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

130160 +198.00 (0.15%)

L: 129101 H: 130460

Max Pain - GOLD

09 Dec 2025 11:59 PM IST Market Closed

Expiry

Max Pain for GOLD is 129000

Historical data for GOLD-129000-CE

LTP (129000 CE)

2880 25

Open Interest

191 20

Historical data for GOLD-129000-PE

LTP (129000 PE)

1731.5 -17

Open Interest

192 -47

Strike 100000 has a total call value of 0 versus a total put value of 11,680,690,000 Combined total value = 11,680,690,000

Strike 100100 has a total call value of 0 versus a total put value of 11,629,680,000 Combined total value = 11,629,680,000

Strike 100200 has a total call value of 0 versus a total put value of 11,578,670,000 Combined total value = 11,578,670,000

Strike 100300 has a total call value of 0 versus a total put value of 11,527,660,000 Combined total value = 11,527,660,000

Strike 100400 has a total call value of 0 versus a total put value of 11,476,650,000 Combined total value = 11,476,650,000

Strike 100500 has a total call value of 0 versus a total put value of 11,425,640,000 Combined total value = 11,425,640,000

Strike 100600 has a total call value of 0 versus a total put value of 11,374,630,000 Combined total value = 11,374,630,000

Strike 100700 has a total call value of 0 versus a total put value of 11,323,620,000 Combined total value = 11,323,620,000

Strike 100800 has a total call value of 0 versus a total put value of 11,272,610,000 Combined total value = 11,272,610,000

Strike 100900 has a total call value of 0 versus a total put value of 11,221,600,000 Combined total value = 11,221,600,000

Strike 101000 has a total call value of 0 versus a total put value of 11,170,590,000 Combined total value = 11,170,590,000

Strike 101100 has a total call value of 0 versus a total put value of 11,119,580,000 Combined total value = 11,119,580,000

Strike 101200 has a total call value of 0 versus a total put value of 11,068,570,000 Combined total value = 11,068,570,000

Strike 101300 has a total call value of 0 versus a total put value of 11,017,560,000 Combined total value = 11,017,560,000

Strike 101400 has a total call value of 0 versus a total put value of 10,966,550,000 Combined total value = 10,966,550,000

Strike 101500 has a total call value of 0 versus a total put value of 10,915,540,000 Combined total value = 10,915,540,000

Strike 101600 has a total call value of 0 versus a total put value of 10,864,530,000 Combined total value = 10,864,530,000

Strike 101700 has a total call value of 0 versus a total put value of 10,813,520,000 Combined total value = 10,813,520,000

Strike 101800 has a total call value of 0 versus a total put value of 10,762,510,000 Combined total value = 10,762,510,000

Strike 101900 has a total call value of 0 versus a total put value of 10,711,500,000 Combined total value = 10,711,500,000

Strike 102000 has a total call value of 0 versus a total put value of 10,660,490,000 Combined total value = 10,660,490,000

Strike 102100 has a total call value of 0 versus a total put value of 10,609,480,000 Combined total value = 10,609,480,000

Strike 102200 has a total call value of 0 versus a total put value of 10,558,470,000 Combined total value = 10,558,470,000

Strike 102300 has a total call value of 0 versus a total put value of 10,507,460,000 Combined total value = 10,507,460,000

Strike 102400 has a total call value of 0 versus a total put value of 10,456,450,000 Combined total value = 10,456,450,000

Strike 102500 has a total call value of 0 versus a total put value of 10,405,440,000 Combined total value = 10,405,440,000

Strike 102600 has a total call value of 0 versus a total put value of 10,354,430,000 Combined total value = 10,354,430,000

Strike 102700 has a total call value of 0 versus a total put value of 10,303,420,000 Combined total value = 10,303,420,000

Strike 102800 has a total call value of 0 versus a total put value of 10,252,410,000 Combined total value = 10,252,410,000

Strike 102900 has a total call value of 0 versus a total put value of 10,201,400,000 Combined total value = 10,201,400,000

Strike 103000 has a total call value of 0 versus a total put value of 10,150,390,000 Combined total value = 10,150,390,000

Strike 103100 has a total call value of 0 versus a total put value of 10,099,380,000 Combined total value = 10,099,380,000

Strike 103200 has a total call value of 0 versus a total put value of 10,048,370,000 Combined total value = 10,048,370,000

Strike 103300 has a total call value of 0 versus a total put value of 9,997,360,000 Combined total value = 9,997,360,000

Strike 103400 has a total call value of 0 versus a total put value of 9,946,350,000 Combined total value = 9,946,350,000

Strike 103500 has a total call value of 0 versus a total put value of 9,895,340,000 Combined total value = 9,895,340,000

Strike 103600 has a total call value of 0 versus a total put value of 9,844,330,000 Combined total value = 9,844,330,000

Strike 103700 has a total call value of 0 versus a total put value of 9,793,320,000 Combined total value = 9,793,320,000

Strike 103800 has a total call value of 0 versus a total put value of 9,742,310,000 Combined total value = 9,742,310,000

Strike 103900 has a total call value of 0 versus a total put value of 9,691,300,000 Combined total value = 9,691,300,000

Strike 104000 has a total call value of 0 versus a total put value of 9,640,290,000 Combined total value = 9,640,290,000

Strike 104100 has a total call value of 0 versus a total put value of 9,589,280,000 Combined total value = 9,589,280,000

Strike 104200 has a total call value of 0 versus a total put value of 9,538,270,000 Combined total value = 9,538,270,000

Strike 104300 has a total call value of 0 versus a total put value of 9,487,260,000 Combined total value = 9,487,260,000

Strike 104400 has a total call value of 0 versus a total put value of 9,436,250,000 Combined total value = 9,436,250,000

Strike 104500 has a total call value of 0 versus a total put value of 9,385,240,000 Combined total value = 9,385,240,000

Strike 104600 has a total call value of 0 versus a total put value of 9,334,230,000 Combined total value = 9,334,230,000

Strike 104700 has a total call value of 0 versus a total put value of 9,283,220,000 Combined total value = 9,283,220,000

Strike 104800 has a total call value of 0 versus a total put value of 9,232,210,000 Combined total value = 9,232,210,000

Strike 104900 has a total call value of 0 versus a total put value of 9,181,200,000 Combined total value = 9,181,200,000

Strike 105000 has a total call value of 0 versus a total put value of 9,130,190,000 Combined total value = 9,130,190,000

Strike 105100 has a total call value of 0 versus a total put value of 9,079,180,000 Combined total value = 9,079,180,000

Strike 105200 has a total call value of 0 versus a total put value of 9,028,170,000 Combined total value = 9,028,170,000

Strike 105300 has a total call value of 0 versus a total put value of 8,977,160,000 Combined total value = 8,977,160,000

Strike 105400 has a total call value of 0 versus a total put value of 8,926,150,000 Combined total value = 8,926,150,000

Strike 105500 has a total call value of 0 versus a total put value of 8,875,140,000 Combined total value = 8,875,140,000

Strike 105600 has a total call value of 0 versus a total put value of 8,824,130,000 Combined total value = 8,824,130,000

Strike 105700 has a total call value of 0 versus a total put value of 8,773,120,000 Combined total value = 8,773,120,000

Strike 105800 has a total call value of 0 versus a total put value of 8,722,110,000 Combined total value = 8,722,110,000

Strike 105900 has a total call value of 0 versus a total put value of 8,671,100,000 Combined total value = 8,671,100,000

Strike 106000 has a total call value of 0 versus a total put value of 8,620,090,000 Combined total value = 8,620,090,000

Strike 106100 has a total call value of 0 versus a total put value of 8,569,080,000 Combined total value = 8,569,080,000

Strike 106200 has a total call value of 0 versus a total put value of 8,518,070,000 Combined total value = 8,518,070,000

Strike 106300 has a total call value of 0 versus a total put value of 8,467,060,000 Combined total value = 8,467,060,000

Strike 106400 has a total call value of 0 versus a total put value of 8,416,050,000 Combined total value = 8,416,050,000

Strike 106500 has a total call value of 0 versus a total put value of 8,365,040,000 Combined total value = 8,365,040,000

Strike 106600 has a total call value of 0 versus a total put value of 8,314,030,000 Combined total value = 8,314,030,000

Strike 106700 has a total call value of 0 versus a total put value of 8,263,020,000 Combined total value = 8,263,020,000

Strike 106800 has a total call value of 0 versus a total put value of 8,212,010,000 Combined total value = 8,212,010,000

Strike 106900 has a total call value of 0 versus a total put value of 8,161,000,000 Combined total value = 8,161,000,000

Strike 107000 has a total call value of 0 versus a total put value of 8,109,990,000 Combined total value = 8,109,990,000

Strike 107100 has a total call value of 0 versus a total put value of 8,058,980,000 Combined total value = 8,058,980,000

Strike 107200 has a total call value of 0 versus a total put value of 8,007,970,000 Combined total value = 8,007,970,000

Strike 107300 has a total call value of 0 versus a total put value of 7,956,960,000 Combined total value = 7,956,960,000

Strike 107400 has a total call value of 0 versus a total put value of 7,905,950,000 Combined total value = 7,905,950,000

Strike 107500 has a total call value of 0 versus a total put value of 7,854,940,000 Combined total value = 7,854,940,000

Strike 107600 has a total call value of 0 versus a total put value of 7,803,930,000 Combined total value = 7,803,930,000

Strike 107700 has a total call value of 0 versus a total put value of 7,752,920,000 Combined total value = 7,752,920,000

Strike 107800 has a total call value of 0 versus a total put value of 7,701,910,000 Combined total value = 7,701,910,000

Strike 107900 has a total call value of 0 versus a total put value of 7,650,900,000 Combined total value = 7,650,900,000

Strike 108000 has a total call value of 0 versus a total put value of 7,599,890,000 Combined total value = 7,599,890,000

Strike 108100 has a total call value of 0 versus a total put value of 7,548,880,000 Combined total value = 7,548,880,000

Strike 108200 has a total call value of 0 versus a total put value of 7,497,870,000 Combined total value = 7,497,870,000

Strike 108300 has a total call value of 0 versus a total put value of 7,446,860,000 Combined total value = 7,446,860,000

Strike 108400 has a total call value of 0 versus a total put value of 7,395,850,000 Combined total value = 7,395,850,000

Strike 108500 has a total call value of 0 versus a total put value of 7,344,840,000 Combined total value = 7,344,840,000

Strike 108600 has a total call value of 0 versus a total put value of 7,293,830,000 Combined total value = 7,293,830,000

Strike 108700 has a total call value of 0 versus a total put value of 7,242,820,000 Combined total value = 7,242,820,000

Strike 108800 has a total call value of 0 versus a total put value of 7,191,810,000 Combined total value = 7,191,810,000

Strike 108900 has a total call value of 0 versus a total put value of 7,140,800,000 Combined total value = 7,140,800,000

Strike 109000 has a total call value of 0 versus a total put value of 7,089,790,000 Combined total value = 7,089,790,000

Strike 109100 has a total call value of 0 versus a total put value of 7,038,780,000 Combined total value = 7,038,780,000

Strike 109200 has a total call value of 0 versus a total put value of 6,987,770,000 Combined total value = 6,987,770,000

Strike 109300 has a total call value of 0 versus a total put value of 6,936,760,000 Combined total value = 6,936,760,000

Strike 109400 has a total call value of 0 versus a total put value of 6,885,750,000 Combined total value = 6,885,750,000

Strike 109500 has a total call value of 0 versus a total put value of 6,834,740,000 Combined total value = 6,834,740,000

Strike 109600 has a total call value of 0 versus a total put value of 6,783,730,000 Combined total value = 6,783,730,000

Strike 109700 has a total call value of 0 versus a total put value of 6,732,720,000 Combined total value = 6,732,720,000

Strike 109800 has a total call value of 0 versus a total put value of 6,681,710,000 Combined total value = 6,681,710,000

Strike 109900 has a total call value of 0 versus a total put value of 6,630,700,000 Combined total value = 6,630,700,000

Strike 110000 has a total call value of 0 versus a total put value of 6,579,690,000 Combined total value = 6,579,690,000

Strike 110100 has a total call value of 0 versus a total put value of 6,533,050,000 Combined total value = 6,533,050,000

Strike 110200 has a total call value of 0 versus a total put value of 6,486,410,000 Combined total value = 6,486,410,000

Strike 110300 has a total call value of 0 versus a total put value of 6,439,770,000 Combined total value = 6,439,770,000

Strike 110400 has a total call value of 0 versus a total put value of 6,393,130,000 Combined total value = 6,393,130,000

Strike 110500 has a total call value of 0 versus a total put value of 6,346,490,000 Combined total value = 6,346,490,000

Strike 110600 has a total call value of 0 versus a total put value of 6,299,850,000 Combined total value = 6,299,850,000

Strike 110700 has a total call value of 0 versus a total put value of 6,253,210,000 Combined total value = 6,253,210,000

Strike 110800 has a total call value of 0 versus a total put value of 6,206,570,000 Combined total value = 6,206,570,000

Strike 110900 has a total call value of 0 versus a total put value of 6,159,930,000 Combined total value = 6,159,930,000

Strike 111000 has a total call value of 0 versus a total put value of 6,113,290,000 Combined total value = 6,113,290,000

Strike 111100 has a total call value of 0 versus a total put value of 6,066,650,000 Combined total value = 6,066,650,000

Strike 111200 has a total call value of 0 versus a total put value of 6,020,010,000 Combined total value = 6,020,010,000

Strike 111300 has a total call value of 0 versus a total put value of 5,973,370,000 Combined total value = 5,973,370,000

Strike 111400 has a total call value of 0 versus a total put value of 5,926,730,000 Combined total value = 5,926,730,000

Strike 111500 has a total call value of 0 versus a total put value of 5,880,090,000 Combined total value = 5,880,090,000

Strike 111600 has a total call value of 0 versus a total put value of 5,833,450,000 Combined total value = 5,833,450,000

Strike 111700 has a total call value of 0 versus a total put value of 5,786,810,000 Combined total value = 5,786,810,000

Strike 111800 has a total call value of 0 versus a total put value of 5,740,170,000 Combined total value = 5,740,170,000

Strike 111900 has a total call value of 0 versus a total put value of 5,693,530,000 Combined total value = 5,693,530,000

Strike 112000 has a total call value of 0 versus a total put value of 5,646,890,000 Combined total value = 5,646,890,000

Strike 112100 has a total call value of 0 versus a total put value of 5,600,250,000 Combined total value = 5,600,250,000

Strike 112200 has a total call value of 0 versus a total put value of 5,553,610,000 Combined total value = 5,553,610,000

Strike 112300 has a total call value of 0 versus a total put value of 5,506,970,000 Combined total value = 5,506,970,000

Strike 112400 has a total call value of 0 versus a total put value of 5,460,330,000 Combined total value = 5,460,330,000

Strike 112500 has a total call value of 0 versus a total put value of 5,413,690,000 Combined total value = 5,413,690,000

Strike 112600 has a total call value of 0 versus a total put value of 5,367,050,000 Combined total value = 5,367,050,000

Strike 112700 has a total call value of 0 versus a total put value of 5,320,410,000 Combined total value = 5,320,410,000

Strike 112800 has a total call value of 0 versus a total put value of 5,273,770,000 Combined total value = 5,273,770,000

Strike 112900 has a total call value of 0 versus a total put value of 5,227,130,000 Combined total value = 5,227,130,000

Strike 113000 has a total call value of 0 versus a total put value of 5,180,490,000 Combined total value = 5,180,490,000

Strike 113100 has a total call value of 0 versus a total put value of 5,133,850,000 Combined total value = 5,133,850,000

Strike 113200 has a total call value of 0 versus a total put value of 5,087,210,000 Combined total value = 5,087,210,000

Strike 113300 has a total call value of 0 versus a total put value of 5,040,570,000 Combined total value = 5,040,570,000

Strike 113400 has a total call value of 0 versus a total put value of 4,993,930,000 Combined total value = 4,993,930,000

Strike 113500 has a total call value of 0 versus a total put value of 4,947,290,000 Combined total value = 4,947,290,000

Strike 113600 has a total call value of 0 versus a total put value of 4,900,650,000 Combined total value = 4,900,650,000

Strike 113700 has a total call value of 0 versus a total put value of 4,854,010,000 Combined total value = 4,854,010,000

Strike 113800 has a total call value of 0 versus a total put value of 4,807,370,000 Combined total value = 4,807,370,000

Strike 113900 has a total call value of 0 versus a total put value of 4,760,730,000 Combined total value = 4,760,730,000

Strike 114000 has a total call value of 0 versus a total put value of 4,714,090,000 Combined total value = 4,714,090,000

Strike 114100 has a total call value of 0 versus a total put value of 4,667,450,000 Combined total value = 4,667,450,000

Strike 114200 has a total call value of 0 versus a total put value of 4,620,810,000 Combined total value = 4,620,810,000

Strike 114300 has a total call value of 0 versus a total put value of 4,574,170,000 Combined total value = 4,574,170,000

Strike 114400 has a total call value of 0 versus a total put value of 4,527,530,000 Combined total value = 4,527,530,000

Strike 114500 has a total call value of 0 versus a total put value of 4,480,890,000 Combined total value = 4,480,890,000

Strike 114600 has a total call value of 0 versus a total put value of 4,434,250,000 Combined total value = 4,434,250,000

Strike 114700 has a total call value of 0 versus a total put value of 4,387,610,000 Combined total value = 4,387,610,000

Strike 114800 has a total call value of 0 versus a total put value of 4,340,970,000 Combined total value = 4,340,970,000

Strike 114900 has a total call value of 0 versus a total put value of 4,294,330,000 Combined total value = 4,294,330,000

Strike 115000 has a total call value of 0 versus a total put value of 4,247,690,000 Combined total value = 4,247,690,000

Strike 115100 has a total call value of 0 versus a total put value of 4,203,700,000 Combined total value = 4,203,700,000

Strike 115200 has a total call value of 0 versus a total put value of 4,159,710,000 Combined total value = 4,159,710,000

Strike 115300 has a total call value of 0 versus a total put value of 4,115,720,000 Combined total value = 4,115,720,000

Strike 115400 has a total call value of 0 versus a total put value of 4,071,730,000 Combined total value = 4,071,730,000

Strike 115500 has a total call value of 0 versus a total put value of 4,027,740,000 Combined total value = 4,027,740,000

Strike 115600 has a total call value of 0 versus a total put value of 3,983,750,000 Combined total value = 3,983,750,000

Strike 115700 has a total call value of 0 versus a total put value of 3,939,760,000 Combined total value = 3,939,760,000

Strike 115800 has a total call value of 0 versus a total put value of 3,895,770,000 Combined total value = 3,895,770,000

Strike 115900 has a total call value of 0 versus a total put value of 3,851,780,000 Combined total value = 3,851,780,000

Strike 116000 has a total call value of 0 versus a total put value of 3,807,790,000 Combined total value = 3,807,790,000

Strike 116100 has a total call value of 0 versus a total put value of 3,763,800,000 Combined total value = 3,763,800,000

Strike 116200 has a total call value of 0 versus a total put value of 3,719,810,000 Combined total value = 3,719,810,000

Strike 116300 has a total call value of 0 versus a total put value of 3,675,820,000 Combined total value = 3,675,820,000

Strike 116400 has a total call value of 0 versus a total put value of 3,631,830,000 Combined total value = 3,631,830,000

Strike 116500 has a total call value of 0 versus a total put value of 3,587,840,000 Combined total value = 3,587,840,000

Strike 116600 has a total call value of 0 versus a total put value of 3,543,850,000 Combined total value = 3,543,850,000

Strike 116700 has a total call value of 0 versus a total put value of 3,499,860,000 Combined total value = 3,499,860,000

Strike 116800 has a total call value of 0 versus a total put value of 3,455,870,000 Combined total value = 3,455,870,000

Strike 116900 has a total call value of 0 versus a total put value of 3,411,880,000 Combined total value = 3,411,880,000

Strike 117000 has a total call value of 0 versus a total put value of 3,367,890,000 Combined total value = 3,367,890,000

Strike 117100 has a total call value of 0 versus a total put value of 3,323,910,000 Combined total value = 3,323,910,000

Strike 117200 has a total call value of 0 versus a total put value of 3,279,930,000 Combined total value = 3,279,930,000

Strike 117300 has a total call value of 0 versus a total put value of 3,235,950,000 Combined total value = 3,235,950,000

Strike 117400 has a total call value of 0 versus a total put value of 3,191,970,000 Combined total value = 3,191,970,000

Strike 117500 has a total call value of 0 versus a total put value of 3,147,990,000 Combined total value = 3,147,990,000

Strike 117600 has a total call value of 0 versus a total put value of 3,104,010,000 Combined total value = 3,104,010,000

Strike 117700 has a total call value of 0 versus a total put value of 3,060,030,000 Combined total value = 3,060,030,000

Strike 117800 has a total call value of 0 versus a total put value of 3,016,050,000 Combined total value = 3,016,050,000

Strike 117900 has a total call value of 0 versus a total put value of 2,972,070,000 Combined total value = 2,972,070,000

Strike 118000 has a total call value of 0 versus a total put value of 2,928,090,000 Combined total value = 2,928,090,000

Strike 118100 has a total call value of 0 versus a total put value of 2,884,310,000 Combined total value = 2,884,310,000

Strike 118200 has a total call value of 0 versus a total put value of 2,840,530,000 Combined total value = 2,840,530,000

Strike 118300 has a total call value of 0 versus a total put value of 2,796,750,000 Combined total value = 2,796,750,000

Strike 118400 has a total call value of 0 versus a total put value of 2,752,970,000 Combined total value = 2,752,970,000

Strike 118500 has a total call value of 0 versus a total put value of 2,709,190,000 Combined total value = 2,709,190,000

Strike 118600 has a total call value of 0 versus a total put value of 2,665,410,000 Combined total value = 2,665,410,000

Strike 118700 has a total call value of 0 versus a total put value of 2,621,630,000 Combined total value = 2,621,630,000

Strike 118800 has a total call value of 0 versus a total put value of 2,577,850,000 Combined total value = 2,577,850,000

Strike 118900 has a total call value of 0 versus a total put value of 2,534,070,000 Combined total value = 2,534,070,000

Strike 119000 has a total call value of 0 versus a total put value of 2,490,290,000 Combined total value = 2,490,290,000

Strike 119100 has a total call value of 0 versus a total put value of 2,446,510,000 Combined total value = 2,446,510,000

Strike 119200 has a total call value of 0 versus a total put value of 2,402,730,000 Combined total value = 2,402,730,000

Strike 119300 has a total call value of 0 versus a total put value of 2,358,950,000 Combined total value = 2,358,950,000

Strike 119400 has a total call value of 0 versus a total put value of 2,315,170,000 Combined total value = 2,315,170,000

Strike 119500 has a total call value of 0 versus a total put value of 2,271,390,000 Combined total value = 2,271,390,000

Strike 119600 has a total call value of 0 versus a total put value of 2,227,610,000 Combined total value = 2,227,610,000

Strike 119700 has a total call value of 0 versus a total put value of 2,183,830,000 Combined total value = 2,183,830,000

Strike 119800 has a total call value of 0 versus a total put value of 2,140,050,000 Combined total value = 2,140,050,000

Strike 119900 has a total call value of 0 versus a total put value of 2,096,270,000 Combined total value = 2,096,270,000

Strike 120000 has a total call value of 0 versus a total put value of 2,052,500,000 Combined total value = 2,052,500,000

Strike 120100 has a total call value of 0 versus a total put value of 2,016,350,000 Combined total value = 2,016,350,000

Strike 120200 has a total call value of 0 versus a total put value of 1,980,200,000 Combined total value = 1,980,200,000

Strike 120300 has a total call value of 0 versus a total put value of 1,944,050,000 Combined total value = 1,944,050,000

Strike 120400 has a total call value of 0 versus a total put value of 1,907,900,000 Combined total value = 1,907,900,000

Strike 120500 has a total call value of 0 versus a total put value of 1,871,750,000 Combined total value = 1,871,750,000

Strike 120600 has a total call value of 0 versus a total put value of 1,835,600,000 Combined total value = 1,835,600,000

Strike 120700 has a total call value of 0 versus a total put value of 1,799,450,000 Combined total value = 1,799,450,000

Strike 120800 has a total call value of 0 versus a total put value of 1,763,300,000 Combined total value = 1,763,300,000

Strike 120900 has a total call value of 0 versus a total put value of 1,727,150,000 Combined total value = 1,727,150,000

Strike 121000 has a total call value of 0 versus a total put value of 1,691,000,000 Combined total value = 1,691,000,000

Strike 121100 has a total call value of 0 versus a total put value of 1,657,190,000 Combined total value = 1,657,190,000

Strike 121200 has a total call value of 0 versus a total put value of 1,623,380,000 Combined total value = 1,623,380,000

Strike 121300 has a total call value of 0 versus a total put value of 1,589,570,000 Combined total value = 1,589,570,000

Strike 121400 has a total call value of 0 versus a total put value of 1,555,760,000 Combined total value = 1,555,760,000

Strike 121500 has a total call value of 0 versus a total put value of 1,521,950,000 Combined total value = 1,521,950,000

Strike 121600 has a total call value of 0 versus a total put value of 1,488,140,000 Combined total value = 1,488,140,000

Strike 121700 has a total call value of 0 versus a total put value of 1,454,330,000 Combined total value = 1,454,330,000

Strike 121800 has a total call value of 0 versus a total put value of 1,420,520,000 Combined total value = 1,420,520,000

Strike 121900 has a total call value of 0 versus a total put value of 1,386,710,000 Combined total value = 1,386,710,000

Strike 122000 has a total call value of 0 versus a total put value of 1,352,900,000 Combined total value = 1,352,900,000

Strike 122100 has a total call value of 0 versus a total put value of 1,322,360,000 Combined total value = 1,322,360,000

Strike 122200 has a total call value of 0 versus a total put value of 1,291,820,000 Combined total value = 1,291,820,000

Strike 122300 has a total call value of 0 versus a total put value of 1,261,280,000 Combined total value = 1,261,280,000

Strike 122400 has a total call value of 0 versus a total put value of 1,230,740,000 Combined total value = 1,230,740,000

Strike 122500 has a total call value of 0 versus a total put value of 1,200,200,000 Combined total value = 1,200,200,000

Strike 122600 has a total call value of 0 versus a total put value of 1,169,720,000 Combined total value = 1,169,720,000

Strike 122700 has a total call value of 0 versus a total put value of 1,139,240,000 Combined total value = 1,139,240,000

Strike 122800 has a total call value of 0 versus a total put value of 1,108,760,000 Combined total value = 1,108,760,000

Strike 122900 has a total call value of 0 versus a total put value of 1,078,280,000 Combined total value = 1,078,280,000

Strike 123000 has a total call value of 0 versus a total put value of 1,047,800,000 Combined total value = 1,047,800,000

Strike 123100 has a total call value of 0 versus a total put value of 1,021,550,000 Combined total value = 1,021,550,000

Strike 123200 has a total call value of 0 versus a total put value of 995,300,000 Combined total value = 995,300,000

Strike 123300 has a total call value of 0 versus a total put value of 969,050,000 Combined total value = 969,050,000

Strike 123400 has a total call value of 0 versus a total put value of 942,800,000 Combined total value = 942,800,000

Strike 123500 has a total call value of 0 versus a total put value of 916,550,000 Combined total value = 916,550,000

Strike 123600 has a total call value of 0 versus a total put value of 890,300,000 Combined total value = 890,300,000

Strike 123700 has a total call value of 0 versus a total put value of 864,050,000 Combined total value = 864,050,000

Strike 123800 has a total call value of 0 versus a total put value of 837,800,000 Combined total value = 837,800,000

Strike 123900 has a total call value of 0 versus a total put value of 811,550,000 Combined total value = 811,550,000

Strike 124000 has a total call value of 0 versus a total put value of 785,300,000 Combined total value = 785,300,000

Strike 124100 has a total call value of 0 versus a total put value of 762,300,000 Combined total value = 762,300,000

Strike 124200 has a total call value of 0 versus a total put value of 739,300,000 Combined total value = 739,300,000

Strike 124300 has a total call value of 0 versus a total put value of 716,300,000 Combined total value = 716,300,000

Strike 124400 has a total call value of 0 versus a total put value of 693,300,000 Combined total value = 693,300,000

Strike 124500 has a total call value of 0 versus a total put value of 670,300,000 Combined total value = 670,300,000

Strike 124600 has a total call value of 0 versus a total put value of 647,430,000 Combined total value = 647,430,000

Strike 124700 has a total call value of 0 versus a total put value of 624,560,000 Combined total value = 624,560,000

Strike 124800 has a total call value of 0 versus a total put value of 601,690,000 Combined total value = 601,690,000

Strike 124900 has a total call value of 0 versus a total put value of 578,820,000 Combined total value = 578,820,000

Strike 125000 has a total call value of 0 versus a total put value of 555,950,000 Combined total value = 555,950,000

Strike 125100 has a total call value of 1,480,000 versus a total put value of 539,460,000 Combined total value = 540,940,000

Strike 125200 has a total call value of 2,960,000 versus a total put value of 522,970,000 Combined total value = 525,930,000

Strike 125300 has a total call value of 4,440,000 versus a total put value of 506,480,000 Combined total value = 510,920,000

Strike 125400 has a total call value of 5,920,000 versus a total put value of 489,990,000 Combined total value = 495,910,000

Strike 125500 has a total call value of 7,400,000 versus a total put value of 473,500,000 Combined total value = 480,900,000

Strike 125600 has a total call value of 8,880,000 versus a total put value of 457,040,000 Combined total value = 465,920,000

Strike 125700 has a total call value of 10,360,000 versus a total put value of 440,580,000 Combined total value = 450,940,000

Strike 125800 has a total call value of 11,840,000 versus a total put value of 424,120,000 Combined total value = 435,960,000

Strike 125900 has a total call value of 13,320,000 versus a total put value of 407,660,000 Combined total value = 420,980,000

Strike 126000 has a total call value of 14,800,000 versus a total put value of 391,200,000 Combined total value = 406,000,000

Strike 126100 has a total call value of 17,380,000 versus a total put value of 378,710,000 Combined total value = 396,090,000

Strike 126200 has a total call value of 19,960,000 versus a total put value of 366,220,000 Combined total value = 386,180,000

Strike 126300 has a total call value of 22,540,000 versus a total put value of 353,730,000 Combined total value = 376,270,000

Strike 126400 has a total call value of 25,120,000 versus a total put value of 341,240,000 Combined total value = 366,360,000

Strike 126500 has a total call value of 27,700,000 versus a total put value of 328,750,000 Combined total value = 356,450,000

Strike 126600 has a total call value of 30,280,000 versus a total put value of 316,290,000 Combined total value = 346,570,000

Strike 126700 has a total call value of 32,860,000 versus a total put value of 303,830,000 Combined total value = 336,690,000

Strike 126800 has a total call value of 35,440,000 versus a total put value of 291,370,000 Combined total value = 326,810,000

Strike 126900 has a total call value of 38,020,000 versus a total put value of 278,910,000 Combined total value = 316,930,000

Strike 127000 has a total call value of 40,600,000 versus a total put value of 266,450,000 Combined total value = 307,050,000

Strike 127100 has a total call value of 44,650,000 versus a total put value of 256,800,000 Combined total value = 301,450,000

Strike 127200 has a total call value of 48,700,000 versus a total put value of 247,150,000 Combined total value = 295,850,000

Strike 127300 has a total call value of 52,750,000 versus a total put value of 237,500,000 Combined total value = 290,250,000

Strike 127400 has a total call value of 56,800,000 versus a total put value of 227,850,000 Combined total value = 284,650,000

Strike 127500 has a total call value of 60,850,000 versus a total put value of 218,200,000 Combined total value = 279,050,000

Strike 127600 has a total call value of 64,900,000 versus a total put value of 208,550,000 Combined total value = 273,450,000

Strike 127700 has a total call value of 68,950,000 versus a total put value of 198,900,000 Combined total value = 267,850,000

Strike 127800 has a total call value of 73,000,000 versus a total put value of 189,250,000 Combined total value = 262,250,000

Strike 127900 has a total call value of 77,050,000 versus a total put value of 179,600,000 Combined total value = 256,650,000

Strike 128000 has a total call value of 81,100,000 versus a total put value of 169,950,000 Combined total value = 251,050,000

Strike 128100 has a total call value of 87,970,000 versus a total put value of 162,800,000 Combined total value = 250,770,000

Strike 128200 has a total call value of 94,840,000 versus a total put value of 155,650,000 Combined total value = 250,490,000

Strike 128300 has a total call value of 101,710,000 versus a total put value of 148,500,000 Combined total value = 250,210,000

Strike 128400 has a total call value of 108,580,000 versus a total put value of 141,350,000 Combined total value = 249,930,000

Strike 128500 has a total call value of 115,450,000 versus a total put value of 134,200,000 Combined total value = 249,650,000

Strike 128600 has a total call value of 122,320,000 versus a total put value of 127,140,000 Combined total value = 249,460,000

Strike 128700 has a total call value of 129,190,000 versus a total put value of 120,080,000 Combined total value = 249,270,000

Strike 128800 has a total call value of 136,060,000 versus a total put value of 113,020,000 Combined total value = 249,080,000

Strike 128900 has a total call value of 142,930,000 versus a total put value of 105,960,000 Combined total value = 248,890,000

Strike 129000 has a total call value of 149,800,000 versus a total put value of 98,900,000 Combined total value = 248,700,000

Strike 129100 has a total call value of 158,580,000 versus a total put value of 93,760,000 Combined total value = 252,340,000

Strike 129200 has a total call value of 167,360,000 versus a total put value of 88,620,000 Combined total value = 255,980,000

Strike 129300 has a total call value of 176,140,000 versus a total put value of 83,480,000 Combined total value = 259,620,000

Strike 129400 has a total call value of 184,920,000 versus a total put value of 78,340,000 Combined total value = 263,260,000

Strike 129500 has a total call value of 193,700,000 versus a total put value of 73,200,000 Combined total value = 266,900,000

Strike 129600 has a total call value of 202,590,000 versus a total put value of 68,200,000 Combined total value = 270,790,000

Strike 129700 has a total call value of 211,480,000 versus a total put value of 63,200,000 Combined total value = 274,680,000

Strike 129800 has a total call value of 220,370,000 versus a total put value of 58,200,000 Combined total value = 278,570,000

Strike 129900 has a total call value of 229,260,000 versus a total put value of 53,200,000 Combined total value = 282,460,000

Strike 130000 has a total call value of 238,170,000 versus a total put value of 48,200,000 Combined total value = 286,370,000

Strike 130100 has a total call value of 254,340,000 versus a total put value of 46,110,000 Combined total value = 300,450,000

Strike 130200 has a total call value of 270,510,000 versus a total put value of 44,020,000 Combined total value = 314,530,000

Strike 130300 has a total call value of 286,680,000 versus a total put value of 41,930,000 Combined total value = 328,610,000

Strike 130400 has a total call value of 302,850,000 versus a total put value of 39,840,000 Combined total value = 342,690,000

Strike 130500 has a total call value of 319,020,000 versus a total put value of 37,750,000 Combined total value = 356,770,000

Strike 130600 has a total call value of 335,320,000 versus a total put value of 35,720,000 Combined total value = 371,040,000

Strike 130700 has a total call value of 351,620,000 versus a total put value of 33,690,000 Combined total value = 385,310,000

Strike 130800 has a total call value of 367,920,000 versus a total put value of 31,660,000 Combined total value = 399,580,000

Strike 130900 has a total call value of 384,220,000 versus a total put value of 29,630,000 Combined total value = 413,850,000

Strike 131000 has a total call value of 400,520,000 versus a total put value of 27,600,000 Combined total value = 428,120,000

Strike 131100 has a total call value of 420,750,000 versus a total put value of 26,340,000 Combined total value = 447,090,000

Strike 131200 has a total call value of 440,980,000 versus a total put value of 25,080,000 Combined total value = 466,060,000

Strike 131300 has a total call value of 461,210,000 versus a total put value of 23,820,000 Combined total value = 485,030,000

Strike 131400 has a total call value of 481,440,000 versus a total put value of 22,560,000 Combined total value = 504,000,000

Strike 131500 has a total call value of 501,670,000 versus a total put value of 21,300,000 Combined total value = 522,970,000

Strike 131600 has a total call value of 522,020,000 versus a total put value of 20,040,000 Combined total value = 542,060,000

Strike 131700 has a total call value of 542,370,000 versus a total put value of 18,780,000 Combined total value = 561,150,000

Strike 131800 has a total call value of 562,720,000 versus a total put value of 17,520,000 Combined total value = 580,240,000

Strike 131900 has a total call value of 583,070,000 versus a total put value of 16,260,000 Combined total value = 599,330,000

Strike 132000 has a total call value of 603,420,000 versus a total put value of 15,000,000 Combined total value = 618,420,000

Strike 132100 has a total call value of 627,570,000 versus a total put value of 14,310,000 Combined total value = 641,880,000

Strike 132200 has a total call value of 651,720,000 versus a total put value of 13,620,000 Combined total value = 665,340,000

Strike 132300 has a total call value of 675,870,000 versus a total put value of 12,930,000 Combined total value = 688,800,000

Strike 132400 has a total call value of 700,020,000 versus a total put value of 12,240,000 Combined total value = 712,260,000

Strike 132500 has a total call value of 724,170,000 versus a total put value of 11,550,000 Combined total value = 735,720,000

Strike 132600 has a total call value of 748,320,000 versus a total put value of 10,860,000 Combined total value = 759,180,000

Strike 132700 has a total call value of 772,470,000 versus a total put value of 10,170,000 Combined total value = 782,640,000

Strike 132800 has a total call value of 796,620,000 versus a total put value of 9,480,000 Combined total value = 806,100,000

Strike 132900 has a total call value of 820,770,000 versus a total put value of 8,790,000 Combined total value = 829,560,000

Strike 133000 has a total call value of 844,920,000 versus a total put value of 8,100,000 Combined total value = 853,020,000

Strike 133100 has a total call value of 871,830,000 versus a total put value of 7,660,000 Combined total value = 879,490,000

Strike 133200 has a total call value of 898,740,000 versus a total put value of 7,220,000 Combined total value = 905,960,000

Strike 133300 has a total call value of 925,650,000 versus a total put value of 6,780,000 Combined total value = 932,430,000

Strike 133400 has a total call value of 952,560,000 versus a total put value of 6,340,000 Combined total value = 958,900,000

Strike 133500 has a total call value of 979,470,000 versus a total put value of 5,900,000 Combined total value = 985,370,000

Strike 133600 has a total call value of 1,006,380,000 versus a total put value of 5,460,000 Combined total value = 1,011,840,000

Strike 133700 has a total call value of 1,033,290,000 versus a total put value of 5,020,000 Combined total value = 1,038,310,000

Strike 133800 has a total call value of 1,060,200,000 versus a total put value of 4,580,000 Combined total value = 1,064,780,000

Strike 133900 has a total call value of 1,087,110,000 versus a total put value of 4,140,000 Combined total value = 1,091,250,000

Strike 134000 has a total call value of 1,114,020,000 versus a total put value of 3,700,000 Combined total value = 1,117,720,000

Strike 134100 has a total call value of 1,142,950,000 versus a total put value of 3,330,000 Combined total value = 1,146,280,000

Strike 134200 has a total call value of 1,171,880,000 versus a total put value of 2,960,000 Combined total value = 1,174,840,000

Strike 134300 has a total call value of 1,200,810,000 versus a total put value of 2,590,000 Combined total value = 1,203,400,000

Strike 134400 has a total call value of 1,229,740,000 versus a total put value of 2,220,000 Combined total value = 1,231,960,000

Strike 134500 has a total call value of 1,258,670,000 versus a total put value of 1,850,000 Combined total value = 1,260,520,000

Strike 134600 has a total call value of 1,287,620,000 versus a total put value of 1,480,000 Combined total value = 1,289,100,000

Strike 134700 has a total call value of 1,316,570,000 versus a total put value of 1,110,000 Combined total value = 1,317,680,000

Strike 134800 has a total call value of 1,345,520,000 versus a total put value of 740,000 Combined total value = 1,346,260,000

Strike 134900 has a total call value of 1,374,470,000 versus a total put value of 370,000 Combined total value = 1,374,840,000

Strike 135000 has a total call value of 1,403,420,000 versus a total put value of 0 Combined total value = 1,403,420,000

Strike 135100 has a total call value of 1,442,270,000 versus a total put value of 0 Combined total value = 1,442,270,000

Strike 135200 has a total call value of 1,481,120,000 versus a total put value of 0 Combined total value = 1,481,120,000

Strike 135300 has a total call value of 1,519,970,000 versus a total put value of 0 Combined total value = 1,519,970,000

Strike 135400 has a total call value of 1,558,820,000 versus a total put value of 0 Combined total value = 1,558,820,000

Strike 135500 has a total call value of 1,597,670,000 versus a total put value of 0 Combined total value = 1,597,670,000

Strike 135600 has a total call value of 1,636,610,000 versus a total put value of 0 Combined total value = 1,636,610,000

Strike 135700 has a total call value of 1,675,550,000 versus a total put value of 0 Combined total value = 1,675,550,000

Strike 135800 has a total call value of 1,714,490,000 versus a total put value of 0 Combined total value = 1,714,490,000

Strike 135900 has a total call value of 1,753,430,000 versus a total put value of 0 Combined total value = 1,753,430,000

Strike 136000 has a total call value of 1,792,370,000 versus a total put value of 0 Combined total value = 1,792,370,000

Strike 136100 has a total call value of 1,838,710,000 versus a total put value of 0 Combined total value = 1,838,710,000

Strike 136200 has a total call value of 1,885,050,000 versus a total put value of 0 Combined total value = 1,885,050,000

Strike 136300 has a total call value of 1,931,390,000 versus a total put value of 0 Combined total value = 1,931,390,000

Strike 136400 has a total call value of 1,977,730,000 versus a total put value of 0 Combined total value = 1,977,730,000

Strike 136500 has a total call value of 2,024,070,000 versus a total put value of 0 Combined total value = 2,024,070,000

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	1117.9	1140
ABB	5117	5150
ABCAPITAL	364.05	350
ADANIENSOL	974.6	970
ADANIENT	2245.2	2300
ADANIGREEN	998.9	1020
ADANIPORTS	1497.2	1500
ALKEM	5667.5	5700
AMBER	6682.5	6500
AMBUJACEM	533.05	550
ANGELONE	2533.5	2600
APLAPOLLO	1740.8	1740
APOLLOHOSP	7091	7300
ASHOKLEY	159.58	156
ASIANPAINT	2796	2840
ASTRAL	1428.4	1460
AUBANK	972.05	950
AUROPHARMA	1163.6	1220
AXISBANK	1275.9	1270
BAJAJ-AUTO	8961	9100
BAJAJFINSV	2069.5	2080
BAJFINANCE	1016.7	1020
BANDHANBNK	141	150
BANKBARODA	289.85	290
BANKINDIA	141.64	145
BDL	1427.4	1480
BEL	389.45	405
BHARATFORG	1383.3	1400
BHARTIARTL	2089.7	2100
BHEL	277	280
BIOCON	383.65	395
BLUESTARCO	1738.6	1760
BOSCHLTD	36780	36500
BPCL	355.05	362.5
BRITANNIA	5884	5850
BSE	2715.8	2800
CAMS	749.5	780
CANBK	146.19	147
CDSL	1517.2	1580
CGPOWER	667.8	680
CHOLAFIN	1731.2	1700
CIPLA	1490.6	1520
COALINDIA	379.35	380
COFORGE	1873.5	1860
COLPAL	2158.9	2180
CONCOR	505.65	520
CROMPTON	253.15	265
CUMMINSIND	4479.1	4450
CYIENT	1131.6	1160
DABUR	503.6	510
DALBHARAT	1968	2000
DELHIVERY	415.3	420
DIVISLAB	6294	6400
DIXON	13517	14000
DLF	690.05	720
DMART	3910	4000
DRREDDY	1246.2	1260
EICHERMOT	7123	7100
ETERNAL	291.7	300
EXIDEIND	373.4	380
FEDERALBNK	260.85	255
FORTIS	863.85	900
GAIL	167.89	175
GLENMARK	1938.5	1940
GMRAIRPORT	100.41	102
GODREJCP	1128.8	1140
GODREJPROP	2043	2080
GRASIM	2746	2760
HAL	4303	4500
HAVELLS	1419.8	1440
HCLTECH	1657.6	1660
HDFCAMC	2558.9	2640
HDFCBANK	997.1	1000
HDFCLIFE	762.9	770
HEROMOTOCO	6001	6100
HFCL	67.21	70
HINDALCO	812.9	800
HINDPETRO	448.75	455
HINDUNILVR	2306.5	2340
HINDZINC	491.45	490
HUDCO	213.48	225
ICICIBANK	1375.2	1380
ICICIGI	1945.3	2000
ICICIPRULI	623.6	620
IDEA	10.74	10
IDFCFIRSTB	80.91	80
IEX	141.19	145
IIFL	567.25	560
INDHOTEL	727.75	730
INDIANB	793.9	820
INDIGO	4967.5	5050
INDUSINDBK	844.35	860
INDUSTOWER	403.05	405
INFY	1599	1600
INOXWIND	124.32	135
IOC	163.01	163
IRCTC	669.95	685
IREDA	134.46	140
IRFC	113.64	117
ITC	401.05	405
JINDALSTEL	1002.8	1020
JIOFIN	293.2	305
JSWENERGY	451.2	480
JSWSTEEL	1107.8	1140
JUBLFOOD	583.5	600
KALYANKJIL	473.35	480
KAYNES	4331	5000
KEI	4073	4050
KFINTECH	1039.6	1080
KOTAKBANK	2127.7	2120
KPITTECH	1206.1	1220
LAURUSLABS	1021.4	1000
LICHSGFIN	533.2	550
LICI	860.95	890
LODHA	1076	1140
LT	3997.5	4000
LTF	307.3	302.5
LTIM	6245.5	6200
LUPIN	2051.8	2060
M&M	3635.9	3700
MANAPPURAM	275.2	280
MANKIND	2180.4	2250
MARICO	730.5	730
MARUTI	16020	16100
MAXHEALTH	1074.7	1120
MAZDOCK	2489.1	2600
MCX	10358	10100
MFSL	1690.9	1700
MOTHERSON	116.75	115
MPHASIS	2878.8	2900
MUTHOOTFIN	3742.1	3700
NATIONALUM	265.65	265
NAUKRI	1376.3	1380
NBCC	108.1	112
NCC	162.68	170
NESTLEIND	1215.8	1240
NHPC	76.47	78
NMDC	74.83	76
NTPC	319.85	325
NUVAMA	7074	7200
NYKAA	252.95	257.5
OBEROIRLTY	1628	1640
OFSS	8062	8200
OIL	401.9	415
ONGC	239.84	240
PAGEIND	37195	38000
PATANJALI	539	550
PAYTM	1316.7	1300
PERSISTENT	6302	6300
PETRONET	269.25	280
PFC	342.5	360
PGEL	556.45	560
PHOENIXLTD	1739.2	1720
PIDILITIND	1459.8	1480
PIIND	3343	3400
PNB	117.83	120
PNBHOUSING	882.6	900
POLICYBZR	1957.3	1900
POLYCAB	7194	7300
POWERGRID	264.55	272.5
POWERINDIA	19500	19500
PPLPHARMA	173.34	182.5
PRESTIGE	1632.9	1660
RBLBANK	304.1	310
RECLTD	342.85	360
RELIANCE	1529.4	1540
RVNL	312.7	315
SAIL	129.15	134
SAMMAANCAP	141.59	160
SBICARD	865.35	880
SBILIFE	2006.2	2020
SBIN	959.35	965
SHREECEM	26100	26500
SHRIRAMFIN	846.7	840
SIEMENS	3142.8	3300
SOLARINDS	12588	13000
SONACOMS	479.15	500
SRF	2894.8	2900
SUNPHARMA	1776	1800
SUPREMEIND	3329.6	3400
SUZLON	52.55	54
SYNGENE	627.15	640
TATACONSUM	1146.7	1160
TATAELXSI	4979.5	5200
TATAMOTORS	0	320
TATAPOWER	376.25	390
TATASTEEL	160.67	170
TATATECH	652.1	680
TCS	3208.3	3200
TECHM	1561.6	1540
TIINDIA	2655.4	2750
TITAGARH	773.85	800
TITAN	3849	3840
TMPV	344.7	360
TORNTPHARM	3763.9	3750
TORNTPOWER	1259	1300
TRENT	4085.4	4300
TVSMOTOR	3614.5	3550
ULTRACEMCO	11414	11700
UNIONBANK	150.43	152.5
UNITDSPR	1435.4	1440
UNOMINDA	1231.7	1300
UPL	739.7	750
VBL	471.55	470
VEDL	516.15	520
VOLTAS	1335.9	1360
WIPRO	257.41	255
YESBANK	22.02	23
ZYDUSLIFE	920.25	930

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.

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