HDFCBANK
Hdfc Bank Ltd
Max pain for HDFCBANK
15 Jan 2025 04:12 PM IST
Max Pain for HDFCBANK is 1700
Strike 1400 has a total call value of 0 versus a total put value of 663,654,750,000 Combined total value = 663,654,750,000
Strike 1420 has a total call value of 0 versus a total put value of 614,473,750,000 Combined total value = 614,473,750,000
Strike 1440 has a total call value of 0 versus a total put value of 565,292,750,000 Combined total value = 565,292,750,000
Strike 1450 has a total call value of 0 versus a total put value of 540,771,000,000 Combined total value = 540,771,000,000
Strike 1460 has a total call value of 0 versus a total put value of 516,249,250,000 Combined total value = 516,249,250,000
Strike 1470 has a total call value of 0 versus a total put value of 491,841,350,000 Combined total value = 491,841,350,000
Strike 1480 has a total call value of 0 versus a total put value of 467,433,450,000 Combined total value = 467,433,450,000
Strike 1490 has a total call value of 0 versus a total put value of 443,532,650,000 Combined total value = 443,532,650,000
Strike 1500 has a total call value of 0 versus a total put value of 419,631,850,000 Combined total value = 419,631,850,000
Strike 1510 has a total call value of 222,200,000 versus a total put value of 396,430,100,000 Combined total value = 396,652,300,000
Strike 1520 has a total call value of 444,400,000 versus a total put value of 373,228,350,000 Combined total value = 373,672,750,000
Strike 1530 has a total call value of 666,600,000 versus a total put value of 350,691,000,000 Combined total value = 351,357,600,000
Strike 1540 has a total call value of 888,800,000 versus a total put value of 328,153,650,000 Combined total value = 329,042,450,000
Strike 1550 has a total call value of 1,134,100,000 versus a total put value of 306,293,900,000 Combined total value = 307,428,000,000
Strike 1560 has a total call value of 1,379,400,000 versus a total put value of 284,434,150,000 Combined total value = 285,813,550,000
Strike 1570 has a total call value of 1,692,350,000 versus a total put value of 264,924,000,000 Combined total value = 266,616,350,000
Strike 1580 has a total call value of 2,005,300,000 versus a total put value of 245,413,850,000 Combined total value = 247,419,150,000
Strike 1590 has a total call value of 2,350,150,000 versus a total put value of 226,855,750,000 Combined total value = 229,205,900,000
Strike 1600 has a total call value of 2,695,000,000 versus a total put value of 208,297,650,000 Combined total value = 210,992,650,000
Strike 1610 has a total call value of 3,426,500,000 versus a total put value of 191,409,350,000 Combined total value = 194,835,850,000
Strike 1620 has a total call value of 4,158,000,000 versus a total put value of 174,521,050,000 Combined total value = 178,679,050,000
Strike 1630 has a total call value of 5,201,350,000 versus a total put value of 158,700,300,000 Combined total value = 163,901,650,000
Strike 1640 has a total call value of 6,244,700,000 versus a total put value of 142,879,550,000 Combined total value = 149,124,250,000
Strike 1650 has a total call value of 8,116,350,000 versus a total put value of 128,274,850,000 Combined total value = 136,391,200,000
Strike 1660 has a total call value of 11,216,150,000 versus a total put value of 115,014,350,000 Combined total value = 126,230,500,000
Strike 1670 has a total call value of 15,445,100,000 versus a total put value of 102,942,400,000 Combined total value = 118,387,500,000
Strike 1680 has a total call value of 20,616,200,000 versus a total put value of 91,638,800,000 Combined total value = 112,255,000,000
Strike 1690 has a total call value of 27,601,200,000 versus a total put value of 81,301,000,000 Combined total value = 108,902,200,000
Strike 1700 has a total call value of 35,286,350,000 versus a total put value of 71,373,500,000 Combined total value = 106,659,850,000
Strike 1710 has a total call value of 46,556,400,000 versus a total put value of 63,269,800,000 Combined total value = 109,826,200,000
Strike 1720 has a total call value of 58,826,350,000 versus a total put value of 55,491,700,000 Combined total value = 114,318,050,000
Strike 1730 has a total call value of 72,425,650,000 versus a total put value of 48,324,100,000 Combined total value = 120,749,750,000
Strike 1740 has a total call value of 86,972,050,000 versus a total put value of 41,589,900,000 Combined total value = 128,561,950,000
Strike 1750 has a total call value of 102,906,100,000 versus a total put value of 35,372,150,000 Combined total value = 138,278,250,000
Strike 1760 has a total call value of 121,482,900,000 versus a total put value of 30,314,350,000 Combined total value = 151,797,250,000
Strike 1770 has a total call value of 141,729,500,000 versus a total put value of 25,697,650,000 Combined total value = 167,427,150,000
Strike 1780 has a total call value of 163,068,400,000 versus a total put value of 21,430,200,000 Combined total value = 184,498,600,000
Strike 1790 has a total call value of 186,259,150,000 versus a total put value of 17,631,350,000 Combined total value = 203,890,500,000
Strike 1800 has a total call value of 210,227,050,000 versus a total put value of 14,203,200,000 Combined total value = 224,430,250,000
Strike 1810 has a total call value of 241,686,500,000 versus a total put value of 12,212,200,000 Combined total value = 253,898,700,000
Strike 1820 has a total call value of 274,101,300,000 versus a total put value of 10,536,350,000 Combined total value = 284,637,650,000
Strike 1830 has a total call value of 309,563,100,000 versus a total put value of 8,860,500,000 Combined total value = 318,423,600,000
Strike 1840 has a total call value of 346,702,400,000 versus a total put value of 7,509,700,000 Combined total value = 354,212,100,000
Strike 1850 has a total call value of 385,088,000,000 versus a total put value of 6,316,200,000 Combined total value = 391,404,200,000
Strike 1860 has a total call value of 425,833,100,000 versus a total put value of 5,391,100,000 Combined total value = 431,224,200,000
Strike 1870 has a total call value of 467,561,600,000 versus a total put value of 4,608,450,000 Combined total value = 472,170,050,000
Strike 1880 has a total call value of 509,742,750,000 versus a total put value of 3,825,800,000 Combined total value = 513,568,550,000
Strike 1890 has a total call value of 552,544,850,000 versus a total put value of 3,043,150,000 Combined total value = 555,588,000,000
Strike 1900 has a total call value of 595,878,250,000 versus a total put value of 2,260,500,000 Combined total value = 598,138,750,000
Strike 1910 has a total call value of 641,583,800,000 versus a total put value of 2,034,450,000 Combined total value = 643,618,250,000
Strike 1920 has a total call value of 687,600,650,000 versus a total put value of 1,808,400,000 Combined total value = 689,409,050,000
Strike 1930 has a total call value of 734,014,050,000 versus a total put value of 1,582,350,000 Combined total value = 735,596,400,000
Strike 1940 has a total call value of 780,680,450,000 versus a total put value of 1,356,300,000 Combined total value = 782,036,750,000
Strike 1950 has a total call value of 827,482,150,000 versus a total put value of 1,130,250,000 Combined total value = 828,612,400,000
Strike 1960 has a total call value of 874,702,950,000 versus a total put value of 904,200,000 Combined total value = 875,607,150,000
Strike 1970 has a total call value of 922,059,600,000 versus a total put value of 678,150,000 Combined total value = 922,737,750,000
Strike 1980 has a total call value of 969,501,500,000 versus a total put value of 452,100,000 Combined total value = 969,953,600,000
Strike 1990 has a total call value of 1,017,009,950,000 versus a total put value of 226,050,000 Combined total value = 1,017,236,000,000
Strike 2000 has a total call value of 1,064,602,000,000 versus a total put value of 0 Combined total value = 1,064,602,000,000
Strike 2010 has a total call value of 1,113,284,700,000 versus a total put value of 0 Combined total value = 1,113,284,700,000
Strike 2020 has a total call value of 1,161,967,400,000 versus a total put value of 0 Combined total value = 1,161,967,400,000
Strike 2030 has a total call value of 1,210,738,100,000 versus a total put value of 0 Combined total value = 1,210,738,100,000
Strike 2040 has a total call value of 1,259,508,800,000 versus a total put value of 0 Combined total value = 1,259,508,800,000
Strike 2050 has a total call value of 1,308,329,000,000 versus a total put value of 0 Combined total value = 1,308,329,000,000
Strike 2060 has a total call value of 1,357,149,200,000 versus a total put value of 0 Combined total value = 1,357,149,200,000
Strike 2070 has a total call value of 1,405,969,400,000 versus a total put value of 0 Combined total value = 1,405,969,400,000
Strike 2080 has a total call value of 1,454,789,600,000 versus a total put value of 0 Combined total value = 1,454,789,600,000
Strike 2090 has a total call value of 1,503,609,800,000 versus a total put value of 0 Combined total value = 1,503,609,800,000
Strike 2100 has a total call value of 1,552,430,000,000 versus a total put value of 0 Combined total value = 1,552,430,000,000
Strike 2110 has a total call value of 1,601,424,000,000 versus a total put value of 0 Combined total value = 1,601,424,000,000
Strike 2120 has a total call value of 1,650,418,000,000 versus a total put value of 0 Combined total value = 1,650,418,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 429.75 | 420 |
| ABB | 6193.75 | 6500 |
| ABBOTINDIA | 27745.7 | 28500 |
| ABCAPITAL | 173.79 | 180 |
| ABFRL | 265.6 | 275 |
| ACC | 1969.65 | 2080 |
| ADANIENSOL | 780.15 | 780 |
| ADANIENT | 2388.15 | 2500 |
| ADANIGREEN | 1035.05 | 1000 |
| ADANIPORTS | 1128.9 | 1180 |
| ALKEM | 5201.5 | 5400 |
| AMBUJACEM | 519.3 | 530 |
| ANGELONE | 2497.35 | 2500 |
| APLAPOLLO | 1513.3 | 1520 |
| APOLLOHOSP | 6691.85 | 7000 |
| APOLLOTYRE | 454.75 | 470 |
| ASHOKLEY | 206.68 | 220 |
| ASIANPAINT | 2229.7 | 2300 |
| ASTRAL | 1476.35 | 1600 |
| ATGL | 662.25 | 660 |
| ATUL | 6755.5 | 6900 |
| AUBANK | 586.95 | 565 |
| AUROPHARMA | 1147.55 | 1220 |
| AXISBANK | 1026.8 | 1060 |
| BAJAJ-AUTO | 8578 | 8800 |
| BAJAJFINSV | 1671.65 | 1640 |
| BAJFINANCE | 7177.4 | 7200 |
| BALKRISIND | 2680.3 | 2800 |
| BANDHANBNK | 148.28 | 160 |
| BANKBARODA | 222.02 | 240 |
| BANKINDIA | 96.13 | 98 |
| BATAINDIA | 1308.55 | 1360 |
| BEL | 267.85 | 280 |
| BERGEPAINT | 464.4 | 460 |
| BHARATFORG | 1183.55 | 1240 |
| BHARTIARTL | 1607.45 | 1600 |
| BHEL | 202.16 | 215 |
| BIOCON | 382.05 | 375 |
| BOSCHLTD | 31463.95 | 33000 |
| BPCL | 267 | 280 |
| BRITANNIA | 4877 | 4850 |
| BSE | 5786 | 5500 |
| BSOFT | 527.05 | 550 |
| CAMS | 4305.4 | 4500 |
| CANBK | 94.69 | 99 |
| CANFINHOME | 673.15 | 690 |
| CDSL | 1602.9 | 1680 |
| CESC | 154.09 | 155 |
| CGPOWER | 610.3 | 650 |
| CHAMBLFERT | 485.3 | 500 |
| CHOLAFIN | 1253.85 | 1260 |
| CIPLA | 1447.2 | 1500 |
| COALINDIA | 374.6 | 385 |
| COFORGE | 8583.35 | 9000 |
| COLPAL | 2664.75 | 2750 |
| CONCOR | 759.15 | 780 |
| COROMANDEL | 1825.15 | 1880 |
| CROMPTON | 364.85 | 370 |
| CUB | 168.86 | 170 |
| CUMMINSIND | 2888.3 | 3100 |
| CYIENT | 1717.05 | 1720 |
| DABUR | 515.5 | 515 |
| DALBHARAT | 1737 | 1740 |
| DEEPAKNTR | 2361.1 | 2450 |
| DELHIVERY | 324.85 | 335 |
| DIVISLAB | 5876.85 | 5900 |
| DIXON | 16919.65 | 17000 |
| DLF | 734.8 | 760 |
| DMART | 3568.45 | 3700 |
| DRREDDY | 1337.2 | 1350 |
| EICHERMOT | 5081.9 | 5000 |
| ESCORTS | 3478.75 | 3350 |
| EXIDEIND | 382 | 405 |
| FEDERALBNK | 194.14 | 197.5 |
| GAIL | 177.94 | 187.5 |
| GLENMARK | 1477.25 | 1540 |
| GMRAIRPORT | 74.32 | 79 |
| GMRINFRA | 0 | 32 |
| GNFC | 533.3 | 550 |
| GODREJCP | 1128.75 | 1130 |
| GODREJPROP | 2306.9 | 2500 |
| GRANULES | 573.2 | 590 |
| GRASIM | 2317.55 | 2460 |
| GUJGASLTD | 490.9 | 495 |
| HAL | 3822.8 | 4100 |
| HAVELLS | 1526.95 | 1560 |
| HCLTECH | 1825.7 | 1840 |
| HDFCAMC | 4047.5 | 4000 |
| HDFCBANK | 1643.05 | 1700 |
| HDFCLIFE | 594.2 | 610 |
| HEROMOTOCO | 4111.9 | 4200 |
| HFCL | 97.19 | 105 |
| HINDALCO | 591.55 | 600 |
| HINDCOPPER | 220.82 | 250 |
| HINDPETRO | 363.25 | 380 |
| HINDUNILVR | 2373 | 2400 |
| HUDCO | 214.97 | 220 |
| ICICIBANK | 1238.25 | 1270 |
| ICICIGI | 1894.55 | 1860 |
| ICICIPRULI | 633.05 | 650 |
| IDEA | 8.76 | 8 |
| IDFCFIRSTB | 62.02 | 64 |
| IEX | 167.77 | 175 |
| IGL | 402.15 | 410 |
| INDHOTEL | 811.4 | 810 |
| INDIAMART | 2209.65 | 2300 |
| INDIANB | 502.85 | 520 |
| INDIGO | 4066 | 4250 |
| INDUSINDBK | 962.45 | 980 |
| INDUSTOWER | 351.8 | 345 |
| INFY | 1949.65 | 1940 |
| IOC | 126.95 | 135 |
| IPCALAB | 1565.55 | 1600 |
| IRB | 51.13 | 54 |
| IRCTC | 759.55 | 790 |
| IRFC | 137.56 | 135 |
| ITC | 437.35 | 445 |
| JINDALSTEL | 910.25 | 930 |
| JIOFIN | 272.4 | 280 |
| JKCEMENT | 4457.7 | 4500 |
| JSL | 615.05 | 640 |
| JSWENERGY | 561.5 | 570 |
| JSWSTEEL | 904.05 | 920 |
| JUBLFOOD | 700 | 730 |
| KALYANKJIL | 555.1 | 600 |
| KEI | 4068.35 | 4200 |
| KOTAKBANK | 1789.6 | 1800 |
| KPITTECH | 1342.1 | 1400 |
| LALPATHLAB | 2771.45 | 2900 |
| LAURUSLABS | 556.9 | 580 |
| LICHSGFIN | 552.95 | 590 |
| LICI | 836.05 | 850 |
| LODHA | 1124.95 | 1200 |
| LT | 3501.4 | 3600 |
| LTF | 140.07 | 140 |
| LTIM | 5837.55 | 5800 |
| LTTS | 4851.75 | 4800 |
| LUPIN | 2128.7 | 2240 |
| M&M | 2960.25 | 3050 |
| M&MFIN | 267.85 | 270 |
| MANAPPURAM | 180.02 | 185 |
| MARICO | 659.75 | 650 |
| MARUTI | 11947.4 | 11700 |
| MAXHEALTH | 1039.05 | 1120 |
| MCX | 5957.05 | 6000 |
| METROPOLIS | 1877.65 | 2000 |
| MFSL | 1034.65 | 1080 |
| MGL | 1291.25 | 1280 |
| MOTHERSON | 149.41 | 155 |
| MPHASIS | 2779.75 | 2850 |
| MRF | 114227 | 117000 |
| MUTHOOTFIN | 2179.55 | 2160 |
| NATIONALUM | 195.21 | 210 |
| NAUKRI | 7455.15 | 7900 |
| NAVINFLUOR | 3714.4 | 3700 |
| NCC | 242.8 | 250 |
| NESTLEIND | 2199.65 | 2200 |
| NHPC | 77.18 | 78 |
| NMDC | 63.21 | 66.65 |
| NTPC | 321.35 | 325 |
| NYKAA | 172.77 | 170 |
| OBEROIRLTY | 2006.85 | 2080 |
| OFSS | 10550.35 | 11000 |
| OIL | 464.05 | 460 |
| ONGC | 258.18 | 257.5 |
| PAGEIND | 46037.2 | 47000 |
| PAYTM | 859.05 | 880 |
| PEL | 1018.05 | 1060 |
| PERSISTENT | 6111.25 | 6200 |
| PETRONET | 326.3 | 335 |
| PFC | 427.55 | 440 |
| PIDILITIND | 2802.75 | 2900 |
| PIIND | 3459.35 | 3500 |
| PNB | 98.25 | 101 |
| POLICYBZR | 1763.65 | 1850 |
| POLYCAB | 6450.8 | 6700 |
| POONAWALLA | 310.25 | 315 |
| POWERGRID | 298.65 | 310 |
| PRESTIGE | 1439.35 | 1550 |
| PVRINOX | 1084.55 | 1160 |
| RAMCOCEM | 879.15 | 930 |
| RBLBANK | 156.85 | 155 |
| RECLTD | 478.65 | 500 |
| RELIANCE | 1252.2 | 1250 |
| SAIL | 105.21 | 112.5 |
| SBICARD | 735.2 | 730 |
| SBILIFE | 1472.75 | 1440 |
| SBIN | 753.7 | 780 |
| SHREECEM | 25294.6 | 25750 |
| SHRIRAMFIN | 533.2 | 570 |
| SIEMENS | 5808.5 | 6200 |
| SJVN | 94.73 | 100 |
| SONACOMS | 570.95 | 570 |
| SRF | 2491.7 | 2540 |
| SUNPHARMA | 1756.85 | 1820 |
| SUNTV | 653.3 | 670 |
| SUPREMEIND | 4377 | 4500 |
| SYNGENE | 820.35 | 850 |
| TATACHEM | 961.95 | 1020 |
| TATACOMM | 1675.25 | 1740 |
| TATACONSUM | 955.55 | 950 |
| TATAELXSI | 6115.75 | 6100 |
| TATAMOTORS | 763.6 | 780 |
| TATAPOWER | 365.45 | 390 |
| TATASTEEL | 126.53 | 135 |
| TCS | 4249.6 | 4200 |
| TECHM | 1675.95 | 1680 |
| TIINDIA | 3297.8 | 3450 |
| TITAN | 3323.5 | 3400 |
| TORNTPHARM | 3215.05 | 3350 |
| TRENT | 6390.25 | 6600 |
| TVSMOTOR | 2250.5 | 2300 |
| UBL | 1948.3 | 1980 |
| ULTRACEMCO | 10521.65 | 11000 |
| UNIONBANK | 106.09 | 110 |
| UNITDSPR | 1410.9 | 1460 |
| UPL | 546.9 | 540 |
| VBL | 560.5 | 590 |
| VEDL | 435.25 | 450 |
| VOLTAS | 1625.15 | 1700 |
| WIPRO | 292.65 | 295 |
| YESBANK | 17.97 | 19 |
| ZOMATO | 243.9 | 245 |
| ZYDUSLIFE | 984.9 | 1000 |
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.
