NIFTY
NIFTY 50
Max pain for NIFTY
25 Apr 2024 09:46 AM IST
Max Pain for NIFTY is 22400
Strike 19600 has a total call value of 0 versus a total put value of 45,826,193,000,000 Combined total value = 45,826,193,000,000
Strike 19650 has a total call value of 451,250,000 versus a total put value of 44,807,388,750,000 Combined total value = 44,807,840,000,000
Strike 19700 has a total call value of 902,500,000 versus a total put value of 43,790,591,750,000 Combined total value = 43,791,494,250,000
Strike 19750 has a total call value of 1,368,500,000 versus a total put value of 42,776,461,750,000 Combined total value = 42,777,830,250,000
Strike 19800 has a total call value of 1,834,500,000 versus a total put value of 41,763,630,000,000 Combined total value = 41,765,464,500,000
Strike 19850 has a total call value of 2,316,500,000 versus a total put value of 40,755,747,500,000 Combined total value = 40,758,064,000,000
Strike 19900 has a total call value of 2,798,500,000 versus a total put value of 39,748,266,250,000 Combined total value = 39,751,064,750,000
Strike 19950 has a total call value of 3,280,500,000 versus a total put value of 38,742,945,500,000 Combined total value = 38,746,226,000,000
Strike 20000 has a total call value of 3,762,500,000 versus a total put value of 37,737,900,500,000 Combined total value = 37,741,663,000,000
Strike 20050 has a total call value of 7,250,500,000 versus a total put value of 36,755,153,000,000 Combined total value = 36,762,403,500,000
Strike 20100 has a total call value of 10,738,500,000 versus a total put value of 35,773,108,000,000 Combined total value = 35,783,846,500,000
Strike 20150 has a total call value of 14,242,250,000 versus a total put value of 34,792,899,250,000 Combined total value = 34,807,141,500,000
Strike 20200 has a total call value of 17,746,000,000 versus a total put value of 33,813,234,500,000 Combined total value = 33,830,980,500,000
Strike 20250 has a total call value of 21,394,000,000 versus a total put value of 32,836,938,250,000 Combined total value = 32,858,332,250,000
Strike 20300 has a total call value of 25,042,000,000 versus a total put value of 31,861,013,000,000 Combined total value = 31,886,055,000,000
Strike 20350 has a total call value of 28,703,250,000 versus a total put value of 30,890,199,250,000 Combined total value = 30,918,902,500,000
Strike 20400 has a total call value of 32,364,500,000 versus a total put value of 29,919,759,250,000 Combined total value = 29,952,123,750,000
Strike 20450 has a total call value of 36,042,750,000 versus a total put value of 28,951,071,750,000 Combined total value = 28,987,114,500,000
Strike 20500 has a total call value of 39,721,000,000 versus a total put value of 27,983,162,250,000 Combined total value = 28,022,883,250,000
Strike 20550 has a total call value of 44,214,250,000 versus a total put value of 27,033,682,250,000 Combined total value = 27,077,896,500,000
Strike 20600 has a total call value of 48,707,500,000 versus a total put value of 26,085,689,750,000 Combined total value = 26,134,397,250,000
Strike 20650 has a total call value of 53,200,750,000 versus a total put value of 25,142,052,500,000 Combined total value = 25,195,253,250,000
Strike 20700 has a total call value of 57,705,500,000 versus a total put value of 24,201,199,250,000 Combined total value = 24,258,904,750,000
Strike 20750 has a total call value of 62,286,000,000 versus a total put value of 23,264,166,000,000 Combined total value = 23,326,452,000,000
Strike 20800 has a total call value of 66,866,500,000 versus a total put value of 22,329,559,000,000 Combined total value = 22,396,425,500,000
Strike 20850 has a total call value of 71,447,000,000 versus a total put value of 21,400,217,000,000 Combined total value = 21,471,664,000,000
Strike 20900 has a total call value of 76,027,500,000 versus a total put value of 20,473,622,500,000 Combined total value = 20,549,650,000,000
Strike 20950 has a total call value of 80,631,250,000 versus a total put value of 19,554,209,750,000 Combined total value = 19,634,841,000,000
Strike 21000 has a total call value of 85,236,500,000 versus a total put value of 18,637,289,000,000 Combined total value = 18,722,525,500,000
Strike 21050 has a total call value of 91,744,500,000 versus a total put value of 17,749,590,500,000 Combined total value = 17,841,335,000,000
Strike 21100 has a total call value of 98,260,500,000 versus a total put value of 16,864,653,000,000 Combined total value = 16,962,913,500,000
Strike 21150 has a total call value of 104,776,500,000 versus a total put value of 15,986,857,500,000 Combined total value = 16,091,634,000,000
Strike 21200 has a total call value of 111,292,500,000 versus a total put value of 15,112,197,750,000 Combined total value = 15,223,490,250,000
Strike 21250 has a total call value of 117,888,000,000 versus a total put value of 14,248,402,500,000 Combined total value = 14,366,290,500,000
Strike 21300 has a total call value of 124,508,750,000 versus a total put value of 13,388,076,000,000 Combined total value = 13,512,584,750,000
Strike 21350 has a total call value of 131,222,750,000 versus a total put value of 12,537,967,000,000 Combined total value = 12,669,189,750,000
Strike 21400 has a total call value of 137,936,750,000 versus a total put value of 11,692,206,250,000 Combined total value = 11,830,143,000,000
Strike 21450 has a total call value of 144,859,500,000 versus a total put value of 10,857,579,000,000 Combined total value = 11,002,438,500,000
Strike 21500 has a total call value of 151,831,250,000 versus a total put value of 10,027,863,250,000 Combined total value = 10,179,694,500,000
Strike 21550 has a total call value of 160,541,750,000 versus a total put value of 9,237,956,500,000 Combined total value = 9,398,498,250,000
Strike 21600 has a total call value of 169,363,000,000 versus a total put value of 8,455,488,500,000 Combined total value = 8,624,851,500,000
Strike 21650 has a total call value of 178,856,500,000 versus a total put value of 7,695,556,250,000 Combined total value = 7,874,412,750,000
Strike 21700 has a total call value of 188,486,500,000 versus a total put value of 6,946,439,000,000 Combined total value = 7,134,925,500,000
Strike 21750 has a total call value of 198,919,500,000 versus a total put value of 6,227,163,750,000 Combined total value = 6,426,083,250,000
Strike 21800 has a total call value of 209,603,250,000 versus a total put value of 5,523,072,000,000 Combined total value = 5,732,675,250,000
Strike 21850 has a total call value of 223,535,000,000 versus a total put value of 4,866,318,750,000 Combined total value = 5,089,853,750,000
Strike 21900 has a total call value of 238,656,000,000 versus a total put value of 4,231,537,000,000 Combined total value = 4,470,193,000,000
Strike 21950 has a total call value of 256,850,000,000 versus a total put value of 3,642,699,000,000 Combined total value = 3,899,549,000,000
Strike 22000 has a total call value of 276,658,500,000 versus a total put value of 3,076,952,750,000 Combined total value = 3,353,611,250,000
Strike 22050 has a total call value of 306,925,750,000 versus a total put value of 2,584,657,750,000 Combined total value = 2,891,583,500,000
Strike 22100 has a total call value of 339,585,250,000 versus a total put value of 2,113,728,000,000 Combined total value = 2,453,313,250,000
Strike 22150 has a total call value of 377,430,250,000 versus a total put value of 1,694,965,250,000 Combined total value = 2,072,395,500,000
Strike 22200 has a total call value of 417,484,500,000 versus a total put value of 1,303,600,500,000 Combined total value = 1,721,085,000,000
Strike 22250 has a total call value of 469,879,750,000 versus a total put value of 977,500,000,000 Combined total value = 1,447,379,750,000
Strike 22300 has a total call value of 530,938,000,000 versus a total put value of 688,003,000,000 Combined total value = 1,218,941,000,000
Strike 22350 has a total call value of 625,661,500,000 versus a total put value of 486,091,250,000 Combined total value = 1,111,752,750,000
Strike 22400 has a total call value of 757,495,000,000 versus a total put value of 351,574,250,000 Combined total value = 1,109,069,250,000
Strike 22450 has a total call value of 978,743,000,000 versus a total put value of 289,073,000,000 Combined total value = 1,267,816,000,000
Strike 22500 has a total call value of 1,254,946,000,000 versus a total put value of 242,415,750,000 Combined total value = 1,497,361,750,000
Strike 22550 has a total call value of 1,614,685,500,000 versus a total put value of 218,062,750,000 Combined total value = 1,832,748,250,000
Strike 22600 has a total call value of 2,017,631,000,000 versus a total put value of 195,829,000,000 Combined total value = 2,213,460,000,000
Strike 22650 has a total call value of 2,496,516,000,000 versus a total put value of 178,212,000,000 Combined total value = 2,674,728,000,000
Strike 22700 has a total call value of 3,022,485,000,000 versus a total put value of 161,988,250,000 Combined total value = 3,184,473,250,000
Strike 22750 has a total call value of 3,634,640,750,000 versus a total put value of 148,931,500,000 Combined total value = 3,783,572,250,000
Strike 22800 has a total call value of 4,287,793,500,000 versus a total put value of 136,390,000,000 Combined total value = 4,424,183,500,000
Strike 22850 has a total call value of 5,002,338,000,000 versus a total put value of 125,951,500,000 Combined total value = 5,128,289,500,000
Strike 22900 has a total call value of 5,740,039,000,000 versus a total put value of 115,677,250,000 Combined total value = 5,855,716,250,000
Strike 22950 has a total call value of 6,522,420,750,000 versus a total put value of 105,846,250,000 Combined total value = 6,628,267,000,000
Strike 23000 has a total call value of 7,321,507,000,000 versus a total put value of 96,101,750,000 Combined total value = 7,417,608,750,000
Strike 23050 has a total call value of 8,193,502,750,000 versus a total put value of 90,404,250,000 Combined total value = 8,283,907,000,000
Strike 23100 has a total call value of 9,070,955,000,000 versus a total put value of 84,792,750,000 Combined total value = 9,155,747,750,000
Strike 23150 has a total call value of 9,959,854,250,000 versus a total put value of 79,289,250,000 Combined total value = 10,039,143,500,000
Strike 23200 has a total call value of 10,851,421,250,000 versus a total put value of 73,812,000,000 Combined total value = 10,925,233,250,000
Strike 23250 has a total call value of 11,757,060,750,000 versus a total put value of 68,410,250,000 Combined total value = 11,825,471,000,000
Strike 23300 has a total call value of 12,665,264,000,000 versus a total put value of 63,040,500,000 Combined total value = 12,728,304,500,000
Strike 23350 has a total call value of 13,583,546,000,000 versus a total put value of 57,714,000,000 Combined total value = 13,641,260,000,000
Strike 23400 has a total call value of 14,503,726,250,000 versus a total put value of 52,438,500,000 Combined total value = 14,556,164,750,000
Strike 23450 has a total call value of 15,430,687,250,000 versus a total put value of 47,197,250,000 Combined total value = 15,477,884,500,000
Strike 23500 has a total call value of 16,359,362,250,000 versus a total put value of 41,998,000,000 Combined total value = 16,401,360,250,000
Strike 23550 has a total call value of 17,316,124,750,000 versus a total put value of 37,815,500,000 Combined total value = 17,353,940,250,000
Strike 23600 has a total call value of 18,275,230,000,000 versus a total put value of 33,633,000,000 Combined total value = 18,308,863,000,000
Strike 23650 has a total call value of 19,241,010,500,000 versus a total put value of 29,466,750,000 Combined total value = 19,270,477,250,000
Strike 23700 has a total call value of 20,207,827,000,000 versus a total put value of 25,300,500,000 Combined total value = 20,233,127,500,000
Strike 23750 has a total call value of 21,177,557,500,000 versus a total put value of 21,146,500,000 Combined total value = 21,198,704,000,000
Strike 23800 has a total call value of 22,147,755,250,000 versus a total put value of 16,992,500,000 Combined total value = 22,164,747,750,000
Strike 23850 has a total call value of 23,120,914,750,000 versus a total put value of 12,838,500,000 Combined total value = 23,133,753,250,000
Strike 23900 has a total call value of 24,094,528,250,000 versus a total put value of 8,684,500,000 Combined total value = 24,103,212,750,000
Strike 23950 has a total call value of 25,071,738,750,000 versus a total put value of 4,530,500,000 Combined total value = 25,076,269,250,000
Strike 24000 has a total call value of 26,049,887,250,000 versus a total put value of 376,500,000 Combined total value = 26,050,263,750,000
Strike 24050 has a total call value of 27,053,968,250,000 versus a total put value of 315,750,000 Combined total value = 27,054,284,000,000
Strike 24100 has a total call value of 28,058,424,500,000 versus a total put value of 255,000,000 Combined total value = 28,058,679,500,000
Strike 24150 has a total call value of 29,063,939,750,000 versus a total put value of 194,250,000 Combined total value = 29,064,134,000,000
Strike 24200 has a total call value of 30,069,825,750,000 versus a total put value of 133,500,000 Combined total value = 30,069,959,250,000
Strike 24250 has a total call value of 31,077,803,500,000 versus a total put value of 111,250,000 Combined total value = 31,077,914,750,000
Strike 24300 has a total call value of 32,087,149,000,000 versus a total put value of 89,000,000 Combined total value = 32,087,238,000,000
Strike 24350 has a total call value of 33,097,894,000,000 versus a total put value of 66,750,000 Combined total value = 33,097,960,750,000
Strike 24400 has a total call value of 34,109,538,750,000 versus a total put value of 44,500,000 Combined total value = 34,109,583,250,000
Strike 24450 has a total call value of 35,123,845,250,000 versus a total put value of 22,250,000 Combined total value = 35,123,867,500,000
Strike 24500 has a total call value of 36,138,641,500,000 versus a total put value of 0 Combined total value = 36,138,641,500,000
Max Pain - Choose a symbol
Index
A
B
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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.