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Related Pages for BANKEX
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BANKEX
Bank Index
57292.63 -1127.43 (-1.93%)

Max pain for BANKEX

06 Sep 2024 04:12 PM IST

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Max Pain for BANKEX is 57600  


Historical data for 57600 Call

Ltp (57600 CE)
143.15 -721.85
Open Interest
65130 65130

Historical data for 57600 Put

Ltp (57600 PE)
399.35 367.10
Open Interest
36570 36570

Strike  52900  has a total call value of 0  versus a total put value of  648,478,350,000 Combined total value = 648,478,350,000

Strike  53000  has a total call value of 0  versus a total put value of  631,169,850,000 Combined total value = 631,169,850,000

Strike  53100  has a total call value of 0  versus a total put value of  613,901,700,000 Combined total value = 613,901,700,000

Strike  53200  has a total call value of 0  versus a total put value of  596,633,550,000 Combined total value = 596,633,550,000

Strike  53300  has a total call value of 0  versus a total put value of  579,365,400,000 Combined total value = 579,365,400,000

Strike  53400  has a total call value of 0  versus a total put value of  562,097,250,000 Combined total value = 562,097,250,000

Strike  53500  has a total call value of 0  versus a total put value of  544,829,100,000 Combined total value = 544,829,100,000

Strike  53600  has a total call value of 0  versus a total put value of  527,601,600,000 Combined total value = 527,601,600,000

Strike  53700  has a total call value of 0  versus a total put value of  510,374,100,000 Combined total value = 510,374,100,000

Strike  53800  has a total call value of 0  versus a total put value of  493,146,600,000 Combined total value = 493,146,600,000

Strike  53900  has a total call value of 0  versus a total put value of  475,919,100,000 Combined total value = 475,919,100,000

Strike  54000  has a total call value of 0  versus a total put value of  458,691,600,000 Combined total value = 458,691,600,000

Strike  54100  has a total call value of 0  versus a total put value of  441,700,350,000 Combined total value = 441,700,350,000

Strike  54200  has a total call value of 0  versus a total put value of  424,709,100,000 Combined total value = 424,709,100,000

Strike  54300  has a total call value of 0  versus a total put value of  407,717,850,000 Combined total value = 407,717,850,000

Strike  54400  has a total call value of 0  versus a total put value of  390,726,600,000 Combined total value = 390,726,600,000

Strike  54500  has a total call value of 0  versus a total put value of  373,735,350,000 Combined total value = 373,735,350,000

Strike  54600  has a total call value of 0  versus a total put value of  357,114,000,000 Combined total value = 357,114,000,000

Strike  54700  has a total call value of 0  versus a total put value of  340,492,650,000 Combined total value = 340,492,650,000

Strike  54800  has a total call value of 0  versus a total put value of  323,871,300,000 Combined total value = 323,871,300,000

Strike  54900  has a total call value of 0  versus a total put value of  307,249,950,000 Combined total value = 307,249,950,000

Strike  55000  has a total call value of 0  versus a total put value of  290,628,600,000 Combined total value = 290,628,600,000

Strike  55100  has a total call value of 0  versus a total put value of  275,829,600,000 Combined total value = 275,829,600,000

Strike  55200  has a total call value of 0  versus a total put value of  261,030,600,000 Combined total value = 261,030,600,000

Strike  55300  has a total call value of 0  versus a total put value of  246,231,600,000 Combined total value = 246,231,600,000

Strike  55400  has a total call value of 0  versus a total put value of  231,432,600,000 Combined total value = 231,432,600,000

Strike  55500  has a total call value of 0  versus a total put value of  216,633,600,000 Combined total value = 216,633,600,000

Strike  55600  has a total call value of 0  versus a total put value of  203,347,350,000 Combined total value = 203,347,350,000

Strike  55700  has a total call value of 0  versus a total put value of  190,061,100,000 Combined total value = 190,061,100,000

Strike  55800  has a total call value of 0  versus a total put value of  176,774,850,000 Combined total value = 176,774,850,000

Strike  55900  has a total call value of 0  versus a total put value of  163,488,600,000 Combined total value = 163,488,600,000

Strike  56000  has a total call value of 0  versus a total put value of  150,222,150,000 Combined total value = 150,222,150,000

Strike  56100  has a total call value of 0  versus a total put value of  138,259,200,000 Combined total value = 138,259,200,000

Strike  56200  has a total call value of 0  versus a total put value of  126,430,050,000 Combined total value = 126,430,050,000

Strike  56300  has a total call value of 0  versus a total put value of  114,943,650,000 Combined total value = 114,943,650,000

Strike  56400  has a total call value of 1,200,000  versus a total put value of  103,819,800,000 Combined total value = 103,821,000,000

Strike  56500  has a total call value of 6,450,000  versus a total put value of  93,170,850,000 Combined total value = 93,177,300,000

Strike  56600  has a total call value of 28,650,000  versus a total put value of  83,527,800,000 Combined total value = 83,556,450,000

Strike  56700  has a total call value of 79,200,000  versus a total put value of  74,222,250,000 Combined total value = 74,301,450,000

Strike  56800  has a total call value of 170,850,000  versus a total put value of  65,407,950,000 Combined total value = 65,578,800,000

Strike  56900  has a total call value of 265,650,000  versus a total put value of  57,148,650,000 Combined total value = 57,414,300,000

Strike  57000  has a total call value of 367,650,000  versus a total put value of  49,401,000,000 Combined total value = 49,768,650,000

Strike  57100  has a total call value of 692,400,000  versus a total put value of  42,726,000,000 Combined total value = 43,418,400,000

Strike  57200  has a total call value of 1,085,550,000  versus a total put value of  36,438,600,000 Combined total value = 37,524,150,000

Strike  57300  has a total call value of 1,828,800,000  versus a total put value of  30,803,550,000 Combined total value = 32,632,350,000

Strike  57400  has a total call value of 3,553,950,000  versus a total put value of  26,166,150,000 Combined total value = 29,720,100,000

Strike  57500  has a total call value of 5,779,650,000  versus a total put value of  21,984,150,000 Combined total value = 27,763,800,000

Strike  57600  has a total call value of 9,061,050,000  versus a total put value of  18,649,050,000 Combined total value = 27,710,100,000

Strike  57700  has a total call value of 12,993,750,000  versus a total put value of  15,679,650,000 Combined total value = 28,673,400,000

Strike  57800  has a total call value of 17,722,950,000  versus a total put value of  12,958,350,000 Combined total value = 30,681,300,000

Strike  57900  has a total call value of 23,960,700,000  versus a total put value of  10,374,150,000 Combined total value = 34,334,850,000

Strike  58000  has a total call value of 30,866,550,000  versus a total put value of  7,958,400,000 Combined total value = 38,824,950,000

Strike  58100  has a total call value of 40,017,750,000  versus a total put value of  6,184,350,000 Combined total value = 46,202,100,000

Strike  58200  has a total call value of 50,062,350,000  versus a total put value of  4,542,600,000 Combined total value = 54,604,950,000

Strike  58300  has a total call value of 61,076,700,000  versus a total put value of  3,000,600,000 Combined total value = 64,077,300,000

Strike  58400  has a total call value of 73,446,150,000  versus a total put value of  1,674,300,000 Combined total value = 75,120,450,000

Strike  58500  has a total call value of 87,009,300,000  versus a total put value of  530,550,000 Combined total value = 87,539,850,000

Strike  58600  has a total call value of 103,278,900,000  versus a total put value of  356,700,000 Combined total value = 103,635,600,000

Strike  58700  has a total call value of 120,999,750,000  versus a total put value of  238,800,000 Combined total value = 121,238,550,000

Strike  58800  has a total call value of 139,384,800,000  versus a total put value of  153,300,000 Combined total value = 139,538,100,000

Strike  58900  has a total call value of 158,797,950,000  versus a total put value of  94,800,000 Combined total value = 158,892,750,000

Strike  59000  has a total call value of 179,002,800,000  versus a total put value of  57,300,000 Combined total value = 179,060,100,000

Strike  59100  has a total call value of 202,556,550,000  versus a total put value of  29,400,000 Combined total value = 202,585,950,000

Strike  59200  has a total call value of 226,640,700,000  versus a total put value of  13,500,000 Combined total value = 226,654,200,000

Strike  59300  has a total call value of 251,122,650,000  versus a total put value of  900,000 Combined total value = 251,123,550,000

Strike  59400  has a total call value of 276,108,600,000  versus a total put value of  450,000 Combined total value = 276,109,050,000

Strike  59500  has a total call value of 301,421,400,000  versus a total put value of  0 Combined total value = 301,421,400,000

Strike  59600  has a total call value of 328,997,700,000  versus a total put value of  0 Combined total value = 328,997,700,000

Strike  59700  has a total call value of 356,930,700,000  versus a total put value of  0 Combined total value = 356,930,700,000

Strike  59800  has a total call value of 385,004,100,000  versus a total put value of  0 Combined total value = 385,004,100,000

Strike  59900  has a total call value of 413,164,800,000  versus a total put value of  0 Combined total value = 413,164,800,000

Strike  60000  has a total call value of 441,456,600,000  versus a total put value of  0 Combined total value = 441,456,600,000

Strike  60100  has a total call value of 471,993,600,000  versus a total put value of  0 Combined total value = 471,993,600,000

Strike  60200  has a total call value of 502,530,600,000  versus a total put value of  0 Combined total value = 502,530,600,000

Strike  60300  has a total call value of 533,068,200,000  versus a total put value of  0 Combined total value = 533,068,200,000

Strike  60400  has a total call value of 563,734,350,000  versus a total put value of  0 Combined total value = 563,734,350,000

Strike  60500  has a total call value of 594,400,500,000  versus a total put value of  0 Combined total value = 594,400,500,000

Strike  60600  has a total call value of 625,811,550,000  versus a total put value of  0 Combined total value = 625,811,550,000

Strike  60700  has a total call value of 657,223,800,000  versus a total put value of  0 Combined total value = 657,223,800,000

Strike  60800  has a total call value of 688,636,050,000  versus a total put value of  0 Combined total value = 688,636,050,000

Strike  60900  has a total call value of 720,048,300,000  versus a total put value of  0 Combined total value = 720,048,300,000

Strike  61000  has a total call value of 751,486,350,000  versus a total put value of  0 Combined total value = 751,486,350,000

Strike  61100  has a total call value of 784,237,500,000  versus a total put value of  0 Combined total value = 784,237,500,000

Strike  61200  has a total call value of 816,991,650,000  versus a total put value of  0 Combined total value = 816,991,650,000

Strike  61300  has a total call value of 849,745,800,000  versus a total put value of  0 Combined total value = 849,745,800,000

Strike  61400  has a total call value of 882,499,950,000  versus a total put value of  0 Combined total value = 882,499,950,000

Strike  61500  has a total call value of 915,257,250,000  versus a total put value of  0 Combined total value = 915,257,250,000

Strike  61600  has a total call value of 948,033,900,000  versus a total put value of  0 Combined total value = 948,033,900,000

Strike  61700  has a total call value of 980,810,550,000  versus a total put value of  0 Combined total value = 980,810,550,000

Strike  61800  has a total call value of 1,013,589,000,000  versus a total put value of  0 Combined total value = 1,013,589,000,000

Strike  61900  has a total call value of 1,046,367,450,000  versus a total put value of  0 Combined total value = 1,046,367,450,000

Strike  62000  has a total call value of 1,079,145,900,000  versus a total put value of  0 Combined total value = 1,079,145,900,000

Strike  62100  has a total call value of 1,111,931,850,000  versus a total put value of  0 Combined total value = 1,111,931,850,000

Strike  62200  has a total call value of 1,144,717,800,000  versus a total put value of  0 Combined total value = 1,144,717,800,000

Strike  62300  has a total call value of 1,177,503,750,000  versus a total put value of  0 Combined total value = 1,177,503,750,000

Strike  62400  has a total call value of 1,210,289,700,000  versus a total put value of  0 Combined total value = 1,210,289,700,000

Strike  62500  has a total call value of 1,243,075,650,000  versus a total put value of  0 Combined total value = 1,243,075,650,000

Strike  62600  has a total call value of 1,275,861,600,000  versus a total put value of  0 Combined total value = 1,275,861,600,000

Strike  62700  has a total call value of 1,308,647,550,000  versus a total put value of  0 Combined total value = 1,308,647,550,000

Strike  62800  has a total call value of 1,341,433,500,000  versus a total put value of  0 Combined total value = 1,341,433,500,000

Strike  62900  has a total call value of 1,374,219,450,000  versus a total put value of  0 Combined total value = 1,374,219,450,000

Strike  63000  has a total call value of 1,407,005,400,000  versus a total put value of  0 Combined total value = 1,407,005,400,000

Strike  63100  has a total call value of 1,439,791,350,000  versus a total put value of  0 Combined total value = 1,439,791,350,000

Strike  63200  has a total call value of 1,472,577,300,000  versus a total put value of  0 Combined total value = 1,472,577,300,000

Strike  63300  has a total call value of 1,505,363,250,000  versus a total put value of  0 Combined total value = 1,505,363,250,000

Strike  63400  has a total call value of 1,538,149,200,000  versus a total put value of  0 Combined total value = 1,538,149,200,000

Strike  63500  has a total call value of 1,570,935,150,000  versus a total put value of  0 Combined total value = 1,570,935,150,000

All Max-Pain Table

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BANKEX

( Bank Index )

BANKNIFTY

( Nifty Bank )

FINNIFTY

( Nifty Financial Services )

MIDCPNIFTY

( Nifty Midcap Select )

NIFTY

( Nifty )

NIFTYNXT50

( Nifty Next 50 )

SENSEX

( Sensex )

Commodity

COPPER

( Copper )

CRUDEOIL

( Crude Oil )

CRUDEOILM

( Crude Oil Mini )

GOLD

( Gold )

GOLDM

( Gold Mini )

NATGASMINI

( Natural Gas Mini )

NATURALGAS

( Natural Gas )

SILVER

( Silver )

SILVERM

( Silver Mini )

ZINC

( Zinc )

A

Aarti Industries Ltd

( AARTIIND )

Abb India Limited

( ABB )

Abbott India Limited

( ABBOTINDIA )

Aditya Birla Capital Ltd.

( ABCAPITAL )

Aditya Birla Fashion & Rt

( ABFRL )

Acc Limited

( ACC )

Adani Enterprises Limited

( ADANIENT )

Adani Port & Sez Ltd

( ADANIPORTS )

Alkem Laboratories Ltd.

( ALKEM )

Ambuja Cements Ltd

( AMBUJACEM )

Apollo Hospitals Enter. L

( APOLLOHOSP )

Apollo Tyres Ltd

( APOLLOTYRE )

Ashok Leyland Ltd

( ASHOKLEY )

Asian Paints Limited

( ASIANPAINT )

Astral Limited

( ASTRAL )

Atul Ltd

( ATUL )

Au Small Finance Bank Ltd

( AUBANK )

Aurobindo Pharma Ltd

( AUROPHARMA )

Axis Bank Limited

( AXISBANK )

B

Bajaj Auto Limited

( BAJAJ-AUTO )

Bajaj Finserv Ltd.

( BAJAJFINSV )

Bajaj Finance Limited

( BAJFINANCE )

Balkrishna Ind. Ltd

( BALKRISIND )

Balrampur Chini Mills Ltd

( BALRAMCHIN )

Bandhan Bank Limited

( BANDHANBNK )

Bank Of Baroda

( BANKBARODA )

Bank Index

( BANKEX )

Nifty Bank

( BANKNIFTY )

Bata India Ltd

( BATAINDIA )

Bharat Electronics Ltd

( BEL )

Berger Paints (I) Ltd

( BERGEPAINT )

Bharat Forge Ltd

( BHARATFORG )

Bharti Airtel Limited

( BHARTIARTL )

Bhel

( BHEL )

Biocon Limited.

( BIOCON )

Bosch Limited

( BOSCHLTD )

Bharat Petroleum Corp Lt

( BPCL )

Britannia Industries Ltd

( BRITANNIA )

Birlasoft Limited

( BSOFT )

C

Canara Bank

( CANBK )

Can Fin Homes Ltd

( CANFINHOME )

Chambal Fertilizers Ltd

( CHAMBLFERT )

Cholamandalam In & Fin Co

( CHOLAFIN )

Cipla Ltd

( CIPLA )

Coal India Ltd

( COALINDIA )

Coforge Limited

( COFORGE )

Colgate Palmolive Ltd.

( COLPAL )

Container Corp Of Ind Ltd

( CONCOR )

Copper

( COPPER )

Coromandel Interntl. Ltd

( COROMANDEL )

Crompt Grea Con Elec Ltd

( CROMPTON )

Crude Oil

( CRUDEOIL )

Crude Oil Mini

( CRUDEOILM )

City Union Bank Ltd

( CUB )

Cummins India Ltd

( CUMMINSIND )

D

Dabur India Ltd

( DABUR )

Dalmia Bharat Limited

( DALBHARAT )

Deepak Nitrite Ltd

( DEEPAKNTR )

Divi S Laboratories Ltd

( DIVISLAB )

Dixon Techno (India) Ltd

( DIXON )

Dlf Limited

( DLF )

Dr. Reddy S Laboratories

( DRREDDY )

E

Eicher Motors Ltd

( EICHERMOT )

Escorts Kubota Limited

( ESCORTS )

Exide Industries Ltd

( EXIDEIND )

F

Federal Bank Ltd

( FEDERALBNK )

Nifty Financial Services

( FINNIFTY )

G

Gail (India) Ltd

( GAIL )

Glenmark Pharmaceuticals

( GLENMARK )

Gmr Airports Infra Ltd

( GMRINFRA )

Guj Nar Val Fer & Chem L

( GNFC )

Godrej Consumer Products

( GODREJCP )

Godrej Properties Ltd

( GODREJPROP )

Gold

( GOLD )

Gold Mini

( GOLDM )

Granules India Limited

( GRANULES )

Grasim Industries Ltd

( GRASIM )

Gujarat Gas Limited

( GUJGASLTD )

H

Hindustan Aeronautics Ltd

( HAL )

Havells India Limited

( HAVELLS )

Hcl Technologies Ltd

( HCLTECH )

Hdfc Amc Limited

( HDFCAMC )

Hdfc Bank Ltd

( HDFCBANK )

Hdfc Life Ins Co Ltd

( HDFCLIFE )

Hero Motocorp Limited

( HEROMOTOCO )

Hindalco Industries Ltd

( HINDALCO )

Hindustan Copper Ltd

( HINDCOPPER )

Hindustan Petroleum Corp

( HINDPETRO )

Hindustan Unilever Ltd.

( HINDUNILVR )

I

Icici Bank Ltd.

( ICICIBANK )

Icici Lombard Gic Limited

( ICICIGI )

Icici Pru Life Ins Co Ltd

( ICICIPRULI )

Vodafone Idea Limited

( IDEA )

Idfc Limited

( IDFC )

Idfc First Bank Limited

( IDFCFIRSTB )

Indian Energy Exc Ltd

( IEX )

Indraprastha Gas Ltd

( IGL )

The Indian Hotels Co. Ltd

( INDHOTEL )

Indiamart Intermesh Ltd

( INDIAMART )

Interglobe Aviation Ltd

( INDIGO )

Indusind Bank Limited

( INDUSINDBK )

Indus Towers Limited

( INDUSTOWER )

Infosys Limited

( INFY )

Indian Oil Corp Ltd

( IOC )

Ipca Laboratories Ltd

( IPCALAB )

Indian Rail Tour Corp Ltd

( IRCTC )

Itc Ltd

( ITC )

J

Jindal Steel & Power Ltd

( JINDALSTEL )

Jk Cement Limited

( JKCEMENT )

Jsw Steel Limited

( JSWSTEEL )

Jubilant Foodworks Ltd

( JUBLFOOD )

K

Kotak Mahindra Bank Ltd

( KOTAKBANK )

L

Dr. Lal Path Labs Ltd.

( LALPATHLAB )

Laurus Labs Limited

( LAURUSLABS )

Lic Housing Finance Ltd

( LICHSGFIN )

Larsen & Toubro Ltd.

( LT )

L&T Finance Limited

( LTF )

Ltimindtree Limited

( LTIM )

L&T Technology Ser. Ltd.

( LTTS )

Lupin Limited

( LUPIN )

M

Mahindra & Mahindra Ltd

( M&M )

M&M Fin. Services Ltd

( M&MFIN )

Manappuram Finance Ltd

( MANAPPURAM )

Marico Limited

( MARICO )

Maruti Suzuki India Ltd.

( MARUTI )

Multi Commodity Exchange

( MCX )

Metropolis Healthcare Ltd

( METROPOLIS )

Max Financial Serv Ltd

( MFSL )

Mahanagar Gas Ltd.

( MGL )

Nifty Midcap Select

( MIDCPNIFTY )

Samvrdhna Mthrsn Intl Ltd

( MOTHERSON )

Mphasis Limited

( MPHASIS )

Mrf Ltd

( MRF )

Muthoot Finance Limited

( MUTHOOTFIN )

N

Natural Gas Mini

( NATGASMINI )

National Aluminium Co Ltd

( NATIONALUM )

Natural Gas

( NATURALGAS )

Info Edge (I) Ltd

( NAUKRI )

Navin Fluorine Int. Ltd

( NAVINFLUOR )

Nestle India Limited

( NESTLEIND )

Nifty

( NIFTY )

Nifty Next 50

( NIFTYNXT50 )

Nmdc Ltd.

( NMDC )

Ntpc Ltd

( NTPC )

O

Oberoi Realty Limited

( OBEROIRLTY )

Oracle Fin Serv Soft Ltd.

( OFSS )

Oil And Natural Gas Corp.

( ONGC )

P

Page Industries Ltd

( PAGEIND )

Piramal Enterprises Ltd

( PEL )

Persistent Systems Ltd

( PERSISTENT )

Petronet Lng Limited

( PETRONET )

Power Fin Corp Ltd.

( PFC )

Pidilite Industries Ltd

( PIDILITIND )

Pi Industries Ltd

( PIIND )

Punjab National Bank

( PNB )

Polycab India Limited

( POLYCAB )

Power Grid Corp. Ltd.

( POWERGRID )

Pvr Inox Limited

( PVRINOX )

R

The Ramco Cements Limited

( RAMCOCEM )

Rbl Bank Limited

( RBLBANK )

Rec Limited

( RECLTD )

Reliance Industries Ltd

( RELIANCE )

S

Steel Authority Of India

( SAIL )

Sbi Cards & Pay Ser Ltd

( SBICARD )

Sbi Life Insurance Co Ltd

( SBILIFE )

State Bank Of India

( SBIN )

Sensex

( SENSEX )

Shree Cement Limited

( SHREECEM )

Shriram Finance Limited

( SHRIRAMFIN )

Siemens Ltd

( SIEMENS )

Silver

( SILVER )

Silver Mini

( SILVERM )

Srf Ltd

( SRF )

Sun Pharmaceutical Ind L

( SUNPHARMA )

Sun Tv Network Limited

( SUNTV )

Syngene International Ltd

( SYNGENE )

T

Tata Chemicals Ltd

( TATACHEM )

Tata Communications Ltd

( TATACOMM )

Tata Consumer Product Ltd

( TATACONSUM )

Tata Motors Limited

( TATAMOTORS )

Tata Power Co Ltd

( TATAPOWER )

Tata Steel Limited

( TATASTEEL )

Tata Consultancy Serv Lt

( TCS )

Tech Mahindra Limited

( TECHM )

Titan Company Limited

( TITAN )

Torrent Pharmaceuticals L

( TORNTPHARM )

Trent Ltd

( TRENT )

Tvs Motor Company Ltd

( TVSMOTOR )

U

United Breweries Ltd

( UBL )

Ultratech Cement Limited

( ULTRACEMCO )

United Spirits Limited

( UNITDSPR )

Upl Limited

( UPL )

Us Dollar To Indian Rupee

( USDINR )

V

Vedanta Limited

( VEDL )

Voltas Ltd

( VOLTAS )

W

Wipro Ltd

( WIPRO )

Z

Zinc

( ZINC )

Zydus Lifesciences Ltd

( ZYDUSLIFE )

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.