POWERGRID
Power Grid Corp. Ltd.
Max pain for POWERGRID
17 Apr 2025 04:12 PM IST
Max Pain for POWERGRID is 297.5
Strike 200 has a total call value of 0 versus a total put value of 179,945,100,000 Combined total value = 179,945,100,000
Strike 205 has a total call value of 0 versus a total put value of 170,114,400,000 Combined total value = 170,114,400,000
Strike 207.5 has a total call value of 0 versus a total put value of 165,199,050,000 Combined total value = 165,199,050,000
Strike 210 has a total call value of 0 versus a total put value of 160,283,700,000 Combined total value = 160,283,700,000
Strike 212.5 has a total call value of 0 versus a total put value of 155,370,600,000 Combined total value = 155,370,600,000
Strike 215 has a total call value of 0 versus a total put value of 150,457,500,000 Combined total value = 150,457,500,000
Strike 217.5 has a total call value of 0 versus a total put value of 145,544,400,000 Combined total value = 145,544,400,000
Strike 220 has a total call value of 0 versus a total put value of 140,631,300,000 Combined total value = 140,631,300,000
Strike 222.5 has a total call value of 0 versus a total put value of 135,723,600,000 Combined total value = 135,723,600,000
Strike 225 has a total call value of 0 versus a total put value of 130,815,900,000 Combined total value = 130,815,900,000
Strike 227.5 has a total call value of 0 versus a total put value of 125,908,200,000 Combined total value = 125,908,200,000
Strike 230 has a total call value of 0 versus a total put value of 121,000,500,000 Combined total value = 121,000,500,000
Strike 232.5 has a total call value of 0 versus a total put value of 116,092,800,000 Combined total value = 116,092,800,000
Strike 235 has a total call value of 0 versus a total put value of 111,185,100,000 Combined total value = 111,185,100,000
Strike 237.5 has a total call value of 0 versus a total put value of 106,277,400,000 Combined total value = 106,277,400,000
Strike 240 has a total call value of 0 versus a total put value of 101,369,700,000 Combined total value = 101,369,700,000
Strike 242.5 has a total call value of 0 versus a total put value of 96,574,950,000 Combined total value = 96,574,950,000
Strike 245 has a total call value of 0 versus a total put value of 91,780,200,000 Combined total value = 91,780,200,000
Strike 247.5 has a total call value of 0 versus a total put value of 87,027,750,000 Combined total value = 87,027,750,000
Strike 250 has a total call value of 0 versus a total put value of 82,275,300,000 Combined total value = 82,275,300,000
Strike 252.5 has a total call value of 0 versus a total put value of 77,595,300,000 Combined total value = 77,595,300,000
Strike 255 has a total call value of 0 versus a total put value of 72,915,300,000 Combined total value = 72,915,300,000
Strike 257.5 has a total call value of 0 versus a total put value of 68,265,900,000 Combined total value = 68,265,900,000
Strike 260 has a total call value of 0 versus a total put value of 63,616,500,000 Combined total value = 63,616,500,000
Strike 262.5 has a total call value of 0 versus a total put value of 59,098,950,000 Combined total value = 59,098,950,000
Strike 265 has a total call value of 0 versus a total put value of 54,581,400,000 Combined total value = 54,581,400,000
Strike 267.5 has a total call value of 0 versus a total put value of 50,101,650,000 Combined total value = 50,101,650,000
Strike 270 has a total call value of 0 versus a total put value of 45,677,700,000 Combined total value = 45,677,700,000
Strike 272.5 has a total call value of 68,850,000 versus a total put value of 41,362,200,000 Combined total value = 41,431,050,000
Strike 275 has a total call value of 137,700,000 versus a total put value of 37,135,800,000 Combined total value = 37,273,500,000
Strike 277.5 has a total call value of 206,550,000 versus a total put value of 33,066,900,000 Combined total value = 33,273,450,000
Strike 280 has a total call value of 275,400,000 versus a total put value of 29,047,500,000 Combined total value = 29,322,900,000
Strike 282.5 has a total call value of 472,500,000 versus a total put value of 25,354,350,000 Combined total value = 25,826,850,000
Strike 285 has a total call value of 669,600,000 versus a total put value of 21,740,400,000 Combined total value = 22,410,000,000
Strike 287.5 has a total call value of 971,100,000 versus a total put value of 18,400,050,000 Combined total value = 19,371,150,000
Strike 290 has a total call value of 1,374,750,000 versus a total put value of 15,205,950,000 Combined total value = 16,580,700,000
Strike 292.5 has a total call value of 2,121,750,000 versus a total put value of 12,614,400,000 Combined total value = 14,736,150,000
Strike 295 has a total call value of 2,996,550,000 versus a total put value of 10,156,500,000 Combined total value = 13,153,050,000
Strike 297.5 has a total call value of 4,110,300,000 versus a total put value of 7,988,400,000 Combined total value = 12,098,700,000
Strike 300 has a total call value of 6,138,000,000 versus a total put value of 6,054,750,000 Combined total value = 12,192,750,000
Strike 302.5 has a total call value of 8,830,350,000 versus a total put value of 4,678,650,000 Combined total value = 13,509,000,000
Strike 305 has a total call value of 11,652,300,000 versus a total put value of 3,453,300,000 Combined total value = 15,105,600,000
Strike 307.5 has a total call value of 15,187,050,000 versus a total put value of 2,542,500,000 Combined total value = 17,729,550,000
Strike 310 has a total call value of 18,931,950,000 versus a total put value of 1,753,200,000 Combined total value = 20,685,150,000
Strike 312.5 has a total call value of 23,784,750,000 versus a total put value of 1,337,850,000 Combined total value = 25,122,600,000
Strike 315 has a total call value of 28,751,400,000 versus a total put value of 950,850,000 Combined total value = 29,702,250,000
Strike 317.5 has a total call value of 34,121,250,000 versus a total put value of 603,000,000 Combined total value = 34,724,250,000
Strike 320 has a total call value of 39,657,600,000 versus a total put value of 262,800,000 Combined total value = 39,920,400,000
Strike 322.5 has a total call value of 45,778,500,000 versus a total put value of 197,100,000 Combined total value = 45,975,600,000
Strike 325 has a total call value of 51,936,300,000 versus a total put value of 131,400,000 Combined total value = 52,067,700,000
Strike 327.5 has a total call value of 58,203,900,000 versus a total put value of 65,700,000 Combined total value = 58,269,600,000
Strike 330 has a total call value of 64,495,800,000 versus a total put value of 0 Combined total value = 64,495,800,000
Strike 332.5 has a total call value of 70,989,300,000 versus a total put value of 0 Combined total value = 70,989,300,000
Strike 335 has a total call value of 77,492,700,000 versus a total put value of 0 Combined total value = 77,492,700,000
Strike 337.5 has a total call value of 84,035,250,000 versus a total put value of 0 Combined total value = 84,035,250,000
Strike 340 has a total call value of 90,577,800,000 versus a total put value of 0 Combined total value = 90,577,800,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 399.75 | 395 |
| ABB | 5571.5 | 5400 |
| ABCAPITAL | 198.18 | 190 |
| ABFRL | 266.2 | 265 |
| ACC | 2061.7 | 2060 |
| ADANIENSOL | 914.15 | 880 |
| ADANIENT | 2418.1 | 2400 |
| ADANIGREEN | 947.15 | 940 |
| ADANIPORTS | 1259.4 | 1200 |
| ALKEM | 4953.3 | 4900 |
| AMBUJACEM | 569.8 | 560 |
| ANGELONE | 2356.2 | 2300 |
| APLAPOLLO | 1589.4 | 1540 |
| APOLLOHOSP | 7073.5 | 6700 |
| APOLLOTYRE | 451.75 | 435 |
| ASHOKLEY | 218.98 | 210 |
| ASIANPAINT | 2467.9 | 2400 |
| ASTRAL | 1306.8 | 1300 |
| ATGL | 608.25 | 600 |
| AUBANK | 586.55 | 560 |
| AUROPHARMA | 1171.6 | 1140 |
| AXISBANK | 1190.8 | 1110 |
| BAJAJ-AUTO | 8018 | 7900 |
| BAJAJFINSV | 2035.3 | 1960 |
| BAJFINANCE | 9162.5 | 9000 |
| BALKRISIND | 2503.9 | 2500 |
| BANDHANBNK | 158.79 | 152.5 |
| BANKBARODA | 242.81 | 235 |
| BANKINDIA | 117.1 | 114 |
| BEL | 295.15 | 290 |
| BERGEPAINT | 543.6 | 525 |
| BHARATFORG | 1068.2 | 1060 |
| BHARTIARTL | 1889.1 | 1780 |
| BHEL | 227.39 | 220 |
| BIOCON | 331.3 | 330 |
| BOSCHLTD | 27505 | 27000 |
| BPCL | 298.35 | 290 |
| BRITANNIA | 5454.6 | 5200 |
| BSE | 5931 | 5500 |
| BSOFT | 371.55 | 380 |
| CAMS | 3882.5 | 3800 |
| CANBK | 96.02 | 95 |
| CDSL | 1241.9 | 1200 |
| CESC | 158.16 | 155 |
| CGPOWER | 619.85 | 600 |
| CHAMBLFERT | 673.6 | 640 |
| CHOLAFIN | 1587.3 | 1520 |
| CIPLA | 1515.2 | 1480 |
| COALINDIA | 398.85 | 400 |
| COFORGE | 6600 | 6600 |
| COLPAL | 2570.5 | 2500 |
| CONCOR | 699.15 | 700 |
| CROMPTON | 332.2 | 335 |
| CUMMINSIND | 2891.2 | 2900 |
| CYIENT | 1189.5 | 1200 |
| DABUR | 479.3 | 480 |
| DALBHARAT | 1851.6 | 1840 |
| DEEPAKNTR | 1959.8 | 1920 |
| DELHIVERY | 281.05 | 260 |
| DIVISLAB | 5640 | 5700 |
| DIXON | 15323 | 14500 |
| DLF | 669.4 | 660 |
| DMART | 4357.1 | 4100 |
| DRREDDY | 1163.6 | 1150 |
| EICHERMOT | 5678.5 | 5500 |
| ESCORTS | 3265.2 | 3200 |
| ETERNAL | 231.6 | 220 |
| EXIDEIND | 375.3 | 370 |
| FEDERALBNK | 194.85 | 192.5 |
| GAIL | 186.99 | 182.5 |
| GLENMARK | 1342.4 | 1400 |
| GMRAIRPORT | 86.53 | 82 |
| GODREJCP | 1239.3 | 1200 |
| GODREJPROP | 1991.1 | 2000 |
| GOLDM | 94820 | 93000 |
| GRANULES | 467.5 | 470 |
| GRASIM | 2760.7 | 2620 |
| HAL | 4220.4 | 4200 |
| HAVELLS | 1638.5 | 1560 |
| HCLTECH | 1438 | 1460 |
| HDFCAMC | 4218 | 4100 |
| HDFCBANK | 1906.7 | 1840 |
| HDFCLIFE | 720.05 | 700 |
| HEROMOTOCO | 3771.8 | 3700 |
| HFCL | 83.3 | 82 |
| HINDALCO | 609.5 | 620 |
| HINDCOPPER | 210.41 | 215 |
| HINDPETRO | 387.7 | 375 |
| HINDUNILVR | 2375 | 2300 |
| HINDZINC | 439.7 | 430 |
| HUDCO | 228.84 | 220 |
| ICICIBANK | 1406.7 | 1340 |
| ICICIGI | 1793.4 | 1780 |
| ICICIPRULI | 595.65 | 580 |
| IDEA | 7.31 | 8 |
| IDFCFIRSTB | 63 | 60 |
| IEX | 187.62 | 180 |
| IGL | 176.95 | 180 |
| IIFL | 334.4 | 330 |
| INDHOTEL | 841.2 | 820 |
| INDIANB | 575.2 | 550 |
| INDIGO | 5366 | 5200 |
| INDUSINDBK | 794.7 | 740 |
| INDUSTOWER | 397.9 | 370 |
| INFY | 1419.5 | 1460 |
| INOXWIND | 162.85 | 155 |
| IOC | 134.3 | 132.5 |
| IRB | 46.91 | 45 |
| IRCTC | 769.4 | 740 |
| IREDA | 173.41 | 160 |
| IRFC | 129.48 | 125 |
| ITC | 427.25 | 410 |
| JINDALSTEL | 881.7 | 880 |
| JIOFIN | 246.47 | 237.5 |
| JSL | 561.45 | 560 |
| JSWENERGY | 507.9 | 510 |
| JSWSTEEL | 1007.2 | 1000 |
| JUBLFOOD | 697.75 | 680 |
| KALYANKJIL | 524.65 | 510 |
| KEI | 2826 | 2800 |
| KOTAKBANK | 2188.1 | 2120 |
| KPITTECH | 1136.2 | 1160 |
| LAURUSLABS | 628.05 | 600 |
| LICHSGFIN | 604.45 | 580 |
| LICI | 803.2 | 800 |
| LODHA | 1236.1 | 1200 |
| LT | 3247.3 | 3280 |
| LTF | 163.69 | 155 |
| LTIM | 4191.9 | 4300 |
| LUPIN | 1937.2 | 2000 |
| M&M | 2679.4 | 2700 |
| M&MFIN | 275.5 | 270 |
| MANAPPURAM | 229.21 | 230 |
| MARICO | 714.8 | 700 |
| MARUTI | 11695 | 11500 |
| MAXHEALTH | 1084.4 | 1100 |
| MCX | 5668.5 | 5500 |
| MFSL | 1218 | 1180 |
| MGL | 1251.6 | 1280 |
| MOTHERSON | 129.67 | 127.5 |
| MPHASIS | 2273.7 | 2240 |
| MRF | 126475 | 121000 |
| MUTHOOTFIN | 2111.6 | 2100 |
| NATIONALUM | 152.89 | 165 |
| NAUKRI | 6734.5 | 6700 |
| NBCC | 98.4 | 90 |
| NCC | 217.78 | 212.5 |
| NESTLEIND | 2416.6 | 2300 |
| NHPC | 84.98 | 84 |
| NMDC | 65.87 | 66 |
| NTPC | 364 | 360 |
| NYKAA | 189.45 | 180 |
| OBEROIRLTY | 1640.7 | 1600 |
| OFSS | 7950 | 7800 |
| OIL | 384.4 | 380 |
| ONGC | 243.49 | 240 |
| PAGEIND | 44855 | 43500 |
| PATANJALI | 1973.1 | 1920 |
| PAYTM | 849.6 | 820 |
| PEL | 995.1 | 980 |
| PERSISTENT | 4836 | 4800 |
| PETRONET | 303.95 | 300 |
| PFC | 423.7 | 420 |
| PHOENIXLTD | 1614.7 | 1550 |
| PIDILITIND | 3034.3 | 2940 |
| PIIND | 3645.3 | 3550 |
| PNB | 99.5 | 98 |
| PNBHOUSING | 990.65 | 940 |
| POLICYBZR | 1653 | 1600 |
| POLYCAB | 5293 | 5200 |
| POONAWALLA | 384.65 | 360 |
| POWERGRID | 309 | 297.5 |
| PRESTIGE | 1215.2 | 1160 |
| RAMCOCEM | 967.35 | 930 |
| RBLBANK | 183.64 | 180 |
| RECLTD | 428.6 | 430 |
| RELIANCE | 1274.5 | 1250 |
| SAIL | 113.96 | 115 |
| SBICARD | 906.35 | 870 |
| SBILIFE | 1608.2 | 1560 |
| SBIN | 797.45 | 780 |
| SHREECEM | 31000 | 30500 |
| SHRIRAMFIN | 691.75 | 660 |
| SIEMENS | 2810 | 2800 |
| SILVER | 95001 | 95000 |
| SJVN | 94.18 | 92.5 |
| SOLARINDS | 12233 | 11800 |
| SONACOMS | 451.7 | 440 |
| SRF | 2990.4 | 2900 |
| SUNPHARMA | 1751.5 | 1720 |
| SUPREMEIND | 3397.6 | 3350 |
| SYNGENE | 727 | 720 |
| TATACHEM | 848.75 | 850 |
| TATACOMM | 1565 | 1600 |
| TATACONSUM | 1120.2 | 1070 |
| TATAELXSI | 4900.5 | 4900 |
| TATAMOTORS | 621.55 | 630 |
| TATAPOWER | 381.7 | 390 |
| TATASTEEL | 137.14 | 140 |
| TATATECH | 651.5 | 650 |
| TCS | 3298.9 | 3300 |
| TECHM | 1306.8 | 1340 |
| TIINDIA | 2495.8 | 2550 |
| TITAGARH | 787.75 | 780 |
| TITAN | 3327.5 | 3180 |
| TORNTPHARM | 3254.8 | 3200 |
| TORNTPOWER | 1591 | 1540 |
| TRENT | 5130.5 | 5100 |
| TVSMOTOR | 2679.3 | 2520 |
| ULTRACEMCO | 11901 | 11500 |
| UNIONBANK | 126.59 | 125 |
| UNITDSPR | 1517.8 | 1440 |
| UPL | 656.2 | 640 |
| VBL | 556.75 | 540 |
| VEDL | 400.05 | 410 |
| VOLTAS | 1284.9 | 1300 |
| WIPRO | 236.9 | 240 |
| YESBANK | 18.09 | 17 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 831.55 | 850 |
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.
