FINNIFTY
Nifty Financial Services
Max pain for FINNIFTY
17 Aug 2025 12:54 AM IST
Max Pain for FINNIFTY is 25500
Strike 24000 has a total call value of 0 versus a total put value of 56,550,000 Combined total value = 56,550,000
Strike 24100 has a total call value of 0 versus a total put value of 53,300,000 Combined total value = 53,300,000
Strike 24200 has a total call value of 0 versus a total put value of 50,050,000 Combined total value = 50,050,000
Strike 24300 has a total call value of 0 versus a total put value of 46,800,000 Combined total value = 46,800,000
Strike 24400 has a total call value of 0 versus a total put value of 43,550,000 Combined total value = 43,550,000
Strike 24500 has a total call value of 0 versus a total put value of 40,300,000 Combined total value = 40,300,000
Strike 24600 has a total call value of 0 versus a total put value of 37,050,000 Combined total value = 37,050,000
Strike 24700 has a total call value of 0 versus a total put value of 35,100,000 Combined total value = 35,100,000
Strike 24800 has a total call value of 0 versus a total put value of 33,150,000 Combined total value = 33,150,000
Strike 24900 has a total call value of 0 versus a total put value of 31,200,000 Combined total value = 31,200,000
Strike 25000 has a total call value of 0 versus a total put value of 29,250,000 Combined total value = 29,250,000
Strike 25100 has a total call value of 0 versus a total put value of 27,300,000 Combined total value = 27,300,000
Strike 25200 has a total call value of 0 versus a total put value of 25,350,000 Combined total value = 25,350,000
Strike 25300 has a total call value of 0 versus a total put value of 23,400,000 Combined total value = 23,400,000
Strike 25400 has a total call value of 0 versus a total put value of 21,450,000 Combined total value = 21,450,000
Strike 25500 has a total call value of 0 versus a total put value of 19,500,000 Combined total value = 19,500,000
Strike 25600 has a total call value of 4,550,000 versus a total put value of 17,550,000 Combined total value = 22,100,000
Strike 25700 has a total call value of 9,100,000 versus a total put value of 15,600,000 Combined total value = 24,700,000
Strike 25800 has a total call value of 13,650,000 versus a total put value of 13,650,000 Combined total value = 27,300,000
Strike 25900 has a total call value of 18,200,000 versus a total put value of 11,700,000 Combined total value = 29,900,000
Strike 26000 has a total call value of 22,750,000 versus a total put value of 9,750,000 Combined total value = 32,500,000
Strike 26100 has a total call value of 27,300,000 versus a total put value of 7,800,000 Combined total value = 35,100,000
Strike 26200 has a total call value of 31,850,000 versus a total put value of 5,850,000 Combined total value = 37,700,000
Strike 26300 has a total call value of 36,400,000 versus a total put value of 3,900,000 Combined total value = 40,300,000
Strike 26400 has a total call value of 40,950,000 versus a total put value of 1,950,000 Combined total value = 42,900,000
Strike 26500 has a total call value of 45,500,000 versus a total put value of 0 Combined total value = 45,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1032.8 | 940 |
| ABB | 5162.8 | 5100 |
| ABCAPITAL | 277.55 | 270 |
| ADANIENSOL | 758.35 | 800 |
| ADANIENT | 2278.8 | 2400 |
| ADANIGREEN | 929.15 | 900 |
| ADANIPORTS | 1328.2 | 1340 |
| ALKEM | 5301.5 | 5200 |
| AMBER | 7698 | 6400 |
| AMBUJACEM | 567.7 | 560 |
| ANGELONE | 2257.1 | 2600 |
| APLAPOLLO | 1672.9 | 1520 |
| APOLLOHOSP | 7900 | 7700 |
| ASHOKLEY | 128.01 | 120 |
| ASIANPAINT | 2568.6 | 2500 |
| ASTRAL | 1421.3 | 1300 |
| AUBANK | 696.25 | 780 |
| AUROPHARMA | 1036 | 1100 |
| AXISBANK | 1050.4 | 1080 |
| BAJAJ-AUTO | 9071 | 8300 |
| BAJAJFINSV | 2002.2 | 1900 |
| BAJFINANCE | 934.75 | 880 |
| BANDHANBNK | 162.48 | 165 |
| BANKBARODA | 233.94 | 245 |
| BANKINDIA | 112.14 | 115 |
| BDL | 1431.8 | 1600 |
| BEL | 372.5 | 390 |
| BHARATFORG | 1131.4 | 1200 |
| BHARTIARTL | 1880.4 | 1880 |
| BHEL | 211.09 | 225 |
| BIOCON | 356.85 | 360 |
| BLUESTARCO | 1944 | 1700 |
| BOSCHLTD | 40740 | 38000 |
| BPCL | 312.9 | 320 |
| BRITANNIA | 6083 | 5400 |
| BSE | 2219.5 | 2450 |
| CAMS | 3764.7 | 3800 |
| CANBK | 106.08 | 110 |
| CDSL | 1509.4 | 1600 |
| CGPOWER | 740.2 | 650 |
| CHOLAFIN | 1461.2 | 1500 |
| CIPLA | 1577.8 | 1540 |
| COALINDIA | 391.45 | 380 |
| COFORGE | 1692.5 | 1600 |
| COLPAL | 2464.6 | 2200 |
| CONCOR | 541.6 | 550 |
| CROMPTON | 327.85 | 320 |
| CUMMINSIND | 3935.6 | 3800 |
| CYIENT | 1183 | 1100 |
| DABUR | 552.7 | 500 |
| DALBHARAT | 2408.6 | 2600 |
| DELHIVERY | 470.65 | 460 |
| DIVISLAB | 6133.5 | 6400 |
| DIXON | 17852 | 16000 |
| DLF | 758.1 | 760 |
| DMART | 4829.3 | 4300 |
| DRREDDY | 1253 | 1200 |
| EICHERMOT | 6425 | 5700 |
| ETERNAL | 326.25 | 310 |
| EXIDEIND | 405.65 | 380 |
| FEDERALBNK | 189.9 | 200 |
| FORTIS | 949.8 | 900 |
| GAIL | 174.66 | 175 |
| GLENMARK | 1990.9 | 1760 |
| GMRAIRPORT | 86.55 | 90 |
| GODREJCP | 1245.3 | 1200 |
| GODREJPROP | 2002.8 | 2000 |
| GRASIM | 2809.8 | 2700 |
| HAL | 4436.9 | 4500 |
| HAVELLS | 1584.7 | 1500 |
| HCLTECH | 1443.3 | 1500 |
| HDFCAMC | 5569.5 | 5400 |
| HDFCBANK | 961.25 | 2000 |
| HDFCLIFE | 754.25 | 780 |
| HEROMOTOCO | 5351 | 4600 |
| HFCL | 69.99 | 70 |
| HINDALCO | 739.05 | 700 |
| HINDPETRO | 384.6 | 389.5 |
| HINDUNILVR | 2666.6 | 2500 |
| HINDZINC | 437.55 | 420 |
| HUDCO | 214.2 | 210 |
| ICICIBANK | 1405.5 | 1420 |
| ICICIGI | 1871.5 | 1880 |
| ICICIPRULI | 599.8 | 600 |
| IDEA | 6.61 | 7 |
| IDFCFIRSTB | 72.23 | 70 |
| IEX | 142.65 | 140 |
| IGL | 217.2 | 210 |
| IIFL | 432.25 | 400 |
| INDHOTEL | 774.75 | 760 |
| INDIANB | 664.2 | 600 |
| INDIGO | 5695 | 6000 |
| INDUSINDBK | 754.85 | 800 |
| INDUSTOWER | 324.05 | 340 |
| INFY | 1463 | 1460 |
| INOXWIND | 144.25 | 140 |
| IOC | 139.68 | 140 |
| IRCTC | 711.1 | 760 |
| IREDA | 144.01 | 150 |
| IRFC | 121.63 | 125 |
| ITC | 415.9 | 420 |
| JINDALSTEL | 1031.85 | 1000 |
| JIOFIN | 309.45 | 320 |
| JSWENERGY | 502.5 | 500 |
| JSWSTEEL | 1072.4 | 1030 |
| JUBLFOOD | 654.2 | 630 |
| KALYANKJIL | 501.9 | 520 |
| KAYNES | 6768 | 6000 |
| KEI | 4125.8 | 3600 |
| KFINTECH | 1058 | 900 |
| KOTAKBANK | 1949.7 | 2000 |
| KPITTECH | 1224.9 | 1340 |
| LAURUSLABS | 874.1 | 850 |
| LICHSGFIN | 554.3 | 580 |
| LICI | 878.1 | 900 |
| LODHA | 1192 | 1400 |
| LT | 3592.6 | 3650 |
| LTF | 227.85 | 200 |
| LTIM | 5210 | 5400 |
| LUPIN | 1939.2 | 1900 |
| M&M | 3481.5 | 3300 |
| MANAPPURAM | 284.1 | 260 |
| MANKIND | 2568.9 | 2500 |
| MARICO | 738.6 | 700 |
| MARUTI | 14662 | 12800 |
| MAXHEALTH | 1160.2 | 1240 |
| MAZDOCK | 2680.3 | 2700 |
| MCX | 7643.5 | 8000 |
| MFSL | 1566 | 1560 |
| MOTHERSON | 94.32 | 95 |
| MPHASIS | 2861.2 | 2600 |
| MUTHOOTFIN | 2826.3 | 2500 |
| NATIONALUM | 206.67 | 190 |
| NAUKRI | 1331.8 | 1360 |
| NBCC | 101.78 | 110 |
| NCC | 207.3 | 220 |
| NESTLEIND | 1212.6 | 1100 |
| NHPC | 78.09 | 85 |
| NMDC | 73.43 | 70 |
| NTPC | 330.05 | 350 |
| NYKAA | 239.53 | 215 |
| OBEROIRLTY | 1661.9 | 1400 |
| OFSS | 8293.5 | 8500 |
| OIL | 393.6 | 400 |
| ONGC | 235.72 | 235 |
| PAGEIND | 44665 | 42000 |
| PATANJALI | 1810.4 | 1800 |
| PAYTM | 1241.1 | 1160 |
| PERSISTENT | 5293.5 | 5000 |
| PETRONET | 274.4 | 280 |
| PFC | 390.05 | 420 |
| PGEL | 555 | 600 |
| PHOENIXLTD | 1501.1 | 1400 |
| PIDILITIND | 3119.1 | 3100 |
| PIIND | 3741.2 | 3800 |
| PNB | 103.42 | 108 |
| PNBHOUSING | 782.6 | 1000 |
| POLICYBZR | 1864.4 | 1800 |
| POLYCAB | 7257 | 6800 |
| POWERGRID | 281.8 | 290 |
| PPLPHARMA | 198.98 | 190 |
| PRESTIGE | 1554.2 | 1620 |
| RBLBANK | 265.8 | 230 |
| RECLTD | 364.3 | 390 |
| RELIANCE | 1359.3 | 1400 |
| RVNL | 326.95 | 320 |
| SAIL | 127.57 | 125 |
| SBICARD | 793.15 | 900 |
| SBILIFE | 1791.1 | 1840 |
| SBIN | 809.4 | 820 |
| SHREECEM | 29945 | 30000 |
| SHRIRAMFIN | 585.8 | 600 |
| SIEMENS | 3154.4 | 3100 |
| SOLARINDS | 14059 | 15000 |
| SONACOMS | 437.95 | 440 |
| SRF | 2889.9 | 2800 |
| SUNPHARMA | 1582.3 | 1600 |
| SUPREMEIND | 4589.9 | 4200 |
| SYNGENE | 656.8 | 660 |
| TATACHEM | 938.75 | 960 |
| TATACONSUM | 1071.1 | 1100 |
| TATAELXSI | 5428 | 7000 |
| TATAMOTORS | 687.5 | 680 |
| TATAPOWER | 382.6 | 385 |
| TATASTEEL | 166.81 | 160 |
| TATATECH | 676.05 | 700 |
| TCS | 3095.7 | 3000 |
| TECHM | 1500.4 | 1500 |
| TIINDIA | 2996.9 | 3000 |
| TITAGARH | 837.25 | 780 |
| TITAN | 3691.1 | 3400 |
| TORNTPHARM | 3599.3 | 3700 |
| TORNTPOWER | 1294.9 | 1240 |
| TRENT | 5529 | 5400 |
| TVSMOTOR | 3433.2 | 3000 |
| ULTRACEMCO | 12651 | 11600 |
| UNIONBANK | 126.83 | 135 |
| UNITDSPR | 1321.5 | 1400 |
| UNOMINDA | 1278.7 | 1100 |
| UPL | 695.4 | 700 |
| VBL | 489.5 | 500 |
| VEDL | 435.7 | 440 |
| VOLTAS | 1402.6 | 1300 |
| WIPRO | 244.97 | 245 |
| YESBANK | 20.29 | 20 |
| ZYDUSLIFE | 1011.95 | 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.
