ONGC
Oil And Natural Gas Corp.
Max pain for ONGC
25 Apr 2025 04:11 PM IST
Max Pain for ONGC is 250
Strike 175 has a total call value of 0 versus a total put value of 98,618,231,250 Combined total value = 98,618,231,250
Strike 177.5 has a total call value of 0 versus a total put value of 94,814,912,500 Combined total value = 94,814,912,500
Strike 180 has a total call value of 0 versus a total put value of 91,011,593,750 Combined total value = 91,011,593,750
Strike 182.5 has a total call value of 0 versus a total put value of 87,251,106,250 Combined total value = 87,251,106,250
Strike 185 has a total call value of 0 versus a total put value of 83,490,618,750 Combined total value = 83,490,618,750
Strike 187.5 has a total call value of 0 versus a total put value of 79,731,093,750 Combined total value = 79,731,093,750
Strike 190 has a total call value of 0 versus a total put value of 75,971,568,750 Combined total value = 75,971,568,750
Strike 192.5 has a total call value of 0 versus a total put value of 72,212,043,750 Combined total value = 72,212,043,750
Strike 195 has a total call value of 0 versus a total put value of 68,452,518,750 Combined total value = 68,452,518,750
Strike 197.5 has a total call value of 0 versus a total put value of 64,697,806,250 Combined total value = 64,697,806,250
Strike 200 has a total call value of 0 versus a total put value of 60,946,462,500 Combined total value = 60,946,462,500
Strike 202.5 has a total call value of 6,737,500 versus a total put value of 57,510,818,750 Combined total value = 57,517,556,250
Strike 205 has a total call value of 13,475,000 versus a total put value of 54,075,175,000 Combined total value = 54,088,650,000
Strike 207.5 has a total call value of 20,212,500 versus a total put value of 50,746,850,000 Combined total value = 50,767,062,500
Strike 210 has a total call value of 26,950,000 versus a total put value of 47,418,525,000 Combined total value = 47,445,475,000
Strike 212.5 has a total call value of 33,687,500 versus a total put value of 44,240,831,250 Combined total value = 44,274,518,750
Strike 215 has a total call value of 40,425,000 versus a total put value of 41,075,650,000 Combined total value = 41,116,075,000
Strike 217.5 has a total call value of 48,606,250 versus a total put value of 37,940,787,500 Combined total value = 37,989,393,750
Strike 220 has a total call value of 56,787,500 versus a total put value of 34,845,387,500 Combined total value = 34,902,175,000
Strike 222.5 has a total call value of 84,218,750 versus a total put value of 31,980,987,500 Combined total value = 32,065,206,250
Strike 225 has a total call value of 111,650,000 versus a total put value of 29,147,387,500 Combined total value = 29,259,037,500
Strike 227.5 has a total call value of 141,006,250 versus a total put value of 26,437,950,000 Combined total value = 26,578,956,250
Strike 230 has a total call value of 174,693,750 versus a total put value of 23,771,343,750 Combined total value = 23,946,037,500
Strike 232.5 has a total call value of 279,606,250 versus a total put value of 21,286,168,750 Combined total value = 21,565,775,000
Strike 235 has a total call value of 397,512,500 versus a total put value of 18,836,606,250 Combined total value = 19,234,118,750
Strike 237.5 has a total call value of 541,406,250 versus a total put value of 16,701,781,250 Combined total value = 17,243,187,500
Strike 240 has a total call value of 721,393,750 versus a total put value of 14,615,562,500 Combined total value = 15,336,956,250
Strike 242.5 has a total call value of 1,017,362,500 versus a total put value of 12,805,581,250 Combined total value = 13,822,943,750
Strike 245 has a total call value of 1,341,725,000 versus a total put value of 11,045,650,000 Combined total value = 12,387,375,000
Strike 247.5 has a total call value of 1,773,887,500 versus a total put value of 9,416,137,500 Combined total value = 11,190,025,000
Strike 250 has a total call value of 2,275,831,250 versus a total put value of 7,913,675,000 Combined total value = 10,189,506,250
Strike 252.5 has a total call value of 3,491,468,750 versus a total put value of 6,889,575,000 Combined total value = 10,381,043,750
Strike 255 has a total call value of 4,867,362,500 versus a total put value of 5,942,475,000 Combined total value = 10,809,837,500
Strike 257.5 has a total call value of 6,531,043,750 versus a total put value of 5,106,062,500 Combined total value = 11,637,106,250
Strike 260 has a total call value of 8,249,587,500 versus a total put value of 4,291,787,500 Combined total value = 12,541,375,000
Strike 262.5 has a total call value of 10,407,993,750 versus a total put value of 3,673,381,250 Combined total value = 14,081,375,000
Strike 265 has a total call value of 12,637,625,000 versus a total put value of 3,079,518,750 Combined total value = 15,717,143,750
Strike 267.5 has a total call value of 15,361,500,000 versus a total put value of 2,553,031,250 Combined total value = 17,914,531,250
Strike 270 has a total call value of 18,114,250,000 versus a total put value of 2,035,206,250 Combined total value = 20,149,456,250
Strike 272.5 has a total call value of 21,234,193,750 versus a total put value of 1,645,875,000 Combined total value = 22,880,068,750
Strike 275 has a total call value of 24,383,493,750 versus a total put value of 1,260,875,000 Combined total value = 25,644,368,750
Strike 277.5 has a total call value of 27,652,625,000 versus a total put value of 875,875,000 Combined total value = 28,528,500,000
Strike 280 has a total call value of 30,921,756,250 versus a total put value of 490,875,000 Combined total value = 31,412,631,250
Strike 282.5 has a total call value of 34,464,718,750 versus a total put value of 245,437,500 Combined total value = 34,710,156,250
Strike 285 has a total call value of 38,007,681,250 versus a total put value of 0 Combined total value = 38,007,681,250
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 428.95 | 435 |
| ABB | 5499 | 5600 |
| ABCAPITAL | 195.94 | 205 |
| ABFRL | 264.15 | 270 |
| ACC | 1938 | 2040 |
| ADANIENSOL | 914.35 | 920 |
| ADANIENT | 2354.3 | 2520 |
| ADANIGREEN | 912.55 | 960 |
| ADANIPORTS | 1193 | 1240 |
| ALKEM | 5033.5 | 5100 |
| AMBUJACEM | 548.7 | 580 |
| ANGELONE | 2328.4 | 2400 |
| APLAPOLLO | 1616.9 | 1600 |
| APOLLOHOSP | 6953 | 7100 |
| APOLLOTYRE | 461.4 | 465 |
| ASHOKLEY | 225.04 | 225 |
| ASIANPAINT | 2431.6 | 2460 |
| ASTRAL | 1343.6 | 1380 |
| ATGL | 600 | 630 |
| AUBANK | 675.15 | 650 |
| AUROPHARMA | 1220.1 | 1220 |
| AXISBANK | 1166.3 | 1190 |
| BAJAJ-AUTO | 8034 | 8300 |
| BAJAJFINSV | 2045.5 | 2060 |
| BAJFINANCE | 9112 | 9200 |
| BALKRISIND | 2518.2 | 2560 |
| BANDHANBNK | 165.45 | 170 |
| BANKBARODA | 246.79 | 250 |
| BANKINDIA | 115.29 | 117 |
| BEL | 297.6 | 300 |
| BHARATFORG | 1088.5 | 1100 |
| BHARTIARTL | 1817.2 | 1840 |
| BHEL | 222.37 | 230 |
| BIOCON | 311.85 | 330 |
| BOSCHLTD | 27995 | 28000 |
| BPCL | 295.7 | 300 |
| BRITANNIA | 5420.5 | 5450 |
| BSE | 6303.5 | 6200 |
| BSOFT | 386.05 | 400 |
| CAMS | 3938.1 | 4000 |
| CANBK | 96.53 | 100 |
| CDSL | 1330.9 | 1300 |
| CESC | 153.96 | 160 |
| CGPOWER | 633.1 | 650 |
| CHAMBLFERT | 676.85 | 680 |
| CHOLAFIN | 1543.5 | 1540 |
| CIPLA | 1525.9 | 1540 |
| COALINDIA | 393.15 | 405 |
| COFORGE | 7390 | 7200 |
| COLPAL | 2671.4 | 2640 |
| CONCOR | 678.75 | 710 |
| CROMPTON | 334.85 | 340 |
| CUMMINSIND | 2861.1 | 2950 |
| CYIENT | 1170.8 | 1180 |
| DABUR | 484.6 | 490 |
| DALBHARAT | 1965.9 | 1920 |
| DEEPAKNTR | 1961.3 | 2000 |
| DELHIVERY | 304.9 | 300 |
| DIVISLAB | 6012.5 | 6100 |
| DIXON | 16219 | 16000 |
| DLF | 653.55 | 680 |
| DMART | 4375.2 | 4400 |
| DRREDDY | 1174.8 | 1180 |
| EICHERMOT | 5575.5 | 5700 |
| ESCORTS | 3333.7 | 3400 |
| ETERNAL | 228.81 | 230 |
| EXIDEIND | 370.5 | 385 |
| FEDERALBNK | 196.49 | 200 |
| GAIL | 186.74 | 195 |
| GLENMARK | 1360.7 | 1400 |
| GMRAIRPORT | 85.5 | 87 |
| GODREJCP | 1266.5 | 1240 |
| GODREJPROP | 2085.3 | 2100 |
| GRANULES | 452.55 | 480 |
| GRASIM | 2734.8 | 2700 |
| HAL | 4196.4 | 4300 |
| HAVELLS | 1599.8 | 1600 |
| HCLTECH | 1578.2 | 1560 |
| HDFCAMC | 4382.5 | 4400 |
| HDFCBANK | 1911.2 | 1920 |
| HDFCLIFE | 704.55 | 710 |
| HEROMOTOCO | 3895.5 | 3900 |
| HFCL | 81.15 | 85 |
| HINDALCO | 622.1 | 630 |
| HINDCOPPER | 213.48 | 230 |
| HINDPETRO | 380.7 | 390 |
| HINDUNILVR | 2332.2 | 2360 |
| HINDZINC | 445 | 450 |
| HUDCO | 220.24 | 225 |
| ICICIBANK | 1404.8 | 1410 |
| ICICIGI | 1854.1 | 1860 |
| ICICIPRULI | 595.8 | 600 |
| IDEA | 7.47 | 8 |
| IDFCFIRSTB | 66.08 | 66 |
| IEX | 190.5 | 192.5 |
| IGL | 178.2 | 180 |
| IIFL | 366.2 | 370 |
| INDHOTEL | 786.35 | 800 |
| INDIANB | 569.2 | 580 |
| INDIGO | 5313.5 | 5300 |
| INDUSINDBK | 822.35 | 820 |
| INDUSTOWER | 397.35 | 400 |
| INFY | 1480.2 | 1480 |
| INOXWIND | 172.14 | 170 |
| IOC | 134.65 | 139 |
| IRB | 46.91 | 48 |
| IRCTC | 751.85 | 780 |
| IREDA | 167.55 | 160 |
| IRFC | 128.8 | 130 |
| ITC | 427.8 | 430 |
| JINDALSTEL | 891.8 | 900 |
| JIOFIN | 253.05 | 255 |
| JSL | 559.4 | 580 |
| JSWENERGY | 482.7 | 500 |
| JSWSTEEL | 1028.4 | 1040 |
| JUBLFOOD | 694.3 | 700 |
| KALYANKJIL | 501.25 | 520 |
| KEI | 2967.1 | 3000 |
| KOTAKBANK | 2204.4 | 2200 |
| KPITTECH | 1221 | 1200 |
| LAURUSLABS | 625.65 | 640 |
| LICHSGFIN | 592.2 | 600 |
| LICI | 791.2 | 810 |
| LODHA | 1305.1 | 1300 |
| LT | 3272.1 | 3320 |
| LTF | 172.99 | 167.5 |
| LTIM | 4498.3 | 4500 |
| LUPIN | 2019.6 | 2060 |
| M&M | 2864.2 | 2900 |
| M&MFIN | 264.6 | 270 |
| MANAPPURAM | 226.93 | 230 |
| MARICO | 710.4 | 710 |
| MARUTI | 11698 | 11800 |
| MAXHEALTH | 1067.4 | 1100 |
| MCX | 6052.5 | 5800 |
| MFSL | 1266.4 | 1240 |
| MGL | 1279.6 | 1300 |
| MOTHERSON | 133.71 | 137.5 |
| MPHASIS | 2538.6 | 2500 |
| MRF | 128655 | 128000 |
| MUTHOOTFIN | 2093.2 | 2160 |
| NATIONALUM | 156.5 | 170 |
| NAUKRI | 7038.5 | 7100 |
| NBCC | 95.49 | 100 |
| NCC | 211.77 | 220 |
| NESTLEIND | 2413.5 | 2420 |
| NHPC | 86.07 | 88 |
| NMDC | 64.95 | 69 |
| NTPC | 356.45 | 365 |
| NYKAA | 191.57 | 190 |
| OBEROIRLTY | 1606.2 | 1640 |
| OFSS | 8604 | 8600 |
| OIL | 399.35 | 400 |
| ONGC | 246.33 | 250 |
| PAGEIND | 44605 | 45000 |
| PATANJALI | 1967 | 2000 |
| PAYTM | 875.65 | 880 |
| PEL | 981.2 | 1000 |
| PERSISTENT | 5273.5 | 5200 |
| PETRONET | 309.4 | 315 |
| PFC | 415.05 | 440 |
| PHOENIXLTD | 1629 | 1700 |
| PIDILITIND | 3011.2 | 3000 |
| PIIND | 3583.9 | 3650 |
| PNB | 99.29 | 103 |
| PNBHOUSING | 971.7 | 1000 |
| POLICYBZR | 1594.2 | 1640 |
| POLYCAB | 5507 | 5500 |
| POONAWALLA | 380.4 | 390 |
| POWERGRID | 306.5 | 315 |
| PRESTIGE | 1261.8 | 1300 |
| RAMCOCEM | 968.65 | 1000 |
| RBLBANK | 188.09 | 190 |
| RECLTD | 422.2 | 440 |
| RELIANCE | 1300.4 | 1300 |
| SAIL | 114.81 | 120 |
| SBICARD | 867.55 | 880 |
| SBILIFE | 1695.1 | 1680 |
| SBIN | 798.65 | 810 |
| SHREECEM | 30540 | 31000 |
| SHRIRAMFIN | 655.2 | 680 |
| SIEMENS | 2833.5 | 2900 |
| SJVN | 96.64 | 100 |
| SOLARINDS | 12757 | 13000 |
| SONACOMS | 453.65 | 460 |
| SRF | 2968.1 | 3000 |
| SUNPHARMA | 1787.4 | 1760 |
| SUPREMEIND | 3477.8 | 3500 |
| SYNGENE | 630.1 | 660 |
| TATACHEM | 826.45 | 880 |
| TATACOMM | 1569.6 | 1600 |
| TATACONSUM | 1155.7 | 1130 |
| TATAELXSI | 5612.5 | 5500 |
| TATAMOTORS | 655.25 | 670 |
| TATAPOWER | 387.6 | 400 |
| TATASTEEL | 138.85 | 142.5 |
| TATATECH | 693.2 | 680 |
| TCS | 3448 | 3400 |
| TECHM | 1462 | 1420 |
| TIINDIA | 2573.9 | 2600 |
| TITAGARH | 778.55 | 800 |
| TITAN | 3365.2 | 3360 |
| TORNTPHARM | 3238.9 | 3300 |
| TORNTPOWER | 1538.6 | 1600 |
| TRENT | 5145 | 5300 |
| TVSMOTOR | 2737.9 | 2700 |
| ULTRACEMCO | 12237 | 12000 |
| UNIONBANK | 124.94 | 130 |
| UNITDSPR | 1547.4 | 1520 |
| UPL | 661.85 | 670 |
| VBL | 521.95 | 530 |
| VEDL | 413.3 | 430 |
| VOLTAS | 1229.4 | 1300 |
| WIPRO | 240.9 | 242.5 |
| YESBANK | 17.77 | 18 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 859.65 | 870 |
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.
