SENSEX
Sensex
Max pain for SENSEX
21 Nov 2024 11:58 AM IST
Max Pain for SENSEX is 77100
Strike 73300 has a total call value of 0 versus a total put value of 1,210,067,400,000 Combined total value = 1,210,067,400,000
Strike 73400 has a total call value of 0 versus a total put value of 1,167,726,000,000 Combined total value = 1,167,726,000,000
Strike 73500 has a total call value of 0 versus a total put value of 1,125,491,600,000 Combined total value = 1,125,491,600,000
Strike 73600 has a total call value of 0 versus a total put value of 1,083,799,400,000 Combined total value = 1,083,799,400,000
Strike 73700 has a total call value of 0 versus a total put value of 1,042,960,100,000 Combined total value = 1,042,960,100,000
Strike 73800 has a total call value of 0 versus a total put value of 1,002,279,800,000 Combined total value = 1,002,279,800,000
Strike 73900 has a total call value of 0 versus a total put value of 961,775,900,000 Combined total value = 961,775,900,000
Strike 74000 has a total call value of 0 versus a total put value of 921,412,000,000 Combined total value = 921,412,000,000
Strike 74100 has a total call value of 100,000 versus a total put value of 882,930,500,000 Combined total value = 882,930,600,000
Strike 74200 has a total call value of 200,000 versus a total put value of 844,601,200,000 Combined total value = 844,601,400,000
Strike 74300 has a total call value of 300,000 versus a total put value of 806,391,800,000 Combined total value = 806,392,100,000
Strike 74400 has a total call value of 400,000 versus a total put value of 768,365,000,000 Combined total value = 768,365,400,000
Strike 74500 has a total call value of 500,000 versus a total put value of 730,515,200,000 Combined total value = 730,515,700,000
Strike 74600 has a total call value of 600,000 versus a total put value of 694,035,300,000 Combined total value = 694,035,900,000
Strike 74700 has a total call value of 700,000 versus a total put value of 657,851,500,000 Combined total value = 657,852,200,000
Strike 74800 has a total call value of 800,000 versus a total put value of 621,814,900,000 Combined total value = 621,815,700,000
Strike 74900 has a total call value of 1,100,000 versus a total put value of 586,155,600,000 Combined total value = 586,156,700,000
Strike 75000 has a total call value of 1,400,000 versus a total put value of 551,088,300,000 Combined total value = 551,089,700,000
Strike 75100 has a total call value of 2,100,000 versus a total put value of 518,750,400,000 Combined total value = 518,752,500,000
Strike 75200 has a total call value of 2,800,000 versus a total put value of 486,780,900,000 Combined total value = 486,783,700,000
Strike 75300 has a total call value of 3,500,000 versus a total put value of 455,352,700,000 Combined total value = 455,356,200,000
Strike 75400 has a total call value of 4,200,000 versus a total put value of 424,364,700,000 Combined total value = 424,368,900,000
Strike 75500 has a total call value of 4,900,000 versus a total put value of 393,691,500,000 Combined total value = 393,696,400,000
Strike 75600 has a total call value of 8,300,000 versus a total put value of 364,417,800,000 Combined total value = 364,426,100,000
Strike 75700 has a total call value of 11,700,000 versus a total put value of 335,565,100,000 Combined total value = 335,576,800,000
Strike 75800 has a total call value of 15,600,000 versus a total put value of 307,175,700,000 Combined total value = 307,191,300,000
Strike 75900 has a total call value of 21,200,000 versus a total put value of 279,924,900,000 Combined total value = 279,946,100,000
Strike 76000 has a total call value of 35,700,000 versus a total put value of 253,254,700,000 Combined total value = 253,290,400,000
Strike 76100 has a total call value of 84,400,000 versus a total put value of 228,772,600,000 Combined total value = 228,857,000,000
Strike 76200 has a total call value of 155,500,000 versus a total put value of 204,935,200,000 Combined total value = 205,090,700,000
Strike 76300 has a total call value of 251,200,000 versus a total put value of 181,743,900,000 Combined total value = 181,995,100,000
Strike 76400 has a total call value of 373,000,000 versus a total put value of 159,437,800,000 Combined total value = 159,810,800,000
Strike 76500 has a total call value of 537,900,000 versus a total put value of 138,203,400,000 Combined total value = 138,741,300,000
Strike 76600 has a total call value of 885,700,000 versus a total put value of 118,938,500,000 Combined total value = 119,824,200,000
Strike 76700 has a total call value of 1,362,200,000 versus a total put value of 100,834,200,000 Combined total value = 102,196,400,000
Strike 76800 has a total call value of 2,056,200,000 versus a total put value of 83,907,300,000 Combined total value = 85,963,500,000
Strike 76900 has a total call value of 3,326,600,000 versus a total put value of 68,706,300,000 Combined total value = 72,032,900,000
Strike 77000 has a total call value of 5,498,800,000 versus a total put value of 55,091,300,000 Combined total value = 60,590,100,000
Strike 77100 has a total call value of 12,183,700,000 versus a total put value of 47,190,300,000 Combined total value = 59,374,000,000
Strike 77200 has a total call value of 20,840,700,000 versus a total put value of 41,278,200,000 Combined total value = 62,118,900,000
Strike 77300 has a total call value of 31,380,600,000 versus a total put value of 36,598,400,000 Combined total value = 67,979,000,000
Strike 77400 has a total call value of 43,235,700,000 versus a total put value of 32,452,600,000 Combined total value = 75,688,300,000
Strike 77500 has a total call value of 56,448,100,000 versus a total put value of 28,692,700,000 Combined total value = 85,140,800,000
Strike 77600 has a total call value of 72,190,900,000 versus a total put value of 25,621,800,000 Combined total value = 97,812,700,000
Strike 77700 has a total call value of 89,291,500,000 versus a total put value of 22,820,700,000 Combined total value = 112,112,200,000
Strike 77800 has a total call value of 107,788,400,000 versus a total put value of 20,327,100,000 Combined total value = 128,115,500,000
Strike 77900 has a total call value of 127,629,300,000 versus a total put value of 18,006,100,000 Combined total value = 145,635,400,000
Strike 78000 has a total call value of 148,364,300,000 versus a total put value of 15,752,700,000 Combined total value = 164,117,000,000
Strike 78100 has a total call value of 172,549,300,000 versus a total put value of 14,169,800,000 Combined total value = 186,719,100,000
Strike 78200 has a total call value of 197,714,300,000 versus a total put value of 12,671,900,000 Combined total value = 210,386,200,000
Strike 78300 has a total call value of 224,031,400,000 versus a total put value of 11,265,200,000 Combined total value = 235,296,600,000
Strike 78400 has a total call value of 251,415,000,000 versus a total put value of 9,969,600,000 Combined total value = 261,384,600,000
Strike 78500 has a total call value of 279,866,400,000 versus a total put value of 8,895,600,000 Combined total value = 288,762,000,000
Strike 78600 has a total call value of 310,984,200,000 versus a total put value of 8,185,500,000 Combined total value = 319,169,700,000
Strike 78700 has a total call value of 343,067,600,000 versus a total put value of 7,518,000,000 Combined total value = 350,585,600,000
Strike 78800 has a total call value of 375,974,000,000 versus a total put value of 6,879,700,000 Combined total value = 382,853,700,000
Strike 78900 has a total call value of 409,656,500,000 versus a total put value of 6,272,100,000 Combined total value = 415,928,600,000
Strike 79000 has a total call value of 444,169,100,000 versus a total put value of 5,687,400,000 Combined total value = 449,856,500,000
Strike 79100 has a total call value of 481,713,300,000 versus a total put value of 5,253,700,000 Combined total value = 486,967,000,000
Strike 79200 has a total call value of 520,164,700,000 versus a total put value of 4,831,200,000 Combined total value = 524,995,900,000
Strike 79300 has a total call value of 559,831,700,000 versus a total put value of 4,425,300,000 Combined total value = 564,257,000,000
Strike 79400 has a total call value of 600,154,900,000 versus a total put value of 4,029,100,000 Combined total value = 604,184,000,000
Strike 79500 has a total call value of 641,090,800,000 versus a total put value of 3,640,600,000 Combined total value = 644,731,400,000
Strike 79600 has a total call value of 684,695,200,000 versus a total put value of 3,309,600,000 Combined total value = 688,004,800,000
Strike 79700 has a total call value of 728,793,800,000 versus a total put value of 2,990,900,000 Combined total value = 731,784,700,000
Strike 79800 has a total call value of 773,827,300,000 versus a total put value of 2,682,800,000 Combined total value = 776,510,100,000
Strike 79900 has a total call value of 819,254,900,000 versus a total put value of 2,377,700,000 Combined total value = 821,632,600,000
Strike 80000 has a total call value of 864,994,100,000 versus a total put value of 2,076,300,000 Combined total value = 867,070,400,000
Strike 80100 has a total call value of 914,722,100,000 versus a total put value of 1,950,700,000 Combined total value = 916,672,800,000
Strike 80200 has a total call value of 965,052,400,000 versus a total put value of 1,835,300,000 Combined total value = 966,887,700,000
Strike 80300 has a total call value of 1,015,749,400,000 versus a total put value of 1,720,600,000 Combined total value = 1,017,470,000,000
Strike 80400 has a total call value of 1,066,775,800,000 versus a total put value of 1,606,100,000 Combined total value = 1,068,381,900,000
Strike 80500 has a total call value of 1,118,085,200,000 versus a total put value of 1,492,000,000 Combined total value = 1,119,577,200,000
Strike 80600 has a total call value of 1,171,302,800,000 versus a total put value of 1,377,900,000 Combined total value = 1,172,680,700,000
Strike 80700 has a total call value of 1,224,803,100,000 versus a total put value of 1,263,800,000 Combined total value = 1,226,066,900,000
Strike 80800 has a total call value of 1,278,490,300,000 versus a total put value of 1,149,700,000 Combined total value = 1,279,640,000,000
Strike 80900 has a total call value of 1,332,424,400,000 versus a total put value of 1,035,600,000 Combined total value = 1,333,460,000,000
Strike 81000 has a total call value of 1,386,528,000,000 versus a total put value of 921,500,000 Combined total value = 1,387,449,500,000
Strike 81100 has a total call value of 1,441,533,900,000 versus a total put value of 833,200,000 Combined total value = 1,442,367,100,000
Strike 81200 has a total call value of 1,496,639,100,000 versus a total put value of 744,900,000 Combined total value = 1,497,384,000,000
Strike 81300 has a total call value of 1,551,857,400,000 versus a total put value of 656,600,000 Combined total value = 1,552,514,000,000
Strike 81400 has a total call value of 1,607,165,600,000 versus a total put value of 568,300,000 Combined total value = 1,607,733,900,000
Strike 81500 has a total call value of 1,662,546,000,000 versus a total put value of 480,000,000 Combined total value = 1,663,026,000,000
Strike 81600 has a total call value of 1,718,982,300,000 versus a total put value of 401,900,000 Combined total value = 1,719,384,200,000
Strike 81700 has a total call value of 1,775,492,300,000 versus a total put value of 323,800,000 Combined total value = 1,775,816,100,000
Strike 81800 has a total call value of 1,832,003,900,000 versus a total put value of 245,700,000 Combined total value = 1,832,249,600,000
Strike 81900 has a total call value of 1,888,521,100,000 versus a total put value of 167,600,000 Combined total value = 1,888,688,700,000
Strike 82000 has a total call value of 1,945,055,500,000 versus a total put value of 89,500,000 Combined total value = 1,945,145,000,000
Strike 82100 has a total call value of 2,002,450,600,000 versus a total put value of 85,400,000 Combined total value = 2,002,536,000,000
Strike 82200 has a total call value of 2,059,849,300,000 versus a total put value of 81,300,000 Combined total value = 2,059,930,600,000
Strike 82300 has a total call value of 2,117,248,000,000 versus a total put value of 77,200,000 Combined total value = 2,117,325,200,000
Strike 82400 has a total call value of 2,174,646,700,000 versus a total put value of 73,100,000 Combined total value = 2,174,719,800,000
Strike 82500 has a total call value of 2,232,045,400,000 versus a total put value of 69,000,000 Combined total value = 2,232,114,400,000
Strike 82600 has a total call value of 2,289,950,400,000 versus a total put value of 64,900,000 Combined total value = 2,290,015,300,000
Strike 82700 has a total call value of 2,347,871,300,000 versus a total put value of 60,800,000 Combined total value = 2,347,932,100,000
Strike 82800 has a total call value of 2,405,792,200,000 versus a total put value of 56,700,000 Combined total value = 2,405,848,900,000
Strike 82900 has a total call value of 2,463,713,100,000 versus a total put value of 52,600,000 Combined total value = 2,463,765,700,000
Strike 83000 has a total call value of 2,521,634,000,000 versus a total put value of 48,500,000 Combined total value = 2,521,682,500,000
Strike 83100 has a total call value of 2,579,862,700,000 versus a total put value of 44,400,000 Combined total value = 2,579,907,100,000
Strike 83200 has a total call value of 2,638,091,400,000 versus a total put value of 40,300,000 Combined total value = 2,638,131,700,000
Strike 83300 has a total call value of 2,696,320,100,000 versus a total put value of 36,200,000 Combined total value = 2,696,356,300,000
Strike 83400 has a total call value of 2,754,548,800,000 versus a total put value of 32,100,000 Combined total value = 2,754,580,900,000
Strike 83500 has a total call value of 2,812,777,500,000 versus a total put value of 28,000,000 Combined total value = 2,812,805,500,000
Strike 83600 has a total call value of 2,871,006,200,000 versus a total put value of 23,900,000 Combined total value = 2,871,030,100,000
Strike 83700 has a total call value of 2,929,234,900,000 versus a total put value of 19,800,000 Combined total value = 2,929,254,700,000
Strike 83800 has a total call value of 2,987,463,600,000 versus a total put value of 15,700,000 Combined total value = 2,987,479,300,000
Strike 83900 has a total call value of 3,045,692,300,000 versus a total put value of 11,600,000 Combined total value = 3,045,703,900,000
Strike 84000 has a total call value of 3,103,921,700,000 versus a total put value of 7,500,000 Combined total value = 3,103,929,200,000
Strike 84100 has a total call value of 3,162,193,500,000 versus a total put value of 6,000,000 Combined total value = 3,162,199,500,000
Strike 84200 has a total call value of 3,220,471,400,000 versus a total put value of 4,500,000 Combined total value = 3,220,475,900,000
Strike 84300 has a total call value of 3,278,749,300,000 versus a total put value of 3,000,000 Combined total value = 3,278,752,300,000
Strike 84400 has a total call value of 3,337,027,200,000 versus a total put value of 1,500,000 Combined total value = 3,337,028,700,000
Strike 84500 has a total call value of 3,395,305,100,000 versus a total put value of 0 Combined total value = 3,395,305,100,000
Strike 84600 has a total call value of 3,453,606,300,000 versus a total put value of 0 Combined total value = 3,453,606,300,000
Strike 84700 has a total call value of 3,511,907,500,000 versus a total put value of 0 Combined total value = 3,511,907,500,000
Strike 84800 has a total call value of 3,570,208,700,000 versus a total put value of 0 Combined total value = 3,570,208,700,000
Strike 84900 has a total call value of 3,628,509,900,000 versus a total put value of 0 Combined total value = 3,628,509,900,000
Strike 85000 has a total call value of 3,686,811,100,000 versus a total put value of 0 Combined total value = 3,686,811,100,000
Strike 85100 has a total call value of 3,745,147,800,000 versus a total put value of 0 Combined total value = 3,745,147,800,000
Strike 85200 has a total call value of 3,803,484,500,000 versus a total put value of 0 Combined total value = 3,803,484,500,000
Strike 85300 has a total call value of 3,861,821,200,000 versus a total put value of 0 Combined total value = 3,861,821,200,000
Strike 85400 has a total call value of 3,920,157,900,000 versus a total put value of 0 Combined total value = 3,920,157,900,000
Strike 85500 has a total call value of 3,978,494,600,000 versus a total put value of 0 Combined total value = 3,978,494,600,000
Strike 85600 has a total call value of 4,036,881,100,000 versus a total put value of 0 Combined total value = 4,036,881,100,000
Strike 85700 has a total call value of 4,095,281,700,000 versus a total put value of 0 Combined total value = 4,095,281,700,000
Strike 85800 has a total call value of 4,153,682,300,000 versus a total put value of 0 Combined total value = 4,153,682,300,000
Strike 85900 has a total call value of 4,212,082,900,000 versus a total put value of 0 Combined total value = 4,212,082,900,000
Strike 86000 has a total call value of 4,270,483,500,000 versus a total put value of 0 Combined total value = 4,270,483,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 426.4 | 460 |
| ABB | 6781.6 | 7000 |
| ABBOTINDIA | 27002.45 | 28000 |
| ABCAPITAL | 181.48 | 200 |
| ABFRL | 286.5 | 300 |
| ACC | 2013.9 | 2260 |
| ADANIENT | 2271.6 | 2780 |
| ADANIPORTS | 1077.25 | 1200 |
| ALKEM | 5635.75 | 5600 |
| AMBUJACEM | 489.9 | 550 |
| APOLLOHOSP | 6695.95 | 6900 |
| APOLLOTYRE | 485.6 | 480 |
| ASHOKLEY | 218.76 | 220 |
| ASIANPAINT | 2447.55 | 2560 |
| ASTRAL | 1718.2 | 1780 |
| ATUL | 7276.65 | 7500 |
| AUBANK | 593.75 | 590 |
| AUROPHARMA | 1232.7 | 1300 |
| AXISBANK | 1147.95 | 1150 |
| BAJAJ-AUTO | 9496.5 | 9700 |
| BAJAJFINSV | 1579.2 | 1620 |
| BAJFINANCE | 6492.15 | 6700 |
| BALKRISIND | 2734.05 | 2800 |
| BANDHANBNK | 166.03 | 177.5 |
| BANKBARODA | 228.45 | 240 |
| BATAINDIA | 1284.05 | 1310 |
| BEL | 276.05 | 285 |
| BERGEPAINT | 466.45 | 495 |
| BHARATFORG | 1308.6 | 1340 |
| BHARTIARTL | 1512.4 | 1560 |
| BHEL | 224.49 | 230 |
| BIOCON | 324.95 | 330 |
| BOSCHLTD | 34130.85 | 34000 |
| BPCL | 283.35 | 300 |
| BRITANNIA | 4764.65 | 5000 |
| BSOFT | 545.75 | 560 |
| CANBK | 94.55 | 100 |
| CANFINHOME | 823.2 | 830 |
| CHAMBLFERT | 462.35 | 480 |
| CHOLAFIN | 1213.4 | 1260 |
| CIPLA | 1467.05 | 1520 |
| COALINDIA | 406.7 | 425 |
| COFORGE | 8213.4 | 8000 |
| COLPAL | 2705 | 2800 |
| CONCOR | 772.45 | 810 |
| COROMANDEL | 1773.45 | 1720 |
| CROMPTON | 386.65 | 390 |
| CUB | 169.4 | 175 |
| CUMMINSIND | 3297.75 | 3400 |
| DABUR | 506.15 | 525 |
| DALBHARAT | 1743 | 1740 |
| DEEPAKNTR | 2653.15 | 2650 |
| DIVISLAB | 5961.8 | 5900 |
| DIXON | 15114 | 14750 |
| DLF | 773.25 | 780 |
| DRREDDY | 1200.05 | 1220 |
| EICHERMOT | 4909.25 | 4900 |
| ESCORTS | 3415 | 3600 |
| EXIDEIND | 416.15 | 440 |
| FEDERALBNK | 208.69 | 205 |
| GAIL | 187.97 | 195 |
| GLENMARK | 1474.95 | 1540 |
| GMRINFRA | 76.82 | 82 |
| GNFC | 558.3 | 590 |
| GODREJCP | 1183.2 | 1200 |
| GODREJPROP | 2720.2 | 2750 |
| GRANULES | 544.6 | 580 |
| GRASIM | 2533.95 | 2540 |
| GUJGASLTD | 458.3 | 470 |
| HAL | 4000.95 | 4200 |
| HAVELLS | 1630.15 | 1640 |
| HCLTECH | 1826.6 | 1820 |
| HDFCAMC | 4200 | 4300 |
| HDFCBANK | 1746.65 | 1730 |
| HDFCLIFE | 671.25 | 680 |
| HEROMOTOCO | 4790.9 | 4800 |
| HINDALCO | 649.5 | 650 |
| HINDCOPPER | 262.75 | 290 |
| HINDPETRO | 362.1 | 380 |
| HINDUNILVR | 2389 | 2480 |
| ICICIBANK | 1250.2 | 1260 |
| ICICIGI | 1831.8 | 1860 |
| ICICIPRULI | 684.9 | 690 |
| IDEA | 6.9 | 8 |
| IDFCFIRSTB | 63.51 | 66 |
| IEX | 161.67 | 170 |
| IGL | 312.25 | 330 |
| INDHOTEL | 787 | 750 |
| INDIAMART | 2254.4 | 2350 |
| INDIGO | 4067.95 | 4000 |
| INDUSINDBK | 976 | 1040 |
| INDUSTOWER | 332.65 | 340 |
| INFY | 1825.5 | 1800 |
| IOC | 131.34 | 140 |
| IPCALAB | 1579.05 | 1560 |
| IRCTC | 795.15 | 820 |
| ITC | 458.5 | 475 |
| JINDALSTEL | 875.65 | 900 |
| JKCEMENT | 3989 | 4000 |
| JSWSTEEL | 945.5 | 960 |
| JUBLFOOD | 610.1 | 610 |
| KOTAKBANK | 1733.4 | 1760 |
| LALPATHLAB | 3027.05 | 3100 |
| LAURUSLABS | 490.75 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.8 | 3600 |
| LTF | 138.15 | 140 |
| LTIM | 5900.45 | 5900 |
| LTTS | 5128.7 | 5150 |
| LUPIN | 2053.9 | 2100 |
| M&M | 2935 | 2900 |
| M&MFIN | 258 | 265 |
| MANAPPURAM | 150.8 | 155 |
| MARICO | 588.65 | 600 |
| MARUTI | 10898.05 | 11000 |
| MCX | 6230.9 | 6200 |
| METROPOLIS | 2010.75 | 2060 |
| MFSL | 1177.1 | 1200 |
| MGL | 1120.25 | 1160 |
| MOTHERSON | 162.7 | 172.5 |
| MPHASIS | 2781.55 | 2850 |
| MRF | 123835.15 | 122500 |
| MUTHOOTFIN | 1895.5 | 1880 |
| NATIONALUM | 251.2 | 240 |
| NAUKRI | 7514.05 | 7600 |
| NAVINFLUOR | 3293.6 | 3400 |
| NESTLEIND | 2208.35 | 2280 |
| NMDC | 220.04 | 225 |
| NTPC | 359.15 | 375 |
| OBEROIRLTY | 1949 | 1960 |
| OFSS | 11198.85 | 11500 |
| ONGC | 244.5 | 254 |
| PAGEIND | 44780.05 | 45500 |
| PEL | 1054.7 | 1060 |
| PERSISTENT | 5744 | 5600 |
| PETRONET | 320.8 | 328 |
| PFC | 450 | 460 |
| PIDILITIND | 2987.95 | 3080 |
| PIIND | 4132.3 | 4200 |
| PNB | 97.03 | 102 |
| POLYCAB | 6479.15 | 6500 |
| POWERGRID | 321.3 | 320 |
| PVRINOX | 1453.35 | 1500 |
| RAMCOCEM | 914.7 | 890 |
| RBLBANK | 158.25 | 160 |
| RECLTD | 492.3 | 510 |
| RELIANCE | 1224 | 1290 |
| SAIL | 111.55 | 115 |
| SBICARD | 675.65 | 690 |
| SBILIFE | 1480.6 | 1540 |
| SBIN | 776.95 | 800 |
| SHREECEM | 24259.4 | 24250 |
| SHRIRAMFIN | 2794.2 | 2900 |
| SIEMENS | 6699.25 | 6800 |
| SRF | 2164.5 | 2260 |
| SUNPHARMA | 1778 | 1800 |
| SUNTV | 728.85 | 730 |
| SYNGENE | 850.8 | 860 |
| TATACHEM | 1056 | 1100 |
| TATACOMM | 1714.8 | 1780 |
| TATACONSUM | 914.8 | 950 |
| TATAMOTORS | 782.25 | 800 |
| TATAPOWER | 408.75 | 420 |
| TATASTEEL | 140.83 | 145 |
| TCS | 4044 | 4100 |
| TECHM | 1686.15 | 1680 |
| TITAN | 3158.8 | 3200 |
| TORNTPHARM | 3097.8 | 3150 |
| TRENT | 6451.95 | 6600 |
| TVSMOTOR | 2411.4 | 2450 |
| UBL | 1824.7 | 1880 |
| ULTRACEMCO | 10842.45 | 11000 |
| UNITDSPR | 1488.6 | 1460 |
| UPL | 555.7 | 540 |
| VEDL | 443.75 | 460 |
| VOLTAS | 1689.2 | 1700 |
| WIPRO | 557.8 | 560 |
| ZYDUSLIFE | 943.75 | 960 |
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.
