M&M

Mahindra & Mahindra Ltd

3396.5 -133.50 (-3.78%)

L: 3391.6 H: 3547.5

Max pain for M&M
25 Oct 2025 02:21 PM IST

Market Closed

Expiry

Max Pain for M&M is 3550

Historical data for M&M-3550-CE

Ltp (3550 CE)

77.6 -5.7

Open Interest

876 -4

Historical data for M&M-3550-PE

Ltp (3550 PE)

7.9 -4.1

Open Interest

2461 377

Strike 2800 has a total call value of 0 versus a total put value of 165,411,000,000 Combined total value = 165,411,000,000

Strike 2850 has a total call value of 0 versus a total put value of 152,533,000,000 Combined total value = 152,533,000,000

Strike 2900 has a total call value of 0 versus a total put value of 139,655,000,000 Combined total value = 139,655,000,000

Strike 2950 has a total call value of 0 versus a total put value of 126,882,000,000 Combined total value = 126,882,000,000

Strike 3000 has a total call value of 0 versus a total put value of 114,242,000,000 Combined total value = 114,242,000,000

Strike 3050 has a total call value of 0 versus a total put value of 102,059,000,000 Combined total value = 102,059,000,000

Strike 3100 has a total call value of 6,000,000 versus a total put value of 89,974,000,000 Combined total value = 89,980,000,000

Strike 3150 has a total call value of 30,000,000 versus a total put value of 78,163,000,000 Combined total value = 78,193,000,000

Strike 3200 has a total call value of 54,000,000 versus a total put value of 66,527,000,000 Combined total value = 66,581,000,000

Strike 3250 has a total call value of 134,000,000 versus a total put value of 55,341,000,000 Combined total value = 55,475,000,000

Strike 3300 has a total call value of 214,000,000 versus a total put value of 44,394,000,000 Combined total value = 44,608,000,000

Strike 3350 has a total call value of 458,000,000 versus a total put value of 34,435,000,000 Combined total value = 34,893,000,000

Strike 3400 has a total call value of 914,000,000 versus a total put value of 25,005,000,000 Combined total value = 25,919,000,000

Strike 3450 has a total call value of 1,801,000,000 versus a total put value of 16,711,000,000 Combined total value = 18,512,000,000

Strike 3500 has a total call value of 3,340,000,000 versus a total put value of 9,869,000,000 Combined total value = 13,209,000,000

Strike 3550 has a total call value of 6,418,000,000 versus a total put value of 4,815,000,000 Combined total value = 11,233,000,000

Strike 3600 has a total call value of 10,372,000,000 versus a total put value of 2,222,000,000 Combined total value = 12,594,000,000

Strike 3650 has a total call value of 16,087,000,000 versus a total put value of 950,000,000 Combined total value = 17,037,000,000

Strike 3700 has a total call value of 23,572,000,000 versus a total put value of 331,000,000 Combined total value = 23,903,000,000

Strike 3750 has a total call value of 34,934,000,000 versus a total put value of 88,000,000 Combined total value = 35,022,000,000

Strike 3800 has a total call value of 48,820,000,000 versus a total put value of 0 Combined total value = 48,820,000,000

Strike 3850 has a total call value of 64,033,000,000 versus a total put value of 0 Combined total value = 64,033,000,000

Strike 3900 has a total call value of 79,785,000,000 versus a total put value of 0 Combined total value = 79,785,000,000

Strike 3950 has a total call value of 96,603,000,000 versus a total put value of 0 Combined total value = 96,603,000,000

Strike 4000 has a total call value of 113,952,000,000 versus a total put value of 0 Combined total value = 113,952,000,000

Strike 4050 has a total call value of 132,701,000,000 versus a total put value of 0 Combined total value = 132,701,000,000

Strike 4100 has a total call value of 151,450,000,000 versus a total put value of 0 Combined total value = 151,450,000,000

Strike 4150 has a total call value of 170,347,000,000 versus a total put value of 0 Combined total value = 170,347,000,000

Strike 4200 has a total call value of 189,244,000,000 versus a total put value of 0 Combined total value = 189,244,000,000

Max-Pain Table for Stocks

Max-Pain Table Expiry

Note:- click on symbol to see more detailed view

Max Pain Table (Stocks)
Symbol	Symbol Ltp	Max Pain
360ONE	1001.8	1140
ABB	5173.4	5200
ABCAPITAL	278.9	300
ADANIENSOL	879.2	930
ADANIENT	2543.7	2560
ADANIGREEN	1047.4	1060
ADANIPORTS	1392	1440
ALKEM	5433	5550
AMBER	8162.5	8200
AMBUJACEM	565.2	580
ANGELONE	2136.4	2400
APLAPOLLO	1660.1	1720
APOLLOHOSP	7510	7800
ASHOKLEY	141.93	137.5
ASIANPAINT	2342.8	2440
ASTRAL	1373.8	1440
AUBANK	743.2	840
AUROPHARMA	1090	1100
AXISBANK	1154	1190
BAJAJ-AUTO	8702	9000
BAJAJFINSV	2003.2	2080
BAJFINANCE	985.1	1050
BANDHANBNK	155.02	165
BANKBARODA	248.45	260
BANKINDIA	116.33	130
BDL	1497.8	1550
BEL	395.9	410
BHARATFORG	1181.1	1260
BHARTIARTL	1916.6	1960
BHEL	231.01	237.5
BIOCON	338.9	360
BLUESTARCO	1890.1	1960
BOSCHLTD	38150	39000
BPCL	324.35	335
BRITANNIA	5920.5	6000
BSE	2043.2	2400
CAMS	3800	3900
CANBK	118.08	125
CDSL	1467.7	1580
CGPOWER	739.4	750
CHOLAFIN	1569.9	1660
CIPLA	1499.4	1590
COALINDIA	389.15	390
COFORGE	1538.5	1700
COLPAL	2224.3	2260
CONCOR	524.8	540
CROMPTON	292.6	300
CUMMINSIND	3947.6	4100
CYIENT	1134.1	1180
DABUR	499.75	500
DALBHARAT	2215.4	2140
DELHIVERY	445.7	465
DIVISLAB	5689.5	6400
DIXON	17511	16000
DLF	716.05	760
DMART	4517.8	4300
DRREDDY	1253.1	1270
EICHERMOT	7047	6900
ETERNAL	321	330
EXIDEIND	388.8	400
FEDERALBNK	191.82	220
FORTIS	932.75	1040
GAIL	172.02	180
GLENMARK	1971.7	1900
GMRAIRPORT	87.28	91
GODREJCP	1163.9	1140
GODREJPROP	1957.6	2200
GRASIM	2746.8	2820
HAL	4736.1	4800
HAVELLS	1507.4	1500
HCLTECH	1395.3	1500
HDFCAMC	5621	5650
HDFCBANK	945.05	990
HDFCLIFE	764.4	750
HEROMOTOCO	5328	5550
HFCL	72.1	75
HINDALCO	743.85	800
HINDPETRO	422.25	440
HINDUNILVR	2511.8	2540
HINDZINC	449.1	490
HUDCO	220.05	230
ICICIBANK	1359.6	1390
ICICIGI	1894	1960
ICICIPRULI	585.5	600
IDEA	8.02	9
IDFCFIRSTB	68.59	75
IEX	137.76	142.5
IGL	202.26	215
IIFL	419.35	480
INDHOTEL	709.8	740
INDIANB	706.35	800
INDIGO	5561	5750
INDUSINDBK	712.75	750
INDUSTOWER	346.3	355
INFY	1448.9	1480
INOXWIND	137.46	150
IOC	145.04	152
IRCTC	703.1	720
IREDA	146.28	155
IRFC	121.91	125
ITC	405.1	410
JINDALSTEL	1029.5	1030
JIOFIN	295.85	310
JSWENERGY	520.1	530
JSWSTEEL	1130.8	1150
JUBLFOOD	606.9	600
KALYANKJIL	455.8	490
KAYNES	7341	7000
KEI	4049.3	4200
KFINTECH	1070.8	1140
KOTAKBANK	1994.8	2140
KPITTECH	1212.8	1180
LAURUSLABS	832.3	900
LICHSGFIN	564.95	580
LICI	872.45	900
LODHA	1141.1	1160
LT	3729.5	3800
LTF	236.29	262.5
LTIM	5075	5550
LUPIN	1919.8	1960
M&M	3396.5	3550
MANAPPURAM	276.9	285
MANKIND	2482.9	2450
MARICO	698.35	720
MARUTI	16286	16100
MAXHEALTH	1123.4	1180
MAZDOCK	2827.6	2850
MCX	7920.5	9000
MFSL	1545.6	1560
MOTHERSON	105.66	106
MPHASIS	2642.4	2800
MUTHOOTFIN	3020.3	3200
NATIONALUM	200.58	230
NAUKRI	1316.2	1380
NBCC	105.18	111
NCC	202.51	210
NESTLEIND	1162.6	1230
NHPC	83.64	86
NMDC	74.99	76
NTPC	337.9	340
NUVAMA	6115	7000
NYKAA	230.62	255
OBEROIRLTY	1577.7	1660
OFSS	8515	8700
OIL	410.25	420
ONGC	238.02	250
PAGEIND	41240	41500
PATANJALI	589	590
PAYTM	1125.2	1260
PERSISTENT	4951	5600
PETRONET	266.9	285
PFC	397.3	410
PGEL	514.65	560
PHOENIXLTD	1540.4	1660
PIDILITIND	1474.8	1510
PIIND	3487.6	3600
PNB	107.79	117
PNBHOUSING	864.1	890
POLICYBZR	1677.1	1700
POLYCAB	7322.5	7500
POWERGRID	282.25	290
POWERINDIA	0	17250
PPLPHARMA	187.73	200
PRESTIGE	1507.4	1680
RBLBANK	272.35	295
RECLTD	367.4	380
RELIANCE	1377.6	1420
RVNL	337.8	340
SAIL	131.02	132
SAMMAANCAP	137.82	170
SBICARD	873.85	920
SBILIFE	1798.8	1800
SBIN	856.95	885
SHREECEM	28910	29000
SHRIRAMFIN	606.05	680
SIEMENS	3096.3	3150
SILVER	0	150000
SILVERM	142014	150000
SOLARINDS	13766	14000
SONACOMS	407.1	460
SRF	2806.9	3100
SUNPHARMA	1586.7	1680
SUPREMEIND	4234.2	4150
SUZLON	55.28	55
SYNGENE	609.45	640
TATACONSUM	1119	1150
TATAELXSI	5303	5400
TATAMOTORS	672.9	360
TATAPOWER	383.8	400
TATASTEEL	167.4	175
TATATECH	667.3	700
TCS	2899.1	3020
TECHM	1407.7	1460
TIINDIA	3129.1	3200
TITAGARH	879.25	900
TITAN	3327.3	3600
TORNTPHARM	3561	3550
TORNTPOWER	1233.3	1300
TRENT	4679	4800
TVSMOTOR	3414.4	3550
ULTRACEMCO	12070	12200
UNIONBANK	134.08	140
UNITDSPR	1297.4	1350
UNOMINDA	1268.9	1240
UPL	648	680
VBL	444.75	460
VEDL	447.95	480
VOLTAS	1340.2	1400
WIPRO	235.75	245
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.

Related Pages for M&M

M&M

360ONE

ABB

ABCAPITAL

ADANIENSOL

ADANIENT

ADANIGREEN

ADANIPORTS

ALKEM

AMBER

AMBUJACEM

ANGELONE

APLAPOLLO

APOLLOHOSP

ASHOKLEY

ASIANPAINT

ASTRAL

AUBANK

AUROPHARMA

AXISBANK

BAJAJ-AUTO

BAJAJFINSV

BAJFINANCE

BANDHANBNK

BANKBARODA

BANKEX

BANKINDIA

BANKNIFTY

BDL

BEL

BHARATFORG

BHARTIARTL

BHEL

BIOCON

BLUESTARCO

BOSCHLTD

BPCL

BRITANNIA

BSE

CAMS

CANBK

CDSL

CGPOWER

CHOLAFIN

CIPLA

COALINDIA

COFORGE

COLPAL

CONCOR

COPPER

CROMPTON

CRUDEOIL

CRUDEOILM

CUMMINSIND

CYIENT

DABUR

DALBHARAT

DELHIVERY

DIVISLAB

DIXON

DLF

DMART

DRREDDY

EICHERMOT

ETERNAL

EURINR

EURUSD

EXIDEIND

FEDERALBNK

FINNIFTY

FORTIS

GAIL

GBPINR

GBPUSD

GLENMARK

GMRAIRPORT

GODREJCP

GODREJPROP

GOLD