DALBHARAT
Dalmia Bharat Limited
Max pain for DALBHARAT
22 Sep 2025 08:01 PM IST
Max Pain for DALBHARAT is 2400
Strike 2260 has a total call value of 0 versus a total put value of 304,850,000 Combined total value = 304,850,000
Strike 2280 has a total call value of 0 versus a total put value of 267,150,000 Combined total value = 267,150,000
Strike 2300 has a total call value of 0 versus a total put value of 229,450,000 Combined total value = 229,450,000
Strike 2320 has a total call value of 0 versus a total put value of 195,000,000 Combined total value = 195,000,000
Strike 2340 has a total call value of 0 versus a total put value of 160,550,000 Combined total value = 160,550,000
Strike 2360 has a total call value of 0 versus a total put value of 126,100,000 Combined total value = 126,100,000
Strike 2380 has a total call value of 0 versus a total put value of 91,650,000 Combined total value = 91,650,000
Strike 2400 has a total call value of 0 versus a total put value of 57,200,000 Combined total value = 57,200,000
Strike 2420 has a total call value of 40,950,000 versus a total put value of 44,200,000 Combined total value = 85,150,000
Strike 2440 has a total call value of 94,900,000 versus a total put value of 31,200,000 Combined total value = 126,100,000
Strike 2460 has a total call value of 148,850,000 versus a total put value of 20,800,000 Combined total value = 169,650,000
Strike 2480 has a total call value of 202,800,000 versus a total put value of 10,400,000 Combined total value = 213,200,000
Strike 2500 has a total call value of 256,750,000 versus a total put value of 0 Combined total value = 256,750,000
Strike 2520 has a total call value of 375,050,000 versus a total put value of 0 Combined total value = 375,050,000
Strike 2540 has a total call value of 493,350,000 versus a total put value of 0 Combined total value = 493,350,000
Strike 2560 has a total call value of 611,650,000 versus a total put value of 0 Combined total value = 611,650,000
Strike 2580 has a total call value of 729,950,000 versus a total put value of 0 Combined total value = 729,950,000
Strike 2600 has a total call value of 848,250,000 versus a total put value of 0 Combined total value = 848,250,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1050.4 | 1100 |
| ABB | 5362.8 | 5400 |
| ABCAPITAL | 288.15 | 290 |
| ADANIENSOL | 937.4 | 880 |
| ADANIENT | 2629.5 | 2500 |
| ADANIGREEN | 1152.15 | 1000 |
| ADANIPORTS | 1444.2 | 1440 |
| ALKEM | 5495 | 5500 |
| AMBER | 8310.5 | 8300 |
| AMBUJACEM | 590.3 | 600 |
| ANGELONE | 2248 | 2300 |
| APLAPOLLO | 1679.3 | 1700 |
| APOLLOHOSP | 7739 | 7800 |
| ASHOKLEY | 139.42 | 135 |
| ASIANPAINT | 2482.7 | 2500 |
| ASTRAL | 1438.4 | 1500 |
| AUBANK | 706.05 | 720 |
| AUROPHARMA | 1117.4 | 1100 |
| AXISBANK | 1144.4 | 1100 |
| BAJAJ-AUTO | 9054.5 | 9100 |
| BAJAJFINSV | 2069.5 | 2000 |
| BAJFINANCE | 1006.5 | 970 |
| BANDHANBNK | 163.19 | 165 |
| BANKBARODA | 251.14 | 245 |
| BANKINDIA | 120.53 | 115 |
| BDL | 1627.7 | 1600 |
| BEL | 406.4 | 400 |
| BHARATFORG | 1256 | 1300 |
| BHARTIARTL | 1956.2 | 1940 |
| BHEL | 239.6 | 240 |
| BIOCON | 362.15 | 370 |
| BLUESTARCO | 1996.8 | 1900 |
| BOSCHLTD | 39570 | 40000 |
| BPCL | 325.4 | 330 |
| BRITANNIA | 6056.5 | 6000 |
| BSE | 2156.2 | 2200 |
| CAMS | 4014 | 4000 |
| CANBK | 118.87 | 115 |
| CDSL | 1558.5 | 1600 |
| CGPOWER | 770.2 | 780 |
| CHOLAFIN | 1630 | 1560 |
| CIPLA | 1542.2 | 1560 |
| COALINDIA | 394.7 | 400 |
| COFORGE | 1716.9 | 1760 |
| COLPAL | 2344.8 | 2400 |
| CONCOR | 550.15 | 560 |
| CROMPTON | 308.75 | 320 |
| CUMMINSIND | 3990.1 | 4000 |
| CYIENT | 1194.8 | 1300 |
| DABUR | 522.05 | 540 |
| DALBHARAT | 2378.5 | 2400 |
| DELHIVERY | 467.9 | 480 |
| DIVISLAB | 6092.5 | 6200 |
| DIXON | 18082 | 18000 |
| DLF | 773.75 | 780 |
| DMART | 4671.2 | 4700 |
| DRREDDY | 1301.4 | 1300 |
| EICHERMOT | 6946 | 6900 |
| ETERNAL | 341.85 | 310 |
| EXIDEIND | 403.85 | 420 |
| FEDERALBNK | 195 | 200 |
| FORTIS | 966.25 | 1000 |
| GAIL | 180.95 | 180 |
| GLENMARK | 2017.8 | 2100 |
| GMRAIRPORT | 91.17 | 90 |
| GODREJCP | 1232.2 | 1240 |
| GODREJPROP | 2103.7 | 2100 |
| GRASIM | 2854.1 | 2800 |
| HAL | 4808.7 | 4900 |
| HAVELLS | 1581.3 | 1600 |
| HCLTECH | 1439.9 | 1500 |
| HDFCAMC | 5827.5 | 5800 |
| HDFCBANK | 964.2 | 970 |
| HDFCLIFE | 787.8 | 780 |
| HEROMOTOCO | 5429.5 | 5400 |
| HFCL | 74.85 | 80 |
| HINDALCO | 745.7 | 740 |
| HINDPETRO | 412.75 | 400 |
| HINDUNILVR | 2572.2 | 2600 |
| HINDZINC | 459.25 | 450 |
| HUDCO | 239.96 | 225 |
| ICICIBANK | 1401.5 | 1410 |
| ICICIGI | 1886.3 | 1900 |
| ICICIPRULI | 609.5 | 620 |
| IDEA | 8.39 | 8 |
| IDFCFIRSTB | 70.92 | 72 |
| IEX | 146.09 | 150 |
| IGL | 211.56 | 220 |
| IIFL | 450.1 | 450 |
| INDHOTEL | 769.4 | 780 |
| INDIANB | 704.55 | 700 |
| INDIGO | 5747.5 | 5700 |
| INDUSINDBK | 734.3 | 750 |
| INDUSTOWER | 356 | 360 |
| INFY | 1499.5 | 1500 |
| INOXWIND | 152.43 | 150 |
| IOC | 148.3 | 150 |
| IRCTC | 727.1 | 740 |
| IREDA | 159.06 | 155 |
| IRFC | 128.54 | 130 |
| ITC | 406.95 | 410 |
| JINDALSTEL | 1032.45 | 1050 |
| JIOFIN | 313.85 | 320 |
| JSWENERGY | 542.95 | 540 |
| JSWSTEEL | 1117 | 1100 |
| JUBLFOOD | 622.8 | 630 |
| KALYANKJIL | 505.25 | 520 |
| KAYNES | 7083.5 | 7000 |
| KEI | 4131.4 | 4200 |
| KFINTECH | 1093.9 | 1100 |
| KOTAKBANK | 2021.7 | 2040 |
| KPITTECH | 1262.4 | 1300 |
| LAURUSLABS | 903.8 | 900 |
| LICHSGFIN | 587.3 | 580 |
| LICI | 904.5 | 900 |
| LODHA | 1212.3 | 1200 |
| LT | 3644.5 | 3650 |
| LTF | 248.09 | 245 |
| LTIM | 5260 | 5300 |
| LUPIN | 2004.4 | 2040 |
| M&M | 3584.8 | 3500 |
| MANAPPURAM | 293.9 | 290 |
| MANKIND | 2594.9 | 2600 |
| MARICO | 716.85 | 740 |
| MARUTI | 15816 | 15600 |
| MAXHEALTH | 1171.6 | 1160 |
| MAZDOCK | 2976.4 | 3000 |
| MCX | 7989.5 | 8000 |
| MFSL | 1556.7 | 1540 |
| MOTHERSON | 109.95 | 105 |
| MPHASIS | 2852.4 | 3000 |
| MUTHOOTFIN | 3047.6 | 2900 |
| NATIONALUM | 210.94 | 220 |
| NAUKRI | 1417.7 | 1400 |
| NBCC | 114.95 | 110 |
| NCC | 213.93 | 215 |
| NESTLEIND | 1188.3 | 1200 |
| NHPC | 87.73 | 85 |
| NMDC | 76.86 | 78 |
| NTPC | 339.2 | 335 |
| NUVAMA | 6280.5 | 6300 |
| NYKAA | 242.4 | 240 |
| OBEROIRLTY | 1673.9 | 1680 |
| OFSS | 9056.5 | 9200 |
| OIL | 409.25 | 400 |
| ONGC | 237.47 | 240 |
| PAGEIND | 43405 | 44000 |
| PATANJALI | 597.4 | 600 |
| PAYTM | 1196.2 | 1200 |
| PERSISTENT | 5271 | 5300 |
| PETRONET | 275.9 | 280 |
| PFC | 408.85 | 410 |
| PGEL | 561 | 560 |
| PHOENIXLTD | 1638.3 | 1600 |
| PIDILITIND | 3038 | 3100 |
| PIIND | 3668.9 | 3700 |
| PNB | 113.04 | 110 |
| PNBHOUSING | 859.05 | 840 |
| POLICYBZR | 1796.6 | 1800 |
| POLYCAB | 7657 | 7200 |
| POWERGRID | 286.65 | 290 |
| PPLPHARMA | 202.71 | 205 |
| PRESTIGE | 1617.4 | 1600 |
| RBLBANK | 269.7 | 280 |
| RECLTD | 384 | 380 |
| RELIANCE | 1390.6 | 1400 |
| RVNL | 358.9 | 350 |
| SAIL | 135.49 | 135 |
| SBICARD | 869.05 | 900 |
| SBILIFE | 1857.7 | 1800 |
| SBIN | 855.25 | 850 |
| SHREECEM | 29705 | 27500 |
| SHRIRAMFIN | 627.85 | 640 |
| SIEMENS | 3243.5 | 3300 |
| SILVER | 0 | 127000 |
| SILVERM | 132304 | 130000 |
| SOLARINDS | 14464 | 14500 |
| SONACOMS | 420.6 | 440 |
| SRF | 2914 | 2900 |
| SUNPHARMA | 1644 | 1640 |
| SUPREMEIND | 4371.9 | 4400 |
| SUZLON | 59.93 | 60 |
| SYNGENE | 655.3 | 670 |
| TATACONSUM | 1130.1 | 1100 |
| TATAELXSI | 5607 | 5700 |
| TATAMOTORS | 696.25 | 710 |
| TATAPOWER | 395.3 | 400 |
| TATASTEEL | 171.39 | 170 |
| TATATECH | 702.25 | 700 |
| TCS | 3073.8 | 3100 |
| TECHM | 1505.4 | 1540 |
| TIINDIA | 3350.1 | 3200 |
| TITAGARH | 933.9 | 940 |
| TITAN | 3457.5 | 3500 |
| TORNTPHARM | 3655.9 | 3600 |
| TORNTPOWER | 1268.6 | 1280 |
| TRENT | 5010.5 | 5200 |
| TVSMOTOR | 3525.6 | 3500 |
| ULTRACEMCO | 12650 | 12600 |
| UNIONBANK | 138.81 | 140 |
| UNITDSPR | 1339.9 | 1340 |
| UNOMINDA | 1312.7 | 1320 |
| UPL | 682.8 | 700 |
| VBL | 463.95 | 480 |
| VEDL | 458.45 | 460 |
| VOLTAS | 1376.2 | 1400 |
| WIPRO | 250.33 | 250 |
| YESBANK | 21.21 | 21 |
| 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.
