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FINNIFTY
NIFTY FINANCIAL SERVICES

19816.15 83.20 (0.42%)


Strike  16500  has a total call value of 0  versus a total put value of  139,074,366,000 Combined total value = 139,074,366,000

Strike  17000  has a total call value of 0  versus a total put value of  115,724,566,000 Combined total value = 115,724,566,000

Strike  17500  has a total call value of 0  versus a total put value of  92,412,286,000 Combined total value = 92,412,286,000

Strike  17600  has a total call value of 0  versus a total put value of  87,762,530,000 Combined total value = 87,762,530,000

Strike  17700  has a total call value of 0  versus a total put value of  83,121,698,000 Combined total value = 83,121,698,000

Strike  17800  has a total call value of 0  versus a total put value of  78,488,326,000 Combined total value = 78,488,326,000

Strike  17900  has a total call value of 0  versus a total put value of  73,862,778,000 Combined total value = 73,862,778,000

Strike  18000  has a total call value of 0  versus a total put value of  69,241,162,000 Combined total value = 69,241,162,000

Strike  18100  has a total call value of 0  versus a total put value of  64,643,466,000 Combined total value = 64,643,466,000

Strike  18200  has a total call value of 0  versus a total put value of  60,051,230,000 Combined total value = 60,051,230,000

Strike  18300  has a total call value of 0  versus a total put value of  55,463,710,000 Combined total value = 55,463,710,000

Strike  18400  has a total call value of 0  versus a total put value of  50,882,886,000 Combined total value = 50,882,886,000

Strike  18500  has a total call value of 0  versus a total put value of  46,311,786,000 Combined total value = 46,311,786,000

Strike  18600  has a total call value of 8,000  versus a total put value of  41,778,814,000 Combined total value = 41,778,822,000

Strike  18650  has a total call value of 12,000  versus a total put value of  39,523,250,000 Combined total value = 39,523,262,000

Strike  18700  has a total call value of 16,000  versus a total put value of  37,269,532,000 Combined total value = 37,269,548,000

Strike  18750  has a total call value of 24,000  versus a total put value of  35,030,310,000 Combined total value = 35,030,334,000

Strike  18800  has a total call value of 36,000  versus a total put value of  32,793,540,000 Combined total value = 32,793,576,000

Strike  18850  has a total call value of 52,000  versus a total put value of  30,596,244,000 Combined total value = 30,596,296,000

Strike  18900  has a total call value of 68,000  versus a total put value of  28,405,710,000 Combined total value = 28,405,778,000

Strike  18950  has a total call value of 88,000  versus a total put value of  26,247,922,000 Combined total value = 26,248,010,000

Strike  19000  has a total call value of 112,000  versus a total put value of  24,097,456,000 Combined total value = 24,097,568,000

Strike  19050  has a total call value of 188,000  versus a total put value of  22,042,176,000 Combined total value = 22,042,364,000

Strike  19100  has a total call value of 272,000  versus a total put value of  19,999,118,000 Combined total value = 19,999,390,000

Strike  19150  has a total call value of 356,000  versus a total put value of  17,991,462,000 Combined total value = 17,991,818,000

Strike  19200  has a total call value of 452,000  versus a total put value of  16,008,620,000 Combined total value = 16,009,072,000

Strike  19250  has a total call value of 558,000  versus a total put value of  14,124,042,000 Combined total value = 14,124,600,000

Strike  19300  has a total call value of 664,000  versus a total put value of  12,286,348,000 Combined total value = 12,287,012,000

Strike  19350  has a total call value of 14,540,000  versus a total put value of  10,581,070,000 Combined total value = 10,595,610,000

Strike  19400  has a total call value of 28,432,000  versus a total put value of  8,927,742,000 Combined total value = 8,956,174,000

Strike  19450  has a total call value of 42,510,000  versus a total put value of  7,418,476,000 Combined total value = 7,460,986,000

Strike  19500  has a total call value of 56,876,000  versus a total put value of  5,985,920,000 Combined total value = 6,042,796,000

Strike  19550  has a total call value of 73,554,000  versus a total put value of  4,696,616,000 Combined total value = 4,770,170,000

Strike  19600  has a total call value of 92,212,000  versus a total put value of  3,498,580,000 Combined total value = 3,590,792,000

Strike  19650  has a total call value of 119,350,000  versus a total put value of  2,500,352,000 Combined total value = 2,619,702,000

Strike  19700  has a total call value of 158,064,000  versus a total put value of  1,664,626,000 Combined total value = 1,822,690,000

Strike  19750  has a total call value of 248,610,000  versus a total put value of  1,083,604,000 Combined total value = 1,332,214,000

Strike  19800  has a total call value of 421,948,000  versus a total put value of  712,124,000 Combined total value = 1,134,072,000

Strike  19850  has a total call value of 811,826,000  versus a total put value of  541,934,000 Combined total value = 1,353,760,000

Strike  19900  has a total call value of 1,357,994,000  versus a total put value of  413,018,000 Combined total value = 1,771,012,000

Strike  19950  has a total call value of 2,116,150,000  versus a total put value of  328,496,000 Combined total value = 2,444,646,000

Strike  20000  has a total call value of 3,021,152,000  versus a total put value of  258,168,000 Combined total value = 3,279,320,000

Strike  20050  has a total call value of 4,183,184,000  versus a total put value of  206,108,000 Combined total value = 4,389,292,000

Strike  20100  has a total call value of 5,447,264,000  versus a total put value of  159,256,000 Combined total value = 5,606,520,000

Strike  20150  has a total call value of 6,887,236,000  versus a total put value of  116,784,000 Combined total value = 7,004,020,000

Strike  20200  has a total call value of 8,474,662,000  versus a total put value of  79,372,000 Combined total value = 8,554,034,000

Strike  20250  has a total call value of 10,282,172,000  versus a total put value of  59,582,000 Combined total value = 10,341,754,000

Strike  20300  has a total call value of 12,193,868,000  versus a total put value of  42,984,000 Combined total value = 12,236,852,000

Strike  20350  has a total call value of 14,215,760,000  versus a total put value of  31,288,000 Combined total value = 14,247,048,000

Strike  20400  has a total call value of 16,275,802,000  versus a total put value of  21,114,000 Combined total value = 16,296,916,000

Strike  20450  has a total call value of 18,422,030,000  versus a total put value of  13,058,000 Combined total value = 18,435,088,000

Strike  20500  has a total call value of 20,600,440,000  versus a total put value of  6,466,000 Combined total value = 20,606,906,000

Strike  20550  has a total call value of 22,932,938,000  versus a total put value of  3,696,000 Combined total value = 22,936,634,000

Strike  20600  has a total call value of 25,291,304,000  versus a total put value of  1,724,000 Combined total value = 25,293,028,000

Strike  20650  has a total call value of 27,719,172,000  versus a total put value of  980,000 Combined total value = 27,720,152,000

Strike  20700  has a total call value of 30,172,794,000  versus a total put value of  578,000 Combined total value = 30,173,372,000

Strike  20750  has a total call value of 32,689,146,000  versus a total put value of  422,000 Combined total value = 32,689,568,000

Strike  20800  has a total call value of 35,216,646,000  versus a total put value of  338,000 Combined total value = 35,216,984,000

Strike  20850  has a total call value of 37,799,852,000  versus a total put value of  276,000 Combined total value = 37,800,128,000

Strike  20900  has a total call value of 40,394,058,000  versus a total put value of  222,000 Combined total value = 40,394,280,000

Strike  20950  has a total call value of 43,006,578,000  versus a total put value of  172,000 Combined total value = 43,006,750,000

Strike  21000  has a total call value of 45,623,792,000  versus a total put value of  126,000 Combined total value = 45,623,918,000

Strike  21050  has a total call value of 48,308,552,000  versus a total put value of  100,000 Combined total value = 48,308,652,000

Strike  21100  has a total call value of 50,995,660,000  versus a total put value of  78,000 Combined total value = 50,995,738,000

Strike  21150  has a total call value of 53,691,490,000  versus a total put value of  60,000 Combined total value = 53,691,550,000

Strike  21200  has a total call value of 56,389,870,000  versus a total put value of  48,000 Combined total value = 56,389,918,000

Strike  21250  has a total call value of 59,099,628,000  versus a total put value of  40,000 Combined total value = 59,099,668,000

Strike  21300  has a total call value of 61,810,644,000  versus a total put value of  32,000 Combined total value = 61,810,676,000

Strike  21350  has a total call value of 64,525,206,000  versus a total put value of  24,000 Combined total value = 64,525,230,000

Strike  21400  has a total call value of 67,240,910,000  versus a total put value of  16,000 Combined total value = 67,240,926,000

Strike  21450  has a total call value of 69,960,412,000  versus a total put value of  8,000 Combined total value = 69,960,420,000

Strike  21500  has a total call value of 72,680,602,000  versus a total put value of  0 Combined total value = 72,680,602,000

Strike  21550  has a total call value of 75,440,860,000  versus a total put value of  0 Combined total value = 75,440,860,000

Strike  21600  has a total call value of 78,201,680,000  versus a total put value of  0 Combined total value = 78,201,680,000

Strike  21700  has a total call value of 83,740,004,000  versus a total put value of  0 Combined total value = 83,740,004,000

Strike  21800  has a total call value of 89,291,560,000  versus a total put value of  0 Combined total value = 89,291,560,000

Strike  21900  has a total call value of 94,855,008,000  versus a total put value of  0 Combined total value = 94,855,008,000

Strike  22000  has a total call value of 100,422,148,000  versus a total put value of  0 Combined total value = 100,422,148,000

Strike  22100  has a total call value of 106,034,792,000  versus a total put value of  0 Combined total value = 106,034,792,000

Strike  22200  has a total call value of 111,650,332,000  versus a total put value of  0 Combined total value = 111,650,332,000

Strike  22300  has a total call value of 117,268,012,000  versus a total put value of  0 Combined total value = 117,268,012,000

Strike  22400  has a total call value of 122,888,296,000  versus a total put value of  0 Combined total value = 122,888,296,000

Strike  22500  has a total call value of 128,511,948,000  versus a total put value of  0 Combined total value = 128,511,948,000

Strike  22600  has a total call value of 134,141,360,000  versus a total put value of  0 Combined total value = 134,141,360,000

Strike  23000  has a total call value of 156,668,256,000  versus a total put value of  0 Combined total value = 156,668,256,000

Strike  23500  has a total call value of 184,863,036,000  versus a total put value of  0 Combined total value = 184,863,036,000

Max Pain - Choose a symbol



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.