FINNIFTY
Nifty Financial Services
Max pain for FINNIFTY
04 Jul 2024 12:43 PM IST
Max Pain for FINNIFTY is 23850
Strike 19300 has a total call value of 0 versus a total put value of 3,321,616,400,000 Combined total value = 3,321,616,400,000
Strike 19350 has a total call value of 0 versus a total put value of 3,278,808,600,000 Combined total value = 3,278,808,600,000
Strike 19400 has a total call value of 0 versus a total put value of 3,236,000,800,000 Combined total value = 3,236,000,800,000
Strike 19450 has a total call value of 0 versus a total put value of 3,193,193,000,000 Combined total value = 3,193,193,000,000
Strike 19500 has a total call value of 0 versus a total put value of 3,150,385,200,000 Combined total value = 3,150,385,200,000
Strike 19550 has a total call value of 0 versus a total put value of 3,107,578,400,000 Combined total value = 3,107,578,400,000
Strike 19600 has a total call value of 0 versus a total put value of 3,064,771,600,000 Combined total value = 3,064,771,600,000
Strike 19650 has a total call value of 0 versus a total put value of 3,021,965,800,000 Combined total value = 3,021,965,800,000
Strike 19700 has a total call value of 0 versus a total put value of 2,979,160,000,000 Combined total value = 2,979,160,000,000
Strike 19750 has a total call value of 0 versus a total put value of 2,936,359,400,000 Combined total value = 2,936,359,400,000
Strike 19800 has a total call value of 0 versus a total put value of 2,893,558,800,000 Combined total value = 2,893,558,800,000
Strike 19850 has a total call value of 0 versus a total put value of 2,850,758,200,000 Combined total value = 2,850,758,200,000
Strike 19900 has a total call value of 0 versus a total put value of 2,807,957,600,000 Combined total value = 2,807,957,600,000
Strike 19950 has a total call value of 0 versus a total put value of 2,765,157,000,000 Combined total value = 2,765,157,000,000
Strike 20000 has a total call value of 0 versus a total put value of 2,722,356,400,000 Combined total value = 2,722,356,400,000
Strike 20050 has a total call value of 0 versus a total put value of 2,679,662,400,000 Combined total value = 2,679,662,400,000
Strike 20100 has a total call value of 0 versus a total put value of 2,636,968,400,000 Combined total value = 2,636,968,400,000
Strike 20150 has a total call value of 0 versus a total put value of 2,594,279,800,000 Combined total value = 2,594,279,800,000
Strike 20200 has a total call value of 0 versus a total put value of 2,551,591,200,000 Combined total value = 2,551,591,200,000
Strike 20250 has a total call value of 0 versus a total put value of 2,508,902,600,000 Combined total value = 2,508,902,600,000
Strike 20300 has a total call value of 0 versus a total put value of 2,466,214,000,000 Combined total value = 2,466,214,000,000
Strike 20350 has a total call value of 0 versus a total put value of 2,423,525,400,000 Combined total value = 2,423,525,400,000
Strike 20400 has a total call value of 0 versus a total put value of 2,380,836,800,000 Combined total value = 2,380,836,800,000
Strike 20450 has a total call value of 0 versus a total put value of 2,338,148,200,000 Combined total value = 2,338,148,200,000
Strike 20500 has a total call value of 0 versus a total put value of 2,295,459,600,000 Combined total value = 2,295,459,600,000
Strike 20550 has a total call value of 0 versus a total put value of 2,252,771,000,000 Combined total value = 2,252,771,000,000
Strike 20600 has a total call value of 0 versus a total put value of 2,210,082,400,000 Combined total value = 2,210,082,400,000
Strike 20650 has a total call value of 0 versus a total put value of 2,167,415,000,000 Combined total value = 2,167,415,000,000
Strike 20700 has a total call value of 0 versus a total put value of 2,124,747,600,000 Combined total value = 2,124,747,600,000
Strike 20750 has a total call value of 0 versus a total put value of 2,082,093,400,000 Combined total value = 2,082,093,400,000
Strike 20800 has a total call value of 0 versus a total put value of 2,039,439,200,000 Combined total value = 2,039,439,200,000
Strike 20850 has a total call value of 0 versus a total put value of 1,996,793,200,000 Combined total value = 1,996,793,200,000
Strike 20900 has a total call value of 0 versus a total put value of 1,954,148,200,000 Combined total value = 1,954,148,200,000
Strike 20950 has a total call value of 0 versus a total put value of 1,911,550,200,000 Combined total value = 1,911,550,200,000
Strike 21000 has a total call value of 0 versus a total put value of 1,868,952,200,000 Combined total value = 1,868,952,200,000
Strike 21050 has a total call value of 0 versus a total put value of 1,826,498,000,000 Combined total value = 1,826,498,000,000
Strike 21100 has a total call value of 0 versus a total put value of 1,784,047,800,000 Combined total value = 1,784,047,800,000
Strike 21150 has a total call value of 0 versus a total put value of 1,741,641,600,000 Combined total value = 1,741,641,600,000
Strike 21200 has a total call value of 0 versus a total put value of 1,699,235,400,000 Combined total value = 1,699,235,400,000
Strike 21250 has a total call value of 0 versus a total put value of 1,656,879,200,000 Combined total value = 1,656,879,200,000
Strike 21300 has a total call value of 0 versus a total put value of 1,614,529,400,000 Combined total value = 1,614,529,400,000
Strike 21350 has a total call value of 0 versus a total put value of 1,572,220,400,000 Combined total value = 1,572,220,400,000
Strike 21400 has a total call value of 0 versus a total put value of 1,529,931,600,000 Combined total value = 1,529,931,600,000
Strike 21450 has a total call value of 0 versus a total put value of 1,487,685,800,000 Combined total value = 1,487,685,800,000
Strike 21500 has a total call value of 0 versus a total put value of 1,445,441,000,000 Combined total value = 1,445,441,000,000
Strike 21550 has a total call value of 0 versus a total put value of 1,403,275,600,000 Combined total value = 1,403,275,600,000
Strike 21600 has a total call value of 0 versus a total put value of 1,361,110,200,000 Combined total value = 1,361,110,200,000
Strike 21650 has a total call value of 0 versus a total put value of 1,319,076,000,000 Combined total value = 1,319,076,000,000
Strike 21700 has a total call value of 0 versus a total put value of 1,277,046,600,000 Combined total value = 1,277,046,600,000
Strike 21750 has a total call value of 0 versus a total put value of 1,235,295,200,000 Combined total value = 1,235,295,200,000
Strike 21800 has a total call value of 0 versus a total put value of 1,193,551,000,000 Combined total value = 1,193,551,000,000
Strike 21850 has a total call value of 0 versus a total put value of 1,152,079,000,000 Combined total value = 1,152,079,000,000
Strike 21900 has a total call value of 0 versus a total put value of 1,110,616,400,000 Combined total value = 1,110,616,400,000
Strike 21950 has a total call value of 0 versus a total put value of 1,069,328,000,000 Combined total value = 1,069,328,000,000
Strike 22000 has a total call value of 0 versus a total put value of 1,028,061,600,000 Combined total value = 1,028,061,600,000
Strike 22050 has a total call value of 0 versus a total put value of 987,783,600,000 Combined total value = 987,783,600,000
Strike 22100 has a total call value of 0 versus a total put value of 947,551,400,000 Combined total value = 947,551,400,000
Strike 22150 has a total call value of 0 versus a total put value of 907,657,800,000 Combined total value = 907,657,800,000
Strike 22200 has a total call value of 0 versus a total put value of 867,799,200,000 Combined total value = 867,799,200,000
Strike 22250 has a total call value of 0 versus a total put value of 828,418,200,000 Combined total value = 828,418,200,000
Strike 22300 has a total call value of 0 versus a total put value of 789,096,400,000 Combined total value = 789,096,400,000
Strike 22350 has a total call value of 0 versus a total put value of 750,124,600,000 Combined total value = 750,124,600,000
Strike 22400 has a total call value of 0 versus a total put value of 711,219,800,000 Combined total value = 711,219,800,000
Strike 22450 has a total call value of 0 versus a total put value of 673,137,400,000 Combined total value = 673,137,400,000
Strike 22500 has a total call value of 0 versus a total put value of 635,246,600,000 Combined total value = 635,246,600,000
Strike 22550 has a total call value of 0 versus a total put value of 599,183,000,000 Combined total value = 599,183,000,000
Strike 22600 has a total call value of 0 versus a total put value of 563,256,600,000 Combined total value = 563,256,600,000
Strike 22650 has a total call value of 0 versus a total put value of 528,246,200,000 Combined total value = 528,246,200,000
Strike 22700 has a total call value of 0 versus a total put value of 493,501,000,000 Combined total value = 493,501,000,000
Strike 22750 has a total call value of 1,400,000 versus a total put value of 459,516,600,000 Combined total value = 459,518,000,000
Strike 22800 has a total call value of 2,800,000 versus a total put value of 425,880,200,000 Combined total value = 425,883,000,000
Strike 22850 has a total call value of 7,800,000 versus a total put value of 393,665,600,000 Combined total value = 393,673,400,000
Strike 22900 has a total call value of 12,800,000 versus a total put value of 361,759,800,000 Combined total value = 361,772,600,000
Strike 22950 has a total call value of 21,800,000 versus a total put value of 330,715,200,000 Combined total value = 330,737,000,000
Strike 23000 has a total call value of 30,800,000 versus a total put value of 300,111,600,000 Combined total value = 300,142,400,000
Strike 23050 has a total call value of 144,400,000 versus a total put value of 274,043,000,000 Combined total value = 274,187,400,000
Strike 23100 has a total call value of 258,000,000 versus a total put value of 248,222,600,000 Combined total value = 248,480,600,000
Strike 23150 has a total call value of 375,400,000 versus a total put value of 224,712,000,000 Combined total value = 225,087,400,000
Strike 23200 has a total call value of 492,800,000 versus a total put value of 201,556,600,000 Combined total value = 202,049,400,000
Strike 23250 has a total call value of 636,400,000 versus a total put value of 180,095,400,000 Combined total value = 180,731,800,000
Strike 23300 has a total call value of 780,000,000 versus a total put value of 159,364,400,000 Combined total value = 160,144,400,000
Strike 23350 has a total call value of 960,200,000 versus a total put value of 139,985,600,000 Combined total value = 140,945,800,000
Strike 23400 has a total call value of 1,140,400,000 versus a total put value of 121,303,400,000 Combined total value = 122,443,800,000
Strike 23450 has a total call value of 1,565,600,000 versus a total put value of 104,095,600,000 Combined total value = 105,661,200,000
Strike 23500 has a total call value of 2,075,400,000 versus a total put value of 87,898,400,000 Combined total value = 89,973,800,000
Strike 23550 has a total call value of 3,208,200,000 versus a total put value of 73,951,000,000 Combined total value = 77,159,200,000
Strike 23600 has a total call value of 4,472,600,000 versus a total put value of 60,581,400,000 Combined total value = 65,054,000,000
Strike 23650 has a total call value of 6,032,800,000 versus a total put value of 48,561,200,000 Combined total value = 54,594,000,000
Strike 23700 has a total call value of 7,715,400,000 versus a total put value of 37,124,800,000 Combined total value = 44,840,200,000
Strike 23750 has a total call value of 9,776,000,000 versus a total put value of 27,593,800,000 Combined total value = 37,369,800,000
Strike 23800 has a total call value of 12,144,800,000 versus a total put value of 18,770,400,000 Combined total value = 30,915,200,000
Strike 23850 has a total call value of 15,976,400,000 versus a total put value of 12,056,200,000 Combined total value = 28,032,600,000
Strike 23900 has a total call value of 21,295,800,000 versus a total put value of 6,995,800,000 Combined total value = 28,291,600,000
Strike 23950 has a total call value of 29,548,200,000 versus a total put value of 3,714,800,000 Combined total value = 33,263,000,000
Strike 24000 has a total call value of 40,013,200,000 versus a total put value of 1,353,200,000 Combined total value = 41,366,400,000
Strike 24050 has a total call value of 55,397,400,000 versus a total put value of 873,000,000 Combined total value = 56,270,400,000
Strike 24100 has a total call value of 72,174,400,000 versus a total put value of 561,200,000 Combined total value = 72,735,600,000
Strike 24150 has a total call value of 91,030,800,000 versus a total put value of 371,600,000 Combined total value = 91,402,400,000
Strike 24200 has a total call value of 111,014,200,000 versus a total put value of 237,400,000 Combined total value = 111,251,600,000
Strike 24250 has a total call value of 133,066,600,000 versus a total put value of 157,400,000 Combined total value = 133,224,000,000
Strike 24300 has a total call value of 156,399,600,000 versus a total put value of 95,800,000 Combined total value = 156,495,400,000
Strike 24350 has a total call value of 181,405,400,000 versus a total put value of 65,200,000 Combined total value = 181,470,600,000
Strike 24400 has a total call value of 207,623,000,000 versus a total put value of 36,600,000 Combined total value = 207,659,600,000
Strike 24450 has a total call value of 235,501,600,000 versus a total put value of 18,400,000 Combined total value = 235,520,000,000
Strike 24500 has a total call value of 264,098,000,000 versus a total put value of 5,200,000 Combined total value = 264,103,200,000
Strike 24550 has a total call value of 296,077,800,000 versus a total put value of 2,600,000 Combined total value = 296,080,400,000
Strike 24600 has a total call value of 328,726,800,000 versus a total put value of 0 Combined total value = 328,726,800,000
Strike 24650 has a total call value of 366,700,000,000 versus a total put value of 0 Combined total value = 366,700,000,000
Strike 24700 has a total call value of 405,426,200,000 versus a total put value of 0 Combined total value = 405,426,200,000
Strike 24750 has a total call value of 446,686,000,000 versus a total put value of 0 Combined total value = 446,686,000,000
Strike 24800 has a total call value of 488,855,000,000 versus a total put value of 0 Combined total value = 488,855,000,000
Strike 24850 has a total call value of 533,521,000,000 versus a total put value of 0 Combined total value = 533,521,000,000
Strike 24900 has a total call value of 578,884,200,000 versus a total put value of 0 Combined total value = 578,884,200,000
Strike 24950 has a total call value of 625,354,200,000 versus a total put value of 0 Combined total value = 625,354,200,000
Strike 25000 has a total call value of 672,043,400,000 versus a total put value of 0 Combined total value = 672,043,400,000
Strike 25050 has a total call value of 726,752,200,000 versus a total put value of 0 Combined total value = 726,752,200,000
Strike 25100 has a total call value of 781,626,000,000 versus a total put value of 0 Combined total value = 781,626,000,000
Strike 25150 has a total call value of 837,472,600,000 versus a total put value of 0 Combined total value = 837,472,600,000
Strike 25200 has a total call value of 893,477,600,000 versus a total put value of 0 Combined total value = 893,477,600,000
Strike 25250 has a total call value of 951,416,200,000 versus a total put value of 0 Combined total value = 951,416,200,000
Strike 25300 has a total call value of 1,009,354,800,000 versus a total put value of 0 Combined total value = 1,009,354,800,000
Strike 25350 has a total call value of 1,068,590,200,000 versus a total put value of 0 Combined total value = 1,068,590,200,000
Strike 25400 has a total call value of 1,127,825,600,000 versus a total put value of 0 Combined total value = 1,127,825,600,000
Strike 25450 has a total call value of 1,187,911,400,000 versus a total put value of 0 Combined total value = 1,187,911,400,000
Strike 25500 has a total call value of 1,247,997,200,000 versus a total put value of 0 Combined total value = 1,247,997,200,000
Strike 25550 has a total call value of 1,309,720,000,000 versus a total put value of 0 Combined total value = 1,309,720,000,000
Strike 25600 has a total call value of 1,371,442,800,000 versus a total put value of 0 Combined total value = 1,371,442,800,000
Strike 25650 has a total call value of 1,434,661,400,000 versus a total put value of 0 Combined total value = 1,434,661,400,000
Strike 25700 has a total call value of 1,497,880,000,000 versus a total put value of 0 Combined total value = 1,497,880,000,000
Strike 25750 has a total call value of 1,561,792,000,000 versus a total put value of 0 Combined total value = 1,561,792,000,000
Strike 25800 has a total call value of 1,625,704,000,000 versus a total put value of 0 Combined total value = 1,625,704,000,000
Strike 25850 has a total call value of 1,690,461,000,000 versus a total put value of 0 Combined total value = 1,690,461,000,000
Strike 25900 has a total call value of 1,755,218,000,000 versus a total put value of 0 Combined total value = 1,755,218,000,000
Strike 25950 has a total call value of 1,820,844,000,000 versus a total put value of 0 Combined total value = 1,820,844,000,000
Strike 26000 has a total call value of 1,886,470,000,000 versus a total put value of 0 Combined total value = 1,886,470,000,000
Strike 26050 has a total call value of 1,953,108,800,000 versus a total put value of 0 Combined total value = 1,953,108,800,000
Strike 26100 has a total call value of 2,019,747,600,000 versus a total put value of 0 Combined total value = 2,019,747,600,000
Strike 26150 has a total call value of 2,087,524,800,000 versus a total put value of 0 Combined total value = 2,087,524,800,000
Strike 26200 has a total call value of 2,155,302,000,000 versus a total put value of 0 Combined total value = 2,155,302,000,000
Strike 26250 has a total call value of 2,223,206,000,000 versus a total put value of 0 Combined total value = 2,223,206,000,000
Strike 26300 has a total call value of 2,291,110,000,000 versus a total put value of 0 Combined total value = 2,291,110,000,000
Strike 26350 has a total call value of 2,359,101,400,000 versus a total put value of 0 Combined total value = 2,359,101,400,000
Strike 26400 has a total call value of 2,427,092,800,000 versus a total put value of 0 Combined total value = 2,427,092,800,000
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.