NIFTYNXT50
Nifty Next 50
Max pain for NIFTYNXT50
12 May 2025 04:10 PM IST
Max Pain for NIFTYNXT50 is 64000
Strike 61700 has a total call value of 0 versus a total put value of 456,000,000 Combined total value = 456,000,000
Strike 61800 has a total call value of 0 versus a total put value of 431,500,000 Combined total value = 431,500,000
Strike 61900 has a total call value of 0 versus a total put value of 407,000,000 Combined total value = 407,000,000
Strike 62000 has a total call value of 0 versus a total put value of 382,500,000 Combined total value = 382,500,000
Strike 62100 has a total call value of 0 versus a total put value of 358,000,000 Combined total value = 358,000,000
Strike 62200 has a total call value of 0 versus a total put value of 333,500,000 Combined total value = 333,500,000
Strike 62300 has a total call value of 0 versus a total put value of 309,500,000 Combined total value = 309,500,000
Strike 62400 has a total call value of 0 versus a total put value of 285,500,000 Combined total value = 285,500,000
Strike 62500 has a total call value of 0 versus a total put value of 261,500,000 Combined total value = 261,500,000
Strike 62600 has a total call value of 0 versus a total put value of 237,500,000 Combined total value = 237,500,000
Strike 62700 has a total call value of 0 versus a total put value of 213,500,000 Combined total value = 213,500,000
Strike 62800 has a total call value of 0 versus a total put value of 189,500,000 Combined total value = 189,500,000
Strike 62900 has a total call value of 0 versus a total put value of 165,500,000 Combined total value = 165,500,000
Strike 63000 has a total call value of 0 versus a total put value of 141,500,000 Combined total value = 141,500,000
Strike 63100 has a total call value of 1,500,000 versus a total put value of 132,500,000 Combined total value = 134,000,000
Strike 63200 has a total call value of 3,000,000 versus a total put value of 123,500,000 Combined total value = 126,500,000
Strike 63300 has a total call value of 4,500,000 versus a total put value of 114,500,000 Combined total value = 119,000,000
Strike 63400 has a total call value of 6,000,000 versus a total put value of 105,500,000 Combined total value = 111,500,000
Strike 63500 has a total call value of 7,500,000 versus a total put value of 96,500,000 Combined total value = 104,000,000
Strike 63600 has a total call value of 9,000,000 versus a total put value of 87,500,000 Combined total value = 96,500,000
Strike 63700 has a total call value of 10,500,000 versus a total put value of 78,750,000 Combined total value = 89,250,000
Strike 63800 has a total call value of 12,000,000 versus a total put value of 70,250,000 Combined total value = 82,250,000
Strike 63900 has a total call value of 13,500,000 versus a total put value of 61,750,000 Combined total value = 75,250,000
Strike 64000 has a total call value of 15,000,000 versus a total put value of 53,250,000 Combined total value = 68,250,000
Strike 64100 has a total call value of 20,750,000 versus a total put value of 48,000,000 Combined total value = 68,750,000
Strike 64200 has a total call value of 27,000,000 versus a total put value of 42,750,000 Combined total value = 69,750,000
Strike 64300 has a total call value of 33,250,000 versus a total put value of 37,500,000 Combined total value = 70,750,000
Strike 64400 has a total call value of 39,500,000 versus a total put value of 32,250,000 Combined total value = 71,750,000
Strike 64500 has a total call value of 45,750,000 versus a total put value of 27,000,000 Combined total value = 72,750,000
Strike 64600 has a total call value of 52,000,000 versus a total put value of 21,750,000 Combined total value = 73,750,000
Strike 64700 has a total call value of 58,250,000 versus a total put value of 16,750,000 Combined total value = 75,000,000
Strike 64800 has a total call value of 64,500,000 versus a total put value of 12,000,000 Combined total value = 76,500,000
Strike 64900 has a total call value of 70,750,000 versus a total put value of 7,250,000 Combined total value = 78,000,000
Strike 65000 has a total call value of 77,250,000 versus a total put value of 2,500,000 Combined total value = 79,750,000
Strike 65100 has a total call value of 94,500,000 versus a total put value of 2,000,000 Combined total value = 96,500,000
Strike 65200 has a total call value of 111,750,000 versus a total put value of 1,500,000 Combined total value = 113,250,000
Strike 65300 has a total call value of 129,000,000 versus a total put value of 1,000,000 Combined total value = 130,000,000
Strike 65400 has a total call value of 146,250,000 versus a total put value of 500,000 Combined total value = 146,750,000
Strike 65500 has a total call value of 163,500,000 versus a total put value of 0 Combined total value = 163,500,000
Strike 65600 has a total call value of 183,250,000 versus a total put value of 0 Combined total value = 183,250,000
Strike 65700 has a total call value of 203,000,000 versus a total put value of 0 Combined total value = 203,000,000
Strike 65800 has a total call value of 222,750,000 versus a total put value of 0 Combined total value = 222,750,000
Strike 65900 has a total call value of 242,500,000 versus a total put value of 0 Combined total value = 242,500,000
Strike 66000 has a total call value of 262,250,000 versus a total put value of 0 Combined total value = 262,250,000
Strike 66100 has a total call value of 295,750,000 versus a total put value of 0 Combined total value = 295,750,000
Strike 66200 has a total call value of 329,250,000 versus a total put value of 0 Combined total value = 329,250,000
Strike 66300 has a total call value of 362,750,000 versus a total put value of 0 Combined total value = 362,750,000
Strike 66400 has a total call value of 396,250,000 versus a total put value of 0 Combined total value = 396,250,000
Strike 66500 has a total call value of 429,750,000 versus a total put value of 0 Combined total value = 429,750,000
Strike 66600 has a total call value of 464,250,000 versus a total put value of 0 Combined total value = 464,250,000
Strike 66700 has a total call value of 498,750,000 versus a total put value of 0 Combined total value = 498,750,000
Strike 66800 has a total call value of 533,250,000 versus a total put value of 0 Combined total value = 533,250,000
Strike 66900 has a total call value of 567,750,000 versus a total put value of 0 Combined total value = 567,750,000
Strike 67000 has a total call value of 602,250,000 versus a total put value of 0 Combined total value = 602,250,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 468.6 | 450 |
| ABB | 5587 | 5600 |
| ABCAPITAL | 205.54 | 200 |
| ABFRL | 268.85 | 270 |
| ACC | 1858.8 | 1900 |
| ADANIENSOL | 894.3 | 900 |
| ADANIENT | 2425.3 | 2460 |
| ADANIGREEN | 940.55 | 940 |
| ADANIPORTS | 1362.1 | 1300 |
| ALKEM | 5020.5 | 5000 |
| AMBUJACEM | 541.65 | 550 |
| ANGELONE | 2487 | 2400 |
| APLAPOLLO | 1712.8 | 1660 |
| APOLLOHOSP | 6926 | 6950 |
| APOLLOTYRE | 481 | 475 |
| ASHOKLEY | 231.28 | 225 |
| ASIANPAINT | 2356.4 | 2380 |
| ASTRAL | 1330.3 | 1340 |
| ATGL | 631.1 | 630 |
| AUBANK | 703.4 | 670 |
| AUROPHARMA | 1205.9 | 1200 |
| AXISBANK | 1203 | 1180 |
| BAJAJ-AUTO | 8039.5 | 8000 |
| BAJAJFINSV | 2050.4 | 2020 |
| BAJFINANCE | 9018.5 | 9000 |
| BALKRISIND | 2751.3 | 2720 |
| BANDHANBNK | 163.57 | 165 |
| BANKBARODA | 226.85 | 230 |
| BANKINDIA | 110.09 | 110 |
| BEL | 322.8 | 315 |
| BHARATFORG | 1199.2 | 1140 |
| BHARTIARTL | 1870.8 | 1860 |
| BHEL | 232.95 | 230 |
| BIOCON | 328.15 | 330 |
| BOSCHLTD | 31005 | 30000 |
| BPCL | 309.05 | 310 |
| BRITANNIA | 5608.5 | 5500 |
| BSE | 6955.5 | 6600 |
| BSOFT | 420.45 | 400 |
| CAMS | 3671.6 | 3750 |
| CANBK | 100.86 | 99 |
| CDSL | 1279 | 1300 |
| CESC | 166.76 | 160 |
| CGPOWER | 645.8 | 630 |
| CHAMBLFERT | 689.35 | 690 |
| CHOLAFIN | 1579.2 | 1540 |
| CIPLA | 1511.6 | 1500 |
| COALINDIA | 395.5 | 390 |
| COFORGE | 8311.5 | 7500 |
| COLPAL | 2611.6 | 2620 |
| CONCOR | 688.25 | 700 |
| CROMPTON | 335.5 | 335 |
| CUMMINSIND | 2862.9 | 2900 |
| CYIENT | 1258.4 | 1200 |
| DABUR | 475.05 | 480 |
| DALBHARAT | 1980.9 | 1940 |
| DEEPAKNTR | 1981.1 | 2000 |
| DELHIVERY | 311 | 305 |
| DIVISLAB | 5942 | 6000 |
| DIXON | 16073 | 16000 |
| DLF | 680.5 | 670 |
| DMART | 4023.5 | 4100 |
| DRREDDY | 1195.6 | 1170 |
| EICHERMOT | 5520 | 5550 |
| ESCORTS | 3413.1 | 3300 |
| ETERNAL | 239.5 | 230 |
| EXIDEIND | 378.05 | 380 |
| FEDERALBNK | 194.45 | 195 |
| GAIL | 187.8 | 192.5 |
| GLENMARK | 1381.7 | 1400 |
| GMRAIRPORT | 88.06 | 87 |
| GODREJCP | 1289.5 | 1260 |
| GODREJPROP | 2146.8 | 2150 |
| GRANULES | 460.15 | 460 |
| GRASIM | 2742.8 | 2700 |
| HAL | 4439.7 | 4500 |
| HAVELLS | 1583.1 | 1600 |
| HCLTECH | 1670.3 | 1600 |
| HDFCAMC | 4529.1 | 4450 |
| HDFCBANK | 1957.2 | 1940 |
| HDFCLIFE | 734.6 | 720 |
| HEROMOTOCO | 3984.9 | 3900 |
| HFCL | 81.9 | 80 |
| HINDALCO | 651.95 | 640 |
| HINDCOPPER | 225.06 | 220 |
| HINDPETRO | 388.8 | 395 |
| HINDUNILVR | 2382.5 | 2380 |
| HINDZINC | 434.95 | 430 |
| HUDCO | 224.47 | 220 |
| ICICIBANK | 1448.5 | 1430 |
| ICICIGI | 1836.7 | 1840 |
| ICICIPRULI | 604 | 600 |
| IDEA | 7.07 | 8 |
| IDFCFIRSTB | 69.08 | 66 |
| IEX | 194.95 | 192.5 |
| IGL | 205.28 | 195 |
| IIFL | 388.15 | 370 |
| INDHOTEL | 769.15 | 760 |
| INDIANB | 572.1 | 570 |
| INDIGO | 5476.5 | 5350 |
| INDUSINDBK | 788.5 | 820 |
| INDUSTOWER | 397.4 | 390 |
| INFY | 1626.9 | 1540 |
| INOXWIND | 170.05 | 170 |
| IOC | 142.35 | 143 |
| IRB | 47.81 | 46 |
| IRCTC | 763.45 | 770 |
| IREDA | 168 | 165 |
| IRFC | 125.53 | 125 |
| ITC | 435.5 | 430 |
| JINDALSTEL | 904.75 | 900 |
| JIOFIN | 262.9 | 260 |
| JSL | 610 | 600 |
| JSWENERGY | 481.1 | 480 |
| JSWSTEEL | 1005.2 | 1000 |
| JUBLFOOD | 696.1 | 700 |
| KALYANKJIL | 538.15 | 520 |
| KEI | 3386 | 3200 |
| KOTAKBANK | 2145 | 2140 |
| KPITTECH | 1325.1 | 1260 |
| LAURUSLABS | 593.45 | 610 |
| LICHSGFIN | 601.5 | 600 |
| LICI | 815.45 | 800 |
| LODHA | 1305.4 | 1300 |
| LT | 3587.2 | 3440 |
| LTF | 171.2 | 165 |
| LTIM | 4940.4 | 4650 |
| LUPIN | 2039.8 | 2040 |
| M&M | 3104.7 | 3000 |
| M&MFIN | 256.85 | 265 |
| MANAPPURAM | 230.73 | 230 |
| MARICO | 738.1 | 720 |
| MARUTI | 12616 | 12000 |
| MAXHEALTH | 1159.9 | 1140 |
| MCX | 6061.5 | 6000 |
| MFSL | 1293 | 1280 |
| MGL | 1409.2 | 1360 |
| MOTHERSON | 145.06 | 140 |
| MPHASIS | 2532.4 | 2500 |
| MRF | 139925 | 138000 |
| MUTHOOTFIN | 2256.4 | 2200 |
| NATIONALUM | 168.95 | 170 |
| NAUKRI | 1476 | 1440 |
| NBCC | 99.81 | 98 |
| NCC | 220.37 | 217.5 |
| NESTLEIND | 2383.8 | 2380 |
| NHPC | 83.3 | 84 |
| NMDC | 68.08 | 68 |
| NTPC | 348.55 | 345 |
| NYKAA | 198.97 | 195 |
| OBEROIRLTY | 1617.7 | 1620 |
| OFSS | 8714 | 8400 |
| OIL | 416.45 | 400 |
| ONGC | 244.02 | 240 |
| PAGEIND | 47050 | 46000 |
| PATANJALI | 1818.9 | 1860 |
| PAYTM | 866.05 | 860 |
| PEL | 1062.3 | 1020 |
| PERSISTENT | 5876.5 | 5400 |
| PETRONET | 314.3 | 310 |
| PFC | 413.95 | 420 |
| PHOENIXLTD | 1523.8 | 1550 |
| PIDILITIND | 3076.5 | 3020 |
| PIIND | 3708.4 | 3700 |
| PNB | 95.78 | 96 |
| PNBHOUSING | 1070.8 | 1060 |
| POLICYBZR | 1698 | 1640 |
| POLYCAB | 5992.5 | 5800 |
| POONAWALLA | 385.55 | 380 |
| POWERGRID | 309.05 | 310 |
| PRESTIGE | 1366.1 | 1360 |
| RAMCOCEM | 952.3 | 950 |
| RBLBANK | 205.82 | 200 |
| RECLTD | 412.65 | 420 |
| RELIANCE | 1436.5 | 1380 |
| SAIL | 118.24 | 117.5 |
| SBICARD | 898.15 | 890 |
| SBILIFE | 1751.5 | 1720 |
| SBIN | 801.65 | 800 |
| SHREECEM | 30135 | 30000 |
| SHRIRAMFIN | 645.95 | 620 |
| SIEMENS | 2895.9 | 2900 |
| SJVN | 96.48 | 95 |
| SOLARINDS | 13289 | 13000 |
| SONACOMS | 519.8 | 490 |
| SRF | 3014.5 | 3000 |
| SUNPHARMA | 1686.2 | 1700 |
| SUPREMEIND | 3580.1 | 3500 |
| SYNGENE | 625.6 | 630 |
| TATACHEM | 848.75 | 860 |
| TATACOMM | 1567.4 | 1600 |
| TATACONSUM | 1145.6 | 1130 |
| TATAELXSI | 6100 | 5750 |
| TATAMOTORS | 720.8 | 700 |
| TATAPOWER | 391.4 | 400 |
| TATASTEEL | 151.63 | 145 |
| TATATECH | 701.05 | 670 |
| TCS | 3620.4 | 3480 |
| TECHM | 1573.1 | 1500 |
| TIINDIA | 2961.9 | 2850 |
| TITAGARH | 744.25 | 740 |
| TITAN | 3562.9 | 3480 |
| TORNTPHARM | 3237.7 | 3250 |
| TORNTPOWER | 1465.2 | 1460 |
| TRENT | 5441 | 5300 |
| TVSMOTOR | 2760.7 | 2740 |
| ULTRACEMCO | 11736 | 11800 |
| UNIONBANK | 128.11 | 125 |
| UNITDSPR | 1564.2 | 1560 |
| UPL | 676.85 | 670 |
| VBL | 513.85 | 510 |
| VEDL | 436.05 | 430 |
| VOLTAS | 1265.7 | 1260 |
| WIPRO | 257.28 | 245 |
| YESBANK | 20.41 | 19 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 884.85 | 880 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
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.
