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SBIN
STATE BANK OF INDIA

832.1 13.35 (1.63%)

Max pain for SBIN

23 May 2024 04:07 PM IST

Max Pain for SBIN is 815  



Strike  630  has a total call value of 0  versus a total put value of  517,780,875,000 Combined total value = 517,780,875,000

Strike  635  has a total call value of 0  versus a total put value of  500,451,375,000 Combined total value = 500,451,375,000

Strike  640  has a total call value of 0  versus a total put value of  483,121,875,000 Combined total value = 483,121,875,000

Strike  645  has a total call value of 0  versus a total put value of  465,818,625,000 Combined total value = 465,818,625,000

Strike  650  has a total call value of 0  versus a total put value of  448,515,375,000 Combined total value = 448,515,375,000

Strike  655  has a total call value of 43,125,000  versus a total put value of  431,431,125,000 Combined total value = 431,474,250,000

Strike  660  has a total call value of 86,250,000  versus a total put value of  414,346,875,000 Combined total value = 414,433,125,000

Strike  665  has a total call value of 129,375,000  versus a total put value of  397,324,875,000 Combined total value = 397,454,250,000

Strike  670  has a total call value of 172,500,000  versus a total put value of  380,302,875,000 Combined total value = 380,475,375,000

Strike  675  has a total call value of 215,625,000  versus a total put value of  363,347,250,000 Combined total value = 363,562,875,000

Strike  680  has a total call value of 258,750,000  versus a total put value of  346,391,625,000 Combined total value = 346,650,375,000

Strike  685  has a total call value of 314,625,000  versus a total put value of  329,628,750,000 Combined total value = 329,943,375,000

Strike  690  has a total call value of 370,500,000  versus a total put value of  312,881,625,000 Combined total value = 313,252,125,000

Strike  695  has a total call value of 426,375,000  versus a total put value of  296,205,000,000 Combined total value = 296,631,375,000

Strike  700  has a total call value of 482,250,000  versus a total put value of  279,547,875,000 Combined total value = 280,030,125,000

Strike  705  has a total call value of 597,750,000  versus a total put value of  263,724,375,000 Combined total value = 264,322,125,000

Strike  710  has a total call value of 713,250,000  versus a total put value of  247,927,125,000 Combined total value = 248,640,375,000

Strike  715  has a total call value of 828,750,000  versus a total put value of  232,260,750,000 Combined total value = 233,089,500,000

Strike  720  has a total call value of 944,250,000  versus a total put value of  216,635,250,000 Combined total value = 217,579,500,000

Strike  725  has a total call value of 1,108,125,000  versus a total put value of  201,661,500,000 Combined total value = 202,769,625,000

Strike  730  has a total call value of 1,272,000,000  versus a total put value of  186,747,000,000 Combined total value = 188,019,000,000

Strike  735  has a total call value of 1,467,375,000  versus a total put value of  172,435,125,000 Combined total value = 173,902,500,000

Strike  740  has a total call value of 1,662,750,000  versus a total put value of  158,188,500,000 Combined total value = 159,851,250,000

Strike  745  has a total call value of 1,999,500,000  versus a total put value of  144,625,500,000 Combined total value = 146,625,000,000

Strike  750  has a total call value of 2,336,250,000  versus a total put value of  131,155,875,000 Combined total value = 133,492,125,000

Strike  755  has a total call value of 3,055,125,000  versus a total put value of  119,181,750,000 Combined total value = 122,236,875,000

Strike  760  has a total call value of 3,802,875,000  versus a total put value of  107,326,500,000 Combined total value = 111,129,375,000

Strike  765  has a total call value of 4,710,000,000  versus a total put value of  96,057,375,000 Combined total value = 100,767,375,000

Strike  770  has a total call value of 5,652,750,000  versus a total put value of  84,937,500,000 Combined total value = 90,590,250,000

Strike  775  has a total call value of 6,820,125,000  versus a total put value of  74,546,250,000 Combined total value = 81,366,375,000

Strike  780  has a total call value of 8,036,250,000  versus a total put value of  64,344,750,000 Combined total value = 72,381,000,000

Strike  785  has a total call value of 9,578,625,000  versus a total put value of  55,123,500,000 Combined total value = 64,702,125,000

Strike  790  has a total call value of 11,203,125,000  versus a total put value of  46,112,625,000 Combined total value = 57,315,750,000

Strike  795  has a total call value of 13,082,250,000  versus a total put value of  37,799,250,000 Combined total value = 50,881,500,000

Strike  800  has a total call value of 15,019,500,000  versus a total put value of  29,781,000,000 Combined total value = 44,800,500,000

Strike  805  has a total call value of 17,946,750,000  versus a total put value of  23,953,875,000 Combined total value = 41,900,625,000

Strike  810  has a total call value of 21,036,000,000  versus a total put value of  18,498,000,000 Combined total value = 39,534,000,000

Strike  815  has a total call value of 24,938,625,000  versus a total put value of  14,079,750,000 Combined total value = 39,018,375,000

Strike  820  has a total call value of 29,164,500,000  versus a total put value of  10,288,875,000 Combined total value = 39,453,375,000

Strike  825  has a total call value of 35,004,750,000  versus a total put value of  7,855,500,000 Combined total value = 42,860,250,000

Strike  830  has a total call value of 41,814,750,000  versus a total put value of  5,817,375,000 Combined total value = 47,632,125,000

Strike  835  has a total call value of 51,187,500,000  versus a total put value of  4,636,500,000 Combined total value = 55,824,000,000

Strike  840  has a total call value of 61,736,625,000  versus a total put value of  3,703,500,000 Combined total value = 65,440,125,000

Strike  845  has a total call value of 74,759,250,000  versus a total put value of  3,019,875,000 Combined total value = 77,779,125,000

Strike  850  has a total call value of 88,184,625,000  versus a total put value of  2,372,625,000 Combined total value = 90,557,250,000

Strike  855  has a total call value of 105,903,375,000  versus a total put value of  1,954,125,000 Combined total value = 107,857,500,000

Strike  860  has a total call value of 123,942,750,000  versus a total put value of  1,565,625,000 Combined total value = 125,508,375,000

Strike  865  has a total call value of 142,892,250,000  versus a total put value of  1,234,500,000 Combined total value = 144,126,750,000

Strike  870  has a total call value of 162,052,875,000  versus a total put value of  943,500,000 Combined total value = 162,996,375,000

Strike  875  has a total call value of 181,893,000,000  versus a total put value of  704,625,000 Combined total value = 182,597,625,000

Strike  880  has a total call value of 201,895,875,000  versus a total put value of  491,625,000 Combined total value = 202,387,500,000

Strike  885  has a total call value of 222,938,625,000  versus a total put value of  365,250,000 Combined total value = 223,303,875,000

Strike  890  has a total call value of 244,113,000,000  versus a total put value of  253,500,000 Combined total value = 244,366,500,000

Strike  895  has a total call value of 265,897,125,000  versus a total put value of  186,750,000 Combined total value = 266,083,875,000

Strike  900  has a total call value of 287,821,875,000  versus a total put value of  120,000,000 Combined total value = 287,941,875,000

Strike  905  has a total call value of 312,576,375,000  versus a total put value of  90,000,000 Combined total value = 312,666,375,000

Strike  910  has a total call value of 337,474,875,000  versus a total put value of  60,000,000 Combined total value = 337,534,875,000

Strike  915  has a total call value of 362,708,625,000  versus a total put value of  30,000,000 Combined total value = 362,738,625,000

Strike  920  has a total call value of 388,032,000,000  versus a total put value of  0 Combined total value = 388,032,000,000

Strike  925  has a total call value of 413,797,500,000  versus a total put value of  0 Combined total value = 413,797,500,000

Strike  930  has a total call value of 439,783,500,000  versus a total put value of  0 Combined total value = 439,783,500,000

Strike  935  has a total call value of 466,158,750,000  versus a total put value of  0 Combined total value = 466,158,750,000

Strike  940  has a total call value of 492,534,000,000  versus a total put value of  0 Combined total value = 492,534,000,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.