SENSEX
Sensex
Max pain for SENSEX
28 Jun 2024 04:11 PM IST
Max Pain for SENSEX is 79000
Strike 75000 has a total call value of 0 versus a total put value of 53,084,600,000 Combined total value = 53,084,600,000
Strike 75100 has a total call value of 0 versus a total put value of 51,451,400,000 Combined total value = 51,451,400,000
Strike 75200 has a total call value of 0 versus a total put value of 49,818,200,000 Combined total value = 49,818,200,000
Strike 75300 has a total call value of 0 versus a total put value of 48,185,000,000 Combined total value = 48,185,000,000
Strike 75400 has a total call value of 0 versus a total put value of 46,551,800,000 Combined total value = 46,551,800,000
Strike 75500 has a total call value of 0 versus a total put value of 44,918,600,000 Combined total value = 44,918,600,000
Strike 75600 has a total call value of 0 versus a total put value of 43,285,500,000 Combined total value = 43,285,500,000
Strike 75700 has a total call value of 0 versus a total put value of 41,652,400,000 Combined total value = 41,652,400,000
Strike 75800 has a total call value of 0 versus a total put value of 40,019,300,000 Combined total value = 40,019,300,000
Strike 75900 has a total call value of 0 versus a total put value of 38,386,200,000 Combined total value = 38,386,200,000
Strike 76000 has a total call value of 0 versus a total put value of 36,753,100,000 Combined total value = 36,753,100,000
Strike 76100 has a total call value of 0 versus a total put value of 35,225,400,000 Combined total value = 35,225,400,000
Strike 76200 has a total call value of 0 versus a total put value of 33,697,700,000 Combined total value = 33,697,700,000
Strike 76300 has a total call value of 0 versus a total put value of 32,170,000,000 Combined total value = 32,170,000,000
Strike 76400 has a total call value of 0 versus a total put value of 30,642,300,000 Combined total value = 30,642,300,000
Strike 76500 has a total call value of 0 versus a total put value of 29,114,900,000 Combined total value = 29,114,900,000
Strike 76600 has a total call value of 0 versus a total put value of 27,587,600,000 Combined total value = 27,587,600,000
Strike 76700 has a total call value of 0 versus a total put value of 26,060,300,000 Combined total value = 26,060,300,000
Strike 76800 has a total call value of 0 versus a total put value of 24,533,000,000 Combined total value = 24,533,000,000
Strike 76900 has a total call value of 200,000 versus a total put value of 23,005,700,000 Combined total value = 23,005,900,000
Strike 77000 has a total call value of 400,000 versus a total put value of 21,478,400,000 Combined total value = 21,478,800,000
Strike 77100 has a total call value of 140,000,000 versus a total put value of 20,170,400,000 Combined total value = 20,310,400,000
Strike 77200 has a total call value of 279,700,000 versus a total put value of 18,868,300,000 Combined total value = 19,148,000,000
Strike 77300 has a total call value of 419,800,000 versus a total put value of 17,568,000,000 Combined total value = 17,987,800,000
Strike 77400 has a total call value of 559,900,000 versus a total put value of 16,267,900,000 Combined total value = 16,827,800,000
Strike 77500 has a total call value of 700,000,000 versus a total put value of 14,968,900,000 Combined total value = 15,668,900,000
Strike 77600 has a total call value of 865,100,000 versus a total put value of 13,758,300,000 Combined total value = 14,623,400,000
Strike 77700 has a total call value of 1,031,500,000 versus a total put value of 12,555,600,000 Combined total value = 13,587,100,000
Strike 77800 has a total call value of 1,197,900,000 versus a total put value of 11,357,100,000 Combined total value = 12,555,000,000
Strike 77900 has a total call value of 1,364,300,000 versus a total put value of 10,158,700,000 Combined total value = 11,523,000,000
Strike 78000 has a total call value of 1,530,700,000 versus a total put value of 8,974,100,000 Combined total value = 10,504,800,000
Strike 78100 has a total call value of 1,835,500,000 versus a total put value of 8,069,400,000 Combined total value = 9,904,900,000
Strike 78200 has a total call value of 2,140,600,000 versus a total put value of 7,177,000,000 Combined total value = 9,317,600,000
Strike 78300 has a total call value of 2,445,700,000 versus a total put value of 6,292,300,000 Combined total value = 8,738,000,000
Strike 78400 has a total call value of 2,750,800,000 versus a total put value of 5,420,400,000 Combined total value = 8,171,200,000
Strike 78500 has a total call value of 3,059,500,000 versus a total put value of 4,566,700,000 Combined total value = 7,626,200,000
Strike 78600 has a total call value of 3,397,600,000 versus a total put value of 3,830,200,000 Combined total value = 7,227,800,000
Strike 78700 has a total call value of 3,737,500,000 versus a total put value of 3,111,400,000 Combined total value = 6,848,900,000
Strike 78800 has a total call value of 4,081,200,000 versus a total put value of 2,432,000,000 Combined total value = 6,513,200,000
Strike 78900 has a total call value of 4,433,700,000 versus a total put value of 1,781,200,000 Combined total value = 6,214,900,000
Strike 79000 has a total call value of 4,809,600,000 versus a total put value of 1,179,000,000 Combined total value = 5,988,600,000
Strike 79100 has a total call value of 5,438,700,000 versus a total put value of 899,800,000 Combined total value = 6,338,500,000
Strike 79200 has a total call value of 6,099,500,000 versus a total put value of 654,800,000 Combined total value = 6,754,300,000
Strike 79300 has a total call value of 6,839,900,000 versus a total put value of 456,300,000 Combined total value = 7,296,200,000
Strike 79400 has a total call value of 7,625,500,000 versus a total put value of 281,500,000 Combined total value = 7,907,000,000
Strike 79500 has a total call value of 8,450,900,000 versus a total put value of 126,400,000 Combined total value = 8,577,300,000
Strike 79600 has a total call value of 9,525,600,000 versus a total put value of 89,300,000 Combined total value = 9,614,900,000
Strike 79700 has a total call value of 10,661,400,000 versus a total put value of 59,200,000 Combined total value = 10,720,600,000
Strike 79800 has a total call value of 11,821,500,000 versus a total put value of 36,100,000 Combined total value = 11,857,600,000
Strike 79900 has a total call value of 13,031,200,000 versus a total put value of 17,300,000 Combined total value = 13,048,500,000
Strike 80000 has a total call value of 14,331,800,000 versus a total put value of 2,400,000 Combined total value = 14,334,200,000
Strike 80100 has a total call value of 15,897,500,000 versus a total put value of 1,800,000 Combined total value = 15,899,300,000
Strike 80200 has a total call value of 17,476,500,000 versus a total put value of 1,200,000 Combined total value = 17,477,700,000
Strike 80300 has a total call value of 19,069,000,000 versus a total put value of 800,000 Combined total value = 19,069,800,000
Strike 80400 has a total call value of 20,681,100,000 versus a total put value of 400,000 Combined total value = 20,681,500,000
Strike 80500 has a total call value of 22,315,200,000 versus a total put value of 0 Combined total value = 22,315,200,000
Strike 80600 has a total call value of 24,046,300,000 versus a total put value of 0 Combined total value = 24,046,300,000
Strike 80700 has a total call value of 25,787,000,000 versus a total put value of 0 Combined total value = 25,787,000,000
Strike 80800 has a total call value of 27,536,000,000 versus a total put value of 0 Combined total value = 27,536,000,000
Strike 80900 has a total call value of 29,287,100,000 versus a total put value of 0 Combined total value = 29,287,100,000
Strike 81000 has a total call value of 31,049,500,000 versus a total put value of 0 Combined total value = 31,049,500,000
Strike 81100 has a total call value of 33,017,600,000 versus a total put value of 0 Combined total value = 33,017,600,000
Strike 81200 has a total call value of 34,985,700,000 versus a total put value of 0 Combined total value = 34,985,700,000
Strike 81300 has a total call value of 36,954,400,000 versus a total put value of 0 Combined total value = 36,954,400,000
Strike 81400 has a total call value of 38,923,100,000 versus a total put value of 0 Combined total value = 38,923,100,000
Strike 81500 has a total call value of 40,895,100,000 versus a total put value of 0 Combined total value = 40,895,100,000
Strike 81600 has a total call value of 43,016,300,000 versus a total put value of 0 Combined total value = 43,016,300,000
Strike 81700 has a total call value of 45,137,500,000 versus a total put value of 0 Combined total value = 45,137,500,000
Strike 81800 has a total call value of 47,258,700,000 versus a total put value of 0 Combined total value = 47,258,700,000
Strike 81900 has a total call value of 49,379,900,000 versus a total put value of 0 Combined total value = 49,379,900,000
Strike 82000 has a total call value of 51,501,100,000 versus a total put value of 0 Combined total value = 51,501,100,000
Strike 82100 has a total call value of 53,824,300,000 versus a total put value of 0 Combined total value = 53,824,300,000
Strike 82200 has a total call value of 56,147,500,000 versus a total put value of 0 Combined total value = 56,147,500,000
Strike 82300 has a total call value of 58,470,700,000 versus a total put value of 0 Combined total value = 58,470,700,000
Strike 82400 has a total call value of 60,793,900,000 versus a total put value of 0 Combined total value = 60,793,900,000
Strike 82500 has a total call value of 63,117,100,000 versus a total put value of 0 Combined total value = 63,117,100,000
Strike 82600 has a total call value of 65,522,100,000 versus a total put value of 0 Combined total value = 65,522,100,000
Strike 82700 has a total call value of 67,930,400,000 versus a total put value of 0 Combined total value = 67,930,400,000
Strike 82800 has a total call value of 70,338,700,000 versus a total put value of 0 Combined total value = 70,338,700,000
Strike 82900 has a total call value of 72,747,000,000 versus a total put value of 0 Combined total value = 72,747,000,000
Strike 83000 has a total call value of 75,155,300,000 versus a total put value of 0 Combined total value = 75,155,300,000
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.