ONGC
Oil And Natural Gas Corp.
Max pain for ONGC
06 Sep 2024 04:12 PM IST
Max Pain for ONGC is 315
Strike 240 has a total call value of 0 versus a total put value of 173,381,862,500 Combined total value = 173,381,862,500
Strike 245 has a total call value of 0 versus a total put value of 161,017,587,500 Combined total value = 161,017,587,500
Strike 250 has a total call value of 0 versus a total put value of 148,653,312,500 Combined total value = 148,653,312,500
Strike 255 has a total call value of 0 versus a total put value of 136,289,037,500 Combined total value = 136,289,037,500
Strike 260 has a total call value of 0 versus a total put value of 123,924,762,500 Combined total value = 123,924,762,500
Strike 265 has a total call value of 0 versus a total put value of 111,560,487,500 Combined total value = 111,560,487,500
Strike 270 has a total call value of 0 versus a total put value of 99,261,662,500 Combined total value = 99,261,662,500
Strike 275 has a total call value of 7,700,000 versus a total put value of 87,188,062,500 Combined total value = 87,195,762,500
Strike 280 has a total call value of 15,400,000 versus a total put value of 75,231,887,500 Combined total value = 75,247,287,500
Strike 285 has a total call value of 54,862,500 versus a total put value of 63,839,737,500 Combined total value = 63,894,600,000
Strike 290 has a total call value of 99,137,500 versus a total put value of 52,630,462,500 Combined total value = 52,729,600,000
Strike 295 has a total call value of 193,462,500 versus a total put value of 42,337,487,500 Combined total value = 42,530,950,000
Strike 300 has a total call value of 331,100,000 versus a total put value of 32,570,037,500 Combined total value = 32,901,137,500
Strike 305 has a total call value of 986,562,500 versus a total put value of 25,190,550,000 Combined total value = 26,177,112,500
Strike 310 has a total call value of 1,895,162,500 versus a total put value of 18,471,337,500 Combined total value = 20,366,500,000
Strike 315 has a total call value of 4,589,200,000 versus a total put value of 13,617,450,000 Combined total value = 18,206,650,000
Strike 320 has a total call value of 8,908,900,000 versus a total put value of 9,620,187,500 Combined total value = 18,529,087,500
Strike 325 has a total call value of 16,781,187,500 versus a total put value of 6,558,475,000 Combined total value = 23,339,662,500
Strike 330 has a total call value of 26,436,987,500 versus a total put value of 4,044,425,000 Combined total value = 30,481,412,500
Strike 335 has a total call value of 41,950,562,500 versus a total put value of 2,705,587,500 Combined total value = 44,656,150,000
Strike 340 has a total call value of 60,137,000,000 versus a total put value of 1,679,562,500 Combined total value = 61,816,562,500
Strike 345 has a total call value of 83,602,750,000 versus a total put value of 1,154,037,500 Combined total value = 84,756,787,500
Strike 350 has a total call value of 109,751,950,000 versus a total put value of 755,562,500 Combined total value = 110,507,512,500
Strike 355 has a total call value of 141,352,750,000 versus a total put value of 577,500,000 Combined total value = 141,930,250,000
Strike 360 has a total call value of 173,385,712,500 versus a total put value of 462,000,000 Combined total value = 173,847,712,500
Strike 365 has a total call value of 206,749,812,500 versus a total put value of 346,500,000 Combined total value = 207,096,312,500
Strike 370 has a total call value of 240,307,375,000 versus a total put value of 231,000,000 Combined total value = 240,538,375,000
Strike 375 has a total call value of 274,507,887,500 versus a total put value of 115,500,000 Combined total value = 274,623,387,500
Strike 380 has a total call value of 308,708,400,000 versus a total put value of 0 Combined total value = 308,708,400,000
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.