ONGC
Oil And Natural Gas Corp.
Max pain for ONGC
21 Nov 2024 03:52 PM IST
Max Pain for ONGC is 250
Strike 214 has a total call value of 0 versus a total put value of 85,926,417,500 Combined total value = 85,926,417,500
Strike 215 has a total call value of 0 versus a total put value of 83,815,847,500 Combined total value = 83,815,847,500
Strike 219 has a total call value of 0 versus a total put value of 75,373,567,500 Combined total value = 75,373,567,500
Strike 220 has a total call value of 0 versus a total put value of 73,283,787,500 Combined total value = 73,283,787,500
Strike 224 has a total call value of 0 versus a total put value of 64,951,617,500 Combined total value = 64,951,617,500
Strike 225 has a total call value of 8,085,000 versus a total put value of 62,989,272,500 Combined total value = 62,997,357,500
Strike 229 has a total call value of 41,965,000 versus a total put value of 55,156,832,500 Combined total value = 55,198,797,500
Strike 230 has a total call value of 62,562,500 versus a total put value of 53,257,820,000 Combined total value = 53,320,382,500
Strike 234 has a total call value of 150,342,500 versus a total put value of 45,721,060,000 Combined total value = 45,871,402,500
Strike 235 has a total call value of 208,670,000 versus a total put value of 44,008,195,000 Combined total value = 44,216,865,000
Strike 239 has a total call value of 502,810,000 versus a total put value of 37,314,585,000 Combined total value = 37,817,395,000
Strike 240 has a total call value of 671,055,000 versus a total put value of 35,816,935,000 Combined total value = 36,487,990,000
Strike 244 has a total call value of 1,647,415,000 versus a total put value of 30,178,995,000 Combined total value = 31,826,410,000
Strike 245 has a total call value of 2,124,045,000 versus a total put value of 29,053,062,500 Combined total value = 31,177,107,500
Strike 249 has a total call value of 4,400,935,000 versus a total put value of 24,774,172,500 Combined total value = 29,175,107,500
Strike 250 has a total call value of 5,300,487,500 versus a total put value of 23,817,255,000 Combined total value = 29,117,742,500
Strike 254 has a total call value of 9,490,827,500 versus a total put value of 20,061,195,000 Combined total value = 29,552,022,500
Strike 255 has a total call value of 11,499,180,000 versus a total put value of 19,281,955,000 Combined total value = 30,781,135,000
Strike 259 has a total call value of 19,705,840,000 versus a total put value of 16,176,545,000 Combined total value = 35,882,385,000
Strike 260 has a total call value of 22,373,505,000 versus a total put value of 15,489,320,000 Combined total value = 37,862,825,000
Strike 264 has a total call value of 33,144,265,000 versus a total put value of 12,746,580,000 Combined total value = 45,890,845,000
Strike 265 has a total call value of 37,372,335,000 versus a total put value of 12,183,132,500 Combined total value = 49,555,467,500
Strike 269 has a total call value of 54,302,325,000 versus a total put value of 9,929,342,500 Combined total value = 64,231,667,500
Strike 270 has a total call value of 60,980,342,500 versus a total put value of 9,475,235,000 Combined total value = 70,455,577,500
Strike 274 has a total call value of 87,733,222,500 versus a total put value of 7,658,805,000 Combined total value = 95,392,027,500
Strike 275 has a total call value of 95,549,492,500 versus a total put value of 7,272,072,500 Combined total value = 102,821,565,000
Strike 279 has a total call value of 126,814,572,500 versus a total put value of 5,725,142,500 Combined total value = 132,539,715,000
Strike 280 has a total call value of 134,752,502,500 versus a total put value of 5,338,410,000 Combined total value = 140,090,912,500
Strike 284 has a total call value of 166,504,222,500 versus a total put value of 3,791,480,000 Combined total value = 170,295,702,500
Strike 285 has a total call value of 174,702,220,000 versus a total put value of 3,552,972,500 Combined total value = 178,255,192,500
Strike 289 has a total call value of 207,494,210,000 versus a total put value of 2,598,942,500 Combined total value = 210,093,152,500
Strike 290 has a total call value of 215,756,310,000 versus a total put value of 2,360,435,000 Combined total value = 218,116,745,000
Strike 294 has a total call value of 248,805,480,000 versus a total put value of 1,407,175,000 Combined total value = 250,212,655,000
Strike 295 has a total call value of 257,668,372,500 versus a total put value of 1,330,752,500 Combined total value = 258,999,125,000
Strike 299 has a total call value of 293,119,942,500 versus a total put value of 1,025,062,500 Combined total value = 294,145,005,000
Strike 300 has a total call value of 302,016,907,500 versus a total put value of 948,640,000 Combined total value = 302,965,547,500
Strike 304 has a total call value of 337,604,767,500 versus a total put value of 642,950,000 Combined total value = 338,247,717,500
Strike 305 has a total call value of 346,618,965,000 versus a total put value of 596,365,000 Combined total value = 347,215,330,000
Strike 309 has a total call value of 382,675,755,000 versus a total put value of 410,025,000 Combined total value = 383,085,780,000
Strike 310 has a total call value of 391,689,952,500 versus a total put value of 363,440,000 Combined total value = 392,053,392,500
Strike 314 has a total call value of 427,746,742,500 versus a total put value of 177,100,000 Combined total value = 427,923,842,500
Strike 315 has a total call value of 436,842,752,500 versus a total put value of 159,390,000 Combined total value = 437,002,142,500
Strike 319 has a total call value of 473,226,792,500 versus a total put value of 88,550,000 Combined total value = 473,315,342,500
Strike 320 has a total call value of 482,322,802,500 versus a total put value of 70,840,000 Combined total value = 482,393,642,500
Strike 324 has a total call value of 518,706,842,500 versus a total put value of 0 Combined total value = 518,706,842,500
Strike 325 has a total call value of 527,852,132,500 versus a total put value of 0 Combined total value = 527,852,132,500
Strike 329 has a total call value of 564,433,292,500 versus a total put value of 0 Combined total value = 564,433,292,500
Strike 330 has a total call value of 573,578,582,500 versus a total put value of 0 Combined total value = 573,578,582,500
Strike 334 has a total call value of 610,159,742,500 versus a total put value of 0 Combined total value = 610,159,742,500
Strike 335 has a total call value of 619,311,385,000 versus a total put value of 0 Combined total value = 619,311,385,000
Strike 339 has a total call value of 655,917,955,000 versus a total put value of 0 Combined total value = 655,917,955,000
Strike 340 has a total call value of 665,069,597,500 versus a total put value of 0 Combined total value = 665,069,597,500
Strike 344 has a total call value of 701,676,167,500 versus a total put value of 0 Combined total value = 701,676,167,500
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 980 |
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.
