NIFTY
NiftyMax pain for NIFTY
18 Oct 2025 04:57 PM IST
Max Pain for NIFTY is 25500
Strike 22600 has a total call value of 0 versus a total put value of 17,537,620,500,000 Combined total value = 17,537,620,500,000
Strike 22650 has a total call value of 39,000,000 versus a total put value of 17,157,629,250,000 Combined total value = 17,157,668,250,000
Strike 22700 has a total call value of 78,000,000 versus a total put value of 16,777,735,875,000 Combined total value = 16,777,813,875,000
Strike 22750 has a total call value of 129,375,000 versus a total put value of 16,398,777,000,000 Combined total value = 16,398,906,375,000
Strike 22800 has a total call value of 180,750,000 versus a total put value of 16,019,849,250,000 Combined total value = 16,020,030,000,000
Strike 22850 has a total call value of 724,875,000 versus a total put value of 15,643,195,500,000 Combined total value = 15,643,920,375,000
Strike 22900 has a total call value of 1,269,375,000 versus a total put value of 15,266,573,250,000 Combined total value = 15,267,842,625,000
Strike 22950 has a total call value of 1,813,875,000 versus a total put value of 14,890,391,250,000 Combined total value = 14,892,205,125,000
Strike 23000 has a total call value of 2,358,375,000 versus a total put value of 14,514,253,500,000 Combined total value = 14,516,611,875,000
Strike 23050 has a total call value of 7,303,875,000 versus a total put value of 14,148,606,000,000 Combined total value = 14,155,909,875,000
Strike 23100 has a total call value of 12,249,375,000 versus a total put value of 13,783,118,625,000 Combined total value = 13,795,368,000,000
Strike 23150 has a total call value of 17,198,250,000 versus a total put value of 13,417,998,750,000 Combined total value = 13,435,197,000,000
Strike 23200 has a total call value of 22,147,125,000 versus a total put value of 13,053,075,750,000 Combined total value = 13,075,222,875,000
Strike 23250 has a total call value of 27,150,375,000 versus a total put value of 12,689,547,375,000 Combined total value = 12,716,697,750,000
Strike 23300 has a total call value of 32,153,625,000 versus a total put value of 12,326,074,875,000 Combined total value = 12,358,228,500,000
Strike 23350 has a total call value of 37,177,500,000 versus a total put value of 11,963,677,875,000 Combined total value = 12,000,855,375,000
Strike 23400 has a total call value of 42,202,875,000 versus a total put value of 11,601,459,000,000 Combined total value = 11,643,661,875,000
Strike 23450 has a total call value of 47,251,500,000 versus a total put value of 11,240,102,250,000 Combined total value = 11,287,353,750,000
Strike 23500 has a total call value of 52,300,125,000 versus a total put value of 10,878,862,125,000 Combined total value = 10,931,162,250,000
Strike 23550 has a total call value of 59,413,500,000 versus a total put value of 10,527,817,875,000 Combined total value = 10,587,231,375,000
Strike 23600 has a total call value of 66,526,875,000 versus a total put value of 10,176,848,250,000 Combined total value = 10,243,375,125,000
Strike 23650 has a total call value of 73,669,500,000 versus a total put value of 9,826,694,625,000 Combined total value = 9,900,364,125,000
Strike 23700 has a total call value of 80,812,125,000 versus a total put value of 9,476,661,375,000 Combined total value = 9,557,473,500,000
Strike 23750 has a total call value of 87,970,500,000 versus a total put value of 9,128,223,000,000 Combined total value = 9,216,193,500,000
Strike 23800 has a total call value of 95,131,875,000 versus a total put value of 8,779,984,125,000 Combined total value = 8,875,116,000,000
Strike 23850 has a total call value of 102,405,375,000 versus a total put value of 8,436,521,625,000 Combined total value = 8,538,927,000,000
Strike 23900 has a total call value of 109,681,875,000 versus a total put value of 8,093,387,625,000 Combined total value = 8,203,069,500,000
Strike 23950 has a total call value of 116,994,000,000 versus a total put value of 7,751,891,625,000 Combined total value = 7,868,885,625,000
Strike 24000 has a total call value of 124,317,375,000 versus a total put value of 7,410,816,375,000 Combined total value = 7,535,133,750,000
Strike 24050 has a total call value of 134,351,250,000 versus a total put value of 7,092,102,000,000 Combined total value = 7,226,453,250,000
Strike 24100 has a total call value of 144,394,875,000 versus a total put value of 6,773,787,375,000 Combined total value = 6,918,182,250,000
Strike 24150 has a total call value of 154,501,125,000 versus a total put value of 6,457,628,250,000 Combined total value = 6,612,129,375,000
Strike 24200 has a total call value of 164,617,125,000 versus a total put value of 6,141,901,875,000 Combined total value = 6,306,519,000,000
Strike 24250 has a total call value of 174,835,125,000 versus a total put value of 5,830,285,500,000 Combined total value = 6,005,120,625,000
Strike 24300 has a total call value of 185,076,000,000 versus a total put value of 5,519,215,875,000 Combined total value = 5,704,291,875,000
Strike 24350 has a total call value of 195,543,750,000 versus a total put value of 5,214,696,000,000 Combined total value = 5,410,239,750,000
Strike 24400 has a total call value of 206,053,500,000 versus a total put value of 4,910,815,125,000 Combined total value = 5,116,868,625,000
Strike 24450 has a total call value of 216,740,625,000 versus a total put value of 4,611,065,625,000 Combined total value = 4,827,806,250,000
Strike 24500 has a total call value of 227,485,125,000 versus a total put value of 4,311,925,125,000 Combined total value = 4,539,410,250,000
Strike 24550 has a total call value of 243,831,375,000 versus a total put value of 4,033,952,250,000 Combined total value = 4,277,783,625,000
Strike 24600 has a total call value of 260,236,125,000 versus a total put value of 3,756,699,750,000 Combined total value = 4,016,935,875,000
Strike 24650 has a total call value of 278,728,125,000 versus a total put value of 3,490,701,750,000 Combined total value = 3,769,429,875,000
Strike 24700 has a total call value of 297,575,250,000 versus a total put value of 3,226,052,250,000 Combined total value = 3,523,627,500,000
Strike 24750 has a total call value of 322,142,250,000 versus a total put value of 2,972,819,625,000 Combined total value = 3,294,961,875,000
Strike 24800 has a total call value of 348,494,250,000 versus a total put value of 2,721,906,375,000 Combined total value = 3,070,400,625,000
Strike 24850 has a total call value of 380,932,500,000 versus a total put value of 2,492,574,000,000 Combined total value = 2,873,506,500,000
Strike 24900 has a total call value of 413,587,500,000 versus a total put value of 2,269,480,125,000 Combined total value = 2,683,067,625,000
Strike 24950 has a total call value of 450,429,000,000 versus a total put value of 2,057,801,625,000 Combined total value = 2,508,230,625,000
Strike 25000 has a total call value of 487,489,500,000 versus a total put value of 1,848,476,250,000 Combined total value = 2,335,965,750,000
Strike 25050 has a total call value of 538,333,500,000 versus a total put value of 1,677,649,875,000 Combined total value = 2,215,983,375,000
Strike 25100 has a total call value of 589,552,875,000 versus a total put value of 1,509,285,000,000 Combined total value = 2,098,837,875,000
Strike 25150 has a total call value of 645,663,375,000 versus a total put value of 1,351,181,625,000 Combined total value = 1,996,845,000,000
Strike 25200 has a total call value of 702,645,000,000 versus a total put value of 1,195,148,625,000 Combined total value = 1,897,793,625,000
Strike 25250 has a total call value of 767,973,750,000 versus a total put value of 1,057,090,500,000 Combined total value = 1,825,064,250,000
Strike 25300 has a total call value of 834,640,125,000 versus a total put value of 922,179,375,000 Combined total value = 1,756,819,500,000
Strike 25350 has a total call value of 908,335,125,000 versus a total put value of 802,032,000,000 Combined total value = 1,710,367,125,000
Strike 25400 has a total call value of 982,969,875,000 versus a total put value of 684,606,375,000 Combined total value = 1,667,576,250,000
Strike 25450 has a total call value of 1,066,969,875,000 versus a total put value of 585,725,250,000 Combined total value = 1,652,695,125,000
Strike 25500 has a total call value of 1,152,882,000,000 versus a total put value of 489,772,875,000 Combined total value = 1,642,654,875,000
Strike 25550 has a total call value of 1,260,270,000,000 versus a total put value of 422,794,500,000 Combined total value = 1,683,064,500,000
Strike 25600 has a total call value of 1,369,348,125,000 versus a total put value of 358,554,750,000 Combined total value = 1,727,902,875,000
Strike 25650 has a total call value of 1,487,972,250,000 versus a total put value of 308,641,500,000 Combined total value = 1,796,613,750,000
Strike 25700 has a total call value of 1,608,326,250,000 versus a total put value of 260,990,250,000 Combined total value = 1,869,316,500,000
Strike 25750 has a total call value of 1,744,120,500,000 versus a total put value of 226,429,875,000 Combined total value = 1,970,550,375,000
Strike 25800 has a total call value of 1,884,329,250,000 versus a total put value of 195,203,625,000 Combined total value = 2,079,532,875,000
Strike 25850 has a total call value of 2,045,016,000,000 versus a total put value of 174,668,250,000 Combined total value = 2,219,684,250,000
Strike 25900 has a total call value of 2,208,308,625,000 versus a total put value of 154,977,000,000 Combined total value = 2,363,285,625,000
Strike 25950 has a total call value of 2,386,005,375,000 versus a total put value of 136,846,500,000 Combined total value = 2,522,851,875,000
Strike 26000 has a total call value of 2,566,252,875,000 versus a total put value of 118,994,625,000 Combined total value = 2,685,247,500,000
Strike 26050 has a total call value of 2,777,503,875,000 versus a total put value of 109,377,000,000 Combined total value = 2,886,880,875,000
Strike 26100 has a total call value of 2,990,845,500,000 versus a total put value of 99,843,000,000 Combined total value = 3,090,688,500,000
Strike 26150 has a total call value of 3,219,972,000,000 versus a total put value of 91,287,375,000 Combined total value = 3,311,259,375,000
Strike 26200 has a total call value of 3,451,407,375,000 versus a total put value of 82,759,125,000 Combined total value = 3,534,166,500,000
Strike 26250 has a total call value of 3,699,042,000,000 versus a total put value of 75,208,125,000 Combined total value = 3,774,250,125,000
Strike 26300 has a total call value of 3,949,538,625,000 versus a total put value of 67,701,375,000 Combined total value = 4,017,240,000,000
Strike 26350 has a total call value of 4,210,016,625,000 versus a total put value of 60,674,625,000 Combined total value = 4,270,691,250,000
Strike 26400 has a total call value of 4,472,947,875,000 versus a total put value of 53,671,500,000 Combined total value = 4,526,619,375,000
Strike 26450 has a total call value of 4,744,465,875,000 versus a total put value of 46,845,375,000 Combined total value = 4,791,311,250,000
Strike 26500 has a total call value of 5,017,610,625,000 versus a total put value of 40,029,750,000 Combined total value = 5,057,640,375,000
Strike 26550 has a total call value of 5,317,397,250,000 versus a total put value of 35,924,250,000 Combined total value = 5,353,321,500,000
Strike 26600 has a total call value of 5,619,246,375,000 versus a total put value of 31,824,375,000 Combined total value = 5,651,070,750,000
Strike 26650 has a total call value of 5,928,678,750,000 versus a total put value of 27,772,500,000 Combined total value = 5,956,451,250,000
Strike 26700 has a total call value of 6,242,778,750,000 versus a total put value of 23,726,250,000 Combined total value = 6,266,505,000,000
Strike 26750 has a total call value of 6,566,846,250,000 versus a total put value of 19,720,125,000 Combined total value = 6,586,566,375,000
Strike 26800 has a total call value of 6,891,593,250,000 versus a total put value of 15,719,250,000 Combined total value = 6,907,312,500,000
Strike 26850 has a total call value of 7,226,497,500,000 versus a total put value of 11,812,875,000 Combined total value = 7,238,310,375,000
Strike 26900 has a total call value of 7,562,164,875,000 versus a total put value of 7,907,625,000 Combined total value = 7,570,072,500,000
Strike 26950 has a total call value of 7,900,602,750,000 versus a total put value of 4,022,250,000 Combined total value = 7,904,625,000,000
Strike 27000 has a total call value of 8,239,312,125,000 versus a total put value of 144,375,000 Combined total value = 8,239,456,500,000
Strike 27050 has a total call value of 8,599,091,250,000 versus a total put value of 87,000,000 Combined total value = 8,599,178,250,000
Strike 27100 has a total call value of 8,960,418,375,000 versus a total put value of 29,625,000 Combined total value = 8,960,448,000,000
Strike 27150 has a total call value of 9,323,581,875,000 versus a total put value of 3,750,000 Combined total value = 9,323,585,625,000
Strike 27200 has a total call value of 9,688,026,750,000 versus a total put value of 1,875,000 Combined total value = 9,688,028,625,000
Strike 27250 has a total call value of 10,053,245,250,000 versus a total put value of 1,125,000 Combined total value = 10,053,246,375,000
Strike 27300 has a total call value of 10,418,487,000,000 versus a total put value of 375,000 Combined total value = 10,418,487,375,000
Strike 27350 has a total call value of 10,786,718,625,000 versus a total put value of 0 Combined total value = 10,786,718,625,000
Max-Pain Table for stock monthly expiry
| Max Pain Table | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1001.8 | 1140 |
| ABB | 5173.4 | 5200 |
| ABCAPITAL | 278.9 | 295 |
| ADANIENSOL | 879.2 | 930 |
| ADANIENT | 2543.7 | 2550 |
| ADANIGREEN | 1047.4 | 1060 |
| ADANIPORTS | 1392 | 1440 |
| ALKEM | 5433 | 5550 |
| AMBER | 8162.5 | 8200 |
| AMBUJACEM | 565.2 | 570 |
| ANGELONE | 2136.4 | 2400 |
| APLAPOLLO | 1660.1 | 1720 |
| APOLLOHOSP | 7510 | 7800 |
| ASHOKLEY | 141.93 | 137.5 |
| ASIANPAINT | 2342.8 | 2440 |
| ASTRAL | 1373.8 | 1420 |
| AUBANK | 743.2 | 780 |
| AUROPHARMA | 1090 | 1100 |
| AXISBANK | 1154 | 1170 |
| BAJAJ-AUTO | 8702 | 9000 |
| BAJAJFINSV | 2003.2 | 2060 |
| BAJFINANCE | 985.1 | 1040 |
| BANDHANBNK | 155.02 | 165 |
| BANKBARODA | 248.45 | 260 |
| BANKINDIA | 116.33 | 125 |
| BDL | 1497.8 | 1550 |
| BEL | 395.9 | 410 |
| BHARATFORG | 1181.1 | 1220 |
| BHARTIARTL | 1916.6 | 1960 |
| BHEL | 231.01 | 240 |
| BIOCON | 338.9 | 355 |
| BLUESTARCO | 1890.1 | 1940 |
| BOSCHLTD | 38150 | 38500 |
| BPCL | 324.35 | 335 |
| BRITANNIA | 5920.5 | 6000 |
| BSE | 2043.2 | 2400 |
| CAMS | 3800 | 3850 |
| CANBK | 118.08 | 125 |
| CDSL | 1467.7 | 1580 |
| CGPOWER | 739.4 | 750 |
| CHOLAFIN | 1569.9 | 1640 |
| CIPLA | 1499.4 | 1550 |
| COALINDIA | 389.15 | 390 |
| COFORGE | 1538.5 | 1700 |
| COLPAL | 2224.3 | 2260 |
| CONCOR | 524.8 | 540 |
| CROMPTON | 292.6 | 295 |
| CUMMINSIND | 3947.6 | 4000 |
| CYIENT | 1134.1 | 1180 |
| DABUR | 499.75 | 500 |
| DALBHARAT | 2215.4 | 2260 |
| DELHIVERY | 445.7 | 460 |
| DIVISLAB | 5689.5 | 6400 |
| DIXON | 17511 | 17000 |
| DLF | 716.05 | 750 |
| DMART | 4517.8 | 4300 |
| DRREDDY | 1253.1 | 1260 |
| EICHERMOT | 7047 | 7000 |
| ETERNAL | 321 | 340 |
| EXIDEIND | 388.8 | 400 |
| FEDERALBNK | 191.82 | 210 |
| FORTIS | 932.75 | 1060 |
| GAIL | 172.02 | 180 |
| GLENMARK | 1971.7 | 1900 |
| GMRAIRPORT | 87.28 | 90 |
| GODREJCP | 1163.9 | 1140 |
| GODREJPROP | 1957.6 | 2140 |
| GRASIM | 2746.8 | 2800 |
| HAL | 4736.1 | 4850 |
| HAVELLS | 1507.4 | 1500 |
| HCLTECH | 1395.3 | 1480 |
| HDFCAMC | 5621 | 5700 |
| HDFCBANK | 945.05 | 985 |
| HDFCLIFE | 764.4 | 750 |
| HEROMOTOCO | 5328 | 5550 |
| HFCL | 72.1 | 75 |
| HINDALCO | 743.85 | 770 |
| HINDPETRO | 422.25 | 440 |
| HINDUNILVR | 2511.8 | 2540 |
| HINDZINC | 449.1 | 500 |
| HUDCO | 220.05 | 230 |
| ICICIBANK | 1359.6 | 1400 |
| ICICIGI | 1894 | 1980 |
| ICICIPRULI | 585.5 | 600 |
| IDEA | 8.02 | 9 |
| IDFCFIRSTB | 68.59 | 72 |
| IEX | 137.76 | 140 |
| IGL | 202.26 | 215 |
| IIFL | 419.35 | 490 |
| INDHOTEL | 709.8 | 740 |
| INDIANB | 706.35 | 760 |
| INDIGO | 5561 | 5800 |
| INDUSINDBK | 712.75 | 750 |
| INDUSTOWER | 346.3 | 350 |
| INFY | 1448.9 | 1460 |
| INOXWIND | 137.46 | 145 |
| IOC | 145.04 | 152.5 |
| IRCTC | 703.1 | 720 |
| IREDA | 146.28 | 152.5 |
| IRFC | 121.91 | 125 |
| ITC | 405.1 | 410 |
| JINDALSTEL | 1029.5 | 1020 |
| JIOFIN | 295.85 | 310 |
| JSWENERGY | 520.1 | 540 |
| JSWSTEEL | 1130.8 | 1160 |
| JUBLFOOD | 606.9 | 600 |
| KALYANKJIL | 455.8 | 480 |
| KAYNES | 7341 | 7000 |
| KEI | 4049.3 | 4200 |
| KFINTECH | 1070.8 | 1100 |
| KOTAKBANK | 1994.8 | 2120 |
| KPITTECH | 1212.8 | 1160 |
| LAURUSLABS | 832.3 | 880 |
| LICHSGFIN | 564.95 | 580 |
| LICI | 872.45 | 900 |
| LODHA | 1141.1 | 1160 |
| LT | 3729.5 | 3800 |
| LTF | 236.29 | 260 |
| LTIM | 5075 | 5600 |
| LUPIN | 1919.8 | 1960 |
| M&M | 3396.5 | 3550 |
| MANAPPURAM | 276.9 | 285 |
| MANKIND | 2482.9 | 2500 |
| MARICO | 698.35 | 720 |
| MARUTI | 16286 | 16100 |
| MAXHEALTH | 1123.4 | 1160 |
| MAZDOCK | 2827.6 | 2850 |
| MCX | 7920.5 | 9000 |
| MFSL | 1545.6 | 1580 |
| MOTHERSON | 105.66 | 105 |
| MPHASIS | 2642.4 | 2750 |
| MUTHOOTFIN | 3020.3 | 3200 |
| NATIONALUM | 200.58 | 225 |
| NAUKRI | 1316.2 | 1360 |
| NBCC | 105.18 | 111 |
| NCC | 202.51 | 210 |
| NESTLEIND | 1162.6 | 1250 |
| NHPC | 83.64 | 86 |
| NMDC | 74.99 | 76 |
| NTPC | 337.9 | 340 |
| NUVAMA | 6115 | 7000 |
| NYKAA | 230.62 | 255 |
| OBEROIRLTY | 1577.7 | 1680 |
| OFSS | 8515 | 8800 |
| OIL | 410.25 | 420 |
| ONGC | 238.02 | 245 |
| PAGEIND | 41240 | 41000 |
| PATANJALI | 589 | 590 |
| PAYTM | 1125.2 | 1240 |
| PERSISTENT | 4951 | 5600 |
| PETRONET | 266.9 | 285 |
| PFC | 397.3 | 405 |
| PGEL | 514.65 | 570 |
| PHOENIXLTD | 1540.4 | 1660 |
| PIDILITIND | 1474.8 | 1500 |
| PIIND | 3487.6 | 3600 |
| PNB | 107.79 | 115 |
| PNBHOUSING | 864.1 | 860 |
| POLICYBZR | 1677.1 | 1700 |
| POLYCAB | 7322.5 | 7500 |
| POWERGRID | 282.25 | 290 |
| PPLPHARMA | 187.73 | 197.5 |
| PRESTIGE | 1507.4 | 1640 |
| RBLBANK | 272.35 | 285 |
| RECLTD | 367.4 | 380 |
| RELIANCE | 1377.6 | 1400 |
| RVNL | 337.8 | 340 |
| SAIL | 131.02 | 132 |
| SAMMAANCAP | 137.82 | 160 |
| SBICARD | 873.85 | 910 |
| SBILIFE | 1798.8 | 1800 |
| SBIN | 856.95 | 880 |
| SHREECEM | 28910 | 30000 |
| SHRIRAMFIN | 606.05 | 660 |
| SIEMENS | 3096.3 | 3150 |
| SILVER | 0 | 154000 |
| SILVERM | 142014 | 158000 |
| SOLARINDS | 13766 | 14000 |
| SONACOMS | 407.1 | 460 |
| SRF | 2806.9 | 3100 |
| SUNPHARMA | 1586.7 | 1660 |
| SUPREMEIND | 4234.2 | 4250 |
| SUZLON | 55.28 | 55 |
| SYNGENE | 609.45 | 630 |
| TATACONSUM | 1119 | 1140 |
| TATAELXSI | 5303 | 5400 |
| TATAMOTORS | 672.9 | 390 |
| TATAPOWER | 383.8 | 400 |
| TATASTEEL | 167.4 | 172.5 |
| TATATECH | 667.3 | 700 |
| TCS | 2899.1 | 3000 |
| TECHM | 1407.7 | 1440 |
| TIINDIA | 3129.1 | 3150 |
| TITAGARH | 879.25 | 900 |
| TITAN | 3327.3 | 3550 |
| TORNTPHARM | 3561 | 3550 |
| TORNTPOWER | 1233.3 | 1300 |
| TRENT | 4679 | 4800 |
| TVSMOTOR | 3414.4 | 3550 |
| ULTRACEMCO | 12070 | 12300 |
| UNIONBANK | 134.08 | 140 |
| UNITDSPR | 1297.4 | 1350 |
| UNOMINDA | 1268.9 | 1240 |
| UPL | 648 | 680 |
| VBL | 444.75 | 455 |
| VEDL | 447.95 | 475 |
| VOLTAS | 1340.2 | 1400 |
| WIPRO | 235.75 | 242.5 |
| 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.
