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TECHM
Tech Mahindra Limited

1719.75 6.35 (0.37%)

Max pain for TECHM

24 Jan 2025 01:42 PM IST

Max Pain for TECHM is 1700  



Strike  1400  has a total call value of 0  versus a total put value of  99,712,800,000 Combined total value = 99,712,800,000

Strike  1420  has a total call value of 0  versus a total put value of  91,098,000,000 Combined total value = 91,098,000,000

Strike  1440  has a total call value of 0  versus a total put value of  82,483,200,000 Combined total value = 82,483,200,000

Strike  1460  has a total call value of 0  versus a total put value of  74,168,400,000 Combined total value = 74,168,400,000

Strike  1480  has a total call value of 0  versus a total put value of  65,853,600,000 Combined total value = 65,853,600,000

Strike  1500  has a total call value of 0  versus a total put value of  57,784,800,000 Combined total value = 57,784,800,000

Strike  1520  has a total call value of 0  versus a total put value of  50,086,800,000 Combined total value = 50,086,800,000

Strike  1540  has a total call value of 97,200,000  versus a total put value of  42,714,000,000 Combined total value = 42,811,200,000

Strike  1560  has a total call value of 194,400,000  versus a total put value of  35,706,000,000 Combined total value = 35,900,400,000

Strike  1580  has a total call value of 291,600,000  versus a total put value of  29,052,000,000 Combined total value = 29,343,600,000

Strike  1600  has a total call value of 388,800,000  versus a total put value of  22,813,200,000 Combined total value = 23,202,000,000

Strike  1620  has a total call value of 642,000,000  versus a total put value of  17,456,400,000 Combined total value = 18,098,400,000

Strike  1640  has a total call value of 1,110,000,000  versus a total put value of  12,632,400,000 Combined total value = 13,742,400,000

Strike  1660  has a total call value of 1,798,800,000  versus a total put value of  8,430,000,000 Combined total value = 10,228,800,000

Strike  1680  has a total call value of 3,088,800,000  versus a total put value of  5,218,800,000 Combined total value = 8,307,600,000

Strike  1700  has a total call value of 5,042,400,000  versus a total put value of  2,904,000,000 Combined total value = 7,946,400,000

Strike  1720  has a total call value of 7,928,400,000  versus a total put value of  1,518,000,000 Combined total value = 9,446,400,000

Strike  1740  has a total call value of 12,142,800,000  versus a total put value of  880,800,000 Combined total value = 13,023,600,000

Strike  1760  has a total call value of 17,304,000,000  versus a total put value of  444,000,000 Combined total value = 17,748,000,000

Strike  1780  has a total call value of 26,086,800,000  versus a total put value of  219,600,000 Combined total value = 26,306,400,000

Strike  1800  has a total call value of 35,565,600,000  versus a total put value of  16,800,000 Combined total value = 35,582,400,000

Strike  1820  has a total call value of 46,082,400,000  versus a total put value of  13,200,000 Combined total value = 46,095,600,000

Strike  1840  has a total call value of 57,034,800,000  versus a total put value of  9,600,000 Combined total value = 57,044,400,000

Strike  1860  has a total call value of 68,214,000,000  versus a total put value of  8,400,000 Combined total value = 68,222,400,000

Strike  1880  has a total call value of 79,582,800,000  versus a total put value of  7,200,000 Combined total value = 79,590,000,000

Strike  1900  has a total call value of 91,155,600,000  versus a total put value of  6,000,000 Combined total value = 91,161,600,000

Strike  1920  has a total call value of 103,147,200,000  versus a total put value of  4,800,000 Combined total value = 103,152,000,000

Strike  1940  has a total call value of 115,296,000,000  versus a total put value of  3,600,000 Combined total value = 115,299,600,000

Strike  1960  has a total call value of 127,544,400,000  versus a total put value of  2,400,000 Combined total value = 127,546,800,000

Strike  1980  has a total call value of 139,983,600,000  versus a total put value of  1,200,000 Combined total value = 139,984,800,000

Strike  2000  has a total call value of 152,422,800,000  versus a total put value of  0 Combined total value = 152,422,800,000


  Note:- click on symbol to see more detailed view
Max Pain
Symbol Symbol Ltp Max Pain
AARTIIND 440 435
ABB 6214.7 6400
ABBOTINDIA 27493.3 28500
ABCAPITAL 172.22 180
ABFRL 276.6 275
ACC 2046.65 2080
ADANIENSOL 790.35 800
ADANIENT 2346.05 2400
ADANIGREEN 1019.6 1020
ADANIPORTS 1100 1160
ALKEM 5063.4 5300
AMBUJACEM 553.5 550
ANGELONE 2357.4 2500
APLAPOLLO 1570 1560
APOLLOHOSP 6777.95 6900
APOLLOTYRE 427.5 450
ASHOKLEY 205.49 210
ASIANPAINT 2268.9 2300
ASTRAL 1465 1560
ATGL 644.9 660
ATUL 6788 6800
AUBANK 584.8 580
AUROPHARMA 1215.6 1240
AXISBANK 950.6 990
BAJAJ-AUTO 8455.95 8700
BAJAJFINSV 1732.6 1680
BAJFINANCE 7459.1 7300
BALKRISIND 2678.95 2760
BANDHANBNK 149.67 160
BANKBARODA 227.2 235
BANKINDIA 99.1 100
BATAINDIA 1287.85 1320
BEL 271.75 280
BERGEPAINT 482.75 465
BHARATFORG 1227 1240
BHARTIARTL 1645 1640
BHEL 202.26 215
BIOCON 390.8 380
BOSCHLTD 30409.35 31500
BPCL 268.4 270
BRITANNIA 5085.3 4850
BSE 5885.55 5700
BSOFT 546.2 550
CAMS 4126.7 4200
CANBK 97.59 100
CANFINHOME 684.7 680
CDSL 1508.65 1580
CESC 140.66 145.5
CGPOWER 620.8 650
CHAMBLFERT 500.65 500
CHOLAFIN 1229.3 1260
CIPLA 1418.6 1480
COALINDIA 384.85 390
COFORGE 9266.45 9000
COLPAL 2755 2750
CONCOR 759.6 780
COROMANDEL 1826.35 1860
CROMPTON 342.7 355
CUB 168.84 170
CUMMINSIND 2837.4 3000
CYIENT 1401 1500
DABUR 524.05 520
DALBHARAT 1814 1780
DEEPAKNTR 2314.05 2400
DELHIVERY 326.8 330
DIVISLAB 5733.15 5900
DIXON 15478 16000
DLF 702.5 740
DMART 3579.55 3650
DRREDDY 1226.4 1250
EICHERMOT 5200.55 5050
ESCORTS 3500 3400
EXIDEIND 373 400
FEDERALBNK 189.21 195
GAIL 176.34 185
GLENMARK 1452.95 1500
GMRAIRPORT 72.32 77
GMRINFRA 0 32
GNFC 560.7 560
GODREJCP 1130.4 1120
GODREJPROP 2175 2300
GRANULES 584.2 590
GRASIM 2488.35 2480
GUJGASLTD 497.7 500
HAL 3874.45 4050
HAVELLS 1541.45 1580
HCLTECH 1803.4 1820
HDFCAMC 3918.95 4000
HDFCBANK 1652.9 1670
HDFCLIFE 623.7 630
HEROMOTOCO 4064.1 4150
HFCL 99.88 102.5
HINDALCO 609.55 600
HINDCOPPER 245.08 250
HINDPETRO 357.9 370
HINDUNILVR 2361.1 2360
HUDCO 221.2 220
ICICIBANK 1210.15 1230
ICICIGI 1824.15 1880
ICICIPRULI 593.35 600
IDEA 9.54 9
IDFCFIRSTB 62.77 63
IEX 172.53 175
IGL 385.15 400
INDHOTEL 786.15 800
INDIAMART 2084.95 2140
INDIANB 505.7 520
INDIGO 4146 4200
INDUSINDBK 959.85 980
INDUSTOWER 369.1 355
INFY 1882.2 1880
IOC 129.1 135
IPCALAB 1534 1580
IRB 52.24 54
IRCTC 791.9 800
IRFC 140.06 137.5
ITC 443.35 445
JINDALSTEL 894.5 920
JIOFIN 246 265
JKCEMENT 4769.95 4700
JSL 634.3 630
JSWENERGY 548.15 570
JSWSTEEL 935 930
JUBLFOOD 673.55 700
KALYANKJIL 461.8 560
KEI 4330.45 4300
KOTAKBANK 1894.25 1860
KPITTECH 1326.3 1380
LALPATHLAB 2824.55 2900
LAURUSLABS 583.25 580
LICHSGFIN 576 580
LICI 824.95 850
LODHA 1100.8 1120
LT 3479.75 3600
LTF 139.59 140
LTIM 6000.55 5900
LTTS 5458 5250
LUPIN 2137.35 2180
M&M 2831.25 2900
M&MFIN 270.55 270
MANAPPURAM 197.83 187.5
MARICO 668.5 660
MARUTI 11981.2 11700
MAXHEALTH 1057.55 1080
MCX 5800.7 5800
METROPOLIS 1822.15 1920
MFSL 1056.25 1060
MGL 1282.65 1280
MOTHERSON 144.01 150
MPHASIS 3034.75 3000
MRF 111568.25 115000
MUTHOOTFIN 2178.6 2180
NATIONALUM 205 210
NAUKRI 7470 7700
NAVINFLUOR 3714 3700
NCC 237.65 250
NESTLEIND 2212.35 2200
NHPC 77.5 78
NMDC 67.28 68
NTPC 324.75 325
NYKAA 168.97 170
OBEROIRLTY 1777.35 1840
OFSS 9813.05 10250
OIL 427.05 450
ONGC 258.73 260
PAGEIND 46570 47000
PAYTM 812.45 860
PEL 987.5 1080
PERSISTENT 6352.9 6300
PETRONET 323.05 335
PFC 410.2 440
PIDILITIND 2848.6 2880
PIIND 3510.55 3550
PNB 98.65 100
POLICYBZR 1697.9 1750
POLYCAB 6020.4 6300
POONAWALLA 322.65 320
POWERGRID 298 305
PRESTIGE 1266.3 1350
PVRINOX 1071.95 1140
RAMCOCEM 898 910
RBLBANK 154.88 160
RECLTD 449.95 490
RELIANCE 1252 1260
SAIL 109.15 110
SBICARD 758.7 750
SBILIFE 1446.95 1460
SBIN 746.8 770
SHREECEM 25837.75 26000
SHRIRAMFIN 532.2 540
SIEMENS 5899.1 6100
SJVN 96.39 97.5
SONACOMS 525 550
SRF 2578.55 2560
SUNPHARMA 1821.1 1800
SUNTV 644.2 660
SUPREMEIND 3851.8 4000
SYNGENE 797.05 820
TATACHEM 962.55 1000
TATACOMM 1640.85 1700
TATACONSUM 993.25 960
TATAELXSI 6369 6300
TATAMOTORS 738.4 760
TATAPOWER 366.35 380
TATASTEEL 131.34 135
TCS 4153 4150
TECHM 1719.75 1700
TIINDIA 3258.9 3400
TITAN 3398.4 3400
TORNTPHARM 3239.45 3300
TRENT 5515.3 6000
TVSMOTOR 2272.9 2300
UBL 2070.2 2040
ULTRACEMCO 11313.75 11200
UNIONBANK 107.89 110
UNITDSPR 1479.95 1500
UPL 554.6 540
VBL 541 550
VEDL 447.35 460
VOLTAS 1464.95 1540
WIPRO 319.85 310
YESBANK 18.28 19
ZOMATO 219.1 230
ZYDUSLIFE 962.4 990

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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.