Trading tools / Max pain

BANKEX Max Pain Today

2026-11-12 close

The strike where BANKEX option buyers as a whole would get the least at expiry, worked out every minute from our recorded open interest, for each expiry, with how it moved and how close BANKEX settled on past expiry days.

68,500max pain for 26 Nov · BANKEX 69,251, 751 points aboveThu, 12 Nov close
Expiry26 Nov 14d31 Dec 49d

In plain words: If BANKEX settles at 68,500 on 26 Nov, option buyers together get the least, which is why some traders expect prices to drift towards it near expiry. Max pain moved between 68,000 and 68,500 today, from 68,000 at the open.

Max pain
68,500
26 Nov expiry
BANKEX
69,251.21
at 15:40
BANKEX vs max pain
+751 pts
above max pain
At the open
68,000
range 68,000 – 68,500
PCR (OI)
0.67
from 0.88
Days to expiry
14
Thu, 26 Nov

Pain at each expiry price

what option buyers would be paid in total if BANKEX settled there · the lowest is max pain · tap a bar
Calls in the moneyPuts in the moneyMax painBANKEX now

Through the day

max pain and BANKEX, minute by minute
Max painBANKEX

Max pain by expiry

each expiry has its own
ExpiryDays leftMax painvs BANKEXPCR
26 Nov1468,500−7510.67
31 Dec4968,500−751–

On expiry day

where BANKEX closed against max pain

No expiry day recorded yet for BANKEX.

Grows with every expiry we record.

Daily history

max pain of the nearest expiry at each day's close
DayExpiryMax painBANKEXGap
Thu, 12 Nov26 Nov68,500 ▲ 50069,251.21+751 pts
Wed, 11 Nov26 Nov68,000 ▲ 1,00068,540.49+540 pts
Mon, 9 Nov26 Nov67,000 ▲ 1,50067,235.21+235 pts
Fri, 6 Nov26 Nov65,500 ▲ 1,50066,470.03+970 pts
Thu, 5 Nov26 Nov64,000 ▲ 1,40065,044.54+1,045 pts
Wed, 4 Nov26 Nov62,60062,872.51+273 pts

Max pain for other symbols

NIFTYBANKNIFTYFINNIFTYMIDCPNIFTYSENSEXBANKEXCRUDEOILNATURALGASGOLDSILVERCRUDEOILMNATGASMINIGOLDMSILVERMCOPPERZINC

Information only, not investment advice.

What is BANKEX max pain today?

It is shown at the top of this page for each BANKEX expiry, worked out every minute from the open interest at every strike.

How is max pain calculated?

For each possible settlement price, add up what every open call and put would be worth at expiry (open interest × how far in the money). The price with the smallest total is max pain.

Does BANKEX really close near max pain on expiry?

Sometimes, especially in quiet markets: option writers hold most open interest and gain most there. The table on this page shows how close it came on past expiry days. It is a tendency, not a rule; news can move prices far from it.

Why is max pain different for each expiry?

Each expiry has its own open interest at each strike, so each has its own max pain.

How often is it updated?

Every minute during market hours, from our recorded option chains. After the close the page shows the day's final reading.

New to this? Read the guideWhat is max pain?7 min read

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