HDFCBANK
Hdfc Bank Ltd
Max pain for HDFCBANK
18 Sep 2024 04:12 PM IST
Max Pain for HDFCBANK is 1660
Strike 1360 has a total call value of 0 versus a total put value of 619,129,500,000 Combined total value = 619,129,500,000
Strike 1370 has a total call value of 0 versus a total put value of 596,422,750,000 Combined total value = 596,422,750,000
Strike 1380 has a total call value of 0 versus a total put value of 573,716,000,000 Combined total value = 573,716,000,000
Strike 1390 has a total call value of 0 versus a total put value of 551,009,250,000 Combined total value = 551,009,250,000
Strike 1400 has a total call value of 0 versus a total put value of 528,302,500,000 Combined total value = 528,302,500,000
Strike 1410 has a total call value of 33,000,000 versus a total put value of 505,840,500,000 Combined total value = 505,873,500,000
Strike 1420 has a total call value of 66,000,000 versus a total put value of 483,378,500,000 Combined total value = 483,444,500,000
Strike 1430 has a total call value of 99,000,000 versus a total put value of 460,916,500,000 Combined total value = 461,015,500,000
Strike 1440 has a total call value of 132,000,000 versus a total put value of 438,454,500,000 Combined total value = 438,586,500,000
Strike 1450 has a total call value of 165,000,000 versus a total put value of 416,024,950,000 Combined total value = 416,189,950,000
Strike 1460 has a total call value of 198,000,000 versus a total put value of 393,595,400,000 Combined total value = 393,793,400,000
Strike 1470 has a total call value of 231,000,000 versus a total put value of 371,188,950,000 Combined total value = 371,419,950,000
Strike 1480 has a total call value of 264,000,000 versus a total put value of 348,782,500,000 Combined total value = 349,046,500,000
Strike 1490 has a total call value of 297,000,000 versus a total put value of 326,921,100,000 Combined total value = 327,218,100,000
Strike 1500 has a total call value of 330,000,000 versus a total put value of 305,081,150,000 Combined total value = 305,411,150,000
Strike 1510 has a total call value of 412,500,000 versus a total put value of 284,438,550,000 Combined total value = 284,851,050,000
Strike 1520 has a total call value of 495,000,000 versus a total put value of 263,810,800,000 Combined total value = 264,305,800,000
Strike 1530 has a total call value of 579,150,000 versus a total put value of 243,364,000,000 Combined total value = 243,943,150,000
Strike 1540 has a total call value of 663,300,000 versus a total put value of 223,038,750,000 Combined total value = 223,702,050,000
Strike 1550 has a total call value of 747,450,000 versus a total put value of 202,879,050,000 Combined total value = 203,626,500,000
Strike 1560 has a total call value of 993,300,000 versus a total put value of 183,401,900,000 Combined total value = 184,395,200,000
Strike 1570 has a total call value of 1,268,850,000 versus a total put value of 164,179,400,000 Combined total value = 165,448,250,000
Strike 1580 has a total call value of 1,544,400,000 versus a total put value of 145,222,550,000 Combined total value = 146,766,950,000
Strike 1590 has a total call value of 1,890,350,000 versus a total put value of 126,792,050,000 Combined total value = 128,682,400,000
Strike 1600 has a total call value of 2,275,350,000 versus a total put value of 108,604,100,000 Combined total value = 110,879,450,000
Strike 1610 has a total call value of 3,246,100,000 versus a total put value of 92,939,550,000 Combined total value = 96,185,650,000
Strike 1620 has a total call value of 4,529,800,000 versus a total put value of 77,817,850,000 Combined total value = 82,347,650,000
Strike 1630 has a total call value of 6,182,000,000 versus a total put value of 63,664,150,000 Combined total value = 69,846,150,000
Strike 1640 has a total call value of 8,285,750,000 versus a total put value of 50,574,150,000 Combined total value = 58,859,900,000
Strike 1650 has a total call value of 11,325,050,000 versus a total put value of 39,058,800,000 Combined total value = 50,383,850,000
Strike 1660 has a total call value of 16,541,800,000 versus a total put value of 29,900,750,000 Combined total value = 46,442,550,000
Strike 1670 has a total call value of 24,990,900,000 versus a total put value of 23,118,150,000 Combined total value = 48,109,050,000
Strike 1680 has a total call value of 35,036,100,000 versus a total put value of 17,428,950,000 Combined total value = 52,465,050,000
Strike 1690 has a total call value of 46,888,600,000 versus a total put value of 13,708,750,000 Combined total value = 60,597,350,000
Strike 1700 has a total call value of 60,069,350,000 versus a total put value of 10,858,100,000 Combined total value = 70,927,450,000
Strike 1710 has a total call value of 78,994,850,000 versus a total put value of 9,439,100,000 Combined total value = 88,433,950,000
Strike 1720 has a total call value of 98,895,500,000 versus a total put value of 8,202,150,000 Combined total value = 107,097,650,000
Strike 1730 has a total call value of 120,129,350,000 versus a total put value of 7,120,300,000 Combined total value = 127,249,650,000
Strike 1740 has a total call value of 142,076,550,000 versus a total put value of 6,149,550,000 Combined total value = 148,226,100,000
Strike 1750 has a total call value of 164,780,000,000 versus a total put value of 5,214,550,000 Combined total value = 169,994,550,000
Strike 1760 has a total call value of 189,082,850,000 versus a total put value of 4,481,400,000 Combined total value = 193,564,250,000
Strike 1770 has a total call value of 213,795,450,000 versus a total put value of 3,781,800,000 Combined total value = 217,577,250,000
Strike 1780 has a total call value of 238,945,300,000 versus a total put value of 3,082,200,000 Combined total value = 242,027,500,000
Strike 1790 has a total call value of 264,496,100,000 versus a total put value of 2,390,850,000 Combined total value = 266,886,950,000
Strike 1800 has a total call value of 290,121,150,000 versus a total put value of 1,699,500,000 Combined total value = 291,820,650,000
Strike 1810 has a total call value of 319,096,250,000 versus a total put value of 1,529,550,000 Combined total value = 320,625,800,000
Strike 1820 has a total call value of 348,071,350,000 versus a total put value of 1,359,600,000 Combined total value = 349,430,950,000
Strike 1830 has a total call value of 377,239,500,000 versus a total put value of 1,189,650,000 Combined total value = 378,429,150,000
Strike 1840 has a total call value of 406,407,650,000 versus a total put value of 1,019,700,000 Combined total value = 407,427,350,000
Strike 1850 has a total call value of 436,462,950,000 versus a total put value of 849,750,000 Combined total value = 437,312,700,000
Strike 1860 has a total call value of 466,518,250,000 versus a total put value of 679,800,000 Combined total value = 467,198,050,000
Strike 1870 has a total call value of 496,637,350,000 versus a total put value of 509,850,000 Combined total value = 497,147,200,000
Strike 1880 has a total call value of 526,756,450,000 versus a total put value of 339,900,000 Combined total value = 527,096,350,000
Strike 1890 has a total call value of 556,977,850,000 versus a total put value of 169,950,000 Combined total value = 557,147,800,000
Strike 1900 has a total call value of 587,199,250,000 versus a total put value of 0 Combined total value = 587,199,250,000
Strike 1910 has a total call value of 617,733,050,000 versus a total put value of 0 Combined total value = 617,733,050,000
Strike 1920 has a total call value of 648,266,850,000 versus a total put value of 0 Combined total value = 648,266,850,000
Strike 1930 has a total call value of 678,830,350,000 versus a total put value of 0 Combined total value = 678,830,350,000
Strike 1940 has a total call value of 709,393,850,000 versus a total put value of 0 Combined total value = 709,393,850,000
Strike 1950 has a total call value of 739,957,350,000 versus a total put value of 0 Combined total value = 739,957,350,000
Strike 1960 has a total call value of 770,520,850,000 versus a total put value of 0 Combined total value = 770,520,850,000
Strike 1970 has a total call value of 801,122,850,000 versus a total put value of 0 Combined total value = 801,122,850,000
Strike 1980 has a total call value of 831,724,850,000 versus a total put value of 0 Combined total value = 831,724,850,000
Strike 1990 has a total call value of 862,326,850,000 versus a total put value of 0 Combined total value = 862,326,850,000
Strike 2000 has a total call value of 892,928,850,000 versus a total put value of 0 Combined total value = 892,928,850,000
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.