SBIN
State Bank Of India
Max pain for SBIN
21 Nov 2024 04:10 PM IST
Max Pain for SBIN is 800
Strike 650 has a total call value of 0 versus a total put value of 431,582,250,000 Combined total value = 431,582,250,000
Strike 660 has a total call value of 0 versus a total put value of 399,414,750,000 Combined total value = 399,414,750,000
Strike 670 has a total call value of 0 versus a total put value of 367,738,500,000 Combined total value = 367,738,500,000
Strike 680 has a total call value of 0 versus a total put value of 336,062,250,000 Combined total value = 336,062,250,000
Strike 690 has a total call value of 750,000 versus a total put value of 304,800,000,000 Combined total value = 304,800,750,000
Strike 700 has a total call value of 1,500,000 versus a total put value of 273,771,750,000 Combined total value = 273,773,250,000
Strike 710 has a total call value of 54,000,000 versus a total put value of 244,188,750,000 Combined total value = 244,242,750,000
Strike 720 has a total call value of 108,750,000 versus a total put value of 215,127,750,000 Combined total value = 215,236,500,000
Strike 730 has a total call value of 168,750,000 versus a total put value of 187,041,000,000 Combined total value = 187,209,750,000
Strike 740 has a total call value of 256,500,000 versus a total put value of 159,984,750,000 Combined total value = 160,241,250,000
Strike 750 has a total call value of 588,000,000 versus a total put value of 134,354,250,000 Combined total value = 134,942,250,000
Strike 760 has a total call value of 1,407,750,000 versus a total put value of 111,513,750,000 Combined total value = 112,921,500,000
Strike 770 has a total call value of 2,779,500,000 versus a total put value of 91,039,500,000 Combined total value = 93,819,000,000
Strike 780 has a total call value of 6,011,250,000 versus a total put value of 72,899,250,000 Combined total value = 78,910,500,000
Strike 790 has a total call value of 12,604,500,000 versus a total put value of 57,480,000,000 Combined total value = 70,084,500,000
Strike 800 has a total call value of 21,784,500,000 versus a total put value of 43,203,000,000 Combined total value = 64,987,500,000
Strike 810 has a total call value of 36,822,000,000 versus a total put value of 32,313,750,000 Combined total value = 69,135,750,000
Strike 820 has a total call value of 57,350,250,000 versus a total put value of 23,487,000,000 Combined total value = 80,837,250,000
Strike 830 has a total call value of 84,696,750,000 versus a total put value of 16,740,000,000 Combined total value = 101,436,750,000
Strike 840 has a total call value of 118,432,500,000 versus a total put value of 11,015,250,000 Combined total value = 129,447,750,000
Strike 850 has a total call value of 158,142,750,000 versus a total put value of 6,877,500,000 Combined total value = 165,020,250,000
Strike 860 has a total call value of 209,311,500,000 versus a total put value of 4,364,250,000 Combined total value = 213,675,750,000
Strike 870 has a total call value of 269,670,000,000 versus a total put value of 2,709,000,000 Combined total value = 272,379,000,000
Strike 880 has a total call value of 337,046,250,000 versus a total put value of 1,691,250,000 Combined total value = 338,737,500,000
Strike 890 has a total call value of 407,684,250,000 versus a total put value of 1,093,500,000 Combined total value = 408,777,750,000
Strike 900 has a total call value of 479,561,250,000 versus a total put value of 495,750,000 Combined total value = 480,057,000,000
Strike 910 has a total call value of 558,589,500,000 versus a total put value of 366,000,000 Combined total value = 558,955,500,000
Strike 920 has a total call value of 638,647,500,000 versus a total put value of 236,250,000 Combined total value = 638,883,750,000
Strike 930 has a total call value of 720,163,500,000 versus a total put value of 157,500,000 Combined total value = 720,321,000,000
Strike 940 has a total call value of 802,375,500,000 versus a total put value of 78,750,000 Combined total value = 802,454,250,000
Strike 950 has a total call value of 885,687,750,000 versus a total put value of 0 Combined total value = 885,687,750,000
Strike 960 has a total call value of 969,693,000,000 versus a total put value of 0 Combined total value = 969,693,000,000
Strike 970 has a total call value of 1,054,291,500,000 versus a total put value of 0 Combined total value = 1,054,291,500,000
Strike 980 has a total call value of 1,138,890,000,000 versus a total put value of 0 Combined total value = 1,138,890,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 980 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
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.
