NIFTY
NIFTY 50
Max pain for NIFTY
19 Apr 2024 04:21 PM IST
Max Pain for NIFTY is 22200
Strike 19600 has a total call value of 0 versus a total put value of 18,023,050,000,000 Combined total value = 18,023,050,000,000
Strike 19650 has a total call value of 856,500,000 versus a total put value of 17,551,078,500,000 Combined total value = 17,551,935,000,000
Strike 19700 has a total call value of 1,713,000,000 versus a total put value of 17,081,579,500,000 Combined total value = 17,083,292,500,000
Strike 19750 has a total call value of 2,589,000,000 versus a total put value of 16,615,557,750,000 Combined total value = 16,618,146,750,000
Strike 19800 has a total call value of 3,465,000,000 versus a total put value of 16,151,016,000,000 Combined total value = 16,154,481,000,000
Strike 19850 has a total call value of 4,360,750,000 versus a total put value of 15,691,683,250,000 Combined total value = 15,696,044,000,000
Strike 19900 has a total call value of 5,256,500,000 versus a total put value of 15,232,763,500,000 Combined total value = 15,238,020,000,000
Strike 19950 has a total call value of 6,170,750,000 versus a total put value of 14,776,293,750,000 Combined total value = 14,782,464,500,000
Strike 20000 has a total call value of 7,087,250,000 versus a total put value of 14,320,310,500,000 Combined total value = 14,327,397,750,000
Strike 20050 has a total call value of 13,242,250,000 versus a total put value of 13,888,727,250,000 Combined total value = 13,901,969,500,000
Strike 20100 has a total call value of 19,397,250,000 versus a total put value of 13,457,623,250,000 Combined total value = 13,477,020,500,000
Strike 20150 has a total call value of 25,573,750,000 versus a total put value of 13,028,597,000,000 Combined total value = 13,054,170,750,000
Strike 20200 has a total call value of 31,752,000,000 versus a total put value of 12,600,023,750,000 Combined total value = 12,631,775,750,000
Strike 20250 has a total call value of 38,094,500,000 versus a total put value of 12,175,166,750,000 Combined total value = 12,213,261,250,000
Strike 20300 has a total call value of 44,440,500,000 versus a total put value of 11,750,673,750,000 Combined total value = 11,795,114,250,000
Strike 20350 has a total call value of 50,855,500,000 versus a total put value of 11,331,822,000,000 Combined total value = 11,382,677,500,000
Strike 20400 has a total call value of 57,272,000,000 versus a total put value of 10,913,707,250,000 Combined total value = 10,970,979,250,000
Strike 20450 has a total call value of 63,713,250,000 versus a total put value of 10,499,123,250,000 Combined total value = 10,562,836,500,000
Strike 20500 has a total call value of 70,160,500,000 versus a total put value of 10,085,466,750,000 Combined total value = 10,155,627,250,000
Strike 20550 has a total call value of 77,705,750,000 versus a total put value of 9,692,304,750,000 Combined total value = 9,770,010,500,000
Strike 20600 has a total call value of 85,263,250,000 versus a total put value of 9,299,764,500,000 Combined total value = 9,385,027,750,000
Strike 20650 has a total call value of 92,866,250,000 versus a total put value of 8,912,504,500,000 Combined total value = 9,005,370,750,000
Strike 20700 has a total call value of 100,481,250,000 versus a total put value of 8,526,061,500,000 Combined total value = 8,626,542,750,000
Strike 20750 has a total call value of 108,318,000,000 versus a total put value of 8,143,031,500,000 Combined total value = 8,251,349,500,000
Strike 20800 has a total call value of 116,162,500,000 versus a total put value of 7,761,668,250,000 Combined total value = 7,877,830,750,000
Strike 20850 has a total call value of 124,121,750,000 versus a total put value of 7,388,016,750,000 Combined total value = 7,512,138,500,000
Strike 20900 has a total call value of 132,081,000,000 versus a total put value of 7,015,722,250,000 Combined total value = 7,147,803,250,000
Strike 20950 has a total call value of 140,075,750,000 versus a total put value of 6,648,077,500,000 Combined total value = 6,788,153,250,000
Strike 21000 has a total call value of 148,070,500,000 versus a total put value of 6,281,823,500,000 Combined total value = 6,429,894,000,000
Strike 21050 has a total call value of 158,807,500,000 versus a total put value of 5,945,435,750,000 Combined total value = 6,104,243,250,000
Strike 21100 has a total call value of 169,544,500,000 versus a total put value of 5,610,906,750,000 Combined total value = 5,780,451,250,000
Strike 21150 has a total call value of 180,310,250,000 versus a total put value of 5,282,195,000,000 Combined total value = 5,462,505,250,000
Strike 21200 has a total call value of 191,081,500,000 versus a total put value of 4,957,765,250,000 Combined total value = 5,148,846,750,000
Strike 21250 has a total call value of 201,966,250,000 versus a total put value of 4,645,307,500,000 Combined total value = 4,847,273,750,000
Strike 21300 has a total call value of 212,885,750,000 versus a total put value of 4,334,595,500,000 Combined total value = 4,547,481,250,000
Strike 21350 has a total call value of 223,950,750,000 versus a total put value of 4,032,300,500,000 Combined total value = 4,256,251,250,000
Strike 21400 has a total call value of 235,045,000,000 versus a total put value of 3,732,697,750,000 Combined total value = 3,967,742,750,000
Strike 21450 has a total call value of 246,365,500,000 versus a total put value of 3,442,592,500,000 Combined total value = 3,688,958,000,000
Strike 21500 has a total call value of 257,753,750,000 versus a total put value of 3,157,154,750,000 Combined total value = 3,414,908,500,000
Strike 21550 has a total call value of 271,874,250,000 versus a total put value of 2,898,685,000,000 Combined total value = 3,170,559,250,000
Strike 21600 has a total call value of 286,120,750,000 versus a total put value of 2,643,281,750,000 Combined total value = 2,929,402,500,000
Strike 21650 has a total call value of 301,362,000,000 versus a total put value of 2,399,801,500,000 Combined total value = 2,701,163,500,000
Strike 21700 has a total call value of 316,803,000,000 versus a total put value of 2,160,089,750,000 Combined total value = 2,476,892,750,000
Strike 21750 has a total call value of 333,936,500,000 versus a total put value of 1,938,538,750,000 Combined total value = 2,272,475,250,000
Strike 21800 has a total call value of 351,459,750,000 versus a total put value of 1,722,467,250,000 Combined total value = 2,073,927,000,000
Strike 21850 has a total call value of 374,190,000,000 versus a total put value of 1,533,064,500,000 Combined total value = 1,907,254,500,000
Strike 21900 has a total call value of 398,665,750,000 versus a total put value of 1,354,030,250,000 Combined total value = 1,752,696,000,000
Strike 21950 has a total call value of 428,720,500,000 versus a total put value of 1,193,244,000,000 Combined total value = 1,621,964,500,000
Strike 22000 has a total call value of 461,441,500,000 versus a total put value of 1,042,638,000,000 Combined total value = 1,504,079,500,000
Strike 22050 has a total call value of 515,287,000,000 versus a total put value of 932,926,000,000 Combined total value = 1,448,213,000,000
Strike 22100 has a total call value of 572,855,500,000 versus a total put value of 828,510,750,000 Combined total value = 1,401,366,250,000
Strike 22150 has a total call value of 643,652,250,000 versus a total put value of 738,269,750,000 Combined total value = 1,381,922,000,000
Strike 22200 has a total call value of 720,805,250,000 versus a total put value of 652,761,000,000 Combined total value = 1,373,566,250,000
Strike 22250 has a total call value of 823,485,250,000 versus a total put value of 583,923,250,000 Combined total value = 1,407,408,500,000
Strike 22300 has a total call value of 932,693,000,000 versus a total put value of 517,349,750,000 Combined total value = 1,450,042,750,000
Strike 22350 has a total call value of 1,066,425,000,000 versus a total put value of 465,888,500,000 Combined total value = 1,532,313,500,000
Strike 22400 has a total call value of 1,207,380,750,000 versus a total put value of 416,124,500,000 Combined total value = 1,623,505,250,000
Strike 22450 has a total call value of 1,368,536,250,000 versus a total put value of 374,666,750,000 Combined total value = 1,743,203,000,000
Strike 22500 has a total call value of 1,536,373,000,000 versus a total put value of 334,213,000,000 Combined total value = 1,870,586,000,000
Strike 22550 has a total call value of 1,739,328,000,000 versus a total put value of 306,963,000,000 Combined total value = 2,046,291,000,000
Strike 22600 has a total call value of 1,951,766,750,000 versus a total put value of 280,411,500,000 Combined total value = 2,232,178,250,000
Strike 22650 has a total call value of 2,187,457,000,000 versus a total put value of 257,883,250,000 Combined total value = 2,445,340,250,000
Strike 22700 has a total call value of 2,431,234,500,000 versus a total put value of 235,824,000,000 Combined total value = 2,667,058,500,000
Strike 22750 has a total call value of 2,694,909,000,000 versus a total put value of 218,124,500,000 Combined total value = 2,913,033,500,000
Strike 22800 has a total call value of 2,966,707,000,000 versus a total put value of 200,905,500,000 Combined total value = 3,167,612,500,000
Strike 22850 has a total call value of 3,259,659,000,000 versus a total put value of 186,607,750,000 Combined total value = 3,446,266,750,000
Strike 22900 has a total call value of 3,563,229,250,000 versus a total put value of 172,508,500,000 Combined total value = 3,735,737,750,000
Strike 22950 has a total call value of 3,882,098,250,000 versus a total put value of 159,071,000,000 Combined total value = 4,041,169,250,000
Strike 23000 has a total call value of 4,204,632,000,000 versus a total put value of 145,888,250,000 Combined total value = 4,350,520,250,000
Strike 23050 has a total call value of 4,578,635,000,000 versus a total put value of 137,470,750,000 Combined total value = 4,716,105,750,000
Strike 23100 has a total call value of 4,955,233,000,000 versus a total put value of 129,144,000,000 Combined total value = 5,084,377,000,000
Strike 23150 has a total call value of 5,339,475,750,000 versus a total put value of 120,957,750,000 Combined total value = 5,460,433,500,000
Strike 23200 has a total call value of 5,724,928,250,000 versus a total put value of 112,803,250,000 Combined total value = 5,837,731,500,000
Strike 23250 has a total call value of 6,120,543,250,000 versus a total put value of 104,773,000,000 Combined total value = 6,225,316,250,000
Strike 23300 has a total call value of 6,517,571,750,000 versus a total put value of 96,742,750,000 Combined total value = 6,614,314,500,000
Strike 23350 has a total call value of 6,920,853,000,000 versus a total put value of 88,759,250,000 Combined total value = 7,009,612,250,000
Strike 23400 has a total call value of 7,324,770,750,000 versus a total put value of 80,824,250,000 Combined total value = 7,405,595,000,000
Strike 23450 has a total call value of 7,734,060,000,000 versus a total put value of 72,928,000,000 Combined total value = 7,806,988,000,000
Strike 23500 has a total call value of 8,143,747,500,000 versus a total put value of 65,031,750,000 Combined total value = 8,208,779,250,000
Strike 23550 has a total call value of 8,574,943,500,000 versus a total put value of 58,540,500,000 Combined total value = 8,633,484,000,000
Strike 23600 has a total call value of 9,009,145,500,000 versus a total put value of 52,049,250,000 Combined total value = 9,061,194,750,000
Strike 23650 has a total call value of 9,445,975,000,000 versus a total put value of 45,575,500,000 Combined total value = 9,491,550,500,000
Strike 23700 has a total call value of 9,883,411,750,000 versus a total put value of 39,101,750,000 Combined total value = 9,922,513,500,000
Strike 23750 has a total call value of 10,323,554,500,000 versus a total put value of 32,643,750,000 Combined total value = 10,356,198,250,000
Strike 23800 has a total call value of 10,763,937,000,000 versus a total put value of 26,185,750,000 Combined total value = 10,790,122,750,000
Strike 23850 has a total call value of 11,207,317,000,000 versus a total put value of 19,744,500,000 Combined total value = 11,227,061,500,000
Strike 23900 has a total call value of 11,650,801,000,000 versus a total put value of 13,303,250,000 Combined total value = 11,664,104,250,000
Strike 23950 has a total call value of 12,097,912,750,000 versus a total put value of 6,873,500,000 Combined total value = 12,104,786,250,000
Strike 24000 has a total call value of 12,545,920,000,000 versus a total put value of 443,750,000 Combined total value = 12,546,363,750,000
Strike 24050 has a total call value of 13,024,716,250,000 versus a total put value of 353,500,000 Combined total value = 13,025,069,750,000
Strike 24100 has a total call value of 13,504,255,250,000 versus a total put value of 263,250,000 Combined total value = 13,504,518,500,000
Strike 24150 has a total call value of 13,985,064,750,000 versus a total put value of 193,250,000 Combined total value = 13,985,258,000,000
Strike 24200 has a total call value of 14,466,509,000,000 versus a total put value of 124,500,000 Combined total value = 14,466,633,500,000
Strike 24250 has a total call value of 14,950,376,250,000 versus a total put value of 103,750,000 Combined total value = 14,950,480,000,000
Strike 24300 has a total call value of 15,435,916,000,000 versus a total put value of 83,000,000 Combined total value = 15,435,999,000,000
Strike 24350 has a total call value of 15,923,153,250,000 versus a total put value of 62,250,000 Combined total value = 15,923,215,500,000
Strike 24400 has a total call value of 16,411,143,750,000 versus a total put value of 41,500,000 Combined total value = 16,411,185,250,000
Strike 24450 has a total call value of 16,901,775,250,000 versus a total put value of 20,750,000 Combined total value = 16,901,796,000,000
Strike 24500 has a total call value of 17,392,688,250,000 versus a total put value of 0 Combined total value = 17,392,688,250,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.