SBIN
STATE BANK OF INDIA
Max pain for SBIN
29 Nov 2023 04:17 PM IST
Max Pain for SBIN is 570
Strike 470 has a total call value of 0 versus a total put value of 185,388,750,000 Combined total value = 185,388,750,000
Strike 475 has a total call value of 0 versus a total put value of 174,340,500,000 Combined total value = 174,340,500,000
Strike 480 has a total call value of 0 versus a total put value of 163,335,750,000 Combined total value = 163,335,750,000
Strike 485 has a total call value of 2,250,000 versus a total put value of 152,529,750,000 Combined total value = 152,532,000,000
Strike 490 has a total call value of 4,500,000 versus a total put value of 141,723,750,000 Combined total value = 141,728,250,000
Strike 495 has a total call value of 6,750,000 versus a total put value of 131,037,000,000 Combined total value = 131,043,750,000
Strike 500 has a total call value of 9,000,000 versus a total put value of 120,402,000,000 Combined total value = 120,411,000,000
Strike 505 has a total call value of 35,250,000 versus a total put value of 110,339,250,000 Combined total value = 110,374,500,000
Strike 510 has a total call value of 84,000,000 versus a total put value of 100,318,500,000 Combined total value = 100,402,500,000
Strike 515 has a total call value of 132,750,000 versus a total put value of 90,486,750,000 Combined total value = 90,619,500,000
Strike 520 has a total call value of 190,500,000 versus a total put value of 80,748,000,000 Combined total value = 80,938,500,000
Strike 525 has a total call value of 325,500,000 versus a total put value of 71,470,500,000 Combined total value = 71,796,000,000
Strike 530 has a total call value of 482,250,000 versus a total put value of 62,349,000,000 Combined total value = 62,831,250,000
Strike 535 has a total call value of 729,750,000 versus a total put value of 53,880,000,000 Combined total value = 54,609,750,000
Strike 540 has a total call value of 1,055,250,000 versus a total put value of 45,697,500,000 Combined total value = 46,752,750,000
Strike 545 has a total call value of 1,501,500,000 versus a total put value of 38,439,000,000 Combined total value = 39,940,500,000
Strike 550 has a total call value of 2,011,500,000 versus a total put value of 31,460,250,000 Combined total value = 33,471,750,000
Strike 555 has a total call value of 2,777,250,000 versus a total put value of 25,439,250,000 Combined total value = 28,216,500,000
Strike 560 has a total call value of 3,717,750,000 versus a total put value of 19,845,750,000 Combined total value = 23,563,500,000
Strike 565 has a total call value of 5,115,750,000 versus a total put value of 15,226,500,000 Combined total value = 20,342,250,000
Strike 570 has a total call value of 7,161,000,000 versus a total put value of 11,601,750,000 Combined total value = 18,762,750,000
Strike 575 has a total call value of 12,292,500,000 versus a total put value of 9,112,500,000 Combined total value = 21,405,000,000
Strike 580 has a total call value of 20,710,500,000 versus a total put value of 6,920,250,000 Combined total value = 27,630,750,000
Strike 585 has a total call value of 31,739,250,000 versus a total put value of 5,412,750,000 Combined total value = 37,152,000,000
Strike 590 has a total call value of 44,182,500,000 versus a total put value of 4,065,000,000 Combined total value = 48,247,500,000
Strike 595 has a total call value of 58,440,000,000 versus a total put value of 3,123,750,000 Combined total value = 61,563,750,000
Strike 600 has a total call value of 73,179,750,000 versus a total put value of 2,312,250,000 Combined total value = 75,492,000,000
Strike 605 has a total call value of 91,629,750,000 versus a total put value of 1,807,500,000 Combined total value = 93,437,250,000
Strike 610 has a total call value of 110,637,750,000 versus a total put value of 1,327,500,000 Combined total value = 111,965,250,000
Strike 615 has a total call value of 130,356,750,000 versus a total put value of 991,500,000 Combined total value = 131,348,250,000
Strike 620 has a total call value of 150,324,750,000 versus a total put value of 705,750,000 Combined total value = 151,030,500,000
Strike 625 has a total call value of 171,012,000,000 versus a total put value of 594,000,000 Combined total value = 171,606,000,000
Strike 630 has a total call value of 191,918,250,000 versus a total put value of 510,750,000 Combined total value = 192,429,000,000
Strike 635 has a total call value of 213,292,500,000 versus a total put value of 444,750,000 Combined total value = 213,737,250,000
Strike 640 has a total call value of 234,729,750,000 versus a total put value of 378,750,000 Combined total value = 235,108,500,000
Strike 645 has a total call value of 256,307,250,000 versus a total put value of 312,750,000 Combined total value = 256,620,000,000
Strike 650 has a total call value of 277,937,250,000 versus a total put value of 247,500,000 Combined total value = 278,184,750,000
Strike 655 has a total call value of 300,050,250,000 versus a total put value of 213,750,000 Combined total value = 300,264,000,000
Strike 660 has a total call value of 322,163,250,000 versus a total put value of 180,000,000 Combined total value = 322,343,250,000
Strike 665 has a total call value of 344,476,500,000 versus a total put value of 150,000,000 Combined total value = 344,626,500,000
Strike 670 has a total call value of 366,789,750,000 versus a total put value of 120,000,000 Combined total value = 366,909,750,000
Strike 675 has a total call value of 389,205,750,000 versus a total put value of 90,000,000 Combined total value = 389,295,750,000
Strike 680 has a total call value of 411,621,750,000 versus a total put value of 60,000,000 Combined total value = 411,681,750,000
Strike 685 has a total call value of 434,125,500,000 versus a total put value of 30,000,000 Combined total value = 434,155,500,000
Strike 690 has a total call value of 456,629,250,000 versus a total put value of 0 Combined total value = 456,629,250,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.