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SENSEX50

Sensex 50
24940.12 -410.59 (-1.62%)
L: 24909.57 H: 25393.38
Max Pain
11 Mar 2026 04:11 PM IST
Market Closed
Max-Pain
80,500
DFC
7D Avg
Reliability
14D Avg
Reliability
21D Avg
Reliability
Max Pain for SENSEX50 is 80500


Strike  70000  has a total call value of 0  versus a total put value of  405,213,000,000. Combined total value = 405,213,000,000

Strike  70100  has a total call value of 0  versus a total put value of  400,668,600,000. Combined total value = 400,668,600,000

Strike  70200  has a total call value of 0  versus a total put value of  396,124,200,000. Combined total value = 396,124,200,000

Strike  70300  has a total call value of 0  versus a total put value of  391,579,800,000. Combined total value = 391,579,800,000

Strike  70400  has a total call value of 0  versus a total put value of  387,035,400,000. Combined total value = 387,035,400,000

Strike  70500  has a total call value of 0  versus a total put value of  382,491,000,000. Combined total value = 382,491,000,000

Strike  70600  has a total call value of 0  versus a total put value of  377,946,600,000. Combined total value = 377,946,600,000

Strike  70700  has a total call value of 0  versus a total put value of  373,402,200,000. Combined total value = 373,402,200,000

Strike  70800  has a total call value of 0  versus a total put value of  368,874,800,000. Combined total value = 368,874,800,000

Strike  70900  has a total call value of 0  versus a total put value of  364,347,400,000. Combined total value = 364,347,400,000

Strike  71000  has a total call value of 0  versus a total put value of  359,820,000,000. Combined total value = 359,820,000,000

Strike  71100  has a total call value of 0  versus a total put value of  355,363,400,000. Combined total value = 355,363,400,000

Strike  71200  has a total call value of 0  versus a total put value of  350,906,800,000. Combined total value = 350,906,800,000

Strike  71300  has a total call value of 0  versus a total put value of  346,450,200,000. Combined total value = 346,450,200,000

Strike  71400  has a total call value of 0  versus a total put value of  341,993,600,000. Combined total value = 341,993,600,000

Strike  71500  has a total call value of 0  versus a total put value of  337,537,000,000. Combined total value = 337,537,000,000

Strike  71600  has a total call value of 0  versus a total put value of  333,080,400,000. Combined total value = 333,080,400,000

Strike  71700  has a total call value of 0  versus a total put value of  328,623,800,000. Combined total value = 328,623,800,000

Strike  71800  has a total call value of 0  versus a total put value of  324,167,200,000. Combined total value = 324,167,200,000

Strike  71900  has a total call value of 0  versus a total put value of  319,710,600,000. Combined total value = 319,710,600,000

Strike  72000  has a total call value of 0  versus a total put value of  315,254,000,000. Combined total value = 315,254,000,000

Strike  72100  has a total call value of 200,000  versus a total put value of  310,970,600,000. Combined total value = 310,970,800,000

Strike  72200  has a total call value of 400,000  versus a total put value of  306,687,200,000. Combined total value = 306,687,600,000

Strike  72300  has a total call value of 600,000  versus a total put value of  302,403,800,000. Combined total value = 302,404,400,000

Strike  72400  has a total call value of 800,000  versus a total put value of  298,120,400,000. Combined total value = 298,121,200,000

Strike  72500  has a total call value of 1,000,000  versus a total put value of  293,837,000,000. Combined total value = 293,838,000,000

Strike  72600  has a total call value of 1,200,000  versus a total put value of  289,553,600,000. Combined total value = 289,554,800,000

Strike  72700  has a total call value of 1,400,000  versus a total put value of  285,270,200,000. Combined total value = 285,271,600,000

Strike  72800  has a total call value of 1,600,000  versus a total put value of  280,986,800,000. Combined total value = 280,988,400,000

Strike  72900  has a total call value of 1,800,000  versus a total put value of  276,703,400,000. Combined total value = 276,705,200,000

Strike  73000  has a total call value of 2,000,000  versus a total put value of  272,420,000,000. Combined total value = 272,422,000,000

Strike  73100  has a total call value of 2,200,000  versus a total put value of  268,136,600,000. Combined total value = 268,138,800,000

Strike  73200  has a total call value of 2,400,000  versus a total put value of  263,853,200,000. Combined total value = 263,855,600,000

Strike  73300  has a total call value of 2,600,000  versus a total put value of  259,569,800,000. Combined total value = 259,572,400,000

Strike  73400  has a total call value of 2,800,000  versus a total put value of  255,286,400,000. Combined total value = 255,289,200,000

Strike  73500  has a total call value of 3,000,000  versus a total put value of  251,003,000,000. Combined total value = 251,006,000,000

Strike  73600  has a total call value of 3,200,000  versus a total put value of  246,719,600,000. Combined total value = 246,722,800,000

Strike  73700  has a total call value of 3,400,000  versus a total put value of  242,436,200,000. Combined total value = 242,439,600,000

Strike  73800  has a total call value of 3,600,000  versus a total put value of  238,152,800,000. Combined total value = 238,156,400,000

Strike  73900  has a total call value of 3,800,000  versus a total put value of  233,869,400,000. Combined total value = 233,873,200,000

Strike  74000  has a total call value of 4,000,000  versus a total put value of  229,586,000,000. Combined total value = 229,590,000,000

Strike  74100  has a total call value of 4,200,000  versus a total put value of  225,431,800,000. Combined total value = 225,436,000,000

Strike  74200  has a total call value of 4,400,000  versus a total put value of  221,277,600,000. Combined total value = 221,282,000,000

Strike  74300  has a total call value of 4,600,000  versus a total put value of  217,123,400,000. Combined total value = 217,128,000,000

Strike  74400  has a total call value of 4,800,000  versus a total put value of  212,969,200,000. Combined total value = 212,974,000,000

Strike  74500  has a total call value of 5,000,000  versus a total put value of  208,815,000,000. Combined total value = 208,820,000,000

Strike  74600  has a total call value of 5,200,000  versus a total put value of  204,660,800,000. Combined total value = 204,666,000,000

Strike  74700  has a total call value of 5,400,000  versus a total put value of  200,506,600,000. Combined total value = 200,512,000,000

Strike  74800  has a total call value of 5,600,000  versus a total put value of  196,352,400,000. Combined total value = 196,358,000,000

Strike  74900  has a total call value of 5,800,000  versus a total put value of  192,198,200,000. Combined total value = 192,204,000,000

Strike  75000  has a total call value of 6,000,000  versus a total put value of  188,044,000,000. Combined total value = 188,050,000,000

Strike  75100  has a total call value of 8,600,000  versus a total put value of  184,164,200,000. Combined total value = 184,172,800,000

Strike  75200  has a total call value of 11,200,000  versus a total put value of  180,284,400,000. Combined total value = 180,295,600,000

Strike  75300  has a total call value of 13,800,000  versus a total put value of  176,404,600,000. Combined total value = 176,418,400,000

Strike  75400  has a total call value of 16,400,000  versus a total put value of  172,524,800,000. Combined total value = 172,541,200,000

Strike  75500  has a total call value of 19,000,000  versus a total put value of  168,645,000,000. Combined total value = 168,664,000,000

Strike  75600  has a total call value of 21,600,000  versus a total put value of  164,796,400,000. Combined total value = 164,818,000,000

Strike  75700  has a total call value of 24,200,000  versus a total put value of  160,954,200,000. Combined total value = 160,978,400,000

Strike  75800  has a total call value of 26,800,000  versus a total put value of  157,120,600,000. Combined total value = 157,147,400,000

Strike  75900  has a total call value of 29,400,000  versus a total put value of  153,301,600,000. Combined total value = 153,331,000,000

Strike  76000  has a total call value of 32,000,000  versus a total put value of  149,499,600,000. Combined total value = 149,531,600,000

Strike  76100  has a total call value of 59,000,000  versus a total put value of  145,952,400,000. Combined total value = 146,011,400,000

Strike  76200  has a total call value of 86,000,000  versus a total put value of  142,425,600,000. Combined total value = 142,511,600,000

Strike  76300  has a total call value of 113,000,000  versus a total put value of  138,915,200,000. Combined total value = 139,028,200,000

Strike  76400  has a total call value of 140,000,000  versus a total put value of  135,421,800,000. Combined total value = 135,561,800,000

Strike  76500  has a total call value of 167,000,000  versus a total put value of  131,940,600,000. Combined total value = 132,107,600,000

Strike  76600  has a total call value of 234,800,000  versus a total put value of  128,583,200,000. Combined total value = 128,818,000,000

Strike  76700  has a total call value of 302,600,000  versus a total put value of  125,251,600,000. Combined total value = 125,554,200,000

Strike  76800  has a total call value of 370,400,000  versus a total put value of  121,940,000,000. Combined total value = 122,310,400,000

Strike  76900  has a total call value of 441,600,000  versus a total put value of  118,690,200,000. Combined total value = 119,131,800,000

Strike  77000  has a total call value of 515,200,000  versus a total put value of  115,488,000,000. Combined total value = 116,003,200,000

Strike  77100  has a total call value of 693,400,000  versus a total put value of  112,556,200,000. Combined total value = 113,249,600,000

Strike  77200  has a total call value of 877,600,000  versus a total put value of  109,646,200,000. Combined total value = 110,523,800,000

Strike  77300  has a total call value of 1,079,400,000  versus a total put value of  106,773,400,000. Combined total value = 107,852,800,000

Strike  77400  has a total call value of 1,316,200,000  versus a total put value of  103,930,200,000. Combined total value = 105,246,400,000

Strike  77500  has a total call value of 1,575,400,000  versus a total put value of  101,096,400,000. Combined total value = 102,671,800,000

Strike  77600  has a total call value of 1,926,600,000  versus a total put value of  98,396,800,000. Combined total value = 100,323,400,000

Strike  77700  has a total call value of 2,289,400,000  versus a total put value of  95,703,800,000. Combined total value = 97,993,200,000

Strike  77800  has a total call value of 2,662,600,000  versus a total put value of  93,016,400,000. Combined total value = 95,679,000,000

Strike  77900  has a total call value of 3,050,200,000  versus a total put value of  90,362,600,000. Combined total value = 93,412,800,000

Strike  78000  has a total call value of 3,448,200,000  versus a total put value of  87,718,000,000. Combined total value = 91,166,200,000

Strike  78100  has a total call value of 4,030,200,000  versus a total put value of  85,309,200,000. Combined total value = 89,339,400,000

Strike  78200  has a total call value of 4,629,000,000  versus a total put value of  82,919,400,000. Combined total value = 87,548,400,000

Strike  78300  has a total call value of 5,238,200,000  versus a total put value of  80,540,600,000. Combined total value = 85,778,800,000

Strike  78400  has a total call value of 5,860,600,000  versus a total put value of  78,179,600,000. Combined total value = 84,040,200,000

Strike  78500  has a total call value of 6,495,600,000  versus a total put value of  75,844,600,000. Combined total value = 82,340,200,000

Strike  78600  has a total call value of 7,202,000,000  versus a total put value of  73,586,800,000. Combined total value = 80,788,800,000

Strike  78700  has a total call value of 7,931,400,000  versus a total put value of  71,337,000,000. Combined total value = 79,268,400,000

Strike  78800  has a total call value of 8,670,800,000  versus a total put value of  69,093,600,000. Combined total value = 77,764,400,000

Strike  78900  has a total call value of 9,438,000,000  versus a total put value of  66,863,600,000. Combined total value = 76,301,600,000

Strike  79000  has a total call value of 10,217,000,000  versus a total put value of  64,641,400,000. Combined total value = 74,858,400,000

Strike  79100  has a total call value of 11,187,400,000  versus a total put value of  62,521,800,000. Combined total value = 73,709,200,000

Strike  79200  has a total call value of 12,172,000,000  versus a total put value of  60,408,000,000. Combined total value = 72,580,000,000

Strike  79300  has a total call value of 13,171,000,000  versus a total put value of  58,300,000,000. Combined total value = 71,471,000,000

Strike  79400  has a total call value of 14,196,000,000  versus a total put value of  56,197,800,000. Combined total value = 70,393,800,000

Strike  79500  has a total call value of 15,250,200,000  versus a total put value of  54,101,000,000. Combined total value = 69,351,200,000

Strike  79600  has a total call value of 16,413,600,000  versus a total put value of  52,064,800,000. Combined total value = 68,478,400,000

Strike  79700  has a total call value of 17,603,200,000  versus a total put value of  50,038,000,000. Combined total value = 67,641,200,000

Strike  79800  has a total call value of 18,817,200,000  versus a total put value of  48,019,200,000. Combined total value = 66,836,400,000

Strike  79900  has a total call value of 20,061,000,000  versus a total put value of  46,008,000,000. Combined total value = 66,069,000,000

Strike  80000  has a total call value of 21,329,400,000  versus a total put value of  44,002,400,000. Combined total value = 65,331,800,000

Strike  80100  has a total call value of 22,914,600,000  versus a total put value of  42,171,800,000. Combined total value = 65,086,400,000

Strike  80200  has a total call value of 24,524,600,000  versus a total put value of  40,353,000,000. Combined total value = 64,877,600,000

Strike  80300  has a total call value of 26,157,200,000  versus a total put value of  38,541,800,000. Combined total value = 64,699,000,000

Strike  80400  has a total call value of 27,814,200,000  versus a total put value of  36,736,000,000. Combined total value = 64,550,200,000

Strike  80500  has a total call value of 29,492,600,000  versus a total put value of  34,941,000,000. Combined total value = 64,433,600,000

Strike  80600  has a total call value of 31,245,200,000  versus a total put value of  33,206,400,000. Combined total value = 64,451,600,000

Strike  80700  has a total call value of 33,021,000,000  versus a total put value of  31,479,600,000. Combined total value = 64,500,600,000

Strike  80800  has a total call value of 34,822,400,000  versus a total put value of  29,758,000,000. Combined total value = 64,580,400,000

Strike  80900  has a total call value of 36,658,200,000  versus a total put value of  28,046,200,000. Combined total value = 64,704,400,000

Strike  81000  has a total call value of 38,520,800,000  versus a total put value of  26,336,600,000. Combined total value = 64,857,400,000

Strike  81100  has a total call value of 40,566,800,000  versus a total put value of  24,728,200,000. Combined total value = 65,295,000,000

Strike  81200  has a total call value of 42,641,200,000  versus a total put value of  23,121,600,000. Combined total value = 65,762,800,000

Strike  81300  has a total call value of 44,735,400,000  versus a total put value of  21,519,200,000. Combined total value = 66,254,600,000

Strike  81400  has a total call value of 46,848,400,000  versus a total put value of  19,920,600,000. Combined total value = 66,769,000,000

Strike  81500  has a total call value of 48,978,000,000  versus a total put value of  18,323,200,000. Combined total value = 67,301,200,000

Strike  81600  has a total call value of 51,209,200,000  versus a total put value of  16,813,400,000. Combined total value = 68,022,600,000

Strike  81700  has a total call value of 53,458,600,000  versus a total put value of  15,306,200,000. Combined total value = 68,764,800,000

Strike  81800  has a total call value of 55,738,000,000  versus a total put value of  13,805,600,000. Combined total value = 69,543,600,000

Strike  81900  has a total call value of 58,037,800,000  versus a total put value of  12,311,800,000. Combined total value = 70,349,600,000

Strike  82000  has a total call value of 60,359,000,000  versus a total put value of  10,824,000,000. Combined total value = 71,183,000,000

Strike  82100  has a total call value of 63,362,000,000  versus a total put value of  9,810,800,000. Combined total value = 73,172,800,000

Strike  82200  has a total call value of 66,387,600,000  versus a total put value of  8,803,400,000. Combined total value = 75,191,000,000

Strike  82300  has a total call value of 69,438,600,000  versus a total put value of  7,808,600,000. Combined total value = 77,247,200,000

Strike  82400  has a total call value of 72,516,400,000  versus a total put value of  6,821,200,000. Combined total value = 79,337,600,000

Strike  82500  has a total call value of 75,621,200,000  versus a total put value of  5,839,600,000. Combined total value = 81,460,800,000

Strike  82600  has a total call value of 79,362,800,000  versus a total put value of  5,422,200,000. Combined total value = 84,785,000,000

Strike  82700  has a total call value of 83,134,200,000  versus a total put value of  5,007,800,000. Combined total value = 88,142,000,000

Strike  82800  has a total call value of 86,927,000,000  versus a total put value of  4,598,800,000. Combined total value = 91,525,800,000

Strike  82900  has a total call value of 90,752,600,000  versus a total put value of  4,194,000,000. Combined total value = 94,946,600,000

Strike  83000  has a total call value of 94,610,400,000  versus a total put value of  3,794,800,000. Combined total value = 98,405,200,000

Strike  83100  has a total call value of 98,976,800,000  versus a total put value of  3,532,600,000. Combined total value = 102,509,400,000

Strike  83200  has a total call value of 103,367,600,000  versus a total put value of  3,270,600,000. Combined total value = 106,638,200,000

Strike  83300  has a total call value of 107,796,200,000  versus a total put value of  3,011,200,000. Combined total value = 110,807,400,000

Strike  83400  has a total call value of 112,233,200,000  versus a total put value of  2,753,800,000. Combined total value = 114,987,000,000

Strike  83500  has a total call value of 116,685,200,000  versus a total put value of  2,497,200,000. Combined total value = 119,182,400,000

Strike  83600  has a total call value of 121,224,600,000  versus a total put value of  2,281,600,000. Combined total value = 123,506,200,000

Strike  83700  has a total call value of 125,781,200,000  versus a total put value of  2,067,600,000. Combined total value = 127,848,800,000

Strike  83800  has a total call value of 130,362,600,000  versus a total put value of  1,855,000,000. Combined total value = 132,217,600,000

Strike  83900  has a total call value of 134,962,200,000  versus a total put value of  1,644,000,000. Combined total value = 136,606,200,000

Strike  84000  has a total call value of 139,594,800,000  versus a total put value of  1,433,800,000. Combined total value = 141,028,600,000

Strike  84100  has a total call value of 144,752,400,000  versus a total put value of  1,336,600,000. Combined total value = 146,089,000,000

Strike  84200  has a total call value of 149,942,400,000  versus a total put value of  1,239,400,000. Combined total value = 151,181,800,000

Strike  84300  has a total call value of 155,183,200,000  versus a total put value of  1,142,200,000. Combined total value = 156,325,400,000

Strike  84400  has a total call value of 160,445,000,000  versus a total put value of  1,045,000,000. Combined total value = 161,490,000,000

Strike  84500  has a total call value of 165,731,000,000  versus a total put value of  947,800,000. Combined total value = 166,678,800,000

Strike  84600  has a total call value of 171,131,000,000  versus a total put value of  862,800,000. Combined total value = 171,993,800,000

Strike  84700  has a total call value of 176,555,400,000  versus a total put value of  777,800,000. Combined total value = 177,333,200,000

Strike  84800  has a total call value of 181,994,600,000  versus a total put value of  692,800,000. Combined total value = 182,687,400,000

Strike  84900  has a total call value of 187,465,800,000  versus a total put value of  607,800,000. Combined total value = 188,073,600,000

Strike  85000  has a total call value of 192,962,000,000  versus a total put value of  523,000,000. Combined total value = 193,485,000,000

Strike  85100  has a total call value of 199,248,800,000  versus a total put value of  468,000,000. Combined total value = 199,716,800,000

Strike  85200  has a total call value of 205,572,400,000  versus a total put value of  413,000,000. Combined total value = 205,985,400,000

Strike  85300  has a total call value of 211,919,800,000  versus a total put value of  358,000,000. Combined total value = 212,277,800,000

Strike  85400  has a total call value of 218,279,800,000  versus a total put value of  303,000,000. Combined total value = 218,582,800,000

Strike  85500  has a total call value of 224,647,000,000  versus a total put value of  248,000,000. Combined total value = 224,895,000,000

Strike  85600  has a total call value of 231,040,800,000  versus a total put value of  198,400,000. Combined total value = 231,239,200,000

Strike  85700  has a total call value of 237,439,600,000  versus a total put value of  148,800,000. Combined total value = 237,588,400,000

Strike  85800  has a total call value of 243,866,800,000  versus a total put value of  99,200,000. Combined total value = 243,966,000,000

Strike  85900  has a total call value of 250,300,600,000  versus a total put value of  49,600,000. Combined total value = 250,350,200,000

Strike  86000  has a total call value of 256,743,000,000  versus a total put value of  0. Combined total value = 256,743,000,000

Strike  86100  has a total call value of 263,468,200,000  versus a total put value of  0. Combined total value = 263,468,200,000

Strike  86200  has a total call value of 270,201,600,000  versus a total put value of  0. Combined total value = 270,201,600,000

Strike  86300  has a total call value of 276,940,200,000  versus a total put value of  0. Combined total value = 276,940,200,000

Strike  86400  has a total call value of 283,683,000,000  versus a total put value of  0. Combined total value = 283,683,000,000

Strike  86500  has a total call value of 290,431,200,000  versus a total put value of  0. Combined total value = 290,431,200,000

Strike  86600  has a total call value of 297,200,200,000  versus a total put value of  0. Combined total value = 297,200,200,000

Strike  86700  has a total call value of 303,974,400,000  versus a total put value of  0. Combined total value = 303,974,400,000

Strike  86800  has a total call value of 310,752,800,000  versus a total put value of  0. Combined total value = 310,752,800,000

Strike  86900  has a total call value of 317,534,600,000  versus a total put value of  0. Combined total value = 317,534,600,000

Strike  87000  has a total call value of 324,322,200,000  versus a total put value of  0. Combined total value = 324,322,200,000

Strike  87100  has a total call value of 331,142,000,000  versus a total put value of  0. Combined total value = 331,142,000,000

Strike  87200  has a total call value of 337,964,400,000  versus a total put value of  0. Combined total value = 337,964,400,000

Strike  87300  has a total call value of 344,789,600,000  versus a total put value of  0. Combined total value = 344,789,600,000

Strike  87400  has a total call value of 351,617,800,000  versus a total put value of  0. Combined total value = 351,617,800,000

Strike  87500  has a total call value of 358,448,600,000  versus a total put value of  0. Combined total value = 358,448,600,000

Strike  87600  has a total call value of 365,291,800,000  versus a total put value of  0. Combined total value = 365,291,800,000

Strike  87700  has a total call value of 372,137,600,000  versus a total put value of  0. Combined total value = 372,137,600,000

Strike  87800  has a total call value of 378,985,600,000  versus a total put value of  0. Combined total value = 378,985,600,000

Strike  87900  has a total call value of 385,834,800,000  versus a total put value of  0. Combined total value = 385,834,800,000

Strike  88000  has a total call value of 392,686,200,000  versus a total put value of  0. Combined total value = 392,686,200,000

Strike  88100  has a total call value of 399,580,600,000  versus a total put value of  0. Combined total value = 399,580,600,000

Strike  88200  has a total call value of 406,479,400,000  versus a total put value of  0. Combined total value = 406,479,400,000

Strike  88300  has a total call value of 413,381,400,000  versus a total put value of  0. Combined total value = 413,381,400,000

Strike  88400  has a total call value of 420,286,600,000  versus a total put value of  0. Combined total value = 420,286,600,000

Strike  88500  has a total call value of 427,193,600,000  versus a total put value of  0. Combined total value = 427,193,600,000

Strike  88600  has a total call value of 434,103,800,000  versus a total put value of  0. Combined total value = 434,103,800,000

Strike  88700  has a total call value of 441,015,600,000  versus a total put value of  0. Combined total value = 441,015,600,000

Strike  88800  has a total call value of 447,929,200,000  versus a total put value of  0. Combined total value = 447,929,200,000

Strike  88900  has a total call value of 454,846,400,000  versus a total put value of  0. Combined total value = 454,846,400,000

Strike  89000  has a total call value of 461,765,600,000  versus a total put value of  0. Combined total value = 461,765,600,000

Strike  89100  has a total call value of 468,689,000,000  versus a total put value of  0. Combined total value = 468,689,000,000

Strike  89200  has a total call value of 475,615,400,000  versus a total put value of  0. Combined total value = 475,615,400,000

Strike  89300  has a total call value of 482,544,000,000  versus a total put value of  0. Combined total value = 482,544,000,000

Strike  89400  has a total call value of 489,476,600,000  versus a total put value of  0. Combined total value = 489,476,600,000

Strike  89500  has a total call value of 496,411,800,000  versus a total put value of  0. Combined total value = 496,411,800,000

Strike  89600  has a total call value of 503,349,600,000  versus a total put value of  0. Combined total value = 503,349,600,000

Strike  89700  has a total call value of 510,289,600,000  versus a total put value of  0. Combined total value = 510,289,600,000

Strike  89800  has a total call value of 517,231,600,000  versus a total put value of  0. Combined total value = 517,231,600,000

Strike  89900  has a total call value of 524,175,800,000  versus a total put value of  0. Combined total value = 524,175,800,000

Strike  90000  has a total call value of 531,121,200,000  versus a total put value of  0. Combined total value = 531,121,200,000

Strike  90100  has a total call value of 538,108,000,000  versus a total put value of  0. Combined total value = 538,108,000,000

Strike  90200  has a total call value of 545,096,600,000  versus a total put value of  0. Combined total value = 545,096,600,000

Strike  90300  has a total call value of 552,087,400,000  versus a total put value of  0. Combined total value = 552,087,400,000

Strike  90400  has a total call value of 559,080,200,000  versus a total put value of  0. Combined total value = 559,080,200,000

Strike  90500  has a total call value of 566,076,200,000  versus a total put value of  0. Combined total value = 566,076,200,000

Strike  90600  has a total call value of 573,073,000,000  versus a total put value of  0. Combined total value = 573,073,000,000

Strike  90700  has a total call value of 580,071,000,000  versus a total put value of  0. Combined total value = 580,071,000,000

Strike  90800  has a total call value of 587,070,800,000  versus a total put value of  0. Combined total value = 587,070,800,000

Strike  90900  has a total call value of 594,072,000,000  versus a total put value of  0. Combined total value = 594,072,000,000

Strike  91000  has a total call value of 601,074,200,000  versus a total put value of  0. Combined total value = 601,074,200,000

Strike  91100  has a total call value of 608,077,600,000  versus a total put value of  0. Combined total value = 608,077,600,000

Strike  91200  has a total call value of 615,082,800,000  versus a total put value of  0. Combined total value = 615,082,800,000

Strike  91300  has a total call value of 622,089,000,000  versus a total put value of  0. Combined total value = 622,089,000,000

Strike  91400  has a total call value of 629,096,800,000  versus a total put value of  0. Combined total value = 629,096,800,000

Strike  91500  has a total call value of 636,105,600,000  versus a total put value of  0. Combined total value = 636,105,600,000

Strike  91600  has a total call value of 643,116,400,000  versus a total put value of  0. Combined total value = 643,116,400,000

Strike  91700  has a total call value of 650,129,400,000  versus a total put value of  0. Combined total value = 650,129,400,000

Strike  91800  has a total call value of 657,144,600,000  versus a total put value of  0. Combined total value = 657,144,600,000

Strike  91900  has a total call value of 664,160,200,000  versus a total put value of  0. Combined total value = 664,160,200,000

Strike  92000  has a total call value of 671,177,800,000  versus a total put value of  0. Combined total value = 671,177,800,000

Strike  92100  has a total call value of 678,196,600,000  versus a total put value of  0. Combined total value = 678,196,600,000

Strike  92200  has a total call value of 685,217,400,000  versus a total put value of  0. Combined total value = 685,217,400,000

Strike  92300  has a total call value of 692,240,000,000  versus a total put value of  0. Combined total value = 692,240,000,000

Strike  92400  has a total call value of 699,264,400,000  versus a total put value of  0. Combined total value = 699,264,400,000

Strike  92500  has a total call value of 706,290,200,000  versus a total put value of  0. Combined total value = 706,290,200,000

Strike  92600  has a total call value of 713,317,000,000  versus a total put value of  0. Combined total value = 713,317,000,000

Strike  92700  has a total call value of 720,345,400,000  versus a total put value of  0. Combined total value = 720,345,400,000

Strike  92800  has a total call value of 727,376,600,000  versus a total put value of  0. Combined total value = 727,376,600,000

Strike  92900  has a total call value of 734,410,800,000  versus a total put value of  0. Combined total value = 734,410,800,000

Strike  93000  has a total call value of 741,446,400,000  versus a total put value of  0. Combined total value = 741,446,400,000

Strike  93100  has a total call value of 748,482,200,000  versus a total put value of  0. Combined total value = 748,482,200,000

Strike  93200  has a total call value of 755,519,400,000  versus a total put value of  0. Combined total value = 755,519,400,000

Strike  93300  has a total call value of 762,558,200,000  versus a total put value of  0. Combined total value = 762,558,200,000

Strike  93400  has a total call value of 769,598,200,000  versus a total put value of  0. Combined total value = 769,598,200,000

Strike  93500  has a total call value of 776,639,600,000  versus a total put value of  0. Combined total value = 776,639,600,000

Strike  93600  has a total call value of 783,682,600,000  versus a total put value of  0. Combined total value = 783,682,600,000

Strike  93700  has a total call value of 790,726,800,000  versus a total put value of  0. Combined total value = 790,726,800,000

Strike  93800  has a total call value of 797,772,400,000  versus a total put value of  0. Combined total value = 797,772,400,000

Strike  93900  has a total call value of 804,820,000,000  versus a total put value of  0. Combined total value = 804,820,000,000

Strike  94000  has a total call value of 811,870,400,000  versus a total put value of  0. Combined total value = 811,870,400,000

Strike  94100  has a total call value of 818,922,200,000  versus a total put value of  0. Combined total value = 818,922,200,000

Strike  94200  has a total call value of 825,975,200,000  versus a total put value of  0. Combined total value = 825,975,200,000

Strike  94300  has a total call value of 833,030,200,000  versus a total put value of  0. Combined total value = 833,030,200,000

Strike  94400  has a total call value of 840,087,000,000  versus a total put value of  0. Combined total value = 840,087,000,000

Strike  94500  has a total call value of 847,145,800,000  versus a total put value of  0. Combined total value = 847,145,800,000

Strike  94600  has a total call value of 854,206,200,000  versus a total put value of  0. Combined total value = 854,206,200,000

Strike  94700  has a total call value of 861,271,200,000  versus a total put value of  0. Combined total value = 861,271,200,000

Strike  94800  has a total call value of 868,338,400,000  versus a total put value of  0. Combined total value = 868,338,400,000

Strike  94900  has a total call value of 875,407,000,000  versus a total put value of  0. Combined total value = 875,407,000,000

Strike  95000  has a total call value of 882,478,000,000  versus a total put value of  0. Combined total value = 882,478,000,000

Strike  95100  has a total call value of 889,628,000,000  versus a total put value of  0. Combined total value = 889,628,000,000

Strike  95200  has a total call value of 896,779,600,000  versus a total put value of  0. Combined total value = 896,779,600,000

Strike  95300  has a total call value of 903,933,200,000  versus a total put value of  0. Combined total value = 903,933,200,000

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.