ONGC
OIL AND NATURAL GAS CORP.
Max pain for ONGC
02 Jul 2024 10:52 AM IST
Max Pain for ONGC is 270
Strike 230 has a total call value of 0 versus a total put value of 47,287,625,000 Combined total value = 47,287,625,000
Strike 232.5 has a total call value of 0 versus a total put value of 43,908,287,500 Combined total value = 43,908,287,500
Strike 235 has a total call value of 0 versus a total put value of 40,528,950,000 Combined total value = 40,528,950,000
Strike 237.5 has a total call value of 0 versus a total put value of 37,168,381,250 Combined total value = 37,168,381,250
Strike 240 has a total call value of 0 versus a total put value of 33,807,812,500 Combined total value = 33,807,812,500
Strike 242.5 has a total call value of 0 versus a total put value of 30,671,025,000 Combined total value = 30,671,025,000
Strike 245 has a total call value of 0 versus a total put value of 27,534,237,500 Combined total value = 27,534,237,500
Strike 247.5 has a total call value of 0 versus a total put value of 24,483,112,500 Combined total value = 24,483,112,500
Strike 250 has a total call value of 0 versus a total put value of 21,431,987,500 Combined total value = 21,431,987,500
Strike 252.5 has a total call value of 65,931,250 versus a total put value of 18,832,275,000 Combined total value = 18,898,206,250
Strike 255 has a total call value of 131,862,500 versus a total put value of 16,293,200,000 Combined total value = 16,425,062,500
Strike 257.5 has a total call value of 199,718,750 versus a total put value of 13,861,443,750 Combined total value = 14,061,162,500
Strike 260 has a total call value of 275,756,250 versus a total put value of 11,479,256,250 Combined total value = 11,755,012,500
Strike 262.5 has a total call value of 487,987,500 versus a total put value of 9,549,925,000 Combined total value = 10,037,912,500
Strike 265 has a total call value of 715,618,750 versus a total put value of 7,680,268,750 Combined total value = 8,395,887,500
Strike 267.5 has a total call value of 1,116,981,250 versus a total put value of 6,126,312,500 Combined total value = 7,243,293,750
Strike 270 has a total call value of 1,578,981,250 versus a total put value of 4,641,656,250 Combined total value = 6,220,637,500
Strike 272.5 has a total call value of 2,705,587,500 versus a total put value of 3,616,593,750 Combined total value = 6,322,181,250
Strike 275 has a total call value of 3,939,512,500 versus a total put value of 2,680,081,250 Combined total value = 6,619,593,750
Strike 277.5 has a total call value of 5,850,556,250 versus a total put value of 2,014,993,750 Combined total value = 7,865,550,000
Strike 280 has a total call value of 7,909,825,000 versus a total put value of 1,398,993,750 Combined total value = 9,308,818,750
Strike 282.5 has a total call value of 11,718,437,500 versus a total put value of 1,125,643,750 Combined total value = 12,844,081,250
Strike 285 has a total call value of 15,651,212,500 versus a total put value of 868,175,000 Combined total value = 16,519,387,500
Strike 287.5 has a total call value of 20,013,743,750 versus a total put value of 663,643,750 Combined total value = 20,677,387,500
Strike 290 has a total call value of 24,409,000,000 versus a total put value of 475,475,000 Combined total value = 24,884,475,000
Strike 292.5 has a total call value of 29,553,081,250 versus a total put value of 348,906,250 Combined total value = 29,901,987,500
Strike 295 has a total call value of 34,730,850,000 versus a total put value of 232,443,750 Combined total value = 34,963,293,750
Strike 297.5 has a total call value of 40,180,043,750 versus a total put value of 119,831,250 Combined total value = 40,299,875,000
Strike 300 has a total call value of 45,698,056,250 versus a total put value of 45,237,500 Combined total value = 45,743,293,750
Strike 302.5 has a total call value of 52,405,718,750 versus a total put value of 34,650,000 Combined total value = 52,440,368,750
Strike 305 has a total call value of 59,132,631,250 versus a total put value of 24,062,500 Combined total value = 59,156,693,750
Strike 307.5 has a total call value of 65,966,862,500 versus a total put value of 13,475,000 Combined total value = 65,980,337,500
Strike 310 has a total call value of 72,813,606,250 versus a total put value of 2,887,500 Combined total value = 72,816,493,750
Strike 312.5 has a total call value of 79,927,925,000 versus a total put value of 2,406,250 Combined total value = 79,930,331,250
Strike 315 has a total call value of 87,048,981,250 versus a total put value of 1,925,000 Combined total value = 87,050,906,250
Strike 317.5 has a total call value of 94,236,450,000 versus a total put value of 1,443,750 Combined total value = 94,237,893,750
Strike 320 has a total call value of 101,423,918,750 versus a total put value of 962,500 Combined total value = 101,424,881,250
Strike 322.5 has a total call value of 108,862,600,000 versus a total put value of 481,250 Combined total value = 108,863,081,250
Strike 325 has a total call value of 116,301,281,250 versus a total put value of 0 Combined total value = 116,301,281,250
Strike 327.5 has a total call value of 123,903,106,250 versus a total put value of 0 Combined total value = 123,903,106,250
Strike 330 has a total call value of 131,504,931,250 versus a total put value of 0 Combined total value = 131,504,931,250
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.