NYKAA | 96.13 | 175 |
| OBEROIRLTY | 96.13 | 1640 |
| OFSS | 96.13 | 8000 |
| OIL | 96.13 | 390 |
| ONGC | 96.13 | 250 |
| PAGEIND | 96.13 | 43000 |
| PATANJALI | 96.13 | 1800 |
| PAYTM | 96.13 | 780 |
| PEL | 96.13 | 1000 |
| PERSISTENT | 96.13 | 5500 |
| PETRONET | 96.13 | 300 |
| PFC | 96.13 | 420 |
| PHOENIXLTD | 96.13 | 1600 |
| PIDILITIND | 96.13 | 2840 |
| PIIND | 96.13 | 3500 |
| PNB | 96.13 | 97 |
| POLICYBZR | 96.13 | 1600 |
| POLYCAB | 96.13 | 5100 |
| POONAWALLA | 96.13 | 335 |
| POWERGRID | 96.13 | 295 |
| PRESTIGE | 96.13 | 1200 |
| RAMCOCEM | 96.13 | 900 |
| RBLBANK | 96.13 | 175 |
| RECLTD | 96.13 | 440 |
| RELIANCE | 96.13 | 1300 |
| SAIL | 96.13 | 120 |
| SBICARD | 96.13 | 865 |
| SBILIFE | 96.13 | 1540 |
| SBIN | 96.13 | 780 |
| SHREECEM | 96.13 | 30500 |
| SHRIRAMFIN | 96.13 | 660 |
| SIEMENS | 96.13 | 5300 |
| SILVER | 96.13 | 98000 |
| SJVN | 96.13 | 95 |
| SOLARINDS | 96.13 | 11000 |
| SONACOMS | 96.13 | 460 |
| SRF | 96.13 | 2960 |
| SUNPHARMA | 96.13 | 1740 |
| SUPREMEIND | 96.13 | 3500 |
| SYNGENE | 96.13 | 720 |
| TATACHEM | 96.13 | 880 |
| TATACOMM | 96.13 | 1600 |
| TATACONSUM | 96.13 | 1000 |
| TATAELXSI | 96.13 | 5300 |
| TATAMOTORS | 96.13 | 700 |
| TATAPOWER | 96.13 | 400 |
| TATASTEEL | 96.13 | 156 |
| TATATECH | 96.13 | 680 |
| TCS | 96.13 | 3660 |
| TECHM | 96.13 | 1440 |
| TIINDIA | 96.13 | 2800 |
| TITAGARH | 96.13 | 800 |
| TITAN | 96.13 | 3100 |
| TORNTPHARM | 96.13 | 3250 |
| TORNTPOWER | 96.13 | 1500 |
| TRENT | 96.13 | 5400 |
| TVSMOTOR | 96.13 | 2440 |
| ULTRACEMCO | 96.13 | 11400 |
| UNIONBANK | 96.13 | 125 |
| UNITDSPR | 96.13 | 1400 |
| UPL | 96.13 | 640 |
| VBL | 96.13 | 520 |
| VEDL | 96.13 | 470 |
| VOLTAS | 96.13 | 1440 |
| WIPRO | 96.13 | 267.5 |
| YESBANK | 96.13 | 17 |
| ZOMATO | 96.13 | 210 |
| ZYDUSLIFE | 96.13 | 900 |
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.
