SBIN
State Bank Of India
Max pain for SBIN
25 Oct 2025 03:50 PM IST
Max Pain for SBIN is 885
Strike 700 has a total call value of 0 versus a total put value of 516,715,875,000 Combined total value = 516,715,875,000
Strike 705 has a total call value of 24,000,000 versus a total put value of 501,396,375,000 Combined total value = 501,420,375,000
Strike 710 has a total call value of 48,000,000 versus a total put value of 486,076,875,000 Combined total value = 486,124,875,000
Strike 715 has a total call value of 72,000,000 versus a total put value of 470,757,375,000 Combined total value = 470,829,375,000
Strike 720 has a total call value of 96,000,000 versus a total put value of 455,437,875,000 Combined total value = 455,533,875,000
Strike 725 has a total call value of 120,000,000 versus a total put value of 440,118,375,000 Combined total value = 440,238,375,000
Strike 730 has a total call value of 144,000,000 versus a total put value of 424,798,875,000 Combined total value = 424,942,875,000
Strike 735 has a total call value of 168,000,000 versus a total put value of 409,479,375,000 Combined total value = 409,647,375,000
Strike 740 has a total call value of 192,000,000 versus a total put value of 394,159,875,000 Combined total value = 394,351,875,000
Strike 745 has a total call value of 220,500,000 versus a total put value of 378,902,625,000 Combined total value = 379,123,125,000
Strike 750 has a total call value of 249,000,000 versus a total put value of 363,645,375,000 Combined total value = 363,894,375,000
Strike 755 has a total call value of 316,125,000 versus a total put value of 348,444,000,000 Combined total value = 348,760,125,000
Strike 760 has a total call value of 383,250,000 versus a total put value of 333,242,625,000 Combined total value = 333,625,875,000
Strike 765 has a total call value of 465,375,000 versus a total put value of 318,151,500,000 Combined total value = 318,616,875,000
Strike 770 has a total call value of 547,500,000 versus a total put value of 303,060,375,000 Combined total value = 303,607,875,000
Strike 775 has a total call value of 636,375,000 versus a total put value of 288,112,875,000 Combined total value = 288,749,250,000
Strike 780 has a total call value of 725,250,000 versus a total put value of 273,165,375,000 Combined total value = 273,890,625,000
Strike 785 has a total call value of 834,000,000 versus a total put value of 258,347,625,000 Combined total value = 259,181,625,000
Strike 790 has a total call value of 942,750,000 versus a total put value of 243,529,875,000 Combined total value = 244,472,625,000
Strike 795 has a total call value of 1,062,750,000 versus a total put value of 228,781,875,000 Combined total value = 229,844,625,000
Strike 800 has a total call value of 1,182,750,000 versus a total put value of 214,033,875,000 Combined total value = 215,216,625,000
Strike 805 has a total call value of 1,543,500,000 versus a total put value of 200,041,875,000 Combined total value = 201,585,375,000
Strike 810 has a total call value of 1,904,250,000 versus a total put value of 186,060,750,000 Combined total value = 187,965,000,000
Strike 815 has a total call value of 2,345,625,000 versus a total put value of 172,301,625,000 Combined total value = 174,647,250,000
Strike 820 has a total call value of 2,787,000,000 versus a total put value of 158,596,125,000 Combined total value = 161,383,125,000
Strike 825 has a total call value of 3,313,125,000 versus a total put value of 145,456,500,000 Combined total value = 148,769,625,000
Strike 830 has a total call value of 3,839,250,000 versus a total put value of 132,425,250,000 Combined total value = 136,264,500,000
Strike 835 has a total call value of 4,514,250,000 versus a total put value of 119,845,875,000 Combined total value = 124,360,125,000
Strike 840 has a total call value of 5,189,250,000 versus a total put value of 107,322,375,000 Combined total value = 112,511,625,000
Strike 845 has a total call value of 5,938,500,000 versus a total put value of 95,628,375,000 Combined total value = 101,566,875,000
Strike 850 has a total call value of 6,687,750,000 versus a total put value of 84,012,375,000 Combined total value = 90,700,125,000
Strike 855 has a total call value of 7,522,875,000 versus a total put value of 73,146,750,000 Combined total value = 80,669,625,000
Strike 860 has a total call value of 8,436,750,000 versus a total put value of 62,417,250,000 Combined total value = 70,854,000,000
Strike 865 has a total call value of 9,612,375,000 versus a total put value of 52,498,500,000 Combined total value = 62,110,875,000
Strike 870 has a total call value of 11,034,750,000 versus a total put value of 42,892,500,000 Combined total value = 53,927,250,000
Strike 875 has a total call value of 13,089,750,000 versus a total put value of 34,256,250,000 Combined total value = 47,346,000,000
Strike 880 has a total call value of 15,408,375,000 versus a total put value of 25,972,875,000 Combined total value = 41,381,250,000
Strike 885 has a total call value of 20,111,250,000 versus a total put value of 19,464,375,000 Combined total value = 39,575,625,000
Strike 890 has a total call value of 26,078,250,000 versus a total put value of 13,573,500,000 Combined total value = 39,651,750,000
Strike 895 has a total call value of 34,069,500,000 versus a total put value of 9,517,125,000 Combined total value = 43,586,625,000
Strike 900 has a total call value of 43,245,000,000 versus a total put value of 6,028,500,000 Combined total value = 49,273,500,000
Strike 905 has a total call value of 54,084,750,000 versus a total put value of 4,124,250,000 Combined total value = 58,209,000,000
Strike 910 has a total call value of 65,570,625,000 versus a total put value of 2,610,750,000 Combined total value = 68,181,375,000
Strike 915 has a total call value of 78,144,000,000 versus a total put value of 1,613,250,000 Combined total value = 79,757,250,000
Strike 920 has a total call value of 91,539,000,000 versus a total put value of 880,125,000 Combined total value = 92,419,125,000
Strike 925 has a total call value of 107,183,625,000 versus a total put value of 655,500,000 Combined total value = 107,839,125,000
Strike 930 has a total call value of 123,141,375,000 versus a total put value of 479,625,000 Combined total value = 123,621,000,000
Strike 935 has a total call value of 139,746,375,000 versus a total put value of 366,750,000 Combined total value = 140,113,125,000
Strike 940 has a total call value of 156,579,375,000 versus a total put value of 275,625,000 Combined total value = 156,855,000,000
Strike 945 has a total call value of 173,889,000,000 versus a total put value of 198,750,000 Combined total value = 174,087,750,000
Strike 950 has a total call value of 191,246,625,000 versus a total put value of 130,500,000 Combined total value = 191,377,125,000
Strike 955 has a total call value of 209,324,250,000 versus a total put value of 111,000,000 Combined total value = 209,435,250,000
Strike 960 has a total call value of 227,404,125,000 versus a total put value of 91,500,000 Combined total value = 227,495,625,000
Strike 965 has a total call value of 246,174,750,000 versus a total put value of 72,000,000 Combined total value = 246,246,750,000
Strike 970 has a total call value of 264,945,375,000 versus a total put value of 52,500,000 Combined total value = 264,997,875,000
Strike 975 has a total call value of 283,911,375,000 versus a total put value of 33,000,000 Combined total value = 283,944,375,000
Strike 980 has a total call value of 302,877,375,000 versus a total put value of 13,500,000 Combined total value = 302,890,875,000
Strike 985 has a total call value of 322,053,000,000 versus a total put value of 10,125,000 Combined total value = 322,063,125,000
Strike 990 has a total call value of 341,228,625,000 versus a total put value of 6,750,000 Combined total value = 341,235,375,000
Strike 995 has a total call value of 360,454,125,000 versus a total put value of 3,375,000 Combined total value = 360,457,500,000
Strike 1000 has a total call value of 379,679,625,000 versus a total put value of 0 Combined total value = 379,679,625,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1001.8 | 1140 |
| ABB | 5173.4 | 5200 |
| ABCAPITAL | 278.9 | 300 |
| ADANIENSOL | 879.2 | 930 |
| ADANIENT | 2543.7 | 2560 |
| ADANIGREEN | 1047.4 | 1060 |
| ADANIPORTS | 1392 | 1440 |
| ALKEM | 5433 | 5550 |
| AMBER | 8162.5 | 8200 |
| AMBUJACEM | 565.2 | 580 |
| ANGELONE | 2136.4 | 2400 |
| APLAPOLLO | 1660.1 | 1720 |
| APOLLOHOSP | 7510 | 7800 |
| ASHOKLEY | 141.93 | 137.5 |
| ASIANPAINT | 2342.8 | 2440 |
| ASTRAL | 1373.8 | 1440 |
| AUBANK | 743.2 | 840 |
| AUROPHARMA | 1090 | 1100 |
| AXISBANK | 1154 | 1190 |
| BAJAJ-AUTO | 8702 | 9000 |
| BAJAJFINSV | 2003.2 | 2080 |
| BAJFINANCE | 985.1 | 1050 |
| BANDHANBNK | 155.02 | 165 |
| BANKBARODA | 248.45 | 260 |
| BANKINDIA | 116.33 | 130 |
| BDL | 1497.8 | 1550 |
| BEL | 395.9 | 410 |
| BHARATFORG | 1181.1 | 1260 |
| BHARTIARTL | 1916.6 | 1960 |
| BHEL | 231.01 | 237.5 |
| BIOCON | 338.9 | 360 |
| BLUESTARCO | 1890.1 | 1960 |
| BOSCHLTD | 38150 | 39000 |
| BPCL | 324.35 | 335 |
| BRITANNIA | 5920.5 | 6000 |
| BSE | 2043.2 | 2400 |
| CAMS | 3800 | 3900 |
| CANBK | 118.08 | 125 |
| CDSL | 1467.7 | 1580 |
| CGPOWER | 739.4 | 750 |
| CHOLAFIN | 1569.9 | 1660 |
| CIPLA | 1499.4 | 1590 |
| COALINDIA | 389.15 | 390 |
| COFORGE | 1538.5 | 1700 |
| COLPAL | 2224.3 | 2260 |
| CONCOR | 524.8 | 540 |
| CROMPTON | 292.6 | 300 |
| CUMMINSIND | 3947.6 | 4100 |
| CYIENT | 1134.1 | 1180 |
| DABUR | 499.75 | 500 |
| DALBHARAT | 2215.4 | 2140 |
| DELHIVERY | 445.7 | 465 |
| DIVISLAB | 5689.5 | 6400 |
| DIXON | 17511 | 16000 |
| DLF | 716.05 | 760 |
| DMART | 4517.8 | 4300 |
| DRREDDY | 1253.1 | 1270 |
| EICHERMOT | 7047 | 6900 |
| ETERNAL | 321 | 330 |
| EXIDEIND | 388.8 | 400 |
| FEDERALBNK | 191.82 | 220 |
| FORTIS | 932.75 | 1040 |
| GAIL | 172.02 | 180 |
| GLENMARK | 1971.7 | 1900 |
| GMRAIRPORT | 87.28 | 91 |
| GODREJCP | 1163.9 | 1140 |
| GODREJPROP | 1957.6 | 2200 |
| GRASIM | 2746.8 | 2820 |
| HAL | 4736.1 | 4800 |
| HAVELLS | 1507.4 | 1500 |
| HCLTECH | 1395.3 | 1500 |
| HDFCAMC | 5621 | 5650 |
| HDFCBANK | 945.05 | 990 |
| HDFCLIFE | 764.4 | 750 |
| HEROMOTOCO | 5328 | 5550 |
| HFCL | 72.1 | 75 |
| HINDALCO | 743.85 | 800 |
| HINDPETRO | 422.25 | 440 |
| HINDUNILVR | 2511.8 | 2540 |
| HINDZINC | 449.1 | 490 |
| HUDCO | 220.05 | 230 |
| ICICIBANK | 1359.6 | 1390 |
| ICICIGI | 1894 | 1960 |
| ICICIPRULI | 585.5 | 600 |
| IDEA | 8.02 | 9 |
| IDFCFIRSTB | 68.59 | 75 |
| IEX | 137.76 | 142.5 |
| IGL | 202.26 | 215 |
| IIFL | 419.35 | 480 |
| INDHOTEL | 709.8 | 740 |
| INDIANB | 706.35 | 800 |
| INDIGO | 5561 | 5750 |
| INDUSINDBK | 712.75 | 750 |
| INDUSTOWER | 346.3 | 355 |
| INFY | 1448.9 | 1480 |
| INOXWIND | 137.46 | 150 |
| IOC | 145.04 | 152 |
| IRCTC | 703.1 | 720 |
| IREDA | 146.28 | 155 |
| IRFC | 121.91 | 125 |
| ITC | 405.1 | 410 |
| JINDALSTEL | 1029.5 | 1030 |
| JIOFIN | 295.85 | 310 |
| JSWENERGY | 520.1 | 530 |
| JSWSTEEL | 1130.8 | 1150 |
| JUBLFOOD | 606.9 | 600 |
| KALYANKJIL | 455.8 | 490 |
| KAYNES | 7341 | 7000 |
| KEI | 4049.3 | 4200 |
| KFINTECH | 1070.8 | 1140 |
| KOTAKBANK | 1994.8 | 2140 |
| KPITTECH | 1212.8 | 1180 |
| LAURUSLABS | 832.3 | 900 |
| LICHSGFIN | 564.95 | 580 |
| LICI | 872.45 | 900 |
| LODHA | 1141.1 | 1160 |
| LT | 3729.5 | 3800 |
| LTF | 236.29 | 262.5 |
| LTIM | 5075 | 5550 |
| LUPIN | 1919.8 | 1960 |
| M&M | 3396.5 | 3550 |
| MANAPPURAM | 276.9 | 285 |
| MANKIND | 2482.9 | 2450 |
| MARICO | 698.35 | 720 |
| MARUTI | 16286 | 16100 |
| MAXHEALTH | 1123.4 | 1180 |
| MAZDOCK | 2827.6 | 2850 |
| MCX | 7920.5 | 9000 |
| MFSL | 1545.6 | 1560 |
| MOTHERSON | 105.66 | 106 |
| MPHASIS | 2642.4 | 2800 |
| MUTHOOTFIN | 3020.3 | 3200 |
| NATIONALUM | 200.58 | 230 |
| NAUKRI | 1316.2 | 1380 |
| NBCC | 105.18 | 111 |
| NCC | 202.51 | 210 |
| NESTLEIND | 1162.6 | 1230 |
| NHPC | 83.64 | 86 |
| NMDC | 74.99 | 76 |
| NTPC | 337.9 | 340 |
| NUVAMA | 6115 | 7000 |
| NYKAA | 230.62 | 255 |
| OBEROIRLTY | 1577.7 | 1660 |
| OFSS | 8515 | 8700 |
| OIL | 410.25 | 420 |
| ONGC | 238.02 | 250 |
| PAGEIND | 41240 | 41500 |
| PATANJALI | 589 | 590 |
| PAYTM | 1125.2 | 1260 |
| PERSISTENT | 4951 | 5600 |
| PETRONET | 266.9 | 285 |
| PFC | 397.3 | 410 |
| PGEL | 514.65 | 560 |
| PHOENIXLTD | 1540.4 | 1660 |
| PIDILITIND | 1474.8 | 1510 |
| PIIND | 3487.6 | 3600 |
| PNB | 107.79 | 117 |
| PNBHOUSING | 864.1 | 890 |
| POLICYBZR | 1677.1 | 1700 |
| POLYCAB | 7322.5 | 7500 |
| POWERGRID | 282.25 | 290 |
| POWERINDIA | 0 | 17250 |
| PPLPHARMA | 187.73 | 200 |
| PRESTIGE | 1507.4 | 1680 |
| RBLBANK | 272.35 | 295 |
| RECLTD | 367.4 | 380 |
| RELIANCE | 1377.6 | 1420 |
| RVNL | 337.8 | 340 |
| SAIL | 131.02 | 132 |
| SAMMAANCAP | 137.82 | 170 |
| SBICARD | 873.85 | 920 |
| SBILIFE | 1798.8 | 1800 |
| SBIN | 856.95 | 885 |
| SHREECEM | 28910 | 29000 |
| SHRIRAMFIN | 606.05 | 680 |
| SIEMENS | 3096.3 | 3150 |
| SILVER | 0 | 150000 |
| SILVERM | 142014 | 150000 |
| SOLARINDS | 13766 | 14000 |
| SONACOMS | 407.1 | 460 |
| SRF | 2806.9 | 3100 |
| SUNPHARMA | 1586.7 | 1680 |
| SUPREMEIND | 4234.2 | 4150 |
| SUZLON | 55.28 | 55 |
| SYNGENE | 609.45 | 640 |
| TATACONSUM | 1119 | 1150 |
| TATAELXSI | 5303 | 5400 |
| TATAMOTORS | 672.9 | 360 |
| TATAPOWER | 383.8 | 400 |
| TATASTEEL | 167.4 | 175 |
| TATATECH | 667.3 | 700 |
| TCS | 2899.1 | 3020 |
| TECHM | 1407.7 | 1460 |
| TIINDIA | 3129.1 | 3200 |
| TITAGARH | 879.25 | 900 |
| TITAN | 3327.3 | 3600 |
| TMPV | 0 | 400 |
| TORNTPHARM | 3561 | 3550 |
| TORNTPOWER | 1233.3 | 1300 |
| TRENT | 4679 | 4800 |
| TVSMOTOR | 3414.4 | 3550 |
| ULTRACEMCO | 12070 | 12200 |
| UNIONBANK | 134.08 | 140 |
| UNITDSPR | 1297.4 | 1350 |
| UNOMINDA | 1268.9 | 1240 |
| UPL | 648 | 680 |
| VBL | 444.75 | 460 |
| VEDL | 447.95 | 480 |
| VOLTAS | 1340.2 | 1400 |
| WIPRO | 235.75 | 245 |
| YESBANK | 20.97 | 23 |
| ZYDUSLIFE | 975 | 1000 |
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.
