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FINNIFTY
Nifty Financial Services

24326.9 335.35 (1.40%)

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

All Max-Pain Table


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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.