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SENSEX
Sensex

82948.23 -131.43 (-0.16%)

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

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.