HINDPETRO
Hindustan Petroleum Corp
Max pain for HINDPETRO
22 Sep 2025 08:01 PM IST
Max Pain for HINDPETRO is 405
Strike 339.5 has a total call value of 0 versus a total put value of 48,191,152,500 Combined total value = 48,191,152,500
Strike 340 has a total call value of 0 versus a total put value of 47,713,657,500 Combined total value = 47,713,657,500
Strike 345 has a total call value of 0 versus a total put value of 43,068,307,500 Combined total value = 43,068,307,500
Strike 349.5 has a total call value of 0 versus a total put value of 38,887,492,500 Combined total value = 38,887,492,500
Strike 350 has a total call value of 0 versus a total put value of 38,422,957,500 Combined total value = 38,422,957,500
Strike 354.5 has a total call value of 0 versus a total put value of 34,546,500,000 Combined total value = 34,546,500,000
Strike 355 has a total call value of 0 versus a total put value of 34,120,237,500 Combined total value = 34,120,237,500
Strike 359.5 has a total call value of 0 versus a total put value of 30,318,502,500 Combined total value = 30,318,502,500
Strike 360 has a total call value of 0 versus a total put value of 29,903,175,000 Combined total value = 29,903,175,000
Strike 364.5 has a total call value of 0 versus a total put value of 26,311,027,500 Combined total value = 26,311,027,500
Strike 365 has a total call value of 0 versus a total put value of 25,913,722,500 Combined total value = 25,913,722,500
Strike 369.5 has a total call value of 0 versus a total put value of 22,422,723,750 Combined total value = 22,422,723,750
Strike 370 has a total call value of 0 versus a total put value of 22,034,835,000 Combined total value = 22,034,835,000
Strike 374.5 has a total call value of 53,763,750 versus a total put value of 18,674,145,000 Combined total value = 18,727,908,750
Strike 375 has a total call value of 59,737,500 versus a total put value of 18,300,735,000 Combined total value = 18,360,472,500
Strike 379.5 has a total call value of 113,501,250 versus a total put value of 15,023,880,000 Combined total value = 15,137,381,250
Strike 380 has a total call value of 119,475,000 versus a total put value of 14,664,037,500 Combined total value = 14,783,512,500
Strike 384.5 has a total call value of 306,281,250 versus a total put value of 11,707,942,500 Combined total value = 12,014,223,750
Strike 385 has a total call value of 327,037,500 versus a total put value of 11,386,271,250 Combined total value = 11,713,308,750
Strike 389.5 has a total call value of 641,418,750 versus a total put value of 8,694,438,750 Combined total value = 9,335,857,500
Strike 390 has a total call value of 676,350,000 versus a total put value of 8,422,582,500 Combined total value = 9,098,932,500
Strike 394.5 has a total call value of 1,254,993,750 versus a total put value of 6,358,601,250 Combined total value = 7,613,595,000
Strike 395 has a total call value of 1,324,451,250 versus a total put value of 6,139,293,750 Combined total value = 7,463,745,000
Strike 399.5 has a total call value of 2,080,788,750 versus a total put value of 4,323,172,500 Combined total value = 6,403,961,250
Strike 400 has a total call value of 2,168,572,500 versus a total put value of 4,131,000,000 Combined total value = 6,299,572,500
Strike 404.5 has a total call value of 3,426,097,500 versus a total put value of 2,706,716,250 Combined total value = 6,132,813,750
Strike 405 has a total call value of 3,572,606,250 versus a total put value of 2,558,385,000 Combined total value = 6,130,991,250
Strike 409.5 has a total call value of 5,048,831,250 versus a total put value of 1,373,760,000 Combined total value = 6,422,591,250
Strike 410 has a total call value of 5,218,526,250 versus a total put value of 1,255,905,000 Combined total value = 6,474,431,250
Strike 414.5 has a total call value of 7,204,140,000 versus a total put value of 682,728,750 Combined total value = 7,886,868,750
Strike 415 has a total call value of 7,436,306,250 versus a total put value of 627,547,500 Combined total value = 8,063,853,750
Strike 419.5 has a total call value of 9,826,515,000 versus a total put value of 347,793,750 Combined total value = 10,174,308,750
Strike 420 has a total call value of 10,104,648,750 versus a total put value of 320,962,500 Combined total value = 10,425,611,250
Strike 424.5 has a total call value of 13,236,615,000 versus a total put value of 201,588,750 Combined total value = 13,438,203,750
Strike 425 has a total call value of 13,592,508,750 versus a total put value of 189,945,000 Combined total value = 13,782,453,750
Strike 429.5 has a total call value of 17,414,291,250 versus a total put value of 105,198,750 Combined total value = 17,519,490,000
Strike 430 has a total call value of 17,843,692,500 versus a total put value of 97,503,750 Combined total value = 17,941,196,250
Strike 434.5 has a total call value of 22,497,446,250 versus a total put value of 52,852,500 Combined total value = 22,550,298,750
Strike 435 has a total call value of 23,016,352,500 versus a total put value of 47,891,250 Combined total value = 23,064,243,750
Strike 439.5 has a total call value of 27,946,215,000 versus a total put value of 4,151,250 Combined total value = 27,950,366,250
Strike 440 has a total call value of 28,499,647,500 versus a total put value of 4,050,000 Combined total value = 28,503,697,500
Strike 445 has a total call value of 34,653,622,500 versus a total put value of 3,037,500 Combined total value = 34,656,660,000
Strike 449.5 has a total call value of 40,244,141,250 versus a total put value of 2,126,250 Combined total value = 40,246,267,500
Strike 450 has a total call value of 40,871,486,250 versus a total put value of 2,025,000 Combined total value = 40,873,511,250
Strike 455 has a total call value of 47,398,061,250 versus a total put value of 1,012,500 Combined total value = 47,399,073,750
Strike 459.5 has a total call value of 53,271,978,750 versus a total put value of 101,250 Combined total value = 53,272,080,000
Strike 460 has a total call value of 53,932,837,500 versus a total put value of 0 Combined total value = 53,932,837,500
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1050.4 | 1100 |
| ABB | 5362.8 | 5300 |
| ABCAPITAL | 288.15 | 290 |
| ADANIENSOL | 937.4 | 860 |
| ADANIENT | 2629.5 | 2500 |
| ADANIGREEN | 1152.15 | 1000 |
| ADANIPORTS | 1444.2 | 1400 |
| ALKEM | 5495 | 5500 |
| AMBER | 8310.5 | 8000 |
| AMBUJACEM | 590.3 | 585 |
| ANGELONE | 2248 | 2300 |
| APLAPOLLO | 1679.3 | 1680 |
| APOLLOHOSP | 7739 | 7800 |
| ASHOKLEY | 139.42 | 135 |
| ASIANPAINT | 2482.7 | 2500 |
| ASTRAL | 1438.4 | 1440 |
| AUBANK | 706.05 | 710 |
| AUROPHARMA | 1117.4 | 1100 |
| AXISBANK | 1144.4 | 1100 |
| BAJAJ-AUTO | 9054.5 | 9100 |
| BAJAJFINSV | 2069.5 | 2040 |
| BAJFINANCE | 1006.5 | 980 |
| BANDHANBNK | 163.19 | 165 |
| BANKBARODA | 251.14 | 245 |
| BANKINDIA | 120.53 | 117.5 |
| BDL | 1627.7 | 1550 |
| BEL | 406.4 | 400 |
| BHARATFORG | 1256 | 1220 |
| BHARTIARTL | 1956.2 | 1920 |
| BHEL | 239.6 | 230 |
| BIOCON | 362.15 | 365 |
| BLUESTARCO | 1996.8 | 1920 |
| BOSCHLTD | 39570 | 40000 |
| BPCL | 325.4 | 325 |
| BRITANNIA | 6056.5 | 6100 |
| BSE | 2156.2 | 2200 |
| CAMS | 4014 | 4000 |
| CANBK | 118.87 | 115 |
| CDSL | 1558.5 | 1580 |
| CGPOWER | 770.2 | 760 |
| CHOLAFIN | 1630 | 1540 |
| CIPLA | 1542.2 | 1560 |
| COALINDIA | 394.7 | 390 |
| COFORGE | 1716.9 | 1740 |
| COLPAL | 2344.8 | 2360 |
| CONCOR | 550.15 | 560 |
| CROMPTON | 308.75 | 320 |
| CUMMINSIND | 3990.1 | 4000 |
| CYIENT | 1194.8 | 1240 |
| DABUR | 522.05 | 540 |
| DALBHARAT | 2378.5 | 2400 |
| DELHIVERY | 467.9 | 475 |
| DIVISLAB | 6092.5 | 6100 |
| DIXON | 18082 | 18000 |
| DLF | 773.75 | 780 |
| DMART | 4671.2 | 4700 |
| DRREDDY | 1301.4 | 1300 |
| EICHERMOT | 6946 | 6700 |
| ETERNAL | 341.85 | 330 |
| EXIDEIND | 403.85 | 415 |
| FEDERALBNK | 195 | 197.5 |
| FORTIS | 966.25 | 950 |
| GAIL | 180.95 | 180 |
| GLENMARK | 2017.8 | 2060 |
| GMRAIRPORT | 91.17 | 90 |
| GODREJCP | 1232.2 | 1240 |
| GODREJPROP | 2103.7 | 2050 |
| GRASIM | 2854.1 | 2820 |
| HAL | 4808.7 | 4800 |
| HAVELLS | 1581.3 | 1600 |
| HCLTECH | 1439.9 | 1480 |
| HDFCAMC | 5827.5 | 5800 |
| HDFCBANK | 964.2 | 970 |
| HDFCLIFE | 787.8 | 780 |
| HEROMOTOCO | 5429.5 | 5350 |
| HFCL | 74.85 | 75 |
| HINDALCO | 745.7 | 740 |
| HINDPETRO | 412.75 | 405 |
| HINDUNILVR | 2572.2 | 2600 |
| HINDZINC | 459.25 | 450 |
| HUDCO | 239.96 | 225 |
| ICICIBANK | 1401.5 | 1410 |
| ICICIGI | 1886.3 | 1880 |
| ICICIPRULI | 609.5 | 610 |
| IDEA | 8.39 | 8 |
| IDFCFIRSTB | 70.92 | 72 |
| IEX | 146.09 | 147.5 |
| IGL | 211.56 | 215 |
| IIFL | 450.1 | 450 |
| INDHOTEL | 769.4 | 780 |
| INDIANB | 704.55 | 690 |
| INDIGO | 5747.5 | 5700 |
| INDUSINDBK | 734.3 | 750 |
| INDUSTOWER | 356 | 350 |
| INFY | 1499.5 | 1500 |
| INOXWIND | 152.43 | 150 |
| IOC | 148.3 | 145 |
| IRCTC | 727.1 | 730 |
| IREDA | 159.06 | 150 |
| IRFC | 128.54 | 127.5 |
| ITC | 406.95 | 410 |
| JINDALSTEL | 1032.45 | 1030 |
| JIOFIN | 313.85 | 320 |
| JSWENERGY | 542.95 | 530 |
| JSWSTEEL | 1117 | 1100 |
| JUBLFOOD | 622.8 | 630 |
| KALYANKJIL | 505.25 | 520 |
| KAYNES | 7083.5 | 7000 |
| KEI | 4131.4 | 4150 |
| KFINTECH | 1093.9 | 1150 |
| KOTAKBANK | 2021.7 | 2000 |
| KPITTECH | 1262.4 | 1280 |
| LAURUSLABS | 903.8 | 910 |
| LICHSGFIN | 587.3 | 580 |
| LICI | 904.5 | 890 |
| LODHA | 1212.3 | 1200 |
| LT | 3644.5 | 3600 |
| LTF | 248.09 | 240 |
| LTIM | 5260 | 5300 |
| LUPIN | 2004.4 | 2020 |
| M&M | 3584.8 | 3550 |
| MANAPPURAM | 293.9 | 285 |
| MANKIND | 2594.9 | 2600 |
| MARICO | 716.85 | 720 |
| MARUTI | 15816 | 15200 |
| MAXHEALTH | 1171.6 | 1160 |
| MAZDOCK | 2976.4 | 2900 |
| MCX | 7989.5 | 7900 |
| MFSL | 1556.7 | 1560 |
| MOTHERSON | 109.95 | 105 |
| MPHASIS | 2852.4 | 3000 |
| MUTHOOTFIN | 3047.6 | 2950 |
| NATIONALUM | 210.94 | 210 |
| NAUKRI | 1417.7 | 1380 |
| NBCC | 114.95 | 107.5 |
| NCC | 213.93 | 215 |
| NESTLEIND | 1188.3 | 1190 |
| NHPC | 87.73 | 85 |
| NMDC | 76.86 | 75 |
| NTPC | 339.2 | 335 |
| NUVAMA | 6280.5 | 6400 |
| NYKAA | 242.4 | 240 |
| OBEROIRLTY | 1673.9 | 1660 |
| OFSS | 9056.5 | 9100 |
| OIL | 409.25 | 400 |
| ONGC | 237.47 | 235 |
| PAGEIND | 43405 | 44000 |
| PATANJALI | 597.4 | 600 |
| PAYTM | 1196.2 | 1200 |
| PERSISTENT | 5271 | 5400 |
| PETRONET | 275.9 | 285 |
| PFC | 408.85 | 410 |
| PGEL | 561 | 560 |
| PHOENIXLTD | 1638.3 | 1580 |
| PIDILITIND | 3038 | 3080 |
| PIIND | 3668.9 | 3750 |
| PNB | 113.04 | 111 |
| PNBHOUSING | 859.05 | 840 |
| POLICYBZR | 1796.6 | 1800 |
| POLYCAB | 7657 | 7400 |
| POWERGRID | 286.65 | 290 |
| PPLPHARMA | 202.71 | 205 |
| PRESTIGE | 1617.4 | 1600 |
| RBLBANK | 269.7 | 260 |
| RECLTD | 384 | 380 |
| RELIANCE | 1390.6 | 1400 |
| RVNL | 358.9 | 350 |
| SAIL | 135.49 | 132.5 |
| SBICARD | 869.05 | 870 |
| SBILIFE | 1857.7 | 1840 |
| SBIN | 855.25 | 840 |
| SHREECEM | 29705 | 29750 |
| SHRIRAMFIN | 627.85 | 620 |
| SIEMENS | 3243.5 | 3250 |
| SOLARINDS | 14464 | 14500 |
| SONACOMS | 420.6 | 440 |
| SRF | 2914 | 2950 |
| SUNPHARMA | 1644 | 1600 |
| SUPREMEIND | 4371.9 | 4500 |
| SUZLON | 59.93 | 59 |
| SYNGENE | 655.3 | 660 |
| TATACHEM | 973.95 | 990 |
| TATACONSUM | 1130.1 | 1110 |
| TATAELXSI | 5607 | 5700 |
| TATAMOTORS | 696.25 | 710 |
| TATAPOWER | 395.3 | 395 |
| TATASTEEL | 171.39 | 170 |
| TATATECH | 702.25 | 710 |
| TCS | 3073.8 | 3120 |
| TECHM | 1505.4 | 1520 |
| TIINDIA | 3350.1 | 3300 |
| TITAGARH | 933.9 | 920 |
| TITAN | 3457.5 | 3550 |
| TORNTPHARM | 3655.9 | 3600 |
| TORNTPOWER | 1268.6 | 1280 |
| TRENT | 5010.5 | 5200 |
| TVSMOTOR | 3525.6 | 3400 |
| ULTRACEMCO | 12650 | 12600 |
| UNIONBANK | 138.81 | 137.5 |
| UNITDSPR | 1339.9 | 1320 |
| UNOMINDA | 1312.7 | 1300 |
| UPL | 682.8 | 700 |
| VBL | 463.95 | 480 |
| VEDL | 458.45 | 450 |
| VOLTAS | 1376.2 | 1400 |
| WIPRO | 250.33 | 250 |
| YESBANK | 21.21 | 20 |
| 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.
