GAIL
Gail (India) Ltd
Max pain for GAIL
10 Jul 2025 12:36 PM ISTNext Refresh in
Max Pain for GAIL is 190
Strike 155 has a total call value of 0 versus a total put value of 81,347,175,000 Combined total value = 81,347,175,000
Strike 157.5 has a total call value of 0 versus a total put value of 74,808,562,500 Combined total value = 74,808,562,500
Strike 160 has a total call value of 0 versus a total put value of 68,269,950,000 Combined total value = 68,269,950,000
Strike 162.5 has a total call value of 0 versus a total put value of 61,905,375,000 Combined total value = 61,905,375,000
Strike 165 has a total call value of 0 versus a total put value of 55,540,800,000 Combined total value = 55,540,800,000
Strike 167.5 has a total call value of 18,900,000 versus a total put value of 49,377,037,500 Combined total value = 49,395,937,500
Strike 170 has a total call value of 47,250,000 versus a total put value of 43,262,100,000 Combined total value = 43,309,350,000
Strike 172.5 has a total call value of 191,362,500 versus a total put value of 37,663,762,500 Combined total value = 37,855,125,000
Strike 175 has a total call value of 368,550,000 versus a total put value of 32,160,712,500 Combined total value = 32,529,262,500
Strike 177.5 has a total call value of 603,225,000 versus a total put value of 27,117,562,500 Combined total value = 27,720,787,500
Strike 180 has a total call value of 862,312,500 versus a total put value of 22,188,600,000 Combined total value = 23,050,912,500
Strike 182.5 has a total call value of 1,434,037,500 versus a total put value of 17,899,087,500 Combined total value = 19,333,125,000
Strike 185 has a total call value of 2,102,625,000 versus a total put value of 13,829,287,500 Combined total value = 15,931,912,500
Strike 187.5 has a total call value of 3,693,375,000 versus a total put value of 10,759,612,500 Combined total value = 14,452,987,500
Strike 190 has a total call value of 5,642,437,500 versus a total put value of 7,976,587,500 Combined total value = 13,619,025,000
Strike 192.5 has a total call value of 9,861,075,000 versus a total put value of 6,015,712,500 Combined total value = 15,876,787,500
Strike 195 has a total call value of 14,509,687,500 versus a total put value of 4,227,300,000 Combined total value = 18,736,987,500
Strike 197.5 has a total call value of 20,546,662,500 versus a total put value of 2,803,500,000 Combined total value = 23,350,162,500
Strike 200 has a total call value of 26,904,937,500 versus a total put value of 1,463,962,500 Combined total value = 28,368,900,000
Strike 202.5 has a total call value of 35,515,462,500 versus a total put value of 789,075,000 Combined total value = 36,304,537,500
Strike 205 has a total call value of 44,255,925,000 versus a total put value of 173,250,000 Combined total value = 44,429,175,000
Strike 207.5 has a total call value of 53,739,787,500 versus a total put value of 86,625,000 Combined total value = 53,826,412,500
Strike 210 has a total call value of 63,311,850,000 versus a total put value of 0 Combined total value = 63,311,850,000
Strike 212.5 has a total call value of 73,706,850,000 versus a total put value of 0 Combined total value = 73,706,850,000
Strike 215 has a total call value of 84,138,862,500 versus a total put value of 0 Combined total value = 84,138,862,500
Strike 217.5 has a total call value of 94,779,562,500 versus a total put value of 0 Combined total value = 94,779,562,500
Strike 220 has a total call value of 105,420,262,500 versus a total put value of 0 Combined total value = 105,420,262,500
Strike 222.5 has a total call value of 116,700,412,500 versus a total put value of 0 Combined total value = 116,700,412,500
Strike 225 has a total call value of 127,980,562,500 versus a total put value of 0 Combined total value = 127,980,562,500
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1185.7 | 1200 |
| AARTIIND | 452.1 | 465 |
| ABB | 5844 | 6000 |
| ABCAPITAL | 272.4 | 270 |
| ABFRL | 77.84 | 76 |
| ACC | 1992.8 | 1920 |
| ADANIENSOL | 891.55 | 880 |
| ADANIENT | 2588.6 | 2620 |
| ADANIGREEN | 1001.1 | 1000 |
| ADANIPORTS | 1441.4 | 1420 |
| ALKEM | 4737.7 | 4850 |
| AMBER | 7799.5 | 7200 |
| AMBUJACEM | 583.35 | 600 |
| ANGELONE | 2735.9 | 2800 |
| APLAPOLLO | 1724 | 1740 |
| APOLLOHOSP | 7425.5 | 7450 |
| ASHOKLEY | 250.05 | 250 |
| ASIANPAINT | 2486.1 | 2420 |
| ASTRAL | 1496 | 1500 |
| ATGL | 653.2 | 660 |
| AUBANK | 822.05 | 815 |
| AUROPHARMA | 1133.6 | 1140 |
| AXISBANK | 1172.4 | 1180 |
| BAJAJ-AUTO | 8325 | 8400 |
| BAJAJFINSV | 2034.9 | 2020 |
| BAJFINANCE | 948.65 | 940 |
| BALKRISIND | 2632.7 | 2560 |
| BANDHANBNK | 178.55 | 180 |
| BANKBARODA | 240.08 | 240 |
| BANKINDIA | 114.38 | 115.95 |
| BDL | 1914 | 1900 |
| BEL | 415.15 | 420 |
| BHARATFORG | 1238 | 1280 |
| BHARTIARTL | 1977.8 | 2000 |
| BHEL | 262.15 | 260 |
| BIOCON | 371.5 | 365 |
| BLUESTARCO | 1798.5 | 1800 |
| BOSCHLTD | 35925 | 35000 |
| BPCL | 351.15 | 340 |
| BRITANNIA | 5871.5 | 5800 |
| BSE | 2489 | 2600 |
| BSOFT | 425.9 | 430 |
| CAMS | 4194 | 4250 |
| CANBK | 112.88 | 113 |
| CDSL | 1760.5 | 1760 |
| CESC | 179.56 | 175 |
| CGPOWER | 672.05 | 670 |
| CHAMBLFERT | 552.7 | 560 |
| CHOLAFIN | 1547.3 | 1560 |
| CIPLA | 1471.7 | 1500 |
| COALINDIA | 384.9 | 395 |
| COFORGE | 1890.5 | 1880 |
| COLPAL | 2417.8 | 2440 |
| CONCOR | 624.8 | 608 |
| CROMPTON | 343.8 | 350 |
| CUMMINSIND | 3515 | 3400 |
| CYIENT | 1282.2 | 1300 |
| DABUR | 519.45 | 505 |
| DALBHARAT | 2172.3 | 2160 |
| DELHIVERY | 417.8 | 400 |
| DIVISLAB | 6874 | 6850 |
| DIXON | 15750 | 15000 |
| DLF | 830.45 | 840 |
| DMART | 4176.1 | 4250 |
| DRREDDY | 1266.5 | 1280 |
| EICHERMOT | 5664.5 | 5700 |
| ETERNAL | 264.05 | 260 |
| EXIDEIND | 388.2 | 390 |
| FEDERALBNK | 211.75 | 212.5 |
| FORTIS | 778.9 | 780 |
| GAIL | 185.11 | 190 |
| GLENMARK | 1885 | 1800 |
| GMRAIRPORT | 92.19 | 90 |
| GODREJCP | 1287.2 | 1260 |
| GODREJPROP | 2253.6 | 2300 |
| GRANULES | 473 | 490 |
| GRASIM | 2800 | 2800 |
| HAL | 4952 | 4950 |
| HAVELLS | 1522.5 | 1540 |
| HCLTECH | 1661.8 | 1700 |
| HDFCAMC | 5225 | 5100 |
| HDFCBANK | 2011.4 | 2000 |
| HDFCLIFE | 766.7 | 790 |
| HEROMOTOCO | 4327.7 | 4300 |
| HFCL | 82.02 | 85 |
| HINDALCO | 674.45 | 680 |
| HINDCOPPER | 264.75 | 265 |
| HINDPETRO | 442.4 | 435 |
| HINDUNILVR | 2416 | 2360 |
| HINDZINC | 423.1 | 450 |
| HUDCO | 230.17 | 235 |
| ICICIBANK | 1427.3 | 1440 |
| ICICIGI | 1995 | 2000 |
| ICICIPRULI | 671.6 | 660 |
| IDEA | 7.3 | 7 |
| IDFCFIRSTB | 77.19 | 75 |
| IEX | 207.25 | 200 |
| IGL | 220.48 | 215 |
| IIFL | 520.6 | 490 |
| INDHOTEL | 742.7 | 760 |
| INDIANB | 631.6 | 633.75 |
| INDIGO | 5851.5 | 5800 |
| INDUSINDBK | 850 | 850 |
| INDUSTOWER | 406.7 | 410 |
| INFY | 1616.7 | 1620 |
| INOXWIND | 178.88 | 175 |
| IOC | 150.94 | 150 |
| IRB | 48.44 | 50 |
| IRCTC | 785.25 | 790 |
| IREDA | 170.1 | 170 |
| IRFC | 137.34 | 140 |
| ITC | 417.35 | 420 |
| JINDALSTEL | 948.7 | 950 |
| JIOFIN | 332.6 | 322.5 |
| JSL | 684.5 | 690 |
| JSWENERGY | 524.25 | 510 |
| JSWSTEEL | 1039.1 | 1030 |
| JUBLFOOD | 684.55 | 690 |
| KALYANKJIL | 580.05 | 570 |
| KAYNES | 6207.5 | 6000 |
| KEI | 3695.4 | 3800 |
| KFINTECH | 1297.5 | 1300 |
| KOTAKBANK | 2230.5 | 2200 |
| KPITTECH | 1248 | 1260 |
| LAURUSLABS | 791.6 | 760 |
| LICHSGFIN | 607.5 | 610 |
| LICI | 926.15 | 940 |
| LODHA | 1403.2 | 1400 |
| LT | 3581.5 | 3600 |
| LTF | 206.89 | 202.5 |
| LTIM | 5302 | 5350 |
| LUPIN | 1900.9 | 1940 |
| M&M | 3147.3 | 3200 |
| M&MFIN | 266.6 | 270 |
| MANAPPURAM | 265.2 | 270 |
| MANKIND | 2504.3 | 2450 |
| MARICO | 729.95 | 730 |
| MARUTI | 12652 | 12600 |
| MAXHEALTH | 1246 | 1260 |
| MAZDOCK | 3278 | 3300 |
| MCX | 8347.5 | 8500 |
| MFSL | 1576.4 | 1600 |
| MGL | 1473 | 1500 |
| MOTHERSON | 153.58 | 155 |
| MPHASIS | 2849.6 | 2803 |
| MUTHOOTFIN | 2638.1 | 2600 |
| NATIONALUM | 187.82 | 190 |
| NAUKRI | 1432.4 | 1460 |
| NBCC | 114.59 | 120 |
| NCC | 223.7 | 225 |
| NESTLEIND | 2423 | 2420 |
| NHPC | 88.09 | 86 |
| NMDC | 68.53 | 70 |
| NTPC | 343.3 | 340 |
| NYKAA | 216.7 | 205 |
| OBEROIRLTY | 1840.7 | 1880 |
| OFSS | 8795.5 | 9000 |
| OIL | 440.1 | 450 |
| ONGC | 243.84 | 242.5 |
| PAGEIND | 48405 | 48000 |
| PATANJALI | 1668.9 | 1660 |
| PAYTM | 932.5 | 920 |
| PEL | 1156.8 | 1160 |
| PERSISTENT | 5667 | 5800 |
| PETRONET | 304.7 | 310 |
| PFC | 427.15 | 420 |
| PGEL | 778.9 | 760 |
| PHOENIXLTD | 1500.5 | 1540 |
| PIDILITIND | 3061.6 | 3040 |
| PIIND | 4065.9 | 4100 |
| PNB | 109.95 | 110 |
| PNBHOUSING | 1092.7 | 1100 |
| POLICYBZR | 1841.9 | 1840 |
| POLYCAB | 6720.5 | 6600 |
| POONAWALLA | 470 | 460 |
| POWERGRID | 299.7 | 300 |
| PPLPHARMA | 200.01 | 200 |
| PRESTIGE | 1694 | 1660 |
| RBLBANK | 253.5 | 245 |
| RECLTD | 396.8 | 400 |
| RELIANCE | 1513.1 | 1510 |
| RVNL | 386.4 | 400 |
| SAIL | 134.49 | 135 |
| SBICARD | 931.6 | 940 |
| SBILIFE | 1813.6 | 1820 |
| SBIN | 814.05 | 810 |
| SHREECEM | 31240 | 31000 |
| SHRIRAMFIN | 674.3 | 680 |
| SIEMENS | 3182.4 | 3250 |
| SJVN | 98.09 | 100 |
| SOLARINDS | 16226 | 16750 |
| SONACOMS | 454 | 460 |
| SRF | 3255.9 | 3200 |
| SUNPHARMA | 1657.1 | 1680 |
| SUPREMEIND | 4175.4 | 4300 |
| SYNGENE | 632.9 | 640 |
| TATACHEM | 925.95 | 940 |
| TATACOMM | 1752 | 1760 |
| TATACONSUM | 1097.7 | 1100 |
| TATAELXSI | 6131 | 6100 |
| TATAMOTORS | 691.9 | 690 |
| TATAPOWER | 400.95 | 405 |
| TATASTEEL | 160.38 | 160 |
| TATATECH | 709.55 | 720 |
| TCS | 3381.9 | 3400 |
| TECHM | 1595.8 | 1630 |
| TIINDIA | 2893.7 | 3000 |
| TITAGARH | 949.1 | 940 |
| TITAN | 3428.7 | 3500 |
| TORNTPHARM | 3340.8 | 3350 |
| TORNTPOWER | 1436.5 | 1460 |
| TRENT | 5419 | 5600 |
| TVSMOTOR | 2830 | 2880 |
| ULTRACEMCO | 12602 | 12300 |
| UNIONBANK | 144.12 | 145 |
| UNITDSPR | 1374.4 | 1400 |
| UNOMINDA | 1103 | 1100 |
| UPL | 663.35 | 650 |
| VBL | 460.6 | 460 |
| VEDL | 437.15 | 450 |
| VOLTAS | 1372.2 | 1340 |
| WIPRO | 264.05 | 265 |
| YESBANK | 19.82 | 20 |
| ZYDUSLIFE | 970.15 | 990 |
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.
