SAIL
Steel Authority Of India
Max pain for SAIL
14 Nov 2024 09:21 AM IST
Max Pain for SAIL is 115
Strike 95 has a total call value of 0 versus a total put value of 46,499,000,000 Combined total value = 46,499,000,000
Strike 97.5 has a total call value of 0 versus a total put value of 39,651,000,000 Combined total value = 39,651,000,000
Strike 100 has a total call value of 0 versus a total put value of 32,886,000,000 Combined total value = 32,886,000,000
Strike 102.5 has a total call value of 0 versus a total put value of 26,802,000,000 Combined total value = 26,802,000,000
Strike 105 has a total call value of 0 versus a total put value of 20,886,000,000 Combined total value = 20,886,000,000
Strike 107.5 has a total call value of 18,000,000 versus a total put value of 15,776,000,000 Combined total value = 15,794,000,000
Strike 110 has a total call value of 36,000,000 versus a total put value of 11,195,000,000 Combined total value = 11,231,000,000
Strike 112.5 has a total call value of 679,000,000 versus a total put value of 7,631,000,000 Combined total value = 8,310,000,000
Strike 115 has a total call value of 1,684,000,000 versus a total put value of 4,541,000,000 Combined total value = 6,225,000,000
Strike 117.5 has a total call value of 3,743,000,000 versus a total put value of 2,641,000,000 Combined total value = 6,384,000,000
Strike 120 has a total call value of 6,476,000,000 versus a total put value of 985,000,000 Combined total value = 7,461,000,000
Strike 122.5 has a total call value of 11,475,000,000 versus a total put value of 411,000,000 Combined total value = 11,886,000,000
Strike 125 has a total call value of 16,839,000,000 versus a total put value of 0 Combined total value = 16,839,000,000
Strike 127.5 has a total call value of 23,660,000,000 versus a total put value of 0 Combined total value = 23,660,000,000
Strike 130 has a total call value of 30,481,000,000 versus a total put value of 0 Combined total value = 30,481,000,000
Strike 132.5 has a total call value of 39,573,000,000 versus a total put value of 0 Combined total value = 39,573,000,000
Strike 135 has a total call value of 48,665,000,000 versus a total put value of 0 Combined total value = 48,665,000,000
Strike 137.5 has a total call value of 57,757,000,000 versus a total put value of 0 Combined total value = 57,757,000,000
Strike 140 has a total call value of 66,849,000,000 versus a total put value of 0 Combined total value = 66,849,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 431.8 | 440 |
| ABB | 6707.15 | 7000 |
| ABBOTINDIA | 27823.9 | 28000 |
| ABCAPITAL | 188.03 | 190 |
| ABFRL | 292.8 | 270 |
| ACC | 2192.45 | 2100 |
| ADANIENT | 2830 | 2920 |
| ADANIPORTS | 1282.65 | 1340 |
| ALKEM | 5651.75 | 5500 |
| AMBUJACEM | 542.4 | 560 |
| APOLLOHOSP | 6869.65 | 7000 |
| APOLLOTYRE | 461.7 | 470 |
| ASHOKLEY | 215.6 | 220 |
| ASIANPAINT | 2495 | 2520 |
| ASTRAL | 1720.25 | 1760 |
| ATUL | 7259.75 | 7400 |
| AUBANK | 569.1 | 580 |
| AUROPHARMA | 1270.25 | 1300 |
| AXISBANK | 1133 | 1090 |
| BAJAJ-AUTO | 9485.05 | 9700 |
| BAJAJFINSV | 1662.65 | 1700 |
| BAJFINANCE | 6582.2 | 6800 |
| BALKRISIND | 2725 | 2750 |
| BANDHANBNK | 166.09 | 172.5 |
| BANKBARODA | 244.55 | 225 |
| BATAINDIA | 1322.9 | 1320 |
| BEL | 278.45 | 290 |
| BERGEPAINT | 488.95 | 490 |
| BHARATFORG | 1333.4 | 1380 |
| BHARTIARTL | 1547.35 | 1580 |
| BHEL | 222.11 | 235 |
| BIOCON | 336.75 | 335 |
| BOSCHLTD | 33526.5 | 34000 |
| BPCL | 299.75 | 310 |
| BRITANNIA | 5025.55 | 5100 |
| BSOFT | 553.5 | 560 |
| CANBK | 99.47 | 102 |
| CANFINHOME | 815.3 | 840 |
| CHAMBLFERT | 460.5 | 480 |
| CHOLAFIN | 1192.5 | 1260 |
| CIPLA | 1510 | 1540 |
| COALINDIA | 409.65 | 424.25 |
| COFORGE | 8124.55 | 8000 |
| COLPAL | 2769.15 | 2850 |
| CONCOR | 781.5 | 810 |
| COROMANDEL | 1673.05 | 1700 |
| CROMPTON | 383.05 | 400 |
| CUB | 172.31 | 175 |
| CUMMINSIND | 3298.5 | 3400 |
| DABUR | 511.45 | 530 |
| DALBHARAT | 1711.8 | 1800 |
| DEEPAKNTR | 2503.05 | 2600 |
| DIVISLAB | 5789.7 | 5900 |
| DIXON | 14804.85 | 14500 |
| DLF | 757.2 | 780 |
| DRREDDY | 1248.8 | 1260 |
| EICHERMOT | 4887.05 | 4500 |
| ESCORTS | 3497 | 3600 |
| EXIDEIND | 417.95 | 440 |
| FEDERALBNK | 199.89 | 202.5 |
| GAIL | 190.22 | 195 |
| GLENMARK | 1556.1 | 1600 |
| GMRINFRA | 76.2 | 80 |
| GNFC | 545.4 | 560 |
| GODREJCP | 1189.4 | 1400 |
| GODREJPROP | 2583.25 | 3500 |
| GRANULES | 538.45 | 490 |
| GRASIM | 2498.3 | 2500 |
| GUJGASLTD | 493.6 | 510 |
| HAL | 4017 | 4300 |
| HAVELLS | 1609 | 1640 |
| HCLTECH | 1887.7 | 1560 |
| HDFCAMC | 4312.55 | 4550 |
| HDFCBANK | 1690.1 | 1720 |
| HDFCLIFE | 687.95 | 700 |
| HEROMOTOCO | 4500.5 | 4700 |
| HINDALCO | 631.35 | 650 |
| HINDCOPPER | 263.3 | 290 |
| HINDPETRO | 365.85 | 380 |
| HINDUNILVR | 2453.8 | 3000 |
| ICICIBANK | 1252.5 | 1260 |
| ICICIGI | 1864 | 1900 |
| ICICIPRULI | 691.95 | 710 |
| IDEA | 7.38 | 9 |
| IDFCFIRSTB | 64.23 | 65 |
| IEX | 162.78 | 140 |
| IGL | 416.45 | 420 |
| INDHOTEL | 710.55 | 710 |
| INDIAMART | 2311.35 | 2300 |
| INDIGO | 3842.1 | 3950 |
| INDUSINDBK | 1041.7 | 1060 |
| INDUSTOWER | 318 | 430 |
| INFY | 1867.95 | 1820 |
| IOC | 134.36 | 140 |
| IPCALAB | 1516.4 | 1520 |
| IRCTC | 799.05 | 820 |
| ITC | 471.95 | 420 |
| JINDALSTEL | 865 | 900 |
| JKCEMENT | 3953.3 | 4100 |
| JSWSTEEL | 934.65 | 960 |
| JUBLFOOD | 619.85 | 620 |
| KOTAKBANK | 1692.85 | 1760 |
| LALPATHLAB | 2965 | 3100 |
| LAURUSLABS | 482 | 490 |
| LICHSGFIN | 612.4 | 530 |
| LT | 3539.1 | 3600 |
| LTF | 135.69 | 125 |
| LTIM | 5966 | 6000 |
| LTTS | 5183 | 5200 |
| LUPIN | 2044.7 | 2100 |
| M&M | 2775 | 2850 |
| M&MFIN | 258.5 | 270 |
| MANAPPURAM | 160.28 | 155 |
| MARICO | 597.95 | 610 |
| MARUTI | 10995.6 | 11100 |
| MCX | 6057.05 | 6200 |
| METROPOLIS | 2051.3 | 2100 |
| MFSL | 1209.4 | 1360 |
| MGL | 1332.15 | 1400 |
| MOTHERSON | 162.9 | 170 |
| MPHASIS | 2873.45 | 2900 |
| MRF | 120799.85 | 120000 |
| MUTHOOTFIN | 1769.25 | 1800 |
| NATIONALUM | 224.81 | 225 |
| NAUKRI | 7607.5 | 7200 |
| NAVINFLUOR | 3273.6 | 3350 |
| NESTLEIND | 2237.35 | 2260 |
| NMDC | 225.49 | 225 |
| NTPC | 381.9 | 390 |
| OBEROIRLTY | 1946.8 | 1960 |
| OFSS | 11899.55 | 10500 |
| ONGC | 251.85 | 260 |
| PAGEIND | 45816.5 | 46000 |
| PEL | 1022.4 | 920 |
| PERSISTENT | 5778.3 | 5600 |
| PETRONET | 315.9 | 328 |
| PFC | 459.75 | 460 |
| PIDILITIND | 2988.25 | 2920 |
| PIIND | 4078.95 | 4400 |
| PNB | 101.61 | 105 |
| POLYCAB | 6335.5 | 6500 |
| POWERGRID | 312.3 | 320 |
| PVRINOX | 1459.65 | 1360 |
| RAMCOCEM | 889.05 | 880 |
| RBLBANK | 153.26 | 160 |
| RECLTD | 504.15 | 430 |
| RELIANCE | 1257.45 | 1300 |
| SAIL | 112.44 | 115 |
| SBICARD | 683.45 | 680 |
| SBILIFE | 1553 | 1580 |
| SBIN | 811.25 | 830 |
| SHREECEM | 23714.4 | 24250 |
| SHRIRAMFIN | 2832.35 | 2650 |
| SIEMENS | 6597.45 | 6900 |
| SRF | 2203.2 | 2280 |
| SUNPHARMA | 1791.75 | 1820 |
| SUNTV | 725.85 | 730 |
| SYNGENE | 861.65 | 880 |
| TATACHEM | 1045.05 | 1100 |
| TATACOMM | 1753.05 | 1780 |
| TATACONSUM | 950.05 | 980 |
| TATAMOTORS | 786.95 | 810 |
| TATAPOWER | 401.95 | 420 |
| TATASTEEL | 139.46 | 147.5 |
| TCS | 4154.2 | 4150 |
| TECHM | 1687.75 | 1660 |
| TITAN | 3179.85 | 3200 |
| TORNTPHARM | 3128.35 | 3100 |
| TRENT | 6444.55 | 6600 |
| TVSMOTOR | 2379.35 | 2450 |
| UBL | 1869.9 | 2000 |
| ULTRACEMCO | 10558.25 | 11000 |
| UNITDSPR | 1433.4 | 1300 |
| UPL | 510.5 | 530 |
| VEDL | 433.6 | 460 |
| VOLTAS | 1702.9 | 1700 |
| WIPRO | 573 | 560 |
| ZYDUSLIFE | 973.95 | 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.
