 
              
              BANKEX
Bank IndexMax pain for BANKEX
31 Oct 2025 11:41 PM IST
Max Pain for BANKEX is 65500
Strike 61100 has a total call value of 0 versus a total put value of 3,868,500,000 Combined total value = 3,868,500,000
Strike 61200 has a total call value of 900,000 versus a total put value of 3,747,600,000 Combined total value = 3,748,500,000
Strike 61300 has a total call value of 1,800,000 versus a total put value of 3,626,700,000 Combined total value = 3,628,500,000
Strike 61400 has a total call value of 2,700,000 versus a total put value of 3,505,800,000 Combined total value = 3,508,500,000
Strike 61500 has a total call value of 3,600,000 versus a total put value of 3,384,900,000 Combined total value = 3,388,500,000
Strike 61600 has a total call value of 4,500,000 versus a total put value of 3,270,000,000 Combined total value = 3,274,500,000
Strike 61700 has a total call value of 6,000,000 versus a total put value of 3,155,100,000 Combined total value = 3,161,100,000
Strike 61800 has a total call value of 7,500,000 versus a total put value of 3,040,200,000 Combined total value = 3,047,700,000
Strike 61900 has a total call value of 10,500,000 versus a total put value of 2,925,300,000 Combined total value = 2,935,800,000
Strike 62000 has a total call value of 13,500,000 versus a total put value of 2,810,400,000 Combined total value = 2,823,900,000
Strike 62100 has a total call value of 16,500,000 versus a total put value of 2,695,500,000 Combined total value = 2,712,000,000
Strike 62200 has a total call value of 20,700,000 versus a total put value of 2,580,600,000 Combined total value = 2,601,300,000
Strike 62300 has a total call value of 25,200,000 versus a total put value of 2,465,700,000 Combined total value = 2,490,900,000
Strike 62400 has a total call value of 29,700,000 versus a total put value of 2,350,800,000 Combined total value = 2,380,500,000
Strike 62500 has a total call value of 34,200,000 versus a total put value of 2,235,900,000 Combined total value = 2,270,100,000
Strike 62600 has a total call value of 38,700,000 versus a total put value of 2,121,000,000 Combined total value = 2,159,700,000
Strike 62700 has a total call value of 43,200,000 versus a total put value of 2,006,100,000 Combined total value = 2,049,300,000
Strike 62800 has a total call value of 47,700,000 versus a total put value of 1,894,200,000 Combined total value = 1,941,900,000
Strike 62900 has a total call value of 52,200,000 versus a total put value of 1,782,900,000 Combined total value = 1,835,100,000
Strike 63000 has a total call value of 56,700,000 versus a total put value of 1,671,600,000 Combined total value = 1,728,300,000
Strike 63100 has a total call value of 61,200,000 versus a total put value of 1,565,100,000 Combined total value = 1,626,300,000
Strike 63200 has a total call value of 65,700,000 versus a total put value of 1,464,000,000 Combined total value = 1,529,700,000
Strike 63300 has a total call value of 70,200,000 versus a total put value of 1,366,500,000 Combined total value = 1,436,700,000
Strike 63400 has a total call value of 74,700,000 versus a total put value of 1,275,900,000 Combined total value = 1,350,600,000
Strike 63500 has a total call value of 79,200,000 versus a total put value of 1,188,300,000 Combined total value = 1,267,500,000
Strike 63600 has a total call value of 83,700,000 versus a total put value of 1,104,300,000 Combined total value = 1,188,000,000
Strike 63700 has a total call value of 88,200,000 versus a total put value of 1,023,600,000 Combined total value = 1,111,800,000
Strike 63800 has a total call value of 92,700,000 versus a total put value of 945,300,000 Combined total value = 1,038,000,000
Strike 63900 has a total call value of 97,200,000 versus a total put value of 870,300,000 Combined total value = 967,500,000
Strike 64000 has a total call value of 101,700,000 versus a total put value of 797,100,000 Combined total value = 898,800,000
Strike 64100 has a total call value of 106,200,000 versus a total put value of 726,900,000 Combined total value = 833,100,000
Strike 64200 has a total call value of 110,700,000 versus a total put value of 659,400,000 Combined total value = 770,100,000
Strike 64300 has a total call value of 115,200,000 versus a total put value of 594,300,000 Combined total value = 709,500,000
Strike 64400 has a total call value of 119,700,000 versus a total put value of 531,600,000 Combined total value = 651,300,000
Strike 64500 has a total call value of 124,200,000 versus a total put value of 471,000,000 Combined total value = 595,200,000
Strike 64600 has a total call value of 128,700,000 versus a total put value of 419,100,000 Combined total value = 547,800,000
Strike 64700 has a total call value of 133,200,000 versus a total put value of 369,000,000 Combined total value = 502,200,000
Strike 64800 has a total call value of 137,700,000 versus a total put value of 321,000,000 Combined total value = 458,700,000
Strike 64900 has a total call value of 142,200,000 versus a total put value of 274,500,000 Combined total value = 416,700,000
Strike 65000 has a total call value of 147,000,000 versus a total put value of 229,200,000 Combined total value = 376,200,000
Strike 65100 has a total call value of 152,100,000 versus a total put value of 187,200,000 Combined total value = 339,300,000
Strike 65200 has a total call value of 157,200,000 versus a total put value of 146,400,000 Combined total value = 303,600,000
Strike 65300 has a total call value of 165,300,000 versus a total put value of 107,400,000 Combined total value = 272,700,000
Strike 65400 has a total call value of 175,800,000 versus a total put value of 69,600,000 Combined total value = 245,400,000
Strike 65500 has a total call value of 187,500,000 versus a total put value of 35,100,000 Combined total value = 222,600,000
Strike 65600 has a total call value of 225,600,000 versus a total put value of 25,500,000 Combined total value = 251,100,000
Strike 65700 has a total call value of 264,600,000 versus a total put value of 17,100,000 Combined total value = 281,700,000
Strike 65800 has a total call value of 304,800,000 versus a total put value of 11,100,000 Combined total value = 315,900,000
Strike 65900 has a total call value of 345,900,000 versus a total put value of 7,800,000 Combined total value = 353,700,000
Strike 66000 has a total call value of 389,100,000 versus a total put value of 5,400,000 Combined total value = 394,500,000
Strike 66100 has a total call value of 436,500,000 versus a total put value of 3,600,000 Combined total value = 440,100,000
Strike 66200 has a total call value of 486,300,000 versus a total put value of 2,400,000 Combined total value = 488,700,000
Strike 66300 has a total call value of 537,600,000 versus a total put value of 1,200,000 Combined total value = 538,800,000
Strike 66400 has a total call value of 590,400,000 versus a total put value of 600,000 Combined total value = 591,000,000
Strike 66500 has a total call value of 644,700,000 versus a total put value of 0 Combined total value = 644,700,000
Strike 66600 has a total call value of 700,500,000 versus a total put value of 0 Combined total value = 700,500,000
Strike 66700 has a total call value of 758,100,000 versus a total put value of 0 Combined total value = 758,100,000
Strike 66800 has a total call value of 817,200,000 versus a total put value of 0 Combined total value = 817,200,000
Strike 66900 has a total call value of 877,800,000 versus a total put value of 0 Combined total value = 877,800,000
Strike 67000 has a total call value of 939,900,000 versus a total put value of 0 Combined total value = 939,900,000
Strike 67100 has a total call value of 1,006,200,000 versus a total put value of 0 Combined total value = 1,006,200,000
Strike 67200 has a total call value of 1,074,000,000 versus a total put value of 0 Combined total value = 1,074,000,000
Strike 67300 has a total call value of 1,143,600,000 versus a total put value of 0 Combined total value = 1,143,600,000
Strike 67400 has a total call value of 1,215,300,000 versus a total put value of 0 Combined total value = 1,215,300,000
Strike 67500 has a total call value of 1,293,000,000 versus a total put value of 0 Combined total value = 1,293,000,000
Strike 67600 has a total call value of 1,373,700,000 versus a total put value of 0 Combined total value = 1,373,700,000
Strike 67700 has a total call value of 1,455,300,000 versus a total put value of 0 Combined total value = 1,455,300,000
Strike 67800 has a total call value of 1,538,400,000 versus a total put value of 0 Combined total value = 1,538,400,000
Strike 67900 has a total call value of 1,621,500,000 versus a total put value of 0 Combined total value = 1,621,500,000
Strike 68000 has a total call value of 1,704,600,000 versus a total put value of 0 Combined total value = 1,704,600,000
Strike 68100 has a total call value of 1,787,700,000 versus a total put value of 0 Combined total value = 1,787,700,000
Strike 68200 has a total call value of 1,870,800,000 versus a total put value of 0 Combined total value = 1,870,800,000
Strike 68300 has a total call value of 1,953,900,000 versus a total put value of 0 Combined total value = 1,953,900,000
Strike 68400 has a total call value of 2,037,000,000 versus a total put value of 0 Combined total value = 2,037,000,000
Strike 68500 has a total call value of 2,120,100,000 versus a total put value of 0 Combined total value = 2,120,100,000
Strike 68600 has a total call value of 2,203,500,000 versus a total put value of 0 Combined total value = 2,203,500,000
Strike 68700 has a total call value of 2,286,900,000 versus a total put value of 0 Combined total value = 2,286,900,000
Strike 68800 has a total call value of 2,370,300,000 versus a total put value of 0 Combined total value = 2,370,300,000
Strike 68900 has a total call value of 2,453,700,000 versus a total put value of 0 Combined total value = 2,453,700,000
Strike 69000 has a total call value of 2,537,100,000 versus a total put value of 0 Combined total value = 2,537,100,000
Max-Pain Table for Stocks
| Max Pain Table (Stocks) | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain | 
| 360ONE | 1080.7 | 1120 | 
| ABB | 5220 | 5250 | 
| ABCAPITAL | 324.2 | 320 | 
| ADANIENSOL | 986.2 | 960 | 
| ADANIENT | 2481 | 2500 | 
| ADANIGREEN | 1140 | 1100 | 
| ADANIPORTS | 1451.5 | 1440 | 
| ALKEM | 5506.5 | 5550 | 
| AMBER | 8036.5 | 8200 | 
| AMBUJACEM | 565.4 | 580 | 
| ANGELONE | 2492.4 | 2500 | 
| APLAPOLLO | 1791.5 | 1800 | 
| APOLLOHOSP | 7681 | 7800 | 
| ASHOKLEY | 141.53 | 140 | 
| ASIANPAINT | 2510.8 | 2500 | 
| ASTRAL | 1450.1 | 1440 | 
| AUBANK | 877.85 | 870 | 
| AUROPHARMA | 1138.9 | 1120 | 
| AXISBANK | 1232.8 | 1240 | 
| BAJAJ-AUTO | 8892.5 | 9100 | 
| BAJAJFINSV | 2088.3 | 2100 | 
| BAJFINANCE | 1042.8 | 1060 | 
| BANDHANBNK | 156.56 | 162.5 | 
| BANKBARODA | 278.4 | 275 | 
| BANKINDIA | 139.88 | 140 | 
| BDL | 1529.9 | 1540 | 
| BEL | 426.1 | 415 | 
| BHARATFORG | 1324.7 | 1300 | 
| BHARTIARTL | 2054.5 | 2060 | 
| BHEL | 265.49 | 257.5 | 
| BIOCON | 372.1 | 370 | 
| BLUESTARCO | 1937.4 | 1980 | 
| BOSCHLTD | 37245 | 37500 | 
| BPCL | 356.8 | 350 | 
| BRITANNIA | 5836.5 | 5900 | 
| BSE | 2479 | 2500 | 
| CAMS | 3941.3 | 3900 | 
| CANBK | 136.99 | 132 | 
| CDSL | 1587.2 | 1620 | 
| CGPOWER | 736.65 | 740 | 
| CHOLAFIN | 1696.8 | 1700 | 
| CIPLA | 1501.3 | 1540 | 
| COALINDIA | 388.65 | 390 | 
| COFORGE | 1778.1 | 1800 | 
| COLPAL | 2243 | 2240 | 
| CONCOR | 545.25 | 545 | 
| CROMPTON | 282.7 | 295 | 
| CUMMINSIND | 4344.1 | 4300 | 
| CYIENT | 1162.5 | 1200 | 
| DABUR | 487.55 | 500 | 
| DALBHARAT | 2096.8 | 2100 | 
| DELHIVERY | 465.95 | 475 | 
| DIVISLAB | 6738 | 6550 | 
| DIXON | 15494 | 15750 | 
| DLF | 756.25 | 780 | 
| DMART | 4153.5 | 4200 | 
| DRREDDY | 1197.6 | 1200 | 
| EICHERMOT | 7007 | 7000 | 
| ETERNAL | 317.75 | 330 | 
| EXIDEIND | 381.9 | 390 | 
| FEDERALBNK | 236.61 | 230 | 
| FORTIS | 1023.05 | 1000 | 
| GAIL | 182.76 | 185 | 
| GLENMARK | 1891.2 | 1860 | 
| GMRAIRPORT | 93.97 | 93 | 
| GODREJCP | 1118.6 | 1120 | 
| GODREJPROP | 2288 | 2300 | 
| GRASIM | 2891.7 | 2940 | 
| HAL | 4679.8 | 4800 | 
| HAVELLS | 1493.9 | 1500 | 
| HCLTECH | 1541.5 | 1540 | 
| HDFCAMC | 5379 | 5450 | 
| HDFCBANK | 987.3 | 1000 | 
| HDFCLIFE | 731.85 | 750 | 
| HEROMOTOCO | 5544 | 5600 | 
| HFCL | 73.51 | 75 | 
| HINDALCO | 847.85 | 840 | 
| HINDPETRO | 476 | 460 | 
| HINDUNILVR | 2465.5 | 2500 | 
| HINDZINC | 476.5 | 485 | 
| HUDCO | 237 | 235 | 
| ICICIBANK | 1345.3 | 1370 | 
| ICICIGI | 1993.7 | 2000 | 
| ICICIPRULI | 591.15 | 600 | 
| IDEA | 8.73 | 9 | 
| IDFCFIRSTB | 81.77 | 80 | 
| IEX | 139.06 | 145 | 
| IGL | 211.94 | 210 | 
| IIFL | 534.6 | 530 | 
| INDHOTEL | 741.8 | 750 | 
| INDIANB | 858.7 | 850 | 
| INDIGO | 5625 | 5800 | 
| INDUSINDBK | 794.8 | 800 | 
| INDUSTOWER | 363.6 | 370 | 
| INFY | 1482.3 | 1500 | 
| INOXWIND | 155.13 | 155 | 
| IOC | 165.9 | 160 | 
| IRCTC | 718.7 | 725 | 
| IREDA | 151.93 | 152.5 | 
| IRFC | 123.31 | 125 | 
| ITC | 420.35 | 420 | 
| JINDALSTEL | 1066.8 | 1080 | 
| JIOFIN | 306.8 | 310 | 
| JSWENERGY | 527.45 | 540 | 
| JSWSTEEL | 1206 | 1190 | 
| JUBLFOOD | 597.85 | 600 | 
| KALYANKJIL | 509.7 | 500 | 
| KAYNES | 6704.5 | 6800 | 
| KEI | 4032 | 4100 | 
| KFINTECH | 1098.1 | 1120 | 
| KOTAKBANK | 2102.2 | 2160 | 
| KPITTECH | 1166.7 | 1200 | 
| LAURUSLABS | 953.65 | 940 | 
| LICHSGFIN | 570.95 | 580 | 
| LICI | 894.7 | 900 | 
| LODHA | 1197.9 | 1200 | 
| LT | 4030.9 | 4000 | 
| LTF | 270.49 | 270 | 
| LTIM | 5684.5 | 5650 | 
| LUPIN | 1963.5 | 1960 | 
| M&M | 3487.2 | 3550 | 
| MANAPPURAM | 269.5 | 275 | 
| MANKIND | 2384 | 2450 | 
| MARICO | 719.95 | 720 | 
| MARUTI | 16186 | 16300 | 
| MAXHEALTH | 1147.8 | 1200 | 
| MAZDOCK | 2729 | 2800 | 
| MCX | 9243.5 | 9000 | 
| MFSL | 1546.5 | 1540 | 
| MOTHERSON | 105.39 | 108 | 
| MPHASIS | 2764.4 | 2800 | 
| MUTHOOTFIN | 3178.7 | 3200 | 
| NATIONALUM | 234.14 | 237.5 | 
| NAUKRI | 1378.3 | 1400 | 
| NBCC | 117.41 | 115 | 
| NCC | 212.37 | 212.5 | 
| NESTLEIND | 1271.6 | 1280 | 
| NHPC | 84.84 | 86 | 
| NMDC | 75.79 | 77 | 
| NTPC | 336.95 | 340 | 
| NUVAMA | 7092 | 7200 | 
| NYKAA | 247.94 | 252.5 | 
| OBEROIRLTY | 1778.3 | 1740 | 
| OFSS | 8515 | 8600 | 
| OIL | 433.35 | 420 | 
| ONGC | 255.37 | 255 | 
| PAGEIND | 41200 | 41000 | 
| PATANJALI | 602.4 | 600 | 
| PAYTM | 1303.2 | 1300 | 
| PERSISTENT | 5916.6 | 5900 | 
| PETRONET | 281.25 | 290 | 
| PFC | 403.25 | 400 | 
| PGEL | 570.95 | 570 | 
| PHOENIXLTD | 1682.6 | 1700 | 
| PIDILITIND | 1444.6 | 1480 | 
| PIIND | 3577.4 | 3600 | 
| PNB | 122.89 | 120 | 
| PNBHOUSING | 928.7 | 920 | 
| POLICYBZR | 1785.4 | 1800 | 
| POLYCAB | 7704 | 7700 | 
| POWERGRID | 288.15 | 290 | 
| POWERINDIA | 17778 | 17000 | 
| PPLPHARMA | 199.63 | 202.5 | 
| PRESTIGE | 1744.7 | 1700 | 
| RBLBANK | 326.35 | 320 | 
| RECLTD | 374.85 | 380 | 
| RELIANCE | 1486.4 | 1500 | 
| RVNL | 328.8 | 330 | 
| SAIL | 136.85 | 135 | 
| SAMMAANCAP | 188.59 | 187.5 | 
| SBICARD | 878.65 | 900 | 
| SBILIFE | 1955.7 | 1920 | 
| SBIN | 937 | 930 | 
| SHREECEM | 28310 | 28750 | 
| SHRIRAMFIN | 748.9 | 740 | 
| SIEMENS | 3096.3 | 3150 | 
| SOLARINDS | 13878 | 14000 | 
| SONACOMS | 472.75 | 480 | 
| SRF | 2930.5 | 3000 | 
| SUNPHARMA | 1690.7 | 1700 | 
| SUPREMEIND | 3812.5 | 3900 | 
| SUZLON | 59.3 | 56 | 
| SYNGENE | 650.1 | 660 | 
| TATACONSUM | 1165 | 1180 | 
| TATAELXSI | 5454.5 | 5500 | 
| TATAMOTORS | 0 | 320 | 
| TATAPOWER | 404.9 | 410 | 
| TATASTEEL | 182.84 | 182.5 | 
| TATATECH | 692.25 | 700 | 
| TCS | 3058 | 3080 | 
| TECHM | 1424.4 | 1460 | 
| TIINDIA | 3023 | 3100 | 
| TITAGARH | 884.55 | 900 | 
| TITAN | 3746.7 | 3700 | 
| TMPV | 410 | 410 | 
| TORNTPHARM | 3560.1 | 3600 | 
| TORNTPOWER | 1316.5 | 1300 | 
| TRENT | 4694.3 | 4800 | 
| TVSMOTOR | 3508.7 | 3550 | 
| ULTRACEMCO | 11947 | 12000 | 
| UNIONBANK | 148.67 | 147.5 | 
| UNITDSPR | 1431.4 | 1410 | 
| UNOMINDA | 1235.2 | 1240 | 
| UPL | 720.1 | 700 | 
| VBL | 469.65 | 480 | 
| VEDL | 493.55 | 500 | 
| VOLTAS | 1383.6 | 1400 | 
| WIPRO | 240.67 | 242.5 | 
| YESBANK | 22.74 | 23 | 
| ZYDUSLIFE | 974.45 | 1000 | 
Note:
| Stock LTP > Max Pain | Bearish Trend | 
| Stock LTP < Max Pain | Bullish Trend | 
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.
































































































































































































































