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HDFCBANK
HDFC BANK LTD

1492.6 33.40 (2.29%)

Max pain for HDFCBANK

23 May 2024 04:06 PM IST

Max Pain for HDFCBANK is 1480  



Strike  1200  has a total call value of 0  versus a total put value of  651,537,150,000 Combined total value = 651,537,150,000

Strike  1210  has a total call value of 0  versus a total put value of  627,047,300,000 Combined total value = 627,047,300,000

Strike  1220  has a total call value of 0  versus a total put value of  602,557,450,000 Combined total value = 602,557,450,000

Strike  1230  has a total call value of 0  versus a total put value of  578,067,600,000 Combined total value = 578,067,600,000

Strike  1240  has a total call value of 0  versus a total put value of  553,577,750,000 Combined total value = 553,577,750,000

Strike  1250  has a total call value of 0  versus a total put value of  529,087,900,000 Combined total value = 529,087,900,000

Strike  1260  has a total call value of 0  versus a total put value of  504,598,050,000 Combined total value = 504,598,050,000

Strike  1270  has a total call value of 0  versus a total put value of  480,156,050,000 Combined total value = 480,156,050,000

Strike  1280  has a total call value of 0  versus a total put value of  455,714,050,000 Combined total value = 455,714,050,000

Strike  1290  has a total call value of 0  versus a total put value of  431,501,950,000 Combined total value = 431,501,950,000

Strike  1300  has a total call value of 0  versus a total put value of  407,289,850,000 Combined total value = 407,289,850,000

Strike  1310  has a total call value of 29,150,000  versus a total put value of  383,856,550,000 Combined total value = 383,885,700,000

Strike  1320  has a total call value of 58,300,000  versus a total put value of  360,423,250,000 Combined total value = 360,481,550,000

Strike  1330  has a total call value of 87,450,000  versus a total put value of  337,334,250,000 Combined total value = 337,421,700,000

Strike  1340  has a total call value of 116,600,000  versus a total put value of  314,292,000,000 Combined total value = 314,408,600,000

Strike  1350  has a total call value of 145,750,000  versus a total put value of  291,549,500,000 Combined total value = 291,695,250,000

Strike  1360  has a total call value of 201,850,000  versus a total put value of  269,702,400,000 Combined total value = 269,904,250,000

Strike  1370  has a total call value of 257,950,000  versus a total put value of  248,283,750,000 Combined total value = 248,541,700,000

Strike  1380  has a total call value of 314,050,000  versus a total put value of  227,028,450,000 Combined total value = 227,342,500,000

Strike  1390  has a total call value of 370,150,000  versus a total put value of  206,205,450,000 Combined total value = 206,575,600,000

Strike  1400  has a total call value of 485,100,000  versus a total put value of  185,578,800,000 Combined total value = 186,063,900,000

Strike  1410  has a total call value of 1,135,200,000  versus a total put value of  167,403,500,000 Combined total value = 168,538,700,000

Strike  1420  has a total call value of 1,819,950,000  versus a total put value of  149,636,850,000 Combined total value = 151,456,800,000

Strike  1430  has a total call value of 2,666,400,000  versus a total put value of  132,542,300,000 Combined total value = 135,208,700,000

Strike  1440  has a total call value of 3,616,250,000  versus a total put value of  116,134,150,000 Combined total value = 119,750,400,000

Strike  1450  has a total call value of 4,789,400,000  versus a total put value of  100,923,350,000 Combined total value = 105,712,750,000

Strike  1460  has a total call value of 6,912,400,000  versus a total put value of  88,137,500,000 Combined total value = 95,049,900,000

Strike  1470  has a total call value of 10,651,850,000  versus a total put value of  76,996,700,000 Combined total value = 87,648,550,000

Strike  1480  has a total call value of 17,469,100,000  versus a total put value of  67,140,700,000 Combined total value = 84,609,800,000

Strike  1490  has a total call value of 26,869,700,000  versus a total put value of  58,453,450,000 Combined total value = 85,323,150,000

Strike  1500  has a total call value of 37,483,050,000  versus a total put value of  50,132,500,000 Combined total value = 87,615,550,000

Strike  1510  has a total call value of 53,848,300,000  versus a total put value of  44,237,600,000 Combined total value = 98,085,900,000

Strike  1520  has a total call value of 71,907,550,000  versus a total put value of  38,782,700,000 Combined total value = 110,690,250,000

Strike  1530  has a total call value of 92,720,650,000  versus a total put value of  33,947,650,000 Combined total value = 126,668,300,000

Strike  1540  has a total call value of 116,251,300,000  versus a total put value of  29,426,100,000 Combined total value = 145,677,400,000

Strike  1550  has a total call value of 142,143,650,000  versus a total put value of  25,266,450,000 Combined total value = 167,410,100,000

Strike  1560  has a total call value of 172,339,750,000  versus a total put value of  21,826,200,000 Combined total value = 194,165,950,000

Strike  1570  has a total call value of 204,042,300,000  versus a total put value of  18,628,500,000 Combined total value = 222,670,800,000

Strike  1580  has a total call value of 239,338,000,000  versus a total put value of  15,732,200,000 Combined total value = 255,070,200,000

Strike  1590  has a total call value of 275,348,700,000  versus a total put value of  13,190,100,000 Combined total value = 288,538,800,000

Strike  1600  has a total call value of 311,758,150,000  versus a total put value of  10,751,400,000 Combined total value = 322,509,550,000

Strike  1610  has a total call value of 352,899,800,000  versus a total put value of  9,375,850,000 Combined total value = 362,275,650,000

Strike  1620  has a total call value of 394,323,600,000  versus a total put value of  8,000,300,000 Combined total value = 402,323,900,000

Strike  1630  has a total call value of 436,325,450,000  versus a total put value of  6,872,800,000 Combined total value = 443,198,250,000

Strike  1640  has a total call value of 478,441,700,000  versus a total put value of  5,745,300,000 Combined total value = 484,187,000,000

Strike  1650  has a total call value of 520,856,050,000  versus a total put value of  4,765,200,000 Combined total value = 525,621,250,000

Strike  1660  has a total call value of 564,067,900,000  versus a total put value of  3,820,300,000 Combined total value = 567,888,200,000

Strike  1670  has a total call value of 607,624,600,000  versus a total put value of  2,898,500,000 Combined total value = 610,523,100,000

Strike  1680  has a total call value of 651,298,450,000  versus a total put value of  1,976,700,000 Combined total value = 653,275,150,000

Strike  1690  has a total call value of 695,344,650,000  versus a total put value of  1,054,900,000 Combined total value = 696,399,550,000

Strike  1700  has a total call value of 739,390,850,000  versus a total put value of  133,100,000 Combined total value = 739,523,950,000

Strike  1710  has a total call value of 785,610,650,000  versus a total put value of  66,550,000 Combined total value = 785,677,200,000

Strike  1720  has a total call value of 831,830,450,000  versus a total put value of  0 Combined total value = 831,830,450,000

Strike  1730  has a total call value of 878,617,300,000  versus a total put value of  0 Combined total value = 878,617,300,000

Strike  1740  has a total call value of 925,404,150,000  versus a total put value of  0 Combined total value = 925,404,150,000

Strike  1750  has a total call value of 972,342,800,000  versus a total put value of  0 Combined total value = 972,342,800,000

Strike  1760  has a total call value of 1,019,281,450,000  versus a total put value of  0 Combined total value = 1,019,281,450,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.