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NIFTY
Nifty

25383.75 27.25 (0.11%)

Max pain for NIFTY

16 Sep 2024 04:11 PM IST

Max Pain for NIFTY is 25350  



Strike  22400  has a total call value of 0  versus a total put value of  16,990,571,875,000 Combined total value = 16,990,571,875,000

Strike  22450  has a total call value of 0  versus a total put value of  16,572,617,750,000 Combined total value = 16,572,617,750,000

Strike  22500  has a total call value of 0  versus a total put value of  16,158,364,500,000 Combined total value = 16,158,364,500,000

Strike  22550  has a total call value of 0  versus a total put value of  15,759,282,500,000 Combined total value = 15,759,282,500,000

Strike  22600  has a total call value of 0  versus a total put value of  15,362,020,125,000 Combined total value = 15,362,020,125,000

Strike  22650  has a total call value of 0  versus a total put value of  14,968,856,250,000 Combined total value = 14,968,856,250,000

Strike  22700  has a total call value of 0  versus a total put value of  14,575,951,500,000 Combined total value = 14,575,951,500,000

Strike  22750  has a total call value of 4,500,000  versus a total put value of  14,184,916,000,000 Combined total value = 14,184,920,500,000

Strike  22800  has a total call value of 9,000,000  versus a total put value of  13,794,041,000,000 Combined total value = 13,794,050,000,000

Strike  22850  has a total call value of 13,500,000  versus a total put value of  13,404,139,000,000 Combined total value = 13,404,152,500,000

Strike  22900  has a total call value of 18,000,000  versus a total put value of  13,014,353,750,000 Combined total value = 13,014,371,750,000

Strike  22950  has a total call value of 37,250,000  versus a total put value of  12,625,067,875,000 Combined total value = 12,625,105,125,000

Strike  23000  has a total call value of 56,500,000  versus a total put value of  12,236,060,625,000 Combined total value = 12,236,117,125,000

Strike  23050  has a total call value of 208,875,000  versus a total put value of  11,864,917,625,000 Combined total value = 11,865,126,500,000

Strike  23100  has a total call value of 361,250,000  versus a total put value of  11,493,929,625,000 Combined total value = 11,494,290,875,000

Strike  23150  has a total call value of 513,625,000  versus a total put value of  11,125,407,750,000 Combined total value = 11,125,921,375,000

Strike  23200  has a total call value of 666,000,000  versus a total put value of  10,757,245,500,000 Combined total value = 10,757,911,500,000

Strike  23250  has a total call value of 818,375,000  versus a total put value of  10,392,274,250,000 Combined total value = 10,393,092,625,000

Strike  23300  has a total call value of 970,750,000  versus a total put value of  10,028,512,125,000 Combined total value = 10,029,482,875,000

Strike  23350  has a total call value of 1,123,125,000  versus a total put value of  9,666,739,500,000 Combined total value = 9,667,862,625,000

Strike  23400  has a total call value of 1,275,500,000  versus a total put value of  9,305,582,250,000 Combined total value = 9,306,857,750,000

Strike  23450  has a total call value of 1,439,125,000  versus a total put value of  8,948,687,375,000 Combined total value = 8,950,126,500,000

Strike  23500  has a total call value of 1,602,750,000  versus a total put value of  8,592,670,750,000 Combined total value = 8,594,273,500,000

Strike  23550  has a total call value of 1,870,125,000  versus a total put value of  8,256,605,500,000 Combined total value = 8,258,475,625,000

Strike  23600  has a total call value of 2,144,500,000  versus a total put value of  7,921,090,750,000 Combined total value = 7,923,235,250,000

Strike  23650  has a total call value of 2,418,875,000  versus a total put value of  7,591,405,875,000 Combined total value = 7,593,824,750,000

Strike  23700  has a total call value of 2,693,625,000  versus a total put value of  7,262,209,500,000 Combined total value = 7,264,903,125,000

Strike  23750  has a total call value of 2,982,375,000  versus a total put value of  6,936,398,750,000 Combined total value = 6,939,381,125,000

Strike  23800  has a total call value of 3,271,125,000  versus a total put value of  6,611,609,500,000 Combined total value = 6,614,880,625,000

Strike  23850  has a total call value of 3,616,750,000  versus a total put value of  6,293,795,250,000 Combined total value = 6,297,412,000,000

Strike  23900  has a total call value of 3,962,375,000  versus a total put value of  5,976,401,875,000 Combined total value = 5,980,364,250,000

Strike  23950  has a total call value of 4,315,750,000  versus a total put value of  5,662,396,750,000 Combined total value = 5,666,712,500,000

Strike  24000  has a total call value of 4,669,125,000  versus a total put value of  5,349,721,875,000 Combined total value = 5,354,391,000,000

Strike  24050  has a total call value of 5,315,000,000  versus a total put value of  5,059,002,375,000 Combined total value = 5,064,317,375,000

Strike  24100  has a total call value of 5,961,125,000  versus a total put value of  4,769,860,500,000 Combined total value = 4,775,821,625,000

Strike  24150  has a total call value of 6,628,000,000  versus a total put value of  4,488,986,000,000 Combined total value = 4,495,614,000,000

Strike  24200  has a total call value of 7,304,500,000  versus a total put value of  4,209,528,250,000 Combined total value = 4,216,832,750,000

Strike  24250  has a total call value of 8,042,875,000  versus a total put value of  3,937,579,750,000 Combined total value = 3,945,622,625,000

Strike  24300  has a total call value of 8,788,000,000  versus a total put value of  3,666,928,875,000 Combined total value = 3,675,716,875,000

Strike  24350  has a total call value of 9,698,250,000  versus a total put value of  3,402,266,875,000 Combined total value = 3,411,965,125,000

Strike  24400  has a total call value of 10,608,500,000  versus a total put value of  3,139,249,875,000 Combined total value = 3,149,858,375,000

Strike  24450  has a total call value of 11,675,375,000  versus a total put value of  2,882,472,125,000 Combined total value = 2,894,147,500,000

Strike  24500  has a total call value of 12,773,125,000  versus a total put value of  2,627,424,625,000 Combined total value = 2,640,197,750,000

Strike  24550  has a total call value of 14,396,250,000  versus a total put value of  2,393,440,875,000 Combined total value = 2,407,837,125,000

Strike  24600  has a total call value of 16,048,625,000  versus a total put value of  2,162,766,000,000 Combined total value = 2,178,814,625,000

Strike  24650  has a total call value of 17,973,000,000  versus a total put value of  1,947,846,500,000 Combined total value = 1,965,819,500,000

Strike  24700  has a total call value of 19,959,875,000  versus a total put value of  1,737,371,000,000 Combined total value = 1,757,330,875,000

Strike  24750  has a total call value of 22,846,500,000  versus a total put value of  1,536,497,000,000 Combined total value = 1,559,343,500,000

Strike  24800  has a total call value of 25,877,000,000  versus a total put value of  1,340,083,500,000 Combined total value = 1,365,960,500,000

Strike  24850  has a total call value of 30,081,500,000  versus a total put value of  1,159,283,750,000 Combined total value = 1,189,365,250,000

Strike  24900  has a total call value of 34,529,125,000  versus a total put value of  987,800,125,000 Combined total value = 1,022,329,250,000

Strike  24950  has a total call value of 40,731,625,000  versus a total put value of  834,293,875,000 Combined total value = 875,025,500,000

Strike  25000  has a total call value of 47,444,750,000  versus a total put value of  685,144,500,000 Combined total value = 732,589,250,000

Strike  25050  has a total call value of 60,690,500,000  versus a total put value of  566,047,500,000 Combined total value = 626,738,000,000

Strike  25100  has a total call value of 74,941,375,000  versus a total put value of  451,824,125,000 Combined total value = 526,765,500,000

Strike  25150  has a total call value of 93,232,250,000  versus a total put value of  351,524,750,000 Combined total value = 444,757,000,000

Strike  25200  has a total call value of 112,682,375,000  versus a total put value of  258,138,250,000 Combined total value = 370,820,625,000

Strike  25250  has a total call value of 137,735,000,000  versus a total put value of  187,222,375,000 Combined total value = 324,957,375,000

Strike  25300  has a total call value of 167,577,125,000  versus a total put value of  125,631,375,000 Combined total value = 293,208,500,000

Strike  25350  has a total call value of 207,126,125,000  versus a total put value of  83,461,250,000 Combined total value = 290,587,375,000

Strike  25400  has a total call value of 253,700,250,000  versus a total put value of  50,243,875,000 Combined total value = 303,944,125,000

Strike  25450  has a total call value of 325,323,625,000  versus a total put value of  35,336,125,000 Combined total value = 360,659,750,000

Strike  25500  has a total call value of 412,297,750,000  versus a total put value of  23,892,125,000 Combined total value = 436,189,875,000

Strike  25550  has a total call value of 522,696,500,000  versus a total put value of  17,694,875,000 Combined total value = 540,391,375,000

Strike  25600  has a total call value of 641,271,625,000  versus a total put value of  12,658,750,000 Combined total value = 653,930,375,000

Strike  25650  has a total call value of 779,240,500,000  versus a total put value of  9,343,875,000 Combined total value = 788,584,375,000

Strike  25700  has a total call value of 926,325,625,000  versus a total put value of  6,629,125,000 Combined total value = 932,954,750,000

Strike  25750  has a total call value of 1,091,816,000,000  versus a total put value of  5,283,875,000 Combined total value = 1,097,099,875,000

Strike  25800  has a total call value of 1,265,421,250,000  versus a total put value of  4,085,250,000 Combined total value = 1,269,506,500,000

Strike  25850  has a total call value of 1,456,541,000,000  versus a total put value of  3,157,500,000 Combined total value = 1,459,698,500,000

Strike  25900  has a total call value of 1,655,043,125,000  versus a total put value of  2,270,375,000 Combined total value = 1,657,313,500,000

Strike  25950  has a total call value of 1,869,144,625,000  versus a total put value of  1,448,000,000 Combined total value = 1,870,592,625,000

Strike  26000  has a total call value of 2,087,798,875,000  versus a total put value of  637,500,000 Combined total value = 2,088,436,375,000

Strike  26050  has a total call value of 2,354,203,750,000  versus a total put value of  540,375,000 Combined total value = 2,354,744,125,000

Strike  26100  has a total call value of 2,626,552,000,000  versus a total put value of  444,500,000 Combined total value = 2,626,996,500,000

Strike  26150  has a total call value of 2,911,818,500,000  versus a total put value of  378,875,000 Combined total value = 2,912,197,375,000

Strike  26200  has a total call value of 3,200,395,500,000  versus a total put value of  315,125,000 Combined total value = 3,200,710,625,000

Strike  26250  has a total call value of 3,499,112,250,000  versus a total put value of  263,875,000 Combined total value = 3,499,376,125,000

Strike  26300  has a total call value of 3,799,763,375,000  versus a total put value of  212,625,000 Combined total value = 3,799,976,000,000

Strike  26350  has a total call value of 4,106,694,750,000  versus a total put value of  169,750,000 Combined total value = 4,106,864,500,000

Strike  26400  has a total call value of 4,414,821,375,000  versus a total put value of  127,000,000 Combined total value = 4,414,948,375,000

Strike  26450  has a total call value of 4,729,442,000,000  versus a total put value of  89,875,000 Combined total value = 4,729,531,875,000

Strike  26500  has a total call value of 5,045,033,125,000  versus a total put value of  52,750,000 Combined total value = 5,045,085,875,000

Strike  26550  has a total call value of 5,390,690,625,000  versus a total put value of  47,625,000 Combined total value = 5,390,738,250,000

Strike  26600  has a total call value of 5,737,288,125,000  versus a total put value of  42,500,000 Combined total value = 5,737,330,625,000

Strike  26650  has a total call value of 6,091,402,000,000  versus a total put value of  37,375,000 Combined total value = 6,091,439,375,000

Strike  26700  has a total call value of 6,447,975,000,000  versus a total put value of  32,250,000 Combined total value = 6,448,007,250,000

Strike  26750  has a total call value of 6,806,969,125,000  versus a total put value of  27,125,000 Combined total value = 6,806,996,250,000

Strike  26800  has a total call value of 7,171,506,125,000  versus a total put value of  22,000,000 Combined total value = 7,171,528,125,000

Strike  26850  has a total call value of 7,539,642,250,000  versus a total put value of  16,875,000 Combined total value = 7,539,659,125,000

Strike  26900  has a total call value of 7,913,022,000,000  versus a total put value of  11,750,000 Combined total value = 7,913,033,750,000

Strike  26950  has a total call value of 8,293,202,375,000  versus a total put value of  6,625,000 Combined total value = 8,293,209,000,000

Strike  27000  has a total call value of 8,683,726,125,000  versus a total put value of  1,500,000 Combined total value = 8,683,727,625,000

Strike  27050  has a total call value of 9,099,550,750,000  versus a total put value of  1,000,000 Combined total value = 9,099,551,750,000

Strike  27100  has a total call value of 9,526,009,125,000  versus a total put value of  500,000 Combined total value = 9,526,009,625,000

Strike  27150  has a total call value of 9,960,115,375,000  versus a total put value of  0 Combined total value = 9,960,115,375,000

All Max-Pain Table


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.