SENSEX
Sensex
Max pain for SENSEX
11 Sep 2024 11:11 AM IST
Max Pain for SENSEX is 81900
Strike 74600 has a total call value of 0 versus a total put value of 1,124,329,900,000 Combined total value = 1,124,329,900,000
Strike 74700 has a total call value of 0 versus a total put value of 1,105,217,700,000 Combined total value = 1,105,217,700,000
Strike 74800 has a total call value of 0 versus a total put value of 1,086,117,500,000 Combined total value = 1,086,117,500,000
Strike 74900 has a total call value of 0 versus a total put value of 1,067,029,500,000 Combined total value = 1,067,029,500,000
Strike 75000 has a total call value of 0 versus a total put value of 1,047,944,000,000 Combined total value = 1,047,944,000,000
Strike 75100 has a total call value of 0 versus a total put value of 1,028,900,800,000 Combined total value = 1,028,900,800,000
Strike 75200 has a total call value of 0 versus a total put value of 1,009,871,200,000 Combined total value = 1,009,871,200,000
Strike 75300 has a total call value of 0 versus a total put value of 990,841,600,000 Combined total value = 990,841,600,000
Strike 75400 has a total call value of 0 versus a total put value of 971,812,000,000 Combined total value = 971,812,000,000
Strike 75500 has a total call value of 0 versus a total put value of 952,782,400,000 Combined total value = 952,782,400,000
Strike 75600 has a total call value of 0 versus a total put value of 933,752,800,000 Combined total value = 933,752,800,000
Strike 75700 has a total call value of 0 versus a total put value of 914,723,200,000 Combined total value = 914,723,200,000
Strike 75800 has a total call value of 0 versus a total put value of 895,693,600,000 Combined total value = 895,693,600,000
Strike 75900 has a total call value of 0 versus a total put value of 876,664,000,000 Combined total value = 876,664,000,000
Strike 76000 has a total call value of 0 versus a total put value of 857,634,400,000 Combined total value = 857,634,400,000
Strike 76100 has a total call value of 0 versus a total put value of 838,604,800,000 Combined total value = 838,604,800,000
Strike 76200 has a total call value of 0 versus a total put value of 819,575,200,000 Combined total value = 819,575,200,000
Strike 76300 has a total call value of 0 versus a total put value of 800,545,600,000 Combined total value = 800,545,600,000
Strike 76400 has a total call value of 0 versus a total put value of 781,516,000,000 Combined total value = 781,516,000,000
Strike 76500 has a total call value of 0 versus a total put value of 762,486,400,000 Combined total value = 762,486,400,000
Strike 76600 has a total call value of 0 versus a total put value of 743,456,800,000 Combined total value = 743,456,800,000
Strike 76700 has a total call value of 0 versus a total put value of 724,427,200,000 Combined total value = 724,427,200,000
Strike 76800 has a total call value of 0 versus a total put value of 705,397,600,000 Combined total value = 705,397,600,000
Strike 76900 has a total call value of 0 versus a total put value of 686,368,000,000 Combined total value = 686,368,000,000
Strike 77000 has a total call value of 0 versus a total put value of 667,338,400,000 Combined total value = 667,338,400,000
Strike 77100 has a total call value of 0 versus a total put value of 648,477,300,000 Combined total value = 648,477,300,000
Strike 77200 has a total call value of 0 versus a total put value of 629,616,200,000 Combined total value = 629,616,200,000
Strike 77300 has a total call value of 0 versus a total put value of 610,755,100,000 Combined total value = 610,755,100,000
Strike 77400 has a total call value of 0 versus a total put value of 591,894,000,000 Combined total value = 591,894,000,000
Strike 77500 has a total call value of 0 versus a total put value of 573,032,900,000 Combined total value = 573,032,900,000
Strike 77600 has a total call value of 0 versus a total put value of 554,173,400,000 Combined total value = 554,173,400,000
Strike 77700 has a total call value of 0 versus a total put value of 535,313,900,000 Combined total value = 535,313,900,000
Strike 77800 has a total call value of 0 versus a total put value of 516,454,400,000 Combined total value = 516,454,400,000
Strike 77900 has a total call value of 0 versus a total put value of 497,594,900,000 Combined total value = 497,594,900,000
Strike 78000 has a total call value of 0 versus a total put value of 478,735,400,000 Combined total value = 478,735,400,000
Strike 78100 has a total call value of 0 versus a total put value of 460,704,400,000 Combined total value = 460,704,400,000
Strike 78200 has a total call value of 0 versus a total put value of 442,673,400,000 Combined total value = 442,673,400,000
Strike 78300 has a total call value of 0 versus a total put value of 424,642,400,000 Combined total value = 424,642,400,000
Strike 78400 has a total call value of 0 versus a total put value of 406,611,400,000 Combined total value = 406,611,400,000
Strike 78500 has a total call value of 0 versus a total put value of 388,580,400,000 Combined total value = 388,580,400,000
Strike 78600 has a total call value of 0 versus a total put value of 371,244,400,000 Combined total value = 371,244,400,000
Strike 78700 has a total call value of 0 versus a total put value of 353,908,400,000 Combined total value = 353,908,400,000
Strike 78800 has a total call value of 0 versus a total put value of 336,572,400,000 Combined total value = 336,572,400,000
Strike 78900 has a total call value of 100,000 versus a total put value of 319,236,400,000 Combined total value = 319,236,500,000
Strike 79000 has a total call value of 200,000 versus a total put value of 301,900,400,000 Combined total value = 301,900,600,000
Strike 79100 has a total call value of 800,000 versus a total put value of 286,386,100,000 Combined total value = 286,386,900,000
Strike 79200 has a total call value of 1,400,000 versus a total put value of 270,920,000,000 Combined total value = 270,921,400,000
Strike 79300 has a total call value of 2,000,000 versus a total put value of 255,537,400,000 Combined total value = 255,539,400,000
Strike 79400 has a total call value of 2,600,000 versus a total put value of 240,280,300,000 Combined total value = 240,282,900,000
Strike 79500 has a total call value of 3,200,000 versus a total put value of 225,304,800,000 Combined total value = 225,308,000,000
Strike 79600 has a total call value of 3,800,000 versus a total put value of 211,582,100,000 Combined total value = 211,585,900,000
Strike 79700 has a total call value of 4,400,000 versus a total put value of 197,999,700,000 Combined total value = 198,004,100,000
Strike 79800 has a total call value of 5,000,000 versus a total put value of 184,577,400,000 Combined total value = 184,582,400,000
Strike 79900 has a total call value of 5,700,000 versus a total put value of 171,386,100,000 Combined total value = 171,391,800,000
Strike 80000 has a total call value of 6,400,000 versus a total put value of 158,372,200,000 Combined total value = 158,378,600,000
Strike 80100 has a total call value of 32,200,000 versus a total put value of 146,663,100,000 Combined total value = 146,695,300,000
Strike 80200 has a total call value of 58,000,000 versus a total put value of 135,050,800,000 Combined total value = 135,108,800,000
Strike 80300 has a total call value of 84,000,000 versus a total put value of 123,572,700,000 Combined total value = 123,656,700,000
Strike 80400 has a total call value of 110,700,000 versus a total put value of 112,321,100,000 Combined total value = 112,431,800,000
Strike 80500 has a total call value of 137,800,000 versus a total put value of 101,298,900,000 Combined total value = 101,436,700,000
Strike 80600 has a total call value of 197,400,000 versus a total put value of 91,182,400,000 Combined total value = 91,379,800,000
Strike 80700 has a total call value of 262,100,000 versus a total put value of 81,333,300,000 Combined total value = 81,595,400,000
Strike 80800 has a total call value of 336,400,000 versus a total put value of 71,776,600,000 Combined total value = 72,113,000,000
Strike 80900 has a total call value of 424,800,000 versus a total put value of 62,530,400,000 Combined total value = 62,955,200,000
Strike 81000 has a total call value of 531,500,000 versus a total put value of 53,530,400,000 Combined total value = 54,061,900,000
Strike 81100 has a total call value of 890,200,000 versus a total put value of 45,639,000,000 Combined total value = 46,529,200,000
Strike 81200 has a total call value of 1,303,500,000 versus a total put value of 38,224,100,000 Combined total value = 39,527,600,000
Strike 81300 has a total call value of 1,845,500,000 versus a total put value of 31,443,100,000 Combined total value = 33,288,600,000
Strike 81400 has a total call value of 2,503,200,000 versus a total put value of 25,207,500,000 Combined total value = 27,710,700,000
Strike 81500 has a total call value of 3,312,100,000 versus a total put value of 19,439,800,000 Combined total value = 22,751,900,000
Strike 81600 has a total call value of 4,620,200,000 versus a total put value of 14,944,400,000 Combined total value = 19,564,600,000
Strike 81700 has a total call value of 6,184,700,000 versus a total put value of 10,994,900,000 Combined total value = 17,179,600,000
Strike 81800 has a total call value of 8,011,300,000 versus a total put value of 7,538,600,000 Combined total value = 15,549,900,000
Strike 81900 has a total call value of 10,428,700,000 versus a total put value of 4,981,200,000 Combined total value = 15,409,900,000
Strike 82000 has a total call value of 13,520,800,000 versus a total put value of 3,054,800,000 Combined total value = 16,575,600,000
Strike 82100 has a total call value of 18,058,900,000 versus a total put value of 2,137,400,000 Combined total value = 20,196,300,000
Strike 82200 has a total call value of 23,558,400,000 versus a total put value of 1,523,400,000 Combined total value = 25,081,800,000
Strike 82300 has a total call value of 29,968,300,000 versus a total put value of 1,099,200,000 Combined total value = 31,067,500,000
Strike 82400 has a total call value of 36,904,100,000 versus a total put value of 763,300,000 Combined total value = 37,667,400,000
Strike 82500 has a total call value of 44,207,500,000 versus a total put value of 461,000,000 Combined total value = 44,668,500,000
Strike 82600 has a total call value of 52,627,700,000 versus a total put value of 346,600,000 Combined total value = 52,974,300,000
Strike 82700 has a total call value of 61,635,400,000 versus a total put value of 247,800,000 Combined total value = 61,883,200,000
Strike 82800 has a total call value of 70,997,500,000 versus a total put value of 158,400,000 Combined total value = 71,155,900,000
Strike 82900 has a total call value of 80,820,000,000 versus a total put value of 78,300,000 Combined total value = 80,898,300,000
Strike 83000 has a total call value of 91,184,300,000 versus a total put value of 0 Combined total value = 91,184,300,000
Strike 83100 has a total call value of 102,759,200,000 versus a total put value of 0 Combined total value = 102,759,200,000
Strike 83200 has a total call value of 114,644,600,000 versus a total put value of 0 Combined total value = 114,644,600,000
Strike 83300 has a total call value of 127,011,200,000 versus a total put value of 0 Combined total value = 127,011,200,000
Strike 83400 has a total call value of 139,720,000,000 versus a total put value of 0 Combined total value = 139,720,000,000
Strike 83500 has a total call value of 152,728,100,000 versus a total put value of 0 Combined total value = 152,728,100,000
Strike 83600 has a total call value of 167,026,000,000 versus a total put value of 0 Combined total value = 167,026,000,000
Strike 83700 has a total call value of 181,503,200,000 versus a total put value of 0 Combined total value = 181,503,200,000
Strike 83800 has a total call value of 196,246,200,000 versus a total put value of 0 Combined total value = 196,246,200,000
Strike 83900 has a total call value of 211,173,800,000 versus a total put value of 0 Combined total value = 211,173,800,000
Strike 84000 has a total call value of 226,230,600,000 versus a total put value of 0 Combined total value = 226,230,600,000
Strike 84100 has a total call value of 244,117,900,000 versus a total put value of 0 Combined total value = 244,117,900,000
Strike 84200 has a total call value of 262,164,300,000 versus a total put value of 0 Combined total value = 262,164,300,000
Strike 84300 has a total call value of 280,552,300,000 versus a total put value of 0 Combined total value = 280,552,300,000
Strike 84400 has a total call value of 299,109,500,000 versus a total put value of 0 Combined total value = 299,109,500,000
Strike 84500 has a total call value of 317,825,000,000 versus a total put value of 0 Combined total value = 317,825,000,000
Strike 84600 has a total call value of 337,215,900,000 versus a total put value of 0 Combined total value = 337,215,900,000
Strike 84700 has a total call value of 356,635,400,000 versus a total put value of 0 Combined total value = 356,635,400,000
Strike 84800 has a total call value of 376,068,400,000 versus a total put value of 0 Combined total value = 376,068,400,000
Strike 84900 has a total call value of 395,502,000,000 versus a total put value of 0 Combined total value = 395,502,000,000
Strike 85000 has a total call value of 414,936,500,000 versus a total put value of 0 Combined total value = 414,936,500,000
Strike 85100 has a total call value of 435,380,200,000 versus a total put value of 0 Combined total value = 435,380,200,000
Strike 85200 has a total call value of 455,825,400,000 versus a total put value of 0 Combined total value = 455,825,400,000
Strike 85300 has a total call value of 476,271,300,000 versus a total put value of 0 Combined total value = 476,271,300,000
Strike 85400 has a total call value of 496,739,000,000 versus a total put value of 0 Combined total value = 496,739,000,000
Strike 85500 has a total call value of 517,206,900,000 versus a total put value of 0 Combined total value = 517,206,900,000
Strike 85600 has a total call value of 537,754,800,000 versus a total put value of 0 Combined total value = 537,754,800,000
Strike 85700 has a total call value of 558,302,700,000 versus a total put value of 0 Combined total value = 558,302,700,000
Strike 85800 has a total call value of 578,850,600,000 versus a total put value of 0 Combined total value = 578,850,600,000
Strike 85900 has a total call value of 599,398,500,000 versus a total put value of 0 Combined total value = 599,398,500,000
Strike 86000 has a total call value of 619,962,100,000 versus a total put value of 0 Combined total value = 619,962,100,000
Strike 86100 has a total call value of 640,694,800,000 versus a total put value of 0 Combined total value = 640,694,800,000
Strike 86200 has a total call value of 661,433,500,000 versus a total put value of 0 Combined total value = 661,433,500,000
Strike 86300 has a total call value of 682,179,600,000 versus a total put value of 0 Combined total value = 682,179,600,000
Strike 86400 has a total call value of 702,950,500,000 versus a total put value of 0 Combined total value = 702,950,500,000
Strike 86500 has a total call value of 723,724,700,000 versus a total put value of 0 Combined total value = 723,724,700,000
Strike 86600 has a total call value of 744,553,500,000 versus a total put value of 0 Combined total value = 744,553,500,000
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.