POLYCAB
Polycab India Limited
Max pain for POLYCAB
28 Feb 2025 04:10 PM IST
Max Pain for POLYCAB is 4900
Strike 3400 has a total call value of 0 versus a total put value of 230,451,250,000 Combined total value = 230,451,250,000
Strike 3500 has a total call value of 0 versus a total put value of 211,182,500,000 Combined total value = 211,182,500,000
Strike 3600 has a total call value of 0 versus a total put value of 191,913,750,000 Combined total value = 191,913,750,000
Strike 3700 has a total call value of 0 versus a total put value of 172,741,250,000 Combined total value = 172,741,250,000
Strike 3800 has a total call value of 0 versus a total put value of 153,568,750,000 Combined total value = 153,568,750,000
Strike 3900 has a total call value of 0 versus a total put value of 134,705,000,000 Combined total value = 134,705,000,000
Strike 4000 has a total call value of 0 versus a total put value of 116,171,250,000 Combined total value = 116,171,250,000
Strike 4100 has a total call value of 2,500,000 versus a total put value of 99,581,250,000 Combined total value = 99,583,750,000
Strike 4200 has a total call value of 10,000,000 versus a total put value of 83,423,750,000 Combined total value = 83,433,750,000
Strike 4300 has a total call value of 33,750,000 versus a total put value of 70,233,750,000 Combined total value = 70,267,500,000
Strike 4400 has a total call value of 62,500,000 versus a total put value of 57,853,750,000 Combined total value = 57,916,250,000
Strike 4500 has a total call value of 202,500,000 versus a total put value of 46,746,250,000 Combined total value = 46,948,750,000
Strike 4600 has a total call value of 613,750,000 versus a total put value of 36,923,750,000 Combined total value = 37,537,500,000
Strike 4700 has a total call value of 1,410,000,000 versus a total put value of 28,713,750,000 Combined total value = 30,123,750,000
Strike 4800 has a total call value of 3,461,250,000 versus a total put value of 21,646,250,000 Combined total value = 25,107,500,000
Strike 4900 has a total call value of 8,101,250,000 versus a total put value of 16,506,250,000 Combined total value = 24,607,500,000
Strike 5000 has a total call value of 14,858,750,000 versus a total put value of 12,205,000,000 Combined total value = 27,063,750,000
Strike 5100 has a total call value of 28,216,250,000 versus a total put value of 9,796,250,000 Combined total value = 38,012,500,000
Strike 5200 has a total call value of 43,260,000,000 versus a total put value of 7,546,250,000 Combined total value = 50,806,250,000
Strike 5300 has a total call value of 61,968,750,000 versus a total put value of 5,963,750,000 Combined total value = 67,932,500,000
Strike 5400 has a total call value of 83,071,250,000 versus a total put value of 4,648,750,000 Combined total value = 87,720,000,000
Strike 5500 has a total call value of 106,328,750,000 versus a total put value of 3,455,000,000 Combined total value = 109,783,750,000
Strike 5600 has a total call value of 135,470,000,000 versus a total put value of 2,648,750,000 Combined total value = 138,118,750,000
Strike 5700 has a total call value of 165,877,500,000 versus a total put value of 1,947,500,000 Combined total value = 167,825,000,000
Strike 5800 has a total call value of 197,407,500,000 versus a total put value of 1,343,750,000 Combined total value = 198,751,250,000
Strike 5900 has a total call value of 230,681,250,000 versus a total put value of 1,003,750,000 Combined total value = 231,685,000,000
Strike 6000 has a total call value of 264,608,750,000 versus a total put value of 663,750,000 Combined total value = 265,272,500,000
Strike 6100 has a total call value of 301,032,500,000 versus a total put value of 525,000,000 Combined total value = 301,557,500,000
Strike 6200 has a total call value of 337,891,250,000 versus a total put value of 386,250,000 Combined total value = 338,277,500,000
Strike 6300 has a total call value of 375,370,000,000 versus a total put value of 257,500,000 Combined total value = 375,627,500,000
Strike 6400 has a total call value of 413,216,250,000 versus a total put value of 128,750,000 Combined total value = 413,345,000,000
Strike 6500 has a total call value of 451,125,000,000 versus a total put value of 0 Combined total value = 451,125,000,000
Strike 6600 has a total call value of 489,827,500,000 versus a total put value of 0 Combined total value = 489,827,500,000
Strike 6700 has a total call value of 528,548,750,000 versus a total put value of 0 Combined total value = 528,548,750,000
Strike 6800 has a total call value of 567,276,250,000 versus a total put value of 0 Combined total value = 567,276,250,000
Strike 6900 has a total call value of 606,141,250,000 versus a total put value of 0 Combined total value = 606,141,250,000
Strike 7000 has a total call value of 645,006,250,000 versus a total put value of 0 Combined total value = 645,006,250,000
Strike 7100 has a total call value of 683,976,250,000 versus a total put value of 0 Combined total value = 683,976,250,000
Strike 7200 has a total call value of 722,946,250,000 versus a total put value of 0 Combined total value = 722,946,250,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 376 | 400 |
| ABB | 4935.4 | 5200 |
| ABCAPITAL | 156.33 | 165 |
| ABFRL | 242.15 | 255 |
| ACC | 1818.55 | 2000 |
| ADANIENSOL | 650.9 | 680 |
| ADANIENT | 2096 | 2500 |
| ADANIGREEN | 774.4 | 820 |
| ADANIPORTS | 1069.4 | 1100 |
| ALKEM | 4646.2 | 4650 |
| AMBUJACEM | 464.95 | 510 |
| ANGELONE | 2169.15 | 2100 |
| APLAPOLLO | 1438.95 | 1460 |
| APOLLOHOSP | 6052.6 | 6200 |
| APOLLOTYRE | 374.3 | 400 |
| ASHOKLEY | 212.94 | 220 |
| ASIANPAINT | 2179.75 | 2260 |
| ASTRAL | 1337.25 | 1400 |
| ATGL | 557.15 | 560 |
| AUBANK | 565.7 | 555 |
| AUROPHARMA | 1058.3 | 1100 |
| AXISBANK | 1015.55 | 1030 |
| BAJAJ-AUTO | 7902.9 | 8300 |
| BAJAJFINSV | 1872.3 | 1900 |
| BAJFINANCE | 8530.3 | 8500 |
| BALKRISIND | 2615.65 | 2700 |
| BANDHANBNK | 141.19 | 145 |
| BANKBARODA | 197.07 | 215 |
| BANKINDIA | 95.16 | 100 |
| BEL | 246.25 | 260 |
| BERGEPAINT | 488.55 | 490 |
| BHARATFORG | 1016.5 | 1040 |
| BHARTIARTL | 1570.2 | 1620 |
| BHEL | 179.17 | 195 |
| BIOCON | 302.45 | 320 |
| BOSCHLTD | 26544 | 30000 |
| BPCL | 237.3 | 250 |
| BRITANNIA | 4595.45 | 4800 |
| BSE | 4633.7 | 5100 |
| BSOFT | 424.05 | 450 |
| CAMS | 3143.1 | 3300 |
| CANBK | 80.9 | 88 |
| CDSL | 1107.9 | 1200 |
| CESC | 130.79 | 135 |
| CGPOWER | 572.6 | 580 |
| CHAMBLFERT | 533.7 | 550 |
| CHOLAFIN | 1400.75 | 1400 |
| CIPLA | 1407.5 | 1460 |
| COALINDIA | 369.35 | 380 |
| COFORGE | 7362.15 | 7400 |
| COLPAL | 2464.6 | 2500 |
| CONCOR | 623.7 | 680 |
| CROMPTON | 321.15 | 330 |
| CUMMINSIND | 2717.95 | 2800 |
| CYIENT | 1267.15 | 1300 |
| DABUR | 493.3 | 510 |
| DALBHARAT | 1689.65 | 1700 |
| DEEPAKNTR | 1851.3 | 1900 |
| DELHIVERY | 249.85 | 260 |
| DIVISLAB | 5480.25 | 5650 |
| DIXON | 13935.85 | 14000 |
| DLF | 635.55 | 670 |
| DMART | 3403.95 | 3550 |
| DRREDDY | 1116.5 | 1150 |
| EICHERMOT | 4773.6 | 4950 |
| ESCORTS | 2868.95 | 3000 |
| EXIDEIND | 347.8 | 370 |
| FEDERALBNK | 177.62 | 180 |
| GAIL | 156.04 | 160 |
| GLENMARK | 1278.95 | 1300 |
| GMRAIRPORT | 69.47 | 71 |
| GODREJCP | 1005.15 | 1030 |
| GODREJPROP | 1936.3 | 2000 |
| GRANULES | 461.8 | 490 |
| GRASIM | 2306.65 | 2360 |
| HAL | 3088.2 | 3400 |
| HAVELLS | 1421.8 | 1440 |
| HCLTECH | 1575.05 | 1640 |
| HDFCAMC | 3628.3 | 3800 |
| HDFCBANK | 1732.4 | 1720 |
| HDFCLIFE | 608.5 | 620 |
| HEROMOTOCO | 3681.1 | 3800 |
| HFCL | 79.19 | 85 |
| HINDALCO | 634.35 | 630 |
| HINDCOPPER | 202.32 | 220 |
| HINDPETRO | 293.75 | 310 |
| HINDUNILVR | 2190.25 | 2300 |
| HUDCO | 165.14 | 180 |
| ICICIBANK | 1204.1 | 1250 |
| ICICIGI | 1690.95 | 1720 |
| ICICIPRULI | 551.6 | 560 |
| IDEA | 7.55 | 8 |
| IDFCFIRSTB | 58.39 | 61 |
| IEX | 155.93 | 165 |
| IGL | 189.48 | 195 |
| INDHOTEL | 716.1 | 740 |
| INDIANB | 510.8 | 520 |
| INDIGO | 4477.3 | 4500 |
| INDUSINDBK | 990.1 | 1040 |
| INDUSTOWER | 323.35 | 345 |
| INFY | 1687.7 | 1760 |
| IOC | 113.49 | 120 |
| IRB | 43.26 | 45 |
| IRCTC | 670.95 | 710 |
| IRFC | 112.42 | 115 |
| ITC | 395 | 405 |
| JINDALSTEL | 856.15 | 880 |
| JIOFIN | 207.61 | 220 |
| JKCEMENT | 4389.35 | 4500 |
| JSL | 584.85 | 610 |
| JSWENERGY | 464.1 | 460 |
| JSWSTEEL | 950.7 | 970 |
| JUBLFOOD | 626.1 | 650 |
| KALYANKJIL | 462.25 | 460 |
| KEI | 3070.15 | 3000 |
| KOTAKBANK | 1902.95 | 1940 |
| KPITTECH | 1197.4 | 1260 |
| LAURUSLABS | 527.2 | 540 |
| LICHSGFIN | 496.9 | 530 |
| LICI | 740.5 | 760 |
| LODHA | 1130.9 | 1200 |
| LT | 3163.85 | 3300 |
| LTF | 134.73 | 140 |
| LTIM | 4665.95 | 5000 |
| LTTS | 4533.2 | 4700 |
| LUPIN | 1904.65 | 1900 |
| M&M | 2585.1 | 2700 |
| M&MFIN | 270.6 | 280 |
| MANAPPURAM | 200.96 | 200 |
| MARICO | 600.6 | 620 |
| MARUTI | 11945.85 | 12200 |
| MAXHEALTH | 978.1 | 1020 |
| MCX | 4991.65 | 5400 |
| MFSL | 998.1 | 1040 |
| MGL | 1237.5 | 1300 |
| MOTHERSON | 118.59 | 125 |
| MPHASIS | 2247.25 | 2350 |
| MRF | 105373.7 | 110000 |
| MUTHOOTFIN | 2132.8 | 2200 |
| NATIONALUM | 177.6 | 186 |
| NAUKRI | 6992.65 | 7300 |
| NBCC | 72.86 | 77.5 |
| NCC | 175 | 180 |
| NESTLEIND | 2189.65 | 2260 |
| NHPC | 72.9 | 75 |
| NMDC | 62.48 | 69 |
| NTPC | 311.45 | 320 |
| NYKAA | 158.8 | 160 |
| OBEROIRLTY | 1484.5 | 1520 |
| OFSS | 7763.9 | 8000 |
| OIL | 342.7 | 370 |
| ONGC | 225.25 | 235 |
| PAGEIND | 40515.95 | 42000 |
| PAYTM | 714.95 | 740 |
| PEL | 872.4 | 940 |
| PERSISTENT | 5303.9 | 5400 |
| PETRONET | 283.3 | 290 |
| PFC | 364.3 | 390 |
| PHOENIXLTD | 1548.1 | 1500 |
| PIDILITIND | 2657.9 | 2800 |
| PIIND | 3013.95 | 3100 |
| PNB | 87.39 | 95 |
| POLICYBZR | 1463.6 | 1550 |
| POLYCAB | 4713.4 | 4900 |
| POONAWALLA | 281.3 | 280 |
| POWERGRID | 250.85 | 265 |
| PRESTIGE | 1126.6 | 1150 |
| RAMCOCEM | 829 | 850 |
| RBLBANK | 158.34 | 160 |
| RECLTD | 360.3 | 390 |
| RELIANCE | 1200.1 | 1250 |
| SAIL | 105.02 | 110 |
| SBICARD | 838.8 | 850 |
| SBILIFE | 1430.5 | 1480 |
| SBIN | 688.8 | 720 |
| SHREECEM | 27284 | 27250 |
| SHRIRAMFIN | 617.3 | 610 |
| SIEMENS | 4623.5 | 4800 |
| SJVN | 84.11 | 87.5 |
| SOLARINDS | 8710.6 | 9000 |
| SONACOMS | 493.9 | 500 |
| SRF | 2795.4 | 2800 |
| SUNPHARMA | 1593.25 | 1640 |
| SUPREMEIND | 3329 | 3500 |
| SYNGENE | 652.4 | 700 |
| TATACHEM | 777.35 | 840 |
| TATACOMM | 1352.5 | 1400 |
| TATACONSUM | 963.7 | 1000 |
| TATAELXSI | 5411.1 | 5500 |
| TATAMOTORS | 620.65 | 660 |
| TATAPOWER | 339.2 | 360 |
| TATASTEEL | 137.2 | 140 |
| TCS | 3483.25 | 3650 |
| TECHM | 1487.85 | 1560 |
| TIINDIA | 2462.15 | 2600 |
| TITAN | 3077.25 | 3200 |
| TORNTPHARM | 2948.1 | 3000 |
| TORNTPOWER | 1262.95 | 1300 |
| TRENT | 4851.55 | 5000 |
| TVSMOTOR | 2225.5 | 2320 |
| ULTRACEMCO | 10128.45 | 10500 |
| UNIONBANK | 112.1 | 115 |
| UNITDSPR | 1284.45 | 1300 |
| UPL | 632.95 | 640 |
| USDINR | 0 | 77.25 |
| VBL | 436.05 | 470 |
| VEDL | 394.75 | 430 |
| VOLTAS | 1320.1 | 1300 |
| WIPRO | 277.65 | 290 |
| YESBANK | 16.75 | 18 |
| ZOMATO | 222.1 | 230 |
| ZYDUSLIFE | 876.6 | 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.
