SENSEX
Sensex
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
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.