NIFTYNXT50
Nifty Next 50
Max pain for NIFTYNXT50
05 Jul 2024 04:10 PM IST
Max Pain for NIFTYNXT50 is 72000
Strike 67000 has a total call value of 0 versus a total put value of 1,387,100,000 Combined total value = 1,387,100,000
Strike 67100 has a total call value of 0 versus a total put value of 1,352,200,000 Combined total value = 1,352,200,000
Strike 67200 has a total call value of 0 versus a total put value of 1,317,300,000 Combined total value = 1,317,300,000
Strike 67300 has a total call value of 0 versus a total put value of 1,282,400,000 Combined total value = 1,282,400,000
Strike 67400 has a total call value of 0 versus a total put value of 1,247,500,000 Combined total value = 1,247,500,000
Strike 67500 has a total call value of 0 versus a total put value of 1,212,600,000 Combined total value = 1,212,600,000
Strike 67600 has a total call value of 0 versus a total put value of 1,177,700,000 Combined total value = 1,177,700,000
Strike 67700 has a total call value of 0 versus a total put value of 1,142,800,000 Combined total value = 1,142,800,000
Strike 67800 has a total call value of 0 versus a total put value of 1,107,900,000 Combined total value = 1,107,900,000
Strike 67900 has a total call value of 0 versus a total put value of 1,073,000,000 Combined total value = 1,073,000,000
Strike 68000 has a total call value of 0 versus a total put value of 1,038,100,000 Combined total value = 1,038,100,000
Strike 68100 has a total call value of 0 versus a total put value of 1,003,200,000 Combined total value = 1,003,200,000
Strike 68200 has a total call value of 0 versus a total put value of 968,300,000 Combined total value = 968,300,000
Strike 68300 has a total call value of 0 versus a total put value of 933,600,000 Combined total value = 933,600,000
Strike 68400 has a total call value of 0 versus a total put value of 898,900,000 Combined total value = 898,900,000
Strike 68500 has a total call value of 0 versus a total put value of 864,800,000 Combined total value = 864,800,000
Strike 68600 has a total call value of 0 versus a total put value of 830,700,000 Combined total value = 830,700,000
Strike 68700 has a total call value of 0 versus a total put value of 796,600,000 Combined total value = 796,600,000
Strike 68800 has a total call value of 0 versus a total put value of 762,500,000 Combined total value = 762,500,000
Strike 68900 has a total call value of 0 versus a total put value of 728,400,000 Combined total value = 728,400,000
Strike 69000 has a total call value of 0 versus a total put value of 694,300,000 Combined total value = 694,300,000
Strike 69100 has a total call value of 0 versus a total put value of 660,200,000 Combined total value = 660,200,000
Strike 69200 has a total call value of 0 versus a total put value of 626,100,000 Combined total value = 626,100,000
Strike 69300 has a total call value of 0 versus a total put value of 592,000,000 Combined total value = 592,000,000
Strike 69400 has a total call value of 0 versus a total put value of 558,000,000 Combined total value = 558,000,000
Strike 69500 has a total call value of 0 versus a total put value of 524,600,000 Combined total value = 524,600,000
Strike 69600 has a total call value of 0 versus a total put value of 491,200,000 Combined total value = 491,200,000
Strike 69700 has a total call value of 0 versus a total put value of 457,800,000 Combined total value = 457,800,000
Strike 69800 has a total call value of 0 versus a total put value of 424,400,000 Combined total value = 424,400,000
Strike 69900 has a total call value of 0 versus a total put value of 391,000,000 Combined total value = 391,000,000
Strike 70000 has a total call value of 0 versus a total put value of 357,600,000 Combined total value = 357,600,000
Strike 70100 has a total call value of 2,000,000 versus a total put value of 340,800,000 Combined total value = 342,800,000
Strike 70200 has a total call value of 4,000,000 versus a total put value of 324,000,000 Combined total value = 328,000,000
Strike 70300 has a total call value of 6,000,000 versus a total put value of 307,200,000 Combined total value = 313,200,000
Strike 70400 has a total call value of 8,000,000 versus a total put value of 290,400,000 Combined total value = 298,400,000
Strike 70500 has a total call value of 10,000,000 versus a total put value of 273,600,000 Combined total value = 283,600,000
Strike 70600 has a total call value of 12,000,000 versus a total put value of 256,800,000 Combined total value = 268,800,000
Strike 70700 has a total call value of 14,000,000 versus a total put value of 240,000,000 Combined total value = 254,000,000
Strike 70800 has a total call value of 16,000,000 versus a total put value of 223,200,000 Combined total value = 239,200,000
Strike 70900 has a total call value of 18,000,000 versus a total put value of 206,400,000 Combined total value = 224,400,000
Strike 71000 has a total call value of 20,000,000 versus a total put value of 189,600,000 Combined total value = 209,600,000
Strike 71100 has a total call value of 22,700,000 versus a total put value of 177,100,000 Combined total value = 199,800,000
Strike 71200 has a total call value of 25,400,000 versus a total put value of 164,600,000 Combined total value = 190,000,000
Strike 71300 has a total call value of 28,100,000 versus a total put value of 152,100,000 Combined total value = 180,200,000
Strike 71400 has a total call value of 30,800,000 versus a total put value of 139,600,000 Combined total value = 170,400,000
Strike 71500 has a total call value of 33,500,000 versus a total put value of 127,100,000 Combined total value = 160,600,000
Strike 71600 has a total call value of 40,100,000 versus a total put value of 114,600,000 Combined total value = 154,700,000
Strike 71700 has a total call value of 46,700,000 versus a total put value of 102,100,000 Combined total value = 148,800,000
Strike 71800 has a total call value of 53,600,000 versus a total put value of 89,600,000 Combined total value = 143,200,000
Strike 71900 has a total call value of 60,500,000 versus a total put value of 77,100,000 Combined total value = 137,600,000
Strike 72000 has a total call value of 67,400,000 versus a total put value of 64,600,000 Combined total value = 132,000,000
Strike 72100 has a total call value of 78,700,000 versus a total put value of 57,700,000 Combined total value = 136,400,000
Strike 72200 has a total call value of 90,000,000 versus a total put value of 50,800,000 Combined total value = 140,800,000
Strike 72300 has a total call value of 102,000,000 versus a total put value of 43,900,000 Combined total value = 145,900,000
Strike 72400 has a total call value of 114,000,000 versus a total put value of 37,000,000 Combined total value = 151,000,000
Strike 72500 has a total call value of 126,000,000 versus a total put value of 30,100,000 Combined total value = 156,100,000
Strike 72600 has a total call value of 142,400,000 versus a total put value of 25,100,000 Combined total value = 167,500,000
Strike 72700 has a total call value of 158,800,000 versus a total put value of 20,100,000 Combined total value = 178,900,000
Strike 72800 has a total call value of 175,200,000 versus a total put value of 15,100,000 Combined total value = 190,300,000
Strike 72900 has a total call value of 194,100,000 versus a total put value of 10,300,000 Combined total value = 204,400,000
Strike 73000 has a total call value of 214,300,000 versus a total put value of 5,500,000 Combined total value = 219,800,000
Strike 73100 has a total call value of 242,300,000 versus a total put value of 4,200,000 Combined total value = 246,500,000
Strike 73200 has a total call value of 270,700,000 versus a total put value of 2,900,000 Combined total value = 273,600,000
Strike 73300 has a total call value of 299,500,000 versus a total put value of 1,800,000 Combined total value = 301,300,000
Strike 73400 has a total call value of 330,900,000 versus a total put value of 800,000 Combined total value = 331,700,000
Strike 73500 has a total call value of 363,400,000 versus a total put value of 0 Combined total value = 363,400,000
Strike 73600 has a total call value of 399,700,000 versus a total put value of 0 Combined total value = 399,700,000
Strike 73700 has a total call value of 436,500,000 versus a total put value of 0 Combined total value = 436,500,000
Strike 73800 has a total call value of 473,300,000 versus a total put value of 0 Combined total value = 473,300,000
Strike 73900 has a total call value of 510,100,000 versus a total put value of 0 Combined total value = 510,100,000
Strike 74000 has a total call value of 546,900,000 versus a total put value of 0 Combined total value = 546,900,000
Strike 74100 has a total call value of 587,300,000 versus a total put value of 0 Combined total value = 587,300,000
Strike 74200 has a total call value of 627,700,000 versus a total put value of 0 Combined total value = 627,700,000
Strike 74300 has a total call value of 668,100,000 versus a total put value of 0 Combined total value = 668,100,000
Strike 74400 has a total call value of 708,500,000 versus a total put value of 0 Combined total value = 708,500,000
Strike 74500 has a total call value of 748,900,000 versus a total put value of 0 Combined total value = 748,900,000
Strike 74600 has a total call value of 789,300,000 versus a total put value of 0 Combined total value = 789,300,000
Strike 74700 has a total call value of 829,700,000 versus a total put value of 0 Combined total value = 829,700,000
Strike 74800 has a total call value of 870,100,000 versus a total put value of 0 Combined total value = 870,100,000
Strike 74900 has a total call value of 910,500,000 versus a total put value of 0 Combined total value = 910,500,000
Strike 75000 has a total call value of 950,900,000 versus a total put value of 0 Combined total value = 950,900,000
Strike 75100 has a total call value of 1,003,700,000 versus a total put value of 0 Combined total value = 1,003,700,000
Strike 75200 has a total call value of 1,056,500,000 versus a total put value of 0 Combined total value = 1,056,500,000
Strike 75300 has a total call value of 1,109,300,000 versus a total put value of 0 Combined total value = 1,109,300,000
Strike 75400 has a total call value of 1,162,100,000 versus a total put value of 0 Combined total value = 1,162,100,000
Strike 75500 has a total call value of 1,214,900,000 versus a total put value of 0 Combined total value = 1,214,900,000
Strike 75600 has a total call value of 1,267,700,000 versus a total put value of 0 Combined total value = 1,267,700,000
Strike 75700 has a total call value of 1,320,500,000 versus a total put value of 0 Combined total value = 1,320,500,000
Strike 75800 has a total call value of 1,373,300,000 versus a total put value of 0 Combined total value = 1,373,300,000
Strike 75900 has a total call value of 1,426,100,000 versus a total put value of 0 Combined total value = 1,426,100,000
Strike 76000 has a total call value of 1,478,900,000 versus a total put value of 0 Combined total value = 1,478,900,000
Strike 76100 has a total call value of 1,531,700,000 versus a total put value of 0 Combined total value = 1,531,700,000
Strike 76200 has a total call value of 1,584,500,000 versus a total put value of 0 Combined total value = 1,584,500,000
Strike 76300 has a total call value of 1,637,300,000 versus a total put value of 0 Combined total value = 1,637,300,000
Strike 76400 has a total call value of 1,690,200,000 versus a total put value of 0 Combined total value = 1,690,200,000
Strike 76500 has a total call value of 1,743,100,000 versus a total put value of 0 Combined total value = 1,743,100,000
Strike 76600 has a total call value of 1,796,000,000 versus a total put value of 0 Combined total value = 1,796,000,000
Strike 76700 has a total call value of 1,848,900,000 versus a total put value of 0 Combined total value = 1,848,900,000
Strike 76800 has a total call value of 1,901,800,000 versus a total put value of 0 Combined total value = 1,901,800,000
Strike 76900 has a total call value of 1,954,800,000 versus a total put value of 0 Combined total value = 1,954,800,000
Strike 77000 has a total call value of 2,007,800,000 versus a total put value of 0 Combined total value = 2,007,800,000
Strike 77100 has a total call value of 2,062,500,000 versus a total put value of 0 Combined total value = 2,062,500,000
Strike 77200 has a total call value of 2,117,200,000 versus a total put value of 0 Combined total value = 2,117,200,000
Strike 77300 has a total call value of 2,171,900,000 versus a total put value of 0 Combined total value = 2,171,900,000
Strike 77400 has a total call value of 2,226,600,000 versus a total put value of 0 Combined total value = 2,226,600,000
Strike 77500 has a total call value of 2,281,300,000 versus a total put value of 0 Combined total value = 2,281,300,000
Strike 77600 has a total call value of 2,338,400,000 versus a total put value of 0 Combined total value = 2,338,400,000
Strike 77700 has a total call value of 2,395,500,000 versus a total put value of 0 Combined total value = 2,395,500,000
Strike 77800 has a total call value of 2,452,600,000 versus a total put value of 0 Combined total value = 2,452,600,000
Strike 77900 has a total call value of 2,509,700,000 versus a total put value of 0 Combined total value = 2,509,700,000
Strike 78000 has a total call value of 2,566,800,000 versus a total put value of 0 Combined total value = 2,566,800,000
Strike 78100 has a total call value of 2,624,100,000 versus a total put value of 0 Combined total value = 2,624,100,000
Strike 78200 has a total call value of 2,681,400,000 versus a total put value of 0 Combined total value = 2,681,400,000
Strike 78300 has a total call value of 2,738,700,000 versus a total put value of 0 Combined total value = 2,738,700,000
Strike 78400 has a total call value of 2,796,000,000 versus a total put value of 0 Combined total value = 2,796,000,000
Strike 78500 has a total call value of 2,853,300,000 versus a total put value of 0 Combined total value = 2,853,300,000
Strike 78600 has a total call value of 2,910,600,000 versus a total put value of 0 Combined total value = 2,910,600,000
Strike 78700 has a total call value of 2,967,900,000 versus a total put value of 0 Combined total value = 2,967,900,000
Strike 78800 has a total call value of 3,025,200,000 versus a total put value of 0 Combined total value = 3,025,200,000
Strike 78900 has a total call value of 3,082,500,000 versus a total put value of 0 Combined total value = 3,082,500,000
Strike 79000 has a total call value of 3,139,800,000 versus a total put value of 0 Combined total value = 3,139,800,000
Strike 79100 has a total call value of 3,217,100,000 versus a total put value of 0 Combined total value = 3,217,100,000
Strike 79200 has a total call value of 3,294,400,000 versus a total put value of 0 Combined total value = 3,294,400,000
Strike 79300 has a total call value of 3,371,700,000 versus a total put value of 0 Combined total value = 3,371,700,000
Strike 79400 has a total call value of 3,449,000,000 versus a total put value of 0 Combined total value = 3,449,000,000
Strike 79500 has a total call value of 3,526,300,000 versus a total put value of 0 Combined total value = 3,526,300,000
Strike 79600 has a total call value of 3,604,900,000 versus a total put value of 0 Combined total value = 3,604,900,000
Strike 79700 has a total call value of 3,683,500,000 versus a total put value of 0 Combined total value = 3,683,500,000
Strike 79800 has a total call value of 3,762,100,000 versus a total put value of 0 Combined total value = 3,762,100,000
Strike 79900 has a total call value of 3,840,700,000 versus a total put value of 0 Combined total value = 3,840,700,000
Strike 80000 has a total call value of 3,919,300,000 versus a total put value of 0 Combined total value = 3,919,300,000
Strike 80100 has a total call value of 4,029,600,000 versus a total put value of 0 Combined total value = 4,029,600,000
Strike 80200 has a total call value of 4,139,900,000 versus a total put value of 0 Combined total value = 4,139,900,000
Strike 80300 has a total call value of 4,250,200,000 versus a total put value of 0 Combined total value = 4,250,200,000
Strike 80400 has a total call value of 4,360,500,000 versus a total put value of 0 Combined total value = 4,360,500,000
Strike 80500 has a total call value of 4,470,800,000 versus a total put value of 0 Combined total value = 4,470,800,000
Strike 80600 has a total call value of 4,586,100,000 versus a total put value of 0 Combined total value = 4,586,100,000
Strike 80700 has a total call value of 4,701,400,000 versus a total put value of 0 Combined total value = 4,701,400,000
Strike 80800 has a total call value of 4,816,700,000 versus a total put value of 0 Combined total value = 4,816,700,000
Strike 80900 has a total call value of 4,932,000,000 versus a total put value of 0 Combined total value = 4,932,000,000
Strike 81000 has a total call value of 5,047,300,000 versus a total put value of 0 Combined total value = 5,047,300,000
Strike 81100 has a total call value of 5,173,300,000 versus a total put value of 0 Combined total value = 5,173,300,000
Strike 81200 has a total call value of 5,299,300,000 versus a total put value of 0 Combined total value = 5,299,300,000
Strike 81300 has a total call value of 5,425,300,000 versus a total put value of 0 Combined total value = 5,425,300,000
Strike 81400 has a total call value of 5,551,300,000 versus a total put value of 0 Combined total value = 5,551,300,000
Strike 81500 has a total call value of 5,677,300,000 versus a total put value of 0 Combined total value = 5,677,300,000
Strike 81600 has a total call value of 5,806,000,000 versus a total put value of 0 Combined total value = 5,806,000,000
Strike 81700 has a total call value of 5,934,700,000 versus a total put value of 0 Combined total value = 5,934,700,000
Strike 81800 has a total call value of 6,063,400,000 versus a total put value of 0 Combined total value = 6,063,400,000
Strike 81900 has a total call value of 6,192,100,000 versus a total put value of 0 Combined total value = 6,192,100,000
Strike 82000 has a total call value of 6,320,800,000 versus a total put value of 0 Combined total value = 6,320,800,000
Strike 82100 has a total call value of 6,462,100,000 versus a total put value of 0 Combined total value = 6,462,100,000
Strike 82200 has a total call value of 6,603,400,000 versus a total put value of 0 Combined total value = 6,603,400,000
Strike 82300 has a total call value of 6,744,700,000 versus a total put value of 0 Combined total value = 6,744,700,000
Strike 82400 has a total call value of 6,886,000,000 versus a total put value of 0 Combined total value = 6,886,000,000
Strike 82500 has a total call value of 7,027,300,000 versus a total put value of 0 Combined total value = 7,027,300,000
Strike 82600 has a total call value of 7,202,600,000 versus a total put value of 0 Combined total value = 7,202,600,000
Strike 82700 has a total call value of 7,377,900,000 versus a total put value of 0 Combined total value = 7,377,900,000
Strike 82800 has a total call value of 7,553,200,000 versus a total put value of 0 Combined total value = 7,553,200,000
Strike 82900 has a total call value of 7,728,500,000 versus a total put value of 0 Combined total value = 7,728,500,000
Strike 83000 has a total call value of 7,903,800,000 versus a total put value of 0 Combined total value = 7,903,800,000
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.