MIDCPNIFTY

Nifty Midcap Select

13978.95 +103.75 (0.75%)

L: 13833.4 H: 13981.55

Max Pain - MIDCPNIFTY

05 Dec 2025 01:21 PM IST

Live

Expiry

Max Pain for MIDCPNIFTY is 14000

Historical data for MIDCPNIFTY-14000-CE

LTP (14000 CE)

220.85 43.95

Open Interest

6893 40

Historical data for MIDCPNIFTY-14000-PE

LTP (14000 PE)

181.6 -68.05

Open Interest

6819 587

Strike 12000 has a total call value of 0 versus a total put value of 971,576,900,000 Combined total value = 971,576,900,000

Strike 12025 has a total call value of 0 versus a total put value of 956,193,350,000 Combined total value = 956,193,350,000

Strike 12050 has a total call value of 0 versus a total put value of 940,809,800,000 Combined total value = 940,809,800,000

Strike 12075 has a total call value of 0 versus a total put value of 925,426,250,000 Combined total value = 925,426,250,000

Strike 12100 has a total call value of 0 versus a total put value of 910,042,700,000 Combined total value = 910,042,700,000

Strike 12125 has a total call value of 0 versus a total put value of 894,659,150,000 Combined total value = 894,659,150,000

Strike 12150 has a total call value of 0 versus a total put value of 879,275,600,000 Combined total value = 879,275,600,000

Strike 12175 has a total call value of 0 versus a total put value of 863,892,050,000 Combined total value = 863,892,050,000

Strike 12200 has a total call value of 0 versus a total put value of 848,508,500,000 Combined total value = 848,508,500,000

Strike 12225 has a total call value of 0 versus a total put value of 833,124,950,000 Combined total value = 833,124,950,000

Strike 12250 has a total call value of 0 versus a total put value of 817,741,400,000 Combined total value = 817,741,400,000

Strike 12275 has a total call value of 0 versus a total put value of 802,357,850,000 Combined total value = 802,357,850,000

Strike 12300 has a total call value of 0 versus a total put value of 786,974,300,000 Combined total value = 786,974,300,000

Strike 12325 has a total call value of 0 versus a total put value of 771,596,000,000 Combined total value = 771,596,000,000

Strike 12350 has a total call value of 0 versus a total put value of 756,217,700,000 Combined total value = 756,217,700,000

Strike 12375 has a total call value of 0 versus a total put value of 740,839,400,000 Combined total value = 740,839,400,000

Strike 12400 has a total call value of 0 versus a total put value of 725,461,100,000 Combined total value = 725,461,100,000

Strike 12425 has a total call value of 0 versus a total put value of 710,082,800,000 Combined total value = 710,082,800,000

Strike 12450 has a total call value of 0 versus a total put value of 694,704,500,000 Combined total value = 694,704,500,000

Strike 12475 has a total call value of 0 versus a total put value of 679,330,400,000 Combined total value = 679,330,400,000

Strike 12500 has a total call value of 0 versus a total put value of 663,959,800,000 Combined total value = 663,959,800,000

Strike 12525 has a total call value of 0 versus a total put value of 648,880,400,000 Combined total value = 648,880,400,000

Strike 12550 has a total call value of 0 versus a total put value of 633,804,500,000 Combined total value = 633,804,500,000

Strike 12575 has a total call value of 0 versus a total put value of 618,732,450,000 Combined total value = 618,732,450,000

Strike 12600 has a total call value of 0 versus a total put value of 603,664,250,000 Combined total value = 603,664,250,000

Strike 12625 has a total call value of 0 versus a total put value of 588,606,900,000 Combined total value = 588,606,900,000

Strike 12650 has a total call value of 0 versus a total put value of 573,549,550,000 Combined total value = 573,549,550,000

Strike 12675 has a total call value of 0 versus a total put value of 558,495,350,000 Combined total value = 558,495,350,000

Strike 12700 has a total call value of 0 versus a total put value of 543,445,000,000 Combined total value = 543,445,000,000

Strike 12725 has a total call value of 0 versus a total put value of 528,418,100,000 Combined total value = 528,418,100,000

Strike 12750 has a total call value of 0 versus a total put value of 513,391,200,000 Combined total value = 513,391,200,000

Strike 12775 has a total call value of 0 versus a total put value of 498,394,750,000 Combined total value = 498,394,750,000

Strike 12800 has a total call value of 0 versus a total put value of 483,400,750,000 Combined total value = 483,400,750,000

Strike 12825 has a total call value of 0 versus a total put value of 468,785,100,000 Combined total value = 468,785,100,000

Strike 12850 has a total call value of 0 versus a total put value of 454,171,200,000 Combined total value = 454,171,200,000

Strike 12875 has a total call value of 0 versus a total put value of 439,574,800,000 Combined total value = 439,574,800,000

Strike 12900 has a total call value of 0 versus a total put value of 424,985,400,000 Combined total value = 424,985,400,000

Strike 12925 has a total call value of 0 versus a total put value of 410,491,200,000 Combined total value = 410,491,200,000

Strike 12950 has a total call value of 0 versus a total put value of 396,011,350,000 Combined total value = 396,011,350,000

Strike 12975 has a total call value of 0 versus a total put value of 381,539,900,000 Combined total value = 381,539,900,000

Strike 13000 has a total call value of 0 versus a total put value of 367,093,300,000 Combined total value = 367,093,300,000

Strike 13025 has a total call value of 77,350,000 versus a total put value of 354,067,700,000 Combined total value = 354,145,050,000

Strike 13050 has a total call value of 154,700,000 versus a total put value of 341,061,700,000 Combined total value = 341,216,400,000

Strike 13075 has a total call value of 232,050,000 versus a total put value of 328,059,550,000 Combined total value = 328,291,600,000

Strike 13100 has a total call value of 309,400,000 versus a total put value of 315,057,400,000 Combined total value = 315,366,800,000

Strike 13125 has a total call value of 386,750,000 versus a total put value of 302,864,100,000 Combined total value = 303,250,850,000

Strike 13150 has a total call value of 464,100,000 versus a total put value of 290,689,000,000 Combined total value = 291,153,100,000

Strike 13175 has a total call value of 541,450,000 versus a total put value of 278,513,900,000 Combined total value = 279,055,350,000

Strike 13200 has a total call value of 618,800,000 versus a total put value of 266,338,800,000 Combined total value = 266,957,600,000

Strike 13225 has a total call value of 696,150,000 versus a total put value of 255,022,950,000 Combined total value = 255,719,100,000

Strike 13250 has a total call value of 773,500,000 versus a total put value of 243,723,200,000 Combined total value = 244,496,700,000

Strike 13275 has a total call value of 850,850,000 versus a total put value of 232,423,450,000 Combined total value = 233,274,300,000

Strike 13300 has a total call value of 928,200,000 versus a total put value of 221,143,300,000 Combined total value = 222,071,500,000

Strike 13325 has a total call value of 1,005,550,000 versus a total put value of 210,799,050,000 Combined total value = 211,804,600,000

Strike 13350 has a total call value of 1,082,900,000 versus a total put value of 200,454,800,000 Combined total value = 201,537,700,000

Strike 13375 has a total call value of 1,160,250,000 versus a total put value of 190,130,150,000 Combined total value = 191,290,400,000

Strike 13400 has a total call value of 1,237,600,000 versus a total put value of 179,847,850,000 Combined total value = 181,085,450,000

Strike 13425 has a total call value of 1,314,950,000 versus a total put value of 170,108,400,000 Combined total value = 171,423,350,000

Strike 13450 has a total call value of 1,392,300,000 versus a total put value of 160,368,950,000 Combined total value = 161,761,250,000

Strike 13475 has a total call value of 1,469,650,000 versus a total put value of 150,629,500,000 Combined total value = 152,099,150,000

Strike 13500 has a total call value of 1,547,000,000 versus a total put value of 140,903,000,000 Combined total value = 142,450,000,000

Strike 13525 has a total call value of 1,903,300,000 versus a total put value of 132,695,150,000 Combined total value = 134,598,450,000

Strike 13550 has a total call value of 2,259,600,000 versus a total put value of 124,506,900,000 Combined total value = 126,766,500,000

Strike 13575 has a total call value of 2,615,900,000 versus a total put value of 116,338,600,000 Combined total value = 118,954,500,000

Strike 13600 has a total call value of 2,972,200,000 versus a total put value of 108,189,900,000 Combined total value = 111,162,100,000

Strike 13625 has a total call value of 3,342,500,000 versus a total put value of 100,912,350,000 Combined total value = 104,254,850,000

Strike 13650 has a total call value of 3,712,800,000 versus a total put value of 93,673,650,000 Combined total value = 97,386,450,000

Strike 13675 has a total call value of 4,083,100,000 versus a total put value of 86,474,500,000 Combined total value = 90,557,600,000

Strike 13700 has a total call value of 4,454,800,000 versus a total put value of 79,284,800,000 Combined total value = 83,739,600,000

Strike 13725 has a total call value of 4,863,250,000 versus a total put value of 72,792,650,000 Combined total value = 77,655,900,000

Strike 13750 has a total call value of 5,279,400,000 versus a total put value of 66,321,850,000 Combined total value = 71,601,250,000

Strike 13775 has a total call value of 5,706,050,000 versus a total put value of 59,897,600,000 Combined total value = 65,603,650,000

Strike 13800 has a total call value of 6,141,450,000 versus a total put value of 53,509,050,000 Combined total value = 59,650,500,000

Strike 13825 has a total call value of 6,846,000,000 versus a total put value of 47,955,250,000 Combined total value = 54,801,250,000

Strike 13850 has a total call value of 7,571,900,000 versus a total put value of 42,459,200,000 Combined total value = 50,031,100,000

Strike 13875 has a total call value of 8,354,850,000 versus a total put value of 37,070,250,000 Combined total value = 45,425,100,000

Strike 13900 has a total call value of 9,192,400,000 versus a total put value of 31,739,750,000 Combined total value = 40,932,150,000

Strike 13925 has a total call value of 10,579,450,000 versus a total put value of 27,190,450,000 Combined total value = 37,769,900,000

Strike 13950 has a total call value of 12,072,900,000 versus a total put value of 22,747,200,000 Combined total value = 34,820,100,000

Strike 13975 has a total call value of 13,750,450,000 versus a total put value of 18,553,850,000 Combined total value = 32,304,300,000

Strike 14000 has a total call value of 15,494,150,000 versus a total put value of 14,408,800,000 Combined total value = 29,902,950,000

Strike 14025 has a total call value of 19,650,400,000 versus a total put value of 12,650,400,000 Combined total value = 32,300,800,000

Strike 14050 has a total call value of 23,894,150,000 versus a total put value of 10,951,150,000 Combined total value = 34,845,300,000

Strike 14075 has a total call value of 28,405,650,000 versus a total put value of 9,343,950,000 Combined total value = 37,749,600,000

Strike 14100 has a total call value of 33,015,150,000 versus a total put value of 7,789,600,000 Combined total value = 40,804,750,000

Strike 14125 has a total call value of 39,569,250,000 versus a total put value of 7,107,100,000 Combined total value = 46,676,350,000

Strike 14150 has a total call value of 46,206,650,000 versus a total put value of 6,461,000,000 Combined total value = 52,667,650,000

Strike 14175 has a total call value of 53,016,250,000 versus a total put value of 5,898,900,000 Combined total value = 58,915,150,000

Strike 14200 has a total call value of 59,862,250,000 versus a total put value of 5,336,800,000 Combined total value = 65,199,050,000

Strike 14225 has a total call value of 67,475,100,000 versus a total put value of 4,944,100,000 Combined total value = 72,419,200,000

Strike 14250 has a total call value of 75,120,150,000 versus a total put value of 4,551,400,000 Combined total value = 79,671,550,000

Strike 14275 has a total call value of 82,889,800,000 versus a total put value of 4,177,950,000 Combined total value = 87,067,750,000

Strike 14300 has a total call value of 90,699,000,000 versus a total put value of 3,817,800,000 Combined total value = 94,516,800,000

Strike 14325 has a total call value of 99,740,550,000 versus a total put value of 3,617,250,000 Combined total value = 103,357,800,000

Strike 14350 has a total call value of 108,820,950,000 versus a total put value of 3,416,700,000 Combined total value = 112,237,650,000

Strike 14375 has a total call value of 118,388,200,000 versus a total put value of 3,216,150,000 Combined total value = 121,604,350,000

Strike 14400 has a total call value of 127,955,450,000 versus a total put value of 3,015,600,000 Combined total value = 130,971,050,000

Strike 14425 has a total call value of 138,434,800,000 versus a total put value of 2,835,700,000 Combined total value = 141,270,500,000

Strike 14450 has a total call value of 148,958,600,000 versus a total put value of 2,655,800,000 Combined total value = 151,614,400,000

Strike 14475 has a total call value of 159,558,700,000 versus a total put value of 2,475,900,000 Combined total value = 162,034,600,000

Strike 14500 has a total call value of 170,173,850,000 versus a total put value of 2,296,000,000 Combined total value = 172,469,850,000

Strike 14525 has a total call value of 182,898,100,000 versus a total put value of 2,181,200,000 Combined total value = 185,079,300,000

Strike 14550 has a total call value of 195,622,350,000 versus a total put value of 2,066,400,000 Combined total value = 197,688,750,000

Strike 14575 has a total call value of 208,346,600,000 versus a total put value of 1,951,600,000 Combined total value = 210,298,200,000

Strike 14600 has a total call value of 221,070,850,000 versus a total put value of 1,836,800,000 Combined total value = 222,907,650,000

Strike 14625 has a total call value of 234,692,850,000 versus a total put value of 1,722,000,000 Combined total value = 236,414,850,000

Strike 14650 has a total call value of 248,314,850,000 versus a total put value of 1,607,200,000 Combined total value = 249,922,050,000

Strike 14675 has a total call value of 262,045,700,000 versus a total put value of 1,492,400,000 Combined total value = 263,538,100,000

Strike 14700 has a total call value of 275,817,150,000 versus a total put value of 1,377,600,000 Combined total value = 277,194,750,000

Strike 14725 has a total call value of 290,508,750,000 versus a total put value of 1,262,800,000 Combined total value = 291,771,550,000

Strike 14750 has a total call value of 305,200,350,000 versus a total put value of 1,148,000,000 Combined total value = 306,348,350,000

Strike 14775 has a total call value of 319,891,950,000 versus a total put value of 1,033,200,000 Combined total value = 320,925,150,000

Strike 14800 has a total call value of 334,583,550,000 versus a total put value of 918,400,000 Combined total value = 335,501,950,000

Strike 14825 has a total call value of 350,629,300,000 versus a total put value of 803,600,000 Combined total value = 351,432,900,000

Strike 14850 has a total call value of 366,675,050,000 versus a total put value of 688,800,000 Combined total value = 367,363,850,000

Strike 14875 has a total call value of 382,720,800,000 versus a total put value of 574,000,000 Combined total value = 383,294,800,000

Strike 14900 has a total call value of 398,766,550,000 versus a total put value of 459,200,000 Combined total value = 399,225,750,000

Strike 14925 has a total call value of 415,071,650,000 versus a total put value of 344,400,000 Combined total value = 415,416,050,000

Strike 14950 has a total call value of 431,376,750,000 versus a total put value of 229,600,000 Combined total value = 431,606,350,000

Strike 14975 has a total call value of 447,681,850,000 versus a total put value of 114,800,000 Combined total value = 447,796,650,000

Strike 15000 has a total call value of 463,986,950,000 versus a total put value of 0 Combined total value = 463,986,950,000

Strike 15025 has a total call value of 482,210,400,000 versus a total put value of 0 Combined total value = 482,210,400,000

Strike 15050 has a total call value of 500,433,850,000 versus a total put value of 0 Combined total value = 500,433,850,000

Strike 15075 has a total call value of 518,657,300,000 versus a total put value of 0 Combined total value = 518,657,300,000

Strike 15100 has a total call value of 536,880,750,000 versus a total put value of 0 Combined total value = 536,880,750,000

Strike 15125 has a total call value of 555,171,400,000 versus a total put value of 0 Combined total value = 555,171,400,000

Strike 15150 has a total call value of 573,462,050,000 versus a total put value of 0 Combined total value = 573,462,050,000

Strike 15175 has a total call value of 591,752,700,000 versus a total put value of 0 Combined total value = 591,752,700,000

Strike 15200 has a total call value of 610,043,350,000 versus a total put value of 0 Combined total value = 610,043,350,000

Strike 15225 has a total call value of 628,339,250,000 versus a total put value of 0 Combined total value = 628,339,250,000

Strike 15250 has a total call value of 646,635,150,000 versus a total put value of 0 Combined total value = 646,635,150,000

Strike 15275 has a total call value of 664,931,050,000 versus a total put value of 0 Combined total value = 664,931,050,000

Strike 15300 has a total call value of 683,226,950,000 versus a total put value of 0 Combined total value = 683,226,950,000

Strike 15325 has a total call value of 701,677,200,000 versus a total put value of 0 Combined total value = 701,677,200,000

Strike 15350 has a total call value of 720,127,450,000 versus a total put value of 0 Combined total value = 720,127,450,000

Strike 15375 has a total call value of 738,577,700,000 versus a total put value of 0 Combined total value = 738,577,700,000

Strike 15400 has a total call value of 757,027,950,000 versus a total put value of 0 Combined total value = 757,027,950,000

Strike 15425 has a total call value of 775,484,150,000 versus a total put value of 0 Combined total value = 775,484,150,000

Strike 15450 has a total call value of 793,940,350,000 versus a total put value of 0 Combined total value = 793,940,350,000

Strike 15475 has a total call value of 812,396,550,000 versus a total put value of 0 Combined total value = 812,396,550,000

Strike 15500 has a total call value of 830,852,750,000 versus a total put value of 0 Combined total value = 830,852,750,000

Strike 15525 has a total call value of 849,514,050,000 versus a total put value of 0 Combined total value = 849,514,050,000

Strike 15550 has a total call value of 868,175,350,000 versus a total put value of 0 Combined total value = 868,175,350,000

Strike 15575 has a total call value of 886,836,650,000 versus a total put value of 0 Combined total value = 886,836,650,000

Strike 15600 has a total call value of 905,497,950,000 versus a total put value of 0 Combined total value = 905,497,950,000

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	1147.9	1140
ABB	5158	5150
ABCAPITAL	356.4	350
ADANIENSOL	970.8	990
ADANIENT	2246.4	2300
ADANIGREEN	1012.3	1020
ADANIPORTS	1510.5	1500
ALKEM	5709.5	5700
AMBER	6393	6800
AMBUJACEM	535	550
ANGELONE	2635.6	2650
APLAPOLLO	1778.1	1760
APOLLOHOSP	7216	7350
ASHOKLEY	160.52	157
ASIANPAINT	2963.5	2920
ASTRAL	1457	1460
AUBANK	958.8	940
AUROPHARMA	1221.5	1220
AXISBANK	1282.9	1280
BAJAJ-AUTO	9098	9100
BAJAJFINSV	2103.7	2080
BAJFINANCE	1055.9	1030
BANDHANBNK	142.55	150
BANKBARODA	291.4	292.5
BANKINDIA	142.84	145
BDL	1519.2	1520
BEL	408.7	410
BHARATFORG	1403.9	1400
BHARTIARTL	2102.6	2100
BHEL	278.75	285
BIOCON	390.75	395
BLUESTARCO	1729	1760
BOSCHLTD	36870	36500
BPCL	360.8	362.5
BRITANNIA	5920	5850
BSE	2805.5	2800
CAMS	767.4	780
CANBK	148.47	150
CDSL	1545.5	1580
CGPOWER	661.35	680
CHOLAFIN	1726	1700
CIPLA	1522	1530
COALINDIA	380.3	380
COFORGE	1985	1860
COLPAL	2152.5	2180
CONCOR	512.75	520
CROMPTON	260.8	270
CUMMINSIND	4467.3	4500
CYIENT	1176.6	1160
DABUR	507.55	515
DALBHARAT	1995.4	2000
DELHIVERY	407.05	420
DIVISLAB	6460	6450
DIXON	13780	14500
DLF	723.95	730
DMART	3937.1	4000
DRREDDY	1280	1270
EICHERMOT	7154	7100
ETERNAL	294.2	305
EXIDEIND	379.2	380
FEDERALBNK	258.8	255
FORTIS	889.1	910
GAIL	170.36	175
GLENMARK	1977.2	1940
GMRAIRPORT	103.22	102
GODREJCP	1130.8	1140
GODREJPROP	2088.8	2100
GRASIM	2745.2	2760
HAL	4482	4500
HAVELLS	1429.3	1440
HCLTECH	1684.3	1640
HDFCAMC	2587.3	2650
HDFCBANK	1004.7	1000
HDFCLIFE	770.45	770
HEROMOTOCO	6348	6200
HFCL	68.51	70
HINDALCO	827.95	800
HINDPETRO	451.6	455
HINDUNILVR	2330.9	2360
HINDZINC	500.55	490
HUDCO	220.77	230
ICICIBANK	1391.5	1380
ICICIGI	1979.7	2000
ICICIPRULI	624.7	620
IDEA	10.76	10
IDFCFIRSTB	81.12	80
IEX	145.57	145
IIFL	566.2	570
INDHOTEL	731.5	740
INDIANB	812	830
INDIGO	5454.5	5500
INDUSINDBK	868.65	860
INDUSTOWER	415	410
INFY	1621.3	1600
INOXWIND	128.79	137.5
IOC	163.26	164
IRCTC	675.65	690
IREDA	133.2	140
IRFC	114.2	118
ITC	404.05	405
JINDALSTEL	1007.4	1030
JIOFIN	302.4	310
JSWENERGY	451.85	480
JSWSTEEL	1159.6	1150
JUBLFOOD	590.9	600
KALYANKJIL	490.15	490
KAYNES	4602	5000
KEI	4149.9	4150
KFINTECH	1061.5	1080
KOTAKBANK	2163.6	2120
KPITTECH	1268.5	1240
LAURUSLABS	1028.3	1000
LICHSGFIN	542.05	555
LICI	869.6	900
LODHA	1112.7	1140
LT	4038.7	4020
LTF	305.2	302.5
LTIM	6313.5	6200
LUPIN	2103.4	2080
M&M	3710	3700
MANAPPURAM	277.15	280
MANKIND	2202.8	2250
MARICO	731.75	730
MARUTI	16202	16100
MAXHEALTH	1092.5	1120
MAZDOCK	2624.8	2700
MCX	10285	10100
MFSL	1692.6	1700
MOTHERSON	117.49	115
MPHASIS	2945.4	2900
MUTHOOTFIN	3782	3700
NATIONALUM	273.4	265
NAUKRI	1389	1380
NBCC	111.24	115
NCC	168.3	172.5
NESTLEIND	1238.7	1260
NHPC	76.95	78
NMDC	76.21	75
NTPC	322.8	325
NUVAMA	7116.5	7200
NYKAA	253.8	260
OBEROIRLTY	1677	1660
OFSS	8212	8200
OIL	410.75	415
ONGC	242.99	244
PAGEIND	37350	38000
PATANJALI	541.35	550
PAYTM	1346.4	1320
PERSISTENT	6517	6400
PETRONET	275.95	280
PFC	352.5	365
PGEL	566.6	580
PHOENIXLTD	1740.4	1740
PIDILITIND	1479.8	1480
PIIND	3419.5	3450
PNB	121.21	122
PNBHOUSING	898.15	900
POLICYBZR	1878.3	1860
POLYCAB	7214.5	7400
POWERGRID	269.95	275
POWERINDIA	19355	20500
PPLPHARMA	179.12	185
PRESTIGE	1693.4	1680
RBLBANK	303	310
RECLTD	351.65	360
RELIANCE	1537.6	1540
RVNL	310.45	315
SAIL	133.01	135
SAMMAANCAP	148.29	170
SBICARD	880.8	880
SBILIFE	2045.2	2020
SBIN	963.9	970
SHREECEM	26205	26500
SHRIRAMFIN	853.75	840
SIEMENS	3308.2	3300
SOLARINDS	12808	13250
SONACOMS	491.5	500
SRF	2877.1	2900
SUNPHARMA	1808	1800
SUPREMEIND	3359.7	3450
SUZLON	51.27	54
SYNGENE	636.8	640
TATACONSUM	1161.5	1170
TATAELXSI	5244	5300
TATAMOTORS	0	320
TATAPOWER	384	390
TATASTEEL	167.05	170
TATATECH	667.35	680
TCS	3244.2	3200
TECHM	1579.4	1520
TIINDIA	2670	2850
TITAGARH	791.55	820
TITAN	3816.6	3860
TMPV	354.8	360
TORNTPHARM	3781.5	3750
TORNTPOWER	1286.9	1300
TRENT	4190.5	4300
TVSMOTOR	3660.8	3600
ULTRACEMCO	11593	11700
UNIONBANK	152.87	155
UNITDSPR	1451	1450
UNOMINDA	1269.9	1300
UPL	757.9	760
VBL	478.25	470
VEDL	530	520
VOLTAS	1323	1360
WIPRO	260.1	255
YESBANK	22.58	23
ZYDUSLIFE	933.25	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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