ULTRACEMCO
Ultratech Cement Limited
Max pain for ULTRACEMCO
13 Mar 2025 04:11 PM IST
Max Pain for ULTRACEMCO is 10400
Strike 8400 has a total call value of 0 versus a total put value of 117,570,500,000 Combined total value = 117,570,500,000
Strike 8500 has a total call value of 0 versus a total put value of 110,198,000,000 Combined total value = 110,198,000,000
Strike 8600 has a total call value of 0 versus a total put value of 102,825,500,000 Combined total value = 102,825,500,000
Strike 8700 has a total call value of 0 versus a total put value of 95,453,000,000 Combined total value = 95,453,000,000
Strike 8800 has a total call value of 0 versus a total put value of 88,080,500,000 Combined total value = 88,080,500,000
Strike 8900 has a total call value of 0 versus a total put value of 81,304,500,000 Combined total value = 81,304,500,000
Strike 9000 has a total call value of 0 versus a total put value of 74,701,000,000 Combined total value = 74,701,000,000
Strike 9100 has a total call value of 0 versus a total put value of 68,553,000,000 Combined total value = 68,553,000,000
Strike 9200 has a total call value of 0 versus a total put value of 62,491,000,000 Combined total value = 62,491,000,000
Strike 9300 has a total call value of 0 versus a total put value of 56,620,000,000 Combined total value = 56,620,000,000
Strike 9400 has a total call value of 0 versus a total put value of 50,826,500,000 Combined total value = 50,826,500,000
Strike 9500 has a total call value of 0 versus a total put value of 45,110,000,000 Combined total value = 45,110,000,000
Strike 9600 has a total call value of 0 versus a total put value of 39,611,000,000 Combined total value = 39,611,000,000
Strike 9700 has a total call value of 0 versus a total put value of 34,309,000,000 Combined total value = 34,309,000,000
Strike 9800 has a total call value of 0 versus a total put value of 29,252,500,000 Combined total value = 29,252,500,000
Strike 9900 has a total call value of 2,500,000 versus a total put value of 24,403,500,000 Combined total value = 24,406,000,000
Strike 10000 has a total call value of 5,000,000 versus a total put value of 19,729,500,000 Combined total value = 19,734,500,000
Strike 10100 has a total call value of 183,500,000 versus a total put value of 15,832,000,000 Combined total value = 16,015,500,000
Strike 10200 has a total call value of 362,000,000 versus a total put value of 12,141,000,000 Combined total value = 12,503,000,000
Strike 10300 has a total call value of 700,000,000 versus a total put value of 9,102,000,000 Combined total value = 9,802,000,000
Strike 10400 has a total call value of 1,244,500,000 versus a total put value of 6,644,500,000 Combined total value = 7,889,000,000
Strike 10500 has a total call value of 3,234,500,000 versus a total put value of 4,922,000,000 Combined total value = 8,156,500,000
Strike 10600 has a total call value of 6,302,000,000 versus a total put value of 3,865,500,000 Combined total value = 10,167,500,000
Strike 10700 has a total call value of 9,978,500,000 versus a total put value of 3,027,500,000 Combined total value = 13,006,000,000
Strike 10800 has a total call value of 14,163,000,000 versus a total put value of 2,271,000,000 Combined total value = 16,434,000,000
Strike 10900 has a total call value of 18,890,500,000 versus a total put value of 1,625,000,000 Combined total value = 20,515,500,000
Strike 11000 has a total call value of 24,038,000,000 versus a total put value of 979,000,000 Combined total value = 25,017,000,000
Strike 11100 has a total call value of 30,817,500,000 versus a total put value of 819,500,000 Combined total value = 31,637,000,000
Strike 11200 has a total call value of 37,947,500,000 versus a total put value of 660,000,000 Combined total value = 38,607,500,000
Strike 11300 has a total call value of 45,626,500,000 versus a total put value of 500,500,000 Combined total value = 46,127,000,000
Strike 11400 has a total call value of 53,668,000,000 versus a total put value of 429,000,000 Combined total value = 54,097,000,000
Strike 11500 has a total call value of 62,018,500,000 versus a total put value of 357,500,000 Combined total value = 62,376,000,000
Strike 11600 has a total call value of 71,839,000,000 versus a total put value of 286,000,000 Combined total value = 72,125,000,000
Strike 11700 has a total call value of 81,787,500,000 versus a total put value of 214,500,000 Combined total value = 82,002,000,000
Strike 11800 has a total call value of 92,141,500,000 versus a total put value of 143,000,000 Combined total value = 92,284,500,000
Strike 11900 has a total call value of 102,982,000,000 versus a total put value of 71,500,000 Combined total value = 103,053,500,000
Strike 12000 has a total call value of 114,231,500,000 versus a total put value of 0 Combined total value = 114,231,500,000
Strike 12100 has a total call value of 126,417,000,000 versus a total put value of 0 Combined total value = 126,417,000,000
Strike 12200 has a total call value of 138,659,500,000 versus a total put value of 0 Combined total value = 138,659,500,000
Strike 12300 has a total call value of 150,971,000,000 versus a total put value of 0 Combined total value = 150,971,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 382.75 | 400 |
| ABB | 5118.55 | 5200 |
| ABCAPITAL | 162.19 | 162.5 |
| ABFRL | 240.05 | 250 |
| ACC | 1854 | 1860 |
| ADANIENSOL | 783.2 | 760 |
| ADANIENT | 2221.1 | 2380 |
| ADANIGREEN | 873.65 | 840 |
| ADANIPORTS | 1119.2 | 1120 |
| ALKEM | 4706.95 | 4700 |
| AMBUJACEM | 485.8 | 485 |
| ANGELONE | 1953.5 | 2000 |
| APLAPOLLO | 1372.8 | 1400 |
| APOLLOHOSP | 6105.65 | 6150 |
| APOLLOTYRE | 400.95 | 400 |
| ASHOKLEY | 196.63 | 205 |
| ASIANPAINT | 2231.3 | 2260 |
| ASTRAL | 1238.3 | 1300 |
| ATGL | 604.35 | 580 |
| AUBANK | 502.85 | 530 |
| AUROPHARMA | 1094.75 | 1100 |
| AXISBANK | 1010.2 | 1020 |
| BAJAJ-AUTO | 7504.7 | 7600 |
| BAJAJFINSV | 1807.45 | 1820 |
| BAJFINANCE | 8420.45 | 8400 |
| BALKRISIND | 2499.05 | 2520 |
| BANDHANBNK | 139.84 | 145 |
| BANKBARODA | 205.52 | 210 |
| BANKINDIA | 94.12 | 96 |
| BEL | 280.07 | 275 |
| BERGEPAINT | 488.2 | 490 |
| BHARATFORG | 1039.25 | 1040 |
| BHARTIARTL | 1632.5 | 1640 |
| BHEL | 193.33 | 200 |
| BIOCON | 323.05 | 320 |
| BOSCHLTD | 26378.35 | 27000 |
| BPCL | 264.41 | 260 |
| BRITANNIA | 4728.25 | 4750 |
| BSE | 3926.25 | 4300 |
| BSOFT | 385.75 | 400 |
| CAMS | 3410.1 | 3400 |
| CANBK | 82.9 | 85 |
| CDSL | 1071 | 1100 |
| CESC | 138.67 | 135 |
| CGPOWER | 599.1 | 600 |
| CHAMBLFERT | 556.55 | 560 |
| CHOLAFIN | 1444.7 | 1420 |
| CIPLA | 1461.9 | 1440 |
| COALINDIA | 378.3 | 380 |
| COFORGE | 7292.25 | 7500 |
| COLPAL | 2411.7 | 2480 |
| CONCOR | 640.25 | 670 |
| CROMPTON | 344.25 | 350 |
| CUMMINSIND | 2835.25 | 2850 |
| CYIENT | 1192.35 | 1240 |
| DABUR | 500.95 | 500 |
| DALBHARAT | 1607.1 | 1680 |
| DEEPAKNTR | 1948.6 | 1900 |
| DELHIVERY | 241.76 | 250 |
| DIVISLAB | 5620.45 | 5650 |
| DIXON | 13324.05 | 13500 |
| DLF | 658.1 | 660 |
| DMART | 3797.1 | 3750 |
| DRREDDY | 1107.95 | 1120 |
| EICHERMOT | 5015.25 | 5000 |
| ESCORTS | 2908.5 | 3000 |
| EXIDEIND | 333 | 350 |
| FEDERALBNK | 176.6 | 180 |
| GAIL | 157.96 | 160 |
| GLENMARK | 1405.15 | 1380 |
| GMRAIRPORT | 74.33 | 72 |
| GODREJCP | 1025.8 | 1030 |
| GODREJPROP | 1969.1 | 2000 |
| GRANULES | 470.65 | 490 |
| GRASIM | 2370.2 | 2400 |
| HAL | 3396.15 | 3450 |
| HAVELLS | 1458.65 | 1460 |
| HCLTECH | 1534.75 | 1560 |
| HDFCAMC | 3725.1 | 3750 |
| HDFCBANK | 1706.6 | 1720 |
| HDFCLIFE | 622.4 | 620 |
| HEROMOTOCO | 3529.15 | 3650 |
| HFCL | 77.55 | 82.5 |
| HINDALCO | 677.35 | 660 |
| HINDCOPPER | 215.8 | 225 |
| HINDPETRO | 323.7 | 325 |
| HINDUNILVR | 2174.8 | 2220 |
| HUDCO | 180.76 | 180 |
| ICICIBANK | 1250.05 | 1250 |
| ICICIGI | 1678.75 | 1680 |
| ICICIPRULI | 536.6 | 550 |
| IDEA | 6.95 | 8 |
| IDFCFIRSTB | 53.48 | 57 |
| IEX | 153.56 | 160 |
| IGL | 184.88 | 190 |
| IIFL | 313.25 | 310 |
| INDHOTEL | 750.45 | 750 |
| INDIANB | 490.4 | 500 |
| INDIGO | 4700.85 | 4600 |
| INDUSINDBK | 672.35 | 750 |
| INDUSTOWER | 327 | 330 |
| INFY | 1579.85 | 1600 |
| IOC | 125.67 | 125 |
| IRB | 42.8 | 45 |
| IRCTC | 689.05 | 700 |
| IREDA | 139.85 | 140 |
| IRFC | 117.69 | 117.5 |
| ITC | 412.05 | 410 |
| JINDALSTEL | 889.7 | 900 |
| JIOFIN | 222.6 | 220 |
| JKCEMENT | 4271.3 | 4400 |
| JSL | 632.3 | 640 |
| JSWENERGY | 514.1 | 500 |
| JSWSTEEL | 1001.2 | 1000 |
| JUBLFOOD | 596.35 | 610 |
| KALYANKJIL | 430.9 | 420 |
| KEI | 3053.95 | 3000 |
| KOTAKBANK | 1985.1 | 1960 |
| KPITTECH | 1206.45 | 1260 |
| LAURUSLABS | 574.05 | 560 |
| LICHSGFIN | 515.6 | 520 |
| LICI | 740.15 | 760 |
| LODHA | 1055.25 | 1100 |
| LT | 3187.3 | 3250 |
| LTF | 138.64 | 140 |
| LTIM | 4467.05 | 4700 |
| LTTS | 4378.2 | 4500 |
| LUPIN | 1968.45 | 1980 |
| M&M | 2643.5 | 2700 |
| M&MFIN | 271.35 | 275 |
| MANAPPURAM | 208.14 | 200 |
| MARICO | 606.3 | 610 |
| MARUTI | 11513.8 | 11700 |
| MAXHEALTH | 990.7 | 1000 |
| MCX | 4808.45 | 4900 |
| MFSL | 1052.55 | 1040 |
| MGL | 1285.95 | 1300 |
| MOTHERSON | 121.76 | 125 |
| MPHASIS | 2205.15 | 2250 |
| MRF | 105041.6 | 105000 |
| MUTHOOTFIN | 2196.35 | 2180 |
| NATIONALUM | 187.87 | 190 |
| NAUKRI | 6382.55 | 6700 |
| NBCC | 77.89 | 80 |
| NCC | 185.86 | 185 |
| NESTLEIND | 2191.95 | 2220 |
| NHPC | 77.57 | 77 |
| NMDC | 63.8 | 65 |
| NTPC | 331.9 | 325 |
| NYKAA | 164.56 | 165 |
| OBEROIRLTY | 1533.5 | 1560 |
| OFSS | 7328 | 7500 |
| OIL | 375.5 | 370 |
| ONGC | 225.43 | 227.5 |
| PAGEIND | 40099.25 | 40000 |
| PATANJALI | 1718.6 | 1700 |
| PAYTM | 682.85 | 700 |
| PEL | 885.95 | 920 |
| PERSISTENT | 5125.75 | 5200 |
| PETRONET | 281 | 290 |
| PFC | 388.35 | 390 |
| PHOENIXLTD | 1564.5 | 1600 |
| PIDILITIND | 2729.9 | 2740 |
| PIIND | 3297.3 | 3200 |
| PNB | 87.2 | 90 |
| POLICYBZR | 1331.9 | 1400 |
| POLYCAB | 5003.1 | 5000 |
| POONAWALLA | 281.35 | 280 |
| POWERGRID | 267.65 | 265 |
| PRESTIGE | 1129.6 | 1150 |
| RAMCOCEM | 801.55 | 820 |
| RBLBANK | 156.32 | 160 |
| RECLTD | 406.65 | 400 |
| RELIANCE | 1247.9 | 1240 |
| SAIL | 105.89 | 110 |
| SBICARD | 829.85 | 840 |
| SBILIFE | 1385.55 | 1420 |
| SBIN | 727.85 | 730 |
| SHREECEM | 27495.15 | 27750 |
| SHRIRAMFIN | 619.55 | 620 |
| SIEMENS | 4927.9 | 5000 |
| SJVN | 85.42 | 85 |
| SOLARINDS | 10097.15 | 9800 |
| SONACOMS | 485.8 | 500 |
| SRF | 2951.8 | 2860 |
| SUNPHARMA | 1683.45 | 1640 |
| SUPREMEIND | 3343.75 | 3400 |
| SYNGENE | 666.2 | 680 |
| TATACHEM | 796.1 | 820 |
| TATACOMM | 1503.95 | 1460 |
| TATACONSUM | 946.1 | 960 |
| TATAELXSI | 5236.75 | 5400 |
| TATAMOTORS | 655.5 | 650 |
| TATAPOWER | 350.75 | 360 |
| TATASTEEL | 150.88 | 150 |
| TATATECH | 636.8 | 650 |
| TCS | 3511.05 | 3600 |
| TECHM | 1440.65 | 1480 |
| TIINDIA | 2926.55 | 2800 |
| TITAGARH | 694.3 | 700 |
| TITAN | 3010.15 | 3100 |
| TORNTPHARM | 3056.05 | 3000 |
| TORNTPOWER | 1291.2 | 1340 |
| TRENT | 5022.4 | 5000 |
| TVSMOTOR | 2250.9 | 2300 |
| ULTRACEMCO | 10452.1 | 10400 |
| UNIONBANK | 113.7 | 115 |
| UNITDSPR | 1353.7 | 1300 |
| UPL | 601.45 | 620 |
| USDINR | 87.09 | 77.25 |
| VBL | 488.15 | 480 |
| VEDL | 442.95 | 440 |
| VOLTAS | 1402.55 | 1380 |
| WIPRO | 264 | 270 |
| YESBANK | 16.19 | 17 |
| ZOMATO | 201.43 | 210 |
| ZYDUSLIFE | 883.1 | 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.
