TRENT
Trent Ltd
Max pain for TRENT
12 Nov 2024 04:12 PM IST
Max Pain for TRENT is 6700
Strike 5400 has a total call value of 0 versus a total put value of 234,039,000,000 Combined total value = 234,039,000,000
Strike 5500 has a total call value of 0 versus a total put value of 212,106,000,000 Combined total value = 212,106,000,000
Strike 5600 has a total call value of 0 versus a total put value of 190,173,000,000 Combined total value = 190,173,000,000
Strike 5700 has a total call value of 0 versus a total put value of 169,116,000,000 Combined total value = 169,116,000,000
Strike 5800 has a total call value of 0 versus a total put value of 148,321,000,000 Combined total value = 148,321,000,000
Strike 5900 has a total call value of 0 versus a total put value of 128,357,000,000 Combined total value = 128,357,000,000
Strike 6000 has a total call value of 0 versus a total put value of 108,568,000,000 Combined total value = 108,568,000,000
Strike 6100 has a total call value of 387,000,000 versus a total put value of 92,203,000,000 Combined total value = 92,590,000,000
Strike 6200 has a total call value of 1,048,000,000 versus a total put value of 76,487,000,000 Combined total value = 77,535,000,000
Strike 6300 has a total call value of 1,891,000,000 versus a total put value of 62,105,000,000 Combined total value = 63,996,000,000
Strike 6400 has a total call value of 3,508,000,000 versus a total put value of 49,719,000,000 Combined total value = 53,227,000,000
Strike 6500 has a total call value of 6,075,000,000 versus a total put value of 39,405,000,000 Combined total value = 45,480,000,000
Strike 6600 has a total call value of 10,741,000,000 versus a total put value of 30,989,000,000 Combined total value = 41,730,000,000
Strike 6700 has a total call value of 17,652,000,000 versus a total put value of 23,918,000,000 Combined total value = 41,570,000,000
Strike 6800 has a total call value of 27,260,000,000 versus a total put value of 17,605,000,000 Combined total value = 44,865,000,000
Strike 6900 has a total call value of 39,095,000,000 versus a total put value of 12,290,000,000 Combined total value = 51,385,000,000
Strike 7000 has a total call value of 52,802,000,000 versus a total put value of 8,059,000,000 Combined total value = 60,861,000,000
Strike 7100 has a total call value of 72,996,000,000 versus a total put value of 4,946,000,000 Combined total value = 77,942,000,000
Strike 7200 has a total call value of 95,062,000,000 versus a total put value of 2,336,000,000 Combined total value = 97,398,000,000
Strike 7300 has a total call value of 121,418,000,000 versus a total put value of 1,184,000,000 Combined total value = 122,602,000,000
Strike 7400 has a total call value of 149,764,000,000 versus a total put value of 495,000,000 Combined total value = 150,259,000,000
Strike 7500 has a total call value of 180,013,000,000 versus a total put value of 0 Combined total value = 180,013,000,000
Strike 7600 has a total call value of 215,795,000,000 versus a total put value of 0 Combined total value = 215,795,000,000
Strike 7700 has a total call value of 253,104,000,000 versus a total put value of 0 Combined total value = 253,104,000,000
Strike 7800 has a total call value of 291,535,000,000 versus a total put value of 0 Combined total value = 291,535,000,000
Strike 7900 has a total call value of 330,813,000,000 versus a total put value of 0 Combined total value = 330,813,000,000
Strike 8000 has a total call value of 370,663,000,000 versus a total put value of 0 Combined total value = 370,663,000,000
Strike 8100 has a total call value of 415,342,000,000 versus a total put value of 0 Combined total value = 415,342,000,000
Strike 8200 has a total call value of 460,501,000,000 versus a total put value of 0 Combined total value = 460,501,000,000
Strike 8300 has a total call value of 505,928,000,000 versus a total put value of 0 Combined total value = 505,928,000,000
Strike 8400 has a total call value of 551,797,000,000 versus a total put value of 0 Combined total value = 551,797,000,000
Strike 8500 has a total call value of 597,762,000,000 versus a total put value of 0 Combined total value = 597,762,000,000
Strike 8600 has a total call value of 645,572,000,000 versus a total put value of 0 Combined total value = 645,572,000,000
Strike 8700 has a total call value of 693,467,000,000 versus a total put value of 0 Combined total value = 693,467,000,000
Strike 8800 has a total call value of 741,404,000,000 versus a total put value of 0 Combined total value = 741,404,000,000
Strike 8900 has a total call value of 789,400,000,000 versus a total put value of 0 Combined total value = 789,400,000,000
Strike 9000 has a total call value of 837,420,000,000 versus a total put value of 0 Combined total value = 837,420,000,000
Strike 9100 has a total call value of 886,296,000,000 versus a total put value of 0 Combined total value = 886,296,000,000
Strike 9200 has a total call value of 935,172,000,000 versus a total put value of 0 Combined total value = 935,172,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
