ONGC
Oil And Natural Gas Corp.
Max pain for ONGC
13 Mar 2025 04:12 PM IST
Max Pain for ONGC is 227.5
Strike 185 has a total call value of 0 versus a total put value of 79,062,637,500 Combined total value = 79,062,637,500
Strike 187.5 has a total call value of 0 versus a total put value of 73,477,731,250 Combined total value = 73,477,731,250
Strike 190 has a total call value of 0 versus a total put value of 67,892,825,000 Combined total value = 67,892,825,000
Strike 192.5 has a total call value of 0 versus a total put value of 62,617,843,750 Combined total value = 62,617,843,750
Strike 195 has a total call value of 0 versus a total put value of 57,342,862,500 Combined total value = 57,342,862,500
Strike 197.5 has a total call value of 0 versus a total put value of 52,168,943,750 Combined total value = 52,168,943,750
Strike 200 has a total call value of 0 versus a total put value of 46,995,025,000 Combined total value = 46,995,025,000
Strike 202.5 has a total call value of 5,775,000 versus a total put value of 42,120,443,750 Combined total value = 42,126,218,750
Strike 205 has a total call value of 11,550,000 versus a total put value of 37,292,062,500 Combined total value = 37,303,612,500
Strike 207.5 has a total call value of 17,325,000 versus a total put value of 32,614,793,750 Combined total value = 32,632,118,750
Strike 210 has a total call value of 30,800,000 versus a total put value of 28,011,637,500 Combined total value = 28,042,437,500
Strike 212.5 has a total call value of 61,600,000 versus a total put value of 23,752,093,750 Combined total value = 23,813,693,750
Strike 215 has a total call value of 116,943,750 versus a total put value of 19,617,193,750 Combined total value = 19,734,137,500
Strike 217.5 has a total call value of 243,512,500 versus a total put value of 15,906,275,000 Combined total value = 16,149,787,500
Strike 220 has a total call value of 427,350,000 versus a total put value of 12,332,031,250 Combined total value = 12,759,381,250
Strike 222.5 has a total call value of 819,568,750 versus a total put value of 9,620,187,500 Combined total value = 10,439,756,250
Strike 225 has a total call value of 1,377,818,750 versus a total put value of 7,198,537,500 Combined total value = 8,576,356,250
Strike 227.5 has a total call value of 2,667,087,500 versus a total put value of 5,627,737,500 Combined total value = 8,294,825,000
Strike 230 has a total call value of 4,357,718,750 versus a total put value of 4,271,093,750 Combined total value = 8,628,812,500
Strike 232.5 has a total call value of 7,867,956,250 versus a total put value of 3,342,762,500 Combined total value = 11,210,718,750
Strike 235 has a total call value of 12,873,437,500 versus a total put value of 2,600,675,000 Combined total value = 15,474,112,500
Strike 237.5 has a total call value of 19,800,068,750 versus a total put value of 2,043,387,500 Combined total value = 21,843,456,250
Strike 240 has a total call value of 27,527,018,750 versus a total put value of 1,531,818,750 Combined total value = 29,058,837,500
Strike 242.5 has a total call value of 37,904,212,500 versus a total put value of 1,194,462,500 Combined total value = 39,098,675,000
Strike 245 has a total call value of 48,519,625,000 versus a total put value of 894,162,500 Combined total value = 49,413,787,500
Strike 247.5 has a total call value of 59,564,793,750 versus a total put value of 662,200,000 Combined total value = 60,226,993,750
Strike 250 has a total call value of 70,786,100,000 versus a total put value of 448,525,000 Combined total value = 71,234,625,000
Strike 252.5 has a total call value of 83,118,612,500 versus a total put value of 336,393,750 Combined total value = 83,455,006,250
Strike 255 has a total call value of 95,573,843,750 versus a total put value of 224,262,500 Combined total value = 95,798,106,250
Strike 257.5 has a total call value of 108,239,862,500 versus a total put value of 112,131,250 Combined total value = 108,351,993,750
Strike 260 has a total call value of 120,957,856,250 versus a total put value of 0 Combined total value = 120,957,856,250
Strike 262.5 has a total call value of 134,516,593,750 versus a total put value of 0 Combined total value = 134,516,593,750
Strike 265 has a total call value of 148,112,387,500 versus a total put value of 0 Combined total value = 148,112,387,500
Strike 267.5 has a total call value of 161,793,843,750 versus a total put value of 0 Combined total value = 161,793,843,750
Strike 270 has a total call value of 175,475,300,000 versus a total put value of 0 Combined total value = 175,475,300,000
Strike 272.5 has a total call value of 189,442,137,500 versus a total put value of 0 Combined total value = 189,442,137,500
Strike 275 has a total call value of 203,408,975,000 versus a total put value of 0 Combined total value = 203,408,975,000
Strike 277.5 has a total call value of 217,375,812,500 versus a total put value of 0 Combined total value = 217,375,812,500
Strike 280 has a total call value of 231,342,650,000 versus a total put value of 0 Combined total value = 231,342,650,000
Strike 282.5 has a total call value of 245,519,312,500 versus a total put value of 0 Combined total value = 245,519,312,500
Strike 285 has a total call value of 259,695,975,000 versus a total put value of 0 Combined total value = 259,695,975,000
Strike 287.5 has a total call value of 273,911,137,500 versus a total put value of 0 Combined total value = 273,911,137,500
Strike 290 has a total call value of 288,126,300,000 versus a total put value of 0 Combined total value = 288,126,300,000
Strike 292.5 has a total call value of 302,510,381,250 versus a total put value of 0 Combined total value = 302,510,381,250
Strike 295 has a total call value of 316,894,462,500 versus a total put value of 0 Combined total value = 316,894,462,500
Strike 297.5 has a total call value of 331,278,543,750 versus a total put value of 0 Combined total value = 331,278,543,750
Strike 300 has a total call value of 345,662,625,000 versus a total put value of 0 Combined total value = 345,662,625,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 382.75 | 400 |
| ABB | 5118.55 | 5200 |
| ABCAPITAL | 162.19 | 162.5 |
| ABFRL | 240.05 | 250 |
| ACC | 1854 | 1860 |
| ADANIENSOL | 783.2 | 760 |
| ADANIENT | 2221.1 | 2380 |
| ADANIGREEN | 873.65 | 840 |
| ADANIPORTS | 1119.2 | 1120 |
| ALKEM | 4706.95 | 4700 |
| AMBUJACEM | 485.8 | 485 |
| ANGELONE | 1953.5 | 2000 |
| APLAPOLLO | 1372.8 | 1400 |
| APOLLOHOSP | 6105.65 | 6150 |
| APOLLOTYRE | 400.95 | 400 |
| ASHOKLEY | 196.63 | 205 |
| ASIANPAINT | 2231.3 | 2260 |
| ASTRAL | 1238.3 | 1300 |
| ATGL | 604.35 | 580 |
| AUBANK | 502.85 | 530 |
| AUROPHARMA | 1094.75 | 1100 |
| AXISBANK | 1010.2 | 1020 |
| BAJAJ-AUTO | 7504.7 | 7600 |
| BAJAJFINSV | 1807.45 | 1820 |
| BAJFINANCE | 8420.45 | 8400 |
| BALKRISIND | 2499.05 | 2520 |
| BANDHANBNK | 139.84 | 145 |
| BANKBARODA | 205.52 | 210 |
| BANKINDIA | 94.12 | 96 |
| BEL | 280.07 | 275 |
| BERGEPAINT | 488.2 | 490 |
| BHARATFORG | 1039.25 | 1040 |
| BHARTIARTL | 1632.5 | 1640 |
| BHEL | 193.33 | 200 |
| BIOCON | 323.05 | 320 |
| BOSCHLTD | 26378.35 | 27000 |
| BPCL | 264.41 | 260 |
| BRITANNIA | 4728.25 | 4750 |
| BSE | 3926.25 | 4300 |
| BSOFT | 385.75 | 400 |
| CAMS | 3410.1 | 3400 |
| CANBK | 82.9 | 85 |
| CDSL | 1071 | 1100 |
| CESC | 138.67 | 135 |
| CGPOWER | 599.1 | 600 |
| CHAMBLFERT | 556.55 | 560 |
| CHOLAFIN | 1444.7 | 1420 |
| CIPLA | 1461.9 | 1440 |
| COALINDIA | 378.3 | 380 |
| COFORGE | 7292.25 | 7500 |
| COLPAL | 2411.7 | 2480 |
| CONCOR | 640.25 | 670 |
| CROMPTON | 344.25 | 350 |
| CUMMINSIND | 2835.25 | 2850 |
| CYIENT | 1192.35 | 1240 |
| DABUR | 500.95 | 500 |
| DALBHARAT | 1607.1 | 1680 |
| DEEPAKNTR | 1948.6 | 1900 |
| DELHIVERY | 241.76 | 250 |
| DIVISLAB | 5620.45 | 5650 |
| DIXON | 13324.05 | 13500 |
| DLF | 658.1 | 660 |
| DMART | 3797.1 | 3750 |
| DRREDDY | 1107.95 | 1120 |
| EICHERMOT | 5015.25 | 5000 |
| ESCORTS | 2908.5 | 3000 |
| EXIDEIND | 333 | 350 |
| FEDERALBNK | 176.6 | 180 |
| GAIL | 157.96 | 160 |
| GLENMARK | 1405.15 | 1380 |
| GMRAIRPORT | 74.33 | 72 |
| GODREJCP | 1025.8 | 1030 |
| GODREJPROP | 1969.1 | 2000 |
| GRANULES | 470.65 | 490 |
| GRASIM | 2370.2 | 2400 |
| HAL | 3396.15 | 3450 |
| HAVELLS | 1458.65 | 1460 |
| HCLTECH | 1534.75 | 1560 |
| HDFCAMC | 3725.1 | 3750 |
| HDFCBANK | 1706.6 | 1720 |
| HDFCLIFE | 622.4 | 620 |
| HEROMOTOCO | 3529.15 | 3650 |
| HFCL | 77.55 | 82.5 |
| HINDALCO | 677.35 | 660 |
| HINDCOPPER | 215.8 | 225 |
| HINDPETRO | 323.7 | 325 |
| HINDUNILVR | 2174.8 | 2220 |
| HUDCO | 180.76 | 180 |
| ICICIBANK | 1250.05 | 1250 |
| ICICIGI | 1678.75 | 1680 |
| ICICIPRULI | 536.6 | 550 |
| IDEA | 6.95 | 8 |
| IDFCFIRSTB | 53.48 | 57 |
| IEX | 153.56 | 160 |
| IGL | 184.88 | 190 |
| IIFL | 313.25 | 310 |
| INDHOTEL | 750.45 | 750 |
| INDIANB | 490.4 | 500 |
| INDIGO | 4700.85 | 4600 |
| INDUSINDBK | 672.35 | 750 |
| INDUSTOWER | 327 | 330 |
| INFY | 1579.85 | 1600 |
| IOC | 125.67 | 125 |
| IRB | 42.8 | 45 |
| IRCTC | 689.05 | 700 |
| IREDA | 139.85 | 140 |
| IRFC | 117.69 | 117.5 |
| ITC | 412.05 | 410 |
| JINDALSTEL | 889.7 | 900 |
| JIOFIN | 222.6 | 220 |
| JKCEMENT | 4271.3 | 4400 |
| JSL | 632.3 | 640 |
| JSWENERGY | 514.1 | 500 |
| JSWSTEEL | 1001.2 | 1000 |
| JUBLFOOD | 596.35 | 610 |
| KALYANKJIL | 430.9 | 420 |
| KEI | 3053.95 | 3000 |
| KOTAKBANK | 1985.1 | 1960 |
| KPITTECH | 1206.45 | 1260 |
| LAURUSLABS | 574.05 | 560 |
| LICHSGFIN | 515.6 | 520 |
| LICI | 740.15 | 760 |
| LODHA | 1055.25 | 1100 |
| LT | 3187.3 | 3250 |
| LTF | 138.64 | 140 |
| LTIM | 4467.05 | 4700 |
| LTTS | 4378.2 | 4500 |
| LUPIN | 1968.45 | 1980 |
| M&M | 2643.5 | 2700 |
| M&MFIN | 271.35 | 275 |
| MANAPPURAM | 208.14 | 200 |
| MARICO | 606.3 | 610 |
| MARUTI | 11513.8 | 11700 |
| MAXHEALTH | 990.7 | 1000 |
| MCX | 4808.45 | 4900 |
| MFSL | 1052.55 | 1040 |
| MGL | 1285.95 | 1300 |
| MOTHERSON | 121.76 | 125 |
| MPHASIS | 2205.15 | 2250 |
| MRF | 105041.6 | 105000 |
| MUTHOOTFIN | 2196.35 | 2180 |
| NATIONALUM | 187.87 | 190 |
| NAUKRI | 6382.55 | 6700 |
| NBCC | 77.89 | 80 |
| NCC | 185.86 | 185 |
| NESTLEIND | 2191.95 | 2220 |
| NHPC | 77.57 | 77 |
| NMDC | 63.8 | 65 |
| NTPC | 331.9 | 325 |
| NYKAA | 164.56 | 165 |
| OBEROIRLTY | 1533.5 | 1560 |
| OFSS | 7328 | 7500 |
| OIL | 375.5 | 370 |
| ONGC | 225.43 | 227.5 |
| PAGEIND | 40099.25 | 40000 |
| PATANJALI | 1718.6 | 1700 |
| PAYTM | 682.85 | 700 |
| PEL | 885.95 | 920 |
| PERSISTENT | 5125.75 | 5200 |
| PETRONET | 281 | 290 |
| PFC | 388.35 | 390 |
| PHOENIXLTD | 1564.5 | 1600 |
| PIDILITIND | 2729.9 | 2740 |
| PIIND | 3297.3 | 3200 |
| PNB | 87.2 | 90 |
| POLICYBZR | 1331.9 | 1400 |
| POLYCAB | 5003.1 | 5000 |
| POONAWALLA | 281.35 | 280 |
| POWERGRID | 267.65 | 265 |
| PRESTIGE | 1129.6 | 1150 |
| RAMCOCEM | 801.55 | 820 |
| RBLBANK | 156.32 | 160 |
| RECLTD | 406.65 | 400 |
| RELIANCE | 1247.9 | 1240 |
| SAIL | 105.89 | 110 |
| SBICARD | 829.85 | 840 |
| SBILIFE | 1385.55 | 1420 |
| SBIN | 727.85 | 730 |
| SHREECEM | 27495.15 | 27750 |
| SHRIRAMFIN | 619.55 | 620 |
| SIEMENS | 4927.9 | 5000 |
| SJVN | 85.42 | 85 |
| SOLARINDS | 10097.15 | 9800 |
| SONACOMS | 485.8 | 500 |
| SRF | 2951.8 | 2860 |
| SUNPHARMA | 1683.45 | 1640 |
| SUPREMEIND | 3343.75 | 3400 |
| SYNGENE | 666.2 | 680 |
| TATACHEM | 796.1 | 820 |
| TATACOMM | 1503.95 | 1460 |
| TATACONSUM | 946.1 | 960 |
| TATAELXSI | 5236.75 | 5400 |
| TATAMOTORS | 655.5 | 650 |
| TATAPOWER | 350.75 | 360 |
| TATASTEEL | 150.88 | 150 |
| TATATECH | 636.8 | 650 |
| TCS | 3511.05 | 3600 |
| TECHM | 1440.65 | 1480 |
| TIINDIA | 2926.55 | 2800 |
| TITAGARH | 694.3 | 700 |
| TITAN | 3010.15 | 3100 |
| TORNTPHARM | 3056.05 | 3000 |
| TORNTPOWER | 1291.2 | 1340 |
| TRENT | 5022.4 | 5000 |
| TVSMOTOR | 2250.9 | 2300 |
| ULTRACEMCO | 10452.1 | 10400 |
| UNIONBANK | 113.7 | 115 |
| UNITDSPR | 1353.7 | 1300 |
| UPL | 601.45 | 620 |
| USDINR | 87.09 | 77.25 |
| VBL | 488.15 | 480 |
| VEDL | 442.95 | 440 |
| VOLTAS | 1402.55 | 1380 |
| WIPRO | 264 | 270 |
| YESBANK | 16.19 | 17 |
| ZOMATO | 201.43 | 210 |
| ZYDUSLIFE | 883.1 | 900 |
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.
