NIFTY
NiftyMax Pain - NIFTY
Strike 13000 has a total call value of 0 versus a total put value of 74,566,422,000,000 Combined total value = 74,566,422,000,000
Strike 14000 has a total call value of 0 versus a total put value of 68,432,149,500,000 Combined total value = 68,432,149,500,000
Strike 15000 has a total call value of 0 versus a total put value of 62,297,877,000,000 Combined total value = 62,297,877,000,000
Strike 16000 has a total call value of 0 versus a total put value of 56,165,309,500,000 Combined total value = 56,165,309,500,000
Strike 16500 has a total call value of 0 versus a total put value of 53,099,857,000,000 Combined total value = 53,099,857,000,000
Strike 17000 has a total call value of 0 versus a total put value of 50,034,404,500,000 Combined total value = 50,034,404,500,000
Strike 18000 has a total call value of 11,040,000,000 versus a total put value of 43,916,644,500,000 Combined total value = 43,927,684,500,000
Strike 19000 has a total call value of 27,625,000,000 versus a total put value of 37,812,929,500,000 Combined total value = 37,840,554,500,000
Strike 19350 has a total call value of 33,767,500,000 versus a total put value of 35,688,709,500,000 Combined total value = 35,722,477,000,000
Strike 19400 has a total call value of 34,645,000,000 versus a total put value of 35,385,249,500,000 Combined total value = 35,419,894,500,000
Strike 19450 has a total call value of 35,522,500,000 versus a total put value of 35,081,789,500,000 Combined total value = 35,117,312,000,000
Strike 19500 has a total call value of 36,400,000,000 versus a total put value of 34,778,329,500,000 Combined total value = 34,814,729,500,000
Strike 19550 has a total call value of 37,282,875,000 versus a total put value of 34,474,869,500,000 Combined total value = 34,512,152,375,000
Strike 19600 has a total call value of 38,165,750,000 versus a total put value of 34,171,409,500,000 Combined total value = 34,209,575,250,000
Strike 19650 has a total call value of 39,048,625,000 versus a total put value of 33,867,949,500,000 Combined total value = 33,906,998,125,000
Strike 19700 has a total call value of 39,931,500,000 versus a total put value of 33,564,489,500,000 Combined total value = 33,604,421,000,000
Strike 19750 has a total call value of 40,814,375,000 versus a total put value of 33,261,029,500,000 Combined total value = 33,301,843,875,000
Strike 19800 has a total call value of 41,697,250,000 versus a total put value of 32,957,569,500,000 Combined total value = 32,999,266,750,000
Strike 19850 has a total call value of 42,580,125,000 versus a total put value of 32,654,109,500,000 Combined total value = 32,696,689,625,000
Strike 19900 has a total call value of 43,463,000,000 versus a total put value of 32,350,649,500,000 Combined total value = 32,394,112,500,000
Strike 19950 has a total call value of 44,345,875,000 versus a total put value of 32,047,189,500,000 Combined total value = 32,091,535,375,000
Strike 20000 has a total call value of 45,228,750,000 versus a total put value of 31,743,729,500,000 Combined total value = 31,788,958,250,000
Strike 20050 has a total call value of 47,869,250,000 versus a total put value of 31,443,408,500,000 Combined total value = 31,491,277,750,000
Strike 20100 has a total call value of 50,509,750,000 versus a total put value of 31,143,087,500,000 Combined total value = 31,193,597,250,000
Strike 20150 has a total call value of 53,150,250,000 versus a total put value of 30,842,766,500,000 Combined total value = 30,895,916,750,000
Strike 20200 has a total call value of 55,790,750,000 versus a total put value of 30,542,445,500,000 Combined total value = 30,598,236,250,000
Strike 20250 has a total call value of 58,431,250,000 versus a total put value of 30,242,124,500,000 Combined total value = 30,300,555,750,000
Strike 20300 has a total call value of 61,071,750,000 versus a total put value of 29,941,803,500,000 Combined total value = 30,002,875,250,000
Strike 20350 has a total call value of 63,712,250,000 versus a total put value of 29,641,482,500,000 Combined total value = 29,705,194,750,000
Strike 20400 has a total call value of 66,352,750,000 versus a total put value of 29,341,161,500,000 Combined total value = 29,407,514,250,000
Strike 20450 has a total call value of 68,993,250,000 versus a total put value of 29,040,840,500,000 Combined total value = 29,109,833,750,000
Strike 20500 has a total call value of 71,633,750,000 versus a total put value of 28,740,519,500,000 Combined total value = 28,812,153,250,000
Strike 20550 has a total call value of 74,274,250,000 versus a total put value of 28,440,198,500,000 Combined total value = 28,514,472,750,000
Strike 20600 has a total call value of 76,914,750,000 versus a total put value of 28,139,877,500,000 Combined total value = 28,216,792,250,000
Strike 20650 has a total call value of 79,555,250,000 versus a total put value of 27,839,556,500,000 Combined total value = 27,919,111,750,000
Strike 20700 has a total call value of 82,195,750,000 versus a total put value of 27,539,235,500,000 Combined total value = 27,621,431,250,000
Strike 20750 has a total call value of 84,836,250,000 versus a total put value of 27,238,914,500,000 Combined total value = 27,323,750,750,000
Strike 20800 has a total call value of 87,476,750,000 versus a total put value of 26,938,593,500,000 Combined total value = 27,026,070,250,000
Strike 20850 has a total call value of 90,117,250,000 versus a total put value of 26,638,272,500,000 Combined total value = 26,728,389,750,000
Strike 20900 has a total call value of 92,757,750,000 versus a total put value of 26,337,951,500,000 Combined total value = 26,430,709,250,000
Strike 20950 has a total call value of 95,398,250,000 versus a total put value of 26,037,630,500,000 Combined total value = 26,133,028,750,000
Strike 21000 has a total call value of 98,038,750,000 versus a total put value of 25,737,309,500,000 Combined total value = 25,835,348,250,000
Strike 21050 has a total call value of 102,583,000,000 versus a total put value of 25,443,644,250,000 Combined total value = 25,546,227,250,000
Strike 21100 has a total call value of 107,127,250,000 versus a total put value of 25,149,979,000,000 Combined total value = 25,257,106,250,000
Strike 21150 has a total call value of 111,671,500,000 versus a total put value of 24,856,313,750,000 Combined total value = 24,967,985,250,000
Strike 21200 has a total call value of 116,215,750,000 versus a total put value of 24,562,648,500,000 Combined total value = 24,678,864,250,000
Strike 21250 has a total call value of 120,760,000,000 versus a total put value of 24,268,983,250,000 Combined total value = 24,389,743,250,000
Strike 21300 has a total call value of 125,304,250,000 versus a total put value of 23,975,318,000,000 Combined total value = 24,100,622,250,000
Strike 21350 has a total call value of 129,848,500,000 versus a total put value of 23,681,652,750,000 Combined total value = 23,811,501,250,000
Strike 21400 has a total call value of 134,392,750,000 versus a total put value of 23,387,987,500,000 Combined total value = 23,522,380,250,000
Strike 21450 has a total call value of 138,937,000,000 versus a total put value of 23,094,322,250,000 Combined total value = 23,233,259,250,000
Strike 21500 has a total call value of 143,481,250,000 versus a total put value of 22,800,657,000,000 Combined total value = 22,944,138,250,000
Strike 21550 has a total call value of 148,025,500,000 versus a total put value of 22,506,991,750,000 Combined total value = 22,655,017,250,000
Strike 21600 has a total call value of 152,569,750,000 versus a total put value of 22,213,326,500,000 Combined total value = 22,365,896,250,000
Strike 21650 has a total call value of 157,114,000,000 versus a total put value of 21,919,661,250,000 Combined total value = 22,076,775,250,000
Strike 21700 has a total call value of 161,658,250,000 versus a total put value of 21,625,996,000,000 Combined total value = 21,787,654,250,000
Strike 21750 has a total call value of 166,202,500,000 versus a total put value of 21,332,330,750,000 Combined total value = 21,498,533,250,000
Strike 21800 has a total call value of 170,746,750,000 versus a total put value of 21,038,665,500,000 Combined total value = 21,209,412,250,000
Strike 21850 has a total call value of 175,291,000,000 versus a total put value of 20,745,000,250,000 Combined total value = 20,920,291,250,000
Strike 21900 has a total call value of 179,835,250,000 versus a total put value of 20,451,335,000,000 Combined total value = 20,631,170,250,000
Strike 21950 has a total call value of 184,379,500,000 versus a total put value of 20,157,669,750,000 Combined total value = 20,342,049,250,000
Strike 22000 has a total call value of 188,923,750,000 versus a total put value of 19,864,004,500,000 Combined total value = 20,052,928,250,000
Strike 22050 has a total call value of 195,652,625,000 versus a total put value of 19,577,524,000,000 Combined total value = 19,773,176,625,000
Strike 22100 has a total call value of 202,381,500,000 versus a total put value of 19,291,043,500,000 Combined total value = 19,493,425,000,000
Strike 22150 has a total call value of 209,110,375,000 versus a total put value of 19,004,563,000,000 Combined total value = 19,213,673,375,000
Strike 22200 has a total call value of 215,839,250,000 versus a total put value of 18,718,082,500,000 Combined total value = 18,933,921,750,000
Strike 22250 has a total call value of 222,568,125,000 versus a total put value of 18,431,602,000,000 Combined total value = 18,654,170,125,000
Strike 22300 has a total call value of 229,297,000,000 versus a total put value of 18,145,121,500,000 Combined total value = 18,374,418,500,000
Strike 22350 has a total call value of 236,025,875,000 versus a total put value of 17,858,641,000,000 Combined total value = 18,094,666,875,000
Strike 22400 has a total call value of 242,754,750,000 versus a total put value of 17,572,160,500,000 Combined total value = 17,814,915,250,000
Strike 22450 has a total call value of 249,483,625,000 versus a total put value of 17,285,680,000,000 Combined total value = 17,535,163,625,000
Strike 22500 has a total call value of 256,212,500,000 versus a total put value of 16,999,199,500,000 Combined total value = 17,255,412,000,000
Strike 22550 has a total call value of 262,941,375,000 versus a total put value of 16,712,719,000,000 Combined total value = 16,975,660,375,000
Strike 22600 has a total call value of 269,670,250,000 versus a total put value of 16,426,238,500,000 Combined total value = 16,695,908,750,000
Strike 22650 has a total call value of 276,399,125,000 versus a total put value of 16,139,758,000,000 Combined total value = 16,416,157,125,000
Strike 22700 has a total call value of 283,128,000,000 versus a total put value of 15,853,277,500,000 Combined total value = 16,136,405,500,000
Strike 22750 has a total call value of 289,856,875,000 versus a total put value of 15,566,797,000,000 Combined total value = 15,856,653,875,000
Strike 22800 has a total call value of 296,585,750,000 versus a total put value of 15,280,316,500,000 Combined total value = 15,576,902,250,000
Strike 22850 has a total call value of 303,314,625,000 versus a total put value of 14,993,836,000,000 Combined total value = 15,297,150,625,000
Strike 22900 has a total call value of 310,047,625,000 versus a total put value of 14,707,775,125,000 Combined total value = 15,017,822,750,000
Strike 22950 has a total call value of 316,780,625,000 versus a total put value of 14,422,421,875,000 Combined total value = 14,739,202,500,000
Strike 23000 has a total call value of 323,513,625,000 versus a total put value of 14,137,435,000,000 Combined total value = 14,460,948,625,000
Strike 23050 has a total call value of 334,055,250,000 versus a total put value of 13,865,801,875,000 Combined total value = 14,199,857,125,000
Strike 23100 has a total call value of 344,597,250,000 versus a total put value of 13,594,520,500,000 Combined total value = 13,939,117,750,000
Strike 23150 has a total call value of 355,139,250,000 versus a total put value of 13,323,737,125,000 Combined total value = 13,678,876,375,000
Strike 23200 has a total call value of 365,736,750,000 versus a total put value of 13,053,287,125,000 Combined total value = 13,419,023,875,000
Strike 23250 has a total call value of 376,334,250,000 versus a total put value of 12,783,259,375,000 Combined total value = 13,159,593,625,000
Strike 23300 has a total call value of 386,931,750,000 versus a total put value of 12,513,259,750,000 Combined total value = 12,900,191,500,000
Strike 23350 has a total call value of 397,552,875,000 versus a total put value of 12,243,353,500,000 Combined total value = 12,640,906,375,000
Strike 23400 has a total call value of 408,174,375,000 versus a total put value of 11,973,457,000,000 Combined total value = 12,381,631,375,000
Strike 23450 has a total call value of 418,795,875,000 versus a total put value of 11,703,671,500,000 Combined total value = 12,122,467,375,000
Strike 23500 has a total call value of 429,424,500,000 versus a total put value of 11,433,898,000,000 Combined total value = 11,863,322,500,000
Strike 23550 has a total call value of 441,002,250,000 versus a total put value of 11,169,770,875,000 Combined total value = 11,610,773,125,000
Strike 23600 has a total call value of 452,580,375,000 versus a total put value of 10,905,661,375,000 Combined total value = 11,358,241,750,000
Strike 23650 has a total call value of 464,171,250,000 versus a total put value of 10,641,756,250,000 Combined total value = 11,105,927,500,000
Strike 23700 has a total call value of 475,762,125,000 versus a total put value of 10,377,851,125,000 Combined total value = 10,853,613,250,000
Strike 23750 has a total call value of 487,369,500,000 versus a total put value of 10,114,345,375,000 Combined total value = 10,601,714,875,000
Strike 23800 has a total call value of 498,977,250,000 versus a total put value of 9,850,839,625,000 Combined total value = 10,349,816,875,000
Strike 23850 has a total call value of 510,601,500,000 versus a total put value of 9,589,659,250,000 Combined total value = 10,100,260,750,000
Strike 23900 has a total call value of 522,226,125,000 versus a total put value of 9,328,555,000,000 Combined total value = 9,850,781,125,000
Strike 23950 has a total call value of 533,856,000,000 versus a total put value of 9,068,082,625,000 Combined total value = 9,601,938,625,000
Strike 24000 has a total call value of 545,486,250,000 versus a total put value of 8,807,713,750,000 Combined total value = 9,353,200,000,000
Strike 24050 has a total call value of 562,070,500,000 versus a total put value of 8,564,814,750,000 Combined total value = 9,126,885,250,000
Strike 24100 has a total call value of 578,655,125,000 versus a total put value of 8,321,989,625,000 Combined total value = 8,900,644,750,000
Strike 24150 has a total call value of 595,249,875,000 versus a total put value of 8,079,876,625,000 Combined total value = 8,675,126,500,000
Strike 24200 has a total call value of 611,845,375,000 versus a total put value of 7,837,828,500,000 Combined total value = 8,449,673,875,000
Strike 24250 has a total call value of 628,471,250,000 versus a total put value of 7,597,726,250,000 Combined total value = 8,226,197,500,000
Strike 24300 has a total call value of 645,097,125,000 versus a total put value of 7,357,837,750,000 Combined total value = 8,002,934,875,000
Strike 24350 has a total call value of 661,730,125,000 versus a total put value of 7,119,201,000,000 Combined total value = 7,780,931,125,000
Strike 24400 has a total call value of 678,365,375,000 versus a total put value of 6,880,779,500,000 Combined total value = 7,559,144,875,000
Strike 24450 has a total call value of 695,013,000,000 versus a total put value of 6,643,181,500,000 Combined total value = 7,338,194,500,000
Strike 24500 has a total call value of 711,662,125,000 versus a total put value of 6,405,807,750,000 Combined total value = 7,117,469,875,000
Strike 24550 has a total call value of 729,268,625,000 versus a total put value of 6,176,340,875,000 Combined total value = 6,905,609,500,000
Strike 24600 has a total call value of 746,877,750,000 versus a total put value of 5,947,012,750,000 Combined total value = 6,693,890,500,000
Strike 24650 has a total call value of 764,527,375,000 versus a total put value of 5,719,211,250,000 Combined total value = 6,483,738,625,000
Strike 24700 has a total call value of 782,178,875,000 versus a total put value of 5,491,532,000,000 Combined total value = 6,273,710,875,000
Strike 24750 has a total call value of 799,867,500,000 versus a total put value of 5,265,416,500,000 Combined total value = 6,065,284,000,000
Strike 24800 has a total call value of 817,570,000,000 versus a total put value of 5,039,531,250,000 Combined total value = 5,857,101,250,000
Strike 24850 has a total call value of 835,500,875,000 versus a total put value of 4,818,642,500,000 Combined total value = 5,654,143,375,000
Strike 24900 has a total call value of 853,433,625,000 versus a total put value of 4,597,986,625,000 Combined total value = 5,451,420,250,000
Strike 24950 has a total call value of 871,575,250,000 versus a total put value of 4,379,410,875,000 Combined total value = 5,250,986,125,000
Strike 25000 has a total call value of 889,721,000,000 versus a total put value of 4,161,260,750,000 Combined total value = 5,050,981,750,000
Strike 25050 has a total call value of 916,550,875,000 versus a total put value of 3,968,350,875,000 Combined total value = 4,884,901,750,000
Strike 25100 has a total call value of 943,386,375,000 versus a total put value of 3,775,828,750,000 Combined total value = 4,719,215,125,000
Strike 25150 has a total call value of 970,306,625,000 versus a total put value of 3,586,001,375,000 Combined total value = 4,556,308,000,000
Strike 25200 has a total call value of 997,232,875,000 versus a total put value of 3,396,465,000,000 Combined total value = 4,393,697,875,000
Strike 25250 has a total call value of 1,024,554,750,000 versus a total put value of 3,211,507,000,000 Combined total value = 4,236,061,750,000
Strike 25300 has a total call value of 1,051,914,875,000 versus a total put value of 3,027,147,875,000 Combined total value = 4,079,062,750,000
Strike 25350 has a total call value of 1,079,728,750,000 versus a total put value of 2,848,204,500,000 Combined total value = 3,927,933,250,000
Strike 25400 has a total call value of 1,107,559,500,000 versus a total put value of 2,669,813,500,000 Combined total value = 3,777,373,000,000
Strike 25450 has a total call value of 1,136,253,125,000 versus a total put value of 2,498,228,750,000 Combined total value = 3,634,481,875,000
Strike 25500 has a total call value of 1,164,962,500,000 versus a total put value of 2,327,599,875,000 Combined total value = 3,492,562,375,000
Strike 25550 has a total call value of 1,198,189,875,000 versus a total put value of 2,177,942,875,000 Combined total value = 3,376,132,750,000
Strike 25600 has a total call value of 1,231,460,750,000 versus a total put value of 2,029,439,000,000 Combined total value = 3,260,899,750,000
Strike 25650 has a total call value of 1,265,430,250,000 versus a total put value of 1,887,144,000,000 Combined total value = 3,152,574,250,000
Strike 25700 has a total call value of 1,299,455,250,000 versus a total put value of 1,745,870,875,000 Combined total value = 3,045,326,125,000
Strike 25750 has a total call value of 1,335,303,125,000 versus a total put value of 1,616,994,125,000 Combined total value = 2,952,297,250,000
Strike 25800 has a total call value of 1,371,248,125,000 versus a total put value of 1,489,567,875,000 Combined total value = 2,860,816,000,000
Strike 25850 has a total call value of 1,408,904,625,000 versus a total put value of 1,372,898,500,000 Combined total value = 2,781,803,125,000
Strike 25900 has a total call value of 1,446,738,125,000 versus a total put value of 1,257,134,000,000 Combined total value = 2,703,872,125,000
Strike 25950 has a total call value of 1,486,716,625,000 versus a total put value of 1,146,214,500,000 Combined total value = 2,632,931,125,000
Strike 26000 has a total call value of 1,526,962,875,000 versus a total put value of 1,036,123,375,000 Combined total value = 2,563,086,250,000
Strike 26050 has a total call value of 1,598,366,625,000 versus a total put value of 964,175,125,000 Combined total value = 2,562,541,750,000
Strike 26100 has a total call value of 1,670,241,750,000 versus a total put value of 893,220,250,000 Combined total value = 2,563,462,000,000
Strike 26150 has a total call value of 1,750,917,375,000 versus a total put value of 831,760,750,000 Combined total value = 2,582,678,125,000
Strike 26200 has a total call value of 1,832,634,000,000 versus a total put value of 771,886,750,000 Combined total value = 2,604,520,750,000
Strike 26250 has a total call value of 1,927,091,625,000 versus a total put value of 725,480,500,000 Combined total value = 2,652,572,125,000
Strike 26300 has a total call value of 2,022,610,500,000 versus a total put value of 680,153,125,000 Combined total value = 2,702,763,625,000
Strike 26350 has a total call value of 2,126,853,750,000 versus a total put value of 641,267,125,000 Combined total value = 2,768,120,875,000
Strike 26400 has a total call value of 2,231,802,375,000 versus a total put value of 602,847,625,000 Combined total value = 2,834,650,000,000
Strike 26450 has a total call value of 2,343,472,125,000 versus a total put value of 568,834,375,000 Combined total value = 2,912,306,500,000
Strike 26500 has a total call value of 2,455,964,625,000 versus a total put value of 535,190,875,000 Combined total value = 2,991,155,500,000
Strike 26550 has a total call value of 2,589,454,125,000 versus a total put value of 512,153,500,000 Combined total value = 3,101,607,625,000
Strike 26600 has a total call value of 2,723,784,375,000 versus a total put value of 489,263,875,000 Combined total value = 3,213,048,250,000
Strike 26650 has a total call value of 2,863,032,375,000 versus a total put value of 467,397,625,000 Combined total value = 3,330,430,000,000
Strike 26700 has a total call value of 3,003,408,000,000 versus a total put value of 445,756,000,000 Combined total value = 3,449,164,000,000
Strike 26750 has a total call value of 3,155,201,250,000 versus a total put value of 424,710,625,000 Combined total value = 3,579,911,875,000
Strike 26800 has a total call value of 3,308,138,250,000 versus a total put value of 403,699,000,000 Combined total value = 3,711,837,250,000
Strike 26850 has a total call value of 3,473,491,125,000 versus a total put value of 383,560,000,000 Combined total value = 3,857,051,125,000
Strike 26900 has a total call value of 3,639,507,000,000 versus a total put value of 363,443,875,000 Combined total value = 4,002,950,875,000
Strike 26950 has a total call value of 3,809,590,125,000 versus a total put value of 343,622,500,000 Combined total value = 4,153,212,625,000
Strike 27000 has a total call value of 3,980,376,000,000 versus a total put value of 323,807,500,000 Combined total value = 4,304,183,500,000
Strike 27050 has a total call value of 4,185,084,375,000 versus a total put value of 310,683,625,000 Combined total value = 4,495,768,000,000
Strike 27100 has a total call value of 4,390,362,750,000 versus a total put value of 297,561,250,000 Combined total value = 4,687,924,000,000
Strike 27150 has a total call value of 4,600,070,625,000 versus a total put value of 284,551,750,000 Combined total value = 4,884,622,375,000
Strike 27200 has a total call value of 4,810,137,375,000 versus a total put value of 271,544,125,000 Combined total value = 5,081,681,500,000
Strike 27250 has a total call value of 5,025,755,625,000 versus a total put value of 259,096,750,000 Combined total value = 5,284,852,375,000
Strike 27300 has a total call value of 5,241,795,000,000 versus a total put value of 246,650,500,000 Combined total value = 5,488,445,500,000
Strike 27350 has a total call value of 5,460,949,125,000 versus a total put value of 234,380,875,000 Combined total value = 5,695,330,000,000
Strike 27400 has a total call value of 5,680,143,750,000 versus a total put value of 222,113,125,000 Combined total value = 5,902,256,875,000
Strike 27450 has a total call value of 5,901,089,625,000 versus a total put value of 209,857,375,000 Combined total value = 6,110,947,000,000
Strike 27500 has a total call value of 6,122,235,750,000 versus a total put value of 197,602,000,000 Combined total value = 6,319,837,750,000
Strike 27550 has a total call value of 6,355,516,125,000 versus a total put value of 188,305,750,000 Combined total value = 6,543,821,875,000
Strike 27600 has a total call value of 6,589,021,500,000 versus a total put value of 179,009,875,000 Combined total value = 6,768,031,375,000
Strike 27650 has a total call value of 6,824,134,500,000 versus a total put value of 169,759,000,000 Combined total value = 6,993,893,500,000
Strike 27700 has a total call value of 7,059,411,750,000 versus a total put value of 160,510,375,000 Combined total value = 7,219,922,125,000
Strike 27750 has a total call value of 7,296,204,750,000 versus a total put value of 151,300,750,000 Combined total value = 7,447,505,500,000
Strike 27800 has a total call value of 7,532,997,750,000 versus a total put value of 142,097,125,000 Combined total value = 7,675,094,875,000
Strike 27850 has a total call value of 7,772,547,375,000 versus a total put value of 132,910,000,000 Combined total value = 7,905,457,375,000
Strike 27900 has a total call value of 8,012,128,875,000 versus a total put value of 123,728,125,000 Combined total value = 8,135,857,000,000
Strike 27950 has a total call value of 8,252,319,750,000 versus a total put value of 114,548,875,000 Combined total value = 8,366,868,625,000
Strike 28000 has a total call value of 8,492,556,000,000 versus a total put value of 105,370,000,000 Combined total value = 8,597,926,000,000
Strike 28050 has a total call value of 8,750,550,000,000 versus a total put value of 101,233,500,000 Combined total value = 8,851,783,500,000
Strike 28100 has a total call value of 9,008,544,000,000 versus a total put value of 97,097,000,000 Combined total value = 9,105,641,000,000
Strike 28150 has a total call value of 9,266,538,000,000 versus a total put value of 92,960,500,000 Combined total value = 9,359,498,500,000
Strike 28200 has a total call value of 9,524,532,000,000 versus a total put value of 88,824,000,000 Combined total value = 9,613,356,000,000
Strike 28250 has a total call value of 9,782,526,000,000 versus a total put value of 84,687,500,000 Combined total value = 9,867,213,500,000
Strike 28300 has a total call value of 10,040,520,000,000 versus a total put value of 80,551,000,000 Combined total value = 10,121,071,000,000
Strike 28350 has a total call value of 10,298,514,000,000 versus a total put value of 76,414,500,000 Combined total value = 10,374,928,500,000
Strike 28400 has a total call value of 10,556,508,000,000 versus a total put value of 72,278,000,000 Combined total value = 10,628,786,000,000
Strike 28450 has a total call value of 10,814,502,000,000 versus a total put value of 68,141,500,000 Combined total value = 10,882,643,500,000
Strike 28500 has a total call value of 11,072,496,000,000 versus a total put value of 64,005,000,000 Combined total value = 11,136,501,000,000
Strike 28550 has a total call value of 11,330,490,000,000 versus a total put value of 59,868,500,000 Combined total value = 11,390,358,500,000
Strike 28600 has a total call value of 11,588,484,000,000 versus a total put value of 55,732,000,000 Combined total value = 11,644,216,000,000
Strike 28650 has a total call value of 11,846,478,000,000 versus a total put value of 51,595,500,000 Combined total value = 11,898,073,500,000
Strike 28700 has a total call value of 12,104,472,000,000 versus a total put value of 47,459,000,000 Combined total value = 12,151,931,000,000
Strike 28750 has a total call value of 12,362,466,000,000 versus a total put value of 43,322,500,000 Combined total value = 12,405,788,500,000
Strike 28800 has a total call value of 12,620,460,000,000 versus a total put value of 39,186,000,000 Combined total value = 12,659,646,000,000
Strike 28850 has a total call value of 12,878,454,000,000 versus a total put value of 35,049,500,000 Combined total value = 12,913,503,500,000
Strike 28900 has a total call value of 13,136,448,000,000 versus a total put value of 30,913,000,000 Combined total value = 13,167,361,000,000
Strike 28950 has a total call value of 13,394,442,000,000 versus a total put value of 26,776,500,000 Combined total value = 13,421,218,500,000
Strike 29000 has a total call value of 13,652,436,000,000 versus a total put value of 22,640,000,000 Combined total value = 13,675,076,000,000
Strike 29050 has a total call value of 13,915,774,375,000 versus a total put value of 21,538,000,000 Combined total value = 13,937,312,375,000
Strike 29100 has a total call value of 14,179,112,750,000 versus a total put value of 20,436,000,000 Combined total value = 14,199,548,750,000
Strike 29150 has a total call value of 14,442,451,125,000 versus a total put value of 19,334,000,000 Combined total value = 14,461,785,125,000
Strike 29200 has a total call value of 14,705,789,500,000 versus a total put value of 18,232,000,000 Combined total value = 14,724,021,500,000
Strike 29250 has a total call value of 14,969,127,875,000 versus a total put value of 17,130,000,000 Combined total value = 14,986,257,875,000
Strike 29300 has a total call value of 15,232,466,250,000 versus a total put value of 16,028,000,000 Combined total value = 15,248,494,250,000
Strike 29350 has a total call value of 15,495,804,625,000 versus a total put value of 14,926,000,000 Combined total value = 15,510,730,625,000
Strike 29400 has a total call value of 15,759,143,000,000 versus a total put value of 13,824,000,000 Combined total value = 15,772,967,000,000
Strike 29450 has a total call value of 16,022,481,375,000 versus a total put value of 12,722,000,000 Combined total value = 16,035,203,375,000
Strike 29500 has a total call value of 16,285,819,750,000 versus a total put value of 11,620,000,000 Combined total value = 16,297,439,750,000
Strike 29550 has a total call value of 16,549,158,125,000 versus a total put value of 10,518,000,000 Combined total value = 16,559,676,125,000
Strike 29600 has a total call value of 16,812,496,500,000 versus a total put value of 9,416,000,000 Combined total value = 16,821,912,500,000
Strike 29650 has a total call value of 17,075,834,875,000 versus a total put value of 8,314,000,000 Combined total value = 17,084,148,875,000
Strike 29700 has a total call value of 17,339,173,250,000 versus a total put value of 7,212,000,000 Combined total value = 17,346,385,250,000
Strike 29750 has a total call value of 17,602,511,625,000 versus a total put value of 6,110,000,000 Combined total value = 17,608,621,625,000
Strike 29800 has a total call value of 17,865,850,000,000 versus a total put value of 5,008,000,000 Combined total value = 17,870,858,000,000
Strike 29850 has a total call value of 18,129,188,375,000 versus a total put value of 3,906,000,000 Combined total value = 18,133,094,375,000
Strike 29900 has a total call value of 18,392,526,750,000 versus a total put value of 2,804,000,000 Combined total value = 18,395,330,750,000
Strike 29950 has a total call value of 18,655,865,125,000 versus a total put value of 1,702,000,000 Combined total value = 18,657,567,125,000
Strike 30000 has a total call value of 18,919,203,500,000 versus a total put value of 600,000,000 Combined total value = 18,919,803,500,000
Strike 30050 has a total call value of 19,185,773,625,000 versus a total put value of 570,000,000 Combined total value = 19,186,343,625,000
Strike 30100 has a total call value of 19,452,343,750,000 versus a total put value of 540,000,000 Combined total value = 19,452,883,750,000
Strike 30150 has a total call value of 19,718,913,875,000 versus a total put value of 510,000,000 Combined total value = 19,719,423,875,000
Strike 30200 has a total call value of 19,985,484,000,000 versus a total put value of 480,000,000 Combined total value = 19,985,964,000,000
Strike 30250 has a total call value of 20,252,054,125,000 versus a total put value of 450,000,000 Combined total value = 20,252,504,125,000
Strike 30300 has a total call value of 20,518,624,250,000 versus a total put value of 420,000,000 Combined total value = 20,519,044,250,000
Strike 30350 has a total call value of 20,785,194,375,000 versus a total put value of 390,000,000 Combined total value = 20,785,584,375,000
Strike 30400 has a total call value of 21,051,764,500,000 versus a total put value of 360,000,000 Combined total value = 21,052,124,500,000
Strike 30450 has a total call value of 21,318,334,625,000 versus a total put value of 330,000,000 Combined total value = 21,318,664,625,000
Strike 30500 has a total call value of 21,584,904,750,000 versus a total put value of 300,000,000 Combined total value = 21,585,204,750,000
Strike 30550 has a total call value of 21,851,474,875,000 versus a total put value of 270,000,000 Combined total value = 21,851,744,875,000
Strike 30600 has a total call value of 22,118,045,000,000 versus a total put value of 240,000,000 Combined total value = 22,118,285,000,000
Strike 30650 has a total call value of 22,384,615,125,000 versus a total put value of 210,000,000 Combined total value = 22,384,825,125,000
Strike 30700 has a total call value of 22,651,185,250,000 versus a total put value of 180,000,000 Combined total value = 22,651,365,250,000
Strike 30750 has a total call value of 22,917,755,375,000 versus a total put value of 150,000,000 Combined total value = 22,917,905,375,000
Strike 30800 has a total call value of 23,184,325,500,000 versus a total put value of 120,000,000 Combined total value = 23,184,445,500,000
Strike 30850 has a total call value of 23,450,895,625,000 versus a total put value of 90,000,000 Combined total value = 23,450,985,625,000
Strike 30900 has a total call value of 23,717,465,750,000 versus a total put value of 60,000,000 Combined total value = 23,717,525,750,000
Strike 30950 has a total call value of 23,984,035,875,000 versus a total put value of 30,000,000 Combined total value = 23,984,065,875,000
Strike 31000 has a total call value of 24,250,606,000,000 versus a total put value of 0 Combined total value = 24,250,606,000,000
Max-Pain Table for Stocks
| Max Pain Table (Stocks) | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1146.7 | 1140 |
| ABB | 5173.5 | 5150 |
| ABCAPITAL | 358.75 | 350 |
| ADANIENSOL | 978.85 | 980 |
| ADANIENT | 2265.4 | 2300 |
| ADANIGREEN | 1017.7 | 1020 |
| ADANIPORTS | 1509.4 | 1500 |
| ALKEM | 5675.5 | 5700 |
| AMBER | 6562.5 | 6600 |
| AMBUJACEM | 533.8 | 550 |
| ANGELONE | 2641.7 | 2650 |
| APLAPOLLO | 1771 | 1760 |
| APOLLOHOSP | 7189.5 | 7350 |
| ASHOKLEY | 160.86 | 157 |
| ASIANPAINT | 2968.5 | 2920 |
| ASTRAL | 1459.5 | 1460 |
| AUBANK | 960.7 | 940 |
| AUROPHARMA | 1217.6 | 1220 |
| AXISBANK | 1282.5 | 1280 |
| BAJAJ-AUTO | 9109 | 9100 |
| BAJAJFINSV | 2096.5 | 2080 |
| BAJFINANCE | 1048 | 1030 |
| BANDHANBNK | 140.08 | 150 |
| BANKBARODA | 292.6 | 292.5 |
| BANKINDIA | 143.11 | 145 |
| BDL | 1512.5 | 1520 |
| BEL | 406.9 | 410 |
| BHARATFORG | 1406 | 1400 |
| BHARTIARTL | 2108.8 | 2100 |
| BHEL | 277.75 | 285 |
| BIOCON | 392.65 | 400 |
| BLUESTARCO | 1734.4 | 1760 |
| BOSCHLTD | 36920 | 36500 |
| BPCL | 360.3 | 362.5 |
| BRITANNIA | 5961 | 5900 |
| BSE | 2815.9 | 2800 |
| CAMS | 775.7 | 780 |
| CANBK | 148.64 | 150 |
| CDSL | 1550.6 | 1600 |
| CGPOWER | 661.35 | 680 |
| CHOLAFIN | 1730.4 | 1700 |
| CIPLA | 1520.8 | 1530 |
| COALINDIA | 379.95 | 380 |
| COFORGE | 1977.9 | 1860 |
| COLPAL | 2164.4 | 2200 |
| CONCOR | 511.05 | 520 |
| CROMPTON | 260.1 | 270 |
| CUMMINSIND | 4468.9 | 4500 |
| CYIENT | 1169.2 | 1160 |
| DABUR | 510.1 | 515 |
| DALBHARAT | 1989 | 2000 |
| DELHIVERY | 404.6 | 420 |
| DIVISLAB | 6473.5 | 6450 |
| DIXON | 13749 | 14500 |
| DLF | 719.75 | 730 |
| DMART | 3952.1 | 4000 |
| DRREDDY | 1275.2 | 1270 |
| EICHERMOT | 7208 | 7100 |
| ETERNAL | 292.4 | 305 |
| EXIDEIND | 380.15 | 380 |
| FEDERALBNK | 259.2 | 255 |
| FORTIS | 888.55 | 910 |
| GAIL | 169.98 | 175 |
| GLENMARK | 1968.2 | 1940 |
| GMRAIRPORT | 103.51 | 102 |
| GODREJCP | 1136 | 1140 |
| GODREJPROP | 2082.4 | 2100 |
| GRASIM | 2747 | 2760 |
| HAL | 4443 | 4500 |
| HAVELLS | 1436.5 | 1440 |
| HCLTECH | 1683 | 1640 |
| HDFCAMC | 2577.5 | 2650 |
| HDFCBANK | 1003.3 | 1000 |
| HDFCLIFE | 768.3 | 770 |
| HEROMOTOCO | 6350.5 | 6200 |
| HFCL | 69.03 | 70 |
| HINDALCO | 823.25 | 800 |
| HINDPETRO | 450.35 | 455 |
| HINDUNILVR | 2338.6 | 2360 |
| HINDZINC | 498.1 | 490 |
| HUDCO | 225.22 | 230 |
| ICICIBANK | 1392.5 | 1380 |
| ICICIGI | 1974.4 | 2000 |
| ICICIPRULI | 626.05 | 620 |
| IDEA | 10.8 | 10 |
| IDFCFIRSTB | 80.87 | 80 |
| IEX | 145.31 | 145 |
| IIFL | 569.35 | 560 |
| INDHOTEL | 730.9 | 740 |
| INDIANB | 808.95 | 830 |
| INDIGO | 5370.5 | 5500 |
| INDUSINDBK | 870.1 | 860 |
| INDUSTOWER | 415.7 | 410 |
| INFY | 1616.2 | 1600 |
| INOXWIND | 130.24 | 137.5 |
| IOC | 163.66 | 164 |
| IRCTC | 675.2 | 690 |
| IREDA | 133.4 | 140 |
| IRFC | 114.6 | 118 |
| ITC | 404.95 | 405 |
| JINDALSTEL | 1006.8 | 1030 |
| JIOFIN | 303.75 | 310 |
| JSWENERGY | 461.95 | 490 |
| JSWSTEEL | 1162.2 | 1150 |
| JUBLFOOD | 593.2 | 600 |
| KALYANKJIL | 492.5 | 490 |
| KAYNES | 4353.5 | 4900 |
| KEI | 4163.5 | 4150 |
| KFINTECH | 1066.4 | 1080 |
| KOTAKBANK | 2154.9 | 2120 |
| KPITTECH | 1267 | 1240 |
| LAURUSLABS | 1026.1 | 1000 |
| LICHSGFIN | 541.8 | 555 |
| LICI | 869.9 | 900 |
| LODHA | 1111.6 | 1160 |
| LT | 4038.2 | 4020 |
| LTF | 309.6 | 305 |
| LTIM | 6292 | 6150 |
| LUPIN | 2098.8 | 2080 |
| M&M | 3717.1 | 3700 |
| MANAPPURAM | 279.7 | 280 |
| MANKIND | 2205.5 | 2250 |
| MARICO | 736.65 | 730 |
| MARUTI | 16282 | 16200 |
| MAXHEALTH | 1097.4 | 1120 |
| MAZDOCK | 2616.3 | 2700 |
| MCX | 10343 | 10100 |
| MFSL | 1690.2 | 1700 |
| MOTHERSON | 117.05 | 115 |
| MPHASIS | 2953.6 | 2900 |
| MUTHOOTFIN | 3800.1 | 3700 |
| NATIONALUM | 273.15 | 265 |
| NAUKRI | 1388.7 | 1380 |
| NBCC | 112.06 | 115 |
| NCC | 168.16 | 172.5 |
| NESTLEIND | 1246.9 | 1260 |
| NHPC | 77.07 | 78 |
| NMDC | 76.46 | 76 |
| NTPC | 323.3 | 325 |
| NUVAMA | 7172.5 | 7200 |
| NYKAA | 254.8 | 260 |
| OBEROIRLTY | 1657.7 | 1660 |
| OFSS | 8219 | 8200 |
| OIL | 411.95 | 415 |
| ONGC | 241.23 | 244 |
| PAGEIND | 37455 | 38000 |
| PATANJALI | 550.8 | 550 |
| PAYTM | 1344.6 | 1320 |
| PERSISTENT | 6520.5 | 6400 |
| PETRONET | 274.8 | 280 |
| PFC | 352.65 | 365 |
| PGEL | 553.9 | 570 |
| PHOENIXLTD | 1725.1 | 1740 |
| PIDILITIND | 1475.1 | 1480 |
| PIIND | 3396.1 | 3450 |
| PNB | 121.71 | 123 |
| PNBHOUSING | 903.85 | 900 |
| POLICYBZR | 1893.8 | 1860 |
| POLYCAB | 7257 | 7400 |
| POWERGRID | 269.8 | 275 |
| POWERINDIA | 19305 | 20500 |
| PPLPHARMA | 179.85 | 185 |
| PRESTIGE | 1689.7 | 1680 |
| RBLBANK | 305.8 | 310 |
| RECLTD | 353.3 | 360 |
| RELIANCE | 1540.6 | 1540 |
| RVNL | 310.85 | 315 |
| SAIL | 132.54 | 135 |
| SAMMAANCAP | 148.32 | 155 |
| SBICARD | 885.15 | 880 |
| SBILIFE | 2023.7 | 2020 |
| SBIN | 971.5 | 975 |
| SHREECEM | 26075 | 26500 |
| SHRIRAMFIN | 854.9 | 840 |
| SIEMENS | 3325.9 | 3300 |
| SOLARINDS | 12819 | 13250 |
| SONACOMS | 492.85 | 500 |
| SRF | 2885.4 | 2900 |
| SUNPHARMA | 1805.3 | 1800 |
| SUPREMEIND | 3371.1 | 3450 |
| SUZLON | 51.74 | 55 |
| SYNGENE | 639.8 | 640 |
| TATACONSUM | 1162.9 | 1170 |
| TATAELXSI | 5217.5 | 5300 |
| TATAMOTORS | 0 | 320 |
| TATAPOWER | 384.5 | 390 |
| TATASTEEL | 167.11 | 170 |
| TATATECH | 666.45 | 680 |
| TCS | 3238.2 | 3200 |
| TECHM | 1570.8 | 1520 |
| TIINDIA | 2666.7 | 2850 |
| TITAGARH | 789.05 | 820 |
| TITAN | 3813.3 | 3860 |
| TMPV | 353.6 | 360 |
| TORNTPHARM | 3785.9 | 3750 |
| TORNTPOWER | 1289.9 | 1300 |
| TRENT | 4183.1 | 4300 |
| TVSMOTOR | 3665.4 | 3600 |
| ULTRACEMCO | 11597 | 11700 |
| UNIONBANK | 153.3 | 155 |
| UNITDSPR | 1455.6 | 1450 |
| UNOMINDA | 1272.4 | 1300 |
| UPL | 759.1 | 760 |
| VBL | 479.95 | 470 |
| VEDL | 524.5 | 520 |
| VOLTAS | 1327 | 1360 |
| WIPRO | 259.91 | 255 |
| YESBANK | 22.6 | 23 |
| ZYDUSLIFE | 931.45 | 940 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
Frequently Asked Questions
Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.
The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.
Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:
- For each strike price: Calculate the difference between the current stock price and the strike price.
- Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
- Sum the values: Add together the dollar value for put options and call options at each strike price.
- Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
- Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.
This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.
Traders can incorporate Max Pain analysis into their trading strategy in several ways:
- Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
- Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
- Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
- Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
- Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.
Max Pain provides insights into potential stock price behavior, especially near option expiration:
- Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
- Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
- Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
- Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.
Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.
Max Pain is a dynamic value that changes continuously based on several factors:
- Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
- Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
- Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
- New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.
For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.
Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:
- Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
- Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.
The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.
No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:
- Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
- Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
- Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
- Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
- Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.
Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.
Max Pain becomes increasingly relevant as option expiration approaches:
- Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
- Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
- High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
- Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
- Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.
While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.































































































































































































































