NATURALGAS
Natural Gas
Max pain for NATURALGAS
21 Nov 2024 11:40 PM IST
Max Pain for NATURALGAS is 290
Strike 200 has a total call value of 0 versus a total put value of 126,741,875,000 Combined total value = 126,741,875,000
Strike 205 has a total call value of 126,250,000 versus a total put value of 116,311,250,000 Combined total value = 116,437,500,000
Strike 210 has a total call value of 252,500,000 versus a total put value of 105,894,375,000 Combined total value = 106,146,875,000
Strike 215 has a total call value of 378,750,000 versus a total put value of 95,536,875,000 Combined total value = 95,915,625,000
Strike 220 has a total call value of 505,000,000 versus a total put value of 85,179,375,000 Combined total value = 85,684,375,000
Strike 225 has a total call value of 631,250,000 versus a total put value of 75,296,875,000 Combined total value = 75,928,125,000
Strike 230 has a total call value of 761,875,000 versus a total put value of 65,417,500,000 Combined total value = 66,179,375,000
Strike 235 has a total call value of 900,625,000 versus a total put value of 56,211,250,000 Combined total value = 57,111,875,000
Strike 240 has a total call value of 1,046,875,000 versus a total put value of 47,011,875,000 Combined total value = 48,058,750,000
Strike 245 has a total call value of 1,225,625,000 versus a total put value of 39,364,375,000 Combined total value = 40,590,000,000
Strike 250 has a total call value of 1,405,625,000 versus a total put value of 31,768,750,000 Combined total value = 33,174,375,000
Strike 255 has a total call value of 1,846,875,000 versus a total put value of 25,953,750,000 Combined total value = 27,800,625,000
Strike 260 has a total call value of 2,288,125,000 versus a total put value of 20,234,375,000 Combined total value = 22,522,500,000
Strike 265 has a total call value of 2,905,625,000 versus a total put value of 15,788,125,000 Combined total value = 18,693,750,000
Strike 270 has a total call value of 3,571,875,000 versus a total put value of 11,613,750,000 Combined total value = 15,185,625,000
Strike 275 has a total call value of 4,435,000,000 versus a total put value of 8,812,500,000 Combined total value = 13,247,500,000
Strike 280 has a total call value of 5,322,500,000 versus a total put value of 6,221,875,000 Combined total value = 11,544,375,000
Strike 285 has a total call value of 6,540,000,000 versus a total put value of 4,410,625,000 Combined total value = 10,950,625,000
Strike 290 has a total call value of 7,790,000,000 versus a total put value of 2,723,750,000 Combined total value = 10,513,750,000
Strike 295 has a total call value of 9,619,375,000 versus a total put value of 1,553,125,000 Combined total value = 11,172,500,000
Strike 300 has a total call value of 11,516,875,000 versus a total put value of 545,000,000 Combined total value = 12,061,875,000
Strike 305 has a total call value of 15,249,375,000 versus a total put value of 386,250,000 Combined total value = 15,635,625,000
Strike 310 has a total call value of 19,100,625,000 versus a total put value of 246,875,000 Combined total value = 19,347,500,000
Strike 315 has a total call value of 23,340,625,000 versus a total put value of 162,500,000 Combined total value = 23,503,125,000
Strike 320 has a total call value of 27,607,500,000 versus a total put value of 78,750,000 Combined total value = 27,686,250,000
Strike 325 has a total call value of 32,573,750,000 versus a total put value of 48,125,000 Combined total value = 32,621,875,000
Strike 330 has a total call value of 37,546,250,000 versus a total put value of 20,000,000 Combined total value = 37,566,250,000
Strike 335 has a total call value of 42,788,125,000 versus a total put value of 15,000,000 Combined total value = 42,803,125,000
Strike 340 has a total call value of 48,034,375,000 versus a total put value of 10,000,000 Combined total value = 48,044,375,000
Strike 345 has a total call value of 53,728,125,000 versus a total put value of 5,000,000 Combined total value = 53,733,125,000
Strike 350 has a total call value of 59,421,875,000 versus a total put value of 0 Combined total value = 59,421,875,000
Strike 355 has a total call value of 66,367,500,000 versus a total put value of 0 Combined total value = 66,367,500,000
Strike 360 has a total call value of 73,313,125,000 versus a total put value of 0 Combined total value = 73,313,125,000
Strike 365 has a total call value of 80,477,500,000 versus a total put value of 0 Combined total value = 80,477,500,000
Strike 370 has a total call value of 87,642,500,000 versus a total put value of 0 Combined total value = 87,642,500,000
Strike 375 has a total call value of 94,999,375,000 versus a total put value of 0 Combined total value = 94,999,375,000
Strike 380 has a total call value of 102,370,625,000 versus a total put value of 0 Combined total value = 102,370,625,000
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.
