MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
21 Sep 2025 04:12 PM ISTNext Refresh in
Max Pain for MARUTI is 15200
Strike 11400 has a total call value of 0 versus a total put value of 1,408,834,500,000 Combined total value = 1,408,834,500,000
Strike 11500 has a total call value of 0 versus a total put value of 1,367,154,000,000 Combined total value = 1,367,154,000,000
Strike 11600 has a total call value of 0 versus a total put value of 1,325,473,500,000 Combined total value = 1,325,473,500,000
Strike 11700 has a total call value of 0 versus a total put value of 1,283,793,000,000 Combined total value = 1,283,793,000,000
Strike 11800 has a total call value of 0 versus a total put value of 1,242,112,500,000 Combined total value = 1,242,112,500,000
Strike 11900 has a total call value of 0 versus a total put value of 1,200,432,000,000 Combined total value = 1,200,432,000,000
Strike 12000 has a total call value of 0 versus a total put value of 1,158,751,500,000 Combined total value = 1,158,751,500,000
Strike 12100 has a total call value of 0 versus a total put value of 1,117,550,000,000 Combined total value = 1,117,550,000,000
Strike 12200 has a total call value of 0 versus a total put value of 1,076,348,500,000 Combined total value = 1,076,348,500,000
Strike 12300 has a total call value of 0 versus a total put value of 1,035,155,500,000 Combined total value = 1,035,155,500,000
Strike 12400 has a total call value of 0 versus a total put value of 993,962,500,000 Combined total value = 993,962,500,000
Strike 12500 has a total call value of 0 versus a total put value of 952,769,500,000 Combined total value = 952,769,500,000
Strike 12600 has a total call value of 0 versus a total put value of 911,829,000,000 Combined total value = 911,829,000,000
Strike 12700 has a total call value of 0 versus a total put value of 870,914,500,000 Combined total value = 870,914,500,000
Strike 12800 has a total call value of 0 versus a total put value of 830,023,000,000 Combined total value = 830,023,000,000
Strike 12900 has a total call value of 0 versus a total put value of 789,402,000,000 Combined total value = 789,402,000,000
Strike 13000 has a total call value of 0 versus a total put value of 748,781,000,000 Combined total value = 748,781,000,000
Strike 13100 has a total call value of 85,500,000 versus a total put value of 709,718,500,000 Combined total value = 709,804,000,000
Strike 13200 has a total call value of 171,000,000 versus a total put value of 670,656,000,000 Combined total value = 670,827,000,000
Strike 13300 has a total call value of 270,000,000 versus a total put value of 631,593,500,000 Combined total value = 631,863,500,000
Strike 13400 has a total call value of 369,000,000 versus a total put value of 592,713,000,000 Combined total value = 593,082,000,000
Strike 13500 has a total call value of 468,000,000 versus a total put value of 554,026,000,000 Combined total value = 554,494,000,000
Strike 13600 has a total call value of 638,000,000 versus a total put value of 516,503,500,000 Combined total value = 517,141,500,000
Strike 13700 has a total call value of 808,000,000 versus a total put value of 479,111,500,000 Combined total value = 479,919,500,000
Strike 13800 has a total call value of 978,000,000 versus a total put value of 442,059,500,000 Combined total value = 443,037,500,000
Strike 13900 has a total call value of 1,148,000,000 versus a total put value of 405,421,500,000 Combined total value = 406,569,500,000
Strike 14000 has a total call value of 1,318,000,000 versus a total put value of 368,907,500,000 Combined total value = 370,225,500,000
Strike 14100 has a total call value of 2,142,500,000 versus a total put value of 335,826,000,000 Combined total value = 337,968,500,000
Strike 14200 has a total call value of 2,967,000,000 versus a total put value of 303,076,000,000 Combined total value = 306,043,000,000
Strike 14300 has a total call value of 3,924,500,000 versus a total put value of 271,049,000,000 Combined total value = 274,973,500,000
Strike 14400 has a total call value of 4,882,000,000 versus a total put value of 239,514,500,000 Combined total value = 244,396,500,000
Strike 14500 has a total call value of 6,030,000,000 versus a total put value of 208,584,000,000 Combined total value = 214,614,000,000
Strike 14600 has a total call value of 8,139,500,000 versus a total put value of 180,423,500,000 Combined total value = 188,563,000,000
Strike 14700 has a total call value of 10,470,500,000 versus a total put value of 152,916,000,000 Combined total value = 163,386,500,000
Strike 14800 has a total call value of 13,349,500,000 versus a total put value of 126,492,000,000 Combined total value = 139,841,500,000
Strike 14900 has a total call value of 17,364,500,000 versus a total put value of 102,342,500,000 Combined total value = 119,707,000,000
Strike 15000 has a total call value of 23,772,500,000 versus a total put value of 79,655,500,000 Combined total value = 103,428,000,000
Strike 15100 has a total call value of 33,534,500,000 versus a total put value of 62,682,000,000 Combined total value = 96,216,500,000
Strike 15200 has a total call value of 45,625,500,000 versus a total put value of 47,255,000,000 Combined total value = 92,880,500,000
Strike 15300 has a total call value of 60,830,500,000 versus a total put value of 34,494,000,000 Combined total value = 95,324,500,000
Strike 15400 has a total call value of 78,462,500,000 versus a total put value of 24,650,000,000 Combined total value = 103,112,500,000
Strike 15500 has a total call value of 97,629,500,000 versus a total put value of 16,289,500,000 Combined total value = 113,919,000,000
Strike 15600 has a total call value of 119,652,000,000 versus a total put value of 10,465,000,000 Combined total value = 130,117,000,000
Strike 15700 has a total call value of 142,514,500,000 versus a total put value of 6,201,500,000 Combined total value = 148,716,000,000
Strike 15800 has a total call value of 166,527,500,000 versus a total put value of 3,277,000,000 Combined total value = 169,804,500,000
Strike 15900 has a total call value of 192,273,000,000 versus a total put value of 1,604,500,000 Combined total value = 193,877,500,000
Strike 16000 has a total call value of 219,660,500,000 versus a total put value of 543,500,000 Combined total value = 220,204,000,000
Strike 16100 has a total call value of 252,119,000,000 versus a total put value of 305,000,000 Combined total value = 252,424,000,000
Strike 16200 has a total call value of 285,982,500,000 versus a total put value of 167,500,000 Combined total value = 286,150,000,000
Strike 16300 has a total call value of 321,500,500,000 versus a total put value of 108,500,000 Combined total value = 321,609,000,000
Strike 16400 has a total call value of 357,955,500,000 versus a total put value of 62,000,000 Combined total value = 358,017,500,000
Strike 16500 has a total call value of 395,074,500,000 versus a total put value of 22,500,000 Combined total value = 395,097,000,000
Strike 16600 has a total call value of 433,889,500,000 versus a total put value of 7,500,000 Combined total value = 433,897,000,000
Strike 16700 has a total call value of 473,670,000,000 versus a total put value of 0 Combined total value = 473,670,000,000
Strike 16800 has a total call value of 513,816,500,000 versus a total put value of 0 Combined total value = 513,816,500,000
Strike 16900 has a total call value of 554,840,500,000 versus a total put value of 0 Combined total value = 554,840,500,000
Strike 17000 has a total call value of 595,954,500,000 versus a total put value of 0 Combined total value = 595,954,500,000
Strike 17100 has a total call value of 639,061,500,000 versus a total put value of 0 Combined total value = 639,061,500,000
Strike 17200 has a total call value of 682,168,500,000 versus a total put value of 0 Combined total value = 682,168,500,000
Strike 17300 has a total call value of 725,866,000,000 versus a total put value of 0 Combined total value = 725,866,000,000
Strike 17400 has a total call value of 769,563,500,000 versus a total put value of 0 Combined total value = 769,563,500,000
Strike 17500 has a total call value of 813,901,000,000 versus a total put value of 0 Combined total value = 813,901,000,000
Strike 17600 has a total call value of 858,238,500,000 versus a total put value of 0 Combined total value = 858,238,500,000
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.
