CRUDEOIL
Crude Oil
Max pain for CRUDEOIL
18 Nov 2024 11:40 PM IST
Max Pain for CRUDEOIL is 5800
Strike 4500 has a total call value of 0 versus a total put value of 436,281,000,000 Combined total value = 436,281,000,000
Strike 4550 has a total call value of 0 versus a total put value of 416,868,500,000 Combined total value = 416,868,500,000
Strike 4600 has a total call value of 0 versus a total put value of 397,456,000,000 Combined total value = 397,456,000,000
Strike 4650 has a total call value of 0 versus a total put value of 378,043,500,000 Combined total value = 378,043,500,000
Strike 4700 has a total call value of 0 versus a total put value of 358,631,000,000 Combined total value = 358,631,000,000
Strike 4750 has a total call value of 0 versus a total put value of 339,218,500,000 Combined total value = 339,218,500,000
Strike 4800 has a total call value of 0 versus a total put value of 319,806,000,000 Combined total value = 319,806,000,000
Strike 4850 has a total call value of 0 versus a total put value of 300,411,000,000 Combined total value = 300,411,000,000
Strike 4900 has a total call value of 0 versus a total put value of 281,016,000,000 Combined total value = 281,016,000,000
Strike 4950 has a total call value of 0 versus a total put value of 261,623,000,000 Combined total value = 261,623,000,000
Strike 5000 has a total call value of 0 versus a total put value of 242,230,000,000 Combined total value = 242,230,000,000
Strike 5050 has a total call value of 500,000 versus a total put value of 223,610,000,000 Combined total value = 223,610,500,000
Strike 5100 has a total call value of 1,000,000 versus a total put value of 204,990,000,000 Combined total value = 204,991,000,000
Strike 5150 has a total call value of 1,500,000 versus a total put value of 186,455,500,000 Combined total value = 186,457,000,000
Strike 5200 has a total call value of 2,000,000 versus a total put value of 167,921,000,000 Combined total value = 167,923,000,000
Strike 5250 has a total call value of 2,500,000 versus a total put value of 149,941,000,000 Combined total value = 149,943,500,000
Strike 5300 has a total call value of 3,500,000 versus a total put value of 132,017,500,000 Combined total value = 132,021,000,000
Strike 5350 has a total call value of 5,000,000 versus a total put value of 114,440,000,000 Combined total value = 114,445,000,000
Strike 5400 has a total call value of 6,500,000 versus a total put value of 96,951,000,000 Combined total value = 96,957,500,000
Strike 5450 has a total call value of 50,000,000 versus a total put value of 80,955,500,000 Combined total value = 81,005,500,000
Strike 5500 has a total call value of 93,500,000 versus a total put value of 65,136,000,000 Combined total value = 65,229,500,000
Strike 5550 has a total call value of 301,000,000 versus a total put value of 51,351,500,000 Combined total value = 51,652,500,000
Strike 5600 has a total call value of 512,000,000 versus a total put value of 37,755,500,000 Combined total value = 38,267,500,000
Strike 5650 has a total call value of 1,323,000,000 versus a total put value of 26,639,500,000 Combined total value = 27,962,500,000
Strike 5700 has a total call value of 2,250,000,000 versus a total put value of 16,106,000,000 Combined total value = 18,356,000,000
Strike 5750 has a total call value of 5,743,000,000 versus a total put value of 10,665,500,000 Combined total value = 16,408,500,000
Strike 5800 has a total call value of 9,660,500,000 versus a total put value of 5,761,500,000 Combined total value = 15,422,000,000
Strike 5850 has a total call value of 16,906,000,000 versus a total put value of 4,171,500,000 Combined total value = 21,077,500,000
Strike 5900 has a total call value of 24,571,000,000 versus a total put value of 2,720,000,000 Combined total value = 27,291,000,000
Strike 5950 has a total call value of 33,625,000,000 versus a total put value of 1,931,000,000 Combined total value = 35,556,000,000
Strike 6000 has a total call value of 42,776,500,000 versus a total put value of 1,153,000,000 Combined total value = 43,929,500,000
Strike 6050 has a total call value of 55,346,000,000 versus a total put value of 965,500,000 Combined total value = 56,311,500,000
Strike 6100 has a total call value of 68,018,000,000 versus a total put value of 778,000,000 Combined total value = 68,796,000,000
Strike 6150 has a total call value of 81,760,500,000 versus a total put value of 632,500,000 Combined total value = 82,393,000,000
Strike 6200 has a total call value of 95,570,000,000 versus a total put value of 487,000,000 Combined total value = 96,057,000,000
Strike 6250 has a total call value of 110,244,000,000 versus a total put value of 357,000,000 Combined total value = 110,601,000,000
Strike 6300 has a total call value of 124,998,000,000 versus a total put value of 227,000,000 Combined total value = 125,225,000,000
Strike 6350 has a total call value of 140,211,000,000 versus a total put value of 113,500,000 Combined total value = 140,324,500,000
Strike 6400 has a total call value of 155,462,500,000 versus a total put value of 0 Combined total value = 155,462,500,000
Strike 6450 has a total call value of 171,124,000,000 versus a total put value of 0 Combined total value = 171,124,000,000
Strike 6500 has a total call value of 186,785,500,000 versus a total put value of 0 Combined total value = 186,785,500,000
Strike 6550 has a total call value of 203,828,000,000 versus a total put value of 0 Combined total value = 203,828,000,000
Strike 6600 has a total call value of 220,870,500,000 versus a total put value of 0 Combined total value = 220,870,500,000
Strike 6650 has a total call value of 237,968,500,000 versus a total put value of 0 Combined total value = 237,968,500,000
Strike 6700 has a total call value of 255,066,500,000 versus a total put value of 0 Combined total value = 255,066,500,000
Strike 6750 has a total call value of 272,181,000,000 versus a total put value of 0 Combined total value = 272,181,000,000
Strike 6800 has a total call value of 289,297,500,000 versus a total put value of 0 Combined total value = 289,297,500,000
Strike 6850 has a total call value of 306,455,500,000 versus a total put value of 0 Combined total value = 306,455,500,000
Strike 6900 has a total call value of 323,613,500,000 versus a total put value of 0 Combined total value = 323,613,500,000
Strike 6950 has a total call value of 340,785,000,000 versus a total put value of 0 Combined total value = 340,785,000,000
Strike 7000 has a total call value of 357,956,500,000 versus a total put value of 0 Combined total value = 357,956,500,000
Strike 7050 has a total call value of 375,190,500,000 versus a total put value of 0 Combined total value = 375,190,500,000
Strike 7100 has a total call value of 392,424,500,000 versus a total put value of 0 Combined total value = 392,424,500,000
Strike 7150 has a total call value of 409,658,500,000 versus a total put value of 0 Combined total value = 409,658,500,000
Strike 7200 has a total call value of 426,892,500,000 versus a total put value of 0 Combined total value = 426,892,500,000
Strike 7250 has a total call value of 444,126,500,000 versus a total put value of 0 Combined total value = 444,126,500,000
Strike 7300 has a total call value of 461,360,500,000 versus a total put value of 0 Combined total value = 461,360,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 431.25 | 460 |
| ABB | 6625.9 | 7000 |
| ABBOTINDIA | 27187.4 | 28000 |
| ABCAPITAL | 185.03 | 200 |
| ABFRL | 291.55 | 300 |
| ACC | 2187.4 | 2340 |
| ADANIENT | 2818.7 | 3000 |
| ADANIPORTS | 1279.3 | 1320 |
| ALKEM | 5515.15 | 5500 |
| AMBUJACEM | 550.55 | 570 |
| APOLLOHOSP | 6741.9 | 7000 |
| APOLLOTYRE | 472.05 | 480 |
| ASHOKLEY | 220.25 | 220 |
| ASIANPAINT | 2483.7 | 2560 |
| ASTRAL | 1716.1 | 1780 |
| ATUL | 7175.1 | 7500 |
| AUBANK | 579 | 590 |
| AUROPHARMA | 1235.4 | 1300 |
| AXISBANK | 1126.2 | 1150 |
| BAJAJ-AUTO | 9516.5 | 9800 |
| BAJAJFINSV | 1616 | 1660 |
| BAJFINANCE | 6567.95 | 6800 |
| BALKRISIND | 2746.75 | 2800 |
| BANDHANBNK | 165.69 | 180 |
| BANKBARODA | 241.4 | 250 |
| BATAINDIA | 1289.3 | 1330 |
| BEL | 278.05 | 290 |
| BERGEPAINT | 479.35 | 500 |
| BHARATFORG | 1304.55 | 1340 |
| BHARTIARTL | 1537 | 1560 |
| BHEL | 222.67 | 235 |
| BIOCON | 325.35 | 330 |
| BOSCHLTD | 33794.3 | 34000 |
| BPCL | 289.2 | 300 |
| BRITANNIA | 4911.35 | 5050 |
| BSOFT | 546.45 | 560 |
| CANBK | 98.18 | 101 |
| CANFINHOME | 829.5 | 840 |
| CHAMBLFERT | 464.3 | 480 |
| CHOLAFIN | 1242.8 | 1260 |
| CIPLA | 1465.25 | 1520 |
| COALINDIA | 413.35 | 429.25 |
| COFORGE | 8006.6 | 8000 |
| COLPAL | 2749.75 | 2850 |
| CONCOR | 785.85 | 830 |
| COROMANDEL | 1721.1 | 1700 |
| CROMPTON | 384.25 | 390 |
| CUB | 171.24 | 175 |
| CUMMINSIND | 3352.55 | 3450 |
| DABUR | 508.5 | 530 |
| DALBHARAT | 1686.35 | 1740 |
| DEEPAKNTR | 2569.3 | 2600 |
| DIVISLAB | 5766.65 | 5900 |
| DIXON | 14811.45 | 14500 |
| DLF | 759.6 | 790 |
| DRREDDY | 1193.55 | 1240 |
| EICHERMOT | 4875.65 | 4900 |
| ESCORTS | 3441.35 | 3600 |
| EXIDEIND | 414.5 | 440 |
| FEDERALBNK | 200.25 | 200 |
| GAIL | 185.46 | 200 |
| GLENMARK | 1485.75 | 1560 |
| GMRINFRA | 78.01 | 81 |
| GNFC | 558.5 | 580 |
| GODREJCP | 1181.65 | 1220 |
| GODREJPROP | 2629.5 | 2700 |
| GRANULES | 529.1 | 570 |
| GRASIM | 2517.15 | 2520 |
| GUJGASLTD | 452.5 | 480 |
| HAL | 4077.85 | 4200 |
| HAVELLS | 1619.05 | 1640 |
| HCLTECH | 1835 | 1820 |
| HDFCAMC | 4182.35 | 4350 |
| HDFCBANK | 1705.1 | 1720 |
| HDFCLIFE | 690.5 | 700 |
| HEROMOTOCO | 4733 | 4800 |
| HINDALCO | 651.05 | 660 |
| HINDCOPPER | 264.4 | 290 |
| HINDPETRO | 367.3 | 380 |
| HINDUNILVR | 2422.9 | 2480 |
| ICICIBANK | 1253.45 | 1260 |
| ICICIGI | 1839.45 | 1900 |
| ICICIPRULI | 693.2 | 710 |
| IDEA | 7.25 | 8 |
| IDFCFIRSTB | 65.53 | 66 |
| IEX | 161.32 | 170 |
| IGL | 325.05 | 350 |
| INDHOTEL | 737.2 | 720 |
| INDIAMART | 2242 | 2400 |
| INDIGO | 3976.3 | 4000 |
| INDUSINDBK | 1004.6 | 1060 |
| INDUSTOWER | 323.15 | 340 |
| INFY | 1811.45 | 1800 |
| IOC | 134.14 | 142.5 |
| IPCALAB | 1566.7 | 1560 |
| IRCTC | 797.1 | 840 |
| ITC | 466.55 | 480 |
| JINDALSTEL | 886.75 | 910 |
| JKCEMENT | 3924.3 | 4150 |
| JSWSTEEL | 949.85 | 970 |
| JUBLFOOD | 607.15 | 620 |
| KOTAKBANK | 1722.75 | 1760 |
| LALPATHLAB | 2967.75 | 3100 |
| LAURUSLABS | 483.65 | 490 |
| LICHSGFIN | 611.15 | 630 |
| LT | 3542.15 | 3600 |
| LTF | 138.69 | 145 |
| LTIM | 5841.5 | 5900 |
| LTTS | 5104.3 | 5150 |
| LUPIN | 2035.75 | 2100 |
| M&M | 2846.9 | 2850 |
| M&MFIN | 258.2 | 270 |
| MANAPPURAM | 153.93 | 155 |
| MARICO | 595.15 | 610 |
| MARUTI | 11093.95 | 11200 |
| MCX | 5909.3 | 6100 |
| METROPOLIS | 2021.2 | 2080 |
| MFSL | 1237.65 | 1240 |
| MGL | 1130 | 1200 |
| MOTHERSON | 164.95 | 172.5 |
| MPHASIS | 2758.15 | 2850 |
| MRF | 120861.1 | 121000 |
| MUTHOOTFIN | 1885.65 | 1880 |
| NATIONALUM | 239.93 | 235 |
| NAUKRI | 7589.65 | 7700 |
| NAVINFLUOR | 3259.75 | 3400 |
| NESTLEIND | 2213.2 | 2280 |
| NMDC | 222.71 | 230 |
| NTPC | 366.7 | 380 |
| OBEROIRLTY | 1911.4 | 1980 |
| OFSS | 11272.25 | 11500 |
| ONGC | 250.65 | 260 |
| PAGEIND | 44098.05 | 45500 |
| PEL | 1048.55 | 1040 |
| PERSISTENT | 5646.1 | 5600 |
| PETRONET | 311.75 | 328 |
| PFC | 459.2 | 460 |
| PIDILITIND | 3019.3 | 3100 |
| PIIND | 4191.95 | 4200 |
| PNB | 100.53 | 104 |
| POLYCAB | 6444.65 | 6500 |
| POWERGRID | 312.05 | 320 |
| PVRINOX | 1435.75 | 1500 |
| RAMCOCEM | 894.15 | 880 |
| RBLBANK | 158.39 | 160 |
| RECLTD | 501 | 520 |
| RELIANCE | 1260.75 | 1300 |
| SAIL | 112.77 | 117.5 |
| SBICARD | 677.05 | 690 |
| SBILIFE | 1562.6 | 1580 |
| SBIN | 814.3 | 820 |
| SHREECEM | 23935.05 | 24500 |
| SHRIRAMFIN | 2848.15 | 2950 |
| SIEMENS | 6640.2 | 6900 |
| SRF | 2179.35 | 2280 |
| SUNPHARMA | 1747.75 | 1800 |
| SUNTV | 725.2 | 730 |
| SYNGENE | 842.75 | 870 |
| TATACHEM | 1058.95 | 1100 |
| TATACOMM | 1727.35 | 1780 |
| TATACONSUM | 930.75 | 960 |
| TATAMOTORS | 771.9 | 800 |
| TATAPOWER | 404.7 | 420 |
| TATASTEEL | 141.21 | 145 |
| TCS | 4019.5 | 4100 |
| TECHM | 1660.8 | 1660 |
| TITAN | 3172.3 | 3200 |
| TORNTPHARM | 3105.6 | 3150 |
| TRENT | 6301.65 | 6600 |
| TVSMOTOR | 2416 | 2450 |
| UBL | 1883.6 | 1900 |
| ULTRACEMCO | 10630.9 | 11000 |
| UNITDSPR | 1470.8 | 1460 |
| UPL | 536.9 | 530 |
| VEDL | 447.5 | 460 |
| VOLTAS | 1695.95 | 1700 |
| WIPRO | 552.85 | 555 |
| ZYDUSLIFE | 944.7 | 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.
