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BANKNIFTY
Nifty Bank

52750.4 561.75 (1.08%)

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

All Max-Pain Table


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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.