SBIN
STATE BANK OF INDIA
Max pain for SBIN
28 Mar 2024 03:58 PM IST
Max Pain for SBIN is 750
Strike 600 has a total call value of 0 versus a total put value of 217,281,000,000 Combined total value = 217,281,000,000
Strike 605 has a total call value of 0 versus a total put value of 208,615,500,000 Combined total value = 208,615,500,000
Strike 610 has a total call value of 0 versus a total put value of 199,950,000,000 Combined total value = 199,950,000,000
Strike 615 has a total call value of 0 versus a total put value of 191,284,500,000 Combined total value = 191,284,500,000
Strike 620 has a total call value of 0 versus a total put value of 182,619,000,000 Combined total value = 182,619,000,000
Strike 625 has a total call value of 38,250,000 versus a total put value of 173,982,000,000 Combined total value = 174,020,250,000
Strike 630 has a total call value of 76,500,000 versus a total put value of 165,345,000,000 Combined total value = 165,421,500,000
Strike 635 has a total call value of 114,750,000 versus a total put value of 156,762,750,000 Combined total value = 156,877,500,000
Strike 640 has a total call value of 153,000,000 versus a total put value of 148,180,500,000 Combined total value = 148,333,500,000
Strike 645 has a total call value of 222,750,000 versus a total put value of 139,650,750,000 Combined total value = 139,873,500,000
Strike 650 has a total call value of 292,500,000 versus a total put value of 131,121,000,000 Combined total value = 131,413,500,000
Strike 655 has a total call value of 399,750,000 versus a total put value of 122,991,000,000 Combined total value = 123,390,750,000
Strike 660 has a total call value of 507,000,000 versus a total put value of 114,861,000,000 Combined total value = 115,368,000,000
Strike 665 has a total call value of 614,250,000 versus a total put value of 106,845,750,000 Combined total value = 107,460,000,000
Strike 670 has a total call value of 721,500,000 versus a total put value of 98,846,250,000 Combined total value = 99,567,750,000
Strike 675 has a total call value of 847,500,000 versus a total put value of 91,011,000,000 Combined total value = 91,858,500,000
Strike 680 has a total call value of 973,500,000 versus a total put value of 83,187,750,000 Combined total value = 84,161,250,000
Strike 685 has a total call value of 1,133,250,000 versus a total put value of 75,678,000,000 Combined total value = 76,811,250,000
Strike 690 has a total call value of 1,293,000,000 versus a total put value of 68,208,000,000 Combined total value = 69,501,000,000
Strike 695 has a total call value of 1,464,750,000 versus a total put value of 61,143,000,000 Combined total value = 62,607,750,000
Strike 700 has a total call value of 1,636,500,000 versus a total put value of 54,120,750,000 Combined total value = 55,757,250,000
Strike 705 has a total call value of 2,191,500,000 versus a total put value of 48,331,500,000 Combined total value = 50,523,000,000
Strike 710 has a total call value of 2,746,500,000 versus a total put value of 42,615,000,000 Combined total value = 45,361,500,000
Strike 715 has a total call value of 3,325,500,000 versus a total put value of 37,299,000,000 Combined total value = 40,624,500,000
Strike 720 has a total call value of 3,918,000,000 versus a total put value of 32,053,500,000 Combined total value = 35,971,500,000
Strike 725 has a total call value of 4,962,750,000 versus a total put value of 27,613,500,000 Combined total value = 32,576,250,000
Strike 730 has a total call value of 6,019,500,000 versus a total put value of 23,267,250,000 Combined total value = 29,286,750,000
Strike 735 has a total call value of 7,346,250,000 versus a total put value of 19,593,000,000 Combined total value = 26,939,250,000
Strike 740 has a total call value of 8,742,750,000 versus a total put value of 16,029,750,000 Combined total value = 24,772,500,000
Strike 745 has a total call value of 10,890,750,000 versus a total put value of 13,257,750,000 Combined total value = 24,148,500,000
Strike 750 has a total call value of 13,220,250,000 versus a total put value of 10,656,000,000 Combined total value = 23,876,250,000
Strike 755 has a total call value of 17,262,000,000 versus a total put value of 9,148,500,000 Combined total value = 26,410,500,000
Strike 760 has a total call value of 21,431,250,000 versus a total put value of 7,710,000,000 Combined total value = 29,141,250,000
Strike 765 has a total call value of 26,409,000,000 versus a total put value of 6,628,500,000 Combined total value = 33,037,500,000
Strike 770 has a total call value of 31,470,750,000 versus a total put value of 5,580,000,000 Combined total value = 37,050,750,000
Strike 775 has a total call value of 37,051,500,000 versus a total put value of 4,686,000,000 Combined total value = 41,737,500,000
Strike 780 has a total call value of 42,799,500,000 versus a total put value of 3,840,750,000 Combined total value = 46,640,250,000
Strike 785 has a total call value of 49,384,500,000 versus a total put value of 3,216,000,000 Combined total value = 52,600,500,000
Strike 790 has a total call value of 56,064,000,000 versus a total put value of 2,631,000,000 Combined total value = 58,695,000,000
Strike 795 has a total call value of 63,126,000,000 versus a total put value of 2,133,000,000 Combined total value = 65,259,000,000
Strike 800 has a total call value of 70,264,500,000 versus a total put value of 1,635,000,000 Combined total value = 71,899,500,000
Strike 805 has a total call value of 79,083,000,000 versus a total put value of 1,476,000,000 Combined total value = 80,559,000,000
Strike 810 has a total call value of 87,947,250,000 versus a total put value of 1,317,000,000 Combined total value = 89,264,250,000
Strike 815 has a total call value of 97,029,000,000 versus a total put value of 1,172,250,000 Combined total value = 98,201,250,000
Strike 820 has a total call value of 106,134,000,000 versus a total put value of 1,027,500,000 Combined total value = 107,161,500,000
Strike 825 has a total call value of 115,549,500,000 versus a total put value of 882,750,000 Combined total value = 116,432,250,000
Strike 830 has a total call value of 124,986,750,000 versus a total put value of 738,000,000 Combined total value = 125,724,750,000
Strike 835 has a total call value of 134,524,500,000 versus a total put value of 593,250,000 Combined total value = 135,117,750,000
Strike 840 has a total call value of 144,066,000,000 versus a total put value of 448,500,000 Combined total value = 144,514,500,000
Strike 845 has a total call value of 153,683,250,000 versus a total put value of 303,750,000 Combined total value = 153,987,000,000
Strike 850 has a total call value of 163,300,500,000 versus a total put value of 159,000,000 Combined total value = 163,459,500,000
Strike 855 has a total call value of 173,495,250,000 versus a total put value of 119,250,000 Combined total value = 173,614,500,000
Strike 860 has a total call value of 183,690,000,000 versus a total put value of 79,500,000 Combined total value = 183,769,500,000
Strike 865 has a total call value of 193,939,500,000 versus a total put value of 39,750,000 Combined total value = 193,979,250,000
Strike 870 has a total call value of 204,189,000,000 versus a total put value of 0 Combined total value = 204,189,000,000
Strike 875 has a total call value of 214,533,750,000 versus a total put value of 0 Combined total value = 214,533,750,000
Strike 880 has a total call value of 224,878,500,000 versus a total put value of 0 Combined total value = 224,878,500,000
Strike 885 has a total call value of 235,293,750,000 versus a total put value of 0 Combined total value = 235,293,750,000
Strike 890 has a total call value of 245,709,000,000 versus a total put value of 0 Combined total value = 245,709,000,000
Max Pain - Choose a symbol
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E
G
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I
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M
N
O
P
R
S
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U
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.