ONGC
Oil And Natural Gas Corp.
Max pain for ONGC
14 Jan 2025 03:52 PM IST
Max Pain for ONGC is 257.5
Strike 195 has a total call value of 0 versus a total put value of 224,924,315,000 Combined total value = 224,924,315,000
Strike 197.5 has a total call value of 0 versus a total put value of 214,915,758,750 Combined total value = 214,915,758,750
Strike 200 has a total call value of 0 versus a total put value of 204,907,202,500 Combined total value = 204,907,202,500
Strike 202.5 has a total call value of 2,406,250 versus a total put value of 195,180,177,500 Combined total value = 195,182,583,750
Strike 205 has a total call value of 4,812,500 versus a total put value of 185,453,152,500 Combined total value = 185,457,965,000
Strike 207.5 has a total call value of 7,218,750 versus a total put value of 175,820,452,500 Combined total value = 175,827,671,250
Strike 210 has a total call value of 9,625,000 versus a total put value of 166,187,752,500 Combined total value = 166,197,377,500
Strike 212.5 has a total call value of 12,031,250 versus a total put value of 156,670,071,250 Combined total value = 156,682,102,500
Strike 215 has a total call value of 14,437,500 versus a total put value of 147,152,390,000 Combined total value = 147,166,827,500
Strike 217.5 has a total call value of 16,843,750 versus a total put value of 137,634,708,750 Combined total value = 137,651,552,500
Strike 220 has a total call value of 19,250,000 versus a total put value of 128,171,890,000 Combined total value = 128,191,140,000
Strike 222.5 has a total call value of 21,656,250 versus a total put value of 118,988,196,250 Combined total value = 119,009,852,500
Strike 225 has a total call value of 24,062,500 versus a total put value of 109,804,502,500 Combined total value = 109,828,565,000
Strike 227.5 has a total call value of 26,468,750 versus a total put value of 100,804,165,000 Combined total value = 100,830,633,750
Strike 230 has a total call value of 28,875,000 versus a total put value of 91,867,352,500 Combined total value = 91,896,227,500
Strike 232.5 has a total call value of 31,281,250 versus a total put value of 83,394,465,000 Combined total value = 83,425,746,250
Strike 234 has a total call value of 32,725,000 versus a total put value of 78,434,317,500 Combined total value = 78,467,042,500
Strike 235 has a total call value of 33,687,500 versus a total put value of 75,161,625,000 Combined total value = 75,195,312,500
Strike 237.5 has a total call value of 36,093,750 versus a total put value of 67,488,575,000 Combined total value = 67,524,668,750
Strike 240 has a total call value of 38,500,000 versus a total put value of 59,930,543,750 Combined total value = 59,969,043,750
Strike 242.5 has a total call value of 406,656,250 versus a total put value of 52,945,681,250 Combined total value = 53,352,337,500
Strike 245 has a total call value of 913,893,750 versus a total put value of 46,215,881,250 Combined total value = 47,129,775,000
Strike 247.5 has a total call value of 2,224,337,500 versus a total put value of 39,909,581,250 Combined total value = 42,133,918,750
Strike 250 has a total call value of 3,585,793,750 versus a total put value of 33,796,743,750 Combined total value = 37,382,537,500
Strike 252.5 has a total call value of 6,297,637,500 versus a total put value of 28,583,843,750 Combined total value = 34,881,481,250
Strike 254 has a total call value of 8,104,346,250 versus a total put value of 25,635,417,500 Combined total value = 33,739,763,750
Strike 255 has a total call value of 9,332,496,250 versus a total put value of 23,669,800,000 Combined total value = 33,002,296,250
Strike 257.5 has a total call value of 12,666,596,250 versus a total put value of 19,568,587,500 Combined total value = 32,235,183,750
Strike 260 has a total call value of 16,320,727,500 versus a total put value of 15,993,381,250 Combined total value = 32,314,108,750
Strike 262.5 has a total call value of 21,120,715,000 versus a total put value of 13,141,975,000 Combined total value = 34,262,690,000
Strike 264 has a total call value of 24,259,138,750 versus a total put value of 11,740,960,000 Combined total value = 36,000,098,750
Strike 265 has a total call value of 26,676,553,750 versus a total put value of 10,806,950,000 Combined total value = 37,483,503,750
Strike 267.5 has a total call value of 34,043,047,500 versus a total put value of 8,861,737,500 Combined total value = 42,904,785,000
Strike 270 has a total call value of 42,322,953,750 versus a total put value of 7,046,943,750 Combined total value = 49,369,897,500
Strike 272.5 has a total call value of 53,719,916,250 versus a total put value of 5,811,575,000 Combined total value = 59,531,491,250
Strike 275 has a total call value of 67,002,416,250 versus a total put value of 4,702,775,000 Combined total value = 71,705,191,250
Strike 277.5 has a total call value of 83,732,591,250 versus a total put value of 3,850,962,500 Combined total value = 87,583,553,750
Strike 280 has a total call value of 101,021,016,250 versus a total put value of 3,041,981,250 Combined total value = 104,062,997,500
Strike 282.5 has a total call value of 120,205,085,000 versus a total put value of 2,387,962,500 Combined total value = 122,593,047,500
Strike 284 has a total call value of 132,321,901,250 versus a total put value of 2,024,715,000 Combined total value = 134,346,616,250
Strike 285 has a total call value of 140,507,771,250 versus a total put value of 1,782,550,000 Combined total value = 142,290,321,250
Strike 287.5 has a total call value of 162,297,808,750 versus a total put value of 1,338,837,500 Combined total value = 163,636,646,250
Strike 290 has a total call value of 184,180,246,250 versus a total put value of 895,125,000 Combined total value = 185,075,371,250
Strike 292.5 has a total call value of 206,709,002,500 versus a total put value of 671,343,750 Combined total value = 207,380,346,250
Strike 294 has a total call value of 220,329,917,500 versus a total put value of 537,075,000 Combined total value = 220,866,992,500
Strike 295 has a total call value of 229,506,970,000 versus a total put value of 447,562,500 Combined total value = 229,954,532,500
Strike 297.5 has a total call value of 252,700,813,750 versus a total put value of 223,781,250 Combined total value = 252,924,595,000
Strike 300 has a total call value of 276,003,420,000 versus a total put value of 0 Combined total value = 276,003,420,000
Strike 302.5 has a total call value of 301,132,370,000 versus a total put value of 0 Combined total value = 301,132,370,000
Strike 305 has a total call value of 326,283,938,750 versus a total put value of 0 Combined total value = 326,283,938,750
Strike 307.5 has a total call value of 351,645,813,750 versus a total put value of 0 Combined total value = 351,645,813,750
Strike 310 has a total call value of 377,007,688,750 versus a total put value of 0 Combined total value = 377,007,688,750
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 409.35 | 420 |
| ABB | 6146.6 | 6600 |
| ABBOTINDIA | 28235.55 | 29000 |
| ABCAPITAL | 174.37 | 182.5 |
| ABFRL | 270.1 | 280 |
| ACC | 1946.25 | 2080 |
| ADANIENSOL | 771.3 | 780 |
| ADANIENT | 2380.55 | 2500 |
| ADANIGREEN | 1006.85 | 1000 |
| ADANIPORTS | 1117.1 | 1180 |
| ALKEM | 5264.8 | 5450 |
| AMBUJACEM | 515.35 | 550 |
| ANGELONE | 2370.55 | 2500 |
| APLAPOLLO | 1466.9 | 1520 |
| APOLLOHOSP | 6706.85 | 7050 |
| APOLLOTYRE | 452.8 | 470 |
| ASHOKLEY | 210.05 | 220 |
| ASIANPAINT | 2239.95 | 2300 |
| ASTRAL | 1493.5 | 1600 |
| ATGL | 669.8 | 670 |
| ATUL | 6736.9 | 6900 |
| AUBANK | 575.1 | 565 |
| AUROPHARMA | 1174.5 | 1220 |
| AXISBANK | 1051.65 | 1080 |
| BAJAJ-AUTO | 8611.2 | 8900 |
| BAJAJFINSV | 1713.5 | 1660 |
| BAJFINANCE | 7335 | 7200 |
| BALKRISIND | 2705.35 | 2800 |
| BANDHANBNK | 147.94 | 160 |
| BANKBARODA | 223.72 | 240 |
| BANKINDIA | 94.62 | 98 |
| BATAINDIA | 1343.55 | 1380 |
| BEL | 269.9 | 280 |
| BERGEPAINT | 462.45 | 460 |
| BHARATFORG | 1190.4 | 1260 |
| BHARTIARTL | 1600.1 | 1600 |
| BHEL | 197.1 | 220 |
| BIOCON | 387.65 | 375 |
| BOSCHLTD | 31621.7 | 33000 |
| BPCL | 270.2 | 280 |
| BRITANNIA | 4862.4 | 4850 |
| BSE | 5448.85 | 5300 |
| BSOFT | 532.9 | 560 |
| CAMS | 4219.6 | 4600 |
| CANBK | 93.22 | 98 |
| CANFINHOME | 670.8 | 700 |
| CDSL | 1572.5 | 1700 |
| CESC | 153.69 | 160 |
| CGPOWER | 640.15 | 670 |
| CHAMBLFERT | 475.05 | 490 |
| CHOLAFIN | 1270.7 | 1260 |
| CIPLA | 1447.75 | 1500 |
| COALINDIA | 369.25 | 385 |
| COFORGE | 8592.4 | 9000 |
| COLPAL | 2713.3 | 2780 |
| CONCOR | 761.75 | 780 |
| COROMANDEL | 1835.3 | 1880 |
| CROMPTON | 357.2 | 370 |
| CUB | 167.4 | 170 |
| CUMMINSIND | 2940.95 | 3150 |
| CYIENT | 1713.45 | 1720 |
| DABUR | 512.5 | 515 |
| DALBHARAT | 1729 | 1740 |
| DEEPAKNTR | 2340.85 | 2450 |
| DELHIVERY | 324 | 335 |
| DIVISLAB | 5990.3 | 5900 |
| DIXON | 16274.9 | 17000 |
| DLF | 723.25 | 770 |
| DMART | 3476.5 | 3700 |
| DRREDDY | 1337.55 | 1350 |
| EICHERMOT | 5029.55 | 5000 |
| ESCORTS | 3439 | 3300 |
| EXIDEIND | 382.25 | 410 |
| FEDERALBNK | 192.56 | 197.5 |
| GAIL | 175.96 | 190 |
| GLENMARK | 1515.95 | 1560 |
| GMRAIRPORT | 72.2 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 535.15 | 550 |
| GODREJCP | 1140.45 | 1140 |
| GODREJPROP | 2307.95 | 2500 |
| GRANULES | 583.75 | 590 |
| GRASIM | 2310.6 | 2480 |
| GUJGASLTD | 487.05 | 495 |
| HAL | 3828.35 | 4100 |
| HAVELLS | 1525 | 1600 |
| HCLTECH | 1813.55 | 1840 |
| HDFCAMC | 3865.05 | 3900 |
| HDFCBANK | 1646.6 | 1700 |
| HDFCLIFE | 600.45 | 620 |
| HEROMOTOCO | 4102.65 | 4200 |
| HFCL | 98.07 | 105 |
| HINDALCO | 590.9 | 600 |
| HINDCOPPER | 226.08 | 250 |
| HINDPETRO | 373.25 | 390 |
| HINDUNILVR | 2367.95 | 2400 |
| HUDCO | 214.29 | 220 |
| ICICIBANK | 1240.3 | 1270 |
| ICICIGI | 1831.2 | 1860 |
| ICICIPRULI | 642.15 | 660 |
| IDEA | 8.25 | 8 |
| IDFCFIRSTB | 61.94 | 63 |
| IEX | 166.83 | 177.5 |
| IGL | 411.25 | 410 |
| INDHOTEL | 781.4 | 800 |
| INDIAMART | 2254.7 | 2300 |
| INDIANB | 505.8 | 520 |
| INDIGO | 3995 | 4300 |
| INDUSINDBK | 962.1 | 980 |
| INDUSTOWER | 340.3 | 340 |
| INFY | 1940.05 | 1940 |
| IOC | 126.63 | 135 |
| IPCALAB | 1588.15 | 1640 |
| IRB | 51.27 | 55 |
| IRCTC | 757.75 | 790 |
| IRFC | 135.55 | 135 |
| ITC | 436.6 | 445 |
| JINDALSTEL | 909.9 | 940 |
| JIOFIN | 272.85 | 285 |
| JKCEMENT | 4388.55 | 4500 |
| JSL | 625.45 | 630 |
| JSWENERGY | 547.85 | 570 |
| JSWSTEEL | 906.05 | 920 |
| JUBLFOOD | 708.9 | 730 |
| KALYANKJIL | 596.4 | 640 |
| KEI | 4020.3 | 4200 |
| KOTAKBANK | 1750.6 | 1800 |
| KPITTECH | 1323.95 | 1400 |
| LALPATHLAB | 2803.05 | 2950 |
| LAURUSLABS | 568 | 590 |
| LICHSGFIN | 552.4 | 590 |
| LICI | 825.4 | 860 |
| LODHA | 1144.15 | 1260 |
| LT | 3462.6 | 3600 |
| LTF | 133.73 | 137.5 |
| LTIM | 5751.9 | 5800 |
| LTTS | 4706.55 | 4800 |
| LUPIN | 2154.6 | 2240 |
| M&M | 3049.5 | 3100 |
| M&MFIN | 266.8 | 270 |
| MANAPPURAM | 178.71 | 190 |
| MARICO | 661.1 | 660 |
| MARUTI | 11741.15 | 11600 |
| MAXHEALTH | 1084.9 | 1140 |
| MCX | 5694.05 | 6000 |
| METROPOLIS | 1872.05 | 2000 |
| MFSL | 1051.4 | 1100 |
| MGL | 1269.65 | 1280 |
| MOTHERSON | 145.58 | 155 |
| MPHASIS | 2780.25 | 2900 |
| MRF | 114213.4 | 118000 |
| MUTHOOTFIN | 2123.85 | 2140 |
| NATIONALUM | 199.51 | 210 |
| NAUKRI | 7457.75 | 8000 |
| NAVINFLUOR | 3631.85 | 3650 |
| NCC | 246.5 | 260 |
| NESTLEIND | 2219.05 | 2200 |
| NHPC | 76.39 | 78 |
| NMDC | 63.36 | 67 |
| NTPC | 310.4 | 320 |
| NYKAA | 164.93 | 167.5 |
| OBEROIRLTY | 1975.25 | 2120 |
| OFSS | 10747.1 | 11500 |
| OIL | 465.15 | 460 |
| ONGC | 260.37 | 257.5 |
| PAGEIND | 46471.5 | 47000 |
| PAYTM | 817.9 | 860 |
| PEL | 1026.05 | 1080 |
| PERSISTENT | 5880.1 | 6200 |
| PETRONET | 325.5 | 335 |
| PFC | 417.4 | 440 |
| PIDILITIND | 2808.95 | 2900 |
| PIIND | 3463.2 | 3600 |
| PNB | 98.41 | 102 |
| POLICYBZR | 1743.85 | 1850 |
| POLYCAB | 6474.7 | 6800 |
| POONAWALLA | 308.85 | 315 |
| POWERGRID | 290.25 | 305 |
| PRESTIGE | 1426.3 | 1550 |
| PVRINOX | 1086.25 | 1180 |
| RAMCOCEM | 884.1 | 930 |
| RBLBANK | 153.92 | 160 |
| RECLTD | 476.15 | 500 |
| RELIANCE | 1238.75 | 1250 |
| SAIL | 105.88 | 112.5 |
| SBICARD | 734.7 | 730 |
| SBILIFE | 1499.25 | 1440 |
| SBIN | 748.15 | 780 |
| SHREECEM | 25130.2 | 25750 |
| SHRIRAMFIN | 544.1 | 570 |
| SIEMENS | 5863.45 | 6200 |
| SJVN | 94.04 | 100 |
| SONACOMS | 569.9 | 580 |
| SRF | 2509.75 | 2560 |
| SUNPHARMA | 1770.85 | 1820 |
| SUNTV | 658 | 680 |
| SUPREMEIND | 4366.05 | 4500 |
| SYNGENE | 827.5 | 850 |
| TATACHEM | 965.5 | 1020 |
| TATACOMM | 1676.9 | 1740 |
| TATACONSUM | 963.15 | 950 |
| TATAELXSI | 6084.8 | 6200 |
| TATAMOTORS | 770.5 | 780 |
| TATAPOWER | 356.95 | 380 |
| TATASTEEL | 126.93 | 135 |
| TCS | 4233.05 | 4200 |
| TECHM | 1647.5 | 1680 |
| TIINDIA | 3321.3 | 3500 |
| TITAN | 3322.5 | 3400 |
| TORNTPHARM | 3252.4 | 3350 |
| TRENT | 6161.15 | 6700 |
| TVSMOTOR | 2235 | 2320 |
| UBL | 1965.3 | 1980 |
| ULTRACEMCO | 10483.75 | 11100 |
| UNIONBANK | 104.08 | 110 |
| UNITDSPR | 1407.25 | 1500 |
| UPL | 541.85 | 537.2 |
| VBL | 566.3 | 600 |
| VEDL | 430.6 | 450 |
| VOLTAS | 1637.65 | 1720 |
| WIPRO | 292.85 | 295 |
| YESBANK | 18.02 | 19 |
| ZOMATO | 233.6 | 250 |
| ZYDUSLIFE | 1000.15 | 1000 |
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.
