OFSS
Oracle Fin Serv Soft Ltd.
Max pain for OFSS
23 Jan 2025 04:13 PM IST
Max Pain for OFSS is 10250
Strike 8500 has a total call value of 0 versus a total put value of 92,977,500,000 Combined total value = 92,977,500,000
Strike 8750 has a total call value of 0 versus a total put value of 78,765,000,000 Combined total value = 78,765,000,000
Strike 9000 has a total call value of 0 versus a total put value of 64,552,500,000 Combined total value = 64,552,500,000
Strike 9250 has a total call value of 36,250,000 versus a total put value of 52,306,250,000 Combined total value = 52,342,500,000
Strike 9500 has a total call value of 107,500,000 versus a total put value of 40,485,000,000 Combined total value = 40,592,500,000
Strike 9750 has a total call value of 673,750,000 versus a total put value of 32,211,250,000 Combined total value = 32,885,000,000
Strike 10000 has a total call value of 1,963,750,000 versus a total put value of 25,166,250,000 Combined total value = 27,130,000,000
Strike 10250 has a total call value of 5,733,750,000 versus a total put value of 20,665,000,000 Combined total value = 26,398,750,000
Strike 10500 has a total call value of 11,181,250,000 versus a total put value of 16,615,000,000 Combined total value = 27,796,250,000
Strike 10750 has a total call value of 20,868,750,000 versus a total put value of 13,382,500,000 Combined total value = 34,251,250,000
Strike 11000 has a total call value of 32,330,000,000 versus a total put value of 10,331,250,000 Combined total value = 42,661,250,000
Strike 11250 has a total call value of 46,732,500,000 versus a total put value of 7,781,250,000 Combined total value = 54,513,750,000
Strike 11500 has a total call value of 62,581,250,000 versus a total put value of 5,316,250,000 Combined total value = 67,897,500,000
Strike 11750 has a total call value of 81,201,250,000 versus a total put value of 3,648,750,000 Combined total value = 84,850,000,000
Strike 12000 has a total call value of 100,613,750,000 versus a total put value of 2,238,750,000 Combined total value = 102,852,500,000
Strike 12250 has a total call value of 123,850,000,000 versus a total put value of 1,393,750,000 Combined total value = 125,243,750,000
Strike 12500 has a total call value of 148,098,750,000 versus a total put value of 548,750,000 Combined total value = 148,647,500,000
Strike 12750 has a total call value of 174,051,250,000 versus a total put value of 186,250,000 Combined total value = 174,237,500,000
Strike 13000 has a total call value of 200,921,250,000 versus a total put value of 0 Combined total value = 200,921,250,000
Strike 13250 has a total call value of 229,438,750,000 versus a total put value of 0 Combined total value = 229,438,750,000
Strike 13500 has a total call value of 258,080,000,000 versus a total put value of 0 Combined total value = 258,080,000,000
Strike 13750 has a total call value of 287,141,250,000 versus a total put value of 0 Combined total value = 287,141,250,000
Strike 14000 has a total call value of 316,310,000,000 versus a total put value of 0 Combined total value = 316,310,000,000
Strike 14250 has a total call value of 345,983,750,000 versus a total put value of 0 Combined total value = 345,983,750,000
Strike 14500 has a total call value of 375,657,500,000 versus a total put value of 0 Combined total value = 375,657,500,000
Strike 14750 has a total call value of 405,550,000,000 versus a total put value of 0 Combined total value = 405,550,000,000
Strike 15000 has a total call value of 435,442,500,000 versus a total put value of 0 Combined total value = 435,442,500,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 448.45 | 435 |
ABB | 6330.25 | 6400 |
ABBOTINDIA | 27849.8 | 28000 |
ABCAPITAL | 174.27 | 180 |
ABFRL | 282.7 | 280 |
ACC | 2045.2 | 2080 |
ADANIENSOL | 808.8 | 800 |
ADANIENT | 2385 | 2400 |
ADANIGREEN | 1030.25 | 1020 |
ADANIPORTS | 1104 | 1160 |
ALKEM | 5183.5 | 5300 |
AMBUJACEM | 548.8 | 550 |
ANGELONE | 2431.45 | 2500 |
APLAPOLLO | 1582.85 | 1560 |
APOLLOHOSP | 6920.85 | 6900 |
APOLLOTYRE | 438.9 | 460 |
ASHOKLEY | 207.74 | 210 |
ASIANPAINT | 2276.35 | 2300 |
ASTRAL | 1495.5 | 1560 |
ATGL | 658.25 | 670 |
ATUL | 6748.8 | 6900 |
AUBANK | 582.4 | 580 |
AUROPHARMA | 1244.8 | 1240 |
AXISBANK | 951.05 | 990 |
BAJAJ-AUTO | 8399.95 | 8700 |
BAJAJFINSV | 1746.15 | 1700 |
BAJFINANCE | 7443.25 | 7300 |
BALKRISIND | 2728.9 | 2780 |
BANDHANBNK | 151.14 | 160 |
BANKBARODA | 229.16 | 235 |
BANKINDIA | 99.71 | 100 |
BATAINDIA | 1300.9 | 1340 |
BEL | 273.95 | 280 |
BERGEPAINT | 480.35 | 465 |
BHARATFORG | 1227.75 | 1240 |
BHARTIARTL | 1636 | 1620 |
BHEL | 206.49 | 215 |
BIOCON | 397.3 | 385 |
BOSCHLTD | 30990.5 | 33000 |
BPCL | 271.25 | 275 |
BRITANNIA | 5012.6 | 4850 |
BSE | 5909.7 | 5600 |
BSOFT | 554.9 | 550 |
CAMS | 4159.25 | 4300 |
CANBK | 98.15 | 100 |
CANFINHOME | 690.95 | 700 |
CDSL | 1516.15 | 1600 |
CESC | 145.12 | 150 |
CGPOWER | 627.9 | 650 |
CHAMBLFERT | 509.3 | 500 |
CHOLAFIN | 1246.05 | 1260 |
CIPLA | 1451.15 | 1480 |
COALINDIA | 385.8 | 385 |
COFORGE | 9196.45 | 9000 |
COLPAL | 2738.95 | 2750 |
CONCOR | 772.25 | 780 |
COROMANDEL | 1848.7 | 1860 |
CROMPTON | 351.15 | 365 |
CUB | 170.25 | 170 |
CUMMINSIND | 2889.05 | 3000 |
CYIENT | 1755.25 | 1760 |
DABUR | 524.6 | 520 |
DALBHARAT | 1828.35 | 1780 |
DEEPAKNTR | 2369.3 | 2400 |
DELHIVERY | 326.95 | 330 |
DIVISLAB | 5850.95 | 5900 |
DIXON | 15463.6 | 16000 |
DLF | 715.05 | 750 |
DMART | 3598.35 | 3700 |
DRREDDY | 1289.4 | 1300 |
EICHERMOT | 5116.2 | 5000 |
ESCORTS | 3588.4 | 3450 |
EXIDEIND | 383.5 | 400 |
FEDERALBNK | 190.75 | 195 |
GAIL | 179.66 | 185 |
GLENMARK | 1510.95 | 1520 |
GMRAIRPORT | 73.5 | 78 |
GMRINFRA | 0 | 32 |
GNFC | 560.9 | 560 |
GODREJCP | 1145.2 | 1140 |
GODREJPROP | 2225.65 | 2400 |
GRANULES | 599.6 | 590 |
GRASIM | 2461.15 | 2460 |
GUJGASLTD | 503.25 | 500 |
HAL | 3922.55 | 4100 |
HAVELLS | 1595.3 | 1580 |
HCLTECH | 1807 | 1820 |
HDFCAMC | 4001.7 | 4000 |
HDFCBANK | 1664.9 | 1670 |
HDFCLIFE | 621 | 630 |
HEROMOTOCO | 4100.35 | 4150 |
HFCL | 101.03 | 102.5 |
HINDALCO | 608.25 | 600 |
HINDCOPPER | 246.05 | 250 |
HINDPETRO | 362.1 | 370 |
HINDUNILVR | 2321.7 | 2360 |
HUDCO | 221.48 | 220 |
ICICIBANK | 1201.75 | 1240 |
ICICIGI | 1834.1 | 1900 |
ICICIPRULI | 594.7 | 600 |
IDEA | 9.51 | 9 |
IDFCFIRSTB | 63.11 | 63 |
IEX | 167.45 | 172.5 |
IGL | 391.6 | 400 |
INDHOTEL | 775.1 | 790 |
INDIAMART | 2086.55 | 2160 |
INDIANB | 516.7 | 520 |
INDIGO | 4134.8 | 4200 |
INDUSINDBK | 970.95 | 980 |
INDUSTOWER | 366.6 | 350 |
INFY | 1865.45 | 1880 |
IOC | 129.83 | 132.5 |
IPCALAB | 1583.55 | 1580 |
IRB | 52.94 | 55 |
IRCTC | 795.2 | 800 |
IRFC | 141.37 | 137.5 |
ITC | 440.2 | 445 |
JINDALSTEL | 893 | 920 |
JIOFIN | 255.85 | 270 |
JKCEMENT | 4789.05 | 4600 |
JSL | 639.75 | 640 |
JSWENERGY | 552.1 | 580 |
JSWSTEEL | 929.9 | 930 |
JUBLFOOD | 687.7 | 700 |
KALYANKJIL | 478.15 | 580 |
KEI | 4480.6 | 4300 |
KOTAKBANK | 1894.85 | 1860 |
KPITTECH | 1344.7 | 1380 |
LALPATHLAB | 2877.65 | 2900 |
LAURUSLABS | 585.15 | 580 |
LICHSGFIN | 579.95 | 580 |
LICI | 837.25 | 860 |
LODHA | 1082.3 | 1140 |
LT | 3503.25 | 3600 |
LTF | 139.93 | 140 |
LTIM | 6002.05 | 5900 |
LTTS | 5453.15 | 5250 |
LUPIN | 2151.2 | 2180 |
M&M | 2886.45 | 2950 |
M&MFIN | 275.45 | 275 |
MANAPPURAM | 196.85 | 185 |
MARICO | 667.9 | 660 |
MARUTI | 12045.75 | 11700 |
MAXHEALTH | 1082.85 | 1100 |
MCX | 5860 | 5900 |
METROPOLIS | 1870.7 | 1940 |
MFSL | 1056.4 | 1060 |
MGL | 1312.9 | 1280 |
MOTHERSON | 144.97 | 150 |
MPHASIS | 2918.95 | 2900 |
MRF | 111739.5 | 115000 |
MUTHOOTFIN | 2195.1 | 2180 |
NATIONALUM | 205.8 | 210 |
NAUKRI | 7535.5 | 7700 |
NAVINFLUOR | 3772.45 | 3700 |
NCC | 247.2 | 250 |
NESTLEIND | 2198.95 | 2200 |
NHPC | 78.46 | 79 |
NMDC | 68.09 | 68 |
NTPC | 323.65 | 325 |
NYKAA | 170.31 | 167.5 |
OBEROIRLTY | 1821.9 | 1860 |
OFSS | 10056.7 | 10250 |
OIL | 451.3 | 470 |
ONGC | 263.05 | 260 |
PAGEIND | 46768.75 | 46500 |
PAYTM | 849.1 | 880 |
PEL | 1006.4 | 1080 |
PERSISTENT | 6287.7 | 6100 |
PETRONET | 330.65 | 335 |
PFC | 421.25 | 440 |
PIDILITIND | 2909.65 | 2900 |
PIIND | 3526.65 | 3550 |
PNB | 99.43 | 100 |
POLICYBZR | 1686.8 | 1750 |
POLYCAB | 6250.9 | 6400 |
POONAWALLA | 332.8 | 320 |
POWERGRID | 294.35 | 305 |
PRESTIGE | 1342.6 | 1400 |
PVRINOX | 1092.8 | 1140 |
RAMCOCEM | 908.55 | 910 |
RBLBANK | 155.97 | 160 |
RECLTD | 463.75 | 490 |
RELIANCE | 1263.65 | 1260 |
SAIL | 109.14 | 112.5 |
SBICARD | 760 | 750 |
SBILIFE | 1449.85 | 1460 |
SBIN | 745.9 | 770 |
SHREECEM | 25926.8 | 25500 |
SHRIRAMFIN | 529.8 | 540 |
SIEMENS | 6067.85 | 6200 |
SJVN | 98.26 | 97.5 |
SONACOMS | 542.6 | 560 |
SRF | 2596.75 | 2560 |
SUNPHARMA | 1833.6 | 1800 |
SUNTV | 652.75 | 660 |
SUPREMEIND | 3967.65 | 4000 |
SYNGENE | 847 | 840 |
TATACHEM | 975.45 | 1000 |
TATACOMM | 1646.3 | 1700 |
TATACONSUM | 983.9 | 960 |
TATAELXSI | 6353.95 | 6300 |
TATAMOTORS | 752.5 | 770 |
TATAPOWER | 362.75 | 380 |
TATASTEEL | 130.37 | 134 |
TCS | 4145.45 | 4150 |
TECHM | 1713.4 | 1700 |
TIINDIA | 3363.7 | 3400 |
TITAN | 3398.55 | 3400 |
TORNTPHARM | 3263.75 | 3250 |
TRENT | 5733.6 | 6000 |
TVSMOTOR | 2300.1 | 2300 |
UBL | 2073.75 | 2040 |
ULTRACEMCO | 11420.9 | 11200 |
UNIONBANK | 109.7 | 110 |
UNITDSPR | 1500.65 | 1500 |
UPL | 557.85 | 540 |
VBL | 540.4 | 550 |
VEDL | 446.5 | 460 |
VOLTAS | 1497.65 | 1580 |
WIPRO | 317.7 | 310 |
YESBANK | 18.47 | 19 |
ZOMATO | 221.95 | 230 |
ZYDUSLIFE | 989.15 | 990 |
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.