MIDCPNIFTY
Nifty Midcap Select
Max pain for MIDCPNIFTY
28 Sep 2025 10:09 PM IST
Max Pain for MIDCPNIFTY is 12900
Strike 11000 has a total call value of 0 versus a total put value of 126,123,900,000 Combined total value = 126,123,900,000
Strike 11025 has a total call value of 350,000 versus a total put value of 123,974,200,000 Combined total value = 123,974,550,000
Strike 11050 has a total call value of 700,000 versus a total put value of 121,824,500,000 Combined total value = 121,825,200,000
Strike 11075 has a total call value of 1,050,000 versus a total put value of 119,674,800,000 Combined total value = 119,675,850,000
Strike 11100 has a total call value of 1,400,000 versus a total put value of 117,525,100,000 Combined total value = 117,526,500,000
Strike 11125 has a total call value of 1,750,000 versus a total put value of 115,375,400,000 Combined total value = 115,377,150,000
Strike 11150 has a total call value of 2,100,000 versus a total put value of 113,225,700,000 Combined total value = 113,227,800,000
Strike 11175 has a total call value of 2,450,000 versus a total put value of 111,076,000,000 Combined total value = 111,078,450,000
Strike 11200 has a total call value of 2,800,000 versus a total put value of 108,926,300,000 Combined total value = 108,929,100,000
Strike 11225 has a total call value of 3,150,000 versus a total put value of 106,776,600,000 Combined total value = 106,779,750,000
Strike 11250 has a total call value of 3,500,000 versus a total put value of 104,626,900,000 Combined total value = 104,630,400,000
Strike 11275 has a total call value of 3,850,000 versus a total put value of 102,477,200,000 Combined total value = 102,481,050,000
Strike 11300 has a total call value of 4,200,000 versus a total put value of 100,327,500,000 Combined total value = 100,331,700,000
Strike 11325 has a total call value of 4,550,000 versus a total put value of 98,177,800,000 Combined total value = 98,182,350,000
Strike 11350 has a total call value of 4,900,000 versus a total put value of 96,028,100,000 Combined total value = 96,033,000,000
Strike 11375 has a total call value of 5,250,000 versus a total put value of 93,878,400,000 Combined total value = 93,883,650,000
Strike 11400 has a total call value of 5,600,000 versus a total put value of 91,728,700,000 Combined total value = 91,734,300,000
Strike 11425 has a total call value of 5,950,000 versus a total put value of 89,584,250,000 Combined total value = 89,590,200,000
Strike 11450 has a total call value of 6,300,000 versus a total put value of 87,439,800,000 Combined total value = 87,446,100,000
Strike 11475 has a total call value of 6,650,000 versus a total put value of 85,295,350,000 Combined total value = 85,302,000,000
Strike 11500 has a total call value of 7,000,000 versus a total put value of 83,150,900,000 Combined total value = 83,157,900,000
Strike 11525 has a total call value of 7,350,000 versus a total put value of 81,098,850,000 Combined total value = 81,106,200,000
Strike 11550 has a total call value of 7,700,000 versus a total put value of 79,046,800,000 Combined total value = 79,054,500,000
Strike 11575 has a total call value of 8,050,000 versus a total put value of 76,994,750,000 Combined total value = 77,002,800,000
Strike 11600 has a total call value of 8,400,000 versus a total put value of 74,942,700,000 Combined total value = 74,951,100,000
Strike 11625 has a total call value of 8,750,000 versus a total put value of 72,890,650,000 Combined total value = 72,899,400,000
Strike 11650 has a total call value of 9,100,000 versus a total put value of 70,838,600,000 Combined total value = 70,847,700,000
Strike 11675 has a total call value of 9,450,000 versus a total put value of 68,786,550,000 Combined total value = 68,796,000,000
Strike 11700 has a total call value of 9,800,000 versus a total put value of 66,734,500,000 Combined total value = 66,744,300,000
Strike 11725 has a total call value of 10,150,000 versus a total put value of 64,682,450,000 Combined total value = 64,692,600,000
Strike 11750 has a total call value of 10,500,000 versus a total put value of 62,630,400,000 Combined total value = 62,640,900,000
Strike 11775 has a total call value of 10,850,000 versus a total put value of 60,578,350,000 Combined total value = 60,589,200,000
Strike 11800 has a total call value of 11,200,000 versus a total put value of 58,526,300,000 Combined total value = 58,537,500,000
Strike 11825 has a total call value of 11,550,000 versus a total put value of 56,474,250,000 Combined total value = 56,485,800,000
Strike 11850 has a total call value of 11,900,000 versus a total put value of 54,422,200,000 Combined total value = 54,434,100,000
Strike 11875 has a total call value of 12,250,000 versus a total put value of 52,370,150,000 Combined total value = 52,382,400,000
Strike 11900 has a total call value of 12,600,000 versus a total put value of 50,318,100,000 Combined total value = 50,330,700,000
Strike 11925 has a total call value of 12,950,000 versus a total put value of 48,266,050,000 Combined total value = 48,279,000,000
Strike 11950 has a total call value of 13,300,000 versus a total put value of 46,214,000,000 Combined total value = 46,227,300,000
Strike 11975 has a total call value of 13,650,000 versus a total put value of 44,161,950,000 Combined total value = 44,175,600,000
Strike 12000 has a total call value of 14,000,000 versus a total put value of 42,109,900,000 Combined total value = 42,123,900,000
Strike 12025 has a total call value of 65,100,000 versus a total put value of 40,706,750,000 Combined total value = 40,771,850,000
Strike 12050 has a total call value of 116,200,000 versus a total put value of 39,303,600,000 Combined total value = 39,419,800,000
Strike 12075 has a total call value of 167,300,000 versus a total put value of 37,900,450,000 Combined total value = 38,067,750,000
Strike 12100 has a total call value of 218,400,000 versus a total put value of 36,497,300,000 Combined total value = 36,715,700,000
Strike 12125 has a total call value of 269,500,000 versus a total put value of 35,108,850,000 Combined total value = 35,378,350,000
Strike 12150 has a total call value of 320,600,000 versus a total put value of 33,720,400,000 Combined total value = 34,041,000,000
Strike 12175 has a total call value of 371,700,000 versus a total put value of 32,331,950,000 Combined total value = 32,703,650,000
Strike 12200 has a total call value of 422,800,000 versus a total put value of 30,943,500,000 Combined total value = 31,366,300,000
Strike 12225 has a total call value of 473,900,000 versus a total put value of 29,555,050,000 Combined total value = 30,028,950,000
Strike 12250 has a total call value of 525,000,000 versus a total put value of 28,166,600,000 Combined total value = 28,691,600,000
Strike 12275 has a total call value of 576,100,000 versus a total put value of 26,778,150,000 Combined total value = 27,354,250,000
Strike 12300 has a total call value of 627,200,000 versus a total put value of 25,389,700,000 Combined total value = 26,016,900,000
Strike 12325 has a total call value of 678,300,000 versus a total put value of 24,001,250,000 Combined total value = 24,679,550,000
Strike 12350 has a total call value of 729,400,000 versus a total put value of 22,612,800,000 Combined total value = 23,342,200,000
Strike 12375 has a total call value of 780,500,000 versus a total put value of 21,224,350,000 Combined total value = 22,004,850,000
Strike 12400 has a total call value of 831,600,000 versus a total put value of 19,835,900,000 Combined total value = 20,667,500,000
Strike 12425 has a total call value of 882,700,000 versus a total put value of 18,518,500,000 Combined total value = 19,401,200,000
Strike 12450 has a total call value of 933,800,000 versus a total put value of 17,203,200,000 Combined total value = 18,137,000,000
Strike 12475 has a total call value of 984,900,000 versus a total put value of 15,887,900,000 Combined total value = 16,872,800,000
Strike 12500 has a total call value of 1,036,000,000 versus a total put value of 14,572,600,000 Combined total value = 15,608,600,000
Strike 12525 has a total call value of 1,200,150,000 versus a total put value of 13,752,550,000 Combined total value = 14,952,700,000
Strike 12550 has a total call value of 1,364,300,000 versus a total put value of 12,936,000,000 Combined total value = 14,300,300,000
Strike 12575 has a total call value of 1,529,150,000 versus a total put value of 12,126,800,000 Combined total value = 13,655,950,000
Strike 12600 has a total call value of 1,694,000,000 versus a total put value of 11,318,300,000 Combined total value = 13,012,300,000
Strike 12625 has a total call value of 1,919,400,000 versus a total put value of 10,602,900,000 Combined total value = 12,522,300,000
Strike 12650 has a total call value of 2,144,800,000 versus a total put value of 9,888,200,000 Combined total value = 12,033,000,000
Strike 12675 has a total call value of 2,371,600,000 versus a total put value of 9,173,500,000 Combined total value = 11,545,100,000
Strike 12700 has a total call value of 2,598,400,000 versus a total put value of 8,458,800,000 Combined total value = 11,057,200,000
Strike 12725 has a total call value of 2,965,900,000 versus a total put value of 7,816,900,000 Combined total value = 10,782,800,000
Strike 12750 has a total call value of 3,334,800,000 versus a total put value of 7,175,000,000 Combined total value = 10,509,800,000
Strike 12775 has a total call value of 3,709,650,000 versus a total put value of 6,533,800,000 Combined total value = 10,243,450,000
Strike 12800 has a total call value of 4,084,500,000 versus a total put value of 5,893,300,000 Combined total value = 9,977,800,000
Strike 12825 has a total call value of 4,604,950,000 versus a total put value of 5,331,900,000 Combined total value = 9,936,850,000
Strike 12850 has a total call value of 5,125,400,000 versus a total put value of 4,770,500,000 Combined total value = 9,895,900,000
Strike 12875 has a total call value of 5,646,900,000 versus a total put value of 4,209,100,000 Combined total value = 9,856,000,000
Strike 12900 has a total call value of 6,168,400,000 versus a total put value of 3,647,700,000 Combined total value = 9,816,100,000
Strike 12925 has a total call value of 6,857,900,000 versus a total put value of 3,135,300,000 Combined total value = 9,993,200,000
Strike 12950 has a total call value of 7,547,400,000 versus a total put value of 2,622,900,000 Combined total value = 10,170,300,000
Strike 12975 has a total call value of 8,236,900,000 versus a total put value of 2,110,500,000 Combined total value = 10,347,400,000
Strike 13000 has a total call value of 8,926,400,000 versus a total put value of 1,603,000,000 Combined total value = 10,529,400,000
Strike 13025 has a total call value of 10,026,450,000 versus a total put value of 1,459,850,000 Combined total value = 11,486,300,000
Strike 13050 has a total call value of 11,126,500,000 versus a total put value of 1,318,100,000 Combined total value = 12,444,600,000
Strike 13075 has a total call value of 12,239,500,000 versus a total put value of 1,177,750,000 Combined total value = 13,417,250,000
Strike 13100 has a total call value of 13,352,500,000 versus a total put value of 1,037,400,000 Combined total value = 14,389,900,000
Strike 13125 has a total call value of 14,577,150,000 versus a total put value of 929,950,000 Combined total value = 15,507,100,000
Strike 13150 has a total call value of 15,801,800,000 versus a total put value of 822,500,000 Combined total value = 16,624,300,000
Strike 13175 has a total call value of 17,045,700,000 versus a total put value of 715,400,000 Combined total value = 17,761,100,000
Strike 13200 has a total call value of 18,289,600,000 versus a total put value of 609,000,000 Combined total value = 18,898,600,000
Strike 13225 has a total call value of 19,690,650,000 versus a total put value of 545,650,000 Combined total value = 20,236,300,000
Strike 13250 has a total call value of 21,091,700,000 versus a total put value of 482,300,000 Combined total value = 21,574,000,000
Strike 13275 has a total call value of 22,492,750,000 versus a total put value of 418,950,000 Combined total value = 22,911,700,000
Strike 13300 has a total call value of 23,893,800,000 versus a total put value of 355,600,000 Combined total value = 24,249,400,000
Strike 13325 has a total call value of 25,439,750,000 versus a total put value of 313,600,000 Combined total value = 25,753,350,000
Strike 13350 has a total call value of 26,985,700,000 versus a total put value of 271,600,000 Combined total value = 27,257,300,000
Strike 13375 has a total call value of 28,531,650,000 versus a total put value of 229,600,000 Combined total value = 28,761,250,000
Strike 13400 has a total call value of 30,077,600,000 versus a total put value of 187,600,000 Combined total value = 30,265,200,000
Strike 13425 has a total call value of 31,721,550,000 versus a total put value of 145,950,000 Combined total value = 31,867,500,000
Strike 13450 has a total call value of 33,365,500,000 versus a total put value of 104,300,000 Combined total value = 33,469,800,000
Strike 13475 has a total call value of 35,009,450,000 versus a total put value of 62,650,000 Combined total value = 35,072,100,000
Strike 13500 has a total call value of 36,653,400,000 versus a total put value of 21,000,000 Combined total value = 36,674,400,000
Strike 13525 has a total call value of 38,375,050,000 versus a total put value of 19,950,000 Combined total value = 38,395,000,000
Strike 13550 has a total call value of 40,096,700,000 versus a total put value of 18,900,000 Combined total value = 40,115,600,000
Strike 13575 has a total call value of 41,818,350,000 versus a total put value of 17,850,000 Combined total value = 41,836,200,000
Strike 13600 has a total call value of 43,551,550,000 versus a total put value of 16,800,000 Combined total value = 43,568,350,000
Strike 13625 has a total call value of 45,284,750,000 versus a total put value of 15,750,000 Combined total value = 45,300,500,000
Strike 13650 has a total call value of 47,017,950,000 versus a total put value of 14,700,000 Combined total value = 47,032,650,000
Strike 13675 has a total call value of 48,751,150,000 versus a total put value of 13,650,000 Combined total value = 48,764,800,000
Strike 13700 has a total call value of 50,484,350,000 versus a total put value of 12,600,000 Combined total value = 50,496,950,000
Strike 13725 has a total call value of 52,217,550,000 versus a total put value of 11,550,000 Combined total value = 52,229,100,000
Strike 13750 has a total call value of 53,950,750,000 versus a total put value of 10,500,000 Combined total value = 53,961,250,000
Strike 13775 has a total call value of 55,683,950,000 versus a total put value of 9,450,000 Combined total value = 55,693,400,000
Strike 13800 has a total call value of 57,417,150,000 versus a total put value of 8,400,000 Combined total value = 57,425,550,000
Strike 13825 has a total call value of 59,150,350,000 versus a total put value of 7,350,000 Combined total value = 59,157,700,000
Strike 13850 has a total call value of 60,883,550,000 versus a total put value of 6,300,000 Combined total value = 60,889,850,000
Strike 13875 has a total call value of 62,616,750,000 versus a total put value of 5,250,000 Combined total value = 62,622,000,000
Strike 13900 has a total call value of 64,349,950,000 versus a total put value of 4,200,000 Combined total value = 64,354,150,000
Strike 13925 has a total call value of 66,083,150,000 versus a total put value of 3,150,000 Combined total value = 66,086,300,000
Strike 13950 has a total call value of 67,816,350,000 versus a total put value of 2,100,000 Combined total value = 67,818,450,000
Strike 13975 has a total call value of 69,549,550,000 versus a total put value of 1,050,000 Combined total value = 69,550,600,000
Strike 14000 has a total call value of 71,282,750,000 versus a total put value of 0 Combined total value = 71,282,750,000
Strike 14025 has a total call value of 73,237,500,000 versus a total put value of 0 Combined total value = 73,237,500,000
Strike 14050 has a total call value of 75,192,250,000 versus a total put value of 0 Combined total value = 75,192,250,000
Strike 14075 has a total call value of 77,147,000,000 versus a total put value of 0 Combined total value = 77,147,000,000
Strike 14100 has a total call value of 79,101,750,000 versus a total put value of 0 Combined total value = 79,101,750,000
Strike 14125 has a total call value of 81,056,500,000 versus a total put value of 0 Combined total value = 81,056,500,000
Strike 14150 has a total call value of 83,011,250,000 versus a total put value of 0 Combined total value = 83,011,250,000
Strike 14175 has a total call value of 84,966,000,000 versus a total put value of 0 Combined total value = 84,966,000,000
Strike 14200 has a total call value of 86,920,750,000 versus a total put value of 0 Combined total value = 86,920,750,000
Strike 14225 has a total call value of 88,875,500,000 versus a total put value of 0 Combined total value = 88,875,500,000
Strike 14250 has a total call value of 90,830,250,000 versus a total put value of 0 Combined total value = 90,830,250,000
Strike 14275 has a total call value of 92,785,000,000 versus a total put value of 0 Combined total value = 92,785,000,000
Strike 14300 has a total call value of 94,739,750,000 versus a total put value of 0 Combined total value = 94,739,750,000
Strike 14325 has a total call value of 96,694,500,000 versus a total put value of 0 Combined total value = 96,694,500,000
Strike 14350 has a total call value of 98,649,250,000 versus a total put value of 0 Combined total value = 98,649,250,000
Strike 14375 has a total call value of 100,604,000,000 versus a total put value of 0 Combined total value = 100,604,000,000
Strike 14400 has a total call value of 102,558,750,000 versus a total put value of 0 Combined total value = 102,558,750,000
Strike 14425 has a total call value of 104,513,500,000 versus a total put value of 0 Combined total value = 104,513,500,000
Strike 14450 has a total call value of 106,468,250,000 versus a total put value of 0 Combined total value = 106,468,250,000
Strike 14475 has a total call value of 108,423,000,000 versus a total put value of 0 Combined total value = 108,423,000,000
Strike 14500 has a total call value of 110,377,750,000 versus a total put value of 0 Combined total value = 110,377,750,000
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.
