SENSEX
Sensex
Max pain for SENSEX
17 Sep 2024 04:11 PM IST
Max Pain for SENSEX is 83000
Strike 74600 has a total call value of 0 versus a total put value of 690,564,600,000 Combined total value = 690,564,600,000
Strike 74700 has a total call value of 0 versus a total put value of 680,638,100,000 Combined total value = 680,638,100,000
Strike 74800 has a total call value of 0 versus a total put value of 670,711,900,000 Combined total value = 670,711,900,000
Strike 74900 has a total call value of 0 versus a total put value of 660,806,400,000 Combined total value = 660,806,400,000
Strike 75000 has a total call value of 0 versus a total put value of 650,901,300,000 Combined total value = 650,901,300,000
Strike 75100 has a total call value of 0 versus a total put value of 640,997,000,000 Combined total value = 640,997,000,000
Strike 75200 has a total call value of 0 versus a total put value of 631,093,000,000 Combined total value = 631,093,000,000
Strike 75300 has a total call value of 0 versus a total put value of 621,189,000,000 Combined total value = 621,189,000,000
Strike 75400 has a total call value of 0 versus a total put value of 611,285,000,000 Combined total value = 611,285,000,000
Strike 75500 has a total call value of 0 versus a total put value of 601,381,000,000 Combined total value = 601,381,000,000
Strike 75600 has a total call value of 0 versus a total put value of 591,477,000,000 Combined total value = 591,477,000,000
Strike 75700 has a total call value of 0 versus a total put value of 581,573,000,000 Combined total value = 581,573,000,000
Strike 75800 has a total call value of 0 versus a total put value of 571,669,000,000 Combined total value = 571,669,000,000
Strike 75900 has a total call value of 0 versus a total put value of 561,765,000,000 Combined total value = 561,765,000,000
Strike 76000 has a total call value of 0 versus a total put value of 551,861,000,000 Combined total value = 551,861,000,000
Strike 76100 has a total call value of 0 versus a total put value of 541,957,000,000 Combined total value = 541,957,000,000
Strike 76200 has a total call value of 0 versus a total put value of 532,053,000,000 Combined total value = 532,053,000,000
Strike 76300 has a total call value of 0 versus a total put value of 522,149,000,000 Combined total value = 522,149,000,000
Strike 76400 has a total call value of 0 versus a total put value of 512,245,000,000 Combined total value = 512,245,000,000
Strike 76500 has a total call value of 0 versus a total put value of 502,341,000,000 Combined total value = 502,341,000,000
Strike 76600 has a total call value of 0 versus a total put value of 492,437,100,000 Combined total value = 492,437,100,000
Strike 76700 has a total call value of 0 versus a total put value of 482,533,200,000 Combined total value = 482,533,200,000
Strike 76800 has a total call value of 0 versus a total put value of 472,629,300,000 Combined total value = 472,629,300,000
Strike 76900 has a total call value of 0 versus a total put value of 462,725,400,000 Combined total value = 462,725,400,000
Strike 77000 has a total call value of 0 versus a total put value of 452,821,500,000 Combined total value = 452,821,500,000
Strike 77100 has a total call value of 0 versus a total put value of 442,917,600,000 Combined total value = 442,917,600,000
Strike 77200 has a total call value of 0 versus a total put value of 433,013,700,000 Combined total value = 433,013,700,000
Strike 77300 has a total call value of 0 versus a total put value of 423,109,800,000 Combined total value = 423,109,800,000
Strike 77400 has a total call value of 0 versus a total put value of 413,205,900,000 Combined total value = 413,205,900,000
Strike 77500 has a total call value of 0 versus a total put value of 403,302,000,000 Combined total value = 403,302,000,000
Strike 77600 has a total call value of 0 versus a total put value of 393,398,100,000 Combined total value = 393,398,100,000
Strike 77700 has a total call value of 0 versus a total put value of 383,494,200,000 Combined total value = 383,494,200,000
Strike 77800 has a total call value of 0 versus a total put value of 373,590,300,000 Combined total value = 373,590,300,000
Strike 77900 has a total call value of 0 versus a total put value of 363,686,400,000 Combined total value = 363,686,400,000
Strike 78000 has a total call value of 0 versus a total put value of 353,782,500,000 Combined total value = 353,782,500,000
Strike 78100 has a total call value of 0 versus a total put value of 343,878,600,000 Combined total value = 343,878,600,000
Strike 78200 has a total call value of 0 versus a total put value of 333,974,700,000 Combined total value = 333,974,700,000
Strike 78300 has a total call value of 0 versus a total put value of 324,070,800,000 Combined total value = 324,070,800,000
Strike 78400 has a total call value of 0 versus a total put value of 314,166,900,000 Combined total value = 314,166,900,000
Strike 78500 has a total call value of 0 versus a total put value of 304,263,000,000 Combined total value = 304,263,000,000
Strike 78600 has a total call value of 0 versus a total put value of 294,597,400,000 Combined total value = 294,597,400,000
Strike 78700 has a total call value of 0 versus a total put value of 284,931,800,000 Combined total value = 284,931,800,000
Strike 78800 has a total call value of 0 versus a total put value of 275,266,200,000 Combined total value = 275,266,200,000
Strike 78900 has a total call value of 0 versus a total put value of 265,600,600,000 Combined total value = 265,600,600,000
Strike 79000 has a total call value of 0 versus a total put value of 255,935,000,000 Combined total value = 255,935,000,000
Strike 79100 has a total call value of 0 versus a total put value of 246,691,800,000 Combined total value = 246,691,800,000
Strike 79200 has a total call value of 0 versus a total put value of 237,448,600,000 Combined total value = 237,448,600,000
Strike 79300 has a total call value of 0 versus a total put value of 228,205,400,000 Combined total value = 228,205,400,000
Strike 79400 has a total call value of 0 versus a total put value of 218,962,200,000 Combined total value = 218,962,200,000
Strike 79500 has a total call value of 0 versus a total put value of 209,728,500,000 Combined total value = 209,728,500,000
Strike 79600 has a total call value of 0 versus a total put value of 200,961,200,000 Combined total value = 200,961,200,000
Strike 79700 has a total call value of 0 versus a total put value of 192,217,700,000 Combined total value = 192,217,700,000
Strike 79800 has a total call value of 0 versus a total put value of 183,505,100,000 Combined total value = 183,505,100,000
Strike 79900 has a total call value of 0 versus a total put value of 174,831,400,000 Combined total value = 174,831,400,000
Strike 80000 has a total call value of 0 versus a total put value of 166,223,200,000 Combined total value = 166,223,200,000
Strike 80100 has a total call value of 700,000 versus a total put value of 158,046,200,000 Combined total value = 158,046,900,000
Strike 80200 has a total call value of 1,400,000 versus a total put value of 149,910,600,000 Combined total value = 149,912,000,000
Strike 80300 has a total call value of 2,100,000 versus a total put value of 141,889,500,000 Combined total value = 141,891,600,000
Strike 80400 has a total call value of 2,800,000 versus a total put value of 133,941,300,000 Combined total value = 133,944,100,000
Strike 80500 has a total call value of 3,500,000 versus a total put value of 126,069,800,000 Combined total value = 126,073,300,000
Strike 80600 has a total call value of 16,400,000 versus a total put value of 118,592,600,000 Combined total value = 118,609,000,000
Strike 80700 has a total call value of 29,300,000 versus a total put value of 111,234,800,000 Combined total value = 111,264,100,000
Strike 80800 has a total call value of 42,200,000 versus a total put value of 103,977,700,000 Combined total value = 104,019,900,000
Strike 80900 has a total call value of 55,200,000 versus a total put value of 96,797,200,000 Combined total value = 96,852,400,000
Strike 81000 has a total call value of 68,700,000 versus a total put value of 89,700,000,000 Combined total value = 89,768,700,000
Strike 81100 has a total call value of 133,800,000 versus a total put value of 83,291,600,000 Combined total value = 83,425,400,000
Strike 81200 has a total call value of 198,900,000 versus a total put value of 76,972,200,000 Combined total value = 77,171,100,000
Strike 81300 has a total call value of 264,100,000 versus a total put value of 70,773,400,000 Combined total value = 71,037,500,000
Strike 81400 has a total call value of 330,400,000 versus a total put value of 64,661,400,000 Combined total value = 64,991,800,000
Strike 81500 has a total call value of 398,000,000 versus a total put value of 58,641,900,000 Combined total value = 59,039,900,000
Strike 81600 has a total call value of 502,000,000 versus a total put value of 53,211,600,000 Combined total value = 53,713,600,000
Strike 81700 has a total call value of 610,600,000 versus a total put value of 47,887,200,000 Combined total value = 48,497,800,000
Strike 81800 has a total call value of 741,400,000 versus a total put value of 42,709,300,000 Combined total value = 43,450,700,000
Strike 81900 has a total call value of 882,800,000 versus a total put value of 37,752,800,000 Combined total value = 38,635,600,000
Strike 82000 has a total call value of 1,033,900,000 versus a total put value of 32,929,800,000 Combined total value = 33,963,700,000
Strike 82100 has a total call value of 1,364,600,000 versus a total put value of 28,991,500,000 Combined total value = 30,356,100,000
Strike 82200 has a total call value of 1,706,900,000 versus a total put value of 25,153,500,000 Combined total value = 26,860,400,000
Strike 82300 has a total call value of 2,203,700,000 versus a total put value of 21,461,000,000 Combined total value = 23,664,700,000
Strike 82400 has a total call value of 2,715,900,000 versus a total put value of 17,940,900,000 Combined total value = 20,656,800,000
Strike 82500 has a total call value of 3,281,500,000 versus a total put value of 14,529,000,000 Combined total value = 17,810,500,000
Strike 82600 has a total call value of 4,097,300,000 versus a total put value of 11,573,100,000 Combined total value = 15,670,400,000
Strike 82700 has a total call value of 4,945,800,000 versus a total put value of 8,745,900,000 Combined total value = 13,691,700,000
Strike 82800 has a total call value of 5,848,400,000 versus a total put value of 6,158,200,000 Combined total value = 12,006,600,000
Strike 82900 has a total call value of 6,837,800,000 versus a total put value of 3,950,100,000 Combined total value = 10,787,900,000
Strike 83000 has a total call value of 8,058,700,000 versus a total put value of 2,222,900,000 Combined total value = 10,281,600,000
Strike 83100 has a total call value of 9,999,600,000 versus a total put value of 1,434,100,000 Combined total value = 11,433,700,000
Strike 83200 has a total call value of 12,300,800,000 versus a total put value of 980,800,000 Combined total value = 13,281,600,000
Strike 83300 has a total call value of 14,943,200,000 versus a total put value of 661,700,000 Combined total value = 15,604,900,000
Strike 83400 has a total call value of 17,899,900,000 versus a total put value of 420,700,000 Combined total value = 18,320,600,000
Strike 83500 has a total call value of 21,010,100,000 versus a total put value of 234,900,000 Combined total value = 21,245,000,000
Strike 83600 has a total call value of 24,492,300,000 versus a total put value of 161,400,000 Combined total value = 24,653,700,000
Strike 83700 has a total call value of 28,081,100,000 versus a total put value of 107,000,000 Combined total value = 28,188,100,000
Strike 83800 has a total call value of 31,759,400,000 versus a total put value of 71,600,000 Combined total value = 31,831,000,000
Strike 83900 has a total call value of 35,560,900,000 versus a total put value of 38,300,000 Combined total value = 35,599,200,000
Strike 84000 has a total call value of 39,571,900,000 versus a total put value of 5,000,000 Combined total value = 39,576,900,000
Strike 84100 has a total call value of 44,067,800,000 versus a total put value of 3,200,000 Combined total value = 44,071,000,000
Strike 84200 has a total call value of 48,708,400,000 versus a total put value of 2,400,000 Combined total value = 48,710,800,000
Strike 84300 has a total call value of 53,470,100,000 versus a total put value of 1,600,000 Combined total value = 53,471,700,000
Strike 84400 has a total call value of 58,356,000,000 versus a total put value of 800,000 Combined total value = 58,356,800,000
Strike 84500 has a total call value of 63,345,700,000 versus a total put value of 0 Combined total value = 63,345,700,000
Strike 84600 has a total call value of 68,897,800,000 versus a total put value of 0 Combined total value = 68,897,800,000
Strike 84700 has a total call value of 74,520,700,000 versus a total put value of 0 Combined total value = 74,520,700,000
Strike 84800 has a total call value of 80,233,000,000 versus a total put value of 0 Combined total value = 80,233,000,000
Strike 84900 has a total call value of 86,050,300,000 versus a total put value of 0 Combined total value = 86,050,300,000
Strike 85000 has a total call value of 91,906,600,000 versus a total put value of 0 Combined total value = 91,906,600,000
Strike 85100 has a total call value of 98,527,300,000 versus a total put value of 0 Combined total value = 98,527,300,000
Strike 85200 has a total call value of 105,180,000,000 versus a total put value of 0 Combined total value = 105,180,000,000
Strike 85300 has a total call value of 111,928,100,000 versus a total put value of 0 Combined total value = 111,928,100,000
Strike 85400 has a total call value of 118,728,800,000 versus a total put value of 0 Combined total value = 118,728,800,000
Strike 85500 has a total call value of 125,712,600,000 versus a total put value of 0 Combined total value = 125,712,600,000
Strike 85600 has a total call value of 133,089,600,000 versus a total put value of 0 Combined total value = 133,089,600,000
Strike 85700 has a total call value of 140,546,000,000 versus a total put value of 0 Combined total value = 140,546,000,000
Strike 85800 has a total call value of 148,017,800,000 versus a total put value of 0 Combined total value = 148,017,800,000
Strike 85900 has a total call value of 155,590,100,000 versus a total put value of 0 Combined total value = 155,590,100,000
Strike 86000 has a total call value of 163,167,500,000 versus a total put value of 0 Combined total value = 163,167,500,000
Strike 86100 has a total call value of 171,336,800,000 versus a total put value of 0 Combined total value = 171,336,800,000
Strike 86200 has a total call value of 179,525,200,000 versus a total put value of 0 Combined total value = 179,525,200,000
Strike 86300 has a total call value of 187,736,000,000 versus a total put value of 0 Combined total value = 187,736,000,000
Strike 86400 has a total call value of 195,952,900,000 versus a total put value of 0 Combined total value = 195,952,900,000
Strike 86500 has a total call value of 204,180,000,000 versus a total put value of 0 Combined total value = 204,180,000,000
Strike 86600 has a total call value of 212,551,700,000 versus a total put value of 0 Combined total value = 212,551,700,000
Strike 86700 has a total call value of 220,932,600,000 versus a total put value of 0 Combined total value = 220,932,600,000
Strike 86800 has a total call value of 229,338,300,000 versus a total put value of 0 Combined total value = 229,338,300,000
Strike 86900 has a total call value of 237,759,000,000 versus a total put value of 0 Combined total value = 237,759,000,000
Strike 87000 has a total call value of 246,209,000,000 versus a total put value of 0 Combined total value = 246,209,000,000
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.