`
[--[65.84.65.76]--]
FINNIFTY
Nifty Financial Services

23722.15 192.40 (0.82%)

Max pain for FINNIFTY

09 Sep 2024 04:13 PM IST

Max Pain for FINNIFTY is 23700  



Strike  20000  has a total call value of 0  versus a total put value of  8,067,739,500,000 Combined total value = 8,067,739,500,000

Strike  20050  has a total call value of 0  versus a total put value of  7,938,980,375,000 Combined total value = 7,938,980,375,000

Strike  20100  has a total call value of 0  versus a total put value of  7,810,221,250,000 Combined total value = 7,810,221,250,000

Strike  20150  has a total call value of 0  versus a total put value of  7,682,002,250,000 Combined total value = 7,682,002,250,000

Strike  20200  has a total call value of 0  versus a total put value of  7,553,783,250,000 Combined total value = 7,553,783,250,000

Strike  20250  has a total call value of 0  versus a total put value of  7,425,621,750,000 Combined total value = 7,425,621,750,000

Strike  20300  has a total call value of 0  versus a total put value of  7,297,460,250,000 Combined total value = 7,297,460,250,000

Strike  20350  has a total call value of 0  versus a total put value of  7,170,109,625,000 Combined total value = 7,170,109,625,000

Strike  20400  has a total call value of 0  versus a total put value of  7,042,759,000,000 Combined total value = 7,042,759,000,000

Strike  20450  has a total call value of 0  versus a total put value of  6,915,446,375,000 Combined total value = 6,915,446,375,000

Strike  20500  has a total call value of 0  versus a total put value of  6,788,133,750,000 Combined total value = 6,788,133,750,000

Strike  20550  has a total call value of 0  versus a total put value of  6,660,921,625,000 Combined total value = 6,660,921,625,000

Strike  20600  has a total call value of 0  versus a total put value of  6,533,709,500,000 Combined total value = 6,533,709,500,000

Strike  20650  has a total call value of 0  versus a total put value of  6,406,515,375,000 Combined total value = 6,406,515,375,000

Strike  20700  has a total call value of 0  versus a total put value of  6,279,321,250,000 Combined total value = 6,279,321,250,000

Strike  20750  has a total call value of 0  versus a total put value of  6,152,164,500,000 Combined total value = 6,152,164,500,000

Strike  20800  has a total call value of 0  versus a total put value of  6,025,007,750,000 Combined total value = 6,025,007,750,000

Strike  20850  has a total call value of 0  versus a total put value of  5,897,881,250,000 Combined total value = 5,897,881,250,000

Strike  20900  has a total call value of 0  versus a total put value of  5,770,754,750,000 Combined total value = 5,770,754,750,000

Strike  20950  has a total call value of 0  versus a total put value of  5,643,663,125,000 Combined total value = 5,643,663,125,000

Strike  21000  has a total call value of 0  versus a total put value of  5,516,571,500,000 Combined total value = 5,516,571,500,000

Strike  21050  has a total call value of 0  versus a total put value of  5,389,693,375,000 Combined total value = 5,389,693,375,000

Strike  21100  has a total call value of 0  versus a total put value of  5,262,815,250,000 Combined total value = 5,262,815,250,000

Strike  21150  has a total call value of 0  versus a total put value of  5,136,017,250,000 Combined total value = 5,136,017,250,000

Strike  21200  has a total call value of 0  versus a total put value of  5,009,219,250,000 Combined total value = 5,009,219,250,000

Strike  21250  has a total call value of 0  versus a total put value of  4,882,518,250,000 Combined total value = 4,882,518,250,000

Strike  21300  has a total call value of 0  versus a total put value of  4,755,821,125,000 Combined total value = 4,755,821,125,000

Strike  21350  has a total call value of 0  versus a total put value of  4,629,204,875,000 Combined total value = 4,629,204,875,000

Strike  21400  has a total call value of 0  versus a total put value of  4,502,601,250,000 Combined total value = 4,502,601,250,000

Strike  21450  has a total call value of 0  versus a total put value of  4,376,094,750,000 Combined total value = 4,376,094,750,000

Strike  21500  has a total call value of 0  versus a total put value of  4,249,602,500,000 Combined total value = 4,249,602,500,000

Strike  21550  has a total call value of 0  versus a total put value of  4,123,495,500,000 Combined total value = 4,123,495,500,000

Strike  21600  has a total call value of 0  versus a total put value of  3,997,397,250,000 Combined total value = 3,997,397,250,000

Strike  21650  has a total call value of 0  versus a total put value of  3,871,373,000,000 Combined total value = 3,871,373,000,000

Strike  21700  has a total call value of 0  versus a total put value of  3,745,405,125,000 Combined total value = 3,745,405,125,000

Strike  21750  has a total call value of 0  versus a total put value of  3,619,850,125,000 Combined total value = 3,619,850,125,000

Strike  21800  has a total call value of 0  versus a total put value of  3,494,307,625,000 Combined total value = 3,494,307,625,000

Strike  21850  has a total call value of 0  versus a total put value of  3,369,002,875,000 Combined total value = 3,369,002,875,000

Strike  21900  has a total call value of 0  versus a total put value of  3,243,747,375,000 Combined total value = 3,243,747,375,000

Strike  21950  has a total call value of 0  versus a total put value of  3,118,623,375,000 Combined total value = 3,118,623,375,000

Strike  22000  has a total call value of 0  versus a total put value of  2,993,568,375,000 Combined total value = 2,993,568,375,000

Strike  22050  has a total call value of 0  versus a total put value of  2,870,886,750,000 Combined total value = 2,870,886,750,000

Strike  22100  has a total call value of 0  versus a total put value of  2,748,279,750,000 Combined total value = 2,748,279,750,000

Strike  22150  has a total call value of 0  versus a total put value of  2,626,035,250,000 Combined total value = 2,626,035,250,000

Strike  22200  has a total call value of 0  versus a total put value of  2,503,917,500,000 Combined total value = 2,503,917,500,000

Strike  22250  has a total call value of 0  versus a total put value of  2,383,059,875,000 Combined total value = 2,383,059,875,000

Strike  22300  has a total call value of 0  versus a total put value of  2,262,394,625,000 Combined total value = 2,262,394,625,000

Strike  22350  has a total call value of 0  versus a total put value of  2,142,858,250,000 Combined total value = 2,142,858,250,000

Strike  22400  has a total call value of 0  versus a total put value of  2,023,720,750,000 Combined total value = 2,023,720,750,000

Strike  22450  has a total call value of 0  versus a total put value of  1,905,477,375,000 Combined total value = 1,905,477,375,000

Strike  22500  has a total call value of 0  versus a total put value of  1,787,748,750,000 Combined total value = 1,787,748,750,000

Strike  22550  has a total call value of 0  versus a total put value of  1,674,658,250,000 Combined total value = 1,674,658,250,000

Strike  22600  has a total call value of 0  versus a total put value of  1,561,898,750,000 Combined total value = 1,561,898,750,000

Strike  22650  has a total call value of 0  versus a total put value of  1,451,642,875,000 Combined total value = 1,451,642,875,000

Strike  22700  has a total call value of 0  versus a total put value of  1,341,971,875,000 Combined total value = 1,341,971,875,000

Strike  22750  has a total call value of 1,250,000  versus a total put value of  1,235,131,125,000 Combined total value = 1,235,132,375,000

Strike  22800  has a total call value of 2,500,000  versus a total put value of  1,129,261,250,000 Combined total value = 1,129,263,750,000

Strike  22850  has a total call value of 5,000,000  versus a total put value of  1,027,843,250,000 Combined total value = 1,027,848,250,000

Strike  22900  has a total call value of 7,500,000  versus a total put value of  927,263,250,000 Combined total value = 927,270,750,000

Strike  22950  has a total call value of 17,000,000  versus a total put value of  829,088,750,000 Combined total value = 829,105,750,000

Strike  23000  has a total call value of 28,625,000  versus a total put value of  732,433,750,000 Combined total value = 732,462,375,000

Strike  23050  has a total call value of 63,000,000  versus a total put value of  648,981,250,000 Combined total value = 649,044,250,000

Strike  23100  has a total call value of 100,125,000  versus a total put value of  567,515,000,000 Combined total value = 567,615,125,000

Strike  23150  has a total call value of 152,875,000  versus a total put value of  491,119,250,000 Combined total value = 491,272,125,000

Strike  23200  has a total call value of 219,000,000  versus a total put value of  417,720,000,000 Combined total value = 417,939,000,000

Strike  23250  has a total call value of 344,000,000  versus a total put value of  352,301,875,000 Combined total value = 352,645,875,000

Strike  23300  has a total call value of 525,875,000  versus a total put value of  290,428,125,000 Combined total value = 290,954,000,000

Strike  23350  has a total call value of 942,000,000  versus a total put value of  233,735,375,000 Combined total value = 234,677,375,000

Strike  23400  has a total call value of 1,650,375,000  versus a total put value of  182,643,250,000 Combined total value = 184,293,625,000

Strike  23450  has a total call value of 2,958,125,000  versus a total put value of  139,476,625,000 Combined total value = 142,434,750,000

Strike  23500  has a total call value of 4,601,750,000  versus a total put value of  100,872,375,000 Combined total value = 105,474,125,000

Strike  23550  has a total call value of 7,871,375,000  versus a total put value of  73,151,625,000 Combined total value = 81,023,000,000

Strike  23600  has a total call value of 12,062,750,000  versus a total put value of  50,236,000,000 Combined total value = 62,298,750,000

Strike  23650  has a total call value of 19,394,625,000  versus a total put value of  34,205,750,000 Combined total value = 53,600,375,000

Strike  23700  has a total call value of 30,038,625,000  versus a total put value of  21,796,125,000 Combined total value = 51,834,750,000

Strike  23750  has a total call value of 47,839,125,000  versus a total put value of  14,914,000,000 Combined total value = 62,753,125,000

Strike  23800  has a total call value of 71,794,000,000  versus a total put value of  9,701,000,000 Combined total value = 81,495,000,000

Strike  23850  has a total call value of 108,222,500,000  versus a total put value of  6,239,125,000 Combined total value = 114,461,625,000

Strike  23900  has a total call value of 151,105,625,000  versus a total put value of  3,516,250,000 Combined total value = 154,621,875,000

Strike  23950  has a total call value of 206,167,875,000  versus a total put value of  2,205,625,000 Combined total value = 208,373,500,000

Strike  24000  has a total call value of 267,277,375,000  versus a total put value of  1,166,500,000 Combined total value = 268,443,875,000

Strike  24050  has a total call value of 343,402,625,000  versus a total put value of  815,125,000 Combined total value = 344,217,750,000

Strike  24100  has a total call value of 425,094,875,000  versus a total put value of  558,375,000 Combined total value = 425,653,250,000

Strike  24150  has a total call value of 514,999,125,000  versus a total put value of  355,250,000 Combined total value = 515,354,375,000

Strike  24200  has a total call value of 608,624,375,000  versus a total put value of  206,125,000 Combined total value = 608,830,500,000

Strike  24250  has a total call value of 712,104,625,000  versus a total put value of  133,875,000 Combined total value = 712,238,500,000

Strike  24300  has a total call value of 819,416,375,000  versus a total put value of  74,875,000 Combined total value = 819,491,250,000

Strike  24350  has a total call value of 933,640,875,000  versus a total put value of  46,000,000 Combined total value = 933,686,875,000

Strike  24400  has a total call value of 1,049,479,250,000  versus a total put value of  28,000,000 Combined total value = 1,049,507,250,000

Strike  24450  has a total call value of 1,169,740,500,000  versus a total put value of  13,250,000 Combined total value = 1,169,753,750,000

Strike  24500  has a total call value of 1,291,270,000,000  versus a total put value of  125,000 Combined total value = 1,291,270,125,000

Strike  24550  has a total call value of 1,423,876,375,000  versus a total put value of  0 Combined total value = 1,423,876,375,000

Strike  24600  has a total call value of 1,557,512,875,000  versus a total put value of  0 Combined total value = 1,557,512,875,000

Strike  24650  has a total call value of 1,694,122,625,000  versus a total put value of  0 Combined total value = 1,694,122,625,000

Strike  24700  has a total call value of 1,831,213,625,000  versus a total put value of  0 Combined total value = 1,831,213,625,000

Strike  24750  has a total call value of 1,971,435,375,000  versus a total put value of  0 Combined total value = 1,971,435,375,000

Strike  24800  has a total call value of 2,112,070,750,000  versus a total put value of  0 Combined total value = 2,112,070,750,000

Strike  24850  has a total call value of 2,254,197,500,000  versus a total put value of  0 Combined total value = 2,254,197,500,000

Strike  24900  has a total call value of 2,396,617,000,000  versus a total put value of  0 Combined total value = 2,396,617,000,000

Strike  24950  has a total call value of 2,539,672,000,000  versus a total put value of  0 Combined total value = 2,539,672,000,000

Strike  25000  has a total call value of 2,682,942,750,000  versus a total put value of  0 Combined total value = 2,682,942,750,000

Strike  25050  has a total call value of 2,831,197,000,000  versus a total put value of  0 Combined total value = 2,831,197,000,000

Strike  25100  has a total call value of 2,979,615,500,000  versus a total put value of  0 Combined total value = 2,979,615,500,000

Strike  25150  has a total call value of 3,128,644,750,000  versus a total put value of  0 Combined total value = 3,128,644,750,000

Strike  25200  has a total call value of 3,277,760,250,000  versus a total put value of  0 Combined total value = 3,277,760,250,000

Strike  25250  has a total call value of 3,427,114,000,000  versus a total put value of  0 Combined total value = 3,427,114,000,000

Strike  25300  has a total call value of 3,576,467,750,000  versus a total put value of  0 Combined total value = 3,576,467,750,000

Strike  25350  has a total call value of 3,726,377,375,000  versus a total put value of  0 Combined total value = 3,726,377,375,000

Strike  25400  has a total call value of 3,876,287,000,000  versus a total put value of  0 Combined total value = 3,876,287,000,000

Strike  25450  has a total call value of 4,026,441,750,000  versus a total put value of  0 Combined total value = 4,026,441,750,000

Strike  25500  has a total call value of 4,176,596,500,000  versus a total put value of  0 Combined total value = 4,176,596,500,000

Strike  25550  has a total call value of 4,327,880,500,000  versus a total put value of  0 Combined total value = 4,327,880,500,000

Strike  25600  has a total call value of 4,479,164,500,000  versus a total put value of  0 Combined total value = 4,479,164,500,000

Strike  25650  has a total call value of 4,630,751,750,000  versus a total put value of  0 Combined total value = 4,630,751,750,000

Strike  25700  has a total call value of 4,782,339,000,000  versus a total put value of  0 Combined total value = 4,782,339,000,000

Strike  25750  has a total call value of 4,934,173,125,000  versus a total put value of  0 Combined total value = 4,934,173,125,000

Strike  25800  has a total call value of 5,086,007,250,000  versus a total put value of  0 Combined total value = 5,086,007,250,000

Strike  25850  has a total call value of 5,238,107,750,000  versus a total put value of  0 Combined total value = 5,238,107,750,000

Strike  25900  has a total call value of 5,390,208,250,000  versus a total put value of  0 Combined total value = 5,390,208,250,000

Strike  25950  has a total call value of 5,544,385,500,000  versus a total put value of  0 Combined total value = 5,544,385,500,000

Strike  26000  has a total call value of 5,698,562,750,000  versus a total put value of  0 Combined total value = 5,698,562,750,000

Strike  26050  has a total call value of 5,855,572,750,000  versus a total put value of  0 Combined total value = 5,855,572,750,000

Strike  26100  has a total call value of 6,012,582,750,000  versus a total put value of  0 Combined total value = 6,012,582,750,000

Strike  26150  has a total call value of 6,170,948,625,000  versus a total put value of  0 Combined total value = 6,170,948,625,000

Strike  26200  has a total call value of 6,329,314,500,000  versus a total put value of  0 Combined total value = 6,329,314,500,000

Strike  26250  has a total call value of 6,488,306,875,000  versus a total put value of  0 Combined total value = 6,488,306,875,000

Strike  26300  has a total call value of 6,647,299,250,000  versus a total put value of  0 Combined total value = 6,647,299,250,000

Strike  26350  has a total call value of 6,807,136,375,000  versus a total put value of  0 Combined total value = 6,807,136,375,000

Strike  26400  has a total call value of 6,966,973,500,000  versus a total put value of  0 Combined total value = 6,966,973,500,000

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.