What is Max Pain in options?

Max Pain is the strike price at which the total financial loss of all option buyers — both calls and puts — is maximised at expiry. It is the price where option sellers (writers) profit the most.

How is Nifty Max Pain calculated?

Max Pain is calculated by summing the total in-the-money value of all open call and put positions at each strike. The strike with the lowest total payout to option buyers is the Max Pain level.

Is Nifty Max Pain reliable for expiry predictions?

Max Pain is widely watched but not a guarantee. Index prices tend to gravitate toward Max Pain in the final days before expiry, especially on weekly expiry. It works best in low-volatility, range-bound markets.

Live Sensex Max Pain Analysis & Option Expiry Levels

Settings

Date

Index

Expiry

PCR

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Max Pain

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Total Call OI

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Total Put OI

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Spot —

PCR

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Max Pain

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Free SENSEX Max Pain Level Analysis — Live

The ultimate tool for Max Pain analysis. Track live SENSEX Max Pain levels and identify the expiry target strike where option buyers lose maximum premium. View all Max Pain charts on the Max Pain Hub.

SENSEX Max Pain Chart — Expiry Dynamics

Monitor intraday shifts in Max Pain levels to anticipate where market makers may drive the index toward expiry. Max Pain is where total option buyer losses are maximized at settlement.

SENSEX Max Pain — Related Tools