FINNIFTY
Nifty Financial Services
Max pain for FINNIFTY
18 Sep 2024 04:13 PM IST
Max Pain for FINNIFTY is 24250
Strike 19500 has a total call value of 0 versus a total put value of 2,491,361,250,000 Combined total value = 2,491,361,250,000
Strike 19600 has a total call value of 0 versus a total put value of 2,428,577,000,000 Combined total value = 2,428,577,000,000
Strike 19700 has a total call value of 0 versus a total put value of 2,365,792,750,000 Combined total value = 2,365,792,750,000
Strike 19750 has a total call value of 0 versus a total put value of 2,334,400,625,000 Combined total value = 2,334,400,625,000
Strike 19800 has a total call value of 0 versus a total put value of 2,303,008,500,000 Combined total value = 2,303,008,500,000
Strike 19850 has a total call value of 0 versus a total put value of 2,271,616,375,000 Combined total value = 2,271,616,375,000
Strike 19900 has a total call value of 0 versus a total put value of 2,240,224,250,000 Combined total value = 2,240,224,250,000
Strike 19950 has a total call value of 0 versus a total put value of 2,208,832,125,000 Combined total value = 2,208,832,125,000
Strike 20000 has a total call value of 0 versus a total put value of 2,177,440,000,000 Combined total value = 2,177,440,000,000
Strike 20050 has a total call value of 0 versus a total put value of 2,146,047,875,000 Combined total value = 2,146,047,875,000
Strike 20100 has a total call value of 0 versus a total put value of 2,114,655,750,000 Combined total value = 2,114,655,750,000
Strike 20150 has a total call value of 0 versus a total put value of 2,083,263,625,000 Combined total value = 2,083,263,625,000
Strike 20200 has a total call value of 0 versus a total put value of 2,051,871,500,000 Combined total value = 2,051,871,500,000
Strike 20250 has a total call value of 0 versus a total put value of 2,020,479,375,000 Combined total value = 2,020,479,375,000
Strike 20300 has a total call value of 0 versus a total put value of 1,989,087,250,000 Combined total value = 1,989,087,250,000
Strike 20350 has a total call value of 0 versus a total put value of 1,957,695,125,000 Combined total value = 1,957,695,125,000
Strike 20400 has a total call value of 0 versus a total put value of 1,926,303,000,000 Combined total value = 1,926,303,000,000
Strike 20450 has a total call value of 0 versus a total put value of 1,894,910,875,000 Combined total value = 1,894,910,875,000
Strike 20500 has a total call value of 0 versus a total put value of 1,863,518,750,000 Combined total value = 1,863,518,750,000
Strike 20550 has a total call value of 0 versus a total put value of 1,832,126,625,000 Combined total value = 1,832,126,625,000
Strike 20600 has a total call value of 0 versus a total put value of 1,800,734,500,000 Combined total value = 1,800,734,500,000
Strike 20650 has a total call value of 0 versus a total put value of 1,769,398,250,000 Combined total value = 1,769,398,250,000
Strike 20700 has a total call value of 0 versus a total put value of 1,738,062,000,000 Combined total value = 1,738,062,000,000
Strike 20750 has a total call value of 0 versus a total put value of 1,706,735,875,000 Combined total value = 1,706,735,875,000
Strike 20800 has a total call value of 0 versus a total put value of 1,675,409,750,000 Combined total value = 1,675,409,750,000
Strike 20850 has a total call value of 0 versus a total put value of 1,644,242,875,000 Combined total value = 1,644,242,875,000
Strike 20900 has a total call value of 0 versus a total put value of 1,613,076,000,000 Combined total value = 1,613,076,000,000
Strike 20950 has a total call value of 0 versus a total put value of 1,581,964,625,000 Combined total value = 1,581,964,625,000
Strike 21000 has a total call value of 0 versus a total put value of 1,550,853,250,000 Combined total value = 1,550,853,250,000
Strike 21050 has a total call value of 0 versus a total put value of 1,520,328,125,000 Combined total value = 1,520,328,125,000
Strike 21100 has a total call value of 0 versus a total put value of 1,489,803,000,000 Combined total value = 1,489,803,000,000
Strike 21150 has a total call value of 0 versus a total put value of 1,459,311,000,000 Combined total value = 1,459,311,000,000
Strike 21200 has a total call value of 0 versus a total put value of 1,428,819,000,000 Combined total value = 1,428,819,000,000
Strike 21250 has a total call value of 0 versus a total put value of 1,398,338,125,000 Combined total value = 1,398,338,125,000
Strike 21300 has a total call value of 0 versus a total put value of 1,367,857,250,000 Combined total value = 1,367,857,250,000
Strike 21350 has a total call value of 0 versus a total put value of 1,337,403,500,000 Combined total value = 1,337,403,500,000
Strike 21400 has a total call value of 0 versus a total put value of 1,306,949,750,000 Combined total value = 1,306,949,750,000
Strike 21450 has a total call value of 0 versus a total put value of 1,276,523,000,000 Combined total value = 1,276,523,000,000
Strike 21500 has a total call value of 0 versus a total put value of 1,246,096,250,000 Combined total value = 1,246,096,250,000
Strike 21550 has a total call value of 0 versus a total put value of 1,216,274,375,000 Combined total value = 1,216,274,375,000
Strike 21600 has a total call value of 0 versus a total put value of 1,186,452,500,000 Combined total value = 1,186,452,500,000
Strike 21650 has a total call value of 0 versus a total put value of 1,156,776,000,000 Combined total value = 1,156,776,000,000
Strike 21700 has a total call value of 0 versus a total put value of 1,127,099,500,000 Combined total value = 1,127,099,500,000
Strike 21750 has a total call value of 0 versus a total put value of 1,097,531,000,000 Combined total value = 1,097,531,000,000
Strike 21800 has a total call value of 0 versus a total put value of 1,067,962,500,000 Combined total value = 1,067,962,500,000
Strike 21850 has a total call value of 0 versus a total put value of 1,038,497,875,000 Combined total value = 1,038,497,875,000
Strike 21900 has a total call value of 0 versus a total put value of 1,009,033,250,000 Combined total value = 1,009,033,250,000
Strike 21950 has a total call value of 0 versus a total put value of 979,698,000,000 Combined total value = 979,698,000,000
Strike 22000 has a total call value of 0 versus a total put value of 950,362,750,000 Combined total value = 950,362,750,000
Strike 22050 has a total call value of 0 versus a total put value of 921,644,500,000 Combined total value = 921,644,500,000
Strike 22100 has a total call value of 0 versus a total put value of 892,926,250,000 Combined total value = 892,926,250,000
Strike 22150 has a total call value of 0 versus a total put value of 864,313,875,000 Combined total value = 864,313,875,000
Strike 22200 has a total call value of 0 versus a total put value of 835,701,500,000 Combined total value = 835,701,500,000
Strike 22250 has a total call value of 0 versus a total put value of 807,475,750,000 Combined total value = 807,475,750,000
Strike 22300 has a total call value of 0 versus a total put value of 779,270,875,000 Combined total value = 779,270,875,000
Strike 22350 has a total call value of 0 versus a total put value of 751,196,000,000 Combined total value = 751,196,000,000
Strike 22400 has a total call value of 0 versus a total put value of 723,121,125,000 Combined total value = 723,121,125,000
Strike 22450 has a total call value of 0 versus a total put value of 695,188,000,000 Combined total value = 695,188,000,000
Strike 22500 has a total call value of 0 versus a total put value of 667,300,625,000 Combined total value = 667,300,625,000
Strike 22550 has a total call value of 0 versus a total put value of 640,138,875,000 Combined total value = 640,138,875,000
Strike 22600 has a total call value of 0 versus a total put value of 613,202,000,000 Combined total value = 613,202,000,000
Strike 22650 has a total call value of 0 versus a total put value of 586,698,750,000 Combined total value = 586,698,750,000
Strike 22700 has a total call value of 0 versus a total put value of 560,266,750,000 Combined total value = 560,266,750,000
Strike 22750 has a total call value of 0 versus a total put value of 534,010,250,000 Combined total value = 534,010,250,000
Strike 22800 has a total call value of 0 versus a total put value of 507,766,000,000 Combined total value = 507,766,000,000
Strike 22850 has a total call value of 0 versus a total put value of 482,313,500,000 Combined total value = 482,313,500,000
Strike 22900 has a total call value of 0 versus a total put value of 456,935,250,000 Combined total value = 456,935,250,000
Strike 22950 has a total call value of 0 versus a total put value of 431,973,875,000 Combined total value = 431,973,875,000
Strike 23000 has a total call value of 0 versus a total put value of 407,115,625,000 Combined total value = 407,115,625,000
Strike 23050 has a total call value of 0 versus a total put value of 383,931,625,000 Combined total value = 383,931,625,000
Strike 23100 has a total call value of 0 versus a total put value of 361,034,250,000 Combined total value = 361,034,250,000
Strike 23150 has a total call value of 21,500,000 versus a total put value of 338,816,000,000 Combined total value = 338,837,500,000
Strike 23200 has a total call value of 43,000,000 versus a total put value of 316,681,000,000 Combined total value = 316,724,000,000
Strike 23250 has a total call value of 65,875,000 versus a total put value of 295,522,250,000 Combined total value = 295,588,125,000
Strike 23300 has a total call value of 88,750,000 versus a total put value of 274,456,000,000 Combined total value = 274,544,750,000
Strike 23350 has a total call value of 114,250,000 versus a total put value of 254,280,125,000 Combined total value = 254,394,375,000
Strike 23400 has a total call value of 139,875,000 versus a total put value of 234,201,500,000 Combined total value = 234,341,375,000
Strike 23450 has a total call value of 166,500,000 versus a total put value of 214,570,500,000 Combined total value = 214,737,000,000
Strike 23500 has a total call value of 193,125,000 versus a total put value of 195,165,250,000 Combined total value = 195,358,375,000
Strike 23550 has a total call value of 364,750,000 versus a total put value of 177,503,750,000 Combined total value = 177,868,500,000
Strike 23600 has a total call value of 538,125,000 versus a total put value of 160,064,000,000 Combined total value = 160,602,125,000
Strike 23650 has a total call value of 753,500,000 versus a total put value of 143,285,750,000 Combined total value = 144,039,250,000
Strike 23700 has a total call value of 986,375,000 versus a total put value of 126,806,500,000 Combined total value = 127,792,875,000
Strike 23750 has a total call value of 1,315,000,000 versus a total put value of 111,089,000,000 Combined total value = 112,404,000,000
Strike 23800 has a total call value of 1,691,000,000 versus a total put value of 95,759,250,000 Combined total value = 97,450,250,000
Strike 23850 has a total call value of 2,162,875,000 versus a total put value of 81,558,500,000 Combined total value = 83,721,375,000
Strike 23900 has a total call value of 2,678,125,000 versus a total put value of 67,956,625,000 Combined total value = 70,634,750,000
Strike 23950 has a total call value of 3,364,375,000 versus a total put value of 55,356,000,000 Combined total value = 58,720,375,000
Strike 24000 has a total call value of 4,155,375,000 versus a total put value of 43,366,500,000 Combined total value = 47,521,875,000
Strike 24050 has a total call value of 6,036,500,000 versus a total put value of 33,689,250,000 Combined total value = 39,725,750,000
Strike 24100 has a total call value of 8,141,250,000 versus a total put value of 24,694,875,000 Combined total value = 32,836,125,000
Strike 24150 has a total call value of 10,671,375,000 versus a total put value of 18,338,750,000 Combined total value = 29,010,125,000
Strike 24200 has a total call value of 13,487,875,000 versus a total put value of 12,756,000,000 Combined total value = 26,243,875,000
Strike 24250 has a total call value of 17,047,625,000 versus a total put value of 8,622,875,000 Combined total value = 25,670,500,000
Strike 24300 has a total call value of 21,029,125,000 versus a total put value of 5,291,125,000 Combined total value = 26,320,250,000
Strike 24350 has a total call value of 26,191,375,000 versus a total put value of 3,403,750,000 Combined total value = 29,595,125,000
Strike 24400 has a total call value of 31,942,500,000 versus a total put value of 2,082,500,000 Combined total value = 34,025,000,000
Strike 24450 has a total call value of 38,658,500,000 versus a total put value of 1,220,000,000 Combined total value = 39,878,500,000
Strike 24500 has a total call value of 46,009,000,000 versus a total put value of 598,500,000 Combined total value = 46,607,500,000
Strike 24550 has a total call value of 54,673,500,000 versus a total put value of 430,000,000 Combined total value = 55,103,500,000
Strike 24600 has a total call value of 63,580,375,000 versus a total put value of 292,875,000 Combined total value = 63,873,250,000
Strike 24650 has a total call value of 73,298,875,000 versus a total put value of 204,125,000 Combined total value = 73,503,000,000
Strike 24700 has a total call value of 83,335,500,000 versus a total put value of 138,625,000 Combined total value = 83,474,125,000
Strike 24750 has a total call value of 94,130,375,000 versus a total put value of 90,250,000 Combined total value = 94,220,625,000
Strike 24800 has a total call value of 105,717,000,000 versus a total put value of 54,500,000 Combined total value = 105,771,500,000
Strike 24850 has a total call value of 118,203,000,000 versus a total put value of 40,875,000 Combined total value = 118,243,875,000
Strike 24900 has a total call value of 131,138,500,000 versus a total put value of 27,250,000 Combined total value = 131,165,750,000
Strike 24950 has a total call value of 145,009,500,000 versus a total put value of 13,625,000 Combined total value = 145,023,125,000
Strike 25000 has a total call value of 159,188,625,000 versus a total put value of 0 Combined total value = 159,188,625,000
Strike 25050 has a total call value of 175,342,125,000 versus a total put value of 0 Combined total value = 175,342,125,000
Strike 25100 has a total call value of 191,956,500,000 versus a total put value of 0 Combined total value = 191,956,500,000
Strike 25150 has a total call value of 209,710,625,000 versus a total put value of 0 Combined total value = 209,710,625,000
Strike 25200 has a total call value of 227,687,000,000 versus a total put value of 0 Combined total value = 227,687,000,000
Strike 25250 has a total call value of 247,208,000,000 versus a total put value of 0 Combined total value = 247,208,000,000
Strike 25300 has a total call value of 266,836,000,000 versus a total put value of 0 Combined total value = 266,836,000,000
Strike 25350 has a total call value of 287,452,750,000 versus a total put value of 0 Combined total value = 287,452,750,000
Strike 25400 has a total call value of 308,069,500,000 versus a total put value of 0 Combined total value = 308,069,500,000
Strike 25450 has a total call value of 330,641,750,000 versus a total put value of 0 Combined total value = 330,641,750,000
Strike 25500 has a total call value of 353,214,000,000 versus a total put value of 0 Combined total value = 353,214,000,000
Strike 25550 has a total call value of 377,407,875,000 versus a total put value of 0 Combined total value = 377,407,875,000
Strike 25600 has a total call value of 401,601,750,000 versus a total put value of 0 Combined total value = 401,601,750,000
Strike 25650 has a total call value of 426,324,875,000 versus a total put value of 0 Combined total value = 426,324,875,000
Strike 25700 has a total call value of 451,048,000,000 versus a total put value of 0 Combined total value = 451,048,000,000
Strike 25750 has a total call value of 476,372,625,000 versus a total put value of 0 Combined total value = 476,372,625,000
Strike 25800 has a total call value of 501,697,250,000 versus a total put value of 0 Combined total value = 501,697,250,000
Strike 25850 has a total call value of 527,601,250,000 versus a total put value of 0 Combined total value = 527,601,250,000
Strike 25900 has a total call value of 553,505,250,000 versus a total put value of 0 Combined total value = 553,505,250,000
Strike 25950 has a total call value of 579,865,250,000 versus a total put value of 0 Combined total value = 579,865,250,000
Strike 26000 has a total call value of 606,225,250,000 versus a total put value of 0 Combined total value = 606,225,250,000
Strike 26050 has a total call value of 637,291,250,000 versus a total put value of 0 Combined total value = 637,291,250,000
Strike 26100 has a total call value of 668,357,250,000 versus a total put value of 0 Combined total value = 668,357,250,000
Strike 26150 has a total call value of 699,849,750,000 versus a total put value of 0 Combined total value = 699,849,750,000
Strike 26200 has a total call value of 731,342,250,000 versus a total put value of 0 Combined total value = 731,342,250,000
Strike 26250 has a total call value of 763,301,375,000 versus a total put value of 0 Combined total value = 763,301,375,000
Strike 26300 has a total call value of 795,260,500,000 versus a total put value of 0 Combined total value = 795,260,500,000
Strike 26350 has a total call value of 827,816,500,000 versus a total put value of 0 Combined total value = 827,816,500,000
Strike 26400 has a total call value of 860,372,500,000 versus a total put value of 0 Combined total value = 860,372,500,000
Strike 26450 has a total call value of 893,265,000,000 versus a total put value of 0 Combined total value = 893,265,000,000
Strike 26500 has a total call value of 926,157,500,000 versus a total put value of 0 Combined total value = 926,157,500,000
Strike 26550 has a total call value of 960,748,625,000 versus a total put value of 0 Combined total value = 960,748,625,000
Strike 26600 has a total call value of 995,339,750,000 versus a total put value of 0 Combined total value = 995,339,750,000
Strike 26650 has a total call value of 1,029,930,875,000 versus a total put value of 0 Combined total value = 1,029,930,875,000
Strike 26700 has a total call value of 1,064,522,000,000 versus a total put value of 0 Combined total value = 1,064,522,000,000
Strike 26750 has a total call value of 1,099,113,125,000 versus a total put value of 0 Combined total value = 1,099,113,125,000
Strike 26800 has a total call value of 1,133,704,250,000 versus a total put value of 0 Combined total value = 1,133,704,250,000
Strike 26850 has a total call value of 1,168,295,375,000 versus a total put value of 0 Combined total value = 1,168,295,375,000
Strike 26900 has a total call value of 1,202,886,500,000 versus a total put value of 0 Combined total value = 1,202,886,500,000
Strike 26950 has a total call value of 1,237,477,625,000 versus a total put value of 0 Combined total value = 1,237,477,625,000
Strike 27000 has a total call value of 1,272,068,750,000 versus a total put value of 0 Combined total value = 1,272,068,750,000
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.