IOC
Indian Oil Corp Ltd
Max pain for IOC
12 Nov 2024 04:12 PM IST
Max Pain for IOC is 145
Strike 115 has a total call value of 0 versus a total put value of 153,369,937,500 Combined total value = 153,369,937,500
Strike 117.5 has a total call value of 0 versus a total put value of 139,957,593,750 Combined total value = 139,957,593,750
Strike 120 has a total call value of 0 versus a total put value of 126,586,687,500 Combined total value = 126,586,687,500
Strike 122.5 has a total call value of 43,875,000 versus a total put value of 113,850,750,000 Combined total value = 113,894,625,000
Strike 125 has a total call value of 87,750,000 versus a total put value of 101,404,875,000 Combined total value = 101,492,625,000
Strike 127.5 has a total call value of 149,906,250 versus a total put value of 89,598,843,750 Combined total value = 89,748,750,000
Strike 130 has a total call value of 240,093,750 versus a total put value of 78,053,625,000 Combined total value = 78,293,718,750
Strike 132.5 has a total call value of 422,906,250 versus a total put value of 67,782,000,000 Combined total value = 68,204,906,250
Strike 135 has a total call value of 664,218,750 versus a total put value of 57,933,281,250 Combined total value = 58,597,500,000
Strike 137.5 has a total call value of 1,099,312,500 versus a total put value of 49,036,406,250 Combined total value = 50,135,718,750
Strike 140 has a total call value of 1,913,437,500 versus a total put value of 41,173,031,250 Combined total value = 43,086,468,750
Strike 142.5 has a total call value of 4,581,281,250 versus a total put value of 34,951,312,500 Combined total value = 39,532,593,750
Strike 145 has a total call value of 8,414,250,000 versus a total put value of 29,284,125,000 Combined total value = 37,698,375,000
Strike 147.5 has a total call value of 14,877,281,250 versus a total put value of 24,721,125,000 Combined total value = 39,598,406,250
Strike 150 has a total call value of 22,306,781,250 versus a total put value of 20,443,312,500 Combined total value = 42,750,093,750
Strike 152.5 has a total call value of 33,658,218,750 versus a total put value of 17,220,937,500 Combined total value = 50,879,156,250
Strike 155 has a total call value of 45,904,218,750 versus a total put value of 14,142,375,000 Combined total value = 60,046,593,750
Strike 157.5 has a total call value of 60,072,187,500 versus a total put value of 11,604,937,500 Combined total value = 71,677,125,000
Strike 160 has a total call value of 74,614,312,500 versus a total put value of 9,067,500,000 Combined total value = 83,681,812,500
Strike 162.5 has a total call value of 91,669,500,000 versus a total put value of 7,255,218,750 Combined total value = 98,924,718,750
Strike 165 has a total call value of 108,983,062,500 versus a total put value of 5,525,812,500 Combined total value = 114,508,875,000
Strike 167.5 has a total call value of 127,798,125,000 versus a total put value of 4,169,343,750 Combined total value = 131,967,468,750
Strike 170 has a total call value of 146,817,937,500 versus a total put value of 2,837,250,000 Combined total value = 149,655,187,500
Strike 172.5 has a total call value of 167,366,062,500 versus a total put value of 2,018,250,000 Combined total value = 169,384,312,500
Strike 175 has a total call value of 188,059,218,750 versus a total put value of 1,252,875,000 Combined total value = 189,312,093,750
Strike 177.5 has a total call value of 209,414,156,250 versus a total put value of 626,437,500 Combined total value = 210,040,593,750
Strike 180 has a total call value of 230,784,937,500 versus a total put value of 0 Combined total value = 230,784,937,500
Strike 182.5 has a total call value of 253,032,000,000 versus a total put value of 0 Combined total value = 253,032,000,000
Strike 185 has a total call value of 275,279,062,500 versus a total put value of 0 Combined total value = 275,279,062,500
Strike 187.5 has a total call value of 297,922,218,750 versus a total put value of 0 Combined total value = 297,922,218,750
Strike 190 has a total call value of 320,565,375,000 versus a total put value of 0 Combined total value = 320,565,375,000
Strike 192.5 has a total call value of 343,466,906,250 versus a total put value of 0 Combined total value = 343,466,906,250
Strike 195 has a total call value of 366,368,437,500 versus a total put value of 0 Combined total value = 366,368,437,500
Strike 197.5 has a total call value of 389,269,968,750 versus a total put value of 0 Combined total value = 389,269,968,750
Strike 200 has a total call value of 412,171,500,000 versus a total put value of 0 Combined total value = 412,171,500,000
Strike 202.5 has a total call value of 435,870,093,750 versus a total put value of 0 Combined total value = 435,870,093,750
Strike 205 has a total call value of 459,568,687,500 versus a total put value of 0 Combined total value = 459,568,687,500
Strike 207.5 has a total call value of 483,301,406,250 versus a total put value of 0 Combined total value = 483,301,406,250
Strike 210 has a total call value of 507,034,125,000 versus a total put value of 0 Combined total value = 507,034,125,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
