SBIN
STATE BANK OF INDIA
Max pain for SBIN
02 Jul 2024 10:50 AM IST
Max Pain for SBIN is 845
Strike 700 has a total call value of 0 versus a total put value of 244,069,125,000 Combined total value = 244,069,125,000
Strike 705 has a total call value of 85,500,000 versus a total put value of 234,097,875,000 Combined total value = 234,183,375,000
Strike 710 has a total call value of 171,000,000 versus a total put value of 224,126,625,000 Combined total value = 224,297,625,000
Strike 715 has a total call value of 256,500,000 versus a total put value of 214,156,875,000 Combined total value = 214,413,375,000
Strike 720 has a total call value of 342,000,000 versus a total put value of 204,187,125,000 Combined total value = 204,529,125,000
Strike 725 has a total call value of 427,500,000 versus a total put value of 194,271,000,000 Combined total value = 194,698,500,000
Strike 730 has a total call value of 513,000,000 versus a total put value of 184,354,875,000 Combined total value = 184,867,875,000
Strike 735 has a total call value of 598,500,000 versus a total put value of 174,438,750,000 Combined total value = 175,037,250,000
Strike 740 has a total call value of 684,000,000 versus a total put value of 164,522,625,000 Combined total value = 165,206,625,000
Strike 745 has a total call value of 769,500,000 versus a total put value of 154,786,875,000 Combined total value = 155,556,375,000
Strike 750 has a total call value of 855,000,000 versus a total put value of 145,051,125,000 Combined total value = 145,906,125,000
Strike 755 has a total call value of 1,000,500,000 versus a total put value of 135,711,750,000 Combined total value = 136,712,250,000
Strike 760 has a total call value of 1,146,000,000 versus a total put value of 126,385,500,000 Combined total value = 127,531,500,000
Strike 765 has a total call value of 1,291,500,000 versus a total put value of 117,286,500,000 Combined total value = 118,578,000,000
Strike 770 has a total call value of 1,437,000,000 versus a total put value of 108,224,625,000 Combined total value = 109,661,625,000
Strike 775 has a total call value of 1,585,125,000 versus a total put value of 99,350,250,000 Combined total value = 100,935,375,000
Strike 780 has a total call value of 1,733,250,000 versus a total put value of 90,558,000,000 Combined total value = 92,291,250,000
Strike 785 has a total call value of 1,947,750,000 versus a total put value of 82,218,750,000 Combined total value = 84,166,500,000
Strike 790 has a total call value of 2,162,250,000 versus a total put value of 73,954,500,000 Combined total value = 76,116,750,000
Strike 795 has a total call value of 2,382,375,000 versus a total put value of 65,922,375,000 Combined total value = 68,304,750,000
Strike 800 has a total call value of 2,620,125,000 versus a total put value of 57,984,000,000 Combined total value = 60,604,125,000
Strike 805 has a total call value of 3,353,625,000 versus a total put value of 51,733,125,000 Combined total value = 55,086,750,000
Strike 810 has a total call value of 4,090,500,000 versus a total put value of 45,571,125,000 Combined total value = 49,661,625,000
Strike 815 has a total call value of 4,881,750,000 versus a total put value of 39,664,125,000 Combined total value = 44,545,875,000
Strike 820 has a total call value of 5,686,875,000 versus a total put value of 33,840,000,000 Combined total value = 39,526,875,000
Strike 825 has a total call value of 6,666,375,000 versus a total put value of 28,622,625,000 Combined total value = 35,289,000,000
Strike 830 has a total call value of 7,701,000,000 versus a total put value of 23,521,875,000 Combined total value = 31,222,875,000
Strike 835 has a total call value of 9,075,375,000 versus a total put value of 19,168,500,000 Combined total value = 28,243,875,000
Strike 840 has a total call value of 10,632,750,000 versus a total put value of 14,952,000,000 Combined total value = 25,584,750,000
Strike 845 has a total call value of 13,605,000,000 versus a total put value of 11,776,500,000 Combined total value = 25,381,500,000
Strike 850 has a total call value of 17,216,250,000 versus a total put value of 8,890,875,000 Combined total value = 26,107,125,000
Strike 855 has a total call value of 23,930,250,000 versus a total put value of 7,290,375,000 Combined total value = 31,220,625,000
Strike 860 has a total call value of 30,961,500,000 versus a total put value of 5,842,500,000 Combined total value = 36,804,000,000
Strike 865 has a total call value of 39,935,625,000 versus a total put value of 4,909,875,000 Combined total value = 44,845,500,000
Strike 870 has a total call value of 49,189,875,000 versus a total put value of 4,056,000,000 Combined total value = 53,245,875,000
Strike 875 has a total call value of 59,559,375,000 versus a total put value of 3,395,250,000 Combined total value = 62,954,625,000
Strike 880 has a total call value of 70,157,250,000 versus a total put value of 2,769,750,000 Combined total value = 72,927,000,000
Strike 885 has a total call value of 82,209,000,000 versus a total put value of 2,284,125,000 Combined total value = 84,493,125,000
Strike 890 has a total call value of 94,749,750,000 versus a total put value of 1,819,125,000 Combined total value = 96,568,875,000
Strike 895 has a total call value of 107,770,500,000 versus a total put value of 1,408,500,000 Combined total value = 109,179,000,000
Strike 900 has a total call value of 120,891,000,000 versus a total put value of 1,018,500,000 Combined total value = 121,909,500,000
Strike 905 has a total call value of 137,191,875,000 versus a total put value of 897,375,000 Combined total value = 138,089,250,000
Strike 910 has a total call value of 153,648,750,000 versus a total put value of 776,250,000 Combined total value = 154,425,000,000
Strike 915 has a total call value of 170,486,625,000 versus a total put value of 681,000,000 Combined total value = 171,167,625,000
Strike 920 has a total call value of 187,400,250,000 versus a total put value of 585,750,000 Combined total value = 187,986,000,000
Strike 925 has a total call value of 204,974,250,000 versus a total put value of 490,500,000 Combined total value = 205,464,750,000
Strike 930 has a total call value of 222,638,250,000 versus a total put value of 395,250,000 Combined total value = 223,033,500,000
Strike 935 has a total call value of 240,634,125,000 versus a total put value of 304,125,000 Combined total value = 240,938,250,000
Strike 940 has a total call value of 258,688,125,000 versus a total put value of 213,000,000 Combined total value = 258,901,125,000
Strike 945 has a total call value of 277,099,500,000 versus a total put value of 121,875,000 Combined total value = 277,221,375,000
Strike 950 has a total call value of 295,564,125,000 versus a total put value of 30,750,000 Combined total value = 295,594,875,000
Strike 955 has a total call value of 314,749,875,000 versus a total put value of 15,375,000 Combined total value = 314,765,250,000
Strike 960 has a total call value of 333,935,625,000 versus a total put value of 0 Combined total value = 333,935,625,000
Strike 965 has a total call value of 353,303,625,000 versus a total put value of 0 Combined total value = 353,303,625,000
Strike 970 has a total call value of 372,671,625,000 versus a total put value of 0 Combined total value = 372,671,625,000
Strike 975 has a total call value of 392,194,875,000 versus a total put value of 0 Combined total value = 392,194,875,000
Strike 980 has a total call value of 411,807,000,000 versus a total put value of 0 Combined total value = 411,807,000,000
Strike 985 has a total call value of 431,567,250,000 versus a total put value of 0 Combined total value = 431,567,250,000
Strike 990 has a total call value of 451,334,625,000 versus a total put value of 0 Combined total value = 451,334,625,000
Strike 995 has a total call value of 471,161,250,000 versus a total put value of 0 Combined total value = 471,161,250,000
Strike 1000 has a total call value of 491,033,625,000 versus a total put value of 0 Combined total value = 491,033,625,000
Strike 1005 has a total call value of 511,614,750,000 versus a total put value of 0 Combined total value = 511,614,750,000
Strike 1010 has a total call value of 532,195,875,000 versus a total put value of 0 Combined total value = 532,195,875,000
Strike 1015 has a total call value of 552,837,000,000 versus a total put value of 0 Combined total value = 552,837,000,000
Strike 1020 has a total call value of 573,478,125,000 versus a total put value of 0 Combined total value = 573,478,125,000
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.