IOC
Indian Oil Corp Ltd
Max pain for IOC
14 Nov 2024 09:22 AM IST
Max Pain for IOC is 140
Strike 115 has a total call value of 0 versus a total put value of 88,993,125,000 Combined total value = 88,993,125,000
Strike 117.5 has a total call value of 0 versus a total put value of 79,109,062,500 Combined total value = 79,109,062,500
Strike 120 has a total call value of 0 versus a total put value of 69,225,000,000 Combined total value = 69,225,000,000
Strike 122.5 has a total call value of 42,656,250 versus a total put value of 60,028,312,500 Combined total value = 60,070,968,750
Strike 125 has a total call value of 85,312,500 versus a total put value of 51,090,000,000 Combined total value = 51,175,312,500
Strike 127.5 has a total call value of 127,968,750 versus a total put value of 42,830,531,250 Combined total value = 42,958,500,000
Strike 130 has a total call value of 192,562,500 versus a total put value of 34,898,906,250 Combined total value = 35,091,468,750
Strike 132.5 has a total call value of 385,125,000 versus a total put value of 28,365,187,500 Combined total value = 28,750,312,500
Strike 135 has a total call value of 689,812,500 versus a total put value of 22,316,531,250 Combined total value = 23,006,343,750
Strike 137.5 has a total call value of 1,456,406,250 versus a total put value of 17,230,687,500 Combined total value = 18,687,093,750
Strike 140 has a total call value of 2,826,281,250 versus a total put value of 12,777,375,000 Combined total value = 15,603,656,250
Strike 142.5 has a total call value of 6,475,218,750 versus a total put value of 9,737,812,500 Combined total value = 16,213,031,250
Strike 145 has a total call value of 11,439,187,500 versus a total put value of 7,166,250,000 Combined total value = 18,605,437,500
Strike 147.5 has a total call value of 18,904,031,250 versus a total put value of 5,425,875,000 Combined total value = 24,329,906,250
Strike 150 has a total call value of 27,300,000,000 versus a total put value of 3,948,750,000 Combined total value = 31,248,750,000
Strike 152.5 has a total call value of 39,522,843,750 versus a total put value of 3,455,156,250 Combined total value = 42,978,000,000
Strike 155 has a total call value of 52,614,656,250 versus a total put value of 2,961,562,500 Combined total value = 55,576,218,750
Strike 157.5 has a total call value of 67,383,468,750 versus a total put value of 2,467,968,750 Combined total value = 69,851,437,500
Strike 160 has a total call value of 82,437,468,750 versus a total put value of 1,974,375,000 Combined total value = 84,411,843,750
Strike 162.5 has a total call value of 99,921,656,250 versus a total put value of 1,480,781,250 Combined total value = 101,402,437,500
Strike 165 has a total call value of 117,405,843,750 versus a total put value of 987,187,500 Combined total value = 118,393,031,250
Strike 167.5 has a total call value of 136,387,875,000 versus a total put value of 493,593,750 Combined total value = 136,881,468,750
Strike 170 has a total call value of 155,369,906,250 versus a total put value of 0 Combined total value = 155,369,906,250
Strike 172.5 has a total call value of 175,858,312,500 versus a total put value of 0 Combined total value = 175,858,312,500
Strike 175 has a total call value of 196,346,718,750 versus a total put value of 0 Combined total value = 196,346,718,750
Strike 177.5 has a total call value of 217,501,781,250 versus a total put value of 0 Combined total value = 217,501,781,250
Strike 180 has a total call value of 238,656,843,750 versus a total put value of 0 Combined total value = 238,656,843,750
Strike 182.5 has a total call value of 260,649,187,500 versus a total put value of 0 Combined total value = 260,649,187,500
Strike 185 has a total call value of 282,641,531,250 versus a total put value of 0 Combined total value = 282,641,531,250
Strike 187.5 has a total call value of 304,633,875,000 versus a total put value of 0 Combined total value = 304,633,875,000
Strike 190 has a total call value of 326,626,218,750 versus a total put value of 0 Combined total value = 326,626,218,750
Strike 192.5 has a total call value of 348,618,562,500 versus a total put value of 0 Combined total value = 348,618,562,500
Strike 195 has a total call value of 370,610,906,250 versus a total put value of 0 Combined total value = 370,610,906,250
Strike 197.5 has a total call value of 392,603,250,000 versus a total put value of 0 Combined total value = 392,603,250,000
Strike 200 has a total call value of 414,595,593,750 versus a total put value of 0 Combined total value = 414,595,593,750
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 431.8 | 440 |
| ABB | 6707.15 | 7000 |
| ABBOTINDIA | 27823.9 | 28000 |
| ABCAPITAL | 188.03 | 190 |
| ABFRL | 292.8 | 270 |
| ACC | 2192.45 | 2100 |
| ADANIENT | 2830 | 2920 |
| ADANIPORTS | 1282.65 | 1340 |
| ALKEM | 5651.75 | 5500 |
| AMBUJACEM | 542.4 | 560 |
| APOLLOHOSP | 6869.65 | 7000 |
| APOLLOTYRE | 461.7 | 470 |
| ASHOKLEY | 215.6 | 220 |
| ASIANPAINT | 2495 | 2520 |
| ASTRAL | 1720.25 | 1760 |
| ATUL | 7259.75 | 7400 |
| AUBANK | 569.1 | 580 |
| AUROPHARMA | 1270.25 | 1300 |
| AXISBANK | 1133 | 1090 |
| BAJAJ-AUTO | 9485.05 | 9700 |
| BAJAJFINSV | 1662.65 | 1700 |
| BAJFINANCE | 6582.2 | 6800 |
| BALKRISIND | 2725 | 2750 |
| BANDHANBNK | 166.09 | 172.5 |
| BANKBARODA | 244.55 | 225 |
| BATAINDIA | 1322.9 | 1320 |
| BEL | 278.45 | 290 |
| BERGEPAINT | 488.95 | 490 |
| BHARATFORG | 1333.4 | 1380 |
| BHARTIARTL | 1547.35 | 1580 |
| BHEL | 222.11 | 235 |
| BIOCON | 336.75 | 335 |
| BOSCHLTD | 33526.5 | 34000 |
| BPCL | 299.75 | 310 |
| BRITANNIA | 5025.55 | 5100 |
| BSOFT | 553.5 | 560 |
| CANBK | 99.47 | 102 |
| CANFINHOME | 815.3 | 840 |
| CHAMBLFERT | 460.5 | 480 |
| CHOLAFIN | 1192.5 | 1260 |
| CIPLA | 1510 | 1540 |
| COALINDIA | 409.65 | 424.25 |
| COFORGE | 8124.55 | 8000 |
| COLPAL | 2769.15 | 2850 |
| CONCOR | 781.5 | 810 |
| COROMANDEL | 1673.05 | 1700 |
| CROMPTON | 383.05 | 400 |
| CUB | 172.31 | 175 |
| CUMMINSIND | 3298.5 | 3400 |
| DABUR | 511.45 | 530 |
| DALBHARAT | 1711.8 | 1800 |
| DEEPAKNTR | 2503.05 | 2600 |
| DIVISLAB | 5789.7 | 5900 |
| DIXON | 14804.85 | 14500 |
| DLF | 757.2 | 780 |
| DRREDDY | 1248.8 | 1260 |
| EICHERMOT | 4887.05 | 4500 |
| ESCORTS | 3497 | 3600 |
| EXIDEIND | 417.95 | 440 |
| FEDERALBNK | 199.89 | 202.5 |
| GAIL | 190.22 | 195 |
| GLENMARK | 1556.1 | 1600 |
| GMRINFRA | 76.2 | 80 |
| GNFC | 545.4 | 560 |
| GODREJCP | 1189.4 | 1400 |
| GODREJPROP | 2583.25 | 3500 |
| GRANULES | 538.45 | 490 |
| GRASIM | 2498.3 | 2500 |
| GUJGASLTD | 493.6 | 510 |
| HAL | 4017 | 4300 |
| HAVELLS | 1609 | 1640 |
| HCLTECH | 1887.7 | 1560 |
| HDFCAMC | 4312.55 | 4550 |
| HDFCBANK | 1690.1 | 1720 |
| HDFCLIFE | 687.95 | 700 |
| HEROMOTOCO | 4500.5 | 4700 |
| HINDALCO | 631.35 | 650 |
| HINDCOPPER | 263.3 | 290 |
| HINDPETRO | 365.85 | 380 |
| HINDUNILVR | 2453.8 | 3000 |
| ICICIBANK | 1252.5 | 1260 |
| ICICIGI | 1864 | 1900 |
| ICICIPRULI | 691.95 | 710 |
| IDEA | 7.38 | 9 |
| IDFCFIRSTB | 64.23 | 65 |
| IEX | 162.78 | 140 |
| IGL | 416.45 | 420 |
| INDHOTEL | 710.55 | 710 |
| INDIAMART | 2311.35 | 2300 |
| INDIGO | 3842.1 | 3950 |
| INDUSINDBK | 1041.7 | 1060 |
| INDUSTOWER | 318 | 430 |
| INFY | 1867.95 | 1820 |
| IOC | 134.36 | 140 |
| IPCALAB | 1516.4 | 1520 |
| IRCTC | 799.05 | 820 |
| ITC | 471.95 | 420 |
| JINDALSTEL | 865 | 900 |
| JKCEMENT | 3953.3 | 4100 |
| JSWSTEEL | 934.65 | 960 |
| JUBLFOOD | 619.85 | 620 |
| KOTAKBANK | 1692.85 | 1760 |
| LALPATHLAB | 2965 | 3100 |
| LAURUSLABS | 482 | 490 |
| LICHSGFIN | 612.4 | 530 |
| LT | 3539.1 | 3600 |
| LTF | 135.69 | 125 |
| LTIM | 5966 | 6000 |
| LTTS | 5183 | 5200 |
| LUPIN | 2044.7 | 2100 |
| M&M | 2775 | 2850 |
| M&MFIN | 258.5 | 270 |
| MANAPPURAM | 160.28 | 155 |
| MARICO | 597.95 | 610 |
| MARUTI | 10995.6 | 11100 |
| MCX | 6057.05 | 6200 |
| METROPOLIS | 2051.3 | 2100 |
| MFSL | 1209.4 | 1360 |
| MGL | 1332.15 | 1400 |
| MOTHERSON | 162.9 | 170 |
| MPHASIS | 2873.45 | 2900 |
| MRF | 120799.85 | 120000 |
| MUTHOOTFIN | 1769.25 | 1800 |
| NATIONALUM | 224.81 | 225 |
| NAUKRI | 7607.5 | 7200 |
| NAVINFLUOR | 3273.6 | 3350 |
| NESTLEIND | 2237.35 | 2260 |
| NMDC | 225.49 | 225 |
| NTPC | 381.9 | 390 |
| OBEROIRLTY | 1946.8 | 1960 |
| OFSS | 11899.55 | 10500 |
| ONGC | 251.85 | 260 |
| PAGEIND | 45816.5 | 46000 |
| PEL | 1022.4 | 920 |
| PERSISTENT | 5778.3 | 5600 |
| PETRONET | 315.9 | 328 |
| PFC | 459.75 | 460 |
| PIDILITIND | 2988.25 | 2920 |
| PIIND | 4078.95 | 4400 |
| PNB | 101.61 | 105 |
| POLYCAB | 6335.5 | 6500 |
| POWERGRID | 312.3 | 320 |
| PVRINOX | 1459.65 | 1360 |
| RAMCOCEM | 889.05 | 880 |
| RBLBANK | 153.26 | 160 |
| RECLTD | 504.15 | 430 |
| RELIANCE | 1257.45 | 1300 |
| SAIL | 112.44 | 115 |
| SBICARD | 683.45 | 680 |
| SBILIFE | 1553 | 1580 |
| SBIN | 811.25 | 830 |
| SHREECEM | 23714.4 | 24250 |
| SHRIRAMFIN | 2832.35 | 2650 |
| SIEMENS | 6597.45 | 6900 |
| SRF | 2203.2 | 2280 |
| SUNPHARMA | 1791.75 | 1820 |
| SUNTV | 725.85 | 730 |
| SYNGENE | 861.65 | 880 |
| TATACHEM | 1045.05 | 1100 |
| TATACOMM | 1753.05 | 1780 |
| TATACONSUM | 950.05 | 980 |
| TATAMOTORS | 786.95 | 810 |
| TATAPOWER | 401.95 | 420 |
| TATASTEEL | 139.46 | 147.5 |
| TCS | 4154.2 | 4150 |
| TECHM | 1687.75 | 1660 |
| TITAN | 3179.85 | 3200 |
| TORNTPHARM | 3128.35 | 3100 |
| TRENT | 6444.55 | 6600 |
| TVSMOTOR | 2379.35 | 2450 |
| UBL | 1869.9 | 2000 |
| ULTRACEMCO | 10558.25 | 11000 |
| UNITDSPR | 1433.4 | 1300 |
| UPL | 510.5 | 530 |
| VEDL | 433.6 | 460 |
| VOLTAS | 1702.9 | 1700 |
| WIPRO | 573 | 560 |
| ZYDUSLIFE | 973.95 | 980 |
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.
