CDSL
Central Depo Ser (i) Ltd
Max pain for CDSL
14 Jan 2025 04:13 PM IST
Max Pain for CDSL is 1700
Strike 1320 has a total call value of 0 versus a total put value of 85,689,100,000 Combined total value = 85,689,100,000
Strike 1340 has a total call value of 0 versus a total put value of 80,486,000,000 Combined total value = 80,486,000,000
Strike 1360 has a total call value of 0 versus a total put value of 75,282,900,000 Combined total value = 75,282,900,000
Strike 1380 has a total call value of 0 versus a total put value of 70,080,500,000 Combined total value = 70,080,500,000
Strike 1400 has a total call value of 0 versus a total put value of 64,891,400,000 Combined total value = 64,891,400,000
Strike 1420 has a total call value of 0 versus a total put value of 59,950,800,000 Combined total value = 59,950,800,000
Strike 1440 has a total call value of 0 versus a total put value of 55,010,200,000 Combined total value = 55,010,200,000
Strike 1460 has a total call value of 0 versus a total put value of 50,177,400,000 Combined total value = 50,177,400,000
Strike 1480 has a total call value of 700,000 versus a total put value of 45,403,400,000 Combined total value = 45,404,100,000
Strike 1500 has a total call value of 3,500,000 versus a total put value of 40,862,500,000 Combined total value = 40,866,000,000
Strike 1520 has a total call value of 49,700,000 versus a total put value of 36,654,800,000 Combined total value = 36,704,500,000
Strike 1540 has a total call value of 129,500,000 versus a total put value of 32,606,000,000 Combined total value = 32,735,500,000
Strike 1560 has a total call value of 422,800,000 versus a total put value of 28,800,800,000 Combined total value = 29,223,600,000
Strike 1580 has a total call value of 907,200,000 versus a total put value of 25,145,400,000 Combined total value = 26,052,600,000
Strike 1600 has a total call value of 1,559,600,000 versus a total put value of 21,600,600,000 Combined total value = 23,160,200,000
Strike 1620 has a total call value of 2,741,900,000 versus a total put value of 18,659,200,000 Combined total value = 21,401,100,000
Strike 1640 has a total call value of 4,173,400,000 versus a total put value of 15,833,300,000 Combined total value = 20,006,700,000
Strike 1660 has a total call value of 5,846,400,000 versus a total put value of 13,181,700,000 Combined total value = 19,028,100,000
Strike 1680 has a total call value of 7,730,800,000 versus a total put value of 10,665,900,000 Combined total value = 18,396,700,000
Strike 1700 has a total call value of 9,851,800,000 versus a total put value of 8,313,200,000 Combined total value = 18,165,000,000
Strike 1720 has a total call value of 12,757,500,000 versus a total put value of 6,689,200,000 Combined total value = 19,446,700,000
Strike 1740 has a total call value of 15,929,900,000 versus a total put value of 5,178,600,000 Combined total value = 21,108,500,000
Strike 1760 has a total call value of 19,436,200,000 versus a total put value of 3,836,000,000 Combined total value = 23,272,200,000
Strike 1780 has a total call value of 23,265,200,000 versus a total put value of 2,716,000,000 Combined total value = 25,981,200,000
Strike 1800 has a total call value of 27,521,900,000 versus a total put value of 1,806,700,000 Combined total value = 29,328,600,000
Strike 1820 has a total call value of 33,678,400,000 versus a total put value of 1,246,700,000 Combined total value = 34,925,100,000
Strike 1840 has a total call value of 40,369,700,000 versus a total put value of 864,500,000 Combined total value = 41,234,200,000
Strike 1860 has a total call value of 47,516,000,000 versus a total put value of 566,300,000 Combined total value = 48,082,300,000
Strike 1880 has a total call value of 54,896,100,000 versus a total put value of 301,700,000 Combined total value = 55,197,800,000
Strike 1900 has a total call value of 62,562,500,000 versus a total put value of 70,000,000 Combined total value = 62,632,500,000
Strike 1920 has a total call value of 72,044,000,000 versus a total put value of 35,000,000 Combined total value = 72,079,000,000
Strike 1940 has a total call value of 81,676,700,000 versus a total put value of 0 Combined total value = 81,676,700,000
Strike 1960 has a total call value of 91,494,900,000 versus a total put value of 0 Combined total value = 91,494,900,000
Strike 1980 has a total call value of 101,593,800,000 versus a total put value of 0 Combined total value = 101,593,800,000
Strike 2000 has a total call value of 111,864,900,000 versus a total put value of 0 Combined total value = 111,864,900,000
Strike 2020 has a total call value of 123,398,800,000 versus a total put value of 0 Combined total value = 123,398,800,000
Strike 2040 has a total call value of 134,932,700,000 versus a total put value of 0 Combined total value = 134,932,700,000
Strike 2060 has a total call value of 146,519,800,000 versus a total put value of 0 Combined total value = 146,519,800,000
Strike 2080 has a total call value of 158,176,900,000 versus a total put value of 0 Combined total value = 158,176,900,000
Strike 2100 has a total call value of 169,836,100,000 versus a total put value of 0 Combined total value = 169,836,100,000
Strike 2120 has a total call value of 181,778,100,000 versus a total put value of 0 Combined total value = 181,778,100,000
Strike 2140 has a total call value of 193,720,100,000 versus a total put value of 0 Combined total value = 193,720,100,000
Strike 2160 has a total call value of 205,662,100,000 versus a total put value of 0 Combined total value = 205,662,100,000
Strike 2180 has a total call value of 217,632,100,000 versus a total put value of 0 Combined total value = 217,632,100,000
Strike 2200 has a total call value of 229,602,100,000 versus a total put value of 0 Combined total value = 229,602,100,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 409.35 | 420 |
| ABB | 6146.6 | 6600 |
| ABBOTINDIA | 28235.55 | 29000 |
| ABCAPITAL | 174.37 | 182.5 |
| ABFRL | 270.1 | 280 |
| ACC | 1946.25 | 2080 |
| ADANIENSOL | 771.3 | 780 |
| ADANIENT | 2380.55 | 2500 |
| ADANIGREEN | 1006.85 | 1000 |
| ADANIPORTS | 1117.1 | 1180 |
| ALKEM | 5264.8 | 5450 |
| AMBUJACEM | 515.35 | 550 |
| ANGELONE | 2370.55 | 2500 |
| APLAPOLLO | 1466.9 | 1520 |
| APOLLOHOSP | 6706.85 | 7050 |
| APOLLOTYRE | 452.8 | 470 |
| ASHOKLEY | 210.05 | 220 |
| ASIANPAINT | 2239.95 | 2300 |
| ASTRAL | 1493.5 | 1600 |
| ATGL | 669.8 | 670 |
| ATUL | 6736.9 | 6900 |
| AUBANK | 575.1 | 565 |
| AUROPHARMA | 1174.5 | 1220 |
| AXISBANK | 1051.65 | 1080 |
| BAJAJ-AUTO | 8611.2 | 8900 |
| BAJAJFINSV | 1713.5 | 1660 |
| BAJFINANCE | 7335 | 7200 |
| BALKRISIND | 2705.35 | 2800 |
| BANDHANBNK | 147.94 | 160 |
| BANKBARODA | 223.72 | 240 |
| BANKINDIA | 94.62 | 98 |
| BATAINDIA | 1343.55 | 1380 |
| BEL | 269.9 | 280 |
| BERGEPAINT | 462.45 | 460 |
| BHARATFORG | 1190.4 | 1260 |
| BHARTIARTL | 1600.1 | 1600 |
| BHEL | 197.1 | 220 |
| BIOCON | 387.65 | 375 |
| BOSCHLTD | 31621.7 | 33000 |
| BPCL | 270.2 | 280 |
| BRITANNIA | 4862.4 | 4850 |
| BSE | 5448.85 | 5300 |
| BSOFT | 532.9 | 560 |
| CAMS | 4219.6 | 4600 |
| CANBK | 93.22 | 98 |
| CANFINHOME | 670.8 | 700 |
| CDSL | 1572.5 | 1700 |
| CESC | 153.69 | 160 |
| CGPOWER | 640.15 | 670 |
| CHAMBLFERT | 475.05 | 490 |
| CHOLAFIN | 1270.7 | 1260 |
| CIPLA | 1447.75 | 1500 |
| COALINDIA | 369.25 | 385 |
| COFORGE | 8592.4 | 9000 |
| COLPAL | 2713.3 | 2780 |
| CONCOR | 761.75 | 780 |
| COROMANDEL | 1835.3 | 1880 |
| CROMPTON | 357.2 | 370 |
| CUB | 167.4 | 170 |
| CUMMINSIND | 2940.95 | 3150 |
| CYIENT | 1713.45 | 1720 |
| DABUR | 512.5 | 515 |
| DALBHARAT | 1729 | 1740 |
| DEEPAKNTR | 2340.85 | 2450 |
| DELHIVERY | 324 | 335 |
| DIVISLAB | 5990.3 | 5900 |
| DIXON | 16274.9 | 17000 |
| DLF | 723.25 | 770 |
| DMART | 3476.5 | 3700 |
| DRREDDY | 1337.55 | 1350 |
| EICHERMOT | 5029.55 | 5000 |
| ESCORTS | 3439 | 3300 |
| EXIDEIND | 382.25 | 410 |
| FEDERALBNK | 192.56 | 197.5 |
| GAIL | 175.96 | 190 |
| GLENMARK | 1515.95 | 1560 |
| GMRAIRPORT | 72.2 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 535.15 | 550 |
| GODREJCP | 1140.45 | 1140 |
| GODREJPROP | 2307.95 | 2500 |
| GRANULES | 583.75 | 590 |
| GRASIM | 2310.6 | 2480 |
| GUJGASLTD | 487.05 | 495 |
| HAL | 3828.35 | 4100 |
| HAVELLS | 1525 | 1600 |
| HCLTECH | 1813.55 | 1840 |
| HDFCAMC | 3865.05 | 3900 |
| HDFCBANK | 1646.6 | 1700 |
| HDFCLIFE | 600.45 | 620 |
| HEROMOTOCO | 4102.65 | 4200 |
| HFCL | 98.07 | 105 |
| HINDALCO | 590.9 | 600 |
| HINDCOPPER | 226.08 | 250 |
| HINDPETRO | 373.25 | 390 |
| HINDUNILVR | 2367.95 | 2400 |
| HUDCO | 214.29 | 220 |
| ICICIBANK | 1240.3 | 1270 |
| ICICIGI | 1831.2 | 1860 |
| ICICIPRULI | 642.15 | 660 |
| IDEA | 8.25 | 8 |
| IDFCFIRSTB | 61.94 | 63 |
| IEX | 166.83 | 177.5 |
| IGL | 411.25 | 410 |
| INDHOTEL | 781.4 | 800 |
| INDIAMART | 2254.7 | 2300 |
| INDIANB | 505.8 | 520 |
| INDIGO | 3995 | 4300 |
| INDUSINDBK | 962.1 | 980 |
| INDUSTOWER | 340.3 | 340 |
| INFY | 1940.05 | 1940 |
| IOC | 126.63 | 135 |
| IPCALAB | 1588.15 | 1640 |
| IRB | 51.27 | 55 |
| IRCTC | 757.75 | 790 |
| IRFC | 135.55 | 135 |
| ITC | 436.6 | 445 |
| JINDALSTEL | 909.9 | 940 |
| JIOFIN | 272.85 | 285 |
| JKCEMENT | 4388.55 | 4500 |
| JSL | 625.45 | 630 |
| JSWENERGY | 547.85 | 570 |
| JSWSTEEL | 906.05 | 920 |
| JUBLFOOD | 708.9 | 730 |
| KALYANKJIL | 596.4 | 640 |
| KEI | 4020.3 | 4200 |
| KOTAKBANK | 1750.6 | 1800 |
| KPITTECH | 1323.95 | 1400 |
| LALPATHLAB | 2803.05 | 2950 |
| LAURUSLABS | 568 | 590 |
| LICHSGFIN | 552.4 | 590 |
| LICI | 825.4 | 860 |
| LODHA | 1144.15 | 1260 |
| LT | 3462.6 | 3600 |
| LTF | 133.73 | 137.5 |
| LTIM | 5751.9 | 5800 |
| LTTS | 4706.55 | 4800 |
| LUPIN | 2154.6 | 2240 |
| M&M | 3049.5 | 3100 |
| M&MFIN | 266.8 | 270 |
| MANAPPURAM | 178.71 | 190 |
| MARICO | 661.1 | 660 |
| MARUTI | 11741.15 | 11600 |
| MAXHEALTH | 1084.9 | 1140 |
| MCX | 5694.05 | 6000 |
| METROPOLIS | 1872.05 | 2000 |
| MFSL | 1051.4 | 1100 |
| MGL | 1269.65 | 1280 |
| MOTHERSON | 145.58 | 155 |
| MPHASIS | 2780.25 | 2900 |
| MRF | 114213.4 | 118000 |
| MUTHOOTFIN | 2123.85 | 2140 |
| NATIONALUM | 199.51 | 210 |
| NAUKRI | 7457.75 | 8000 |
| NAVINFLUOR | 3631.85 | 3650 |
| NCC | 246.5 | 260 |
| NESTLEIND | 2219.05 | 2200 |
| NHPC | 76.39 | 78 |
| NMDC | 63.36 | 67 |
| NTPC | 310.4 | 320 |
| NYKAA | 164.93 | 167.5 |
| OBEROIRLTY | 1975.25 | 2120 |
| OFSS | 10747.1 | 11500 |
| OIL | 465.15 | 460 |
| ONGC | 260.37 | 257.5 |
| PAGEIND | 46471.5 | 47000 |
| PAYTM | 817.9 | 860 |
| PEL | 1026.05 | 1080 |
| PERSISTENT | 5880.1 | 6200 |
| PETRONET | 325.5 | 335 |
| PFC | 417.4 | 440 |
| PIDILITIND | 2808.95 | 2900 |
| PIIND | 3463.2 | 3600 |
| PNB | 98.41 | 102 |
| POLICYBZR | 1743.85 | 1850 |
| POLYCAB | 6474.7 | 6800 |
| POONAWALLA | 308.85 | 315 |
| POWERGRID | 290.25 | 305 |
| PRESTIGE | 1426.3 | 1550 |
| PVRINOX | 1086.25 | 1180 |
| RAMCOCEM | 884.1 | 930 |
| RBLBANK | 153.92 | 160 |
| RECLTD | 476.15 | 500 |
| RELIANCE | 1238.75 | 1250 |
| SAIL | 105.88 | 112.5 |
| SBICARD | 734.7 | 730 |
| SBILIFE | 1499.25 | 1440 |
| SBIN | 748.15 | 780 |
| SHREECEM | 25130.2 | 25750 |
| SHRIRAMFIN | 544.1 | 570 |
| SIEMENS | 5863.45 | 6200 |
| SJVN | 94.04 | 100 |
| SONACOMS | 569.9 | 580 |
| SRF | 2509.75 | 2560 |
| SUNPHARMA | 1770.85 | 1820 |
| SUNTV | 658 | 680 |
| SUPREMEIND | 4366.05 | 4500 |
| SYNGENE | 827.5 | 850 |
| TATACHEM | 965.5 | 1020 |
| TATACOMM | 1676.9 | 1740 |
| TATACONSUM | 963.15 | 950 |
| TATAELXSI | 6084.8 | 6200 |
| TATAMOTORS | 770.5 | 780 |
| TATAPOWER | 356.95 | 380 |
| TATASTEEL | 126.93 | 135 |
| TCS | 4233.05 | 4200 |
| TECHM | 1647.5 | 1680 |
| TIINDIA | 3321.3 | 3500 |
| TITAN | 3322.5 | 3400 |
| TORNTPHARM | 3252.4 | 3350 |
| TRENT | 6161.15 | 6700 |
| TVSMOTOR | 2235 | 2320 |
| UBL | 1965.3 | 1980 |
| ULTRACEMCO | 10483.75 | 11100 |
| UNIONBANK | 104.08 | 110 |
| UNITDSPR | 1407.25 | 1500 |
| UPL | 541.85 | 537.2 |
| VBL | 566.3 | 600 |
| VEDL | 430.6 | 450 |
| VOLTAS | 1637.65 | 1720 |
| WIPRO | 292.85 | 295 |
| YESBANK | 18.02 | 19 |
| ZOMATO | 233.6 | 250 |
| ZYDUSLIFE | 1000.15 | 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.
