TRENT
Trent Ltd
Max pain for TRENT
21 Nov 2024 02:02 PM IST
Max Pain for TRENT is 6600
Strike 5400 has a total call value of 0 versus a total put value of 222,104,000,000 Combined total value = 222,104,000,000
Strike 5500 has a total call value of 0 versus a total put value of 201,482,000,000 Combined total value = 201,482,000,000
Strike 5600 has a total call value of 0 versus a total put value of 180,860,000,000 Combined total value = 180,860,000,000
Strike 5700 has a total call value of 0 versus a total put value of 161,087,000,000 Combined total value = 161,087,000,000
Strike 5800 has a total call value of 0 versus a total put value of 141,552,000,000 Combined total value = 141,552,000,000
Strike 5900 has a total call value of 0 versus a total put value of 122,838,000,000 Combined total value = 122,838,000,000
Strike 6000 has a total call value of 0 versus a total put value of 104,369,000,000 Combined total value = 104,369,000,000
Strike 6100 has a total call value of 369,000,000 versus a total put value of 88,842,000,000 Combined total value = 89,211,000,000
Strike 6200 has a total call value of 889,000,000 versus a total put value of 73,947,000,000 Combined total value = 74,836,000,000
Strike 6300 has a total call value of 1,567,000,000 versus a total put value of 60,620,000,000 Combined total value = 62,187,000,000
Strike 6400 has a total call value of 2,979,000,000 versus a total put value of 49,157,000,000 Combined total value = 52,136,000,000
Strike 6500 has a total call value of 5,978,000,000 versus a total put value of 39,916,000,000 Combined total value = 45,894,000,000
Strike 6600 has a total call value of 12,697,000,000 versus a total put value of 32,259,000,000 Combined total value = 44,956,000,000
Strike 6700 has a total call value of 22,205,000,000 versus a total put value of 25,755,000,000 Combined total value = 47,960,000,000
Strike 6800 has a total call value of 34,062,000,000 versus a total put value of 19,815,000,000 Combined total value = 53,877,000,000
Strike 6900 has a total call value of 48,227,000,000 versus a total put value of 14,673,000,000 Combined total value = 62,900,000,000
Strike 7000 has a total call value of 64,849,000,000 versus a total put value of 10,600,000,000 Combined total value = 75,449,000,000
Strike 7100 has a total call value of 87,435,000,000 versus a total put value of 7,425,000,000 Combined total value = 94,860,000,000
Strike 7200 has a total call value of 111,722,000,000 versus a total put value of 4,711,000,000 Combined total value = 116,433,000,000
Strike 7300 has a total call value of 139,806,000,000 versus a total put value of 3,418,000,000 Combined total value = 143,224,000,000
Strike 7400 has a total call value of 169,955,000,000 versus a total put value of 2,586,000,000 Combined total value = 172,541,000,000
Strike 7500 has a total call value of 201,479,000,000 versus a total put value of 1,754,000,000 Combined total value = 203,233,000,000
Strike 7600 has a total call value of 237,551,000,000 versus a total put value of 1,308,000,000 Combined total value = 238,859,000,000
Strike 7700 has a total call value of 274,770,000,000 versus a total put value of 1,013,000,000 Combined total value = 275,783,000,000
Strike 7800 has a total call value of 312,981,000,000 versus a total put value of 718,000,000 Combined total value = 313,699,000,000
Strike 7900 has a total call value of 351,906,000,000 versus a total put value of 423,000,000 Combined total value = 352,329,000,000
Strike 8000 has a total call value of 391,195,000,000 versus a total put value of 128,000,000 Combined total value = 391,323,000,000
Strike 8100 has a total call value of 433,512,000,000 versus a total put value of 101,000,000 Combined total value = 433,613,000,000
Strike 8200 has a total call value of 476,221,000,000 versus a total put value of 74,000,000 Combined total value = 476,295,000,000
Strike 8300 has a total call value of 518,930,000,000 versus a total put value of 47,000,000 Combined total value = 518,977,000,000
Strike 8400 has a total call value of 561,933,000,000 versus a total put value of 20,000,000 Combined total value = 561,953,000,000
Strike 8500 has a total call value of 604,936,000,000 versus a total put value of 0 Combined total value = 604,936,000,000
Strike 8600 has a total call value of 649,086,000,000 versus a total put value of 0 Combined total value = 649,086,000,000
Strike 8700 has a total call value of 693,236,000,000 versus a total put value of 0 Combined total value = 693,236,000,000
Strike 8800 has a total call value of 737,386,000,000 versus a total put value of 0 Combined total value = 737,386,000,000
Strike 8900 has a total call value of 781,536,000,000 versus a total put value of 0 Combined total value = 781,536,000,000
Strike 9000 has a total call value of 825,686,000,000 versus a total put value of 0 Combined total value = 825,686,000,000
Strike 9100 has a total call value of 870,388,000,000 versus a total put value of 0 Combined total value = 870,388,000,000
Strike 9200 has a total call value of 915,090,000,000 versus a total put value of 0 Combined total value = 915,090,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.4 | 470 |
| ABB | 6769.4 | 7000 |
| ABBOTINDIA | 26990 | 28000 |
| ABCAPITAL | 184.17 | 200 |
| ABFRL | 286.9 | 300 |
| ACC | 2040 | 2240 |
| ADANIENT | 2312.6 | 2640 |
| ADANIPORTS | 1138.35 | 1200 |
| ALKEM | 5560 | 5500 |
| AMBUJACEM | 496.9 | 540 |
| APOLLOHOSP | 6730.15 | 6900 |
| APOLLOTYRE | 483.9 | 480 |
| ASHOKLEY | 217.79 | 220 |
| ASIANPAINT | 2429.55 | 2540 |
| ASTRAL | 1712.85 | 1780 |
| ATUL | 7246 | 7500 |
| AUBANK | 594.05 | 590 |
| AUROPHARMA | 1220.5 | 1300 |
| AXISBANK | 1141.3 | 1150 |
| BAJAJ-AUTO | 9486.4 | 9700 |
| BAJAJFINSV | 1575.65 | 1620 |
| BAJFINANCE | 6487.55 | 6700 |
| BALKRISIND | 2740.7 | 2800 |
| BANDHANBNK | 166.6 | 177.5 |
| BANKBARODA | 229.65 | 240 |
| BATAINDIA | 1280.65 | 1310 |
| BEL | 275.25 | 285 |
| BERGEPAINT | 466.8 | 495 |
| BHARATFORG | 1298.5 | 1340 |
| BHARTIARTL | 1520.35 | 1560 |
| BHEL | 227.67 | 235 |
| BIOCON | 324.65 | 330 |
| BOSCHLTD | 34092.3 | 34000 |
| BPCL | 282.4 | 300 |
| BRITANNIA | 4765.2 | 5000 |
| BSOFT | 545 | 560 |
| CANBK | 94.84 | 100 |
| CANFINHOME | 820.25 | 830 |
| CHAMBLFERT | 459.25 | 480 |
| CHOLAFIN | 1213.45 | 1240 |
| CIPLA | 1457.8 | 1520 |
| COALINDIA | 405.7 | 425 |
| COFORGE | 8212 | 8000 |
| COLPAL | 2680.5 | 2800 |
| CONCOR | 769.7 | 810 |
| COROMANDEL | 1774.5 | 1720 |
| CROMPTON | 382.4 | 390 |
| CUB | 170.94 | 175 |
| CUMMINSIND | 3289.9 | 3400 |
| DABUR | 506.7 | 525 |
| DALBHARAT | 1774 | 1760 |
| DEEPAKNTR | 2626.75 | 2650 |
| DIVISLAB | 5951.2 | 5900 |
| DIXON | 15052 | 14750 |
| DLF | 776.5 | 780 |
| DRREDDY | 1194.1 | 1220 |
| EICHERMOT | 4903.3 | 4900 |
| ESCORTS | 3460.55 | 3600 |
| EXIDEIND | 415.65 | 440 |
| FEDERALBNK | 210.75 | 205 |
| GAIL | 189.21 | 197.5 |
| GLENMARK | 1463.1 | 1520 |
| GMRINFRA | 76.92 | 82 |
| GNFC | 556 | 570 |
| GODREJCP | 1180.2 | 1200 |
| GODREJPROP | 2717.65 | 2750 |
| GRANULES | 545.1 | 580 |
| GRASIM | 2535 | 2540 |
| GUJGASLTD | 453.5 | 480 |
| HAL | 3995 | 4200 |
| HAVELLS | 1630.15 | 1640 |
| HCLTECH | 1830.95 | 1820 |
| HDFCAMC | 4207.65 | 4300 |
| HDFCBANK | 1742 | 1740 |
| HDFCLIFE | 673.6 | 680 |
| HEROMOTOCO | 4753.85 | 4800 |
| HINDALCO | 647 | 650 |
| HINDCOPPER | 263.3 | 290 |
| HINDPETRO | 360.25 | 375 |
| HINDUNILVR | 2378.5 | 2480 |
| ICICIBANK | 1249.65 | 1260 |
| ICICIGI | 1816.9 | 1880 |
| ICICIPRULI | 680.85 | 690 |
| IDEA | 6.99 | 8 |
| IDFCFIRSTB | 63.16 | 66 |
| IEX | 161.46 | 170 |
| IGL | 312.15 | 330 |
| INDHOTEL | 790.75 | 760 |
| INDIAMART | 2244 | 2400 |
| INDIGO | 4062.2 | 4000 |
| INDUSINDBK | 974 | 1040 |
| INDUSTOWER | 331.4 | 340 |
| INFY | 1826.85 | 1800 |
| IOC | 131.07 | 140 |
| IPCALAB | 1567.45 | 1560 |
| IRCTC | 796.6 | 820 |
| ITC | 456.55 | 475 |
| JINDALSTEL | 874.95 | 900 |
| JKCEMENT | 4006.4 | 4000 |
| JSWSTEEL | 942.8 | 960 |
| JUBLFOOD | 610.8 | 610 |
| KOTAKBANK | 1734.6 | 1760 |
| LALPATHLAB | 3020.1 | 3100 |
| LAURUSLABS | 487.7 | 490 |
| LICHSGFIN | 612.3 | 630 |
| LT | 3493.95 | 3600 |
| LTF | 137.85 | 140 |
| LTIM | 5913.75 | 5900 |
| LTTS | 5162.9 | 5150 |
| LUPIN | 2037.4 | 2100 |
| M&M | 2945.5 | 2900 |
| M&MFIN | 257.45 | 265 |
| MANAPPURAM | 151 | 155 |
| MARICO | 589.25 | 600 |
| MARUTI | 10913.05 | 11000 |
| MCX | 6181.75 | 6200 |
| METROPOLIS | 2010.95 | 2060 |
| MFSL | 1176.2 | 1200 |
| MGL | 1117.5 | 1160 |
| MOTHERSON | 161.88 | 175 |
| MPHASIS | 2771.6 | 2850 |
| MRF | 123020.55 | 122500 |
| MUTHOOTFIN | 1909 | 1880 |
| NATIONALUM | 249.21 | 240 |
| NAUKRI | 7529.1 | 7700 |
| NAVINFLUOR | 3271.8 | 3400 |
| NESTLEIND | 2204.95 | 2280 |
| NMDC | 218.7 | 225 |
| NTPC | 357.1 | 370 |
| OBEROIRLTY | 1931.8 | 1960 |
| OFSS | 11139.1 | 11500 |
| ONGC | 242.2 | 254 |
| PAGEIND | 44617.2 | 45500 |
| PEL | 1053.55 | 1060 |
| PERSISTENT | 5728.6 | 5600 |
| PETRONET | 320.85 | 328 |
| PFC | 452.6 | 460 |
| PIDILITIND | 2948.75 | 3060 |
| PIIND | 4127.4 | 4200 |
| PNB | 96.79 | 102 |
| POLYCAB | 6426.1 | 6500 |
| POWERGRID | 322.4 | 320 |
| PVRINOX | 1445.55 | 1500 |
| RAMCOCEM | 918.05 | 900 |
| RBLBANK | 158.59 | 160 |
| RECLTD | 490.3 | 510 |
| RELIANCE | 1219.15 | 1290 |
| SAIL | 111.41 | 115 |
| SBICARD | 673.55 | 690 |
| SBILIFE | 1484 | 1520 |
| SBIN | 782.25 | 800 |
| SHREECEM | 24280.4 | 24500 |
| SHRIRAMFIN | 2809.35 | 2900 |
| SIEMENS | 6676.7 | 6800 |
| SRF | 2157.55 | 2260 |
| SUNPHARMA | 1765 | 1800 |
| SUNTV | 728.3 | 730 |
| SYNGENE | 845.45 | 870 |
| TATACHEM | 1056.75 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 910.8 | 950 |
| TATAMOTORS | 778.8 | 800 |
| TATAPOWER | 410.2 | 420 |
| TATASTEEL | 140.61 | 145 |
| TCS | 4055.25 | 4100 |
| TECHM | 1697.9 | 1680 |
| TITAN | 3166.8 | 3200 |
| TORNTPHARM | 3093.05 | 3150 |
| TRENT | 6458.35 | 6600 |
| TVSMOTOR | 2400.6 | 2450 |
| UBL | 1823 | 1880 |
| ULTRACEMCO | 10931.3 | 11000 |
| UNITDSPR | 1490.05 | 1480 |
| UPL | 562.2 | 540 |
| VEDL | 442.6 | 460 |
| VOLTAS | 1675.1 | 1700 |
| WIPRO | 557.3 | 560 |
| ZYDUSLIFE | 940.6 | 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.
