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SENSEX
Sensex

82046.59 125.30 (0.15%)

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

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.