HDFCBANK
Hdfc Bank Ltd
Max pain for HDFCBANK
26 Dec 2024 04:12 PM IST
Max Pain for HDFCBANK is 1800
Strike 1480 has a total call value of 0 versus a total put value of 345,945,600,000 Combined total value = 345,945,600,000
Strike 1490 has a total call value of 0 versus a total put value of 333,936,900,000 Combined total value = 333,936,900,000
Strike 1500 has a total call value of 0 versus a total put value of 321,928,200,000 Combined total value = 321,928,200,000
Strike 1510 has a total call value of 23,650,000 versus a total put value of 310,090,550,000 Combined total value = 310,114,200,000
Strike 1520 has a total call value of 47,300,000 versus a total put value of 298,252,900,000 Combined total value = 298,300,200,000
Strike 1530 has a total call value of 70,950,000 versus a total put value of 286,415,250,000 Combined total value = 286,486,200,000
Strike 1540 has a total call value of 94,600,000 versus a total put value of 274,577,600,000 Combined total value = 274,672,200,000
Strike 1550 has a total call value of 118,250,000 versus a total put value of 262,760,300,000 Combined total value = 262,878,550,000
Strike 1560 has a total call value of 141,900,000 versus a total put value of 250,943,000,000 Combined total value = 251,084,900,000
Strike 1570 has a total call value of 165,550,000 versus a total put value of 239,125,700,000 Combined total value = 239,291,250,000
Strike 1580 has a total call value of 189,200,000 versus a total put value of 227,308,400,000 Combined total value = 227,497,600,000
Strike 1590 has a total call value of 212,850,000 versus a total put value of 215,592,300,000 Combined total value = 215,805,150,000
Strike 1600 has a total call value of 236,500,000 versus a total put value of 203,889,400,000 Combined total value = 204,125,900,000
Strike 1610 has a total call value of 273,900,000 versus a total put value of 192,619,900,000 Combined total value = 192,893,800,000
Strike 1620 has a total call value of 311,300,000 versus a total put value of 181,350,400,000 Combined total value = 181,661,700,000
Strike 1630 has a total call value of 348,700,000 versus a total put value of 170,447,200,000 Combined total value = 170,795,900,000
Strike 1640 has a total call value of 386,100,000 versus a total put value of 159,578,100,000 Combined total value = 159,964,200,000
Strike 1650 has a total call value of 423,500,000 versus a total put value of 148,977,400,000 Combined total value = 149,400,900,000
Strike 1660 has a total call value of 513,150,000 versus a total put value of 138,664,900,000 Combined total value = 139,178,050,000
Strike 1670 has a total call value of 602,800,000 versus a total put value of 128,464,600,000 Combined total value = 129,067,400,000
Strike 1680 has a total call value of 692,450,000 versus a total put value of 118,372,100,000 Combined total value = 119,064,550,000
Strike 1690 has a total call value of 797,500,000 versus a total put value of 108,457,250,000 Combined total value = 109,254,750,000
Strike 1700 has a total call value of 907,500,000 versus a total put value of 98,606,200,000 Combined total value = 99,513,700,000
Strike 1710 has a total call value of 1,128,600,000 versus a total put value of 89,773,200,000 Combined total value = 90,901,800,000
Strike 1720 has a total call value of 1,400,300,000 versus a total put value of 81,211,900,000 Combined total value = 82,612,200,000
Strike 1730 has a total call value of 1,724,250,000 versus a total put value of 73,042,750,000 Combined total value = 74,767,000,000
Strike 1740 has a total call value of 2,091,100,000 versus a total put value of 65,178,300,000 Combined total value = 67,269,400,000
Strike 1750 has a total call value of 2,614,150,000 versus a total put value of 57,796,200,000 Combined total value = 60,410,350,000
Strike 1760 has a total call value of 3,400,100,000 versus a total put value of 50,923,400,000 Combined total value = 54,323,500,000
Strike 1770 has a total call value of 4,409,900,000 versus a total put value of 44,557,700,000 Combined total value = 48,967,600,000
Strike 1780 has a total call value of 5,539,600,000 versus a total put value of 38,596,250,000 Combined total value = 44,135,850,000
Strike 1790 has a total call value of 6,909,650,000 versus a total put value of 32,990,100,000 Combined total value = 39,899,750,000
Strike 1800 has a total call value of 8,649,300,000 versus a total put value of 27,748,600,000 Combined total value = 36,397,900,000
Strike 1810 has a total call value of 14,372,600,000 versus a total put value of 23,232,550,000 Combined total value = 37,605,150,000
Strike 1820 has a total call value of 21,947,200,000 versus a total put value of 18,934,300,000 Combined total value = 40,881,500,000
Strike 1830 has a total call value of 31,823,550,000 versus a total put value of 15,170,100,000 Combined total value = 46,993,650,000
Strike 1840 has a total call value of 43,122,200,000 versus a total put value of 11,850,850,000 Combined total value = 54,973,050,000
Strike 1850 has a total call value of 55,516,450,000 versus a total put value of 8,759,300,000 Combined total value = 64,275,750,000
Strike 1860 has a total call value of 69,678,950,000 versus a total put value of 6,075,850,000 Combined total value = 75,754,800,000
Strike 1870 has a total call value of 85,679,000,000 versus a total put value of 4,338,400,000 Combined total value = 90,017,400,000
Strike 1880 has a total call value of 106,082,350,000 versus a total put value of 2,940,300,000 Combined total value = 109,022,650,000
Strike 1890 has a total call value of 128,360,650,000 versus a total put value of 2,038,850,000 Combined total value = 130,399,500,000
Strike 1900 has a total call value of 151,427,100,000 versus a total put value of 1,315,050,000 Combined total value = 152,742,150,000
Strike 1910 has a total call value of 178,085,600,000 versus a total put value of 1,076,350,000 Combined total value = 179,161,950,000
Strike 1920 has a total call value of 205,026,800,000 versus a total put value of 874,500,000 Combined total value = 205,901,300,000
Strike 1930 has a total call value of 232,869,450,000 versus a total put value of 715,550,000 Combined total value = 233,585,000,000
Strike 1940 has a total call value of 261,671,300,000 versus a total put value of 556,600,000 Combined total value = 262,227,900,000
Strike 1950 has a total call value of 291,084,750,000 versus a total put value of 451,550,000 Combined total value = 291,536,300,000
Strike 1960 has a total call value of 320,764,400,000 versus a total put value of 363,000,000 Combined total value = 321,127,400,000
Strike 1970 has a total call value of 351,049,050,000 versus a total put value of 274,450,000 Combined total value = 351,323,500,000
Strike 1980 has a total call value of 381,420,050,000 versus a total put value of 185,900,000 Combined total value = 381,605,950,000
Strike 1990 has a total call value of 412,145,250,000 versus a total put value of 97,350,000 Combined total value = 412,242,600,000
Strike 2000 has a total call value of 442,956,800,000 versus a total put value of 8,800,000 Combined total value = 442,965,600,000
Strike 2010 has a total call value of 475,399,650,000 versus a total put value of 6,600,000 Combined total value = 475,406,250,000
Strike 2020 has a total call value of 507,842,500,000 versus a total put value of 4,400,000 Combined total value = 507,846,900,000
Strike 2030 has a total call value of 540,850,200,000 versus a total put value of 2,200,000 Combined total value = 540,852,400,000
Strike 2040 has a total call value of 573,857,900,000 versus a total put value of 0 Combined total value = 573,857,900,000
Strike 2050 has a total call value of 607,190,650,000 versus a total put value of 0 Combined total value = 607,190,650,000
Strike 2060 has a total call value of 640,523,400,000 versus a total put value of 0 Combined total value = 640,523,400,000
Strike 2070 has a total call value of 674,002,450,000 versus a total put value of 0 Combined total value = 674,002,450,000
Strike 2080 has a total call value of 707,481,500,000 versus a total put value of 0 Combined total value = 707,481,500,000
Strike 2090 has a total call value of 741,040,850,000 versus a total put value of 0 Combined total value = 741,040,850,000
Strike 2100 has a total call value of 774,600,200,000 versus a total put value of 0 Combined total value = 774,600,200,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 413.25 | 440 |
| ABB | 6945.3 | 7300 |
| ABBOTINDIA | 28597 | 28000 |
| ABCAPITAL | 184.35 | 197.5 |
| ABFRL | 282.3 | 300 |
| ACC | 2087.65 | 2240 |
| ADANIENSOL | 792.3 | 800 |
| ADANIENT | 2400.25 | 2500 |
| ADANIGREEN | 1064.25 | 1100 |
| ADANIPORTS | 1243.95 | 1260 |
| ALKEM | 5408.6 | 5400 |
| AMBUJACEM | 548.8 | 550 |
| ANGELONE | 2903.95 | 3100 |
| APLAPOLLO | 1497.2 | 1540 |
| APOLLOHOSP | 7261.15 | 7200 |
| APOLLOTYRE | 542.25 | 530 |
| ASHOKLEY | 220.14 | 227.5 |
| ASIANPAINT | 2262.4 | 2400 |
| ASTRAL | 1671.5 | 1780 |
| ATGL | 672 | 710 |
| ATUL | 7097.35 | 7200 |
| AUBANK | 548.3 | 580 |
| AUROPHARMA | 1256.25 | 1240 |
| AXISBANK | 1076.7 | 1130 |
| BAJAJ-AUTO | 8878.5 | 9000 |
| BAJAJFINSV | 1559.3 | 1640 |
| BAJFINANCE | 6815.75 | 6900 |
| BALKRISIND | 2824.7 | 2800 |
| BANDHANBNK | 161.47 | 170 |
| BANKBARODA | 246.68 | 252.5 |
| BANKINDIA | 103.17 | 120 |
| BATAINDIA | 1350.45 | 1390 |
| BEL | 295.2 | 310 |
| BERGEPAINT | 441 | 460 |
| BHARATFORG | 1314.25 | 1340 |
| BHARTIARTL | 1599.5 | 1600 |
| BHEL | 241.75 | 250 |
| BIOCON | 346.45 | 355 |
| BOSCHLTD | 34190.1 | 35000 |
| BPCL | 295.6 | 300 |
| BRITANNIA | 4761.65 | 4800 |
| BSE | 5442.35 | 5100 |
| BSOFT | 570.25 | 600 |
| CAMS | 4964 | 5100 |
| CANBK | 101.03 | 106 |
| CANFINHOME | 723.95 | 780 |
| CDSL | 1806.65 | 1840 |
| CESC | 184.82 | 190 |
| CGPOWER | 743.75 | 760 |
| CHAMBLFERT | 500.4 | 520 |
| CHOLAFIN | 1189.35 | 1240 |
| CIPLA | 1490.55 | 1480 |
| COALINDIA | 386.6 | 415 |
| COFORGE | 9493.25 | 9100 |
| COLPAL | 2719.2 | 2850 |
| CONCOR | 776.35 | 830 |
| COROMANDEL | 1845.05 | 1800 |
| CROMPTON | 393.6 | 405 |
| CUB | 173.54 | 180 |
| CUMMINSIND | 3364.25 | 3500 |
| CYIENT | 1928.35 | 2000 |
| DABUR | 505.6 | 510 |
| DALBHARAT | 1738.55 | 1860 |
| DEEPAKNTR | 2571.25 | 2700 |
| DELHIVERY | 350.95 | 370 |
| DIVISLAB | 5886.75 | 6000 |
| DIXON | 18038.15 | 17750 |
| DLF | 838.7 | 840 |
| DMART | 3511.65 | 3700 |
| DRREDDY | 1355.15 | 1300 |
| EICHERMOT | 4801.35 | 4800 |
| ESCORTS | 3151.1 | 3300 |
| EXIDEIND | 418.3 | 450 |
| FEDERALBNK | 197.68 | 207.5 |
| GAIL | 197.63 | 200 |
| GLENMARK | 1541.45 | 1540 |
| GMRAIRPORT | 79.04 | 85 |
| GMRINFRA | 0 | 38 |
| GNFC | 575.5 | 620 |
| GODREJCP | 1071.2 | 1120 |
| GODREJPROP | 2855.75 | 2900 |
| GRANULES | 592.95 | 580 |
| GRASIM | 2482.05 | 2600 |
| GUJGASLTD | 509 | 490 |
| HAL | 4229.2 | 4500 |
| HAVELLS | 1676.4 | 1700 |
| HCLTECH | 1900.75 | 1900 |
| HDFCAMC | 4269.45 | 4400 |
| HDFCBANK | 1790.75 | 1800 |
| HDFCLIFE | 626.4 | 640 |
| HEROMOTOCO | 4275 | 4600 |
| HFCL | 114.67 | 122.5 |
| HINDALCO | 628.75 | 660 |
| HINDCOPPER | 263.2 | 290 |
| HINDPETRO | 419.3 | 400 |
| HINDUNILVR | 2332.75 | 2400 |
| HUDCO | 227.58 | 240 |
| ICICIBANK | 1297.35 | 1320 |
| ICICIGI | 1861.15 | 1900 |
| ICICIPRULI | 668.1 | 670 |
| IDEA | 7.56 | 8 |
| IDFCFIRSTB | 61.75 | 66 |
| IEX | 180.17 | 180 |
| IGL | 390.5 | 380 |
| INDHOTEL | 868.3 | 830 |
| INDIAMART | 2231.5 | 2350 |
| INDIANB | 543.8 | 580 |
| INDIGO | 4725 | 4500 |
| INDUSINDBK | 931.95 | 980 |
| INDUSTOWER | 332.35 | 350 |
| INFY | 1907.4 | 1900 |
| IOC | 137.85 | 145 |
| IPCALAB | 1594.4 | 1560 |
| IRB | 55.87 | 57 |
| IRCTC | 782.4 | 840 |
| IRFC | 146.89 | 155 |
| ITC | 476.95 | 470 |
| JINDALSTEL | 941.35 | 950 |
| JIOFIN | 305.55 | 320 |
| JKCEMENT | 4595 | 4600 |
| JSL | 733.85 | 720 |
| JSWENERGY | 636.5 | 660 |
| JSWSTEEL | 914.45 | 950 |
| JUBLFOOD | 703.9 | 680 |
| KALYANKJIL | 726.45 | 740 |
| KEI | 4320.25 | 4400 |
| KOTAKBANK | 1752.8 | 1780 |
| KPITTECH | 1452.2 | 1480 |
| LALPATHLAB | 2954.55 | 3050 |
| LAURUSLABS | 570.6 | 570 |
| LICHSGFIN | 588.2 | 620 |
| LICI | 891.9 | 940 |
| LODHA | 1414.05 | 1440 |
| LT | 3629.5 | 3750 |
| LTF | 136.82 | 145 |
| LTIM | 5752.35 | 6100 |
| LTTS | 4668.05 | 5100 |
| LUPIN | 2182.1 | 2100 |
| M&M | 2975.65 | 3000 |
| M&MFIN | 265.6 | 275 |
| MANAPPURAM | 184.29 | 167.5 |
| MARICO | 632.6 | 640 |
| MARUTI | 10896 | 11000 |
| MAXHEALTH | 1155.7 | 1100 |
| MCX | 6352.65 | 6500 |
| METROPOLIS | 2028.1 | 2100 |
| MFSL | 1114.2 | 1140 |
| MGL | 1238.95 | 1260 |
| MOTHERSON | 156.4 | 165 |
| MPHASIS | 2908.45 | 3050 |
| MRF | 131204.2 | 130000 |
| MUTHOOTFIN | 2062.5 | 2020 |
| NATIONALUM | 217.07 | 230 |
| NAUKRI | 8667.5 | 8600 |
| NAVINFLUOR | 3326.3 | 3500 |
| NCC | 284.5 | 300 |
| NESTLEIND | 2149.9 | 2220 |
| NHPC | 82.04 | 85 |
| NMDC | 214.45 | 230 |
| NTPC | 334.65 | 350 |
| NYKAA | 160.85 | 165 |
| OBEROIRLTY | 2322.65 | 2200 |
| OFSS | 12279.6 | 12250 |
| OIL | 427.05 | 450 |
| ONGC | 240.25 | 254 |
| PAGEIND | 47083.35 | 47500 |
| PAYTM | 1002.35 | 980 |
| PEL | 1098.45 | 1160 |
| PERSISTENT | 6395.8 | 6300 |
| PETRONET | 344.75 | 338 |
| PFC | 463.25 | 480 |
| PIDILITIND | 2932.45 | 3060 |
| PIIND | 3746 | 4050 |
| PNB | 102.16 | 105 |
| POLICYBZR | 2037.2 | 2000 |
| POLYCAB | 7144.6 | 7200 |
| POONAWALLA | 320.45 | 340 |
| POWERGRID | 310.3 | 325 |
| PRESTIGE | 1751.8 | 1800 |
| PVRINOX | 1336.85 | 1500 |
| RAMCOCEM | 976.55 | 1000 |
| RBLBANK | 162.41 | 162.5 |
| RECLTD | 519.1 | 530 |
| RELIANCE | 1216.55 | 1270 |
| SAIL | 117.59 | 127.5 |
| SBICARD | 679.2 | 710 |
| SBILIFE | 1409.05 | 1420 |
| SBIN | 812.45 | 840 |
| SHREECEM | 26342.7 | 27000 |
| SHRIRAMFIN | 2926.9 | 3050 |
| SIEMENS | 6705.55 | 7200 |
| SJVN | 108.87 | 117.5 |
| SONACOMS | 593.55 | 620 |
| SRF | 2262.15 | 2300 |
| SUNPHARMA | 1841.35 | 1820 |
| SUNTV | 686.45 | 730 |
| SUPREMEIND | 4756.55 | 4900 |
| SYNGENE | 846.6 | 870 |
| TATACHEM | 1057.65 | 1100 |
| TATACOMM | 1733.35 | 1800 |
| TATACONSUM | 900.95 | 930 |
| TATAELXSI | 6896.2 | 7200 |
| TATAMOTORS | 740.8 | 770 |
| TATAPOWER | 404.3 | 420 |
| TATASTEEL | 140.36 | 145 |
| TCS | 4169.1 | 4300 |
| TECHM | 1698.7 | 1760 |
| TIINDIA | 3636.9 | 3700 |
| TITAN | 3323.05 | 3400 |
| TORNTPHARM | 3421.35 | 3400 |
| TRENT | 7063.7 | 6900 |
| TVSMOTOR | 2438.55 | 2500 |
| UBL | 2015.1 | 2000 |
| ULTRACEMCO | 11460.65 | 11400 |
| UNIONBANK | 119.05 | 125 |
| UNITDSPR | 1566.95 | 1560 |
| UPL | 499.65 | 537.2 |
| VBL | 624.1 | 640 |
| VEDL | 460.45 | 480 |
| VOLTAS | 1711.3 | 1740 |
| WIPRO | 305.05 | 300 |
| YESBANK | 19.8 | 21 |
| ZOMATO | 273.2 | 280 |
| ZYDUSLIFE | 957.65 | 980 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
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.
