ULTRACEMCO
Ultratech Cement Limited
Max pain for ULTRACEMCO
19 Mar 2025 04:11 PM IST
Max Pain for ULTRACEMCO is 10500
Strike 8400 has a total call value of 0 versus a total put value of 141,640,000,000 Combined total value = 141,640,000,000
Strike 8500 has a total call value of 0 versus a total put value of 133,496,000,000 Combined total value = 133,496,000,000
Strike 8600 has a total call value of 0 versus a total put value of 125,352,000,000 Combined total value = 125,352,000,000
Strike 8700 has a total call value of 0 versus a total put value of 117,208,000,000 Combined total value = 117,208,000,000
Strike 8800 has a total call value of 0 versus a total put value of 109,064,000,000 Combined total value = 109,064,000,000
Strike 8900 has a total call value of 0 versus a total put value of 101,494,500,000 Combined total value = 101,494,500,000
Strike 9000 has a total call value of 0 versus a total put value of 94,097,500,000 Combined total value = 94,097,500,000
Strike 9100 has a total call value of 0 versus a total put value of 87,145,000,000 Combined total value = 87,145,000,000
Strike 9200 has a total call value of 0 versus a total put value of 80,192,500,000 Combined total value = 80,192,500,000
Strike 9300 has a total call value of 0 versus a total put value of 73,427,000,000 Combined total value = 73,427,000,000
Strike 9400 has a total call value of 0 versus a total put value of 66,738,000,000 Combined total value = 66,738,000,000
Strike 9500 has a total call value of 0 versus a total put value of 60,130,500,000 Combined total value = 60,130,500,000
Strike 9600 has a total call value of 0 versus a total put value of 53,720,500,000 Combined total value = 53,720,500,000
Strike 9700 has a total call value of 0 versus a total put value of 47,508,500,000 Combined total value = 47,508,500,000
Strike 9800 has a total call value of 0 versus a total put value of 41,519,000,000 Combined total value = 41,519,000,000
Strike 9900 has a total call value of 0 versus a total put value of 35,650,500,000 Combined total value = 35,650,500,000
Strike 10000 has a total call value of 0 versus a total put value of 29,890,000,000 Combined total value = 29,890,000,000
Strike 10100 has a total call value of 177,000,000 versus a total put value of 24,616,500,000 Combined total value = 24,793,500,000
Strike 10200 has a total call value of 354,000,000 versus a total put value of 19,587,500,000 Combined total value = 19,941,500,000
Strike 10300 has a total call value of 685,500,000 versus a total put value of 15,221,000,000 Combined total value = 15,906,500,000
Strike 10400 has a total call value of 1,155,000,000 versus a total put value of 11,478,500,000 Combined total value = 12,633,500,000
Strike 10500 has a total call value of 3,033,500,000 versus a total put value of 8,562,000,000 Combined total value = 11,595,500,000
Strike 10600 has a total call value of 5,626,000,000 versus a total put value of 6,469,500,000 Combined total value = 12,095,500,000
Strike 10700 has a total call value of 8,767,000,000 versus a total put value of 4,735,000,000 Combined total value = 13,502,000,000
Strike 10800 has a total call value of 12,365,000,000 versus a total put value of 3,329,500,000 Combined total value = 15,694,500,000
Strike 10900 has a total call value of 16,548,000,000 versus a total put value of 2,215,000,000 Combined total value = 18,763,000,000
Strike 11000 has a total call value of 21,189,000,000 versus a total put value of 1,370,000,000 Combined total value = 22,559,000,000
Strike 11100 has a total call value of 26,896,500,000 versus a total put value of 1,085,500,000 Combined total value = 27,982,000,000
Strike 11200 has a total call value of 32,916,500,000 versus a total put value of 840,000,000 Combined total value = 33,756,500,000
Strike 11300 has a total call value of 39,382,000,000 versus a total put value of 609,500,000 Combined total value = 39,991,500,000
Strike 11400 has a total call value of 46,077,000,000 versus a total put value of 483,500,000 Combined total value = 46,560,500,000
Strike 11500 has a total call value of 53,002,000,000 versus a total put value of 362,500,000 Combined total value = 53,364,500,000
Strike 11600 has a total call value of 60,982,500,000 versus a total put value of 290,000,000 Combined total value = 61,272,500,000
Strike 11700 has a total call value of 69,128,500,000 versus a total put value of 217,500,000 Combined total value = 69,346,000,000
Strike 11800 has a total call value of 77,734,000,000 versus a total put value of 145,000,000 Combined total value = 77,879,000,000
Strike 11900 has a total call value of 86,833,000,000 versus a total put value of 72,500,000 Combined total value = 86,905,500,000
Strike 12000 has a total call value of 96,341,500,000 versus a total put value of 0 Combined total value = 96,341,500,000
Strike 12100 has a total call value of 106,697,000,000 versus a total put value of 0 Combined total value = 106,697,000,000
Strike 12200 has a total call value of 117,108,500,000 versus a total put value of 0 Combined total value = 117,108,500,000
Strike 12300 has a total call value of 127,570,000,000 versus a total put value of 0 Combined total value = 127,570,000,000
Strike 12400 has a total call value of 138,188,500,000 versus a total put value of 0 Combined total value = 138,188,500,000
Strike 12500 has a total call value of 148,807,000,000 versus a total put value of 0 Combined total value = 148,807,000,000
Strike 12600 has a total call value of 159,438,000,000 versus a total put value of 0 Combined total value = 159,438,000,000
Strike 12700 has a total call value of 170,069,000,000 versus a total put value of 0 Combined total value = 170,069,000,000
Strike 12800 has a total call value of 180,700,000,000 versus a total put value of 0 Combined total value = 180,700,000,000
Strike 12900 has a total call value of 191,331,000,000 versus a total put value of 0 Combined total value = 191,331,000,000
Strike 13000 has a total call value of 201,962,000,000 versus a total put value of 0 Combined total value = 201,962,000,000
Strike 13100 has a total call value of 212,593,000,000 versus a total put value of 0 Combined total value = 212,593,000,000
Strike 13200 has a total call value of 223,224,000,000 versus a total put value of 0 Combined total value = 223,224,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 399.35 | 400 |
| ABB | 5475.6 | 5300 |
| ABCAPITAL | 170.79 | 167.5 |
| ABFRL | 251.25 | 250 |
| ACC | 1900 | 1880 |
| ADANIENSOL | 813.9 | 760 |
| ADANIENT | 2318.65 | 2400 |
| ADANIGREEN | 911.2 | 860 |
| ADANIPORTS | 1173.5 | 1140 |
| ALKEM | 4851.8 | 4700 |
| AMBUJACEM | 507.05 | 505 |
| ANGELONE | 2215.35 | 2100 |
| APLAPOLLO | 1492.8 | 1440 |
| APOLLOHOSP | 6427.55 | 6300 |
| APOLLOTYRE | 425.05 | 420 |
| ASHOKLEY | 205.69 | 207.5 |
| ASIANPAINT | 2280.7 | 2260 |
| ASTRAL | 1261 | 1280 |
| ATGL | 622.6 | 600 |
| AUBANK | 525.8 | 515 |
| AUROPHARMA | 1163.8 | 1140 |
| AXISBANK | 1052.05 | 1040 |
| BAJAJ-AUTO | 7721.85 | 7700 |
| BAJAJFINSV | 1842.25 | 1840 |
| BAJFINANCE | 8731.6 | 8600 |
| BALKRISIND | 2619.7 | 2560 |
| BANDHANBNK | 141.27 | 145 |
| BANKBARODA | 213.76 | 212.5 |
| BANKINDIA | 103.21 | 100 |
| BEL | 290 | 280 |
| BERGEPAINT | 501.4 | 500 |
| BHARATFORG | 1136 | 1060 |
| BHARTIARTL | 1637.15 | 1640 |
| BHEL | 205.69 | 200 |
| BIOCON | 341.9 | 330 |
| BOSCHLTD | 27557.3 | 27000 |
| BPCL | 265.26 | 260 |
| BRITANNIA | 4707.1 | 4750 |
| BSE | 4392.45 | 4400 |
| BSOFT | 395.1 | 400 |
| CAMS | 3815.95 | 3600 |
| CANBK | 85.57 | 85 |
| CDSL | 1173.25 | 1120 |
| CESC | 147.62 | 140 |
| CGPOWER | 663.3 | 620 |
| CHAMBLFERT | 586.95 | 570 |
| CHOLAFIN | 1513.25 | 1440 |
| CIPLA | 1499.15 | 1480 |
| COALINDIA | 395.85 | 390 |
| COFORGE | 7550.45 | 7500 |
| COLPAL | 2413.85 | 2480 |
| CONCOR | 684.2 | 680 |
| CROMPTON | 360.45 | 350 |
| CUMMINSIND | 3002.2 | 2900 |
| CYIENT | 1253.75 | 1220 |
| DABUR | 495.45 | 500 |
| DALBHARAT | 1726.25 | 1700 |
| DEEPAKNTR | 2025.4 | 1950 |
| DELHIVERY | 260.96 | 255 |
| DIVISLAB | 5818.1 | 5700 |
| DIXON | 13875.6 | 13500 |
| DLF | 697.55 | 680 |
| DMART | 3845.2 | 3750 |
| DRREDDY | 1172.1 | 1140 |
| EICHERMOT | 5100.9 | 5000 |
| ESCORTS | 3188.85 | 3100 |
| EXIDEIND | 350.15 | 355 |
| FEDERALBNK | 186.19 | 182.5 |
| GAIL | 165.96 | 165 |
| GLENMARK | 1486.7 | 1420 |
| GMRAIRPORT | 76.68 | 74 |
| GODREJCP | 1074.3 | 1050 |
| GODREJPROP | 2104.6 | 2050 |
| GRANULES | 496.25 | 490 |
| GRASIM | 2458.2 | 2400 |
| HAL | 3740.65 | 3550 |
| HAVELLS | 1557.95 | 1500 |
| HCLTECH | 1544.45 | 1580 |
| HDFCAMC | 3975.75 | 3850 |
| HDFCBANK | 1744.1 | 1740 |
| HDFCLIFE | 664.55 | 630 |
| HEROMOTOCO | 3537 | 3600 |
| HFCL | 82.01 | 82.5 |
| HINDALCO | 698.55 | 670 |
| HINDCOPPER | 222.89 | 225 |
| HINDPETRO | 328 | 325 |
| HINDUNILVR | 2200.05 | 2240 |
| HUDCO | 201.08 | 190 |
| ICICIBANK | 1313.1 | 1280 |
| ICICIGI | 1756.5 | 1720 |
| ICICIPRULI | 563 | 560 |
| IDEA | 7.44 | 8 |
| IDFCFIRSTB | 55.42 | 57 |
| IEX | 167.96 | 165 |
| IGL | 193.29 | 190 |
| IIFL | 330.55 | 320 |
| INDHOTEL | 810.6 | 780 |
| INDIANB | 525.25 | 510 |
| INDIGO | 4980.55 | 4750 |
| INDUSINDBK | 692.7 | 750 |
| INDUSTOWER | 339.3 | 340 |
| INFY | 1586.55 | 1600 |
| IOC | 127.75 | 125 |
| IRB | 45.5 | 45 |
| IRCTC | 717.65 | 710 |
| IREDA | 151.87 | 142.5 |
| IRFC | 128.11 | 122.5 |
| ITC | 403.05 | 405 |
| JINDALSTEL | 925 | 900 |
| JIOFIN | 228.84 | 225 |
| JKCEMENT | 4639.65 | 4500 |
| JSL | 655.35 | 650 |
| JSWENERGY | 570.75 | 530 |
| JSWSTEEL | 1033.35 | 1010 |
| JUBLFOOD | 637.4 | 630 |
| KALYANKJIL | 453.55 | 440 |
| KEI | 3283.25 | 3200 |
| KOTAKBANK | 2021.55 | 2000 |
| KPITTECH | 1263.1 | 1260 |
| LAURUSLABS | 606.1 | 580 |
| LICHSGFIN | 549.8 | 530 |
| LICI | 776.75 | 770 |
| LODHA | 1177.45 | 1140 |
| LT | 3319.55 | 3300 |
| LTF | 146.3 | 145 |
| LTIM | 4365.45 | 4500 |
| LTTS | 4647.2 | 4600 |
| LUPIN | 2060.95 | 2000 |
| M&M | 2789.1 | 2750 |
| M&MFIN | 287.15 | 280 |
| MANAPPURAM | 213.92 | 200 |
| MARICO | 619.1 | 610 |
| MARUTI | 11615.55 | 11700 |
| MAXHEALTH | 1087.45 | 1060 |
| MCX | 5207.85 | 5100 |
| MFSL | 1102.2 | 1060 |
| MGL | 1332.5 | 1300 |
| MOTHERSON | 129.01 | 127.5 |
| MPHASIS | 2285.85 | 2300 |
| MRF | 109922.8 | 107000 |
| MUTHOOTFIN | 2416.45 | 2340 |
| NATIONALUM | 186.38 | 190 |
| NAUKRI | 6749.4 | 6700 |
| NBCC | 83.33 | 80 |
| NCC | 196.73 | 190 |
| NESTLEIND | 2184 | 2200 |
| NHPC | 80.2 | 78 |
| NMDC | 68.78 | 67 |
| NTPC | 341.3 | 335 |
| NYKAA | 164.84 | 165 |
| OBEROIRLTY | 1614.25 | 1560 |
| OFSS | 7674.85 | 7500 |
| OIL | 385.85 | 370 |
| ONGC | 232.57 | 230 |
| PAGEIND | 41252.45 | 40500 |
| PATANJALI | 1748 | 1720 |
| PAYTM | 763.1 | 720 |
| PEL | 962.35 | 940 |
| PERSISTENT | 5280.6 | 5300 |
| PETRONET | 297.5 | 290 |
| PFC | 403.9 | 400 |
| PHOENIXLTD | 1555.65 | 1600 |
| PIDILITIND | 2731.85 | 2740 |
| PIIND | 3404.95 | 3250 |
| PNB | 91.02 | 90 |
| POLICYBZR | 1555.75 | 1450 |
| POLYCAB | 5438.4 | 5100 |
| POONAWALLA | 323.6 | 300 |
| POWERGRID | 277.2 | 270 |
| PRESTIGE | 1200.75 | 1150 |
| RAMCOCEM | 855.95 | 830 |
| RBLBANK | 167.23 | 162.5 |
| RECLTD | 429.5 | 410 |
| RELIANCE | 1247.15 | 1240 |
| SAIL | 113.23 | 110 |
| SBICARD | 846.5 | 840 |
| SBILIFE | 1484.9 | 1440 |
| SBIN | 745.1 | 740 |
| SHREECEM | 28527.85 | 28000 |
| SHRIRAMFIN | 667.95 | 640 |
| SIEMENS | 5224.5 | 5000 |
| SJVN | 91.71 | 87.5 |
| SOLARINDS | 10310.8 | 10000 |
| SONACOMS | 507.95 | 500 |
| SRF | 3005.35 | 2900 |
| SUNPHARMA | 1732.35 | 1680 |
| SUPREMEIND | 3429.8 | 3500 |
| SYNGENE | 706.05 | 690 |
| TATACHEM | 833.1 | 840 |
| TATACOMM | 1561.1 | 1500 |
| TATACONSUM | 949.85 | 950 |
| TATAELXSI | 5366.3 | 5300 |
| TATAMOTORS | 682.25 | 670 |
| TATAPOWER | 371.45 | 370 |
| TATASTEEL | 158.6 | 151 |
| TATATECH | 671.3 | 650 |
| TCS | 3497.1 | 3550 |
| TECHM | 1396.15 | 1440 |
| TIINDIA | 2859.4 | 2800 |
| TITAGARH | 752.6 | 720 |
| TITAN | 3076.3 | 3100 |
| TORNTPHARM | 3191.3 | 3100 |
| TORNTPOWER | 1440.5 | 1340 |
| TRENT | 5230.85 | 5100 |
| TVSMOTOR | 2319.75 | 2300 |
| ULTRACEMCO | 10933.25 | 10500 |
| UNIONBANK | 119.68 | 117 |
| UNITDSPR | 1347.3 | 1300 |
| UPL | 646.3 | 630 |
| USDINR | 86.44 | 77.25 |
| VBL | 540.9 | 510 |
| VEDL | 460.55 | 440 |
| VOLTAS | 1495.2 | 1440 |
| WIPRO | 265.7 | 270 |
| YESBANK | 17.03 | 17 |
| ZOMATO | 223.53 | 220 |
| ZYDUSLIFE | 909.9 | 900 |
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.
