IOC
Indian Oil Corp Ltd
Max pain for IOC
21 May 2025 04:12 PM IST
Max Pain for IOC is 144
Strike 115 has a total call value of 0 versus a total put value of 80,735,850,000 Combined total value = 80,735,850,000
Strike 116 has a total call value of 0 versus a total put value of 77,221,462,500 Combined total value = 77,221,462,500
Strike 117 has a total call value of 0 versus a total put value of 73,730,962,500 Combined total value = 73,730,962,500
Strike 118 has a total call value of 0 versus a total put value of 70,240,462,500 Combined total value = 70,240,462,500
Strike 119 has a total call value of 0 versus a total put value of 66,749,962,500 Combined total value = 66,749,962,500
Strike 120 has a total call value of 0 versus a total put value of 63,259,462,500 Combined total value = 63,259,462,500
Strike 121 has a total call value of 33,637,500 versus a total put value of 59,992,237,500 Combined total value = 60,025,875,000
Strike 122 has a total call value of 67,275,000 versus a total put value of 56,725,012,500 Combined total value = 56,792,287,500
Strike 123 has a total call value of 100,912,500 versus a total put value of 53,474,850,000 Combined total value = 53,575,762,500
Strike 124 has a total call value of 134,550,000 versus a total put value of 50,253,450,000 Combined total value = 50,388,000,000
Strike 125 has a total call value of 168,187,500 versus a total put value of 47,052,037,500 Combined total value = 47,220,225,000
Strike 126 has a total call value of 228,637,500 versus a total put value of 44,044,650,000 Combined total value = 44,273,287,500
Strike 127 has a total call value of 289,087,500 versus a total put value of 41,057,737,500 Combined total value = 41,346,825,000
Strike 128 has a total call value of 349,537,500 versus a total put value of 38,070,825,000 Combined total value = 38,420,362,500
Strike 129 has a total call value of 409,987,500 versus a total put value of 35,117,062,500 Combined total value = 35,527,050,000
Strike 130 has a total call value of 470,437,500 versus a total put value of 32,194,500,000 Combined total value = 32,664,937,500
Strike 131 has a total call value of 625,462,500 versus a total put value of 29,648,775,000 Combined total value = 30,274,237,500
Strike 132 has a total call value of 780,487,500 versus a total put value of 27,158,137,500 Combined total value = 27,938,625,000
Strike 133 has a total call value of 952,087,500 versus a total put value of 24,727,950,000 Combined total value = 25,680,037,500
Strike 134 has a total call value of 1,123,687,500 versus a total put value of 22,351,875,000 Combined total value = 23,475,562,500
Strike 135 has a total call value of 1,295,287,500 versus a total put value of 20,009,925,000 Combined total value = 21,305,212,500
Strike 136 has a total call value of 1,557,075,000 versus a total put value of 17,961,937,500 Combined total value = 19,519,012,500
Strike 137 has a total call value of 1,851,525,000 versus a total put value of 15,971,475,000 Combined total value = 17,823,000,000
Strike 138 has a total call value of 2,186,925,000 versus a total put value of 14,064,862,500 Combined total value = 16,251,787,500
Strike 139 has a total call value of 2,612,512,500 versus a total put value of 12,240,150,000 Combined total value = 14,852,662,500
Strike 140 has a total call value of 3,102,937,500 versus a total put value of 10,502,700,000 Combined total value = 13,605,637,500
Strike 141 has a total call value of 3,882,450,000 versus a total put value of 9,071,887,500 Combined total value = 12,954,337,500
Strike 142 has a total call value of 4,731,675,000 versus a total put value of 7,703,962,500 Combined total value = 12,435,637,500
Strike 143 has a total call value of 5,718,862,500 versus a total put value of 6,416,475,000 Combined total value = 12,135,337,500
Strike 144 has a total call value of 6,805,987,500 versus a total put value of 5,228,925,000 Combined total value = 12,034,912,500
Strike 145 has a total call value of 8,036,437,500 versus a total put value of 4,125,712,500 Combined total value = 12,162,150,000
Strike 146 has a total call value of 10,052,737,500 versus a total put value of 3,386,662,500 Combined total value = 13,439,400,000
Strike 147 has a total call value of 12,216,262,500 versus a total put value of 2,704,650,000 Combined total value = 14,920,912,500
Strike 148 has a total call value of 14,510,925,000 versus a total put value of 2,077,725,000 Combined total value = 16,588,650,000
Strike 149 has a total call value of 16,967,925,000 versus a total put value of 1,514,175,000 Combined total value = 18,482,100,000
Strike 150 has a total call value of 19,548,750,000 versus a total put value of 976,950,000 Combined total value = 20,525,700,000
Strike 151 has a total call value of 23,369,775,000 versus a total put value of 825,337,500 Combined total value = 24,195,112,500
Strike 152 has a total call value of 27,320,475,000 versus a total put value of 692,250,000 Combined total value = 28,012,725,000
Strike 153 has a total call value of 31,509,562,500 versus a total put value of 578,175,000 Combined total value = 32,087,737,500
Strike 154 has a total call value of 35,788,837,500 versus a total put value of 479,700,000 Combined total value = 36,268,537,500
Strike 155 has a total call value of 40,198,762,500 versus a total put value of 381,225,000 Combined total value = 40,579,987,500
Strike 156 has a total call value of 44,829,525,000 versus a total put value of 282,750,000 Combined total value = 45,112,275,000
Strike 157 has a total call value of 49,662,600,000 versus a total put value of 212,062,500 Combined total value = 49,874,662,500
Strike 158 has a total call value of 54,537,600,000 versus a total put value of 141,375,000 Combined total value = 54,678,975,000
Strike 159 has a total call value of 59,447,212,500 versus a total put value of 70,687,500 Combined total value = 59,517,900,000
Strike 160 has a total call value of 64,373,887,500 versus a total put value of 0 Combined total value = 64,373,887,500
Strike 161 has a total call value of 69,568,687,500 versus a total put value of 0 Combined total value = 69,568,687,500
Strike 162 has a total call value of 74,763,487,500 versus a total put value of 0 Combined total value = 74,763,487,500
Strike 163 has a total call value of 80,207,887,500 versus a total put value of 0 Combined total value = 80,207,887,500
Strike 164 has a total call value of 85,652,287,500 versus a total put value of 0 Combined total value = 85,652,287,500
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 468.8 | 460 |
| ABB | 5886.5 | 5700 |
| ABCAPITAL | 221.46 | 210 |
| ABFRL | 268.95 | 275 |
| ACC | 1941.4 | 1920 |
| ADANIENSOL | 872.15 | 900 |
| ADANIENT | 2500.4 | 2500 |
| ADANIGREEN | 996.5 | 960 |
| ADANIPORTS | 1384.6 | 1340 |
| ALKEM | 5374 | 5300 |
| AMBUJACEM | 567.8 | 570 |
| ANGELONE | 2866.2 | 2650 |
| APLAPOLLO | 1814.4 | 1700 |
| APOLLOHOSP | 6984 | 6950 |
| APOLLOTYRE | 488.1 | 485 |
| ASHOKLEY | 244.61 | 232.5 |
| ASIANPAINT | 2312.4 | 2340 |
| ASTRAL | 1377.7 | 1380 |
| ATGL | 663.35 | 650 |
| AUBANK | 692.9 | 670 |
| AUROPHARMA | 1204.1 | 1220 |
| AXISBANK | 1197.8 | 1180 |
| BAJAJ-AUTO | 8687.5 | 8500 |
| BAJAJFINSV | 2037.3 | 2020 |
| BAJFINANCE | 9197.5 | 9100 |
| BALKRISIND | 2665.6 | 2700 |
| BANDHANBNK | 168.22 | 167.5 |
| BANKBARODA | 241.3 | 235 |
| BANKINDIA | 117.96 | 115 |
| BEL | 383 | 365 |
| BHARATFORG | 1229 | 1200 |
| BHARTIARTL | 1822.5 | 1820 |
| BHEL | 247.42 | 245 |
| BIOCON | 340.65 | 335 |
| BOSCHLTD | 31655 | 31000 |
| BPCL | 315.85 | 310 |
| BRITANNIA | 5493.5 | 5500 |
| BSE | 7305 | 7000 |
| BSOFT | 424 | 420 |
| CAMS | 3887.5 | 3850 |
| CANBK | 107.84 | 104 |
| CDSL | 1450.3 | 1400 |
| CESC | 171.92 | 165 |
| CGPOWER | 694 | 660 |
| CHAMBLFERT | 603.85 | 630 |
| CHOLAFIN | 1656 | 1600 |
| CIPLA | 1482.4 | 1500 |
| COALINDIA | 405.35 | 400 |
| COFORGE | 8266 | 7800 |
| COLPAL | 2659.3 | 2660 |
| CONCOR | 731.55 | 720 |
| CROMPTON | 349.05 | 345 |
| CUMMINSIND | 2980.9 | 2900 |
| CYIENT | 1304.6 | 1260 |
| DABUR | 481.75 | 480 |
| DALBHARAT | 2089.3 | 2000 |
| DEEPAKNTR | 2090.2 | 2060 |
| DELHIVERY | 348.1 | 340 |
| DIVISLAB | 6552 | 6400 |
| DIXON | 15612 | 16000 |
| DLF | 775.15 | 750 |
| DMART | 4112.7 | 4100 |
| DRREDDY | 1224.7 | 1200 |
| EICHERMOT | 5409 | 5500 |
| ESCORTS | 3514.4 | 3400 |
| ETERNAL | 229.97 | 230 |
| EXIDEIND | 384.8 | 380 |
| FEDERALBNK | 200.82 | 195 |
| GAIL | 190.64 | 190 |
| GLENMARK | 1440.1 | 1420 |
| GMRAIRPORT | 87.63 | 88 |
| GODREJCP | 1280 | 1270 |
| GODREJPROP | 2181 | 2200 |
| GRANULES | 517.9 | 500 |
| GRASIM | 2706.9 | 2720 |
| HAL | 5001.1 | 4850 |
| HAVELLS | 1577.2 | 1600 |
| HCLTECH | 1652 | 1600 |
| HDFCAMC | 4815.5 | 4650 |
| HDFCBANK | 1926.8 | 1920 |
| HDFCLIFE | 759.7 | 730 |
| HEROMOTOCO | 4263.8 | 4100 |
| HFCL | 85.13 | 85 |
| HINDALCO | 663 | 650 |
| HINDCOPPER | 229.47 | 230 |
| HINDPETRO | 404.9 | 400 |
| HINDUNILVR | 2363.9 | 2360 |
| HINDZINC | 442.05 | 440 |
| HUDCO | 229.34 | 225 |
| ICICIBANK | 1444.7 | 1440 |
| ICICIGI | 1878.1 | 1880 |
| ICICIPRULI | 618.15 | 610 |
| IDEA | 6.76 | 7 |
| IDFCFIRSTB | 66.67 | 67 |
| IEX | 199.18 | 197.5 |
| IGL | 207.56 | 200 |
| IIFL | 413.15 | 400 |
| INDHOTEL | 773.1 | 770 |
| INDIANB | 601.7 | 590 |
| INDIGO | 5461.5 | 5400 |
| INDUSINDBK | 769.95 | 800 |
| INDUSTOWER | 387.95 | 390 |
| INFY | 1568.5 | 1540 |
| INOXWIND | 185.76 | 180 |
| IOC | 143.39 | 144 |
| IRB | 51.35 | 50 |
| IRCTC | 790.2 | 790 |
| IREDA | 172.21 | 170 |
| IRFC | 138.08 | 135 |
| ITC | 433 | 430 |
| JINDALSTEL | 968.5 | 940 |
| JIOFIN | 274.35 | 265 |
| JSL | 643.4 | 640 |
| JSWENERGY | 504.8 | 490 |
| JSWSTEEL | 1000.9 | 1000 |
| JUBLFOOD | 674.4 | 680 |
| KALYANKJIL | 552.05 | 540 |
| KEI | 3431.4 | 3300 |
| KOTAKBANK | 2071.3 | 2100 |
| KPITTECH | 1331.6 | 1300 |
| LAURUSLABS | 597.05 | 600 |
| LICHSGFIN | 595.75 | 600 |
| LICI | 853.8 | 840 |
| LODHA | 1409 | 1360 |
| LT | 3589 | 3500 |
| LTF | 173.58 | 170 |
| LTIM | 5033.8 | 4900 |
| LUPIN | 1996 | 2020 |
| M&M | 3090.7 | 3050 |
| M&MFIN | 260.25 | 257.85 |
| MANAPPURAM | 228.06 | 230 |
| MARICO | 709.65 | 720 |
| MARUTI | 12615 | 12200 |
| MAXHEALTH | 1142.1 | 1160 |
| MCX | 6370.5 | 6200 |
| MFSL | 1396.7 | 1340 |
| MGL | 1382 | 1380 |
| MOTHERSON | 148.24 | 142.5 |
| MPHASIS | 2557.6 | 2540 |
| MRF | 142285 | 140000 |
| MUTHOOTFIN | 2089.6 | 2100 |
| NATIONALUM | 181.75 | 180 |
| NAUKRI | 1475.5 | 1440 |
| NBCC | 113.21 | 107 |
| NCC | 233.54 | 230 |
| NESTLEIND | 2392.6 | 2380 |
| NHPC | 87.62 | 86 |
| NMDC | 70.15 | 70 |
| NTPC | 346.15 | 345 |
| NYKAA | 200.48 | 200 |
| OBEROIRLTY | 1731.9 | 1680 |
| OFSS | 8383.5 | 8435 |
| OIL | 426.5 | 420 |
| ONGC | 248.68 | 240 |
| PAGEIND | 47620 | 47000 |
| PATANJALI | 1725 | 1780 |
| PAYTM | 843.1 | 860 |
| PEL | 1139 | 1100 |
| PERSISTENT | 5670 | 5600 |
| PETRONET | 321.75 | 320 |
| PFC | 412.7 | 420 |
| PHOENIXLTD | 1617.8 | 1600 |
| PIDILITIND | 2986.2 | 3020 |
| PIIND | 3709.9 | 3700 |
| PNB | 101.9 | 100 |
| PNBHOUSING | 1050.8 | 1060 |
| POLICYBZR | 1726.7 | 1700 |
| POLYCAB | 6055 | 5900 |
| POONAWALLA | 397.2 | 390 |
| POWERGRID | 296.15 | 302.5 |
| PRESTIGE | 1432.6 | 1400 |
| RAMCOCEM | 978.8 | 980 |
| RBLBANK | 207.84 | 210 |
| RECLTD | 400.2 | 410 |
| RELIANCE | 1429.2 | 1390 |
| SAIL | 124.88 | 120 |
| SBICARD | 903.15 | 900 |
| SBILIFE | 1763.9 | 1740 |
| SBIN | 787.1 | 790 |
| SHREECEM | 31490 | 31000 |
| SHRIRAMFIN | 658 | 640 |
| SIEMENS | 3290.8 | 3100 |
| SJVN | 101.05 | 100 |
| SOLARINDS | 14192 | 13750 |
| SONACOMS | 525.05 | 510 |
| SRF | 2951.3 | 3000 |
| SUNPHARMA | 1731.8 | 1700 |
| SUPREMEIND | 3826 | 3800 |
| SYNGENE | 639.35 | 640 |
| TATACHEM | 859.1 | 860 |
| TATACOMM | 1664.7 | 1600 |
| TATACONSUM | 1138.8 | 1130 |
| TATAELXSI | 6184.5 | 6000 |
| TATAMOTORS | 726.8 | 700 |
| TATAPOWER | 401.85 | 400 |
| TATASTEEL | 161.64 | 155 |
| TATATECH | 757.2 | 700 |
| TCS | 3525.8 | 3500 |
| TECHM | 1598.2 | 1540 |
| TIINDIA | 3002.7 | 3000 |
| TITAGARH | 904.5 | 860 |
| TITAN | 3580.5 | 3500 |
| TORNTPHARM | 3289 | 3300 |
| TORNTPOWER | 1398.7 | 1420 |
| TRENT | 5443.5 | 5500 |
| TVSMOTOR | 2767.3 | 2780 |
| ULTRACEMCO | 11666 | 11800 |
| UNIONBANK | 139.46 | 132.5 |
| UNITDSPR | 1557.4 | 1540 |
| UPL | 638.4 | 650 |
| VBL | 479.15 | 500 |
| VEDL | 437.75 | 440 |
| VOLTAS | 1268.6 | 1280 |
| WIPRO | 250.92 | 247.5 |
| YESBANK | 20.98 | 21 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 889.65 | 890 |
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.
