CRUDEOIL
Crude Oil
Max pain for CRUDEOIL
12 May 2025 11:08 AM IST
Max Pain for CRUDEOIL is 5100
Strike 3800 has a total call value of 0 versus a total put value of 951,796,500,000 Combined total value = 951,796,500,000
Strike 3850 has a total call value of 0 versus a total put value of 910,270,500,000 Combined total value = 910,270,500,000
Strike 3900 has a total call value of 0 versus a total put value of 868,744,500,000 Combined total value = 868,744,500,000
Strike 3950 has a total call value of 0 versus a total put value of 827,218,500,000 Combined total value = 827,218,500,000
Strike 4000 has a total call value of 0 versus a total put value of 785,692,500,000 Combined total value = 785,692,500,000
Strike 4050 has a total call value of 0 versus a total put value of 744,871,000,000 Combined total value = 744,871,000,000
Strike 4100 has a total call value of 0 versus a total put value of 704,049,500,000 Combined total value = 704,049,500,000
Strike 4150 has a total call value of 0 versus a total put value of 663,367,500,000 Combined total value = 663,367,500,000
Strike 4200 has a total call value of 0 versus a total put value of 622,685,500,000 Combined total value = 622,685,500,000
Strike 4250 has a total call value of 0 versus a total put value of 582,446,500,000 Combined total value = 582,446,500,000
Strike 4300 has a total call value of 0 versus a total put value of 542,283,500,000 Combined total value = 542,283,500,000
Strike 4350 has a total call value of 0 versus a total put value of 502,444,500,000 Combined total value = 502,444,500,000
Strike 4400 has a total call value of 0 versus a total put value of 462,605,500,000 Combined total value = 462,605,500,000
Strike 4450 has a total call value of 0 versus a total put value of 423,584,000,000 Combined total value = 423,584,000,000
Strike 4500 has a total call value of 0 versus a total put value of 384,959,000,000 Combined total value = 384,959,000,000
Strike 4550 has a total call value of 109,500,000 versus a total put value of 348,344,500,000 Combined total value = 348,454,000,000
Strike 4600 has a total call value of 219,000,000 versus a total put value of 311,913,000,000 Combined total value = 312,132,000,000
Strike 4650 has a total call value of 328,500,000 versus a total put value of 276,368,000,000 Combined total value = 276,696,500,000
Strike 4700 has a total call value of 438,000,000 versus a total put value of 241,445,000,000 Combined total value = 241,883,000,000
Strike 4750 has a total call value of 845,000,000 versus a total put value of 208,659,500,000 Combined total value = 209,504,500,000
Strike 4800 has a total call value of 1,421,000,000 versus a total put value of 177,111,500,000 Combined total value = 178,532,500,000
Strike 4850 has a total call value of 3,269,500,000 versus a total put value of 148,624,500,000 Combined total value = 151,894,000,000
Strike 4900 has a total call value of 5,804,500,000 versus a total put value of 121,442,000,000 Combined total value = 127,246,500,000
Strike 4950 has a total call value of 9,225,000,000 versus a total put value of 97,557,500,000 Combined total value = 106,782,500,000
Strike 5000 has a total call value of 13,454,500,000 versus a total put value of 75,444,000,000 Combined total value = 88,898,500,000
Strike 5050 has a total call value of 22,510,500,000 versus a total put value of 58,210,000,000 Combined total value = 80,720,500,000
Strike 5100 has a total call value of 32,143,500,000 versus a total put value of 42,763,000,000 Combined total value = 74,906,500,000
Strike 5150 has a total call value of 44,401,500,000 versus a total put value of 31,355,500,000 Combined total value = 75,757,000,000
Strike 5200 has a total call value of 57,866,500,000 versus a total put value of 21,324,000,000 Combined total value = 79,190,500,000
Strike 5250 has a total call value of 77,187,500,000 versus a total put value of 15,146,500,000 Combined total value = 92,334,000,000
Strike 5300 has a total call value of 98,974,500,000 versus a total put value of 9,697,000,000 Combined total value = 108,671,500,000
Strike 5350 has a total call value of 126,659,500,000 versus a total put value of 6,671,500,000 Combined total value = 133,331,000,000
Strike 5400 has a total call value of 156,469,500,000 versus a total put value of 4,117,500,000 Combined total value = 160,587,000,000
Strike 5450 has a total call value of 192,905,500,000 versus a total put value of 3,076,000,000 Combined total value = 195,981,500,000
Strike 5500 has a total call value of 230,549,500,000 versus a total put value of 2,090,000,000 Combined total value = 232,639,500,000
Strike 5550 has a total call value of 274,841,500,000 versus a total put value of 1,624,500,000 Combined total value = 276,466,000,000
Strike 5600 has a total call value of 320,157,000,000 versus a total put value of 1,184,000,000 Combined total value = 321,341,000,000
Strike 5650 has a total call value of 369,081,500,000 versus a total put value of 930,500,000 Combined total value = 370,012,000,000
Strike 5700 has a total call value of 418,604,500,000 versus a total put value of 677,000,000 Combined total value = 419,281,500,000
Strike 5750 has a total call value of 469,979,500,000 versus a total put value of 423,500,000 Combined total value = 470,403,000,000
Strike 5800 has a total call value of 521,716,000,000 versus a total put value of 170,000,000 Combined total value = 521,886,000,000
Strike 5850 has a total call value of 575,026,500,000 versus a total put value of 85,000,000 Combined total value = 575,111,500,000
Strike 5900 has a total call value of 629,140,000,000 versus a total put value of 0 Combined total value = 629,140,000,000
Strike 5950 has a total call value of 683,876,500,000 versus a total put value of 0 Combined total value = 683,876,500,000
Strike 6000 has a total call value of 738,796,000,000 versus a total put value of 0 Combined total value = 738,796,000,000
Strike 6050 has a total call value of 796,889,500,000 versus a total put value of 0 Combined total value = 796,889,500,000
Strike 6100 has a total call value of 855,151,000,000 versus a total put value of 0 Combined total value = 855,151,000,000
Strike 6150 has a total call value of 913,720,500,000 versus a total put value of 0 Combined total value = 913,720,500,000
Strike 6200 has a total call value of 972,290,000,000 versus a total put value of 0 Combined total value = 972,290,000,000
Strike 6250 has a total call value of 1,031,178,500,000 versus a total put value of 0 Combined total value = 1,031,178,500,000
Strike 6300 has a total call value of 1,090,158,000,000 versus a total put value of 0 Combined total value = 1,090,158,000,000
Strike 6350 has a total call value of 1,149,452,500,000 versus a total put value of 0 Combined total value = 1,149,452,500,000
Strike 6400 has a total call value of 1,208,812,500,000 versus a total put value of 0 Combined total value = 1,208,812,500,000
Strike 6450 has a total call value of 1,268,428,500,000 versus a total put value of 0 Combined total value = 1,268,428,500,000
Strike 6500 has a total call value of 1,328,132,500,000 versus a total put value of 0 Combined total value = 1,328,132,500,000
Strike 6550 has a total call value of 1,388,672,000,000 versus a total put value of 0 Combined total value = 1,388,672,000,000
Strike 6600 has a total call value of 1,449,211,500,000 versus a total put value of 0 Combined total value = 1,449,211,500,000
Strike 6650 has a total call value of 1,509,895,500,000 versus a total put value of 0 Combined total value = 1,509,895,500,000
Strike 6700 has a total call value of 1,570,579,500,000 versus a total put value of 0 Combined total value = 1,570,579,500,000
Strike 6750 has a total call value of 1,631,263,500,000 versus a total put value of 0 Combined total value = 1,631,263,500,000
Strike 6800 has a total call value of 1,691,947,500,000 versus a total put value of 0 Combined total value = 1,691,947,500,000
Strike 6850 has a total call value of 1,752,631,500,000 versus a total put value of 0 Combined total value = 1,752,631,500,000
Strike 6900 has a total call value of 1,813,317,000,000 versus a total put value of 0 Combined total value = 1,813,317,000,000
Strike 6950 has a total call value of 1,874,002,500,000 versus a total put value of 0 Combined total value = 1,874,002,500,000
Strike 7000 has a total call value of 1,934,688,000,000 versus a total put value of 0 Combined total value = 1,934,688,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 464.95 | 450 |
| ABB | 5499.5 | 5600 |
| ABCAPITAL | 204.98 | 200 |
| ABFRL | 265.9 | 270 |
| ACC | 1861.7 | 1900 |
| ADANIENSOL | 885.25 | 900 |
| ADANIENT | 2406.2 | 2460 |
| ADANIGREEN | 937.25 | 940 |
| ADANIPORTS | 1368 | 1300 |
| ALKEM | 5025 | 5000 |
| AMBUJACEM | 540.55 | 545 |
| ANGELONE | 2440.4 | 2400 |
| APLAPOLLO | 1712 | 1660 |
| APOLLOHOSP | 6923 | 6950 |
| APOLLOTYRE | 473.35 | 475 |
| ASHOKLEY | 227.56 | 225 |
| ASIANPAINT | 2366.6 | 2380 |
| ASTRAL | 1330.2 | 1340 |
| ATGL | 631 | 620 |
| AUBANK | 700 | 670 |
| AUROPHARMA | 1195.2 | 1200 |
| AXISBANK | 1199.9 | 1180 |
| BAJAJ-AUTO | 7927 | 8000 |
| BAJAJFINSV | 2034.4 | 2000 |
| BAJFINANCE | 8937 | 9000 |
| BALKRISIND | 2753.8 | 2740 |
| BANDHANBNK | 163.8 | 165 |
| BANKBARODA | 227.1 | 230 |
| BANKINDIA | 110.16 | 111 |
| BEL | 317.35 | 310 |
| BHARATFORG | 1178.5 | 1140 |
| BHARTIARTL | 1867.6 | 1860 |
| BHEL | 228.75 | 230 |
| BIOCON | 328.5 | 330 |
| BOSCHLTD | 30805 | 30000 |
| BPCL | 310.6 | 310 |
| BRITANNIA | 5498.5 | 5450 |
| BSE | 6950 | 6600 |
| BSOFT | 407.2 | 400 |
| CAMS | 3663 | 3700 |
| CANBK | 100.84 | 98 |
| CDSL | 1268.4 | 1280 |
| CESC | 165.24 | 160 |
| CGPOWER | 632.2 | 630 |
| CHAMBLFERT | 704.55 | 690 |
| CHOLAFIN | 1571.6 | 1540 |
| CIPLA | 1503.5 | 1500 |
| COALINDIA | 392.85 | 390 |
| COFORGE | 8087.5 | 7500 |
| COLPAL | 2617 | 2600 |
| CONCOR | 679 | 700 |
| CROMPTON | 332.95 | 335 |
| CUMMINSIND | 2823.2 | 2900 |
| CYIENT | 1233.7 | 1200 |
| DABUR | 472 | 480 |
| DALBHARAT | 1980.9 | 1940 |
| DEEPAKNTR | 1980.6 | 1980 |
| DELHIVERY | 306.6 | 300 |
| DIVISLAB | 5983 | 6000 |
| DIXON | 16165 | 16000 |
| DLF | 669 | 670 |
| DMART | 4013.1 | 4050 |
| DRREDDY | 1190.3 | 1170 |
| EICHERMOT | 5465 | 5550 |
| ESCORTS | 3328.8 | 3300 |
| ETERNAL | 235.2 | 230 |
| EXIDEIND | 375.9 | 375 |
| FEDERALBNK | 193.99 | 195 |
| GAIL | 187.95 | 192.5 |
| GLENMARK | 1382.3 | 1400 |
| GMRAIRPORT | 88.02 | 86 |
| GODREJCP | 1269.7 | 1250 |
| GODREJPROP | 2116.5 | 2100 |
| GRANULES | 455.5 | 460 |
| GRASIM | 2740.8 | 2700 |
| HAL | 4451.5 | 4500 |
| HAVELLS | 1575 | 1600 |
| HCLTECH | 1628.3 | 1580 |
| HDFCAMC | 4469 | 4400 |
| HDFCBANK | 1954.8 | 1920 |
| HDFCLIFE | 733.55 | 720 |
| HEROMOTOCO | 3928.4 | 3900 |
| HFCL | 81.62 | 80 |
| HINDALCO | 643.4 | 640 |
| HINDCOPPER | 217.7 | 215 |
| HINDPETRO | 394 | 390 |
| HINDUNILVR | 2376.1 | 2360 |
| HINDZINC | 426.8 | 430 |
| HUDCO | 219.36 | 220 |
| ICICIBANK | 1437.1 | 1420 |
| ICICIGI | 1835 | 1840 |
| ICICIPRULI | 601.45 | 600 |
| IDEA | 7.04 | 8 |
| IDFCFIRSTB | 69.04 | 66 |
| IEX | 195.46 | 192.5 |
| IGL | 205.35 | 195 |
| IIFL | 387.8 | 370 |
| INDHOTEL | 763.9 | 760 |
| INDIANB | 568.9 | 570 |
| INDIGO | 5461.5 | 5300 |
| INDUSINDBK | 817 | 830 |
| INDUSTOWER | 393.9 | 390 |
| INFY | 1562.3 | 1500 |
| INOXWIND | 166.84 | 170 |
| IOC | 142.99 | 143 |
| IRB | 47.48 | 46 |
| IRCTC | 751 | 760 |
| IREDA | 165.63 | 160 |
| IRFC | 123.35 | 125 |
| ITC | 433.35 | 430 |
| JINDALSTEL | 882.4 | 890 |
| JIOFIN | 260.95 | 260 |
| JSL | 600.5 | 600 |
| JSWENERGY | 476 | 480 |
| JSWSTEEL | 985.4 | 990 |
| JUBLFOOD | 688 | 700 |
| KALYANKJIL | 534.35 | 520 |
| KEI | 3357.9 | 3200 |
| KOTAKBANK | 2158.8 | 2140 |
| KPITTECH | 1308.8 | 1260 |
| LAURUSLABS | 596.65 | 610 |
| LICHSGFIN | 597.55 | 600 |
| LICI | 809.4 | 800 |
| LODHA | 1296.3 | 1300 |
| LT | 3541.1 | 3400 |
| LTF | 168.29 | 165 |
| LTIM | 4782.6 | 4550 |
| LUPIN | 2008.4 | 2040 |
| M&M | 3035.8 | 3000 |
| M&MFIN | 253.65 | 265 |
| MANAPPURAM | 230.63 | 230 |
| MARICO | 731.7 | 720 |
| MARUTI | 12530 | 12000 |
| MAXHEALTH | 1148.2 | 1140 |
| MCX | 6114.5 | 6000 |
| MFSL | 1291.5 | 1280 |
| MGL | 1412 | 1380 |
| MOTHERSON | 141.8 | 140 |
| MPHASIS | 2490 | 2500 |
| MRF | 139960 | 138000 |
| MUTHOOTFIN | 2271 | 2200 |
| NATIONALUM | 164.43 | 165 |
| NAUKRI | 1451 | 1400 |
| NBCC | 97.53 | 98 |
| NCC | 217 | 217.5 |
| NESTLEIND | 2359.9 | 2360 |
| NHPC | 82.31 | 84 |
| NMDC | 66.78 | 67 |
| NTPC | 346.9 | 345 |
| NYKAA | 197.88 | 195 |
| OBEROIRLTY | 1602.9 | 1600 |
| OFSS | 8497 | 8335 |
| OIL | 417.95 | 400 |
| ONGC | 241.87 | 240 |
| PAGEIND | 46780 | 46000 |
| PATANJALI | 1828 | 1860 |
| PAYTM | 865.85 | 860 |
| PEL | 1046.15 | 1020 |
| PERSISTENT | 5735 | 5400 |
| PETRONET | 313.9 | 310 |
| PFC | 409.65 | 420 |
| PHOENIXLTD | 1506.5 | 1550 |
| PIDILITIND | 3053.1 | 3020 |
| PIIND | 3692 | 3700 |
| PNB | 95.46 | 95 |
| PNBHOUSING | 1068.6 | 1060 |
| POLICYBZR | 1661.9 | 1640 |
| POLYCAB | 5908 | 5800 |
| POONAWALLA | 388.25 | 380 |
| POWERGRID | 307.8 | 310 |
| PRESTIGE | 1339.4 | 1340 |
| RAMCOCEM | 949.95 | 950 |
| RBLBANK | 204.42 | 200 |
| RECLTD | 408.75 | 420 |
| RELIANCE | 1422.6 | 1380 |
| SAIL | 114.76 | 115 |
| SBICARD | 901.2 | 880 |
| SBILIFE | 1751.5 | 1720 |
| SBIN | 799.2 | 790 |
| SHREECEM | 29855 | 30000 |
| SHRIRAMFIN | 634.9 | 620 |
| SIEMENS | 2917.1 | 2900 |
| SJVN | 94.11 | 95 |
| SOLARINDS | 13256 | 13000 |
| SONACOMS | 512.55 | 490 |
| SRF | 3041.2 | 3000 |
| SUNPHARMA | 1685.3 | 1700 |
| SUPREMEIND | 3580.1 | 3500 |
| SYNGENE | 620.2 | 630 |
| TATACHEM | 840 | 850 |
| TATACOMM | 1556.2 | 1600 |
| TATACONSUM | 1148.6 | 1130 |
| TATAELXSI | 5928 | 5700 |
| TATAMOTORS | 719.1 | 690 |
| TATAPOWER | 389.65 | 400 |
| TATASTEEL | 147.29 | 145 |
| TATATECH | 681.7 | 660 |
| TCS | 3529.4 | 3460 |
| TECHM | 1531.8 | 1500 |
| TIINDIA | 2909.1 | 2850 |
| TITAGARH | 735.65 | 740 |
| TITAN | 3567.9 | 3480 |
| TORNTPHARM | 3171.7 | 3250 |
| TORNTPOWER | 1450.8 | 1440 |
| TRENT | 5362 | 5300 |
| TVSMOTOR | 2759.4 | 2720 |
| ULTRACEMCO | 11617 | 11800 |
| UNIONBANK | 127.69 | 125 |
| UNITDSPR | 1562.9 | 1560 |
| UPL | 692.55 | 670 |
| VBL | 510.95 | 510 |
| VEDL | 424.4 | 420 |
| VOLTAS | 1258.8 | 1260 |
| WIPRO | 250.44 | 245 |
| YESBANK | 20.35 | 20 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 884.4 | 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.
