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BANKEX
Bank Index

60089.58 274.22 (0.46%)

Max pain for BANKEX

19 Sep 2024 04:12 PM IST

Max Pain for BANKEX is 60000  



Strike  52500  has a total call value of 0  versus a total put value of  450,331,500,000 Combined total value = 450,331,500,000

Strike  52600  has a total call value of 0  versus a total put value of  443,455,050,000 Combined total value = 443,455,050,000

Strike  52700  has a total call value of 0  versus a total put value of  436,578,900,000 Combined total value = 436,578,900,000

Strike  52800  has a total call value of 0  versus a total put value of  429,706,350,000 Combined total value = 429,706,350,000

Strike  52900  has a total call value of 0  versus a total put value of  422,838,150,000 Combined total value = 422,838,150,000

Strike  53000  has a total call value of 0  versus a total put value of  415,974,000,000 Combined total value = 415,974,000,000

Strike  53100  has a total call value of 0  versus a total put value of  409,136,700,000 Combined total value = 409,136,700,000

Strike  53200  has a total call value of 0  versus a total put value of  402,299,400,000 Combined total value = 402,299,400,000

Strike  53300  has a total call value of 0  versus a total put value of  395,462,100,000 Combined total value = 395,462,100,000

Strike  53400  has a total call value of 0  versus a total put value of  388,624,800,000 Combined total value = 388,624,800,000

Strike  53500  has a total call value of 0  versus a total put value of  381,787,500,000 Combined total value = 381,787,500,000

Strike  53600  has a total call value of 0  versus a total put value of  374,950,200,000 Combined total value = 374,950,200,000

Strike  53700  has a total call value of 0  versus a total put value of  368,112,900,000 Combined total value = 368,112,900,000

Strike  53800  has a total call value of 0  versus a total put value of  361,275,600,000 Combined total value = 361,275,600,000

Strike  53900  has a total call value of 0  versus a total put value of  354,438,300,000 Combined total value = 354,438,300,000

Strike  54000  has a total call value of 0  versus a total put value of  347,601,000,000 Combined total value = 347,601,000,000

Strike  54100  has a total call value of 0  versus a total put value of  340,763,700,000 Combined total value = 340,763,700,000

Strike  54200  has a total call value of 0  versus a total put value of  333,926,400,000 Combined total value = 333,926,400,000

Strike  54300  has a total call value of 0  versus a total put value of  327,089,100,000 Combined total value = 327,089,100,000

Strike  54400  has a total call value of 0  versus a total put value of  320,251,800,000 Combined total value = 320,251,800,000

Strike  54500  has a total call value of 0  versus a total put value of  313,414,500,000 Combined total value = 313,414,500,000

Strike  54600  has a total call value of 0  versus a total put value of  306,577,200,000 Combined total value = 306,577,200,000

Strike  54700  has a total call value of 0  versus a total put value of  299,739,900,000 Combined total value = 299,739,900,000

Strike  54800  has a total call value of 0  versus a total put value of  292,902,600,000 Combined total value = 292,902,600,000

Strike  54900  has a total call value of 0  versus a total put value of  286,065,300,000 Combined total value = 286,065,300,000

Strike  55000  has a total call value of 0  versus a total put value of  279,228,000,000 Combined total value = 279,228,000,000

Strike  55100  has a total call value of 0  versus a total put value of  272,390,700,000 Combined total value = 272,390,700,000

Strike  55200  has a total call value of 0  versus a total put value of  265,553,400,000 Combined total value = 265,553,400,000

Strike  55300  has a total call value of 0  versus a total put value of  258,716,100,000 Combined total value = 258,716,100,000

Strike  55400  has a total call value of 0  versus a total put value of  251,878,800,000 Combined total value = 251,878,800,000

Strike  55500  has a total call value of 0  versus a total put value of  245,041,500,000 Combined total value = 245,041,500,000

Strike  55600  has a total call value of 0  versus a total put value of  238,204,200,000 Combined total value = 238,204,200,000

Strike  55700  has a total call value of 0  versus a total put value of  231,366,900,000 Combined total value = 231,366,900,000

Strike  55800  has a total call value of 0  versus a total put value of  224,529,600,000 Combined total value = 224,529,600,000

Strike  55900  has a total call value of 0  versus a total put value of  217,692,300,000 Combined total value = 217,692,300,000

Strike  56000  has a total call value of 0  versus a total put value of  210,855,000,000 Combined total value = 210,855,000,000

Strike  56100  has a total call value of 0  versus a total put value of  204,017,700,000 Combined total value = 204,017,700,000

Strike  56200  has a total call value of 0  versus a total put value of  197,180,400,000 Combined total value = 197,180,400,000

Strike  56300  has a total call value of 0  versus a total put value of  190,343,100,000 Combined total value = 190,343,100,000

Strike  56400  has a total call value of 0  versus a total put value of  183,505,800,000 Combined total value = 183,505,800,000

Strike  56500  has a total call value of 0  versus a total put value of  176,668,500,000 Combined total value = 176,668,500,000

Strike  56600  has a total call value of 0  versus a total put value of  170,038,200,000 Combined total value = 170,038,200,000

Strike  56700  has a total call value of 0  versus a total put value of  163,407,900,000 Combined total value = 163,407,900,000

Strike  56800  has a total call value of 0  versus a total put value of  156,777,600,000 Combined total value = 156,777,600,000

Strike  56900  has a total call value of 0  versus a total put value of  150,148,200,000 Combined total value = 150,148,200,000

Strike  57000  has a total call value of 0  versus a total put value of  143,519,550,000 Combined total value = 143,519,550,000

Strike  57100  has a total call value of 0  versus a total put value of  137,177,550,000 Combined total value = 137,177,550,000

Strike  57200  has a total call value of 0  versus a total put value of  130,835,550,000 Combined total value = 130,835,550,000

Strike  57300  has a total call value of 0  versus a total put value of  124,493,550,000 Combined total value = 124,493,550,000

Strike  57400  has a total call value of 0  versus a total put value of  118,158,600,000 Combined total value = 118,158,600,000

Strike  57500  has a total call value of 0  versus a total put value of  111,830,400,000 Combined total value = 111,830,400,000

Strike  57600  has a total call value of 0  versus a total put value of  105,650,700,000 Combined total value = 105,650,700,000

Strike  57700  has a total call value of 0  versus a total put value of  99,488,250,000 Combined total value = 99,488,250,000

Strike  57800  has a total call value of 0  versus a total put value of  93,337,500,000 Combined total value = 93,337,500,000

Strike  57900  has a total call value of 0  versus a total put value of  87,201,000,000 Combined total value = 87,201,000,000

Strike  58000  has a total call value of 0  versus a total put value of  81,080,100,000 Combined total value = 81,080,100,000

Strike  58100  has a total call value of 110,400,000  versus a total put value of  75,340,650,000 Combined total value = 75,451,050,000

Strike  58200  has a total call value of 220,800,000  versus a total put value of  69,659,850,000 Combined total value = 69,880,650,000

Strike  58300  has a total call value of 331,200,000  versus a total put value of  64,011,000,000 Combined total value = 64,342,200,000

Strike  58400  has a total call value of 441,600,000  versus a total put value of  58,387,650,000 Combined total value = 58,829,250,000

Strike  58500  has a total call value of 552,150,000  versus a total put value of  52,819,500,000 Combined total value = 53,371,650,000

Strike  58600  has a total call value of 788,850,000  versus a total put value of  47,584,200,000 Combined total value = 48,373,050,000

Strike  58700  has a total call value of 1,026,450,000  versus a total put value of  42,404,700,000 Combined total value = 43,431,150,000

Strike  58800  has a total call value of 1,264,050,000  versus a total put value of  37,463,100,000 Combined total value = 38,727,150,000

Strike  58900  has a total call value of 1,510,050,000  versus a total put value of  32,665,500,000 Combined total value = 34,175,550,000

Strike  59000  has a total call value of 1,770,300,000  versus a total put value of  28,061,250,000 Combined total value = 29,831,550,000

Strike  59100  has a total call value of 2,320,950,000  versus a total put value of  24,463,500,000 Combined total value = 26,784,450,000

Strike  59200  has a total call value of 2,898,900,000  versus a total put value of  21,078,750,000 Combined total value = 23,977,650,000

Strike  59300  has a total call value of 3,566,100,000  versus a total put value of  18,004,950,000 Combined total value = 21,571,050,000

Strike  59400  has a total call value of 4,299,450,000  versus a total put value of  15,069,300,000 Combined total value = 19,368,750,000

Strike  59500  has a total call value of 5,087,550,000  versus a total put value of  12,268,800,000 Combined total value = 17,356,350,000

Strike  59600  has a total call value of 6,005,550,000  versus a total put value of  9,961,200,000 Combined total value = 15,966,750,000

Strike  59700  has a total call value of 6,970,350,000  versus a total put value of  7,795,050,000 Combined total value = 14,765,400,000

Strike  59800  has a total call value of 7,972,500,000  versus a total put value of  5,813,700,000 Combined total value = 13,786,200,000

Strike  59900  has a total call value of 9,085,800,000  versus a total put value of  4,093,350,000 Combined total value = 13,179,150,000

Strike  60000  has a total call value of 10,331,700,000  versus a total put value of  2,599,950,000 Combined total value = 12,931,650,000

Strike  60100  has a total call value of 12,014,250,000  versus a total put value of  1,719,300,000 Combined total value = 13,733,550,000

Strike  60200  has a total call value of 14,010,750,000  versus a total put value of  1,066,650,000 Combined total value = 15,077,400,000

Strike  60300  has a total call value of 16,260,450,000  versus a total put value of  658,500,000 Combined total value = 16,918,950,000

Strike  60400  has a total call value of 19,008,300,000  versus a total put value of  383,550,000 Combined total value = 19,391,850,000

Strike  60500  has a total call value of 21,966,900,000  versus a total put value of  197,250,000 Combined total value = 22,164,150,000

Strike  60600  has a total call value of 25,600,950,000  versus a total put value of  133,350,000 Combined total value = 25,734,300,000

Strike  60700  has a total call value of 29,662,500,000  versus a total put value of  84,600,000 Combined total value = 29,747,100,000

Strike  60800  has a total call value of 33,946,950,000  versus a total put value of  45,000,000 Combined total value = 33,991,950,000

Strike  60900  has a total call value of 38,552,700,000  versus a total put value of  16,950,000 Combined total value = 38,569,650,000

Strike  61000  has a total call value of 43,427,400,000  versus a total put value of  0 Combined total value = 43,427,400,000

Strike  61100  has a total call value of 49,066,350,000  versus a total put value of  0 Combined total value = 49,066,350,000

Strike  61200  has a total call value of 55,032,750,000  versus a total put value of  0 Combined total value = 55,032,750,000

Strike  61300  has a total call value of 61,296,000,000  versus a total put value of  0 Combined total value = 61,296,000,000

Strike  61400  has a total call value of 67,769,100,000  versus a total put value of  0 Combined total value = 67,769,100,000

Strike  61500  has a total call value of 74,344,350,000  versus a total put value of  0 Combined total value = 74,344,350,000

Strike  61600  has a total call value of 81,325,650,000  versus a total put value of  0 Combined total value = 81,325,650,000

Strike  61700  has a total call value of 88,375,950,000  versus a total put value of  0 Combined total value = 88,375,950,000

Strike  61800  has a total call value of 95,454,300,000  versus a total put value of  0 Combined total value = 95,454,300,000

Strike  61900  has a total call value of 102,651,450,000  versus a total put value of  0 Combined total value = 102,651,450,000

Strike  62000  has a total call value of 109,852,500,000  versus a total put value of  0 Combined total value = 109,852,500,000

Strike  62100  has a total call value of 117,519,750,000  versus a total put value of  0 Combined total value = 117,519,750,000

Strike  62200  has a total call value of 125,187,000,000  versus a total put value of  0 Combined total value = 125,187,000,000

Strike  62300  has a total call value of 132,854,250,000  versus a total put value of  0 Combined total value = 132,854,250,000

Strike  62400  has a total call value of 140,531,700,000  versus a total put value of  0 Combined total value = 140,531,700,000

Strike  62500  has a total call value of 148,214,550,000  versus a total put value of  0 Combined total value = 148,214,550,000

Strike  62600  has a total call value of 156,071,250,000  versus a total put value of  0 Combined total value = 156,071,250,000

Strike  62700  has a total call value of 163,932,450,000  versus a total put value of  0 Combined total value = 163,932,450,000

Strike  62800  has a total call value of 171,797,100,000  versus a total put value of  0 Combined total value = 171,797,100,000

Strike  62900  has a total call value of 179,826,000,000  versus a total put value of  0 Combined total value = 179,826,000,000

Strike  63000  has a total call value of 187,857,750,000  versus a total put value of  0 Combined total value = 187,857,750,000

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.