NATURALGAS
Natural Gas
Max pain for NATURALGAS
19 Jun 2025 11:29 PM IST
Max Pain for NATURALGAS is 335
Strike 215 has a total call value of 0 versus a total put value of 1,442,726,250,000 Combined total value = 1,442,726,250,000
Strike 220 has a total call value of 0 versus a total put value of 1,367,992,500,000 Combined total value = 1,367,992,500,000
Strike 225 has a total call value of 0 versus a total put value of 1,294,171,875,000 Combined total value = 1,294,171,875,000
Strike 230 has a total call value of 0 versus a total put value of 1,220,371,250,000 Combined total value = 1,220,371,250,000
Strike 235 has a total call value of 0 versus a total put value of 1,147,085,000,000 Combined total value = 1,147,085,000,000
Strike 240 has a total call value of 0 versus a total put value of 1,073,810,625,000 Combined total value = 1,073,810,625,000
Strike 245 has a total call value of 0 versus a total put value of 1,001,243,125,000 Combined total value = 1,001,243,125,000
Strike 250 has a total call value of 0 versus a total put value of 928,795,000,000 Combined total value = 928,795,000,000
Strike 255 has a total call value of 0 versus a total put value of 858,053,125,000 Combined total value = 858,053,125,000
Strike 260 has a total call value of 0 versus a total put value of 787,941,875,000 Combined total value = 787,941,875,000
Strike 265 has a total call value of 0 versus a total put value of 719,260,625,000 Combined total value = 719,260,625,000
Strike 270 has a total call value of 0 versus a total put value of 651,043,750,000 Combined total value = 651,043,750,000
Strike 275 has a total call value of 21,250,000 versus a total put value of 584,809,375,000 Combined total value = 584,830,625,000
Strike 280 has a total call value of 42,500,000 versus a total put value of 519,816,875,000 Combined total value = 519,859,375,000
Strike 285 has a total call value of 140,625,000 versus a total put value of 458,379,375,000 Combined total value = 458,520,000,000
Strike 290 has a total call value of 268,750,000 versus a total put value of 397,883,125,000 Combined total value = 398,151,875,000
Strike 295 has a total call value of 600,625,000 versus a total put value of 340,581,875,000 Combined total value = 341,182,500,000
Strike 300 has a total call value of 1,460,000,000 versus a total put value of 284,984,375,000 Combined total value = 286,444,375,000
Strike 305 has a total call value of 4,908,125,000 versus a total put value of 236,916,250,000 Combined total value = 241,824,375,000
Strike 310 has a total call value of 9,793,750,000 versus a total put value of 191,013,125,000 Combined total value = 200,806,875,000
Strike 315 has a total call value of 17,330,625,000 versus a total put value of 149,773,125,000 Combined total value = 167,103,750,000
Strike 320 has a total call value of 26,655,625,000 versus a total put value of 112,798,750,000 Combined total value = 139,454,375,000
Strike 325 has a total call value of 39,571,250,000 versus a total put value of 83,283,125,000 Combined total value = 122,854,375,000
Strike 330 has a total call value of 53,322,500,000 versus a total put value of 56,769,375,000 Combined total value = 110,091,875,000
Strike 335 has a total call value of 71,310,000,000 versus a total put value of 37,432,500,000 Combined total value = 108,742,500,000
Strike 340 has a total call value of 89,970,625,000 versus a total put value of 21,753,125,000 Combined total value = 111,723,750,000
Strike 345 has a total call value of 111,526,875,000 versus a total put value of 12,045,625,000 Combined total value = 123,572,500,000
Strike 350 has a total call value of 134,521,875,000 versus a total put value of 5,001,875,000 Combined total value = 139,523,750,000
Strike 355 has a total call value of 162,374,375,000 versus a total put value of 2,313,125,000 Combined total value = 164,687,500,000
Strike 360 has a total call value of 192,561,250,000 versus a total put value of 889,375,000 Combined total value = 193,450,625,000
Strike 365 has a total call value of 226,589,375,000 versus a total put value of 615,625,000 Combined total value = 227,205,000,000
Strike 370 has a total call value of 262,325,625,000 versus a total put value of 425,000,000 Combined total value = 262,750,625,000
Strike 375 has a total call value of 300,467,500,000 versus a total put value of 339,375,000 Combined total value = 300,806,875,000
Strike 380 has a total call value of 340,275,625,000 versus a total put value of 270,625,000 Combined total value = 340,546,250,000
Strike 385 has a total call value of 381,989,375,000 versus a total put value of 217,500,000 Combined total value = 382,206,875,000
Strike 390 has a total call value of 424,393,750,000 versus a total put value of 166,250,000 Combined total value = 424,560,000,000
Strike 395 has a total call value of 467,653,750,000 versus a total put value of 118,125,000 Combined total value = 467,771,875,000
Strike 400 has a total call value of 511,166,875,000 versus a total put value of 70,000,000 Combined total value = 511,236,875,000
Strike 405 has a total call value of 557,205,625,000 versus a total put value of 50,625,000 Combined total value = 557,256,250,000
Strike 410 has a total call value of 603,334,375,000 versus a total put value of 31,250,000 Combined total value = 603,365,625,000
Strike 415 has a total call value of 650,528,750,000 versus a total put value of 15,625,000 Combined total value = 650,544,375,000
Strike 420 has a total call value of 697,727,500,000 versus a total put value of 0 Combined total value = 697,727,500,000
Strike 425 has a total call value of 745,445,625,000 versus a total put value of 0 Combined total value = 745,445,625,000
Strike 430 has a total call value of 793,163,750,000 versus a total put value of 0 Combined total value = 793,163,750,000
Strike 435 has a total call value of 840,968,125,000 versus a total put value of 0 Combined total value = 840,968,125,000
Strike 440 has a total call value of 888,794,375,000 versus a total put value of 0 Combined total value = 888,794,375,000
Strike 445 has a total call value of 938,458,125,000 versus a total put value of 0 Combined total value = 938,458,125,000
Strike 450 has a total call value of 988,121,875,000 versus a total put value of 0 Combined total value = 988,121,875,000
Strike 455 has a total call value of 1,038,221,875,000 versus a total put value of 0 Combined total value = 1,038,221,875,000
Strike 460 has a total call value of 1,088,321,875,000 versus a total put value of 0 Combined total value = 1,088,321,875,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 437.4 | 460 |
| ABB | 5869 | 6000 |
| ABCAPITAL | 255.68 | 245 |
| ABFRL | 72.47 | 80 |
| ACC | 1825.6 | 1900 |
| ADANIENSOL | 823.6 | 860 |
| ADANIENT | 2420.6 | 2520 |
| ADANIGREEN | 934 | 1000 |
| ADANIPORTS | 1338 | 1400 |
| ALKEM | 4782 | 4900 |
| AMBUJACEM | 532.8 | 560 |
| ANGELONE | 2781.6 | 2950 |
| APLAPOLLO | 1771.9 | 1840 |
| APOLLOHOSP | 7009.5 | 7000 |
| ASHOKLEY | 232.86 | 237.5 |
| ASIANPAINT | 2268 | 2260 |
| ASTRAL | 1519.5 | 1520 |
| ATGL | 622.6 | 660 |
| AUBANK | 790.1 | 770 |
| AUROPHARMA | 1082.5 | 1140 |
| AXISBANK | 1217.5 | 1200 |
| BAJAJ-AUTO | 8496 | 8600 |
| BAJAJFINSV | 1967.6 | 2000 |
| BAJFINANCE | 900.5 | 920 |
| BALKRISIND | 2403.7 | 2480 |
| BANDHANBNK | 178.25 | 177.5 |
| BANKBARODA | 231.66 | 240 |
| BANKINDIA | 115.68 | 120 |
| BDL | 1884.3 | 1900 |
| BEL | 398.55 | 395 |
| BHARATFORG | 1277 | 1300 |
| BHARTIARTL | 1877 | 1860 |
| BHEL | 247.2 | 255 |
| BIOCON | 348.6 | 345 |
| BLUESTARCO | 1591.7 | 1600 |
| BOSCHLTD | 32375 | 32000 |
| BPCL | 313.45 | 315 |
| BRITANNIA | 5558 | 5550 |
| BSE | 2595.4 | 2650 |
| BSOFT | 413.65 | 415 |
| CAMS | 4014.8 | 4100 |
| CANBK | 104.89 | 108 |
| CDSL | 1637.8 | 1700 |
| CESC | 161.45 | 167.5 |
| CGPOWER | 666.7 | 680 |
| CHAMBLFERT | 543.75 | 560 |
| CHOLAFIN | 1544.4 | 1580 |
| CIPLA | 1484 | 1500 |
| COALINDIA | 384.25 | 400 |
| COFORGE | 1794 | 1760 |
| COLPAL | 2399.7 | 2440 |
| CONCOR | 727.95 | 770 |
| CROMPTON | 339.55 | 350 |
| CUMMINSIND | 3237.3 | 3300 |
| CYIENT | 1289.2 | 1300 |
| DABUR | 465.1 | 480 |
| DALBHARAT | 2043.3 | 2060 |
| DELHIVERY | 355.25 | 365 |
| DIVISLAB | 6493 | 6600 |
| DIXON | 14004 | 14500 |
| DLF | 839.9 | 840 |
| DMART | 4203.1 | 4150 |
| DRREDDY | 1326.1 | 1300 |
| EICHERMOT | 5493.5 | 5400 |
| ETERNAL | 249.42 | 250 |
| EXIDEIND | 374.75 | 390 |
| FEDERALBNK | 203.92 | 207.5 |
| FORTIS | 748.1 | 750 |
| GAIL | 180.41 | 190 |
| GLENMARK | 1639.2 | 1600 |
| GMRAIRPORT | 80.55 | 84 |
| GODREJCP | 1194 | 1220 |
| GODREJPROP | 2380.1 | 2400 |
| GRANULES | 480.3 | 520 |
| GRASIM | 2693.2 | 2660 |
| HAL | 4902.3 | 5000 |
| HAVELLS | 1518.3 | 1540 |
| HCLTECH | 1713.9 | 1680 |
| HDFCAMC | 4877.5 | 4950 |
| HDFCBANK | 1935.3 | 1940 |
| HDFCLIFE | 761.85 | 760 |
| HEROMOTOCO | 4384.3 | 4350 |
| HFCL | 79.37 | 85 |
| HINDALCO | 641.35 | 650 |
| HINDCOPPER | 245.02 | 250 |
| HINDPETRO | 390 | 400 |
| HINDUNILVR | 2294.2 | 2320 |
| HINDZINC | 437.45 | 450 |
| HUDCO | 217.66 | 240 |
| ICICIBANK | 1411.3 | 1430 |
| ICICIGI | 1927.5 | 1940 |
| ICICIPRULI | 623.35 | 640 |
| IDEA | 6.33 | 7 |
| IDFCFIRSTB | 69.71 | 70 |
| IEX | 178.85 | 192.5 |
| IGL | 202.26 | 207.5 |
| IIFL | 474.45 | 480 |
| INDHOTEL | 747.3 | 760 |
| INDIANB | 615.15 | 620 |
| INDIGO | 5271 | 5400 |
| INDUSINDBK | 837.5 | 820 |
| INDUSTOWER | 389.65 | 390 |
| INFY | 1618.4 | 1600 |
| INOXWIND | 166.08 | 180 |
| IOC | 138.67 | 143 |
| IRB | 48.06 | 50 |
| IRCTC | 746.8 | 770 |
| IREDA | 158.75 | 170 |
| IRFC | 132.35 | 140 |
| ITC | 416 | 420 |
| JINDALSTEL | 887.45 | 920 |
| JIOFIN | 284.1 | 290 |
| JSL | 657.25 | 680 |
| JSWENERGY | 480.55 | 500 |
| JSWSTEEL | 996.05 | 1000 |
| JUBLFOOD | 683.3 | 680 |
| KALYANKJIL | 511.05 | 530 |
| KAYNES | 5612 | 5600 |
| KEI | 3600.8 | 3650 |
| KOTAKBANK | 2146.4 | 2120 |
| KPITTECH | 1393 | 1380 |
| LAURUSLABS | 646.25 | 650 |
| LICHSGFIN | 581.75 | 600 |
| LICI | 927.9 | 950 |
| LODHA | 1425.4 | 1440 |
| LT | 3621.1 | 3620 |
| LTF | 187.51 | 185 |
| LTIM | 5368 | 5350 |
| LUPIN | 1931.8 | 1980 |
| M&M | 3094.8 | 3050 |
| M&MFIN | 261 | 270 |
| MANAPPURAM | 263.6 | 250 |
| MANKIND | 2325.2 | 2400 |
| MARICO | 690.6 | 700 |
| MARUTI | 12806 | 12500 |
| MAXHEALTH | 1163 | 1200 |
| MAZDOCK | 3223.5 | 3300 |
| MCX | 7763.5 | 7600 |
| MFSL | 1576.3 | 1560 |
| MGL | 1392.4 | 1380 |
| MOTHERSON | 147.74 | 152.5 |
| MPHASIS | 2648.3 | 2600 |
| MUTHOOTFIN | 2637.1 | 2500 |
| NATIONALUM | 181.93 | 190 |
| NAUKRI | 1469.3 | 1480 |
| NBCC | 114.29 | 120 |
| NCC | 219.32 | 227.5 |
| NESTLEIND | 2318.9 | 2360 |
| NHPC | 80.87 | 86 |
| NMDC | 67.04 | 70 |
| NTPC | 330.05 | 340 |
| NYKAA | 193.99 | 197.5 |
| OBEROIRLTY | 1880.3 | 1880 |
| OFSS | 9327 | 9300 |
| OIL | 469.85 | 460 |
| ONGC | 251.56 | 250 |
| PAGEIND | 44875 | 46000 |
| PATANJALI | 1635.6 | 1680 |
| PAYTM | 868.2 | 880 |
| PEL | 1100.2 | 1140 |
| PERSISTENT | 5898.5 | 5900 |
| PETRONET | 291.1 | 310 |
| PFC | 390.35 | 410 |
| PHOENIXLTD | 1566.3 | 1600 |
| PIDILITIND | 2967.3 | 3000 |
| PIIND | 4108.4 | 4050 |
| PNB | 102.98 | 105 |
| PNBHOUSING | 1038.5 | 1080 |
| POLICYBZR | 1865.6 | 1880 |
| POLYCAB | 5822 | 5900 |
| POONAWALLA | 411.7 | 420 |
| POWERGRID | 286.45 | 292.5 |
| PPLPHARMA | 192.03 | 200 |
| PRESTIGE | 1678 | 1640 |
| RBLBANK | 223.84 | 220 |
| RECLTD | 383.65 | 400 |
| RELIANCE | 1433.3 | 1440 |
| RVNL | 381.95 | 400 |
| SAIL | 125.15 | 130 |
| SBICARD | 939.7 | 950 |
| SBILIFE | 1789.4 | 1780 |
| SBIN | 785.1 | 800 |
| SHREECEM | 29310 | 29500 |
| SHRIRAMFIN | 652.2 | 670 |
| SIEMENS | 3284.8 | 3300 |
| SJVN | 93.36 | 100 |
| SOLARINDS | 16882 | 16500 |
| SONACOMS | 478.05 | 500 |
| SRF | 3013.2 | 3050 |
| SUNPHARMA | 1647.6 | 1660 |
| SUPREMEIND | 4441.3 | 4500 |
| SYNGENE | 627.25 | 650 |
| TATACHEM | 909.05 | 920 |
| TATACOMM | 1648.7 | 1680 |
| TATACONSUM | 1088.3 | 1090 |
| TATAELXSI | 6220 | 6350 |
| TATAMOTORS | 672.3 | 690 |
| TATAPOWER | 384.55 | 400 |
| TATASTEEL | 151 | 153.9 |
| TATATECH | 717.2 | 740 |
| TCS | 3424 | 3460 |
| TECHM | 1684 | 1660 |
| TIINDIA | 2850.3 | 3000 |
| TITAGARH | 839.55 | 920 |
| TITAN | 3505.4 | 3500 |
| TORNTPHARM | 3164 | 3200 |
| TORNTPOWER | 1366.8 | 1400 |
| TRENT | 5723.5 | 5700 |
| TVSMOTOR | 2779.9 | 2780 |
| ULTRACEMCO | 11420 | 11300 |
| UNIONBANK | 139.68 | 145 |
| UNITDSPR | 1460.8 | 1500 |
| UNOMINDA | 1037.3 | 1060 |
| UPL | 630.95 | 630 |
| USDINR | 86.87 | 85.5 |
| VBL | 448.65 | 470 |
| VEDL | 439.5 | 450 |
| VOLTAS | 1261 | 1260 |
| WIPRO | 265.58 | 260 |
| YESBANK | 19.41 | 21 |
| ZOMATO | 0 | 200 |
| ZYDUSLIFE | 950.05 | 960 |
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.
