CANBK
Canara Bank
Max pain for CANBK
17 Aug 2025 12:55 AM IST
Max Pain for CANBK is 110
Strike 100 has a total call value of 0 versus a total put value of 1,372,950,000 Combined total value = 1,372,950,000
Strike 101 has a total call value of 10,800,000 versus a total put value of 1,185,300,000 Combined total value = 1,196,100,000
Strike 102 has a total call value of 21,600,000 versus a total put value of 997,650,000 Combined total value = 1,019,250,000
Strike 103 has a total call value of 32,400,000 versus a total put value of 823,500,000 Combined total value = 855,900,000
Strike 104 has a total call value of 43,200,000 versus a total put value of 649,350,000 Combined total value = 692,550,000
Strike 105 has a total call value of 54,000,000 versus a total put value of 494,775,000 Combined total value = 548,775,000
Strike 106 has a total call value of 64,800,000 versus a total put value of 390,150,000 Combined total value = 454,950,000
Strike 107 has a total call value of 75,600,000 versus a total put value of 292,275,000 Combined total value = 367,875,000
Strike 108 has a total call value of 86,400,000 versus a total put value of 194,400,000 Combined total value = 280,800,000
Strike 109 has a total call value of 97,200,000 versus a total put value of 97,200,000 Combined total value = 194,400,000
Strike 110 has a total call value of 108,000,000 versus a total put value of 0 Combined total value = 108,000,000
Strike 111 has a total call value of 209,250,000 versus a total put value of 0 Combined total value = 209,250,000
Strike 112 has a total call value of 310,500,000 versus a total put value of 0 Combined total value = 310,500,000
Strike 113 has a total call value of 411,750,000 versus a total put value of 0 Combined total value = 411,750,000
Strike 114 has a total call value of 513,000,000 versus a total put value of 0 Combined total value = 513,000,000
Strike 115 has a total call value of 614,250,000 versus a total put value of 0 Combined total value = 614,250,000
Strike 116 has a total call value of 804,600,000 versus a total put value of 0 Combined total value = 804,600,000
Strike 117 has a total call value of 994,950,000 versus a total put value of 0 Combined total value = 994,950,000
Strike 118 has a total call value of 1,185,300,000 versus a total put value of 0 Combined total value = 1,185,300,000
Strike 119 has a total call value of 1,375,650,000 versus a total put value of 0 Combined total value = 1,375,650,000
Strike 120 has a total call value of 1,566,000,000 versus a total put value of 0 Combined total value = 1,566,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1087.4 | 940 |
| ABB | 5022 | 5100 |
| ABCAPITAL | 281 | 270 |
| ADANIENSOL | 788.65 | 800 |
| ADANIENT | 2272 | 2400 |
| ADANIGREEN | 931.25 | 900 |
| ADANIPORTS | 1315.4 | 1340 |
| ALKEM | 5422 | 5200 |
| AMBER | 7229 | 6400 |
| AMBUJACEM | 572.8 | 560 |
| ANGELONE | 2339.1 | 2600 |
| APLAPOLLO | 1628.9 | 1520 |
| APOLLOHOSP | 7793.5 | 7700 |
| ASHOKLEY | 131.37 | 120 |
| ASIANPAINT | 2481.4 | 2500 |
| ASTRAL | 1390.1 | 1300 |
| AUBANK | 745.25 | 780 |
| AUROPHARMA | 1045.6 | 1100 |
| AXISBANK | 1050.1 | 1080 |
| BAJAJ-AUTO | 8691.5 | 8300 |
| BAJAJFINSV | 1924.2 | 1900 |
| BAJFINANCE | 876.25 | 880 |
| BANDHANBNK | 165.86 | 165 |
| BANKBARODA | 235.14 | 245 |
| BANKINDIA | 112.38 | 115 |
| BDL | 1477.6 | 1600 |
| BEL | 365.85 | 390 |
| BHARATFORG | 1122.3 | 1200 |
| BHARTIARTL | 1904.7 | 1880 |
| BHEL | 211.5 | 225 |
| BIOCON | 358.3 | 360 |
| BLUESTARCO | 1865 | 1700 |
| BOSCHLTD | 39510 | 38000 |
| BPCL | 312.1 | 320 |
| BRITANNIA | 5765.5 | 5400 |
| BSE | 2215.6 | 2450 |
| CAMS | 3726.2 | 3800 |
| CANBK | 106.01 | 110 |
| CDSL | 1492.1 | 1600 |
| CGPOWER | 671.3 | 650 |
| CHOLAFIN | 1476.2 | 1500 |
| CIPLA | 1579.8 | 1540 |
| COALINDIA | 372.45 | 380 |
| COFORGE | 1739.3 | 1600 |
| COLPAL | 2284.1 | 2200 |
| CONCOR | 528.45 | 550 |
| CROMPTON | 324.95 | 320 |
| CUMMINSIND | 3836.5 | 3800 |
| CYIENT | 1202.6 | 1100 |
| DABUR | 522.4 | 500 |
| DALBHARAT | 2358.2 | 2600 |
| DELHIVERY | 478.5 | 460 |
| DIVISLAB | 6190.5 | 6400 |
| DIXON | 16668 | 16000 |
| DLF | 754.6 | 760 |
| DMART | 4716.4 | 4300 |
| DRREDDY | 1263.2 | 1200 |
| EICHERMOT | 6151 | 5700 |
| ETERNAL | 317.9 | 310 |
| EXIDEIND | 396.8 | 380 |
| FEDERALBNK | 192.46 | 200 |
| FORTIS | 916 | 900 |
| GAIL | 171.64 | 175 |
| GLENMARK | 1950.7 | 1760 |
| GMRAIRPORT | 88.7 | 90 |
| GODREJCP | 1258.6 | 1200 |
| GODREJPROP | 2007.1 | 2000 |
| GRASIM | 2796.2 | 2700 |
| HAL | 4383.6 | 4500 |
| HAVELLS | 1517.9 | 1500 |
| HCLTECH | 1492.8 | 1500 |
| HDFCAMC | 5759.5 | 5400 |
| HDFCBANK | 973.4 | 2000 |
| HDFCLIFE | 776.6 | 780 |
| HEROMOTOCO | 5073.4 | 4600 |
| HFCL | 71.82 | 70 |
| HINDALCO | 705.7 | 700 |
| HINDPETRO | 382.95 | 389.5 |
| HINDUNILVR | 2692.6 | 2500 |
| HINDZINC | 430.15 | 420 |
| HUDCO | 207.88 | 210 |
| ICICIBANK | 1416.6 | 1420 |
| ICICIGI | 1872.7 | 1880 |
| ICICIPRULI | 616.3 | 600 |
| IDEA | 6.71 | 7 |
| IDFCFIRSTB | 68.76 | 70 |
| IEX | 141.26 | 140 |
| IGL | 207.58 | 210 |
| IIFL | 450.35 | 400 |
| INDHOTEL | 769.05 | 760 |
| INDIANB | 655.9 | 600 |
| INDIGO | 6050 | 6000 |
| INDUSINDBK | 756.4 | 800 |
| INDUSTOWER | 342.55 | 340 |
| INFY | 1529.6 | 1460 |
| INOXWIND | 142.03 | 140 |
| IOC | 138.96 | 140 |
| IRCTC | 717.25 | 760 |
| IREDA | 144.17 | 150 |
| IRFC | 121.2 | 125 |
| ITC | 403.35 | 420 |
| JINDALSTEL | 977.15 | 1000 |
| JIOFIN | 315.75 | 320 |
| JSWENERGY | 513.1 | 500 |
| JSWSTEEL | 1047.1 | 1030 |
| JUBLFOOD | 640.8 | 630 |
| KALYANKJIL | 498.4 | 520 |
| KAYNES | 6197.5 | 6000 |
| KEI | 3874.8 | 3600 |
| KFINTECH | 1054.1 | 900 |
| KOTAKBANK | 1965.7 | 2000 |
| KPITTECH | 1200.1 | 1340 |
| LAURUSLABS | 868.65 | 850 |
| LICHSGFIN | 560.4 | 580 |
| LICI | 888.35 | 900 |
| LODHA | 1236.8 | 1400 |
| LT | 3541.3 | 3650 |
| LTF | 220 | 200 |
| LTIM | 5165.5 | 5400 |
| LUPIN | 1924.6 | 1900 |
| M&M | 3330.8 | 3300 |
| MANAPPURAM | 266.9 | 260 |
| MANKIND | 2502 | 2500 |
| MARICO | 717.75 | 700 |
| MARUTI | 14714 | 12800 |
| MAXHEALTH | 1183.4 | 1240 |
| MAZDOCK | 2687.8 | 2700 |
| MCX | 7692 | 8000 |
| MFSL | 1622.8 | 1560 |
| MOTHERSON | 92.96 | 95 |
| MPHASIS | 2873.2 | 2600 |
| MUTHOOTFIN | 2673.1 | 2500 |
| NATIONALUM | 186.02 | 190 |
| NAUKRI | 1395.7 | 1360 |
| NBCC | 100.89 | 110 |
| NCC | 211.98 | 220 |
| NESTLEIND | 1162.2 | 1100 |
| NHPC | 79.84 | 85 |
| NMDC | 69.88 | 70 |
| NTPC | 333.2 | 350 |
| NYKAA | 231.65 | 215 |
| OBEROIRLTY | 1638.2 | 1400 |
| OFSS | 8530.5 | 8500 |
| OIL | 398.9 | 400 |
| ONGC | 234.19 | 235 |
| PAGEIND | 45505 | 42000 |
| PATANJALI | 1799.3 | 1800 |
| PAYTM | 1253.1 | 1160 |
| PERSISTENT | 5376.5 | 5000 |
| PETRONET | 268.8 | 280 |
| PFC | 388.55 | 420 |
| PGEL | 557.25 | 600 |
| PHOENIXLTD | 1559.5 | 1400 |
| PIDILITIND | 3100.4 | 3100 |
| PIIND | 3787.2 | 3800 |
| PNB | 102.77 | 108 |
| PNBHOUSING | 782.9 | 1000 |
| POLICYBZR | 1835.1 | 1800 |
| POLYCAB | 7064 | 6800 |
| POWERGRID | 279.9 | 290 |
| PPLPHARMA | 189.36 | 190 |
| PRESTIGE | 1609 | 1620 |
| RBLBANK | 255.4 | 230 |
| RECLTD | 363.55 | 390 |
| RELIANCE | 1384.9 | 1400 |
| RVNL | 312.7 | 320 |
| SAIL | 119.94 | 125 |
| SBICARD | 815.7 | 900 |
| SBILIFE | 1816.6 | 1840 |
| SBIN | 807.85 | 820 |
| SHREECEM | 30110 | 30000 |
| SHRIRAMFIN | 594.7 | 600 |
| SIEMENS | 3048 | 3100 |
| SOLARINDS | 14233 | 15000 |
| SONACOMS | 453.7 | 440 |
| SRF | 2849.2 | 2800 |
| SUNPHARMA | 1600.3 | 1600 |
| SUPREMEIND | 4574.4 | 4200 |
| SYNGENE | 648.8 | 660 |
| TATACHEM | 935.3 | 960 |
| TATACONSUM | 1079.9 | 1100 |
| TATAELXSI | 5478.5 | 7000 |
| TATAMOTORS | 681.65 | 680 |
| TATAPOWER | 377.75 | 385 |
| TATASTEEL | 155.03 | 160 |
| TATATECH | 679.15 | 700 |
| TCS | 3157.2 | 3000 |
| TECHM | 1502.2 | 1500 |
| TIINDIA | 3028.4 | 3000 |
| TITAGARH | 869.3 | 780 |
| TITAN | 3594 | 3400 |
| TORNTPHARM | 3604.8 | 3700 |
| TORNTPOWER | 1270.2 | 1240 |
| TRENT | 5295 | 5400 |
| TVSMOTOR | 3272.3 | 3000 |
| ULTRACEMCO | 12610 | 11600 |
| UNIONBANK | 129.67 | 135 |
| UNITDSPR | 1302.8 | 1400 |
| UNOMINDA | 1276.8 | 1100 |
| UPL | 723.1 | 700 |
| VBL | 508.55 | 500 |
| VEDL | 428.2 | 440 |
| VOLTAS | 1347.3 | 1300 |
| WIPRO | 252.03 | 245 |
| YESBANK | 18.95 | 20 |
| ZYDUSLIFE | 987.85 | 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.
