MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
21 Sep 2025 04:12 PM IST
Max Pain for MARUTI is 15600
Strike 13000 has a total call value of 0 versus a total put value of 52,696,000,000 Combined total value = 52,696,000,000
Strike 13100 has a total call value of 500,000 versus a total put value of 50,121,000,000 Combined total value = 50,121,500,000
Strike 13200 has a total call value of 1,000,000 versus a total put value of 47,546,000,000 Combined total value = 47,547,000,000
Strike 13300 has a total call value of 1,500,000 versus a total put value of 44,971,000,000 Combined total value = 44,972,500,000
Strike 13400 has a total call value of 2,000,000 versus a total put value of 42,396,000,000 Combined total value = 42,398,000,000
Strike 13500 has a total call value of 2,500,000 versus a total put value of 39,825,000,000 Combined total value = 39,827,500,000
Strike 13600 has a total call value of 3,000,000 versus a total put value of 37,254,000,000 Combined total value = 37,257,000,000
Strike 13700 has a total call value of 3,500,000 versus a total put value of 34,683,000,000 Combined total value = 34,686,500,000
Strike 13800 has a total call value of 4,000,000 versus a total put value of 32,112,000,000 Combined total value = 32,116,000,000
Strike 13900 has a total call value of 4,500,000 versus a total put value of 29,541,000,000 Combined total value = 29,545,500,000
Strike 14000 has a total call value of 5,000,000 versus a total put value of 26,970,000,000 Combined total value = 26,975,000,000
Strike 14100 has a total call value of 5,500,000 versus a total put value of 24,768,000,000 Combined total value = 24,773,500,000
Strike 14200 has a total call value of 6,000,000 versus a total put value of 22,566,000,000 Combined total value = 22,572,000,000
Strike 14300 has a total call value of 6,500,000 versus a total put value of 20,364,000,000 Combined total value = 20,370,500,000
Strike 14400 has a total call value of 7,000,000 versus a total put value of 18,162,000,000 Combined total value = 18,169,000,000
Strike 14500 has a total call value of 7,500,000 versus a total put value of 15,960,000,000 Combined total value = 15,967,500,000
Strike 14600 has a total call value of 8,000,000 versus a total put value of 13,949,000,000 Combined total value = 13,957,000,000
Strike 14700 has a total call value of 8,500,000 versus a total put value of 11,938,000,000 Combined total value = 11,946,500,000
Strike 14800 has a total call value of 9,000,000 versus a total put value of 9,929,000,000 Combined total value = 9,938,000,000
Strike 14900 has a total call value of 24,000,000 versus a total put value of 7,949,000,000 Combined total value = 7,973,000,000
Strike 15000 has a total call value of 39,000,000 versus a total put value of 5,973,000,000 Combined total value = 6,012,000,000
Strike 15100 has a total call value of 256,500,000 versus a total put value of 5,037,500,000 Combined total value = 5,294,000,000
Strike 15200 has a total call value of 475,000,000 versus a total put value of 4,141,500,000 Combined total value = 4,616,500,000
Strike 15300 has a total call value of 709,500,000 versus a total put value of 3,270,500,000 Combined total value = 3,980,000,000
Strike 15400 has a total call value of 954,000,000 versus a total put value of 2,429,500,000 Combined total value = 3,383,500,000
Strike 15500 has a total call value of 1,203,500,000 versus a total put value of 1,622,000,000 Combined total value = 2,825,500,000
Strike 15600 has a total call value of 1,579,500,000 versus a total put value of 1,210,000,000 Combined total value = 2,789,500,000
Strike 15700 has a total call value of 1,970,000,000 versus a total put value of 823,500,000 Combined total value = 2,793,500,000
Strike 15800 has a total call value of 2,373,500,000 versus a total put value of 496,500,000 Combined total value = 2,870,000,000
Strike 15900 has a total call value of 2,813,500,000 versus a total put value of 248,500,000 Combined total value = 3,062,000,000
Strike 16000 has a total call value of 3,281,500,000 versus a total put value of 5,000,000 Combined total value = 3,286,500,000
Strike 16100 has a total call value of 4,243,500,000 versus a total put value of 4,500,000 Combined total value = 4,248,000,000
Strike 16200 has a total call value of 5,220,000,000 versus a total put value of 4,000,000 Combined total value = 5,224,000,000
Strike 16300 has a total call value of 6,196,500,000 versus a total put value of 3,500,000 Combined total value = 6,200,000,000
Strike 16400 has a total call value of 7,174,500,000 versus a total put value of 3,000,000 Combined total value = 7,177,500,000
Strike 16500 has a total call value of 8,274,500,000 versus a total put value of 2,500,000 Combined total value = 8,277,000,000
Strike 16600 has a total call value of 9,746,500,000 versus a total put value of 2,000,000 Combined total value = 9,748,500,000
Strike 16700 has a total call value of 11,303,500,000 versus a total put value of 1,500,000 Combined total value = 11,305,000,000
Strike 16800 has a total call value of 12,860,500,000 versus a total put value of 1,000,000 Combined total value = 12,861,500,000
Strike 16900 has a total call value of 14,466,000,000 versus a total put value of 500,000 Combined total value = 14,466,500,000
Strike 17000 has a total call value of 16,071,500,000 versus a total put value of 0 Combined total value = 16,071,500,000
Strike 17100 has a total call value of 18,117,500,000 versus a total put value of 0 Combined total value = 18,117,500,000
Strike 17200 has a total call value of 20,163,500,000 versus a total put value of 0 Combined total value = 20,163,500,000
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.
