ONGC
Oil And Natural Gas Corp.
Max pain for ONGC
23 Jan 2025 04:12 PM IST
Max Pain for ONGC is 260
Strike 200 has a total call value of 0 versus a total put value of 226,377,208,750 Combined total value = 226,377,208,750
Strike 202.5 has a total call value of 0 versus a total put value of 215,676,133,750 Combined total value = 215,676,133,750
Strike 205 has a total call value of 0 versus a total put value of 204,975,058,750 Combined total value = 204,975,058,750
Strike 207.5 has a total call value of 0 versus a total put value of 194,273,983,750 Combined total value = 194,273,983,750
Strike 210 has a total call value of 0 versus a total put value of 183,600,340,000 Combined total value = 183,600,340,000
Strike 212.5 has a total call value of 0 versus a total put value of 173,032,090,000 Combined total value = 173,032,090,000
Strike 215 has a total call value of 0 versus a total put value of 162,501,377,500 Combined total value = 162,501,377,500
Strike 217.5 has a total call value of 0 versus a total put value of 152,136,215,000 Combined total value = 152,136,215,000
Strike 220 has a total call value of 0 versus a total put value of 141,771,052,500 Combined total value = 141,771,052,500
Strike 222.5 has a total call value of 0 versus a total put value of 131,686,940,000 Combined total value = 131,686,940,000
Strike 225 has a total call value of 0 versus a total put value of 121,602,827,500 Combined total value = 121,602,827,500
Strike 227.5 has a total call value of 0 versus a total put value of 111,702,552,500 Combined total value = 111,702,552,500
Strike 230 has a total call value of 0 versus a total put value of 101,880,721,250 Combined total value = 101,880,721,250
Strike 232.5 has a total call value of 64,487,500 versus a total put value of 92,509,340,000 Combined total value = 92,573,827,500
Strike 234 has a total call value of 103,180,000 versus a total put value of 87,031,175,000 Combined total value = 87,134,355,000
Strike 235 has a total call value of 128,975,000 versus a total put value of 83,442,012,500 Combined total value = 83,570,987,500
Strike 237.5 has a total call value of 269,981,250 versus a total put value of 74,915,706,250 Combined total value = 75,185,687,500
Strike 240 has a total call value of 410,987,500 versus a total put value of 66,560,725,000 Combined total value = 66,971,712,500
Strike 242.5 has a total call value of 897,050,000 versus a total put value of 58,716,831,250 Combined total value = 59,613,881,250
Strike 245 has a total call value of 1,383,112,500 versus a total put value of 51,130,887,500 Combined total value = 52,514,000,000
Strike 247.5 has a total call value of 2,636,287,500 versus a total put value of 43,996,356,250 Combined total value = 46,632,643,750
Strike 250 has a total call value of 3,948,175,000 versus a total put value of 37,154,906,250 Combined total value = 41,103,081,250
Strike 252.5 has a total call value of 6,603,712,500 versus a total put value of 31,298,093,750 Combined total value = 37,901,806,250
Strike 254 has a total call value of 8,373,750,000 versus a total put value of 27,920,585,000 Combined total value = 36,294,335,000
Strike 255 has a total call value of 9,553,775,000 versus a total put value of 25,668,912,500 Combined total value = 35,222,687,500
Strike 257.5 has a total call value of 12,792,587,500 versus a total put value of 20,552,743,750 Combined total value = 33,345,331,250
Strike 260 has a total call value of 16,320,631,250 versus a total put value of 16,097,331,250 Combined total value = 32,417,962,500
Strike 262.5 has a total call value of 20,850,156,250 versus a total put value of 12,551,962,500 Combined total value = 33,402,118,750
Strike 264 has a total call value of 24,241,236,250 versus a total put value of 10,812,243,750 Combined total value = 35,053,480,000
Strike 265 has a total call value of 28,105,288,750 versus a total put value of 9,652,431,250 Combined total value = 37,757,720,000
Strike 267.5 has a total call value of 39,506,101,250 versus a total put value of 7,436,275,000 Combined total value = 46,942,376,250
Strike 270 has a total call value of 51,844,388,750 versus a total put value of 5,547,850,000 Combined total value = 57,392,238,750
Strike 272.5 has a total call value of 67,458,063,750 versus a total put value of 4,286,012,500 Combined total value = 71,744,076,250
Strike 275 has a total call value of 86,003,995,000 versus a total put value of 3,345,168,750 Combined total value = 89,349,163,750
Strike 277.5 has a total call value of 107,798,845,000 versus a total put value of 2,670,456,250 Combined total value = 110,469,301,250
Strike 280 has a total call value of 130,201,032,500 versus a total put value of 2,056,862,500 Combined total value = 132,257,895,000
Strike 282.5 has a total call value of 154,200,007,500 versus a total put value of 1,557,325,000 Combined total value = 155,757,332,500
Strike 284 has a total call value of 169,068,611,250 versus a total put value of 1,282,435,000 Combined total value = 170,351,046,250
Strike 285 has a total call value of 179,087,273,750 versus a total put value of 1,099,175,000 Combined total value = 180,186,448,750
Strike 287.5 has a total call value of 205,145,998,750 versus a total put value of 814,275,000 Combined total value = 205,960,273,750
Strike 290 has a total call value of 231,274,986,250 versus a total put value of 529,375,000 Combined total value = 231,804,361,250
Strike 292.5 has a total call value of 258,175,417,500 versus a total put value of 397,031,250 Combined total value = 258,572,448,750
Strike 294 has a total call value of 274,407,787,500 versus a total put value of 317,625,000 Combined total value = 274,725,412,500
Strike 295 has a total call value of 285,334,472,500 versus a total put value of 264,687,500 Combined total value = 285,599,160,000
Strike 297.5 has a total call value of 313,038,110,000 versus a total put value of 132,343,750 Combined total value = 313,170,453,750
Strike 300 has a total call value of 340,852,435,000 versus a total put value of 0 Combined total value = 340,852,435,000
Strike 302.5 has a total call value of 370,426,691,250 versus a total put value of 0 Combined total value = 370,426,691,250
Strike 305 has a total call value of 400,034,153,750 versus a total put value of 0 Combined total value = 400,034,153,750
Strike 307.5 has a total call value of 429,843,741,250 versus a total put value of 0 Combined total value = 429,843,741,250
Strike 310 has a total call value of 459,653,328,750 versus a total put value of 0 Combined total value = 459,653,328,750
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.
