OFSS
Oracle Fin Serv Soft Ltd.
Max pain for OFSS
21 Nov 2024 02:23 PM IST
Max Pain for OFSS is 11500
Strike 9000 has a total call value of 0 versus a total put value of 60,735,000,000 Combined total value = 60,735,000,000
Strike 9250 has a total call value of 0 versus a total put value of 52,527,500,000 Combined total value = 52,527,500,000
Strike 9500 has a total call value of 0 versus a total put value of 44,320,000,000 Combined total value = 44,320,000,000
Strike 9750 has a total call value of 0 versus a total put value of 36,340,000,000 Combined total value = 36,340,000,000
Strike 10000 has a total call value of 0 versus a total put value of 28,465,000,000 Combined total value = 28,465,000,000
Strike 10250 has a total call value of 15,000,000 versus a total put value of 21,736,250,000 Combined total value = 21,751,250,000
Strike 10500 has a total call value of 40,000,000 versus a total put value of 15,295,000,000 Combined total value = 15,335,000,000
Strike 10750 has a total call value of 211,250,000 versus a total put value of 10,255,000,000 Combined total value = 10,466,250,000
Strike 11000 has a total call value of 436,250,000 versus a total put value of 6,140,000,000 Combined total value = 6,576,250,000
Strike 11250 has a total call value of 1,521,250,000 versus a total put value of 3,600,000,000 Combined total value = 5,121,250,000
Strike 11500 has a total call value of 3,225,000,000 versus a total put value of 1,485,000,000 Combined total value = 4,710,000,000
Strike 11750 has a total call value of 6,720,000,000 versus a total put value of 568,750,000 Combined total value = 7,288,750,000
Strike 12000 has a total call value of 11,241,250,000 versus a total put value of 76,250,000 Combined total value = 11,317,500,000
Strike 12250 has a total call value of 18,781,250,000 versus a total put value of 0 Combined total value = 18,781,250,000
Strike 12500 has a total call value of 27,072,500,000 versus a total put value of 0 Combined total value = 27,072,500,000
Strike 12750 has a total call value of 36,535,000,000 versus a total put value of 0 Combined total value = 36,535,000,000
Strike 12800 has a total call value of 38,498,250,000 versus a total put value of 0 Combined total value = 38,498,250,000
Strike 13000 has a total call value of 46,429,250,000 versus a total put value of 0 Combined total value = 46,429,250,000
Strike 13250 has a total call value of 57,030,500,000 versus a total put value of 0 Combined total value = 57,030,500,000
Strike 13500 has a total call value of 67,631,750,000 versus a total put value of 0 Combined total value = 67,631,750,000
Strike 13750 has a total call value of 78,785,500,000 versus a total put value of 0 Combined total value = 78,785,500,000
Strike 14000 has a total call value of 89,939,250,000 versus a total put value of 0 Combined total value = 89,939,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.95 | 470 |
| ABB | 6762 | 7000 |
| ABBOTINDIA | 27048.2 | 28000 |
| ABCAPITAL | 184.19 | 200 |
| ABFRL | 284.95 | 300 |
| ACC | 2044 | 2220 |
| ADANIENT | 2297.85 | 2620 |
| ADANIPORTS | 1142 | 1200 |
| ALKEM | 5587.55 | 5500 |
| AMBUJACEM | 496.6 | 540 |
| APOLLOHOSP | 6719.8 | 6900 |
| APOLLOTYRE | 483.75 | 480 |
| ASHOKLEY | 217.65 | 220 |
| ASIANPAINT | 2428.05 | 2540 |
| ASTRAL | 1713.6 | 1780 |
| ATUL | 7254.2 | 7500 |
| AUBANK | 594.15 | 590 |
| AUROPHARMA | 1219.45 | 1300 |
| AXISBANK | 1141.6 | 1150 |
| BAJAJ-AUTO | 9479.4 | 9700 |
| BAJAJFINSV | 1573.65 | 1620 |
| BAJFINANCE | 6478.15 | 6700 |
| BALKRISIND | 2741.1 | 2800 |
| BANDHANBNK | 166.8 | 180 |
| BANKBARODA | 229.7 | 240 |
| BATAINDIA | 1280.25 | 1310 |
| BEL | 274.7 | 285 |
| BERGEPAINT | 466.4 | 495 |
| BHARATFORG | 1298.4 | 1340 |
| BHARTIARTL | 1521.15 | 1540 |
| BHEL | 227.8 | 235 |
| BIOCON | 324.6 | 330 |
| BOSCHLTD | 34070 | 34000 |
| BPCL | 282.45 | 300 |
| BRITANNIA | 4765 | 5000 |
| BSOFT | 545.15 | 560 |
| CANBK | 94.95 | 100 |
| CANFINHOME | 822.35 | 830 |
| CHAMBLFERT | 459.9 | 480 |
| CHOLAFIN | 1210.05 | 1240 |
| CIPLA | 1460.2 | 1520 |
| COALINDIA | 404.65 | 425 |
| COFORGE | 8209.55 | 8000 |
| COLPAL | 2687 | 2800 |
| CONCOR | 768.95 | 810 |
| COROMANDEL | 1777.95 | 1720 |
| CROMPTON | 381.3 | 390 |
| CUB | 170.59 | 175 |
| CUMMINSIND | 3294.2 | 3400 |
| DABUR | 503.65 | 525 |
| DALBHARAT | 1779.25 | 1760 |
| DEEPAKNTR | 2627.65 | 2650 |
| DIVISLAB | 5953.25 | 5900 |
| DIXON | 15038.75 | 14750 |
| DLF | 778.2 | 780 |
| DRREDDY | 1192.45 | 1220 |
| EICHERMOT | 4887.9 | 4900 |
| ESCORTS | 3451.45 | 3600 |
| EXIDEIND | 416.1 | 440 |
| FEDERALBNK | 211.04 | 205 |
| GAIL | 188.59 | 197.5 |
| GLENMARK | 1464.1 | 1520 |
| GMRINFRA | 77.2 | 82 |
| GNFC | 557.85 | 570 |
| GODREJCP | 1180.6 | 1200 |
| GODREJPROP | 2713.15 | 2750 |
| GRANULES | 546.6 | 580 |
| GRASIM | 2549.65 | 2540 |
| GUJGASLTD | 454.05 | 480 |
| HAL | 3993.6 | 4200 |
| HAVELLS | 1633.2 | 1640 |
| HCLTECH | 1833 | 1820 |
| HDFCAMC | 4217.35 | 4300 |
| HDFCBANK | 1742.75 | 1740 |
| HDFCLIFE | 674.85 | 680 |
| HEROMOTOCO | 4751.75 | 4800 |
| HINDALCO | 645.7 | 650 |
| HINDCOPPER | 263.4 | 290 |
| HINDPETRO | 360.05 | 375 |
| HINDUNILVR | 2379.8 | 2480 |
| ICICIBANK | 1252.65 | 1260 |
| ICICIGI | 1815 | 1880 |
| ICICIPRULI | 681.2 | 690 |
| IDEA | 6.96 | 8 |
| IDFCFIRSTB | 63.25 | 66 |
| IEX | 161.34 | 170 |
| IGL | 312.25 | 330 |
| INDHOTEL | 791.15 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4060.05 | 4000 |
| INDUSINDBK | 975.75 | 1040 |
| INDUSTOWER | 330.5 | 340 |
| INFY | 1827.9 | 1800 |
| IOC | 131.1 | 140 |
| IPCALAB | 1569.4 | 1560 |
| IRCTC | 796.25 | 820 |
| ITC | 456.1 | 475 |
| JINDALSTEL | 874.15 | 900 |
| JKCEMENT | 4012.7 | 4000 |
| JSWSTEEL | 941.7 | 960 |
| JUBLFOOD | 610.5 | 620 |
| KOTAKBANK | 1736.7 | 1760 |
| LALPATHLAB | 3028.85 | 3100 |
| LAURUSLABS | 489.2 | 490 |
| LICHSGFIN | 612.1 | 630 |
| LT | 3489.8 | 3600 |
| LTF | 138.12 | 140 |
| LTIM | 5919.3 | 5900 |
| LTTS | 5185 | 5150 |
| LUPIN | 2040.05 | 2100 |
| M&M | 2938.1 | 2900 |
| M&MFIN | 257.25 | 265 |
| MANAPPURAM | 150.91 | 155 |
| MARICO | 590.4 | 600 |
| MARUTI | 10909.05 | 11000 |
| MCX | 6179.2 | 6200 |
| METROPOLIS | 2015 | 2060 |
| MFSL | 1173.8 | 1200 |
| MGL | 1118.3 | 1160 |
| MOTHERSON | 161.8 | 175 |
| MPHASIS | 2778.8 | 2850 |
| MRF | 123348.95 | 122500 |
| MUTHOOTFIN | 1908 | 1880 |
| NATIONALUM | 247.82 | 240 |
| NAUKRI | 7542.65 | 7700 |
| NAVINFLUOR | 3271 | 3400 |
| NESTLEIND | 2201.5 | 2280 |
| NMDC | 218.42 | 225 |
| NTPC | 355.75 | 370 |
| OBEROIRLTY | 1935.1 | 1960 |
| OFSS | 11144.4 | 11500 |
| ONGC | 241.8 | 250 |
| PAGEIND | 44589.7 | 45500 |
| PEL | 1053.7 | 1060 |
| PERSISTENT | 5729.3 | 5600 |
| PETRONET | 320.85 | 328 |
| PFC | 453.25 | 460 |
| PIDILITIND | 2943.9 | 3060 |
| PIIND | 4137.9 | 4200 |
| PNB | 96.96 | 102 |
| POLYCAB | 6419.45 | 6500 |
| POWERGRID | 322.4 | 320 |
| PVRINOX | 1444.55 | 1500 |
| RAMCOCEM | 915.8 | 900 |
| RBLBANK | 157.88 | 160 |
| RECLTD | 490.5 | 510 |
| RELIANCE | 1220 | 1290 |
| SAIL | 111.22 | 117.5 |
| SBICARD | 674.65 | 690 |
| SBILIFE | 1482.35 | 1520 |
| SBIN | 782.25 | 800 |
| SHREECEM | 24214.35 | 24500 |
| SHRIRAMFIN | 2807.6 | 2900 |
| SIEMENS | 6685.95 | 6800 |
| SRF | 2158.2 | 2260 |
| SUNPHARMA | 1767 | 1800 |
| SUNTV | 729.6 | 730 |
| SYNGENE | 844.9 | 870 |
| TATACHEM | 1057.2 | 1100 |
| TATACOMM | 1712.1 | 1780 |
| TATACONSUM | 911.6 | 950 |
| TATAMOTORS | 775.4 | 800 |
| TATAPOWER | 410.4 | 420 |
| TATASTEEL | 140.31 | 145 |
| TCS | 4059.95 | 4100 |
| TECHM | 1698.15 | 1680 |
| TITAN | 3172.9 | 3200 |
| TORNTPHARM | 3096.85 | 3150 |
| TRENT | 6427.25 | 6600 |
| TVSMOTOR | 2397.8 | 2450 |
| UBL | 1818.95 | 1880 |
| ULTRACEMCO | 10950.2 | 11000 |
| UNITDSPR | 1491.2 | 1480 |
| UPL | 564.2 | 540 |
| VEDL | 442.7 | 460 |
| VOLTAS | 1672.85 | 1700 |
| WIPRO | 556.75 | 560 |
| ZYDUSLIFE | 942.25 | 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.
