SENSEX Max Pain Today

2026-11-12 close

The strike where SENSEX 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 SENSEX settled on past expiry days.

82,000max pain for 3 Dec · SENSEX 81,911, 89 points belowThu, 12 Nov close

Expiry12 Nov 0d 19 Nov 7d 26 Nov 14d 3 Dec 21d

In plain words: If SENSEX settles at 82,000 on 3 Dec, option buyers together get the least, which is why some traders expect prices to drift towards it near expiry. Max pain moved between 82,000 and 82,600 today, from 82,000 at the open. On the last 2 expiry days SENSEX closed within 12 points of max pain (12 Nov: 81,911 against 81,900; 5 Nov: 79,310 against 79,300). It is a tendency, not a rule.

Max pain

82,000

3 Dec expiry

SENSEX

81,911.01

at 15:40

SENSEX vs max pain

−89 pts

below max pain

At the open

82,000

range 82,000 – 82,600

PCR (OI)

0.61

from 1.32

Days to expiry

Thu, 3 Dec

Pain at each expiry price

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

Calls in the moneyPuts in the moneyMax painSENSEX now

Through the day

max pain and SENSEX, minute by minute

Max painSENSEX

Max pain by expiry

each expiry has its own

Expiry	Days left	Max pain	vs SENSEX	PCR
12 Nov	0	81,900	−11	0.89
19 Nov	7	82,000	+89	0.80
26 Nov	14	82,000	+89	1.26
3 Dec	21	82,000	+89	0.61

On expiry day

where SENSEX closed against max pain

Expiry	Max pain	Close	Gap
Thu, 12 Nov	81,900	81,911.01	+11 pts (0.01%)
Thu, 5 Nov	79,300	79,310.01	+10 pts (0.01%)

Grows with every expiry we record.

Daily history

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

Day	Expiry	Max pain	SENSEX	Gap
Thu, 12 Nov expiry day	12 Nov	81,900 ▲ 100	81,911.01	+11 pts
Wed, 11 Nov	12 Nov	81,800 ▲ 900	81,879.40	+79 pts
Mon, 9 Nov	12 Nov	80,900 ▼ 1,200	81,106.65	+207 pts
Fri, 6 Nov	12 Nov	82,100	81,028.02	−1,072 pts
Thu, 5 Nov expiry day	5 Nov	79,300 ▲ 2,200	79,310.01	+10 pts
Wed, 4 Nov	5 Nov	77,100 ▲ 600	77,301.40	+201 pts
Tue, 3 Nov	5 Nov	76,500	76,917.85	+418 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 SENSEX max pain today?

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