SENSEX
Sensex
Max pain for SENSEX
02 Jul 2024 09:51 AM IST
Max Pain for SENSEX is 79300
Strike 70200 has a total call value of 0 versus a total put value of 497,258,200,000 Combined total value = 497,258,200,000
Strike 70300 has a total call value of 0 versus a total put value of 491,129,100,000 Combined total value = 491,129,100,000
Strike 70400 has a total call value of 0 versus a total put value of 485,000,000,000 Combined total value = 485,000,000,000
Strike 70500 has a total call value of 0 versus a total put value of 478,870,900,000 Combined total value = 478,870,900,000
Strike 70600 has a total call value of 0 versus a total put value of 472,741,800,000 Combined total value = 472,741,800,000
Strike 70700 has a total call value of 0 versus a total put value of 466,612,700,000 Combined total value = 466,612,700,000
Strike 70800 has a total call value of 0 versus a total put value of 460,483,600,000 Combined total value = 460,483,600,000
Strike 70900 has a total call value of 0 versus a total put value of 454,354,500,000 Combined total value = 454,354,500,000
Strike 71000 has a total call value of 0 versus a total put value of 448,225,400,000 Combined total value = 448,225,400,000
Strike 71100 has a total call value of 0 versus a total put value of 442,096,300,000 Combined total value = 442,096,300,000
Strike 71200 has a total call value of 0 versus a total put value of 435,967,200,000 Combined total value = 435,967,200,000
Strike 71300 has a total call value of 0 versus a total put value of 429,838,100,000 Combined total value = 429,838,100,000
Strike 71400 has a total call value of 0 versus a total put value of 423,709,000,000 Combined total value = 423,709,000,000
Strike 71500 has a total call value of 0 versus a total put value of 417,579,900,000 Combined total value = 417,579,900,000
Strike 71600 has a total call value of 0 versus a total put value of 411,450,800,000 Combined total value = 411,450,800,000
Strike 71700 has a total call value of 0 versus a total put value of 405,321,700,000 Combined total value = 405,321,700,000
Strike 71800 has a total call value of 0 versus a total put value of 399,192,600,000 Combined total value = 399,192,600,000
Strike 71900 has a total call value of 0 versus a total put value of 393,063,500,000 Combined total value = 393,063,500,000
Strike 72000 has a total call value of 0 versus a total put value of 386,934,400,000 Combined total value = 386,934,400,000
Strike 72100 has a total call value of 0 versus a total put value of 380,805,300,000 Combined total value = 380,805,300,000
Strike 72200 has a total call value of 0 versus a total put value of 374,676,200,000 Combined total value = 374,676,200,000
Strike 72300 has a total call value of 0 versus a total put value of 368,547,100,000 Combined total value = 368,547,100,000
Strike 72400 has a total call value of 0 versus a total put value of 362,418,000,000 Combined total value = 362,418,000,000
Strike 72500 has a total call value of 0 versus a total put value of 356,288,900,000 Combined total value = 356,288,900,000
Strike 72600 has a total call value of 0 versus a total put value of 350,159,800,000 Combined total value = 350,159,800,000
Strike 72700 has a total call value of 0 versus a total put value of 344,030,700,000 Combined total value = 344,030,700,000
Strike 72800 has a total call value of 0 versus a total put value of 337,901,600,000 Combined total value = 337,901,600,000
Strike 72900 has a total call value of 0 versus a total put value of 331,772,500,000 Combined total value = 331,772,500,000
Strike 73000 has a total call value of 0 versus a total put value of 325,643,400,000 Combined total value = 325,643,400,000
Strike 73100 has a total call value of 0 versus a total put value of 319,514,300,000 Combined total value = 319,514,300,000
Strike 73200 has a total call value of 0 versus a total put value of 313,385,200,000 Combined total value = 313,385,200,000
Strike 73300 has a total call value of 0 versus a total put value of 307,256,100,000 Combined total value = 307,256,100,000
Strike 73400 has a total call value of 0 versus a total put value of 301,127,000,000 Combined total value = 301,127,000,000
Strike 73500 has a total call value of 0 versus a total put value of 294,997,900,000 Combined total value = 294,997,900,000
Strike 73600 has a total call value of 0 versus a total put value of 288,868,800,000 Combined total value = 288,868,800,000
Strike 73700 has a total call value of 0 versus a total put value of 282,739,700,000 Combined total value = 282,739,700,000
Strike 73800 has a total call value of 0 versus a total put value of 276,610,600,000 Combined total value = 276,610,600,000
Strike 73900 has a total call value of 0 versus a total put value of 270,481,500,000 Combined total value = 270,481,500,000
Strike 74000 has a total call value of 0 versus a total put value of 264,352,400,000 Combined total value = 264,352,400,000
Strike 74100 has a total call value of 0 versus a total put value of 258,223,300,000 Combined total value = 258,223,300,000
Strike 74200 has a total call value of 0 versus a total put value of 252,094,200,000 Combined total value = 252,094,200,000
Strike 74300 has a total call value of 0 versus a total put value of 245,965,100,000 Combined total value = 245,965,100,000
Strike 74400 has a total call value of 0 versus a total put value of 239,836,000,000 Combined total value = 239,836,000,000
Strike 74500 has a total call value of 0 versus a total put value of 233,706,900,000 Combined total value = 233,706,900,000
Strike 74600 has a total call value of 0 versus a total put value of 227,600,700,000 Combined total value = 227,600,700,000
Strike 74700 has a total call value of 0 versus a total put value of 221,494,500,000 Combined total value = 221,494,500,000
Strike 74800 has a total call value of 0 versus a total put value of 215,388,300,000 Combined total value = 215,388,300,000
Strike 74900 has a total call value of 0 versus a total put value of 209,282,100,000 Combined total value = 209,282,100,000
Strike 75000 has a total call value of 0 versus a total put value of 203,175,900,000 Combined total value = 203,175,900,000
Strike 75100 has a total call value of 0 versus a total put value of 197,266,200,000 Combined total value = 197,266,200,000
Strike 75200 has a total call value of 0 versus a total put value of 191,356,500,000 Combined total value = 191,356,500,000
Strike 75300 has a total call value of 0 versus a total put value of 185,446,800,000 Combined total value = 185,446,800,000
Strike 75400 has a total call value of 0 versus a total put value of 179,537,100,000 Combined total value = 179,537,100,000
Strike 75500 has a total call value of 0 versus a total put value of 173,627,400,000 Combined total value = 173,627,400,000
Strike 75600 has a total call value of 0 versus a total put value of 167,717,800,000 Combined total value = 167,717,800,000
Strike 75700 has a total call value of 0 versus a total put value of 161,808,200,000 Combined total value = 161,808,200,000
Strike 75800 has a total call value of 0 versus a total put value of 155,898,600,000 Combined total value = 155,898,600,000
Strike 75900 has a total call value of 0 versus a total put value of 149,989,000,000 Combined total value = 149,989,000,000
Strike 76000 has a total call value of 0 versus a total put value of 144,079,400,000 Combined total value = 144,079,400,000
Strike 76100 has a total call value of 0 versus a total put value of 138,438,800,000 Combined total value = 138,438,800,000
Strike 76200 has a total call value of 0 versus a total put value of 132,798,200,000 Combined total value = 132,798,200,000
Strike 76300 has a total call value of 0 versus a total put value of 127,157,600,000 Combined total value = 127,157,600,000
Strike 76400 has a total call value of 0 versus a total put value of 121,517,000,000 Combined total value = 121,517,000,000
Strike 76500 has a total call value of 0 versus a total put value of 115,876,700,000 Combined total value = 115,876,700,000
Strike 76600 has a total call value of 0 versus a total put value of 110,236,500,000 Combined total value = 110,236,500,000
Strike 76700 has a total call value of 0 versus a total put value of 104,596,300,000 Combined total value = 104,596,300,000
Strike 76800 has a total call value of 0 versus a total put value of 98,961,200,000 Combined total value = 98,961,200,000
Strike 76900 has a total call value of 200,000 versus a total put value of 93,380,300,000 Combined total value = 93,380,500,000
Strike 77000 has a total call value of 400,000 versus a total put value of 87,799,400,000 Combined total value = 87,799,800,000
Strike 77100 has a total call value of 141,200,000 versus a total put value of 82,757,300,000 Combined total value = 82,898,500,000
Strike 77200 has a total call value of 282,100,000 versus a total put value of 77,744,500,000 Combined total value = 78,026,600,000
Strike 77300 has a total call value of 423,400,000 versus a total put value of 72,766,400,000 Combined total value = 73,189,800,000
Strike 77400 has a total call value of 564,700,000 versus a total put value of 67,820,500,000 Combined total value = 68,385,200,000
Strike 77500 has a total call value of 706,000,000 versus a total put value of 62,875,700,000 Combined total value = 63,581,700,000
Strike 77600 has a total call value of 875,100,000 versus a total put value of 58,330,500,000 Combined total value = 59,205,600,000
Strike 77700 has a total call value of 1,045,400,000 versus a total put value of 53,852,100,000 Combined total value = 54,897,500,000
Strike 77800 has a total call value of 1,215,700,000 versus a total put value of 49,491,400,000 Combined total value = 50,707,100,000
Strike 77900 has a total call value of 1,386,100,000 versus a total put value of 45,207,900,000 Combined total value = 46,594,000,000
Strike 78000 has a total call value of 1,556,500,000 versus a total put value of 40,993,100,000 Combined total value = 42,549,600,000
Strike 78100 has a total call value of 1,857,100,000 versus a total put value of 37,334,900,000 Combined total value = 39,192,000,000
Strike 78200 has a total call value of 2,158,100,000 versus a total put value of 33,747,000,000 Combined total value = 35,905,100,000
Strike 78300 has a total call value of 2,459,100,000 versus a total put value of 30,211,200,000 Combined total value = 32,670,300,000
Strike 78400 has a total call value of 2,760,100,000 versus a total put value of 26,726,900,000 Combined total value = 29,487,000,000
Strike 78500 has a total call value of 3,063,900,000 versus a total put value of 23,306,100,000 Combined total value = 26,370,000,000
Strike 78600 has a total call value of 3,401,200,000 versus a total put value of 20,237,400,000 Combined total value = 23,638,600,000
Strike 78700 has a total call value of 3,742,200,000 versus a total put value of 17,229,800,000 Combined total value = 20,972,000,000
Strike 78800 has a total call value of 4,093,300,000 versus a total put value of 14,327,400,000 Combined total value = 18,420,700,000
Strike 78900 has a total call value of 4,460,900,000 versus a total put value of 11,533,400,000 Combined total value = 15,994,300,000
Strike 79000 has a total call value of 4,848,000,000 versus a total put value of 8,842,800,000 Combined total value = 13,690,800,000
Strike 79100 has a total call value of 5,655,900,000 versus a total put value of 6,902,500,000 Combined total value = 12,558,400,000
Strike 79200 has a total call value of 6,561,100,000 versus a total put value of 5,139,200,000 Combined total value = 11,700,300,000
Strike 79300 has a total call value of 7,652,800,000 versus a total put value of 3,622,700,000 Combined total value = 11,275,500,000
Strike 79400 has a total call value of 8,947,700,000 versus a total put value of 2,403,500,000 Combined total value = 11,351,200,000
Strike 79500 has a total call value of 10,478,700,000 versus a total put value of 1,439,400,000 Combined total value = 11,918,100,000
Strike 79600 has a total call value of 12,756,300,000 versus a total put value of 936,100,000 Combined total value = 13,692,400,000
Strike 79700 has a total call value of 15,376,000,000 versus a total put value of 618,500,000 Combined total value = 15,994,500,000
Strike 79800 has a total call value of 18,414,200,000 versus a total put value of 410,700,000 Combined total value = 18,824,900,000
Strike 79900 has a total call value of 21,679,700,000 versus a total put value of 261,100,000 Combined total value = 21,940,800,000
Strike 80000 has a total call value of 25,193,100,000 versus a total put value of 130,200,000 Combined total value = 25,323,300,000
Strike 80100 has a total call value of 29,298,400,000 versus a total put value of 98,800,000 Combined total value = 29,397,200,000
Strike 80200 has a total call value of 33,565,100,000 versus a total put value of 72,800,000 Combined total value = 33,637,900,000
Strike 80300 has a total call value of 37,963,000,000 versus a total put value of 47,700,000 Combined total value = 38,010,700,000
Strike 80400 has a total call value of 42,694,400,000 versus a total put value of 23,300,000 Combined total value = 42,717,700,000
Strike 80500 has a total call value of 47,624,000,000 versus a total put value of 1,400,000 Combined total value = 47,625,400,000
Strike 80600 has a total call value of 53,094,600,000 versus a total put value of 0 Combined total value = 53,094,600,000
Strike 80700 has a total call value of 58,676,200,000 versus a total put value of 0 Combined total value = 58,676,200,000
Strike 80800 has a total call value of 64,352,900,000 versus a total put value of 0 Combined total value = 64,352,900,000
Strike 80900 has a total call value of 70,173,600,000 versus a total put value of 0 Combined total value = 70,173,600,000
Strike 81000 has a total call value of 76,074,100,000 versus a total put value of 0 Combined total value = 76,074,100,000
Strike 81100 has a total call value of 82,607,600,000 versus a total put value of 0 Combined total value = 82,607,600,000
Strike 81200 has a total call value of 89,175,800,000 versus a total put value of 0 Combined total value = 89,175,800,000
Strike 81300 has a total call value of 95,898,800,000 versus a total put value of 0 Combined total value = 95,898,800,000
Strike 81400 has a total call value of 102,721,700,000 versus a total put value of 0 Combined total value = 102,721,700,000
Strike 81500 has a total call value of 109,662,400,000 versus a total put value of 0 Combined total value = 109,662,400,000
Strike 81600 has a total call value of 116,980,100,000 versus a total put value of 0 Combined total value = 116,980,100,000
Strike 81700 has a total call value of 124,398,900,000 versus a total put value of 0 Combined total value = 124,398,900,000
Strike 81800 has a total call value of 131,905,500,000 versus a total put value of 0 Combined total value = 131,905,500,000
Strike 81900 has a total call value of 139,481,000,000 versus a total put value of 0 Combined total value = 139,481,000,000
Strike 82000 has a total call value of 147,217,800,000 versus a total put value of 0 Combined total value = 147,217,800,000
Strike 82100 has a total call value of 155,717,400,000 versus a total put value of 0 Combined total value = 155,717,400,000
Strike 82200 has a total call value of 164,234,700,000 versus a total put value of 0 Combined total value = 164,234,700,000
Strike 82300 has a total call value of 172,839,100,000 versus a total put value of 0 Combined total value = 172,839,100,000
Strike 82400 has a total call value of 181,443,500,000 versus a total put value of 0 Combined total value = 181,443,500,000
Strike 82500 has a total call value of 190,047,900,000 versus a total put value of 0 Combined total value = 190,047,900,000
Strike 82600 has a total call value of 199,209,200,000 versus a total put value of 0 Combined total value = 199,209,200,000
Strike 82700 has a total call value of 208,412,600,000 versus a total put value of 0 Combined total value = 208,412,600,000
Strike 82800 has a total call value of 217,635,700,000 versus a total put value of 0 Combined total value = 217,635,700,000
Strike 82900 has a total call value of 226,869,000,000 versus a total put value of 0 Combined total value = 226,869,000,000
Strike 83000 has a total call value of 236,137,300,000 versus a total put value of 0 Combined total value = 236,137,300,000
Strike 83100 has a total call value of 245,902,600,000 versus a total put value of 0 Combined total value = 245,902,600,000
Strike 83200 has a total call value of 255,671,800,000 versus a total put value of 0 Combined total value = 255,671,800,000
Strike 83300 has a total call value of 265,498,800,000 versus a total put value of 0 Combined total value = 265,498,800,000
Strike 83400 has a total call value of 275,325,800,000 versus a total put value of 0 Combined total value = 275,325,800,000
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:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- 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.