SENSEX
Sensex
Max pain for SENSEX
18 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 751,976,400,000 Combined total value = 751,976,400,000
Strike 74700 has a total call value of 0 versus a total put value of 740,826,200,000 Combined total value = 740,826,200,000
Strike 74800 has a total call value of 0 versus a total put value of 729,676,300,000 Combined total value = 729,676,300,000
Strike 74900 has a total call value of 0 versus a total put value of 718,542,900,000 Combined total value = 718,542,900,000
Strike 75000 has a total call value of 0 versus a total put value of 707,419,900,000 Combined total value = 707,419,900,000
Strike 75100 has a total call value of 0 versus a total put value of 696,304,000,000 Combined total value = 696,304,000,000
Strike 75200 has a total call value of 0 versus a total put value of 685,188,400,000 Combined total value = 685,188,400,000
Strike 75300 has a total call value of 0 versus a total put value of 674,072,800,000 Combined total value = 674,072,800,000
Strike 75400 has a total call value of 0 versus a total put value of 662,957,200,000 Combined total value = 662,957,200,000
Strike 75500 has a total call value of 0 versus a total put value of 651,841,600,000 Combined total value = 651,841,600,000
Strike 75600 has a total call value of 0 versus a total put value of 640,726,000,000 Combined total value = 640,726,000,000
Strike 75700 has a total call value of 0 versus a total put value of 629,610,400,000 Combined total value = 629,610,400,000
Strike 75800 has a total call value of 0 versus a total put value of 618,494,800,000 Combined total value = 618,494,800,000
Strike 75900 has a total call value of 0 versus a total put value of 607,379,200,000 Combined total value = 607,379,200,000
Strike 76000 has a total call value of 0 versus a total put value of 596,263,600,000 Combined total value = 596,263,600,000
Strike 76100 has a total call value of 0 versus a total put value of 585,148,000,000 Combined total value = 585,148,000,000
Strike 76200 has a total call value of 0 versus a total put value of 574,032,400,000 Combined total value = 574,032,400,000
Strike 76300 has a total call value of 0 versus a total put value of 562,916,800,000 Combined total value = 562,916,800,000
Strike 76400 has a total call value of 0 versus a total put value of 551,801,200,000 Combined total value = 551,801,200,000
Strike 76500 has a total call value of 0 versus a total put value of 540,685,600,000 Combined total value = 540,685,600,000
Strike 76600 has a total call value of 0 versus a total put value of 529,570,100,000 Combined total value = 529,570,100,000
Strike 76700 has a total call value of 0 versus a total put value of 518,454,600,000 Combined total value = 518,454,600,000
Strike 76800 has a total call value of 0 versus a total put value of 507,339,100,000 Combined total value = 507,339,100,000
Strike 76900 has a total call value of 0 versus a total put value of 496,223,600,000 Combined total value = 496,223,600,000
Strike 77000 has a total call value of 0 versus a total put value of 485,108,100,000 Combined total value = 485,108,100,000
Strike 77100 has a total call value of 0 versus a total put value of 473,992,600,000 Combined total value = 473,992,600,000
Strike 77200 has a total call value of 0 versus a total put value of 462,877,100,000 Combined total value = 462,877,100,000
Strike 77300 has a total call value of 0 versus a total put value of 451,761,600,000 Combined total value = 451,761,600,000
Strike 77400 has a total call value of 0 versus a total put value of 440,646,100,000 Combined total value = 440,646,100,000
Strike 77500 has a total call value of 0 versus a total put value of 429,530,600,000 Combined total value = 429,530,600,000
Strike 77600 has a total call value of 0 versus a total put value of 418,415,100,000 Combined total value = 418,415,100,000
Strike 77700 has a total call value of 0 versus a total put value of 407,299,600,000 Combined total value = 407,299,600,000
Strike 77800 has a total call value of 0 versus a total put value of 396,184,100,000 Combined total value = 396,184,100,000
Strike 77900 has a total call value of 0 versus a total put value of 385,068,600,000 Combined total value = 385,068,600,000
Strike 78000 has a total call value of 0 versus a total put value of 373,953,100,000 Combined total value = 373,953,100,000
Strike 78100 has a total call value of 0 versus a total put value of 362,837,600,000 Combined total value = 362,837,600,000
Strike 78200 has a total call value of 0 versus a total put value of 351,722,100,000 Combined total value = 351,722,100,000
Strike 78300 has a total call value of 0 versus a total put value of 340,607,000,000 Combined total value = 340,607,000,000
Strike 78400 has a total call value of 0 versus a total put value of 329,491,900,000 Combined total value = 329,491,900,000
Strike 78500 has a total call value of 0 versus a total put value of 318,376,800,000 Combined total value = 318,376,800,000
Strike 78600 has a total call value of 0 versus a total put value of 307,772,100,000 Combined total value = 307,772,100,000
Strike 78700 has a total call value of 0 versus a total put value of 297,167,400,000 Combined total value = 297,167,400,000
Strike 78800 has a total call value of 0 versus a total put value of 286,562,700,000 Combined total value = 286,562,700,000
Strike 78900 has a total call value of 0 versus a total put value of 275,958,000,000 Combined total value = 275,958,000,000
Strike 79000 has a total call value of 0 versus a total put value of 265,353,300,000 Combined total value = 265,353,300,000
Strike 79100 has a total call value of 0 versus a total put value of 255,477,000,000 Combined total value = 255,477,000,000
Strike 79200 has a total call value of 0 versus a total put value of 245,600,700,000 Combined total value = 245,600,700,000
Strike 79300 has a total call value of 0 versus a total put value of 235,724,400,000 Combined total value = 235,724,400,000
Strike 79400 has a total call value of 0 versus a total put value of 225,848,100,000 Combined total value = 225,848,100,000
Strike 79500 has a total call value of 0 versus a total put value of 216,006,700,000 Combined total value = 216,006,700,000
Strike 79600 has a total call value of 0 versus a total put value of 206,701,900,000 Combined total value = 206,701,900,000
Strike 79700 has a total call value of 0 versus a total put value of 197,461,700,000 Combined total value = 197,461,700,000
Strike 79800 has a total call value of 0 versus a total put value of 188,266,800,000 Combined total value = 188,266,800,000
Strike 79900 has a total call value of 0 versus a total put value of 179,138,200,000 Combined total value = 179,138,200,000
Strike 80000 has a total call value of 0 versus a total put value of 170,043,900,000 Combined total value = 170,043,900,000
Strike 80100 has a total call value of 700,000 versus a total put value of 161,608,100,000 Combined total value = 161,608,800,000
Strike 80200 has a total call value of 1,400,000 versus a total put value of 153,231,700,000 Combined total value = 153,233,100,000
Strike 80300 has a total call value of 2,100,000 versus a total put value of 144,909,500,000 Combined total value = 144,911,600,000
Strike 80400 has a total call value of 2,800,000 versus a total put value of 136,650,300,000 Combined total value = 136,653,100,000
Strike 80500 has a total call value of 3,500,000 versus a total put value of 128,478,800,000 Combined total value = 128,482,300,000
Strike 80600 has a total call value of 16,400,000 versus a total put value of 120,880,400,000 Combined total value = 120,896,800,000
Strike 80700 has a total call value of 29,300,000 versus a total put value of 113,362,900,000 Combined total value = 113,392,200,000
Strike 80800 has a total call value of 42,200,000 versus a total put value of 105,986,000,000 Combined total value = 106,028,200,000
Strike 80900 has a total call value of 55,200,000 versus a total put value of 98,672,700,000 Combined total value = 98,727,900,000
Strike 81000 has a total call value of 68,700,000 versus a total put value of 91,435,800,000 Combined total value = 91,504,500,000
Strike 81100 has a total call value of 132,700,000 versus a total put value of 84,822,100,000 Combined total value = 84,954,800,000
Strike 81200 has a total call value of 196,700,000 versus a total put value of 78,304,000,000 Combined total value = 78,500,700,000
Strike 81300 has a total call value of 261,300,000 versus a total put value of 71,971,000,000 Combined total value = 72,232,300,000
Strike 81400 has a total call value of 328,300,000 versus a total put value of 65,749,600,000 Combined total value = 66,077,900,000
Strike 81500 has a total call value of 396,600,000 versus a total put value of 59,680,600,000 Combined total value = 60,077,200,000
Strike 81600 has a total call value of 499,900,000 versus a total put value of 54,101,400,000 Combined total value = 54,601,300,000
Strike 81700 has a total call value of 607,700,000 versus a total put value of 48,630,900,000 Combined total value = 49,238,600,000
Strike 81800 has a total call value of 737,300,000 versus a total put value of 43,311,200,000 Combined total value = 44,048,500,000
Strike 81900 has a total call value of 876,800,000 versus a total put value of 38,142,600,000 Combined total value = 39,019,400,000
Strike 82000 has a total call value of 1,024,200,000 versus a total put value of 33,229,900,000 Combined total value = 34,254,100,000
Strike 82100 has a total call value of 1,328,600,000 versus a total put value of 29,104,200,000 Combined total value = 30,432,800,000
Strike 82200 has a total call value of 1,648,200,000 versus a total put value of 25,212,700,000 Combined total value = 26,860,900,000
Strike 82300 has a total call value of 2,062,500,000 versus a total put value of 21,550,500,000 Combined total value = 23,613,000,000
Strike 82400 has a total call value of 2,500,900,000 versus a total put value of 18,040,700,000 Combined total value = 20,541,600,000
Strike 82500 has a total call value of 2,981,300,000 versus a total put value of 14,637,400,000 Combined total value = 17,618,700,000
Strike 82600 has a total call value of 3,694,900,000 versus a total put value of 11,667,200,000 Combined total value = 15,362,100,000
Strike 82700 has a total call value of 4,450,000,000 versus a total put value of 8,857,200,000 Combined total value = 13,307,200,000
Strike 82800 has a total call value of 5,317,400,000 versus a total put value of 6,298,000,000 Combined total value = 11,615,400,000
Strike 82900 has a total call value of 6,354,400,000 versus a total put value of 4,131,000,000 Combined total value = 10,485,400,000
Strike 83000 has a total call value of 7,671,700,000 versus a total put value of 2,443,500,000 Combined total value = 10,115,200,000
Strike 83100 has a total call value of 10,226,600,000 versus a total put value of 1,774,800,000 Combined total value = 12,001,400,000
Strike 83200 has a total call value of 13,226,100,000 versus a total put value of 1,262,400,000 Combined total value = 14,488,500,000
Strike 83300 has a total call value of 16,711,800,000 versus a total put value of 903,900,000 Combined total value = 17,615,700,000
Strike 83400 has a total call value of 20,544,900,000 versus a total put value of 603,400,000 Combined total value = 21,148,300,000
Strike 83500 has a total call value of 24,633,200,000 versus a total put value of 365,500,000 Combined total value = 24,998,700,000
Strike 83600 has a total call value of 29,262,500,000 versus a total put value of 261,600,000 Combined total value = 29,524,100,000
Strike 83700 has a total call value of 34,110,300,000 versus a total put value of 181,800,000 Combined total value = 34,292,100,000
Strike 83800 has a total call value of 39,151,800,000 versus a total put value of 120,200,000 Combined total value = 39,272,000,000
Strike 83900 has a total call value of 44,349,600,000 versus a total put value of 69,700,000 Combined total value = 44,419,300,000
Strike 84000 has a total call value of 49,769,700,000 versus a total put value of 26,600,000 Combined total value = 49,796,300,000
Strike 84100 has a total call value of 55,997,600,000 versus a total put value of 20,200,000 Combined total value = 56,017,800,000
Strike 84200 has a total call value of 62,399,300,000 versus a total put value of 15,100,000 Combined total value = 62,414,400,000
Strike 84300 has a total call value of 69,012,900,000 versus a total put value of 10,000,000 Combined total value = 69,022,900,000
Strike 84400 has a total call value of 75,790,100,000 versus a total put value of 4,900,000 Combined total value = 75,795,000,000
Strike 84500 has a total call value of 82,733,900,000 versus a total put value of 0 Combined total value = 82,733,900,000
Strike 84600 has a total call value of 90,526,900,000 versus a total put value of 0 Combined total value = 90,526,900,000
Strike 84700 has a total call value of 98,418,900,000 versus a total put value of 0 Combined total value = 98,418,900,000
Strike 84800 has a total call value of 106,409,600,000 versus a total put value of 0 Combined total value = 106,409,600,000
Strike 84900 has a total call value of 114,511,900,000 versus a total put value of 0 Combined total value = 114,511,900,000
Strike 85000 has a total call value of 122,698,400,000 versus a total put value of 0 Combined total value = 122,698,400,000
Strike 85100 has a total call value of 132,007,700,000 versus a total put value of 0 Combined total value = 132,007,700,000
Strike 85200 has a total call value of 141,426,300,000 versus a total put value of 0 Combined total value = 141,426,300,000
Strike 85300 has a total call value of 150,988,400,000 versus a total put value of 0 Combined total value = 150,988,400,000
Strike 85400 has a total call value of 160,715,000,000 versus a total put value of 0 Combined total value = 160,715,000,000
Strike 85500 has a total call value of 170,574,900,000 versus a total put value of 0 Combined total value = 170,574,900,000
Strike 85600 has a total call value of 181,153,700,000 versus a total put value of 0 Combined total value = 181,153,700,000
Strike 85700 has a total call value of 191,829,100,000 versus a total put value of 0 Combined total value = 191,829,100,000
Strike 85800 has a total call value of 202,602,200,000 versus a total put value of 0 Combined total value = 202,602,200,000
Strike 85900 has a total call value of 213,511,200,000 versus a total put value of 0 Combined total value = 213,511,200,000
Strike 86000 has a total call value of 224,518,400,000 versus a total put value of 0 Combined total value = 224,518,400,000
Strike 86100 has a total call value of 236,627,300,000 versus a total put value of 0 Combined total value = 236,627,300,000
Strike 86200 has a total call value of 248,840,000,000 versus a total put value of 0 Combined total value = 248,840,000,000
Strike 86300 has a total call value of 261,126,800,000 versus a total put value of 0 Combined total value = 261,126,800,000
Strike 86400 has a total call value of 273,458,400,000 versus a total put value of 0 Combined total value = 273,458,400,000
Strike 86500 has a total call value of 285,828,200,000 versus a total put value of 0 Combined total value = 285,828,200,000
Strike 86600 has a total call value of 298,685,400,000 versus a total put value of 0 Combined total value = 298,685,400,000
Strike 86700 has a total call value of 311,556,100,000 versus a total put value of 0 Combined total value = 311,556,100,000
Strike 86800 has a total call value of 324,466,500,000 versus a total put value of 0 Combined total value = 324,466,500,000
Strike 86900 has a total call value of 337,407,500,000 versus a total put value of 0 Combined total value = 337,407,500,000
Strike 87000 has a total call value of 350,389,200,000 versus a total put value of 0 Combined total value = 350,389,200,000
Strike 87100 has a total call value of 363,957,200,000 versus a total put value of 0 Combined total value = 363,957,200,000
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.