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HDFCBANK
HDFC BANK LTD

1730.5 -38.15 (-2.16%)

Max pain for HDFCBANK

04 Jul 2024 12:43 PM IST

Max Pain for HDFCBANK is 1720  



Strike  1300  has a total call value of 0  versus a total put value of  1,063,671,400,000 Combined total value = 1,063,671,400,000

Strike  1310  has a total call value of 0  versus a total put value of  1,034,993,850,000 Combined total value = 1,034,993,850,000

Strike  1320  has a total call value of 0  versus a total put value of  1,006,316,300,000 Combined total value = 1,006,316,300,000

Strike  1330  has a total call value of 0  versus a total put value of  977,638,750,000 Combined total value = 977,638,750,000

Strike  1340  has a total call value of 0  versus a total put value of  948,961,200,000 Combined total value = 948,961,200,000

Strike  1350  has a total call value of 0  versus a total put value of  920,284,750,000 Combined total value = 920,284,750,000

Strike  1360  has a total call value of 0  versus a total put value of  891,608,300,000 Combined total value = 891,608,300,000

Strike  1370  has a total call value of 0  versus a total put value of  862,931,850,000 Combined total value = 862,931,850,000

Strike  1380  has a total call value of 0  versus a total put value of  834,255,400,000 Combined total value = 834,255,400,000

Strike  1390  has a total call value of 0  versus a total put value of  805,600,400,000 Combined total value = 805,600,400,000

Strike  1400  has a total call value of 0  versus a total put value of  776,945,400,000 Combined total value = 776,945,400,000

Strike  1410  has a total call value of 32,450,000  versus a total put value of  748,587,400,000 Combined total value = 748,619,850,000

Strike  1420  has a total call value of 64,900,000  versus a total put value of  720,229,400,000 Combined total value = 720,294,300,000

Strike  1430  has a total call value of 97,350,000  versus a total put value of  691,871,400,000 Combined total value = 691,968,750,000

Strike  1440  has a total call value of 129,800,000  versus a total put value of  663,533,200,000 Combined total value = 663,663,000,000

Strike  1450  has a total call value of 162,250,000  versus a total put value of  635,221,950,000 Combined total value = 635,384,200,000

Strike  1460  has a total call value of 194,700,000  versus a total put value of  607,065,250,000 Combined total value = 607,259,950,000

Strike  1470  has a total call value of 227,150,000  versus a total put value of  578,960,250,000 Combined total value = 579,187,400,000

Strike  1480  has a total call value of 259,600,000  versus a total put value of  550,858,550,000 Combined total value = 551,118,150,000

Strike  1490  has a total call value of 292,050,000  versus a total put value of  522,786,000,000 Combined total value = 523,078,050,000

Strike  1500  has a total call value of 324,500,000  versus a total put value of  494,726,650,000 Combined total value = 495,051,150,000

Strike  1510  has a total call value of 487,300,000  versus a total put value of  468,094,000,000 Combined total value = 468,581,300,000

Strike  1520  has a total call value of 650,100,000  versus a total put value of  441,485,550,000 Combined total value = 442,135,650,000

Strike  1530  has a total call value of 812,900,000  versus a total put value of  415,127,350,000 Combined total value = 415,940,250,000

Strike  1540  has a total call value of 1,024,650,000  versus a total put value of  388,880,800,000 Combined total value = 389,905,450,000

Strike  1550  has a total call value of 1,272,150,000  versus a total put value of  362,819,050,000 Combined total value = 364,091,200,000

Strike  1560  has a total call value of 1,679,150,000  versus a total put value of  338,082,800,000 Combined total value = 339,761,950,000

Strike  1570  has a total call value of 2,230,800,000  versus a total put value of  313,751,350,000 Combined total value = 315,982,150,000

Strike  1580  has a total call value of 2,782,450,000  versus a total put value of  289,555,200,000 Combined total value = 292,337,650,000

Strike  1590  has a total call value of 3,370,950,000  versus a total put value of  265,696,200,000 Combined total value = 269,067,150,000

Strike  1600  has a total call value of 3,996,850,000  versus a total put value of  241,967,000,000 Combined total value = 245,963,850,000

Strike  1610  has a total call value of 5,465,350,000  versus a total put value of  220,882,750,000 Combined total value = 226,348,100,000

Strike  1620  has a total call value of 6,997,650,000  versus a total put value of  199,972,850,000 Combined total value = 206,970,500,000

Strike  1630  has a total call value of 8,678,450,000  versus a total put value of  179,504,600,000 Combined total value = 188,183,050,000

Strike  1640  has a total call value of 10,429,650,000  versus a total put value of  159,397,700,000 Combined total value = 169,827,350,000

Strike  1650  has a total call value of 12,386,000,000  versus a total put value of  139,889,750,000 Combined total value = 152,275,750,000

Strike  1660  has a total call value of 15,059,000,000  versus a total put value of  122,525,150,000 Combined total value = 137,584,150,000

Strike  1670  has a total call value of 17,934,400,000  versus a total put value of  105,947,050,000 Combined total value = 123,881,450,000

Strike  1680  has a total call value of 21,206,350,000  versus a total put value of  90,533,300,000 Combined total value = 111,739,650,000

Strike  1690  has a total call value of 24,786,300,000  versus a total put value of  76,289,400,000 Combined total value = 101,075,700,000

Strike  1700  has a total call value of 28,529,600,000  versus a total put value of  62,725,850,000 Combined total value = 91,255,450,000

Strike  1710  has a total call value of 35,482,150,000  versus a total put value of  52,294,550,000 Combined total value = 87,776,700,000

Strike  1720  has a total call value of 43,349,350,000  versus a total put value of  42,496,300,000 Combined total value = 85,845,650,000

Strike  1730  has a total call value of 52,951,250,000  versus a total put value of  34,306,250,000 Combined total value = 87,257,500,000

Strike  1740  has a total call value of 63,752,150,000  versus a total put value of  26,838,350,000 Combined total value = 90,590,500,000

Strike  1750  has a total call value of 76,438,450,000  versus a total put value of  20,480,350,000 Combined total value = 96,918,800,000

Strike  1760  has a total call value of 92,913,700,000  versus a total put value of  15,546,300,000 Combined total value = 108,460,000,000

Strike  1770  has a total call value of 110,905,850,000  versus a total put value of  11,224,950,000 Combined total value = 122,130,800,000

Strike  1780  has a total call value of 130,735,550,000  versus a total put value of  7,719,800,000 Combined total value = 138,455,350,000

Strike  1790  has a total call value of 154,122,100,000  versus a total put value of  5,464,250,000 Combined total value = 159,586,350,000

Strike  1800  has a total call value of 178,977,150,000  versus a total put value of  3,608,000,000 Combined total value = 182,585,150,000

Strike  1810  has a total call value of 214,688,650,000  versus a total put value of  2,821,500,000 Combined total value = 217,510,150,000

Strike  1820  has a total call value of 251,127,250,000  versus a total put value of  2,165,900,000 Combined total value = 253,293,150,000

Strike  1830  has a total call value of 290,280,100,000  versus a total put value of  1,676,950,000 Combined total value = 291,957,050,000

Strike  1840  has a total call value of 330,198,550,000  versus a total put value of  1,277,650,000 Combined total value = 331,476,200,000

Strike  1850  has a total call value of 371,990,300,000  versus a total put value of  976,800,000 Combined total value = 372,967,100,000

Strike  1860  has a total call value of 414,915,600,000  versus a total put value of  755,150,000 Combined total value = 415,670,750,000

Strike  1870  has a total call value of 458,558,650,000  versus a total put value of  565,950,000 Combined total value = 459,124,600,000

Strike  1880  has a total call value of 502,258,900,000  versus a total put value of  377,300,000 Combined total value = 502,636,200,000

Strike  1890  has a total call value of 546,597,700,000  versus a total put value of  188,650,000 Combined total value = 546,786,350,000

Strike  1900  has a total call value of 591,022,300,000  versus a total put value of  0 Combined total value = 591,022,300,000

Strike  1910  has a total call value of 638,996,050,000  versus a total put value of  0 Combined total value = 638,996,050,000

Strike  1920  has a total call value of 686,969,800,000  versus a total put value of  0 Combined total value = 686,969,800,000

Strike  1930  has a total call value of 737,095,150,000  versus a total put value of  0 Combined total value = 737,095,150,000

Strike  1940  has a total call value of 787,220,500,000  versus a total put value of  0 Combined total value = 787,220,500,000

Strike  1950  has a total call value of 838,447,500,000  versus a total put value of  0 Combined total value = 838,447,500,000

Strike  1960  has a total call value of 889,674,500,000  versus a total put value of  0 Combined total value = 889,674,500,000

Strike  1970  has a total call value of 941,194,100,000  versus a total put value of  0 Combined total value = 941,194,100,000

Strike  1980  has a total call value of 992,713,700,000  versus a total put value of  0 Combined total value = 992,713,700,000

Strike  1990  has a total call value of 1,044,951,600,000  versus a total put value of  0 Combined total value = 1,044,951,600,000

Strike  2000  has a total call value of 1,097,189,500,000  versus a total put value of  0 Combined total value = 1,097,189,500,000

All Max-Pain Table

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.