SJVN
Sjvn Ltd
Max pain for SJVN
12 Dec 2024 10:54 AM IST
Max Pain for SJVN is 120
Strike 100 has a total call value of 0 versus a total put value of 9,583,481,250 Combined total value = 9,583,481,250
Strike 102.5 has a total call value of 0 versus a total put value of 8,077,387,500 Combined total value = 8,077,387,500
Strike 105 has a total call value of 0 versus a total put value of 6,571,293,750 Combined total value = 6,571,293,750
Strike 107.5 has a total call value of 0 versus a total put value of 5,177,418,750 Combined total value = 5,177,418,750
Strike 110 has a total call value of 0 versus a total put value of 3,783,543,750 Combined total value = 3,783,543,750
Strike 112.5 has a total call value of 44,887,500 versus a total put value of 2,693,250,000 Combined total value = 2,738,137,500
Strike 115 has a total call value of 89,775,000 versus a total put value of 1,602,956,250 Combined total value = 1,692,731,250
Strike 117.5 has a total call value of 418,162,500 versus a total put value of 875,306,250 Combined total value = 1,293,468,750
Strike 120 has a total call value of 890,662,500 versus a total put value of 278,775,000 Combined total value = 1,169,437,500
Strike 122.5 has a total call value of 1,958,512,500 versus a total put value of 79,143,750 Combined total value = 2,037,656,250
Strike 125 has a total call value of 3,396,093,750 versus a total put value of 0 Combined total value = 3,396,093,750
Strike 127.5 has a total call value of 5,475,093,750 versus a total put value of 0 Combined total value = 5,475,093,750
Strike 130 has a total call value of 7,554,093,750 versus a total put value of 0 Combined total value = 7,554,093,750
Strike 132.5 has a total call value of 10,143,393,750 versus a total put value of 0 Combined total value = 10,143,393,750
Strike 135 has a total call value of 12,860,268,750 versus a total put value of 0 Combined total value = 12,860,268,750
Strike 137.5 has a total call value of 15,812,212,500 versus a total put value of 0 Combined total value = 15,812,212,500
Strike 140 has a total call value of 18,764,156,250 versus a total put value of 0 Combined total value = 18,764,156,250
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 441.2 | 450 |
| ABB | 7670.55 | 7600 |
| ABBOTINDIA | 28677.65 | 28000 |
| ABCAPITAL | 198.61 | 200 |
| ABFRL | 304.6 | 310 |
| ACC | 2251.15 | 2260 |
| ADANIENSOL | 819.75 | 800 |
| ADANIENT | 2498.9 | 2500 |
| ADANIGREEN | 1229.35 | 1200 |
| ADANIPORTS | 1258.15 | 1260 |
| ALKEM | 5441.5 | 5500 |
| AMBUJACEM | 577.05 | 570 |
| ANGELONE | 3420.35 | 3300 |
| APLAPOLLO | 1612.8 | 1600 |
| APOLLOHOSP | 7217.5 | 7200 |
| APOLLOTYRE | 541.95 | 530 |
| ASHOKLEY | 230 | 230 |
| ASIANPAINT | 2395.8 | 2440 |
| ASTRAL | 1842.2 | 1840 |
| ATGL | 743.55 | 730 |
| ATUL | 7255.7 | 7400 |
| AUBANK | 592.2 | 590 |
| AUROPHARMA | 1216.9 | 1240 |
| AXISBANK | 1151 | 1160 |
| BAJAJ-AUTO | 8995 | 9100 |
| BAJAJFINSV | 1687.55 | 1660 |
| BAJFINANCE | 7125 | 7000 |
| BALKRISIND | 2799.9 | 2800 |
| BANDHANBNK | 172.23 | 175 |
| BANKBARODA | 259.25 | 260 |
| BANKINDIA | 112.62 | 115 |
| BATAINDIA | 1431.4 | 1430 |
| BEL | 314.15 | 310 |
| BERGEPAINT | 473.1 | 480 |
| BHARATFORG | 1362.1 | 1360 |
| BHARTIARTL | 1596.95 | 1600 |
| BHEL | 248.45 | 250 |
| BIOCON | 361.7 | 370 |
| BOSCHLTD | 35966.8 | 35500 |
| BPCL | 304.4 | 300 |
| BRITANNIA | 4900.05 | 4900 |
| BSE | 5645.1 | 5200 |
| BSOFT | 613.25 | 600 |
| CAMS | 5286.05 | 5200 |
| CANBK | 107.67 | 108 |
| CANFINHOME | 814.2 | 820 |
| CDSL | 1936.5 | 1840 |
| CESC | 190.88 | 195 |
| CGPOWER | 777.5 | 770 |
| CHAMBLFERT | 527.75 | 530 |
| CHOLAFIN | 1347.3 | 1300 |
| CIPLA | 1443.15 | 1480 |
| COALINDIA | 411.1 | 420 |
| COFORGE | 9253.65 | 9000 |
| COLPAL | 2841 | 2900 |
| CONCOR | 831.85 | 840 |
| COROMANDEL | 1777 | 1780 |
| CROMPTON | 410.3 | 410 |
| CUB | 184.35 | 185 |
| CUMMINSIND | 3613.7 | 3500 |
| CYIENT | 2082.85 | 2000 |
| DABUR | 508 | 510 |
| DALBHARAT | 1939.15 | 1900 |
| DEEPAKNTR | 2676.85 | 2700 |
| DELHIVERY | 380.95 | 370 |
| DIVISLAB | 5970.55 | 6000 |
| DIXON | 17675 | 17000 |
| DLF | 862.15 | 850 |
| DMART | 3707.5 | 3700 |
| DRREDDY | 1229.25 | 1220 |
| EICHERMOT | 4787.9 | 4850 |
| ESCORTS | 3456.85 | 3500 |
| EXIDEIND | 466.1 | 460 |
| FEDERALBNK | 214.86 | 215 |
| GAIL | 206.1 | 207.5 |
| GLENMARK | 1531.15 | 1540 |
| GMRINFRA | 0 | 36 |
| GNFC | 617.05 | 630 |
| GODREJCP | 1122 | 1140 |
| GODREJPROP | 2854.55 | 2850 |
| GRANULES | 586.6 | 560 |
| GRASIM | 2656.25 | 2640 |
| GUJGASLTD | 513.75 | 510 |
| HAL | 4685.95 | 4600 |
| HAVELLS | 1740 | 1740 |
| HCLTECH | 1936.1 | 1900 |
| HDFCAMC | 4536.7 | 4400 |
| HDFCBANK | 1862.65 | 1820 |
| HDFCLIFE | 630.1 | 640 |
| HEROMOTOCO | 4571 | 4700 |
| HFCL | 125.95 | 130 |
| HINDALCO | 666.35 | 670 |
| HINDCOPPER | 288.75 | 290 |
| HINDPETRO | 407.85 | 395 |
| HINDUNILVR | 2360.6 | 2420 |
| HUDCO | 245.95 | 245 |
| ICICIBANK | 1336.85 | 1320 |
| ICICIGI | 1949.9 | 1940 |
| ICICIPRULI | 688.5 | 690 |
| IDEA | 7.91 | 8 |
| IDFCFIRSTB | 64.64 | 65 |
| IEX | 188.45 | 185 |
| IGL | 384.7 | 360 |
| INDHOTEL | 836.55 | 820 |
| INDIAMART | 2376.75 | 2400 |
| INDIANB | 575.05 | 590 |
| INDIGO | 4415.5 | 4450 |
| INDUSINDBK | 996.6 | 1000 |
| INDUSTOWER | 351.2 | 360 |
| INFY | 1990.6 | 1940 |
| IOC | 142.01 | 140 |
| IPCALAB | 1567.5 | 1540 |
| IRB | 58.25 | 59 |
| IRCTC | 844.2 | 840 |
| IRFC | 162.69 | 160 |
| ITC | 464.85 | 470 |
| JINDALSTEL | 993.5 | 970 |
| JIOFIN | 341.55 | 340 |
| JKCEMENT | 4648.15 | 4600 |
| JSL | 745.85 | 740 |
| JSWENERGY | 675.7 | 660 |
| JSWSTEEL | 998 | 1000 |
| JUBLFOOD | 680.95 | 680 |
| KALYANKJIL | 771.1 | 750 |
| KEI | 4556.9 | 4400 |
| KOTAKBANK | 1782.65 | 1800 |
| KPITTECH | 1547.1 | 1500 |
| LALPATHLAB | 3098.9 | 3100 |
| LAURUSLABS | 568.1 | 570 |
| LICHSGFIN | 633.8 | 640 |
| LICI | 938.7 | 950 |
| LODHA | 1418 | 1340 |
| LT | 3865.1 | 3800 |
| LTF | 148.78 | 147.5 |
| LTIM | 6680.35 | 6500 |
| LTTS | 5385 | 5350 |
| LUPIN | 2147.6 | 2100 |
| M&M | 3058.8 | 3050 |
| M&MFIN | 280.85 | 280 |
| MANAPPURAM | 178.96 | 160 |
| MARICO | 640 | 630 |
| MARUTI | 11113.9 | 11200 |
| MAXHEALTH | 1165.65 | 1100 |
| MCX | 6755.15 | 6600 |
| METROPOLIS | 2211 | 2200 |
| MFSL | 1129.55 | 1160 |
| MGL | 1279.45 | 1280 |
| MOTHERSON | 166.12 | 165 |
| MPHASIS | 3195.5 | 3100 |
| MRF | 131752.75 | 132000 |
| MUTHOOTFIN | 2084 | 2020 |
| NATIONALUM | 242 | 245 |
| NAUKRI | 8662.15 | 8500 |
| NAVINFLUOR | 3592.45 | 3600 |
| NCC | 304.8 | 310 |
| NESTLEIND | 2231 | 2260 |
| NHPC | 85.54 | 85 |
| NMDC | 237.8 | 240 |
| NTPC | 359.5 | 365 |
| NYKAA | 171.1 | 170 |
| OBEROIRLTY | 2120 | 2100 |
| OFSS | 12190.65 | 12250 |
| OIL | 469.55 | 470 |
| ONGC | 255.3 | 259 |
| PAGEIND | 47195.1 | 46500 |
| PAYTM | 966.2 | 960 |
| PEL | 1251.35 | 1220 |
| PERSISTENT | 6397.55 | 6300 |
| PETRONET | 343.6 | 340 |
| PFC | 508.85 | 500 |
| PIDILITIND | 3167.95 | 3180 |
| PIIND | 4020 | 4100 |
| PNB | 107.61 | 109 |
| POLICYBZR | 2150.6 | 2000 |
| POLYCAB | 7399.55 | 7300 |
| POONAWALLA | 362.25 | 360 |
| POWERGRID | 327.15 | 330 |
| PRESTIGE | 1739.65 | 1700 |
| PVRINOX | 1464 | 1540 |
| RAMCOCEM | 1004.5 | 1000 |
| RBLBANK | 176.5 | 170 |
| RECLTD | 566.4 | 550 |
| RELIANCE | 1268.25 | 1300 |
| SAIL | 126.26 | 125 |
| SBICARD | 730.45 | 720 |
| SBILIFE | 1434.9 | 1440 |
| SBIN | 853 | 850 |
| SHREECEM | 27304.45 | 27000 |
| SHRIRAMFIN | 3233.7 | 3200 |
| SIEMENS | 7882 | 7700 |
| SJVN | 118.42 | 120 |
| SONACOMS | 637.85 | 650 |
| SRF | 2299.3 | 2300 |
| SUNPHARMA | 1808.3 | 1800 |
| SUNTV | 731.75 | 750 |
| SUPREMEIND | 4853.4 | 4900 |
| SYNGENE | 884.5 | 900 |
| TATACHEM | 1107 | 1120 |
| TATACOMM | 1844.75 | 1820 |
| TATACONSUM | 919.6 | 940 |
| TATAELXSI | 7348.85 | 7300 |
| TATAMOTORS | 786.75 | 800 |
| TATAPOWER | 430.85 | 435 |
| TATASTEEL | 149.61 | 150 |
| TCS | 4467.65 | 4400 |
| TECHM | 1787 | 1760 |
| TIINDIA | 3673.85 | 3700 |
| TITAN | 3430.9 | 3400 |
| TORNTPHARM | 3379.25 | 3350 |
| TRENT | 7048.45 | 6900 |
| TVSMOTOR | 2498.15 | 2500 |
| UBL | 1984.1 | 1960 |
| ULTRACEMCO | 11873.55 | 11700 |
| UNIONBANK | 128.6 | 127 |
| UNITDSPR | 1518.3 | 1520 |
| UPL | 545.45 | 550 |
| VBL | 636.3 | 640 |
| VEDL | 523.9 | 500 |
| VOLTAS | 1788.4 | 1760 |
| WIPRO | 310.8 | 300 |
| YESBANK | 21.36 | 21 |
| ZOMATO | 290.35 | 280 |
| ZYDUSLIFE | 977.65 | 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.
