BANKNIFTY
NIFTY BANK
Max pain for BANKNIFTY
28 Mar 2024 04:00 PM IST
Max Pain for BANKNIFTY is 47400
Strike 38500 has a total call value of 0 versus a total put value of 21,187,462,950,000 Combined total value = 21,187,462,950,000
Strike 39000 has a total call value of 0 versus a total put value of 19,825,529,700,000 Combined total value = 19,825,529,700,000
Strike 39500 has a total call value of 0 versus a total put value of 18,466,759,200,000 Combined total value = 18,466,759,200,000
Strike 40000 has a total call value of 0 versus a total put value of 17,108,387,700,000 Combined total value = 17,108,387,700,000
Strike 40100 has a total call value of 0 versus a total put value of 16,839,500,550,000 Combined total value = 16,839,500,550,000
Strike 40200 has a total call value of 0 versus a total put value of 16,570,613,400,000 Combined total value = 16,570,613,400,000
Strike 40300 has a total call value of 0 versus a total put value of 16,301,726,250,000 Combined total value = 16,301,726,250,000
Strike 40400 has a total call value of 0 versus a total put value of 16,032,839,100,000 Combined total value = 16,032,839,100,000
Strike 40500 has a total call value of 0 versus a total put value of 15,763,951,950,000 Combined total value = 15,763,951,950,000
Strike 40600 has a total call value of 0 versus a total put value of 15,495,703,200,000 Combined total value = 15,495,703,200,000
Strike 40700 has a total call value of 0 versus a total put value of 15,227,454,450,000 Combined total value = 15,227,454,450,000
Strike 40800 has a total call value of 0 versus a total put value of 14,959,205,700,000 Combined total value = 14,959,205,700,000
Strike 40900 has a total call value of 0 versus a total put value of 14,690,956,950,000 Combined total value = 14,690,956,950,000
Strike 41000 has a total call value of 0 versus a total put value of 14,422,708,200,000 Combined total value = 14,422,708,200,000
Strike 41100 has a total call value of 0 versus a total put value of 14,154,794,850,000 Combined total value = 14,154,794,850,000
Strike 41200 has a total call value of 0 versus a total put value of 13,886,881,500,000 Combined total value = 13,886,881,500,000
Strike 41300 has a total call value of 0 versus a total put value of 13,618,968,150,000 Combined total value = 13,618,968,150,000
Strike 41400 has a total call value of 0 versus a total put value of 13,351,054,800,000 Combined total value = 13,351,054,800,000
Strike 41500 has a total call value of 0 versus a total put value of 13,083,141,450,000 Combined total value = 13,083,141,450,000
Strike 41600 has a total call value of 0 versus a total put value of 12,815,620,500,000 Combined total value = 12,815,620,500,000
Strike 41700 has a total call value of 0 versus a total put value of 12,548,099,550,000 Combined total value = 12,548,099,550,000
Strike 41800 has a total call value of 0 versus a total put value of 12,280,578,600,000 Combined total value = 12,280,578,600,000
Strike 41900 has a total call value of 0 versus a total put value of 12,013,057,650,000 Combined total value = 12,013,057,650,000
Strike 42000 has a total call value of 0 versus a total put value of 11,745,536,700,000 Combined total value = 11,745,536,700,000
Strike 42100 has a total call value of 0 versus a total put value of 11,479,998,450,000 Combined total value = 11,479,998,450,000
Strike 42200 has a total call value of 0 versus a total put value of 11,214,460,200,000 Combined total value = 11,214,460,200,000
Strike 42300 has a total call value of 0 versus a total put value of 10,948,921,950,000 Combined total value = 10,948,921,950,000
Strike 42400 has a total call value of 0 versus a total put value of 10,683,383,700,000 Combined total value = 10,683,383,700,000
Strike 42500 has a total call value of 0 versus a total put value of 10,417,845,450,000 Combined total value = 10,417,845,450,000
Strike 42600 has a total call value of 0 versus a total put value of 10,153,845,300,000 Combined total value = 10,153,845,300,000
Strike 42700 has a total call value of 0 versus a total put value of 9,889,845,150,000 Combined total value = 9,889,845,150,000
Strike 42800 has a total call value of 0 versus a total put value of 9,625,845,000,000 Combined total value = 9,625,845,000,000
Strike 42900 has a total call value of 0 versus a total put value of 9,361,844,850,000 Combined total value = 9,361,844,850,000
Strike 43000 has a total call value of 0 versus a total put value of 9,097,844,700,000 Combined total value = 9,097,844,700,000
Strike 43100 has a total call value of 0 versus a total put value of 8,837,778,750,000 Combined total value = 8,837,778,750,000
Strike 43200 has a total call value of 0 versus a total put value of 8,577,770,100,000 Combined total value = 8,577,770,100,000
Strike 43300 has a total call value of 0 versus a total put value of 8,317,935,750,000 Combined total value = 8,317,935,750,000
Strike 43400 has a total call value of 0 versus a total put value of 8,058,225,900,000 Combined total value = 8,058,225,900,000
Strike 43500 has a total call value of 0 versus a total put value of 7,798,580,250,000 Combined total value = 7,798,580,250,000
Strike 43600 has a total call value of 0 versus a total put value of 7,541,287,800,000 Combined total value = 7,541,287,800,000
Strike 43700 has a total call value of 0 versus a total put value of 7,284,731,850,000 Combined total value = 7,284,731,850,000
Strike 43800 has a total call value of 0 versus a total put value of 7,028,725,650,000 Combined total value = 7,028,725,650,000
Strike 43900 has a total call value of 0 versus a total put value of 6,773,763,600,000 Combined total value = 6,773,763,600,000
Strike 44000 has a total call value of 0 versus a total put value of 6,519,597,750,000 Combined total value = 6,519,597,750,000
Strike 44100 has a total call value of 414,300,000 versus a total put value of 6,274,074,450,000 Combined total value = 6,274,488,750,000
Strike 44200 has a total call value of 828,600,000 versus a total put value of 6,029,240,700,000 Combined total value = 6,030,069,300,000
Strike 44300 has a total call value of 1,242,900,000 versus a total put value of 5,785,745,250,000 Combined total value = 5,786,988,150,000
Strike 44400 has a total call value of 1,657,200,000 versus a total put value of 5,543,498,100,000 Combined total value = 5,545,155,300,000
Strike 44500 has a total call value of 2,071,500,000 versus a total put value of 5,302,905,150,000 Combined total value = 5,304,976,650,000
Strike 44600 has a total call value of 2,490,300,000 versus a total put value of 5,067,684,000,000 Combined total value = 5,070,174,300,000
Strike 44700 has a total call value of 3,144,000,000 versus a total put value of 4,834,404,150,000 Combined total value = 4,837,548,150,000
Strike 44800 has a total call value of 4,030,650,000 versus a total put value of 4,602,348,000,000 Combined total value = 4,606,378,650,000
Strike 44900 has a total call value of 4,923,600,000 versus a total put value of 4,373,749,200,000 Combined total value = 4,378,672,800,000
Strike 45000 has a total call value of 5,816,550,000 versus a total put value of 4,146,320,400,000 Combined total value = 4,152,136,950,000
Strike 45100 has a total call value of 7,494,600,000 versus a total put value of 3,936,871,350,000 Combined total value = 3,944,365,950,000
Strike 45200 has a total call value of 9,173,250,000 versus a total put value of 3,729,786,750,000 Combined total value = 3,738,960,000,000
Strike 45300 has a total call value of 10,852,950,000 versus a total put value of 3,525,079,950,000 Combined total value = 3,535,932,900,000
Strike 45400 has a total call value of 12,541,500,000 versus a total put value of 3,323,919,150,000 Combined total value = 3,336,460,650,000
Strike 45500 has a total call value of 14,233,950,000 versus a total put value of 3,125,402,700,000 Combined total value = 3,139,636,650,000
Strike 45600 has a total call value of 20,650,350,000 versus a total put value of 2,932,836,600,000 Combined total value = 2,953,486,950,000
Strike 45700 has a total call value of 27,073,650,000 versus a total put value of 2,742,591,000,000 Combined total value = 2,769,664,650,000
Strike 45800 has a total call value of 33,506,850,000 versus a total put value of 2,555,349,900,000 Combined total value = 2,588,856,750,000
Strike 45900 has a total call value of 40,008,300,000 versus a total put value of 2,370,789,600,000 Combined total value = 2,410,797,900,000
Strike 46000 has a total call value of 46,563,150,000 versus a total put value of 2,189,886,900,000 Combined total value = 2,236,450,050,000
Strike 46100 has a total call value of 54,592,050,000 versus a total put value of 2,016,380,850,000 Combined total value = 2,070,972,900,000
Strike 46200 has a total call value of 63,533,100,000 versus a total put value of 1,846,461,150,000 Combined total value = 1,909,994,250,000
Strike 46300 has a total call value of 73,261,950,000 versus a total put value of 1,680,278,250,000 Combined total value = 1,753,540,200,000
Strike 46400 has a total call value of 84,272,850,000 versus a total put value of 1,517,449,350,000 Combined total value = 1,601,722,200,000
Strike 46500 has a total call value of 95,988,150,000 versus a total put value of 1,358,055,150,000 Combined total value = 1,454,043,300,000
Strike 46600 has a total call value of 109,880,700,000 versus a total put value of 1,207,664,400,000 Combined total value = 1,317,545,100,000
Strike 46700 has a total call value of 124,860,000,000 versus a total put value of 1,061,021,100,000 Combined total value = 1,185,881,100,000
Strike 46800 has a total call value of 149,187,600,000 versus a total put value of 928,253,250,000 Combined total value = 1,077,440,850,000
Strike 46900 has a total call value of 179,552,100,000 versus a total put value of 805,440,150,000 Combined total value = 984,992,250,000
Strike 47000 has a total call value of 214,863,300,000 versus a total put value of 690,582,450,000 Combined total value = 905,445,750,000
Strike 47100 has a total call value of 262,591,650,000 versus a total put value of 594,368,400,000 Combined total value = 856,960,050,000
Strike 47200 has a total call value of 315,114,900,000 versus a total put value of 504,636,300,000 Combined total value = 819,751,200,000
Strike 47300 has a total call value of 374,163,600,000 versus a total put value of 423,223,650,000 Combined total value = 797,387,250,000
Strike 47400 has a total call value of 443,700,750,000 versus a total put value of 350,264,550,000 Combined total value = 793,965,300,000
Strike 47500 has a total call value of 522,251,400,000 versus a total put value of 284,924,550,000 Combined total value = 807,175,950,000
Strike 47600 has a total call value of 620,937,300,000 versus a total put value of 231,271,050,000 Combined total value = 852,208,350,000
Strike 47700 has a total call value of 729,626,250,000 versus a total put value of 184,699,500,000 Combined total value = 914,325,750,000
Strike 47800 has a total call value of 844,240,650,000 versus a total put value of 140,922,900,000 Combined total value = 985,163,550,000
Strike 47900 has a total call value of 968,562,450,000 versus a total put value of 103,366,200,000 Combined total value = 1,071,928,650,000
Strike 48000 has a total call value of 1,101,321,150,000 versus a total put value of 70,195,800,000 Combined total value = 1,171,516,950,000
Strike 48100 has a total call value of 1,252,392,450,000 versus a total put value of 47,128,500,000 Combined total value = 1,299,520,950,000
Strike 48200 has a total call value of 1,416,774,900,000 versus a total put value of 34,585,500,000 Combined total value = 1,451,360,400,000
Strike 48300 has a total call value of 1,587,450,150,000 versus a total put value of 24,681,150,000 Combined total value = 1,612,131,300,000
Strike 48400 has a total call value of 1,764,630,600,000 versus a total put value of 16,938,900,000 Combined total value = 1,781,569,500,000
Strike 48500 has a total call value of 1,946,154,900,000 versus a total put value of 11,325,750,000 Combined total value = 1,957,480,650,000
Strike 48600 has a total call value of 2,136,932,700,000 versus a total put value of 10,402,500,000 Combined total value = 2,147,335,200,000
Strike 48700 has a total call value of 2,330,611,050,000 versus a total put value of 9,482,550,000 Combined total value = 2,340,093,600,000
Strike 48800 has a total call value of 2,527,524,750,000 versus a total put value of 8,568,450,000 Combined total value = 2,536,093,200,000
Strike 48900 has a total call value of 2,728,016,250,000 versus a total put value of 7,655,250,000 Combined total value = 2,735,671,500,000
Strike 49000 has a total call value of 2,931,895,500,000 versus a total put value of 6,743,850,000 Combined total value = 2,938,639,350,000
Strike 49100 has a total call value of 3,146,254,950,000 versus a total put value of 6,056,400,000 Combined total value = 3,152,311,350,000
Strike 49200 has a total call value of 3,362,931,300,000 versus a total put value of 5,369,250,000 Combined total value = 3,368,300,550,000
Strike 49300 has a total call value of 3,586,283,100,000 versus a total put value of 4,682,700,000 Combined total value = 3,590,965,800,000
Strike 49400 has a total call value of 3,811,479,450,000 versus a total put value of 3,997,050,000 Combined total value = 3,815,476,500,000
Strike 49500 has a total call value of 4,038,894,600,000 versus a total put value of 3,312,300,000 Combined total value = 4,042,206,900,000
Strike 49600 has a total call value of 4,273,766,100,000 versus a total put value of 2,650,050,000 Combined total value = 4,276,416,150,000
Strike 49700 has a total call value of 4,510,107,150,000 versus a total put value of 1,987,950,000 Combined total value = 4,512,095,100,000
Strike 49800 has a total call value of 4,749,246,150,000 versus a total put value of 1,325,850,000 Combined total value = 4,750,572,000,000
Strike 49900 has a total call value of 4,989,505,500,000 versus a total put value of 663,750,000 Combined total value = 4,990,169,250,000
Strike 50000 has a total call value of 5,230,878,150,000 versus a total put value of 2,250,000 Combined total value = 5,230,880,400,000
Strike 50100 has a total call value of 5,483,551,050,000 versus a total put value of 1,800,000 Combined total value = 5,483,552,850,000
Strike 50200 has a total call value of 5,737,059,000,000 versus a total put value of 1,350,000 Combined total value = 5,737,060,350,000
Strike 50300 has a total call value of 5,991,077,400,000 versus a total put value of 900,000 Combined total value = 5,991,078,300,000
Strike 50400 has a total call value of 6,245,657,400,000 versus a total put value of 450,000 Combined total value = 6,245,657,850,000
Strike 50500 has a total call value of 6,500,715,150,000 versus a total put value of 0 Combined total value = 6,500,715,150,000
Strike 50600 has a total call value of 6,757,595,550,000 versus a total put value of 0 Combined total value = 6,757,595,550,000
Strike 50700 has a total call value of 7,014,567,000,000 versus a total put value of 0 Combined total value = 7,014,567,000,000
Strike 50800 has a total call value of 7,271,652,450,000 versus a total put value of 0 Combined total value = 7,271,652,450,000
Strike 50900 has a total call value of 7,528,823,250,000 versus a total put value of 0 Combined total value = 7,528,823,250,000
Strike 51000 has a total call value of 7,786,082,250,000 versus a total put value of 0 Combined total value = 7,786,082,250,000
Strike 51100 has a total call value of 8,044,929,150,000 versus a total put value of 0 Combined total value = 8,044,929,150,000
Strike 51200 has a total call value of 8,303,776,050,000 versus a total put value of 0 Combined total value = 8,303,776,050,000
Strike 51300 has a total call value of 8,562,622,950,000 versus a total put value of 0 Combined total value = 8,562,622,950,000
Strike 51400 has a total call value of 8,821,469,850,000 versus a total put value of 0 Combined total value = 8,821,469,850,000
Strike 51500 has a total call value of 9,080,316,750,000 versus a total put value of 0 Combined total value = 9,080,316,750,000
Strike 51600 has a total call value of 9,339,876,450,000 versus a total put value of 0 Combined total value = 9,339,876,450,000
Strike 51700 has a total call value of 9,599,436,150,000 versus a total put value of 0 Combined total value = 9,599,436,150,000
Strike 51800 has a total call value of 9,858,995,850,000 versus a total put value of 0 Combined total value = 9,858,995,850,000
Strike 51900 has a total call value of 10,118,555,550,000 versus a total put value of 0 Combined total value = 10,118,555,550,000
Strike 52000 has a total call value of 10,378,115,250,000 versus a total put value of 0 Combined total value = 10,378,115,250,000
Strike 52100 has a total call value of 10,639,304,700,000 versus a total put value of 0 Combined total value = 10,639,304,700,000
Strike 52200 has a total call value of 10,900,494,150,000 versus a total put value of 0 Combined total value = 10,900,494,150,000
Strike 52300 has a total call value of 11,161,683,600,000 versus a total put value of 0 Combined total value = 11,161,683,600,000
Strike 52400 has a total call value of 11,422,873,050,000 versus a total put value of 0 Combined total value = 11,422,873,050,000
Strike 52500 has a total call value of 11,684,062,500,000 versus a total put value of 0 Combined total value = 11,684,062,500,000
Strike 52600 has a total call value of 11,945,348,550,000 versus a total put value of 0 Combined total value = 11,945,348,550,000
Strike 52700 has a total call value of 12,206,634,600,000 versus a total put value of 0 Combined total value = 12,206,634,600,000
Strike 52800 has a total call value of 12,467,920,650,000 versus a total put value of 0 Combined total value = 12,467,920,650,000
Strike 52900 has a total call value of 12,729,206,700,000 versus a total put value of 0 Combined total value = 12,729,206,700,000
Strike 53000 has a total call value of 12,990,492,750,000 versus a total put value of 0 Combined total value = 12,990,492,750,000
Strike 53100 has a total call value of 13,254,366,900,000 versus a total put value of 0 Combined total value = 13,254,366,900,000
Strike 53200 has a total call value of 13,518,241,050,000 versus a total put value of 0 Combined total value = 13,518,241,050,000
Strike 53300 has a total call value of 13,782,115,200,000 versus a total put value of 0 Combined total value = 13,782,115,200,000
Strike 53400 has a total call value of 14,045,989,350,000 versus a total put value of 0 Combined total value = 14,045,989,350,000
Strike 53500 has a total call value of 14,309,863,500,000 versus a total put value of 0 Combined total value = 14,309,863,500,000
Strike 53600 has a total call value of 14,573,825,400,000 versus a total put value of 0 Combined total value = 14,573,825,400,000
Strike 53700 has a total call value of 14,837,787,300,000 versus a total put value of 0 Combined total value = 14,837,787,300,000
Strike 53800 has a total call value of 15,101,749,200,000 versus a total put value of 0 Combined total value = 15,101,749,200,000
Strike 53900 has a total call value of 15,365,711,100,000 versus a total put value of 0 Combined total value = 15,365,711,100,000
Strike 54000 has a total call value of 15,629,673,000,000 versus a total put value of 0 Combined total value = 15,629,673,000,000
Strike 54500 has a total call value of 16,952,763,000,000 versus a total put value of 0 Combined total value = 16,952,763,000,000
Strike 55000 has a total call value of 18,276,411,000,000 versus a total put value of 0 Combined total value = 18,276,411,000,000
Strike 55500 has a total call value of 19,616,430,750,000 versus a total put value of 0 Combined total value = 19,616,430,750,000
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.