GOLD

Gold

128350 +1050.00 (0.82%)

L: 127581 H: 128350

Max Pain - GOLD

05 Dec 2025 03:49 PM IST

Live

Expiry

Max Pain for GOLD is 129000

Historical data for GOLD-129000-CE

LTP (129000 CE)

3497.5 337.5

Open Interest

146 4

Historical data for GOLD-129000-PE

LTP (129000 PE)

1792 -315.5

Open Interest

227 -44

Strike 100000 has a total call value of 0 versus a total put value of 12,095,100,000 Combined total value = 12,095,100,000

Strike 100100 has a total call value of 0 versus a total put value of 12,041,720,000 Combined total value = 12,041,720,000

Strike 100200 has a total call value of 0 versus a total put value of 11,988,340,000 Combined total value = 11,988,340,000

Strike 100300 has a total call value of 0 versus a total put value of 11,934,960,000 Combined total value = 11,934,960,000

Strike 100400 has a total call value of 0 versus a total put value of 11,881,580,000 Combined total value = 11,881,580,000

Strike 100500 has a total call value of 0 versus a total put value of 11,828,200,000 Combined total value = 11,828,200,000

Strike 100600 has a total call value of 0 versus a total put value of 11,774,820,000 Combined total value = 11,774,820,000

Strike 100700 has a total call value of 0 versus a total put value of 11,721,440,000 Combined total value = 11,721,440,000

Strike 100800 has a total call value of 0 versus a total put value of 11,668,060,000 Combined total value = 11,668,060,000

Strike 100900 has a total call value of 0 versus a total put value of 11,614,680,000 Combined total value = 11,614,680,000

Strike 101000 has a total call value of 0 versus a total put value of 11,561,300,000 Combined total value = 11,561,300,000

Strike 101100 has a total call value of 0 versus a total put value of 11,507,920,000 Combined total value = 11,507,920,000

Strike 101200 has a total call value of 0 versus a total put value of 11,454,540,000 Combined total value = 11,454,540,000

Strike 101300 has a total call value of 0 versus a total put value of 11,401,160,000 Combined total value = 11,401,160,000

Strike 101400 has a total call value of 0 versus a total put value of 11,347,780,000 Combined total value = 11,347,780,000

Strike 101500 has a total call value of 0 versus a total put value of 11,294,400,000 Combined total value = 11,294,400,000

Strike 101600 has a total call value of 0 versus a total put value of 11,241,020,000 Combined total value = 11,241,020,000

Strike 101700 has a total call value of 0 versus a total put value of 11,187,640,000 Combined total value = 11,187,640,000

Strike 101800 has a total call value of 0 versus a total put value of 11,134,260,000 Combined total value = 11,134,260,000

Strike 101900 has a total call value of 0 versus a total put value of 11,080,880,000 Combined total value = 11,080,880,000

Strike 102000 has a total call value of 0 versus a total put value of 11,027,500,000 Combined total value = 11,027,500,000

Strike 102100 has a total call value of 0 versus a total put value of 10,974,120,000 Combined total value = 10,974,120,000

Strike 102200 has a total call value of 0 versus a total put value of 10,920,740,000 Combined total value = 10,920,740,000

Strike 102300 has a total call value of 0 versus a total put value of 10,867,360,000 Combined total value = 10,867,360,000

Strike 102400 has a total call value of 0 versus a total put value of 10,813,980,000 Combined total value = 10,813,980,000

Strike 102500 has a total call value of 0 versus a total put value of 10,760,600,000 Combined total value = 10,760,600,000

Strike 102600 has a total call value of 0 versus a total put value of 10,707,220,000 Combined total value = 10,707,220,000

Strike 102700 has a total call value of 0 versus a total put value of 10,653,840,000 Combined total value = 10,653,840,000

Strike 102800 has a total call value of 0 versus a total put value of 10,600,460,000 Combined total value = 10,600,460,000

Strike 102900 has a total call value of 0 versus a total put value of 10,547,080,000 Combined total value = 10,547,080,000

Strike 103000 has a total call value of 0 versus a total put value of 10,493,700,000 Combined total value = 10,493,700,000

Strike 103100 has a total call value of 0 versus a total put value of 10,440,320,000 Combined total value = 10,440,320,000

Strike 103200 has a total call value of 0 versus a total put value of 10,386,940,000 Combined total value = 10,386,940,000

Strike 103300 has a total call value of 0 versus a total put value of 10,333,560,000 Combined total value = 10,333,560,000

Strike 103400 has a total call value of 0 versus a total put value of 10,280,180,000 Combined total value = 10,280,180,000

Strike 103500 has a total call value of 0 versus a total put value of 10,226,800,000 Combined total value = 10,226,800,000

Strike 103600 has a total call value of 0 versus a total put value of 10,173,420,000 Combined total value = 10,173,420,000

Strike 103700 has a total call value of 0 versus a total put value of 10,120,040,000 Combined total value = 10,120,040,000

Strike 103800 has a total call value of 0 versus a total put value of 10,066,660,000 Combined total value = 10,066,660,000

Strike 103900 has a total call value of 0 versus a total put value of 10,013,280,000 Combined total value = 10,013,280,000

Strike 104000 has a total call value of 0 versus a total put value of 9,959,900,000 Combined total value = 9,959,900,000

Strike 104100 has a total call value of 0 versus a total put value of 9,906,520,000 Combined total value = 9,906,520,000

Strike 104200 has a total call value of 0 versus a total put value of 9,853,140,000 Combined total value = 9,853,140,000

Strike 104300 has a total call value of 0 versus a total put value of 9,799,760,000 Combined total value = 9,799,760,000

Strike 104400 has a total call value of 0 versus a total put value of 9,746,380,000 Combined total value = 9,746,380,000

Strike 104500 has a total call value of 0 versus a total put value of 9,693,000,000 Combined total value = 9,693,000,000

Strike 104600 has a total call value of 0 versus a total put value of 9,639,620,000 Combined total value = 9,639,620,000

Strike 104700 has a total call value of 0 versus a total put value of 9,586,240,000 Combined total value = 9,586,240,000

Strike 104800 has a total call value of 0 versus a total put value of 9,532,860,000 Combined total value = 9,532,860,000

Strike 104900 has a total call value of 0 versus a total put value of 9,479,480,000 Combined total value = 9,479,480,000

Strike 105000 has a total call value of 0 versus a total put value of 9,426,100,000 Combined total value = 9,426,100,000

Strike 105100 has a total call value of 0 versus a total put value of 9,372,720,000 Combined total value = 9,372,720,000

Strike 105200 has a total call value of 0 versus a total put value of 9,319,340,000 Combined total value = 9,319,340,000

Strike 105300 has a total call value of 0 versus a total put value of 9,265,960,000 Combined total value = 9,265,960,000

Strike 105400 has a total call value of 0 versus a total put value of 9,212,580,000 Combined total value = 9,212,580,000

Strike 105500 has a total call value of 0 versus a total put value of 9,159,200,000 Combined total value = 9,159,200,000

Strike 105600 has a total call value of 0 versus a total put value of 9,105,820,000 Combined total value = 9,105,820,000

Strike 105700 has a total call value of 0 versus a total put value of 9,052,440,000 Combined total value = 9,052,440,000

Strike 105800 has a total call value of 0 versus a total put value of 8,999,060,000 Combined total value = 8,999,060,000

Strike 105900 has a total call value of 0 versus a total put value of 8,945,680,000 Combined total value = 8,945,680,000

Strike 106000 has a total call value of 0 versus a total put value of 8,892,300,000 Combined total value = 8,892,300,000

Strike 106100 has a total call value of 0 versus a total put value of 8,838,920,000 Combined total value = 8,838,920,000

Strike 106200 has a total call value of 0 versus a total put value of 8,785,540,000 Combined total value = 8,785,540,000

Strike 106300 has a total call value of 0 versus a total put value of 8,732,160,000 Combined total value = 8,732,160,000

Strike 106400 has a total call value of 0 versus a total put value of 8,678,780,000 Combined total value = 8,678,780,000

Strike 106500 has a total call value of 0 versus a total put value of 8,625,400,000 Combined total value = 8,625,400,000

Strike 106600 has a total call value of 0 versus a total put value of 8,572,020,000 Combined total value = 8,572,020,000

Strike 106700 has a total call value of 0 versus a total put value of 8,518,640,000 Combined total value = 8,518,640,000

Strike 106800 has a total call value of 0 versus a total put value of 8,465,260,000 Combined total value = 8,465,260,000

Strike 106900 has a total call value of 0 versus a total put value of 8,411,880,000 Combined total value = 8,411,880,000

Strike 107000 has a total call value of 0 versus a total put value of 8,358,500,000 Combined total value = 8,358,500,000

Strike 107100 has a total call value of 0 versus a total put value of 8,305,120,000 Combined total value = 8,305,120,000

Strike 107200 has a total call value of 0 versus a total put value of 8,251,740,000 Combined total value = 8,251,740,000

Strike 107300 has a total call value of 0 versus a total put value of 8,198,360,000 Combined total value = 8,198,360,000

Strike 107400 has a total call value of 0 versus a total put value of 8,144,980,000 Combined total value = 8,144,980,000

Strike 107500 has a total call value of 0 versus a total put value of 8,091,600,000 Combined total value = 8,091,600,000

Strike 107600 has a total call value of 0 versus a total put value of 8,038,220,000 Combined total value = 8,038,220,000

Strike 107700 has a total call value of 0 versus a total put value of 7,984,840,000 Combined total value = 7,984,840,000

Strike 107800 has a total call value of 0 versus a total put value of 7,931,460,000 Combined total value = 7,931,460,000

Strike 107900 has a total call value of 0 versus a total put value of 7,878,080,000 Combined total value = 7,878,080,000

Strike 108000 has a total call value of 0 versus a total put value of 7,824,700,000 Combined total value = 7,824,700,000

Strike 108100 has a total call value of 0 versus a total put value of 7,771,320,000 Combined total value = 7,771,320,000

Strike 108200 has a total call value of 0 versus a total put value of 7,717,940,000 Combined total value = 7,717,940,000

Strike 108300 has a total call value of 0 versus a total put value of 7,664,560,000 Combined total value = 7,664,560,000

Strike 108400 has a total call value of 0 versus a total put value of 7,611,180,000 Combined total value = 7,611,180,000

Strike 108500 has a total call value of 0 versus a total put value of 7,557,800,000 Combined total value = 7,557,800,000

Strike 108600 has a total call value of 0 versus a total put value of 7,504,420,000 Combined total value = 7,504,420,000

Strike 108700 has a total call value of 0 versus a total put value of 7,451,040,000 Combined total value = 7,451,040,000

Strike 108800 has a total call value of 0 versus a total put value of 7,397,660,000 Combined total value = 7,397,660,000

Strike 108900 has a total call value of 0 versus a total put value of 7,344,280,000 Combined total value = 7,344,280,000

Strike 109000 has a total call value of 0 versus a total put value of 7,290,900,000 Combined total value = 7,290,900,000

Strike 109100 has a total call value of 0 versus a total put value of 7,237,520,000 Combined total value = 7,237,520,000

Strike 109200 has a total call value of 0 versus a total put value of 7,184,140,000 Combined total value = 7,184,140,000

Strike 109300 has a total call value of 0 versus a total put value of 7,130,760,000 Combined total value = 7,130,760,000

Strike 109400 has a total call value of 0 versus a total put value of 7,077,380,000 Combined total value = 7,077,380,000

Strike 109500 has a total call value of 0 versus a total put value of 7,024,000,000 Combined total value = 7,024,000,000

Strike 109600 has a total call value of 0 versus a total put value of 6,970,620,000 Combined total value = 6,970,620,000

Strike 109700 has a total call value of 0 versus a total put value of 6,917,240,000 Combined total value = 6,917,240,000

Strike 109800 has a total call value of 0 versus a total put value of 6,863,860,000 Combined total value = 6,863,860,000

Strike 109900 has a total call value of 0 versus a total put value of 6,810,480,000 Combined total value = 6,810,480,000

Strike 110000 has a total call value of 0 versus a total put value of 6,757,100,000 Combined total value = 6,757,100,000

Strike 110100 has a total call value of 0 versus a total put value of 6,708,040,000 Combined total value = 6,708,040,000

Strike 110200 has a total call value of 0 versus a total put value of 6,658,980,000 Combined total value = 6,658,980,000

Strike 110300 has a total call value of 0 versus a total put value of 6,609,920,000 Combined total value = 6,609,920,000

Strike 110400 has a total call value of 0 versus a total put value of 6,560,860,000 Combined total value = 6,560,860,000

Strike 110500 has a total call value of 0 versus a total put value of 6,511,800,000 Combined total value = 6,511,800,000

Strike 110600 has a total call value of 0 versus a total put value of 6,462,740,000 Combined total value = 6,462,740,000

Strike 110700 has a total call value of 0 versus a total put value of 6,413,680,000 Combined total value = 6,413,680,000

Strike 110800 has a total call value of 0 versus a total put value of 6,364,620,000 Combined total value = 6,364,620,000

Strike 110900 has a total call value of 0 versus a total put value of 6,315,560,000 Combined total value = 6,315,560,000

Strike 111000 has a total call value of 0 versus a total put value of 6,266,500,000 Combined total value = 6,266,500,000

Strike 111100 has a total call value of 0 versus a total put value of 6,217,440,000 Combined total value = 6,217,440,000

Strike 111200 has a total call value of 0 versus a total put value of 6,168,380,000 Combined total value = 6,168,380,000

Strike 111300 has a total call value of 0 versus a total put value of 6,119,320,000 Combined total value = 6,119,320,000

Strike 111400 has a total call value of 0 versus a total put value of 6,070,260,000 Combined total value = 6,070,260,000

Strike 111500 has a total call value of 0 versus a total put value of 6,021,200,000 Combined total value = 6,021,200,000

Strike 111600 has a total call value of 0 versus a total put value of 5,972,140,000 Combined total value = 5,972,140,000

Strike 111700 has a total call value of 0 versus a total put value of 5,923,080,000 Combined total value = 5,923,080,000

Strike 111800 has a total call value of 0 versus a total put value of 5,874,020,000 Combined total value = 5,874,020,000

Strike 111900 has a total call value of 0 versus a total put value of 5,824,960,000 Combined total value = 5,824,960,000

Strike 112000 has a total call value of 0 versus a total put value of 5,775,900,000 Combined total value = 5,775,900,000

Strike 112100 has a total call value of 0 versus a total put value of 5,726,840,000 Combined total value = 5,726,840,000

Strike 112200 has a total call value of 0 versus a total put value of 5,677,780,000 Combined total value = 5,677,780,000

Strike 112300 has a total call value of 0 versus a total put value of 5,628,720,000 Combined total value = 5,628,720,000

Strike 112400 has a total call value of 0 versus a total put value of 5,579,660,000 Combined total value = 5,579,660,000

Strike 112500 has a total call value of 0 versus a total put value of 5,530,600,000 Combined total value = 5,530,600,000

Strike 112600 has a total call value of 0 versus a total put value of 5,481,540,000 Combined total value = 5,481,540,000

Strike 112700 has a total call value of 0 versus a total put value of 5,432,480,000 Combined total value = 5,432,480,000

Strike 112800 has a total call value of 0 versus a total put value of 5,383,420,000 Combined total value = 5,383,420,000

Strike 112900 has a total call value of 0 versus a total put value of 5,334,360,000 Combined total value = 5,334,360,000

Strike 113000 has a total call value of 0 versus a total put value of 5,285,300,000 Combined total value = 5,285,300,000

Strike 113100 has a total call value of 0 versus a total put value of 5,236,240,000 Combined total value = 5,236,240,000

Strike 113200 has a total call value of 0 versus a total put value of 5,187,180,000 Combined total value = 5,187,180,000

Strike 113300 has a total call value of 0 versus a total put value of 5,138,120,000 Combined total value = 5,138,120,000

Strike 113400 has a total call value of 0 versus a total put value of 5,089,060,000 Combined total value = 5,089,060,000

Strike 113500 has a total call value of 0 versus a total put value of 5,040,000,000 Combined total value = 5,040,000,000

Strike 113600 has a total call value of 0 versus a total put value of 4,990,940,000 Combined total value = 4,990,940,000

Strike 113700 has a total call value of 0 versus a total put value of 4,941,880,000 Combined total value = 4,941,880,000

Strike 113800 has a total call value of 0 versus a total put value of 4,892,820,000 Combined total value = 4,892,820,000

Strike 113900 has a total call value of 0 versus a total put value of 4,843,760,000 Combined total value = 4,843,760,000

Strike 114000 has a total call value of 0 versus a total put value of 4,794,700,000 Combined total value = 4,794,700,000

Strike 114100 has a total call value of 0 versus a total put value of 4,745,640,000 Combined total value = 4,745,640,000

Strike 114200 has a total call value of 0 versus a total put value of 4,696,580,000 Combined total value = 4,696,580,000

Strike 114300 has a total call value of 0 versus a total put value of 4,647,520,000 Combined total value = 4,647,520,000

Strike 114400 has a total call value of 0 versus a total put value of 4,598,460,000 Combined total value = 4,598,460,000

Strike 114500 has a total call value of 0 versus a total put value of 4,549,400,000 Combined total value = 4,549,400,000

Strike 114600 has a total call value of 0 versus a total put value of 4,500,340,000 Combined total value = 4,500,340,000

Strike 114700 has a total call value of 0 versus a total put value of 4,451,280,000 Combined total value = 4,451,280,000

Strike 114800 has a total call value of 0 versus a total put value of 4,402,220,000 Combined total value = 4,402,220,000

Strike 114900 has a total call value of 0 versus a total put value of 4,353,160,000 Combined total value = 4,353,160,000

Strike 115000 has a total call value of 0 versus a total put value of 4,304,100,000 Combined total value = 4,304,100,000

Strike 115100 has a total call value of 0 versus a total put value of 4,258,390,000 Combined total value = 4,258,390,000

Strike 115200 has a total call value of 0 versus a total put value of 4,212,680,000 Combined total value = 4,212,680,000

Strike 115300 has a total call value of 0 versus a total put value of 4,166,970,000 Combined total value = 4,166,970,000

Strike 115400 has a total call value of 0 versus a total put value of 4,121,260,000 Combined total value = 4,121,260,000

Strike 115500 has a total call value of 0 versus a total put value of 4,075,550,000 Combined total value = 4,075,550,000

Strike 115600 has a total call value of 0 versus a total put value of 4,029,840,000 Combined total value = 4,029,840,000

Strike 115700 has a total call value of 0 versus a total put value of 3,984,130,000 Combined total value = 3,984,130,000

Strike 115800 has a total call value of 0 versus a total put value of 3,938,420,000 Combined total value = 3,938,420,000

Strike 115900 has a total call value of 0 versus a total put value of 3,892,710,000 Combined total value = 3,892,710,000

Strike 116000 has a total call value of 0 versus a total put value of 3,847,000,000 Combined total value = 3,847,000,000

Strike 116100 has a total call value of 0 versus a total put value of 3,801,380,000 Combined total value = 3,801,380,000

Strike 116200 has a total call value of 0 versus a total put value of 3,755,760,000 Combined total value = 3,755,760,000

Strike 116300 has a total call value of 0 versus a total put value of 3,710,140,000 Combined total value = 3,710,140,000

Strike 116400 has a total call value of 0 versus a total put value of 3,664,520,000 Combined total value = 3,664,520,000

Strike 116500 has a total call value of 0 versus a total put value of 3,618,900,000 Combined total value = 3,618,900,000

Strike 116600 has a total call value of 0 versus a total put value of 3,573,280,000 Combined total value = 3,573,280,000

Strike 116700 has a total call value of 0 versus a total put value of 3,527,660,000 Combined total value = 3,527,660,000

Strike 116800 has a total call value of 0 versus a total put value of 3,482,040,000 Combined total value = 3,482,040,000

Strike 116900 has a total call value of 0 versus a total put value of 3,436,420,000 Combined total value = 3,436,420,000

Strike 117000 has a total call value of 0 versus a total put value of 3,390,800,000 Combined total value = 3,390,800,000

Strike 117100 has a total call value of 0 versus a total put value of 3,345,180,000 Combined total value = 3,345,180,000

Strike 117200 has a total call value of 0 versus a total put value of 3,299,560,000 Combined total value = 3,299,560,000

Strike 117300 has a total call value of 0 versus a total put value of 3,253,940,000 Combined total value = 3,253,940,000

Strike 117400 has a total call value of 0 versus a total put value of 3,208,320,000 Combined total value = 3,208,320,000

Strike 117500 has a total call value of 0 versus a total put value of 3,162,700,000 Combined total value = 3,162,700,000

Strike 117600 has a total call value of 0 versus a total put value of 3,117,080,000 Combined total value = 3,117,080,000

Strike 117700 has a total call value of 0 versus a total put value of 3,071,460,000 Combined total value = 3,071,460,000

Strike 117800 has a total call value of 0 versus a total put value of 3,025,840,000 Combined total value = 3,025,840,000

Strike 117900 has a total call value of 0 versus a total put value of 2,980,220,000 Combined total value = 2,980,220,000

Strike 118000 has a total call value of 0 versus a total put value of 2,934,600,000 Combined total value = 2,934,600,000

Strike 118100 has a total call value of 0 versus a total put value of 2,888,980,000 Combined total value = 2,888,980,000

Strike 118200 has a total call value of 0 versus a total put value of 2,843,360,000 Combined total value = 2,843,360,000

Strike 118300 has a total call value of 0 versus a total put value of 2,797,740,000 Combined total value = 2,797,740,000

Strike 118400 has a total call value of 0 versus a total put value of 2,752,120,000 Combined total value = 2,752,120,000

Strike 118500 has a total call value of 0 versus a total put value of 2,706,500,000 Combined total value = 2,706,500,000

Strike 118600 has a total call value of 0 versus a total put value of 2,660,880,000 Combined total value = 2,660,880,000

Strike 118700 has a total call value of 0 versus a total put value of 2,615,260,000 Combined total value = 2,615,260,000

Strike 118800 has a total call value of 0 versus a total put value of 2,569,640,000 Combined total value = 2,569,640,000

Strike 118900 has a total call value of 0 versus a total put value of 2,524,020,000 Combined total value = 2,524,020,000

Strike 119000 has a total call value of 0 versus a total put value of 2,478,400,000 Combined total value = 2,478,400,000

Strike 119100 has a total call value of 0 versus a total put value of 2,432,980,000 Combined total value = 2,432,980,000

Strike 119200 has a total call value of 0 versus a total put value of 2,387,560,000 Combined total value = 2,387,560,000

Strike 119300 has a total call value of 0 versus a total put value of 2,342,140,000 Combined total value = 2,342,140,000

Strike 119400 has a total call value of 0 versus a total put value of 2,296,720,000 Combined total value = 2,296,720,000

Strike 119500 has a total call value of 0 versus a total put value of 2,251,300,000 Combined total value = 2,251,300,000

Strike 119600 has a total call value of 0 versus a total put value of 2,205,880,000 Combined total value = 2,205,880,000

Strike 119700 has a total call value of 0 versus a total put value of 2,160,460,000 Combined total value = 2,160,460,000

Strike 119800 has a total call value of 0 versus a total put value of 2,115,040,000 Combined total value = 2,115,040,000

Strike 119900 has a total call value of 0 versus a total put value of 2,069,620,000 Combined total value = 2,069,620,000

Strike 120000 has a total call value of 0 versus a total put value of 2,024,200,000 Combined total value = 2,024,200,000

Strike 120100 has a total call value of 0 versus a total put value of 1,987,030,000 Combined total value = 1,987,030,000

Strike 120200 has a total call value of 0 versus a total put value of 1,949,860,000 Combined total value = 1,949,860,000

Strike 120300 has a total call value of 0 versus a total put value of 1,912,690,000 Combined total value = 1,912,690,000

Strike 120400 has a total call value of 0 versus a total put value of 1,875,520,000 Combined total value = 1,875,520,000

Strike 120500 has a total call value of 0 versus a total put value of 1,838,350,000 Combined total value = 1,838,350,000

Strike 120600 has a total call value of 0 versus a total put value of 1,801,180,000 Combined total value = 1,801,180,000

Strike 120700 has a total call value of 0 versus a total put value of 1,764,010,000 Combined total value = 1,764,010,000

Strike 120800 has a total call value of 0 versus a total put value of 1,726,840,000 Combined total value = 1,726,840,000

Strike 120900 has a total call value of 0 versus a total put value of 1,689,670,000 Combined total value = 1,689,670,000

Strike 121000 has a total call value of 0 versus a total put value of 1,652,500,000 Combined total value = 1,652,500,000

Strike 121100 has a total call value of 0 versus a total put value of 1,618,000,000 Combined total value = 1,618,000,000

Strike 121200 has a total call value of 0 versus a total put value of 1,583,500,000 Combined total value = 1,583,500,000

Strike 121300 has a total call value of 0 versus a total put value of 1,549,000,000 Combined total value = 1,549,000,000

Strike 121400 has a total call value of 0 versus a total put value of 1,514,500,000 Combined total value = 1,514,500,000

Strike 121500 has a total call value of 0 versus a total put value of 1,480,000,000 Combined total value = 1,480,000,000

Strike 121600 has a total call value of 0 versus a total put value of 1,445,500,000 Combined total value = 1,445,500,000

Strike 121700 has a total call value of 0 versus a total put value of 1,411,000,000 Combined total value = 1,411,000,000

Strike 121800 has a total call value of 0 versus a total put value of 1,376,500,000 Combined total value = 1,376,500,000

Strike 121900 has a total call value of 0 versus a total put value of 1,342,000,000 Combined total value = 1,342,000,000

Strike 122000 has a total call value of 0 versus a total put value of 1,307,500,000 Combined total value = 1,307,500,000

Strike 122100 has a total call value of 0 versus a total put value of 1,277,020,000 Combined total value = 1,277,020,000

Strike 122200 has a total call value of 0 versus a total put value of 1,246,540,000 Combined total value = 1,246,540,000

Strike 122300 has a total call value of 0 versus a total put value of 1,216,060,000 Combined total value = 1,216,060,000

Strike 122400 has a total call value of 0 versus a total put value of 1,185,580,000 Combined total value = 1,185,580,000

Strike 122500 has a total call value of 0 versus a total put value of 1,155,100,000 Combined total value = 1,155,100,000

Strike 122600 has a total call value of 0 versus a total put value of 1,124,620,000 Combined total value = 1,124,620,000

Strike 122700 has a total call value of 0 versus a total put value of 1,094,140,000 Combined total value = 1,094,140,000

Strike 122800 has a total call value of 0 versus a total put value of 1,063,660,000 Combined total value = 1,063,660,000

Strike 122900 has a total call value of 0 versus a total put value of 1,033,180,000 Combined total value = 1,033,180,000

Strike 123000 has a total call value of 0 versus a total put value of 1,002,700,000 Combined total value = 1,002,700,000

Strike 123100 has a total call value of 0 versus a total put value of 977,340,000 Combined total value = 977,340,000

Strike 123200 has a total call value of 0 versus a total put value of 951,980,000 Combined total value = 951,980,000

Strike 123300 has a total call value of 0 versus a total put value of 926,620,000 Combined total value = 926,620,000

Strike 123400 has a total call value of 0 versus a total put value of 901,260,000 Combined total value = 901,260,000

Strike 123500 has a total call value of 0 versus a total put value of 875,900,000 Combined total value = 875,900,000

Strike 123600 has a total call value of 0 versus a total put value of 850,540,000 Combined total value = 850,540,000

Strike 123700 has a total call value of 0 versus a total put value of 825,180,000 Combined total value = 825,180,000

Strike 123800 has a total call value of 0 versus a total put value of 799,820,000 Combined total value = 799,820,000

Strike 123900 has a total call value of 0 versus a total put value of 774,460,000 Combined total value = 774,460,000

Strike 124000 has a total call value of 0 versus a total put value of 749,100,000 Combined total value = 749,100,000

Strike 124100 has a total call value of 0 versus a total put value of 727,870,000 Combined total value = 727,870,000

Strike 124200 has a total call value of 0 versus a total put value of 706,640,000 Combined total value = 706,640,000

Strike 124300 has a total call value of 0 versus a total put value of 685,410,000 Combined total value = 685,410,000

Strike 124400 has a total call value of 0 versus a total put value of 664,180,000 Combined total value = 664,180,000

Strike 124500 has a total call value of 0 versus a total put value of 642,950,000 Combined total value = 642,950,000

Strike 124600 has a total call value of 0 versus a total put value of 621,720,000 Combined total value = 621,720,000

Strike 124700 has a total call value of 0 versus a total put value of 600,490,000 Combined total value = 600,490,000

Strike 124800 has a total call value of 0 versus a total put value of 579,260,000 Combined total value = 579,260,000

Strike 124900 has a total call value of 0 versus a total put value of 558,030,000 Combined total value = 558,030,000

Strike 125000 has a total call value of 0 versus a total put value of 536,800,000 Combined total value = 536,800,000

Strike 125100 has a total call value of 1,510,000 versus a total put value of 522,000,000 Combined total value = 523,510,000

Strike 125200 has a total call value of 3,020,000 versus a total put value of 507,200,000 Combined total value = 510,220,000

Strike 125300 has a total call value of 4,530,000 versus a total put value of 492,400,000 Combined total value = 496,930,000

Strike 125400 has a total call value of 6,040,000 versus a total put value of 477,600,000 Combined total value = 483,640,000

Strike 125500 has a total call value of 7,550,000 versus a total put value of 462,800,000 Combined total value = 470,350,000

Strike 125600 has a total call value of 9,060,000 versus a total put value of 448,000,000 Combined total value = 457,060,000

Strike 125700 has a total call value of 10,570,000 versus a total put value of 433,200,000 Combined total value = 443,770,000

Strike 125800 has a total call value of 12,080,000 versus a total put value of 418,400,000 Combined total value = 430,480,000

Strike 125900 has a total call value of 13,590,000 versus a total put value of 403,600,000 Combined total value = 417,190,000

Strike 126000 has a total call value of 15,100,000 versus a total put value of 388,800,000 Combined total value = 403,900,000

Strike 126100 has a total call value of 16,610,000 versus a total put value of 377,010,000 Combined total value = 393,620,000

Strike 126200 has a total call value of 18,120,000 versus a total put value of 365,220,000 Combined total value = 383,340,000

Strike 126300 has a total call value of 19,630,000 versus a total put value of 353,430,000 Combined total value = 373,060,000

Strike 126400 has a total call value of 21,140,000 versus a total put value of 341,640,000 Combined total value = 362,780,000

Strike 126500 has a total call value of 22,650,000 versus a total put value of 329,850,000 Combined total value = 352,500,000

Strike 126600 has a total call value of 24,160,000 versus a total put value of 318,060,000 Combined total value = 342,220,000

Strike 126700 has a total call value of 25,670,000 versus a total put value of 306,270,000 Combined total value = 331,940,000

Strike 126800 has a total call value of 27,180,000 versus a total put value of 294,480,000 Combined total value = 321,660,000

Strike 126900 has a total call value of 28,690,000 versus a total put value of 282,690,000 Combined total value = 311,380,000

Strike 127000 has a total call value of 30,200,000 versus a total put value of 270,900,000 Combined total value = 301,100,000

Strike 127100 has a total call value of 32,890,000 versus a total put value of 261,130,000 Combined total value = 294,020,000

Strike 127200 has a total call value of 35,580,000 versus a total put value of 251,360,000 Combined total value = 286,940,000

Strike 127300 has a total call value of 38,270,000 versus a total put value of 241,590,000 Combined total value = 279,860,000

Strike 127400 has a total call value of 40,960,000 versus a total put value of 231,820,000 Combined total value = 272,780,000

Strike 127500 has a total call value of 43,650,000 versus a total put value of 222,050,000 Combined total value = 265,700,000

Strike 127600 has a total call value of 46,340,000 versus a total put value of 212,280,000 Combined total value = 258,620,000

Strike 127700 has a total call value of 49,030,000 versus a total put value of 202,510,000 Combined total value = 251,540,000

Strike 127800 has a total call value of 51,720,000 versus a total put value of 192,740,000 Combined total value = 244,460,000

Strike 127900 has a total call value of 54,410,000 versus a total put value of 182,970,000 Combined total value = 237,380,000

Strike 128000 has a total call value of 57,100,000 versus a total put value of 173,200,000 Combined total value = 230,300,000

Strike 128100 has a total call value of 62,730,000 versus a total put value of 166,000,000 Combined total value = 228,730,000

Strike 128200 has a total call value of 68,360,000 versus a total put value of 158,800,000 Combined total value = 227,160,000

Strike 128300 has a total call value of 73,990,000 versus a total put value of 151,600,000 Combined total value = 225,590,000

Strike 128400 has a total call value of 79,620,000 versus a total put value of 144,400,000 Combined total value = 224,020,000

Strike 128500 has a total call value of 85,250,000 versus a total put value of 137,200,000 Combined total value = 222,450,000

Strike 128600 has a total call value of 91,000,000 versus a total put value of 130,000,000 Combined total value = 221,000,000

Strike 128700 has a total call value of 96,750,000 versus a total put value of 122,800,000 Combined total value = 219,550,000

Strike 128800 has a total call value of 102,500,000 versus a total put value of 115,600,000 Combined total value = 218,100,000

Strike 128900 has a total call value of 108,250,000 versus a total put value of 108,400,000 Combined total value = 216,650,000

Strike 129000 has a total call value of 114,000,000 versus a total put value of 101,200,000 Combined total value = 215,200,000

Strike 129100 has a total call value of 121,210,000 versus a total put value of 96,270,000 Combined total value = 217,480,000

Strike 129200 has a total call value of 128,420,000 versus a total put value of 91,340,000 Combined total value = 219,760,000

Strike 129300 has a total call value of 135,630,000 versus a total put value of 86,410,000 Combined total value = 222,040,000

Strike 129400 has a total call value of 142,840,000 versus a total put value of 81,480,000 Combined total value = 224,320,000

Strike 129500 has a total call value of 150,050,000 versus a total put value of 76,550,000 Combined total value = 226,600,000

Strike 129600 has a total call value of 157,260,000 versus a total put value of 71,620,000 Combined total value = 228,880,000

Strike 129700 has a total call value of 164,470,000 versus a total put value of 66,690,000 Combined total value = 231,160,000

Strike 129800 has a total call value of 171,680,000 versus a total put value of 61,760,000 Combined total value = 233,440,000

Strike 129900 has a total call value of 178,890,000 versus a total put value of 56,830,000 Combined total value = 235,720,000

Strike 130000 has a total call value of 186,100,000 versus a total put value of 51,900,000 Combined total value = 238,000,000

Strike 130100 has a total call value of 199,210,000 versus a total put value of 49,780,000 Combined total value = 248,990,000

Strike 130200 has a total call value of 212,320,000 versus a total put value of 47,660,000 Combined total value = 259,980,000

Strike 130300 has a total call value of 225,430,000 versus a total put value of 45,540,000 Combined total value = 270,970,000

Strike 130400 has a total call value of 238,540,000 versus a total put value of 43,420,000 Combined total value = 281,960,000

Strike 130500 has a total call value of 251,650,000 versus a total put value of 41,300,000 Combined total value = 292,950,000

Strike 130600 has a total call value of 264,760,000 versus a total put value of 39,180,000 Combined total value = 303,940,000

Strike 130700 has a total call value of 277,870,000 versus a total put value of 37,060,000 Combined total value = 314,930,000

Strike 130800 has a total call value of 290,980,000 versus a total put value of 34,940,000 Combined total value = 325,920,000

Strike 130900 has a total call value of 304,090,000 versus a total put value of 32,820,000 Combined total value = 336,910,000

Strike 131000 has a total call value of 317,200,000 versus a total put value of 30,700,000 Combined total value = 347,900,000

Strike 131100 has a total call value of 333,790,000 versus a total put value of 29,300,000 Combined total value = 363,090,000

Strike 131200 has a total call value of 350,380,000 versus a total put value of 27,900,000 Combined total value = 378,280,000

Strike 131300 has a total call value of 366,970,000 versus a total put value of 26,500,000 Combined total value = 393,470,000

Strike 131400 has a total call value of 383,560,000 versus a total put value of 25,100,000 Combined total value = 408,660,000

Strike 131500 has a total call value of 400,150,000 versus a total put value of 23,700,000 Combined total value = 423,850,000

Strike 131600 has a total call value of 416,740,000 versus a total put value of 22,300,000 Combined total value = 439,040,000

Strike 131700 has a total call value of 433,330,000 versus a total put value of 20,900,000 Combined total value = 454,230,000

Strike 131800 has a total call value of 449,920,000 versus a total put value of 19,500,000 Combined total value = 469,420,000

Strike 131900 has a total call value of 466,510,000 versus a total put value of 18,100,000 Combined total value = 484,610,000

Strike 132000 has a total call value of 483,100,000 versus a total put value of 16,700,000 Combined total value = 499,800,000

Strike 132100 has a total call value of 502,480,000 versus a total put value of 15,950,000 Combined total value = 518,430,000

Strike 132200 has a total call value of 521,860,000 versus a total put value of 15,200,000 Combined total value = 537,060,000

Strike 132300 has a total call value of 541,240,000 versus a total put value of 14,450,000 Combined total value = 555,690,000

Strike 132400 has a total call value of 560,620,000 versus a total put value of 13,700,000 Combined total value = 574,320,000

Strike 132500 has a total call value of 580,000,000 versus a total put value of 12,950,000 Combined total value = 592,950,000

Strike 132600 has a total call value of 599,380,000 versus a total put value of 12,200,000 Combined total value = 611,580,000

Strike 132700 has a total call value of 618,760,000 versus a total put value of 11,450,000 Combined total value = 630,210,000

Strike 132800 has a total call value of 638,140,000 versus a total put value of 10,700,000 Combined total value = 648,840,000

Strike 132900 has a total call value of 657,520,000 versus a total put value of 9,950,000 Combined total value = 667,470,000

Strike 133000 has a total call value of 676,900,000 versus a total put value of 9,200,000 Combined total value = 686,100,000

Strike 133100 has a total call value of 698,210,000 versus a total put value of 8,740,000 Combined total value = 706,950,000

Strike 133200 has a total call value of 719,520,000 versus a total put value of 8,280,000 Combined total value = 727,800,000

Strike 133300 has a total call value of 740,830,000 versus a total put value of 7,820,000 Combined total value = 748,650,000

Strike 133400 has a total call value of 762,140,000 versus a total put value of 7,360,000 Combined total value = 769,500,000

Strike 133500 has a total call value of 783,450,000 versus a total put value of 6,900,000 Combined total value = 790,350,000

Strike 133600 has a total call value of 804,760,000 versus a total put value of 6,440,000 Combined total value = 811,200,000

Strike 133700 has a total call value of 826,070,000 versus a total put value of 5,980,000 Combined total value = 832,050,000

Strike 133800 has a total call value of 847,380,000 versus a total put value of 5,520,000 Combined total value = 852,900,000

Strike 133900 has a total call value of 868,690,000 versus a total put value of 5,060,000 Combined total value = 873,750,000

Strike 134000 has a total call value of 890,000,000 versus a total put value of 4,600,000 Combined total value = 894,600,000

Strike 134100 has a total call value of 912,830,000 versus a total put value of 4,140,000 Combined total value = 916,970,000

Strike 134200 has a total call value of 935,660,000 versus a total put value of 3,680,000 Combined total value = 939,340,000

Strike 134300 has a total call value of 958,490,000 versus a total put value of 3,220,000 Combined total value = 961,710,000

Strike 134400 has a total call value of 981,320,000 versus a total put value of 2,760,000 Combined total value = 984,080,000

Strike 134500 has a total call value of 1,004,150,000 versus a total put value of 2,300,000 Combined total value = 1,006,450,000

Strike 134600 has a total call value of 1,026,980,000 versus a total put value of 1,840,000 Combined total value = 1,028,820,000

Strike 134700 has a total call value of 1,049,810,000 versus a total put value of 1,380,000 Combined total value = 1,051,190,000

Strike 134800 has a total call value of 1,072,640,000 versus a total put value of 920,000 Combined total value = 1,073,560,000

Strike 134900 has a total call value of 1,095,470,000 versus a total put value of 460,000 Combined total value = 1,095,930,000

Strike 135000 has a total call value of 1,118,300,000 versus a total put value of 0 Combined total value = 1,118,300,000

Strike 135100 has a total call value of 1,147,450,000 versus a total put value of 0 Combined total value = 1,147,450,000

Strike 135200 has a total call value of 1,176,600,000 versus a total put value of 0 Combined total value = 1,176,600,000

Strike 135300 has a total call value of 1,205,750,000 versus a total put value of 0 Combined total value = 1,205,750,000

Strike 135400 has a total call value of 1,234,900,000 versus a total put value of 0 Combined total value = 1,234,900,000

Strike 135500 has a total call value of 1,264,050,000 versus a total put value of 0 Combined total value = 1,264,050,000

Strike 135600 has a total call value of 1,293,200,000 versus a total put value of 0 Combined total value = 1,293,200,000

Strike 135700 has a total call value of 1,322,350,000 versus a total put value of 0 Combined total value = 1,322,350,000

Strike 135800 has a total call value of 1,351,500,000 versus a total put value of 0 Combined total value = 1,351,500,000

Strike 135900 has a total call value of 1,380,650,000 versus a total put value of 0 Combined total value = 1,380,650,000

Strike 136000 has a total call value of 1,409,800,000 versus a total put value of 0 Combined total value = 1,409,800,000

Strike 136100 has a total call value of 1,444,540,000 versus a total put value of 0 Combined total value = 1,444,540,000

Strike 136200 has a total call value of 1,479,280,000 versus a total put value of 0 Combined total value = 1,479,280,000

Strike 136300 has a total call value of 1,514,020,000 versus a total put value of 0 Combined total value = 1,514,020,000

Strike 136400 has a total call value of 1,548,760,000 versus a total put value of 0 Combined total value = 1,548,760,000

Strike 136500 has a total call value of 1,583,500,000 versus a total put value of 0 Combined total value = 1,583,500,000

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	1146.7	1140
ABB	5173.5	5150
ABCAPITAL	358.75	350
ADANIENSOL	978.85	980
ADANIENT	2265.4	2300
ADANIGREEN	1017.7	1020
ADANIPORTS	1509.4	1500
ALKEM	5675.5	5700
AMBER	6562.5	6600
AMBUJACEM	533.8	550
ANGELONE	2641.7	2650
APLAPOLLO	1771	1760
APOLLOHOSP	7189.5	7350
ASHOKLEY	160.86	157
ASIANPAINT	2968.5	2920
ASTRAL	1459.5	1460
AUBANK	960.7	940
AUROPHARMA	1217.6	1220
AXISBANK	1282.5	1280
BAJAJ-AUTO	9109	9100
BAJAJFINSV	2096.5	2080
BAJFINANCE	1048	1030
BANDHANBNK	140.08	150
BANKBARODA	292.6	292.5
BANKINDIA	143.11	145
BDL	1512.5	1520
BEL	406.9	410
BHARATFORG	1406	1400
BHARTIARTL	2108.8	2100
BHEL	277.75	285
BIOCON	392.65	400
BLUESTARCO	1734.4	1760
BOSCHLTD	36920	36500
BPCL	360.3	362.5
BRITANNIA	5961	5900
BSE	2815.9	2800
CAMS	775.7	780
CANBK	148.64	150
CDSL	1550.6	1600
CGPOWER	661.35	680
CHOLAFIN	1730.4	1700
CIPLA	1520.8	1530
COALINDIA	379.95	380
COFORGE	1977.9	1860
COLPAL	2164.4	2200
CONCOR	511.05	520
CROMPTON	260.1	270
CUMMINSIND	4468.9	4500
CYIENT	1169.2	1160
DABUR	510.1	515
DALBHARAT	1989	2000
DELHIVERY	404.6	420
DIVISLAB	6473.5	6450
DIXON	13749	14500
DLF	719.75	730
DMART	3952.1	4000
DRREDDY	1275.2	1270
EICHERMOT	7208	7100
ETERNAL	292.4	305
EXIDEIND	380.15	380
FEDERALBNK	259.2	255
FORTIS	888.55	910
GAIL	169.98	175
GLENMARK	1968.2	1940
GMRAIRPORT	103.51	102
GODREJCP	1136	1140
GODREJPROP	2082.4	2100
GRASIM	2747	2760
HAL	4443	4500
HAVELLS	1436.5	1440
HCLTECH	1683	1640
HDFCAMC	2577.5	2650
HDFCBANK	1003.3	1000
HDFCLIFE	768.3	770
HEROMOTOCO	6350.5	6200
HFCL	69.03	70
HINDALCO	823.25	800
HINDPETRO	450.35	455
HINDUNILVR	2338.6	2360
HINDZINC	498.1	490
HUDCO	225.22	230
ICICIBANK	1392.5	1380
ICICIGI	1974.4	2000
ICICIPRULI	626.05	620
IDEA	10.8	10
IDFCFIRSTB	80.87	80
IEX	145.31	145
IIFL	569.35	560
INDHOTEL	730.9	740
INDIANB	808.95	830
INDIGO	5370.5	5500
INDUSINDBK	870.1	860
INDUSTOWER	415.7	410
INFY	1616.2	1600
INOXWIND	130.24	137.5
IOC	163.66	164
IRCTC	675.2	690
IREDA	133.4	140
IRFC	114.6	118
ITC	404.95	405
JINDALSTEL	1006.8	1030
JIOFIN	303.75	310
JSWENERGY	461.95	490
JSWSTEEL	1162.2	1150
JUBLFOOD	593.2	600
KALYANKJIL	492.5	490
KAYNES	4353.5	4900
KEI	4163.5	4150
KFINTECH	1066.4	1080
KOTAKBANK	2154.9	2120
KPITTECH	1267	1240
LAURUSLABS	1026.1	1000
LICHSGFIN	541.8	555
LICI	869.9	900
LODHA	1111.6	1160
LT	4038.2	4020
LTF	309.6	305
LTIM	6292	6150
LUPIN	2098.8	2080
M&M	3717.1	3700
MANAPPURAM	279.7	280
MANKIND	2205.5	2250
MARICO	736.65	730
MARUTI	16282	16200
MAXHEALTH	1097.4	1120
MAZDOCK	2616.3	2700
MCX	10343	10100
MFSL	1690.2	1700
MOTHERSON	117.05	115
MPHASIS	2953.6	2900
MUTHOOTFIN	3800.1	3700
NATIONALUM	273.15	265
NAUKRI	1388.7	1380
NBCC	112.06	115
NCC	168.16	172.5
NESTLEIND	1246.9	1260
NHPC	77.07	78
NMDC	76.46	76
NTPC	323.3	325
NUVAMA	7172.5	7200
NYKAA	254.8	260
OBEROIRLTY	1657.7	1660
OFSS	8219	8200
OIL	411.95	415
ONGC	241.23	244
PAGEIND	37455	38000
PATANJALI	550.8	550
PAYTM	1344.6	1320
PERSISTENT	6520.5	6400
PETRONET	274.8	280
PFC	352.65	365
PGEL	553.9	570
PHOENIXLTD	1725.1	1740
PIDILITIND	1475.1	1480
PIIND	3396.1	3450
PNB	121.71	123
PNBHOUSING	903.85	900
POLICYBZR	1893.8	1860
POLYCAB	7257	7400
POWERGRID	269.8	275
POWERINDIA	19305	20500
PPLPHARMA	179.85	185
PRESTIGE	1689.7	1680
RBLBANK	305.8	310
RECLTD	353.3	360
RELIANCE	1540.6	1540
RVNL	310.85	315
SAIL	132.54	135
SAMMAANCAP	148.32	155
SBICARD	885.15	880
SBILIFE	2023.7	2020
SBIN	971.5	975
SHREECEM	26075	26500
SHRIRAMFIN	854.9	840
SIEMENS	3325.9	3300
SOLARINDS	12819	13250
SONACOMS	492.85	500
SRF	2885.4	2900
SUNPHARMA	1805.3	1800
SUPREMEIND	3371.1	3450
SUZLON	51.74	55
SYNGENE	639.8	640
TATACONSUM	1162.9	1170
TATAELXSI	5217.5	5300
TATAMOTORS	0	320
TATAPOWER	384.5	390
TATASTEEL	167.11	170
TATATECH	666.45	680
TCS	3238.2	3200
TECHM	1570.8	1520
TIINDIA	2666.7	2850
TITAGARH	789.05	820
TITAN	3813.3	3860
TMPV	353.6	360
TORNTPHARM	3785.9	3750
TORNTPOWER	1289.9	1300
TRENT	4183.1	4300
TVSMOTOR	3665.4	3600
ULTRACEMCO	11597	11700
UNIONBANK	153.3	155
UNITDSPR	1455.6	1450
UNOMINDA	1272.4	1300
UPL	759.1	760
VBL	479.95	470
VEDL	524.5	520
VOLTAS	1327	1360
WIPRO	259.91	255
YESBANK	22.6	23
ZYDUSLIFE	931.45	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.

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