Max Pain Strategy
NIFTY
Max Pain Analysis
Max Pain Level: 0
Total Pain: ₹0.0 Lakhs
Open Interest Distribution
Options Data (Editable)
| Strike | Call OI | Put OI | Total OI | Pain if Expiry Here |
|---|
How Max Pain Works
Calculation Logic:
- • Call Pain: Sum of (Test Strike - Call Strike) × Call OI for ITM calls
- • Put Pain: Sum of (Put Strike - Test Strike) × Put OI for ITM puts
- • Total Pain: Call Pain + Put Pain
- • Max Pain: Strike with minimum total pain
Trading Implications:
- • Market tends to drift toward max pain near expiry
- • Higher OI creates stronger gravitational pull
- • More relevant for weekly/monthly expiries
- • Combine with GEX for better analysis
Current Analysis: Max pain is at 0, which is below current price (29450). This suggests downward pressure as expiry approaches.