HDFCBANK
Hdfc Bank Ltd
Max pain for HDFCBANK
16 Sep 2024 04:12 PM IST
Max Pain for HDFCBANK is 1650
Strike 1360 has a total call value of 0 versus a total put value of 569,655,900,000 Combined total value = 569,655,900,000
Strike 1370 has a total call value of 0 versus a total put value of 548,020,550,000 Combined total value = 548,020,550,000
Strike 1380 has a total call value of 0 versus a total put value of 526,385,200,000 Combined total value = 526,385,200,000
Strike 1390 has a total call value of 0 versus a total put value of 504,749,850,000 Combined total value = 504,749,850,000
Strike 1400 has a total call value of 0 versus a total put value of 483,114,500,000 Combined total value = 483,114,500,000
Strike 1410 has a total call value of 0 versus a total put value of 461,754,700,000 Combined total value = 461,754,700,000
Strike 1420 has a total call value of 0 versus a total put value of 440,394,900,000 Combined total value = 440,394,900,000
Strike 1430 has a total call value of 0 versus a total put value of 419,035,100,000 Combined total value = 419,035,100,000
Strike 1440 has a total call value of 0 versus a total put value of 397,675,300,000 Combined total value = 397,675,300,000
Strike 1450 has a total call value of 0 versus a total put value of 376,347,950,000 Combined total value = 376,347,950,000
Strike 1460 has a total call value of 0 versus a total put value of 355,020,600,000 Combined total value = 355,020,600,000
Strike 1470 has a total call value of 0 versus a total put value of 333,730,100,000 Combined total value = 333,730,100,000
Strike 1480 has a total call value of 0 versus a total put value of 312,439,600,000 Combined total value = 312,439,600,000
Strike 1490 has a total call value of 0 versus a total put value of 291,749,700,000 Combined total value = 291,749,700,000
Strike 1500 has a total call value of 0 versus a total put value of 271,088,400,000 Combined total value = 271,088,400,000
Strike 1510 has a total call value of 57,200,000 versus a total put value of 251,797,150,000 Combined total value = 251,854,350,000
Strike 1520 has a total call value of 114,400,000 versus a total put value of 232,524,600,000 Combined total value = 232,639,000,000
Strike 1530 has a total call value of 171,600,000 versus a total put value of 213,497,900,000 Combined total value = 213,669,500,000
Strike 1540 has a total call value of 228,800,000 versus a total put value of 194,599,900,000 Combined total value = 194,828,700,000
Strike 1550 has a total call value of 326,700,000 versus a total put value of 175,888,900,000 Combined total value = 176,215,600,000
Strike 1560 has a total call value of 611,050,000 versus a total put value of 158,034,800,000 Combined total value = 158,645,850,000
Strike 1570 has a total call value of 925,650,000 versus a total put value of 140,454,050,000 Combined total value = 141,379,700,000
Strike 1580 has a total call value of 1,240,250,000 versus a total put value of 123,145,550,000 Combined total value = 124,385,800,000
Strike 1590 has a total call value of 1,633,500,000 versus a total put value of 106,455,250,000 Combined total value = 108,088,750,000
Strike 1600 has a total call value of 2,069,650,000 versus a total put value of 90,159,850,000 Combined total value = 92,229,500,000
Strike 1610 has a total call value of 3,338,500,000 versus a total put value of 76,574,850,000 Combined total value = 79,913,350,000
Strike 1620 has a total call value of 4,910,950,000 versus a total put value of 63,609,700,000 Combined total value = 68,520,650,000
Strike 1630 has a total call value of 6,895,900,000 versus a total put value of 51,590,000,000 Combined total value = 58,485,900,000
Strike 1640 has a total call value of 9,537,550,000 versus a total put value of 40,544,900,000 Combined total value = 50,082,450,000
Strike 1650 has a total call value of 13,651,550,000 versus a total put value of 31,431,400,000 Combined total value = 45,082,950,000
Strike 1660 has a total call value of 22,200,200,000 versus a total put value of 24,870,450,000 Combined total value = 47,070,650,000
Strike 1670 has a total call value of 37,190,450,000 versus a total put value of 20,371,450,000 Combined total value = 57,561,900,000
Strike 1680 has a total call value of 54,495,100,000 versus a total put value of 16,759,050,000 Combined total value = 71,254,150,000
Strike 1690 has a total call value of 74,300,600,000 versus a total put value of 14,087,150,000 Combined total value = 88,387,750,000
Strike 1700 has a total call value of 95,388,700,000 versus a total put value of 11,634,150,000 Combined total value = 107,022,850,000
Strike 1710 has a total call value of 124,753,200,000 versus a total put value of 10,292,700,000 Combined total value = 135,045,900,000
Strike 1720 has a total call value of 154,840,400,000 versus a total put value of 9,038,150,000 Combined total value = 163,878,550,000
Strike 1730 has a total call value of 186,460,450,000 versus a total put value of 7,891,950,000 Combined total value = 194,352,400,000
Strike 1740 has a total call value of 218,639,850,000 versus a total put value of 6,801,850,000 Combined total value = 225,441,700,000
Strike 1750 has a total call value of 251,363,200,000 versus a total put value of 5,728,800,000 Combined total value = 257,092,000,000
Strike 1760 has a total call value of 285,619,950,000 versus a total put value of 4,915,900,000 Combined total value = 290,535,850,000
Strike 1770 has a total call value of 320,208,900,000 versus a total put value of 4,145,350,000 Combined total value = 324,354,250,000
Strike 1780 has a total call value of 355,267,550,000 versus a total put value of 3,374,800,000 Combined total value = 358,642,350,000
Strike 1790 has a total call value of 390,684,800,000 versus a total put value of 2,614,150,000 Combined total value = 393,298,950,000
Strike 1800 has a total call value of 426,129,550,000 versus a total put value of 1,853,500,000 Combined total value = 427,983,050,000
Strike 1810 has a total call value of 465,016,750,000 versus a total put value of 1,668,150,000 Combined total value = 466,684,900,000
Strike 1820 has a total call value of 503,903,950,000 versus a total put value of 1,482,800,000 Combined total value = 505,386,750,000
Strike 1830 has a total call value of 542,987,500,000 versus a total put value of 1,297,450,000 Combined total value = 544,284,950,000
Strike 1840 has a total call value of 582,071,050,000 versus a total put value of 1,112,100,000 Combined total value = 583,183,150,000
Strike 1850 has a total call value of 621,579,200,000 versus a total put value of 926,750,000 Combined total value = 622,505,950,000
Strike 1860 has a total call value of 661,087,350,000 versus a total put value of 741,400,000 Combined total value = 661,828,750,000
Strike 1870 has a total call value of 700,645,550,000 versus a total put value of 556,050,000 Combined total value = 701,201,600,000
Strike 1880 has a total call value of 740,203,750,000 versus a total put value of 370,700,000 Combined total value = 740,574,450,000
Strike 1890 has a total call value of 779,880,750,000 versus a total put value of 185,350,000 Combined total value = 780,066,100,000
Strike 1900 has a total call value of 819,557,750,000 versus a total put value of 0 Combined total value = 819,557,750,000
Strike 1910 has a total call value of 859,560,350,000 versus a total put value of 0 Combined total value = 859,560,350,000
Strike 1920 has a total call value of 899,562,950,000 versus a total put value of 0 Combined total value = 899,562,950,000
Strike 1930 has a total call value of 939,593,600,000 versus a total put value of 0 Combined total value = 939,593,600,000
Strike 1940 has a total call value of 979,624,250,000 versus a total put value of 0 Combined total value = 979,624,250,000
Strike 1950 has a total call value of 1,019,654,900,000 versus a total put value of 0 Combined total value = 1,019,654,900,000
Strike 1960 has a total call value of 1,059,685,550,000 versus a total put value of 0 Combined total value = 1,059,685,550,000
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.