Tools

NIFTY Max Pain Calculator.

The strike where option writers lose the least — and, historically, where price gravitates into expiry. Free snapshot, 15-minute delayed. The full real-time chain across all strikes lives in the terminal.

NIFTY SENSEX
Max Pain Strike
22,500
Spot
22,562.40
Expiry
2026-10-13

15-minute delayed snapshot · as of 09 Oct 2026, 15:39 IST · strikes near spot, NIFTY weekly expiry

Strikes near spot

Strike Call OI Put OI Total OI
22,300 1,928,810 11,560,185 13,488,995
22,350 1,043,575 5,179,525 6,223,100
22,400 2,939,820 10,872,160 13,811,980
22,450 1,760,655 5,408,455 7,169,110
22,500MAX PAIN 9,898,460 13,191,165 23,089,625
22,550 3,829,930 4,070,950 7,900,880
22,600 7,754,955 4,138,745 11,893,700
22,650 3,664,700 1,364,545 5,029,245
22,700 9,573,395 3,143,205 12,716,600
22,750 4,234,165 554,905 4,789,070
22,800 8,408,595 1,024,920 9,433,515

How Max Pain works

Max Pain is the strike where total payout to option holders is smallest, so writers as a group lose the least. It uses open interest only: for each candidate strike, sum what every ITM call and put would be worth at settlement there, and take the minimum. Max Pain, explained →

A snapshot: one read up to 15 minutes old, with a window of strikes near spot. The terminal recalculates live across every strike.

Related reading

Max Pain Explained →

The worked calculation, step by step, and when the signal fails.

PCR Explained →

Put-Call Ratio — the positioning signal that pairs with Max Pain.

OI Buildup Explained →

Reading fresh positioning from open-interest change, not just OI levels.

Want Max Pain live, every tick, across all six indices — plus PCR, OI Buildup and autotrade? Login to the terminal →