CRUDEOIL
Crude Oil
Max pain for CRUDEOIL
15 Jan 2025 11:29 PM IST
Max Pain for CRUDEOIL is 6700
Strike 5500 has a total call value of 0 versus a total put value of 241,205,500,000 Combined total value = 241,205,500,000
Strike 5550 has a total call value of 0 versus a total put value of 229,274,000,000 Combined total value = 229,274,000,000
Strike 5600 has a total call value of 0 versus a total put value of 217,342,500,000 Combined total value = 217,342,500,000
Strike 5650 has a total call value of 0 versus a total put value of 205,417,500,000 Combined total value = 205,417,500,000
Strike 5700 has a total call value of 0 versus a total put value of 193,492,500,000 Combined total value = 193,492,500,000
Strike 5750 has a total call value of 0 versus a total put value of 181,567,500,000 Combined total value = 181,567,500,000
Strike 5800 has a total call value of 0 versus a total put value of 169,642,500,000 Combined total value = 169,642,500,000
Strike 5850 has a total call value of 0 versus a total put value of 157,739,500,000 Combined total value = 157,739,500,000
Strike 5900 has a total call value of 0 versus a total put value of 145,836,500,000 Combined total value = 145,836,500,000
Strike 5950 has a total call value of 0 versus a total put value of 133,948,000,000 Combined total value = 133,948,000,000
Strike 6000 has a total call value of 0 versus a total put value of 122,061,000,000 Combined total value = 122,061,000,000
Strike 6050 has a total call value of 224,000,000 versus a total put value of 111,654,000,000 Combined total value = 111,878,000,000
Strike 6100 has a total call value of 448,000,000 versus a total put value of 101,247,500,000 Combined total value = 101,695,500,000
Strike 6150 has a total call value of 718,000,000 versus a total put value of 90,995,000,000 Combined total value = 91,713,000,000
Strike 6200 has a total call value of 988,000,000 versus a total put value of 80,747,500,000 Combined total value = 81,735,500,000
Strike 6250 has a total call value of 1,340,000,000 versus a total put value of 70,901,000,000 Combined total value = 72,241,000,000
Strike 6300 has a total call value of 1,692,000,000 versus a total put value of 61,054,500,000 Combined total value = 62,746,500,000
Strike 6350 has a total call value of 2,083,000,000 versus a total put value of 51,803,000,000 Combined total value = 53,886,000,000
Strike 6400 has a total call value of 2,474,000,000 versus a total put value of 42,567,000,000 Combined total value = 45,041,000,000
Strike 6450 has a total call value of 2,899,000,000 versus a total put value of 34,274,000,000 Combined total value = 37,173,000,000
Strike 6500 has a total call value of 3,324,000,000 versus a total put value of 26,011,500,000 Combined total value = 29,335,500,000
Strike 6550 has a total call value of 3,902,000,000 versus a total put value of 19,664,000,000 Combined total value = 23,566,000,000
Strike 6600 has a total call value of 4,490,500,000 versus a total put value of 13,520,500,000 Combined total value = 18,011,000,000
Strike 6650 has a total call value of 5,400,000,000 versus a total put value of 8,833,500,000 Combined total value = 14,233,500,000
Strike 6700 has a total call value of 6,360,000,000 versus a total put value of 4,400,500,000 Combined total value = 10,760,500,000
Strike 6750 has a total call value of 8,287,000,000 versus a total put value of 2,486,500,000 Combined total value = 10,773,500,000
Strike 6800 has a total call value of 10,327,500,000 versus a total put value of 858,500,000 Combined total value = 11,186,000,000
Strike 6850 has a total call value of 13,515,000,000 versus a total put value of 497,500,000 Combined total value = 14,012,500,000
Strike 6900 has a total call value of 16,794,500,000 versus a total put value of 156,000,000 Combined total value = 16,950,500,000
Strike 6950 has a total call value of 20,826,500,000 versus a total put value of 78,000,000 Combined total value = 20,904,500,000
Strike 7000 has a total call value of 24,914,500,000 versus a total put value of 500,000 Combined total value = 24,915,000,000
Strike 7050 has a total call value of 29,764,000,000 versus a total put value of 0 Combined total value = 29,764,000,000
Strike 7100 has a total call value of 34,623,500,000 versus a total put value of 0 Combined total value = 34,623,500,000
Strike 7150 has a total call value of 39,737,000,000 versus a total put value of 0 Combined total value = 39,737,000,000
Strike 7200 has a total call value of 44,852,000,000 versus a total put value of 0 Combined total value = 44,852,000,000
Strike 7250 has a total call value of 50,186,500,000 versus a total put value of 0 Combined total value = 50,186,500,000
Strike 7300 has a total call value of 55,522,000,000 versus a total put value of 0 Combined total value = 55,522,000,000
Strike 7350 has a total call value of 60,966,500,000 versus a total put value of 0 Combined total value = 60,966,500,000
Strike 7400 has a total call value of 66,411,000,000 versus a total put value of 0 Combined total value = 66,411,000,000
Strike 7450 has a total call value of 71,920,000,000 versus a total put value of 0 Combined total value = 71,920,000,000
Strike 7500 has a total call value of 77,429,000,000 versus a total put value of 0 Combined total value = 77,429,000,000
Strike 7550 has a total call value of 83,094,000,000 versus a total put value of 0 Combined total value = 83,094,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 429.75 | 420 |
| ABB | 6193.75 | 6500 |
| ABBOTINDIA | 27745.7 | 28500 |
| ABCAPITAL | 173.79 | 180 |
| ABFRL | 265.6 | 275 |
| ACC | 1969.65 | 2080 |
| ADANIENSOL | 780.15 | 780 |
| ADANIENT | 2388.15 | 2500 |
| ADANIGREEN | 1035.05 | 1000 |
| ADANIPORTS | 1128.9 | 1180 |
| ALKEM | 5201.5 | 5400 |
| AMBUJACEM | 519.3 | 530 |
| ANGELONE | 2497.35 | 2500 |
| APLAPOLLO | 1513.3 | 1520 |
| APOLLOHOSP | 6691.85 | 7000 |
| APOLLOTYRE | 454.75 | 470 |
| ASHOKLEY | 206.68 | 220 |
| ASIANPAINT | 2229.7 | 2300 |
| ASTRAL | 1476.35 | 1600 |
| ATGL | 662.25 | 660 |
| ATUL | 6755.5 | 6900 |
| AUBANK | 586.95 | 565 |
| AUROPHARMA | 1147.55 | 1220 |
| AXISBANK | 1026.8 | 1060 |
| BAJAJ-AUTO | 8578 | 8800 |
| BAJAJFINSV | 1671.65 | 1640 |
| BAJFINANCE | 7177.4 | 7200 |
| BALKRISIND | 2680.3 | 2800 |
| BANDHANBNK | 148.28 | 160 |
| BANKBARODA | 222.02 | 240 |
| BANKINDIA | 96.13 | 98 |
| BATAINDIA | 1308.55 | 1360 |
| BEL | 267.85 | 280 |
| BERGEPAINT | 464.4 | 460 |
| BHARATFORG | 1183.55 | 1240 |
| BHARTIARTL | 1607.45 | 1600 |
| BHEL | 202.16 | 215 |
| BIOCON | 382.05 | 375 |
| BOSCHLTD | 31463.95 | 33000 |
| BPCL | 267 | 280 |
| BRITANNIA | 4877 | 4850 |
| BSE | 5786 | 5500 |
| BSOFT | 527.05 | 550 |
| CAMS | 4305.4 | 4500 |
| CANBK | 94.69 | 99 |
| CANFINHOME | 673.15 | 690 |
| CDSL | 1602.9 | 1680 |
| CESC | 154.09 | 155 |
| CGPOWER | 610.3 | 650 |
| CHAMBLFERT | 485.3 | 500 |
| CHOLAFIN | 1253.85 | 1260 |
| CIPLA | 1447.2 | 1500 |
| COALINDIA | 374.6 | 385 |
| COFORGE | 8583.35 | 9000 |
| COLPAL | 2664.75 | 2750 |
| CONCOR | 759.15 | 780 |
| COROMANDEL | 1825.15 | 1880 |
| CROMPTON | 364.85 | 370 |
| CUB | 168.86 | 170 |
| CUMMINSIND | 2888.3 | 3100 |
| CYIENT | 1717.05 | 1720 |
| DABUR | 515.5 | 515 |
| DALBHARAT | 1737 | 1740 |
| DEEPAKNTR | 2361.1 | 2450 |
| DELHIVERY | 324.85 | 335 |
| DIVISLAB | 5876.85 | 5900 |
| DIXON | 16919.65 | 17000 |
| DLF | 734.8 | 760 |
| DMART | 3568.45 | 3700 |
| DRREDDY | 1337.2 | 1350 |
| EICHERMOT | 5081.9 | 5000 |
| ESCORTS | 3478.75 | 3350 |
| EXIDEIND | 382 | 405 |
| FEDERALBNK | 194.14 | 197.5 |
| GAIL | 177.94 | 187.5 |
| GLENMARK | 1477.25 | 1540 |
| GMRAIRPORT | 74.32 | 79 |
| GMRINFRA | 0 | 32 |
| GNFC | 533.3 | 550 |
| GODREJCP | 1128.75 | 1130 |
| GODREJPROP | 2306.9 | 2500 |
| GRANULES | 573.2 | 590 |
| GRASIM | 2317.55 | 2460 |
| GUJGASLTD | 490.9 | 495 |
| HAL | 3822.8 | 4100 |
| HAVELLS | 1526.95 | 1560 |
| HCLTECH | 1825.7 | 1840 |
| HDFCAMC | 4047.5 | 4000 |
| HDFCBANK | 1643.05 | 1700 |
| HDFCLIFE | 594.2 | 610 |
| HEROMOTOCO | 4111.9 | 4200 |
| HFCL | 97.19 | 105 |
| HINDALCO | 591.55 | 600 |
| HINDCOPPER | 220.82 | 250 |
| HINDPETRO | 363.25 | 380 |
| HINDUNILVR | 2373 | 2400 |
| HUDCO | 214.97 | 220 |
| ICICIBANK | 1238.25 | 1270 |
| ICICIGI | 1894.55 | 1860 |
| ICICIPRULI | 633.05 | 650 |
| IDEA | 8.76 | 8 |
| IDFCFIRSTB | 62.02 | 64 |
| IEX | 167.77 | 175 |
| IGL | 402.15 | 410 |
| INDHOTEL | 811.4 | 810 |
| INDIAMART | 2209.65 | 2300 |
| INDIANB | 502.85 | 520 |
| INDIGO | 4066 | 4250 |
| INDUSINDBK | 962.45 | 980 |
| INDUSTOWER | 351.8 | 345 |
| INFY | 1949.65 | 1940 |
| IOC | 126.95 | 135 |
| IPCALAB | 1565.55 | 1600 |
| IRB | 51.13 | 54 |
| IRCTC | 759.55 | 790 |
| IRFC | 137.56 | 135 |
| ITC | 437.35 | 445 |
| JINDALSTEL | 910.25 | 930 |
| JIOFIN | 272.4 | 280 |
| JKCEMENT | 4457.7 | 4500 |
| JSL | 615.05 | 640 |
| JSWENERGY | 561.5 | 570 |
| JSWSTEEL | 904.05 | 920 |
| JUBLFOOD | 700 | 730 |
| KALYANKJIL | 555.1 | 600 |
| KEI | 4068.35 | 4200 |
| KOTAKBANK | 1789.6 | 1800 |
| KPITTECH | 1342.1 | 1400 |
| LALPATHLAB | 2771.45 | 2900 |
| LAURUSLABS | 556.9 | 580 |
| LICHSGFIN | 552.95 | 590 |
| LICI | 836.05 | 850 |
| LODHA | 1124.95 | 1200 |
| LT | 3501.4 | 3600 |
| LTF | 140.07 | 140 |
| LTIM | 5837.55 | 5800 |
| LTTS | 4851.75 | 4800 |
| LUPIN | 2128.7 | 2240 |
| M&M | 2960.25 | 3050 |
| M&MFIN | 267.85 | 270 |
| MANAPPURAM | 180.02 | 185 |
| MARICO | 659.75 | 650 |
| MARUTI | 11947.4 | 11700 |
| MAXHEALTH | 1039.05 | 1120 |
| MCX | 5957.05 | 6000 |
| METROPOLIS | 1877.65 | 2000 |
| MFSL | 1034.65 | 1080 |
| MGL | 1291.25 | 1280 |
| MOTHERSON | 149.41 | 155 |
| MPHASIS | 2779.75 | 2850 |
| MRF | 114227 | 117000 |
| MUTHOOTFIN | 2179.55 | 2160 |
| NATIONALUM | 195.21 | 210 |
| NAUKRI | 7455.15 | 7900 |
| NAVINFLUOR | 3714.4 | 3700 |
| NCC | 242.8 | 250 |
| NESTLEIND | 2199.65 | 2200 |
| NHPC | 77.18 | 78 |
| NMDC | 63.21 | 66.65 |
| NTPC | 321.35 | 325 |
| NYKAA | 172.77 | 170 |
| OBEROIRLTY | 2006.85 | 2080 |
| OFSS | 10550.35 | 11000 |
| OIL | 464.05 | 460 |
| ONGC | 258.18 | 257.5 |
| PAGEIND | 46037.2 | 47000 |
| PAYTM | 859.05 | 880 |
| PEL | 1018.05 | 1060 |
| PERSISTENT | 6111.25 | 6200 |
| PETRONET | 326.3 | 335 |
| PFC | 427.55 | 440 |
| PIDILITIND | 2802.75 | 2900 |
| PIIND | 3459.35 | 3500 |
| PNB | 98.25 | 101 |
| POLICYBZR | 1763.65 | 1850 |
| POLYCAB | 6450.8 | 6700 |
| POONAWALLA | 310.25 | 315 |
| POWERGRID | 298.65 | 310 |
| PRESTIGE | 1439.35 | 1550 |
| PVRINOX | 1084.55 | 1160 |
| RAMCOCEM | 879.15 | 930 |
| RBLBANK | 156.85 | 155 |
| RECLTD | 478.65 | 500 |
| RELIANCE | 1252.2 | 1250 |
| SAIL | 105.21 | 112.5 |
| SBICARD | 735.2 | 730 |
| SBILIFE | 1472.75 | 1440 |
| SBIN | 753.7 | 780 |
| SHREECEM | 25294.6 | 25750 |
| SHRIRAMFIN | 533.2 | 570 |
| SIEMENS | 5808.5 | 6200 |
| SJVN | 94.73 | 100 |
| SONACOMS | 570.95 | 570 |
| SRF | 2491.7 | 2540 |
| SUNPHARMA | 1756.85 | 1820 |
| SUNTV | 653.3 | 670 |
| SUPREMEIND | 4377 | 4500 |
| SYNGENE | 820.35 | 850 |
| TATACHEM | 961.95 | 1020 |
| TATACOMM | 1675.25 | 1740 |
| TATACONSUM | 955.55 | 950 |
| TATAELXSI | 6115.75 | 6100 |
| TATAMOTORS | 763.6 | 780 |
| TATAPOWER | 365.45 | 390 |
| TATASTEEL | 126.53 | 135 |
| TCS | 4249.6 | 4200 |
| TECHM | 1675.95 | 1680 |
| TIINDIA | 3297.8 | 3450 |
| TITAN | 3323.5 | 3400 |
| TORNTPHARM | 3215.05 | 3350 |
| TRENT | 6390.25 | 6600 |
| TVSMOTOR | 2250.5 | 2300 |
| UBL | 1948.3 | 1980 |
| ULTRACEMCO | 10521.65 | 11000 |
| UNIONBANK | 106.09 | 110 |
| UNITDSPR | 1410.9 | 1460 |
| UPL | 546.9 | 540 |
| VBL | 560.5 | 590 |
| VEDL | 435.25 | 450 |
| VOLTAS | 1625.15 | 1700 |
| WIPRO | 292.65 | 295 |
| YESBANK | 17.97 | 19 |
| ZOMATO | 243.9 | 245 |
| ZYDUSLIFE | 984.9 | 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.
