SBIN
STATE BANK OF INDIA
Max pain for SBIN
19 Apr 2024 04:18 PM IST
Max Pain for SBIN is 755
Strike 600 has a total call value of 0 versus a total put value of 356,497,500,000 Combined total value = 356,497,500,000
Strike 605 has a total call value of 0 versus a total put value of 343,147,500,000 Combined total value = 343,147,500,000
Strike 610 has a total call value of 0 versus a total put value of 329,797,500,000 Combined total value = 329,797,500,000
Strike 615 has a total call value of 0 versus a total put value of 316,447,500,000 Combined total value = 316,447,500,000
Strike 620 has a total call value of 0 versus a total put value of 303,097,500,000 Combined total value = 303,097,500,000
Strike 625 has a total call value of 57,000,000 versus a total put value of 289,806,000,000 Combined total value = 289,863,000,000
Strike 630 has a total call value of 114,000,000 versus a total put value of 276,514,500,000 Combined total value = 276,628,500,000
Strike 635 has a total call value of 171,000,000 versus a total put value of 263,271,000,000 Combined total value = 263,442,000,000
Strike 640 has a total call value of 228,000,000 versus a total put value of 250,027,500,000 Combined total value = 250,255,500,000
Strike 645 has a total call value of 308,250,000 versus a total put value of 236,865,750,000 Combined total value = 237,174,000,000
Strike 650 has a total call value of 388,500,000 versus a total put value of 223,704,000,000 Combined total value = 224,092,500,000
Strike 655 has a total call value of 502,500,000 versus a total put value of 210,933,750,000 Combined total value = 211,436,250,000
Strike 660 has a total call value of 616,500,000 versus a total put value of 198,163,500,000 Combined total value = 198,780,000,000
Strike 665 has a total call value of 735,000,000 versus a total put value of 185,506,500,000 Combined total value = 186,241,500,000
Strike 670 has a total call value of 853,500,000 versus a total put value of 172,859,250,000 Combined total value = 173,712,750,000
Strike 675 has a total call value of 985,500,000 versus a total put value of 160,386,000,000 Combined total value = 161,371,500,000
Strike 680 has a total call value of 1,117,500,000 versus a total put value of 147,947,250,000 Combined total value = 149,064,750,000
Strike 685 has a total call value of 1,267,500,000 versus a total put value of 135,876,750,000 Combined total value = 137,144,250,000
Strike 690 has a total call value of 1,417,500,000 versus a total put value of 123,872,250,000 Combined total value = 125,289,750,000
Strike 695 has a total call value of 1,567,500,000 versus a total put value of 112,108,500,000 Combined total value = 113,676,000,000
Strike 700 has a total call value of 1,717,500,000 versus a total put value of 100,457,250,000 Combined total value = 102,174,750,000
Strike 705 has a total call value of 2,081,250,000 versus a total put value of 90,071,250,000 Combined total value = 92,152,500,000
Strike 710 has a total call value of 2,451,750,000 versus a total put value of 79,803,750,000 Combined total value = 82,255,500,000
Strike 715 has a total call value of 2,841,000,000 versus a total put value of 70,025,250,000 Combined total value = 72,866,250,000
Strike 720 has a total call value of 3,242,250,000 versus a total put value of 60,387,750,000 Combined total value = 63,630,000,000
Strike 725 has a total call value of 3,840,750,000 versus a total put value of 51,805,500,000 Combined total value = 55,646,250,000
Strike 730 has a total call value of 4,462,500,000 versus a total put value of 43,525,500,000 Combined total value = 47,988,000,000
Strike 735 has a total call value of 5,279,250,000 versus a total put value of 36,306,750,000 Combined total value = 41,586,000,000
Strike 740 has a total call value of 6,192,000,000 versus a total put value of 29,444,250,000 Combined total value = 35,636,250,000
Strike 745 has a total call value of 7,684,500,000 versus a total put value of 24,000,750,000 Combined total value = 31,685,250,000
Strike 750 has a total call value of 9,404,250,000 versus a total put value of 18,812,250,000 Combined total value = 28,216,500,000
Strike 755 has a total call value of 12,621,750,000 versus a total put value of 15,288,750,000 Combined total value = 27,910,500,000
Strike 760 has a total call value of 16,546,500,000 versus a total put value of 11,956,500,000 Combined total value = 28,503,000,000
Strike 765 has a total call value of 22,774,500,000 versus a total put value of 9,726,750,000 Combined total value = 32,501,250,000
Strike 770 has a total call value of 29,875,500,000 versus a total put value of 7,744,500,000 Combined total value = 37,620,000,000
Strike 775 has a total call value of 39,035,250,000 versus a total put value of 6,331,500,000 Combined total value = 45,366,750,000
Strike 780 has a total call value of 49,590,000,000 versus a total put value of 5,076,000,000 Combined total value = 54,666,000,000
Strike 785 has a total call value of 62,720,250,000 versus a total put value of 4,204,500,000 Combined total value = 66,924,750,000
Strike 790 has a total call value of 76,426,500,000 versus a total put value of 3,393,000,000 Combined total value = 79,819,500,000
Strike 795 has a total call value of 91,899,750,000 versus a total put value of 2,789,250,000 Combined total value = 94,689,000,000
Strike 800 has a total call value of 107,681,250,000 versus a total put value of 2,208,750,000 Combined total value = 109,890,000,000
Strike 805 has a total call value of 127,502,250,000 versus a total put value of 2,020,500,000 Combined total value = 129,522,750,000
Strike 810 has a total call value of 147,648,750,000 versus a total put value of 1,845,000,000 Combined total value = 149,493,750,000
Strike 815 has a total call value of 168,546,000,000 versus a total put value of 1,669,500,000 Combined total value = 170,215,500,000
Strike 820 has a total call value of 189,625,500,000 versus a total put value of 1,494,000,000 Combined total value = 191,119,500,000
Strike 825 has a total call value of 211,367,250,000 versus a total put value of 1,318,500,000 Combined total value = 212,685,750,000
Strike 830 has a total call value of 233,214,000,000 versus a total put value of 1,143,000,000 Combined total value = 234,357,000,000
Strike 835 has a total call value of 255,420,750,000 versus a total put value of 967,500,000 Combined total value = 256,388,250,000
Strike 840 has a total call value of 277,684,500,000 versus a total put value of 792,000,000 Combined total value = 278,476,500,000
Strike 845 has a total call value of 300,210,000,000 versus a total put value of 616,500,000 Combined total value = 300,826,500,000
Strike 850 has a total call value of 322,908,750,000 versus a total put value of 441,000,000 Combined total value = 323,349,750,000
Strike 855 has a total call value of 346,650,750,000 versus a total put value of 367,500,000 Combined total value = 347,018,250,000
Strike 860 has a total call value of 370,392,750,000 versus a total put value of 294,000,000 Combined total value = 370,686,750,000
Strike 865 has a total call value of 394,374,750,000 versus a total put value of 220,500,000 Combined total value = 394,595,250,000
Strike 870 has a total call value of 418,356,750,000 versus a total put value of 147,000,000 Combined total value = 418,503,750,000
Strike 875 has a total call value of 442,544,250,000 versus a total put value of 73,500,000 Combined total value = 442,617,750,000
Strike 880 has a total call value of 466,731,750,000 versus a total put value of 0 Combined total value = 466,731,750,000
Strike 885 has a total call value of 491,196,750,000 versus a total put value of 0 Combined total value = 491,196,750,000
Strike 890 has a total call value of 515,661,750,000 versus a total put value of 0 Combined total value = 515,661,750,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.