UBL
United Breweries Ltd
Max pain for UBL
26 Dec 2024 04:13 PM IST
Max Pain for UBL is 2000
Strike 1900 has a total call value of 0 versus a total put value of 230,400,000 Combined total value = 230,400,000
Strike 1920 has a total call value of 0 versus a total put value of 177,600,000 Combined total value = 177,600,000
Strike 1940 has a total call value of 0 versus a total put value of 139,200,000 Combined total value = 139,200,000
Strike 1960 has a total call value of 0 versus a total put value of 100,800,000 Combined total value = 100,800,000
Strike 1980 has a total call value of 0 versus a total put value of 62,400,000 Combined total value = 62,400,000
Strike 2000 has a total call value of 7,200,000 versus a total put value of 24,000,000 Combined total value = 31,200,000
Strike 2020 has a total call value of 64,000,000 versus a total put value of 21,600,000 Combined total value = 85,600,000
Strike 2040 has a total call value of 151,200,000 versus a total put value of 19,200,000 Combined total value = 170,400,000
Strike 2060 has a total call value of 238,400,000 versus a total put value of 16,800,000 Combined total value = 255,200,000
Strike 2080 has a total call value of 325,600,000 versus a total put value of 14,400,000 Combined total value = 340,000,000
Strike 2100 has a total call value of 446,400,000 versus a total put value of 12,000,000 Combined total value = 458,400,000
Strike 2120 has a total call value of 788,800,000 versus a total put value of 9,600,000 Combined total value = 798,400,000
Strike 2140 has a total call value of 1,131,200,000 versus a total put value of 7,200,000 Combined total value = 1,138,400,000
Strike 2160 has a total call value of 1,483,200,000 versus a total put value of 4,800,000 Combined total value = 1,488,000,000
Strike 2180 has a total call value of 1,835,200,000 versus a total put value of 2,400,000 Combined total value = 1,837,600,000
Strike 2200 has a total call value of 2,187,200,000 versus a total put value of 0 Combined total value = 2,187,200,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 413.25 | 430 |
| ABB | 6945.3 | 7100 |
| ABBOTINDIA | 28597 | 28000 |
| ABCAPITAL | 184.35 | 200 |
| ABFRL | 282.3 | 300 |
| ACC | 2087.65 | 2400 |
| ADANIENSOL | 792.3 | 800 |
| ADANIENT | 2400.25 | 2800 |
| ADANIGREEN | 1064.25 | 1080 |
| ADANIPORTS | 1243.95 | 1220 |
| ALKEM | 5408.6 | 5500 |
| AMBUJACEM | 548.8 | 600 |
| ANGELONE | 2903.95 | 2950 |
| APLAPOLLO | 1497.2 | 1500 |
| APOLLOHOSP | 7261.15 | 7300 |
| APOLLOTYRE | 542.25 | 530 |
| ASHOKLEY | 220.14 | 225 |
| ASIANPAINT | 2262.4 | 2320 |
| ASTRAL | 1671.5 | 1800 |
| ATGL | 672 | 700 |
| ATUL | 7097.35 | 7200 |
| AUBANK | 548.3 | 560 |
| AUROPHARMA | 1256.25 | 1260 |
| AXISBANK | 1076.7 | 1100 |
| BAJAJ-AUTO | 8878.5 | 9000 |
| BAJAJFINSV | 1559.3 | 1600 |
| BAJFINANCE | 6815.75 | 7000 |
| BALKRISIND | 2824.7 | 2850 |
| BANDHANBNK | 161.47 | 170 |
| BANKBARODA | 246.68 | 255 |
| BANKINDIA | 103.17 | 105 |
| BATAINDIA | 1350.45 | 1400 |
| BEL | 295.2 | 300 |
| BERGEPAINT | 441 | 450 |
| BHARATFORG | 1314.25 | 1340 |
| BHARTIARTL | 1599.5 | 1600 |
| BHEL | 241.75 | 250 |
| BIOCON | 346.45 | 345 |
| BOSCHLTD | 34190.1 | 35000 |
| BPCL | 295.6 | 300 |
| BRITANNIA | 4761.65 | 4800 |
| BSE | 5442.35 | 5400 |
| BSOFT | 570.25 | 600 |
| CAMS | 4964 | 5000 |
| CANBK | 101.03 | 104 |
| CANFINHOME | 723.95 | 760 |
| CDSL | 1806.65 | 1860 |
| CESC | 184.82 | 185 |
| CGPOWER | 743.75 | 730 |
| CHAMBLFERT | 500.4 | 500 |
| CHOLAFIN | 1189.35 | 1200 |
| CIPLA | 1490.55 | 1500 |
| COALINDIA | 386.6 | 405 |
| COFORGE | 9493.25 | 9400 |
| COLPAL | 2719.2 | 2800 |
| CONCOR | 776.35 | 830 |
| COROMANDEL | 1845.05 | 1840 |
| CROMPTON | 393.6 | 400 |
| CUB | 173.54 | 177.5 |
| CUMMINSIND | 3364.25 | 3300 |
| CYIENT | 1928.35 | 1900 |
| DABUR | 505.6 | 510 |
| DALBHARAT | 1738.55 | 1800 |
| DEEPAKNTR | 2571.25 | 2700 |
| DELHIVERY | 350.95 | 350 |
| DIVISLAB | 5886.75 | 5800 |
| DIXON | 18038.15 | 18000 |
| DLF | 838.7 | 850 |
| DMART | 3511.65 | 3500 |
| DRREDDY | 1355.15 | 1350 |
| EICHERMOT | 4801.35 | 4800 |
| ESCORTS | 3151.1 | 3300 |
| EXIDEIND | 418.3 | 440 |
| FEDERALBNK | 197.68 | 200 |
| GAIL | 197.63 | 200 |
| GLENMARK | 1541.45 | 1540 |
| GMRAIRPORT | 79.04 | 84 |
| GMRINFRA | 0 | 32 |
| GNFC | 575.5 | 600 |
| GODREJCP | 1071.2 | 1100 |
| GODREJPROP | 2855.75 | 2900 |
| GRANULES | 592.95 | 590 |
| GRASIM | 2482.05 | 2600 |
| GUJGASLTD | 509 | 510 |
| HAL | 4229.2 | 4400 |
| HAVELLS | 1676.4 | 1700 |
| HCLTECH | 1900.75 | 1900 |
| HDFCAMC | 4269.45 | 4300 |
| HDFCBANK | 1790.75 | 1800 |
| HDFCLIFE | 626.4 | 630 |
| HEROMOTOCO | 4275 | 4400 |
| HFCL | 114.67 | 115 |
| HINDALCO | 628.75 | 640 |
| HINDCOPPER | 263.2 | 270 |
| HINDPETRO | 419.3 | 410 |
| HINDUNILVR | 2332.75 | 2400 |
| HUDCO | 227.58 | 240 |
| ICICIBANK | 1297.35 | 1300 |
| ICICIGI | 1861.15 | 2000 |
| ICICIPRULI | 668.1 | 660 |
| IDEA | 7.56 | 8 |
| IDFCFIRSTB | 61.75 | 65 |
| IEX | 180.17 | 185 |
| IGL | 390.5 | 390 |
| INDHOTEL | 868.3 | 860 |
| INDIAMART | 2231.5 | 2300 |
| INDIANB | 543.8 | 550 |
| INDIGO | 4725 | 4600 |
| INDUSINDBK | 931.95 | 980 |
| INDUSTOWER | 332.35 | 350 |
| INFY | 1907.4 | 1940 |
| IOC | 137.85 | 145 |
| IPCALAB | 1594.4 | 1600 |
| IRB | 55.87 | 55 |
| IRCTC | 782.4 | 820 |
| IRFC | 146.89 | 145 |
| ITC | 476.95 | 480 |
| JINDALSTEL | 941.35 | 950 |
| JIOFIN | 305.55 | 320 |
| JKCEMENT | 4595 | 4500 |
| JSL | 733.85 | 740 |
| JSWENERGY | 636.5 | 650 |
| JSWSTEEL | 914.45 | 940 |
| JUBLFOOD | 703.9 | 700 |
| KALYANKJIL | 726.45 | 720 |
| KEI | 4320.25 | 4300 |
| KOTAKBANK | 1752.8 | 1800 |
| KPITTECH | 1452.2 | 1420 |
| LALPATHLAB | 2954.55 | 3000 |
| LAURUSLABS | 570.6 | 570 |
| LICHSGFIN | 588.2 | 610 |
| LICI | 891.9 | 920 |
| LODHA | 1414.05 | 1400 |
| LT | 3629.5 | 3700 |
| LTF | 136.82 | 140 |
| LTIM | 5752.35 | 5900 |
| LTTS | 4668.05 | 4800 |
| LUPIN | 2182.1 | 2180 |
| M&M | 2975.65 | 3000 |
| M&MFIN | 265.6 | 275 |
| MANAPPURAM | 184.29 | 180 |
| MARICO | 632.6 | 630 |
| MARUTI | 10896 | 11000 |
| MAXHEALTH | 1155.7 | 1100 |
| MCX | 6352.65 | 6400 |
| METROPOLIS | 2028.1 | 2100 |
| MFSL | 1114.2 | 1120 |
| MGL | 1238.95 | 1260 |
| MOTHERSON | 156.4 | 162.5 |
| MPHASIS | 2908.45 | 3000 |
| MRF | 131204.2 | 130000 |
| MUTHOOTFIN | 2062.5 | 2040 |
| NATIONALUM | 217.07 | 220 |
| NAUKRI | 8667.5 | 8600 |
| NAVINFLUOR | 3326.3 | 3500 |
| NCC | 284.5 | 300 |
| NESTLEIND | 2149.9 | 2200 |
| NHPC | 82.04 | 85 |
| NMDC | 214.45 | 230 |
| NTPC | 334.65 | 350 |
| NYKAA | 160.85 | 160 |
| OBEROIRLTY | 2322.65 | 2300 |
| OFSS | 12279.6 | 12250 |
| OIL | 427.05 | 440 |
| ONGC | 240.25 | 250 |
| PAGEIND | 47083.35 | 48000 |
| PAYTM | 1002.35 | 980 |
| PEL | 1098.45 | 1100 |
| PERSISTENT | 6395.8 | 6300 |
| PETRONET | 344.75 | 340 |
| PFC | 463.25 | 470 |
| PIDILITIND | 2932.45 | 3000 |
| PIIND | 3746 | 3800 |
| PNB | 102.16 | 105 |
| POLICYBZR | 2037.2 | 2050 |
| POLYCAB | 7144.6 | 7200 |
| POONAWALLA | 320.45 | 320 |
| POWERGRID | 310.3 | 320 |
| PRESTIGE | 1751.8 | 1750 |
| PVRINOX | 1336.85 | 1380 |
| RAMCOCEM | 976.55 | 1000 |
| RBLBANK | 162.41 | 160 |
| RECLTD | 519.1 | 520 |
| RELIANCE | 1216.55 | 1270 |
| SAIL | 117.59 | 125 |
| SBICARD | 679.2 | 700 |
| SBILIFE | 1409.05 | 1420 |
| SBIN | 812.45 | 830 |
| SHREECEM | 26342.7 | 26000 |
| SHRIRAMFIN | 2926.9 | 3000 |
| SIEMENS | 6705.55 | 6800 |
| SJVN | 108.87 | 115 |
| SONACOMS | 593.55 | 600 |
| SRF | 2262.15 | 2300 |
| SUNPHARMA | 1841.35 | 1820 |
| SUNTV | 686.45 | 720 |
| SUPREMEIND | 4756.55 | 5000 |
| SYNGENE | 846.6 | 850 |
| TATACHEM | 1057.65 | 1080 |
| TATACOMM | 1733.35 | 1760 |
| TATACONSUM | 900.95 | 920 |
| TATAELXSI | 6896.2 | 7000 |
| TATAMOTORS | 740.8 | 760 |
| TATAPOWER | 404.3 | 420 |
| TATASTEEL | 140.36 | 147.5 |
| TCS | 4169.1 | 4250 |
| TECHM | 1698.7 | 1720 |
| TIINDIA | 3636.9 | 3600 |
| TITAN | 3323.05 | 3400 |
| TORNTPHARM | 3421.35 | 3400 |
| TRENT | 7063.7 | 7000 |
| TVSMOTOR | 2438.55 | 2500 |
| UBL | 2015.1 | 2000 |
| ULTRACEMCO | 11460.65 | 11500 |
| UNIONBANK | 119.05 | 120 |
| UNITDSPR | 1566.95 | 1560 |
| UPL | 499.65 | 520 |
| VBL | 624.1 | 630 |
| VEDL | 460.45 | 480 |
| VOLTAS | 1711.3 | 1740 |
| WIPRO | 305.05 | 300 |
| YESBANK | 19.8 | 20 |
| ZOMATO | 273.2 | 250 |
| ZYDUSLIFE | 957.65 | 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.
