HINDUNILVR
Hindustan Unilever Ltd.
Max pain for HINDUNILVR
21 Sep 2025 04:13 PM ISTNext Refresh in
Max Pain for HINDUNILVR is 2600
Strike 2200 has a total call value of 0 versus a total put value of 115,350,600,000 Combined total value = 115,350,600,000
Strike 2220 has a total call value of 1,200,000 versus a total put value of 108,941,400,000 Combined total value = 108,942,600,000
Strike 2240 has a total call value of 2,400,000 versus a total put value of 102,532,200,000 Combined total value = 102,534,600,000
Strike 2260 has a total call value of 3,600,000 versus a total put value of 96,123,000,000 Combined total value = 96,126,600,000
Strike 2280 has a total call value of 4,800,000 versus a total put value of 89,713,800,000 Combined total value = 89,718,600,000
Strike 2300 has a total call value of 6,000,000 versus a total put value of 83,304,600,000 Combined total value = 83,310,600,000
Strike 2320 has a total call value of 7,200,000 versus a total put value of 76,961,400,000 Combined total value = 76,968,600,000
Strike 2340 has a total call value of 8,400,000 versus a total put value of 70,618,200,000 Combined total value = 70,626,600,000
Strike 2360 has a total call value of 9,600,000 versus a total put value of 64,275,000,000 Combined total value = 64,284,600,000
Strike 2380 has a total call value of 10,800,000 versus a total put value of 57,931,800,000 Combined total value = 57,942,600,000
Strike 2400 has a total call value of 12,000,000 versus a total put value of 51,592,200,000 Combined total value = 51,604,200,000
Strike 2420 has a total call value of 64,200,000 versus a total put value of 45,669,000,000 Combined total value = 45,733,200,000
Strike 2440 has a total call value of 116,400,000 versus a total put value of 39,969,600,000 Combined total value = 40,086,000,000
Strike 2460 has a total call value of 168,600,000 versus a total put value of 34,549,800,000 Combined total value = 34,718,400,000
Strike 2480 has a total call value of 246,600,000 versus a total put value of 29,362,200,000 Combined total value = 29,608,800,000
Strike 2500 has a total call value of 355,200,000 versus a total put value of 24,437,400,000 Combined total value = 24,792,600,000
Strike 2520 has a total call value of 565,200,000 versus a total put value of 20,232,000,000 Combined total value = 20,797,200,000
Strike 2540 has a total call value of 816,600,000 versus a total put value of 16,282,800,000 Combined total value = 17,099,400,000
Strike 2560 has a total call value of 1,166,400,000 versus a total put value of 12,763,200,000 Combined total value = 13,929,600,000
Strike 2580 has a total call value of 1,774,800,000 versus a total put value of 9,769,200,000 Combined total value = 11,544,000,000
Strike 2600 has a total call value of 3,130,200,000 versus a total put value of 7,250,400,000 Combined total value = 10,380,600,000
Strike 2620 has a total call value of 6,411,600,000 versus a total put value of 5,709,600,000 Combined total value = 12,121,200,000
Strike 2640 has a total call value of 10,429,800,000 versus a total put value of 4,437,000,000 Combined total value = 14,866,800,000
Strike 2660 has a total call value of 15,453,600,000 versus a total put value of 3,343,800,000 Combined total value = 18,797,400,000
Strike 2680 has a total call value of 21,429,600,000 versus a total put value of 2,387,400,000 Combined total value = 23,817,000,000
Strike 2700 has a total call value of 28,353,000,000 versus a total put value of 1,565,400,000 Combined total value = 29,918,400,000
Strike 2720 has a total call value of 39,612,000,000 versus a total put value of 1,141,200,000 Combined total value = 40,753,200,000
Strike 2740 has a total call value of 52,718,400,000 versus a total put value of 796,200,000 Combined total value = 53,514,600,000
Strike 2760 has a total call value of 66,900,600,000 versus a total put value of 616,800,000 Combined total value = 67,517,400,000
Strike 2780 has a total call value of 82,597,800,000 versus a total put value of 437,400,000 Combined total value = 83,035,200,000
Strike 2800 has a total call value of 98,745,600,000 versus a total put value of 258,000,000 Combined total value = 99,003,600,000
Strike 2820 has a total call value of 118,740,600,000 versus a total put value of 206,400,000 Combined total value = 118,947,000,000
Strike 2840 has a total call value of 139,048,800,000 versus a total put value of 154,800,000 Combined total value = 139,203,600,000
Strike 2860 has a total call value of 159,679,800,000 versus a total put value of 103,200,000 Combined total value = 159,783,000,000
Strike 2880 has a total call value of 180,481,800,000 versus a total put value of 51,600,000 Combined total value = 180,533,400,000
Strike 2900 has a total call value of 201,994,800,000 versus a total put value of 0 Combined total value = 201,994,800,000
Strike 2920 has a total call value of 224,115,000,000 versus a total put value of 0 Combined total value = 224,115,000,000
Strike 2940 has a total call value of 246,535,200,000 versus a total put value of 0 Combined total value = 246,535,200,000
Strike 2960 has a total call value of 269,058,600,000 versus a total put value of 0 Combined total value = 269,058,600,000
Strike 2980 has a total call value of 291,691,800,000 versus a total put value of 0 Combined total value = 291,691,800,000
Strike 3000 has a total call value of 314,325,000,000 versus a total put value of 0 Combined total value = 314,325,000,000
Strike 3020 has a total call value of 337,386,000,000 versus a total put value of 0 Combined total value = 337,386,000,000
Strike 3040 has a total call value of 360,447,000,000 versus a total put value of 0 Combined total value = 360,447,000,000
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.
