UNIONBANK
Union Bank Of India
Max pain for UNIONBANK
16 May 2025 04:13 PM IST
Max Pain for UNIONBANK is 130
Strike 97.5 has a total call value of 0 versus a total put value of 50,644,125,000 Combined total value = 50,644,125,000
Strike 98 has a total call value of 0 versus a total put value of 49,537,653,750 Combined total value = 49,537,653,750
Strike 100 has a total call value of 0 versus a total put value of 45,111,768,750 Combined total value = 45,111,768,750
Strike 102 has a total call value of 0 versus a total put value of 40,808,898,750 Combined total value = 40,808,898,750
Strike 102.5 has a total call value of 0 versus a total put value of 39,733,181,250 Combined total value = 39,733,181,250
Strike 104 has a total call value of 0 versus a total put value of 36,537,225,000 Combined total value = 36,537,225,000
Strike 105 has a total call value of 0 versus a total put value of 34,406,587,500 Combined total value = 34,406,587,500
Strike 106 has a total call value of 0 versus a total put value of 32,392,770,000 Combined total value = 32,392,770,000
Strike 107.5 has a total call value of 0 versus a total put value of 29,372,043,750 Combined total value = 29,372,043,750
Strike 108 has a total call value of 0 versus a total put value of 28,387,923,750 Combined total value = 28,387,923,750
Strike 110 has a total call value of 0 versus a total put value of 24,451,443,750 Combined total value = 24,451,443,750
Strike 112 has a total call value of 0 versus a total put value of 21,034,458,750 Combined total value = 21,034,458,750
Strike 112.5 has a total call value of 0 versus a total put value of 20,180,212,500 Combined total value = 20,180,212,500
Strike 114 has a total call value of 0 versus a total put value of 17,778,101,250 Combined total value = 17,778,101,250
Strike 115 has a total call value of 0 versus a total put value of 16,176,693,750 Combined total value = 16,176,693,750
Strike 116 has a total call value of 0 versus a total put value of 14,777,066,250 Combined total value = 14,777,066,250
Strike 117.5 has a total call value of 0 versus a total put value of 12,677,625,000 Combined total value = 12,677,625,000
Strike 118 has a total call value of 59,737,500 versus a total put value of 12,046,841,250 Combined total value = 12,106,578,750
Strike 120 has a total call value of 298,687,500 versus a total put value of 9,523,706,250 Combined total value = 9,822,393,750
Strike 122 has a total call value of 744,727,500 versus a total put value of 7,504,136,250 Combined total value = 8,248,863,750
Strike 122.5 has a total call value of 856,237,500 versus a total put value of 6,999,243,750 Combined total value = 7,855,481,250
Strike 124 has a total call value of 1,237,893,750 versus a total put value of 5,642,538,750 Combined total value = 6,880,432,500
Strike 125 has a total call value of 1,492,331,250 versus a total put value of 4,738,068,750 Combined total value = 6,230,400,000
Strike 126 has a total call value of 1,876,863,750 versus a total put value of 4,136,711,250 Combined total value = 6,013,575,000
Strike 127.5 has a total call value of 2,453,662,500 versus a total put value of 3,234,675,000 Combined total value = 5,688,337,500
Strike 128 has a total call value of 2,678,452,500 versus a total put value of 2,957,670,000 Combined total value = 5,636,122,500
Strike 130 has a total call value of 3,577,612,500 versus a total put value of 1,849,650,000 Combined total value = 5,427,262,500
Strike 132 has a total call value of 5,065,297,500 versus a total put value of 1,261,125,000 Combined total value = 6,326,422,500
Strike 132.5 has a total call value of 5,437,218,750 versus a total put value of 1,113,993,750 Combined total value = 6,551,212,500
Strike 134 has a total call value of 6,700,335,000 versus a total put value of 798,048,750 Combined total value = 7,498,383,750
Strike 135 has a total call value of 7,542,412,500 versus a total put value of 587,418,750 Combined total value = 8,129,831,250
Strike 136 has a total call value of 9,073,020,000 versus a total put value of 493,608,750 Combined total value = 9,566,628,750
Strike 137.5 has a total call value of 11,368,931,250 versus a total put value of 352,893,750 Combined total value = 11,721,825,000
Strike 138 has a total call value of 12,179,812,500 versus a total put value of 321,476,250 Combined total value = 12,501,288,750
Strike 140 has a total call value of 15,423,337,500 versus a total put value of 195,806,250 Combined total value = 15,619,143,750
Strike 142 has a total call value of 19,522,657,500 versus a total put value of 121,466,250 Combined total value = 19,644,123,750
Strike 142.5 has a total call value of 20,547,487,500 versus a total put value of 102,881,250 Combined total value = 20,650,368,750
Strike 144 has a total call value of 23,706,273,750 versus a total put value of 67,702,500 Combined total value = 23,773,976,250
Strike 145 has a total call value of 25,812,131,250 versus a total put value of 44,250,000 Combined total value = 25,856,381,250
Strike 146 has a total call value of 28,192,338,750 versus a total put value of 35,400,000 Combined total value = 28,227,738,750
Strike 147.5 has a total call value of 31,762,650,000 versus a total put value of 22,125,000 Combined total value = 31,784,775,000
Strike 148 has a total call value of 32,954,081,250 versus a total put value of 17,700,000 Combined total value = 32,971,781,250
Strike 150 has a total call value of 37,719,806,250 versus a total put value of 0 Combined total value = 37,719,806,250
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 474.65 | 460 |
| ABB | 5820 | 5700 |
| ABCAPITAL | 218.24 | 210 |
| ABFRL | 278.1 | 275 |
| ACC | 1928.4 | 1920 |
| ADANIENSOL | 915.05 | 900 |
| ADANIENT | 2555 | 2500 |
| ADANIGREEN | 1020.1 | 960 |
| ADANIPORTS | 1407.4 | 1320 |
| ALKEM | 5221 | 5150 |
| AMBUJACEM | 563.5 | 555 |
| ANGELONE | 2800.6 | 2550 |
| APLAPOLLO | 1785.4 | 1700 |
| APOLLOHOSP | 7015 | 7000 |
| APOLLOTYRE | 494.25 | 485 |
| ASHOKLEY | 237.33 | 230 |
| ASIANPAINT | 2353.6 | 2340 |
| ASTRAL | 1359.7 | 1340 |
| ATGL | 681.6 | 650 |
| AUBANK | 684.85 | 675 |
| AUROPHARMA | 1201.2 | 1220 |
| AXISBANK | 1208.8 | 1180 |
| BAJAJ-AUTO | 8482.5 | 8200 |
| BAJAJFINSV | 2033.6 | 2020 |
| BAJFINANCE | 9167 | 9000 |
| BALKRISIND | 2709.7 | 2700 |
| BANDHANBNK | 170.09 | 167.5 |
| BANKBARODA | 236.92 | 235 |
| BANKINDIA | 114.33 | 112 |
| BEL | 363.9 | 340 |
| BHARATFORG | 1263 | 1200 |
| BHARTIARTL | 1814 | 1820 |
| BHEL | 250.35 | 245 |
| BIOCON | 339.4 | 335 |
| BOSCHLTD | 31655 | 31000 |
| BPCL | 320.1 | 310 |
| BRITANNIA | 5501.5 | 5500 |
| BSE | 7279 | 6800 |
| BSOFT | 429.7 | 420 |
| CAMS | 3890.9 | 3800 |
| CANBK | 107.76 | 104 |
| CDSL | 1408.8 | 1300 |
| CESC | 165.19 | 160 |
| CGPOWER | 696.45 | 660 |
| CHAMBLFERT | 632.1 | 650 |
| CHOLAFIN | 1619.3 | 1580 |
| CIPLA | 1499.9 | 1500 |
| COALINDIA | 404.8 | 395 |
| COFORGE | 8426 | 7900 |
| COLPAL | 2689.7 | 2640 |
| CONCOR | 730.5 | 710 |
| CROMPTON | 351.25 | 345 |
| CUMMINSIND | 3035.6 | 2900 |
| CYIENT | 1304.3 | 1240 |
| DABUR | 476.65 | 480 |
| DALBHARAT | 2070.1 | 2000 |
| DEEPAKNTR | 2110.9 | 2000 |
| DELHIVERY | 320.85 | 315 |
| DIVISLAB | 6279.5 | 6200 |
| DIXON | 16660 | 16250 |
| DLF | 715.9 | 690 |
| DMART | 4189.7 | 4100 |
| DRREDDY | 1230.7 | 1190 |
| EICHERMOT | 5509.5 | 5500 |
| ESCORTS | 3551.5 | 3400 |
| ETERNAL | 245.76 | 235 |
| EXIDEIND | 393.05 | 380 |
| FEDERALBNK | 199.03 | 195 |
| GAIL | 186.28 | 190 |
| GLENMARK | 1448.6 | 1420 |
| GMRAIRPORT | 91.07 | 88 |
| GODREJCP | 1299.5 | 1270 |
| GODREJPROP | 2176.1 | 2150 |
| GRANULES | 505.6 | 480 |
| GRASIM | 2804.2 | 2740 |
| HAL | 5127.7 | 4800 |
| HAVELLS | 1577.4 | 1600 |
| HCLTECH | 1659.9 | 1600 |
| HDFCAMC | 4737.3 | 4600 |
| HDFCBANK | 1934.7 | 1920 |
| HDFCLIFE | 750.55 | 730 |
| HEROMOTOCO | 4345.3 | 4150 |
| HFCL | 88.43 | 84 |
| HINDALCO | 657.55 | 650 |
| HINDCOPPER | 226 | 225 |
| HINDPETRO | 410.05 | 400 |
| HINDUNILVR | 2381.4 | 2360 |
| HINDZINC | 442.3 | 430 |
| HUDCO | 233.86 | 225 |
| ICICIBANK | 1454 | 1440 |
| ICICIGI | 1849.6 | 1860 |
| ICICIPRULI | 615.6 | 600 |
| IDEA | 7.37 | 8 |
| IDFCFIRSTB | 69.26 | 67 |
| IEX | 199.86 | 195 |
| IGL | 209.2 | 200 |
| IIFL | 413.95 | 390 |
| INDHOTEL | 766.35 | 760 |
| INDIANB | 594.55 | 580 |
| INDIGO | 5562.5 | 5450 |
| INDUSINDBK | 780.2 | 800 |
| INDUSTOWER | 400.45 | 395 |
| INFY | 1589.9 | 1540 |
| INOXWIND | 179.82 | 170 |
| IOC | 144.72 | 145 |
| IRB | 51.21 | 49 |
| IRCTC | 809.05 | 790 |
| IREDA | 173.29 | 170 |
| IRFC | 138.61 | 130 |
| ITC | 435.7 | 430 |
| JINDALSTEL | 981.6 | 930 |
| JIOFIN | 277 | 260 |
| JSL | 663.1 | 620 |
| JSWENERGY | 503.85 | 490 |
| JSWSTEEL | 1021.8 | 1000 |
| JUBLFOOD | 674.3 | 690 |
| KALYANKJIL | 560.4 | 540 |
| KEI | 3463.2 | 3300 |
| KOTAKBANK | 2108.2 | 2120 |
| KPITTECH | 1364.8 | 1300 |
| LAURUSLABS | 603.05 | 610 |
| LICHSGFIN | 621.1 | 620 |
| LICI | 857 | 830 |
| LODHA | 1394.8 | 1320 |
| LT | 3604.7 | 3500 |
| LTF | 174.87 | 170 |
| LTIM | 5047.8 | 4850 |
| LUPIN | 2068.4 | 2060 |
| M&M | 3135.6 | 3050 |
| M&MFIN | 266.95 | 262.7 |
| MANAPPURAM | 229.48 | 235 |
| MARICO | 724.4 | 720 |
| MARUTI | 12995 | 12200 |
| MAXHEALTH | 1167.1 | 1160 |
| MCX | 6450 | 6200 |
| MFSL | 1355.2 | 1340 |
| MGL | 1391.4 | 1380 |
| MOTHERSON | 147.04 | 140 |
| MPHASIS | 2600.4 | 2560 |
| MRF | 140265 | 140000 |
| MUTHOOTFIN | 2104.8 | 2120 |
| NATIONALUM | 177.19 | 175 |
| NAUKRI | 1509.5 | 1440 |
| NBCC | 111.08 | 102 |
| NCC | 227.19 | 220 |
| NESTLEIND | 2408.8 | 2380 |
| NHPC | 89.71 | 85 |
| NMDC | 70.27 | 70 |
| NTPC | 343.1 | 345 |
| NYKAA | 201.8 | 200 |
| OBEROIRLTY | 1676.2 | 1640 |
| OFSS | 8696.5 | 8435 |
| OIL | 423.9 | 410 |
| ONGC | 247.27 | 240 |
| PAGEIND | 47830 | 47000 |
| PATANJALI | 1785 | 1800 |
| PAYTM | 852.35 | 860 |
| PEL | 1104.75 | 1040 |
| PERSISTENT | 5699 | 5600 |
| PETRONET | 320.6 | 315 |
| PFC | 417.75 | 420 |
| PHOENIXLTD | 1550.9 | 1550 |
| PIDILITIND | 3091.2 | 3060 |
| PIIND | 3769.7 | 3700 |
| PNB | 98.91 | 98 |
| PNBHOUSING | 1072.1 | 1060 |
| POLICYBZR | 1756.2 | 1740 |
| POLYCAB | 6094.5 | 6000 |
| POONAWALLA | 395.15 | 385 |
| POWERGRID | 300.2 | 302.5 |
| PRESTIGE | 1433.2 | 1400 |
| RAMCOCEM | 1004.15 | 960 |
| RBLBANK | 212.68 | 200 |
| RECLTD | 406.45 | 410 |
| RELIANCE | 1456.4 | 1400 |
| SAIL | 122.48 | 120 |
| SBICARD | 912 | 900 |
| SBILIFE | 1773.4 | 1740 |
| SBIN | 792.1 | 800 |
| SHREECEM | 31615 | 31000 |
| SHRIRAMFIN | 665.5 | 640 |
| SIEMENS | 3069.5 | 2900 |
| SJVN | 104.2 | 100 |
| SOLARINDS | 14025 | 13500 |
| SONACOMS | 542.85 | 500 |
| SRF | 2914.9 | 2950 |
| SUNPHARMA | 1734.9 | 1700 |
| SUPREMEIND | 3681.9 | 3600 |
| SYNGENE | 645.4 | 640 |
| TATACHEM | 859.5 | 860 |
| TATACOMM | 1632.3 | 1600 |
| TATACONSUM | 1168 | 1140 |
| TATAELXSI | 6212 | 5850 |
| TATAMOTORS | 730.7 | 700 |
| TATAPOWER | 405.8 | 400 |
| TATASTEEL | 157.55 | 150 |
| TATATECH | 750.9 | 700 |
| TCS | 3561.3 | 3500 |
| TECHM | 1617 | 1540 |
| TIINDIA | 3044.6 | 2900 |
| TITAGARH | 912.85 | 860 |
| TITAN | 3633.7 | 3500 |
| TORNTPHARM | 3266.8 | 3250 |
| TORNTPOWER | 1442.8 | 1440 |
| TRENT | 5583 | 5400 |
| TVSMOTOR | 2841.5 | 2780 |
| ULTRACEMCO | 11905 | 11800 |
| UNIONBANK | 133.02 | 130 |
| UNITDSPR | 1540.3 | 1540 |
| UPL | 644.2 | 650 |
| VBL | 501.65 | 510 |
| VEDL | 441.2 | 430 |
| VOLTAS | 1261.4 | 1260 |
| WIPRO | 254.31 | 245 |
| YESBANK | 21.55 | 20 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 902.7 | 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.
