UNIONBANK
Union Bank Of India
Max pain for UNIONBANK
14 Jan 2025 02:24 PM IST
Max Pain for UNIONBANK is 110
Strike 90 has a total call value of 0 versus a total put value of 36,658,912,500 Combined total value = 36,658,912,500
Strike 91 has a total call value of 0 versus a total put value of 34,570,755,000 Combined total value = 34,570,755,000
Strike 92 has a total call value of 0 versus a total put value of 32,482,597,500 Combined total value = 32,482,597,500
Strike 93 has a total call value of 0 versus a total put value of 30,418,335,000 Combined total value = 30,418,335,000
Strike 94 has a total call value of 0 versus a total put value of 28,354,072,500 Combined total value = 28,354,072,500
Strike 95 has a total call value of 0 versus a total put value of 26,311,050,000 Combined total value = 26,311,050,000
Strike 96 has a total call value of 0 versus a total put value of 24,307,410,000 Combined total value = 24,307,410,000
Strike 97 has a total call value of 0 versus a total put value of 22,387,845,000 Combined total value = 22,387,845,000
Strike 98 has a total call value of 1,770,000 versus a total put value of 20,486,422,500 Combined total value = 20,488,192,500
Strike 99 has a total call value of 3,540,000 versus a total put value of 18,688,987,500 Combined total value = 18,692,527,500
Strike 100 has a total call value of 5,310,000 versus a total put value of 16,904,827,500 Combined total value = 16,910,137,500
Strike 101 has a total call value of 119,917,500 versus a total put value of 15,486,615,000 Combined total value = 15,606,532,500
Strike 102 has a total call value of 234,525,000 versus a total put value of 14,083,890,000 Combined total value = 14,318,415,000
Strike 103 has a total call value of 381,877,500 versus a total put value of 12,767,895,000 Combined total value = 13,149,772,500
Strike 104 has a total call value of 550,027,500 versus a total put value of 11,470,485,000 Combined total value = 12,020,512,500
Strike 105 has a total call value of 762,427,500 versus a total put value of 10,276,177,500 Combined total value = 11,038,605,000
Strike 106 has a total call value of 1,191,210,000 versus a total put value of 9,196,920,000 Combined total value = 10,388,130,000
Strike 107 has a total call value of 1,697,430,000 versus a total put value of 8,161,912,500 Combined total value = 9,859,342,500
Strike 108 has a total call value of 2,290,380,000 versus a total put value of 7,168,057,500 Combined total value = 9,458,437,500
Strike 109 has a total call value of 3,047,497,500 versus a total put value of 6,283,942,500 Combined total value = 9,331,440,000
Strike 110 has a total call value of 3,851,077,500 versus a total put value of 5,421,067,500 Combined total value = 9,272,145,000
Strike 111 has a total call value of 5,144,947,500 versus a total put value of 4,711,740,000 Combined total value = 9,856,687,500
Strike 112 has a total call value of 6,516,255,000 versus a total put value of 4,032,502,500 Combined total value = 10,548,757,500
Strike 113 has a total call value of 8,071,642,500 versus a total put value of 3,400,612,500 Combined total value = 11,472,255,000
Strike 114 has a total call value of 9,681,900,000 versus a total put value of 2,808,105,000 Combined total value = 12,490,005,000
Strike 115 has a total call value of 11,359,417,500 versus a total put value of 2,253,210,000 Combined total value = 13,612,627,500
Strike 116 has a total call value of 13,531,207,500 versus a total put value of 1,910,272,500 Combined total value = 15,441,480,000
Strike 117 has a total call value of 15,790,612,500 versus a total put value of 1,605,390,000 Combined total value = 17,396,002,500
Strike 118 has a total call value of 18,149,137,500 versus a total put value of 1,300,507,500 Combined total value = 19,449,645,000
Strike 119 has a total call value of 20,577,577,500 versus a total put value of 1,034,122,500 Combined total value = 21,611,700,000
Strike 120 has a total call value of 23,062,657,500 versus a total put value of 767,737,500 Combined total value = 23,830,395,000
Strike 121 has a total call value of 26,142,457,500 versus a total put value of 639,855,000 Combined total value = 26,782,312,500
Strike 122 has a total call value of 29,271,817,500 versus a total put value of 511,972,500 Combined total value = 29,783,790,000
Strike 123 has a total call value of 32,401,177,500 versus a total put value of 384,090,000 Combined total value = 32,785,267,500
Strike 124 has a total call value of 35,595,585,000 versus a total put value of 256,207,500 Combined total value = 35,851,792,500
Strike 125 has a total call value of 38,839,995,000 versus a total put value of 128,325,000 Combined total value = 38,968,320,000
Strike 126 has a total call value of 43,130,917,500 versus a total put value of 102,660,000 Combined total value = 43,233,577,500
Strike 127 has a total call value of 47,484,675,000 versus a total put value of 76,995,000 Combined total value = 47,561,670,000
Strike 128 has a total call value of 51,941,092,500 versus a total put value of 51,330,000 Combined total value = 51,992,422,500
Strike 129 has a total call value of 56,454,592,500 versus a total put value of 25,665,000 Combined total value = 56,480,257,500
Strike 130 has a total call value of 61,007,917,500 versus a total put value of 0 Combined total value = 61,007,917,500
Strike 131 has a total call value of 65,886,037,500 versus a total put value of 0 Combined total value = 65,886,037,500
Strike 132 has a total call value of 70,764,157,500 versus a total put value of 0 Combined total value = 70,764,157,500
Strike 133 has a total call value of 75,657,765,000 versus a total put value of 0 Combined total value = 75,657,765,000
Strike 134 has a total call value of 80,551,372,500 versus a total put value of 0 Combined total value = 80,551,372,500
Strike 135 has a total call value of 85,473,742,500 versus a total put value of 0 Combined total value = 85,473,742,500
Strike 136 has a total call value of 90,449,655,000 versus a total put value of 0 Combined total value = 90,449,655,000
Strike 137 has a total call value of 95,425,567,500 versus a total put value of 0 Combined total value = 95,425,567,500
Strike 138 has a total call value of 100,401,480,000 versus a total put value of 0 Combined total value = 100,401,480,000
Strike 139 has a total call value of 105,390,667,500 versus a total put value of 0 Combined total value = 105,390,667,500
Strike 140 has a total call value of 110,379,855,000 versus a total put value of 0 Combined total value = 110,379,855,000
Strike 141 has a total call value of 115,412,407,500 versus a total put value of 0 Combined total value = 115,412,407,500
Strike 142 has a total call value of 120,444,960,000 versus a total put value of 0 Combined total value = 120,444,960,000
Strike 143 has a total call value of 125,477,512,500 versus a total put value of 0 Combined total value = 125,477,512,500
Strike 144 has a total call value of 130,510,065,000 versus a total put value of 0 Combined total value = 130,510,065,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 409 | 420 |
| ABB | 6151.55 | 6600 |
| ABBOTINDIA | 28301.65 | 29000 |
| ABCAPITAL | 174.63 | 182.5 |
| ABFRL | 270.75 | 280 |
| ACC | 1945.85 | 2060 |
| ADANIENSOL | 780.15 | 780 |
| ADANIENT | 2399 | 2500 |
| ADANIGREEN | 1015.6 | 1000 |
| ADANIPORTS | 1126.1 | 1180 |
| ALKEM | 5276 | 5400 |
| AMBUJACEM | 514.4 | 550 |
| ANGELONE | 2380 | 2500 |
| APLAPOLLO | 1473.05 | 1500 |
| APOLLOHOSP | 6694.8 | 7050 |
| APOLLOTYRE | 453.1 | 470 |
| ASHOKLEY | 210.74 | 220 |
| ASIANPAINT | 2242 | 2320 |
| ASTRAL | 1495.75 | 1600 |
| ATGL | 695 | 670 |
| ATUL | 6744.55 | 6700 |
| AUBANK | 579.5 | 565 |
| AUROPHARMA | 1177.85 | 1220 |
| AXISBANK | 1055.5 | 1080 |
| BAJAJ-AUTO | 8608 | 8900 |
| BAJAJFINSV | 1706 | 1640 |
| BAJFINANCE | 7330 | 7200 |
| BALKRISIND | 2708.45 | 2800 |
| BANDHANBNK | 145.79 | 160 |
| BANKBARODA | 225.42 | 240 |
| BANKINDIA | 94.49 | 98 |
| BATAINDIA | 1343 | 1380 |
| BEL | 268.2 | 280 |
| BERGEPAINT | 462.1 | 460 |
| BHARATFORG | 1194.45 | 1260 |
| BHARTIARTL | 1592.9 | 1600 |
| BHEL | 196.43 | 220 |
| BIOCON | 388.65 | 375 |
| BOSCHLTD | 31623.25 | 33000 |
| BPCL | 270.5 | 280 |
| BRITANNIA | 4870 | 4850 |
| BSE | 5452.95 | 5300 |
| BSOFT | 534.2 | 560 |
| CAMS | 4253.75 | 4700 |
| CANBK | 93.86 | 98 |
| CANFINHOME | 667.3 | 700 |
| CDSL | 1572.2 | 1700 |
| CESC | 153.73 | 160 |
| CGPOWER | 635 | 660 |
| CHAMBLFERT | 474.95 | 490 |
| CHOLAFIN | 1273 | 1260 |
| CIPLA | 1443.9 | 1500 |
| COALINDIA | 368.4 | 385 |
| COFORGE | 8580.85 | 9100 |
| COLPAL | 2701.3 | 2800 |
| CONCOR | 760.5 | 780 |
| COROMANDEL | 1824.1 | 1880 |
| CROMPTON | 358.7 | 370 |
| CUB | 167.5 | 170 |
| CUMMINSIND | 2944.65 | 3150 |
| CYIENT | 1699.2 | 1720 |
| DABUR | 510.8 | 515 |
| DALBHARAT | 1730 | 1740 |
| DEEPAKNTR | 2342.05 | 2450 |
| DELHIVERY | 324.95 | 335 |
| DIVISLAB | 5957.5 | 5900 |
| DIXON | 16234.75 | 17000 |
| DLF | 724.45 | 770 |
| DMART | 3466.05 | 3700 |
| DRREDDY | 1335.15 | 1350 |
| EICHERMOT | 5020.2 | 5000 |
| ESCORTS | 3435.45 | 3300 |
| EXIDEIND | 382.5 | 410 |
| FEDERALBNK | 193.34 | 197.5 |
| GAIL | 175.7 | 190 |
| GLENMARK | 1513.35 | 1560 |
| GMRAIRPORT | 71.7 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 536.95 | 550 |
| GODREJCP | 1137.8 | 1140 |
| GODREJPROP | 2303.45 | 2500 |
| GRANULES | 588.85 | 590 |
| GRASIM | 2297.4 | 2480 |
| GUJGASLTD | 487.45 | 495 |
| HAL | 3821.2 | 4150 |
| HAVELLS | 1542.55 | 1600 |
| HCLTECH | 1824.55 | 1840 |
| HDFCAMC | 3909.85 | 3950 |
| HDFCBANK | 1651.3 | 1700 |
| HDFCLIFE | 599.45 | 620 |
| HEROMOTOCO | 4100.1 | 4200 |
| HFCL | 98.07 | 105 |
| HINDALCO | 588.75 | 600 |
| HINDCOPPER | 225 | 250 |
| HINDPETRO | 372.1 | 390 |
| HINDUNILVR | 2369.3 | 2400 |
| HUDCO | 214 | 220 |
| ICICIBANK | 1239.85 | 1270 |
| ICICIGI | 1823.15 | 1860 |
| ICICIPRULI | 638.85 | 660 |
| IDEA | 8.1 | 8 |
| IDFCFIRSTB | 62.29 | 63 |
| IEX | 167.05 | 175 |
| IGL | 410.6 | 410 |
| INDHOTEL | 775.05 | 800 |
| INDIAMART | 2251.65 | 2300 |
| INDIANB | 505.65 | 520 |
| INDIGO | 4000 | 4300 |
| INDUSINDBK | 971.85 | 980 |
| INDUSTOWER | 339.55 | 340 |
| INFY | 1939.7 | 1940 |
| IOC | 126.67 | 135 |
| IPCALAB | 1587.5 | 1640 |
| IRB | 51.24 | 55 |
| IRCTC | 757.8 | 790 |
| IRFC | 134.5 | 137.5 |
| ITC | 436.35 | 445 |
| JINDALSTEL | 912.15 | 940 |
| JIOFIN | 272.25 | 285 |
| JKCEMENT | 4374.95 | 4500 |
| JSL | 628.4 | 630 |
| JSWENERGY | 549.55 | 570 |
| JSWSTEEL | 904.65 | 920 |
| JUBLFOOD | 708.5 | 730 |
| KALYANKJIL | 597.35 | 640 |
| KEI | 4035.95 | 4200 |
| KOTAKBANK | 1762.1 | 1800 |
| KPITTECH | 1329 | 1400 |
| LALPATHLAB | 2807.6 | 2950 |
| LAURUSLABS | 566.05 | 590 |
| LICHSGFIN | 552.7 | 580 |
| LICI | 821.5 | 860 |
| LODHA | 1142.15 | 1260 |
| LT | 3460.2 | 3600 |
| LTF | 133.26 | 140 |
| LTIM | 5798.75 | 5800 |
| LTTS | 4717.75 | 4800 |
| LUPIN | 2153.55 | 2240 |
| M&M | 3051.4 | 3100 |
| M&MFIN | 266.5 | 270 |
| MANAPPURAM | 177.52 | 190 |
| MARICO | 657.7 | 660 |
| MARUTI | 11711.3 | 11600 |
| MAXHEALTH | 1084.4 | 1140 |
| MCX | 5710.35 | 6000 |
| METROPOLIS | 1874.1 | 2000 |
| MFSL | 1054.65 | 1100 |
| MGL | 1274.7 | 1280 |
| MOTHERSON | 145.41 | 155 |
| MPHASIS | 2781.05 | 2900 |
| MRF | 114380.05 | 118000 |
| MUTHOOTFIN | 2123.7 | 2140 |
| NATIONALUM | 198.94 | 210 |
| NAUKRI | 7463.5 | 8000 |
| NAVINFLUOR | 3610 | 3650 |
| NCC | 245.85 | 260 |
| NESTLEIND | 2215.05 | 2200 |
| NHPC | 76.87 | 78 |
| NMDC | 63.18 | 67 |
| NTPC | 309.6 | 320 |
| NYKAA | 165.1 | 167.5 |
| OBEROIRLTY | 1988.15 | 2140 |
| OFSS | 10768.5 | 11500 |
| OIL | 466.2 | 460 |
| ONGC | 259.42 | 257.5 |
| PAGEIND | 46374.35 | 47000 |
| PAYTM | 821.25 | 880 |
| PEL | 1025.4 | 1080 |
| PERSISTENT | 5892.75 | 6200 |
| PETRONET | 325.05 | 335 |
| PFC | 418.25 | 440 |
| PIDILITIND | 2811.5 | 2900 |
| PIIND | 3474.65 | 3600 |
| PNB | 98.82 | 101 |
| POLICYBZR | 1742.35 | 1900 |
| POLYCAB | 6452.95 | 6700 |
| POONAWALLA | 308.6 | 315 |
| POWERGRID | 290.6 | 305 |
| PRESTIGE | 1426.25 | 1550 |
| PVRINOX | 1086.15 | 1180 |
| RAMCOCEM | 885.5 | 930 |
| RBLBANK | 153.49 | 160 |
| RECLTD | 476.55 | 500 |
| RELIANCE | 1231.55 | 1250 |
| SAIL | 106.03 | 110 |
| SBICARD | 732.5 | 730 |
| SBILIFE | 1494.95 | 1440 |
| SBIN | 754.4 | 780 |
| SHREECEM | 25070.05 | 25750 |
| SHRIRAMFIN | 542.1 | 570 |
| SIEMENS | 5862 | 6300 |
| SJVN | 94.27 | 100 |
| SONACOMS | 566.9 | 580 |
| SRF | 2505.55 | 2560 |
| SUNPHARMA | 1766.5 | 1820 |
| SUNTV | 657.55 | 670 |
| SUPREMEIND | 4379.25 | 4500 |
| SYNGENE | 827.3 | 850 |
| TATACHEM | 968 | 1020 |
| TATACOMM | 1678.65 | 1740 |
| TATACONSUM | 960 | 950 |
| TATAELXSI | 6083.25 | 6200 |
| TATAMOTORS | 771.85 | 780 |
| TATAPOWER | 356.35 | 380 |
| TATASTEEL | 127.05 | 135 |
| TCS | 4240.75 | 4200 |
| TECHM | 1656.95 | 1680 |
| TIINDIA | 3306.65 | 3550 |
| TITAN | 3315.3 | 3400 |
| TORNTPHARM | 3242.15 | 3350 |
| TRENT | 6175.2 | 6700 |
| TVSMOTOR | 2235.95 | 2320 |
| UBL | 1961.15 | 2000 |
| ULTRACEMCO | 10477.05 | 11100 |
| UNIONBANK | 104.22 | 110 |
| UNITDSPR | 1413.05 | 1500 |
| UPL | 541.1 | 530 |
| VBL | 567.8 | 600 |
| VEDL | 431.25 | 450 |
| VOLTAS | 1639.5 | 1720 |
| WIPRO | 293.1 | 295 |
| YESBANK | 17.91 | 19 |
| ZOMATO | 234.8 | 250 |
| ZYDUSLIFE | 995.55 | 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.
