UPL
Upl Limited
Max pain for UPL
20 Dec 2024 04:12 PM IST
Max Pain for UPL is 537.2
Strike 431.65 has a total call value of 0 versus a total put value of 49,070,986,250 Combined total value = 49,070,986,250
Strike 440 has a total call value of 0 versus a total put value of 44,893,765,150 Combined total value = 44,893,765,150
Strike 441.25 has a total call value of 0 versus a total put value of 44,268,432,650 Combined total value = 44,268,432,650
Strike 450 has a total call value of 0 versus a total put value of 39,931,416,400 Combined total value = 39,931,416,400
Strike 450.85 has a total call value of 0 versus a total put value of 39,510,106,250 Combined total value = 39,510,106,250
Strike 460 has a total call value of 0 versus a total put value of 34,974,826,400 Combined total value = 34,974,826,400
Strike 460.45 has a total call value of 0 versus a total put value of 34,751,779,850 Combined total value = 34,751,779,850
Strike 470 has a total call value of 0 versus a total put value of 30,066,115,325 Combined total value = 30,066,115,325
Strike 470.05 has a total call value of 0 versus a total put value of 30,041,583,050 Combined total value = 30,041,583,050
Strike 479.6 has a total call value of 0 versus a total put value of 25,411,561,600 Combined total value = 25,411,561,600
Strike 480 has a total call value of 487,800 versus a total put value of 25,231,021,400 Combined total value = 25,231,509,200
Strike 489.2 has a total call value of 15,447,000 versus a total put value of 21,180,818,000 Combined total value = 21,196,265,000
Strike 490 has a total call value of 17,398,200 versus a total put value of 20,840,550,400 Combined total value = 20,857,948,600
Strike 498.8 has a total call value of 48,400,600 versus a total put value of 17,204,922,800 Combined total value = 17,253,323,400
Strike 500 has a total call value of 55,392,400 versus a total put value of 16,727,529,200 Combined total value = 16,782,921,600
Strike 508.4 has a total call value of 146,448,400 versus a total put value of 13,691,949,800 Combined total value = 13,838,398,200
Strike 510 has a total call value of 190,025,200 versus a total put value of 13,128,486,600 Combined total value = 13,318,511,800
Strike 518 has a total call value of 621,457,200 versus a total put value of 10,452,090,600 Combined total value = 11,073,547,800
Strike 520 has a total call value of 782,973,200 versus a total put value of 9,809,007,600 Combined total value = 10,591,980,800
Strike 527.6 has a total call value of 1,870,442,000 versus a total put value of 7,502,255,600 Combined total value = 9,372,697,600
Strike 530 has a total call value of 2,283,446,000 versus a total put value of 6,808,929,200 Combined total value = 9,092,375,200
Strike 537.2 has a total call value of 3,857,088,800 versus a total put value of 4,910,411,600 Combined total value = 8,767,500,400
Strike 540 has a total call value of 4,580,604,600 versus a total put value of 4,241,529,400 Combined total value = 8,822,134,000
Strike 546.75 has a total call value of 6,773,875,350 versus a total put value of 2,901,603,775 Combined total value = 9,675,479,125
Strike 550 has a total call value of 7,929,859,725 versus a total put value of 2,344,969,775 Combined total value = 10,274,829,500
Strike 556.35 has a total call value of 10,790,772,850 versus a total put value of 1,447,546,500 Combined total value = 12,238,319,350
Strike 560 has a total call value of 12,718,626,200 versus a total put value of 1,083,044,725 Combined total value = 13,801,670,925
Strike 565.95 has a total call value of 16,832,792,375 versus a total put value of 631,558,725 Combined total value = 17,464,351,100
Strike 570 has a total call value of 19,933,371,125 versus a total put value of 412,597,500 Combined total value = 20,345,968,625
Strike 575.55 has a total call value of 24,733,546,700 versus a total put value of 232,111,500 Combined total value = 24,965,658,200
Strike 580 has a total call value of 28,731,270,950 versus a total put value of 192,315,150 Combined total value = 28,923,586,100
Strike 585.15 has a total call value of 33,657,217,625 versus a total put value of 146,258,700 Combined total value = 33,803,476,325
Strike 590 has a total call value of 38,373,762,600 versus a total put value of 102,885,150 Combined total value = 38,476,647,750
Strike 594.75 has a total call value of 43,115,347,975 versus a total put value of 60,405,900 Combined total value = 43,175,753,875
Strike 600 has a total call value of 48,508,281,850 versus a total put value of 13,455,150 Combined total value = 48,521,737,000
Strike 604.3 has a total call value of 53,315,727,000 versus a total put value of 11,707,200 Combined total value = 53,327,434,200
Strike 610 has a total call value of 59,806,556,400 versus a total put value of 9,390,150 Combined total value = 59,815,946,550
Strike 613.9 has a total call value of 64,247,650,200 versus a total put value of 7,804,800 Combined total value = 64,255,455,000
Strike 620 has a total call value of 71,193,976,400 versus a total put value of 5,325,150 Combined total value = 71,199,301,550
Strike 630 has a total call value of 82,733,156,400 versus a total put value of 1,260,150 Combined total value = 82,734,416,550
Strike 633.1 has a total call value of 86,310,302,200 versus a total put value of 0 Combined total value = 86,310,302,200
Strike 640 has a total call value of 94,358,351,800 versus a total put value of 0 Combined total value = 94,358,351,800
Strike 650 has a total call value of 106,031,676,800 versus a total put value of 0 Combined total value = 106,031,676,800
Strike 652.3 has a total call value of 108,716,541,550 versus a total put value of 0 Combined total value = 108,716,541,550
Strike 660 has a total call value of 117,705,001,800 versus a total put value of 0 Combined total value = 117,705,001,800
Max-Pain Table for Monthly Expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 403.85 | 450 |
ABB | 6921.25 | 7300 |
ABBOTINDIA | 28655.35 | 28000 |
ABCAPITAL | 186.21 | 200 |
ABFRL | 282.2 | 300 |
ACC | 2063.65 | 2260 |
ADANIENSOL | 767.55 | 800 |
ADANIENT | 2344.95 | 2500 |
ADANIGREEN | 1034.35 | 1120 |
ADANIPORTS | 1182.45 | 1240 |
ALKEM | 5427.5 | 5500 |
AMBUJACEM | 548.8 | 560 |
ANGELONE | 2881.7 | 3100 |
APLAPOLLO | 1559 | 1600 |
APOLLOHOSP | 7251.7 | 7200 |
APOLLOTYRE | 531.95 | 530 |
ASHOKLEY | 217.28 | 225 |
ASIANPAINT | 2282.35 | 2400 |
ASTRAL | 1734.6 | 1820 |
ATGL | 674.35 | 720 |
ATUL | 7023.15 | 7300 |
AUBANK | 537.6 | 570 |
AUROPHARMA | 1241.7 | 1240 |
AXISBANK | 1071.85 | 1120 |
BAJAJ-AUTO | 8787.25 | 9000 |
BAJAJFINSV | 1569.65 | 1640 |
BAJFINANCE | 6848.25 | 7000 |
BALKRISIND | 2790.05 | 2800 |
BANDHANBNK | 159.05 | 170 |
BANKBARODA | 240.59 | 250 |
BANKINDIA | 103.03 | 110 |
BATAINDIA | 1342.25 | 1400 |
BEL | 290.85 | 310 |
BERGEPAINT | 444.8 | 465 |
BHARATFORG | 1278.9 | 1340 |
BHARTIARTL | 1578.1 | 1600 |
BHEL | 235.3 | 250 |
BIOCON | 335.95 | 355 |
BOSCHLTD | 34576.95 | 35000 |
BPCL | 289.05 | 295 |
BRITANNIA | 4698.1 | 4800 |
BSE | 5542.85 | 5300 |
BSOFT | 577 | 600 |
CAMS | 4951 | 5100 |
CANBK | 99.61 | 104 |
CANFINHOME | 747.7 | 790 |
CDSL | 1860.75 | 1860 |
CESC | 182.74 | 190 |
CGPOWER | 730.05 | 760 |
CHAMBLFERT | 509.15 | 520 |
CHOLAFIN | 1189.55 | 1260 |
CIPLA | 1472.05 | 1480 |
COALINDIA | 382 | 414.25 |
COFORGE | 9370.45 | 9200 |
COLPAL | 2750.85 | 2850 |
CONCOR | 767.95 | 830 |
COROMANDEL | 1839.3 | 1800 |
CROMPTON | 388.25 | 405 |
CUB | 175.42 | 180 |
CUMMINSIND | 3312.9 | 3450 |
CYIENT | 1924.4 | 2000 |
DABUR | 502.55 | 510 |
DALBHARAT | 1801.9 | 1880 |
DEEPAKNTR | 2596.85 | 2700 |
DELHIVERY | 349.6 | 365 |
DIVISLAB | 5846.75 | 6000 |
DIXON | 17944.9 | 18000 |
DLF | 830.7 | 850 |
DMART | 3408.3 | 3600 |
DRREDDY | 1343.65 | 1300 |
EICHERMOT | 4734.5 | 4800 |
ESCORTS | 3162.05 | 3350 |
EXIDEIND | 426.3 | 450 |
FEDERALBNK | 194.46 | 205 |
GAIL | 192.42 | 200 |
GLENMARK | 1541.65 | 1520 |
GMRAIRPORT | 78.82 | 85 |
GMRINFRA | 0 | 36 |
GNFC | 583.8 | 610 |
GODREJCP | 1069.6 | 1120 |
GODREJPROP | 2855.95 | 2900 |
GRANULES | 592.4 | 580 |
GRASIM | 2488.7 | 2620 |
GUJGASLTD | 499.8 | 500 |
HAL | 4190.2 | 4500 |
HAVELLS | 1657.4 | 1720 |
HCLTECH | 1911.35 | 1900 |
HDFCAMC | 4262.8 | 4400 |
HDFCBANK | 1771.5 | 1800 |
HDFCLIFE | 623.8 | 640 |
HEROMOTOCO | 4339.95 | 4600 |
HFCL | 113.35 | 120 |
HINDALCO | 622.65 | 650 |
HINDCOPPER | 271.5 | 290 |
HINDPETRO | 399.5 | 400 |
HINDUNILVR | 2333.9 | 2400 |
HUDCO | 242.11 | 245 |
ICICIBANK | 1288.4 | 1300 |
ICICIGI | 1902.15 | 1920 |
ICICIPRULI | 653.9 | 670 |
IDEA | 7.4 | 8 |
IDFCFIRSTB | 61.68 | 65 |
IEX | 177.45 | 182.5 |
IGL | 388.3 | 370 |
INDHOTEL | 854.1 | 850 |
INDIAMART | 2249.95 | 2350 |
INDIANB | 537.15 | 580 |
INDIGO | 4395.6 | 4400 |
INDUSINDBK | 929.45 | 980 |
INDUSTOWER | 337.1 | 350 |
INFY | 1922.15 | 1920 |
IOC | 137.08 | 142.5 |
IPCALAB | 1582.5 | 1560 |
IRB | 55.09 | 57 |
IRCTC | 784.25 | 830 |
IRFC | 148.41 | 155 |
ITC | 464.65 | 470 |
JINDALSTEL | 908.05 | 940 |
JIOFIN | 304.3 | 325 |
JKCEMENT | 4517.8 | 4600 |
JSL | 719.8 | 730 |
JSWENERGY | 669.8 | 660 |
JSWSTEEL | 917.35 | 950 |
JUBLFOOD | 672.7 | 670 |
KALYANKJIL | 719.2 | 740 |
KEI | 4166.25 | 4400 |
KOTAKBANK | 1743.55 | 1780 |
KPITTECH | 1451.25 | 1500 |
LALPATHLAB | 2946.25 | 3050 |
LAURUSLABS | 559.2 | 570 |
LICHSGFIN | 582.25 | 620 |
LICI | 901.7 | 940 |
LODHA | 1400.7 | 1440 |
LT | 3629.85 | 3750 |
LTF | 136.48 | 145 |
LTIM | 5824.3 | 6150 |
LTTS | 4828.5 | 5200 |
LUPIN | 2150.7 | 2100 |
M&M | 2906.35 | 3000 |
M&MFIN | 266.05 | 275 |
MANAPPURAM | 181.03 | 180 |
MARICO | 627.95 | 630 |
MARUTI | 10901.05 | 11100 |
MAXHEALTH | 1165.2 | 1140 |
MCX | 6397.4 | 6500 |
METROPOLIS | 2058.05 | 2120 |
MFSL | 1109.2 | 1140 |
MGL | 1215.3 | 1260 |
MOTHERSON | 156.06 | 165 |
MPHASIS | 2950.6 | 3100 |
MRF | 128057.9 | 130000 |
MUTHOOTFIN | 2075.65 | 2060 |
NATIONALUM | 215.36 | 232.5 |
NAUKRI | 8494.95 | 8600 |
NAVINFLUOR | 3305.85 | 3500 |
NCC | 287.55 | 300 |
NESTLEIND | 2163.5 | 2220 |
NHPC | 81.47 | 85 |
NMDC | 213.15 | 230 |
NTPC | 333.25 | 350 |
NYKAA | 167.33 | 170 |
OBEROIRLTY | 2247.8 | 2200 |
OFSS | 12247.55 | 12500 |
OIL | 421.8 | 450 |
ONGC | 237.1 | 250 |
PAGEIND | 48856.35 | 48500 |
PAYTM | 945.25 | 980 |
PEL | 1093.7 | 1160 |
PERSISTENT | 6368.7 | 6400 |
PETRONET | 336.45 | 340 |
PFC | 453.3 | 480 |
PIDILITIND | 2976.8 | 3080 |
PIIND | 3813.75 | 4000 |
PNB | 100.77 | 105 |
POLICYBZR | 2092.15 | 2000 |
POLYCAB | 7178.25 | 7300 |
POONAWALLA | 318.85 | 340 |
POWERGRID | 315.8 | 325 |
PRESTIGE | 1794.5 | 1800 |
PVRINOX | 1382.1 | 1520 |
RAMCOCEM | 986.1 | 1010 |
RBLBANK | 152.79 | 160 |
RECLTD | 513.25 | 530 |
RELIANCE | 1205.3 | 1280 |
SAIL | 116.1 | 125 |
SBICARD | 687 | 710 |
SBILIFE | 1400.6 | 1420 |
SBIN | 812 | 840 |
SHREECEM | 27063.5 | 27000 |
SHRIRAMFIN | 2877.25 | 3000 |
SIEMENS | 6868.9 | 7300 |
SJVN | 111.54 | 117.5 |
SONACOMS | 588.45 | 620 |
SRF | 2277.6 | 2300 |
SUNPHARMA | 1808.85 | 1800 |
SUNTV | 696.85 | 730 |
SUPREMEIND | 4839.8 | 4900 |
SYNGENE | 844 | 860 |
TATACHEM | 1028.85 | 1080 |
TATACOMM | 1710.45 | 1800 |
TATACONSUM | 889.45 | 930 |
TATAELXSI | 6921.6 | 7200 |
TATAMOTORS | 724.05 | 770 |
TATAPOWER | 401.1 | 420 |
TATASTEEL | 140.68 | 147.5 |
TCS | 4170.3 | 4300 |
TECHM | 1686.05 | 1740 |
TIINDIA | 3619.1 | 3700 |
TITAN | 3356.25 | 3400 |
TORNTPHARM | 3437 | 3400 |
TRENT | 6831.55 | 6900 |
TVSMOTOR | 2391.65 | 2500 |
UBL | 2025.35 | 2000 |
ULTRACEMCO | 11422.8 | 11500 |
UNIONBANK | 116.78 | 125 |
UNITDSPR | 1544.8 | 1540 |
UPL | 504.5 | 537.2 |
VBL | 612.55 | 630 |
VEDL | 477.25 | 490 |
VOLTAS | 1686.5 | 1740 |
WIPRO | 305.2 | 302.5 |
YESBANK | 19.83 | 21 |
ZOMATO | 282.1 | 285 |
ZYDUSLIFE | 973.5 | 980 |
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.