FINNIFTY
Nifty Financial Services
Max pain for FINNIFTY
21 Nov 2024 12:17 PM IST
Max Pain for FINNIFTY is 23300
Strike 20900 has a total call value of 0 versus a total put value of 729,359,250,000 Combined total value = 729,359,250,000
Strike 20950 has a total call value of 0 versus a total put value of 709,009,375,000 Combined total value = 709,009,375,000
Strike 21000 has a total call value of 0 versus a total put value of 688,659,500,000 Combined total value = 688,659,500,000
Strike 21050 has a total call value of 0 versus a total put value of 669,198,875,000 Combined total value = 669,198,875,000
Strike 21100 has a total call value of 0 versus a total put value of 649,738,250,000 Combined total value = 649,738,250,000
Strike 21150 has a total call value of 0 versus a total put value of 630,300,500,000 Combined total value = 630,300,500,000
Strike 21200 has a total call value of 0 versus a total put value of 610,862,750,000 Combined total value = 610,862,750,000
Strike 21250 has a total call value of 0 versus a total put value of 591,434,000,000 Combined total value = 591,434,000,000
Strike 21300 has a total call value of 0 versus a total put value of 572,005,250,000 Combined total value = 572,005,250,000
Strike 21350 has a total call value of 0 versus a total put value of 552,591,500,000 Combined total value = 552,591,500,000
Strike 21400 has a total call value of 0 versus a total put value of 533,177,750,000 Combined total value = 533,177,750,000
Strike 21450 has a total call value of 0 versus a total put value of 513,764,000,000 Combined total value = 513,764,000,000
Strike 21500 has a total call value of 0 versus a total put value of 494,350,250,000 Combined total value = 494,350,250,000
Strike 21550 has a total call value of 0 versus a total put value of 475,402,250,000 Combined total value = 475,402,250,000
Strike 21600 has a total call value of 0 versus a total put value of 456,454,250,000 Combined total value = 456,454,250,000
Strike 21650 has a total call value of 0 versus a total put value of 437,541,750,000 Combined total value = 437,541,750,000
Strike 21700 has a total call value of 0 versus a total put value of 418,629,250,000 Combined total value = 418,629,250,000
Strike 21750 has a total call value of 0 versus a total put value of 400,372,500,000 Combined total value = 400,372,500,000
Strike 21800 has a total call value of 0 versus a total put value of 382,115,750,000 Combined total value = 382,115,750,000
Strike 21850 has a total call value of 0 versus a total put value of 363,979,125,000 Combined total value = 363,979,125,000
Strike 21900 has a total call value of 0 versus a total put value of 345,842,500,000 Combined total value = 345,842,500,000
Strike 21950 has a total call value of 0 versus a total put value of 327,895,750,000 Combined total value = 327,895,750,000
Strike 22000 has a total call value of 0 versus a total put value of 310,020,500,000 Combined total value = 310,020,500,000
Strike 22050 has a total call value of 0 versus a total put value of 292,800,500,000 Combined total value = 292,800,500,000
Strike 22100 has a total call value of 0 versus a total put value of 275,722,125,000 Combined total value = 275,722,125,000
Strike 22150 has a total call value of 0 versus a total put value of 260,325,875,000 Combined total value = 260,325,875,000
Strike 22200 has a total call value of 0 versus a total put value of 245,047,875,000 Combined total value = 245,047,875,000
Strike 22250 has a total call value of 0 versus a total put value of 230,123,375,000 Combined total value = 230,123,375,000
Strike 22300 has a total call value of 0 versus a total put value of 215,433,500,000 Combined total value = 215,433,500,000
Strike 22350 has a total call value of 0 versus a total put value of 200,999,625,000 Combined total value = 200,999,625,000
Strike 22400 has a total call value of 0 versus a total put value of 186,689,000,000 Combined total value = 186,689,000,000
Strike 22450 has a total call value of 0 versus a total put value of 172,750,125,000 Combined total value = 172,750,125,000
Strike 22500 has a total call value of 0 versus a total put value of 158,954,125,000 Combined total value = 158,954,125,000
Strike 22550 has a total call value of 0 versus a total put value of 145,782,875,000 Combined total value = 145,782,875,000
Strike 22600 has a total call value of 0 versus a total put value of 132,888,625,000 Combined total value = 132,888,625,000
Strike 22650 has a total call value of 9,875,000 versus a total put value of 120,376,750,000 Combined total value = 120,386,625,000
Strike 22700 has a total call value of 21,000,000 versus a total put value of 108,031,375,000 Combined total value = 108,052,375,000
Strike 22750 has a total call value of 36,375,000 versus a total put value of 96,205,750,000 Combined total value = 96,242,125,000
Strike 22800 has a total call value of 55,125,000 versus a total put value of 84,693,125,000 Combined total value = 84,748,250,000
Strike 22850 has a total call value of 78,125,000 versus a total put value of 73,649,375,000 Combined total value = 73,727,500,000
Strike 22900 has a total call value of 106,250,000 versus a total put value of 62,892,750,000 Combined total value = 62,999,000,000
Strike 22950 has a total call value of 151,875,000 versus a total put value of 53,060,500,000 Combined total value = 53,212,375,000
Strike 23000 has a total call value of 221,750,000 versus a total put value of 43,757,750,000 Combined total value = 43,979,500,000
Strike 23050 has a total call value of 411,000,000 versus a total put value of 35,626,625,000 Combined total value = 36,037,625,000
Strike 23100 has a total call value of 679,000,000 versus a total put value of 28,134,625,000 Combined total value = 28,813,625,000
Strike 23150 has a total call value of 1,124,625,000 versus a total put value of 21,910,875,000 Combined total value = 23,035,500,000
Strike 23200 has a total call value of 1,810,125,000 versus a total put value of 16,481,750,000 Combined total value = 18,291,875,000
Strike 23250 has a total call value of 3,080,750,000 versus a total put value of 12,114,875,000 Combined total value = 15,195,625,000
Strike 23300 has a total call value of 4,728,000,000 versus a total put value of 8,520,125,000 Combined total value = 13,248,125,000
Strike 23350 has a total call value of 7,786,500,000 versus a total put value of 6,497,125,000 Combined total value = 14,283,625,000
Strike 23400 has a total call value of 11,514,375,000 versus a total put value of 5,032,375,000 Combined total value = 16,546,750,000
Strike 23450 has a total call value of 16,485,750,000 versus a total put value of 4,033,500,000 Combined total value = 20,519,250,000
Strike 23500 has a total call value of 22,179,875,000 versus a total put value of 3,216,250,000 Combined total value = 25,396,125,000
Strike 23550 has a total call value of 29,026,000,000 versus a total put value of 2,755,125,000 Combined total value = 31,781,125,000
Strike 23600 has a total call value of 36,368,750,000 versus a total put value of 2,331,250,000 Combined total value = 38,700,000,000
Strike 23650 has a total call value of 44,335,500,000 versus a total put value of 1,966,500,000 Combined total value = 46,302,000,000
Strike 23700 has a total call value of 52,785,750,000 versus a total put value of 1,634,000,000 Combined total value = 54,419,750,000
Strike 23750 has a total call value of 61,939,750,000 versus a total put value of 1,350,750,000 Combined total value = 63,290,500,000
Strike 23800 has a total call value of 71,574,375,000 versus a total put value of 1,108,625,000 Combined total value = 72,683,000,000
Strike 23850 has a total call value of 82,327,000,000 versus a total put value of 924,250,000 Combined total value = 83,251,250,000
Strike 23900 has a total call value of 93,380,625,000 versus a total put value of 740,375,000 Combined total value = 94,121,000,000
Strike 23950 has a total call value of 104,779,500,000 versus a total put value of 587,000,000 Combined total value = 105,366,500,000
Strike 24000 has a total call value of 116,429,250,000 versus a total put value of 433,625,000 Combined total value = 116,862,875,000
Strike 24050 has a total call value of 129,363,625,000 versus a total put value of 387,375,000 Combined total value = 129,751,000,000
Strike 24100 has a total call value of 142,586,625,000 versus a total put value of 341,125,000 Combined total value = 142,927,750,000
Strike 24150 has a total call value of 158,548,125,000 versus a total put value of 294,875,000 Combined total value = 158,843,000,000
Strike 24200 has a total call value of 174,729,375,000 versus a total put value of 248,625,000 Combined total value = 174,978,000,000
Strike 24250 has a total call value of 191,261,625,000 versus a total put value of 231,250,000 Combined total value = 191,492,875,000
Strike 24300 has a total call value of 207,964,875,000 versus a total put value of 215,250,000 Combined total value = 208,180,125,000
Strike 24350 has a total call value of 224,991,375,000 versus a total put value of 199,875,000 Combined total value = 225,191,250,000
Strike 24400 has a total call value of 242,121,250,000 versus a total put value of 184,500,000 Combined total value = 242,305,750,000
Strike 24450 has a total call value of 259,413,750,000 versus a total put value of 169,125,000 Combined total value = 259,582,875,000
Strike 24500 has a total call value of 276,759,875,000 versus a total put value of 153,750,000 Combined total value = 276,913,625,000
Strike 24550 has a total call value of 294,699,875,000 versus a total put value of 138,375,000 Combined total value = 294,838,250,000
Strike 24600 has a total call value of 312,678,625,000 versus a total put value of 123,000,000 Combined total value = 312,801,625,000
Strike 24650 has a total call value of 330,802,125,000 versus a total put value of 107,625,000 Combined total value = 330,909,750,000
Strike 24700 has a total call value of 348,949,125,000 versus a total put value of 92,250,000 Combined total value = 349,041,375,000
Strike 24750 has a total call value of 367,227,500,000 versus a total put value of 76,875,000 Combined total value = 367,304,375,000
Strike 24800 has a total call value of 385,531,750,000 versus a total put value of 61,500,000 Combined total value = 385,593,250,000
Strike 24850 has a total call value of 404,058,125,000 versus a total put value of 46,125,000 Combined total value = 404,104,250,000
Strike 24900 has a total call value of 422,647,500,000 versus a total put value of 30,750,000 Combined total value = 422,678,250,000
Strike 24950 has a total call value of 441,311,000,000 versus a total put value of 15,375,000 Combined total value = 441,326,375,000
Strike 25000 has a total call value of 460,021,000,000 versus a total put value of 0 Combined total value = 460,021,000,000
Strike 25050 has a total call value of 479,623,625,000 versus a total put value of 0 Combined total value = 479,623,625,000
Strike 25100 has a total call value of 499,254,375,000 versus a total put value of 0 Combined total value = 499,254,375,000
Strike 25150 has a total call value of 518,888,750,000 versus a total put value of 0 Combined total value = 518,888,750,000
Strike 25200 has a total call value of 538,530,875,000 versus a total put value of 0 Combined total value = 538,530,875,000
Strike 25250 has a total call value of 558,185,625,000 versus a total put value of 0 Combined total value = 558,185,625,000
Strike 25300 has a total call value of 577,853,375,000 versus a total put value of 0 Combined total value = 577,853,375,000
Strike 25350 has a total call value of 597,521,125,000 versus a total put value of 0 Combined total value = 597,521,125,000
Strike 25400 has a total call value of 617,191,625,000 versus a total put value of 0 Combined total value = 617,191,625,000
Strike 25450 has a total call value of 636,909,250,000 versus a total put value of 0 Combined total value = 636,909,250,000
Strike 25500 has a total call value of 656,627,125,000 versus a total put value of 0 Combined total value = 656,627,125,000
Strike 25550 has a total call value of 676,653,875,000 versus a total put value of 0 Combined total value = 676,653,875,000
Strike 25600 has a total call value of 696,680,625,000 versus a total put value of 0 Combined total value = 696,680,625,000
Strike 25650 has a total call value of 716,707,375,000 versus a total put value of 0 Combined total value = 716,707,375,000
Strike 25700 has a total call value of 736,734,125,000 versus a total put value of 0 Combined total value = 736,734,125,000
Strike 25750 has a total call value of 756,760,875,000 versus a total put value of 0 Combined total value = 756,760,875,000
Strike 25800 has a total call value of 776,787,625,000 versus a total put value of 0 Combined total value = 776,787,625,000
Strike 25850 has a total call value of 796,814,375,000 versus a total put value of 0 Combined total value = 796,814,375,000
Strike 25900 has a total call value of 816,841,125,000 versus a total put value of 0 Combined total value = 816,841,125,000
Strike 25950 has a total call value of 836,874,125,000 versus a total put value of 0 Combined total value = 836,874,125,000
Strike 26000 has a total call value of 856,907,125,000 versus a total put value of 0 Combined total value = 856,907,125,000
Strike 26050 has a total call value of 877,012,500,000 versus a total put value of 0 Combined total value = 877,012,500,000
Strike 26100 has a total call value of 897,117,875,000 versus a total put value of 0 Combined total value = 897,117,875,000
Strike 26150 has a total call value of 917,223,875,000 versus a total put value of 0 Combined total value = 917,223,875,000
Strike 26200 has a total call value of 937,329,875,000 versus a total put value of 0 Combined total value = 937,329,875,000
Strike 26250 has a total call value of 957,437,500,000 versus a total put value of 0 Combined total value = 957,437,500,000
Strike 26300 has a total call value of 977,545,125,000 versus a total put value of 0 Combined total value = 977,545,125,000
Strike 26350 has a total call value of 997,672,500,000 versus a total put value of 0 Combined total value = 997,672,500,000
Strike 26400 has a total call value of 1,017,799,875,000 versus a total put value of 0 Combined total value = 1,017,799,875,000
Strike 26450 has a total call value of 1,037,939,625,000 versus a total put value of 0 Combined total value = 1,037,939,625,000
Strike 26500 has a total call value of 1,058,079,375,000 versus a total put value of 0 Combined total value = 1,058,079,375,000
Strike 26550 has a total call value of 1,078,227,000,000 versus a total put value of 0 Combined total value = 1,078,227,000,000
Strike 26600 has a total call value of 1,098,374,625,000 versus a total put value of 0 Combined total value = 1,098,374,625,000
Strike 26650 has a total call value of 1,118,522,250,000 versus a total put value of 0 Combined total value = 1,118,522,250,000
Strike 26700 has a total call value of 1,138,669,875,000 versus a total put value of 0 Combined total value = 1,138,669,875,000
Strike 26750 has a total call value of 1,158,817,500,000 versus a total put value of 0 Combined total value = 1,158,817,500,000
Strike 26800 has a total call value of 1,178,965,125,000 versus a total put value of 0 Combined total value = 1,178,965,125,000
Strike 26850 has a total call value of 1,199,112,750,000 versus a total put value of 0 Combined total value = 1,199,112,750,000
Strike 26900 has a total call value of 1,219,260,375,000 versus a total put value of 0 Combined total value = 1,219,260,375,000
Strike 26950 has a total call value of 1,239,408,000,000 versus a total put value of 0 Combined total value = 1,239,408,000,000
Strike 27000 has a total call value of 1,259,555,625,000 versus a total put value of 0 Combined total value = 1,259,555,625,000
Strike 27050 has a total call value of 1,279,768,875,000 versus a total put value of 0 Combined total value = 1,279,768,875,000
Strike 27100 has a total call value of 1,299,982,125,000 versus a total put value of 0 Combined total value = 1,299,982,125,000
Strike 27150 has a total call value of 1,320,235,000,000 versus a total put value of 0 Combined total value = 1,320,235,000,000
Strike 27200 has a total call value of 1,340,487,875,000 versus a total put value of 0 Combined total value = 1,340,487,875,000
Strike 27250 has a total call value of 1,360,740,750,000 versus a total put value of 0 Combined total value = 1,360,740,750,000
Strike 27300 has a total call value of 1,380,993,625,000 versus a total put value of 0 Combined total value = 1,380,993,625,000
Strike 27350 has a total call value of 1,401,246,500,000 versus a total put value of 0 Combined total value = 1,401,246,500,000
Strike 27400 has a total call value of 1,421,499,375,000 versus a total put value of 0 Combined total value = 1,421,499,375,000
Strike 27450 has a total call value of 1,441,752,250,000 versus a total put value of 0 Combined total value = 1,441,752,250,000
Strike 27500 has a total call value of 1,462,005,125,000 versus a total put value of 0 Combined total value = 1,462,005,125,000
Strike 27550 has a total call value of 1,482,258,000,000 versus a total put value of 0 Combined total value = 1,482,258,000,000
Strike 27600 has a total call value of 1,502,510,875,000 versus a total put value of 0 Combined total value = 1,502,510,875,000
Strike 27650 has a total call value of 1,522,763,750,000 versus a total put value of 0 Combined total value = 1,522,763,750,000
Strike 27700 has a total call value of 1,543,016,625,000 versus a total put value of 0 Combined total value = 1,543,016,625,000
Strike 27750 has a total call value of 1,563,269,500,000 versus a total put value of 0 Combined total value = 1,563,269,500,000
Strike 27800 has a total call value of 1,583,522,375,000 versus a total put value of 0 Combined total value = 1,583,522,375,000
Strike 27850 has a total call value of 1,603,775,250,000 versus a total put value of 0 Combined total value = 1,603,775,250,000
Strike 27900 has a total call value of 1,624,028,125,000 versus a total put value of 0 Combined total value = 1,624,028,125,000
Strike 27950 has a total call value of 1,644,281,000,000 versus a total put value of 0 Combined total value = 1,644,281,000,000
Strike 28000 has a total call value of 1,664,533,875,000 versus a total put value of 0 Combined total value = 1,664,533,875,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 426.65 | 470 |
| ABB | 6788 | 7000 |
| ABBOTINDIA | 26999.2 | 28000 |
| ABCAPITAL | 182.88 | 200 |
| ABFRL | 287.6 | 300 |
| ACC | 2016.7 | 2260 |
| ADANIENT | 2252 | 2720 |
| ADANIPORTS | 1065.55 | 1200 |
| ALKEM | 5618.95 | 5600 |
| AMBUJACEM | 487.75 | 540 |
| APOLLOHOSP | 6679.1 | 6900 |
| APOLLOTYRE | 485.15 | 480 |
| ASHOKLEY | 218.98 | 220 |
| ASIANPAINT | 2438.05 | 2560 |
| ASTRAL | 1717.9 | 1780 |
| ATUL | 7285 | 7500 |
| AUBANK | 593.8 | 590 |
| AUROPHARMA | 1229 | 1300 |
| AXISBANK | 1149.85 | 1150 |
| BAJAJ-AUTO | 9500.3 | 9700 |
| BAJAJFINSV | 1577.05 | 1620 |
| BAJFINANCE | 6484.85 | 6700 |
| BALKRISIND | 2738.7 | 2800 |
| BANDHANBNK | 166.28 | 177.5 |
| BANKBARODA | 228.1 | 240 |
| BATAINDIA | 1285.85 | 1310 |
| BEL | 275.9 | 285 |
| BERGEPAINT | 467.4 | 495 |
| BHARATFORG | 1310.8 | 1340 |
| BHARTIARTL | 1512.2 | 1560 |
| BHEL | 225.09 | 230 |
| BIOCON | 325.45 | 330 |
| BOSCHLTD | 34190 | 34000 |
| BPCL | 282.6 | 300 |
| BRITANNIA | 4772.4 | 5000 |
| BSOFT | 545.6 | 560 |
| CANBK | 95.06 | 100 |
| CANFINHOME | 823.2 | 830 |
| CHAMBLFERT | 461.9 | 480 |
| CHOLAFIN | 1213.4 | 1240 |
| CIPLA | 1463.75 | 1520 |
| COALINDIA | 405.8 | 425 |
| COFORGE | 8212.05 | 8000 |
| COLPAL | 2704.75 | 2800 |
| CONCOR | 773.1 | 810 |
| COROMANDEL | 1772.75 | 1720 |
| CROMPTON | 386.6 | 390 |
| CUB | 170.38 | 175 |
| CUMMINSIND | 3297.25 | 3400 |
| DABUR | 506.45 | 525 |
| DALBHARAT | 1747.75 | 1740 |
| DEEPAKNTR | 2654 | 2650 |
| DIVISLAB | 5970 | 5900 |
| DIXON | 15236 | 14750 |
| DLF | 771.25 | 780 |
| DRREDDY | 1193.85 | 1220 |
| EICHERMOT | 4906.9 | 4900 |
| ESCORTS | 3440 | 3600 |
| EXIDEIND | 417.15 | 440 |
| FEDERALBNK | 209.04 | 205 |
| GAIL | 188.21 | 195 |
| GLENMARK | 1473.55 | 1540 |
| GMRINFRA | 77.22 | 82 |
| GNFC | 559.85 | 590 |
| GODREJCP | 1182.9 | 1200 |
| GODREJPROP | 2726.8 | 2750 |
| GRANULES | 542.6 | 580 |
| GRASIM | 2535.75 | 2520 |
| GUJGASLTD | 458.6 | 470 |
| HAL | 3995.35 | 4200 |
| HAVELLS | 1631.1 | 1640 |
| HCLTECH | 1827.9 | 1820 |
| HDFCAMC | 4207.05 | 4300 |
| HDFCBANK | 1748.55 | 1740 |
| HDFCLIFE | 671 | 680 |
| HEROMOTOCO | 4795.05 | 4800 |
| HINDALCO | 650.3 | 650 |
| HINDCOPPER | 263.1 | 290 |
| HINDPETRO | 360.8 | 380 |
| HINDUNILVR | 2391.6 | 2480 |
| ICICIBANK | 1253.4 | 1260 |
| ICICIGI | 1831.9 | 1880 |
| ICICIPRULI | 684.5 | 690 |
| IDEA | 6.89 | 8 |
| IDFCFIRSTB | 63.58 | 66 |
| IEX | 161.9 | 170 |
| IGL | 313.7 | 330 |
| INDHOTEL | 787 | 760 |
| INDIAMART | 2252.8 | 2350 |
| INDIGO | 4074 | 4000 |
| INDUSINDBK | 978.3 | 1040 |
| INDUSTOWER | 332.15 | 340 |
| INFY | 1826.55 | 1800 |
| IOC | 131.19 | 140 |
| IPCALAB | 1579.15 | 1560 |
| IRCTC | 795.4 | 820 |
| ITC | 458.9 | 475 |
| JINDALSTEL | 876.3 | 900 |
| JKCEMENT | 3999.1 | 4000 |
| JSWSTEEL | 943.55 | 960 |
| JUBLFOOD | 610.3 | 610 |
| KOTAKBANK | 1736.05 | 1760 |
| LALPATHLAB | 3027.85 | 3100 |
| LAURUSLABS | 490.6 | 490 |
| LICHSGFIN | 613 | 630 |
| LT | 3490.05 | 3600 |
| LTF | 138.27 | 140 |
| LTIM | 5897.3 | 5900 |
| LTTS | 5144.5 | 5150 |
| LUPIN | 2051.25 | 2100 |
| M&M | 2935.75 | 2900 |
| M&MFIN | 258.25 | 265 |
| MANAPPURAM | 151.38 | 155 |
| MARICO | 589.75 | 600 |
| MARUTI | 10908.1 | 11000 |
| MCX | 6228.85 | 6200 |
| METROPOLIS | 2006 | 2060 |
| MFSL | 1182.95 | 1200 |
| MGL | 1120.6 | 1160 |
| MOTHERSON | 162.97 | 172.5 |
| MPHASIS | 2780.35 | 2850 |
| MRF | 123884.4 | 122500 |
| MUTHOOTFIN | 1900.75 | 1880 |
| NATIONALUM | 253.08 | 240 |
| NAUKRI | 7522.4 | 7700 |
| NAVINFLUOR | 3293.6 | 3400 |
| NESTLEIND | 2207.55 | 2280 |
| NMDC | 220.65 | 225 |
| NTPC | 359.6 | 375 |
| OBEROIRLTY | 1947.2 | 1960 |
| OFSS | 11200 | 11500 |
| ONGC | 244.3 | 254 |
| PAGEIND | 44889.25 | 45500 |
| PEL | 1054.1 | 1060 |
| PERSISTENT | 5733.85 | 5600 |
| PETRONET | 321.2 | 328 |
| PFC | 450.95 | 460 |
| PIDILITIND | 2982.55 | 3080 |
| PIIND | 4134.65 | 4200 |
| PNB | 97.02 | 102 |
| POLYCAB | 6480.9 | 6500 |
| POWERGRID | 321.2 | 320 |
| PVRINOX | 1454.95 | 1500 |
| RAMCOCEM | 913.45 | 890 |
| RBLBANK | 158.25 | 160 |
| RECLTD | 496.75 | 510 |
| RELIANCE | 1223.45 | 1290 |
| SAIL | 111.75 | 115 |
| SBICARD | 676.75 | 690 |
| SBILIFE | 1479.85 | 1540 |
| SBIN | 778.25 | 800 |
| SHREECEM | 24306.8 | 24250 |
| SHRIRAMFIN | 2796.95 | 2900 |
| SIEMENS | 6684.45 | 6800 |
| SRF | 2170 | 2260 |
| SUNPHARMA | 1774.55 | 1800 |
| SUNTV | 729.45 | 730 |
| SYNGENE | 851.2 | 860 |
| TATACHEM | 1059.4 | 1100 |
| TATACOMM | 1713.75 | 1780 |
| TATACONSUM | 914.5 | 950 |
| TATAMOTORS | 781.3 | 810 |
| TATAPOWER | 409 | 420 |
| TATASTEEL | 141.07 | 145 |
| TCS | 4038.6 | 4100 |
| TECHM | 1689.45 | 1680 |
| TITAN | 3181.85 | 3200 |
| TORNTPHARM | 3098.65 | 3150 |
| TRENT | 6458.55 | 6600 |
| TVSMOTOR | 2412.2 | 2450 |
| UBL | 1829.05 | 1880 |
| ULTRACEMCO | 10863.8 | 11000 |
| UNITDSPR | 1494.7 | 1460 |
| UPL | 556.65 | 540 |
| VEDL | 444.15 | 460 |
| VOLTAS | 1690.05 | 1700 |
| WIPRO | 556.5 | 560 |
| ZYDUSLIFE | 942.75 | 960 |
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.
