BRITANNIA
Britannia Industries Ltd
Max pain for BRITANNIA
22 Sep 2025 08:01 PM ISTNext Refresh in
Max Pain for BRITANNIA is 6100
Strike 4500 has a total call value of 0 versus a total put value of 149,011,250,000 Combined total value = 149,011,250,000
Strike 4550 has a total call value of 0 versus a total put value of 143,563,750,000 Combined total value = 143,563,750,000
Strike 4600 has a total call value of 0 versus a total put value of 138,116,250,000 Combined total value = 138,116,250,000
Strike 4650 has a total call value of 0 versus a total put value of 132,668,750,000 Combined total value = 132,668,750,000
Strike 4700 has a total call value of 0 versus a total put value of 127,221,250,000 Combined total value = 127,221,250,000
Strike 4750 has a total call value of 0 versus a total put value of 121,773,750,000 Combined total value = 121,773,750,000
Strike 4800 has a total call value of 0 versus a total put value of 116,326,250,000 Combined total value = 116,326,250,000
Strike 4850 has a total call value of 0 versus a total put value of 110,878,750,000 Combined total value = 110,878,750,000
Strike 4900 has a total call value of 0 versus a total put value of 105,431,250,000 Combined total value = 105,431,250,000
Strike 4950 has a total call value of 0 versus a total put value of 99,983,750,000 Combined total value = 99,983,750,000
Strike 5000 has a total call value of 0 versus a total put value of 94,536,250,000 Combined total value = 94,536,250,000
Strike 5050 has a total call value of 0 versus a total put value of 89,222,500,000 Combined total value = 89,222,500,000
Strike 5100 has a total call value of 0 versus a total put value of 83,908,750,000 Combined total value = 83,908,750,000
Strike 5150 has a total call value of 0 versus a total put value of 78,595,000,000 Combined total value = 78,595,000,000
Strike 5200 has a total call value of 0 versus a total put value of 73,281,250,000 Combined total value = 73,281,250,000
Strike 5250 has a total call value of 0 versus a total put value of 67,967,500,000 Combined total value = 67,967,500,000
Strike 5300 has a total call value of 0 versus a total put value of 62,684,375,000 Combined total value = 62,684,375,000
Strike 5350 has a total call value of 0 versus a total put value of 57,485,000,000 Combined total value = 57,485,000,000
Strike 5400 has a total call value of 0 versus a total put value of 52,285,625,000 Combined total value = 52,285,625,000
Strike 5450 has a total call value of 0 versus a total put value of 47,086,250,000 Combined total value = 47,086,250,000
Strike 5500 has a total call value of 0 versus a total put value of 41,895,625,000 Combined total value = 41,895,625,000
Strike 5550 has a total call value of 0 versus a total put value of 37,018,125,000 Combined total value = 37,018,125,000
Strike 5600 has a total call value of 0 versus a total put value of 32,223,750,000 Combined total value = 32,223,750,000
Strike 5650 has a total call value of 55,625,000 versus a total put value of 27,851,250,000 Combined total value = 27,906,875,000
Strike 5700 has a total call value of 111,250,000 versus a total put value of 23,518,125,000 Combined total value = 23,629,375,000
Strike 5750 has a total call value of 166,875,000 versus a total put value of 19,551,250,000 Combined total value = 19,718,125,000
Strike 5800 has a total call value of 222,500,000 versus a total put value of 15,775,625,000 Combined total value = 15,998,125,000
Strike 5850 has a total call value of 403,125,000 versus a total put value of 12,523,125,000 Combined total value = 12,926,250,000
Strike 5900 has a total call value of 583,750,000 versus a total put value of 9,504,375,000 Combined total value = 10,088,125,000
Strike 5950 has a total call value of 942,500,000 versus a total put value of 7,055,000,000 Combined total value = 7,997,500,000
Strike 6000 has a total call value of 1,364,375,000 versus a total put value of 4,805,000,000 Combined total value = 6,169,375,000
Strike 6050 has a total call value of 2,055,625,000 versus a total put value of 3,203,125,000 Combined total value = 5,258,750,000
Strike 6100 has a total call value of 3,061,250,000 versus a total put value of 1,873,125,000 Combined total value = 4,934,375,000
Strike 6150 has a total call value of 4,648,750,000 versus a total put value of 1,305,000,000 Combined total value = 5,953,750,000
Strike 6200 has a total call value of 6,601,250,000 versus a total put value of 840,625,000 Combined total value = 7,441,875,000
Strike 6250 has a total call value of 9,542,500,000 versus a total put value of 549,375,000 Combined total value = 10,091,875,000
Strike 6300 has a total call value of 12,885,625,000 versus a total put value of 296,875,000 Combined total value = 13,182,500,000
Strike 6350 has a total call value of 17,140,625,000 versus a total put value of 130,000,000 Combined total value = 17,270,625,000
Strike 6400 has a total call value of 21,838,125,000 versus a total put value of 8,750,000 Combined total value = 21,846,875,000
Strike 6450 has a total call value of 27,206,875,000 versus a total put value of 4,375,000 Combined total value = 27,211,250,000
Strike 6500 has a total call value of 32,769,375,000 versus a total put value of 0 Combined total value = 32,769,375,000
Strike 6550 has a total call value of 39,123,750,000 versus a total put value of 0 Combined total value = 39,123,750,000
Strike 6600 has a total call value of 45,552,500,000 versus a total put value of 0 Combined total value = 45,552,500,000
Strike 6650 has a total call value of 52,980,000,000 versus a total put value of 0 Combined total value = 52,980,000,000
Strike 6700 has a total call value of 60,407,500,000 versus a total put value of 0 Combined total value = 60,407,500,000
Strike 6750 has a total call value of 68,271,875,000 versus a total put value of 0 Combined total value = 68,271,875,000
Strike 6800 has a total call value of 76,136,250,000 versus a total put value of 0 Combined total value = 76,136,250,000
Strike 6850 has a total call value of 84,225,000,000 versus a total put value of 0 Combined total value = 84,225,000,000
Strike 6900 has a total call value of 92,313,750,000 versus a total put value of 0 Combined total value = 92,313,750,000
Strike 6950 has a total call value of 100,427,500,000 versus a total put value of 0 Combined total value = 100,427,500,000
Strike 7000 has a total call value of 108,558,750,000 versus a total put value of 0 Combined total value = 108,558,750,000
Strike 7050 has a total call value of 116,728,125,000 versus a total put value of 0 Combined total value = 116,728,125,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1050.4 | 1100 |
| ABB | 5362.8 | 5300 |
| ABCAPITAL | 288.15 | 290 |
| ADANIENSOL | 937.4 | 860 |
| ADANIENT | 2629.5 | 2500 |
| ADANIGREEN | 1152.15 | 1000 |
| ADANIPORTS | 1444.2 | 1400 |
| ALKEM | 5495 | 5500 |
| AMBER | 8310.5 | 8000 |
| AMBUJACEM | 590.3 | 585 |
| ANGELONE | 2248 | 2300 |
| APLAPOLLO | 1679.3 | 1680 |
| APOLLOHOSP | 7739 | 7800 |
| ASHOKLEY | 139.42 | 135 |
| ASIANPAINT | 2482.7 | 2500 |
| ASTRAL | 1438.4 | 1440 |
| AUBANK | 706.05 | 710 |
| AUROPHARMA | 1117.4 | 1100 |
| AXISBANK | 1144.4 | 1100 |
| BAJAJ-AUTO | 9054.5 | 9100 |
| BAJAJFINSV | 2069.5 | 2040 |
| BAJFINANCE | 1006.5 | 980 |
| BANDHANBNK | 163.19 | 165 |
| BANKBARODA | 251.14 | 245 |
| BANKINDIA | 120.53 | 117.5 |
| BDL | 1627.7 | 1550 |
| BEL | 406.4 | 400 |
| BHARATFORG | 1256 | 1220 |
| BHARTIARTL | 1956.2 | 1920 |
| BHEL | 239.6 | 230 |
| BIOCON | 362.15 | 365 |
| BLUESTARCO | 1996.8 | 1920 |
| BOSCHLTD | 39570 | 40000 |
| BPCL | 325.4 | 325 |
| BRITANNIA | 6056.5 | 6100 |
| BSE | 2156.2 | 2200 |
| CAMS | 4014 | 4000 |
| CANBK | 118.87 | 115 |
| CDSL | 1558.5 | 1580 |
| CGPOWER | 770.2 | 760 |
| CHOLAFIN | 1630 | 1540 |
| CIPLA | 1542.2 | 1560 |
| COALINDIA | 394.7 | 390 |
| COFORGE | 1716.9 | 1740 |
| COLPAL | 2344.8 | 2360 |
| CONCOR | 550.15 | 560 |
| CROMPTON | 308.75 | 320 |
| CUMMINSIND | 3990.1 | 4000 |
| CYIENT | 1194.8 | 1240 |
| DABUR | 522.05 | 540 |
| DALBHARAT | 2378.5 | 2400 |
| DELHIVERY | 467.9 | 475 |
| DIVISLAB | 6092.5 | 6100 |
| DIXON | 18082 | 18000 |
| DLF | 773.75 | 780 |
| DMART | 4671.2 | 4700 |
| DRREDDY | 1301.4 | 1300 |
| EICHERMOT | 6946 | 6700 |
| ETERNAL | 341.85 | 330 |
| EXIDEIND | 403.85 | 415 |
| FEDERALBNK | 195 | 197.5 |
| FORTIS | 966.25 | 950 |
| GAIL | 180.95 | 180 |
| GLENMARK | 2017.8 | 2060 |
| GMRAIRPORT | 91.17 | 90 |
| GODREJCP | 1232.2 | 1240 |
| GODREJPROP | 2103.7 | 2050 |
| GRASIM | 2854.1 | 2820 |
| HAL | 4808.7 | 4800 |
| HAVELLS | 1581.3 | 1600 |
| HCLTECH | 1439.9 | 1480 |
| HDFCAMC | 5827.5 | 5800 |
| HDFCBANK | 964.2 | 970 |
| HDFCLIFE | 787.8 | 780 |
| HEROMOTOCO | 5429.5 | 5350 |
| HFCL | 74.85 | 75 |
| HINDALCO | 745.7 | 740 |
| HINDPETRO | 412.75 | 405 |
| HINDUNILVR | 2572.2 | 2600 |
| HINDZINC | 459.25 | 450 |
| HUDCO | 239.96 | 225 |
| ICICIBANK | 1401.5 | 1410 |
| ICICIGI | 1886.3 | 1880 |
| ICICIPRULI | 609.5 | 610 |
| IDEA | 8.39 | 8 |
| IDFCFIRSTB | 70.92 | 72 |
| IEX | 146.09 | 147.5 |
| IGL | 211.56 | 215 |
| IIFL | 450.1 | 450 |
| INDHOTEL | 769.4 | 780 |
| INDIANB | 704.55 | 690 |
| INDIGO | 5747.5 | 5700 |
| INDUSINDBK | 734.3 | 750 |
| INDUSTOWER | 356 | 350 |
| INFY | 1499.5 | 1500 |
| INOXWIND | 152.43 | 150 |
| IOC | 148.3 | 145 |
| IRCTC | 727.1 | 730 |
| IREDA | 159.06 | 150 |
| IRFC | 128.54 | 127.5 |
| ITC | 406.95 | 410 |
| JINDALSTEL | 1032.45 | 1030 |
| JIOFIN | 313.85 | 320 |
| JSWENERGY | 542.95 | 530 |
| JSWSTEEL | 1117 | 1100 |
| JUBLFOOD | 622.8 | 630 |
| KALYANKJIL | 505.25 | 520 |
| KAYNES | 7083.5 | 7000 |
| KEI | 4131.4 | 4150 |
| KFINTECH | 1093.9 | 1150 |
| KOTAKBANK | 2021.7 | 2000 |
| KPITTECH | 1262.4 | 1280 |
| LAURUSLABS | 903.8 | 910 |
| LICHSGFIN | 587.3 | 580 |
| LICI | 904.5 | 890 |
| LODHA | 1212.3 | 1200 |
| LT | 3644.5 | 3600 |
| LTF | 248.09 | 240 |
| LTIM | 5260 | 5300 |
| LUPIN | 2004.4 | 2020 |
| M&M | 3584.8 | 3550 |
| MANAPPURAM | 293.9 | 285 |
| MANKIND | 2594.9 | 2600 |
| MARICO | 716.85 | 720 |
| MARUTI | 15816 | 15200 |
| MAXHEALTH | 1171.6 | 1160 |
| MAZDOCK | 2976.4 | 2900 |
| MCX | 7989.5 | 7900 |
| MFSL | 1556.7 | 1560 |
| MOTHERSON | 109.95 | 105 |
| MPHASIS | 2852.4 | 3000 |
| MUTHOOTFIN | 3047.6 | 2950 |
| NATIONALUM | 210.94 | 210 |
| NAUKRI | 1417.7 | 1380 |
| NBCC | 114.95 | 107.5 |
| NCC | 213.93 | 215 |
| NESTLEIND | 1188.3 | 1190 |
| NHPC | 87.73 | 85 |
| NMDC | 76.86 | 75 |
| NTPC | 339.2 | 335 |
| NUVAMA | 6280.5 | 6400 |
| NYKAA | 242.4 | 240 |
| OBEROIRLTY | 1673.9 | 1660 |
| OFSS | 9056.5 | 9100 |
| OIL | 409.25 | 400 |
| ONGC | 237.47 | 235 |
| PAGEIND | 43405 | 44000 |
| PATANJALI | 597.4 | 600 |
| PAYTM | 1196.2 | 1200 |
| PERSISTENT | 5271 | 5400 |
| PETRONET | 275.9 | 285 |
| PFC | 408.85 | 410 |
| PGEL | 561 | 560 |
| PHOENIXLTD | 1638.3 | 1580 |
| PIDILITIND | 3038 | 3080 |
| PIIND | 3668.9 | 3750 |
| PNB | 113.04 | 111 |
| PNBHOUSING | 859.05 | 840 |
| POLICYBZR | 1796.6 | 1800 |
| POLYCAB | 7657 | 7400 |
| POWERGRID | 286.65 | 290 |
| PPLPHARMA | 202.71 | 205 |
| PRESTIGE | 1617.4 | 1600 |
| RBLBANK | 269.7 | 260 |
| RECLTD | 384 | 380 |
| RELIANCE | 1390.6 | 1400 |
| RVNL | 358.9 | 350 |
| SAIL | 135.49 | 132.5 |
| SBICARD | 869.05 | 870 |
| SBILIFE | 1857.7 | 1840 |
| SBIN | 855.25 | 840 |
| SHREECEM | 29705 | 29750 |
| SHRIRAMFIN | 627.85 | 620 |
| SIEMENS | 3243.5 | 3250 |
| SOLARINDS | 14464 | 14500 |
| SONACOMS | 420.6 | 440 |
| SRF | 2914 | 2950 |
| SUNPHARMA | 1644 | 1600 |
| SUPREMEIND | 4371.9 | 4500 |
| SUZLON | 59.93 | 59 |
| SYNGENE | 655.3 | 660 |
| TATACHEM | 973.95 | 990 |
| TATACONSUM | 1130.1 | 1110 |
| TATAELXSI | 5607 | 5700 |
| TATAMOTORS | 696.25 | 710 |
| TATAPOWER | 395.3 | 395 |
| TATASTEEL | 171.39 | 170 |
| TATATECH | 702.25 | 710 |
| TCS | 3073.8 | 3120 |
| TECHM | 1505.4 | 1520 |
| TIINDIA | 3350.1 | 3300 |
| TITAGARH | 933.9 | 920 |
| TITAN | 3457.5 | 3550 |
| TORNTPHARM | 3655.9 | 3600 |
| TORNTPOWER | 1268.6 | 1280 |
| TRENT | 5010.5 | 5200 |
| TVSMOTOR | 3525.6 | 3400 |
| ULTRACEMCO | 12650 | 12600 |
| UNIONBANK | 138.81 | 137.5 |
| UNITDSPR | 1339.9 | 1320 |
| UNOMINDA | 1312.7 | 1300 |
| UPL | 682.8 | 700 |
| VBL | 463.95 | 480 |
| VEDL | 458.45 | 450 |
| VOLTAS | 1376.2 | 1400 |
| WIPRO | 250.33 | 250 |
| YESBANK | 21.21 | 20 |
| ZYDUSLIFE | 1035.7 | 1030 |
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.
