IOC
Indian Oil Corp Ltd
Max pain for IOC
21 Nov 2024 02:12 PM IST
Max Pain for IOC is 140
Strike 110 has a total call value of 0 versus a total put value of 145,060,500,000 Combined total value = 145,060,500,000
Strike 112.5 has a total call value of 1,218,750 versus a total put value of 133,562,812,500 Combined total value = 133,564,031,250
Strike 115 has a total call value of 2,437,500 versus a total put value of 122,065,125,000 Combined total value = 122,067,562,500
Strike 117.5 has a total call value of 3,656,250 versus a total put value of 110,772,187,500 Combined total value = 110,775,843,750
Strike 120 has a total call value of 4,875,000 versus a total put value of 99,567,000,000 Combined total value = 99,571,875,000
Strike 122.5 has a total call value of 64,593,750 versus a total put value of 89,068,687,500 Combined total value = 89,133,281,250
Strike 125 has a total call value of 137,718,750 versus a total put value of 79,122,468,750 Combined total value = 79,260,187,500
Strike 127.5 has a total call value of 263,250,000 versus a total put value of 69,750,281,250 Combined total value = 70,013,531,250
Strike 130 has a total call value of 491,156,250 versus a total put value of 60,952,125,000 Combined total value = 61,443,281,250
Strike 132.5 has a total call value of 1,294,312,500 versus a total put value of 53,403,187,500 Combined total value = 54,697,500,000
Strike 135 has a total call value of 2,723,906,250 versus a total put value of 46,572,093,750 Combined total value = 49,296,000,000
Strike 137.5 has a total call value of 5,282,062,500 versus a total put value of 40,560,000,000 Combined total value = 45,842,062,500
Strike 140 has a total call value of 9,138,187,500 versus a total put value of 34,997,625,000 Combined total value = 44,135,812,500
Strike 142.5 has a total call value of 15,251,437,500 versus a total put value of 30,221,343,750 Combined total value = 45,472,781,250
Strike 145 has a total call value of 22,195,875,000 versus a total put value of 25,799,718,750 Combined total value = 47,995,593,750
Strike 147.5 has a total call value of 31,376,718,750 versus a total put value of 22,038,656,250 Combined total value = 53,415,375,000
Strike 150 has a total call value of 41,279,062,500 versus a total put value of 18,482,343,750 Combined total value = 59,761,406,250
Strike 152.5 has a total call value of 54,191,718,750 versus a total put value of 15,799,875,000 Combined total value = 69,991,593,750
Strike 155 has a total call value of 67,655,250,000 versus a total put value of 13,117,406,250 Combined total value = 80,772,656,250
Strike 157.5 has a total call value of 82,349,718,750 versus a total put value of 10,902,937,500 Combined total value = 93,252,656,250
Strike 160 has a total call value of 97,292,812,500 versus a total put value of 8,688,468,750 Combined total value = 105,981,281,250
Strike 162.5 has a total call value of 114,235,875,000 versus a total put value of 7,096,781,250 Combined total value = 121,332,656,250
Strike 165 has a total call value of 131,381,250,000 versus a total put value of 5,505,093,750 Combined total value = 136,886,343,750
Strike 167.5 has a total call value of 149,766,093,750 versus a total put value of 4,235,156,250 Combined total value = 154,001,250,000
Strike 170 has a total call value of 168,315,468,750 versus a total put value of 2,965,218,750 Combined total value = 171,280,687,500
Strike 172.5 has a total call value of 188,204,250,000 versus a total put value of 2,160,843,750 Combined total value = 190,365,093,750
Strike 175 has a total call value of 208,188,093,750 versus a total put value of 1,380,843,750 Combined total value = 209,568,937,500
Strike 177.5 has a total call value of 228,739,875,000 versus a total put value of 731,250,000 Combined total value = 229,471,125,000
Strike 180 has a total call value of 249,291,656,250 versus a total put value of 81,656,250 Combined total value = 249,373,312,500
Strike 182.5 has a total call value of 270,479,625,000 versus a total put value of 36,562,500 Combined total value = 270,516,187,500
Strike 185 has a total call value of 291,667,593,750 versus a total put value of 0 Combined total value = 291,667,593,750
Strike 187.5 has a total call value of 313,218,750,000 versus a total put value of 0 Combined total value = 313,218,750,000
Strike 190 has a total call value of 334,769,906,250 versus a total put value of 0 Combined total value = 334,769,906,250
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.95 | 470 |
| ABB | 6766.95 | 7000 |
| ABBOTINDIA | 26956.55 | 28000 |
| ABCAPITAL | 184 | 200 |
| ABFRL | 285.9 | 300 |
| ACC | 2034.5 | 2240 |
| ADANIENT | 2290.25 | 2640 |
| ADANIPORTS | 1134.1 | 1200 |
| ALKEM | 5566.45 | 5500 |
| AMBUJACEM | 497 | 540 |
| APOLLOHOSP | 6722.2 | 6900 |
| APOLLOTYRE | 484 | 480 |
| ASHOKLEY | 217.52 | 220 |
| ASIANPAINT | 2429 | 2540 |
| ASTRAL | 1713.1 | 1780 |
| ATUL | 7246.65 | 7500 |
| AUBANK | 593.4 | 590 |
| AUROPHARMA | 1218.2 | 1300 |
| AXISBANK | 1141.65 | 1150 |
| BAJAJ-AUTO | 9490.65 | 9700 |
| BAJAJFINSV | 1574.35 | 1620 |
| BAJFINANCE | 6493.35 | 6700 |
| BALKRISIND | 2741.55 | 2800 |
| BANDHANBNK | 166.64 | 177.5 |
| BANKBARODA | 229.8 | 240 |
| BATAINDIA | 1280.95 | 1310 |
| BEL | 274.9 | 285 |
| BERGEPAINT | 466.55 | 495 |
| BHARATFORG | 1295.6 | 1340 |
| BHARTIARTL | 1521.9 | 1540 |
| BHEL | 228 | 235 |
| BIOCON | 324.4 | 330 |
| BOSCHLTD | 34078.05 | 34000 |
| BPCL | 282.15 | 300 |
| BRITANNIA | 4772.95 | 5000 |
| BSOFT | 544.8 | 560 |
| CANBK | 94.92 | 100 |
| CANFINHOME | 823.6 | 830 |
| CHAMBLFERT | 459.8 | 480 |
| CHOLAFIN | 1210.3 | 1240 |
| CIPLA | 1456.75 | 1520 |
| COALINDIA | 405.35 | 425 |
| COFORGE | 8208.75 | 8000 |
| COLPAL | 2687.1 | 2800 |
| CONCOR | 768.5 | 810 |
| COROMANDEL | 1776 | 1720 |
| CROMPTON | 381.8 | 390 |
| CUB | 170.55 | 175 |
| CUMMINSIND | 3291.65 | 3400 |
| DABUR | 505.35 | 525 |
| DALBHARAT | 1776.2 | 1760 |
| DEEPAKNTR | 2622.7 | 2650 |
| DIVISLAB | 5950.55 | 5900 |
| DIXON | 15032.6 | 14750 |
| DLF | 776.7 | 780 |
| DRREDDY | 1193.35 | 1220 |
| EICHERMOT | 4911.4 | 4900 |
| ESCORTS | 3460.5 | 3600 |
| EXIDEIND | 415.75 | 440 |
| FEDERALBNK | 210.89 | 205 |
| GAIL | 188.72 | 197.5 |
| GLENMARK | 1463.85 | 1520 |
| GMRINFRA | 76.94 | 82 |
| GNFC | 557.1 | 570 |
| GODREJCP | 1180.2 | 1200 |
| GODREJPROP | 2715.1 | 2750 |
| GRANULES | 544.85 | 580 |
| GRASIM | 2541.75 | 2540 |
| GUJGASLTD | 453.75 | 480 |
| HAL | 3993.9 | 4200 |
| HAVELLS | 1631.25 | 1640 |
| HCLTECH | 1831.15 | 1820 |
| HDFCAMC | 4209.8 | 4300 |
| HDFCBANK | 1743.05 | 1740 |
| HDFCLIFE | 673.65 | 680 |
| HEROMOTOCO | 4752.85 | 4800 |
| HINDALCO | 646.05 | 650 |
| HINDCOPPER | 263.6 | 290 |
| HINDPETRO | 360.2 | 375 |
| HINDUNILVR | 2379.25 | 2480 |
| ICICIBANK | 1252.15 | 1260 |
| ICICIGI | 1819.45 | 1880 |
| ICICIPRULI | 680.05 | 690 |
| IDEA | 6.97 | 8 |
| IDFCFIRSTB | 63.17 | 66 |
| IEX | 161.6 | 170 |
| IGL | 311.1 | 330 |
| INDHOTEL | 790.9 | 760 |
| INDIAMART | 2249.95 | 2400 |
| INDIGO | 4060.3 | 4000 |
| INDUSINDBK | 975 | 1040 |
| INDUSTOWER | 330.6 | 340 |
| INFY | 1827.2 | 1800 |
| IOC | 131.1 | 140 |
| IPCALAB | 1566.95 | 1560 |
| IRCTC | 797 | 820 |
| ITC | 455.95 | 475 |
| JINDALSTEL | 875.05 | 900 |
| JKCEMENT | 4006.15 | 4000 |
| JSWSTEEL | 942.75 | 960 |
| JUBLFOOD | 611.2 | 620 |
| KOTAKBANK | 1735.5 | 1760 |
| LALPATHLAB | 3019.95 | 3100 |
| LAURUSLABS | 487.95 | 490 |
| LICHSGFIN | 611.95 | 630 |
| LT | 3493 | 3600 |
| LTF | 137.98 | 140 |
| LTIM | 5917.05 | 5900 |
| LTTS | 5166 | 5150 |
| LUPIN | 2037.85 | 2100 |
| M&M | 2944.85 | 2900 |
| M&MFIN | 257.2 | 265 |
| MANAPPURAM | 150.9 | 155 |
| MARICO | 590.2 | 600 |
| MARUTI | 10912 | 11000 |
| MCX | 6187.05 | 6200 |
| METROPOLIS | 2010 | 2060 |
| MFSL | 1175.45 | 1200 |
| MGL | 1115.45 | 1160 |
| MOTHERSON | 161.7 | 175 |
| MPHASIS | 2774.6 | 2850 |
| MRF | 123095.85 | 122500 |
| MUTHOOTFIN | 1909 | 1880 |
| NATIONALUM | 249.25 | 240 |
| NAUKRI | 7521.65 | 7700 |
| NAVINFLUOR | 3266 | 3400 |
| NESTLEIND | 2205 | 2280 |
| NMDC | 218.56 | 225 |
| NTPC | 356.25 | 370 |
| OBEROIRLTY | 1933.05 | 1960 |
| OFSS | 11139.95 | 11500 |
| ONGC | 242 | 250 |
| PAGEIND | 44568.45 | 45500 |
| PEL | 1053.3 | 1060 |
| PERSISTENT | 5733.7 | 5600 |
| PETRONET | 320.85 | 328 |
| PFC | 452.5 | 460 |
| PIDILITIND | 2942.7 | 3060 |
| PIIND | 4131.85 | 4200 |
| PNB | 96.97 | 102 |
| POLYCAB | 6427.1 | 6500 |
| POWERGRID | 322 | 320 |
| PVRINOX | 1444.9 | 1500 |
| RAMCOCEM | 918.1 | 900 |
| RBLBANK | 158.5 | 160 |
| RECLTD | 489.9 | 510 |
| RELIANCE | 1219.95 | 1290 |
| SAIL | 111.16 | 115 |
| SBICARD | 674.05 | 690 |
| SBILIFE | 1483.75 | 1520 |
| SBIN | 781.85 | 800 |
| SHREECEM | 24279 | 24500 |
| SHRIRAMFIN | 2802.1 | 2900 |
| SIEMENS | 6684.9 | 6800 |
| SRF | 2154.8 | 2260 |
| SUNPHARMA | 1764.95 | 1800 |
| SUNTV | 727.8 | 730 |
| SYNGENE | 842.75 | 870 |
| TATACHEM | 1057.85 | 1100 |
| TATACOMM | 1712.15 | 1780 |
| TATACONSUM | 911.85 | 950 |
| TATAMOTORS | 778.25 | 800 |
| TATAPOWER | 410.05 | 420 |
| TATASTEEL | 140.52 | 145 |
| TCS | 4052.55 | 4100 |
| TECHM | 1697.6 | 1680 |
| TITAN | 3164.85 | 3200 |
| TORNTPHARM | 3092.2 | 3150 |
| TRENT | 6460 | 6600 |
| TVSMOTOR | 2399.45 | 2450 |
| UBL | 1819.45 | 1880 |
| ULTRACEMCO | 10924 | 11000 |
| UNITDSPR | 1490.8 | 1480 |
| UPL | 563.7 | 540 |
| VEDL | 442.7 | 460 |
| VOLTAS | 1673.75 | 1700 |
| WIPRO | 556.8 | 560 |
| ZYDUSLIFE | 940.1 | 960 |
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.
