HDFCBANK
HDFC BANK LTD
Max pain for HDFCBANK
02 Jul 2024 11:13 AM IST
Max Pain for HDFCBANK is 1700
Strike 1280 has a total call value of 0 versus a total put value of 760,104,950,000 Combined total value = 760,104,950,000
Strike 1290 has a total call value of 0 versus a total put value of 738,176,450,000 Combined total value = 738,176,450,000
Strike 1300 has a total call value of 0 versus a total put value of 716,247,950,000 Combined total value = 716,247,950,000
Strike 1310 has a total call value of 0 versus a total put value of 694,319,450,000 Combined total value = 694,319,450,000
Strike 1320 has a total call value of 0 versus a total put value of 672,390,950,000 Combined total value = 672,390,950,000
Strike 1330 has a total call value of 0 versus a total put value of 650,462,450,000 Combined total value = 650,462,450,000
Strike 1340 has a total call value of 0 versus a total put value of 628,533,950,000 Combined total value = 628,533,950,000
Strike 1350 has a total call value of 0 versus a total put value of 606,605,450,000 Combined total value = 606,605,450,000
Strike 1360 has a total call value of 0 versus a total put value of 584,676,950,000 Combined total value = 584,676,950,000
Strike 1370 has a total call value of 0 versus a total put value of 562,748,450,000 Combined total value = 562,748,450,000
Strike 1380 has a total call value of 0 versus a total put value of 540,819,950,000 Combined total value = 540,819,950,000
Strike 1390 has a total call value of 0 versus a total put value of 518,916,750,000 Combined total value = 518,916,750,000
Strike 1400 has a total call value of 0 versus a total put value of 497,013,550,000 Combined total value = 497,013,550,000
Strike 1410 has a total call value of 0 versus a total put value of 475,386,450,000 Combined total value = 475,386,450,000
Strike 1420 has a total call value of 0 versus a total put value of 453,759,350,000 Combined total value = 453,759,350,000
Strike 1430 has a total call value of 0 versus a total put value of 432,139,400,000 Combined total value = 432,139,400,000
Strike 1440 has a total call value of 0 versus a total put value of 410,519,450,000 Combined total value = 410,519,450,000
Strike 1450 has a total call value of 0 versus a total put value of 388,930,300,000 Combined total value = 388,930,300,000
Strike 1460 has a total call value of 0 versus a total put value of 367,513,300,000 Combined total value = 367,513,300,000
Strike 1470 has a total call value of 0 versus a total put value of 346,144,700,000 Combined total value = 346,144,700,000
Strike 1480 has a total call value of 0 versus a total put value of 324,776,100,000 Combined total value = 324,776,100,000
Strike 1490 has a total call value of 6,050,000 versus a total put value of 303,446,550,000 Combined total value = 303,452,600,000
Strike 1500 has a total call value of 12,100,000 versus a total put value of 282,128,550,000 Combined total value = 282,140,650,000
Strike 1510 has a total call value of 273,900,000 versus a total put value of 262,634,350,000 Combined total value = 262,908,250,000
Strike 1520 has a total call value of 535,700,000 versus a total put value of 243,195,150,000 Combined total value = 243,730,850,000
Strike 1530 has a total call value of 797,500,000 versus a total put value of 225,147,450,000 Combined total value = 225,944,950,000
Strike 1540 has a total call value of 1,059,300,000 versus a total put value of 207,292,250,000 Combined total value = 208,351,550,000
Strike 1550 has a total call value of 1,321,100,000 versus a total put value of 189,676,300,000 Combined total value = 190,997,400,000
Strike 1560 has a total call value of 1,759,450,000 versus a total put value of 173,475,500,000 Combined total value = 175,234,950,000
Strike 1570 has a total call value of 2,197,800,000 versus a total put value of 157,698,750,000 Combined total value = 159,896,550,000
Strike 1580 has a total call value of 2,636,150,000 versus a total put value of 142,029,800,000 Combined total value = 144,665,950,000
Strike 1590 has a total call value of 3,131,150,000 versus a total put value of 126,806,350,000 Combined total value = 129,937,500,000
Strike 1600 has a total call value of 3,626,150,000 versus a total put value of 111,737,450,000 Combined total value = 115,363,600,000
Strike 1610 has a total call value of 5,439,500,000 versus a total put value of 99,328,350,000 Combined total value = 104,767,850,000
Strike 1620 has a total call value of 7,317,750,000 versus a total put value of 87,138,150,000 Combined total value = 94,455,900,000
Strike 1630 has a total call value of 9,381,900,000 versus a total put value of 75,551,850,000 Combined total value = 84,933,750,000
Strike 1640 has a total call value of 11,531,850,000 versus a total put value of 64,318,100,000 Combined total value = 75,849,950,000
Strike 1650 has a total call value of 13,893,550,000 versus a total put value of 53,767,450,000 Combined total value = 67,661,000,000
Strike 1660 has a total call value of 17,370,100,000 versus a total put value of 44,869,000,000 Combined total value = 62,239,100,000
Strike 1670 has a total call value of 21,200,300,000 versus a total put value of 36,590,400,000 Combined total value = 57,790,700,000
Strike 1680 has a total call value of 25,465,550,000 versus a total put value of 29,173,100,000 Combined total value = 54,638,650,000
Strike 1690 has a total call value of 30,246,700,000 versus a total put value of 22,448,250,000 Combined total value = 52,694,950,000
Strike 1700 has a total call value of 35,292,950,000 versus a total put value of 16,184,850,000 Combined total value = 51,477,800,000
Strike 1710 has a total call value of 47,441,900,000 versus a total put value of 12,824,900,000 Combined total value = 60,266,800,000
Strike 1720 has a total call value of 60,934,500,000 versus a total put value of 10,046,300,000 Combined total value = 70,980,800,000
Strike 1730 has a total call value of 79,113,650,000 versus a total put value of 8,028,900,000 Combined total value = 87,142,550,000
Strike 1740 has a total call value of 98,901,550,000 versus a total put value of 6,390,450,000 Combined total value = 105,292,000,000
Strike 1750 has a total call value of 119,882,400,000 versus a total put value of 4,956,600,000 Combined total value = 124,839,000,000
Strike 1760 has a total call value of 144,656,050,000 versus a total put value of 4,015,000,000 Combined total value = 148,671,050,000
Strike 1770 has a total call value of 170,138,100,000 versus a total put value of 3,131,700,000 Combined total value = 173,269,800,000
Strike 1780 has a total call value of 196,203,150,000 versus a total put value of 2,323,750,000 Combined total value = 198,526,900,000
Strike 1790 has a total call value of 223,007,400,000 versus a total put value of 1,587,300,000 Combined total value = 224,594,700,000
Strike 1800 has a total call value of 250,056,950,000 versus a total put value of 871,750,000 Combined total value = 250,928,700,000
Strike 1810 has a total call value of 280,727,150,000 versus a total put value of 735,900,000 Combined total value = 281,463,050,000
Strike 1820 has a total call value of 311,555,750,000 versus a total put value of 623,700,000 Combined total value = 312,179,450,000
Strike 1830 has a total call value of 342,958,550,000 versus a total put value of 511,500,000 Combined total value = 343,470,050,000
Strike 1840 has a total call value of 374,553,850,000 versus a total put value of 404,800,000 Combined total value = 374,958,650,000
Strike 1850 has a total call value of 406,879,000,000 versus a total put value of 318,450,000 Combined total value = 407,197,450,000
Strike 1860 has a total call value of 439,204,150,000 versus a total put value of 232,100,000 Combined total value = 439,436,250,000
Strike 1870 has a total call value of 472,040,250,000 versus a total put value of 157,850,000 Combined total value = 472,198,100,000
Strike 1880 has a total call value of 504,876,350,000 versus a total put value of 83,600,000 Combined total value = 504,959,950,000
Strike 1890 has a total call value of 538,119,450,000 versus a total put value of 41,800,000 Combined total value = 538,161,250,000
Strike 1900 has a total call value of 571,362,550,000 versus a total put value of 0 Combined total value = 571,362,550,000
Strike 1910 has a total call value of 606,361,250,000 versus a total put value of 0 Combined total value = 606,361,250,000
Strike 1920 has a total call value of 641,359,950,000 versus a total put value of 0 Combined total value = 641,359,950,000
Strike 1930 has a total call value of 677,850,800,000 versus a total put value of 0 Combined total value = 677,850,800,000
Strike 1940 has a total call value of 714,341,650,000 versus a total put value of 0 Combined total value = 714,341,650,000
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.