ONGC
Oil And Natural Gas Corp.
Max pain for ONGC
16 Sep 2024 04:12 PM IST
Max Pain for ONGC is 300
Strike 240 has a total call value of 0 versus a total put value of 190,050,437,500 Combined total value = 190,050,437,500
Strike 245 has a total call value of 0 versus a total put value of 173,455,012,500 Combined total value = 173,455,012,500
Strike 250 has a total call value of 0 versus a total put value of 156,859,587,500 Combined total value = 156,859,587,500
Strike 255 has a total call value of 0 versus a total put value of 140,310,362,500 Combined total value = 140,310,362,500
Strike 260 has a total call value of 0 versus a total put value of 123,787,125,000 Combined total value = 123,787,125,000
Strike 265 has a total call value of 29,837,500 versus a total put value of 107,804,812,500 Combined total value = 107,834,650,000
Strike 270 has a total call value of 63,525,000 versus a total put value of 92,230,600,000 Combined total value = 92,294,125,000
Strike 275 has a total call value of 251,212,500 versus a total put value of 77,512,050,000 Combined total value = 77,763,262,500
Strike 280 has a total call value of 512,050,000 versus a total put value of 63,312,287,500 Combined total value = 63,824,337,500
Strike 285 has a total call value of 1,158,850,000 versus a total put value of 50,736,262,500 Combined total value = 51,895,112,500
Strike 290 has a total call value of 2,333,100,000 versus a total put value of 39,453,837,500 Combined total value = 41,786,937,500
Strike 295 has a total call value of 6,682,637,500 versus a total put value of 30,646,000,000 Combined total value = 37,328,637,500
Strike 300 has a total call value of 13,164,112,500 versus a total put value of 23,032,625,000 Combined total value = 36,196,737,500
Strike 305 has a total call value of 25,742,062,500 versus a total put value of 17,848,600,000 Combined total value = 43,590,662,500
Strike 310 has a total call value of 42,028,525,000 versus a total put value of 13,102,512,500 Combined total value = 55,131,037,500
Strike 315 has a total call value of 63,308,437,500 versus a total put value of 9,552,812,500 Combined total value = 72,861,250,000
Strike 320 has a total call value of 87,116,837,500 versus a total put value of 6,493,025,000 Combined total value = 93,609,862,500
Strike 325 has a total call value of 115,542,350,000 versus a total put value of 4,045,387,500 Combined total value = 119,587,737,500
Strike 330 has a total call value of 146,374,112,500 versus a total put value of 2,096,325,000 Combined total value = 148,470,437,500
Strike 335 has a total call value of 184,569,000,000 versus a total put value of 1,118,425,000 Combined total value = 185,687,425,000
Strike 340 has a total call value of 225,415,575,000 versus a total put value of 415,800,000 Combined total value = 225,831,375,000
Strike 345 has a total call value of 271,304,687,500 versus a total put value of 207,900,000 Combined total value = 271,512,587,500
Strike 350 has a total call value of 319,659,725,000 versus a total put value of 0 Combined total value = 319,659,725,000
Strike 355 has a total call value of 373,008,212,500 versus a total put value of 0 Combined total value = 373,008,212,500
Strike 360 has a total call value of 426,728,225,000 versus a total put value of 0 Combined total value = 426,728,225,000
Strike 365 has a total call value of 481,491,587,500 versus a total put value of 0 Combined total value = 481,491,587,500
Strike 370 has a total call value of 536,469,587,500 versus a total put value of 0 Combined total value = 536,469,587,500
Strike 375 has a total call value of 591,971,187,500 versus a total put value of 0 Combined total value = 591,971,187,500
Strike 380 has a total call value of 647,472,787,500 versus a total put value of 0 Combined total value = 647,472,787,500
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.