NIFTY Max Pain Today

2026-11-12 close

The strike where NIFTY 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 NIFTY settled on past expiry days.

25,000max pain for 1 Dec · NIFTY 25,299, 299 points aboveThu, 12 Nov close

Expiry17 Nov 5d 23 Nov 11d 1 Dec 19d 8 Dec 26d

In plain words: If NIFTY settles at 25,000 on 1 Dec, option buyers together get the least, which is why some traders expect prices to drift towards it near expiry. Max pain held at 25,000 all day. On the last 2 expiry days NIFTY closed within 45 points of max pain (9 Nov: 25,045 against 25,000; 3 Nov: 23,732 against 23,750). It is a tendency, not a rule.

Max pain

25,000

1 Dec expiry

NIFTY

25,299.35

at 15:40

NIFTY vs max pain

+299 pts

above max pain

At the open

25,000

unchanged

PCR (OI)

0.45

from 0.38

Days to expiry

Tue, 1 Dec

Pain at each expiry price

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

Calls in the moneyPuts in the moneyMax painNIFTY now

Through the day

max pain and NIFTY, minute by minute

Max painNIFTY

Max pain by expiry

each expiry has its own

Expiry	Days left	Max pain	vs NIFTY	PCR
17 Nov	5	25,200	−99	0.81
23 Nov	11	25,100	−199	0.87
1 Dec	19	25,000	−299	0.45
8 Dec	26	25,350	+51	1.08

On expiry day

where NIFTY closed against max pain

Expiry	Max pain	Close	Gap
Mon, 9 Nov	25,000	25,044.65	+45 pts (0.18%)
Tue, 3 Nov	23,750	23,731.85	−18 pts (0.08%)

Grows with every expiry we record.

Daily history

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

Day	Expiry	Max pain	NIFTY	Gap
Thu, 12 Nov	17 Nov	25,200	25,299.35	+99 pts
Wed, 11 Nov	17 Nov	25,200	25,255.05	+55 pts
Mon, 9 Nov expiry day	9 Nov	25,000 ▲ 200	25,044.65	+45 pts
Fri, 6 Nov	9 Nov	24,800 ▲ 400	25,030.35	+230 pts
Thu, 5 Nov	9 Nov	24,400 ▲ 600	24,536.60	+137 pts
Wed, 4 Nov	9 Nov	23,800	23,960.60	+161 pts
Tue, 3 Nov expiry day	3 Nov	23,750	23,731.85	−18 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 NIFTY max pain today?

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