SENSEX
Sensex
Max pain for SENSEX
29 Oct 2024 04:11 PM IST
Max Pain for SENSEX is 80200
Strike 77100 has a total call value of 0 versus a total put value of 321,034,300,000 Combined total value = 321,034,300,000
Strike 77200 has a total call value of 0 versus a total put value of 305,978,800,000 Combined total value = 305,978,800,000
Strike 77300 has a total call value of 0 versus a total put value of 291,079,800,000 Combined total value = 291,079,800,000
Strike 77400 has a total call value of 0 versus a total put value of 276,341,700,000 Combined total value = 276,341,700,000
Strike 77500 has a total call value of 0 versus a total put value of 261,695,100,000 Combined total value = 261,695,100,000
Strike 77600 has a total call value of 0 versus a total put value of 247,889,200,000 Combined total value = 247,889,200,000
Strike 77700 has a total call value of 0 versus a total put value of 234,142,400,000 Combined total value = 234,142,400,000
Strike 77800 has a total call value of 0 versus a total put value of 220,459,200,000 Combined total value = 220,459,200,000
Strike 77900 has a total call value of 0 versus a total put value of 206,946,800,000 Combined total value = 206,946,800,000
Strike 78000 has a total call value of 0 versus a total put value of 193,572,300,000 Combined total value = 193,572,300,000
Strike 78100 has a total call value of 500,000 versus a total put value of 181,777,200,000 Combined total value = 181,777,700,000
Strike 78200 has a total call value of 1,000,000 versus a total put value of 170,276,600,000 Combined total value = 170,277,600,000
Strike 78300 has a total call value of 1,500,000 versus a total put value of 158,963,400,000 Combined total value = 158,964,900,000
Strike 78400 has a total call value of 2,000,000 versus a total put value of 147,844,700,000 Combined total value = 147,846,700,000
Strike 78500 has a total call value of 2,500,000 versus a total put value of 136,844,700,000 Combined total value = 136,847,200,000
Strike 78600 has a total call value of 8,900,000 versus a total put value of 126,351,600,000 Combined total value = 126,360,500,000
Strike 78700 has a total call value of 15,600,000 versus a total put value of 115,986,300,000 Combined total value = 116,001,900,000
Strike 78800 has a total call value of 22,900,000 versus a total put value of 105,880,600,000 Combined total value = 105,903,500,000
Strike 78900 has a total call value of 30,900,000 versus a total put value of 95,889,500,000 Combined total value = 95,920,400,000
Strike 79000 has a total call value of 40,800,000 versus a total put value of 86,257,900,000 Combined total value = 86,298,700,000
Strike 79100 has a total call value of 104,600,000 versus a total put value of 77,564,200,000 Combined total value = 77,668,800,000
Strike 79200 has a total call value of 180,200,000 versus a total put value of 69,086,600,000 Combined total value = 69,266,800,000
Strike 79300 has a total call value of 275,800,000 versus a total put value of 60,859,900,000 Combined total value = 61,135,700,000
Strike 79400 has a total call value of 390,900,000 versus a total put value of 53,005,400,000 Combined total value = 53,396,300,000
Strike 79500 has a total call value of 536,500,000 versus a total put value of 45,727,000,000 Combined total value = 46,263,500,000
Strike 79600 has a total call value of 1,085,400,000 versus a total put value of 39,758,500,000 Combined total value = 40,843,900,000
Strike 79700 has a total call value of 1,788,300,000 versus a total put value of 34,415,800,000 Combined total value = 36,204,100,000
Strike 79800 has a total call value of 2,579,000,000 versus a total put value of 29,452,000,000 Combined total value = 32,031,000,000
Strike 79900 has a total call value of 3,512,600,000 versus a total put value of 24,963,900,000 Combined total value = 28,476,500,000
Strike 80000 has a total call value of 4,624,700,000 versus a total put value of 20,920,000,000 Combined total value = 25,544,700,000
Strike 80100 has a total call value of 6,560,100,000 versus a total put value of 18,443,100,000 Combined total value = 25,003,200,000
Strike 80200 has a total call value of 8,647,800,000 versus a total put value of 16,256,100,000 Combined total value = 24,903,900,000
Strike 80300 has a total call value of 10,977,400,000 versus a total put value of 14,379,800,000 Combined total value = 25,357,200,000
Strike 80400 has a total call value of 13,682,200,000 versus a total put value of 12,748,400,000 Combined total value = 26,430,600,000
Strike 80500 has a total call value of 16,908,300,000 versus a total put value of 11,367,000,000 Combined total value = 28,275,300,000
Strike 80600 has a total call value of 21,405,700,000 versus a total put value of 10,515,500,000 Combined total value = 31,921,200,000
Strike 80700 has a total call value of 26,413,400,000 versus a total put value of 9,726,700,000 Combined total value = 36,140,100,000
Strike 80800 has a total call value of 31,726,500,000 versus a total put value of 9,007,700,000 Combined total value = 40,734,200,000
Strike 80900 has a total call value of 37,562,600,000 versus a total put value of 8,345,200,000 Combined total value = 45,907,800,000
Strike 81000 has a total call value of 43,747,100,000 versus a total put value of 7,705,400,000 Combined total value = 51,452,500,000
Strike 81100 has a total call value of 51,151,500,000 versus a total put value of 7,375,200,000 Combined total value = 58,526,700,000
Strike 81200 has a total call value of 58,802,000,000 versus a total put value of 7,053,000,000 Combined total value = 65,855,000,000
Strike 81300 has a total call value of 66,810,600,000 versus a total put value of 6,731,700,000 Combined total value = 73,542,300,000
Strike 81400 has a total call value of 75,169,700,000 versus a total put value of 6,414,100,000 Combined total value = 81,583,800,000
Strike 81500 has a total call value of 83,799,600,000 versus a total put value of 6,099,800,000 Combined total value = 89,899,400,000
Strike 81600 has a total call value of 93,195,100,000 versus a total put value of 5,828,600,000 Combined total value = 99,023,700,000
Strike 81700 has a total call value of 102,854,600,000 versus a total put value of 5,557,700,000 Combined total value = 108,412,300,000
Strike 81800 has a total call value of 112,826,500,000 versus a total put value of 5,286,800,000 Combined total value = 118,113,300,000
Strike 81900 has a total call value of 123,136,800,000 versus a total put value of 5,018,100,000 Combined total value = 128,154,900,000
Strike 82000 has a total call value of 133,801,300,000 versus a total put value of 4,749,400,000 Combined total value = 138,550,700,000
Strike 82100 has a total call value of 145,763,400,000 versus a total put value of 4,484,800,000 Combined total value = 150,248,200,000
Strike 82200 has a total call value of 157,885,000,000 versus a total put value of 4,220,200,000 Combined total value = 162,105,200,000
Strike 82300 has a total call value of 170,195,300,000 versus a total put value of 3,958,300,000 Combined total value = 174,153,600,000
Strike 82400 has a total call value of 182,672,100,000 versus a total put value of 3,696,400,000 Combined total value = 186,368,500,000
Strike 82500 has a total call value of 195,278,100,000 versus a total put value of 3,434,500,000 Combined total value = 198,712,600,000
Strike 82600 has a total call value of 208,853,600,000 versus a total put value of 3,210,700,000 Combined total value = 212,064,300,000
Strike 82700 has a total call value of 222,524,300,000 versus a total put value of 2,986,900,000 Combined total value = 225,511,200,000
Strike 82800 has a total call value of 236,310,000,000 versus a total put value of 2,763,100,000 Combined total value = 239,073,100,000
Strike 82900 has a total call value of 250,235,000,000 versus a total put value of 2,539,300,000 Combined total value = 252,774,300,000
Strike 83000 has a total call value of 264,202,800,000 versus a total put value of 2,315,500,000 Combined total value = 266,518,300,000
Strike 83100 has a total call value of 278,872,500,000 versus a total put value of 2,151,200,000 Combined total value = 281,023,700,000
Strike 83200 has a total call value of 293,560,600,000 versus a total put value of 1,986,900,000 Combined total value = 295,547,500,000
Strike 83300 has a total call value of 308,277,400,000 versus a total put value of 1,822,600,000 Combined total value = 310,100,000,000
Strike 83400 has a total call value of 323,006,800,000 versus a total put value of 1,658,300,000 Combined total value = 324,665,100,000
Strike 83500 has a total call value of 337,746,400,000 versus a total put value of 1,494,000,000 Combined total value = 339,240,400,000
Strike 83600 has a total call value of 352,939,600,000 versus a total put value of 1,329,700,000 Combined total value = 354,269,300,000
Strike 83700 has a total call value of 368,146,000,000 versus a total put value of 1,165,400,000 Combined total value = 369,311,400,000
Strike 83800 has a total call value of 383,352,400,000 versus a total put value of 1,001,100,000 Combined total value = 384,353,500,000
Strike 83900 has a total call value of 398,558,800,000 versus a total put value of 836,800,000 Combined total value = 399,395,600,000
Strike 84000 has a total call value of 413,765,200,000 versus a total put value of 672,500,000 Combined total value = 414,437,700,000
Strike 84100 has a total call value of 429,583,600,000 versus a total put value of 598,300,000 Combined total value = 430,181,900,000
Strike 84200 has a total call value of 445,419,100,000 versus a total put value of 524,100,000 Combined total value = 445,943,200,000
Strike 84300 has a total call value of 461,274,000,000 versus a total put value of 449,900,000 Combined total value = 461,723,900,000
Strike 84400 has a total call value of 477,128,900,000 versus a total put value of 375,700,000 Combined total value = 477,504,600,000
Strike 84500 has a total call value of 492,983,800,000 versus a total put value of 301,500,000 Combined total value = 493,285,300,000
Strike 84600 has a total call value of 509,148,300,000 versus a total put value of 241,200,000 Combined total value = 509,389,500,000
Strike 84700 has a total call value of 525,315,000,000 versus a total put value of 180,900,000 Combined total value = 525,495,900,000
Strike 84800 has a total call value of 541,481,700,000 versus a total put value of 120,600,000 Combined total value = 541,602,300,000
Strike 84900 has a total call value of 557,648,400,000 versus a total put value of 60,300,000 Combined total value = 557,708,700,000
Strike 85000 has a total call value of 573,815,100,000 versus a total put value of 0 Combined total value = 573,815,100,000
Strike 85100 has a total call value of 590,821,600,000 versus a total put value of 0 Combined total value = 590,821,600,000
Strike 85200 has a total call value of 607,828,100,000 versus a total put value of 0 Combined total value = 607,828,100,000
Strike 85300 has a total call value of 624,834,600,000 versus a total put value of 0 Combined total value = 624,834,600,000
Strike 85400 has a total call value of 641,841,100,000 versus a total put value of 0 Combined total value = 641,841,100,000
Strike 85500 has a total call value of 658,847,600,000 versus a total put value of 0 Combined total value = 658,847,600,000
Strike 85600 has a total call value of 675,854,100,000 versus a total put value of 0 Combined total value = 675,854,100,000
Strike 85700 has a total call value of 692,860,600,000 versus a total put value of 0 Combined total value = 692,860,600,000
Strike 85800 has a total call value of 709,867,100,000 versus a total put value of 0 Combined total value = 709,867,100,000
Strike 85900 has a total call value of 726,873,600,000 versus a total put value of 0 Combined total value = 726,873,600,000
Strike 86000 has a total call value of 743,880,100,000 versus a total put value of 0 Combined total value = 743,880,100,000
Strike 86100 has a total call value of 760,929,400,000 versus a total put value of 0 Combined total value = 760,929,400,000
Strike 86200 has a total call value of 777,978,700,000 versus a total put value of 0 Combined total value = 777,978,700,000
Strike 86300 has a total call value of 795,028,000,000 versus a total put value of 0 Combined total value = 795,028,000,000
Strike 86400 has a total call value of 812,077,300,000 versus a total put value of 0 Combined total value = 812,077,300,000
Strike 86500 has a total call value of 829,126,600,000 versus a total put value of 0 Combined total value = 829,126,600,000
Strike 86600 has a total call value of 846,175,900,000 versus a total put value of 0 Combined total value = 846,175,900,000
Strike 86700 has a total call value of 863,225,200,000 versus a total put value of 0 Combined total value = 863,225,200,000
Strike 86800 has a total call value of 880,274,500,000 versus a total put value of 0 Combined total value = 880,274,500,000
Strike 86900 has a total call value of 897,323,800,000 versus a total put value of 0 Combined total value = 897,323,800,000
Strike 87000 has a total call value of 914,373,100,000 versus a total put value of 0 Combined total value = 914,373,100,000
Strike 87100 has a total call value of 931,422,500,000 versus a total put value of 0 Combined total value = 931,422,500,000
Strike 87200 has a total call value of 948,472,100,000 versus a total put value of 0 Combined total value = 948,472,100,000
Strike 87300 has a total call value of 965,521,700,000 versus a total put value of 0 Combined total value = 965,521,700,000
Strike 87400 has a total call value of 982,571,300,000 versus a total put value of 0 Combined total value = 982,571,300,000
Strike 87500 has a total call value of 999,620,900,000 versus a total put value of 0 Combined total value = 999,620,900,000
Strike 87600 has a total call value of 1,016,670,500,000 versus a total put value of 0 Combined total value = 1,016,670,500,000
Strike 87700 has a total call value of 1,033,720,100,000 versus a total put value of 0 Combined total value = 1,033,720,100,000
Strike 87800 has a total call value of 1,050,769,700,000 versus a total put value of 0 Combined total value = 1,050,769,700,000
Strike 87900 has a total call value of 1,067,819,300,000 versus a total put value of 0 Combined total value = 1,067,819,300,000
Strike 88000 has a total call value of 1,084,868,900,000 versus a total put value of 0 Combined total value = 1,084,868,900,000
Strike 88100 has a total call value of 1,101,918,500,000 versus a total put value of 0 Combined total value = 1,101,918,500,000
Strike 88200 has a total call value of 1,118,968,100,000 versus a total put value of 0 Combined total value = 1,118,968,100,000
Strike 88300 has a total call value of 1,136,017,700,000 versus a total put value of 0 Combined total value = 1,136,017,700,000
Strike 88400 has a total call value of 1,153,067,300,000 versus a total put value of 0 Combined total value = 1,153,067,300,000
Strike 88500 has a total call value of 1,170,116,900,000 versus a total put value of 0 Combined total value = 1,170,116,900,000
Strike 88600 has a total call value of 1,187,166,500,000 versus a total put value of 0 Combined total value = 1,187,166,500,000
Strike 88700 has a total call value of 1,204,216,100,000 versus a total put value of 0 Combined total value = 1,204,216,100,000
Strike 88800 has a total call value of 1,221,265,700,000 versus a total put value of 0 Combined total value = 1,221,265,700,000
Strike 88900 has a total call value of 1,238,315,300,000 versus a total put value of 0 Combined total value = 1,238,315,300,000
Strike 89000 has a total call value of 1,255,364,900,000 versus a total put value of 0 Combined total value = 1,255,364,900,000
Strike 89100 has a total call value of 1,272,414,500,000 versus a total put value of 0 Combined total value = 1,272,414,500,000
Strike 89200 has a total call value of 1,289,464,100,000 versus a total put value of 0 Combined total value = 1,289,464,100,000
Strike 89300 has a total call value of 1,306,513,700,000 versus a total put value of 0 Combined total value = 1,306,513,700,000
Strike 89400 has a total call value of 1,323,563,300,000 versus a total put value of 0 Combined total value = 1,323,563,300,000
Strike 89500 has a total call value of 1,340,612,900,000 versus a total put value of 0 Combined total value = 1,340,612,900,000
Strike 89600 has a total call value of 1,357,662,500,000 versus a total put value of 0 Combined total value = 1,357,662,500,000
Strike 89700 has a total call value of 1,374,713,100,000 versus a total put value of 0 Combined total value = 1,374,713,100,000
Strike 89800 has a total call value of 1,391,786,100,000 versus a total put value of 0 Combined total value = 1,391,786,100,000
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.