BANKNIFTY
NIFTY BANK
Max pain for BANKNIFTY
11 Dec 2023 04:22 PM IST
Max Pain for BANKNIFTY is 47300
Strike 37500 has a total call value of 0 versus a total put value of 38,912,798,700,000 Combined total value = 38,912,798,700,000
Strike 38000 has a total call value of 0 versus a total put value of 36,543,423,450,000 Combined total value = 36,543,423,450,000
Strike 38400 has a total call value of 0 versus a total put value of 34,655,663,850,000 Combined total value = 34,655,663,850,000
Strike 38500 has a total call value of 0 versus a total put value of 34,183,723,950,000 Combined total value = 34,183,723,950,000
Strike 38600 has a total call value of 0 versus a total put value of 33,712,525,500,000 Combined total value = 33,712,525,500,000
Strike 38700 has a total call value of 0 versus a total put value of 33,241,327,050,000 Combined total value = 33,241,327,050,000
Strike 38800 has a total call value of 0 versus a total put value of 32,770,128,600,000 Combined total value = 32,770,128,600,000
Strike 38900 has a total call value of 0 versus a total put value of 32,298,930,150,000 Combined total value = 32,298,930,150,000
Strike 39000 has a total call value of 0 versus a total put value of 31,827,731,700,000 Combined total value = 31,827,731,700,000
Strike 39100 has a total call value of 0 versus a total put value of 31,357,500,600,000 Combined total value = 31,357,500,600,000
Strike 39200 has a total call value of 0 versus a total put value of 30,887,269,500,000 Combined total value = 30,887,269,500,000
Strike 39300 has a total call value of 0 versus a total put value of 30,417,038,400,000 Combined total value = 30,417,038,400,000
Strike 39400 has a total call value of 0 versus a total put value of 29,946,807,300,000 Combined total value = 29,946,807,300,000
Strike 39500 has a total call value of 0 versus a total put value of 29,476,576,200,000 Combined total value = 29,476,576,200,000
Strike 39600 has a total call value of 0 versus a total put value of 29,006,696,100,000 Combined total value = 29,006,696,100,000
Strike 39700 has a total call value of 0 versus a total put value of 28,536,816,000,000 Combined total value = 28,536,816,000,000
Strike 39800 has a total call value of 0 versus a total put value of 28,066,935,900,000 Combined total value = 28,066,935,900,000
Strike 39900 has a total call value of 0 versus a total put value of 27,597,055,800,000 Combined total value = 27,597,055,800,000
Strike 40000 has a total call value of 0 versus a total put value of 27,127,175,700,000 Combined total value = 27,127,175,700,000
Strike 40100 has a total call value of 0 versus a total put value of 26,661,889,650,000 Combined total value = 26,661,889,650,000
Strike 40200 has a total call value of 0 versus a total put value of 26,196,603,600,000 Combined total value = 26,196,603,600,000
Strike 40300 has a total call value of 0 versus a total put value of 25,731,317,550,000 Combined total value = 25,731,317,550,000
Strike 40400 has a total call value of 0 versus a total put value of 25,266,031,500,000 Combined total value = 25,266,031,500,000
Strike 40500 has a total call value of 0 versus a total put value of 24,800,745,450,000 Combined total value = 24,800,745,450,000
Strike 40600 has a total call value of 0 versus a total put value of 24,336,621,900,000 Combined total value = 24,336,621,900,000
Strike 40700 has a total call value of 0 versus a total put value of 23,872,498,350,000 Combined total value = 23,872,498,350,000
Strike 40800 has a total call value of 0 versus a total put value of 23,408,374,800,000 Combined total value = 23,408,374,800,000
Strike 40900 has a total call value of 0 versus a total put value of 22,944,251,250,000 Combined total value = 22,944,251,250,000
Strike 41000 has a total call value of 0 versus a total put value of 22,480,287,150,000 Combined total value = 22,480,287,150,000
Strike 41100 has a total call value of 0 versus a total put value of 22,018,687,500,000 Combined total value = 22,018,687,500,000
Strike 41200 has a total call value of 0 versus a total put value of 21,557,454,750,000 Combined total value = 21,557,454,750,000
Strike 41300 has a total call value of 0 versus a total put value of 21,096,788,850,000 Combined total value = 21,096,788,850,000
Strike 41400 has a total call value of 0 versus a total put value of 20,636,587,050,000 Combined total value = 20,636,587,050,000
Strike 41500 has a total call value of 150,000 versus a total put value of 20,176,589,400,000 Combined total value = 20,176,589,550,000
Strike 41600 has a total call value of 300,000 versus a total put value of 19,718,444,550,000 Combined total value = 19,718,444,850,000
Strike 41700 has a total call value of 450,000 versus a total put value of 19,260,636,150,000 Combined total value = 19,260,636,600,000
Strike 41800 has a total call value of 600,000 versus a total put value of 18,802,970,400,000 Combined total value = 18,802,971,000,000
Strike 41900 has a total call value of 750,000 versus a total put value of 18,345,450,900,000 Combined total value = 18,345,451,650,000
Strike 42000 has a total call value of 900,000 versus a total put value of 17,888,048,400,000 Combined total value = 17,888,049,300,000
Strike 42100 has a total call value of 1,050,000 versus a total put value of 17,434,805,550,000 Combined total value = 17,434,806,600,000
Strike 42200 has a total call value of 1,500,000 versus a total put value of 16,981,746,300,000 Combined total value = 16,981,747,800,000
Strike 42300 has a total call value of 1,950,000 versus a total put value of 16,528,904,850,000 Combined total value = 16,528,906,800,000
Strike 42400 has a total call value of 2,400,000 versus a total put value of 16,076,384,550,000 Combined total value = 16,076,386,950,000
Strike 42500 has a total call value of 2,850,000 versus a total put value of 15,624,098,550,000 Combined total value = 15,624,101,400,000
Strike 42600 has a total call value of 10,650,000 versus a total put value of 15,175,917,150,000 Combined total value = 15,175,927,800,000
Strike 42700 has a total call value of 18,450,000 versus a total put value of 14,728,131,600,000 Combined total value = 14,728,150,050,000
Strike 42800 has a total call value of 26,250,000 versus a total put value of 14,280,708,600,000 Combined total value = 14,280,734,850,000
Strike 42900 has a total call value of 34,050,000 versus a total put value of 13,833,790,200,000 Combined total value = 13,833,824,250,000
Strike 43000 has a total call value of 41,850,000 versus a total put value of 13,387,409,700,000 Combined total value = 13,387,451,550,000
Strike 43100 has a total call value of 118,500,000 versus a total put value of 12,951,692,100,000 Combined total value = 12,951,810,600,000
Strike 43200 has a total call value of 195,150,000 versus a total put value of 12,516,248,850,000 Combined total value = 12,516,444,000,000
Strike 43300 has a total call value of 295,050,000 versus a total put value of 12,081,222,900,000 Combined total value = 12,081,517,950,000
Strike 43400 has a total call value of 394,950,000 versus a total put value of 11,646,870,300,000 Combined total value = 11,647,265,250,000
Strike 43500 has a total call value of 494,850,000 versus a total put value of 11,213,070,150,000 Combined total value = 11,213,565,000,000
Strike 43600 has a total call value of 641,550,000 versus a total put value of 10,787,441,550,000 Combined total value = 10,788,083,100,000
Strike 43700 has a total call value of 804,450,000 versus a total put value of 10,362,974,700,000 Combined total value = 10,363,779,150,000
Strike 43800 has a total call value of 986,100,000 versus a total put value of 9,939,198,600,000 Combined total value = 9,940,184,700,000
Strike 43900 has a total call value of 1,182,150,000 versus a total put value of 9,516,338,550,000 Combined total value = 9,517,520,700,000
Strike 44000 has a total call value of 1,419,450,000 versus a total put value of 9,094,514,850,000 Combined total value = 9,095,934,300,000
Strike 44100 has a total call value of 1,986,750,000 versus a total put value of 8,690,143,200,000 Combined total value = 8,692,129,950,000
Strike 44200 has a total call value of 2,583,450,000 versus a total put value of 8,286,758,100,000 Combined total value = 8,289,341,550,000
Strike 44300 has a total call value of 3,204,600,000 versus a total put value of 7,884,682,650,000 Combined total value = 7,887,887,250,000
Strike 44400 has a total call value of 3,884,550,000 versus a total put value of 7,484,441,550,000 Combined total value = 7,488,326,100,000
Strike 44500 has a total call value of 4,726,650,000 versus a total put value of 7,086,463,050,000 Combined total value = 7,091,189,700,000
Strike 44600 has a total call value of 6,074,700,000 versus a total put value of 6,710,148,000,000 Combined total value = 6,716,222,700,000
Strike 44700 has a total call value of 7,513,950,000 versus a total put value of 6,335,486,550,000 Combined total value = 6,343,000,500,000
Strike 44800 has a total call value of 9,037,200,000 versus a total put value of 5,963,162,400,000 Combined total value = 5,972,199,600,000
Strike 44900 has a total call value of 10,796,700,000 versus a total put value of 5,593,038,750,000 Combined total value = 5,603,835,450,000
Strike 45000 has a total call value of 12,847,050,000 versus a total put value of 5,224,697,850,000 Combined total value = 5,237,544,900,000
Strike 45100 has a total call value of 16,638,750,000 versus a total put value of 4,883,807,250,000 Combined total value = 4,900,446,000,000
Strike 45200 has a total call value of 20,614,050,000 versus a total put value of 4,545,710,550,000 Combined total value = 4,566,324,600,000
Strike 45300 has a total call value of 24,728,250,000 versus a total put value of 4,211,702,700,000 Combined total value = 4,236,430,950,000
Strike 45400 has a total call value of 29,003,400,000 versus a total put value of 3,880,964,250,000 Combined total value = 3,909,967,650,000
Strike 45500 has a total call value of 33,447,900,000 versus a total put value of 3,555,506,550,000 Combined total value = 3,588,954,450,000
Strike 45600 has a total call value of 38,424,000,000 versus a total put value of 3,254,058,000,000 Combined total value = 3,292,482,000,000
Strike 45700 has a total call value of 43,661,250,000 versus a total put value of 2,957,913,150,000 Combined total value = 3,001,574,400,000
Strike 45800 has a total call value of 49,035,750,000 versus a total put value of 2,668,338,150,000 Combined total value = 2,717,373,900,000
Strike 45900 has a total call value of 54,967,950,000 versus a total put value of 2,389,069,200,000 Combined total value = 2,444,037,150,000
Strike 46000 has a total call value of 61,080,150,000 versus a total put value of 2,120,768,250,000 Combined total value = 2,181,848,400,000
Strike 46100 has a total call value of 68,990,250,000 versus a total put value of 1,879,835,400,000 Combined total value = 1,948,825,650,000
Strike 46200 has a total call value of 77,246,250,000 versus a total put value of 1,645,367,700,000 Combined total value = 1,722,613,950,000
Strike 46300 has a total call value of 86,145,450,000 versus a total put value of 1,421,421,300,000 Combined total value = 1,507,566,750,000
Strike 46400 has a total call value of 95,515,500,000 versus a total put value of 1,211,162,100,000 Combined total value = 1,306,677,600,000
Strike 46500 has a total call value of 105,696,750,000 versus a total put value of 1,016,213,850,000 Combined total value = 1,121,910,600,000
Strike 46600 has a total call value of 118,909,350,000 versus a total put value of 845,847,750,000 Combined total value = 964,757,100,000
Strike 46700 has a total call value of 134,215,800,000 versus a total put value of 688,019,400,000 Combined total value = 822,235,200,000
Strike 46800 has a total call value of 152,378,550,000 versus a total put value of 543,054,450,000 Combined total value = 695,433,000,000
Strike 46900 has a total call value of 173,152,350,000 versus a total put value of 416,781,900,000 Combined total value = 589,934,250,000
Strike 47000 has a total call value of 198,254,100,000 versus a total put value of 302,712,000,000 Combined total value = 500,966,100,000
Strike 47100 has a total call value of 233,940,750,000 versus a total put value of 219,400,050,000 Combined total value = 453,340,800,000
Strike 47200 has a total call value of 276,443,250,000 versus a total put value of 148,025,100,000 Combined total value = 424,468,350,000
Strike 47300 has a total call value of 329,040,300,000 versus a total put value of 91,975,200,000 Combined total value = 421,015,500,000
Strike 47400 has a total call value of 399,418,800,000 versus a total put value of 52,191,000,000 Combined total value = 451,609,800,000
Strike 47500 has a total call value of 491,975,550,000 versus a total put value of 27,091,050,000 Combined total value = 519,066,600,000
Strike 47600 has a total call value of 624,575,850,000 versus a total put value of 17,937,900,000 Combined total value = 642,513,750,000
Strike 47700 has a total call value of 773,036,100,000 versus a total put value of 12,304,950,000 Combined total value = 785,341,050,000
Strike 47800 has a total call value of 935,389,800,000 versus a total put value of 8,435,550,000 Combined total value = 943,825,350,000
Strike 47900 has a total call value of 1,112,735,850,000 versus a total put value of 5,643,300,000 Combined total value = 1,118,379,150,000
Strike 48000 has a total call value of 1,299,205,950,000 versus a total put value of 3,203,700,000 Combined total value = 1,302,409,650,000
Strike 48100 has a total call value of 1,509,342,750,000 versus a total put value of 2,363,700,000 Combined total value = 1,511,706,450,000
Strike 48200 has a total call value of 1,727,541,300,000 versus a total put value of 1,719,150,000 Combined total value = 1,729,260,450,000
Strike 48300 has a total call value of 1,958,423,250,000 versus a total put value of 1,179,300,000 Combined total value = 1,959,602,550,000
Strike 48400 has a total call value of 2,202,269,100,000 versus a total put value of 736,500,000 Combined total value = 2,203,005,600,000
Strike 48500 has a total call value of 2,456,766,150,000 versus a total put value of 318,900,000 Combined total value = 2,457,085,050,000
Strike 48600 has a total call value of 2,733,345,300,000 versus a total put value of 246,600,000 Combined total value = 2,733,591,900,000
Strike 48700 has a total call value of 3,017,743,350,000 versus a total put value of 184,200,000 Combined total value = 3,017,927,550,000
Strike 48800 has a total call value of 3,310,153,350,000 versus a total put value of 125,400,000 Combined total value = 3,310,278,750,000
Strike 48900 has a total call value of 3,610,909,200,000 versus a total put value of 72,000,000 Combined total value = 3,610,981,200,000
Strike 49000 has a total call value of 3,917,899,350,000 versus a total put value of 19,500,000 Combined total value = 3,917,918,850,000
Strike 49100 has a total call value of 4,262,491,050,000 versus a total put value of 18,300,000 Combined total value = 4,262,509,350,000
Strike 49200 has a total call value of 4,609,757,700,000 versus a total put value of 17,100,000 Combined total value = 4,609,774,800,000
Strike 49300 has a total call value of 4,961,594,100,000 versus a total put value of 15,900,000 Combined total value = 4,961,610,000,000
Strike 49400 has a total call value of 5,318,179,800,000 versus a total put value of 14,700,000 Combined total value = 5,318,194,500,000
Strike 49500 has a total call value of 5,679,081,750,000 versus a total put value of 13,500,000 Combined total value = 5,679,095,250,000
Strike 49600 has a total call value of 6,063,591,450,000 versus a total put value of 13,050,000 Combined total value = 6,063,604,500,000
Strike 49700 has a total call value of 6,452,639,850,000 versus a total put value of 12,600,000 Combined total value = 6,452,652,450,000
Strike 49800 has a total call value of 6,844,432,350,000 versus a total put value of 12,150,000 Combined total value = 6,844,444,500,000
Strike 49900 has a total call value of 7,237,881,000,000 versus a total put value of 11,700,000 Combined total value = 7,237,892,700,000
Strike 50000 has a total call value of 7,631,329,650,000 versus a total put value of 11,250,000 Combined total value = 7,631,340,900,000
Strike 50100 has a total call value of 8,051,629,050,000 versus a total put value of 10,800,000 Combined total value = 8,051,639,850,000
Strike 50200 has a total call value of 8,471,928,450,000 versus a total put value of 10,350,000 Combined total value = 8,471,938,800,000
Strike 50300 has a total call value of 8,892,227,850,000 versus a total put value of 9,900,000 Combined total value = 8,892,237,750,000
Strike 50400 has a total call value of 9,312,527,250,000 versus a total put value of 9,450,000 Combined total value = 9,312,536,700,000
Strike 50500 has a total call value of 9,732,826,650,000 versus a total put value of 9,000,000 Combined total value = 9,732,835,650,000
Strike 50600 has a total call value of 10,163,162,700,000 versus a total put value of 8,550,000 Combined total value = 10,163,171,250,000
Strike 50700 has a total call value of 10,593,498,750,000 versus a total put value of 8,100,000 Combined total value = 10,593,506,850,000
Strike 50800 has a total call value of 11,023,834,800,000 versus a total put value of 7,650,000 Combined total value = 11,023,842,450,000
Strike 50900 has a total call value of 11,454,170,850,000 versus a total put value of 7,200,000 Combined total value = 11,454,178,050,000
Strike 51000 has a total call value of 11,884,506,900,000 versus a total put value of 6,750,000 Combined total value = 11,884,513,650,000
Strike 51100 has a total call value of 12,326,449,650,000 versus a total put value of 6,300,000 Combined total value = 12,326,455,950,000
Strike 51200 has a total call value of 12,768,392,400,000 versus a total put value of 5,850,000 Combined total value = 12,768,398,250,000
Strike 51300 has a total call value of 13,210,335,150,000 versus a total put value of 5,400,000 Combined total value = 13,210,340,550,000
Strike 51400 has a total call value of 13,652,277,900,000 versus a total put value of 4,950,000 Combined total value = 13,652,282,850,000
Strike 51500 has a total call value of 14,094,220,650,000 versus a total put value of 4,500,000 Combined total value = 14,094,225,150,000
Strike 51600 has a total call value of 14,542,151,550,000 versus a total put value of 4,050,000 Combined total value = 14,542,155,600,000
Strike 51700 has a total call value of 14,990,082,450,000 versus a total put value of 3,600,000 Combined total value = 14,990,086,050,000
Strike 51800 has a total call value of 15,438,013,350,000 versus a total put value of 3,150,000 Combined total value = 15,438,016,500,000
Strike 51900 has a total call value of 15,885,944,250,000 versus a total put value of 2,700,000 Combined total value = 15,885,946,950,000
Strike 52000 has a total call value of 16,333,875,150,000 versus a total put value of 2,250,000 Combined total value = 16,333,877,400,000
Strike 52100 has a total call value of 16,786,068,600,000 versus a total put value of 1,950,000 Combined total value = 16,786,070,550,000
Strike 52200 has a total call value of 17,238,262,050,000 versus a total put value of 1,650,000 Combined total value = 17,238,263,700,000
Strike 52300 has a total call value of 17,690,455,500,000 versus a total put value of 1,350,000 Combined total value = 17,690,456,850,000
Strike 52500 has a total call value of 18,594,842,400,000 versus a total put value of 750,000 Combined total value = 18,594,843,150,000
Strike 53000 has a total call value of 20,893,166,400,000 versus a total put value of 0 Combined total value = 20,893,166,400,000
Strike 53500 has a total call value of 23,257,694,400,000 versus a total put value of 0 Combined total value = 23,257,694,400,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.