FINNIFTY
Nifty Financial Services
Max pain for FINNIFTY
08 Nov 2024 04:13 PM IST
Max Pain for FINNIFTY is 23900
Strike 21000 has a total call value of 0 versus a total put value of 2,118,040,500,000 Combined total value = 2,118,040,500,000
Strike 21050 has a total call value of 0 versus a total put value of 2,069,656,125,000 Combined total value = 2,069,656,125,000
Strike 21100 has a total call value of 0 versus a total put value of 2,021,271,750,000 Combined total value = 2,021,271,750,000
Strike 21150 has a total call value of 0 versus a total put value of 1,973,196,250,000 Combined total value = 1,973,196,250,000
Strike 21200 has a total call value of 0 versus a total put value of 1,925,120,750,000 Combined total value = 1,925,120,750,000
Strike 21250 has a total call value of 0 versus a total put value of 1,877,395,000,000 Combined total value = 1,877,395,000,000
Strike 21300 has a total call value of 0 versus a total put value of 1,829,669,250,000 Combined total value = 1,829,669,250,000
Strike 21350 has a total call value of 0 versus a total put value of 1,782,158,875,000 Combined total value = 1,782,158,875,000
Strike 21400 has a total call value of 0 versus a total put value of 1,734,648,500,000 Combined total value = 1,734,648,500,000
Strike 21450 has a total call value of 0 versus a total put value of 1,687,252,125,000 Combined total value = 1,687,252,125,000
Strike 21500 has a total call value of 0 versus a total put value of 1,639,855,750,000 Combined total value = 1,639,855,750,000
Strike 21550 has a total call value of 0 versus a total put value of 1,593,047,875,000 Combined total value = 1,593,047,875,000
Strike 21600 has a total call value of 0 versus a total put value of 1,546,240,000,000 Combined total value = 1,546,240,000,000
Strike 21650 has a total call value of 0 versus a total put value of 1,499,617,375,000 Combined total value = 1,499,617,375,000
Strike 21700 has a total call value of 0 versus a total put value of 1,452,994,750,000 Combined total value = 1,452,994,750,000
Strike 21750 has a total call value of 0 versus a total put value of 1,406,399,875,000 Combined total value = 1,406,399,875,000
Strike 21800 has a total call value of 0 versus a total put value of 1,359,805,000,000 Combined total value = 1,359,805,000,000
Strike 21850 has a total call value of 0 versus a total put value of 1,313,287,875,000 Combined total value = 1,313,287,875,000
Strike 21900 has a total call value of 0 versus a total put value of 1,266,770,750,000 Combined total value = 1,266,770,750,000
Strike 21950 has a total call value of 0 versus a total put value of 1,220,339,625,000 Combined total value = 1,220,339,625,000
Strike 22000 has a total call value of 0 versus a total put value of 1,173,908,500,000 Combined total value = 1,173,908,500,000
Strike 22050 has a total call value of 0 versus a total put value of 1,129,478,750,000 Combined total value = 1,129,478,750,000
Strike 22100 has a total call value of 0 versus a total put value of 1,085,049,000,000 Combined total value = 1,085,049,000,000
Strike 22150 has a total call value of 0 versus a total put value of 1,040,751,125,000 Combined total value = 1,040,751,125,000
Strike 22200 has a total call value of 0 versus a total put value of 996,453,250,000 Combined total value = 996,453,250,000
Strike 22250 has a total call value of 0 versus a total put value of 952,408,125,000 Combined total value = 952,408,125,000
Strike 22300 has a total call value of 0 versus a total put value of 908,409,625,000 Combined total value = 908,409,625,000
Strike 22350 has a total call value of 0 versus a total put value of 865,218,000,000 Combined total value = 865,218,000,000
Strike 22400 has a total call value of 0 versus a total put value of 822,127,000,000 Combined total value = 822,127,000,000
Strike 22450 has a total call value of 0 versus a total put value of 779,731,500,000 Combined total value = 779,731,500,000
Strike 22500 has a total call value of 0 versus a total put value of 737,393,250,000 Combined total value = 737,393,250,000
Strike 22550 has a total call value of 0 versus a total put value of 698,170,250,000 Combined total value = 698,170,250,000
Strike 22600 has a total call value of 0 versus a total put value of 659,016,125,000 Combined total value = 659,016,125,000
Strike 22650 has a total call value of 0 versus a total put value of 620,538,750,000 Combined total value = 620,538,750,000
Strike 22700 has a total call value of 0 versus a total put value of 582,144,625,000 Combined total value = 582,144,625,000
Strike 22750 has a total call value of 0 versus a total put value of 544,515,875,000 Combined total value = 544,515,875,000
Strike 22800 has a total call value of 0 versus a total put value of 507,068,875,000 Combined total value = 507,068,875,000
Strike 22850 has a total call value of 0 versus a total put value of 470,913,250,000 Combined total value = 470,913,250,000
Strike 22900 has a total call value of 0 versus a total put value of 435,063,875,000 Combined total value = 435,063,875,000
Strike 22950 has a total call value of 625,000 versus a total put value of 400,052,500,000 Combined total value = 400,053,125,000
Strike 23000 has a total call value of 1,250,000 versus a total put value of 365,535,750,000 Combined total value = 365,537,000,000
Strike 23050 has a total call value of 3,250,000 versus a total put value of 333,607,250,000 Combined total value = 333,610,500,000
Strike 23100 has a total call value of 5,250,000 versus a total put value of 302,345,625,000 Combined total value = 302,350,875,000
Strike 23150 has a total call value of 7,250,000 versus a total put value of 272,464,250,000 Combined total value = 272,471,500,000
Strike 23200 has a total call value of 10,250,000 versus a total put value of 245,851,750,000 Combined total value = 245,862,000,000
Strike 23250 has a total call value of 34,500,000 versus a total put value of 221,339,625,000 Combined total value = 221,374,125,000
Strike 23300 has a total call value of 58,750,000 versus a total put value of 197,558,125,000 Combined total value = 197,616,875,000
Strike 23350 has a total call value of 85,625,000 versus a total put value of 175,041,875,000 Combined total value = 175,127,500,000
Strike 23400 has a total call value of 113,875,000 versus a total put value of 153,499,750,000 Combined total value = 153,613,625,000
Strike 23450 has a total call value of 168,000,000 versus a total put value of 133,334,875,000 Combined total value = 133,502,875,000
Strike 23500 has a total call value of 238,375,000 versus a total put value of 114,180,000,000 Combined total value = 114,418,375,000
Strike 23550 has a total call value of 375,000,000 versus a total put value of 97,872,250,000 Combined total value = 98,247,250,000
Strike 23600 has a total call value of 557,000,000 versus a total put value of 82,372,125,000 Combined total value = 82,929,125,000
Strike 23650 has a total call value of 922,875,000 versus a total put value of 69,127,375,000 Combined total value = 70,050,250,000
Strike 23700 has a total call value of 1,374,375,000 versus a total put value of 57,268,250,000 Combined total value = 58,642,625,000
Strike 23750 has a total call value of 2,203,875,000 versus a total put value of 46,762,000,000 Combined total value = 48,965,875,000
Strike 23800 has a total call value of 3,326,750,000 versus a total put value of 37,137,250,000 Combined total value = 40,464,000,000
Strike 23850 has a total call value of 5,640,625,000 versus a total put value of 29,231,250,000 Combined total value = 34,871,875,000
Strike 23900 has a total call value of 10,073,500,000 versus a total put value of 22,956,875,000 Combined total value = 33,030,375,000
Strike 23950 has a total call value of 16,616,875,000 versus a total put value of 17,990,375,000 Combined total value = 34,607,250,000
Strike 24000 has a total call value of 24,483,875,000 versus a total put value of 13,628,625,000 Combined total value = 38,112,500,000
Strike 24050 has a total call value of 36,605,750,000 versus a total put value of 10,805,250,000 Combined total value = 47,411,000,000
Strike 24100 has a total call value of 50,809,375,000 versus a total put value of 8,171,375,000 Combined total value = 58,980,750,000
Strike 24150 has a total call value of 68,170,125,000 versus a total put value of 5,939,000,000 Combined total value = 74,109,125,000
Strike 24200 has a total call value of 87,616,750,000 versus a total put value of 3,970,125,000 Combined total value = 91,586,875,000
Strike 24250 has a total call value of 112,962,000,000 versus a total put value of 2,983,000,000 Combined total value = 115,945,000,000
Strike 24300 has a total call value of 140,743,500,000 versus a total put value of 2,176,000,000 Combined total value = 142,919,500,000
Strike 24350 has a total call value of 172,370,750,000 versus a total put value of 1,651,000,000 Combined total value = 174,021,750,000
Strike 24400 has a total call value of 207,321,875,000 versus a total put value of 1,206,000,000 Combined total value = 208,527,875,000
Strike 24450 has a total call value of 245,487,375,000 versus a total put value of 857,625,000 Combined total value = 246,345,000,000
Strike 24500 has a total call value of 286,654,000,000 versus a total put value of 570,125,000 Combined total value = 287,224,125,000
Strike 24550 has a total call value of 332,669,000,000 versus a total put value of 446,000,000 Combined total value = 333,115,000,000
Strike 24600 has a total call value of 380,927,500,000 versus a total put value of 337,500,000 Combined total value = 381,265,000,000
Strike 24650 has a total call value of 432,957,000,000 versus a total put value of 245,375,000 Combined total value = 433,202,375,000
Strike 24700 has a total call value of 486,958,500,000 versus a total put value of 153,250,000 Combined total value = 487,111,750,000
Strike 24750 has a total call value of 543,244,875,000 versus a total put value of 76,875,000 Combined total value = 543,321,750,000
Strike 24800 has a total call value of 600,974,750,000 versus a total put value of 4,125,000 Combined total value = 600,978,875,000
Strike 24850 has a total call value of 661,964,875,000 versus a total put value of 3,875,000 Combined total value = 661,968,750,000
Strike 24900 has a total call value of 723,923,625,000 versus a total put value of 3,750,000 Combined total value = 723,927,375,000
Strike 24950 has a total call value of 788,080,000,000 versus a total put value of 3,625,000 Combined total value = 788,083,625,000
Strike 25000 has a total call value of 853,006,875,000 versus a total put value of 3,500,000 Combined total value = 853,010,375,000
Strike 25050 has a total call value of 927,105,625,000 versus a total put value of 3,375,000 Combined total value = 927,109,000,000
Strike 25100 has a total call value of 1,002,304,750,000 versus a total put value of 3,250,000 Combined total value = 1,002,308,000,000
Strike 25150 has a total call value of 1,079,015,625,000 versus a total put value of 3,125,000 Combined total value = 1,079,018,750,000
Strike 25200 has a total call value of 1,156,289,500,000 versus a total put value of 3,000,000 Combined total value = 1,156,292,500,000
Strike 25250 has a total call value of 1,236,244,625,000 versus a total put value of 2,875,000 Combined total value = 1,236,247,500,000
Strike 25300 has a total call value of 1,316,573,000,000 versus a total put value of 2,750,000 Combined total value = 1,316,575,750,000
Strike 25350 has a total call value of 1,397,976,375,000 versus a total put value of 2,625,000 Combined total value = 1,397,979,000,000
Strike 25400 has a total call value of 1,479,725,500,000 versus a total put value of 2,500,000 Combined total value = 1,479,728,000,000
Strike 25450 has a total call value of 1,562,275,625,000 versus a total put value of 2,375,000 Combined total value = 1,562,278,000,000
Strike 25500 has a total call value of 1,645,198,125,000 versus a total put value of 2,250,000 Combined total value = 1,645,200,375,000
Strike 25550 has a total call value of 1,732,308,875,000 versus a total put value of 2,125,000 Combined total value = 1,732,311,000,000
Strike 25600 has a total call value of 1,819,679,875,000 versus a total put value of 2,000,000 Combined total value = 1,819,681,875,000
Strike 25650 has a total call value of 1,908,062,000,000 versus a total put value of 1,875,000 Combined total value = 1,908,063,875,000
Strike 25700 has a total call value of 1,996,444,125,000 versus a total put value of 1,750,000 Combined total value = 1,996,445,875,000
Strike 25750 has a total call value of 2,085,295,750,000 versus a total put value of 1,625,000 Combined total value = 2,085,297,375,000
Strike 25800 has a total call value of 2,174,147,375,000 versus a total put value of 1,500,000 Combined total value = 2,174,148,875,000
Strike 25850 has a total call value of 2,263,596,500,000 versus a total put value of 1,375,000 Combined total value = 2,263,597,875,000
Strike 25900 has a total call value of 2,353,045,625,000 versus a total put value of 1,250,000 Combined total value = 2,353,046,875,000
Strike 25950 has a total call value of 2,442,721,875,000 versus a total put value of 1,125,000 Combined total value = 2,442,723,000,000
Strike 26000 has a total call value of 2,532,398,125,000 versus a total put value of 1,000,000 Combined total value = 2,532,399,125,000
Strike 26050 has a total call value of 2,624,165,500,000 versus a total put value of 875,000 Combined total value = 2,624,166,375,000
Strike 26100 has a total call value of 2,715,932,875,000 versus a total put value of 750,000 Combined total value = 2,715,933,625,000
Strike 26150 has a total call value of 2,807,950,750,000 versus a total put value of 625,000 Combined total value = 2,807,951,375,000
Strike 26200 has a total call value of 2,899,968,625,000 versus a total put value of 500,000 Combined total value = 2,899,969,125,000
Strike 26250 has a total call value of 2,992,141,125,000 versus a total put value of 375,000 Combined total value = 2,992,141,500,000
Strike 26300 has a total call value of 3,084,313,625,000 versus a total put value of 250,000 Combined total value = 3,084,313,875,000
Strike 26350 has a total call value of 3,177,208,375,000 versus a total put value of 125,000 Combined total value = 3,177,208,500,000
Strike 26400 has a total call value of 3,270,103,125,000 versus a total put value of 0 Combined total value = 3,270,103,125,000
Strike 26450 has a total call value of 3,363,565,875,000 versus a total put value of 0 Combined total value = 3,363,565,875,000
Strike 26500 has a total call value of 3,457,028,625,000 versus a total put value of 0 Combined total value = 3,457,028,625,000
Strike 26550 has a total call value of 3,552,180,375,000 versus a total put value of 0 Combined total value = 3,552,180,375,000
Strike 26600 has a total call value of 3,647,332,125,000 versus a total put value of 0 Combined total value = 3,647,332,125,000
Strike 26650 has a total call value of 3,743,112,125,000 versus a total put value of 0 Combined total value = 3,743,112,125,000
Strike 26700 has a total call value of 3,838,892,125,000 versus a total put value of 0 Combined total value = 3,838,892,125,000
Strike 26750 has a total call value of 3,935,260,500,000 versus a total put value of 0 Combined total value = 3,935,260,500,000
Strike 26800 has a total call value of 4,031,628,875,000 versus a total put value of 0 Combined total value = 4,031,628,875,000
Strike 26850 has a total call value of 4,128,929,000,000 versus a total put value of 0 Combined total value = 4,128,929,000,000
Strike 26900 has a total call value of 4,226,229,125,000 versus a total put value of 0 Combined total value = 4,226,229,125,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 474.4 | 500 |
| ABB | 7045.45 | 7200 |
| ABBOTINDIA | 28553.05 | 29000 |
| ABCAPITAL | 201.11 | 205 |
| ABFRL | 297.15 | 305 |
| ACC | 2291.4 | 2400 |
| ADANIENT | 2929.1 | 3000 |
| ADANIPORTS | 1362.1 | 1380 |
| ALKEM | 5706.5 | 5800 |
| AMBUJACEM | 564.9 | 580 |
| APOLLOHOSP | 7421.4 | 7400 |
| APOLLOTYRE | 491.05 | 490 |
| ASHOKLEY | 221.89 | 217.5 |
| ASIANPAINT | 2769.45 | 2900 |
| ASTRAL | 1788.8 | 1800 |
| ATUL | 7885.5 | 7800 |
| AUBANK | 580.65 | 610 |
| AUROPHARMA | 1327.55 | 1400 |
| AXISBANK | 1160.95 | 1170 |
| BAJAJ-AUTO | 9910.4 | 10000 |
| BAJAJFINSV | 1739.75 | 1740 |
| BAJFINANCE | 6895.95 | 7000 |
| BALKRISIND | 2829.05 | 2900 |
| BANDHANBNK | 177.68 | 185 |
| BANKBARODA | 256.6 | 257.5 |
| BATAINDIA | 1336.3 | 1340 |
| BEL | 297.75 | 295 |
| BERGEPAINT | 504.25 | 520 |
| BHARATFORG | 1420.05 | 1420 |
| BHARTIARTL | 1569.9 | 1600 |
| BHEL | 239.04 | 240 |
| BIOCON | 321.3 | 325 |
| BOSCHLTD | 35119.4 | 36000 |
| BPCL | 310.45 | 315 |
| BRITANNIA | 5747.15 | 5750 |
| BSOFT | 567.3 | 570 |
| CANBK | 103.69 | 105 |
| CANFINHOME | 849.6 | 860 |
| CHAMBLFERT | 482.65 | 500 |
| CHOLAFIN | 1260.7 | 1300 |
| CIPLA | 1592.6 | 1560 |
| COALINDIA | 424.05 | 435 |
| COFORGE | 7953.8 | 7800 |
| COLPAL | 2870.9 | 3000 |
| CONCOR | 827.4 | 840 |
| COROMANDEL | 1752 | 1700 |
| CROMPTON | 398.6 | 395 |
| CUB | 178.82 | 175 |
| CUMMINSIND | 3655.35 | 3600 |
| DABUR | 531.5 | 540 |
| DALBHARAT | 1768.05 | 1800 |
| DEEPAKNTR | 2678.25 | 2800 |
| DIVISLAB | 5949.85 | 5950 |
| DIXON | 15621.1 | 15000 |
| DLF | 786 | 810 |
| DRREDDY | 1283.65 | 1290 |
| EICHERMOT | 4785.25 | 4850 |
| ESCORTS | 3635.5 | 3650 |
| EXIDEIND | 437.05 | 450 |
| FEDERALBNK | 206.77 | 205 |
| GAIL | 204.17 | 210 |
| GLENMARK | 1666.5 | 1700 |
| GMRINFRA | 80.29 | 84 |
| GNFC | 618.65 | 630 |
| GODREJCP | 1251.05 | 1280 |
| GODREJPROP | 2685.2 | 2800 |
| GRANULES | 584.5 | 570 |
| GRASIM | 2544.85 | 2580 |
| GUJGASLTD | 523.55 | 530 |
| HAL | 4400.6 | 4400 |
| HAVELLS | 1660.65 | 1660 |
| HCLTECH | 1837.5 | 1800 |
| HDFCAMC | 4484.55 | 4400 |
| HDFCBANK | 1754.45 | 1740 |
| HDFCLIFE | 708.5 | 710 |
| HEROMOTOCO | 4768.9 | 4900 |
| HINDALCO | 650.45 | 670 |
| HINDCOPPER | 280.95 | 295 |
| HINDPETRO | 383.05 | 390 |
| HINDUNILVR | 2507.7 | 2540 |
| ICICIBANK | 1258.85 | 1270 |
| ICICIGI | 1910.15 | 1900 |
| ICICIPRULI | 710.35 | 720 |
| IDEA | 7.88 | 8 |
| IDFCFIRSTB | 65.63 | 67 |
| IEX | 171.07 | 177.5 |
| IGL | 442.35 | 430 |
| INDHOTEL | 732.9 | 710 |
| INDIAMART | 2373.45 | 2450 |
| INDIGO | 4002.95 | 4000 |
| INDUSINDBK | 1053.8 | 1080 |
| INDUSTOWER | 326.2 | 350 |
| INFY | 1829.95 | 1800 |
| IOC | 140.34 | 145 |
| IPCALAB | 1558.65 | 1560 |
| IRCTC | 832.5 | 850 |
| ITC | 478.05 | 485 |
| JINDALSTEL | 928.05 | 940 |
| JKCEMENT | 4081.3 | 4200 |
| JSWSTEEL | 996.4 | 1000 |
| JUBLFOOD | 607.25 | 600 |
| KOTAKBANK | 1745.8 | 1760 |
| LALPATHLAB | 3060.2 | 3100 |
| LAURUSLABS | 499.35 | 490 |
| LICHSGFIN | 635 | 640 |
| LT | 3660.3 | 3600 |
| LTF | 140.11 | 147.5 |
| LTIM | 5926.95 | 5900 |
| LTTS | 5100.95 | 5100 |
| LUPIN | 2104.6 | 2120 |
| M&M | 2974.9 | 2900 |
| M&MFIN | 276.15 | 280 |
| MANAPPURAM | 150.37 | 150 |
| MARICO | 629.85 | 640 |
| MARUTI | 11303 | 11200 |
| MCX | 6413.1 | 6400 |
| METROPOLIS | 2115.45 | 2100 |
| MFSL | 1219.05 | 1240 |
| MGL | 1421.65 | 1440 |
| MOTHERSON | 176.08 | 187.5 |
| MPHASIS | 2858.35 | 2900 |
| MRF | 119354.3 | 120000 |
| MUTHOOTFIN | 1804.55 | 1880 |
| NATIONALUM | 238.89 | 230 |
| NAUKRI | 7654.6 | 7800 |
| NAVINFLUOR | 3543.35 | 3500 |
| NESTLEIND | 2295.65 | 2300 |
| NMDC | 235.97 | 235 |
| NTPC | 397.65 | 400 |
| OBEROIRLTY | 2016.8 | 2000 |
| OFSS | 11518.15 | 11000 |
| ONGC | 262.55 | 270 |
| PAGEIND | 48002.9 | 47000 |
| PEL | 1047.65 | 1080 |
| PERSISTENT | 5668.7 | 5500 |
| PETRONET | 328.9 | 333 |
| PFC | 449.4 | 460 |
| PIDILITIND | 3125.7 | 3160 |
| PIIND | 4562.45 | 4600 |
| PNB | 104.79 | 105 |
| POLYCAB | 6725.8 | 6700 |
| POWERGRID | 316.25 | 320 |
| PVRINOX | 1467.2 | 1500 |
| RAMCOCEM | 865.8 | 880 |
| RBLBANK | 165.29 | 170 |
| RECLTD | 514.55 | 530 |
| RELIANCE | 1283.75 | 1330 |
| SAIL | 118.21 | 120 |
| SBICARD | 699.4 | 700 |
| SBILIFE | 1569.95 | 1600 |
| SBIN | 843.15 | 840 |
| SHREECEM | 24533 | 25000 |
| SHRIRAMFIN | 3007.95 | 3100 |
| SIEMENS | 7174.35 | 7000 |
| SRF | 2305.95 | 2300 |
| SUNPHARMA | 1809.6 | 1820 |
| SUNTV | 755.2 | 750 |
| SYNGENE | 898.45 | 890 |
| TATACHEM | 1101.5 | 1120 |
| TATACOMM | 1774.65 | 1800 |
| TATACONSUM | 992.95 | 1000 |
| TATAMOTORS | 805.45 | 840 |
| TATAPOWER | 432.75 | 445 |
| TATASTEEL | 147.57 | 150 |
| TCS | 4147 | 4150 |
| TECHM | 1681.35 | 1660 |
| TITAN | 3186.25 | 3200 |
| TORNTPHARM | 3199.85 | 3200 |
| TRENT | 6298.95 | 6600 |
| TVSMOTOR | 2467.9 | 2500 |
| UBL | 1925.5 | 1940 |
| ULTRACEMCO | 11043.35 | 11100 |
| UNITDSPR | 1448.65 | 1460 |
| UPL | 557.6 | 560 |
| VEDL | 457.9 | 470 |
| VOLTAS | 1766 | 1720 |
| WIPRO | 569 | 560 |
| ZYDUSLIFE | 970.35 | 1000 |
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.
