SBIN
STATE BANK OF INDIA
Max pain for SBIN
19 Mar 2024 01:36 PM IST
Max Pain for SBIN is 740
Strike 505 has a total call value of 0 versus a total put value of 746,279,250,000 Combined total value = 746,279,250,000
Strike 510 has a total call value of 0 versus a total put value of 728,451,750,000 Combined total value = 728,451,750,000
Strike 515 has a total call value of 51,750,000 versus a total put value of 710,624,250,000 Combined total value = 710,676,000,000
Strike 520 has a total call value of 103,500,000 versus a total put value of 692,796,750,000 Combined total value = 692,900,250,000
Strike 525 has a total call value of 155,250,000 versus a total put value of 674,969,250,000 Combined total value = 675,124,500,000
Strike 530 has a total call value of 207,000,000 versus a total put value of 657,141,750,000 Combined total value = 657,348,750,000
Strike 535 has a total call value of 258,750,000 versus a total put value of 639,314,250,000 Combined total value = 639,573,000,000
Strike 540 has a total call value of 310,500,000 versus a total put value of 621,486,750,000 Combined total value = 621,797,250,000
Strike 545 has a total call value of 362,250,000 versus a total put value of 603,659,250,000 Combined total value = 604,021,500,000
Strike 550 has a total call value of 414,000,000 versus a total put value of 585,831,750,000 Combined total value = 586,245,750,000
Strike 555 has a total call value of 465,750,000 versus a total put value of 568,169,250,000 Combined total value = 568,635,000,000
Strike 560 has a total call value of 517,500,000 versus a total put value of 550,506,750,000 Combined total value = 551,024,250,000
Strike 565 has a total call value of 569,250,000 versus a total put value of 532,844,250,000 Combined total value = 533,413,500,000
Strike 570 has a total call value of 621,000,000 versus a total put value of 515,181,750,000 Combined total value = 515,802,750,000
Strike 575 has a total call value of 672,750,000 versus a total put value of 497,537,250,000 Combined total value = 498,210,000,000
Strike 580 has a total call value of 724,500,000 versus a total put value of 479,892,750,000 Combined total value = 480,617,250,000
Strike 585 has a total call value of 776,250,000 versus a total put value of 462,248,250,000 Combined total value = 463,024,500,000
Strike 590 has a total call value of 828,000,000 versus a total put value of 444,603,750,000 Combined total value = 445,431,750,000
Strike 595 has a total call value of 879,750,000 versus a total put value of 426,978,750,000 Combined total value = 427,858,500,000
Strike 600 has a total call value of 931,500,000 versus a total put value of 409,353,750,000 Combined total value = 410,285,250,000
Strike 605 has a total call value of 1,029,000,000 versus a total put value of 392,247,000,000 Combined total value = 393,276,000,000
Strike 610 has a total call value of 1,126,500,000 versus a total put value of 375,140,250,000 Combined total value = 376,266,750,000
Strike 615 has a total call value of 1,224,000,000 versus a total put value of 358,033,500,000 Combined total value = 359,257,500,000
Strike 620 has a total call value of 1,321,500,000 versus a total put value of 340,930,500,000 Combined total value = 342,252,000,000
Strike 625 has a total call value of 1,419,000,000 versus a total put value of 324,224,250,000 Combined total value = 325,643,250,000
Strike 630 has a total call value of 1,516,500,000 versus a total put value of 307,518,000,000 Combined total value = 309,034,500,000
Strike 635 has a total call value of 1,614,000,000 versus a total put value of 290,911,500,000 Combined total value = 292,525,500,000
Strike 640 has a total call value of 1,711,500,000 versus a total put value of 274,316,250,000 Combined total value = 276,027,750,000
Strike 645 has a total call value of 1,836,750,000 versus a total put value of 257,898,750,000 Combined total value = 259,735,500,000
Strike 650 has a total call value of 1,962,000,000 versus a total put value of 241,481,250,000 Combined total value = 243,443,250,000
Strike 655 has a total call value of 2,167,500,000 versus a total put value of 225,920,250,000 Combined total value = 228,087,750,000
Strike 660 has a total call value of 2,373,000,000 versus a total put value of 210,381,750,000 Combined total value = 212,754,750,000
Strike 665 has a total call value of 2,595,750,000 versus a total put value of 195,260,250,000 Combined total value = 197,856,000,000
Strike 670 has a total call value of 2,818,500,000 versus a total put value of 180,192,000,000 Combined total value = 183,010,500,000
Strike 675 has a total call value of 3,060,000,000 versus a total put value of 165,462,750,000 Combined total value = 168,522,750,000
Strike 680 has a total call value of 3,301,500,000 versus a total put value of 150,876,750,000 Combined total value = 154,178,250,000
Strike 685 has a total call value of 3,609,750,000 versus a total put value of 137,109,750,000 Combined total value = 140,719,500,000
Strike 690 has a total call value of 3,918,000,000 versus a total put value of 123,474,750,000 Combined total value = 127,392,750,000
Strike 695 has a total call value of 4,265,250,000 versus a total put value of 110,311,500,000 Combined total value = 114,576,750,000
Strike 700 has a total call value of 4,620,000,000 versus a total put value of 97,303,500,000 Combined total value = 101,923,500,000
Strike 705 has a total call value of 5,475,750,000 versus a total put value of 86,380,500,000 Combined total value = 91,856,250,000
Strike 710 has a total call value of 6,351,000,000 versus a total put value of 75,641,250,000 Combined total value = 81,992,250,000
Strike 715 has a total call value of 7,366,500,000 versus a total put value of 65,720,250,000 Combined total value = 73,086,750,000
Strike 720 has a total call value of 8,403,000,000 versus a total put value of 56,109,000,000 Combined total value = 64,512,000,000
Strike 725 has a total call value of 9,876,750,000 versus a total put value of 48,173,250,000 Combined total value = 58,050,000,000
Strike 730 has a total call value of 11,600,250,000 versus a total put value of 40,792,500,000 Combined total value = 52,392,750,000
Strike 735 has a total call value of 14,928,750,000 versus a total put value of 34,577,250,000 Combined total value = 49,506,000,000
Strike 740 has a total call value of 18,910,500,000 versus a total put value of 28,649,250,000 Combined total value = 47,559,750,000
Strike 745 has a total call value of 24,458,250,000 versus a total put value of 23,835,750,000 Combined total value = 48,294,000,000
Strike 750 has a total call value of 30,565,500,000 versus a total put value of 19,213,500,000 Combined total value = 49,779,000,000
Strike 755 has a total call value of 39,944,250,000 versus a total put value of 15,903,000,000 Combined total value = 55,847,250,000
Strike 760 has a total call value of 49,891,500,000 versus a total put value of 12,755,250,000 Combined total value = 62,646,750,000
Strike 765 has a total call value of 62,441,250,000 versus a total put value of 10,109,250,000 Combined total value = 72,550,500,000
Strike 770 has a total call value of 75,596,250,000 versus a total put value of 7,593,000,000 Combined total value = 83,189,250,000
Strike 775 has a total call value of 90,897,000,000 versus a total put value of 5,546,250,000 Combined total value = 96,443,250,000
Strike 780 has a total call value of 107,206,500,000 versus a total put value of 3,814,500,000 Combined total value = 111,021,000,000
Strike 785 has a total call value of 126,372,750,000 versus a total put value of 2,888,250,000 Combined total value = 129,261,000,000
Strike 790 has a total call value of 146,202,000,000 versus a total put value of 2,080,500,000 Combined total value = 148,282,500,000
Strike 795 has a total call value of 167,702,250,000 versus a total put value of 1,663,500,000 Combined total value = 169,365,750,000
Strike 800 has a total call value of 189,517,500,000 versus a total put value of 1,246,500,000 Combined total value = 190,764,000,000
Strike 805 has a total call value of 217,332,750,000 versus a total put value of 1,133,250,000 Combined total value = 218,466,000,000
Strike 810 has a total call value of 245,705,250,000 versus a total put value of 1,020,000,000 Combined total value = 246,725,250,000
Strike 815 has a total call value of 274,887,000,000 versus a total put value of 906,750,000 Combined total value = 275,793,750,000
Strike 820 has a total call value of 304,230,000,000 versus a total put value of 793,500,000 Combined total value = 305,023,500,000
Strike 825 has a total call value of 334,815,750,000 versus a total put value of 680,250,000 Combined total value = 335,496,000,000
Strike 830 has a total call value of 365,558,250,000 versus a total put value of 579,000,000 Combined total value = 366,137,250,000
Strike 835 has a total call value of 396,837,000,000 versus a total put value of 477,750,000 Combined total value = 397,314,750,000
Strike 840 has a total call value of 428,274,750,000 versus a total put value of 376,500,000 Combined total value = 428,651,250,000
Strike 845 has a total call value of 460,189,500,000 versus a total put value of 275,250,000 Combined total value = 460,464,750,000
Strike 850 has a total call value of 492,183,000,000 versus a total put value of 174,000,000 Combined total value = 492,357,000,000
Strike 855 has a total call value of 525,498,750,000 versus a total put value of 130,500,000 Combined total value = 525,629,250,000
Strike 860 has a total call value of 558,814,500,000 versus a total put value of 87,000,000 Combined total value = 558,901,500,000
Strike 865 has a total call value of 593,244,750,000 versus a total put value of 43,500,000 Combined total value = 593,288,250,000
Strike 870 has a total call value of 627,675,000,000 versus a total put value of 0 Combined total value = 627,675,000,000
Strike 875 has a total call value of 663,090,750,000 versus a total put value of 0 Combined total value = 663,090,750,000
Strike 880 has a total call value of 698,506,500,000 versus a total put value of 0 Combined total value = 698,506,500,000
Strike 885 has a total call value of 734,330,250,000 versus a total put value of 0 Combined total value = 734,330,250,000
Strike 890 has a total call value of 770,154,000,000 versus a total put value of 0 Combined total value = 770,154,000,000
Max Pain - Choose a symbol
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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.