ULTRACEMCO
Ultratech Cement Limited
Max pain for ULTRACEMCO
21 Nov 2024 02:01 PM IST
Max Pain for ULTRACEMCO is 11000
Strike 9700 has a total call value of 0 versus a total put value of 32,279,000,000 Combined total value = 32,279,000,000
Strike 9800 has a total call value of 0 versus a total put value of 28,864,500,000 Combined total value = 28,864,500,000
Strike 9900 has a total call value of 0 versus a total put value of 25,571,500,000 Combined total value = 25,571,500,000
Strike 10000 has a total call value of 0 versus a total put value of 22,315,000,000 Combined total value = 22,315,000,000
Strike 10100 has a total call value of 0 versus a total put value of 19,408,500,000 Combined total value = 19,408,500,000
Strike 10200 has a total call value of 0 versus a total put value of 16,594,000,000 Combined total value = 16,594,000,000
Strike 10300 has a total call value of 2,000,000 versus a total put value of 13,859,000,000 Combined total value = 13,861,000,000
Strike 10400 has a total call value of 9,000,000 versus a total put value of 11,240,000,000 Combined total value = 11,249,000,000
Strike 10500 has a total call value of 25,500,000 versus a total put value of 8,779,500,000 Combined total value = 8,805,000,000
Strike 10600 has a total call value of 95,000,000 versus a total put value of 6,756,000,000 Combined total value = 6,851,000,000
Strike 10700 has a total call value of 228,000,000 versus a total put value of 4,966,500,000 Combined total value = 5,194,500,000
Strike 10800 has a total call value of 540,500,000 versus a total put value of 3,446,000,000 Combined total value = 3,986,500,000
Strike 10900 has a total call value of 1,052,000,000 versus a total put value of 2,268,500,000 Combined total value = 3,320,500,000
Strike 11000 has a total call value of 1,933,000,000 versus a total put value of 1,288,000,000 Combined total value = 3,221,000,000
Strike 11100 has a total call value of 3,533,000,000 versus a total put value of 785,500,000 Combined total value = 4,318,500,000
Strike 11200 has a total call value of 5,586,500,000 versus a total put value of 452,500,000 Combined total value = 6,039,000,000
Strike 11300 has a total call value of 8,511,500,000 versus a total put value of 286,000,000 Combined total value = 8,797,500,000
Strike 11400 has a total call value of 11,883,500,000 versus a total put value of 181,500,000 Combined total value = 12,065,000,000
Strike 11500 has a total call value of 15,536,500,000 versus a total put value of 99,000,000 Combined total value = 15,635,500,000
Strike 11600 has a total call value of 19,950,000,000 versus a total put value of 76,500,000 Combined total value = 20,026,500,000
Strike 11700 has a total call value of 24,669,000,000 versus a total put value of 54,000,000 Combined total value = 24,723,000,000
Strike 11800 has a total call value of 29,487,000,000 versus a total put value of 35,000,000 Combined total value = 29,522,000,000
Strike 11900 has a total call value of 34,427,000,000 versus a total put value of 16,000,000 Combined total value = 34,443,000,000
Strike 12000 has a total call value of 39,394,000,000 versus a total put value of 0 Combined total value = 39,394,000,000
Strike 12100 has a total call value of 44,756,000,000 versus a total put value of 0 Combined total value = 44,756,000,000
Strike 12200 has a total call value of 50,118,000,000 versus a total put value of 0 Combined total value = 50,118,000,000
Strike 12300 has a total call value of 55,480,000,000 versus a total put value of 0 Combined total value = 55,480,000,000
Strike 12400 has a total call value of 60,873,500,000 versus a total put value of 0 Combined total value = 60,873,500,000
Strike 12500 has a total call value of 66,317,500,000 versus a total put value of 0 Combined total value = 66,317,500,000
Strike 12600 has a total call value of 71,761,500,000 versus a total put value of 0 Combined total value = 71,761,500,000
Strike 12700 has a total call value of 77,205,500,000 versus a total put value of 0 Combined total value = 77,205,500,000
Strike 12800 has a total call value of 82,649,500,000 versus a total put value of 0 Combined total value = 82,649,500,000
Strike 12900 has a total call value of 88,093,500,000 versus a total put value of 0 Combined total value = 88,093,500,000
Strike 13000 has a total call value of 93,537,500,000 versus a total put value of 0 Combined total value = 93,537,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.95 | 470 |
| ABB | 6784.65 | 7000 |
| ABBOTINDIA | 26970 | 28000 |
| ABCAPITAL | 184.5 | 200 |
| ABFRL | 286.5 | 300 |
| ACC | 2039.55 | 2240 |
| ADANIENT | 2344.95 | 2660 |
| ADANIPORTS | 1144.7 | 1200 |
| ALKEM | 5555.15 | 5500 |
| AMBUJACEM | 498.4 | 540 |
| APOLLOHOSP | 6725.95 | 6900 |
| APOLLOTYRE | 484.4 | 480 |
| ASHOKLEY | 217.98 | 220 |
| ASIANPAINT | 2430.55 | 2540 |
| ASTRAL | 1713.75 | 1780 |
| ATUL | 7255.85 | 7500 |
| AUBANK | 594.1 | 590 |
| AUROPHARMA | 1221.1 | 1300 |
| AXISBANK | 1142.35 | 1150 |
| BAJAJ-AUTO | 9493.65 | 9700 |
| BAJAJFINSV | 1575.8 | 1620 |
| BAJFINANCE | 6490.05 | 6700 |
| BALKRISIND | 2741.3 | 2800 |
| BANDHANBNK | 166.9 | 177.5 |
| BANKBARODA | 230 | 240 |
| BATAINDIA | 1280 | 1310 |
| BEL | 275.9 | 285 |
| BERGEPAINT | 466.5 | 495 |
| BHARATFORG | 1306 | 1340 |
| BHARTIARTL | 1519.05 | 1560 |
| BHEL | 227.89 | 235 |
| BIOCON | 325 | 330 |
| BOSCHLTD | 34093.8 | 34000 |
| BPCL | 282.55 | 300 |
| BRITANNIA | 4764.95 | 5000 |
| BSOFT | 545.35 | 560 |
| CANBK | 95.06 | 100 |
| CANFINHOME | 823 | 830 |
| CHAMBLFERT | 460.15 | 480 |
| CHOLAFIN | 1215.1 | 1240 |
| CIPLA | 1456 | 1520 |
| COALINDIA | 405.7 | 425 |
| COFORGE | 8208.5 | 8000 |
| COLPAL | 2681.95 | 2800 |
| CONCOR | 771.45 | 810 |
| COROMANDEL | 1776.65 | 1720 |
| CROMPTON | 382.6 | 390 |
| CUB | 170.95 | 175 |
| CUMMINSIND | 3293.1 | 3400 |
| DABUR | 506.9 | 525 |
| DALBHARAT | 1774.85 | 1760 |
| DEEPAKNTR | 2628.2 | 2650 |
| DIVISLAB | 5953.95 | 5900 |
| DIXON | 15069.95 | 14750 |
| DLF | 778.45 | 780 |
| DRREDDY | 1193.7 | 1220 |
| EICHERMOT | 4909.7 | 4900 |
| ESCORTS | 3457.05 | 3600 |
| EXIDEIND | 416.4 | 440 |
| FEDERALBNK | 211.04 | 205 |
| GAIL | 189.74 | 197.5 |
| GLENMARK | 1461.85 | 1520 |
| GMRINFRA | 77.04 | 82 |
| GNFC | 557.25 | 570 |
| GODREJCP | 1180.5 | 1200 |
| GODREJPROP | 2718.1 | 2750 |
| GRANULES | 545 | 580 |
| GRASIM | 2532.05 | 2540 |
| GUJGASLTD | 454.9 | 480 |
| HAL | 3999.5 | 4200 |
| HAVELLS | 1631.2 | 1640 |
| HCLTECH | 1829 | 1820 |
| HDFCAMC | 4213.2 | 4300 |
| HDFCBANK | 1742.85 | 1740 |
| HDFCLIFE | 673.1 | 680 |
| HEROMOTOCO | 4755.2 | 4800 |
| HINDALCO | 646.8 | 650 |
| HINDCOPPER | 263.75 | 290 |
| HINDPETRO | 360.85 | 375 |
| HINDUNILVR | 2379.25 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1816.85 | 1880 |
| ICICIPRULI | 681.25 | 690 |
| IDEA | 6.99 | 8 |
| IDFCFIRSTB | 63.25 | 66 |
| IEX | 161.7 | 170 |
| IGL | 312.25 | 330 |
| INDHOTEL | 791.3 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4061.45 | 4000 |
| INDUSINDBK | 975.7 | 1040 |
| INDUSTOWER | 331.75 | 340 |
| INFY | 1826.65 | 1800 |
| IOC | 131.22 | 140 |
| IPCALAB | 1567 | 1560 |
| IRCTC | 798.2 | 820 |
| ITC | 456.6 | 475 |
| JINDALSTEL | 875 | 900 |
| JKCEMENT | 4008.45 | 4000 |
| JSWSTEEL | 942.4 | 960 |
| JUBLFOOD | 611.6 | 610 |
| KOTAKBANK | 1734.8 | 1760 |
| LALPATHLAB | 3018.7 | 3100 |
| LAURUSLABS | 488.4 | 490 |
| LICHSGFIN | 613.5 | 630 |
| LT | 3492.9 | 3600 |
| LTF | 138.17 | 140 |
| LTIM | 5914.15 | 5900 |
| LTTS | 5163.6 | 5150 |
| LUPIN | 2038.25 | 2100 |
| M&M | 2940.55 | 2900 |
| M&MFIN | 257.75 | 265 |
| MANAPPURAM | 151.19 | 155 |
| MARICO | 589 | 600 |
| MARUTI | 10906.75 | 11000 |
| MCX | 6199 | 6200 |
| METROPOLIS | 2011.95 | 2060 |
| MFSL | 1176.45 | 1200 |
| MGL | 1121.2 | 1160 |
| MOTHERSON | 161.97 | 175 |
| MPHASIS | 2772.9 | 2850 |
| MRF | 123150.7 | 122500 |
| MUTHOOTFIN | 1909 | 1880 |
| NATIONALUM | 248.94 | 240 |
| NAUKRI | 7531.55 | 7700 |
| NAVINFLUOR | 3276.4 | 3400 |
| NESTLEIND | 2205 | 2280 |
| NMDC | 218.94 | 225 |
| NTPC | 357.35 | 370 |
| OBEROIRLTY | 1933 | 1960 |
| OFSS | 11143.75 | 11500 |
| ONGC | 242.45 | 254 |
| PAGEIND | 44615.15 | 45500 |
| PEL | 1054.85 | 1060 |
| PERSISTENT | 5727.6 | 5600 |
| PETRONET | 321.25 | 328 |
| PFC | 454.25 | 460 |
| PIDILITIND | 2951.45 | 3060 |
| PIIND | 4128.4 | 4200 |
| PNB | 97 | 102 |
| POLYCAB | 6435.95 | 6500 |
| POWERGRID | 322.4 | 320 |
| PVRINOX | 1445.7 | 1500 |
| RAMCOCEM | 918.65 | 900 |
| RBLBANK | 158.83 | 160 |
| RECLTD | 491.7 | 510 |
| RELIANCE | 1219.8 | 1290 |
| SAIL | 111.6 | 115 |
| SBICARD | 673.9 | 690 |
| SBILIFE | 1482.5 | 1520 |
| SBIN | 783.65 | 800 |
| SHREECEM | 24291.4 | 24500 |
| SHRIRAMFIN | 2808.25 | 2900 |
| SIEMENS | 6690 | 6800 |
| SRF | 2158.45 | 2260 |
| SUNPHARMA | 1764.1 | 1800 |
| SUNTV | 727.25 | 730 |
| SYNGENE | 845.5 | 870 |
| TATACHEM | 1059 | 1100 |
| TATACOMM | 1714 | 1780 |
| TATACONSUM | 910.4 | 950 |
| TATAMOTORS | 778.1 | 800 |
| TATAPOWER | 410.5 | 420 |
| TATASTEEL | 140.65 | 145 |
| TCS | 4050 | 4100 |
| TECHM | 1696.5 | 1680 |
| TITAN | 3165.45 | 3200 |
| TORNTPHARM | 3095.5 | 3150 |
| TRENT | 6453.9 | 6600 |
| TVSMOTOR | 2401.1 | 2450 |
| UBL | 1821.4 | 1880 |
| ULTRACEMCO | 10940.5 | 11000 |
| UNITDSPR | 1492 | 1480 |
| UPL | 562.55 | 540 |
| VEDL | 443.05 | 460 |
| VOLTAS | 1674.7 | 1700 |
| WIPRO | 556.85 | 560 |
| ZYDUSLIFE | 940.7 | 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.
