CRUDEOIL
Crude Oil
Max pain for CRUDEOIL
12 May 2025 11:29 PM IST
Max Pain for CRUDEOIL is 5200
Strike 3800 has a total call value of 0 versus a total put value of 1,087,918,000,000 Combined total value = 1,087,918,000,000
Strike 3850 has a total call value of 0 versus a total put value of 1,042,837,000,000 Combined total value = 1,042,837,000,000
Strike 3900 has a total call value of 0 versus a total put value of 997,765,500,000 Combined total value = 997,765,500,000
Strike 3950 has a total call value of 0 versus a total put value of 952,721,000,000 Combined total value = 952,721,000,000
Strike 4000 has a total call value of 0 versus a total put value of 907,681,000,000 Combined total value = 907,681,000,000
Strike 4050 has a total call value of 9,500,000 versus a total put value of 863,279,500,000 Combined total value = 863,289,000,000
Strike 4100 has a total call value of 19,000,000 versus a total put value of 818,885,000,000 Combined total value = 818,904,000,000
Strike 4150 has a total call value of 28,500,000 versus a total put value of 774,600,500,000 Combined total value = 774,629,000,000
Strike 4200 has a total call value of 38,000,000 versus a total put value of 730,327,500,000 Combined total value = 730,365,500,000
Strike 4250 has a total call value of 47,500,000 versus a total put value of 686,467,000,000 Combined total value = 686,514,500,000
Strike 4300 has a total call value of 57,000,000 versus a total put value of 642,645,500,000 Combined total value = 642,702,500,000
Strike 4350 has a total call value of 66,500,000 versus a total put value of 599,056,500,000 Combined total value = 599,123,000,000
Strike 4400 has a total call value of 76,000,000 versus a total put value of 555,543,000,000 Combined total value = 555,619,000,000
Strike 4450 has a total call value of 85,500,000 versus a total put value of 512,816,000,000 Combined total value = 512,901,500,000
Strike 4500 has a total call value of 95,000,000 versus a total put value of 470,414,000,000 Combined total value = 470,509,000,000
Strike 4550 has a total call value of 206,500,000 versus a total put value of 429,865,000,000 Combined total value = 430,071,500,000
Strike 4600 has a total call value of 325,000,000 versus a total put value of 389,469,500,000 Combined total value = 389,794,500,000
Strike 4650 has a total call value of 484,000,000 versus a total put value of 349,940,500,000 Combined total value = 350,424,500,000
Strike 4700 has a total call value of 643,000,000 versus a total put value of 311,022,000,000 Combined total value = 311,665,000,000
Strike 4750 has a total call value of 1,087,500,000 versus a total put value of 273,808,000,000 Combined total value = 274,895,500,000
Strike 4800 has a total call value of 1,700,000,000 versus a total put value of 237,783,500,000 Combined total value = 239,483,500,000
Strike 4850 has a total call value of 2,909,000,000 versus a total put value of 204,897,500,000 Combined total value = 207,806,500,000
Strike 4900 has a total call value of 4,800,000,000 versus a total put value of 173,170,500,000 Combined total value = 177,970,500,000
Strike 4950 has a total call value of 7,409,500,000 versus a total put value of 144,136,500,000 Combined total value = 151,546,000,000
Strike 5000 has a total call value of 10,760,500,000 versus a total put value of 116,567,500,000 Combined total value = 127,328,000,000
Strike 5050 has a total call value of 18,267,000,000 versus a total put value of 94,573,000,000 Combined total value = 112,840,000,000
Strike 5100 has a total call value of 26,134,000,000 versus a total put value of 74,304,500,000 Combined total value = 100,438,500,000
Strike 5150 has a total call value of 35,947,000,000 versus a total put value of 57,827,000,000 Combined total value = 93,774,000,000
Strike 5200 has a total call value of 46,692,000,000 versus a total put value of 42,429,000,000 Combined total value = 89,121,000,000
Strike 5250 has a total call value of 61,539,000,000 versus a total put value of 31,327,000,000 Combined total value = 92,866,000,000
Strike 5300 has a total call value of 77,690,500,000 versus a total put value of 22,109,000,000 Combined total value = 99,799,500,000
Strike 5350 has a total call value of 99,951,000,000 versus a total put value of 16,513,000,000 Combined total value = 116,464,000,000
Strike 5400 has a total call value of 125,045,500,000 versus a total put value of 11,978,000,000 Combined total value = 137,023,500,000
Strike 5450 has a total call value of 157,993,500,000 versus a total put value of 9,925,500,000 Combined total value = 167,919,000,000
Strike 5500 has a total call value of 193,019,500,000 versus a total put value of 8,212,500,000 Combined total value = 201,232,000,000
Strike 5550 has a total call value of 234,977,500,000 versus a total put value of 7,077,500,000 Combined total value = 242,055,000,000
Strike 5600 has a total call value of 278,625,000,000 versus a total put value of 5,984,000,000 Combined total value = 284,609,000,000
Strike 5650 has a total call value of 326,556,000,000 versus a total put value of 5,072,000,000 Combined total value = 331,628,000,000
Strike 5700 has a total call value of 375,286,500,000 versus a total put value of 4,168,000,000 Combined total value = 379,454,500,000
Strike 5750 has a total call value of 426,460,000,000 versus a total put value of 3,319,500,000 Combined total value = 429,779,500,000
Strike 5800 has a total call value of 478,128,500,000 versus a total put value of 2,486,000,000 Combined total value = 480,614,500,000
Strike 5850 has a total call value of 531,625,500,000 versus a total put value of 1,823,500,000 Combined total value = 533,449,000,000
Strike 5900 has a total call value of 586,049,000,000 versus a total put value of 1,161,000,000 Combined total value = 587,210,000,000
Strike 5950 has a total call value of 641,320,000,000 versus a total put value of 582,000,000 Combined total value = 641,902,000,000
Strike 6000 has a total call value of 696,859,500,000 versus a total put value of 3,000,000 Combined total value = 696,862,500,000
Strike 6050 has a total call value of 756,097,500,000 versus a total put value of 1,500,000 Combined total value = 756,099,000,000
Strike 6100 has a total call value of 815,477,500,000 versus a total put value of 0 Combined total value = 815,477,500,000
Strike 6150 has a total call value of 875,222,000,000 versus a total put value of 0 Combined total value = 875,222,000,000
Strike 6200 has a total call value of 934,987,000,000 versus a total put value of 0 Combined total value = 934,987,000,000
Strike 6250 has a total call value of 995,054,500,000 versus a total put value of 0 Combined total value = 995,054,500,000
Strike 6300 has a total call value of 1,055,175,500,000 versus a total put value of 0 Combined total value = 1,055,175,500,000
Strike 6350 has a total call value of 1,115,613,500,000 versus a total put value of 0 Combined total value = 1,115,613,500,000
Strike 6400 has a total call value of 1,176,108,000,000 versus a total put value of 0 Combined total value = 1,176,108,000,000
Strike 6450 has a total call value of 1,236,854,000,000 versus a total put value of 0 Combined total value = 1,236,854,000,000
Strike 6500 has a total call value of 1,297,657,000,000 versus a total put value of 0 Combined total value = 1,297,657,000,000
Strike 6550 has a total call value of 1,359,395,000,000 versus a total put value of 0 Combined total value = 1,359,395,000,000
Strike 6600 has a total call value of 1,421,136,500,000 versus a total put value of 0 Combined total value = 1,421,136,500,000
Strike 6650 has a total call value of 1,483,021,500,000 versus a total put value of 0 Combined total value = 1,483,021,500,000
Strike 6700 has a total call value of 1,544,906,500,000 versus a total put value of 0 Combined total value = 1,544,906,500,000
Strike 6750 has a total call value of 1,606,791,500,000 versus a total put value of 0 Combined total value = 1,606,791,500,000
Strike 6800 has a total call value of 1,668,676,500,000 versus a total put value of 0 Combined total value = 1,668,676,500,000
Strike 6850 has a total call value of 1,730,561,500,000 versus a total put value of 0 Combined total value = 1,730,561,500,000
Strike 6900 has a total call value of 1,792,448,000,000 versus a total put value of 0 Combined total value = 1,792,448,000,000
Strike 6950 has a total call value of 1,854,334,500,000 versus a total put value of 0 Combined total value = 1,854,334,500,000
Strike 7000 has a total call value of 1,916,221,000,000 versus a total put value of 0 Combined total value = 1,916,221,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 468.6 | 450 |
| ABB | 5587 | 5600 |
| ABCAPITAL | 205.54 | 200 |
| ABFRL | 268.85 | 270 |
| ACC | 1858.8 | 1900 |
| ADANIENSOL | 894.3 | 900 |
| ADANIENT | 2425.3 | 2460 |
| ADANIGREEN | 940.55 | 940 |
| ADANIPORTS | 1362.1 | 1300 |
| ALKEM | 5020.5 | 5000 |
| AMBUJACEM | 541.65 | 550 |
| ANGELONE | 2487 | 2400 |
| APLAPOLLO | 1712.8 | 1660 |
| APOLLOHOSP | 6926 | 6950 |
| APOLLOTYRE | 481 | 475 |
| ASHOKLEY | 231.28 | 225 |
| ASIANPAINT | 2356.4 | 2380 |
| ASTRAL | 1330.3 | 1340 |
| ATGL | 631.1 | 630 |
| AUBANK | 703.4 | 670 |
| AUROPHARMA | 1205.9 | 1200 |
| AXISBANK | 1203 | 1180 |
| BAJAJ-AUTO | 8039.5 | 8000 |
| BAJAJFINSV | 2050.4 | 2020 |
| BAJFINANCE | 9018.5 | 9000 |
| BALKRISIND | 2751.3 | 2720 |
| BANDHANBNK | 163.57 | 165 |
| BANKBARODA | 226.85 | 230 |
| BANKINDIA | 110.09 | 110 |
| BEL | 322.8 | 315 |
| BHARATFORG | 1199.2 | 1140 |
| BHARTIARTL | 1870.8 | 1860 |
| BHEL | 232.95 | 230 |
| BIOCON | 328.15 | 330 |
| BOSCHLTD | 31005 | 30000 |
| BPCL | 309.05 | 310 |
| BRITANNIA | 5608.5 | 5500 |
| BSE | 6955.5 | 6600 |
| BSOFT | 420.45 | 400 |
| CAMS | 3671.6 | 3750 |
| CANBK | 100.86 | 99 |
| CDSL | 1279 | 1300 |
| CESC | 166.76 | 160 |
| CGPOWER | 645.8 | 630 |
| CHAMBLFERT | 689.35 | 690 |
| CHOLAFIN | 1579.2 | 1540 |
| CIPLA | 1511.6 | 1500 |
| COALINDIA | 395.5 | 390 |
| COFORGE | 8311.5 | 7500 |
| COLPAL | 2611.6 | 2620 |
| CONCOR | 688.25 | 700 |
| CROMPTON | 335.5 | 335 |
| CUMMINSIND | 2862.9 | 2900 |
| CYIENT | 1258.4 | 1200 |
| DABUR | 475.05 | 480 |
| DALBHARAT | 1980.9 | 1940 |
| DEEPAKNTR | 1981.1 | 2000 |
| DELHIVERY | 311 | 305 |
| DIVISLAB | 5942 | 6000 |
| DIXON | 16073 | 16000 |
| DLF | 680.5 | 670 |
| DMART | 4023.5 | 4100 |
| DRREDDY | 1195.6 | 1170 |
| EICHERMOT | 5520 | 5550 |
| ESCORTS | 3413.1 | 3300 |
| ETERNAL | 239.5 | 230 |
| EXIDEIND | 378.05 | 380 |
| FEDERALBNK | 194.45 | 195 |
| GAIL | 187.8 | 192.5 |
| GLENMARK | 1381.7 | 1400 |
| GMRAIRPORT | 88.06 | 87 |
| GODREJCP | 1289.5 | 1260 |
| GODREJPROP | 2146.8 | 2150 |
| GRANULES | 460.15 | 460 |
| GRASIM | 2742.8 | 2700 |
| HAL | 4439.7 | 4500 |
| HAVELLS | 1583.1 | 1600 |
| HCLTECH | 1670.3 | 1600 |
| HDFCAMC | 4529.1 | 4450 |
| HDFCBANK | 1957.2 | 1940 |
| HDFCLIFE | 734.6 | 720 |
| HEROMOTOCO | 3984.9 | 3900 |
| HFCL | 81.9 | 80 |
| HINDALCO | 651.95 | 640 |
| HINDCOPPER | 225.06 | 220 |
| HINDPETRO | 388.8 | 395 |
| HINDUNILVR | 2382.5 | 2380 |
| HINDZINC | 434.95 | 430 |
| HUDCO | 224.47 | 220 |
| ICICIBANK | 1448.5 | 1430 |
| ICICIGI | 1836.7 | 1840 |
| ICICIPRULI | 604 | 600 |
| IDEA | 7.07 | 8 |
| IDFCFIRSTB | 69.08 | 66 |
| IEX | 194.95 | 192.5 |
| IGL | 205.28 | 195 |
| IIFL | 388.15 | 370 |
| INDHOTEL | 769.15 | 760 |
| INDIANB | 572.1 | 570 |
| INDIGO | 5476.5 | 5350 |
| INDUSINDBK | 788.5 | 820 |
| INDUSTOWER | 397.4 | 390 |
| INFY | 1626.9 | 1540 |
| INOXWIND | 170.05 | 170 |
| IOC | 142.35 | 143 |
| IRB | 47.81 | 46 |
| IRCTC | 763.45 | 770 |
| IREDA | 168 | 165 |
| IRFC | 125.53 | 125 |
| ITC | 435.5 | 430 |
| JINDALSTEL | 904.75 | 900 |
| JIOFIN | 262.9 | 260 |
| JSL | 610 | 600 |
| JSWENERGY | 481.1 | 480 |
| JSWSTEEL | 1005.2 | 1000 |
| JUBLFOOD | 696.1 | 700 |
| KALYANKJIL | 538.15 | 520 |
| KEI | 3386 | 3200 |
| KOTAKBANK | 2145 | 2140 |
| KPITTECH | 1325.1 | 1260 |
| LAURUSLABS | 593.45 | 610 |
| LICHSGFIN | 601.5 | 600 |
| LICI | 815.45 | 800 |
| LODHA | 1305.4 | 1300 |
| LT | 3587.2 | 3440 |
| LTF | 171.2 | 165 |
| LTIM | 4940.4 | 4650 |
| LUPIN | 2039.8 | 2040 |
| M&M | 3104.7 | 3000 |
| M&MFIN | 256.85 | 265 |
| MANAPPURAM | 230.73 | 230 |
| MARICO | 738.1 | 720 |
| MARUTI | 12616 | 12000 |
| MAXHEALTH | 1159.9 | 1140 |
| MCX | 6061.5 | 6000 |
| MFSL | 1293 | 1280 |
| MGL | 1409.2 | 1360 |
| MOTHERSON | 145.06 | 140 |
| MPHASIS | 2532.4 | 2500 |
| MRF | 139925 | 138000 |
| MUTHOOTFIN | 2256.4 | 2200 |
| NATIONALUM | 168.95 | 170 |
| NAUKRI | 1476 | 1440 |
| NBCC | 99.81 | 98 |
| NCC | 220.37 | 217.5 |
| NESTLEIND | 2383.8 | 2380 |
| NHPC | 83.3 | 84 |
| NMDC | 68.08 | 68 |
| NTPC | 348.55 | 345 |
| NYKAA | 198.97 | 195 |
| OBEROIRLTY | 1617.7 | 1620 |
| OFSS | 8714 | 8400 |
| OIL | 416.45 | 400 |
| ONGC | 244.02 | 240 |
| PAGEIND | 47050 | 46000 |
| PATANJALI | 1818.9 | 1860 |
| PAYTM | 866.05 | 860 |
| PEL | 1062.3 | 1020 |
| PERSISTENT | 5876.5 | 5400 |
| PETRONET | 314.3 | 310 |
| PFC | 413.95 | 420 |
| PHOENIXLTD | 1523.8 | 1550 |
| PIDILITIND | 3076.5 | 3020 |
| PIIND | 3708.4 | 3700 |
| PNB | 95.78 | 96 |
| PNBHOUSING | 1070.8 | 1060 |
| POLICYBZR | 1698 | 1640 |
| POLYCAB | 5992.5 | 5800 |
| POONAWALLA | 385.55 | 380 |
| POWERGRID | 309.05 | 310 |
| PRESTIGE | 1366.1 | 1360 |
| RAMCOCEM | 952.3 | 950 |
| RBLBANK | 205.82 | 200 |
| RECLTD | 412.65 | 420 |
| RELIANCE | 1436.5 | 1380 |
| SAIL | 118.24 | 117.5 |
| SBICARD | 898.15 | 890 |
| SBILIFE | 1751.5 | 1720 |
| SBIN | 801.65 | 800 |
| SHREECEM | 30135 | 30000 |
| SHRIRAMFIN | 645.95 | 620 |
| SIEMENS | 2895.9 | 2900 |
| SJVN | 96.48 | 95 |
| SOLARINDS | 13289 | 13000 |
| SONACOMS | 519.8 | 490 |
| SRF | 3014.5 | 3000 |
| SUNPHARMA | 1686.2 | 1700 |
| SUPREMEIND | 3580.1 | 3500 |
| SYNGENE | 625.6 | 630 |
| TATACHEM | 848.75 | 860 |
| TATACOMM | 1567.4 | 1600 |
| TATACONSUM | 1145.6 | 1130 |
| TATAELXSI | 6100 | 5750 |
| TATAMOTORS | 720.8 | 700 |
| TATAPOWER | 391.4 | 400 |
| TATASTEEL | 151.63 | 145 |
| TATATECH | 701.05 | 670 |
| TCS | 3620.4 | 3480 |
| TECHM | 1573.1 | 1500 |
| TIINDIA | 2961.9 | 2850 |
| TITAGARH | 744.25 | 740 |
| TITAN | 3562.9 | 3480 |
| TORNTPHARM | 3237.7 | 3250 |
| TORNTPOWER | 1465.2 | 1460 |
| TRENT | 5441 | 5300 |
| TVSMOTOR | 2760.7 | 2740 |
| ULTRACEMCO | 11736 | 11800 |
| UNIONBANK | 128.11 | 125 |
| UNITDSPR | 1564.2 | 1560 |
| UPL | 676.85 | 670 |
| VBL | 513.85 | 510 |
| VEDL | 436.05 | 430 |
| VOLTAS | 1265.7 | 1260 |
| WIPRO | 257.28 | 245 |
| YESBANK | 20.41 | 19 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 884.85 | 880 |
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.
