MIDCPNIFTY
Nifty Midcap Select
Max pain for MIDCPNIFTY
02 Jul 2024 10:44 AM IST
Max Pain for MIDCPNIFTY is 12300
Strike 10475 has a total call value of 0 versus a total put value of 802,547,812,500 Combined total value = 802,547,812,500
Strike 10500 has a total call value of 0 versus a total put value of 789,298,312,500 Combined total value = 789,298,312,500
Strike 10525 has a total call value of 0 versus a total put value of 776,055,000,000 Combined total value = 776,055,000,000
Strike 10550 has a total call value of 0 versus a total put value of 762,812,625,000 Combined total value = 762,812,625,000
Strike 10575 has a total call value of 0 versus a total put value of 749,570,250,000 Combined total value = 749,570,250,000
Strike 10600 has a total call value of 0 versus a total put value of 736,327,875,000 Combined total value = 736,327,875,000
Strike 10625 has a total call value of 0 versus a total put value of 723,087,000,000 Combined total value = 723,087,000,000
Strike 10650 has a total call value of 0 versus a total put value of 709,846,125,000 Combined total value = 709,846,125,000
Strike 10675 has a total call value of 0 versus a total put value of 696,605,250,000 Combined total value = 696,605,250,000
Strike 10700 has a total call value of 0 versus a total put value of 683,364,375,000 Combined total value = 683,364,375,000
Strike 10725 has a total call value of 0 versus a total put value of 670,123,500,000 Combined total value = 670,123,500,000
Strike 10750 has a total call value of 0 versus a total put value of 656,882,625,000 Combined total value = 656,882,625,000
Strike 10775 has a total call value of 0 versus a total put value of 643,641,750,000 Combined total value = 643,641,750,000
Strike 10800 has a total call value of 0 versus a total put value of 630,400,875,000 Combined total value = 630,400,875,000
Strike 10825 has a total call value of 0 versus a total put value of 617,160,000,000 Combined total value = 617,160,000,000
Strike 10850 has a total call value of 0 versus a total put value of 603,919,125,000 Combined total value = 603,919,125,000
Strike 10875 has a total call value of 0 versus a total put value of 590,678,250,000 Combined total value = 590,678,250,000
Strike 10900 has a total call value of 0 versus a total put value of 577,437,375,000 Combined total value = 577,437,375,000
Strike 10925 has a total call value of 0 versus a total put value of 564,196,500,000 Combined total value = 564,196,500,000
Strike 10950 has a total call value of 0 versus a total put value of 550,955,625,000 Combined total value = 550,955,625,000
Strike 10975 has a total call value of 0 versus a total put value of 537,714,750,000 Combined total value = 537,714,750,000
Strike 11000 has a total call value of 0 versus a total put value of 524,473,875,000 Combined total value = 524,473,875,000
Strike 11025 has a total call value of 7,500,000 versus a total put value of 511,259,250,000 Combined total value = 511,266,750,000
Strike 11050 has a total call value of 15,000,000 versus a total put value of 498,044,625,000 Combined total value = 498,059,625,000
Strike 11075 has a total call value of 22,500,000 versus a total put value of 484,830,000,000 Combined total value = 484,852,500,000
Strike 11100 has a total call value of 30,000,000 versus a total put value of 471,615,375,000 Combined total value = 471,645,375,000
Strike 11125 has a total call value of 37,500,000 versus a total put value of 458,400,750,000 Combined total value = 458,438,250,000
Strike 11150 has a total call value of 45,000,000 versus a total put value of 445,186,125,000 Combined total value = 445,231,125,000
Strike 11175 has a total call value of 52,500,000 versus a total put value of 431,971,500,000 Combined total value = 432,024,000,000
Strike 11200 has a total call value of 60,000,000 versus a total put value of 418,756,875,000 Combined total value = 418,816,875,000
Strike 11225 has a total call value of 67,500,000 versus a total put value of 405,580,875,000 Combined total value = 405,648,375,000
Strike 11250 has a total call value of 75,000,000 versus a total put value of 392,404,875,000 Combined total value = 392,479,875,000
Strike 11275 has a total call value of 82,500,000 versus a total put value of 379,228,875,000 Combined total value = 379,311,375,000
Strike 11300 has a total call value of 90,000,000 versus a total put value of 366,052,875,000 Combined total value = 366,142,875,000
Strike 11325 has a total call value of 97,500,000 versus a total put value of 352,941,562,500 Combined total value = 353,039,062,500
Strike 11350 has a total call value of 105,000,000 versus a total put value of 339,840,187,500 Combined total value = 339,945,187,500
Strike 11375 has a total call value of 112,500,000 versus a total put value of 326,741,812,500 Combined total value = 326,854,312,500
Strike 11400 has a total call value of 120,000,000 versus a total put value of 313,643,437,500 Combined total value = 313,763,437,500
Strike 11425 has a total call value of 127,500,000 versus a total put value of 300,654,562,500 Combined total value = 300,782,062,500
Strike 11450 has a total call value of 135,000,000 versus a total put value of 287,665,687,500 Combined total value = 287,800,687,500
Strike 11475 has a total call value of 142,500,000 versus a total put value of 274,676,812,500 Combined total value = 274,819,312,500
Strike 11500 has a total call value of 150,000,000 versus a total put value of 261,687,937,500 Combined total value = 261,837,937,500
Strike 11525 has a total call value of 157,500,000 versus a total put value of 249,272,625,000 Combined total value = 249,430,125,000
Strike 11550 has a total call value of 165,000,000 versus a total put value of 236,857,312,500 Combined total value = 237,022,312,500
Strike 11575 has a total call value of 172,500,000 versus a total put value of 224,442,000,000 Combined total value = 224,614,500,000
Strike 11600 has a total call value of 180,000,000 versus a total put value of 212,026,687,500 Combined total value = 212,206,687,500
Strike 11625 has a total call value of 187,500,000 versus a total put value of 200,668,687,500 Combined total value = 200,856,187,500
Strike 11650 has a total call value of 195,000,000 versus a total put value of 189,310,687,500 Combined total value = 189,505,687,500
Strike 11675 has a total call value of 202,500,000 versus a total put value of 178,431,000,000 Combined total value = 178,633,500,000
Strike 11700 has a total call value of 210,000,000 versus a total put value of 167,551,312,500 Combined total value = 167,761,312,500
Strike 11725 has a total call value of 217,875,000 versus a total put value of 157,729,875,000 Combined total value = 157,947,750,000
Strike 11750 has a total call value of 225,750,000 versus a total put value of 147,922,500,000 Combined total value = 148,148,250,000
Strike 11775 has a total call value of 234,750,000 versus a total put value of 138,249,375,000 Combined total value = 138,484,125,000
Strike 11800 has a total call value of 243,750,000 versus a total put value of 128,593,312,500 Combined total value = 128,837,062,500
Strike 11825 has a total call value of 256,312,500 versus a total put value of 120,084,375,000 Combined total value = 120,340,687,500
Strike 11850 has a total call value of 268,875,000 versus a total put value of 111,612,187,500 Combined total value = 111,881,062,500
Strike 11875 has a total call value of 281,812,500 versus a total put value of 103,226,437,500 Combined total value = 103,508,250,000
Strike 11900 has a total call value of 294,750,000 versus a total put value of 94,866,562,500 Combined total value = 95,161,312,500
Strike 11925 has a total call value of 314,437,500 versus a total put value of 86,935,875,000 Combined total value = 87,250,312,500
Strike 11950 has a total call value of 334,312,500 versus a total put value of 79,030,312,500 Combined total value = 79,364,625,000
Strike 11975 has a total call value of 354,187,500 versus a total put value of 71,228,812,500 Combined total value = 71,583,000,000
Strike 12000 has a total call value of 375,000,000 versus a total put value of 63,507,187,500 Combined total value = 63,882,187,500
Strike 12025 has a total call value of 496,875,000 versus a total put value of 57,133,687,500 Combined total value = 57,630,562,500
Strike 12050 has a total call value of 619,125,000 versus a total put value of 50,822,062,500 Combined total value = 51,441,187,500
Strike 12075 has a total call value of 745,125,000 versus a total put value of 44,618,625,000 Combined total value = 45,363,750,000
Strike 12100 has a total call value of 871,312,500 versus a total put value of 38,474,062,500 Combined total value = 39,345,375,000
Strike 12125 has a total call value of 1,048,500,000 versus a total put value of 32,964,187,500 Combined total value = 34,012,687,500
Strike 12150 has a total call value of 1,230,375,000 versus a total put value of 27,510,187,500 Combined total value = 28,740,562,500
Strike 12175 has a total call value of 1,437,937,500 versus a total put value of 22,239,000,000 Combined total value = 23,676,937,500
Strike 12200 has a total call value of 1,664,250,000 versus a total put value of 17,082,187,500 Combined total value = 18,746,437,500
Strike 12225 has a total call value of 2,102,062,500 versus a total put value of 12,860,250,000 Combined total value = 14,962,312,500
Strike 12250 has a total call value of 2,652,375,000 versus a total put value of 8,857,687,500 Combined total value = 11,510,062,500
Strike 12275 has a total call value of 3,491,625,000 versus a total put value of 5,415,937,500 Combined total value = 8,907,562,500
Strike 12300 has a total call value of 4,613,062,500 versus a total put value of 2,504,625,000 Combined total value = 7,117,687,500
Strike 12325 has a total call value of 7,703,812,500 versus a total put value of 1,654,875,000 Combined total value = 9,358,687,500
Strike 12350 has a total call value of 11,128,312,500 versus a total put value of 1,064,250,000 Combined total value = 12,192,562,500
Strike 12375 has a total call value of 15,062,625,000 versus a total put value of 744,750,000 Combined total value = 15,807,375,000
Strike 12400 has a total call value of 19,186,500,000 versus a total put value of 466,687,500 Combined total value = 19,653,187,500
Strike 12425 has a total call value of 23,943,750,000 versus a total put value of 351,375,000 Combined total value = 24,295,125,000
Strike 12450 has a total call value of 28,830,750,000 versus a total put value of 246,750,000 Combined total value = 29,077,500,000
Strike 12475 has a total call value of 33,889,125,000 versus a total put value of 151,687,500 Combined total value = 34,040,812,500
Strike 12500 has a total call value of 39,052,312,500 versus a total put value of 69,750,000 Combined total value = 39,122,062,500
Strike 12525 has a total call value of 44,964,562,500 versus a total put value of 56,250,000 Combined total value = 45,020,812,500
Strike 12550 has a total call value of 51,037,312,500 versus a total put value of 42,750,000 Combined total value = 51,080,062,500
Strike 12575 has a total call value of 57,318,562,500 versus a total put value of 31,312,500 Combined total value = 57,349,875,000
Strike 12600 has a total call value of 63,686,812,500 versus a total put value of 20,250,000 Combined total value = 63,707,062,500
Strike 12625 has a total call value of 70,548,187,500 versus a total put value of 17,437,500 Combined total value = 70,565,625,000
Strike 12650 has a total call value of 77,490,750,000 versus a total put value of 14,625,000 Combined total value = 77,505,375,000
Strike 12675 has a total call value of 84,734,437,500 versus a total put value of 11,812,500 Combined total value = 84,746,250,000
Strike 12700 has a total call value of 92,083,687,500 versus a total put value of 9,000,000 Combined total value = 92,092,687,500
Strike 12725 has a total call value of 100,462,500,000 versus a total put value of 6,187,500 Combined total value = 100,468,687,500
Strike 12750 has a total call value of 108,945,750,000 versus a total put value of 3,375,000 Combined total value = 108,949,125,000
Strike 12775 has a total call value of 118,242,187,500 versus a total put value of 2,062,500 Combined total value = 118,244,250,000
Strike 12800 has a total call value of 127,762,500,000 versus a total put value of 750,000 Combined total value = 127,763,250,000
Strike 12825 has a total call value of 138,216,937,500 versus a total put value of 375,000 Combined total value = 138,217,312,500
Strike 12850 has a total call value of 148,708,125,000 versus a total put value of 0 Combined total value = 148,708,125,000
Strike 12875 has a total call value of 159,378,562,500 versus a total put value of 0 Combined total value = 159,378,562,500
Strike 12900 has a total call value of 170,067,562,500 versus a total put value of 0 Combined total value = 170,067,562,500
Strike 12925 has a total call value of 181,153,500,000 versus a total put value of 0 Combined total value = 181,153,500,000
Strike 12950 has a total call value of 192,239,437,500 versus a total put value of 0 Combined total value = 192,239,437,500
Strike 12975 has a total call value of 203,325,375,000 versus a total put value of 0 Combined total value = 203,325,375,000
Strike 13000 has a total call value of 214,411,312,500 versus a total put value of 0 Combined total value = 214,411,312,500
Strike 13025 has a total call value of 226,191,562,500 versus a total put value of 0 Combined total value = 226,191,562,500
Strike 13050 has a total call value of 237,971,812,500 versus a total put value of 0 Combined total value = 237,971,812,500
Strike 13075 has a total call value of 249,752,062,500 versus a total put value of 0 Combined total value = 249,752,062,500
Strike 13100 has a total call value of 261,532,312,500 versus a total put value of 0 Combined total value = 261,532,312,500
Strike 13125 has a total call value of 273,413,062,500 versus a total put value of 0 Combined total value = 273,413,062,500
Strike 13150 has a total call value of 285,293,812,500 versus a total put value of 0 Combined total value = 285,293,812,500
Strike 13175 has a total call value of 297,174,562,500 versus a total put value of 0 Combined total value = 297,174,562,500
Strike 13200 has a total call value of 309,055,312,500 versus a total put value of 0 Combined total value = 309,055,312,500
Strike 13225 has a total call value of 320,974,312,500 versus a total put value of 0 Combined total value = 320,974,312,500
Strike 13250 has a total call value of 332,893,312,500 versus a total put value of 0 Combined total value = 332,893,312,500
Strike 13275 has a total call value of 344,812,312,500 versus a total put value of 0 Combined total value = 344,812,312,500
Strike 13300 has a total call value of 356,731,312,500 versus a total put value of 0 Combined total value = 356,731,312,500
Strike 13325 has a total call value of 368,651,625,000 versus a total put value of 0 Combined total value = 368,651,625,000
Strike 13350 has a total call value of 380,571,937,500 versus a total put value of 0 Combined total value = 380,571,937,500
Strike 13375 has a total call value of 392,492,250,000 versus a total put value of 0 Combined total value = 392,492,250,000
Strike 13400 has a total call value of 404,412,562,500 versus a total put value of 0 Combined total value = 404,412,562,500
Strike 13425 has a total call value of 416,366,812,500 versus a total put value of 0 Combined total value = 416,366,812,500
Strike 13450 has a total call value of 428,321,062,500 versus a total put value of 0 Combined total value = 428,321,062,500
Strike 13475 has a total call value of 440,275,312,500 versus a total put value of 0 Combined total value = 440,275,312,500
Strike 13500 has a total call value of 452,229,562,500 versus a total put value of 0 Combined total value = 452,229,562,500
Strike 13525 has a total call value of 464,206,125,000 versus a total put value of 0 Combined total value = 464,206,125,000
Strike 13550 has a total call value of 476,182,687,500 versus a total put value of 0 Combined total value = 476,182,687,500
Strike 13575 has a total call value of 488,159,250,000 versus a total put value of 0 Combined total value = 488,159,250,000
Strike 13600 has a total call value of 500,135,812,500 versus a total put value of 0 Combined total value = 500,135,812,500
Strike 13625 has a total call value of 512,118,562,500 versus a total put value of 0 Combined total value = 512,118,562,500
Strike 13650 has a total call value of 524,101,312,500 versus a total put value of 0 Combined total value = 524,101,312,500
Strike 13675 has a total call value of 536,084,062,500 versus a total put value of 0 Combined total value = 536,084,062,500
Strike 13700 has a total call value of 548,066,812,500 versus a total put value of 0 Combined total value = 548,066,812,500
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.