POLYCAB
Polycab India Limited
Max pain for POLYCAB
21 Mar 2025 04:10 PM IST
Max Pain for POLYCAB is 5000
Strike 3400 has a total call value of 0 versus a total put value of 270,080,000,000 Combined total value = 270,080,000,000
Strike 3500 has a total call value of 0 versus a total put value of 249,832,500,000 Combined total value = 249,832,500,000
Strike 3600 has a total call value of 0 versus a total put value of 229,585,000,000 Combined total value = 229,585,000,000
Strike 3700 has a total call value of 0 versus a total put value of 209,455,000,000 Combined total value = 209,455,000,000
Strike 3800 has a total call value of 0 versus a total put value of 189,325,000,000 Combined total value = 189,325,000,000
Strike 3900 has a total call value of 0 versus a total put value of 169,431,250,000 Combined total value = 169,431,250,000
Strike 4000 has a total call value of 1,250,000 versus a total put value of 149,911,250,000 Combined total value = 149,912,500,000
Strike 4100 has a total call value of 47,500,000 versus a total put value of 131,592,500,000 Combined total value = 131,640,000,000
Strike 4200 has a total call value of 103,750,000 versus a total put value of 113,555,000,000 Combined total value = 113,658,750,000
Strike 4300 has a total call value of 181,250,000 versus a total put value of 96,453,750,000 Combined total value = 96,635,000,000
Strike 4400 has a total call value of 272,500,000 versus a total put value of 80,052,500,000 Combined total value = 80,325,000,000
Strike 4500 has a total call value of 455,000,000 versus a total put value of 64,522,500,000 Combined total value = 64,977,500,000
Strike 4600 has a total call value of 637,500,000 versus a total put value of 50,518,750,000 Combined total value = 51,156,250,000
Strike 4700 has a total call value of 1,036,250,000 versus a total put value of 37,680,000,000 Combined total value = 38,716,250,000
Strike 4800 has a total call value of 1,435,000,000 versus a total put value of 26,925,000,000 Combined total value = 28,360,000,000
Strike 4900 has a total call value of 2,540,000,000 versus a total put value of 18,528,750,000 Combined total value = 21,068,750,000
Strike 5000 has a total call value of 4,665,000,000 versus a total put value of 12,491,250,000 Combined total value = 17,156,250,000
Strike 5100 has a total call value of 9,758,750,000 versus a total put value of 8,566,250,000 Combined total value = 18,325,000,000
Strike 5200 has a total call value of 17,583,750,000 versus a total put value of 5,842,500,000 Combined total value = 23,426,250,000
Strike 5300 has a total call value of 28,896,250,000 versus a total put value of 3,913,750,000 Combined total value = 32,810,000,000
Strike 5400 has a total call value of 43,465,000,000 versus a total put value of 2,782,500,000 Combined total value = 46,247,500,000
Strike 5500 has a total call value of 60,316,250,000 versus a total put value of 2,137,500,000 Combined total value = 62,453,750,000
Strike 5600 has a total call value of 82,348,750,000 versus a total put value of 1,841,250,000 Combined total value = 84,190,000,000
Strike 5700 has a total call value of 106,396,250,000 versus a total put value of 1,545,000,000 Combined total value = 107,941,250,000
Strike 5800 has a total call value of 131,998,750,000 versus a total put value of 1,248,750,000 Combined total value = 133,247,500,000
Strike 5900 has a total call value of 159,238,750,000 versus a total put value of 952,500,000 Combined total value = 160,191,250,000
Strike 6000 has a total call value of 187,061,250,000 versus a total put value of 667,500,000 Combined total value = 187,728,750,000
Strike 6100 has a total call value of 218,110,000,000 versus a total put value of 533,750,000 Combined total value = 218,643,750,000
Strike 6200 has a total call value of 249,488,750,000 versus a total put value of 401,250,000 Combined total value = 249,890,000,000
Strike 6300 has a total call value of 281,191,250,000 versus a total put value of 268,750,000 Combined total value = 281,460,000,000
Strike 6400 has a total call value of 313,053,750,000 versus a total put value of 150,000,000 Combined total value = 313,203,750,000
Strike 6500 has a total call value of 345,037,500,000 versus a total put value of 32,500,000 Combined total value = 345,070,000,000
Strike 6600 has a total call value of 377,426,250,000 versus a total put value of 21,250,000 Combined total value = 377,447,500,000
Strike 6700 has a total call value of 409,843,750,000 versus a total put value of 10,000,000 Combined total value = 409,853,750,000
Strike 6800 has a total call value of 442,291,250,000 versus a total put value of 0 Combined total value = 442,291,250,000
Strike 6900 has a total call value of 474,738,750,000 versus a total put value of 0 Combined total value = 474,738,750,000
Strike 7000 has a total call value of 507,186,250,000 versus a total put value of 0 Combined total value = 507,186,250,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 407.25 | 400 |
| ABB | 5457.5 | 5400 |
| ABCAPITAL | 185.52 | 175 |
| ABFRL | 253.26 | 250 |
| ACC | 1915.65 | 1940 |
| ADANIENSOL | 831.7 | 780 |
| ADANIENT | 2362.8 | 2360 |
| ADANIGREEN | 954.25 | 880 |
| ADANIPORTS | 1188.8 | 1160 |
| ALKEM | 4979 | 4800 |
| AMBUJACEM | 514.5 | 515 |
| ANGELONE | 2336.8 | 2100 |
| APLAPOLLO | 1511.55 | 1460 |
| APOLLOHOSP | 6611.55 | 6450 |
| APOLLOTYRE | 425.85 | 420 |
| ASHOKLEY | 210.84 | 210 |
| ASIANPAINT | 2300.4 | 2260 |
| ASTRAL | 1291.55 | 1300 |
| ATGL | 630.7 | 600 |
| AUBANK | 542.8 | 525 |
| AUROPHARMA | 1200.35 | 1160 |
| AXISBANK | 1070.15 | 1050 |
| BAJAJ-AUTO | 8067.85 | 7900 |
| BAJAJFINSV | 1847.25 | 1840 |
| BAJFINANCE | 8916.1 | 8700 |
| BALKRISIND | 2609.85 | 2580 |
| BANDHANBNK | 144.96 | 145 |
| BANKBARODA | 216.7 | 215 |
| BANKINDIA | 105.84 | 100 |
| BEL | 295.74 | 285 |
| BERGEPAINT | 500.3 | 500 |
| BHARATFORG | 1181.3 | 1120 |
| BHARTIARTL | 1725.8 | 1680 |
| BHEL | 211.95 | 205 |
| BIOCON | 344.1 | 335 |
| BOSCHLTD | 27432.25 | 28000 |
| BPCL | 279.66 | 270 |
| BRITANNIA | 4814 | 4750 |
| BSE | 4779.75 | 4500 |
| BSOFT | 404.35 | 410 |
| CAMS | 3815.7 | 3600 |
| CANBK | 87.54 | 87 |
| CDSL | 1216.3 | 1160 |
| CESC | 150.82 | 145 |
| CGPOWER | 641.25 | 620 |
| CHAMBLFERT | 597.05 | 580 |
| CHOLAFIN | 1538.5 | 1460 |
| CIPLA | 1523.85 | 1480 |
| COALINDIA | 405.4 | 395 |
| COFORGE | 7746.8 | 7500 |
| COLPAL | 2401.1 | 2480 |
| CONCOR | 689.65 | 680 |
| CROMPTON | 362.85 | 355 |
| CUMMINSIND | 2937.75 | 2900 |
| CYIENT | 1316.75 | 1260 |
| DABUR | 506.8 | 500 |
| DALBHARAT | 1747.4 | 1700 |
| DEEPAKNTR | 2057.8 | 1950 |
| DELHIVERY | 263.62 | 260 |
| DIVISLAB | 5797.35 | 5750 |
| DIXON | 14056.8 | 13750 |
| DLF | 695.9 | 690 |
| DMART | 3892.2 | 3800 |
| DRREDDY | 1200.15 | 1150 |
| EICHERMOT | 5305.95 | 5100 |
| ESCORTS | 3228.3 | 3100 |
| EXIDEIND | 358.65 | 360 |
| FEDERALBNK | 187.3 | 185 |
| GAIL | 175.05 | 171 |
| GLENMARK | 1514.75 | 1440 |
| GMRAIRPORT | 77.36 | 74 |
| GODREJCP | 1111.95 | 1070 |
| GODREJPROP | 2143.95 | 2100 |
| GRANULES | 507.45 | 500 |
| GRASIM | 2469.4 | 2420 |
| HAL | 3891.25 | 3700 |
| HAVELLS | 1480.8 | 1500 |
| HCLTECH | 1566.7 | 1580 |
| HDFCAMC | 3994.55 | 3900 |
| HDFCBANK | 1770.35 | 1760 |
| HDFCLIFE | 679.6 | 640 |
| HEROMOTOCO | 3629 | 3650 |
| HFCL | 82.81 | 85 |
| HINDALCO | 695.35 | 670 |
| HINDCOPPER | 229.91 | 220 |
| HINDPETRO | 356.95 | 340 |
| HINDUNILVR | 2246.2 | 2260 |
| HUDCO | 202.8 | 195 |
| ICICIBANK | 1343.1 | 1300 |
| ICICIGI | 1723.2 | 1700 |
| ICICIPRULI | 581.4 | 570 |
| IDEA | 7.62 | 8 |
| IDFCFIRSTB | 56.29 | 58 |
| IEX | 172.67 | 170 |
| IGL | 198.14 | 192.5 |
| IIFL | 340 | 320 |
| INDHOTEL | 824.7 | 790 |
| INDIANB | 547.95 | 520 |
| INDIGO | 5044.05 | 4900 |
| INDUSINDBK | 686.9 | 750 |
| INDUSTOWER | 348.85 | 340 |
| INFY | 1592.55 | 1620 |
| IOC | 131.51 | 127.5 |
| IRB | 46.8 | 45 |
| IRCTC | 722.2 | 710 |
| IREDA | 154.82 | 145 |
| IRFC | 129.66 | 125 |
| ITC | 405.55 | 405 |
| JINDALSTEL | 914.3 | 900 |
| JIOFIN | 229.12 | 225 |
| JKCEMENT | 4822.5 | 4600 |
| JSL | 625.7 | 630 |
| JSWENERGY | 559.7 | 530 |
| JSWSTEEL | 1058.7 | 1030 |
| JUBLFOOD | 629.05 | 630 |
| KALYANKJIL | 471.2 | 440 |
| KEI | 2890.3 | 2900 |
| KOTAKBANK | 2079 | 2020 |
| KPITTECH | 1323.4 | 1280 |
| LAURUSLABS | 611.2 | 590 |
| LICHSGFIN | 571.7 | 550 |
| LICI | 791.35 | 780 |
| LODHA | 1180.75 | 1160 |
| LT | 3415.95 | 3300 |
| LTF | 155.09 | 150 |
| LTIM | 4520.25 | 4500 |
| LTTS | 4670.4 | 4600 |
| LUPIN | 2114.7 | 2020 |
| M&M | 2801.85 | 2750 |
| M&MFIN | 291.35 | 280 |
| MANAPPURAM | 234.16 | 207.5 |
| MARICO | 630.8 | 620 |
| MARUTI | 11732.8 | 11700 |
| MAXHEALTH | 1170.25 | 1140 |
| MCX | 5464.1 | 5300 |
| MFSL | 1140.05 | 1100 |
| MGL | 1380 | 1340 |
| MOTHERSON | 131.34 | 130 |
| MPHASIS | 2429.95 | 2350 |
| MRF | 112050.15 | 110000 |
| MUTHOOTFIN | 2356.6 | 2340 |
| NATIONALUM | 185.52 | 190 |
| NAUKRI | 6916 | 6800 |
| NBCC | 83.73 | 80 |
| NCC | 206.03 | 195 |
| NESTLEIND | 2268.85 | 2240 |
| NHPC | 82.56 | 80 |
| NMDC | 67.51 | 68 |
| NTPC | 351.3 | 340 |
| NYKAA | 172.52 | 170 |
| OBEROIRLTY | 1652.5 | 1600 |
| OFSS | 7644.4 | 7750 |
| OIL | 393.6 | 390 |
| ONGC | 242.42 | 235 |
| PAGEIND | 42127.95 | 41000 |
| PATANJALI | 1761.05 | 1740 |
| PAYTM | 751.05 | 720 |
| PEL | 996.45 | 960 |
| PERSISTENT | 5275.55 | 5300 |
| PETRONET | 301.25 | 295 |
| PFC | 407.8 | 400 |
| PHOENIXLTD | 1666.15 | 1600 |
| PIDILITIND | 2825.5 | 2760 |
| PIIND | 3456.7 | 3300 |
| PNB | 93.14 | 92 |
| POLICYBZR | 1603 | 1500 |
| POLYCAB | 4992.3 | 5000 |
| POONAWALLA | 334.8 | 305 |
| POWERGRID | 283.1 | 275 |
| PRESTIGE | 1226.15 | 1150 |
| RAMCOCEM | 855.85 | 840 |
| RBLBANK | 168.3 | 165 |
| RECLTD | 428.95 | 420 |
| RELIANCE | 1276.35 | 1250 |
| SAIL | 115.3 | 110 |
| SBICARD | 857.5 | 845 |
| SBILIFE | 1546.4 | 1480 |
| SBIN | 753.2 | 740 |
| SHREECEM | 28987.4 | 28250 |
| SHRIRAMFIN | 676.8 | 650 |
| SIEMENS | 5200.65 | 5000 |
| SJVN | 95.23 | 90 |
| SOLARINDS | 10650.65 | 10200 |
| SONACOMS | 509.35 | 500 |
| SRF | 3024.35 | 2900 |
| SUNPHARMA | 1784.5 | 1680 |
| SUPREMEIND | 3427.85 | 3500 |
| SYNGENE | 716 | 700 |
| TATACHEM | 847.25 | 840 |
| TATACOMM | 1610 | 1540 |
| TATACONSUM | 961.2 | 970 |
| TATAELXSI | 5462.95 | 5400 |
| TATAMOTORS | 702.95 | 680 |
| TATAPOWER | 379.5 | 375 |
| TATASTEEL | 157.28 | 153 |
| TATATECH | 685.75 | 670 |
| TCS | 3578.1 | 3600 |
| TECHM | 1409.25 | 1440 |
| TIINDIA | 2872.15 | 2800 |
| TITAGARH | 784.5 | 760 |
| TITAN | 3162.7 | 3150 |
| TORNTPHARM | 3223.1 | 3100 |
| TORNTPOWER | 1498.55 | 1360 |
| TRENT | 5150.05 | 5100 |
| TVSMOTOR | 2413.85 | 2360 |
| ULTRACEMCO | 10976.75 | 10500 |
| UNIONBANK | 122.52 | 119 |
| UNITDSPR | 1391.6 | 1320 |
| UPL | 658.85 | 640 |
| USDINR | 86.015 | 77.25 |
| VBL | 537.95 | 520 |
| VEDL | 467.3 | 450 |
| VOLTAS | 1429.5 | 1400 |
| WIPRO | 264.3 | 270 |
| YESBANK | 17.17 | 17 |
| ZOMATO | 227.52 | 220 |
| ZYDUSLIFE | 918.6 | 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.
