SENSEX
Sensex
Max pain for SENSEX
04 Jul 2024 11:00 AM IST
Max Pain for SENSEX is 80000
Strike 70200 has a total call value of 0 versus a total put value of 2,500,202,300,000 Combined total value = 2,500,202,300,000
Strike 70300 has a total call value of 0 versus a total put value of 2,470,963,200,000 Combined total value = 2,470,963,200,000
Strike 70400 has a total call value of 0 versus a total put value of 2,441,724,100,000 Combined total value = 2,441,724,100,000
Strike 70500 has a total call value of 0 versus a total put value of 2,412,485,000,000 Combined total value = 2,412,485,000,000
Strike 70600 has a total call value of 0 versus a total put value of 2,383,245,900,000 Combined total value = 2,383,245,900,000
Strike 70700 has a total call value of 0 versus a total put value of 2,354,006,800,000 Combined total value = 2,354,006,800,000
Strike 70800 has a total call value of 0 versus a total put value of 2,324,767,700,000 Combined total value = 2,324,767,700,000
Strike 70900 has a total call value of 0 versus a total put value of 2,295,528,600,000 Combined total value = 2,295,528,600,000
Strike 71000 has a total call value of 0 versus a total put value of 2,266,289,500,000 Combined total value = 2,266,289,500,000
Strike 71100 has a total call value of 0 versus a total put value of 2,237,050,400,000 Combined total value = 2,237,050,400,000
Strike 71200 has a total call value of 0 versus a total put value of 2,207,811,300,000 Combined total value = 2,207,811,300,000
Strike 71300 has a total call value of 0 versus a total put value of 2,178,572,200,000 Combined total value = 2,178,572,200,000
Strike 71400 has a total call value of 0 versus a total put value of 2,149,333,100,000 Combined total value = 2,149,333,100,000
Strike 71500 has a total call value of 0 versus a total put value of 2,120,094,000,000 Combined total value = 2,120,094,000,000
Strike 71600 has a total call value of 0 versus a total put value of 2,090,855,800,000 Combined total value = 2,090,855,800,000
Strike 71700 has a total call value of 0 versus a total put value of 2,061,617,600,000 Combined total value = 2,061,617,600,000
Strike 71800 has a total call value of 0 versus a total put value of 2,032,379,400,000 Combined total value = 2,032,379,400,000
Strike 71900 has a total call value of 0 versus a total put value of 2,003,141,200,000 Combined total value = 2,003,141,200,000
Strike 72000 has a total call value of 0 versus a total put value of 1,973,903,000,000 Combined total value = 1,973,903,000,000
Strike 72100 has a total call value of 0 versus a total put value of 1,944,664,800,000 Combined total value = 1,944,664,800,000
Strike 72200 has a total call value of 0 versus a total put value of 1,915,426,600,000 Combined total value = 1,915,426,600,000
Strike 72300 has a total call value of 0 versus a total put value of 1,886,188,400,000 Combined total value = 1,886,188,400,000
Strike 72400 has a total call value of 0 versus a total put value of 1,856,950,200,000 Combined total value = 1,856,950,200,000
Strike 72500 has a total call value of 0 versus a total put value of 1,827,712,000,000 Combined total value = 1,827,712,000,000
Strike 72600 has a total call value of 0 versus a total put value of 1,798,473,800,000 Combined total value = 1,798,473,800,000
Strike 72700 has a total call value of 0 versus a total put value of 1,769,235,600,000 Combined total value = 1,769,235,600,000
Strike 72800 has a total call value of 0 versus a total put value of 1,739,997,400,000 Combined total value = 1,739,997,400,000
Strike 72900 has a total call value of 0 versus a total put value of 1,710,759,200,000 Combined total value = 1,710,759,200,000
Strike 73000 has a total call value of 0 versus a total put value of 1,681,521,000,000 Combined total value = 1,681,521,000,000
Strike 73100 has a total call value of 0 versus a total put value of 1,652,282,800,000 Combined total value = 1,652,282,800,000
Strike 73200 has a total call value of 0 versus a total put value of 1,623,044,600,000 Combined total value = 1,623,044,600,000
Strike 73300 has a total call value of 0 versus a total put value of 1,593,806,400,000 Combined total value = 1,593,806,400,000
Strike 73400 has a total call value of 0 versus a total put value of 1,564,568,200,000 Combined total value = 1,564,568,200,000
Strike 73500 has a total call value of 0 versus a total put value of 1,535,330,000,000 Combined total value = 1,535,330,000,000
Strike 73600 has a total call value of 0 versus a total put value of 1,506,091,800,000 Combined total value = 1,506,091,800,000
Strike 73700 has a total call value of 0 versus a total put value of 1,476,853,600,000 Combined total value = 1,476,853,600,000
Strike 73800 has a total call value of 0 versus a total put value of 1,447,615,400,000 Combined total value = 1,447,615,400,000
Strike 73900 has a total call value of 0 versus a total put value of 1,418,377,200,000 Combined total value = 1,418,377,200,000
Strike 74000 has a total call value of 0 versus a total put value of 1,389,139,000,000 Combined total value = 1,389,139,000,000
Strike 74100 has a total call value of 0 versus a total put value of 1,359,900,800,000 Combined total value = 1,359,900,800,000
Strike 74200 has a total call value of 0 versus a total put value of 1,330,662,600,000 Combined total value = 1,330,662,600,000
Strike 74300 has a total call value of 0 versus a total put value of 1,301,424,400,000 Combined total value = 1,301,424,400,000
Strike 74400 has a total call value of 0 versus a total put value of 1,272,186,200,000 Combined total value = 1,272,186,200,000
Strike 74500 has a total call value of 0 versus a total put value of 1,242,948,000,000 Combined total value = 1,242,948,000,000
Strike 74600 has a total call value of 0 versus a total put value of 1,213,730,900,000 Combined total value = 1,213,730,900,000
Strike 74700 has a total call value of 0 versus a total put value of 1,184,513,800,000 Combined total value = 1,184,513,800,000
Strike 74800 has a total call value of 0 versus a total put value of 1,155,296,700,000 Combined total value = 1,155,296,700,000
Strike 74900 has a total call value of 0 versus a total put value of 1,126,079,600,000 Combined total value = 1,126,079,600,000
Strike 75000 has a total call value of 0 versus a total put value of 1,096,862,500,000 Combined total value = 1,096,862,500,000
Strike 75100 has a total call value of 0 versus a total put value of 1,067,920,500,000 Combined total value = 1,067,920,500,000
Strike 75200 has a total call value of 0 versus a total put value of 1,039,040,600,000 Combined total value = 1,039,040,600,000
Strike 75300 has a total call value of 0 versus a total put value of 1,010,164,000,000 Combined total value = 1,010,164,000,000
Strike 75400 has a total call value of 0 versus a total put value of 981,287,400,000 Combined total value = 981,287,400,000
Strike 75500 has a total call value of 0 versus a total put value of 952,410,800,000 Combined total value = 952,410,800,000
Strike 75600 has a total call value of 0 versus a total put value of 923,534,300,000 Combined total value = 923,534,300,000
Strike 75700 has a total call value of 0 versus a total put value of 894,657,800,000 Combined total value = 894,657,800,000
Strike 75800 has a total call value of 0 versus a total put value of 865,781,300,000 Combined total value = 865,781,300,000
Strike 75900 has a total call value of 0 versus a total put value of 836,904,800,000 Combined total value = 836,904,800,000
Strike 76000 has a total call value of 0 versus a total put value of 808,067,100,000 Combined total value = 808,067,100,000
Strike 76100 has a total call value of 0 versus a total put value of 779,802,600,000 Combined total value = 779,802,600,000
Strike 76200 has a total call value of 0 versus a total put value of 751,540,500,000 Combined total value = 751,540,500,000
Strike 76300 has a total call value of 0 versus a total put value of 723,331,600,000 Combined total value = 723,331,600,000
Strike 76400 has a total call value of 0 versus a total put value of 695,122,700,000 Combined total value = 695,122,700,000
Strike 76500 has a total call value of 0 versus a total put value of 666,941,200,000 Combined total value = 666,941,200,000
Strike 76600 has a total call value of 0 versus a total put value of 638,759,800,000 Combined total value = 638,759,800,000
Strike 76700 has a total call value of 0 versus a total put value of 610,659,600,000 Combined total value = 610,659,600,000
Strike 76800 has a total call value of 0 versus a total put value of 582,684,500,000 Combined total value = 582,684,500,000
Strike 76900 has a total call value of 200,000 versus a total put value of 554,854,500,000 Combined total value = 554,854,700,000
Strike 77000 has a total call value of 400,000 versus a total put value of 527,059,000,000 Combined total value = 527,059,400,000
Strike 77100 has a total call value of 141,300,000 versus a total put value of 500,970,500,000 Combined total value = 501,111,800,000
Strike 77200 has a total call value of 282,300,000 versus a total put value of 474,982,200,000 Combined total value = 475,264,500,000
Strike 77300 has a total call value of 423,700,000 versus a total put value of 449,226,800,000 Combined total value = 449,650,500,000
Strike 77400 has a total call value of 565,100,000 versus a total put value of 423,611,400,000 Combined total value = 424,176,500,000
Strike 77500 has a total call value of 706,500,000 versus a total put value of 398,234,400,000 Combined total value = 398,940,900,000
Strike 77600 has a total call value of 869,400,000 versus a total put value of 374,500,400,000 Combined total value = 375,369,800,000
Strike 77700 has a total call value of 1,033,500,000 versus a total put value of 351,542,600,000 Combined total value = 352,576,100,000
Strike 77800 has a total call value of 1,197,600,000 versus a total put value of 328,864,200,000 Combined total value = 330,061,800,000
Strike 77900 has a total call value of 1,361,800,000 versus a total put value of 306,467,700,000 Combined total value = 307,829,500,000
Strike 78000 has a total call value of 1,526,100,000 versus a total put value of 284,321,900,000 Combined total value = 285,848,000,000
Strike 78100 has a total call value of 1,819,000,000 versus a total put value of 264,554,400,000 Combined total value = 266,373,400,000
Strike 78200 has a total call value of 2,113,100,000 versus a total put value of 245,010,300,000 Combined total value = 247,123,400,000
Strike 78300 has a total call value of 2,407,700,000 versus a total put value of 225,926,400,000 Combined total value = 228,334,100,000
Strike 78400 has a total call value of 2,702,300,000 versus a total put value of 207,099,800,000 Combined total value = 209,802,100,000
Strike 78500 has a total call value of 2,999,500,000 versus a total put value of 188,759,800,000 Combined total value = 191,759,300,000
Strike 78600 has a total call value of 3,321,900,000 versus a total put value of 171,612,600,000 Combined total value = 174,934,500,000
Strike 78700 has a total call value of 3,649,700,000 versus a total put value of 154,860,500,000 Combined total value = 158,510,200,000
Strike 78800 has a total call value of 3,987,600,000 versus a total put value of 138,484,200,000 Combined total value = 142,471,800,000
Strike 78900 has a total call value of 4,336,400,000 versus a total put value of 122,537,800,000 Combined total value = 126,874,200,000
Strike 79000 has a total call value of 4,706,200,000 versus a total put value of 107,059,200,000 Combined total value = 111,765,400,000
Strike 79100 has a total call value of 5,358,700,000 versus a total put value of 93,810,000,000 Combined total value = 99,168,700,000
Strike 79200 has a total call value of 6,083,100,000 versus a total put value of 80,891,000,000 Combined total value = 86,974,100,000
Strike 79300 has a total call value of 6,935,500,000 versus a total put value of 68,536,900,000 Combined total value = 75,472,400,000
Strike 79400 has a total call value of 7,854,600,000 versus a total put value of 56,844,200,000 Combined total value = 64,698,800,000
Strike 79500 has a total call value of 8,926,500,000 versus a total put value of 46,081,700,000 Combined total value = 55,008,200,000
Strike 79600 has a total call value of 10,499,500,000 versus a total put value of 37,014,800,000 Combined total value = 47,514,300,000
Strike 79700 has a total call value of 12,253,300,000 versus a total put value of 28,953,700,000 Combined total value = 41,207,000,000
Strike 79800 has a total call value of 14,213,300,000 versus a total put value of 21,847,800,000 Combined total value = 36,061,100,000
Strike 79900 has a total call value of 16,421,600,000 versus a total put value of 15,538,800,000 Combined total value = 31,960,400,000
Strike 80000 has a total call value of 18,972,600,000 versus a total put value of 9,932,600,000 Combined total value = 28,905,200,000
Strike 80100 has a total call value of 23,087,700,000 versus a total put value of 6,279,200,000 Combined total value = 29,366,900,000
Strike 80200 has a total call value of 28,258,400,000 versus a total put value of 3,580,600,000 Combined total value = 31,839,000,000
Strike 80300 has a total call value of 35,151,100,000 versus a total put value of 2,208,700,000 Combined total value = 37,359,800,000
Strike 80400 has a total call value of 43,675,600,000 versus a total put value of 1,435,100,000 Combined total value = 45,110,700,000
Strike 80500 has a total call value of 53,257,100,000 versus a total put value of 881,500,000 Combined total value = 54,138,600,000
Strike 80600 has a total call value of 64,764,600,000 versus a total put value of 639,700,000 Combined total value = 65,404,300,000
Strike 80700 has a total call value of 77,229,500,000 versus a total put value of 458,800,000 Combined total value = 77,688,300,000
Strike 80800 has a total call value of 90,538,800,000 versus a total put value of 301,600,000 Combined total value = 90,840,400,000
Strike 80900 has a total call value of 104,492,500,000 versus a total put value of 158,700,000 Combined total value = 104,651,200,000
Strike 81000 has a total call value of 119,122,200,000 versus a total put value of 25,700,000 Combined total value = 119,147,900,000
Strike 81100 has a total call value of 136,008,400,000 versus a total put value of 14,000,000 Combined total value = 136,022,400,000
Strike 81200 has a total call value of 153,614,400,000 versus a total put value of 4,500,000 Combined total value = 153,618,900,000
Strike 81300 has a total call value of 172,068,200,000 versus a total put value of 1,000,000 Combined total value = 172,069,200,000
Strike 81400 has a total call value of 190,887,400,000 versus a total put value of 700,000 Combined total value = 190,888,100,000
Strike 81500 has a total call value of 210,118,200,000 versus a total put value of 500,000 Combined total value = 210,118,700,000
Strike 81600 has a total call value of 231,417,600,000 versus a total put value of 400,000 Combined total value = 231,418,000,000
Strike 81700 has a total call value of 253,158,800,000 versus a total put value of 300,000 Combined total value = 253,159,100,000
Strike 81800 has a total call value of 275,679,700,000 versus a total put value of 200,000 Combined total value = 275,679,900,000
Strike 81900 has a total call value of 299,115,600,000 versus a total put value of 100,000 Combined total value = 299,115,700,000
Strike 82000 has a total call value of 323,140,800,000 versus a total put value of 0 Combined total value = 323,140,800,000
Strike 82100 has a total call value of 350,499,200,000 versus a total put value of 0 Combined total value = 350,499,200,000
Strike 82200 has a total call value of 378,302,400,000 versus a total put value of 0 Combined total value = 378,302,400,000
Strike 82300 has a total call value of 406,920,000,000 versus a total put value of 0 Combined total value = 406,920,000,000
Strike 82400 has a total call value of 435,973,100,000 versus a total put value of 0 Combined total value = 435,973,100,000
Strike 82500 has a total call value of 465,241,400,000 versus a total put value of 0 Combined total value = 465,241,400,000
Strike 82600 has a total call value of 496,621,100,000 versus a total put value of 0 Combined total value = 496,621,100,000
Strike 82700 has a total call value of 528,269,200,000 versus a total put value of 0 Combined total value = 528,269,200,000
Strike 82800 has a total call value of 560,133,700,000 versus a total put value of 0 Combined total value = 560,133,700,000
Strike 82900 has a total call value of 592,235,200,000 versus a total put value of 0 Combined total value = 592,235,200,000
Strike 83000 has a total call value of 624,422,900,000 versus a total put value of 0 Combined total value = 624,422,900,000
Strike 83100 has a total call value of 657,586,500,000 versus a total put value of 0 Combined total value = 657,586,500,000
Strike 83200 has a total call value of 690,816,700,000 versus a total put value of 0 Combined total value = 690,816,700,000
Strike 83300 has a total call value of 724,100,600,000 versus a total put value of 0 Combined total value = 724,100,600,000
Strike 83400 has a total call value of 757,421,600,000 versus a total put value of 0 Combined total value = 757,421,600,000
Strike 83500 has a total call value of 790,789,500,000 versus a total put value of 0 Combined total value = 790,789,500,000
Strike 83600 has a total call value of 824,450,400,000 versus a total put value of 0 Combined total value = 824,450,400,000
Strike 83700 has a total call value of 858,111,300,000 versus a total put value of 0 Combined total value = 858,111,300,000
Strike 83800 has a total call value of 891,772,200,000 versus a total put value of 0 Combined total value = 891,772,200,000
Strike 83900 has a total call value of 925,433,100,000 versus a total put value of 0 Combined total value = 925,433,100,000
Strike 84000 has a total call value of 959,094,000,000 versus a total put value of 0 Combined total value = 959,094,000,000
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.