POONAWALLA
Poonawalla Fincorp Ltd
Max pain for POONAWALLA
12 Dec 2024 09:14 AM IST
Max Pain for POONAWALLA is 330
Strike 300 has a total call value of 0 versus a total put value of 1,422,450,000 Combined total value = 1,422,450,000
Strike 305 has a total call value of 0 versus a total put value of 1,185,375,000 Combined total value = 1,185,375,000
Strike 310 has a total call value of 0 versus a total put value of 948,300,000 Combined total value = 948,300,000
Strike 315 has a total call value of 0 versus a total put value of 711,225,000 Combined total value = 711,225,000
Strike 320 has a total call value of 0 versus a total put value of 474,150,000 Combined total value = 474,150,000
Strike 325 has a total call value of 0 versus a total put value of 237,075,000 Combined total value = 237,075,000
Strike 330 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 335 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 340 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 345 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 350 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 355 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 360 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 365 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 370 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 375 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 380 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 385 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 390 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 395 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 400 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 405 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 410 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 415 has a total call value of 155,875,000 versus a total put value of 0 Combined total value = 155,875,000
Strike 420 has a total call value of 311,750,000 versus a total put value of 0 Combined total value = 311,750,000
Strike 425 has a total call value of 467,625,000 versus a total put value of 0 Combined total value = 467,625,000
Strike 430 has a total call value of 623,500,000 versus a total put value of 0 Combined total value = 623,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 444.1 | 480 |
| ABB | 7711 | 7600 |
| ABBOTINDIA | 28874.15 | 27750 |
| ABCAPITAL | 201.4 | 185 |
| ABFRL | 308 | 295 |
| ACC | 2243.9 | 2160 |
| ADANIENSOL | 789.5 | 700 |
| ADANIENT | 2455.1 | 1800 |
| ADANIGREEN | 1148 | 1060 |
| ADANIPORTS | 1229.8 | 1080 |
| ALKEM | 5466 | 5100 |
| AMBUJACEM | 573.4 | 450 |
| ANGELONE | 3436 | 3200 |
| APLAPOLLO | 1606.75 | 1520 |
| APOLLOHOSP | 7263.9 | 7100 |
| APOLLOTYRE | 537.65 | 470 |
| ASHOKLEY | 230.82 | 225 |
| ASIANPAINT | 2405 | 3200 |
| ASTRAL | 1853.15 | 1760 |
| ATGL | 719.75 | 680 |
| ATUL | 7414.05 | 7000 |
| AUBANK | 593.4 | 590 |
| AUROPHARMA | 1226.2 | 1140 |
| AXISBANK | 1150.1 | 1360 |
| BAJAJ-AUTO | 9025 | 8600 |
| BAJAJFINSV | 1678.7 | 1480 |
| BAJFINANCE | 7092 | 6700 |
| BALKRISIND | 2808.35 | 2600 |
| BANDHANBNK | 173.32 | 165 |
| BANKBARODA | 259.89 | 247.5 |
| BANKINDIA | 114.22 | 108 |
| BATAINDIA | 1441.75 | 1410 |
| BEL | 314.2 | 285 |
| BERGEPAINT | 474.8 | 620 |
| BHARATFORG | 1362.7 | 1340 |
| BHARTIARTL | 1602.3 | 1480 |
| BHEL | 252.1 | 240 |
| BIOCON | 365.85 | 375 |
| BOSCHLTD | 36175.15 | 34000 |
| BPCL | 304.4 | 290 |
| BRITANNIA | 4888 | 4400 |
| BSE | 5668.1 | 5100 |
| BSOFT | 617.35 | 570 |
| CAMS | 5290.5 | 4800 |
| CANBK | 108.35 | 80 |
| CANFINHOME | 819.25 | 760 |
| CDSL | 1951.4 | 1840 |
| CESC | 193.12 | 192.5 |
| CGPOWER | 785.35 | 780 |
| CHAMBLFERT | 530.65 | 490 |
| CHOLAFIN | 1349.15 | 1400 |
| CIPLA | 1458.9 | 1380 |
| COALINDIA | 415.55 | 375 |
| COFORGE | 9110 | 8600 |
| COLPAL | 2901.1 | 2650 |
| CONCOR | 837.6 | 740 |
| COROMANDEL | 1767.3 | 1600 |
| CROMPTON | 414.4 | 370 |
| CUB | 185 | 180 |
| CUMMINSIND | 3608 | 3400 |
| CYIENT | 2100 | 2000 |
| DABUR | 510.25 | 600 |
| DALBHARAT | 1968.9 | 1880 |
| DEEPAKNTR | 2716 | 2450 |
| DELHIVERY | 388.45 | 365 |
| DIVISLAB | 5982.7 | 5750 |
| DIXON | 17693 | 16500 |
| DLF | 872.25 | 710 |
| DMART | 3721.2 | 3500 |
| DRREDDY | 1233 | 1000 |
| EICHERMOT | 4787.4 | 4750 |
| ESCORTS | 3493.55 | 3400 |
| EXIDEIND | 468.6 | 420 |
| FEDERALBNK | 214.81 | 212.5 |
| GAIL | 205.86 | 187.5 |
| GLENMARK | 1536.6 | 1460 |
| GMRINFRA | 0 | 36 |
| GNFC | 622.05 | 600 |
| GODREJCP | 1136.05 | 1060 |
| GODREJPROP | 2897 | 2700 |
| GRANULES | 585 | 530 |
| GRASIM | 2662.5 | 2600 |
| GUJGASLTD | 513.9 | 490 |
| HAL | 4669 | 4200 |
| HAVELLS | 1756.25 | 1660 |
| HCLTECH | 1937.5 | 1840 |
| HDFCAMC | 4530.1 | 4300 |
| HDFCBANK | 1860.05 | 1810 |
| HDFCLIFE | 632.25 | 600 |
| HEROMOTOCO | 4654.3 | 4400 |
| HFCL | 126.89 | 125 |
| HINDALCO | 676.2 | 520 |
| HINDCOPPER | 290.65 | 265 |
| HINDPETRO | 407.4 | 385 |
| HINDUNILVR | 2395.05 | 2300 |
| HUDCO | 252.75 | 220 |
| ICICIBANK | 1330.45 | 1280 |
| ICICIGI | 1936.05 | 1920 |
| ICICIPRULI | 692.25 | 670 |
| IDEA | 7.97 | 9 |
| IDFCFIRSTB | 65.14 | 66 |
| IEX | 190.42 | 172.5 |
| IGL | 389.9 | 330 |
| INDHOTEL | 840.15 | 780 |
| INDIAMART | 2400.2 | 2150 |
| INDIANB | 583.15 | 540 |
| INDIGO | 4443.05 | 4200 |
| INDUSINDBK | 987.35 | 860 |
| INDUSTOWER | 357 | 310 |
| INFY | 1982.35 | 1660 |
| IOC | 142.23 | 120 |
| IPCALAB | 1558.5 | 1520 |
| IRB | 58.63 | 55 |
| IRCTC | 855.25 | 860 |
| IRFC | 165.95 | 150 |
| ITC | 464.1 | 480 |
| JINDALSTEL | 991.5 | 960 |
| JIOFIN | 344.2 | 300 |
| JKCEMENT | 4707.75 | 4500 |
| JSL | 753.3 | 750 |
| JSWENERGY | 680.35 | 610 |
| JSWSTEEL | 996 | 960 |
| JUBLFOOD | 685.4 | 660 |
| KALYANKJIL | 773 | 720 |
| KEI | 4581.15 | 4200 |
| KOTAKBANK | 1791.95 | 1700 |
| KPITTECH | 1561.55 | 1460 |
| LALPATHLAB | 3140 | 2950 |
| LAURUSLABS | 572.85 | 530 |
| LICHSGFIN | 635.05 | 550 |
| LICI | 942.45 | 800 |
| LODHA | 1422.7 | 1200 |
| LT | 3897.95 | 3300 |
| LTF | 149.4 | 150 |
| LTIM | 6657.55 | 6400 |
| LTTS | 5414.9 | 5150 |
| LUPIN | 2140.1 | 2060 |
| M&M | 3077.5 | 2850 |
| M&MFIN | 281.95 | 295 |
| MANAPPURAM | 176 | 160 |
| MARICO | 645.15 | 640 |
| MARUTI | 11255.1 | 10800 |
| MAXHEALTH | 1143.2 | 1000 |
| MCX | 6780.05 | 6300 |
| METROPOLIS | 2218.9 | 1840 |
| MFSL | 1136.2 | 1140 |
| MGL | 1285 | 1600 |
| MOTHERSON | 166.33 | 167.5 |
| MPHASIS | 3232 | 3000 |
| MRF | 132380.15 | 130500 |
| MUTHOOTFIN | 2067.4 | 1800 |
| NATIONALUM | 247.56 | 200 |
| NAUKRI | 8631.5 | 8100 |
| NAVINFLUOR | 3590.1 | 3400 |
| NCC | 306.3 | 285 |
| NESTLEIND | 2240.7 | 2160 |
| NHPC | 86.46 | 87 |
| NMDC | 241.06 | 215 |
| NTPC | 365 | 345 |
| NYKAA | 170.16 | 160 |
| OBEROIRLTY | 2142.35 | 1960 |
| OFSS | 12364.95 | 11250 |
| OIL | 469.15 | 430 |
| ONGC | 257.65 | 224 |
| PAGEIND | 47147.5 | 44500 |
| PAYTM | 958.65 | 880 |
| PEL | 1262.55 | 1320 |
| PERSISTENT | 6474.6 | 6000 |
| PETRONET | 342 | 293 |
| PFC | 513 | 450 |
| PIDILITIND | 3176.7 | 3100 |
| PIIND | 4038.5 | 3900 |
| PNB | 108.75 | 103 |
| POLICYBZR | 2177 | 1950 |
| POLYCAB | 7416 | 7000 |
| POONAWALLA | 365.9 | 330 |
| POWERGRID | 328.2 | 325 |
| PRESTIGE | 1770.8 | 1500 |
| PVRINOX | 1474.8 | 1400 |
| RAMCOCEM | 1017.95 | 980 |
| RBLBANK | 178.23 | 150 |
| RECLTD | 569.85 | 480 |
| RELIANCE | 1274.3 | 1600 |
| SAIL | 126.26 | 120 |
| SBICARD | 727.25 | 690 |
| SBILIFE | 1442.5 | 1360 |
| SBIN | 863.2 | 800 |
| SHREECEM | 27233.65 | 26250 |
| SHRIRAMFIN | 3256 | 3000 |
| SIEMENS | 7848.7 | 8600 |
| SJVN | 120.12 | 122.5 |
| SONACOMS | 641.3 | 600 |
| SRF | 2328.6 | 2260 |
| SUNPHARMA | 1815.8 | 1640 |
| SUNTV | 746.8 | 620 |
| SUPREMEIND | 4931.5 | 5600 |
| SYNGENE | 900.4 | 900 |
| TATACHEM | 1116.45 | 1040 |
| TATACOMM | 1835.25 | 1920 |
| TATACONSUM | 930.6 | 840 |
| TATAELXSI | 7405.1 | 6900 |
| TATAMOTORS | 794.55 | 880 |
| TATAPOWER | 433.55 | 415 |
| TATASTEEL | 150.03 | 142.5 |
| TCS | 4461.35 | 3300 |
| TECHM | 1799 | 1740 |
| TIINDIA | 3699.85 | 3500 |
| TITAN | 3442.5 | 2700 |
| TORNTPHARM | 3383.6 | 3100 |
| TRENT | 7007.55 | 6600 |
| TVSMOTOR | 2518.2 | 2300 |
| UBL | 1980.1 | 1800 |
| ULTRACEMCO | 11887.2 | 11500 |
| UNIONBANK | 128.9 | 120 |
| UNITDSPR | 1522.15 | 1420 |
| UPL | 547.65 | 640 |
| VBL | 645.35 | 550 |
| VEDL | 521.5 | 390 |
| VOLTAS | 1790 | 1700 |
| WIPRO | 311.35 | 245 |
| YESBANK | 21.5 | 20 |
| ZOMATO | 293.3 | 300 |
| ZYDUSLIFE | 983 | 880 |
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.
