VBL
Varun Beverages Limited
Max pain for VBL
18 Oct 2025 04:59 PM IST
Max Pain for VBL is 455
Strike 380 has a total call value of 0 versus a total put value of 37,791,237,500 Combined total value = 37,791,237,500
Strike 385 has a total call value of 0 versus a total put value of 34,791,062,500 Combined total value = 34,791,062,500
Strike 390 has a total call value of 0 versus a total put value of 31,790,887,500 Combined total value = 31,790,887,500
Strike 395 has a total call value of 0 versus a total put value of 28,830,687,500 Combined total value = 28,830,687,500
Strike 400 has a total call value of 0 versus a total put value of 25,881,250,000 Combined total value = 25,881,250,000
Strike 405 has a total call value of 28,700,000 versus a total put value of 23,184,475,000 Combined total value = 23,213,175,000
Strike 410 has a total call value of 57,400,000 versus a total put value of 20,514,862,500 Combined total value = 20,572,262,500
Strike 415 has a total call value of 86,100,000 versus a total put value of 17,920,075,000 Combined total value = 18,006,175,000
Strike 420 has a total call value of 125,562,500 versus a total put value of 15,345,787,500 Combined total value = 15,471,350,000
Strike 425 has a total call value of 201,412,500 versus a total put value of 12,969,837,500 Combined total value = 13,171,250,000
Strike 430 has a total call value of 300,837,500 versus a total put value of 10,621,050,000 Combined total value = 10,921,887,500
Strike 435 has a total call value of 441,262,500 versus a total put value of 8,452,150,000 Combined total value = 8,893,412,500
Strike 440 has a total call value of 648,825,000 versus a total put value of 6,409,837,500 Combined total value = 7,058,662,500
Strike 445 has a total call value of 1,004,500,000 versus a total put value of 4,800,587,500 Combined total value = 5,805,087,500
Strike 450 has a total call value of 1,459,087,500 versus a total put value of 3,386,087,500 Combined total value = 4,845,175,000
Strike 455 has a total call value of 2,311,375,000 versus a total put value of 2,491,775,000 Combined total value = 4,803,150,000
Strike 460 has a total call value of 3,221,062,500 versus a total put value of 1,664,600,000 Combined total value = 4,885,662,500
Strike 465 has a total call value of 4,699,112,500 versus a total put value of 1,268,950,000 Combined total value = 5,968,062,500
Strike 470 has a total call value of 6,415,475,000 versus a total put value of 930,700,000 Combined total value = 7,346,175,000
Strike 475 has a total call value of 8,454,200,000 versus a total put value of 732,362,500 Combined total value = 9,186,562,500
Strike 480 has a total call value of 10,712,787,500 versus a total put value of 552,475,000 Combined total value = 11,265,262,500
Strike 485 has a total call value of 13,423,912,500 versus a total put value of 425,887,500 Combined total value = 13,849,800,000
Strike 490 has a total call value of 16,272,387,500 versus a total put value of 299,300,000 Combined total value = 16,571,687,500
Strike 495 has a total call value of 19,379,675,000 versus a total put value of 188,600,000 Combined total value = 19,568,275,000
Strike 500 has a total call value of 22,540,775,000 versus a total put value of 77,900,000 Combined total value = 22,618,675,000
Strike 505 has a total call value of 26,611,562,500 versus a total put value of 58,425,000 Combined total value = 26,669,987,500
Strike 510 has a total call value of 30,683,375,000 versus a total put value of 38,950,000 Combined total value = 30,722,325,000
Strike 515 has a total call value of 34,869,475,000 versus a total put value of 19,475,000 Combined total value = 34,888,950,000
Strike 520 has a total call value of 39,055,575,000 versus a total put value of 0 Combined total value = 39,055,575,000
Strike 525 has a total call value of 43,487,162,500 versus a total put value of 0 Combined total value = 43,487,162,500
Strike 530 has a total call value of 47,918,750,000 versus a total put value of 0 Combined total value = 47,918,750,000
Strike 535 has a total call value of 52,350,337,500 versus a total put value of 0 Combined total value = 52,350,337,500
Strike 540 has a total call value of 56,781,925,000 versus a total put value of 0 Combined total value = 56,781,925,000
Strike 545 has a total call value of 61,278,600,000 versus a total put value of 0 Combined total value = 61,278,600,000
Strike 550 has a total call value of 65,775,275,000 versus a total put value of 0 Combined total value = 65,775,275,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1164.9 | 1140 |
| ABB | 5202 | 5200 |
| ABCAPITAL | 299.3 | 295 |
| ADANIENSOL | 929.7 | 930 |
| ADANIENT | 2549.4 | 2550 |
| ADANIGREEN | 1036.7 | 1060 |
| ADANIPORTS | 1479.4 | 1440 |
| ALKEM | 5581.5 | 5550 |
| AMBER | 8249.5 | 8200 |
| AMBUJACEM | 563.6 | 570 |
| ANGELONE | 2496.5 | 2400 |
| APLAPOLLO | 1754.1 | 1720 |
| APOLLOHOSP | 7901.5 | 7800 |
| ASHOKLEY | 134.51 | 137.5 |
| ASIANPAINT | 2507.8 | 2440 |
| ASTRAL | 1442.4 | 1420 |
| AUBANK | 792.45 | 780 |
| AUROPHARMA | 1101 | 1100 |
| AXISBANK | 1200.2 | 1170 |
| BAJAJ-AUTO | 9150.5 | 9000 |
| BAJAJFINSV | 2083.7 | 2060 |
| BAJFINANCE | 1070.1 | 1040 |
| BANDHANBNK | 160.98 | 165 |
| BANKBARODA | 264.5 | 260 |
| BANKINDIA | 123.11 | 125 |
| BDL | 1540 | 1550 |
| BEL | 412.8 | 410 |
| BHARATFORG | 1241.6 | 1220 |
| BHARTIARTL | 2012 | 1960 |
| BHEL | 232.62 | 240 |
| BIOCON | 356.15 | 355 |
| BLUESTARCO | 1971.4 | 1940 |
| BOSCHLTD | 38755 | 38500 |
| BPCL | 335.85 | 335 |
| BRITANNIA | 6083 | 6000 |
| BSE | 2485.6 | 2400 |
| CAMS | 3795.7 | 3850 |
| CANBK | 125.49 | 125 |
| CDSL | 1611.3 | 1580 |
| CGPOWER | 757.7 | 750 |
| CHOLAFIN | 1654.3 | 1640 |
| CIPLA | 1577.6 | 1550 |
| COALINDIA | 388.8 | 390 |
| COFORGE | 1734.9 | 1700 |
| COLPAL | 2295.3 | 2260 |
| CONCOR | 529.5 | 540 |
| CROMPTON | 287.5 | 295 |
| CUMMINSIND | 3974.9 | 4000 |
| CYIENT | 1170.7 | 1180 |
| DABUR | 508.35 | 500 |
| DALBHARAT | 2245.1 | 2260 |
| DELHIVERY | 465.35 | 460 |
| DIVISLAB | 6621.5 | 6400 |
| DIXON | 16700 | 17000 |
| DLF | 767.95 | 750 |
| DMART | 4302.5 | 4300 |
| DRREDDY | 1255.9 | 1260 |
| EICHERMOT | 7042.5 | 7000 |
| ETERNAL | 342.65 | 340 |
| EXIDEIND | 400.95 | 400 |
| FEDERALBNK | 212.38 | 210 |
| FORTIS | 1084.9 | 1060 |
| GAIL | 177.6 | 180 |
| GLENMARK | 1861.9 | 1900 |
| GMRAIRPORT | 90.15 | 90 |
| GODREJCP | 1132.2 | 1140 |
| GODREJPROP | 2236.2 | 2140 |
| GRASIM | 2836.2 | 2800 |
| HAL | 4878.5 | 4850 |
| HAVELLS | 1491.5 | 1500 |
| HCLTECH | 1486.2 | 1480 |
| HDFCAMC | 5715.5 | 5700 |
| HDFCBANK | 1002.55 | 985 |
| HDFCLIFE | 745.95 | 750 |
| HEROMOTOCO | 5592.5 | 5550 |
| HFCL | 75.46 | 75 |
| HINDALCO | 772.8 | 770 |
| HINDPETRO | 448.6 | 440 |
| HINDUNILVR | 2603.7 | 2540 |
| HINDZINC | 500.25 | 500 |
| HUDCO | 224.56 | 230 |
| ICICIBANK | 1436.6 | 1400 |
| ICICIGI | 2001 | 1980 |
| ICICIPRULI | 595.75 | 600 |
| IDEA | 8.7 | 9 |
| IDFCFIRSTB | 71.88 | 72 |
| IEX | 134.18 | 140 |
| IGL | 208.23 | 215 |
| IIFL | 498.55 | 490 |
| INDHOTEL | 735.4 | 740 |
| INDIANB | 782.35 | 760 |
| INDIGO | 5848 | 5800 |
| INDUSINDBK | 751 | 750 |
| INDUSTOWER | 343 | 350 |
| INFY | 1441.1 | 1460 |
| INOXWIND | 146.28 | 145 |
| IOC | 152.91 | 152.5 |
| IRCTC | 719.3 | 720 |
| IREDA | 151.05 | 152.5 |
| IRFC | 123.52 | 125 |
| ITC | 412.15 | 410 |
| JINDALSTEL | 1007.6 | 1020 |
| JIOFIN | 309.3 | 310 |
| JSWENERGY | 540.8 | 540 |
| JSWSTEEL | 1163.3 | 1160 |
| JUBLFOOD | 592.65 | 600 |
| KALYANKJIL | 489.85 | 480 |
| KAYNES | 7019 | 7000 |
| KEI | 4131.1 | 4200 |
| KFINTECH | 1124.3 | 1100 |
| KOTAKBANK | 2205.8 | 2120 |
| KPITTECH | 1144.8 | 1160 |
| LAURUSLABS | 900.05 | 880 |
| LICHSGFIN | 568.25 | 580 |
| LICI | 885.5 | 900 |
| LODHA | 1186.9 | 1160 |
| LT | 3839.4 | 3800 |
| LTF | 266.26 | 260 |
| LTIM | 5605 | 5600 |
| LUPIN | 1940 | 1960 |
| M&M | 3647.2 | 3550 |
| MANAPPURAM | 283.8 | 285 |
| MANKIND | 2476.6 | 2500 |
| MARICO | 735.15 | 720 |
| MARUTI | 16401 | 16100 |
| MAXHEALTH | 1202.7 | 1160 |
| MAZDOCK | 2818.3 | 2850 |
| MCX | 9328.5 | 9000 |
| MFSL | 1547.6 | 1580 |
| MOTHERSON | 104.7 | 105 |
| MPHASIS | 2693.7 | 2750 |
| MUTHOOTFIN | 3334.5 | 3200 |
| NATIONALUM | 225.35 | 225 |
| NAUKRI | 1328.3 | 1360 |
| NBCC | 111.41 | 111 |
| NCC | 206.35 | 210 |
| NESTLEIND | 1289.5 | 1250 |
| NHPC | 86.74 | 86 |
| NMDC | 74.91 | 76 |
| NTPC | 341 | 340 |
| NUVAMA | 7020.5 | 7000 |
| NYKAA | 261.14 | 255 |
| OBEROIRLTY | 1700.5 | 1680 |
| OFSS | 8780.5 | 8800 |
| OIL | 408.9 | 420 |
| ONGC | 247.69 | 245 |
| PAGEIND | 41040 | 41000 |
| PATANJALI | 587.85 | 590 |
| PAYTM | 1285.3 | 1240 |
| PERSISTENT | 5755.7 | 5600 |
| PETRONET | 275.6 | 285 |
| PFC | 396.45 | 405 |
| PGEL | 588.25 | 570 |
| PHOENIXLTD | 1687.8 | 1660 |
| PIDILITIND | 1542.7 | 1500 |
| PIIND | 3573.1 | 3600 |
| PNB | 113.7 | 115 |
| PNBHOUSING | 838.85 | 860 |
| POLICYBZR | 1646.9 | 1700 |
| POLYCAB | 7439.5 | 7500 |
| POWERGRID | 289.75 | 290 |
| POWERINDIA | 17439 | 17500 |
| PPLPHARMA | 192.64 | 197.5 |
| PRESTIGE | 1706.2 | 1640 |
| RBLBANK | 299.5 | 285 |
| RECLTD | 374.95 | 380 |
| RELIANCE | 1416.8 | 1400 |
| RVNL | 331.65 | 340 |
| SAIL | 128.68 | 132 |
| SAMMAANCAP | 166.76 | 160 |
| SBICARD | 927 | 910 |
| SBILIFE | 1844.1 | 1800 |
| SBIN | 889.15 | 880 |
| SHREECEM | 29690 | 30000 |
| SHRIRAMFIN | 675.5 | 660 |
| SIEMENS | 3121.2 | 3150 |
| SILVER | 157300 | 154000 |
| SILVERM | 159600 | 158000 |
| SOLARINDS | 14058 | 14000 |
| SONACOMS | 462.2 | 460 |
| SRF | 3169.4 | 3100 |
| SUNPHARMA | 1679.1 | 1660 |
| SUPREMEIND | 4209 | 4250 |
| SUZLON | 52.92 | 55 |
| SYNGENE | 638.65 | 630 |
| TATACONSUM | 1166 | 1140 |
| TATAELXSI | 5369.5 | 5400 |
| TATAMOTORS | 396.6 | 390 |
| TATAPOWER | 397.8 | 400 |
| TATASTEEL | 172.22 | 172.5 |
| TATATECH | 685.2 | 700 |
| TCS | 2962.2 | 3000 |
| TECHM | 1447.6 | 1440 |
| TIINDIA | 3136.4 | 3150 |
| TITAGARH | 866.85 | 900 |
| TITAN | 3674.8 | 3550 |
| TORNTPHARM | 3584.3 | 3550 |
| TORNTPOWER | 1311.8 | 1300 |
| TRENT | 4814.4 | 4800 |
| TVSMOTOR | 3654 | 3550 |
| ULTRACEMCO | 12370 | 12300 |
| UNIONBANK | 136.69 | 140 |
| UNITDSPR | 1361.4 | 1350 |
| UNOMINDA | 1217.8 | 1240 |
| UPL | 674.15 | 680 |
| VBL | 461.55 | 455 |
| VEDL | 474.05 | 475 |
| VOLTAS | 1426.6 | 1400 |
| WIPRO | 240.9 | 242.5 |
| YESBANK | 22.25 | 23 |
| ZYDUSLIFE | 987.65 | 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.
