HAL
Hindustan Aeronautics Ltd
Max pain for HAL
15 Oct 2025 01:03 AM IST
Max Pain for HAL is 4800
Strike 3900 has a total call value of 0 versus a total put value of 185,938,500,000 Combined total value = 185,938,500,000
Strike 3950 has a total call value of 0 versus a total put value of 173,859,750,000 Combined total value = 173,859,750,000
Strike 4000 has a total call value of 0 versus a total put value of 161,781,000,000 Combined total value = 161,781,000,000
Strike 4050 has a total call value of 16,500,000 versus a total put value of 150,007,500,000 Combined total value = 150,024,000,000
Strike 4100 has a total call value of 33,000,000 versus a total put value of 138,234,000,000 Combined total value = 138,267,000,000
Strike 4150 has a total call value of 49,500,000 versus a total put value of 126,460,500,000 Combined total value = 126,510,000,000
Strike 4200 has a total call value of 66,000,000 versus a total put value of 114,687,000,000 Combined total value = 114,753,000,000
Strike 4250 has a total call value of 106,500,000 versus a total put value of 103,434,750,000 Combined total value = 103,541,250,000
Strike 4300 has a total call value of 147,000,000 versus a total put value of 92,229,750,000 Combined total value = 92,376,750,000
Strike 4350 has a total call value of 187,500,000 versus a total put value of 81,366,000,000 Combined total value = 81,553,500,000
Strike 4400 has a total call value of 228,000,000 versus a total put value of 70,556,250,000 Combined total value = 70,784,250,000
Strike 4450 has a total call value of 358,500,000 versus a total put value of 60,798,750,000 Combined total value = 61,157,250,000
Strike 4500 has a total call value of 489,000,000 versus a total put value of 51,041,250,000 Combined total value = 51,530,250,000
Strike 4550 has a total call value of 846,750,000 versus a total put value of 42,390,750,000 Combined total value = 43,237,500,000
Strike 4600 has a total call value of 1,204,500,000 versus a total put value of 33,852,000,000 Combined total value = 35,056,500,000
Strike 4650 has a total call value of 1,902,750,000 versus a total put value of 26,487,000,000 Combined total value = 28,389,750,000
Strike 4700 has a total call value of 2,651,250,000 versus a total put value of 19,372,500,000 Combined total value = 22,023,750,000
Strike 4750 has a total call value of 4,332,750,000 versus a total put value of 13,860,000,000 Combined total value = 18,192,750,000
Strike 4800 has a total call value of 6,481,500,000 versus a total put value of 8,751,750,000 Combined total value = 15,233,250,000
Strike 4850 has a total call value of 12,168,750,000 versus a total put value of 5,859,000,000 Combined total value = 18,027,750,000
Strike 4900 has a total call value of 18,699,750,000 versus a total put value of 3,357,750,000 Combined total value = 22,057,500,000
Strike 4950 has a total call value of 29,727,750,000 versus a total put value of 2,132,250,000 Combined total value = 31,860,000,000
Strike 5000 has a total call value of 41,163,000,000 versus a total put value of 1,002,000,000 Combined total value = 42,165,000,000
Strike 5050 has a total call value of 58,425,750,000 versus a total put value of 838,500,000 Combined total value = 59,264,250,000
Strike 5100 has a total call value of 75,979,500,000 versus a total put value of 675,000,000 Combined total value = 76,654,500,000
Strike 5150 has a total call value of 95,013,750,000 versus a total put value of 607,500,000 Combined total value = 95,621,250,000
Strike 5200 has a total call value of 114,245,250,000 versus a total put value of 540,000,000 Combined total value = 114,785,250,000
Strike 5250 has a total call value of 135,115,500,000 versus a total put value of 472,500,000 Combined total value = 135,588,000,000
Strike 5300 has a total call value of 156,014,250,000 versus a total put value of 405,000,000 Combined total value = 156,419,250,000
Strike 5350 has a total call value of 177,445,500,000 versus a total put value of 337,500,000 Combined total value = 177,783,000,000
Strike 5400 has a total call value of 198,928,500,000 versus a total put value of 270,000,000 Combined total value = 199,198,500,000
Strike 5450 has a total call value of 222,177,750,000 versus a total put value of 202,500,000 Combined total value = 222,380,250,000
Strike 5500 has a total call value of 245,427,000,000 versus a total put value of 135,000,000 Combined total value = 245,562,000,000
Strike 5550 has a total call value of 268,969,500,000 versus a total put value of 67,500,000 Combined total value = 269,037,000,000
Strike 5600 has a total call value of 292,512,000,000 versus a total put value of 0 Combined total value = 292,512,000,000
Strike 5650 has a total call value of 316,487,250,000 versus a total put value of 0 Combined total value = 316,487,250,000
Strike 5700 has a total call value of 340,462,500,000 versus a total put value of 0 Combined total value = 340,462,500,000
Strike 5750 has a total call value of 364,437,750,000 versus a total put value of 0 Combined total value = 364,437,750,000
Strike 5800 has a total call value of 388,413,000,000 versus a total put value of 0 Combined total value = 388,413,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1001.8 | 1100 |
| ABB | 5173.4 | 5200 |
| ABCAPITAL | 278.9 | 295 |
| ADANIENSOL | 879.2 | 920 |
| ADANIENT | 2543.7 | 2550 |
| ADANIGREEN | 1047.4 | 1060 |
| ADANIPORTS | 1392 | 1420 |
| ALKEM | 5433 | 5500 |
| AMBER | 8162.5 | 8200 |
| AMBUJACEM | 565.2 | 570 |
| ANGELONE | 2136.4 | 2300 |
| APLAPOLLO | 1660.1 | 1700 |
| APOLLOHOSP | 7510 | 7700 |
| ASHOKLEY | 141.93 | 138 |
| ASIANPAINT | 2342.8 | 2360 |
| ASTRAL | 1373.8 | 1420 |
| AUBANK | 743.2 | 760 |
| AUROPHARMA | 1090 | 1100 |
| AXISBANK | 1154 | 1160 |
| BAJAJ-AUTO | 8702 | 8900 |
| BAJAJFINSV | 2003.2 | 2020 |
| BAJFINANCE | 985.1 | 1020 |
| BANDHANBNK | 155.02 | 165 |
| BANKBARODA | 248.45 | 260 |
| BANKINDIA | 116.33 | 125 |
| BDL | 1497.8 | 1540 |
| BEL | 395.9 | 410 |
| BHARATFORG | 1181.1 | 1220 |
| BHARTIARTL | 1916.6 | 1920 |
| BHEL | 231.01 | 240 |
| BIOCON | 338.9 | 350 |
| BLUESTARCO | 1890.1 | 1920 |
| BOSCHLTD | 38150 | 38000 |
| BPCL | 324.35 | 340 |
| BRITANNIA | 5920.5 | 5900 |
| BSE | 2043.2 | 2400 |
| CAMS | 3800 | 3850 |
| CANBK | 118.08 | 125 |
| CDSL | 1467.7 | 1580 |
| CGPOWER | 739.4 | 750 |
| CHOLAFIN | 1569.9 | 1620 |
| CIPLA | 1499.4 | 1540 |
| COALINDIA | 389.15 | 390 |
| COFORGE | 1538.5 | 1680 |
| COLPAL | 2224.3 | 2260 |
| CONCOR | 524.8 | 540 |
| CROMPTON | 292.6 | 290 |
| CUMMINSIND | 3947.6 | 3950 |
| CYIENT | 1134.1 | 1180 |
| DABUR | 499.75 | 490 |
| DALBHARAT | 2215.4 | 2220 |
| DELHIVERY | 445.7 | 465 |
| DIVISLAB | 5689.5 | 6400 |
| DIXON | 17511 | 17000 |
| DLF | 716.05 | 740 |
| DMART | 4517.8 | 4300 |
| DRREDDY | 1253.1 | 1260 |
| EICHERMOT | 7047 | 6950 |
| ETERNAL | 321 | 335 |
| EXIDEIND | 388.8 | 400 |
| FEDERALBNK | 191.82 | 207.5 |
| FORTIS | 932.75 | 1050 |
| GAIL | 172.02 | 180 |
| GLENMARK | 1971.7 | 1940 |
| GMRAIRPORT | 87.28 | 90 |
| GODREJCP | 1163.9 | 1140 |
| GODREJPROP | 1957.6 | 2050 |
| GRASIM | 2746.8 | 2800 |
| HAL | 4736.1 | 4800 |
| HAVELLS | 1507.4 | 1500 |
| HCLTECH | 1395.3 | 1500 |
| HDFCAMC | 5621 | 5600 |
| HDFCBANK | 945.05 | 970 |
| HDFCLIFE | 764.4 | 760 |
| HEROMOTOCO | 5328 | 5500 |
| HFCL | 72.1 | 75 |
| HINDALCO | 743.85 | 770 |
| HINDPETRO | 422.25 | 440 |
| HINDUNILVR | 2511.8 | 2520 |
| HINDZINC | 449.1 | 500 |
| HUDCO | 220.05 | 230 |
| ICICIBANK | 1359.6 | 1380 |
| ICICIGI | 1894 | 1880 |
| ICICIPRULI | 585.5 | 600 |
| IDEA | 8.02 | 9 |
| IDFCFIRSTB | 68.59 | 72 |
| IEX | 137.76 | 140 |
| IGL | 202.26 | 215 |
| IIFL | 419.35 | 480 |
| INDHOTEL | 709.8 | 730 |
| INDIANB | 706.35 | 750 |
| INDIGO | 5561 | 5700 |
| INDUSINDBK | 712.75 | 750 |
| INDUSTOWER | 346.3 | 350 |
| INFY | 1448.9 | 1480 |
| INOXWIND | 137.46 | 147.5 |
| IOC | 145.04 | 152.5 |
| IRCTC | 703.1 | 715 |
| IREDA | 146.28 | 152.5 |
| IRFC | 121.91 | 126 |
| ITC | 405.1 | 405 |
| JINDALSTEL | 1029.5 | 1020 |
| JIOFIN | 295.85 | 310 |
| JSWENERGY | 520.1 | 540 |
| JSWSTEEL | 1130.8 | 1150 |
| JUBLFOOD | 606.9 | 600 |
| KALYANKJIL | 455.8 | 480 |
| KAYNES | 7341 | 7000 |
| KEI | 4049.3 | 4300 |
| KFINTECH | 1070.8 | 1100 |
| KOTAKBANK | 1994.8 | 2100 |
| KPITTECH | 1212.8 | 1160 |
| LAURUSLABS | 832.3 | 870 |
| LICHSGFIN | 564.95 | 580 |
| LICI | 872.45 | 900 |
| LODHA | 1141.1 | 1140 |
| LT | 3729.5 | 3720 |
| LTF | 236.29 | 260 |
| LTIM | 5075 | 5350 |
| LUPIN | 1919.8 | 1960 |
| M&M | 3396.5 | 3450 |
| MANAPPURAM | 276.9 | 285 |
| MANKIND | 2482.9 | 2450 |
| MARICO | 698.35 | 720 |
| MARUTI | 16286 | 16100 |
| MAXHEALTH | 1123.4 | 1140 |
| MAZDOCK | 2827.6 | 2900 |
| MCX | 7920.5 | 8900 |
| MFSL | 1545.6 | 1600 |
| MOTHERSON | 105.66 | 105 |
| MPHASIS | 2642.4 | 2800 |
| MUTHOOTFIN | 3020.3 | 3100 |
| NATIONALUM | 200.58 | 225 |
| NAUKRI | 1316.2 | 1340 |
| NBCC | 105.18 | 110 |
| NCC | 202.51 | 210 |
| NESTLEIND | 1162.6 | 1180 |
| NHPC | 83.64 | 86 |
| NMDC | 74.99 | 77 |
| NTPC | 337.9 | 340 |
| NUVAMA | 6115 | 7000 |
| NYKAA | 230.62 | 255 |
| OBEROIRLTY | 1577.7 | 1600 |
| OFSS | 8515 | 9000 |
| OIL | 410.25 | 420 |
| ONGC | 238.02 | 245 |
| PAGEIND | 41240 | 41500 |
| PATANJALI | 589 | 590 |
| PAYTM | 1125.2 | 1200 |
| PERSISTENT | 4951 | 5300 |
| PETRONET | 266.9 | 285 |
| PFC | 397.3 | 410 |
| PGEL | 514.65 | 560 |
| PHOENIXLTD | 1540.4 | 1620 |
| PIDILITIND | 1474.8 | 1500 |
| PIIND | 3487.6 | 3600 |
| PNB | 107.79 | 115 |
| PNBHOUSING | 864.1 | 860 |
| POLICYBZR | 1677.1 | 1720 |
| POLYCAB | 7322.5 | 7500 |
| POWERGRID | 282.25 | 287.5 |
| PPLPHARMA | 187.73 | 200 |
| PRESTIGE | 1507.4 | 1600 |
| RBLBANK | 272.35 | 270 |
| RECLTD | 367.4 | 380 |
| RELIANCE | 1377.6 | 1390 |
| RVNL | 337.8 | 340 |
| SAIL | 131.02 | 132.5 |
| SAMMAANCAP | 137.82 | 160 |
| SBICARD | 873.85 | 900 |
| SBILIFE | 1798.8 | 1800 |
| SBIN | 856.95 | 870 |
| SHREECEM | 28910 | 29750 |
| SHRIRAMFIN | 606.05 | 660 |
| SIEMENS | 3096.3 | 3100 |
| SILVER | 0 | 150000 |
| SILVERM | 142014 | 151000 |
| SOLARINDS | 13766 | 14000 |
| SONACOMS | 407.1 | 440 |
| SRF | 2806.9 | 3000 |
| SUNPHARMA | 1586.7 | 1660 |
| SUPREMEIND | 4234.2 | 4250 |
| SUZLON | 55.28 | 56 |
| SYNGENE | 609.45 | 640 |
| TATACONSUM | 1119 | 1120 |
| TATAELXSI | 5303 | 5400 |
| TATAMOTORS | 672.9 | 410 |
| TATAPOWER | 383.8 | 395 |
| TATASTEEL | 167.4 | 172.5 |
| TATATECH | 667.3 | 700 |
| TCS | 2899.1 | 3000 |
| TECHM | 1407.7 | 1460 |
| TIINDIA | 3129.1 | 3150 |
| TITAGARH | 879.25 | 900 |
| TITAN | 3327.3 | 3500 |
| TORNTPHARM | 3561 | 3550 |
| TORNTPOWER | 1233.3 | 1260 |
| TRENT | 4679 | 4700 |
| TVSMOTOR | 3414.4 | 3500 |
| ULTRACEMCO | 12070 | 12200 |
| UNIONBANK | 134.08 | 140 |
| UNITDSPR | 1297.4 | 1340 |
| UNOMINDA | 1268.9 | 1260 |
| UPL | 648 | 680 |
| VBL | 444.75 | 450 |
| VEDL | 447.95 | 475 |
| VOLTAS | 1340.2 | 1380 |
| WIPRO | 235.75 | 247.5 |
| 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.
