SENSEX
Sensex
Max pain for SENSEX
20 Sep 2024 04:11 PM IST
Max Pain for SENSEX is 84000
Strike 65000 has a total call value of 0 versus a total put value of 1,093,439,900,000 Combined total value = 1,093,439,900,000
Strike 66000 has a total call value of 0 versus a total put value of 1,033,051,900,000 Combined total value = 1,033,051,900,000
Strike 67000 has a total call value of 0 versus a total put value of 972,665,900,000 Combined total value = 972,665,900,000
Strike 68000 has a total call value of 0 versus a total put value of 912,281,900,000 Combined total value = 912,281,900,000
Strike 69000 has a total call value of 0 versus a total put value of 851,900,900,000 Combined total value = 851,900,900,000
Strike 70000 has a total call value of 0 versus a total put value of 791,619,900,000 Combined total value = 791,619,900,000
Strike 71000 has a total call value of 0 versus a total put value of 731,339,900,000 Combined total value = 731,339,900,000
Strike 72000 has a total call value of 0 versus a total put value of 671,059,900,000 Combined total value = 671,059,900,000
Strike 73000 has a total call value of 0 versus a total put value of 610,779,900,000 Combined total value = 610,779,900,000
Strike 73200 has a total call value of 0 versus a total put value of 598,723,900,000 Combined total value = 598,723,900,000
Strike 73300 has a total call value of 0 versus a total put value of 592,695,900,000 Combined total value = 592,695,900,000
Strike 73400 has a total call value of 0 versus a total put value of 586,667,900,000 Combined total value = 586,667,900,000
Strike 73500 has a total call value of 0 versus a total put value of 580,639,900,000 Combined total value = 580,639,900,000
Strike 73600 has a total call value of 0 versus a total put value of 574,611,900,000 Combined total value = 574,611,900,000
Strike 73700 has a total call value of 0 versus a total put value of 568,583,900,000 Combined total value = 568,583,900,000
Strike 73800 has a total call value of 0 versus a total put value of 562,555,900,000 Combined total value = 562,555,900,000
Strike 73900 has a total call value of 0 versus a total put value of 556,527,900,000 Combined total value = 556,527,900,000
Strike 74000 has a total call value of 0 versus a total put value of 550,499,900,000 Combined total value = 550,499,900,000
Strike 74100 has a total call value of 0 versus a total put value of 544,471,900,000 Combined total value = 544,471,900,000
Strike 74200 has a total call value of 0 versus a total put value of 538,443,900,000 Combined total value = 538,443,900,000
Strike 74300 has a total call value of 0 versus a total put value of 532,415,900,000 Combined total value = 532,415,900,000
Strike 74400 has a total call value of 0 versus a total put value of 526,387,900,000 Combined total value = 526,387,900,000
Strike 74500 has a total call value of 0 versus a total put value of 520,359,900,000 Combined total value = 520,359,900,000
Strike 74600 has a total call value of 0 versus a total put value of 514,331,900,000 Combined total value = 514,331,900,000
Strike 74700 has a total call value of 0 versus a total put value of 508,303,900,000 Combined total value = 508,303,900,000
Strike 74800 has a total call value of 0 versus a total put value of 502,275,900,000 Combined total value = 502,275,900,000
Strike 74900 has a total call value of 0 versus a total put value of 496,247,900,000 Combined total value = 496,247,900,000
Strike 75000 has a total call value of 0 versus a total put value of 490,219,900,000 Combined total value = 490,219,900,000
Strike 75100 has a total call value of 0 versus a total put value of 484,191,900,000 Combined total value = 484,191,900,000
Strike 75200 has a total call value of 0 versus a total put value of 478,163,900,000 Combined total value = 478,163,900,000
Strike 75300 has a total call value of 0 versus a total put value of 472,135,900,000 Combined total value = 472,135,900,000
Strike 75400 has a total call value of 0 versus a total put value of 466,107,900,000 Combined total value = 466,107,900,000
Strike 75500 has a total call value of 0 versus a total put value of 460,079,900,000 Combined total value = 460,079,900,000
Strike 75600 has a total call value of 0 versus a total put value of 454,051,900,000 Combined total value = 454,051,900,000
Strike 75700 has a total call value of 0 versus a total put value of 448,023,900,000 Combined total value = 448,023,900,000
Strike 75800 has a total call value of 0 versus a total put value of 441,995,900,000 Combined total value = 441,995,900,000
Strike 75900 has a total call value of 0 versus a total put value of 435,967,900,000 Combined total value = 435,967,900,000
Strike 76000 has a total call value of 0 versus a total put value of 429,939,900,000 Combined total value = 429,939,900,000
Strike 76100 has a total call value of 0 versus a total put value of 423,911,900,000 Combined total value = 423,911,900,000
Strike 76200 has a total call value of 0 versus a total put value of 417,883,900,000 Combined total value = 417,883,900,000
Strike 76300 has a total call value of 0 versus a total put value of 411,855,900,000 Combined total value = 411,855,900,000
Strike 76400 has a total call value of 0 versus a total put value of 405,827,900,000 Combined total value = 405,827,900,000
Strike 76500 has a total call value of 0 versus a total put value of 399,799,900,000 Combined total value = 399,799,900,000
Strike 76600 has a total call value of 0 versus a total put value of 393,771,900,000 Combined total value = 393,771,900,000
Strike 76700 has a total call value of 0 versus a total put value of 387,743,900,000 Combined total value = 387,743,900,000
Strike 76800 has a total call value of 0 versus a total put value of 381,715,900,000 Combined total value = 381,715,900,000
Strike 76900 has a total call value of 0 versus a total put value of 375,687,900,000 Combined total value = 375,687,900,000
Strike 77000 has a total call value of 0 versus a total put value of 369,659,900,000 Combined total value = 369,659,900,000
Strike 77100 has a total call value of 0 versus a total put value of 363,631,900,000 Combined total value = 363,631,900,000
Strike 77200 has a total call value of 0 versus a total put value of 357,603,900,000 Combined total value = 357,603,900,000
Strike 77300 has a total call value of 0 versus a total put value of 351,575,900,000 Combined total value = 351,575,900,000
Strike 77400 has a total call value of 0 versus a total put value of 345,547,900,000 Combined total value = 345,547,900,000
Strike 77500 has a total call value of 0 versus a total put value of 339,519,900,000 Combined total value = 339,519,900,000
Strike 77600 has a total call value of 0 versus a total put value of 333,491,900,000 Combined total value = 333,491,900,000
Strike 77700 has a total call value of 0 versus a total put value of 327,463,900,000 Combined total value = 327,463,900,000
Strike 77800 has a total call value of 0 versus a total put value of 321,436,700,000 Combined total value = 321,436,700,000
Strike 77900 has a total call value of 0 versus a total put value of 315,410,300,000 Combined total value = 315,410,300,000
Strike 78000 has a total call value of 0 versus a total put value of 309,383,900,000 Combined total value = 309,383,900,000
Strike 78100 has a total call value of 0 versus a total put value of 303,357,500,000 Combined total value = 303,357,500,000
Strike 78200 has a total call value of 0 versus a total put value of 297,331,100,000 Combined total value = 297,331,100,000
Strike 78300 has a total call value of 0 versus a total put value of 291,304,700,000 Combined total value = 291,304,700,000
Strike 78400 has a total call value of 0 versus a total put value of 285,278,300,000 Combined total value = 285,278,300,000
Strike 78500 has a total call value of 0 versus a total put value of 279,251,900,000 Combined total value = 279,251,900,000
Strike 78600 has a total call value of 0 versus a total put value of 273,225,500,000 Combined total value = 273,225,500,000
Strike 78700 has a total call value of 0 versus a total put value of 267,199,100,000 Combined total value = 267,199,100,000
Strike 78800 has a total call value of 0 versus a total put value of 261,172,700,000 Combined total value = 261,172,700,000
Strike 78900 has a total call value of 0 versus a total put value of 255,146,300,000 Combined total value = 255,146,300,000
Strike 79000 has a total call value of 0 versus a total put value of 249,119,900,000 Combined total value = 249,119,900,000
Strike 79100 has a total call value of 0 versus a total put value of 243,093,500,000 Combined total value = 243,093,500,000
Strike 79200 has a total call value of 0 versus a total put value of 237,067,100,000 Combined total value = 237,067,100,000
Strike 79300 has a total call value of 0 versus a total put value of 231,040,700,000 Combined total value = 231,040,700,000
Strike 79400 has a total call value of 0 versus a total put value of 225,014,300,000 Combined total value = 225,014,300,000
Strike 79500 has a total call value of 0 versus a total put value of 218,987,900,000 Combined total value = 218,987,900,000
Strike 79600 has a total call value of 0 versus a total put value of 213,104,800,000 Combined total value = 213,104,800,000
Strike 79700 has a total call value of 0 versus a total put value of 207,221,700,000 Combined total value = 207,221,700,000
Strike 79800 has a total call value of 0 versus a total put value of 201,338,600,000 Combined total value = 201,338,600,000
Strike 79900 has a total call value of 0 versus a total put value of 195,455,500,000 Combined total value = 195,455,500,000
Strike 80000 has a total call value of 0 versus a total put value of 189,572,400,000 Combined total value = 189,572,400,000
Strike 80100 has a total call value of 0 versus a total put value of 183,969,900,000 Combined total value = 183,969,900,000
Strike 80200 has a total call value of 0 versus a total put value of 178,369,300,000 Combined total value = 178,369,300,000
Strike 80300 has a total call value of 0 versus a total put value of 172,768,700,000 Combined total value = 172,768,700,000
Strike 80400 has a total call value of 0 versus a total put value of 167,168,900,000 Combined total value = 167,168,900,000
Strike 80500 has a total call value of 0 versus a total put value of 161,569,100,000 Combined total value = 161,569,100,000
Strike 80600 has a total call value of 0 versus a total put value of 156,033,900,000 Combined total value = 156,033,900,000
Strike 80700 has a total call value of 0 versus a total put value of 150,498,700,000 Combined total value = 150,498,700,000
Strike 80800 has a total call value of 0 versus a total put value of 144,963,500,000 Combined total value = 144,963,500,000
Strike 80900 has a total call value of 0 versus a total put value of 139,428,600,000 Combined total value = 139,428,600,000
Strike 81000 has a total call value of 0 versus a total put value of 133,905,800,000 Combined total value = 133,905,800,000
Strike 81100 has a total call value of 25,700,000 versus a total put value of 128,600,100,000 Combined total value = 128,625,800,000
Strike 81200 has a total call value of 51,500,000 versus a total put value of 123,312,000,000 Combined total value = 123,363,500,000
Strike 81300 has a total call value of 77,600,000 versus a total put value of 118,039,900,000 Combined total value = 118,117,500,000
Strike 81400 has a total call value of 104,400,000 versus a total put value of 112,777,300,000 Combined total value = 112,881,700,000
Strike 81500 has a total call value of 133,000,000 versus a total put value of 107,527,100,000 Combined total value = 107,660,100,000
Strike 81600 has a total call value of 168,700,000 versus a total put value of 102,402,800,000 Combined total value = 102,571,500,000
Strike 81700 has a total call value of 204,500,000 versus a total put value of 97,285,300,000 Combined total value = 97,489,800,000
Strike 81800 has a total call value of 240,300,000 versus a total put value of 92,185,300,000 Combined total value = 92,425,600,000
Strike 81900 has a total call value of 276,100,000 versus a total put value of 87,095,500,000 Combined total value = 87,371,600,000
Strike 82000 has a total call value of 312,100,000 versus a total put value of 82,030,800,000 Combined total value = 82,342,900,000
Strike 82100 has a total call value of 403,200,000 versus a total put value of 77,239,600,000 Combined total value = 77,642,800,000
Strike 82200 has a total call value of 494,500,000 versus a total put value of 72,475,800,000 Combined total value = 72,970,300,000
Strike 82300 has a total call value of 586,600,000 versus a total put value of 67,728,300,000 Combined total value = 68,314,900,000
Strike 82400 has a total call value of 679,200,000 versus a total put value of 63,000,000,000 Combined total value = 63,679,200,000
Strike 82500 has a total call value of 772,500,000 versus a total put value of 58,290,000,000 Combined total value = 59,062,500,000
Strike 82600 has a total call value of 914,900,000 versus a total put value of 53,866,900,000 Combined total value = 54,781,800,000
Strike 82700 has a total call value of 1,058,700,000 versus a total put value of 49,486,200,000 Combined total value = 50,544,900,000
Strike 82800 has a total call value of 1,247,400,000 versus a total put value of 45,151,900,000 Combined total value = 46,399,300,000
Strike 82900 has a total call value of 1,440,900,000 versus a total put value of 40,849,400,000 Combined total value = 42,290,300,000
Strike 83000 has a total call value of 1,638,300,000 versus a total put value of 36,584,500,000 Combined total value = 38,222,800,000
Strike 83100 has a total call value of 1,991,200,000 versus a total put value of 32,840,300,000 Combined total value = 34,831,500,000
Strike 83200 has a total call value of 2,366,700,000 versus a total put value of 29,143,600,000 Combined total value = 31,510,300,000
Strike 83300 has a total call value of 2,756,500,000 versus a total put value of 25,514,300,000 Combined total value = 28,270,800,000
Strike 83400 has a total call value of 3,182,500,000 versus a total put value of 21,971,000,000 Combined total value = 25,153,500,000
Strike 83500 has a total call value of 3,652,700,000 versus a total put value of 18,532,300,000 Combined total value = 22,185,000,000
Strike 83600 has a total call value of 4,326,300,000 versus a total put value of 15,518,000,000 Combined total value = 19,844,300,000
Strike 83700 has a total call value of 5,046,800,000 versus a total put value of 12,576,900,000 Combined total value = 17,623,700,000
Strike 83800 has a total call value of 5,822,000,000 versus a total put value of 9,706,100,000 Combined total value = 15,528,100,000
Strike 83900 has a total call value of 6,673,600,000 versus a total put value of 6,983,000,000 Combined total value = 13,656,600,000
Strike 84000 has a total call value of 7,608,300,000 versus a total put value of 4,449,300,000 Combined total value = 12,057,600,000
Strike 84100 has a total call value of 9,701,500,000 versus a total put value of 3,305,900,000 Combined total value = 13,007,400,000
Strike 84200 has a total call value of 11,911,900,000 versus a total put value of 2,348,700,000 Combined total value = 14,260,600,000
Strike 84300 has a total call value of 14,236,500,000 versus a total put value of 1,558,300,000 Combined total value = 15,794,800,000
Strike 84400 has a total call value of 16,647,700,000 versus a total put value of 881,100,000 Combined total value = 17,528,800,000
Strike 84500 has a total call value of 19,191,700,000 versus a total put value of 345,100,000 Combined total value = 19,536,800,000
Strike 84600 has a total call value of 22,381,800,000 versus a total put value of 187,000,000 Combined total value = 22,568,800,000
Strike 84700 has a total call value of 25,670,500,000 versus a total put value of 136,600,000 Combined total value = 25,807,100,000
Strike 84800 has a total call value of 29,003,400,000 versus a total put value of 86,200,000 Combined total value = 29,089,600,000
Strike 84900 has a total call value of 32,373,400,000 versus a total put value of 40,800,000 Combined total value = 32,414,200,000
Strike 85000 has a total call value of 35,793,200,000 versus a total put value of 0 Combined total value = 35,793,200,000
Strike 85100 has a total call value of 39,622,400,000 versus a total put value of 0 Combined total value = 39,622,400,000
Strike 85200 has a total call value of 43,490,400,000 versus a total put value of 0 Combined total value = 43,490,400,000
Strike 85300 has a total call value of 47,396,000,000 versus a total put value of 0 Combined total value = 47,396,000,000
Strike 85400 has a total call value of 51,333,400,000 versus a total put value of 0 Combined total value = 51,333,400,000
Strike 85500 has a total call value of 55,271,100,000 versus a total put value of 0 Combined total value = 55,271,100,000
Strike 85600 has a total call value of 59,494,600,000 versus a total put value of 0 Combined total value = 59,494,600,000
Strike 85700 has a total call value of 63,718,100,000 versus a total put value of 0 Combined total value = 63,718,100,000
Strike 85800 has a total call value of 67,955,300,000 versus a total put value of 0 Combined total value = 67,955,300,000
Strike 85900 has a total call value of 72,192,500,000 versus a total put value of 0 Combined total value = 72,192,500,000
Strike 86000 has a total call value of 76,434,400,000 versus a total put value of 0 Combined total value = 76,434,400,000
Strike 86100 has a total call value of 80,915,200,000 versus a total put value of 0 Combined total value = 80,915,200,000
Strike 86200 has a total call value of 85,397,100,000 versus a total put value of 0 Combined total value = 85,397,100,000
Strike 86300 has a total call value of 89,879,400,000 versus a total put value of 0 Combined total value = 89,879,400,000
Strike 86400 has a total call value of 94,361,700,000 versus a total put value of 0 Combined total value = 94,361,700,000
Strike 86500 has a total call value of 98,844,000,000 versus a total put value of 0 Combined total value = 98,844,000,000
Strike 86600 has a total call value of 103,398,400,000 versus a total put value of 0 Combined total value = 103,398,400,000
Strike 86700 has a total call value of 107,960,800,000 versus a total put value of 0 Combined total value = 107,960,800,000
Strike 86800 has a total call value of 112,524,600,000 versus a total put value of 0 Combined total value = 112,524,600,000
Strike 86900 has a total call value of 117,089,600,000 versus a total put value of 0 Combined total value = 117,089,600,000
Strike 87000 has a total call value of 121,655,300,000 versus a total put value of 0 Combined total value = 121,655,300,000
Strike 87100 has a total call value of 126,434,600,000 versus a total put value of 0 Combined total value = 126,434,600,000
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.