NIFTY
NIFTY 50
Max pain for NIFTY
25 Sep 2023 12:54 PM IST
Max Pain for NIFTY is 19700
Strike 12000 has a total call value of 0 versus a total put value of 883,660,352,500 Combined total value = 883,660,352,500
Strike 13000 has a total call value of 200,000 versus a total put value of 761,123,452,500 Combined total value = 761,123,652,500
Strike 14000 has a total call value of 366,300,000 versus a total put value of 638,867,602,500 Combined total value = 639,233,902,500
Strike 15000 has a total call value of 741,600,000 versus a total put value of 516,767,752,500 Combined total value = 517,509,352,500
Strike 16000 has a total call value of 1,195,000,000 versus a total put value of 394,793,702,500 Combined total value = 395,988,702,500
Strike 17000 has a total call value of 1,891,650,000 versus a total put value of 273,424,052,500 Combined total value = 275,315,702,500
Strike 17450 has a total call value of 2,396,235,000 versus a total put value of 219,903,572,500 Combined total value = 222,299,807,500
Strike 17500 has a total call value of 2,452,327,500 versus a total put value of 213,963,440,000 Combined total value = 216,415,767,500
Strike 17550 has a total call value of 2,515,925,000 versus a total put value of 208,066,105,000 Combined total value = 210,582,030,000
Strike 17600 has a total call value of 2,579,522,500 versus a total put value of 202,170,165,000 Combined total value = 204,749,687,500
Strike 17650 has a total call value of 2,644,012,500 versus a total put value of 196,286,367,500 Combined total value = 198,930,380,000
Strike 17700 has a total call value of 2,708,505,000 versus a total put value of 190,405,277,500 Combined total value = 193,113,782,500
Strike 17750 has a total call value of 2,773,687,500 versus a total put value of 184,553,600,000 Combined total value = 187,327,287,500
Strike 17800 has a total call value of 2,838,892,500 versus a total put value of 178,703,107,500 Combined total value = 181,542,000,000
Strike 17850 has a total call value of 2,904,592,500 versus a total put value of 172,860,002,500 Combined total value = 175,764,595,000
Strike 17900 has a total call value of 2,970,312,500 versus a total put value of 167,019,015,000 Combined total value = 169,989,327,500
Strike 17950 has a total call value of 3,036,585,000 versus a total put value of 161,180,597,500 Combined total value = 164,217,182,500
Strike 18000 has a total call value of 3,102,857,500 versus a total put value of 155,343,562,500 Combined total value = 158,446,420,000
Strike 18050 has a total call value of 3,218,302,500 versus a total put value of 149,675,410,000 Combined total value = 152,893,712,500
Strike 18100 has a total call value of 3,333,750,000 versus a total put value of 144,009,307,500 Combined total value = 147,343,057,500
Strike 18150 has a total call value of 3,449,860,000 versus a total put value of 138,364,290,000 Combined total value = 141,814,150,000
Strike 18200 has a total call value of 3,565,975,000 versus a total put value of 132,723,777,500 Combined total value = 136,289,752,500
Strike 18250 has a total call value of 3,683,135,000 versus a total put value of 127,106,790,000 Combined total value = 130,789,925,000
Strike 18300 has a total call value of 3,800,302,500 versus a total put value of 121,495,637,500 Combined total value = 125,295,940,000
Strike 18350 has a total call value of 3,918,505,000 versus a total put value of 115,919,325,000 Combined total value = 119,837,830,000
Strike 18400 has a total call value of 4,036,747,500 versus a total put value of 110,348,885,000 Combined total value = 114,385,632,500
Strike 18450 has a total call value of 4,155,675,000 versus a total put value of 104,816,675,000 Combined total value = 108,972,350,000
Strike 18500 has a total call value of 4,274,610,000 versus a total put value of 99,293,590,000 Combined total value = 103,568,200,000
Strike 18550 has a total call value of 4,405,000,000 versus a total put value of 93,991,942,500 Combined total value = 98,396,942,500
Strike 18600 has a total call value of 4,535,410,000 versus a total put value of 88,699,650,000 Combined total value = 93,235,060,000
Strike 18650 has a total call value of 4,666,657,500 versus a total put value of 83,473,675,000 Combined total value = 88,140,332,500
Strike 18700 has a total call value of 4,798,032,500 versus a total put value of 78,255,392,500 Combined total value = 83,053,425,000
Strike 18750 has a total call value of 4,931,105,000 versus a total put value of 73,109,550,000 Combined total value = 78,040,655,000
Strike 18800 has a total call value of 5,064,480,000 versus a total put value of 67,994,665,000 Combined total value = 73,059,145,000
Strike 18850 has a total call value of 5,200,525,000 versus a total put value of 63,059,927,500 Combined total value = 68,260,452,500
Strike 18900 has a total call value of 5,336,705,000 versus a total put value of 58,160,195,000 Combined total value = 63,496,900,000
Strike 18950 has a total call value of 5,476,165,000 versus a total put value of 53,412,305,000 Combined total value = 58,888,470,000
Strike 19000 has a total call value of 5,615,880,000 versus a total put value of 48,705,215,000 Combined total value = 54,321,095,000
Strike 19050 has a total call value of 5,813,520,000 versus a total put value of 44,506,962,500 Combined total value = 50,320,482,500
Strike 19100 has a total call value of 6,011,700,000 versus a total put value of 40,443,422,500 Combined total value = 46,455,122,500
Strike 19150 has a total call value of 6,215,037,500 versus a total put value of 36,496,277,500 Combined total value = 42,711,315,000
Strike 19200 has a total call value of 6,419,352,500 versus a total put value of 32,652,445,000 Combined total value = 39,071,797,500
Strike 19250 has a total call value of 6,632,775,000 versus a total put value of 28,983,770,000 Combined total value = 35,616,545,000
Strike 19300 has a total call value of 6,850,925,000 versus a total put value of 25,421,897,500 Combined total value = 32,272,822,500
Strike 19350 has a total call value of 7,110,702,500 versus a total put value of 22,089,350,000 Combined total value = 29,200,052,500
Strike 19400 has a total call value of 7,373,220,000 versus a total put value of 18,841,367,500 Combined total value = 26,214,587,500
Strike 19450 has a total call value of 7,674,935,000 versus a total put value of 15,857,482,500 Combined total value = 23,532,417,500
Strike 19500 has a total call value of 7,982,500,000 versus a total put value of 13,031,515,000 Combined total value = 21,014,015,000
Strike 19550 has a total call value of 8,378,432,500 versus a total put value of 10,622,875,000 Combined total value = 19,001,307,500
Strike 19600 has a total call value of 8,798,720,000 versus a total put value of 8,418,385,000 Combined total value = 17,217,105,000
Strike 19650 has a total call value of 9,346,807,500 versus a total put value of 6,722,440,000 Combined total value = 16,069,247,500
Strike 19700 has a total call value of 10,008,987,500 versus a total put value of 5,270,760,000 Combined total value = 15,279,747,500
Strike 19750 has a total call value of 11,103,250,000 versus a total put value of 4,344,775,000 Combined total value = 15,448,025,000
Strike 19800 has a total call value of 12,415,020,000 versus a total put value of 3,560,385,000 Combined total value = 15,975,405,000
Strike 19850 has a total call value of 14,337,585,000 versus a total put value of 3,095,252,500 Combined total value = 17,432,837,500
Strike 19900 has a total call value of 16,503,775,000 versus a total put value of 2,684,412,500 Combined total value = 19,188,187,500
Strike 19950 has a total call value of 19,113,777,500 versus a total put value of 2,386,347,500 Combined total value = 21,500,125,000
Strike 20000 has a total call value of 21,924,345,000 versus a total put value of 2,108,485,000 Combined total value = 24,032,830,000
Strike 20050 has a total call value of 25,279,540,000 versus a total put value of 1,944,397,500 Combined total value = 27,223,937,500
Strike 20100 has a total call value of 28,822,382,500 versus a total put value of 1,791,407,500 Combined total value = 30,613,790,000
Strike 20150 has a total call value of 32,640,360,000 versus a total put value of 1,665,437,500 Combined total value = 34,305,797,500
Strike 20200 has a total call value of 36,613,097,500 versus a total put value of 1,548,440,000 Combined total value = 38,161,537,500
Strike 20250 has a total call value of 40,959,810,000 versus a total put value of 1,473,045,000 Combined total value = 42,432,855,000
Strike 20300 has a total call value of 45,408,275,000 versus a total put value of 1,399,507,500 Combined total value = 46,807,782,500
Strike 20350 has a total call value of 50,127,440,000 versus a total put value of 1,334,112,500 Combined total value = 51,461,552,500
Strike 20400 has a total call value of 54,931,942,500 versus a total put value of 1,270,327,500 Combined total value = 56,202,270,000
Strike 20450 has a total call value of 59,872,322,500 versus a total put value of 1,209,217,500 Combined total value = 61,081,540,000
Strike 20500 has a total call value of 64,850,585,000 versus a total put value of 1,148,872,500 Combined total value = 65,999,457,500
Strike 20550 has a total call value of 70,124,772,500 versus a total put value of 1,100,210,000 Combined total value = 71,224,982,500
Strike 20600 has a total call value of 75,478,175,000 versus a total put value of 1,051,705,000 Combined total value = 76,529,880,000
Strike 20650 has a total call value of 80,972,230,000 versus a total put value of 1,004,007,500 Combined total value = 81,976,237,500
Strike 20700 has a total call value of 86,504,732,500 versus a total put value of 956,670,000 Combined total value = 87,461,402,500
Strike 20750 has a total call value of 92,126,307,500 versus a total put value of 910,442,500 Combined total value = 93,036,750,000
Strike 20800 has a total call value of 97,765,432,500 versus a total put value of 864,280,000 Combined total value = 98,629,712,500
Strike 20850 has a total call value of 103,498,162,500 versus a total put value of 818,490,000 Combined total value = 104,316,652,500
Strike 20900 has a total call value of 109,239,587,500 versus a total put value of 772,710,000 Combined total value = 110,012,297,500
Strike 20950 has a total call value of 115,012,457,500 versus a total put value of 727,077,500 Combined total value = 115,739,535,000
Strike 21000 has a total call value of 120,792,350,000 versus a total put value of 681,452,500 Combined total value = 121,473,802,500
Strike 21050 has a total call value of 126,741,080,000 versus a total put value of 653,025,000 Combined total value = 127,394,105,000
Strike 21100 has a total call value of 132,695,390,000 versus a total put value of 624,597,500 Combined total value = 133,319,987,500
Strike 21150 has a total call value of 138,664,515,000 versus a total put value of 596,255,000 Combined total value = 139,260,770,000
Strike 21200 has a total call value of 144,636,422,500 versus a total put value of 567,917,500 Combined total value = 145,204,340,000
Strike 21250 has a total call value of 150,625,917,500 versus a total put value of 539,602,500 Combined total value = 151,165,520,000
Strike 21300 has a total call value of 156,617,607,500 versus a total put value of 511,297,500 Combined total value = 157,128,905,000
Strike 21350 has a total call value of 162,625,872,500 versus a total put value of 483,005,000 Combined total value = 163,108,877,500
Strike 21400 has a total call value of 168,643,997,500 versus a total put value of 454,720,000 Combined total value = 169,098,717,500
Strike 21450 has a total call value of 174,691,695,000 versus a total put value of 426,460,000 Combined total value = 175,118,155,000
Strike 21500 has a total call value of 180,751,565,000 versus a total put value of 398,200,000 Combined total value = 181,149,765,000
Strike 21550 has a total call value of 187,012,045,000 versus a total put value of 373,140,000 Combined total value = 187,385,185,000
Strike 21600 has a total call value of 193,279,777,500 versus a total put value of 348,080,000 Combined total value = 193,627,857,500
Strike 21650 has a total call value of 199,570,160,000 versus a total put value of 323,020,000 Combined total value = 199,893,180,000
Strike 21700 has a total call value of 205,874,517,500 versus a total put value of 297,960,000 Combined total value = 206,172,477,500
Strike 22000 has a total call value of 243,878,352,500 versus a total put value of 147,600,000 Combined total value = 244,025,952,500
Strike 23000 has a total call value of 371,696,552,500 versus a total put value of 10,000,000 Combined total value = 371,706,552,500
Strike 24000 has a total call value of 500,909,252,500 versus a total put value of 0 Combined total value = 500,909,252,500
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.