HDFCBANK
HDFC BANK LTD
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
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.