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BANKNIFTY
Nifty Bank

50576.85 -896.20 (-1.74%)

Max pain for BANKNIFTY

06 Sep 2024 04:13 PM IST

Max Pain for BANKNIFTY is 51000  



Strike  42000  has a total call value of 0  versus a total put value of  22,613,002,800,000 Combined total value = 22,613,002,800,000

Strike  42100  has a total call value of 0  versus a total put value of  22,282,514,550,000 Combined total value = 22,282,514,550,000

Strike  42200  has a total call value of 0  versus a total put value of  21,952,026,300,000 Combined total value = 21,952,026,300,000

Strike  42300  has a total call value of 0  versus a total put value of  21,621,538,050,000 Combined total value = 21,621,538,050,000

Strike  42400  has a total call value of 0  versus a total put value of  21,291,049,800,000 Combined total value = 21,291,049,800,000

Strike  42500  has a total call value of 0  versus a total put value of  20,960,561,550,000 Combined total value = 20,960,561,550,000

Strike  42600  has a total call value of 0  versus a total put value of  20,633,398,650,000 Combined total value = 20,633,398,650,000

Strike  42700  has a total call value of 0  versus a total put value of  20,306,235,750,000 Combined total value = 20,306,235,750,000

Strike  42800  has a total call value of 0  versus a total put value of  19,979,072,850,000 Combined total value = 19,979,072,850,000

Strike  42900  has a total call value of 0  versus a total put value of  19,651,909,950,000 Combined total value = 19,651,909,950,000

Strike  43000  has a total call value of 0  versus a total put value of  19,324,747,050,000 Combined total value = 19,324,747,050,000

Strike  43100  has a total call value of 0  versus a total put value of  19,003,245,150,000 Combined total value = 19,003,245,150,000

Strike  43200  has a total call value of 0  versus a total put value of  18,681,743,250,000 Combined total value = 18,681,743,250,000

Strike  43300  has a total call value of 0  versus a total put value of  18,360,241,350,000 Combined total value = 18,360,241,350,000

Strike  43400  has a total call value of 0  versus a total put value of  18,038,739,450,000 Combined total value = 18,038,739,450,000

Strike  43500  has a total call value of 0  versus a total put value of  17,717,237,550,000 Combined total value = 17,717,237,550,000

Strike  43600  has a total call value of 0  versus a total put value of  17,398,573,800,000 Combined total value = 17,398,573,800,000

Strike  43700  has a total call value of 0  versus a total put value of  17,079,910,050,000 Combined total value = 17,079,910,050,000

Strike  43800  has a total call value of 0  versus a total put value of  16,761,246,300,000 Combined total value = 16,761,246,300,000

Strike  43900  has a total call value of 0  versus a total put value of  16,442,582,550,000 Combined total value = 16,442,582,550,000

Strike  44000  has a total call value of 0  versus a total put value of  16,123,918,800,000 Combined total value = 16,123,918,800,000

Strike  44100  has a total call value of 0  versus a total put value of  15,812,815,650,000 Combined total value = 15,812,815,650,000

Strike  44200  has a total call value of 0  versus a total put value of  15,501,712,500,000 Combined total value = 15,501,712,500,000

Strike  44300  has a total call value of 0  versus a total put value of  15,190,609,350,000 Combined total value = 15,190,609,350,000

Strike  44400  has a total call value of 0  versus a total put value of  14,879,506,200,000 Combined total value = 14,879,506,200,000

Strike  44500  has a total call value of 0  versus a total put value of  14,568,403,050,000 Combined total value = 14,568,403,050,000

Strike  44600  has a total call value of 0  versus a total put value of  14,260,426,500,000 Combined total value = 14,260,426,500,000

Strike  44700  has a total call value of 0  versus a total put value of  13,952,449,950,000 Combined total value = 13,952,449,950,000

Strike  44800  has a total call value of 0  versus a total put value of  13,644,473,400,000 Combined total value = 13,644,473,400,000

Strike  44900  has a total call value of 0  versus a total put value of  13,336,496,850,000 Combined total value = 13,336,496,850,000

Strike  45000  has a total call value of 0  versus a total put value of  13,028,520,300,000 Combined total value = 13,028,520,300,000

Strike  45100  has a total call value of 0  versus a total put value of  12,732,967,800,000 Combined total value = 12,732,967,800,000

Strike  45200  has a total call value of 0  versus a total put value of  12,437,415,300,000 Combined total value = 12,437,415,300,000

Strike  45300  has a total call value of 0  versus a total put value of  12,141,862,800,000 Combined total value = 12,141,862,800,000

Strike  45400  has a total call value of 0  versus a total put value of  11,846,310,300,000 Combined total value = 11,846,310,300,000

Strike  45500  has a total call value of 0  versus a total put value of  11,550,757,800,000 Combined total value = 11,550,757,800,000

Strike  45600  has a total call value of 0  versus a total put value of  11,258,008,200,000 Combined total value = 11,258,008,200,000

Strike  45700  has a total call value of 0  versus a total put value of  10,965,258,600,000 Combined total value = 10,965,258,600,000

Strike  45800  has a total call value of 0  versus a total put value of  10,672,509,000,000 Combined total value = 10,672,509,000,000

Strike  45900  has a total call value of 0  versus a total put value of  10,379,759,400,000 Combined total value = 10,379,759,400,000

Strike  46000  has a total call value of 0  versus a total put value of  10,087,009,800,000 Combined total value = 10,087,009,800,000

Strike  46100  has a total call value of 0  versus a total put value of  9,802,310,700,000 Combined total value = 9,802,310,700,000

Strike  46200  has a total call value of 0  versus a total put value of  9,517,611,600,000 Combined total value = 9,517,611,600,000

Strike  46300  has a total call value of 0  versus a total put value of  9,232,912,500,000 Combined total value = 9,232,912,500,000

Strike  46400  has a total call value of 0  versus a total put value of  8,948,213,400,000 Combined total value = 8,948,213,400,000

Strike  46500  has a total call value of 0  versus a total put value of  8,663,514,300,000 Combined total value = 8,663,514,300,000

Strike  46600  has a total call value of 0  versus a total put value of  8,385,019,200,000 Combined total value = 8,385,019,200,000

Strike  46700  has a total call value of 0  versus a total put value of  8,106,524,100,000 Combined total value = 8,106,524,100,000

Strike  46800  has a total call value of 0  versus a total put value of  7,829,042,850,000 Combined total value = 7,829,042,850,000

Strike  46900  has a total call value of 0  versus a total put value of  7,552,762,950,000 Combined total value = 7,552,762,950,000

Strike  47000  has a total call value of 0  versus a total put value of  7,281,126,900,000 Combined total value = 7,281,126,900,000

Strike  47100  has a total call value of 0  versus a total put value of  7,022,960,100,000 Combined total value = 7,022,960,100,000

Strike  47200  has a total call value of 0  versus a total put value of  6,770,052,450,000 Combined total value = 6,770,052,450,000

Strike  47300  has a total call value of 0  versus a total put value of  6,523,373,700,000 Combined total value = 6,523,373,700,000

Strike  47400  has a total call value of 0  versus a total put value of  6,281,197,200,000 Combined total value = 6,281,197,200,000

Strike  47500  has a total call value of 0  versus a total put value of  6,041,779,350,000 Combined total value = 6,041,779,350,000

Strike  47600  has a total call value of 0  versus a total put value of  5,810,409,900,000 Combined total value = 5,810,409,900,000

Strike  47700  has a total call value of 0  versus a total put value of  5,581,865,100,000 Combined total value = 5,581,865,100,000

Strike  47800  has a total call value of 0  versus a total put value of  5,354,303,100,000 Combined total value = 5,354,303,100,000

Strike  47900  has a total call value of 0  versus a total put value of  5,128,093,350,000 Combined total value = 5,128,093,350,000

Strike  48000  has a total call value of 0  versus a total put value of  4,903,017,750,000 Combined total value = 4,903,017,750,000

Strike  48100  has a total call value of 62,850,000  versus a total put value of  4,693,398,900,000 Combined total value = 4,693,461,750,000

Strike  48200  has a total call value of 125,700,000  versus a total put value of  4,484,468,250,000 Combined total value = 4,484,593,950,000

Strike  48300  has a total call value of 189,300,000  versus a total put value of  4,276,011,600,000 Combined total value = 4,276,200,900,000

Strike  48400  has a total call value of 252,900,000  versus a total put value of  4,068,630,900,000 Combined total value = 4,068,883,800,000

Strike  48500  has a total call value of 316,500,000  versus a total put value of  3,862,316,700,000 Combined total value = 3,862,633,200,000

Strike  48600  has a total call value of 392,700,000  versus a total put value of  3,662,942,400,000 Combined total value = 3,663,335,100,000

Strike  48700  has a total call value of 470,700,000  versus a total put value of  3,465,631,200,000 Combined total value = 3,466,101,900,000

Strike  48800  has a total call value of 548,700,000  versus a total put value of  3,269,825,550,000 Combined total value = 3,270,374,250,000

Strike  48900  has a total call value of 628,200,000  versus a total put value of  3,077,104,500,000 Combined total value = 3,077,732,700,000

Strike  49000  has a total call value of 710,700,000  versus a total put value of  2,886,337,050,000 Combined total value = 2,887,047,750,000

Strike  49100  has a total call value of 903,300,000  versus a total put value of  2,707,419,450,000 Combined total value = 2,708,322,750,000

Strike  49200  has a total call value of 1,098,300,000  versus a total put value of  2,530,386,450,000 Combined total value = 2,531,484,750,000

Strike  49300  has a total call value of 1,296,450,000  versus a total put value of  2,356,006,500,000 Combined total value = 2,357,302,950,000

Strike  49400  has a total call value of 1,498,800,000  versus a total put value of  2,184,528,450,000 Combined total value = 2,186,027,250,000

Strike  49500  has a total call value of 1,710,450,000  versus a total put value of  2,015,516,850,000 Combined total value = 2,017,227,300,000

Strike  49600  has a total call value of 2,184,300,000  versus a total put value of  1,858,671,000,000 Combined total value = 1,860,855,300,000

Strike  49700  has a total call value of 2,693,700,000  versus a total put value of  1,705,161,900,000 Combined total value = 1,707,855,600,000

Strike  49800  has a total call value of 3,259,050,000  versus a total put value of  1,555,442,250,000 Combined total value = 1,558,701,300,000

Strike  49900  has a total call value of 3,937,500,000  versus a total put value of  1,409,372,250,000 Combined total value = 1,413,309,750,000

Strike  50000  has a total call value of 4,740,300,000  versus a total put value of  1,266,418,950,000 Combined total value = 1,271,159,250,000

Strike  50100  has a total call value of 7,833,900,000  versus a total put value of  1,139,000,400,000 Combined total value = 1,146,834,300,000

Strike  50200  has a total call value of 11,875,350,000  versus a total put value of  1,014,466,800,000 Combined total value = 1,026,342,150,000

Strike  50300  has a total call value of 16,890,000,000  versus a total put value of  895,524,150,000 Combined total value = 912,414,150,000

Strike  50400  has a total call value of 23,005,650,000  versus a total put value of  781,118,400,000 Combined total value = 804,124,050,000

Strike  50500  has a total call value of 30,940,650,000  versus a total put value of  673,174,200,000 Combined total value = 704,114,850,000

Strike  50600  has a total call value of 48,390,450,000  versus a total put value of  579,666,300,000 Combined total value = 628,056,750,000

Strike  50700  has a total call value of 72,791,400,000  versus a total put value of  493,212,750,000 Combined total value = 566,004,150,000

Strike  50800  has a total call value of 104,509,950,000  versus a total put value of  411,915,750,000 Combined total value = 516,425,700,000

Strike  50900  has a total call value of 146,678,700,000  versus a total put value of  338,774,550,000 Combined total value = 485,453,250,000

Strike  51000  has a total call value of 200,957,550,000  versus a total put value of  270,386,700,000 Combined total value = 471,344,250,000

Strike  51100  has a total call value of 286,682,100,000  versus a total put value of  217,116,300,000 Combined total value = 503,798,400,000

Strike  51200  has a total call value of 385,497,300,000  versus a total put value of  168,361,650,000 Combined total value = 553,858,950,000

Strike  51300  has a total call value of 504,676,650,000  versus a total put value of  124,762,200,000 Combined total value = 629,438,850,000

Strike  51400  has a total call value of 646,349,550,000  versus a total put value of  87,017,700,000 Combined total value = 733,367,250,000

Strike  51500  has a total call value of 812,625,000,000  versus a total put value of  58,430,850,000 Combined total value = 871,055,850,000

Strike  51600  has a total call value of 1,022,444,100,000  versus a total put value of  42,811,350,000 Combined total value = 1,065,255,450,000

Strike  51700  has a total call value of 1,251,295,200,000  versus a total put value of  31,925,100,000 Combined total value = 1,283,220,300,000

Strike  51800  has a total call value of 1,495,484,100,000  versus a total put value of  24,438,450,000 Combined total value = 1,519,922,550,000

Strike  51900  has a total call value of 1,754,694,300,000  versus a total put value of  18,813,900,000 Combined total value = 1,773,508,200,000

Strike  52000  has a total call value of 2,022,242,700,000  versus a total put value of  14,292,750,000 Combined total value = 2,036,535,450,000

Strike  52100  has a total call value of 2,312,419,650,000  versus a total put value of  11,369,550,000 Combined total value = 2,323,789,200,000

Strike  52200  has a total call value of 2,611,105,350,000  versus a total put value of  8,854,350,000 Combined total value = 2,619,959,700,000

Strike  52300  has a total call value of 2,919,163,050,000  versus a total put value of  6,762,600,000 Combined total value = 2,925,925,650,000

Strike  52400  has a total call value of 3,236,815,650,000  versus a total put value of  4,897,350,000 Combined total value = 3,241,713,000,000

Strike  52500  has a total call value of 3,560,284,950,000  versus a total put value of  3,156,450,000 Combined total value = 3,563,441,400,000

Strike  52600  has a total call value of 3,903,690,000,000  versus a total put value of  2,658,300,000 Combined total value = 3,906,348,300,000

Strike  52700  has a total call value of 4,251,824,850,000  versus a total put value of  2,195,850,000 Combined total value = 4,254,020,700,000

Strike  52800  has a total call value of 4,608,663,600,000  versus a total put value of  1,755,900,000 Combined total value = 4,610,419,500,000

Strike  52900  has a total call value of 4,973,554,350,000  versus a total put value of  1,328,400,000 Combined total value = 4,974,882,750,000

Strike  53000  has a total call value of 5,342,985,750,000  versus a total put value of  909,450,000 Combined total value = 5,343,895,200,000

Strike  53100  has a total call value of 5,736,009,150,000  versus a total put value of  775,350,000 Combined total value = 5,736,784,500,000

Strike  53200  has a total call value of 6,134,711,850,000  versus a total put value of  643,350,000 Combined total value = 6,135,355,200,000

Strike  53300  has a total call value of 6,538,929,300,000  versus a total put value of  515,400,000 Combined total value = 6,539,444,700,000

Strike  53400  has a total call value of 6,948,210,300,000  versus a total put value of  387,450,000 Combined total value = 6,948,597,750,000

Strike  53500  has a total call value of 7,360,836,300,000  versus a total put value of  260,550,000 Combined total value = 7,361,096,850,000

Strike  53600  has a total call value of 7,792,170,300,000  versus a total put value of  221,100,000 Combined total value = 7,792,391,400,000

Strike  53700  has a total call value of 8,227,235,850,000  versus a total put value of  181,650,000 Combined total value = 8,227,417,500,000

Strike  53800  has a total call value of 8,666,225,850,000  versus a total put value of  142,200,000 Combined total value = 8,666,368,050,000

Strike  53900  has a total call value of 9,106,967,700,000  versus a total put value of  103,650,000 Combined total value = 9,107,071,350,000

Strike  54000  has a total call value of 9,550,216,650,000  versus a total put value of  65,100,000 Combined total value = 9,550,281,750,000

Strike  54100  has a total call value of 10,018,056,900,000  versus a total put value of  59,400,000 Combined total value = 10,018,116,300,000

Strike  54200  has a total call value of 10,492,844,100,000  versus a total put value of  53,700,000 Combined total value = 10,492,897,800,000

Strike  54300  has a total call value of 10,975,463,250,000  versus a total put value of  48,300,000 Combined total value = 10,975,511,550,000

Strike  54400  has a total call value of 11,465,523,300,000  versus a total put value of  42,900,000 Combined total value = 11,465,566,200,000

Strike  54500  has a total call value of 11,958,967,650,000  versus a total put value of  37,500,000 Combined total value = 11,959,005,150,000

Strike  54600  has a total call value of 12,462,449,250,000  versus a total put value of  32,100,000 Combined total value = 12,462,481,350,000

Strike  54700  has a total call value of 12,966,439,950,000  versus a total put value of  26,700,000 Combined total value = 12,966,466,650,000

Strike  54800  has a total call value of 13,471,612,650,000  versus a total put value of  21,300,000 Combined total value = 13,471,633,950,000

Strike  54900  has a total call value of 13,976,785,350,000  versus a total put value of  15,900,000 Combined total value = 13,976,801,250,000

Strike  55000  has a total call value of 14,481,958,050,000  versus a total put value of  10,500,000 Combined total value = 14,481,968,550,000

Strike  55100  has a total call value of 15,005,680,350,000  versus a total put value of  8,400,000 Combined total value = 15,005,688,750,000

Strike  55200  has a total call value of 15,529,402,650,000  versus a total put value of  6,300,000 Combined total value = 15,529,408,950,000

Strike  55300  has a total call value of 16,053,124,950,000  versus a total put value of  4,200,000 Combined total value = 16,053,129,150,000

Strike  55400  has a total call value of 16,576,847,250,000  versus a total put value of  2,100,000 Combined total value = 16,576,849,350,000

Strike  55500  has a total call value of 17,100,569,550,000  versus a total put value of  0 Combined total value = 17,100,569,550,000

Strike  55600  has a total call value of 17,626,661,850,000  versus a total put value of  0 Combined total value = 17,626,661,850,000

Strike  55700  has a total call value of 18,152,754,150,000  versus a total put value of  0 Combined total value = 18,152,754,150,000

Strike  55800  has a total call value of 18,678,846,450,000  versus a total put value of  0 Combined total value = 18,678,846,450,000

Strike  55900  has a total call value of 19,204,938,750,000  versus a total put value of  0 Combined total value = 19,204,938,750,000

Strike  56000  has a total call value of 19,731,031,050,000  versus a total put value of  0 Combined total value = 19,731,031,050,000

Strike  56100  has a total call value of 20,279,007,600,000  versus a total put value of  0 Combined total value = 20,279,007,600,000

Strike  56200  has a total call value of 20,826,984,150,000  versus a total put value of  0 Combined total value = 20,826,984,150,000

Strike  56300  has a total call value of 21,374,960,700,000  versus a total put value of  0 Combined total value = 21,374,960,700,000

Strike  56400  has a total call value of 21,922,937,250,000  versus a total put value of  0 Combined total value = 21,922,937,250,000

Strike  56500  has a total call value of 22,470,913,800,000  versus a total put value of  0 Combined total value = 22,470,913,800,000

Strike  56600  has a total call value of 23,025,791,850,000  versus a total put value of  0 Combined total value = 23,025,791,850,000

Strike  56700  has a total call value of 23,580,669,900,000  versus a total put value of  0 Combined total value = 23,580,669,900,000

Strike  56800  has a total call value of 24,135,547,950,000  versus a total put value of  0 Combined total value = 24,135,547,950,000

Strike  56900  has a total call value of 24,690,426,000,000  versus a total put value of  0 Combined total value = 24,690,426,000,000

Strike  57000  has a total call value of 25,245,304,050,000  versus a total put value of  0 Combined total value = 25,245,304,050,000

Strike  57100  has a total call value of 25,804,566,450,000  versus a total put value of  0 Combined total value = 25,804,566,450,000

Strike  57200  has a total call value of 26,363,828,850,000  versus a total put value of  0 Combined total value = 26,363,828,850,000

Strike  57300  has a total call value of 26,923,091,250,000  versus a total put value of  0 Combined total value = 26,923,091,250,000

Strike  57400  has a total call value of 27,482,353,650,000  versus a total put value of  0 Combined total value = 27,482,353,650,000

Strike  57500  has a total call value of 28,041,616,050,000  versus a total put value of  0 Combined total value = 28,041,616,050,000

Strike  57600  has a total call value of 28,608,314,100,000  versus a total put value of  0 Combined total value = 28,608,314,100,000

Strike  57700  has a total call value of 29,175,012,150,000  versus a total put value of  0 Combined total value = 29,175,012,150,000

Strike  57800  has a total call value of 29,741,710,200,000  versus a total put value of  0 Combined total value = 29,741,710,200,000

Strike  57900  has a total call value of 30,308,408,250,000  versus a total put value of  0 Combined total value = 30,308,408,250,000

Strike  58000  has a total call value of 30,875,106,300,000  versus a total put value of  0 Combined total value = 30,875,106,300,000

Strike  58100  has a total call value of 31,449,132,000,000  versus a total put value of  0 Combined total value = 31,449,132,000,000

Strike  58200  has a total call value of 32,023,157,700,000  versus a total put value of  0 Combined total value = 32,023,157,700,000

Strike  58300  has a total call value of 32,597,183,400,000  versus a total put value of  0 Combined total value = 32,597,183,400,000

Strike  58400  has a total call value of 33,171,209,100,000  versus a total put value of  0 Combined total value = 33,171,209,100,000

Strike  58500  has a total call value of 33,745,234,800,000  versus a total put value of  0 Combined total value = 33,745,234,800,000

Strike  58600  has a total call value of 34,331,984,700,000  versus a total put value of  0 Combined total value = 34,331,984,700,000

Strike  58700  has a total call value of 34,918,734,600,000  versus a total put value of  0 Combined total value = 34,918,734,600,000

Strike  58800  has a total call value of 35,505,484,500,000  versus a total put value of  0 Combined total value = 35,505,484,500,000

Strike  58900  has a total call value of 36,092,234,400,000  versus a total put value of  0 Combined total value = 36,092,234,400,000

Strike  59000  has a total call value of 36,678,984,300,000  versus a total put value of  0 Combined total value = 36,678,984,300,000

All Max-Pain Table


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.