BANKNIFTY

Nifty Bank

59743 +454.30 (0.77%)

L: 59106.55 H: 59762.75

Max Pain - BANKNIFTY

05 Dec 2025 01:21 PM IST

Live

Expiry

Max Pain for BANKNIFTY is 59500

Historical data for BANKNIFTY-59500-CE

LTP (59500 CE)

942.5 219.3

Open Interest

30947 -4494

Historical data for BANKNIFTY-59500-PE

LTP (59500 PE)

389.15 -182.05

Open Interest

48878 4785

Strike 43500 has a total call value of 0 versus a total put value of 21,164,705,700,000 Combined total value = 21,164,705,700,000

Strike 43600 has a total call value of 0 versus a total put value of 21,018,238,700,000 Combined total value = 21,018,238,700,000

Strike 43700 has a total call value of 0 versus a total put value of 20,871,771,700,000 Combined total value = 20,871,771,700,000

Strike 43800 has a total call value of 0 versus a total put value of 20,725,304,700,000 Combined total value = 20,725,304,700,000

Strike 43900 has a total call value of 0 versus a total put value of 20,578,837,700,000 Combined total value = 20,578,837,700,000

Strike 44000 has a total call value of 0 versus a total put value of 20,432,370,700,000 Combined total value = 20,432,370,700,000

Strike 44100 has a total call value of 0 versus a total put value of 20,285,903,700,000 Combined total value = 20,285,903,700,000

Strike 44200 has a total call value of 0 versus a total put value of 20,139,436,700,000 Combined total value = 20,139,436,700,000

Strike 44300 has a total call value of 0 versus a total put value of 19,992,969,700,000 Combined total value = 19,992,969,700,000

Strike 44400 has a total call value of 0 versus a total put value of 19,846,502,700,000 Combined total value = 19,846,502,700,000

Strike 44500 has a total call value of 0 versus a total put value of 19,700,035,700,000 Combined total value = 19,700,035,700,000

Strike 44600 has a total call value of 0 versus a total put value of 19,553,568,700,000 Combined total value = 19,553,568,700,000

Strike 44700 has a total call value of 0 versus a total put value of 19,407,101,700,000 Combined total value = 19,407,101,700,000

Strike 44800 has a total call value of 0 versus a total put value of 19,260,634,700,000 Combined total value = 19,260,634,700,000

Strike 44900 has a total call value of 0 versus a total put value of 19,114,167,700,000 Combined total value = 19,114,167,700,000

Strike 45000 has a total call value of 0 versus a total put value of 18,967,700,700,000 Combined total value = 18,967,700,700,000

Strike 45100 has a total call value of 0 versus a total put value of 18,821,233,700,000 Combined total value = 18,821,233,700,000

Strike 45200 has a total call value of 0 versus a total put value of 18,674,766,700,000 Combined total value = 18,674,766,700,000

Strike 45300 has a total call value of 0 versus a total put value of 18,528,299,700,000 Combined total value = 18,528,299,700,000

Strike 45400 has a total call value of 0 versus a total put value of 18,381,832,700,000 Combined total value = 18,381,832,700,000

Strike 45500 has a total call value of 0 versus a total put value of 18,235,365,700,000 Combined total value = 18,235,365,700,000

Strike 45600 has a total call value of 0 versus a total put value of 18,088,898,700,000 Combined total value = 18,088,898,700,000

Strike 45700 has a total call value of 0 versus a total put value of 17,942,431,700,000 Combined total value = 17,942,431,700,000

Strike 45800 has a total call value of 0 versus a total put value of 17,795,964,700,000 Combined total value = 17,795,964,700,000

Strike 45900 has a total call value of 0 versus a total put value of 17,649,497,700,000 Combined total value = 17,649,497,700,000

Strike 46000 has a total call value of 0 versus a total put value of 17,503,030,700,000 Combined total value = 17,503,030,700,000

Strike 46100 has a total call value of 0 versus a total put value of 17,356,563,700,000 Combined total value = 17,356,563,700,000

Strike 46200 has a total call value of 0 versus a total put value of 17,210,096,700,000 Combined total value = 17,210,096,700,000

Strike 46300 has a total call value of 0 versus a total put value of 17,063,629,700,000 Combined total value = 17,063,629,700,000

Strike 46400 has a total call value of 0 versus a total put value of 16,917,162,700,000 Combined total value = 16,917,162,700,000

Strike 46500 has a total call value of 0 versus a total put value of 16,770,695,700,000 Combined total value = 16,770,695,700,000

Strike 46600 has a total call value of 0 versus a total put value of 16,624,419,100,000 Combined total value = 16,624,419,100,000

Strike 46700 has a total call value of 0 versus a total put value of 16,478,142,500,000 Combined total value = 16,478,142,500,000

Strike 46800 has a total call value of 0 versus a total put value of 16,331,865,900,000 Combined total value = 16,331,865,900,000

Strike 46900 has a total call value of 0 versus a total put value of 16,185,589,300,000 Combined total value = 16,185,589,300,000

Strike 47000 has a total call value of 0 versus a total put value of 16,039,312,700,000 Combined total value = 16,039,312,700,000

Strike 47100 has a total call value of 0 versus a total put value of 15,893,178,900,000 Combined total value = 15,893,178,900,000

Strike 47200 has a total call value of 0 versus a total put value of 15,747,045,100,000 Combined total value = 15,747,045,100,000

Strike 47300 has a total call value of 0 versus a total put value of 15,600,911,300,000 Combined total value = 15,600,911,300,000

Strike 47400 has a total call value of 0 versus a total put value of 15,454,777,500,000 Combined total value = 15,454,777,500,000

Strike 47500 has a total call value of 0 versus a total put value of 15,308,643,700,000 Combined total value = 15,308,643,700,000

Strike 47600 has a total call value of 0 versus a total put value of 15,162,644,300,000 Combined total value = 15,162,644,300,000

Strike 47700 has a total call value of 0 versus a total put value of 15,016,644,900,000 Combined total value = 15,016,644,900,000

Strike 47800 has a total call value of 0 versus a total put value of 14,870,645,500,000 Combined total value = 14,870,645,500,000

Strike 47900 has a total call value of 0 versus a total put value of 14,724,646,100,000 Combined total value = 14,724,646,100,000

Strike 48000 has a total call value of 0 versus a total put value of 14,578,646,700,000 Combined total value = 14,578,646,700,000

Strike 48100 has a total call value of 0 versus a total put value of 14,433,162,150,000 Combined total value = 14,433,162,150,000

Strike 48200 has a total call value of 0 versus a total put value of 14,287,677,600,000 Combined total value = 14,287,677,600,000

Strike 48300 has a total call value of 0 versus a total put value of 14,142,193,050,000 Combined total value = 14,142,193,050,000

Strike 48400 has a total call value of 0 versus a total put value of 13,996,708,500,000 Combined total value = 13,996,708,500,000

Strike 48500 has a total call value of 0 versus a total put value of 13,851,223,950,000 Combined total value = 13,851,223,950,000

Strike 48600 has a total call value of 0 versus a total put value of 13,705,785,250,000 Combined total value = 13,705,785,250,000

Strike 48700 has a total call value of 0 versus a total put value of 13,560,346,550,000 Combined total value = 13,560,346,550,000

Strike 48800 has a total call value of 0 versus a total put value of 13,414,907,850,000 Combined total value = 13,414,907,850,000

Strike 48900 has a total call value of 0 versus a total put value of 13,269,469,150,000 Combined total value = 13,269,469,150,000

Strike 49000 has a total call value of 0 versus a total put value of 13,124,030,450,000 Combined total value = 13,124,030,450,000

Strike 49100 has a total call value of 0 versus a total put value of 12,978,724,400,000 Combined total value = 12,978,724,400,000

Strike 49200 has a total call value of 0 versus a total put value of 12,833,418,350,000 Combined total value = 12,833,418,350,000

Strike 49300 has a total call value of 0 versus a total put value of 12,688,112,300,000 Combined total value = 12,688,112,300,000

Strike 49400 has a total call value of 0 versus a total put value of 12,542,806,250,000 Combined total value = 12,542,806,250,000

Strike 49500 has a total call value of 0 versus a total put value of 12,397,500,200,000 Combined total value = 12,397,500,200,000

Strike 49600 has a total call value of 0 versus a total put value of 12,252,274,300,000 Combined total value = 12,252,274,300,000

Strike 49700 has a total call value of 0 versus a total put value of 12,107,054,700,000 Combined total value = 12,107,054,700,000

Strike 49800 has a total call value of 0 versus a total put value of 11,961,842,450,000 Combined total value = 11,961,842,450,000

Strike 49900 has a total call value of 0 versus a total put value of 11,816,638,600,000 Combined total value = 11,816,638,600,000

Strike 50000 has a total call value of 0 versus a total put value of 11,671,452,950,000 Combined total value = 11,671,452,950,000

Strike 50100 has a total call value of 764,050,000 versus a total put value of 11,528,630,850,000 Combined total value = 11,529,394,900,000

Strike 50200 has a total call value of 1,528,100,000 versus a total put value of 11,385,840,950,000 Combined total value = 11,387,369,050,000

Strike 50300 has a total call value of 2,292,150,000 versus a total put value of 11,243,062,250,000 Combined total value = 11,245,354,400,000

Strike 50400 has a total call value of 3,056,200,000 versus a total put value of 11,100,290,200,000 Combined total value = 11,103,346,400,000

Strike 50500 has a total call value of 3,820,250,000 versus a total put value of 10,957,523,400,000 Combined total value = 10,961,343,650,000

Strike 50600 has a total call value of 4,584,300,000 versus a total put value of 10,814,915,150,000 Combined total value = 10,819,499,450,000

Strike 50700 has a total call value of 5,348,350,000 versus a total put value of 10,672,310,400,000 Combined total value = 10,677,658,750,000

Strike 50800 has a total call value of 6,112,400,000 versus a total put value of 10,529,715,450,000 Combined total value = 10,535,827,850,000

Strike 50900 has a total call value of 6,876,450,000 versus a total put value of 10,387,125,050,000 Combined total value = 10,394,001,500,000

Strike 51000 has a total call value of 7,640,500,000 versus a total put value of 10,244,542,350,000 Combined total value = 10,252,182,850,000

Strike 51100 has a total call value of 8,631,150,000 versus a total put value of 10,102,852,800,000 Combined total value = 10,111,483,950,000

Strike 51200 has a total call value of 9,621,800,000 versus a total put value of 9,961,169,550,000 Combined total value = 9,970,791,350,000

Strike 51300 has a total call value of 10,612,450,000 versus a total put value of 9,819,497,150,000 Combined total value = 9,830,109,600,000

Strike 51400 has a total call value of 11,603,100,000 versus a total put value of 9,677,832,450,000 Combined total value = 9,689,435,550,000

Strike 51500 has a total call value of 12,593,750,000 versus a total put value of 9,536,195,050,000 Combined total value = 9,548,788,800,000

Strike 51600 has a total call value of 13,584,400,000 versus a total put value of 9,394,710,250,000 Combined total value = 9,408,294,650,000

Strike 51700 has a total call value of 14,575,050,000 versus a total put value of 9,253,234,200,000 Combined total value = 9,267,809,250,000

Strike 51800 has a total call value of 15,565,700,000 versus a total put value of 9,111,764,800,000 Combined total value = 9,127,330,500,000

Strike 51900 has a total call value of 16,556,350,000 versus a total put value of 8,970,330,400,000 Combined total value = 8,986,886,750,000

Strike 52000 has a total call value of 17,547,000,000 versus a total put value of 8,828,901,600,000 Combined total value = 8,846,448,600,000

Strike 52100 has a total call value of 18,837,600,000 versus a total put value of 8,688,259,950,000 Combined total value = 8,707,097,550,000

Strike 52200 has a total call value of 20,128,200,000 versus a total put value of 8,547,630,900,000 Combined total value = 8,567,759,100,000

Strike 52300 has a total call value of 21,418,800,000 versus a total put value of 8,407,009,200,000 Combined total value = 8,428,428,000,000

Strike 52400 has a total call value of 22,709,400,000 versus a total put value of 8,266,406,400,000 Combined total value = 8,289,115,800,000

Strike 52500 has a total call value of 24,000,000,000 versus a total put value of 8,125,820,400,000 Combined total value = 8,149,820,400,000

Strike 52600 has a total call value of 25,290,600,000 versus a total put value of 7,985,648,250,000 Combined total value = 8,010,938,850,000

Strike 52700 has a total call value of 26,581,200,000 versus a total put value of 7,845,487,300,000 Combined total value = 7,872,068,500,000

Strike 52800 has a total call value of 27,871,800,000 versus a total put value of 7,705,336,500,000 Combined total value = 7,733,208,300,000

Strike 52900 has a total call value of 29,162,400,000 versus a total put value of 7,565,193,750,000 Combined total value = 7,594,356,150,000

Strike 53000 has a total call value of 30,453,000,000 versus a total put value of 7,425,075,150,000 Combined total value = 7,455,528,150,000

Strike 53100 has a total call value of 32,041,450,000 versus a total put value of 7,286,416,400,000 Combined total value = 7,318,457,850,000

Strike 53200 has a total call value of 33,629,900,000 versus a total put value of 7,147,767,100,000 Combined total value = 7,181,397,000,000

Strike 53300 has a total call value of 35,218,350,000 versus a total put value of 7,009,137,050,000 Combined total value = 7,044,355,400,000

Strike 53400 has a total call value of 36,806,800,000 versus a total put value of 6,870,534,300,000 Combined total value = 6,907,341,100,000

Strike 53500 has a total call value of 38,395,250,000 versus a total put value of 6,731,931,550,000 Combined total value = 6,770,326,800,000

Strike 53600 has a total call value of 39,983,700,000 versus a total put value of 6,593,932,900,000 Combined total value = 6,633,916,600,000

Strike 53700 has a total call value of 41,572,150,000 versus a total put value of 6,455,951,750,000 Combined total value = 6,497,523,900,000

Strike 53800 has a total call value of 43,160,600,000 versus a total put value of 6,317,987,050,000 Combined total value = 6,361,147,650,000

Strike 53900 has a total call value of 44,749,050,000 versus a total put value of 6,180,033,900,000 Combined total value = 6,224,782,950,000

Strike 54000 has a total call value of 46,337,500,000 versus a total put value of 6,042,115,400,000 Combined total value = 6,088,452,900,000

Strike 54100 has a total call value of 48,552,900,000 versus a total put value of 5,907,112,750,000 Combined total value = 5,955,665,650,000

Strike 54200 has a total call value of 50,768,300,000 versus a total put value of 5,772,129,700,000 Combined total value = 5,822,898,000,000

Strike 54300 has a total call value of 52,983,700,000 versus a total put value of 5,637,184,100,000 Combined total value = 5,690,167,800,000

Strike 54400 has a total call value of 55,199,100,000 versus a total put value of 5,502,261,950,000 Combined total value = 5,557,461,050,000

Strike 54500 has a total call value of 57,414,500,000 versus a total put value of 5,367,372,000,000 Combined total value = 5,424,786,500,000

Strike 54600 has a total call value of 59,629,900,000 versus a total put value of 5,233,462,400,000 Combined total value = 5,293,092,300,000

Strike 54700 has a total call value of 61,845,300,000 versus a total put value of 5,099,577,300,000 Combined total value = 5,161,422,600,000

Strike 54800 has a total call value of 64,060,700,000 versus a total put value of 4,965,740,150,000 Combined total value = 5,029,800,850,000

Strike 54900 has a total call value of 66,276,100,000 versus a total put value of 4,831,950,950,000 Combined total value = 4,898,227,050,000

Strike 55000 has a total call value of 68,491,500,000 versus a total put value of 4,698,276,550,000 Combined total value = 4,766,768,050,000

Strike 55100 has a total call value of 71,332,000,000 versus a total put value of 4,569,026,150,000 Combined total value = 4,640,358,150,000

Strike 55200 has a total call value of 74,172,500,000 versus a total put value of 4,439,844,000,000 Combined total value = 4,514,016,500,000

Strike 55300 has a total call value of 77,013,000,000 versus a total put value of 4,310,778,050,000 Combined total value = 4,387,791,050,000

Strike 55400 has a total call value of 79,853,500,000 versus a total put value of 4,181,781,400,000 Combined total value = 4,261,634,900,000

Strike 55500 has a total call value of 82,694,000,000 versus a total put value of 4,052,841,100,000 Combined total value = 4,135,535,100,000

Strike 55600 has a total call value of 86,422,800,000 versus a total put value of 3,926,876,100,000 Combined total value = 4,013,298,900,000

Strike 55700 has a total call value of 90,151,600,000 versus a total put value of 3,801,147,700,000 Combined total value = 3,891,299,300,000

Strike 55800 has a total call value of 93,880,400,000 versus a total put value of 3,675,591,850,000 Combined total value = 3,769,472,250,000

Strike 55900 has a total call value of 97,609,200,000 versus a total put value of 3,550,196,300,000 Combined total value = 3,647,805,500,000

Strike 56000 has a total call value of 101,343,250,000 versus a total put value of 3,424,865,500,000 Combined total value = 3,526,208,750,000

Strike 56100 has a total call value of 106,013,550,000 versus a total put value of 3,304,812,700,000 Combined total value = 3,410,826,250,000

Strike 56200 has a total call value of 110,683,850,000 versus a total put value of 3,185,079,450,000 Combined total value = 3,295,763,300,000

Strike 56300 has a total call value of 115,354,150,000 versus a total put value of 3,065,712,650,000 Combined total value = 3,181,066,800,000

Strike 56400 has a total call value of 120,024,450,000 versus a total put value of 2,946,627,250,000 Combined total value = 3,066,651,700,000

Strike 56500 has a total call value of 124,694,750,000 versus a total put value of 2,827,771,450,000 Combined total value = 2,952,466,200,000

Strike 56600 has a total call value of 129,690,900,000 versus a total put value of 2,711,727,900,000 Combined total value = 2,841,418,800,000

Strike 56700 has a total call value of 134,687,050,000 versus a total put value of 2,596,331,850,000 Combined total value = 2,731,018,900,000

Strike 56800 has a total call value of 139,683,200,000 versus a total put value of 2,481,152,800,000 Combined total value = 2,620,836,000,000

Strike 56900 has a total call value of 144,679,350,000 versus a total put value of 2,366,430,500,000 Combined total value = 2,511,109,850,000

Strike 57000 has a total call value of 149,675,500,000 versus a total put value of 2,252,023,550,000 Combined total value = 2,401,699,050,000

Strike 57100 has a total call value of 155,991,500,000 versus a total put value of 2,143,641,850,000 Combined total value = 2,299,633,350,000

Strike 57200 has a total call value of 162,312,050,000 versus a total put value of 2,035,702,200,000 Combined total value = 2,198,014,250,000

Strike 57300 has a total call value of 168,632,600,000 versus a total put value of 1,928,432,450,000 Combined total value = 2,097,065,050,000

Strike 57400 has a total call value of 174,983,600,000 versus a total put value of 1,821,997,450,000 Combined total value = 1,996,981,050,000

Strike 57500 has a total call value of 181,388,150,000 versus a total put value of 1,716,145,550,000 Combined total value = 1,897,533,700,000

Strike 57600 has a total call value of 188,397,850,000 versus a total put value of 1,616,046,600,000 Combined total value = 1,804,444,450,000

Strike 57700 has a total call value of 195,463,200,000 versus a total put value of 1,516,470,200,000 Combined total value = 1,711,933,400,000

Strike 57800 has a total call value of 202,624,800,000 versus a total put value of 1,417,519,950,000 Combined total value = 1,620,144,750,000

Strike 57900 has a total call value of 209,869,700,000 versus a total put value of 1,319,706,500,000 Combined total value = 1,529,576,200,000

Strike 58000 has a total call value of 217,189,500,000 versus a total put value of 1,222,504,850,000 Combined total value = 1,439,694,350,000

Strike 58100 has a total call value of 226,682,800,000 versus a total put value of 1,134,820,750,000 Combined total value = 1,361,503,550,000

Strike 58200 has a total call value of 236,274,450,000 versus a total put value of 1,047,695,250,000 Combined total value = 1,283,969,700,000

Strike 58300 has a total call value of 245,971,450,000 versus a total put value of 961,489,900,000 Combined total value = 1,207,461,350,000

Strike 58400 has a total call value of 255,799,700,000 versus a total put value of 876,085,700,000 Combined total value = 1,131,885,400,000

Strike 58500 has a total call value of 265,755,000,000 versus a total put value of 792,173,200,000 Combined total value = 1,057,928,200,000

Strike 58600 has a total call value of 284,058,850,000 versus a total put value of 718,735,850,000 Combined total value = 1,002,794,700,000

Strike 58700 has a total call value of 302,529,300,000 versus a total put value of 646,347,800,000 Combined total value = 948,877,100,000

Strike 58800 has a total call value of 321,261,900,000 versus a total put value of 575,300,600,000 Combined total value = 896,562,500,000

Strike 58900 has a total call value of 340,629,750,000 versus a total put value of 505,965,250,000 Combined total value = 846,595,000,000

Strike 59000 has a total call value of 360,330,800,000 versus a total put value of 438,173,400,000 Combined total value = 798,504,200,000

Strike 59100 has a total call value of 386,207,600,000 versus a total put value of 384,646,500,000 Combined total value = 770,854,100,000

Strike 59200 has a total call value of 412,730,500,000 versus a total put value of 333,173,750,000 Combined total value = 745,904,250,000

Strike 59300 has a total call value of 440,068,550,000 versus a total put value of 284,661,300,000 Combined total value = 724,729,850,000

Strike 59400 has a total call value of 468,430,350,000 versus a total put value of 238,735,000,000 Combined total value = 707,165,350,000

Strike 59500 has a total call value of 498,410,200,000 versus a total put value of 195,092,100,000 Combined total value = 693,502,300,000

Strike 59600 has a total call value of 539,221,500,000 versus a total put value of 168,556,500,000 Combined total value = 707,778,000,000

Strike 59700 has a total call value of 582,280,850,000 versus a total put value of 144,718,350,000 Combined total value = 726,999,200,000

Strike 59800 has a total call value of 627,990,400,000 versus a total put value of 123,860,450,000 Combined total value = 751,850,850,000

Strike 59900 has a total call value of 676,680,550,000 versus a total put value of 105,842,100,000 Combined total value = 782,522,650,000

Strike 60000 has a total call value of 727,617,000,000 versus a total put value of 89,331,900,000 Combined total value = 816,948,900,000

Strike 60100 has a total call value of 792,133,800,000 versus a total put value of 81,025,000,000 Combined total value = 873,158,800,000

Strike 60200 has a total call value of 859,036,900,000 versus a total put value of 73,931,900,000 Combined total value = 932,968,800,000

Strike 60300 has a total call value of 927,711,700,000 versus a total put value of 67,605,300,000 Combined total value = 995,317,000,000

Strike 60400 has a total call value of 997,491,450,000 versus a total put value of 61,838,000,000 Combined total value = 1,059,329,450,000

Strike 60500 has a total call value of 1,068,415,000,000 versus a total put value of 56,329,350,000 Combined total value = 1,124,744,350,000

Strike 60600 has a total call value of 1,144,106,250,000 versus a total put value of 52,058,650,000 Combined total value = 1,196,164,900,000

Strike 60700 has a total call value of 1,220,785,550,000 versus a total put value of 48,072,500,000 Combined total value = 1,268,858,050,000

Strike 60800 has a total call value of 1,298,507,500,000 versus a total put value of 44,237,200,000 Combined total value = 1,342,744,700,000

Strike 60900 has a total call value of 1,377,451,650,000 versus a total put value of 40,522,300,000 Combined total value = 1,417,973,950,000

Strike 61000 has a total call value of 1,457,333,100,000 versus a total put value of 37,063,250,000 Combined total value = 1,494,396,350,000

Strike 61100 has a total call value of 1,544,583,800,000 versus a total put value of 34,943,300,000 Combined total value = 1,579,527,100,000

Strike 61200 has a total call value of 1,632,545,000,000 versus a total put value of 32,946,900,000 Combined total value = 1,665,491,900,000

Strike 61300 has a total call value of 1,721,546,750,000 versus a total put value of 31,003,700,000 Combined total value = 1,752,550,450,000

Strike 61400 has a total call value of 1,811,270,200,000 versus a total put value of 29,060,500,000 Combined total value = 1,840,330,700,000

Strike 61500 has a total call value of 1,901,528,100,000 versus a total put value of 27,152,650,000 Combined total value = 1,928,680,750,000

Strike 61600 has a total call value of 1,996,949,200,000 versus a total put value of 25,458,300,000 Combined total value = 2,022,407,500,000

Strike 61700 has a total call value of 2,092,919,800,000 versus a total put value of 23,803,850,000 Combined total value = 2,116,723,650,000

Strike 61800 has a total call value of 2,189,592,150,000 versus a total put value of 22,149,400,000 Combined total value = 2,211,741,550,000

Strike 61900 has a total call value of 2,287,184,300,000 versus a total put value of 20,494,950,000 Combined total value = 2,307,679,250,000

Strike 62000 has a total call value of 2,385,255,600,000 versus a total put value of 18,840,500,000 Combined total value = 2,404,096,100,000

Strike 62100 has a total call value of 2,490,719,250,000 versus a total put value of 17,910,900,000 Combined total value = 2,508,630,150,000

Strike 62200 has a total call value of 2,596,681,650,000 versus a total put value of 16,981,300,000 Combined total value = 2,613,662,950,000

Strike 62300 has a total call value of 2,703,390,250,000 versus a total put value of 16,051,700,000 Combined total value = 2,719,441,950,000

Strike 62400 has a total call value of 2,810,830,350,000 versus a total put value of 15,122,100,000 Combined total value = 2,825,952,450,000

Strike 62500 has a total call value of 2,918,794,050,000 versus a total put value of 14,192,500,000 Combined total value = 2,932,986,550,000

Strike 62600 has a total call value of 3,029,904,950,000 versus a total put value of 13,262,900,000 Combined total value = 3,043,167,850,000

Strike 62700 has a total call value of 3,141,525,450,000 versus a total put value of 12,333,300,000 Combined total value = 3,153,858,750,000

Strike 62800 has a total call value of 3,253,420,350,000 versus a total put value of 11,403,700,000 Combined total value = 3,264,824,050,000

Strike 62900 has a total call value of 3,365,565,850,000 versus a total put value of 10,474,100,000 Combined total value = 3,376,039,950,000

Strike 63000 has a total call value of 3,477,990,650,000 versus a total put value of 9,544,500,000 Combined total value = 3,487,535,150,000

Strike 63100 has a total call value of 3,598,000,300,000 versus a total put value of 9,018,450,000 Combined total value = 3,607,018,750,000

Strike 63200 has a total call value of 3,718,257,400,000 versus a total put value of 8,492,400,000 Combined total value = 3,726,749,800,000

Strike 63300 has a total call value of 3,838,682,500,000 versus a total put value of 7,966,350,000 Combined total value = 3,846,648,850,000

Strike 63400 has a total call value of 3,959,284,350,000 versus a total put value of 7,440,300,000 Combined total value = 3,966,724,650,000

Strike 63500 has a total call value of 4,079,964,250,000 versus a total put value of 6,914,250,000 Combined total value = 4,086,878,500,000

Strike 63600 has a total call value of 4,202,577,900,000 versus a total put value of 6,388,200,000 Combined total value = 4,208,966,100,000

Strike 63700 has a total call value of 4,325,318,250,000 versus a total put value of 5,862,150,000 Combined total value = 4,331,180,400,000

Strike 63800 has a total call value of 4,448,151,700,000 versus a total put value of 5,336,100,000 Combined total value = 4,453,487,800,000

Strike 63900 has a total call value of 4,571,067,750,000 versus a total put value of 4,810,050,000 Combined total value = 4,575,877,800,000

Strike 64000 has a total call value of 4,694,077,600,000 versus a total put value of 4,284,000,000 Combined total value = 4,698,361,600,000

Strike 64100 has a total call value of 4,821,874,750,000 versus a total put value of 3,947,300,000 Combined total value = 4,825,822,050,000

Strike 64200 has a total call value of 4,949,769,900,000 versus a total put value of 3,610,600,000 Combined total value = 4,953,380,500,000

Strike 64300 has a total call value of 5,077,695,150,000 versus a total put value of 3,273,900,000 Combined total value = 5,080,969,050,000

Strike 64400 has a total call value of 5,205,680,600,000 versus a total put value of 2,937,200,000 Combined total value = 5,208,617,800,000

Strike 64500 has a total call value of 5,333,691,250,000 versus a total put value of 2,600,500,000 Combined total value = 5,336,291,750,000

Strike 64600 has a total call value of 5,462,897,850,000 versus a total put value of 2,263,800,000 Combined total value = 5,465,161,650,000

Strike 64700 has a total call value of 5,592,128,250,000 versus a total put value of 1,927,100,000 Combined total value = 5,594,055,350,000

Strike 64800 has a total call value of 5,721,392,950,000 versus a total put value of 1,590,400,000 Combined total value = 5,722,983,350,000

Strike 64900 has a total call value of 5,850,671,650,000 versus a total put value of 1,253,700,000 Combined total value = 5,851,925,350,000

Strike 65000 has a total call value of 5,979,950,350,000 versus a total put value of 917,000,000 Combined total value = 5,980,867,350,000

Strike 65100 has a total call value of 6,113,362,550,000 versus a total put value of 825,300,000 Combined total value = 6,114,187,850,000

Strike 65200 has a total call value of 6,246,774,750,000 versus a total put value of 733,600,000 Combined total value = 6,247,508,350,000

Strike 65300 has a total call value of 6,380,186,950,000 versus a total put value of 641,900,000 Combined total value = 6,380,828,850,000

Strike 65400 has a total call value of 6,513,599,150,000 versus a total put value of 550,200,000 Combined total value = 6,514,149,350,000

Strike 65500 has a total call value of 6,647,011,350,000 versus a total put value of 458,500,000 Combined total value = 6,647,469,850,000

Strike 65600 has a total call value of 6,780,704,950,000 versus a total put value of 366,800,000 Combined total value = 6,781,071,750,000

Strike 65700 has a total call value of 6,914,398,550,000 versus a total put value of 275,100,000 Combined total value = 6,914,673,650,000

Strike 65800 has a total call value of 7,048,092,150,000 versus a total put value of 183,400,000 Combined total value = 7,048,275,550,000

Strike 65900 has a total call value of 7,181,785,750,000 versus a total put value of 91,700,000 Combined total value = 7,181,877,450,000

Strike 66000 has a total call value of 7,315,479,350,000 versus a total put value of 0 Combined total value = 7,315,479,350,000

Strike 66100 has a total call value of 7,450,128,100,000 versus a total put value of 0 Combined total value = 7,450,128,100,000

Strike 66200 has a total call value of 7,584,776,850,000 versus a total put value of 0 Combined total value = 7,584,776,850,000

Strike 66300 has a total call value of 7,719,425,600,000 versus a total put value of 0 Combined total value = 7,719,425,600,000

Strike 66400 has a total call value of 7,854,074,350,000 versus a total put value of 0 Combined total value = 7,854,074,350,000

Strike 66500 has a total call value of 7,988,723,100,000 versus a total put value of 0 Combined total value = 7,988,723,100,000

Strike 66600 has a total call value of 8,124,566,750,000 versus a total put value of 0 Combined total value = 8,124,566,750,000

Strike 66700 has a total call value of 8,260,410,400,000 versus a total put value of 0 Combined total value = 8,260,410,400,000

Strike 66800 has a total call value of 8,396,254,050,000 versus a total put value of 0 Combined total value = 8,396,254,050,000

Strike 66900 has a total call value of 8,532,097,700,000 versus a total put value of 0 Combined total value = 8,532,097,700,000

Strike 67000 has a total call value of 8,667,941,350,000 versus a total put value of 0 Combined total value = 8,667,941,350,000

Strike 67100 has a total call value of 8,806,235,350,000 versus a total put value of 0 Combined total value = 8,806,235,350,000

Strike 67200 has a total call value of 8,944,529,350,000 versus a total put value of 0 Combined total value = 8,944,529,350,000

Strike 67300 has a total call value of 9,082,823,350,000 versus a total put value of 0 Combined total value = 9,082,823,350,000

Strike 67400 has a total call value of 9,221,117,350,000 versus a total put value of 0 Combined total value = 9,221,117,350,000

Strike 67500 has a total call value of 9,359,411,350,000 versus a total put value of 0 Combined total value = 9,359,411,350,000

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	1147.4	1140
ABB	5159.5	5150
ABCAPITAL	356.45	350
ADANIENSOL	970.85	990
ADANIENT	2247	2300
ADANIGREEN	1012.3	1020
ADANIPORTS	1511.6	1500
ALKEM	5710	5700
AMBER	6391	6800
AMBUJACEM	535	550
ANGELONE	2635.7	2650
APLAPOLLO	1777.7	1760
APOLLOHOSP	7217.5	7350
ASHOKLEY	160.49	157
ASIANPAINT	2961.5	2920
ASTRAL	1455.8	1460
AUBANK	958.45	940
AUROPHARMA	1221.5	1220
AXISBANK	1283	1280
BAJAJ-AUTO	9104.5	9100
BAJAJFINSV	2104.1	2080
BAJFINANCE	1054.8	1030
BANDHANBNK	142.33	150
BANKBARODA	291.4	292.5
BANKINDIA	142.83	145
BDL	1519	1520
BEL	408.95	410
BHARATFORG	1403.2	1400
BHARTIARTL	2102.3	2100
BHEL	278.5	285
BIOCON	390.7	395
BLUESTARCO	1729	1760
BOSCHLTD	36870	36500
BPCL	360.7	362.5
BRITANNIA	5918	5850
BSE	2805.7	2800
CAMS	767.7	780
CANBK	148.48	150
CDSL	1544.8	1580
CGPOWER	661.6	680
CHOLAFIN	1726.1	1700
CIPLA	1522.3	1530
COALINDIA	380.35	380
COFORGE	1985	1860
COLPAL	2152.2	2180
CONCOR	512.65	520
CROMPTON	260.8	270
CUMMINSIND	4467.1	4500
CYIENT	1176	1160
DABUR	507.6	515
DALBHARAT	1995.4	2000
DELHIVERY	406.95	420
DIVISLAB	6460	6450
DIXON	13794	14500
DLF	723.95	730
DMART	3938.2	4000
DRREDDY	1280	1270
EICHERMOT	7154.5	7100
ETERNAL	294.15	305
EXIDEIND	379.2	380
FEDERALBNK	258.8	255
FORTIS	889.05	910
GAIL	170.38	175
GLENMARK	1977.4	1940
GMRAIRPORT	103.45	102
GODREJCP	1130.5	1140
GODREJPROP	2088.6	2100
GRASIM	2745.2	2760
HAL	4481.9	4500
HAVELLS	1429.3	1440
HCLTECH	1684.7	1640
HDFCAMC	2587	2650
HDFCBANK	1004.6	1000
HDFCLIFE	770.45	770
HEROMOTOCO	6348	6200
HFCL	68.57	70
HINDALCO	828.2	800
HINDPETRO	451.15	455
HINDUNILVR	2330	2360
HINDZINC	500.65	490
HUDCO	220.9	230
ICICIBANK	1391.6	1380
ICICIGI	1980	2000
ICICIPRULI	625.65	620
IDEA	10.76	10
IDFCFIRSTB	81.15	80
IEX	145.45	145
IIFL	566.3	570
INDHOTEL	731.4	740
INDIANB	811.75	830
INDIGO	5450	5500
INDUSINDBK	868.4	860
INDUSTOWER	415.1	410
INFY	1621.4	1600
INOXWIND	128.84	137.5
IOC	163.23	164
IRCTC	675.65	690
IREDA	133.2	140
IRFC	114.17	118
ITC	404.1	405
JINDALSTEL	1007.6	1030
JIOFIN	302.3	310
JSWENERGY	451.55	480
JSWSTEEL	1160	1150
JUBLFOOD	591.15	600
KALYANKJIL	490.3	490
KAYNES	4606.5	5000
KEI	4146.2	4150
KFINTECH	1061.5	1080
KOTAKBANK	2163.1	2120
KPITTECH	1268	1240
LAURUSLABS	1028.4	1000
LICHSGFIN	542.05	555
LICI	869.1	900
LODHA	1112.8	1140
LT	4037.9	4020
LTF	305.2	302.5
LTIM	6315	6200
LUPIN	2104.3	2080
M&M	3710.6	3700
MANAPPURAM	277.3	280
MANKIND	2203	2250
MARICO	731.8	730
MARUTI	16202	16100
MAXHEALTH	1092.1	1120
MAZDOCK	2623	2700
MCX	10274	10100
MFSL	1692.9	1700
MOTHERSON	117.47	115
MPHASIS	2945.1	2900
MUTHOOTFIN	3781.8	3700
NATIONALUM	273.3	265
NAUKRI	1388.7	1380
NBCC	111.23	115
NCC	168.34	172.5
NESTLEIND	1239.3	1260
NHPC	76.95	78
NMDC	76.24	75
NTPC	322.85	325
NUVAMA	7113.5	7200
NYKAA	254.3	260
OBEROIRLTY	1678	1660
OFSS	8209	8200
OIL	410.75	415
ONGC	242.97	244
PAGEIND	37350	38000
PATANJALI	541.4	550
PAYTM	1346.6	1320
PERSISTENT	6517	6400
PETRONET	275.85	280
PFC	352.55	365
PGEL	566.55	580
PHOENIXLTD	1740.6	1740
PIDILITIND	1479.2	1480
PIIND	3419.5	3450
PNB	121.18	122
PNBHOUSING	898	900
POLICYBZR	1877.4	1860
POLYCAB	7212.5	7400
POWERGRID	269.9	275
POWERINDIA	19350	20500
PPLPHARMA	179.2	185
PRESTIGE	1693.6	1680
RBLBANK	302.7	310
RECLTD	351.8	360
RELIANCE	1538	1540
RVNL	310.45	315
SAIL	133.04	135
SAMMAANCAP	148.24	170
SBICARD	880.75	880
SBILIFE	2045.7	2020
SBIN	963.95	970
SHREECEM	26205	26500
SHRIRAMFIN	853.65	840
SIEMENS	3309.4	3300
SOLARINDS	12808	13250
SONACOMS	491.5	500
SRF	2878	2900
SUNPHARMA	1808	1800
SUPREMEIND	3360.8	3450
SUZLON	51.28	54
SYNGENE	636.5	640
TATACONSUM	1161.4	1170
TATAELXSI	5244	5300
TATAMOTORS	0	320
TATAPOWER	384.1	390
TATASTEEL	167.07	170
TATATECH	667.4	680
TCS	3243.5	3200
TECHM	1578.8	1520
TIINDIA	2670	2850
TITAGARH	791.95	820
TITAN	3818	3860
TMPV	354.8	360
TORNTPHARM	3781.5	3750
TORNTPOWER	1286.9	1300
TRENT	4192.4	4300
TVSMOTOR	3661	3600
ULTRACEMCO	11600	11700
UNIONBANK	152.83	155
UNITDSPR	1451	1450
UNOMINDA	1269.6	1300
UPL	757.75	760
VBL	477.85	470
VEDL	529.9	520
VOLTAS	1324	1360
WIPRO	260.05	255
YESBANK	22.58	23
ZYDUSLIFE	933.45	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.

Related Pages for BANKNIFTY

BANKNIFTY

360ONE

ABB

ABCAPITAL

ADANIENSOL

ADANIENT

ADANIGREEN

ADANIPORTS

ALKEM

AMBER

AMBUJACEM

ANGELONE

APLAPOLLO

APOLLOHOSP

ASHOKLEY

ASIANPAINT

ASTRAL

AUBANK

AUROPHARMA

AXISBANK

BAJAJ-AUTO

BAJAJFINSV

BAJFINANCE

BANDHANBNK

BANKBARODA

BANKEX

BANKINDIA

BANKNIFTY

BDL

BEL

BHARATFORG

BHARTIARTL

BHEL

BIOCON

BLUESTARCO

BOSCHLTD

BPCL

BRITANNIA

BSE

CAMS

CANBK

CDSL

CGPOWER

CHOLAFIN

CIPLA

COALINDIA

COFORGE

COLPAL

CONCOR

COPPER

CROMPTON

CRUDEOIL

CRUDEOILM

CUMMINSIND

CYIENT

DABUR

DALBHARAT

DELHIVERY

DIVISLAB

DIXON

DLF

DMART

DRREDDY

EICHERMOT

ETERNAL

EURINR

EURUSD

EXIDEIND

FEDERALBNK

FINNIFTY

FORTIS

GAIL

GBPINR

GBPUSD

GLENMARK

GMRAIRPORT

GODREJCP

GODREJPROP

GOLD