SENSEX
Sensex
Max pain for SENSEX
17 Aug 2025 12:54 AM IST
Max Pain for SENSEX is 81000
Strike 77000 has a total call value of 0 versus a total put value of 2,296,400,000 Combined total value = 2,296,400,000
Strike 77100 has a total call value of 0 versus a total put value of 2,227,000,000 Combined total value = 2,227,000,000
Strike 77200 has a total call value of 0 versus a total put value of 2,157,600,000 Combined total value = 2,157,600,000
Strike 77300 has a total call value of 200,000 versus a total put value of 2,088,200,000 Combined total value = 2,088,400,000
Strike 77400 has a total call value of 400,000 versus a total put value of 2,018,800,000 Combined total value = 2,019,200,000
Strike 77500 has a total call value of 600,000 versus a total put value of 1,949,400,000 Combined total value = 1,950,000,000
Strike 77600 has a total call value of 800,000 versus a total put value of 1,881,000,000 Combined total value = 1,881,800,000
Strike 77700 has a total call value of 1,200,000 versus a total put value of 1,812,600,000 Combined total value = 1,813,800,000
Strike 77800 has a total call value of 1,600,000 versus a total put value of 1,744,200,000 Combined total value = 1,745,800,000
Strike 77900 has a total call value of 2,000,000 versus a total put value of 1,675,800,000 Combined total value = 1,677,800,000
Strike 78000 has a total call value of 2,400,000 versus a total put value of 1,607,400,000 Combined total value = 1,609,800,000
Strike 78100 has a total call value of 2,800,000 versus a total put value of 1,539,600,000 Combined total value = 1,542,400,000
Strike 78200 has a total call value of 3,200,000 versus a total put value of 1,471,800,000 Combined total value = 1,475,000,000
Strike 78300 has a total call value of 3,800,000 versus a total put value of 1,404,000,000 Combined total value = 1,407,800,000
Strike 78400 has a total call value of 4,400,000 versus a total put value of 1,336,200,000 Combined total value = 1,340,600,000
Strike 78500 has a total call value of 5,000,000 versus a total put value of 1,268,400,000 Combined total value = 1,273,400,000
Strike 78600 has a total call value of 5,600,000 versus a total put value of 1,204,800,000 Combined total value = 1,210,400,000
Strike 78700 has a total call value of 6,200,000 versus a total put value of 1,141,200,000 Combined total value = 1,147,400,000
Strike 78800 has a total call value of 6,800,000 versus a total put value of 1,077,600,000 Combined total value = 1,084,400,000
Strike 78900 has a total call value of 7,400,000 versus a total put value of 1,014,000,000 Combined total value = 1,021,400,000
Strike 79000 has a total call value of 8,000,000 versus a total put value of 950,400,000 Combined total value = 958,400,000
Strike 79100 has a total call value of 8,600,000 versus a total put value of 886,800,000 Combined total value = 895,400,000
Strike 79200 has a total call value of 9,200,000 versus a total put value of 823,200,000 Combined total value = 832,400,000
Strike 79300 has a total call value of 9,800,000 versus a total put value of 759,600,000 Combined total value = 769,400,000
Strike 79400 has a total call value of 10,400,000 versus a total put value of 696,000,000 Combined total value = 706,400,000
Strike 79500 has a total call value of 11,000,000 versus a total put value of 632,400,000 Combined total value = 643,400,000
Strike 79600 has a total call value of 11,600,000 versus a total put value of 580,800,000 Combined total value = 592,400,000
Strike 79700 has a total call value of 12,200,000 versus a total put value of 529,800,000 Combined total value = 542,000,000
Strike 79800 has a total call value of 12,800,000 versus a total put value of 478,800,000 Combined total value = 491,600,000
Strike 79900 has a total call value of 13,400,000 versus a total put value of 427,800,000 Combined total value = 441,200,000
Strike 80000 has a total call value of 14,800,000 versus a total put value of 376,800,000 Combined total value = 391,600,000
Strike 80100 has a total call value of 19,200,000 versus a total put value of 328,400,000 Combined total value = 347,600,000
Strike 80200 has a total call value of 24,000,000 versus a total put value of 281,800,000 Combined total value = 305,800,000
Strike 80300 has a total call value of 28,800,000 versus a total put value of 236,400,000 Combined total value = 265,200,000
Strike 80400 has a total call value of 33,600,000 versus a total put value of 191,600,000 Combined total value = 225,200,000
Strike 80500 has a total call value of 38,800,000 versus a total put value of 148,000,000 Combined total value = 186,800,000
Strike 80600 has a total call value of 52,000,000 versus a total put value of 121,600,000 Combined total value = 173,600,000
Strike 80700 has a total call value of 65,600,000 versus a total put value of 95,200,000 Combined total value = 160,800,000
Strike 80800 has a total call value of 80,600,000 versus a total put value of 70,800,000 Combined total value = 151,400,000
Strike 80900 has a total call value of 98,800,000 versus a total put value of 47,400,000 Combined total value = 146,200,000
Strike 81000 has a total call value of 117,000,000 versus a total put value of 24,000,000 Combined total value = 141,000,000
Strike 81100 has a total call value of 157,000,000 versus a total put value of 20,600,000 Combined total value = 177,600,000
Strike 81200 has a total call value of 197,600,000 versus a total put value of 17,200,000 Combined total value = 214,800,000
Strike 81300 has a total call value of 238,800,000 versus a total put value of 13,800,000 Combined total value = 252,600,000
Strike 81400 has a total call value of 280,000,000 versus a total put value of 10,400,000 Combined total value = 290,400,000
Strike 81500 has a total call value of 322,000,000 versus a total put value of 7,000,000 Combined total value = 329,000,000
Strike 81600 has a total call value of 365,800,000 versus a total put value of 5,600,000 Combined total value = 371,400,000
Strike 81700 has a total call value of 409,600,000 versus a total put value of 4,200,000 Combined total value = 413,800,000
Strike 81800 has a total call value of 453,400,000 versus a total put value of 2,800,000 Combined total value = 456,200,000
Strike 81900 has a total call value of 497,200,000 versus a total put value of 1,400,000 Combined total value = 498,600,000
Strike 82000 has a total call value of 541,200,000 versus a total put value of 0 Combined total value = 541,200,000
Strike 82100 has a total call value of 591,800,000 versus a total put value of 0 Combined total value = 591,800,000
Strike 82200 has a total call value of 642,400,000 versus a total put value of 0 Combined total value = 642,400,000
Strike 82300 has a total call value of 695,600,000 versus a total put value of 0 Combined total value = 695,600,000
Strike 82400 has a total call value of 748,800,000 versus a total put value of 0 Combined total value = 748,800,000
Strike 82500 has a total call value of 802,000,000 versus a total put value of 0 Combined total value = 802,000,000
Strike 82600 has a total call value of 855,200,000 versus a total put value of 0 Combined total value = 855,200,000
Strike 82700 has a total call value of 908,400,000 versus a total put value of 0 Combined total value = 908,400,000
Strike 82800 has a total call value of 961,600,000 versus a total put value of 0 Combined total value = 961,600,000
Strike 82900 has a total call value of 1,014,800,000 versus a total put value of 0 Combined total value = 1,014,800,000
Strike 83000 has a total call value of 1,068,000,000 versus a total put value of 0 Combined total value = 1,068,000,000
Strike 83100 has a total call value of 1,121,200,000 versus a total put value of 0 Combined total value = 1,121,200,000
Strike 83200 has a total call value of 1,174,400,000 versus a total put value of 0 Combined total value = 1,174,400,000
Strike 83300 has a total call value of 1,227,600,000 versus a total put value of 0 Combined total value = 1,227,600,000
Strike 83400 has a total call value of 1,281,600,000 versus a total put value of 0 Combined total value = 1,281,600,000
Strike 83500 has a total call value of 1,340,000,000 versus a total put value of 0 Combined total value = 1,340,000,000
Strike 83600 has a total call value of 1,398,400,000 versus a total put value of 0 Combined total value = 1,398,400,000
Strike 83700 has a total call value of 1,456,800,000 versus a total put value of 0 Combined total value = 1,456,800,000
Strike 83800 has a total call value of 1,515,200,000 versus a total put value of 0 Combined total value = 1,515,200,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1087.4 | 940 |
| ABB | 5022 | 5100 |
| ABCAPITAL | 281 | 270 |
| ADANIENSOL | 788.65 | 800 |
| ADANIENT | 2272 | 2400 |
| ADANIGREEN | 931.25 | 900 |
| ADANIPORTS | 1315.4 | 1340 |
| ALKEM | 5422 | 5200 |
| AMBER | 7229 | 6400 |
| AMBUJACEM | 572.8 | 560 |
| ANGELONE | 2339.1 | 2600 |
| APLAPOLLO | 1628.9 | 1520 |
| APOLLOHOSP | 7793.5 | 7700 |
| ASHOKLEY | 131.37 | 120 |
| ASIANPAINT | 2481.4 | 2500 |
| ASTRAL | 1390.1 | 1300 |
| AUBANK | 745.25 | 780 |
| AUROPHARMA | 1045.6 | 1100 |
| AXISBANK | 1050.1 | 1080 |
| BAJAJ-AUTO | 8691.5 | 8300 |
| BAJAJFINSV | 1924.2 | 1900 |
| BAJFINANCE | 876.25 | 880 |
| BANDHANBNK | 165.86 | 165 |
| BANKBARODA | 235.14 | 245 |
| BANKINDIA | 112.38 | 115 |
| BDL | 1477.6 | 1600 |
| BEL | 365.85 | 390 |
| BHARATFORG | 1122.3 | 1200 |
| BHARTIARTL | 1904.7 | 1880 |
| BHEL | 211.5 | 225 |
| BIOCON | 358.3 | 360 |
| BLUESTARCO | 1865 | 1700 |
| BOSCHLTD | 39510 | 38000 |
| BPCL | 312.1 | 320 |
| BRITANNIA | 5765.5 | 5400 |
| BSE | 2215.6 | 2450 |
| CAMS | 3726.2 | 3800 |
| CANBK | 106.01 | 110 |
| CDSL | 1492.1 | 1600 |
| CGPOWER | 671.3 | 650 |
| CHOLAFIN | 1476.2 | 1500 |
| CIPLA | 1579.8 | 1540 |
| COALINDIA | 372.45 | 380 |
| COFORGE | 1739.3 | 1600 |
| COLPAL | 2284.1 | 2200 |
| CONCOR | 528.45 | 550 |
| CROMPTON | 324.95 | 320 |
| CUMMINSIND | 3836.5 | 3800 |
| CYIENT | 1202.6 | 1100 |
| DABUR | 522.4 | 500 |
| DALBHARAT | 2358.2 | 2600 |
| DELHIVERY | 478.5 | 460 |
| DIVISLAB | 6190.5 | 6400 |
| DIXON | 16668 | 16000 |
| DLF | 754.6 | 760 |
| DMART | 4716.4 | 4300 |
| DRREDDY | 1263.2 | 1200 |
| EICHERMOT | 6151 | 5700 |
| ETERNAL | 317.9 | 310 |
| EXIDEIND | 396.8 | 380 |
| FEDERALBNK | 192.46 | 200 |
| FORTIS | 916 | 900 |
| GAIL | 171.64 | 175 |
| GLENMARK | 1950.7 | 1760 |
| GMRAIRPORT | 88.7 | 90 |
| GODREJCP | 1258.6 | 1200 |
| GODREJPROP | 2007.1 | 2000 |
| GRASIM | 2796.2 | 2700 |
| HAL | 4383.6 | 4500 |
| HAVELLS | 1517.9 | 1500 |
| HCLTECH | 1492.8 | 1500 |
| HDFCAMC | 5759.5 | 5400 |
| HDFCBANK | 973.4 | 2000 |
| HDFCLIFE | 776.6 | 780 |
| HEROMOTOCO | 5073.4 | 4600 |
| HFCL | 71.82 | 70 |
| HINDALCO | 705.7 | 700 |
| HINDPETRO | 382.95 | 389.5 |
| HINDUNILVR | 2692.6 | 2500 |
| HINDZINC | 430.15 | 420 |
| HUDCO | 207.88 | 210 |
| ICICIBANK | 1416.6 | 1420 |
| ICICIGI | 1872.7 | 1880 |
| ICICIPRULI | 616.3 | 600 |
| IDEA | 6.71 | 7 |
| IDFCFIRSTB | 68.76 | 70 |
| IEX | 141.26 | 140 |
| IGL | 207.58 | 210 |
| IIFL | 450.35 | 400 |
| INDHOTEL | 769.05 | 760 |
| INDIANB | 655.9 | 600 |
| INDIGO | 6050 | 6000 |
| INDUSINDBK | 756.4 | 800 |
| INDUSTOWER | 342.55 | 340 |
| INFY | 1529.6 | 1460 |
| INOXWIND | 142.03 | 140 |
| IOC | 138.96 | 140 |
| IRCTC | 717.25 | 760 |
| IREDA | 144.17 | 150 |
| IRFC | 121.2 | 125 |
| ITC | 403.35 | 420 |
| JINDALSTEL | 977.15 | 1000 |
| JIOFIN | 315.75 | 320 |
| JSWENERGY | 513.1 | 500 |
| JSWSTEEL | 1047.1 | 1030 |
| JUBLFOOD | 640.8 | 630 |
| KALYANKJIL | 498.4 | 520 |
| KAYNES | 6197.5 | 6000 |
| KEI | 3874.8 | 3600 |
| KFINTECH | 1054.1 | 900 |
| KOTAKBANK | 1965.7 | 2000 |
| KPITTECH | 1200.1 | 1340 |
| LAURUSLABS | 868.65 | 850 |
| LICHSGFIN | 560.4 | 580 |
| LICI | 888.35 | 900 |
| LODHA | 1236.8 | 1400 |
| LT | 3541.3 | 3650 |
| LTF | 220 | 200 |
| LTIM | 5165.5 | 5400 |
| LUPIN | 1924.6 | 1900 |
| M&M | 3330.8 | 3300 |
| MANAPPURAM | 266.9 | 260 |
| MANKIND | 2502 | 2500 |
| MARICO | 717.75 | 700 |
| MARUTI | 14714 | 12800 |
| MAXHEALTH | 1183.4 | 1240 |
| MAZDOCK | 2687.8 | 2700 |
| MCX | 7692 | 8000 |
| MFSL | 1622.8 | 1560 |
| MOTHERSON | 92.96 | 95 |
| MPHASIS | 2873.2 | 2600 |
| MUTHOOTFIN | 2673.1 | 2500 |
| NATIONALUM | 186.02 | 190 |
| NAUKRI | 1395.7 | 1360 |
| NBCC | 100.89 | 110 |
| NCC | 211.98 | 220 |
| NESTLEIND | 1162.2 | 1100 |
| NHPC | 79.84 | 85 |
| NMDC | 69.88 | 70 |
| NTPC | 333.2 | 350 |
| NYKAA | 231.65 | 215 |
| OBEROIRLTY | 1638.2 | 1400 |
| OFSS | 8530.5 | 8500 |
| OIL | 398.9 | 400 |
| ONGC | 234.19 | 235 |
| PAGEIND | 45505 | 42000 |
| PATANJALI | 1799.3 | 1800 |
| PAYTM | 1253.1 | 1160 |
| PERSISTENT | 5376.5 | 5000 |
| PETRONET | 268.8 | 280 |
| PFC | 388.55 | 420 |
| PGEL | 557.25 | 600 |
| PHOENIXLTD | 1559.5 | 1400 |
| PIDILITIND | 3100.4 | 3100 |
| PIIND | 3787.2 | 3800 |
| PNB | 102.77 | 108 |
| PNBHOUSING | 782.9 | 1000 |
| POLICYBZR | 1835.1 | 1800 |
| POLYCAB | 7064 | 6800 |
| POWERGRID | 279.9 | 290 |
| PPLPHARMA | 189.36 | 190 |
| PRESTIGE | 1609 | 1620 |
| RBLBANK | 255.4 | 230 |
| RECLTD | 363.55 | 390 |
| RELIANCE | 1384.9 | 1400 |
| RVNL | 312.7 | 320 |
| SAIL | 119.94 | 125 |
| SBICARD | 815.7 | 900 |
| SBILIFE | 1816.6 | 1840 |
| SBIN | 807.85 | 820 |
| SHREECEM | 30110 | 30000 |
| SHRIRAMFIN | 594.7 | 600 |
| SIEMENS | 3048 | 3100 |
| SOLARINDS | 14233 | 15000 |
| SONACOMS | 453.7 | 440 |
| SRF | 2849.2 | 2800 |
| SUNPHARMA | 1600.3 | 1600 |
| SUPREMEIND | 4574.4 | 4200 |
| SYNGENE | 648.8 | 660 |
| TATACHEM | 935.3 | 960 |
| TATACONSUM | 1079.9 | 1100 |
| TATAELXSI | 5478.5 | 7000 |
| TATAMOTORS | 681.65 | 680 |
| TATAPOWER | 377.75 | 385 |
| TATASTEEL | 155.03 | 160 |
| TATATECH | 679.15 | 700 |
| TCS | 3157.2 | 3000 |
| TECHM | 1502.2 | 1500 |
| TIINDIA | 3028.4 | 3000 |
| TITAGARH | 869.3 | 780 |
| TITAN | 3594 | 3400 |
| TORNTPHARM | 3604.8 | 3700 |
| TORNTPOWER | 1270.2 | 1240 |
| TRENT | 5295 | 5400 |
| TVSMOTOR | 3272.3 | 3000 |
| ULTRACEMCO | 12610 | 11600 |
| UNIONBANK | 129.67 | 135 |
| UNITDSPR | 1302.8 | 1400 |
| UNOMINDA | 1276.8 | 1100 |
| UPL | 723.1 | 700 |
| VBL | 508.55 | 500 |
| VEDL | 428.2 | 440 |
| VOLTAS | 1347.3 | 1300 |
| WIPRO | 252.03 | 245 |
| YESBANK | 18.95 | 20 |
| ZYDUSLIFE | 987.85 | 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.
