BANKEX
Bank Index
Max pain for BANKEX
06 Sep 2024 04:12 PM IST
Max Pain for BANKEX is 57600
Strike 52900 has a total call value of 0 versus a total put value of 648,478,350,000 Combined total value = 648,478,350,000
Strike 53000 has a total call value of 0 versus a total put value of 631,169,850,000 Combined total value = 631,169,850,000
Strike 53100 has a total call value of 0 versus a total put value of 613,901,700,000 Combined total value = 613,901,700,000
Strike 53200 has a total call value of 0 versus a total put value of 596,633,550,000 Combined total value = 596,633,550,000
Strike 53300 has a total call value of 0 versus a total put value of 579,365,400,000 Combined total value = 579,365,400,000
Strike 53400 has a total call value of 0 versus a total put value of 562,097,250,000 Combined total value = 562,097,250,000
Strike 53500 has a total call value of 0 versus a total put value of 544,829,100,000 Combined total value = 544,829,100,000
Strike 53600 has a total call value of 0 versus a total put value of 527,601,600,000 Combined total value = 527,601,600,000
Strike 53700 has a total call value of 0 versus a total put value of 510,374,100,000 Combined total value = 510,374,100,000
Strike 53800 has a total call value of 0 versus a total put value of 493,146,600,000 Combined total value = 493,146,600,000
Strike 53900 has a total call value of 0 versus a total put value of 475,919,100,000 Combined total value = 475,919,100,000
Strike 54000 has a total call value of 0 versus a total put value of 458,691,600,000 Combined total value = 458,691,600,000
Strike 54100 has a total call value of 0 versus a total put value of 441,700,350,000 Combined total value = 441,700,350,000
Strike 54200 has a total call value of 0 versus a total put value of 424,709,100,000 Combined total value = 424,709,100,000
Strike 54300 has a total call value of 0 versus a total put value of 407,717,850,000 Combined total value = 407,717,850,000
Strike 54400 has a total call value of 0 versus a total put value of 390,726,600,000 Combined total value = 390,726,600,000
Strike 54500 has a total call value of 0 versus a total put value of 373,735,350,000 Combined total value = 373,735,350,000
Strike 54600 has a total call value of 0 versus a total put value of 357,114,000,000 Combined total value = 357,114,000,000
Strike 54700 has a total call value of 0 versus a total put value of 340,492,650,000 Combined total value = 340,492,650,000
Strike 54800 has a total call value of 0 versus a total put value of 323,871,300,000 Combined total value = 323,871,300,000
Strike 54900 has a total call value of 0 versus a total put value of 307,249,950,000 Combined total value = 307,249,950,000
Strike 55000 has a total call value of 0 versus a total put value of 290,628,600,000 Combined total value = 290,628,600,000
Strike 55100 has a total call value of 0 versus a total put value of 275,829,600,000 Combined total value = 275,829,600,000
Strike 55200 has a total call value of 0 versus a total put value of 261,030,600,000 Combined total value = 261,030,600,000
Strike 55300 has a total call value of 0 versus a total put value of 246,231,600,000 Combined total value = 246,231,600,000
Strike 55400 has a total call value of 0 versus a total put value of 231,432,600,000 Combined total value = 231,432,600,000
Strike 55500 has a total call value of 0 versus a total put value of 216,633,600,000 Combined total value = 216,633,600,000
Strike 55600 has a total call value of 0 versus a total put value of 203,347,350,000 Combined total value = 203,347,350,000
Strike 55700 has a total call value of 0 versus a total put value of 190,061,100,000 Combined total value = 190,061,100,000
Strike 55800 has a total call value of 0 versus a total put value of 176,774,850,000 Combined total value = 176,774,850,000
Strike 55900 has a total call value of 0 versus a total put value of 163,488,600,000 Combined total value = 163,488,600,000
Strike 56000 has a total call value of 0 versus a total put value of 150,222,150,000 Combined total value = 150,222,150,000
Strike 56100 has a total call value of 0 versus a total put value of 138,259,200,000 Combined total value = 138,259,200,000
Strike 56200 has a total call value of 0 versus a total put value of 126,430,050,000 Combined total value = 126,430,050,000
Strike 56300 has a total call value of 0 versus a total put value of 114,943,650,000 Combined total value = 114,943,650,000
Strike 56400 has a total call value of 1,200,000 versus a total put value of 103,819,800,000 Combined total value = 103,821,000,000
Strike 56500 has a total call value of 6,450,000 versus a total put value of 93,170,850,000 Combined total value = 93,177,300,000
Strike 56600 has a total call value of 28,650,000 versus a total put value of 83,527,800,000 Combined total value = 83,556,450,000
Strike 56700 has a total call value of 79,200,000 versus a total put value of 74,222,250,000 Combined total value = 74,301,450,000
Strike 56800 has a total call value of 170,850,000 versus a total put value of 65,407,950,000 Combined total value = 65,578,800,000
Strike 56900 has a total call value of 265,650,000 versus a total put value of 57,148,650,000 Combined total value = 57,414,300,000
Strike 57000 has a total call value of 367,650,000 versus a total put value of 49,401,000,000 Combined total value = 49,768,650,000
Strike 57100 has a total call value of 692,400,000 versus a total put value of 42,726,000,000 Combined total value = 43,418,400,000
Strike 57200 has a total call value of 1,085,550,000 versus a total put value of 36,438,600,000 Combined total value = 37,524,150,000
Strike 57300 has a total call value of 1,828,800,000 versus a total put value of 30,803,550,000 Combined total value = 32,632,350,000
Strike 57400 has a total call value of 3,553,950,000 versus a total put value of 26,166,150,000 Combined total value = 29,720,100,000
Strike 57500 has a total call value of 5,779,650,000 versus a total put value of 21,984,150,000 Combined total value = 27,763,800,000
Strike 57600 has a total call value of 9,061,050,000 versus a total put value of 18,649,050,000 Combined total value = 27,710,100,000
Strike 57700 has a total call value of 12,993,750,000 versus a total put value of 15,679,650,000 Combined total value = 28,673,400,000
Strike 57800 has a total call value of 17,722,950,000 versus a total put value of 12,958,350,000 Combined total value = 30,681,300,000
Strike 57900 has a total call value of 23,960,700,000 versus a total put value of 10,374,150,000 Combined total value = 34,334,850,000
Strike 58000 has a total call value of 30,866,550,000 versus a total put value of 7,958,400,000 Combined total value = 38,824,950,000
Strike 58100 has a total call value of 40,017,750,000 versus a total put value of 6,184,350,000 Combined total value = 46,202,100,000
Strike 58200 has a total call value of 50,062,350,000 versus a total put value of 4,542,600,000 Combined total value = 54,604,950,000
Strike 58300 has a total call value of 61,076,700,000 versus a total put value of 3,000,600,000 Combined total value = 64,077,300,000
Strike 58400 has a total call value of 73,446,150,000 versus a total put value of 1,674,300,000 Combined total value = 75,120,450,000
Strike 58500 has a total call value of 87,009,300,000 versus a total put value of 530,550,000 Combined total value = 87,539,850,000
Strike 58600 has a total call value of 103,278,900,000 versus a total put value of 356,700,000 Combined total value = 103,635,600,000
Strike 58700 has a total call value of 120,999,750,000 versus a total put value of 238,800,000 Combined total value = 121,238,550,000
Strike 58800 has a total call value of 139,384,800,000 versus a total put value of 153,300,000 Combined total value = 139,538,100,000
Strike 58900 has a total call value of 158,797,950,000 versus a total put value of 94,800,000 Combined total value = 158,892,750,000
Strike 59000 has a total call value of 179,002,800,000 versus a total put value of 57,300,000 Combined total value = 179,060,100,000
Strike 59100 has a total call value of 202,556,550,000 versus a total put value of 29,400,000 Combined total value = 202,585,950,000
Strike 59200 has a total call value of 226,640,700,000 versus a total put value of 13,500,000 Combined total value = 226,654,200,000
Strike 59300 has a total call value of 251,122,650,000 versus a total put value of 900,000 Combined total value = 251,123,550,000
Strike 59400 has a total call value of 276,108,600,000 versus a total put value of 450,000 Combined total value = 276,109,050,000
Strike 59500 has a total call value of 301,421,400,000 versus a total put value of 0 Combined total value = 301,421,400,000
Strike 59600 has a total call value of 328,997,700,000 versus a total put value of 0 Combined total value = 328,997,700,000
Strike 59700 has a total call value of 356,930,700,000 versus a total put value of 0 Combined total value = 356,930,700,000
Strike 59800 has a total call value of 385,004,100,000 versus a total put value of 0 Combined total value = 385,004,100,000
Strike 59900 has a total call value of 413,164,800,000 versus a total put value of 0 Combined total value = 413,164,800,000
Strike 60000 has a total call value of 441,456,600,000 versus a total put value of 0 Combined total value = 441,456,600,000
Strike 60100 has a total call value of 471,993,600,000 versus a total put value of 0 Combined total value = 471,993,600,000
Strike 60200 has a total call value of 502,530,600,000 versus a total put value of 0 Combined total value = 502,530,600,000
Strike 60300 has a total call value of 533,068,200,000 versus a total put value of 0 Combined total value = 533,068,200,000
Strike 60400 has a total call value of 563,734,350,000 versus a total put value of 0 Combined total value = 563,734,350,000
Strike 60500 has a total call value of 594,400,500,000 versus a total put value of 0 Combined total value = 594,400,500,000
Strike 60600 has a total call value of 625,811,550,000 versus a total put value of 0 Combined total value = 625,811,550,000
Strike 60700 has a total call value of 657,223,800,000 versus a total put value of 0 Combined total value = 657,223,800,000
Strike 60800 has a total call value of 688,636,050,000 versus a total put value of 0 Combined total value = 688,636,050,000
Strike 60900 has a total call value of 720,048,300,000 versus a total put value of 0 Combined total value = 720,048,300,000
Strike 61000 has a total call value of 751,486,350,000 versus a total put value of 0 Combined total value = 751,486,350,000
Strike 61100 has a total call value of 784,237,500,000 versus a total put value of 0 Combined total value = 784,237,500,000
Strike 61200 has a total call value of 816,991,650,000 versus a total put value of 0 Combined total value = 816,991,650,000
Strike 61300 has a total call value of 849,745,800,000 versus a total put value of 0 Combined total value = 849,745,800,000
Strike 61400 has a total call value of 882,499,950,000 versus a total put value of 0 Combined total value = 882,499,950,000
Strike 61500 has a total call value of 915,257,250,000 versus a total put value of 0 Combined total value = 915,257,250,000
Strike 61600 has a total call value of 948,033,900,000 versus a total put value of 0 Combined total value = 948,033,900,000
Strike 61700 has a total call value of 980,810,550,000 versus a total put value of 0 Combined total value = 980,810,550,000
Strike 61800 has a total call value of 1,013,589,000,000 versus a total put value of 0 Combined total value = 1,013,589,000,000
Strike 61900 has a total call value of 1,046,367,450,000 versus a total put value of 0 Combined total value = 1,046,367,450,000
Strike 62000 has a total call value of 1,079,145,900,000 versus a total put value of 0 Combined total value = 1,079,145,900,000
Strike 62100 has a total call value of 1,111,931,850,000 versus a total put value of 0 Combined total value = 1,111,931,850,000
Strike 62200 has a total call value of 1,144,717,800,000 versus a total put value of 0 Combined total value = 1,144,717,800,000
Strike 62300 has a total call value of 1,177,503,750,000 versus a total put value of 0 Combined total value = 1,177,503,750,000
Strike 62400 has a total call value of 1,210,289,700,000 versus a total put value of 0 Combined total value = 1,210,289,700,000
Strike 62500 has a total call value of 1,243,075,650,000 versus a total put value of 0 Combined total value = 1,243,075,650,000
Strike 62600 has a total call value of 1,275,861,600,000 versus a total put value of 0 Combined total value = 1,275,861,600,000
Strike 62700 has a total call value of 1,308,647,550,000 versus a total put value of 0 Combined total value = 1,308,647,550,000
Strike 62800 has a total call value of 1,341,433,500,000 versus a total put value of 0 Combined total value = 1,341,433,500,000
Strike 62900 has a total call value of 1,374,219,450,000 versus a total put value of 0 Combined total value = 1,374,219,450,000
Strike 63000 has a total call value of 1,407,005,400,000 versus a total put value of 0 Combined total value = 1,407,005,400,000
Strike 63100 has a total call value of 1,439,791,350,000 versus a total put value of 0 Combined total value = 1,439,791,350,000
Strike 63200 has a total call value of 1,472,577,300,000 versus a total put value of 0 Combined total value = 1,472,577,300,000
Strike 63300 has a total call value of 1,505,363,250,000 versus a total put value of 0 Combined total value = 1,505,363,250,000
Strike 63400 has a total call value of 1,538,149,200,000 versus a total put value of 0 Combined total value = 1,538,149,200,000
Strike 63500 has a total call value of 1,570,935,150,000 versus a total put value of 0 Combined total value = 1,570,935,150,000
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.