HDFCAMC

Hdfc Amc Limited

2575.8 -20.20 (-0.78%)

L: 2564 H: 2596.7

Max Pain - HDFCAMC

05 Dec 2025 03:27 PM IST

Live

Expiry

Max Pain for HDFCAMC is 2650

Historical data for HDFCAMC-2650-CE

LTP (2650 CE)

27 -11.15

Open Interest

449 70

Historical data for HDFCAMC-2650-PE

LTP (2650 PE)

83 10

Open Interest

255 -11

Strike 2300 has a total call value of 0 versus a total put value of 30,430,950,000 Combined total value = 30,430,950,000

Strike 2320 has a total call value of 0 versus a total put value of 28,368,750,000 Combined total value = 28,368,750,000

Strike 2325 has a total call value of 0 versus a total put value of 27,853,200,000 Combined total value = 27,853,200,000

Strike 2340 has a total call value of 0 versus a total put value of 26,306,550,000 Combined total value = 26,306,550,000

Strike 2350 has a total call value of 0 versus a total put value of 25,275,450,000 Combined total value = 25,275,450,000

Strike 2360 has a total call value of 0 versus a total put value of 24,244,350,000 Combined total value = 24,244,350,000

Strike 2375 has a total call value of 0 versus a total put value of 22,697,700,000 Combined total value = 22,697,700,000

Strike 2380 has a total call value of 0 versus a total put value of 22,182,150,000 Combined total value = 22,182,150,000

Strike 2400 has a total call value of 0 versus a total put value of 20,119,950,000 Combined total value = 20,119,950,000

Strike 2420 has a total call value of 0 versus a total put value of 18,183,750,000 Combined total value = 18,183,750,000

Strike 2425 has a total call value of 0 versus a total put value of 17,699,700,000 Combined total value = 17,699,700,000

Strike 2440 has a total call value of 0 versus a total put value of 16,247,550,000 Combined total value = 16,247,550,000

Strike 2450 has a total call value of 0 versus a total put value of 15,279,450,000 Combined total value = 15,279,450,000

Strike 2460 has a total call value of 0 versus a total put value of 14,349,150,000 Combined total value = 14,349,150,000

Strike 2475 has a total call value of 0 versus a total put value of 12,953,700,000 Combined total value = 12,953,700,000

Strike 2480 has a total call value of 0 versus a total put value of 12,488,550,000 Combined total value = 12,488,550,000

Strike 2500 has a total call value of 0 versus a total put value of 10,627,950,000 Combined total value = 10,627,950,000

Strike 2520 has a total call value of 16,800,000 versus a total put value of 9,293,550,000 Combined total value = 9,310,350,000

Strike 2525 has a total call value of 21,000,000 versus a total put value of 8,970,150,000 Combined total value = 8,991,150,000

Strike 2540 has a total call value of 33,600,000 versus a total put value of 7,999,950,000 Combined total value = 8,033,550,000

Strike 2550 has a total call value of 42,000,000 versus a total put value of 7,365,150,000 Combined total value = 7,407,150,000

Strike 2560 has a total call value of 50,400,000 versus a total put value of 6,730,350,000 Combined total value = 6,780,750,000

Strike 2575 has a total call value of 65,700,000 versus a total put value of 5,785,800,000 Combined total value = 5,851,500,000

Strike 2580 has a total call value of 73,650,000 versus a total put value of 5,470,950,000 Combined total value = 5,544,600,000

Strike 2600 has a total call value of 135,450,000 versus a total put value of 4,250,550,000 Combined total value = 4,386,000,000

Strike 2620 has a total call value of 490,050,000 versus a total put value of 3,276,150,000 Combined total value = 3,766,200,000

Strike 2625 has a total call value of 591,300,000 versus a total put value of 3,042,300,000 Combined total value = 3,633,600,000

Strike 2640 has a total call value of 936,000,000 versus a total put value of 2,413,200,000 Combined total value = 3,349,200,000

Strike 2650 has a total call value of 1,203,900,000 versus a total put value of 2,034,000,000 Combined total value = 3,237,900,000

Strike 2660 has a total call value of 1,606,500,000 versus a total put value of 1,731,300,000 Combined total value = 3,337,800,000

Strike 2675 has a total call value of 2,232,900,000 versus a total put value of 1,277,250,000 Combined total value = 3,510,150,000

Strike 2680 has a total call value of 2,459,700,000 versus a total put value of 1,142,400,000 Combined total value = 3,602,100,000

Strike 2700 has a total call value of 3,404,700,000 versus a total put value of 603,000,000 Combined total value = 4,007,700,000

Strike 2720 has a total call value of 4,958,100,000 versus a total put value of 361,800,000 Combined total value = 5,319,900,000

Strike 2725 has a total call value of 5,346,450,000 versus a total put value of 301,500,000 Combined total value = 5,647,950,000

Strike 2740 has a total call value of 6,583,950,000 versus a total put value of 120,600,000 Combined total value = 6,704,550,000

Strike 2750 has a total call value of 7,408,950,000 versus a total put value of 0 Combined total value = 7,408,950,000

Strike 2760 has a total call value of 8,460,450,000 versus a total put value of 0 Combined total value = 8,460,450,000

Strike 2775 has a total call value of 10,037,700,000 versus a total put value of 0 Combined total value = 10,037,700,000

Strike 2780 has a total call value of 10,577,100,000 versus a total put value of 0 Combined total value = 10,577,100,000

Strike 2800 has a total call value of 12,734,700,000 versus a total put value of 0 Combined total value = 12,734,700,000

Strike 2820 has a total call value of 15,269,100,000 versus a total put value of 0 Combined total value = 15,269,100,000

Strike 2825 has a total call value of 15,902,700,000 versus a total put value of 0 Combined total value = 15,902,700,000

Strike 2840 has a total call value of 17,803,500,000 versus a total put value of 0 Combined total value = 17,803,500,000

Strike 2850 has a total call value of 19,070,700,000 versus a total put value of 0 Combined total value = 19,070,700,000

Strike 2860 has a total call value of 20,370,000,000 versus a total put value of 0 Combined total value = 20,370,000,000

Strike 2875 has a total call value of 22,318,950,000 versus a total put value of 0 Combined total value = 22,318,950,000

Strike 2880 has a total call value of 22,985,250,000 versus a total put value of 0 Combined total value = 22,985,250,000

Strike 2900 has a total call value of 25,650,450,000 versus a total put value of 0 Combined total value = 25,650,450,000

Strike 2920 has a total call value of 28,499,250,000 versus a total put value of 0 Combined total value = 28,499,250,000

Strike 2925 has a total call value of 29,211,450,000 versus a total put value of 0 Combined total value = 29,211,450,000

Strike 2940 has a total call value of 31,348,050,000 versus a total put value of 0 Combined total value = 31,348,050,000

Strike 2950 has a total call value of 32,772,450,000 versus a total put value of 0 Combined total value = 32,772,450,000

Strike 2960 has a total call value of 34,196,850,000 versus a total put value of 0 Combined total value = 34,196,850,000

Strike 2975 has a total call value of 36,333,450,000 versus a total put value of 0 Combined total value = 36,333,450,000

Strike 2980 has a total call value of 37,045,650,000 versus a total put value of 0 Combined total value = 37,045,650,000

Strike 3000 has a total call value of 39,894,450,000 versus a total put value of 0 Combined total value = 39,894,450,000

Strike 3020 has a total call value of 42,887,250,000 versus a total put value of 0 Combined total value = 42,887,250,000

Strike 3025 has a total call value of 43,635,450,000 versus a total put value of 0 Combined total value = 43,635,450,000

Strike 3040 has a total call value of 45,880,050,000 versus a total put value of 0 Combined total value = 45,880,050,000

Strike 3050 has a total call value of 47,376,450,000 versus a total put value of 0 Combined total value = 47,376,450,000

Strike 3060 has a total call value of 48,872,850,000 versus a total put value of 0 Combined total value = 48,872,850,000

Strike 3075 has a total call value of 51,117,450,000 versus a total put value of 0 Combined total value = 51,117,450,000

Strike 3080 has a total call value of 51,865,650,000 versus a total put value of 0 Combined total value = 51,865,650,000

Strike 3100 has a total call value of 54,858,450,000 versus a total put value of 0 Combined total value = 54,858,450,000

Strike 3120 has a total call value of 57,851,250,000 versus a total put value of 0 Combined total value = 57,851,250,000

Strike 3125 has a total call value of 58,599,450,000 versus a total put value of 0 Combined total value = 58,599,450,000

Strike 3140 has a total call value of 60,844,050,000 versus a total put value of 0 Combined total value = 60,844,050,000

Strike 3150 has a total call value of 62,340,450,000 versus a total put value of 0 Combined total value = 62,340,450,000

Strike 3160 has a total call value of 63,836,850,000 versus a total put value of 0 Combined total value = 63,836,850,000

Strike 3175 has a total call value of 66,081,450,000 versus a total put value of 0 Combined total value = 66,081,450,000

Strike 3180 has a total call value of 66,829,650,000 versus a total put value of 0 Combined total value = 66,829,650,000

Strike 3200 has a total call value of 69,822,450,000 versus a total put value of 0 Combined total value = 69,822,450,000

Max-Pain Table for Stocks

Max-Pain Table Expiry

Note:- click on symbol to see more detailed view

Max Pain Table (Stocks)
Symbol	Symbol Ltp	Max Pain
360ONE	1146.6	1140
ABB	5172	5150
ABCAPITAL	358.45	350
ADANIENSOL	979.25	980
ADANIENT	2263.8	2300
ADANIGREEN	1018	1020
ADANIPORTS	1508.6	1500
ALKEM	5697.5	5700
AMBER	6550	6500
AMBUJACEM	534.25	550
ANGELONE	2645	2650
APLAPOLLO	1772.5	1760
APOLLOHOSP	7205	7350
ASHOKLEY	160.85	157
ASIANPAINT	2966.4	2920
ASTRAL	1455	1460
AUBANK	960	940
AUROPHARMA	1216.2	1220
AXISBANK	1283.6	1280
BAJAJ-AUTO	9110	9100
BAJAJFINSV	2096.2	2080
BAJFINANCE	1047	1030
BANDHANBNK	140.23	150
BANKBARODA	292.15	292.5
BANKINDIA	143.01	145
BDL	1507.5	1520
BEL	406.5	410
BHARATFORG	1403.8	1400
BHARTIARTL	2109.8	2100
BHEL	277.65	285
BIOCON	393	400
BLUESTARCO	1731.2	1760
BOSCHLTD	36885	36500
BPCL	360.3	362.5
BRITANNIA	5968.5	5900
BSE	2815.9	2800
CAMS	775.8	780
CANBK	148.5	150
CDSL	1553.9	1600
CGPOWER	662.1	680
CHOLAFIN	1731.4	1700
CIPLA	1521.1	1530
COALINDIA	380.1	380
COFORGE	1977.2	1860
COLPAL	2163.3	2200
CONCOR	511.2	520
CROMPTON	260	270
CUMMINSIND	4460.5	4500
CYIENT	1169.1	1160
DABUR	509.8	515
DALBHARAT	1991.5	2000
DELHIVERY	405.2	420
DIVISLAB	6480.5	6450
DIXON	13750	14500
DLF	720.2	730
DMART	3953	4000
DRREDDY	1275.6	1270
EICHERMOT	7213.5	7100
ETERNAL	291.7	305
EXIDEIND	380.25	380
FEDERALBNK	259.25	255
FORTIS	889.75	910
GAIL	169.98	175
GLENMARK	1960.4	1940
GMRAIRPORT	103.67	102
GODREJCP	1137.6	1140
GODREJPROP	2083.1	2100
GRASIM	2747.3	2760
HAL	4436.1	4500
HAVELLS	1435.3	1440
HCLTECH	1682.5	1640
HDFCAMC	2575.8	2650
HDFCBANK	1002.8	1000
HDFCLIFE	767.3	770
HEROMOTOCO	6358	6200
HFCL	69.12	70
HINDALCO	821.3	800
HINDPETRO	449.3	455
HINDUNILVR	2340.9	2360
HINDZINC	498.15	490
HUDCO	224.99	230
ICICIBANK	1392.8	1380
ICICIGI	1978	2000
ICICIPRULI	627	620
IDEA	10.79	10
IDFCFIRSTB	80.87	80
IEX	145.33	145
IIFL	569.4	570
INDHOTEL	731.2	740
INDIANB	808.6	830
INDIGO	5373.5	5500
INDUSINDBK	870.5	860
INDUSTOWER	416.35	410
INFY	1615.6	1600
INOXWIND	130.13	137.5
IOC	163.62	164
IRCTC	675.05	690
IREDA	133.92	140
IRFC	114.8	118
ITC	404.95	405
JINDALSTEL	1007.2	1030
JIOFIN	303.9	310
JSWENERGY	463.3	490
JSWSTEEL	1164.6	1150
JUBLFOOD	593.7	600
KALYANKJIL	493.2	490
KAYNES	4365.5	4900
KEI	4163	4150
KFINTECH	1072	1080
KOTAKBANK	2156.2	2120
KPITTECH	1264.9	1240
LAURUSLABS	1026.5	1000
LICHSGFIN	543.85	555
LICI	870.7	900
LODHA	1110.9	1160
LT	4039	4020
LTF	310.15	305
LTIM	6286.5	6150
LUPIN	2090	2080
M&M	3715	3700
MANAPPURAM	279.75	280
MANKIND	2207	2250
MARICO	736.15	730
MARUTI	16305	16200
MAXHEALTH	1098	1120
MAZDOCK	2614.7	2700
MCX	10346	10100
MFSL	1689.3	1700
MOTHERSON	117.04	115
MPHASIS	2949.2	2900
MUTHOOTFIN	3799.3	3700
NATIONALUM	273	265
NAUKRI	1389.7	1380
NBCC	112.01	115
NCC	168.2	172.5
NESTLEIND	1245	1260
NHPC	77.06	78
NMDC	76.46	76
NTPC	323.45	325
NUVAMA	7180.5	7200
NYKAA	254.8	260
OBEROIRLTY	1662.1	1660
OFSS	8218	8200
OIL	412.05	415
ONGC	241.51	244
PAGEIND	37470	38000
PATANJALI	548	550
PAYTM	1345.2	1320
PERSISTENT	6520.5	6400
PETRONET	274.8	280
PFC	352.7	365
PGEL	552.35	570
PHOENIXLTD	1721.4	1740
PIDILITIND	1473.8	1480
PIIND	3399	3450
PNB	121.72	123
PNBHOUSING	903	900
POLICYBZR	1898	1860
POLYCAB	7262	7400
POWERGRID	269.85	275
POWERINDIA	19340	20500
PPLPHARMA	179.75	185
PRESTIGE	1691	1680
RBLBANK	305.7	310
RECLTD	353.35	360
RELIANCE	1544.8	1540
RVNL	310.9	315
SAIL	132.43	135
SAMMAANCAP	148.48	155
SBICARD	886.15	880
SBILIFE	2021.2	2020
SBIN	971.9	975
SHREECEM	26100	26500
SHRIRAMFIN	853.55	840
SIEMENS	3323.2	3300
SOLARINDS	12844	13250
SONACOMS	493.25	500
SRF	2887.4	2900
SUNPHARMA	1804.6	1800
SUPREMEIND	3362.2	3450
SUZLON	51.92	55
SYNGENE	638.3	640
TATACONSUM	1160.3	1170
TATAELXSI	5217	5300
TATAMOTORS	0	320
TATAPOWER	384.5	390
TATASTEEL	167.3	170
TATATECH	666.5	680
TCS	3240	3200
TECHM	1568.4	1520
TIINDIA	2668.2	2850
TITAGARH	789.9	820
TITAN	3811	3860
TMPV	353.7	360
TORNTPHARM	3777	3750
TORNTPOWER	1290.6	1300
TRENT	4180	4300
TVSMOTOR	3668	3600
ULTRACEMCO	11602	11700
UNIONBANK	153.37	155
UNITDSPR	1453.5	1450
UNOMINDA	1273.7	1300
UPL	758.65	760
VBL	479.45	470
VEDL	523.6	520
VOLTAS	1326.7	1360
WIPRO	259.52	255
YESBANK	22.62	23
ZYDUSLIFE	931.5	940

Note:

Stock LTP > Max Pain	Bearish Trend
Stock LTP < Max Pain	Bullish Trend

Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

For each strike price: Calculate the difference between the current stock price and the strike price.
Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
Sum the values: Add together the dollar value for put options and call options at each strike price.
Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.

Related Pages for HDFCAMC

HDFCAMC

360ONE

ABB

ABCAPITAL

ADANIENSOL

ADANIENT

ADANIGREEN

ADANIPORTS

ALKEM

AMBER

AMBUJACEM

ANGELONE

APLAPOLLO

APOLLOHOSP

ASHOKLEY

ASIANPAINT

ASTRAL

AUBANK

AUROPHARMA

AXISBANK

BAJAJ-AUTO

BAJAJFINSV

BAJFINANCE

BANDHANBNK

BANKBARODA

BANKEX

BANKINDIA

BANKNIFTY

BDL

BEL

BHARATFORG

BHARTIARTL

BHEL

BIOCON

BLUESTARCO

BOSCHLTD

BPCL

BRITANNIA

BSE

CAMS

CANBK

CDSL

CGPOWER

CHOLAFIN

CIPLA

COALINDIA

COFORGE

COLPAL

CONCOR

COPPER

CROMPTON

CRUDEOIL

CRUDEOILM

CUMMINSIND

CYIENT

DABUR

DALBHARAT

DELHIVERY

DIVISLAB

DIXON

DLF

DMART

DRREDDY

EICHERMOT

ETERNAL

EURINR

EURUSD

EXIDEIND

FEDERALBNK

FINNIFTY

FORTIS

GAIL

GBPINR

GBPUSD

GLENMARK

GMRAIRPORT

GODREJCP

GODREJPROP

GOLD