POWERGRID
Power Grid Corp. Ltd.
Max pain for POWERGRID
21 May 2025 03:42 PM IST
Max Pain for POWERGRID is 302.5
Strike 245 has a total call value of 0 versus a total put value of 68,380,200,000 Combined total value = 68,380,200,000
Strike 247.5 has a total call value of 0 versus a total put value of 65,092,950,000 Combined total value = 65,092,950,000
Strike 250 has a total call value of 0 versus a total put value of 61,805,700,000 Combined total value = 61,805,700,000
Strike 252.5 has a total call value of 4,950,000 versus a total put value of 58,635,900,000 Combined total value = 58,640,850,000
Strike 255 has a total call value of 9,900,000 versus a total put value of 55,466,100,000 Combined total value = 55,476,000,000
Strike 257.5 has a total call value of 14,850,000 versus a total put value of 52,296,300,000 Combined total value = 52,311,150,000
Strike 260 has a total call value of 19,800,000 versus a total put value of 49,126,500,000 Combined total value = 49,146,300,000
Strike 262.5 has a total call value of 24,750,000 versus a total put value of 46,038,150,000 Combined total value = 46,062,900,000
Strike 265 has a total call value of 29,700,000 versus a total put value of 42,980,850,000 Combined total value = 43,010,550,000
Strike 267.5 has a total call value of 34,650,000 versus a total put value of 39,942,900,000 Combined total value = 39,977,550,000
Strike 270 has a total call value of 39,600,000 versus a total put value of 36,904,950,000 Combined total value = 36,944,550,000
Strike 272.5 has a total call value of 44,550,000 versus a total put value of 33,980,850,000 Combined total value = 34,025,400,000
Strike 275 has a total call value of 49,500,000 versus a total put value of 31,072,500,000 Combined total value = 31,122,000,000
Strike 277.5 has a total call value of 56,700,000 versus a total put value of 28,210,500,000 Combined total value = 28,267,200,000
Strike 280 has a total call value of 72,450,000 versus a total put value of 25,357,050,000 Combined total value = 25,429,500,000
Strike 282.5 has a total call value of 115,200,000 versus a total put value of 22,749,750,000 Combined total value = 22,864,950,000
Strike 285 has a total call value of 166,950,000 versus a total put value of 20,198,250,000 Combined total value = 20,365,200,000
Strike 287.5 has a total call value of 232,650,000 versus a total put value of 17,761,500,000 Combined total value = 17,994,150,000
Strike 290 has a total call value of 320,400,000 versus a total put value of 15,383,250,000 Combined total value = 15,703,650,000
Strike 292.5 has a total call value of 494,100,000 versus a total put value of 13,320,000,000 Combined total value = 13,814,100,000
Strike 295 has a total call value of 702,900,000 versus a total put value of 11,322,000,000 Combined total value = 12,024,900,000
Strike 297.5 has a total call value of 998,100,000 versus a total put value of 9,497,250,000 Combined total value = 10,495,350,000
Strike 300 has a total call value of 1,418,400,000 versus a total put value of 7,755,750,000 Combined total value = 9,174,150,000
Strike 302.5 has a total call value of 2,533,500,000 versus a total put value of 6,507,900,000 Combined total value = 9,041,400,000
Strike 305 has a total call value of 3,910,500,000 versus a total put value of 5,367,150,000 Combined total value = 9,277,650,000
Strike 307.5 has a total call value of 5,779,800,000 versus a total put value of 4,341,150,000 Combined total value = 10,120,950,000
Strike 310 has a total call value of 7,893,900,000 versus a total put value of 3,384,450,000 Combined total value = 11,278,350,000
Strike 312.5 has a total call value of 11,142,900,000 versus a total put value of 2,657,250,000 Combined total value = 13,800,150,000
Strike 315 has a total call value of 14,815,800,000 versus a total put value of 2,002,050,000 Combined total value = 16,817,850,000
Strike 317.5 has a total call value of 18,961,650,000 versus a total put value of 1,431,000,000 Combined total value = 20,392,650,000
Strike 320 has a total call value of 23,186,250,000 versus a total put value of 922,950,000 Combined total value = 24,109,200,000
Strike 322.5 has a total call value of 28,314,900,000 versus a total put value of 756,900,000 Combined total value = 29,071,800,000
Strike 325 has a total call value of 33,538,950,000 versus a total put value of 603,000,000 Combined total value = 34,141,950,000
Strike 327.5 has a total call value of 39,105,450,000 versus a total put value of 449,100,000 Combined total value = 39,554,550,000
Strike 330 has a total call value of 44,717,400,000 versus a total put value of 295,200,000 Combined total value = 45,012,600,000
Strike 332.5 has a total call value of 51,415,200,000 versus a total put value of 221,400,000 Combined total value = 51,636,600,000
Strike 335 has a total call value of 58,132,350,000 versus a total put value of 147,600,000 Combined total value = 58,279,950,000
Strike 337.5 has a total call value of 64,919,700,000 versus a total put value of 73,800,000 Combined total value = 64,993,500,000
Strike 340 has a total call value of 71,717,400,000 versus a total put value of 0 Combined total value = 71,717,400,000
Strike 342.5 has a total call value of 78,709,950,000 versus a total put value of 0 Combined total value = 78,709,950,000
Strike 345 has a total call value of 85,702,500,000 versus a total put value of 0 Combined total value = 85,702,500,000
Strike 347.5 has a total call value of 92,768,850,000 versus a total put value of 0 Combined total value = 92,768,850,000
Strike 350 has a total call value of 99,835,200,000 versus a total put value of 0 Combined total value = 99,835,200,000
Strike 352.5 has a total call value of 107,104,500,000 versus a total put value of 0 Combined total value = 107,104,500,000
Strike 355 has a total call value of 114,373,800,000 versus a total put value of 0 Combined total value = 114,373,800,000
Strike 357.5 has a total call value of 121,643,100,000 versus a total put value of 0 Combined total value = 121,643,100,000
Strike 360 has a total call value of 128,912,400,000 versus a total put value of 0 Combined total value = 128,912,400,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 468.8 | 460 |
| ABB | 5886.5 | 5700 |
| ABCAPITAL | 221.46 | 210 |
| ABFRL | 268.95 | 275 |
| ACC | 1941.4 | 1920 |
| ADANIENSOL | 872.15 | 900 |
| ADANIENT | 2500.4 | 2500 |
| ADANIGREEN | 996.5 | 960 |
| ADANIPORTS | 1384.6 | 1340 |
| ALKEM | 5374 | 5300 |
| AMBUJACEM | 567.8 | 570 |
| ANGELONE | 2866.2 | 2650 |
| APLAPOLLO | 1814.4 | 1700 |
| APOLLOHOSP | 6984 | 6950 |
| APOLLOTYRE | 488.1 | 485 |
| ASHOKLEY | 244.61 | 232.5 |
| ASIANPAINT | 2312.4 | 2340 |
| ASTRAL | 1377.7 | 1380 |
| ATGL | 663.35 | 650 |
| AUBANK | 692.9 | 670 |
| AUROPHARMA | 1204.1 | 1220 |
| AXISBANK | 1197.8 | 1180 |
| BAJAJ-AUTO | 8687.5 | 8500 |
| BAJAJFINSV | 2037.3 | 2020 |
| BAJFINANCE | 9197.5 | 9100 |
| BALKRISIND | 2665.6 | 2700 |
| BANDHANBNK | 168.22 | 167.5 |
| BANKBARODA | 241.3 | 235 |
| BANKINDIA | 117.96 | 115 |
| BEL | 383 | 365 |
| BHARATFORG | 1229 | 1200 |
| BHARTIARTL | 1822.5 | 1820 |
| BHEL | 247.42 | 245 |
| BIOCON | 340.65 | 335 |
| BOSCHLTD | 31655 | 31000 |
| BPCL | 315.85 | 310 |
| BRITANNIA | 5493.5 | 5500 |
| BSE | 7305 | 7000 |
| BSOFT | 424 | 420 |
| CAMS | 3887.5 | 3850 |
| CANBK | 107.84 | 104 |
| CDSL | 1450.3 | 1400 |
| CESC | 171.92 | 165 |
| CGPOWER | 694 | 660 |
| CHAMBLFERT | 603.85 | 630 |
| CHOLAFIN | 1656 | 1600 |
| CIPLA | 1482.4 | 1500 |
| COALINDIA | 405.35 | 400 |
| COFORGE | 8266 | 7800 |
| COLPAL | 2659.3 | 2660 |
| CONCOR | 731.55 | 720 |
| CROMPTON | 349.05 | 345 |
| CUMMINSIND | 2980.9 | 2900 |
| CYIENT | 1304.6 | 1260 |
| DABUR | 481.75 | 480 |
| DALBHARAT | 2089.3 | 2000 |
| DEEPAKNTR | 2090.2 | 2060 |
| DELHIVERY | 348.1 | 340 |
| DIVISLAB | 6552 | 6400 |
| DIXON | 15612 | 16000 |
| DLF | 775.15 | 750 |
| DMART | 4112.7 | 4100 |
| DRREDDY | 1224.7 | 1200 |
| EICHERMOT | 5409 | 5500 |
| ESCORTS | 3514.4 | 3400 |
| ETERNAL | 229.97 | 230 |
| EXIDEIND | 384.8 | 380 |
| FEDERALBNK | 200.82 | 195 |
| GAIL | 190.64 | 190 |
| GLENMARK | 1440.1 | 1420 |
| GMRAIRPORT | 87.63 | 88 |
| GODREJCP | 1280 | 1270 |
| GODREJPROP | 2181 | 2200 |
| GRANULES | 517.9 | 500 |
| GRASIM | 2706.9 | 2720 |
| HAL | 5001.1 | 4850 |
| HAVELLS | 1577.2 | 1600 |
| HCLTECH | 1652 | 1600 |
| HDFCAMC | 4815.5 | 4650 |
| HDFCBANK | 1926.8 | 1920 |
| HDFCLIFE | 759.7 | 730 |
| HEROMOTOCO | 4263.8 | 4100 |
| HFCL | 85.13 | 85 |
| HINDALCO | 663 | 650 |
| HINDCOPPER | 229.47 | 230 |
| HINDPETRO | 404.9 | 400 |
| HINDUNILVR | 2363.9 | 2360 |
| HINDZINC | 442.05 | 440 |
| HUDCO | 229.34 | 225 |
| ICICIBANK | 1444.7 | 1440 |
| ICICIGI | 1878.1 | 1880 |
| ICICIPRULI | 618.15 | 610 |
| IDEA | 6.76 | 7 |
| IDFCFIRSTB | 66.67 | 67 |
| IEX | 199.18 | 197.5 |
| IGL | 207.56 | 200 |
| IIFL | 413.15 | 400 |
| INDHOTEL | 773.1 | 770 |
| INDIANB | 601.7 | 590 |
| INDIGO | 5461.5 | 5400 |
| INDUSINDBK | 769.95 | 800 |
| INDUSTOWER | 387.95 | 390 |
| INFY | 1568.5 | 1540 |
| INOXWIND | 185.76 | 180 |
| IOC | 143.39 | 144 |
| IRB | 51.35 | 50 |
| IRCTC | 790.2 | 790 |
| IREDA | 172.21 | 170 |
| IRFC | 138.08 | 135 |
| ITC | 433 | 430 |
| JINDALSTEL | 968.5 | 940 |
| JIOFIN | 274.35 | 265 |
| JSL | 643.4 | 640 |
| JSWENERGY | 504.8 | 490 |
| JSWSTEEL | 1000.9 | 1000 |
| JUBLFOOD | 674.4 | 680 |
| KALYANKJIL | 552.05 | 540 |
| KEI | 3431.4 | 3300 |
| KOTAKBANK | 2071.3 | 2100 |
| KPITTECH | 1331.6 | 1300 |
| LAURUSLABS | 597.05 | 600 |
| LICHSGFIN | 595.75 | 600 |
| LICI | 853.8 | 840 |
| LODHA | 1409 | 1360 |
| LT | 3589 | 3500 |
| LTF | 173.58 | 170 |
| LTIM | 5033.8 | 4900 |
| LUPIN | 1996 | 2020 |
| M&M | 3090.7 | 3050 |
| M&MFIN | 260.25 | 257.85 |
| MANAPPURAM | 228.06 | 230 |
| MARICO | 709.65 | 720 |
| MARUTI | 12615 | 12200 |
| MAXHEALTH | 1142.1 | 1160 |
| MCX | 6370.5 | 6200 |
| MFSL | 1396.7 | 1340 |
| MGL | 1382 | 1380 |
| MOTHERSON | 148.24 | 142.5 |
| MPHASIS | 2557.6 | 2540 |
| MRF | 142285 | 140000 |
| MUTHOOTFIN | 2089.6 | 2100 |
| NATIONALUM | 181.75 | 180 |
| NAUKRI | 1475.5 | 1440 |
| NBCC | 113.21 | 107 |
| NCC | 233.54 | 230 |
| NESTLEIND | 2392.6 | 2380 |
| NHPC | 87.62 | 86 |
| NMDC | 70.15 | 70 |
| NTPC | 346.15 | 345 |
| NYKAA | 200.48 | 200 |
| OBEROIRLTY | 1731.9 | 1680 |
| OFSS | 8383.5 | 8435 |
| OIL | 426.5 | 420 |
| ONGC | 248.68 | 240 |
| PAGEIND | 47620 | 47000 |
| PATANJALI | 1725 | 1780 |
| PAYTM | 843.1 | 860 |
| PEL | 1139 | 1100 |
| PERSISTENT | 5670 | 5600 |
| PETRONET | 321.75 | 320 |
| PFC | 412.7 | 420 |
| PHOENIXLTD | 1617.8 | 1600 |
| PIDILITIND | 2986.2 | 3020 |
| PIIND | 3709.9 | 3700 |
| PNB | 101.9 | 100 |
| PNBHOUSING | 1050.8 | 1060 |
| POLICYBZR | 1726.7 | 1700 |
| POLYCAB | 6055 | 5900 |
| POONAWALLA | 397.2 | 390 |
| POWERGRID | 296.15 | 302.5 |
| PRESTIGE | 1432.6 | 1400 |
| RAMCOCEM | 978.8 | 980 |
| RBLBANK | 207.84 | 210 |
| RECLTD | 400.2 | 410 |
| RELIANCE | 1429.2 | 1390 |
| SAIL | 124.88 | 120 |
| SBICARD | 903.15 | 900 |
| SBILIFE | 1763.9 | 1740 |
| SBIN | 787.1 | 790 |
| SHREECEM | 31490 | 31000 |
| SHRIRAMFIN | 658 | 640 |
| SIEMENS | 3290.8 | 3100 |
| SJVN | 101.05 | 100 |
| SOLARINDS | 14192 | 13750 |
| SONACOMS | 525.05 | 510 |
| SRF | 2951.3 | 3000 |
| SUNPHARMA | 1731.8 | 1700 |
| SUPREMEIND | 3826 | 3800 |
| SYNGENE | 639.35 | 640 |
| TATACHEM | 859.1 | 860 |
| TATACOMM | 1664.7 | 1600 |
| TATACONSUM | 1138.8 | 1130 |
| TATAELXSI | 6184.5 | 6000 |
| TATAMOTORS | 726.8 | 700 |
| TATAPOWER | 401.85 | 400 |
| TATASTEEL | 161.64 | 155 |
| TATATECH | 757.2 | 700 |
| TCS | 3525.8 | 3500 |
| TECHM | 1598.2 | 1540 |
| TIINDIA | 3002.7 | 3000 |
| TITAGARH | 904.5 | 860 |
| TITAN | 3580.5 | 3500 |
| TORNTPHARM | 3289 | 3300 |
| TORNTPOWER | 1398.7 | 1420 |
| TRENT | 5443.5 | 5500 |
| TVSMOTOR | 2767.3 | 2780 |
| ULTRACEMCO | 11666 | 11800 |
| UNIONBANK | 139.46 | 132.5 |
| UNITDSPR | 1557.4 | 1540 |
| UPL | 638.4 | 650 |
| VBL | 479.15 | 500 |
| VEDL | 437.75 | 440 |
| VOLTAS | 1268.6 | 1280 |
| WIPRO | 250.92 | 247.5 |
| YESBANK | 20.98 | 21 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 889.65 | 890 |
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.
