NATURALGAS
Natural Gas
Max pain for NATURALGAS
07 Apr 2025 11:29 PM IST
Max Pain for NATURALGAS is 335
Strike 200 has a total call value of 0 versus a total put value of 532,966,250,000 Combined total value = 532,966,250,000
Strike 205 has a total call value of 0 versus a total put value of 508,103,750,000 Combined total value = 508,103,750,000
Strike 210 has a total call value of 0 versus a total put value of 483,241,250,000 Combined total value = 483,241,250,000
Strike 215 has a total call value of 0 versus a total put value of 458,658,750,000 Combined total value = 458,658,750,000
Strike 220 has a total call value of 0 versus a total put value of 434,076,250,000 Combined total value = 434,076,250,000
Strike 225 has a total call value of 0 versus a total put value of 409,535,625,000 Combined total value = 409,535,625,000
Strike 230 has a total call value of 0 versus a total put value of 384,995,000,000 Combined total value = 384,995,000,000
Strike 235 has a total call value of 0 versus a total put value of 360,468,750,000 Combined total value = 360,468,750,000
Strike 240 has a total call value of 0 versus a total put value of 335,942,500,000 Combined total value = 335,942,500,000
Strike 245 has a total call value of 0 versus a total put value of 311,846,875,000 Combined total value = 311,846,875,000
Strike 250 has a total call value of 0 versus a total put value of 287,764,375,000 Combined total value = 287,764,375,000
Strike 255 has a total call value of 0 versus a total put value of 265,535,625,000 Combined total value = 265,535,625,000
Strike 260 has a total call value of 0 versus a total put value of 243,373,750,000 Combined total value = 243,373,750,000
Strike 265 has a total call value of 0 versus a total put value of 222,132,500,000 Combined total value = 222,132,500,000
Strike 270 has a total call value of 0 versus a total put value of 200,989,375,000 Combined total value = 200,989,375,000
Strike 275 has a total call value of 0 versus a total put value of 181,212,500,000 Combined total value = 181,212,500,000
Strike 280 has a total call value of 0 versus a total put value of 161,768,750,000 Combined total value = 161,768,750,000
Strike 285 has a total call value of 0 versus a total put value of 143,434,375,000 Combined total value = 143,434,375,000
Strike 290 has a total call value of 0 versus a total put value of 125,456,250,000 Combined total value = 125,456,250,000
Strike 295 has a total call value of 2,500,000 versus a total put value of 108,280,625,000 Combined total value = 108,283,125,000
Strike 300 has a total call value of 11,250,000 versus a total put value of 91,397,500,000 Combined total value = 91,408,750,000
Strike 305 has a total call value of 663,125,000 versus a total put value of 77,801,250,000 Combined total value = 78,464,375,000
Strike 310 has a total call value of 1,323,125,000 versus a total put value of 64,520,625,000 Combined total value = 65,843,750,000
Strike 315 has a total call value of 2,169,375,000 versus a total put value of 52,495,625,000 Combined total value = 54,665,000,000
Strike 320 has a total call value of 3,123,125,000 versus a total put value of 40,971,250,000 Combined total value = 44,094,375,000
Strike 325 has a total call value of 5,657,500,000 versus a total put value of 31,465,000,000 Combined total value = 37,122,500,000
Strike 330 has a total call value of 8,836,875,000 versus a total put value of 22,906,875,000 Combined total value = 31,743,750,000
Strike 335 has a total call value of 14,869,375,000 versus a total put value of 16,574,375,000 Combined total value = 31,443,750,000
Strike 340 has a total call value of 21,691,875,000 versus a total put value of 11,010,000,000 Combined total value = 32,701,875,000
Strike 345 has a total call value of 30,594,375,000 versus a total put value of 6,937,500,000 Combined total value = 37,531,875,000
Strike 350 has a total call value of 40,338,125,000 versus a total put value of 3,922,500,000 Combined total value = 44,260,625,000
Strike 355 has a total call value of 53,166,875,000 versus a total put value of 2,466,250,000 Combined total value = 55,633,125,000
Strike 360 has a total call value of 67,291,250,000 versus a total put value of 1,319,375,000 Combined total value = 68,610,625,000
Strike 365 has a total call value of 84,024,375,000 versus a total put value of 947,500,000 Combined total value = 84,971,875,000
Strike 370 has a total call value of 101,545,625,000 versus a total put value of 626,875,000 Combined total value = 102,172,500,000
Strike 375 has a total call value of 121,118,750,000 versus a total put value of 422,500,000 Combined total value = 121,541,250,000
Strike 380 has a total call value of 141,221,875,000 versus a total put value of 250,000,000 Combined total value = 141,471,875,000
Strike 385 has a total call value of 164,158,125,000 versus a total put value of 169,375,000 Combined total value = 164,327,500,000
Strike 390 has a total call value of 187,866,250,000 versus a total put value of 88,750,000 Combined total value = 187,955,000,000
Strike 395 has a total call value of 212,774,375,000 versus a total put value of 44,375,000 Combined total value = 212,818,750,000
Strike 400 has a total call value of 238,220,625,000 versus a total put value of 0 Combined total value = 238,220,625,000
Strike 405 has a total call value of 266,882,500,000 versus a total put value of 0 Combined total value = 266,882,500,000
Strike 410 has a total call value of 296,068,750,000 versus a total put value of 0 Combined total value = 296,068,750,000
Strike 415 has a total call value of 326,612,500,000 versus a total put value of 0 Combined total value = 326,612,500,000
Strike 420 has a total call value of 357,662,500,000 versus a total put value of 0 Combined total value = 357,662,500,000
Strike 425 has a total call value of 389,933,125,000 versus a total put value of 0 Combined total value = 389,933,125,000
Strike 430 has a total call value of 422,308,125,000 versus a total put value of 0 Combined total value = 422,308,125,000
Strike 435 has a total call value of 455,366,875,000 versus a total put value of 0 Combined total value = 455,366,875,000
Strike 440 has a total call value of 488,471,250,000 versus a total put value of 0 Combined total value = 488,471,250,000
Strike 445 has a total call value of 522,123,750,000 versus a total put value of 0 Combined total value = 522,123,750,000
Strike 450 has a total call value of 555,791,875,000 versus a total put value of 0 Combined total value = 555,791,875,000
Strike 455 has a total call value of 590,068,750,000 versus a total put value of 0 Combined total value = 590,068,750,000
Strike 460 has a total call value of 624,361,875,000 versus a total put value of 0 Combined total value = 624,361,875,000
Strike 465 has a total call value of 658,926,875,000 versus a total put value of 0 Combined total value = 658,926,875,000
Strike 470 has a total call value of 693,496,250,000 versus a total put value of 0 Combined total value = 693,496,250,000
Strike 475 has a total call value of 729,013,750,000 versus a total put value of 0 Combined total value = 729,013,750,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 355.1 | 390 |
| ABB | 4963.55 | 5300 |
| ABCAPITAL | 179.34 | 190 |
| ABFRL | 245.2 | 255 |
| ACC | 1929.1 | 1980 |
| ADANIENSOL | 815.05 | 840 |
| ADANIENT | 2212.7 | 2440 |
| ADANIGREEN | 873.3 | 940 |
| ADANIPORTS | 1110.65 | 1180 |
| ALKEM | 4700.5 | 4900 |
| AMBUJACEM | 525.2 | 540 |
| ANGELONE | 2130.45 | 2250 |
| APLAPOLLO | 1440 | 1500 |
| APOLLOHOSP | 6683.3 | 6650 |
| APOLLOTYRE | 397.45 | 420 |
| ASHOKLEY | 197.59 | 207.5 |
| ASIANPAINT | 2341.35 | 2340 |
| ASTRAL | 1287.7 | 1320 |
| ATGL | 569.7 | 600 |
| AUBANK | 541.7 | 550 |
| AUROPHARMA | 1094.05 | 1160 |
| AXISBANK | 1047.95 | 1060 |
| BAJAJ-AUTO | 7306.8 | 7800 |
| BAJAJFINSV | 1852.65 | 1920 |
| BAJFINANCE | 8568 | 8700 |
| BALKRISIND | 2273.2 | 2460 |
| BANDHANBNK | 144.96 | 150 |
| BANKBARODA | 229.36 | 235 |
| BANKINDIA | 105.77 | 110 |
| BEL | 272.1 | 285 |
| BERGEPAINT | 511.95 | 500 |
| BHARATFORG | 951.6 | 1040 |
| BHARTIARTL | 1686.65 | 1720 |
| BHEL | 207.7 | 215 |
| BIOCON | 307.5 | 335 |
| BOSCHLTD | 26588.25 | 27750 |
| BPCL | 273.7 | 280 |
| BRITANNIA | 5055.85 | 5000 |
| BSE | 5182.45 | 5200 |
| BSOFT | 347.1 | 380 |
| CAMS | 3528.85 | 3700 |
| CANBK | 87.1 | 90 |
| CDSL | 1143.8 | 1200 |
| CESC | 149.46 | 152.5 |
| CGPOWER | 540.5 | 580 |
| CHAMBLFERT | 612.8 | 610 |
| CHOLAFIN | 1386.1 | 1460 |
| CIPLA | 1384.7 | 1440 |
| COALINDIA | 377.5 | 400 |
| COFORGE | 6340.7 | 6900 |
| COLPAL | 2388.25 | 2400 |
| CONCOR | 649.25 | 700 |
| CROMPTON | 330.3 | 340 |
| CUMMINSIND | 2711.25 | 3000 |
| CYIENT | 1121.2 | 1200 |
| DABUR | 451.4 | 470 |
| DALBHARAT | 1786.25 | 1800 |
| DEEPAKNTR | 1823.7 | 1900 |
| DELHIVERY | 268.35 | 260 |
| DIVISLAB | 5258.95 | 5600 |
| DIXON | 12556.05 | 13500 |
| DLF | 608.05 | 660 |
| DMART | 4023.15 | 4050 |
| DRREDDY | 1087.9 | 1130 |
| EICHERMOT | 5065.25 | 5300 |
| ESCORTS | 3050.75 | 3200 |
| EXIDEIND | 353.4 | 370 |
| FEDERALBNK | 190.81 | 195 |
| GAIL | 169.03 | 180 |
| GLENMARK | 1442.2 | 1500 |
| GMRAIRPORT | 82.22 | 80 |
| GODREJCP | 1160.1 | 1160 |
| GODREJPROP | 1927.15 | 2050 |
| GOLDM | 88250 | 88000 |
| GRANULES | 436.9 | 490 |
| GRASIM | 2509.1 | 2580 |
| HAL | 4008.2 | 4200 |
| HAVELLS | 1456.1 | 1500 |
| HCLTECH | 1374.1 | 1480 |
| HDFCAMC | 3732.1 | 3900 |
| HDFCBANK | 1757.7 | 1800 |
| HDFCLIFE | 665.95 | 680 |
| HEROMOTOCO | 3526.9 | 3700 |
| HFCL | 74.34 | 80 |
| HINDALCO | 561.8 | 620 |
| HINDCOPPER | 188 | 215 |
| HINDPETRO | 352.8 | 360 |
| HINDUNILVR | 2249.4 | 2260 |
| HINDZINC | 406.75 | 430 |
| HUDCO | 194.89 | 200 |
| ICICIBANK | 1287.55 | 1320 |
| ICICIGI | 1744.4 | 1800 |
| ICICIPRULI | 536.9 | 560 |
| IDEA | 7.36 | 8 |
| IDFCFIRSTB | 56.49 | 58 |
| IEX | 173.8 | 180 |
| IGL | 187.82 | 195 |
| IIFL | 327.15 | 330 |
| INDHOTEL | 751.95 | 800 |
| INDIANB | 539.45 | 550 |
| INDIGO | 4988.7 | 5000 |
| INDUSINDBK | 675.9 | 700 |
| INDUSTOWER | 356 | 355 |
| INFY | 1396.75 | 1500 |
| INOXWIND | 140.88 | 150 |
| IOC | 128.09 | 130 |
| IRB | 43.19 | 45 |
| IRCTC | 697.4 | 720 |
| IREDA | 149.6 | 150 |
| IRFC | 122.42 | 125 |
| ITC | 406.05 | 410 |
| JINDALSTEL | 791.05 | 900 |
| JIOFIN | 213.52 | 230 |
| JSL | 516.65 | 580 |
| JSWENERGY | 488.4 | 520 |
| JSWSTEEL | 930.3 | 990 |
| JUBLFOOD | 669.65 | 680 |
| KALYANKJIL | 486.3 | 490 |
| KEI | 2509.75 | 2700 |
| KOTAKBANK | 2037.85 | 2100 |
| KPITTECH | 1065.3 | 1160 |
| LAURUSLABS | 561.25 | 590 |
| LICHSGFIN | 543.75 | 560 |
| LICI | 767.2 | 800 |
| LODHA | 1106.6 | 1140 |
| LT | 3068.5 | 3350 |
| LTF | 148.57 | 152.5 |
| LTIM | 4057.15 | 4300 |
| LUPIN | 1923.05 | 2000 |
| M&M | 2491.25 | 2700 |
| M&MFIN | 252.7 | 270 |
| MANAPPURAM | 225.6 | 230 |
| MARICO | 662.65 | 650 |
| MARUTI | 11329.75 | 11400 |
| MAXHEALTH | 1075.5 | 1120 |
| MCX | 4989.6 | 5300 |
| MFSL | 1128.45 | 1140 |
| MGL | 1305.25 | 1360 |
| MOTHERSON | 114.38 | 122.5 |
| MPHASIS | 2102.2 | 2220 |
| MRF | 110385.5 | 113000 |
| MUTHOOTFIN | 2254.3 | 2300 |
| NATIONALUM | 144.69 | 170 |
| NAUKRI | 6374.8 | 6700 |
| NBCC | 79.46 | 82.5 |
| NCC | 197.39 | 210 |
| NESTLEIND | 2249 | 2240 |
| NHPC | 82.58 | 84 |
| NMDC | 61.3 | 68 |
| NTPC | 349.8 | 355 |
| NYKAA | 171.3 | 175 |
| OBEROIRLTY | 1483.25 | 1600 |
| OFSS | 7294.15 | 7600 |
| OIL | 343.25 | 370 |
| ONGC | 219.84 | 235 |
| PAGEIND | 41304.45 | 42500 |
| PATANJALI | 1775.45 | 1800 |
| PAYTM | 790.55 | 800 |
| PEL | 954.8 | 960 |
| PERSISTENT | 4573.55 | 4800 |
| PETRONET | 275.85 | 290 |
| PFC | 395.05 | 420 |
| PHOENIXLTD | 1548.3 | 1600 |
| PIDILITIND | 2848.75 | 2860 |
| PIIND | 3242.05 | 3400 |
| PNB | 94.92 | 97 |
| PNBHOUSING | 923.65 | 900 |
| POLICYBZR | 1445.65 | 1540 |
| POLYCAB | 4934.6 | 5000 |
| POONAWALLA | 345.6 | 345 |
| POWERGRID | 289.4 | 295 |
| PRESTIGE | 1060.3 | 1150 |
| RAMCOCEM | 921.15 | 920 |
| RBLBANK | 169.76 | 175 |
| RECLTD | 384.35 | 420 |
| RELIANCE | 1165.7 | 1240 |
| SAIL | 104.63 | 115 |
| SBICARD | 812.05 | 850 |
| SBILIFE | 1460.8 | 1540 |
| SBIN | 746.9 | 780 |
| SHREECEM | 29751.55 | 30500 |
| SHRIRAMFIN | 614 | 640 |
| SIEMENS | 2812.45 | 3000 |
| SILVER | 88555 | 95000 |
| SJVN | 88.91 | 92 |
| SOLARINDS | 10645.25 | 11000 |
| SONACOMS | 406.6 | 440 |
| SRF | 2715.2 | 2860 |
| SUNPHARMA | 1666.35 | 1720 |
| SUPREMEIND | 3112.4 | 3300 |
| SYNGENE | 697.1 | 720 |
| TATACHEM | 800.5 | 850 |
| TATACOMM | 1549.85 | 1600 |
| TATACONSUM | 1047.35 | 1050 |
| TATAELXSI | 4808.3 | 5000 |
| TATAMOTORS | 579.75 | 630 |
| TATAPOWER | 354.85 | 385 |
| TATASTEEL | 129.48 | 145 |
| TATATECH | 608.4 | 650 |
| TCS | 3274.05 | 3450 |
| TECHM | 1288 | 1380 |
| TIINDIA | 2578.95 | 2700 |
| TITAGARH | 748.7 | 780 |
| TITAN | 3022.2 | 3100 |
| TORNTPHARM | 3233.55 | 3250 |
| TORNTPOWER | 1496.7 | 1500 |
| TRENT | 4740.95 | 5100 |
| TVSMOTOR | 2368.15 | 2440 |
| ULTRACEMCO | 11191.6 | 11300 |
| UNIONBANK | 117.93 | 122 |
| UNITDSPR | 1403.8 | 1400 |
| UPL | 614.45 | 640 |
| VBL | 519.6 | 530 |
| VEDL | 374.05 | 420 |
| VOLTAS | 1294.95 | 1360 |
| WIPRO | 242.9 | 255 |
| YESBANK | 16.85 | 17 |
| ZOMATO | 209.63 | 210 |
| ZYDUSLIFE | 837.6 | 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:
- 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.
