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BANKEX
Bank Index

59815.36 561.86 (0.95%)

Max pain for BANKEX

18 Sep 2024 04:12 PM IST

Max Pain for BANKEX is 59500  



Strike  52500  has a total call value of 0  versus a total put value of  240,112,050,000 Combined total value = 240,112,050,000

Strike  52600  has a total call value of 0  versus a total put value of  236,214,900,000 Combined total value = 236,214,900,000

Strike  52700  has a total call value of 0  versus a total put value of  232,317,900,000 Combined total value = 232,317,900,000

Strike  52800  has a total call value of 0  versus a total put value of  228,422,550,000 Combined total value = 228,422,550,000

Strike  52900  has a total call value of 0  versus a total put value of  224,528,250,000 Combined total value = 224,528,250,000

Strike  53000  has a total call value of 0  versus a total put value of  220,634,550,000 Combined total value = 220,634,550,000

Strike  53100  has a total call value of 0  versus a total put value of  216,749,850,000 Combined total value = 216,749,850,000

Strike  53200  has a total call value of 0  versus a total put value of  212,865,150,000 Combined total value = 212,865,150,000

Strike  53300  has a total call value of 0  versus a total put value of  208,980,450,000 Combined total value = 208,980,450,000

Strike  53400  has a total call value of 0  versus a total put value of  205,095,750,000 Combined total value = 205,095,750,000

Strike  53500  has a total call value of 0  versus a total put value of  201,211,050,000 Combined total value = 201,211,050,000

Strike  53600  has a total call value of 0  versus a total put value of  197,326,350,000 Combined total value = 197,326,350,000

Strike  53700  has a total call value of 0  versus a total put value of  193,441,650,000 Combined total value = 193,441,650,000

Strike  53800  has a total call value of 0  versus a total put value of  189,556,950,000 Combined total value = 189,556,950,000

Strike  53900  has a total call value of 0  versus a total put value of  185,672,250,000 Combined total value = 185,672,250,000

Strike  54000  has a total call value of 0  versus a total put value of  181,787,550,000 Combined total value = 181,787,550,000

Strike  54100  has a total call value of 0  versus a total put value of  177,902,850,000 Combined total value = 177,902,850,000

Strike  54200  has a total call value of 0  versus a total put value of  174,018,150,000 Combined total value = 174,018,150,000

Strike  54300  has a total call value of 0  versus a total put value of  170,133,450,000 Combined total value = 170,133,450,000

Strike  54400  has a total call value of 0  versus a total put value of  166,248,750,000 Combined total value = 166,248,750,000

Strike  54500  has a total call value of 0  versus a total put value of  162,364,050,000 Combined total value = 162,364,050,000

Strike  54600  has a total call value of 0  versus a total put value of  158,479,350,000 Combined total value = 158,479,350,000

Strike  54700  has a total call value of 0  versus a total put value of  154,594,650,000 Combined total value = 154,594,650,000

Strike  54800  has a total call value of 0  versus a total put value of  150,709,950,000 Combined total value = 150,709,950,000

Strike  54900  has a total call value of 0  versus a total put value of  146,825,250,000 Combined total value = 146,825,250,000

Strike  55000  has a total call value of 0  versus a total put value of  142,940,550,000 Combined total value = 142,940,550,000

Strike  55100  has a total call value of 0  versus a total put value of  139,055,850,000 Combined total value = 139,055,850,000

Strike  55200  has a total call value of 0  versus a total put value of  135,171,150,000 Combined total value = 135,171,150,000

Strike  55300  has a total call value of 0  versus a total put value of  131,286,450,000 Combined total value = 131,286,450,000

Strike  55400  has a total call value of 0  versus a total put value of  127,401,750,000 Combined total value = 127,401,750,000

Strike  55500  has a total call value of 0  versus a total put value of  123,517,050,000 Combined total value = 123,517,050,000

Strike  55600  has a total call value of 0  versus a total put value of  119,632,350,000 Combined total value = 119,632,350,000

Strike  55700  has a total call value of 0  versus a total put value of  115,747,650,000 Combined total value = 115,747,650,000

Strike  55800  has a total call value of 0  versus a total put value of  111,862,950,000 Combined total value = 111,862,950,000

Strike  55900  has a total call value of 0  versus a total put value of  107,978,250,000 Combined total value = 107,978,250,000

Strike  56000  has a total call value of 0  versus a total put value of  104,093,550,000 Combined total value = 104,093,550,000

Strike  56100  has a total call value of 0  versus a total put value of  100,208,850,000 Combined total value = 100,208,850,000

Strike  56200  has a total call value of 0  versus a total put value of  96,324,150,000 Combined total value = 96,324,150,000

Strike  56300  has a total call value of 0  versus a total put value of  92,439,450,000 Combined total value = 92,439,450,000

Strike  56400  has a total call value of 0  versus a total put value of  88,554,750,000 Combined total value = 88,554,750,000

Strike  56500  has a total call value of 0  versus a total put value of  84,670,050,000 Combined total value = 84,670,050,000

Strike  56600  has a total call value of 0  versus a total put value of  80,963,250,000 Combined total value = 80,963,250,000

Strike  56700  has a total call value of 0  versus a total put value of  77,256,450,000 Combined total value = 77,256,450,000

Strike  56800  has a total call value of 0  versus a total put value of  73,549,650,000 Combined total value = 73,549,650,000

Strike  56900  has a total call value of 0  versus a total put value of  69,842,850,000 Combined total value = 69,842,850,000

Strike  57000  has a total call value of 0  versus a total put value of  66,136,050,000 Combined total value = 66,136,050,000

Strike  57100  has a total call value of 0  versus a total put value of  62,652,450,000 Combined total value = 62,652,450,000

Strike  57200  has a total call value of 0  versus a total put value of  59,168,850,000 Combined total value = 59,168,850,000

Strike  57300  has a total call value of 0  versus a total put value of  55,685,250,000 Combined total value = 55,685,250,000

Strike  57400  has a total call value of 0  versus a total put value of  52,201,650,000 Combined total value = 52,201,650,000

Strike  57500  has a total call value of 0  versus a total put value of  48,718,050,000 Combined total value = 48,718,050,000

Strike  57600  has a total call value of 0  versus a total put value of  45,508,200,000 Combined total value = 45,508,200,000

Strike  57700  has a total call value of 0  versus a total put value of  42,316,800,000 Combined total value = 42,316,800,000

Strike  57800  has a total call value of 0  versus a total put value of  39,133,950,000 Combined total value = 39,133,950,000

Strike  57900  has a total call value of 0  versus a total put value of  35,975,100,000 Combined total value = 35,975,100,000

Strike  58000  has a total call value of 0  versus a total put value of  32,838,750,000 Combined total value = 32,838,750,000

Strike  58100  has a total call value of 110,550,000  versus a total put value of  29,996,700,000 Combined total value = 30,107,250,000

Strike  58200  has a total call value of 221,100,000  versus a total put value of  27,230,700,000 Combined total value = 27,451,800,000

Strike  58300  has a total call value of 331,650,000  versus a total put value of  24,486,750,000 Combined total value = 24,818,400,000

Strike  58400  has a total call value of 442,200,000  versus a total put value of  21,794,850,000 Combined total value = 22,237,050,000

Strike  58500  has a total call value of 552,900,000  versus a total put value of  19,159,050,000 Combined total value = 19,711,950,000

Strike  58600  has a total call value of 789,750,000  versus a total put value of  16,870,950,000 Combined total value = 17,660,700,000

Strike  58700  has a total call value of 1,026,750,000  versus a total put value of  14,667,150,000 Combined total value = 15,693,900,000

Strike  58800  has a total call value of 1,263,750,000  versus a total put value of  12,594,000,000 Combined total value = 13,857,750,000

Strike  58900  has a total call value of 1,509,150,000  versus a total put value of  10,596,000,000 Combined total value = 12,105,150,000

Strike  59000  has a total call value of 1,771,050,000  versus a total put value of  8,672,400,000 Combined total value = 10,443,450,000

Strike  59100  has a total call value of 2,330,400,000  versus a total put value of  7,171,050,000 Combined total value = 9,501,450,000

Strike  59200  has a total call value of 2,932,650,000  versus a total put value of  5,776,950,000 Combined total value = 8,709,600,000

Strike  59300  has a total call value of 3,636,750,000  versus a total put value of  4,563,900,000 Combined total value = 8,200,650,000

Strike  59400  has a total call value of 4,434,450,000  versus a total put value of  3,473,100,000 Combined total value = 7,907,550,000

Strike  59500  has a total call value of 5,295,750,000  versus a total put value of  2,517,900,000 Combined total value = 7,813,650,000

Strike  59600  has a total call value of 6,308,550,000  versus a total put value of  1,785,450,000 Combined total value = 8,094,000,000

Strike  59700  has a total call value of 7,374,750,000  versus a total put value of  1,139,400,000 Combined total value = 8,514,150,000

Strike  59800  has a total call value of 8,505,150,000  versus a total put value of  596,100,000 Combined total value = 9,101,250,000

Strike  59900  has a total call value of 9,783,150,000  versus a total put value of  233,400,000 Combined total value = 10,016,550,000

Strike  60000  has a total call value of 11,276,100,000  versus a total put value of  109,050,000 Combined total value = 11,385,150,000

Strike  60100  has a total call value of 13,066,350,000  versus a total put value of  61,500,000 Combined total value = 13,127,850,000

Strike  60200  has a total call value of 14,932,650,000  versus a total put value of  37,500,000 Combined total value = 14,970,150,000

Strike  60300  has a total call value of 16,872,750,000  versus a total put value of  21,450,000 Combined total value = 16,894,200,000

Strike  60400  has a total call value of 18,930,750,000  versus a total put value of  10,050,000 Combined total value = 18,940,800,000

Strike  60500  has a total call value of 21,050,100,000  versus a total put value of  3,300,000 Combined total value = 21,053,400,000

Strike  60600  has a total call value of 23,567,100,000  versus a total put value of  1,050,000 Combined total value = 23,568,150,000

Strike  60700  has a total call value of 26,123,700,000  versus a total put value of  600,000 Combined total value = 26,124,300,000

Strike  60800  has a total call value of 28,764,300,000  versus a total put value of  150,000 Combined total value = 28,764,450,000

Strike  60900  has a total call value of 31,541,700,000  versus a total put value of  0 Combined total value = 31,541,700,000

Strike  61000  has a total call value of 34,403,550,000  versus a total put value of  0 Combined total value = 34,403,550,000

Strike  61100  has a total call value of 37,768,350,000  versus a total put value of  0 Combined total value = 37,768,350,000

Strike  61200  has a total call value of 41,150,550,000  versus a total put value of  0 Combined total value = 41,150,550,000

Strike  61300  has a total call value of 44,532,900,000  versus a total put value of  0 Combined total value = 44,532,900,000

Strike  61400  has a total call value of 47,924,850,000  versus a total put value of  0 Combined total value = 47,924,850,000

Strike  61500  has a total call value of 51,316,800,000  versus a total put value of  0 Combined total value = 51,316,800,000

Strike  61600  has a total call value of 54,912,000,000  versus a total put value of  0 Combined total value = 54,912,000,000

Strike  61700  has a total call value of 58,507,200,000  versus a total put value of  0 Combined total value = 58,507,200,000

Strike  61800  has a total call value of 62,102,400,000  versus a total put value of  0 Combined total value = 62,102,400,000

Strike  61900  has a total call value of 65,787,750,000  versus a total put value of  0 Combined total value = 65,787,750,000

Strike  62000  has a total call value of 69,473,100,000  versus a total put value of  0 Combined total value = 69,473,100,000

Strike  62100  has a total call value of 73,479,000,000  versus a total put value of  0 Combined total value = 73,479,000,000

Strike  62200  has a total call value of 77,484,900,000  versus a total put value of  0 Combined total value = 77,484,900,000

Strike  62300  has a total call value of 81,490,800,000  versus a total put value of  0 Combined total value = 81,490,800,000

Strike  62400  has a total call value of 85,502,850,000  versus a total put value of  0 Combined total value = 85,502,850,000

Strike  62500  has a total call value of 89,519,250,000  versus a total put value of  0 Combined total value = 89,519,250,000

Strike  62600  has a total call value of 93,595,650,000  versus a total put value of  0 Combined total value = 93,595,650,000

Strike  62700  has a total call value of 97,679,250,000  versus a total put value of  0 Combined total value = 97,679,250,000

Strike  62800  has a total call value of 101,767,800,000  versus a total put value of  0 Combined total value = 101,767,800,000

Strike  62900  has a total call value of 105,904,500,000  versus a total put value of  0 Combined total value = 105,904,500,000

Strike  63000  has a total call value of 110,041,200,000  versus a total put value of  0 Combined total value = 110,041,200,000

All Max-Pain Table


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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.