FINNIFTY
Nifty Financial Services
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
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.