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SENSEX
Sensex

81183.93 -1017.23 (-1.24%)

Max pain for SENSEX

06 Sep 2024 04:11 PM IST

Max Pain for SENSEX is 81500  



Strike  74600  has a total call value of 0  versus a total put value of  235,037,600,000 Combined total value = 235,037,600,000

Strike  74700  has a total call value of 0  versus a total put value of  231,207,400,000 Combined total value = 231,207,400,000

Strike  74800  has a total call value of 0  versus a total put value of  227,377,300,000 Combined total value = 227,377,300,000

Strike  74900  has a total call value of 0  versus a total put value of  223,547,300,000 Combined total value = 223,547,300,000

Strike  75000  has a total call value of 0  versus a total put value of  219,717,400,000 Combined total value = 219,717,400,000

Strike  75100  has a total call value of 0  versus a total put value of  215,888,000,000 Combined total value = 215,888,000,000

Strike  75200  has a total call value of 0  versus a total put value of  212,059,200,000 Combined total value = 212,059,200,000

Strike  75300  has a total call value of 0  versus a total put value of  208,230,400,000 Combined total value = 208,230,400,000

Strike  75400  has a total call value of 0  versus a total put value of  204,401,600,000 Combined total value = 204,401,600,000

Strike  75500  has a total call value of 0  versus a total put value of  200,572,800,000 Combined total value = 200,572,800,000

Strike  75600  has a total call value of 0  versus a total put value of  196,744,000,000 Combined total value = 196,744,000,000

Strike  75700  has a total call value of 0  versus a total put value of  192,915,200,000 Combined total value = 192,915,200,000

Strike  75800  has a total call value of 0  versus a total put value of  189,086,400,000 Combined total value = 189,086,400,000

Strike  75900  has a total call value of 0  versus a total put value of  185,257,600,000 Combined total value = 185,257,600,000

Strike  76000  has a total call value of 0  versus a total put value of  181,428,800,000 Combined total value = 181,428,800,000

Strike  76100  has a total call value of 0  versus a total put value of  177,600,000,000 Combined total value = 177,600,000,000

Strike  76200  has a total call value of 0  versus a total put value of  173,771,200,000 Combined total value = 173,771,200,000

Strike  76300  has a total call value of 0  versus a total put value of  169,942,400,000 Combined total value = 169,942,400,000

Strike  76400  has a total call value of 0  versus a total put value of  166,113,600,000 Combined total value = 166,113,600,000

Strike  76500  has a total call value of 0  versus a total put value of  162,284,800,000 Combined total value = 162,284,800,000

Strike  76600  has a total call value of 0  versus a total put value of  158,456,000,000 Combined total value = 158,456,000,000

Strike  76700  has a total call value of 0  versus a total put value of  154,627,200,000 Combined total value = 154,627,200,000

Strike  76800  has a total call value of 0  versus a total put value of  150,798,400,000 Combined total value = 150,798,400,000

Strike  76900  has a total call value of 0  versus a total put value of  146,969,600,000 Combined total value = 146,969,600,000

Strike  77000  has a total call value of 0  versus a total put value of  143,140,800,000 Combined total value = 143,140,800,000

Strike  77100  has a total call value of 0  versus a total put value of  139,312,000,000 Combined total value = 139,312,000,000

Strike  77200  has a total call value of 0  versus a total put value of  135,483,200,000 Combined total value = 135,483,200,000

Strike  77300  has a total call value of 0  versus a total put value of  131,654,400,000 Combined total value = 131,654,400,000

Strike  77400  has a total call value of 0  versus a total put value of  127,825,600,000 Combined total value = 127,825,600,000

Strike  77500  has a total call value of 0  versus a total put value of  123,996,800,000 Combined total value = 123,996,800,000

Strike  77600  has a total call value of 0  versus a total put value of  120,168,000,000 Combined total value = 120,168,000,000

Strike  77700  has a total call value of 0  versus a total put value of  116,339,200,000 Combined total value = 116,339,200,000

Strike  77800  has a total call value of 0  versus a total put value of  112,510,400,000 Combined total value = 112,510,400,000

Strike  77900  has a total call value of 0  versus a total put value of  108,681,600,000 Combined total value = 108,681,600,000

Strike  78000  has a total call value of 0  versus a total put value of  104,852,800,000 Combined total value = 104,852,800,000

Strike  78100  has a total call value of 0  versus a total put value of  101,024,100,000 Combined total value = 101,024,100,000

Strike  78200  has a total call value of 0  versus a total put value of  97,195,400,000 Combined total value = 97,195,400,000

Strike  78300  has a total call value of 0  versus a total put value of  93,366,700,000 Combined total value = 93,366,700,000

Strike  78400  has a total call value of 0  versus a total put value of  89,538,000,000 Combined total value = 89,538,000,000

Strike  78500  has a total call value of 0  versus a total put value of  85,709,300,000 Combined total value = 85,709,300,000

Strike  78600  has a total call value of 0  versus a total put value of  82,013,500,000 Combined total value = 82,013,500,000

Strike  78700  has a total call value of 0  versus a total put value of  78,317,700,000 Combined total value = 78,317,700,000

Strike  78800  has a total call value of 0  versus a total put value of  74,621,900,000 Combined total value = 74,621,900,000

Strike  78900  has a total call value of 100,000  versus a total put value of  70,926,100,000 Combined total value = 70,926,200,000

Strike  79000  has a total call value of 200,000  versus a total put value of  67,230,300,000 Combined total value = 67,230,500,000

Strike  79100  has a total call value of 300,000  versus a total put value of  63,931,700,000 Combined total value = 63,932,000,000

Strike  79200  has a total call value of 400,000  versus a total put value of  60,633,100,000 Combined total value = 60,633,500,000

Strike  79300  has a total call value of 500,000  versus a total put value of  57,334,500,000 Combined total value = 57,335,000,000

Strike  79400  has a total call value of 600,000  versus a total put value of  54,035,900,000 Combined total value = 54,036,500,000

Strike  79500  has a total call value of 700,000  versus a total put value of  50,737,300,000 Combined total value = 50,738,000,000

Strike  79600  has a total call value of 800,000  versus a total put value of  47,621,800,000 Combined total value = 47,622,600,000

Strike  79700  has a total call value of 900,000  versus a total put value of  44,506,300,000 Combined total value = 44,507,200,000

Strike  79800  has a total call value of 1,000,000  versus a total put value of  41,418,100,000 Combined total value = 41,419,100,000

Strike  79900  has a total call value of 1,100,000  versus a total put value of  38,368,200,000 Combined total value = 38,369,300,000

Strike  80000  has a total call value of 1,200,000  versus a total put value of  35,330,900,000 Combined total value = 35,332,100,000

Strike  80100  has a total call value of 7,700,000  versus a total put value of  32,580,200,000 Combined total value = 32,587,900,000

Strike  80200  has a total call value of 14,200,000  versus a total put value of  29,836,500,000 Combined total value = 29,850,700,000

Strike  80300  has a total call value of 20,700,000  versus a total put value of  27,110,200,000 Combined total value = 27,130,900,000

Strike  80400  has a total call value of 27,200,000  versus a total put value of  24,404,400,000 Combined total value = 24,431,600,000

Strike  80500  has a total call value of 33,700,000  versus a total put value of  21,801,100,000 Combined total value = 21,834,800,000

Strike  80600  has a total call value of 63,900,000  versus a total put value of  19,599,400,000 Combined total value = 19,663,300,000

Strike  80700  has a total call value of 94,100,000  versus a total put value of  17,447,400,000 Combined total value = 17,541,500,000

Strike  80800  has a total call value of 124,300,000  versus a total put value of  15,379,800,000 Combined total value = 15,504,100,000

Strike  80900  has a total call value of 154,500,000  versus a total put value of  13,347,700,000 Combined total value = 13,502,200,000

Strike  81000  has a total call value of 189,600,000  versus a total put value of  11,362,500,000 Combined total value = 11,552,100,000

Strike  81100  has a total call value of 524,700,000  versus a total put value of  9,835,600,000 Combined total value = 10,360,300,000

Strike  81200  has a total call value of 910,100,000  versus a total put value of  8,373,200,000 Combined total value = 9,283,300,000

Strike  81300  has a total call value of 1,497,200,000  versus a total put value of  7,020,500,000 Combined total value = 8,517,700,000

Strike  81400  has a total call value of 2,230,500,000  versus a total put value of  5,765,000,000 Combined total value = 7,995,500,000

Strike  81500  has a total call value of 3,131,000,000  versus a total put value of  4,553,200,000 Combined total value = 7,684,200,000

Strike  81600  has a total call value of 4,675,400,000  versus a total put value of  3,839,600,000 Combined total value = 8,515,000,000

Strike  81700  has a total call value of 6,316,000,000  versus a total put value of  3,172,800,000 Combined total value = 9,488,800,000

Strike  81800  has a total call value of 8,051,800,000  versus a total put value of  2,544,600,000 Combined total value = 10,596,400,000

Strike  81900  has a total call value of 9,898,100,000  versus a total put value of  1,952,500,000 Combined total value = 11,850,600,000

Strike  82000  has a total call value of 11,863,500,000  versus a total put value of  1,377,500,000 Combined total value = 13,241,000,000

Strike  82100  has a total call value of 14,541,300,000  versus a total put value of  1,074,500,000 Combined total value = 15,615,800,000

Strike  82200  has a total call value of 17,306,300,000  versus a total put value of  787,700,000 Combined total value = 18,094,000,000

Strike  82300  has a total call value of 20,176,100,000  versus a total put value of  517,400,000 Combined total value = 20,693,500,000

Strike  82400  has a total call value of 23,153,300,000  versus a total put value of  267,400,000 Combined total value = 23,420,700,000

Strike  82500  has a total call value of 26,201,300,000  versus a total put value of  23,500,000 Combined total value = 26,224,800,000

Strike  82600  has a total call value of 29,799,900,000  versus a total put value of  10,800,000 Combined total value = 29,810,700,000

Strike  82700  has a total call value of 33,474,000,000  versus a total put value of  3,700,000 Combined total value = 33,477,700,000

Strike  82800  has a total call value of 37,192,100,000  versus a total put value of  900,000 Combined total value = 37,193,000,000

Strike  82900  has a total call value of 40,973,600,000  versus a total put value of  300,000 Combined total value = 40,973,900,000

Strike  83000  has a total call value of 44,794,800,000  versus a total put value of  0 Combined total value = 44,794,800,000

Strike  83100  has a total call value of 48,988,900,000  versus a total put value of  0 Combined total value = 48,988,900,000

Strike  83200  has a total call value of 53,202,800,000  versus a total put value of  0 Combined total value = 53,202,800,000

Strike  83300  has a total call value of 57,433,200,000  versus a total put value of  0 Combined total value = 57,433,200,000

Strike  83400  has a total call value of 61,692,500,000  versus a total put value of  0 Combined total value = 61,692,500,000

Strike  83500  has a total call value of 65,977,900,000  versus a total put value of  0 Combined total value = 65,977,900,000

Strike  83600  has a total call value of 70,519,500,000  versus a total put value of  0 Combined total value = 70,519,500,000

Strike  83700  has a total call value of 75,078,000,000  versus a total put value of  0 Combined total value = 75,078,000,000

Strike  83800  has a total call value of 79,695,200,000  versus a total put value of  0 Combined total value = 79,695,200,000

Strike  83900  has a total call value of 84,312,400,000  versus a total put value of  0 Combined total value = 84,312,400,000

Strike  84000  has a total call value of 88,929,600,000  versus a total put value of  0 Combined total value = 88,929,600,000

Strike  84100  has a total call value of 93,854,200,000  versus a total put value of  0 Combined total value = 93,854,200,000

Strike  84200  has a total call value of 98,778,800,000  versus a total put value of  0 Combined total value = 98,778,800,000

Strike  84300  has a total call value of 103,703,400,000  versus a total put value of  0 Combined total value = 103,703,400,000

Strike  84400  has a total call value of 108,628,000,000  versus a total put value of  0 Combined total value = 108,628,000,000

Strike  84500  has a total call value of 113,552,600,000  versus a total put value of  0 Combined total value = 113,552,600,000

Strike  84600  has a total call value of 118,477,200,000  versus a total put value of  0 Combined total value = 118,477,200,000

Strike  84700  has a total call value of 123,401,800,000  versus a total put value of  0 Combined total value = 123,401,800,000

Strike  84800  has a total call value of 128,326,400,000  versus a total put value of  0 Combined total value = 128,326,400,000

Strike  84900  has a total call value of 133,251,000,000  versus a total put value of  0 Combined total value = 133,251,000,000

Strike  85000  has a total call value of 138,175,600,000  versus a total put value of  0 Combined total value = 138,175,600,000

Strike  85100  has a total call value of 143,492,100,000  versus a total put value of  0 Combined total value = 143,492,100,000

Strike  85200  has a total call value of 148,808,600,000  versus a total put value of  0 Combined total value = 148,808,600,000

Strike  85300  has a total call value of 154,125,100,000  versus a total put value of  0 Combined total value = 154,125,100,000

Strike  85400  has a total call value of 159,484,600,000  versus a total put value of  0 Combined total value = 159,484,600,000

Strike  85500  has a total call value of 164,844,100,000  versus a total put value of  0 Combined total value = 164,844,100,000

Strike  85600  has a total call value of 170,203,600,000  versus a total put value of  0 Combined total value = 170,203,600,000

Strike  85700  has a total call value of 175,563,100,000  versus a total put value of  0 Combined total value = 175,563,100,000

Strike  85800  has a total call value of 180,922,600,000  versus a total put value of  0 Combined total value = 180,922,600,000

Strike  85900  has a total call value of 186,282,100,000  versus a total put value of  0 Combined total value = 186,282,100,000

Strike  86000  has a total call value of 191,653,400,000  versus a total put value of  0 Combined total value = 191,653,400,000

Strike  86100  has a total call value of 197,064,600,000  versus a total put value of  0 Combined total value = 197,064,600,000

Strike  86200  has a total call value of 202,475,800,000  versus a total put value of  0 Combined total value = 202,475,800,000

Strike  86300  has a total call value of 207,893,500,000  versus a total put value of  0 Combined total value = 207,893,500,000

Strike  86400  has a total call value of 213,312,200,000  versus a total put value of  0 Combined total value = 213,312,200,000

Strike  86500  has a total call value of 218,733,600,000  versus a total put value of  0 Combined total value = 218,733,600,000

Strike  86600  has a total call value of 224,160,500,000  versus a total put value of  0 Combined total value = 224,160,500,000

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.