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NESTLEIND

Nestle India Limited
1217.1 +7.80 (0.65%)
L: 1205.8 H: 1220.4
Max Pain - NESTLEIND
11 Dec 2025 02:00 PM IST
Live


Strike  1080  has a total call value of 0  versus a total put value of  30,582,000,000 Combined total value = 30,582,000,000

Strike  1090  has a total call value of 500,000  versus a total put value of  28,340,500,000 Combined total value = 28,341,000,000

Strike  1100  has a total call value of 1,000,000  versus a total put value of  26,099,000,000 Combined total value = 26,100,000,000

Strike  1110  has a total call value of 1,500,000  versus a total put value of  23,859,000,000 Combined total value = 23,860,500,000

Strike  1120  has a total call value of 2,000,000  versus a total put value of  21,619,000,000 Combined total value = 21,621,000,000

Strike  1130  has a total call value of 2,500,000  versus a total put value of  19,392,000,000 Combined total value = 19,394,500,000

Strike  1140  has a total call value of 3,000,000  versus a total put value of  17,165,000,000 Combined total value = 17,168,000,000

Strike  1150  has a total call value of 3,500,000  versus a total put value of  14,945,500,000 Combined total value = 14,949,000,000

Strike  1160  has a total call value of 4,000,000  versus a total put value of  12,816,500,000 Combined total value = 12,820,500,000

Strike  1170  has a total call value of 7,500,000  versus a total put value of  10,970,000,000 Combined total value = 10,977,500,000

Strike  1180  has a total call value of 16,500,000  versus a total put value of  9,213,000,000 Combined total value = 9,229,500,000

Strike  1190  has a total call value of 31,500,000  versus a total put value of  7,737,500,000 Combined total value = 7,769,000,000

Strike  1200  has a total call value of 46,500,000  versus a total put value of  6,347,000,000 Combined total value = 6,393,500,000

Strike  1210  has a total call value of 113,500,000  versus a total put value of  5,237,500,000 Combined total value = 5,351,000,000

Strike  1220  has a total call value of 219,500,000  versus a total put value of  4,227,500,000 Combined total value = 4,447,000,000

Strike  1230  has a total call value of 451,500,000  versus a total put value of  3,370,500,000 Combined total value = 3,822,000,000

Strike  1240  has a total call value of 980,500,000  versus a total put value of  2,592,000,000 Combined total value = 3,572,500,000

Strike  1250  has a total call value of 1,808,000,000  versus a total put value of  1,909,500,000 Combined total value = 3,717,500,000

Strike  1260  has a total call value of 3,029,000,000  versus a total put value of  1,340,000,000 Combined total value = 4,369,000,000

Strike  1270  has a total call value of 4,517,500,000  versus a total put value of  890,500,000 Combined total value = 5,408,000,000

Strike  1280  has a total call value of 6,513,000,000  versus a total put value of  554,500,000 Combined total value = 7,067,500,000

Strike  1290  has a total call value of 8,927,500,000  versus a total put value of  318,000,000 Combined total value = 9,245,500,000

Strike  1300  has a total call value of 11,509,000,000  versus a total put value of  126,000,000 Combined total value = 11,635,000,000

Strike  1310  has a total call value of 14,965,000,000  versus a total put value of  90,000,000 Combined total value = 15,055,000,000

Strike  1320  has a total call value of 18,555,000,000  versus a total put value of  60,000,000 Combined total value = 18,615,000,000

Strike  1330  has a total call value of 24,830,500,000  versus a total put value of  42,500,000 Combined total value = 24,873,000,000

Strike  1340  has a total call value of 31,282,500,000  versus a total put value of  25,000,000 Combined total value = 31,307,500,000

Strike  1350  has a total call value of 37,839,000,000  versus a total put value of  15,000,000 Combined total value = 37,854,000,000

Strike  1360  has a total call value of 44,601,500,000  versus a total put value of  11,500,000 Combined total value = 44,613,000,000

Strike  1370  has a total call value of 51,508,500,000  versus a total put value of  8,000,000 Combined total value = 51,516,500,000

Strike  1380  has a total call value of 58,474,000,000  versus a total put value of  5,500,000 Combined total value = 58,479,500,000

Strike  1390  has a total call value of 65,578,000,000  versus a total put value of  3,000,000 Combined total value = 65,581,000,000

Strike  1400  has a total call value of 72,705,000,000  versus a total put value of  2,000,000 Combined total value = 72,707,000,000

Strike  1410  has a total call value of 80,234,000,000  versus a total put value of  1,500,000 Combined total value = 80,235,500,000

Strike  1420  has a total call value of 87,763,000,000  versus a total put value of  1,000,000 Combined total value = 87,764,000,000

Strike  1430  has a total call value of 95,323,500,000  versus a total put value of  500,000 Combined total value = 95,324,000,000

Strike  1440  has a total call value of 102,884,000,000  versus a total put value of  0 Combined total value = 102,884,000,000

Strike  1450  has a total call value of 110,466,500,000  versus a total put value of  0 Combined total value = 110,466,500,000

Strike  1460  has a total call value of 118,049,000,000  versus a total put value of  0 Combined total value = 118,049,000,000

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1131.1 1140
ABB 5226 5200
ABCAPITAL 355.75 350
ADANIENSOL 1000.7 980
ADANIENT 2280.4 2300
ADANIGREEN 1017.2 1020
ADANIPORTS 1509.3 1500
ALKEM 5620 5700
AMBER 6540 6700
AMBUJACEM 534.55 550
ANGELONE 2566 2600
APLAPOLLO 1724.9 1740
APOLLOHOSP 7016.5 7200
ASHOKLEY 160.1 157
ASIANPAINT 2783.5 2840
ASTRAL 1405.5 1440
AUBANK 975 950
AUROPHARMA 1170.5 1200
AXISBANK 1272.9 1280
BAJAJ-AUTO 9054.5 9100
BAJAJFINSV 2066 2080
BAJFINANCE 1002.7 1020
BANDHANBNK 143.55 150
BANKBARODA 284.65 290
BANKINDIA 140.87 144
BDL 1410.2 1460
BEL 386.75 400
BHARATFORG 1403.1 1400
BHARTIARTL 2052 2100
BHEL 277.05 280
BIOCON 380.2 390
BLUESTARCO 1750.7 1760
BOSCHLTD 36815 37000
BPCL 351.3 360
BRITANNIA 5862.5 5850
BSE 2680.5 2750
CAMS 753 780
CANBK 146.73 148
CDSL 1519 1580
CGPOWER 665.75 680
CHOLAFIN 1722.4 1700
CIPLA 1510 1520
COALINDIA 385 384.75
COFORGE 1835.7 1840
COLPAL 2154.3 2200
CONCOR 505.4 520
CROMPTON 251.75 265
CUMMINSIND 4533.9 4500
CYIENT 1150.1 1160
DABUR 500.8 510
DALBHARAT 1981.7 2000
DELHIVERY 407.15 420
DIVISLAB 6420 6400
DIXON 12802 13250
DLF 691.7 720
DMART 3846.5 3950
DRREDDY 1272 1270
EICHERMOT 7249.5 7200
ETERNAL 290.5 300
EXIDEIND 373 380
FEDERALBNK 261.2 257.5
FORTIS 852.45 900
GAIL 169.6 175
GLENMARK 1951.1 1940
GMRAIRPORT 98.3 101
GODREJCP 1141.3 1140
GODREJPROP 2033.4 2080
GRASIM 2795.1 2760
HAL 4319.1 4500
HAVELLS 1393.8 1440
HCLTECH 1663.1 1660
HDFCAMC 2648.4 2650
HDFCBANK 998.3 1000
HDFCLIFE 771.1 770
HEROMOTOCO 5964.5 6100
HFCL 67 70
HINDALCO 824.05 810
HINDPETRO 447.5 455
HINDUNILVR 2305.3 2340
HINDZINC 521.5 505
HUDCO 212.75 225
ICICIBANK 1360.8 1380
ICICIGI 1936 1980
ICICIPRULI 634.5 630
IDEA 10.98 10
IDFCFIRSTB 80.44 80
IEX 142.4 145
IIFL 569.4 560
INDHOTEL 725.7 740
INDIANB 779.65 820
INDIGO 4798 5000
INDUSINDBK 834.15 850
INDUSTOWER 408 410
INFY 1589 1600
INOXWIND 121.96 130
IOC 161.41 164
IRCTC 669 690
IREDA 134.38 140
IRFC 113.12 117
ITC 402.45 405
JINDALSTEL 1012.1 1020
JIOFIN 297.1 305
JSWENERGY 458.25 480
JSWSTEEL 1101.7 1140
JUBLFOOD 596.1 600
KALYANKJIL 470.2 480
KAYNES 4043.5 4400
KEI 4046.9 4050
KFINTECH 1072.4 1080
KOTAKBANK 2186.6 2160
KPITTECH 1229 1220
LAURUSLABS 1021.5 1000
LICHSGFIN 532.3 550
LICI 863.45 890
LODHA 1080.2 1120
LT 4007.9 4000
LTF 300.35 302.5
LTIM 6271.5 6150
LUPIN 2082.1 2060
M&M 3650 3700
MANAPPURAM 281.2 280
MANKIND 2170.2 2200
MARICO 728.1 730
MARUTI 16195 16200
MAXHEALTH 1081.5 1120
MAZDOCK 2470.9 2600
MCX 9931 10000
MFSL 1708.9 1700
MOTHERSON 119.65 115
MPHASIS 2890 2900
MUTHOOTFIN 3732.4 3700
NATIONALUM 263.1 265
NAUKRI 1342.9 1360
NBCC 108.25 112
NCC 161.44 170
NESTLEIND 1217.1 1240
NHPC 76.61 78
NMDC 75.27 76
NTPC 322.3 325
NUVAMA 7205 7200
NYKAA 249.05 257.5
OBEROIRLTY 1640.8 1660
OFSS 7980 8100
OIL 405.15 415
ONGC 238.8 241.5
PAGEIND 37025 38000
PATANJALI 534.3 550
PAYTM 1277.6 1300
PERSISTENT 6131 6200
PETRONET 271.35 280
PFC 340.9 360
PGEL 550.35 560
PHOENIXLTD 1732 1740
PIDILITIND 1466.5 1480
PIIND 3376.9 3450
PNB 117.45 120
PNBHOUSING 896.55 900
POLICYBZR 1933 1900
POLYCAB 7207.5 7300
POWERGRID 265.35 275
POWERINDIA 19050 19500
PPLPHARMA 171.52 182.5
PRESTIGE 1643 1660
RBLBANK 310.7 310
RECLTD 342.5 360
RELIANCE 1544.1 1540
RVNL 312.25 315
SAIL 129.01 134
SAMMAANCAP 144.47 160
SBICARD 875.7 880
SBILIFE 2013.1 2020
SBIN 963.2 970
SHREECEM 26200 26500
SHRIRAMFIN 844.75 840
SIEMENS 3170.3 3250
SOLARINDS 12445 13000
SONACOMS 486.85 500
SRF 2937.1 2900
SUNPHARMA 1801 1800
SUPREMEIND 3227.8 3400
SUZLON 51.79 54
SYNGENE 640.25 640
TATACONSUM 1147.5 1170
TATAELXSI 4955 5100
TATAMOTORS 0 320
TATAPOWER 381.05 390
TATASTEEL 165.51 170
TATATECH 650.65 680
TCS 3180.7 3200
TECHM 1556.8 1540
TIINDIA 2647.9 2750
TITAGARH 769.6 800
TITAN 3836.4 3840
TMPV 347 360
TORNTPHARM 3788.1 3750
TORNTPOWER 1285.8 1300
TRENT 4025.8 4200
TVSMOTOR 3620.8 3600
ULTRACEMCO 11436 11600
UNIONBANK 150.45 152.5
UNITDSPR 1438.9 1440
UNOMINDA 1233.9 1280
UPL 746 750
VBL 473.1 470
VEDL 529.7 520
VOLTAS 1352 1360
WIPRO 258.21 255
YESBANK 21.92 23
ZYDUSLIFE 924.75 940

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:

  1. For each strike price: Calculate the difference between the current stock price and the strike price.
  2. Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
  3. Sum the values: Add together the dollar value for put options and call options at each strike price.
  4. Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
  5. 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.