BANKNIFTY
Nifty Bank
Max pain for BANKNIFTY
18 Sep 2024 04:13 PM IST
Max Pain for BANKNIFTY is 52700
Strike 42000 has a total call value of 0 versus a total put value of 80,229,331,800,000 Combined total value = 80,229,331,800,000
Strike 42100 has a total call value of 0 versus a total put value of 79,377,014,550,000 Combined total value = 79,377,014,550,000
Strike 42200 has a total call value of 0 versus a total put value of 78,524,697,300,000 Combined total value = 78,524,697,300,000
Strike 42300 has a total call value of 0 versus a total put value of 77,672,380,050,000 Combined total value = 77,672,380,050,000
Strike 42400 has a total call value of 0 versus a total put value of 76,820,062,800,000 Combined total value = 76,820,062,800,000
Strike 42500 has a total call value of 0 versus a total put value of 75,967,745,550,000 Combined total value = 75,967,745,550,000
Strike 42600 has a total call value of 0 versus a total put value of 75,116,404,650,000 Combined total value = 75,116,404,650,000
Strike 42700 has a total call value of 0 versus a total put value of 74,265,063,750,000 Combined total value = 74,265,063,750,000
Strike 42800 has a total call value of 0 versus a total put value of 73,413,722,850,000 Combined total value = 73,413,722,850,000
Strike 42900 has a total call value of 0 versus a total put value of 72,562,381,950,000 Combined total value = 72,562,381,950,000
Strike 43000 has a total call value of 0 versus a total put value of 71,711,041,050,000 Combined total value = 71,711,041,050,000
Strike 43100 has a total call value of 0 versus a total put value of 70,862,915,400,000 Combined total value = 70,862,915,400,000
Strike 43200 has a total call value of 0 versus a total put value of 70,014,789,750,000 Combined total value = 70,014,789,750,000
Strike 43300 has a total call value of 0 versus a total put value of 69,166,664,100,000 Combined total value = 69,166,664,100,000
Strike 43400 has a total call value of 0 versus a total put value of 68,318,538,450,000 Combined total value = 68,318,538,450,000
Strike 43500 has a total call value of 0 versus a total put value of 67,470,412,800,000 Combined total value = 67,470,412,800,000
Strike 43600 has a total call value of 0 versus a total put value of 66,623,683,800,000 Combined total value = 66,623,683,800,000
Strike 43700 has a total call value of 0 versus a total put value of 65,776,954,800,000 Combined total value = 65,776,954,800,000
Strike 43800 has a total call value of 0 versus a total put value of 64,930,225,800,000 Combined total value = 64,930,225,800,000
Strike 43900 has a total call value of 0 versus a total put value of 64,083,496,800,000 Combined total value = 64,083,496,800,000
Strike 44000 has a total call value of 0 versus a total put value of 63,236,767,800,000 Combined total value = 63,236,767,800,000
Strike 44100 has a total call value of 0 versus a total put value of 62,392,784,100,000 Combined total value = 62,392,784,100,000
Strike 44200 has a total call value of 0 versus a total put value of 61,548,800,400,000 Combined total value = 61,548,800,400,000
Strike 44300 has a total call value of 0 versus a total put value of 60,704,816,700,000 Combined total value = 60,704,816,700,000
Strike 44400 has a total call value of 0 versus a total put value of 59,860,833,000,000 Combined total value = 59,860,833,000,000
Strike 44500 has a total call value of 0 versus a total put value of 59,016,849,300,000 Combined total value = 59,016,849,300,000
Strike 44600 has a total call value of 0 versus a total put value of 58,173,950,700,000 Combined total value = 58,173,950,700,000
Strike 44700 has a total call value of 0 versus a total put value of 57,331,052,100,000 Combined total value = 57,331,052,100,000
Strike 44800 has a total call value of 0 versus a total put value of 56,488,153,500,000 Combined total value = 56,488,153,500,000
Strike 44900 has a total call value of 0 versus a total put value of 55,645,254,900,000 Combined total value = 55,645,254,900,000
Strike 45000 has a total call value of 0 versus a total put value of 54,802,356,300,000 Combined total value = 54,802,356,300,000
Strike 45100 has a total call value of 0 versus a total put value of 53,963,387,700,000 Combined total value = 53,963,387,700,000
Strike 45200 has a total call value of 0 versus a total put value of 53,124,419,100,000 Combined total value = 53,124,419,100,000
Strike 45300 has a total call value of 0 versus a total put value of 52,285,450,500,000 Combined total value = 52,285,450,500,000
Strike 45400 has a total call value of 0 versus a total put value of 51,446,481,900,000 Combined total value = 51,446,481,900,000
Strike 45500 has a total call value of 0 versus a total put value of 50,607,513,300,000 Combined total value = 50,607,513,300,000
Strike 45600 has a total call value of 0 versus a total put value of 49,769,075,700,000 Combined total value = 49,769,075,700,000
Strike 45700 has a total call value of 0 versus a total put value of 48,930,638,100,000 Combined total value = 48,930,638,100,000
Strike 45800 has a total call value of 0 versus a total put value of 48,092,200,500,000 Combined total value = 48,092,200,500,000
Strike 45900 has a total call value of 0 versus a total put value of 47,253,762,900,000 Combined total value = 47,253,762,900,000
Strike 46000 has a total call value of 0 versus a total put value of 46,415,325,300,000 Combined total value = 46,415,325,300,000
Strike 46100 has a total call value of 0 versus a total put value of 45,579,870,600,000 Combined total value = 45,579,870,600,000
Strike 46200 has a total call value of 0 versus a total put value of 44,744,415,900,000 Combined total value = 44,744,415,900,000
Strike 46300 has a total call value of 0 versus a total put value of 43,908,961,200,000 Combined total value = 43,908,961,200,000
Strike 46400 has a total call value of 0 versus a total put value of 43,073,506,500,000 Combined total value = 43,073,506,500,000
Strike 46500 has a total call value of 0 versus a total put value of 42,238,051,800,000 Combined total value = 42,238,051,800,000
Strike 46600 has a total call value of 0 versus a total put value of 41,403,912,450,000 Combined total value = 41,403,912,450,000
Strike 46700 has a total call value of 0 versus a total put value of 40,569,773,100,000 Combined total value = 40,569,773,100,000
Strike 46800 has a total call value of 0 versus a total put value of 39,736,138,650,000 Combined total value = 39,736,138,650,000
Strike 46900 has a total call value of 0 versus a total put value of 38,902,782,900,000 Combined total value = 38,902,782,900,000
Strike 47000 has a total call value of 0 versus a total put value of 38,069,881,950,000 Combined total value = 38,069,881,950,000
Strike 47100 has a total call value of 2,250,000 versus a total put value of 37,239,915,450,000 Combined total value = 37,239,917,700,000
Strike 47200 has a total call value of 4,500,000 versus a total put value of 36,410,160,000,000 Combined total value = 36,410,164,500,000
Strike 47300 has a total call value of 6,750,000 versus a total put value of 35,580,787,800,000 Combined total value = 35,580,794,550,000
Strike 47400 has a total call value of 9,000,000 versus a total put value of 34,751,705,550,000 Combined total value = 34,751,714,550,000
Strike 47500 has a total call value of 11,250,000 versus a total put value of 33,922,801,200,000 Combined total value = 33,922,812,450,000
Strike 47600 has a total call value of 13,500,000 versus a total put value of 33,097,836,900,000 Combined total value = 33,097,850,400,000
Strike 47700 has a total call value of 15,750,000 versus a total put value of 32,273,104,800,000 Combined total value = 32,273,120,550,000
Strike 47800 has a total call value of 18,000,000 versus a total put value of 31,448,643,300,000 Combined total value = 31,448,661,300,000
Strike 47900 has a total call value of 20,250,000 versus a total put value of 30,624,509,100,000 Combined total value = 30,624,529,350,000
Strike 48000 has a total call value of 22,500,000 versus a total put value of 29,800,691,250,000 Combined total value = 29,800,713,750,000
Strike 48100 has a total call value of 32,700,000 versus a total put value of 28,983,418,800,000 Combined total value = 28,983,451,500,000
Strike 48200 has a total call value of 43,350,000 versus a total put value of 28,166,472,900,000 Combined total value = 28,166,516,250,000
Strike 48300 has a total call value of 54,300,000 versus a total put value of 27,349,930,800,000 Combined total value = 27,349,985,100,000
Strike 48400 has a total call value of 65,250,000 versus a total put value of 26,533,746,750,000 Combined total value = 26,533,812,000,000
Strike 48500 has a total call value of 76,200,000 versus a total put value of 25,717,860,300,000 Combined total value = 25,717,936,500,000
Strike 48600 has a total call value of 89,850,000 versus a total put value of 24,906,926,400,000 Combined total value = 24,907,016,250,000
Strike 48700 has a total call value of 106,050,000 versus a total put value of 24,096,655,950,000 Combined total value = 24,096,762,000,000
Strike 48800 has a total call value of 122,250,000 versus a total put value of 23,287,380,750,000 Combined total value = 23,287,503,000,000
Strike 48900 has a total call value of 138,750,000 versus a total put value of 22,478,850,600,000 Combined total value = 22,478,989,350,000
Strike 49000 has a total call value of 155,250,000 versus a total put value of 21,672,660,900,000 Combined total value = 21,672,816,150,000
Strike 49100 has a total call value of 197,250,000 versus a total put value of 20,883,463,800,000 Combined total value = 20,883,661,050,000
Strike 49200 has a total call value of 239,250,000 versus a total put value of 20,096,548,800,000 Combined total value = 20,096,788,050,000
Strike 49300 has a total call value of 282,900,000 versus a total put value of 19,315,710,900,000 Combined total value = 19,315,993,800,000
Strike 49400 has a total call value of 326,550,000 versus a total put value of 18,536,840,700,000 Combined total value = 18,537,167,250,000
Strike 49500 has a total call value of 372,000,000 versus a total put value of 17,758,781,550,000 Combined total value = 17,759,153,550,000
Strike 49600 has a total call value of 462,300,000 versus a total put value of 16,990,952,550,000 Combined total value = 16,991,414,850,000
Strike 49700 has a total call value of 555,750,000 versus a total put value of 16,228,200,900,000 Combined total value = 16,228,756,650,000
Strike 49800 has a total call value of 655,800,000 versus a total put value of 15,470,393,250,000 Combined total value = 15,471,049,050,000
Strike 49900 has a total call value of 774,150,000 versus a total put value of 14,716,673,250,000 Combined total value = 14,717,447,400,000
Strike 50000 has a total call value of 924,450,000 versus a total put value of 13,971,913,950,000 Combined total value = 13,972,838,400,000
Strike 50100 has a total call value of 1,328,700,000 versus a total put value of 13,257,476,100,000 Combined total value = 13,258,804,800,000
Strike 50200 has a total call value of 1,810,800,000 versus a total put value of 12,548,562,450,000 Combined total value = 12,550,373,250,000
Strike 50300 has a total call value of 2,365,200,000 versus a total put value of 11,844,610,200,000 Combined total value = 11,846,975,400,000
Strike 50400 has a total call value of 3,094,950,000 versus a total put value of 11,149,282,200,000 Combined total value = 11,152,377,150,000
Strike 50500 has a total call value of 4,179,900,000 versus a total put value of 10,460,433,750,000 Combined total value = 10,464,613,650,000
Strike 50600 has a total call value of 6,203,850,000 versus a total put value of 9,795,319,500,000 Combined total value = 9,801,523,350,000
Strike 50700 has a total call value of 8,530,800,000 versus a total put value of 9,135,443,100,000 Combined total value = 9,143,973,900,000
Strike 50800 has a total call value of 11,286,750,000 versus a total put value of 8,483,636,850,000 Combined total value = 8,494,923,600,000
Strike 50900 has a total call value of 14,724,600,000 versus a total put value of 7,845,031,950,000 Combined total value = 7,859,756,550,000
Strike 51000 has a total call value of 19,194,150,000 versus a total put value of 7,214,921,850,000 Combined total value = 7,234,116,000,000
Strike 51100 has a total call value of 25,514,550,000 versus a total put value of 6,628,821,150,000 Combined total value = 6,654,335,700,000
Strike 51200 has a total call value of 32,458,350,000 versus a total put value of 6,056,676,450,000 Combined total value = 6,089,134,800,000
Strike 51300 has a total call value of 40,969,950,000 versus a total put value of 5,501,439,600,000 Combined total value = 5,542,409,550,000
Strike 51400 has a total call value of 50,425,350,000 versus a total put value of 4,958,459,550,000 Combined total value = 5,008,884,900,000
Strike 51500 has a total call value of 61,476,450,000 versus a total put value of 4,433,093,250,000 Combined total value = 4,494,569,700,000
Strike 51600 has a total call value of 74,624,250,000 versus a total put value of 3,950,048,250,000 Combined total value = 4,024,672,500,000
Strike 51700 has a total call value of 89,052,450,000 versus a total put value of 3,481,378,350,000 Combined total value = 3,570,430,800,000
Strike 51800 has a total call value of 105,354,450,000 versus a total put value of 3,031,435,800,000 Combined total value = 3,136,790,250,000
Strike 51900 has a total call value of 124,495,800,000 versus a total put value of 2,600,488,800,000 Combined total value = 2,724,984,600,000
Strike 52000 has a total call value of 147,154,200,000 versus a total put value of 2,183,614,650,000 Combined total value = 2,330,768,850,000
Strike 52100 has a total call value of 173,766,450,000 versus a total put value of 1,806,675,750,000 Combined total value = 1,980,442,200,000
Strike 52200 has a total call value of 202,420,200,000 versus a total put value of 1,453,557,150,000 Combined total value = 1,655,977,350,000
Strike 52300 has a total call value of 238,837,500,000 versus a total put value of 1,132,786,800,000 Combined total value = 1,371,624,300,000
Strike 52400 has a total call value of 287,134,950,000 versus a total put value of 839,405,700,000 Combined total value = 1,126,540,650,000
Strike 52500 has a total call value of 344,470,950,000 versus a total put value of 574,203,600,000 Combined total value = 918,674,550,000
Strike 52600 has a total call value of 414,847,800,000 versus a total put value of 346,649,850,000 Combined total value = 761,497,650,000
Strike 52700 has a total call value of 492,600,000,000 versus a total put value of 152,666,550,000 Combined total value = 645,266,550,000
Strike 52800 has a total call value of 604,983,000,000 versus a total put value of 56,028,900,000 Combined total value = 661,011,900,000
Strike 52900 has a total call value of 845,059,500,000 versus a total put value of 23,136,300,000 Combined total value = 868,195,800,000
Strike 53000 has a total call value of 1,135,501,500,000 versus a total put value of 9,308,400,000 Combined total value = 1,144,809,900,000
Strike 53100 has a total call value of 1,502,056,350,000 versus a total put value of 5,874,000,000 Combined total value = 1,507,930,350,000
Strike 53200 has a total call value of 1,889,855,400,000 versus a total put value of 3,645,900,000 Combined total value = 1,893,501,300,000
Strike 53300 has a total call value of 2,306,056,650,000 versus a total put value of 2,418,900,000 Combined total value = 2,308,475,550,000
Strike 53400 has a total call value of 2,740,313,550,000 versus a total put value of 1,572,750,000 Combined total value = 2,741,886,300,000
Strike 53500 has a total call value of 3,190,996,350,000 versus a total put value of 995,550,000 Combined total value = 3,191,991,900,000
Strike 53600 has a total call value of 3,673,053,450,000 versus a total put value of 689,550,000 Combined total value = 3,673,743,000,000
Strike 53700 has a total call value of 4,171,478,700,000 versus a total put value of 454,650,000 Combined total value = 4,171,933,350,000
Strike 53800 has a total call value of 4,685,029,650,000 versus a total put value of 258,000,000 Combined total value = 4,685,287,650,000
Strike 53900 has a total call value of 5,210,897,700,000 versus a total put value of 165,750,000 Combined total value = 5,211,063,450,000
Strike 54000 has a total call value of 5,747,723,250,000 versus a total put value of 94,500,000 Combined total value = 5,747,817,750,000
Strike 54100 has a total call value of 6,332,281,350,000 versus a total put value of 78,000,000 Combined total value = 6,332,359,350,000
Strike 54200 has a total call value of 6,924,088,650,000 versus a total put value of 63,150,000 Combined total value = 6,924,151,800,000
Strike 54300 has a total call value of 7,529,329,200,000 versus a total put value of 49,500,000 Combined total value = 7,529,378,700,000
Strike 54400 has a total call value of 8,147,009,250,000 versus a total put value of 39,300,000 Combined total value = 8,147,048,550,000
Strike 54500 has a total call value of 8,774,170,500,000 versus a total put value of 29,850,000 Combined total value = 8,774,200,350,000
Strike 54600 has a total call value of 9,426,470,550,000 versus a total put value of 22,500,000 Combined total value = 9,426,493,050,000
Strike 54700 has a total call value of 10,081,384,500,000 versus a total put value of 16,050,000 Combined total value = 10,081,400,550,000
Strike 54800 has a total call value of 10,739,209,950,000 versus a total put value of 10,350,000 Combined total value = 10,739,220,300,000
Strike 54900 has a total call value of 11,400,992,100,000 versus a total put value of 4,950,000 Combined total value = 11,400,997,050,000
Strike 55000 has a total call value of 12,065,716,200,000 versus a total put value of 0 Combined total value = 12,065,716,200,000
Strike 55100 has a total call value of 12,753,044,100,000 versus a total put value of 0 Combined total value = 12,753,044,100,000
Strike 55200 has a total call value of 13,441,911,600,000 versus a total put value of 0 Combined total value = 13,441,911,600,000
Strike 55300 has a total call value of 14,134,659,600,000 versus a total put value of 0 Combined total value = 14,134,659,600,000
Strike 55400 has a total call value of 14,827,407,600,000 versus a total put value of 0 Combined total value = 14,827,407,600,000
Strike 55500 has a total call value of 15,520,155,600,000 versus a total put value of 0 Combined total value = 15,520,155,600,000
Strike 55600 has a total call value of 16,223,548,200,000 versus a total put value of 0 Combined total value = 16,223,548,200,000
Strike 55700 has a total call value of 16,926,940,800,000 versus a total put value of 0 Combined total value = 16,926,940,800,000
Strike 55800 has a total call value of 17,630,333,400,000 versus a total put value of 0 Combined total value = 17,630,333,400,000
Strike 55900 has a total call value of 18,333,726,000,000 versus a total put value of 0 Combined total value = 18,333,726,000,000
Strike 56000 has a total call value of 19,037,118,600,000 versus a total put value of 0 Combined total value = 19,037,118,600,000
Strike 56100 has a total call value of 19,752,620,700,000 versus a total put value of 0 Combined total value = 19,752,620,700,000
Strike 56200 has a total call value of 20,468,122,800,000 versus a total put value of 0 Combined total value = 20,468,122,800,000
Strike 56300 has a total call value of 21,183,624,900,000 versus a total put value of 0 Combined total value = 21,183,624,900,000
Strike 56400 has a total call value of 21,899,127,000,000 versus a total put value of 0 Combined total value = 21,899,127,000,000
Strike 56500 has a total call value of 22,614,629,100,000 versus a total put value of 0 Combined total value = 22,614,629,100,000
Strike 56600 has a total call value of 23,332,536,450,000 versus a total put value of 0 Combined total value = 23,332,536,450,000
Strike 56700 has a total call value of 24,050,443,800,000 versus a total put value of 0 Combined total value = 24,050,443,800,000
Strike 56800 has a total call value of 24,768,351,150,000 versus a total put value of 0 Combined total value = 24,768,351,150,000
Strike 56900 has a total call value of 25,486,258,500,000 versus a total put value of 0 Combined total value = 25,486,258,500,000
Strike 57000 has a total call value of 26,204,165,850,000 versus a total put value of 0 Combined total value = 26,204,165,850,000
Strike 57100 has a total call value of 26,925,372,000,000 versus a total put value of 0 Combined total value = 26,925,372,000,000
Strike 57200 has a total call value of 27,646,578,150,000 versus a total put value of 0 Combined total value = 27,646,578,150,000
Strike 57300 has a total call value of 28,367,784,300,000 versus a total put value of 0 Combined total value = 28,367,784,300,000
Strike 57400 has a total call value of 29,088,990,450,000 versus a total put value of 0 Combined total value = 29,088,990,450,000
Strike 57500 has a total call value of 29,810,196,600,000 versus a total put value of 0 Combined total value = 29,810,196,600,000
Strike 57600 has a total call value of 30,533,564,250,000 versus a total put value of 0 Combined total value = 30,533,564,250,000
Strike 57700 has a total call value of 31,256,931,900,000 versus a total put value of 0 Combined total value = 31,256,931,900,000
Strike 57800 has a total call value of 31,980,299,550,000 versus a total put value of 0 Combined total value = 31,980,299,550,000
Strike 57900 has a total call value of 32,703,667,200,000 versus a total put value of 0 Combined total value = 32,703,667,200,000
Strike 58000 has a total call value of 33,427,034,850,000 versus a total put value of 0 Combined total value = 33,427,034,850,000
Strike 58100 has a total call value of 34,154,328,750,000 versus a total put value of 0 Combined total value = 34,154,328,750,000
Strike 58200 has a total call value of 34,881,622,650,000 versus a total put value of 0 Combined total value = 34,881,622,650,000
Strike 58300 has a total call value of 35,608,916,550,000 versus a total put value of 0 Combined total value = 35,608,916,550,000
Strike 58400 has a total call value of 36,336,210,450,000 versus a total put value of 0 Combined total value = 36,336,210,450,000
Strike 58500 has a total call value of 37,063,504,350,000 versus a total put value of 0 Combined total value = 37,063,504,350,000
Strike 58600 has a total call value of 37,793,794,350,000 versus a total put value of 0 Combined total value = 37,793,794,350,000
Strike 58700 has a total call value of 38,524,084,350,000 versus a total put value of 0 Combined total value = 38,524,084,350,000
Strike 58800 has a total call value of 39,254,374,350,000 versus a total put value of 0 Combined total value = 39,254,374,350,000
Strike 58900 has a total call value of 39,984,664,350,000 versus a total put value of 0 Combined total value = 39,984,664,350,000
Strike 59000 has a total call value of 40,714,954,350,000 versus a total put value of 0 Combined total value = 40,714,954,350,000
Strike 59100 has a total call value of 41,454,747,300,000 versus a total put value of 0 Combined total value = 41,454,747,300,000
Strike 59200 has a total call value of 42,194,540,250,000 versus a total put value of 0 Combined total value = 42,194,540,250,000
Strike 59300 has a total call value of 42,934,333,200,000 versus a total put value of 0 Combined total value = 42,934,333,200,000
Strike 59400 has a total call value of 43,674,126,150,000 versus a total put value of 0 Combined total value = 43,674,126,150,000
Strike 59500 has a total call value of 44,413,919,100,000 versus a total put value of 0 Combined total value = 44,413,919,100,000
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.