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SENSEX50

Sensex 50
24730.46 -60.33 (-0.24%)
L: 24697.74 H: 24934.49
Max Pain
15 May 2026 04:09 PM IST
Market Closed
Quick Help
Max-Pain
77,000
DFC
7D Avg
Reliability
14D Avg
Reliability
21D Avg
Reliability
Max Pain for SENSEX50 is 77000


Strike  67000  has a total call value of 0  versus a total put value of  611,645,200,000. Combined total value = 611,645,200,000

Strike  67100  has a total call value of 0  versus a total put value of  605,224,800,000. Combined total value = 605,224,800,000

Strike  67200  has a total call value of 0  versus a total put value of  598,804,400,000. Combined total value = 598,804,400,000

Strike  67300  has a total call value of 0  versus a total put value of  592,384,000,000. Combined total value = 592,384,000,000

Strike  67400  has a total call value of 0  versus a total put value of  585,963,600,000. Combined total value = 585,963,600,000

Strike  67500  has a total call value of 0  versus a total put value of  579,543,200,000. Combined total value = 579,543,200,000

Strike  67600  has a total call value of 0  versus a total put value of  573,122,800,000. Combined total value = 573,122,800,000

Strike  67700  has a total call value of 0  versus a total put value of  566,702,400,000. Combined total value = 566,702,400,000

Strike  67800  has a total call value of 0  versus a total put value of  560,282,000,000. Combined total value = 560,282,000,000

Strike  67900  has a total call value of 0  versus a total put value of  553,861,600,000. Combined total value = 553,861,600,000

Strike  68000  has a total call value of 0  versus a total put value of  547,441,200,000. Combined total value = 547,441,200,000

Strike  68100  has a total call value of 0  versus a total put value of  541,088,800,000. Combined total value = 541,088,800,000

Strike  68200  has a total call value of 0  versus a total put value of  534,736,400,000. Combined total value = 534,736,400,000

Strike  68300  has a total call value of 0  versus a total put value of  528,384,000,000. Combined total value = 528,384,000,000

Strike  68400  has a total call value of 0  versus a total put value of  522,031,600,000. Combined total value = 522,031,600,000

Strike  68500  has a total call value of 0  versus a total put value of  515,679,200,000. Combined total value = 515,679,200,000

Strike  68600  has a total call value of 0  versus a total put value of  509,329,800,000. Combined total value = 509,329,800,000

Strike  68700  has a total call value of 0  versus a total put value of  502,980,400,000. Combined total value = 502,980,400,000

Strike  68800  has a total call value of 0  versus a total put value of  496,631,000,000. Combined total value = 496,631,000,000

Strike  68900  has a total call value of 0  versus a total put value of  490,281,600,000. Combined total value = 490,281,600,000

Strike  69000  has a total call value of 0  versus a total put value of  483,932,200,000. Combined total value = 483,932,200,000

Strike  69100  has a total call value of 0  versus a total put value of  477,583,200,000. Combined total value = 477,583,200,000

Strike  69200  has a total call value of 0  versus a total put value of  471,234,200,000. Combined total value = 471,234,200,000

Strike  69300  has a total call value of 0  versus a total put value of  464,885,200,000. Combined total value = 464,885,200,000

Strike  69400  has a total call value of 0  versus a total put value of  458,536,200,000. Combined total value = 458,536,200,000

Strike  69500  has a total call value of 0  versus a total put value of  452,187,200,000. Combined total value = 452,187,200,000

Strike  69600  has a total call value of 0  versus a total put value of  445,838,200,000. Combined total value = 445,838,200,000

Strike  69700  has a total call value of 0  versus a total put value of  439,489,200,000. Combined total value = 439,489,200,000

Strike  69800  has a total call value of 0  versus a total put value of  433,140,200,000. Combined total value = 433,140,200,000

Strike  69900  has a total call value of 0  versus a total put value of  426,791,200,000. Combined total value = 426,791,200,000

Strike  70000  has a total call value of 0  versus a total put value of  420,442,200,000. Combined total value = 420,442,200,000

Strike  70100  has a total call value of 20,400,000  versus a total put value of  414,374,200,000. Combined total value = 414,394,600,000

Strike  70200  has a total call value of 40,800,000  versus a total put value of  408,306,200,000. Combined total value = 408,347,000,000

Strike  70300  has a total call value of 61,200,000  versus a total put value of  402,238,200,000. Combined total value = 402,299,400,000

Strike  70400  has a total call value of 81,600,000  versus a total put value of  396,170,200,000. Combined total value = 396,251,800,000

Strike  70500  has a total call value of 102,000,000  versus a total put value of  390,102,600,000. Combined total value = 390,204,600,000

Strike  70600  has a total call value of 122,400,000  versus a total put value of  384,035,000,000. Combined total value = 384,157,400,000

Strike  70700  has a total call value of 142,800,000  versus a total put value of  377,967,400,000. Combined total value = 378,110,200,000

Strike  70800  has a total call value of 163,200,000  versus a total put value of  371,900,800,000. Combined total value = 372,064,000,000

Strike  70900  has a total call value of 183,600,000  versus a total put value of  365,834,200,000. Combined total value = 366,017,800,000

Strike  71000  has a total call value of 204,000,000  versus a total put value of  359,767,600,000. Combined total value = 359,971,600,000

Strike  71100  has a total call value of 229,600,000  versus a total put value of  353,826,400,000. Combined total value = 354,056,000,000

Strike  71200  has a total call value of 255,200,000  versus a total put value of  347,885,200,000. Combined total value = 348,140,400,000

Strike  71300  has a total call value of 280,800,000  versus a total put value of  341,971,400,000. Combined total value = 342,252,200,000

Strike  71400  has a total call value of 306,400,000  versus a total put value of  336,057,600,000. Combined total value = 336,364,000,000

Strike  71500  has a total call value of 332,000,000  versus a total put value of  330,143,800,000. Combined total value = 330,475,800,000

Strike  71600  has a total call value of 357,600,000  versus a total put value of  324,231,000,000. Combined total value = 324,588,600,000

Strike  71700  has a total call value of 383,200,000  versus a total put value of  318,318,200,000. Combined total value = 318,701,400,000

Strike  71800  has a total call value of 408,800,000  versus a total put value of  312,405,400,000. Combined total value = 312,814,200,000

Strike  71900  has a total call value of 434,400,000  versus a total put value of  306,492,600,000. Combined total value = 306,927,000,000

Strike  72000  has a total call value of 460,000,000  versus a total put value of  300,579,800,000. Combined total value = 301,039,800,000

Strike  72100  has a total call value of 485,800,000  versus a total put value of  295,019,600,000. Combined total value = 295,505,400,000

Strike  72200  has a total call value of 511,600,000  versus a total put value of  289,459,400,000. Combined total value = 289,971,000,000

Strike  72300  has a total call value of 537,400,000  versus a total put value of  283,899,200,000. Combined total value = 284,436,600,000

Strike  72400  has a total call value of 563,200,000  versus a total put value of  278,339,000,000. Combined total value = 278,902,200,000

Strike  72500  has a total call value of 589,000,000  versus a total put value of  272,778,800,000. Combined total value = 273,367,800,000

Strike  72600  has a total call value of 614,800,000  versus a total put value of  267,250,800,000. Combined total value = 267,865,600,000

Strike  72700  has a total call value of 640,600,000  versus a total put value of  261,723,000,000. Combined total value = 262,363,600,000

Strike  72800  has a total call value of 666,400,000  versus a total put value of  256,195,200,000. Combined total value = 256,861,600,000

Strike  72900  has a total call value of 692,200,000  versus a total put value of  250,667,400,000. Combined total value = 251,359,600,000

Strike  73000  has a total call value of 718,000,000  versus a total put value of  245,143,600,000. Combined total value = 245,861,600,000

Strike  73100  has a total call value of 743,800,000  versus a total put value of  239,848,600,000. Combined total value = 240,592,400,000

Strike  73200  has a total call value of 769,600,000  versus a total put value of  234,554,600,000. Combined total value = 235,324,200,000

Strike  73300  has a total call value of 795,400,000  versus a total put value of  229,261,800,000. Combined total value = 230,057,200,000

Strike  73400  has a total call value of 821,200,000  versus a total put value of  223,972,400,000. Combined total value = 224,793,600,000

Strike  73500  has a total call value of 847,000,000  versus a total put value of  218,685,000,000. Combined total value = 219,532,000,000

Strike  73600  has a total call value of 874,800,000  versus a total put value of  213,491,400,000. Combined total value = 214,366,200,000

Strike  73700  has a total call value of 903,400,000  versus a total put value of  208,299,800,000. Combined total value = 209,203,200,000

Strike  73800  has a total call value of 932,800,000  versus a total put value of  203,111,800,000. Combined total value = 204,044,600,000

Strike  73900  has a total call value of 963,600,000  versus a total put value of  197,932,200,000. Combined total value = 198,895,800,000

Strike  74000  has a total call value of 994,400,000  versus a total put value of  192,796,600,000. Combined total value = 193,791,000,000

Strike  74100  has a total call value of 1,103,600,000  versus a total put value of  187,870,400,000. Combined total value = 188,974,000,000

Strike  74200  has a total call value of 1,224,800,000  versus a total put value of  182,970,400,000. Combined total value = 184,195,200,000

Strike  74300  has a total call value of 1,371,800,000  versus a total put value of  178,098,400,000. Combined total value = 179,470,200,000

Strike  74400  has a total call value of 1,540,400,000  versus a total put value of  173,252,000,000. Combined total value = 174,792,400,000

Strike  74500  has a total call value of 1,724,800,000  versus a total put value of  168,430,800,000. Combined total value = 170,155,600,000

Strike  74600  has a total call value of 2,051,600,000  versus a total put value of  163,864,400,000. Combined total value = 165,916,000,000

Strike  74700  has a total call value of 2,396,400,000  versus a total put value of  159,333,200,000. Combined total value = 161,729,600,000

Strike  74800  has a total call value of 2,765,400,000  versus a total put value of  154,826,000,000. Combined total value = 157,591,400,000

Strike  74900  has a total call value of 3,165,800,000  versus a total put value of  150,350,000,000. Combined total value = 153,515,800,000

Strike  75000  has a total call value of 3,580,800,000  versus a total put value of  145,899,800,000. Combined total value = 149,480,600,000

Strike  75100  has a total call value of 4,345,400,000  versus a total put value of  141,874,600,000. Combined total value = 146,220,000,000

Strike  75200  has a total call value of 5,129,000,000  versus a total put value of  137,884,400,000. Combined total value = 143,013,400,000

Strike  75300  has a total call value of 5,935,000,000  versus a total put value of  133,970,800,000. Combined total value = 139,905,800,000

Strike  75400  has a total call value of 6,767,200,000  versus a total put value of  130,089,200,000. Combined total value = 136,856,400,000

Strike  75500  has a total call value of 7,623,800,000  versus a total put value of  126,241,600,000. Combined total value = 133,865,400,000

Strike  75600  has a total call value of 8,759,800,000  versus a total put value of  122,678,800,000. Combined total value = 131,438,600,000

Strike  75700  has a total call value of 9,926,200,000  versus a total put value of  119,141,000,000. Combined total value = 129,067,200,000

Strike  75800  has a total call value of 11,112,200,000  versus a total put value of  115,631,000,000. Combined total value = 126,743,200,000

Strike  75900  has a total call value of 12,322,600,000  versus a total put value of  112,145,000,000. Combined total value = 124,467,600,000

Strike  76000  has a total call value of 13,548,200,000  versus a total put value of  108,691,800,000. Combined total value = 122,240,000,000

Strike  76100  has a total call value of 15,089,200,000  versus a total put value of  105,454,200,000. Combined total value = 120,543,400,000

Strike  76200  has a total call value of 16,641,000,000  versus a total put value of  102,245,400,000. Combined total value = 118,886,400,000

Strike  76300  has a total call value of 18,198,800,000  versus a total put value of  99,051,200,000. Combined total value = 117,250,000,000

Strike  76400  has a total call value of 19,782,200,000  versus a total put value of  95,874,800,000. Combined total value = 115,657,000,000

Strike  76500  has a total call value of 21,403,800,000  versus a total put value of  92,716,000,000. Combined total value = 114,119,800,000

Strike  76600  has a total call value of 23,183,800,000  versus a total put value of  89,601,200,000. Combined total value = 112,785,000,000

Strike  76700  has a total call value of 24,981,800,000  versus a total put value of  86,503,200,000. Combined total value = 111,485,000,000

Strike  76800  has a total call value of 26,789,800,000  versus a total put value of  83,426,800,000. Combined total value = 110,216,600,000

Strike  76900  has a total call value of 28,616,200,000  versus a total put value of  80,376,000,000. Combined total value = 108,992,200,000

Strike  77000  has a total call value of 30,464,800,000  versus a total put value of  77,335,000,000. Combined total value = 107,799,800,000

Strike  77100  has a total call value of 33,379,400,000  versus a total put value of  75,116,600,000. Combined total value = 108,496,000,000

Strike  77200  has a total call value of 36,302,000,000  versus a total put value of  72,909,400,000. Combined total value = 109,211,400,000

Strike  77300  has a total call value of 39,235,000,000  versus a total put value of  70,714,200,000. Combined total value = 109,949,200,000

Strike  77400  has a total call value of 42,189,000,000  versus a total put value of  68,538,000,000. Combined total value = 110,727,000,000

Strike  77500  has a total call value of 45,165,600,000  versus a total put value of  66,381,200,000. Combined total value = 111,546,800,000

Strike  77600  has a total call value of 48,433,800,000  versus a total put value of  64,354,800,000. Combined total value = 112,788,600,000

Strike  77700  has a total call value of 51,714,200,000  versus a total put value of  62,345,800,000. Combined total value = 114,060,000,000

Strike  77800  has a total call value of 55,024,800,000  versus a total put value of  60,341,200,000. Combined total value = 115,366,000,000

Strike  77900  has a total call value of 58,347,000,000  versus a total put value of  58,344,000,000. Combined total value = 116,691,000,000

Strike  78000  has a total call value of 61,673,000,000  versus a total put value of  56,358,600,000. Combined total value = 118,031,600,000

Strike  78100  has a total call value of 66,408,400,000  versus a total put value of  55,531,800,000. Combined total value = 121,940,200,000

Strike  78200  has a total call value of 71,162,800,000  versus a total put value of  54,705,600,000. Combined total value = 125,868,400,000

Strike  78300  has a total call value of 75,925,200,000  versus a total put value of  53,882,800,000. Combined total value = 129,808,000,000

Strike  78400  has a total call value of 80,694,000,000  versus a total put value of  53,063,200,000. Combined total value = 133,757,200,000

Strike  78500  has a total call value of 85,464,000,000  versus a total put value of  52,255,200,000. Combined total value = 137,719,200,000

Strike  78600  has a total call value of 90,835,400,000  versus a total put value of  51,544,800,000. Combined total value = 142,380,200,000

Strike  78700  has a total call value of 96,220,200,000  versus a total put value of  50,836,400,000. Combined total value = 147,056,600,000

Strike  78800  has a total call value of 101,608,800,000  versus a total put value of  50,129,600,000. Combined total value = 151,738,400,000

Strike  78900  has a total call value of 107,014,400,000  versus a total put value of  49,425,200,000. Combined total value = 156,439,600,000

Strike  79000  has a total call value of 112,427,400,000  versus a total put value of  48,728,200,000. Combined total value = 161,155,600,000

Strike  79100  has a total call value of 118,238,400,000  versus a total put value of  48,083,800,000. Combined total value = 166,322,200,000

Strike  79200  has a total call value of 124,064,200,000  versus a total put value of  47,441,200,000. Combined total value = 171,505,400,000

Strike  79300  has a total call value of 129,909,600,000  versus a total put value of  46,800,800,000. Combined total value = 176,710,400,000

Strike  79400  has a total call value of 135,786,400,000  versus a total put value of  46,160,400,000. Combined total value = 181,946,800,000

Strike  79500  has a total call value of 141,674,200,000  versus a total put value of  45,520,000,000. Combined total value = 187,194,200,000

Strike  79600  has a total call value of 147,639,800,000  versus a total put value of  44,892,400,000. Combined total value = 192,532,200,000

Strike  79700  has a total call value of 153,613,800,000  versus a total put value of  44,264,800,000. Combined total value = 197,878,600,000

Strike  79800  has a total call value of 159,591,800,000  versus a total put value of  43,637,200,000. Combined total value = 203,229,000,000

Strike  79900  has a total call value of 165,572,600,000  versus a total put value of  43,009,600,000. Combined total value = 208,582,200,000

Strike  80000  has a total call value of 171,559,600,000  versus a total put value of  42,382,000,000. Combined total value = 213,941,600,000

Strike  80100  has a total call value of 178,862,600,000  versus a total put value of  41,775,400,000. Combined total value = 220,638,000,000

Strike  80200  has a total call value of 186,167,400,000  versus a total put value of  41,168,800,000. Combined total value = 227,336,200,000

Strike  80300  has a total call value of 193,472,600,000  versus a total put value of  40,562,200,000. Combined total value = 234,034,800,000

Strike  80400  has a total call value of 200,778,600,000  versus a total put value of  39,955,600,000. Combined total value = 240,734,200,000

Strike  80500  has a total call value of 208,085,000,000  versus a total put value of  39,349,000,000. Combined total value = 247,434,000,000

Strike  80600  has a total call value of 215,435,600,000  versus a total put value of  38,742,400,000. Combined total value = 254,178,000,000

Strike  80700  has a total call value of 222,786,800,000  versus a total put value of  38,135,800,000. Combined total value = 260,922,600,000

Strike  80800  has a total call value of 230,138,800,000  versus a total put value of  37,529,200,000. Combined total value = 267,668,000,000

Strike  80900  has a total call value of 237,491,600,000  versus a total put value of  36,922,600,000. Combined total value = 274,414,200,000

Strike  81000  has a total call value of 244,844,800,000  versus a total put value of  36,316,000,000. Combined total value = 281,160,800,000

Strike  81100  has a total call value of 252,460,200,000  versus a total put value of  35,709,400,000. Combined total value = 288,169,600,000

Strike  81200  has a total call value of 260,076,400,000  versus a total put value of  35,102,800,000. Combined total value = 295,179,200,000

Strike  81300  has a total call value of 267,693,400,000  versus a total put value of  34,496,200,000. Combined total value = 302,189,600,000

Strike  81400  has a total call value of 275,311,600,000  versus a total put value of  33,889,600,000. Combined total value = 309,201,200,000

Strike  81500  has a total call value of 282,930,400,000  versus a total put value of  33,283,000,000. Combined total value = 316,213,400,000

Strike  81600  has a total call value of 290,564,200,000  versus a total put value of  32,676,400,000. Combined total value = 323,240,600,000

Strike  81700  has a total call value of 298,198,600,000  versus a total put value of  32,069,800,000. Combined total value = 330,268,400,000

Strike  81800  has a total call value of 305,833,600,000  versus a total put value of  31,463,200,000. Combined total value = 337,296,800,000

Strike  81900  has a total call value of 313,469,200,000  versus a total put value of  30,856,600,000. Combined total value = 344,325,800,000

Strike  82000  has a total call value of 321,105,400,000  versus a total put value of  30,250,000,000. Combined total value = 351,355,400,000

Strike  82100  has a total call value of 328,986,200,000  versus a total put value of  29,643,400,000. Combined total value = 358,629,600,000

Strike  82200  has a total call value of 336,867,400,000  versus a total put value of  29,036,800,000. Combined total value = 365,904,200,000

Strike  82300  has a total call value of 344,749,000,000  versus a total put value of  28,430,200,000. Combined total value = 373,179,200,000

Strike  82400  has a total call value of 352,631,000,000  versus a total put value of  27,823,600,000. Combined total value = 380,454,600,000

Strike  82500  has a total call value of 360,517,600,000  versus a total put value of  27,217,000,000. Combined total value = 387,734,600,000

Strike  82600  has a total call value of 368,409,000,000  versus a total put value of  26,610,400,000. Combined total value = 395,019,400,000

Strike  82700  has a total call value of 376,300,800,000  versus a total put value of  26,003,800,000. Combined total value = 402,304,600,000

Strike  82800  has a total call value of 384,193,000,000  versus a total put value of  25,397,200,000. Combined total value = 409,590,200,000

Strike  82900  has a total call value of 392,085,200,000  versus a total put value of  24,790,600,000. Combined total value = 416,875,800,000

Strike  83000  has a total call value of 399,978,000,000  versus a total put value of  24,184,000,000. Combined total value = 424,162,000,000

Strike  83100  has a total call value of 408,077,000,000  versus a total put value of  23,577,400,000. Combined total value = 431,654,400,000

Strike  83200  has a total call value of 416,176,400,000  versus a total put value of  22,970,800,000. Combined total value = 439,147,200,000

Strike  83300  has a total call value of 424,276,000,000  versus a total put value of  22,364,200,000. Combined total value = 446,640,200,000

Strike  83400  has a total call value of 432,376,200,000  versus a total put value of  21,757,600,000. Combined total value = 454,133,800,000

Strike  83500  has a total call value of 440,476,800,000  versus a total put value of  21,151,000,000. Combined total value = 461,627,800,000

Strike  83600  has a total call value of 448,577,400,000  versus a total put value of  20,544,400,000. Combined total value = 469,121,800,000

Strike  83700  has a total call value of 456,678,600,000  versus a total put value of  19,937,800,000. Combined total value = 476,616,400,000

Strike  83800  has a total call value of 464,780,000,000  versus a total put value of  19,331,200,000. Combined total value = 484,111,200,000

Strike  83900  has a total call value of 472,881,600,000  versus a total put value of  18,724,600,000. Combined total value = 491,606,200,000

Strike  84000  has a total call value of 480,983,800,000  versus a total put value of  18,118,000,000. Combined total value = 499,101,800,000

Strike  84100  has a total call value of 489,158,400,000  versus a total put value of  17,511,400,000. Combined total value = 506,669,800,000

Strike  84200  has a total call value of 497,333,000,000  versus a total put value of  16,904,800,000. Combined total value = 514,237,800,000

Strike  84300  has a total call value of 505,507,600,000  versus a total put value of  16,298,200,000. Combined total value = 521,805,800,000

Strike  84400  has a total call value of 513,682,200,000  versus a total put value of  15,691,600,000. Combined total value = 529,373,800,000

Strike  84500  has a total call value of 521,859,000,000  versus a total put value of  15,085,000,000. Combined total value = 536,944,000,000

Strike  84600  has a total call value of 530,037,600,000  versus a total put value of  14,478,400,000. Combined total value = 544,516,000,000

Strike  84700  has a total call value of 538,216,600,000  versus a total put value of  13,871,800,000. Combined total value = 552,088,400,000

Strike  84800  has a total call value of 546,397,600,000  versus a total put value of  13,265,200,000. Combined total value = 559,662,800,000

Strike  84900  has a total call value of 554,578,600,000  versus a total put value of  12,658,600,000. Combined total value = 567,237,200,000

Strike  85000  has a total call value of 562,759,600,000  versus a total put value of  12,052,000,000. Combined total value = 574,811,600,000

Strike  85100  has a total call value of 571,147,200,000  versus a total put value of  11,449,400,000. Combined total value = 582,596,600,000

Strike  85200  has a total call value of 579,535,000,000  versus a total put value of  10,846,800,000. Combined total value = 590,381,800,000

Strike  85300  has a total call value of 587,922,800,000  versus a total put value of  10,244,200,000. Combined total value = 598,167,000,000

Strike  85400  has a total call value of 596,310,600,000  versus a total put value of  9,641,600,000. Combined total value = 605,952,200,000

Strike  85500  has a total call value of 604,701,400,000  versus a total put value of  9,039,000,000. Combined total value = 613,740,400,000

Strike  85600  has a total call value of 613,092,600,000  versus a total put value of  8,436,400,000. Combined total value = 621,529,000,000

Strike  85700  has a total call value of 621,483,800,000  versus a total put value of  7,833,800,000. Combined total value = 629,317,600,000

Strike  85800  has a total call value of 629,875,000,000  versus a total put value of  7,231,200,000. Combined total value = 637,106,200,000

Strike  85900  has a total call value of 638,266,200,000  versus a total put value of  6,628,600,000. Combined total value = 644,894,800,000

Strike  86000  has a total call value of 646,657,800,000  versus a total put value of  6,026,000,000. Combined total value = 652,683,800,000

Strike  86100  has a total call value of 655,049,400,000  versus a total put value of  5,423,400,000. Combined total value = 660,472,800,000

Strike  86200  has a total call value of 663,441,000,000  versus a total put value of  4,820,800,000. Combined total value = 668,261,800,000

Strike  86300  has a total call value of 671,834,800,000  versus a total put value of  4,218,200,000. Combined total value = 676,053,000,000

Strike  86400  has a total call value of 680,228,600,000  versus a total put value of  3,615,600,000. Combined total value = 683,844,200,000

Strike  86500  has a total call value of 688,622,400,000  versus a total put value of  3,013,000,000. Combined total value = 691,635,400,000

Strike  86600  has a total call value of 697,016,400,000  versus a total put value of  2,410,400,000. Combined total value = 699,426,800,000

Strike  86700  has a total call value of 705,412,000,000  versus a total put value of  1,807,800,000. Combined total value = 707,219,800,000

Strike  86800  has a total call value of 713,807,800,000  versus a total put value of  1,205,200,000. Combined total value = 715,013,000,000

Strike  86900  has a total call value of 722,261,600,000  versus a total put value of  602,600,000. Combined total value = 722,864,200,000

Strike  87000  has a total call value of 730,715,400,000  versus a total put value of  0. Combined total value = 730,715,400,000

Strike  87100  has a total call value of 739,169,600,000  versus a total put value of  0. Combined total value = 739,169,600,000

Strike  87200  has a total call value of 747,623,800,000  versus a total put value of  0. Combined total value = 747,623,800,000

Strike  87300  has a total call value of 756,078,000,000  versus a total put value of  0. Combined total value = 756,078,000,000

Strike  87400  has a total call value of 764,532,200,000  versus a total put value of  0. Combined total value = 764,532,200,000

Strike  87500  has a total call value of 772,986,600,000  versus a total put value of  0. Combined total value = 772,986,600,000

Strike  87600  has a total call value of 781,441,000,000  versus a total put value of  0. Combined total value = 781,441,000,000

Strike  87700  has a total call value of 789,895,400,000  versus a total put value of  0. Combined total value = 789,895,400,000

Strike  87800  has a total call value of 798,351,000,000  versus a total put value of  0. Combined total value = 798,351,000,000

Strike  87900  has a total call value of 806,807,800,000  versus a total put value of  0. Combined total value = 806,807,800,000

Strike  88000  has a total call value of 815,265,800,000  versus a total put value of  0. Combined total value = 815,265,800,000

Strike  88100  has a total call value of 823,739,400,000  versus a total put value of  0. Combined total value = 823,739,400,000

Strike  88200  has a total call value of 832,214,600,000  versus a total put value of  0. Combined total value = 832,214,600,000

Strike  88300  has a total call value of 840,691,000,000  versus a total put value of  0. Combined total value = 840,691,000,000

Strike  88400  has a total call value of 849,168,600,000  versus a total put value of  0. Combined total value = 849,168,600,000

Strike  88500  has a total call value of 857,647,400,000  versus a total put value of  0. Combined total value = 857,647,400,000

Strike  88600  has a total call value of 866,126,600,000  versus a total put value of  0. Combined total value = 866,126,600,000

Strike  88700  has a total call value of 874,607,000,000  versus a total put value of  0. Combined total value = 874,607,000,000

Strike  88800  has a total call value of 883,088,400,000  versus a total put value of  0. Combined total value = 883,088,400,000

Strike  88900  has a total call value of 891,570,800,000  versus a total put value of  0. Combined total value = 891,570,800,000

Strike  89000  has a total call value of 900,054,200,000  versus a total put value of  0. Combined total value = 900,054,200,000

Strike  89100  has a total call value of 908,548,800,000  versus a total put value of  0. Combined total value = 908,548,800,000

Strike  89200  has a total call value of 917,044,600,000  versus a total put value of  0. Combined total value = 917,044,600,000

Strike  89300  has a total call value of 925,541,800,000  versus a total put value of  0. Combined total value = 925,541,800,000

Strike  89400  has a total call value of 934,040,400,000  versus a total put value of  0. Combined total value = 934,040,400,000

Strike  89500  has a total call value of 942,540,600,000  versus a total put value of  0. Combined total value = 942,540,600,000

Strike  89600  has a total call value of 951,042,400,000  versus a total put value of  0. Combined total value = 951,042,400,000

Strike  89700  has a total call value of 959,544,600,000  versus a total put value of  0. Combined total value = 959,544,600,000

Strike  89800  has a total call value of 968,048,200,000  versus a total put value of  0. Combined total value = 968,048,200,000

Strike  89900  has a total call value of 976,553,200,000  versus a total put value of  0. Combined total value = 976,553,200,000

Strike  90000  has a total call value of 985,059,600,000  versus a total put value of  0. Combined total value = 985,059,600,000

Strike  90100  has a total call value of 993,566,800,000  versus a total put value of  0. Combined total value = 993,566,800,000

Strike  90200  has a total call value of 1,002,075,400,000  versus a total put value of  0. Combined total value = 1,002,075,400,000

Strike  90300  has a total call value of 1,010,585,600,000  versus a total put value of  0. Combined total value = 1,010,585,600,000

Strike  90400  has a total call value of 1,019,097,000,000  versus a total put value of  0. Combined total value = 1,019,097,000,000

Strike  90500  has a total call value of 1,027,613,400,000  versus a total put value of  0. Combined total value = 1,027,613,400,000

Strike  90600  has a total call value of 1,036,130,400,000  versus a total put value of  0. Combined total value = 1,036,130,400,000

Strike  90700  has a total call value of 1,044,648,600,000  versus a total put value of  0. Combined total value = 1,044,648,600,000

Strike  90800  has a total call value of 1,053,168,000,000  versus a total put value of  0. Combined total value = 1,053,168,000,000

Strike  90900  has a total call value of 1,061,688,200,000  versus a total put value of  0. Combined total value = 1,061,688,200,000

Strike  91000  has a total call value of 1,070,209,600,000  versus a total put value of  0. Combined total value = 1,070,209,600,000

Strike  91100  has a total call value of 1,078,732,000,000  versus a total put value of  0. Combined total value = 1,078,732,000,000

Strike  91200  has a total call value of 1,087,256,400,000  versus a total put value of  0. Combined total value = 1,087,256,400,000

Strike  91300  has a total call value of 1,095,782,400,000  versus a total put value of  0. Combined total value = 1,095,782,400,000

Strike  91400  has a total call value of 1,104,309,800,000  versus a total put value of  0. Combined total value = 1,104,309,800,000

Strike  91500  has a total call value of 1,112,838,200,000  versus a total put value of  0. Combined total value = 1,112,838,200,000

Strike  91600  has a total call value of 1,121,367,800,000  versus a total put value of  0. Combined total value = 1,121,367,800,000

Strike  91700  has a total call value of 1,129,898,200,000  versus a total put value of  0. Combined total value = 1,129,898,200,000

Max-Pain Table for Index
LTP > Max Pain Bearish
LTP < Max Pain Bullish
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.