SENSEX

Sensex

85588.4 +323.08 (0.38%)

L: 85078.12 H: 85796.72

Max Pain - SENSEX

05 Dec 2025 02:07 PM IST

Live

Expiry

Max Pain for SENSEX is 85600

Historical data for SENSEX-85600-CE

LTP (85600 CE)

463.85 115.35

Open Interest

18139 14521

Historical data for SENSEX-85600-PE

LTP (85600 PE)

308.65 -210.95

Open Interest

28314 27558

Strike 75700 has a total call value of 0 versus a total put value of 11,257,638,800,000 Combined total value = 11,257,638,800,000

Strike 75800 has a total call value of 0 versus a total put value of 11,123,053,400,000 Combined total value = 11,123,053,400,000

Strike 75900 has a total call value of 0 versus a total put value of 10,988,468,000,000 Combined total value = 10,988,468,000,000

Strike 76000 has a total call value of 0 versus a total put value of 10,853,882,600,000 Combined total value = 10,853,882,600,000

Strike 76100 has a total call value of 800,000 versus a total put value of 10,719,598,200,000 Combined total value = 10,719,599,000,000

Strike 76200 has a total call value of 1,600,000 versus a total put value of 10,585,313,800,000 Combined total value = 10,585,315,400,000

Strike 76300 has a total call value of 2,400,000 versus a total put value of 10,451,029,400,000 Combined total value = 10,451,031,800,000

Strike 76400 has a total call value of 3,200,000 versus a total put value of 10,316,745,000,000 Combined total value = 10,316,748,200,000

Strike 76500 has a total call value of 4,000,000 versus a total put value of 10,182,460,600,000 Combined total value = 10,182,464,600,000

Strike 76600 has a total call value of 4,800,000 versus a total put value of 10,048,190,000,000 Combined total value = 10,048,194,800,000

Strike 76700 has a total call value of 5,600,000 versus a total put value of 9,913,919,800,000 Combined total value = 9,913,925,400,000

Strike 76800 has a total call value of 6,400,000 versus a total put value of 9,779,649,600,000 Combined total value = 9,779,656,000,000

Strike 76900 has a total call value of 7,200,000 versus a total put value of 9,645,379,400,000 Combined total value = 9,645,386,600,000

Strike 77000 has a total call value of 8,000,000 versus a total put value of 9,511,109,200,000 Combined total value = 9,511,117,200,000

Strike 77100 has a total call value of 8,800,000 versus a total put value of 9,376,935,800,000 Combined total value = 9,376,944,600,000

Strike 77200 has a total call value of 9,600,000 versus a total put value of 9,242,762,400,000 Combined total value = 9,242,772,000,000

Strike 77300 has a total call value of 10,400,000 versus a total put value of 9,108,591,200,000 Combined total value = 9,108,601,600,000

Strike 77400 has a total call value of 11,200,000 versus a total put value of 8,974,433,600,000 Combined total value = 8,974,444,800,000

Strike 77500 has a total call value of 12,000,000 versus a total put value of 8,840,279,800,000 Combined total value = 8,840,291,800,000

Strike 77600 has a total call value of 18,000,000 versus a total put value of 8,706,176,200,000 Combined total value = 8,706,194,200,000

Strike 77700 has a total call value of 24,000,000 versus a total put value of 8,572,073,000,000 Combined total value = 8,572,097,000,000

Strike 77800 has a total call value of 30,000,000 versus a total put value of 8,437,971,000,000 Combined total value = 8,438,001,000,000

Strike 77900 has a total call value of 36,000,000 versus a total put value of 8,303,870,400,000 Combined total value = 8,303,906,400,000

Strike 78000 has a total call value of 42,000,000 versus a total put value of 8,169,770,200,000 Combined total value = 8,169,812,200,000

Strike 78100 has a total call value of 50,000,000 versus a total put value of 8,035,889,400,000 Combined total value = 8,035,939,400,000

Strike 78200 has a total call value of 58,000,000 versus a total put value of 7,902,008,600,000 Combined total value = 7,902,066,600,000

Strike 78300 has a total call value of 66,000,000 versus a total put value of 7,768,127,800,000 Combined total value = 7,768,193,800,000

Strike 78400 has a total call value of 74,000,000 versus a total put value of 7,634,247,400,000 Combined total value = 7,634,321,400,000

Strike 78500 has a total call value of 82,000,000 versus a total put value of 7,500,368,200,000 Combined total value = 7,500,450,200,000

Strike 78600 has a total call value of 90,400,000 versus a total put value of 7,366,678,800,000 Combined total value = 7,366,769,200,000

Strike 78700 has a total call value of 98,800,000 versus a total put value of 7,232,999,200,000 Combined total value = 7,233,098,000,000

Strike 78800 has a total call value of 107,200,000 versus a total put value of 7,099,327,800,000 Combined total value = 7,099,435,000,000

Strike 78900 has a total call value of 115,600,000 versus a total put value of 6,965,660,600,000 Combined total value = 6,965,776,200,000

Strike 79000 has a total call value of 124,000,000 versus a total put value of 6,831,993,800,000 Combined total value = 6,832,117,800,000

Strike 79100 has a total call value of 135,400,000 versus a total put value of 6,699,175,200,000 Combined total value = 6,699,310,600,000

Strike 79200 has a total call value of 146,800,000 versus a total put value of 6,566,357,800,000 Combined total value = 6,566,504,600,000

Strike 79300 has a total call value of 158,200,000 versus a total put value of 6,433,541,800,000 Combined total value = 6,433,700,000,000

Strike 79400 has a total call value of 169,600,000 versus a total put value of 6,300,725,800,000 Combined total value = 6,300,895,400,000

Strike 79500 has a total call value of 181,000,000 versus a total put value of 6,167,949,800,000 Combined total value = 6,168,130,800,000

Strike 79600 has a total call value of 192,400,000 versus a total put value of 6,035,556,200,000 Combined total value = 6,035,748,600,000

Strike 79700 has a total call value of 203,800,000 versus a total put value of 5,903,164,000,000 Combined total value = 5,903,367,800,000

Strike 79800 has a total call value of 215,200,000 versus a total put value of 5,770,779,000,000 Combined total value = 5,770,994,200,000

Strike 79900 has a total call value of 226,600,000 versus a total put value of 5,638,402,200,000 Combined total value = 5,638,628,800,000

Strike 80000 has a total call value of 238,000,000 versus a total put value of 5,506,030,200,000 Combined total value = 5,506,268,200,000

Strike 80100 has a total call value of 263,000,000 versus a total put value of 5,375,862,400,000 Combined total value = 5,376,125,400,000

Strike 80200 has a total call value of 288,000,000 versus a total put value of 5,245,702,000,000 Combined total value = 5,245,990,000,000

Strike 80300 has a total call value of 313,000,000 versus a total put value of 5,115,542,600,000 Combined total value = 5,115,855,600,000

Strike 80400 has a total call value of 338,000,000 versus a total put value of 4,985,385,600,000 Combined total value = 4,985,723,600,000

Strike 80500 has a total call value of 363,000,000 versus a total put value of 4,855,234,200,000 Combined total value = 4,855,597,200,000

Strike 80600 has a total call value of 388,000,000 versus a total put value of 4,726,021,000,000 Combined total value = 4,726,409,000,000

Strike 80700 has a total call value of 413,000,000 versus a total put value of 4,596,822,800,000 Combined total value = 4,597,235,800,000

Strike 80800 has a total call value of 438,000,000 versus a total put value of 4,467,651,800,000 Combined total value = 4,468,089,800,000

Strike 80900 has a total call value of 463,000,000 versus a total put value of 4,338,491,400,000 Combined total value = 4,338,954,400,000

Strike 81000 has a total call value of 488,000,000 versus a total put value of 4,209,359,800,000 Combined total value = 4,209,847,800,000

Strike 81100 has a total call value of 559,600,000 versus a total put value of 4,082,725,400,000 Combined total value = 4,083,285,000,000

Strike 81200 has a total call value of 631,200,000 versus a total put value of 3,956,217,600,000 Combined total value = 3,956,848,800,000

Strike 81300 has a total call value of 702,800,000 versus a total put value of 3,829,798,800,000 Combined total value = 3,830,501,600,000

Strike 81400 has a total call value of 776,000,000 versus a total put value of 3,703,436,200,000 Combined total value = 3,704,212,200,000

Strike 81500 has a total call value of 849,200,000 versus a total put value of 3,577,199,200,000 Combined total value = 3,578,048,400,000

Strike 81600 has a total call value of 922,400,000 versus a total put value of 3,452,832,200,000 Combined total value = 3,453,754,600,000

Strike 81700 has a total call value of 995,600,000 versus a total put value of 3,328,644,000,000 Combined total value = 3,329,639,600,000

Strike 81800 has a total call value of 1,068,800,000 versus a total put value of 3,204,646,800,000 Combined total value = 3,205,715,600,000

Strike 81900 has a total call value of 1,142,000,000 versus a total put value of 3,081,147,600,000 Combined total value = 3,082,289,600,000

Strike 82000 has a total call value of 1,215,200,000 versus a total put value of 2,958,131,400,000 Combined total value = 2,959,346,600,000

Strike 82100 has a total call value of 1,301,000,000 versus a total put value of 2,841,948,400,000 Combined total value = 2,843,249,400,000

Strike 82200 has a total call value of 1,386,800,000 versus a total put value of 2,726,240,800,000 Combined total value = 2,727,627,600,000

Strike 82300 has a total call value of 1,472,600,000 versus a total put value of 2,610,945,600,000 Combined total value = 2,612,418,200,000

Strike 82400 has a total call value of 1,558,400,000 versus a total put value of 2,496,012,600,000 Combined total value = 2,497,571,000,000

Strike 82500 has a total call value of 1,648,600,000 versus a total put value of 2,381,371,000,000 Combined total value = 2,383,019,600,000

Strike 82600 has a total call value of 2,247,200,000 versus a total put value of 2,272,524,800,000 Combined total value = 2,274,772,000,000

Strike 82700 has a total call value of 2,846,200,000 versus a total put value of 2,164,426,600,000 Combined total value = 2,167,272,800,000

Strike 82800 has a total call value of 3,445,200,000 versus a total put value of 2,056,994,800,000 Combined total value = 2,060,440,000,000

Strike 82900 has a total call value of 4,062,000,000 versus a total put value of 1,950,615,200,000 Combined total value = 1,954,677,200,000

Strike 83000 has a total call value of 4,678,800,000 versus a total put value of 1,845,133,000,000 Combined total value = 1,849,811,800,000

Strike 83100 has a total call value of 5,844,400,000 versus a total put value of 1,747,634,600,000 Combined total value = 1,753,479,000,000

Strike 83200 has a total call value of 7,012,000,000 versus a total put value of 1,650,985,600,000 Combined total value = 1,657,997,600,000

Strike 83300 has a total call value of 8,180,200,000 versus a total put value of 1,555,065,000,000 Combined total value = 1,563,245,200,000

Strike 83400 has a total call value of 9,348,600,000 versus a total put value of 1,460,037,200,000 Combined total value = 1,469,385,800,000

Strike 83500 has a total call value of 10,519,400,000 versus a total put value of 1,365,698,400,000 Combined total value = 1,376,217,800,000

Strike 83600 has a total call value of 11,859,000,000 versus a total put value of 1,275,544,400,000 Combined total value = 1,287,403,400,000

Strike 83700 has a total call value of 13,203,000,000 versus a total put value of 1,186,366,800,000 Combined total value = 1,199,569,800,000

Strike 83800 has a total call value of 14,557,400,000 versus a total put value of 1,099,436,200,000 Combined total value = 1,113,993,600,000

Strike 83900 has a total call value of 15,918,000,000 versus a total put value of 1,013,816,000,000 Combined total value = 1,029,734,000,000

Strike 84000 has a total call value of 17,312,600,000 versus a total put value of 929,400,400,000 Combined total value = 946,713,000,000

Strike 84100 has a total call value of 19,029,800,000 versus a total put value of 852,158,800,000 Combined total value = 871,188,600,000

Strike 84200 has a total call value of 20,761,400,000 versus a total put value of 776,453,600,000 Combined total value = 797,215,000,000

Strike 84300 has a total call value of 22,541,600,000 versus a total put value of 702,940,000,000 Combined total value = 725,481,600,000

Strike 84400 has a total call value of 24,418,200,000 versus a total put value of 631,197,200,000 Combined total value = 655,615,400,000

Strike 84500 has a total call value of 26,382,400,000 versus a total put value of 561,225,600,000 Combined total value = 587,608,000,000

Strike 84600 has a total call value of 28,706,200,000 versus a total put value of 496,394,200,000 Combined total value = 525,100,400,000

Strike 84700 has a total call value of 31,213,800,000 versus a total put value of 433,124,000,000 Combined total value = 464,337,800,000

Strike 84800 has a total call value of 33,861,600,000 versus a total put value of 372,132,000,000 Combined total value = 405,993,600,000

Strike 84900 has a total call value of 36,664,600,000 versus a total put value of 313,661,000,000 Combined total value = 350,325,600,000

Strike 85000 has a total call value of 39,640,200,000 versus a total put value of 257,138,400,000 Combined total value = 296,778,600,000

Strike 85100 has a total call value of 44,403,800,000 versus a total put value of 208,857,600,000 Combined total value = 253,261,400,000

Strike 85200 has a total call value of 49,672,800,000 versus a total put value of 165,022,200,000 Combined total value = 214,695,000,000

Strike 85300 has a total call value of 55,911,200,000 versus a total put value of 126,525,400,000 Combined total value = 182,436,600,000

Strike 85400 has a total call value of 63,320,600,000 versus a total put value of 93,056,600,000 Combined total value = 156,377,200,000

Strike 85500 has a total call value of 72,263,800,000 versus a total put value of 64,673,200,000 Combined total value = 136,937,000,000

Strike 85600 has a total call value of 85,420,200,000 versus a total put value of 44,995,400,000 Combined total value = 130,415,600,000

Strike 85700 has a total call value of 102,204,400,000 versus a total put value of 30,980,400,000 Combined total value = 133,184,800,000

Strike 85800 has a total call value of 122,378,200,000 versus a total put value of 21,862,200,000 Combined total value = 144,240,400,000

Strike 85900 has a total call value of 146,087,800,000 versus a total put value of 15,605,400,000 Combined total value = 161,693,200,000

Strike 86000 has a total call value of 172,333,200,000 versus a total put value of 10,787,400,000 Combined total value = 183,120,600,000

Strike 86100 has a total call value of 205,323,800,000 versus a total put value of 8,621,000,000 Combined total value = 213,944,800,000

Strike 86200 has a total call value of 240,328,400,000 versus a total put value of 6,964,200,000 Combined total value = 247,292,600,000

Strike 86300 has a total call value of 277,024,400,000 versus a total put value of 5,633,400,000 Combined total value = 282,657,800,000

Strike 86400 has a total call value of 315,784,200,000 versus a total put value of 4,651,800,000 Combined total value = 320,436,000,000

Strike 86500 has a total call value of 356,418,800,000 versus a total put value of 3,740,200,000 Combined total value = 360,159,000,000

Strike 86600 has a total call value of 400,940,600,000 versus a total put value of 3,246,600,000 Combined total value = 404,187,200,000

Strike 86700 has a total call value of 446,994,600,000 versus a total put value of 2,827,600,000 Combined total value = 449,822,200,000

Strike 86800 has a total call value of 494,631,200,000 versus a total put value of 2,444,600,000 Combined total value = 497,075,800,000

Strike 86900 has a total call value of 543,941,400,000 versus a total put value of 2,082,200,000 Combined total value = 546,023,600,000

Strike 87000 has a total call value of 594,427,800,000 versus a total put value of 1,730,600,000 Combined total value = 596,158,400,000

Strike 87100 has a total call value of 650,299,400,000 versus a total put value of 1,644,200,000 Combined total value = 651,943,600,000

Strike 87200 has a total call value of 708,112,800,000 versus a total put value of 1,560,000,000 Combined total value = 709,672,800,000

Strike 87300 has a total call value of 768,343,400,000 versus a total put value of 1,479,200,000 Combined total value = 769,822,600,000

Strike 87400 has a total call value of 830,068,000,000 versus a total put value of 1,402,800,000 Combined total value = 831,470,800,000

Strike 87500 has a total call value of 893,100,200,000 versus a total put value of 1,328,200,000 Combined total value = 894,428,400,000

Strike 87600 has a total call value of 960,250,400,000 versus a total put value of 1,259,800,000 Combined total value = 961,510,200,000

Strike 87700 has a total call value of 1,028,288,400,000 versus a total put value of 1,195,400,000 Combined total value = 1,029,483,800,000

Strike 87800 has a total call value of 1,097,661,200,000 versus a total put value of 1,137,600,000 Combined total value = 1,098,798,800,000

Strike 87900 has a total call value of 1,168,034,800,000 versus a total put value of 1,079,800,000 Combined total value = 1,169,114,600,000

Strike 88000 has a total call value of 1,239,329,800,000 versus a total put value of 1,022,000,000 Combined total value = 1,240,351,800,000

Strike 88100 has a total call value of 1,315,673,600,000 versus a total put value of 971,200,000 Combined total value = 1,316,644,800,000

Strike 88200 has a total call value of 1,392,527,800,000 versus a total put value of 920,400,000 Combined total value = 1,393,448,200,000

Strike 88300 has a total call value of 1,470,258,200,000 versus a total put value of 869,600,000 Combined total value = 1,471,127,800,000

Strike 88400 has a total call value of 1,548,487,000,000 versus a total put value of 818,800,000 Combined total value = 1,549,305,800,000

Strike 88500 has a total call value of 1,627,501,200,000 versus a total put value of 768,000,000 Combined total value = 1,628,269,200,000

Strike 88600 has a total call value of 1,709,481,800,000 versus a total put value of 717,200,000 Combined total value = 1,710,199,000,000

Strike 88700 has a total call value of 1,792,495,800,000 versus a total put value of 666,400,000 Combined total value = 1,793,162,200,000

Strike 88800 has a total call value of 1,875,841,800,000 versus a total put value of 615,600,000 Combined total value = 1,876,457,400,000

Strike 88900 has a total call value of 1,959,469,400,000 versus a total put value of 564,800,000 Combined total value = 1,960,034,200,000

Strike 89000 has a total call value of 2,043,341,200,000 versus a total put value of 514,000,000 Combined total value = 2,043,855,200,000

Strike 89100 has a total call value of 2,132,910,800,000 versus a total put value of 476,400,000 Combined total value = 2,133,387,200,000

Strike 89200 has a total call value of 2,222,682,800,000 versus a total put value of 438,800,000 Combined total value = 2,223,121,600,000

Strike 89300 has a total call value of 2,312,606,400,000 versus a total put value of 401,200,000 Combined total value = 2,313,007,600,000

Strike 89400 has a total call value of 2,402,910,800,000 versus a total put value of 363,600,000 Combined total value = 2,403,274,400,000

Strike 89500 has a total call value of 2,493,710,200,000 versus a total put value of 326,000,000 Combined total value = 2,494,036,200,000

Strike 89600 has a total call value of 2,586,497,800,000 versus a total put value of 288,400,000 Combined total value = 2,586,786,200,000

Strike 89700 has a total call value of 2,679,348,800,000 versus a total put value of 250,800,000 Combined total value = 2,679,599,600,000

Strike 89800 has a total call value of 2,772,394,200,000 versus a total put value of 213,200,000 Combined total value = 2,772,607,400,000

Strike 89900 has a total call value of 2,865,449,600,000 versus a total put value of 175,600,000 Combined total value = 2,865,625,200,000

Strike 90000 has a total call value of 2,958,541,000,000 versus a total put value of 138,000,000 Combined total value = 2,958,679,000,000

Strike 90100 has a total call value of 3,055,467,000,000 versus a total put value of 124,200,000 Combined total value = 3,055,591,200,000

Strike 90200 has a total call value of 3,152,438,800,000 versus a total put value of 110,400,000 Combined total value = 3,152,549,200,000

Strike 90300 has a total call value of 3,249,447,400,000 versus a total put value of 96,600,000 Combined total value = 3,249,544,000,000

Strike 90400 has a total call value of 3,346,489,800,000 versus a total put value of 82,800,000 Combined total value = 3,346,572,600,000

Strike 90500 has a total call value of 3,443,587,400,000 versus a total put value of 69,000,000 Combined total value = 3,443,656,400,000

Strike 90600 has a total call value of 3,541,853,600,000 versus a total put value of 55,200,000 Combined total value = 3,541,908,800,000

Strike 90700 has a total call value of 3,640,190,400,000 versus a total put value of 41,400,000 Combined total value = 3,640,231,800,000

Strike 90800 has a total call value of 3,738,527,200,000 versus a total put value of 27,600,000 Combined total value = 3,738,554,800,000

Strike 90900 has a total call value of 3,836,908,800,000 versus a total put value of 13,800,000 Combined total value = 3,836,922,600,000

Strike 91000 has a total call value of 3,935,300,800,000 versus a total put value of 0 Combined total value = 3,935,300,800,000

Strike 91100 has a total call value of 4,035,475,400,000 versus a total put value of 0 Combined total value = 4,035,475,400,000

Strike 91200 has a total call value of 4,135,710,600,000 versus a total put value of 0 Combined total value = 4,135,710,600,000

Strike 91300 has a total call value of 4,235,946,200,000 versus a total put value of 0 Combined total value = 4,235,946,200,000

Strike 91400 has a total call value of 4,336,189,600,000 versus a total put value of 0 Combined total value = 4,336,189,600,000

Strike 91500 has a total call value of 4,436,433,200,000 versus a total put value of 0 Combined total value = 4,436,433,200,000

Strike 91600 has a total call value of 4,536,729,200,000 versus a total put value of 0 Combined total value = 4,536,729,200,000

Strike 91700 has a total call value of 4,637,032,600,000 versus a total put value of 0 Combined total value = 4,637,032,600,000

Strike 91800 has a total call value of 4,737,337,800,000 versus a total put value of 0 Combined total value = 4,737,337,800,000

Strike 91900 has a total call value of 4,837,645,400,000 versus a total put value of 0 Combined total value = 4,837,645,400,000

Strike 92000 has a total call value of 4,937,956,200,000 versus a total put value of 0 Combined total value = 4,937,956,200,000

Strike 92100 has a total call value of 5,038,588,000,000 versus a total put value of 0 Combined total value = 5,038,588,000,000

Strike 92200 has a total call value of 5,139,220,200,000 versus a total put value of 0 Combined total value = 5,139,220,200,000

Strike 92300 has a total call value of 5,239,852,400,000 versus a total put value of 0 Combined total value = 5,239,852,400,000

Strike 92400 has a total call value of 5,340,493,000,000 versus a total put value of 0 Combined total value = 5,340,493,000,000

Strike 92500 has a total call value of 5,441,133,600,000 versus a total put value of 0 Combined total value = 5,441,133,600,000

Strike 92600 has a total call value of 5,542,058,400,000 versus a total put value of 0 Combined total value = 5,542,058,400,000

Strike 92700 has a total call value of 5,642,988,400,000 versus a total put value of 0 Combined total value = 5,642,988,400,000

Strike 92800 has a total call value of 5,743,966,200,000 versus a total put value of 0 Combined total value = 5,743,966,200,000

Strike 92900 has a total call value of 5,844,955,800,000 versus a total put value of 0 Combined total value = 5,844,955,800,000

Strike 93000 has a total call value of 5,945,967,400,000 versus a total put value of 0 Combined total value = 5,945,967,400,000

Strike 93100 has a total call value of 6,047,233,200,000 versus a total put value of 0 Combined total value = 6,047,233,200,000

Strike 93200 has a total call value of 6,148,610,800,000 versus a total put value of 0 Combined total value = 6,148,610,800,000

Max-Pain Table for Stocks

Max-Pain Table Expiry

Note:- click on symbol to see more detailed view

Max Pain Table (Stocks)
Symbol	Symbol Ltp	Max Pain
360ONE	1150	1140
ABB	5159	5150
ABCAPITAL	359	350
ADANIENSOL	973.3	980
ADANIENT	2259	2300
ADANIGREEN	1015.6	1020
ADANIPORTS	1511.6	1500
ALKEM	5680	5700
AMBER	6525.5	6600
AMBUJACEM	533.85	550
ANGELONE	2635.2	2650
APLAPOLLO	1772.6	1760
APOLLOHOSP	7189	7350
ASHOKLEY	160.22	157
ASIANPAINT	2964.8	2920
ASTRAL	1459.7	1460
AUBANK	956.4	940
AUROPHARMA	1216.1	1220
AXISBANK	1280.3	1280
BAJAJ-AUTO	9094	9100
BAJAJFINSV	2100.6	2080
BAJFINANCE	1054.7	1030
BANDHANBNK	140.95	150
BANKBARODA	292.25	290
BANKINDIA	142.51	145
BDL	1515.8	1520
BEL	407.85	410
BHARATFORG	1402.2	1400
BHARTIARTL	2098.4	2100
BHEL	277.8	285
BIOCON	391.65	395
BLUESTARCO	1728.5	1760
BOSCHLTD	36860	36500
BPCL	360.7	362.5
BRITANNIA	5938	5850
BSE	2814	2800
CAMS	772.9	780
CANBK	148.58	150
CDSL	1546.5	1580
CGPOWER	660.05	680
CHOLAFIN	1721.3	1700
CIPLA	1524.8	1530
COALINDIA	380	380
COFORGE	1979.8	1860
COLPAL	2158.3	2180
CONCOR	512.05	520
CROMPTON	260.45	270
CUMMINSIND	4457	4500
CYIENT	1172.3	1160
DABUR	508.9	515
DALBHARAT	1991.7	2000
DELHIVERY	405.35	420
DIVISLAB	6461.5	6450
DIXON	13853	14500
DLF	718.6	730
DMART	3946.4	4000
DRREDDY	1274.4	1270
EICHERMOT	7170	7100
ETERNAL	293.5	305
EXIDEIND	378.45	380
FEDERALBNK	258.95	255
FORTIS	890	910
GAIL	170.08	175
GLENMARK	1974.6	1940
GMRAIRPORT	103.03	102
GODREJCP	1132.9	1140
GODREJPROP	2080.6	2100
GRASIM	2743.6	2760
HAL	4462.1	4500
HAVELLS	1427.5	1440
HCLTECH	1683.5	1640
HDFCAMC	2575.5	2650
HDFCBANK	1001.4	1000
HDFCLIFE	770	770
HEROMOTOCO	6337.5	6200
HFCL	68.95	70
HINDALCO	825.8	800
HINDPETRO	450.6	455
HINDUNILVR	2329	2360
HINDZINC	498.45	490
HUDCO	222.6	230
ICICIBANK	1388.1	1380
ICICIGI	1976.5	2000
ICICIPRULI	623.85	620
IDEA	10.79	10
IDFCFIRSTB	80.86	80
IEX	145.49	145
IIFL	568	570
INDHOTEL	730.45	740
INDIANB	809.25	830
INDIGO	5408	5500
INDUSINDBK	870.25	860
INDUSTOWER	414.6	410
INFY	1613.7	1600
INOXWIND	129.41	137.5
IOC	163.2	164
IRCTC	674.5	690
IREDA	133.3	140
IRFC	114.14	117
ITC	404.6	405
JINDALSTEL	1010	1030
JIOFIN	302.8	305
JSWENERGY	454.1	480
JSWSTEEL	1158.3	1150
JUBLFOOD	593.2	600
KALYANKJIL	490.2	490
KAYNES	4580	5000
KEI	4156.2	4150
KFINTECH	1071.2	1080
KOTAKBANK	2155	2120
KPITTECH	1268	1240
LAURUSLABS	1025.5	1000
LICHSGFIN	542.05	555
LICI	868.2	900
LODHA	1106.5	1140
LT	4031.9	4020
LTF	307.4	302.5
LTIM	6284.5	6200
LUPIN	2100.6	2080
M&M	3712.2	3700
MANAPPURAM	277.75	280
MANKIND	2203.4	2250
MARICO	733.2	730
MARUTI	16206	16100
MAXHEALTH	1096.9	1120
MAZDOCK	2618.8	2700
MCX	10310	10100
MFSL	1686.1	1700
MOTHERSON	117.23	115
MPHASIS	2945	2900
MUTHOOTFIN	3787.6	3700
NATIONALUM	274.05	265
NAUKRI	1388.8	1380
NBCC	111.98	115
NCC	168.32	172.5
NESTLEIND	1242.6	1260
NHPC	76.98	78
NMDC	76.18	76
NTPC	323.25	325
NUVAMA	7150	7200
NYKAA	254.4	260
OBEROIRLTY	1655	1660
OFSS	8207	8200
OIL	410.5	415
ONGC	241.83	244
PAGEIND	37495	38000
PATANJALI	543.15	550
PAYTM	1348.7	1320
PERSISTENT	6511	6400
PETRONET	275	280
PFC	352.8	365
PGEL	562.6	580
PHOENIXLTD	1732.8	1740
PIDILITIND	1475	1480
PIIND	3410.4	3450
PNB	121.15	122
PNBHOUSING	902	900
POLICYBZR	1878.2	1860
POLYCAB	7227.5	7400
POWERGRID	270	275
POWERINDIA	19350	20500
PPLPHARMA	179.77	185
PRESTIGE	1688.7	1680
RBLBANK	305.9	310
RECLTD	352.65	360
RELIANCE	1535.9	1540
RVNL	310.9	315
SAIL	132.9	135
SAMMAANCAP	148.65	170
SBICARD	882.6	880
SBILIFE	2024.8	2020
SBIN	963.65	970
SHREECEM	26255	26500
SHRIRAMFIN	853.9	840
SIEMENS	3308	3300
SOLARINDS	12819	13500
SONACOMS	493.75	500
SRF	2875.9	2900
SUNPHARMA	1806	1800
SUPREMEIND	3366.8	3450
SUZLON	51.25	54
SYNGENE	639.55	640
TATACONSUM	1161.3	1170
TATAELXSI	5246.5	5300
TATAMOTORS	0	320
TATAPOWER	384.5	390
TATASTEEL	167.33	170
TATATECH	667.25	680
TCS	3228.8	3200
TECHM	1574.8	1520
TIINDIA	2669.4	2800
TITAGARH	794.5	820
TITAN	3818.7	3860
TMPV	354.7	360
TORNTPHARM	3793.5	3750
TORNTPOWER	1285.2	1300
TRENT	4183.7	4300
TVSMOTOR	3653.6	3600
ULTRACEMCO	11597	11700
UNIONBANK	152.64	155
UNITDSPR	1454.7	1440
UNOMINDA	1273.6	1300
UPL	756.65	760
VBL	478.65	470
VEDL	528.55	520
VOLTAS	1325.2	1360
WIPRO	259.4	255
YESBANK	22.57	23
ZYDUSLIFE	933.65	940

Note:

Stock LTP > Max Pain	Bearish Trend
Stock LTP < Max Pain	Bullish Trend

Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

For each strike price: Calculate the difference between the current stock price and the strike price.
Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
Sum the values: Add together the dollar value for put options and call options at each strike price.
Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.

Related Pages for SENSEX

SENSEX

360ONE

ABB

ABCAPITAL

ADANIENSOL

ADANIENT

ADANIGREEN

ADANIPORTS

ALKEM

AMBER

AMBUJACEM

ANGELONE

APLAPOLLO

APOLLOHOSP

ASHOKLEY

ASIANPAINT

ASTRAL

AUBANK

AUROPHARMA

AXISBANK

BAJAJ-AUTO

BAJAJFINSV

BAJFINANCE

BANDHANBNK

BANKBARODA

BANKEX

BANKINDIA

BANKNIFTY

BDL

BEL

BHARATFORG

BHARTIARTL

BHEL

BIOCON

BLUESTARCO

BOSCHLTD

BPCL

BRITANNIA

BSE

CAMS

CANBK

CDSL

CGPOWER

CHOLAFIN

CIPLA

COALINDIA

COFORGE

COLPAL

CONCOR

COPPER

CROMPTON

CRUDEOIL

CRUDEOILM

CUMMINSIND

CYIENT

DABUR

DALBHARAT

DELHIVERY

DIVISLAB

DIXON

DLF

DMART

DRREDDY

EICHERMOT

ETERNAL

EURINR

EURUSD

EXIDEIND

FEDERALBNK

FINNIFTY

FORTIS

GAIL

GBPINR

GBPUSD

GLENMARK

GMRAIRPORT

GODREJCP

GODREJPROP

GOLD