OFSS
Oracle Fin Serv Soft Ltd.
Max pain for OFSS
21 May 2025 04:12 PM IST
Max Pain for OFSS is 8435
Strike 6735 has a total call value of 0 versus a total put value of 43,147,850,000 Combined total value = 43,147,850,000
Strike 6800 has a total call value of 0 versus a total put value of 41,054,850,000 Combined total value = 41,054,850,000
Strike 6835 has a total call value of 0 versus a total put value of 39,927,850,000 Combined total value = 39,927,850,000
Strike 6900 has a total call value of 0 versus a total put value of 37,834,850,000 Combined total value = 37,834,850,000
Strike 6935 has a total call value of 0 versus a total put value of 36,707,850,000 Combined total value = 36,707,850,000
Strike 7000 has a total call value of 0 versus a total put value of 34,614,850,000 Combined total value = 34,614,850,000
Strike 7035 has a total call value of 0 versus a total put value of 33,499,225,000 Combined total value = 33,499,225,000
Strike 7100 has a total call value of 0 versus a total put value of 31,436,775,000 Combined total value = 31,436,775,000
Strike 7135 has a total call value of 0 versus a total put value of 30,326,225,000 Combined total value = 30,326,225,000
Strike 7200 has a total call value of 0 versus a total put value of 28,332,350,000 Combined total value = 28,332,350,000
Strike 7235 has a total call value of 0 versus a total put value of 27,258,725,000 Combined total value = 27,258,725,000
Strike 7300 has a total call value of 13,650,000 versus a total put value of 25,348,375,000 Combined total value = 25,362,025,000
Strike 7335 has a total call value of 21,000,000 versus a total put value of 24,319,725,000 Combined total value = 24,340,725,000
Strike 7400 has a total call value of 34,650,000 versus a total put value of 22,460,400,000 Combined total value = 22,495,050,000
Strike 7435 has a total call value of 42,000,000 versus a total put value of 21,505,950,000 Combined total value = 21,547,950,000
Strike 7500 has a total call value of 55,650,000 versus a total put value of 19,772,725,000 Combined total value = 19,828,375,000
Strike 7535 has a total call value of 63,000,000 versus a total put value of 18,858,350,000 Combined total value = 18,921,350,000
Strike 7600 has a total call value of 76,650,000 versus a total put value of 17,194,675,000 Combined total value = 17,271,325,000
Strike 7635 has a total call value of 84,000,000 versus a total put value of 16,307,775,000 Combined total value = 16,391,775,000
Strike 7700 has a total call value of 97,650,000 versus a total put value of 14,678,550,000 Combined total value = 14,776,200,000
Strike 7735 has a total call value of 105,000,000 versus a total put value of 13,804,950,000 Combined total value = 13,909,950,000
Strike 7800 has a total call value of 197,950,000 versus a total put value of 12,291,750,000 Combined total value = 12,489,700,000
Strike 7835 has a total call value of 248,000,000 versus a total put value of 11,483,425,000 Combined total value = 11,731,425,000
Strike 7900 has a total call value of 340,950,000 versus a total put value of 10,021,250,000 Combined total value = 10,362,200,000
Strike 7935 has a total call value of 391,000,000 versus a total put value of 9,242,850,000 Combined total value = 9,633,850,000
Strike 8000 has a total call value of 505,725,000 versus a total put value of 7,850,225,000 Combined total value = 8,355,950,000
Strike 8035 has a total call value of 577,300,000 versus a total put value of 7,157,925,000 Combined total value = 7,735,225,000
Strike 8100 has a total call value of 737,525,000 versus a total put value of 5,920,650,000 Combined total value = 6,658,175,000
Strike 8135 has a total call value of 825,900,000 versus a total put value of 5,342,625,000 Combined total value = 6,168,525,000
Strike 8200 has a total call value of 1,058,925,000 versus a total put value of 4,337,725,000 Combined total value = 5,396,650,000
Strike 8235 has a total call value of 1,208,900,000 versus a total put value of 3,834,775,000 Combined total value = 5,043,675,000
Strike 8300 has a total call value of 1,530,975,000 versus a total put value of 3,032,025,000 Combined total value = 4,563,000,000
Strike 8335 has a total call value of 1,717,875,000 versus a total put value of 2,626,375,000 Combined total value = 4,344,250,000
Strike 8400 has a total call value of 2,153,375,000 versus a total put value of 1,916,900,000 Combined total value = 4,070,275,000
Strike 8435 has a total call value of 2,436,875,000 versus a total put value of 1,565,150,000 Combined total value = 4,002,025,000
Strike 8500 has a total call value of 3,095,975,000 versus a total put value of 997,375,000 Combined total value = 4,093,350,000
Strike 8535 has a total call value of 3,601,025,000 versus a total put value of 791,575,000 Combined total value = 4,392,600,000
Strike 8600 has a total call value of 4,667,350,000 versus a total put value of 495,500,000 Combined total value = 5,162,850,000
Strike 8635 has a total call value of 5,363,500,000 versus a total put value of 368,975,000 Combined total value = 5,732,475,000
Strike 8700 has a total call value of 6,803,575,000 versus a total put value of 177,550,000 Combined total value = 6,981,125,000
Strike 8735 has a total call value of 7,748,925,000 versus a total put value of 101,775,000 Combined total value = 7,850,700,000
Strike 8800 has a total call value of 9,999,875,000 versus a total put value of 61,800,000 Combined total value = 10,061,675,000
Strike 8835 has a total call value of 11,352,100,000 versus a total put value of 48,675,000 Combined total value = 11,400,775,000
Strike 8900 has a total call value of 13,956,650,000 versus a total put value of 24,300,000 Combined total value = 13,980,950,000
Strike 8935 has a total call value of 15,430,500,000 versus a total put value of 18,000,000 Combined total value = 15,448,500,000
Strike 9000 has a total call value of 18,367,525,000 versus a total put value of 6,300,000 Combined total value = 18,373,825,000
Strike 9035 has a total call value of 20,167,050,000 versus a total put value of 0 Combined total value = 20,167,050,000
Strike 9100 has a total call value of 23,578,575,000 versus a total put value of 0 Combined total value = 23,578,575,000
Strike 9135 has a total call value of 25,415,550,000 versus a total put value of 0 Combined total value = 25,415,550,000
Strike 9200 has a total call value of 28,876,800,000 versus a total put value of 0 Combined total value = 28,876,800,000
Strike 9235 has a total call value of 30,766,100,000 versus a total put value of 0 Combined total value = 30,766,100,000
Strike 9300 has a total call value of 34,474,025,000 versus a total put value of 0 Combined total value = 34,474,025,000
Strike 9335 has a total call value of 36,470,600,000 versus a total put value of 0 Combined total value = 36,470,600,000
Strike 9400 has a total call value of 40,209,725,000 versus a total put value of 0 Combined total value = 40,209,725,000
Strike 9435 has a total call value of 42,224,500,000 versus a total put value of 0 Combined total value = 42,224,500,000
Strike 9500 has a total call value of 46,002,300,000 versus a total put value of 0 Combined total value = 46,002,300,000
Strike 9535 has a total call value of 48,072,200,000 versus a total put value of 0 Combined total value = 48,072,200,000
Strike 9600 has a total call value of 52,109,350,000 versus a total put value of 0 Combined total value = 52,109,350,000
Strike 9635 has a total call value of 54,294,750,000 versus a total put value of 0 Combined total value = 54,294,750,000
Strike 9700 has a total call value of 58,353,350,000 versus a total put value of 0 Combined total value = 58,353,350,000
Strike 9735 has a total call value of 60,538,750,000 versus a total put value of 0 Combined total value = 60,538,750,000
Strike 9800 has a total call value of 64,597,350,000 versus a total put value of 0 Combined total value = 64,597,350,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 468.8 | 460 |
| ABB | 5886.5 | 5700 |
| ABCAPITAL | 221.46 | 210 |
| ABFRL | 268.95 | 275 |
| ACC | 1941.4 | 1920 |
| ADANIENSOL | 872.15 | 900 |
| ADANIENT | 2500.4 | 2500 |
| ADANIGREEN | 996.5 | 960 |
| ADANIPORTS | 1384.6 | 1340 |
| ALKEM | 5374 | 5300 |
| AMBUJACEM | 567.8 | 570 |
| ANGELONE | 2866.2 | 2650 |
| APLAPOLLO | 1814.4 | 1700 |
| APOLLOHOSP | 6984 | 6950 |
| APOLLOTYRE | 488.1 | 485 |
| ASHOKLEY | 244.61 | 232.5 |
| ASIANPAINT | 2312.4 | 2340 |
| ASTRAL | 1377.7 | 1380 |
| ATGL | 663.35 | 650 |
| AUBANK | 692.9 | 670 |
| AUROPHARMA | 1204.1 | 1220 |
| AXISBANK | 1197.8 | 1180 |
| BAJAJ-AUTO | 8687.5 | 8500 |
| BAJAJFINSV | 2037.3 | 2020 |
| BAJFINANCE | 9197.5 | 9100 |
| BALKRISIND | 2665.6 | 2700 |
| BANDHANBNK | 168.22 | 167.5 |
| BANKBARODA | 241.3 | 235 |
| BANKINDIA | 117.96 | 115 |
| BEL | 383 | 365 |
| BHARATFORG | 1229 | 1200 |
| BHARTIARTL | 1822.5 | 1820 |
| BHEL | 247.42 | 245 |
| BIOCON | 340.65 | 335 |
| BOSCHLTD | 31655 | 31000 |
| BPCL | 315.85 | 310 |
| BRITANNIA | 5493.5 | 5500 |
| BSE | 7305 | 7000 |
| BSOFT | 424 | 420 |
| CAMS | 3887.5 | 3850 |
| CANBK | 107.84 | 104 |
| CDSL | 1450.3 | 1400 |
| CESC | 171.92 | 165 |
| CGPOWER | 694 | 660 |
| CHAMBLFERT | 603.85 | 630 |
| CHOLAFIN | 1656 | 1600 |
| CIPLA | 1482.4 | 1500 |
| COALINDIA | 405.35 | 400 |
| COFORGE | 8266 | 7800 |
| COLPAL | 2659.3 | 2660 |
| CONCOR | 731.55 | 720 |
| CROMPTON | 349.05 | 345 |
| CUMMINSIND | 2980.9 | 2900 |
| CYIENT | 1304.6 | 1260 |
| DABUR | 481.75 | 480 |
| DALBHARAT | 2089.3 | 2000 |
| DEEPAKNTR | 2090.2 | 2060 |
| DELHIVERY | 348.1 | 340 |
| DIVISLAB | 6552 | 6400 |
| DIXON | 15612 | 16000 |
| DLF | 775.15 | 750 |
| DMART | 4112.7 | 4100 |
| DRREDDY | 1224.7 | 1200 |
| EICHERMOT | 5409 | 5500 |
| ESCORTS | 3514.4 | 3400 |
| ETERNAL | 229.97 | 230 |
| EXIDEIND | 384.8 | 380 |
| FEDERALBNK | 200.82 | 195 |
| GAIL | 190.64 | 190 |
| GLENMARK | 1440.1 | 1420 |
| GMRAIRPORT | 87.63 | 88 |
| GODREJCP | 1280 | 1270 |
| GODREJPROP | 2181 | 2200 |
| GRANULES | 517.9 | 500 |
| GRASIM | 2706.9 | 2720 |
| HAL | 5001.1 | 4850 |
| HAVELLS | 1577.2 | 1600 |
| HCLTECH | 1652 | 1600 |
| HDFCAMC | 4815.5 | 4650 |
| HDFCBANK | 1926.8 | 1920 |
| HDFCLIFE | 759.7 | 730 |
| HEROMOTOCO | 4263.8 | 4100 |
| HFCL | 85.13 | 85 |
| HINDALCO | 663 | 650 |
| HINDCOPPER | 229.47 | 230 |
| HINDPETRO | 404.9 | 400 |
| HINDUNILVR | 2363.9 | 2360 |
| HINDZINC | 442.05 | 440 |
| HUDCO | 229.34 | 225 |
| ICICIBANK | 1444.7 | 1440 |
| ICICIGI | 1878.1 | 1880 |
| ICICIPRULI | 618.15 | 610 |
| IDEA | 6.76 | 7 |
| IDFCFIRSTB | 66.67 | 67 |
| IEX | 199.18 | 197.5 |
| IGL | 207.56 | 200 |
| IIFL | 413.15 | 400 |
| INDHOTEL | 773.1 | 770 |
| INDIANB | 601.7 | 590 |
| INDIGO | 5461.5 | 5400 |
| INDUSINDBK | 769.95 | 800 |
| INDUSTOWER | 387.95 | 390 |
| INFY | 1568.5 | 1540 |
| INOXWIND | 185.76 | 180 |
| IOC | 143.39 | 144 |
| IRB | 51.35 | 50 |
| IRCTC | 790.2 | 790 |
| IREDA | 172.21 | 170 |
| IRFC | 138.08 | 135 |
| ITC | 433 | 430 |
| JINDALSTEL | 968.5 | 940 |
| JIOFIN | 274.35 | 265 |
| JSL | 643.4 | 640 |
| JSWENERGY | 504.8 | 490 |
| JSWSTEEL | 1000.9 | 1000 |
| JUBLFOOD | 674.4 | 680 |
| KALYANKJIL | 552.05 | 540 |
| KEI | 3431.4 | 3300 |
| KOTAKBANK | 2071.3 | 2100 |
| KPITTECH | 1331.6 | 1300 |
| LAURUSLABS | 597.05 | 600 |
| LICHSGFIN | 595.75 | 600 |
| LICI | 853.8 | 840 |
| LODHA | 1409 | 1360 |
| LT | 3589 | 3500 |
| LTF | 173.58 | 170 |
| LTIM | 5033.8 | 4900 |
| LUPIN | 1996 | 2020 |
| M&M | 3090.7 | 3050 |
| M&MFIN | 260.25 | 257.85 |
| MANAPPURAM | 228.06 | 230 |
| MARICO | 709.65 | 720 |
| MARUTI | 12615 | 12200 |
| MAXHEALTH | 1142.1 | 1160 |
| MCX | 6370.5 | 6200 |
| MFSL | 1396.7 | 1340 |
| MGL | 1382 | 1380 |
| MOTHERSON | 148.24 | 142.5 |
| MPHASIS | 2557.6 | 2540 |
| MRF | 142285 | 140000 |
| MUTHOOTFIN | 2089.6 | 2100 |
| NATIONALUM | 181.75 | 180 |
| NAUKRI | 1475.5 | 1440 |
| NBCC | 113.21 | 107 |
| NCC | 233.54 | 230 |
| NESTLEIND | 2392.6 | 2380 |
| NHPC | 87.62 | 86 |
| NMDC | 70.15 | 70 |
| NTPC | 346.15 | 345 |
| NYKAA | 200.48 | 200 |
| OBEROIRLTY | 1731.9 | 1680 |
| OFSS | 8383.5 | 8435 |
| OIL | 426.5 | 420 |
| ONGC | 248.68 | 240 |
| PAGEIND | 47620 | 47000 |
| PATANJALI | 1725 | 1780 |
| PAYTM | 843.1 | 860 |
| PEL | 1139 | 1100 |
| PERSISTENT | 5670 | 5600 |
| PETRONET | 321.75 | 320 |
| PFC | 412.7 | 420 |
| PHOENIXLTD | 1617.8 | 1600 |
| PIDILITIND | 2986.2 | 3020 |
| PIIND | 3709.9 | 3700 |
| PNB | 101.9 | 100 |
| PNBHOUSING | 1050.8 | 1060 |
| POLICYBZR | 1726.7 | 1700 |
| POLYCAB | 6055 | 5900 |
| POONAWALLA | 397.2 | 390 |
| POWERGRID | 296.15 | 302.5 |
| PRESTIGE | 1432.6 | 1400 |
| RAMCOCEM | 978.8 | 980 |
| RBLBANK | 207.84 | 210 |
| RECLTD | 400.2 | 410 |
| RELIANCE | 1429.2 | 1390 |
| SAIL | 124.88 | 120 |
| SBICARD | 903.15 | 900 |
| SBILIFE | 1763.9 | 1740 |
| SBIN | 787.1 | 790 |
| SHREECEM | 31490 | 31000 |
| SHRIRAMFIN | 658 | 640 |
| SIEMENS | 3290.8 | 3100 |
| SJVN | 101.05 | 100 |
| SOLARINDS | 14192 | 13750 |
| SONACOMS | 525.05 | 510 |
| SRF | 2951.3 | 3000 |
| SUNPHARMA | 1731.8 | 1700 |
| SUPREMEIND | 3826 | 3800 |
| SYNGENE | 639.35 | 640 |
| TATACHEM | 859.1 | 860 |
| TATACOMM | 1664.7 | 1600 |
| TATACONSUM | 1138.8 | 1130 |
| TATAELXSI | 6184.5 | 6000 |
| TATAMOTORS | 726.8 | 700 |
| TATAPOWER | 401.85 | 400 |
| TATASTEEL | 161.64 | 155 |
| TATATECH | 757.2 | 700 |
| TCS | 3525.8 | 3500 |
| TECHM | 1598.2 | 1540 |
| TIINDIA | 3002.7 | 3000 |
| TITAGARH | 904.5 | 860 |
| TITAN | 3580.5 | 3500 |
| TORNTPHARM | 3289 | 3300 |
| TORNTPOWER | 1398.7 | 1420 |
| TRENT | 5443.5 | 5500 |
| TVSMOTOR | 2767.3 | 2780 |
| ULTRACEMCO | 11666 | 11800 |
| UNIONBANK | 139.46 | 132.5 |
| UNITDSPR | 1557.4 | 1540 |
| UPL | 638.4 | 650 |
| VBL | 479.15 | 500 |
| VEDL | 437.75 | 440 |
| VOLTAS | 1268.6 | 1280 |
| WIPRO | 250.92 | 247.5 |
| YESBANK | 20.98 | 21 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 889.65 | 890 |
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.
