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SENSEX
Sensex

76171.08 -122.52 (-0.16%)

Max pain for SENSEX

12 Feb 2025 04:11 PM IST

Max Pain for SENSEX is 76300  



Strike  70400  has a total call value of 0  versus a total put value of  1,363,387,800,000 Combined total value = 1,363,387,800,000

Strike  70500  has a total call value of 0  versus a total put value of  1,327,886,400,000 Combined total value = 1,327,886,400,000

Strike  70600  has a total call value of 0  versus a total put value of  1,293,180,800,000 Combined total value = 1,293,180,800,000

Strike  70700  has a total call value of 0  versus a total put value of  1,258,537,400,000 Combined total value = 1,258,537,400,000

Strike  70800  has a total call value of 0  versus a total put value of  1,223,908,200,000 Combined total value = 1,223,908,200,000

Strike  70900  has a total call value of 0  versus a total put value of  1,189,328,000,000 Combined total value = 1,189,328,000,000

Strike  71000  has a total call value of 0  versus a total put value of  1,154,754,600,000 Combined total value = 1,154,754,600,000

Strike  71100  has a total call value of 0  versus a total put value of  1,121,070,600,000 Combined total value = 1,121,070,600,000

Strike  71200  has a total call value of 0  versus a total put value of  1,087,422,400,000 Combined total value = 1,087,422,400,000

Strike  71300  has a total call value of 0  versus a total put value of  1,053,822,400,000 Combined total value = 1,053,822,400,000

Strike  71400  has a total call value of 0  versus a total put value of  1,020,243,800,000 Combined total value = 1,020,243,800,000

Strike  71500  has a total call value of 0  versus a total put value of  986,699,800,000 Combined total value = 986,699,800,000

Strike  71600  has a total call value of 0  versus a total put value of  955,198,000,000 Combined total value = 955,198,000,000

Strike  71700  has a total call value of 0  versus a total put value of  923,775,000,000 Combined total value = 923,775,000,000

Strike  71800  has a total call value of 0  versus a total put value of  892,479,000,000 Combined total value = 892,479,000,000

Strike  71900  has a total call value of 0  versus a total put value of  861,274,400,000 Combined total value = 861,274,400,000

Strike  72000  has a total call value of 0  versus a total put value of  830,175,000,000 Combined total value = 830,175,000,000

Strike  72100  has a total call value of 0  versus a total put value of  801,569,600,000 Combined total value = 801,569,600,000

Strike  72200  has a total call value of 0  versus a total put value of  773,153,200,000 Combined total value = 773,153,200,000

Strike  72300  has a total call value of 0  versus a total put value of  744,920,000,000 Combined total value = 744,920,000,000

Strike  72400  has a total call value of 0  versus a total put value of  716,790,200,000 Combined total value = 716,790,200,000

Strike  72500  has a total call value of 0  versus a total put value of  688,738,800,000 Combined total value = 688,738,800,000

Strike  72600  has a total call value of 0  versus a total put value of  661,615,000,000 Combined total value = 661,615,000,000

Strike  72700  has a total call value of 0  versus a total put value of  634,554,200,000 Combined total value = 634,554,200,000

Strike  72800  has a total call value of 0  versus a total put value of  607,592,600,000 Combined total value = 607,592,600,000

Strike  72900  has a total call value of 0  versus a total put value of  580,935,200,000 Combined total value = 580,935,200,000

Strike  73000  has a total call value of 0  versus a total put value of  554,467,600,000 Combined total value = 554,467,600,000

Strike  73100  has a total call value of 0  versus a total put value of  529,474,000,000 Combined total value = 529,474,000,000

Strike  73200  has a total call value of 0  versus a total put value of  504,626,400,000 Combined total value = 504,626,400,000

Strike  73300  has a total call value of 0  versus a total put value of  480,030,200,000 Combined total value = 480,030,200,000

Strike  73400  has a total call value of 0  versus a total put value of  455,556,400,000 Combined total value = 455,556,400,000

Strike  73500  has a total call value of 0  versus a total put value of  431,310,800,000 Combined total value = 431,310,800,000

Strike  73600  has a total call value of 0  versus a total put value of  408,608,400,000 Combined total value = 408,608,400,000

Strike  73700  has a total call value of 0  versus a total put value of  386,103,800,000 Combined total value = 386,103,800,000

Strike  73800  has a total call value of 0  versus a total put value of  363,822,400,000 Combined total value = 363,822,400,000

Strike  73900  has a total call value of 0  versus a total put value of  341,912,600,000 Combined total value = 341,912,600,000

Strike  74000  has a total call value of 0  versus a total put value of  320,189,800,000 Combined total value = 320,189,800,000

Strike  74100  has a total call value of 13,000,000  versus a total put value of  301,432,800,000 Combined total value = 301,445,800,000

Strike  74200  has a total call value of 26,200,000  versus a total put value of  282,996,600,000 Combined total value = 283,022,800,000

Strike  74300  has a total call value of 40,800,000  versus a total put value of  264,978,600,000 Combined total value = 265,019,400,000

Strike  74400  has a total call value of 55,800,000  versus a total put value of  247,247,000,000 Combined total value = 247,302,800,000

Strike  74500  has a total call value of 71,000,000  versus a total put value of  229,942,800,000 Combined total value = 230,013,800,000

Strike  74600  has a total call value of 114,200,000  versus a total put value of  214,002,600,000 Combined total value = 214,116,800,000

Strike  74700  has a total call value of 158,200,000  versus a total put value of  198,347,600,000 Combined total value = 198,505,800,000

Strike  74800  has a total call value of 204,800,000  versus a total put value of  183,009,800,000 Combined total value = 183,214,600,000

Strike  74900  has a total call value of 266,000,000  versus a total put value of  168,028,400,000 Combined total value = 168,294,400,000

Strike  75000  has a total call value of 362,800,000  versus a total put value of  153,521,000,000 Combined total value = 153,883,800,000

Strike  75100  has a total call value of 521,000,000  versus a total put value of  140,844,800,000 Combined total value = 141,365,800,000

Strike  75200  has a total call value of 696,000,000  versus a total put value of  128,521,200,000 Combined total value = 129,217,200,000

Strike  75300  has a total call value of 925,400,000  versus a total put value of  116,751,000,000 Combined total value = 117,676,400,000

Strike  75400  has a total call value of 1,212,800,000  versus a total put value of  105,921,200,000 Combined total value = 107,134,000,000

Strike  75500  has a total call value of 1,619,400,000  versus a total put value of  95,718,400,000 Combined total value = 97,337,800,000

Strike  75600  has a total call value of 2,252,000,000  versus a total put value of  86,613,800,000 Combined total value = 88,865,800,000

Strike  75700  has a total call value of 3,070,200,000  versus a total put value of  78,059,600,000 Combined total value = 81,129,800,000

Strike  75800  has a total call value of 4,084,400,000  versus a total put value of  70,060,400,000 Combined total value = 74,144,800,000

Strike  75900  has a total call value of 5,348,000,000  versus a total put value of  62,500,200,000 Combined total value = 67,848,200,000

Strike  76000  has a total call value of 6,793,200,000  versus a total put value of  55,390,800,000 Combined total value = 62,184,000,000

Strike  76100  has a total call value of 9,330,600,000  versus a total put value of  49,522,800,000 Combined total value = 58,853,400,000

Strike  76200  has a total call value of 12,179,600,000  versus a total put value of  44,379,200,000 Combined total value = 56,558,800,000

Strike  76300  has a total call value of 15,615,600,000  versus a total put value of  39,841,000,000 Combined total value = 55,456,600,000

Strike  76400  has a total call value of 19,808,600,000  versus a total put value of  35,744,400,000 Combined total value = 55,553,000,000

Strike  76500  has a total call value of 24,442,400,000  versus a total put value of  31,862,800,000 Combined total value = 56,305,200,000

Strike  76600  has a total call value of 30,526,600,000  versus a total put value of  29,006,000,000 Combined total value = 59,532,600,000

Strike  76700  has a total call value of 36,932,400,000  versus a total put value of  26,338,200,000 Combined total value = 63,270,600,000

Strike  76800  has a total call value of 43,645,600,000  versus a total put value of  23,762,200,000 Combined total value = 67,407,800,000

Strike  76900  has a total call value of 50,680,000,000  versus a total put value of  21,332,200,000 Combined total value = 72,012,200,000

Strike  77000  has a total call value of 57,979,000,000  versus a total put value of  18,971,000,000 Combined total value = 76,950,000,000

Strike  77100  has a total call value of 66,975,400,000  versus a total put value of  17,181,000,000 Combined total value = 84,156,400,000

Strike  77200  has a total call value of 76,431,400,000  versus a total put value of  15,454,000,000 Combined total value = 91,885,400,000

Strike  77300  has a total call value of 86,270,400,000  versus a total put value of  13,784,200,000 Combined total value = 100,054,600,000

Strike  77400  has a total call value of 96,438,000,000  versus a total put value of  12,227,000,000 Combined total value = 108,665,000,000

Strike  77500  has a total call value of 107,027,600,000  versus a total put value of  10,715,400,000 Combined total value = 117,743,000,000

Strike  77600  has a total call value of 119,249,600,000  versus a total put value of  9,605,600,000 Combined total value = 128,855,200,000

Strike  77700  has a total call value of 131,865,600,000  versus a total put value of  8,641,800,000 Combined total value = 140,507,400,000

Strike  77800  has a total call value of 144,885,600,000  versus a total put value of  7,707,200,000 Combined total value = 152,592,800,000

Strike  77900  has a total call value of 158,378,400,000  versus a total put value of  6,793,600,000 Combined total value = 165,172,000,000

Strike  78000  has a total call value of 172,249,200,000  versus a total put value of  5,888,800,000 Combined total value = 178,138,000,000

Strike  78100  has a total call value of 188,727,400,000  versus a total put value of  5,391,000,000 Combined total value = 194,118,400,000

Strike  78200  has a total call value of 205,604,800,000  versus a total put value of  4,902,200,000 Combined total value = 210,507,000,000

Strike  78300  has a total call value of 223,664,400,000  versus a total put value of  4,422,400,000 Combined total value = 228,086,800,000

Strike  78400  has a total call value of 242,060,000,000  versus a total put value of  3,948,200,000 Combined total value = 246,008,200,000

Strike  78500  has a total call value of 260,693,800,000  versus a total put value of  3,480,400,000 Combined total value = 264,174,200,000

Strike  78600  has a total call value of 280,484,600,000  versus a total put value of  3,069,400,000 Combined total value = 283,554,000,000

Strike  78700  has a total call value of 300,627,000,000  versus a total put value of  2,662,600,000 Combined total value = 303,289,600,000

Strike  78800  has a total call value of 321,040,600,000  versus a total put value of  2,259,200,000 Combined total value = 323,299,800,000

Strike  78900  has a total call value of 341,874,400,000  versus a total put value of  1,857,400,000 Combined total value = 343,731,800,000

Strike  79000  has a total call value of 363,087,400,000  versus a total put value of  1,456,000,000 Combined total value = 364,543,400,000

Strike  79100  has a total call value of 387,044,800,000  versus a total put value of  1,342,200,000 Combined total value = 388,387,000,000

Strike  79200  has a total call value of 411,255,200,000  versus a total put value of  1,228,400,000 Combined total value = 412,483,600,000

Strike  79300  has a total call value of 435,820,200,000  versus a total put value of  1,114,600,000 Combined total value = 436,934,800,000

Strike  79400  has a total call value of 460,785,200,000  versus a total put value of  1,000,800,000 Combined total value = 461,786,000,000

Strike  79500  has a total call value of 485,966,000,000  versus a total put value of  887,000,000 Combined total value = 486,853,000,000

Strike  79600  has a total call value of 512,817,600,000  versus a total put value of  776,000,000 Combined total value = 513,593,600,000

Strike  79700  has a total call value of 539,857,400,000  versus a total put value of  665,000,000 Combined total value = 540,522,400,000

Strike  79800  has a total call value of 567,235,600,000  versus a total put value of  554,000,000 Combined total value = 567,789,600,000

Strike  79900  has a total call value of 594,863,000,000  versus a total put value of  443,000,000 Combined total value = 595,306,000,000

Strike  80000  has a total call value of 622,705,200,000  versus a total put value of  332,000,000 Combined total value = 623,037,200,000

Strike  80100  has a total call value of 654,081,200,000  versus a total put value of  308,600,000 Combined total value = 654,389,800,000

Strike  80200  has a total call value of 685,790,800,000  versus a total put value of  285,200,000 Combined total value = 686,076,000,000

Strike  80300  has a total call value of 717,896,600,000  versus a total put value of  261,800,000 Combined total value = 718,158,400,000

Strike  80400  has a total call value of 750,177,800,000  versus a total put value of  238,400,000 Combined total value = 750,416,200,000

Strike  80500  has a total call value of 782,554,200,000  versus a total put value of  215,000,000 Combined total value = 782,769,200,000

Strike  80600  has a total call value of 818,147,200,000  versus a total put value of  191,600,000 Combined total value = 818,338,800,000

Strike  80700  has a total call value of 853,861,000,000  versus a total put value of  168,200,000 Combined total value = 854,029,200,000

Strike  80800  has a total call value of 889,830,800,000  versus a total put value of  144,800,000 Combined total value = 889,975,600,000

Strike  80900  has a total call value of 925,925,400,000  versus a total put value of  121,400,000 Combined total value = 926,046,800,000

Strike  81000  has a total call value of 962,169,000,000  versus a total put value of  98,000,000 Combined total value = 962,267,000,000

Strike  81100  has a total call value of 1,001,828,800,000  versus a total put value of  88,200,000 Combined total value = 1,001,917,000,000

Strike  81200  has a total call value of 1,041,543,400,000  versus a total put value of  78,400,000 Combined total value = 1,041,621,800,000

Strike  81300  has a total call value of 1,081,326,800,000  versus a total put value of  68,600,000 Combined total value = 1,081,395,400,000

Strike  81400  has a total call value of 1,121,206,400,000  versus a total put value of  58,800,000 Combined total value = 1,121,265,200,000

Strike  81500  has a total call value of 1,161,127,800,000  versus a total put value of  49,000,000 Combined total value = 1,161,176,800,000

Strike  81600  has a total call value of 1,201,418,000,000  versus a total put value of  39,200,000 Combined total value = 1,201,457,200,000

Strike  81700  has a total call value of 1,241,793,000,000  versus a total put value of  29,400,000 Combined total value = 1,241,822,400,000

Strike  81800  has a total call value of 1,282,184,200,000  versus a total put value of  19,600,000 Combined total value = 1,282,203,800,000

Strike  81900  has a total call value of 1,322,575,400,000  versus a total put value of  9,800,000 Combined total value = 1,322,585,200,000

Strike  82000  has a total call value of 1,362,966,600,000  versus a total put value of  0 Combined total value = 1,362,966,600,000

Strike  82100  has a total call value of 1,405,529,800,000  versus a total put value of  0 Combined total value = 1,405,529,800,000

Strike  82200  has a total call value of 1,448,093,000,000  versus a total put value of  0 Combined total value = 1,448,093,000,000

Strike  82300  has a total call value of 1,490,656,200,000  versus a total put value of  0 Combined total value = 1,490,656,200,000

Strike  82400  has a total call value of 1,533,261,200,000  versus a total put value of  0 Combined total value = 1,533,261,200,000

Strike  82500  has a total call value of 1,575,866,200,000  versus a total put value of  0 Combined total value = 1,575,866,200,000

Strike  82600  has a total call value of 1,618,759,800,000  versus a total put value of  0 Combined total value = 1,618,759,800,000

Strike  82700  has a total call value of 1,661,653,400,000  versus a total put value of  0 Combined total value = 1,661,653,400,000

Strike  82800  has a total call value of 1,704,548,600,000  versus a total put value of  0 Combined total value = 1,704,548,600,000

Strike  82900  has a total call value of 1,747,443,800,000  versus a total put value of  0 Combined total value = 1,747,443,800,000

Strike  83000  has a total call value of 1,790,341,400,000  versus a total put value of  0 Combined total value = 1,790,341,400,000

Strike  83100  has a total call value of 1,833,574,600,000  versus a total put value of  0 Combined total value = 1,833,574,600,000

Strike  83200  has a total call value of 1,876,808,000,000  versus a total put value of  0 Combined total value = 1,876,808,000,000

Strike  83300  has a total call value of 1,920,041,400,000  versus a total put value of  0 Combined total value = 1,920,041,400,000

Strike  83400  has a total call value of 1,963,276,000,000  versus a total put value of  0 Combined total value = 1,963,276,000,000

Strike  83500  has a total call value of 2,006,510,600,000  versus a total put value of  0 Combined total value = 2,006,510,600,000

Strike  83600  has a total call value of 2,052,034,200,000  versus a total put value of  0 Combined total value = 2,052,034,200,000


  Note:- click on symbol to see more detailed view
Max Pain
Symbol Symbol Ltp Max Pain
AARTIIND 442.25 450
ABB 5449.55 5600
ABBOTINDIA 28780 29000
ABCAPITAL 158.59 175
ABFRL 258 280
ACC 1928.75 2000
ADANIENSOL 756.8 760
ADANIENT 2353.45 2500
ADANIGREEN 916.9 960
ADANIPORTS 1128.95 1120
ALKEM 4708.6 4850
AMBUJACEM 501.1 520
ANGELONE 2348.6 2300
APLAPOLLO 1339.95 1440
APOLLOHOSP 6374.55 6500
APOLLOTYRE 412.8 420
ASHOKLEY 219.35 215
ASIANPAINT 2228.25 2300
ASTRAL 1394.2 1480
ATGL 595.75 610
ATUL 5669.3 6000
AUBANK 554.4 580
AUROPHARMA 1144.55 1180
AXISBANK 1006.9 1010
BAJAJ-AUTO 8711.6 8900
BAJAJFINSV 1788.7 1780
BAJFINANCE 8214.05 8100
BALKRISIND 2638 2700
BANDHANBNK 142.43 152.5
BANKBARODA 212.54 220
BANKINDIA 102.5 105
BATAINDIA 1353.6 1340
BEL 259.15 275
BERGEPAINT 484.7 485
BHARATFORG 1104.65 1140
BHARTIARTL 1711.55 1680
BHEL 198.83 205
BIOCON 355.95 370
BOSCHLTD 27390.5 30000
BPCL 255.6 260
BRITANNIA 4918.3 4950
BSE 5355.3 5300
BSOFT 502.65 520
CAMS 3528 3600
CANBK 90.54 95
CANFINHOME 616.45 650
CDSL 1235.7 1300
CESC 127.93 135
CGPOWER 576.75 600
CHAMBLFERT 529.3 530
CHOLAFIN 1351.85 1320
CIPLA 1449.2 1460
COALINDIA 360.35 385
COFORGE 8004.4 8300
COLPAL 2529.4 2660
CONCOR 691.15 740
COROMANDEL 1840.85 1800
CROMPTON 340 355
CUB 166.48 170
CUMMINSIND 2810.9 2900
CYIENT 1433 1420
DABUR 525.75 530
DALBHARAT 1800.05 1820
DEEPAKNTR 2203.05 2300
DELHIVERY 273.8 295
DIVISLAB 5969.85 6000
DIXON 14766 15000
DLF 680.05 720
DMART 3689.9 3750
DRREDDY 1215.85 1210
EICHERMOT 4849.45 5000
ESCORTS 3023 3200
EXIDEIND 365.7 375
FEDERALBNK 183.95 185
GAIL 159.76 165
GLENMARK 1406.15 1460
GMRAIRPORT 72.06 75
GMRINFRA 0 76
GNFC 559.45 560
GODREJCP 1072.75 1100
GODREJPROP 1929.75 2150
GRANULES 538.1 560
GRASIM 2484.95 2500
GUJGASLTD 405.25 435
HAL 3594.15 3750
HAVELLS 1528.95 1580
HCLTECH 1717.3 1720
HDFCAMC 3703.65 3850
HDFCBANK 1706.8 1720
HDFCLIFE 629.15 640
HEROMOTOCO 4015.75 4100
HFCL 92.04 100
HINDALCO 598.9 600
HINDCOPPER 224.63 240
HINDPETRO 323.95 340
HINDUNILVR 2332.5 2400
HUDCO 192.64 200
ICICIBANK 1251.8 1250
ICICIGI 1764.8 1860
ICICIPRULI 579.8 600
IDEA 8.39 9
IDFCFIRSTB 62.16 63
IEX 171.81 180
IGL 190.6 195
INDHOTEL 731.2 770
INDIAMART 2173 2180
INDIANB 518.35 530
INDIGO 4337.5 4350
INDUSINDBK 1039.65 1030
INDUSTOWER 347.4 360
INFY 1863.15 1900
IOC 120.42 127.5
IPCALAB 1419.8 1440
IRB 49.62 53
IRCTC 759.15 780
IRFC 125.35 130
ITC 409.9 425
JINDALSTEL 829.35 840
JIOFIN 227.62 240
JKCEMENT 4749.65 4800
JSL 603.15 620
JSWENERGY 467.6 470
JSWSTEEL 956.4 960
JUBLFOOD 641 680
KALYANKJIL 512.6 500
KEI 3479.95 3700
KOTAKBANK 1943.95 1920
KPITTECH 1353.15 1400
LALPATHLAB 2673.4 2800
LAURUSLABS 601.05 600
LICHSGFIN 542.85 570
LICI 782.4 820
LODHA 1172.65 1200
LT 3289.65 3400
LTF 140.73 150
LTIM 5705.5 5800
LTTS 5108.2 5300
LUPIN 2025.2 2080
M&M 2987.2 3100
M&MFIN 276.05 280
MANAPPURAM 191.42 200
MARICO 632.15 650
MARUTI 12655.55 12700
MAXHEALTH 1004.8 1060
MCX 5547.95 5800
METROPOLIS 1750.55 1800
MFSL 1090.8 1100
MGL 1301.85 1320
MOTHERSON 128.63 135
MPHASIS 2666.6 2800
MRF 109394.15 110500
MUTHOOTFIN 2182.85 2200
NATIONALUM 189.68 195
NAUKRI 7578.3 7800
NAVINFLUOR 4101.05 4100
NBCC 85.87 87.5
NCC 199.45 210
NESTLEIND 2193.75 2240
NHPC 74.1 75
NMDC 62.91 66
NTPC 306.25 315
NYKAA 171.93 170
OBEROIRLTY 1640.25 1700
OFSS 9044.3 9250
OIL 417.55 410
ONGC 237.4 245
PAGEIND 42708.1 43500
PAYTM 745.4 780
PEL 978.4 1020
PERSISTENT 5705.2 6000
PETRONET 301.4 305
PFC 373.85 400
PHOENIXLTD 1600.05 1600
PIDILITIND 2828.5 2900
PIIND 3356.65 3550
PNB 95.67 100
POLICYBZR 1592.75 1650
POLYCAB 5641.3 5700
POONAWALLA 291.5 305
POWERGRID 257.05 275
PRESTIGE 1220.15 1300
PVRINOX 1054.3 1080
RAMCOCEM 867.2 890
RBLBANK 160.43 165
RECLTD 408.05 430
RELIANCE 1216.55 1260
SAIL 105.75 107.5
SBICARD 816.4 800
SBILIFE 1452.15 1460
SBIN 733.15 750
SHREECEM 28235.05 28000
SHRIRAMFIN 547.15 560
SIEMENS 5199.15 5400
SJVN 90.19 92.5
SOLARINDS 8956.8 9500
SONACOMS 511.35 520
SRF 2828.35 2800
SUNPHARMA 1693.85 1720
SUNTV 607.35 600
SUPREMEIND 3887.05 3900
SYNGENE 709.45 750
TATACHEM 878.6 940
TATACOMM 1522.15 1600
TATACONSUM 1029.75 1020
TATAELXSI 6154.05 6300
TATAMOTORS 684.35 700
TATAPOWER 348.1 370
TATASTEEL 132.28 135
TCS 3950.15 4050
TECHM 1680.2 1680
TIINDIA 2682.6 2900
TITAN 3255.45 3400
TORNTPHARM 3059.9 3200
TORNTPOWER 1268.8 1300
TRENT 5237.3 5400
TVSMOTOR 2493.45 2540
UBL 2057.3 2060
ULTRACEMCO 11478.5 11500
UNIONBANK 114.98 115
UNITDSPR 1397.5 1420
UPL 620.5 600
VBL 534.5 540
VEDL 421.9 440
VOLTAS 1299.15 1340
WIPRO 310.2 311.5
YESBANK 18.13 19
ZOMATO 214.7 220
ZYDUSLIFE 934.05 980

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.