ONGC
Oil And Natural Gas Corp.
Max pain for ONGC
27 Dec 2024 03:52 PM IST
Max Pain for ONGC is 245
Strike 200 has a total call value of 0 versus a total put value of 80,269,901,250 Combined total value = 80,269,901,250
Strike 202.5 has a total call value of 1,925,000 versus a total put value of 75,779,838,750 Combined total value = 75,781,763,750
Strike 205 has a total call value of 3,850,000 versus a total put value of 71,289,776,250 Combined total value = 71,293,626,250
Strike 207.5 has a total call value of 5,775,000 versus a total put value of 66,818,001,250 Combined total value = 66,823,776,250
Strike 210 has a total call value of 7,700,000 versus a total put value of 62,346,226,250 Combined total value = 62,353,926,250
Strike 212.5 has a total call value of 9,625,000 versus a total put value of 57,985,620,000 Combined total value = 57,995,245,000
Strike 215 has a total call value of 11,550,000 versus a total put value of 53,625,013,750 Combined total value = 53,636,563,750
Strike 217.5 has a total call value of 13,475,000 versus a total put value of 49,364,026,250 Combined total value = 49,377,501,250
Strike 220 has a total call value of 15,400,000 versus a total put value of 45,131,432,500 Combined total value = 45,146,832,500
Strike 222.5 has a total call value of 57,750,000 versus a total put value of 41,193,363,750 Combined total value = 41,251,113,750
Strike 225 has a total call value of 103,950,000 versus a total put value of 37,301,495,000 Combined total value = 37,405,445,000
Strike 227.5 has a total call value of 175,656,250 versus a total put value of 33,598,276,250 Combined total value = 33,773,932,500
Strike 230 has a total call value of 255,543,750 versus a total put value of 29,987,457,500 Combined total value = 30,243,001,250
Strike 232.5 has a total call value of 395,587,500 versus a total put value of 26,780,407,500 Combined total value = 27,175,995,000
Strike 234 has a total call value of 483,367,500 versus a total put value of 24,880,721,250 Combined total value = 25,364,088,750
Strike 235 has a total call value of 541,887,500 versus a total put value of 23,674,131,250 Combined total value = 24,216,018,750
Strike 237.5 has a total call value of 782,031,250 versus a total put value of 21,000,787,500 Combined total value = 21,782,818,750
Strike 240 has a total call value of 1,083,775,000 versus a total put value of 18,372,681,250 Combined total value = 19,456,456,250
Strike 242.5 has a total call value of 2,244,068,750 versus a total put value of 16,619,968,750 Combined total value = 18,864,037,500
Strike 245 has a total call value of 3,436,125,000 versus a total put value of 14,886,506,250 Combined total value = 18,322,631,250
Strike 247.5 has a total call value of 5,403,475,000 versus a total put value of 13,469,225,000 Combined total value = 18,872,700,000
Strike 250 has a total call value of 7,428,093,750 versus a total put value of 12,077,931,250 Combined total value = 19,506,025,000
Strike 252.5 has a total call value of 10,415,693,750 versus a total put value of 10,990,306,250 Combined total value = 21,406,000,000
Strike 254 has a total call value of 12,246,946,250 versus a total put value of 10,342,351,250 Combined total value = 22,589,297,500
Strike 255 has a total call value of 13,515,136,250 versus a total put value of 9,910,381,250 Combined total value = 23,425,517,500
Strike 257.5 has a total call value of 17,027,780,000 versus a total put value of 8,958,950,000 Combined total value = 25,986,730,000
Strike 260 has a total call value of 20,635,230,000 versus a total put value of 8,013,775,000 Combined total value = 28,649,005,000
Strike 262.5 has a total call value of 25,176,786,250 versus a total put value of 7,312,593,750 Combined total value = 32,489,380,000
Strike 264 has a total call value of 27,937,236,250 versus a total put value of 6,891,885,000 Combined total value = 34,829,121,250
Strike 265 has a total call value of 29,840,676,250 versus a total put value of 6,611,412,500 Combined total value = 36,452,088,750
Strike 267.5 has a total call value of 34,839,901,250 versus a total put value of 5,928,518,750 Combined total value = 40,768,420,000
Strike 270 has a total call value of 39,839,126,250 versus a total put value of 5,245,625,000 Combined total value = 45,084,751,250
Strike 272.5 has a total call value of 45,226,238,750 versus a total put value of 4,663,793,750 Combined total value = 49,890,032,500
Strike 275 has a total call value of 50,613,351,250 versus a total put value of 4,081,962,500 Combined total value = 54,695,313,750
Strike 277.5 has a total call value of 56,059,657,500 versus a total put value of 3,500,131,250 Combined total value = 59,559,788,750
Strike 280 has a total call value of 61,505,963,750 versus a total put value of 2,918,300,000 Combined total value = 64,424,263,750
Strike 282.5 has a total call value of 67,158,726,250 versus a total put value of 2,420,206,250 Combined total value = 69,578,932,500
Strike 284 has a total call value of 70,550,383,750 versus a total put value of 2,121,350,000 Combined total value = 72,671,733,750
Strike 285 has a total call value of 72,834,588,750 versus a total put value of 1,922,112,500 Combined total value = 74,756,701,250
Strike 287.5 has a total call value of 78,580,713,750 versus a total put value of 1,523,156,250 Combined total value = 80,103,870,000
Strike 290 has a total call value of 84,326,838,750 versus a total put value of 1,124,200,000 Combined total value = 85,451,038,750
Strike 292.5 has a total call value of 90,191,351,250 versus a total put value of 843,150,000 Combined total value = 91,034,501,250
Strike 294 has a total call value of 93,710,058,750 versus a total put value of 674,520,000 Combined total value = 94,384,578,750
Strike 295 has a total call value of 96,082,621,250 versus a total put value of 562,100,000 Combined total value = 96,644,721,250
Strike 297.5 has a total call value of 102,014,027,500 versus a total put value of 281,050,000 Combined total value = 102,295,077,500
Strike 300 has a total call value of 107,945,433,750 versus a total put value of 0 Combined total value = 107,945,433,750
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 411.25 | 430 |
| ABB | 6846.9 | 7000 |
| ABBOTINDIA | 29263.5 | 29000 |
| ABCAPITAL | 183.24 | 190 |
| ABFRL | 282 | 290 |
| ACC | 2065.6 | 2300 |
| ADANIENSOL | 805.95 | 800 |
| ADANIENT | 2409.95 | 2800 |
| ADANIGREEN | 1054 | 1080 |
| ADANIPORTS | 1230.7 | 1240 |
| ALKEM | 5482.7 | 5500 |
| AMBUJACEM | 547.95 | 570 |
| ANGELONE | 2884.75 | 2900 |
| APLAPOLLO | 1514.95 | 1500 |
| APOLLOHOSP | 7246.3 | 7300 |
| APOLLOTYRE | 540.7 | 540 |
| ASHOKLEY | 220.51 | 225 |
| ASIANPAINT | 2271.4 | 2320 |
| ASTRAL | 1654.1 | 1700 |
| ATGL | 679.3 | 690 |
| ATUL | 7065.1 | 7100 |
| AUBANK | 552.2 | 550 |
| AUROPHARMA | 1269.95 | 1280 |
| AXISBANK | 1077.45 | 1100 |
| BAJAJ-AUTO | 8928.3 | 9000 |
| BAJAJFINSV | 1579.3 | 1600 |
| BAJFINANCE | 6907.75 | 7000 |
| BALKRISIND | 2863.5 | 2850 |
| BANDHANBNK | 160.79 | 167.5 |
| BANKBARODA | 244.99 | 255 |
| BANKINDIA | 102.8 | 105 |
| BATAINDIA | 1381.3 | 1380 |
| BEL | 292.05 | 300 |
| BERGEPAINT | 442.3 | 450 |
| BHARATFORG | 1314.85 | 1340 |
| BHARTIARTL | 1599.85 | 1620 |
| BHEL | 235.4 | 250 |
| BIOCON | 352.55 | 350 |
| BOSCHLTD | 34089.65 | 35000 |
| BPCL | 293.55 | 300 |
| BRITANNIA | 4769.3 | 4800 |
| BSE | 5278.5 | 5400 |
| BSOFT | 576.05 | 580 |
| CAMS | 5041.75 | 5000 |
| CANBK | 100.36 | 104 |
| CANFINHOME | 750.55 | 760 |
| CDSL | 1777.55 | 1800 |
| CESC | 184.59 | 185 |
| CGPOWER | 748.25 | 740 |
| CHAMBLFERT | 499.6 | 500 |
| CHOLAFIN | 1193.85 | 1200 |
| CIPLA | 1506.6 | 1500 |
| COALINDIA | 380.5 | 400 |
| COFORGE | 9451.1 | 9400 |
| COLPAL | 2726.45 | 2800 |
| CONCOR | 784.15 | 800 |
| COROMANDEL | 1846.15 | 1860 |
| CROMPTON | 396.35 | 400 |
| CUB | 172.65 | 175 |
| CUMMINSIND | 3297.65 | 3350 |
| CYIENT | 1930.8 | 1900 |
| DABUR | 507.15 | 510 |
| DALBHARAT | 1740.4 | 1800 |
| DEEPAKNTR | 2579.75 | 2650 |
| DELHIVERY | 350.75 | 350 |
| DIVISLAB | 5881.05 | 5900 |
| DIXON | 17972.3 | 18000 |
| DLF | 834.85 | 840 |
| DMART | 3568.35 | 3550 |
| DRREDDY | 1389.45 | 1370 |
| EICHERMOT | 4876.9 | 4900 |
| ESCORTS | 3258.4 | 3250 |
| EXIDEIND | 418.4 | 430 |
| FEDERALBNK | 196.73 | 200 |
| GAIL | 192.5 | 200 |
| GLENMARK | 1585.95 | 1580 |
| GMRAIRPORT | 79.05 | 82 |
| GMRINFRA | 0 | 32 |
| GNFC | 571.55 | 600 |
| GODREJCP | 1067.8 | 1080 |
| GODREJPROP | 2830.7 | 2900 |
| GRANULES | 585.85 | 590 |
| GRASIM | 2480.3 | 2540 |
| GUJGASLTD | 502.8 | 510 |
| HAL | 4233.35 | 4300 |
| HAVELLS | 1649.9 | 1680 |
| HCLTECH | 1892 | 1900 |
| HDFCAMC | 4263.1 | 4300 |
| HDFCBANK | 1798.25 | 1800 |
| HDFCLIFE | 621.9 | 630 |
| HEROMOTOCO | 4237.95 | 4300 |
| HFCL | 112.99 | 115 |
| HINDALCO | 617.4 | 640 |
| HINDCOPPER | 256.5 | 270 |
| HINDPETRO | 410.7 | 415 |
| HINDUNILVR | 2341.25 | 2380 |
| HUDCO | 226.94 | 235 |
| ICICIBANK | 1307.55 | 1310 |
| ICICIGI | 1832.45 | 1900 |
| ICICIPRULI | 656.15 | 670 |
| IDEA | 7.47 | 8 |
| IDFCFIRSTB | 62.52 | 64 |
| IEX | 180.62 | 185 |
| IGL | 390.1 | 390 |
| INDHOTEL | 860.6 | 860 |
| INDIAMART | 2256.35 | 2300 |
| INDIANB | 547.2 | 550 |
| INDIGO | 4681.95 | 4650 |
| INDUSINDBK | 953.4 | 980 |
| INDUSTOWER | 329.55 | 350 |
| INFY | 1916.75 | 1940 |
| IOC | 136.25 | 140 |
| IPCALAB | 1632.65 | 1600 |
| IRB | 55.23 | 55 |
| IRCTC | 779.25 | 800 |
| IRFC | 146.22 | 147.5 |
| ITC | 478.6 | 480 |
| JINDALSTEL | 923.55 | 950 |
| JIOFIN | 304.95 | 310 |
| JKCEMENT | 4572.45 | 4500 |
| JSL | 736 | 740 |
| JSWENERGY | 625.8 | 650 |
| JSWSTEEL | 913.3 | 940 |
| JUBLFOOD | 708.1 | 710 |
| KALYANKJIL | 721.65 | 720 |
| KEI | 4343.45 | 4300 |
| KOTAKBANK | 1759.9 | 1800 |
| KPITTECH | 1460.6 | 1460 |
| LALPATHLAB | 2948.7 | 3000 |
| LAURUSLABS | 586.7 | 580 |
| LICHSGFIN | 596.6 | 600 |
| LICI | 887 | 910 |
| LODHA | 1408.35 | 1400 |
| LT | 3608.1 | 3700 |
| LTF | 137.97 | 140 |
| LTIM | 5678 | 5800 |
| LTTS | 4692.3 | 4750 |
| LUPIN | 2227.8 | 2200 |
| M&M | 3049.45 | 3000 |
| M&MFIN | 267 | 270 |
| MANAPPURAM | 183.62 | 180 |
| MARICO | 632.6 | 640 |
| MARUTI | 10941.05 | 11000 |
| MAXHEALTH | 1126.4 | 1140 |
| MCX | 6341.2 | 6400 |
| METROPOLIS | 2058.15 | 2080 |
| MFSL | 1106.1 | 1100 |
| MGL | 1238.3 | 1260 |
| MOTHERSON | 157.02 | 160 |
| MPHASIS | 2883.95 | 2950 |
| MRF | 131553.8 | 130000 |
| MUTHOOTFIN | 2069.6 | 2100 |
| NATIONALUM | 213.59 | 220 |
| NAUKRI | 8637.45 | 8700 |
| NAVINFLUOR | 3312.65 | 3400 |
| NCC | 279.15 | 295 |
| NESTLEIND | 2165.6 | 2200 |
| NHPC | 80.33 | 85 |
| NMDC | 69.32 | 75 |
| NTPC | 335 | 345 |
| NYKAA | 159.66 | 160 |
| OBEROIRLTY | 2315.8 | 2300 |
| OFSS | 12646.6 | 12500 |
| OIL | 425.15 | 440 |
| ONGC | 236.9 | 245 |
| PAGEIND | 46933.55 | 47000 |
| PAYTM | 1014.25 | 1000 |
| PEL | 1107 | 1120 |
| PERSISTENT | 6393.6 | 6300 |
| PETRONET | 340.65 | 340 |
| PFC | 452.05 | 470 |
| PIDILITIND | 2914.4 | 3000 |
| PIIND | 3744.25 | 3750 |
| PNB | 101.44 | 105 |
| POLICYBZR | 2052.75 | 2050 |
| POLYCAB | 7149.25 | 7200 |
| POONAWALLA | 320.65 | 320 |
| POWERGRID | 309.4 | 315 |
| PRESTIGE | 1752.5 | 1750 |
| PVRINOX | 1338.65 | 1360 |
| RAMCOCEM | 965.75 | 980 |
| RBLBANK | 159.86 | 160 |
| RECLTD | 507.45 | 520 |
| RELIANCE | 1221.05 | 1260 |
| SAIL | 115.53 | 122.5 |
| SBICARD | 675.3 | 700 |
| SBILIFE | 1405.3 | 1420 |
| SBIN | 799.65 | 820 |
| SHREECEM | 26049 | 26000 |
| SHRIRAMFIN | 2898.9 | 3000 |
| SIEMENS | 6546 | 6700 |
| SJVN | 107.46 | 110 |
| SONACOMS | 600.35 | 600 |
| SRF | 2264.45 | 2300 |
| SUNPHARMA | 1861.25 | 1840 |
| SUNTV | 686.45 | 700 |
| SUPREMEIND | 4777.35 | 4700 |
| SYNGENE | 850.35 | 850 |
| TATACHEM | 1046.35 | 1080 |
| TATACOMM | 1713.6 | 1760 |
| TATACONSUM | 907.95 | 910 |
| TATAELXSI | 6886.35 | 7000 |
| TATAMOTORS | 750.5 | 760 |
| TATAPOWER | 399 | 415 |
| TATASTEEL | 138.91 | 145 |
| TCS | 4164.85 | 4250 |
| TECHM | 1711.65 | 1720 |
| TIINDIA | 3589.5 | 3600 |
| TITAN | 3309.2 | 3400 |
| TORNTPHARM | 3405.1 | 3400 |
| TRENT | 7118.3 | 7100 |
| TVSMOTOR | 2420.45 | 2450 |
| UBL | 2030.15 | 2000 |
| ULTRACEMCO | 11406.55 | 11500 |
| UNIONBANK | 117.87 | 120 |
| UNITDSPR | 1579.4 | 1560 |
| UPL | 502.05 | 510 |
| VBL | 624.3 | 630 |
| VEDL | 451.1 | 480 |
| VOLTAS | 1705.3 | 1720 |
| WIPRO | 309.1 | 302.5 |
| YESBANK | 19.82 | 20 |
| ZOMATO | 271.25 | 255 |
| ZYDUSLIFE | 972.4 | 1000 |
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.
