ULTRACEMCO
Ultratech Cement Limited
Max pain for ULTRACEMCO
10 Jul 2025 04:10 PM IST
Max Pain for ULTRACEMCO is 12300
Strike 9900 has a total call value of 0 versus a total put value of 94,767,000,000 Combined total value = 94,767,000,000
Strike 10000 has a total call value of 0 versus a total put value of 89,007,000,000 Combined total value = 89,007,000,000
Strike 10100 has a total call value of 0 versus a total put value of 83,435,500,000 Combined total value = 83,435,500,000
Strike 10200 has a total call value of 0 versus a total put value of 77,898,500,000 Combined total value = 77,898,500,000
Strike 10300 has a total call value of 0 versus a total put value of 72,361,500,000 Combined total value = 72,361,500,000
Strike 10400 has a total call value of 0 versus a total put value of 66,866,500,000 Combined total value = 66,866,500,000
Strike 10500 has a total call value of 0 versus a total put value of 61,371,500,000 Combined total value = 61,371,500,000
Strike 10600 has a total call value of 0 versus a total put value of 56,072,000,000 Combined total value = 56,072,000,000
Strike 10700 has a total call value of 0 versus a total put value of 51,063,500,000 Combined total value = 51,063,500,000
Strike 10800 has a total call value of 0 versus a total put value of 46,055,000,000 Combined total value = 46,055,000,000
Strike 10900 has a total call value of 0 versus a total put value of 41,225,000,000 Combined total value = 41,225,000,000
Strike 11000 has a total call value of 0 versus a total put value of 36,446,500,000 Combined total value = 36,446,500,000
Strike 11100 has a total call value of 30,500,000 versus a total put value of 32,297,500,000 Combined total value = 32,328,000,000
Strike 11200 has a total call value of 61,000,000 versus a total put value of 28,148,500,000 Combined total value = 28,209,500,000
Strike 11300 has a total call value of 91,500,000 versus a total put value of 24,311,000,000 Combined total value = 24,402,500,000
Strike 11400 has a total call value of 122,000,000 versus a total put value of 20,631,000,000 Combined total value = 20,753,000,000
Strike 11500 has a total call value of 152,500,000 versus a total put value of 17,315,000,000 Combined total value = 17,467,500,000
Strike 11600 has a total call value of 343,000,000 versus a total put value of 14,431,500,000 Combined total value = 14,774,500,000
Strike 11700 has a total call value of 599,000,000 versus a total put value of 11,828,000,000 Combined total value = 12,427,000,000
Strike 11800 has a total call value of 855,000,000 versus a total put value of 9,505,500,000 Combined total value = 10,360,500,000
Strike 11900 has a total call value of 1,111,000,000 versus a total put value of 7,380,000,000 Combined total value = 8,491,000,000
Strike 12000 has a total call value of 1,466,000,000 versus a total put value of 5,444,500,000 Combined total value = 6,910,500,000
Strike 12100 has a total call value of 2,079,000,000 versus a total put value of 4,098,000,000 Combined total value = 6,177,000,000
Strike 12200 has a total call value of 2,834,000,000 versus a total put value of 2,869,000,000 Combined total value = 5,703,000,000
Strike 12300 has a total call value of 3,697,000,000 versus a total put value of 1,869,000,000 Combined total value = 5,566,000,000
Strike 12400 has a total call value of 4,994,000,000 versus a total put value of 1,046,000,000 Combined total value = 6,040,000,000
Strike 12500 has a total call value of 6,496,000,000 versus a total put value of 483,500,000 Combined total value = 6,979,500,000
Strike 12600 has a total call value of 8,560,500,000 versus a total put value of 204,500,000 Combined total value = 8,765,000,000
Strike 12700 has a total call value of 11,415,000,000 versus a total put value of 88,500,000 Combined total value = 11,503,500,000
Strike 12800 has a total call value of 14,609,500,000 versus a total put value of 32,000,000 Combined total value = 14,641,500,000
Strike 12900 has a total call value of 18,127,500,000 versus a total put value of 15,500,000 Combined total value = 18,143,000,000
Strike 13000 has a total call value of 21,740,500,000 versus a total put value of 0 Combined total value = 21,740,500,000
Strike 13100 has a total call value of 26,060,500,000 versus a total put value of 0 Combined total value = 26,060,500,000
Strike 13200 has a total call value of 30,584,500,000 versus a total put value of 0 Combined total value = 30,584,500,000
Strike 13300 has a total call value of 35,326,000,000 versus a total put value of 0 Combined total value = 35,326,000,000
Strike 13400 has a total call value of 40,204,500,000 versus a total put value of 0 Combined total value = 40,204,500,000
Strike 13500 has a total call value of 45,380,500,000 versus a total put value of 0 Combined total value = 45,380,500,000
Strike 13600 has a total call value of 50,666,500,000 versus a total put value of 0 Combined total value = 50,666,500,000
Strike 13700 has a total call value of 56,539,000,000 versus a total put value of 0 Combined total value = 56,539,000,000
Strike 13800 has a total call value of 62,411,500,000 versus a total put value of 0 Combined total value = 62,411,500,000
Strike 13900 has a total call value of 69,497,500,000 versus a total put value of 0 Combined total value = 69,497,500,000
Strike 14000 has a total call value of 76,583,500,000 versus a total put value of 0 Combined total value = 76,583,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1190.1 | 1200 |
| AARTIIND | 448 | 465 |
| ABB | 5893.5 | 6000 |
| ABCAPITAL | 272 | 270 |
| ABFRL | 77.8 | 75 |
| ACC | 2001.5 | 1940 |
| ADANIENSOL | 890 | 880 |
| ADANIENT | 2581 | 2620 |
| ADANIGREEN | 997.6 | 1000 |
| ADANIPORTS | 1442.6 | 1420 |
| ALKEM | 4734.9 | 4800 |
| AMBER | 7753 | 7200 |
| AMBUJACEM | 584 | 600 |
| ANGELONE | 2727.4 | 2800 |
| APLAPOLLO | 1715 | 1740 |
| APOLLOHOSP | 7353 | 7450 |
| ASHOKLEY | 249.8 | 250 |
| ASIANPAINT | 2451.2 | 2400 |
| ASTRAL | 1492.9 | 1500 |
| ATGL | 651.95 | 670 |
| AUBANK | 828.2 | 810 |
| AUROPHARMA | 1129.9 | 1140 |
| AXISBANK | 1164.3 | 1180 |
| BAJAJ-AUTO | 8285 | 8400 |
| BAJAJFINSV | 2037.3 | 2040 |
| BAJFINANCE | 947.65 | 940 |
| BALKRISIND | 2636 | 2580 |
| BANDHANBNK | 178.26 | 180 |
| BANKBARODA | 238.84 | 241.65 |
| BANKINDIA | 114.42 | 115.95 |
| BDL | 1892.8 | 1900 |
| BEL | 413.5 | 420 |
| BHARATFORG | 1224 | 1280 |
| BHARTIARTL | 1964.5 | 1980 |
| BHEL | 261.3 | 260 |
| BIOCON | 372 | 365 |
| BLUESTARCO | 1796.3 | 1800 |
| BOSCHLTD | 36280 | 34500 |
| BPCL | 350.95 | 340 |
| BRITANNIA | 5878 | 5800 |
| BSE | 2466.3 | 2600 |
| BSOFT | 427.95 | 430 |
| CAMS | 4187.9 | 4250 |
| CANBK | 112.39 | 113 |
| CDSL | 1747.2 | 1760 |
| CESC | 178.44 | 175 |
| CGPOWER | 677.35 | 670 |
| CHAMBLFERT | 550.5 | 560 |
| CHOLAFIN | 1546.8 | 1560 |
| CIPLA | 1477.2 | 1500 |
| COALINDIA | 384.05 | 395 |
| COFORGE | 1887.5 | 1880 |
| COLPAL | 2411.3 | 2440 |
| CONCOR | 627.1 | 610 |
| CROMPTON | 343.8 | 350 |
| CUMMINSIND | 3518.9 | 3400 |
| CYIENT | 1293.9 | 1300 |
| DABUR | 521.85 | 505 |
| DALBHARAT | 2171.7 | 2180 |
| DELHIVERY | 415.1 | 400 |
| DIVISLAB | 6844.5 | 6800 |
| DIXON | 15849 | 15000 |
| DLF | 831.55 | 840 |
| DMART | 4157 | 4250 |
| DRREDDY | 1262.6 | 1280 |
| EICHERMOT | 5652 | 5700 |
| ETERNAL | 262.85 | 260 |
| EXIDEIND | 388.95 | 390 |
| FEDERALBNK | 210.98 | 212.5 |
| FORTIS | 773.45 | 780 |
| GAIL | 185.67 | 190 |
| GLENMARK | 1904 | 1800 |
| GMRAIRPORT | 92.13 | 90 |
| GODREJCP | 1286.7 | 1260 |
| GODREJPROP | 2256.2 | 2300 |
| GRANULES | 473.8 | 490 |
| GRASIM | 2774.8 | 2800 |
| HAL | 4915.6 | 5000 |
| HAVELLS | 1531 | 1560 |
| HCLTECH | 1660.1 | 1700 |
| HDFCAMC | 5200 | 5100 |
| HDFCBANK | 2006.2 | 2000 |
| HDFCLIFE | 771.25 | 790 |
| HEROMOTOCO | 4315.8 | 4300 |
| HFCL | 82.15 | 85 |
| HINDALCO | 675.05 | 680 |
| HINDCOPPER | 265 | 265 |
| HINDPETRO | 441.25 | 435 |
| HINDUNILVR | 2408.4 | 2360 |
| HINDZINC | 422.8 | 450 |
| HUDCO | 231.36 | 235 |
| ICICIBANK | 1424 | 1440 |
| ICICIGI | 1994.6 | 2000 |
| ICICIPRULI | 673.05 | 660 |
| IDEA | 7.33 | 7 |
| IDFCFIRSTB | 76.63 | 75 |
| IEX | 206.47 | 200 |
| IGL | 221 | 215 |
| IIFL | 520.9 | 490 |
| INDHOTEL | 743.35 | 760 |
| INDIANB | 631.25 | 633.75 |
| INDIGO | 5841.5 | 5800 |
| INDUSINDBK | 852.85 | 850 |
| INDUSTOWER | 402.2 | 410 |
| INFY | 1615.8 | 1620 |
| INOXWIND | 178.99 | 175 |
| IOC | 152.33 | 150 |
| IRB | 48.33 | 49 |
| IRCTC | 784.2 | 790 |
| IREDA | 169.88 | 170 |
| IRFC | 137.13 | 140 |
| ITC | 416.85 | 420 |
| JINDALSTEL | 944.55 | 950 |
| JIOFIN | 331.65 | 322.5 |
| JSL | 681.8 | 690 |
| JSWENERGY | 530.55 | 510 |
| JSWSTEEL | 1043.3 | 1030 |
| JUBLFOOD | 685.2 | 700 |
| KALYANKJIL | 585.2 | 570 |
| KAYNES | 6164.5 | 6000 |
| KEI | 3696.6 | 3800 |
| KFINTECH | 1291.9 | 1300 |
| KOTAKBANK | 2203.8 | 2200 |
| KPITTECH | 1253.2 | 1260 |
| LAURUSLABS | 793.5 | 760 |
| LICHSGFIN | 605.5 | 610 |
| LICI | 926.55 | 940 |
| LODHA | 1411.8 | 1400 |
| LT | 3574.7 | 3600 |
| LTF | 206.99 | 202.5 |
| LTIM | 5307.5 | 5350 |
| LUPIN | 1894.8 | 1940 |
| M&M | 3162.4 | 3200 |
| M&MFIN | 267.25 | 270 |
| MANAPPURAM | 265.5 | 270 |
| MANKIND | 2544 | 2450 |
| MARICO | 727 | 730 |
| MARUTI | 12650 | 12600 |
| MAXHEALTH | 1251.6 | 1260 |
| MAZDOCK | 3263 | 3300 |
| MCX | 8330 | 8500 |
| MFSL | 1582.8 | 1600 |
| MGL | 1482.2 | 1500 |
| MOTHERSON | 153.53 | 155 |
| MPHASIS | 2861.1 | 2823 |
| MUTHOOTFIN | 2644.8 | 2600 |
| NATIONALUM | 189 | 190 |
| NAUKRI | 1420.1 | 1460 |
| NBCC | 113.97 | 120 |
| NCC | 223.5 | 225 |
| NESTLEIND | 2400.1 | 2420 |
| NHPC | 87.52 | 86 |
| NMDC | 68.69 | 70 |
| NTPC | 341.45 | 340 |
| NYKAA | 216.52 | 207.5 |
| OBEROIRLTY | 1843.1 | 1900 |
| OFSS | 8777 | 9000 |
| OIL | 437.5 | 450 |
| ONGC | 243.09 | 242.5 |
| PAGEIND | 48115 | 48000 |
| PATANJALI | 1663.6 | 1660 |
| PAYTM | 940.55 | 920 |
| PEL | 1163 | 1160 |
| PERSISTENT | 5680.5 | 5800 |
| PETRONET | 305.6 | 310 |
| PFC | 429 | 420 |
| PGEL | 774 | 760 |
| PHOENIXLTD | 1509.6 | 1540 |
| PIDILITIND | 3060 | 3060 |
| PIIND | 4043.7 | 4100 |
| PNB | 109.76 | 110 |
| PNBHOUSING | 1084.3 | 1100 |
| POLICYBZR | 1832.1 | 1840 |
| POLYCAB | 6800 | 6600 |
| POONAWALLA | 467.3 | 460 |
| POWERGRID | 298.95 | 300 |
| PPLPHARMA | 200.64 | 200 |
| PRESTIGE | 1696.5 | 1680 |
| RBLBANK | 255.5 | 245 |
| RECLTD | 397.55 | 400 |
| RELIANCE | 1517.2 | 1510 |
| RVNL | 384.85 | 400 |
| SAIL | 134.9 | 135 |
| SBICARD | 935.2 | 940 |
| SBILIFE | 1810 | 1820 |
| SBIN | 808 | 810 |
| SHREECEM | 31200 | 31000 |
| SHRIRAMFIN | 671.75 | 680 |
| SIEMENS | 3191.6 | 3250 |
| SJVN | 97.61 | 100 |
| SOLARINDS | 15960 | 16500 |
| SONACOMS | 454.65 | 460 |
| SRF | 3259.6 | 3200 |
| SUNPHARMA | 1662.5 | 1680 |
| SUPREMEIND | 4149.2 | 4300 |
| SYNGENE | 634.3 | 650 |
| TATACHEM | 925.25 | 940 |
| TATACOMM | 1753.4 | 1760 |
| TATACONSUM | 1088.9 | 1100 |
| TATAELXSI | 6136 | 6100 |
| TATAMOTORS | 695.6 | 700 |
| TATAPOWER | 399.9 | 405 |
| TATASTEEL | 160.63 | 161.4 |
| TATATECH | 708.75 | 720 |
| TCS | 3382 | 3400 |
| TECHM | 1600.1 | 1640 |
| TIINDIA | 2899.5 | 3000 |
| TITAGARH | 949.8 | 940 |
| TITAN | 3419.8 | 3500 |
| TORNTPHARM | 3339.4 | 3350 |
| TORNTPOWER | 1426.7 | 1460 |
| TRENT | 5431 | 5600 |
| TVSMOTOR | 2830.1 | 2860 |
| ULTRACEMCO | 12516 | 12300 |
| UNIONBANK | 143.86 | 145 |
| UNITDSPR | 1384 | 1420 |
| UNOMINDA | 1098.6 | 1100 |
| UPL | 661.65 | 640 |
| VBL | 459.75 | 460 |
| VEDL | 439.2 | 450 |
| VOLTAS | 1368.9 | 1340 |
| WIPRO | 265.05 | 265 |
| YESBANK | 19.81 | 20 |
| ZYDUSLIFE | 972.95 | 990 |
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.
