CRUDEOIL
Crude Oil
Max pain for CRUDEOIL
17 Apr 2025 11:29 PM IST
Max Pain for CRUDEOIL is 5400
Strike 4200 has a total call value of 0 versus a total put value of 224,254,000,000 Combined total value = 224,254,000,000
Strike 4250 has a total call value of 0 versus a total put value of 213,512,500,000 Combined total value = 213,512,500,000
Strike 4300 has a total call value of 0 versus a total put value of 202,771,000,000 Combined total value = 202,771,000,000
Strike 4350 has a total call value of 0 versus a total put value of 192,029,500,000 Combined total value = 192,029,500,000
Strike 4400 has a total call value of 0 versus a total put value of 181,288,000,000 Combined total value = 181,288,000,000
Strike 4450 has a total call value of 0 versus a total put value of 170,564,000,000 Combined total value = 170,564,000,000
Strike 4500 has a total call value of 0 versus a total put value of 159,848,000,000 Combined total value = 159,848,000,000
Strike 4550 has a total call value of 0 versus a total put value of 149,620,500,000 Combined total value = 149,620,500,000
Strike 4600 has a total call value of 0 versus a total put value of 139,400,000,000 Combined total value = 139,400,000,000
Strike 4650 has a total call value of 0 versus a total put value of 129,191,500,000 Combined total value = 129,191,500,000
Strike 4700 has a total call value of 0 versus a total put value of 118,988,000,000 Combined total value = 118,988,000,000
Strike 4750 has a total call value of 0 versus a total put value of 108,828,000,000 Combined total value = 108,828,000,000
Strike 4800 has a total call value of 0 versus a total put value of 98,672,500,000 Combined total value = 98,672,500,000
Strike 4850 has a total call value of 0 versus a total put value of 88,822,500,000 Combined total value = 88,822,500,000
Strike 4900 has a total call value of 0 versus a total put value of 78,979,500,000 Combined total value = 78,979,500,000
Strike 4950 has a total call value of 20,500,000 versus a total put value of 69,334,500,000 Combined total value = 69,355,000,000
Strike 5000 has a total call value of 44,500,000 versus a total put value of 59,706,000,000 Combined total value = 59,750,500,000
Strike 5050 has a total call value of 167,500,000 versus a total put value of 51,046,000,000 Combined total value = 51,213,500,000
Strike 5100 has a total call value of 290,500,000 versus a total put value of 42,434,500,000 Combined total value = 42,725,000,000
Strike 5150 has a total call value of 511,500,000 versus a total put value of 34,658,500,000 Combined total value = 35,170,000,000
Strike 5200 has a total call value of 755,000,000 versus a total put value of 27,050,500,000 Combined total value = 27,805,500,000
Strike 5250 has a total call value of 1,603,500,000 versus a total put value of 21,159,500,000 Combined total value = 22,763,000,000
Strike 5300 has a total call value of 2,567,500,000 versus a total put value of 15,544,000,000 Combined total value = 18,111,500,000
Strike 5350 has a total call value of 4,470,000,000 versus a total put value of 11,903,500,000 Combined total value = 16,373,500,000
Strike 5400 has a total call value of 6,492,500,000 versus a total put value of 8,563,500,000 Combined total value = 15,056,000,000
Strike 5450 has a total call value of 11,045,500,000 versus a total put value of 6,792,000,000 Combined total value = 17,837,500,000
Strike 5500 has a total call value of 15,748,500,000 versus a total put value of 5,197,000,000 Combined total value = 20,945,500,000
Strike 5550 has a total call value of 21,754,000,000 versus a total put value of 4,301,000,000 Combined total value = 26,055,000,000
Strike 5600 has a total call value of 28,012,000,000 versus a total put value of 3,434,000,000 Combined total value = 31,446,000,000
Strike 5650 has a total call value of 35,063,500,000 versus a total put value of 2,770,000,000 Combined total value = 37,833,500,000
Strike 5700 has a total call value of 42,259,500,000 versus a total put value of 2,137,500,000 Combined total value = 44,397,000,000
Strike 5750 has a total call value of 50,285,500,000 versus a total put value of 1,681,000,000 Combined total value = 51,966,500,000
Strike 5800 has a total call value of 58,383,500,000 versus a total put value of 1,258,000,000 Combined total value = 59,641,500,000
Strike 5850 has a total call value of 67,044,000,000 versus a total put value of 912,500,000 Combined total value = 67,956,500,000
Strike 5900 has a total call value of 75,748,000,000 versus a total put value of 567,000,000 Combined total value = 76,315,000,000
Strike 5950 has a total call value of 84,990,500,000 versus a total put value of 283,500,000 Combined total value = 85,274,000,000
Strike 6000 has a total call value of 94,286,500,000 versus a total put value of 0 Combined total value = 94,286,500,000
Strike 6050 has a total call value of 105,462,500,000 versus a total put value of 0 Combined total value = 105,462,500,000
Strike 6100 has a total call value of 116,665,500,000 versus a total put value of 0 Combined total value = 116,665,500,000
Strike 6150 has a total call value of 127,948,000,000 versus a total put value of 0 Combined total value = 127,948,000,000
Strike 6200 has a total call value of 139,237,000,000 versus a total put value of 0 Combined total value = 139,237,000,000
Strike 6250 has a total call value of 150,769,500,000 versus a total put value of 0 Combined total value = 150,769,500,000
Strike 6300 has a total call value of 162,317,000,000 versus a total put value of 0 Combined total value = 162,317,000,000
Strike 6350 has a total call value of 173,894,000,000 versus a total put value of 0 Combined total value = 173,894,000,000
Strike 6400 has a total call value of 185,471,500,000 versus a total put value of 0 Combined total value = 185,471,500,000
Strike 6450 has a total call value of 197,072,500,000 versus a total put value of 0 Combined total value = 197,072,500,000
Strike 6500 has a total call value of 208,673,500,000 versus a total put value of 0 Combined total value = 208,673,500,000
Strike 6550 has a total call value of 220,783,500,000 versus a total put value of 0 Combined total value = 220,783,500,000
Strike 6600 has a total call value of 232,893,500,000 versus a total put value of 0 Combined total value = 232,893,500,000
Strike 6650 has a total call value of 245,003,500,000 versus a total put value of 0 Combined total value = 245,003,500,000
Strike 6700 has a total call value of 257,113,500,000 versus a total put value of 0 Combined total value = 257,113,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 399.75 | 395 |
| ABB | 5571.5 | 5400 |
| ABCAPITAL | 198.18 | 190 |
| ABFRL | 266.2 | 265 |
| ACC | 2061.7 | 2060 |
| ADANIENSOL | 914.15 | 880 |
| ADANIENT | 2418.1 | 2400 |
| ADANIGREEN | 947.15 | 940 |
| ADANIPORTS | 1259.4 | 1200 |
| ALKEM | 4953.3 | 4900 |
| AMBUJACEM | 569.8 | 560 |
| ANGELONE | 2356.2 | 2300 |
| APLAPOLLO | 1589.4 | 1540 |
| APOLLOHOSP | 7073.5 | 6700 |
| APOLLOTYRE | 451.75 | 435 |
| ASHOKLEY | 218.98 | 210 |
| ASIANPAINT | 2467.9 | 2400 |
| ASTRAL | 1306.8 | 1300 |
| ATGL | 608.25 | 600 |
| AUBANK | 586.55 | 560 |
| AUROPHARMA | 1171.6 | 1140 |
| AXISBANK | 1190.8 | 1110 |
| BAJAJ-AUTO | 8018 | 7900 |
| BAJAJFINSV | 2035.3 | 1960 |
| BAJFINANCE | 9162.5 | 9000 |
| BALKRISIND | 2503.9 | 2500 |
| BANDHANBNK | 158.79 | 152.5 |
| BANKBARODA | 242.81 | 235 |
| BANKINDIA | 117.1 | 114 |
| BEL | 295.15 | 290 |
| BERGEPAINT | 543.6 | 525 |
| BHARATFORG | 1068.2 | 1060 |
| BHARTIARTL | 1889.1 | 1780 |
| BHEL | 227.39 | 220 |
| BIOCON | 331.3 | 330 |
| BOSCHLTD | 27505 | 27000 |
| BPCL | 298.35 | 290 |
| BRITANNIA | 5454.6 | 5200 |
| BSE | 5931 | 5500 |
| BSOFT | 371.55 | 380 |
| CAMS | 3882.5 | 3800 |
| CANBK | 96.02 | 95 |
| CDSL | 1241.9 | 1200 |
| CESC | 158.16 | 155 |
| CGPOWER | 619.85 | 600 |
| CHAMBLFERT | 673.6 | 640 |
| CHOLAFIN | 1587.3 | 1520 |
| CIPLA | 1515.2 | 1480 |
| COALINDIA | 398.85 | 400 |
| COFORGE | 6600 | 6600 |
| COLPAL | 2570.5 | 2500 |
| CONCOR | 699.15 | 700 |
| CROMPTON | 332.2 | 335 |
| CUMMINSIND | 2891.2 | 2900 |
| CYIENT | 1189.5 | 1200 |
| DABUR | 479.3 | 480 |
| DALBHARAT | 1851.6 | 1840 |
| DEEPAKNTR | 1959.8 | 1920 |
| DELHIVERY | 281.05 | 260 |
| DIVISLAB | 5640 | 5700 |
| DIXON | 15323 | 14500 |
| DLF | 669.4 | 660 |
| DMART | 4357.1 | 4100 |
| DRREDDY | 1163.6 | 1150 |
| EICHERMOT | 5678.5 | 5500 |
| ESCORTS | 3265.2 | 3200 |
| ETERNAL | 231.6 | 220 |
| EXIDEIND | 375.3 | 370 |
| FEDERALBNK | 194.85 | 192.5 |
| GAIL | 186.99 | 182.5 |
| GLENMARK | 1342.4 | 1400 |
| GMRAIRPORT | 86.53 | 82 |
| GODREJCP | 1239.3 | 1200 |
| GODREJPROP | 1991.1 | 2000 |
| GOLDM | 94820 | 93000 |
| GRANULES | 467.5 | 470 |
| GRASIM | 2760.7 | 2620 |
| HAL | 4220.4 | 4200 |
| HAVELLS | 1638.5 | 1560 |
| HCLTECH | 1438 | 1460 |
| HDFCAMC | 4218 | 4100 |
| HDFCBANK | 1906.7 | 1840 |
| HDFCLIFE | 720.05 | 700 |
| HEROMOTOCO | 3771.8 | 3700 |
| HFCL | 83.3 | 82 |
| HINDALCO | 609.5 | 620 |
| HINDCOPPER | 210.41 | 215 |
| HINDPETRO | 387.7 | 375 |
| HINDUNILVR | 2375 | 2300 |
| HINDZINC | 439.7 | 430 |
| HUDCO | 228.84 | 220 |
| ICICIBANK | 1406.7 | 1340 |
| ICICIGI | 1793.4 | 1780 |
| ICICIPRULI | 595.65 | 580 |
| IDEA | 7.31 | 8 |
| IDFCFIRSTB | 63 | 60 |
| IEX | 187.62 | 180 |
| IGL | 176.95 | 180 |
| IIFL | 334.4 | 330 |
| INDHOTEL | 841.2 | 820 |
| INDIANB | 575.2 | 550 |
| INDIGO | 5366 | 5200 |
| INDUSINDBK | 794.7 | 740 |
| INDUSTOWER | 397.9 | 370 |
| INFY | 1419.5 | 1460 |
| INOXWIND | 162.85 | 155 |
| IOC | 134.3 | 132.5 |
| IRB | 46.91 | 45 |
| IRCTC | 769.4 | 740 |
| IREDA | 173.41 | 160 |
| IRFC | 129.48 | 125 |
| ITC | 427.25 | 410 |
| JINDALSTEL | 881.7 | 880 |
| JIOFIN | 246.47 | 237.5 |
| JSL | 561.45 | 560 |
| JSWENERGY | 507.9 | 510 |
| JSWSTEEL | 1007.2 | 1000 |
| JUBLFOOD | 697.75 | 680 |
| KALYANKJIL | 524.65 | 510 |
| KEI | 2826 | 2800 |
| KOTAKBANK | 2188.1 | 2120 |
| KPITTECH | 1136.2 | 1160 |
| LAURUSLABS | 628.05 | 600 |
| LICHSGFIN | 604.45 | 580 |
| LICI | 803.2 | 800 |
| LODHA | 1236.1 | 1200 |
| LT | 3247.3 | 3280 |
| LTF | 163.69 | 155 |
| LTIM | 4191.9 | 4300 |
| LUPIN | 1937.2 | 2000 |
| M&M | 2679.4 | 2700 |
| M&MFIN | 275.5 | 270 |
| MANAPPURAM | 229.21 | 230 |
| MARICO | 714.8 | 700 |
| MARUTI | 11695 | 11500 |
| MAXHEALTH | 1084.4 | 1100 |
| MCX | 5668.5 | 5500 |
| MFSL | 1218 | 1180 |
| MGL | 1251.6 | 1280 |
| MOTHERSON | 129.67 | 127.5 |
| MPHASIS | 2273.7 | 2240 |
| MRF | 126475 | 121000 |
| MUTHOOTFIN | 2111.6 | 2100 |
| NATIONALUM | 152.89 | 165 |
| NAUKRI | 6734.5 | 6700 |
| NBCC | 98.4 | 90 |
| NCC | 217.78 | 212.5 |
| NESTLEIND | 2416.6 | 2300 |
| NHPC | 84.98 | 84 |
| NMDC | 65.87 | 66 |
| NTPC | 364 | 360 |
| NYKAA | 189.45 | 180 |
| OBEROIRLTY | 1640.7 | 1600 |
| OFSS | 7950 | 7800 |
| OIL | 384.4 | 380 |
| ONGC | 243.49 | 240 |
| PAGEIND | 44855 | 43500 |
| PATANJALI | 1973.1 | 1920 |
| PAYTM | 849.6 | 820 |
| PEL | 995.1 | 980 |
| PERSISTENT | 4836 | 4800 |
| PETRONET | 303.95 | 300 |
| PFC | 423.7 | 420 |
| PHOENIXLTD | 1614.7 | 1550 |
| PIDILITIND | 3034.3 | 2940 |
| PIIND | 3645.3 | 3550 |
| PNB | 99.5 | 98 |
| PNBHOUSING | 990.65 | 940 |
| POLICYBZR | 1653 | 1600 |
| POLYCAB | 5293 | 5200 |
| POONAWALLA | 384.65 | 360 |
| POWERGRID | 309 | 297.5 |
| PRESTIGE | 1215.2 | 1160 |
| RAMCOCEM | 967.35 | 930 |
| RBLBANK | 183.64 | 180 |
| RECLTD | 428.6 | 430 |
| RELIANCE | 1274.5 | 1250 |
| SAIL | 113.96 | 115 |
| SBICARD | 906.35 | 870 |
| SBILIFE | 1608.2 | 1560 |
| SBIN | 797.45 | 780 |
| SHREECEM | 31000 | 30500 |
| SHRIRAMFIN | 691.75 | 660 |
| SIEMENS | 2810 | 2800 |
| SILVER | 95001 | 95000 |
| SJVN | 94.18 | 92.5 |
| SOLARINDS | 12233 | 11800 |
| SONACOMS | 451.7 | 440 |
| SRF | 2990.4 | 2900 |
| SUNPHARMA | 1751.5 | 1720 |
| SUPREMEIND | 3397.6 | 3350 |
| SYNGENE | 727 | 720 |
| TATACHEM | 848.75 | 850 |
| TATACOMM | 1565 | 1600 |
| TATACONSUM | 1120.2 | 1070 |
| TATAELXSI | 4900.5 | 4900 |
| TATAMOTORS | 621.55 | 630 |
| TATAPOWER | 381.7 | 390 |
| TATASTEEL | 137.14 | 140 |
| TATATECH | 651.5 | 650 |
| TCS | 3298.9 | 3300 |
| TECHM | 1306.8 | 1340 |
| TIINDIA | 2495.8 | 2550 |
| TITAGARH | 787.75 | 780 |
| TITAN | 3327.5 | 3180 |
| TORNTPHARM | 3254.8 | 3200 |
| TORNTPOWER | 1591 | 1540 |
| TRENT | 5130.5 | 5100 |
| TVSMOTOR | 2679.3 | 2520 |
| ULTRACEMCO | 11901 | 11500 |
| UNIONBANK | 126.59 | 125 |
| UNITDSPR | 1517.8 | 1440 |
| UPL | 656.2 | 640 |
| VBL | 556.75 | 540 |
| VEDL | 400.05 | 410 |
| VOLTAS | 1284.9 | 1300 |
| WIPRO | 236.9 | 240 |
| YESBANK | 18.09 | 17 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 831.55 | 850 |
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.
