SENSEX
74346.17
Strike 67300 has a total call value of 0 versus a total put value of 17,521,550,000,000. Combined total value = 17,521,550,000,000
Strike 67400 has a total call value of 200,000 versus a total put value of 17,203,795,800,000. Combined total value = 17,203,796,000,000
Strike 67500 has a total call value of 400,000 versus a total put value of 16,886,110,200,000. Combined total value = 16,886,110,600,000
Strike 67600 has a total call value of 600,000 versus a total put value of 16,568,425,800,000. Combined total value = 16,568,426,400,000
Strike 67700 has a total call value of 800,000 versus a total put value of 16,250,742,600,000. Combined total value = 16,250,743,400,000
Strike 67800 has a total call value of 1,000,000 versus a total put value of 15,933,060,600,000. Combined total value = 15,933,061,600,000
Strike 67900 has a total call value of 1,200,000 versus a total put value of 15,615,379,800,000. Combined total value = 15,615,381,000,000
Strike 68000 has a total call value of 1,400,000 versus a total put value of 15,297,699,400,000. Combined total value = 15,297,700,800,000
Strike 68100 has a total call value of 1,600,000 versus a total put value of 14,982,160,200,000. Combined total value = 14,982,161,800,000
Strike 68200 has a total call value of 1,800,000 versus a total put value of 14,666,704,000,000. Combined total value = 14,666,705,800,000
Strike 68300 has a total call value of 2,000,000 versus a total put value of 14,351,291,200,000. Combined total value = 14,351,293,200,000
Strike 68400 has a total call value of 2,200,000 versus a total put value of 14,035,908,200,000. Combined total value = 14,035,910,400,000
Strike 68500 has a total call value of 2,400,000 versus a total put value of 13,720,538,800,000. Combined total value = 13,720,541,200,000
Strike 68600 has a total call value of 2,600,000 versus a total put value of 13,405,818,200,000. Combined total value = 13,405,820,800,000
Strike 68700 has a total call value of 2,800,000 versus a total put value of 13,091,109,800,000. Combined total value = 13,091,112,600,000
Strike 68800 has a total call value of 3,000,000 versus a total put value of 12,776,464,600,000. Combined total value = 12,776,467,600,000
Strike 68900 has a total call value of 3,200,000 versus a total put value of 12,461,853,600,000. Combined total value = 12,461,856,800,000
Strike 69000 has a total call value of 3,400,000 versus a total put value of 12,147,373,600,000. Combined total value = 12,147,377,000,000
Strike 69100 has a total call value of 3,600,000 versus a total put value of 11,834,647,600,000. Combined total value = 11,834,651,200,000
Strike 69200 has a total call value of 3,800,000 versus a total put value of 11,521,959,000,000. Combined total value = 11,521,962,800,000
Strike 69300 has a total call value of 4,000,000 versus a total put value of 11,209,340,000,000. Combined total value = 11,209,344,000,000
Strike 69400 has a total call value of 4,200,000 versus a total put value of 10,896,856,400,000. Combined total value = 10,896,860,600,000
Strike 69500 has a total call value of 4,400,000 versus a total put value of 10,584,500,400,000. Combined total value = 10,584,504,800,000
Strike 69600 has a total call value of 4,600,000 versus a total put value of 10,273,169,800,000. Combined total value = 10,273,174,400,000
Strike 69700 has a total call value of 4,800,000 versus a total put value of 9,961,928,000,000. Combined total value = 9,961,932,800,000
Strike 69800 has a total call value of 5,000,000 versus a total put value of 9,650,868,200,000. Combined total value = 9,650,873,200,000
Strike 69900 has a total call value of 5,200,000 versus a total put value of 9,340,277,600,000. Combined total value = 9,340,282,800,000
Strike 70000 has a total call value of 5,400,000 versus a total put value of 9,029,799,200,000. Combined total value = 9,029,804,600,000
Strike 70100 has a total call value of 20,200,000 versus a total put value of 8,727,134,400,000. Combined total value = 8,727,154,600,000
Strike 70200 has a total call value of 35,000,000 versus a total put value of 8,424,576,600,000. Combined total value = 8,424,611,600,000
Strike 70300 has a total call value of 49,800,000 versus a total put value of 8,122,224,000,000. Combined total value = 8,122,273,800,000
Strike 70400 has a total call value of 64,600,000 versus a total put value of 7,820,251,200,000. Combined total value = 7,820,315,800,000
Strike 70500 has a total call value of 79,400,000 versus a total put value of 7,518,504,800,000. Combined total value = 7,518,584,200,000
Strike 70600 has a total call value of 94,400,000 versus a total put value of 7,222,359,000,000. Combined total value = 7,222,453,400,000
Strike 70700 has a total call value of 109,400,000 versus a total put value of 6,926,528,600,000. Combined total value = 6,926,638,000,000
Strike 70800 has a total call value of 124,400,000 versus a total put value of 6,631,309,200,000. Combined total value = 6,631,433,600,000
Strike 70900 has a total call value of 139,400,000 versus a total put value of 6,336,865,800,000. Combined total value = 6,337,005,200,000
Strike 71000 has a total call value of 154,400,000 versus a total put value of 6,043,229,400,000. Combined total value = 6,043,383,800,000
Strike 71100 has a total call value of 174,800,000 versus a total put value of 5,763,509,000,000. Combined total value = 5,763,683,800,000
Strike 71200 has a total call value of 195,200,000 versus a total put value of 5,484,632,600,000. Combined total value = 5,484,827,800,000
Strike 71300 has a total call value of 215,600,000 versus a total put value of 5,207,078,000,000. Combined total value = 5,207,293,600,000
Strike 71400 has a total call value of 236,000,000 versus a total put value of 4,931,455,000,000. Combined total value = 4,931,691,000,000
Strike 71500 has a total call value of 256,400,000 versus a total put value of 4,657,832,800,000. Combined total value = 4,658,089,200,000
Strike 71600 has a total call value of 280,000,000 versus a total put value of 4,396,919,200,000. Combined total value = 4,397,199,200,000
Strike 71700 has a total call value of 303,600,000 versus a total put value of 4,138,491,600,000. Combined total value = 4,138,795,200,000
Strike 71800 has a total call value of 327,200,000 versus a total put value of 3,882,725,800,000. Combined total value = 3,883,053,000,000
Strike 71900 has a total call value of 350,800,000 versus a total put value of 3,630,479,400,000. Combined total value = 3,630,830,200,000
Strike 72000 has a total call value of 377,600,000 versus a total put value of 3,381,570,000,000. Combined total value = 3,381,947,600,000
Strike 72100 has a total call value of 469,200,000 versus a total put value of 3,155,980,600,000. Combined total value = 3,156,449,800,000
Strike 72200 has a total call value of 560,800,000 versus a total put value of 2,933,053,800,000. Combined total value = 2,933,614,600,000
Strike 72300 has a total call value of 652,400,000 versus a total put value of 2,715,609,200,000. Combined total value = 2,716,261,600,000
Strike 72400 has a total call value of 744,000,000 versus a total put value of 2,502,658,800,000. Combined total value = 2,503,402,800,000
Strike 72500 has a total call value of 843,800,000 versus a total put value of 2,293,846,400,000. Combined total value = 2,294,690,200,000
Strike 72600 has a total call value of 1,045,600,000 versus a total put value of 2,109,519,400,000. Combined total value = 2,110,565,000,000
Strike 72700 has a total call value of 1,262,000,000 versus a total put value of 1,931,130,600,000. Combined total value = 1,932,392,600,000
Strike 72800 has a total call value of 1,500,800,000 versus a total put value of 1,759,030,600,000. Combined total value = 1,760,531,400,000
Strike 72900 has a total call value of 1,765,400,000 versus a total put value of 1,595,094,400,000. Combined total value = 1,596,859,800,000
Strike 73000 has a total call value of 2,080,400,000 versus a total put value of 1,437,298,000,000. Combined total value = 1,439,378,400,000
Strike 73100 has a total call value of 3,148,200,000 versus a total put value of 1,305,143,000,000. Combined total value = 1,308,291,200,000
Strike 73200 has a total call value of 4,287,600,000 versus a total put value of 1,177,957,600,000. Combined total value = 1,182,245,200,000
Strike 73300 has a total call value of 5,564,800,000 versus a total put value of 1,057,597,800,000. Combined total value = 1,063,162,600,000
Strike 73400 has a total call value of 7,001,000,000 versus a total put value of 943,563,800,000. Combined total value = 950,564,800,000
Strike 73500 has a total call value of 8,613,400,000 versus a total put value of 835,591,200,000. Combined total value = 844,204,600,000
Strike 73600 has a total call value of 11,567,000,000 versus a total put value of 742,186,000,000. Combined total value = 753,753,000,000
Strike 73700 has a total call value of 15,407,800,000 versus a total put value of 655,533,800,000. Combined total value = 670,941,600,000
Strike 73800 has a total call value of 21,074,400,000 versus a total put value of 576,969,000,000. Combined total value = 598,043,400,000
Strike 73900 has a total call value of 28,079,000,000 versus a total put value of 505,515,800,000. Combined total value = 533,594,800,000
Strike 74000 has a total call value of 38,322,400,000 versus a total put value of 441,212,000,000. Combined total value = 479,534,400,000
Strike 74100 has a total call value of 54,010,800,000 versus a total put value of 392,200,200,000. Combined total value = 446,211,000,000
Strike 74200 has a total call value of 72,167,400,000 versus a total put value of 348,595,200,000. Combined total value = 420,762,600,000
Strike 74300 has a total call value of 93,226,000,000 versus a total put value of 309,851,200,000. Combined total value = 403,077,200,000
Strike 74400 has a total call value of 118,301,800,000 versus a total put value of 277,611,000,000. Combined total value = 395,912,800,000
Strike 74500 has a total call value of 148,007,200,000 versus a total put value of 249,494,800,000. Combined total value = 397,502,000,000
Strike 74600 has a total call value of 190,237,000,000 versus a total put value of 228,663,800,000. Combined total value = 418,900,800,000
Strike 74700 has a total call value of 236,793,400,000 versus a total put value of 209,496,600,000. Combined total value = 446,290,000,000
Strike 74800 has a total call value of 288,298,000,000 versus a total put value of 191,445,400,000. Combined total value = 479,743,400,000
Strike 74900 has a total call value of 344,303,000,000 versus a total put value of 174,822,800,000. Combined total value = 519,125,800,000
Strike 75000 has a total call value of 403,766,200,000 versus a total put value of 158,700,000,000. Combined total value = 562,466,200,000
Strike 75100 has a total call value of 480,225,800,000 versus a total put value of 146,062,600,000. Combined total value = 626,288,400,000
Strike 75200 has a total call value of 560,267,600,000 versus a total put value of 133,893,600,000. Combined total value = 694,161,200,000
Strike 75300 has a total call value of 646,109,600,000 versus a total put value of 122,114,600,000. Combined total value = 768,224,200,000
Strike 75400 has a total call value of 738,989,800,000 versus a total put value of 110,652,200,000. Combined total value = 849,642,000,000
Strike 75500 has a total call value of 836,087,800,000 versus a total put value of 99,554,000,000. Combined total value = 935,641,800,000
Strike 75600 has a total call value of 948,744,800,000 versus a total put value of 89,502,200,000. Combined total value = 1,038,247,000,000
Strike 75700 has a total call value of 1,066,396,600,000 versus a total put value of 79,835,800,000. Combined total value = 1,146,232,400,000
Strike 75800 has a total call value of 1,189,069,800,000 versus a total put value of 70,564,200,000. Combined total value = 1,259,634,000,000
Strike 75900 has a total call value of 1,317,946,200,000 versus a total put value of 61,777,200,000. Combined total value = 1,379,723,400,000
Strike 76000 has a total call value of 1,452,075,400,000 versus a total put value of 53,803,400,000. Combined total value = 1,505,878,800,000
Strike 76100 has a total call value of 1,614,119,000,000 versus a total put value of 50,112,200,000. Combined total value = 1,664,231,200,000
Strike 76200 has a total call value of 1,780,976,800,000 versus a total put value of 46,978,200,000. Combined total value = 1,827,955,000,000
Strike 76300 has a total call value of 1,955,869,400,000 versus a total put value of 44,304,200,000. Combined total value = 2,000,173,600,000
Strike 76400 has a total call value of 2,135,987,400,000 versus a total put value of 41,921,600,000. Combined total value = 2,177,909,000,000
Strike 76500 has a total call value of 2,319,821,800,000 versus a total put value of 39,666,800,000. Combined total value = 2,359,488,600,000
Strike 76600 has a total call value of 2,521,197,800,000 versus a total put value of 37,827,200,000. Combined total value = 2,559,025,000,000
Strike 76700 has a total call value of 2,725,978,400,000 versus a total put value of 36,140,600,000. Combined total value = 2,762,119,000,000
Strike 76800 has a total call value of 2,936,334,200,000 versus a total put value of 34,539,800,000. Combined total value = 2,970,874,000,000
Strike 76900 has a total call value of 3,151,667,200,000 versus a total put value of 33,020,800,000. Combined total value = 3,184,688,000,000
Strike 77000 has a total call value of 3,370,335,400,000 versus a total put value of 31,576,400,000. Combined total value = 3,401,911,800,000
Strike 77100 has a total call value of 3,618,128,400,000 versus a total put value of 30,366,400,000. Combined total value = 3,648,494,800,000
Strike 77200 has a total call value of 3,868,688,600,000 versus a total put value of 29,214,400,000. Combined total value = 3,897,903,000,000
Strike 77300 has a total call value of 4,122,669,800,000 versus a total put value of 28,099,800,000. Combined total value = 4,150,769,600,000
Strike 77400 has a total call value of 4,380,095,400,000 versus a total put value of 27,017,000,000. Combined total value = 4,407,112,400,000
Strike 77500 has a total call value of 4,639,671,200,000 versus a total put value of 25,942,400,000. Combined total value = 4,665,613,600,000
Strike 77600 has a total call value of 4,917,100,200,000 versus a total put value of 24,953,600,000. Combined total value = 4,942,053,800,000
Strike 77700 has a total call value of 5,195,857,400,000 versus a total put value of 23,970,600,000. Combined total value = 5,219,828,000,000
Strike 77800 has a total call value of 5,478,268,400,000 versus a total put value of 22,993,000,000. Combined total value = 5,501,261,400,000
Strike 77900 has a total call value of 5,762,277,800,000 versus a total put value of 22,018,200,000. Combined total value = 5,784,296,000,000
Strike 78000 has a total call value of 6,046,998,600,000 versus a total put value of 21,043,400,000. Combined total value = 6,068,042,000,000
Strike 78100 has a total call value of 6,350,829,600,000 versus a total put value of 20,271,600,000. Combined total value = 6,371,101,200,000
Strike 78200 has a total call value of 6,655,897,400,000 versus a total put value of 19,500,200,000. Combined total value = 6,675,397,600,000
Strike 78300 has a total call value of 6,962,594,600,000 versus a total put value of 18,729,200,000. Combined total value = 6,981,323,800,000
Strike 78400 has a total call value of 7,270,540,000,000 versus a total put value of 17,958,200,000. Combined total value = 7,288,498,200,000
Strike 78500 has a total call value of 7,579,165,000,000 versus a total put value of 17,187,200,000. Combined total value = 7,596,352,200,000
Strike 78600 has a total call value of 7,893,760,200,000 versus a total put value of 16,656,800,000. Combined total value = 7,910,417,000,000
Strike 78700 has a total call value of 8,211,031,200,000 versus a total put value of 16,132,800,000. Combined total value = 8,227,164,000,000
Strike 78800 has a total call value of 8,529,879,200,000 versus a total put value of 15,608,800,000. Combined total value = 8,545,488,000,000
Strike 78900 has a total call value of 8,849,259,800,000 versus a total put value of 15,084,800,000. Combined total value = 8,864,344,600,000
Strike 79000 has a total call value of 9,168,882,400,000 versus a total put value of 14,560,800,000. Combined total value = 9,183,443,200,000
Strike 79100 has a total call value of 9,496,642,800,000 versus a total put value of 14,065,600,000. Combined total value = 9,510,708,400,000
Strike 79200 has a total call value of 9,824,681,600,000 versus a total put value of 13,570,400,000. Combined total value = 9,838,252,000,000
Strike 79300 has a total call value of 10,153,166,400,000 versus a total put value of 13,075,200,000. Combined total value = 10,166,241,600,000
Strike 79400 has a total call value of 10,482,060,400,000 versus a total put value of 12,580,000,000. Combined total value = 10,494,640,400,000
Strike 79500 has a total call value of 10,811,187,200,000 versus a total put value of 12,086,000,000. Combined total value = 10,823,273,200,000
Strike 79600 has a total call value of 11,142,436,400,000 versus a total put value of 11,637,600,000. Combined total value = 11,154,074,000,000
Strike 79700 has a total call value of 11,474,005,600,000 versus a total put value of 11,189,200,000. Combined total value = 11,485,194,800,000
Strike 79800 has a total call value of 11,805,745,200,000 versus a total put value of 10,740,800,000. Combined total value = 11,816,486,000,000
Strike 79900 has a total call value of 12,138,007,000,000 versus a total put value of 10,292,400,000. Combined total value = 12,148,299,400,000
Strike 80000 has a total call value of 12,470,447,600,000 versus a total put value of 9,844,000,000. Combined total value = 12,480,291,600,000
Strike 80100 has a total call value of 12,807,571,000,000 versus a total put value of 9,544,800,000. Combined total value = 12,817,115,800,000
Strike 80200 has a total call value of 13,144,876,800,000 versus a total put value of 9,245,600,000. Combined total value = 13,154,122,400,000
Strike 80300 has a total call value of 13,482,386,800,000 versus a total put value of 8,946,400,000. Combined total value = 13,491,333,200,000
Strike 80400 has a total call value of 13,820,018,400,000 versus a total put value of 8,647,200,000. Combined total value = 13,828,665,600,000
Strike 80500 has a total call value of 14,157,754,800,000 versus a total put value of 8,348,000,000. Combined total value = 14,166,102,800,000
Strike 80600 has a total call value of 14,496,541,600,000 versus a total put value of 8,054,000,000. Combined total value = 14,504,595,600,000
Strike 80700 has a total call value of 14,835,475,400,000 versus a total put value of 7,760,000,000. Combined total value = 14,843,235,400,000
Strike 80800 has a total call value of 15,174,517,200,000 versus a total put value of 7,466,000,000. Combined total value = 15,181,983,200,000
Strike 80900 has a total call value of 15,513,716,200,000 versus a total put value of 7,172,000,000. Combined total value = 15,520,888,200,000
Strike 81000 has a total call value of 15,853,052,200,000 versus a total put value of 6,878,000,000. Combined total value = 15,859,930,200,000
Strike 81100 has a total call value of 16,193,926,800,000 versus a total put value of 6,619,000,000. Combined total value = 16,200,545,800,000
Strike 81200 has a total call value of 16,534,911,000,000 versus a total put value of 6,360,000,000. Combined total value = 16,541,271,000,000
Strike 81300 has a total call value of 16,876,016,800,000 versus a total put value of 6,101,000,000. Combined total value = 16,882,117,800,000
Strike 81400 has a total call value of 17,217,232,400,000 versus a total put value of 5,842,000,000. Combined total value = 17,223,074,400,000
Strike 81500 has a total call value of 17,558,528,200,000 versus a total put value of 5,583,000,000. Combined total value = 17,564,111,200,000
Strike 81600 has a total call value of 17,900,197,800,000 versus a total put value of 5,324,600,000. Combined total value = 17,905,522,400,000
Strike 81700 has a total call value of 18,241,907,400,000 versus a total put value of 5,066,200,000. Combined total value = 18,246,973,600,000
Strike 81800 has a total call value of 18,583,713,000,000 versus a total put value of 4,807,800,000. Combined total value = 18,588,520,800,000
Strike 81900 has a total call value of 18,925,563,200,000 versus a total put value of 4,549,400,000. Combined total value = 18,930,112,600,000
Strike 82000 has a total call value of 19,267,451,800,000 versus a total put value of 4,291,000,000. Combined total value = 19,271,742,800,000
Strike 82100 has a total call value of 19,611,322,200,000 versus a total put value of 4,093,400,000. Combined total value = 19,615,415,600,000
Strike 82200 has a total call value of 19,955,216,000,000 versus a total put value of 3,895,800,000. Combined total value = 19,959,111,800,000
Strike 82300 has a total call value of 20,299,147,400,000 versus a total put value of 3,698,200,000. Combined total value = 20,302,845,600,000
Strike 82400 has a total call value of 20,643,096,400,000 versus a total put value of 3,500,600,000. Combined total value = 20,646,597,000,000
Strike 82500 has a total call value of 20,987,063,000,000 versus a total put value of 3,303,000,000. Combined total value = 20,990,366,000,000
Strike 82600 has a total call value of 21,331,305,400,000 versus a total put value of 3,115,600,000. Combined total value = 21,334,421,000,000
Strike 82700 has a total call value of 21,675,574,800,000 versus a total put value of 2,928,200,000. Combined total value = 21,678,503,000,000
Strike 82800 has a total call value of 22,019,891,800,000 versus a total put value of 2,740,800,000. Combined total value = 22,022,632,600,000
Strike 82900 has a total call value of 22,364,240,400,000 versus a total put value of 2,553,400,000. Combined total value = 22,366,793,800,000
Strike 83000 has a total call value of 22,708,627,000,000 versus a total put value of 2,366,000,000. Combined total value = 22,710,993,000,000
Strike 83100 has a total call value of 23,054,667,200,000 versus a total put value of 2,203,600,000. Combined total value = 23,056,870,800,000
Strike 83200 has a total call value of 23,400,730,800,000 versus a total put value of 2,041,200,000. Combined total value = 23,402,772,000,000
Strike 83300 has a total call value of 23,746,806,000,000 versus a total put value of 1,878,800,000. Combined total value = 23,748,684,800,000
Strike 83400 has a total call value of 24,092,893,200,000 versus a total put value of 1,716,400,000. Combined total value = 24,094,609,600,000
Strike 83500 has a total call value of 24,438,993,200,000 versus a total put value of 1,554,000,000. Combined total value = 24,440,547,200,000
Strike 83600 has a total call value of 24,785,129,800,000 versus a total put value of 1,392,000,000. Combined total value = 24,786,521,800,000
Strike 83700 has a total call value of 25,131,271,200,000 versus a total put value of 1,230,000,000. Combined total value = 25,132,501,200,000
Strike 83800 has a total call value of 25,477,416,400,000 versus a total put value of 1,068,000,000. Combined total value = 25,478,484,400,000
Strike 83900 has a total call value of 25,823,569,600,000 versus a total put value of 906,000,000. Combined total value = 25,824,475,600,000
Strike 84000 has a total call value of 26,169,726,600,000 versus a total put value of 744,000,000. Combined total value = 26,170,470,600,000
Strike 84100 has a total call value of 26,516,178,600,000 versus a total put value of 672,800,000. Combined total value = 26,516,851,400,000
Strike 84200 has a total call value of 26,862,636,600,000 versus a total put value of 601,600,000. Combined total value = 26,863,238,200,000
Strike 84300 has a total call value of 27,209,116,200,000 versus a total put value of 530,400,000. Combined total value = 27,209,646,600,000
Strike 84400 has a total call value of 27,555,601,800,000 versus a total put value of 459,200,000. Combined total value = 27,556,061,000,000
Strike 84500 has a total call value of 27,902,092,400,000 versus a total put value of 388,000,000. Combined total value = 27,902,480,400,000
Strike 84600 has a total call value of 28,248,592,600,000 versus a total put value of 323,200,000. Combined total value = 28,248,915,800,000
Strike 84700 has a total call value of 28,595,112,000,000 versus a total put value of 258,400,000. Combined total value = 28,595,370,400,000
Strike 84800 has a total call value of 28,941,632,400,000 versus a total put value of 193,600,000. Combined total value = 28,941,826,000,000
Strike 84900 has a total call value of 29,288,155,400,000 versus a total put value of 128,800,000. Combined total value = 29,288,284,200,000
Strike 85000 has a total call value of 29,634,680,200,000 versus a total put value of 64,000,000. Combined total value = 29,634,744,200,000
Strike 85100 has a total call value of 29,981,865,600,000 versus a total put value of 57,600,000. Combined total value = 29,981,923,200,000
Strike 85200 has a total call value of 30,329,053,200,000 versus a total put value of 51,200,000. Combined total value = 30,329,104,400,000
Strike 85300 has a total call value of 30,676,243,200,000 versus a total put value of 44,800,000. Combined total value = 30,676,288,000,000
Strike 85400 has a total call value of 31,023,436,200,000 versus a total put value of 38,400,000. Combined total value = 31,023,474,600,000
Strike 85500 has a total call value of 31,370,639,600,000 versus a total put value of 32,000,000. Combined total value = 31,370,671,600,000
Strike 85600 has a total call value of 31,717,913,600,000 versus a total put value of 25,600,000. Combined total value = 31,717,939,200,000
Strike 85700 has a total call value of 32,065,189,000,000 versus a total put value of 19,200,000. Combined total value = 32,065,208,200,000
Strike 85800 has a total call value of 32,412,551,200,000 versus a total put value of 12,800,000. Combined total value = 32,412,564,000,000
Strike 85900 has a total call value of 32,759,930,600,000 versus a total put value of 6,400,000. Combined total value = 32,759,937,000,000
Strike 86000 has a total call value of 33,107,319,000,000 versus a total put value of 0. Combined total value = 33,107,319,000,000
Strike 86100 has a total call value of 33,454,836,400,000 versus a total put value of 0. Combined total value = 33,454,836,400,000
Strike 86200 has a total call value of 33,802,415,200,000 versus a total put value of 0. Combined total value = 33,802,415,200,000
Strike 86300 has a total call value of 34,150,018,800,000 versus a total put value of 0. Combined total value = 34,150,018,800,000
Max-Pain Table for Index
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:
- For each strike price: Calculate the difference between the current stock price and the strike price.
- Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
- Sum the values: Add together the dollar value for put options and call options at each strike price.
- Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
- 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.
