NIFTY
NIFTY 50
Max pain for NIFTY
19 Mar 2024 09:29 AM IST
Max Pain for NIFTY is 22000
Strike 20150 has a total call value of 0 versus a total put value of 8,925,615,000,000 Combined total value = 8,925,615,000,000
Strike 20200 has a total call value of 0 versus a total put value of 8,581,099,500,000 Combined total value = 8,581,099,500,000
Strike 20250 has a total call value of 0 versus a total put value of 8,250,505,250,000 Combined total value = 8,250,505,250,000
Strike 20300 has a total call value of 0 versus a total put value of 7,920,301,000,000 Combined total value = 7,920,301,000,000
Strike 20350 has a total call value of 0 versus a total put value of 7,592,068,500,000 Combined total value = 7,592,068,500,000
Strike 20400 has a total call value of 0 versus a total put value of 7,264,154,000,000 Combined total value = 7,264,154,000,000
Strike 20450 has a total call value of 0 versus a total put value of 6,937,440,500,000 Combined total value = 6,937,440,500,000
Strike 20500 has a total call value of 0 versus a total put value of 6,611,156,750,000 Combined total value = 6,611,156,750,000
Strike 20550 has a total call value of 107,500,000 versus a total put value of 6,295,005,000,000 Combined total value = 6,295,112,500,000
Strike 20600 has a total call value of 215,000,000 versus a total put value of 5,979,228,500,000 Combined total value = 5,979,443,500,000
Strike 20650 has a total call value of 322,500,000 versus a total put value of 5,666,726,000,000 Combined total value = 5,667,048,500,000
Strike 20700 has a total call value of 430,000,000 versus a total put value of 5,354,954,750,000 Combined total value = 5,355,384,750,000
Strike 20750 has a total call value of 537,500,000 versus a total put value of 5,046,936,250,000 Combined total value = 5,047,473,750,000
Strike 20800 has a total call value of 645,000,000 versus a total put value of 4,740,857,500,000 Combined total value = 4,741,502,500,000
Strike 20850 has a total call value of 752,500,000 versus a total put value of 4,439,838,250,000 Combined total value = 4,440,590,750,000
Strike 20900 has a total call value of 860,000,000 versus a total put value of 4,140,143,000,000 Combined total value = 4,141,003,000,000
Strike 20950 has a total call value of 967,500,000 versus a total put value of 3,846,847,750,000 Combined total value = 3,847,815,250,000
Strike 21000 has a total call value of 1,075,000,000 versus a total put value of 3,555,751,500,000 Combined total value = 3,556,826,500,000
Strike 21050 has a total call value of 1,482,000,000 versus a total put value of 3,290,016,750,000 Combined total value = 3,291,498,750,000
Strike 21100 has a total call value of 1,889,000,000 versus a total put value of 3,026,770,000,000 Combined total value = 3,028,659,000,000
Strike 21150 has a total call value of 2,304,000,000 versus a total put value of 2,773,343,750,000 Combined total value = 2,775,647,750,000
Strike 21200 has a total call value of 2,719,000,000 versus a total put value of 2,524,965,750,000 Combined total value = 2,527,684,750,000
Strike 21250 has a total call value of 3,150,250,000 versus a total put value of 2,294,157,750,000 Combined total value = 2,297,308,000,000
Strike 21300 has a total call value of 3,581,500,000 versus a total put value of 2,071,397,750,000 Combined total value = 2,074,979,250,000
Strike 21350 has a total call value of 4,046,000,000 versus a total put value of 1,863,137,500,000 Combined total value = 1,867,183,500,000
Strike 21400 has a total call value of 4,529,500,000 versus a total put value of 1,659,303,250,000 Combined total value = 1,663,832,750,000
Strike 21450 has a total call value of 5,178,000,000 versus a total put value of 1,472,527,500,000 Combined total value = 1,477,705,500,000
Strike 21500 has a total call value of 5,850,000,000 versus a total put value of 1,292,697,500,000 Combined total value = 1,298,547,500,000
Strike 21550 has a total call value of 7,310,500,000 versus a total put value of 1,131,507,750,000 Combined total value = 1,138,818,250,000
Strike 21600 has a total call value of 8,842,250,000 versus a total put value of 976,826,250,000 Combined total value = 985,668,500,000
Strike 21650 has a total call value of 10,667,750,000 versus a total put value of 834,330,500,000 Combined total value = 844,998,250,000
Strike 21700 has a total call value of 12,608,500,000 versus a total put value of 697,661,500,000 Combined total value = 710,270,000,000
Strike 21750 has a total call value of 15,359,500,000 versus a total put value of 573,439,750,000 Combined total value = 588,799,250,000
Strike 21800 has a total call value of 18,415,000,000 versus a total put value of 456,261,000,000 Combined total value = 474,676,000,000
Strike 21850 has a total call value of 24,246,000,000 versus a total put value of 357,020,500,000 Combined total value = 381,266,500,000
Strike 21900 has a total call value of 32,485,500,000 versus a total put value of 267,586,500,000 Combined total value = 300,072,000,000
Strike 21950 has a total call value of 51,099,000,000 versus a total put value of 198,387,750,000 Combined total value = 249,486,750,000
Strike 22000 has a total call value of 81,380,000,000 versus a total put value of 143,206,250,000 Combined total value = 224,586,250,000
Strike 22050 has a total call value of 143,371,000,000 versus a total put value of 110,961,750,000 Combined total value = 254,332,750,000
Strike 22100 has a total call value of 218,348,250,000 versus a total put value of 83,571,500,000 Combined total value = 301,919,750,000
Strike 22150 has a total call value of 317,847,500,000 versus a total put value of 64,310,750,000 Combined total value = 382,158,250,000
Strike 22200 has a total call value of 431,671,500,000 versus a total put value of 47,270,250,000 Combined total value = 478,941,750,000
Strike 22250 has a total call value of 578,417,000,000 versus a total put value of 36,465,250,000 Combined total value = 614,882,250,000
Strike 22300 has a total call value of 737,073,250,000 versus a total put value of 26,733,000,000 Combined total value = 763,806,250,000
Strike 22350 has a total call value of 916,418,000,000 versus a total put value of 20,003,000,000 Combined total value = 936,421,000,000
Strike 22400 has a total call value of 1,109,404,000,000 versus a total put value of 13,898,750,000 Combined total value = 1,123,302,750,000
Strike 22450 has a total call value of 1,324,312,500,000 versus a total put value of 10,092,250,000 Combined total value = 1,334,404,750,000
Strike 22500 has a total call value of 1,549,348,500,000 versus a total put value of 6,508,750,000 Combined total value = 1,555,857,250,000
Strike 22550 has a total call value of 1,807,807,500,000 versus a total put value of 5,040,750,000 Combined total value = 1,812,848,250,000
Strike 22600 has a total call value of 2,079,065,750,000 versus a total put value of 3,728,250,000 Combined total value = 2,082,794,000,000
Strike 22650 has a total call value of 2,374,416,000,000 versus a total put value of 2,965,750,000 Combined total value = 2,377,381,750,000
Strike 22700 has a total call value of 2,682,867,500,000 versus a total put value of 2,203,250,000 Combined total value = 2,685,070,750,000
Strike 22750 has a total call value of 3,017,743,500,000 versus a total put value of 1,719,750,000 Combined total value = 3,019,463,250,000
Strike 22800 has a total call value of 3,365,814,000,000 versus a total put value of 1,298,250,000 Combined total value = 3,367,112,250,000
Strike 22850 has a total call value of 3,738,590,000,000 versus a total put value of 936,250,000 Combined total value = 3,739,526,250,000
Strike 22900 has a total call value of 4,118,259,250,000 versus a total put value of 592,500,000 Combined total value = 4,118,851,750,000
Strike 22950 has a total call value of 4,516,898,000,000 versus a total put value of 296,250,000 Combined total value = 4,517,194,250,000
Strike 23000 has a total call value of 4,920,960,250,000 versus a total put value of 0 Combined total value = 4,920,960,250,000
Strike 23050 has a total call value of 5,354,273,500,000 versus a total put value of 0 Combined total value = 5,354,273,500,000
Strike 23100 has a total call value of 5,789,404,500,000 versus a total put value of 0 Combined total value = 5,789,404,500,000
Strike 23150 has a total call value of 6,232,524,750,000 versus a total put value of 0 Combined total value = 6,232,524,750,000
Strike 23200 has a total call value of 6,676,893,750,000 versus a total put value of 0 Combined total value = 6,676,893,750,000
Strike 23250 has a total call value of 7,130,272,000,000 versus a total put value of 0 Combined total value = 7,130,272,000,000
Strike 23300 has a total call value of 7,586,336,500,000 versus a total put value of 0 Combined total value = 7,586,336,500,000
Strike 23350 has a total call value of 8,048,528,250,000 versus a total put value of 0 Combined total value = 8,048,528,250,000
Strike 23400 has a total call value of 8,511,336,750,000 versus a total put value of 0 Combined total value = 8,511,336,750,000
Strike 23450 has a total call value of 8,977,806,750,000 versus a total put value of 0 Combined total value = 8,977,806,750,000
Strike 23500 has a total call value of 9,445,131,250,000 versus a total put value of 0 Combined total value = 9,445,131,250,000
Strike 23550 has a total call value of 9,927,938,500,000 versus a total put value of 0 Combined total value = 9,927,938,500,000
Strike 23600 has a total call value of 10,411,441,000,000 versus a total put value of 0 Combined total value = 10,411,441,000,000
Strike 23650 has a total call value of 10,895,985,250,000 versus a total put value of 0 Combined total value = 10,895,985,250,000
Strike 23700 has a total call value of 11,380,915,000,000 versus a total put value of 0 Combined total value = 11,380,915,000,000
Strike 23750 has a total call value of 11,867,371,750,000 versus a total put value of 0 Combined total value = 11,867,371,750,000
Strike 23800 has a total call value of 12,354,379,750,000 versus a total put value of 0 Combined total value = 12,354,379,750,000
Strike 23850 has a total call value of 12,843,097,000,000 versus a total put value of 0 Combined total value = 12,843,097,000,000
Strike 23900 has a total call value of 13,332,058,000,000 versus a total put value of 0 Combined total value = 13,332,058,000,000
Strike 23950 has a total call value of 13,821,972,000,000 versus a total put value of 0 Combined total value = 13,821,972,000,000
Strike 24000 has a total call value of 14,312,724,250,000 versus a total put value of 0 Combined total value = 14,312,724,250,000
Strike 24050 has a total call value of 14,814,303,500,000 versus a total put value of 0 Combined total value = 14,814,303,500,000
Strike 24100 has a total call value of 15,316,199,250,000 versus a total put value of 0 Combined total value = 15,316,199,250,000
Strike 24150 has a total call value of 15,820,181,250,000 versus a total put value of 0 Combined total value = 15,820,181,250,000
Strike 24200 has a total call value of 16,324,546,000,000 versus a total put value of 0 Combined total value = 16,324,546,000,000
Strike 24250 has a total call value of 16,832,385,250,000 versus a total put value of 0 Combined total value = 16,832,385,250,000
Max Pain - Choose a symbol
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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.