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SENSEX
Sensex

83079.66 90.88 (0.11%)

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

All Max-Pain Table


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.