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SENSEX
Sensex

76614.3 443.22 (0.58%)

Max pain for SENSEX

13 Feb 2025 11:21 AM IST

Max Pain for SENSEX is 76500  



Strike  70400  has a total call value of 0  versus a total put value of  2,351,073,800,000 Combined total value = 2,351,073,800,000

Strike  70500  has a total call value of 0  versus a total put value of  2,292,105,000,000 Combined total value = 2,292,105,000,000

Strike  70600  has a total call value of 0  versus a total put value of  2,234,452,000,000 Combined total value = 2,234,452,000,000

Strike  70700  has a total call value of 0  versus a total put value of  2,176,879,600,000 Combined total value = 2,176,879,600,000

Strike  70800  has a total call value of 0  versus a total put value of  2,119,339,000,000 Combined total value = 2,119,339,000,000

Strike  70900  has a total call value of 0  versus a total put value of  2,061,855,600,000 Combined total value = 2,061,855,600,000

Strike  71000  has a total call value of 0  versus a total put value of  2,004,427,800,000 Combined total value = 2,004,427,800,000

Strike  71100  has a total call value of 0  versus a total put value of  1,948,351,600,000 Combined total value = 1,948,351,600,000

Strike  71200  has a total call value of 0  versus a total put value of  1,892,324,800,000 Combined total value = 1,892,324,800,000

Strike  71300  has a total call value of 0  versus a total put value of  1,836,375,400,000 Combined total value = 1,836,375,400,000

Strike  71400  has a total call value of 0  versus a total put value of  1,780,459,000,000 Combined total value = 1,780,459,000,000

Strike  71500  has a total call value of 0  versus a total put value of  1,724,623,200,000 Combined total value = 1,724,623,200,000

Strike  71600  has a total call value of 0  versus a total put value of  1,670,604,000,000 Combined total value = 1,670,604,000,000

Strike  71700  has a total call value of 0  versus a total put value of  1,616,707,200,000 Combined total value = 1,616,707,200,000

Strike  71800  has a total call value of 0  versus a total put value of  1,562,891,200,000 Combined total value = 1,562,891,200,000

Strike  71900  has a total call value of 0  versus a total put value of  1,509,166,400,000 Combined total value = 1,509,166,400,000

Strike  72000  has a total call value of 0  versus a total put value of  1,455,581,800,000 Combined total value = 1,455,581,800,000

Strike  72100  has a total call value of 0  versus a total put value of  1,404,717,000,000 Combined total value = 1,404,717,000,000

Strike  72200  has a total call value of 0  versus a total put value of  1,354,142,000,000 Combined total value = 1,354,142,000,000

Strike  72300  has a total call value of 0  versus a total put value of  1,303,892,600,000 Combined total value = 1,303,892,600,000

Strike  72400  has a total call value of 0  versus a total put value of  1,253,860,800,000 Combined total value = 1,253,860,800,000

Strike  72500  has a total call value of 0  versus a total put value of  1,204,028,200,000 Combined total value = 1,204,028,200,000

Strike  72600  has a total call value of 0  versus a total put value of  1,156,490,400,000 Combined total value = 1,156,490,400,000

Strike  72700  has a total call value of 0  versus a total put value of  1,109,045,400,000 Combined total value = 1,109,045,400,000

Strike  72800  has a total call value of 0  versus a total put value of  1,061,821,400,000 Combined total value = 1,061,821,400,000

Strike  72900  has a total call value of 0  versus a total put value of  1,014,986,400,000 Combined total value = 1,014,986,400,000

Strike  73000  has a total call value of 0  versus a total put value of  968,527,800,000 Combined total value = 968,527,800,000

Strike  73100  has a total call value of 0  versus a total put value of  926,118,200,000 Combined total value = 926,118,200,000

Strike  73200  has a total call value of 0  versus a total put value of  883,955,200,000 Combined total value = 883,955,200,000

Strike  73300  has a total call value of 0  versus a total put value of  842,154,600,000 Combined total value = 842,154,600,000

Strike  73400  has a total call value of 0  versus a total put value of  800,621,400,000 Combined total value = 800,621,400,000

Strike  73500  has a total call value of 0  versus a total put value of  759,521,000,000 Combined total value = 759,521,000,000

Strike  73600  has a total call value of 0  versus a total put value of  721,051,400,000 Combined total value = 721,051,400,000

Strike  73700  has a total call value of 0  versus a total put value of  682,976,400,000 Combined total value = 682,976,400,000

Strike  73800  has a total call value of 0  versus a total put value of  645,258,600,000 Combined total value = 645,258,600,000

Strike  73900  has a total call value of 0  versus a total put value of  607,946,800,000 Combined total value = 607,946,800,000

Strike  74000  has a total call value of 0  versus a total put value of  570,911,200,000 Combined total value = 570,911,200,000

Strike  74100  has a total call value of 11,600,000  versus a total put value of  538,563,400,000 Combined total value = 538,575,000,000

Strike  74200  has a total call value of 23,400,000  versus a total put value of  506,712,400,000 Combined total value = 506,735,800,000

Strike  74300  has a total call value of 36,600,000  versus a total put value of  475,377,800,000 Combined total value = 475,414,400,000

Strike  74400  has a total call value of 50,200,000  versus a total put value of  444,382,800,000 Combined total value = 444,433,000,000

Strike  74500  has a total call value of 64,000,000  versus a total put value of  413,942,000,000 Combined total value = 414,006,000,000

Strike  74600  has a total call value of 105,800,000  versus a total put value of  385,562,600,000 Combined total value = 385,668,400,000

Strike  74700  has a total call value of 148,400,000  versus a total put value of  357,573,400,000 Combined total value = 357,721,800,000

Strike  74800  has a total call value of 193,600,000  versus a total put value of  329,974,800,000 Combined total value = 330,168,400,000

Strike  74900  has a total call value of 252,600,000  versus a total put value of  303,009,400,000 Combined total value = 303,262,000,000

Strike  75000  has a total call value of 346,000,000  versus a total put value of  276,675,400,000 Combined total value = 277,021,400,000

Strike  75100  has a total call value of 479,200,000  versus a total put value of  253,273,600,000 Combined total value = 253,752,800,000

Strike  75200  has a total call value of 628,600,000  versus a total put value of  230,508,600,000 Combined total value = 231,137,200,000

Strike  75300  has a total call value of 829,200,000  versus a total put value of  208,483,200,000 Combined total value = 209,312,400,000

Strike  75400  has a total call value of 1,081,600,000  versus a total put value of  187,986,000,000 Combined total value = 189,067,600,000

Strike  75500  has a total call value of 1,433,800,000  versus a total put value of  168,365,000,000 Combined total value = 169,798,800,000

Strike  75600  has a total call value of 1,968,400,000  versus a total put value of  150,395,400,000 Combined total value = 152,363,800,000

Strike  75700  has a total call value of 2,631,600,000  versus a total put value of  133,273,400,000 Combined total value = 135,905,000,000

Strike  75800  has a total call value of 3,444,800,000  versus a total put value of  117,113,000,000 Combined total value = 120,557,800,000

Strike  75900  has a total call value of 4,407,800,000  versus a total put value of  101,810,800,000 Combined total value = 106,218,600,000

Strike  76000  has a total call value of 5,518,600,000  versus a total put value of  87,163,200,000 Combined total value = 92,681,800,000

Strike  76100  has a total call value of 7,404,000,000  versus a total put value of  74,874,200,000 Combined total value = 82,278,200,000

Strike  76200  has a total call value of 9,558,000,000  versus a total put value of  63,684,000,000 Combined total value = 73,242,000,000

Strike  76300  has a total call value of 12,302,200,000  versus a total put value of  53,809,600,000 Combined total value = 66,111,800,000

Strike  76400  has a total call value of 15,886,600,000  versus a total put value of  45,225,200,000 Combined total value = 61,111,800,000

Strike  76500  has a total call value of 20,217,400,000  versus a total put value of  37,765,800,000 Combined total value = 57,983,200,000

Strike  76600  has a total call value of 26,961,800,000  versus a total put value of  32,738,400,000 Combined total value = 59,700,200,000

Strike  76700  has a total call value of 34,928,200,000  versus a total put value of  28,706,800,000 Combined total value = 63,635,000,000

Strike  76800  has a total call value of 43,889,200,000  versus a total put value of  25,363,000,000 Combined total value = 69,252,200,000

Strike  76900  has a total call value of 53,667,400,000  versus a total put value of  22,392,600,000 Combined total value = 76,060,000,000

Strike  77000  has a total call value of 64,264,400,000  versus a total put value of  19,578,400,000 Combined total value = 83,842,800,000

Strike  77100  has a total call value of 77,248,000,000  versus a total put value of  17,555,400,000 Combined total value = 94,803,400,000

Strike  77200  has a total call value of 90,898,000,000  versus a total put value of  15,639,400,000 Combined total value = 106,537,400,000

Strike  77300  has a total call value of 105,166,200,000  versus a total put value of  13,828,400,000 Combined total value = 118,994,600,000

Strike  77400  has a total call value of 120,073,000,000  versus a total put value of  12,219,600,000 Combined total value = 132,292,600,000

Strike  77500  has a total call value of 135,629,800,000  versus a total put value of  10,672,400,000 Combined total value = 146,302,200,000

Strike  77600  has a total call value of 153,190,600,000  versus a total put value of  9,599,200,000 Combined total value = 162,789,800,000

Strike  77700  has a total call value of 171,806,000,000  versus a total put value of  8,638,200,000 Combined total value = 180,444,200,000

Strike  77800  has a total call value of 190,966,400,000  versus a total put value of  7,709,200,000 Combined total value = 198,675,600,000

Strike  77900  has a total call value of 210,790,200,000  versus a total put value of  6,800,600,000 Combined total value = 217,590,800,000

Strike  78000  has a total call value of 231,170,400,000  versus a total put value of  5,900,800,000 Combined total value = 237,071,200,000

Strike  78100  has a total call value of 254,926,200,000  versus a total put value of  5,399,600,000 Combined total value = 260,325,800,000

Strike  78200  has a total call value of 279,245,400,000  versus a total put value of  4,907,400,000 Combined total value = 284,152,800,000

Strike  78300  has a total call value of 304,099,200,000  versus a total put value of  4,428,000,000 Combined total value = 308,527,200,000

Strike  78400  has a total call value of 329,352,000,000  versus a total put value of  3,954,000,000 Combined total value = 333,306,000,000

Strike  78500  has a total call value of 354,996,600,000  versus a total put value of  3,486,400,000 Combined total value = 358,483,000,000

Strike  78600  has a total call value of 382,738,800,000  versus a total put value of  3,075,000,000 Combined total value = 385,813,800,000

Strike  78700  has a total call value of 410,934,600,000  versus a total put value of  2,667,800,000 Combined total value = 413,602,400,000

Strike  78800  has a total call value of 439,471,600,000  versus a total put value of  2,264,000,000 Combined total value = 441,735,600,000

Strike  78900  has a total call value of 468,442,600,000  versus a total put value of  1,861,800,000 Combined total value = 470,304,400,000

Strike  79000  has a total call value of 497,876,000,000  versus a total put value of  1,460,000,000 Combined total value = 499,336,000,000

Strike  79100  has a total call value of 532,886,000,000  versus a total put value of  1,345,800,000 Combined total value = 534,231,800,000

Strike  79200  has a total call value of 568,375,800,000  versus a total put value of  1,231,600,000 Combined total value = 569,607,400,000

Strike  79300  has a total call value of 604,281,600,000  versus a total put value of  1,117,400,000 Combined total value = 605,399,000,000

Strike  79400  has a total call value of 640,801,600,000  versus a total put value of  1,003,200,000 Combined total value = 641,804,800,000

Strike  79500  has a total call value of 677,778,200,000  versus a total put value of  889,000,000 Combined total value = 678,667,200,000

Strike  79600  has a total call value of 717,476,400,000  versus a total put value of  777,600,000 Combined total value = 718,254,000,000

Strike  79700  has a total call value of 757,609,000,000  versus a total put value of  666,200,000 Combined total value = 758,275,200,000

Strike  79800  has a total call value of 798,227,200,000  versus a total put value of  554,800,000 Combined total value = 798,782,000,000

Strike  79900  has a total call value of 839,172,400,000  versus a total put value of  443,400,000 Combined total value = 839,615,800,000

Strike  80000  has a total call value of 880,453,600,000  versus a total put value of  332,000,000 Combined total value = 880,785,600,000

Strike  80100  has a total call value of 926,304,000,000  versus a total put value of  308,600,000 Combined total value = 926,612,600,000

Strike  80200  has a total call value of 972,546,200,000  versus a total put value of  285,200,000 Combined total value = 972,831,400,000

Strike  80300  has a total call value of 1,019,211,200,000  versus a total put value of  261,800,000 Combined total value = 1,019,473,000,000

Strike  80400  has a total call value of 1,066,108,600,000  versus a total put value of  238,400,000 Combined total value = 1,066,347,000,000

Strike  80500  has a total call value of 1,113,110,200,000  versus a total put value of  215,000,000 Combined total value = 1,113,325,200,000

Strike  80600  has a total call value of 1,163,420,000,000  versus a total put value of  191,600,000 Combined total value = 1,163,611,600,000

Strike  80700  has a total call value of 1,213,821,200,000  versus a total put value of  168,200,000 Combined total value = 1,213,989,400,000

Strike  80800  has a total call value of 1,264,415,800,000  versus a total put value of  144,800,000 Combined total value = 1,264,560,600,000

Strike  80900  has a total call value of 1,315,109,600,000  versus a total put value of  121,400,000 Combined total value = 1,315,231,000,000

Strike  81000  has a total call value of 1,365,979,400,000  versus a total put value of  98,000,000 Combined total value = 1,366,077,400,000

Strike  81100  has a total call value of 1,420,572,800,000  versus a total put value of  88,200,000 Combined total value = 1,420,661,000,000

Strike  81200  has a total call value of 1,475,295,400,000  versus a total put value of  78,400,000 Combined total value = 1,475,373,800,000

Strike  81300  has a total call value of 1,530,106,600,000  versus a total put value of  68,600,000 Combined total value = 1,530,175,200,000

Strike  81400  has a total call value of 1,584,991,200,000  versus a total put value of  58,800,000 Combined total value = 1,585,050,000,000

Strike  81500  has a total call value of 1,639,921,400,000  versus a total put value of  49,000,000 Combined total value = 1,639,970,400,000

Strike  81600  has a total call value of 1,695,246,600,000  versus a total put value of  39,200,000 Combined total value = 1,695,285,800,000

Strike  81700  has a total call value of 1,750,734,800,000  versus a total put value of  29,400,000 Combined total value = 1,750,764,200,000

Strike  81800  has a total call value of 1,806,295,000,000  versus a total put value of  19,600,000 Combined total value = 1,806,314,600,000

Strike  81900  has a total call value of 1,861,855,200,000  versus a total put value of  9,800,000 Combined total value = 1,861,865,000,000

Strike  82000  has a total call value of 1,917,417,400,000  versus a total put value of  0 Combined total value = 1,917,417,400,000

Strike  82100  has a total call value of 1,975,622,800,000  versus a total put value of  0 Combined total value = 1,975,622,800,000

Strike  82200  has a total call value of 2,033,828,200,000  versus a total put value of  0 Combined total value = 2,033,828,200,000

Strike  82300  has a total call value of 2,092,033,600,000  versus a total put value of  0 Combined total value = 2,092,033,600,000

Strike  82400  has a total call value of 2,150,320,800,000  versus a total put value of  0 Combined total value = 2,150,320,800,000

Strike  82500  has a total call value of 2,208,660,200,000  versus a total put value of  0 Combined total value = 2,208,660,200,000

Strike  82600  has a total call value of 2,267,339,400,000  versus a total put value of  0 Combined total value = 2,267,339,400,000

Strike  82700  has a total call value of 2,326,018,600,000  versus a total put value of  0 Combined total value = 2,326,018,600,000

Strike  82800  has a total call value of 2,384,699,600,000  versus a total put value of  0 Combined total value = 2,384,699,600,000

Strike  82900  has a total call value of 2,443,380,600,000  versus a total put value of  0 Combined total value = 2,443,380,600,000

Strike  83000  has a total call value of 2,502,065,000,000  versus a total put value of  0 Combined total value = 2,502,065,000,000

Strike  83100  has a total call value of 2,561,188,800,000  versus a total put value of  0 Combined total value = 2,561,188,800,000

Strike  83200  has a total call value of 2,620,314,600,000  versus a total put value of  0 Combined total value = 2,620,314,600,000

Strike  83300  has a total call value of 2,679,440,400,000  versus a total put value of  0 Combined total value = 2,679,440,400,000

Strike  83400  has a total call value of 2,738,569,000,000  versus a total put value of  0 Combined total value = 2,738,569,000,000

Strike  83500  has a total call value of 2,797,697,600,000  versus a total put value of  0 Combined total value = 2,797,697,600,000

Strike  83600  has a total call value of 2,859,089,400,000  versus a total put value of  0 Combined total value = 2,859,089,400,000


  Note:- click on symbol to see more detailed view
Max Pain
Symbol Symbol Ltp Max Pain
AARTIIND 437.4 450
ABB 5531.05 5600
ABBOTINDIA 28743.15 28000
ABCAPITAL 162.12 172.5
ABFRL 257.5 275
ACC 1938.65 2000
ADANIENSOL 766.25 760
ADANIENT 2327.05 2460
ADANIGREEN 935.95 960
ADANIPORTS 1138.4 1120
ALKEM 4710.9 4800
AMBUJACEM 508.7 510
ANGELONE 2354.15 2300
APLAPOLLO 1372.6 1440
APOLLOHOSP 6372 6450
APOLLOTYRE 420.5 420
ASHOKLEY 220.09 215
ASIANPAINT 2237.1 2280
ASTRAL 1388.1 1460
ATGL 602.75 620
ATUL 5740 5900
AUBANK 555.2 570
AUROPHARMA 1192.95 1200
AXISBANK 1013.95 1010
BAJAJ-AUTO 8745.05 8900
BAJAJFINSV 1830.15 1800
BAJFINANCE 8443 8200
BALKRISIND 2676.75 2660
BANDHANBNK 142.28 150
BANKBARODA 212.35 215
BANKINDIA 102.26 104
BATAINDIA 1324.05 1340
BEL 264.25 275
BERGEPAINT 489.55 485
BHARATFORG 1089.95 1120
BHARTIARTL 1724.7 1700
BHEL 203.95 205
BIOCON 364 365
BOSCHLTD 27411.35 29500
BPCL 258.6 260
BRITANNIA 4930.45 4950
BSE 5342.35 5300
BSOFT 515.65 520
CAMS 3491.7 3500
CANBK 90.21 93
CANFINHOME 617.15 640
CDSL 1261.85 1280
CESC 128.33 135
CGPOWER 592.7 600
CHAMBLFERT 541.75 530
CHOLAFIN 1394.4 1340
CIPLA 1486.1 1460
COALINDIA 364.85 385
COFORGE 8019.75 8300
COLPAL 2516.6 2620
CONCOR 706.25 730
COROMANDEL 1850 1800
CROMPTON 345.05 350
CUB 170.69 170
CUMMINSIND 2834.95 2900
CYIENT 1476.15 1420
DABUR 524.85 530
DALBHARAT 1808.3 1820
DEEPAKNTR 2243.6 2300
DELHIVERY 287 295
DIVISLAB 6089.75 6000
DIXON 15018.9 15000
DLF 687.6 710
DMART 3676.15 3750
DRREDDY 1222.65 1220
EICHERMOT 4902.9 5000
ESCORTS 3028.3 3200
EXIDEIND 368.4 375
FEDERALBNK 183.72 185
GAIL 164.11 163.5
GLENMARK 1422.2 1460
GMRAIRPORT 73.48 75
GMRINFRA 0 76
GNFC 573.5 560
GODREJCP 1066.05 1100
GODREJPROP 2024.45 2100
GRANULES 552.4 550
GRASIM 2509.9 2500
GUJGASLTD 414.5 425
HAL 3712.6 3750
HAVELLS 1527.95 1560
HCLTECH 1717.6 1720
HDFCAMC 3764.15 3800
HDFCBANK 1711.55 1720
HDFCLIFE 638.4 630
HEROMOTOCO 4003.35 4100
HFCL 93.4 100
HINDALCO 604.7 600
HINDCOPPER 230.99 230
HINDPETRO 325.95 340
HINDUNILVR 2338 2400
HUDCO 195.6 200
ICICIBANK 1260.5 1260
ICICIGI 1788.15 1840
ICICIPRULI 590.1 600
IDEA 8.95 9
IDFCFIRSTB 62.27 62
IEX 171.78 175
IGL 195.13 195
INDHOTEL 741.85 770
INDIAMART 2217 2180
INDIANB 523.45 530
INDIGO 4334.65 4400
INDUSINDBK 1048.95 1050
INDUSTOWER 355.9 360
INFY 1857.05 1880
IOC 121.38 125
IPCALAB 1467 1440
IRB 50.39 52
IRCTC 762.7 780
IRFC 127.94 130
ITC 412.4 425
JINDALSTEL 850.1 840
JIOFIN 232.64 240
JKCEMENT 4829 4800
JSL 608.85 600
JSWENERGY 475.35 470
JSWSTEEL 976.75 960
JUBLFOOD 686.05 680
KALYANKJIL 520.4 500
KEI 3475.1 3600
KOTAKBANK 1973.3 1940
KPITTECH 1353.3 1400
LALPATHLAB 2661.65 2800
LAURUSLABS 614.45 600
LICHSGFIN 551.7 570
LICI 790 820
LODHA 1176.55 1200
LT 3286.7 3400
LTF 141.66 145
LTIM 5691.55 5800
LTTS 5093.3 5250
LUPIN 2105.15 2100
M&M 3007.15 3100
M&MFIN 281 280
MANAPPURAM 197.45 200
MARICO 638.45 650
MARUTI 12669.35 12700
MAXHEALTH 1007.05 1040
MCX 5720.4 5800
METROPOLIS 1735.45 1800
MFSL 1098.5 1100
MGL 1303.4 1320
MOTHERSON 128.76 135
MPHASIS 2656.4 2800
MRF 109609.7 110000
MUTHOOTFIN 2323.5 2280
NATIONALUM 192.9 195
NAUKRI 7678.55 7800
NAVINFLUOR 4135.1 4100
NBCC 87.48 85
NCC 202.5 205
NESTLEIND 2190.1 2240
NHPC 75.27 75
NMDC 64.03 65
NTPC 307.1 310
NYKAA 171.5 170
OBEROIRLTY 1612.6 1660
OFSS 9121 9250
OIL 414.35 410
ONGC 237.5 245
PAGEIND 42310.7 43000
PAYTM 772.65 780
PEL 984.8 1040
PERSISTENT 5754.5 5900
PETRONET 303.3 305
PFC 384.5 400
PHOENIXLTD 1604.1 1600
PIDILITIND 2844.2 2900
PIIND 3290 3450
PNB 96.12 98
POLICYBZR 1648.05 1600
POLYCAB 5677.15 5700
POONAWALLA 303.9 305
POWERGRID 259.3 270
PRESTIGE 1250 1300
PVRINOX 1062.85 1080
RAMCOCEM 871.1 880
RBLBANK 165.13 165
RECLTD 414 430
RELIANCE 1223.3 1250
SAIL 110.1 110
SBICARD 863.45 820
SBILIFE 1469.1 1460
SBIN 735.4 750
SHREECEM 28674.85 28000
SHRIRAMFIN 558.35 560
SIEMENS 5252 5300
SJVN 92.09 90
SOLARINDS 9021.75 9000
SONACOMS 517.7 520
SRF 2855.05 2820
SUNPHARMA 1717.7 1720
SUNTV 604 600
SUPREMEIND 3915.9 3900
SYNGENE 711.6 740
TATACHEM 882.05 940
TATACOMM 1549.9 1580
TATACONSUM 1032.5 1030
TATAELXSI 6143.35 6300
TATAMOTORS 690.2 700
TATAPOWER 353.85 370
TATASTEEL 136.98 136
TCS 3949.95 4000
TECHM 1684.55 1680
TIINDIA 2713.1 2900
TITAN 3256.4 3350
TORNTPHARM 3065.5 3150
TORNTPOWER 1276.7 1300
TRENT 5369.25 5400
TVSMOTOR 2504.1 2520
UBL 2046.1 2060
ULTRACEMCO 11619.65 11500
UNIONBANK 114.74 115
UNITDSPR 1408.55 1420
UPL 631.8 610
VBL 524.25 530
VEDL 428.8 440
VOLTAS 1292.6 1340
WIPRO 311.1 311.5
YESBANK 18.28 19
ZOMATO 218.96 220
ZYDUSLIFE 946.4 970

Note:
Stock LTP > Max Pain Bearish Trend
Stock LTP < Max Pain Bullish Trend

What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. Find the highest value strike price. This price is equivalent to max pain price.

How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.