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NIFTY
NIFTY 50

21982.8 31.65 (0.14%)


Strike  19850  has a total call value of 0  versus a total put value of  6,654,082,500,000 Combined total value = 6,654,082,500,000

Strike  19900  has a total call value of 4,000,000  versus a total put value of  6,433,997,000,000 Combined total value = 6,434,001,000,000

Strike  19950  has a total call value of 9,500,000  versus a total put value of  6,219,043,500,000 Combined total value = 6,219,053,000,000

Strike  20000  has a total call value of 15,000,000  versus a total put value of  6,004,238,750,000 Combined total value = 6,004,253,750,000

Strike  20050  has a total call value of 337,750,000  versus a total put value of  5,800,914,500,000 Combined total value = 5,801,252,250,000

Strike  20100  has a total call value of 660,500,000  versus a total put value of  5,597,708,000,000 Combined total value = 5,598,368,500,000

Strike  20150  has a total call value of 989,500,000  versus a total put value of  5,395,475,750,000 Combined total value = 5,396,465,250,000

Strike  20200  has a total call value of 1,327,250,000  versus a total put value of  5,193,310,750,000 Combined total value = 5,194,638,000,000

Strike  20250  has a total call value of 1,669,500,000  versus a total put value of  4,992,398,000,000 Combined total value = 4,994,067,500,000

Strike  20300  has a total call value of 2,011,750,000  versus a total put value of  4,791,539,000,000 Combined total value = 4,793,550,750,000

Strike  20350  has a total call value of 2,363,750,000  versus a total put value of  4,592,595,000,000 Combined total value = 4,594,958,750,000

Strike  20400  has a total call value of 2,738,000,000  versus a total put value of  4,393,720,250,000 Combined total value = 4,396,458,250,000

Strike  20450  has a total call value of 3,123,750,000  versus a total put value of  4,195,724,500,000 Combined total value = 4,198,848,250,000

Strike  20500  has a total call value of 3,509,500,000  versus a total put value of  3,997,948,750,000 Combined total value = 4,001,458,250,000

Strike  20550  has a total call value of 4,026,250,000  versus a total put value of  3,806,458,500,000 Combined total value = 3,810,484,750,000

Strike  20600  has a total call value of 4,557,250,000  versus a total put value of  3,615,124,000,000 Combined total value = 3,619,681,250,000

Strike  20650  has a total call value of 5,098,500,000  versus a total put value of  3,425,342,250,000 Combined total value = 3,430,440,750,000

Strike  20700  has a total call value of 5,639,750,000  versus a total put value of  3,235,916,750,000 Combined total value = 3,241,556,500,000

Strike  20750  has a total call value of 6,189,500,000  versus a total put value of  3,050,184,500,000 Combined total value = 3,056,374,000,000

Strike  20800  has a total call value of 6,739,250,000  versus a total put value of  2,865,030,750,000 Combined total value = 2,871,770,000,000

Strike  20850  has a total call value of 7,379,250,000  versus a total put value of  2,686,408,500,000 Combined total value = 2,693,787,750,000

Strike  20900  has a total call value of 8,038,000,000  versus a total put value of  2,508,553,000,000 Combined total value = 2,516,591,000,000

Strike  20950  has a total call value of 8,762,250,000  versus a total put value of  2,334,808,000,000 Combined total value = 2,343,570,250,000

Strike  21000  has a total call value of 9,494,000,000  versus a total put value of  2,163,552,500,000 Combined total value = 2,173,046,500,000

Strike  21050  has a total call value of 10,680,750,000  versus a total put value of  2,014,537,750,000 Combined total value = 2,025,218,500,000

Strike  21100  has a total call value of 11,877,750,000  versus a total put value of  1,866,973,500,000 Combined total value = 1,878,851,250,000

Strike  21150  has a total call value of 13,111,250,000  versus a total put value of  1,724,098,000,000 Combined total value = 1,737,209,250,000

Strike  21200  has a total call value of 14,375,750,000  versus a total put value of  1,583,878,750,000 Combined total value = 1,598,254,500,000

Strike  21250  has a total call value of 15,934,250,000  versus a total put value of  1,451,497,250,000 Combined total value = 1,467,431,500,000

Strike  21300  has a total call value of 17,513,000,000  versus a total put value of  1,321,403,250,000 Combined total value = 1,338,916,250,000

Strike  21350  has a total call value of 19,308,250,000  versus a total put value of  1,198,612,250,000 Combined total value = 1,217,920,500,000

Strike  21400  has a total call value of 21,119,500,000  versus a total put value of  1,077,274,500,000 Combined total value = 1,098,394,000,000

Strike  21450  has a total call value of 23,244,500,000  versus a total put value of  962,332,000,000 Combined total value = 985,576,500,000

Strike  21500  has a total call value of 25,410,750,000  versus a total put value of  848,944,750,000 Combined total value = 874,355,500,000

Strike  21550  has a total call value of 28,244,750,000  versus a total put value of  748,162,250,000 Combined total value = 776,407,000,000

Strike  21600  has a total call value of 31,209,750,000  versus a total put value of  649,383,500,000 Combined total value = 680,593,250,000

Strike  21650  has a total call value of 34,389,000,000  versus a total put value of  558,014,750,000 Combined total value = 592,403,750,000

Strike  21700  has a total call value of 37,747,000,000  versus a total put value of  468,594,500,000 Combined total value = 506,341,500,000

Strike  21750  has a total call value of 42,237,000,000  versus a total put value of  387,371,000,000 Combined total value = 429,608,000,000

Strike  21800  has a total call value of 47,027,250,000  versus a total put value of  313,047,500,000 Combined total value = 360,074,750,000

Strike  21850  has a total call value of 53,587,250,000  versus a total put value of  253,800,250,000 Combined total value = 307,387,500,000

Strike  21900  has a total call value of 60,525,500,000  versus a total put value of  197,280,500,000 Combined total value = 257,806,000,000

Strike  21950  has a total call value of 73,326,500,000  versus a total put value of  152,781,500,000 Combined total value = 226,108,000,000

Strike  22000  has a total call value of 88,024,750,000  versus a total put value of  111,750,500,000 Combined total value = 199,775,250,000

Strike  22050  has a total call value of 121,052,500,000  versus a total put value of  88,315,500,000 Combined total value = 209,368,000,000

Strike  22100  has a total call value of 157,581,250,000  versus a total put value of  67,220,750,000 Combined total value = 224,802,000,000

Strike  22150  has a total call value of 204,388,250,000  versus a total put value of  52,527,500,000 Combined total value = 256,915,750,000

Strike  22200  has a total call value of 254,723,500,000  versus a total put value of  38,493,000,000 Combined total value = 293,216,500,000

Strike  22250  has a total call value of 321,971,250,000  versus a total put value of  30,774,250,000 Combined total value = 352,745,500,000

Strike  22300  has a total call value of 392,828,000,000  versus a total put value of  23,598,750,000 Combined total value = 416,426,750,000

Strike  22350  has a total call value of 479,931,250,000  versus a total put value of  19,073,000,000 Combined total value = 499,004,250,000

Strike  22400  has a total call value of 570,019,500,000  versus a total put value of  14,861,000,000 Combined total value = 584,880,500,000

Strike  22450  has a total call value of 671,886,750,000  versus a total put value of  11,162,250,000 Combined total value = 683,049,000,000

Strike  22500  has a total call value of 779,067,250,000  versus a total put value of  7,636,500,000 Combined total value = 786,703,750,000

Strike  22550  has a total call value of 899,789,750,000  versus a total put value of  6,165,750,000 Combined total value = 905,955,500,000

Strike  22600  has a total call value of 1,023,289,500,000  versus a total put value of  4,767,250,000 Combined total value = 1,028,056,750,000

Strike  22650  has a total call value of 1,154,658,000,000  versus a total put value of  3,956,000,000 Combined total value = 1,158,614,000,000

Strike  22700  has a total call value of 1,289,434,750,000  versus a total put value of  3,249,250,000 Combined total value = 1,292,684,000,000

Strike  22750  has a total call value of 1,438,169,500,000  versus a total put value of  2,701,500,000 Combined total value = 1,440,871,000,000

Strike  22800  has a total call value of 1,590,627,500,000  versus a total put value of  2,212,500,000 Combined total value = 1,592,840,000,000

Strike  22850  has a total call value of 1,756,111,000,000  versus a total put value of  1,905,250,000 Combined total value = 1,758,016,250,000

Strike  22900  has a total call value of 1,928,062,750,000  versus a total put value of  1,637,500,000 Combined total value = 1,929,700,250,000

Strike  22950  has a total call value of 2,109,905,750,000  versus a total put value of  1,391,500,000 Combined total value = 2,111,297,250,000

Strike  23000  has a total call value of 2,294,081,250,000  versus a total put value of  1,145,500,000 Combined total value = 2,295,226,750,000

Strike  23050  has a total call value of 2,499,672,000,000  versus a total put value of  1,015,750,000 Combined total value = 2,500,687,750,000

Strike  23100  has a total call value of 2,706,725,000,000  versus a total put value of  890,000,000 Combined total value = 2,707,615,000,000

Strike  23150  has a total call value of 2,919,812,750,000  versus a total put value of  768,250,000 Combined total value = 2,920,581,000,000

Strike  23200  has a total call value of 3,133,896,250,000  versus a total put value of  646,500,000 Combined total value = 3,134,542,750,000

Strike  23250  has a total call value of 3,354,034,750,000  versus a total put value of  524,750,000 Combined total value = 3,354,559,500,000

Strike  23300  has a total call value of 3,574,947,000,000  versus a total put value of  403,000,000 Combined total value = 3,575,350,000,000

Strike  23350  has a total call value of 3,798,566,750,000  versus a total put value of  303,250,000 Combined total value = 3,798,870,000,000

Strike  23400  has a total call value of 4,022,356,250,000  versus a total put value of  203,500,000 Combined total value = 4,022,559,750,000

Strike  23450  has a total call value of 4,247,215,000,000  versus a total put value of  103,750,000 Combined total value = 4,247,318,750,000

Strike  23500  has a total call value of 4,472,235,000,000  versus a total put value of  4,000,000 Combined total value = 4,472,239,000,000

Strike  23550  has a total call value of 4,708,582,500,000  versus a total put value of  3,500,000 Combined total value = 4,708,586,000,000

Strike  23600  has a total call value of 4,946,233,750,000  versus a total put value of  3,000,000 Combined total value = 4,946,236,750,000

Strike  23650  has a total call value of 5,185,787,500,000  versus a total put value of  2,500,000 Combined total value = 5,185,790,000,000

Strike  23700  has a total call value of 5,426,793,250,000  versus a total put value of  2,000,000 Combined total value = 5,426,795,250,000

Strike  23750  has a total call value of 5,669,685,250,000  versus a total put value of  1,500,000 Combined total value = 5,669,686,750,000

Strike  23800  has a total call value of 5,914,070,000,000  versus a total put value of  1,000,000 Combined total value = 5,914,071,000,000

Strike  23850  has a total call value of 6,162,716,000,000  versus a total put value of  500,000 Combined total value = 6,162,716,500,000

Strike  23900  has a total call value of 6,412,836,000,000  versus a total put value of  0 Combined total value = 6,412,836,000,000

Strike  23950  has a total call value of 6,666,739,250,000  versus a total put value of  0 Combined total value = 6,666,739,250,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.