MCX
Multi Commodity Exchange
Max pain for MCX
15 Oct 2025 01:01 AM IST
Max Pain for MCX is 8900
Strike 6200 has a total call value of 0 versus a total put value of 541,962,500,000 Combined total value = 541,962,500,000
Strike 6300 has a total call value of 0 versus a total put value of 516,806,250,000 Combined total value = 516,806,250,000
Strike 6400 has a total call value of 0 versus a total put value of 491,650,000,000 Combined total value = 491,650,000,000
Strike 6500 has a total call value of 0 versus a total put value of 466,697,500,000 Combined total value = 466,697,500,000
Strike 6600 has a total call value of 0 versus a total put value of 441,745,000,000 Combined total value = 441,745,000,000
Strike 6700 has a total call value of 0 versus a total put value of 416,792,500,000 Combined total value = 416,792,500,000
Strike 6800 has a total call value of 0 versus a total put value of 391,840,000,000 Combined total value = 391,840,000,000
Strike 6900 has a total call value of 0 versus a total put value of 366,887,500,000 Combined total value = 366,887,500,000
Strike 7000 has a total call value of 0 versus a total put value of 342,126,250,000 Combined total value = 342,126,250,000
Strike 7100 has a total call value of 0 versus a total put value of 318,003,750,000 Combined total value = 318,003,750,000
Strike 7200 has a total call value of 0 versus a total put value of 294,013,750,000 Combined total value = 294,013,750,000
Strike 7300 has a total call value of 0 versus a total put value of 270,260,000,000 Combined total value = 270,260,000,000
Strike 7400 has a total call value of 0 versus a total put value of 246,685,000,000 Combined total value = 246,685,000,000
Strike 7500 has a total call value of 0 versus a total put value of 223,471,250,000 Combined total value = 223,471,250,000
Strike 7600 has a total call value of 107,500,000 versus a total put value of 202,038,750,000 Combined total value = 202,146,250,000
Strike 7700 has a total call value of 215,000,000 versus a total put value of 180,902,500,000 Combined total value = 181,117,500,000
Strike 7800 has a total call value of 385,000,000 versus a total put value of 160,303,750,000 Combined total value = 160,688,750,000
Strike 7900 has a total call value of 835,000,000 versus a total put value of 140,823,750,000 Combined total value = 141,658,750,000
Strike 8000 has a total call value of 1,427,500,000 versus a total put value of 121,836,250,000 Combined total value = 123,263,750,000
Strike 8100 has a total call value of 2,697,500,000 versus a total put value of 105,687,500,000 Combined total value = 108,385,000,000
Strike 8200 has a total call value of 4,241,250,000 versus a total put value of 90,112,500,000 Combined total value = 94,353,750,000
Strike 8300 has a total call value of 6,291,250,000 versus a total put value of 76,025,000,000 Combined total value = 82,316,250,000
Strike 8400 has a total call value of 8,871,250,000 versus a total put value of 62,777,500,000 Combined total value = 71,648,750,000
Strike 8500 has a total call value of 11,801,250,000 versus a total put value of 51,141,250,000 Combined total value = 62,942,500,000
Strike 8600 has a total call value of 15,786,250,000 versus a total put value of 41,536,250,000 Combined total value = 57,322,500,000
Strike 8700 has a total call value of 20,396,250,000 versus a total put value of 33,037,500,000 Combined total value = 53,433,750,000
Strike 8800 has a total call value of 25,335,000,000 versus a total put value of 25,627,500,000 Combined total value = 50,962,500,000
Strike 8900 has a total call value of 31,082,500,000 versus a total put value of 19,522,500,000 Combined total value = 50,605,000,000
Strike 9000 has a total call value of 37,317,500,000 versus a total put value of 14,068,750,000 Combined total value = 51,386,250,000
Strike 9100 has a total call value of 46,258,750,000 versus a total put value of 10,307,500,000 Combined total value = 56,566,250,000
Strike 9200 has a total call value of 55,637,500,000 versus a total put value of 6,965,000,000 Combined total value = 62,602,500,000
Strike 9300 has a total call value of 66,142,500,000 versus a total put value of 4,378,750,000 Combined total value = 70,521,250,000
Strike 9400 has a total call value of 77,485,000,000 versus a total put value of 2,568,750,000 Combined total value = 80,053,750,000
Strike 9500 has a total call value of 90,450,000,000 versus a total put value of 1,548,750,000 Combined total value = 91,998,750,000
Strike 9600 has a total call value of 105,626,250,000 versus a total put value of 1,150,000,000 Combined total value = 106,776,250,000
Strike 9700 has a total call value of 121,751,250,000 versus a total put value of 851,250,000 Combined total value = 122,602,500,000
Strike 9800 has a total call value of 138,533,750,000 versus a total put value of 570,000,000 Combined total value = 139,103,750,000
Strike 9900 has a total call value of 157,162,500,000 versus a total put value of 303,750,000 Combined total value = 157,466,250,000
Strike 10000 has a total call value of 175,932,500,000 versus a total put value of 37,500,000 Combined total value = 175,970,000,000
Strike 10100 has a total call value of 198,493,750,000 versus a total put value of 21,250,000 Combined total value = 198,515,000,000
Strike 10200 has a total call value of 221,150,000,000 versus a total put value of 5,000,000 Combined total value = 221,155,000,000
Strike 10300 has a total call value of 245,320,000,000 versus a total put value of 3,750,000 Combined total value = 245,323,750,000
Strike 10400 has a total call value of 269,607,500,000 versus a total put value of 2,500,000 Combined total value = 269,610,000,000
Strike 10500 has a total call value of 294,296,250,000 versus a total put value of 1,250,000 Combined total value = 294,297,500,000
Strike 10600 has a total call value of 318,985,000,000 versus a total put value of 0 Combined total value = 318,985,000,000
Strike 10700 has a total call value of 343,673,750,000 versus a total put value of 0 Combined total value = 343,673,750,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
360ONE | 1001.8 | 1100 |
ABB | 5173.4 | 5200 |
ABCAPITAL | 278.9 | 295 |
ADANIENSOL | 879.2 | 920 |
ADANIENT | 2543.7 | 2550 |
ADANIGREEN | 1047.4 | 1060 |
ADANIPORTS | 1392 | 1420 |
ALKEM | 5433 | 5500 |
AMBER | 8162.5 | 8200 |
AMBUJACEM | 565.2 | 570 |
ANGELONE | 2136.4 | 2300 |
APLAPOLLO | 1660.1 | 1700 |
APOLLOHOSP | 7510 | 7700 |
ASHOKLEY | 141.93 | 138 |
ASIANPAINT | 2342.8 | 2360 |
ASTRAL | 1373.8 | 1420 |
AUBANK | 743.2 | 760 |
AUROPHARMA | 1090 | 1100 |
AXISBANK | 1154 | 1160 |
BAJAJ-AUTO | 8702 | 8900 |
BAJAJFINSV | 2003.2 | 2020 |
BAJFINANCE | 985.1 | 1020 |
BANDHANBNK | 155.02 | 165 |
BANKBARODA | 248.45 | 260 |
BANKINDIA | 116.33 | 125 |
BDL | 1497.8 | 1540 |
BEL | 395.9 | 410 |
BHARATFORG | 1181.1 | 1220 |
BHARTIARTL | 1916.6 | 1920 |
BHEL | 231.01 | 240 |
BIOCON | 338.9 | 350 |
BLUESTARCO | 1890.1 | 1920 |
BOSCHLTD | 38150 | 38000 |
BPCL | 324.35 | 340 |
BRITANNIA | 5920.5 | 5900 |
BSE | 2043.2 | 2400 |
CAMS | 3800 | 3850 |
CANBK | 118.08 | 125 |
CDSL | 1467.7 | 1580 |
CGPOWER | 739.4 | 750 |
CHOLAFIN | 1569.9 | 1620 |
CIPLA | 1499.4 | 1540 |
COALINDIA | 389.15 | 390 |
COFORGE | 1538.5 | 1680 |
COLPAL | 2224.3 | 2260 |
CONCOR | 524.8 | 540 |
CROMPTON | 292.6 | 290 |
CUMMINSIND | 3947.6 | 3950 |
CYIENT | 1134.1 | 1180 |
DABUR | 499.75 | 490 |
DALBHARAT | 2215.4 | 2220 |
DELHIVERY | 445.7 | 465 |
DIVISLAB | 5689.5 | 6400 |
DIXON | 17511 | 17000 |
DLF | 716.05 | 740 |
DMART | 4517.8 | 4300 |
DRREDDY | 1253.1 | 1260 |
EICHERMOT | 7047 | 6950 |
ETERNAL | 321 | 335 |
EXIDEIND | 388.8 | 400 |
FEDERALBNK | 191.82 | 207.5 |
FORTIS | 932.75 | 1050 |
GAIL | 172.02 | 180 |
GLENMARK | 1971.7 | 1940 |
GMRAIRPORT | 87.28 | 90 |
GODREJCP | 1163.9 | 1140 |
GODREJPROP | 1957.6 | 2050 |
GRASIM | 2746.8 | 2800 |
HAL | 4736.1 | 4800 |
HAVELLS | 1507.4 | 1500 |
HCLTECH | 1395.3 | 1500 |
HDFCAMC | 5621 | 5600 |
HDFCBANK | 945.05 | 970 |
HDFCLIFE | 764.4 | 760 |
HEROMOTOCO | 5328 | 5500 |
HFCL | 72.1 | 75 |
HINDALCO | 743.85 | 770 |
HINDPETRO | 422.25 | 440 |
HINDUNILVR | 2511.8 | 2520 |
HINDZINC | 449.1 | 500 |
HUDCO | 220.05 | 230 |
ICICIBANK | 1359.6 | 1380 |
ICICIGI | 1894 | 1880 |
ICICIPRULI | 585.5 | 600 |
IDEA | 8.02 | 9 |
IDFCFIRSTB | 68.59 | 72 |
IEX | 137.76 | 140 |
IGL | 202.26 | 215 |
IIFL | 419.35 | 480 |
INDHOTEL | 709.8 | 730 |
INDIANB | 706.35 | 750 |
INDIGO | 5561 | 5700 |
INDUSINDBK | 712.75 | 750 |
INDUSTOWER | 346.3 | 350 |
INFY | 1448.9 | 1480 |
INOXWIND | 137.46 | 147.5 |
IOC | 145.04 | 152.5 |
IRCTC | 703.1 | 715 |
IREDA | 146.28 | 152.5 |
IRFC | 121.91 | 126 |
ITC | 405.1 | 405 |
JINDALSTEL | 1029.5 | 1020 |
JIOFIN | 295.85 | 310 |
JSWENERGY | 520.1 | 540 |
JSWSTEEL | 1130.8 | 1150 |
JUBLFOOD | 606.9 | 600 |
KALYANKJIL | 455.8 | 480 |
KAYNES | 7341 | 7000 |
KEI | 4049.3 | 4300 |
KFINTECH | 1070.8 | 1100 |
KOTAKBANK | 1994.8 | 2100 |
KPITTECH | 1212.8 | 1160 |
LAURUSLABS | 832.3 | 870 |
LICHSGFIN | 564.95 | 580 |
LICI | 872.45 | 900 |
LODHA | 1141.1 | 1140 |
LT | 3729.5 | 3720 |
LTF | 236.29 | 260 |
LTIM | 5075 | 5350 |
LUPIN | 1919.8 | 1960 |
M&M | 3396.5 | 3450 |
MANAPPURAM | 276.9 | 285 |
MANKIND | 2482.9 | 2450 |
MARICO | 698.35 | 720 |
MARUTI | 16286 | 16100 |
MAXHEALTH | 1123.4 | 1140 |
MAZDOCK | 2827.6 | 2900 |
MCX | 7920.5 | 8900 |
MFSL | 1545.6 | 1600 |
MOTHERSON | 105.66 | 105 |
MPHASIS | 2642.4 | 2800 |
MUTHOOTFIN | 3020.3 | 3100 |
NATIONALUM | 200.58 | 225 |
NAUKRI | 1316.2 | 1340 |
NBCC | 105.18 | 110 |
NCC | 202.51 | 210 |
NESTLEIND | 1162.6 | 1180 |
NHPC | 83.64 | 86 |
NMDC | 74.99 | 77 |
NTPC | 337.9 | 340 |
NUVAMA | 6115 | 7000 |
NYKAA | 230.62 | 255 |
OBEROIRLTY | 1577.7 | 1600 |
OFSS | 8515 | 9000 |
OIL | 410.25 | 420 |
ONGC | 238.02 | 245 |
PAGEIND | 41240 | 41500 |
PATANJALI | 589 | 590 |
PAYTM | 1125.2 | 1200 |
PERSISTENT | 4951 | 5300 |
PETRONET | 266.9 | 285 |
PFC | 397.3 | 410 |
PGEL | 514.65 | 560 |
PHOENIXLTD | 1540.4 | 1620 |
PIDILITIND | 1474.8 | 1500 |
PIIND | 3487.6 | 3600 |
PNB | 107.79 | 115 |
PNBHOUSING | 864.1 | 860 |
POLICYBZR | 1677.1 | 1720 |
POLYCAB | 7322.5 | 7500 |
POWERGRID | 282.25 | 287.5 |
PPLPHARMA | 187.73 | 200 |
PRESTIGE | 1507.4 | 1600 |
RBLBANK | 272.35 | 270 |
RECLTD | 367.4 | 380 |
RELIANCE | 1377.6 | 1390 |
RVNL | 337.8 | 340 |
SAIL | 131.02 | 132.5 |
SAMMAANCAP | 137.82 | 160 |
SBICARD | 873.85 | 900 |
SBILIFE | 1798.8 | 1800 |
SBIN | 856.95 | 870 |
SHREECEM | 28910 | 29750 |
SHRIRAMFIN | 606.05 | 660 |
SIEMENS | 3096.3 | 3100 |
SILVER | 0 | 150000 |
SILVERM | 142014 | 151000 |
SOLARINDS | 13766 | 14000 |
SONACOMS | 407.1 | 440 |
SRF | 2806.9 | 3000 |
SUNPHARMA | 1586.7 | 1660 |
SUPREMEIND | 4234.2 | 4250 |
SUZLON | 55.28 | 56 |
SYNGENE | 609.45 | 640 |
TATACONSUM | 1119 | 1120 |
TATAELXSI | 5303 | 5400 |
TATAMOTORS | 672.9 | 410 |
TATAPOWER | 383.8 | 395 |
TATASTEEL | 167.4 | 172.5 |
TATATECH | 667.3 | 700 |
TCS | 2899.1 | 3000 |
TECHM | 1407.7 | 1460 |
TIINDIA | 3129.1 | 3150 |
TITAGARH | 879.25 | 900 |
TITAN | 3327.3 | 3500 |
TORNTPHARM | 3561 | 3550 |
TORNTPOWER | 1233.3 | 1260 |
TRENT | 4679 | 4700 |
TVSMOTOR | 3414.4 | 3500 |
ULTRACEMCO | 12070 | 12200 |
UNIONBANK | 134.08 | 140 |
UNITDSPR | 1297.4 | 1340 |
UNOMINDA | 1268.9 | 1260 |
UPL | 648 | 680 |
VBL | 444.75 | 450 |
VEDL | 447.95 | 475 |
VOLTAS | 1340.2 | 1380 |
WIPRO | 235.75 | 247.5 |
YESBANK | 20.97 | 23 |
ZYDUSLIFE | 975 | 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.