ONGC
Oil And Natural Gas Corp.
Max pain for ONGC
15 Jan 2025 04:12 PM IST
Max Pain for ONGC is 257.5
Strike 200 has a total call value of 0 versus a total put value of 203,484,531,250 Combined total value = 203,484,531,250
Strike 202.5 has a total call value of 0 versus a total put value of 193,494,262,500 Combined total value = 193,494,262,500
Strike 205 has a total call value of 0 versus a total put value of 183,503,993,750 Combined total value = 183,503,993,750
Strike 207.5 has a total call value of 0 versus a total put value of 173,604,681,250 Combined total value = 173,604,681,250
Strike 210 has a total call value of 0 versus a total put value of 163,705,368,750 Combined total value = 163,705,368,750
Strike 212.5 has a total call value of 0 versus a total put value of 153,917,706,250 Combined total value = 153,917,706,250
Strike 215 has a total call value of 0 versus a total put value of 144,162,287,500 Combined total value = 144,162,287,500
Strike 217.5 has a total call value of 0 versus a total put value of 134,583,968,750 Combined total value = 134,583,968,750
Strike 220 has a total call value of 0 versus a total put value of 125,060,993,750 Combined total value = 125,060,993,750
Strike 222.5 has a total call value of 0 versus a total put value of 115,797,893,750 Combined total value = 115,797,893,750
Strike 225 has a total call value of 0 versus a total put value of 106,534,793,750 Combined total value = 106,534,793,750
Strike 227.5 has a total call value of 0 versus a total put value of 97,481,037,500 Combined total value = 97,481,037,500
Strike 230 has a total call value of 0 versus a total put value of 88,503,800,000 Combined total value = 88,503,800,000
Strike 232.5 has a total call value of 71,706,250 versus a total put value of 80,001,075,000 Combined total value = 80,072,781,250
Strike 234 has a total call value of 114,730,000 versus a total put value of 75,022,736,250 Combined total value = 75,137,466,250
Strike 235 has a total call value of 143,412,500 versus a total put value of 71,753,893,750 Combined total value = 71,897,306,250
Strike 237.5 has a total call value of 292,600,000 versus a total put value of 64,098,650,000 Combined total value = 64,391,250,000
Strike 240 has a total call value of 441,787,500 versus a total put value of 56,555,056,250 Combined total value = 56,996,843,750
Strike 242.5 has a total call value of 949,987,500 versus a total put value of 49,588,962,500 Combined total value = 50,538,950,000
Strike 245 has a total call value of 1,596,306,250 versus a total put value of 42,901,512,500 Combined total value = 44,497,818,750
Strike 247.5 has a total call value of 3,029,468,750 versus a total put value of 36,635,156,250 Combined total value = 39,664,625,000
Strike 250 has a total call value of 4,526,156,250 versus a total put value of 30,594,506,250 Combined total value = 35,120,662,500
Strike 252.5 has a total call value of 7,384,781,250 versus a total put value of 25,548,118,750 Combined total value = 32,932,900,000
Strike 254 has a total call value of 9,280,713,750 versus a total put value of 22,667,260,000 Combined total value = 31,947,973,750
Strike 255 has a total call value of 10,573,351,250 versus a total put value of 20,746,687,500 Combined total value = 31,320,038,750
Strike 257.5 has a total call value of 14,107,170,000 versus a total put value of 16,693,118,750 Combined total value = 30,800,288,750
Strike 260 has a total call value of 17,931,663,750 versus a total put value of 13,228,118,750 Combined total value = 31,159,782,500
Strike 262.5 has a total call value of 23,221,563,750 versus a total put value of 10,649,100,000 Combined total value = 33,870,663,750
Strike 264 has a total call value of 26,854,905,000 versus a total put value of 9,380,621,250 Combined total value = 36,235,526,250
Strike 265 has a total call value of 30,765,735,000 versus a total put value of 8,534,968,750 Combined total value = 39,300,703,750
Strike 267.5 has a total call value of 42,193,497,500 versus a total put value of 6,818,350,000 Combined total value = 49,011,847,500
Strike 270 has a total call value of 54,539,485,000 versus a total put value of 5,218,675,000 Combined total value = 59,758,160,000
Strike 272.5 has a total call value of 70,673,391,250 versus a total put value of 4,204,681,250 Combined total value = 74,878,072,500
Strike 275 has a total call value of 89,576,891,250 versus a total put value of 3,313,406,250 Combined total value = 92,890,297,500
Strike 277.5 has a total call value of 111,759,628,750 versus a total put value of 2,677,675,000 Combined total value = 114,437,303,750
Strike 280 has a total call value of 134,512,647,500 versus a total put value of 2,092,956,250 Combined total value = 136,605,603,750
Strike 282.5 has a total call value of 159,201,735,000 versus a total put value of 1,665,125,000 Combined total value = 160,866,860,000
Strike 284 has a total call value of 174,641,486,250 versus a total put value of 1,440,477,500 Combined total value = 176,081,963,750
Strike 285 has a total call value of 185,038,603,750 versus a total put value of 1,290,712,500 Combined total value = 186,329,316,250
Strike 287.5 has a total call value of 212,300,935,000 versus a total put value of 1,075,593,750 Combined total value = 213,376,528,750
Strike 290 has a total call value of 239,641,710,000 versus a total put value of 860,475,000 Combined total value = 240,502,185,000
Strike 292.5 has a total call value of 267,703,397,500 versus a total put value of 645,356,250 Combined total value = 268,348,753,750
Strike 294 has a total call value of 284,646,958,750 versus a total put value of 516,285,000 Combined total value = 285,163,243,750
Strike 295 has a total call value of 296,045,653,750 versus a total put value of 430,237,500 Combined total value = 296,475,891,250
Strike 297.5 has a total call value of 324,778,685,000 versus a total put value of 215,118,750 Combined total value = 324,993,803,750
Strike 300 has a total call value of 353,609,410,000 versus a total put value of 0 Combined total value = 353,609,410,000
Strike 302.5 has a total call value of 384,140,872,500 versus a total put value of 0 Combined total value = 384,140,872,500
Strike 305 has a total call value of 414,694,953,750 versus a total put value of 0 Combined total value = 414,694,953,750
Strike 307.5 has a total call value of 445,443,941,250 versus a total put value of 0 Combined total value = 445,443,941,250
Strike 310 has a total call value of 476,192,928,750 versus a total put value of 0 Combined total value = 476,192,928,750
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 429.75 | 420 |
| ABB | 6193.75 | 6500 |
| ABBOTINDIA | 27745.7 | 28500 |
| ABCAPITAL | 173.79 | 180 |
| ABFRL | 265.6 | 275 |
| ACC | 1969.65 | 2080 |
| ADANIENSOL | 780.15 | 780 |
| ADANIENT | 2388.15 | 2500 |
| ADANIGREEN | 1035.05 | 1000 |
| ADANIPORTS | 1128.9 | 1180 |
| ALKEM | 5201.5 | 5400 |
| AMBUJACEM | 519.3 | 530 |
| ANGELONE | 2497.35 | 2500 |
| APLAPOLLO | 1513.3 | 1520 |
| APOLLOHOSP | 6691.85 | 7000 |
| APOLLOTYRE | 454.75 | 470 |
| ASHOKLEY | 206.68 | 220 |
| ASIANPAINT | 2229.7 | 2300 |
| ASTRAL | 1476.35 | 1600 |
| ATGL | 662.25 | 660 |
| ATUL | 6755.5 | 6900 |
| AUBANK | 586.95 | 565 |
| AUROPHARMA | 1147.55 | 1220 |
| AXISBANK | 1026.8 | 1060 |
| BAJAJ-AUTO | 8578 | 8800 |
| BAJAJFINSV | 1671.65 | 1640 |
| BAJFINANCE | 7177.4 | 7200 |
| BALKRISIND | 2680.3 | 2800 |
| BANDHANBNK | 148.28 | 160 |
| BANKBARODA | 222.02 | 240 |
| BANKINDIA | 96.13 | 98 |
| BATAINDIA | 1308.55 | 1360 |
| BEL | 267.85 | 280 |
| BERGEPAINT | 464.4 | 460 |
| BHARATFORG | 1183.55 | 1240 |
| BHARTIARTL | 1607.45 | 1600 |
| BHEL | 202.16 | 215 |
| BIOCON | 382.05 | 375 |
| BOSCHLTD | 31463.95 | 33000 |
| BPCL | 267 | 280 |
| BRITANNIA | 4877 | 4850 |
| BSE | 5786 | 5500 |
| BSOFT | 527.05 | 550 |
| CAMS | 4305.4 | 4500 |
| CANBK | 94.69 | 99 |
| CANFINHOME | 673.15 | 690 |
| CDSL | 1602.9 | 1680 |
| CESC | 154.09 | 155 |
| CGPOWER | 610.3 | 650 |
| CHAMBLFERT | 485.3 | 500 |
| CHOLAFIN | 1253.85 | 1260 |
| CIPLA | 1447.2 | 1500 |
| COALINDIA | 374.6 | 385 |
| COFORGE | 8583.35 | 9000 |
| COLPAL | 2664.75 | 2750 |
| CONCOR | 759.15 | 780 |
| COROMANDEL | 1825.15 | 1880 |
| CROMPTON | 364.85 | 370 |
| CUB | 168.86 | 170 |
| CUMMINSIND | 2888.3 | 3100 |
| CYIENT | 1717.05 | 1720 |
| DABUR | 515.5 | 515 |
| DALBHARAT | 1737 | 1740 |
| DEEPAKNTR | 2361.1 | 2450 |
| DELHIVERY | 324.85 | 335 |
| DIVISLAB | 5876.85 | 5900 |
| DIXON | 16919.65 | 17000 |
| DLF | 734.8 | 760 |
| DMART | 3568.45 | 3700 |
| DRREDDY | 1337.2 | 1350 |
| EICHERMOT | 5081.9 | 5000 |
| ESCORTS | 3478.75 | 3350 |
| EXIDEIND | 382 | 405 |
| FEDERALBNK | 194.14 | 197.5 |
| GAIL | 177.94 | 187.5 |
| GLENMARK | 1477.25 | 1540 |
| GMRAIRPORT | 74.32 | 79 |
| GMRINFRA | 0 | 32 |
| GNFC | 533.3 | 550 |
| GODREJCP | 1128.75 | 1130 |
| GODREJPROP | 2306.9 | 2500 |
| GRANULES | 573.2 | 590 |
| GRASIM | 2317.55 | 2460 |
| GUJGASLTD | 490.9 | 495 |
| HAL | 3822.8 | 4100 |
| HAVELLS | 1526.95 | 1560 |
| HCLTECH | 1825.7 | 1840 |
| HDFCAMC | 4047.5 | 4000 |
| HDFCBANK | 1643.05 | 1700 |
| HDFCLIFE | 594.2 | 610 |
| HEROMOTOCO | 4111.9 | 4200 |
| HFCL | 97.19 | 105 |
| HINDALCO | 591.55 | 600 |
| HINDCOPPER | 220.82 | 250 |
| HINDPETRO | 363.25 | 380 |
| HINDUNILVR | 2373 | 2400 |
| HUDCO | 214.97 | 220 |
| ICICIBANK | 1238.25 | 1270 |
| ICICIGI | 1894.55 | 1860 |
| ICICIPRULI | 633.05 | 650 |
| IDEA | 8.76 | 8 |
| IDFCFIRSTB | 62.02 | 64 |
| IEX | 167.77 | 175 |
| IGL | 402.15 | 410 |
| INDHOTEL | 811.4 | 810 |
| INDIAMART | 2209.65 | 2300 |
| INDIANB | 502.85 | 520 |
| INDIGO | 4066 | 4250 |
| INDUSINDBK | 962.45 | 980 |
| INDUSTOWER | 351.8 | 345 |
| INFY | 1949.65 | 1940 |
| IOC | 126.95 | 135 |
| IPCALAB | 1565.55 | 1600 |
| IRB | 51.13 | 54 |
| IRCTC | 759.55 | 790 |
| IRFC | 137.56 | 135 |
| ITC | 437.35 | 445 |
| JINDALSTEL | 910.25 | 930 |
| JIOFIN | 272.4 | 280 |
| JKCEMENT | 4457.7 | 4500 |
| JSL | 615.05 | 640 |
| JSWENERGY | 561.5 | 570 |
| JSWSTEEL | 904.05 | 920 |
| JUBLFOOD | 700 | 730 |
| KALYANKJIL | 555.1 | 600 |
| KEI | 4068.35 | 4200 |
| KOTAKBANK | 1789.6 | 1800 |
| KPITTECH | 1342.1 | 1400 |
| LALPATHLAB | 2771.45 | 2900 |
| LAURUSLABS | 556.9 | 580 |
| LICHSGFIN | 552.95 | 590 |
| LICI | 836.05 | 850 |
| LODHA | 1124.95 | 1200 |
| LT | 3501.4 | 3600 |
| LTF | 140.07 | 140 |
| LTIM | 5837.55 | 5800 |
| LTTS | 4851.75 | 4800 |
| LUPIN | 2128.7 | 2240 |
| M&M | 2960.25 | 3050 |
| M&MFIN | 267.85 | 270 |
| MANAPPURAM | 180.02 | 185 |
| MARICO | 659.75 | 650 |
| MARUTI | 11947.4 | 11700 |
| MAXHEALTH | 1039.05 | 1120 |
| MCX | 5957.05 | 6000 |
| METROPOLIS | 1877.65 | 2000 |
| MFSL | 1034.65 | 1080 |
| MGL | 1291.25 | 1280 |
| MOTHERSON | 149.41 | 155 |
| MPHASIS | 2779.75 | 2850 |
| MRF | 114227 | 117000 |
| MUTHOOTFIN | 2179.55 | 2160 |
| NATIONALUM | 195.21 | 210 |
| NAUKRI | 7455.15 | 7900 |
| NAVINFLUOR | 3714.4 | 3700 |
| NCC | 242.8 | 250 |
| NESTLEIND | 2199.65 | 2200 |
| NHPC | 77.18 | 78 |
| NMDC | 63.21 | 66.65 |
| NTPC | 321.35 | 325 |
| NYKAA | 172.77 | 170 |
| OBEROIRLTY | 2006.85 | 2080 |
| OFSS | 10550.35 | 11000 |
| OIL | 464.05 | 460 |
| ONGC | 258.18 | 257.5 |
| PAGEIND | 46037.2 | 47000 |
| PAYTM | 859.05 | 880 |
| PEL | 1018.05 | 1060 |
| PERSISTENT | 6111.25 | 6200 |
| PETRONET | 326.3 | 335 |
| PFC | 427.55 | 440 |
| PIDILITIND | 2802.75 | 2900 |
| PIIND | 3459.35 | 3500 |
| PNB | 98.25 | 101 |
| POLICYBZR | 1763.65 | 1850 |
| POLYCAB | 6450.8 | 6700 |
| POONAWALLA | 310.25 | 315 |
| POWERGRID | 298.65 | 310 |
| PRESTIGE | 1439.35 | 1550 |
| PVRINOX | 1084.55 | 1160 |
| RAMCOCEM | 879.15 | 930 |
| RBLBANK | 156.85 | 155 |
| RECLTD | 478.65 | 500 |
| RELIANCE | 1252.2 | 1250 |
| SAIL | 105.21 | 112.5 |
| SBICARD | 735.2 | 730 |
| SBILIFE | 1472.75 | 1440 |
| SBIN | 753.7 | 780 |
| SHREECEM | 25294.6 | 25750 |
| SHRIRAMFIN | 533.2 | 570 |
| SIEMENS | 5808.5 | 6200 |
| SJVN | 94.73 | 100 |
| SONACOMS | 570.95 | 570 |
| SRF | 2491.7 | 2540 |
| SUNPHARMA | 1756.85 | 1820 |
| SUNTV | 653.3 | 670 |
| SUPREMEIND | 4377 | 4500 |
| SYNGENE | 820.35 | 850 |
| TATACHEM | 961.95 | 1020 |
| TATACOMM | 1675.25 | 1740 |
| TATACONSUM | 955.55 | 950 |
| TATAELXSI | 6115.75 | 6100 |
| TATAMOTORS | 763.6 | 780 |
| TATAPOWER | 365.45 | 390 |
| TATASTEEL | 126.53 | 135 |
| TCS | 4249.6 | 4200 |
| TECHM | 1675.95 | 1680 |
| TIINDIA | 3297.8 | 3450 |
| TITAN | 3323.5 | 3400 |
| TORNTPHARM | 3215.05 | 3350 |
| TRENT | 6390.25 | 6600 |
| TVSMOTOR | 2250.5 | 2300 |
| UBL | 1948.3 | 1980 |
| ULTRACEMCO | 10521.65 | 11000 |
| UNIONBANK | 106.09 | 110 |
| UNITDSPR | 1410.9 | 1460 |
| UPL | 546.9 | 540 |
| VBL | 560.5 | 590 |
| VEDL | 435.25 | 450 |
| VOLTAS | 1625.15 | 1700 |
| WIPRO | 292.65 | 295 |
| YESBANK | 17.97 | 19 |
| ZOMATO | 243.9 | 245 |
| ZYDUSLIFE | 984.9 | 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.
