SILVER
Silver
Max pain for SILVER
04 Apr 2025 11:29 PM IST
Max Pain for SILVER is 94000
Strike 80000 has a total call value of 0 versus a total put value of 193,230,000,000 Combined total value = 193,230,000,000
Strike 80250 has a total call value of 0 versus a total put value of 189,799,500,000 Combined total value = 189,799,500,000
Strike 80500 has a total call value of 0 versus a total put value of 186,369,000,000 Combined total value = 186,369,000,000
Strike 80750 has a total call value of 0 versus a total put value of 182,938,500,000 Combined total value = 182,938,500,000
Strike 81000 has a total call value of 0 versus a total put value of 179,508,000,000 Combined total value = 179,508,000,000
Strike 81250 has a total call value of 0 versus a total put value of 176,077,500,000 Combined total value = 176,077,500,000
Strike 81500 has a total call value of 0 versus a total put value of 172,647,000,000 Combined total value = 172,647,000,000
Strike 81750 has a total call value of 0 versus a total put value of 169,216,500,000 Combined total value = 169,216,500,000
Strike 82000 has a total call value of 0 versus a total put value of 165,786,000,000 Combined total value = 165,786,000,000
Strike 82250 has a total call value of 0 versus a total put value of 162,355,500,000 Combined total value = 162,355,500,000
Strike 82500 has a total call value of 0 versus a total put value of 158,925,000,000 Combined total value = 158,925,000,000
Strike 82750 has a total call value of 0 versus a total put value of 155,494,500,000 Combined total value = 155,494,500,000
Strike 83000 has a total call value of 0 versus a total put value of 152,064,000,000 Combined total value = 152,064,000,000
Strike 83250 has a total call value of 0 versus a total put value of 148,633,500,000 Combined total value = 148,633,500,000
Strike 83500 has a total call value of 0 versus a total put value of 145,203,000,000 Combined total value = 145,203,000,000
Strike 83750 has a total call value of 0 versus a total put value of 141,772,500,000 Combined total value = 141,772,500,000
Strike 84000 has a total call value of 0 versus a total put value of 138,342,000,000 Combined total value = 138,342,000,000
Strike 84250 has a total call value of 0 versus a total put value of 134,924,250,000 Combined total value = 134,924,250,000
Strike 84500 has a total call value of 0 versus a total put value of 131,506,500,000 Combined total value = 131,506,500,000
Strike 84750 has a total call value of 0 versus a total put value of 128,088,750,000 Combined total value = 128,088,750,000
Strike 85000 has a total call value of 0 versus a total put value of 124,671,000,000 Combined total value = 124,671,000,000
Strike 85250 has a total call value of 10,500,000 versus a total put value of 121,369,500,000 Combined total value = 121,380,000,000
Strike 85500 has a total call value of 21,000,000 versus a total put value of 118,068,000,000 Combined total value = 118,089,000,000
Strike 85750 has a total call value of 31,500,000 versus a total put value of 114,766,500,000 Combined total value = 114,798,000,000
Strike 86000 has a total call value of 42,000,000 versus a total put value of 111,465,000,000 Combined total value = 111,507,000,000
Strike 86250 has a total call value of 54,000,000 versus a total put value of 108,171,750,000 Combined total value = 108,225,750,000
Strike 86500 has a total call value of 66,000,000 versus a total put value of 104,878,500,000 Combined total value = 104,944,500,000
Strike 86750 has a total call value of 78,000,000 versus a total put value of 101,585,250,000 Combined total value = 101,663,250,000
Strike 87000 has a total call value of 90,000,000 versus a total put value of 98,292,000,000 Combined total value = 98,382,000,000
Strike 87250 has a total call value of 120,750,000 versus a total put value of 95,043,000,000 Combined total value = 95,163,750,000
Strike 87500 has a total call value of 151,500,000 versus a total put value of 91,794,000,000 Combined total value = 91,945,500,000
Strike 87750 has a total call value of 182,250,000 versus a total put value of 88,545,000,000 Combined total value = 88,727,250,000
Strike 88000 has a total call value of 213,000,000 versus a total put value of 85,296,000,000 Combined total value = 85,509,000,000
Strike 88250 has a total call value of 352,500,000 versus a total put value of 82,288,500,000 Combined total value = 82,641,000,000
Strike 88500 has a total call value of 492,000,000 versus a total put value of 79,281,000,000 Combined total value = 79,773,000,000
Strike 88750 has a total call value of 631,500,000 versus a total put value of 76,273,500,000 Combined total value = 76,905,000,000
Strike 89000 has a total call value of 771,000,000 versus a total put value of 73,266,000,000 Combined total value = 74,037,000,000
Strike 89250 has a total call value of 1,021,500,000 versus a total put value of 70,317,750,000 Combined total value = 71,339,250,000
Strike 89500 has a total call value of 1,272,000,000 versus a total put value of 67,369,500,000 Combined total value = 68,641,500,000
Strike 89750 has a total call value of 1,522,500,000 versus a total put value of 64,421,250,000 Combined total value = 65,943,750,000
Strike 90000 has a total call value of 1,773,000,000 versus a total put value of 61,473,000,000 Combined total value = 63,246,000,000
Strike 90250 has a total call value of 2,421,750,000 versus a total put value of 59,045,250,000 Combined total value = 61,467,000,000
Strike 90500 has a total call value of 3,070,500,000 versus a total put value of 56,617,500,000 Combined total value = 59,688,000,000
Strike 90750 has a total call value of 3,719,250,000 versus a total put value of 54,189,750,000 Combined total value = 57,909,000,000
Strike 91000 has a total call value of 4,368,000,000 versus a total put value of 51,762,000,000 Combined total value = 56,130,000,000
Strike 91250 has a total call value of 5,280,000,000 versus a total put value of 49,432,500,000 Combined total value = 54,712,500,000
Strike 91500 has a total call value of 6,192,000,000 versus a total put value of 47,103,000,000 Combined total value = 53,295,000,000
Strike 91750 has a total call value of 7,104,000,000 versus a total put value of 44,773,500,000 Combined total value = 51,877,500,000
Strike 92000 has a total call value of 8,016,000,000 versus a total put value of 42,444,000,000 Combined total value = 50,460,000,000
Strike 92250 has a total call value of 9,258,750,000 versus a total put value of 40,370,250,000 Combined total value = 49,629,000,000
Strike 92500 has a total call value of 10,501,500,000 versus a total put value of 38,296,500,000 Combined total value = 48,798,000,000
Strike 92750 has a total call value of 11,744,250,000 versus a total put value of 36,222,750,000 Combined total value = 47,967,000,000
Strike 93000 has a total call value of 12,987,000,000 versus a total put value of 34,149,000,000 Combined total value = 47,136,000,000
Strike 93250 has a total call value of 14,658,000,000 versus a total put value of 32,190,000,000 Combined total value = 46,848,000,000
Strike 93500 has a total call value of 16,329,000,000 versus a total put value of 30,231,000,000 Combined total value = 46,560,000,000
Strike 93750 has a total call value of 18,000,000,000 versus a total put value of 28,272,000,000 Combined total value = 46,272,000,000
Strike 94000 has a total call value of 19,671,750,000 versus a total put value of 26,313,000,000 Combined total value = 45,984,750,000
Strike 94250 has a total call value of 21,570,750,000 versus a total put value of 24,481,500,000 Combined total value = 46,052,250,000
Strike 94500 has a total call value of 23,472,000,000 versus a total put value of 22,650,000,000 Combined total value = 46,122,000,000
Strike 94750 has a total call value of 25,373,250,000 versus a total put value of 20,818,500,000 Combined total value = 46,191,750,000
Strike 95000 has a total call value of 27,274,500,000 versus a total put value of 18,987,000,000 Combined total value = 46,261,500,000
Strike 95250 has a total call value of 30,329,250,000 versus a total put value of 17,643,000,000 Combined total value = 47,972,250,000
Strike 95500 has a total call value of 33,384,000,000 versus a total put value of 16,299,000,000 Combined total value = 49,683,000,000
Strike 95750 has a total call value of 36,438,750,000 versus a total put value of 14,955,000,000 Combined total value = 51,393,750,000
Strike 96000 has a total call value of 39,493,500,000 versus a total put value of 13,611,000,000 Combined total value = 53,104,500,000
Strike 96250 has a total call value of 43,170,750,000 versus a total put value of 12,455,250,000 Combined total value = 55,626,000,000
Strike 96500 has a total call value of 46,848,000,000 versus a total put value of 11,299,500,000 Combined total value = 58,147,500,000
Strike 96750 has a total call value of 50,525,250,000 versus a total put value of 10,143,750,000 Combined total value = 60,669,000,000
Strike 97000 has a total call value of 54,202,500,000 versus a total put value of 8,988,000,000 Combined total value = 63,190,500,000
Strike 97250 has a total call value of 58,653,750,000 versus a total put value of 8,194,500,000 Combined total value = 66,848,250,000
Strike 97500 has a total call value of 63,107,250,000 versus a total put value of 7,401,000,000 Combined total value = 70,508,250,000
Strike 97750 has a total call value of 67,560,750,000 versus a total put value of 6,607,500,000 Combined total value = 74,168,250,000
Strike 98000 has a total call value of 72,014,250,000 versus a total put value of 5,814,000,000 Combined total value = 77,828,250,000
Strike 98250 has a total call value of 77,470,500,000 versus a total put value of 5,196,750,000 Combined total value = 82,667,250,000
Strike 98500 has a total call value of 82,926,750,000 versus a total put value of 4,579,500,000 Combined total value = 87,506,250,000
Strike 98750 has a total call value of 88,383,000,000 versus a total put value of 3,962,250,000 Combined total value = 92,345,250,000
Strike 99000 has a total call value of 93,839,250,000 versus a total put value of 3,345,000,000 Combined total value = 97,184,250,000
Strike 99250 has a total call value of 99,860,250,000 versus a total put value of 2,820,750,000 Combined total value = 102,681,000,000
Strike 99500 has a total call value of 105,881,250,000 versus a total put value of 2,296,500,000 Combined total value = 108,177,750,000
Strike 99750 has a total call value of 111,902,250,000 versus a total put value of 1,772,250,000 Combined total value = 113,674,500,000
Strike 100000 has a total call value of 117,923,250,000 versus a total put value of 1,248,000,000 Combined total value = 119,171,250,000
Strike 100250 has a total call value of 125,894,250,000 versus a total put value of 1,062,750,000 Combined total value = 126,957,000,000
Strike 100500 has a total call value of 133,865,250,000 versus a total put value of 877,500,000 Combined total value = 134,742,750,000
Strike 100750 has a total call value of 141,836,250,000 versus a total put value of 692,250,000 Combined total value = 142,528,500,000
Strike 101000 has a total call value of 149,807,250,000 versus a total put value of 507,000,000 Combined total value = 150,314,250,000
Strike 101250 has a total call value of 158,488,500,000 versus a total put value of 425,250,000 Combined total value = 158,913,750,000
Strike 101500 has a total call value of 167,169,750,000 versus a total put value of 343,500,000 Combined total value = 167,513,250,000
Strike 101750 has a total call value of 175,851,000,000 versus a total put value of 261,750,000 Combined total value = 176,112,750,000
Strike 102000 has a total call value of 184,532,250,000 versus a total put value of 180,000,000 Combined total value = 184,712,250,000
Strike 102250 has a total call value of 193,864,500,000 versus a total put value of 157,500,000 Combined total value = 194,022,000,000
Strike 102500 has a total call value of 203,196,750,000 versus a total put value of 135,000,000 Combined total value = 203,331,750,000
Strike 102750 has a total call value of 212,529,000,000 versus a total put value of 112,500,000 Combined total value = 212,641,500,000
Strike 103000 has a total call value of 221,861,250,000 versus a total put value of 90,000,000 Combined total value = 221,951,250,000
Strike 103250 has a total call value of 231,466,500,000 versus a total put value of 67,500,000 Combined total value = 231,534,000,000
Strike 103500 has a total call value of 241,071,750,000 versus a total put value of 45,000,000 Combined total value = 241,116,750,000
Strike 103750 has a total call value of 250,677,000,000 versus a total put value of 22,500,000 Combined total value = 250,699,500,000
Strike 104000 has a total call value of 260,282,250,000 versus a total put value of 0 Combined total value = 260,282,250,000
Strike 104250 has a total call value of 270,038,250,000 versus a total put value of 0 Combined total value = 270,038,250,000
Strike 104500 has a total call value of 279,794,250,000 versus a total put value of 0 Combined total value = 279,794,250,000
Strike 104750 has a total call value of 289,550,250,000 versus a total put value of 0 Combined total value = 289,550,250,000
Strike 105000 has a total call value of 299,306,250,000 versus a total put value of 0 Combined total value = 299,306,250,000
Strike 105250 has a total call value of 310,158,000,000 versus a total put value of 0 Combined total value = 310,158,000,000
Strike 105500 has a total call value of 321,009,750,000 versus a total put value of 0 Combined total value = 321,009,750,000
Strike 105750 has a total call value of 331,861,500,000 versus a total put value of 0 Combined total value = 331,861,500,000
Strike 106000 has a total call value of 342,713,250,000 versus a total put value of 0 Combined total value = 342,713,250,000
Strike 106250 has a total call value of 353,611,500,000 versus a total put value of 0 Combined total value = 353,611,500,000
Strike 106500 has a total call value of 364,509,750,000 versus a total put value of 0 Combined total value = 364,509,750,000
Strike 106750 has a total call value of 375,408,000,000 versus a total put value of 0 Combined total value = 375,408,000,000
Strike 107000 has a total call value of 386,306,250,000 versus a total put value of 0 Combined total value = 386,306,250,000
Strike 107250 has a total call value of 397,215,750,000 versus a total put value of 0 Combined total value = 397,215,750,000
Strike 107500 has a total call value of 408,125,250,000 versus a total put value of 0 Combined total value = 408,125,250,000
Strike 107750 has a total call value of 419,034,750,000 versus a total put value of 0 Combined total value = 419,034,750,000
Strike 108000 has a total call value of 429,944,250,000 versus a total put value of 0 Combined total value = 429,944,250,000
Strike 108250 has a total call value of 440,853,750,000 versus a total put value of 0 Combined total value = 440,853,750,000
Strike 108500 has a total call value of 451,763,250,000 versus a total put value of 0 Combined total value = 451,763,250,000
Strike 108750 has a total call value of 462,672,750,000 versus a total put value of 0 Combined total value = 462,672,750,000
Strike 109000 has a total call value of 473,582,250,000 versus a total put value of 0 Combined total value = 473,582,250,000
Strike 109250 has a total call value of 484,491,750,000 versus a total put value of 0 Combined total value = 484,491,750,000
Strike 109500 has a total call value of 495,401,250,000 versus a total put value of 0 Combined total value = 495,401,250,000
Strike 109750 has a total call value of 506,310,750,000 versus a total put value of 0 Combined total value = 506,310,750,000
Strike 110000 has a total call value of 517,220,250,000 versus a total put value of 0 Combined total value = 517,220,250,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 374.05 | 400 |
| ABB | 5095.9 | 5400 |
| ABCAPITAL | 188.26 | 190 |
| ABFRL | 258.3 | 265 |
| ACC | 1966.3 | 2000 |
| ADANIENSOL | 859.4 | 860 |
| ADANIENT | 2334.65 | 2460 |
| ADANIGREEN | 923.8 | 940 |
| ADANIPORTS | 1148.35 | 1200 |
| ALKEM | 4828.7 | 4900 |
| AMBUJACEM | 528.2 | 545 |
| ANGELONE | 2285.4 | 2300 |
| APLAPOLLO | 1519.15 | 1500 |
| APOLLOHOSP | 6714.55 | 6650 |
| APOLLOTYRE | 407.95 | 425 |
| ASHOKLEY | 205.14 | 210 |
| ASIANPAINT | 2356.05 | 2340 |
| ASTRAL | 1336.85 | 1340 |
| ATGL | 591.3 | 600 |
| AUBANK | 552.1 | 550 |
| AUROPHARMA | 1105.35 | 1160 |
| AXISBANK | 1091.3 | 1090 |
| BAJAJ-AUTO | 7685.1 | 7900 |
| BAJAJFINSV | 1912.3 | 1920 |
| BAJFINANCE | 8718.85 | 8700 |
| BALKRISIND | 2388.05 | 2500 |
| BANDHANBNK | 153.05 | 152.5 |
| BANKBARODA | 234.32 | 235 |
| BANKINDIA | 111.49 | 110 |
| BEL | 280 | 290 |
| BERGEPAINT | 512.05 | 500 |
| BHARATFORG | 1026.05 | 1080 |
| BHARTIARTL | 1743.45 | 1740 |
| BHEL | 214.45 | 220 |
| BIOCON | 327.8 | 340 |
| BOSCHLTD | 27289.1 | 28000 |
| BPCL | 279.45 | 280 |
| BRITANNIA | 5023.4 | 4950 |
| BSE | 5517.45 | 5300 |
| BSOFT | 366.5 | 385 |
| CAMS | 3683.3 | 3700 |
| CANBK | 90.39 | 92 |
| CDSL | 1199.85 | 1200 |
| CESC | 151.83 | 155 |
| CGPOWER | 575.2 | 620 |
| CHAMBLFERT | 624.6 | 620 |
| CHOLAFIN | 1453.3 | 1500 |
| CIPLA | 1415.25 | 1460 |
| COALINDIA | 385.05 | 400 |
| COFORGE | 6607.9 | 7000 |
| COLPAL | 2423.35 | 2400 |
| CONCOR | 687.5 | 710 |
| CROMPTON | 329.3 | 340 |
| CUMMINSIND | 2844.95 | 3000 |
| CYIENT | 1158.75 | 1220 |
| DABUR | 461.75 | 475 |
| DALBHARAT | 1845.45 | 1800 |
| DEEPAKNTR | 1928.95 | 2000 |
| DELHIVERY | 258.8 | 260 |
| DIVISLAB | 5482.85 | 5650 |
| DIXON | 13137.55 | 13500 |
| DLF | 653.95 | 680 |
| DMART | 4039.9 | 4050 |
| DRREDDY | 1109.95 | 1140 |
| EICHERMOT | 5247.9 | 5350 |
| ESCORTS | 3161.15 | 3250 |
| EXIDEIND | 364.4 | 370 |
| FEDERALBNK | 195 | 195 |
| GAIL | 176.61 | 180 |
| GLENMARK | 1499.85 | 1500 |
| GMRAIRPORT | 80.74 | 80 |
| GODREJCP | 1156.6 | 1150 |
| GODREJPROP | 2067.95 | 2100 |
| GOLDM | 88250 | 88500 |
| GRANULES | 456.75 | 500 |
| GRASIM | 2616.9 | 2600 |
| HAL | 4239.1 | 4250 |
| HAVELLS | 1469.25 | 1500 |
| HCLTECH | 1422.1 | 1500 |
| HDFCAMC | 3906.3 | 4000 |
| HDFCBANK | 1817.3 | 1800 |
| HDFCLIFE | 689.05 | 690 |
| HEROMOTOCO | 3659.2 | 3750 |
| HFCL | 79.16 | 80 |
| HINDALCO | 599.95 | 640 |
| HINDCOPPER | 204.25 | 210 |
| HINDPETRO | 358.35 | 360 |
| HINDUNILVR | 2244.55 | 2260 |
| HINDZINC | 426.95 | 450 |
| HUDCO | 203.47 | 200 |
| ICICIBANK | 1335.3 | 1340 |
| ICICIGI | 1829.55 | 1800 |
| ICICIPRULI | 556.8 | 570 |
| IDEA | 7.91 | 8 |
| IDFCFIRSTB | 57.81 | 59 |
| IEX | 178.52 | 180 |
| IGL | 198.06 | 200 |
| IIFL | 340.25 | 340 |
| INDHOTEL | 799.35 | 810 |
| INDIANB | 546.05 | 550 |
| INDIGO | 5098.9 | 5000 |
| INDUSINDBK | 682 | 700 |
| INDUSTOWER | 360.5 | 355 |
| INFY | 1451.65 | 1520 |
| INOXWIND | 153.85 | 160 |
| IOC | 130.14 | 132 |
| IRB | 45.52 | 46 |
| IRCTC | 714.1 | 730 |
| IREDA | 156.45 | 155 |
| IRFC | 124.84 | 125 |
| ITC | 409.7 | 410 |
| JINDALSTEL | 850.1 | 900 |
| JIOFIN | 222.32 | 230 |
| JSL | 551.7 | 600 |
| JSWENERGY | 506.4 | 530 |
| JSWSTEEL | 1005.75 | 1020 |
| JUBLFOOD | 679.6 | 680 |
| KALYANKJIL | 487.15 | 490 |
| KEI | 2645.1 | 2800 |
| KOTAKBANK | 2131.95 | 2120 |
| KPITTECH | 1134 | 1200 |
| LAURUSLABS | 574.45 | 600 |
| LICHSGFIN | 561.85 | 570 |
| LICI | 792.15 | 800 |
| LODHA | 1180.85 | 1200 |
| LT | 3260.15 | 3360 |
| LTF | 153.72 | 152.5 |
| LTIM | 4136.25 | 4400 |
| LUPIN | 1971.05 | 2000 |
| M&M | 2596.55 | 2700 |
| M&MFIN | 262.3 | 270 |
| MANAPPURAM | 232.83 | 230 |
| MARICO | 677.3 | 660 |
| MARUTI | 11482 | 11500 |
| MAXHEALTH | 1137.65 | 1120 |
| MCX | 5026.8 | 5300 |
| MFSL | 1165.05 | 1160 |
| MGL | 1330.9 | 1380 |
| MOTHERSON | 118.93 | 130 |
| MPHASIS | 2229.2 | 2400 |
| MRF | 113236.95 | 113500 |
| MUTHOOTFIN | 2348.3 | 2300 |
| NATIONALUM | 157.7 | 175 |
| NAUKRI | 6396.6 | 6800 |
| NBCC | 82.73 | 82.5 |
| NCC | 206.85 | 210 |
| NESTLEIND | 2262.15 | 2240 |
| NHPC | 83.04 | 84 |
| NMDC | 65.02 | 69 |
| NTPC | 350.4 | 360 |
| NYKAA | 176.78 | 175 |
| OBEROIRLTY | 1550.6 | 1600 |
| OFSS | 7521.55 | 7750 |
| OIL | 357.75 | 380 |
| ONGC | 226.01 | 237.5 |
| PAGEIND | 42309.8 | 42500 |
| PATANJALI | 1850.35 | 1840 |
| PAYTM | 817.05 | 800 |
| PEL | 961.5 | 1000 |
| PERSISTENT | 4609.95 | 4800 |
| PETRONET | 283.9 | 295 |
| PFC | 406.85 | 420 |
| PHOENIXLTD | 1580.3 | 1600 |
| PIDILITIND | 2892 | 2860 |
| PIIND | 3315.45 | 3450 |
| PNB | 96.61 | 98 |
| PNBHOUSING | 949.45 | 900 |
| POLICYBZR | 1504.2 | 1580 |
| POLYCAB | 5040.75 | 5100 |
| POONAWALLA | 353.05 | 340 |
| POWERGRID | 293.9 | 295 |
| PRESTIGE | 1127.05 | 1160 |
| RAMCOCEM | 941.55 | 920 |
| RBLBANK | 175.68 | 175 |
| RECLTD | 403.4 | 430 |
| RELIANCE | 1204.7 | 1250 |
| SAIL | 112.6 | 117.5 |
| SBICARD | 848 | 860 |
| SBILIFE | 1512.6 | 1540 |
| SBIN | 767.45 | 780 |
| SHREECEM | 30694.5 | 30500 |
| SHRIRAMFIN | 653.6 | 650 |
| SIEMENS | 4928.15 | 5200 |
| SILVER | 87431 | 94000 |
| SJVN | 92.42 | 92.5 |
| SOLARINDS | 10987.1 | 11000 |
| SONACOMS | 421.85 | 450 |
| SRF | 2854.85 | 2900 |
| SUNPHARMA | 1709.35 | 1740 |
| SUPREMEIND | 3278.6 | 3450 |
| SYNGENE | 724.65 | 730 |
| TATACHEM | 812.4 | 860 |
| TATACOMM | 1598.05 | 1600 |
| TATACONSUM | 1087.85 | 1060 |
| TATAELXSI | 5056.65 | 5100 |
| TATAMOTORS | 613.85 | 660 |
| TATAPOWER | 368.95 | 390 |
| TATASTEEL | 140.39 | 150 |
| TATATECH | 648.7 | 660 |
| TCS | 3299.4 | 3460 |
| TECHM | 1320.95 | 1400 |
| TIINDIA | 2637.25 | 2750 |
| TITAGARH | 790.4 | 800 |
| TITAN | 3076.2 | 3100 |
| TORNTPHARM | 3286.5 | 3200 |
| TORNTPOWER | 1537.05 | 1520 |
| TRENT | 5562.85 | 5600 |
| TVSMOTOR | 2464.95 | 2460 |
| ULTRACEMCO | 11498.65 | 11400 |
| UNIONBANK | 122.11 | 125 |
| UNITDSPR | 1427.35 | 1400 |
| UPL | 637.7 | 650 |
| VBL | 535.45 | 530 |
| VEDL | 401.45 | 440 |
| VOLTAS | 1298.1 | 1360 |
| WIPRO | 246.3 | 260 |
| YESBANK | 17.19 | 17 |
| ZOMATO | 210.53 | 210 |
| ZYDUSLIFE | 866.9 | 900 |
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.
