SENSEX
Sensex
Max pain for SENSEX
02 Jul 2024 10:47 AM IST
Max Pain for SENSEX is 79400
Strike 70200 has a total call value of 0 versus a total put value of 580,244,000,000 Combined total value = 580,244,000,000
Strike 70300 has a total call value of 0 versus a total put value of 573,127,200,000 Combined total value = 573,127,200,000
Strike 70400 has a total call value of 0 versus a total put value of 566,010,400,000 Combined total value = 566,010,400,000
Strike 70500 has a total call value of 0 versus a total put value of 558,893,600,000 Combined total value = 558,893,600,000
Strike 70600 has a total call value of 0 versus a total put value of 551,776,800,000 Combined total value = 551,776,800,000
Strike 70700 has a total call value of 0 versus a total put value of 544,660,000,000 Combined total value = 544,660,000,000
Strike 70800 has a total call value of 0 versus a total put value of 537,543,200,000 Combined total value = 537,543,200,000
Strike 70900 has a total call value of 0 versus a total put value of 530,426,400,000 Combined total value = 530,426,400,000
Strike 71000 has a total call value of 0 versus a total put value of 523,309,600,000 Combined total value = 523,309,600,000
Strike 71100 has a total call value of 0 versus a total put value of 516,192,800,000 Combined total value = 516,192,800,000
Strike 71200 has a total call value of 0 versus a total put value of 509,076,000,000 Combined total value = 509,076,000,000
Strike 71300 has a total call value of 0 versus a total put value of 501,959,200,000 Combined total value = 501,959,200,000
Strike 71400 has a total call value of 0 versus a total put value of 494,842,400,000 Combined total value = 494,842,400,000
Strike 71500 has a total call value of 0 versus a total put value of 487,725,600,000 Combined total value = 487,725,600,000
Strike 71600 has a total call value of 0 versus a total put value of 480,608,800,000 Combined total value = 480,608,800,000
Strike 71700 has a total call value of 0 versus a total put value of 473,492,000,000 Combined total value = 473,492,000,000
Strike 71800 has a total call value of 0 versus a total put value of 466,375,200,000 Combined total value = 466,375,200,000
Strike 71900 has a total call value of 0 versus a total put value of 459,258,400,000 Combined total value = 459,258,400,000
Strike 72000 has a total call value of 0 versus a total put value of 452,141,600,000 Combined total value = 452,141,600,000
Strike 72100 has a total call value of 0 versus a total put value of 445,024,800,000 Combined total value = 445,024,800,000
Strike 72200 has a total call value of 0 versus a total put value of 437,908,000,000 Combined total value = 437,908,000,000
Strike 72300 has a total call value of 0 versus a total put value of 430,791,200,000 Combined total value = 430,791,200,000
Strike 72400 has a total call value of 0 versus a total put value of 423,674,400,000 Combined total value = 423,674,400,000
Strike 72500 has a total call value of 0 versus a total put value of 416,557,600,000 Combined total value = 416,557,600,000
Strike 72600 has a total call value of 0 versus a total put value of 409,440,800,000 Combined total value = 409,440,800,000
Strike 72700 has a total call value of 0 versus a total put value of 402,324,000,000 Combined total value = 402,324,000,000
Strike 72800 has a total call value of 0 versus a total put value of 395,207,200,000 Combined total value = 395,207,200,000
Strike 72900 has a total call value of 0 versus a total put value of 388,090,400,000 Combined total value = 388,090,400,000
Strike 73000 has a total call value of 0 versus a total put value of 380,973,600,000 Combined total value = 380,973,600,000
Strike 73100 has a total call value of 0 versus a total put value of 373,856,800,000 Combined total value = 373,856,800,000
Strike 73200 has a total call value of 0 versus a total put value of 366,740,000,000 Combined total value = 366,740,000,000
Strike 73300 has a total call value of 0 versus a total put value of 359,623,200,000 Combined total value = 359,623,200,000
Strike 73400 has a total call value of 0 versus a total put value of 352,506,400,000 Combined total value = 352,506,400,000
Strike 73500 has a total call value of 0 versus a total put value of 345,389,600,000 Combined total value = 345,389,600,000
Strike 73600 has a total call value of 0 versus a total put value of 338,272,800,000 Combined total value = 338,272,800,000
Strike 73700 has a total call value of 0 versus a total put value of 331,156,000,000 Combined total value = 331,156,000,000
Strike 73800 has a total call value of 0 versus a total put value of 324,039,200,000 Combined total value = 324,039,200,000
Strike 73900 has a total call value of 0 versus a total put value of 316,922,400,000 Combined total value = 316,922,400,000
Strike 74000 has a total call value of 0 versus a total put value of 309,805,600,000 Combined total value = 309,805,600,000
Strike 74100 has a total call value of 0 versus a total put value of 302,688,800,000 Combined total value = 302,688,800,000
Strike 74200 has a total call value of 0 versus a total put value of 295,572,000,000 Combined total value = 295,572,000,000
Strike 74300 has a total call value of 0 versus a total put value of 288,455,200,000 Combined total value = 288,455,200,000
Strike 74400 has a total call value of 0 versus a total put value of 281,338,400,000 Combined total value = 281,338,400,000
Strike 74500 has a total call value of 0 versus a total put value of 274,221,600,000 Combined total value = 274,221,600,000
Strike 74600 has a total call value of 0 versus a total put value of 267,125,500,000 Combined total value = 267,125,500,000
Strike 74700 has a total call value of 0 versus a total put value of 260,029,400,000 Combined total value = 260,029,400,000
Strike 74800 has a total call value of 0 versus a total put value of 252,933,300,000 Combined total value = 252,933,300,000
Strike 74900 has a total call value of 0 versus a total put value of 245,837,200,000 Combined total value = 245,837,200,000
Strike 75000 has a total call value of 0 versus a total put value of 238,741,100,000 Combined total value = 238,741,100,000
Strike 75100 has a total call value of 0 versus a total put value of 231,857,000,000 Combined total value = 231,857,000,000
Strike 75200 has a total call value of 0 versus a total put value of 224,972,900,000 Combined total value = 224,972,900,000
Strike 75300 has a total call value of 0 versus a total put value of 218,088,800,000 Combined total value = 218,088,800,000
Strike 75400 has a total call value of 0 versus a total put value of 211,204,700,000 Combined total value = 211,204,700,000
Strike 75500 has a total call value of 0 versus a total put value of 204,320,600,000 Combined total value = 204,320,600,000
Strike 75600 has a total call value of 0 versus a total put value of 197,436,600,000 Combined total value = 197,436,600,000
Strike 75700 has a total call value of 0 versus a total put value of 190,552,600,000 Combined total value = 190,552,600,000
Strike 75800 has a total call value of 0 versus a total put value of 183,668,600,000 Combined total value = 183,668,600,000
Strike 75900 has a total call value of 0 versus a total put value of 176,784,600,000 Combined total value = 176,784,600,000
Strike 76000 has a total call value of 0 versus a total put value of 169,904,200,000 Combined total value = 169,904,200,000
Strike 76100 has a total call value of 0 versus a total put value of 163,318,600,000 Combined total value = 163,318,600,000
Strike 76200 has a total call value of 0 versus a total put value of 156,733,000,000 Combined total value = 156,733,000,000
Strike 76300 has a total call value of 0 versus a total put value of 150,147,400,000 Combined total value = 150,147,400,000
Strike 76400 has a total call value of 0 versus a total put value of 143,561,800,000 Combined total value = 143,561,800,000
Strike 76500 has a total call value of 0 versus a total put value of 136,976,500,000 Combined total value = 136,976,500,000
Strike 76600 has a total call value of 0 versus a total put value of 130,391,300,000 Combined total value = 130,391,300,000
Strike 76700 has a total call value of 0 versus a total put value of 123,806,100,000 Combined total value = 123,806,100,000
Strike 76800 has a total call value of 0 versus a total put value of 117,247,400,000 Combined total value = 117,247,400,000
Strike 76900 has a total call value of 200,000 versus a total put value of 110,744,600,000 Combined total value = 110,744,800,000
Strike 77000 has a total call value of 400,000 versus a total put value of 104,241,800,000 Combined total value = 104,242,200,000
Strike 77100 has a total call value of 141,300,000 versus a total put value of 98,303,000,000 Combined total value = 98,444,300,000
Strike 77200 has a total call value of 282,300,000 versus a total put value of 92,391,300,000 Combined total value = 92,673,600,000
Strike 77300 has a total call value of 423,700,000 versus a total put value of 86,503,400,000 Combined total value = 86,927,100,000
Strike 77400 has a total call value of 565,100,000 versus a total put value of 80,655,100,000 Combined total value = 81,220,200,000
Strike 77500 has a total call value of 706,500,000 versus a total put value of 74,814,100,000 Combined total value = 75,520,600,000
Strike 77600 has a total call value of 875,700,000 versus a total put value of 69,419,400,000 Combined total value = 70,295,100,000
Strike 77700 has a total call value of 1,046,100,000 versus a total put value of 64,085,400,000 Combined total value = 65,131,500,000
Strike 77800 has a total call value of 1,216,500,000 versus a total put value of 58,877,600,000 Combined total value = 60,094,100,000
Strike 77900 has a total call value of 1,387,000,000 versus a total put value of 53,750,000,000 Combined total value = 55,137,000,000
Strike 78000 has a total call value of 1,557,500,000 versus a total put value of 48,714,800,000 Combined total value = 50,272,300,000
Strike 78100 has a total call value of 1,858,300,000 versus a total put value of 44,382,800,000 Combined total value = 46,241,100,000
Strike 78200 has a total call value of 2,159,500,000 versus a total put value of 40,154,100,000 Combined total value = 42,313,600,000
Strike 78300 has a total call value of 2,461,000,000 versus a total put value of 35,985,700,000 Combined total value = 38,446,700,000
Strike 78400 has a total call value of 2,762,500,000 versus a total put value of 31,885,700,000 Combined total value = 34,648,200,000
Strike 78500 has a total call value of 3,066,900,000 versus a total put value of 27,859,800,000 Combined total value = 30,926,700,000
Strike 78600 has a total call value of 3,402,500,000 versus a total put value of 24,197,500,000 Combined total value = 27,600,000,000
Strike 78700 has a total call value of 3,741,700,000 versus a total put value of 20,604,200,000 Combined total value = 24,345,900,000
Strike 78800 has a total call value of 4,090,600,000 versus a total put value of 17,112,900,000 Combined total value = 21,203,500,000
Strike 78900 has a total call value of 4,455,300,000 versus a total put value of 13,769,900,000 Combined total value = 18,225,200,000
Strike 79000 has a total call value of 4,839,200,000 versus a total put value of 10,586,000,000 Combined total value = 15,425,200,000
Strike 79100 has a total call value of 5,643,400,000 versus a total put value of 8,243,600,000 Combined total value = 13,887,000,000
Strike 79200 has a total call value of 6,542,800,000 versus a total put value of 6,082,500,000 Combined total value = 12,625,300,000
Strike 79300 has a total call value of 7,639,400,000 versus a total put value of 4,211,900,000 Combined total value = 11,851,300,000
Strike 79400 has a total call value of 8,923,000,000 versus a total put value of 2,694,800,000 Combined total value = 11,617,800,000
Strike 79500 has a total call value of 10,475,400,000 versus a total put value of 1,500,800,000 Combined total value = 11,976,200,000
Strike 79600 has a total call value of 13,019,400,000 versus a total put value of 961,700,000 Combined total value = 13,981,100,000
Strike 79700 has a total call value of 15,949,300,000 versus a total put value of 636,900,000 Combined total value = 16,586,200,000
Strike 79800 has a total call value of 19,335,100,000 versus a total put value of 428,100,000 Combined total value = 19,763,200,000
Strike 79900 has a total call value of 22,954,800,000 versus a total put value of 276,300,000 Combined total value = 23,231,100,000
Strike 80000 has a total call value of 26,778,900,000 versus a total put value of 141,200,000 Combined total value = 26,920,100,000
Strike 80100 has a total call value of 31,250,200,000 versus a total put value of 104,900,000 Combined total value = 31,355,100,000
Strike 80200 has a total call value of 35,896,300,000 versus a total put value of 74,800,000 Combined total value = 35,971,100,000
Strike 80300 has a total call value of 40,693,500,000 versus a total put value of 48,300,000 Combined total value = 40,741,800,000
Strike 80400 has a total call value of 45,884,200,000 versus a total put value of 23,300,000 Combined total value = 45,907,500,000
Strike 80500 has a total call value of 51,314,400,000 versus a total put value of 1,400,000 Combined total value = 51,315,800,000
Strike 80600 has a total call value of 57,306,900,000 versus a total put value of 0 Combined total value = 57,306,900,000
Strike 80700 has a total call value of 63,460,400,000 versus a total put value of 0 Combined total value = 63,460,400,000
Strike 80800 has a total call value of 69,730,500,000 versus a total put value of 0 Combined total value = 69,730,500,000
Strike 80900 has a total call value of 76,170,800,000 versus a total put value of 0 Combined total value = 76,170,800,000
Strike 81000 has a total call value of 82,710,300,000 versus a total put value of 0 Combined total value = 82,710,300,000
Strike 81100 has a total call value of 89,950,300,000 versus a total put value of 0 Combined total value = 89,950,300,000
Strike 81200 has a total call value of 97,233,900,000 versus a total put value of 0 Combined total value = 97,233,900,000
Strike 81300 has a total call value of 104,706,800,000 versus a total put value of 0 Combined total value = 104,706,800,000
Strike 81400 has a total call value of 112,299,500,000 versus a total put value of 0 Combined total value = 112,299,500,000
Strike 81500 has a total call value of 120,017,500,000 versus a total put value of 0 Combined total value = 120,017,500,000
Strike 81600 has a total call value of 128,221,300,000 versus a total put value of 0 Combined total value = 128,221,300,000
Strike 81700 has a total call value of 136,533,600,000 versus a total put value of 0 Combined total value = 136,533,600,000
Strike 81800 has a total call value of 144,943,900,000 versus a total put value of 0 Combined total value = 144,943,900,000
Strike 81900 has a total call value of 153,436,200,000 versus a total put value of 0 Combined total value = 153,436,200,000
Strike 82000 has a total call value of 162,099,600,000 versus a total put value of 0 Combined total value = 162,099,600,000
Strike 82100 has a total call value of 171,622,600,000 versus a total put value of 0 Combined total value = 171,622,600,000
Strike 82200 has a total call value of 181,171,400,000 versus a total put value of 0 Combined total value = 181,171,400,000
Strike 82300 has a total call value of 190,858,600,000 versus a total put value of 0 Combined total value = 190,858,600,000
Strike 82400 has a total call value of 200,545,800,000 versus a total put value of 0 Combined total value = 200,545,800,000
Strike 82500 has a total call value of 210,233,000,000 versus a total put value of 0 Combined total value = 210,233,000,000
Strike 82600 has a total call value of 220,481,700,000 versus a total put value of 0 Combined total value = 220,481,700,000
Strike 82700 has a total call value of 230,787,600,000 versus a total put value of 0 Combined total value = 230,787,600,000
Strike 82800 has a total call value of 241,133,400,000 versus a total put value of 0 Combined total value = 241,133,400,000
Strike 82900 has a total call value of 251,531,200,000 versus a total put value of 0 Combined total value = 251,531,200,000
Strike 83000 has a total call value of 261,999,200,000 versus a total put value of 0 Combined total value = 261,999,200,000
Strike 83100 has a total call value of 273,068,000,000 versus a total put value of 0 Combined total value = 273,068,000,000
Strike 83200 has a total call value of 284,141,400,000 versus a total put value of 0 Combined total value = 284,141,400,000
Strike 83300 has a total call value of 295,295,900,000 versus a total put value of 0 Combined total value = 295,295,900,000
Strike 83400 has a total call value of 306,450,400,000 versus a total put value of 0 Combined total value = 306,450,400,000
Strike 83500 has a total call value of 317,612,400,000 versus a total put value of 0 Combined total value = 317,612,400,000
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.