SRF
Srf Ltd
Max pain for SRF
23 Jan 2025 04:11 PM IST
Max Pain for SRF is 2560
Strike 2000 has a total call value of 0 versus a total put value of 220,011,750,000 Combined total value = 220,011,750,000
Strike 2020 has a total call value of 0 versus a total put value of 209,138,250,000 Combined total value = 209,138,250,000
Strike 2040 has a total call value of 0 versus a total put value of 198,264,750,000 Combined total value = 198,264,750,000
Strike 2060 has a total call value of 0 versus a total put value of 187,391,250,000 Combined total value = 187,391,250,000
Strike 2080 has a total call value of 0 versus a total put value of 176,517,750,000 Combined total value = 176,517,750,000
Strike 2100 has a total call value of 0 versus a total put value of 165,681,000,000 Combined total value = 165,681,000,000
Strike 2120 has a total call value of 0 versus a total put value of 155,439,000,000 Combined total value = 155,439,000,000
Strike 2140 has a total call value of 0 versus a total put value of 145,197,000,000 Combined total value = 145,197,000,000
Strike 2160 has a total call value of 0 versus a total put value of 134,982,750,000 Combined total value = 134,982,750,000
Strike 2180 has a total call value of 0 versus a total put value of 124,795,500,000 Combined total value = 124,795,500,000
Strike 2200 has a total call value of 0 versus a total put value of 114,657,000,000 Combined total value = 114,657,000,000
Strike 2220 has a total call value of 35,250,000 versus a total put value of 105,150,750,000 Combined total value = 105,186,000,000
Strike 2240 has a total call value of 70,500,000 versus a total put value of 95,681,250,000 Combined total value = 95,751,750,000
Strike 2260 has a total call value of 105,750,000 versus a total put value of 86,370,750,000 Combined total value = 86,476,500,000
Strike 2280 has a total call value of 141,000,000 versus a total put value of 77,307,750,000 Combined total value = 77,448,750,000
Strike 2300 has a total call value of 176,250,000 versus a total put value of 68,322,750,000 Combined total value = 68,499,000,000
Strike 2320 has a total call value of 429,750,000 versus a total put value of 60,343,500,000 Combined total value = 60,773,250,000
Strike 2340 has a total call value of 683,250,000 versus a total put value of 52,543,500,000 Combined total value = 53,226,750,000
Strike 2360 has a total call value of 936,750,000 versus a total put value of 45,677,250,000 Combined total value = 46,614,000,000
Strike 2380 has a total call value of 1,242,750,000 versus a total put value of 39,669,000,000 Combined total value = 40,911,750,000
Strike 2400 has a total call value of 1,548,750,000 versus a total put value of 34,112,250,000 Combined total value = 35,661,000,000
Strike 2420 has a total call value of 2,041,500,000 versus a total put value of 29,021,250,000 Combined total value = 31,062,750,000
Strike 2440 has a total call value of 2,534,250,000 versus a total put value of 24,186,000,000 Combined total value = 26,720,250,000
Strike 2460 has a total call value of 3,070,500,000 versus a total put value of 19,631,250,000 Combined total value = 22,701,750,000
Strike 2480 has a total call value of 3,671,250,000 versus a total put value of 15,428,250,000 Combined total value = 19,099,500,000
Strike 2500 has a total call value of 4,344,000,000 versus a total put value of 11,463,750,000 Combined total value = 15,807,750,000
Strike 2520 has a total call value of 5,405,250,000 versus a total put value of 9,091,500,000 Combined total value = 14,496,750,000
Strike 2540 has a total call value of 6,623,250,000 versus a total put value of 7,054,500,000 Combined total value = 13,677,750,000
Strike 2560 has a total call value of 8,088,000,000 versus a total put value of 5,264,250,000 Combined total value = 13,352,250,000
Strike 2580 has a total call value of 9,714,750,000 versus a total put value of 3,703,500,000 Combined total value = 13,418,250,000
Strike 2600 has a total call value of 11,558,250,000 versus a total put value of 2,437,500,000 Combined total value = 13,995,750,000
Strike 2620 has a total call value of 14,289,000,000 versus a total put value of 1,749,000,000 Combined total value = 16,038,000,000
Strike 2640 has a total call value of 17,250,000,000 versus a total put value of 1,186,500,000 Combined total value = 18,436,500,000
Strike 2660 has a total call value of 20,691,000,000 versus a total put value of 752,250,000 Combined total value = 21,443,250,000
Strike 2680 has a total call value of 24,439,500,000 versus a total put value of 394,500,000 Combined total value = 24,834,000,000
Strike 2700 has a total call value of 28,378,500,000 versus a total put value of 121,500,000 Combined total value = 28,500,000,000
Strike 2720 has a total call value of 32,889,750,000 versus a total put value of 0 Combined total value = 32,889,750,000
Strike 2740 has a total call value of 37,623,000,000 versus a total put value of 0 Combined total value = 37,623,000,000
Strike 2760 has a total call value of 42,570,000,000 versus a total put value of 0 Combined total value = 42,570,000,000
Strike 2780 has a total call value of 47,676,000,000 versus a total put value of 0 Combined total value = 47,676,000,000
Strike 2800 has a total call value of 52,926,750,000 versus a total put value of 0 Combined total value = 52,926,750,000
Strike 2820 has a total call value of 58,851,000,000 versus a total put value of 0 Combined total value = 58,851,000,000
Strike 2840 has a total call value of 64,775,250,000 versus a total put value of 0 Combined total value = 64,775,250,000
Strike 2860 has a total call value of 70,784,250,000 versus a total put value of 0 Combined total value = 70,784,250,000
Strike 2880 has a total call value of 76,859,250,000 versus a total put value of 0 Combined total value = 76,859,250,000
Strike 2900 has a total call value of 82,934,250,000 versus a total put value of 0 Combined total value = 82,934,250,000
Strike 2920 has a total call value of 89,760,000,000 versus a total put value of 0 Combined total value = 89,760,000,000
Strike 2940 has a total call value of 96,648,000,000 versus a total put value of 0 Combined total value = 96,648,000,000
Strike 2960 has a total call value of 103,536,000,000 versus a total put value of 0 Combined total value = 103,536,000,000
Strike 2980 has a total call value of 110,532,750,000 versus a total put value of 0 Combined total value = 110,532,750,000
Strike 3000 has a total call value of 117,529,500,000 versus a total put value of 0 Combined total value = 117,529,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 448.45 | 435 |
| ABB | 6330.25 | 6400 |
| ABBOTINDIA | 27849.8 | 28000 |
| ABCAPITAL | 174.27 | 180 |
| ABFRL | 282.7 | 280 |
| ACC | 2045.2 | 2080 |
| ADANIENSOL | 808.8 | 800 |
| ADANIENT | 2385 | 2400 |
| ADANIGREEN | 1030.25 | 1020 |
| ADANIPORTS | 1104 | 1160 |
| ALKEM | 5183.5 | 5300 |
| AMBUJACEM | 548.8 | 550 |
| ANGELONE | 2431.45 | 2500 |
| APLAPOLLO | 1582.85 | 1560 |
| APOLLOHOSP | 6920.85 | 6900 |
| APOLLOTYRE | 438.9 | 460 |
| ASHOKLEY | 207.74 | 210 |
| ASIANPAINT | 2276.35 | 2300 |
| ASTRAL | 1495.5 | 1560 |
| ATGL | 658.25 | 670 |
| ATUL | 6748.8 | 6900 |
| AUBANK | 582.4 | 580 |
| AUROPHARMA | 1244.8 | 1240 |
| AXISBANK | 951.05 | 990 |
| BAJAJ-AUTO | 8399.95 | 8700 |
| BAJAJFINSV | 1746.15 | 1700 |
| BAJFINANCE | 7443.25 | 7300 |
| BALKRISIND | 2728.9 | 2780 |
| BANDHANBNK | 151.14 | 160 |
| BANKBARODA | 229.16 | 235 |
| BANKINDIA | 99.71 | 100 |
| BATAINDIA | 1300.9 | 1340 |
| BEL | 273.95 | 280 |
| BERGEPAINT | 480.35 | 465 |
| BHARATFORG | 1227.75 | 1240 |
| BHARTIARTL | 1636 | 1620 |
| BHEL | 206.49 | 215 |
| BIOCON | 397.3 | 385 |
| BOSCHLTD | 30990.5 | 33000 |
| BPCL | 271.25 | 275 |
| BRITANNIA | 5012.6 | 4850 |
| BSE | 5909.7 | 5600 |
| BSOFT | 554.9 | 550 |
| CAMS | 4159.25 | 4300 |
| CANBK | 98.15 | 100 |
| CANFINHOME | 690.95 | 700 |
| CDSL | 1516.15 | 1600 |
| CESC | 145.12 | 150 |
| CGPOWER | 627.9 | 650 |
| CHAMBLFERT | 509.3 | 500 |
| CHOLAFIN | 1246.05 | 1260 |
| CIPLA | 1451.15 | 1480 |
| COALINDIA | 385.8 | 385 |
| COFORGE | 9196.45 | 9000 |
| COLPAL | 2738.95 | 2750 |
| CONCOR | 772.25 | 780 |
| COROMANDEL | 1848.7 | 1860 |
| CROMPTON | 351.15 | 365 |
| CUB | 170.25 | 170 |
| CUMMINSIND | 2889.05 | 3000 |
| CYIENT | 1755.25 | 1760 |
| DABUR | 524.6 | 520 |
| DALBHARAT | 1828.35 | 1780 |
| DEEPAKNTR | 2369.3 | 2400 |
| DELHIVERY | 326.95 | 330 |
| DIVISLAB | 5850.95 | 5900 |
| DIXON | 15463.6 | 16000 |
| DLF | 715.05 | 750 |
| DMART | 3598.35 | 3700 |
| DRREDDY | 1289.4 | 1300 |
| EICHERMOT | 5116.2 | 5000 |
| ESCORTS | 3588.4 | 3450 |
| EXIDEIND | 383.5 | 400 |
| FEDERALBNK | 190.75 | 195 |
| GAIL | 179.66 | 185 |
| GLENMARK | 1510.95 | 1520 |
| GMRAIRPORT | 73.5 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 560.9 | 560 |
| GODREJCP | 1145.2 | 1140 |
| GODREJPROP | 2225.65 | 2400 |
| GRANULES | 599.6 | 590 |
| GRASIM | 2461.15 | 2460 |
| GUJGASLTD | 503.25 | 500 |
| HAL | 3922.55 | 4100 |
| HAVELLS | 1595.3 | 1580 |
| HCLTECH | 1807 | 1820 |
| HDFCAMC | 4001.7 | 4000 |
| HDFCBANK | 1664.9 | 1670 |
| HDFCLIFE | 621 | 630 |
| HEROMOTOCO | 4100.35 | 4150 |
| HFCL | 101.03 | 102.5 |
| HINDALCO | 608.25 | 600 |
| HINDCOPPER | 246.05 | 250 |
| HINDPETRO | 362.1 | 370 |
| HINDUNILVR | 2321.7 | 2360 |
| HUDCO | 221.48 | 220 |
| ICICIBANK | 1201.75 | 1240 |
| ICICIGI | 1834.1 | 1900 |
| ICICIPRULI | 594.7 | 600 |
| IDEA | 9.51 | 9 |
| IDFCFIRSTB | 63.11 | 63 |
| IEX | 167.45 | 172.5 |
| IGL | 391.6 | 400 |
| INDHOTEL | 775.1 | 790 |
| INDIAMART | 2086.55 | 2160 |
| INDIANB | 516.7 | 520 |
| INDIGO | 4134.8 | 4200 |
| INDUSINDBK | 970.95 | 980 |
| INDUSTOWER | 366.6 | 350 |
| INFY | 1865.45 | 1880 |
| IOC | 129.83 | 132.5 |
| IPCALAB | 1583.55 | 1580 |
| IRB | 52.94 | 55 |
| IRCTC | 795.2 | 800 |
| IRFC | 141.37 | 137.5 |
| ITC | 440.2 | 445 |
| JINDALSTEL | 893 | 920 |
| JIOFIN | 255.85 | 270 |
| JKCEMENT | 4789.05 | 4600 |
| JSL | 639.75 | 640 |
| JSWENERGY | 552.1 | 580 |
| JSWSTEEL | 929.9 | 930 |
| JUBLFOOD | 687.7 | 700 |
| KALYANKJIL | 478.15 | 580 |
| KEI | 4480.6 | 4300 |
| KOTAKBANK | 1894.85 | 1860 |
| KPITTECH | 1344.7 | 1380 |
| LALPATHLAB | 2877.65 | 2900 |
| LAURUSLABS | 585.15 | 580 |
| LICHSGFIN | 579.95 | 580 |
| LICI | 837.25 | 860 |
| LODHA | 1082.3 | 1140 |
| LT | 3503.25 | 3600 |
| LTF | 139.93 | 140 |
| LTIM | 6002.05 | 5900 |
| LTTS | 5453.15 | 5250 |
| LUPIN | 2151.2 | 2180 |
| M&M | 2886.45 | 2950 |
| M&MFIN | 275.45 | 275 |
| MANAPPURAM | 196.85 | 185 |
| MARICO | 667.9 | 660 |
| MARUTI | 12045.75 | 11700 |
| MAXHEALTH | 1082.85 | 1100 |
| MCX | 5860 | 5900 |
| METROPOLIS | 1870.7 | 1940 |
| MFSL | 1056.4 | 1060 |
| MGL | 1312.9 | 1280 |
| MOTHERSON | 144.97 | 150 |
| MPHASIS | 2918.95 | 2900 |
| MRF | 111739.5 | 115000 |
| MUTHOOTFIN | 2195.1 | 2180 |
| NATIONALUM | 205.8 | 210 |
| NAUKRI | 7535.5 | 7700 |
| NAVINFLUOR | 3772.45 | 3700 |
| NCC | 247.2 | 250 |
| NESTLEIND | 2198.95 | 2200 |
| NHPC | 78.46 | 79 |
| NMDC | 68.09 | 68 |
| NTPC | 323.65 | 325 |
| NYKAA | 170.31 | 167.5 |
| OBEROIRLTY | 1821.9 | 1860 |
| OFSS | 10056.7 | 10250 |
| OIL | 451.3 | 470 |
| ONGC | 263.05 | 260 |
| PAGEIND | 46768.75 | 46500 |
| PAYTM | 849.1 | 880 |
| PEL | 1006.4 | 1080 |
| PERSISTENT | 6287.7 | 6100 |
| PETRONET | 330.65 | 335 |
| PFC | 421.25 | 440 |
| PIDILITIND | 2909.65 | 2900 |
| PIIND | 3526.65 | 3550 |
| PNB | 99.43 | 100 |
| POLICYBZR | 1686.8 | 1750 |
| POLYCAB | 6250.9 | 6400 |
| POONAWALLA | 332.8 | 320 |
| POWERGRID | 294.35 | 305 |
| PRESTIGE | 1342.6 | 1400 |
| PVRINOX | 1092.8 | 1140 |
| RAMCOCEM | 908.55 | 910 |
| RBLBANK | 155.97 | 160 |
| RECLTD | 463.75 | 490 |
| RELIANCE | 1263.65 | 1260 |
| SAIL | 109.14 | 112.5 |
| SBICARD | 760 | 750 |
| SBILIFE | 1449.85 | 1460 |
| SBIN | 745.9 | 770 |
| SHREECEM | 25926.8 | 25500 |
| SHRIRAMFIN | 529.8 | 540 |
| SIEMENS | 6067.85 | 6200 |
| SJVN | 98.26 | 97.5 |
| SONACOMS | 542.6 | 560 |
| SRF | 2596.75 | 2560 |
| SUNPHARMA | 1833.6 | 1800 |
| SUNTV | 652.75 | 660 |
| SUPREMEIND | 3967.65 | 4000 |
| SYNGENE | 847 | 840 |
| TATACHEM | 975.45 | 1000 |
| TATACOMM | 1646.3 | 1700 |
| TATACONSUM | 983.9 | 960 |
| TATAELXSI | 6353.95 | 6300 |
| TATAMOTORS | 752.5 | 770 |
| TATAPOWER | 362.75 | 380 |
| TATASTEEL | 130.37 | 134 |
| TCS | 4145.45 | 4150 |
| TECHM | 1713.4 | 1700 |
| TIINDIA | 3363.7 | 3400 |
| TITAN | 3398.55 | 3400 |
| TORNTPHARM | 3263.75 | 3250 |
| TRENT | 5733.6 | 6000 |
| TVSMOTOR | 2300.1 | 2300 |
| UBL | 2073.75 | 2040 |
| ULTRACEMCO | 11420.9 | 11200 |
| UNIONBANK | 109.7 | 110 |
| UNITDSPR | 1500.65 | 1500 |
| UPL | 557.85 | 540 |
| VBL | 540.4 | 550 |
| VEDL | 446.5 | 460 |
| VOLTAS | 1497.65 | 1580 |
| WIPRO | 317.7 | 310 |
| YESBANK | 18.47 | 19 |
| ZOMATO | 221.95 | 230 |
| ZYDUSLIFE | 989.15 | 990 |
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.
