HDFCBANK
HDFC BANK LTD
Max pain for HDFCBANK
16 Apr 2024 04:16 PM IST
Max Pain for HDFCBANK is 1500
Strike 1160 has a total call value of 0 versus a total put value of 878,400,600,000 Combined total value = 878,400,600,000
Strike 1170 has a total call value of 0 versus a total put value of 849,618,000,000 Combined total value = 849,618,000,000
Strike 1180 has a total call value of 0 versus a total put value of 820,835,400,000 Combined total value = 820,835,400,000
Strike 1190 has a total call value of 0 versus a total put value of 792,052,800,000 Combined total value = 792,052,800,000
Strike 1200 has a total call value of 0 versus a total put value of 763,270,200,000 Combined total value = 763,270,200,000
Strike 1210 has a total call value of 6,050,000 versus a total put value of 734,658,650,000 Combined total value = 734,664,700,000
Strike 1220 has a total call value of 12,100,000 versus a total put value of 706,047,100,000 Combined total value = 706,059,200,000
Strike 1230 has a total call value of 18,150,000 versus a total put value of 677,435,550,000 Combined total value = 677,453,700,000
Strike 1240 has a total call value of 24,200,000 versus a total put value of 648,824,000,000 Combined total value = 648,848,200,000
Strike 1250 has a total call value of 30,250,000 versus a total put value of 620,241,600,000 Combined total value = 620,271,850,000
Strike 1260 has a total call value of 36,300,000 versus a total put value of 591,659,200,000 Combined total value = 591,695,500,000
Strike 1270 has a total call value of 42,350,000 versus a total put value of 563,103,750,000 Combined total value = 563,146,100,000
Strike 1280 has a total call value of 48,400,000 versus a total put value of 534,548,300,000 Combined total value = 534,596,700,000
Strike 1290 has a total call value of 54,450,000 versus a total put value of 506,117,700,000 Combined total value = 506,172,150,000
Strike 1300 has a total call value of 60,500,000 versus a total put value of 477,687,100,000 Combined total value = 477,747,600,000
Strike 1310 has a total call value of 106,150,000 versus a total put value of 451,311,850,000 Combined total value = 451,418,000,000
Strike 1320 has a total call value of 151,800,000 versus a total put value of 424,945,400,000 Combined total value = 425,097,200,000
Strike 1330 has a total call value of 197,450,000 versus a total put value of 399,464,450,000 Combined total value = 399,661,900,000
Strike 1340 has a total call value of 243,100,000 versus a total put value of 374,163,900,000 Combined total value = 374,407,000,000
Strike 1350 has a total call value of 288,750,000 versus a total put value of 349,344,600,000 Combined total value = 349,633,350,000
Strike 1360 has a total call value of 375,650,000 versus a total put value of 325,399,800,000 Combined total value = 325,775,450,000
Strike 1370 has a total call value of 462,550,000 versus a total put value of 301,660,150,000 Combined total value = 302,122,700,000
Strike 1380 has a total call value of 549,450,000 versus a total put value of 278,171,300,000 Combined total value = 278,720,750,000
Strike 1390 has a total call value of 636,350,000 versus a total put value of 255,042,150,000 Combined total value = 255,678,500,000
Strike 1400 has a total call value of 735,350,000 versus a total put value of 232,105,500,000 Combined total value = 232,840,850,000
Strike 1410 has a total call value of 1,595,000,000 versus a total put value of 211,292,950,000 Combined total value = 212,887,950,000
Strike 1420 has a total call value of 2,462,350,000 versus a total put value of 190,634,950,000 Combined total value = 193,097,300,000
Strike 1430 has a total call value of 3,522,750,000 versus a total put value of 170,561,600,000 Combined total value = 174,084,350,000
Strike 1440 has a total call value of 4,808,100,000 versus a total put value of 151,073,450,000 Combined total value = 155,881,550,000
Strike 1450 has a total call value of 6,266,150,000 versus a total put value of 132,166,650,000 Combined total value = 138,432,800,000
Strike 1460 has a total call value of 8,426,550,000 versus a total put value of 114,877,400,000 Combined total value = 123,303,950,000
Strike 1470 has a total call value of 11,153,450,000 versus a total put value of 99,053,350,000 Combined total value = 110,206,800,000
Strike 1480 has a total call value of 14,258,750,000 versus a total put value of 83,882,150,000 Combined total value = 98,140,900,000
Strike 1490 has a total call value of 19,141,100,000 versus a total put value of 70,621,100,000 Combined total value = 89,762,200,000
Strike 1500 has a total call value of 24,465,650,000 versus a total put value of 58,269,750,000 Combined total value = 82,735,400,000
Strike 1510 has a total call value of 36,319,250,000 versus a total put value of 50,158,350,000 Combined total value = 86,477,600,000
Strike 1520 has a total call value of 50,452,050,000 versus a total put value of 42,660,750,000 Combined total value = 93,112,800,000
Strike 1530 has a total call value of 70,963,200,000 versus a total put value of 36,295,600,000 Combined total value = 107,258,800,000
Strike 1540 has a total call value of 95,822,100,000 versus a total put value of 30,621,250,000 Combined total value = 126,443,350,000
Strike 1550 has a total call value of 124,622,300,000 versus a total put value of 25,944,600,000 Combined total value = 150,566,900,000
Strike 1560 has a total call value of 163,464,400,000 versus a total put value of 22,378,400,000 Combined total value = 185,842,800,000
Strike 1570 has a total call value of 205,612,000,000 versus a total put value of 19,199,950,000 Combined total value = 224,811,950,000
Strike 1580 has a total call value of 248,966,850,000 versus a total put value of 16,255,800,000 Combined total value = 265,222,650,000
Strike 1590 has a total call value of 293,863,900,000 versus a total put value of 13,571,800,000 Combined total value = 307,435,700,000
Strike 1600 has a total call value of 339,179,500,000 versus a total put value of 10,940,600,000 Combined total value = 350,120,100,000
Strike 1610 has a total call value of 391,800,750,000 versus a total put value of 9,608,500,000 Combined total value = 401,409,250,000
Strike 1620 has a total call value of 444,737,700,000 versus a total put value of 8,316,000,000 Combined total value = 453,053,700,000
Strike 1630 has a total call value of 498,449,600,000 versus a total put value of 7,246,800,000 Combined total value = 505,696,400,000
Strike 1640 has a total call value of 552,406,800,000 versus a total put value of 6,177,600,000 Combined total value = 558,584,400,000
Strike 1650 has a total call value of 607,069,650,000 versus a total put value of 5,149,650,000 Combined total value = 612,219,300,000
Strike 1660 has a total call value of 662,561,350,000 versus a total put value of 4,121,700,000 Combined total value = 666,683,050,000
Strike 1670 has a total call value of 718,652,000,000 versus a total put value of 3,093,750,000 Combined total value = 721,745,750,000
Strike 1680 has a total call value of 774,809,750,000 versus a total put value of 2,065,800,000 Combined total value = 776,875,550,000
Strike 1690 has a total call value of 831,680,850,000 versus a total put value of 1,037,850,000 Combined total value = 832,718,700,000
Strike 1700 has a total call value of 888,551,950,000 versus a total put value of 9,900,000 Combined total value = 888,561,850,000
Strike 1710 has a total call value of 947,967,900,000 versus a total put value of 8,250,000 Combined total value = 947,976,150,000
Strike 1720 has a total call value of 1,007,383,850,000 versus a total put value of 6,600,000 Combined total value = 1,007,390,450,000
Strike 1730 has a total call value of 1,066,972,500,000 versus a total put value of 4,950,000 Combined total value = 1,066,977,450,000
Strike 1740 has a total call value of 1,126,561,150,000 versus a total put value of 3,300,000 Combined total value = 1,126,564,450,000
Strike 1750 has a total call value of 1,186,316,450,000 versus a total put value of 1,650,000 Combined total value = 1,186,318,100,000
Strike 1760 has a total call value of 1,246,071,750,000 versus a total put value of 0 Combined total value = 1,246,071,750,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.