MCX
Multi Commodity Exchange
Max pain for MCX
10 Jul 2025 04:10 PM IST
Max Pain for MCX is 8500
Strike 6000 has a total call value of 0 versus a total put value of 397,986,250,000 Combined total value = 397,986,250,000
Strike 6100 has a total call value of 0 versus a total put value of 378,792,500,000 Combined total value = 378,792,500,000
Strike 6200 has a total call value of 0 versus a total put value of 359,598,750,000 Combined total value = 359,598,750,000
Strike 6300 has a total call value of 0 versus a total put value of 340,405,000,000 Combined total value = 340,405,000,000
Strike 6400 has a total call value of 0 versus a total put value of 321,237,500,000 Combined total value = 321,237,500,000
Strike 6500 has a total call value of 0 versus a total put value of 302,070,000,000 Combined total value = 302,070,000,000
Strike 6600 has a total call value of 0 versus a total put value of 283,078,750,000 Combined total value = 283,078,750,000
Strike 6700 has a total call value of 0 versus a total put value of 264,123,750,000 Combined total value = 264,123,750,000
Strike 6800 has a total call value of 0 versus a total put value of 245,188,750,000 Combined total value = 245,188,750,000
Strike 6900 has a total call value of 0 versus a total put value of 226,310,000,000 Combined total value = 226,310,000,000
Strike 7000 has a total call value of 0 versus a total put value of 207,527,500,000 Combined total value = 207,527,500,000
Strike 7100 has a total call value of 0 versus a total put value of 189,911,250,000 Combined total value = 189,911,250,000
Strike 7200 has a total call value of 0 versus a total put value of 172,403,750,000 Combined total value = 172,403,750,000
Strike 7300 has a total call value of 0 versus a total put value of 155,265,000,000 Combined total value = 155,265,000,000
Strike 7400 has a total call value of 0 versus a total put value of 138,126,250,000 Combined total value = 138,126,250,000
Strike 7500 has a total call value of 0 versus a total put value of 121,947,500,000 Combined total value = 121,947,500,000
Strike 7600 has a total call value of 576,250,000 versus a total put value of 107,386,250,000 Combined total value = 107,962,500,000
Strike 7700 has a total call value of 1,611,250,000 versus a total put value of 93,571,250,000 Combined total value = 95,182,500,000
Strike 7800 has a total call value of 2,646,250,000 versus a total put value of 80,341,250,000 Combined total value = 82,987,500,000
Strike 7900 has a total call value of 3,877,500,000 versus a total put value of 68,295,000,000 Combined total value = 72,172,500,000
Strike 8000 has a total call value of 5,176,250,000 versus a total put value of 56,782,500,000 Combined total value = 61,958,750,000
Strike 8100 has a total call value of 7,232,500,000 versus a total put value of 47,543,750,000 Combined total value = 54,776,250,000
Strike 8200 has a total call value of 9,455,000,000 versus a total put value of 38,790,000,000 Combined total value = 48,245,000,000
Strike 8300 has a total call value of 11,977,500,000 versus a total put value of 30,837,500,000 Combined total value = 42,815,000,000
Strike 8400 has a total call value of 15,162,500,000 versus a total put value of 23,940,000,000 Combined total value = 39,102,500,000
Strike 8500 has a total call value of 19,068,750,000 versus a total put value of 17,818,750,000 Combined total value = 36,887,500,000
Strike 8600 has a total call value of 24,763,750,000 versus a total put value of 12,967,500,000 Combined total value = 37,731,250,000
Strike 8700 has a total call value of 31,697,500,000 versus a total put value of 9,055,000,000 Combined total value = 40,752,500,000
Strike 8800 has a total call value of 39,746,250,000 versus a total put value of 5,815,000,000 Combined total value = 45,561,250,000
Strike 8900 has a total call value of 49,325,000,000 versus a total put value of 3,268,750,000 Combined total value = 52,593,750,000
Strike 9000 has a total call value of 60,542,500,000 versus a total put value of 1,397,500,000 Combined total value = 61,940,000,000
Strike 9100 has a total call value of 75,986,250,000 versus a total put value of 720,000,000 Combined total value = 76,706,250,000
Strike 9200 has a total call value of 92,928,750,000 versus a total put value of 387,500,000 Combined total value = 93,316,250,000
Strike 9300 has a total call value of 110,972,500,000 versus a total put value of 233,750,000 Combined total value = 111,206,250,000
Strike 9400 has a total call value of 130,050,000,000 versus a total put value of 80,000,000 Combined total value = 130,130,000,000
Strike 9500 has a total call value of 149,868,750,000 versus a total put value of 0 Combined total value = 149,868,750,000
Strike 9600 has a total call value of 171,665,000,000 versus a total put value of 0 Combined total value = 171,665,000,000
Strike 9700 has a total call value of 193,928,750,000 versus a total put value of 0 Combined total value = 193,928,750,000
Strike 9800 has a total call value of 216,703,750,000 versus a total put value of 0 Combined total value = 216,703,750,000
Strike 9900 has a total call value of 240,465,000,000 versus a total put value of 0 Combined total value = 240,465,000,000
Strike 10000 has a total call value of 264,582,500,000 versus a total put value of 0 Combined total value = 264,582,500,000
Strike 10100 has a total call value of 291,205,000,000 versus a total put value of 0 Combined total value = 291,205,000,000
Strike 10200 has a total call value of 317,827,500,000 versus a total put value of 0 Combined total value = 317,827,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1190.1 | 1200 |
| AARTIIND | 448 | 465 |
| ABB | 5893.5 | 6000 |
| ABCAPITAL | 272 | 270 |
| ABFRL | 77.8 | 75 |
| ACC | 2001.5 | 1940 |
| ADANIENSOL | 890 | 880 |
| ADANIENT | 2581 | 2620 |
| ADANIGREEN | 997.6 | 1000 |
| ADANIPORTS | 1442.6 | 1420 |
| ALKEM | 4734.9 | 4800 |
| AMBER | 7753 | 7200 |
| AMBUJACEM | 584 | 600 |
| ANGELONE | 2727.4 | 2800 |
| APLAPOLLO | 1715 | 1740 |
| APOLLOHOSP | 7353 | 7450 |
| ASHOKLEY | 249.8 | 250 |
| ASIANPAINT | 2451.2 | 2400 |
| ASTRAL | 1492.9 | 1500 |
| ATGL | 651.95 | 670 |
| AUBANK | 828.2 | 810 |
| AUROPHARMA | 1129.9 | 1140 |
| AXISBANK | 1164.3 | 1180 |
| BAJAJ-AUTO | 8285 | 8400 |
| BAJAJFINSV | 2037.3 | 2040 |
| BAJFINANCE | 947.65 | 940 |
| BALKRISIND | 2636 | 2580 |
| BANDHANBNK | 178.26 | 180 |
| BANKBARODA | 238.84 | 241.65 |
| BANKINDIA | 114.42 | 115.95 |
| BDL | 1892.8 | 1900 |
| BEL | 413.5 | 420 |
| BHARATFORG | 1224 | 1280 |
| BHARTIARTL | 1964.5 | 1980 |
| BHEL | 261.3 | 260 |
| BIOCON | 372 | 365 |
| BLUESTARCO | 1796.3 | 1800 |
| BOSCHLTD | 36280 | 34500 |
| BPCL | 350.95 | 340 |
| BRITANNIA | 5878 | 5800 |
| BSE | 2466.3 | 2600 |
| BSOFT | 427.95 | 430 |
| CAMS | 4187.9 | 4250 |
| CANBK | 112.39 | 113 |
| CDSL | 1747.2 | 1760 |
| CESC | 178.44 | 175 |
| CGPOWER | 677.35 | 670 |
| CHAMBLFERT | 550.5 | 560 |
| CHOLAFIN | 1546.8 | 1560 |
| CIPLA | 1477.2 | 1500 |
| COALINDIA | 384.05 | 395 |
| COFORGE | 1887.5 | 1880 |
| COLPAL | 2411.3 | 2440 |
| CONCOR | 627.1 | 610 |
| CROMPTON | 343.8 | 350 |
| CUMMINSIND | 3518.9 | 3400 |
| CYIENT | 1293.9 | 1300 |
| DABUR | 521.85 | 505 |
| DALBHARAT | 2171.7 | 2180 |
| DELHIVERY | 415.1 | 400 |
| DIVISLAB | 6844.5 | 6800 |
| DIXON | 15849 | 15000 |
| DLF | 831.55 | 840 |
| DMART | 4157 | 4250 |
| DRREDDY | 1262.6 | 1280 |
| EICHERMOT | 5652 | 5700 |
| ETERNAL | 262.85 | 260 |
| EXIDEIND | 388.95 | 390 |
| FEDERALBNK | 210.98 | 212.5 |
| FORTIS | 773.45 | 780 |
| GAIL | 185.67 | 190 |
| GLENMARK | 1904 | 1800 |
| GMRAIRPORT | 92.13 | 90 |
| GODREJCP | 1286.7 | 1260 |
| GODREJPROP | 2256.2 | 2300 |
| GRANULES | 473.8 | 490 |
| GRASIM | 2774.8 | 2800 |
| HAL | 4915.6 | 5000 |
| HAVELLS | 1531 | 1560 |
| HCLTECH | 1660.1 | 1700 |
| HDFCAMC | 5200 | 5100 |
| HDFCBANK | 2006.2 | 2000 |
| HDFCLIFE | 771.25 | 790 |
| HEROMOTOCO | 4315.8 | 4300 |
| HFCL | 82.15 | 85 |
| HINDALCO | 675.05 | 680 |
| HINDCOPPER | 265 | 265 |
| HINDPETRO | 441.25 | 435 |
| HINDUNILVR | 2408.4 | 2360 |
| HINDZINC | 422.8 | 450 |
| HUDCO | 231.36 | 235 |
| ICICIBANK | 1424 | 1440 |
| ICICIGI | 1994.6 | 2000 |
| ICICIPRULI | 673.05 | 660 |
| IDEA | 7.33 | 7 |
| IDFCFIRSTB | 76.63 | 75 |
| IEX | 206.47 | 200 |
| IGL | 221 | 215 |
| IIFL | 520.9 | 490 |
| INDHOTEL | 743.35 | 760 |
| INDIANB | 631.25 | 633.75 |
| INDIGO | 5841.5 | 5800 |
| INDUSINDBK | 852.85 | 850 |
| INDUSTOWER | 402.2 | 410 |
| INFY | 1615.8 | 1620 |
| INOXWIND | 178.99 | 175 |
| IOC | 152.33 | 150 |
| IRB | 48.33 | 49 |
| IRCTC | 784.2 | 790 |
| IREDA | 169.88 | 170 |
| IRFC | 137.13 | 140 |
| ITC | 416.85 | 420 |
| JINDALSTEL | 944.55 | 950 |
| JIOFIN | 331.65 | 322.5 |
| JSL | 681.8 | 690 |
| JSWENERGY | 530.55 | 510 |
| JSWSTEEL | 1043.3 | 1030 |
| JUBLFOOD | 685.2 | 700 |
| KALYANKJIL | 585.2 | 570 |
| KAYNES | 6164.5 | 6000 |
| KEI | 3696.6 | 3800 |
| KFINTECH | 1291.9 | 1300 |
| KOTAKBANK | 2203.8 | 2200 |
| KPITTECH | 1253.2 | 1260 |
| LAURUSLABS | 793.5 | 760 |
| LICHSGFIN | 605.5 | 610 |
| LICI | 926.55 | 940 |
| LODHA | 1411.8 | 1400 |
| LT | 3574.7 | 3600 |
| LTF | 206.99 | 202.5 |
| LTIM | 5307.5 | 5350 |
| LUPIN | 1894.8 | 1940 |
| M&M | 3162.4 | 3200 |
| M&MFIN | 267.25 | 270 |
| MANAPPURAM | 265.5 | 270 |
| MANKIND | 2544 | 2450 |
| MARICO | 727 | 730 |
| MARUTI | 12650 | 12600 |
| MAXHEALTH | 1251.6 | 1260 |
| MAZDOCK | 3263 | 3300 |
| MCX | 8330 | 8500 |
| MFSL | 1582.8 | 1600 |
| MGL | 1482.2 | 1500 |
| MOTHERSON | 153.53 | 155 |
| MPHASIS | 2861.1 | 2823 |
| MUTHOOTFIN | 2644.8 | 2600 |
| NATIONALUM | 189 | 190 |
| NAUKRI | 1420.1 | 1460 |
| NBCC | 113.97 | 120 |
| NCC | 223.5 | 225 |
| NESTLEIND | 2400.1 | 2420 |
| NHPC | 87.52 | 86 |
| NMDC | 68.69 | 70 |
| NTPC | 341.45 | 340 |
| NYKAA | 216.52 | 207.5 |
| OBEROIRLTY | 1843.1 | 1900 |
| OFSS | 8777 | 9000 |
| OIL | 437.5 | 450 |
| ONGC | 243.09 | 242.5 |
| PAGEIND | 48115 | 48000 |
| PATANJALI | 1663.6 | 1660 |
| PAYTM | 940.55 | 920 |
| PEL | 1163 | 1160 |
| PERSISTENT | 5680.5 | 5800 |
| PETRONET | 305.6 | 310 |
| PFC | 429 | 420 |
| PGEL | 774 | 760 |
| PHOENIXLTD | 1509.6 | 1540 |
| PIDILITIND | 3060 | 3060 |
| PIIND | 4043.7 | 4100 |
| PNB | 109.76 | 110 |
| PNBHOUSING | 1084.3 | 1100 |
| POLICYBZR | 1832.1 | 1840 |
| POLYCAB | 6800 | 6600 |
| POONAWALLA | 467.3 | 460 |
| POWERGRID | 298.95 | 300 |
| PPLPHARMA | 200.64 | 200 |
| PRESTIGE | 1696.5 | 1680 |
| RBLBANK | 255.5 | 245 |
| RECLTD | 397.55 | 400 |
| RELIANCE | 1517.2 | 1510 |
| RVNL | 384.85 | 400 |
| SAIL | 134.9 | 135 |
| SBICARD | 935.2 | 940 |
| SBILIFE | 1810 | 1820 |
| SBIN | 808 | 810 |
| SHREECEM | 31200 | 31000 |
| SHRIRAMFIN | 671.75 | 680 |
| SIEMENS | 3191.6 | 3250 |
| SJVN | 97.61 | 100 |
| SOLARINDS | 15960 | 16500 |
| SONACOMS | 454.65 | 460 |
| SRF | 3259.6 | 3200 |
| SUNPHARMA | 1662.5 | 1680 |
| SUPREMEIND | 4149.2 | 4300 |
| SYNGENE | 634.3 | 650 |
| TATACHEM | 925.25 | 940 |
| TATACOMM | 1753.4 | 1760 |
| TATACONSUM | 1088.9 | 1100 |
| TATAELXSI | 6136 | 6100 |
| TATAMOTORS | 695.6 | 700 |
| TATAPOWER | 399.9 | 405 |
| TATASTEEL | 160.63 | 161.4 |
| TATATECH | 708.75 | 720 |
| TCS | 3382 | 3400 |
| TECHM | 1600.1 | 1640 |
| TIINDIA | 2899.5 | 3000 |
| TITAGARH | 949.8 | 940 |
| TITAN | 3419.8 | 3500 |
| TORNTPHARM | 3339.4 | 3350 |
| TORNTPOWER | 1426.7 | 1460 |
| TRENT | 5431 | 5600 |
| TVSMOTOR | 2830.1 | 2860 |
| ULTRACEMCO | 12516 | 12300 |
| UNIONBANK | 143.86 | 145 |
| UNITDSPR | 1384 | 1420 |
| UNOMINDA | 1098.6 | 1100 |
| UPL | 661.65 | 640 |
| VBL | 459.75 | 460 |
| VEDL | 439.2 | 450 |
| VOLTAS | 1368.9 | 1340 |
| WIPRO | 265.05 | 265 |
| YESBANK | 19.81 | 20 |
| ZYDUSLIFE | 972.95 | 990 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.
