SBIN
State Bank Of India
Max pain for SBIN
06 Sep 2024 04:10 PM IST
Max Pain for SBIN is 800
Strike 670 has a total call value of 0 versus a total put value of 465,427,500,000 Combined total value = 465,427,500,000
Strike 680 has a total call value of 0 versus a total put value of 425,880,750,000 Combined total value = 425,880,750,000
Strike 690 has a total call value of 0 versus a total put value of 386,753,250,000 Combined total value = 386,753,250,000
Strike 700 has a total call value of 0 versus a total put value of 347,765,250,000 Combined total value = 347,765,250,000
Strike 710 has a total call value of 46,500,000 versus a total put value of 310,682,250,000 Combined total value = 310,728,750,000
Strike 720 has a total call value of 93,000,000 versus a total put value of 274,053,750,000 Combined total value = 274,146,750,000
Strike 730 has a total call value of 199,500,000 versus a total put value of 238,856,250,000 Combined total value = 239,055,750,000
Strike 740 has a total call value of 306,000,000 versus a total put value of 204,431,250,000 Combined total value = 204,737,250,000
Strike 750 has a total call value of 442,500,000 versus a total put value of 171,009,000,000 Combined total value = 171,451,500,000
Strike 760 has a total call value of 1,010,250,000 versus a total put value of 140,222,250,000 Combined total value = 141,232,500,000
Strike 770 has a total call value of 1,829,250,000 versus a total put value of 111,186,000,000 Combined total value = 113,015,250,000
Strike 780 has a total call value of 3,117,000,000 versus a total put value of 84,111,750,000 Combined total value = 87,228,750,000
Strike 790 has a total call value of 6,335,250,000 versus a total put value of 62,649,750,000 Combined total value = 68,985,000,000
Strike 800 has a total call value of 13,362,000,000 versus a total put value of 44,750,250,000 Combined total value = 58,112,250,000
Strike 810 has a total call value of 30,420,000,000 versus a total put value of 33,067,500,000 Combined total value = 63,487,500,000
Strike 820 has a total call value of 53,061,000,000 versus a total put value of 23,307,750,000 Combined total value = 76,368,750,000
Strike 830 has a total call value of 87,959,250,000 versus a total put value of 17,154,750,000 Combined total value = 105,114,000,000
Strike 840 has a total call value of 130,323,750,000 versus a total put value of 12,736,500,000 Combined total value = 143,060,250,000
Strike 850 has a total call value of 176,345,250,000 versus a total put value of 9,318,750,000 Combined total value = 185,664,000,000
Strike 860 has a total call value of 228,743,250,000 versus a total put value of 6,835,500,000 Combined total value = 235,578,750,000
Strike 870 has a total call value of 283,442,250,000 versus a total put value of 4,941,750,000 Combined total value = 288,384,000,000
Strike 880 has a total call value of 339,519,000,000 versus a total put value of 3,282,750,000 Combined total value = 342,801,750,000
Strike 890 has a total call value of 397,795,500,000 versus a total put value of 2,374,500,000 Combined total value = 400,170,000,000
Strike 900 has a total call value of 456,762,750,000 versus a total put value of 1,551,000,000 Combined total value = 458,313,750,000
Strike 910 has a total call value of 520,250,250,000 versus a total put value of 1,329,000,000 Combined total value = 521,579,250,000
Strike 920 has a total call value of 584,178,750,000 versus a total put value of 1,107,000,000 Combined total value = 585,285,750,000
Strike 930 has a total call value of 648,765,000,000 versus a total put value of 885,000,000 Combined total value = 649,650,000,000
Strike 940 has a total call value of 713,648,250,000 versus a total put value of 663,000,000 Combined total value = 714,311,250,000
Strike 950 has a total call value of 778,758,000,000 versus a total put value of 446,250,000 Combined total value = 779,204,250,000
Strike 960 has a total call value of 844,278,750,000 versus a total put value of 357,000,000 Combined total value = 844,635,750,000
Strike 970 has a total call value of 909,867,750,000 versus a total put value of 267,750,000 Combined total value = 910,135,500,000
Strike 980 has a total call value of 975,456,750,000 versus a total put value of 178,500,000 Combined total value = 975,635,250,000
Strike 990 has a total call value of 1,041,164,250,000 versus a total put value of 89,250,000 Combined total value = 1,041,253,500,000
Strike 1000 has a total call value of 1,106,871,750,000 versus a total put value of 0 Combined total value = 1,106,871,750,000
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.