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FINNIFTY
Nifty Financial Services

23596.8 -51.55 (-0.22%)

Max pain for FINNIFTY

18 Jul 2024 09:23 AM IST

Max Pain for FINNIFTY is 23600  



Strike  20200  has a total call value of 0  versus a total put value of  400,268,200,000 Combined total value = 400,268,200,000

Strike  20250  has a total call value of 0  versus a total put value of  393,329,200,000 Combined total value = 393,329,200,000

Strike  20300  has a total call value of 0  versus a total put value of  386,390,200,000 Combined total value = 386,390,200,000

Strike  20350  has a total call value of 0  versus a total put value of  379,451,200,000 Combined total value = 379,451,200,000

Strike  20400  has a total call value of 0  versus a total put value of  372,512,200,000 Combined total value = 372,512,200,000

Strike  20450  has a total call value of 0  versus a total put value of  365,573,200,000 Combined total value = 365,573,200,000

Strike  20500  has a total call value of 0  versus a total put value of  358,634,200,000 Combined total value = 358,634,200,000

Strike  20550  has a total call value of 0  versus a total put value of  351,695,200,000 Combined total value = 351,695,200,000

Strike  20600  has a total call value of 0  versus a total put value of  344,756,200,000 Combined total value = 344,756,200,000

Strike  20650  has a total call value of 0  versus a total put value of  337,817,200,000 Combined total value = 337,817,200,000

Strike  20700  has a total call value of 0  versus a total put value of  330,878,200,000 Combined total value = 330,878,200,000

Strike  20750  has a total call value of 0  versus a total put value of  323,939,200,000 Combined total value = 323,939,200,000

Strike  20800  has a total call value of 0  versus a total put value of  317,000,200,000 Combined total value = 317,000,200,000

Strike  20850  has a total call value of 0  versus a total put value of  310,061,200,000 Combined total value = 310,061,200,000

Strike  20900  has a total call value of 0  versus a total put value of  303,122,200,000 Combined total value = 303,122,200,000

Strike  20950  has a total call value of 0  versus a total put value of  296,183,200,000 Combined total value = 296,183,200,000

Strike  21000  has a total call value of 0  versus a total put value of  289,244,200,000 Combined total value = 289,244,200,000

Strike  21050  has a total call value of 0  versus a total put value of  282,342,000,000 Combined total value = 282,342,000,000

Strike  21100  has a total call value of 0  versus a total put value of  275,439,800,000 Combined total value = 275,439,800,000

Strike  21150  has a total call value of 0  versus a total put value of  268,537,600,000 Combined total value = 268,537,600,000

Strike  21200  has a total call value of 0  versus a total put value of  261,635,400,000 Combined total value = 261,635,400,000

Strike  21250  has a total call value of 0  versus a total put value of  254,733,200,000 Combined total value = 254,733,200,000

Strike  21300  has a total call value of 0  versus a total put value of  247,831,000,000 Combined total value = 247,831,000,000

Strike  21350  has a total call value of 0  versus a total put value of  240,928,800,000 Combined total value = 240,928,800,000

Strike  21400  has a total call value of 0  versus a total put value of  234,026,600,000 Combined total value = 234,026,600,000

Strike  21450  has a total call value of 0  versus a total put value of  227,124,400,000 Combined total value = 227,124,400,000

Strike  21500  has a total call value of 0  versus a total put value of  220,222,200,000 Combined total value = 220,222,200,000

Strike  21550  has a total call value of 0  versus a total put value of  213,352,200,000 Combined total value = 213,352,200,000

Strike  21600  has a total call value of 0  versus a total put value of  206,482,200,000 Combined total value = 206,482,200,000

Strike  21650  has a total call value of 0  versus a total put value of  199,612,200,000 Combined total value = 199,612,200,000

Strike  21700  has a total call value of 0  versus a total put value of  192,742,200,000 Combined total value = 192,742,200,000

Strike  21750  has a total call value of 0  versus a total put value of  185,960,800,000 Combined total value = 185,960,800,000

Strike  21800  has a total call value of 0  versus a total put value of  179,179,400,000 Combined total value = 179,179,400,000

Strike  21850  has a total call value of 0  versus a total put value of  172,398,000,000 Combined total value = 172,398,000,000

Strike  21900  has a total call value of 0  versus a total put value of  165,616,600,000 Combined total value = 165,616,600,000

Strike  21950  has a total call value of 0  versus a total put value of  158,878,800,000 Combined total value = 158,878,800,000

Strike  22000  has a total call value of 0  versus a total put value of  152,141,000,000 Combined total value = 152,141,000,000

Strike  22050  has a total call value of 0  versus a total put value of  145,713,800,000 Combined total value = 145,713,800,000

Strike  22100  has a total call value of 0  versus a total put value of  139,289,600,000 Combined total value = 139,289,600,000

Strike  22150  has a total call value of 0  versus a total put value of  132,885,600,000 Combined total value = 132,885,600,000

Strike  22200  has a total call value of 0  versus a total put value of  126,485,000,000 Combined total value = 126,485,000,000

Strike  22250  has a total call value of 0  versus a total put value of  120,158,000,000 Combined total value = 120,158,000,000

Strike  22300  has a total call value of 0  versus a total put value of  113,894,400,000 Combined total value = 113,894,400,000

Strike  22350  has a total call value of 0  versus a total put value of  107,768,400,000 Combined total value = 107,768,400,000

Strike  22400  has a total call value of 0  versus a total put value of  101,715,000,000 Combined total value = 101,715,000,000

Strike  22450  has a total call value of 0  versus a total put value of  95,894,000,000 Combined total value = 95,894,000,000

Strike  22500  has a total call value of 0  versus a total put value of  90,112,000,000 Combined total value = 90,112,000,000

Strike  22550  has a total call value of 0  versus a total put value of  84,767,600,000 Combined total value = 84,767,600,000

Strike  22600  has a total call value of 0  versus a total put value of  79,459,200,000 Combined total value = 79,459,200,000

Strike  22650  has a total call value of 0  versus a total put value of  74,219,600,000 Combined total value = 74,219,600,000

Strike  22700  has a total call value of 0  versus a total put value of  69,023,200,000 Combined total value = 69,023,200,000

Strike  22750  has a total call value of 0  versus a total put value of  63,984,200,000 Combined total value = 63,984,200,000

Strike  22800  has a total call value of 0  versus a total put value of  59,037,600,000 Combined total value = 59,037,600,000

Strike  22850  has a total call value of 0  versus a total put value of  54,327,600,000 Combined total value = 54,327,600,000

Strike  22900  has a total call value of 0  versus a total put value of  49,644,200,000 Combined total value = 49,644,200,000

Strike  22950  has a total call value of 0  versus a total put value of  45,184,200,000 Combined total value = 45,184,200,000

Strike  23000  has a total call value of 0  versus a total put value of  40,773,000,000 Combined total value = 40,773,000,000

Strike  23050  has a total call value of 71,400,000  versus a total put value of  36,810,600,000 Combined total value = 36,882,000,000

Strike  23100  has a total call value of 142,800,000  versus a total put value of  32,869,600,000 Combined total value = 33,012,400,000

Strike  23150  has a total call value of 215,600,000  versus a total put value of  29,023,600,000 Combined total value = 29,239,200,000

Strike  23200  has a total call value of 288,400,000  versus a total put value of  25,214,400,000 Combined total value = 25,502,800,000

Strike  23250  has a total call value of 366,600,000  versus a total put value of  21,601,000,000 Combined total value = 21,967,600,000

Strike  23300  has a total call value of 446,800,000  versus a total put value of  18,052,600,000 Combined total value = 18,499,400,000

Strike  23350  has a total call value of 533,600,000  versus a total put value of  14,684,000,000 Combined total value = 15,217,600,000

Strike  23400  has a total call value of 629,000,000  versus a total put value of  11,436,000,000 Combined total value = 12,065,000,000

Strike  23450  has a total call value of 754,600,000  versus a total put value of  8,609,000,000 Combined total value = 9,363,600,000

Strike  23500  has a total call value of 913,000,000  versus a total put value of  5,988,000,000 Combined total value = 6,901,000,000

Strike  23550  has a total call value of 1,237,400,000  versus a total put value of  3,859,400,000 Combined total value = 5,096,800,000

Strike  23600  has a total call value of 1,907,000,000  versus a total put value of  2,188,600,000 Combined total value = 4,095,600,000

Strike  23650  has a total call value of 3,229,800,000  versus a total put value of  1,123,000,000 Combined total value = 4,352,800,000

Strike  23700  has a total call value of 4,957,800,000  versus a total put value of  306,000,000 Combined total value = 5,263,800,000

Strike  23750  has a total call value of 7,437,400,000  versus a total put value of  150,200,000 Combined total value = 7,587,600,000

Strike  23800  has a total call value of 10,118,800,000  versus a total put value of  76,600,000 Combined total value = 10,195,400,000

Strike  23850  has a total call value of 13,194,200,000  versus a total put value of  49,600,000 Combined total value = 13,243,800,000

Strike  23900  has a total call value of 16,460,200,000  versus a total put value of  31,200,000 Combined total value = 16,491,400,000

Strike  23950  has a total call value of 19,939,800,000  versus a total put value of  15,000,000 Combined total value = 19,954,800,000

Strike  24000  has a total call value of 23,492,400,000  versus a total put value of  0 Combined total value = 23,492,400,000

Strike  24050  has a total call value of 27,434,800,000  versus a total put value of  0 Combined total value = 27,434,800,000

Strike  24100  has a total call value of 31,404,400,000  versus a total put value of  0 Combined total value = 31,404,400,000

Strike  24150  has a total call value of 35,413,400,000  versus a total put value of  0 Combined total value = 35,413,400,000

Strike  24200  has a total call value of 39,482,000,000  versus a total put value of  0 Combined total value = 39,482,000,000

Strike  24250  has a total call value of 43,747,400,000  versus a total put value of  0 Combined total value = 43,747,400,000

Strike  24300  has a total call value of 48,076,000,000  versus a total put value of  0 Combined total value = 48,076,000,000

Strike  24350  has a total call value of 52,569,200,000  versus a total put value of  0 Combined total value = 52,569,200,000

Strike  24400  has a total call value of 57,180,800,000  versus a total put value of  0 Combined total value = 57,180,800,000

Strike  24450  has a total call value of 61,997,600,000  versus a total put value of  0 Combined total value = 61,997,600,000

Strike  24500  has a total call value of 66,814,400,000  versus a total put value of  0 Combined total value = 66,814,400,000

Strike  24550  has a total call value of 72,092,600,000  versus a total put value of  0 Combined total value = 72,092,600,000

Strike  24600  has a total call value of 77,381,200,000  versus a total put value of  0 Combined total value = 77,381,200,000

Strike  24650  has a total call value of 82,806,200,000  versus a total put value of  0 Combined total value = 82,806,200,000

Strike  24700  has a total call value of 88,295,600,000  versus a total put value of  0 Combined total value = 88,295,600,000

Strike  24750  has a total call value of 94,230,400,000  versus a total put value of  0 Combined total value = 94,230,400,000

Strike  24800  has a total call value of 100,301,000,000  versus a total put value of  0 Combined total value = 100,301,000,000

Strike  24850  has a total call value of 106,789,600,000  versus a total put value of  0 Combined total value = 106,789,600,000

Strike  24900  has a total call value of 113,497,200,000  versus a total put value of  0 Combined total value = 113,497,200,000

Strike  24950  has a total call value of 120,387,200,000  versus a total put value of  0 Combined total value = 120,387,200,000

Strike  25000  has a total call value of 127,285,000,000  versus a total put value of  0 Combined total value = 127,285,000,000

Strike  25050  has a total call value of 135,165,200,000  versus a total put value of  0 Combined total value = 135,165,200,000

Strike  25100  has a total call value of 143,063,600,000  versus a total put value of  0 Combined total value = 143,063,600,000

Strike  25150  has a total call value of 150,991,200,000  versus a total put value of  0 Combined total value = 150,991,200,000

Strike  25200  has a total call value of 158,929,400,000  versus a total put value of  0 Combined total value = 158,929,400,000

Strike  25250  has a total call value of 166,903,600,000  versus a total put value of  0 Combined total value = 166,903,600,000

Strike  25300  has a total call value of 174,877,800,000  versus a total put value of  0 Combined total value = 174,877,800,000

Strike  25350  has a total call value of 182,935,600,000  versus a total put value of  0 Combined total value = 182,935,600,000

Strike  25400  has a total call value of 190,993,400,000  versus a total put value of  0 Combined total value = 190,993,400,000

Strike  25450  has a total call value of 199,068,200,000  versus a total put value of  0 Combined total value = 199,068,200,000

Strike  25500  has a total call value of 207,143,000,000  versus a total put value of  0 Combined total value = 207,143,000,000

Strike  25550  has a total call value of 215,412,600,000  versus a total put value of  0 Combined total value = 215,412,600,000

Strike  25600  has a total call value of 223,682,200,000  versus a total put value of  0 Combined total value = 223,682,200,000

Strike  25650  has a total call value of 231,976,200,000  versus a total put value of  0 Combined total value = 231,976,200,000

Strike  25700  has a total call value of 240,270,200,000  versus a total put value of  0 Combined total value = 240,270,200,000

Strike  25750  has a total call value of 248,627,800,000  versus a total put value of  0 Combined total value = 248,627,800,000

Strike  25800  has a total call value of 256,985,400,000  versus a total put value of  0 Combined total value = 256,985,400,000

Strike  25850  has a total call value of 265,435,200,000  versus a total put value of  0 Combined total value = 265,435,200,000

Strike  25900  has a total call value of 273,885,000,000  versus a total put value of  0 Combined total value = 273,885,000,000

Strike  25950  has a total call value of 282,416,400,000  versus a total put value of  0 Combined total value = 282,416,400,000

Strike  26000  has a total call value of 290,947,800,000  versus a total put value of  0 Combined total value = 290,947,800,000

Strike  26050  has a total call value of 299,931,600,000  versus a total put value of  0 Combined total value = 299,931,600,000

Strike  26100  has a total call value of 308,915,400,000  versus a total put value of  0 Combined total value = 308,915,400,000

Strike  26150  has a total call value of 317,914,000,000  versus a total put value of  0 Combined total value = 317,914,000,000

Strike  26200  has a total call value of 326,912,600,000  versus a total put value of  0 Combined total value = 326,912,600,000

Strike  26250  has a total call value of 335,964,800,000  versus a total put value of  0 Combined total value = 335,964,800,000

Strike  26300  has a total call value of 345,017,000,000  versus a total put value of  0 Combined total value = 345,017,000,000

Strike  26350  has a total call value of 354,085,400,000  versus a total put value of  0 Combined total value = 354,085,400,000

Strike  26400  has a total call value of 363,153,800,000  versus a total put value of  0 Combined total value = 363,153,800,000

All Max-Pain Table

Max Pain - Choose a symbol



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.