MIDCPNIFTY
Nifty Midcap Select
Max pain for MIDCPNIFTY
17 Oct 2024 04:13 PM IST
Max Pain for MIDCPNIFTY is 13025
Strike 11200 has a total call value of 0 versus a total put value of 2,048,633,000,000 Combined total value = 2,048,633,000,000
Strike 11225 has a total call value of 0 versus a total put value of 2,014,664,250,000 Combined total value = 2,014,664,250,000
Strike 11250 has a total call value of 0 versus a total put value of 1,980,695,500,000 Combined total value = 1,980,695,500,000
Strike 11275 has a total call value of 0 versus a total put value of 1,946,726,750,000 Combined total value = 1,946,726,750,000
Strike 11300 has a total call value of 0 versus a total put value of 1,912,758,000,000 Combined total value = 1,912,758,000,000
Strike 11325 has a total call value of 0 versus a total put value of 1,878,824,250,000 Combined total value = 1,878,824,250,000
Strike 11350 has a total call value of 0 versus a total put value of 1,844,890,500,000 Combined total value = 1,844,890,500,000
Strike 11375 has a total call value of 0 versus a total put value of 1,810,956,750,000 Combined total value = 1,810,956,750,000
Strike 11400 has a total call value of 0 versus a total put value of 1,777,023,000,000 Combined total value = 1,777,023,000,000
Strike 11425 has a total call value of 0 versus a total put value of 1,743,115,125,000 Combined total value = 1,743,115,125,000
Strike 11450 has a total call value of 0 versus a total put value of 1,709,207,250,000 Combined total value = 1,709,207,250,000
Strike 11475 has a total call value of 0 versus a total put value of 1,675,299,375,000 Combined total value = 1,675,299,375,000
Strike 11500 has a total call value of 0 versus a total put value of 1,641,391,500,000 Combined total value = 1,641,391,500,000
Strike 11525 has a total call value of 0 versus a total put value of 1,607,531,000,000 Combined total value = 1,607,531,000,000
Strike 11550 has a total call value of 0 versus a total put value of 1,573,670,500,000 Combined total value = 1,573,670,500,000
Strike 11575 has a total call value of 0 versus a total put value of 1,539,810,000,000 Combined total value = 1,539,810,000,000
Strike 11600 has a total call value of 0 versus a total put value of 1,505,949,500,000 Combined total value = 1,505,949,500,000
Strike 11625 has a total call value of 0 versus a total put value of 1,472,143,125,000 Combined total value = 1,472,143,125,000
Strike 11650 has a total call value of 0 versus a total put value of 1,438,336,750,000 Combined total value = 1,438,336,750,000
Strike 11675 has a total call value of 0 versus a total put value of 1,404,530,375,000 Combined total value = 1,404,530,375,000
Strike 11700 has a total call value of 0 versus a total put value of 1,370,724,000,000 Combined total value = 1,370,724,000,000
Strike 11725 has a total call value of 0 versus a total put value of 1,336,961,750,000 Combined total value = 1,336,961,750,000
Strike 11750 has a total call value of 0 versus a total put value of 1,303,199,500,000 Combined total value = 1,303,199,500,000
Strike 11775 has a total call value of 0 versus a total put value of 1,269,437,250,000 Combined total value = 1,269,437,250,000
Strike 11800 has a total call value of 0 versus a total put value of 1,235,675,000,000 Combined total value = 1,235,675,000,000
Strike 11825 has a total call value of 0 versus a total put value of 1,202,000,125,000 Combined total value = 1,202,000,125,000
Strike 11850 has a total call value of 0 versus a total put value of 1,168,325,250,000 Combined total value = 1,168,325,250,000
Strike 11875 has a total call value of 0 versus a total put value of 1,134,650,375,000 Combined total value = 1,134,650,375,000
Strike 11900 has a total call value of 0 versus a total put value of 1,100,975,500,000 Combined total value = 1,100,975,500,000
Strike 11925 has a total call value of 0 versus a total put value of 1,067,329,250,000 Combined total value = 1,067,329,250,000
Strike 11950 has a total call value of 0 versus a total put value of 1,033,683,000,000 Combined total value = 1,033,683,000,000
Strike 11975 has a total call value of 0 versus a total put value of 1,000,036,750,000 Combined total value = 1,000,036,750,000
Strike 12000 has a total call value of 0 versus a total put value of 966,390,625,000 Combined total value = 966,390,625,000
Strike 12025 has a total call value of 0 versus a total put value of 934,075,750,000 Combined total value = 934,075,750,000
Strike 12050 has a total call value of 0 versus a total put value of 901,774,500,000 Combined total value = 901,774,500,000
Strike 12075 has a total call value of 0 versus a total put value of 869,498,375,000 Combined total value = 869,498,375,000
Strike 12100 has a total call value of 0 versus a total put value of 837,227,625,000 Combined total value = 837,227,625,000
Strike 12125 has a total call value of 0 versus a total put value of 805,988,500,000 Combined total value = 805,988,500,000
Strike 12150 has a total call value of 0 versus a total put value of 774,754,875,000 Combined total value = 774,754,875,000
Strike 12175 has a total call value of 0 versus a total put value of 743,585,750,000 Combined total value = 743,585,750,000
Strike 12200 has a total call value of 0 versus a total put value of 712,424,500,000 Combined total value = 712,424,500,000
Strike 12225 has a total call value of 0 versus a total put value of 682,179,500,000 Combined total value = 682,179,500,000
Strike 12250 has a total call value of 0 versus a total put value of 651,941,875,000 Combined total value = 651,941,875,000
Strike 12275 has a total call value of 0 versus a total put value of 621,780,625,000 Combined total value = 621,780,625,000
Strike 12300 has a total call value of 0 versus a total put value of 591,629,250,000 Combined total value = 591,629,250,000
Strike 12325 has a total call value of 0 versus a total put value of 562,804,375,000 Combined total value = 562,804,375,000
Strike 12350 has a total call value of 0 versus a total put value of 534,023,875,000 Combined total value = 534,023,875,000
Strike 12375 has a total call value of 0 versus a total put value of 505,503,750,000 Combined total value = 505,503,750,000
Strike 12400 has a total call value of 0 versus a total put value of 477,060,750,000 Combined total value = 477,060,750,000
Strike 12425 has a total call value of 125,000 versus a total put value of 449,563,625,000 Combined total value = 449,563,750,000
Strike 12450 has a total call value of 250,000 versus a total put value of 422,381,750,000 Combined total value = 422,382,000,000
Strike 12475 has a total call value of 750,000 versus a total put value of 395,378,625,000 Combined total value = 395,379,375,000
Strike 12500 has a total call value of 1,250,000 versus a total put value of 368,584,250,000 Combined total value = 368,585,500,000
Strike 12525 has a total call value of 2,000,000 versus a total put value of 344,260,500,000 Combined total value = 344,262,500,000
Strike 12550 has a total call value of 2,750,000 versus a total put value of 320,118,875,000 Combined total value = 320,121,625,000
Strike 12575 has a total call value of 3,500,000 versus a total put value of 296,365,250,000 Combined total value = 296,368,750,000
Strike 12600 has a total call value of 4,250,000 versus a total put value of 272,791,750,000 Combined total value = 272,796,000,000
Strike 12625 has a total call value of 64,625,000 versus a total put value of 251,726,375,000 Combined total value = 251,791,000,000
Strike 12650 has a total call value of 127,500,000 versus a total put value of 231,039,625,000 Combined total value = 231,167,125,000
Strike 12675 has a total call value of 191,750,000 versus a total put value of 211,368,750,000 Combined total value = 211,560,500,000
Strike 12700 has a total call value of 258,000,000 versus a total put value of 192,031,500,000 Combined total value = 192,289,500,000
Strike 12725 has a total call value of 352,500,000 versus a total put value of 174,443,625,000 Combined total value = 174,796,125,000
Strike 12750 has a total call value of 451,875,000 versus a total put value of 157,244,000,000 Combined total value = 157,695,875,000
Strike 12775 has a total call value of 553,375,000 versus a total put value of 140,825,750,000 Combined total value = 141,379,125,000
Strike 12800 has a total call value of 658,125,000 versus a total put value of 124,742,875,000 Combined total value = 125,401,000,000
Strike 12825 has a total call value of 937,000,000 versus a total put value of 110,863,750,000 Combined total value = 111,800,750,000
Strike 12850 has a total call value of 1,220,750,000 versus a total put value of 97,295,000,000 Combined total value = 98,515,750,000
Strike 12875 has a total call value of 1,534,750,000 versus a total put value of 84,255,000,000 Combined total value = 85,789,750,000
Strike 12900 has a total call value of 1,873,375,000 versus a total put value of 71,453,500,000 Combined total value = 73,326,875,000
Strike 12925 has a total call value of 2,427,250,000 versus a total put value of 60,247,500,000 Combined total value = 62,674,750,000
Strike 12950 has a total call value of 3,060,250,000 versus a total put value of 49,407,250,000 Combined total value = 52,467,500,000
Strike 12975 has a total call value of 3,913,250,000 versus a total put value of 39,129,500,000 Combined total value = 43,042,750,000
Strike 13000 has a total call value of 5,096,625,000 versus a total put value of 29,578,125,000 Combined total value = 34,674,750,000
Strike 13025 has a total call value of 10,661,625,000 versus a total put value of 23,678,875,000 Combined total value = 34,340,500,000
Strike 13050 has a total call value of 17,083,125,000 versus a total put value of 18,268,375,000 Combined total value = 35,351,500,000
Strike 13075 has a total call value of 24,957,250,000 versus a total put value of 13,479,875,000 Combined total value = 38,437,125,000
Strike 13100 has a total call value of 33,570,625,000 versus a total put value of 9,131,000,000 Combined total value = 42,701,625,000
Strike 13125 has a total call value of 45,921,250,000 versus a total put value of 6,629,000,000 Combined total value = 52,550,250,000
Strike 13150 has a total call value of 59,305,250,000 versus a total put value of 4,549,250,000 Combined total value = 63,854,500,000
Strike 13175 has a total call value of 74,808,875,000 versus a total put value of 2,893,375,000 Combined total value = 77,702,250,000
Strike 13200 has a total call value of 91,930,375,000 versus a total put value of 1,535,125,000 Combined total value = 93,465,500,000
Strike 13225 has a total call value of 114,050,250,000 versus a total put value of 1,163,750,000 Combined total value = 115,214,000,000
Strike 13250 has a total call value of 137,110,500,000 versus a total put value of 846,125,000 Combined total value = 137,956,625,000
Strike 13275 has a total call value of 161,686,875,000 versus a total put value of 612,375,000 Combined total value = 162,299,250,000
Strike 13300 has a total call value of 187,206,375,000 versus a total put value of 412,625,000 Combined total value = 187,619,000,000
Strike 13325 has a total call value of 215,349,750,000 versus a total put value of 314,875,000 Combined total value = 215,664,625,000
Strike 13350 has a total call value of 243,936,000,000 versus a total put value of 235,750,000 Combined total value = 244,171,750,000
Strike 13375 has a total call value of 274,021,250,000 versus a total put value of 178,125,000 Combined total value = 274,199,375,000
Strike 13400 has a total call value of 304,489,500,000 versus a total put value of 126,375,000 Combined total value = 304,615,875,000
Strike 13425 has a total call value of 336,589,375,000 versus a total put value of 92,875,000 Combined total value = 336,682,250,000
Strike 13450 has a total call value of 369,232,875,000 versus a total put value of 63,625,000 Combined total value = 369,296,500,000
Strike 13475 has a total call value of 402,716,375,000 versus a total put value of 38,625,000 Combined total value = 402,755,000,000
Strike 13500 has a total call value of 436,817,000,000 versus a total put value of 13,625,000 Combined total value = 436,830,625,000
Strike 13525 has a total call value of 475,429,125,000 versus a total put value of 8,875,000 Combined total value = 475,438,000,000
Strike 13550 has a total call value of 514,432,875,000 versus a total put value of 4,500,000 Combined total value = 514,437,375,000
Strike 13575 has a total call value of 554,065,750,000 versus a total put value of 2,250,000 Combined total value = 554,068,000,000
Strike 13600 has a total call value of 593,818,625,000 versus a total put value of 0 Combined total value = 593,818,625,000
Strike 13625 has a total call value of 635,104,000,000 versus a total put value of 0 Combined total value = 635,104,000,000
Strike 13650 has a total call value of 676,571,375,000 versus a total put value of 0 Combined total value = 676,571,375,000
Strike 13675 has a total call value of 718,342,875,000 versus a total put value of 0 Combined total value = 718,342,875,000
Strike 13700 has a total call value of 760,211,250,000 versus a total put value of 0 Combined total value = 760,211,250,000
Strike 13725 has a total call value of 804,278,750,000 versus a total put value of 0 Combined total value = 804,278,750,000
Strike 13750 has a total call value of 848,468,000,000 versus a total put value of 0 Combined total value = 848,468,000,000
Strike 13775 has a total call value of 892,860,750,000 versus a total put value of 0 Combined total value = 892,860,750,000
Strike 13800 has a total call value of 937,323,875,000 versus a total put value of 0 Combined total value = 937,323,875,000
Strike 13825 has a total call value of 983,576,500,000 versus a total put value of 0 Combined total value = 983,576,500,000
Strike 13850 has a total call value of 1,029,906,625,000 versus a total put value of 0 Combined total value = 1,029,906,625,000
Strike 13875 has a total call value of 1,076,456,750,000 versus a total put value of 0 Combined total value = 1,076,456,750,000
Strike 13900 has a total call value of 1,123,025,000,000 versus a total put value of 0 Combined total value = 1,123,025,000,000
Strike 13925 has a total call value of 1,169,938,125,000 versus a total put value of 0 Combined total value = 1,169,938,125,000
Strike 13950 has a total call value of 1,216,857,125,000 versus a total put value of 0 Combined total value = 1,216,857,125,000
Strike 13975 has a total call value of 1,263,800,875,000 versus a total put value of 0 Combined total value = 1,263,800,875,000
Strike 14000 has a total call value of 1,310,744,750,000 versus a total put value of 0 Combined total value = 1,310,744,750,000
Strike 14025 has a total call value of 1,360,798,875,000 versus a total put value of 0 Combined total value = 1,360,798,875,000
Strike 14050 has a total call value of 1,410,871,375,000 versus a total put value of 0 Combined total value = 1,410,871,375,000
Strike 14075 has a total call value of 1,460,956,625,000 versus a total put value of 0 Combined total value = 1,460,956,625,000
Strike 14100 has a total call value of 1,511,063,875,000 versus a total put value of 0 Combined total value = 1,511,063,875,000
Strike 14125 has a total call value of 1,561,323,125,000 versus a total put value of 0 Combined total value = 1,561,323,125,000
Strike 14150 has a total call value of 1,611,582,375,000 versus a total put value of 0 Combined total value = 1,611,582,375,000
Strike 14175 has a total call value of 1,661,841,625,000 versus a total put value of 0 Combined total value = 1,661,841,625,000
Strike 14200 has a total call value of 1,712,100,875,000 versus a total put value of 0 Combined total value = 1,712,100,875,000
Strike 14225 has a total call value of 1,762,426,625,000 versus a total put value of 0 Combined total value = 1,762,426,625,000
Strike 14250 has a total call value of 1,812,752,375,000 versus a total put value of 0 Combined total value = 1,812,752,375,000
Strike 14275 has a total call value of 1,863,078,125,000 versus a total put value of 0 Combined total value = 1,863,078,125,000
Strike 14300 has a total call value of 1,913,403,875,000 versus a total put value of 0 Combined total value = 1,913,403,875,000
Strike 14325 has a total call value of 1,963,783,125,000 versus a total put value of 0 Combined total value = 1,963,783,125,000
Strike 14350 has a total call value of 2,014,162,375,000 versus a total put value of 0 Combined total value = 2,014,162,375,000
Strike 14375 has a total call value of 2,064,541,625,000 versus a total put value of 0 Combined total value = 2,064,541,625,000
Strike 14400 has a total call value of 2,114,920,875,000 versus a total put value of 0 Combined total value = 2,114,920,875,000
Strike 14425 has a total call value of 2,165,336,375,000 versus a total put value of 0 Combined total value = 2,165,336,375,000
Strike 14450 has a total call value of 2,215,751,875,000 versus a total put value of 0 Combined total value = 2,215,751,875,000
Strike 14475 has a total call value of 2,266,167,375,000 versus a total put value of 0 Combined total value = 2,266,167,375,000
Strike 14500 has a total call value of 2,316,582,875,000 versus a total put value of 0 Combined total value = 2,316,582,875,000
Strike 14525 has a total call value of 2,367,171,875,000 versus a total put value of 0 Combined total value = 2,367,171,875,000
Strike 14550 has a total call value of 2,417,760,875,000 versus a total put value of 0 Combined total value = 2,417,760,875,000
Strike 14575 has a total call value of 2,468,349,875,000 versus a total put value of 0 Combined total value = 2,468,349,875,000
Strike 14600 has a total call value of 2,518,938,875,000 versus a total put value of 0 Combined total value = 2,518,938,875,000
Strike 14625 has a total call value of 2,569,561,250,000 versus a total put value of 0 Combined total value = 2,569,561,250,000
Strike 14650 has a total call value of 2,620,183,625,000 versus a total put value of 0 Combined total value = 2,620,183,625,000
Strike 14675 has a total call value of 2,670,806,000,000 versus a total put value of 0 Combined total value = 2,670,806,000,000
Strike 14700 has a total call value of 2,721,428,375,000 versus a total put value of 0 Combined total value = 2,721,428,375,000
Strike 14725 has a total call value of 2,772,187,500,000 versus a total put value of 0 Combined total value = 2,772,187,500,000
Strike 14750 has a total call value of 2,822,946,625,000 versus a total put value of 0 Combined total value = 2,822,946,625,000
Strike 14775 has a total call value of 2,873,705,750,000 versus a total put value of 0 Combined total value = 2,873,705,750,000
Strike 14800 has a total call value of 2,924,464,875,000 versus a total put value of 0 Combined total value = 2,924,464,875,000
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.