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NIFTYNXT50
Nifty Next 50

66765.45 -1010.05 (-1.49%)

Max pain for NIFTYNXT50

21 Nov 2024 04:10 PM IST

Max Pain for NIFTYNXT50 is 69500  



Strike  65000  has a total call value of 0  versus a total put value of  2,861,100,000 Combined total value = 2,861,100,000

Strike  65100  has a total call value of 0  versus a total put value of  2,785,200,000 Combined total value = 2,785,200,000

Strike  65200  has a total call value of 0  versus a total put value of  2,709,300,000 Combined total value = 2,709,300,000

Strike  65300  has a total call value of 0  versus a total put value of  2,633,400,000 Combined total value = 2,633,400,000

Strike  65400  has a total call value of 0  versus a total put value of  2,557,500,000 Combined total value = 2,557,500,000

Strike  65500  has a total call value of 0  versus a total put value of  2,481,600,000 Combined total value = 2,481,600,000

Strike  65600  has a total call value of 0  versus a total put value of  2,405,700,000 Combined total value = 2,405,700,000

Strike  65700  has a total call value of 0  versus a total put value of  2,329,800,000 Combined total value = 2,329,800,000

Strike  65800  has a total call value of 0  versus a total put value of  2,253,900,000 Combined total value = 2,253,900,000

Strike  65900  has a total call value of 0  versus a total put value of  2,178,000,000 Combined total value = 2,178,000,000

Strike  66000  has a total call value of 0  versus a total put value of  2,102,100,000 Combined total value = 2,102,100,000

Strike  66100  has a total call value of 0  versus a total put value of  2,034,500,000 Combined total value = 2,034,500,000

Strike  66200  has a total call value of 0  versus a total put value of  1,966,900,000 Combined total value = 1,966,900,000

Strike  66300  has a total call value of 0  versus a total put value of  1,899,300,000 Combined total value = 1,899,300,000

Strike  66400  has a total call value of 2,200,000  versus a total put value of  1,831,700,000 Combined total value = 1,833,900,000

Strike  66500  has a total call value of 4,400,000  versus a total put value of  1,764,100,000 Combined total value = 1,768,500,000

Strike  66600  has a total call value of 6,600,000  versus a total put value of  1,696,500,000 Combined total value = 1,703,100,000

Strike  66700  has a total call value of 8,800,000  versus a total put value of  1,629,200,000 Combined total value = 1,638,000,000

Strike  66800  has a total call value of 11,000,000  versus a total put value of  1,561,900,000 Combined total value = 1,572,900,000

Strike  66900  has a total call value of 13,200,000  versus a total put value of  1,494,600,000 Combined total value = 1,507,800,000

Strike  67000  has a total call value of 15,400,000  versus a total put value of  1,427,400,000 Combined total value = 1,442,800,000

Strike  67100  has a total call value of 17,800,000  versus a total put value of  1,362,300,000 Combined total value = 1,380,100,000

Strike  67200  has a total call value of 20,200,000  versus a total put value of  1,297,400,000 Combined total value = 1,317,600,000

Strike  67300  has a total call value of 22,600,000  versus a total put value of  1,232,500,000 Combined total value = 1,255,100,000

Strike  67400  has a total call value of 25,000,000  versus a total put value of  1,167,600,000 Combined total value = 1,192,600,000

Strike  67500  has a total call value of 27,800,000  versus a total put value of  1,103,000,000 Combined total value = 1,130,800,000

Strike  67600  has a total call value of 32,800,000  versus a total put value of  1,039,100,000 Combined total value = 1,071,900,000

Strike  67700  has a total call value of 37,800,000  versus a total put value of  975,600,000 Combined total value = 1,013,400,000

Strike  67800  has a total call value of 42,800,000  versus a total put value of  912,100,000 Combined total value = 954,900,000

Strike  67900  has a total call value of 47,800,000  versus a total put value of  849,200,000 Combined total value = 897,000,000

Strike  68000  has a total call value of 53,000,000  versus a total put value of  786,600,000 Combined total value = 839,600,000

Strike  68100  has a total call value of 70,600,000  versus a total put value of  737,900,000 Combined total value = 808,500,000

Strike  68200  has a total call value of 88,200,000  versus a total put value of  689,500,000 Combined total value = 777,700,000

Strike  68300  has a total call value of 105,800,000  versus a total put value of  647,300,000 Combined total value = 753,100,000

Strike  68400  has a total call value of 123,400,000  versus a total put value of  605,100,000 Combined total value = 728,500,000

Strike  68500  has a total call value of 141,000,000  versus a total put value of  562,900,000 Combined total value = 703,900,000

Strike  68600  has a total call value of 164,900,000  versus a total put value of  521,900,000 Combined total value = 686,800,000

Strike  68700  has a total call value of 188,800,000  versus a total put value of  480,900,000 Combined total value = 669,700,000

Strike  68800  has a total call value of 212,700,000  versus a total put value of  439,900,000 Combined total value = 652,600,000

Strike  68900  has a total call value of 236,600,000  versus a total put value of  398,900,000 Combined total value = 635,500,000

Strike  69000  has a total call value of 260,500,000  versus a total put value of  357,900,000 Combined total value = 618,400,000

Strike  69100  has a total call value of 290,800,000  versus a total put value of  324,500,000 Combined total value = 615,300,000

Strike  69200  has a total call value of 321,100,000  versus a total put value of  291,100,000 Combined total value = 612,200,000

Strike  69300  has a total call value of 351,400,000  versus a total put value of  257,700,000 Combined total value = 609,100,000

Strike  69400  has a total call value of 381,700,000  versus a total put value of  224,300,000 Combined total value = 606,000,000

Strike  69500  has a total call value of 412,000,000  versus a total put value of  190,900,000 Combined total value = 602,900,000

Strike  69600  has a total call value of 445,800,000  versus a total put value of  159,100,000 Combined total value = 604,900,000

Strike  69700  has a total call value of 479,600,000  versus a total put value of  127,700,000 Combined total value = 607,300,000

Strike  69800  has a total call value of 513,400,000  versus a total put value of  96,600,000 Combined total value = 610,000,000

Strike  69900  has a total call value of 547,200,000  versus a total put value of  65,500,000 Combined total value = 612,700,000

Strike  70000  has a total call value of 581,000,000  versus a total put value of  34,800,000 Combined total value = 615,800,000

Strike  70100  has a total call value of 625,500,000  versus a total put value of  29,200,000 Combined total value = 654,700,000

Strike  70200  has a total call value of 670,000,000  versus a total put value of  23,600,000 Combined total value = 693,600,000

Strike  70300  has a total call value of 714,500,000  versus a total put value of  18,000,000 Combined total value = 732,500,000

Strike  70400  has a total call value of 759,000,000  versus a total put value of  12,400,000 Combined total value = 771,400,000

Strike  70500  has a total call value of 803,500,000  versus a total put value of  10,600,000 Combined total value = 814,100,000

Strike  70600  has a total call value of 851,300,000  versus a total put value of  8,800,000 Combined total value = 860,100,000

Strike  70700  has a total call value of 899,100,000  versus a total put value of  7,000,000 Combined total value = 906,100,000

Strike  70800  has a total call value of 946,900,000  versus a total put value of  5,200,000 Combined total value = 952,100,000

Strike  70900  has a total call value of 994,700,000  versus a total put value of  3,700,000 Combined total value = 998,400,000

Strike  71000  has a total call value of 1,042,500,000  versus a total put value of  3,300,000 Combined total value = 1,045,800,000

Strike  71100  has a total call value of 1,106,200,000  versus a total put value of  2,900,000 Combined total value = 1,109,100,000

Strike  71200  has a total call value of 1,169,900,000  versus a total put value of  2,500,000 Combined total value = 1,172,400,000

Strike  71300  has a total call value of 1,233,600,000  versus a total put value of  2,100,000 Combined total value = 1,235,700,000

Strike  71400  has a total call value of 1,297,500,000  versus a total put value of  1,800,000 Combined total value = 1,299,300,000

Strike  71500  has a total call value of 1,361,600,000  versus a total put value of  1,600,000 Combined total value = 1,363,200,000

Strike  71600  has a total call value of 1,426,900,000  versus a total put value of  1,400,000 Combined total value = 1,428,300,000

Strike  71700  has a total call value of 1,492,300,000  versus a total put value of  1,300,000 Combined total value = 1,493,600,000

Strike  71800  has a total call value of 1,557,800,000  versus a total put value of  1,200,000 Combined total value = 1,559,000,000

Strike  71900  has a total call value of 1,623,400,000  versus a total put value of  1,100,000 Combined total value = 1,624,500,000

Strike  72000  has a total call value of 1,689,200,000  versus a total put value of  1,000,000 Combined total value = 1,690,200,000

Strike  72100  has a total call value of 1,755,800,000  versus a total put value of  900,000 Combined total value = 1,756,700,000

Strike  72200  has a total call value of 1,822,400,000  versus a total put value of  800,000 Combined total value = 1,823,200,000

Strike  72300  has a total call value of 1,889,000,000  versus a total put value of  700,000 Combined total value = 1,889,700,000

Strike  72400  has a total call value of 1,955,600,000  versus a total put value of  600,000 Combined total value = 1,956,200,000

Strike  72500  has a total call value of 2,022,200,000  versus a total put value of  500,000 Combined total value = 2,022,700,000

Strike  72600  has a total call value of 2,088,900,000  versus a total put value of  400,000 Combined total value = 2,089,300,000

Strike  72700  has a total call value of 2,155,600,000  versus a total put value of  300,000 Combined total value = 2,155,900,000

Strike  72800  has a total call value of 2,222,300,000  versus a total put value of  200,000 Combined total value = 2,222,500,000

Strike  72900  has a total call value of 2,289,000,000  versus a total put value of  100,000 Combined total value = 2,289,100,000

Strike  73000  has a total call value of 2,355,700,000  versus a total put value of  0 Combined total value = 2,355,700,000

Strike  73100  has a total call value of 2,427,500,000  versus a total put value of  0 Combined total value = 2,427,500,000

Strike  73200  has a total call value of 2,499,300,000  versus a total put value of  0 Combined total value = 2,499,300,000

Strike  73300  has a total call value of 2,571,100,000  versus a total put value of  0 Combined total value = 2,571,100,000

Strike  73400  has a total call value of 2,642,900,000  versus a total put value of  0 Combined total value = 2,642,900,000

Strike  73500  has a total call value of 2,714,700,000  versus a total put value of  0 Combined total value = 2,714,700,000

Strike  73600  has a total call value of 2,786,500,000  versus a total put value of  0 Combined total value = 2,786,500,000

Strike  73700  has a total call value of 2,858,300,000  versus a total put value of  0 Combined total value = 2,858,300,000

Strike  73800  has a total call value of 2,930,100,000  versus a total put value of  0 Combined total value = 2,930,100,000

Strike  73900  has a total call value of 3,001,900,000  versus a total put value of  0 Combined total value = 3,001,900,000

Strike  74000  has a total call value of 3,073,700,000  versus a total put value of  0 Combined total value = 3,073,700,000

Strike  74100  has a total call value of 3,145,500,000  versus a total put value of  0 Combined total value = 3,145,500,000

Strike  74200  has a total call value of 3,217,300,000  versus a total put value of  0 Combined total value = 3,217,300,000

Strike  74300  has a total call value of 3,289,100,000  versus a total put value of  0 Combined total value = 3,289,100,000

Strike  74400  has a total call value of 3,360,900,000  versus a total put value of  0 Combined total value = 3,360,900,000

Strike  74500  has a total call value of 3,432,700,000  versus a total put value of  0 Combined total value = 3,432,700,000

Strike  74600  has a total call value of 3,504,500,000  versus a total put value of  0 Combined total value = 3,504,500,000

Strike  74700  has a total call value of 3,576,300,000  versus a total put value of  0 Combined total value = 3,576,300,000

Strike  74800  has a total call value of 3,648,100,000  versus a total put value of  0 Combined total value = 3,648,100,000

Strike  74900  has a total call value of 3,719,900,000  versus a total put value of  0 Combined total value = 3,719,900,000

Strike  75000  has a total call value of 3,791,700,000  versus a total put value of  0 Combined total value = 3,791,700,000

Strike  75100  has a total call value of 3,863,600,000  versus a total put value of  0 Combined total value = 3,863,600,000

Strike  75200  has a total call value of 3,935,500,000  versus a total put value of  0 Combined total value = 3,935,500,000

Strike  75300  has a total call value of 4,007,400,000  versus a total put value of  0 Combined total value = 4,007,400,000

Strike  75400  has a total call value of 4,079,300,000  versus a total put value of  0 Combined total value = 4,079,300,000

Strike  75500  has a total call value of 4,151,300,000  versus a total put value of  0 Combined total value = 4,151,300,000

Strike  75600  has a total call value of 4,223,400,000  versus a total put value of  0 Combined total value = 4,223,400,000

Strike  75700  has a total call value of 4,295,500,000  versus a total put value of  0 Combined total value = 4,295,500,000

Strike  75800  has a total call value of 4,367,600,000  versus a total put value of  0 Combined total value = 4,367,600,000

Strike  75900  has a total call value of 4,439,800,000  versus a total put value of  0 Combined total value = 4,439,800,000

Strike  76000  has a total call value of 4,512,000,000  versus a total put value of  0 Combined total value = 4,512,000,000

Strike  76100  has a total call value of 4,584,300,000  versus a total put value of  0 Combined total value = 4,584,300,000

Strike  76200  has a total call value of 4,656,600,000  versus a total put value of  0 Combined total value = 4,656,600,000

Strike  76300  has a total call value of 4,728,900,000  versus a total put value of  0 Combined total value = 4,728,900,000

Strike  76400  has a total call value of 4,801,200,000  versus a total put value of  0 Combined total value = 4,801,200,000

Strike  76500  has a total call value of 4,873,500,000  versus a total put value of  0 Combined total value = 4,873,500,000

Strike  76600  has a total call value of 4,945,800,000  versus a total put value of  0 Combined total value = 4,945,800,000

Strike  76700  has a total call value of 5,018,100,000  versus a total put value of  0 Combined total value = 5,018,100,000

Strike  76800  has a total call value of 5,090,400,000  versus a total put value of  0 Combined total value = 5,090,400,000

Strike  76900  has a total call value of 5,162,700,000  versus a total put value of  0 Combined total value = 5,162,700,000

Strike  77000  has a total call value of 5,235,000,000  versus a total put value of  0 Combined total value = 5,235,000,000

Strike  77100  has a total call value of 5,307,300,000  versus a total put value of  0 Combined total value = 5,307,300,000

Strike  77200  has a total call value of 5,379,600,000  versus a total put value of  0 Combined total value = 5,379,600,000

Strike  77300  has a total call value of 5,451,900,000  versus a total put value of  0 Combined total value = 5,451,900,000

Strike  77400  has a total call value of 5,524,200,000  versus a total put value of  0 Combined total value = 5,524,200,000

Strike  77500  has a total call value of 5,596,500,000  versus a total put value of  0 Combined total value = 5,596,500,000

Strike  77600  has a total call value of 5,668,800,000  versus a total put value of  0 Combined total value = 5,668,800,000

Strike  77700  has a total call value of 5,741,100,000  versus a total put value of  0 Combined total value = 5,741,100,000

Strike  77800  has a total call value of 5,813,400,000  versus a total put value of  0 Combined total value = 5,813,400,000

Strike  77900  has a total call value of 5,885,700,000  versus a total put value of  0 Combined total value = 5,885,700,000

Strike  78000  has a total call value of 5,958,000,000  versus a total put value of  0 Combined total value = 5,958,000,000

Strike  78100  has a total call value of 6,030,300,000  versus a total put value of  0 Combined total value = 6,030,300,000

Strike  78200  has a total call value of 6,102,600,000  versus a total put value of  0 Combined total value = 6,102,600,000

Strike  78300  has a total call value of 6,174,900,000  versus a total put value of  0 Combined total value = 6,174,900,000

Strike  78400  has a total call value of 6,247,200,000  versus a total put value of  0 Combined total value = 6,247,200,000

Strike  78500  has a total call value of 6,319,500,000  versus a total put value of  0 Combined total value = 6,319,500,000

Strike  78600  has a total call value of 6,391,800,000  versus a total put value of  0 Combined total value = 6,391,800,000

Strike  78700  has a total call value of 6,464,100,000  versus a total put value of  0 Combined total value = 6,464,100,000

Strike  78800  has a total call value of 6,536,400,000  versus a total put value of  0 Combined total value = 6,536,400,000

Strike  78900  has a total call value of 6,608,700,000  versus a total put value of  0 Combined total value = 6,608,700,000

Strike  79000  has a total call value of 6,681,000,000  versus a total put value of  0 Combined total value = 6,681,000,000

Strike  79100  has a total call value of 6,754,000,000  versus a total put value of  0 Combined total value = 6,754,000,000

Strike  79200  has a total call value of 6,827,000,000  versus a total put value of  0 Combined total value = 6,827,000,000

Strike  79300  has a total call value of 6,900,000,000  versus a total put value of  0 Combined total value = 6,900,000,000

Strike  79400  has a total call value of 6,973,000,000  versus a total put value of  0 Combined total value = 6,973,000,000

Strike  79500  has a total call value of 7,046,000,000  versus a total put value of  0 Combined total value = 7,046,000,000

Strike  79600  has a total call value of 7,120,100,000  versus a total put value of  0 Combined total value = 7,120,100,000

Strike  79700  has a total call value of 7,195,200,000  versus a total put value of  0 Combined total value = 7,195,200,000

Strike  79800  has a total call value of 7,320,600,000  versus a total put value of  0 Combined total value = 7,320,600,000

Strike  79900  has a total call value of 7,451,500,000  versus a total put value of  0 Combined total value = 7,451,500,000

Strike  80000  has a total call value of 7,582,400,000  versus a total put value of  0 Combined total value = 7,582,400,000


  Note:- click on symbol to see more detailed view
Max Pain
Symbol Symbol Ltp Max Pain
AARTIIND 425.6 470
ABB 6760.8 7000
ABBOTINDIA 27114.7 28000
ABCAPITAL 183.01 200
ABFRL 284.4 305
ACC 2027.2 2220
ADANIENT 2183.65 2500
ADANIPORTS 1114.65 1200
ALKEM 5604.75 5600
AMBUJACEM 484.15 530
APOLLOHOSP 6742.5 6900
APOLLOTYRE 481.3 480
ASHOKLEY 218.9 220
ASIANPAINT 2428.15 2540
ASTRAL 1713.9 1780
ATUL 7241.95 7500
AUBANK 593.9 590
AUROPHARMA 1220 1300
AXISBANK 1139.15 1150
BAJAJ-AUTO 9505 9700
BAJAJFINSV 1569.25 1620
BAJFINANCE 6465.65 6700
BALKRISIND 2721.95 2800
BANDHANBNK 165.86 180
BANKBARODA 228.5 240
BATAINDIA 1281.55 1310
BEL 275.45 285
BERGEPAINT 465.5 495
BHARATFORG 1296.2 1340
BHARTIARTL 1525.15 1560
BHEL 227.94 235
BIOCON 323.1 330
BOSCHLTD 34108.7 34000
BPCL 282.4 295
BRITANNIA 4803.35 5000
BSOFT 545.4 560
CANBK 94.46 100
CANFINHOME 822.65 830
CHAMBLFERT 455.4 480
CHOLAFIN 1204.9 1260
CIPLA 1465.5 1520
COALINDIA 406 425
COFORGE 8210.1 8000
COLPAL 2690.3 2850
CONCOR 769.95 810
COROMANDEL 1768 1720
CROMPTON 381.95 390
CUB 170.09 175
CUMMINSIND 3282.25 3400
DABUR 505.75 525
DALBHARAT 1771.6 1760
DEEPAKNTR 2619.2 2650
DIVISLAB 5977.1 5900
DIXON 14995.45 14750
DLF 773.95 780
DRREDDY 1195.35 1220
EICHERMOT 4882.1 4900
ESCORTS 3454.4 3600
EXIDEIND 415.35 440
FEDERALBNK 210.88 205
GAIL 188.3 195
GLENMARK 1466.4 1540
GMRINFRA 76.85 82
GNFC 555.55 570
GODREJCP 1178.7 1200
GODREJPROP 2704.8 2750
GRANULES 544.85 570
GRASIM 2534.85 2540
GUJGASLTD 453.6 480
HAL 3983.45 4200
HAVELLS 1636.1 1640
HCLTECH 1836.35 1820
HDFCAMC 4214.1 4300
HDFCBANK 1741.2 1740
HDFCLIFE 674.4 680
HEROMOTOCO 4767.85 4800
HINDALCO 648.05 650
HINDCOPPER 261.5 290
HINDPETRO 360.1 375
HINDUNILVR 2382.8 2480
ICICIBANK 1250.55 1260
ICICIGI 1804.7 1880
ICICIPRULI 678.55 700
IDEA 6.91 8
IDFCFIRSTB 62.94 66
IEX 161.33 170
IGL 311.4 330
INDHOTEL 786.8 760
INDIAMART 2253.95 2350
INDIGO 4069.8 4050
INDUSINDBK 981.45 1040
INDUSTOWER 329.1 340
INFY 1834.05 1800
IOC 130.71 140
IPCALAB 1573.55 1560
IRCTC 793.85 830
ITC 457.15 475
JINDALSTEL 871.2 900
JKCEMENT 4003 4000
JSWSTEEL 944.15 960
JUBLFOOD 610.2 620
KOTAKBANK 1737.1 1760
LALPATHLAB 3026.1 3100
LAURUSLABS 489.15 490
LICHSGFIN 611.25 630
LT 3483.5 3600
LTF 137.74 140
LTIM 5931.05 5900
LTTS 5165.7 5150
LUPIN 2043 2100
M&M 2936.25 2900
M&MFIN 256.25 265
MANAPPURAM 150.29 155
MARICO 591.05 600
MARUTI 10861.45 11000
MCX 6166.5 6200
METROPOLIS 2015.75 2060
MFSL 1173.5 1200
MGL 1125.35 1160
MOTHERSON 161.84 175
MPHASIS 2786.2 2850
MRF 123509.9 122500
MUTHOOTFIN 1899.55 1880
NATIONALUM 248.21 240
NAUKRI 7515.35 7700
NAVINFLUOR 3262.45 3400
NESTLEIND 2211.2 2280
NMDC 217.63 225
NTPC 356.15 370
OBEROIRLTY 1917.35 1960
OFSS 11141.9 11500
ONGC 242.15 250
PAGEIND 44447.7 45500
PEL 1054.95 1060
PERSISTENT 5725.5 5600
PETRONET 321.85 328
PFC 453.35 460
PIDILITIND 2938.05 3060
PIIND 4138.7 4200
PNB 96.37 102
POLYCAB 6408.35 6500
POWERGRID 325.9 320
PVRINOX 1445.2 1480
RAMCOCEM 914.95 900
RBLBANK 156.23 160
RECLTD 490.95 510
RELIANCE 1223 1290
SAIL 110.59 117.5
SBICARD 675.05 690
SBILIFE 1477.95 1520
SBIN 780.75 800
SHREECEM 24052.85 24500
SHRIRAMFIN 2802.2 2900
SIEMENS 6641.65 6800
SRF 2143.65 2260
SUNPHARMA 1780 1800
SUNTV 728.05 730
SYNGENE 846.9 870
TATACHEM 1045.1 1100
TATACOMM 1711.55 1780
TATACONSUM 911.7 950
TATAMOTORS 773.85 800
TATAPOWER 408.05 420
TATASTEEL 140.22 145
TCS 4072.85 4100
TECHM 1702.25 1680
TITAN 3178.45 3200
TORNTPHARM 3101.95 3150
TRENT 6460.45 6600
TVSMOTOR 2388.45 2450
UBL 1827.95 1880
ULTRACEMCO 10954.85 11000
UNITDSPR 1493.05 1480
UPL 555.75 540
VEDL 442.8 460
VOLTAS 1675.5 1700
WIPRO 557.15 560
ZYDUSLIFE 944.05 980

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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. Find the highest value strike price. This price is equivalent to max pain price.

How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.