ONGC
Oil And Natural Gas Corp.
Max pain for ONGC
18 Oct 2024 11:02 AM IST
Max Pain for ONGC is 290
Strike 240 has a total call value of 0 versus a total put value of 122,255,787,500 Combined total value = 122,255,787,500
Strike 245 has a total call value of 0 versus a total put value of 108,432,362,500 Combined total value = 108,432,362,500
Strike 250 has a total call value of 0 versus a total put value of 94,608,937,500 Combined total value = 94,608,937,500
Strike 255 has a total call value of 0 versus a total put value of 81,380,337,500 Combined total value = 81,380,337,500
Strike 260 has a total call value of 0 versus a total put value of 68,323,062,500 Combined total value = 68,323,062,500
Strike 265 has a total call value of 69,300,000 versus a total put value of 56,083,912,500 Combined total value = 56,153,212,500
Strike 270 has a total call value of 177,100,000 versus a total put value of 44,162,387,500 Combined total value = 44,339,487,500
Strike 275 has a total call value of 479,325,000 versus a total put value of 33,318,862,500 Combined total value = 33,798,187,500
Strike 280 has a total call value of 988,487,500 versus a total put value of 23,551,412,500 Combined total value = 24,539,900,000
Strike 285 has a total call value of 2,496,725,000 versus a total put value of 16,258,550,000 Combined total value = 18,755,275,000
Strike 290 has a total call value of 5,672,012,500 versus a total put value of 10,192,875,000 Combined total value = 15,864,887,500
Strike 295 has a total call value of 13,101,550,000 versus a total put value of 6,057,975,000 Combined total value = 19,159,525,000
Strike 300 has a total call value of 24,060,575,000 versus a total put value of 3,071,337,500 Combined total value = 27,131,912,500
Strike 305 has a total call value of 46,975,775,000 versus a total put value of 2,019,325,000 Combined total value = 48,995,100,000
Strike 310 has a total call value of 72,759,225,000 versus a total put value of 1,249,325,000 Combined total value = 74,008,550,000
Strike 315 has a total call value of 103,832,575,000 versus a total put value of 788,287,500 Combined total value = 104,620,862,500
Strike 320 has a total call value of 136,763,550,000 versus a total put value of 404,250,000 Combined total value = 137,167,800,000
Strike 325 has a total call value of 173,993,050,000 versus a total put value of 336,875,000 Combined total value = 174,329,925,000
Strike 330 has a total call value of 212,043,562,500 versus a total put value of 269,500,000 Combined total value = 212,313,062,500
Strike 335 has a total call value of 253,122,100,000 versus a total put value of 202,125,000 Combined total value = 253,324,225,000
Strike 340 has a total call value of 294,200,637,500 versus a total put value of 134,750,000 Combined total value = 294,335,387,500
Strike 345 has a total call value of 336,017,412,500 versus a total put value of 67,375,000 Combined total value = 336,084,787,500
Strike 350 has a total call value of 377,834,187,500 versus a total put value of 0 Combined total value = 377,834,187,500
Strike 355 has a total call value of 420,621,162,500 versus a total put value of 0 Combined total value = 420,621,162,500
Strike 360 has a total call value of 463,471,662,500 versus a total put value of 0 Combined total value = 463,471,662,500
Strike 365 has a total call value of 506,322,162,500 versus a total put value of 0 Combined total value = 506,322,162,500
Strike 370 has a total call value of 549,172,662,500 versus a total put value of 0 Combined total value = 549,172,662,500
Strike 375 has a total call value of 592,023,162,500 versus a total put value of 0 Combined total value = 592,023,162,500
Strike 380 has a total call value of 634,873,662,500 versus a total put value of 0 Combined total value = 634,873,662,500
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.