MIDCPNIFTY
Nifty Midcap Select
Max pain for MIDCPNIFTY
18 Sep 2024 04:13 PM IST
Max Pain for MIDCPNIFTY is 13200
Strike 11200 has a total call value of 0 versus a total put value of 1,552,549,000,000 Combined total value = 1,552,549,000,000
Strike 11225 has a total call value of 0 versus a total put value of 1,528,265,750,000 Combined total value = 1,528,265,750,000
Strike 11250 has a total call value of 0 versus a total put value of 1,503,982,500,000 Combined total value = 1,503,982,500,000
Strike 11275 has a total call value of 0 versus a total put value of 1,479,699,250,000 Combined total value = 1,479,699,250,000
Strike 11300 has a total call value of 0 versus a total put value of 1,455,416,000,000 Combined total value = 1,455,416,000,000
Strike 11325 has a total call value of 0 versus a total put value of 1,431,231,250,000 Combined total value = 1,431,231,250,000
Strike 11350 has a total call value of 0 versus a total put value of 1,407,046,500,000 Combined total value = 1,407,046,500,000
Strike 11375 has a total call value of 0 versus a total put value of 1,382,861,750,000 Combined total value = 1,382,861,750,000
Strike 11400 has a total call value of 0 versus a total put value of 1,358,677,000,000 Combined total value = 1,358,677,000,000
Strike 11425 has a total call value of 0 versus a total put value of 1,334,610,000,000 Combined total value = 1,334,610,000,000
Strike 11450 has a total call value of 0 versus a total put value of 1,310,543,000,000 Combined total value = 1,310,543,000,000
Strike 11475 has a total call value of 0 versus a total put value of 1,286,476,000,000 Combined total value = 1,286,476,000,000
Strike 11500 has a total call value of 0 versus a total put value of 1,262,409,000,000 Combined total value = 1,262,409,000,000
Strike 11525 has a total call value of 0 versus a total put value of 1,239,434,000,000 Combined total value = 1,239,434,000,000
Strike 11550 has a total call value of 0 versus a total put value of 1,216,459,000,000 Combined total value = 1,216,459,000,000
Strike 11575 has a total call value of 0 versus a total put value of 1,193,484,000,000 Combined total value = 1,193,484,000,000
Strike 11600 has a total call value of 0 versus a total put value of 1,170,509,000,000 Combined total value = 1,170,509,000,000
Strike 11625 has a total call value of 0 versus a total put value of 1,147,538,500,000 Combined total value = 1,147,538,500,000
Strike 11650 has a total call value of 0 versus a total put value of 1,124,568,000,000 Combined total value = 1,124,568,000,000
Strike 11675 has a total call value of 0 versus a total put value of 1,101,597,500,000 Combined total value = 1,101,597,500,000
Strike 11700 has a total call value of 0 versus a total put value of 1,078,627,000,000 Combined total value = 1,078,627,000,000
Strike 11725 has a total call value of 0 versus a total put value of 1,055,779,125,000 Combined total value = 1,055,779,125,000
Strike 11750 has a total call value of 0 versus a total put value of 1,032,931,250,000 Combined total value = 1,032,931,250,000
Strike 11775 has a total call value of 0 versus a total put value of 1,010,083,375,000 Combined total value = 1,010,083,375,000
Strike 11800 has a total call value of 0 versus a total put value of 987,235,500,000 Combined total value = 987,235,500,000
Strike 11825 has a total call value of 0 versus a total put value of 964,433,250,000 Combined total value = 964,433,250,000
Strike 11850 has a total call value of 0 versus a total put value of 941,631,000,000 Combined total value = 941,631,000,000
Strike 11875 has a total call value of 0 versus a total put value of 918,828,750,000 Combined total value = 918,828,750,000
Strike 11900 has a total call value of 0 versus a total put value of 896,026,500,000 Combined total value = 896,026,500,000
Strike 11925 has a total call value of 0 versus a total put value of 873,317,500,000 Combined total value = 873,317,500,000
Strike 11950 has a total call value of 0 versus a total put value of 850,608,500,000 Combined total value = 850,608,500,000
Strike 11975 has a total call value of 0 versus a total put value of 827,899,500,000 Combined total value = 827,899,500,000
Strike 12000 has a total call value of 0 versus a total put value of 805,195,750,000 Combined total value = 805,195,750,000
Strike 12025 has a total call value of 0 versus a total put value of 783,481,875,000 Combined total value = 783,481,875,000
Strike 12050 has a total call value of 0 versus a total put value of 761,779,375,000 Combined total value = 761,779,375,000
Strike 12075 has a total call value of 0 versus a total put value of 740,095,000,000 Combined total value = 740,095,000,000
Strike 12100 has a total call value of 0 versus a total put value of 718,419,625,000 Combined total value = 718,419,625,000
Strike 12125 has a total call value of 0 versus a total put value of 696,883,500,000 Combined total value = 696,883,500,000
Strike 12150 has a total call value of 0 versus a total put value of 675,352,000,000 Combined total value = 675,352,000,000
Strike 12175 has a total call value of 0 versus a total put value of 653,846,750,000 Combined total value = 653,846,750,000
Strike 12200 has a total call value of 0 versus a total put value of 632,386,000,000 Combined total value = 632,386,000,000
Strike 12225 has a total call value of 0 versus a total put value of 611,272,250,000 Combined total value = 611,272,250,000
Strike 12250 has a total call value of 0 versus a total put value of 590,167,000,000 Combined total value = 590,167,000,000
Strike 12275 has a total call value of 0 versus a total put value of 569,078,875,000 Combined total value = 569,078,875,000
Strike 12300 has a total call value of 0 versus a total put value of 547,999,625,000 Combined total value = 547,999,625,000
Strike 12325 has a total call value of 0 versus a total put value of 527,364,250,000 Combined total value = 527,364,250,000
Strike 12350 has a total call value of 0 versus a total put value of 506,741,375,000 Combined total value = 506,741,375,000
Strike 12375 has a total call value of 0 versus a total put value of 486,150,750,000 Combined total value = 486,150,750,000
Strike 12400 has a total call value of 0 versus a total put value of 465,581,625,000 Combined total value = 465,581,625,000
Strike 12425 has a total call value of 0 versus a total put value of 445,563,125,000 Combined total value = 445,563,125,000
Strike 12450 has a total call value of 0 versus a total put value of 425,569,375,000 Combined total value = 425,569,375,000
Strike 12475 has a total call value of 0 versus a total put value of 405,676,250,000 Combined total value = 405,676,250,000
Strike 12500 has a total call value of 0 versus a total put value of 385,833,375,000 Combined total value = 385,833,375,000
Strike 12525 has a total call value of 10,375,000 versus a total put value of 367,875,125,000 Combined total value = 367,885,500,000
Strike 12550 has a total call value of 20,750,000 versus a total put value of 349,964,250,000 Combined total value = 349,985,000,000
Strike 12575 has a total call value of 31,125,000 versus a total put value of 332,122,250,000 Combined total value = 332,153,375,000
Strike 12600 has a total call value of 41,625,000 versus a total put value of 314,328,000,000 Combined total value = 314,369,625,000
Strike 12625 has a total call value of 52,125,000 versus a total put value of 296,897,500,000 Combined total value = 296,949,625,000
Strike 12650 has a total call value of 62,750,000 versus a total put value of 279,517,125,000 Combined total value = 279,579,875,000
Strike 12675 has a total call value of 73,375,000 versus a total put value of 262,854,125,000 Combined total value = 262,927,500,000
Strike 12700 has a total call value of 84,000,000 versus a total put value of 246,267,875,000 Combined total value = 246,351,875,000
Strike 12725 has a total call value of 103,250,000 versus a total put value of 230,990,500,000 Combined total value = 231,093,750,000
Strike 12750 has a total call value of 122,500,000 versus a total put value of 215,772,750,000 Combined total value = 215,895,250,000
Strike 12775 has a total call value of 142,000,000 versus a total put value of 201,127,625,000 Combined total value = 201,269,625,000
Strike 12800 has a total call value of 162,125,000 versus a total put value of 186,625,875,000 Combined total value = 186,788,000,000
Strike 12825 has a total call value of 254,250,000 versus a total put value of 173,594,500,000 Combined total value = 173,848,750,000
Strike 12850 has a total call value of 347,125,000 versus a total put value of 160,634,625,000 Combined total value = 160,981,750,000
Strike 12875 has a total call value of 446,750,000 versus a total put value of 147,919,375,000 Combined total value = 148,366,125,000
Strike 12900 has a total call value of 551,875,000 versus a total put value of 135,305,500,000 Combined total value = 135,857,375,000
Strike 12925 has a total call value of 736,000,000 versus a total put value of 123,250,250,000 Combined total value = 123,986,250,000
Strike 12950 has a total call value of 933,500,000 versus a total put value of 111,259,625,000 Combined total value = 112,193,125,000
Strike 12975 has a total call value of 1,159,625,000 versus a total put value of 99,575,000,000 Combined total value = 100,734,625,000
Strike 13000 has a total call value of 1,410,500,000 versus a total put value of 88,040,625,000 Combined total value = 89,451,125,000
Strike 13025 has a total call value of 1,975,875,000 versus a total put value of 77,993,000,000 Combined total value = 79,968,875,000
Strike 13050 has a total call value of 2,629,250,000 versus a total put value of 68,211,750,000 Combined total value = 70,841,000,000
Strike 13075 has a total call value of 3,401,250,000 versus a total put value of 58,810,125,000 Combined total value = 62,211,375,000
Strike 13100 has a total call value of 4,475,125,000 versus a total put value of 49,737,750,000 Combined total value = 54,212,875,000
Strike 13125 has a total call value of 6,823,125,000 versus a total put value of 41,853,500,000 Combined total value = 48,676,625,000
Strike 13150 has a total call value of 9,665,875,000 versus a total put value of 34,393,250,000 Combined total value = 44,059,125,000
Strike 13175 has a total call value of 13,366,125,000 versus a total put value of 27,536,500,000 Combined total value = 40,902,625,000
Strike 13200 has a total call value of 17,723,750,000 versus a total put value of 21,148,500,000 Combined total value = 38,872,250,000
Strike 13225 has a total call value of 25,143,875,000 versus a total put value of 16,300,625,000 Combined total value = 41,444,500,000
Strike 13250 has a total call value of 33,580,625,000 versus a total put value of 11,895,625,000 Combined total value = 45,476,250,000
Strike 13275 has a total call value of 44,014,875,000 versus a total put value of 8,365,875,000 Combined total value = 52,380,750,000
Strike 13300 has a total call value of 55,381,875,000 versus a total put value of 5,230,125,000 Combined total value = 60,612,000,000
Strike 13325 has a total call value of 70,123,500,000 versus a total put value of 3,773,750,000 Combined total value = 73,897,250,000
Strike 13350 has a total call value of 85,621,750,000 versus a total put value of 2,554,250,000 Combined total value = 88,176,000,000
Strike 13375 has a total call value of 102,409,375,000 versus a total put value of 1,886,750,000 Combined total value = 104,296,125,000
Strike 13400 has a total call value of 119,751,000,000 versus a total put value of 1,331,625,000 Combined total value = 121,082,625,000
Strike 13425 has a total call value of 138,780,125,000 versus a total put value of 1,004,125,000 Combined total value = 139,784,250,000
Strike 13450 has a total call value of 158,106,125,000 versus a total put value of 703,000,000 Combined total value = 158,809,125,000
Strike 13475 has a total call value of 178,041,000,000 versus a total put value of 429,250,000 Combined total value = 178,470,250,000
Strike 13500 has a total call value of 198,400,750,000 versus a total put value of 161,750,000 Combined total value = 198,562,500,000
Strike 13525 has a total call value of 221,302,250,000 versus a total put value of 125,125,000 Combined total value = 221,427,375,000
Strike 13550 has a total call value of 244,740,250,000 versus a total put value of 94,875,000 Combined total value = 244,835,125,000
Strike 13575 has a total call value of 268,687,375,000 versus a total put value of 72,625,000 Combined total value = 268,760,000,000
Strike 13600 has a total call value of 292,808,875,000 versus a total put value of 51,125,000 Combined total value = 292,860,000,000
Strike 13625 has a total call value of 318,181,250,000 versus a total put value of 34,625,000 Combined total value = 318,215,875,000
Strike 13650 has a total call value of 343,727,750,000 versus a total put value of 21,000,000 Combined total value = 343,748,750,000
Strike 13675 has a total call value of 369,881,250,000 versus a total put value of 9,625,000 Combined total value = 369,890,875,000
Strike 13700 has a total call value of 396,222,625,000 versus a total put value of 0 Combined total value = 396,222,625,000
Strike 13725 has a total call value of 424,558,875,000 versus a total put value of 0 Combined total value = 424,558,875,000
Strike 13750 has a total call value of 453,082,000,000 versus a total put value of 0 Combined total value = 453,082,000,000
Strike 13775 has a total call value of 481,854,000,000 versus a total put value of 0 Combined total value = 481,854,000,000
Strike 13800 has a total call value of 510,687,375,000 versus a total put value of 0 Combined total value = 510,687,375,000
Strike 13825 has a total call value of 540,755,500,000 versus a total put value of 0 Combined total value = 540,755,500,000
Strike 13850 has a total call value of 570,897,500,000 versus a total put value of 0 Combined total value = 570,897,500,000
Strike 13875 has a total call value of 601,150,125,000 versus a total put value of 0 Combined total value = 601,150,125,000
Strike 13900 has a total call value of 631,547,000,000 versus a total put value of 0 Combined total value = 631,547,000,000
Strike 13925 has a total call value of 662,779,875,000 versus a total put value of 0 Combined total value = 662,779,875,000
Strike 13950 has a total call value of 694,058,375,000 versus a total put value of 0 Combined total value = 694,058,375,000
Strike 13975 has a total call value of 725,558,125,000 versus a total put value of 0 Combined total value = 725,558,125,000
Strike 14000 has a total call value of 757,150,500,000 versus a total put value of 0 Combined total value = 757,150,500,000
Strike 14025 has a total call value of 791,808,500,000 versus a total put value of 0 Combined total value = 791,808,500,000
Strike 14050 has a total call value of 826,518,500,000 versus a total put value of 0 Combined total value = 826,518,500,000
Strike 14075 has a total call value of 861,358,625,000 versus a total put value of 0 Combined total value = 861,358,625,000
Strike 14100 has a total call value of 896,226,875,000 versus a total put value of 0 Combined total value = 896,226,875,000
Strike 14125 has a total call value of 931,424,500,000 versus a total put value of 0 Combined total value = 931,424,500,000
Strike 14150 has a total call value of 966,622,125,000 versus a total put value of 0 Combined total value = 966,622,125,000
Strike 14175 has a total call value of 1,001,819,750,000 versus a total put value of 0 Combined total value = 1,001,819,750,000
Strike 14200 has a total call value of 1,037,017,375,000 versus a total put value of 0 Combined total value = 1,037,017,375,000
Strike 14225 has a total call value of 1,072,406,125,000 versus a total put value of 0 Combined total value = 1,072,406,125,000
Strike 14250 has a total call value of 1,107,794,875,000 versus a total put value of 0 Combined total value = 1,107,794,875,000
Strike 14275 has a total call value of 1,143,183,625,000 versus a total put value of 0 Combined total value = 1,143,183,625,000
Strike 14300 has a total call value of 1,178,572,375,000 versus a total put value of 0 Combined total value = 1,178,572,375,000
Strike 14325 has a total call value of 1,216,558,625,000 versus a total put value of 0 Combined total value = 1,216,558,625,000
Strike 14350 has a total call value of 1,254,544,875,000 versus a total put value of 0 Combined total value = 1,254,544,875,000
Strike 14375 has a total call value of 1,292,531,125,000 versus a total put value of 0 Combined total value = 1,292,531,125,000
Strike 14400 has a total call value of 1,330,517,375,000 versus a total put value of 0 Combined total value = 1,330,517,375,000
Strike 14425 has a total call value of 1,369,024,250,000 versus a total put value of 0 Combined total value = 1,369,024,250,000
Strike 14450 has a total call value of 1,407,531,125,000 versus a total put value of 0 Combined total value = 1,407,531,125,000
Strike 14475 has a total call value of 1,446,038,000,000 versus a total put value of 0 Combined total value = 1,446,038,000,000
Strike 14500 has a total call value of 1,484,544,875,000 versus a total put value of 0 Combined total value = 1,484,544,875,000
Strike 14525 has a total call value of 1,524,379,250,000 versus a total put value of 0 Combined total value = 1,524,379,250,000
Strike 14550 has a total call value of 1,564,213,625,000 versus a total put value of 0 Combined total value = 1,564,213,625,000
Strike 14575 has a total call value of 1,604,048,000,000 versus a total put value of 0 Combined total value = 1,604,048,000,000
Strike 14600 has a total call value of 1,643,882,375,000 versus a total put value of 0 Combined total value = 1,643,882,375,000
Strike 14625 has a total call value of 1,684,051,500,000 versus a total put value of 0 Combined total value = 1,684,051,500,000
Strike 14650 has a total call value of 1,724,220,625,000 versus a total put value of 0 Combined total value = 1,724,220,625,000
Strike 14675 has a total call value of 1,764,389,750,000 versus a total put value of 0 Combined total value = 1,764,389,750,000
Strike 14700 has a total call value of 1,804,558,875,000 versus a total put value of 0 Combined total value = 1,804,558,875,000
Strike 14725 has a total call value of 1,844,923,500,000 versus a total put value of 0 Combined total value = 1,844,923,500,000
Strike 14750 has a total call value of 1,885,288,125,000 versus a total put value of 0 Combined total value = 1,885,288,125,000
Strike 14775 has a total call value of 1,925,652,750,000 versus a total put value of 0 Combined total value = 1,925,652,750,000
Strike 14800 has a total call value of 1,966,017,375,000 versus a total put value of 0 Combined total value = 1,966,017,375,000
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.