[--[65.84.65.76]--]

GOLDM

Gold Mini
137291 -686.00 (-0.50%)
L: 136400 H: 137829
Max Pain - GOLDM
08 Jan 2026 08:44 PM IST
Max-Pain
1,37,000
DFC
7D Avg
Reliability
14D Avg
Reliability
21D Avg
Reliability
Max Pain for GOLDM is 137000


Strike  117000  has a total call value of 0  versus a total put value of  4,522,450,000,000 Combined total value = 4,522,450,000,000

Strike  117100  has a total call value of 0  versus a total put value of  4,492,374,000,000 Combined total value = 4,492,374,000,000

Strike  117200  has a total call value of 0  versus a total put value of  4,462,300,000,000 Combined total value = 4,462,300,000,000

Strike  117300  has a total call value of 0  versus a total put value of  4,432,226,000,000 Combined total value = 4,432,226,000,000

Strike  117400  has a total call value of 0  versus a total put value of  4,402,152,000,000 Combined total value = 4,402,152,000,000

Strike  117500  has a total call value of 0  versus a total put value of  4,372,078,000,000 Combined total value = 4,372,078,000,000

Strike  117600  has a total call value of 0  versus a total put value of  4,342,004,000,000 Combined total value = 4,342,004,000,000

Strike  117700  has a total call value of 0  versus a total put value of  4,311,930,000,000 Combined total value = 4,311,930,000,000

Strike  117800  has a total call value of 0  versus a total put value of  4,281,856,000,000 Combined total value = 4,281,856,000,000

Strike  117900  has a total call value of 0  versus a total put value of  4,251,782,000,000 Combined total value = 4,251,782,000,000

Strike  118000  has a total call value of 0  versus a total put value of  4,221,708,000,000 Combined total value = 4,221,708,000,000

Strike  118100  has a total call value of 0  versus a total put value of  4,191,634,000,000 Combined total value = 4,191,634,000,000

Strike  118200  has a total call value of 0  versus a total put value of  4,161,560,000,000 Combined total value = 4,161,560,000,000

Strike  118300  has a total call value of 0  versus a total put value of  4,131,486,000,000 Combined total value = 4,131,486,000,000

Strike  118400  has a total call value of 0  versus a total put value of  4,101,412,000,000 Combined total value = 4,101,412,000,000

Strike  118500  has a total call value of 0  versus a total put value of  4,071,338,000,000 Combined total value = 4,071,338,000,000

Strike  118600  has a total call value of 0  versus a total put value of  4,041,264,000,000 Combined total value = 4,041,264,000,000

Strike  118700  has a total call value of 0  versus a total put value of  4,011,190,000,000 Combined total value = 4,011,190,000,000

Strike  118800  has a total call value of 0  versus a total put value of  3,981,116,000,000 Combined total value = 3,981,116,000,000

Strike  118900  has a total call value of 0  versus a total put value of  3,951,042,000,000 Combined total value = 3,951,042,000,000

Strike  119000  has a total call value of 0  versus a total put value of  3,920,968,000,000 Combined total value = 3,920,968,000,000

Strike  119100  has a total call value of 0  versus a total put value of  3,890,894,000,000 Combined total value = 3,890,894,000,000

Strike  119200  has a total call value of 0  versus a total put value of  3,860,820,000,000 Combined total value = 3,860,820,000,000

Strike  119300  has a total call value of 0  versus a total put value of  3,830,746,000,000 Combined total value = 3,830,746,000,000

Strike  119400  has a total call value of 0  versus a total put value of  3,800,672,000,000 Combined total value = 3,800,672,000,000

Strike  119500  has a total call value of 0  versus a total put value of  3,770,598,000,000 Combined total value = 3,770,598,000,000

Strike  119600  has a total call value of 0  versus a total put value of  3,740,524,000,000 Combined total value = 3,740,524,000,000

Strike  119700  has a total call value of 0  versus a total put value of  3,710,450,000,000 Combined total value = 3,710,450,000,000

Strike  119800  has a total call value of 0  versus a total put value of  3,680,376,000,000 Combined total value = 3,680,376,000,000

Strike  119900  has a total call value of 0  versus a total put value of  3,650,302,000,000 Combined total value = 3,650,302,000,000

Strike  120000  has a total call value of 0  versus a total put value of  3,620,228,000,000 Combined total value = 3,620,228,000,000

Strike  120100  has a total call value of 0  versus a total put value of  3,591,608,000,000 Combined total value = 3,591,608,000,000

Strike  120200  has a total call value of 0  versus a total put value of  3,562,988,000,000 Combined total value = 3,562,988,000,000

Strike  120300  has a total call value of 0  versus a total put value of  3,534,368,000,000 Combined total value = 3,534,368,000,000

Strike  120400  has a total call value of 0  versus a total put value of  3,505,748,000,000 Combined total value = 3,505,748,000,000

Strike  120500  has a total call value of 0  versus a total put value of  3,477,128,000,000 Combined total value = 3,477,128,000,000

Strike  120600  has a total call value of 0  versus a total put value of  3,448,508,000,000 Combined total value = 3,448,508,000,000

Strike  120700  has a total call value of 0  versus a total put value of  3,419,888,000,000 Combined total value = 3,419,888,000,000

Strike  120800  has a total call value of 0  versus a total put value of  3,391,268,000,000 Combined total value = 3,391,268,000,000

Strike  120900  has a total call value of 0  versus a total put value of  3,362,648,000,000 Combined total value = 3,362,648,000,000

Strike  121000  has a total call value of 0  versus a total put value of  3,334,028,000,000 Combined total value = 3,334,028,000,000

Strike  121100  has a total call value of 8,000,000  versus a total put value of  3,305,422,000,000 Combined total value = 3,305,430,000,000

Strike  121200  has a total call value of 16,000,000  versus a total put value of  3,276,816,000,000 Combined total value = 3,276,832,000,000

Strike  121300  has a total call value of 24,000,000  versus a total put value of  3,248,210,000,000 Combined total value = 3,248,234,000,000

Strike  121400  has a total call value of 32,000,000  versus a total put value of  3,219,604,000,000 Combined total value = 3,219,636,000,000

Strike  121500  has a total call value of 40,000,000  versus a total put value of  3,190,998,000,000 Combined total value = 3,191,038,000,000

Strike  121600  has a total call value of 48,000,000  versus a total put value of  3,162,392,000,000 Combined total value = 3,162,440,000,000

Strike  121700  has a total call value of 56,000,000  versus a total put value of  3,133,786,000,000 Combined total value = 3,133,842,000,000

Strike  121800  has a total call value of 64,000,000  versus a total put value of  3,105,180,000,000 Combined total value = 3,105,244,000,000

Strike  121900  has a total call value of 72,000,000  versus a total put value of  3,076,574,000,000 Combined total value = 3,076,646,000,000

Strike  122000  has a total call value of 80,000,000  versus a total put value of  3,047,968,000,000 Combined total value = 3,048,048,000,000

Strike  122100  has a total call value of 88,000,000  versus a total put value of  3,019,362,000,000 Combined total value = 3,019,450,000,000

Strike  122200  has a total call value of 96,000,000  versus a total put value of  2,990,756,000,000 Combined total value = 2,990,852,000,000

Strike  122300  has a total call value of 104,000,000  versus a total put value of  2,962,150,000,000 Combined total value = 2,962,254,000,000

Strike  122400  has a total call value of 112,000,000  versus a total put value of  2,933,544,000,000 Combined total value = 2,933,656,000,000

Strike  122500  has a total call value of 120,000,000  versus a total put value of  2,904,938,000,000 Combined total value = 2,905,058,000,000

Strike  122600  has a total call value of 128,000,000  versus a total put value of  2,876,332,000,000 Combined total value = 2,876,460,000,000

Strike  122700  has a total call value of 136,000,000  versus a total put value of  2,847,726,000,000 Combined total value = 2,847,862,000,000

Strike  122800  has a total call value of 144,000,000  versus a total put value of  2,819,120,000,000 Combined total value = 2,819,264,000,000

Strike  122900  has a total call value of 152,000,000  versus a total put value of  2,790,514,000,000 Combined total value = 2,790,666,000,000

Strike  123000  has a total call value of 160,000,000  versus a total put value of  2,761,908,000,000 Combined total value = 2,762,068,000,000

Strike  123100  has a total call value of 168,000,000  versus a total put value of  2,733,302,000,000 Combined total value = 2,733,470,000,000

Strike  123200  has a total call value of 176,000,000  versus a total put value of  2,704,696,000,000 Combined total value = 2,704,872,000,000

Strike  123300  has a total call value of 184,000,000  versus a total put value of  2,676,090,000,000 Combined total value = 2,676,274,000,000

Strike  123400  has a total call value of 192,000,000  versus a total put value of  2,647,484,000,000 Combined total value = 2,647,676,000,000

Strike  123500  has a total call value of 200,000,000  versus a total put value of  2,618,878,000,000 Combined total value = 2,619,078,000,000

Strike  123600  has a total call value of 208,000,000  versus a total put value of  2,590,272,000,000 Combined total value = 2,590,480,000,000

Strike  123700  has a total call value of 216,000,000  versus a total put value of  2,561,666,000,000 Combined total value = 2,561,882,000,000

Strike  123800  has a total call value of 224,000,000  versus a total put value of  2,533,060,000,000 Combined total value = 2,533,284,000,000

Strike  123900  has a total call value of 232,000,000  versus a total put value of  2,504,454,000,000 Combined total value = 2,504,686,000,000

Strike  124000  has a total call value of 240,000,000  versus a total put value of  2,475,848,000,000 Combined total value = 2,476,088,000,000

Strike  124100  has a total call value of 248,000,000  versus a total put value of  2,447,497,000,000 Combined total value = 2,447,745,000,000

Strike  124200  has a total call value of 256,000,000  versus a total put value of  2,419,146,000,000 Combined total value = 2,419,402,000,000

Strike  124300  has a total call value of 264,000,000  versus a total put value of  2,390,795,000,000 Combined total value = 2,391,059,000,000

Strike  124400  has a total call value of 272,000,000  versus a total put value of  2,362,444,000,000 Combined total value = 2,362,716,000,000

Strike  124500  has a total call value of 280,000,000  versus a total put value of  2,334,093,000,000 Combined total value = 2,334,373,000,000

Strike  124600  has a total call value of 288,000,000  versus a total put value of  2,305,742,000,000 Combined total value = 2,306,030,000,000

Strike  124700  has a total call value of 296,000,000  versus a total put value of  2,277,391,000,000 Combined total value = 2,277,687,000,000

Strike  124800  has a total call value of 304,000,000  versus a total put value of  2,249,040,000,000 Combined total value = 2,249,344,000,000

Strike  124900  has a total call value of 312,000,000  versus a total put value of  2,220,689,000,000 Combined total value = 2,221,001,000,000

Strike  125000  has a total call value of 320,000,000  versus a total put value of  2,192,338,000,000 Combined total value = 2,192,658,000,000

Strike  125100  has a total call value of 1,186,000,000  versus a total put value of  2,168,380,000,000 Combined total value = 2,169,566,000,000

Strike  125200  has a total call value of 2,052,000,000  versus a total put value of  2,144,422,000,000 Combined total value = 2,146,474,000,000

Strike  125300  has a total call value of 2,918,000,000  versus a total put value of  2,120,464,000,000 Combined total value = 2,123,382,000,000

Strike  125400  has a total call value of 3,784,000,000  versus a total put value of  2,096,506,000,000 Combined total value = 2,100,290,000,000

Strike  125500  has a total call value of 4,650,000,000  versus a total put value of  2,072,548,000,000 Combined total value = 2,077,198,000,000

Strike  125600  has a total call value of 5,516,000,000  versus a total put value of  2,048,590,000,000 Combined total value = 2,054,106,000,000

Strike  125700  has a total call value of 6,382,000,000  versus a total put value of  2,024,632,000,000 Combined total value = 2,031,014,000,000

Strike  125800  has a total call value of 7,248,000,000  versus a total put value of  2,000,674,000,000 Combined total value = 2,007,922,000,000

Strike  125900  has a total call value of 8,114,000,000  versus a total put value of  1,976,716,000,000 Combined total value = 1,984,830,000,000

Strike  126000  has a total call value of 8,980,000,000  versus a total put value of  1,952,758,000,000 Combined total value = 1,961,738,000,000

Strike  126100  has a total call value of 9,846,000,000  versus a total put value of  1,929,228,000,000 Combined total value = 1,939,074,000,000

Strike  126200  has a total call value of 10,712,000,000  versus a total put value of  1,905,698,000,000 Combined total value = 1,916,410,000,000

Strike  126300  has a total call value of 11,578,000,000  versus a total put value of  1,882,168,000,000 Combined total value = 1,893,746,000,000

Strike  126400  has a total call value of 12,444,000,000  versus a total put value of  1,858,638,000,000 Combined total value = 1,871,082,000,000

Strike  126500  has a total call value of 13,310,000,000  versus a total put value of  1,835,108,000,000 Combined total value = 1,848,418,000,000

Strike  126600  has a total call value of 14,176,000,000  versus a total put value of  1,811,578,000,000 Combined total value = 1,825,754,000,000

Strike  126700  has a total call value of 15,042,000,000  versus a total put value of  1,788,048,000,000 Combined total value = 1,803,090,000,000

Strike  126800  has a total call value of 15,908,000,000  versus a total put value of  1,764,518,000,000 Combined total value = 1,780,426,000,000

Strike  126900  has a total call value of 16,774,000,000  versus a total put value of  1,740,988,000,000 Combined total value = 1,757,762,000,000

Strike  127000  has a total call value of 17,640,000,000  versus a total put value of  1,717,458,000,000 Combined total value = 1,735,098,000,000

Strike  127100  has a total call value of 18,506,000,000  versus a total put value of  1,694,589,000,000 Combined total value = 1,713,095,000,000

Strike  127200  has a total call value of 19,372,000,000  versus a total put value of  1,671,720,000,000 Combined total value = 1,691,092,000,000

Strike  127300  has a total call value of 20,238,000,000  versus a total put value of  1,648,851,000,000 Combined total value = 1,669,089,000,000

Strike  127400  has a total call value of 21,104,000,000  versus a total put value of  1,625,982,000,000 Combined total value = 1,647,086,000,000

Strike  127500  has a total call value of 21,970,000,000  versus a total put value of  1,603,113,000,000 Combined total value = 1,625,083,000,000

Strike  127600  has a total call value of 22,836,000,000  versus a total put value of  1,580,244,000,000 Combined total value = 1,603,080,000,000

Strike  127700  has a total call value of 23,702,000,000  versus a total put value of  1,557,375,000,000 Combined total value = 1,581,077,000,000

Strike  127800  has a total call value of 24,568,000,000  versus a total put value of  1,534,506,000,000 Combined total value = 1,559,074,000,000

Strike  127900  has a total call value of 25,434,000,000  versus a total put value of  1,511,637,000,000 Combined total value = 1,537,071,000,000

Strike  128000  has a total call value of 26,300,000,000  versus a total put value of  1,488,768,000,000 Combined total value = 1,515,068,000,000

Strike  128100  has a total call value of 27,166,000,000  versus a total put value of  1,466,804,000,000 Combined total value = 1,493,970,000,000

Strike  128200  has a total call value of 28,032,000,000  versus a total put value of  1,444,840,000,000 Combined total value = 1,472,872,000,000

Strike  128300  has a total call value of 28,898,000,000  versus a total put value of  1,422,876,000,000 Combined total value = 1,451,774,000,000

Strike  128400  has a total call value of 29,764,000,000  versus a total put value of  1,400,912,000,000 Combined total value = 1,430,676,000,000

Strike  128500  has a total call value of 30,630,000,000  versus a total put value of  1,378,948,000,000 Combined total value = 1,409,578,000,000

Strike  128600  has a total call value of 31,496,000,000  versus a total put value of  1,356,984,000,000 Combined total value = 1,388,480,000,000

Strike  128700  has a total call value of 32,362,000,000  versus a total put value of  1,335,020,000,000 Combined total value = 1,367,382,000,000

Strike  128800  has a total call value of 33,228,000,000  versus a total put value of  1,313,056,000,000 Combined total value = 1,346,284,000,000

Strike  128900  has a total call value of 34,094,000,000  versus a total put value of  1,291,092,000,000 Combined total value = 1,325,186,000,000

Strike  129000  has a total call value of 34,960,000,000  versus a total put value of  1,269,128,000,000 Combined total value = 1,304,088,000,000

Strike  129100  has a total call value of 35,826,000,000  versus a total put value of  1,247,829,000,000 Combined total value = 1,283,655,000,000

Strike  129200  has a total call value of 36,692,000,000  versus a total put value of  1,226,530,000,000 Combined total value = 1,263,222,000,000

Strike  129300  has a total call value of 37,558,000,000  versus a total put value of  1,205,231,000,000 Combined total value = 1,242,789,000,000

Strike  129400  has a total call value of 38,424,000,000  versus a total put value of  1,183,932,000,000 Combined total value = 1,222,356,000,000

Strike  129500  has a total call value of 39,290,000,000  versus a total put value of  1,162,633,000,000 Combined total value = 1,201,923,000,000

Strike  129600  has a total call value of 40,156,000,000  versus a total put value of  1,141,334,000,000 Combined total value = 1,181,490,000,000

Strike  129700  has a total call value of 41,022,000,000  versus a total put value of  1,120,035,000,000 Combined total value = 1,161,057,000,000

Strike  129800  has a total call value of 41,888,000,000  versus a total put value of  1,098,736,000,000 Combined total value = 1,140,624,000,000

Strike  129900  has a total call value of 42,754,000,000  versus a total put value of  1,077,437,000,000 Combined total value = 1,120,191,000,000

Strike  130000  has a total call value of 43,620,000,000  versus a total put value of  1,056,138,000,000 Combined total value = 1,099,758,000,000

Strike  130100  has a total call value of 45,057,000,000  versus a total put value of  1,038,744,000,000 Combined total value = 1,083,801,000,000

Strike  130200  has a total call value of 46,494,000,000  versus a total put value of  1,021,350,000,000 Combined total value = 1,067,844,000,000

Strike  130300  has a total call value of 47,931,000,000  versus a total put value of  1,003,956,000,000 Combined total value = 1,051,887,000,000

Strike  130400  has a total call value of 49,368,000,000  versus a total put value of  986,562,000,000 Combined total value = 1,035,930,000,000

Strike  130500  has a total call value of 50,805,000,000  versus a total put value of  969,168,000,000 Combined total value = 1,019,973,000,000

Strike  130600  has a total call value of 52,242,000,000  versus a total put value of  951,774,000,000 Combined total value = 1,004,016,000,000

Strike  130700  has a total call value of 53,679,000,000  versus a total put value of  934,380,000,000 Combined total value = 988,059,000,000

Strike  130800  has a total call value of 55,116,000,000  versus a total put value of  916,986,000,000 Combined total value = 972,102,000,000

Strike  130900  has a total call value of 56,553,000,000  versus a total put value of  899,592,000,000 Combined total value = 956,145,000,000

Strike  131000  has a total call value of 57,990,000,000  versus a total put value of  882,198,000,000 Combined total value = 940,188,000,000

Strike  131100  has a total call value of 59,427,000,000  versus a total put value of  865,492,000,000 Combined total value = 924,919,000,000

Strike  131200  has a total call value of 60,864,000,000  versus a total put value of  848,786,000,000 Combined total value = 909,650,000,000

Strike  131300  has a total call value of 62,301,000,000  versus a total put value of  832,080,000,000 Combined total value = 894,381,000,000

Strike  131400  has a total call value of 63,738,000,000  versus a total put value of  815,374,000,000 Combined total value = 879,112,000,000

Strike  131500  has a total call value of 65,175,000,000  versus a total put value of  798,668,000,000 Combined total value = 863,843,000,000

Strike  131600  has a total call value of 66,612,000,000  versus a total put value of  781,962,000,000 Combined total value = 848,574,000,000

Strike  131700  has a total call value of 68,049,000,000  versus a total put value of  765,256,000,000 Combined total value = 833,305,000,000

Strike  131800  has a total call value of 69,486,000,000  versus a total put value of  748,550,000,000 Combined total value = 818,036,000,000

Strike  131900  has a total call value of 70,923,000,000  versus a total put value of  731,844,000,000 Combined total value = 802,767,000,000

Strike  132000  has a total call value of 72,360,000,000  versus a total put value of  715,138,000,000 Combined total value = 787,498,000,000

Strike  132100  has a total call value of 74,009,000,000  versus a total put value of  700,106,000,000 Combined total value = 774,115,000,000

Strike  132200  has a total call value of 75,658,000,000  versus a total put value of  685,074,000,000 Combined total value = 760,732,000,000

Strike  132300  has a total call value of 77,307,000,000  versus a total put value of  670,042,000,000 Combined total value = 747,349,000,000

Strike  132400  has a total call value of 78,956,000,000  versus a total put value of  655,010,000,000 Combined total value = 733,966,000,000

Strike  132500  has a total call value of 80,605,000,000  versus a total put value of  639,978,000,000 Combined total value = 720,583,000,000

Strike  132600  has a total call value of 82,254,000,000  versus a total put value of  624,946,000,000 Combined total value = 707,200,000,000

Strike  132700  has a total call value of 83,903,000,000  versus a total put value of  609,914,000,000 Combined total value = 693,817,000,000

Strike  132800  has a total call value of 85,552,000,000  versus a total put value of  594,882,000,000 Combined total value = 680,434,000,000

Strike  132900  has a total call value of 87,201,000,000  versus a total put value of  579,850,000,000 Combined total value = 667,051,000,000

Strike  133000  has a total call value of 88,850,000,000  versus a total put value of  564,818,000,000 Combined total value = 653,668,000,000

Strike  133100  has a total call value of 90,945,000,000  versus a total put value of  551,204,000,000 Combined total value = 642,149,000,000

Strike  133200  has a total call value of 93,040,000,000  versus a total put value of  537,590,000,000 Combined total value = 630,630,000,000

Strike  133300  has a total call value of 95,135,000,000  versus a total put value of  523,976,000,000 Combined total value = 619,111,000,000

Strike  133400  has a total call value of 97,230,000,000  versus a total put value of  510,362,000,000 Combined total value = 607,592,000,000

Strike  133500  has a total call value of 99,325,000,000  versus a total put value of  496,748,000,000 Combined total value = 596,073,000,000

Strike  133600  has a total call value of 101,420,000,000  versus a total put value of  483,134,000,000 Combined total value = 584,554,000,000

Strike  133700  has a total call value of 103,515,000,000  versus a total put value of  469,520,000,000 Combined total value = 573,035,000,000

Strike  133800  has a total call value of 105,610,000,000  versus a total put value of  455,906,000,000 Combined total value = 561,516,000,000

Strike  133900  has a total call value of 107,705,000,000  versus a total put value of  442,292,000,000 Combined total value = 549,997,000,000

Strike  134000  has a total call value of 109,800,000,000  versus a total put value of  428,678,000,000 Combined total value = 538,478,000,000

Strike  134100  has a total call value of 112,170,000,000  versus a total put value of  416,345,000,000 Combined total value = 528,515,000,000

Strike  134200  has a total call value of 114,540,000,000  versus a total put value of  404,012,000,000 Combined total value = 518,552,000,000

Strike  134300  has a total call value of 116,910,000,000  versus a total put value of  391,679,000,000 Combined total value = 508,589,000,000

Strike  134400  has a total call value of 119,280,000,000  versus a total put value of  379,346,000,000 Combined total value = 498,626,000,000

Strike  134500  has a total call value of 121,650,000,000  versus a total put value of  367,013,000,000 Combined total value = 488,663,000,000

Strike  134600  has a total call value of 124,020,000,000  versus a total put value of  354,695,000,000 Combined total value = 478,715,000,000

Strike  134700  has a total call value of 126,390,000,000  versus a total put value of  342,377,000,000 Combined total value = 468,767,000,000

Strike  134800  has a total call value of 128,760,000,000  versus a total put value of  330,059,000,000 Combined total value = 458,819,000,000

Strike  134900  has a total call value of 131,130,000,000  versus a total put value of  317,741,000,000 Combined total value = 448,871,000,000

Strike  135000  has a total call value of 133,500,000,000  versus a total put value of  305,423,000,000 Combined total value = 438,923,000,000

Strike  135100  has a total call value of 137,458,000,000  versus a total put value of  296,069,000,000 Combined total value = 433,527,000,000

Strike  135200  has a total call value of 141,416,000,000  versus a total put value of  286,715,000,000 Combined total value = 428,131,000,000

Strike  135300  has a total call value of 145,374,000,000  versus a total put value of  277,361,000,000 Combined total value = 422,735,000,000

Strike  135400  has a total call value of 149,332,000,000  versus a total put value of  268,007,000,000 Combined total value = 417,339,000,000

Strike  135500  has a total call value of 153,290,000,000  versus a total put value of  258,653,000,000 Combined total value = 411,943,000,000

Strike  135600  has a total call value of 157,272,000,000  versus a total put value of  249,406,000,000 Combined total value = 406,678,000,000

Strike  135700  has a total call value of 161,254,000,000  versus a total put value of  240,159,000,000 Combined total value = 401,413,000,000

Strike  135800  has a total call value of 165,236,000,000  versus a total put value of  230,912,000,000 Combined total value = 396,148,000,000

Strike  135900  has a total call value of 169,218,000,000  versus a total put value of  221,665,000,000 Combined total value = 390,883,000,000

Strike  136000  has a total call value of 173,200,000,000  versus a total put value of  212,418,000,000 Combined total value = 385,618,000,000

Strike  136100  has a total call value of 178,358,000,000  versus a total put value of  204,704,000,000 Combined total value = 383,062,000,000

Strike  136200  has a total call value of 183,516,000,000  versus a total put value of  196,990,000,000 Combined total value = 380,506,000,000

Strike  136300  has a total call value of 188,674,000,000  versus a total put value of  189,276,000,000 Combined total value = 377,950,000,000

Strike  136400  has a total call value of 193,832,000,000  versus a total put value of  181,564,000,000 Combined total value = 375,396,000,000

Strike  136500  has a total call value of 198,990,000,000  versus a total put value of  173,852,000,000 Combined total value = 372,842,000,000

Strike  136600  has a total call value of 204,233,000,000  versus a total put value of  166,496,000,000 Combined total value = 370,729,000,000

Strike  136700  has a total call value of 209,479,000,000  versus a total put value of  159,140,000,000 Combined total value = 368,619,000,000

Strike  136800  has a total call value of 214,726,000,000  versus a total put value of  151,784,000,000 Combined total value = 366,510,000,000

Strike  136900  has a total call value of 219,976,000,000  versus a total put value of  144,428,000,000 Combined total value = 364,404,000,000

Strike  137000  has a total call value of 225,226,000,000  versus a total put value of  137,072,000,000 Combined total value = 362,298,000,000

Strike  137100  has a total call value of 232,762,000,000  versus a total put value of  131,351,000,000 Combined total value = 364,113,000,000

Strike  137200  has a total call value of 240,302,000,000  versus a total put value of  125,630,000,000 Combined total value = 365,932,000,000

Strike  137300  has a total call value of 247,843,000,000  versus a total put value of  119,909,000,000 Combined total value = 367,752,000,000

Strike  137400  has a total call value of 255,384,000,000  versus a total put value of  114,188,000,000 Combined total value = 369,572,000,000

Strike  137500  has a total call value of 262,925,000,000  versus a total put value of  108,467,000,000 Combined total value = 371,392,000,000

Strike  137600  has a total call value of 270,665,000,000  versus a total put value of  102,926,000,000 Combined total value = 373,591,000,000

Strike  137700  has a total call value of 278,405,000,000  versus a total put value of  97,385,000,000 Combined total value = 375,790,000,000

Strike  137800  has a total call value of 286,148,000,000  versus a total put value of  91,845,000,000 Combined total value = 377,993,000,000

Strike  137900  has a total call value of 293,891,000,000  versus a total put value of  86,305,000,000 Combined total value = 380,196,000,000

Strike  138000  has a total call value of 301,634,000,000  versus a total put value of  80,765,000,000 Combined total value = 382,399,000,000

Strike  138100  has a total call value of 313,471,000,000  versus a total put value of  76,875,000,000 Combined total value = 390,346,000,000

Strike  138200  has a total call value of 325,313,000,000  versus a total put value of  72,985,000,000 Combined total value = 398,298,000,000

Strike  138300  has a total call value of 337,155,000,000  versus a total put value of  69,095,000,000 Combined total value = 406,250,000,000

Strike  138400  has a total call value of 348,997,000,000  versus a total put value of  65,205,000,000 Combined total value = 414,202,000,000

Strike  138500  has a total call value of 360,839,000,000  versus a total put value of  61,315,000,000 Combined total value = 422,154,000,000

Strike  138600  has a total call value of 373,046,000,000  versus a total put value of  57,558,000,000 Combined total value = 430,604,000,000

Strike  138700  has a total call value of 385,253,000,000  versus a total put value of  53,801,000,000 Combined total value = 439,054,000,000

Strike  138800  has a total call value of 397,460,000,000  versus a total put value of  50,044,000,000 Combined total value = 447,504,000,000

Strike  138900  has a total call value of 409,667,000,000  versus a total put value of  46,287,000,000 Combined total value = 455,954,000,000

Strike  139000  has a total call value of 421,874,000,000  versus a total put value of  42,530,000,000 Combined total value = 464,404,000,000

Strike  139100  has a total call value of 436,309,000,000  versus a total put value of  39,326,000,000 Combined total value = 475,635,000,000

Strike  139200  has a total call value of 450,744,000,000  versus a total put value of  36,122,000,000 Combined total value = 486,866,000,000

Strike  139300  has a total call value of 465,179,000,000  versus a total put value of  32,918,000,000 Combined total value = 498,097,000,000

Strike  139400  has a total call value of 479,614,000,000  versus a total put value of  29,714,000,000 Combined total value = 509,328,000,000

Strike  139500  has a total call value of 494,049,000,000  versus a total put value of  26,510,000,000 Combined total value = 520,559,000,000

Strike  139600  has a total call value of 508,739,000,000  versus a total put value of  23,306,000,000 Combined total value = 532,045,000,000

Strike  139700  has a total call value of 523,429,000,000  versus a total put value of  20,102,000,000 Combined total value = 543,531,000,000

Strike  139800  has a total call value of 538,119,000,000  versus a total put value of  16,898,000,000 Combined total value = 555,017,000,000

Strike  139900  has a total call value of 552,809,000,000  versus a total put value of  13,694,000,000 Combined total value = 566,503,000,000

Strike  140000  has a total call value of 567,499,000,000  versus a total put value of  10,490,000,000 Combined total value = 577,989,000,000

Strike  140100  has a total call value of 587,364,000,000  versus a total put value of  9,966,000,000 Combined total value = 597,330,000,000

Strike  140200  has a total call value of 607,229,000,000  versus a total put value of  9,442,000,000 Combined total value = 616,671,000,000

Strike  140300  has a total call value of 627,094,000,000  versus a total put value of  8,918,000,000 Combined total value = 636,012,000,000

Strike  140400  has a total call value of 646,959,000,000  versus a total put value of  8,394,000,000 Combined total value = 655,353,000,000

Strike  140500  has a total call value of 666,824,000,000  versus a total put value of  7,870,000,000 Combined total value = 674,694,000,000

Strike  140600  has a total call value of 686,689,000,000  versus a total put value of  7,346,000,000 Combined total value = 694,035,000,000

Strike  140700  has a total call value of 706,554,000,000  versus a total put value of  6,822,000,000 Combined total value = 713,376,000,000

Strike  140800  has a total call value of 726,419,000,000  versus a total put value of  6,298,000,000 Combined total value = 732,717,000,000

Strike  140900  has a total call value of 746,284,000,000  versus a total put value of  5,774,000,000 Combined total value = 752,058,000,000

Strike  141000  has a total call value of 766,149,000,000  versus a total put value of  5,250,000,000 Combined total value = 771,399,000,000

Strike  141100  has a total call value of 787,917,000,000  versus a total put value of  4,945,000,000 Combined total value = 792,862,000,000

Strike  141200  has a total call value of 809,685,000,000  versus a total put value of  4,640,000,000 Combined total value = 814,325,000,000

Strike  141300  has a total call value of 831,453,000,000  versus a total put value of  4,335,000,000 Combined total value = 835,788,000,000

Strike  141400  has a total call value of 853,221,000,000  versus a total put value of  4,030,000,000 Combined total value = 857,251,000,000

Strike  141500  has a total call value of 874,989,000,000  versus a total put value of  3,725,000,000 Combined total value = 878,714,000,000

Strike  141600  has a total call value of 896,813,000,000  versus a total put value of  3,420,000,000 Combined total value = 900,233,000,000

Strike  141700  has a total call value of 918,637,000,000  versus a total put value of  3,115,000,000 Combined total value = 921,752,000,000

Strike  141800  has a total call value of 940,461,000,000  versus a total put value of  2,810,000,000 Combined total value = 943,271,000,000

Strike  141900  has a total call value of 962,285,000,000  versus a total put value of  2,505,000,000 Combined total value = 964,790,000,000

Strike  142000  has a total call value of 984,109,000,000  versus a total put value of  2,200,000,000 Combined total value = 986,309,000,000

Strike  142100  has a total call value of 1,010,357,000,000  versus a total put value of  1,998,000,000 Combined total value = 1,012,355,000,000

Strike  142200  has a total call value of 1,036,605,000,000  versus a total put value of  1,796,000,000 Combined total value = 1,038,401,000,000

Strike  142300  has a total call value of 1,062,853,000,000  versus a total put value of  1,594,000,000 Combined total value = 1,064,447,000,000

Strike  142400  has a total call value of 1,089,101,000,000  versus a total put value of  1,392,000,000 Combined total value = 1,090,493,000,000

Strike  142500  has a total call value of 1,115,349,000,000  versus a total put value of  1,190,000,000 Combined total value = 1,116,539,000,000

Strike  142600  has a total call value of 1,141,600,000,000  versus a total put value of  988,000,000 Combined total value = 1,142,588,000,000

Strike  142700  has a total call value of 1,167,851,000,000  versus a total put value of  786,000,000 Combined total value = 1,168,637,000,000

Strike  142800  has a total call value of 1,194,102,000,000  versus a total put value of  584,000,000 Combined total value = 1,194,686,000,000

Strike  142900  has a total call value of 1,220,353,000,000  versus a total put value of  382,000,000 Combined total value = 1,220,735,000,000

Strike  143000  has a total call value of 1,246,604,000,000  versus a total put value of  180,000,000 Combined total value = 1,246,784,000,000

Strike  143100  has a total call value of 1,275,333,000,000  versus a total put value of  162,000,000 Combined total value = 1,275,495,000,000

Strike  143200  has a total call value of 1,304,062,000,000  versus a total put value of  144,000,000 Combined total value = 1,304,206,000,000

Strike  143300  has a total call value of 1,332,791,000,000  versus a total put value of  126,000,000 Combined total value = 1,332,917,000,000

Strike  143400  has a total call value of 1,361,520,000,000  versus a total put value of  108,000,000 Combined total value = 1,361,628,000,000

Strike  143500  has a total call value of 1,390,249,000,000  versus a total put value of  90,000,000 Combined total value = 1,390,339,000,000

Strike  143600  has a total call value of 1,418,978,000,000  versus a total put value of  72,000,000 Combined total value = 1,419,050,000,000

Strike  143700  has a total call value of 1,447,707,000,000  versus a total put value of  54,000,000 Combined total value = 1,447,761,000,000

Strike  143800  has a total call value of 1,476,436,000,000  versus a total put value of  36,000,000 Combined total value = 1,476,472,000,000

Strike  143900  has a total call value of 1,505,165,000,000  versus a total put value of  18,000,000 Combined total value = 1,505,183,000,000

Strike  144000  has a total call value of 1,533,894,000,000  versus a total put value of  0 Combined total value = 1,533,894,000,000

Strike  144100  has a total call value of 1,565,729,000,000  versus a total put value of  0 Combined total value = 1,565,729,000,000

Strike  144200  has a total call value of 1,597,564,000,000  versus a total put value of  0 Combined total value = 1,597,564,000,000

Strike  144300  has a total call value of 1,629,399,000,000  versus a total put value of  0 Combined total value = 1,629,399,000,000

Strike  144400  has a total call value of 1,661,234,000,000  versus a total put value of  0 Combined total value = 1,661,234,000,000

Strike  144500  has a total call value of 1,693,069,000,000  versus a total put value of  0 Combined total value = 1,693,069,000,000

Strike  144600  has a total call value of 1,725,307,000,000  versus a total put value of  0 Combined total value = 1,725,307,000,000

Strike  144700  has a total call value of 1,757,545,000,000  versus a total put value of  0 Combined total value = 1,757,545,000,000

Strike  144800  has a total call value of 1,789,784,000,000  versus a total put value of  0 Combined total value = 1,789,784,000,000

Strike  144900  has a total call value of 1,822,023,000,000  versus a total put value of  0 Combined total value = 1,822,023,000,000

Max-Pain Table for Stocks
LTP > Max Pain Bearish
LTP < Max Pain Bullish
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:

  1. For each strike price: Calculate the difference between the current stock price and the strike price.
  2. Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
  3. Sum the values: Add together the dollar value for put options and call options at each strike price.
  4. Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
  5. 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.