VOLTAS
Voltas Ltd
Max pain for VOLTAS
23 May 2025 01:47 PM IST
Max Pain for VOLTAS is 1280
Strike 1000 has a total call value of 0 versus a total put value of 111,879,600,000 Combined total value = 111,879,600,000
Strike 1020 has a total call value of 0 versus a total put value of 102,588,000,000 Combined total value = 102,588,000,000
Strike 1040 has a total call value of 0 versus a total put value of 93,296,400,000 Combined total value = 93,296,400,000
Strike 1060 has a total call value of 0 versus a total put value of 84,291,600,000 Combined total value = 84,291,600,000
Strike 1080 has a total call value of 0 versus a total put value of 75,286,800,000 Combined total value = 75,286,800,000
Strike 1100 has a total call value of 0 versus a total put value of 66,348,000,000 Combined total value = 66,348,000,000
Strike 1120 has a total call value of 70,800,000 versus a total put value of 57,891,000,000 Combined total value = 57,961,800,000
Strike 1140 has a total call value of 141,600,000 versus a total put value of 49,549,800,000 Combined total value = 49,691,400,000
Strike 1160 has a total call value of 212,400,000 versus a total put value of 41,617,800,000 Combined total value = 41,830,200,000
Strike 1180 has a total call value of 328,800,000 versus a total put value of 33,961,200,000 Combined total value = 34,290,000,000
Strike 1200 has a total call value of 574,200,000 versus a total put value of 26,673,600,000 Combined total value = 27,247,800,000
Strike 1220 has a total call value of 1,111,200,000 versus a total put value of 21,063,000,000 Combined total value = 22,174,200,000
Strike 1240 has a total call value of 1,968,600,000 versus a total put value of 15,912,600,000 Combined total value = 17,881,200,000
Strike 1260 has a total call value of 3,254,400,000 versus a total put value of 11,577,600,000 Combined total value = 14,832,000,000
Strike 1280 has a total call value of 5,884,200,000 versus a total put value of 8,439,600,000 Combined total value = 14,323,800,000
Strike 1300 has a total call value of 10,331,400,000 versus a total put value of 6,016,200,000 Combined total value = 16,347,600,000
Strike 1320 has a total call value of 18,406,200,000 versus a total put value of 4,588,200,000 Combined total value = 22,994,400,000
Strike 1340 has a total call value of 28,245,000,000 versus a total put value of 3,486,000,000 Combined total value = 31,731,000,000
Strike 1360 has a total call value of 39,585,000,000 versus a total put value of 2,578,800,000 Combined total value = 42,163,800,000
Strike 1380 has a total call value of 52,324,200,000 versus a total put value of 1,930,200,000 Combined total value = 54,254,400,000
Strike 1400 has a total call value of 66,085,800,000 versus a total put value of 1,281,600,000 Combined total value = 67,367,400,000
Strike 1420 has a total call value of 82,938,000,000 versus a total put value of 1,094,400,000 Combined total value = 84,032,400,000
Strike 1440 has a total call value of 100,100,400,000 versus a total put value of 907,200,000 Combined total value = 101,007,600,000
Strike 1460 has a total call value of 117,628,800,000 versus a total put value of 720,000,000 Combined total value = 118,348,800,000
Strike 1480 has a total call value of 135,438,600,000 versus a total put value of 532,800,000 Combined total value = 135,971,400,000
Strike 1500 has a total call value of 153,418,200,000 versus a total put value of 365,400,000 Combined total value = 153,783,600,000
Strike 1520 has a total call value of 172,605,600,000 versus a total put value of 310,800,000 Combined total value = 172,916,400,000
Strike 1540 has a total call value of 191,927,400,000 versus a total put value of 256,200,000 Combined total value = 192,183,600,000
Strike 1560 has a total call value of 211,340,400,000 versus a total put value of 201,600,000 Combined total value = 211,542,000,000
Strike 1580 has a total call value of 230,825,400,000 versus a total put value of 151,200,000 Combined total value = 230,976,600,000
Strike 1600 has a total call value of 250,310,400,000 versus a total put value of 100,800,000 Combined total value = 250,411,200,000
Strike 1620 has a total call value of 270,100,200,000 versus a total put value of 50,400,000 Combined total value = 270,150,600,000
Strike 1640 has a total call value of 289,890,000,000 versus a total put value of 0 Combined total value = 289,890,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 467.8 | 460 |
| ABB | 5965 | 5800 |
| ABCAPITAL | 222.88 | 215 |
| ABFRL | 88.7 | 90 |
| ACC | 1952.1 | 1960 |
| ADANIENSOL | 876.5 | 880 |
| ADANIENT | 2531.2 | 2500 |
| ADANIGREEN | 988.4 | 960 |
| ADANIPORTS | 1393.8 | 1340 |
| ALKEM | 5292.5 | 5300 |
| AMBUJACEM | 572.65 | 570 |
| ANGELONE | 3085 | 2800 |
| APLAPOLLO | 1831.7 | 1700 |
| APOLLOHOSP | 7065.5 | 7000 |
| APOLLOTYRE | 493.65 | 485 |
| ASHOKLEY | 239.55 | 235 |
| ASIANPAINT | 2313.8 | 2340 |
| ASTRAL | 1457.6 | 1400 |
| ATGL | 661.7 | 650 |
| AUBANK | 696.25 | 675 |
| AUROPHARMA | 1187.3 | 1220 |
| AXISBANK | 1207.9 | 1190 |
| BAJAJ-AUTO | 8748.5 | 8600 |
| BAJAJFINSV | 2043 | 2020 |
| BAJFINANCE | 9265.5 | 9100 |
| BALKRISIND | 2654 | 2680 |
| BANDHANBNK | 165.14 | 167.5 |
| BANKBARODA | 243.15 | 240 |
| BANKINDIA | 116.91 | 115 |
| BEL | 383.95 | 370 |
| BHARATFORG | 1242.4 | 1200 |
| BHARTIARTL | 1838.4 | 1840 |
| BHEL | 253.98 | 250 |
| BIOCON | 331.15 | 335 |
| BOSCHLTD | 32085 | 31000 |
| BPCL | 318.4 | 310 |
| BRITANNIA | 5475.5 | 5450 |
| BSE | 2451.5 | 2333.35 |
| BSOFT | 425.5 | 420 |
| CAMS | 3890.3 | 3800 |
| CANBK | 107.54 | 105 |
| CDSL | 1461.9 | 1400 |
| CESC | 170.34 | 165 |
| CGPOWER | 697.3 | 670 |
| CHAMBLFERT | 590.6 | 610 |
| CHOLAFIN | 1622.4 | 1600 |
| CIPLA | 1484.5 | 1500 |
| COALINDIA | 401.4 | 400 |
| COFORGE | 8385.5 | 7800 |
| COLPAL | 2473.9 | 2500 |
| CONCOR | 714 | 720 |
| CROMPTON | 351 | 345 |
| CUMMINSIND | 2929.3 | 2950 |
| CYIENT | 1322.9 | 1240 |
| DABUR | 482 | 480 |
| DALBHARAT | 2147.9 | 2020 |
| DEEPAKNTR | 2072.5 | 2080 |
| DELHIVERY | 355.2 | 340 |
| DIVISLAB | 6486 | 6400 |
| DIXON | 15081 | 15500 |
| DLF | 773.3 | 750 |
| DMART | 4115.7 | 4100 |
| DRREDDY | 1227.1 | 1200 |
| EICHERMOT | 5402.5 | 5400 |
| ESCORTS | 3545.2 | 3400 |
| ETERNAL | 239.54 | 235 |
| EXIDEIND | 383.4 | 380 |
| FEDERALBNK | 202.81 | 197.5 |
| GAIL | 191.27 | 190 |
| GLENMARK | 1413.5 | 1420 |
| GMRAIRPORT | 87.03 | 88 |
| GODREJCP | 1276.7 | 1270 |
| GODREJPROP | 2168 | 2200 |
| GRANULES | 515.25 | 500 |
| GRASIM | 2677 | 2700 |
| HAL | 4978.8 | 4900 |
| HAVELLS | 1581.8 | 1600 |
| HCLTECH | 1650.7 | 1600 |
| HDFCAMC | 4802 | 4700 |
| HDFCBANK | 1930.9 | 1920 |
| HDFCLIFE | 776.15 | 745 |
| HEROMOTOCO | 4311 | 4100 |
| HFCL | 86.5 | 85 |
| HINDALCO | 654.2 | 650 |
| HINDCOPPER | 235.13 | 230 |
| HINDPETRO | 408.25 | 400 |
| HINDUNILVR | 2350.4 | 2360 |
| HINDZINC | 447.4 | 440 |
| HUDCO | 227.53 | 225 |
| ICICIBANK | 1448 | 1440 |
| ICICIGI | 1903.4 | 1880 |
| ICICIPRULI | 638.5 | 620 |
| IDEA | 6.79 | 7 |
| IDFCFIRSTB | 67.04 | 67 |
| IEX | 195.11 | 195 |
| IGL | 204.79 | 200 |
| IIFL | 413.45 | 400 |
| INDHOTEL | 771.2 | 770 |
| INDIANB | 590.5 | 590 |
| INDIGO | 5522 | 5450 |
| INDUSINDBK | 787.5 | 800 |
| INDUSTOWER | 381.95 | 390 |
| INFY | 1572.2 | 1540 |
| INOXWIND | 185.9 | 180 |
| IOC | 144.31 | 143 |
| IRB | 51.03 | 50 |
| IRCTC | 785.15 | 790 |
| IREDA | 171.84 | 170 |
| IRFC | 136.93 | 132.5 |
| ITC | 436.3 | 430 |
| JINDALSTEL | 954.75 | 940 |
| JIOFIN | 282 | 270 |
| JSL | 649.45 | 640 |
| JSWENERGY | 499.55 | 490 |
| JSWSTEEL | 1012.6 | 1000 |
| JUBLFOOD | 666.1 | 680 |
| KALYANKJIL | 553.85 | 540 |
| KEI | 3430.9 | 3350 |
| KOTAKBANK | 2103.7 | 2100 |
| KPITTECH | 1337.1 | 1300 |
| LAURUSLABS | 593.05 | 600 |
| LICHSGFIN | 598.05 | 600 |
| LICI | 857.9 | 840 |
| LODHA | 1413.8 | 1360 |
| LT | 3601.3 | 3500 |
| LTF | 173.6 | 170 |
| LTIM | 5056.6 | 4900 |
| LUPIN | 1972 | 2000 |
| M&M | 3002.9 | 3000 |
| M&MFIN | 256.05 | 255 |
| MANAPPURAM | 230.97 | 230 |
| MARICO | 700.6 | 710 |
| MARUTI | 12450 | 12200 |
| MAXHEALTH | 1171.4 | 1140 |
| MCX | 6516 | 6300 |
| MFSL | 1464.3 | 1400 |
| MGL | 1348.9 | 1360 |
| MOTHERSON | 148.14 | 145 |
| MPHASIS | 2546 | 2540 |
| MRF | 143465 | 141000 |
| MUTHOOTFIN | 2090.2 | 2100 |
| NATIONALUM | 184.12 | 180 |
| NAUKRI | 1484.5 | 1440 |
| NBCC | 112.51 | 110 |
| NCC | 234.8 | 230 |
| NESTLEIND | 2401.5 | 2380 |
| NHPC | 85.93 | 86 |
| NMDC | 72.39 | 70 |
| NTPC | 343.55 | 345 |
| NYKAA | 202.9 | 200 |
| OBEROIRLTY | 1744.3 | 1700 |
| OFSS | 8371 | 8435 |
| OIL | 428.5 | 410 |
| ONGC | 243.72 | 240 |
| PAGEIND | 47685 | 47000 |
| PATANJALI | 1701 | 1760 |
| PAYTM | 844.4 | 840 |
| PEL | 1093.9 | 1100 |
| PERSISTENT | 5675.5 | 5600 |
| PETRONET | 319.3 | 320 |
| PFC | 405.25 | 420 |
| PHOENIXLTD | 1593.8 | 1600 |
| PIDILITIND | 3018.1 | 3020 |
| PIIND | 3685 | 3700 |
| PNB | 100.48 | 100 |
| PNBHOUSING | 1047.5 | 1060 |
| POLICYBZR | 1770.3 | 1700 |
| POLYCAB | 5876 | 5900 |
| POONAWALLA | 399.8 | 390 |
| POWERGRID | 297.7 | 300 |
| PRESTIGE | 1429.8 | 1400 |
| RAMCOCEM | 1004.2 | 990 |
| RBLBANK | 209.63 | 207.5 |
| RECLTD | 401.3 | 410 |
| RELIANCE | 1426.2 | 1390 |
| SAIL | 125.89 | 122.5 |
| SBICARD | 899.3 | 890 |
| SBILIFE | 1801.5 | 1760 |
| SBIN | 791.35 | 790 |
| SHREECEM | 31640 | 31000 |
| SHRIRAMFIN | 658.6 | 640 |
| SIEMENS | 3271 | 3100 |
| SJVN | 100.38 | 100 |
| SOLARINDS | 15103 | 14500 |
| SONACOMS | 536.85 | 510 |
| SRF | 2896.4 | 2950 |
| SUNPHARMA | 1672.8 | 1680 |
| SUPREMEIND | 3874.5 | 3800 |
| SYNGENE | 635 | 640 |
| TATACHEM | 880.55 | 860 |
| TATACOMM | 1677.3 | 1620 |
| TATACONSUM | 1143.8 | 1140 |
| TATAELXSI | 6286.5 | 6000 |
| TATAMOTORS | 718.1 | 700 |
| TATAPOWER | 401.25 | 400 |
| TATASTEEL | 162.52 | 155 |
| TATATECH | 767.6 | 720 |
| TCS | 3514.3 | 3500 |
| TECHM | 1584.6 | 1540 |
| TIINDIA | 3028 | 3000 |
| TITAGARH | 894.65 | 880 |
| TITAN | 3583.4 | 3500 |
| TORNTPHARM | 3168.7 | 3250 |
| TORNTPOWER | 1399.4 | 1420 |
| TRENT | 5446 | 5400 |
| TVSMOTOR | 2785 | 2780 |
| ULTRACEMCO | 11760 | 11800 |
| UNIONBANK | 141.01 | 135 |
| UNITDSPR | 1583 | 1560 |
| UPL | 629.75 | 650 |
| VBL | 489.45 | 490 |
| VEDL | 440.3 | 440 |
| VOLTAS | 1267.7 | 1280 |
| WIPRO | 248.44 | 247.5 |
| YESBANK | 21.15 | 20 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 907.85 | 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.
