Live Max Pain Calculator for Nifty & BankNifty
The max pain strike, recomputed in real time across the full OI chain — not yesterday's number.
Max pain is the strike at which option buyers lose the most and writers pay out the least — and it shifts all day as open interest moves. Quintal Mind recomputes it live across the entire option chain, so you always see the current max pain, not a stale end-of-day figure.
Alongside the max pain strike you get the distance from spot and the call/put OI distribution that drives it, for Nifty, BankNifty, FinNifty and Sensex into every weekly and monthly expiry.
Try It Free →What It Does
Live max pain strike
The max pain level recomputed across the full OI chain as open interest changes through the day.
Distance from spot
See how far spot sits from max pain — a quick read on potential pull into expiry.
OI distribution
The call and put OI by strike that drives the max pain calculation, shown clearly.
All major indices
Max pain for Nifty, BankNifty, FinNifty, MidcpNifty and Sensex.
Weekly & monthly expiries
Track max pain into each upcoming weekly and monthly expiry.
Pairs with PCR & OI
Read it next to the live PCR and OI tools for a complete positioning picture.
How It Works
- Pick an indexNifty, BankNifty, FinNifty or Sensex.
- Read the max pain strikeThe calculator scans every strike to find where total option-writer payout is lowest.
- Check distance from spotCompare max pain to live spot to gauge possible expiry pull.
- Cross-check OIUse the OI distribution and PCR tools to confirm the positioning read.
Supported Markets
What Traders Use It For
- See where Nifty max pain sits ahead of weekly expiry
- Watch max pain migrate intraday as OI builds and unwinds
- Compare max pain across Nifty and BankNifty in one view
- Combine max pain with PCR and OI for an expiry-day bias
Frequently Asked Questions
What is max pain?
Max pain is the strike price at which the largest number of option contracts (calls plus puts) expire worthless, meaning option writers pay out the least and buyers lose the most. Price is often theorised to gravitate toward it near expiry.
Is the max pain figure live?
Yes — Quintal Mind recomputes max pain across the full option chain in real time as open interest changes, so it never shows a stale end-of-day number.
Which indices are supported?
Nifty, BankNifty, FinNifty, MidcpNifty, Bankex and Sensex, into each upcoming weekly and monthly expiry.
How is max pain calculated?
For every strike, the tool sums the total payout option writers would owe given the current OI distribution; the strike with the minimum total payout is the max pain strike.
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See Max Pain Calculator Live
Real-time analytics for Nifty, BankNifty, Sensex and MCX commodities — built for spread traders.
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