Use spot price to compare whether the current market is already near the strongest pain zone or still away from it.
Estimated max pain strike
24,000
AI Result Summary
AI ActiveThe lowest aggregate payout zone is identified
Across 5 strikes, the minimum combined option payout occurs near 24,000. This is the current max pain reference from the entered OI data.
Key takeaway
The three lowest-payout strikes are 24,000, 24,100, 23,900. Spot is ₹24,000, so compare price location against this pain zone instead of assuming immediate convergence.
Rows Parsed
5
valid OI rows
Minimum Aggregate Payout
₹9,60,00,000
lower implies stronger pain point
Total Call OI
11,30,000
across entered strikes
Put/Call OI Ratio
0.97
broad OI balance
Spot Price
₹24,000
current reference
Spot vs Max Pain
₹0
distance to pain strike
Closest Entered Strike
24,000
nearest strike to spot
Closest Strike Payout
₹9,60,00,000
at nearest strike
Aggregate Payout by Strike
Lower payout bars indicate stronger max pain candidates.
23,800
Aggregate payout: ₹21,10,00,000
23,900
Aggregate payout: ₹13,40,00,000
24,000
Aggregate payout: ₹9,60,00,000
24,100
Aggregate payout: ₹10,60,00,000
24,200
Aggregate payout: ₹16,70,00,000
Lowest-Payout Zone
Rank 1
24,000
₹9,60,00,000
Rank 2
24,100
₹10,60,00,000
Rank 3
23,900
₹13,40,00,000
How to use this Max Pain Checker
- Enter realistic values based on your current plan or trade setup.
- Review the output metrics, not just the headline number.
- Run multiple scenarios to compare best/base/worst cases.
Practical tips
- Use max pain as context, not as a directional signal.
- Monitor how far spot is from max pain as OI shifts near expiry.
- Combine with price action and support/resistance levels.
Model assumptions
- OI data quality and timing materially affect outputs.
- Model minimizes aggregate payout at expiry only.
- Intraday hedging behavior and live spot movement are not represented automatically.
Max pain is a heuristic and should not be used as a standalone trading signal.