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SBIN
STATE BANK OF INDIA

890.45 9.75 (1.11%)

Max pain for SBIN

18 Jul 2024 10:30 AM IST

Max Pain for SBIN is 860  



Strike  650  has a total call value of 0  versus a total put value of  607,910,625,000 Combined total value = 607,910,625,000

Strike  655  has a total call value of 0  versus a total put value of  591,330,375,000 Combined total value = 591,330,375,000

Strike  660  has a total call value of 0  versus a total put value of  574,750,125,000 Combined total value = 574,750,125,000

Strike  665  has a total call value of 0  versus a total put value of  558,169,875,000 Combined total value = 558,169,875,000

Strike  670  has a total call value of 0  versus a total put value of  541,589,625,000 Combined total value = 541,589,625,000

Strike  675  has a total call value of 0  versus a total put value of  525,009,375,000 Combined total value = 525,009,375,000

Strike  680  has a total call value of 0  versus a total put value of  508,429,125,000 Combined total value = 508,429,125,000

Strike  685  has a total call value of 0  versus a total put value of  491,848,875,000 Combined total value = 491,848,875,000

Strike  690  has a total call value of 0  versus a total put value of  475,268,625,000 Combined total value = 475,268,625,000

Strike  695  has a total call value of 0  versus a total put value of  458,688,375,000 Combined total value = 458,688,375,000

Strike  700  has a total call value of 0  versus a total put value of  442,108,125,000 Combined total value = 442,108,125,000

Strike  705  has a total call value of 59,625,000  versus a total put value of  425,893,875,000 Combined total value = 425,953,500,000

Strike  710  has a total call value of 119,250,000  versus a total put value of  409,679,625,000 Combined total value = 409,798,875,000

Strike  715  has a total call value of 178,875,000  versus a total put value of  393,478,500,000 Combined total value = 393,657,375,000

Strike  720  has a total call value of 238,500,000  versus a total put value of  377,277,375,000 Combined total value = 377,515,875,000

Strike  725  has a total call value of 302,625,000  versus a total put value of  361,160,625,000 Combined total value = 361,463,250,000

Strike  730  has a total call value of 366,750,000  versus a total put value of  345,043,875,000 Combined total value = 345,410,625,000

Strike  735  has a total call value of 430,875,000  versus a total put value of  328,927,125,000 Combined total value = 329,358,000,000

Strike  740  has a total call value of 495,000,000  versus a total put value of  312,810,375,000 Combined total value = 313,305,375,000

Strike  745  has a total call value of 559,125,000  versus a total put value of  296,864,625,000 Combined total value = 297,423,750,000

Strike  750  has a total call value of 623,250,000  versus a total put value of  280,918,875,000 Combined total value = 281,542,125,000

Strike  755  has a total call value of 720,375,000  versus a total put value of  265,393,125,000 Combined total value = 266,113,500,000

Strike  760  has a total call value of 817,500,000  versus a total put value of  249,867,375,000 Combined total value = 250,684,875,000

Strike  765  has a total call value of 914,625,000  versus a total put value of  234,478,500,000 Combined total value = 235,393,125,000

Strike  770  has a total call value of 1,011,750,000  versus a total put value of  219,089,625,000 Combined total value = 220,101,375,000

Strike  775  has a total call value of 1,108,875,000  versus a total put value of  203,850,750,000 Combined total value = 204,959,625,000

Strike  780  has a total call value of 1,206,000,000  versus a total put value of  188,697,000,000 Combined total value = 189,903,000,000

Strike  785  has a total call value of 1,353,750,000  versus a total put value of  174,007,500,000 Combined total value = 175,361,250,000

Strike  790  has a total call value of 1,501,500,000  versus a total put value of  159,413,625,000 Combined total value = 160,915,125,000

Strike  795  has a total call value of 1,649,250,000  versus a total put value of  145,080,375,000 Combined total value = 146,729,625,000

Strike  800  has a total call value of 1,797,000,000  versus a total put value of  130,852,125,000 Combined total value = 132,649,125,000

Strike  805  has a total call value of 2,250,000,000  versus a total put value of  118,364,625,000 Combined total value = 120,614,625,000

Strike  810  has a total call value of 2,717,625,000  versus a total put value of  105,993,375,000 Combined total value = 108,711,000,000

Strike  815  has a total call value of 3,236,250,000  versus a total put value of  94,096,125,000 Combined total value = 97,332,375,000

Strike  820  has a total call value of 3,775,125,000  versus a total put value of  82,369,125,000 Combined total value = 86,144,250,000

Strike  825  has a total call value of 4,582,875,000  versus a total put value of  71,407,500,000 Combined total value = 75,990,375,000

Strike  830  has a total call value of 5,390,625,000  versus a total put value of  60,700,875,000 Combined total value = 66,091,500,000

Strike  835  has a total call value of 6,928,500,000  versus a total put value of  51,111,375,000 Combined total value = 58,039,875,000

Strike  840  has a total call value of 8,593,875,000  versus a total put value of  41,770,125,000 Combined total value = 50,364,000,000

Strike  845  has a total call value of 10,725,000,000  versus a total put value of  34,173,375,000 Combined total value = 44,898,375,000

Strike  850  has a total call value of 13,006,875,000  versus a total put value of  26,890,125,000 Combined total value = 39,897,000,000

Strike  855  has a total call value of 16,211,250,000  versus a total put value of  21,595,500,000 Combined total value = 37,806,750,000

Strike  860  has a total call value of 19,627,125,000  versus a total put value of  16,645,125,000 Combined total value = 36,272,250,000

Strike  865  has a total call value of 24,032,625,000  versus a total put value of  12,881,625,000 Combined total value = 36,914,250,000

Strike  870  has a total call value of 28,643,250,000  versus a total put value of  9,484,500,000 Combined total value = 38,127,750,000

Strike  875  has a total call value of 34,022,250,000  versus a total put value of  6,831,750,000 Combined total value = 40,854,000,000

Strike  880  has a total call value of 39,679,125,000  versus a total put value of  4,575,375,000 Combined total value = 44,254,500,000

Strike  885  has a total call value of 47,005,125,000  versus a total put value of  3,312,750,000 Combined total value = 50,317,875,000

Strike  890  has a total call value of 54,975,000,000  versus a total put value of  2,307,750,000 Combined total value = 57,282,750,000

Strike  895  has a total call value of 64,169,250,000  versus a total put value of  1,644,000,000 Combined total value = 65,813,250,000

Strike  900  has a total call value of 73,760,625,000  versus a total put value of  1,054,875,000 Combined total value = 74,815,500,000

Strike  905  has a total call value of 86,995,875,000  versus a total put value of  860,625,000 Combined total value = 87,856,500,000

Strike  910  has a total call value of 100,477,875,000  versus a total put value of  683,625,000 Combined total value = 101,161,500,000

Strike  915  has a total call value of 114,943,500,000  versus a total put value of  531,000,000 Combined total value = 115,474,500,000

Strike  920  has a total call value of 129,603,375,000  versus a total put value of  384,750,000 Combined total value = 129,988,125,000

Strike  925  has a total call value of 145,288,875,000  versus a total put value of  303,750,000 Combined total value = 145,592,625,000

Strike  930  has a total call value of 161,110,125,000  versus a total put value of  228,000,000 Combined total value = 161,338,125,000

Strike  935  has a total call value of 177,599,625,000  versus a total put value of  158,625,000 Combined total value = 177,758,250,000

Strike  940  has a total call value of 194,186,625,000  versus a total put value of  90,750,000 Combined total value = 194,277,375,000

Strike  945  has a total call value of 211,368,750,000  versus a total put value of  45,375,000 Combined total value = 211,414,125,000

Strike  950  has a total call value of 228,651,750,000  versus a total put value of  0 Combined total value = 228,651,750,000

Strike  955  has a total call value of 246,835,125,000  versus a total put value of  0 Combined total value = 246,835,125,000

Strike  960  has a total call value of 265,072,500,000  versus a total put value of  0 Combined total value = 265,072,500,000

Strike  965  has a total call value of 283,710,000,000  versus a total put value of  0 Combined total value = 283,710,000,000

Strike  970  has a total call value of 302,406,375,000  versus a total put value of  0 Combined total value = 302,406,375,000

Strike  975  has a total call value of 321,392,625,000  versus a total put value of  0 Combined total value = 321,392,625,000

Strike  980  has a total call value of 340,496,250,000  versus a total put value of  0 Combined total value = 340,496,250,000

Strike  985  has a total call value of 359,807,250,000  versus a total put value of  0 Combined total value = 359,807,250,000

Strike  990  has a total call value of 379,167,375,000  versus a total put value of  0 Combined total value = 379,167,375,000

Strike  995  has a total call value of 398,620,500,000  versus a total put value of  0 Combined total value = 398,620,500,000

Strike  1000  has a total call value of 418,108,125,000  versus a total put value of  0 Combined total value = 418,108,125,000

Strike  1005  has a total call value of 438,436,500,000  versus a total put value of  0 Combined total value = 438,436,500,000

Strike  1010  has a total call value of 458,764,875,000  versus a total put value of  0 Combined total value = 458,764,875,000

Strike  1020  has a total call value of 499,586,625,000  versus a total put value of  0 Combined total value = 499,586,625,000

All Max-Pain Table

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.