IGL
Indraprastha Gas Ltd
Max pain for IGL
10 Jul 2025 01:20 PM ISTNext Refresh in
Max Pain for IGL is 215
Strike 185 has a total call value of 0 versus a total put value of 16,893,937,500 Combined total value = 16,893,937,500
Strike 187.5 has a total call value of 0 versus a total put value of 15,268,687,500 Combined total value = 15,268,687,500
Strike 190 has a total call value of 0 versus a total put value of 13,643,437,500 Combined total value = 13,643,437,500
Strike 192.5 has a total call value of 0 versus a total put value of 12,100,687,500 Combined total value = 12,100,687,500
Strike 195 has a total call value of 0 versus a total put value of 10,577,187,500 Combined total value = 10,577,187,500
Strike 197.5 has a total call value of 0 versus a total put value of 9,123,125,000 Combined total value = 9,123,125,000
Strike 200 has a total call value of 0 versus a total put value of 7,697,250,000 Combined total value = 7,697,250,000
Strike 202.5 has a total call value of 186,312,500 versus a total put value of 6,495,500,000 Combined total value = 6,681,812,500
Strike 205 has a total call value of 387,062,500 versus a total put value of 5,332,250,000 Combined total value = 5,719,312,500
Strike 207.5 has a total call value of 631,125,000 versus a total put value of 4,327,125,000 Combined total value = 4,958,250,000
Strike 210 has a total call value of 909,562,500 versus a total put value of 3,370,125,000 Combined total value = 4,279,687,500
Strike 212.5 has a total call value of 1,375,687,500 versus a total put value of 2,636,562,500 Combined total value = 4,012,250,000
Strike 215 has a total call value of 1,869,312,500 versus a total put value of 1,964,187,500 Combined total value = 3,833,500,000
Strike 217.5 has a total call value of 2,449,562,500 versus a total put value of 1,421,062,500 Combined total value = 3,870,625,000
Strike 220 has a total call value of 3,053,187,500 versus a total put value of 929,500,000 Combined total value = 3,982,687,500
Strike 222.5 has a total call value of 4,041,125,000 versus a total put value of 646,250,000 Combined total value = 4,687,375,000
Strike 225 has a total call value of 5,079,250,000 versus a total put value of 398,750,000 Combined total value = 5,478,000,000
Strike 227.5 has a total call value of 6,549,812,500 versus a total put value of 253,687,500 Combined total value = 6,803,500,000
Strike 230 has a total call value of 8,213,562,500 versus a total put value of 143,687,500 Combined total value = 8,357,250,000
Strike 232.5 has a total call value of 10,362,000,000 versus a total put value of 93,500,000 Combined total value = 10,455,500,000
Strike 235 has a total call value of 12,547,562,500 versus a total put value of 56,375,000 Combined total value = 12,603,937,500
Strike 237.5 has a total call value of 14,924,250,000 versus a total put value of 27,500,000 Combined total value = 14,951,750,000
Strike 240 has a total call value of 17,331,187,500 versus a total put value of 11,000,000 Combined total value = 17,342,187,500
Strike 242.5 has a total call value of 20,208,375,000 versus a total put value of 5,500,000 Combined total value = 20,213,875,000
Strike 245 has a total call value of 23,085,562,500 versus a total put value of 0 Combined total value = 23,085,562,500
Strike 247.5 has a total call value of 26,081,687,500 versus a total put value of 0 Combined total value = 26,081,687,500
Strike 250 has a total call value of 29,117,000,000 versus a total put value of 0 Combined total value = 29,117,000,000
Strike 252.5 has a total call value of 32,467,875,000 versus a total put value of 0 Combined total value = 32,467,875,000
Strike 255 has a total call value of 35,818,750,000 versus a total put value of 0 Combined total value = 35,818,750,000
Strike 257.5 has a total call value of 39,169,625,000 versus a total put value of 0 Combined total value = 39,169,625,000
Strike 260 has a total call value of 42,520,500,000 versus a total put value of 0 Combined total value = 42,520,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1190.3 | 1200 |
| AARTIIND | 451 | 465 |
| ABB | 5861.5 | 6000 |
| ABCAPITAL | 271.7 | 270 |
| ABFRL | 77.75 | 76 |
| ACC | 1995.1 | 1920 |
| ADANIENSOL | 890.6 | 880 |
| ADANIENT | 2582.8 | 2620 |
| ADANIGREEN | 997.5 | 1000 |
| ADANIPORTS | 1439.5 | 1420 |
| ALKEM | 4722 | 4850 |
| AMBER | 7792 | 7200 |
| AMBUJACEM | 583.1 | 600 |
| ANGELONE | 2733 | 2800 |
| APLAPOLLO | 1718 | 1740 |
| APOLLOHOSP | 7407 | 7450 |
| ASHOKLEY | 249.9 | 250 |
| ASIANPAINT | 2480 | 2420 |
| ASTRAL | 1493.3 | 1500 |
| ATGL | 651 | 660 |
| AUBANK | 825.2 | 815 |
| AUROPHARMA | 1130.2 | 1140 |
| AXISBANK | 1170.1 | 1180 |
| BAJAJ-AUTO | 8325 | 8400 |
| BAJAJFINSV | 2035.5 | 2020 |
| BAJFINANCE | 947.65 | 940 |
| BALKRISIND | 2629.5 | 2560 |
| BANDHANBNK | 177.37 | 180 |
| BANKBARODA | 239.01 | 240 |
| BANKINDIA | 113.97 | 115.95 |
| BDL | 1891.2 | 1900 |
| BEL | 412.8 | 420 |
| BHARATFORG | 1238 | 1280 |
| BHARTIARTL | 1973.5 | 1980 |
| BHEL | 261.25 | 260 |
| BIOCON | 372.2 | 365 |
| BLUESTARCO | 1800 | 1780 |
| BOSCHLTD | 35935 | 35000 |
| BPCL | 352.7 | 340 |
| BRITANNIA | 5879 | 5800 |
| BSE | 2483.3 | 2600 |
| BSOFT | 425.6 | 430 |
| CAMS | 4186.7 | 4250 |
| CANBK | 112.08 | 113 |
| CDSL | 1756.2 | 1760 |
| CESC | 179.01 | 175 |
| CGPOWER | 674 | 670 |
| CHAMBLFERT | 551.3 | 560 |
| CHOLAFIN | 1546.4 | 1560 |
| CIPLA | 1475.6 | 1500 |
| COALINDIA | 383.85 | 395 |
| COFORGE | 1887.4 | 1880 |
| COLPAL | 2418 | 2440 |
| CONCOR | 624.5 | 608 |
| CROMPTON | 344 | 350 |
| CUMMINSIND | 3517.2 | 3400 |
| CYIENT | 1282.1 | 1300 |
| DABUR | 521.3 | 505 |
| DALBHARAT | 2170 | 2160 |
| DELHIVERY | 415.6 | 400 |
| DIVISLAB | 6879.5 | 6800 |
| DIXON | 15736 | 15000 |
| DLF | 827.6 | 840 |
| DMART | 4184.9 | 4250 |
| DRREDDY | 1267.6 | 1280 |
| EICHERMOT | 5660.5 | 5700 |
| ETERNAL | 263.6 | 260 |
| EXIDEIND | 387 | 390 |
| FEDERALBNK | 210.94 | 212.5 |
| FORTIS | 775.75 | 780 |
| GAIL | 185.2 | 190 |
| GLENMARK | 1882.1 | 1800 |
| GMRAIRPORT | 91.92 | 90 |
| GODREJCP | 1288.3 | 1260 |
| GODREJPROP | 2243.1 | 2300 |
| GRANULES | 473.85 | 490 |
| GRASIM | 2800 | 2800 |
| HAL | 4897.7 | 5000 |
| HAVELLS | 1525.2 | 1540 |
| HCLTECH | 1662.8 | 1700 |
| HDFCAMC | 5218.5 | 5100 |
| HDFCBANK | 2013.4 | 2000 |
| HDFCLIFE | 774.15 | 790 |
| HEROMOTOCO | 4329.4 | 4300 |
| HFCL | 81.9 | 85 |
| HINDALCO | 674 | 680 |
| HINDCOPPER | 264.35 | 265 |
| HINDPETRO | 442.35 | 435 |
| HINDUNILVR | 2408.7 | 2360 |
| HINDZINC | 421.65 | 450 |
| HUDCO | 230.65 | 235 |
| ICICIBANK | 1426.1 | 1440 |
| ICICIGI | 1996.9 | 2000 |
| ICICIPRULI | 674 | 660 |
| IDEA | 7.32 | 7 |
| IDFCFIRSTB | 76.88 | 75 |
| IEX | 206.61 | 200 |
| IGL | 220.19 | 215 |
| IIFL | 519 | 490 |
| INDHOTEL | 743.7 | 760 |
| INDIANB | 629.8 | 633.75 |
| INDIGO | 5846 | 5800 |
| INDUSINDBK | 851.1 | 850 |
| INDUSTOWER | 403.3 | 410 |
| INFY | 1613.5 | 1620 |
| INOXWIND | 178.37 | 175 |
| IOC | 151.46 | 150 |
| IRB | 48.32 | 50 |
| IRCTC | 784.95 | 790 |
| IREDA | 169.72 | 170 |
| IRFC | 137.26 | 140 |
| ITC | 418 | 420 |
| JINDALSTEL | 943.55 | 950 |
| JIOFIN | 332.45 | 322.5 |
| JSL | 681.5 | 690 |
| JSWENERGY | 522.4 | 510 |
| JSWSTEEL | 1039 | 1030 |
| JUBLFOOD | 684.9 | 690 |
| KALYANKJIL | 580.05 | 570 |
| KAYNES | 6195 | 6000 |
| KEI | 3701.9 | 3800 |
| KFINTECH | 1294 | 1300 |
| KOTAKBANK | 2224.9 | 2200 |
| KPITTECH | 1248.7 | 1260 |
| LAURUSLABS | 790.25 | 760 |
| LICHSGFIN | 606.4 | 610 |
| LICI | 928.75 | 940 |
| LODHA | 1401.7 | 1400 |
| LT | 3579.2 | 3600 |
| LTF | 206.55 | 202.5 |
| LTIM | 5298 | 5350 |
| LUPIN | 1903.1 | 1940 |
| M&M | 3154.4 | 3200 |
| M&MFIN | 266.5 | 270 |
| MANAPPURAM | 265.55 | 270 |
| MANKIND | 2501.4 | 2450 |
| MARICO | 727.25 | 730 |
| MARUTI | 12605 | 12600 |
| MAXHEALTH | 1245.1 | 1260 |
| MAZDOCK | 3257.6 | 3300 |
| MCX | 8351.5 | 8500 |
| MFSL | 1576.7 | 1580 |
| MGL | 1472.5 | 1500 |
| MOTHERSON | 153.5 | 155 |
| MPHASIS | 2854.3 | 2803 |
| MUTHOOTFIN | 2631.8 | 2600 |
| NATIONALUM | 187.35 | 190 |
| NAUKRI | 1430.1 | 1460 |
| NBCC | 113.93 | 120 |
| NCC | 222.89 | 225 |
| NESTLEIND | 2415.5 | 2420 |
| NHPC | 87.65 | 86 |
| NMDC | 68.43 | 70 |
| NTPC | 342.45 | 340 |
| NYKAA | 216.49 | 205 |
| OBEROIRLTY | 1838.4 | 1880 |
| OFSS | 8766.5 | 9000 |
| OIL | 437.3 | 450 |
| ONGC | 243.1 | 242.5 |
| PAGEIND | 48395 | 48000 |
| PATANJALI | 1666.2 | 1660 |
| PAYTM | 930.65 | 920 |
| PEL | 1159.1 | 1160 |
| PERSISTENT | 5658.5 | 5800 |
| PETRONET | 305 | 310 |
| PFC | 431.4 | 420 |
| PGEL | 775.4 | 760 |
| PHOENIXLTD | 1500.9 | 1540 |
| PIDILITIND | 3060.7 | 3040 |
| PIIND | 4043.9 | 4100 |
| PNB | 109.56 | 110 |
| PNBHOUSING | 1077.7 | 1100 |
| POLICYBZR | 1824.1 | 1840 |
| POLYCAB | 6717 | 6600 |
| POONAWALLA | 468.5 | 460 |
| POWERGRID | 298.85 | 300 |
| PPLPHARMA | 200.12 | 200 |
| PRESTIGE | 1694 | 1660 |
| RBLBANK | 254 | 245 |
| RECLTD | 398.15 | 400 |
| RELIANCE | 1516.8 | 1510 |
| RVNL | 384.85 | 400 |
| SAIL | 134.33 | 135 |
| SBICARD | 930.85 | 940 |
| SBILIFE | 1814.7 | 1820 |
| SBIN | 808.85 | 810 |
| SHREECEM | 31125 | 31000 |
| SHRIRAMFIN | 673.65 | 680 |
| SIEMENS | 3170 | 3250 |
| SJVN | 97.72 | 100 |
| SOLARINDS | 16038 | 16750 |
| SONACOMS | 452.5 | 460 |
| SRF | 3247.7 | 3200 |
| SUNPHARMA | 1660.9 | 1680 |
| SUPREMEIND | 4172.3 | 4300 |
| SYNGENE | 635 | 650 |
| TATACHEM | 923 | 940 |
| TATACOMM | 1751.2 | 1760 |
| TATACONSUM | 1095.9 | 1100 |
| TATAELXSI | 6116.5 | 6050 |
| TATAMOTORS | 692.3 | 690 |
| TATAPOWER | 399 | 405 |
| TATASTEEL | 160.49 | 160 |
| TATATECH | 708.55 | 720 |
| TCS | 3375.5 | 3400 |
| TECHM | 1593.2 | 1630 |
| TIINDIA | 2887.4 | 3000 |
| TITAGARH | 948.85 | 940 |
| TITAN | 3426.5 | 3500 |
| TORNTPHARM | 3338.4 | 3350 |
| TORNTPOWER | 1430.7 | 1460 |
| TRENT | 5417.5 | 5600 |
| TVSMOTOR | 2828 | 2880 |
| ULTRACEMCO | 12600 | 12300 |
| UNIONBANK | 143.7 | 145 |
| UNITDSPR | 1375 | 1400 |
| UNOMINDA | 1098.7 | 1100 |
| UPL | 662.2 | 650 |
| VBL | 461.3 | 460 |
| VEDL | 436.5 | 450 |
| VOLTAS | 1370.8 | 1340 |
| WIPRO | 263.7 | 265 |
| YESBANK | 19.78 | 20 |
| ZYDUSLIFE | 971 | 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.
