MIDCPNIFTY
Nifty Midcap SelectMax Pain - MIDCPNIFTY
Strike 11400 has a total call value of 0 versus a total put value of 1,356,090,400,000 Combined total value = 1,356,090,400,000
Strike 11425 has a total call value of 0 versus a total put value of 1,340,366,650,000 Combined total value = 1,340,366,650,000
Strike 11450 has a total call value of 0 versus a total put value of 1,324,642,900,000 Combined total value = 1,324,642,900,000
Strike 11475 has a total call value of 0 versus a total put value of 1,308,919,150,000 Combined total value = 1,308,919,150,000
Strike 11500 has a total call value of 0 versus a total put value of 1,293,195,400,000 Combined total value = 1,293,195,400,000
Strike 11525 has a total call value of 0 versus a total put value of 1,277,471,650,000 Combined total value = 1,277,471,650,000
Strike 11550 has a total call value of 0 versus a total put value of 1,261,747,900,000 Combined total value = 1,261,747,900,000
Strike 11575 has a total call value of 0 versus a total put value of 1,246,024,150,000 Combined total value = 1,246,024,150,000
Strike 11600 has a total call value of 0 versus a total put value of 1,230,300,400,000 Combined total value = 1,230,300,400,000
Strike 11625 has a total call value of 0 versus a total put value of 1,214,576,650,000 Combined total value = 1,214,576,650,000
Strike 11650 has a total call value of 0 versus a total put value of 1,198,852,900,000 Combined total value = 1,198,852,900,000
Strike 11675 has a total call value of 0 versus a total put value of 1,183,129,150,000 Combined total value = 1,183,129,150,000
Strike 11700 has a total call value of 0 versus a total put value of 1,167,405,400,000 Combined total value = 1,167,405,400,000
Strike 11725 has a total call value of 0 versus a total put value of 1,151,681,650,000 Combined total value = 1,151,681,650,000
Strike 11750 has a total call value of 0 versus a total put value of 1,135,957,900,000 Combined total value = 1,135,957,900,000
Strike 11775 has a total call value of 0 versus a total put value of 1,120,234,150,000 Combined total value = 1,120,234,150,000
Strike 11800 has a total call value of 0 versus a total put value of 1,104,510,400,000 Combined total value = 1,104,510,400,000
Strike 11825 has a total call value of 0 versus a total put value of 1,088,786,650,000 Combined total value = 1,088,786,650,000
Strike 11850 has a total call value of 0 versus a total put value of 1,073,062,900,000 Combined total value = 1,073,062,900,000
Strike 11875 has a total call value of 0 versus a total put value of 1,057,339,150,000 Combined total value = 1,057,339,150,000
Strike 11900 has a total call value of 0 versus a total put value of 1,041,615,400,000 Combined total value = 1,041,615,400,000
Strike 11925 has a total call value of 0 versus a total put value of 1,025,891,650,000 Combined total value = 1,025,891,650,000
Strike 11950 has a total call value of 0 versus a total put value of 1,010,167,900,000 Combined total value = 1,010,167,900,000
Strike 11975 has a total call value of 0 versus a total put value of 994,444,150,000 Combined total value = 994,444,150,000
Strike 12000 has a total call value of 0 versus a total put value of 978,720,400,000 Combined total value = 978,720,400,000
Strike 12025 has a total call value of 0 versus a total put value of 963,226,600,000 Combined total value = 963,226,600,000
Strike 12050 has a total call value of 0 versus a total put value of 947,732,800,000 Combined total value = 947,732,800,000
Strike 12075 has a total call value of 0 versus a total put value of 932,239,000,000 Combined total value = 932,239,000,000
Strike 12100 has a total call value of 0 versus a total put value of 916,750,100,000 Combined total value = 916,750,100,000
Strike 12125 has a total call value of 0 versus a total put value of 901,261,200,000 Combined total value = 901,261,200,000
Strike 12150 has a total call value of 0 versus a total put value of 885,772,300,000 Combined total value = 885,772,300,000
Strike 12175 has a total call value of 0 versus a total put value of 870,283,400,000 Combined total value = 870,283,400,000
Strike 12200 has a total call value of 0 versus a total put value of 854,794,500,000 Combined total value = 854,794,500,000
Strike 12225 has a total call value of 0 versus a total put value of 839,305,600,000 Combined total value = 839,305,600,000
Strike 12250 has a total call value of 0 versus a total put value of 823,816,700,000 Combined total value = 823,816,700,000
Strike 12275 has a total call value of 0 versus a total put value of 808,327,800,000 Combined total value = 808,327,800,000
Strike 12300 has a total call value of 0 versus a total put value of 792,838,900,000 Combined total value = 792,838,900,000
Strike 12325 has a total call value of 0 versus a total put value of 777,355,250,000 Combined total value = 777,355,250,000
Strike 12350 has a total call value of 0 versus a total put value of 761,871,600,000 Combined total value = 761,871,600,000
Strike 12375 has a total call value of 0 versus a total put value of 746,387,950,000 Combined total value = 746,387,950,000
Strike 12400 has a total call value of 0 versus a total put value of 730,904,300,000 Combined total value = 730,904,300,000
Strike 12425 has a total call value of 0 versus a total put value of 715,420,650,000 Combined total value = 715,420,650,000
Strike 12450 has a total call value of 0 versus a total put value of 699,937,000,000 Combined total value = 699,937,000,000
Strike 12475 has a total call value of 0 versus a total put value of 684,456,500,000 Combined total value = 684,456,500,000
Strike 12500 has a total call value of 0 versus a total put value of 668,979,500,000 Combined total value = 668,979,500,000
Strike 12525 has a total call value of 0 versus a total put value of 653,795,100,000 Combined total value = 653,795,100,000
Strike 12550 has a total call value of 0 versus a total put value of 638,614,200,000 Combined total value = 638,614,200,000
Strike 12575 has a total call value of 0 versus a total put value of 623,436,800,000 Combined total value = 623,436,800,000
Strike 12600 has a total call value of 0 versus a total put value of 608,263,250,000 Combined total value = 608,263,250,000
Strike 12625 has a total call value of 0 versus a total put value of 593,100,550,000 Combined total value = 593,100,550,000
Strike 12650 has a total call value of 0 versus a total put value of 577,937,850,000 Combined total value = 577,937,850,000
Strike 12675 has a total call value of 0 versus a total put value of 562,778,300,000 Combined total value = 562,778,300,000
Strike 12700 has a total call value of 0 versus a total put value of 547,622,600,000 Combined total value = 547,622,600,000
Strike 12725 has a total call value of 0 versus a total put value of 532,488,950,000 Combined total value = 532,488,950,000
Strike 12750 has a total call value of 0 versus a total put value of 517,361,950,000 Combined total value = 517,361,950,000
Strike 12775 has a total call value of 0 versus a total put value of 502,262,250,000 Combined total value = 502,262,250,000
Strike 12800 has a total call value of 0 versus a total put value of 487,165,000,000 Combined total value = 487,165,000,000
Strike 12825 has a total call value of 0 versus a total put value of 472,447,150,000 Combined total value = 472,447,150,000
Strike 12850 has a total call value of 0 versus a total put value of 457,730,700,000 Combined total value = 457,730,700,000
Strike 12875 has a total call value of 0 versus a total put value of 443,017,750,000 Combined total value = 443,017,750,000
Strike 12900 has a total call value of 0 versus a total put value of 428,311,800,000 Combined total value = 428,311,800,000
Strike 12925 has a total call value of 0 versus a total put value of 413,685,650,000 Combined total value = 413,685,650,000
Strike 12950 has a total call value of 0 versus a total put value of 399,073,850,000 Combined total value = 399,073,850,000
Strike 12975 has a total call value of 0 versus a total put value of 384,470,450,000 Combined total value = 384,470,450,000
Strike 13000 has a total call value of 0 versus a total put value of 369,892,600,000 Combined total value = 369,892,600,000
Strike 13025 has a total call value of 78,400,000 versus a total put value of 356,734,350,000 Combined total value = 356,812,750,000
Strike 13050 has a total call value of 156,800,000 versus a total put value of 343,596,050,000 Combined total value = 343,752,850,000
Strike 13075 has a total call value of 235,200,000 versus a total put value of 330,461,600,000 Combined total value = 330,696,800,000
Strike 13100 has a total call value of 313,600,000 versus a total put value of 317,327,150,000 Combined total value = 317,640,750,000
Strike 13125 has a total call value of 392,000,000 versus a total put value of 305,028,150,000 Combined total value = 305,420,150,000
Strike 13150 has a total call value of 470,400,000 versus a total put value of 292,749,450,000 Combined total value = 293,219,850,000
Strike 13175 has a total call value of 548,800,000 versus a total put value of 280,470,750,000 Combined total value = 281,019,550,000
Strike 13200 has a total call value of 627,200,000 versus a total put value of 268,192,050,000 Combined total value = 268,819,250,000
Strike 13225 has a total call value of 705,600,000 versus a total put value of 256,756,850,000 Combined total value = 257,462,450,000
Strike 13250 has a total call value of 784,000,000 versus a total put value of 245,340,550,000 Combined total value = 246,124,550,000
Strike 13275 has a total call value of 862,400,000 versus a total put value of 233,924,250,000 Combined total value = 234,786,650,000
Strike 13300 has a total call value of 940,800,000 versus a total put value of 222,531,400,000 Combined total value = 223,472,200,000
Strike 13325 has a total call value of 1,019,200,000 versus a total put value of 212,075,500,000 Combined total value = 213,094,700,000
Strike 13350 has a total call value of 1,097,600,000 versus a total put value of 201,619,600,000 Combined total value = 202,717,200,000
Strike 13375 has a total call value of 1,176,000,000 versus a total put value of 191,182,950,000 Combined total value = 192,358,950,000
Strike 13400 has a total call value of 1,254,400,000 versus a total put value of 180,786,550,000 Combined total value = 182,040,950,000
Strike 13425 has a total call value of 1,332,800,000 versus a total put value of 171,037,650,000 Combined total value = 172,370,450,000
Strike 13450 has a total call value of 1,411,200,000 versus a total put value of 161,288,750,000 Combined total value = 162,699,950,000
Strike 13475 has a total call value of 1,489,600,000 versus a total put value of 151,539,850,000 Combined total value = 153,029,450,000
Strike 13500 has a total call value of 1,568,000,000 versus a total put value of 141,801,800,000 Combined total value = 143,369,800,000
Strike 13525 has a total call value of 1,866,550,000 versus a total put value of 133,567,000,000 Combined total value = 135,433,550,000
Strike 13550 has a total call value of 2,165,100,000 versus a total put value of 125,347,950,000 Combined total value = 127,513,050,000
Strike 13575 has a total call value of 2,463,650,000 versus a total put value of 117,145,350,000 Combined total value = 119,609,000,000
Strike 13600 has a total call value of 2,762,200,000 versus a total put value of 108,961,650,000 Combined total value = 111,723,850,000
Strike 13625 has a total call value of 3,075,100,000 versus a total put value of 101,681,650,000 Combined total value = 104,756,750,000
Strike 13650 has a total call value of 3,388,000,000 versus a total put value of 94,440,150,000 Combined total value = 97,828,150,000
Strike 13675 has a total call value of 3,700,900,000 versus a total put value of 87,235,050,000 Combined total value = 90,935,950,000
Strike 13700 has a total call value of 4,015,200,000 versus a total put value of 80,039,750,000 Combined total value = 84,054,950,000
Strike 13725 has a total call value of 4,365,900,000 versus a total put value of 73,520,300,000 Combined total value = 77,886,200,000
Strike 13750 has a total call value of 4,724,300,000 versus a total put value of 67,023,950,000 Combined total value = 71,748,250,000
Strike 13775 has a total call value of 5,092,850,000 versus a total put value of 60,584,300,000 Combined total value = 65,677,150,000
Strike 13800 has a total call value of 5,470,150,000 versus a total put value of 54,179,300,000 Combined total value = 59,649,450,000
Strike 13825 has a total call value of 6,107,850,000 versus a total put value of 48,594,350,000 Combined total value = 54,702,200,000
Strike 13850 has a total call value of 6,766,900,000 versus a total put value of 43,064,700,000 Combined total value = 49,831,600,000
Strike 13875 has a total call value of 7,479,500,000 versus a total put value of 37,634,450,000 Combined total value = 45,113,950,000
Strike 13900 has a total call value of 8,240,750,000 versus a total put value of 32,265,800,000 Combined total value = 40,506,550,000
Strike 13925 has a total call value of 9,495,500,000 versus a total put value of 27,620,600,000 Combined total value = 37,116,100,000
Strike 13950 has a total call value of 10,847,200,000 versus a total put value of 23,074,100,000 Combined total value = 33,921,300,000
Strike 13975 has a total call value of 12,356,750,000 versus a total put value of 18,762,800,000 Combined total value = 31,119,550,000
Strike 14000 has a total call value of 13,934,550,000 versus a total put value of 14,518,000,000 Combined total value = 28,452,550,000
Strike 14025 has a total call value of 17,906,700,000 versus a total put value of 12,755,050,000 Combined total value = 30,661,750,000
Strike 14050 has a total call value of 21,965,650,000 versus a total put value of 11,058,250,000 Combined total value = 33,023,900,000
Strike 14075 has a total call value of 26,281,850,000 versus a total put value of 9,450,350,000 Combined total value = 35,732,200,000
Strike 14100 has a total call value of 30,692,200,000 versus a total put value of 7,894,950,000 Combined total value = 38,587,150,000
Strike 14125 has a total call value of 37,018,450,000 versus a total put value of 7,205,100,000 Combined total value = 44,223,550,000
Strike 14150 has a total call value of 43,426,600,000 versus a total put value of 6,552,000,000 Combined total value = 49,978,600,000
Strike 14175 has a total call value of 49,994,000,000 versus a total put value of 5,979,400,000 Combined total value = 55,973,400,000
Strike 14200 has a total call value of 56,599,900,000 versus a total put value of 5,406,800,000 Combined total value = 62,006,700,000
Strike 14225 has a total call value of 63,979,650,000 versus a total put value of 5,004,650,000 Combined total value = 68,984,300,000
Strike 14250 has a total call value of 71,394,750,000 versus a total put value of 4,602,500,000 Combined total value = 75,997,250,000
Strike 14275 has a total call value of 78,925,700,000 versus a total put value of 4,220,300,000 Combined total value = 83,146,000,000
Strike 14300 has a total call value of 86,499,700,000 versus a total put value of 3,851,400,000 Combined total value = 90,351,100,000
Strike 14325 has a total call value of 95,159,400,000 versus a total put value of 3,643,150,000 Combined total value = 98,802,550,000
Strike 14350 has a total call value of 103,856,900,000 versus a total put value of 3,434,900,000 Combined total value = 107,291,800,000
Strike 14375 has a total call value of 113,041,600,000 versus a total put value of 3,226,650,000 Combined total value = 116,268,250,000
Strike 14400 has a total call value of 122,226,300,000 versus a total put value of 3,018,400,000 Combined total value = 125,244,700,000
Strike 14425 has a total call value of 132,300,350,000 versus a total put value of 2,837,800,000 Combined total value = 135,138,150,000
Strike 14450 has a total call value of 142,418,150,000 versus a total put value of 2,657,200,000 Combined total value = 145,075,350,000
Strike 14475 has a total call value of 152,614,350,000 versus a total put value of 2,476,600,000 Combined total value = 155,090,950,000
Strike 14500 has a total call value of 162,828,750,000 versus a total put value of 2,296,000,000 Combined total value = 165,124,750,000
Strike 14525 has a total call value of 175,193,200,000 versus a total put value of 2,181,200,000 Combined total value = 177,374,400,000
Strike 14550 has a total call value of 187,557,650,000 versus a total put value of 2,066,400,000 Combined total value = 189,624,050,000
Strike 14575 has a total call value of 199,922,100,000 versus a total put value of 1,951,600,000 Combined total value = 201,873,700,000
Strike 14600 has a total call value of 212,286,550,000 versus a total put value of 1,836,800,000 Combined total value = 214,123,350,000
Strike 14625 has a total call value of 225,463,700,000 versus a total put value of 1,722,000,000 Combined total value = 227,185,700,000
Strike 14650 has a total call value of 238,640,850,000 versus a total put value of 1,607,200,000 Combined total value = 240,248,050,000
Strike 14675 has a total call value of 251,929,650,000 versus a total put value of 1,492,400,000 Combined total value = 253,422,050,000
Strike 14700 has a total call value of 265,258,000,000 versus a total put value of 1,377,600,000 Combined total value = 266,635,600,000
Strike 14725 has a total call value of 279,472,550,000 versus a total put value of 1,262,800,000 Combined total value = 280,735,350,000
Strike 14750 has a total call value of 293,687,100,000 versus a total put value of 1,148,000,000 Combined total value = 294,835,100,000
Strike 14775 has a total call value of 307,901,650,000 versus a total put value of 1,033,200,000 Combined total value = 308,934,850,000
Strike 14800 has a total call value of 322,116,200,000 versus a total put value of 918,400,000 Combined total value = 323,034,600,000
Strike 14825 has a total call value of 337,662,500,000 versus a total put value of 803,600,000 Combined total value = 338,466,100,000
Strike 14850 has a total call value of 353,208,800,000 versus a total put value of 688,800,000 Combined total value = 353,897,600,000
Strike 14875 has a total call value of 368,755,100,000 versus a total put value of 574,000,000 Combined total value = 369,329,100,000
Strike 14900 has a total call value of 384,301,400,000 versus a total put value of 459,200,000 Combined total value = 384,760,600,000
Strike 14925 has a total call value of 400,109,500,000 versus a total put value of 344,400,000 Combined total value = 400,453,900,000
Strike 14950 has a total call value of 415,917,600,000 versus a total put value of 229,600,000 Combined total value = 416,147,200,000
Strike 14975 has a total call value of 431,725,700,000 versus a total put value of 114,800,000 Combined total value = 431,840,500,000
Strike 15000 has a total call value of 447,533,800,000 versus a total put value of 0 Combined total value = 447,533,800,000
Strike 15025 has a total call value of 465,182,200,000 versus a total put value of 0 Combined total value = 465,182,200,000
Strike 15050 has a total call value of 482,830,600,000 versus a total put value of 0 Combined total value = 482,830,600,000
Strike 15075 has a total call value of 500,479,000,000 versus a total put value of 0 Combined total value = 500,479,000,000
Strike 15100 has a total call value of 518,127,400,000 versus a total put value of 0 Combined total value = 518,127,400,000
Strike 15125 has a total call value of 535,842,650,000 versus a total put value of 0 Combined total value = 535,842,650,000
Strike 15150 has a total call value of 553,557,900,000 versus a total put value of 0 Combined total value = 553,557,900,000
Strike 15175 has a total call value of 571,273,150,000 versus a total put value of 0 Combined total value = 571,273,150,000
Strike 15200 has a total call value of 588,988,400,000 versus a total put value of 0 Combined total value = 588,988,400,000
Strike 15225 has a total call value of 606,708,900,000 versus a total put value of 0 Combined total value = 606,708,900,000
Strike 15250 has a total call value of 624,429,400,000 versus a total put value of 0 Combined total value = 624,429,400,000
Strike 15275 has a total call value of 642,149,900,000 versus a total put value of 0 Combined total value = 642,149,900,000
Strike 15300 has a total call value of 659,870,400,000 versus a total put value of 0 Combined total value = 659,870,400,000
Strike 15325 has a total call value of 677,738,950,000 versus a total put value of 0 Combined total value = 677,738,950,000
Strike 15350 has a total call value of 695,607,500,000 versus a total put value of 0 Combined total value = 695,607,500,000
Strike 15375 has a total call value of 713,476,050,000 versus a total put value of 0 Combined total value = 713,476,050,000
Strike 15400 has a total call value of 731,344,600,000 versus a total put value of 0 Combined total value = 731,344,600,000
Strike 15425 has a total call value of 749,220,150,000 versus a total put value of 0 Combined total value = 749,220,150,000
Strike 15450 has a total call value of 767,095,700,000 versus a total put value of 0 Combined total value = 767,095,700,000
Strike 15475 has a total call value of 784,971,250,000 versus a total put value of 0 Combined total value = 784,971,250,000
Strike 15500 has a total call value of 802,846,800,000 versus a total put value of 0 Combined total value = 802,846,800,000
Strike 15525 has a total call value of 820,924,650,000 versus a total put value of 0 Combined total value = 820,924,650,000
Strike 15550 has a total call value of 839,002,500,000 versus a total put value of 0 Combined total value = 839,002,500,000
Strike 15575 has a total call value of 857,080,350,000 versus a total put value of 0 Combined total value = 857,080,350,000
Strike 15600 has a total call value of 875,158,200,000 versus a total put value of 0 Combined total value = 875,158,200,000
Max-Pain Table for Stocks
| Max Pain Table (Stocks) | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1140 | 1140 |
| ABB | 5150 | 5150 |
| ABCAPITAL | 357.45 | 350 |
| ADANIENSOL | 973.15 | 980 |
| ADANIENT | 2251.7 | 2300 |
| ADANIGREEN | 1011.5 | 1020 |
| ADANIPORTS | 1507.3 | 1500 |
| ALKEM | 5669.5 | 5700 |
| AMBER | 6460.5 | 6500 |
| AMBUJACEM | 532.05 | 550 |
| ANGELONE | 2629.8 | 2650 |
| APLAPOLLO | 1764.6 | 1760 |
| APOLLOHOSP | 7161 | 7350 |
| ASHOKLEY | 160.2 | 157 |
| ASIANPAINT | 2959.9 | 2920 |
| ASTRAL | 1459.1 | 1460 |
| AUBANK | 957.55 | 940 |
| AUROPHARMA | 1213.2 | 1220 |
| AXISBANK | 1279.5 | 1280 |
| BAJAJ-AUTO | 9090 | 9100 |
| BAJAJFINSV | 2095.8 | 2080 |
| BAJFINANCE | 1048.2 | 1030 |
| BANDHANBNK | 140 | 150 |
| BANKBARODA | 291.85 | 292.5 |
| BANKINDIA | 142.67 | 145 |
| BDL | 1503.9 | 1520 |
| BEL | 405.5 | 410 |
| BHARATFORG | 1401.6 | 1400 |
| BHARTIARTL | 2102.4 | 2100 |
| BHEL | 276.4 | 285 |
| BIOCON | 391.4 | 400 |
| BLUESTARCO | 1726.2 | 1760 |
| BOSCHLTD | 36865 | 36500 |
| BPCL | 359.5 | 362.5 |
| BRITANNIA | 5954 | 5850 |
| BSE | 2804 | 2800 |
| CAMS | 771.2 | 780 |
| CANBK | 148.41 | 150 |
| CDSL | 1540 | 1600 |
| CGPOWER | 657.75 | 680 |
| CHOLAFIN | 1722.3 | 1700 |
| CIPLA | 1518.3 | 1530 |
| COALINDIA | 378.85 | 380 |
| COFORGE | 1970.3 | 1860 |
| COLPAL | 2159 | 2180 |
| CONCOR | 510.2 | 520 |
| CROMPTON | 259.4 | 270 |
| CUMMINSIND | 4456.4 | 4500 |
| CYIENT | 1165.9 | 1160 |
| DABUR | 508.45 | 515 |
| DALBHARAT | 1985.7 | 2000 |
| DELHIVERY | 403.6 | 420 |
| DIVISLAB | 6453.5 | 6450 |
| DIXON | 13694 | 14500 |
| DLF | 715.85 | 730 |
| DMART | 3939.4 | 4000 |
| DRREDDY | 1275.1 | 1270 |
| EICHERMOT | 7188.5 | 7100 |
| ETERNAL | 292.9 | 305 |
| EXIDEIND | 378.3 | 380 |
| FEDERALBNK | 258.35 | 255 |
| FORTIS | 883.75 | 910 |
| GAIL | 169.72 | 175 |
| GLENMARK | 1964.3 | 1940 |
| GMRAIRPORT | 103.5 | 102 |
| GODREJCP | 1129.6 | 1140 |
| GODREJPROP | 2072.6 | 2100 |
| GRASIM | 2739.6 | 2760 |
| HAL | 4435 | 4500 |
| HAVELLS | 1427.6 | 1440 |
| HCLTECH | 1682 | 1640 |
| HDFCAMC | 2568.9 | 2650 |
| HDFCBANK | 1001.2 | 1000 |
| HDFCLIFE | 768.15 | 770 |
| HEROMOTOCO | 6344 | 6200 |
| HFCL | 68.54 | 70 |
| HINDALCO | 822.7 | 800 |
| HINDPETRO | 449.85 | 455 |
| HINDUNILVR | 2337.8 | 2360 |
| HINDZINC | 496.6 | 490 |
| HUDCO | 223.32 | 230 |
| ICICIBANK | 1390.6 | 1380 |
| ICICIGI | 1972 | 2000 |
| ICICIPRULI | 623.5 | 620 |
| IDEA | 10.75 | 10 |
| IDFCFIRSTB | 80.75 | 80 |
| IEX | 144.56 | 145 |
| IIFL | 564.9 | 570 |
| INDHOTEL | 728.55 | 740 |
| INDIANB | 809.75 | 830 |
| INDIGO | 5364.5 | 5500 |
| INDUSINDBK | 868.3 | 860 |
| INDUSTOWER | 414.4 | 410 |
| INFY | 1614 | 1600 |
| INOXWIND | 129.32 | 137.5 |
| IOC | 163.07 | 164 |
| IRCTC | 672.05 | 690 |
| IREDA | 132.05 | 140 |
| IRFC | 113.87 | 118 |
| ITC | 404.6 | 405 |
| JINDALSTEL | 1003.3 | 1030 |
| JIOFIN | 302.4 | 305 |
| JSWENERGY | 455 | 480 |
| JSWSTEEL | 1158.7 | 1150 |
| JUBLFOOD | 591.05 | 600 |
| KALYANKJIL | 490.1 | 490 |
| KAYNES | 4427.5 | 5000 |
| KEI | 4147.9 | 4150 |
| KFINTECH | 1058.4 | 1080 |
| KOTAKBANK | 2152.6 | 2120 |
| KPITTECH | 1267.6 | 1240 |
| LAURUSLABS | 1021.3 | 1000 |
| LICHSGFIN | 540 | 555 |
| LICI | 868.35 | 900 |
| LODHA | 1104.4 | 1140 |
| LT | 4036 | 4020 |
| LTF | 308.2 | 305 |
| LTIM | 6275 | 6200 |
| LUPIN | 2091.5 | 2080 |
| M&M | 3712 | 3700 |
| MANAPPURAM | 277.65 | 280 |
| MANKIND | 2196.8 | 2250 |
| MARICO | 733.8 | 730 |
| MARUTI | 16167 | 16100 |
| MAXHEALTH | 1093.1 | 1120 |
| MAZDOCK | 2607.8 | 2700 |
| MCX | 10310 | 10100 |
| MFSL | 1683.5 | 1700 |
| MOTHERSON | 116.68 | 115 |
| MPHASIS | 2946.2 | 2900 |
| MUTHOOTFIN | 3780.4 | 3700 |
| NATIONALUM | 272.65 | 265 |
| NAUKRI | 1383.1 | 1380 |
| NBCC | 111.49 | 115 |
| NCC | 167.09 | 172.5 |
| NESTLEIND | 1238.7 | 1260 |
| NHPC | 76.9 | 78 |
| NMDC | 76.13 | 76 |
| NTPC | 322.5 | 325 |
| NUVAMA | 7141 | 7200 |
| NYKAA | 253 | 260 |
| OBEROIRLTY | 1643.3 | 1660 |
| OFSS | 8197 | 8200 |
| OIL | 410.3 | 415 |
| ONGC | 241.62 | 244 |
| PAGEIND | 37375 | 38000 |
| PATANJALI | 544.8 | 550 |
| PAYTM | 1337.3 | 1320 |
| PERSISTENT | 6505.5 | 6400 |
| PETRONET | 273.85 | 280 |
| PFC | 351.7 | 365 |
| PGEL | 548.95 | 570 |
| PHOENIXLTD | 1717.9 | 1740 |
| PIDILITIND | 1472.5 | 1480 |
| PIIND | 3386.4 | 3450 |
| PNB | 121.22 | 122 |
| PNBHOUSING | 898.2 | 900 |
| POLICYBZR | 1880 | 1860 |
| POLYCAB | 7212 | 7400 |
| POWERGRID | 269.3 | 275 |
| POWERINDIA | 19265 | 20500 |
| PPLPHARMA | 179.21 | 185 |
| PRESTIGE | 1675.5 | 1680 |
| RBLBANK | 304.85 | 310 |
| RECLTD | 351.95 | 360 |
| RELIANCE | 1536.4 | 1540 |
| RVNL | 308.9 | 315 |
| SAIL | 132.4 | 135 |
| SAMMAANCAP | 147.5 | 160 |
| SBICARD | 881.85 | 880 |
| SBILIFE | 2024.4 | 2020 |
| SBIN | 970.2 | 970 |
| SHREECEM | 26060 | 26500 |
| SHRIRAMFIN | 852.25 | 840 |
| SIEMENS | 3310.5 | 3300 |
| SOLARINDS | 12725 | 13250 |
| SONACOMS | 490.7 | 500 |
| SRF | 2872.6 | 2900 |
| SUNPHARMA | 1801.6 | 1800 |
| SUPREMEIND | 3359.1 | 3450 |
| SUZLON | 51.05 | 54 |
| SYNGENE | 636.95 | 640 |
| TATACONSUM | 1160.7 | 1170 |
| TATAELXSI | 5202.5 | 5300 |
| TATAMOTORS | 0 | 320 |
| TATAPOWER | 382.95 | 390 |
| TATASTEEL | 166.8 | 170 |
| TATATECH | 664.2 | 680 |
| TCS | 3235 | 3200 |
| TECHM | 1569.4 | 1520 |
| TIINDIA | 2662 | 2800 |
| TITAGARH | 784.65 | 820 |
| TITAN | 3816.5 | 3860 |
| TMPV | 353.35 | 360 |
| TORNTPHARM | 3779.4 | 3750 |
| TORNTPOWER | 1277.2 | 1300 |
| TRENT | 4168.2 | 4300 |
| TVSMOTOR | 3650.3 | 3600 |
| ULTRACEMCO | 11590 | 11700 |
| UNIONBANK | 152.78 | 155 |
| UNITDSPR | 1451.1 | 1450 |
| UNOMINDA | 1262.7 | 1300 |
| UPL | 756.15 | 760 |
| VBL | 478.25 | 470 |
| VEDL | 525.15 | 520 |
| VOLTAS | 1318.8 | 1360 |
| WIPRO | 259.6 | 255 |
| YESBANK | 22.54 | 23 |
| ZYDUSLIFE | 930.2 | 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.































































































































































































































