[--[65.84.65.76]--]

NYKAA

Fsn E Commerce Ventures
248.9 +1.85 (0.75%)
L: 244.25 H: 252.95
Max Pain - NYKAA
11 Dec 2025 02:07 PM IST
Live


Strike  210  has a total call value of 0  versus a total put value of  34,360,937,500 Combined total value = 34,360,937,500

Strike  212.5  has a total call value of 1,562,500  versus a total put value of  32,240,625,000 Combined total value = 32,242,187,500

Strike  215  has a total call value of 3,125,000  versus a total put value of  30,120,312,500 Combined total value = 30,123,437,500

Strike  217.5  has a total call value of 5,468,750  versus a total put value of  28,000,000,000 Combined total value = 28,005,468,750

Strike  220  has a total call value of 7,812,500  versus a total put value of  25,879,687,500 Combined total value = 25,887,500,000

Strike  222.5  has a total call value of 10,937,500  versus a total put value of  23,760,937,500 Combined total value = 23,771,875,000

Strike  225  has a total call value of 20,312,500  versus a total put value of  21,649,218,750 Combined total value = 21,669,531,250

Strike  227.5  has a total call value of 30,468,750  versus a total put value of  19,578,906,250 Combined total value = 19,609,375,000

Strike  230  has a total call value of 41,406,250  versus a total put value of  17,512,500,000 Combined total value = 17,553,906,250

Strike  232.5  has a total call value of 82,031,250  versus a total put value of  15,544,531,250 Combined total value = 15,626,562,500

Strike  235  has a total call value of 135,156,250  versus a total put value of  13,613,281,250 Combined total value = 13,748,437,500

Strike  237.5  has a total call value of 209,375,000  versus a total put value of  11,810,937,500 Combined total value = 12,020,312,500

Strike  240  has a total call value of 292,968,750  versus a total put value of  10,198,437,500 Combined total value = 10,491,406,250

Strike  242.5  has a total call value of 388,281,250  versus a total put value of  8,909,375,000 Combined total value = 9,297,656,250

Strike  245  has a total call value of 499,218,750  versus a total put value of  7,677,343,750 Combined total value = 8,176,562,500

Strike  247.5  has a total call value of 642,968,750  versus a total put value of  6,629,687,500 Combined total value = 7,272,656,250

Strike  250  has a total call value of 830,468,750  versus a total put value of  5,635,156,250 Combined total value = 6,465,625,000

Strike  252.5  has a total call value of 1,221,093,750  versus a total put value of  4,848,437,500 Combined total value = 6,069,531,250

Strike  255  has a total call value of 1,680,468,750  versus a total put value of  4,091,406,250 Combined total value = 5,771,875,000

Strike  257.5  has a total call value of 2,338,281,250  versus a total put value of  3,428,125,000 Combined total value = 5,766,406,250

Strike  260  has a total call value of 3,069,531,250  versus a total put value of  2,805,468,750 Combined total value = 5,875,000,000

Strike  262.5  has a total call value of 4,306,250,000  versus a total put value of  2,319,531,250 Combined total value = 6,625,781,250

Strike  265  has a total call value of 5,625,781,250  versus a total put value of  1,859,375,000 Combined total value = 7,485,156,250

Strike  267.5  has a total call value of 7,202,343,750  versus a total put value of  1,474,218,750 Combined total value = 8,676,562,500

Strike  270  has a total call value of 8,901,562,500  versus a total put value of  1,121,875,000 Combined total value = 10,023,437,500

Strike  272.5  has a total call value of 11,492,187,500  versus a total put value of  954,687,500 Combined total value = 12,446,875,000

Strike  275  has a total call value of 14,188,281,250  versus a total put value of  803,906,250 Combined total value = 14,992,187,500

Strike  277.5  has a total call value of 17,510,156,250  versus a total put value of  696,093,750 Combined total value = 18,206,250,000

Strike  280  has a total call value of 20,901,562,500  versus a total put value of  592,187,500 Combined total value = 21,493,750,000

Strike  282.5  has a total call value of 25,147,656,250  versus a total put value of  503,125,000 Combined total value = 25,650,781,250

Strike  285  has a total call value of 29,417,187,500  versus a total put value of  424,218,750 Combined total value = 29,841,406,250

Strike  287.5  has a total call value of 33,764,843,750  versus a total put value of  352,343,750 Combined total value = 34,117,187,500

Strike  290  has a total call value of 38,139,062,500  versus a total put value of  288,281,250 Combined total value = 38,427,343,750

Strike  292.5  has a total call value of 42,809,375,000  versus a total put value of  232,031,250 Combined total value = 43,041,406,250

Strike  295  has a total call value of 47,484,375,000  versus a total put value of  176,562,500 Combined total value = 47,660,937,500

Strike  297.5  has a total call value of 52,318,750,000  versus a total put value of  127,343,750 Combined total value = 52,446,093,750

Strike  300  has a total call value of 57,153,125,000  versus a total put value of  78,125,000 Combined total value = 57,231,250,000

Strike  302.5  has a total call value of 62,164,843,750  versus a total put value of  39,062,500 Combined total value = 62,203,906,250

Strike  305  has a total call value of 67,176,562,500  versus a total put value of  0 Combined total value = 67,176,562,500

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1133 1140
ABB 5227 5200
ABCAPITAL 356.4 350
ADANIENSOL 1001.4 980
ADANIENT 2281.8 2300
ADANIGREEN 1017.2 1020
ADANIPORTS 1509.8 1500
ALKEM 5622 5700
AMBER 6543.5 6700
AMBUJACEM 535.45 550
ANGELONE 2571.7 2600
APLAPOLLO 1724.1 1740
APOLLOHOSP 7020 7200
ASHOKLEY 160.19 157
ASIANPAINT 2785.5 2840
ASTRAL 1406.5 1440
AUBANK 974.65 950
AUROPHARMA 1171.5 1200
AXISBANK 1274.4 1280
BAJAJ-AUTO 9054 9100
BAJAJFINSV 2068 2080
BAJFINANCE 1004.1 1020
BANDHANBNK 143.67 150
BANKBARODA 285.05 290
BANKINDIA 141.06 144
BDL 1413.4 1460
BEL 387.15 400
BHARATFORG 1403.7 1400
BHARTIARTL 2053.3 2100
BHEL 277.35 280
BIOCON 380.7 390
BLUESTARCO 1751.3 1760
BOSCHLTD 36825 37000
BPCL 351.5 360
BRITANNIA 5860.5 5850
BSE 2684.4 2750
CAMS 754.1 780
CANBK 146.92 148
CDSL 1520.5 1580
CGPOWER 666.65 680
CHOLAFIN 1728.5 1700
CIPLA 1510 1520
COALINDIA 384.9 384.75
COFORGE 1837.7 1840
COLPAL 2156.2 2200
CONCOR 505.45 520
CROMPTON 251.9 265
CUMMINSIND 4538.5 4500
CYIENT 1149.9 1160
DABUR 502.25 510
DALBHARAT 1984.4 2000
DELHIVERY 408 420
DIVISLAB 6429.5 6400
DIXON 12830 13250
DLF 693.15 720
DMART 3845 3950
DRREDDY 1272.1 1270
EICHERMOT 7255 7200
ETERNAL 290.6 300
EXIDEIND 373.1 380
FEDERALBNK 261.35 257.5
FORTIS 853 900
GAIL 169.61 175
GLENMARK 1952.9 1940
GMRAIRPORT 98.45 101
GODREJCP 1143.9 1140
GODREJPROP 2034.6 2080
GRASIM 2798.9 2760
HAL 4324 4500
HAVELLS 1394.4 1440
HCLTECH 1666 1660
HDFCAMC 2654.2 2650
HDFCBANK 998.8 1000
HDFCLIFE 771.35 770
HEROMOTOCO 5967 6100
HFCL 66.96 70
HINDALCO 824.25 810
HINDPETRO 448.45 455
HINDUNILVR 2305.3 2340
HINDZINC 522.1 505
HUDCO 212.98 225
ICICIBANK 1360.9 1380
ICICIGI 1939.4 1980
ICICIPRULI 635.4 630
IDEA 10.99 10
IDFCFIRSTB 80.52 80
IEX 142.45 145
IIFL 569.85 560
INDHOTEL 726.55 740
INDIANB 780.7 820
INDIGO 4794.5 5000
INDUSINDBK 836.1 850
INDUSTOWER 408.35 410
INFY 1589.9 1600
INOXWIND 122.15 130
IOC 161.65 164
IRCTC 669.6 690
IREDA 134.5 140
IRFC 113.25 117
ITC 402.5 405
JINDALSTEL 1014.8 1020
JIOFIN 297.45 305
JSWENERGY 458.65 480
JSWSTEEL 1104.2 1140
JUBLFOOD 596.55 600
KALYANKJIL 470.5 480
KAYNES 4058 4400
KEI 4055.5 4050
KFINTECH 1073.9 1080
KOTAKBANK 2189.3 2160
KPITTECH 1231.8 1220
LAURUSLABS 1022 1000
LICHSGFIN 532.7 550
LICI 863.6 890
LODHA 1081.3 1120
LT 4009.7 4000
LTF 300.75 302.5
LTIM 6273 6150
LUPIN 2082.6 2060
M&M 3656.1 3700
MANAPPURAM 281.9 280
MANKIND 2169.3 2200
MARICO 726.45 730
MARUTI 16211 16200
MAXHEALTH 1082 1120
MAZDOCK 2475.4 2600
MCX 9948 10000
MFSL 1708.4 1700
MOTHERSON 119.82 115
MPHASIS 2896 2900
MUTHOOTFIN 3738 3700
NATIONALUM 263.45 265
NAUKRI 1344.7 1360
NBCC 108.59 112
NCC 161.65 170
NESTLEIND 1218.7 1240
NHPC 76.71 78
NMDC 75.38 76
NTPC 322.5 325
NUVAMA 7212 7200
NYKAA 248.9 257.5
OBEROIRLTY 1642 1660
OFSS 7990 8100
OIL 405.5 415
ONGC 238.87 241.5
PAGEIND 37075 38000
PATANJALI 534.55 550
PAYTM 1279.6 1300
PERSISTENT 6137 6200
PETRONET 271.4 280
PFC 341.5 360
PGEL 550.6 560
PHOENIXLTD 1732 1740
PIDILITIND 1466.5 1480
PIIND 3377 3450
PNB 117.55 120
PNBHOUSING 899.2 900
POLICYBZR 1933 1900
POLYCAB 7216 7300
POWERGRID 265.45 275
POWERINDIA 19100 19500
PPLPHARMA 171.75 182.5
PRESTIGE 1644.7 1660
RBLBANK 311.1 310
RECLTD 342.85 360
RELIANCE 1544.9 1540
RVNL 312.5 315
SAIL 129.24 134
SAMMAANCAP 144.55 160
SBICARD 874.35 880
SBILIFE 2013.5 2020
SBIN 964 970
SHREECEM 26215 26500
SHRIRAMFIN 845.45 840
SIEMENS 3172 3250
SOLARINDS 12455 13000
SONACOMS 487.15 500
SRF 2937 2900
SUNPHARMA 1802.2 1800
SUPREMEIND 3233.9 3400
SUZLON 51.83 54
SYNGENE 640.9 640
TATACONSUM 1147.9 1170
TATAELXSI 4969.5 5100
TATAMOTORS 0 320
TATAPOWER 381.35 390
TATASTEEL 165.87 170
TATATECH 651.6 680
TCS 3183.6 3200
TECHM 1559.4 1540
TIINDIA 2647.4 2750
TITAGARH 770.15 800
TITAN 3837.5 3840
TMPV 347.6 360
TORNTPHARM 3787.8 3750
TORNTPOWER 1286.9 1300
TRENT 4027.4 4200
TVSMOTOR 3621.2 3600
ULTRACEMCO 11445 11600
UNIONBANK 150.7 152.5
UNITDSPR 1439.1 1440
UNOMINDA 1235.7 1280
UPL 746.6 750
VBL 473.45 470
VEDL 529.85 520
VOLTAS 1351 1360
WIPRO 258.64 255
YESBANK 21.93 23
ZYDUSLIFE 925.45 940

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:

  1. For each strike price: Calculate the difference between the current stock price and the strike price.
  2. Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
  3. Sum the values: Add together the dollar value for put options and call options at each strike price.
  4. Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
  5. 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.