NIFTY
Nifty
Max pain for NIFTY
18 Sep 2024 04:11 PM IST
Max Pain for NIFTY is 25200
Strike 16000 has a total call value of 0 versus a total put value of 60,626,778,250,000 Combined total value = 60,626,778,250,000
Strike 17000 has a total call value of 33,342,500,000 versus a total put value of 53,356,203,250,000 Combined total value = 53,389,545,750,000
Strike 18000 has a total call value of 66,685,000,000 versus a total put value of 46,100,483,250,000 Combined total value = 46,167,168,250,000
Strike 18750 has a total call value of 92,503,750,000 versus a total put value of 40,665,945,750,000 Combined total value = 40,758,449,500,000
Strike 18800 has a total call value of 94,225,000,000 versus a total put value of 40,303,643,250,000 Combined total value = 40,397,868,250,000
Strike 18850 has a total call value of 95,946,250,000 versus a total put value of 39,941,340,750,000 Combined total value = 40,037,287,000,000
Strike 18900 has a total call value of 97,667,500,000 versus a total put value of 39,579,038,250,000 Combined total value = 39,676,705,750,000
Strike 18950 has a total call value of 99,388,750,000 versus a total put value of 39,216,735,750,000 Combined total value = 39,316,124,500,000
Strike 19000 has a total call value of 101,110,000,000 versus a total put value of 38,854,433,250,000 Combined total value = 38,955,543,250,000
Strike 19050 has a total call value of 103,443,875,000 versus a total put value of 38,493,470,000,000 Combined total value = 38,596,913,875,000
Strike 19100 has a total call value of 105,777,750,000 versus a total put value of 38,132,506,750,000 Combined total value = 38,238,284,500,000
Strike 19150 has a total call value of 108,111,625,000 versus a total put value of 37,771,543,500,000 Combined total value = 37,879,655,125,000
Strike 19200 has a total call value of 110,445,500,000 versus a total put value of 37,410,580,250,000 Combined total value = 37,521,025,750,000
Strike 19250 has a total call value of 112,779,375,000 versus a total put value of 37,049,617,000,000 Combined total value = 37,162,396,375,000
Strike 19300 has a total call value of 115,113,250,000 versus a total put value of 36,688,653,750,000 Combined total value = 36,803,767,000,000
Strike 19350 has a total call value of 117,447,125,000 versus a total put value of 36,327,690,500,000 Combined total value = 36,445,137,625,000
Strike 19400 has a total call value of 119,781,000,000 versus a total put value of 35,966,727,250,000 Combined total value = 36,086,508,250,000
Strike 19450 has a total call value of 122,114,875,000 versus a total put value of 35,605,764,000,000 Combined total value = 35,727,878,875,000
Strike 19500 has a total call value of 124,448,750,000 versus a total put value of 35,244,800,750,000 Combined total value = 35,369,249,500,000
Strike 19550 has a total call value of 126,782,625,000 versus a total put value of 34,883,837,500,000 Combined total value = 35,010,620,125,000
Strike 19600 has a total call value of 129,116,500,000 versus a total put value of 34,522,874,250,000 Combined total value = 34,651,990,750,000
Strike 19650 has a total call value of 131,450,375,000 versus a total put value of 34,161,911,000,000 Combined total value = 34,293,361,375,000
Strike 19700 has a total call value of 133,784,250,000 versus a total put value of 33,800,947,750,000 Combined total value = 33,934,732,000,000
Strike 19750 has a total call value of 136,118,125,000 versus a total put value of 33,439,984,500,000 Combined total value = 33,576,102,625,000
Strike 19800 has a total call value of 138,452,000,000 versus a total put value of 33,079,021,250,000 Combined total value = 33,217,473,250,000
Strike 19850 has a total call value of 140,785,875,000 versus a total put value of 32,718,058,000,000 Combined total value = 32,858,843,875,000
Strike 19900 has a total call value of 143,119,750,000 versus a total put value of 32,357,094,750,000 Combined total value = 32,500,214,500,000
Strike 19950 has a total call value of 145,453,625,000 versus a total put value of 31,996,131,500,000 Combined total value = 32,141,585,125,000
Strike 20000 has a total call value of 147,787,500,000 versus a total put value of 31,635,168,250,000 Combined total value = 31,782,955,750,000
Strike 20050 has a total call value of 151,485,375,000 versus a total put value of 31,277,929,750,000 Combined total value = 31,429,415,125,000
Strike 20100 has a total call value of 155,183,250,000 versus a total put value of 30,920,691,250,000 Combined total value = 31,075,874,500,000
Strike 20150 has a total call value of 158,881,125,000 versus a total put value of 30,563,452,750,000 Combined total value = 30,722,333,875,000
Strike 20200 has a total call value of 162,579,000,000 versus a total put value of 30,206,214,250,000 Combined total value = 30,368,793,250,000
Strike 20250 has a total call value of 166,276,875,000 versus a total put value of 29,848,975,750,000 Combined total value = 30,015,252,625,000
Strike 20300 has a total call value of 169,974,750,000 versus a total put value of 29,491,737,250,000 Combined total value = 29,661,712,000,000
Strike 20350 has a total call value of 173,672,625,000 versus a total put value of 29,134,498,750,000 Combined total value = 29,308,171,375,000
Strike 20400 has a total call value of 177,370,500,000 versus a total put value of 28,777,260,250,000 Combined total value = 28,954,630,750,000
Strike 20450 has a total call value of 181,068,375,000 versus a total put value of 28,420,021,750,000 Combined total value = 28,601,090,125,000
Strike 20500 has a total call value of 184,766,250,000 versus a total put value of 28,062,783,250,000 Combined total value = 28,247,549,500,000
Strike 20550 has a total call value of 188,464,125,000 versus a total put value of 27,705,544,750,000 Combined total value = 27,894,008,875,000
Strike 20600 has a total call value of 192,162,000,000 versus a total put value of 27,348,306,250,000 Combined total value = 27,540,468,250,000
Strike 20650 has a total call value of 195,859,875,000 versus a total put value of 26,991,067,750,000 Combined total value = 27,186,927,625,000
Strike 20700 has a total call value of 199,557,750,000 versus a total put value of 26,633,829,250,000 Combined total value = 26,833,387,000,000
Strike 20750 has a total call value of 203,255,625,000 versus a total put value of 26,276,590,750,000 Combined total value = 26,479,846,375,000
Strike 20800 has a total call value of 206,953,500,000 versus a total put value of 25,919,352,250,000 Combined total value = 26,126,305,750,000
Strike 20850 has a total call value of 210,651,375,000 versus a total put value of 25,562,113,750,000 Combined total value = 25,772,765,125,000
Strike 20900 has a total call value of 214,349,250,000 versus a total put value of 25,204,875,250,000 Combined total value = 25,419,224,500,000
Strike 20950 has a total call value of 218,047,125,000 versus a total put value of 24,847,636,750,000 Combined total value = 25,065,683,875,000
Strike 21000 has a total call value of 221,745,000,000 versus a total put value of 24,490,398,250,000 Combined total value = 24,712,143,250,000
Strike 21050 has a total call value of 227,733,625,000 versus a total put value of 24,137,930,375,000 Combined total value = 24,365,664,000,000
Strike 21100 has a total call value of 233,722,250,000 versus a total put value of 23,785,462,500,000 Combined total value = 24,019,184,750,000
Strike 21150 has a total call value of 239,710,875,000 versus a total put value of 23,432,994,625,000 Combined total value = 23,672,705,500,000
Strike 21200 has a total call value of 245,699,500,000 versus a total put value of 23,080,526,750,000 Combined total value = 23,326,226,250,000
Strike 21250 has a total call value of 251,688,125,000 versus a total put value of 22,728,058,875,000 Combined total value = 22,979,747,000,000
Strike 21300 has a total call value of 257,676,750,000 versus a total put value of 22,375,591,000,000 Combined total value = 22,633,267,750,000
Strike 21350 has a total call value of 263,665,375,000 versus a total put value of 22,023,123,125,000 Combined total value = 22,286,788,500,000
Strike 21400 has a total call value of 269,654,000,000 versus a total put value of 21,670,655,250,000 Combined total value = 21,940,309,250,000
Strike 21450 has a total call value of 275,642,625,000 versus a total put value of 21,318,187,375,000 Combined total value = 21,593,830,000,000
Strike 21500 has a total call value of 281,631,250,000 versus a total put value of 20,965,719,500,000 Combined total value = 21,247,350,750,000
Strike 21550 has a total call value of 287,619,875,000 versus a total put value of 20,613,251,625,000 Combined total value = 20,900,871,500,000
Strike 21600 has a total call value of 293,608,500,000 versus a total put value of 20,260,783,750,000 Combined total value = 20,554,392,250,000
Strike 21650 has a total call value of 299,597,125,000 versus a total put value of 19,908,315,875,000 Combined total value = 20,207,913,000,000
Strike 21700 has a total call value of 305,585,750,000 versus a total put value of 19,555,848,000,000 Combined total value = 19,861,433,750,000
Strike 21750 has a total call value of 311,574,375,000 versus a total put value of 19,203,380,125,000 Combined total value = 19,514,954,500,000
Strike 21800 has a total call value of 317,563,000,000 versus a total put value of 18,850,912,250,000 Combined total value = 19,168,475,250,000
Strike 21850 has a total call value of 323,551,625,000 versus a total put value of 18,498,444,375,000 Combined total value = 18,821,996,000,000
Strike 21900 has a total call value of 329,540,250,000 versus a total put value of 18,145,976,500,000 Combined total value = 18,475,516,750,000
Strike 21950 has a total call value of 335,528,875,000 versus a total put value of 17,793,508,625,000 Combined total value = 18,129,037,500,000
Strike 22000 has a total call value of 341,517,500,000 versus a total put value of 17,441,040,750,000 Combined total value = 17,782,558,250,000
Strike 22050 has a total call value of 349,159,750,000 versus a total put value of 17,102,119,125,000 Combined total value = 17,451,278,875,000
Strike 22100 has a total call value of 356,802,000,000 versus a total put value of 16,763,197,500,000 Combined total value = 17,119,999,500,000
Strike 22150 has a total call value of 364,444,250,000 versus a total put value of 16,424,275,875,000 Combined total value = 16,788,720,125,000
Strike 22200 has a total call value of 372,086,500,000 versus a total put value of 16,085,354,250,000 Combined total value = 16,457,440,750,000
Strike 22250 has a total call value of 379,728,750,000 versus a total put value of 15,746,432,625,000 Combined total value = 16,126,161,375,000
Strike 22300 has a total call value of 387,371,000,000 versus a total put value of 15,407,613,250,000 Combined total value = 15,794,984,250,000
Strike 22350 has a total call value of 395,035,375,000 versus a total put value of 15,070,135,125,000 Combined total value = 15,465,170,500,000
Strike 22400 has a total call value of 402,699,750,000 versus a total put value of 14,732,706,250,000 Combined total value = 15,135,406,000,000
Strike 22450 has a total call value of 410,364,125,000 versus a total put value of 14,396,389,250,000 Combined total value = 14,806,753,375,000
Strike 22500 has a total call value of 418,028,500,000 versus a total put value of 14,060,090,375,000 Combined total value = 14,478,118,875,000
Strike 22550 has a total call value of 426,487,625,000 versus a total put value of 13,731,884,375,000 Combined total value = 14,158,372,000,000
Strike 22600 has a total call value of 434,946,750,000 versus a total put value of 13,403,721,250,000 Combined total value = 13,838,668,000,000
Strike 22650 has a total call value of 443,425,625,000 versus a total put value of 13,076,185,750,000 Combined total value = 13,519,611,375,000
Strike 22700 has a total call value of 451,904,500,000 versus a total put value of 12,748,706,750,000 Combined total value = 13,200,611,250,000
Strike 22750 has a total call value of 460,383,375,000 versus a total put value of 12,422,344,125,000 Combined total value = 12,882,727,500,000
Strike 22800 has a total call value of 468,862,250,000 versus a total put value of 12,096,009,750,000 Combined total value = 12,564,872,000,000
Strike 22850 has a total call value of 477,341,125,000 versus a total put value of 11,770,776,500,000 Combined total value = 12,248,117,625,000
Strike 22900 has a total call value of 485,820,000,000 versus a total put value of 11,445,579,250,000 Combined total value = 11,931,399,250,000
Strike 22950 has a total call value of 494,298,875,000 versus a total put value of 11,121,088,875,000 Combined total value = 11,615,387,750,000
Strike 23000 has a total call value of 502,777,750,000 versus a total put value of 10,796,625,750,000 Combined total value = 11,299,403,500,000
Strike 23050 has a total call value of 514,400,500,000 versus a total put value of 10,492,330,500,000 Combined total value = 11,006,731,000,000
Strike 23100 has a total call value of 526,023,250,000 versus a total put value of 10,188,185,500,000 Combined total value = 10,714,208,750,000
Strike 23150 has a total call value of 537,646,000,000 versus a total put value of 9,884,661,250,000 Combined total value = 10,422,307,250,000
Strike 23200 has a total call value of 549,275,500,000 versus a total put value of 9,581,244,250,000 Combined total value = 10,130,519,750,000
Strike 23250 has a total call value of 560,971,125,000 versus a total put value of 9,278,607,500,000 Combined total value = 9,839,578,625,000
Strike 23300 has a total call value of 572,666,750,000 versus a total put value of 8,976,084,875,000 Combined total value = 9,548,751,625,000
Strike 23350 has a total call value of 584,362,375,000 versus a total put value of 8,674,533,500,000 Combined total value = 9,258,895,875,000
Strike 23400 has a total call value of 596,058,000,000 versus a total put value of 8,373,076,750,000 Combined total value = 8,969,134,750,000
Strike 23450 has a total call value of 607,781,500,000 versus a total put value of 8,072,703,250,000 Combined total value = 8,680,484,750,000
Strike 23500 has a total call value of 619,505,000,000 versus a total put value of 7,772,427,875,000 Combined total value = 8,391,932,875,000
Strike 23550 has a total call value of 632,348,625,000 versus a total put value of 7,483,567,000,000 Combined total value = 8,115,915,625,000
Strike 23600 has a total call value of 645,192,250,000 versus a total put value of 7,194,860,875,000 Combined total value = 7,840,053,125,000
Strike 23650 has a total call value of 658,109,500,000 versus a total put value of 6,907,681,125,000 Combined total value = 7,565,790,625,000
Strike 23700 has a total call value of 671,026,750,000 versus a total put value of 6,620,634,375,000 Combined total value = 7,291,661,125,000
Strike 23750 has a total call value of 683,985,750,000 versus a total put value of 6,335,297,875,000 Combined total value = 7,019,283,625,000
Strike 23800 has a total call value of 696,944,750,000 versus a total put value of 6,050,248,125,000 Combined total value = 6,747,192,875,000
Strike 23850 has a total call value of 709,962,375,000 versus a total put value of 5,769,495,375,000 Combined total value = 6,479,457,750,000
Strike 23900 has a total call value of 722,980,000,000 versus a total put value of 5,489,060,000,000 Combined total value = 6,212,040,000,000
Strike 23950 has a total call value of 736,050,375,000 versus a total put value of 5,210,579,750,000 Combined total value = 5,946,630,125,000
Strike 24000 has a total call value of 749,139,000,000 versus a total put value of 4,932,676,875,000 Combined total value = 5,681,815,875,000
Strike 24050 has a total call value of 765,945,375,000 versus a total put value of 4,681,412,125,000 Combined total value = 5,447,357,500,000
Strike 24100 has a total call value of 782,751,750,000 versus a total put value of 4,430,563,625,000 Combined total value = 5,213,315,375,000
Strike 24150 has a total call value of 799,741,875,000 versus a total put value of 4,185,293,500,000 Combined total value = 4,985,035,375,000
Strike 24200 has a total call value of 816,780,000,000 versus a total put value of 3,940,462,125,000 Combined total value = 4,757,242,125,000
Strike 24250 has a total call value of 834,190,625,000 versus a total put value of 3,701,887,625,000 Combined total value = 4,536,078,250,000
Strike 24300 has a total call value of 851,635,250,000 versus a total put value of 3,464,223,375,000 Combined total value = 4,315,858,625,000
Strike 24350 has a total call value of 869,995,375,000 versus a total put value of 3,236,331,000,000 Combined total value = 4,106,326,375,000
Strike 24400 has a total call value of 888,388,500,000 versus a total put value of 3,009,056,375,000 Combined total value = 3,897,444,875,000
Strike 24450 has a total call value of 907,159,750,000 versus a total put value of 2,788,596,500,000 Combined total value = 3,695,756,250,000
Strike 24500 has a total call value of 925,963,500,000 versus a total put value of 2,568,705,125,000 Combined total value = 3,494,668,625,000
Strike 24550 has a total call value of 951,655,750,000 versus a total put value of 2,373,184,125,000 Combined total value = 3,324,839,875,000
Strike 24600 has a total call value of 977,391,125,000 versus a total put value of 2,178,315,500,000 Combined total value = 3,155,706,625,000
Strike 24650 has a total call value of 1,003,651,625,000 versus a total put value of 1,990,817,125,000 Combined total value = 2,994,468,750,000
Strike 24700 has a total call value of 1,029,970,250,000 versus a total put value of 1,803,985,750,000 Combined total value = 2,833,956,000,000
Strike 24750 has a total call value of 1,057,008,000,000 versus a total put value of 1,624,125,750,000 Combined total value = 2,681,133,750,000
Strike 24800 has a total call value of 1,084,136,750,000 versus a total put value of 1,445,399,000,000 Combined total value = 2,529,535,750,000
Strike 24850 has a total call value of 1,114,157,750,000 versus a total put value of 1,281,983,375,000 Combined total value = 2,396,141,125,000
Strike 24900 has a total call value of 1,144,392,375,000 versus a total put value of 1,119,491,125,000 Combined total value = 2,263,883,500,000
Strike 24950 has a total call value of 1,177,251,250,000 versus a total put value of 969,118,625,000 Combined total value = 2,146,369,875,000
Strike 25000 has a total call value of 1,210,468,375,000 versus a total put value of 820,314,125,000 Combined total value = 2,030,782,500,000
Strike 25050 has a total call value of 1,266,491,750,000 versus a total put value of 728,170,375,000 Combined total value = 1,994,662,125,000
Strike 25100 has a total call value of 1,323,186,125,000 versus a total put value of 637,594,500,000 Combined total value = 1,960,780,625,000
Strike 25150 has a total call value of 1,387,396,250,000 versus a total put value of 565,011,875,000 Combined total value = 1,952,408,125,000
Strike 25200 has a total call value of 1,452,135,625,000 versus a total put value of 493,858,000,000 Combined total value = 1,945,993,625,000
Strike 25250 has a total call value of 1,524,386,375,000 versus a total put value of 437,375,000,000 Combined total value = 1,961,761,375,000
Strike 25300 has a total call value of 1,597,494,000,000 versus a total put value of 382,498,250,000 Combined total value = 1,979,992,250,000
Strike 25350 has a total call value of 1,678,727,375,000 versus a total put value of 341,484,500,000 Combined total value = 2,020,211,875,000
Strike 25400 has a total call value of 1,762,242,500,000 versus a total put value of 302,645,875,000 Combined total value = 2,064,888,375,000
Strike 25450 has a total call value of 1,858,388,625,000 versus a total put value of 277,570,375,000 Combined total value = 2,135,959,000,000
Strike 25500 has a total call value of 1,956,285,750,000 versus a total put value of 253,365,375,000 Combined total value = 2,209,651,125,000
Strike 25550 has a total call value of 2,069,521,375,000 versus a total put value of 240,164,000,000 Combined total value = 2,309,685,375,000
Strike 25600 has a total call value of 2,184,121,625,000 versus a total put value of 227,351,875,000 Combined total value = 2,411,473,500,000
Strike 25650 has a total call value of 2,308,341,250,000 versus a total put value of 216,026,125,000 Combined total value = 2,524,367,375,000
Strike 25700 has a total call value of 2,434,042,000,000 versus a total put value of 204,926,125,000 Combined total value = 2,638,968,125,000
Strike 25750 has a total call value of 2,569,643,000,000 versus a total put value of 194,635,125,000 Combined total value = 2,764,278,125,000
Strike 25800 has a total call value of 2,707,026,125,000 versus a total put value of 184,730,625,000 Combined total value = 2,891,756,750,000
Strike 25850 has a total call value of 2,863,814,000,000 versus a total put value of 175,354,250,000 Combined total value = 3,039,168,250,000
Strike 25900 has a total call value of 3,022,153,250,000 versus a total put value of 166,016,375,000 Combined total value = 3,188,169,625,000
Strike 25950 has a total call value of 3,187,233,500,000 versus a total put value of 156,846,750,000 Combined total value = 3,344,080,250,000
Strike 26000 has a total call value of 3,353,591,250,000 versus a total put value of 147,719,500,000 Combined total value = 3,501,310,750,000
Strike 26050 has a total call value of 3,543,381,000,000 versus a total put value of 142,185,250,000 Combined total value = 3,685,566,250,000
Strike 26100 has a total call value of 3,734,655,250,000 versus a total put value of 136,655,000,000 Combined total value = 3,871,310,250,000
Strike 26150 has a total call value of 3,931,586,000,000 versus a total put value of 131,209,250,000 Combined total value = 4,062,795,250,000
Strike 26200 has a total call value of 4,129,670,125,000 versus a total put value of 125,774,625,000 Combined total value = 4,255,444,750,000
Strike 26250 has a total call value of 4,335,380,875,000 versus a total put value of 120,376,125,000 Combined total value = 4,455,757,000,000
Strike 26300 has a total call value of 4,542,029,500,000 versus a total put value of 114,978,875,000 Combined total value = 4,657,008,375,000
Strike 26350 has a total call value of 4,752,065,750,000 versus a total put value of 109,596,750,000 Combined total value = 4,861,662,500,000
Strike 26400 has a total call value of 4,962,805,625,000 versus a total put value of 104,214,625,000 Combined total value = 5,067,020,250,000
Strike 26450 has a total call value of 5,175,676,875,000 versus a total put value of 98,840,000,000 Combined total value = 5,274,516,875,000
Strike 26500 has a total call value of 5,388,805,125,000 versus a total put value of 93,466,750,000 Combined total value = 5,482,271,875,000
Strike 26550 has a total call value of 5,611,606,000,000 versus a total put value of 89,249,375,000 Combined total value = 5,700,855,375,000
Strike 26600 has a total call value of 5,834,682,875,000 versus a total put value of 85,032,000,000 Combined total value = 5,919,714,875,000
Strike 26650 has a total call value of 6,059,889,750,000 versus a total put value of 80,820,500,000 Combined total value = 6,140,710,250,000
Strike 26700 has a total call value of 6,285,215,000,000 versus a total put value of 76,609,000,000 Combined total value = 6,361,824,000,000
Strike 26750 has a total call value of 6,511,897,375,000 versus a total put value of 72,397,500,000 Combined total value = 6,584,294,875,000
Strike 26800 has a total call value of 6,738,732,875,000 versus a total put value of 68,186,000,000 Combined total value = 6,806,918,875,000
Strike 26850 has a total call value of 6,965,907,000,000 versus a total put value of 63,974,500,000 Combined total value = 7,029,881,500,000
Strike 26900 has a total call value of 7,193,198,750,000 versus a total put value of 59,763,000,000 Combined total value = 7,252,961,750,000
Strike 26950 has a total call value of 7,421,027,000,000 versus a total put value of 55,551,500,000 Combined total value = 7,476,578,500,000
Strike 27000 has a total call value of 7,648,948,875,000 versus a total put value of 51,340,000,000 Combined total value = 7,700,288,875,000
Strike 27050 has a total call value of 7,893,497,750,000 versus a total put value of 49,498,625,000 Combined total value = 7,942,996,375,000
Strike 27100 has a total call value of 8,138,090,250,000 versus a total put value of 47,657,250,000 Combined total value = 8,185,747,500,000
Strike 27150 has a total call value of 8,382,793,750,000 versus a total put value of 45,815,875,000 Combined total value = 8,428,609,625,000
Strike 27200 has a total call value of 8,627,628,250,000 versus a total put value of 43,974,500,000 Combined total value = 8,671,602,750,000
Strike 27250 has a total call value of 8,872,462,750,000 versus a total put value of 42,133,125,000 Combined total value = 8,914,595,875,000
Strike 27300 has a total call value of 9,117,297,250,000 versus a total put value of 40,291,750,000 Combined total value = 9,157,589,000,000
Strike 27350 has a total call value of 9,362,131,750,000 versus a total put value of 38,450,375,000 Combined total value = 9,400,582,125,000
Strike 27400 has a total call value of 9,606,966,250,000 versus a total put value of 36,609,000,000 Combined total value = 9,643,575,250,000
Strike 27450 has a total call value of 9,851,800,750,000 versus a total put value of 34,767,625,000 Combined total value = 9,886,568,375,000
Strike 27500 has a total call value of 10,096,635,250,000 versus a total put value of 32,926,250,000 Combined total value = 10,129,561,500,000
Strike 27550 has a total call value of 10,341,469,750,000 versus a total put value of 31,084,875,000 Combined total value = 10,372,554,625,000
Strike 27600 has a total call value of 10,586,304,250,000 versus a total put value of 29,243,500,000 Combined total value = 10,615,547,750,000
Strike 27650 has a total call value of 10,831,138,750,000 versus a total put value of 27,402,125,000 Combined total value = 10,858,540,875,000
Strike 27700 has a total call value of 11,075,973,250,000 versus a total put value of 25,560,750,000 Combined total value = 11,101,534,000,000
Strike 27750 has a total call value of 11,320,807,750,000 versus a total put value of 23,719,375,000 Combined total value = 11,344,527,125,000
Strike 27800 has a total call value of 11,565,642,250,000 versus a total put value of 21,878,000,000 Combined total value = 11,587,520,250,000
Strike 27850 has a total call value of 11,810,476,750,000 versus a total put value of 20,036,625,000 Combined total value = 11,830,513,375,000
Strike 27900 has a total call value of 12,055,311,250,000 versus a total put value of 18,195,250,000 Combined total value = 12,073,506,500,000
Strike 27950 has a total call value of 12,300,145,750,000 versus a total put value of 16,353,875,000 Combined total value = 12,316,499,625,000
Strike 28000 has a total call value of 12,544,980,250,000 versus a total put value of 14,512,500,000 Combined total value = 12,559,492,750,000
Strike 28050 has a total call value of 12,792,766,750,000 versus a total put value of 13,786,875,000 Combined total value = 12,806,553,625,000
Strike 28100 has a total call value of 13,040,553,250,000 versus a total put value of 13,061,250,000 Combined total value = 13,053,614,500,000
Strike 28150 has a total call value of 13,288,339,750,000 versus a total put value of 12,335,625,000 Combined total value = 13,300,675,375,000
Strike 28200 has a total call value of 13,536,126,250,000 versus a total put value of 11,610,000,000 Combined total value = 13,547,736,250,000
Strike 28250 has a total call value of 13,783,912,750,000 versus a total put value of 10,884,375,000 Combined total value = 13,794,797,125,000
Strike 28300 has a total call value of 14,031,699,250,000 versus a total put value of 10,158,750,000 Combined total value = 14,041,858,000,000
Strike 28350 has a total call value of 14,279,485,750,000 versus a total put value of 9,433,125,000 Combined total value = 14,288,918,875,000
Strike 28400 has a total call value of 14,527,272,250,000 versus a total put value of 8,707,500,000 Combined total value = 14,535,979,750,000
Strike 28450 has a total call value of 14,775,058,750,000 versus a total put value of 7,981,875,000 Combined total value = 14,783,040,625,000
Strike 28500 has a total call value of 15,022,845,250,000 versus a total put value of 7,256,250,000 Combined total value = 15,030,101,500,000
Strike 28550 has a total call value of 15,270,631,750,000 versus a total put value of 6,530,625,000 Combined total value = 15,277,162,375,000
Strike 28600 has a total call value of 15,518,418,250,000 versus a total put value of 5,805,000,000 Combined total value = 15,524,223,250,000
Strike 28650 has a total call value of 15,766,204,750,000 versus a total put value of 5,079,375,000 Combined total value = 15,771,284,125,000
Strike 28700 has a total call value of 16,013,991,250,000 versus a total put value of 4,353,750,000 Combined total value = 16,018,345,000,000
Strike 28750 has a total call value of 16,261,777,750,000 versus a total put value of 3,628,125,000 Combined total value = 16,265,405,875,000
Strike 28800 has a total call value of 16,509,564,250,000 versus a total put value of 2,902,500,000 Combined total value = 16,512,466,750,000
Strike 28850 has a total call value of 16,757,350,750,000 versus a total put value of 2,176,875,000 Combined total value = 16,759,527,625,000
Strike 28900 has a total call value of 17,005,137,250,000 versus a total put value of 1,451,250,000 Combined total value = 17,006,588,500,000
Strike 28950 has a total call value of 17,252,923,750,000 versus a total put value of 725,625,000 Combined total value = 17,253,649,375,000
Strike 29000 has a total call value of 17,500,710,250,000 versus a total put value of 0 Combined total value = 17,500,710,250,000
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.