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SENSEX50

Sensex 50
24273.8 -427.06 (-1.73%)
L: 24237.81 H: 24548.94
Max Pain
13 Mar 2026 09:11 AM IST
Live
Max-Pain
82,000
DFC
7D Avg
Reliability
14D Avg
Reliability
21D Avg
Reliability
Max Pain for SENSEX50 is 82000


Strike  70000  has a total call value of 0  versus a total put value of  339,222,000,000. Combined total value = 339,222,000,000

Strike  70100  has a total call value of 0  versus a total put value of  336,030,600,000. Combined total value = 336,030,600,000

Strike  70200  has a total call value of 0  versus a total put value of  332,839,200,000. Combined total value = 332,839,200,000

Strike  70300  has a total call value of 0  versus a total put value of  329,647,800,000. Combined total value = 329,647,800,000

Strike  70400  has a total call value of 0  versus a total put value of  326,456,400,000. Combined total value = 326,456,400,000

Strike  70500  has a total call value of 0  versus a total put value of  323,265,000,000. Combined total value = 323,265,000,000

Strike  70600  has a total call value of 0  versus a total put value of  320,073,600,000. Combined total value = 320,073,600,000

Strike  70700  has a total call value of 0  versus a total put value of  316,882,200,000. Combined total value = 316,882,200,000

Strike  70800  has a total call value of 0  versus a total put value of  313,704,000,000. Combined total value = 313,704,000,000

Strike  70900  has a total call value of 0  versus a total put value of  310,525,800,000. Combined total value = 310,525,800,000

Strike  71000  has a total call value of 0  versus a total put value of  307,347,600,000. Combined total value = 307,347,600,000

Strike  71100  has a total call value of 0  versus a total put value of  304,222,600,000. Combined total value = 304,222,600,000

Strike  71200  has a total call value of 0  versus a total put value of  301,097,600,000. Combined total value = 301,097,600,000

Strike  71300  has a total call value of 0  versus a total put value of  297,972,600,000. Combined total value = 297,972,600,000

Strike  71400  has a total call value of 0  versus a total put value of  294,847,600,000. Combined total value = 294,847,600,000

Strike  71500  has a total call value of 0  versus a total put value of  291,722,600,000. Combined total value = 291,722,600,000

Strike  71600  has a total call value of 0  versus a total put value of  288,597,800,000. Combined total value = 288,597,800,000

Strike  71700  has a total call value of 0  versus a total put value of  285,473,000,000. Combined total value = 285,473,000,000

Strike  71800  has a total call value of 0  versus a total put value of  282,348,200,000. Combined total value = 282,348,200,000

Strike  71900  has a total call value of 0  versus a total put value of  279,223,400,000. Combined total value = 279,223,400,000

Strike  72000  has a total call value of 0  versus a total put value of  276,098,600,000. Combined total value = 276,098,600,000

Strike  72100  has a total call value of 200,000  versus a total put value of  272,973,800,000. Combined total value = 272,974,000,000

Strike  72200  has a total call value of 400,000  versus a total put value of  269,849,000,000. Combined total value = 269,849,400,000

Strike  72300  has a total call value of 600,000  versus a total put value of  266,724,200,000. Combined total value = 266,724,800,000

Strike  72400  has a total call value of 800,000  versus a total put value of  263,599,400,000. Combined total value = 263,600,200,000

Strike  72500  has a total call value of 1,000,000  versus a total put value of  260,474,600,000. Combined total value = 260,475,600,000

Strike  72600  has a total call value of 1,200,000  versus a total put value of  257,349,800,000. Combined total value = 257,351,000,000

Strike  72700  has a total call value of 1,400,000  versus a total put value of  254,225,000,000. Combined total value = 254,226,400,000

Strike  72800  has a total call value of 1,600,000  versus a total put value of  251,100,200,000. Combined total value = 251,101,800,000

Strike  72900  has a total call value of 1,800,000  versus a total put value of  247,975,400,000. Combined total value = 247,977,200,000

Strike  73000  has a total call value of 2,000,000  versus a total put value of  244,850,600,000. Combined total value = 244,852,600,000

Strike  73100  has a total call value of 2,200,000  versus a total put value of  241,725,800,000. Combined total value = 241,728,000,000

Strike  73200  has a total call value of 2,400,000  versus a total put value of  238,601,000,000. Combined total value = 238,603,400,000

Strike  73300  has a total call value of 2,600,000  versus a total put value of  235,476,200,000. Combined total value = 235,478,800,000

Strike  73400  has a total call value of 2,800,000  versus a total put value of  232,351,400,000. Combined total value = 232,354,200,000

Strike  73500  has a total call value of 3,000,000  versus a total put value of  229,226,600,000. Combined total value = 229,229,600,000

Strike  73600  has a total call value of 3,200,000  versus a total put value of  226,101,800,000. Combined total value = 226,105,000,000

Strike  73700  has a total call value of 3,400,000  versus a total put value of  222,977,000,000. Combined total value = 222,980,400,000

Strike  73800  has a total call value of 3,600,000  versus a total put value of  219,852,200,000. Combined total value = 219,855,800,000

Strike  73900  has a total call value of 3,800,000  versus a total put value of  216,727,400,000. Combined total value = 216,731,200,000

Strike  74000  has a total call value of 4,000,000  versus a total put value of  213,602,600,000. Combined total value = 213,606,600,000

Strike  74100  has a total call value of 4,200,000  versus a total put value of  210,477,800,000. Combined total value = 210,482,000,000

Strike  74200  has a total call value of 4,400,000  versus a total put value of  207,353,000,000. Combined total value = 207,357,400,000

Strike  74300  has a total call value of 4,600,000  versus a total put value of  204,228,200,000. Combined total value = 204,232,800,000

Strike  74400  has a total call value of 4,800,000  versus a total put value of  201,103,400,000. Combined total value = 201,108,200,000

Strike  74500  has a total call value of 5,000,000  versus a total put value of  197,980,400,000. Combined total value = 197,985,400,000

Strike  74600  has a total call value of 5,200,000  versus a total put value of  194,857,400,000. Combined total value = 194,862,600,000

Strike  74700  has a total call value of 5,400,000  versus a total put value of  191,734,400,000. Combined total value = 191,739,800,000

Strike  74800  has a total call value of 5,600,000  versus a total put value of  188,613,800,000. Combined total value = 188,619,400,000

Strike  74900  has a total call value of 5,800,000  versus a total put value of  185,495,800,000. Combined total value = 185,501,600,000

Strike  75000  has a total call value of 6,000,000  versus a total put value of  182,384,200,000. Combined total value = 182,390,200,000

Strike  75100  has a total call value of 9,200,000  versus a total put value of  179,272,600,000. Combined total value = 179,281,800,000

Strike  75200  has a total call value of 12,400,000  versus a total put value of  176,168,400,000. Combined total value = 176,180,800,000

Strike  75300  has a total call value of 15,600,000  versus a total put value of  173,064,200,000. Combined total value = 173,079,800,000

Strike  75400  has a total call value of 18,800,000  versus a total put value of  169,960,000,000. Combined total value = 169,978,800,000

Strike  75500  has a total call value of 22,000,000  versus a total put value of  166,862,000,000. Combined total value = 166,884,000,000

Strike  75600  has a total call value of 25,200,000  versus a total put value of  163,764,000,000. Combined total value = 163,789,200,000

Strike  75700  has a total call value of 33,200,000  versus a total put value of  160,666,000,000. Combined total value = 160,699,200,000

Strike  75800  has a total call value of 41,200,000  versus a total put value of  157,584,400,000. Combined total value = 157,625,600,000

Strike  75900  has a total call value of 49,200,000  versus a total put value of  154,502,800,000. Combined total value = 154,552,000,000

Strike  76000  has a total call value of 57,200,000  versus a total put value of  151,445,000,000. Combined total value = 151,502,200,000

Strike  76100  has a total call value of 65,200,000  versus a total put value of  148,387,200,000. Combined total value = 148,452,400,000

Strike  76200  has a total call value of 73,800,000  versus a total put value of  145,351,200,000. Combined total value = 145,425,000,000

Strike  76300  has a total call value of 106,000,000  versus a total put value of  142,315,200,000. Combined total value = 142,421,200,000

Strike  76400  has a total call value of 153,200,000  versus a total put value of  139,313,800,000. Combined total value = 139,467,000,000

Strike  76500  has a total call value of 225,200,000  versus a total put value of  136,334,200,000. Combined total value = 136,559,400,000

Strike  76600  has a total call value of 297,200,000  versus a total put value of  133,477,000,000. Combined total value = 133,774,200,000

Strike  76700  has a total call value of 383,400,000  versus a total put value of  130,648,800,000. Combined total value = 131,032,200,000

Strike  76800  has a total call value of 469,600,000  versus a total put value of  127,841,200,000. Combined total value = 128,310,800,000

Strike  76900  has a total call value of 555,800,000  versus a total put value of  125,033,600,000. Combined total value = 125,589,400,000

Strike  77000  has a total call value of 663,800,000  versus a total put value of  122,226,000,000. Combined total value = 122,889,800,000

Strike  77100  has a total call value of 771,800,000  versus a total put value of  119,418,400,000. Combined total value = 120,190,200,000

Strike  77200  has a total call value of 1,124,000,000  versus a total put value of  116,630,400,000. Combined total value = 117,754,400,000

Strike  77300  has a total call value of 1,495,800,000  versus a total put value of  113,842,400,000. Combined total value = 115,338,200,000

Strike  77400  has a total call value of 1,910,800,000  versus a total put value of  111,084,400,000. Combined total value = 112,995,200,000

Strike  77500  has a total call value of 2,358,800,000  versus a total put value of  108,335,800,000. Combined total value = 110,694,600,000

Strike  77600  has a total call value of 2,806,800,000  versus a total put value of  105,587,200,000. Combined total value = 108,394,000,000

Strike  77700  has a total call value of 3,265,200,000  versus a total put value of  102,838,600,000. Combined total value = 106,103,800,000

Strike  77800  has a total call value of 3,723,600,000  versus a total put value of  100,095,600,000. Combined total value = 103,819,200,000

Strike  77900  has a total call value of 4,182,000,000  versus a total put value of  97,386,000,000. Combined total value = 101,568,000,000

Strike  78000  has a total call value of 4,652,600,000  versus a total put value of  94,683,000,000. Combined total value = 99,335,600,000

Strike  78100  has a total call value of 5,123,200,000  versus a total put value of  92,165,600,000. Combined total value = 97,288,800,000

Strike  78200  has a total call value of 5,593,800,000  versus a total put value of  89,665,200,000. Combined total value = 95,259,000,000

Strike  78300  has a total call value of 6,064,400,000  versus a total put value of  87,174,000,000. Combined total value = 93,238,400,000

Strike  78400  has a total call value of 6,549,200,000  versus a total put value of  84,699,200,000. Combined total value = 91,248,400,000

Strike  78500  has a total call value of 7,050,200,000  versus a total put value of  82,250,000,000. Combined total value = 89,300,200,000

Strike  78600  has a total call value of 7,634,800,000  versus a total put value of  79,864,800,000. Combined total value = 87,499,600,000

Strike  78700  has a total call value of 8,293,000,000  versus a total put value of  77,487,000,000. Combined total value = 85,780,000,000

Strike  78800  has a total call value of 8,974,200,000  versus a total put value of  75,115,200,000. Combined total value = 84,089,400,000

Strike  78900  has a total call value of 9,655,400,000  versus a total put value of  72,756,400,000. Combined total value = 82,411,800,000

Strike  79000  has a total call value of 10,360,400,000  versus a total put value of  70,405,000,000. Combined total value = 80,765,400,000

Strike  79100  has a total call value of 11,065,400,000  versus a total put value of  68,169,200,000. Combined total value = 79,234,600,000

Strike  79200  has a total call value of 11,770,400,000  versus a total put value of  65,938,800,000. Combined total value = 77,709,200,000

Strike  79300  has a total call value of 12,475,400,000  versus a total put value of  63,713,800,000. Combined total value = 76,189,200,000

Strike  79400  has a total call value of 13,208,400,000  versus a total put value of  61,494,000,000. Combined total value = 74,702,400,000

Strike  79500  has a total call value of 13,959,400,000  versus a total put value of  59,278,800,000. Combined total value = 73,238,200,000

Strike  79600  has a total call value of 14,913,000,000  versus a total put value of  57,115,600,000. Combined total value = 72,028,600,000

Strike  79700  has a total call value of 15,890,800,000  versus a total put value of  54,961,200,000. Combined total value = 70,852,000,000

Strike  79800  has a total call value of 16,894,800,000  versus a total put value of  52,814,200,000. Combined total value = 69,709,000,000

Strike  79900  has a total call value of 17,898,800,000  versus a total put value of  50,673,800,000. Combined total value = 68,572,600,000

Strike  80000  has a total call value of 18,929,200,000  versus a total put value of  48,538,600,000. Combined total value = 67,467,800,000

Strike  80100  has a total call value of 19,959,600,000  versus a total put value of  46,608,600,000. Combined total value = 66,568,200,000

Strike  80200  has a total call value of 20,990,000,000  versus a total put value of  44,690,400,000. Combined total value = 65,680,400,000

Strike  80300  has a total call value of 22,045,000,000  versus a total put value of  42,779,800,000. Combined total value = 64,824,800,000

Strike  80400  has a total call value of 23,114,600,000  versus a total put value of  40,874,600,000. Combined total value = 63,989,200,000

Strike  80500  has a total call value of 24,194,800,000  versus a total put value of  38,980,200,000. Combined total value = 63,175,000,000

Strike  80600  has a total call value of 25,275,000,000  versus a total put value of  37,129,200,000. Combined total value = 62,404,200,000

Strike  80700  has a total call value of 26,363,800,000  versus a total put value of  35,286,000,000. Combined total value = 61,649,800,000

Strike  80800  has a total call value of 27,468,200,000  versus a total put value of  33,448,000,000. Combined total value = 60,916,200,000

Strike  80900  has a total call value of 28,572,600,000  versus a total put value of  31,619,800,000. Combined total value = 60,192,400,000

Strike  81000  has a total call value of 29,697,200,000  versus a total put value of  29,793,400,000. Combined total value = 59,490,600,000

Strike  81100  has a total call value of 30,821,800,000  versus a total put value of  28,071,600,000. Combined total value = 58,893,400,000

Strike  81200  has a total call value of 31,966,000,000  versus a total put value of  26,351,400,000. Combined total value = 58,317,400,000

Strike  81300  has a total call value of 33,110,200,000  versus a total put value of  24,634,200,000. Combined total value = 57,744,400,000

Strike  81400  has a total call value of 34,265,400,000  versus a total put value of  22,920,400,000. Combined total value = 57,185,800,000

Strike  81500  has a total call value of 35,420,600,000  versus a total put value of  21,207,800,000. Combined total value = 56,628,400,000

Strike  81600  has a total call value of 36,575,800,000  versus a total put value of  19,577,000,000. Combined total value = 56,152,800,000

Strike  81700  has a total call value of 37,731,000,000  versus a total put value of  17,948,800,000. Combined total value = 55,679,800,000

Strike  81800  has a total call value of 38,920,000,000  versus a total put value of  16,327,200,000. Combined total value = 55,247,200,000

Strike  81900  has a total call value of 40,109,000,000  versus a total put value of  14,712,400,000. Combined total value = 54,821,400,000

Strike  82000  has a total call value of 41,316,800,000  versus a total put value of  13,103,600,000. Combined total value = 54,420,400,000

Strike  82100  has a total call value of 42,524,600,000  versus a total put value of  11,997,800,000. Combined total value = 54,522,400,000

Strike  82200  has a total call value of 43,732,400,000  versus a total put value of  10,897,800,000. Combined total value = 54,630,200,000

Strike  82300  has a total call value of 44,940,200,000  versus a total put value of  9,810,400,000. Combined total value = 54,750,600,000

Strike  82400  has a total call value of 46,163,000,000  versus a total put value of  8,730,400,000. Combined total value = 54,893,400,000

Strike  82500  has a total call value of 47,414,400,000  versus a total put value of  7,656,200,000. Combined total value = 55,070,600,000

Strike  82600  has a total call value of 49,313,200,000  versus a total put value of  7,146,200,000. Combined total value = 56,459,400,000

Strike  82700  has a total call value of 51,231,000,000  versus a total put value of  6,639,200,000. Combined total value = 57,870,200,000

Strike  82800  has a total call value of 53,172,200,000  versus a total put value of  6,137,000,000. Combined total value = 59,309,200,000

Strike  82900  has a total call value of 55,113,400,000  versus a total put value of  5,639,000,000. Combined total value = 60,752,400,000

Strike  83000  has a total call value of 57,054,600,000  versus a total put value of  5,146,800,000. Combined total value = 62,201,400,000

Strike  83100  has a total call value of 58,995,800,000  versus a total put value of  4,797,000,000. Combined total value = 63,792,800,000

Strike  83200  has a total call value of 60,937,000,000  versus a total put value of  4,447,400,000. Combined total value = 65,384,400,000

Strike  83300  has a total call value of 62,878,200,000  versus a total put value of  4,100,400,000. Combined total value = 66,978,600,000

Strike  83400  has a total call value of 64,828,200,000  versus a total put value of  3,755,400,000. Combined total value = 68,583,600,000

Strike  83500  has a total call value of 66,793,200,000  versus a total put value of  3,411,200,000. Combined total value = 70,204,400,000

Strike  83600  has a total call value of 68,758,200,000  versus a total put value of  3,105,600,000. Combined total value = 71,863,800,000

Strike  83700  has a total call value of 70,740,400,000  versus a total put value of  2,801,600,000. Combined total value = 73,542,000,000

Strike  83800  has a total call value of 72,747,400,000  versus a total put value of  2,499,000,000. Combined total value = 75,246,400,000

Strike  83900  has a total call value of 74,754,400,000  versus a total put value of  2,198,000,000. Combined total value = 76,952,400,000

Strike  84000  has a total call value of 76,761,400,000  versus a total put value of  1,897,800,000. Combined total value = 78,659,200,000

Strike  84100  has a total call value of 78,768,400,000  versus a total put value of  1,717,400,000. Combined total value = 80,485,800,000

Strike  84200  has a total call value of 80,808,000,000  versus a total put value of  1,537,000,000. Combined total value = 82,345,000,000

Strike  84300  has a total call value of 82,847,600,000  versus a total put value of  1,356,600,000. Combined total value = 84,204,200,000

Strike  84400  has a total call value of 84,908,200,000  versus a total put value of  1,176,200,000. Combined total value = 86,084,400,000

Strike  84500  has a total call value of 86,993,000,000  versus a total put value of  995,800,000. Combined total value = 87,988,800,000

Strike  84600  has a total call value of 89,077,800,000  versus a total put value of  909,600,000. Combined total value = 89,987,400,000

Strike  84700  has a total call value of 91,187,000,000  versus a total put value of  823,400,000. Combined total value = 92,010,400,000

Strike  84800  has a total call value of 93,311,000,000  versus a total put value of  737,200,000. Combined total value = 94,048,200,000

Strike  84900  has a total call value of 95,466,600,000  versus a total put value of  651,000,000. Combined total value = 96,117,600,000

Strike  85000  has a total call value of 97,647,200,000  versus a total put value of  565,000,000. Combined total value = 98,212,200,000

Strike  85100  has a total call value of 100,541,800,000  versus a total put value of  505,800,000. Combined total value = 101,047,600,000

Strike  85200  has a total call value of 103,473,200,000  versus a total put value of  446,600,000. Combined total value = 103,919,800,000

Strike  85300  has a total call value of 106,428,400,000  versus a total put value of  387,400,000. Combined total value = 106,815,800,000

Strike  85400  has a total call value of 109,396,200,000  versus a total put value of  328,200,000. Combined total value = 109,724,400,000

Strike  85500  has a total call value of 112,364,000,000  versus a total put value of  269,000,000. Combined total value = 112,633,000,000

Strike  85600  has a total call value of 115,331,800,000  versus a total put value of  215,200,000. Combined total value = 115,547,000,000

Strike  85700  has a total call value of 118,304,600,000  versus a total put value of  161,400,000. Combined total value = 118,466,000,000

Strike  85800  has a total call value of 121,305,800,000  versus a total put value of  107,600,000. Combined total value = 121,413,400,000

Strike  85900  has a total call value of 124,313,600,000  versus a total put value of  53,800,000. Combined total value = 124,367,400,000

Strike  86000  has a total call value of 127,330,000,000  versus a total put value of  0. Combined total value = 127,330,000,000

Strike  86100  has a total call value of 130,617,400,000  versus a total put value of  0. Combined total value = 130,617,400,000

Strike  86200  has a total call value of 133,913,000,000  versus a total put value of  0. Combined total value = 133,913,000,000

Strike  86300  has a total call value of 137,213,800,000  versus a total put value of  0. Combined total value = 137,213,800,000

Strike  86400  has a total call value of 140,518,800,000  versus a total put value of  0. Combined total value = 140,518,800,000

Strike  86500  has a total call value of 143,829,200,000  versus a total put value of  0. Combined total value = 143,829,200,000

Strike  86600  has a total call value of 147,139,600,000  versus a total put value of  0. Combined total value = 147,139,600,000

Strike  86700  has a total call value of 150,455,200,000  versus a total put value of  0. Combined total value = 150,455,200,000

Strike  86800  has a total call value of 153,775,000,000  versus a total put value of  0. Combined total value = 153,775,000,000

Strike  86900  has a total call value of 157,098,200,000  versus a total put value of  0. Combined total value = 157,098,200,000

Strike  87000  has a total call value of 160,427,200,000  versus a total put value of  0. Combined total value = 160,427,200,000

Strike  87100  has a total call value of 163,790,200,000  versus a total put value of  0. Combined total value = 163,790,200,000

Strike  87200  has a total call value of 167,155,800,000  versus a total put value of  0. Combined total value = 167,155,800,000

Strike  87300  has a total call value of 170,524,200,000  versus a total put value of  0. Combined total value = 170,524,200,000

Strike  87400  has a total call value of 173,895,600,000  versus a total put value of  0. Combined total value = 173,895,600,000

Strike  87500  has a total call value of 177,269,600,000  versus a total put value of  0. Combined total value = 177,269,600,000

Strike  87600  has a total call value of 180,656,000,000  versus a total put value of  0. Combined total value = 180,656,000,000

Strike  87700  has a total call value of 184,045,000,000  versus a total put value of  0. Combined total value = 184,045,000,000

Strike  87800  has a total call value of 187,436,200,000  versus a total put value of  0. Combined total value = 187,436,200,000

Strike  87900  has a total call value of 190,827,400,000  versus a total put value of  0. Combined total value = 190,827,400,000

Strike  88000  has a total call value of 194,220,800,000  versus a total put value of  0. Combined total value = 194,220,800,000

Strike  88100  has a total call value of 197,614,200,000  versus a total put value of  0. Combined total value = 197,614,200,000

Strike  88200  has a total call value of 201,007,600,000  versus a total put value of  0. Combined total value = 201,007,600,000

Strike  88300  has a total call value of 204,404,200,000  versus a total put value of  0. Combined total value = 204,404,200,000

Strike  88400  has a total call value of 207,804,000,000  versus a total put value of  0. Combined total value = 207,804,000,000

Strike  88500  has a total call value of 211,205,600,000  versus a total put value of  0. Combined total value = 211,205,600,000

Strike  88600  has a total call value of 214,611,400,000  versus a total put value of  0. Combined total value = 214,611,400,000

Strike  88700  has a total call value of 218,018,800,000  versus a total put value of  0. Combined total value = 218,018,800,000

Strike  88800  has a total call value of 221,429,600,000  versus a total put value of  0. Combined total value = 221,429,600,000

Strike  88900  has a total call value of 224,844,000,000  versus a total put value of  0. Combined total value = 224,844,000,000

Strike  89000  has a total call value of 228,260,400,000  versus a total put value of  0. Combined total value = 228,260,400,000

Strike  89100  has a total call value of 231,676,800,000  versus a total put value of  0. Combined total value = 231,676,800,000

Strike  89200  has a total call value of 235,096,200,000  versus a total put value of  0. Combined total value = 235,096,200,000

Strike  89300  has a total call value of 238,517,800,000  versus a total put value of  0. Combined total value = 238,517,800,000

Strike  89400  has a total call value of 241,943,400,000  versus a total put value of  0. Combined total value = 241,943,400,000

Strike  89500  has a total call value of 245,371,600,000  versus a total put value of  0. Combined total value = 245,371,600,000

Strike  89600  has a total call value of 248,799,800,000  versus a total put value of  0. Combined total value = 248,799,800,000

Strike  89700  has a total call value of 252,230,200,000  versus a total put value of  0. Combined total value = 252,230,200,000

Strike  89800  has a total call value of 255,662,600,000  versus a total put value of  0. Combined total value = 255,662,600,000

Strike  89900  has a total call value of 259,097,200,000  versus a total put value of  0. Combined total value = 259,097,200,000

Strike  90000  has a total call value of 262,533,000,000  versus a total put value of  0. Combined total value = 262,533,000,000

Strike  90100  has a total call value of 265,968,800,000  versus a total put value of  0. Combined total value = 265,968,800,000

Strike  90200  has a total call value of 269,406,400,000  versus a total put value of  0. Combined total value = 269,406,400,000

Strike  90300  has a total call value of 272,846,200,000  versus a total put value of  0. Combined total value = 272,846,200,000

Strike  90400  has a total call value of 276,288,000,000  versus a total put value of  0. Combined total value = 276,288,000,000

Strike  90500  has a total call value of 279,733,000,000  versus a total put value of  0. Combined total value = 279,733,000,000

Strike  90600  has a total call value of 283,178,000,000  versus a total put value of  0. Combined total value = 283,178,000,000

Strike  90700  has a total call value of 286,624,200,000  versus a total put value of  0. Combined total value = 286,624,200,000

Strike  90800  has a total call value of 290,072,200,000  versus a total put value of  0. Combined total value = 290,072,200,000

Strike  90900  has a total call value of 293,521,600,000  versus a total put value of  0. Combined total value = 293,521,600,000

Strike  91000  has a total call value of 296,972,000,000  versus a total put value of  0. Combined total value = 296,972,000,000

Strike  91100  has a total call value of 300,423,600,000  versus a total put value of  0. Combined total value = 300,423,600,000

Strike  91200  has a total call value of 303,877,000,000  versus a total put value of  0. Combined total value = 303,877,000,000

Strike  91300  has a total call value of 307,331,400,000  versus a total put value of  0. Combined total value = 307,331,400,000

Strike  91400  has a total call value of 310,787,400,000  versus a total put value of  0. Combined total value = 310,787,400,000

Strike  91500  has a total call value of 314,244,400,000  versus a total put value of  0. Combined total value = 314,244,400,000

Strike  91600  has a total call value of 317,703,400,000  versus a total put value of  0. Combined total value = 317,703,400,000

Strike  91700  has a total call value of 321,164,600,000  versus a total put value of  0. Combined total value = 321,164,600,000

Strike  91800  has a total call value of 324,628,000,000  versus a total put value of  0. Combined total value = 324,628,000,000

Strike  91900  has a total call value of 328,091,400,000  versus a total put value of  0. Combined total value = 328,091,400,000

Strike  92000  has a total call value of 331,556,800,000  versus a total put value of  0. Combined total value = 331,556,800,000

Strike  92100  has a total call value of 335,023,000,000  versus a total put value of  0. Combined total value = 335,023,000,000

Strike  92200  has a total call value of 338,491,200,000  versus a total put value of  0. Combined total value = 338,491,200,000

Strike  92300  has a total call value of 341,961,200,000  versus a total put value of  0. Combined total value = 341,961,200,000

Strike  92400  has a total call value of 345,433,000,000  versus a total put value of  0. Combined total value = 345,433,000,000

Strike  92500  has a total call value of 348,906,000,000  versus a total put value of  0. Combined total value = 348,906,000,000

Strike  92600  has a total call value of 352,380,000,000  versus a total put value of  0. Combined total value = 352,380,000,000

Strike  92700  has a total call value of 355,855,600,000  versus a total put value of  0. Combined total value = 355,855,600,000

Strike  92800  has a total call value of 359,334,000,000  versus a total put value of  0. Combined total value = 359,334,000,000

Strike  92900  has a total call value of 362,812,400,000  versus a total put value of  0. Combined total value = 362,812,400,000

Strike  93000  has a total call value of 366,292,200,000  versus a total put value of  0. Combined total value = 366,292,200,000

Strike  93100  has a total call value of 369,776,200,000  versus a total put value of  0. Combined total value = 369,776,200,000

Strike  93200  has a total call value of 373,261,400,000  versus a total put value of  0. Combined total value = 373,261,400,000

Strike  93300  has a total call value of 376,748,200,000  versus a total put value of  0. Combined total value = 376,748,200,000

Strike  93400  has a total call value of 380,236,200,000  versus a total put value of  0. Combined total value = 380,236,200,000

Strike  93500  has a total call value of 383,726,000,000  versus a total put value of  0. Combined total value = 383,726,000,000

Strike  93600  has a total call value of 387,217,400,000  versus a total put value of  0. Combined total value = 387,217,400,000

Strike  93700  has a total call value of 390,710,000,000  versus a total put value of  0. Combined total value = 390,710,000,000

Strike  93800  has a total call value of 394,204,000,000  versus a total put value of  0. Combined total value = 394,204,000,000

Strike  93900  has a total call value of 397,700,000,000  versus a total put value of  0. Combined total value = 397,700,000,000

Strike  94000  has a total call value of 401,198,800,000  versus a total put value of  0. Combined total value = 401,198,800,000

Strike  94100  has a total call value of 404,699,000,000  versus a total put value of  0. Combined total value = 404,699,000,000

Strike  94200  has a total call value of 408,200,400,000  versus a total put value of  0. Combined total value = 408,200,400,000

Strike  94300  has a total call value of 411,703,800,000  versus a total put value of  0. Combined total value = 411,703,800,000

Strike  94400  has a total call value of 415,208,400,000  versus a total put value of  0. Combined total value = 415,208,400,000

Strike  94500  has a total call value of 418,715,000,000  versus a total put value of  0. Combined total value = 418,715,000,000

Strike  94600  has a total call value of 422,222,600,000  versus a total put value of  0. Combined total value = 422,222,600,000

Strike  94700  has a total call value of 425,730,200,000  versus a total put value of  0. Combined total value = 425,730,200,000

Strike  94800  has a total call value of 429,237,800,000  versus a total put value of  0. Combined total value = 429,237,800,000

Strike  94900  has a total call value of 432,746,800,000  versus a total put value of  0. Combined total value = 432,746,800,000

Strike  95000  has a total call value of 436,258,200,000  versus a total put value of  0. Combined total value = 436,258,200,000

Strike  95100  has a total call value of 439,882,400,000  versus a total put value of  0. Combined total value = 439,882,400,000

Strike  95200  has a total call value of 443,508,200,000  versus a total put value of  0. Combined total value = 443,508,200,000

Strike  95300  has a total call value of 447,136,000,000  versus a total put value of  0. Combined total value = 447,136,000,000

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.