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NIFTY
NIFTY 50

22201.7 -70.80 (-0.32%)


Strike  20050  has a total call value of 0  versus a total put value of  15,663,772,500,000 Combined total value = 15,663,772,500,000

Strike  20100  has a total call value of 0  versus a total put value of  15,218,614,250,000 Combined total value = 15,218,614,250,000

Strike  20150  has a total call value of 0  versus a total put value of  14,780,305,250,000 Combined total value = 14,780,305,250,000

Strike  20200  has a total call value of 0  versus a total put value of  14,342,782,750,000 Combined total value = 14,342,782,750,000

Strike  20250  has a total call value of 0  versus a total put value of  13,908,506,750,000 Combined total value = 13,908,506,750,000

Strike  20300  has a total call value of 0  versus a total put value of  13,474,647,750,000 Combined total value = 13,474,647,750,000

Strike  20350  has a total call value of 0  versus a total put value of  13,043,195,750,000 Combined total value = 13,043,195,750,000

Strike  20400  has a total call value of 0  versus a total put value of  12,612,264,250,000 Combined total value = 12,612,264,250,000

Strike  20450  has a total call value of 750,000  versus a total put value of  12,182,263,000,000 Combined total value = 12,182,263,750,000

Strike  20500  has a total call value of 1,500,000  versus a total put value of  11,752,555,000,000 Combined total value = 11,752,556,500,000

Strike  20550  has a total call value of 22,500,000  versus a total put value of  11,333,712,750,000 Combined total value = 11,333,735,250,000

Strike  20600  has a total call value of 43,500,000  versus a total put value of  10,915,142,750,000 Combined total value = 10,915,186,250,000

Strike  20650  has a total call value of 64,500,000  versus a total put value of  10,499,096,750,000 Combined total value = 10,499,161,250,000

Strike  20700  has a total call value of 85,500,000  versus a total put value of  10,083,344,000,000 Combined total value = 10,083,429,500,000

Strike  20750  has a total call value of 115,000,000  versus a total put value of  9,668,768,750,000 Combined total value = 9,668,883,750,000

Strike  20800  has a total call value of 144,500,000  versus a total put value of  9,254,471,750,000 Combined total value = 9,254,616,250,000

Strike  20850  has a total call value of 174,000,000  versus a total put value of  8,843,492,500,000 Combined total value = 8,843,666,500,000

Strike  20900  has a total call value of 203,500,000  versus a total put value of  8,432,956,250,000 Combined total value = 8,433,159,750,000

Strike  20950  has a total call value of 233,000,000  versus a total put value of  8,025,049,250,000 Combined total value = 8,025,282,250,000

Strike  21000  has a total call value of 262,500,000  versus a total put value of  7,618,027,000,000 Combined total value = 7,618,289,500,000

Strike  21050  has a total call value of 391,500,000  versus a total put value of  7,226,404,000,000 Combined total value = 7,226,795,500,000

Strike  21100  has a total call value of 523,250,000  versus a total put value of  6,835,746,750,000 Combined total value = 6,836,270,000,000

Strike  21150  has a total call value of 659,250,000  versus a total put value of  6,452,142,750,000 Combined total value = 6,452,802,000,000

Strike  21200  has a total call value of 795,250,000  versus a total put value of  6,070,043,750,000 Combined total value = 6,070,839,000,000

Strike  21250  has a total call value of 962,750,000  versus a total put value of  5,694,087,750,000 Combined total value = 5,695,050,500,000

Strike  21300  has a total call value of 1,130,250,000  versus a total put value of  5,319,431,750,000 Combined total value = 5,320,562,000,000

Strike  21350  has a total call value of 1,305,000,000  versus a total put value of  4,952,540,000,000 Combined total value = 4,953,845,000,000

Strike  21400  has a total call value of 1,481,500,000  versus a total put value of  4,588,846,750,000 Combined total value = 4,590,328,250,000

Strike  21450  has a total call value of 1,668,250,000  versus a total put value of  4,232,495,250,000 Combined total value = 4,234,163,500,000

Strike  21500  has a total call value of 1,857,250,000  versus a total put value of  3,879,095,500,000 Combined total value = 3,880,952,750,000

Strike  21550  has a total call value of 2,268,250,000  versus a total put value of  3,547,833,750,000 Combined total value = 3,550,102,000,000

Strike  21600  has a total call value of 2,684,500,000  versus a total put value of  3,220,035,500,000 Combined total value = 3,222,720,000,000

Strike  21650  has a total call value of 3,123,250,000  versus a total put value of  2,902,621,250,000 Combined total value = 2,905,744,500,000

Strike  21700  has a total call value of 3,583,750,000  versus a total put value of  2,590,254,500,000 Combined total value = 2,593,838,250,000

Strike  21750  has a total call value of 4,137,250,000  versus a total put value of  2,296,598,000,000 Combined total value = 2,300,735,250,000

Strike  21800  has a total call value of 4,709,000,000  versus a total put value of  2,012,629,750,000 Combined total value = 2,017,338,750,000

Strike  21850  has a total call value of 5,753,750,000  versus a total put value of  1,751,519,500,000 Combined total value = 1,757,273,250,000

Strike  21900  has a total call value of 7,046,000,000  versus a total put value of  1,497,970,500,000 Combined total value = 1,505,016,500,000

Strike  21950  has a total call value of 9,016,000,000  versus a total put value of  1,268,139,250,000 Combined total value = 1,277,155,250,000

Strike  22000  has a total call value of 11,511,500,000  versus a total put value of  1,046,423,500,000 Combined total value = 1,057,935,000,000

Strike  22050  has a total call value of 19,475,250,000  versus a total put value of  862,746,000,000 Combined total value = 882,221,250,000

Strike  22100  has a total call value of 30,066,750,000  versus a total put value of  690,953,750,000 Combined total value = 721,020,500,000

Strike  22150  has a total call value of 50,915,500,000  versus a total put value of  547,554,250,000 Combined total value = 598,469,750,000

Strike  22200  has a total call value of 84,324,000,000  versus a total put value of  426,263,500,000 Combined total value = 510,587,500,000

Strike  22250  has a total call value of 155,794,750,000  versus a total put value of  351,883,750,000 Combined total value = 507,678,500,000

Strike  22300  has a total call value of 241,565,250,000  versus a total put value of  288,140,000,000 Combined total value = 529,705,250,000

Strike  22350  has a total call value of 364,188,000,000  versus a total put value of  238,049,500,000 Combined total value = 602,237,500,000

Strike  22400  has a total call value of 506,765,250,000  versus a total put value of  192,934,750,000 Combined total value = 699,700,000,000

Strike  22450  has a total call value of 683,065,500,000  versus a total put value of  155,276,000,000 Combined total value = 838,341,500,000

Strike  22500  has a total call value of 871,364,000,000  versus a total put value of  119,921,000,000 Combined total value = 991,285,000,000

Strike  22550  has a total call value of 1,100,376,750,000  versus a total put value of  91,449,250,000 Combined total value = 1,191,826,000,000

Strike  22600  has a total call value of 1,344,528,000,000  versus a total put value of  66,051,250,000 Combined total value = 1,410,579,250,000

Strike  22650  has a total call value of 1,622,122,000,000  versus a total put value of  46,349,500,000 Combined total value = 1,668,471,500,000

Strike  22700  has a total call value of 1,920,983,500,000  versus a total put value of  31,175,500,000 Combined total value = 1,952,159,000,000

Strike  22750  has a total call value of 2,270,811,750,000  versus a total put value of  22,764,000,000 Combined total value = 2,293,575,750,000

Strike  22800  has a total call value of 2,644,322,000,000  versus a total put value of  16,161,250,000 Combined total value = 2,660,483,250,000

Strike  22850  has a total call value of 3,058,481,000,000  versus a total put value of  12,186,750,000 Combined total value = 3,070,667,750,000

Strike  22900  has a total call value of 3,486,831,750,000  versus a total put value of  8,899,500,000 Combined total value = 3,495,731,250,000

Strike  22950  has a total call value of 3,934,786,750,000  versus a total put value of  6,587,000,000 Combined total value = 3,941,373,750,000

Strike  23000  has a total call value of 4,390,710,750,000  versus a total put value of  4,735,000,000 Combined total value = 4,395,445,750,000

Strike  23050  has a total call value of 4,882,401,250,000  versus a total put value of  3,886,750,000 Combined total value = 4,886,288,000,000

Strike  23100  has a total call value of 5,385,215,500,000  versus a total put value of  3,149,750,000 Combined total value = 5,388,365,250,000

Strike  23150  has a total call value of 5,907,887,500,000  versus a total put value of  2,501,000,000 Combined total value = 5,910,388,500,000

Strike  23200  has a total call value of 6,438,167,000,000  versus a total put value of  1,852,250,000 Combined total value = 6,440,019,250,000

Strike  23250  has a total call value of 6,988,683,250,000  versus a total put value of  1,564,500,000 Combined total value = 6,990,247,750,000

Strike  23300  has a total call value of 7,546,094,250,000  versus a total put value of  1,292,000,000 Combined total value = 7,547,386,250,000

Strike  23350  has a total call value of 8,118,622,750,000  versus a total put value of  1,105,000,000 Combined total value = 8,119,727,750,000

Strike  23400  has a total call value of 8,697,605,250,000  versus a total put value of  918,000,000 Combined total value = 8,698,523,250,000

Strike  23450  has a total call value of 9,288,582,000,000  versus a total put value of  747,500,000 Combined total value = 9,289,329,500,000

Strike  23500  has a total call value of 9,883,662,250,000  versus a total put value of  577,000,000 Combined total value = 9,884,239,250,000

Strike  23550  has a total call value of 10,507,819,250,000  versus a total put value of  542,000,000 Combined total value = 10,508,361,250,000

Strike  23600  has a total call value of 11,134,483,000,000  versus a total put value of  507,000,000 Combined total value = 11,134,990,000,000

Strike  23650  has a total call value of 11,769,325,000,000  versus a total put value of  472,000,000 Combined total value = 11,769,797,000,000

Strike  23700  has a total call value of 12,405,445,500,000  versus a total put value of  437,000,000 Combined total value = 12,405,882,500,000

Strike  23750  has a total call value of 13,045,075,000,000  versus a total put value of  402,000,000 Combined total value = 13,045,477,000,000

Strike  23800  has a total call value of 13,685,740,250,000  versus a total put value of  367,000,000 Combined total value = 13,686,107,250,000

Strike  23850  has a total call value of 14,331,733,000,000  versus a total put value of  332,000,000 Combined total value = 14,332,065,000,000

Strike  23900  has a total call value of 14,978,483,000,000  versus a total put value of  297,000,000 Combined total value = 14,978,780,000,000

Strike  23950  has a total call value of 15,627,004,750,000  versus a total put value of  263,250,000 Combined total value = 15,627,268,000,000

Strike  24000  has a total call value of 16,276,218,500,000  versus a total put value of  229,500,000 Combined total value = 16,276,448,000,000

Strike  24050  has a total call value of 16,947,965,000,000  versus a total put value of  195,750,000 Combined total value = 16,948,160,750,000

Strike  24100  has a total call value of 17,620,216,750,000  versus a total put value of  162,000,000 Combined total value = 17,620,378,750,000

Strike  24150  has a total call value of 18,299,215,250,000  versus a total put value of  128,250,000 Combined total value = 18,299,343,500,000

Strike  24200  has a total call value of 18,978,513,250,000  versus a total put value of  94,500,000 Combined total value = 18,978,607,750,000

Strike  24250  has a total call value of 19,660,562,000,000  versus a total put value of  78,750,000 Combined total value = 19,660,640,750,000

Strike  24300  has a total call value of 20,343,384,750,000  versus a total put value of  63,000,000 Combined total value = 20,343,447,750,000

Strike  24350  has a total call value of 21,027,614,500,000  versus a total put value of  47,250,000 Combined total value = 21,027,661,750,000

Strike  24400  has a total call value of 21,712,557,500,000  versus a total put value of  31,500,000 Combined total value = 21,712,589,000,000

Strike  24450  has a total call value of 22,402,681,500,000  versus a total put value of  15,750,000 Combined total value = 22,402,697,250,000

Strike  24500  has a total call value of 23,093,731,500,000  versus a total put value of  0 Combined total value = 23,093,731,500,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.