FINNIFTY
Nifty Financial Services
Max pain for FINNIFTY
28 Sep 2025 10:09 PM IST
Max Pain for FINNIFTY is 26000
Strike 24000 has a total call value of 0 versus a total put value of 764,400,000 Combined total value = 764,400,000
Strike 24100 has a total call value of 0 versus a total put value of 711,100,000 Combined total value = 711,100,000
Strike 24200 has a total call value of 0 versus a total put value of 657,800,000 Combined total value = 657,800,000
Strike 24300 has a total call value of 0 versus a total put value of 604,500,000 Combined total value = 604,500,000
Strike 24400 has a total call value of 0 versus a total put value of 551,200,000 Combined total value = 551,200,000
Strike 24500 has a total call value of 0 versus a total put value of 497,900,000 Combined total value = 497,900,000
Strike 24600 has a total call value of 0 versus a total put value of 444,600,000 Combined total value = 444,600,000
Strike 24700 has a total call value of 0 versus a total put value of 393,250,000 Combined total value = 393,250,000
Strike 24800 has a total call value of 0 versus a total put value of 341,900,000 Combined total value = 341,900,000
Strike 24900 has a total call value of 0 versus a total put value of 290,550,000 Combined total value = 290,550,000
Strike 25000 has a total call value of 0 versus a total put value of 240,500,000 Combined total value = 240,500,000
Strike 25100 has a total call value of 0 versus a total put value of 216,450,000 Combined total value = 216,450,000
Strike 25200 has a total call value of 0 versus a total put value of 192,400,000 Combined total value = 192,400,000
Strike 25300 has a total call value of 0 versus a total put value of 168,350,000 Combined total value = 168,350,000
Strike 25400 has a total call value of 0 versus a total put value of 144,300,000 Combined total value = 144,300,000
Strike 25500 has a total call value of 0 versus a total put value of 120,250,000 Combined total value = 120,250,000
Strike 25600 has a total call value of 0 versus a total put value of 96,200,000 Combined total value = 96,200,000
Strike 25700 has a total call value of 0 versus a total put value of 72,150,000 Combined total value = 72,150,000
Strike 25800 has a total call value of 0 versus a total put value of 48,100,000 Combined total value = 48,100,000
Strike 25900 has a total call value of 0 versus a total put value of 24,050,000 Combined total value = 24,050,000
Strike 26000 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 26100 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Strike 26200 has a total call value of 650,000 versus a total put value of 0 Combined total value = 650,000
Strike 26300 has a total call value of 5,200,000 versus a total put value of 0 Combined total value = 5,200,000
Strike 26400 has a total call value of 9,750,000 versus a total put value of 0 Combined total value = 9,750,000
Strike 26500 has a total call value of 14,300,000 versus a total put value of 0 Combined total value = 14,300,000
Strike 26600 has a total call value of 18,850,000 versus a total put value of 0 Combined total value = 18,850,000
Strike 26700 has a total call value of 23,400,000 versus a total put value of 0 Combined total value = 23,400,000
Strike 26800 has a total call value of 27,950,000 versus a total put value of 0 Combined total value = 27,950,000
Strike 26900 has a total call value of 68,900,000 versus a total put value of 0 Combined total value = 68,900,000
Strike 27000 has a total call value of 109,850,000 versus a total put value of 0 Combined total value = 109,850,000
Strike 27100 has a total call value of 150,800,000 versus a total put value of 0 Combined total value = 150,800,000
Strike 27200 has a total call value of 191,750,000 versus a total put value of 0 Combined total value = 191,750,000
Strike 27300 has a total call value of 232,700,000 versus a total put value of 0 Combined total value = 232,700,000
Strike 27400 has a total call value of 273,650,000 versus a total put value of 0 Combined total value = 273,650,000
Strike 27500 has a total call value of 314,600,000 versus a total put value of 0 Combined total value = 314,600,000
Strike 27600 has a total call value of 355,550,000 versus a total put value of 0 Combined total value = 355,550,000
Strike 27700 has a total call value of 396,500,000 versus a total put value of 0 Combined total value = 396,500,000
Strike 27800 has a total call value of 437,450,000 versus a total put value of 0 Combined total value = 437,450,000
Strike 27900 has a total call value of 478,400,000 versus a total put value of 0 Combined total value = 478,400,000
Strike 28000 has a total call value of 519,350,000 versus a total put value of 0 Combined total value = 519,350,000
Strike 28100 has a total call value of 560,300,000 versus a total put value of 0 Combined total value = 560,300,000
Strike 28200 has a total call value of 601,250,000 versus a total put value of 0 Combined total value = 601,250,000
Strike 28300 has a total call value of 652,600,000 versus a total put value of 0 Combined total value = 652,600,000
Strike 28400 has a total call value of 703,950,000 versus a total put value of 0 Combined total value = 703,950,000
Strike 28500 has a total call value of 755,300,000 versus a total put value of 0 Combined total value = 755,300,000
Strike 28600 has a total call value of 806,650,000 versus a total put value of 0 Combined total value = 806,650,000
Strike 28700 has a total call value of 858,000,000 versus a total put value of 0 Combined total value = 858,000,000
Strike 28800 has a total call value of 909,350,000 versus a total put value of 0 Combined total value = 909,350,000
Strike 28900 has a total call value of 960,700,000 versus a total put value of 0 Combined total value = 960,700,000
Strike 29000 has a total call value of 1,012,050,000 versus a total put value of 0 Combined total value = 1,012,050,000
Strike 29100 has a total call value of 1,108,900,000 versus a total put value of 0 Combined total value = 1,108,900,000
Strike 29200 has a total call value of 1,205,750,000 versus a total put value of 0 Combined total value = 1,205,750,000
Strike 29300 has a total call value of 1,302,600,000 versus a total put value of 0 Combined total value = 1,302,600,000
Strike 29400 has a total call value of 1,399,450,000 versus a total put value of 0 Combined total value = 1,399,450,000
Strike 29500 has a total call value of 1,496,300,000 versus a total put value of 0 Combined total value = 1,496,300,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
360ONE | 1024 | 1100 |
ABB | 5183.3 | 5400 |
ABCAPITAL | 292.35 | 285 |
ADANIENSOL | 872.25 | 900 |
ADANIENT | 2505.9 | 2600 |
ADANIGREEN | 1026.85 | 1100 |
ADANIPORTS | 1403.5 | 1440 |
ALKEM | 5425 | 5500 |
AMBER | 8089 | 8400 |
AMBUJACEM | 569.95 | 600 |
ANGELONE | 2132.5 | 2200 |
APLAPOLLO | 1686.1 | 1700 |
APOLLOHOSP | 7409 | 7650 |
ASHOKLEY | 142.67 | 140 |
ASIANPAINT | 2350 | 2420 |
ASTRAL | 1366.4 | 1460 |
AUBANK | 731.4 | 740 |
AUROPHARMA | 1083.9 | 1100 |
AXISBANK | 1131.6 | 1140 |
BAJAJ-AUTO | 8678.5 | 9000 |
BAJAJFINSV | 2006.4 | 2020 |
BAJFINANCE | 998.9 | 1000 |
BANDHANBNK | 162.21 | 162.5 |
BANKBARODA | 258.54 | 250 |
BANKINDIA | 123.41 | 120 |
BDL | 1493.2 | 1600 |
BEL | 403.95 | 400 |
BHARATFORG | 1212.4 | 1220 |
BHARTIARTL | 1878.4 | 1920 |
BHEL | 238.45 | 240 |
BIOCON | 341 | 360 |
BLUESTARCO | 1881 | 1940 |
BOSCHLTD | 38145 | 39000 |
BPCL | 339.65 | 330 |
BRITANNIA | 5991 | 6000 |
BSE | 2040.2 | 2150 |
CAMS | 3758.6 | 4000 |
CANBK | 123.71 | 120 |
CDSL | 1458.6 | 1540 |
CGPOWER | 740.95 | 760 |
CHOLAFIN | 1610.8 | 1580 |
CIPLA | 1503.3 | 1520 |
COALINDIA | 389.95 | 400 |
COFORGE | 1591 | 1640 |
COLPAL | 2222.4 | 2340 |
CONCOR | 525.8 | 550 |
CROMPTON | 291.3 | 305 |
CUMMINSIND | 3926.5 | 4000 |
CYIENT | 1146.2 | 1200 |
DABUR | 491.3 | 510 |
DALBHARAT | 2227.2 | 2320 |
DELHIVERY | 450.05 | 460 |
DIVISLAB | 5689.5 | 6000 |
DIXON | 16322 | 18000 |
DLF | 713 | 740 |
DMART | 4475.4 | 4600 |
DRREDDY | 1223.7 | 1300 |
EICHERMOT | 7005.5 | 7000 |
ETERNAL | 325.5 | 320 |
EXIDEIND | 390.75 | 400 |
FEDERALBNK | 192.93 | 200 |
FORTIS | 969.8 | 930 |
GAIL | 176.29 | 180 |
GLENMARK | 1952.7 | 2000 |
GMRAIRPORT | 87.2 | 90 |
GODREJCP | 1166.9 | 1200 |
GODREJPROP | 1968.8 | 2000 |
GRASIM | 2756.9 | 2800 |
HAL | 4746.5 | 4800 |
HAVELLS | 1502 | 1560 |
HCLTECH | 1385.1 | 1440 |
HDFCAMC | 5532.5 | 5800 |
HDFCBANK | 951 | 960 |
HDFCLIFE | 756.45 | 770 |
HEROMOTOCO | 5472.5 | 5350 |
HFCL | 72.88 | 75 |
HINDALCO | 761.95 | 750 |
HINDPETRO | 443.4 | 420 |
HINDUNILVR | 2514.4 | 2600 |
HINDZINC | 482.45 | 460 |
HUDCO | 223.63 | 230 |
ICICIBANK | 1348 | 1400 |
ICICIGI | 1889.8 | 1900 |
ICICIPRULI | 595.2 | 600 |
IDEA | 8.13 | 8 |
IDFCFIRSTB | 69.77 | 71 |
IEX | 139.19 | 145 |
IGL | 208.54 | 210 |
IIFL | 451.9 | 450 |
INDHOTEL | 720.3 | 750 |
INDIANB | 750.7 | 710 |
INDIGO | 5594.5 | 5800 |
INDUSINDBK | 735.55 | 750 |
INDUSTOWER | 342.9 | 360 |
INFY | 1441.8 | 1500 |
INOXWIND | 140.24 | 145 |
IOC | 149.79 | 147.5 |
IRCTC | 700.4 | 730 |
IREDA | 148.7 | 155 |
IRFC | 123.51 | 130 |
ITC | 401.55 | 410 |
JINDALSTEL | 1063.75 | 1050 |
JIOFIN | 293.2 | 315 |
JSWENERGY | 530.85 | 530 |
JSWSTEEL | 1142.7 | 1120 |
JUBLFOOD | 617.4 | 630 |
KALYANKJIL | 454.3 | 480 |
KAYNES | 7052 | 7000 |
KEI | 4062.3 | 4150 |
KFINTECH | 1051.7 | 1100 |
KOTAKBANK | 1992.7 | 2040 |
KPITTECH | 1097.7 | 1260 |
LAURUSLABS | 841.8 | 880 |
LICHSGFIN | 565 | 590 |
LICI | 900.35 | 900 |
LODHA | 1135.8 | 1200 |
LT | 3659 | 3700 |
LTF | 249.28 | 240 |
LTIM | 5157.5 | 5200 |
LUPIN | 1911.3 | 2000 |
M&M | 3427 | 3500 |
MANAPPURAM | 280.8 | 280 |
MANKIND | 2435.7 | 2600 |
MARICO | 697.4 | 710 |
MARUTI | 16029 | 16000 |
MAXHEALTH | 1114.7 | 1160 |
MAZDOCK | 2761.5 | 3000 |
MCX | 7796 | 8000 |
MFSL | 1575.9 | 1600 |
MOTHERSON | 105.65 | 107.5 |
MPHASIS | 2654.8 | 2800 |
MUTHOOTFIN | 3077.1 | 3000 |
NATIONALUM | 213.87 | 210 |
NAUKRI | 1309.3 | 1400 |
NBCC | 107.08 | 110 |
NCC | 207.58 | 210 |
NESTLEIND | 1152.9 | 1190 |
NHPC | 86.32 | 85 |
NMDC | 76.35 | 78 |
NTPC | 340.45 | 345 |
NUVAMA | 6305 | 6200 |
NYKAA | 232.38 | 240 |
OBEROIRLTY | 1582.1 | 1640 |
OFSS | 8403 | 9000 |
OIL | 413.8 | 420 |
ONGC | 239.5 | 240 |
PAGEIND | 40685 | 43000 |
PATANJALI | 575.8 | 600 |
PAYTM | 1123.8 | 1180 |
PERSISTENT | 4822.5 | 5200 |
PETRONET | 278.8 | 280 |
PFC | 410.25 | 410 |
PGEL | 502.3 | 540 |
PHOENIXLTD | 1555.5 | 1600 |
PIDILITIND | 1468 | 1500 |
PIIND | 3513.5 | 3600 |
PNB | 112.83 | 110 |
PNBHOUSING | 863.6 | 860 |
POLICYBZR | 1702 | 1700 |
POLYCAB | 7286 | 7400 |
POWERGRID | 280.25 | 290 |
PPLPHARMA | 191.16 | 200 |
PRESTIGE | 1510.1 | 1560 |
RBLBANK | 277.25 | 270 |
RECLTD | 372.85 | 380 |
RELIANCE | 1364 | 1400 |
RVNL | 339.45 | 350 |
SAIL | 134.48 | 135 |
SAMMAANCAP | 160.86 | 140 |
SBICARD | 876.95 | 880 |
SBILIFE | 1790.6 | 1800 |
SBIN | 872.45 | 860 |
SHREECEM | 29265 | 30000 |
SHRIRAMFIN | 616.1 | 630 |
SIEMENS | 3129.2 | 3200 |
SILVER | 0 | 135000 |
SILVERM | 142300 | 137000 |
SOLARINDS | 13326 | 14250 |
SONACOMS | 411.75 | 420 |
SRF | 2823.6 | 2900 |
SUNPHARMA | 1594.3 | 1600 |
SUPREMEIND | 4219.6 | 4400 |
SUZLON | 55.05 | 57 |
SYNGENE | 622.85 | 640 |
TATACONSUM | 1129.3 | 1120 |
TATAELXSI | 5227 | 5500 |
TATAMOTORS | 680.2 | 700 |
TATAPOWER | 388.65 | 400 |
TATASTEEL | 168.77 | 170 |
TATATECH | 669.5 | 700 |
TCS | 2888.4 | 3000 |
TECHM | 1400.3 | 1500 |
TIINDIA | 3096.7 | 3200 |
TITAGARH | 872.85 | 900 |
TITAN | 3367 | 3400 |
TORNTPHARM | 3603.2 | 3550 |
TORNTPOWER | 1218.9 | 1300 |
TRENT | 4677.5 | 4900 |
TVSMOTOR | 3438.7 | 3400 |
ULTRACEMCO | 12222 | 12400 |
UNIONBANK | 138.51 | 140 |
UNITDSPR | 1324.3 | 1360 |
UNOMINDA | 1298.8 | 1300 |
UPL | 655.8 | 680 |
VBL | 443.7 | 460 |
VEDL | 465.8 | 460 |
VOLTAS | 1353.5 | 1380 |
WIPRO | 239.37 | 247.5 |
YESBANK | 21.25 | 21 |
ZYDUSLIFE | 981.9 | 1020 |
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.