FINNIFTY
Nifty Financial Services
Max pain for FINNIFTY
18 Oct 2024 10:34 AM IST
Max Pain for FINNIFTY is 23650
Strike 20700 has a total call value of 0 versus a total put value of 2,156,416,000,000 Combined total value = 2,156,416,000,000
Strike 20750 has a total call value of 0 versus a total put value of 2,111,048,250,000 Combined total value = 2,111,048,250,000
Strike 20800 has a total call value of 0 versus a total put value of 2,065,680,500,000 Combined total value = 2,065,680,500,000
Strike 20850 has a total call value of 0 versus a total put value of 2,020,445,750,000 Combined total value = 2,020,445,750,000
Strike 20900 has a total call value of 0 versus a total put value of 1,975,211,000,000 Combined total value = 1,975,211,000,000
Strike 20950 has a total call value of 0 versus a total put value of 1,930,241,500,000 Combined total value = 1,930,241,500,000
Strike 21000 has a total call value of 0 versus a total put value of 1,885,272,000,000 Combined total value = 1,885,272,000,000
Strike 21050 has a total call value of 0 versus a total put value of 1,840,548,125,000 Combined total value = 1,840,548,125,000
Strike 21100 has a total call value of 0 versus a total put value of 1,795,824,250,000 Combined total value = 1,795,824,250,000
Strike 21150 has a total call value of 0 versus a total put value of 1,751,285,000,000 Combined total value = 1,751,285,000,000
Strike 21200 has a total call value of 0 versus a total put value of 1,706,745,750,000 Combined total value = 1,706,745,750,000
Strike 21250 has a total call value of 0 versus a total put value of 1,662,232,750,000 Combined total value = 1,662,232,750,000
Strike 21300 has a total call value of 0 versus a total put value of 1,617,719,750,000 Combined total value = 1,617,719,750,000
Strike 21350 has a total call value of 0 versus a total put value of 1,573,260,875,000 Combined total value = 1,573,260,875,000
Strike 21400 has a total call value of 0 versus a total put value of 1,528,802,000,000 Combined total value = 1,528,802,000,000
Strike 21450 has a total call value of 0 versus a total put value of 1,484,377,875,000 Combined total value = 1,484,377,875,000
Strike 21500 has a total call value of 0 versus a total put value of 1,439,953,750,000 Combined total value = 1,439,953,750,000
Strike 21550 has a total call value of 0 versus a total put value of 1,395,793,000,000 Combined total value = 1,395,793,000,000
Strike 21600 has a total call value of 0 versus a total put value of 1,351,632,250,000 Combined total value = 1,351,632,250,000
Strike 21650 has a total call value of 0 versus a total put value of 1,307,671,875,000 Combined total value = 1,307,671,875,000
Strike 21700 has a total call value of 0 versus a total put value of 1,263,711,500,000 Combined total value = 1,263,711,500,000
Strike 21750 has a total call value of 0 versus a total put value of 1,219,814,250,000 Combined total value = 1,219,814,250,000
Strike 21800 has a total call value of 0 versus a total put value of 1,175,917,000,000 Combined total value = 1,175,917,000,000
Strike 21850 has a total call value of 0 versus a total put value of 1,132,198,750,000 Combined total value = 1,132,198,750,000
Strike 21900 has a total call value of 0 versus a total put value of 1,088,480,500,000 Combined total value = 1,088,480,500,000
Strike 21950 has a total call value of 0 versus a total put value of 1,044,850,125,000 Combined total value = 1,044,850,125,000
Strike 22000 has a total call value of 0 versus a total put value of 1,001,259,125,000 Combined total value = 1,001,259,125,000
Strike 22050 has a total call value of 0 versus a total put value of 959,219,500,000 Combined total value = 959,219,500,000
Strike 22100 has a total call value of 0 versus a total put value of 917,205,375,000 Combined total value = 917,205,375,000
Strike 22150 has a total call value of 0 versus a total put value of 875,454,750,000 Combined total value = 875,454,750,000
Strike 22200 has a total call value of 0 versus a total put value of 833,759,125,000 Combined total value = 833,759,125,000
Strike 22250 has a total call value of 0 versus a total put value of 792,812,875,000 Combined total value = 792,812,875,000
Strike 22300 has a total call value of 0 versus a total put value of 751,907,125,000 Combined total value = 751,907,125,000
Strike 22350 has a total call value of 0 versus a total put value of 711,670,375,000 Combined total value = 711,670,375,000
Strike 22400 has a total call value of 0 versus a total put value of 671,536,375,000 Combined total value = 671,536,375,000
Strike 22450 has a total call value of 0 versus a total put value of 632,242,500,000 Combined total value = 632,242,500,000
Strike 22500 has a total call value of 0 versus a total put value of 593,062,000,000 Combined total value = 593,062,000,000
Strike 22550 has a total call value of 0 versus a total put value of 556,534,000,000 Combined total value = 556,534,000,000
Strike 22600 has a total call value of 0 versus a total put value of 520,149,625,000 Combined total value = 520,149,625,000
Strike 22650 has a total call value of 0 versus a total put value of 484,807,125,000 Combined total value = 484,807,125,000
Strike 22700 has a total call value of 0 versus a total put value of 449,918,875,000 Combined total value = 449,918,875,000
Strike 22750 has a total call value of 0 versus a total put value of 416,940,250,000 Combined total value = 416,940,250,000
Strike 22800 has a total call value of 0 versus a total put value of 384,277,625,000 Combined total value = 384,277,625,000
Strike 22850 has a total call value of 0 versus a total put value of 352,685,875,000 Combined total value = 352,685,875,000
Strike 22900 has a total call value of 0 versus a total put value of 321,524,875,000 Combined total value = 321,524,875,000
Strike 22950 has a total call value of 0 versus a total put value of 292,195,250,000 Combined total value = 292,195,250,000
Strike 23000 has a total call value of 0 versus a total put value of 263,213,625,000 Combined total value = 263,213,625,000
Strike 23050 has a total call value of 3,625,000 versus a total put value of 236,195,375,000 Combined total value = 236,199,000,000
Strike 23100 has a total call value of 7,875,000 versus a total put value of 209,502,750,000 Combined total value = 209,510,625,000
Strike 23150 has a total call value of 21,375,000 versus a total put value of 184,732,875,000 Combined total value = 184,754,250,000
Strike 23200 has a total call value of 42,125,000 versus a total put value of 160,538,125,000 Combined total value = 160,580,250,000
Strike 23250 has a total call value of 77,000,000 versus a total put value of 138,265,750,000 Combined total value = 138,342,750,000
Strike 23300 has a total call value of 124,125,000 versus a total put value of 116,915,750,000 Combined total value = 117,039,875,000
Strike 23350 has a total call value of 224,375,000 versus a total put value of 97,367,125,000 Combined total value = 97,591,500,000
Strike 23400 has a total call value of 367,250,000 versus a total put value of 79,077,750,000 Combined total value = 79,445,000,000
Strike 23450 has a total call value of 701,375,000 versus a total put value of 63,470,375,000 Combined total value = 64,171,750,000
Strike 23500 has a total call value of 1,247,375,000 versus a total put value of 49,169,750,000 Combined total value = 50,417,125,000
Strike 23550 has a total call value of 2,299,625,000 versus a total put value of 37,876,625,000 Combined total value = 40,176,250,000
Strike 23600 has a total call value of 4,109,125,000 versus a total put value of 27,999,625,000 Combined total value = 32,108,750,000
Strike 23650 has a total call value of 8,570,250,000 versus a total put value of 21,427,125,000 Combined total value = 29,997,375,000
Strike 23700 has a total call value of 14,124,125,000 versus a total put value of 15,919,750,000 Combined total value = 30,043,875,000
Strike 23750 has a total call value of 21,855,125,000 versus a total put value of 11,977,375,000 Combined total value = 33,832,500,000
Strike 23800 has a total call value of 30,710,250,000 versus a total put value of 8,680,875,000 Combined total value = 39,391,125,000
Strike 23850 has a total call value of 44,557,875,000 versus a total put value of 6,044,500,000 Combined total value = 50,602,375,000
Strike 23900 has a total call value of 59,842,250,000 versus a total put value of 3,742,625,000 Combined total value = 63,584,875,000
Strike 23950 has a total call value of 78,328,500,000 versus a total put value of 2,435,125,000 Combined total value = 80,763,625,000
Strike 24000 has a total call value of 98,305,750,000 versus a total put value of 1,476,250,000 Combined total value = 99,782,000,000
Strike 24050 has a total call value of 122,950,375,000 versus a total put value of 1,065,625,000 Combined total value = 124,016,000,000
Strike 24100 has a total call value of 148,774,125,000 versus a total put value of 770,750,000 Combined total value = 149,544,875,000
Strike 24150 has a total call value of 176,387,125,000 versus a total put value of 566,625,000 Combined total value = 176,953,750,000
Strike 24200 has a total call value of 205,277,625,000 versus a total put value of 389,375,000 Combined total value = 205,667,000,000
Strike 24250 has a total call value of 236,273,250,000 versus a total put value of 290,750,000 Combined total value = 236,564,000,000
Strike 24300 has a total call value of 268,091,625,000 versus a total put value of 210,500,000 Combined total value = 268,302,125,000
Strike 24350 has a total call value of 302,366,750,000 versus a total put value of 152,375,000 Combined total value = 302,519,125,000
Strike 24400 has a total call value of 337,372,750,000 versus a total put value of 98,000,000 Combined total value = 337,470,750,000
Strike 24450 has a total call value of 374,355,875,000 versus a total put value of 53,500,000 Combined total value = 374,409,375,000
Strike 24500 has a total call value of 413,068,500,000 versus a total put value of 9,000,000 Combined total value = 413,077,500,000
Strike 24550 has a total call value of 455,447,250,000 versus a total put value of 6,000,000 Combined total value = 455,453,250,000
Strike 24600 has a total call value of 498,319,125,000 versus a total put value of 3,000,000 Combined total value = 498,322,125,000
Strike 24650 has a total call value of 542,844,750,000 versus a total put value of 0 Combined total value = 542,844,750,000
Strike 24700 has a total call value of 588,065,750,000 versus a total put value of 0 Combined total value = 588,065,750,000
Strike 24750 has a total call value of 635,031,500,000 versus a total put value of 0 Combined total value = 635,031,500,000
Strike 24800 has a total call value of 682,475,625,000 versus a total put value of 0 Combined total value = 682,475,625,000
Strike 24850 has a total call value of 732,890,625,000 versus a total put value of 0 Combined total value = 732,890,625,000
Strike 24900 has a total call value of 783,622,375,000 versus a total put value of 0 Combined total value = 783,622,375,000
Strike 24950 has a total call value of 835,394,500,000 versus a total put value of 0 Combined total value = 835,394,500,000
Strike 25000 has a total call value of 887,521,375,000 versus a total put value of 0 Combined total value = 887,521,375,000
Strike 25050 has a total call value of 942,791,750,000 versus a total put value of 0 Combined total value = 942,791,750,000
Strike 25100 has a total call value of 998,243,125,000 versus a total put value of 0 Combined total value = 998,243,125,000
Strike 25150 has a total call value of 1,054,970,625,000 versus a total put value of 0 Combined total value = 1,054,970,625,000
Strike 25200 has a total call value of 1,111,805,125,000 versus a total put value of 0 Combined total value = 1,111,805,125,000
Strike 25250 has a total call value of 1,169,901,125,000 versus a total put value of 0 Combined total value = 1,169,901,125,000
Strike 25300 has a total call value of 1,228,061,375,000 versus a total put value of 0 Combined total value = 1,228,061,375,000
Strike 25350 has a total call value of 1,286,578,125,000 versus a total put value of 0 Combined total value = 1,286,578,125,000
Strike 25400 has a total call value of 1,345,142,500,000 versus a total put value of 0 Combined total value = 1,345,142,500,000
Strike 25450 has a total call value of 1,403,975,000,000 versus a total put value of 0 Combined total value = 1,403,975,000,000
Strike 25500 has a total call value of 1,462,807,500,000 versus a total put value of 0 Combined total value = 1,462,807,500,000
Strike 25550 has a total call value of 1,522,225,875,000 versus a total put value of 0 Combined total value = 1,522,225,875,000
Strike 25600 has a total call value of 1,581,678,125,000 versus a total put value of 0 Combined total value = 1,581,678,125,000
Strike 25650 has a total call value of 1,641,390,875,000 versus a total put value of 0 Combined total value = 1,641,390,875,000
Strike 25700 has a total call value of 1,701,103,625,000 versus a total put value of 0 Combined total value = 1,701,103,625,000
Strike 25750 has a total call value of 1,760,959,750,000 versus a total put value of 0 Combined total value = 1,760,959,750,000
Strike 25800 has a total call value of 1,820,944,125,000 versus a total put value of 0 Combined total value = 1,820,944,125,000
Strike 25850 has a total call value of 1,881,023,375,000 versus a total put value of 0 Combined total value = 1,881,023,375,000
Strike 25900 has a total call value of 1,941,102,625,000 versus a total put value of 0 Combined total value = 1,941,102,625,000
Strike 25950 has a total call value of 2,001,263,625,000 versus a total put value of 0 Combined total value = 2,001,263,625,000
Strike 26000 has a total call value of 2,061,429,625,000 versus a total put value of 0 Combined total value = 2,061,429,625,000
Strike 26050 has a total call value of 2,122,325,375,000 versus a total put value of 0 Combined total value = 2,122,325,375,000
Strike 26100 has a total call value of 2,183,300,125,000 versus a total put value of 0 Combined total value = 2,183,300,125,000
Strike 26150 has a total call value of 2,244,350,250,000 versus a total put value of 0 Combined total value = 2,244,350,250,000
Strike 26200 has a total call value of 2,305,414,375,000 versus a total put value of 0 Combined total value = 2,305,414,375,000
Strike 26250 has a total call value of 2,366,547,750,000 versus a total put value of 0 Combined total value = 2,366,547,750,000
Strike 26300 has a total call value of 2,427,701,000,000 versus a total put value of 0 Combined total value = 2,427,701,000,000
Strike 26350 has a total call value of 2,488,931,750,000 versus a total put value of 0 Combined total value = 2,488,931,750,000
Strike 26400 has a total call value of 2,550,181,750,000 versus a total put value of 0 Combined total value = 2,550,181,750,000
Strike 26450 has a total call value of 2,611,465,500,000 versus a total put value of 0 Combined total value = 2,611,465,500,000
Strike 26500 has a total call value of 2,672,749,250,000 versus a total put value of 0 Combined total value = 2,672,749,250,000
Strike 26550 has a total call value of 2,734,077,500,000 versus a total put value of 0 Combined total value = 2,734,077,500,000
Strike 26600 has a total call value of 2,795,405,750,000 versus a total put value of 0 Combined total value = 2,795,405,750,000
Strike 26650 has a total call value of 2,856,795,000,000 versus a total put value of 0 Combined total value = 2,856,795,000,000
Strike 26700 has a total call value of 2,918,184,250,000 versus a total put value of 0 Combined total value = 2,918,184,250,000
Strike 26750 has a total call value of 2,979,594,750,000 versus a total put value of 0 Combined total value = 2,979,594,750,000
Strike 26800 has a total call value of 3,041,005,250,000 versus a total put value of 0 Combined total value = 3,041,005,250,000
Strike 26850 has a total call value of 3,102,447,625,000 versus a total put value of 0 Combined total value = 3,102,447,625,000
Strike 26900 has a total call value of 3,163,890,000,000 versus a total put value of 0 Combined total value = 3,163,890,000,000
Strike 26950 has a total call value of 3,225,372,375,000 versus a total put value of 0 Combined total value = 3,225,372,375,000
Strike 27000 has a total call value of 3,286,854,750,000 versus a total put value of 0 Combined total value = 3,286,854,750,000
Strike 27050 has a total call value of 3,348,761,375,000 versus a total put value of 0 Combined total value = 3,348,761,375,000
Strike 27100 has a total call value of 3,410,668,000,000 versus a total put value of 0 Combined total value = 3,410,668,000,000
Strike 27150 has a total call value of 3,472,951,750,000 versus a total put value of 0 Combined total value = 3,472,951,750,000
Strike 27200 has a total call value of 3,535,235,500,000 versus a total put value of 0 Combined total value = 3,535,235,500,000
Strike 27250 has a total call value of 3,598,116,000,000 versus a total put value of 0 Combined total value = 3,598,116,000,000
Strike 27300 has a total call value of 3,660,996,500,000 versus a total put value of 0 Combined total value = 3,660,996,500,000
Strike 27350 has a total call value of 3,724,250,375,000 versus a total put value of 0 Combined total value = 3,724,250,375,000
Strike 27400 has a total call value of 3,787,504,250,000 versus a total put value of 0 Combined total value = 3,787,504,250,000
Strike 27450 has a total call value of 3,850,871,000,000 versus a total put value of 0 Combined total value = 3,850,871,000,000
Strike 27500 has a total call value of 3,914,237,750,000 versus a total put value of 0 Combined total value = 3,914,237,750,000
Strike 27550 has a total call value of 3,977,868,125,000 versus a total put value of 0 Combined total value = 3,977,868,125,000
Strike 27600 has a total call value of 4,041,498,500,000 versus a total put value of 0 Combined total value = 4,041,498,500,000
Strike 27650 has a total call value of 4,105,220,500,000 versus a total put value of 0 Combined total value = 4,105,220,500,000
Strike 27700 has a total call value of 4,168,942,500,000 versus a total put value of 0 Combined total value = 4,168,942,500,000
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.