FINNIFTY
Nifty Financial Services
Max pain for FINNIFTY
06 Sep 2024 04:13 PM IST
Max Pain for FINNIFTY is 23650
Strike 20000 has a total call value of 0 versus a total put value of 2,651,030,500,000 Combined total value = 2,651,030,500,000
Strike 20050 has a total call value of 0 versus a total put value of 2,606,694,500,000 Combined total value = 2,606,694,500,000
Strike 20100 has a total call value of 0 versus a total put value of 2,562,358,500,000 Combined total value = 2,562,358,500,000
Strike 20150 has a total call value of 0 versus a total put value of 2,518,333,625,000 Combined total value = 2,518,333,625,000
Strike 20200 has a total call value of 0 versus a total put value of 2,474,308,750,000 Combined total value = 2,474,308,750,000
Strike 20250 has a total call value of 0 versus a total put value of 2,430,337,750,000 Combined total value = 2,430,337,750,000
Strike 20300 has a total call value of 0 versus a total put value of 2,386,366,750,000 Combined total value = 2,386,366,750,000
Strike 20350 has a total call value of 0 versus a total put value of 2,343,104,625,000 Combined total value = 2,343,104,625,000
Strike 20400 has a total call value of 0 versus a total put value of 2,299,842,500,000 Combined total value = 2,299,842,500,000
Strike 20450 has a total call value of 0 versus a total put value of 2,256,583,125,000 Combined total value = 2,256,583,125,000
Strike 20500 has a total call value of 0 versus a total put value of 2,213,323,750,000 Combined total value = 2,213,323,750,000
Strike 20550 has a total call value of 0 versus a total put value of 2,170,067,250,000 Combined total value = 2,170,067,250,000
Strike 20600 has a total call value of 0 versus a total put value of 2,126,810,750,000 Combined total value = 2,126,810,750,000
Strike 20650 has a total call value of 0 versus a total put value of 2,083,556,375,000 Combined total value = 2,083,556,375,000
Strike 20700 has a total call value of 0 versus a total put value of 2,040,302,000,000 Combined total value = 2,040,302,000,000
Strike 20750 has a total call value of 0 versus a total put value of 1,997,065,750,000 Combined total value = 1,997,065,750,000
Strike 20800 has a total call value of 0 versus a total put value of 1,953,829,500,000 Combined total value = 1,953,829,500,000
Strike 20850 has a total call value of 0 versus a total put value of 1,910,599,875,000 Combined total value = 1,910,599,875,000
Strike 20900 has a total call value of 0 versus a total put value of 1,867,370,250,000 Combined total value = 1,867,370,250,000
Strike 20950 has a total call value of 0 versus a total put value of 1,824,155,000,000 Combined total value = 1,824,155,000,000
Strike 21000 has a total call value of 0 versus a total put value of 1,780,939,750,000 Combined total value = 1,780,939,750,000
Strike 21050 has a total call value of 0 versus a total put value of 1,737,963,250,000 Combined total value = 1,737,963,250,000
Strike 21100 has a total call value of 0 versus a total put value of 1,694,986,750,000 Combined total value = 1,694,986,750,000
Strike 21150 has a total call value of 0 versus a total put value of 1,652,083,875,000 Combined total value = 1,652,083,875,000
Strike 21200 has a total call value of 0 versus a total put value of 1,609,181,000,000 Combined total value = 1,609,181,000,000
Strike 21250 has a total call value of 0 versus a total put value of 1,566,312,125,000 Combined total value = 1,566,312,125,000
Strike 21300 has a total call value of 0 versus a total put value of 1,523,443,250,000 Combined total value = 1,523,443,250,000
Strike 21350 has a total call value of 0 versus a total put value of 1,480,615,750,000 Combined total value = 1,480,615,750,000
Strike 21400 has a total call value of 0 versus a total put value of 1,437,805,375,000 Combined total value = 1,437,805,375,000
Strike 21450 has a total call value of 0 versus a total put value of 1,395,067,625,000 Combined total value = 1,395,067,625,000
Strike 21500 has a total call value of 0 versus a total put value of 1,352,329,875,000 Combined total value = 1,352,329,875,000
Strike 21550 has a total call value of 0 versus a total put value of 1,309,957,250,000 Combined total value = 1,309,957,250,000
Strike 21600 has a total call value of 0 versus a total put value of 1,267,584,625,000 Combined total value = 1,267,584,625,000
Strike 21650 has a total call value of 0 versus a total put value of 1,225,295,625,000 Combined total value = 1,225,295,625,000
Strike 21700 has a total call value of 0 versus a total put value of 1,183,039,250,000 Combined total value = 1,183,039,250,000
Strike 21750 has a total call value of 0 versus a total put value of 1,140,851,000,000 Combined total value = 1,140,851,000,000
Strike 21800 has a total call value of 0 versus a total put value of 1,098,662,750,000 Combined total value = 1,098,662,750,000
Strike 21850 has a total call value of 0 versus a total put value of 1,056,720,875,000 Combined total value = 1,056,720,875,000
Strike 21900 has a total call value of 0 versus a total put value of 1,014,808,000,000 Combined total value = 1,014,808,000,000
Strike 21950 has a total call value of 0 versus a total put value of 972,979,250,000 Combined total value = 972,979,250,000
Strike 22000 has a total call value of 0 versus a total put value of 931,201,750,000 Combined total value = 931,201,750,000
Strike 22050 has a total call value of 0 versus a total put value of 890,853,250,000 Combined total value = 890,853,250,000
Strike 22100 has a total call value of 0 versus a total put value of 850,530,000,000 Combined total value = 850,530,000,000
Strike 22150 has a total call value of 0 versus a total put value of 810,492,750,000 Combined total value = 810,492,750,000
Strike 22200 has a total call value of 0 versus a total put value of 770,622,625,000 Combined total value = 770,622,625,000
Strike 22250 has a total call value of 0 versus a total put value of 731,365,500,000 Combined total value = 731,365,500,000
Strike 22300 has a total call value of 0 versus a total put value of 692,249,875,000 Combined total value = 692,249,875,000
Strike 22350 has a total call value of 0 versus a total put value of 653,862,500,000 Combined total value = 653,862,500,000
Strike 22400 has a total call value of 0 versus a total put value of 615,693,750,000 Combined total value = 615,693,750,000
Strike 22450 has a total call value of 0 versus a total put value of 578,140,125,000 Combined total value = 578,140,125,000
Strike 22500 has a total call value of 0 versus a total put value of 540,903,000,000 Combined total value = 540,903,000,000
Strike 22550 has a total call value of 0 versus a total put value of 507,100,250,000 Combined total value = 507,100,250,000
Strike 22600 has a total call value of 0 versus a total put value of 473,665,625,000 Combined total value = 473,665,625,000
Strike 22650 has a total call value of 0 versus a total put value of 440,920,500,000 Combined total value = 440,920,500,000
Strike 22700 has a total call value of 0 versus a total put value of 408,449,125,000 Combined total value = 408,449,125,000
Strike 22750 has a total call value of 0 versus a total put value of 377,363,500,000 Combined total value = 377,363,500,000
Strike 22800 has a total call value of 0 versus a total put value of 346,509,750,000 Combined total value = 346,509,750,000
Strike 22850 has a total call value of 1,250,000 versus a total put value of 317,596,875,000 Combined total value = 317,598,125,000
Strike 22900 has a total call value of 2,500,000 versus a total put value of 289,048,750,000 Combined total value = 289,051,250,000
Strike 22950 has a total call value of 3,750,000 versus a total put value of 261,142,875,000 Combined total value = 261,146,625,000
Strike 23000 has a total call value of 5,375,000 versus a total put value of 233,897,500,000 Combined total value = 233,902,875,000
Strike 23050 has a total call value of 20,000,000 versus a total put value of 210,121,250,000 Combined total value = 210,141,250,000
Strike 23100 has a total call value of 34,625,000 versus a total put value of 187,079,875,000 Combined total value = 187,114,500,000
Strike 23150 has a total call value of 61,125,000 versus a total put value of 165,147,125,000 Combined total value = 165,208,250,000
Strike 23200 has a total call value of 93,000,000 versus a total put value of 143,755,375,000 Combined total value = 143,848,375,000
Strike 23250 has a total call value of 160,250,000 versus a total put value of 124,176,250,000 Combined total value = 124,336,500,000
Strike 23300 has a total call value of 246,500,000 versus a total put value of 105,333,000,000 Combined total value = 105,579,500,000
Strike 23350 has a total call value of 484,000,000 versus a total put value of 89,342,000,000 Combined total value = 89,826,000,000
Strike 23400 has a total call value of 882,750,000 versus a total put value of 74,602,375,000 Combined total value = 75,485,125,000
Strike 23450 has a total call value of 1,688,500,000 versus a total put value of 61,950,000,000 Combined total value = 63,638,500,000
Strike 23500 has a total call value of 2,796,875,000 versus a total put value of 50,453,750,000 Combined total value = 53,250,625,000
Strike 23550 has a total call value of 5,500,375,000 versus a total put value of 41,165,250,000 Combined total value = 46,665,625,000
Strike 23600 has a total call value of 9,046,750,000 versus a total put value of 32,780,125,000 Combined total value = 41,826,875,000
Strike 23650 has a total call value of 15,704,750,000 versus a total put value of 25,589,125,000 Combined total value = 41,293,875,000
Strike 23700 has a total call value of 24,023,125,000 versus a total put value of 19,089,250,000 Combined total value = 43,112,375,000
Strike 23750 has a total call value of 37,319,375,000 versus a total put value of 13,803,500,000 Combined total value = 51,122,875,000
Strike 23800 has a total call value of 52,726,250,000 versus a total put value of 8,932,375,000 Combined total value = 61,658,625,000
Strike 23850 has a total call value of 74,610,375,000 versus a total put value of 5,903,125,000 Combined total value = 80,513,500,000
Strike 23900 has a total call value of 100,784,875,000 versus a total put value of 3,511,500,000 Combined total value = 104,296,375,000
Strike 23950 has a total call value of 132,400,750,000 versus a total put value of 2,286,875,000 Combined total value = 134,687,625,000
Strike 24000 has a total call value of 167,451,250,000 versus a total put value of 1,340,000,000 Combined total value = 168,791,250,000
Strike 24050 has a total call value of 211,399,250,000 versus a total put value of 947,000,000 Combined total value = 212,346,250,000
Strike 24100 has a total call value of 257,502,125,000 versus a total put value of 654,750,000 Combined total value = 258,156,875,000
Strike 24150 has a total call value of 306,693,750,000 versus a total put value of 441,375,000 Combined total value = 307,135,125,000
Strike 24200 has a total call value of 357,196,250,000 versus a total put value of 282,750,000 Combined total value = 357,479,000,000
Strike 24250 has a total call value of 413,693,625,000 versus a total put value of 203,750,000 Combined total value = 413,897,375,000
Strike 24300 has a total call value of 471,215,750,000 versus a total put value of 138,625,000 Combined total value = 471,354,375,000
Strike 24350 has a total call value of 530,699,625,000 versus a total put value of 106,500,000 Combined total value = 530,806,125,000
Strike 24400 has a total call value of 591,016,375,000 versus a total put value of 85,875,000 Combined total value = 591,102,250,000
Strike 24450 has a total call value of 654,078,875,000 versus a total put value of 68,125,000 Combined total value = 654,147,000,000
Strike 24500 has a total call value of 718,117,125,000 versus a total put value of 50,375,000 Combined total value = 718,167,500,000
Strike 24550 has a total call value of 790,726,000,000 versus a total put value of 45,250,000 Combined total value = 790,771,250,000
Strike 24600 has a total call value of 864,011,125,000 versus a total put value of 40,125,000 Combined total value = 864,051,250,000
Strike 24650 has a total call value of 939,612,625,000 versus a total put value of 35,000,000 Combined total value = 939,647,625,000
Strike 24700 has a total call value of 1,015,683,500,000 versus a total put value of 30,000,000 Combined total value = 1,015,713,500,000
Strike 24750 has a total call value of 1,094,532,625,000 versus a total put value of 25,000,000 Combined total value = 1,094,557,625,000
Strike 24800 has a total call value of 1,173,668,000,000 versus a total put value of 20,000,000 Combined total value = 1,173,688,000,000
Strike 24850 has a total call value of 1,254,920,875,000 versus a total put value of 15,000,000 Combined total value = 1,254,935,875,000
Strike 24900 has a total call value of 1,336,498,000,000 versus a total put value of 10,000,000 Combined total value = 1,336,508,000,000
Strike 24950 has a total call value of 1,418,621,750,000 versus a total put value of 5,000,000 Combined total value = 1,418,626,750,000
Strike 25000 has a total call value of 1,501,017,875,000 versus a total put value of 0 Combined total value = 1,501,017,875,000
Strike 25050 has a total call value of 1,589,242,750,000 versus a total put value of 0 Combined total value = 1,589,242,750,000
Strike 25100 has a total call value of 1,677,559,750,000 versus a total put value of 0 Combined total value = 1,677,559,750,000
Strike 25150 has a total call value of 1,766,782,125,000 versus a total put value of 0 Combined total value = 1,766,782,125,000
Strike 25200 has a total call value of 1,856,072,250,000 versus a total put value of 0 Combined total value = 1,856,072,250,000
Strike 25250 has a total call value of 1,945,834,125,000 versus a total put value of 0 Combined total value = 1,945,834,125,000
Strike 25300 has a total call value of 2,035,596,000,000 versus a total put value of 0 Combined total value = 2,035,596,000,000
Strike 25350 has a total call value of 2,125,715,000,000 versus a total put value of 0 Combined total value = 2,125,715,000,000
Strike 25400 has a total call value of 2,215,834,000,000 versus a total put value of 0 Combined total value = 2,215,834,000,000
Strike 25450 has a total call value of 2,306,266,250,000 versus a total put value of 0 Combined total value = 2,306,266,250,000
Strike 25500 has a total call value of 2,396,698,500,000 versus a total put value of 0 Combined total value = 2,396,698,500,000
Strike 25550 has a total call value of 2,488,619,125,000 versus a total put value of 0 Combined total value = 2,488,619,125,000
Strike 25600 has a total call value of 2,580,539,750,000 versus a total put value of 0 Combined total value = 2,580,539,750,000
Strike 25650 has a total call value of 2,672,780,500,000 versus a total put value of 0 Combined total value = 2,672,780,500,000
Strike 25700 has a total call value of 2,765,021,250,000 versus a total put value of 0 Combined total value = 2,765,021,250,000
Strike 25750 has a total call value of 2,857,446,125,000 versus a total put value of 0 Combined total value = 2,857,446,125,000
Strike 25800 has a total call value of 2,949,871,000,000 versus a total put value of 0 Combined total value = 2,949,871,000,000
Strike 25850 has a total call value of 3,042,425,375,000 versus a total put value of 0 Combined total value = 3,042,425,375,000
Strike 25900 has a total call value of 3,134,979,750,000 versus a total put value of 0 Combined total value = 3,134,979,750,000
Strike 25950 has a total call value of 3,229,161,375,000 versus a total put value of 0 Combined total value = 3,229,161,375,000
Strike 26000 has a total call value of 3,323,343,000,000 versus a total put value of 0 Combined total value = 3,323,343,000,000
Strike 26050 has a total call value of 3,419,108,500,000 versus a total put value of 0 Combined total value = 3,419,108,500,000
Strike 26100 has a total call value of 3,514,874,000,000 versus a total put value of 0 Combined total value = 3,514,874,000,000
Strike 26150 has a total call value of 3,611,777,125,000 versus a total put value of 0 Combined total value = 3,611,777,125,000
Strike 26200 has a total call value of 3,708,680,250,000 versus a total put value of 0 Combined total value = 3,708,680,250,000
Strike 26250 has a total call value of 3,806,124,500,000 versus a total put value of 0 Combined total value = 3,806,124,500,000
Strike 26300 has a total call value of 3,903,568,750,000 versus a total put value of 0 Combined total value = 3,903,568,750,000
Strike 26350 has a total call value of 4,001,758,750,000 versus a total put value of 0 Combined total value = 4,001,758,750,000
Strike 26400 has a total call value of 4,099,948,750,000 versus a total put value of 0 Combined total value = 4,099,948,750,000
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.