SBICARD
Sbi Cards & Pay Ser Ltd
Max pain for SBICARD
12 Nov 2024 04:11 PM IST
Max Pain for SBICARD is 695
Strike 550 has a total call value of 0 versus a total put value of 69,680,000,000 Combined total value = 69,680,000,000
Strike 555 has a total call value of 0 versus a total put value of 66,874,000,000 Combined total value = 66,874,000,000
Strike 560 has a total call value of 0 versus a total put value of 64,068,000,000 Combined total value = 64,068,000,000
Strike 565 has a total call value of 0 versus a total put value of 61,270,800,000 Combined total value = 61,270,800,000
Strike 570 has a total call value of 0 versus a total put value of 58,473,600,000 Combined total value = 58,473,600,000
Strike 575 has a total call value of 0 versus a total put value of 55,676,400,000 Combined total value = 55,676,400,000
Strike 580 has a total call value of 0 versus a total put value of 52,879,200,000 Combined total value = 52,879,200,000
Strike 585 has a total call value of 0 versus a total put value of 50,133,200,000 Combined total value = 50,133,200,000
Strike 590 has a total call value of 0 versus a total put value of 47,387,200,000 Combined total value = 47,387,200,000
Strike 595 has a total call value of 0 versus a total put value of 44,641,200,000 Combined total value = 44,641,200,000
Strike 600 has a total call value of 0 versus a total put value of 41,895,200,000 Combined total value = 41,895,200,000
Strike 605 has a total call value of 0 versus a total put value of 39,295,600,000 Combined total value = 39,295,600,000
Strike 610 has a total call value of 0 versus a total put value of 36,696,000,000 Combined total value = 36,696,000,000
Strike 615 has a total call value of 0 versus a total put value of 34,117,200,000 Combined total value = 34,117,200,000
Strike 620 has a total call value of 0 versus a total put value of 31,538,400,000 Combined total value = 31,538,400,000
Strike 625 has a total call value of 0 versus a total put value of 29,052,400,000 Combined total value = 29,052,400,000
Strike 630 has a total call value of 0 versus a total put value of 26,580,400,000 Combined total value = 26,580,400,000
Strike 635 has a total call value of 0 versus a total put value of 24,210,400,000 Combined total value = 24,210,400,000
Strike 640 has a total call value of 0 versus a total put value of 21,854,000,000 Combined total value = 21,854,000,000
Strike 645 has a total call value of 0 versus a total put value of 19,647,600,000 Combined total value = 19,647,600,000
Strike 650 has a total call value of 0 versus a total put value of 17,441,200,000 Combined total value = 17,441,200,000
Strike 655 has a total call value of 66,000,000 versus a total put value of 15,483,600,000 Combined total value = 15,549,600,000
Strike 660 has a total call value of 136,000,000 versus a total put value of 13,606,000,000 Combined total value = 13,742,000,000
Strike 665 has a total call value of 286,800,000 versus a total put value of 11,937,600,000 Combined total value = 12,224,400,000
Strike 670 has a total call value of 464,400,000 versus a total put value of 10,327,200,000 Combined total value = 10,791,600,000
Strike 675 has a total call value of 739,200,000 versus a total put value of 8,916,800,000 Combined total value = 9,656,000,000
Strike 680 has a total call value of 1,080,400,000 versus a total put value of 7,596,800,000 Combined total value = 8,677,200,000
Strike 685 has a total call value of 1,613,200,000 versus a total put value of 6,609,200,000 Combined total value = 8,222,400,000
Strike 690 has a total call value of 2,184,000,000 versus a total put value of 5,666,000,000 Combined total value = 7,850,000,000
Strike 695 has a total call value of 2,904,000,000 versus a total put value of 4,868,800,000 Combined total value = 7,772,800,000
Strike 700 has a total call value of 3,698,000,000 versus a total put value of 4,118,400,000 Combined total value = 7,816,400,000
Strike 705 has a total call value of 5,382,800,000 versus a total put value of 3,680,000,000 Combined total value = 9,062,800,000
Strike 710 has a total call value of 7,115,600,000 versus a total put value of 3,258,800,000 Combined total value = 10,374,400,000
Strike 715 has a total call value of 9,053,600,000 versus a total put value of 2,901,600,000 Combined total value = 11,955,200,000
Strike 720 has a total call value of 11,024,000,000 versus a total put value of 2,554,800,000 Combined total value = 13,578,800,000
Strike 725 has a total call value of 13,206,000,000 versus a total put value of 2,314,800,000 Combined total value = 15,520,800,000
Strike 730 has a total call value of 15,444,800,000 versus a total put value of 2,074,800,000 Combined total value = 17,519,600,000
Strike 735 has a total call value of 17,809,200,000 versus a total put value of 1,852,000,000 Combined total value = 19,661,200,000
Strike 740 has a total call value of 20,218,400,000 versus a total put value of 1,630,400,000 Combined total value = 21,848,800,000
Strike 745 has a total call value of 22,792,800,000 versus a total put value of 1,408,800,000 Combined total value = 24,201,600,000
Strike 750 has a total call value of 25,403,600,000 versus a total put value of 1,187,200,000 Combined total value = 26,590,800,000
Strike 755 has a total call value of 28,436,000,000 versus a total put value of 1,068,000,000 Combined total value = 29,504,000,000
Strike 760 has a total call value of 31,486,800,000 versus a total put value of 948,800,000 Combined total value = 32,435,600,000
Strike 765 has a total call value of 34,674,400,000 versus a total put value of 829,600,000 Combined total value = 35,504,000,000
Strike 770 has a total call value of 37,862,000,000 versus a total put value of 710,400,000 Combined total value = 38,572,400,000
Strike 775 has a total call value of 41,141,200,000 versus a total put value of 591,200,000 Combined total value = 41,732,400,000
Strike 780 has a total call value of 44,420,400,000 versus a total put value of 472,000,000 Combined total value = 44,892,400,000
Strike 785 has a total call value of 47,811,600,000 versus a total put value of 352,800,000 Combined total value = 48,164,400,000
Strike 790 has a total call value of 51,208,400,000 versus a total put value of 235,200,000 Combined total value = 51,443,600,000
Strike 795 has a total call value of 54,605,200,000 versus a total put value of 117,600,000 Combined total value = 54,722,800,000
Strike 800 has a total call value of 58,002,000,000 versus a total put value of 0 Combined total value = 58,002,000,000
Strike 805 has a total call value of 62,570,800,000 versus a total put value of 0 Combined total value = 62,570,800,000
Strike 810 has a total call value of 67,139,600,000 versus a total put value of 0 Combined total value = 67,139,600,000
Strike 815 has a total call value of 71,708,400,000 versus a total put value of 0 Combined total value = 71,708,400,000
Strike 820 has a total call value of 76,277,200,000 versus a total put value of 0 Combined total value = 76,277,200,000
Strike 825 has a total call value of 80,871,200,000 versus a total put value of 0 Combined total value = 80,871,200,000
Strike 830 has a total call value of 85,465,200,000 versus a total put value of 0 Combined total value = 85,465,200,000
Strike 835 has a total call value of 90,059,200,000 versus a total put value of 0 Combined total value = 90,059,200,000
Strike 840 has a total call value of 94,653,200,000 versus a total put value of 0 Combined total value = 94,653,200,000
Strike 845 has a total call value of 99,254,800,000 versus a total put value of 0 Combined total value = 99,254,800,000
Strike 850 has a total call value of 103,856,400,000 versus a total put value of 0 Combined total value = 103,856,400,000
Strike 855 has a total call value of 108,610,000,000 versus a total put value of 0 Combined total value = 108,610,000,000
Strike 860 has a total call value of 113,363,600,000 versus a total put value of 0 Combined total value = 113,363,600,000
Strike 865 has a total call value of 118,117,200,000 versus a total put value of 0 Combined total value = 118,117,200,000
Strike 870 has a total call value of 122,870,800,000 versus a total put value of 0 Combined total value = 122,870,800,000
Strike 875 has a total call value of 127,624,400,000 versus a total put value of 0 Combined total value = 127,624,400,000
Strike 880 has a total call value of 132,378,000,000 versus a total put value of 0 Combined total value = 132,378,000,000
Strike 885 has a total call value of 137,131,600,000 versus a total put value of 0 Combined total value = 137,131,600,000
Strike 890 has a total call value of 141,885,200,000 versus a total put value of 0 Combined total value = 141,885,200,000
Strike 895 has a total call value of 146,638,800,000 versus a total put value of 0 Combined total value = 146,638,800,000
Strike 900 has a total call value of 151,392,400,000 versus a total put value of 0 Combined total value = 151,392,400,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
