SBIN
State Bank Of India
Max pain for SBIN
18 Sep 2024 04:10 PM IST
Max Pain for SBIN is 800
Strike 640 has a total call value of 0 versus a total put value of 530,405,250,000 Combined total value = 530,405,250,000
Strike 650 has a total call value of 0 versus a total put value of 493,590,000,000 Combined total value = 493,590,000,000
Strike 660 has a total call value of 0 versus a total put value of 456,774,750,000 Combined total value = 456,774,750,000
Strike 670 has a total call value of 0 versus a total put value of 420,011,250,000 Combined total value = 420,011,250,000
Strike 680 has a total call value of 0 versus a total put value of 383,309,250,000 Combined total value = 383,309,250,000
Strike 690 has a total call value of 0 versus a total put value of 346,887,000,000 Combined total value = 346,887,000,000
Strike 700 has a total call value of 750,000 versus a total put value of 310,533,000,000 Combined total value = 310,533,750,000
Strike 710 has a total call value of 91,500,000 versus a total put value of 275,741,250,000 Combined total value = 275,832,750,000
Strike 720 has a total call value of 223,500,000 versus a total put value of 241,242,750,000 Combined total value = 241,466,250,000
Strike 730 has a total call value of 462,000,000 versus a total put value of 208,011,000,000 Combined total value = 208,473,000,000
Strike 740 has a total call value of 754,500,000 versus a total put value of 175,561,500,000 Combined total value = 176,316,000,000
Strike 750 has a total call value of 1,155,750,000 versus a total put value of 144,393,750,000 Combined total value = 145,549,500,000
Strike 760 has a total call value of 2,104,500,000 versus a total put value of 117,009,000,000 Combined total value = 119,113,500,000
Strike 770 has a total call value of 3,384,750,000 versus a total put value of 91,536,000,000 Combined total value = 94,920,750,000
Strike 780 has a total call value of 5,654,250,000 versus a total put value of 69,376,500,000 Combined total value = 75,030,750,000
Strike 790 has a total call value of 10,122,750,000 versus a total put value of 51,804,750,000 Combined total value = 61,927,500,000
Strike 800 has a total call value of 18,608,250,000 versus a total put value of 37,778,250,000 Combined total value = 56,386,500,000
Strike 810 has a total call value of 37,278,750,000 versus a total put value of 28,328,250,000 Combined total value = 65,607,000,000
Strike 820 has a total call value of 60,761,250,000 versus a total put value of 20,271,000,000 Combined total value = 81,032,250,000
Strike 830 has a total call value of 94,757,250,000 versus a total put value of 15,066,000,000 Combined total value = 109,823,250,000
Strike 840 has a total call value of 134,869,500,000 versus a total put value of 11,365,500,000 Combined total value = 146,235,000,000
Strike 850 has a total call value of 178,165,500,000 versus a total put value of 8,447,250,000 Combined total value = 186,612,750,000
Strike 860 has a total call value of 227,175,000,000 versus a total put value of 6,245,250,000 Combined total value = 233,420,250,000
Strike 870 has a total call value of 278,826,750,000 versus a total put value of 4,589,250,000 Combined total value = 283,416,000,000
Strike 880 has a total call value of 331,483,500,000 versus a total put value of 3,087,000,000 Combined total value = 334,570,500,000
Strike 890 has a total call value of 385,607,250,000 versus a total put value of 2,320,500,000 Combined total value = 387,927,750,000
Strike 900 has a total call value of 440,322,000,000 versus a total put value of 1,554,000,000 Combined total value = 441,876,000,000
Strike 910 has a total call value of 498,445,500,000 versus a total put value of 1,322,250,000 Combined total value = 499,767,750,000
Strike 920 has a total call value of 556,902,750,000 versus a total put value of 1,090,500,000 Combined total value = 557,993,250,000
Strike 930 has a total call value of 615,857,250,000 versus a total put value of 858,750,000 Combined total value = 616,716,000,000
Strike 940 has a total call value of 674,994,750,000 versus a total put value of 663,750,000 Combined total value = 675,658,500,000
Strike 950 has a total call value of 734,283,750,000 versus a total put value of 468,750,000 Combined total value = 734,752,500,000
Strike 960 has a total call value of 793,870,500,000 versus a total put value of 375,000,000 Combined total value = 794,245,500,000
Strike 970 has a total call value of 853,500,750,000 versus a total put value of 281,250,000 Combined total value = 853,782,000,000
Strike 980 has a total call value of 913,131,000,000 versus a total put value of 187,500,000 Combined total value = 913,318,500,000
Strike 990 has a total call value of 972,841,500,000 versus a total put value of 93,750,000 Combined total value = 972,935,250,000
Strike 1000 has a total call value of 1,032,552,000,000 versus a total put value of 0 Combined total value = 1,032,552,000,000
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.