CRUDEOIL
Crude Oil
Max pain for CRUDEOIL
20 Dec 2024 11:40 PM IST
Max Pain for CRUDEOIL is 5900
Strike 4450 has a total call value of 0 versus a total put value of 540,297,000,000 Combined total value = 540,297,000,000
Strike 4500 has a total call value of 500,000 versus a total put value of 520,630,000,000 Combined total value = 520,630,500,000
Strike 4550 has a total call value of 1,000,000 versus a total put value of 500,963,000,000 Combined total value = 500,964,000,000
Strike 4600 has a total call value of 1,500,000 versus a total put value of 481,299,500,000 Combined total value = 481,301,000,000
Strike 4650 has a total call value of 2,000,000 versus a total put value of 461,636,000,000 Combined total value = 461,638,000,000
Strike 4700 has a total call value of 2,500,000 versus a total put value of 441,972,500,000 Combined total value = 441,975,000,000
Strike 4750 has a total call value of 3,000,000 versus a total put value of 422,309,000,000 Combined total value = 422,312,000,000
Strike 4800 has a total call value of 3,500,000 versus a total put value of 402,645,500,000 Combined total value = 402,649,000,000
Strike 4850 has a total call value of 4,000,000 versus a total put value of 382,986,000,000 Combined total value = 382,990,000,000
Strike 4900 has a total call value of 4,500,000 versus a total put value of 363,326,500,000 Combined total value = 363,331,000,000
Strike 4950 has a total call value of 5,000,000 versus a total put value of 343,668,500,000 Combined total value = 343,673,500,000
Strike 5000 has a total call value of 5,500,000 versus a total put value of 324,010,500,000 Combined total value = 324,016,000,000
Strike 5050 has a total call value of 6,000,000 versus a total put value of 304,469,000,000 Combined total value = 304,475,000,000
Strike 5100 has a total call value of 6,500,000 versus a total put value of 284,927,500,000 Combined total value = 284,934,000,000
Strike 5150 has a total call value of 7,000,000 versus a total put value of 265,386,000,000 Combined total value = 265,393,000,000
Strike 5200 has a total call value of 7,500,000 versus a total put value of 245,844,500,000 Combined total value = 245,852,000,000
Strike 5250 has a total call value of 8,000,000 versus a total put value of 226,303,000,000 Combined total value = 226,311,000,000
Strike 5300 has a total call value of 8,500,000 versus a total put value of 206,792,000,000 Combined total value = 206,800,500,000
Strike 5350 has a total call value of 9,000,000 versus a total put value of 187,499,000,000 Combined total value = 187,508,000,000
Strike 5400 has a total call value of 9,500,000 versus a total put value of 168,243,000,000 Combined total value = 168,252,500,000
Strike 5450 has a total call value of 10,000,000 versus a total put value of 149,387,500,000 Combined total value = 149,397,500,000
Strike 5500 has a total call value of 10,500,000 versus a total put value of 130,632,500,000 Combined total value = 130,643,000,000
Strike 5550 has a total call value of 23,500,000 versus a total put value of 113,023,000,000 Combined total value = 113,046,500,000
Strike 5600 has a total call value of 36,500,000 versus a total put value of 95,614,000,000 Combined total value = 95,650,500,000
Strike 5650 has a total call value of 131,500,000 versus a total put value of 79,127,000,000 Combined total value = 79,258,500,000
Strike 5700 has a total call value of 258,000,000 versus a total put value of 62,927,500,000 Combined total value = 63,185,500,000
Strike 5750 has a total call value of 740,500,000 versus a total put value of 48,233,000,000 Combined total value = 48,973,500,000
Strike 5800 has a total call value of 1,390,000,000 versus a total put value of 34,072,000,000 Combined total value = 35,462,000,000
Strike 5850 has a total call value of 3,422,000,000 versus a total put value of 22,886,000,000 Combined total value = 26,308,000,000
Strike 5900 has a total call value of 5,841,000,000 versus a total put value of 13,099,000,000 Combined total value = 18,940,000,000
Strike 5950 has a total call value of 12,163,000,000 versus a total put value of 7,717,500,000 Combined total value = 19,880,500,000
Strike 6000 has a total call value of 19,650,500,000 versus a total put value of 3,077,000,000 Combined total value = 22,727,500,000
Strike 6050 has a total call value of 34,664,500,000 versus a total put value of 1,880,000,000 Combined total value = 36,544,500,000
Strike 6100 has a total call value of 51,153,500,000 versus a total put value of 1,064,000,000 Combined total value = 52,217,500,000
Strike 6150 has a total call value of 70,389,000,000 versus a total put value of 697,500,000 Combined total value = 71,086,500,000
Strike 6200 has a total call value of 90,267,500,000 versus a total put value of 363,000,000 Combined total value = 90,630,500,000
Strike 6250 has a total call value of 111,947,000,000 versus a total put value of 214,500,000 Combined total value = 112,161,500,000
Strike 6300 has a total call value of 134,050,500,000 versus a total put value of 78,000,000 Combined total value = 134,128,500,000
Strike 6350 has a total call value of 158,016,000,000 versus a total put value of 53,000,000 Combined total value = 158,069,000,000
Strike 6400 has a total call value of 182,248,500,000 versus a total put value of 28,000,000 Combined total value = 182,276,500,000
Strike 6450 has a total call value of 207,533,000,000 versus a total put value of 14,000,000 Combined total value = 207,547,000,000
Strike 6500 has a total call value of 232,988,500,000 versus a total put value of 0 Combined total value = 232,988,500,000
Strike 6550 has a total call value of 259,460,500,000 versus a total put value of 0 Combined total value = 259,460,500,000
Strike 6600 has a total call value of 285,947,500,000 versus a total put value of 0 Combined total value = 285,947,500,000
Strike 6650 has a total call value of 312,627,500,000 versus a total put value of 0 Combined total value = 312,627,500,000
Strike 6700 has a total call value of 339,322,000,000 versus a total put value of 0 Combined total value = 339,322,000,000
Strike 6750 has a total call value of 366,150,500,000 versus a total put value of 0 Combined total value = 366,150,500,000
Strike 6800 has a total call value of 392,986,500,000 versus a total put value of 0 Combined total value = 392,986,500,000
Strike 6850 has a total call value of 420,034,500,000 versus a total put value of 0 Combined total value = 420,034,500,000
Strike 6900 has a total call value of 447,090,000,000 versus a total put value of 0 Combined total value = 447,090,000,000
Strike 6950 has a total call value of 474,180,000,000 versus a total put value of 0 Combined total value = 474,180,000,000
Strike 7000 has a total call value of 501,277,500,000 versus a total put value of 0 Combined total value = 501,277,500,000
Strike 7050 has a total call value of 528,616,500,000 versus a total put value of 0 Combined total value = 528,616,500,000
Strike 7100 has a total call value of 555,964,000,000 versus a total put value of 0 Combined total value = 555,964,000,000
Strike 7150 has a total call value of 583,311,500,000 versus a total put value of 0 Combined total value = 583,311,500,000
Strike 7200 has a total call value of 610,659,000,000 versus a total put value of 0 Combined total value = 610,659,000,000
Strike 7250 has a total call value of 638,017,000,000 versus a total put value of 0 Combined total value = 638,017,000,000
Strike 7300 has a total call value of 665,375,000,000 versus a total put value of 0 Combined total value = 665,375,000,000
Strike 7350 has a total call value of 692,742,000,000 versus a total put value of 0 Combined total value = 692,742,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 403.85 | 450 |
| ABB | 6921.25 | 7300 |
| ABBOTINDIA | 28655.35 | 28000 |
| ABCAPITAL | 186.21 | 200 |
| ABFRL | 282.2 | 300 |
| ACC | 2063.65 | 2260 |
| ADANIENSOL | 767.55 | 800 |
| ADANIENT | 2344.95 | 2500 |
| ADANIGREEN | 1034.35 | 1120 |
| ADANIPORTS | 1182.45 | 1240 |
| ALKEM | 5427.5 | 5500 |
| AMBUJACEM | 548.8 | 560 |
| ANGELONE | 2881.7 | 3100 |
| APLAPOLLO | 1559 | 1600 |
| APOLLOHOSP | 7251.7 | 7200 |
| APOLLOTYRE | 531.95 | 530 |
| ASHOKLEY | 217.28 | 225 |
| ASIANPAINT | 2282.35 | 2400 |
| ASTRAL | 1734.6 | 1820 |
| ATGL | 674.35 | 720 |
| ATUL | 7023.15 | 7300 |
| AUBANK | 537.6 | 570 |
| AUROPHARMA | 1241.7 | 1240 |
| AXISBANK | 1071.85 | 1120 |
| BAJAJ-AUTO | 8787.25 | 9000 |
| BAJAJFINSV | 1569.65 | 1640 |
| BAJFINANCE | 6848.25 | 7000 |
| BALKRISIND | 2790.05 | 2800 |
| BANDHANBNK | 159.05 | 170 |
| BANKBARODA | 240.59 | 250 |
| BANKINDIA | 103.03 | 110 |
| BATAINDIA | 1342.25 | 1400 |
| BEL | 290.85 | 310 |
| BERGEPAINT | 444.8 | 465 |
| BHARATFORG | 1278.9 | 1340 |
| BHARTIARTL | 1578.1 | 1600 |
| BHEL | 235.3 | 250 |
| BIOCON | 335.95 | 355 |
| BOSCHLTD | 34576.95 | 35000 |
| BPCL | 289.05 | 295 |
| BRITANNIA | 4698.1 | 4800 |
| BSE | 5542.85 | 5300 |
| BSOFT | 577 | 600 |
| CAMS | 4951 | 5100 |
| CANBK | 99.61 | 104 |
| CANFINHOME | 747.7 | 790 |
| CDSL | 1860.75 | 1860 |
| CESC | 182.74 | 190 |
| CGPOWER | 730.05 | 760 |
| CHAMBLFERT | 509.15 | 520 |
| CHOLAFIN | 1189.55 | 1260 |
| CIPLA | 1472.05 | 1480 |
| COALINDIA | 382 | 414.25 |
| COFORGE | 9370.45 | 9200 |
| COLPAL | 2750.85 | 2850 |
| CONCOR | 767.95 | 830 |
| COROMANDEL | 1839.3 | 1800 |
| CROMPTON | 388.25 | 405 |
| CUB | 175.42 | 180 |
| CUMMINSIND | 3312.9 | 3450 |
| CYIENT | 1924.4 | 2000 |
| DABUR | 502.55 | 510 |
| DALBHARAT | 1801.9 | 1880 |
| DEEPAKNTR | 2596.85 | 2700 |
| DELHIVERY | 349.6 | 365 |
| DIVISLAB | 5846.75 | 6000 |
| DIXON | 17944.9 | 18000 |
| DLF | 830.7 | 850 |
| DMART | 3408.3 | 3600 |
| DRREDDY | 1343.65 | 1300 |
| EICHERMOT | 4734.5 | 4800 |
| ESCORTS | 3162.05 | 3350 |
| EXIDEIND | 426.3 | 450 |
| FEDERALBNK | 194.46 | 205 |
| GAIL | 192.42 | 200 |
| GLENMARK | 1541.65 | 1520 |
| GMRAIRPORT | 78.82 | 85 |
| GMRINFRA | 0 | 36 |
| GNFC | 583.8 | 610 |
| GODREJCP | 1069.6 | 1120 |
| GODREJPROP | 2855.95 | 2900 |
| GRANULES | 592.4 | 580 |
| GRASIM | 2488.7 | 2620 |
| GUJGASLTD | 499.8 | 500 |
| HAL | 4190.2 | 4500 |
| HAVELLS | 1657.4 | 1720 |
| HCLTECH | 1911.35 | 1900 |
| HDFCAMC | 4262.8 | 4400 |
| HDFCBANK | 1771.5 | 1800 |
| HDFCLIFE | 623.8 | 640 |
| HEROMOTOCO | 4339.95 | 4600 |
| HFCL | 113.35 | 120 |
| HINDALCO | 622.65 | 650 |
| HINDCOPPER | 271.5 | 290 |
| HINDPETRO | 399.5 | 400 |
| HINDUNILVR | 2333.9 | 2400 |
| HUDCO | 242.11 | 245 |
| ICICIBANK | 1288.4 | 1300 |
| ICICIGI | 1902.15 | 1920 |
| ICICIPRULI | 653.9 | 670 |
| IDEA | 7.4 | 8 |
| IDFCFIRSTB | 61.68 | 65 |
| IEX | 177.45 | 182.5 |
| IGL | 388.3 | 370 |
| INDHOTEL | 854.1 | 850 |
| INDIAMART | 2249.95 | 2350 |
| INDIANB | 537.15 | 580 |
| INDIGO | 4395.6 | 4400 |
| INDUSINDBK | 929.45 | 980 |
| INDUSTOWER | 337.1 | 350 |
| INFY | 1922.15 | 1920 |
| IOC | 137.08 | 142.5 |
| IPCALAB | 1582.5 | 1560 |
| IRB | 55.09 | 57 |
| IRCTC | 784.25 | 830 |
| IRFC | 148.41 | 155 |
| ITC | 464.65 | 470 |
| JINDALSTEL | 908.05 | 940 |
| JIOFIN | 304.3 | 325 |
| JKCEMENT | 4517.8 | 4600 |
| JSL | 719.8 | 730 |
| JSWENERGY | 669.8 | 660 |
| JSWSTEEL | 917.35 | 950 |
| JUBLFOOD | 672.7 | 670 |
| KALYANKJIL | 719.2 | 740 |
| KEI | 4166.25 | 4400 |
| KOTAKBANK | 1743.55 | 1780 |
| KPITTECH | 1451.25 | 1500 |
| LALPATHLAB | 2946.25 | 3050 |
| LAURUSLABS | 559.2 | 570 |
| LICHSGFIN | 582.25 | 620 |
| LICI | 901.7 | 940 |
| LODHA | 1400.7 | 1440 |
| LT | 3629.85 | 3750 |
| LTF | 136.48 | 145 |
| LTIM | 5824.3 | 6150 |
| LTTS | 4828.5 | 5200 |
| LUPIN | 2150.7 | 2100 |
| M&M | 2906.35 | 3000 |
| M&MFIN | 266.05 | 275 |
| MANAPPURAM | 181.03 | 180 |
| MARICO | 627.95 | 630 |
| MARUTI | 10901.05 | 11100 |
| MAXHEALTH | 1165.2 | 1140 |
| MCX | 6397.4 | 6500 |
| METROPOLIS | 2058.05 | 2120 |
| MFSL | 1109.2 | 1140 |
| MGL | 1215.3 | 1260 |
| MOTHERSON | 156.06 | 165 |
| MPHASIS | 2950.6 | 3100 |
| MRF | 128057.9 | 130000 |
| MUTHOOTFIN | 2075.65 | 2060 |
| NATIONALUM | 215.36 | 232.5 |
| NAUKRI | 8494.95 | 8600 |
| NAVINFLUOR | 3305.85 | 3500 |
| NCC | 287.55 | 300 |
| NESTLEIND | 2163.5 | 2220 |
| NHPC | 81.47 | 85 |
| NMDC | 213.15 | 230 |
| NTPC | 333.25 | 350 |
| NYKAA | 167.33 | 170 |
| OBEROIRLTY | 2247.8 | 2200 |
| OFSS | 12247.55 | 12500 |
| OIL | 421.8 | 450 |
| ONGC | 237.1 | 250 |
| PAGEIND | 48856.35 | 48500 |
| PAYTM | 945.25 | 980 |
| PEL | 1093.7 | 1160 |
| PERSISTENT | 6368.7 | 6400 |
| PETRONET | 336.45 | 340 |
| PFC | 453.3 | 480 |
| PIDILITIND | 2976.8 | 3080 |
| PIIND | 3813.75 | 4000 |
| PNB | 100.77 | 105 |
| POLICYBZR | 2092.15 | 2000 |
| POLYCAB | 7178.25 | 7300 |
| POONAWALLA | 318.85 | 340 |
| POWERGRID | 315.8 | 325 |
| PRESTIGE | 1794.5 | 1800 |
| PVRINOX | 1382.1 | 1520 |
| RAMCOCEM | 986.1 | 1010 |
| RBLBANK | 152.79 | 160 |
| RECLTD | 513.25 | 530 |
| RELIANCE | 1205.3 | 1280 |
| SAIL | 116.1 | 125 |
| SBICARD | 687 | 710 |
| SBILIFE | 1400.6 | 1420 |
| SBIN | 812 | 840 |
| SHREECEM | 27063.5 | 27000 |
| SHRIRAMFIN | 2877.25 | 3000 |
| SIEMENS | 6868.9 | 7300 |
| SJVN | 111.54 | 117.5 |
| SONACOMS | 588.45 | 620 |
| SRF | 2277.6 | 2300 |
| SUNPHARMA | 1808.85 | 1800 |
| SUNTV | 696.85 | 730 |
| SUPREMEIND | 4839.8 | 4900 |
| SYNGENE | 844 | 860 |
| TATACHEM | 1028.85 | 1080 |
| TATACOMM | 1710.45 | 1800 |
| TATACONSUM | 889.45 | 930 |
| TATAELXSI | 6921.6 | 7200 |
| TATAMOTORS | 724.05 | 770 |
| TATAPOWER | 401.1 | 420 |
| TATASTEEL | 140.68 | 147.5 |
| TCS | 4170.3 | 4300 |
| TECHM | 1686.05 | 1740 |
| TIINDIA | 3619.1 | 3700 |
| TITAN | 3356.25 | 3400 |
| TORNTPHARM | 3437 | 3400 |
| TRENT | 6831.55 | 6900 |
| TVSMOTOR | 2391.65 | 2500 |
| UBL | 2025.35 | 2000 |
| ULTRACEMCO | 11422.8 | 11500 |
| UNIONBANK | 116.78 | 125 |
| UNITDSPR | 1544.8 | 1540 |
| UPL | 504.5 | 537.2 |
| VBL | 612.55 | 630 |
| VEDL | 477.25 | 490 |
| VOLTAS | 1686.5 | 1740 |
| WIPRO | 305.2 | 302.5 |
| YESBANK | 19.83 | 21 |
| ZOMATO | 282.1 | 285 |
| ZYDUSLIFE | 973.5 | 980 |
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.
