OIL
Oil India Ltd
Max pain for OIL
24 Apr 2025 11:48 AM IST
Max Pain for OIL is 380
Strike 280 has a total call value of 0 versus a total put value of 23,213,550,000 Combined total value = 23,213,550,000
Strike 290 has a total call value of 0 versus a total put value of 19,845,575,000 Combined total value = 19,845,575,000
Strike 300 has a total call value of 3,225,000 versus a total put value of 16,477,600,000 Combined total value = 16,480,825,000
Strike 310 has a total call value of 17,200,000 versus a total put value of 13,167,675,000 Combined total value = 13,184,875,000
Strike 320 has a total call value of 31,175,000 versus a total put value of 9,857,750,000 Combined total value = 9,888,925,000
Strike 330 has a total call value of 65,575,000 versus a total put value of 6,715,525,000 Combined total value = 6,781,100,000
Strike 340 has a total call value of 99,975,000 versus a total put value of 5,105,175,000 Combined total value = 5,205,150,000
Strike 350 has a total call value of 225,750,000 versus a total put value of 3,745,300,000 Combined total value = 3,971,050,000
Strike 360 has a total call value of 432,150,000 versus a total put value of 2,609,025,000 Combined total value = 3,041,175,000
Strike 370 has a total call value of 723,475,000 versus a total put value of 1,614,650,000 Combined total value = 2,338,125,000
Strike 380 has a total call value of 1,205,075,000 versus a total put value of 818,075,000 Combined total value = 2,023,150,000
Strike 390 has a total call value of 1,850,075,000 versus a total put value of 422,475,000 Combined total value = 2,272,550,000
Strike 400 has a total call value of 2,678,900,000 versus a total put value of 252,625,000 Combined total value = 2,931,525,000
Strike 410 has a total call value of 3,670,050,000 versus a total put value of 155,875,000 Combined total value = 3,825,925,000
Strike 420 has a total call value of 4,851,475,000 versus a total put value of 107,500,000 Combined total value = 4,958,975,000
Strike 430 has a total call value of 6,139,325,000 versus a total put value of 59,125,000 Combined total value = 6,198,450,000
Strike 440 has a total call value of 7,568,000,000 versus a total put value of 10,750,000 Combined total value = 7,578,750,000
Strike 450 has a total call value of 9,061,175,000 versus a total put value of 0 Combined total value = 9,061,175,000
Strike 460 has a total call value of 10,615,625,000 versus a total put value of 0 Combined total value = 10,615,625,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 440.4 | 405 |
| ABB | 5685 | 5500 |
| ABCAPITAL | 203.43 | 190 |
| ABFRL | 272.35 | 270 |
| ACC | 2086.7 | 2040 |
| ADANIENSOL | 948.4 | 880 |
| ADANIENT | 2436.9 | 2400 |
| ADANIGREEN | 955.15 | 940 |
| ADANIPORTS | 1239.4 | 1200 |
| ALKEM | 5197.5 | 5000 |
| AMBUJACEM | 572.7 | 575 |
| ANGELONE | 2515.7 | 2300 |
| APLAPOLLO | 1626.1 | 1560 |
| APOLLOHOSP | 7110.5 | 6700 |
| APOLLOTYRE | 460.25 | 445 |
| ASHOKLEY | 230.09 | 217.5 |
| ASIANPAINT | 2461.5 | 2380 |
| ASTRAL | 1389.1 | 1320 |
| ATGL | 625.75 | 600 |
| AUBANK | 678.65 | 600 |
| AUROPHARMA | 1266.5 | 1160 |
| AXISBANK | 1208 | 1110 |
| BAJAJ-AUTO | 8255.5 | 8100 |
| BAJAJFINSV | 2097 | 1980 |
| BAJFINANCE | 9303.5 | 9000 |
| BALKRISIND | 2570.6 | 2480 |
| BANDHANBNK | 171.45 | 160 |
| BANKBARODA | 253.27 | 240 |
| BANKINDIA | 118.89 | 115 |
| BEL | 304.1 | 295 |
| BERGEPAINT | 585.3 | 560 |
| BHARATFORG | 1114.2 | 1080 |
| BHARTIARTL | 1850.7 | 1780 |
| BHEL | 229.06 | 220 |
| BIOCON | 327.8 | 335 |
| BOSCHLTD | 28370 | 28000 |
| BPCL | 303.1 | 290 |
| BRITANNIA | 5460.2 | 5200 |
| BSE | 6488 | 5750 |
| BSOFT | 399.7 | 385 |
| CAMS | 4074.9 | 3800 |
| CANBK | 99.48 | 97 |
| CDSL | 1366.6 | 1240 |
| CESC | 158.49 | 157.5 |
| CGPOWER | 650.5 | 620 |
| CHAMBLFERT | 692.25 | 640 |
| CHOLAFIN | 1546.7 | 1540 |
| CIPLA | 1547.1 | 1500 |
| COALINDIA | 401 | 400 |
| COFORGE | 7425 | 7000 |
| COLPAL | 2706.8 | 2560 |
| CONCOR | 709.1 | 700 |
| CROMPTON | 338.7 | 350 |
| CUMMINSIND | 2910 | 3000 |
| CYIENT | 1256.6 | 1220 |
| DABUR | 487.5 | 480 |
| DALBHARAT | 1954.7 | 1880 |
| DEEPAKNTR | 2018 | 1950 |
| DELHIVERY | 299.25 | 270 |
| DIVISLAB | 6230 | 5850 |
| DIXON | 16518 | 15000 |
| DLF | 683.15 | 670 |
| DMART | 4483.1 | 4200 |
| DRREDDY | 1204.1 | 1160 |
| EICHERMOT | 5701.5 | 5500 |
| ESCORTS | 3389.2 | 3300 |
| ETERNAL | 239.18 | 220 |
| EXIDEIND | 382.9 | 375 |
| FEDERALBNK | 203 | 195 |
| GAIL | 193.17 | 185 |
| GLENMARK | 1436.3 | 1420 |
| GMRAIRPORT | 88.95 | 82 |
| GODREJCP | 1244.1 | 1200 |
| GODREJPROP | 2150.3 | 2100 |
| GOLDM | 95420 | 95000 |
| GRANULES | 485.6 | 460 |
| GRASIM | 2724.5 | 2600 |
| HAL | 4311.3 | 4200 |
| HAVELLS | 1592.6 | 1600 |
| HCLTECH | 1593.6 | 1500 |
| HDFCAMC | 4600 | 4300 |
| HDFCBANK | 1919.3 | 1840 |
| HDFCLIFE | 714.3 | 695 |
| HEROMOTOCO | 3944.9 | 3800 |
| HFCL | 85.74 | 82.5 |
| HINDALCO | 627.75 | 630 |
| HINDCOPPER | 224.76 | 220 |
| HINDPETRO | 389.05 | 370 |
| HINDUNILVR | 2335 | 2300 |
| HINDZINC | 460.7 | 440 |
| HUDCO | 230.42 | 220 |
| ICICIBANK | 1406.6 | 1350 |
| ICICIGI | 1881.9 | 1800 |
| ICICIPRULI | 603.85 | 590 |
| IDEA | 8 | 7 |
| IDFCFIRSTB | 67.96 | 63 |
| IEX | 192.44 | 185 |
| IGL | 186.85 | 182.5 |
| IIFL | 375.3 | 340 |
| INDHOTEL | 812.8 | 820 |
| INDIANB | 579.75 | 560 |
| INDIGO | 5517 | 5300 |
| INDUSINDBK | 834.5 | 750 |
| INDUSTOWER | 403.2 | 375 |
| INFY | 1478.5 | 1460 |
| INOXWIND | 178.8 | 160 |
| IOC | 138.37 | 135 |
| IRB | 48.97 | 46 |
| IRCTC | 777.3 | 740 |
| IREDA | 178.55 | 160 |
| IRFC | 134.9 | 127.5 |
| ITC | 434.5 | 415 |
| JINDALSTEL | 910.5 | 900 |
| JIOFIN | 259.08 | 240 |
| JSL | 573.05 | 590 |
| JSWENERGY | 507.1 | 520 |
| JSWSTEEL | 1033.9 | 1020 |
| JUBLFOOD | 706.35 | 690 |
| KALYANKJIL | 530.35 | 510 |
| KEI | 2987.1 | 2800 |
| KOTAKBANK | 2225.6 | 2140 |
| KPITTECH | 1235 | 1180 |
| LAURUSLABS | 654 | 620 |
| LICHSGFIN | 614.6 | 580 |
| LICI | 817.95 | 800 |
| LODHA | 1312 | 1200 |
| LT | 3283 | 3300 |
| LTF | 180.31 | 160 |
| LTIM | 4525.4 | 4350 |
| LUPIN | 2124 | 2020 |
| M&M | 2889.7 | 2700 |
| M&MFIN | 269.85 | 270 |
| MANAPPURAM | 229.3 | 230 |
| MARICO | 710.95 | 690 |
| MARUTI | 11910 | 11700 |
| MAXHEALTH | 1107.1 | 1100 |
| MCX | 6223 | 5700 |
| MFSL | 1238 | 1200 |
| MGL | 1326.9 | 1300 |
| MOTHERSON | 136.64 | 130 |
| MPHASIS | 2509.4 | 2320 |
| MRF | 128320 | 123000 |
| MUTHOOTFIN | 2171.4 | 2200 |
| NATIONALUM | 163.6 | 165 |
| NAUKRI | 7115 | 6700 |
| NBCC | 99.71 | 94 |
| NCC | 219.21 | 215 |
| NESTLEIND | 2421 | 2300 |
| NHPC | 89.9 | 85 |
| NMDC | 68.45 | 67.7 |
| NTPC | 362.55 | 360 |
| NYKAA | 194.05 | 180 |
| OBEROIRLTY | 1680.7 | 1600 |
| OFSS | 8784.5 | 8000 |
| OIL | 401.8 | 380 |
| ONGC | 249.6 | 240 |
| PAGEIND | 45295 | 44000 |
| PATANJALI | 1921.5 | 1920 |
| PAYTM | 898.45 | 840 |
| PEL | 1016.2 | 1000 |
| PERSISTENT | 5301.5 | 5000 |
| PETRONET | 308.55 | 305 |
| PFC | 434.65 | 420 |
| PHOENIXLTD | 1667 | 1650 |
| PIDILITIND | 3072.2 | 2960 |
| PIIND | 3644.3 | 3550 |
| PNB | 103.11 | 100 |
| PNBHOUSING | 1003.6 | 960 |
| POLICYBZR | 1664.7 | 1600 |
| POLYCAB | 5561 | 5400 |
| POONAWALLA | 401.35 | 365 |
| POWERGRID | 314.55 | 300 |
| PRESTIGE | 1294.9 | 1220 |
| RAMCOCEM | 997 | 930 |
| RBLBANK | 195.84 | 182.5 |
| RECLTD | 440.65 | 430 |
| RELIANCE | 1298.4 | 1260 |
| SAIL | 117.22 | 115 |
| SBICARD | 922.45 | 870 |
| SBILIFE | 1619.8 | 1560 |
| SBIN | 814.5 | 790 |
| SHREECEM | 30340 | 30750 |
| SHRIRAMFIN | 698.95 | 670 |
| SIEMENS | 2882.5 | 2800 |
| SILVER | 97413 | 96000 |
| SJVN | 100.35 | 95 |
| SOLARINDS | 13084 | 12000 |
| SONACOMS | 471.45 | 460 |
| SRF | 3021 | 2900 |
| SUNPHARMA | 1797 | 1720 |
| SUPREMEIND | 3476.2 | 3500 |
| SYNGENE | 664.7 | 730 |
| TATACHEM | 867.95 | 850 |
| TATACOMM | 1603.5 | 1600 |
| TATACONSUM | 1157 | 1080 |
| TATAELXSI | 5860 | 5250 |
| TATAMOTORS | 665.05 | 640 |
| TATAPOWER | 397 | 385 |
| TATASTEEL | 141.3 | 140 |
| TATATECH | 722.7 | 660 |
| TCS | 3400.6 | 3350 |
| TECHM | 1444.4 | 1360 |
| TIINDIA | 2660.2 | 2600 |
| TITAGARH | 817.4 | 780 |
| TITAN | 3369.5 | 3180 |
| TORNTPHARM | 3331.1 | 3250 |
| TORNTPOWER | 1603.4 | 1600 |
| TRENT | 5319 | 5200 |
| TVSMOTOR | 2779.5 | 2620 |
| ULTRACEMCO | 12045 | 11600 |
| UNIONBANK | 128.23 | 125 |
| UNITDSPR | 1585.9 | 1480 |
| UPL | 679.15 | 660 |
| VBL | 539.4 | 540 |
| VEDL | 427.2 | 420 |
| VOLTAS | 1285.5 | 1320 |
| WIPRO | 244 | 245 |
| YESBANK | 18.49 | 17 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 881.75 | 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.
