MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
28 Sep 2025 10:08 PM IST
Max Pain for MARUTI is 16000
Strike 13000 has a total call value of 0 versus a total put value of 188,766,000,000 Combined total value = 188,766,000,000
Strike 13100 has a total call value of 0 versus a total put value of 180,982,000,000 Combined total value = 180,982,000,000
Strike 13200 has a total call value of 0 versus a total put value of 173,198,000,000 Combined total value = 173,198,000,000
Strike 13300 has a total call value of 0 versus a total put value of 165,425,500,000 Combined total value = 165,425,500,000
Strike 13400 has a total call value of 0 versus a total put value of 157,653,000,000 Combined total value = 157,653,000,000
Strike 13500 has a total call value of 0 versus a total put value of 149,902,500,000 Combined total value = 149,902,500,000
Strike 13600 has a total call value of 500,000 versus a total put value of 142,153,000,000 Combined total value = 142,153,500,000
Strike 13700 has a total call value of 1,000,000 versus a total put value of 134,403,500,000 Combined total value = 134,404,500,000
Strike 13800 has a total call value of 1,500,000 versus a total put value of 126,654,000,000 Combined total value = 126,655,500,000
Strike 13900 has a total call value of 2,000,000 versus a total put value of 118,915,000,000 Combined total value = 118,917,000,000
Strike 14000 has a total call value of 2,500,000 versus a total put value of 111,197,000,000 Combined total value = 111,199,500,000
Strike 14100 has a total call value of 59,000,000 versus a total put value of 103,825,000,000 Combined total value = 103,884,000,000
Strike 14200 has a total call value of 115,500,000 versus a total put value of 96,459,500,000 Combined total value = 96,575,000,000
Strike 14300 has a total call value of 172,000,000 versus a total put value of 89,094,000,000 Combined total value = 89,266,000,000
Strike 14400 has a total call value of 228,500,000 versus a total put value of 81,728,500,000 Combined total value = 81,957,000,000
Strike 14500 has a total call value of 285,000,000 versus a total put value of 74,369,500,000 Combined total value = 74,654,500,000
Strike 14600 has a total call value of 368,000,000 versus a total put value of 67,786,500,000 Combined total value = 68,154,500,000
Strike 14700 has a total call value of 451,000,000 versus a total put value of 61,214,000,000 Combined total value = 61,665,000,000
Strike 14800 has a total call value of 534,000,000 versus a total put value of 54,671,000,000 Combined total value = 55,205,000,000
Strike 14900 has a total call value of 638,000,000 versus a total put value of 48,215,000,000 Combined total value = 48,853,000,000
Strike 15000 has a total call value of 742,000,000 versus a total put value of 41,805,500,000 Combined total value = 42,547,500,000
Strike 15100 has a total call value of 1,181,000,000 versus a total put value of 37,125,500,000 Combined total value = 38,306,500,000
Strike 15200 has a total call value of 1,620,000,000 versus a total put value of 32,516,000,000 Combined total value = 34,136,000,000
Strike 15300 has a total call value of 2,081,500,000 versus a total put value of 28,046,500,000 Combined total value = 30,128,000,000
Strike 15400 has a total call value of 2,543,000,000 versus a total put value of 23,720,000,000 Combined total value = 26,263,000,000
Strike 15500 has a total call value of 3,011,000,000 versus a total put value of 19,529,500,000 Combined total value = 22,540,500,000
Strike 15600 has a total call value of 3,772,500,000 versus a total put value of 16,420,000,000 Combined total value = 20,192,500,000
Strike 15700 has a total call value of 4,556,500,000 versus a total put value of 13,413,500,000 Combined total value = 17,970,000,000
Strike 15800 has a total call value of 5,361,500,000 versus a total put value of 10,540,500,000 Combined total value = 15,902,000,000
Strike 15900 has a total call value of 6,277,500,000 versus a total put value of 7,855,000,000 Combined total value = 14,132,500,000
Strike 16000 has a total call value of 7,244,500,000 versus a total put value of 5,275,000,000 Combined total value = 12,519,500,000
Strike 16100 has a total call value of 9,396,000,000 versus a total put value of 3,967,000,000 Combined total value = 13,363,000,000
Strike 16200 has a total call value of 11,657,500,000 versus a total put value of 2,822,000,000 Combined total value = 14,479,500,000
Strike 16300 has a total call value of 14,198,500,000 versus a total put value of 2,005,000,000 Combined total value = 16,203,500,000
Strike 16400 has a total call value of 17,273,500,000 versus a total put value of 1,472,000,000 Combined total value = 18,745,500,000
Strike 16500 has a total call value of 20,645,000,000 versus a total put value of 999,500,000 Combined total value = 21,644,500,000
Strike 16600 has a total call value of 25,211,000,000 versus a total put value of 794,500,000 Combined total value = 26,005,500,000
Strike 16700 has a total call value of 29,929,000,000 versus a total put value of 589,500,000 Combined total value = 30,518,500,000
Strike 16800 has a total call value of 34,739,500,000 versus a total put value of 389,000,000 Combined total value = 35,128,500,000
Strike 16900 has a total call value of 39,727,000,000 versus a total put value of 195,500,000 Combined total value = 39,922,500,000
Strike 17000 has a total call value of 44,902,500,000 versus a total put value of 2,000,000 Combined total value = 44,904,500,000
Strike 17100 has a total call value of 52,367,000,000 versus a total put value of 1,000,000 Combined total value = 52,368,000,000
Strike 17200 has a total call value of 59,881,500,000 versus a total put value of 0 Combined total value = 59,881,500,000
Strike 17300 has a total call value of 67,916,500,000 versus a total put value of 0 Combined total value = 67,916,500,000
Strike 17400 has a total call value of 76,017,500,000 versus a total put value of 0 Combined total value = 76,017,500,000
Strike 17500 has a total call value of 84,303,000,000 versus a total put value of 0 Combined total value = 84,303,000,000
Strike 17600 has a total call value of 92,796,000,000 versus a total put value of 0 Combined total value = 92,796,000,000
Strike 17700 has a total call value of 101,763,000,000 versus a total put value of 0 Combined total value = 101,763,000,000
Strike 17800 has a total call value of 110,730,000,000 versus a total put value of 0 Combined total value = 110,730,000,000
Strike 17900 has a total call value of 119,909,000,000 versus a total put value of 0 Combined total value = 119,909,000,000
Strike 18000 has a total call value of 129,088,000,000 versus a total put value of 0 Combined total value = 129,088,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1001.8 | 1100 |
| ABB | 5173.4 | 5400 |
| ABCAPITAL | 278.9 | 285 |
| ADANIENSOL | 879.2 | 900 |
| ADANIENT | 2543.7 | 2600 |
| ADANIGREEN | 1047.4 | 1100 |
| ADANIPORTS | 1392 | 1440 |
| ALKEM | 5433 | 5500 |
| AMBER | 8162.5 | 8400 |
| AMBUJACEM | 565.2 | 600 |
| ANGELONE | 2136.4 | 2200 |
| APLAPOLLO | 1660.1 | 1700 |
| APOLLOHOSP | 7510 | 7650 |
| ASHOKLEY | 141.93 | 140 |
| ASIANPAINT | 2342.8 | 2420 |
| ASTRAL | 1373.8 | 1460 |
| AUBANK | 743.2 | 740 |
| AUROPHARMA | 1090 | 1100 |
| AXISBANK | 1154 | 1140 |
| BAJAJ-AUTO | 8702 | 9000 |
| BAJAJFINSV | 2003.2 | 2020 |
| BAJFINANCE | 985.1 | 1000 |
| BANDHANBNK | 155.02 | 162.5 |
| BANKBARODA | 248.45 | 250 |
| BANKINDIA | 116.33 | 120 |
| BDL | 1497.8 | 1600 |
| BEL | 395.9 | 400 |
| BHARATFORG | 1181.1 | 1220 |
| BHARTIARTL | 1916.6 | 1920 |
| BHEL | 231.01 | 240 |
| BIOCON | 338.9 | 360 |
| BLUESTARCO | 1890.1 | 1940 |
| BOSCHLTD | 38150 | 39000 |
| BPCL | 324.35 | 330 |
| BRITANNIA | 5920.5 | 6000 |
| BSE | 2043.2 | 2150 |
| CAMS | 3800 | 4000 |
| CANBK | 118.08 | 120 |
| CDSL | 1467.7 | 1540 |
| CGPOWER | 739.4 | 760 |
| CHOLAFIN | 1569.9 | 1580 |
| CIPLA | 1499.4 | 1520 |
| COALINDIA | 389.15 | 400 |
| COFORGE | 1538.5 | 1640 |
| COLPAL | 2224.3 | 2340 |
| CONCOR | 524.8 | 550 |
| CROMPTON | 292.6 | 305 |
| CUMMINSIND | 3947.6 | 4000 |
| CYIENT | 1134.1 | 1200 |
| DABUR | 499.75 | 510 |
| DALBHARAT | 2215.4 | 2320 |
| DELHIVERY | 445.7 | 460 |
| DIVISLAB | 5689.5 | 6000 |
| DIXON | 17511 | 18000 |
| DLF | 716.05 | 740 |
| DMART | 4517.8 | 4600 |
| DRREDDY | 1253.1 | 1300 |
| EICHERMOT | 7047 | 7000 |
| ETERNAL | 321 | 320 |
| EXIDEIND | 388.8 | 400 |
| FEDERALBNK | 191.82 | 200 |
| FORTIS | 932.75 | 930 |
| GAIL | 172.02 | 180 |
| GLENMARK | 1971.7 | 2000 |
| GMRAIRPORT | 87.28 | 90 |
| GODREJCP | 1163.9 | 1200 |
| GODREJPROP | 1957.6 | 2000 |
| GRASIM | 2746.8 | 2800 |
| HAL | 4736.1 | 4800 |
| HAVELLS | 1507.4 | 1560 |
| HCLTECH | 1395.3 | 1440 |
| HDFCAMC | 5621 | 5800 |
| HDFCBANK | 945.05 | 960 |
| HDFCLIFE | 764.4 | 770 |
| HEROMOTOCO | 5328 | 5350 |
| HFCL | 72.1 | 75 |
| HINDALCO | 743.85 | 750 |
| HINDPETRO | 422.25 | 420 |
| HINDUNILVR | 2511.8 | 2600 |
| HINDZINC | 449.1 | 460 |
| HUDCO | 220.05 | 230 |
| ICICIBANK | 1359.6 | 1400 |
| ICICIGI | 1894 | 1900 |
| ICICIPRULI | 585.5 | 600 |
| IDEA | 8.02 | 8 |
| IDFCFIRSTB | 68.59 | 71 |
| IEX | 137.76 | 145 |
| IGL | 202.26 | 210 |
| IIFL | 419.35 | 450 |
| INDHOTEL | 709.8 | 750 |
| INDIANB | 706.35 | 710 |
| INDIGO | 5561 | 5800 |
| INDUSINDBK | 712.75 | 750 |
| INDUSTOWER | 346.3 | 360 |
| INFY | 1448.9 | 1500 |
| INOXWIND | 137.46 | 145 |
| IOC | 145.04 | 147.5 |
| IRCTC | 703.1 | 730 |
| IREDA | 146.28 | 155 |
| IRFC | 121.91 | 130 |
| ITC | 405.1 | 410 |
| JINDALSTEL | 1029.5 | 1050 |
| JIOFIN | 295.85 | 315 |
| JSWENERGY | 520.1 | 530 |
| JSWSTEEL | 1130.8 | 1120 |
| JUBLFOOD | 606.9 | 630 |
| KALYANKJIL | 455.8 | 480 |
| KAYNES | 7341 | 7000 |
| KEI | 4049.3 | 4150 |
| KFINTECH | 1070.8 | 1100 |
| KOTAKBANK | 1994.8 | 2040 |
| KPITTECH | 1212.8 | 1260 |
| LAURUSLABS | 832.3 | 880 |
| LICHSGFIN | 564.95 | 590 |
| LICI | 872.45 | 900 |
| LODHA | 1141.1 | 1200 |
| LT | 3729.5 | 3700 |
| LTF | 236.29 | 240 |
| LTIM | 5075 | 5200 |
| LUPIN | 1919.8 | 2000 |
| M&M | 3396.5 | 3500 |
| MANAPPURAM | 276.9 | 280 |
| MANKIND | 2482.9 | 2600 |
| MARICO | 698.35 | 710 |
| MARUTI | 16286 | 16000 |
| MAXHEALTH | 1123.4 | 1160 |
| MAZDOCK | 2827.6 | 3000 |
| MCX | 7920.5 | 8000 |
| MFSL | 1545.6 | 1600 |
| MOTHERSON | 105.66 | 107.5 |
| MPHASIS | 2642.4 | 2800 |
| MUTHOOTFIN | 3020.3 | 3000 |
| NATIONALUM | 200.58 | 210 |
| NAUKRI | 1316.2 | 1400 |
| NBCC | 105.18 | 110 |
| NCC | 202.51 | 210 |
| NESTLEIND | 1162.6 | 1190 |
| NHPC | 83.64 | 85 |
| NMDC | 74.99 | 78 |
| NTPC | 337.9 | 345 |
| NUVAMA | 6115 | 6200 |
| NYKAA | 230.62 | 240 |
| OBEROIRLTY | 1577.7 | 1640 |
| OFSS | 8515 | 9000 |
| OIL | 410.25 | 420 |
| ONGC | 238.02 | 240 |
| PAGEIND | 41240 | 43000 |
| PATANJALI | 589 | 600 |
| PAYTM | 1125.2 | 1180 |
| PERSISTENT | 4951 | 5200 |
| PETRONET | 266.9 | 280 |
| PFC | 397.3 | 410 |
| PGEL | 514.65 | 540 |
| PHOENIXLTD | 1540.4 | 1600 |
| PIDILITIND | 1474.8 | 1500 |
| PIIND | 3487.6 | 3600 |
| PNB | 107.79 | 110 |
| PNBHOUSING | 864.1 | 860 |
| POLICYBZR | 1677.1 | 1700 |
| POLYCAB | 7322.5 | 7400 |
| POWERGRID | 282.25 | 290 |
| PPLPHARMA | 187.73 | 200 |
| PRESTIGE | 1507.4 | 1560 |
| RBLBANK | 272.35 | 270 |
| RECLTD | 367.4 | 380 |
| RELIANCE | 1377.6 | 1400 |
| RVNL | 337.8 | 350 |
| SAIL | 131.02 | 135 |
| SAMMAANCAP | 137.82 | 140 |
| SBICARD | 873.85 | 880 |
| SBILIFE | 1798.8 | 1800 |
| SBIN | 856.95 | 860 |
| SHREECEM | 28910 | 30000 |
| SHRIRAMFIN | 606.05 | 630 |
| SIEMENS | 3096.3 | 3200 |
| SILVER | 0 | 135000 |
| SILVERM | 142014 | 137000 |
| SOLARINDS | 13766 | 14250 |
| SONACOMS | 407.1 | 420 |
| SRF | 2806.9 | 2900 |
| SUNPHARMA | 1586.7 | 1600 |
| SUPREMEIND | 4234.2 | 4400 |
| SUZLON | 55.28 | 57 |
| SYNGENE | 609.45 | 640 |
| TATACONSUM | 1119 | 1120 |
| TATAELXSI | 5303 | 5500 |
| TATAMOTORS | 672.9 | 700 |
| TATAPOWER | 383.8 | 400 |
| TATASTEEL | 167.4 | 170 |
| TATATECH | 667.3 | 700 |
| TCS | 2899.1 | 3000 |
| TECHM | 1407.7 | 1500 |
| TIINDIA | 3129.1 | 3200 |
| TITAGARH | 879.25 | 900 |
| TITAN | 3327.3 | 3400 |
| TORNTPHARM | 3561 | 3550 |
| TORNTPOWER | 1233.3 | 1300 |
| TRENT | 4679 | 4900 |
| TVSMOTOR | 3414.4 | 3400 |
| ULTRACEMCO | 12070 | 12400 |
| UNIONBANK | 134.08 | 140 |
| UNITDSPR | 1297.4 | 1360 |
| UNOMINDA | 1268.9 | 1300 |
| UPL | 648 | 680 |
| VBL | 444.75 | 460 |
| VEDL | 447.95 | 460 |
| VOLTAS | 1340.2 | 1380 |
| WIPRO | 235.75 | 247.5 |
| YESBANK | 20.97 | 21 |
| ZYDUSLIFE | 975 | 1020 |
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.
