SBICARD
Sbi Cards & Pay Ser Ltd
Max pain for SBICARD
28 Feb 2025 04:11 PM IST
Max Pain for SBICARD is 850
Strike 700 has a total call value of 0 versus a total put value of 22,130,800,000 Combined total value = 22,130,800,000
Strike 705 has a total call value of 2,400,000 versus a total put value of 21,080,000,000 Combined total value = 21,082,400,000
Strike 710 has a total call value of 4,800,000 versus a total put value of 20,029,200,000 Combined total value = 20,034,000,000
Strike 715 has a total call value of 7,200,000 versus a total put value of 18,993,200,000 Combined total value = 19,000,400,000
Strike 720 has a total call value of 9,600,000 versus a total put value of 17,957,200,000 Combined total value = 17,966,800,000
Strike 725 has a total call value of 12,000,000 versus a total put value of 16,946,800,000 Combined total value = 16,958,800,000
Strike 730 has a total call value of 14,400,000 versus a total put value of 15,936,400,000 Combined total value = 15,950,800,000
Strike 735 has a total call value of 16,800,000 versus a total put value of 14,949,600,000 Combined total value = 14,966,400,000
Strike 740 has a total call value of 19,200,000 versus a total put value of 13,962,800,000 Combined total value = 13,982,000,000
Strike 745 has a total call value of 21,600,000 versus a total put value of 12,978,800,000 Combined total value = 13,000,400,000
Strike 750 has a total call value of 24,000,000 versus a total put value of 11,999,600,000 Combined total value = 12,023,600,000
Strike 755 has a total call value of 31,600,000 versus a total put value of 11,175,600,000 Combined total value = 11,207,200,000
Strike 760 has a total call value of 39,200,000 versus a total put value of 10,351,600,000 Combined total value = 10,390,800,000
Strike 765 has a total call value of 46,800,000 versus a total put value of 9,529,200,000 Combined total value = 9,576,000,000
Strike 770 has a total call value of 54,400,000 versus a total put value of 8,706,800,000 Combined total value = 8,761,200,000
Strike 775 has a total call value of 62,000,000 versus a total put value of 7,929,200,000 Combined total value = 7,991,200,000
Strike 780 has a total call value of 69,600,000 versus a total put value of 7,152,400,000 Combined total value = 7,222,000,000
Strike 785 has a total call value of 77,200,000 versus a total put value of 6,419,200,000 Combined total value = 6,496,400,000
Strike 790 has a total call value of 84,800,000 versus a total put value of 5,689,200,000 Combined total value = 5,774,000,000
Strike 795 has a total call value of 92,400,000 versus a total put value of 4,972,000,000 Combined total value = 5,064,400,000
Strike 800 has a total call value of 100,000,000 versus a total put value of 4,256,400,000 Combined total value = 4,356,400,000
Strike 805 has a total call value of 153,600,000 versus a total put value of 3,708,800,000 Combined total value = 3,862,400,000
Strike 810 has a total call value of 207,200,000 versus a total put value of 3,168,800,000 Combined total value = 3,376,000,000
Strike 815 has a total call value of 260,800,000 versus a total put value of 2,673,200,000 Combined total value = 2,934,000,000
Strike 820 has a total call value of 315,200,000 versus a total put value of 2,178,800,000 Combined total value = 2,494,000,000
Strike 825 has a total call value of 381,600,000 versus a total put value of 1,787,600,000 Combined total value = 2,169,200,000
Strike 830 has a total call value of 448,000,000 versus a total put value of 1,396,400,000 Combined total value = 1,844,400,000
Strike 835 has a total call value of 541,600,000 versus a total put value of 1,060,800,000 Combined total value = 1,602,400,000
Strike 840 has a total call value of 643,200,000 versus a total put value of 746,800,000 Combined total value = 1,390,000,000
Strike 845 has a total call value of 795,200,000 versus a total put value of 524,400,000 Combined total value = 1,319,600,000
Strike 850 has a total call value of 956,800,000 versus a total put value of 310,800,000 Combined total value = 1,267,600,000
Strike 855 has a total call value of 1,266,400,000 versus a total put value of 179,200,000 Combined total value = 1,445,600,000
Strike 860 has a total call value of 1,605,600,000 versus a total put value of 82,400,000 Combined total value = 1,688,000,000
Strike 865 has a total call value of 2,163,200,000 versus a total put value of 57,600,000 Combined total value = 2,220,800,000
Strike 870 has a total call value of 2,730,000,000 versus a total put value of 37,600,000 Combined total value = 2,767,600,000
Strike 875 has a total call value of 3,376,000,000 versus a total put value of 30,000,000 Combined total value = 3,406,000,000
Strike 880 has a total call value of 4,030,000,000 versus a total put value of 24,000,000 Combined total value = 4,054,000,000
Strike 885 has a total call value of 4,714,800,000 versus a total put value of 18,000,000 Combined total value = 4,732,800,000
Strike 890 has a total call value of 5,399,600,000 versus a total put value of 12,000,000 Combined total value = 5,411,600,000
Strike 895 has a total call value of 6,137,200,000 versus a total put value of 6,000,000 Combined total value = 6,143,200,000
Strike 900 has a total call value of 6,882,000,000 versus a total put value of 0 Combined total value = 6,882,000,000
Strike 905 has a total call value of 8,029,200,000 versus a total put value of 0 Combined total value = 8,029,200,000
Strike 910 has a total call value of 9,176,800,000 versus a total put value of 0 Combined total value = 9,176,800,000
Strike 915 has a total call value of 10,353,200,000 versus a total put value of 0 Combined total value = 10,353,200,000
Strike 920 has a total call value of 11,535,200,000 versus a total put value of 0 Combined total value = 11,535,200,000
Strike 925 has a total call value of 12,814,400,000 versus a total put value of 0 Combined total value = 12,814,400,000
Strike 930 has a total call value of 14,093,600,000 versus a total put value of 0 Combined total value = 14,093,600,000
Strike 935 has a total call value of 15,372,800,000 versus a total put value of 0 Combined total value = 15,372,800,000
Strike 940 has a total call value of 16,656,000,000 versus a total put value of 0 Combined total value = 16,656,000,000
Strike 945 has a total call value of 17,968,800,000 versus a total put value of 0 Combined total value = 17,968,800,000
Strike 950 has a total call value of 19,281,600,000 versus a total put value of 0 Combined total value = 19,281,600,000
Strike 955 has a total call value of 20,661,600,000 versus a total put value of 0 Combined total value = 20,661,600,000
Strike 960 has a total call value of 22,045,200,000 versus a total put value of 0 Combined total value = 22,045,200,000
Strike 965 has a total call value of 23,444,000,000 versus a total put value of 0 Combined total value = 23,444,000,000
Strike 970 has a total call value of 24,865,200,000 versus a total put value of 0 Combined total value = 24,865,200,000
Strike 975 has a total call value of 26,297,200,000 versus a total put value of 0 Combined total value = 26,297,200,000
Strike 980 has a total call value of 27,760,000,000 versus a total put value of 0 Combined total value = 27,760,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 376 | 400 |
| ABB | 4935.4 | 5200 |
| ABCAPITAL | 156.33 | 165 |
| ABFRL | 242.15 | 255 |
| ACC | 1818.55 | 2000 |
| ADANIENSOL | 650.9 | 680 |
| ADANIENT | 2096 | 2500 |
| ADANIGREEN | 774.4 | 820 |
| ADANIPORTS | 1069.4 | 1100 |
| ALKEM | 4646.2 | 4650 |
| AMBUJACEM | 464.95 | 510 |
| ANGELONE | 2169.15 | 2100 |
| APLAPOLLO | 1438.95 | 1460 |
| APOLLOHOSP | 6052.6 | 6200 |
| APOLLOTYRE | 374.3 | 400 |
| ASHOKLEY | 212.94 | 220 |
| ASIANPAINT | 2179.75 | 2260 |
| ASTRAL | 1337.25 | 1400 |
| ATGL | 557.15 | 560 |
| AUBANK | 565.7 | 555 |
| AUROPHARMA | 1058.3 | 1100 |
| AXISBANK | 1015.55 | 1030 |
| BAJAJ-AUTO | 7902.9 | 8300 |
| BAJAJFINSV | 1872.3 | 1900 |
| BAJFINANCE | 8530.3 | 8500 |
| BALKRISIND | 2615.65 | 2700 |
| BANDHANBNK | 141.19 | 145 |
| BANKBARODA | 197.07 | 215 |
| BANKINDIA | 95.16 | 100 |
| BEL | 246.25 | 260 |
| BERGEPAINT | 488.55 | 490 |
| BHARATFORG | 1016.5 | 1040 |
| BHARTIARTL | 1570.2 | 1620 |
| BHEL | 179.17 | 195 |
| BIOCON | 302.45 | 320 |
| BOSCHLTD | 26544 | 30000 |
| BPCL | 237.3 | 250 |
| BRITANNIA | 4595.45 | 4800 |
| BSE | 4633.7 | 5100 |
| BSOFT | 424.05 | 450 |
| CAMS | 3143.1 | 3300 |
| CANBK | 80.9 | 88 |
| CDSL | 1107.9 | 1200 |
| CESC | 130.79 | 135 |
| CGPOWER | 572.6 | 580 |
| CHAMBLFERT | 533.7 | 550 |
| CHOLAFIN | 1400.75 | 1400 |
| CIPLA | 1407.5 | 1460 |
| COALINDIA | 369.35 | 380 |
| COFORGE | 7362.15 | 7400 |
| COLPAL | 2464.6 | 2500 |
| CONCOR | 623.7 | 680 |
| CROMPTON | 321.15 | 330 |
| CUMMINSIND | 2717.95 | 2800 |
| CYIENT | 1267.15 | 1300 |
| DABUR | 493.3 | 510 |
| DALBHARAT | 1689.65 | 1700 |
| DEEPAKNTR | 1851.3 | 1900 |
| DELHIVERY | 249.85 | 260 |
| DIVISLAB | 5480.25 | 5650 |
| DIXON | 13935.85 | 14000 |
| DLF | 635.55 | 670 |
| DMART | 3403.95 | 3550 |
| DRREDDY | 1116.5 | 1150 |
| EICHERMOT | 4773.6 | 4950 |
| ESCORTS | 2868.95 | 3000 |
| EXIDEIND | 347.8 | 370 |
| FEDERALBNK | 177.62 | 180 |
| GAIL | 156.04 | 160 |
| GLENMARK | 1278.95 | 1300 |
| GMRAIRPORT | 69.47 | 71 |
| GODREJCP | 1005.15 | 1030 |
| GODREJPROP | 1936.3 | 2000 |
| GRANULES | 461.8 | 490 |
| GRASIM | 2306.65 | 2360 |
| HAL | 3088.2 | 3400 |
| HAVELLS | 1421.8 | 1440 |
| HCLTECH | 1575.05 | 1640 |
| HDFCAMC | 3628.3 | 3800 |
| HDFCBANK | 1732.4 | 1720 |
| HDFCLIFE | 608.5 | 620 |
| HEROMOTOCO | 3681.1 | 3800 |
| HFCL | 79.19 | 85 |
| HINDALCO | 634.35 | 630 |
| HINDCOPPER | 202.32 | 220 |
| HINDPETRO | 293.75 | 310 |
| HINDUNILVR | 2190.25 | 2300 |
| HUDCO | 165.14 | 180 |
| ICICIBANK | 1204.1 | 1250 |
| ICICIGI | 1690.95 | 1720 |
| ICICIPRULI | 551.6 | 560 |
| IDEA | 7.55 | 8 |
| IDFCFIRSTB | 58.39 | 61 |
| IEX | 155.93 | 165 |
| IGL | 189.48 | 195 |
| INDHOTEL | 716.1 | 740 |
| INDIANB | 510.8 | 520 |
| INDIGO | 4477.3 | 4500 |
| INDUSINDBK | 990.1 | 1040 |
| INDUSTOWER | 323.35 | 345 |
| INFY | 1687.7 | 1760 |
| IOC | 113.49 | 120 |
| IRB | 43.26 | 45 |
| IRCTC | 670.95 | 710 |
| IRFC | 112.42 | 115 |
| ITC | 395 | 405 |
| JINDALSTEL | 856.15 | 880 |
| JIOFIN | 207.61 | 220 |
| JKCEMENT | 4389.35 | 4500 |
| JSL | 584.85 | 610 |
| JSWENERGY | 464.1 | 460 |
| JSWSTEEL | 950.7 | 970 |
| JUBLFOOD | 626.1 | 650 |
| KALYANKJIL | 462.25 | 460 |
| KEI | 3070.15 | 3000 |
| KOTAKBANK | 1902.95 | 1940 |
| KPITTECH | 1197.4 | 1260 |
| LAURUSLABS | 527.2 | 540 |
| LICHSGFIN | 496.9 | 530 |
| LICI | 740.5 | 760 |
| LODHA | 1130.9 | 1200 |
| LT | 3163.85 | 3300 |
| LTF | 134.73 | 140 |
| LTIM | 4665.95 | 5000 |
| LTTS | 4533.2 | 4700 |
| LUPIN | 1904.65 | 1900 |
| M&M | 2585.1 | 2700 |
| M&MFIN | 270.6 | 280 |
| MANAPPURAM | 200.96 | 200 |
| MARICO | 600.6 | 620 |
| MARUTI | 11945.85 | 12200 |
| MAXHEALTH | 978.1 | 1020 |
| MCX | 4991.65 | 5400 |
| MFSL | 998.1 | 1040 |
| MGL | 1237.5 | 1300 |
| MOTHERSON | 118.59 | 125 |
| MPHASIS | 2247.25 | 2350 |
| MRF | 105373.7 | 110000 |
| MUTHOOTFIN | 2132.8 | 2200 |
| NATIONALUM | 177.6 | 186 |
| NAUKRI | 6992.65 | 7300 |
| NBCC | 72.86 | 77.5 |
| NCC | 175 | 180 |
| NESTLEIND | 2189.65 | 2260 |
| NHPC | 72.9 | 75 |
| NMDC | 62.48 | 69 |
| NTPC | 311.45 | 320 |
| NYKAA | 158.8 | 160 |
| OBEROIRLTY | 1484.5 | 1520 |
| OFSS | 7763.9 | 8000 |
| OIL | 342.7 | 370 |
| ONGC | 225.25 | 235 |
| PAGEIND | 40515.95 | 42000 |
| PAYTM | 714.95 | 740 |
| PEL | 872.4 | 940 |
| PERSISTENT | 5303.9 | 5400 |
| PETRONET | 283.3 | 290 |
| PFC | 364.3 | 390 |
| PHOENIXLTD | 1548.1 | 1500 |
| PIDILITIND | 2657.9 | 2800 |
| PIIND | 3013.95 | 3100 |
| PNB | 87.39 | 95 |
| POLICYBZR | 1463.6 | 1550 |
| POLYCAB | 4713.4 | 4900 |
| POONAWALLA | 281.3 | 280 |
| POWERGRID | 250.85 | 265 |
| PRESTIGE | 1126.6 | 1150 |
| RAMCOCEM | 829 | 850 |
| RBLBANK | 158.34 | 160 |
| RECLTD | 360.3 | 390 |
| RELIANCE | 1200.1 | 1250 |
| SAIL | 105.02 | 110 |
| SBICARD | 838.8 | 850 |
| SBILIFE | 1430.5 | 1480 |
| SBIN | 688.8 | 720 |
| SHREECEM | 27284 | 27250 |
| SHRIRAMFIN | 617.3 | 610 |
| SIEMENS | 4623.5 | 4800 |
| SJVN | 84.11 | 87.5 |
| SOLARINDS | 8710.6 | 9000 |
| SONACOMS | 493.9 | 500 |
| SRF | 2795.4 | 2800 |
| SUNPHARMA | 1593.25 | 1640 |
| SUPREMEIND | 3329 | 3500 |
| SYNGENE | 652.4 | 700 |
| TATACHEM | 777.35 | 840 |
| TATACOMM | 1352.5 | 1400 |
| TATACONSUM | 963.7 | 1000 |
| TATAELXSI | 5411.1 | 5500 |
| TATAMOTORS | 620.65 | 660 |
| TATAPOWER | 339.2 | 360 |
| TATASTEEL | 137.2 | 140 |
| TCS | 3483.25 | 3650 |
| TECHM | 1487.85 | 1560 |
| TIINDIA | 2462.15 | 2600 |
| TITAN | 3077.25 | 3200 |
| TORNTPHARM | 2948.1 | 3000 |
| TORNTPOWER | 1262.95 | 1300 |
| TRENT | 4851.55 | 5000 |
| TVSMOTOR | 2225.5 | 2320 |
| ULTRACEMCO | 10128.45 | 10500 |
| UNIONBANK | 112.1 | 115 |
| UNITDSPR | 1284.45 | 1300 |
| UPL | 632.95 | 640 |
| USDINR | 0 | 77.25 |
| VBL | 436.05 | 470 |
| VEDL | 394.75 | 430 |
| VOLTAS | 1320.1 | 1300 |
| WIPRO | 277.65 | 290 |
| YESBANK | 16.75 | 18 |
| ZOMATO | 222.1 | 230 |
| ZYDUSLIFE | 876.6 | 900 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
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.
