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HDFCBANK
HDFC BANK LTD

1447.9 7.20 (0.50%)


Strike  1160  has a total call value of 0  versus a total put value of  638,947,650,000 Combined total value = 638,947,650,000

Strike  1170  has a total call value of 0  versus a total put value of  615,448,350,000 Combined total value = 615,448,350,000

Strike  1180  has a total call value of 0  versus a total put value of  591,949,050,000 Combined total value = 591,949,050,000

Strike  1190  has a total call value of 0  versus a total put value of  568,449,750,000 Combined total value = 568,449,750,000

Strike  1200  has a total call value of 0  versus a total put value of  544,950,450,000 Combined total value = 544,950,450,000

Strike  1210  has a total call value of 12,100,000  versus a total put value of  521,661,800,000 Combined total value = 521,673,900,000

Strike  1220  has a total call value of 24,200,000  versus a total put value of  498,373,150,000 Combined total value = 498,397,350,000

Strike  1230  has a total call value of 36,300,000  versus a total put value of  475,084,500,000 Combined total value = 475,120,800,000

Strike  1240  has a total call value of 48,400,000  versus a total put value of  451,795,850,000 Combined total value = 451,844,250,000

Strike  1250  has a total call value of 60,500,000  versus a total put value of  428,520,400,000 Combined total value = 428,580,900,000

Strike  1260  has a total call value of 72,600,000  versus a total put value of  405,244,950,000 Combined total value = 405,317,550,000

Strike  1270  has a total call value of 84,700,000  versus a total put value of  381,969,500,000 Combined total value = 382,054,200,000

Strike  1280  has a total call value of 96,800,000  versus a total put value of  358,694,050,000 Combined total value = 358,790,850,000

Strike  1290  has a total call value of 108,900,000  versus a total put value of  335,504,400,000 Combined total value = 335,613,300,000

Strike  1300  has a total call value of 121,000,000  versus a total put value of  312,314,750,000 Combined total value = 312,435,750,000

Strike  1310  has a total call value of 322,850,000  versus a total put value of  292,366,800,000 Combined total value = 292,689,650,000

Strike  1320  has a total call value of 524,700,000  versus a total put value of  272,419,400,000 Combined total value = 272,944,100,000

Strike  1330  has a total call value of 726,550,000  versus a total put value of  253,312,950,000 Combined total value = 254,039,500,000

Strike  1340  has a total call value of 928,400,000  versus a total put value of  234,206,500,000 Combined total value = 235,134,900,000

Strike  1350  has a total call value of 1,130,250,000  versus a total put value of  215,607,150,000 Combined total value = 216,737,400,000

Strike  1360  has a total call value of 1,437,150,000  versus a total put value of  198,282,150,000 Combined total value = 199,719,300,000

Strike  1370  has a total call value of 1,750,650,000  versus a total put value of  181,321,250,000 Combined total value = 183,071,900,000

Strike  1380  has a total call value of 2,064,150,000  versus a total put value of  164,991,750,000 Combined total value = 167,055,900,000

Strike  1390  has a total call value of 2,690,050,000  versus a total put value of  149,339,300,000 Combined total value = 152,029,350,000

Strike  1400  has a total call value of 3,333,550,000  versus a total put value of  133,805,650,000 Combined total value = 137,139,200,000

Strike  1410  has a total call value of 5,518,150,000  versus a total put value of  121,563,200,000 Combined total value = 127,081,350,000

Strike  1420  has a total call value of 7,733,550,000  versus a total put value of  109,581,450,000 Combined total value = 117,315,000,000

Strike  1430  has a total call value of 10,192,050,000  versus a total put value of  98,538,000,000 Combined total value = 108,730,050,000

Strike  1440  has a total call value of 13,223,100,000  versus a total put value of  88,393,250,000 Combined total value = 101,616,350,000

Strike  1450  has a total call value of 17,440,500,000  versus a total put value of  79,362,800,000 Combined total value = 96,803,300,000

Strike  1460  has a total call value of 24,415,050,000  versus a total put value of  72,210,050,000 Combined total value = 96,625,100,000

Strike  1470  has a total call value of 33,577,500,000  versus a total put value of  65,720,600,000 Combined total value = 99,298,100,000

Strike  1480  has a total call value of 43,759,650,000  versus a total put value of  59,555,650,000 Combined total value = 103,315,300,000

Strike  1490  has a total call value of 55,737,550,000  versus a total put value of  53,578,250,000 Combined total value = 109,315,800,000

Strike  1500  has a total call value of 67,908,500,000  versus a total put value of  47,659,150,000 Combined total value = 115,567,650,000

Strike  1510  has a total call value of 85,677,350,000  versus a total put value of  43,518,750,000 Combined total value = 129,196,100,000

Strike  1520  has a total call value of 103,785,000,000  versus a total put value of  39,408,050,000 Combined total value = 143,193,050,000

Strike  1530  has a total call value of 122,687,400,000  versus a total put value of  35,601,500,000 Combined total value = 158,288,900,000

Strike  1540  has a total call value of 142,022,100,000  versus a total put value of  31,932,450,000 Combined total value = 173,954,550,000

Strike  1550  has a total call value of 161,886,450,000  versus a total put value of  28,342,600,000 Combined total value = 190,229,050,000

Strike  1560  has a total call value of 183,356,800,000  versus a total put value of  25,208,150,000 Combined total value = 208,564,950,000

Strike  1570  has a total call value of 205,145,600,000  versus a total put value of  22,193,600,000 Combined total value = 227,339,200,000

Strike  1580  has a total call value of 227,007,000,000  versus a total put value of  19,192,800,000 Combined total value = 246,199,800,000

Strike  1590  has a total call value of 249,162,100,000  versus a total put value of  16,242,050,000 Combined total value = 265,404,150,000

Strike  1600  has a total call value of 271,317,200,000  versus a total put value of  13,291,300,000 Combined total value = 284,608,500,000

Strike  1610  has a total call value of 297,334,400,000  versus a total put value of  11,718,850,000 Combined total value = 309,053,250,000

Strike  1620  has a total call value of 323,351,600,000  versus a total put value of  10,146,400,000 Combined total value = 333,498,000,000

Strike  1630  has a total call value of 349,573,950,000  versus a total put value of  8,810,450,000 Combined total value = 358,384,400,000

Strike  1640  has a total call value of 375,796,300,000  versus a total put value of  7,474,500,000 Combined total value = 383,270,800,000

Strike  1650  has a total call value of 402,232,600,000  versus a total put value of  6,161,100,000 Combined total value = 408,393,700,000

Strike  1660  has a total call value of 428,668,900,000  versus a total put value of  4,847,700,000 Combined total value = 433,516,600,000

Strike  1670  has a total call value of 455,252,050,000  versus a total put value of  3,634,950,000 Combined total value = 458,887,000,000

Strike  1680  has a total call value of 481,835,200,000  versus a total put value of  2,422,200,000 Combined total value = 484,257,400,000

Strike  1690  has a total call value of 508,757,700,000  versus a total put value of  1,211,100,000 Combined total value = 509,968,800,000

Strike  1700  has a total call value of 535,680,200,000  versus a total put value of  0 Combined total value = 535,680,200,000

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.