NSE Options Max Pain Calculator

What is Options Max Pain in the Indian Market?

Max Pain is a concept that suggests the price of an underlying asset (like Nifty or BankNifty) will gravitate towards a "strike price" where the largest number of option buyers will lose money. This happens because institutional option writers (Market Makers) want to pay out the minimum amount possible at expiry.

How to Read PCR (Put-Call Ratio)

• PCR > 1.0: Indicates more Puts are being written than Calls. This is generally Bullish but can signal a reversal if it reaches extreme levels (Overbought).
• PCR < 0.7: Indicates more Calls are being written than Puts. This is generally Bearish but can signal a bottom if it reaches extreme levels (Oversold).