BANKEX
Bank Index
Max pain for BANKEX
28 Jun 2024 04:12 PM IST
Max Pain for BANKEX is 59800
Strike 52100 has a total call value of 0 versus a total put value of 1,057,085,700,000 Combined total value = 1,057,085,700,000
Strike 52200 has a total call value of 0 versus a total put value of 1,040,906,550,000 Combined total value = 1,040,906,550,000
Strike 52300 has a total call value of 0 versus a total put value of 1,024,727,400,000 Combined total value = 1,024,727,400,000
Strike 52400 has a total call value of 0 versus a total put value of 1,008,548,250,000 Combined total value = 1,008,548,250,000
Strike 52500 has a total call value of 0 versus a total put value of 992,369,100,000 Combined total value = 992,369,100,000
Strike 52600 has a total call value of 0 versus a total put value of 976,189,950,000 Combined total value = 976,189,950,000
Strike 52700 has a total call value of 0 versus a total put value of 960,010,800,000 Combined total value = 960,010,800,000
Strike 52800 has a total call value of 0 versus a total put value of 943,831,650,000 Combined total value = 943,831,650,000
Strike 52900 has a total call value of 0 versus a total put value of 927,652,500,000 Combined total value = 927,652,500,000
Strike 53000 has a total call value of 0 versus a total put value of 911,473,350,000 Combined total value = 911,473,350,000
Strike 53100 has a total call value of 0 versus a total put value of 895,294,200,000 Combined total value = 895,294,200,000
Strike 53200 has a total call value of 0 versus a total put value of 879,115,050,000 Combined total value = 879,115,050,000
Strike 53300 has a total call value of 0 versus a total put value of 862,935,900,000 Combined total value = 862,935,900,000
Strike 53400 has a total call value of 0 versus a total put value of 846,756,750,000 Combined total value = 846,756,750,000
Strike 53500 has a total call value of 0 versus a total put value of 830,577,600,000 Combined total value = 830,577,600,000
Strike 53600 has a total call value of 0 versus a total put value of 814,398,450,000 Combined total value = 814,398,450,000
Strike 53700 has a total call value of 0 versus a total put value of 798,219,300,000 Combined total value = 798,219,300,000
Strike 53800 has a total call value of 0 versus a total put value of 782,040,150,000 Combined total value = 782,040,150,000
Strike 53900 has a total call value of 0 versus a total put value of 765,861,000,000 Combined total value = 765,861,000,000
Strike 54000 has a total call value of 0 versus a total put value of 749,681,850,000 Combined total value = 749,681,850,000
Strike 54100 has a total call value of 0 versus a total put value of 733,502,700,000 Combined total value = 733,502,700,000
Strike 54200 has a total call value of 0 versus a total put value of 717,323,550,000 Combined total value = 717,323,550,000
Strike 54300 has a total call value of 0 versus a total put value of 701,144,400,000 Combined total value = 701,144,400,000
Strike 54400 has a total call value of 0 versus a total put value of 684,965,250,000 Combined total value = 684,965,250,000
Strike 54500 has a total call value of 0 versus a total put value of 668,786,100,000 Combined total value = 668,786,100,000
Strike 54600 has a total call value of 0 versus a total put value of 652,606,950,000 Combined total value = 652,606,950,000
Strike 54700 has a total call value of 0 versus a total put value of 636,427,800,000 Combined total value = 636,427,800,000
Strike 54800 has a total call value of 0 versus a total put value of 620,248,650,000 Combined total value = 620,248,650,000
Strike 54900 has a total call value of 0 versus a total put value of 604,069,500,000 Combined total value = 604,069,500,000
Strike 55000 has a total call value of 0 versus a total put value of 587,890,350,000 Combined total value = 587,890,350,000
Strike 55100 has a total call value of 0 versus a total put value of 571,718,850,000 Combined total value = 571,718,850,000
Strike 55200 has a total call value of 0 versus a total put value of 555,547,350,000 Combined total value = 555,547,350,000
Strike 55300 has a total call value of 0 versus a total put value of 539,375,850,000 Combined total value = 539,375,850,000
Strike 55400 has a total call value of 0 versus a total put value of 523,204,350,000 Combined total value = 523,204,350,000
Strike 55500 has a total call value of 0 versus a total put value of 507,032,850,000 Combined total value = 507,032,850,000
Strike 55600 has a total call value of 0 versus a total put value of 490,861,350,000 Combined total value = 490,861,350,000
Strike 55700 has a total call value of 0 versus a total put value of 474,689,850,000 Combined total value = 474,689,850,000
Strike 55800 has a total call value of 0 versus a total put value of 458,518,350,000 Combined total value = 458,518,350,000
Strike 55900 has a total call value of 0 versus a total put value of 442,346,850,000 Combined total value = 442,346,850,000
Strike 56000 has a total call value of 0 versus a total put value of 426,175,350,000 Combined total value = 426,175,350,000
Strike 56100 has a total call value of 0 versus a total put value of 410,022,750,000 Combined total value = 410,022,750,000
Strike 56200 has a total call value of 0 versus a total put value of 393,870,150,000 Combined total value = 393,870,150,000
Strike 56300 has a total call value of 0 versus a total put value of 377,717,850,000 Combined total value = 377,717,850,000
Strike 56400 has a total call value of 0 versus a total put value of 361,565,700,000 Combined total value = 361,565,700,000
Strike 56500 has a total call value of 0 versus a total put value of 345,413,850,000 Combined total value = 345,413,850,000
Strike 56600 has a total call value of 0 versus a total put value of 329,369,250,000 Combined total value = 329,369,250,000
Strike 56700 has a total call value of 0 versus a total put value of 313,326,150,000 Combined total value = 313,326,150,000
Strike 56800 has a total call value of 0 versus a total put value of 297,285,300,000 Combined total value = 297,285,300,000
Strike 56900 has a total call value of 0 versus a total put value of 281,252,550,000 Combined total value = 281,252,550,000
Strike 57000 has a total call value of 0 versus a total put value of 265,222,350,000 Combined total value = 265,222,350,000
Strike 57100 has a total call value of 3,300,000 versus a total put value of 249,891,450,000 Combined total value = 249,894,750,000
Strike 57200 has a total call value of 6,600,000 versus a total put value of 234,567,300,000 Combined total value = 234,573,900,000
Strike 57300 has a total call value of 9,900,000 versus a total put value of 219,279,900,000 Combined total value = 219,289,800,000
Strike 57400 has a total call value of 13,200,000 versus a total put value of 204,026,400,000 Combined total value = 204,039,600,000
Strike 57500 has a total call value of 16,500,000 versus a total put value of 188,956,050,000 Combined total value = 188,972,550,000
Strike 57600 has a total call value of 23,850,000 versus a total put value of 175,226,400,000 Combined total value = 175,250,250,000
Strike 57700 has a total call value of 31,200,000 versus a total put value of 161,709,000,000 Combined total value = 161,740,200,000
Strike 57800 has a total call value of 38,550,000 versus a total put value of 148,437,150,000 Combined total value = 148,475,700,000
Strike 57900 has a total call value of 45,900,000 versus a total put value of 135,623,550,000 Combined total value = 135,669,450,000
Strike 58000 has a total call value of 53,250,000 versus a total put value of 123,098,700,000 Combined total value = 123,151,950,000
Strike 58100 has a total call value of 121,950,000 versus a total put value of 112,455,600,000 Combined total value = 112,577,550,000
Strike 58200 has a total call value of 191,700,000 versus a total put value of 102,065,700,000 Combined total value = 102,257,400,000
Strike 58300 has a total call value of 263,400,000 versus a total put value of 92,137,950,000 Combined total value = 92,401,350,000
Strike 58400 has a total call value of 336,750,000 versus a total put value of 82,458,900,000 Combined total value = 82,795,650,000
Strike 58500 has a total call value of 412,800,000 versus a total put value of 73,221,450,000 Combined total value = 73,634,250,000
Strike 58600 has a total call value of 529,950,000 versus a total put value of 64,960,050,000 Combined total value = 65,490,000,000
Strike 58700 has a total call value of 654,000,000 versus a total put value of 57,015,750,000 Combined total value = 57,669,750,000
Strike 58800 has a total call value of 785,850,000 versus a total put value of 49,497,900,000 Combined total value = 50,283,750,000
Strike 58900 has a total call value of 930,600,000 versus a total put value of 42,422,700,000 Combined total value = 43,353,300,000
Strike 59000 has a total call value of 1,088,100,000 versus a total put value of 35,679,450,000 Combined total value = 36,767,550,000
Strike 59100 has a total call value of 1,387,500,000 versus a total put value of 30,099,000,000 Combined total value = 31,486,500,000
Strike 59200 has a total call value of 1,695,300,000 versus a total put value of 24,848,100,000 Combined total value = 26,543,400,000
Strike 59300 has a total call value of 2,031,750,000 versus a total put value of 19,938,900,000 Combined total value = 21,970,650,000
Strike 59400 has a total call value of 2,424,600,000 versus a total put value of 15,464,850,000 Combined total value = 17,889,450,000
Strike 59500 has a total call value of 3,002,850,000 versus a total put value of 11,832,900,000 Combined total value = 14,835,750,000
Strike 59600 has a total call value of 4,053,900,000 versus a total put value of 9,173,250,000 Combined total value = 13,227,150,000
Strike 59700 has a total call value of 5,397,750,000 versus a total put value of 6,913,950,000 Combined total value = 12,311,700,000
Strike 59800 has a total call value of 7,123,050,000 versus a total put value of 5,026,350,000 Combined total value = 12,149,400,000
Strike 59900 has a total call value of 9,119,400,000 versus a total put value of 3,341,100,000 Combined total value = 12,460,500,000
Strike 60000 has a total call value of 11,622,450,000 versus a total put value of 1,831,800,000 Combined total value = 13,454,250,000
Strike 60100 has a total call value of 15,757,950,000 versus a total put value of 1,166,400,000 Combined total value = 16,924,350,000
Strike 60200 has a total call value of 20,440,800,000 versus a total put value of 762,000,000 Combined total value = 21,202,800,000
Strike 60300 has a total call value of 25,733,850,000 versus a total put value of 468,450,000 Combined total value = 26,202,300,000
Strike 60400 has a total call value of 32,002,200,000 versus a total put value of 276,150,000 Combined total value = 32,278,350,000
Strike 60500 has a total call value of 38,932,950,000 versus a total put value of 127,200,000 Combined total value = 39,060,150,000
Strike 60600 has a total call value of 47,050,200,000 versus a total put value of 81,000,000 Combined total value = 47,131,200,000
Strike 60700 has a total call value of 56,115,000,000 versus a total put value of 48,600,000 Combined total value = 56,163,600,000
Strike 60800 has a total call value of 65,713,200,000 versus a total put value of 30,750,000 Combined total value = 65,743,950,000
Strike 60900 has a total call value of 75,841,650,000 versus a total put value of 18,000,000 Combined total value = 75,859,650,000
Strike 61000 has a total call value of 86,340,300,000 versus a total put value of 6,150,000 Combined total value = 86,346,450,000
Strike 61100 has a total call value of 99,197,550,000 versus a total put value of 4,800,000 Combined total value = 99,202,350,000
Strike 61200 has a total call value of 112,551,300,000 versus a total put value of 3,900,000 Combined total value = 112,555,200,000
Strike 61300 has a total call value of 126,465,450,000 versus a total put value of 3,000,000 Combined total value = 126,468,450,000
Strike 61400 has a total call value of 140,970,900,000 versus a total put value of 2,100,000 Combined total value = 140,973,000,000
Strike 61500 has a total call value of 156,006,600,000 versus a total put value of 1,200,000 Combined total value = 156,007,800,000
Strike 61600 has a total call value of 173,068,650,000 versus a total put value of 600,000 Combined total value = 173,069,250,000
Strike 61700 has a total call value of 190,677,600,000 versus a total put value of 300,000 Combined total value = 190,677,900,000
Strike 61800 has a total call value of 208,840,050,000 versus a total put value of 0 Combined total value = 208,840,050,000
Strike 61900 has a total call value of 227,368,050,000 versus a total put value of 0 Combined total value = 227,368,050,000
Strike 62000 has a total call value of 246,267,150,000 versus a total put value of 0 Combined total value = 246,267,150,000
Strike 62100 has a total call value of 268,143,000,000 versus a total put value of 0 Combined total value = 268,143,000,000
Strike 62200 has a total call value of 290,439,300,000 versus a total put value of 0 Combined total value = 290,439,300,000
Strike 62300 has a total call value of 313,125,150,000 versus a total put value of 0 Combined total value = 313,125,150,000
Strike 62400 has a total call value of 335,945,250,000 versus a total put value of 0 Combined total value = 335,945,250,000
Strike 62500 has a total call value of 358,869,150,000 versus a total put value of 0 Combined total value = 358,869,150,000
Strike 62600 has a total call value of 382,932,750,000 versus a total put value of 0 Combined total value = 382,932,750,000
Strike 62700 has a total call value of 407,032,800,000 versus a total put value of 0 Combined total value = 407,032,800,000
Strike 62800 has a total call value of 431,183,850,000 versus a total put value of 0 Combined total value = 431,183,850,000
Strike 62900 has a total call value of 455,499,150,000 versus a total put value of 0 Combined total value = 455,499,150,000
Strike 63000 has a total call value of 479,817,600,000 versus a total put value of 0 Combined total value = 479,817,600,000
Strike 63100 has a total call value of 504,644,100,000 versus a total put value of 0 Combined total value = 504,644,100,000
Strike 63200 has a total call value of 529,470,600,000 versus a total put value of 0 Combined total value = 529,470,600,000
Strike 63300 has a total call value of 554,297,100,000 versus a total put value of 0 Combined total value = 554,297,100,000
Strike 63400 has a total call value of 579,123,600,000 versus a total put value of 0 Combined total value = 579,123,600,000
Strike 63500 has a total call value of 603,950,100,000 versus a total put value of 0 Combined total value = 603,950,100,000
Strike 63600 has a total call value of 628,999,050,000 versus a total put value of 0 Combined total value = 628,999,050,000
Strike 63700 has a total call value of 654,048,000,000 versus a total put value of 0 Combined total value = 654,048,000,000
Strike 63800 has a total call value of 679,096,950,000 versus a total put value of 0 Combined total value = 679,096,950,000
Strike 63900 has a total call value of 704,156,100,000 versus a total put value of 0 Combined total value = 704,156,100,000
Strike 64000 has a total call value of 729,215,250,000 versus a total put value of 0 Combined total value = 729,215,250,000
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.