ONGC
Oil And Natural Gas Corp.
Max pain for ONGC
11 Oct 2024 04:12 PM IST
Max Pain for ONGC is 295
Strike 250 has a total call value of 0 versus a total put value of 102,928,787,500 Combined total value = 102,928,787,500
Strike 255 has a total call value of 29,837,500 versus a total put value of 89,139,050,000 Combined total value = 89,168,887,500
Strike 260 has a total call value of 59,675,000 versus a total put value of 75,499,462,500 Combined total value = 75,559,137,500
Strike 265 has a total call value of 89,512,500 versus a total put value of 62,635,650,000 Combined total value = 62,725,162,500
Strike 270 has a total call value of 151,112,500 versus a total put value of 50,030,750,000 Combined total value = 50,181,862,500
Strike 275 has a total call value of 341,687,500 versus a total put value of 38,446,100,000 Combined total value = 38,787,787,500
Strike 280 has a total call value of 632,362,500 versus a total put value of 27,755,612,500 Combined total value = 28,387,975,000
Strike 285 has a total call value of 1,278,200,000 versus a total put value of 19,613,825,000 Combined total value = 20,892,025,000
Strike 290 has a total call value of 2,406,250,000 versus a total put value of 12,604,900,000 Combined total value = 15,011,150,000
Strike 295 has a total call value of 5,404,437,500 versus a total put value of 7,868,437,500 Combined total value = 13,272,875,000
Strike 300 has a total call value of 11,514,387,500 versus a total put value of 4,357,237,500 Combined total value = 15,871,625,000
Strike 305 has a total call value of 29,023,225,000 versus a total put value of 3,005,887,500 Combined total value = 32,029,112,500
Strike 310 has a total call value of 49,166,425,000 versus a total put value of 1,959,650,000 Combined total value = 51,126,075,000
Strike 315 has a total call value of 74,503,275,000 versus a total put value of 1,241,625,000 Combined total value = 75,744,900,000
Strike 320 has a total call value of 101,763,200,000 versus a total put value of 604,450,000 Combined total value = 102,367,650,000
Strike 325 has a total call value of 133,387,100,000 versus a total put value of 302,225,000 Combined total value = 133,689,325,000
Strike 330 has a total call value of 165,998,525,000 versus a total put value of 0 Combined total value = 165,998,525,000
Strike 335 has a total call value of 202,071,100,000 versus a total put value of 0 Combined total value = 202,071,100,000
Strike 340 has a total call value of 238,569,100,000 versus a total put value of 0 Combined total value = 238,569,100,000
Strike 345 has a total call value of 275,944,900,000 versus a total put value of 0 Combined total value = 275,944,900,000
Strike 350 has a total call value of 313,468,925,000 versus a total put value of 0 Combined total value = 313,468,925,000
Strike 355 has a total call value of 352,131,587,500 versus a total put value of 0 Combined total value = 352,131,587,500
Strike 360 has a total call value of 390,868,362,500 versus a total put value of 0 Combined total value = 390,868,362,500
Strike 365 has a total call value of 429,854,425,000 versus a total put value of 0 Combined total value = 429,854,425,000
Strike 370 has a total call value of 468,840,487,500 versus a total put value of 0 Combined total value = 468,840,487,500
Strike 375 has a total call value of 507,849,650,000 versus a total put value of 0 Combined total value = 507,849,650,000
Strike 380 has a total call value of 546,858,812,500 versus a total put value of 0 Combined total value = 546,858,812,500
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.