How is Max Pain Calculated?

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. For each strike price: Calculate the difference between the current stock price and the strike price. Multiply this difference by the open interest (number of contracts) at that strike for both call and put options. Sum the values: Add together the dollar value for put options and call options at each strike price. Repeat for all strikes: Perform this calculation for every available strike price in the option chain. Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price. This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

How Can Traders Use Max Pain in Their Strategy?

Traders can incorporate Max Pain analysis into their trading strategy in several ways: Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level. Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes. Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly. Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration. Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

What Does Max Pain Indicate About Stock Price Movement?

Max Pain provides insights into potential stock price behavior, especially near option expiration: Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions. Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost. Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears. Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities. Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

How Often Does Max Pain Change?

Max Pain is a dynamic value that changes continuously based on several factors: Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation. Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations. Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements. New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest. For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

What's the Difference Between Max Pain and Spot Price?

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading: Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately. Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading. The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

Is Max Pain Always Accurate for Predicting Stock Price?

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why: Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions. Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts. Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum. Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level. Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target. Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

When is Max Pain Most Relevant for Options Trading?

Max Pain becomes increasingly relevant as option expiration approaches: Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur. Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations. High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure. Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement. Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement. While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.

GOLD

Q: What is Max Pain in Options Trading?

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation. The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Gold

129920 -542.00 (-0.42%)

L: 129577 H: 130764

Max Pain - GOLD

08 Dec 2025 11:59 PM IST Market Closed

Expiry

Max Pain for GOLD is 129000

Historical data for GOLD-129000-CE

LTP (129000 CE)

2755 -16

Open Interest

171 40

Historical data for GOLD-129000-PE

LTP (129000 PE)

1798 -16

Open Interest

239 94

Strike 100000 has a total call value of 0 versus a total put value of 11,578,400,000 Combined total value = 11,578,400,000

Strike 100100 has a total call value of 0 versus a total put value of 11,527,560,000 Combined total value = 11,527,560,000

Strike 100200 has a total call value of 0 versus a total put value of 11,476,720,000 Combined total value = 11,476,720,000

Strike 100300 has a total call value of 0 versus a total put value of 11,425,880,000 Combined total value = 11,425,880,000

Strike 100400 has a total call value of 0 versus a total put value of 11,375,040,000 Combined total value = 11,375,040,000

Strike 100500 has a total call value of 0 versus a total put value of 11,324,200,000 Combined total value = 11,324,200,000

Strike 100600 has a total call value of 0 versus a total put value of 11,273,360,000 Combined total value = 11,273,360,000

Strike 100700 has a total call value of 0 versus a total put value of 11,222,520,000 Combined total value = 11,222,520,000

Strike 100800 has a total call value of 0 versus a total put value of 11,171,680,000 Combined total value = 11,171,680,000

Strike 100900 has a total call value of 0 versus a total put value of 11,120,840,000 Combined total value = 11,120,840,000

Strike 101000 has a total call value of 0 versus a total put value of 11,070,000,000 Combined total value = 11,070,000,000

Strike 101100 has a total call value of 0 versus a total put value of 11,019,160,000 Combined total value = 11,019,160,000

Strike 101200 has a total call value of 0 versus a total put value of 10,968,320,000 Combined total value = 10,968,320,000

Strike 101300 has a total call value of 0 versus a total put value of 10,917,480,000 Combined total value = 10,917,480,000

Strike 101400 has a total call value of 0 versus a total put value of 10,866,640,000 Combined total value = 10,866,640,000

Strike 101500 has a total call value of 0 versus a total put value of 10,815,800,000 Combined total value = 10,815,800,000

Strike 101600 has a total call value of 0 versus a total put value of 10,764,960,000 Combined total value = 10,764,960,000

Strike 101700 has a total call value of 0 versus a total put value of 10,714,120,000 Combined total value = 10,714,120,000

Strike 101800 has a total call value of 0 versus a total put value of 10,663,280,000 Combined total value = 10,663,280,000

Strike 101900 has a total call value of 0 versus a total put value of 10,612,440,000 Combined total value = 10,612,440,000

Strike 102000 has a total call value of 0 versus a total put value of 10,561,600,000 Combined total value = 10,561,600,000

Strike 102100 has a total call value of 0 versus a total put value of 10,510,760,000 Combined total value = 10,510,760,000

Strike 102200 has a total call value of 0 versus a total put value of 10,459,920,000 Combined total value = 10,459,920,000

Strike 102300 has a total call value of 0 versus a total put value of 10,409,080,000 Combined total value = 10,409,080,000

Strike 102400 has a total call value of 0 versus a total put value of 10,358,240,000 Combined total value = 10,358,240,000

Strike 102500 has a total call value of 0 versus a total put value of 10,307,400,000 Combined total value = 10,307,400,000

Strike 102600 has a total call value of 0 versus a total put value of 10,256,560,000 Combined total value = 10,256,560,000

Strike 102700 has a total call value of 0 versus a total put value of 10,205,720,000 Combined total value = 10,205,720,000

Strike 102800 has a total call value of 0 versus a total put value of 10,154,880,000 Combined total value = 10,154,880,000

Strike 102900 has a total call value of 0 versus a total put value of 10,104,040,000 Combined total value = 10,104,040,000

Strike 103000 has a total call value of 0 versus a total put value of 10,053,200,000 Combined total value = 10,053,200,000

Strike 103100 has a total call value of 0 versus a total put value of 10,002,360,000 Combined total value = 10,002,360,000

Strike 103200 has a total call value of 0 versus a total put value of 9,951,520,000 Combined total value = 9,951,520,000

Strike 103300 has a total call value of 0 versus a total put value of 9,900,680,000 Combined total value = 9,900,680,000

Strike 103400 has a total call value of 0 versus a total put value of 9,849,840,000 Combined total value = 9,849,840,000

Strike 103500 has a total call value of 0 versus a total put value of 9,799,000,000 Combined total value = 9,799,000,000

Strike 103600 has a total call value of 0 versus a total put value of 9,748,160,000 Combined total value = 9,748,160,000

Strike 103700 has a total call value of 0 versus a total put value of 9,697,320,000 Combined total value = 9,697,320,000

Strike 103800 has a total call value of 0 versus a total put value of 9,646,480,000 Combined total value = 9,646,480,000

Strike 103900 has a total call value of 0 versus a total put value of 9,595,640,000 Combined total value = 9,595,640,000

Strike 104000 has a total call value of 0 versus a total put value of 9,544,800,000 Combined total value = 9,544,800,000

Strike 104100 has a total call value of 0 versus a total put value of 9,493,960,000 Combined total value = 9,493,960,000

Strike 104200 has a total call value of 0 versus a total put value of 9,443,120,000 Combined total value = 9,443,120,000

Strike 104300 has a total call value of 0 versus a total put value of 9,392,280,000 Combined total value = 9,392,280,000

Strike 104400 has a total call value of 0 versus a total put value of 9,341,440,000 Combined total value = 9,341,440,000

Strike 104500 has a total call value of 0 versus a total put value of 9,290,600,000 Combined total value = 9,290,600,000

Strike 104600 has a total call value of 0 versus a total put value of 9,239,760,000 Combined total value = 9,239,760,000

Strike 104700 has a total call value of 0 versus a total put value of 9,188,920,000 Combined total value = 9,188,920,000

Strike 104800 has a total call value of 0 versus a total put value of 9,138,080,000 Combined total value = 9,138,080,000

Strike 104900 has a total call value of 0 versus a total put value of 9,087,240,000 Combined total value = 9,087,240,000

Strike 105000 has a total call value of 0 versus a total put value of 9,036,400,000 Combined total value = 9,036,400,000

Strike 105100 has a total call value of 0 versus a total put value of 8,985,560,000 Combined total value = 8,985,560,000

Strike 105200 has a total call value of 0 versus a total put value of 8,934,720,000 Combined total value = 8,934,720,000

Strike 105300 has a total call value of 0 versus a total put value of 8,883,880,000 Combined total value = 8,883,880,000

Strike 105400 has a total call value of 0 versus a total put value of 8,833,040,000 Combined total value = 8,833,040,000

Strike 105500 has a total call value of 0 versus a total put value of 8,782,200,000 Combined total value = 8,782,200,000

Strike 105600 has a total call value of 0 versus a total put value of 8,731,360,000 Combined total value = 8,731,360,000

Strike 105700 has a total call value of 0 versus a total put value of 8,680,520,000 Combined total value = 8,680,520,000

Strike 105800 has a total call value of 0 versus a total put value of 8,629,680,000 Combined total value = 8,629,680,000

Strike 105900 has a total call value of 0 versus a total put value of 8,578,840,000 Combined total value = 8,578,840,000

Strike 106000 has a total call value of 0 versus a total put value of 8,528,000,000 Combined total value = 8,528,000,000

Strike 106100 has a total call value of 0 versus a total put value of 8,477,160,000 Combined total value = 8,477,160,000

Strike 106200 has a total call value of 0 versus a total put value of 8,426,320,000 Combined total value = 8,426,320,000

Strike 106300 has a total call value of 0 versus a total put value of 8,375,480,000 Combined total value = 8,375,480,000

Strike 106400 has a total call value of 0 versus a total put value of 8,324,640,000 Combined total value = 8,324,640,000

Strike 106500 has a total call value of 0 versus a total put value of 8,273,800,000 Combined total value = 8,273,800,000

Strike 106600 has a total call value of 0 versus a total put value of 8,222,960,000 Combined total value = 8,222,960,000

Strike 106700 has a total call value of 0 versus a total put value of 8,172,120,000 Combined total value = 8,172,120,000

Strike 106800 has a total call value of 0 versus a total put value of 8,121,280,000 Combined total value = 8,121,280,000

Strike 106900 has a total call value of 0 versus a total put value of 8,070,440,000 Combined total value = 8,070,440,000

Strike 107000 has a total call value of 0 versus a total put value of 8,019,600,000 Combined total value = 8,019,600,000

Strike 107100 has a total call value of 0 versus a total put value of 7,968,760,000 Combined total value = 7,968,760,000

Strike 107200 has a total call value of 0 versus a total put value of 7,917,920,000 Combined total value = 7,917,920,000

Strike 107300 has a total call value of 0 versus a total put value of 7,867,080,000 Combined total value = 7,867,080,000

Strike 107400 has a total call value of 0 versus a total put value of 7,816,240,000 Combined total value = 7,816,240,000

Strike 107500 has a total call value of 0 versus a total put value of 7,765,400,000 Combined total value = 7,765,400,000

Strike 107600 has a total call value of 0 versus a total put value of 7,714,560,000 Combined total value = 7,714,560,000

Strike 107700 has a total call value of 0 versus a total put value of 7,663,720,000 Combined total value = 7,663,720,000

Strike 107800 has a total call value of 0 versus a total put value of 7,612,880,000 Combined total value = 7,612,880,000

Strike 107900 has a total call value of 0 versus a total put value of 7,562,040,000 Combined total value = 7,562,040,000

Strike 108000 has a total call value of 0 versus a total put value of 7,511,200,000 Combined total value = 7,511,200,000

Strike 108100 has a total call value of 0 versus a total put value of 7,460,360,000 Combined total value = 7,460,360,000

Strike 108200 has a total call value of 0 versus a total put value of 7,409,520,000 Combined total value = 7,409,520,000

Strike 108300 has a total call value of 0 versus a total put value of 7,358,680,000 Combined total value = 7,358,680,000

Strike 108400 has a total call value of 0 versus a total put value of 7,307,840,000 Combined total value = 7,307,840,000

Strike 108500 has a total call value of 0 versus a total put value of 7,257,000,000 Combined total value = 7,257,000,000

Strike 108600 has a total call value of 0 versus a total put value of 7,206,160,000 Combined total value = 7,206,160,000

Strike 108700 has a total call value of 0 versus a total put value of 7,155,320,000 Combined total value = 7,155,320,000

Strike 108800 has a total call value of 0 versus a total put value of 7,104,480,000 Combined total value = 7,104,480,000

Strike 108900 has a total call value of 0 versus a total put value of 7,053,640,000 Combined total value = 7,053,640,000

Strike 109000 has a total call value of 0 versus a total put value of 7,002,800,000 Combined total value = 7,002,800,000

Strike 109100 has a total call value of 0 versus a total put value of 6,951,960,000 Combined total value = 6,951,960,000

Strike 109200 has a total call value of 0 versus a total put value of 6,901,120,000 Combined total value = 6,901,120,000

Strike 109300 has a total call value of 0 versus a total put value of 6,850,280,000 Combined total value = 6,850,280,000

Strike 109400 has a total call value of 0 versus a total put value of 6,799,440,000 Combined total value = 6,799,440,000

Strike 109500 has a total call value of 0 versus a total put value of 6,748,600,000 Combined total value = 6,748,600,000

Strike 109600 has a total call value of 0 versus a total put value of 6,697,760,000 Combined total value = 6,697,760,000

Strike 109700 has a total call value of 0 versus a total put value of 6,646,920,000 Combined total value = 6,646,920,000

Strike 109800 has a total call value of 0 versus a total put value of 6,596,080,000 Combined total value = 6,596,080,000

Strike 109900 has a total call value of 0 versus a total put value of 6,545,240,000 Combined total value = 6,545,240,000

Strike 110000 has a total call value of 0 versus a total put value of 6,494,400,000 Combined total value = 6,494,400,000

Strike 110100 has a total call value of 0 versus a total put value of 6,447,870,000 Combined total value = 6,447,870,000

Strike 110200 has a total call value of 0 versus a total put value of 6,401,340,000 Combined total value = 6,401,340,000

Strike 110300 has a total call value of 0 versus a total put value of 6,354,810,000 Combined total value = 6,354,810,000

Strike 110400 has a total call value of 0 versus a total put value of 6,308,280,000 Combined total value = 6,308,280,000

Strike 110500 has a total call value of 0 versus a total put value of 6,261,750,000 Combined total value = 6,261,750,000

Strike 110600 has a total call value of 0 versus a total put value of 6,215,220,000 Combined total value = 6,215,220,000

Strike 110700 has a total call value of 0 versus a total put value of 6,168,690,000 Combined total value = 6,168,690,000

Strike 110800 has a total call value of 0 versus a total put value of 6,122,160,000 Combined total value = 6,122,160,000

Strike 110900 has a total call value of 0 versus a total put value of 6,075,630,000 Combined total value = 6,075,630,000

Strike 111000 has a total call value of 0 versus a total put value of 6,029,100,000 Combined total value = 6,029,100,000

Strike 111100 has a total call value of 0 versus a total put value of 5,982,570,000 Combined total value = 5,982,570,000

Strike 111200 has a total call value of 0 versus a total put value of 5,936,040,000 Combined total value = 5,936,040,000

Strike 111300 has a total call value of 0 versus a total put value of 5,889,510,000 Combined total value = 5,889,510,000

Strike 111400 has a total call value of 0 versus a total put value of 5,842,980,000 Combined total value = 5,842,980,000

Strike 111500 has a total call value of 0 versus a total put value of 5,796,450,000 Combined total value = 5,796,450,000

Strike 111600 has a total call value of 0 versus a total put value of 5,749,920,000 Combined total value = 5,749,920,000

Strike 111700 has a total call value of 0 versus a total put value of 5,703,390,000 Combined total value = 5,703,390,000

Strike 111800 has a total call value of 0 versus a total put value of 5,656,860,000 Combined total value = 5,656,860,000

Strike 111900 has a total call value of 0 versus a total put value of 5,610,330,000 Combined total value = 5,610,330,000

Strike 112000 has a total call value of 0 versus a total put value of 5,563,800,000 Combined total value = 5,563,800,000

Strike 112100 has a total call value of 0 versus a total put value of 5,517,270,000 Combined total value = 5,517,270,000

Strike 112200 has a total call value of 0 versus a total put value of 5,470,740,000 Combined total value = 5,470,740,000

Strike 112300 has a total call value of 0 versus a total put value of 5,424,210,000 Combined total value = 5,424,210,000

Strike 112400 has a total call value of 0 versus a total put value of 5,377,680,000 Combined total value = 5,377,680,000

Strike 112500 has a total call value of 0 versus a total put value of 5,331,150,000 Combined total value = 5,331,150,000

Strike 112600 has a total call value of 0 versus a total put value of 5,284,620,000 Combined total value = 5,284,620,000

Strike 112700 has a total call value of 0 versus a total put value of 5,238,090,000 Combined total value = 5,238,090,000

Strike 112800 has a total call value of 0 versus a total put value of 5,191,560,000 Combined total value = 5,191,560,000

Strike 112900 has a total call value of 0 versus a total put value of 5,145,030,000 Combined total value = 5,145,030,000

Strike 113000 has a total call value of 0 versus a total put value of 5,098,500,000 Combined total value = 5,098,500,000

Strike 113100 has a total call value of 0 versus a total put value of 5,051,970,000 Combined total value = 5,051,970,000

Strike 113200 has a total call value of 0 versus a total put value of 5,005,440,000 Combined total value = 5,005,440,000

Strike 113300 has a total call value of 0 versus a total put value of 4,958,910,000 Combined total value = 4,958,910,000

Strike 113400 has a total call value of 0 versus a total put value of 4,912,380,000 Combined total value = 4,912,380,000

Strike 113500 has a total call value of 0 versus a total put value of 4,865,850,000 Combined total value = 4,865,850,000

Strike 113600 has a total call value of 0 versus a total put value of 4,819,320,000 Combined total value = 4,819,320,000

Strike 113700 has a total call value of 0 versus a total put value of 4,772,790,000 Combined total value = 4,772,790,000

Strike 113800 has a total call value of 0 versus a total put value of 4,726,260,000 Combined total value = 4,726,260,000

Strike 113900 has a total call value of 0 versus a total put value of 4,679,730,000 Combined total value = 4,679,730,000

Strike 114000 has a total call value of 0 versus a total put value of 4,633,200,000 Combined total value = 4,633,200,000

Strike 114100 has a total call value of 0 versus a total put value of 4,586,670,000 Combined total value = 4,586,670,000

Strike 114200 has a total call value of 0 versus a total put value of 4,540,140,000 Combined total value = 4,540,140,000

Strike 114300 has a total call value of 0 versus a total put value of 4,493,610,000 Combined total value = 4,493,610,000

Strike 114400 has a total call value of 0 versus a total put value of 4,447,080,000 Combined total value = 4,447,080,000

Strike 114500 has a total call value of 0 versus a total put value of 4,400,550,000 Combined total value = 4,400,550,000

Strike 114600 has a total call value of 0 versus a total put value of 4,354,020,000 Combined total value = 4,354,020,000

Strike 114700 has a total call value of 0 versus a total put value of 4,307,490,000 Combined total value = 4,307,490,000

Strike 114800 has a total call value of 0 versus a total put value of 4,260,960,000 Combined total value = 4,260,960,000

Strike 114900 has a total call value of 0 versus a total put value of 4,214,430,000 Combined total value = 4,214,430,000

Strike 115000 has a total call value of 0 versus a total put value of 4,167,900,000 Combined total value = 4,167,900,000

Strike 115100 has a total call value of 0 versus a total put value of 4,124,280,000 Combined total value = 4,124,280,000

Strike 115200 has a total call value of 0 versus a total put value of 4,080,660,000 Combined total value = 4,080,660,000

Strike 115300 has a total call value of 0 versus a total put value of 4,037,040,000 Combined total value = 4,037,040,000

Strike 115400 has a total call value of 0 versus a total put value of 3,993,420,000 Combined total value = 3,993,420,000

Strike 115500 has a total call value of 0 versus a total put value of 3,949,800,000 Combined total value = 3,949,800,000

Strike 115600 has a total call value of 0 versus a total put value of 3,906,180,000 Combined total value = 3,906,180,000

Strike 115700 has a total call value of 0 versus a total put value of 3,862,560,000 Combined total value = 3,862,560,000

Strike 115800 has a total call value of 0 versus a total put value of 3,818,940,000 Combined total value = 3,818,940,000

Strike 115900 has a total call value of 0 versus a total put value of 3,775,320,000 Combined total value = 3,775,320,000

Strike 116000 has a total call value of 0 versus a total put value of 3,731,700,000 Combined total value = 3,731,700,000

Strike 116100 has a total call value of 0 versus a total put value of 3,688,080,000 Combined total value = 3,688,080,000

Strike 116200 has a total call value of 0 versus a total put value of 3,644,460,000 Combined total value = 3,644,460,000

Strike 116300 has a total call value of 0 versus a total put value of 3,600,840,000 Combined total value = 3,600,840,000

Strike 116400 has a total call value of 0 versus a total put value of 3,557,220,000 Combined total value = 3,557,220,000

Strike 116500 has a total call value of 0 versus a total put value of 3,513,600,000 Combined total value = 3,513,600,000

Strike 116600 has a total call value of 0 versus a total put value of 3,469,980,000 Combined total value = 3,469,980,000

Strike 116700 has a total call value of 0 versus a total put value of 3,426,360,000 Combined total value = 3,426,360,000

Strike 116800 has a total call value of 0 versus a total put value of 3,382,740,000 Combined total value = 3,382,740,000

Strike 116900 has a total call value of 0 versus a total put value of 3,339,120,000 Combined total value = 3,339,120,000

Strike 117000 has a total call value of 0 versus a total put value of 3,295,500,000 Combined total value = 3,295,500,000

Strike 117100 has a total call value of 0 versus a total put value of 3,251,880,000 Combined total value = 3,251,880,000

Strike 117200 has a total call value of 0 versus a total put value of 3,208,260,000 Combined total value = 3,208,260,000

Strike 117300 has a total call value of 0 versus a total put value of 3,164,640,000 Combined total value = 3,164,640,000

Strike 117400 has a total call value of 0 versus a total put value of 3,121,020,000 Combined total value = 3,121,020,000

Strike 117500 has a total call value of 0 versus a total put value of 3,077,400,000 Combined total value = 3,077,400,000

Strike 117600 has a total call value of 0 versus a total put value of 3,033,780,000 Combined total value = 3,033,780,000

Strike 117700 has a total call value of 0 versus a total put value of 2,990,160,000 Combined total value = 2,990,160,000

Strike 117800 has a total call value of 0 versus a total put value of 2,946,540,000 Combined total value = 2,946,540,000

Strike 117900 has a total call value of 0 versus a total put value of 2,902,920,000 Combined total value = 2,902,920,000

Strike 118000 has a total call value of 0 versus a total put value of 2,859,300,000 Combined total value = 2,859,300,000

Strike 118100 has a total call value of 0 versus a total put value of 2,815,900,000 Combined total value = 2,815,900,000

Strike 118200 has a total call value of 0 versus a total put value of 2,772,500,000 Combined total value = 2,772,500,000

Strike 118300 has a total call value of 0 versus a total put value of 2,729,100,000 Combined total value = 2,729,100,000

Strike 118400 has a total call value of 0 versus a total put value of 2,685,700,000 Combined total value = 2,685,700,000

Strike 118500 has a total call value of 0 versus a total put value of 2,642,300,000 Combined total value = 2,642,300,000

Strike 118600 has a total call value of 0 versus a total put value of 2,598,900,000 Combined total value = 2,598,900,000

Strike 118700 has a total call value of 0 versus a total put value of 2,555,500,000 Combined total value = 2,555,500,000

Strike 118800 has a total call value of 0 versus a total put value of 2,512,100,000 Combined total value = 2,512,100,000

Strike 118900 has a total call value of 0 versus a total put value of 2,468,700,000 Combined total value = 2,468,700,000

Strike 119000 has a total call value of 0 versus a total put value of 2,425,300,000 Combined total value = 2,425,300,000

Strike 119100 has a total call value of 0 versus a total put value of 2,382,170,000 Combined total value = 2,382,170,000

Strike 119200 has a total call value of 0 versus a total put value of 2,339,040,000 Combined total value = 2,339,040,000

Strike 119300 has a total call value of 0 versus a total put value of 2,295,910,000 Combined total value = 2,295,910,000

Strike 119400 has a total call value of 0 versus a total put value of 2,252,780,000 Combined total value = 2,252,780,000

Strike 119500 has a total call value of 0 versus a total put value of 2,209,650,000 Combined total value = 2,209,650,000

Strike 119600 has a total call value of 0 versus a total put value of 2,166,520,000 Combined total value = 2,166,520,000

Strike 119700 has a total call value of 0 versus a total put value of 2,123,390,000 Combined total value = 2,123,390,000

Strike 119800 has a total call value of 0 versus a total put value of 2,080,260,000 Combined total value = 2,080,260,000

Strike 119900 has a total call value of 0 versus a total put value of 2,037,130,000 Combined total value = 2,037,130,000

Strike 120000 has a total call value of 0 versus a total put value of 1,994,000,000 Combined total value = 1,994,000,000

Strike 120100 has a total call value of 0 versus a total put value of 1,958,800,000 Combined total value = 1,958,800,000

Strike 120200 has a total call value of 0 versus a total put value of 1,923,600,000 Combined total value = 1,923,600,000

Strike 120300 has a total call value of 0 versus a total put value of 1,888,400,000 Combined total value = 1,888,400,000

Strike 120400 has a total call value of 0 versus a total put value of 1,853,200,000 Combined total value = 1,853,200,000

Strike 120500 has a total call value of 0 versus a total put value of 1,818,000,000 Combined total value = 1,818,000,000

Strike 120600 has a total call value of 0 versus a total put value of 1,782,800,000 Combined total value = 1,782,800,000

Strike 120700 has a total call value of 0 versus a total put value of 1,747,600,000 Combined total value = 1,747,600,000

Strike 120800 has a total call value of 0 versus a total put value of 1,712,400,000 Combined total value = 1,712,400,000

Strike 120900 has a total call value of 0 versus a total put value of 1,677,200,000 Combined total value = 1,677,200,000

Strike 121000 has a total call value of 0 versus a total put value of 1,642,000,000 Combined total value = 1,642,000,000

Strike 121100 has a total call value of 0 versus a total put value of 1,608,860,000 Combined total value = 1,608,860,000

Strike 121200 has a total call value of 0 versus a total put value of 1,575,720,000 Combined total value = 1,575,720,000

Strike 121300 has a total call value of 0 versus a total put value of 1,542,580,000 Combined total value = 1,542,580,000

Strike 121400 has a total call value of 0 versus a total put value of 1,509,440,000 Combined total value = 1,509,440,000

Strike 121500 has a total call value of 0 versus a total put value of 1,476,300,000 Combined total value = 1,476,300,000

Strike 121600 has a total call value of 0 versus a total put value of 1,443,160,000 Combined total value = 1,443,160,000

Strike 121700 has a total call value of 0 versus a total put value of 1,410,020,000 Combined total value = 1,410,020,000

Strike 121800 has a total call value of 0 versus a total put value of 1,376,880,000 Combined total value = 1,376,880,000

Strike 121900 has a total call value of 0 versus a total put value of 1,343,740,000 Combined total value = 1,343,740,000

Strike 122000 has a total call value of 0 versus a total put value of 1,310,600,000 Combined total value = 1,310,600,000

Strike 122100 has a total call value of 0 versus a total put value of 1,280,380,000 Combined total value = 1,280,380,000

Strike 122200 has a total call value of 0 versus a total put value of 1,250,160,000 Combined total value = 1,250,160,000

Strike 122300 has a total call value of 0 versus a total put value of 1,219,940,000 Combined total value = 1,219,940,000

Strike 122400 has a total call value of 0 versus a total put value of 1,189,720,000 Combined total value = 1,189,720,000

Strike 122500 has a total call value of 0 versus a total put value of 1,159,500,000 Combined total value = 1,159,500,000

Strike 122600 has a total call value of 0 versus a total put value of 1,129,360,000 Combined total value = 1,129,360,000

Strike 122700 has a total call value of 0 versus a total put value of 1,099,220,000 Combined total value = 1,099,220,000

Strike 122800 has a total call value of 0 versus a total put value of 1,069,080,000 Combined total value = 1,069,080,000

Strike 122900 has a total call value of 0 versus a total put value of 1,038,940,000 Combined total value = 1,038,940,000

Strike 123000 has a total call value of 0 versus a total put value of 1,008,800,000 Combined total value = 1,008,800,000

Strike 123100 has a total call value of 0 versus a total put value of 982,940,000 Combined total value = 982,940,000

Strike 123200 has a total call value of 0 versus a total put value of 957,080,000 Combined total value = 957,080,000

Strike 123300 has a total call value of 0 versus a total put value of 931,220,000 Combined total value = 931,220,000

Strike 123400 has a total call value of 0 versus a total put value of 905,360,000 Combined total value = 905,360,000

Strike 123500 has a total call value of 0 versus a total put value of 879,500,000 Combined total value = 879,500,000

Strike 123600 has a total call value of 0 versus a total put value of 853,640,000 Combined total value = 853,640,000

Strike 123700 has a total call value of 0 versus a total put value of 827,780,000 Combined total value = 827,780,000

Strike 123800 has a total call value of 0 versus a total put value of 801,920,000 Combined total value = 801,920,000

Strike 123900 has a total call value of 0 versus a total put value of 776,060,000 Combined total value = 776,060,000

Strike 124000 has a total call value of 0 versus a total put value of 750,200,000 Combined total value = 750,200,000

Strike 124100 has a total call value of 70,000 versus a total put value of 727,740,000 Combined total value = 727,810,000

Strike 124200 has a total call value of 140,000 versus a total put value of 705,280,000 Combined total value = 705,420,000

Strike 124300 has a total call value of 210,000 versus a total put value of 682,820,000 Combined total value = 683,030,000

Strike 124400 has a total call value of 280,000 versus a total put value of 660,360,000 Combined total value = 660,640,000

Strike 124500 has a total call value of 350,000 versus a total put value of 637,900,000 Combined total value = 638,250,000

Strike 124600 has a total call value of 420,000 versus a total put value of 615,440,000 Combined total value = 615,860,000

Strike 124700 has a total call value of 490,000 versus a total put value of 592,980,000 Combined total value = 593,470,000

Strike 124800 has a total call value of 560,000 versus a total put value of 570,520,000 Combined total value = 571,080,000

Strike 124900 has a total call value of 630,000 versus a total put value of 548,060,000 Combined total value = 548,690,000

Strike 125000 has a total call value of 700,000 versus a total put value of 525,600,000 Combined total value = 526,300,000

Strike 125100 has a total call value of 2,280,000 versus a total put value of 509,780,000 Combined total value = 512,060,000

Strike 125200 has a total call value of 3,860,000 versus a total put value of 493,960,000 Combined total value = 497,820,000

Strike 125300 has a total call value of 5,440,000 versus a total put value of 478,140,000 Combined total value = 483,580,000

Strike 125400 has a total call value of 7,020,000 versus a total put value of 462,320,000 Combined total value = 469,340,000

Strike 125500 has a total call value of 8,600,000 versus a total put value of 446,500,000 Combined total value = 455,100,000

Strike 125600 has a total call value of 10,180,000 versus a total put value of 430,680,000 Combined total value = 440,860,000

Strike 125700 has a total call value of 11,760,000 versus a total put value of 414,860,000 Combined total value = 426,620,000

Strike 125800 has a total call value of 13,340,000 versus a total put value of 399,040,000 Combined total value = 412,380,000

Strike 125900 has a total call value of 14,920,000 versus a total put value of 383,220,000 Combined total value = 398,140,000

Strike 126000 has a total call value of 16,500,000 versus a total put value of 367,400,000 Combined total value = 383,900,000

Strike 126100 has a total call value of 19,180,000 versus a total put value of 355,300,000 Combined total value = 374,480,000

Strike 126200 has a total call value of 21,860,000 versus a total put value of 343,200,000 Combined total value = 365,060,000

Strike 126300 has a total call value of 24,540,000 versus a total put value of 331,100,000 Combined total value = 355,640,000

Strike 126400 has a total call value of 27,220,000 versus a total put value of 319,000,000 Combined total value = 346,220,000

Strike 126500 has a total call value of 29,900,000 versus a total put value of 306,900,000 Combined total value = 336,800,000

Strike 126600 has a total call value of 32,580,000 versus a total put value of 294,800,000 Combined total value = 327,380,000

Strike 126700 has a total call value of 35,260,000 versus a total put value of 282,700,000 Combined total value = 317,960,000

Strike 126800 has a total call value of 37,940,000 versus a total put value of 270,600,000 Combined total value = 308,540,000

Strike 126900 has a total call value of 40,620,000 versus a total put value of 258,500,000 Combined total value = 299,120,000

Strike 127000 has a total call value of 43,300,000 versus a total put value of 246,400,000 Combined total value = 289,700,000

Strike 127100 has a total call value of 47,410,000 versus a total put value of 236,430,000 Combined total value = 283,840,000

Strike 127200 has a total call value of 51,520,000 versus a total put value of 226,460,000 Combined total value = 277,980,000

Strike 127300 has a total call value of 55,630,000 versus a total put value of 216,490,000 Combined total value = 272,120,000

Strike 127400 has a total call value of 59,740,000 versus a total put value of 206,520,000 Combined total value = 266,260,000

Strike 127500 has a total call value of 63,850,000 versus a total put value of 196,550,000 Combined total value = 260,400,000

Strike 127600 has a total call value of 67,960,000 versus a total put value of 186,580,000 Combined total value = 254,540,000

Strike 127700 has a total call value of 72,070,000 versus a total put value of 176,610,000 Combined total value = 248,680,000

Strike 127800 has a total call value of 76,180,000 versus a total put value of 166,640,000 Combined total value = 242,820,000

Strike 127900 has a total call value of 80,290,000 versus a total put value of 156,670,000 Combined total value = 236,960,000

Strike 128000 has a total call value of 84,400,000 versus a total put value of 146,700,000 Combined total value = 231,100,000

Strike 128100 has a total call value of 91,350,000 versus a total put value of 139,590,000 Combined total value = 230,940,000

Strike 128200 has a total call value of 98,300,000 versus a total put value of 132,480,000 Combined total value = 230,780,000

Strike 128300 has a total call value of 105,250,000 versus a total put value of 125,370,000 Combined total value = 230,620,000

Strike 128400 has a total call value of 112,200,000 versus a total put value of 118,260,000 Combined total value = 230,460,000

Strike 128500 has a total call value of 119,150,000 versus a total put value of 111,150,000 Combined total value = 230,300,000

Strike 128600 has a total call value of 126,100,000 versus a total put value of 104,140,000 Combined total value = 230,240,000

Strike 128700 has a total call value of 133,050,000 versus a total put value of 97,130,000 Combined total value = 230,180,000

Strike 128800 has a total call value of 140,000,000 versus a total put value of 90,120,000 Combined total value = 230,120,000

Strike 128900 has a total call value of 146,950,000 versus a total put value of 83,110,000 Combined total value = 230,060,000

Strike 129000 has a total call value of 153,900,000 versus a total put value of 76,100,000 Combined total value = 230,000,000

Strike 129100 has a total call value of 162,560,000 versus a total put value of 71,480,000 Combined total value = 234,040,000

Strike 129200 has a total call value of 171,220,000 versus a total put value of 66,860,000 Combined total value = 238,080,000

Strike 129300 has a total call value of 179,880,000 versus a total put value of 62,240,000 Combined total value = 242,120,000

Strike 129400 has a total call value of 188,540,000 versus a total put value of 57,620,000 Combined total value = 246,160,000

Strike 129500 has a total call value of 197,200,000 versus a total put value of 53,000,000 Combined total value = 250,200,000

Strike 129600 has a total call value of 205,860,000 versus a total put value of 48,380,000 Combined total value = 254,240,000

Strike 129700 has a total call value of 214,520,000 versus a total put value of 43,760,000 Combined total value = 258,280,000

Strike 129800 has a total call value of 223,180,000 versus a total put value of 39,140,000 Combined total value = 262,320,000

Strike 129900 has a total call value of 231,840,000 versus a total put value of 34,520,000 Combined total value = 266,360,000

Strike 130000 has a total call value of 240,500,000 versus a total put value of 29,900,000 Combined total value = 270,400,000

Strike 130100 has a total call value of 255,800,000 versus a total put value of 28,060,000 Combined total value = 283,860,000

Strike 130200 has a total call value of 271,100,000 versus a total put value of 26,220,000 Combined total value = 297,320,000

Strike 130300 has a total call value of 286,400,000 versus a total put value of 24,380,000 Combined total value = 310,780,000

Strike 130400 has a total call value of 301,700,000 versus a total put value of 22,540,000 Combined total value = 324,240,000

Strike 130500 has a total call value of 317,000,000 versus a total put value of 20,700,000 Combined total value = 337,700,000

Strike 130600 has a total call value of 332,410,000 versus a total put value of 18,860,000 Combined total value = 351,270,000

Strike 130700 has a total call value of 347,820,000 versus a total put value of 17,020,000 Combined total value = 364,840,000

Strike 130800 has a total call value of 363,230,000 versus a total put value of 15,180,000 Combined total value = 378,410,000

Strike 130900 has a total call value of 378,640,000 versus a total put value of 13,340,000 Combined total value = 391,980,000

Strike 131000 has a total call value of 394,050,000 versus a total put value of 11,500,000 Combined total value = 405,550,000

Strike 131100 has a total call value of 413,480,000 versus a total put value of 10,600,000 Combined total value = 424,080,000

Strike 131200 has a total call value of 432,910,000 versus a total put value of 9,700,000 Combined total value = 442,610,000

Strike 131300 has a total call value of 452,340,000 versus a total put value of 8,800,000 Combined total value = 461,140,000

Strike 131400 has a total call value of 471,770,000 versus a total put value of 7,900,000 Combined total value = 479,670,000

Strike 131500 has a total call value of 491,200,000 versus a total put value of 7,000,000 Combined total value = 498,200,000

Strike 131600 has a total call value of 510,760,000 versus a total put value of 6,100,000 Combined total value = 516,860,000

Strike 131700 has a total call value of 530,320,000 versus a total put value of 5,200,000 Combined total value = 535,520,000

Strike 131800 has a total call value of 549,880,000 versus a total put value of 4,300,000 Combined total value = 554,180,000

Strike 131900 has a total call value of 569,440,000 versus a total put value of 3,400,000 Combined total value = 572,840,000

Strike 132000 has a total call value of 589,000,000 versus a total put value of 2,500,000 Combined total value = 591,500,000

Strike 132100 has a total call value of 611,490,000 versus a total put value of 2,250,000 Combined total value = 613,740,000

Strike 132200 has a total call value of 633,980,000 versus a total put value of 2,000,000 Combined total value = 635,980,000

Strike 132300 has a total call value of 656,470,000 versus a total put value of 1,750,000 Combined total value = 658,220,000

Strike 132400 has a total call value of 678,960,000 versus a total put value of 1,500,000 Combined total value = 680,460,000

Strike 132500 has a total call value of 701,450,000 versus a total put value of 1,250,000 Combined total value = 702,700,000

Strike 132600 has a total call value of 723,940,000 versus a total put value of 1,000,000 Combined total value = 724,940,000

Strike 132700 has a total call value of 746,430,000 versus a total put value of 750,000 Combined total value = 747,180,000

Strike 132800 has a total call value of 768,920,000 versus a total put value of 500,000 Combined total value = 769,420,000

Strike 132900 has a total call value of 791,410,000 versus a total put value of 250,000 Combined total value = 791,660,000

Strike 133000 has a total call value of 813,900,000 versus a total put value of 0 Combined total value = 813,900,000

Strike 133100 has a total call value of 838,510,000 versus a total put value of 0 Combined total value = 838,510,000

Strike 133200 has a total call value of 863,120,000 versus a total put value of 0 Combined total value = 863,120,000

Strike 133300 has a total call value of 887,730,000 versus a total put value of 0 Combined total value = 887,730,000

Strike 133400 has a total call value of 912,340,000 versus a total put value of 0 Combined total value = 912,340,000

Strike 133500 has a total call value of 936,950,000 versus a total put value of 0 Combined total value = 936,950,000

Strike 133600 has a total call value of 961,560,000 versus a total put value of 0 Combined total value = 961,560,000

Strike 133700 has a total call value of 986,170,000 versus a total put value of 0 Combined total value = 986,170,000

Strike 133800 has a total call value of 1,010,780,000 versus a total put value of 0 Combined total value = 1,010,780,000

Strike 133900 has a total call value of 1,035,390,000 versus a total put value of 0 Combined total value = 1,035,390,000

Strike 134000 has a total call value of 1,060,000,000 versus a total put value of 0 Combined total value = 1,060,000,000

Strike 134100 has a total call value of 1,086,390,000 versus a total put value of 0 Combined total value = 1,086,390,000

Strike 134200 has a total call value of 1,112,780,000 versus a total put value of 0 Combined total value = 1,112,780,000

Strike 134300 has a total call value of 1,139,170,000 versus a total put value of 0 Combined total value = 1,139,170,000

Strike 134400 has a total call value of 1,165,560,000 versus a total put value of 0 Combined total value = 1,165,560,000

Strike 134500 has a total call value of 1,191,950,000 versus a total put value of 0 Combined total value = 1,191,950,000

Strike 134600 has a total call value of 1,218,340,000 versus a total put value of 0 Combined total value = 1,218,340,000

Strike 134700 has a total call value of 1,244,730,000 versus a total put value of 0 Combined total value = 1,244,730,000

Strike 134800 has a total call value of 1,271,120,000 versus a total put value of 0 Combined total value = 1,271,120,000

Strike 134900 has a total call value of 1,297,510,000 versus a total put value of 0 Combined total value = 1,297,510,000

Strike 135000 has a total call value of 1,323,900,000 versus a total put value of 0 Combined total value = 1,323,900,000

Strike 135100 has a total call value of 1,357,890,000 versus a total put value of 0 Combined total value = 1,357,890,000

Strike 135200 has a total call value of 1,391,880,000 versus a total put value of 0 Combined total value = 1,391,880,000

Strike 135300 has a total call value of 1,425,870,000 versus a total put value of 0 Combined total value = 1,425,870,000

Strike 135400 has a total call value of 1,459,860,000 versus a total put value of 0 Combined total value = 1,459,860,000

Strike 135500 has a total call value of 1,493,850,000 versus a total put value of 0 Combined total value = 1,493,850,000

Strike 135600 has a total call value of 1,527,850,000 versus a total put value of 0 Combined total value = 1,527,850,000

Strike 135700 has a total call value of 1,561,850,000 versus a total put value of 0 Combined total value = 1,561,850,000

Strike 135800 has a total call value of 1,595,850,000 versus a total put value of 0 Combined total value = 1,595,850,000

Strike 135900 has a total call value of 1,629,850,000 versus a total put value of 0 Combined total value = 1,629,850,000

Strike 136000 has a total call value of 1,663,850,000 versus a total put value of 0 Combined total value = 1,663,850,000

Strike 136100 has a total call value of 1,705,300,000 versus a total put value of 0 Combined total value = 1,705,300,000

Strike 136200 has a total call value of 1,746,750,000 versus a total put value of 0 Combined total value = 1,746,750,000

Strike 136300 has a total call value of 1,788,200,000 versus a total put value of 0 Combined total value = 1,788,200,000

Strike 136400 has a total call value of 1,829,650,000 versus a total put value of 0 Combined total value = 1,829,650,000

Strike 136500 has a total call value of 1,871,100,000 versus a total put value of 0 Combined total value = 1,871,100,000

Max-Pain Table for Stocks

Max-Pain Table Expiry

Note:- click on symbol to see more detailed view

Max Pain Table (Stocks)
Symbol	Symbol Ltp	Max Pain
360ONE	1128.2	1140
ABB	5057.5	5200
ABCAPITAL	357.1	345
ADANIENSOL	960.5	980
ADANIENT	2216.2	2300
ADANIGREEN	993.8	1020
ADANIPORTS	1480.5	1500
ALKEM	5599	5700
AMBER	6451	6500
AMBUJACEM	528.95	550
ANGELONE	2542.6	2600
APLAPOLLO	1736.1	1760
APOLLOHOSP	7096	7300
ASHOKLEY	159.28	157
ASIANPAINT	2928.3	2900
ASTRAL	1433.3	1460
AUBANK	952.55	940
AUROPHARMA	1177.4	1220
AXISBANK	1273.8	1270
BAJAJ-AUTO	9026	9100
BAJAJFINSV	2059.2	2080
BAJFINANCE	1026.4	1030
BANDHANBNK	135.47	150
BANKBARODA	285.2	290
BANKINDIA	138.15	145
BDL	1423.1	1500
BEL	386.4	405
BHARATFORG	1373.6	1400
BHARTIARTL	2086.2	2100
BHEL	269.7	282.5
BIOCON	383.8	395
BLUESTARCO	1723.2	1760
BOSCHLTD	36595	36500
BPCL	357.55	360
BRITANNIA	5847.5	5900
BSE	2798.8	2800
CAMS	753.4	780
CANBK	142.84	149
CDSL	1520.9	1580
CGPOWER	647.15	680
CHOLAFIN	1724.4	1700
CIPLA	1497.6	1520
COALINDIA	377.35	380
COFORGE	1951.3	1860
COLPAL	2146.4	2200
CONCOR	500.15	520
CROMPTON	252.7	270
CUMMINSIND	4467	4450
CYIENT	1141.9	1160
DABUR	504.45	515
DALBHARAT	1993.8	2000
DELHIVERY	398.05	420
DIVISLAB	6328.5	6450
DIXON	13563	14250
DLF	687.45	720
DMART	3867.6	4000
DRREDDY	1266.5	1270
EICHERMOT	7142	7100
ETERNAL	285.25	300
EXIDEIND	373.25	380
FEDERALBNK	257.45	255
FORTIS	860.8	900
GAIL	166.81	175
GLENMARK	1921.9	1940
GMRAIRPORT	98.71	102
GODREJCP	1121.6	1140
GODREJPROP	1975.1	2060
GRASIM	2744.2	2760
HAL	4287.1	4500
HAVELLS	1407.3	1440
HCLTECH	1688.6	1660
HDFCAMC	2551.5	2650
HDFCBANK	1003.1	1000
HDFCLIFE	764.05	770
HEROMOTOCO	6167	6200
HFCL	66.49	70
HINDALCO	819.45	800
HINDPETRO	445.95	455
HINDUNILVR	2314	2340
HINDZINC	490.45	490
HUDCO	212.79	225
ICICIBANK	1389.6	1390
ICICIGI	1961.1	2000
ICICIPRULI	616.25	620
IDEA	10.29	10
IDFCFIRSTB	79.12	80
IEX	141.91	145
IIFL	554.65	560
INDHOTEL	718.1	740
INDIANB	779.1	830
INDIGO	4923.5	5200
INDUSINDBK	841.4	860
INDUSTOWER	403	410
INFY	1610.8	1600
INOXWIND	124.48	135
IOC	162.1	164
IRCTC	661.3	690
IREDA	131.21	140
IRFC	111.36	117
ITC	402.3	405
JINDALSTEL	997.5	1020
JIOFIN	297.2	310
JSWENERGY	453.85	480
JSWSTEEL	1119.1	1150
JUBLFOOD	584.2	600
KALYANKJIL	475.05	490
KAYNES	3807	5000
KEI	4095.2	4050
KFINTECH	1042	1080
KOTAKBANK	2131.6	2120
KPITTECH	1220.5	1240
LAURUSLABS	1004.1	1000
LICHSGFIN	522.8	550
LICI	857.55	890
LODHA	1072	1140
LT	3996.7	4020
LTF	299.3	300
LTIM	6256	6150
LUPIN	2070.7	2060
M&M	3681.7	3700
MANAPPURAM	271.75	280
MANKIND	2185.5	2250
MARICO	729.3	730
MARUTI	16187	16100
MAXHEALTH	1079.4	1120
MAZDOCK	2483.7	2650
MCX	10183	10100
MFSL	1695.3	1700
MOTHERSON	115.3	115
MPHASIS	2896.8	2900
MUTHOOTFIN	3775.7	3700
NATIONALUM	268.35	265
NAUKRI	1372.1	1380
NBCC	107.98	114
NCC	162.89	172.5
NESTLEIND	1214.8	1250
NHPC	76.43	78
NMDC	74.66	76
NTPC	319.5	325
NUVAMA	7127	7200
NYKAA	252.6	260
OBEROIRLTY	1610	1660
OFSS	8026	8200
OIL	403.95	415
ONGC	238.52	244
PAGEIND	37235	38000
PATANJALI	547.85	550
PAYTM	1321	1320
PERSISTENT	6347	6400
PETRONET	270.8	280
PFC	342.45	365
PGEL	529.6	550
PHOENIXLTD	1721.1	1740
PIDILITIND	1456.1	1480
PIIND	3329.7	3450
PNB	116	121
PNBHOUSING	873.15	900
POLICYBZR	1913.9	1880
POLYCAB	7025	7300
POWERGRID	265.2	275
POWERINDIA	19040	20000
PPLPHARMA	174.65	185
PRESTIGE	1610	1660
RBLBANK	300	310
RECLTD	342.6	360
RELIANCE	1543	1540
RVNL	307.15	310
SAIL	129.75	135
SAMMAANCAP	141.43	160
SBICARD	870.1	880
SBILIFE	2020.7	2020
SBIN	956.4	970
SHREECEM	26135	26500
SHRIRAMFIN	834.25	840
SIEMENS	3204.2	3300
SOLARINDS	12436	13250
SONACOMS	486.35	500
SRF	2831.9	2900
SUNPHARMA	1796.2	1800
SUPREMEIND	3348.4	3500
SUZLON	51.78	54
SYNGENE	632.15	640
TATACONSUM	1145.8	1170
TATAELXSI	5034.5	5200
TATAMOTORS	0	320
TATAPOWER	374.15	390
TATASTEEL	163.47	170
TATATECH	650.85	680
TCS	3236.5	3200
TECHM	1591.8	1540
TIINDIA	2566.8	2750
TITAGARH	763.05	820
TITAN	3767	3840
TMPV	348.3	360
TORNTPHARM	3760	3750
TORNTPOWER	1255.1	1300
TRENT	4090.5	4300
TVSMOTOR	3612.7	3550
ULTRACEMCO	11540	11700
UNIONBANK	148.36	152.5
UNITDSPR	1429.4	1440
UNOMINDA	1258.2	1300
UPL	739.85	750
VBL	469.8	470
VEDL	511.25	520
VOLTAS	1322.5	1360
WIPRO	261.38	255
YESBANK	21.9	23
ZYDUSLIFE	924.6	940

Note:

Stock LTP > Max Pain	Bearish Trend
Stock LTP < Max Pain	Bullish Trend

Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

For each strike price: Calculate the difference between the current stock price and the strike price.
Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
Sum the values: Add together the dollar value for put options and call options at each strike price.
Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.

Related Pages for GOLD

GOLD

360ONE

ABB

ABCAPITAL

ADANIENSOL

ADANIENT

ADANIGREEN

ADANIPORTS

ALKEM

AMBER

AMBUJACEM

ANGELONE

APLAPOLLO

APOLLOHOSP

ASHOKLEY

ASIANPAINT

ASTRAL

AUBANK

AUROPHARMA

AXISBANK

BAJAJ-AUTO

BAJAJFINSV

BAJFINANCE

BANDHANBNK

BANKBARODA

BANKEX

BANKINDIA

BANKNIFTY

BDL

BEL

BHARATFORG

BHARTIARTL

BHEL

BIOCON

BLUESTARCO

BOSCHLTD

BPCL

BRITANNIA

BSE

CAMS

CANBK

CDSL

CGPOWER

CHOLAFIN

CIPLA

COALINDIA

COFORGE

COLPAL

CONCOR

COPPER

CROMPTON

CRUDEOIL

CRUDEOILM

CUMMINSIND

CYIENT

DABUR

DALBHARAT

DELHIVERY

DIVISLAB

DIXON

DLF

DMART

DRREDDY

EICHERMOT

ETERNAL

EURINR

EURUSD

EXIDEIND

FEDERALBNK

FINNIFTY

FORTIS

GAIL

GBPINR

GBPUSD

GLENMARK

GMRAIRPORT

GODREJCP

GODREJPROP

GOLD