HDFCBANK
Hdfc Bank Ltd
Max pain for HDFCBANK
28 Mar 2025 04:12 PM IST
Max Pain for HDFCBANK is 1800
Strike 1400 has a total call value of 0 versus a total put value of 468,332,700,000 Combined total value = 468,332,700,000
Strike 1420 has a total call value of 0 versus a total put value of 442,152,700,000 Combined total value = 442,152,700,000
Strike 1440 has a total call value of 0 versus a total put value of 415,972,700,000 Combined total value = 415,972,700,000
Strike 1460 has a total call value of 0 versus a total put value of 389,797,100,000 Combined total value = 389,797,100,000
Strike 1480 has a total call value of 0 versus a total put value of 363,621,500,000 Combined total value = 363,621,500,000
Strike 1500 has a total call value of 0 versus a total put value of 337,492,100,000 Combined total value = 337,492,100,000
Strike 1520 has a total call value of 48,400,000 versus a total put value of 311,649,800,000 Combined total value = 311,698,200,000
Strike 1540 has a total call value of 96,800,000 versus a total put value of 285,912,000,000 Combined total value = 286,008,800,000
Strike 1560 has a total call value of 145,200,000 versus a total put value of 260,207,200,000 Combined total value = 260,352,400,000
Strike 1580 has a total call value of 193,600,000 versus a total put value of 234,576,100,000 Combined total value = 234,769,700,000
Strike 1600 has a total call value of 242,000,000 versus a total put value of 208,978,000,000 Combined total value = 209,220,000,000
Strike 1620 has a total call value of 376,200,000 versus a total put value of 185,047,500,000 Combined total value = 185,423,700,000
Strike 1640 has a total call value of 512,600,000 versus a total put value of 161,493,200,000 Combined total value = 162,005,800,000
Strike 1660 has a total call value of 649,000,000 versus a total put value of 139,173,100,000 Combined total value = 139,822,100,000
Strike 1680 has a total call value of 785,400,000 versus a total put value of 117,645,000,000 Combined total value = 118,430,400,000
Strike 1700 has a total call value of 1,016,400,000 versus a total put value of 96,998,000,000 Combined total value = 98,014,400,000
Strike 1720 has a total call value of 2,079,000,000 versus a total put value of 79,574,000,000 Combined total value = 81,653,000,000
Strike 1740 has a total call value of 3,696,000,000 versus a total put value of 63,241,200,000 Combined total value = 66,937,200,000
Strike 1760 has a total call value of 5,754,100,000 versus a total put value of 48,725,600,000 Combined total value = 54,479,700,000
Strike 1780 has a total call value of 8,894,600,000 versus a total put value of 35,891,900,000 Combined total value = 44,786,500,000
Strike 1800 has a total call value of 12,599,400,000 versus a total put value of 24,468,400,000 Combined total value = 37,067,800,000
Strike 1820 has a total call value of 19,644,900,000 versus a total put value of 17,580,200,000 Combined total value = 37,225,100,000
Strike 1840 has a total call value of 28,833,200,000 versus a total put value of 12,329,900,000 Combined total value = 41,163,100,000
Strike 1860 has a total call value of 41,099,300,000 versus a total put value of 8,494,200,000 Combined total value = 49,593,500,000
Strike 1880 has a total call value of 55,321,200,000 versus a total put value of 5,704,600,000 Combined total value = 61,025,800,000
Strike 1900 has a total call value of 70,830,100,000 versus a total put value of 3,215,300,000 Combined total value = 74,045,400,000
Strike 1920 has a total call value of 90,510,200,000 versus a total put value of 2,400,200,000 Combined total value = 92,910,400,000
Strike 1940 has a total call value of 111,421,200,000 versus a total put value of 1,741,300,000 Combined total value = 113,162,500,000
Strike 1960 has a total call value of 133,241,900,000 versus a total put value of 1,146,200,000 Combined total value = 134,388,100,000
Strike 1980 has a total call value of 156,108,700,000 versus a total put value of 639,100,000 Combined total value = 156,747,800,000
Strike 2000 has a total call value of 179,407,800,000 versus a total put value of 132,000,000 Combined total value = 179,539,800,000
Strike 2020 has a total call value of 205,942,000,000 versus a total put value of 99,000,000 Combined total value = 206,041,000,000
Strike 2040 has a total call value of 232,476,200,000 versus a total put value of 66,000,000 Combined total value = 232,542,200,000
Strike 2060 has a total call value of 259,768,300,000 versus a total put value of 33,000,000 Combined total value = 259,801,300,000
Strike 2080 has a total call value of 287,060,400,000 versus a total put value of 0 Combined total value = 287,060,400,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 1828.2 | 400 |
| ABB | 1828.2 | 5600 |
| ABCAPITAL | 1828.2 | 190 |
| ABFRL | 1828.2 | 260 |
| ACC | 1828.2 | 1960 |
| ADANIENSOL | 1828.2 | 840 |
| ADANIENT | 1828.2 | 2500 |
| ADANIGREEN | 1828.2 | 940 |
| ADANIPORTS | 1828.2 | 1200 |
| ALKEM | 1828.2 | 5000 |
| AMBUJACEM | 1828.2 | 550 |
| ANGELONE | 1828.2 | 2200 |
| APLAPOLLO | 1828.2 | 1520 |
| APOLLOHOSP | 1828.2 | 6600 |
| APOLLOTYRE | 1828.2 | 430 |
| ASHOKLEY | 1828.2 | 210 |
| ASIANPAINT | 1828.2 | 2340 |
| ASTRAL | 1828.2 | 1300 |
| ATGL | 1828.2 | 610 |
| AUBANK | 1828.2 | 550 |
| AUROPHARMA | 1828.2 | 1160 |
| AXISBANK | 1828.2 | 1100 |
| BAJAJ-AUTO | 1828.2 | 8000 |
| BAJAJFINSV | 1828.2 | 1980 |
| BAJFINANCE | 1828.2 | 8900 |
| BALKRISIND | 1828.2 | 2580 |
| BANDHANBNK | 1828.2 | 150 |
| BANKBARODA | 1828.2 | 230 |
| BANKINDIA | 1828.2 | 107 |
| BEL | 1828.2 | 300 |
| BERGEPAINT | 1828.2 | 500 |
| BHARATFORG | 1828.2 | 1160 |
| BHARTIARTL | 1828.2 | 1700 |
| BHEL | 1828.2 | 220 |
| BIOCON | 1828.2 | 345 |
| BOSCHLTD | 1828.2 | 28000 |
| BPCL | 1828.2 | 280 |
| BRITANNIA | 1828.2 | 4900 |
| BSE | 1828.2 | 5100 |
| BSOFT | 1828.2 | 400 |
| CAMS | 1828.2 | 3700 |
| CANBK | 1828.2 | 90 |
| CDSL | 1828.2 | 1200 |
| CESC | 1828.2 | 155 |
| CGPOWER | 1828.2 | 650 |
| CHAMBLFERT | 1828.2 | 610 |
| CHOLAFIN | 1828.2 | 1520 |
| CIPLA | 1828.2 | 1480 |
| COALINDIA | 1828.2 | 410 |
| COFORGE | 1828.2 | 8000 |
| COLPAL | 1828.2 | 2400 |
| CONCOR | 1828.2 | 710 |
| CROMPTON | 1828.2 | 360 |
| CUMMINSIND | 1828.2 | 3050 |
| CYIENT | 1828.2 | 1300 |
| DABUR | 1828.2 | 510 |
| DALBHARAT | 1828.2 | 1800 |
| DEEPAKNTR | 1828.2 | 2000 |
| DELHIVERY | 1828.2 | 260 |
| DIVISLAB | 1828.2 | 5800 |
| DIXON | 1828.2 | 13500 |
| DLF | 1828.2 | 700 |
| DMART | 1828.2 | 4050 |
| DRREDDY | 1828.2 | 1150 |
| EICHERMOT | 1828.2 | 5400 |
| ESCORTS | 1828.2 | 3300 |
| EXIDEIND | 1828.2 | 370 |
| FEDERALBNK | 1828.2 | 195 |
| GAIL | 1828.2 | 182.5 |
| GLENMARK | 1828.2 | 1500 |
| GMRAIRPORT | 1828.2 | 77 |
| GODREJCP | 1828.2 | 1140 |
| GODREJPROP | 1828.2 | 2150 |
| GOLDM | 1828.2 | 89000 |
| GRANULES | 1828.2 | 500 |
| GRASIM | 1828.2 | 2580 |
| HAL | 1828.2 | 4150 |
| HAVELLS | 1828.2 | 1500 |
| HCLTECH | 1828.2 | 1600 |
| HDFCAMC | 1828.2 | 4100 |
| HDFCBANK | 1828.2 | 1800 |
| HDFCLIFE | 1828.2 | 680 |
| HEROMOTOCO | 1828.2 | 3750 |
| HFCL | 1828.2 | 82.5 |
| HINDALCO | 1828.2 | 690 |
| HINDCOPPER | 1828.2 | 230 |
| HINDPETRO | 1828.2 | 360 |
| HINDUNILVR | 1828.2 | 2300 |
| HUDCO | 1828.2 | 200 |
| ICICIBANK | 1828.2 | 1340 |
| ICICIGI | 1828.2 | 1800 |
| ICICIPRULI | 1828.2 | 580 |
| IDEA | 1828.2 | 8 |
| IDFCFIRSTB | 1828.2 | 58 |
| IEX | 1828.2 | 180 |
| IGL | 1828.2 | 200 |
| IIFL | 1828.2 | 330 |
| INDHOTEL | 1828.2 | 800 |
| INDIANB | 1828.2 | 550 |
| INDIGO | 1828.2 | 5000 |
| INDUSINDBK | 1828.2 | 670 |
| INDUSTOWER | 1828.2 | 350 |
| INFY | 1828.2 | 1600 |
| IOC | 1828.2 | 132.5 |
| IRB | 1828.2 | 46 |
| IRCTC | 1828.2 | 740 |
| IREDA | 1828.2 | 152.5 |
| IRFC | 1828.2 | 125 |
| ITC | 1828.2 | 410 |
| JINDALSTEL | 1828.2 | 920 |
| JIOFIN | 1828.2 | 230 |
| JSL | 1828.2 | 600 |
| JSWENERGY | 1828.2 | 550 |
| JSWSTEEL | 1828.2 | 1050 |
| JUBLFOOD | 1828.2 | 660 |
| KALYANKJIL | 1828.2 | 480 |
| KEI | 1828.2 | 2900 |
| KOTAKBANK | 1828.2 | 2120 |
| KPITTECH | 1828.2 | 1300 |
| LAURUSLABS | 1828.2 | 610 |
| LICHSGFIN | 1828.2 | 570 |
| LICI | 1828.2 | 800 |
| LODHA | 1828.2 | 1200 |
| LT | 1828.2 | 3500 |
| LTF | 1828.2 | 150 |
| LTIM | 1828.2 | 4600 |
| LUPIN | 1828.2 | 2040 |
| M&M | 1828.2 | 2700 |
| M&MFIN | 1828.2 | 290 |
| MANAPPURAM | 1828.2 | 230 |
| MARICO | 1828.2 | 640 |
| MARUTI | 1828.2 | 11700 |
| MAXHEALTH | 1828.2 | 1120 |
| MCX | 1828.2 | 5400 |
| MFSL | 1828.2 | 1140 |
| MGL | 1828.2 | 1380 |
| MOTHERSON | 1828.2 | 135 |
| MPHASIS | 1828.2 | 2500 |
| MRF | 1828.2 | 115000 |
| MUTHOOTFIN | 1828.2 | 2200 |
| NATIONALUM | 1828.2 | 185 |
| NAUKRI | 1828.2 | 7100 |
| NBCC | 1828.2 | 82.5 |
| NCC | 1828.2 | 210 |
| NESTLEIND | 1828.2 | 2260 |
| NHPC | 1828.2 | 84 |
| NMDC | 1828.2 | 69 |
| NTPC | 1828.2 | 360 |
| NYKAA | 1828.2 | 175 |
| OBEROIRLTY | 1828.2 | 1640 |
| OFSS | 1828.2 | 8000 |
| OIL | 1828.2 | 390 |
| ONGC | 1828.2 | 250 |
| PAGEIND | 1828.2 | 43000 |
| PATANJALI | 1828.2 | 1800 |
| PAYTM | 1828.2 | 780 |
| PEL | 1828.2 | 1000 |
| PERSISTENT | 1828.2 | 5500 |
| PETRONET | 1828.2 | 300 |
| PFC | 1828.2 | 420 |
| PHOENIXLTD | 1828.2 | 1600 |
| PIDILITIND | 1828.2 | 2840 |
| PIIND | 1828.2 | 3500 |
| PNB | 1828.2 | 97 |
| POLICYBZR | 1828.2 | 1600 |
| POLYCAB | 1828.2 | 5100 |
| POONAWALLA | 1828.2 | 335 |
| POWERGRID | 1828.2 | 295 |
| PRESTIGE | 1828.2 | 1200 |
| RAMCOCEM | 1828.2 | 900 |
| RBLBANK | 1828.2 | 175 |
| RECLTD | 1828.2 | 440 |
| RELIANCE | 1828.2 | 1300 |
| SAIL | 1828.2 | 120 |
| SBICARD | 1828.2 | 865 |
| SBILIFE | 1828.2 | 1540 |
| SBIN | 1828.2 | 780 |
| SHREECEM | 1828.2 | 30500 |
| SHRIRAMFIN | 1828.2 | 660 |
| SIEMENS | 1828.2 | 5300 |
| SILVER | 1828.2 | 98000 |
| SJVN | 1828.2 | 95 |
| SOLARINDS | 1828.2 | 11000 |
| SONACOMS | 1828.2 | 460 |
| SRF | 1828.2 | 2960 |
| SUNPHARMA | 1828.2 | 1740 |
| SUPREMEIND | 1828.2 | 3500 |
| SYNGENE | 1828.2 | 720 |
| TATACHEM | 1828.2 | 880 |
| TATACOMM | 1828.2 | 1600 |
| TATACONSUM | 1828.2 | 1000 |
| TATAELXSI | 1828.2 | 5300 |
| TATAMOTORS | 1828.2 | 700 |
| TATAPOWER | 1828.2 | 400 |
| TATASTEEL | 1828.2 | 156 |
| TATATECH | 1828.2 | 680 |
| TCS | 1828.2 | 3660 |
| TECHM | 1828.2 | 1440 |
| TIINDIA | 1828.2 | 2800 |
| TITAGARH | 1828.2 | 800 |
| TITAN | 1828.2 | 3100 |
| TORNTPHARM | 1828.2 | 3250 |
| TORNTPOWER | 1828.2 | 1500 |
| TRENT | 1828.2 | 5400 |
| TVSMOTOR | 1828.2 | 2440 |
| ULTRACEMCO | 1828.2 | 11400 |
| UNIONBANK | 1828.2 | 125 |
| UNITDSPR | 1828.2 | 1400 |
| UPL | 1828.2 | 640 |
| VBL | 1828.2 | 520 |
| VEDL | 1828.2 | 470 |
| VOLTAS | 1828.2 | 1440 |
| WIPRO | 1828.2 | 267.5 |
| YESBANK | 1828.2 | 17 |
| ZOMATO | 1828.2 | 210 |
| ZYDUSLIFE | 1828.2 | 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.
