FINNIFTY
Nifty Financial Services
Max pain for FINNIFTY
25 Oct 2025 03:52 PM IST
Max Pain for FINNIFTY is 27350
Strike 23500 has a total call value of 0 versus a total put value of 614,188,900,000 Combined total value = 614,188,900,000
Strike 23550 has a total call value of 0 versus a total put value of 604,557,525,000 Combined total value = 604,557,525,000
Strike 23600 has a total call value of 0 versus a total put value of 594,926,150,000 Combined total value = 594,926,150,000
Strike 23650 has a total call value of 0 versus a total put value of 585,294,775,000 Combined total value = 585,294,775,000
Strike 23700 has a total call value of 0 versus a total put value of 575,663,400,000 Combined total value = 575,663,400,000
Strike 23750 has a total call value of 0 versus a total put value of 566,032,025,000 Combined total value = 566,032,025,000
Strike 23800 has a total call value of 0 versus a total put value of 556,400,650,000 Combined total value = 556,400,650,000
Strike 23850 has a total call value of 0 versus a total put value of 546,769,275,000 Combined total value = 546,769,275,000
Strike 23900 has a total call value of 0 versus a total put value of 537,137,900,000 Combined total value = 537,137,900,000
Strike 23950 has a total call value of 0 versus a total put value of 527,509,125,000 Combined total value = 527,509,125,000
Strike 24000 has a total call value of 0 versus a total put value of 517,880,350,000 Combined total value = 517,880,350,000
Strike 24050 has a total call value of 0 versus a total put value of 508,291,225,000 Combined total value = 508,291,225,000
Strike 24100 has a total call value of 0 versus a total put value of 498,702,100,000 Combined total value = 498,702,100,000
Strike 24150 has a total call value of 0 versus a total put value of 489,117,850,000 Combined total value = 489,117,850,000
Strike 24200 has a total call value of 0 versus a total put value of 479,533,600,000 Combined total value = 479,533,600,000
Strike 24250 has a total call value of 0 versus a total put value of 469,949,350,000 Combined total value = 469,949,350,000
Strike 24300 has a total call value of 0 versus a total put value of 460,365,100,000 Combined total value = 460,365,100,000
Strike 24350 has a total call value of 0 versus a total put value of 450,780,850,000 Combined total value = 450,780,850,000
Strike 24400 has a total call value of 0 versus a total put value of 441,196,600,000 Combined total value = 441,196,600,000
Strike 24450 has a total call value of 0 versus a total put value of 431,612,350,000 Combined total value = 431,612,350,000
Strike 24500 has a total call value of 0 versus a total put value of 422,028,100,000 Combined total value = 422,028,100,000
Strike 24550 has a total call value of 0 versus a total put value of 412,474,075,000 Combined total value = 412,474,075,000
Strike 24600 has a total call value of 0 versus a total put value of 402,920,050,000 Combined total value = 402,920,050,000
Strike 24650 has a total call value of 0 versus a total put value of 393,366,025,000 Combined total value = 393,366,025,000
Strike 24700 has a total call value of 0 versus a total put value of 383,812,000,000 Combined total value = 383,812,000,000
Strike 24750 has a total call value of 0 versus a total put value of 374,275,850,000 Combined total value = 374,275,850,000
Strike 24800 has a total call value of 0 versus a total put value of 364,739,700,000 Combined total value = 364,739,700,000
Strike 24850 has a total call value of 0 versus a total put value of 355,209,075,000 Combined total value = 355,209,075,000
Strike 24900 has a total call value of 0 versus a total put value of 345,678,450,000 Combined total value = 345,678,450,000
Strike 24950 has a total call value of 0 versus a total put value of 336,172,525,000 Combined total value = 336,172,525,000
Strike 25000 has a total call value of 0 versus a total put value of 326,666,600,000 Combined total value = 326,666,600,000
Strike 25050 has a total call value of 5,850,000 versus a total put value of 317,389,800,000 Combined total value = 317,395,650,000
Strike 25100 has a total call value of 11,700,000 versus a total put value of 308,116,250,000 Combined total value = 308,127,950,000
Strike 25150 has a total call value of 17,550,000 versus a total put value of 298,859,275,000 Combined total value = 298,876,825,000
Strike 25200 has a total call value of 23,400,000 versus a total put value of 289,607,175,000 Combined total value = 289,630,575,000
Strike 25250 has a total call value of 29,250,000 versus a total put value of 280,395,375,000 Combined total value = 280,424,625,000
Strike 25300 has a total call value of 35,100,000 versus a total put value of 271,193,650,000 Combined total value = 271,228,750,000
Strike 25350 has a total call value of 40,950,000 versus a total put value of 262,012,075,000 Combined total value = 262,053,025,000
Strike 25400 has a total call value of 46,800,000 versus a total put value of 252,830,500,000 Combined total value = 252,877,300,000
Strike 25450 has a total call value of 52,650,000 versus a total put value of 243,692,475,000 Combined total value = 243,745,125,000
Strike 25500 has a total call value of 58,500,000 versus a total put value of 234,554,450,000 Combined total value = 234,612,950,000
Strike 25550 has a total call value of 64,350,000 versus a total put value of 225,569,500,000 Combined total value = 225,633,850,000
Strike 25600 has a total call value of 70,200,000 versus a total put value of 216,588,450,000 Combined total value = 216,658,650,000
Strike 25650 has a total call value of 76,050,000 versus a total put value of 207,627,875,000 Combined total value = 207,703,925,000
Strike 25700 has a total call value of 81,900,000 versus a total put value of 198,668,600,000 Combined total value = 198,750,500,000
Strike 25750 has a total call value of 87,750,000 versus a total put value of 189,952,750,000 Combined total value = 190,040,500,000
Strike 25800 has a total call value of 93,600,000 versus a total put value of 181,274,600,000 Combined total value = 181,368,200,000
Strike 25850 has a total call value of 99,450,000 versus a total put value of 172,709,550,000 Combined total value = 172,809,000,000
Strike 25900 has a total call value of 105,300,000 versus a total put value of 164,194,550,000 Combined total value = 164,299,850,000
Strike 25950 has a total call value of 111,150,000 versus a total put value of 155,779,975,000 Combined total value = 155,891,125,000
Strike 26000 has a total call value of 117,000,000 versus a total put value of 147,365,400,000 Combined total value = 147,482,400,000
Strike 26050 has a total call value of 181,350,000 versus a total put value of 139,408,425,000 Combined total value = 139,589,775,000
Strike 26100 has a total call value of 245,700,000 versus a total put value of 131,481,025,000 Combined total value = 131,726,725,000
Strike 26150 has a total call value of 317,850,000 versus a total put value of 123,654,050,000 Combined total value = 123,971,900,000
Strike 26200 has a total call value of 400,400,000 versus a total put value of 115,871,275,000 Combined total value = 116,271,675,000
Strike 26250 has a total call value of 502,775,000 versus a total put value of 108,262,050,000 Combined total value = 108,764,825,000
Strike 26300 has a total call value of 605,150,000 versus a total put value of 100,718,800,000 Combined total value = 101,323,950,000
Strike 26350 has a total call value of 707,525,000 versus a total put value of 93,473,900,000 Combined total value = 94,181,425,000
Strike 26400 has a total call value of 809,900,000 versus a total put value of 86,323,250,000 Combined total value = 87,133,150,000
Strike 26450 has a total call value of 945,425,000 versus a total put value of 79,513,850,000 Combined total value = 80,459,275,000
Strike 26500 has a total call value of 1,080,950,000 versus a total put value of 72,811,050,000 Combined total value = 73,892,000,000
Strike 26550 has a total call value of 1,309,750,000 versus a total put value of 67,098,525,000 Combined total value = 68,408,275,000
Strike 26600 has a total call value of 1,538,550,000 versus a total put value of 61,471,150,000 Combined total value = 63,009,700,000
Strike 26650 has a total call value of 1,810,575,000 versus a total put value of 56,184,700,000 Combined total value = 57,995,275,000
Strike 26700 has a total call value of 2,096,250,000 versus a total put value of 50,945,050,000 Combined total value = 53,041,300,000
Strike 26750 has a total call value of 2,422,225,000 versus a total put value of 46,195,175,000 Combined total value = 48,617,400,000
Strike 26800 has a total call value of 2,765,750,000 versus a total put value of 41,520,050,000 Combined total value = 44,285,800,000
Strike 26850 has a total call value of 3,241,550,000 versus a total put value of 37,104,275,000 Combined total value = 40,345,825,000
Strike 26900 has a total call value of 3,730,675,000 versus a total put value of 32,782,750,000 Combined total value = 36,513,425,000
Strike 26950 has a total call value of 4,311,450,000 versus a total put value of 28,933,450,000 Combined total value = 33,244,900,000
Strike 27000 has a total call value of 4,892,225,000 versus a total put value of 25,151,750,000 Combined total value = 30,043,975,000
Strike 27050 has a total call value of 5,716,425,000 versus a total put value of 21,890,375,000 Combined total value = 27,606,800,000
Strike 27100 has a total call value of 6,572,150,000 versus a total put value of 18,692,700,000 Combined total value = 25,264,850,000
Strike 27150 has a total call value of 7,540,000,000 versus a total put value of 15,861,950,000 Combined total value = 23,401,950,000
Strike 27200 has a total call value of 8,523,450,000 versus a total put value of 13,150,150,000 Combined total value = 21,673,600,000
Strike 27250 has a total call value of 9,803,950,000 versus a total put value of 10,955,750,000 Combined total value = 20,759,700,000
Strike 27300 has a total call value of 11,122,150,000 versus a total put value of 8,897,850,000 Combined total value = 20,020,000,000
Strike 27350 has a total call value of 12,751,050,000 versus a total put value of 7,231,575,000 Combined total value = 19,982,625,000
Strike 27400 has a total call value of 14,463,475,000 versus a total put value of 5,705,700,000 Combined total value = 20,169,175,000
Strike 27450 has a total call value of 16,473,600,000 versus a total put value of 4,340,375,000 Combined total value = 20,813,975,000
Strike 27500 has a total call value of 18,638,100,000 versus a total put value of 3,025,425,000 Combined total value = 21,663,525,000
Strike 27550 has a total call value of 21,330,725,000 versus a total put value of 2,119,325,000 Combined total value = 23,450,050,000
Strike 27600 has a total call value of 24,153,350,000 versus a total put value of 1,283,425,000 Combined total value = 25,436,775,000
Strike 27650 has a total call value of 27,772,875,000 versus a total put value of 718,900,000 Combined total value = 28,491,775,000
Strike 27700 has a total call value of 31,597,150,000 versus a total put value of 217,425,000 Combined total value = 31,814,575,000
Strike 27750 has a total call value of 36,209,875,000 versus a total put value of 126,425,000 Combined total value = 36,336,300,000
Strike 27800 has a total call value of 41,081,300,000 versus a total put value of 58,500,000 Combined total value = 41,139,800,000
Strike 27850 has a total call value of 46,446,725,000 versus a total put value of 38,350,000 Combined total value = 46,485,075,000
Strike 27900 has a total call value of 51,899,575,000 versus a total put value of 18,200,000 Combined total value = 51,917,775,000
Strike 27950 has a total call value of 57,723,900,000 versus a total put value of 9,100,000 Combined total value = 57,733,000,000
Strike 28000 has a total call value of 63,612,575,000 versus a total put value of 0 Combined total value = 63,612,575,000
Strike 28050 has a total call value of 70,278,975,000 versus a total put value of 0 Combined total value = 70,278,975,000
Strike 28100 has a total call value of 77,014,600,000 versus a total put value of 0 Combined total value = 77,014,600,000
Strike 28150 has a total call value of 84,073,275,000 versus a total put value of 0 Combined total value = 84,073,275,000
Strike 28200 has a total call value of 91,133,900,000 versus a total put value of 0 Combined total value = 91,133,900,000
Strike 28250 has a total call value of 98,511,725,000 versus a total put value of 0 Combined total value = 98,511,725,000
Strike 28300 has a total call value of 105,889,550,000 versus a total put value of 0 Combined total value = 105,889,550,000
Strike 28350 has a total call value of 113,507,875,000 versus a total put value of 0 Combined total value = 113,507,875,000
Strike 28400 has a total call value of 121,172,025,000 versus a total put value of 0 Combined total value = 121,172,025,000
Strike 28450 has a total call value of 128,953,175,000 versus a total put value of 0 Combined total value = 128,953,175,000
Strike 28500 has a total call value of 136,753,175,000 versus a total put value of 0 Combined total value = 136,753,175,000
Strike 28550 has a total call value of 144,873,300,000 versus a total put value of 0 Combined total value = 144,873,300,000
Strike 28600 has a total call value of 152,995,375,000 versus a total put value of 0 Combined total value = 152,995,375,000
Strike 28650 has a total call value of 161,170,425,000 versus a total put value of 0 Combined total value = 161,170,425,000
Strike 28700 has a total call value of 169,354,250,000 versus a total put value of 0 Combined total value = 169,354,250,000
Strike 28750 has a total call value of 177,643,375,000 versus a total put value of 0 Combined total value = 177,643,375,000
Strike 28800 has a total call value of 185,932,500,000 versus a total put value of 0 Combined total value = 185,932,500,000
Strike 28850 has a total call value of 194,296,700,000 versus a total put value of 0 Combined total value = 194,296,700,000
Strike 28900 has a total call value of 202,660,900,000 versus a total put value of 0 Combined total value = 202,660,900,000
Strike 28950 has a total call value of 211,112,200,000 versus a total put value of 0 Combined total value = 211,112,200,000
Strike 29000 has a total call value of 219,563,500,000 versus a total put value of 0 Combined total value = 219,563,500,000
Strike 29050 has a total call value of 228,383,675,000 versus a total put value of 0 Combined total value = 228,383,675,000
Strike 29100 has a total call value of 237,203,850,000 versus a total put value of 0 Combined total value = 237,203,850,000
Strike 29150 has a total call value of 246,077,325,000 versus a total put value of 0 Combined total value = 246,077,325,000
Strike 29200 has a total call value of 254,950,800,000 versus a total put value of 0 Combined total value = 254,950,800,000
Strike 29250 has a total call value of 263,850,600,000 versus a total put value of 0 Combined total value = 263,850,600,000
Strike 29300 has a total call value of 272,750,400,000 versus a total put value of 0 Combined total value = 272,750,400,000
Strike 29350 has a total call value of 281,667,750,000 versus a total put value of 0 Combined total value = 281,667,750,000
Strike 29400 has a total call value of 290,585,100,000 versus a total put value of 0 Combined total value = 290,585,100,000
Strike 29450 has a total call value of 299,513,500,000 versus a total put value of 0 Combined total value = 299,513,500,000
Strike 29500 has a total call value of 308,441,900,000 versus a total put value of 0 Combined total value = 308,441,900,000
Strike 29550 has a total call value of 317,576,025,000 versus a total put value of 0 Combined total value = 317,576,025,000
Strike 29600 has a total call value of 326,710,150,000 versus a total put value of 0 Combined total value = 326,710,150,000
Strike 29650 has a total call value of 335,848,500,000 versus a total put value of 0 Combined total value = 335,848,500,000
Strike 29700 has a total call value of 344,986,850,000 versus a total put value of 0 Combined total value = 344,986,850,000
Strike 29750 has a total call value of 354,140,800,000 versus a total put value of 0 Combined total value = 354,140,800,000
Strike 29800 has a total call value of 363,294,750,000 versus a total put value of 0 Combined total value = 363,294,750,000
Strike 29850 has a total call value of 372,448,700,000 versus a total put value of 0 Combined total value = 372,448,700,000
Strike 29900 has a total call value of 381,602,650,000 versus a total put value of 0 Combined total value = 381,602,650,000
Strike 29950 has a total call value of 390,796,900,000 versus a total put value of 0 Combined total value = 390,796,900,000
Strike 30000 has a total call value of 399,991,150,000 versus a total put value of 0 Combined total value = 399,991,150,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1185.7 | 1140 |
| ABB | 5181 | 5200 |
| ABCAPITAL | 306.15 | 300 |
| ADANIENSOL | 944.25 | 930 |
| ADANIENT | 2504.2 | 2560 |
| ADANIGREEN | 1031.1 | 1060 |
| ADANIPORTS | 1429 | 1440 |
| ALKEM | 5545 | 5550 |
| AMBER | 8321.5 | 8200 |
| AMBUJACEM | 555 | 580 |
| ANGELONE | 2514.5 | 2400 |
| APLAPOLLO | 1754.4 | 1720 |
| APOLLOHOSP | 7837.5 | 7800 |
| ASHOKLEY | 136.35 | 137.5 |
| ASIANPAINT | 2501.6 | 2440 |
| ASTRAL | 1430.8 | 1440 |
| AUBANK | 860.35 | 840 |
| AUROPHARMA | 1085 | 1100 |
| AXISBANK | 1241.9 | 1190 |
| BAJAJ-AUTO | 9076.5 | 9000 |
| BAJAJFINSV | 2159.5 | 2080 |
| BAJFINANCE | 1089.75 | 1050 |
| BANDHANBNK | 170 | 165 |
| BANKBARODA | 266.2 | 260 |
| BANKINDIA | 133.9 | 130 |
| BDL | 1544 | 1550 |
| BEL | 422.05 | 410 |
| BHARATFORG | 1283.9 | 1260 |
| BHARTIARTL | 2029.3 | 1960 |
| BHEL | 230.94 | 237.5 |
| BIOCON | 359.5 | 360 |
| BLUESTARCO | 2006 | 1960 |
| BOSCHLTD | 38585 | 39000 |
| BPCL | 330.45 | 335 |
| BRITANNIA | 6053 | 6000 |
| BSE | 2475 | 2400 |
| CAMS | 3880.2 | 3900 |
| CANBK | 125.7 | 125 |
| CDSL | 1590.2 | 1580 |
| CGPOWER | 723.85 | 750 |
| CHOLAFIN | 1733.6 | 1660 |
| CIPLA | 1584.4 | 1590 |
| COALINDIA | 394.05 | 390 |
| COFORGE | 1760 | 1700 |
| COLPAL | 2239.4 | 2260 |
| CONCOR | 536.9 | 540 |
| CROMPTON | 293.35 | 300 |
| CUMMINSIND | 4183.2 | 4100 |
| CYIENT | 1185.6 | 1180 |
| DABUR | 508.45 | 500 |
| DALBHARAT | 2098.4 | 2140 |
| DELHIVERY | 466.9 | 465 |
| DIVISLAB | 6593 | 6400 |
| DIXON | 15490 | 16000 |
| DLF | 772.45 | 760 |
| DMART | 4213.9 | 4300 |
| DRREDDY | 1283.6 | 1270 |
| EICHERMOT | 6840 | 6900 |
| ETERNAL | 326.6 | 330 |
| EXIDEIND | 388.7 | 400 |
| FEDERALBNK | 227.4 | 220 |
| FORTIS | 1037.3 | 1040 |
| GAIL | 181.02 | 180 |
| GLENMARK | 1818.8 | 1900 |
| GMRAIRPORT | 93.2 | 91 |
| GODREJCP | 1130.4 | 1140 |
| GODREJPROP | 2287.8 | 2200 |
| GRASIM | 2841.3 | 2820 |
| HAL | 4814.2 | 4800 |
| HAVELLS | 1494.9 | 1500 |
| HCLTECH | 1523.8 | 1500 |
| HDFCAMC | 5543.5 | 5650 |
| HDFCBANK | 994.75 | 990 |
| HDFCLIFE | 734.95 | 750 |
| HEROMOTOCO | 5540.5 | 5550 |
| HFCL | 77.74 | 75 |
| HINDALCO | 824.45 | 800 |
| HINDPETRO | 438.45 | 440 |
| HINDUNILVR | 2516.4 | 2540 |
| HINDZINC | 486.7 | 490 |
| HUDCO | 226.85 | 230 |
| ICICIBANK | 1377.7 | 1390 |
| ICICIGI | 1993.9 | 1960 |
| ICICIPRULI | 601.95 | 600 |
| IDEA | 9.62 | 9 |
| IDFCFIRSTB | 78.2 | 75 |
| IEX | 147.05 | 142.5 |
| IGL | 211.16 | 215 |
| IIFL | 489.8 | 480 |
| INDHOTEL | 735.9 | 740 |
| INDIANB | 820.05 | 800 |
| INDIGO | 5779 | 5750 |
| INDUSINDBK | 755.05 | 750 |
| INDUSTOWER | 361.55 | 355 |
| INFY | 1525.4 | 1480 |
| INOXWIND | 154.08 | 150 |
| IOC | 150.37 | 152 |
| IRCTC | 714.8 | 720 |
| IREDA | 153.4 | 155 |
| IRFC | 123.73 | 125 |
| ITC | 416.8 | 410 |
| JINDALSTEL | 1008.2 | 1030 |
| JIOFIN | 305.95 | 310 |
| JSWENERGY | 531.15 | 530 |
| JSWSTEEL | 1141.4 | 1150 |
| JUBLFOOD | 590.55 | 600 |
| KALYANKJIL | 495.3 | 490 |
| KAYNES | 6689 | 7000 |
| KEI | 4125.7 | 4200 |
| KFINTECH | 1149.4 | 1140 |
| KOTAKBANK | 2187 | 2140 |
| KPITTECH | 1178.7 | 1180 |
| LAURUSLABS | 926.4 | 900 |
| LICHSGFIN | 579.5 | 580 |
| LICI | 889.65 | 900 |
| LODHA | 1172.9 | 1160 |
| LT | 3904.9 | 3800 |
| LTF | 267 | 262.5 |
| LTIM | 5546 | 5550 |
| LUPIN | 1931.2 | 1960 |
| M&M | 3625 | 3550 |
| MANAPPURAM | 279.95 | 285 |
| MANKIND | 2432.4 | 2450 |
| MARICO | 725.85 | 720 |
| MARUTI | 16274 | 16100 |
| MAXHEALTH | 1184.1 | 1180 |
| MAZDOCK | 2805.5 | 2850 |
| MCX | 9003.5 | 9000 |
| MFSL | 1518 | 1560 |
| MOTHERSON | 106.25 | 106 |
| MPHASIS | 2818.9 | 2800 |
| MUTHOOTFIN | 3163.1 | 3200 |
| NATIONALUM | 236.1 | 230 |
| NAUKRI | 1377.8 | 1380 |
| NBCC | 111.69 | 111 |
| NCC | 209.56 | 210 |
| NESTLEIND | 1282 | 1230 |
| NHPC | 84.79 | 86 |
| NMDC | 74.19 | 76 |
| NTPC | 339.6 | 340 |
| NUVAMA | 7176 | 7000 |
| NYKAA | 250.59 | 255 |
| OBEROIRLTY | 1699.9 | 1660 |
| OFSS | 8565 | 8700 |
| OIL | 419.5 | 420 |
| ONGC | 254.96 | 250 |
| PAGEIND | 41025 | 41500 |
| PATANJALI | 580.95 | 590 |
| PAYTM | 1287 | 1260 |
| PERSISTENT | 5826 | 5600 |
| PETRONET | 281.05 | 285 |
| PFC | 393.6 | 410 |
| PGEL | 575.95 | 560 |
| PHOENIXLTD | 1680.7 | 1660 |
| PIDILITIND | 1507.1 | 1510 |
| PIIND | 3583.2 | 3600 |
| PNB | 116.94 | 117 |
| PNBHOUSING | 907.3 | 890 |
| POLICYBZR | 1685.7 | 1700 |
| POLYCAB | 7513 | 7500 |
| POWERGRID | 288.5 | 290 |
| POWERINDIA | 16767 | 17250 |
| PPLPHARMA | 202.37 | 200 |
| PRESTIGE | 1754.1 | 1680 |
| RBLBANK | 315.95 | 295 |
| RECLTD | 372.6 | 380 |
| RELIANCE | 1451.6 | 1420 |
| RVNL | 329.45 | 340 |
| SAIL | 129.46 | 132 |
| SAMMAANCAP | 188.25 | 170 |
| SBICARD | 928.95 | 920 |
| SBILIFE | 1839.8 | 1800 |
| SBIN | 904.5 | 885 |
| SHREECEM | 28705 | 29000 |
| SHRIRAMFIN | 715.45 | 680 |
| SIEMENS | 3152.2 | 3150 |
| SILVER | 147150 | 150000 |
| SILVERM | 149325 | 150000 |
| SOLARINDS | 14017 | 14000 |
| SONACOMS | 478.7 | 460 |
| SRF | 3082 | 3100 |
| SUNPHARMA | 1699 | 1680 |
| SUPREMEIND | 4003.7 | 4150 |
| SUZLON | 53.82 | 55 |
| SYNGENE | 659.85 | 640 |
| TATACONSUM | 1155.3 | 1150 |
| TATAELXSI | 5544 | 5400 |
| TATAMOTORS | 0 | 360 |
| TATAPOWER | 396.85 | 400 |
| TATASTEEL | 174.44 | 175 |
| TATATECH | 689.65 | 700 |
| TCS | 3063.2 | 3020 |
| TECHM | 1453.7 | 1460 |
| TIINDIA | 3159.2 | 3200 |
| TITAGARH | 874.7 | 900 |
| TITAN | 3714.9 | 3600 |
| TMPV | 403.3 | 400 |
| TORNTPHARM | 3581.4 | 3550 |
| TORNTPOWER | 1325.8 | 1300 |
| TRENT | 4789.6 | 4800 |
| TVSMOTOR | 3599.8 | 3550 |
| ULTRACEMCO | 11918 | 12200 |
| UNIONBANK | 141.77 | 140 |
| UNITDSPR | 1357.4 | 1350 |
| UNOMINDA | 1192 | 1240 |
| UPL | 672.05 | 680 |
| VBL | 461.4 | 460 |
| VEDL | 495.6 | 480 |
| VOLTAS | 1441.4 | 1400 |
| WIPRO | 242.98 | 245 |
| YESBANK | 22.67 | 23 |
| ZYDUSLIFE | 1004.9 | 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.
