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FINNIFTY
Nifty Financial Services

23700.35 -254.35 (-1.06%)

Max pain for FINNIFTY

22 Oct 2024 04:13 PM IST

Max Pain for FINNIFTY is 23750  



Strike  20700  has a total call value of 0  versus a total put value of  17,448,874,125,000 Combined total value = 17,448,874,125,000

Strike  20750  has a total call value of 0  versus a total put value of  17,133,337,250,000 Combined total value = 17,133,337,250,000

Strike  20800  has a total call value of 0  versus a total put value of  16,817,800,375,000 Combined total value = 16,817,800,375,000

Strike  20850  has a total call value of 0  versus a total put value of  16,502,635,750,000 Combined total value = 16,502,635,750,000

Strike  20900  has a total call value of 0  versus a total put value of  16,187,471,125,000 Combined total value = 16,187,471,125,000

Strike  20950  has a total call value of 0  versus a total put value of  15,872,790,250,000 Combined total value = 15,872,790,250,000

Strike  21000  has a total call value of 0  versus a total put value of  15,558,109,375,000 Combined total value = 15,558,109,375,000

Strike  21050  has a total call value of 0  versus a total put value of  15,243,716,625,000 Combined total value = 15,243,716,625,000

Strike  21100  has a total call value of 0  versus a total put value of  14,929,323,875,000 Combined total value = 14,929,323,875,000

Strike  21150  has a total call value of 0  versus a total put value of  14,615,106,625,000 Combined total value = 14,615,106,625,000

Strike  21200  has a total call value of 0  versus a total put value of  14,300,889,375,000 Combined total value = 14,300,889,375,000

Strike  21250  has a total call value of 0  versus a total put value of  13,986,802,250,000 Combined total value = 13,986,802,250,000

Strike  21300  has a total call value of 0  versus a total put value of  13,672,715,125,000 Combined total value = 13,672,715,125,000

Strike  21350  has a total call value of 0  versus a total put value of  13,358,734,875,000 Combined total value = 13,358,734,875,000

Strike  21400  has a total call value of 0  versus a total put value of  13,044,754,625,000 Combined total value = 13,044,754,625,000

Strike  21450  has a total call value of 0  versus a total put value of  12,730,947,625,000 Combined total value = 12,730,947,625,000

Strike  21500  has a total call value of 0  versus a total put value of  12,417,140,625,000 Combined total value = 12,417,140,625,000

Strike  21550  has a total call value of 0  versus a total put value of  12,103,663,250,000 Combined total value = 12,103,663,250,000

Strike  21600  has a total call value of 0  versus a total put value of  11,790,185,875,000 Combined total value = 11,790,185,875,000

Strike  21650  has a total call value of 0  versus a total put value of  11,476,902,875,000 Combined total value = 11,476,902,875,000

Strike  21700  has a total call value of 0  versus a total put value of  11,163,619,875,000 Combined total value = 11,163,619,875,000

Strike  21750  has a total call value of 0  versus a total put value of  10,850,436,750,000 Combined total value = 10,850,436,750,000

Strike  21800  has a total call value of 0  versus a total put value of  10,537,253,625,000 Combined total value = 10,537,253,625,000

Strike  21850  has a total call value of 0  versus a total put value of  10,224,211,375,000 Combined total value = 10,224,211,375,000

Strike  21900  has a total call value of 0  versus a total put value of  9,911,169,125,000 Combined total value = 9,911,169,125,000

Strike  21950  has a total call value of 0  versus a total put value of  9,598,307,125,000 Combined total value = 9,598,307,125,000

Strike  22000  has a total call value of 0  versus a total put value of  9,285,631,625,000 Combined total value = 9,285,631,625,000

Strike  22050  has a total call value of 0  versus a total put value of  8,973,753,250,000 Combined total value = 8,973,753,250,000

Strike  22100  has a total call value of 0  versus a total put value of  8,662,156,125,000 Combined total value = 8,662,156,125,000

Strike  22150  has a total call value of 0  versus a total put value of  8,352,398,125,000 Combined total value = 8,352,398,125,000

Strike  22200  has a total call value of 0  versus a total put value of  8,042,942,875,000 Combined total value = 8,042,942,875,000

Strike  22250  has a total call value of 0  versus a total put value of  7,733,774,500,000 Combined total value = 7,733,774,500,000

Strike  22300  has a total call value of 0  versus a total put value of  7,424,763,000,000 Combined total value = 7,424,763,000,000

Strike  22350  has a total call value of 0  versus a total put value of  7,117,150,125,000 Combined total value = 7,117,150,125,000

Strike  22400  has a total call value of 0  versus a total put value of  6,809,646,500,000 Combined total value = 6,809,646,500,000

Strike  22450  has a total call value of 0  versus a total put value of  6,503,488,625,000 Combined total value = 6,503,488,625,000

Strike  22500  has a total call value of 0  versus a total put value of  6,197,578,125,000 Combined total value = 6,197,578,125,000

Strike  22550  has a total call value of 0  versus a total put value of  5,894,998,500,000 Combined total value = 5,894,998,500,000

Strike  22600  has a total call value of 0  versus a total put value of  5,593,176,375,000 Combined total value = 5,593,176,375,000

Strike  22650  has a total call value of 0  versus a total put value of  5,293,837,000,000 Combined total value = 5,293,837,000,000

Strike  22700  has a total call value of 0  versus a total put value of  4,994,931,875,000 Combined total value = 4,994,931,875,000

Strike  22750  has a total call value of 0  versus a total put value of  4,699,535,375,000 Combined total value = 4,699,535,375,000

Strike  22800  has a total call value of 0  versus a total put value of  4,406,004,375,000 Combined total value = 4,406,004,375,000

Strike  22850  has a total call value of 0  versus a total put value of  4,113,538,625,000 Combined total value = 4,113,538,625,000

Strike  22900  has a total call value of 0  versus a total put value of  3,822,179,625,000 Combined total value = 3,822,179,625,000

Strike  22950  has a total call value of 0  versus a total put value of  3,533,948,750,000 Combined total value = 3,533,948,750,000

Strike  23000  has a total call value of 0  versus a total put value of  3,246,973,500,000 Combined total value = 3,246,973,500,000

Strike  23050  has a total call value of 7,875,000  versus a total put value of  2,967,193,000,000 Combined total value = 2,967,200,875,000

Strike  23100  has a total call value of 16,625,000  versus a total put value of  2,691,447,625,000 Combined total value = 2,691,464,250,000

Strike  23150  has a total call value of 41,000,000  versus a total put value of  2,424,034,500,000 Combined total value = 2,424,075,500,000

Strike  23200  has a total call value of 85,000,000  versus a total put value of  2,160,906,000,000 Combined total value = 2,160,991,000,000

Strike  23250  has a total call value of 147,875,000  versus a total put value of  1,912,145,500,000 Combined total value = 1,912,293,375,000

Strike  23300  has a total call value of 237,000,000  versus a total put value of  1,669,826,000,000 Combined total value = 1,670,063,000,000

Strike  23350  has a total call value of 378,875,000  versus a total put value of  1,440,835,125,000 Combined total value = 1,441,214,000,000

Strike  23400  has a total call value of 608,500,000  versus a total put value of  1,224,752,375,000 Combined total value = 1,225,360,875,000

Strike  23450  has a total call value of 978,125,000  versus a total put value of  1,027,883,250,000 Combined total value = 1,028,861,375,000

Strike  23500  has a total call value of 1,786,250,000  versus a total put value of  841,858,125,000 Combined total value = 843,644,375,000

Strike  23550  has a total call value of 4,154,375,000  versus a total put value of  675,078,000,000 Combined total value = 679,232,375,000

Strike  23600  has a total call value of 7,613,875,000  versus a total put value of  521,308,375,000 Combined total value = 528,922,250,000

Strike  23650  has a total call value of 13,637,375,000  versus a total put value of  386,961,625,000 Combined total value = 400,599,000,000

Strike  23700  has a total call value of 27,666,000,000  versus a total put value of  273,844,375,000 Combined total value = 301,510,375,000

Strike  23750  has a total call value of 82,910,500,000  versus a total put value of  197,064,125,000 Combined total value = 279,974,625,000

Strike  23800  has a total call value of 164,959,500,000  versus a total put value of  143,074,000,000 Combined total value = 308,033,500,000

Strike  23850  has a total call value of 269,450,750,000  versus a total put value of  101,640,125,000 Combined total value = 371,090,875,000

Strike  23900  has a total call value of 396,330,000,000  versus a total put value of  70,215,250,000 Combined total value = 466,545,250,000

Strike  23950  has a total call value of 539,064,500,000  versus a total put value of  47,974,375,000 Combined total value = 587,038,875,000

Strike  24000  has a total call value of 692,078,500,000  versus a total put value of  30,084,375,000 Combined total value = 722,162,875,000

Strike  24050  has a total call value of 868,188,250,000  versus a total put value of  18,414,250,000 Combined total value = 886,602,500,000

Strike  24100  has a total call value of 1,058,417,125,000  versus a total put value of  10,591,125,000 Combined total value = 1,069,008,250,000

Strike  24150  has a total call value of 1,266,691,375,000  versus a total put value of  6,110,125,000 Combined total value = 1,272,801,500,000

Strike  24200  has a total call value of 1,487,409,125,000  versus a total put value of  3,601,750,000 Combined total value = 1,491,010,875,000

Strike  24250  has a total call value of 1,725,117,625,000  versus a total put value of  2,716,500,000 Combined total value = 1,727,834,125,000

Strike  24300  has a total call value of 1,973,057,000,000  versus a total put value of  2,032,125,000 Combined total value = 1,975,089,125,000

Strike  24350  has a total call value of 2,239,050,250,000  versus a total put value of  1,558,625,000 Combined total value = 2,240,608,875,000

Strike  24400  has a total call value of 2,511,266,375,000  versus a total put value of  1,194,875,000 Combined total value = 2,512,461,250,000

Strike  24450  has a total call value of 2,797,158,000,000  versus a total put value of  895,250,000 Combined total value = 2,798,053,250,000

Strike  24500  has a total call value of 3,091,421,125,000  versus a total put value of  629,625,000 Combined total value = 3,092,050,750,000

Strike  24550  has a total call value of 3,402,628,250,000  versus a total put value of  501,750,000 Combined total value = 3,403,130,000,000

Strike  24600  has a total call value of 3,721,603,500,000  versus a total put value of  400,000,000 Combined total value = 3,722,003,500,000

Strike  24650  has a total call value of 4,052,164,750,000  versus a total put value of  318,875,000 Combined total value = 4,052,483,625,000

Strike  24700  has a total call value of 4,389,383,250,000  versus a total put value of  248,375,000 Combined total value = 4,389,631,625,000

Strike  24750  has a total call value of 4,736,666,000,000  versus a total put value of  204,125,000 Combined total value = 4,736,870,125,000

Strike  24800  has a total call value of 5,090,761,750,000  versus a total put value of  159,875,000 Combined total value = 5,090,921,625,000

Strike  24850  has a total call value of 5,453,980,750,000  versus a total put value of  117,625,000 Combined total value = 5,454,098,375,000

Strike  24900  has a total call value of 5,822,069,500,000  versus a total put value of  75,750,000 Combined total value = 5,822,145,250,000

Strike  24950  has a total call value of 6,194,744,250,000  versus a total put value of  37,750,000 Combined total value = 6,194,782,000,000

Strike  25000  has a total call value of 6,569,385,000,000  versus a total put value of  125,000 Combined total value = 6,569,385,125,000

Strike  25050  has a total call value of 6,952,562,250,000  versus a total put value of  0 Combined total value = 6,952,562,250,000

Strike  25100  has a total call value of 7,336,539,625,000  versus a total put value of  0 Combined total value = 7,336,539,625,000

Strike  25150  has a total call value of 7,722,257,375,000  versus a total put value of  0 Combined total value = 7,722,257,375,000

Strike  25200  has a total call value of 8,108,502,000,000  versus a total put value of  0 Combined total value = 8,108,502,000,000

Strike  25250  has a total call value of 8,500,067,750,000  versus a total put value of  0 Combined total value = 8,500,067,750,000

Strike  25300  has a total call value of 8,892,969,125,000  versus a total put value of  0 Combined total value = 8,892,969,125,000

Strike  25350  has a total call value of 9,291,631,750,000  versus a total put value of  0 Combined total value = 9,291,631,750,000

Strike  25400  has a total call value of 9,691,682,000,000  versus a total put value of  0 Combined total value = 9,691,682,000,000

Strike  25450  has a total call value of 10,092,291,125,000  versus a total put value of  0 Combined total value = 10,092,291,125,000

Strike  25500  has a total call value of 10,493,170,250,000  versus a total put value of  0 Combined total value = 10,493,170,250,000

Strike  25550  has a total call value of 10,895,532,750,000  versus a total put value of  0 Combined total value = 10,895,532,750,000

Strike  25600  has a total call value of 11,298,189,375,000  versus a total put value of  0 Combined total value = 11,298,189,375,000

Strike  25650  has a total call value of 11,701,153,750,000  versus a total put value of  0 Combined total value = 11,701,153,750,000

Strike  25700  has a total call value of 12,104,259,125,000  versus a total put value of  0 Combined total value = 12,104,259,125,000

Strike  25750  has a total call value of 12,507,986,250,000  versus a total put value of  0 Combined total value = 12,507,986,250,000

Strike  25800  has a total call value of 12,911,913,625,000  versus a total put value of  0 Combined total value = 12,911,913,625,000

Strike  25850  has a total call value of 13,316,081,625,000  versus a total put value of  0 Combined total value = 13,316,081,625,000

Strike  25900  has a total call value of 13,720,414,375,000  versus a total put value of  0 Combined total value = 13,720,414,375,000

Strike  25950  has a total call value of 14,125,089,375,000  versus a total put value of  0 Combined total value = 14,125,089,375,000

Strike  26000  has a total call value of 14,529,951,375,000  versus a total put value of  0 Combined total value = 14,529,951,375,000

Strike  26050  has a total call value of 14,936,123,625,000  versus a total put value of  0 Combined total value = 14,936,123,625,000

Strike  26100  has a total call value of 15,342,462,000,000  versus a total put value of  0 Combined total value = 15,342,462,000,000

Strike  26150  has a total call value of 15,749,082,000,000  versus a total put value of  0 Combined total value = 15,749,082,000,000

Strike  26200  has a total call value of 16,155,879,125,000  versus a total put value of  0 Combined total value = 16,155,879,125,000

Strike  26250  has a total call value of 16,562,946,500,000  versus a total put value of  0 Combined total value = 16,562,946,500,000

Strike  26300  has a total call value of 16,970,227,500,000  versus a total put value of  0 Combined total value = 16,970,227,500,000

Strike  26350  has a total call value of 17,377,736,250,000  versus a total put value of  0 Combined total value = 17,377,736,250,000

Strike  26400  has a total call value of 17,785,371,875,000  versus a total put value of  0 Combined total value = 17,785,371,875,000

Strike  26450  has a total call value of 18,193,226,000,000  versus a total put value of  0 Combined total value = 18,193,226,000,000

Strike  26500  has a total call value of 18,601,080,125,000  versus a total put value of  0 Combined total value = 18,601,080,125,000

Strike  26550  has a total call value of 19,009,720,125,000  versus a total put value of  0 Combined total value = 19,009,720,125,000

Strike  26600  has a total call value of 19,418,360,125,000  versus a total put value of  0 Combined total value = 19,418,360,125,000

Strike  26650  has a total call value of 19,827,242,250,000  versus a total put value of  0 Combined total value = 19,827,242,250,000

Strike  26700  has a total call value of 20,236,124,375,000  versus a total put value of  0 Combined total value = 20,236,124,375,000

Strike  26750  has a total call value of 20,645,169,375,000  versus a total put value of  0 Combined total value = 20,645,169,375,000

Strike  26800  has a total call value of 21,054,214,375,000  versus a total put value of  0 Combined total value = 21,054,214,375,000

Strike  26850  has a total call value of 21,463,361,000,000  versus a total put value of  0 Combined total value = 21,463,361,000,000

Strike  26900  has a total call value of 21,872,507,625,000  versus a total put value of  0 Combined total value = 21,872,507,625,000

Strike  26950  has a total call value of 22,282,002,250,000  versus a total put value of  0 Combined total value = 22,282,002,250,000

Strike  27000  has a total call value of 22,691,496,875,000  versus a total put value of  0 Combined total value = 22,691,496,875,000

Strike  27050  has a total call value of 23,102,612,250,000  versus a total put value of  0 Combined total value = 23,102,612,250,000

Strike  27100  has a total call value of 23,513,727,625,000  versus a total put value of  0 Combined total value = 23,513,727,625,000

Strike  27150  has a total call value of 23,925,418,000,000  versus a total put value of  0 Combined total value = 23,925,418,000,000

Strike  27200  has a total call value of 24,337,108,375,000  versus a total put value of  0 Combined total value = 24,337,108,375,000

Strike  27250  has a total call value of 24,749,132,125,000  versus a total put value of  0 Combined total value = 24,749,132,125,000

Strike  27300  has a total call value of 25,161,155,875,000  versus a total put value of  0 Combined total value = 25,161,155,875,000

Strike  27350  has a total call value of 25,573,742,375,000  versus a total put value of  0 Combined total value = 25,573,742,375,000

Strike  27400  has a total call value of 25,986,328,875,000  versus a total put value of  0 Combined total value = 25,986,328,875,000

Strike  27450  has a total call value of 26,400,166,000,000  versus a total put value of  0 Combined total value = 26,400,166,000,000

Strike  27500  has a total call value of 26,814,003,125,000  versus a total put value of  0 Combined total value = 26,814,003,125,000

Strike  27550  has a total call value of 27,229,777,625,000  versus a total put value of  0 Combined total value = 27,229,777,625,000

Strike  27600  has a total call value of 27,645,552,125,000  versus a total put value of  0 Combined total value = 27,645,552,125,000

Strike  27650  has a total call value of 28,063,332,625,000  versus a total put value of  0 Combined total value = 28,063,332,625,000

Strike  27700  has a total call value of 28,481,113,125,000  versus a total put value of  0 Combined total value = 28,481,113,125,000

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.