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SENSEX50

Sensex 50
24932.48 -376.89 (-1.49%)
L: 24917.81 H: 25121.01
Max Pain
11 May 2026 04:09 PM IST
Market Closed
Quick Help
Max-Pain
78,000
DFC
7D Avg
Reliability
14D Avg
Reliability
21D Avg
Reliability
Max Pain for SENSEX50 is 78000


Strike  67000  has a total call value of 0  versus a total put value of  481,704,800,000. Combined total value = 481,704,800,000

Strike  67100  has a total call value of 0  versus a total put value of  477,461,200,000. Combined total value = 477,461,200,000

Strike  67200  has a total call value of 0  versus a total put value of  473,217,600,000. Combined total value = 473,217,600,000

Strike  67300  has a total call value of 0  versus a total put value of  468,974,000,000. Combined total value = 468,974,000,000

Strike  67400  has a total call value of 0  versus a total put value of  464,730,400,000. Combined total value = 464,730,400,000

Strike  67500  has a total call value of 0  versus a total put value of  460,486,800,000. Combined total value = 460,486,800,000

Strike  67600  has a total call value of 0  versus a total put value of  456,243,200,000. Combined total value = 456,243,200,000

Strike  67700  has a total call value of 0  versus a total put value of  451,999,600,000. Combined total value = 451,999,600,000

Strike  67800  has a total call value of 0  versus a total put value of  447,756,000,000. Combined total value = 447,756,000,000

Strike  67900  has a total call value of 0  versus a total put value of  443,512,400,000. Combined total value = 443,512,400,000

Strike  68000  has a total call value of 0  versus a total put value of  439,268,800,000. Combined total value = 439,268,800,000

Strike  68100  has a total call value of 0  versus a total put value of  435,025,200,000. Combined total value = 435,025,200,000

Strike  68200  has a total call value of 0  versus a total put value of  430,781,600,000. Combined total value = 430,781,600,000

Strike  68300  has a total call value of 0  versus a total put value of  426,538,000,000. Combined total value = 426,538,000,000

Strike  68400  has a total call value of 0  versus a total put value of  422,294,400,000. Combined total value = 422,294,400,000

Strike  68500  has a total call value of 0  versus a total put value of  418,050,800,000. Combined total value = 418,050,800,000

Strike  68600  has a total call value of 0  versus a total put value of  413,816,200,000. Combined total value = 413,816,200,000

Strike  68700  has a total call value of 0  versus a total put value of  409,581,600,000. Combined total value = 409,581,600,000

Strike  68800  has a total call value of 0  versus a total put value of  405,347,000,000. Combined total value = 405,347,000,000

Strike  68900  has a total call value of 0  versus a total put value of  401,112,400,000. Combined total value = 401,112,400,000

Strike  69000  has a total call value of 0  versus a total put value of  396,877,800,000. Combined total value = 396,877,800,000

Strike  69100  has a total call value of 0  versus a total put value of  392,643,800,000. Combined total value = 392,643,800,000

Strike  69200  has a total call value of 0  versus a total put value of  388,409,800,000. Combined total value = 388,409,800,000

Strike  69300  has a total call value of 0  versus a total put value of  384,175,800,000. Combined total value = 384,175,800,000

Strike  69400  has a total call value of 0  versus a total put value of  379,941,800,000. Combined total value = 379,941,800,000

Strike  69500  has a total call value of 0  versus a total put value of  375,707,800,000. Combined total value = 375,707,800,000

Strike  69600  has a total call value of 0  versus a total put value of  371,473,800,000. Combined total value = 371,473,800,000

Strike  69700  has a total call value of 0  versus a total put value of  367,239,800,000. Combined total value = 367,239,800,000

Strike  69800  has a total call value of 0  versus a total put value of  363,005,800,000. Combined total value = 363,005,800,000

Strike  69900  has a total call value of 0  versus a total put value of  358,771,800,000. Combined total value = 358,771,800,000

Strike  70000  has a total call value of 0  versus a total put value of  354,537,800,000. Combined total value = 354,537,800,000

Strike  70100  has a total call value of 21,200,000  versus a total put value of  350,385,600,000. Combined total value = 350,406,800,000

Strike  70200  has a total call value of 42,400,000  versus a total put value of  346,233,400,000. Combined total value = 346,275,800,000

Strike  70300  has a total call value of 63,600,000  versus a total put value of  342,081,200,000. Combined total value = 342,144,800,000

Strike  70400  has a total call value of 84,800,000  versus a total put value of  337,929,000,000. Combined total value = 338,013,800,000

Strike  70500  has a total call value of 106,000,000  versus a total put value of  333,777,200,000. Combined total value = 333,883,200,000

Strike  70600  has a total call value of 127,200,000  versus a total put value of  329,625,400,000. Combined total value = 329,752,600,000

Strike  70700  has a total call value of 148,400,000  versus a total put value of  325,473,600,000. Combined total value = 325,622,000,000

Strike  70800  has a total call value of 169,600,000  versus a total put value of  321,321,800,000. Combined total value = 321,491,400,000

Strike  70900  has a total call value of 190,800,000  versus a total put value of  317,170,000,000. Combined total value = 317,360,800,000

Strike  71000  has a total call value of 212,000,000  versus a total put value of  313,018,200,000. Combined total value = 313,230,200,000

Strike  71100  has a total call value of 238,800,000  versus a total put value of  308,880,200,000. Combined total value = 309,119,000,000

Strike  71200  has a total call value of 265,600,000  versus a total put value of  304,742,200,000. Combined total value = 305,007,800,000

Strike  71300  has a total call value of 292,400,000  versus a total put value of  300,604,400,000. Combined total value = 300,896,800,000

Strike  71400  has a total call value of 319,200,000  versus a total put value of  296,466,600,000. Combined total value = 296,785,800,000

Strike  71500  has a total call value of 346,000,000  versus a total put value of  292,328,800,000. Combined total value = 292,674,800,000

Strike  71600  has a total call value of 372,800,000  versus a total put value of  288,191,000,000. Combined total value = 288,563,800,000

Strike  71700  has a total call value of 399,600,000  versus a total put value of  284,053,200,000. Combined total value = 284,452,800,000

Strike  71800  has a total call value of 426,400,000  versus a total put value of  279,915,400,000. Combined total value = 280,341,800,000

Strike  71900  has a total call value of 453,200,000  versus a total put value of  275,777,600,000. Combined total value = 276,230,800,000

Strike  72000  has a total call value of 480,000,000  versus a total put value of  271,639,800,000. Combined total value = 272,119,800,000

Strike  72100  has a total call value of 507,400,000  versus a total put value of  267,605,600,000. Combined total value = 268,113,000,000

Strike  72200  has a total call value of 534,800,000  versus a total put value of  263,571,400,000. Combined total value = 264,106,200,000

Strike  72300  has a total call value of 562,200,000  versus a total put value of  259,537,200,000. Combined total value = 260,099,400,000

Strike  72400  has a total call value of 589,600,000  versus a total put value of  255,503,000,000. Combined total value = 256,092,600,000

Strike  72500  has a total call value of 617,000,000  versus a total put value of  251,468,800,000. Combined total value = 252,085,800,000

Strike  72600  has a total call value of 644,400,000  versus a total put value of  247,440,600,000. Combined total value = 248,085,000,000

Strike  72700  has a total call value of 671,800,000  versus a total put value of  243,412,400,000. Combined total value = 244,084,200,000

Strike  72800  has a total call value of 699,200,000  versus a total put value of  239,384,200,000. Combined total value = 240,083,400,000

Strike  72900  has a total call value of 726,600,000  versus a total put value of  235,356,000,000. Combined total value = 236,082,600,000

Strike  73000  has a total call value of 754,000,000  versus a total put value of  231,327,800,000. Combined total value = 232,081,800,000

Strike  73100  has a total call value of 781,400,000  versus a total put value of  227,403,000,000. Combined total value = 228,184,400,000

Strike  73200  has a total call value of 808,800,000  versus a total put value of  223,478,200,000. Combined total value = 224,287,000,000

Strike  73300  has a total call value of 836,200,000  versus a total put value of  219,553,400,000. Combined total value = 220,389,600,000

Strike  73400  has a total call value of 863,600,000  versus a total put value of  215,628,600,000. Combined total value = 216,492,200,000

Strike  73500  has a total call value of 891,000,000  versus a total put value of  211,703,800,000. Combined total value = 212,594,800,000

Strike  73600  has a total call value of 918,400,000  versus a total put value of  207,823,600,000. Combined total value = 208,742,000,000

Strike  73700  has a total call value of 945,800,000  versus a total put value of  203,943,400,000. Combined total value = 204,889,200,000

Strike  73800  has a total call value of 973,200,000  versus a total put value of  200,063,200,000. Combined total value = 201,036,400,000

Strike  73900  has a total call value of 1,000,600,000  versus a total put value of  196,183,000,000. Combined total value = 197,183,600,000

Strike  74000  has a total call value of 1,028,000,000  versus a total put value of  192,302,800,000. Combined total value = 193,330,800,000

Strike  74100  has a total call value of 1,110,000,000  versus a total put value of  188,504,800,000. Combined total value = 189,614,800,000

Strike  74200  has a total call value of 1,192,000,000  versus a total put value of  184,708,600,000. Combined total value = 185,900,600,000

Strike  74300  has a total call value of 1,274,000,000  versus a total put value of  180,914,400,000. Combined total value = 182,188,400,000

Strike  74400  has a total call value of 1,356,000,000  versus a total put value of  177,120,200,000. Combined total value = 178,476,200,000

Strike  74500  has a total call value of 1,438,000,000  versus a total put value of  173,326,000,000. Combined total value = 174,764,000,000

Strike  74600  has a total call value of 1,520,000,000  versus a total put value of  169,564,600,000. Combined total value = 171,084,600,000

Strike  74700  has a total call value of 1,602,000,000  versus a total put value of  165,809,800,000. Combined total value = 167,411,800,000

Strike  74800  has a total call value of 1,684,000,000  versus a total put value of  162,062,600,000. Combined total value = 163,746,600,000

Strike  74900  has a total call value of 1,766,000,000  versus a total put value of  158,319,600,000. Combined total value = 160,085,600,000

Strike  75000  has a total call value of 1,848,000,000  versus a total put value of  154,581,200,000. Combined total value = 156,429,200,000

Strike  75100  has a total call value of 1,930,200,000  versus a total put value of  150,956,800,000. Combined total value = 152,887,000,000

Strike  75200  has a total call value of 2,012,400,000  versus a total put value of  147,332,800,000. Combined total value = 149,345,200,000

Strike  75300  has a total call value of 2,094,600,000  versus a total put value of  143,711,200,000. Combined total value = 145,805,800,000

Strike  75400  has a total call value of 2,176,800,000  versus a total put value of  140,091,800,000. Combined total value = 142,268,600,000

Strike  75500  has a total call value of 2,259,000,000  versus a total put value of  136,474,400,000. Combined total value = 138,733,400,000

Strike  75600  has a total call value of 2,351,800,000  versus a total put value of  132,899,000,000. Combined total value = 135,250,800,000

Strike  75700  has a total call value of 2,444,600,000  versus a total put value of  129,328,000,000. Combined total value = 131,772,600,000

Strike  75800  has a total call value of 2,537,400,000  versus a total put value of  125,765,800,000. Combined total value = 128,303,200,000

Strike  75900  has a total call value of 2,631,600,000  versus a total put value of  122,205,800,000. Combined total value = 124,837,400,000

Strike  76000  has a total call value of 2,729,200,000  versus a total put value of  118,649,200,000. Combined total value = 121,378,400,000

Strike  76100  has a total call value of 2,983,400,000  versus a total put value of  115,286,400,000. Combined total value = 118,269,800,000

Strike  76200  has a total call value of 3,242,200,000  versus a total put value of  111,926,000,000. Combined total value = 115,168,200,000

Strike  76300  has a total call value of 3,502,800,000  versus a total put value of  108,569,000,000. Combined total value = 112,071,800,000

Strike  76400  has a total call value of 3,766,800,000  versus a total put value of  105,240,800,000. Combined total value = 109,007,600,000

Strike  76500  has a total call value of 4,036,400,000  versus a total put value of  101,915,800,000. Combined total value = 105,952,200,000

Strike  76600  has a total call value of 4,373,200,000  versus a total put value of  98,666,800,000. Combined total value = 103,040,000,000

Strike  76700  has a total call value of 4,716,600,000  versus a total put value of  95,423,200,000. Combined total value = 100,139,800,000

Strike  76800  has a total call value of 5,068,600,000  versus a total put value of  92,198,400,000. Combined total value = 97,267,000,000

Strike  76900  has a total call value of 5,426,200,000  versus a total put value of  88,988,200,000. Combined total value = 94,414,400,000

Strike  77000  has a total call value of 5,791,600,000  versus a total put value of  85,781,800,000. Combined total value = 91,573,400,000

Strike  77100  has a total call value of 7,018,800,000  versus a total put value of  83,402,400,000. Combined total value = 90,421,200,000

Strike  77200  has a total call value of 8,250,400,000  versus a total put value of  81,035,200,000. Combined total value = 89,285,600,000

Strike  77300  has a total call value of 9,488,000,000  versus a total put value of  78,688,600,000. Combined total value = 88,176,600,000

Strike  77400  has a total call value of 10,747,400,000  versus a total put value of  76,364,000,000. Combined total value = 87,111,400,000

Strike  77500  has a total call value of 12,030,600,000  versus a total put value of  74,062,000,000. Combined total value = 86,092,600,000

Strike  77600  has a total call value of 13,502,800,000  versus a total put value of  71,893,800,000. Combined total value = 85,396,600,000

Strike  77700  has a total call value of 14,994,400,000  versus a total put value of  69,749,800,000. Combined total value = 84,744,200,000

Strike  77800  has a total call value of 16,506,400,000  versus a total put value of  67,630,400,000. Combined total value = 84,136,800,000

Strike  77900  has a total call value of 18,040,400,000  versus a total put value of  65,528,200,000. Combined total value = 83,568,600,000

Strike  78000  has a total call value of 19,587,400,000  versus a total put value of  63,443,400,000. Combined total value = 83,030,800,000

Strike  78100  has a total call value of 22,410,200,000  versus a total put value of  62,527,800,000. Combined total value = 84,938,000,000

Strike  78200  has a total call value of 25,245,400,000  versus a total put value of  61,612,600,000. Combined total value = 86,858,000,000

Strike  78300  has a total call value of 28,097,200,000  versus a total put value of  60,700,800,000. Combined total value = 88,798,000,000

Strike  78400  has a total call value of 30,965,000,000  versus a total put value of  59,792,400,000. Combined total value = 90,757,400,000

Strike  78500  has a total call value of 33,833,800,000  versus a total put value of  58,896,000,000. Combined total value = 92,729,800,000

Strike  78600  has a total call value of 36,966,400,000  versus a total put value of  58,099,000,000. Combined total value = 95,065,400,000

Strike  78700  has a total call value of 40,107,400,000  versus a total put value of  57,304,000,000. Combined total value = 97,411,400,000

Strike  78800  has a total call value of 43,257,800,000  versus a total put value of  56,510,600,000. Combined total value = 99,768,400,000

Strike  78900  has a total call value of 46,420,000,000  versus a total put value of  55,719,800,000. Combined total value = 102,139,800,000

Strike  79000  has a total call value of 49,591,400,000  versus a total put value of  54,939,200,000. Combined total value = 104,530,600,000

Strike  79100  has a total call value of 52,909,200,000  versus a total put value of  54,211,200,000. Combined total value = 107,120,400,000

Strike  79200  has a total call value of 56,235,800,000  versus a total put value of  53,485,000,000. Combined total value = 109,720,800,000

Strike  79300  has a total call value of 59,571,200,000  versus a total put value of  52,761,000,000. Combined total value = 112,332,200,000

Strike  79400  has a total call value of 62,914,800,000  versus a total put value of  52,037,000,000. Combined total value = 114,951,800,000

Strike  79500  has a total call value of 66,267,400,000  versus a total put value of  51,313,000,000. Combined total value = 117,580,400,000

Strike  79600  has a total call value of 69,701,200,000  versus a total put value of  50,604,800,000. Combined total value = 120,306,000,000

Strike  79700  has a total call value of 73,148,800,000  versus a total put value of  49,896,600,000. Combined total value = 123,045,400,000

Strike  79800  has a total call value of 76,603,600,000  versus a total put value of  49,188,400,000. Combined total value = 125,792,000,000

Strike  79900  has a total call value of 80,066,200,000  versus a total put value of  48,480,200,000. Combined total value = 128,546,400,000

Strike  80000  has a total call value of 83,536,800,000  versus a total put value of  47,772,000,000. Combined total value = 131,308,800,000

Strike  80100  has a total call value of 87,900,600,000  versus a total put value of  47,088,400,000. Combined total value = 134,989,000,000

Strike  80200  has a total call value of 92,265,800,000  versus a total put value of  46,404,800,000. Combined total value = 138,670,600,000

Strike  80300  has a total call value of 96,631,600,000  versus a total put value of  45,721,200,000. Combined total value = 142,352,800,000

Strike  80400  has a total call value of 100,998,200,000  versus a total put value of  45,037,600,000. Combined total value = 146,035,800,000

Strike  80500  has a total call value of 105,365,400,000  versus a total put value of  44,354,000,000. Combined total value = 149,719,400,000

Strike  80600  has a total call value of 109,808,200,000  versus a total put value of  43,670,400,000. Combined total value = 153,478,600,000

Strike  80700  has a total call value of 114,251,800,000  versus a total put value of  42,986,800,000. Combined total value = 157,238,600,000

Strike  80800  has a total call value of 118,696,400,000  versus a total put value of  42,303,200,000. Combined total value = 160,999,600,000

Strike  80900  has a total call value of 123,142,400,000  versus a total put value of  41,619,600,000. Combined total value = 164,762,000,000

Strike  81000  has a total call value of 127,589,200,000  versus a total put value of  40,936,000,000. Combined total value = 168,525,200,000

Strike  81100  has a total call value of 132,190,600,000  versus a total put value of  40,252,400,000. Combined total value = 172,443,000,000

Strike  81200  has a total call value of 136,792,800,000  versus a total put value of  39,568,800,000. Combined total value = 176,361,600,000

Strike  81300  has a total call value of 141,396,200,000  versus a total put value of  38,885,200,000. Combined total value = 180,281,400,000

Strike  81400  has a total call value of 146,001,200,000  versus a total put value of  38,201,600,000. Combined total value = 184,202,800,000

Strike  81500  has a total call value of 150,607,200,000  versus a total put value of  37,518,000,000. Combined total value = 188,125,200,000

Strike  81600  has a total call value of 155,237,800,000  versus a total put value of  36,834,400,000. Combined total value = 192,072,200,000

Strike  81700  has a total call value of 159,869,400,000  versus a total put value of  36,150,800,000. Combined total value = 196,020,200,000

Strike  81800  has a total call value of 164,502,000,000  versus a total put value of  35,467,200,000. Combined total value = 199,969,200,000

Strike  81900  has a total call value of 169,135,400,000  versus a total put value of  34,783,600,000. Combined total value = 203,919,000,000

Strike  82000  has a total call value of 173,770,200,000  versus a total put value of  34,100,000,000. Combined total value = 207,870,200,000

Strike  82100  has a total call value of 178,689,000,000  versus a total put value of  33,416,400,000. Combined total value = 212,105,400,000

Strike  82200  has a total call value of 183,608,200,000  versus a total put value of  32,732,800,000. Combined total value = 216,341,000,000

Strike  82300  has a total call value of 188,527,800,000  versus a total put value of  32,049,200,000. Combined total value = 220,577,000,000

Strike  82400  has a total call value of 193,447,800,000  versus a total put value of  31,365,600,000. Combined total value = 224,813,400,000

Strike  82500  has a total call value of 198,368,600,000  versus a total put value of  30,682,000,000. Combined total value = 229,050,600,000

Strike  82600  has a total call value of 203,293,200,000  versus a total put value of  29,998,400,000. Combined total value = 233,291,600,000

Strike  82700  has a total call value of 208,218,200,000  versus a total put value of  29,314,800,000. Combined total value = 237,533,000,000

Strike  82800  has a total call value of 213,143,400,000  versus a total put value of  28,631,200,000. Combined total value = 241,774,600,000

Strike  82900  has a total call value of 218,068,600,000  versus a total put value of  27,947,600,000. Combined total value = 246,016,200,000

Strike  83000  has a total call value of 222,994,400,000  versus a total put value of  27,264,000,000. Combined total value = 250,258,400,000

Strike  83100  has a total call value of 228,122,600,000  versus a total put value of  26,580,400,000. Combined total value = 254,703,000,000

Strike  83200  has a total call value of 233,251,200,000  versus a total put value of  25,896,800,000. Combined total value = 259,148,000,000

Strike  83300  has a total call value of 238,380,000,000  versus a total put value of  25,213,200,000. Combined total value = 263,593,200,000

Strike  83400  has a total call value of 243,509,400,000  versus a total put value of  24,529,600,000. Combined total value = 268,039,000,000

Strike  83500  has a total call value of 248,639,200,000  versus a total put value of  23,846,000,000. Combined total value = 272,485,200,000

Strike  83600  has a total call value of 253,769,000,000  versus a total put value of  23,162,400,000. Combined total value = 276,931,400,000

Strike  83700  has a total call value of 258,899,400,000  versus a total put value of  22,478,800,000. Combined total value = 281,378,200,000

Strike  83800  has a total call value of 264,030,000,000  versus a total put value of  21,795,200,000. Combined total value = 285,825,200,000

Strike  83900  has a total call value of 269,160,800,000  versus a total put value of  21,111,600,000. Combined total value = 290,272,400,000

Strike  84000  has a total call value of 274,292,400,000  versus a total put value of  20,428,000,000. Combined total value = 294,720,400,000

Strike  84100  has a total call value of 279,506,600,000  versus a total put value of  19,744,400,000. Combined total value = 299,251,000,000

Strike  84200  has a total call value of 284,720,800,000  versus a total put value of  19,060,800,000. Combined total value = 303,781,600,000

Strike  84300  has a total call value of 289,935,000,000  versus a total put value of  18,377,200,000. Combined total value = 308,312,200,000

Strike  84400  has a total call value of 295,149,200,000  versus a total put value of  17,693,600,000. Combined total value = 312,842,800,000

Strike  84500  has a total call value of 300,369,400,000  versus a total put value of  17,010,000,000. Combined total value = 317,379,400,000

Strike  84600  has a total call value of 305,591,400,000  versus a total put value of  16,326,400,000. Combined total value = 321,917,800,000

Strike  84700  has a total call value of 310,813,600,000  versus a total put value of  15,642,800,000. Combined total value = 326,456,400,000

Strike  84800  has a total call value of 316,036,000,000  versus a total put value of  14,959,200,000. Combined total value = 330,995,200,000

Strike  84900  has a total call value of 321,258,400,000  versus a total put value of  14,275,600,000. Combined total value = 335,534,000,000

Strike  85000  has a total call value of 326,480,800,000  versus a total put value of  13,592,000,000. Combined total value = 340,072,800,000

Strike  85100  has a total call value of 331,940,600,000  versus a total put value of  12,912,400,000. Combined total value = 344,853,000,000

Strike  85200  has a total call value of 337,400,400,000  versus a total put value of  12,232,800,000. Combined total value = 349,633,200,000

Strike  85300  has a total call value of 342,860,200,000  versus a total put value of  11,553,200,000. Combined total value = 354,413,400,000

Strike  85400  has a total call value of 348,320,000,000  versus a total put value of  10,873,600,000. Combined total value = 359,193,600,000

Strike  85500  has a total call value of 353,782,200,000  versus a total put value of  10,194,000,000. Combined total value = 363,976,200,000

Strike  85600  has a total call value of 359,244,800,000  versus a total put value of  9,514,400,000. Combined total value = 368,759,200,000

Strike  85700  has a total call value of 364,707,400,000  versus a total put value of  8,834,800,000. Combined total value = 373,542,200,000

Strike  85800  has a total call value of 370,170,000,000  versus a total put value of  8,155,200,000. Combined total value = 378,325,200,000

Strike  85900  has a total call value of 375,632,600,000  versus a total put value of  7,475,600,000. Combined total value = 383,108,200,000

Strike  86000  has a total call value of 381,095,600,000  versus a total put value of  6,796,000,000. Combined total value = 387,891,600,000

Strike  86100  has a total call value of 386,558,600,000  versus a total put value of  6,116,400,000. Combined total value = 392,675,000,000

Strike  86200  has a total call value of 392,021,600,000  versus a total put value of  5,436,800,000. Combined total value = 397,458,400,000

Strike  86300  has a total call value of 397,486,800,000  versus a total put value of  4,757,200,000. Combined total value = 402,244,000,000

Strike  86400  has a total call value of 402,952,000,000  versus a total put value of  4,077,600,000. Combined total value = 407,029,600,000

Strike  86500  has a total call value of 408,417,200,000  versus a total put value of  3,398,000,000. Combined total value = 411,815,200,000

Strike  86600  has a total call value of 413,882,600,000  versus a total put value of  2,718,400,000. Combined total value = 416,601,000,000

Strike  86700  has a total call value of 419,348,200,000  versus a total put value of  2,038,800,000. Combined total value = 421,387,000,000

Strike  86800  has a total call value of 424,814,000,000  versus a total put value of  1,359,200,000. Combined total value = 426,173,200,000

Strike  86900  has a total call value of 430,337,800,000  versus a total put value of  679,600,000. Combined total value = 431,017,400,000

Strike  87000  has a total call value of 435,861,600,000  versus a total put value of  0. Combined total value = 435,861,600,000

Strike  87100  has a total call value of 441,385,800,000  versus a total put value of  0. Combined total value = 441,385,800,000

Strike  87200  has a total call value of 446,910,000,000  versus a total put value of  0. Combined total value = 446,910,000,000

Strike  87300  has a total call value of 452,434,200,000  versus a total put value of  0. Combined total value = 452,434,200,000

Strike  87400  has a total call value of 457,958,400,000  versus a total put value of  0. Combined total value = 457,958,400,000

Strike  87500  has a total call value of 463,482,800,000  versus a total put value of  0. Combined total value = 463,482,800,000

Strike  87600  has a total call value of 469,007,200,000  versus a total put value of  0. Combined total value = 469,007,200,000

Strike  87700  has a total call value of 474,531,600,000  versus a total put value of  0. Combined total value = 474,531,600,000

Strike  87800  has a total call value of 480,057,200,000  versus a total put value of  0. Combined total value = 480,057,200,000

Strike  87900  has a total call value of 485,584,000,000  versus a total put value of  0. Combined total value = 485,584,000,000

Strike  88000  has a total call value of 491,112,000,000  versus a total put value of  0. Combined total value = 491,112,000,000

Strike  88100  has a total call value of 496,649,400,000  versus a total put value of  0. Combined total value = 496,649,400,000

Strike  88200  has a total call value of 502,188,000,000  versus a total put value of  0. Combined total value = 502,188,000,000

Strike  88300  has a total call value of 507,727,800,000  versus a total put value of  0. Combined total value = 507,727,800,000

Strike  88400  has a total call value of 513,268,800,000  versus a total put value of  0. Combined total value = 513,268,800,000

Strike  88500  has a total call value of 518,811,000,000  versus a total put value of  0. Combined total value = 518,811,000,000

Strike  88600  has a total call value of 524,353,600,000  versus a total put value of  0. Combined total value = 524,353,600,000

Strike  88700  has a total call value of 529,897,400,000  versus a total put value of  0. Combined total value = 529,897,400,000

Strike  88800  has a total call value of 535,442,200,000  versus a total put value of  0. Combined total value = 535,442,200,000

Strike  88900  has a total call value of 540,988,000,000  versus a total put value of  0. Combined total value = 540,988,000,000

Strike  89000  has a total call value of 546,534,800,000  versus a total put value of  0. Combined total value = 546,534,800,000

Strike  89100  has a total call value of 552,085,800,000  versus a total put value of  0. Combined total value = 552,085,800,000

Strike  89200  has a total call value of 557,638,000,000  versus a total put value of  0. Combined total value = 557,638,000,000

Strike  89300  has a total call value of 563,191,600,000  versus a total put value of  0. Combined total value = 563,191,600,000

Strike  89400  has a total call value of 568,746,600,000  versus a total put value of  0. Combined total value = 568,746,600,000

Strike  89500  has a total call value of 574,303,200,000  versus a total put value of  0. Combined total value = 574,303,200,000

Strike  89600  has a total call value of 579,861,400,000  versus a total put value of  0. Combined total value = 579,861,400,000

Strike  89700  has a total call value of 585,420,000,000  versus a total put value of  0. Combined total value = 585,420,000,000

Strike  89800  has a total call value of 590,980,000,000  versus a total put value of  0. Combined total value = 590,980,000,000

Strike  89900  has a total call value of 596,541,400,000  versus a total put value of  0. Combined total value = 596,541,400,000

Strike  90000  has a total call value of 602,104,200,000  versus a total put value of  0. Combined total value = 602,104,200,000

Strike  90100  has a total call value of 607,667,600,000  versus a total put value of  0. Combined total value = 607,667,600,000

Strike  90200  has a total call value of 613,232,400,000  versus a total put value of  0. Combined total value = 613,232,400,000

Strike  90300  has a total call value of 618,798,800,000  versus a total put value of  0. Combined total value = 618,798,800,000

Strike  90400  has a total call value of 624,366,400,000  versus a total put value of  0. Combined total value = 624,366,400,000

Strike  90500  has a total call value of 629,939,000,000  versus a total put value of  0. Combined total value = 629,939,000,000

Strike  90600  has a total call value of 635,512,200,000  versus a total put value of  0. Combined total value = 635,512,200,000

Strike  90700  has a total call value of 641,086,400,000  versus a total put value of  0. Combined total value = 641,086,400,000

Strike  90800  has a total call value of 646,661,800,000  versus a total put value of  0. Combined total value = 646,661,800,000

Strike  90900  has a total call value of 652,238,000,000  versus a total put value of  0. Combined total value = 652,238,000,000

Strike  91000  has a total call value of 657,815,400,000  versus a total put value of  0. Combined total value = 657,815,400,000

Strike  91100  has a total call value of 663,393,800,000  versus a total put value of  0. Combined total value = 663,393,800,000

Strike  91200  has a total call value of 668,973,800,000  versus a total put value of  0. Combined total value = 668,973,800,000

Strike  91300  has a total call value of 674,555,400,000  versus a total put value of  0. Combined total value = 674,555,400,000

Strike  91400  has a total call value of 680,138,600,000  versus a total put value of  0. Combined total value = 680,138,600,000

Strike  91500  has a total call value of 685,722,800,000  versus a total put value of  0. Combined total value = 685,722,800,000

Strike  91600  has a total call value of 691,308,200,000  versus a total put value of  0. Combined total value = 691,308,200,000

Strike  91700  has a total call value of 696,894,400,000  versus a total put value of  0. Combined total value = 696,894,400,000

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.