VOLTAS
Voltas Ltd
Max pain for VOLTAS
24 Apr 2025 01:12 PM IST
Max Pain for VOLTAS is 1320
Strike 1040 has a total call value of 0 versus a total put value of 78,048,000,000 Combined total value = 78,048,000,000
Strike 1060 has a total call value of 0 versus a total put value of 72,085,200,000 Combined total value = 72,085,200,000
Strike 1080 has a total call value of 0 versus a total put value of 66,122,400,000 Combined total value = 66,122,400,000
Strike 1100 has a total call value of 0 versus a total put value of 60,159,600,000 Combined total value = 60,159,600,000
Strike 1120 has a total call value of 0 versus a total put value of 54,222,000,000 Combined total value = 54,222,000,000
Strike 1140 has a total call value of 0 versus a total put value of 48,408,000,000 Combined total value = 48,408,000,000
Strike 1160 has a total call value of 0 versus a total put value of 42,594,000,000 Combined total value = 42,594,000,000
Strike 1180 has a total call value of 0 versus a total put value of 37,015,800,000 Combined total value = 37,015,800,000
Strike 1200 has a total call value of 0 versus a total put value of 31,620,600,000 Combined total value = 31,620,600,000
Strike 1220 has a total call value of 0 versus a total put value of 26,875,800,000 Combined total value = 26,875,800,000
Strike 1240 has a total call value of 0 versus a total put value of 22,806,000,000 Combined total value = 22,806,000,000
Strike 1260 has a total call value of 64,200,000 versus a total put value of 19,310,400,000 Combined total value = 19,374,600,000
Strike 1280 has a total call value of 235,200,000 versus a total put value of 16,093,800,000 Combined total value = 16,329,000,000
Strike 1300 has a total call value of 999,000,000 versus a total put value of 13,516,800,000 Combined total value = 14,515,800,000
Strike 1320 has a total call value of 2,710,200,000 versus a total put value of 11,238,000,000 Combined total value = 13,948,200,000
Strike 1340 has a total call value of 4,897,200,000 versus a total put value of 9,139,800,000 Combined total value = 14,037,000,000
Strike 1360 has a total call value of 7,731,000,000 versus a total put value of 7,309,200,000 Combined total value = 15,040,200,000
Strike 1380 has a total call value of 11,919,000,000 versus a total put value of 5,687,400,000 Combined total value = 17,606,400,000
Strike 1400 has a total call value of 16,876,800,000 versus a total put value of 4,305,600,000 Combined total value = 21,182,400,000
Strike 1420 has a total call value of 23,044,800,000 versus a total put value of 3,151,800,000 Combined total value = 26,196,600,000
Strike 1440 has a total call value of 30,119,400,000 versus a total put value of 2,167,200,000 Combined total value = 32,286,600,000
Strike 1460 has a total call value of 38,174,400,000 versus a total put value of 1,500,600,000 Combined total value = 39,675,000,000
Strike 1480 has a total call value of 46,887,600,000 versus a total put value of 1,029,000,000 Combined total value = 47,916,600,000
Strike 1500 has a total call value of 56,053,800,000 versus a total put value of 658,200,000 Combined total value = 56,712,000,000
Strike 1520 has a total call value of 66,651,000,000 versus a total put value of 519,000,000 Combined total value = 67,170,000,000
Strike 1540 has a total call value of 77,523,000,000 versus a total put value of 416,400,000 Combined total value = 77,939,400,000
Strike 1560 has a total call value of 88,687,800,000 versus a total put value of 313,800,000 Combined total value = 89,001,600,000
Strike 1580 has a total call value of 100,132,200,000 versus a total put value of 228,000,000 Combined total value = 100,360,200,000
Strike 1600 has a total call value of 111,732,600,000 versus a total put value of 151,200,000 Combined total value = 111,883,800,000
Strike 1620 has a total call value of 123,899,400,000 versus a total put value of 126,000,000 Combined total value = 124,025,400,000
Strike 1640 has a total call value of 136,114,200,000 versus a total put value of 100,800,000 Combined total value = 136,215,000,000
Strike 1660 has a total call value of 148,386,600,000 versus a total put value of 75,600,000 Combined total value = 148,462,200,000
Strike 1680 has a total call value of 160,711,200,000 versus a total put value of 51,600,000 Combined total value = 160,762,800,000
Strike 1700 has a total call value of 173,193,000,000 versus a total put value of 32,400,000 Combined total value = 173,225,400,000
Strike 1720 has a total call value of 185,674,800,000 versus a total put value of 13,200,000 Combined total value = 185,688,000,000
Strike 1740 has a total call value of 198,255,000,000 versus a total put value of 6,600,000 Combined total value = 198,261,600,000
Strike 1760 has a total call value of 210,835,200,000 versus a total put value of 0 Combined total value = 210,835,200,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 446.1 | 400 |
| ABB | 5703 | 5500 |
| ABCAPITAL | 204.15 | 190 |
| ABFRL | 271.7 | 270 |
| ACC | 2091 | 2060 |
| ADANIENSOL | 943 | 880 |
| ADANIENT | 2430.2 | 2400 |
| ADANIGREEN | 950 | 940 |
| ADANIPORTS | 1236.9 | 1200 |
| ALKEM | 5186.7 | 5000 |
| AMBUJACEM | 570.3 | 570 |
| ANGELONE | 2502.1 | 2300 |
| APLAPOLLO | 1629.7 | 1560 |
| APOLLOHOSP | 7106.5 | 6700 |
| APOLLOTYRE | 461.55 | 445 |
| ASHOKLEY | 230.93 | 215 |
| ASIANPAINT | 2457.5 | 2380 |
| ASTRAL | 1382.9 | 1300 |
| ATGL | 624.35 | 600 |
| AUBANK | 682.7 | 600 |
| AUROPHARMA | 1276.3 | 1160 |
| AXISBANK | 1210.1 | 1110 |
| BAJAJ-AUTO | 8220.5 | 8000 |
| BAJAJFINSV | 2093.6 | 1980 |
| BAJFINANCE | 9298.5 | 9000 |
| BALKRISIND | 2559.7 | 2500 |
| BANDHANBNK | 171.2 | 157.5 |
| BANKBARODA | 253.1 | 237.5 |
| BANKINDIA | 118.77 | 116 |
| BEL | 304.35 | 295 |
| BERGEPAINT | 585.85 | 560 |
| BHARATFORG | 1104.4 | 1060 |
| BHARTIARTL | 1850.1 | 1780 |
| BHEL | 229.45 | 220 |
| BIOCON | 326.75 | 335 |
| BOSCHLTD | 28335 | 28000 |
| BPCL | 301.45 | 290 |
| BRITANNIA | 5444 | 5200 |
| BSE | 6535 | 5700 |
| BSOFT | 399.3 | 390 |
| CAMS | 4055 | 3800 |
| CANBK | 99.81 | 97 |
| CDSL | 1374.9 | 1240 |
| CESC | 157.94 | 155 |
| CGPOWER | 649.6 | 610 |
| CHAMBLFERT | 692.35 | 640 |
| CHOLAFIN | 1539.2 | 1540 |
| CIPLA | 1547.8 | 1500 |
| COALINDIA | 400.35 | 400 |
| COFORGE | 7418 | 7000 |
| COLPAL | 2712.6 | 2560 |
| CONCOR | 708.2 | 700 |
| CROMPTON | 340.1 | 350 |
| CUMMINSIND | 2912.4 | 2950 |
| CYIENT | 1247.8 | 1220 |
| DABUR | 490.6 | 480 |
| DALBHARAT | 1963.9 | 1880 |
| DEEPAKNTR | 2015 | 1950 |
| DELHIVERY | 300.85 | 270 |
| DIVISLAB | 6240 | 5850 |
| DIXON | 16594 | 15000 |
| DLF | 680.4 | 670 |
| DMART | 4485.9 | 4200 |
| DRREDDY | 1193.9 | 1150 |
| EICHERMOT | 5667 | 5500 |
| ESCORTS | 3374 | 3300 |
| ETERNAL | 240.06 | 220 |
| EXIDEIND | 383.05 | 375 |
| FEDERALBNK | 204.29 | 195 |
| GAIL | 193.2 | 185 |
| GLENMARK | 1418 | 1420 |
| GMRAIRPORT | 88.73 | 82 |
| GODREJCP | 1254.2 | 1190 |
| GODREJPROP | 2151.1 | 2100 |
| GOLDM | 95575 | 95000 |
| GRANULES | 484.35 | 460 |
| GRASIM | 2726.8 | 2600 |
| HAL | 4306.3 | 4200 |
| HAVELLS | 1591.3 | 1580 |
| HCLTECH | 1588.5 | 1500 |
| HDFCAMC | 4590 | 4300 |
| HDFCBANK | 1918.6 | 1840 |
| HDFCLIFE | 711.9 | 695 |
| HEROMOTOCO | 3943.6 | 3800 |
| HFCL | 85.83 | 82 |
| HINDALCO | 628.75 | 630 |
| HINDCOPPER | 224.64 | 220 |
| HINDPETRO | 389 | 370 |
| HINDUNILVR | 2334 | 2300 |
| HINDZINC | 459.8 | 440 |
| HUDCO | 229.91 | 220 |
| ICICIBANK | 1406.4 | 1340 |
| ICICIGI | 1876.8 | 1800 |
| ICICIPRULI | 601.5 | 580 |
| IDEA | 8 | 7 |
| IDFCFIRSTB | 67.98 | 63 |
| IEX | 191.82 | 185 |
| IGL | 185.6 | 182.5 |
| IIFL | 372.8 | 340 |
| INDHOTEL | 811 | 820 |
| INDIANB | 575.3 | 560 |
| INDIGO | 5518.5 | 5250 |
| INDUSINDBK | 822.55 | 750 |
| INDUSTOWER | 402.25 | 375 |
| INFY | 1472.2 | 1460 |
| INOXWIND | 178.09 | 160 |
| IOC | 138.05 | 135 |
| IRB | 48.96 | 45 |
| IRCTC | 776.5 | 740 |
| IREDA | 178.77 | 160 |
| IRFC | 135.05 | 127.5 |
| ITC | 432.65 | 415 |
| JINDALSTEL | 906.4 | 900 |
| JIOFIN | 258.81 | 240 |
| JSL | 577 | 570 |
| JSWENERGY | 504.3 | 510 |
| JSWSTEEL | 1038.6 | 1020 |
| JUBLFOOD | 705.65 | 680 |
| KALYANKJIL | 532.1 | 510 |
| KEI | 2981.4 | 2800 |
| KOTAKBANK | 2225.1 | 2120 |
| KPITTECH | 1223 | 1180 |
| LAURUSLABS | 633.2 | 620 |
| LICHSGFIN | 615.4 | 580 |
| LICI | 816.35 | 800 |
| LODHA | 1318.2 | 1200 |
| LT | 3301.9 | 3300 |
| LTF | 179.36 | 160 |
| LTIM | 4510 | 4350 |
| LUPIN | 2103.3 | 2040 |
| M&M | 2875 | 2700 |
| M&MFIN | 268.95 | 270 |
| MANAPPURAM | 228.76 | 230 |
| MARICO | 716 | 690 |
| MARUTI | 11935 | 11600 |
| MAXHEALTH | 1109.1 | 1100 |
| MCX | 6242.5 | 5600 |
| MFSL | 1231.5 | 1200 |
| MGL | 1330.8 | 1300 |
| MOTHERSON | 136.05 | 130 |
| MPHASIS | 2503.8 | 2320 |
| MRF | 128370 | 123000 |
| MUTHOOTFIN | 2167.8 | 2120 |
| NATIONALUM | 162.45 | 165 |
| NAUKRI | 7190.5 | 6800 |
| NBCC | 100.05 | 94 |
| NCC | 218.2 | 212.5 |
| NESTLEIND | 2427 | 2300 |
| NHPC | 89.37 | 85 |
| NMDC | 68.3 | 67.7 |
| NTPC | 362.15 | 360 |
| NYKAA | 194.89 | 182.5 |
| OBEROIRLTY | 1676.3 | 1620 |
| OFSS | 8760.5 | 7800 |
| OIL | 402.95 | 380 |
| ONGC | 249.39 | 240 |
| PAGEIND | 45050 | 44000 |
| PATANJALI | 1941.1 | 1920 |
| PAYTM | 907.2 | 820 |
| PEL | 1013.65 | 1000 |
| PERSISTENT | 5267.5 | 5000 |
| PETRONET | 309.5 | 305 |
| PFC | 434.5 | 420 |
| PHOENIXLTD | 1666.3 | 1600 |
| PIDILITIND | 3073.9 | 2940 |
| PIIND | 3632 | 3550 |
| PNB | 103.15 | 100 |
| PNBHOUSING | 1007.05 | 960 |
| POLICYBZR | 1669.2 | 1600 |
| POLYCAB | 5554.5 | 5300 |
| POONAWALLA | 400.65 | 365 |
| POWERGRID | 314.75 | 300 |
| PRESTIGE | 1299.2 | 1220 |
| RAMCOCEM | 989.55 | 930 |
| RBLBANK | 199.12 | 182.5 |
| RECLTD | 441.9 | 430 |
| RELIANCE | 1300.4 | 1250 |
| SAIL | 118.35 | 115 |
| SBICARD | 925.55 | 870 |
| SBILIFE | 1615.8 | 1560 |
| SBIN | 816.15 | 780 |
| SHREECEM | 30670 | 30750 |
| SHRIRAMFIN | 697.8 | 670 |
| SIEMENS | 2913 | 2800 |
| SILVER | 97346 | 96000 |
| SJVN | 99.92 | 95 |
| SOLARINDS | 13024 | 12000 |
| SONACOMS | 470.7 | 450 |
| SRF | 3049.1 | 2900 |
| SUNPHARMA | 1801.5 | 1720 |
| SUPREMEIND | 3459.1 | 3450 |
| SYNGENE | 650.7 | 730 |
| TATACHEM | 863.8 | 850 |
| TATACOMM | 1588.9 | 1600 |
| TATACONSUM | 1161.2 | 1080 |
| TATAELXSI | 5875 | 5250 |
| TATAMOTORS | 662.7 | 640 |
| TATAPOWER | 397.35 | 385 |
| TATASTEEL | 141.66 | 140 |
| TATATECH | 723.5 | 660 |
| TCS | 3400.5 | 3350 |
| TECHM | 1445.9 | 1360 |
| TIINDIA | 2650.6 | 2600 |
| TITAGARH | 819.5 | 780 |
| TITAN | 3368.6 | 3160 |
| TORNTPHARM | 3314.5 | 3250 |
| TORNTPOWER | 1605.7 | 1580 |
| TRENT | 5364 | 5200 |
| TVSMOTOR | 2781.8 | 2620 |
| ULTRACEMCO | 12103 | 11600 |
| UNIONBANK | 128.05 | 125 |
| UNITDSPR | 1582.2 | 1460 |
| UPL | 681.3 | 660 |
| VBL | 536.95 | 540 |
| VEDL | 429.75 | 420 |
| VOLTAS | 1280.5 | 1320 |
| WIPRO | 243.7 | 245 |
| YESBANK | 18.49 | 17 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 879 | 870 |
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.
