BANKNIFTY Max Pain Today

2026-11-12 close

The strike where BANKNIFTY 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 BANKNIFTY settled on past expiry days.

61,000max pain for 29 Dec · BANKNIFTY 61,519, 519 points aboveThu, 12 Nov close

Expiry23 Nov 11d 29 Dec 47d

In plain words: If BANKNIFTY settles at 61,000 on 29 Dec, option buyers together get the least, which is why some traders expect prices to drift towards it near expiry. Max pain held at 61,000 all day.

Max pain

61,000

29 Dec expiry

BANKNIFTY

61,518.50

at 15:40

BANKNIFTY vs max pain

+519 pts

above max pain

At the open

61,000

unchanged

PCR (OI)

0.77

from 0.73

Days to expiry

Tue, 29 Dec

Pain at each expiry price

what option buyers would be paid in total if BANKNIFTY settled there · the lowest is max pain · tap a bar

Calls in the moneyPuts in the moneyMax painBANKNIFTY now

Through the day

max pain and BANKNIFTY, minute by minute

Max painBANKNIFTY

Max pain by expiry

each expiry has its own

Expiry	Days left	Max pain	vs BANKNIFTY	PCR
23 Nov	11	60,500	−1,019	0.75
29 Dec	47	61,000	−519	0.77

On expiry day

where BANKNIFTY closed against max pain

No expiry day recorded yet for BANKNIFTY.

Grows with every expiry we record.

Daily history

max pain of the nearest expiry at each day's close

Day	Expiry	Max pain	BANKNIFTY	Gap
Thu, 12 Nov	23 Nov	60,500	61,518.50	+1,019 pts
Wed, 11 Nov	23 Nov	60,500 ▲ 1,500	60,792.40	+292 pts
Mon, 9 Nov	23 Nov	59,000 ▲ 1,000	59,741.25	+741 pts
Fri, 6 Nov	23 Nov	58,000 ▲ 400	59,086.00	+1,086 pts
Thu, 5 Nov	23 Nov	57,600 ▲ 2,100	57,773.65	+174 pts
Wed, 4 Nov	23 Nov	55,500 ▲ 100	55,913.60	+414 pts
Tue, 3 Nov	23 Nov	55,400	55,540.05	+140 pts

Max pain for other symbols

NIFTY BANKNIFTY FINNIFTY MIDCPNIFTY SENSEX BANKEX CRUDEOIL NATURALGAS GOLD SILVER CRUDEOILM NATGASMINI GOLDM SILVERM COPPER ZINC

Information only, not investment advice.

What is BANKNIFTY max pain today?

It is shown at the top of this page for each BANKNIFTY 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 BANKNIFTY 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.