BANDHANBNK
Bandhan Bank Limited
Max pain for BANDHANBNK
07 Apr 2025 03:33 PM IST
Max Pain for BANDHANBNK is 150
Strike 115 has a total call value of 0 versus a total put value of 58,593,500,000 Combined total value = 58,593,500,000
Strike 117.5 has a total call value of 0 versus a total put value of 54,359,200,000 Combined total value = 54,359,200,000
Strike 120 has a total call value of 0 versus a total put value of 50,124,900,000 Combined total value = 50,124,900,000
Strike 122.5 has a total call value of 0 versus a total put value of 45,982,300,000 Combined total value = 45,982,300,000
Strike 125 has a total call value of 0 versus a total put value of 41,873,300,000 Combined total value = 41,873,300,000
Strike 127.5 has a total call value of 0 versus a total put value of 37,851,100,000 Combined total value = 37,851,100,000
Strike 130 has a total call value of 2,800,000 versus a total put value of 33,855,500,000 Combined total value = 33,858,300,000
Strike 132.5 has a total call value of 61,600,000 versus a total put value of 30,193,800,000 Combined total value = 30,255,400,000
Strike 135 has a total call value of 132,300,000 versus a total put value of 26,565,700,000 Combined total value = 26,698,000,000
Strike 137.5 has a total call value of 217,700,000 versus a total put value of 23,193,100,000 Combined total value = 23,410,800,000
Strike 140 has a total call value of 328,300,000 versus a total put value of 19,903,100,000 Combined total value = 20,231,400,000
Strike 142.5 has a total call value of 708,400,000 versus a total put value of 17,187,100,000 Combined total value = 17,895,500,000
Strike 145 has a total call value of 1,158,500,000 versus a total put value of 14,586,600,000 Combined total value = 15,745,100,000
Strike 147.5 has a total call value of 1,933,400,000 versus a total put value of 12,387,900,000 Combined total value = 14,321,300,000
Strike 150 has a total call value of 2,825,200,000 versus a total put value of 10,334,800,000 Combined total value = 13,160,000,000
Strike 152.5 has a total call value of 4,449,200,000 versus a total put value of 8,816,500,000 Combined total value = 13,265,700,000
Strike 155 has a total call value of 6,251,000,000 versus a total put value of 7,379,400,000 Combined total value = 13,630,400,000
Strike 157.5 has a total call value of 8,569,400,000 versus a total put value of 6,098,400,000 Combined total value = 14,667,800,000
Strike 160 has a total call value of 11,027,100,000 versus a total put value of 4,875,500,000 Combined total value = 15,902,600,000
Strike 162.5 has a total call value of 14,788,900,000 versus a total put value of 3,899,700,000 Combined total value = 18,688,600,000
Strike 165 has a total call value of 18,641,700,000 versus a total put value of 2,956,800,000 Combined total value = 21,598,500,000
Strike 167.5 has a total call value of 22,822,100,000 versus a total put value of 2,068,500,000 Combined total value = 24,890,600,000
Strike 170 has a total call value of 27,074,600,000 versus a total put value of 1,215,200,000 Combined total value = 28,289,800,000
Strike 172.5 has a total call value of 31,745,700,000 versus a total put value of 607,600,000 Combined total value = 32,353,300,000
Strike 175 has a total call value of 36,426,600,000 versus a total put value of 0 Combined total value = 36,426,600,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 355.1 | 390 |
| ABB | 4963.55 | 5300 |
| ABCAPITAL | 179.34 | 190 |
| ABFRL | 245.2 | 255 |
| ACC | 1929.1 | 1980 |
| ADANIENSOL | 815.05 | 840 |
| ADANIENT | 2212.7 | 2440 |
| ADANIGREEN | 873.3 | 940 |
| ADANIPORTS | 1110.65 | 1180 |
| ALKEM | 4700.5 | 4900 |
| AMBUJACEM | 525.2 | 540 |
| ANGELONE | 2130.45 | 2250 |
| APLAPOLLO | 1440 | 1500 |
| APOLLOHOSP | 6683.3 | 6650 |
| APOLLOTYRE | 397.45 | 420 |
| ASHOKLEY | 197.59 | 207.5 |
| ASIANPAINT | 2341.35 | 2340 |
| ASTRAL | 1287.7 | 1320 |
| ATGL | 569.7 | 600 |
| AUBANK | 541.7 | 550 |
| AUROPHARMA | 1094.05 | 1160 |
| AXISBANK | 1047.95 | 1060 |
| BAJAJ-AUTO | 7306.8 | 7800 |
| BAJAJFINSV | 1852.65 | 1920 |
| BAJFINANCE | 8568 | 8700 |
| BALKRISIND | 2273.2 | 2460 |
| BANDHANBNK | 144.96 | 150 |
| BANKBARODA | 229.36 | 235 |
| BANKINDIA | 105.77 | 110 |
| BEL | 272.1 | 285 |
| BERGEPAINT | 511.95 | 500 |
| BHARATFORG | 951.6 | 1040 |
| BHARTIARTL | 1686.65 | 1720 |
| BHEL | 207.7 | 215 |
| BIOCON | 307.5 | 335 |
| BOSCHLTD | 26588.25 | 27750 |
| BPCL | 273.7 | 280 |
| BRITANNIA | 5055.85 | 5000 |
| BSE | 5182.45 | 5200 |
| BSOFT | 347.1 | 380 |
| CAMS | 3528.85 | 3700 |
| CANBK | 87.1 | 90 |
| CDSL | 1143.8 | 1200 |
| CESC | 149.46 | 152.5 |
| CGPOWER | 540.5 | 580 |
| CHAMBLFERT | 612.8 | 610 |
| CHOLAFIN | 1386.1 | 1460 |
| CIPLA | 1384.7 | 1440 |
| COALINDIA | 377.5 | 400 |
| COFORGE | 6340.7 | 6900 |
| COLPAL | 2388.25 | 2400 |
| CONCOR | 649.25 | 700 |
| CROMPTON | 330.3 | 340 |
| CUMMINSIND | 2711.25 | 3000 |
| CYIENT | 1121.2 | 1200 |
| DABUR | 451.4 | 470 |
| DALBHARAT | 1786.25 | 1800 |
| DEEPAKNTR | 1823.7 | 1900 |
| DELHIVERY | 268.35 | 260 |
| DIVISLAB | 5258.95 | 5600 |
| DIXON | 12556.05 | 13500 |
| DLF | 608.05 | 660 |
| DMART | 4023.15 | 4050 |
| DRREDDY | 1087.9 | 1130 |
| EICHERMOT | 5065.25 | 5300 |
| ESCORTS | 3050.75 | 3200 |
| EXIDEIND | 353.4 | 370 |
| FEDERALBNK | 190.81 | 195 |
| GAIL | 169.03 | 180 |
| GLENMARK | 1442.2 | 1500 |
| GMRAIRPORT | 82.22 | 80 |
| GODREJCP | 1160.1 | 1160 |
| GODREJPROP | 1927.15 | 2050 |
| GOLDM | 88250 | 88000 |
| GRANULES | 436.9 | 490 |
| GRASIM | 2509.1 | 2580 |
| HAL | 4008.2 | 4200 |
| HAVELLS | 1456.1 | 1500 |
| HCLTECH | 1374.1 | 1480 |
| HDFCAMC | 3732.1 | 3900 |
| HDFCBANK | 1757.7 | 1800 |
| HDFCLIFE | 665.95 | 680 |
| HEROMOTOCO | 3526.9 | 3700 |
| HFCL | 74.34 | 80 |
| HINDALCO | 561.8 | 620 |
| HINDCOPPER | 188 | 215 |
| HINDPETRO | 352.8 | 360 |
| HINDUNILVR | 2249.4 | 2260 |
| HINDZINC | 406.75 | 430 |
| HUDCO | 194.89 | 200 |
| ICICIBANK | 1287.55 | 1320 |
| ICICIGI | 1744.4 | 1800 |
| ICICIPRULI | 536.9 | 560 |
| IDEA | 7.36 | 8 |
| IDFCFIRSTB | 56.49 | 58 |
| IEX | 173.8 | 180 |
| IGL | 187.82 | 195 |
| IIFL | 327.15 | 330 |
| INDHOTEL | 751.95 | 800 |
| INDIANB | 539.45 | 550 |
| INDIGO | 4988.7 | 5000 |
| INDUSINDBK | 675.9 | 700 |
| INDUSTOWER | 356 | 355 |
| INFY | 1396.75 | 1500 |
| INOXWIND | 140.88 | 150 |
| IOC | 128.09 | 130 |
| IRB | 43.19 | 45 |
| IRCTC | 697.4 | 720 |
| IREDA | 149.6 | 150 |
| IRFC | 122.42 | 125 |
| ITC | 406.05 | 410 |
| JINDALSTEL | 791.05 | 900 |
| JIOFIN | 213.52 | 230 |
| JSL | 516.65 | 580 |
| JSWENERGY | 488.4 | 520 |
| JSWSTEEL | 930.3 | 990 |
| JUBLFOOD | 669.65 | 680 |
| KALYANKJIL | 486.3 | 490 |
| KEI | 2509.75 | 2700 |
| KOTAKBANK | 2037.85 | 2100 |
| KPITTECH | 1065.3 | 1160 |
| LAURUSLABS | 561.25 | 590 |
| LICHSGFIN | 543.75 | 560 |
| LICI | 767.2 | 800 |
| LODHA | 1106.6 | 1140 |
| LT | 3068.5 | 3350 |
| LTF | 148.57 | 152.5 |
| LTIM | 4057.15 | 4300 |
| LUPIN | 1923.05 | 2000 |
| M&M | 2491.25 | 2700 |
| M&MFIN | 252.7 | 270 |
| MANAPPURAM | 225.6 | 230 |
| MARICO | 662.65 | 650 |
| MARUTI | 11329.75 | 11400 |
| MAXHEALTH | 1075.5 | 1120 |
| MCX | 4989.6 | 5300 |
| MFSL | 1128.45 | 1140 |
| MGL | 1305.25 | 1360 |
| MOTHERSON | 114.38 | 122.5 |
| MPHASIS | 2102.2 | 2220 |
| MRF | 110385.5 | 113000 |
| MUTHOOTFIN | 2254.3 | 2300 |
| NATIONALUM | 144.69 | 170 |
| NAUKRI | 6374.8 | 6700 |
| NBCC | 79.46 | 82.5 |
| NCC | 197.39 | 210 |
| NESTLEIND | 2249 | 2240 |
| NHPC | 82.58 | 84 |
| NMDC | 61.3 | 68 |
| NTPC | 349.8 | 355 |
| NYKAA | 171.3 | 175 |
| OBEROIRLTY | 1483.25 | 1600 |
| OFSS | 7294.15 | 7600 |
| OIL | 343.25 | 370 |
| ONGC | 219.84 | 235 |
| PAGEIND | 41304.45 | 42500 |
| PATANJALI | 1775.45 | 1800 |
| PAYTM | 790.55 | 800 |
| PEL | 954.8 | 960 |
| PERSISTENT | 4573.55 | 4800 |
| PETRONET | 275.85 | 290 |
| PFC | 395.05 | 420 |
| PHOENIXLTD | 1548.3 | 1600 |
| PIDILITIND | 2848.75 | 2860 |
| PIIND | 3242.05 | 3400 |
| PNB | 94.92 | 97 |
| PNBHOUSING | 923.65 | 900 |
| POLICYBZR | 1445.65 | 1540 |
| POLYCAB | 4934.6 | 5000 |
| POONAWALLA | 345.6 | 345 |
| POWERGRID | 289.4 | 295 |
| PRESTIGE | 1060.3 | 1150 |
| RAMCOCEM | 921.15 | 920 |
| RBLBANK | 169.76 | 175 |
| RECLTD | 384.35 | 420 |
| RELIANCE | 1165.7 | 1240 |
| SAIL | 104.63 | 115 |
| SBICARD | 812.05 | 850 |
| SBILIFE | 1460.8 | 1540 |
| SBIN | 746.9 | 780 |
| SHREECEM | 29751.55 | 30500 |
| SHRIRAMFIN | 614 | 640 |
| SIEMENS | 2812.45 | 3000 |
| SILVER | 89629 | 95000 |
| SJVN | 88.91 | 92 |
| SOLARINDS | 10645.25 | 11000 |
| SONACOMS | 406.6 | 440 |
| SRF | 2715.2 | 2860 |
| SUNPHARMA | 1666.35 | 1720 |
| SUPREMEIND | 3112.4 | 3300 |
| SYNGENE | 697.1 | 720 |
| TATACHEM | 800.5 | 850 |
| TATACOMM | 1549.85 | 1600 |
| TATACONSUM | 1047.35 | 1050 |
| TATAELXSI | 4808.3 | 5000 |
| TATAMOTORS | 579.75 | 630 |
| TATAPOWER | 354.85 | 385 |
| TATASTEEL | 129.48 | 145 |
| TATATECH | 608.4 | 650 |
| TCS | 3274.05 | 3450 |
| TECHM | 1288 | 1380 |
| TIINDIA | 2578.95 | 2700 |
| TITAGARH | 748.7 | 780 |
| TITAN | 3022.2 | 3100 |
| TORNTPHARM | 3233.55 | 3250 |
| TORNTPOWER | 1496.7 | 1500 |
| TRENT | 4740.95 | 5100 |
| TVSMOTOR | 2368.15 | 2440 |
| ULTRACEMCO | 11191.6 | 11300 |
| UNIONBANK | 117.93 | 122 |
| UNITDSPR | 1403.8 | 1400 |
| UPL | 614.45 | 640 |
| VBL | 519.6 | 530 |
| VEDL | 374.05 | 420 |
| VOLTAS | 1294.95 | 1360 |
| WIPRO | 242.9 | 255 |
| YESBANK | 16.85 | 17 |
| ZOMATO | 209.63 | 210 |
| ZYDUSLIFE | 837.6 | 880 |
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.
