ONGC
Oil And Natural Gas Corp.
Max pain for ONGC
21 Nov 2024 02:12 PM IST
Max Pain for ONGC is 250
Strike 214 has a total call value of 0 versus a total put value of 84,669,007,500 Combined total value = 84,669,007,500
Strike 215 has a total call value of 0 versus a total put value of 82,629,470,000 Combined total value = 82,629,470,000
Strike 219 has a total call value of 0 versus a total put value of 74,471,320,000 Combined total value = 74,471,320,000
Strike 220 has a total call value of 0 versus a total put value of 72,447,952,500 Combined total value = 72,447,952,500
Strike 224 has a total call value of 0 versus a total put value of 64,355,252,500 Combined total value = 64,355,252,500
Strike 225 has a total call value of 0 versus a total put value of 62,450,657,500 Combined total value = 62,450,657,500
Strike 229 has a total call value of 1,540,000 versus a total put value of 54,853,067,500 Combined total value = 54,854,607,500
Strike 230 has a total call value of 13,860,000 versus a total put value of 53,015,847,500 Combined total value = 53,029,707,500
Strike 234 has a total call value of 64,680,000 versus a total put value of 45,700,847,500 Combined total value = 45,765,527,500
Strike 235 has a total call value of 113,767,500 versus a total put value of 44,040,535,000 Combined total value = 44,154,302,500
Strike 239 has a total call value of 353,237,500 versus a total put value of 37,516,325,000 Combined total value = 37,869,562,500
Strike 240 has a total call value of 504,350,000 versus a total put value of 36,045,432,500 Combined total value = 36,549,782,500
Strike 244 has a total call value of 1,303,610,000 versus a total put value of 30,392,862,500 Combined total value = 31,696,472,500
Strike 245 has a total call value of 1,730,190,000 versus a total put value of 29,265,005,000 Combined total value = 30,995,195,000
Strike 249 has a total call value of 3,696,770,000 versus a total put value of 24,947,615,000 Combined total value = 28,644,385,000
Strike 250 has a total call value of 4,541,652,500 versus a total put value of 23,978,185,000 Combined total value = 28,519,837,500
Strike 254 has a total call value of 8,373,942,500 versus a total put value of 20,172,075,000 Combined total value = 28,546,017,500
Strike 255 has a total call value of 10,291,435,000 versus a total put value of 19,387,252,500 Combined total value = 29,678,687,500
Strike 259 has a total call value of 18,133,885,000 versus a total put value of 16,256,432,500 Combined total value = 34,390,317,500
Strike 260 has a total call value of 20,703,375,000 versus a total put value of 15,565,935,000 Combined total value = 36,269,310,000
Strike 264 has a total call value of 31,082,975,000 versus a total put value of 12,810,875,000 Combined total value = 43,893,850,000
Strike 265 has a total call value of 35,237,895,000 versus a total put value of 12,244,540,000 Combined total value = 47,482,435,000
Strike 269 has a total call value of 51,875,285,000 versus a total put value of 9,979,200,000 Combined total value = 61,854,485,000
Strike 270 has a total call value of 58,481,692,500 versus a total put value of 9,522,975,000 Combined total value = 68,004,667,500
Strike 274 has a total call value of 84,927,342,500 versus a total put value of 7,698,075,000 Combined total value = 92,625,417,500
Strike 275 has a total call value of 92,724,555,000 versus a total put value of 7,309,417,500 Combined total value = 100,033,972,500
Strike 279 has a total call value of 123,913,405,000 versus a total put value of 5,754,787,500 Combined total value = 129,668,192,500
Strike 280 has a total call value of 131,834,395,000 versus a total put value of 5,366,130,000 Combined total value = 137,200,525,000
Strike 284 has a total call value of 163,518,355,000 versus a total put value of 3,811,500,000 Combined total value = 167,329,855,000
Strike 285 has a total call value of 171,699,027,500 versus a total put value of 3,571,260,000 Combined total value = 175,270,287,500
Strike 289 has a total call value of 204,421,717,500 versus a total put value of 2,610,300,000 Combined total value = 207,032,017,500
Strike 290 has a total call value of 212,667,070,000 versus a total put value of 2,370,060,000 Combined total value = 215,037,130,000
Strike 294 has a total call value of 245,649,250,000 versus a total put value of 1,409,100,000 Combined total value = 247,058,350,000
Strike 295 has a total call value of 254,502,325,000 versus a total put value of 1,332,485,000 Combined total value = 255,834,810,000
Strike 299 has a total call value of 289,914,625,000 versus a total put value of 1,026,025,000 Combined total value = 290,940,650,000
Strike 300 has a total call value of 298,802,350,000 versus a total put value of 949,410,000 Combined total value = 299,751,760,000
Strike 304 has a total call value of 334,353,250,000 versus a total put value of 642,950,000 Combined total value = 334,996,200,000
Strike 305 has a total call value of 343,360,517,500 versus a total put value of 596,365,000 Combined total value = 343,956,882,500
Strike 309 has a total call value of 379,389,587,500 versus a total put value of 410,025,000 Combined total value = 379,799,612,500
Strike 310 has a total call value of 388,396,855,000 versus a total put value of 363,440,000 Combined total value = 388,760,295,000
Strike 314 has a total call value of 424,425,925,000 versus a total put value of 177,100,000 Combined total value = 424,603,025,000
Strike 315 has a total call value of 433,515,005,000 versus a total put value of 159,390,000 Combined total value = 433,674,395,000
Strike 319 has a total call value of 469,871,325,000 versus a total put value of 88,550,000 Combined total value = 469,959,875,000
Strike 320 has a total call value of 478,960,405,000 versus a total put value of 70,840,000 Combined total value = 479,031,245,000
Strike 324 has a total call value of 515,316,725,000 versus a total put value of 0 Combined total value = 515,316,725,000
Strike 325 has a total call value of 524,455,085,000 versus a total put value of 0 Combined total value = 524,455,085,000
Strike 329 has a total call value of 561,008,525,000 versus a total put value of 0 Combined total value = 561,008,525,000
Strike 330 has a total call value of 570,146,885,000 versus a total put value of 0 Combined total value = 570,146,885,000
Strike 334 has a total call value of 606,700,325,000 versus a total put value of 0 Combined total value = 606,700,325,000
Strike 335 has a total call value of 615,845,037,500 versus a total put value of 0 Combined total value = 615,845,037,500
Strike 339 has a total call value of 652,423,887,500 versus a total put value of 0 Combined total value = 652,423,887,500
Strike 340 has a total call value of 661,568,600,000 versus a total put value of 0 Combined total value = 661,568,600,000
Strike 344 has a total call value of 698,147,450,000 versus a total put value of 0 Combined total value = 698,147,450,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.85 | 470 |
| ABB | 6758.95 | 7000 |
| ABBOTINDIA | 27033.5 | 28000 |
| ABCAPITAL | 183.74 | 200 |
| ABFRL | 284.85 | 300 |
| ACC | 2040.95 | 2220 |
| ADANIENT | 2284 | 2640 |
| ADANIPORTS | 1132.15 | 1200 |
| ALKEM | 5581.65 | 5500 |
| AMBUJACEM | 496.4 | 540 |
| APOLLOHOSP | 6726.5 | 6900 |
| APOLLOTYRE | 484.5 | 480 |
| ASHOKLEY | 217.62 | 220 |
| ASIANPAINT | 2429.85 | 2540 |
| ASTRAL | 1713 | 1780 |
| ATUL | 7250.75 | 7500 |
| AUBANK | 593.8 | 590 |
| AUROPHARMA | 1219.25 | 1300 |
| AXISBANK | 1140.1 | 1150 |
| BAJAJ-AUTO | 9490.55 | 9700 |
| BAJAJFINSV | 1572.45 | 1620 |
| BAJFINANCE | 6476.9 | 6700 |
| BALKRISIND | 2740.45 | 2800 |
| BANDHANBNK | 166.56 | 177.5 |
| BANKBARODA | 229.8 | 240 |
| BATAINDIA | 1280.9 | 1310 |
| BEL | 275.1 | 285 |
| BERGEPAINT | 466.65 | 495 |
| BHARATFORG | 1297.8 | 1340 |
| BHARTIARTL | 1521.05 | 1540 |
| BHEL | 227.89 | 235 |
| BIOCON | 324.5 | 330 |
| BOSCHLTD | 34082.45 | 34000 |
| BPCL | 282.4 | 300 |
| BRITANNIA | 4772 | 5000 |
| BSOFT | 545.1 | 560 |
| CANBK | 94.86 | 100 |
| CANFINHOME | 822 | 830 |
| CHAMBLFERT | 459.95 | 480 |
| CHOLAFIN | 1210.85 | 1240 |
| CIPLA | 1459.65 | 1520 |
| COALINDIA | 405.6 | 425 |
| COFORGE | 8209.8 | 8000 |
| COLPAL | 2688 | 2800 |
| CONCOR | 768.5 | 810 |
| COROMANDEL | 1777.55 | 1720 |
| CROMPTON | 381.5 | 390 |
| CUB | 170.44 | 175 |
| CUMMINSIND | 3291.2 | 3400 |
| DABUR | 504.1 | 525 |
| DALBHARAT | 1779.7 | 1760 |
| DEEPAKNTR | 2623.1 | 2650 |
| DIVISLAB | 5955.7 | 5900 |
| DIXON | 15029.9 | 14750 |
| DLF | 777.3 | 780 |
| DRREDDY | 1193.65 | 1220 |
| EICHERMOT | 4908.7 | 4900 |
| ESCORTS | 3456.5 | 3600 |
| EXIDEIND | 416.35 | 440 |
| FEDERALBNK | 210.7 | 205 |
| GAIL | 188.71 | 197.5 |
| GLENMARK | 1466 | 1520 |
| GMRINFRA | 76.98 | 82 |
| GNFC | 556.6 | 570 |
| GODREJCP | 1180.4 | 1200 |
| GODREJPROP | 2711.8 | 2750 |
| GRANULES | 546.3 | 580 |
| GRASIM | 2548 | 2540 |
| GUJGASLTD | 454.15 | 480 |
| HAL | 3993.8 | 4200 |
| HAVELLS | 1632.35 | 1640 |
| HCLTECH | 1832.7 | 1820 |
| HDFCAMC | 4207.7 | 4300 |
| HDFCBANK | 1742.55 | 1740 |
| HDFCLIFE | 673.75 | 680 |
| HEROMOTOCO | 4756.6 | 4800 |
| HINDALCO | 646 | 650 |
| HINDCOPPER | 263.4 | 290 |
| HINDPETRO | 360.35 | 375 |
| HINDUNILVR | 2380 | 2480 |
| ICICIBANK | 1252.1 | 1260 |
| ICICIGI | 1817.85 | 1880 |
| ICICIPRULI | 679.9 | 690 |
| IDEA | 6.98 | 8 |
| IDFCFIRSTB | 63.21 | 66 |
| IEX | 161.41 | 170 |
| IGL | 311.95 | 330 |
| INDHOTEL | 791.35 | 760 |
| INDIAMART | 2249.6 | 2400 |
| INDIGO | 4062.8 | 4000 |
| INDUSINDBK | 974.65 | 1040 |
| INDUSTOWER | 330.3 | 340 |
| INFY | 1829.95 | 1800 |
| IOC | 131.08 | 140 |
| IPCALAB | 1568.85 | 1560 |
| IRCTC | 796.45 | 820 |
| ITC | 456.15 | 475 |
| JINDALSTEL | 874.45 | 900 |
| JKCEMENT | 4010 | 4000 |
| JSWSTEEL | 943.3 | 960 |
| JUBLFOOD | 610.3 | 620 |
| KOTAKBANK | 1736.3 | 1760 |
| LALPATHLAB | 3021.65 | 3100 |
| LAURUSLABS | 488.6 | 490 |
| LICHSGFIN | 611.8 | 630 |
| LT | 3491.85 | 3600 |
| LTF | 138 | 140 |
| LTIM | 5918.9 | 5900 |
| LTTS | 5176.8 | 5150 |
| LUPIN | 2040.4 | 2100 |
| M&M | 2942 | 2900 |
| M&MFIN | 257.15 | 265 |
| MANAPPURAM | 150.95 | 155 |
| MARICO | 590.95 | 600 |
| MARUTI | 10908.95 | 11000 |
| MCX | 6184.05 | 6200 |
| METROPOLIS | 2011 | 2060 |
| MFSL | 1176.05 | 1200 |
| MGL | 1118.35 | 1160 |
| MOTHERSON | 161.7 | 175 |
| MPHASIS | 2777.1 | 2850 |
| MRF | 123170.35 | 122500 |
| MUTHOOTFIN | 1907 | 1880 |
| NATIONALUM | 248.41 | 240 |
| NAUKRI | 7540.7 | 7700 |
| NAVINFLUOR | 3269.35 | 3400 |
| NESTLEIND | 2205.55 | 2280 |
| NMDC | 218.35 | 225 |
| NTPC | 356.2 | 370 |
| OBEROIRLTY | 1934.3 | 1960 |
| OFSS | 11142.05 | 11500 |
| ONGC | 242 | 250 |
| PAGEIND | 44577.95 | 45500 |
| PEL | 1052.85 | 1060 |
| PERSISTENT | 5731.5 | 5600 |
| PETRONET | 320.75 | 328 |
| PFC | 452.1 | 460 |
| PIDILITIND | 2944.95 | 3060 |
| PIIND | 4130 | 4200 |
| PNB | 96.8 | 102 |
| POLYCAB | 6429.95 | 6500 |
| POWERGRID | 322.1 | 320 |
| PVRINOX | 1443.7 | 1500 |
| RAMCOCEM | 916.1 | 900 |
| RBLBANK | 157.88 | 160 |
| RECLTD | 489.7 | 510 |
| RELIANCE | 1219.95 | 1290 |
| SAIL | 111.17 | 115 |
| SBICARD | 674.35 | 690 |
| SBILIFE | 1481.8 | 1520 |
| SBIN | 780.5 | 800 |
| SHREECEM | 24235.1 | 24500 |
| SHRIRAMFIN | 2804.55 | 2900 |
| SIEMENS | 6680 | 6800 |
| SRF | 2155.4 | 2260 |
| SUNPHARMA | 1765 | 1800 |
| SUNTV | 728.7 | 730 |
| SYNGENE | 844.6 | 870 |
| TATACHEM | 1057.5 | 1100 |
| TATACOMM | 1711.05 | 1780 |
| TATACONSUM | 911.9 | 950 |
| TATAMOTORS | 777.4 | 800 |
| TATAPOWER | 410.35 | 420 |
| TATASTEEL | 140.35 | 145 |
| TCS | 4056.6 | 4100 |
| TECHM | 1699.25 | 1680 |
| TITAN | 3165.95 | 3200 |
| TORNTPHARM | 3097.45 | 3150 |
| TRENT | 6460 | 6600 |
| TVSMOTOR | 2399.6 | 2450 |
| UBL | 1819.8 | 1880 |
| ULTRACEMCO | 10935.5 | 11000 |
| UNITDSPR | 1490.9 | 1480 |
| UPL | 562.8 | 540 |
| VEDL | 442.7 | 460 |
| VOLTAS | 1671.85 | 1700 |
| WIPRO | 557 | 560 |
| ZYDUSLIFE | 941.8 | 960 |
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.
