COPPER
CopperMax pain for COPPER
18 Oct 2025 04:56 PM IST
Max Pain for COPPER is 980
Strike 850 has a total call value of 0 versus a total put value of 43,523,750,000 Combined total value = 43,523,750,000
Strike 855 has a total call value of 1,250,000 versus a total put value of 41,550,000,000 Combined total value = 41,551,250,000
Strike 860 has a total call value of 2,500,000 versus a total put value of 39,576,250,000 Combined total value = 39,578,750,000
Strike 865 has a total call value of 3,750,000 versus a total put value of 37,602,500,000 Combined total value = 37,606,250,000
Strike 870 has a total call value of 5,000,000 versus a total put value of 35,631,250,000 Combined total value = 35,636,250,000
Strike 875 has a total call value of 6,250,000 versus a total put value of 33,660,000,000 Combined total value = 33,666,250,000
Strike 880 has a total call value of 7,500,000 versus a total put value of 31,688,750,000 Combined total value = 31,696,250,000
Strike 885 has a total call value of 8,750,000 versus a total put value of 29,721,250,000 Combined total value = 29,730,000,000
Strike 890 has a total call value of 10,000,000 versus a total put value of 27,753,750,000 Combined total value = 27,763,750,000
Strike 895 has a total call value of 11,250,000 versus a total put value of 25,806,250,000 Combined total value = 25,817,500,000
Strike 900 has a total call value of 12,500,000 versus a total put value of 23,863,750,000 Combined total value = 23,876,250,000
Strike 905 has a total call value of 20,000,000 versus a total put value of 22,082,500,000 Combined total value = 22,102,500,000
Strike 910 has a total call value of 31,250,000 versus a total put value of 20,305,000,000 Combined total value = 20,336,250,000
Strike 915 has a total call value of 48,750,000 versus a total put value of 18,605,000,000 Combined total value = 18,653,750,000
Strike 920 has a total call value of 71,250,000 versus a total put value of 16,907,500,000 Combined total value = 16,978,750,000
Strike 925 has a total call value of 113,750,000 versus a total put value of 15,326,250,000 Combined total value = 15,440,000,000
Strike 930 has a total call value of 157,500,000 versus a total put value of 13,752,500,000 Combined total value = 13,910,000,000
Strike 935 has a total call value of 225,000,000 versus a total put value of 12,271,250,000 Combined total value = 12,496,250,000
Strike 940 has a total call value of 293,750,000 versus a total put value of 10,791,250,000 Combined total value = 11,085,000,000
Strike 945 has a total call value of 413,750,000 versus a total put value of 9,402,500,000 Combined total value = 9,816,250,000
Strike 950 has a total call value of 537,500,000 versus a total put value of 8,015,000,000 Combined total value = 8,552,500,000
Strike 955 has a total call value of 777,500,000 versus a total put value of 6,910,000,000 Combined total value = 7,687,500,000
Strike 960 has a total call value of 1,021,250,000 versus a total put value of 5,808,750,000 Combined total value = 6,830,000,000
Strike 965 has a total call value of 1,312,500,000 versus a total put value of 4,813,750,000 Combined total value = 6,126,250,000
Strike 970 has a total call value of 1,605,000,000 versus a total put value of 3,823,750,000 Combined total value = 5,428,750,000
Strike 975 has a total call value of 1,983,750,000 versus a total put value of 3,003,750,000 Combined total value = 4,987,500,000
Strike 980 has a total call value of 2,372,500,000 versus a total put value of 2,183,750,000 Combined total value = 4,556,250,000
Strike 985 has a total call value of 3,023,750,000 versus a total put value of 1,647,500,000 Combined total value = 4,671,250,000
Strike 990 has a total call value of 3,712,500,000 versus a total put value of 1,120,000,000 Combined total value = 4,832,500,000
Strike 995 has a total call value of 4,762,500,000 versus a total put value of 768,750,000 Combined total value = 5,531,250,000
Strike 1000 has a total call value of 5,856,250,000 versus a total put value of 426,250,000 Combined total value = 6,282,500,000
Strike 1005 has a total call value of 7,557,500,000 versus a total put value of 277,500,000 Combined total value = 7,835,000,000
Strike 1010 has a total call value of 9,291,250,000 versus a total put value of 151,250,000 Combined total value = 9,442,500,000
Strike 1015 has a total call value of 11,272,500,000 versus a total put value of 77,500,000 Combined total value = 11,350,000,000
Strike 1020 has a total call value of 13,265,000,000 versus a total put value of 7,500,000 Combined total value = 13,272,500,000
Strike 1025 has a total call value of 15,565,000,000 versus a total put value of 0 Combined total value = 15,565,000,000
Strike 1030 has a total call value of 17,951,250,000 versus a total put value of 0 Combined total value = 17,951,250,000
Strike 1035 has a total call value of 20,571,250,000 versus a total put value of 0 Combined total value = 20,571,250,000
Strike 1040 has a total call value of 23,275,000,000 versus a total put value of 0 Combined total value = 23,275,000,000
Max-Pain Table
| 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.




























































































































































































































