[--[65.84.65.76]--]

VEDL

Vedanta Limited
545.15 +1.55 (0.29%)
L: 539.35 H: 547
Max Pain - VEDL
15 Dec 2025 12:07 PM IST
Live


Strike  420  has a total call value of 0  versus a total put value of  276,500,825,000 Combined total value = 276,500,825,000

Strike  425  has a total call value of 0  versus a total put value of  261,665,250,000 Combined total value = 261,665,250,000

Strike  430  has a total call value of 0  versus a total put value of  246,829,675,000 Combined total value = 246,829,675,000

Strike  435  has a total call value of 0  versus a total put value of  232,136,125,000 Combined total value = 232,136,125,000

Strike  440  has a total call value of 0  versus a total put value of  217,442,575,000 Combined total value = 217,442,575,000

Strike  445  has a total call value of 0  versus a total put value of  202,749,025,000 Combined total value = 202,749,025,000

Strike  450  has a total call value of 0  versus a total put value of  188,055,475,000 Combined total value = 188,055,475,000

Strike  455  has a total call value of 80,500,000  versus a total put value of  173,855,850,000 Combined total value = 173,936,350,000

Strike  460  has a total call value of 161,000,000  versus a total put value of  159,656,225,000 Combined total value = 159,817,225,000

Strike  465  has a total call value of 241,500,000  versus a total put value of  145,857,375,000 Combined total value = 146,098,875,000

Strike  470  has a total call value of 322,000,000  versus a total put value of  132,153,975,000 Combined total value = 132,475,975,000

Strike  475  has a total call value of 445,050,000  versus a total put value of  118,779,475,000 Combined total value = 119,224,525,000

Strike  480  has a total call value of 568,100,000  versus a total put value of  105,545,275,000 Combined total value = 106,113,375,000

Strike  485  has a total call value of 691,150,000  versus a total put value of  92,872,275,000 Combined total value = 93,563,425,000

Strike  490  has a total call value of 814,200,000  versus a total put value of  80,478,725,000 Combined total value = 81,292,925,000

Strike  495  has a total call value of 1,053,975,000  versus a total put value of  68,640,050,000 Combined total value = 69,694,025,000

Strike  500  has a total call value of 1,293,750,000  versus a total put value of  57,022,750,000 Combined total value = 58,316,500,000

Strike  505  has a total call value of 2,323,000,000  versus a total put value of  47,419,100,000 Combined total value = 49,742,100,000

Strike  510  has a total call value of 3,520,725,000  versus a total put value of  38,363,425,000 Combined total value = 41,884,150,000

Strike  515  has a total call value of 5,493,550,000  versus a total put value of  30,247,875,000 Combined total value = 35,741,425,000

Strike  520  has a total call value of 7,767,675,000  versus a total put value of  22,706,750,000 Combined total value = 30,474,425,000

Strike  525  has a total call value of 11,118,200,000  versus a total put value of  16,732,500,000 Combined total value = 27,850,700,000

Strike  530  has a total call value of 14,981,050,000  versus a total put value of  11,541,975,000 Combined total value = 26,523,025,000

Strike  535  has a total call value of 19,816,225,000  versus a total put value of  7,563,550,000 Combined total value = 27,379,775,000

Strike  540  has a total call value of 25,167,750,000  versus a total put value of  4,571,825,000 Combined total value = 29,739,575,000

Strike  545  has a total call value of 32,525,450,000  versus a total put value of  2,934,800,000 Combined total value = 35,460,250,000

Strike  550  has a total call value of 40,657,675,000  versus a total put value of  1,595,050,000 Combined total value = 42,252,725,000

Strike  555  has a total call value of 51,016,300,000  versus a total put value of  977,500,000 Combined total value = 51,993,800,000

Strike  560  has a total call value of 61,725,100,000  versus a total put value of  455,400,000 Combined total value = 62,180,500,000

Strike  565  has a total call value of 73,995,600,000  versus a total put value of  318,550,000 Combined total value = 74,314,150,000

Strike  570  has a total call value of 86,829,025,000  versus a total put value of  238,050,000 Combined total value = 87,067,075,000

Strike  575  has a total call value of 100,730,800,000  versus a total put value of  198,375,000 Combined total value = 100,929,175,000

Strike  580  has a total call value of 114,887,875,000  versus a total put value of  158,700,000 Combined total value = 115,046,575,000

Strike  585  has a total call value of 130,039,700,000  versus a total put value of  119,025,000 Combined total value = 130,158,725,000

Strike  590  has a total call value of 145,323,200,000  versus a total put value of  79,350,000 Combined total value = 145,402,550,000

Strike  595  has a total call value of 161,006,325,000  versus a total put value of  39,675,000 Combined total value = 161,046,000,000

Strike  600  has a total call value of 176,689,450,000  versus a total put value of  0 Combined total value = 176,689,450,000

Strike  605  has a total call value of 195,020,450,000  versus a total put value of  0 Combined total value = 195,020,450,000

Strike  610  has a total call value of 213,351,450,000  versus a total put value of  0 Combined total value = 213,351,450,000

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1143.8 1140
ABB 5278 5200
ABCAPITAL 354.85 350
ADANIENSOL 1015 990
ADANIENT 2288.7 2300
ADANIGREEN 1048.8 1040
ADANIPORTS 1516.5 1500
ALKEM 5599 5700
AMBER 6788 6700
AMBUJACEM 553.5 550
ANGELONE 2582 2600
APLAPOLLO 1727.2 1740
APOLLOHOSP 7069 7200
ASHOKLEY 165.91 160
ASIANPAINT 2797.9 2820
ASTRAL 1421 1440
AUBANK 973.7 960
AUROPHARMA 1184.6 1200
AXISBANK 1287.5 1280
BAJAJ-AUTO 8896.5 9000
BAJAJFINSV 2075.3 2060
BAJFINANCE 1015.8 1020
BANDHANBNK 150.4 150
BANKBARODA 285.55 290
BANKINDIA 141.95 142
BDL 1406.6 1440
BEL 391.1 400
BHARATFORG 1398.9 1400
BHARTIARTL 2074 2100
BHEL 283.2 282.5
BIOCON 385.55 390
BLUESTARCO 1811.1 1780
BOSCHLTD 36545 36500
BPCL 364.75 365
BRITANNIA 6024.5 5950
BSE 2694.5 2750
CAMS 752.7 780
CANBK 148.46 148
CDSL 1518 1560
CGPOWER 663.8 680
CHOLAFIN 1725.6 1700
CIPLA 1506.6 1520
COALINDIA 383.95 382.25
COFORGE 1863.7 1840
COLPAL 2160.5 2180
CONCOR 504.35 510
CROMPTON 253.05 260
CUMMINSIND 4541.7 4500
CYIENT 1155.2 1160
DABUR 497.55 500
DALBHARAT 2090.7 2020
DELHIVERY 407.85 420
DIVISLAB 6378 6400
DIXON 13665 13500
DLF 696.05 710
DMART 3833.4 3900
DRREDDY 1274.2 1270
EICHERMOT 7103.5 7150
ETERNAL 299.15 300
EXIDEIND 371.25 375
FEDERALBNK 264.95 260
FORTIS 865.05 880
GAIL 169.71 172.5
GLENMARK 1966.5 1940
GMRAIRPORT 105.2 102
GODREJCP 1156.2 1140
GODREJPROP 2065 2040
GRASIM 2823.3 2800
HAL 4339 4500
HAVELLS 1411.7 1420
HCLTECH 1681.6 1660
HDFCAMC 2614.6 2650
HDFCBANK 998.9 1000
HDFCLIFE 772.65 770
HEROMOTOCO 5914 6000
HFCL 66.32 68
HINDALCO 849.85 820
HINDPETRO 463.55 460
HINDUNILVR 2281.8 2300
HINDZINC 563.45 540
HUDCO 215.63 220
ICICIBANK 1366.9 1380
ICICIGI 1930.1 1960
ICICIPRULI 646.55 630
IDEA 11.59 11
IDFCFIRSTB 83.85 81
IEX 142.78 145
IIFL 573.7 560
INDHOTEL 733 730
INDIANB 788.15 800
INDIGO 4956 5000
INDUSINDBK 849 850
INDUSTOWER 409.8 410
INFY 1604.8 1600
INOXWIND 125.55 130
IOC 166.57 165
IRCTC 672.95 680
IREDA 135.65 140
IRFC 113.31 115
ITC 401.95 405
JINDALSTEL 1027.2 1020
JIOFIN 299.3 300
JSWENERGY 484.35 490
JSWSTEEL 1115.2 1140
JUBLFOOD 578.05 590
KALYANKJIL 485.85 480
KAYNES 4222.5 4400
KEI 4171 4100
KFINTECH 1049.7 1060
KOTAKBANK 2171.5 2160
KPITTECH 1227 1220
LAURUSLABS 1007.5 1000
LICHSGFIN 531 550
LICI 859.05 880
LODHA 1098.5 1100
LT 4081.3 4040
LTF 305.6 305
LTIM 6283 6200
LUPIN 2096.7 2080
M&M 3620.1 3700
MANAPPURAM 286.85 280
MANKIND 2151.6 2200
MARICO 735.3 730
MARUTI 16421 16300
MAXHEALTH 1074.7 1100
MAZDOCK 2453.8 2500
MCX 10236 10100
MFSL 1682.6 1700
MOTHERSON 120.06 116
MPHASIS 2893.9 2900
MUTHOOTFIN 3856.8 3750
NATIONALUM 278.8 270
NAUKRI 1352.5 1360
NBCC 115.9 113
NCC 161.46 167.5
NESTLEIND 1240.9 1240
NHPC 77.05 77
NMDC 77.82 76
NTPC 324.2 325
NUVAMA 7278.5 7200
NYKAA 248.9 255
OBEROIRLTY 1648.2 1640
OFSS 7985.5 8000
OIL 402.65 410
ONGC 232.72 239
PAGEIND 36720 37000
PATANJALI 533 540
PAYTM 1303.1 1300
PERSISTENT 6310.5 6300
PETRONET 268.85 275
PFC 340.35 360
PGEL 568.55 560
PHOENIXLTD 1778.1 1740
PIDILITIND 1475.8 1480
PIIND 3264.9 3350
PNB 118.74 120
PNBHOUSING 911.2 910
POLICYBZR 1907.7 1900
POLYCAB 7312 7300
POWERGRID 261.7 270
POWERINDIA 19340 19500
PPLPHARMA 172.41 177.5
PRESTIGE 1641.3 1660
RBLBANK 305.9 310
RECLTD 340.85 355
RELIANCE 1553.4 1540
RVNL 313.5 315
SAIL 131.15 132
SAMMAANCAP 148.55 155
SBICARD 868 880
SBILIFE 2029.4 2020
SBIN 968.25 965
SHREECEM 26255 26500
SHRIRAMFIN 857.5 840
SIEMENS 3168.5 3200
SOLARINDS 12240 12750
SONACOMS 485.95 495
SRF 2999.7 2950
SUNPHARMA 1794 1800
SUPREMEIND 3256.5 3350
SUZLON 53.15 54
SYNGENE 655.45 640
TATACONSUM 1159.2 1170
TATAELXSI 5060.5 5000
TATAMOTORS 0 320
TATAPOWER 381.5 390
TATASTEEL 172.87 170
TATATECH 656.8 670
TCS 3220.2 3200
TECHM 1581.4 1560
TIINDIA 2633.6 2650
TITAGARH 785.5 800
TITAN 3863.8 3840
TMPV 345.75 360
TORNTPHARM 3782 3750
TORNTPOWER 1287.9 1300
TRENT 4066.6 4200
TVSMOTOR 3623.4 3600
ULTRACEMCO 11685 11700
UNIONBANK 152.62 152.5
UNITDSPR 1442.9 1440
UNOMINDA 1238.9 1280
UPL 751.55 750
VBL 475.75 475
VEDL 545.15 530
VOLTAS 1376 1360
WIPRO 260.85 255
YESBANK 21.83 22
ZYDUSLIFE 920.1 930

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.