IOC
Indian Oil Corp Ltd
Max pain for IOC
21 Sep 2025 04:12 PM ISTNext Refresh in
Max Pain for IOC is 145
Strike 120 has a total call value of 0 versus a total put value of 58,880,006,250 Combined total value = 58,880,006,250
Strike 122 has a total call value of 58,500,000 versus a total put value of 53,629,631,250 Combined total value = 53,688,131,250
Strike 122.5 has a total call value of 73,125,000 versus a total put value of 52,337,268,750 Combined total value = 52,410,393,750
Strike 124.5 has a total call value of 131,625,000 versus a total put value of 47,167,818,750 Combined total value = 47,299,443,750
Strike 125 has a total call value of 146,250,000 versus a total put value of 45,875,456,250 Combined total value = 46,021,706,250
Strike 127 has a total call value of 204,750,000 versus a total put value of 40,706,006,250 Combined total value = 40,910,756,250
Strike 127.5 has a total call value of 219,375,000 versus a total put value of 39,425,343,750 Combined total value = 39,644,718,750
Strike 129.5 has a total call value of 277,875,000 versus a total put value of 34,302,693,750 Combined total value = 34,580,568,750
Strike 130 has a total call value of 292,500,000 versus a total put value of 33,022,031,250 Combined total value = 33,314,531,250
Strike 132 has a total call value of 393,900,000 versus a total put value of 28,124,606,250 Combined total value = 28,518,506,250
Strike 132.5 has a total call value of 425,587,500 versus a total put value of 26,932,668,750 Combined total value = 27,358,256,250
Strike 134.5 has a total call value of 552,337,500 versus a total put value of 22,268,268,750 Combined total value = 22,820,606,250
Strike 135 has a total call value of 584,025,000 versus a total put value of 21,102,168,750 Combined total value = 21,686,193,750
Strike 137 has a total call value of 820,950,000 versus a total put value of 16,819,968,750 Combined total value = 17,640,918,750
Strike 137.5 has a total call value of 898,706,250 versus a total put value of 15,803,043,750 Combined total value = 16,701,750,000
Strike 139.5 has a total call value of 1,281,881,250 versus a total put value of 11,965,443,750 Combined total value = 13,247,325,000
Strike 140 has a total call value of 1,424,718,750 versus a total put value of 11,063,568,750 Combined total value = 12,488,287,500
Strike 142 has a total call value of 2,420,193,750 versus a total put value of 8,151,243,750 Combined total value = 10,571,437,500
Strike 142.5 has a total call value of 2,715,618,750 versus a total put value of 7,462,893,750 Combined total value = 10,178,512,500
Strike 144.5 has a total call value of 4,054,293,750 versus a total put value of 4,888,893,750 Combined total value = 8,943,187,500
Strike 145 has a total call value of 4,419,431,250 versus a total put value of 4,271,718,750 Combined total value = 8,691,150,000
Strike 147 has a total call value of 6,612,206,250 versus a total put value of 2,463,093,750 Combined total value = 9,075,300,000
Strike 147.5 has a total call value of 7,234,743,750 versus a total put value of 2,096,493,750 Combined total value = 9,331,237,500
Strike 149.5 has a total call value of 9,981,318,750 versus a total put value of 880,668,750 Combined total value = 10,861,987,500
Strike 150 has a total call value of 10,719,881,250 versus a total put value of 599,381,250 Combined total value = 11,319,262,500
Strike 152 has a total call value of 15,173,681,250 versus a total put value of 364,406,250 Combined total value = 15,538,087,500
Strike 152.5 has a total call value of 16,356,356,250 versus a total put value of 316,631,250 Combined total value = 16,672,987,500
Strike 154.5 has a total call value of 21,305,456,250 versus a total put value of 148,931,250 Combined total value = 21,454,387,500
Strike 155 has a total call value of 22,542,731,250 versus a total put value of 107,006,250 Combined total value = 22,649,737,500
Strike 157 has a total call value of 28,116,806,250 versus a total put value of 44,606,250 Combined total value = 28,161,412,500
Strike 157.5 has a total call value of 29,571,018,750 versus a total put value of 34,125,000 Combined total value = 29,605,143,750
Strike 160 has a total call value of 36,979,800,000 versus a total put value of 0 Combined total value = 36,979,800,000
Strike 162.5 has a total call value of 44,839,518,750 versus a total put value of 0 Combined total value = 44,839,518,750
Strike 165 has a total call value of 52,706,550,000 versus a total put value of 0 Combined total value = 52,706,550,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1050.4 | 1100 |
| ABB | 5362.8 | 5300 |
| ABCAPITAL | 288.15 | 290 |
| ADANIENSOL | 937.4 | 860 |
| ADANIENT | 2629.5 | 2500 |
| ADANIGREEN | 1152.15 | 1000 |
| ADANIPORTS | 1444.2 | 1400 |
| ALKEM | 5495 | 5500 |
| AMBER | 8310.5 | 8000 |
| AMBUJACEM | 590.3 | 585 |
| ANGELONE | 2248 | 2300 |
| APLAPOLLO | 1679.3 | 1680 |
| APOLLOHOSP | 7739 | 7800 |
| ASHOKLEY | 139.42 | 135 |
| ASIANPAINT | 2482.7 | 2500 |
| ASTRAL | 1438.4 | 1440 |
| AUBANK | 706.05 | 710 |
| AUROPHARMA | 1117.4 | 1100 |
| AXISBANK | 1144.4 | 1100 |
| BAJAJ-AUTO | 9054.5 | 9100 |
| BAJAJFINSV | 2069.5 | 2040 |
| BAJFINANCE | 1006.5 | 980 |
| BANDHANBNK | 163.19 | 165 |
| BANKBARODA | 251.14 | 245 |
| BANKINDIA | 120.53 | 117.5 |
| BDL | 1627.7 | 1550 |
| BEL | 406.4 | 400 |
| BHARATFORG | 1256 | 1220 |
| BHARTIARTL | 1956.2 | 1920 |
| BHEL | 239.6 | 230 |
| BIOCON | 362.15 | 365 |
| BLUESTARCO | 1996.8 | 1920 |
| BOSCHLTD | 39570 | 40000 |
| BPCL | 325.4 | 325 |
| BRITANNIA | 6056.5 | 6100 |
| BSE | 2156.2 | 2200 |
| CAMS | 4014 | 4000 |
| CANBK | 118.87 | 115 |
| CDSL | 1558.5 | 1580 |
| CGPOWER | 770.2 | 760 |
| CHOLAFIN | 1630 | 1540 |
| CIPLA | 1542.2 | 1560 |
| COALINDIA | 394.7 | 390 |
| COFORGE | 1716.9 | 1740 |
| COLPAL | 2344.8 | 2360 |
| CONCOR | 550.15 | 560 |
| CROMPTON | 308.75 | 320 |
| CUMMINSIND | 3990.1 | 4000 |
| CYIENT | 1194.8 | 1240 |
| DABUR | 522.05 | 540 |
| DALBHARAT | 2378.5 | 2400 |
| DELHIVERY | 467.9 | 475 |
| DIVISLAB | 6092.5 | 6100 |
| DIXON | 18082 | 18000 |
| DLF | 773.75 | 780 |
| DMART | 4671.2 | 4700 |
| DRREDDY | 1301.4 | 1300 |
| EICHERMOT | 6946 | 6700 |
| ETERNAL | 341.85 | 330 |
| EXIDEIND | 403.85 | 415 |
| FEDERALBNK | 195 | 197.5 |
| FORTIS | 966.25 | 950 |
| GAIL | 180.95 | 180 |
| GLENMARK | 2017.8 | 2060 |
| GMRAIRPORT | 91.17 | 90 |
| GODREJCP | 1232.2 | 1240 |
| GODREJPROP | 2103.7 | 2050 |
| GRASIM | 2854.1 | 2820 |
| HAL | 4808.7 | 4800 |
| HAVELLS | 1581.3 | 1600 |
| HCLTECH | 1439.9 | 1480 |
| HDFCAMC | 5827.5 | 5800 |
| HDFCBANK | 964.2 | 970 |
| HDFCLIFE | 787.8 | 780 |
| HEROMOTOCO | 5429.5 | 5350 |
| HFCL | 74.85 | 75 |
| HINDALCO | 745.7 | 740 |
| HINDPETRO | 412.75 | 405 |
| HINDUNILVR | 2572.2 | 2600 |
| HINDZINC | 459.25 | 450 |
| HUDCO | 239.96 | 225 |
| ICICIBANK | 1401.5 | 1410 |
| ICICIGI | 1886.3 | 1880 |
| ICICIPRULI | 609.5 | 610 |
| IDEA | 8.39 | 8 |
| IDFCFIRSTB | 70.92 | 72 |
| IEX | 146.09 | 147.5 |
| IGL | 211.56 | 215 |
| IIFL | 450.1 | 450 |
| INDHOTEL | 769.4 | 780 |
| INDIANB | 704.55 | 690 |
| INDIGO | 5747.5 | 5700 |
| INDUSINDBK | 734.3 | 750 |
| INDUSTOWER | 356 | 350 |
| INFY | 1499.5 | 1500 |
| INOXWIND | 152.43 | 150 |
| IOC | 148.3 | 145 |
| IRCTC | 727.1 | 730 |
| IREDA | 159.06 | 150 |
| IRFC | 128.54 | 127.5 |
| ITC | 406.95 | 410 |
| JINDALSTEL | 1032.45 | 1030 |
| JIOFIN | 313.85 | 320 |
| JSWENERGY | 542.95 | 530 |
| JSWSTEEL | 1117 | 1100 |
| JUBLFOOD | 622.8 | 630 |
| KALYANKJIL | 505.25 | 520 |
| KAYNES | 7083.5 | 7000 |
| KEI | 4131.4 | 4150 |
| KFINTECH | 1093.9 | 1150 |
| KOTAKBANK | 2021.7 | 2000 |
| KPITTECH | 1262.4 | 1280 |
| LAURUSLABS | 903.8 | 910 |
| LICHSGFIN | 587.3 | 580 |
| LICI | 904.5 | 890 |
| LODHA | 1212.3 | 1200 |
| LT | 3644.5 | 3600 |
| LTF | 248.09 | 240 |
| LTIM | 5260 | 5300 |
| LUPIN | 2004.4 | 2020 |
| M&M | 3584.8 | 3550 |
| MANAPPURAM | 293.9 | 285 |
| MANKIND | 2594.9 | 2600 |
| MARICO | 716.85 | 720 |
| MARUTI | 15816 | 15200 |
| MAXHEALTH | 1171.6 | 1160 |
| MAZDOCK | 2976.4 | 2900 |
| MCX | 7989.5 | 7900 |
| MFSL | 1556.7 | 1560 |
| MOTHERSON | 109.95 | 105 |
| MPHASIS | 2852.4 | 3000 |
| MUTHOOTFIN | 3047.6 | 2950 |
| NATIONALUM | 210.94 | 210 |
| NAUKRI | 1417.7 | 1380 |
| NBCC | 114.95 | 107.5 |
| NCC | 213.93 | 215 |
| NESTLEIND | 1188.3 | 1190 |
| NHPC | 87.73 | 85 |
| NMDC | 76.86 | 75 |
| NTPC | 339.2 | 335 |
| NUVAMA | 6280.5 | 6400 |
| NYKAA | 242.4 | 240 |
| OBEROIRLTY | 1673.9 | 1660 |
| OFSS | 9056.5 | 9100 |
| OIL | 409.25 | 400 |
| ONGC | 237.47 | 235 |
| PAGEIND | 43405 | 44000 |
| PATANJALI | 597.4 | 600 |
| PAYTM | 1196.2 | 1200 |
| PERSISTENT | 5271 | 5400 |
| PETRONET | 275.9 | 285 |
| PFC | 408.85 | 410 |
| PGEL | 561 | 560 |
| PHOENIXLTD | 1638.3 | 1580 |
| PIDILITIND | 3038 | 3080 |
| PIIND | 3668.9 | 3750 |
| PNB | 113.04 | 111 |
| PNBHOUSING | 859.05 | 840 |
| POLICYBZR | 1796.6 | 1800 |
| POLYCAB | 7657 | 7400 |
| POWERGRID | 286.65 | 290 |
| PPLPHARMA | 202.71 | 205 |
| PRESTIGE | 1617.4 | 1600 |
| RBLBANK | 269.7 | 260 |
| RECLTD | 384 | 380 |
| RELIANCE | 1390.6 | 1400 |
| RVNL | 358.9 | 350 |
| SAIL | 135.49 | 132.5 |
| SBICARD | 869.05 | 870 |
| SBILIFE | 1857.7 | 1840 |
| SBIN | 855.25 | 840 |
| SHREECEM | 29705 | 29750 |
| SHRIRAMFIN | 627.85 | 620 |
| SIEMENS | 3243.5 | 3250 |
| SOLARINDS | 14464 | 14500 |
| SONACOMS | 420.6 | 440 |
| SRF | 2914 | 2950 |
| SUNPHARMA | 1644 | 1600 |
| SUPREMEIND | 4371.9 | 4500 |
| SUZLON | 59.93 | 59 |
| SYNGENE | 655.3 | 660 |
| TATACHEM | 973.95 | 990 |
| TATACONSUM | 1130.1 | 1110 |
| TATAELXSI | 5607 | 5700 |
| TATAMOTORS | 696.25 | 710 |
| TATAPOWER | 395.3 | 395 |
| TATASTEEL | 171.39 | 170 |
| TATATECH | 702.25 | 710 |
| TCS | 3073.8 | 3120 |
| TECHM | 1505.4 | 1520 |
| TIINDIA | 3350.1 | 3300 |
| TITAGARH | 933.9 | 920 |
| TITAN | 3457.5 | 3550 |
| TORNTPHARM | 3655.9 | 3600 |
| TORNTPOWER | 1268.6 | 1280 |
| TRENT | 5010.5 | 5200 |
| TVSMOTOR | 3525.6 | 3400 |
| ULTRACEMCO | 12650 | 12600 |
| UNIONBANK | 138.81 | 137.5 |
| UNITDSPR | 1339.9 | 1320 |
| UNOMINDA | 1312.7 | 1300 |
| UPL | 682.8 | 700 |
| VBL | 463.95 | 480 |
| VEDL | 458.45 | 450 |
| VOLTAS | 1376.2 | 1400 |
| WIPRO | 250.33 | 250 |
| YESBANK | 21.21 | 20 |
| ZYDUSLIFE | 1035.7 | 1030 |
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.
