How is Max Pain Calculated?

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. For each strike price: Calculate the difference between the current stock price and the strike price. 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.

How Can Traders Use Max Pain in Their Strategy?

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.

What Does Max Pain Indicate About Stock Price Movement?

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.

How Often Does Max Pain Change?

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.

What's the Difference Between Max Pain and Spot Price?

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.

Is Max Pain Always Accurate for Predicting Stock Price?

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.

When is Max Pain Most Relevant for Options Trading?

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.

SILVERM

Q: What is Max Pain in Options Trading?

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.

Silver Mini

197829 -642.00 (-0.32%)

L: 195061 H: 197926

Max Pain - SILVERM

16 Dec 2025 02:23 PM IST

Live

Expiry

Max Pain for SILVERM is 190000

Historical data for SILVERM-190000-CE

LTP (190000 CE)

10459 -555

Open Interest

1501 -41

Historical data for SILVERM-190000-PE

LTP (190000 PE)

2700 126

Open Interest

3155 -233

Strike 120000 has a total call value of 0 versus a total put value of 1,152,229,000,000 Combined total value = 1,152,229,000,000

Strike 120250 has a total call value of 0 versus a total put value of 1,146,823,875,000 Combined total value = 1,146,823,875,000

Strike 120500 has a total call value of 0 versus a total put value of 1,141,418,750,000 Combined total value = 1,141,418,750,000

Strike 120750 has a total call value of 0 versus a total put value of 1,136,013,625,000 Combined total value = 1,136,013,625,000

Strike 121000 has a total call value of 0 versus a total put value of 1,130,608,500,000 Combined total value = 1,130,608,500,000

Strike 121250 has a total call value of 0 versus a total put value of 1,125,203,375,000 Combined total value = 1,125,203,375,000

Strike 121500 has a total call value of 0 versus a total put value of 1,119,798,250,000 Combined total value = 1,119,798,250,000

Strike 121750 has a total call value of 0 versus a total put value of 1,114,393,125,000 Combined total value = 1,114,393,125,000

Strike 122000 has a total call value of 0 versus a total put value of 1,108,988,000,000 Combined total value = 1,108,988,000,000

Strike 122250 has a total call value of 0 versus a total put value of 1,103,582,875,000 Combined total value = 1,103,582,875,000

Strike 122500 has a total call value of 0 versus a total put value of 1,098,177,750,000 Combined total value = 1,098,177,750,000

Strike 122750 has a total call value of 0 versus a total put value of 1,092,772,625,000 Combined total value = 1,092,772,625,000

Strike 123000 has a total call value of 0 versus a total put value of 1,087,367,500,000 Combined total value = 1,087,367,500,000

Strike 123250 has a total call value of 0 versus a total put value of 1,081,962,375,000 Combined total value = 1,081,962,375,000

Strike 123500 has a total call value of 0 versus a total put value of 1,076,557,250,000 Combined total value = 1,076,557,250,000

Strike 123750 has a total call value of 0 versus a total put value of 1,071,152,125,000 Combined total value = 1,071,152,125,000

Strike 124000 has a total call value of 0 versus a total put value of 1,065,747,000,000 Combined total value = 1,065,747,000,000

Strike 124250 has a total call value of 0 versus a total put value of 1,060,341,875,000 Combined total value = 1,060,341,875,000

Strike 124500 has a total call value of 0 versus a total put value of 1,054,936,750,000 Combined total value = 1,054,936,750,000

Strike 124750 has a total call value of 0 versus a total put value of 1,049,531,625,000 Combined total value = 1,049,531,625,000

Strike 125000 has a total call value of 0 versus a total put value of 1,044,126,500,000 Combined total value = 1,044,126,500,000

Strike 125250 has a total call value of 0 versus a total put value of 1,038,721,375,000 Combined total value = 1,038,721,375,000

Strike 125500 has a total call value of 0 versus a total put value of 1,033,316,250,000 Combined total value = 1,033,316,250,000

Strike 125750 has a total call value of 0 versus a total put value of 1,027,911,125,000 Combined total value = 1,027,911,125,000

Strike 126000 has a total call value of 0 versus a total put value of 1,022,506,000,000 Combined total value = 1,022,506,000,000

Strike 126250 has a total call value of 0 versus a total put value of 1,017,100,875,000 Combined total value = 1,017,100,875,000

Strike 126500 has a total call value of 0 versus a total put value of 1,011,695,750,000 Combined total value = 1,011,695,750,000

Strike 126750 has a total call value of 0 versus a total put value of 1,006,290,625,000 Combined total value = 1,006,290,625,000

Strike 127000 has a total call value of 0 versus a total put value of 1,000,885,500,000 Combined total value = 1,000,885,500,000

Strike 127250 has a total call value of 0 versus a total put value of 995,480,375,000 Combined total value = 995,480,375,000

Strike 127500 has a total call value of 0 versus a total put value of 990,075,250,000 Combined total value = 990,075,250,000

Strike 127750 has a total call value of 0 versus a total put value of 984,670,125,000 Combined total value = 984,670,125,000

Strike 128000 has a total call value of 0 versus a total put value of 979,265,000,000 Combined total value = 979,265,000,000

Strike 128250 has a total call value of 0 versus a total put value of 973,859,875,000 Combined total value = 973,859,875,000

Strike 128500 has a total call value of 0 versus a total put value of 968,454,750,000 Combined total value = 968,454,750,000

Strike 128750 has a total call value of 0 versus a total put value of 963,049,625,000 Combined total value = 963,049,625,000

Strike 129000 has a total call value of 0 versus a total put value of 957,644,500,000 Combined total value = 957,644,500,000

Strike 129250 has a total call value of 0 versus a total put value of 952,239,375,000 Combined total value = 952,239,375,000

Strike 129500 has a total call value of 0 versus a total put value of 946,834,250,000 Combined total value = 946,834,250,000

Strike 129750 has a total call value of 0 versus a total put value of 941,429,125,000 Combined total value = 941,429,125,000

Strike 130000 has a total call value of 0 versus a total put value of 936,024,000,000 Combined total value = 936,024,000,000

Strike 130250 has a total call value of 0 versus a total put value of 930,657,750,000 Combined total value = 930,657,750,000

Strike 130500 has a total call value of 0 versus a total put value of 925,291,500,000 Combined total value = 925,291,500,000

Strike 130750 has a total call value of 0 versus a total put value of 919,925,250,000 Combined total value = 919,925,250,000

Strike 131000 has a total call value of 0 versus a total put value of 914,559,000,000 Combined total value = 914,559,000,000

Strike 131250 has a total call value of 0 versus a total put value of 909,192,750,000 Combined total value = 909,192,750,000

Strike 131500 has a total call value of 0 versus a total put value of 903,826,500,000 Combined total value = 903,826,500,000

Strike 131750 has a total call value of 0 versus a total put value of 898,460,250,000 Combined total value = 898,460,250,000

Strike 132000 has a total call value of 0 versus a total put value of 893,094,000,000 Combined total value = 893,094,000,000

Strike 132250 has a total call value of 0 versus a total put value of 887,727,750,000 Combined total value = 887,727,750,000

Strike 132500 has a total call value of 0 versus a total put value of 882,361,500,000 Combined total value = 882,361,500,000

Strike 132750 has a total call value of 0 versus a total put value of 876,995,250,000 Combined total value = 876,995,250,000

Strike 133000 has a total call value of 0 versus a total put value of 871,629,000,000 Combined total value = 871,629,000,000

Strike 133250 has a total call value of 0 versus a total put value of 866,262,750,000 Combined total value = 866,262,750,000

Strike 133500 has a total call value of 0 versus a total put value of 860,896,500,000 Combined total value = 860,896,500,000

Strike 133750 has a total call value of 0 versus a total put value of 855,530,250,000 Combined total value = 855,530,250,000

Strike 134000 has a total call value of 0 versus a total put value of 850,164,000,000 Combined total value = 850,164,000,000

Strike 134250 has a total call value of 0 versus a total put value of 844,797,750,000 Combined total value = 844,797,750,000

Strike 134500 has a total call value of 0 versus a total put value of 839,431,500,000 Combined total value = 839,431,500,000

Strike 134750 has a total call value of 0 versus a total put value of 834,065,250,000 Combined total value = 834,065,250,000

Strike 135000 has a total call value of 0 versus a total put value of 828,699,000,000 Combined total value = 828,699,000,000

Strike 135250 has a total call value of 0 versus a total put value of 823,332,750,000 Combined total value = 823,332,750,000

Strike 135500 has a total call value of 0 versus a total put value of 817,966,500,000 Combined total value = 817,966,500,000

Strike 135750 has a total call value of 0 versus a total put value of 812,600,250,000 Combined total value = 812,600,250,000

Strike 136000 has a total call value of 0 versus a total put value of 807,234,000,000 Combined total value = 807,234,000,000

Strike 136250 has a total call value of 0 versus a total put value of 801,867,750,000 Combined total value = 801,867,750,000

Strike 136500 has a total call value of 0 versus a total put value of 796,501,500,000 Combined total value = 796,501,500,000

Strike 136750 has a total call value of 0 versus a total put value of 791,135,250,000 Combined total value = 791,135,250,000

Strike 137000 has a total call value of 0 versus a total put value of 785,769,000,000 Combined total value = 785,769,000,000

Strike 137250 has a total call value of 0 versus a total put value of 780,402,750,000 Combined total value = 780,402,750,000

Strike 137500 has a total call value of 0 versus a total put value of 775,036,500,000 Combined total value = 775,036,500,000

Strike 137750 has a total call value of 0 versus a total put value of 769,670,250,000 Combined total value = 769,670,250,000

Strike 138000 has a total call value of 0 versus a total put value of 764,304,000,000 Combined total value = 764,304,000,000

Strike 138250 has a total call value of 0 versus a total put value of 758,937,750,000 Combined total value = 758,937,750,000

Strike 138500 has a total call value of 0 versus a total put value of 753,571,500,000 Combined total value = 753,571,500,000

Strike 138750 has a total call value of 0 versus a total put value of 748,205,250,000 Combined total value = 748,205,250,000

Strike 139000 has a total call value of 0 versus a total put value of 742,839,000,000 Combined total value = 742,839,000,000

Strike 139250 has a total call value of 0 versus a total put value of 737,472,750,000 Combined total value = 737,472,750,000

Strike 139500 has a total call value of 0 versus a total put value of 732,106,500,000 Combined total value = 732,106,500,000

Strike 139750 has a total call value of 0 versus a total put value of 726,740,250,000 Combined total value = 726,740,250,000

Strike 140000 has a total call value of 0 versus a total put value of 721,374,000,000 Combined total value = 721,374,000,000

Strike 140250 has a total call value of 0 versus a total put value of 716,099,375,000 Combined total value = 716,099,375,000

Strike 140500 has a total call value of 0 versus a total put value of 710,824,750,000 Combined total value = 710,824,750,000

Strike 140750 has a total call value of 0 versus a total put value of 705,550,125,000 Combined total value = 705,550,125,000

Strike 141000 has a total call value of 0 versus a total put value of 700,275,500,000 Combined total value = 700,275,500,000

Strike 141250 has a total call value of 0 versus a total put value of 695,000,875,000 Combined total value = 695,000,875,000

Strike 141500 has a total call value of 0 versus a total put value of 689,726,250,000 Combined total value = 689,726,250,000

Strike 141750 has a total call value of 0 versus a total put value of 684,451,625,000 Combined total value = 684,451,625,000

Strike 142000 has a total call value of 0 versus a total put value of 679,177,000,000 Combined total value = 679,177,000,000

Strike 142250 has a total call value of 0 versus a total put value of 673,902,375,000 Combined total value = 673,902,375,000

Strike 142500 has a total call value of 0 versus a total put value of 668,627,750,000 Combined total value = 668,627,750,000

Strike 142750 has a total call value of 0 versus a total put value of 663,353,125,000 Combined total value = 663,353,125,000

Strike 143000 has a total call value of 0 versus a total put value of 658,078,500,000 Combined total value = 658,078,500,000

Strike 143250 has a total call value of 0 versus a total put value of 652,803,875,000 Combined total value = 652,803,875,000

Strike 143500 has a total call value of 0 versus a total put value of 647,529,250,000 Combined total value = 647,529,250,000

Strike 143750 has a total call value of 0 versus a total put value of 642,254,625,000 Combined total value = 642,254,625,000

Strike 144000 has a total call value of 0 versus a total put value of 636,980,000,000 Combined total value = 636,980,000,000

Strike 144250 has a total call value of 0 versus a total put value of 631,705,375,000 Combined total value = 631,705,375,000

Strike 144500 has a total call value of 0 versus a total put value of 626,430,750,000 Combined total value = 626,430,750,000

Strike 144750 has a total call value of 0 versus a total put value of 621,156,125,000 Combined total value = 621,156,125,000

Strike 145000 has a total call value of 0 versus a total put value of 615,881,500,000 Combined total value = 615,881,500,000

Strike 145250 has a total call value of 0 versus a total put value of 610,698,125,000 Combined total value = 610,698,125,000

Strike 145500 has a total call value of 0 versus a total put value of 605,514,750,000 Combined total value = 605,514,750,000

Strike 145750 has a total call value of 0 versus a total put value of 600,331,375,000 Combined total value = 600,331,375,000

Strike 146000 has a total call value of 0 versus a total put value of 595,148,000,000 Combined total value = 595,148,000,000

Strike 146250 has a total call value of 0 versus a total put value of 589,964,625,000 Combined total value = 589,964,625,000

Strike 146500 has a total call value of 0 versus a total put value of 584,781,250,000 Combined total value = 584,781,250,000

Strike 146750 has a total call value of 0 versus a total put value of 579,597,875,000 Combined total value = 579,597,875,000

Strike 147000 has a total call value of 0 versus a total put value of 574,414,500,000 Combined total value = 574,414,500,000

Strike 147250 has a total call value of 0 versus a total put value of 569,231,125,000 Combined total value = 569,231,125,000

Strike 147500 has a total call value of 0 versus a total put value of 564,047,750,000 Combined total value = 564,047,750,000

Strike 147750 has a total call value of 0 versus a total put value of 558,864,375,000 Combined total value = 558,864,375,000

Strike 148000 has a total call value of 0 versus a total put value of 553,681,000,000 Combined total value = 553,681,000,000

Strike 148250 has a total call value of 0 versus a total put value of 548,497,625,000 Combined total value = 548,497,625,000

Strike 148500 has a total call value of 0 versus a total put value of 543,314,250,000 Combined total value = 543,314,250,000

Strike 148750 has a total call value of 0 versus a total put value of 538,130,875,000 Combined total value = 538,130,875,000

Strike 149000 has a total call value of 0 versus a total put value of 532,947,500,000 Combined total value = 532,947,500,000

Strike 149250 has a total call value of 0 versus a total put value of 527,764,125,000 Combined total value = 527,764,125,000

Strike 149500 has a total call value of 0 versus a total put value of 522,580,750,000 Combined total value = 522,580,750,000

Strike 149750 has a total call value of 0 versus a total put value of 517,397,375,000 Combined total value = 517,397,375,000

Strike 150000 has a total call value of 0 versus a total put value of 512,214,000,000 Combined total value = 512,214,000,000

Strike 150250 has a total call value of 26,500,000 versus a total put value of 507,328,250,000 Combined total value = 507,354,750,000

Strike 150500 has a total call value of 53,000,000 versus a total put value of 502,442,500,000 Combined total value = 502,495,500,000

Strike 150750 has a total call value of 79,500,000 versus a total put value of 497,556,750,000 Combined total value = 497,636,250,000

Strike 151000 has a total call value of 106,000,000 versus a total put value of 492,671,000,000 Combined total value = 492,777,000,000

Strike 151250 has a total call value of 132,500,000 versus a total put value of 487,785,250,000 Combined total value = 487,917,750,000

Strike 151500 has a total call value of 159,000,000 versus a total put value of 482,899,500,000 Combined total value = 483,058,500,000

Strike 151750 has a total call value of 185,500,000 versus a total put value of 478,013,750,000 Combined total value = 478,199,250,000

Strike 152000 has a total call value of 212,000,000 versus a total put value of 473,128,000,000 Combined total value = 473,340,000,000

Strike 152250 has a total call value of 238,500,000 versus a total put value of 468,242,250,000 Combined total value = 468,480,750,000

Strike 152500 has a total call value of 265,000,000 versus a total put value of 463,356,500,000 Combined total value = 463,621,500,000

Strike 152750 has a total call value of 291,500,000 versus a total put value of 458,470,750,000 Combined total value = 458,762,250,000

Strike 153000 has a total call value of 318,000,000 versus a total put value of 453,585,000,000 Combined total value = 453,903,000,000

Strike 153250 has a total call value of 344,500,000 versus a total put value of 448,699,250,000 Combined total value = 449,043,750,000

Strike 153500 has a total call value of 371,000,000 versus a total put value of 443,813,500,000 Combined total value = 444,184,500,000

Strike 153750 has a total call value of 397,500,000 versus a total put value of 438,927,750,000 Combined total value = 439,325,250,000

Strike 154000 has a total call value of 424,000,000 versus a total put value of 434,042,000,000 Combined total value = 434,466,000,000

Strike 154250 has a total call value of 450,500,000 versus a total put value of 429,156,250,000 Combined total value = 429,606,750,000

Strike 154500 has a total call value of 477,000,000 versus a total put value of 424,270,500,000 Combined total value = 424,747,500,000

Strike 154750 has a total call value of 503,500,000 versus a total put value of 419,384,750,000 Combined total value = 419,888,250,000

Strike 155000 has a total call value of 530,000,000 versus a total put value of 414,499,000,000 Combined total value = 415,029,000,000

Strike 155250 has a total call value of 801,875,000 versus a total put value of 409,930,375,000 Combined total value = 410,732,250,000

Strike 155500 has a total call value of 1,073,750,000 versus a total put value of 405,361,750,000 Combined total value = 406,435,500,000

Strike 155750 has a total call value of 1,345,625,000 versus a total put value of 400,793,125,000 Combined total value = 402,138,750,000

Strike 156000 has a total call value of 1,617,500,000 versus a total put value of 396,224,500,000 Combined total value = 397,842,000,000

Strike 156250 has a total call value of 1,889,375,000 versus a total put value of 391,703,500,000 Combined total value = 393,592,875,000

Strike 156500 has a total call value of 2,161,250,000 versus a total put value of 387,182,500,000 Combined total value = 389,343,750,000

Strike 156750 has a total call value of 2,433,125,000 versus a total put value of 382,662,375,000 Combined total value = 385,095,500,000

Strike 157000 has a total call value of 2,705,000,000 versus a total put value of 378,142,250,000 Combined total value = 380,847,250,000

Strike 157250 has a total call value of 2,976,875,000 versus a total put value of 373,675,500,000 Combined total value = 376,652,375,000

Strike 157500 has a total call value of 3,248,750,000 versus a total put value of 369,208,750,000 Combined total value = 372,457,500,000

Strike 157750 has a total call value of 3,520,625,000 versus a total put value of 364,742,000,000 Combined total value = 368,262,625,000

Strike 158000 has a total call value of 3,792,500,000 versus a total put value of 360,275,250,000 Combined total value = 364,067,750,000

Strike 158250 has a total call value of 4,075,500,000 versus a total put value of 355,854,875,000 Combined total value = 359,930,375,000

Strike 158500 has a total call value of 4,358,500,000 versus a total put value of 351,434,500,000 Combined total value = 355,793,000,000

Strike 158750 has a total call value of 4,641,500,000 versus a total put value of 347,014,125,000 Combined total value = 351,655,625,000

Strike 159000 has a total call value of 4,924,500,000 versus a total put value of 342,593,750,000 Combined total value = 347,518,250,000

Strike 159250 has a total call value of 5,207,500,000 versus a total put value of 338,173,375,000 Combined total value = 343,380,875,000

Strike 159500 has a total call value of 5,490,500,000 versus a total put value of 333,753,000,000 Combined total value = 339,243,500,000

Strike 159750 has a total call value of 5,773,500,000 versus a total put value of 329,332,625,000 Combined total value = 335,106,125,000

Strike 160000 has a total call value of 6,056,500,000 versus a total put value of 324,912,250,000 Combined total value = 330,968,750,000

Strike 160250 has a total call value of 6,339,500,000 versus a total put value of 320,959,750,000 Combined total value = 327,299,250,000

Strike 160500 has a total call value of 6,622,500,000 versus a total put value of 317,007,250,000 Combined total value = 323,629,750,000

Strike 160750 has a total call value of 6,905,500,000 versus a total put value of 313,054,750,000 Combined total value = 319,960,250,000

Strike 161000 has a total call value of 7,188,500,000 versus a total put value of 309,102,250,000 Combined total value = 316,290,750,000

Strike 161250 has a total call value of 7,471,500,000 versus a total put value of 305,149,750,000 Combined total value = 312,621,250,000

Strike 161500 has a total call value of 7,754,500,000 versus a total put value of 301,197,250,000 Combined total value = 308,951,750,000

Strike 161750 has a total call value of 8,037,500,000 versus a total put value of 297,244,750,000 Combined total value = 305,282,250,000

Strike 162000 has a total call value of 8,320,500,000 versus a total put value of 293,292,250,000 Combined total value = 301,612,750,000

Strike 162250 has a total call value of 8,618,375,000 versus a total put value of 289,408,250,000 Combined total value = 298,026,625,000

Strike 162500 has a total call value of 8,916,250,000 versus a total put value of 285,524,250,000 Combined total value = 294,440,500,000

Strike 162750 has a total call value of 9,214,125,000 versus a total put value of 281,640,250,000 Combined total value = 290,854,375,000

Strike 163000 has a total call value of 9,512,000,000 versus a total put value of 277,756,250,000 Combined total value = 287,268,250,000

Strike 163250 has a total call value of 9,809,875,000 versus a total put value of 273,872,250,000 Combined total value = 283,682,125,000

Strike 163500 has a total call value of 10,107,750,000 versus a total put value of 269,988,250,000 Combined total value = 280,096,000,000

Strike 163750 has a total call value of 10,405,625,000 versus a total put value of 266,104,250,000 Combined total value = 276,509,875,000

Strike 164000 has a total call value of 10,703,500,000 versus a total put value of 262,220,250,000 Combined total value = 272,923,750,000

Strike 164250 has a total call value of 11,001,375,000 versus a total put value of 258,377,750,000 Combined total value = 269,379,125,000

Strike 164500 has a total call value of 11,299,250,000 versus a total put value of 254,535,250,000 Combined total value = 265,834,500,000

Strike 164750 has a total call value of 11,597,125,000 versus a total put value of 250,692,750,000 Combined total value = 262,289,875,000

Strike 165000 has a total call value of 11,895,000,000 versus a total put value of 246,850,250,000 Combined total value = 258,745,250,000

Strike 165250 has a total call value of 12,267,250,000 versus a total put value of 243,444,000,000 Combined total value = 255,711,250,000

Strike 165500 has a total call value of 12,639,500,000 versus a total put value of 240,037,750,000 Combined total value = 252,677,250,000

Strike 165750 has a total call value of 13,011,750,000 versus a total put value of 236,631,500,000 Combined total value = 249,643,250,000

Strike 166000 has a total call value of 13,384,000,000 versus a total put value of 233,225,250,000 Combined total value = 246,609,250,000

Strike 166250 has a total call value of 13,772,625,000 versus a total put value of 229,858,250,000 Combined total value = 243,630,875,000

Strike 166500 has a total call value of 14,161,250,000 versus a total put value of 226,491,250,000 Combined total value = 240,652,500,000

Strike 166750 has a total call value of 14,549,875,000 versus a total put value of 223,124,250,000 Combined total value = 237,674,125,000

Strike 167000 has a total call value of 14,938,500,000 versus a total put value of 219,757,250,000 Combined total value = 234,695,750,000

Strike 167250 has a total call value of 15,327,125,000 versus a total put value of 216,435,250,000 Combined total value = 231,762,375,000

Strike 167500 has a total call value of 15,715,750,000 versus a total put value of 213,113,250,000 Combined total value = 228,829,000,000

Strike 167750 has a total call value of 16,104,375,000 versus a total put value of 209,791,250,000 Combined total value = 225,895,625,000

Strike 168000 has a total call value of 16,493,000,000 versus a total put value of 206,469,250,000 Combined total value = 222,962,250,000

Strike 168250 has a total call value of 16,881,625,000 versus a total put value of 203,222,875,000 Combined total value = 220,104,500,000

Strike 168500 has a total call value of 17,270,250,000 versus a total put value of 199,976,500,000 Combined total value = 217,246,750,000

Strike 168750 has a total call value of 17,658,875,000 versus a total put value of 196,730,125,000 Combined total value = 214,389,000,000

Strike 169000 has a total call value of 18,047,500,000 versus a total put value of 193,483,750,000 Combined total value = 211,531,250,000

Strike 169250 has a total call value of 18,436,125,000 versus a total put value of 190,260,375,000 Combined total value = 208,696,500,000

Strike 169500 has a total call value of 18,824,750,000 versus a total put value of 187,037,000,000 Combined total value = 205,861,750,000

Strike 169750 has a total call value of 19,213,375,000 versus a total put value of 183,813,625,000 Combined total value = 203,027,000,000

Strike 170000 has a total call value of 19,602,000,000 versus a total put value of 180,590,250,000 Combined total value = 200,192,250,000

Strike 170250 has a total call value of 20,077,875,000 versus a total put value of 177,779,125,000 Combined total value = 197,857,000,000

Strike 170500 has a total call value of 20,553,750,000 versus a total put value of 174,968,000,000 Combined total value = 195,521,750,000

Strike 170750 has a total call value of 21,029,625,000 versus a total put value of 172,156,875,000 Combined total value = 193,186,500,000

Strike 171000 has a total call value of 21,505,500,000 versus a total put value of 169,345,750,000 Combined total value = 190,851,250,000

Strike 171250 has a total call value of 21,981,375,000 versus a total put value of 166,556,500,000 Combined total value = 188,537,875,000

Strike 171500 has a total call value of 22,457,250,000 versus a total put value of 163,767,250,000 Combined total value = 186,224,500,000

Strike 171750 has a total call value of 22,933,125,000 versus a total put value of 160,978,000,000 Combined total value = 183,911,125,000

Strike 172000 has a total call value of 23,409,000,000 versus a total put value of 158,188,750,000 Combined total value = 181,597,750,000

Strike 172250 has a total call value of 23,884,875,000 versus a total put value of 155,425,625,000 Combined total value = 179,310,500,000

Strike 172500 has a total call value of 24,360,750,000 versus a total put value of 152,662,500,000 Combined total value = 177,023,250,000

Strike 172750 has a total call value of 24,836,625,000 versus a total put value of 149,899,375,000 Combined total value = 174,736,000,000

Strike 173000 has a total call value of 25,312,500,000 versus a total put value of 147,136,250,000 Combined total value = 172,448,750,000

Strike 173250 has a total call value of 25,788,375,000 versus a total put value of 144,401,500,000 Combined total value = 170,189,875,000

Strike 173500 has a total call value of 26,264,250,000 versus a total put value of 141,666,750,000 Combined total value = 167,931,000,000

Strike 173750 has a total call value of 26,740,125,000 versus a total put value of 138,932,000,000 Combined total value = 165,672,125,000

Strike 174000 has a total call value of 27,216,000,000 versus a total put value of 136,197,250,000 Combined total value = 163,413,250,000

Strike 174250 has a total call value of 27,691,875,000 versus a total put value of 133,495,750,000 Combined total value = 161,187,625,000

Strike 174500 has a total call value of 28,167,750,000 versus a total put value of 130,794,250,000 Combined total value = 158,962,000,000

Strike 174750 has a total call value of 28,643,625,000 versus a total put value of 128,092,750,000 Combined total value = 156,736,375,000

Strike 175000 has a total call value of 29,119,500,000 versus a total put value of 125,391,250,000 Combined total value = 154,510,750,000

Strike 175250 has a total call value of 29,708,250,000 versus a total put value of 122,986,250,000 Combined total value = 152,694,500,000

Strike 175500 has a total call value of 30,297,000,000 versus a total put value of 120,581,250,000 Combined total value = 150,878,250,000

Strike 175750 has a total call value of 30,885,750,000 versus a total put value of 118,176,250,000 Combined total value = 149,062,000,000

Strike 176000 has a total call value of 31,474,500,000 versus a total put value of 115,771,250,000 Combined total value = 147,245,750,000

Strike 176250 has a total call value of 32,063,250,000 versus a total put value of 113,394,875,000 Combined total value = 145,458,125,000

Strike 176500 has a total call value of 32,652,000,000 versus a total put value of 111,018,500,000 Combined total value = 143,670,500,000

Strike 176750 has a total call value of 33,240,750,000 versus a total put value of 108,642,125,000 Combined total value = 141,882,875,000

Strike 177000 has a total call value of 33,829,500,000 versus a total put value of 106,265,750,000 Combined total value = 140,095,250,000

Strike 177250 has a total call value of 34,418,250,000 versus a total put value of 103,929,125,000 Combined total value = 138,347,375,000

Strike 177500 has a total call value of 35,007,000,000 versus a total put value of 101,592,500,000 Combined total value = 136,599,500,000

Strike 177750 has a total call value of 35,595,750,000 versus a total put value of 99,255,875,000 Combined total value = 134,851,625,000

Strike 178000 has a total call value of 36,184,500,000 versus a total put value of 96,919,250,000 Combined total value = 133,103,750,000

Strike 178250 has a total call value of 36,793,125,000 versus a total put value of 94,639,000,000 Combined total value = 131,432,125,000

Strike 178500 has a total call value of 37,401,750,000 versus a total put value of 92,358,750,000 Combined total value = 129,760,500,000

Strike 178750 has a total call value of 38,010,375,000 versus a total put value of 90,078,500,000 Combined total value = 128,088,875,000

Strike 179000 has a total call value of 38,619,000,000 versus a total put value of 87,798,250,000 Combined total value = 126,417,250,000

Strike 179250 has a total call value of 39,313,500,000 versus a total put value of 85,570,375,000 Combined total value = 124,883,875,000

Strike 179500 has a total call value of 40,008,000,000 versus a total put value of 83,342,500,000 Combined total value = 123,350,500,000

Strike 179750 has a total call value of 40,738,750,000 versus a total put value of 81,114,625,000 Combined total value = 121,853,375,000

Strike 180000 has a total call value of 41,469,500,000 versus a total put value of 78,886,750,000 Combined total value = 120,356,250,000

Strike 180250 has a total call value of 42,266,125,000 versus a total put value of 77,071,750,000 Combined total value = 119,337,875,000

Strike 180500 has a total call value of 43,062,750,000 versus a total put value of 75,256,750,000 Combined total value = 118,319,500,000

Strike 180750 has a total call value of 43,859,375,000 versus a total put value of 73,441,750,000 Combined total value = 117,301,125,000

Strike 181000 has a total call value of 44,656,000,000 versus a total put value of 71,626,750,000 Combined total value = 116,282,750,000

Strike 181250 has a total call value of 45,452,625,000 versus a total put value of 69,850,375,000 Combined total value = 115,303,000,000

Strike 181500 has a total call value of 46,249,250,000 versus a total put value of 68,074,000,000 Combined total value = 114,323,250,000

Strike 181750 has a total call value of 47,045,875,000 versus a total put value of 66,297,625,000 Combined total value = 113,343,500,000

Strike 182000 has a total call value of 47,842,500,000 versus a total put value of 64,521,250,000 Combined total value = 112,363,750,000

Strike 182250 has a total call value of 48,652,625,000 versus a total put value of 62,799,750,000 Combined total value = 111,452,375,000

Strike 182500 has a total call value of 49,462,750,000 versus a total put value of 61,078,250,000 Combined total value = 110,541,000,000

Strike 182750 has a total call value of 50,272,875,000 versus a total put value of 59,356,750,000 Combined total value = 109,629,625,000

Strike 183000 has a total call value of 51,083,000,000 versus a total put value of 57,635,250,000 Combined total value = 108,718,250,000

Strike 183250 has a total call value of 51,893,125,000 versus a total put value of 55,970,000,000 Combined total value = 107,863,125,000

Strike 183500 has a total call value of 52,703,250,000 versus a total put value of 54,304,750,000 Combined total value = 107,008,000,000

Strike 183750 has a total call value of 53,513,375,000 versus a total put value of 52,639,500,000 Combined total value = 106,152,875,000

Strike 184000 has a total call value of 54,323,500,000 versus a total put value of 50,974,250,000 Combined total value = 105,297,750,000

Strike 184250 has a total call value of 55,149,750,000 versus a total put value of 49,352,375,000 Combined total value = 104,502,125,000

Strike 184500 has a total call value of 55,976,000,000 versus a total put value of 47,730,500,000 Combined total value = 103,706,500,000

Strike 184750 has a total call value of 56,802,250,000 versus a total put value of 46,108,625,000 Combined total value = 102,910,875,000

Strike 185000 has a total call value of 57,628,500,000 versus a total put value of 44,486,750,000 Combined total value = 102,115,250,000

Strike 185250 has a total call value of 58,558,000,000 versus a total put value of 43,098,500,000 Combined total value = 101,656,500,000

Strike 185500 has a total call value of 59,487,500,000 versus a total put value of 41,710,250,000 Combined total value = 101,197,750,000

Strike 185750 has a total call value of 60,417,000,000 versus a total put value of 40,322,000,000 Combined total value = 100,739,000,000

Strike 186000 has a total call value of 61,346,500,000 versus a total put value of 38,933,750,000 Combined total value = 100,280,250,000

Strike 186250 has a total call value of 62,287,875,000 versus a total put value of 37,588,500,000 Combined total value = 99,876,375,000

Strike 186500 has a total call value of 63,229,250,000 versus a total put value of 36,243,250,000 Combined total value = 99,472,500,000

Strike 186750 has a total call value of 64,170,625,000 versus a total put value of 34,898,000,000 Combined total value = 99,068,625,000

Strike 187000 has a total call value of 65,112,000,000 versus a total put value of 33,552,750,000 Combined total value = 98,664,750,000

Strike 187250 has a total call value of 66,066,000,000 versus a total put value of 32,238,875,000 Combined total value = 98,304,875,000

Strike 187500 has a total call value of 67,020,000,000 versus a total put value of 30,925,375,000 Combined total value = 97,945,375,000

Strike 187750 has a total call value of 67,974,000,000 versus a total put value of 29,611,875,000 Combined total value = 97,585,875,000

Strike 188000 has a total call value of 68,928,500,000 versus a total put value of 28,298,500,000 Combined total value = 97,227,000,000

Strike 188250 has a total call value of 69,894,500,000 versus a total put value of 27,041,750,000 Combined total value = 96,936,250,000

Strike 188500 has a total call value of 70,860,500,000 versus a total put value of 25,785,000,000 Combined total value = 96,645,500,000

Strike 188750 has a total call value of 71,826,500,000 versus a total put value of 24,528,250,000 Combined total value = 96,354,750,000

Strike 189000 has a total call value of 72,792,500,000 versus a total put value of 23,271,500,000 Combined total value = 96,064,000,000

Strike 189250 has a total call value of 73,770,625,000 versus a total put value of 22,045,250,000 Combined total value = 95,815,875,000

Strike 189500 has a total call value of 74,748,750,000 versus a total put value of 20,819,000,000 Combined total value = 95,567,750,000

Strike 189750 has a total call value of 75,726,875,000 versus a total put value of 19,592,750,000 Combined total value = 95,319,625,000

Strike 190000 has a total call value of 76,705,000,000 versus a total put value of 18,366,500,000 Combined total value = 95,071,500,000

Strike 190250 has a total call value of 77,870,750,000 versus a total put value of 17,534,625,000 Combined total value = 95,405,375,000

Strike 190500 has a total call value of 79,036,500,000 versus a total put value of 16,702,750,000 Combined total value = 95,739,250,000

Strike 190750 has a total call value of 80,202,250,000 versus a total put value of 15,870,875,000 Combined total value = 96,073,125,000

Strike 191000 has a total call value of 81,368,000,000 versus a total put value of 15,039,000,000 Combined total value = 96,407,000,000

Strike 191250 has a total call value of 82,553,875,000 versus a total put value of 14,254,500,000 Combined total value = 96,808,375,000

Strike 191500 has a total call value of 83,739,750,000 versus a total put value of 13,470,000,000 Combined total value = 97,209,750,000

Strike 191750 has a total call value of 84,925,625,000 versus a total put value of 12,685,500,000 Combined total value = 97,611,125,000

Strike 192000 has a total call value of 86,111,500,000 versus a total put value of 11,901,000,000 Combined total value = 98,012,500,000

Strike 192250 has a total call value of 87,359,625,000 versus a total put value of 11,178,750,000 Combined total value = 98,538,375,000

Strike 192500 has a total call value of 88,607,750,000 versus a total put value of 10,456,500,000 Combined total value = 99,064,250,000

Strike 192750 has a total call value of 89,883,000,000 versus a total put value of 9,734,250,000 Combined total value = 99,617,250,000

Strike 193000 has a total call value of 91,158,250,000 versus a total put value of 9,012,000,000 Combined total value = 100,170,250,000

Strike 193250 has a total call value of 92,498,375,000 versus a total put value of 8,339,250,000 Combined total value = 100,837,625,000

Strike 193500 has a total call value of 93,838,500,000 versus a total put value of 7,666,500,000 Combined total value = 101,505,000,000

Strike 193750 has a total call value of 95,178,625,000 versus a total put value of 6,993,750,000 Combined total value = 102,172,375,000

Strike 194000 has a total call value of 96,518,750,000 versus a total put value of 6,321,000,000 Combined total value = 102,839,750,000

Strike 194250 has a total call value of 97,935,125,000 versus a total put value of 5,692,625,000 Combined total value = 103,627,750,000

Strike 194500 has a total call value of 99,351,500,000 versus a total put value of 5,064,250,000 Combined total value = 104,415,750,000

Strike 194750 has a total call value of 100,767,875,000 versus a total put value of 4,435,875,000 Combined total value = 105,203,750,000

Strike 195000 has a total call value of 102,184,250,000 versus a total put value of 3,807,500,000 Combined total value = 105,991,750,000

Strike 195250 has a total call value of 103,764,750,000 versus a total put value of 3,441,875,000 Combined total value = 107,206,625,000

Strike 195500 has a total call value of 105,345,750,000 versus a total put value of 3,076,250,000 Combined total value = 108,422,000,000

Strike 195750 has a total call value of 106,927,125,000 versus a total put value of 2,710,625,000 Combined total value = 109,637,750,000

Strike 196000 has a total call value of 108,508,875,000 versus a total put value of 2,345,000,000 Combined total value = 110,853,875,000

Strike 196250 has a total call value of 110,155,375,000 versus a total put value of 2,058,500,000 Combined total value = 112,213,875,000

Strike 196500 has a total call value of 111,801,875,000 versus a total put value of 1,772,000,000 Combined total value = 113,573,875,000

Strike 196750 has a total call value of 113,449,250,000 versus a total put value of 1,485,500,000 Combined total value = 114,934,750,000

Strike 197000 has a total call value of 115,096,875,000 versus a total put value of 1,199,000,000 Combined total value = 116,295,875,000

Strike 197250 has a total call value of 116,842,000,000 versus a total put value of 1,004,375,000 Combined total value = 117,846,375,000

Strike 197500 has a total call value of 118,587,750,000 versus a total put value of 809,750,000 Combined total value = 119,397,500,000

Strike 197750 has a total call value of 120,337,000,000 versus a total put value of 616,000,000 Combined total value = 120,953,000,000

Strike 198000 has a total call value of 122,086,250,000 versus a total put value of 422,625,000 Combined total value = 122,508,875,000

Strike 198250 has a total call value of 124,012,875,000 versus a total put value of 318,500,000 Combined total value = 124,331,375,000

Strike 198500 has a total call value of 125,939,500,000 versus a total put value of 214,375,000 Combined total value = 126,153,875,000

Strike 198750 has a total call value of 127,898,375,000 versus a total put value of 110,250,000 Combined total value = 128,008,625,000

Strike 199000 has a total call value of 129,857,250,000 versus a total put value of 6,250,000 Combined total value = 129,863,500,000

Strike 199250 has a total call value of 132,016,250,000 versus a total put value of 3,125,000 Combined total value = 132,019,375,000

Strike 199500 has a total call value of 134,175,250,000 versus a total put value of 0 Combined total value = 134,175,250,000

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	1131.7	1140
ABB	5251	5200
ABCAPITAL	348.35	350
ADANIENSOL	996.65	990
ADANIENT	2243.8	2300
ADANIGREEN	1025.3	1020
ADANIPORTS	1501	1500
ALKEM	5654.5	5700
AMBER	6765	6800
AMBUJACEM	547.85	550
ANGELONE	2534.1	2600
APLAPOLLO	1729.9	1740
APOLLOHOSP	7040	7200
ASHOKLEY	167.7	160
ASIANPAINT	2785.2	2800
ASTRAL	1461.1	1460
AUBANK	980.55	960
AUROPHARMA	1181.3	1200
AXISBANK	1224.6	1240
BAJAJ-AUTO	8987	9000
BAJAJFINSV	2037.2	2060
BAJFINANCE	998.9	1020
BANDHANBNK	148.68	150
BANKBARODA	282.4	290
BANKINDIA	139.54	143
BDL	1353	1400
BEL	386.8	400
BHARATFORG	1415.1	1400
BHARTIARTL	2099	2100
BHEL	278.25	280
BIOCON	384.85	390
BLUESTARCO	1807.3	1780
BOSCHLTD	36145	36500
BPCL	365.35	362.5
BRITANNIA	6065	6000
BSE	2599.1	2700
CAMS	751.2	780
CANBK	147.27	148
CDSL	1500.3	1560
CGPOWER	670.05	680
CHOLAFIN	1717.5	1700
CIPLA	1499.1	1520
COALINDIA	380.75	384.75
COFORGE	1851.4	1840
COLPAL	2162	2180
CONCOR	499.2	520
CROMPTON	252.9	265
CUMMINSIND	4489.8	4500
CYIENT	1150.8	1160
DABUR	498	505
DALBHARAT	2065.6	2040
DELHIVERY	400.8	410
DIVISLAB	6288	6400
DIXON	13630	13750
DLF	690.4	720
DMART	3846	3900
DRREDDY	1280	1270
EICHERMOT	7077	7100
ETERNAL	287.3	295
EXIDEIND	366.45	375
FEDERALBNK	262.95	260
FORTIS	877	890
GAIL	167.8	175
GLENMARK	1966	1940
GMRAIRPORT	102.74	102
GODREJCP	1179.5	1160
GODREJPROP	2023.5	2080
GRASIM	2799.4	2800
HAL	4250.4	4500
HAVELLS	1411.4	1440
HCLTECH	1647.8	1660
HDFCAMC	2584	2625
HDFCBANK	995.4	1000
HDFCLIFE	767.75	770
HEROMOTOCO	5945	6050
HFCL	65.75	68
HINDALCO	832.55	820
HINDPETRO	462.95	460
HINDUNILVR	2282.8	2300
HINDZINC	567.85	540
HUDCO	210.93	220
ICICIBANK	1361.8	1380
ICICIGI	1949.3	1980
ICICIPRULI	639.95	630
IDEA	11.23	11
IDFCFIRSTB	83.3	81
IEX	140.42	145
IIFL	565.9	560
INDHOTEL	724.45	740
INDIANB	770.95	820
INDIGO	4975	5000
INDUSINDBK	844.3	850
INDUSTOWER	407.4	410
INFY	1591.2	1600
INOXWIND	125.85	130
IOC	166.97	165
IRCTC	669.4	690
IREDA	133.78	140
IRFC	112.22	117
ITC	402.3	405
JINDALSTEL	1009.2	1030
JIOFIN	295.55	305
JSWENERGY	476.95	490
JSWSTEEL	1085.6	1130
JUBLFOOD	561.3	580
KALYANKJIL	477.35	480
KAYNES	4188.5	4400
KEI	4149.1	4100
KFINTECH	1034.5	1060
KOTAKBANK	2183.3	2160
KPITTECH	1178.4	1200
LAURUSLABS	995.4	1000
LICHSGFIN	526.95	550
LICI	853.3	880
LODHA	1078.3	1120
LT	4059.2	4040
LTF	300.15	302.5
LTIM	6209.5	6150
LUPIN	2089.6	2080
M&M	3623.3	3650
MANAPPURAM	283.4	280
MANKIND	2112.3	2200
MARICO	738	730
MARUTI	16400	16300
MAXHEALTH	1078.8	1100
MAZDOCK	2413.6	2600
MCX	10146	10100
MFSL	1681.4	1700
MOTHERSON	119.72	116
MPHASIS	2853	2900
MUTHOOTFIN	3837	3750
NATIONALUM	275.05	270
NAUKRI	1347.4	1360
NBCC	111.63	113
NCC	158.38	167.5
NESTLEIND	1241.9	1240
NHPC	75.9	78
NMDC	76.87	77
NTPC	319.8	325
NUVAMA	7236.5	7200
NYKAA	245.3	255
OBEROIRLTY	1632.7	1660
OFSS	7855	8000
OIL	401	410
ONGC	230.93	240
PAGEIND	36280	37500
PATANJALI	534.45	545
PAYTM	1285	1300
PERSISTENT	6213	6200
PETRONET	264.4	277.5
PFC	336	355
PGEL	567.6	560
PHOENIXLTD	1780.1	1740
PIDILITIND	1472.2	1480
PIIND	3228.8	3350
PNB	116.89	120
PNBHOUSING	912.5	910
POLICYBZR	1825.1	1860
POLYCAB	7276.5	7300
POWERGRID	260.9	270
POWERINDIA	19210	19500
PPLPHARMA	169.23	180
PRESTIGE	1618	1660
RBLBANK	298.85	310
RECLTD	335.45	355
RELIANCE	1545.3	1540
RVNL	309.25	315
SAIL	128.56	132
SAMMAANCAP	146.54	155
SBICARD	849.4	870
SBILIFE	2043	2020
SBIN	963	965
SHREECEM	25980	26500
SHRIRAMFIN	850	850
SIEMENS	3151.7	3200
SOLARINDS	11925	12500
SONACOMS	485.1	500
SRF	3014.6	2950
SUNPHARMA	1785.4	1800
SUPREMEIND	3400	3400
SUZLON	52.5	54
SYNGENE	650.2	650
TATACONSUM	1168.5	1170
TATAELXSI	5005	5100
TATAMOTORS	0	320
TATAPOWER	378.65	390
TATASTEEL	169.59	170
TATATECH	650.15	680
TCS	3201.2	3200
TECHM	1574	1540
TIINDIA	2618.8	2700
TITAGARH	788.8	800
TITAN	3904.6	3860
TMPV	344.55	360
TORNTPHARM	3769.9	3800
TORNTPOWER	1301	1300
TRENT	4107	4200
TVSMOTOR	3617.9	3600
ULTRACEMCO	11561	11700
UNIONBANK	152.74	152.5
UNITDSPR	1447.9	1440
UNOMINDA	1257	1280
UPL	748.35	750
VBL	477.3	470
VEDL	548.6	535
VOLTAS	1392.8	1360
WIPRO	259.28	255
YESBANK	21.43	22
ZYDUSLIFE	917.3	930

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.

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