BANKEX

Bank Index

66931.36 +484.21 (0.73%)

L: 66290.56 H: 67004.25

Max Pain - BANKEX

05 Dec 2025 02:13 PM IST

Live

Expiry

Max Pain for BANKEX is 67000

Historical data for BANKEX-67000-CE

LTP (67000 CE)

708.8 169.5

Open Interest

111 22

Historical data for BANKEX-67000-PE

LTP (67000 PE)

497.35 -258.35

Open Interest

96 45

Strike 57500 has a total call value of 0 versus a total put value of 23,383,800,000 Combined total value = 23,383,800,000

Strike 57600 has a total call value of 0 versus a total put value of 23,095,200,000 Combined total value = 23,095,200,000

Strike 57700 has a total call value of 0 versus a total put value of 22,806,600,000 Combined total value = 22,806,600,000

Strike 57800 has a total call value of 0 versus a total put value of 22,518,000,000 Combined total value = 22,518,000,000

Strike 57900 has a total call value of 0 versus a total put value of 22,229,400,000 Combined total value = 22,229,400,000

Strike 58000 has a total call value of 0 versus a total put value of 21,940,800,000 Combined total value = 21,940,800,000

Strike 58100 has a total call value of 0 versus a total put value of 21,652,200,000 Combined total value = 21,652,200,000

Strike 58200 has a total call value of 0 versus a total put value of 21,363,600,000 Combined total value = 21,363,600,000

Strike 58300 has a total call value of 0 versus a total put value of 21,075,000,000 Combined total value = 21,075,000,000

Strike 58400 has a total call value of 0 versus a total put value of 20,786,400,000 Combined total value = 20,786,400,000

Strike 58500 has a total call value of 0 versus a total put value of 20,497,800,000 Combined total value = 20,497,800,000

Strike 58600 has a total call value of 0 versus a total put value of 20,211,300,000 Combined total value = 20,211,300,000

Strike 58700 has a total call value of 0 versus a total put value of 19,924,800,000 Combined total value = 19,924,800,000

Strike 58800 has a total call value of 0 versus a total put value of 19,638,300,000 Combined total value = 19,638,300,000

Strike 58900 has a total call value of 0 versus a total put value of 19,352,700,000 Combined total value = 19,352,700,000

Strike 59000 has a total call value of 0 versus a total put value of 19,067,100,000 Combined total value = 19,067,100,000

Strike 59100 has a total call value of 0 versus a total put value of 18,781,500,000 Combined total value = 18,781,500,000

Strike 59200 has a total call value of 0 versus a total put value of 18,495,900,000 Combined total value = 18,495,900,000

Strike 59300 has a total call value of 0 versus a total put value of 18,210,300,000 Combined total value = 18,210,300,000

Strike 59400 has a total call value of 0 versus a total put value of 17,924,700,000 Combined total value = 17,924,700,000

Strike 59500 has a total call value of 0 versus a total put value of 17,639,100,000 Combined total value = 17,639,100,000

Strike 59600 has a total call value of 0 versus a total put value of 17,353,500,000 Combined total value = 17,353,500,000

Strike 59700 has a total call value of 0 versus a total put value of 17,068,200,000 Combined total value = 17,068,200,000

Strike 59800 has a total call value of 0 versus a total put value of 16,782,900,000 Combined total value = 16,782,900,000

Strike 59900 has a total call value of 0 versus a total put value of 16,497,600,000 Combined total value = 16,497,600,000

Strike 60000 has a total call value of 0 versus a total put value of 16,212,600,000 Combined total value = 16,212,600,000

Strike 60100 has a total call value of 0 versus a total put value of 15,927,600,000 Combined total value = 15,927,600,000

Strike 60200 has a total call value of 0 versus a total put value of 15,642,600,000 Combined total value = 15,642,600,000

Strike 60300 has a total call value of 0 versus a total put value of 15,357,600,000 Combined total value = 15,357,600,000

Strike 60400 has a total call value of 0 versus a total put value of 15,072,600,000 Combined total value = 15,072,600,000

Strike 60500 has a total call value of 0 versus a total put value of 14,787,600,000 Combined total value = 14,787,600,000

Strike 60600 has a total call value of 0 versus a total put value of 14,502,600,000 Combined total value = 14,502,600,000

Strike 60700 has a total call value of 0 versus a total put value of 14,217,600,000 Combined total value = 14,217,600,000

Strike 60800 has a total call value of 0 versus a total put value of 13,932,600,000 Combined total value = 13,932,600,000

Strike 60900 has a total call value of 0 versus a total put value of 13,647,600,000 Combined total value = 13,647,600,000

Strike 61000 has a total call value of 0 versus a total put value of 13,362,600,000 Combined total value = 13,362,600,000

Strike 61100 has a total call value of 0 versus a total put value of 13,077,600,000 Combined total value = 13,077,600,000

Strike 61200 has a total call value of 0 versus a total put value of 12,792,600,000 Combined total value = 12,792,600,000

Strike 61300 has a total call value of 0 versus a total put value of 12,507,600,000 Combined total value = 12,507,600,000

Strike 61400 has a total call value of 0 versus a total put value of 12,222,600,000 Combined total value = 12,222,600,000

Strike 61500 has a total call value of 0 versus a total put value of 11,937,600,000 Combined total value = 11,937,600,000

Strike 61600 has a total call value of 0 versus a total put value of 11,652,600,000 Combined total value = 11,652,600,000

Strike 61700 has a total call value of 0 versus a total put value of 11,367,600,000 Combined total value = 11,367,600,000

Strike 61800 has a total call value of 0 versus a total put value of 11,082,600,000 Combined total value = 11,082,600,000

Strike 61900 has a total call value of 0 versus a total put value of 10,797,600,000 Combined total value = 10,797,600,000

Strike 62000 has a total call value of 0 versus a total put value of 10,512,600,000 Combined total value = 10,512,600,000

Strike 62100 has a total call value of 0 versus a total put value of 10,227,600,000 Combined total value = 10,227,600,000

Strike 62200 has a total call value of 0 versus a total put value of 9,942,600,000 Combined total value = 9,942,600,000

Strike 62300 has a total call value of 0 versus a total put value of 9,657,600,000 Combined total value = 9,657,600,000

Strike 62400 has a total call value of 0 versus a total put value of 9,372,600,000 Combined total value = 9,372,600,000

Strike 62500 has a total call value of 0 versus a total put value of 9,087,600,000 Combined total value = 9,087,600,000

Strike 62600 has a total call value of 0 versus a total put value of 8,802,600,000 Combined total value = 8,802,600,000

Strike 62700 has a total call value of 0 versus a total put value of 8,517,600,000 Combined total value = 8,517,600,000

Strike 62800 has a total call value of 0 versus a total put value of 8,233,200,000 Combined total value = 8,233,200,000

Strike 62900 has a total call value of 0 versus a total put value of 7,948,800,000 Combined total value = 7,948,800,000

Strike 63000 has a total call value of 0 versus a total put value of 7,664,700,000 Combined total value = 7,664,700,000

Strike 63100 has a total call value of 0 versus a total put value of 7,380,600,000 Combined total value = 7,380,600,000

Strike 63200 has a total call value of 0 versus a total put value of 7,106,700,000 Combined total value = 7,106,700,000

Strike 63300 has a total call value of 0 versus a total put value of 6,832,800,000 Combined total value = 6,832,800,000

Strike 63400 has a total call value of 0 versus a total put value of 6,559,200,000 Combined total value = 6,559,200,000

Strike 63500 has a total call value of 0 versus a total put value of 6,285,600,000 Combined total value = 6,285,600,000

Strike 63600 has a total call value of 0 versus a total put value of 6,012,300,000 Combined total value = 6,012,300,000

Strike 63700 has a total call value of 0 versus a total put value of 5,739,000,000 Combined total value = 5,739,000,000

Strike 63800 has a total call value of 0 versus a total put value of 5,465,700,000 Combined total value = 5,465,700,000

Strike 63900 has a total call value of 0 versus a total put value of 5,192,700,000 Combined total value = 5,192,700,000

Strike 64000 has a total call value of 0 versus a total put value of 4,920,600,000 Combined total value = 4,920,600,000

Strike 64100 has a total call value of 0 versus a total put value of 4,649,100,000 Combined total value = 4,649,100,000

Strike 64200 has a total call value of 300,000 versus a total put value of 4,377,600,000 Combined total value = 4,377,900,000

Strike 64300 has a total call value of 600,000 versus a total put value of 4,116,600,000 Combined total value = 4,117,200,000

Strike 64400 has a total call value of 900,000 versus a total put value of 3,859,800,000 Combined total value = 3,860,700,000

Strike 64500 has a total call value of 1,200,000 versus a total put value of 3,613,800,000 Combined total value = 3,615,000,000

Strike 64600 has a total call value of 1,500,000 versus a total put value of 3,372,600,000 Combined total value = 3,374,100,000

Strike 64700 has a total call value of 1,800,000 versus a total put value of 3,138,600,000 Combined total value = 3,140,400,000

Strike 64800 has a total call value of 2,100,000 versus a total put value of 2,910,600,000 Combined total value = 2,912,700,000

Strike 64900 has a total call value of 2,400,000 versus a total put value of 2,691,900,000 Combined total value = 2,694,300,000

Strike 65000 has a total call value of 2,700,000 versus a total put value of 2,485,200,000 Combined total value = 2,487,900,000

Strike 65100 has a total call value of 3,000,000 versus a total put value of 2,292,300,000 Combined total value = 2,295,300,000

Strike 65200 has a total call value of 3,300,000 versus a total put value of 2,104,200,000 Combined total value = 2,107,500,000

Strike 65300 has a total call value of 3,600,000 versus a total put value of 1,920,300,000 Combined total value = 1,923,900,000

Strike 65400 has a total call value of 3,900,000 versus a total put value of 1,747,800,000 Combined total value = 1,751,700,000

Strike 65500 has a total call value of 4,200,000 versus a total put value of 1,582,500,000 Combined total value = 1,586,700,000

Strike 65600 has a total call value of 4,500,000 versus a total put value of 1,429,500,000 Combined total value = 1,434,000,000

Strike 65700 has a total call value of 4,800,000 versus a total put value of 1,286,100,000 Combined total value = 1,290,900,000

Strike 65800 has a total call value of 5,400,000 versus a total put value of 1,152,900,000 Combined total value = 1,158,300,000

Strike 65900 has a total call value of 6,000,000 versus a total put value of 1,027,500,000 Combined total value = 1,033,500,000

Strike 66000 has a total call value of 6,600,000 versus a total put value of 908,400,000 Combined total value = 915,000,000

Strike 66100 has a total call value of 8,100,000 versus a total put value of 801,000,000 Combined total value = 809,100,000

Strike 66200 has a total call value of 9,600,000 versus a total put value of 700,200,000 Combined total value = 709,800,000

Strike 66300 has a total call value of 11,400,000 versus a total put value of 605,400,000 Combined total value = 616,800,000

Strike 66400 has a total call value of 13,800,000 versus a total put value of 516,900,000 Combined total value = 530,700,000

Strike 66500 has a total call value of 20,100,000 versus a total put value of 432,300,000 Combined total value = 452,400,000

Strike 66600 has a total call value of 32,400,000 versus a total put value of 353,700,000 Combined total value = 386,100,000

Strike 66700 has a total call value of 53,700,000 versus a total put value of 280,500,000 Combined total value = 334,200,000

Strike 66800 has a total call value of 80,400,000 versus a total put value of 212,700,000 Combined total value = 293,100,000

Strike 66900 has a total call value of 111,300,000 versus a total put value of 150,000,000 Combined total value = 261,300,000

Strike 67000 has a total call value of 147,300,000 versus a total put value of 98,100,000 Combined total value = 245,400,000

Strike 67100 has a total call value of 216,600,000 versus a total put value of 75,000,000 Combined total value = 291,600,000

Strike 67200 has a total call value of 295,500,000 versus a total put value of 53,400,000 Combined total value = 348,900,000

Strike 67300 has a total call value of 380,700,000 versus a total put value of 35,700,000 Combined total value = 416,400,000

Strike 67400 has a total call value of 474,000,000 versus a total put value of 22,200,000 Combined total value = 496,200,000

Strike 67500 has a total call value of 572,700,000 versus a total put value of 13,500,000 Combined total value = 586,200,000

Strike 67600 has a total call value of 678,300,000 versus a total put value of 10,800,000 Combined total value = 689,100,000

Strike 67700 has a total call value of 789,000,000 versus a total put value of 8,100,000 Combined total value = 797,100,000

Strike 67800 has a total call value of 906,300,000 versus a total put value of 5,400,000 Combined total value = 911,700,000

Strike 67900 has a total call value of 1,034,400,000 versus a total put value of 2,700,000 Combined total value = 1,037,100,000

Strike 68000 has a total call value of 1,172,700,000 versus a total put value of 0 Combined total value = 1,172,700,000

Strike 68100 has a total call value of 1,328,700,000 versus a total put value of 0 Combined total value = 1,328,700,000

Strike 68200 has a total call value of 1,495,200,000 versus a total put value of 0 Combined total value = 1,495,200,000

Strike 68300 has a total call value of 1,677,900,000 versus a total put value of 0 Combined total value = 1,677,900,000

Strike 68400 has a total call value of 1,874,100,000 versus a total put value of 0 Combined total value = 1,874,100,000

Strike 68500 has a total call value of 2,082,600,000 versus a total put value of 0 Combined total value = 2,082,600,000

Strike 68600 has a total call value of 2,304,300,000 versus a total put value of 0 Combined total value = 2,304,300,000

Strike 68700 has a total call value of 2,534,700,000 versus a total put value of 0 Combined total value = 2,534,700,000

Strike 68800 has a total call value of 2,776,500,000 versus a total put value of 0 Combined total value = 2,776,500,000

Strike 68900 has a total call value of 3,031,800,000 versus a total put value of 0 Combined total value = 3,031,800,000

Strike 69000 has a total call value of 3,300,000,000 versus a total put value of 0 Combined total value = 3,300,000,000

Strike 69100 has a total call value of 3,597,300,000 versus a total put value of 0 Combined total value = 3,597,300,000

Strike 69200 has a total call value of 3,912,300,000 versus a total put value of 0 Combined total value = 3,912,300,000

Strike 69300 has a total call value of 4,249,500,000 versus a total put value of 0 Combined total value = 4,249,500,000

Strike 69400 has a total call value of 4,586,700,000 versus a total put value of 0 Combined total value = 4,586,700,000

Strike 69500 has a total call value of 4,923,900,000 versus a total put value of 0 Combined total value = 4,923,900,000

Strike 69600 has a total call value of 5,268,300,000 versus a total put value of 0 Combined total value = 5,268,300,000

Strike 69700 has a total call value of 5,612,700,000 versus a total put value of 0 Combined total value = 5,612,700,000

Strike 69800 has a total call value of 5,957,100,000 versus a total put value of 0 Combined total value = 5,957,100,000

Strike 69900 has a total call value of 6,301,500,000 versus a total put value of 0 Combined total value = 6,301,500,000

Strike 70000 has a total call value of 6,645,900,000 versus a total put value of 0 Combined total value = 6,645,900,000

Strike 70100 has a total call value of 7,000,800,000 versus a total put value of 0 Combined total value = 7,000,800,000

Strike 70200 has a total call value of 7,356,000,000 versus a total put value of 0 Combined total value = 7,356,000,000

Strike 70300 has a total call value of 7,711,200,000 versus a total put value of 0 Combined total value = 7,711,200,000

Strike 70400 has a total call value of 8,066,400,000 versus a total put value of 0 Combined total value = 8,066,400,000

Strike 70500 has a total call value of 8,421,600,000 versus a total put value of 0 Combined total value = 8,421,600,000

Strike 70600 has a total call value of 8,776,800,000 versus a total put value of 0 Combined total value = 8,776,800,000

Strike 70700 has a total call value of 9,132,000,000 versus a total put value of 0 Combined total value = 9,132,000,000

Strike 70800 has a total call value of 9,487,200,000 versus a total put value of 0 Combined total value = 9,487,200,000

Strike 70900 has a total call value of 9,842,400,000 versus a total put value of 0 Combined total value = 9,842,400,000

Strike 71000 has a total call value of 10,197,600,000 versus a total put value of 0 Combined total value = 10,197,600,000

Strike 71100 has a total call value of 10,552,800,000 versus a total put value of 0 Combined total value = 10,552,800,000

Strike 71200 has a total call value of 10,908,000,000 versus a total put value of 0 Combined total value = 10,908,000,000

Strike 71300 has a total call value of 11,263,200,000 versus a total put value of 0 Combined total value = 11,263,200,000

Strike 71400 has a total call value of 11,618,400,000 versus a total put value of 0 Combined total value = 11,618,400,000

Strike 71500 has a total call value of 11,973,600,000 versus a total put value of 0 Combined total value = 11,973,600,000

Strike 71600 has a total call value of 12,328,800,000 versus a total put value of 0 Combined total value = 12,328,800,000

Strike 71700 has a total call value of 12,684,000,000 versus a total put value of 0 Combined total value = 12,684,000,000

Strike 71800 has a total call value of 13,039,200,000 versus a total put value of 0 Combined total value = 13,039,200,000

Strike 71900 has a total call value of 13,394,400,000 versus a total put value of 0 Combined total value = 13,394,400,000

Strike 72000 has a total call value of 13,749,600,000 versus a total put value of 0 Combined total value = 13,749,600,000

Strike 72100 has a total call value of 14,104,800,000 versus a total put value of 0 Combined total value = 14,104,800,000

Strike 72200 has a total call value of 14,460,000,000 versus a total put value of 0 Combined total value = 14,460,000,000

Strike 72300 has a total call value of 14,815,200,000 versus a total put value of 0 Combined total value = 14,815,200,000

Strike 72400 has a total call value of 15,170,400,000 versus a total put value of 0 Combined total value = 15,170,400,000

Strike 72500 has a total call value of 15,525,600,000 versus a total put value of 0 Combined total value = 15,525,600,000

Strike 72600 has a total call value of 15,880,800,000 versus a total put value of 0 Combined total value = 15,880,800,000

Strike 72700 has a total call value of 16,236,000,000 versus a total put value of 0 Combined total value = 16,236,000,000

Strike 72800 has a total call value of 16,591,200,000 versus a total put value of 0 Combined total value = 16,591,200,000

Strike 72900 has a total call value of 16,946,400,000 versus a total put value of 0 Combined total value = 16,946,400,000

Strike 73000 has a total call value of 17,301,600,000 versus a total put value of 0 Combined total value = 17,301,600,000

Strike 73100 has a total call value of 17,656,800,000 versus a total put value of 0 Combined total value = 17,656,800,000

Strike 73200 has a total call value of 18,012,000,000 versus a total put value of 0 Combined total value = 18,012,000,000

Strike 73300 has a total call value of 18,367,200,000 versus a total put value of 0 Combined total value = 18,367,200,000

Strike 73400 has a total call value of 18,722,400,000 versus a total put value of 0 Combined total value = 18,722,400,000

Strike 73500 has a total call value of 19,077,600,000 versus a total put value of 0 Combined total value = 19,077,600,000

Strike 73600 has a total call value of 19,432,800,000 versus a total put value of 0 Combined total value = 19,432,800,000

Strike 73700 has a total call value of 19,788,000,000 versus a total put value of 0 Combined total value = 19,788,000,000

Strike 73800 has a total call value of 20,143,200,000 versus a total put value of 0 Combined total value = 20,143,200,000

Strike 73900 has a total call value of 20,498,400,000 versus a total put value of 0 Combined total value = 20,498,400,000

Strike 74000 has a total call value of 20,853,600,000 versus a total put value of 0 Combined total value = 20,853,600,000

Strike 74100 has a total call value of 21,209,100,000 versus a total put value of 0 Combined total value = 21,209,100,000

Strike 74200 has a total call value of 21,564,900,000 versus a total put value of 0 Combined total value = 21,564,900,000

Strike 74300 has a total call value of 21,921,000,000 versus a total put value of 0 Combined total value = 21,921,000,000

Strike 74400 has a total call value of 22,277,700,000 versus a total put value of 0 Combined total value = 22,277,700,000

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	1151	1140
ABB	5165.5	5150
ABCAPITAL	359	350
ADANIENSOL	972.95	980
ADANIENT	2257.4	2300
ADANIGREEN	1018.4	1020
ADANIPORTS	1511.7	1500
ALKEM	5682.5	5700
AMBER	6530.5	6600
AMBUJACEM	533.8	550
ANGELONE	2638.4	2650
APLAPOLLO	1775.2	1760
APOLLOHOSP	7189.5	7350
ASHOKLEY	160.52	157
ASIANPAINT	2965	2920
ASTRAL	1460.1	1460
AUBANK	957.25	940
AUROPHARMA	1216	1220
AXISBANK	1281.7	1280
BAJAJ-AUTO	9098	9100
BAJAJFINSV	2102.7	2080
BAJFINANCE	1054.7	1030
BANDHANBNK	141.16	150
BANKBARODA	292.75	292.5
BANKINDIA	142.78	145
BDL	1515.9	1520
BEL	407.6	410
BHARATFORG	1402.9	1400
BHARTIARTL	2099.1	2100
BHEL	277.9	285
BIOCON	392.2	395
BLUESTARCO	1728.1	1760
BOSCHLTD	36885	36500
BPCL	360.75	362.5
BRITANNIA	5945	5850
BSE	2816	2800
CAMS	774.2	780
CANBK	148.92	150
CDSL	1548.3	1580
CGPOWER	661	680
CHOLAFIN	1724.9	1700
CIPLA	1525.3	1530
COALINDIA	380.05	380
COFORGE	1979.4	1860
COLPAL	2160.3	2180
CONCOR	512.15	520
CROMPTON	260.6	270
CUMMINSIND	4459.4	4500
CYIENT	1174	1160
DABUR	509.4	515
DALBHARAT	1992.1	2000
DELHIVERY	406.75	420
DIVISLAB	6463	6450
DIXON	13862	14500
DLF	718.5	730
DMART	3948.3	4000
DRREDDY	1274.9	1270
EICHERMOT	7169.5	7100
ETERNAL	293.8	305
EXIDEIND	379	380
FEDERALBNK	259.3	255
FORTIS	891.65	910
GAIL	170.15	175
GLENMARK	1975.2	1940
GMRAIRPORT	103.03	102
GODREJCP	1133.5	1140
GODREJPROP	2083	2100
GRASIM	2747.9	2760
HAL	4465.2	4500
HAVELLS	1427.3	1440
HCLTECH	1684.6	1640
HDFCAMC	2576.8	2650
HDFCBANK	1002	1000
HDFCLIFE	770.05	770
HEROMOTOCO	6340.5	6200
HFCL	68.82	70
HINDALCO	825.6	800
HINDPETRO	451.35	455
HINDUNILVR	2332.1	2360
HINDZINC	497.55	490
HUDCO	223.15	230
ICICIBANK	1390.5	1380
ICICIGI	1977.9	2000
ICICIPRULI	624.15	620
IDEA	10.72	10
IDFCFIRSTB	81.14	80
IEX	145.67	145
IIFL	568.95	570
INDHOTEL	730.5	740
INDIANB	811.3	830
INDIGO	5401	5500
INDUSINDBK	869.25	860
INDUSTOWER	414.25	410
INFY	1616.1	1600
INOXWIND	129.59	137.5
IOC	163.24	164
IRCTC	674.6	690
IREDA	133.35	140
IRFC	114.18	117
ITC	404.95	405
JINDALSTEL	1008.3	1030
JIOFIN	303.55	310
JSWENERGY	454.5	480
JSWSTEEL	1158.4	1150
JUBLFOOD	593.5	600
KALYANKJIL	490.6	490
KAYNES	4565	5000
KEI	4157.5	4150
KFINTECH	1070.2	1080
KOTAKBANK	2158.4	2120
KPITTECH	1269	1240
LAURUSLABS	1026.9	1000
LICHSGFIN	542.15	555
LICI	868.65	900
LODHA	1106.7	1140
LT	4038.4	4020
LTF	308.15	302.5
LTIM	6294.5	6200
LUPIN	2101.4	2080
M&M	3712.9	3700
MANAPPURAM	278	280
MANKIND	2205.8	2250
MARICO	733.45	730
MARUTI	16202	16100
MAXHEALTH	1096.7	1120
MAZDOCK	2618.8	2700
MCX	10318	10100
MFSL	1689.1	1700
MOTHERSON	117.15	115
MPHASIS	2946.4	2900
MUTHOOTFIN	3788	3700
NATIONALUM	273.85	265
NAUKRI	1391.4	1380
NBCC	111.96	115
NCC	168.45	172.5
NESTLEIND	1241.8	1260
NHPC	77.04	78
NMDC	76.24	76
NTPC	323.6	325
NUVAMA	7201.5	7200
NYKAA	254	260
OBEROIRLTY	1654.5	1660
OFSS	8206	8200
OIL	410.5	415
ONGC	241.98	244
PAGEIND	37455	38000
PATANJALI	542.6	550
PAYTM	1348.9	1320
PERSISTENT	6512	6400
PETRONET	274.95	280
PFC	353.05	365
PGEL	562.5	580
PHOENIXLTD	1732.1	1740
PIDILITIND	1476.8	1480
PIIND	3411.5	3450
PNB	121.5	122
PNBHOUSING	903.5	900
POLICYBZR	1879.9	1860
POLYCAB	7226	7400
POWERGRID	270	275
POWERINDIA	19280	20500
PPLPHARMA	180.08	185
PRESTIGE	1688.1	1680
RBLBANK	306.3	310
RECLTD	353.25	360
RELIANCE	1536.8	1540
RVNL	310.9	315
SAIL	132.87	135
SAMMAANCAP	148.51	170
SBICARD	883	880
SBILIFE	2027.8	2020
SBIN	966.15	970
SHREECEM	26260	26500
SHRIRAMFIN	855.1	840
SIEMENS	3311.1	3300
SOLARINDS	12816	13500
SONACOMS	493.45	500
SRF	2878.8	2900
SUNPHARMA	1807.7	1800
SUPREMEIND	3365.4	3450
SUZLON	51.34	54
SYNGENE	641	640
TATACONSUM	1161.6	1170
TATAELXSI	5252.5	5300
TATAMOTORS	0	320
TATAPOWER	384.7	390
TATASTEEL	167.33	170
TATATECH	667.05	680
TCS	3232.3	3200
TECHM	1575.1	1520
TIINDIA	2669.1	2800
TITAGARH	793.6	820
TITAN	3817.8	3860
TMPV	354.85	360
TORNTPHARM	3795.8	3750
TORNTPOWER	1289.7	1300
TRENT	4184.7	4300
TVSMOTOR	3656.5	3600
ULTRACEMCO	11605	11700
UNIONBANK	152.94	155
UNITDSPR	1451	1440
UNOMINDA	1270.9	1300
UPL	757	760
VBL	479.05	470
VEDL	525.8	520
VOLTAS	1326.3	1360
WIPRO	259.49	255
YESBANK	22.58	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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