BANKNIFTY
Nifty Bank
Max pain for BANKNIFTY
14 Jan 2025 04:13 PM IST
Max Pain for BANKNIFTY is 50000
Strike 40500 has a total call value of 0 versus a total put value of 21,357,743,100,000 Combined total value = 21,357,743,100,000
Strike 40600 has a total call value of 0 versus a total put value of 21,065,974,050,000 Combined total value = 21,065,974,050,000
Strike 40700 has a total call value of 0 versus a total put value of 20,774,205,000,000 Combined total value = 20,774,205,000,000
Strike 40800 has a total call value of 0 versus a total put value of 20,482,435,950,000 Combined total value = 20,482,435,950,000
Strike 40900 has a total call value of 0 versus a total put value of 20,190,666,900,000 Combined total value = 20,190,666,900,000
Strike 41000 has a total call value of 0 versus a total put value of 19,898,897,850,000 Combined total value = 19,898,897,850,000
Strike 41100 has a total call value of 0 versus a total put value of 19,613,515,500,000 Combined total value = 19,613,515,500,000
Strike 41200 has a total call value of 0 versus a total put value of 19,328,133,150,000 Combined total value = 19,328,133,150,000
Strike 41300 has a total call value of 0 versus a total put value of 19,042,750,800,000 Combined total value = 19,042,750,800,000
Strike 41400 has a total call value of 0 versus a total put value of 18,757,368,450,000 Combined total value = 18,757,368,450,000
Strike 41500 has a total call value of 0 versus a total put value of 18,471,986,100,000 Combined total value = 18,471,986,100,000
Strike 41600 has a total call value of 0 versus a total put value of 18,188,209,650,000 Combined total value = 18,188,209,650,000
Strike 41700 has a total call value of 0 versus a total put value of 17,904,433,200,000 Combined total value = 17,904,433,200,000
Strike 41800 has a total call value of 0 versus a total put value of 17,620,656,750,000 Combined total value = 17,620,656,750,000
Strike 41900 has a total call value of 0 versus a total put value of 17,336,880,300,000 Combined total value = 17,336,880,300,000
Strike 42000 has a total call value of 0 versus a total put value of 17,053,103,850,000 Combined total value = 17,053,103,850,000
Strike 42100 has a total call value of 26,100,000 versus a total put value of 16,778,331,000,000 Combined total value = 16,778,357,100,000
Strike 42200 has a total call value of 52,200,000 versus a total put value of 16,503,558,150,000 Combined total value = 16,503,610,350,000
Strike 42300 has a total call value of 78,300,000 versus a total put value of 16,228,785,300,000 Combined total value = 16,228,863,600,000
Strike 42400 has a total call value of 104,400,000 versus a total put value of 15,954,012,450,000 Combined total value = 15,954,116,850,000
Strike 42500 has a total call value of 130,500,000 versus a total put value of 15,679,239,600,000 Combined total value = 15,679,370,100,000
Strike 42600 has a total call value of 156,600,000 versus a total put value of 15,416,024,250,000 Combined total value = 15,416,180,850,000
Strike 42700 has a total call value of 182,700,000 versus a total put value of 15,152,808,900,000 Combined total value = 15,152,991,600,000
Strike 42800 has a total call value of 208,800,000 versus a total put value of 14,889,593,550,000 Combined total value = 14,889,802,350,000
Strike 42900 has a total call value of 234,900,000 versus a total put value of 14,626,378,200,000 Combined total value = 14,626,613,100,000
Strike 43000 has a total call value of 261,000,000 versus a total put value of 14,363,162,850,000 Combined total value = 14,363,423,850,000
Strike 43100 has a total call value of 458,100,000 versus a total put value of 14,108,452,350,000 Combined total value = 14,108,910,450,000
Strike 43200 has a total call value of 655,200,000 versus a total put value of 13,853,741,850,000 Combined total value = 13,854,397,050,000
Strike 43300 has a total call value of 852,300,000 versus a total put value of 13,599,031,350,000 Combined total value = 13,599,883,650,000
Strike 43400 has a total call value of 1,049,400,000 versus a total put value of 13,344,320,850,000 Combined total value = 13,345,370,250,000
Strike 43500 has a total call value of 1,246,500,000 versus a total put value of 13,089,610,350,000 Combined total value = 13,090,856,850,000
Strike 43600 has a total call value of 1,443,600,000 versus a total put value of 12,841,628,100,000 Combined total value = 12,843,071,700,000
Strike 43700 has a total call value of 1,640,700,000 versus a total put value of 12,593,645,850,000 Combined total value = 12,595,286,550,000
Strike 43800 has a total call value of 1,837,800,000 versus a total put value of 12,345,663,600,000 Combined total value = 12,347,501,400,000
Strike 43900 has a total call value of 2,034,900,000 versus a total put value of 12,097,681,350,000 Combined total value = 12,099,716,250,000
Strike 44000 has a total call value of 2,232,000,000 versus a total put value of 11,849,699,100,000 Combined total value = 11,851,931,100,000
Strike 44100 has a total call value of 2,449,650,000 versus a total put value of 11,609,369,400,000 Combined total value = 11,611,819,050,000
Strike 44200 has a total call value of 2,667,300,000 versus a total put value of 11,369,039,700,000 Combined total value = 11,371,707,000,000
Strike 44300 has a total call value of 2,884,950,000 versus a total put value of 11,128,710,000,000 Combined total value = 11,131,594,950,000
Strike 44400 has a total call value of 3,102,600,000 versus a total put value of 10,888,380,300,000 Combined total value = 10,891,482,900,000
Strike 44500 has a total call value of 3,320,250,000 versus a total put value of 10,648,050,600,000 Combined total value = 10,651,370,850,000
Strike 44600 has a total call value of 3,537,900,000 versus a total put value of 10,412,833,800,000 Combined total value = 10,416,371,700,000
Strike 44700 has a total call value of 3,755,550,000 versus a total put value of 10,177,617,000,000 Combined total value = 10,181,372,550,000
Strike 44800 has a total call value of 3,973,200,000 versus a total put value of 9,942,400,200,000 Combined total value = 9,946,373,400,000
Strike 44900 has a total call value of 4,190,850,000 versus a total put value of 9,707,183,400,000 Combined total value = 9,711,374,250,000
Strike 45000 has a total call value of 4,408,500,000 versus a total put value of 9,471,966,600,000 Combined total value = 9,476,375,100,000
Strike 45100 has a total call value of 4,972,500,000 versus a total put value of 9,251,785,350,000 Combined total value = 9,256,757,850,000
Strike 45200 has a total call value of 5,536,500,000 versus a total put value of 9,031,939,950,000 Combined total value = 9,037,476,450,000
Strike 45300 has a total call value of 6,100,500,000 versus a total put value of 8,812,339,350,000 Combined total value = 8,818,439,850,000
Strike 45400 has a total call value of 6,664,500,000 versus a total put value of 8,592,926,250,000 Combined total value = 8,599,590,750,000
Strike 45500 has a total call value of 7,228,500,000 versus a total put value of 8,373,698,400,000 Combined total value = 8,380,926,900,000
Strike 45600 has a total call value of 7,792,500,000 versus a total put value of 8,161,085,700,000 Combined total value = 8,168,878,200,000
Strike 45700 has a total call value of 8,356,500,000 versus a total put value of 7,948,680,900,000 Combined total value = 7,957,037,400,000
Strike 45800 has a total call value of 8,920,950,000 versus a total put value of 7,737,079,500,000 Combined total value = 7,746,000,450,000
Strike 45900 has a total call value of 9,485,400,000 versus a total put value of 7,525,895,850,000 Combined total value = 7,535,381,250,000
Strike 46000 has a total call value of 10,049,850,000 versus a total put value of 7,315,908,300,000 Combined total value = 7,325,958,150,000
Strike 46100 has a total call value of 10,848,900,000 versus a total put value of 7,118,951,100,000 Combined total value = 7,129,800,000,000
Strike 46200 has a total call value of 11,647,950,000 versus a total put value of 6,923,552,700,000 Combined total value = 6,935,200,650,000
Strike 46300 has a total call value of 12,447,000,000 versus a total put value of 6,728,761,800,000 Combined total value = 6,741,208,800,000
Strike 46400 has a total call value of 13,246,050,000 versus a total put value of 6,534,655,650,000 Combined total value = 6,547,901,700,000
Strike 46500 has a total call value of 14,045,100,000 versus a total put value of 6,341,270,850,000 Combined total value = 6,355,315,950,000
Strike 46600 has a total call value of 14,887,800,000 versus a total put value of 6,154,939,950,000 Combined total value = 6,169,827,750,000
Strike 46700 has a total call value of 15,730,500,000 versus a total put value of 5,969,434,050,000 Combined total value = 5,985,164,550,000
Strike 46800 has a total call value of 16,573,200,000 versus a total put value of 5,785,231,800,000 Combined total value = 5,801,805,000,000
Strike 46900 has a total call value of 17,442,150,000 versus a total put value of 5,602,495,050,000 Combined total value = 5,619,937,200,000
Strike 47000 has a total call value of 18,366,000,000 versus a total put value of 5,420,899,800,000 Combined total value = 5,439,265,800,000
Strike 47100 has a total call value of 20,818,950,000 versus a total put value of 5,251,889,700,000 Combined total value = 5,272,708,650,000
Strike 47200 has a total call value of 23,284,200,000 versus a total put value of 5,083,771,200,000 Combined total value = 5,107,055,400,000
Strike 47300 has a total call value of 25,787,850,000 versus a total put value of 4,917,062,250,000 Combined total value = 4,942,850,100,000
Strike 47400 has a total call value of 28,321,050,000 versus a total put value of 4,751,364,750,000 Combined total value = 4,779,685,800,000
Strike 47500 has a total call value of 30,902,550,000 versus a total put value of 4,586,803,950,000 Combined total value = 4,617,706,500,000
Strike 47600 has a total call value of 34,407,900,000 versus a total put value of 4,428,947,250,000 Combined total value = 4,463,355,150,000
Strike 47700 has a total call value of 37,999,500,000 versus a total put value of 4,272,211,500,000 Combined total value = 4,310,211,000,000
Strike 47800 has a total call value of 41,802,150,000 versus a total put value of 4,116,610,800,000 Combined total value = 4,158,412,950,000
Strike 47900 has a total call value of 45,896,850,000 versus a total put value of 3,962,319,150,000 Combined total value = 4,008,216,000,000
Strike 48000 has a total call value of 50,269,500,000 versus a total put value of 3,809,477,400,000 Combined total value = 3,859,746,900,000
Strike 48100 has a total call value of 59,228,850,000 versus a total put value of 3,670,184,400,000 Combined total value = 3,729,413,250,000
Strike 48200 has a total call value of 69,134,250,000 versus a total put value of 3,532,953,750,000 Combined total value = 3,602,088,000,000
Strike 48300 has a total call value of 80,833,200,000 versus a total put value of 3,398,378,850,000 Combined total value = 3,479,212,050,000
Strike 48400 has a total call value of 94,403,550,000 versus a total put value of 3,266,670,300,000 Combined total value = 3,361,073,850,000
Strike 48500 has a total call value of 110,254,200,000 versus a total put value of 3,137,981,850,000 Combined total value = 3,248,236,050,000
Strike 48600 has a total call value of 131,159,850,000 versus a total put value of 3,018,537,000,000 Combined total value = 3,149,696,850,000
Strike 48700 has a total call value of 154,678,350,000 versus a total put value of 2,902,668,900,000 Combined total value = 3,057,347,250,000
Strike 48800 has a total call value of 180,711,750,000 versus a total put value of 2,789,970,600,000 Combined total value = 2,970,682,350,000
Strike 48900 has a total call value of 209,513,850,000 versus a total put value of 2,679,879,300,000 Combined total value = 2,889,393,150,000
Strike 49000 has a total call value of 240,506,550,000 versus a total put value of 2,571,356,100,000 Combined total value = 2,811,862,650,000
Strike 49100 has a total call value of 282,871,050,000 versus a total put value of 2,473,497,750,000 Combined total value = 2,756,368,800,000
Strike 49200 has a total call value of 327,426,300,000 versus a total put value of 2,376,647,250,000 Combined total value = 2,704,073,550,000
Strike 49300 has a total call value of 374,376,750,000 versus a total put value of 2,280,981,150,000 Combined total value = 2,655,357,900,000
Strike 49400 has a total call value of 422,983,200,000 versus a total put value of 2,185,931,850,000 Combined total value = 2,608,915,050,000
Strike 49500 has a total call value of 473,460,450,000 versus a total put value of 2,091,522,900,000 Combined total value = 2,564,983,350,000
Strike 49600 has a total call value of 533,086,500,000 versus a total put value of 2,001,439,350,000 Combined total value = 2,534,525,850,000
Strike 49700 has a total call value of 594,735,600,000 versus a total put value of 1,912,240,200,000 Combined total value = 2,506,975,800,000
Strike 49800 has a total call value of 658,708,800,000 versus a total put value of 1,824,570,600,000 Combined total value = 2,483,279,400,000
Strike 49900 has a total call value of 725,139,750,000 versus a total put value of 1,738,127,550,000 Combined total value = 2,463,267,300,000
Strike 50000 has a total call value of 793,378,350,000 versus a total put value of 1,652,760,000,000 Combined total value = 2,446,138,350,000
Strike 50100 has a total call value of 879,465,750,000 versus a total put value of 1,576,497,000,000 Combined total value = 2,455,962,750,000
Strike 50200 has a total call value of 968,214,750,000 versus a total put value of 1,501,151,400,000 Combined total value = 2,469,366,150,000
Strike 50300 has a total call value of 1,059,877,650,000 versus a total put value of 1,426,844,400,000 Combined total value = 2,486,722,050,000
Strike 50400 has a total call value of 1,153,356,900,000 versus a total put value of 1,353,102,900,000 Combined total value = 2,506,459,800,000
Strike 50500 has a total call value of 1,249,207,050,000 versus a total put value of 1,280,160,150,000 Combined total value = 2,529,367,200,000
Strike 50600 has a total call value of 1,354,699,950,000 versus a total put value of 1,211,449,800,000 Combined total value = 2,566,149,750,000
Strike 50700 has a total call value of 1,462,575,150,000 versus a total put value of 1,143,459,150,000 Combined total value = 2,606,034,300,000
Strike 50800 has a total call value of 1,572,685,350,000 versus a total put value of 1,076,118,750,000 Combined total value = 2,648,804,100,000
Strike 50900 has a total call value of 1,685,685,450,000 versus a total put value of 1,009,726,500,000 Combined total value = 2,695,411,950,000
Strike 51000 has a total call value of 1,801,287,000,000 versus a total put value of 944,415,150,000 Combined total value = 2,745,702,150,000
Strike 51100 has a total call value of 1,936,825,650,000 versus a total put value of 888,083,250,000 Combined total value = 2,824,908,900,000
Strike 51200 has a total call value of 2,074,964,550,000 versus a total put value of 833,153,400,000 Combined total value = 2,908,117,950,000
Strike 51300 has a total call value of 2,216,871,000,000 versus a total put value of 780,014,400,000 Combined total value = 2,996,885,400,000
Strike 51400 has a total call value of 2,362,765,800,000 versus a total put value of 729,047,700,000 Combined total value = 3,091,813,500,000
Strike 51500 has a total call value of 2,511,628,950,000 versus a total put value of 679,651,950,000 Combined total value = 3,191,280,900,000
Strike 51600 has a total call value of 2,678,187,000,000 versus a total put value of 639,013,350,000 Combined total value = 3,317,200,350,000
Strike 51700 has a total call value of 2,849,201,400,000 versus a total put value of 600,228,150,000 Combined total value = 3,449,429,550,000
Strike 51800 has a total call value of 3,024,496,950,000 versus a total put value of 563,560,650,000 Combined total value = 3,588,057,600,000
Strike 51900 has a total call value of 3,203,030,250,000 versus a total put value of 528,968,850,000 Combined total value = 3,731,999,100,000
Strike 52000 has a total call value of 3,383,809,200,000 versus a total put value of 495,273,600,000 Combined total value = 3,879,082,800,000
Strike 52100 has a total call value of 3,590,714,850,000 versus a total put value of 468,021,900,000 Combined total value = 4,058,736,750,000
Strike 52200 has a total call value of 3,799,855,800,000 versus a total put value of 441,485,100,000 Combined total value = 4,241,340,900,000
Strike 52300 has a total call value of 4,011,716,100,000 versus a total put value of 415,437,750,000 Combined total value = 4,427,153,850,000
Strike 52400 has a total call value of 4,226,011,050,000 versus a total put value of 390,116,850,000 Combined total value = 4,616,127,900,000
Strike 52500 has a total call value of 4,442,310,150,000 versus a total put value of 365,372,400,000 Combined total value = 4,807,682,550,000
Strike 52600 has a total call value of 4,675,418,250,000 versus a total put value of 343,863,300,000 Combined total value = 5,019,281,550,000
Strike 52700 has a total call value of 4,911,400,650,000 versus a total put value of 322,878,000,000 Combined total value = 5,234,278,650,000
Strike 52800 has a total call value of 5,151,015,900,000 versus a total put value of 302,379,450,000 Combined total value = 5,453,395,350,000
Strike 52900 has a total call value of 5,394,886,350,000 versus a total put value of 282,376,350,000 Combined total value = 5,677,262,700,000
Strike 53000 has a total call value of 5,641,313,100,000 versus a total put value of 262,697,250,000 Combined total value = 5,904,010,350,000
Strike 53100 has a total call value of 5,912,296,350,000 versus a total put value of 247,507,650,000 Combined total value = 6,159,804,000,000
Strike 53200 has a total call value of 6,185,267,700,000 versus a total put value of 232,574,400,000 Combined total value = 6,417,842,100,000
Strike 53300 has a total call value of 6,460,650,150,000 versus a total put value of 218,072,400,000 Combined total value = 6,678,722,550,000
Strike 53400 has a total call value of 6,738,333,600,000 versus a total put value of 203,901,000,000 Combined total value = 6,942,234,600,000
Strike 53500 has a total call value of 7,018,191,150,000 versus a total put value of 189,989,400,000 Combined total value = 7,208,180,550,000
Strike 53600 has a total call value of 7,310,905,050,000 versus a total put value of 178,095,600,000 Combined total value = 7,489,000,650,000
Strike 53700 has a total call value of 7,605,181,050,000 versus a total put value of 166,607,400,000 Combined total value = 7,771,788,450,000
Strike 53800 has a total call value of 7,900,943,850,000 versus a total put value of 155,119,200,000 Combined total value = 8,056,063,050,000
Strike 53900 has a total call value of 8,198,300,850,000 versus a total put value of 143,877,300,000 Combined total value = 8,342,178,150,000
Strike 54000 has a total call value of 8,497,839,300,000 versus a total put value of 132,635,400,000 Combined total value = 8,630,474,700,000
Strike 54100 has a total call value of 8,816,753,850,000 versus a total put value of 123,865,650,000 Combined total value = 8,940,619,500,000
Strike 54200 has a total call value of 9,136,609,500,000 versus a total put value of 115,095,900,000 Combined total value = 9,251,705,400,000
Strike 54300 has a total call value of 9,457,467,000,000 versus a total put value of 106,500,300,000 Combined total value = 9,563,967,300,000
Strike 54400 has a total call value of 9,779,262,600,000 versus a total put value of 98,128,650,000 Combined total value = 9,877,391,250,000
Strike 54500 has a total call value of 10,102,066,350,000 versus a total put value of 90,006,450,000 Combined total value = 10,192,072,800,000
Strike 54600 has a total call value of 10,431,610,500,000 versus a total put value of 83,149,200,000 Combined total value = 10,514,759,700,000
Strike 54700 has a total call value of 10,762,303,050,000 versus a total put value of 76,291,950,000 Combined total value = 10,838,595,000,000
Strike 54800 has a total call value of 11,094,112,200,000 versus a total put value of 69,518,550,000 Combined total value = 11,163,630,750,000
Strike 54900 has a total call value of 11,426,785,800,000 versus a total put value of 62,745,150,000 Combined total value = 11,489,530,950,000
Strike 55000 has a total call value of 11,760,872,550,000 versus a total put value of 55,971,750,000 Combined total value = 11,816,844,300,000
Strike 55100 has a total call value of 12,113,557,500,000 versus a total put value of 54,052,650,000 Combined total value = 12,167,610,150,000
Strike 55200 has a total call value of 12,467,304,000,000 versus a total put value of 52,133,550,000 Combined total value = 12,519,437,550,000
Strike 55300 has a total call value of 12,822,247,800,000 versus a total put value of 50,214,450,000 Combined total value = 12,872,462,250,000
Strike 55400 has a total call value of 13,177,932,600,000 versus a total put value of 48,295,350,000 Combined total value = 13,226,227,950,000
Strike 55500 has a total call value of 13,534,322,550,000 versus a total put value of 46,376,250,000 Combined total value = 13,580,698,800,000
Strike 55600 has a total call value of 13,895,818,050,000 versus a total put value of 44,751,900,000 Combined total value = 13,940,569,950,000
Strike 55700 has a total call value of 14,258,028,450,000 versus a total put value of 43,127,550,000 Combined total value = 14,301,156,000,000
Strike 55800 has a total call value of 14,621,004,000,000 versus a total put value of 41,503,200,000 Combined total value = 14,662,507,200,000
Strike 55900 has a total call value of 14,985,141,900,000 versus a total put value of 39,878,850,000 Combined total value = 15,025,020,750,000
Strike 56000 has a total call value of 15,350,017,500,000 versus a total put value of 38,254,500,000 Combined total value = 15,388,272,000,000
Strike 56100 has a total call value of 15,726,249,600,000 versus a total put value of 37,073,400,000 Combined total value = 15,763,323,000,000
Strike 56200 has a total call value of 16,103,083,500,000 versus a total put value of 35,892,300,000 Combined total value = 16,138,975,800,000
Strike 56300 has a total call value of 16,480,483,950,000 versus a total put value of 34,711,200,000 Combined total value = 16,515,195,150,000
Strike 56400 has a total call value of 16,858,542,750,000 versus a total put value of 33,530,100,000 Combined total value = 16,892,072,850,000
Strike 56500 has a total call value of 17,237,281,350,000 versus a total put value of 32,349,000,000 Combined total value = 17,269,630,350,000
Strike 56600 has a total call value of 17,619,835,950,000 versus a total put value of 31,191,000,000 Combined total value = 17,651,026,950,000
Strike 56700 has a total call value of 18,003,568,200,000 versus a total put value of 30,033,000,000 Combined total value = 18,033,601,200,000
Strike 56800 has a total call value of 18,387,300,450,000 versus a total put value of 28,875,000,000 Combined total value = 18,416,175,450,000
Strike 56900 has a total call value of 18,771,032,700,000 versus a total put value of 27,717,000,000 Combined total value = 18,798,749,700,000
Strike 57000 has a total call value of 19,154,764,950,000 versus a total put value of 26,559,000,000 Combined total value = 19,181,323,950,000
Strike 57100 has a total call value of 19,550,624,250,000 versus a total put value of 25,562,550,000 Combined total value = 19,576,186,800,000
Strike 57200 has a total call value of 19,946,483,550,000 versus a total put value of 24,566,100,000 Combined total value = 19,971,049,650,000
Strike 57300 has a total call value of 20,342,342,850,000 versus a total put value of 23,569,650,000 Combined total value = 20,365,912,500,000
Strike 57400 has a total call value of 20,738,202,150,000 versus a total put value of 22,573,200,000 Combined total value = 20,760,775,350,000
Strike 57500 has a total call value of 21,134,061,450,000 versus a total put value of 21,576,750,000 Combined total value = 21,155,638,200,000
Strike 57600 has a total call value of 21,534,347,100,000 versus a total put value of 20,580,300,000 Combined total value = 21,554,927,400,000
Strike 57700 has a total call value of 21,934,632,750,000 versus a total put value of 19,583,850,000 Combined total value = 21,954,216,600,000
Strike 57800 has a total call value of 22,334,918,400,000 versus a total put value of 18,587,400,000 Combined total value = 22,353,505,800,000
Strike 57900 has a total call value of 22,735,204,050,000 versus a total put value of 17,590,950,000 Combined total value = 22,752,795,000,000
Strike 58000 has a total call value of 23,135,489,700,000 versus a total put value of 16,594,500,000 Combined total value = 23,152,084,200,000
Strike 58100 has a total call value of 23,541,860,850,000 versus a total put value of 15,782,550,000 Combined total value = 23,557,643,400,000
Strike 58200 has a total call value of 23,948,232,000,000 versus a total put value of 14,970,600,000 Combined total value = 23,963,202,600,000
Strike 58300 has a total call value of 24,354,603,150,000 versus a total put value of 14,158,650,000 Combined total value = 24,368,761,800,000
Strike 58400 has a total call value of 24,760,974,300,000 versus a total put value of 13,346,700,000 Combined total value = 24,774,321,000,000
Strike 58500 has a total call value of 25,167,345,450,000 versus a total put value of 12,534,750,000 Combined total value = 25,179,880,200,000
Strike 58600 has a total call value of 25,578,676,950,000 versus a total put value of 11,722,800,000 Combined total value = 25,590,399,750,000
Strike 58700 has a total call value of 25,990,008,450,000 versus a total put value of 10,910,850,000 Combined total value = 26,000,919,300,000
Strike 58800 has a total call value of 26,401,339,950,000 versus a total put value of 10,098,900,000 Combined total value = 26,411,438,850,000
Strike 58900 has a total call value of 26,812,671,450,000 versus a total put value of 9,286,950,000 Combined total value = 26,821,958,400,000
Strike 59000 has a total call value of 27,224,002,950,000 versus a total put value of 8,475,000,000 Combined total value = 27,232,477,950,000
Strike 59100 has a total call value of 27,645,962,700,000 versus a total put value of 7,663,050,000 Combined total value = 27,653,625,750,000
Strike 59200 has a total call value of 28,067,922,450,000 versus a total put value of 6,851,100,000 Combined total value = 28,074,773,550,000
Strike 59300 has a total call value of 28,489,882,200,000 versus a total put value of 6,039,150,000 Combined total value = 28,495,921,350,000
Strike 59400 has a total call value of 28,911,841,950,000 versus a total put value of 5,227,200,000 Combined total value = 28,917,069,150,000
Strike 59500 has a total call value of 29,333,801,700,000 versus a total put value of 4,415,250,000 Combined total value = 29,338,216,950,000
Strike 59600 has a total call value of 29,761,971,900,000 versus a total put value of 3,603,300,000 Combined total value = 29,765,575,200,000
Strike 59700 has a total call value of 30,190,142,100,000 versus a total put value of 2,791,350,000 Combined total value = 30,192,933,450,000
Strike 59800 has a total call value of 30,618,312,300,000 versus a total put value of 1,979,400,000 Combined total value = 30,620,291,700,000
Strike 59900 has a total call value of 31,046,482,500,000 versus a total put value of 1,167,450,000 Combined total value = 31,047,649,950,000
Strike 60000 has a total call value of 31,474,652,700,000 versus a total put value of 355,500,000 Combined total value = 31,475,008,200,000
Strike 60100 has a total call value of 31,922,986,350,000 versus a total put value of 319,950,000 Combined total value = 31,923,306,300,000
Strike 60200 has a total call value of 32,371,320,000,000 versus a total put value of 284,400,000 Combined total value = 32,371,604,400,000
Strike 60300 has a total call value of 32,819,653,650,000 versus a total put value of 248,850,000 Combined total value = 32,819,902,500,000
Strike 60400 has a total call value of 33,267,987,300,000 versus a total put value of 213,300,000 Combined total value = 33,268,200,600,000
Strike 60500 has a total call value of 33,716,320,950,000 versus a total put value of 177,750,000 Combined total value = 33,716,498,700,000
Strike 60600 has a total call value of 34,174,813,650,000 versus a total put value of 142,200,000 Combined total value = 34,174,955,850,000
Strike 60700 has a total call value of 34,633,306,350,000 versus a total put value of 106,650,000 Combined total value = 34,633,413,000,000
Strike 60800 has a total call value of 35,091,799,050,000 versus a total put value of 71,100,000 Combined total value = 35,091,870,150,000
Strike 60900 has a total call value of 35,550,291,750,000 versus a total put value of 35,550,000 Combined total value = 35,550,327,300,000
Strike 61000 has a total call value of 36,008,784,450,000 versus a total put value of 0 Combined total value = 36,008,784,450,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 409.35 | 420 |
| ABB | 6146.6 | 6600 |
| ABBOTINDIA | 28235.55 | 29000 |
| ABCAPITAL | 174.37 | 182.5 |
| ABFRL | 270.1 | 280 |
| ACC | 1946.25 | 2080 |
| ADANIENSOL | 771.3 | 780 |
| ADANIENT | 2380.55 | 2500 |
| ADANIGREEN | 1006.85 | 1000 |
| ADANIPORTS | 1117.1 | 1180 |
| ALKEM | 5264.8 | 5450 |
| AMBUJACEM | 515.35 | 550 |
| ANGELONE | 2370.55 | 2500 |
| APLAPOLLO | 1466.9 | 1520 |
| APOLLOHOSP | 6706.85 | 7050 |
| APOLLOTYRE | 452.8 | 470 |
| ASHOKLEY | 210.05 | 220 |
| ASIANPAINT | 2239.95 | 2300 |
| ASTRAL | 1493.5 | 1600 |
| ATGL | 669.8 | 670 |
| ATUL | 6736.9 | 6900 |
| AUBANK | 575.1 | 565 |
| AUROPHARMA | 1174.5 | 1220 |
| AXISBANK | 1051.65 | 1080 |
| BAJAJ-AUTO | 8611.2 | 8900 |
| BAJAJFINSV | 1713.5 | 1660 |
| BAJFINANCE | 7335 | 7200 |
| BALKRISIND | 2705.35 | 2800 |
| BANDHANBNK | 147.94 | 160 |
| BANKBARODA | 223.72 | 240 |
| BANKINDIA | 94.62 | 98 |
| BATAINDIA | 1343.55 | 1380 |
| BEL | 269.9 | 280 |
| BERGEPAINT | 462.45 | 460 |
| BHARATFORG | 1190.4 | 1260 |
| BHARTIARTL | 1600.1 | 1600 |
| BHEL | 197.1 | 220 |
| BIOCON | 387.65 | 375 |
| BOSCHLTD | 31621.7 | 33000 |
| BPCL | 270.2 | 280 |
| BRITANNIA | 4862.4 | 4850 |
| BSE | 5448.85 | 5300 |
| BSOFT | 532.9 | 560 |
| CAMS | 4219.6 | 4600 |
| CANBK | 93.22 | 98 |
| CANFINHOME | 670.8 | 700 |
| CDSL | 1572.5 | 1700 |
| CESC | 153.69 | 160 |
| CGPOWER | 640.15 | 670 |
| CHAMBLFERT | 475.05 | 490 |
| CHOLAFIN | 1270.7 | 1260 |
| CIPLA | 1447.75 | 1500 |
| COALINDIA | 369.25 | 385 |
| COFORGE | 8592.4 | 9000 |
| COLPAL | 2713.3 | 2780 |
| CONCOR | 761.75 | 780 |
| COROMANDEL | 1835.3 | 1880 |
| CROMPTON | 357.2 | 370 |
| CUB | 167.4 | 170 |
| CUMMINSIND | 2940.95 | 3150 |
| CYIENT | 1713.45 | 1720 |
| DABUR | 512.5 | 515 |
| DALBHARAT | 1729 | 1740 |
| DEEPAKNTR | 2340.85 | 2450 |
| DELHIVERY | 324 | 335 |
| DIVISLAB | 5990.3 | 5900 |
| DIXON | 16274.9 | 17000 |
| DLF | 723.25 | 770 |
| DMART | 3476.5 | 3700 |
| DRREDDY | 1337.55 | 1350 |
| EICHERMOT | 5029.55 | 5000 |
| ESCORTS | 3439 | 3300 |
| EXIDEIND | 382.25 | 410 |
| FEDERALBNK | 192.56 | 197.5 |
| GAIL | 175.96 | 190 |
| GLENMARK | 1515.95 | 1560 |
| GMRAIRPORT | 72.2 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 535.15 | 550 |
| GODREJCP | 1140.45 | 1140 |
| GODREJPROP | 2307.95 | 2500 |
| GRANULES | 583.75 | 590 |
| GRASIM | 2310.6 | 2480 |
| GUJGASLTD | 487.05 | 495 |
| HAL | 3828.35 | 4100 |
| HAVELLS | 1525 | 1600 |
| HCLTECH | 1813.55 | 1840 |
| HDFCAMC | 3865.05 | 3900 |
| HDFCBANK | 1646.6 | 1700 |
| HDFCLIFE | 600.45 | 620 |
| HEROMOTOCO | 4102.65 | 4200 |
| HFCL | 98.07 | 105 |
| HINDALCO | 590.9 | 600 |
| HINDCOPPER | 226.08 | 250 |
| HINDPETRO | 373.25 | 390 |
| HINDUNILVR | 2367.95 | 2400 |
| HUDCO | 214.29 | 220 |
| ICICIBANK | 1240.3 | 1270 |
| ICICIGI | 1831.2 | 1860 |
| ICICIPRULI | 642.15 | 660 |
| IDEA | 8.25 | 8 |
| IDFCFIRSTB | 61.94 | 63 |
| IEX | 166.83 | 177.5 |
| IGL | 411.25 | 410 |
| INDHOTEL | 781.4 | 800 |
| INDIAMART | 2254.7 | 2300 |
| INDIANB | 505.8 | 520 |
| INDIGO | 3995 | 4300 |
| INDUSINDBK | 962.1 | 980 |
| INDUSTOWER | 340.3 | 340 |
| INFY | 1940.05 | 1940 |
| IOC | 126.63 | 135 |
| IPCALAB | 1588.15 | 1640 |
| IRB | 51.27 | 55 |
| IRCTC | 757.75 | 790 |
| IRFC | 135.55 | 135 |
| ITC | 436.6 | 445 |
| JINDALSTEL | 909.9 | 940 |
| JIOFIN | 272.85 | 285 |
| JKCEMENT | 4388.55 | 4500 |
| JSL | 625.45 | 630 |
| JSWENERGY | 547.85 | 570 |
| JSWSTEEL | 906.05 | 920 |
| JUBLFOOD | 708.9 | 730 |
| KALYANKJIL | 596.4 | 640 |
| KEI | 4020.3 | 4200 |
| KOTAKBANK | 1750.6 | 1800 |
| KPITTECH | 1323.95 | 1400 |
| LALPATHLAB | 2803.05 | 2950 |
| LAURUSLABS | 568 | 590 |
| LICHSGFIN | 552.4 | 590 |
| LICI | 825.4 | 860 |
| LODHA | 1144.15 | 1260 |
| LT | 3462.6 | 3600 |
| LTF | 133.73 | 137.5 |
| LTIM | 5751.9 | 5800 |
| LTTS | 4706.55 | 4800 |
| LUPIN | 2154.6 | 2240 |
| M&M | 3049.5 | 3100 |
| M&MFIN | 266.8 | 270 |
| MANAPPURAM | 178.71 | 190 |
| MARICO | 661.1 | 660 |
| MARUTI | 11741.15 | 11600 |
| MAXHEALTH | 1084.9 | 1140 |
| MCX | 5694.05 | 6000 |
| METROPOLIS | 1872.05 | 2000 |
| MFSL | 1051.4 | 1100 |
| MGL | 1269.65 | 1280 |
| MOTHERSON | 145.58 | 155 |
| MPHASIS | 2780.25 | 2900 |
| MRF | 114213.4 | 118000 |
| MUTHOOTFIN | 2123.85 | 2140 |
| NATIONALUM | 199.51 | 210 |
| NAUKRI | 7457.75 | 8000 |
| NAVINFLUOR | 3631.85 | 3650 |
| NCC | 246.5 | 260 |
| NESTLEIND | 2219.05 | 2200 |
| NHPC | 76.39 | 78 |
| NMDC | 63.36 | 67 |
| NTPC | 310.4 | 320 |
| NYKAA | 164.93 | 167.5 |
| OBEROIRLTY | 1975.25 | 2120 |
| OFSS | 10747.1 | 11500 |
| OIL | 465.15 | 460 |
| ONGC | 260.37 | 257.5 |
| PAGEIND | 46471.5 | 47000 |
| PAYTM | 817.9 | 860 |
| PEL | 1026.05 | 1080 |
| PERSISTENT | 5880.1 | 6200 |
| PETRONET | 325.5 | 335 |
| PFC | 417.4 | 440 |
| PIDILITIND | 2808.95 | 2900 |
| PIIND | 3463.2 | 3600 |
| PNB | 98.41 | 102 |
| POLICYBZR | 1743.85 | 1850 |
| POLYCAB | 6474.7 | 6800 |
| POONAWALLA | 308.85 | 315 |
| POWERGRID | 290.25 | 305 |
| PRESTIGE | 1426.3 | 1550 |
| PVRINOX | 1086.25 | 1180 |
| RAMCOCEM | 884.1 | 930 |
| RBLBANK | 153.92 | 160 |
| RECLTD | 476.15 | 500 |
| RELIANCE | 1238.75 | 1250 |
| SAIL | 105.88 | 112.5 |
| SBICARD | 734.7 | 730 |
| SBILIFE | 1499.25 | 1440 |
| SBIN | 748.15 | 780 |
| SHREECEM | 25130.2 | 25750 |
| SHRIRAMFIN | 544.1 | 570 |
| SIEMENS | 5863.45 | 6200 |
| SJVN | 94.04 | 100 |
| SONACOMS | 569.9 | 580 |
| SRF | 2509.75 | 2560 |
| SUNPHARMA | 1770.85 | 1820 |
| SUNTV | 658 | 680 |
| SUPREMEIND | 4366.05 | 4500 |
| SYNGENE | 827.5 | 850 |
| TATACHEM | 965.5 | 1020 |
| TATACOMM | 1676.9 | 1740 |
| TATACONSUM | 963.15 | 950 |
| TATAELXSI | 6084.8 | 6200 |
| TATAMOTORS | 770.5 | 780 |
| TATAPOWER | 356.95 | 380 |
| TATASTEEL | 126.93 | 135 |
| TCS | 4233.05 | 4200 |
| TECHM | 1647.5 | 1680 |
| TIINDIA | 3321.3 | 3500 |
| TITAN | 3322.5 | 3400 |
| TORNTPHARM | 3252.4 | 3350 |
| TRENT | 6161.15 | 6700 |
| TVSMOTOR | 2235 | 2320 |
| UBL | 1965.3 | 1980 |
| ULTRACEMCO | 10483.75 | 11100 |
| UNIONBANK | 104.08 | 110 |
| UNITDSPR | 1407.25 | 1500 |
| UPL | 541.85 | 537.2 |
| VBL | 566.3 | 600 |
| VEDL | 430.6 | 450 |
| VOLTAS | 1637.65 | 1720 |
| WIPRO | 292.85 | 295 |
| YESBANK | 18.02 | 19 |
| ZOMATO | 233.6 | 250 |
| ZYDUSLIFE | 1000.15 | 1000 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
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.
