NIFTY
Nifty
Max pain for NIFTY
15 Oct 2025 01:11 AM IST
Max Pain for NIFTY is 25200
Strike 22850 has a total call value of 0 versus a total put value of 10,031,338,125,000 Combined total value = 10,031,338,125,000
Strike 22900 has a total call value of 23,250,000 versus a total put value of 9,738,544,125,000 Combined total value = 9,738,567,375,000
Strike 22950 has a total call value of 46,500,000 versus a total put value of 9,446,770,125,000 Combined total value = 9,446,816,625,000
Strike 23000 has a total call value of 69,750,000 versus a total put value of 9,155,110,500,000 Combined total value = 9,155,180,250,000
Strike 23050 has a total call value of 172,500,000 versus a total put value of 8,871,854,625,000 Combined total value = 8,872,027,125,000
Strike 23100 has a total call value of 275,250,000 versus a total put value of 8,588,663,625,000 Combined total value = 8,588,938,875,000
Strike 23150 has a total call value of 378,000,000 versus a total put value of 8,305,632,375,000 Combined total value = 8,306,010,375,000
Strike 23200 has a total call value of 480,750,000 versus a total put value of 8,022,716,625,000 Combined total value = 8,023,197,375,000
Strike 23250 has a total call value of 583,500,000 versus a total put value of 7,741,410,000,000 Combined total value = 7,741,993,500,000
Strike 23300 has a total call value of 686,250,000 versus a total put value of 7,460,164,875,000 Combined total value = 7,460,851,125,000
Strike 23350 has a total call value of 789,000,000 versus a total put value of 7,179,604,500,000 Combined total value = 7,180,393,500,000
Strike 23400 has a total call value of 891,750,000 versus a total put value of 6,899,121,375,000 Combined total value = 6,900,013,125,000
Strike 23450 has a total call value of 994,500,000 versus a total put value of 6,619,326,750,000 Combined total value = 6,620,321,250,000
Strike 23500 has a total call value of 1,097,250,000 versus a total put value of 6,339,629,250,000 Combined total value = 6,340,726,500,000
Strike 23550 has a total call value of 1,289,250,000 versus a total put value of 6,069,180,000,000 Combined total value = 6,070,469,250,000
Strike 23600 has a total call value of 1,481,250,000 versus a total put value of 5,798,850,750,000 Combined total value = 5,800,332,000,000
Strike 23650 has a total call value of 1,674,750,000 versus a total put value of 5,530,227,750,000 Combined total value = 5,531,902,500,000
Strike 23700 has a total call value of 1,869,750,000 versus a total put value of 5,261,866,875,000 Combined total value = 5,263,736,625,000
Strike 23750 has a total call value of 2,069,625,000 versus a total put value of 4,998,188,250,000 Combined total value = 5,000,257,875,000
Strike 23800 has a total call value of 2,269,500,000 versus a total put value of 4,735,123,875,000 Combined total value = 4,737,393,375,000
Strike 23850 has a total call value of 2,487,000,000 versus a total put value of 4,478,286,000,000 Combined total value = 4,480,773,000,000
Strike 23900 has a total call value of 2,705,625,000 versus a total put value of 4,222,230,375,000 Combined total value = 4,224,936,000,000
Strike 23950 has a total call value of 2,941,875,000 versus a total put value of 3,969,769,500,000 Combined total value = 3,972,711,375,000
Strike 24000 has a total call value of 3,178,125,000 versus a total put value of 3,718,155,750,000 Combined total value = 3,721,333,875,000
Strike 24050 has a total call value of 3,900,375,000 versus a total put value of 3,491,833,875,000 Combined total value = 3,495,734,250,000
Strike 24100 has a total call value of 4,626,375,000 versus a total put value of 3,266,461,875,000 Combined total value = 3,271,088,250,000
Strike 24150 has a total call value of 5,370,000,000 versus a total put value of 3,045,494,250,000 Combined total value = 3,050,864,250,000
Strike 24200 has a total call value of 6,114,750,000 versus a total put value of 2,825,529,000,000 Combined total value = 2,831,643,750,000
Strike 24250 has a total call value of 6,911,250,000 versus a total put value of 2,613,707,625,000 Combined total value = 2,620,618,875,000
Strike 24300 has a total call value of 7,714,875,000 versus a total put value of 2,403,811,875,000 Combined total value = 2,411,526,750,000
Strike 24350 has a total call value of 8,591,625,000 versus a total put value of 2,203,731,750,000 Combined total value = 2,212,323,375,000
Strike 24400 has a total call value of 9,474,000,000 versus a total put value of 2,007,274,500,000 Combined total value = 2,016,748,500,000
Strike 24450 has a total call value of 10,529,250,000 versus a total put value of 1,823,037,750,000 Combined total value = 1,833,567,000,000
Strike 24500 has a total call value of 11,595,750,000 versus a total put value of 1,641,156,375,000 Combined total value = 1,652,752,125,000
Strike 24550 has a total call value of 13,519,500,000 versus a total put value of 1,477,737,750,000 Combined total value = 1,491,257,250,000
Strike 24600 has a total call value of 15,465,750,000 versus a total put value of 1,317,868,500,000 Combined total value = 1,333,334,250,000
Strike 24650 has a total call value of 18,027,000,000 versus a total put value of 1,166,841,000,000 Combined total value = 1,184,868,000,000
Strike 24700 has a total call value of 20,653,500,000 versus a total put value of 1,019,574,000,000 Combined total value = 1,040,227,500,000
Strike 24750 has a total call value of 24,048,000,000 versus a total put value of 883,493,625,000 Combined total value = 907,541,625,000
Strike 24800 has a total call value of 27,647,625,000 versus a total put value of 753,046,500,000 Combined total value = 780,694,125,000
Strike 24850 has a total call value of 32,494,875,000 versus a total put value of 638,269,125,000 Combined total value = 670,764,000,000
Strike 24900 has a total call value of 37,617,375,000 versus a total put value of 529,745,250,000 Combined total value = 567,362,625,000
Strike 24950 has a total call value of 44,907,750,000 versus a total put value of 433,354,875,000 Combined total value = 478,262,625,000
Strike 25000 has a total call value of 52,560,000,000 versus a total put value of 341,354,625,000 Combined total value = 393,914,625,000
Strike 25050 has a total call value of 67,525,125,000 versus a total put value of 268,866,375,000 Combined total value = 336,391,500,000
Strike 25100 has a total call value of 83,535,375,000 versus a total put value of 200,881,500,000 Combined total value = 284,416,875,000
Strike 25150 has a total call value of 109,267,875,000 versus a total put value of 147,727,875,000 Combined total value = 256,995,750,000
Strike 25200 has a total call value of 143,895,000,000 versus a total put value of 102,862,875,000 Combined total value = 246,757,875,000
Strike 25250 has a total call value of 210,117,750,000 versus a total put value of 76,419,375,000 Combined total value = 286,537,125,000
Strike 25300 has a total call value of 289,524,000,000 versus a total put value of 53,616,375,000 Combined total value = 343,140,375,000
Strike 25350 has a total call value of 397,963,875,000 versus a total put value of 41,610,375,000 Combined total value = 439,574,250,000
Strike 25400 has a total call value of 516,715,875,000 versus a total put value of 30,632,250,000 Combined total value = 547,348,125,000
Strike 25450 has a total call value of 658,353,000,000 versus a total put value of 23,374,125,000 Combined total value = 681,727,125,000
Strike 25500 has a total call value of 809,274,750,000 versus a total put value of 16,483,500,000 Combined total value = 825,758,250,000
Strike 25550 has a total call value of 991,108,500,000 versus a total put value of 13,265,625,000 Combined total value = 1,004,374,125,000
Strike 25600 has a total call value of 1,180,921,125,000 versus a total put value of 10,252,125,000 Combined total value = 1,191,173,250,000
Strike 25650 has a total call value of 1,386,931,125,000 versus a total put value of 8,310,375,000 Combined total value = 1,395,241,500,000
Strike 25700 has a total call value of 1,602,153,000,000 versus a total put value of 6,471,000,000 Combined total value = 1,608,624,000,000
Strike 25750 has a total call value of 1,833,757,500,000 versus a total put value of 5,499,375,000 Combined total value = 1,839,256,875,000
Strike 25800 has a total call value of 2,072,800,500,000 versus a total put value of 4,547,625,000 Combined total value = 2,077,348,125,000
Strike 25850 has a total call value of 2,330,323,875,000 versus a total put value of 3,709,500,000 Combined total value = 2,334,033,375,000
Strike 25900 has a total call value of 2,594,429,625,000 versus a total put value of 2,880,000,000 Combined total value = 2,597,309,625,000
Strike 25950 has a total call value of 2,870,740,500,000 versus a total put value of 2,164,125,000 Combined total value = 2,872,904,625,000
Strike 26000 has a total call value of 3,151,758,750,000 versus a total put value of 1,454,625,000 Combined total value = 3,153,213,375,000
Strike 26050 has a total call value of 3,467,359,125,000 versus a total put value of 1,296,375,000 Combined total value = 3,468,655,500,000
Strike 26100 has a total call value of 3,786,145,500,000 versus a total put value of 1,138,125,000 Combined total value = 3,787,283,625,000
Strike 26150 has a total call value of 4,118,976,000,000 versus a total put value of 1,022,250,000 Combined total value = 4,119,998,250,000
Strike 26200 has a total call value of 4,454,525,250,000 versus a total put value of 906,375,000 Combined total value = 4,455,431,625,000
Strike 26250 has a total call value of 4,804,211,250,000 versus a total put value of 825,750,000 Combined total value = 4,805,037,000,000
Strike 26300 has a total call value of 5,156,831,625,000 versus a total put value of 745,125,000 Combined total value = 5,157,576,750,000
Strike 26350 has a total call value of 5,520,752,250,000 versus a total put value of 682,875,000 Combined total value = 5,521,435,125,000
Strike 26400 has a total call value of 5,886,740,625,000 versus a total put value of 620,625,000 Combined total value = 5,887,361,250,000
Strike 26450 has a total call value of 6,258,153,375,000 versus a total put value of 566,250,000 Combined total value = 6,258,719,625,000
Strike 26500 has a total call value of 6,630,096,000,000 versus a total put value of 511,875,000 Combined total value = 6,630,607,875,000
Strike 26550 has a total call value of 7,036,594,875,000 versus a total put value of 471,750,000 Combined total value = 7,037,066,625,000
Strike 26600 has a total call value of 7,443,324,750,000 versus a total put value of 431,625,000 Combined total value = 7,443,756,375,000
Strike 26650 has a total call value of 7,854,611,625,000 versus a total put value of 391,500,000 Combined total value = 7,855,003,125,000
Strike 26700 has a total call value of 8,266,088,625,000 versus a total put value of 351,750,000 Combined total value = 8,266,440,375,000
Strike 26750 has a total call value of 8,683,041,750,000 versus a total put value of 312,000,000 Combined total value = 8,683,353,750,000
Strike 26800 has a total call value of 9,100,149,000,000 versus a total put value of 272,250,000 Combined total value = 9,100,421,250,000
Strike 26850 has a total call value of 9,522,006,000,000 versus a total put value of 232,875,000 Combined total value = 9,522,238,875,000
Strike 26900 has a total call value of 9,943,961,625,000 versus a total put value of 193,875,000 Combined total value = 9,944,155,500,000
Strike 26950 has a total call value of 10,366,102,875,000 versus a total put value of 154,875,000 Combined total value = 10,366,257,750,000
Strike 27000 has a total call value of 10,788,377,625,000 versus a total put value of 115,875,000 Combined total value = 10,788,493,500,000
Strike 27050 has a total call value of 11,225,526,000,000 versus a total put value of 77,250,000 Combined total value = 11,225,603,250,000
Strike 27100 has a total call value of 11,663,021,250,000 versus a total put value of 38,625,000 Combined total value = 11,663,059,875,000
Strike 27150 has a total call value of 12,101,072,625,000 versus a total put value of 0 Combined total value = 12,101,072,625,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1164.9 | 1100 |
| ABB | 5202 | 5200 |
| ABCAPITAL | 299.3 | 295 |
| ADANIENSOL | 929.7 | 920 |
| ADANIENT | 2549.4 | 2550 |
| ADANIGREEN | 1036.7 | 1060 |
| ADANIPORTS | 1479.4 | 1420 |
| ALKEM | 5581.5 | 5500 |
| AMBER | 8249.5 | 8200 |
| AMBUJACEM | 563.6 | 570 |
| ANGELONE | 2496.5 | 2300 |
| APLAPOLLO | 1754.1 | 1700 |
| APOLLOHOSP | 7901.5 | 7700 |
| ASHOKLEY | 134.51 | 138 |
| ASIANPAINT | 2507.8 | 2360 |
| ASTRAL | 1442.4 | 1420 |
| AUBANK | 792.45 | 760 |
| AUROPHARMA | 1101 | 1100 |
| AXISBANK | 1200.2 | 1160 |
| BAJAJ-AUTO | 9150.5 | 8900 |
| BAJAJFINSV | 2083.7 | 2020 |
| BAJFINANCE | 1070.1 | 1020 |
| BANDHANBNK | 160.98 | 165 |
| BANKBARODA | 264.5 | 260 |
| BANKINDIA | 123.11 | 125 |
| BDL | 1540 | 1540 |
| BEL | 412.8 | 410 |
| BHARATFORG | 1241.6 | 1220 |
| BHARTIARTL | 2012 | 1920 |
| BHEL | 232.62 | 240 |
| BIOCON | 356.15 | 350 |
| BLUESTARCO | 1971.4 | 1920 |
| BOSCHLTD | 38755 | 38000 |
| BPCL | 335.85 | 340 |
| BRITANNIA | 6083 | 5900 |
| BSE | 2485.6 | 2400 |
| CAMS | 3795.7 | 3850 |
| CANBK | 125.49 | 125 |
| CDSL | 1611.3 | 1580 |
| CGPOWER | 757.7 | 750 |
| CHOLAFIN | 1654.3 | 1620 |
| CIPLA | 1577.6 | 1540 |
| COALINDIA | 388.8 | 390 |
| COFORGE | 1734.9 | 1680 |
| COLPAL | 2295.3 | 2260 |
| CONCOR | 529.5 | 540 |
| CROMPTON | 287.5 | 290 |
| CUMMINSIND | 3974.9 | 3950 |
| CYIENT | 1170.7 | 1180 |
| DABUR | 508.35 | 490 |
| DALBHARAT | 2245.1 | 2220 |
| DELHIVERY | 465.35 | 465 |
| DIVISLAB | 6621.5 | 6400 |
| DIXON | 16700 | 17000 |
| DLF | 767.95 | 740 |
| DMART | 4302.5 | 4300 |
| DRREDDY | 1255.9 | 1260 |
| EICHERMOT | 7042.5 | 6950 |
| ETERNAL | 342.65 | 335 |
| EXIDEIND | 400.95 | 400 |
| FEDERALBNK | 212.38 | 207.5 |
| FORTIS | 1084.9 | 1050 |
| GAIL | 177.6 | 180 |
| GLENMARK | 1861.9 | 1940 |
| GMRAIRPORT | 90.15 | 90 |
| GODREJCP | 1132.2 | 1140 |
| GODREJPROP | 2236.2 | 2050 |
| GRASIM | 2836.2 | 2800 |
| HAL | 4878.5 | 4800 |
| HAVELLS | 1491.5 | 1500 |
| HCLTECH | 1486.2 | 1500 |
| HDFCAMC | 5715.5 | 5600 |
| HDFCBANK | 1002.55 | 970 |
| HDFCLIFE | 745.95 | 760 |
| HEROMOTOCO | 5592.5 | 5500 |
| HFCL | 75.46 | 75 |
| HINDALCO | 772.8 | 770 |
| HINDPETRO | 448.6 | 440 |
| HINDUNILVR | 2603.7 | 2520 |
| HINDZINC | 500.25 | 500 |
| HUDCO | 224.56 | 230 |
| ICICIBANK | 1436.6 | 1380 |
| ICICIGI | 2001 | 1880 |
| ICICIPRULI | 595.75 | 600 |
| IDEA | 8.7 | 9 |
| IDFCFIRSTB | 71.88 | 72 |
| IEX | 134.18 | 140 |
| IGL | 208.23 | 215 |
| IIFL | 498.55 | 480 |
| INDHOTEL | 735.4 | 730 |
| INDIANB | 782.35 | 750 |
| INDIGO | 5848 | 5700 |
| INDUSINDBK | 751 | 750 |
| INDUSTOWER | 343 | 350 |
| INFY | 1441.1 | 1480 |
| INOXWIND | 146.28 | 147.5 |
| IOC | 152.91 | 152.5 |
| IRCTC | 719.3 | 715 |
| IREDA | 151.05 | 152.5 |
| IRFC | 123.52 | 126 |
| ITC | 412.15 | 405 |
| JINDALSTEL | 1007.6 | 1020 |
| JIOFIN | 309.3 | 310 |
| JSWENERGY | 540.8 | 540 |
| JSWSTEEL | 1163.3 | 1150 |
| JUBLFOOD | 592.65 | 600 |
| KALYANKJIL | 489.85 | 480 |
| KAYNES | 7019 | 7000 |
| KEI | 4131.1 | 4300 |
| KFINTECH | 1124.3 | 1100 |
| KOTAKBANK | 2205.8 | 2100 |
| KPITTECH | 1144.8 | 1160 |
| LAURUSLABS | 900.05 | 870 |
| LICHSGFIN | 568.25 | 580 |
| LICI | 885.5 | 900 |
| LODHA | 1186.9 | 1140 |
| LT | 3839.4 | 3720 |
| LTF | 266.26 | 260 |
| LTIM | 5605 | 5350 |
| LUPIN | 1940 | 1960 |
| M&M | 3647.2 | 3450 |
| MANAPPURAM | 283.8 | 285 |
| MANKIND | 2476.6 | 2450 |
| MARICO | 735.15 | 720 |
| MARUTI | 16401 | 16100 |
| MAXHEALTH | 1202.7 | 1140 |
| MAZDOCK | 2818.3 | 2900 |
| MCX | 9328.5 | 8900 |
| MFSL | 1547.6 | 1600 |
| MOTHERSON | 104.7 | 105 |
| MPHASIS | 2693.7 | 2800 |
| MUTHOOTFIN | 3334.5 | 3100 |
| NATIONALUM | 225.35 | 225 |
| NAUKRI | 1328.3 | 1340 |
| NBCC | 111.41 | 110 |
| NCC | 206.35 | 210 |
| NESTLEIND | 1289.5 | 1180 |
| NHPC | 86.74 | 86 |
| NMDC | 74.91 | 77 |
| NTPC | 341 | 340 |
| NUVAMA | 7020.5 | 7000 |
| NYKAA | 261.14 | 255 |
| OBEROIRLTY | 1700.5 | 1600 |
| OFSS | 8780.5 | 9000 |
| OIL | 408.9 | 420 |
| ONGC | 247.69 | 245 |
| PAGEIND | 41040 | 41500 |
| PATANJALI | 587.85 | 590 |
| PAYTM | 1285.3 | 1200 |
| PERSISTENT | 5755.7 | 5300 |
| PETRONET | 275.6 | 285 |
| PFC | 396.45 | 410 |
| PGEL | 588.25 | 560 |
| PHOENIXLTD | 1687.8 | 1620 |
| PIDILITIND | 1542.7 | 1500 |
| PIIND | 3573.1 | 3600 |
| PNB | 113.7 | 115 |
| PNBHOUSING | 838.85 | 860 |
| POLICYBZR | 1646.9 | 1720 |
| POLYCAB | 7439.5 | 7500 |
| POWERGRID | 289.75 | 287.5 |
| PPLPHARMA | 192.64 | 200 |
| PRESTIGE | 1706.2 | 1600 |
| RBLBANK | 299.5 | 270 |
| RECLTD | 374.95 | 380 |
| RELIANCE | 1416.8 | 1390 |
| RVNL | 331.65 | 340 |
| SAIL | 128.68 | 132.5 |
| SAMMAANCAP | 166.76 | 160 |
| SBICARD | 927 | 900 |
| SBILIFE | 1844.1 | 1800 |
| SBIN | 889.15 | 870 |
| SHREECEM | 29690 | 29750 |
| SHRIRAMFIN | 675.5 | 660 |
| SIEMENS | 3121.2 | 3100 |
| SILVER | 157300 | 150000 |
| SILVERM | 159600 | 151000 |
| SOLARINDS | 14058 | 14000 |
| SONACOMS | 462.2 | 440 |
| SRF | 3169.4 | 3000 |
| SUNPHARMA | 1679.1 | 1660 |
| SUPREMEIND | 4209 | 4250 |
| SUZLON | 52.92 | 56 |
| SYNGENE | 638.65 | 640 |
| TATACONSUM | 1166 | 1120 |
| TATAELXSI | 5369.5 | 5400 |
| TATAMOTORS | 396.6 | 410 |
| TATAPOWER | 397.8 | 395 |
| TATASTEEL | 172.22 | 172.5 |
| TATATECH | 685.2 | 700 |
| TCS | 2962.2 | 3000 |
| TECHM | 1447.6 | 1460 |
| TIINDIA | 3136.4 | 3150 |
| TITAGARH | 866.85 | 900 |
| TITAN | 3674.8 | 3500 |
| TORNTPHARM | 3584.3 | 3550 |
| TORNTPOWER | 1311.8 | 1260 |
| TRENT | 4814.4 | 4700 |
| TVSMOTOR | 3654 | 3500 |
| ULTRACEMCO | 12370 | 12200 |
| UNIONBANK | 136.69 | 140 |
| UNITDSPR | 1361.4 | 1340 |
| UNOMINDA | 1217.8 | 1260 |
| UPL | 674.15 | 680 |
| VBL | 461.55 | 450 |
| VEDL | 474.05 | 475 |
| VOLTAS | 1426.6 | 1380 |
| WIPRO | 240.9 | 247.5 |
| YESBANK | 22.25 | 23 |
| ZYDUSLIFE | 987.65 | 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.
