[--[65.84.65.76]--]

VEDL

Vedanta Limited
564.55 +15.15 (2.76%)
L: 545.2 H: 568.6
Max Pain - VEDL
16 Dec 2025 02:52 PM IST
Live


Strike  400  has a total call value of 0  versus a total put value of  457,429,175,000 Combined total value = 457,429,175,000

Strike  405  has a total call value of 0  versus a total put value of  438,271,900,000 Combined total value = 438,271,900,000

Strike  410  has a total call value of 0  versus a total put value of  419,114,625,000 Combined total value = 419,114,625,000

Strike  415  has a total call value of 0  versus a total put value of  399,957,350,000 Combined total value = 399,957,350,000

Strike  420  has a total call value of 0  versus a total put value of  380,800,075,000 Combined total value = 380,800,075,000

Strike  425  has a total call value of 85,675,000  versus a total put value of  362,038,400,000 Combined total value = 362,124,075,000

Strike  430  has a total call value of 171,350,000  versus a total put value of  343,276,725,000 Combined total value = 343,448,075,000

Strike  435  has a total call value of 258,175,000  versus a total put value of  324,641,550,000 Combined total value = 324,899,725,000

Strike  440  has a total call value of 345,000,000  versus a total put value of  306,006,375,000 Combined total value = 306,351,375,000

Strike  445  has a total call value of 469,200,000  versus a total put value of  287,502,300,000 Combined total value = 287,971,500,000

Strike  450  has a total call value of 593,400,000  versus a total put value of  268,998,225,000 Combined total value = 269,591,625,000

Strike  455  has a total call value of 792,925,000  versus a total put value of  250,961,625,000 Combined total value = 251,754,550,000

Strike  460  has a total call value of 993,025,000  versus a total put value of  232,975,050,000 Combined total value = 233,968,075,000

Strike  465  has a total call value of 1,220,725,000  versus a total put value of  215,399,600,000 Combined total value = 216,620,325,000

Strike  470  has a total call value of 1,463,375,000  versus a total put value of  197,914,425,000 Combined total value = 199,377,800,000

Strike  475  has a total call value of 1,746,850,000  versus a total put value of  180,753,550,000 Combined total value = 182,500,400,000

Strike  480  has a total call value of 2,041,250,000  versus a total put value of  163,728,950,000 Combined total value = 165,770,200,000

Strike  485  has a total call value of 2,475,375,000  versus a total put value of  147,289,125,000 Combined total value = 149,764,500,000

Strike  490  has a total call value of 2,918,125,000  versus a total put value of  131,037,900,000 Combined total value = 133,956,025,000

Strike  495  has a total call value of 3,464,950,000  versus a total put value of  115,306,475,000 Combined total value = 118,771,425,000

Strike  500  has a total call value of 4,135,975,000  versus a total put value of  99,759,625,000 Combined total value = 103,895,600,000

Strike  505  has a total call value of 5,490,100,000  versus a total put value of  86,351,775,000 Combined total value = 91,841,875,000

Strike  510  has a total call value of 6,996,025,000  versus a total put value of  73,188,300,000 Combined total value = 80,184,325,000

Strike  515  has a total call value of 9,223,575,000  versus a total put value of  60,782,675,000 Combined total value = 70,006,250,000

Strike  520  has a total call value of 11,721,950,000  versus a total put value of  48,781,850,000 Combined total value = 60,503,800,000

Strike  525  has a total call value of 15,097,200,000  versus a total put value of  38,335,825,000 Combined total value = 53,433,025,000

Strike  530  has a total call value of 18,958,325,000  versus a total put value of  28,899,500,000 Combined total value = 47,857,825,000

Strike  535  has a total call value of 23,748,075,000  versus a total put value of  20,993,825,000 Combined total value = 44,741,900,000

Strike  540  has a total call value of 28,938,025,000  versus a total put value of  14,224,925,000 Combined total value = 43,162,950,000

Strike  545  has a total call value of 35,861,600,000  versus a total put value of  9,650,800,000 Combined total value = 45,512,400,000

Strike  550  has a total call value of 43,241,725,000  versus a total put value of  5,683,875,000 Combined total value = 48,925,600,000

Strike  555  has a total call value of 52,912,650,000  versus a total put value of  3,411,475,000 Combined total value = 56,324,125,000

Strike  560  has a total call value of 63,327,050,000  versus a total put value of  1,553,650,000 Combined total value = 64,880,700,000

Strike  565  has a total call value of 76,495,700,000  versus a total put value of  840,075,000 Combined total value = 77,335,775,000

Strike  570  has a total call value of 90,498,100,000  versus a total put value of  453,100,000 Combined total value = 90,951,200,000

Strike  575  has a total call value of 106,456,075,000  versus a total put value of  312,800,000 Combined total value = 106,768,875,000

Strike  580  has a total call value of 122,959,725,000  versus a total put value of  189,750,000 Combined total value = 123,149,475,000

Strike  585  has a total call value of 140,994,600,000  versus a total put value of  139,725,000 Combined total value = 141,134,325,000

Strike  590  has a total call value of 159,483,725,000  versus a total put value of  92,000,000 Combined total value = 159,575,725,000

Strike  595  has a total call value of 178,765,775,000  versus a total put value of  46,000,000 Combined total value = 178,811,775,000

Strike  600  has a total call value of 198,181,800,000  versus a total put value of  0 Combined total value = 198,181,800,000

Strike  605  has a total call value of 220,622,325,000  versus a total put value of  0 Combined total value = 220,622,325,000

Strike  610  has a total call value of 243,062,850,000  versus a total put value of  0 Combined total value = 243,062,850,000

Strike  615  has a total call value of 266,166,925,000  versus a total put value of  0 Combined total value = 266,166,925,000

Strike  620  has a total call value of 289,271,000,000  versus a total put value of  0 Combined total value = 289,271,000,000

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1128.7 1140
ABB 5243.5 5200
ABCAPITAL 348.25 350
ADANIENSOL 995.5 990
ADANIENT 2248 2300
ADANIGREEN 1027.1 1020
ADANIPORTS 1502.2 1500
ALKEM 5657 5700
AMBER 6778.5 6800
AMBUJACEM 549.25 550
ANGELONE 2533.9 2600
APLAPOLLO 1731 1740
APOLLOHOSP 7045.5 7200
ASHOKLEY 167.69 160
ASIANPAINT 2792.5 2800
ASTRAL 1462.6 1460
AUBANK 981.1 960
AUROPHARMA 1179.4 1200
AXISBANK 1222.5 1240
BAJAJ-AUTO 9018 9000
BAJAJFINSV 2039.7 2060
BAJFINANCE 999.4 1020
BANDHANBNK 149.42 150
BANKBARODA 282.35 290
BANKINDIA 139.8 143
BDL 1354.9 1400
BEL 388.1 400
BHARATFORG 1418.6 1400
BHARTIARTL 2101.8 2100
BHEL 278.6 280
BIOCON 384.9 390
BLUESTARCO 1815.3 1780
BOSCHLTD 36220 36500
BPCL 367 362.5
BRITANNIA 6072 6000
BSE 2600.3 2700
CAMS 754.5 780
CANBK 147.32 148
CDSL 1503.6 1560
CGPOWER 672.65 680
CHOLAFIN 1716.5 1700
CIPLA 1498.5 1520
COALINDIA 381.75 384.75
COFORGE 1854.7 1840
COLPAL 2162.1 2180
CONCOR 500.05 520
CROMPTON 253 265
CUMMINSIND 4489.5 4500
CYIENT 1151.8 1160
DABUR 497.65 505
DALBHARAT 2059.9 2040
DELHIVERY 402.15 410
DIVISLAB 6303 6400
DIXON 13646 13750
DLF 691.1 720
DMART 3844.8 3900
DRREDDY 1280.6 1270
EICHERMOT 7086 7100
ETERNAL 285.6 295
EXIDEIND 366.1 375
FEDERALBNK 262.4 260
FORTIS 876.8 890
GAIL 168.11 175
GLENMARK 1966.5 1940
GMRAIRPORT 103.25 102
GODREJCP 1184.1 1160
GODREJPROP 2024.3 2080
GRASIM 2802.5 2800
HAL 4257.8 4500
HAVELLS 1415.1 1440
HCLTECH 1651 1660
HDFCAMC 2579.7 2625
HDFCBANK 994.9 1000
HDFCLIFE 765.7 770
HEROMOTOCO 5948 6050
HFCL 65.67 68
HINDALCO 837.3 820
HINDPETRO 463.8 460
HINDUNILVR 2285.2 2300
HINDZINC 567.4 540
HUDCO 211.32 220
ICICIBANK 1364.3 1380
ICICIGI 1947.5 1980
ICICIPRULI 640.5 630
IDEA 11.29 11
IDFCFIRSTB 83.5 81
IEX 140.52 145
IIFL 567.4 560
INDHOTEL 724.35 740
INDIANB 774 820
INDIGO 4978.5 5000
INDUSINDBK 844.5 850
INDUSTOWER 407.8 410
INFY 1592 1600
INOXWIND 126.1 130
IOC 167.57 165
IRCTC 670.7 690
IREDA 133.78 140
IRFC 112.25 116
ITC 402.25 405
JINDALSTEL 1014.3 1030
JIOFIN 295.65 305
JSWENERGY 477 490
JSWSTEEL 1085.1 1130
JUBLFOOD 561.15 580
KALYANKJIL 478.25 480
KAYNES 4177.5 4400
KEI 4153.6 4100
KFINTECH 1033.8 1060
KOTAKBANK 2183.9 2160
KPITTECH 1171.2 1200
LAURUSLABS 998.6 1000
LICHSGFIN 526.5 550
LICI 854.35 880
LODHA 1075.1 1120
LT 4063.7 4040
LTF 300.4 302.5
LTIM 6212 6150
LUPIN 2089 2080
M&M 3628.6 3650
MANAPPURAM 283.55 280
MANKIND 2108.3 2200
MARICO 738.65 740
MARUTI 16389 16300
MAXHEALTH 1074.7 1100
MAZDOCK 2409.8 2600
MCX 10155 10100
MFSL 1672.8 1700
MOTHERSON 119.8 116
MPHASIS 2854.1 2900
MUTHOOTFIN 3835.9 3750
NATIONALUM 276.3 270
NAUKRI 1345.8 1360
NBCC 111.83 113
NCC 158.22 167.5
NESTLEIND 1244 1240
NHPC 75.92 78
NMDC 77.1 77
NTPC 321.25 325
NUVAMA 7213 7200
NYKAA 246.7 255
OBEROIRLTY 1633 1660
OFSS 7854 8000
OIL 401.8 410
ONGC 232.36 240
PAGEIND 36330 37500
PATANJALI 535.75 545
PAYTM 1280.1 1300
PERSISTENT 6195 6200
PETRONET 264.85 277.5
PFC 335.35 355
PGEL 570.65 560
PHOENIXLTD 1779.4 1740
PIDILITIND 1471.9 1480
PIIND 3253.4 3350
PNB 117.01 120
PNBHOUSING 912.05 910
POLICYBZR 1820.2 1860
POLYCAB 7334 7300
POWERGRID 261.5 270
POWERINDIA 19290 19500
PPLPHARMA 169 180
PRESTIGE 1630.5 1660
RBLBANK 299.55 310
RECLTD 335.55 355
RELIANCE 1543.5 1540
RVNL 309.65 315
SAIL 128.79 132
SAMMAANCAP 146.58 155
SBICARD 849.8 870
SBILIFE 2040.6 2020
SBIN 964.05 970
SHREECEM 25975 26500
SHRIRAMFIN 852.8 850
SIEMENS 3152.5 3200
SOLARINDS 11937 12500
SONACOMS 484.85 500
SRF 3015 2950
SUNPHARMA 1784.5 1800
SUPREMEIND 3410.2 3400
SUZLON 52.42 54
SYNGENE 647.25 650
TATACONSUM 1169.8 1170
TATAELXSI 4997.5 5100
TATAMOTORS 0 320
TATAPOWER 379.55 390
TATASTEEL 169.97 170
TATATECH 650.3 680
TCS 3208.4 3200
TECHM 1575.9 1540
TIINDIA 2622.7 2700
TITAGARH 791.15 800
TITAN 3919.7 3860
TMPV 345.75 360
TORNTPHARM 3774 3800
TORNTPOWER 1281.5 1300
TRENT 4102 4200
TVSMOTOR 3615.9 3600
ULTRACEMCO 11545 11700
UNIONBANK 152.87 152.5
UNITDSPR 1448.7 1440
UNOMINDA 1259.7 1280
UPL 750 750
VBL 477.7 470
VEDL 564.55 540
VOLTAS 1396.6 1380
WIPRO 259.2 255
YESBANK 21.45 22
ZYDUSLIFE 917.95 930

Note:
Stock LTP > Max Pain Bearish Trend
Stock LTP < Max Pain Bullish Trend
Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

  1. For each strike price: Calculate the difference between the current stock price and the strike price.
  2. Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
  3. Sum the values: Add together the dollar value for put options and call options at each strike price.
  4. Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
  5. Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

  • Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
  • Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
  • Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
  • Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
  • Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

  • Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
  • Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
  • Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
  • Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

  • Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
  • Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
  • Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
  • New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

  • Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
  • Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

  • Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
  • Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
  • Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
  • Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
  • Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

  • Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
  • Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
  • High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
  • Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
  • Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.