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MGL
Mahanagar Gas Ltd.

1315.5 35.91 (2.81%)

Max pain for MGL

28 Apr 2025 11:37 AM IST

Max Pain for MGL is 1300  



Strike  1040  has a total call value of 0  versus a total put value of  13,370,400,000 Combined total value = 13,370,400,000

Strike  1060  has a total call value of 0  versus a total put value of  12,120,800,000 Combined total value = 12,120,800,000

Strike  1080  has a total call value of 0  versus a total put value of  10,871,200,000 Combined total value = 10,871,200,000

Strike  1100  has a total call value of 0  versus a total put value of  9,621,600,000 Combined total value = 9,621,600,000

Strike  1120  has a total call value of 0  versus a total put value of  8,458,400,000 Combined total value = 8,458,400,000

Strike  1140  has a total call value of 0  versus a total put value of  7,334,400,000 Combined total value = 7,334,400,000

Strike  1160  has a total call value of 0  versus a total put value of  6,228,800,000 Combined total value = 6,228,800,000

Strike  1180  has a total call value of 0  versus a total put value of  5,160,000,000 Combined total value = 5,160,000,000

Strike  1200  has a total call value of 0  versus a total put value of  4,142,400,000 Combined total value = 4,142,400,000

Strike  1220  has a total call value of 9,600,000  versus a total put value of  3,275,200,000 Combined total value = 3,284,800,000

Strike  1240  has a total call value of 19,200,000  versus a total put value of  2,450,400,000 Combined total value = 2,469,600,000

Strike  1260  has a total call value of 45,600,000  versus a total put value of  1,698,400,000 Combined total value = 1,744,000,000

Strike  1280  has a total call value of 117,600,000  versus a total put value of  1,128,000,000 Combined total value = 1,245,600,000

Strike  1300  has a total call value of 239,200,000  versus a total put value of  646,400,000 Combined total value = 885,600,000

Strike  1320  has a total call value of 616,800,000  versus a total put value of  454,400,000 Combined total value = 1,071,200,000

Strike  1340  has a total call value of 1,086,400,000  versus a total put value of  308,000,000 Combined total value = 1,394,400,000

Strike  1360  has a total call value of 1,672,800,000  versus a total put value of  204,800,000 Combined total value = 1,877,600,000

Strike  1380  has a total call value of 2,393,600,000  versus a total put value of  108,800,000 Combined total value = 2,502,400,000

Strike  1400  has a total call value of 3,200,000,000  versus a total put value of  12,800,000 Combined total value = 3,212,800,000

Strike  1420  has a total call value of 4,373,600,000  versus a total put value of  4,800,000 Combined total value = 4,378,400,000

Strike  1440  has a total call value of 5,584,000,000  versus a total put value of  0 Combined total value = 5,584,000,000

Strike  1460  has a total call value of 6,903,200,000  versus a total put value of  0 Combined total value = 6,903,200,000

Strike  1480  has a total call value of 8,272,800,000  versus a total put value of  0 Combined total value = 8,272,800,000

Strike  1500  has a total call value of 9,708,800,000  versus a total put value of  0 Combined total value = 9,708,800,000

Strike  1520  has a total call value of 11,323,200,000  versus a total put value of  0 Combined total value = 11,323,200,000

Strike  1540  has a total call value of 12,972,800,000  versus a total put value of  0 Combined total value = 12,972,800,000

Strike  1560  has a total call value of 14,622,400,000  versus a total put value of  0 Combined total value = 14,622,400,000

Strike  1580  has a total call value of 16,317,600,000  versus a total put value of  0 Combined total value = 16,317,600,000

Strike  1600  has a total call value of 18,012,800,000  versus a total put value of  0 Combined total value = 18,012,800,000


  Note:- click on symbol to see more detailed view
Max Pain
Symbol Symbol Ltp Max Pain
AARTIIND 429.7 430
ABB 5480 5600
ABCAPITAL 197.25 202.5
ABFRL 274.65 270
ACC 1939 2000
ADANIENSOL 932.3 920
ADANIENT 2394.9 2560
ADANIGREEN 936.45 960
ADANIPORTS 1213.4 1240
ALKEM 5074 5100
AMBUJACEM 549.8 570
ANGELONE 2351.7 2350
APLAPOLLO 1623.8 1600
APOLLOHOSP 6993 7100
APOLLOTYRE 456.85 460
ASHOKLEY 225.45 225
ASIANPAINT 2430 2460
ASTRAL 1370.9 1380
ATGL 619.8 620
AUBANK 671.8 650
AUROPHARMA 1243.5 1240
AXISBANK 1181.8 1200
BAJAJ-AUTO 8048.5 8200
BAJAJFINSV 2055.6 2060
BAJFINANCE 9046 9200
BALKRISIND 2556.8 2560
BANDHANBNK 163.04 170
BANKBARODA 250.3 250
BANKINDIA 117.75 117
BEL 306.3 300
BHARATFORG 1097.8 1100
BHARTIARTL 1815.9 1820
BHEL 228.02 230
BIOCON 320 330
BOSCHLTD 28140 28000
BPCL 305.35 300
BRITANNIA 5429.5 5450
BSE 6454 6250
BSOFT 389.8 400
CAMS 3944 3950
CANBK 97.75 99
CDSL 1342.1 1300
CESC 157.28 157.5
CGPOWER 634.15 650
CHAMBLFERT 688.95 680
CHOLAFIN 1555 1540
CIPLA 1549.9 1540
COALINDIA 397.2 405
COFORGE 7372 7200
COLPAL 2680.5 2620
CONCOR 688.3 700
CROMPTON 334.05 340
CUMMINSIND 2905.2 2950
CYIENT 1184.7 1180
DABUR 484.45 490
DALBHARAT 1987.4 1940
DEEPAKNTR 1971.9 2000
DELHIVERY 308 300
DIVISLAB 6109 6100
DIXON 16483 16000
DLF 663.1 680
DMART 4403 4400
DRREDDY 1197 1200
EICHERMOT 5609 5700
ESCORTS 3379 3400
ETERNAL 226.97 230
EXIDEIND 378 380
FEDERALBNK 199.66 200
GAIL 188.94 195
GLENMARK 1403.4 1400
GMRAIRPORT 88.05 88
GODREJCP 1248.5 1250
GODREJPROP 2108.8 2100
GRANULES 462 480
GRASIM 2761.7 2700
HAL 4423.1 4300
HAVELLS 1609.4 1600
HCLTECH 1551.4 1560
HDFCAMC 4417.9 4400
HDFCBANK 1923.6 1920
HDFCLIFE 702.9 710
HEROMOTOCO 3888.2 3900
HFCL 82.06 85
HINDALCO 628.8 630
HINDCOPPER 218.48 220
HINDPETRO 390 390
HINDUNILVR 2329.1 2360
HINDZINC 453.3 450
HUDCO 225.7 225
ICICIBANK 1424.6 1420
ICICIGI 1848 1860
ICICIPRULI 599.35 600
IDEA 7.44 8
IDFCFIRSTB 66.14 66
IEX 193.4 192.5
IGL 183.91 180
IIFL 371.8 370
INDHOTEL 802 800
INDIANB 577 580
INDIGO 5361.5 5300
INDUSINDBK 835.3 820
INDUSTOWER 405.65 400
INFY 1476.1 1480
INOXWIND 174.68 170
IOC 136.42 140
IRB 46.72 48
IRCTC 763.2 780
IREDA 168.32 160
IRFC 128.96 127.5
ITC 427.45 430
JINDALSTEL 909.4 900
JIOFIN 258.21 255
JSL 558.85 580
JSWENERGY 479.8 500
JSWSTEEL 1054.4 1040
JUBLFOOD 696.65 700
KALYANKJIL 517.6 520
KEI 2994.7 3000
KOTAKBANK 2221.4 2200
KPITTECH 1215.4 1200
LAURUSLABS 634.8 640
LICHSGFIN 605.15 600
LICI 801.35 800
LODHA 1298.4 1300
LT 3320.2 3320
LTF 165.34 162.5
LTIM 4473.4 4500
LUPIN 2104 2080
M&M 2907 2900
M&MFIN 262.3 270
MANAPPURAM 229.83 230
MARICO 719.95 710
MARUTI 11778 11800
MAXHEALTH 1093 1100
MCX 6152 5900
MFSL 1265.7 1260
MGL 1315.5 1300
MOTHERSON 134.32 137.5
MPHASIS 2464 2500
MRF 129385 128000
MUTHOOTFIN 2103.9 2120
NATIONALUM 159.24 170
NAUKRI 6950 7100
NBCC 96.36 100
NCC 218.12 220
NESTLEIND 2405.8 2400
NHPC 86.42 88
NMDC 65.72 69
NTPC 361 365
NYKAA 192.85 190
OBEROIRLTY 1639 1640
OFSS 8713.5 8600
OIL 402.45 400
ONGC 250.16 250
PAGEIND 44700 45000
PATANJALI 1949.8 2000
PAYTM 879.5 880
PEL 989.8 1000
PERSISTENT 5254.5 5200
PETRONET 309.65 315
PFC 419.5 440
PHOENIXLTD 1627.8 1700
PIDILITIND 2997.8 3000
PIIND 3631.4 3650
PNB 101.08 103
PNBHOUSING 988.65 1000
POLICYBZR 1604.6 1640
POLYCAB 5556.5 5500
POONAWALLA 378.3 380
POWERGRID 310 315
PRESTIGE 1301.2 1300
RAMCOCEM 963.25 970
RBLBANK 204.4 197.5
RECLTD 427.6 440
RELIANCE 1356.5 1320
SAIL 117.35 120
SBICARD 862.15 880
SBILIFE 1695.3 1680
SBIN 806.15 810
SHREECEM 30435 31000
SHRIRAMFIN 624.85 630
SIEMENS 2874 2900
SJVN 97.28 100
SOLARINDS 13055 13000
SONACOMS 459.25 460
SRF 2997.9 3000
SUNPHARMA 1835.4 1780
SUPREMEIND 3589 3500
SYNGENE 621.05 650
TATACHEM 833.95 870
TATACOMM 1574.7 1600
TATACONSUM 1152.2 1130
TATAELXSI 5689 5500
TATAMOTORS 664.9 670
TATAPOWER 399.9 400
TATASTEEL 142.06 142.5
TATATECH 707.5 680
TCS 3447.1 3400
TECHM 1459.6 1440
TIINDIA 2619.5 2600
TITAGARH 775.4 800
TITAN 3379 3360
TORNTPHARM 3331 3300
TORNTPOWER 1564 1600
TRENT 5199.5 5300
TVSMOTOR 2736 2740
ULTRACEMCO 12238 12200
UNIONBANK 127.7 130
UNITDSPR 1529.4 1520
UPL 673.7 670
VBL 533.4 530
VEDL 415.9 430
VOLTAS 1234.9 1300
WIPRO 240.7 242.5
YESBANK 17.93 18
ZOMATO 0 80
ZYDUSLIFE 876 880

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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.