ONGC
Oil And Natural Gas Corp.
Max pain for ONGC
28 Feb 2025 04:12 PM IST
Max Pain for ONGC is 235
Strike 190 has a total call value of 0 versus a total put value of 61,391,137,500 Combined total value = 61,391,137,500
Strike 192.5 has a total call value of 0 versus a total put value of 58,214,887,500 Combined total value = 58,214,887,500
Strike 195 has a total call value of 0 versus a total put value of 55,038,637,500 Combined total value = 55,038,637,500
Strike 197.5 has a total call value of 0 versus a total put value of 51,941,312,500 Combined total value = 51,941,312,500
Strike 200 has a total call value of 0 versus a total put value of 48,843,987,500 Combined total value = 48,843,987,500
Strike 202.5 has a total call value of 1,443,750 versus a total put value of 45,878,525,000 Combined total value = 45,879,968,750
Strike 205 has a total call value of 2,887,500 versus a total put value of 42,913,062,500 Combined total value = 42,915,950,000
Strike 207.5 has a total call value of 4,331,250 versus a total put value of 39,977,918,750 Combined total value = 39,982,250,000
Strike 210 has a total call value of 8,181,250 versus a total put value of 37,056,731,250 Combined total value = 37,064,912,500
Strike 212.5 has a total call value of 18,287,500 versus a total put value of 34,257,300,000 Combined total value = 34,275,587,500
Strike 215 has a total call value of 34,168,750 versus a total put value of 31,476,637,500 Combined total value = 31,510,806,250
Strike 217.5 has a total call value of 65,450,000 versus a total put value of 28,762,868,750 Combined total value = 28,828,318,750
Strike 220 has a total call value of 105,875,000 versus a total put value of 26,090,006,250 Combined total value = 26,195,881,250
Strike 222.5 has a total call value of 221,375,000 versus a total put value of 23,726,106,250 Combined total value = 23,947,481,250
Strike 225 has a total call value of 391,737,500 versus a total put value of 21,423,806,250 Combined total value = 21,815,543,750
Strike 227.5 has a total call value of 666,531,250 versus a total put value of 19,297,162,500 Combined total value = 19,963,693,750
Strike 230 has a total call value of 1,035,650,000 versus a total put value of 17,255,218,750 Combined total value = 18,290,868,750
Strike 232.5 has a total call value of 1,797,468,750 versus a total put value of 15,885,581,250 Combined total value = 17,683,050,000
Strike 235 has a total call value of 2,666,125,000 versus a total put value of 14,583,318,750 Combined total value = 17,249,443,750
Strike 237.5 has a total call value of 4,044,425,000 versus a total put value of 13,498,100,000 Combined total value = 17,542,525,000
Strike 240 has a total call value of 5,488,175,000 versus a total put value of 12,438,387,500 Combined total value = 17,926,562,500
Strike 242.5 has a total call value of 7,349,168,750 versus a total put value of 11,619,300,000 Combined total value = 18,968,468,750
Strike 245 has a total call value of 9,294,381,250 versus a total put value of 10,810,800,000 Combined total value = 20,105,181,250
Strike 247.5 has a total call value of 11,492,250,000 versus a total put value of 10,041,762,500 Combined total value = 21,534,012,500
Strike 250 has a total call value of 13,756,531,250 versus a total put value of 9,276,575,000 Combined total value = 23,033,106,250
Strike 252.5 has a total call value of 16,706,112,500 versus a total put value of 8,620,150,000 Combined total value = 25,326,262,500
Strike 255 has a total call value of 19,702,856,250 versus a total put value of 7,963,725,000 Combined total value = 27,666,581,250
Strike 257.5 has a total call value of 22,919,531,250 versus a total put value of 7,307,300,000 Combined total value = 30,226,831,250
Strike 260 has a total call value of 26,198,768,750 versus a total put value of 6,650,875,000 Combined total value = 32,849,643,750
Strike 262.5 has a total call value of 29,917,868,750 versus a total put value of 6,137,381,250 Combined total value = 36,055,250,000
Strike 265 has a total call value of 33,646,593,750 versus a total put value of 5,623,887,500 Combined total value = 39,270,481,250
Strike 267.5 has a total call value of 37,439,806,250 versus a total put value of 5,110,393,750 Combined total value = 42,550,200,000
Strike 270 has a total call value of 41,233,018,750 versus a total put value of 4,596,900,000 Combined total value = 45,829,918,750
Strike 272.5 has a total call value of 45,237,981,250 versus a total put value of 4,083,406,250 Combined total value = 49,321,387,500
Strike 275 has a total call value of 49,242,943,750 versus a total put value of 3,569,912,500 Combined total value = 52,812,856,250
Strike 277.5 has a total call value of 53,260,418,750 versus a total put value of 3,060,268,750 Combined total value = 56,320,687,500
Strike 280 has a total call value of 57,277,893,750 versus a total put value of 2,550,625,000 Combined total value = 59,828,518,750
Strike 282.5 has a total call value of 61,487,868,750 versus a total put value of 2,150,706,250 Combined total value = 63,638,575,000
Strike 285 has a total call value of 65,697,843,750 versus a total put value of 1,750,787,500 Combined total value = 67,448,631,250
Strike 287.5 has a total call value of 69,907,818,750 versus a total put value of 1,350,868,750 Combined total value = 71,258,687,500
Strike 290 has a total call value of 74,117,793,750 versus a total put value of 950,950,000 Combined total value = 75,068,743,750
Strike 292.5 has a total call value of 78,518,343,750 versus a total put value of 713,212,500 Combined total value = 79,231,556,250
Strike 295 has a total call value of 82,918,893,750 versus a total put value of 475,475,000 Combined total value = 83,394,368,750
Strike 297.5 has a total call value of 87,319,443,750 versus a total put value of 237,737,500 Combined total value = 87,557,181,250
Strike 300 has a total call value of 91,719,993,750 versus a total put value of 0 Combined total value = 91,719,993,750
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 376 | 400 |
| ABB | 4935.4 | 5200 |
| ABCAPITAL | 156.33 | 165 |
| ABFRL | 242.15 | 255 |
| ACC | 1818.55 | 2000 |
| ADANIENSOL | 650.9 | 680 |
| ADANIENT | 2096 | 2500 |
| ADANIGREEN | 774.4 | 820 |
| ADANIPORTS | 1069.4 | 1100 |
| ALKEM | 4646.2 | 4650 |
| AMBUJACEM | 464.95 | 510 |
| ANGELONE | 2169.15 | 2100 |
| APLAPOLLO | 1438.95 | 1460 |
| APOLLOHOSP | 6052.6 | 6200 |
| APOLLOTYRE | 374.3 | 400 |
| ASHOKLEY | 212.94 | 220 |
| ASIANPAINT | 2179.75 | 2260 |
| ASTRAL | 1337.25 | 1400 |
| ATGL | 557.15 | 560 |
| AUBANK | 565.7 | 555 |
| AUROPHARMA | 1058.3 | 1100 |
| AXISBANK | 1015.55 | 1030 |
| BAJAJ-AUTO | 7902.9 | 8300 |
| BAJAJFINSV | 1872.3 | 1900 |
| BAJFINANCE | 8530.3 | 8500 |
| BALKRISIND | 2615.65 | 2700 |
| BANDHANBNK | 141.19 | 145 |
| BANKBARODA | 197.07 | 215 |
| BANKINDIA | 95.16 | 100 |
| BEL | 246.25 | 260 |
| BERGEPAINT | 488.55 | 490 |
| BHARATFORG | 1016.5 | 1040 |
| BHARTIARTL | 1570.2 | 1620 |
| BHEL | 179.17 | 195 |
| BIOCON | 302.45 | 320 |
| BOSCHLTD | 26544 | 30000 |
| BPCL | 237.3 | 250 |
| BRITANNIA | 4595.45 | 4800 |
| BSE | 4633.7 | 5100 |
| BSOFT | 424.05 | 450 |
| CAMS | 3143.1 | 3300 |
| CANBK | 80.9 | 88 |
| CDSL | 1107.9 | 1200 |
| CESC | 130.79 | 135 |
| CGPOWER | 572.6 | 580 |
| CHAMBLFERT | 533.7 | 550 |
| CHOLAFIN | 1400.75 | 1400 |
| CIPLA | 1407.5 | 1460 |
| COALINDIA | 369.35 | 380 |
| COFORGE | 7362.15 | 7400 |
| COLPAL | 2464.6 | 2500 |
| CONCOR | 623.7 | 680 |
| CROMPTON | 321.15 | 330 |
| CUMMINSIND | 2717.95 | 2800 |
| CYIENT | 1267.15 | 1300 |
| DABUR | 493.3 | 510 |
| DALBHARAT | 1689.65 | 1700 |
| DEEPAKNTR | 1851.3 | 1900 |
| DELHIVERY | 249.85 | 260 |
| DIVISLAB | 5480.25 | 5650 |
| DIXON | 13935.85 | 14000 |
| DLF | 635.55 | 670 |
| DMART | 3403.95 | 3550 |
| DRREDDY | 1116.5 | 1150 |
| EICHERMOT | 4773.6 | 4950 |
| ESCORTS | 2868.95 | 3000 |
| EXIDEIND | 347.8 | 370 |
| FEDERALBNK | 177.62 | 180 |
| GAIL | 156.04 | 160 |
| GLENMARK | 1278.95 | 1300 |
| GMRAIRPORT | 69.47 | 71 |
| GODREJCP | 1005.15 | 1030 |
| GODREJPROP | 1936.3 | 2000 |
| GRANULES | 461.8 | 490 |
| GRASIM | 2306.65 | 2360 |
| HAL | 3088.2 | 3400 |
| HAVELLS | 1421.8 | 1440 |
| HCLTECH | 1575.05 | 1640 |
| HDFCAMC | 3628.3 | 3800 |
| HDFCBANK | 1732.4 | 1720 |
| HDFCLIFE | 608.5 | 620 |
| HEROMOTOCO | 3681.1 | 3800 |
| HFCL | 79.19 | 85 |
| HINDALCO | 634.35 | 630 |
| HINDCOPPER | 202.32 | 220 |
| HINDPETRO | 293.75 | 310 |
| HINDUNILVR | 2190.25 | 2300 |
| HUDCO | 165.14 | 180 |
| ICICIBANK | 1204.1 | 1250 |
| ICICIGI | 1690.95 | 1720 |
| ICICIPRULI | 551.6 | 560 |
| IDEA | 7.55 | 8 |
| IDFCFIRSTB | 58.39 | 61 |
| IEX | 155.93 | 165 |
| IGL | 189.48 | 195 |
| INDHOTEL | 716.1 | 740 |
| INDIANB | 510.8 | 520 |
| INDIGO | 4477.3 | 4500 |
| INDUSINDBK | 990.1 | 1040 |
| INDUSTOWER | 323.35 | 345 |
| INFY | 1687.7 | 1760 |
| IOC | 113.49 | 120 |
| IRB | 43.26 | 45 |
| IRCTC | 670.95 | 710 |
| IRFC | 112.42 | 115 |
| ITC | 395 | 405 |
| JINDALSTEL | 856.15 | 880 |
| JIOFIN | 207.61 | 220 |
| JKCEMENT | 4389.35 | 4500 |
| JSL | 584.85 | 610 |
| JSWENERGY | 464.1 | 460 |
| JSWSTEEL | 950.7 | 970 |
| JUBLFOOD | 626.1 | 650 |
| KALYANKJIL | 462.25 | 460 |
| KEI | 3070.15 | 3000 |
| KOTAKBANK | 1902.95 | 1940 |
| KPITTECH | 1197.4 | 1260 |
| LAURUSLABS | 527.2 | 540 |
| LICHSGFIN | 496.9 | 530 |
| LICI | 740.5 | 760 |
| LODHA | 1130.9 | 1200 |
| LT | 3163.85 | 3300 |
| LTF | 134.73 | 140 |
| LTIM | 4665.95 | 5000 |
| LTTS | 4533.2 | 4700 |
| LUPIN | 1904.65 | 1900 |
| M&M | 2585.1 | 2700 |
| M&MFIN | 270.6 | 280 |
| MANAPPURAM | 200.96 | 200 |
| MARICO | 600.6 | 620 |
| MARUTI | 11945.85 | 12200 |
| MAXHEALTH | 978.1 | 1020 |
| MCX | 4991.65 | 5400 |
| MFSL | 998.1 | 1040 |
| MGL | 1237.5 | 1300 |
| MOTHERSON | 118.59 | 125 |
| MPHASIS | 2247.25 | 2350 |
| MRF | 105373.7 | 110000 |
| MUTHOOTFIN | 2132.8 | 2200 |
| NATIONALUM | 177.6 | 186 |
| NAUKRI | 6992.65 | 7300 |
| NBCC | 72.86 | 77.5 |
| NCC | 175 | 180 |
| NESTLEIND | 2189.65 | 2260 |
| NHPC | 72.9 | 75 |
| NMDC | 62.48 | 69 |
| NTPC | 311.45 | 320 |
| NYKAA | 158.8 | 160 |
| OBEROIRLTY | 1484.5 | 1520 |
| OFSS | 7763.9 | 8000 |
| OIL | 342.7 | 370 |
| ONGC | 225.25 | 235 |
| PAGEIND | 40515.95 | 42000 |
| PAYTM | 714.95 | 740 |
| PEL | 872.4 | 940 |
| PERSISTENT | 5303.9 | 5400 |
| PETRONET | 283.3 | 290 |
| PFC | 364.3 | 390 |
| PHOENIXLTD | 1548.1 | 1500 |
| PIDILITIND | 2657.9 | 2800 |
| PIIND | 3013.95 | 3100 |
| PNB | 87.39 | 95 |
| POLICYBZR | 1463.6 | 1550 |
| POLYCAB | 4713.4 | 4900 |
| POONAWALLA | 281.3 | 280 |
| POWERGRID | 250.85 | 265 |
| PRESTIGE | 1126.6 | 1150 |
| RAMCOCEM | 829 | 850 |
| RBLBANK | 158.34 | 160 |
| RECLTD | 360.3 | 390 |
| RELIANCE | 1200.1 | 1250 |
| SAIL | 105.02 | 110 |
| SBICARD | 838.8 | 850 |
| SBILIFE | 1430.5 | 1480 |
| SBIN | 688.8 | 720 |
| SHREECEM | 27284 | 27250 |
| SHRIRAMFIN | 617.3 | 610 |
| SIEMENS | 4623.5 | 4800 |
| SJVN | 84.11 | 87.5 |
| SOLARINDS | 8710.6 | 9000 |
| SONACOMS | 493.9 | 500 |
| SRF | 2795.4 | 2800 |
| SUNPHARMA | 1593.25 | 1640 |
| SUPREMEIND | 3329 | 3500 |
| SYNGENE | 652.4 | 700 |
| TATACHEM | 777.35 | 840 |
| TATACOMM | 1352.5 | 1400 |
| TATACONSUM | 963.7 | 1000 |
| TATAELXSI | 5411.1 | 5500 |
| TATAMOTORS | 620.65 | 660 |
| TATAPOWER | 339.2 | 360 |
| TATASTEEL | 137.2 | 140 |
| TCS | 3483.25 | 3650 |
| TECHM | 1487.85 | 1560 |
| TIINDIA | 2462.15 | 2600 |
| TITAN | 3077.25 | 3200 |
| TORNTPHARM | 2948.1 | 3000 |
| TORNTPOWER | 1262.95 | 1300 |
| TRENT | 4851.55 | 5000 |
| TVSMOTOR | 2225.5 | 2320 |
| ULTRACEMCO | 10128.45 | 10500 |
| UNIONBANK | 112.1 | 115 |
| UNITDSPR | 1284.45 | 1300 |
| UPL | 632.95 | 640 |
| USDINR | 0 | 77.25 |
| VBL | 436.05 | 470 |
| VEDL | 394.75 | 430 |
| VOLTAS | 1320.1 | 1300 |
| WIPRO | 277.65 | 290 |
| YESBANK | 16.75 | 18 |
| ZOMATO | 222.1 | 230 |
| ZYDUSLIFE | 876.6 | 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.
