HDFCBANK
HDFC BANK LTD
Max pain for HDFCBANK
11 Dec 2023 04:16 PM IST
Max Pain for HDFCBANK is 1600
Strike 1260 has a total call value of 0 versus a total put value of 738,717,100,000 Combined total value = 738,717,100,000
Strike 1270 has a total call value of 0 versus a total put value of 713,109,100,000 Combined total value = 713,109,100,000
Strike 1280 has a total call value of 0 versus a total put value of 687,501,100,000 Combined total value = 687,501,100,000
Strike 1290 has a total call value of 0 versus a total put value of 661,893,100,000 Combined total value = 661,893,100,000
Strike 1300 has a total call value of 0 versus a total put value of 636,285,100,000 Combined total value = 636,285,100,000
Strike 1310 has a total call value of 30,250,000 versus a total put value of 610,839,350,000 Combined total value = 610,869,600,000
Strike 1320 has a total call value of 60,500,000 versus a total put value of 585,393,600,000 Combined total value = 585,454,100,000
Strike 1330 has a total call value of 90,750,000 versus a total put value of 559,947,850,000 Combined total value = 560,038,600,000
Strike 1340 has a total call value of 121,000,000 versus a total put value of 534,502,100,000 Combined total value = 534,623,100,000
Strike 1350 has a total call value of 151,250,000 versus a total put value of 509,056,350,000 Combined total value = 509,207,600,000
Strike 1360 has a total call value of 181,500,000 versus a total put value of 483,714,550,000 Combined total value = 483,896,050,000
Strike 1370 has a total call value of 211,750,000 versus a total put value of 458,439,300,000 Combined total value = 458,651,050,000
Strike 1380 has a total call value of 242,000,000 versus a total put value of 433,164,050,000 Combined total value = 433,406,050,000
Strike 1390 has a total call value of 272,250,000 versus a total put value of 407,888,800,000 Combined total value = 408,161,050,000
Strike 1400 has a total call value of 302,500,000 versus a total put value of 382,641,600,000 Combined total value = 382,944,100,000
Strike 1410 has a total call value of 565,400,000 versus a total put value of 359,174,200,000 Combined total value = 359,739,600,000
Strike 1420 has a total call value of 828,300,000 versus a total put value of 335,716,150,000 Combined total value = 336,544,450,000
Strike 1430 has a total call value of 1,091,200,000 versus a total put value of 312,365,900,000 Combined total value = 313,457,100,000
Strike 1440 has a total call value of 1,354,100,000 versus a total put value of 289,076,150,000 Combined total value = 290,430,250,000
Strike 1450 has a total call value of 1,617,000,000 versus a total put value of 265,957,450,000 Combined total value = 267,574,450,000
Strike 1460 has a total call value of 1,879,900,000 versus a total put value of 245,393,500,000 Combined total value = 247,273,400,000
Strike 1470 has a total call value of 2,142,800,000 versus a total put value of 225,184,850,000 Combined total value = 227,327,650,000
Strike 1480 has a total call value of 2,405,700,000 versus a total put value of 206,028,350,000 Combined total value = 208,434,050,000
Strike 1490 has a total call value of 2,802,250,000 versus a total put value of 187,494,450,000 Combined total value = 190,296,700,000
Strike 1500 has a total call value of 3,198,800,000 versus a total put value of 169,093,100,000 Combined total value = 172,291,900,000
Strike 1510 has a total call value of 4,089,800,000 versus a total put value of 153,024,300,000 Combined total value = 157,114,100,000
Strike 1520 has a total call value of 5,024,800,000 versus a total put value of 137,166,700,000 Combined total value = 142,191,500,000
Strike 1530 has a total call value of 6,161,650,000 versus a total put value of 121,858,550,000 Combined total value = 128,020,200,000
Strike 1540 has a total call value of 7,502,550,000 versus a total put value of 106,922,200,000 Combined total value = 114,424,750,000
Strike 1550 has a total call value of 9,049,150,000 versus a total put value of 92,611,750,000 Combined total value = 101,660,900,000
Strike 1560 has a total call value of 11,217,800,000 versus a total put value of 79,591,600,000 Combined total value = 90,809,400,000
Strike 1570 has a total call value of 13,871,550,000 versus a total put value of 67,702,250,000 Combined total value = 81,573,800,000
Strike 1580 has a total call value of 17,639,600,000 versus a total put value of 56,421,750,000 Combined total value = 74,061,350,000
Strike 1590 has a total call value of 22,209,550,000 versus a total put value of 46,349,600,000 Combined total value = 68,559,150,000
Strike 1600 has a total call value of 26,980,800,000 versus a total put value of 36,817,550,000 Combined total value = 63,798,350,000
Strike 1610 has a total call value of 33,685,300,000 versus a total put value of 30,163,100,000 Combined total value = 63,848,400,000
Strike 1620 has a total call value of 40,624,650,000 versus a total put value of 23,889,800,000 Combined total value = 64,514,450,000
Strike 1630 has a total call value of 48,162,400,000 versus a total put value of 18,722,000,000 Combined total value = 66,884,400,000
Strike 1640 has a total call value of 56,484,450,000 versus a total put value of 14,397,900,000 Combined total value = 70,882,350,000
Strike 1650 has a total call value of 65,670,000,000 versus a total put value of 10,932,900,000 Combined total value = 76,602,900,000
Strike 1660 has a total call value of 77,552,200,000 versus a total put value of 8,554,150,000 Combined total value = 86,106,350,000
Strike 1670 has a total call value of 91,330,250,000 versus a total put value of 6,926,700,000 Combined total value = 98,256,950,000
Strike 1680 has a total call value of 106,197,850,000 versus a total put value of 5,416,400,000 Combined total value = 111,614,250,000
Strike 1690 has a total call value of 123,047,650,000 versus a total put value of 4,182,750,000 Combined total value = 127,230,400,000
Strike 1700 has a total call value of 140,269,800,000 versus a total put value of 3,016,200,000 Combined total value = 143,286,000,000
Strike 1710 has a total call value of 160,463,600,000 versus a total put value of 2,457,950,000 Combined total value = 162,921,550,000
Strike 1720 has a total call value of 181,398,250,000 versus a total put value of 1,969,000,000 Combined total value = 183,367,250,000
Strike 1730 has a total call value of 202,832,300,000 versus a total put value of 1,571,900,000 Combined total value = 204,404,200,000
Strike 1740 has a total call value of 224,433,000,000 versus a total put value of 1,178,100,000 Combined total value = 225,611,100,000
Strike 1750 has a total call value of 246,368,100,000 versus a total put value of 800,250,000 Combined total value = 247,168,350,000
Strike 1760 has a total call value of 269,267,350,000 versus a total put value of 640,200,000 Combined total value = 269,907,550,000
Strike 1770 has a total call value of 292,552,700,000 versus a total put value of 480,150,000 Combined total value = 293,032,850,000
Strike 1780 has a total call value of 316,020,650,000 versus a total put value of 320,100,000 Combined total value = 316,340,750,000
Strike 1790 has a total call value of 339,678,900,000 versus a total put value of 160,050,000 Combined total value = 339,838,950,000
Strike 1800 has a total call value of 363,518,650,000 versus a total put value of 0 Combined total value = 363,518,650,000
Strike 1810 has a total call value of 388,285,700,000 versus a total put value of 0 Combined total value = 388,285,700,000
Strike 1820 has a total call value of 413,472,400,000 versus a total put value of 0 Combined total value = 413,472,400,000
Strike 1830 has a total call value of 438,768,000,000 versus a total put value of 0 Combined total value = 438,768,000,000
Strike 1840 has a total call value of 464,181,850,000 versus a total put value of 0 Combined total value = 464,181,850,000
Strike 1850 has a total call value of 489,595,700,000 versus a total put value of 0 Combined total value = 489,595,700,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.