POWERGRID
Power Grid Corp. Ltd.
Max pain for POWERGRID
31 Dec 2024 09:53 AM IST
Max Pain for POWERGRID is 310
Strike 270 has a total call value of 0 versus a total put value of 28,445,400,000 Combined total value = 28,445,400,000
Strike 275 has a total call value of 0 versus a total put value of 24,463,800,000 Combined total value = 24,463,800,000
Strike 280 has a total call value of 0 versus a total put value of 20,504,700,000 Combined total value = 20,504,700,000
Strike 285 has a total call value of 0 versus a total put value of 16,866,000,000 Combined total value = 16,866,000,000
Strike 290 has a total call value of 0 versus a total put value of 13,391,100,000 Combined total value = 13,391,100,000
Strike 295 has a total call value of 0 versus a total put value of 10,178,100,000 Combined total value = 10,178,100,000
Strike 300 has a total call value of 40,500,000 versus a total put value of 7,309,800,000 Combined total value = 7,350,300,000
Strike 305 has a total call value of 288,000,000 versus a total put value of 4,975,200,000 Combined total value = 5,263,200,000
Strike 310 has a total call value of 622,800,000 versus a total put value of 2,899,800,000 Combined total value = 3,522,600,000
Strike 315 has a total call value of 2,161,800,000 versus a total put value of 1,647,900,000 Combined total value = 3,809,700,000
Strike 320 has a total call value of 4,338,000,000 versus a total put value of 633,600,000 Combined total value = 4,971,600,000
Strike 325 has a total call value of 7,422,300,000 versus a total put value of 316,800,000 Combined total value = 7,739,100,000
Strike 330 has a total call value of 10,966,500,000 versus a total put value of 0 Combined total value = 10,966,500,000
Strike 335 has a total call value of 15,662,700,000 versus a total put value of 0 Combined total value = 15,662,700,000
Strike 340 has a total call value of 20,623,500,000 versus a total put value of 0 Combined total value = 20,623,500,000
Strike 345 has a total call value of 26,239,500,000 versus a total put value of 0 Combined total value = 26,239,500,000
Strike 350 has a total call value of 31,995,000,000 versus a total put value of 0 Combined total value = 31,995,000,000
Strike 355 has a total call value of 38,451,600,000 versus a total put value of 0 Combined total value = 38,451,600,000
Strike 360 has a total call value of 44,908,200,000 versus a total put value of 0 Combined total value = 44,908,200,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 407.7 | 420 |
| ABB | 6800 | 6900 |
| ABBOTINDIA | 29732 | 29000 |
| ABCAPITAL | 178.4 | 190 |
| ABFRL | 274.8 | 290 |
| ACC | 2054.55 | 2100 |
| ADANIENSOL | 806.45 | 800 |
| ADANIENT | 2539.5 | 2600 |
| ADANIGREEN | 1047.15 | 1060 |
| ADANIPORTS | 1211.95 | 1240 |
| ALKEM | 5588.95 | 5500 |
| AMBUJACEM | 538.3 | 560 |
| ANGELONE | 2854.95 | 2900 |
| APLAPOLLO | 1516.65 | 1500 |
| APOLLOHOSP | 7284.6 | 7300 |
| APOLLOTYRE | 534.1 | 540 |
| ASHOKLEY | 219.74 | 225 |
| ASIANPAINT | 2276.55 | 2300 |
| ASTRAL | 1659 | 1700 |
| ATGL | 725 | 700 |
| ATUL | 6911.65 | 7000 |
| AUBANK | 554.85 | 555 |
| AUROPHARMA | 1316.5 | 1300 |
| AXISBANK | 1063.95 | 1100 |
| BAJAJ-AUTO | 8795 | 9000 |
| BAJAJFINSV | 1564.15 | 1580 |
| BAJFINANCE | 6809.6 | 7000 |
| BALKRISIND | 2847.2 | 2800 |
| BANDHANBNK | 158.05 | 165 |
| BANKBARODA | 240.33 | 250 |
| BANKINDIA | 100.72 | 105 |
| BATAINDIA | 1383.3 | 1360 |
| BEL | 288.7 | 300 |
| BERGEPAINT | 446.35 | 450 |
| BHARATFORG | 1285 | 1320 |
| BHARTIARTL | 1574.3 | 1600 |
| BHEL | 228.3 | 240 |
| BIOCON | 364.6 | 360 |
| BOSCHLTD | 33859.05 | 34000 |
| BPCL | 292.25 | 295 |
| BRITANNIA | 4760.8 | 4800 |
| BSE | 5286.45 | 5300 |
| BSOFT | 563.75 | 580 |
| CAMS | 4886.25 | 5000 |
| CANBK | 99.63 | 102 |
| CANFINHOME | 754.8 | 760 |
| CDSL | 1730.2 | 1800 |
| CESC | 186.2 | 185 |
| CGPOWER | 738.2 | 740 |
| CHAMBLFERT | 490.3 | 500 |
| CHOLAFIN | 1196.25 | 1220 |
| CIPLA | 1520.6 | 1520 |
| COALINDIA | 376.95 | 390 |
| COFORGE | 9557.65 | 9500 |
| COLPAL | 2709.6 | 2750 |
| CONCOR | 775.75 | 800 |
| COROMANDEL | 1853 | 1860 |
| CROMPTON | 394.1 | 400 |
| CUB | 170.7 | 175 |
| CUMMINSIND | 3246 | 3300 |
| CYIENT | 1799.05 | 1900 |
| DABUR | 505.6 | 510 |
| DALBHARAT | 1757.1 | 1780 |
| DEEPAKNTR | 2510.6 | 2600 |
| DELHIVERY | 343.7 | 350 |
| DIVISLAB | 6062.1 | 5950 |
| DIXON | 17577.95 | 18000 |
| DLF | 822.9 | 840 |
| DMART | 3526 | 3550 |
| DRREDDY | 1371.55 | 1370 |
| EICHERMOT | 4845 | 4900 |
| ESCORTS | 3296.1 | 3250 |
| EXIDEIND | 410.55 | 420 |
| FEDERALBNK | 196.97 | 200 |
| GAIL | 189.6 | 200 |
| GLENMARK | 1599.85 | 1580 |
| GMRAIRPORT | 77.33 | 80 |
| GMRINFRA | 0 | 32 |
| GNFC | 552.75 | 570 |
| GODREJCP | 1071.6 | 1080 |
| GODREJPROP | 2761 | 2850 |
| GRANULES | 581.45 | 590 |
| GRASIM | 2421.25 | 2500 |
| GUJGASLTD | 493.8 | 500 |
| HAL | 4120.85 | 4300 |
| HAVELLS | 1670.65 | 1680 |
| HCLTECH | 1898.95 | 1900 |
| HDFCAMC | 4204.15 | 4300 |
| HDFCBANK | 1776.5 | 1800 |
| HDFCLIFE | 613.45 | 630 |
| HEROMOTOCO | 4173.15 | 4300 |
| HFCL | 110.4 | 115 |
| HINDALCO | 598.85 | 630 |
| HINDCOPPER | 244.4 | 260 |
| HINDPETRO | 404.35 | 410 |
| HINDUNILVR | 2348.85 | 2360 |
| HUDCO | 231 | 230 |
| ICICIBANK | 1283.35 | 1300 |
| ICICIGI | 1812.7 | 1840 |
| ICICIPRULI | 648.95 | 670 |
| IDEA | 7.65 | 8 |
| IDFCFIRSTB | 62.71 | 64 |
| IEX | 178.98 | 182.5 |
| IGL | 408.15 | 400 |
| INDHOTEL | 860.6 | 870 |
| INDIAMART | 2242.75 | 2200 |
| INDIANB | 529.5 | 550 |
| INDIGO | 4604.65 | 4650 |
| INDUSINDBK | 953.3 | 970 |
| INDUSTOWER | 337.35 | 350 |
| INFY | 1859 | 1920 |
| IOC | 134.77 | 140 |
| IPCALAB | 1655.35 | 1620 |
| IRB | 55.54 | 55 |
| IRCTC | 769.95 | 800 |
| IRFC | 147.84 | 145 |
| ITC | 476.4 | 480 |
| JINDALSTEL | 918.2 | 940 |
| JIOFIN | 298.15 | 310 |
| JKCEMENT | 4545.05 | 4600 |
| JSL | 684.95 | 700 |
| JSWENERGY | 636.5 | 650 |
| JSWSTEEL | 899.15 | 930 |
| JUBLFOOD | 710.65 | 710 |
| KALYANKJIL | 730.1 | 720 |
| KEI | 4340.15 | 4300 |
| KOTAKBANK | 1762.2 | 1800 |
| KPITTECH | 1432.8 | 1440 |
| LALPATHLAB | 2947.05 | 3000 |
| LAURUSLABS | 587.25 | 580 |
| LICHSGFIN | 588.6 | 600 |
| LICI | 887.6 | 900 |
| LODHA | 1358.75 | 1400 |
| LT | 3572.55 | 3700 |
| LTF | 135.14 | 140 |
| LTIM | 5556.85 | 5750 |
| LTTS | 4710 | 4700 |
| LUPIN | 2315 | 2280 |
| M&M | 2981 | 3000 |
| M&MFIN | 263.85 | 265 |
| MANAPPURAM | 187.8 | 185 |
| MARICO | 638.15 | 640 |
| MARUTI | 10780.95 | 11000 |
| MAXHEALTH | 1143.9 | 1140 |
| MCX | 6253.35 | 6400 |
| METROPOLIS | 2062.55 | 2080 |
| MFSL | 1099.55 | 1100 |
| MGL | 1276.85 | 1260 |
| MOTHERSON | 154 | 157.5 |
| MPHASIS | 2837.15 | 2900 |
| MRF | 129900 | 130000 |
| MUTHOOTFIN | 2117 | 2100 |
| NATIONALUM | 209.79 | 217.5 |
| NAUKRI | 8530.05 | 8700 |
| NAVINFLUOR | 3208.95 | 3400 |
| NCC | 271.4 | 280 |
| NESTLEIND | 2156.65 | 2200 |
| NHPC | 78.81 | 80 |
| NMDC | 67.32 | 70 |
| NTPC | 328.8 | 340 |
| NYKAA | 160.9 | 160 |
| OBEROIRLTY | 2278.95 | 2300 |
| OFSS | 12431.35 | 12500 |
| OIL | 423.65 | 430 |
| ONGC | 235.15 | 240 |
| PAGEIND | 46949.85 | 47000 |
| PAYTM | 1021.5 | 1000 |
| PEL | 1101.95 | 1120 |
| PERSISTENT | 6323.55 | 6400 |
| PETRONET | 343.45 | 345 |
| PFC | 445.85 | 460 |
| PIDILITIND | 2911.15 | 2960 |
| PIIND | 3692.35 | 3750 |
| PNB | 101.81 | 103 |
| POLICYBZR | 2056.9 | 2100 |
| POLYCAB | 7206.1 | 7200 |
| POONAWALLA | 313.85 | 320 |
| POWERGRID | 307.2 | 310 |
| PRESTIGE | 1692.1 | 1700 |
| PVRINOX | 1292.9 | 1340 |
| RAMCOCEM | 953.45 | 980 |
| RBLBANK | 156.18 | 160 |
| RECLTD | 500.05 | 520 |
| RELIANCE | 1209.5 | 1250 |
| SAIL | 112 | 120 |
| SBICARD | 668.65 | 690 |
| SBILIFE | 1387.6 | 1420 |
| SBIN | 792.5 | 820 |
| SHREECEM | 25892.5 | 26000 |
| SHRIRAMFIN | 2892.05 | 2950 |
| SIEMENS | 6482.1 | 6600 |
| SJVN | 104.99 | 107.5 |
| SONACOMS | 588.45 | 600 |
| SRF | 2212.75 | 2280 |
| SUNPHARMA | 1890.65 | 1860 |
| SUNTV | 685.5 | 700 |
| SUPREMEIND | 4685.4 | 4700 |
| SYNGENE | 854.05 | 860 |
| TATACHEM | 1040.9 | 1060 |
| TATACOMM | 1688.65 | 1720 |
| TATACONSUM | 901.85 | 910 |
| TATAELXSI | 6780.65 | 7000 |
| TATAMOTORS | 736.15 | 750 |
| TATAPOWER | 387.2 | 410 |
| TATASTEEL | 137.49 | 141 |
| TCS | 4062.3 | 4200 |
| TECHM | 1702.8 | 1720 |
| TIINDIA | 3509 | 3600 |
| TITAN | 3250 | 3350 |
| TORNTPHARM | 3363.35 | 3400 |
| TRENT | 6932.3 | 7000 |
| TVSMOTOR | 2356.3 | 2400 |
| UBL | 2042.75 | 2040 |
| ULTRACEMCO | 11216.25 | 11500 |
| UNIONBANK | 119.22 | 120 |
| UNITDSPR | 1616.15 | 1580 |
| UPL | 495.15 | 510 |
| VBL | 635.2 | 630 |
| VEDL | 440.65 | 470 |
| VOLTAS | 1749.25 | 1740 |
| WIPRO | 298 | 300 |
| YESBANK | 19.47 | 20 |
| ZOMATO | 276.25 | 260 |
| ZYDUSLIFE | 965.25 | 980 |
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.
