SENSEX
Sensex
Max pain for SENSEX
28 Sep 2025 10:07 PM IST
Max Pain for SENSEX is 81000
Strike 79600 has a total call value of 0 versus a total put value of 1,054,400,000 Combined total value = 1,054,400,000
Strike 79700 has a total call value of 0 versus a total put value of 962,400,000 Combined total value = 962,400,000
Strike 79800 has a total call value of 0 versus a total put value of 870,400,000 Combined total value = 870,400,000
Strike 79900 has a total call value of 0 versus a total put value of 778,400,000 Combined total value = 778,400,000
Strike 80000 has a total call value of 0 versus a total put value of 686,400,000 Combined total value = 686,400,000
Strike 80100 has a total call value of 10,400,000 versus a total put value of 604,800,000 Combined total value = 615,200,000
Strike 80200 has a total call value of 20,800,000 versus a total put value of 523,200,000 Combined total value = 544,000,000
Strike 80300 has a total call value of 31,200,000 versus a total put value of 441,600,000 Combined total value = 472,800,000
Strike 80400 has a total call value of 41,600,000 versus a total put value of 360,000,000 Combined total value = 401,600,000
Strike 80500 has a total call value of 52,000,000 versus a total put value of 278,400,000 Combined total value = 330,400,000
Strike 80600 has a total call value of 64,400,000 versus a total put value of 236,200,000 Combined total value = 300,600,000
Strike 80700 has a total call value of 76,800,000 versus a total put value of 194,000,000 Combined total value = 270,800,000
Strike 80800 has a total call value of 89,200,000 versus a total put value of 158,000,000 Combined total value = 247,200,000
Strike 80900 has a total call value of 101,600,000 versus a total put value of 122,000,000 Combined total value = 223,600,000
Strike 81000 has a total call value of 114,000,000 versus a total put value of 86,000,000 Combined total value = 200,000,000
Strike 81100 has a total call value of 144,400,000 versus a total put value of 69,200,000 Combined total value = 213,600,000
Strike 81200 has a total call value of 174,800,000 versus a total put value of 52,400,000 Combined total value = 227,200,000
Strike 81300 has a total call value of 205,200,000 versus a total put value of 35,600,000 Combined total value = 240,800,000
Strike 81400 has a total call value of 235,600,000 versus a total put value of 18,800,000 Combined total value = 254,400,000
Strike 81500 has a total call value of 266,400,000 versus a total put value of 2,000,000 Combined total value = 268,400,000
Strike 81600 has a total call value of 312,200,000 versus a total put value of 1,800,000 Combined total value = 314,000,000
Strike 81700 has a total call value of 358,000,000 versus a total put value of 1,600,000 Combined total value = 359,600,000
Strike 81800 has a total call value of 404,600,000 versus a total put value of 1,400,000 Combined total value = 406,000,000
Strike 81900 has a total call value of 451,200,000 versus a total put value of 1,200,000 Combined total value = 452,400,000
Strike 82000 has a total call value of 497,800,000 versus a total put value of 1,000,000 Combined total value = 498,800,000
Strike 82100 has a total call value of 544,400,000 versus a total put value of 800,000 Combined total value = 545,200,000
Strike 82200 has a total call value of 591,000,000 versus a total put value of 600,000 Combined total value = 591,600,000
Strike 82300 has a total call value of 637,600,000 versus a total put value of 400,000 Combined total value = 638,000,000
Strike 82400 has a total call value of 684,800,000 versus a total put value of 200,000 Combined total value = 685,000,000
Strike 82500 has a total call value of 732,000,000 versus a total put value of 0 Combined total value = 732,000,000
Strike 82600 has a total call value of 779,400,000 versus a total put value of 0 Combined total value = 779,400,000
Strike 82700 has a total call value of 826,800,000 versus a total put value of 0 Combined total value = 826,800,000
Strike 82800 has a total call value of 874,200,000 versus a total put value of 0 Combined total value = 874,200,000
Strike 82900 has a total call value of 921,600,000 versus a total put value of 0 Combined total value = 921,600,000
Strike 83000 has a total call value of 969,000,000 versus a total put value of 0 Combined total value = 969,000,000
Strike 83100 has a total call value of 1,016,400,000 versus a total put value of 0 Combined total value = 1,016,400,000
Strike 83200 has a total call value of 1,063,800,000 versus a total put value of 0 Combined total value = 1,063,800,000
Strike 83300 has a total call value of 1,111,200,000 versus a total put value of 0 Combined total value = 1,111,200,000
Strike 83400 has a total call value of 1,158,600,000 versus a total put value of 0 Combined total value = 1,158,600,000
Strike 83500 has a total call value of 1,206,000,000 versus a total put value of 0 Combined total value = 1,206,000,000
Strike 83600 has a total call value of 1,253,400,000 versus a total put value of 0 Combined total value = 1,253,400,000
Strike 83700 has a total call value of 1,300,800,000 versus a total put value of 0 Combined total value = 1,300,800,000
Strike 83800 has a total call value of 1,348,200,000 versus a total put value of 0 Combined total value = 1,348,200,000
Strike 83900 has a total call value of 1,395,600,000 versus a total put value of 0 Combined total value = 1,395,600,000
Strike 84000 has a total call value of 1,443,000,000 versus a total put value of 0 Combined total value = 1,443,000,000
Strike 84100 has a total call value of 1,490,400,000 versus a total put value of 0 Combined total value = 1,490,400,000
Strike 84200 has a total call value of 1,537,800,000 versus a total put value of 0 Combined total value = 1,537,800,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1001.8 | 1100 |
| ABB | 5173.4 | 5400 |
| ABCAPITAL | 278.9 | 285 |
| ADANIENSOL | 879.2 | 900 |
| ADANIENT | 2543.7 | 2600 |
| ADANIGREEN | 1047.4 | 1100 |
| ADANIPORTS | 1392 | 1440 |
| ALKEM | 5433 | 5500 |
| AMBER | 8162.5 | 8400 |
| AMBUJACEM | 565.2 | 600 |
| ANGELONE | 2136.4 | 2200 |
| APLAPOLLO | 1660.1 | 1700 |
| APOLLOHOSP | 7510 | 7650 |
| ASHOKLEY | 141.93 | 140 |
| ASIANPAINT | 2342.8 | 2420 |
| ASTRAL | 1373.8 | 1460 |
| AUBANK | 743.2 | 740 |
| AUROPHARMA | 1090 | 1100 |
| AXISBANK | 1154 | 1140 |
| BAJAJ-AUTO | 8702 | 9000 |
| BAJAJFINSV | 2003.2 | 2020 |
| BAJFINANCE | 985.1 | 1000 |
| BANDHANBNK | 155.02 | 162.5 |
| BANKBARODA | 248.45 | 250 |
| BANKINDIA | 116.33 | 120 |
| BDL | 1497.8 | 1600 |
| BEL | 395.9 | 400 |
| BHARATFORG | 1181.1 | 1220 |
| BHARTIARTL | 1916.6 | 1920 |
| BHEL | 231.01 | 240 |
| BIOCON | 338.9 | 360 |
| BLUESTARCO | 1890.1 | 1940 |
| BOSCHLTD | 38150 | 39000 |
| BPCL | 324.35 | 330 |
| BRITANNIA | 5920.5 | 6000 |
| BSE | 2043.2 | 2150 |
| CAMS | 3800 | 4000 |
| CANBK | 118.08 | 120 |
| CDSL | 1467.7 | 1540 |
| CGPOWER | 739.4 | 760 |
| CHOLAFIN | 1569.9 | 1580 |
| CIPLA | 1499.4 | 1520 |
| COALINDIA | 389.15 | 400 |
| COFORGE | 1538.5 | 1640 |
| COLPAL | 2224.3 | 2340 |
| CONCOR | 524.8 | 550 |
| CROMPTON | 292.6 | 305 |
| CUMMINSIND | 3947.6 | 4000 |
| CYIENT | 1134.1 | 1200 |
| DABUR | 499.75 | 510 |
| DALBHARAT | 2215.4 | 2320 |
| DELHIVERY | 445.7 | 460 |
| DIVISLAB | 5689.5 | 6000 |
| DIXON | 17511 | 18000 |
| DLF | 716.05 | 740 |
| DMART | 4517.8 | 4600 |
| DRREDDY | 1253.1 | 1300 |
| EICHERMOT | 7047 | 7000 |
| ETERNAL | 321 | 320 |
| EXIDEIND | 388.8 | 400 |
| FEDERALBNK | 191.82 | 200 |
| FORTIS | 932.75 | 930 |
| GAIL | 172.02 | 180 |
| GLENMARK | 1971.7 | 2000 |
| GMRAIRPORT | 87.28 | 90 |
| GODREJCP | 1163.9 | 1200 |
| GODREJPROP | 1957.6 | 2000 |
| GRASIM | 2746.8 | 2800 |
| HAL | 4736.1 | 4800 |
| HAVELLS | 1507.4 | 1560 |
| HCLTECH | 1395.3 | 1440 |
| HDFCAMC | 5621 | 5800 |
| HDFCBANK | 945.05 | 960 |
| HDFCLIFE | 764.4 | 770 |
| HEROMOTOCO | 5328 | 5350 |
| HFCL | 72.1 | 75 |
| HINDALCO | 743.85 | 750 |
| HINDPETRO | 422.25 | 420 |
| HINDUNILVR | 2511.8 | 2600 |
| HINDZINC | 449.1 | 460 |
| HUDCO | 220.05 | 230 |
| ICICIBANK | 1359.6 | 1400 |
| ICICIGI | 1894 | 1900 |
| ICICIPRULI | 585.5 | 600 |
| IDEA | 8.02 | 8 |
| IDFCFIRSTB | 68.59 | 71 |
| IEX | 137.76 | 145 |
| IGL | 202.26 | 210 |
| IIFL | 419.35 | 450 |
| INDHOTEL | 709.8 | 750 |
| INDIANB | 706.35 | 710 |
| INDIGO | 5561 | 5800 |
| INDUSINDBK | 712.75 | 750 |
| INDUSTOWER | 346.3 | 360 |
| INFY | 1448.9 | 1500 |
| INOXWIND | 137.46 | 145 |
| IOC | 145.04 | 147.5 |
| IRCTC | 703.1 | 730 |
| IREDA | 146.28 | 155 |
| IRFC | 121.91 | 130 |
| ITC | 405.1 | 410 |
| JINDALSTEL | 1029.5 | 1050 |
| JIOFIN | 295.85 | 315 |
| JSWENERGY | 520.1 | 530 |
| JSWSTEEL | 1130.8 | 1120 |
| JUBLFOOD | 606.9 | 630 |
| KALYANKJIL | 455.8 | 480 |
| KAYNES | 7341 | 7000 |
| KEI | 4049.3 | 4150 |
| KFINTECH | 1070.8 | 1100 |
| KOTAKBANK | 1994.8 | 2040 |
| KPITTECH | 1212.8 | 1260 |
| LAURUSLABS | 832.3 | 880 |
| LICHSGFIN | 564.95 | 590 |
| LICI | 872.45 | 900 |
| LODHA | 1141.1 | 1200 |
| LT | 3729.5 | 3700 |
| LTF | 236.29 | 240 |
| LTIM | 5075 | 5200 |
| LUPIN | 1919.8 | 2000 |
| M&M | 3396.5 | 3500 |
| MANAPPURAM | 276.9 | 280 |
| MANKIND | 2482.9 | 2600 |
| MARICO | 698.35 | 710 |
| MARUTI | 16286 | 16000 |
| MAXHEALTH | 1123.4 | 1160 |
| MAZDOCK | 2827.6 | 3000 |
| MCX | 7920.5 | 8000 |
| MFSL | 1545.6 | 1600 |
| MOTHERSON | 105.66 | 107.5 |
| MPHASIS | 2642.4 | 2800 |
| MUTHOOTFIN | 3020.3 | 3000 |
| NATIONALUM | 200.58 | 210 |
| NAUKRI | 1316.2 | 1400 |
| NBCC | 105.18 | 110 |
| NCC | 202.51 | 210 |
| NESTLEIND | 1162.6 | 1190 |
| NHPC | 83.64 | 85 |
| NMDC | 74.99 | 78 |
| NTPC | 337.9 | 345 |
| NUVAMA | 6115 | 6200 |
| NYKAA | 230.62 | 240 |
| OBEROIRLTY | 1577.7 | 1640 |
| OFSS | 8515 | 9000 |
| OIL | 410.25 | 420 |
| ONGC | 238.02 | 240 |
| PAGEIND | 41240 | 43000 |
| PATANJALI | 589 | 600 |
| PAYTM | 1125.2 | 1180 |
| PERSISTENT | 4951 | 5200 |
| PETRONET | 266.9 | 280 |
| PFC | 397.3 | 410 |
| PGEL | 514.65 | 540 |
| PHOENIXLTD | 1540.4 | 1600 |
| PIDILITIND | 1474.8 | 1500 |
| PIIND | 3487.6 | 3600 |
| PNB | 107.79 | 110 |
| PNBHOUSING | 864.1 | 860 |
| POLICYBZR | 1677.1 | 1700 |
| POLYCAB | 7322.5 | 7400 |
| POWERGRID | 282.25 | 290 |
| PPLPHARMA | 187.73 | 200 |
| PRESTIGE | 1507.4 | 1560 |
| RBLBANK | 272.35 | 270 |
| RECLTD | 367.4 | 380 |
| RELIANCE | 1377.6 | 1400 |
| RVNL | 337.8 | 350 |
| SAIL | 131.02 | 135 |
| SAMMAANCAP | 137.82 | 140 |
| SBICARD | 873.85 | 880 |
| SBILIFE | 1798.8 | 1800 |
| SBIN | 856.95 | 860 |
| SHREECEM | 28910 | 30000 |
| SHRIRAMFIN | 606.05 | 630 |
| SIEMENS | 3096.3 | 3200 |
| SILVER | 0 | 135000 |
| SILVERM | 142014 | 137000 |
| SOLARINDS | 13766 | 14250 |
| SONACOMS | 407.1 | 420 |
| SRF | 2806.9 | 2900 |
| SUNPHARMA | 1586.7 | 1600 |
| SUPREMEIND | 4234.2 | 4400 |
| SUZLON | 55.28 | 57 |
| SYNGENE | 609.45 | 640 |
| TATACONSUM | 1119 | 1120 |
| TATAELXSI | 5303 | 5500 |
| TATAMOTORS | 672.9 | 700 |
| TATAPOWER | 383.8 | 400 |
| TATASTEEL | 167.4 | 170 |
| TATATECH | 667.3 | 700 |
| TCS | 2899.1 | 3000 |
| TECHM | 1407.7 | 1500 |
| TIINDIA | 3129.1 | 3200 |
| TITAGARH | 879.25 | 900 |
| TITAN | 3327.3 | 3400 |
| TORNTPHARM | 3561 | 3550 |
| TORNTPOWER | 1233.3 | 1300 |
| TRENT | 4679 | 4900 |
| TVSMOTOR | 3414.4 | 3400 |
| ULTRACEMCO | 12070 | 12400 |
| UNIONBANK | 134.08 | 140 |
| UNITDSPR | 1297.4 | 1360 |
| UNOMINDA | 1268.9 | 1300 |
| UPL | 648 | 680 |
| VBL | 444.75 | 460 |
| VEDL | 447.95 | 460 |
| VOLTAS | 1340.2 | 1380 |
| WIPRO | 235.75 | 247.5 |
| YESBANK | 20.97 | 21 |
| ZYDUSLIFE | 975 | 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.
