CIPLA
Cipla LtdMax pain for CIPLA
18 Oct 2025 04:56 PM IST
Max Pain for CIPLA is 1550
Strike 1280 has a total call value of 0 versus a total put value of 61,782,375,000 Combined total value = 61,782,375,000
Strike 1290 has a total call value of 0 versus a total put value of 58,714,125,000 Combined total value = 58,714,125,000
Strike 1300 has a total call value of 0 versus a total put value of 55,645,875,000 Combined total value = 55,645,875,000
Strike 1310 has a total call value of 0 versus a total put value of 52,577,625,000 Combined total value = 52,577,625,000
Strike 1320 has a total call value of 0 versus a total put value of 49,509,375,000 Combined total value = 49,509,375,000
Strike 1330 has a total call value of 0 versus a total put value of 46,441,125,000 Combined total value = 46,441,125,000
Strike 1340 has a total call value of 0 versus a total put value of 43,372,875,000 Combined total value = 43,372,875,000
Strike 1350 has a total call value of 0 versus a total put value of 40,381,500,000 Combined total value = 40,381,500,000
Strike 1360 has a total call value of 0 versus a total put value of 37,390,125,000 Combined total value = 37,390,125,000
Strike 1370 has a total call value of 0 versus a total put value of 34,444,125,000 Combined total value = 34,444,125,000
Strike 1380 has a total call value of 0 versus a total put value of 31,498,125,000 Combined total value = 31,498,125,000
Strike 1390 has a total call value of 0 versus a total put value of 28,628,250,000 Combined total value = 28,628,250,000
Strike 1400 has a total call value of 0 versus a total put value of 25,758,375,000 Combined total value = 25,758,375,000
Strike 1410 has a total call value of 7,500,000 versus a total put value of 23,094,375,000 Combined total value = 23,101,875,000
Strike 1420 has a total call value of 15,000,000 versus a total put value of 20,430,375,000 Combined total value = 20,445,375,000
Strike 1430 has a total call value of 22,500,000 versus a total put value of 17,907,000,000 Combined total value = 17,929,500,000
Strike 1440 has a total call value of 30,000,000 versus a total put value of 15,559,125,000 Combined total value = 15,589,125,000
Strike 1450 has a total call value of 37,500,000 versus a total put value of 13,417,500,000 Combined total value = 13,455,000,000
Strike 1460 has a total call value of 45,000,000 versus a total put value of 11,387,250,000 Combined total value = 11,432,250,000
Strike 1470 has a total call value of 52,500,000 versus a total put value of 9,728,250,000 Combined total value = 9,780,750,000
Strike 1480 has a total call value of 60,000,000 versus a total put value of 8,104,875,000 Combined total value = 8,164,875,000
Strike 1490 has a total call value of 82,125,000 versus a total put value of 6,747,750,000 Combined total value = 6,829,875,000
Strike 1500 has a total call value of 104,250,000 versus a total put value of 5,471,625,000 Combined total value = 5,575,875,000
Strike 1510 has a total call value of 228,750,000 versus a total put value of 4,452,750,000 Combined total value = 4,681,500,000
Strike 1520 has a total call value of 387,375,000 versus a total put value of 3,488,625,000 Combined total value = 3,876,000,000
Strike 1530 has a total call value of 669,375,000 versus a total put value of 2,696,250,000 Combined total value = 3,365,625,000
Strike 1540 has a total call value of 971,625,000 versus a total put value of 1,984,875,000 Combined total value = 2,956,500,000
Strike 1550 has a total call value of 1,454,250,000 versus a total put value of 1,378,875,000 Combined total value = 2,833,125,000
Strike 1560 has a total call value of 2,046,750,000 versus a total put value of 911,250,000 Combined total value = 2,958,000,000
Strike 1570 has a total call value of 2,857,500,000 versus a total put value of 563,250,000 Combined total value = 3,420,750,000
Strike 1580 has a total call value of 3,820,875,000 versus a total put value of 314,625,000 Combined total value = 4,135,500,000
Strike 1590 has a total call value of 5,269,875,000 versus a total put value of 179,250,000 Combined total value = 5,449,125,000
Strike 1600 has a total call value of 6,845,625,000 versus a total put value of 61,875,000 Combined total value = 6,907,500,000
Strike 1610 has a total call value of 9,469,875,000 versus a total put value of 39,750,000 Combined total value = 9,509,625,000
Strike 1620 has a total call value of 12,140,250,000 versus a total put value of 20,250,000 Combined total value = 12,160,500,000
Strike 1630 has a total call value of 15,024,375,000 versus a total put value of 10,125,000 Combined total value = 15,034,500,000
Strike 1640 has a total call value of 18,057,000,000 versus a total put value of 0 Combined total value = 18,057,000,000
Strike 1650 has a total call value of 21,707,625,000 versus a total put value of 0 Combined total value = 21,707,625,000
Strike 1660 has a total call value of 25,490,625,000 versus a total put value of 0 Combined total value = 25,490,625,000
Strike 1670 has a total call value of 30,082,875,000 versus a total put value of 0 Combined total value = 30,082,875,000
Strike 1680 has a total call value of 34,675,125,000 versus a total put value of 0 Combined total value = 34,675,125,000
Strike 1690 has a total call value of 40,118,625,000 versus a total put value of 0 Combined total value = 40,118,625,000
Strike 1700 has a total call value of 45,585,750,000 versus a total put value of 0 Combined total value = 45,585,750,000
Strike 1710 has a total call value of 52,390,500,000 versus a total put value of 0 Combined total value = 52,390,500,000
Strike 1720 has a total call value of 59,195,250,000 versus a total put value of 0 Combined total value = 59,195,250,000
Strike 1730 has a total call value of 66,435,750,000 versus a total put value of 0 Combined total value = 66,435,750,000
Strike 1740 has a total call value of 73,676,250,000 versus a total put value of 0 Combined total value = 73,676,250,000
Strike 1750 has a total call value of 80,929,500,000 versus a total put value of 0 Combined total value = 80,929,500,000
Strike 1760 has a total call value of 88,182,750,000 versus a total put value of 0 Combined total value = 88,182,750,000
Strike 1770 has a total call value of 95,464,500,000 versus a total put value of 0 Combined total value = 95,464,500,000
Strike 1780 has a total call value of 102,746,250,000 versus a total put value of 0 Combined total value = 102,746,250,000
Strike 1790 has a total call value of 110,028,000,000 versus a total put value of 0 Combined total value = 110,028,000,000
Strike 1800 has a total call value of 117,309,750,000 versus a total put value of 0 Combined total value = 117,309,750,000
Strike 1810 has a total call value of 124,601,250,000 versus a total put value of 0 Combined total value = 124,601,250,000
Strike 1820 has a total call value of 131,892,750,000 versus a total put value of 0 Combined total value = 131,892,750,000
Strike 1830 has a total call value of 139,184,250,000 versus a total put value of 0 Combined total value = 139,184,250,000
Strike 1840 has a total call value of 146,475,750,000 versus a total put value of 0 Combined total value = 146,475,750,000
Max-Pain Table for stock monthly expiry
| Max Pain Table | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1001.8 | 1140 |
| ABB | 5173.4 | 5200 |
| ABCAPITAL | 278.9 | 295 |
| ADANIENSOL | 879.2 | 930 |
| ADANIENT | 2543.7 | 2550 |
| ADANIGREEN | 1047.4 | 1060 |
| ADANIPORTS | 1392 | 1440 |
| ALKEM | 5433 | 5550 |
| AMBER | 8162.5 | 8200 |
| AMBUJACEM | 565.2 | 570 |
| ANGELONE | 2136.4 | 2400 |
| APLAPOLLO | 1660.1 | 1720 |
| APOLLOHOSP | 7510 | 7800 |
| ASHOKLEY | 141.93 | 137.5 |
| ASIANPAINT | 2342.8 | 2440 |
| ASTRAL | 1373.8 | 1420 |
| AUBANK | 743.2 | 780 |
| AUROPHARMA | 1090 | 1100 |
| AXISBANK | 1154 | 1170 |
| BAJAJ-AUTO | 8702 | 9000 |
| BAJAJFINSV | 2003.2 | 2060 |
| BAJFINANCE | 985.1 | 1040 |
| BANDHANBNK | 155.02 | 165 |
| BANKBARODA | 248.45 | 260 |
| BANKINDIA | 116.33 | 125 |
| BDL | 1497.8 | 1550 |
| BEL | 395.9 | 410 |
| BHARATFORG | 1181.1 | 1220 |
| BHARTIARTL | 1916.6 | 1960 |
| BHEL | 231.01 | 240 |
| BIOCON | 338.9 | 355 |
| BLUESTARCO | 1890.1 | 1940 |
| BOSCHLTD | 38150 | 38500 |
| BPCL | 324.35 | 335 |
| BRITANNIA | 5920.5 | 6000 |
| BSE | 2043.2 | 2400 |
| CAMS | 3800 | 3850 |
| CANBK | 118.08 | 125 |
| CDSL | 1467.7 | 1580 |
| CGPOWER | 739.4 | 750 |
| CHOLAFIN | 1569.9 | 1640 |
| CIPLA | 1499.4 | 1550 |
| COALINDIA | 389.15 | 390 |
| COFORGE | 1538.5 | 1700 |
| COLPAL | 2224.3 | 2260 |
| CONCOR | 524.8 | 540 |
| CROMPTON | 292.6 | 295 |
| CUMMINSIND | 3947.6 | 4000 |
| CYIENT | 1134.1 | 1180 |
| DABUR | 499.75 | 500 |
| DALBHARAT | 2215.4 | 2260 |
| DELHIVERY | 445.7 | 460 |
| DIVISLAB | 5689.5 | 6400 |
| DIXON | 17511 | 17000 |
| DLF | 716.05 | 750 |
| DMART | 4517.8 | 4300 |
| DRREDDY | 1253.1 | 1260 |
| EICHERMOT | 7047 | 7000 |
| ETERNAL | 321 | 340 |
| EXIDEIND | 388.8 | 400 |
| FEDERALBNK | 191.82 | 210 |
| FORTIS | 932.75 | 1060 |
| GAIL | 172.02 | 180 |
| GLENMARK | 1971.7 | 1900 |
| GMRAIRPORT | 87.28 | 90 |
| GODREJCP | 1163.9 | 1140 |
| GODREJPROP | 1957.6 | 2140 |
| GRASIM | 2746.8 | 2800 |
| HAL | 4736.1 | 4850 |
| HAVELLS | 1507.4 | 1500 |
| HCLTECH | 1395.3 | 1480 |
| HDFCAMC | 5621 | 5700 |
| HDFCBANK | 945.05 | 985 |
| HDFCLIFE | 764.4 | 750 |
| HEROMOTOCO | 5328 | 5550 |
| HFCL | 72.1 | 75 |
| HINDALCO | 743.85 | 770 |
| HINDPETRO | 422.25 | 440 |
| HINDUNILVR | 2511.8 | 2540 |
| HINDZINC | 449.1 | 500 |
| HUDCO | 220.05 | 230 |
| ICICIBANK | 1359.6 | 1400 |
| ICICIGI | 1894 | 1980 |
| ICICIPRULI | 585.5 | 600 |
| IDEA | 8.02 | 9 |
| IDFCFIRSTB | 68.59 | 72 |
| IEX | 137.76 | 140 |
| IGL | 202.26 | 215 |
| IIFL | 419.35 | 490 |
| INDHOTEL | 709.8 | 740 |
| INDIANB | 706.35 | 760 |
| INDIGO | 5561 | 5800 |
| INDUSINDBK | 712.75 | 750 |
| INDUSTOWER | 346.3 | 350 |
| INFY | 1448.9 | 1460 |
| INOXWIND | 137.46 | 145 |
| IOC | 145.04 | 152.5 |
| IRCTC | 703.1 | 720 |
| IREDA | 146.28 | 152.5 |
| IRFC | 121.91 | 125 |
| ITC | 405.1 | 410 |
| JINDALSTEL | 1029.5 | 1020 |
| JIOFIN | 295.85 | 310 |
| JSWENERGY | 520.1 | 540 |
| JSWSTEEL | 1130.8 | 1160 |
| JUBLFOOD | 606.9 | 600 |
| KALYANKJIL | 455.8 | 480 |
| KAYNES | 7341 | 7000 |
| KEI | 4049.3 | 4200 |
| KFINTECH | 1070.8 | 1100 |
| KOTAKBANK | 1994.8 | 2120 |
| KPITTECH | 1212.8 | 1160 |
| LAURUSLABS | 832.3 | 880 |
| LICHSGFIN | 564.95 | 580 |
| LICI | 872.45 | 900 |
| LODHA | 1141.1 | 1160 |
| LT | 3729.5 | 3800 |
| LTF | 236.29 | 260 |
| LTIM | 5075 | 5600 |
| LUPIN | 1919.8 | 1960 |
| M&M | 3396.5 | 3550 |
| MANAPPURAM | 276.9 | 285 |
| MANKIND | 2482.9 | 2500 |
| MARICO | 698.35 | 720 |
| MARUTI | 16286 | 16100 |
| MAXHEALTH | 1123.4 | 1160 |
| MAZDOCK | 2827.6 | 2850 |
| MCX | 7920.5 | 9000 |
| MFSL | 1545.6 | 1580 |
| MOTHERSON | 105.66 | 105 |
| MPHASIS | 2642.4 | 2750 |
| MUTHOOTFIN | 3020.3 | 3200 |
| NATIONALUM | 200.58 | 225 |
| NAUKRI | 1316.2 | 1360 |
| NBCC | 105.18 | 111 |
| NCC | 202.51 | 210 |
| NESTLEIND | 1162.6 | 1250 |
| NHPC | 83.64 | 86 |
| NMDC | 74.99 | 76 |
| NTPC | 337.9 | 340 |
| NUVAMA | 6115 | 7000 |
| NYKAA | 230.62 | 255 |
| OBEROIRLTY | 1577.7 | 1680 |
| OFSS | 8515 | 8800 |
| OIL | 410.25 | 420 |
| ONGC | 238.02 | 245 |
| PAGEIND | 41240 | 41000 |
| PATANJALI | 589 | 590 |
| PAYTM | 1125.2 | 1240 |
| PERSISTENT | 4951 | 5600 |
| PETRONET | 266.9 | 285 |
| PFC | 397.3 | 405 |
| PGEL | 514.65 | 570 |
| PHOENIXLTD | 1540.4 | 1660 |
| PIDILITIND | 1474.8 | 1500 |
| PIIND | 3487.6 | 3600 |
| PNB | 107.79 | 115 |
| PNBHOUSING | 864.1 | 860 |
| POLICYBZR | 1677.1 | 1700 |
| POLYCAB | 7322.5 | 7500 |
| POWERGRID | 282.25 | 290 |
| PPLPHARMA | 187.73 | 197.5 |
| PRESTIGE | 1507.4 | 1640 |
| RBLBANK | 272.35 | 285 |
| RECLTD | 367.4 | 380 |
| RELIANCE | 1377.6 | 1400 |
| RVNL | 337.8 | 340 |
| SAIL | 131.02 | 132 |
| SAMMAANCAP | 137.82 | 160 |
| SBICARD | 873.85 | 910 |
| SBILIFE | 1798.8 | 1800 |
| SBIN | 856.95 | 880 |
| SHREECEM | 28910 | 30000 |
| SHRIRAMFIN | 606.05 | 660 |
| SIEMENS | 3096.3 | 3150 |
| SILVER | 0 | 154000 |
| SILVERM | 142014 | 158000 |
| SOLARINDS | 13766 | 14000 |
| SONACOMS | 407.1 | 460 |
| SRF | 2806.9 | 3100 |
| SUNPHARMA | 1586.7 | 1660 |
| SUPREMEIND | 4234.2 | 4250 |
| SUZLON | 55.28 | 55 |
| SYNGENE | 609.45 | 630 |
| TATACONSUM | 1119 | 1140 |
| TATAELXSI | 5303 | 5400 |
| TATAMOTORS | 672.9 | 390 |
| TATAPOWER | 383.8 | 400 |
| TATASTEEL | 167.4 | 172.5 |
| TATATECH | 667.3 | 700 |
| TCS | 2899.1 | 3000 |
| TECHM | 1407.7 | 1440 |
| TIINDIA | 3129.1 | 3150 |
| TITAGARH | 879.25 | 900 |
| TITAN | 3327.3 | 3550 |
| TORNTPHARM | 3561 | 3550 |
| TORNTPOWER | 1233.3 | 1300 |
| TRENT | 4679 | 4800 |
| TVSMOTOR | 3414.4 | 3550 |
| ULTRACEMCO | 12070 | 12300 |
| UNIONBANK | 134.08 | 140 |
| UNITDSPR | 1297.4 | 1350 |
| UNOMINDA | 1268.9 | 1240 |
| UPL | 648 | 680 |
| VBL | 444.75 | 455 |
| VEDL | 447.95 | 475 |
| VOLTAS | 1340.2 | 1400 |
| WIPRO | 235.75 | 242.5 |
| 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.
