FINNIFTY
Nifty Financial Services
Max pain for FINNIFTY
14 Nov 2024 09:33 AM IST
Max Pain for FINNIFTY is 23400
Strike 20700 has a total call value of 0 versus a total put value of 1,116,711,500,000 Combined total value = 1,116,711,500,000
Strike 20750 has a total call value of 0 versus a total put value of 1,089,509,750,000 Combined total value = 1,089,509,750,000
Strike 20800 has a total call value of 0 versus a total put value of 1,062,308,000,000 Combined total value = 1,062,308,000,000
Strike 20850 has a total call value of 0 versus a total put value of 1,035,111,500,000 Combined total value = 1,035,111,500,000
Strike 20900 has a total call value of 0 versus a total put value of 1,007,915,000,000 Combined total value = 1,007,915,000,000
Strike 20950 has a total call value of 0 versus a total put value of 980,738,125,000 Combined total value = 980,738,125,000
Strike 21000 has a total call value of 0 versus a total put value of 953,561,250,000 Combined total value = 953,561,250,000
Strike 21050 has a total call value of 0 versus a total put value of 926,483,000,000 Combined total value = 926,483,000,000
Strike 21100 has a total call value of 0 versus a total put value of 899,404,750,000 Combined total value = 899,404,750,000
Strike 21150 has a total call value of 0 versus a total put value of 872,840,750,000 Combined total value = 872,840,750,000
Strike 21200 has a total call value of 0 versus a total put value of 846,276,750,000 Combined total value = 846,276,750,000
Strike 21250 has a total call value of 0 versus a total put value of 819,910,125,000 Combined total value = 819,910,125,000
Strike 21300 has a total call value of 0 versus a total put value of 793,543,500,000 Combined total value = 793,543,500,000
Strike 21350 has a total call value of 0 versus a total put value of 767,285,875,000 Combined total value = 767,285,875,000
Strike 21400 has a total call value of 0 versus a total put value of 741,028,250,000 Combined total value = 741,028,250,000
Strike 21450 has a total call value of 0 versus a total put value of 714,871,000,000 Combined total value = 714,871,000,000
Strike 21500 has a total call value of 0 versus a total put value of 688,713,750,000 Combined total value = 688,713,750,000
Strike 21550 has a total call value of 0 versus a total put value of 664,825,375,000 Combined total value = 664,825,375,000
Strike 21600 has a total call value of 0 versus a total put value of 640,937,000,000 Combined total value = 640,937,000,000
Strike 21650 has a total call value of 0 versus a total put value of 617,375,125,000 Combined total value = 617,375,125,000
Strike 21700 has a total call value of 0 versus a total put value of 593,813,250,000 Combined total value = 593,813,250,000
Strike 21750 has a total call value of 0 versus a total put value of 570,480,250,000 Combined total value = 570,480,250,000
Strike 21800 has a total call value of 0 versus a total put value of 547,147,250,000 Combined total value = 547,147,250,000
Strike 21850 has a total call value of 0 versus a total put value of 524,120,000,000 Combined total value = 524,120,000,000
Strike 21900 has a total call value of 0 versus a total put value of 501,092,750,000 Combined total value = 501,092,750,000
Strike 21950 has a total call value of 0 versus a total put value of 478,489,875,000 Combined total value = 478,489,875,000
Strike 22000 has a total call value of 0 versus a total put value of 455,887,000,000 Combined total value = 455,887,000,000
Strike 22050 has a total call value of 0 versus a total put value of 434,178,625,000 Combined total value = 434,178,625,000
Strike 22100 has a total call value of 0 versus a total put value of 412,512,750,000 Combined total value = 412,512,750,000
Strike 22150 has a total call value of 0 versus a total put value of 391,525,875,000 Combined total value = 391,525,875,000
Strike 22200 has a total call value of 0 versus a total put value of 370,560,250,000 Combined total value = 370,560,250,000
Strike 22250 has a total call value of 0 versus a total put value of 350,109,875,000 Combined total value = 350,109,875,000
Strike 22300 has a total call value of 0 versus a total put value of 329,823,500,000 Combined total value = 329,823,500,000
Strike 22350 has a total call value of 0 versus a total put value of 310,065,875,000 Combined total value = 310,065,875,000
Strike 22400 has a total call value of 0 versus a total put value of 290,537,625,000 Combined total value = 290,537,625,000
Strike 22450 has a total call value of 0 versus a total put value of 271,655,500,000 Combined total value = 271,655,500,000
Strike 22500 has a total call value of 0 versus a total put value of 253,042,625,000 Combined total value = 253,042,625,000
Strike 22550 has a total call value of 0 versus a total put value of 235,431,250,000 Combined total value = 235,431,250,000
Strike 22600 has a total call value of 0 versus a total put value of 217,977,125,000 Combined total value = 217,977,125,000
Strike 22650 has a total call value of 0 versus a total put value of 200,848,125,000 Combined total value = 200,848,125,000
Strike 22700 has a total call value of 0 versus a total put value of 183,874,000,000 Combined total value = 183,874,000,000
Strike 22750 has a total call value of 1,125,000 versus a total put value of 167,272,750,000 Combined total value = 167,273,875,000
Strike 22800 has a total call value of 12,625,000 versus a total put value of 151,052,125,000 Combined total value = 151,064,750,000
Strike 22850 has a total call value of 44,875,000 versus a total put value of 135,585,125,000 Combined total value = 135,630,000,000
Strike 22900 has a total call value of 83,625,000 versus a total put value of 120,622,375,000 Combined total value = 120,706,000,000
Strike 22950 has a total call value of 146,625,000 versus a total put value of 107,236,875,000 Combined total value = 107,383,500,000
Strike 23000 has a total call value of 240,750,000 versus a total put value of 94,249,375,000 Combined total value = 94,490,125,000
Strike 23050 has a total call value of 518,500,000 versus a total put value of 82,713,000,000 Combined total value = 83,231,500,000
Strike 23100 has a total call value of 931,875,000 versus a total put value of 71,675,500,000 Combined total value = 72,607,375,000
Strike 23150 has a total call value of 1,745,125,000 versus a total put value of 61,500,875,000 Combined total value = 63,246,000,000
Strike 23200 has a total call value of 3,038,375,000 versus a total put value of 52,106,375,000 Combined total value = 55,144,750,000
Strike 23250 has a total call value of 5,362,000,000 versus a total put value of 43,920,500,000 Combined total value = 49,282,500,000
Strike 23300 has a total call value of 8,513,000,000 versus a total put value of 36,365,250,000 Combined total value = 44,878,250,000
Strike 23350 has a total call value of 12,550,750,000 versus a total put value of 29,748,250,000 Combined total value = 42,299,000,000
Strike 23400 has a total call value of 17,223,500,000 versus a total put value of 23,536,250,000 Combined total value = 40,759,750,000
Strike 23450 has a total call value of 23,716,500,000 versus a total put value of 18,511,875,000 Combined total value = 42,228,375,000
Strike 23500 has a total call value of 31,043,250,000 versus a total put value of 13,791,000,000 Combined total value = 44,834,250,000
Strike 23550 has a total call value of 40,957,000,000 versus a total put value of 10,167,500,000 Combined total value = 51,124,500,000
Strike 23600 has a total call value of 51,796,375,000 versus a total put value of 7,116,750,000 Combined total value = 58,913,125,000
Strike 23650 has a total call value of 65,013,375,000 versus a total put value of 4,883,875,000 Combined total value = 69,897,250,000
Strike 23700 has a total call value of 79,361,875,000 versus a total put value of 2,927,250,000 Combined total value = 82,289,125,000
Strike 23750 has a total call value of 95,811,125,000 versus a total put value of 1,868,750,000 Combined total value = 97,679,875,000
Strike 23800 has a total call value of 113,182,750,000 versus a total put value of 810,250,000 Combined total value = 113,993,000,000
Strike 23850 has a total call value of 132,671,125,000 versus a total put value of 321,250,000 Combined total value = 132,992,375,000
Strike 23900 has a total call value of 153,175,000,000 versus a total put value of 0 Combined total value = 153,175,000,000
Strike 23950 has a total call value of 175,697,625,000 versus a total put value of 0 Combined total value = 175,697,625,000
Strike 24000 has a total call value of 198,979,250,000 versus a total put value of 0 Combined total value = 198,979,250,000
Strike 24050 has a total call value of 227,109,750,000 versus a total put value of 0 Combined total value = 227,109,750,000
Strike 24100 has a total call value of 256,348,250,000 versus a total put value of 0 Combined total value = 256,348,250,000
Strike 24150 has a total call value of 287,537,375,000 versus a total put value of 0 Combined total value = 287,537,375,000
Strike 24200 has a total call value of 319,692,750,000 versus a total put value of 0 Combined total value = 319,692,750,000
Strike 24250 has a total call value of 354,524,625,000 versus a total put value of 0 Combined total value = 354,524,625,000
Strike 24300 has a total call value of 390,277,000,000 versus a total put value of 0 Combined total value = 390,277,000,000
Strike 24350 has a total call value of 428,564,375,000 versus a total put value of 0 Combined total value = 428,564,375,000
Strike 24400 has a total call value of 467,402,375,000 versus a total put value of 0 Combined total value = 467,402,375,000
Strike 24450 has a total call value of 508,639,375,000 versus a total put value of 0 Combined total value = 508,639,375,000
Strike 24500 has a total call value of 550,224,000,000 versus a total put value of 0 Combined total value = 550,224,000,000
Strike 24550 has a total call value of 596,052,875,000 versus a total put value of 0 Combined total value = 596,052,875,000
Strike 24600 has a total call value of 642,194,875,000 versus a total put value of 0 Combined total value = 642,194,875,000
Strike 24650 has a total call value of 689,581,000,000 versus a total put value of 0 Combined total value = 689,581,000,000
Strike 24700 has a total call value of 737,137,125,000 versus a total put value of 0 Combined total value = 737,137,125,000
Strike 24750 has a total call value of 786,022,750,000 versus a total put value of 0 Combined total value = 786,022,750,000
Strike 24800 has a total call value of 835,009,875,000 versus a total put value of 0 Combined total value = 835,009,875,000
Strike 24850 has a total call value of 885,400,375,000 versus a total put value of 0 Combined total value = 885,400,375,000
Strike 24900 has a total call value of 935,881,375,000 versus a total put value of 0 Combined total value = 935,881,375,000
Strike 24950 has a total call value of 986,675,625,000 versus a total put value of 0 Combined total value = 986,675,625,000
Strike 25000 has a total call value of 1,037,514,875,000 versus a total put value of 0 Combined total value = 1,037,514,875,000
Strike 25050 has a total call value of 1,093,526,375,000 versus a total put value of 0 Combined total value = 1,093,526,375,000
Strike 25100 has a total call value of 1,149,589,125,000 versus a total put value of 0 Combined total value = 1,149,589,125,000
Strike 25150 has a total call value of 1,205,798,500,000 versus a total put value of 0 Combined total value = 1,205,798,500,000
Strike 25200 has a total call value of 1,262,053,125,000 versus a total put value of 0 Combined total value = 1,262,053,125,000
Strike 25250 has a total call value of 1,318,643,625,000 versus a total put value of 0 Combined total value = 1,318,643,625,000
Strike 25300 has a total call value of 1,375,269,625,000 versus a total put value of 0 Combined total value = 1,375,269,625,000
Strike 25350 has a total call value of 1,432,041,500,000 versus a total put value of 0 Combined total value = 1,432,041,500,000
Strike 25400 has a total call value of 1,488,830,250,000 versus a total put value of 0 Combined total value = 1,488,830,250,000
Strike 25450 has a total call value of 1,545,903,625,000 versus a total put value of 0 Combined total value = 1,545,903,625,000
Strike 25500 has a total call value of 1,603,009,375,000 versus a total put value of 0 Combined total value = 1,603,009,375,000
Strike 25550 has a total call value of 1,660,748,125,000 versus a total put value of 0 Combined total value = 1,660,748,125,000
Strike 25600 has a total call value of 1,718,531,625,000 versus a total put value of 0 Combined total value = 1,718,531,625,000
Strike 25650 has a total call value of 1,776,420,125,000 versus a total put value of 0 Combined total value = 1,776,420,125,000
Strike 25700 has a total call value of 1,834,308,625,000 versus a total put value of 0 Combined total value = 1,834,308,625,000
Strike 25750 has a total call value of 1,892,448,375,000 versus a total put value of 0 Combined total value = 1,892,448,375,000
Strike 25800 has a total call value of 1,950,588,125,000 versus a total put value of 0 Combined total value = 1,950,588,125,000
Strike 25850 has a total call value of 2,008,853,375,000 versus a total put value of 0 Combined total value = 2,008,853,375,000
Strike 25900 has a total call value of 2,067,118,625,000 versus a total put value of 0 Combined total value = 2,067,118,625,000
Strike 25950 has a total call value of 2,125,507,750,000 versus a total put value of 0 Combined total value = 2,125,507,750,000
Strike 26000 has a total call value of 2,183,896,875,000 versus a total put value of 0 Combined total value = 2,183,896,875,000
Strike 26050 has a total call value of 2,242,673,250,000 versus a total put value of 0 Combined total value = 2,242,673,250,000
Strike 26100 has a total call value of 2,301,449,625,000 versus a total put value of 0 Combined total value = 2,301,449,625,000
Strike 26150 has a total call value of 2,360,337,625,000 versus a total put value of 0 Combined total value = 2,360,337,625,000
Strike 26200 has a total call value of 2,419,225,625,000 versus a total put value of 0 Combined total value = 2,419,225,625,000
Strike 26250 has a total call value of 2,478,181,875,000 versus a total put value of 0 Combined total value = 2,478,181,875,000
Strike 26300 has a total call value of 2,537,138,125,000 versus a total put value of 0 Combined total value = 2,537,138,125,000
Strike 26350 has a total call value of 2,596,172,250,000 versus a total put value of 0 Combined total value = 2,596,172,250,000
Strike 26400 has a total call value of 2,655,206,375,000 versus a total put value of 0 Combined total value = 2,655,206,375,000
Strike 26450 has a total call value of 2,714,297,875,000 versus a total put value of 0 Combined total value = 2,714,297,875,000
Strike 26500 has a total call value of 2,773,389,375,000 versus a total put value of 0 Combined total value = 2,773,389,375,000
Strike 26550 has a total call value of 2,832,840,875,000 versus a total put value of 0 Combined total value = 2,832,840,875,000
Strike 26600 has a total call value of 2,892,292,375,000 versus a total put value of 0 Combined total value = 2,892,292,375,000
Strike 26650 has a total call value of 2,951,770,000,000 versus a total put value of 0 Combined total value = 2,951,770,000,000
Strike 26700 has a total call value of 3,011,247,625,000 versus a total put value of 0 Combined total value = 3,011,247,625,000
Strike 26750 has a total call value of 3,070,865,000,000 versus a total put value of 0 Combined total value = 3,070,865,000,000
Strike 26800 has a total call value of 3,130,482,375,000 versus a total put value of 0 Combined total value = 3,130,482,375,000
Strike 26850 has a total call value of 3,190,180,000,000 versus a total put value of 0 Combined total value = 3,190,180,000,000
Strike 26900 has a total call value of 3,249,877,625,000 versus a total put value of 0 Combined total value = 3,249,877,625,000
Max-Pain Table for Monthly Expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 431.75 | 440 |
ABB | 6697.55 | 7100 |
ABBOTINDIA | 27788.5 | 28500 |
ABCAPITAL | 189.25 | 200 |
ABFRL | 292.15 | 270 |
ACC | 2194.8 | 2280 |
ADANIENT | 2831 | 3000 |
ADANIPORTS | 1285.25 | 1340 |
ALKEM | 5592.75 | 5500 |
AMBUJACEM | 546.05 | 560 |
APOLLOHOSP | 6845.45 | 7000 |
APOLLOTYRE | 467.05 | 470 |
ASHOKLEY | 216.15 | 220 |
ASIANPAINT | 2482.75 | 2540 |
ASTRAL | 1723.7 | 1760 |
ATUL | 7277.75 | 7300 |
AUBANK | 568.95 | 590 |
AUROPHARMA | 1266.15 | 1300 |
AXISBANK | 1146.45 | 1160 |
BAJAJ-AUTO | 9461.8 | 9700 |
BAJAJFINSV | 1656.55 | 1700 |
BAJFINANCE | 6577.15 | 6800 |
BALKRISIND | 2732.4 | 2750 |
BANDHANBNK | 166.27 | 175 |
BANKBARODA | 246.2 | 250 |
BATAINDIA | 1327.65 | 1330 |
BEL | 279.1 | 290 |
BERGEPAINT | 488.95 | 500 |
BHARATFORG | 1327 | 1380 |
BHARTIARTL | 1545.2 | 1580 |
BHEL | 223.5 | 235 |
BIOCON | 334.55 | 335 |
BOSCHLTD | 33331.3 | 34000 |
BPCL | 304.8 | 310 |
BRITANNIA | 4994.85 | 5100 |
BSOFT | 551.9 | 560 |
CANBK | 99.85 | 103 |
CANFINHOME | 818.45 | 840 |
CHAMBLFERT | 461.85 | 480 |
CHOLAFIN | 1187.25 | 1260 |
CIPLA | 1492.4 | 1540 |
COALINDIA | 407.6 | 424.25 |
COFORGE | 8136 | 8000 |
COLPAL | 2753.7 | 2850 |
CONCOR | 784.45 | 820 |
COROMANDEL | 1666.6 | 1700 |
CROMPTON | 381.95 | 395 |
CUB | 172 | 175 |
CUMMINSIND | 3302.95 | 3500 |
DABUR | 510 | 530 |
DALBHARAT | 1690.05 | 1780 |
DEEPAKNTR | 2485.45 | 2600 |
DIVISLAB | 5736.4 | 5900 |
DIXON | 14867.95 | 14750 |
DLF | 758.55 | 780 |
DRREDDY | 1241 | 1270 |
EICHERMOT | 4914.8 | 4800 |
ESCORTS | 3497.9 | 3600 |
EXIDEIND | 418.35 | 440 |
FEDERALBNK | 199.76 | 202.5 |
GAIL | 189.19 | 200 |
GLENMARK | 1544.75 | 1600 |
GMRINFRA | 76.39 | 80 |
GNFC | 546.9 | 560 |
GODREJCP | 1184.55 | 1200 |
GODREJPROP | 2580.8 | 2700 |
GRANULES | 530.75 | 490 |
GRASIM | 2505.3 | 2520 |
GUJGASLTD | 492 | 510 |
HAL | 4013.6 | 4300 |
HAVELLS | 1609.25 | 1640 |
HCLTECH | 1889.55 | 1820 |
HDFCAMC | 4306.7 | 4350 |
HDFCBANK | 1694.9 | 1720 |
HDFCLIFE | 686.6 | 700 |
HEROMOTOCO | 4507.65 | 4800 |
HINDALCO | 632.5 | 650 |
HINDCOPPER | 261.7 | 290 |
HINDPETRO | 369.1 | 380 |
HINDUNILVR | 2432.6 | 2500 |
ICICIBANK | 1256.95 | 1260 |
ICICIGI | 1867.35 | 1900 |
ICICIPRULI | 693.35 | 710 |
IDEA | 7.5 | 8 |
IDFCFIRSTB | 64.05 | 65 |
IEX | 162.74 | 170 |
IGL | 413.95 | 420 |
INDHOTEL | 722.7 | 720 |
INDIAMART | 2313.7 | 2300 |
INDIGO | 3873.85 | 4000 |
INDUSINDBK | 1038.35 | 1080 |
INDUSTOWER | 318.6 | 340 |
INFY | 1873.9 | 1820 |
IOC | 135.66 | 142.5 |
IPCALAB | 1512.75 | 1520 |
IRCTC | 797.05 | 830 |
ITC | 470.7 | 480 |
JINDALSTEL | 877.7 | 910 |
JKCEMENT | 3958.75 | 4150 |
JSWSTEEL | 935.5 | 960 |
JUBLFOOD | 618.95 | 620 |
KOTAKBANK | 1694.35 | 1740 |
LALPATHLAB | 2933.85 | 3100 |
LAURUSLABS | 480.2 | 490 |
LICHSGFIN | 613.45 | 630 |
LT | 3529.1 | 3600 |
LTF | 136.88 | 140 |
LTIM | 5935.05 | 5950 |
LTTS | 5170.65 | 5200 |
LUPIN | 2031.3 | 2100 |
M&M | 2762.55 | 2850 |
M&MFIN | 258.55 | 270 |
MANAPPURAM | 159.78 | 157.5 |
MARICO | 595.3 | 610 |
MARUTI | 10963.25 | 11100 |
MCX | 6071.5 | 6200 |
METROPOLIS | 2039.9 | 2100 |
MFSL | 1211.8 | 1240 |
MGL | 1327.65 | 1400 |
MOTHERSON | 163.18 | 170 |
MPHASIS | 2875.35 | 2900 |
MRF | 121062.35 | 120000 |
MUTHOOTFIN | 1765.4 | 1820 |
NATIONALUM | 224.64 | 225 |
NAUKRI | 7609.95 | 7700 |
NAVINFLUOR | 3279.8 | 3350 |
NESTLEIND | 2227.15 | 2300 |
NMDC | 226.09 | 230 |
NTPC | 383.5 | 390 |
OBEROIRLTY | 1954.9 | 2000 |
OFSS | 11949.95 | 11500 |
ONGC | 252.2 | 260 |
PAGEIND | 45866.5 | 46000 |
PEL | 1023.7 | 1020 |
PERSISTENT | 5771.95 | 5600 |
PETRONET | 317.05 | 328 |
PFC | 467.4 | 460 |
PIDILITIND | 2979.4 | 3100 |
PIIND | 4106.6 | 4300 |
PNB | 101.85 | 105 |
POLYCAB | 6363.05 | 6500 |
POWERGRID | 313.65 | 320 |
PVRINOX | 1461.9 | 1480 |
RAMCOCEM | 893.25 | 880 |
RBLBANK | 153.72 | 160 |
RECLTD | 511.4 | 520 |
RELIANCE | 1259.8 | 1300 |
SAIL | 112.93 | 115 |
SBICARD | 686.2 | 690 |
SBILIFE | 1555.3 | 1580 |
SBIN | 812.8 | 830 |
SHREECEM | 23776.55 | 24500 |
SHRIRAMFIN | 2815 | 3000 |
SIEMENS | 6636.6 | 6900 |
SRF | 2203.1 | 2280 |
SUNPHARMA | 1777.7 | 1820 |
SUNTV | 728 | 730 |
SYNGENE | 859.3 | 880 |
TATACHEM | 1047.05 | 1100 |
TATACOMM | 1757.1 | 1780 |
TATACONSUM | 951.1 | 980 |
TATAMOTORS | 786 | 810 |
TATAPOWER | 405.5 | 425 |
TATASTEEL | 139.75 | 145 |
TCS | 4140 | 4150 |
TECHM | 1683.9 | 1660 |
TITAN | 3181.8 | 3200 |
TORNTPHARM | 3114.75 | 3200 |
TRENT | 6458.7 | 6600 |
TVSMOTOR | 2377.85 | 2400 |
UBL | 1865.45 | 1900 |
ULTRACEMCO | 10579.45 | 11000 |
UNITDSPR | 1433.4 | 1460 |
UPL | 514 | 530 |
VEDL | 433.85 | 460 |
VOLTAS | 1713 | 1700 |
WIPRO | 571.9 | 560 |
ZYDUSLIFE | 972.35 | 980 |
Note:
Stock LTP > Max Pain | Bearish Trend |
Stock LTP < Max Pain | Bullish Trend |
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.