CDSL
Central Depo Ser (I) Ltd
Max pain for CDSL
21 Mar 2025 04:13 PM IST
Max Pain for CDSL is 1160
Strike 880 has a total call value of 0 versus a total put value of 98,385,700,000 Combined total value = 98,385,700,000
Strike 900 has a total call value of 0 versus a total put value of 90,619,200,000 Combined total value = 90,619,200,000
Strike 920 has a total call value of 0 versus a total put value of 82,940,200,000 Combined total value = 82,940,200,000
Strike 940 has a total call value of 0 versus a total put value of 75,373,200,000 Combined total value = 75,373,200,000
Strike 960 has a total call value of 0 versus a total put value of 67,886,700,000 Combined total value = 67,886,700,000
Strike 980 has a total call value of 23,800,000 versus a total put value of 60,520,600,000 Combined total value = 60,544,400,000
Strike 1000 has a total call value of 47,600,000 versus a total put value of 53,246,900,000 Combined total value = 53,294,500,000
Strike 1020 has a total call value of 182,700,000 versus a total put value of 46,536,000,000 Combined total value = 46,718,700,000
Strike 1040 has a total call value of 317,800,000 versus a total put value of 40,028,800,000 Combined total value = 40,346,600,000
Strike 1060 has a total call value of 504,700,000 versus a total put value of 33,840,100,000 Combined total value = 34,344,800,000
Strike 1080 has a total call value of 940,100,000 versus a total put value of 28,002,100,000 Combined total value = 28,942,200,000
Strike 1100 has a total call value of 1,586,200,000 versus a total put value of 22,661,800,000 Combined total value = 24,248,000,000
Strike 1120 has a total call value of 2,716,700,000 versus a total put value of 18,436,600,000 Combined total value = 21,153,300,000
Strike 1140 has a total call value of 4,769,100,000 versus a total put value of 14,758,800,000 Combined total value = 19,527,900,000
Strike 1160 has a total call value of 7,613,900,000 versus a total put value of 11,725,700,000 Combined total value = 19,339,600,000
Strike 1180 has a total call value of 10,903,900,000 versus a total put value of 9,445,800,000 Combined total value = 20,349,700,000
Strike 1200 has a total call value of 14,672,000,000 versus a total put value of 7,770,000,000 Combined total value = 22,442,000,000
Strike 1220 has a total call value of 19,734,400,000 versus a total put value of 6,753,600,000 Combined total value = 26,488,000,000
Strike 1240 has a total call value of 26,342,400,000 versus a total put value of 5,974,500,000 Combined total value = 32,316,900,000
Strike 1260 has a total call value of 33,748,400,000 versus a total put value of 5,264,000,000 Combined total value = 39,012,400,000
Strike 1280 has a total call value of 42,452,200,000 versus a total put value of 4,614,400,000 Combined total value = 47,066,600,000
Strike 1300 has a total call value of 51,707,600,000 versus a total put value of 3,980,200,000 Combined total value = 55,687,800,000
Strike 1320 has a total call value of 62,883,800,000 versus a total put value of 3,599,400,000 Combined total value = 66,483,200,000
Strike 1340 has a total call value of 74,666,200,000 versus a total put value of 3,218,600,000 Combined total value = 77,884,800,000
Strike 1360 has a total call value of 86,848,300,000 versus a total put value of 2,837,800,000 Combined total value = 89,686,100,000
Strike 1380 has a total call value of 99,169,000,000 versus a total put value of 2,457,000,000 Combined total value = 101,626,000,000
Strike 1400 has a total call value of 111,579,300,000 versus a total put value of 2,076,200,000 Combined total value = 113,655,500,000
Strike 1420 has a total call value of 124,633,600,000 versus a total put value of 1,799,700,000 Combined total value = 126,433,300,000
Strike 1440 has a total call value of 137,706,100,000 versus a total put value of 1,523,200,000 Combined total value = 139,229,300,000
Strike 1460 has a total call value of 150,778,600,000 versus a total put value of 1,246,700,000 Combined total value = 152,025,300,000
Strike 1480 has a total call value of 163,851,100,000 versus a total put value of 970,200,000 Combined total value = 164,821,300,000
Strike 1500 has a total call value of 176,923,600,000 versus a total put value of 693,700,000 Combined total value = 177,617,300,000
Strike 1520 has a total call value of 191,078,300,000 versus a total put value of 554,400,000 Combined total value = 191,632,700,000
Strike 1540 has a total call value of 205,233,000,000 versus a total put value of 415,100,000 Combined total value = 205,648,100,000
Strike 1560 has a total call value of 219,387,700,000 versus a total put value of 275,800,000 Combined total value = 219,663,500,000
Strike 1580 has a total call value of 233,611,000,000 versus a total put value of 137,900,000 Combined total value = 233,748,900,000
Strike 1600 has a total call value of 247,834,300,000 versus a total put value of 0 Combined total value = 247,834,300,000
Strike 1620 has a total call value of 262,258,500,000 versus a total put value of 0 Combined total value = 262,258,500,000
Strike 1640 has a total call value of 276,682,700,000 versus a total put value of 0 Combined total value = 276,682,700,000
Strike 1660 has a total call value of 291,106,900,000 versus a total put value of 0 Combined total value = 291,106,900,000
Strike 1680 has a total call value of 305,531,100,000 versus a total put value of 0 Combined total value = 305,531,100,000
Strike 1700 has a total call value of 319,955,300,000 versus a total put value of 0 Combined total value = 319,955,300,000
Strike 1720 has a total call value of 334,379,500,000 versus a total put value of 0 Combined total value = 334,379,500,000
Strike 1740 has a total call value of 348,803,700,000 versus a total put value of 0 Combined total value = 348,803,700,000
Strike 1760 has a total call value of 363,227,900,000 versus a total put value of 0 Combined total value = 363,227,900,000
Strike 1780 has a total call value of 377,652,100,000 versus a total put value of 0 Combined total value = 377,652,100,000
Strike 1800 has a total call value of 392,076,300,000 versus a total put value of 0 Combined total value = 392,076,300,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 407.25 | 400 |
| ABB | 5457.5 | 5400 |
| ABCAPITAL | 185.52 | 175 |
| ABFRL | 253.26 | 250 |
| ACC | 1915.65 | 1940 |
| ADANIENSOL | 831.7 | 780 |
| ADANIENT | 2362.8 | 2360 |
| ADANIGREEN | 954.25 | 880 |
| ADANIPORTS | 1188.8 | 1160 |
| ALKEM | 4979 | 4800 |
| AMBUJACEM | 514.5 | 515 |
| ANGELONE | 2336.8 | 2100 |
| APLAPOLLO | 1511.55 | 1460 |
| APOLLOHOSP | 6611.55 | 6450 |
| APOLLOTYRE | 425.85 | 420 |
| ASHOKLEY | 210.84 | 210 |
| ASIANPAINT | 2300.4 | 2260 |
| ASTRAL | 1291.55 | 1300 |
| ATGL | 630.7 | 600 |
| AUBANK | 542.8 | 525 |
| AUROPHARMA | 1200.35 | 1160 |
| AXISBANK | 1070.15 | 1050 |
| BAJAJ-AUTO | 8067.85 | 7900 |
| BAJAJFINSV | 1847.25 | 1840 |
| BAJFINANCE | 8916.1 | 8700 |
| BALKRISIND | 2609.85 | 2580 |
| BANDHANBNK | 144.96 | 145 |
| BANKBARODA | 216.7 | 215 |
| BANKINDIA | 105.84 | 100 |
| BEL | 295.74 | 285 |
| BERGEPAINT | 500.3 | 500 |
| BHARATFORG | 1181.3 | 1120 |
| BHARTIARTL | 1725.8 | 1680 |
| BHEL | 211.95 | 205 |
| BIOCON | 344.1 | 335 |
| BOSCHLTD | 27432.25 | 28000 |
| BPCL | 279.66 | 270 |
| BRITANNIA | 4814 | 4750 |
| BSE | 4779.75 | 4500 |
| BSOFT | 404.35 | 410 |
| CAMS | 3815.7 | 3600 |
| CANBK | 87.54 | 87 |
| CDSL | 1216.3 | 1160 |
| CESC | 150.82 | 145 |
| CGPOWER | 641.25 | 620 |
| CHAMBLFERT | 597.05 | 580 |
| CHOLAFIN | 1538.5 | 1460 |
| CIPLA | 1523.85 | 1480 |
| COALINDIA | 405.4 | 395 |
| COFORGE | 7746.8 | 7500 |
| COLPAL | 2401.1 | 2480 |
| CONCOR | 689.65 | 680 |
| CROMPTON | 362.85 | 355 |
| CUMMINSIND | 2937.75 | 2900 |
| CYIENT | 1316.75 | 1260 |
| DABUR | 506.8 | 500 |
| DALBHARAT | 1747.4 | 1700 |
| DEEPAKNTR | 2057.8 | 1950 |
| DELHIVERY | 263.62 | 260 |
| DIVISLAB | 5797.35 | 5750 |
| DIXON | 14056.8 | 13750 |
| DLF | 695.9 | 690 |
| DMART | 3892.2 | 3800 |
| DRREDDY | 1200.15 | 1150 |
| EICHERMOT | 5305.95 | 5100 |
| ESCORTS | 3228.3 | 3100 |
| EXIDEIND | 358.65 | 360 |
| FEDERALBNK | 187.3 | 185 |
| GAIL | 175.05 | 171 |
| GLENMARK | 1514.75 | 1440 |
| GMRAIRPORT | 77.36 | 74 |
| GODREJCP | 1111.95 | 1070 |
| GODREJPROP | 2143.95 | 2100 |
| GRANULES | 507.45 | 500 |
| GRASIM | 2469.4 | 2420 |
| HAL | 3891.25 | 3700 |
| HAVELLS | 1480.8 | 1500 |
| HCLTECH | 1566.7 | 1580 |
| HDFCAMC | 3994.55 | 3900 |
| HDFCBANK | 1770.35 | 1760 |
| HDFCLIFE | 679.6 | 640 |
| HEROMOTOCO | 3629 | 3650 |
| HFCL | 82.81 | 85 |
| HINDALCO | 695.35 | 670 |
| HINDCOPPER | 229.91 | 220 |
| HINDPETRO | 356.95 | 340 |
| HINDUNILVR | 2246.2 | 2260 |
| HUDCO | 202.8 | 195 |
| ICICIBANK | 1343.1 | 1300 |
| ICICIGI | 1723.2 | 1700 |
| ICICIPRULI | 581.4 | 570 |
| IDEA | 7.62 | 8 |
| IDFCFIRSTB | 56.29 | 58 |
| IEX | 172.67 | 170 |
| IGL | 198.14 | 192.5 |
| IIFL | 340 | 320 |
| INDHOTEL | 824.7 | 790 |
| INDIANB | 547.95 | 520 |
| INDIGO | 5044.05 | 4900 |
| INDUSINDBK | 686.9 | 750 |
| INDUSTOWER | 348.85 | 340 |
| INFY | 1592.55 | 1620 |
| IOC | 131.51 | 127.5 |
| IRB | 46.8 | 45 |
| IRCTC | 722.2 | 710 |
| IREDA | 154.82 | 145 |
| IRFC | 129.66 | 125 |
| ITC | 405.55 | 405 |
| JINDALSTEL | 914.3 | 900 |
| JIOFIN | 229.12 | 225 |
| JKCEMENT | 4822.5 | 4600 |
| JSL | 625.7 | 630 |
| JSWENERGY | 559.7 | 530 |
| JSWSTEEL | 1058.7 | 1030 |
| JUBLFOOD | 629.05 | 630 |
| KALYANKJIL | 471.2 | 440 |
| KEI | 2890.3 | 2900 |
| KOTAKBANK | 2079 | 2020 |
| KPITTECH | 1323.4 | 1280 |
| LAURUSLABS | 611.2 | 590 |
| LICHSGFIN | 571.7 | 550 |
| LICI | 791.35 | 780 |
| LODHA | 1180.75 | 1160 |
| LT | 3415.95 | 3300 |
| LTF | 155.09 | 150 |
| LTIM | 4520.25 | 4500 |
| LTTS | 4670.4 | 4600 |
| LUPIN | 2114.7 | 2020 |
| M&M | 2801.85 | 2750 |
| M&MFIN | 291.35 | 280 |
| MANAPPURAM | 234.16 | 207.5 |
| MARICO | 630.8 | 620 |
| MARUTI | 11732.8 | 11700 |
| MAXHEALTH | 1170.25 | 1140 |
| MCX | 5464.1 | 5300 |
| MFSL | 1140.05 | 1100 |
| MGL | 1380 | 1340 |
| MOTHERSON | 131.34 | 130 |
| MPHASIS | 2429.95 | 2350 |
| MRF | 112050.15 | 110000 |
| MUTHOOTFIN | 2356.6 | 2340 |
| NATIONALUM | 185.52 | 190 |
| NAUKRI | 6916 | 6800 |
| NBCC | 83.73 | 80 |
| NCC | 206.03 | 195 |
| NESTLEIND | 2268.85 | 2240 |
| NHPC | 82.56 | 80 |
| NMDC | 67.51 | 68 |
| NTPC | 351.3 | 340 |
| NYKAA | 172.52 | 170 |
| OBEROIRLTY | 1652.5 | 1600 |
| OFSS | 7644.4 | 7750 |
| OIL | 393.6 | 390 |
| ONGC | 242.42 | 235 |
| PAGEIND | 42127.95 | 41000 |
| PATANJALI | 1761.05 | 1740 |
| PAYTM | 751.05 | 720 |
| PEL | 996.45 | 960 |
| PERSISTENT | 5275.55 | 5300 |
| PETRONET | 301.25 | 295 |
| PFC | 407.8 | 400 |
| PHOENIXLTD | 1666.15 | 1600 |
| PIDILITIND | 2825.5 | 2760 |
| PIIND | 3456.7 | 3300 |
| PNB | 93.14 | 92 |
| POLICYBZR | 1603 | 1500 |
| POLYCAB | 4992.3 | 5000 |
| POONAWALLA | 334.8 | 305 |
| POWERGRID | 283.1 | 275 |
| PRESTIGE | 1226.15 | 1150 |
| RAMCOCEM | 855.85 | 840 |
| RBLBANK | 168.3 | 165 |
| RECLTD | 428.95 | 420 |
| RELIANCE | 1276.35 | 1250 |
| SAIL | 115.3 | 110 |
| SBICARD | 857.5 | 845 |
| SBILIFE | 1546.4 | 1480 |
| SBIN | 753.2 | 740 |
| SHREECEM | 28987.4 | 28250 |
| SHRIRAMFIN | 676.8 | 650 |
| SIEMENS | 5200.65 | 5000 |
| SJVN | 95.23 | 90 |
| SOLARINDS | 10650.65 | 10200 |
| SONACOMS | 509.35 | 500 |
| SRF | 3024.35 | 2900 |
| SUNPHARMA | 1784.5 | 1680 |
| SUPREMEIND | 3427.85 | 3500 |
| SYNGENE | 716 | 700 |
| TATACHEM | 847.25 | 840 |
| TATACOMM | 1610 | 1540 |
| TATACONSUM | 961.2 | 970 |
| TATAELXSI | 5462.95 | 5400 |
| TATAMOTORS | 702.95 | 680 |
| TATAPOWER | 379.5 | 375 |
| TATASTEEL | 157.28 | 153 |
| TATATECH | 685.75 | 670 |
| TCS | 3578.1 | 3600 |
| TECHM | 1409.25 | 1440 |
| TIINDIA | 2872.15 | 2800 |
| TITAGARH | 784.5 | 760 |
| TITAN | 3162.7 | 3150 |
| TORNTPHARM | 3223.1 | 3100 |
| TORNTPOWER | 1498.55 | 1360 |
| TRENT | 5150.05 | 5100 |
| TVSMOTOR | 2413.85 | 2360 |
| ULTRACEMCO | 10976.75 | 10500 |
| UNIONBANK | 122.52 | 119 |
| UNITDSPR | 1391.6 | 1320 |
| UPL | 658.85 | 640 |
| USDINR | 86.015 | 77.25 |
| VBL | 537.95 | 520 |
| VEDL | 467.3 | 450 |
| VOLTAS | 1429.5 | 1400 |
| WIPRO | 264.3 | 270 |
| YESBANK | 17.17 | 17 |
| ZOMATO | 227.52 | 220 |
| ZYDUSLIFE | 918.6 | 900 |
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.
