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NIFTY
Nifty

24147.85 5.90 (0.02%)

Max pain for NIFTY

02 Jul 2024 10:37 AM IST

Max Pain for NIFTY is 23900  



Strike  20150  has a total call value of 0  versus a total put value of  10,485,938,125,000 Combined total value = 10,485,938,125,000

Strike  20200  has a total call value of 0  versus a total put value of  10,307,625,875,000 Combined total value = 10,307,625,875,000

Strike  20250  has a total call value of 0  versus a total put value of  10,130,281,875,000 Combined total value = 10,130,281,875,000

Strike  20300  has a total call value of 0  versus a total put value of  9,952,949,125,000 Combined total value = 9,952,949,125,000

Strike  20350  has a total call value of 0  versus a total put value of  9,775,616,375,000 Combined total value = 9,775,616,375,000

Strike  20400  has a total call value of 0  versus a total put value of  9,598,283,625,000 Combined total value = 9,598,283,625,000

Strike  20450  has a total call value of 0  versus a total put value of  9,420,978,000,000 Combined total value = 9,420,978,000,000

Strike  20500  has a total call value of 0  versus a total put value of  9,243,672,375,000 Combined total value = 9,243,672,375,000

Strike  20550  has a total call value of 1,593,625,000  versus a total put value of  9,068,517,625,000 Combined total value = 9,070,111,250,000

Strike  20600  has a total call value of 3,187,250,000  versus a total put value of  8,893,370,000,000 Combined total value = 8,896,557,250,000

Strike  20650  has a total call value of 4,780,875,000  versus a total put value of  8,718,251,125,000 Combined total value = 8,723,032,000,000

Strike  20700  has a total call value of 6,374,500,000  versus a total put value of  8,543,132,250,000 Combined total value = 8,549,506,750,000

Strike  20750  has a total call value of 7,968,125,000  versus a total put value of  8,368,058,750,000 Combined total value = 8,376,026,875,000

Strike  20800  has a total call value of 9,561,750,000  versus a total put value of  8,192,985,250,000 Combined total value = 8,202,547,000,000

Strike  20850  has a total call value of 11,155,375,000  versus a total put value of  8,019,347,375,000 Combined total value = 8,030,502,750,000

Strike  20900  has a total call value of 12,749,000,000  versus a total put value of  7,845,709,500,000 Combined total value = 7,858,458,500,000

Strike  20950  has a total call value of 14,342,625,000  versus a total put value of  7,672,662,000,000 Combined total value = 7,687,004,625,000

Strike  21000  has a total call value of 15,936,250,000  versus a total put value of  7,499,614,500,000 Combined total value = 7,515,550,750,000

Strike  21050  has a total call value of 20,743,000,000  versus a total put value of  7,335,792,625,000 Combined total value = 7,356,535,625,000

Strike  21100  has a total call value of 25,549,750,000  versus a total put value of  7,172,005,500,000 Combined total value = 7,197,555,250,000

Strike  21150  has a total call value of 30,356,500,000  versus a total put value of  7,008,307,000,000 Combined total value = 7,038,663,500,000

Strike  21200  has a total call value of 35,163,250,000  versus a total put value of  6,844,641,375,000 Combined total value = 6,879,804,625,000

Strike  21250  has a total call value of 39,970,000,000  versus a total put value of  6,681,263,875,000 Combined total value = 6,721,233,875,000

Strike  21300  has a total call value of 44,776,750,000  versus a total put value of  6,517,886,375,000 Combined total value = 6,562,663,125,000

Strike  21350  has a total call value of 49,583,500,000  versus a total put value of  6,354,757,625,000 Combined total value = 6,404,341,125,000

Strike  21400  has a total call value of 54,390,250,000  versus a total put value of  6,191,690,375,000 Combined total value = 6,246,080,625,000

Strike  21450  has a total call value of 59,218,250,000  versus a total put value of  6,028,861,625,000 Combined total value = 6,088,079,875,000

Strike  21500  has a total call value of 64,046,250,000  versus a total put value of  5,866,032,875,000 Combined total value = 5,930,079,125,000

Strike  21550  has a total call value of 69,309,625,000  versus a total put value of  5,709,496,125,000 Combined total value = 5,778,805,750,000

Strike  21600  has a total call value of 74,573,000,000  versus a total put value of  5,552,959,375,000 Combined total value = 5,627,532,375,000

Strike  21650  has a total call value of 79,836,375,000  versus a total put value of  5,396,747,750,000 Combined total value = 5,476,584,125,000

Strike  21700  has a total call value of 85,099,750,000  versus a total put value of  5,240,536,125,000 Combined total value = 5,325,635,875,000

Strike  21750  has a total call value of 90,363,125,000  versus a total put value of  5,084,723,250,000 Combined total value = 5,175,086,375,000

Strike  21800  has a total call value of 95,626,500,000  versus a total put value of  4,928,910,375,000 Combined total value = 5,024,536,875,000

Strike  21850  has a total call value of 100,912,125,000  versus a total put value of  4,773,932,375,000 Combined total value = 4,874,844,500,000

Strike  21900  has a total call value of 106,197,750,000  versus a total put value of  4,618,954,375,000 Combined total value = 4,725,152,125,000

Strike  21950  has a total call value of 111,507,000,000  versus a total put value of  4,464,585,375,000 Combined total value = 4,576,092,375,000

Strike  22000  has a total call value of 116,816,250,000  versus a total put value of  4,310,313,500,000 Combined total value = 4,427,129,750,000

Strike  22050  has a total call value of 125,602,000,000  versus a total put value of  4,168,171,375,000 Combined total value = 4,293,773,375,000

Strike  22100  has a total call value of 134,387,750,000  versus a total put value of  4,026,055,875,000 Combined total value = 4,160,443,625,000

Strike  22150  has a total call value of 143,248,500,000  versus a total put value of  3,884,706,875,000 Combined total value = 4,027,955,375,000

Strike  22200  has a total call value of 152,109,250,000  versus a total put value of  3,743,357,875,000 Combined total value = 3,895,467,125,000

Strike  22250  has a total call value of 161,024,625,000  versus a total put value of  3,603,304,875,000 Combined total value = 3,764,329,500,000

Strike  22300  has a total call value of 169,940,000,000  versus a total put value of  3,463,332,000,000 Combined total value = 3,633,272,000,000

Strike  22350  has a total call value of 178,963,875,000  versus a total put value of  3,324,170,875,000 Combined total value = 3,503,134,750,000

Strike  22400  has a total call value of 187,987,750,000  versus a total put value of  3,185,050,250,000 Combined total value = 3,373,038,000,000

Strike  22450  has a total call value of 197,125,875,000  versus a total put value of  3,046,829,875,000 Combined total value = 3,243,955,750,000

Strike  22500  has a total call value of 206,264,000,000  versus a total put value of  2,908,676,500,000 Combined total value = 3,114,940,500,000

Strike  22550  has a total call value of 217,145,000,000  versus a total put value of  2,779,899,250,000 Combined total value = 2,997,044,250,000

Strike  22600  has a total call value of 228,026,000,000  versus a total put value of  2,651,287,000,000 Combined total value = 2,879,313,000,000

Strike  22650  has a total call value of 238,907,000,000  versus a total put value of  2,523,857,625,000 Combined total value = 2,762,764,625,000

Strike  22700  has a total call value of 249,788,000,000  versus a total put value of  2,396,546,375,000 Combined total value = 2,646,334,375,000

Strike  22750  has a total call value of 260,927,875,000  versus a total put value of  2,271,704,875,000 Combined total value = 2,532,632,750,000

Strike  22800  has a total call value of 272,067,750,000  versus a total put value of  2,146,998,750,000 Combined total value = 2,419,066,500,000

Strike  22850  has a total call value of 283,586,000,000  versus a total put value of  2,025,750,625,000 Combined total value = 2,309,336,625,000

Strike  22900  has a total call value of 295,104,250,000  versus a total put value of  1,904,680,625,000 Combined total value = 2,199,784,875,000

Strike  22950  has a total call value of 306,834,500,000  versus a total put value of  1,785,271,500,000 Combined total value = 2,092,106,000,000

Strike  23000  has a total call value of 318,564,750,000  versus a total put value of  1,665,982,750,000 Combined total value = 1,984,547,500,000

Strike  23050  has a total call value of 336,686,125,000  versus a total put value of  1,565,885,000,000 Combined total value = 1,902,571,125,000

Strike  23100  has a total call value of 354,843,500,000  versus a total put value of  1,465,911,750,000 Combined total value = 1,820,755,250,000

Strike  23150  has a total call value of 373,369,500,000  versus a total put value of  1,367,543,250,000 Combined total value = 1,740,912,750,000

Strike  23200  has a total call value of 391,895,500,000  versus a total put value of  1,269,302,250,000 Combined total value = 1,661,197,750,000

Strike  23250  has a total call value of 410,922,875,000  versus a total put value of  1,174,164,625,000 Combined total value = 1,585,087,500,000

Strike  23300  has a total call value of 429,950,250,000  versus a total put value of  1,079,460,000,000 Combined total value = 1,509,410,250,000

Strike  23350  has a total call value of 449,802,625,000  versus a total put value of  988,282,500,000 Combined total value = 1,438,085,125,000

Strike  23400  has a total call value of 469,685,625,000  versus a total put value of  897,508,250,000 Combined total value = 1,367,193,875,000

Strike  23450  has a total call value of 490,713,375,000  versus a total put value of  809,947,500,000 Combined total value = 1,300,660,875,000

Strike  23500  has a total call value of 511,837,750,000  versus a total put value of  722,746,750,000 Combined total value = 1,234,584,500,000

Strike  23550  has a total call value of 541,515,125,000  versus a total put value of  655,847,125,000 Combined total value = 1,197,362,250,000

Strike  23600  has a total call value of 571,453,875,000  versus a total put value of  589,412,125,000 Combined total value = 1,160,866,000,000

Strike  23650  has a total call value of 605,237,875,000  versus a total put value of  531,846,625,000 Combined total value = 1,137,084,500,000

Strike  23700  has a total call value of 639,087,625,000  versus a total put value of  474,470,750,000 Combined total value = 1,113,558,375,000

Strike  23750  has a total call value of 675,515,625,000  versus a total put value of  422,605,250,000 Combined total value = 1,098,120,875,000

Strike  23800  has a total call value of 712,073,375,000  versus a total put value of  371,027,625,000 Combined total value = 1,083,101,000,000

Strike  23850  has a total call value of 752,698,500,000  versus a total put value of  327,977,250,000 Combined total value = 1,080,675,750,000

Strike  23900  has a total call value of 793,579,375,000  versus a total put value of  285,295,875,000 Combined total value = 1,078,875,250,000

Strike  23950  has a total call value of 836,423,625,000  versus a total put value of  245,223,875,000 Combined total value = 1,081,647,500,000

Strike  24000  has a total call value of 879,472,000,000  versus a total put value of  205,447,500,000 Combined total value = 1,084,919,500,000

Strike  24050  has a total call value of 938,259,625,000  versus a total put value of  185,527,125,000 Combined total value = 1,123,786,750,000

Strike  24100  has a total call value of 997,292,250,000  versus a total put value of  165,821,125,000 Combined total value = 1,163,113,375,000

Strike  24150  has a total call value of 1,058,985,375,000  versus a total put value of  148,884,125,000 Combined total value = 1,207,869,500,000

Strike  24200  has a total call value of 1,121,035,875,000  versus a total put value of  132,295,875,000 Combined total value = 1,253,331,750,000

Strike  24250  has a total call value of 1,187,920,625,000  versus a total put value of  120,349,125,000 Combined total value = 1,308,269,750,000

Strike  24300  has a total call value of 1,255,019,000,000  versus a total put value of  108,539,500,000 Combined total value = 1,363,558,500,000

Strike  24350  has a total call value of 1,324,849,250,000  versus a total put value of  98,835,625,000 Combined total value = 1,423,684,875,000

Strike  24400  has a total call value of 1,394,869,000,000  versus a total put value of  89,236,875,000 Combined total value = 1,484,105,875,000

Strike  24450  has a total call value of 1,467,171,125,000  versus a total put value of  79,952,000,000 Combined total value = 1,547,123,125,000

Strike  24500  has a total call value of 1,539,720,375,000  versus a total put value of  70,734,250,000 Combined total value = 1,610,454,625,000

Strike  24550  has a total call value of 1,622,961,000,000  versus a total put value of  64,431,125,000 Combined total value = 1,687,392,125,000

Strike  24600  has a total call value of 1,706,637,125,000  versus a total put value of  58,151,875,000 Combined total value = 1,764,789,000,000

Strike  24650  has a total call value of 1,792,473,125,000  versus a total put value of  51,967,000,000 Combined total value = 1,844,440,125,000

Strike  24700  has a total call value of 1,878,606,750,000  versus a total put value of  45,796,000,000 Combined total value = 1,924,402,750,000

Strike  24750  has a total call value of 1,967,610,625,000  versus a total put value of  39,681,000,000 Combined total value = 2,007,291,625,000

Strike  24800  has a total call value of 2,056,931,375,000  versus a total put value of  33,566,000,000 Combined total value = 2,090,497,375,000

Strike  24850  has a total call value of 2,149,418,125,000  versus a total put value of  27,689,000,000 Combined total value = 2,177,107,125,000

Strike  24900  has a total call value of 2,242,187,625,000  versus a total put value of  21,840,500,000 Combined total value = 2,264,028,125,000

Strike  24950  has a total call value of 2,336,466,250,000  versus a total put value of  16,022,375,000 Combined total value = 2,352,488,625,000

Strike  25000  has a total call value of 2,430,971,250,000  versus a total put value of  10,204,250,000 Combined total value = 2,441,175,500,000

Strike  25050  has a total call value of 2,538,710,375,000  versus a total put value of  9,174,625,000 Combined total value = 2,547,885,000,000

Strike  25100  has a total call value of 2,646,741,250,000  versus a total put value of  8,145,000,000 Combined total value = 2,654,886,250,000

Strike  25150  has a total call value of 2,756,692,875,000  versus a total put value of  7,120,250,000 Combined total value = 2,763,813,125,000

Strike  25200  has a total call value of 2,866,950,000,000  versus a total put value of  6,098,000,000 Combined total value = 2,873,048,000,000

Strike  25250  has a total call value of 2,978,388,375,000  versus a total put value of  5,075,750,000 Combined total value = 2,983,464,125,000

Strike  25300  has a total call value of 3,090,076,250,000  versus a total put value of  4,053,500,000 Combined total value = 3,094,129,750,000

Strike  25350  has a total call value of 3,204,794,375,000  versus a total put value of  3,040,125,000 Combined total value = 3,207,834,500,000

Strike  25400  has a total call value of 3,319,572,125,000  versus a total put value of  2,026,750,000 Combined total value = 3,321,598,875,000

Strike  25450  has a total call value of 3,435,992,125,000  versus a total put value of  1,013,375,000 Combined total value = 3,437,005,500,000

Strike  25500  has a total call value of 3,552,513,375,000  versus a total put value of  0 Combined total value = 3,552,513,375,000

Strike  25550  has a total call value of 3,672,979,750,000  versus a total put value of  0 Combined total value = 3,672,979,750,000

Strike  25600  has a total call value of 3,793,449,750,000  versus a total put value of  0 Combined total value = 3,793,449,750,000

Strike  25650  has a total call value of 3,914,310,500,000  versus a total put value of  0 Combined total value = 3,914,310,500,000

Strike  25700  has a total call value of 4,035,277,500,000  versus a total put value of  0 Combined total value = 4,035,277,500,000

Strike  25750  has a total call value of 4,156,384,500,000  versus a total put value of  0 Combined total value = 4,156,384,500,000

Strike  25800  has a total call value of 4,277,504,375,000  versus a total put value of  0 Combined total value = 4,277,504,375,000

All Max-Pain Table

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.