ASHOKLEY
Ashok Leyland Ltd
Max pain for ASHOKLEY
25 Oct 2025 03:52 PM IST
Max Pain for ASHOKLEY is 137.5
Strike 115 has a total call value of 0 versus a total put value of 40,018,000,000 Combined total value = 40,018,000,000
Strike 116 has a total call value of 6,000,000 versus a total put value of 38,017,000,000 Combined total value = 38,023,000,000
Strike 117 has a total call value of 12,000,000 versus a total put value of 36,016,000,000 Combined total value = 36,028,000,000
Strike 117.5 has a total call value of 15,000,000 versus a total put value of 35,015,500,000 Combined total value = 35,030,500,000
Strike 118 has a total call value of 18,000,000 versus a total put value of 34,015,000,000 Combined total value = 34,033,000,000
Strike 119 has a total call value of 24,000,000 versus a total put value of 32,014,000,000 Combined total value = 32,038,000,000
Strike 120 has a total call value of 30,000,000 versus a total put value of 30,013,000,000 Combined total value = 30,043,000,000
Strike 121 has a total call value of 45,000,000 versus a total put value of 28,012,000,000 Combined total value = 28,057,000,000
Strike 122 has a total call value of 60,000,000 versus a total put value of 26,011,000,000 Combined total value = 26,071,000,000
Strike 122.5 has a total call value of 67,500,000 versus a total put value of 25,010,500,000 Combined total value = 25,078,000,000
Strike 123 has a total call value of 75,000,000 versus a total put value of 24,010,000,000 Combined total value = 24,085,000,000
Strike 124 has a total call value of 90,000,000 versus a total put value of 22,009,000,000 Combined total value = 22,099,000,000
Strike 125 has a total call value of 105,000,000 versus a total put value of 20,008,000,000 Combined total value = 20,113,000,000
Strike 126 has a total call value of 139,000,000 versus a total put value of 18,117,000,000 Combined total value = 18,256,000,000
Strike 127 has a total call value of 173,000,000 versus a total put value of 16,244,000,000 Combined total value = 16,417,000,000
Strike 127.5 has a total call value of 190,000,000 versus a total put value of 15,326,500,000 Combined total value = 15,516,500,000
Strike 128 has a total call value of 207,000,000 versus a total put value of 14,436,000,000 Combined total value = 14,643,000,000
Strike 129 has a total call value of 241,000,000 versus a total put value of 12,694,500,000 Combined total value = 12,935,500,000
Strike 130 has a total call value of 275,000,000 versus a total put value of 10,953,000,000 Combined total value = 11,228,000,000
Strike 131 has a total call value of 360,500,000 versus a total put value of 9,488,500,000 Combined total value = 9,849,000,000
Strike 132 has a total call value of 471,500,000 versus a total put value of 8,097,000,000 Combined total value = 8,568,500,000
Strike 132.5 has a total call value of 536,000,000 versus a total put value of 7,425,500,000 Combined total value = 7,961,500,000
Strike 133 has a total call value of 608,250,000 versus a total put value of 6,790,500,000 Combined total value = 7,398,750,000
Strike 134 has a total call value of 752,750,000 versus a total put value of 5,587,000,000 Combined total value = 6,339,750,000
Strike 135 has a total call value of 914,250,000 versus a total put value of 4,419,000,000 Combined total value = 5,333,250,000
Strike 136 has a total call value of 1,207,250,000 versus a total put value of 3,549,500,000 Combined total value = 4,756,750,000
Strike 137 has a total call value of 1,541,750,000 versus a total put value of 2,735,500,000 Combined total value = 4,277,250,000
Strike 137.5 has a total call value of 1,750,500,000 versus a total put value of 2,353,000,000 Combined total value = 4,103,500,000
Strike 138 has a total call value of 2,056,500,000 versus a total put value of 2,101,500,000 Combined total value = 4,158,000,000
Strike 139 has a total call value of 2,792,500,000 versus a total put value of 1,642,500,000 Combined total value = 4,435,000,000
Strike 140 has a total call value of 3,625,500,000 versus a total put value of 1,219,500,000 Combined total value = 4,845,000,000
Strike 141 has a total call value of 5,558,500,000 versus a total put value of 998,000,000 Combined total value = 6,556,500,000
Strike 142 has a total call value of 7,635,500,000 versus a total put value of 795,000,000 Combined total value = 8,430,500,000
Strike 142.5 has a total call value of 8,799,750,000 versus a total put value of 701,000,000 Combined total value = 9,500,750,000
Strike 143 has a total call value of 10,102,000,000 versus a total put value of 631,500,000 Combined total value = 10,733,500,000
Strike 144 has a total call value of 12,785,000,000 versus a total put value of 502,000,000 Combined total value = 13,287,000,000
Strike 145 has a total call value of 15,535,500,000 versus a total put value of 372,500,000 Combined total value = 15,908,000,000
Strike 146 has a total call value of 19,070,500,000 versus a total put value of 298,000,000 Combined total value = 19,368,500,000
Strike 147 has a total call value of 22,687,000,000 versus a total put value of 223,500,000 Combined total value = 22,910,500,000
Strike 147.5 has a total call value of 24,527,250,000 versus a total put value of 186,250,000 Combined total value = 24,713,500,000
Strike 148 has a total call value of 26,462,500,000 versus a total put value of 149,000,000 Combined total value = 26,611,500,000
Strike 149 has a total call value of 30,417,500,000 versus a total put value of 74,500,000 Combined total value = 30,492,000,000
Strike 150 has a total call value of 34,399,500,000 versus a total put value of 0 Combined total value = 34,399,500,000
Strike 151 has a total call value of 39,010,500,000 versus a total put value of 0 Combined total value = 39,010,500,000
Strike 152 has a total call value of 43,660,500,000 versus a total put value of 0 Combined total value = 43,660,500,000
Strike 152.5 has a total call value of 45,997,250,000 versus a total put value of 0 Combined total value = 45,997,250,000
Strike 153 has a total call value of 48,369,000,000 versus a total put value of 0 Combined total value = 48,369,000,000
Strike 154 has a total call value of 53,166,000,000 versus a total put value of 0 Combined total value = 53,166,000,000
Strike 155 has a total call value of 58,008,500,000 versus a total put value of 0 Combined total value = 58,008,500,000
Strike 156 has a total call value of 63,039,000,000 versus a total put value of 0 Combined total value = 63,039,000,000
Strike 157 has a total call value of 68,110,000,000 versus a total put value of 0 Combined total value = 68,110,000,000
Strike 157.5 has a total call value of 70,645,500,000 versus a total put value of 0 Combined total value = 70,645,500,000
Strike 158 has a total call value of 73,202,000,000 versus a total put value of 0 Combined total value = 73,202,000,000
Strike 159 has a total call value of 78,315,000,000 versus a total put value of 0 Combined total value = 78,315,000,000
Strike 160 has a total call value of 83,428,000,000 versus a total put value of 0 Combined total value = 83,428,000,000
Strike 161 has a total call value of 89,148,000,000 versus a total put value of 0 Combined total value = 89,148,000,000
Strike 162 has a total call value of 94,868,000,000 versus a total put value of 0 Combined total value = 94,868,000,000
Strike 162.5 has a total call value of 97,728,000,000 versus a total put value of 0 Combined total value = 97,728,000,000
Strike 163 has a total call value of 100,588,000,000 versus a total put value of 0 Combined total value = 100,588,000,000
Strike 164 has a total call value of 106,308,000,000 versus a total put value of 0 Combined total value = 106,308,000,000
Strike 165 has a total call value of 112,028,000,000 versus a total put value of 0 Combined total value = 112,028,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1001.8 | 1140 |
| ABB | 5173.4 | 5200 |
| ABCAPITAL | 278.9 | 300 |
| ADANIENSOL | 879.2 | 930 |
| ADANIENT | 2543.7 | 2560 |
| ADANIGREEN | 1047.4 | 1060 |
| ADANIPORTS | 1392 | 1440 |
| ALKEM | 5433 | 5550 |
| AMBER | 8162.5 | 8200 |
| AMBUJACEM | 565.2 | 580 |
| ANGELONE | 2136.4 | 2400 |
| APLAPOLLO | 1660.1 | 1720 |
| APOLLOHOSP | 7510 | 7800 |
| ASHOKLEY | 141.93 | 137.5 |
| ASIANPAINT | 2342.8 | 2440 |
| ASTRAL | 1373.8 | 1440 |
| AUBANK | 743.2 | 840 |
| AUROPHARMA | 1090 | 1100 |
| AXISBANK | 1154 | 1190 |
| BAJAJ-AUTO | 8702 | 9000 |
| BAJAJFINSV | 2003.2 | 2080 |
| BAJFINANCE | 985.1 | 1050 |
| BANDHANBNK | 155.02 | 165 |
| BANKBARODA | 248.45 | 260 |
| BANKINDIA | 116.33 | 130 |
| BDL | 1497.8 | 1550 |
| BEL | 395.9 | 410 |
| BHARATFORG | 1181.1 | 1260 |
| BHARTIARTL | 1916.6 | 1960 |
| BHEL | 231.01 | 237.5 |
| BIOCON | 338.9 | 360 |
| BLUESTARCO | 1890.1 | 1960 |
| BOSCHLTD | 38150 | 39000 |
| BPCL | 324.35 | 335 |
| BRITANNIA | 5920.5 | 6000 |
| BSE | 2043.2 | 2400 |
| CAMS | 3800 | 3900 |
| CANBK | 118.08 | 125 |
| CDSL | 1467.7 | 1580 |
| CGPOWER | 739.4 | 750 |
| CHOLAFIN | 1569.9 | 1660 |
| CIPLA | 1499.4 | 1590 |
| COALINDIA | 389.15 | 390 |
| COFORGE | 1538.5 | 1700 |
| COLPAL | 2224.3 | 2260 |
| CONCOR | 524.8 | 540 |
| CROMPTON | 292.6 | 300 |
| CUMMINSIND | 3947.6 | 4100 |
| CYIENT | 1134.1 | 1180 |
| DABUR | 499.75 | 500 |
| DALBHARAT | 2215.4 | 2140 |
| DELHIVERY | 445.7 | 465 |
| DIVISLAB | 5689.5 | 6400 |
| DIXON | 17511 | 16000 |
| DLF | 716.05 | 760 |
| DMART | 4517.8 | 4300 |
| DRREDDY | 1253.1 | 1270 |
| EICHERMOT | 7047 | 6900 |
| ETERNAL | 321 | 330 |
| EXIDEIND | 388.8 | 400 |
| FEDERALBNK | 191.82 | 220 |
| FORTIS | 932.75 | 1040 |
| GAIL | 172.02 | 180 |
| GLENMARK | 1971.7 | 1900 |
| GMRAIRPORT | 87.28 | 91 |
| GODREJCP | 1163.9 | 1140 |
| GODREJPROP | 1957.6 | 2200 |
| GRASIM | 2746.8 | 2820 |
| HAL | 4736.1 | 4800 |
| HAVELLS | 1507.4 | 1500 |
| HCLTECH | 1395.3 | 1500 |
| HDFCAMC | 5621 | 5650 |
| HDFCBANK | 945.05 | 990 |
| HDFCLIFE | 764.4 | 750 |
| HEROMOTOCO | 5328 | 5550 |
| HFCL | 72.1 | 75 |
| HINDALCO | 743.85 | 800 |
| HINDPETRO | 422.25 | 440 |
| HINDUNILVR | 2511.8 | 2540 |
| HINDZINC | 449.1 | 490 |
| HUDCO | 220.05 | 230 |
| ICICIBANK | 1359.6 | 1390 |
| ICICIGI | 1894 | 1960 |
| ICICIPRULI | 585.5 | 600 |
| IDEA | 8.02 | 9 |
| IDFCFIRSTB | 68.59 | 75 |
| IEX | 137.76 | 142.5 |
| IGL | 202.26 | 215 |
| IIFL | 419.35 | 480 |
| INDHOTEL | 709.8 | 740 |
| INDIANB | 706.35 | 800 |
| INDIGO | 5561 | 5750 |
| INDUSINDBK | 712.75 | 750 |
| INDUSTOWER | 346.3 | 355 |
| INFY | 1448.9 | 1480 |
| INOXWIND | 137.46 | 150 |
| IOC | 145.04 | 152 |
| IRCTC | 703.1 | 720 |
| IREDA | 146.28 | 155 |
| IRFC | 121.91 | 125 |
| ITC | 405.1 | 410 |
| JINDALSTEL | 1029.5 | 1030 |
| JIOFIN | 295.85 | 310 |
| JSWENERGY | 520.1 | 530 |
| JSWSTEEL | 1130.8 | 1150 |
| JUBLFOOD | 606.9 | 600 |
| KALYANKJIL | 455.8 | 490 |
| KAYNES | 7341 | 7000 |
| KEI | 4049.3 | 4200 |
| KFINTECH | 1070.8 | 1140 |
| KOTAKBANK | 1994.8 | 2140 |
| KPITTECH | 1212.8 | 1180 |
| LAURUSLABS | 832.3 | 900 |
| LICHSGFIN | 564.95 | 580 |
| LICI | 872.45 | 900 |
| LODHA | 1141.1 | 1160 |
| LT | 3729.5 | 3800 |
| LTF | 236.29 | 262.5 |
| LTIM | 5075 | 5550 |
| LUPIN | 1919.8 | 1960 |
| M&M | 3396.5 | 3550 |
| MANAPPURAM | 276.9 | 285 |
| MANKIND | 2482.9 | 2450 |
| MARICO | 698.35 | 720 |
| MARUTI | 16286 | 16100 |
| MAXHEALTH | 1123.4 | 1180 |
| MAZDOCK | 2827.6 | 2850 |
| MCX | 7920.5 | 9000 |
| MFSL | 1545.6 | 1560 |
| MOTHERSON | 105.66 | 106 |
| MPHASIS | 2642.4 | 2800 |
| MUTHOOTFIN | 3020.3 | 3200 |
| NATIONALUM | 200.58 | 230 |
| NAUKRI | 1316.2 | 1380 |
| NBCC | 105.18 | 111 |
| NCC | 202.51 | 210 |
| NESTLEIND | 1162.6 | 1230 |
| NHPC | 83.64 | 86 |
| NMDC | 74.99 | 76 |
| NTPC | 337.9 | 340 |
| NUVAMA | 6115 | 7000 |
| NYKAA | 230.62 | 255 |
| OBEROIRLTY | 1577.7 | 1660 |
| OFSS | 8515 | 8700 |
| OIL | 410.25 | 420 |
| ONGC | 238.02 | 250 |
| PAGEIND | 41240 | 41500 |
| PATANJALI | 589 | 590 |
| PAYTM | 1125.2 | 1260 |
| PERSISTENT | 4951 | 5600 |
| PETRONET | 266.9 | 285 |
| PFC | 397.3 | 410 |
| PGEL | 514.65 | 560 |
| PHOENIXLTD | 1540.4 | 1660 |
| PIDILITIND | 1474.8 | 1510 |
| PIIND | 3487.6 | 3600 |
| PNB | 107.79 | 117 |
| PNBHOUSING | 864.1 | 890 |
| POLICYBZR | 1677.1 | 1700 |
| POLYCAB | 7322.5 | 7500 |
| POWERGRID | 282.25 | 290 |
| POWERINDIA | 0 | 17250 |
| PPLPHARMA | 187.73 | 200 |
| PRESTIGE | 1507.4 | 1680 |
| RBLBANK | 272.35 | 295 |
| RECLTD | 367.4 | 380 |
| RELIANCE | 1377.6 | 1420 |
| RVNL | 337.8 | 340 |
| SAIL | 131.02 | 132 |
| SAMMAANCAP | 137.82 | 170 |
| SBICARD | 873.85 | 920 |
| SBILIFE | 1798.8 | 1800 |
| SBIN | 856.95 | 885 |
| SHREECEM | 28910 | 29000 |
| SHRIRAMFIN | 606.05 | 680 |
| SIEMENS | 3096.3 | 3150 |
| SILVER | 0 | 150000 |
| SILVERM | 142014 | 150000 |
| SOLARINDS | 13766 | 14000 |
| SONACOMS | 407.1 | 460 |
| SRF | 2806.9 | 3100 |
| SUNPHARMA | 1586.7 | 1680 |
| SUPREMEIND | 4234.2 | 4150 |
| SUZLON | 55.28 | 55 |
| SYNGENE | 609.45 | 640 |
| TATACONSUM | 1119 | 1150 |
| TATAELXSI | 5303 | 5400 |
| TATAMOTORS | 672.9 | 360 |
| TATAPOWER | 383.8 | 400 |
| TATASTEEL | 167.4 | 175 |
| TATATECH | 667.3 | 700 |
| TCS | 2899.1 | 3020 |
| TECHM | 1407.7 | 1460 |
| TIINDIA | 3129.1 | 3200 |
| TITAGARH | 879.25 | 900 |
| TITAN | 3327.3 | 3600 |
| TMPV | 0 | 400 |
| TORNTPHARM | 3561 | 3550 |
| TORNTPOWER | 1233.3 | 1300 |
| TRENT | 4679 | 4800 |
| TVSMOTOR | 3414.4 | 3550 |
| ULTRACEMCO | 12070 | 12200 |
| UNIONBANK | 134.08 | 140 |
| UNITDSPR | 1297.4 | 1350 |
| UNOMINDA | 1268.9 | 1240 |
| UPL | 648 | 680 |
| VBL | 444.75 | 460 |
| VEDL | 447.95 | 480 |
| VOLTAS | 1340.2 | 1400 |
| WIPRO | 235.75 | 245 |
| YESBANK | 20.97 | 23 |
| ZYDUSLIFE | 975 | 1000 |
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.
