IOC
Indian Oil Corp Ltd
Max pain for IOC
21 Nov 2024 04:12 PM IST
Max Pain for IOC is 140
Strike 110 has a total call value of 0 versus a total put value of 143,069,062,500 Combined total value = 143,069,062,500
Strike 112.5 has a total call value of 1,218,750 versus a total put value of 131,801,718,750 Combined total value = 131,802,937,500
Strike 115 has a total call value of 2,437,500 versus a total put value of 120,534,375,000 Combined total value = 120,536,812,500
Strike 117.5 has a total call value of 3,656,250 versus a total put value of 109,448,625,000 Combined total value = 109,452,281,250
Strike 120 has a total call value of 4,875,000 versus a total put value of 98,456,718,750 Combined total value = 98,461,593,750
Strike 122.5 has a total call value of 64,593,750 versus a total put value of 88,169,250,000 Combined total value = 88,233,843,750
Strike 125 has a total call value of 136,500,000 versus a total put value of 78,453,375,000 Combined total value = 78,589,875,000
Strike 127.5 has a total call value of 263,250,000 versus a total put value of 69,296,906,250 Combined total value = 69,560,156,250
Strike 130 has a total call value of 516,750,000 versus a total put value of 60,718,125,000 Combined total value = 61,234,875,000
Strike 132.5 has a total call value of 1,350,375,000 versus a total put value of 53,321,531,250 Combined total value = 54,671,906,250
Strike 135 has a total call value of 2,842,125,000 versus a total put value of 46,598,906,250 Combined total value = 49,441,031,250
Strike 137.5 has a total call value of 5,512,406,250 versus a total put value of 40,640,437,500 Combined total value = 46,152,843,750
Strike 140 has a total call value of 9,500,156,250 versus a total put value of 35,092,687,500 Combined total value = 44,592,843,750
Strike 142.5 has a total call value of 15,762,093,750 versus a total put value of 30,316,406,250 Combined total value = 46,078,500,000
Strike 145 has a total call value of 22,857,656,250 versus a total put value of 25,894,781,250 Combined total value = 48,752,437,500
Strike 147.5 has a total call value of 32,162,812,500 versus a total put value of 22,128,843,750 Combined total value = 54,291,656,250
Strike 150 has a total call value of 42,200,437,500 versus a total put value of 18,567,656,250 Combined total value = 60,768,093,750
Strike 152.5 has a total call value of 55,152,093,750 versus a total put value of 15,875,437,500 Combined total value = 71,027,531,250
Strike 155 has a total call value of 68,646,093,750 versus a total put value of 13,183,218,750 Combined total value = 81,829,312,500
Strike 157.5 has a total call value of 83,338,125,000 versus a total put value of 10,959,000,000 Combined total value = 94,297,125,000
Strike 160 has a total call value of 98,278,781,250 versus a total put value of 8,734,781,250 Combined total value = 107,013,562,500
Strike 162.5 has a total call value of 115,212,093,750 versus a total put value of 7,124,812,500 Combined total value = 122,336,906,250
Strike 165 has a total call value of 132,347,718,750 versus a total put value of 5,514,843,750 Combined total value = 137,862,562,500
Strike 167.5 has a total call value of 150,708,187,500 versus a total put value of 4,225,406,250 Combined total value = 154,933,593,750
Strike 170 has a total call value of 169,233,187,500 versus a total put value of 2,957,906,250 Combined total value = 172,191,093,750
Strike 172.5 has a total call value of 189,095,156,250 versus a total put value of 2,155,968,750 Combined total value = 191,251,125,000
Strike 175 has a total call value of 209,049,750,000 versus a total put value of 1,378,406,250 Combined total value = 210,428,156,250
Strike 177.5 has a total call value of 229,571,062,500 versus a total put value of 730,031,250 Combined total value = 230,301,093,750
Strike 180 has a total call value of 250,092,375,000 versus a total put value of 81,656,250 Combined total value = 250,174,031,250
Strike 182.5 has a total call value of 271,249,875,000 versus a total put value of 36,562,500 Combined total value = 271,286,437,500
Strike 185 has a total call value of 292,407,375,000 versus a total put value of 0 Combined total value = 292,407,375,000
Strike 187.5 has a total call value of 313,928,062,500 versus a total put value of 0 Combined total value = 313,928,062,500
Strike 190 has a total call value of 335,448,750,000 versus a total put value of 0 Combined total value = 335,448,750,000
Strike 192.5 has a total call value of 357,174,187,500 versus a total put value of 0 Combined total value = 357,174,187,500
Strike 195 has a total call value of 378,899,625,000 versus a total put value of 0 Combined total value = 378,899,625,000
Strike 197.5 has a total call value of 400,625,062,500 versus a total put value of 0 Combined total value = 400,625,062,500
Strike 200 has a total call value of 422,350,500,000 versus a total put value of 0 Combined total value = 422,350,500,000
Strike 202.5 has a total call value of 444,075,937,500 versus a total put value of 0 Combined total value = 444,075,937,500
Strike 205 has a total call value of 465,801,375,000 versus a total put value of 0 Combined total value = 465,801,375,000
Strike 207.5 has a total call value of 487,526,812,500 versus a total put value of 0 Combined total value = 487,526,812,500
Strike 210 has a total call value of 509,252,250,000 versus a total put value of 0 Combined total value = 509,252,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 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.
