SBIN
State Bank Of India
Max pain for SBIN
17 Oct 2024 04:10 PM IST
Max Pain for SBIN is 800
Strike 640 has a total call value of 0 versus a total put value of 456,976,500,000 Combined total value = 456,976,500,000
Strike 650 has a total call value of 0 versus a total put value of 424,896,750,000 Combined total value = 424,896,750,000
Strike 660 has a total call value of 0 versus a total put value of 392,817,000,000 Combined total value = 392,817,000,000
Strike 670 has a total call value of 0 versus a total put value of 360,975,750,000 Combined total value = 360,975,750,000
Strike 680 has a total call value of 0 versus a total put value of 329,277,000,000 Combined total value = 329,277,000,000
Strike 690 has a total call value of 0 versus a total put value of 297,805,500,000 Combined total value = 297,805,500,000
Strike 700 has a total call value of 0 versus a total put value of 266,578,500,000 Combined total value = 266,578,500,000
Strike 710 has a total call value of 140,250,000 versus a total put value of 236,919,000,000 Combined total value = 237,059,250,000
Strike 720 has a total call value of 297,750,000 versus a total put value of 207,495,750,000 Combined total value = 207,793,500,000
Strike 730 has a total call value of 455,250,000 versus a total put value of 178,765,500,000 Combined total value = 179,220,750,000
Strike 740 has a total call value of 612,750,000 versus a total put value of 150,603,000,000 Combined total value = 151,215,750,000
Strike 750 has a total call value of 874,500,000 versus a total put value of 123,432,750,000 Combined total value = 124,307,250,000
Strike 760 has a total call value of 1,473,750,000 versus a total put value of 99,005,250,000 Combined total value = 100,479,000,000
Strike 770 has a total call value of 2,355,000,000 versus a total put value of 76,139,250,000 Combined total value = 78,494,250,000
Strike 780 has a total call value of 3,560,250,000 versus a total put value of 55,891,500,000 Combined total value = 59,451,750,000
Strike 790 has a total call value of 5,962,500,000 versus a total put value of 39,015,750,000 Combined total value = 44,978,250,000
Strike 800 has a total call value of 9,751,500,000 versus a total put value of 24,477,000,000 Combined total value = 34,228,500,000
Strike 810 has a total call value of 19,095,000,000 versus a total put value of 15,304,500,000 Combined total value = 34,399,500,000
Strike 820 has a total call value of 33,531,750,000 versus a total put value of 9,882,000,000 Combined total value = 43,413,750,000
Strike 830 has a total call value of 54,869,250,000 versus a total put value of 6,902,250,000 Combined total value = 61,771,500,000
Strike 840 has a total call value of 79,897,500,000 versus a total put value of 4,628,250,000 Combined total value = 84,525,750,000
Strike 850 has a total call value of 107,979,750,000 versus a total put value of 3,009,750,000 Combined total value = 110,989,500,000
Strike 860 has a total call value of 140,064,000,000 versus a total put value of 2,113,500,000 Combined total value = 142,177,500,000
Strike 870 has a total call value of 174,259,500,000 versus a total put value of 1,476,000,000 Combined total value = 175,735,500,000
Strike 880 has a total call value of 210,005,250,000 versus a total put value of 939,000,000 Combined total value = 210,944,250,000
Strike 890 has a total call value of 247,250,250,000 versus a total put value of 551,250,000 Combined total value = 247,801,500,000
Strike 900 has a total call value of 285,281,250,000 versus a total put value of 190,500,000 Combined total value = 285,471,750,000
Strike 910 has a total call value of 333,177,750,000 versus a total put value of 129,750,000 Combined total value = 333,307,500,000
Strike 920 has a total call value of 381,074,250,000 versus a total put value of 69,000,000 Combined total value = 381,143,250,000
Strike 930 has a total call value of 429,644,250,000 versus a total put value of 34,500,000 Combined total value = 429,678,750,000
Strike 940 has a total call value of 478,214,250,000 versus a total put value of 0 Combined total value = 478,214,250,000
Strike 950 has a total call value of 527,182,500,000 versus a total put value of 0 Combined total value = 527,182,500,000
Strike 960 has a total call value of 576,150,750,000 versus a total put value of 0 Combined total value = 576,150,750,000
Strike 970 has a total call value of 625,119,000,000 versus a total put value of 0 Combined total value = 625,119,000,000
Strike 980 has a total call value of 674,087,250,000 versus a total put value of 0 Combined total value = 674,087,250,000
Strike 990 has a total call value of 723,055,500,000 versus a total put value of 0 Combined total value = 723,055,500,000
Strike 1000 has a total call value of 772,023,750,000 versus a total put value of 0 Combined total value = 772,023,750,000
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.