NIFTYNXT50
Nifty Next 50
Max pain for NIFTYNXT50
29 Oct 2024 04:10 PM IST
Max Pain for NIFTYNXT50 is 69700
Strike 68000 has a total call value of 0 versus a total put value of 69,700,000 Combined total value = 69,700,000
Strike 68100 has a total call value of 0 versus a total put value of 65,300,000 Combined total value = 65,300,000
Strike 68200 has a total call value of 0 versus a total put value of 60,900,000 Combined total value = 60,900,000
Strike 68300 has a total call value of 0 versus a total put value of 56,500,000 Combined total value = 56,500,000
Strike 68400 has a total call value of 0 versus a total put value of 52,100,000 Combined total value = 52,100,000
Strike 68500 has a total call value of 0 versus a total put value of 47,700,000 Combined total value = 47,700,000
Strike 68600 has a total call value of 0 versus a total put value of 43,300,000 Combined total value = 43,300,000
Strike 68700 has a total call value of 0 versus a total put value of 38,900,000 Combined total value = 38,900,000
Strike 68800 has a total call value of 0 versus a total put value of 34,500,000 Combined total value = 34,500,000
Strike 68900 has a total call value of 0 versus a total put value of 30,100,000 Combined total value = 30,100,000
Strike 69000 has a total call value of 0 versus a total put value of 26,000,000 Combined total value = 26,000,000
Strike 69100 has a total call value of 0 versus a total put value of 22,300,000 Combined total value = 22,300,000
Strike 69200 has a total call value of 0 versus a total put value of 18,600,000 Combined total value = 18,600,000
Strike 69300 has a total call value of 100,000 versus a total put value of 15,000,000 Combined total value = 15,100,000
Strike 69400 has a total call value of 200,000 versus a total put value of 12,400,000 Combined total value = 12,600,000
Strike 69500 has a total call value of 300,000 versus a total put value of 9,800,000 Combined total value = 10,100,000
Strike 69600 has a total call value of 500,000 versus a total put value of 8,500,000 Combined total value = 9,000,000
Strike 69700 has a total call value of 1,300,000 versus a total put value of 7,400,000 Combined total value = 8,700,000
Strike 69800 has a total call value of 2,600,000 versus a total put value of 6,400,000 Combined total value = 9,000,000
Strike 69900 has a total call value of 3,900,000 versus a total put value of 5,400,000 Combined total value = 9,300,000
Strike 70000 has a total call value of 5,200,000 versus a total put value of 4,400,000 Combined total value = 9,600,000
Strike 70100 has a total call value of 9,600,000 versus a total put value of 3,800,000 Combined total value = 13,400,000
Strike 70200 has a total call value of 14,200,000 versus a total put value of 3,300,000 Combined total value = 17,500,000
Strike 70300 has a total call value of 18,900,000 versus a total put value of 2,800,000 Combined total value = 21,700,000
Strike 70400 has a total call value of 23,700,000 versus a total put value of 2,400,000 Combined total value = 26,100,000
Strike 70500 has a total call value of 28,500,000 versus a total put value of 2,000,000 Combined total value = 30,500,000
Strike 70600 has a total call value of 35,200,000 versus a total put value of 1,600,000 Combined total value = 36,800,000
Strike 70700 has a total call value of 41,900,000 versus a total put value of 1,200,000 Combined total value = 43,100,000
Strike 70800 has a total call value of 48,600,000 versus a total put value of 800,000 Combined total value = 49,400,000
Strike 70900 has a total call value of 55,300,000 versus a total put value of 400,000 Combined total value = 55,700,000
Strike 71000 has a total call value of 62,000,000 versus a total put value of 0 Combined total value = 62,000,000
Strike 71100 has a total call value of 69,200,000 versus a total put value of 0 Combined total value = 69,200,000
Strike 71200 has a total call value of 76,400,000 versus a total put value of 0 Combined total value = 76,400,000
Strike 71300 has a total call value of 85,600,000 versus a total put value of 0 Combined total value = 85,600,000
Strike 71400 has a total call value of 94,800,000 versus a total put value of 0 Combined total value = 94,800,000
Strike 71500 has a total call value of 104,000,000 versus a total put value of 0 Combined total value = 104,000,000
Strike 71600 has a total call value of 113,200,000 versus a total put value of 0 Combined total value = 113,200,000
Strike 71700 has a total call value of 122,400,000 versus a total put value of 0 Combined total value = 122,400,000
Strike 71800 has a total call value of 131,600,000 versus a total put value of 0 Combined total value = 131,600,000
Strike 71900 has a total call value of 140,800,000 versus a total put value of 0 Combined total value = 140,800,000
Strike 72000 has a total call value of 150,000,000 versus a total put value of 0 Combined total value = 150,000,000
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.