SILVER
Max pain for SILVER
22 Sep 2025 08:00 PM ISTNext Refresh in
Max Pain for SILVER is 127000
Strike 105000 has a total call value of 0 versus a total put value of 40,034,250,000 Combined total value = 40,034,250,000
Strike 105250 has a total call value of 0 versus a total put value of 39,508,500,000 Combined total value = 39,508,500,000
Strike 105500 has a total call value of 0 versus a total put value of 38,982,750,000 Combined total value = 38,982,750,000
Strike 105750 has a total call value of 0 versus a total put value of 38,457,000,000 Combined total value = 38,457,000,000
Strike 106000 has a total call value of 0 versus a total put value of 37,931,250,000 Combined total value = 37,931,250,000
Strike 106250 has a total call value of 0 versus a total put value of 37,405,500,000 Combined total value = 37,405,500,000
Strike 106500 has a total call value of 0 versus a total put value of 36,879,750,000 Combined total value = 36,879,750,000
Strike 106750 has a total call value of 0 versus a total put value of 36,354,000,000 Combined total value = 36,354,000,000
Strike 107000 has a total call value of 0 versus a total put value of 35,828,250,000 Combined total value = 35,828,250,000
Strike 107250 has a total call value of 0 versus a total put value of 35,302,500,000 Combined total value = 35,302,500,000
Strike 107500 has a total call value of 0 versus a total put value of 34,776,750,000 Combined total value = 34,776,750,000
Strike 107750 has a total call value of 0 versus a total put value of 34,251,000,000 Combined total value = 34,251,000,000
Strike 108000 has a total call value of 0 versus a total put value of 33,725,250,000 Combined total value = 33,725,250,000
Strike 108250 has a total call value of 0 versus a total put value of 33,199,500,000 Combined total value = 33,199,500,000
Strike 108500 has a total call value of 0 versus a total put value of 32,673,750,000 Combined total value = 32,673,750,000
Strike 108750 has a total call value of 0 versus a total put value of 32,148,000,000 Combined total value = 32,148,000,000
Strike 109000 has a total call value of 0 versus a total put value of 31,622,250,000 Combined total value = 31,622,250,000
Strike 109250 has a total call value of 0 versus a total put value of 31,096,500,000 Combined total value = 31,096,500,000
Strike 109500 has a total call value of 0 versus a total put value of 30,570,750,000 Combined total value = 30,570,750,000
Strike 109750 has a total call value of 0 versus a total put value of 30,045,000,000 Combined total value = 30,045,000,000
Strike 110000 has a total call value of 0 versus a total put value of 29,519,250,000 Combined total value = 29,519,250,000
Strike 110250 has a total call value of 0 versus a total put value of 28,993,500,000 Combined total value = 28,993,500,000
Strike 110500 has a total call value of 0 versus a total put value of 28,467,750,000 Combined total value = 28,467,750,000
Strike 110750 has a total call value of 0 versus a total put value of 27,942,000,000 Combined total value = 27,942,000,000
Strike 111000 has a total call value of 0 versus a total put value of 27,416,250,000 Combined total value = 27,416,250,000
Strike 111250 has a total call value of 0 versus a total put value of 26,890,500,000 Combined total value = 26,890,500,000
Strike 111500 has a total call value of 0 versus a total put value of 26,364,750,000 Combined total value = 26,364,750,000
Strike 111750 has a total call value of 0 versus a total put value of 25,839,000,000 Combined total value = 25,839,000,000
Strike 112000 has a total call value of 0 versus a total put value of 25,313,250,000 Combined total value = 25,313,250,000
Strike 112250 has a total call value of 0 versus a total put value of 24,787,500,000 Combined total value = 24,787,500,000
Strike 112500 has a total call value of 0 versus a total put value of 24,261,750,000 Combined total value = 24,261,750,000
Strike 112750 has a total call value of 0 versus a total put value of 23,736,000,000 Combined total value = 23,736,000,000
Strike 113000 has a total call value of 0 versus a total put value of 23,210,250,000 Combined total value = 23,210,250,000
Strike 113250 has a total call value of 0 versus a total put value of 22,684,500,000 Combined total value = 22,684,500,000
Strike 113500 has a total call value of 0 versus a total put value of 22,158,750,000 Combined total value = 22,158,750,000
Strike 113750 has a total call value of 0 versus a total put value of 21,633,000,000 Combined total value = 21,633,000,000
Strike 114000 has a total call value of 0 versus a total put value of 21,107,250,000 Combined total value = 21,107,250,000
Strike 114250 has a total call value of 0 versus a total put value of 20,581,500,000 Combined total value = 20,581,500,000
Strike 114500 has a total call value of 0 versus a total put value of 20,055,750,000 Combined total value = 20,055,750,000
Strike 114750 has a total call value of 0 versus a total put value of 19,530,000,000 Combined total value = 19,530,000,000
Strike 115000 has a total call value of 0 versus a total put value of 19,004,250,000 Combined total value = 19,004,250,000
Strike 115250 has a total call value of 0 versus a total put value of 18,504,000,000 Combined total value = 18,504,000,000
Strike 115500 has a total call value of 0 versus a total put value of 18,003,750,000 Combined total value = 18,003,750,000
Strike 115750 has a total call value of 0 versus a total put value of 17,503,500,000 Combined total value = 17,503,500,000
Strike 116000 has a total call value of 0 versus a total put value of 17,003,250,000 Combined total value = 17,003,250,000
Strike 116250 has a total call value of 0 versus a total put value of 16,503,000,000 Combined total value = 16,503,000,000
Strike 116500 has a total call value of 0 versus a total put value of 16,002,750,000 Combined total value = 16,002,750,000
Strike 116750 has a total call value of 0 versus a total put value of 15,502,500,000 Combined total value = 15,502,500,000
Strike 117000 has a total call value of 0 versus a total put value of 15,002,250,000 Combined total value = 15,002,250,000
Strike 117250 has a total call value of 0 versus a total put value of 14,502,000,000 Combined total value = 14,502,000,000
Strike 117500 has a total call value of 0 versus a total put value of 14,001,750,000 Combined total value = 14,001,750,000
Strike 117750 has a total call value of 0 versus a total put value of 13,501,500,000 Combined total value = 13,501,500,000
Strike 118000 has a total call value of 0 versus a total put value of 13,001,250,000 Combined total value = 13,001,250,000
Strike 118250 has a total call value of 0 versus a total put value of 12,501,000,000 Combined total value = 12,501,000,000
Strike 118500 has a total call value of 0 versus a total put value of 12,000,750,000 Combined total value = 12,000,750,000
Strike 118750 has a total call value of 0 versus a total put value of 11,500,500,000 Combined total value = 11,500,500,000
Strike 119000 has a total call value of 0 versus a total put value of 11,000,250,000 Combined total value = 11,000,250,000
Strike 119250 has a total call value of 0 versus a total put value of 10,500,000,000 Combined total value = 10,500,000,000
Strike 119500 has a total call value of 0 versus a total put value of 9,999,750,000 Combined total value = 9,999,750,000
Strike 119750 has a total call value of 0 versus a total put value of 9,499,500,000 Combined total value = 9,499,500,000
Strike 120000 has a total call value of 0 versus a total put value of 8,999,250,000 Combined total value = 8,999,250,000
Strike 120250 has a total call value of 43,500,000 versus a total put value of 8,709,750,000 Combined total value = 8,753,250,000
Strike 120500 has a total call value of 87,000,000 versus a total put value of 8,420,250,000 Combined total value = 8,507,250,000
Strike 120750 has a total call value of 130,500,000 versus a total put value of 8,130,750,000 Combined total value = 8,261,250,000
Strike 121000 has a total call value of 174,000,000 versus a total put value of 7,841,250,000 Combined total value = 8,015,250,000
Strike 121250 has a total call value of 217,500,000 versus a total put value of 7,551,750,000 Combined total value = 7,769,250,000
Strike 121500 has a total call value of 261,000,000 versus a total put value of 7,262,250,000 Combined total value = 7,523,250,000
Strike 121750 has a total call value of 304,500,000 versus a total put value of 6,972,750,000 Combined total value = 7,277,250,000
Strike 122000 has a total call value of 348,000,000 versus a total put value of 6,683,250,000 Combined total value = 7,031,250,000
Strike 122250 has a total call value of 391,500,000 versus a total put value of 6,393,750,000 Combined total value = 6,785,250,000
Strike 122500 has a total call value of 435,000,000 versus a total put value of 6,104,250,000 Combined total value = 6,539,250,000
Strike 122750 has a total call value of 478,500,000 versus a total put value of 5,814,750,000 Combined total value = 6,293,250,000
Strike 123000 has a total call value of 522,000,000 versus a total put value of 5,525,250,000 Combined total value = 6,047,250,000
Strike 123250 has a total call value of 565,500,000 versus a total put value of 5,235,750,000 Combined total value = 5,801,250,000
Strike 123500 has a total call value of 609,000,000 versus a total put value of 4,946,250,000 Combined total value = 5,555,250,000
Strike 123750 has a total call value of 652,500,000 versus a total put value of 4,656,750,000 Combined total value = 5,309,250,000
Strike 124000 has a total call value of 696,000,000 versus a total put value of 4,367,250,000 Combined total value = 5,063,250,000
Strike 124250 has a total call value of 739,500,000 versus a total put value of 4,080,000,000 Combined total value = 4,819,500,000
Strike 124500 has a total call value of 783,000,000 versus a total put value of 3,792,750,000 Combined total value = 4,575,750,000
Strike 124750 has a total call value of 826,500,000 versus a total put value of 3,505,500,000 Combined total value = 4,332,000,000
Strike 125000 has a total call value of 870,000,000 versus a total put value of 3,218,250,000 Combined total value = 4,088,250,000
Strike 125250 has a total call value of 999,000,000 versus a total put value of 3,071,250,000 Combined total value = 4,070,250,000
Strike 125500 has a total call value of 1,128,000,000 versus a total put value of 2,924,250,000 Combined total value = 4,052,250,000
Strike 125750 has a total call value of 1,257,000,000 versus a total put value of 2,777,250,000 Combined total value = 4,034,250,000
Strike 126000 has a total call value of 1,386,000,000 versus a total put value of 2,630,250,000 Combined total value = 4,016,250,000
Strike 126250 has a total call value of 1,526,250,000 versus a total put value of 2,483,250,000 Combined total value = 4,009,500,000
Strike 126500 has a total call value of 1,666,500,000 versus a total put value of 2,336,250,000 Combined total value = 4,002,750,000
Strike 126750 has a total call value of 1,806,750,000 versus a total put value of 2,189,250,000 Combined total value = 3,996,000,000
Strike 127000 has a total call value of 1,947,000,000 versus a total put value of 2,042,250,000 Combined total value = 3,989,250,000
Strike 127250 has a total call value of 2,094,000,000 versus a total put value of 1,895,250,000 Combined total value = 3,989,250,000
Strike 127500 has a total call value of 2,241,000,000 versus a total put value of 1,748,250,000 Combined total value = 3,989,250,000
Strike 127750 has a total call value of 2,388,000,000 versus a total put value of 1,601,250,000 Combined total value = 3,989,250,000
Strike 128000 has a total call value of 2,535,000,000 versus a total put value of 1,454,250,000 Combined total value = 3,989,250,000
Strike 128250 has a total call value of 2,685,000,000 versus a total put value of 1,326,750,000 Combined total value = 4,011,750,000
Strike 128500 has a total call value of 2,835,000,000 versus a total put value of 1,199,250,000 Combined total value = 4,034,250,000
Strike 128750 has a total call value of 2,985,000,000 versus a total put value of 1,071,750,000 Combined total value = 4,056,750,000
Strike 129000 has a total call value of 3,135,000,000 versus a total put value of 944,250,000 Combined total value = 4,079,250,000
Strike 129250 has a total call value of 3,296,250,000 versus a total put value of 816,750,000 Combined total value = 4,113,000,000
Strike 129500 has a total call value of 3,457,500,000 versus a total put value of 689,250,000 Combined total value = 4,146,750,000
Strike 129750 has a total call value of 3,618,750,000 versus a total put value of 561,750,000 Combined total value = 4,180,500,000
Strike 130000 has a total call value of 3,780,000,000 versus a total put value of 435,000,000 Combined total value = 4,215,000,000
Strike 130250 has a total call value of 4,209,000,000 versus a total put value of 405,750,000 Combined total value = 4,614,750,000
Strike 130500 has a total call value of 4,638,000,000 versus a total put value of 376,500,000 Combined total value = 5,014,500,000
Strike 130750 has a total call value of 5,067,000,000 versus a total put value of 347,250,000 Combined total value = 5,414,250,000
Strike 131000 has a total call value of 5,496,000,000 versus a total put value of 318,000,000 Combined total value = 5,814,000,000
Strike 131250 has a total call value of 5,927,250,000 versus a total put value of 290,250,000 Combined total value = 6,217,500,000
Strike 131500 has a total call value of 6,358,500,000 versus a total put value of 262,500,000 Combined total value = 6,621,000,000
Strike 131750 has a total call value of 6,789,750,000 versus a total put value of 234,750,000 Combined total value = 7,024,500,000
Strike 132000 has a total call value of 7,221,000,000 versus a total put value of 207,000,000 Combined total value = 7,428,000,000
Strike 132250 has a total call value of 7,692,000,000 versus a total put value of 188,250,000 Combined total value = 7,880,250,000
Strike 132500 has a total call value of 8,163,000,000 versus a total put value of 169,500,000 Combined total value = 8,332,500,000
Strike 132750 has a total call value of 8,634,000,000 versus a total put value of 150,750,000 Combined total value = 8,784,750,000
Strike 133000 has a total call value of 9,105,000,000 versus a total put value of 132,000,000 Combined total value = 9,237,000,000
Strike 133250 has a total call value of 9,602,250,000 versus a total put value of 115,500,000 Combined total value = 9,717,750,000
Strike 133500 has a total call value of 10,099,500,000 versus a total put value of 99,000,000 Combined total value = 10,198,500,000
Strike 133750 has a total call value of 10,596,750,000 versus a total put value of 82,500,000 Combined total value = 10,679,250,000
Strike 134000 has a total call value of 11,094,000,000 versus a total put value of 66,000,000 Combined total value = 11,160,000,000
Strike 134250 has a total call value of 11,592,000,000 versus a total put value of 49,500,000 Combined total value = 11,641,500,000
Strike 134500 has a total call value of 12,090,000,000 versus a total put value of 33,000,000 Combined total value = 12,123,000,000
Strike 134750 has a total call value of 12,588,000,000 versus a total put value of 16,500,000 Combined total value = 12,604,500,000
Strike 135000 has a total call value of 13,086,000,000 versus a total put value of 0 Combined total value = 13,086,000,000
Strike 135250 has a total call value of 13,830,750,000 versus a total put value of 0 Combined total value = 13,830,750,000
Strike 135500 has a total call value of 14,575,500,000 versus a total put value of 0 Combined total value = 14,575,500,000
Strike 135750 has a total call value of 15,320,250,000 versus a total put value of 0 Combined total value = 15,320,250,000
Strike 136000 has a total call value of 16,065,000,000 versus a total put value of 0 Combined total value = 16,065,000,000
Strike 136250 has a total call value of 16,810,500,000 versus a total put value of 0 Combined total value = 16,810,500,000
Strike 136500 has a total call value of 17,556,000,000 versus a total put value of 0 Combined total value = 17,556,000,000
Strike 136750 has a total call value of 18,301,500,000 versus a total put value of 0 Combined total value = 18,301,500,000
Strike 137000 has a total call value of 19,047,000,000 versus a total put value of 0 Combined total value = 19,047,000,000
Strike 137250 has a total call value of 19,800,750,000 versus a total put value of 0 Combined total value = 19,800,750,000
Strike 137500 has a total call value of 20,554,500,000 versus a total put value of 0 Combined total value = 20,554,500,000
Strike 137750 has a total call value of 21,308,250,000 versus a total put value of 0 Combined total value = 21,308,250,000
Strike 138000 has a total call value of 22,062,000,000 versus a total put value of 0 Combined total value = 22,062,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1010.7 | 1100 |
| ABB | 5155.1 | 5300 |
| ABCAPITAL | 284.65 | 290 |
| ADANIENSOL | 891.9 | 860 |
| ADANIENT | 2584.3 | 2500 |
| ADANIGREEN | 1071.6 | 1000 |
| ADANIPORTS | 1411.6 | 1400 |
| ALKEM | 5444 | 5500 |
| AMBER | 8238.5 | 8000 |
| AMBUJACEM | 573 | 585 |
| ANGELONE | 2177.1 | 2300 |
| APLAPOLLO | 1685.5 | 1680 |
| APOLLOHOSP | 7554 | 7800 |
| ASHOKLEY | 141.57 | 135 |
| ASIANPAINT | 2363 | 2500 |
| ASTRAL | 1400.7 | 1440 |
| AUBANK | 757.15 | 710 |
| AUROPHARMA | 1080.2 | 1100 |
| AXISBANK | 1165.4 | 1100 |
| BAJAJ-AUTO | 8835 | 9100 |
| BAJAJFINSV | 2009 | 2040 |
| BAJFINANCE | 1000.9 | 980 |
| BANDHANBNK | 156.97 | 165 |
| BANKBARODA | 250.26 | 245 |
| BANKINDIA | 118.31 | 117.5 |
| BDL | 1532 | 1550 |
| BEL | 402 | 400 |
| BHARATFORG | 1200.5 | 1220 |
| BHARTIARTL | 1926 | 1920 |
| BHEL | 231.73 | 230 |
| BIOCON | 343.15 | 365 |
| BLUESTARCO | 1911.6 | 1920 |
| BOSCHLTD | 38625 | 40000 |
| BPCL | 324.9 | 325 |
| BRITANNIA | 5949 | 6100 |
| BSE | 2054.3 | 2200 |
| CAMS | 3827.6 | 4000 |
| CANBK | 119.55 | 115 |
| CDSL | 1487.1 | 1580 |
| CGPOWER | 749.2 | 760 |
| CHOLAFIN | 1587.8 | 1540 |
| CIPLA | 1492.3 | 1560 |
| COALINDIA | 390 | 390 |
| COFORGE | 1570.9 | 1740 |
| COLPAL | 2230 | 2360 |
| CONCOR | 529.2 | 560 |
| CROMPTON | 294.35 | 320 |
| CUMMINSIND | 3971.9 | 4000 |
| CYIENT | 1162.3 | 1240 |
| DABUR | 496 | 540 |
| DALBHARAT | 2248.8 | 2400 |
| DELHIVERY | 450.6 | 475 |
| DIVISLAB | 5785 | 6100 |
| DIXON | 18028 | 18000 |
| DLF | 720.4 | 780 |
| DMART | 4555.6 | 4700 |
| DRREDDY | 1262.2 | 1300 |
| EICHERMOT | 7054.5 | 6700 |
| ETERNAL | 328.4 | 330 |
| EXIDEIND | 396.85 | 415 |
| FEDERALBNK | 191.53 | 197.5 |
| FORTIS | 940.6 | 950 |
| GAIL | 172.08 | 180 |
| GLENMARK | 1983 | 2060 |
| GMRAIRPORT | 87.88 | 90 |
| GODREJCP | 1174.3 | 1240 |
| GODREJPROP | 1962.6 | 2050 |
| GRASIM | 2742.1 | 2820 |
| HAL | 4785 | 4800 |
| HAVELLS | 1525 | 1600 |
| HCLTECH | 1404.5 | 1480 |
| HDFCAMC | 5742 | 5800 |
| HDFCBANK | 945.85 | 970 |
| HDFCLIFE | 770.1 | 780 |
| HEROMOTOCO | 5430 | 5350 |
| HFCL | 74.15 | 75 |
| HINDALCO | 736.4 | 740 |
| HINDPETRO | 422.85 | 405 |
| HINDUNILVR | 2515.4 | 2600 |
| HINDZINC | 454.05 | 450 |
| HUDCO | 224.55 | 225 |
| ICICIBANK | 1360.3 | 1410 |
| ICICIGI | 1897.6 | 1880 |
| ICICIPRULI | 589.5 | 610 |
| IDEA | 8.39 | 8 |
| IDFCFIRSTB | 69.27 | 72 |
| IEX | 139 | 147.5 |
| IGL | 202.55 | 215 |
| IIFL | 426.25 | 450 |
| INDHOTEL | 725.4 | 780 |
| INDIANB | 711.65 | 690 |
| INDIGO | 5636 | 5700 |
| INDUSINDBK | 723.6 | 750 |
| INDUSTOWER | 349.65 | 350 |
| INFY | 1463.9 | 1500 |
| INOXWIND | 138.82 | 150 |
| IOC | 144.72 | 145 |
| IRCTC | 708 | 730 |
| IREDA | 148.77 | 150 |
| IRFC | 123.3 | 127.5 |
| ITC | 402.4 | 410 |
| JINDALSTEL | 1045 | 1030 |
| JIOFIN | 299 | 320 |
| JSWENERGY | 524.2 | 530 |
| JSWSTEEL | 1144 | 1100 |
| JUBLFOOD | 616.45 | 630 |
| KALYANKJIL | 453.6 | 520 |
| KAYNES | 7460 | 7000 |
| KEI | 4120.5 | 4150 |
| KFINTECH | 1065.8 | 1150 |
| KOTAKBANK | 1992 | 2000 |
| KPITTECH | 1240.6 | 1280 |
| LAURUSLABS | 862.55 | 910 |
| LICHSGFIN | 569.25 | 580 |
| LICI | 879.35 | 890 |
| LODHA | 1148.8 | 1200 |
| LT | 3738.9 | 3600 |
| LTF | 239.75 | 240 |
| LTIM | 5111 | 5300 |
| LUPIN | 1927.5 | 2020 |
| M&M | 3477.4 | 3550 |
| MANAPPURAM | 279.25 | 285 |
| MANKIND | 2475.8 | 2600 |
| MARICO | 701.4 | 720 |
| MARUTI | 16400 | 15200 |
| MAXHEALTH | 1125.4 | 1160 |
| MAZDOCK | 2865 | 2900 |
| MCX | 7988 | 7900 |
| MFSL | 1566.6 | 1560 |
| MOTHERSON | 104.89 | 105 |
| MPHASIS | 2693 | 3000 |
| MUTHOOTFIN | 3051.7 | 2950 |
| NATIONALUM | 201.3 | 210 |
| NAUKRI | 1346.2 | 1380 |
| NBCC | 106.77 | 107.5 |
| NCC | 204.52 | 215 |
| NESTLEIND | 1164.9 | 1190 |
| NHPC | 84.64 | 85 |
| NMDC | 76.08 | 75 |
| NTPC | 338.2 | 335 |
| NUVAMA | 6167.5 | 6400 |
| NYKAA | 235.51 | 240 |
| OBEROIRLTY | 1594 | 1660 |
| OFSS | 8688 | 9100 |
| OIL | 414.2 | 400 |
| ONGC | 238.9 | 235 |
| PAGEIND | 41850 | 44000 |
| PATANJALI | 597.1 | 600 |
| PAYTM | 1145 | 1200 |
| PERSISTENT | 5068 | 5400 |
| PETRONET | 269 | 285 |
| PFC | 398 | 410 |
| PGEL | 531.55 | 560 |
| PHOENIXLTD | 1564.1 | 1580 |
| PIDILITIND | 1494 | 3080 |
| PIIND | 3525.2 | 3750 |
| PNB | 108.88 | 111 |
| PNBHOUSING | 892.7 | 840 |
| POLICYBZR | 1715.3 | 1800 |
| POLYCAB | 7449.5 | 7400 |
| POWERGRID | 282.1 | 290 |
| PPLPHARMA | 189.87 | 205 |
| PRESTIGE | 1522.1 | 1600 |
| RBLBANK | 275.8 | 260 |
| RECLTD | 369.35 | 380 |
| RELIANCE | 1373.5 | 1400 |
| RVNL | 342.9 | 350 |
| SAIL | 133.16 | 132.5 |
| SBICARD | 872.8 | 870 |
| SBILIFE | 1809.8 | 1840 |
| SBIN | 856.15 | 840 |
| SHREECEM | 29045 | 29750 |
| SHRIRAMFIN | 615.3 | 620 |
| SIEMENS | 3120 | 3250 |
| SOLARINDS | 13928 | 14500 |
| SONACOMS | 407.85 | 440 |
| SRF | 2837.8 | 2950 |
| SUNPHARMA | 1580.5 | 1600 |
| SUPREMEIND | 4250 | 4500 |
| SUZLON | 56.84 | 59 |
| SYNGENE | 620.95 | 660 |
| TATACHEM | 943.2 | 990 |
| TATACONSUM | 1130.4 | 1110 |
| TATAELXSI | 5354 | 5700 |
| TATAMOTORS | 678.15 | 710 |
| TATAPOWER | 386 | 395 |
| TATASTEEL | 168.92 | 170 |
| TATATECH | 674.95 | 710 |
| TCS | 2920.5 | 3120 |
| TECHM | 1427.6 | 1520 |
| TIINDIA | 3155 | 3300 |
| TITAGARH | 895.4 | 920 |
| TITAN | 3388 | 3550 |
| TORNTPHARM | 3518 | 3600 |
| TORNTPOWER | 1242.7 | 1280 |
| TRENT | 4760.5 | 5200 |
| TVSMOTOR | 3444.9 | 3400 |
| ULTRACEMCO | 12076 | 12600 |
| UNIONBANK | 136.02 | 137.5 |
| UNITDSPR | 1306.1 | 1320 |
| UNOMINDA | 1283.7 | 1300 |
| UPL | 655.65 | 700 |
| VBL | 450 | 480 |
| VEDL | 450 | 450 |
| VOLTAS | 1352.9 | 1400 |
| WIPRO | 237.49 | 250 |
| YESBANK | 21.11 | 20 |
| ZYDUSLIFE | 985.5 | 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.
