FINNIFTY
NIFTY FINANCIAL SERVICES
Max pain for FINNIFTY
18 Mar 2024 04:30 PM IST
Max Pain for FINNIFTY is 20600
Strike 17700 has a total call value of 0 versus a total put value of 7,656,321,200,000 Combined total value = 7,656,321,200,000
Strike 17750 has a total call value of 0 versus a total put value of 7,505,039,200,000 Combined total value = 7,505,039,200,000
Strike 17800 has a total call value of 0 versus a total put value of 7,353,757,200,000 Combined total value = 7,353,757,200,000
Strike 17850 has a total call value of 0 versus a total put value of 7,202,764,200,000 Combined total value = 7,202,764,200,000
Strike 17900 has a total call value of 0 versus a total put value of 7,051,771,200,000 Combined total value = 7,051,771,200,000
Strike 17950 has a total call value of 0 versus a total put value of 6,901,057,000,000 Combined total value = 6,901,057,000,000
Strike 18000 has a total call value of 0 versus a total put value of 6,750,342,800,000 Combined total value = 6,750,342,800,000
Strike 18050 has a total call value of 0 versus a total put value of 6,599,927,800,000 Combined total value = 6,599,927,800,000
Strike 18100 has a total call value of 0 versus a total put value of 6,449,512,800,000 Combined total value = 6,449,512,800,000
Strike 18150 has a total call value of 0 versus a total put value of 6,299,167,600,000 Combined total value = 6,299,167,600,000
Strike 18200 has a total call value of 0 versus a total put value of 6,148,822,400,000 Combined total value = 6,148,822,400,000
Strike 18250 has a total call value of 0 versus a total put value of 5,998,546,600,000 Combined total value = 5,998,546,600,000
Strike 18300 has a total call value of 0 versus a total put value of 5,848,270,800,000 Combined total value = 5,848,270,800,000
Strike 18350 has a total call value of 0 versus a total put value of 5,698,061,600,000 Combined total value = 5,698,061,600,000
Strike 18400 has a total call value of 0 versus a total put value of 5,547,852,400,000 Combined total value = 5,547,852,400,000
Strike 18450 has a total call value of 0 versus a total put value of 5,397,722,600,000 Combined total value = 5,397,722,600,000
Strike 18500 has a total call value of 0 versus a total put value of 5,247,592,800,000 Combined total value = 5,247,592,800,000
Strike 18550 has a total call value of 0 versus a total put value of 5,097,667,600,000 Combined total value = 5,097,667,600,000
Strike 18600 has a total call value of 0 versus a total put value of 4,947,742,400,000 Combined total value = 4,947,742,400,000
Strike 18650 has a total call value of 0 versus a total put value of 4,797,909,200,000 Combined total value = 4,797,909,200,000
Strike 18700 has a total call value of 0 versus a total put value of 4,648,076,000,000 Combined total value = 4,648,076,000,000
Strike 18750 has a total call value of 0 versus a total put value of 4,498,300,200,000 Combined total value = 4,498,300,200,000
Strike 18800 has a total call value of 0 versus a total put value of 4,348,524,400,000 Combined total value = 4,348,524,400,000
Strike 18850 has a total call value of 0 versus a total put value of 4,198,846,000,000 Combined total value = 4,198,846,000,000
Strike 18900 has a total call value of 0 versus a total put value of 4,049,167,600,000 Combined total value = 4,049,167,600,000
Strike 18950 has a total call value of 0 versus a total put value of 3,899,589,800,000 Combined total value = 3,899,589,800,000
Strike 19000 has a total call value of 0 versus a total put value of 3,750,049,200,000 Combined total value = 3,750,049,200,000
Strike 19050 has a total call value of 0 versus a total put value of 3,601,250,800,000 Combined total value = 3,601,250,800,000
Strike 19100 has a total call value of 0 versus a total put value of 3,452,517,400,000 Combined total value = 3,452,517,400,000
Strike 19150 has a total call value of 0 versus a total put value of 3,304,031,600,000 Combined total value = 3,304,031,600,000
Strike 19200 has a total call value of 0 versus a total put value of 3,155,665,600,000 Combined total value = 3,155,665,600,000
Strike 19250 has a total call value of 0 versus a total put value of 3,007,613,600,000 Combined total value = 3,007,613,600,000
Strike 19300 has a total call value of 0 versus a total put value of 2,859,670,000,000 Combined total value = 2,859,670,000,000
Strike 19350 has a total call value of 0 versus a total put value of 2,712,185,400,000 Combined total value = 2,712,185,400,000
Strike 19400 has a total call value of 0 versus a total put value of 2,564,800,000,000 Combined total value = 2,564,800,000,000
Strike 19450 has a total call value of 0 versus a total put value of 2,417,940,400,000 Combined total value = 2,417,940,400,000
Strike 19500 has a total call value of 0 versus a total put value of 2,271,482,800,000 Combined total value = 2,271,482,800,000
Strike 19550 has a total call value of 5,800,000 versus a total put value of 2,127,133,800,000 Combined total value = 2,127,139,600,000
Strike 19600 has a total call value of 11,600,000 versus a total put value of 1,983,082,600,000 Combined total value = 1,983,094,200,000
Strike 19650 has a total call value of 17,400,000 versus a total put value of 1,840,059,400,000 Combined total value = 1,840,076,800,000
Strike 19700 has a total call value of 23,200,000 versus a total put value of 1,697,772,800,000 Combined total value = 1,697,796,000,000
Strike 19750 has a total call value of 29,000,000 versus a total put value of 1,558,068,600,000 Combined total value = 1,558,097,600,000
Strike 19800 has a total call value of 34,800,000 versus a total put value of 1,419,232,800,000 Combined total value = 1,419,267,600,000
Strike 19850 has a total call value of 41,000,000 versus a total put value of 1,284,132,800,000 Combined total value = 1,284,173,800,000
Strike 19900 has a total call value of 48,000,000 versus a total put value of 1,150,443,400,000 Combined total value = 1,150,491,400,000
Strike 19950 has a total call value of 56,400,000 versus a total put value of 1,022,689,400,000 Combined total value = 1,022,745,800,000
Strike 20000 has a total call value of 65,800,000 versus a total put value of 896,788,200,000 Combined total value = 896,854,000,000
Strike 20050 has a total call value of 295,800,000 versus a total put value of 781,992,400,000 Combined total value = 782,288,200,000
Strike 20100 has a total call value of 533,800,000 versus a total put value of 674,023,400,000 Combined total value = 674,557,200,000
Strike 20150 has a total call value of 775,400,000 versus a total put value of 574,990,800,000 Combined total value = 575,766,200,000
Strike 20200 has a total call value of 1,020,800,000 versus a total put value of 479,094,400,000 Combined total value = 480,115,200,000
Strike 20250 has a total call value of 1,301,200,000 versus a total put value of 394,660,800,000 Combined total value = 395,962,000,000
Strike 20300 has a total call value of 1,613,200,000 versus a total put value of 318,163,600,000 Combined total value = 319,776,800,000
Strike 20350 has a total call value of 2,194,600,000 versus a total put value of 251,897,400,000 Combined total value = 254,092,000,000
Strike 20400 has a total call value of 2,857,000,000 versus a total put value of 195,002,800,000 Combined total value = 197,859,800,000
Strike 20450 has a total call value of 3,942,600,000 versus a total put value of 147,679,800,000 Combined total value = 151,622,400,000
Strike 20500 has a total call value of 5,502,200,000 versus a total put value of 105,516,400,000 Combined total value = 111,018,600,000
Strike 20550 has a total call value of 8,678,400,000 versus a total put value of 74,177,000,000 Combined total value = 82,855,400,000
Strike 20600 has a total call value of 15,276,200,000 versus a total put value of 48,730,000,000 Combined total value = 64,006,200,000
Strike 20650 has a total call value of 31,059,000,000 versus a total put value of 34,594,800,000 Combined total value = 65,653,800,000
Strike 20700 has a total call value of 55,036,800,000 versus a total put value of 25,839,800,000 Combined total value = 80,876,600,000
Strike 20750 has a total call value of 90,953,400,000 versus a total put value of 19,792,600,000 Combined total value = 110,746,000,000
Strike 20800 has a total call value of 134,250,400,000 versus a total put value of 14,484,000,000 Combined total value = 148,734,400,000
Strike 20850 has a total call value of 192,711,400,000 versus a total put value of 11,134,600,000 Combined total value = 203,846,000,000
Strike 20900 has a total call value of 259,231,400,000 versus a total put value of 8,181,200,000 Combined total value = 267,412,600,000
Strike 20950 has a total call value of 337,458,000,000 versus a total put value of 5,996,000,000 Combined total value = 343,454,000,000
Strike 21000 has a total call value of 424,256,400,000 versus a total put value of 4,265,200,000 Combined total value = 428,521,600,000
Strike 21050 has a total call value of 528,682,800,000 versus a total put value of 2,800,600,000 Combined total value = 531,483,400,000
Strike 21100 has a total call value of 639,372,600,000 versus a total put value of 1,395,000,000 Combined total value = 640,767,600,000
Strike 21150 has a total call value of 760,933,000,000 versus a total put value of 908,200,000 Combined total value = 761,841,200,000
Strike 21200 has a total call value of 888,042,200,000 versus a total put value of 470,400,000 Combined total value = 888,512,600,000
Strike 21250 has a total call value of 1,028,772,600,000 versus a total put value of 271,800,000 Combined total value = 1,029,044,400,000
Strike 21300 has a total call value of 1,173,515,200,000 versus a total put value of 94,000,000 Combined total value = 1,173,609,200,000
Strike 21350 has a total call value of 1,328,211,000,000 versus a total put value of 64,200,000 Combined total value = 1,328,275,200,000
Strike 21400 has a total call value of 1,485,354,600,000 versus a total put value of 37,200,000 Combined total value = 1,485,391,800,000
Strike 21450 has a total call value of 1,651,645,800,000 versus a total put value of 18,600,000 Combined total value = 1,651,664,400,000
Strike 21500 has a total call value of 1,821,617,800,000 versus a total put value of 0 Combined total value = 1,821,617,800,000
Strike 21550 has a total call value of 1,998,918,200,000 versus a total put value of 0 Combined total value = 1,998,918,200,000
Strike 21600 has a total call value of 2,177,382,800,000 versus a total put value of 0 Combined total value = 2,177,382,800,000
Strike 21650 has a total call value of 2,358,041,000,000 versus a total put value of 0 Combined total value = 2,358,041,000,000
Strike 21700 has a total call value of 2,539,285,600,000 versus a total put value of 0 Combined total value = 2,539,285,600,000
Strike 21750 has a total call value of 2,722,312,600,000 versus a total put value of 0 Combined total value = 2,722,312,600,000
Strike 21800 has a total call value of 2,906,143,400,000 versus a total put value of 0 Combined total value = 2,906,143,400,000
Strike 21850 has a total call value of 3,092,158,800,000 versus a total put value of 0 Combined total value = 3,092,158,800,000
Strike 21900 has a total call value of 3,278,690,200,000 versus a total put value of 0 Combined total value = 3,278,690,200,000
Strike 21950 has a total call value of 3,466,591,400,000 versus a total put value of 0 Combined total value = 3,466,591,400,000
Strike 22000 has a total call value of 3,655,284,000,000 versus a total put value of 0 Combined total value = 3,655,284,000,000
Strike 22050 has a total call value of 3,846,606,800,000 versus a total put value of 0 Combined total value = 3,846,606,800,000
Strike 22100 has a total call value of 4,038,253,400,000 versus a total put value of 0 Combined total value = 4,038,253,400,000
Strike 22150 has a total call value of 4,230,416,400,000 versus a total put value of 0 Combined total value = 4,230,416,400,000
Strike 22200 has a total call value of 4,422,816,600,000 versus a total put value of 0 Combined total value = 4,422,816,600,000
Strike 22250 has a total call value of 4,616,332,600,000 versus a total put value of 0 Combined total value = 4,616,332,600,000
Strike 22300 has a total call value of 4,809,901,000,000 versus a total put value of 0 Combined total value = 4,809,901,000,000
Strike 22350 has a total call value of 5,003,780,000,000 versus a total put value of 0 Combined total value = 5,003,780,000,000
Strike 22400 has a total call value of 5,197,659,000,000 versus a total put value of 0 Combined total value = 5,197,659,000,000
Strike 22450 has a total call value of 5,391,812,400,000 versus a total put value of 0 Combined total value = 5,391,812,400,000
Strike 22500 has a total call value of 5,585,965,800,000 versus a total put value of 0 Combined total value = 5,585,965,800,000
Strike 22550 has a total call value of 5,780,712,600,000 versus a total put value of 0 Combined total value = 5,780,712,600,000
Strike 22600 has a total call value of 5,975,459,400,000 versus a total put value of 0 Combined total value = 5,975,459,400,000
Strike 22650 has a total call value of 6,170,319,800,000 versus a total put value of 0 Combined total value = 6,170,319,800,000
Strike 22700 has a total call value of 6,365,180,200,000 versus a total put value of 0 Combined total value = 6,365,180,200,000
Strike 22750 has a total call value of 6,560,131,800,000 versus a total put value of 0 Combined total value = 6,560,131,800,000
Strike 22800 has a total call value of 6,755,083,400,000 versus a total put value of 0 Combined total value = 6,755,083,400,000
Strike 22850 has a total call value of 6,950,104,600,000 versus a total put value of 0 Combined total value = 6,950,104,600,000
Strike 22900 has a total call value of 7,145,125,800,000 versus a total put value of 0 Combined total value = 7,145,125,800,000
Strike 22950 has a total call value of 7,340,359,600,000 versus a total put value of 0 Combined total value = 7,340,359,600,000
Strike 23000 has a total call value of 7,535,593,400,000 versus a total put value of 0 Combined total value = 7,535,593,400,000
Strike 23050 has a total call value of 7,731,064,000,000 versus a total put value of 0 Combined total value = 7,731,064,000,000
Strike 23100 has a total call value of 7,926,534,600,000 versus a total put value of 0 Combined total value = 7,926,534,600,000
Strike 23150 has a total call value of 8,122,056,800,000 versus a total put value of 0 Combined total value = 8,122,056,800,000
Strike 23200 has a total call value of 8,317,579,000,000 versus a total put value of 0 Combined total value = 8,317,579,000,000
Strike 23250 has a total call value of 8,513,189,200,000 versus a total put value of 0 Combined total value = 8,513,189,200,000
Strike 23300 has a total call value of 8,708,799,400,000 versus a total put value of 0 Combined total value = 8,708,799,400,000
Strike 23350 has a total call value of 8,904,837,600,000 versus a total put value of 0 Combined total value = 8,904,837,600,000
Strike 23400 has a total call value of 9,100,875,800,000 versus a total put value of 0 Combined total value = 9,100,875,800,000
Strike 23450 has a total call value of 9,297,091,800,000 versus a total put value of 0 Combined total value = 9,297,091,800,000
Strike 23500 has a total call value of 9,493,307,800,000 versus a total put value of 0 Combined total value = 9,493,307,800,000
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.