ULTRACEMCO
Ultratech Cement Limited
Max pain for ULTRACEMCO
17 Aug 2025 12:55 AM ISTNext Refresh in
Max Pain for ULTRACEMCO is 11600
Strike 11600 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 11700 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 11800 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 11900 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 12000 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 12100 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 12200 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 12300 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 12400 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 12500 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 12600 has a total call value of 1,500,000 versus a total put value of 0 Combined total value = 1,500,000
Strike 12700 has a total call value of 3,000,000 versus a total put value of 0 Combined total value = 3,000,000
Strike 12800 has a total call value of 4,500,000 versus a total put value of 0 Combined total value = 4,500,000
Strike 12900 has a total call value of 6,000,000 versus a total put value of 0 Combined total value = 6,000,000
Strike 13000 has a total call value of 7,500,000 versus a total put value of 0 Combined total value = 7,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1032.8 | 1040 |
| ABB | 5166 | 5100 |
| ABCAPITAL | 277.85 | 280 |
| ADANIENSOL | 763.55 | 760 |
| ADANIENT | 2286.4 | 2400 |
| ADANIGREEN | 937 | 940 |
| ADANIPORTS | 1335.9 | 1360 |
| ALKEM | 5308 | 5300 |
| AMBER | 7771 | 7500 |
| AMBUJACEM | 571.15 | 580 |
| ANGELONE | 2274.3 | 2300 |
| APLAPOLLO | 1675 | 1600 |
| APOLLOHOSP | 7888 | 7800 |
| ASHOKLEY | 129.07 | 130 |
| ASIANPAINT | 2573.6 | 2540 |
| ASTRAL | 1412.1 | 1420 |
| AUBANK | 698.35 | 720 |
| AUROPHARMA | 1043.5 | 1040 |
| AXISBANK | 1052.2 | 1060 |
| BAJAJ-AUTO | 9156.5 | 9000 |
| BAJAJFINSV | 2018.8 | 1980 |
| BAJFINANCE | 940.8 | 920 |
| BANDHANBNK | 163.41 | 167.5 |
| BANKBARODA | 235.46 | 240 |
| BANKINDIA | 113.12 | 112.5 |
| BDL | 1437.7 | 1500 |
| BEL | 374.3 | 380 |
| BHARATFORG | 1140.4 | 1140 |
| BHARTIARTL | 1889.9 | 1900 |
| BHEL | 214.4 | 215 |
| BIOCON | 358.55 | 360 |
| BLUESTARCO | 1958.2 | 1940 |
| BOSCHLTD | 40830 | 41000 |
| BPCL | 314.95 | 320 |
| BRITANNIA | 6106.5 | 6000 |
| BSE | 2216.8 | 2250 |
| CAMS | 3796.3 | 3800 |
| CANBK | 106.6 | 110 |
| CDSL | 1512.8 | 1520 |
| CGPOWER | 744.65 | 720 |
| CHOLAFIN | 1458.3 | 1480 |
| CIPLA | 1577.6 | 1580 |
| COALINDIA | 391.1 | 385 |
| COFORGE | 1700 | 1740 |
| COLPAL | 2467.6 | 2400 |
| CONCOR | 544.8 | 550 |
| CROMPTON | 330.4 | 330 |
| CUMMINSIND | 3945.6 | 3900 |
| CYIENT | 1187.1 | 1200 |
| DABUR | 554.2 | 545 |
| DALBHARAT | 2408 | 2400 |
| DELHIVERY | 476.7 | 475 |
| DIVISLAB | 6129 | 6200 |
| DIXON | 17977 | 17500 |
| DLF | 762.35 | 780 |
| DMART | 4802.6 | 4750 |
| DRREDDY | 1270.8 | 1260 |
| EICHERMOT | 6470.5 | 6300 |
| ETERNAL | 324.4 | 310 |
| EXIDEIND | 409.75 | 410 |
| FEDERALBNK | 190.67 | 195 |
| FORTIS | 948.15 | 930 |
| GAIL | 174.5 | 180 |
| GLENMARK | 2003.3 | 1980 |
| GMRAIRPORT | 87.14 | 90 |
| GODREJCP | 1252.3 | 1260 |
| GODREJPROP | 2018.2 | 2000 |
| GRASIM | 2820 | 2800 |
| HAL | 4463.9 | 4500 |
| HAVELLS | 1596.7 | 1580 |
| HCLTECH | 1454.7 | 1480 |
| HDFCAMC | 5585 | 5600 |
| HDFCBANK | 964 | 960 |
| HDFCLIFE | 762.65 | 780 |
| HEROMOTOCO | 5389.5 | 5200 |
| HFCL | 70.84 | 72.5 |
| HINDALCO | 741.45 | 730 |
| HINDPETRO | 385.85 | 389.5 |
| HINDUNILVR | 2686.9 | 2680 |
| HINDZINC | 439.45 | 440 |
| HUDCO | 216.29 | 215 |
| ICICIBANK | 1412 | 1410 |
| ICICIGI | 1865.9 | 1880 |
| ICICIPRULI | 609 | 610 |
| IDEA | 6.68 | 7 |
| IDFCFIRSTB | 71.68 | 70 |
| IEX | 142.76 | 145 |
| IGL | 216.99 | 210 |
| IIFL | 436.2 | 440 |
| INDHOTEL | 776 | 780 |
| INDIANB | 667.85 | 660 |
| INDIGO | 5728.5 | 5800 |
| INDUSINDBK | 760.4 | 770 |
| INDUSTOWER | 325 | 330 |
| INFY | 1470.8 | 1500 |
| INOXWIND | 145.39 | 145 |
| IOC | 140.21 | 140 |
| IRCTC | 711.5 | 720 |
| IREDA | 145.89 | 150 |
| IRFC | 122.98 | 125 |
| ITC | 417.5 | 410 |
| JINDALSTEL | 1030.4 | 1010 |
| JIOFIN | 310.55 | 320 |
| JSWENERGY | 505.1 | 510 |
| JSWSTEEL | 1073.5 | 1060 |
| JUBLFOOD | 658.6 | 650 |
| KALYANKJIL | 504.8 | 510 |
| KAYNES | 6770 | 6600 |
| KEI | 4126 | 4100 |
| KFINTECH | 1056.1 | 1050 |
| KOTAKBANK | 1951.7 | 1980 |
| KPITTECH | 1223.4 | 1220 |
| LAURUSLABS | 873.5 | 870 |
| LICHSGFIN | 556.65 | 570 |
| LICI | 881.15 | 880 |
| LODHA | 1201.4 | 1220 |
| LT | 3589 | 3600 |
| LTF | 229.57 | 220 |
| LTIM | 5189 | 5200 |
| LUPIN | 1944.9 | 1940 |
| M&M | 3492 | 3400 |
| MANAPPURAM | 285 | 275 |
| MANKIND | 2581.8 | 2500 |
| MARICO | 742.25 | 730 |
| MARUTI | 14768 | 14700 |
| MAXHEALTH | 1164.3 | 1200 |
| MAZDOCK | 2689 | 2700 |
| MCX | 7717 | 7700 |
| MFSL | 1571.8 | 1600 |
| MOTHERSON | 95.63 | 97.5 |
| MPHASIS | 2881.9 | 2900 |
| MUTHOOTFIN | 2831 | 2700 |
| NATIONALUM | 208.33 | 200 |
| NAUKRI | 1353.1 | 1360 |
| NBCC | 102.5 | 102.5 |
| NCC | 209.3 | 210 |
| NESTLEIND | 1216.4 | 1190 |
| NHPC | 78.52 | 80 |
| NMDC | 73.91 | 73 |
| NTPC | 332.95 | 335 |
| NUVAMA | 6534 | 6500 |
| NYKAA | 239.31 | 230 |
| OBEROIRLTY | 1670.7 | 1680 |
| OFSS | 8354 | 8500 |
| OIL | 395.4 | 400 |
| ONGC | 236.8 | 240 |
| PAGEIND | 44935 | 45000 |
| PATANJALI | 1815.6 | 1800 |
| PAYTM | 1246 | 1240 |
| PERSISTENT | 5307.5 | 5400 |
| PETRONET | 275.45 | 285 |
| PFC | 392 | 400 |
| PGEL | 560.95 | 560 |
| PHOENIXLTD | 1506.6 | 1540 |
| PIDILITIND | 3121.2 | 3100 |
| PIIND | 3747.6 | 3750 |
| PNB | 103.86 | 105 |
| PNBHOUSING | 783.1 | 780 |
| POLICYBZR | 1878.6 | 1850 |
| POLYCAB | 7292 | 7200 |
| POWERGRID | 282.7 | 290 |
| PPLPHARMA | 199.54 | 200 |
| PRESTIGE | 1571.5 | 1600 |
| RBLBANK | 268 | 260 |
| RECLTD | 366.45 | 370 |
| RELIANCE | 1365.5 | 1390 |
| RVNL | 326.6 | 320 |
| SAIL | 128 | 127.5 |
| SAMMAANCAP | 138.75 | 135 |
| SBICARD | 798.45 | 800 |
| SBILIFE | 1800.6 | 1820 |
| SBIN | 811.95 | 820 |
| SHREECEM | 29890 | 30000 |
| SHRIRAMFIN | 587.3 | 600 |
| SIEMENS | 3187 | 3150 |
| SOLARINDS | 13990 | 14000 |
| SONACOMS | 445.5 | 450 |
| SRF | 2916.3 | 2950 |
| SUNPHARMA | 1571.1 | 1580 |
| SUPREMEIND | 4565.4 | 4600 |
| SUZLON | 57.89 | 58 |
| SYNGENE | 659.95 | 650 |
| TATACHEM | 934.5 | 940 |
| TATACONSUM | 1079.2 | 1090 |
| TATAELXSI | 5405 | 5500 |
| TATAMOTORS | 694.5 | 700 |
| TATAPOWER | 385.1 | 390 |
| TATASTEEL | 167.31 | 165 |
| TATATECH | 682.95 | 680 |
| TCS | 3105 | 3140 |
| TECHM | 1507.2 | 1520 |
| TIINDIA | 3025 | 3050 |
| TITAGARH | 843.05 | 840 |
| TITAN | 3698.6 | 3600 |
| TORNTPHARM | 3600 | 3600 |
| TORNTPOWER | 1307.6 | 1300 |
| TRENT | 5582.5 | 5500 |
| TVSMOTOR | 3452 | 3350 |
| ULTRACEMCO | 12731 | 12700 |
| UNIONBANK | 127.98 | 130 |
| UNITDSPR | 1329 | 1340 |
| UNOMINDA | 1287.1 | 1300 |
| UPL | 705.55 | 700 |
| VBL | 495.15 | 500 |
| VEDL | 440.2 | 434 |
| VOLTAS | 1420.5 | 1400 |
| WIPRO | 247.6 | 250 |
| YESBANK | 20.37 | 20 |
| ZYDUSLIFE | 1010.6 | 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.
