MIDCPNIFTY

Nifty Midcap Select

13979.4 +104.20 (0.75%)

L: 13833.4 H: 13996.2

Max Pain - MIDCPNIFTY

05 Dec 2025 02:02 PM IST

Live

Expiry

Max Pain for MIDCPNIFTY is 14000

Historical data for MIDCPNIFTY-14000-CE

LTP (14000 CE)

217.45 40.55

Open Interest

6831 -22

Historical data for MIDCPNIFTY-14000-PE

LTP (14000 PE)

183 -66.65

Open Interest

7241 1009

Strike 12000 has a total call value of 0 versus a total put value of 981,783,250,000 Combined total value = 981,783,250,000

Strike 12025 has a total call value of 0 versus a total put value of 966,293,300,000 Combined total value = 966,293,300,000

Strike 12050 has a total call value of 0 versus a total put value of 950,803,350,000 Combined total value = 950,803,350,000

Strike 12075 has a total call value of 0 versus a total put value of 935,313,400,000 Combined total value = 935,313,400,000

Strike 12100 has a total call value of 0 versus a total put value of 919,823,450,000 Combined total value = 919,823,450,000

Strike 12125 has a total call value of 0 versus a total put value of 904,333,500,000 Combined total value = 904,333,500,000

Strike 12150 has a total call value of 0 versus a total put value of 888,843,550,000 Combined total value = 888,843,550,000

Strike 12175 has a total call value of 0 versus a total put value of 873,353,600,000 Combined total value = 873,353,600,000

Strike 12200 has a total call value of 0 versus a total put value of 857,863,650,000 Combined total value = 857,863,650,000

Strike 12225 has a total call value of 0 versus a total put value of 842,373,700,000 Combined total value = 842,373,700,000

Strike 12250 has a total call value of 0 versus a total put value of 826,883,750,000 Combined total value = 826,883,750,000

Strike 12275 has a total call value of 0 versus a total put value of 811,393,800,000 Combined total value = 811,393,800,000

Strike 12300 has a total call value of 0 versus a total put value of 795,903,850,000 Combined total value = 795,903,850,000

Strike 12325 has a total call value of 0 versus a total put value of 780,419,150,000 Combined total value = 780,419,150,000

Strike 12350 has a total call value of 0 versus a total put value of 764,934,450,000 Combined total value = 764,934,450,000

Strike 12375 has a total call value of 0 versus a total put value of 749,449,750,000 Combined total value = 749,449,750,000

Strike 12400 has a total call value of 0 versus a total put value of 733,965,050,000 Combined total value = 733,965,050,000

Strike 12425 has a total call value of 0 versus a total put value of 718,480,350,000 Combined total value = 718,480,350,000

Strike 12450 has a total call value of 0 versus a total put value of 702,995,650,000 Combined total value = 702,995,650,000

Strike 12475 has a total call value of 0 versus a total put value of 687,514,100,000 Combined total value = 687,514,100,000

Strike 12500 has a total call value of 0 versus a total put value of 672,036,050,000 Combined total value = 672,036,050,000

Strike 12525 has a total call value of 0 versus a total put value of 656,850,250,000 Combined total value = 656,850,250,000

Strike 12550 has a total call value of 0 versus a total put value of 641,667,950,000 Combined total value = 641,667,950,000

Strike 12575 has a total call value of 0 versus a total put value of 626,489,150,000 Combined total value = 626,489,150,000

Strike 12600 has a total call value of 0 versus a total put value of 611,314,200,000 Combined total value = 611,314,200,000

Strike 12625 has a total call value of 0 versus a total put value of 596,150,100,000 Combined total value = 596,150,100,000

Strike 12650 has a total call value of 0 versus a total put value of 580,986,000,000 Combined total value = 580,986,000,000

Strike 12675 has a total call value of 0 versus a total put value of 565,825,050,000 Combined total value = 565,825,050,000

Strike 12700 has a total call value of 0 versus a total put value of 550,667,950,000 Combined total value = 550,667,950,000

Strike 12725 has a total call value of 0 versus a total put value of 535,532,550,000 Combined total value = 535,532,550,000

Strike 12750 has a total call value of 0 versus a total put value of 520,397,150,000 Combined total value = 520,397,150,000

Strike 12775 has a total call value of 0 versus a total put value of 505,290,450,000 Combined total value = 505,290,450,000

Strike 12800 has a total call value of 0 versus a total put value of 490,186,200,000 Combined total value = 490,186,200,000

Strike 12825 has a total call value of 0 versus a total put value of 475,454,000,000 Combined total value = 475,454,000,000

Strike 12850 has a total call value of 0 versus a total put value of 460,723,200,000 Combined total value = 460,723,200,000

Strike 12875 has a total call value of 0 versus a total put value of 445,996,950,000 Combined total value = 445,996,950,000

Strike 12900 has a total call value of 0 versus a total put value of 431,277,700,000 Combined total value = 431,277,700,000

Strike 12925 has a total call value of 0 versus a total put value of 416,644,200,000 Combined total value = 416,644,200,000

Strike 12950 has a total call value of 0 versus a total put value of 402,025,050,000 Combined total value = 402,025,050,000

Strike 12975 has a total call value of 0 versus a total put value of 387,414,300,000 Combined total value = 387,414,300,000

Strike 13000 has a total call value of 0 versus a total put value of 372,828,400,000 Combined total value = 372,828,400,000

Strike 13025 has a total call value of 78,050,000 versus a total put value of 359,671,550,000 Combined total value = 359,749,600,000

Strike 13050 has a total call value of 156,100,000 versus a total put value of 346,534,300,000 Combined total value = 346,690,400,000

Strike 13075 has a total call value of 234,150,000 versus a total put value of 333,400,900,000 Combined total value = 333,635,050,000

Strike 13100 has a total call value of 312,200,000 versus a total put value of 320,267,500,000 Combined total value = 320,579,700,000

Strike 13125 has a total call value of 390,250,000 versus a total put value of 307,948,550,000 Combined total value = 308,338,800,000

Strike 13150 has a total call value of 468,300,000 versus a total put value of 295,646,750,000 Combined total value = 296,115,050,000

Strike 13175 has a total call value of 546,350,000 versus a total put value of 283,344,950,000 Combined total value = 283,891,300,000

Strike 13200 has a total call value of 624,400,000 versus a total put value of 271,043,150,000 Combined total value = 271,667,550,000

Strike 13225 has a total call value of 702,450,000 versus a total put value of 259,592,550,000 Combined total value = 260,295,000,000

Strike 13250 has a total call value of 780,500,000 versus a total put value of 248,160,500,000 Combined total value = 248,941,000,000

Strike 13275 has a total call value of 858,550,000 versus a total put value of 236,728,450,000 Combined total value = 237,587,000,000

Strike 13300 has a total call value of 936,600,000 versus a total put value of 225,316,350,000 Combined total value = 226,252,950,000

Strike 13325 has a total call value of 1,014,650,000 versus a total put value of 214,837,700,000 Combined total value = 215,852,350,000

Strike 13350 has a total call value of 1,092,700,000 versus a total put value of 204,359,050,000 Combined total value = 205,451,750,000

Strike 13375 has a total call value of 1,170,750,000 versus a total put value of 193,900,350,000 Combined total value = 195,071,100,000

Strike 13400 has a total call value of 1,248,800,000 versus a total put value of 183,484,350,000 Combined total value = 184,733,150,000

Strike 13425 has a total call value of 1,326,850,000 versus a total put value of 173,611,550,000 Combined total value = 174,938,400,000

Strike 13450 has a total call value of 1,404,900,000 versus a total put value of 163,738,750,000 Combined total value = 165,143,650,000

Strike 13475 has a total call value of 1,482,950,000 versus a total put value of 153,865,950,000 Combined total value = 155,348,900,000

Strike 13500 has a total call value of 1,561,000,000 versus a total put value of 144,006,100,000 Combined total value = 145,567,100,000

Strike 13525 has a total call value of 1,850,800,000 versus a total put value of 135,658,600,000 Combined total value = 137,509,400,000

Strike 13550 has a total call value of 2,140,600,000 versus a total put value of 127,329,650,000 Combined total value = 129,470,250,000

Strike 13575 has a total call value of 2,430,400,000 versus a total put value of 119,018,550,000 Combined total value = 121,448,950,000

Strike 13600 has a total call value of 2,720,200,000 versus a total put value of 110,727,750,000 Combined total value = 113,447,950,000

Strike 13625 has a total call value of 3,024,000,000 versus a total put value of 103,288,150,000 Combined total value = 106,312,150,000

Strike 13650 has a total call value of 3,327,800,000 versus a total put value of 95,887,750,000 Combined total value = 99,215,550,000

Strike 13675 has a total call value of 3,631,600,000 versus a total put value of 88,527,600,000 Combined total value = 92,159,200,000

Strike 13700 has a total call value of 3,936,800,000 versus a total put value of 81,177,250,000 Combined total value = 85,114,050,000

Strike 13725 has a total call value of 4,278,400,000 versus a total put value of 74,511,500,000 Combined total value = 78,789,900,000

Strike 13750 has a total call value of 4,628,050,000 versus a total put value of 67,868,850,000 Combined total value = 72,496,900,000

Strike 13775 has a total call value of 4,988,200,000 versus a total put value of 61,280,800,000 Combined total value = 66,269,000,000

Strike 13800 has a total call value of 5,357,100,000 versus a total put value of 54,727,400,000 Combined total value = 60,084,500,000

Strike 13825 has a total call value of 5,989,200,000 versus a total put value of 49,029,050,000 Combined total value = 55,018,250,000

Strike 13850 has a total call value of 6,642,650,000 versus a total put value of 43,386,350,000 Combined total value = 50,029,000,000

Strike 13875 has a total call value of 7,351,400,000 versus a total put value of 37,844,800,000 Combined total value = 45,196,200,000

Strike 13900 has a total call value of 8,110,200,000 versus a total put value of 32,363,800,000 Combined total value = 40,474,000,000

Strike 13925 has a total call value of 9,388,750,000 versus a total put value of 27,669,600,000 Combined total value = 37,058,350,000

Strike 13950 has a total call value of 10,767,750,000 versus a total put value of 23,075,850,000 Combined total value = 33,843,600,000

Strike 13975 has a total call value of 12,320,700,000 versus a total put value of 18,726,050,000 Combined total value = 31,046,750,000

Strike 14000 has a total call value of 13,939,450,000 versus a total put value of 14,428,750,000 Combined total value = 28,368,200,000

Strike 14025 has a total call value of 17,949,050,000 versus a total put value of 12,665,800,000 Combined total value = 30,614,850,000

Strike 14050 has a total call value of 22,048,250,000 versus a total put value of 10,963,050,000 Combined total value = 33,011,300,000

Strike 14075 has a total call value of 26,399,450,000 versus a total put value of 9,350,600,000 Combined total value = 35,750,050,000

Strike 14100 has a total call value of 30,842,000,000 versus a total put value of 7,790,650,000 Combined total value = 38,632,650,000

Strike 14125 has a total call value of 37,225,650,000 versus a total put value of 7,109,200,000 Combined total value = 44,334,850,000

Strike 14150 has a total call value of 43,687,350,000 versus a total put value of 6,464,500,000 Combined total value = 50,151,850,000

Strike 14175 has a total call value of 50,308,300,000 versus a total put value of 5,900,650,000 Combined total value = 56,208,950,000

Strike 14200 has a total call value of 56,965,300,000 versus a total put value of 5,336,800,000 Combined total value = 62,302,100,000

Strike 14225 has a total call value of 64,391,950,000 versus a total put value of 4,943,750,000 Combined total value = 69,335,700,000

Strike 14250 has a total call value of 71,854,300,000 versus a total put value of 4,550,700,000 Combined total value = 76,405,000,000

Strike 14275 has a total call value of 79,433,900,000 versus a total put value of 4,177,600,000 Combined total value = 83,611,500,000

Strike 14300 has a total call value of 87,056,200,000 versus a total put value of 3,817,800,000 Combined total value = 90,874,000,000

Strike 14325 has a total call value of 95,825,450,000 versus a total put value of 3,617,250,000 Combined total value = 99,442,700,000

Strike 14350 has a total call value of 104,633,900,000 versus a total put value of 3,416,700,000 Combined total value = 108,050,600,000

Strike 14375 has a total call value of 113,926,750,000 versus a total put value of 3,216,150,000 Combined total value = 117,142,900,000

Strike 14400 has a total call value of 123,219,600,000 versus a total put value of 3,015,600,000 Combined total value = 126,235,200,000

Strike 14425 has a total call value of 133,424,200,000 versus a total put value of 2,835,700,000 Combined total value = 136,259,900,000

Strike 14450 has a total call value of 143,671,850,000 versus a total put value of 2,655,800,000 Combined total value = 146,327,650,000

Strike 14475 has a total call value of 153,996,500,000 versus a total put value of 2,475,900,000 Combined total value = 156,472,400,000

Strike 14500 has a total call value of 164,337,950,000 versus a total put value of 2,296,000,000 Combined total value = 166,633,950,000

Strike 14525 has a total call value of 176,790,250,000 versus a total put value of 2,181,200,000 Combined total value = 178,971,450,000

Strike 14550 has a total call value of 189,242,550,000 versus a total put value of 2,066,400,000 Combined total value = 191,308,950,000

Strike 14575 has a total call value of 201,694,850,000 versus a total put value of 1,951,600,000 Combined total value = 203,646,450,000

Strike 14600 has a total call value of 214,147,150,000 versus a total put value of 1,836,800,000 Combined total value = 215,983,950,000

Strike 14625 has a total call value of 227,482,150,000 versus a total put value of 1,722,000,000 Combined total value = 229,204,150,000

Strike 14650 has a total call value of 240,817,150,000 versus a total put value of 1,607,200,000 Combined total value = 242,424,350,000

Strike 14675 has a total call value of 254,263,450,000 versus a total put value of 1,492,400,000 Combined total value = 255,755,850,000

Strike 14700 has a total call value of 267,750,700,000 versus a total put value of 1,377,600,000 Combined total value = 269,128,300,000

Strike 14725 has a total call value of 282,140,250,000 versus a total put value of 1,262,800,000 Combined total value = 283,403,050,000

Strike 14750 has a total call value of 296,529,800,000 versus a total put value of 1,148,000,000 Combined total value = 297,677,800,000

Strike 14775 has a total call value of 310,919,350,000 versus a total put value of 1,033,200,000 Combined total value = 311,952,550,000

Strike 14800 has a total call value of 325,308,900,000 versus a total put value of 918,400,000 Combined total value = 326,227,300,000

Strike 14825 has a total call value of 341,054,000,000 versus a total put value of 803,600,000 Combined total value = 341,857,600,000

Strike 14850 has a total call value of 356,799,100,000 versus a total put value of 688,800,000 Combined total value = 357,487,900,000

Strike 14875 has a total call value of 372,544,200,000 versus a total put value of 574,000,000 Combined total value = 373,118,200,000

Strike 14900 has a total call value of 388,289,300,000 versus a total put value of 459,200,000 Combined total value = 388,748,500,000

Strike 14925 has a total call value of 404,298,650,000 versus a total put value of 344,400,000 Combined total value = 404,643,050,000

Strike 14950 has a total call value of 420,308,000,000 versus a total put value of 229,600,000 Combined total value = 420,537,600,000

Strike 14975 has a total call value of 436,317,350,000 versus a total put value of 114,800,000 Combined total value = 436,432,150,000

Strike 15000 has a total call value of 452,326,700,000 versus a total put value of 0 Combined total value = 452,326,700,000

Strike 15025 has a total call value of 470,264,550,000 versus a total put value of 0 Combined total value = 470,264,550,000

Strike 15050 has a total call value of 488,202,400,000 versus a total put value of 0 Combined total value = 488,202,400,000

Strike 15075 has a total call value of 506,140,250,000 versus a total put value of 0 Combined total value = 506,140,250,000

Strike 15100 has a total call value of 524,078,100,000 versus a total put value of 0 Combined total value = 524,078,100,000

Strike 15125 has a total call value of 542,089,100,000 versus a total put value of 0 Combined total value = 542,089,100,000

Strike 15150 has a total call value of 560,100,100,000 versus a total put value of 0 Combined total value = 560,100,100,000

Strike 15175 has a total call value of 578,111,100,000 versus a total put value of 0 Combined total value = 578,111,100,000

Strike 15200 has a total call value of 596,122,100,000 versus a total put value of 0 Combined total value = 596,122,100,000

Strike 15225 has a total call value of 614,138,000,000 versus a total put value of 0 Combined total value = 614,138,000,000

Strike 15250 has a total call value of 632,153,900,000 versus a total put value of 0 Combined total value = 632,153,900,000

Strike 15275 has a total call value of 650,169,800,000 versus a total put value of 0 Combined total value = 650,169,800,000

Strike 15300 has a total call value of 668,185,700,000 versus a total put value of 0 Combined total value = 668,185,700,000

Strike 15325 has a total call value of 686,355,950,000 versus a total put value of 0 Combined total value = 686,355,950,000

Strike 15350 has a total call value of 704,526,200,000 versus a total put value of 0 Combined total value = 704,526,200,000

Strike 15375 has a total call value of 722,696,450,000 versus a total put value of 0 Combined total value = 722,696,450,000

Strike 15400 has a total call value of 740,866,700,000 versus a total put value of 0 Combined total value = 740,866,700,000

Strike 15425 has a total call value of 759,042,900,000 versus a total put value of 0 Combined total value = 759,042,900,000

Strike 15450 has a total call value of 777,219,100,000 versus a total put value of 0 Combined total value = 777,219,100,000

Strike 15475 has a total call value of 795,395,300,000 versus a total put value of 0 Combined total value = 795,395,300,000

Strike 15500 has a total call value of 813,571,500,000 versus a total put value of 0 Combined total value = 813,571,500,000

Strike 15525 has a total call value of 831,952,800,000 versus a total put value of 0 Combined total value = 831,952,800,000

Strike 15550 has a total call value of 850,334,100,000 versus a total put value of 0 Combined total value = 850,334,100,000

Strike 15575 has a total call value of 868,715,400,000 versus a total put value of 0 Combined total value = 868,715,400,000

Strike 15600 has a total call value of 887,096,700,000 versus a total put value of 0 Combined total value = 887,096,700,000

Max-Pain Table for Stocks

Max-Pain Table Expiry

Note:- click on symbol to see more detailed view

Max Pain Table (Stocks)
Symbol	Symbol Ltp	Max Pain
360ONE	1148	1140
ABB	5156	5150
ABCAPITAL	359.1	350
ADANIENSOL	973.55	980
ADANIENT	2261	2300
ADANIGREEN	1017	1020
ADANIPORTS	1512.5	1500
ALKEM	5680	5700
AMBER	6539.5	6600
AMBUJACEM	534.1	550
ANGELONE	2639.3	2650
APLAPOLLO	1771.5	1760
APOLLOHOSP	7196.5	7350
ASHOKLEY	160.4	157
ASIANPAINT	2965	2920
ASTRAL	1457.4	1460
AUBANK	957.5	940
AUROPHARMA	1216.9	1220
AXISBANK	1281.9	1280
BAJAJ-AUTO	9090	9100
BAJAJFINSV	2103	2080
BAJFINANCE	1054.7	1030
BANDHANBNK	140.93	150
BANKBARODA	292.45	290
BANKINDIA	142.5	145
BDL	1519	1520
BEL	408.1	410
BHARATFORG	1402.3	1400
BHARTIARTL	2100.8	2100
BHEL	278.1	285
BIOCON	391.6	395
BLUESTARCO	1728.2	1760
BOSCHLTD	36855	36500
BPCL	361.15	362.5
BRITANNIA	5935	5850
BSE	2816.7	2800
CAMS	773.4	780
CANBK	148.59	150
CDSL	1547.5	1580
CGPOWER	660.65	680
CHOLAFIN	1721.3	1700
CIPLA	1525.9	1530
COALINDIA	379.25	380
COFORGE	1983.3	1860
COLPAL	2159.7	2180
CONCOR	512.2	520
CROMPTON	260.2	270
CUMMINSIND	4460	4500
CYIENT	1173	1160
DABUR	508.9	515
DALBHARAT	1990	2000
DELHIVERY	407.2	420
DIVISLAB	6465.5	6450
DIXON	13865	14500
DLF	718.7	730
DMART	3947.4	4000
DRREDDY	1275.3	1270
EICHERMOT	7170	7100
ETERNAL	293.9	305
EXIDEIND	378.4	380
FEDERALBNK	259.1	255
FORTIS	889.95	910
GAIL	170.15	175
GLENMARK	1975.5	1940
GMRAIRPORT	103.1	102
GODREJCP	1132.7	1140
GODREJPROP	2080.8	2100
GRASIM	2741.7	2760
HAL	4463	4500
HAVELLS	1428	1440
HCLTECH	1683.7	1640
HDFCAMC	2578.3	2650
HDFCBANK	1002.5	1000
HDFCLIFE	770.05	770
HEROMOTOCO	6338.5	6200
HFCL	68.96	70
HINDALCO	826.65	800
HINDPETRO	451.4	455
HINDUNILVR	2329.3	2360
HINDZINC	499.45	490
HUDCO	222.72	230
ICICIBANK	1389.5	1380
ICICIGI	1979	2000
ICICIPRULI	623.6	620
IDEA	10.8	10
IDFCFIRSTB	80.95	80
IEX	145.64	145
IIFL	569.15	570
INDHOTEL	730.85	740
INDIANB	809.35	830
INDIGO	5402.5	5500
INDUSINDBK	870.15	860
INDUSTOWER	414.75	410
INFY	1615.5	1600
INOXWIND	129.44	137.5
IOC	163.24	164
IRCTC	675.3	690
IREDA	133.33	140
IRFC	114.15	117
ITC	404.85	405
JINDALSTEL	1008.4	1030
JIOFIN	302.85	305
JSWENERGY	454.35	480
JSWSTEEL	1158.4	1150
JUBLFOOD	593.8	600
KALYANKJIL	490.25	490
KAYNES	4588.5	5000
KEI	4155	4150
KFINTECH	1070.3	1080
KOTAKBANK	2159.4	2120
KPITTECH	1268.5	1240
LAURUSLABS	1026	1000
LICHSGFIN	542.05	555
LICI	868.6	900
LODHA	1106.6	1140
LT	4041.1	4020
LTF	307.2	302.5
LTIM	6292.5	6200
LUPIN	2100.6	2080
M&M	3714	3700
MANAPPURAM	277.85	280
MANKIND	2205	2250
MARICO	733.45	730
MARUTI	16210	16100
MAXHEALTH	1097	1120
MAZDOCK	2620.7	2700
MCX	10315	10100
MFSL	1689.2	1700
MOTHERSON	117.35	115
MPHASIS	2946	2900
MUTHOOTFIN	3787.3	3700
NATIONALUM	274.05	265
NAUKRI	1388.7	1380
NBCC	111.79	115
NCC	168.36	172.5
NESTLEIND	1243.7	1260
NHPC	76.95	78
NMDC	76.25	76
NTPC	323.45	325
NUVAMA	7152	7200
NYKAA	254.25	260
OBEROIRLTY	1659.5	1660
OFSS	8206	8200
OIL	410.45	415
ONGC	242	244
PAGEIND	37495	38000
PATANJALI	542.95	550
PAYTM	1349.6	1320
PERSISTENT	6508.5	6400
PETRONET	275	280
PFC	352.55	365
PGEL	562.8	580
PHOENIXLTD	1732.6	1740
PIDILITIND	1472.4	1480
PIIND	3412.1	3450
PNB	121.2	122
PNBHOUSING	902.85	900
POLICYBZR	1879.1	1860
POLYCAB	7229.5	7400
POWERGRID	270.05	275
POWERINDIA	19315	20500
PPLPHARMA	179.77	185
PRESTIGE	1689	1680
RBLBANK	305.6	310
RECLTD	352.65	360
RELIANCE	1537.6	1540
RVNL	311.05	315
SAIL	133	135
SAMMAANCAP	148.63	170
SBICARD	882.8	880
SBILIFE	2027.1	2020
SBIN	964.9	970
SHREECEM	26255	26500
SHRIRAMFIN	854.85	840
SIEMENS	3308.4	3300
SOLARINDS	12834	13500
SONACOMS	493.25	500
SRF	2877.5	2900
SUNPHARMA	1806.9	1800
SUPREMEIND	3362	3450
SUZLON	51.24	54
SYNGENE	637.15	640
TATACONSUM	1161.8	1170
TATAELXSI	5243.5	5300
TATAMOTORS	0	320
TATAPOWER	384.55	390
TATASTEEL	167.39	170
TATATECH	667.5	680
TCS	3238.8	3200
TECHM	1577.1	1520
TIINDIA	2667.1	2800
TITAGARH	795.1	820
TITAN	3819.5	3860
TMPV	354.55	360
TORNTPHARM	3798.4	3750
TORNTPOWER	1286	1300
TRENT	4184.3	4300
TVSMOTOR	3654.5	3600
ULTRACEMCO	11600	11700
UNIONBANK	152.62	155
UNITDSPR	1453.4	1440
UNOMINDA	1275	1300
UPL	756.85	760
VBL	479.05	470
VEDL	529.3	520
VOLTAS	1324.5	1360
WIPRO	259.55	255
YESBANK	22.57	23
ZYDUSLIFE	933.8	940

Note:

Stock LTP > Max Pain	Bearish Trend
Stock LTP < Max Pain	Bullish Trend

Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

For each strike price: Calculate the difference between the current stock price and the strike price.
Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
Sum the values: Add together the dollar value for put options and call options at each strike price.
Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.

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