CRUDEOIL
Crude Oil
Max pain for CRUDEOIL
28 Sep 2025 11:00 PM IST
Max Pain for CRUDEOIL is 5700
Strike 4500 has a total call value of 0 versus a total put value of 879,524,000,000 Combined total value = 879,524,000,000
Strike 4550 has a total call value of 0 versus a total put value of 837,477,500,000 Combined total value = 837,477,500,000
Strike 4600 has a total call value of 0 versus a total put value of 795,431,000,000 Combined total value = 795,431,000,000
Strike 4650 has a total call value of 0 versus a total put value of 753,384,500,000 Combined total value = 753,384,500,000
Strike 4700 has a total call value of 0 versus a total put value of 711,338,000,000 Combined total value = 711,338,000,000
Strike 4750 has a total call value of 0 versus a total put value of 669,291,500,000 Combined total value = 669,291,500,000
Strike 4800 has a total call value of 0 versus a total put value of 627,245,000,000 Combined total value = 627,245,000,000
Strike 4850 has a total call value of 0 versus a total put value of 585,420,000,000 Combined total value = 585,420,000,000
Strike 4900 has a total call value of 0 versus a total put value of 543,604,000,000 Combined total value = 543,604,000,000
Strike 4950 has a total call value of 0 versus a total put value of 501,920,000,000 Combined total value = 501,920,000,000
Strike 5000 has a total call value of 0 versus a total put value of 460,276,500,000 Combined total value = 460,276,500,000
Strike 5050 has a total call value of 0 versus a total put value of 419,500,000,000 Combined total value = 419,500,000,000
Strike 5100 has a total call value of 0 versus a total put value of 378,836,500,000 Combined total value = 378,836,500,000
Strike 5150 has a total call value of 15,500,000 versus a total put value of 338,811,000,000 Combined total value = 338,826,500,000
Strike 5200 has a total call value of 31,000,000 versus a total put value of 299,059,500,000 Combined total value = 299,090,500,000
Strike 5250 has a total call value of 89,000,000 versus a total put value of 260,873,000,000 Combined total value = 260,962,000,000
Strike 5300 has a total call value of 150,500,000 versus a total put value of 223,067,500,000 Combined total value = 223,218,000,000
Strike 5350 has a total call value of 339,500,000 versus a total put value of 187,671,500,000 Combined total value = 188,011,000,000
Strike 5400 has a total call value of 537,500,000 versus a total put value of 152,902,500,000 Combined total value = 153,440,000,000
Strike 5450 has a total call value of 974,500,000 versus a total put value of 121,103,000,000 Combined total value = 122,077,500,000
Strike 5500 has a total call value of 1,456,500,000 versus a total put value of 90,894,500,000 Combined total value = 92,351,000,000
Strike 5550 has a total call value of 2,750,500,000 versus a total put value of 67,345,000,000 Combined total value = 70,095,500,000
Strike 5600 has a total call value of 4,240,000,000 versus a total put value of 45,952,500,000 Combined total value = 50,192,500,000
Strike 5650 has a total call value of 8,063,000,000 versus a total put value of 31,370,500,000 Combined total value = 39,433,500,000
Strike 5700 has a total call value of 12,387,500,000 versus a total put value of 18,834,000,000 Combined total value = 31,221,500,000
Strike 5750 has a total call value of 20,082,500,000 versus a total put value of 11,474,000,000 Combined total value = 31,556,500,000
Strike 5800 has a total call value of 28,623,500,000 versus a total put value of 5,826,000,000 Combined total value = 34,449,500,000
Strike 5850 has a total call value of 39,554,000,000 versus a total put value of 3,134,500,000 Combined total value = 42,688,500,000
Strike 5900 has a total call value of 51,263,000,000 versus a total put value of 1,171,500,000 Combined total value = 52,434,500,000
Strike 5950 has a total call value of 66,286,000,000 versus a total put value of 692,500,000 Combined total value = 66,978,500,000
Strike 6000 has a total call value of 81,834,000,000 versus a total put value of 305,500,000 Combined total value = 82,139,500,000
Strike 6050 has a total call value of 99,187,000,000 versus a total put value of 159,500,000 Combined total value = 99,346,500,000
Strike 6100 has a total call value of 116,955,000,000 versus a total put value of 54,500,000 Combined total value = 117,009,500,000
Strike 6150 has a total call value of 135,690,000,000 versus a total put value of 17,500,000 Combined total value = 135,707,500,000
Strike 6200 has a total call value of 154,591,000,000 versus a total put value of 0 Combined total value = 154,591,000,000
Strike 6250 has a total call value of 174,172,500,000 versus a total put value of 0 Combined total value = 174,172,500,000
Strike 6300 has a total call value of 193,914,500,000 versus a total put value of 0 Combined total value = 193,914,500,000
Strike 6350 has a total call value of 214,962,500,000 versus a total put value of 0 Combined total value = 214,962,500,000
Strike 6400 has a total call value of 236,190,000,000 versus a total put value of 0 Combined total value = 236,190,000,000
Strike 6450 has a total call value of 257,771,000,000 versus a total put value of 0 Combined total value = 257,771,000,000
Strike 6500 has a total call value of 279,415,500,000 versus a total put value of 0 Combined total value = 279,415,500,000
Strike 6550 has a total call value of 301,740,500,000 versus a total put value of 0 Combined total value = 301,740,500,000
Strike 6600 has a total call value of 324,108,500,000 versus a total put value of 0 Combined total value = 324,108,500,000
Strike 6650 has a total call value of 346,621,000,000 versus a total put value of 0 Combined total value = 346,621,000,000
Strike 6700 has a total call value of 369,141,500,000 versus a total put value of 0 Combined total value = 369,141,500,000
Strike 6750 has a total call value of 392,015,500,000 versus a total put value of 0 Combined total value = 392,015,500,000
Strike 6800 has a total call value of 414,897,500,000 versus a total put value of 0 Combined total value = 414,897,500,000
Strike 6850 has a total call value of 437,995,000,000 versus a total put value of 0 Combined total value = 437,995,000,000
Strike 6900 has a total call value of 461,097,000,000 versus a total put value of 0 Combined total value = 461,097,000,000
Strike 6950 has a total call value of 484,273,500,000 versus a total put value of 0 Combined total value = 484,273,500,000
Strike 7000 has a total call value of 507,456,500,000 versus a total put value of 0 Combined total value = 507,456,500,000
Strike 7050 has a total call value of 531,133,500,000 versus a total put value of 0 Combined total value = 531,133,500,000
Strike 7100 has a total call value of 554,810,500,000 versus a total put value of 0 Combined total value = 554,810,500,000
Strike 7150 has a total call value of 578,487,500,000 versus a total put value of 0 Combined total value = 578,487,500,000
Strike 7200 has a total call value of 602,164,500,000 versus a total put value of 0 Combined total value = 602,164,500,000
Strike 7250 has a total call value of 625,841,500,000 versus a total put value of 0 Combined total value = 625,841,500,000
Strike 7300 has a total call value of 649,520,500,000 versus a total put value of 0 Combined total value = 649,520,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1001.8 | 1100 |
| ABB | 5173.4 | 5400 |
| ABCAPITAL | 278.9 | 285 |
| ADANIENSOL | 879.2 | 900 |
| ADANIENT | 2543.7 | 2600 |
| ADANIGREEN | 1047.4 | 1100 |
| ADANIPORTS | 1392 | 1440 |
| ALKEM | 5433 | 5500 |
| AMBER | 8162.5 | 8400 |
| AMBUJACEM | 565.2 | 600 |
| ANGELONE | 2136.4 | 2200 |
| APLAPOLLO | 1660.1 | 1700 |
| APOLLOHOSP | 7510 | 7650 |
| ASHOKLEY | 141.93 | 140 |
| ASIANPAINT | 2342.8 | 2420 |
| ASTRAL | 1373.8 | 1460 |
| AUBANK | 743.2 | 740 |
| AUROPHARMA | 1090 | 1100 |
| AXISBANK | 1154 | 1140 |
| BAJAJ-AUTO | 8702 | 9000 |
| BAJAJFINSV | 2003.2 | 2020 |
| BAJFINANCE | 985.1 | 1000 |
| BANDHANBNK | 155.02 | 162.5 |
| BANKBARODA | 248.45 | 250 |
| BANKINDIA | 116.33 | 120 |
| BDL | 1497.8 | 1600 |
| BEL | 395.9 | 400 |
| BHARATFORG | 1181.1 | 1220 |
| BHARTIARTL | 1916.6 | 1920 |
| BHEL | 231.01 | 240 |
| BIOCON | 338.9 | 360 |
| BLUESTARCO | 1890.1 | 1940 |
| BOSCHLTD | 38150 | 39000 |
| BPCL | 324.35 | 330 |
| BRITANNIA | 5920.5 | 6000 |
| BSE | 2043.2 | 2150 |
| CAMS | 3800 | 4000 |
| CANBK | 118.08 | 120 |
| CDSL | 1467.7 | 1540 |
| CGPOWER | 739.4 | 760 |
| CHOLAFIN | 1569.9 | 1580 |
| CIPLA | 1499.4 | 1520 |
| COALINDIA | 389.15 | 400 |
| COFORGE | 1538.5 | 1640 |
| COLPAL | 2224.3 | 2340 |
| CONCOR | 524.8 | 550 |
| CROMPTON | 292.6 | 305 |
| CUMMINSIND | 3947.6 | 4000 |
| CYIENT | 1134.1 | 1200 |
| DABUR | 499.75 | 510 |
| DALBHARAT | 2215.4 | 2320 |
| DELHIVERY | 445.7 | 460 |
| DIVISLAB | 5689.5 | 6000 |
| DIXON | 17511 | 18000 |
| DLF | 716.05 | 740 |
| DMART | 4517.8 | 4600 |
| DRREDDY | 1253.1 | 1300 |
| EICHERMOT | 7047 | 7000 |
| ETERNAL | 321 | 320 |
| EXIDEIND | 388.8 | 400 |
| FEDERALBNK | 191.82 | 200 |
| FORTIS | 932.75 | 930 |
| GAIL | 172.02 | 180 |
| GLENMARK | 1971.7 | 2000 |
| GMRAIRPORT | 87.28 | 90 |
| GODREJCP | 1163.9 | 1200 |
| GODREJPROP | 1957.6 | 2000 |
| GRASIM | 2746.8 | 2800 |
| HAL | 4736.1 | 4800 |
| HAVELLS | 1507.4 | 1560 |
| HCLTECH | 1395.3 | 1440 |
| HDFCAMC | 5621 | 5800 |
| HDFCBANK | 945.05 | 960 |
| HDFCLIFE | 764.4 | 770 |
| HEROMOTOCO | 5328 | 5350 |
| HFCL | 72.1 | 75 |
| HINDALCO | 743.85 | 750 |
| HINDPETRO | 422.25 | 420 |
| HINDUNILVR | 2511.8 | 2600 |
| HINDZINC | 449.1 | 460 |
| HUDCO | 220.05 | 230 |
| ICICIBANK | 1359.6 | 1400 |
| ICICIGI | 1894 | 1900 |
| ICICIPRULI | 585.5 | 600 |
| IDEA | 8.02 | 8 |
| IDFCFIRSTB | 68.59 | 71 |
| IEX | 137.76 | 145 |
| IGL | 202.26 | 210 |
| IIFL | 419.35 | 450 |
| INDHOTEL | 709.8 | 750 |
| INDIANB | 706.35 | 710 |
| INDIGO | 5561 | 5800 |
| INDUSINDBK | 712.75 | 750 |
| INDUSTOWER | 346.3 | 360 |
| INFY | 1448.9 | 1500 |
| INOXWIND | 137.46 | 145 |
| IOC | 145.04 | 147.5 |
| IRCTC | 703.1 | 730 |
| IREDA | 146.28 | 155 |
| IRFC | 121.91 | 130 |
| ITC | 405.1 | 410 |
| JINDALSTEL | 1029.5 | 1050 |
| JIOFIN | 295.85 | 315 |
| JSWENERGY | 520.1 | 530 |
| JSWSTEEL | 1130.8 | 1120 |
| JUBLFOOD | 606.9 | 630 |
| KALYANKJIL | 455.8 | 480 |
| KAYNES | 7341 | 7000 |
| KEI | 4049.3 | 4150 |
| KFINTECH | 1070.8 | 1100 |
| KOTAKBANK | 1994.8 | 2040 |
| KPITTECH | 1212.8 | 1260 |
| LAURUSLABS | 832.3 | 880 |
| LICHSGFIN | 564.95 | 590 |
| LICI | 872.45 | 900 |
| LODHA | 1141.1 | 1200 |
| LT | 3729.5 | 3700 |
| LTF | 236.29 | 240 |
| LTIM | 5075 | 5200 |
| LUPIN | 1919.8 | 2000 |
| M&M | 3396.5 | 3500 |
| MANAPPURAM | 276.9 | 280 |
| MANKIND | 2482.9 | 2600 |
| MARICO | 698.35 | 710 |
| MARUTI | 16286 | 16000 |
| MAXHEALTH | 1123.4 | 1160 |
| MAZDOCK | 2827.6 | 3000 |
| MCX | 7920.5 | 8000 |
| MFSL | 1545.6 | 1600 |
| MOTHERSON | 105.66 | 107.5 |
| MPHASIS | 2642.4 | 2800 |
| MUTHOOTFIN | 3020.3 | 3000 |
| NATIONALUM | 200.58 | 210 |
| NAUKRI | 1316.2 | 1400 |
| NBCC | 105.18 | 110 |
| NCC | 202.51 | 210 |
| NESTLEIND | 1162.6 | 1190 |
| NHPC | 83.64 | 85 |
| NMDC | 74.99 | 78 |
| NTPC | 337.9 | 345 |
| NUVAMA | 6115 | 6200 |
| NYKAA | 230.62 | 240 |
| OBEROIRLTY | 1577.7 | 1640 |
| OFSS | 8515 | 9000 |
| OIL | 410.25 | 420 |
| ONGC | 238.02 | 240 |
| PAGEIND | 41240 | 43000 |
| PATANJALI | 589 | 600 |
| PAYTM | 1125.2 | 1180 |
| PERSISTENT | 4951 | 5200 |
| PETRONET | 266.9 | 280 |
| PFC | 397.3 | 410 |
| PGEL | 514.65 | 540 |
| PHOENIXLTD | 1540.4 | 1600 |
| PIDILITIND | 1474.8 | 1500 |
| PIIND | 3487.6 | 3600 |
| PNB | 107.79 | 110 |
| PNBHOUSING | 864.1 | 860 |
| POLICYBZR | 1677.1 | 1700 |
| POLYCAB | 7322.5 | 7400 |
| POWERGRID | 282.25 | 290 |
| PPLPHARMA | 187.73 | 200 |
| PRESTIGE | 1507.4 | 1560 |
| RBLBANK | 272.35 | 270 |
| RECLTD | 367.4 | 380 |
| RELIANCE | 1377.6 | 1400 |
| RVNL | 337.8 | 350 |
| SAIL | 131.02 | 135 |
| SAMMAANCAP | 137.82 | 140 |
| SBICARD | 873.85 | 880 |
| SBILIFE | 1798.8 | 1800 |
| SBIN | 856.95 | 860 |
| SHREECEM | 28910 | 30000 |
| SHRIRAMFIN | 606.05 | 630 |
| SIEMENS | 3096.3 | 3200 |
| SILVER | 0 | 135000 |
| SILVERM | 142014 | 137000 |
| SOLARINDS | 13766 | 14250 |
| SONACOMS | 407.1 | 420 |
| SRF | 2806.9 | 2900 |
| SUNPHARMA | 1586.7 | 1600 |
| SUPREMEIND | 4234.2 | 4400 |
| SUZLON | 55.28 | 57 |
| SYNGENE | 609.45 | 640 |
| TATACONSUM | 1119 | 1120 |
| TATAELXSI | 5303 | 5500 |
| TATAMOTORS | 672.9 | 700 |
| TATAPOWER | 383.8 | 400 |
| TATASTEEL | 167.4 | 170 |
| TATATECH | 667.3 | 700 |
| TCS | 2899.1 | 3000 |
| TECHM | 1407.7 | 1500 |
| TIINDIA | 3129.1 | 3200 |
| TITAGARH | 879.25 | 900 |
| TITAN | 3327.3 | 3400 |
| TORNTPHARM | 3561 | 3550 |
| TORNTPOWER | 1233.3 | 1300 |
| TRENT | 4679 | 4900 |
| TVSMOTOR | 3414.4 | 3400 |
| ULTRACEMCO | 12070 | 12400 |
| UNIONBANK | 134.08 | 140 |
| UNITDSPR | 1297.4 | 1360 |
| UNOMINDA | 1268.9 | 1300 |
| UPL | 648 | 680 |
| VBL | 444.75 | 460 |
| VEDL | 447.95 | 460 |
| VOLTAS | 1340.2 | 1380 |
| WIPRO | 235.75 | 247.5 |
| YESBANK | 20.97 | 21 |
| ZYDUSLIFE | 975 | 1020 |
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.
