HDFCBANK
Hdfc Bank Ltd
Max pain for HDFCBANK
20 Sep 2024 04:12 PM IST
Max Pain for HDFCBANK is 1680
Strike 1360 has a total call value of 0 versus a total put value of 779,329,100,000 Combined total value = 779,329,100,000
Strike 1370 has a total call value of 0 versus a total put value of 752,927,450,000 Combined total value = 752,927,450,000
Strike 1380 has a total call value of 0 versus a total put value of 726,525,800,000 Combined total value = 726,525,800,000
Strike 1390 has a total call value of 0 versus a total put value of 700,124,150,000 Combined total value = 700,124,150,000
Strike 1400 has a total call value of 0 versus a total put value of 673,722,500,000 Combined total value = 673,722,500,000
Strike 1410 has a total call value of 29,150,000 versus a total put value of 647,532,600,000 Combined total value = 647,561,750,000
Strike 1420 has a total call value of 58,300,000 versus a total put value of 621,342,700,000 Combined total value = 621,401,000,000
Strike 1430 has a total call value of 87,450,000 versus a total put value of 595,152,800,000 Combined total value = 595,240,250,000
Strike 1440 has a total call value of 116,600,000 versus a total put value of 568,962,900,000 Combined total value = 569,079,500,000
Strike 1450 has a total call value of 145,750,000 versus a total put value of 542,804,350,000 Combined total value = 542,950,100,000
Strike 1460 has a total call value of 174,900,000 versus a total put value of 516,645,800,000 Combined total value = 516,820,700,000
Strike 1470 has a total call value of 204,050,000 versus a total put value of 490,506,500,000 Combined total value = 490,710,550,000
Strike 1480 has a total call value of 233,200,000 versus a total put value of 464,367,200,000 Combined total value = 464,600,400,000
Strike 1490 has a total call value of 262,350,000 versus a total put value of 438,643,150,000 Combined total value = 438,905,500,000
Strike 1500 has a total call value of 291,500,000 versus a total put value of 412,937,800,000 Combined total value = 413,229,300,000
Strike 1510 has a total call value of 355,850,000 versus a total put value of 388,292,300,000 Combined total value = 388,648,150,000
Strike 1520 has a total call value of 420,200,000 versus a total put value of 363,655,600,000 Combined total value = 364,075,800,000
Strike 1530 has a total call value of 485,650,000 versus a total put value of 339,165,750,000 Combined total value = 339,651,400,000
Strike 1540 has a total call value of 551,100,000 versus a total put value of 314,760,050,000 Combined total value = 315,311,150,000
Strike 1550 has a total call value of 616,550,000 versus a total put value of 290,495,700,000 Combined total value = 291,112,250,000
Strike 1560 has a total call value of 823,350,000 versus a total put value of 266,680,700,000 Combined total value = 267,504,050,000
Strike 1570 has a total call value of 1,058,750,000 versus a total put value of 243,073,600,000 Combined total value = 244,132,350,000
Strike 1580 has a total call value of 1,313,950,000 versus a total put value of 219,648,000,000 Combined total value = 220,961,950,000
Strike 1590 has a total call value of 1,634,600,000 versus a total put value of 196,710,800,000 Combined total value = 198,345,400,000
Strike 1600 has a total call value of 1,993,200,000 versus a total put value of 173,916,600,000 Combined total value = 175,909,800,000
Strike 1610 has a total call value of 2,823,700,000 versus a total put value of 153,222,300,000 Combined total value = 156,046,000,000
Strike 1620 has a total call value of 3,966,600,000 versus a total put value of 132,968,550,000 Combined total value = 136,935,150,000
Strike 1630 has a total call value of 5,326,200,000 versus a total put value of 113,436,950,000 Combined total value = 118,763,150,000
Strike 1640 has a total call value of 7,026,800,000 versus a total put value of 94,933,300,000 Combined total value = 101,960,100,000
Strike 1650 has a total call value of 9,411,050,000 versus a total put value of 77,763,950,000 Combined total value = 87,175,000,000
Strike 1660 has a total call value of 13,641,100,000 versus a total put value of 62,705,500,000 Combined total value = 76,346,600,000
Strike 1670 has a total call value of 20,776,800,000 versus a total put value of 49,768,950,000 Combined total value = 70,545,750,000
Strike 1680 has a total call value of 29,347,450,000 versus a total put value of 38,055,050,000 Combined total value = 67,402,500,000
Strike 1690 has a total call value of 39,105,000,000 versus a total put value of 28,416,300,000 Combined total value = 67,521,300,000
Strike 1700 has a total call value of 49,436,200,000 versus a total put value of 20,054,100,000 Combined total value = 69,490,300,000
Strike 1710 has a total call value of 62,494,300,000 versus a total put value of 14,793,350,000 Combined total value = 77,287,650,000
Strike 1720 has a total call value of 76,161,250,000 versus a total put value of 10,567,700,000 Combined total value = 86,728,950,000
Strike 1730 has a total call value of 91,340,700,000 versus a total put value of 7,666,450,000 Combined total value = 99,007,150,000
Strike 1740 has a total call value of 107,426,550,000 versus a total put value of 5,580,300,000 Combined total value = 113,006,850,000
Strike 1750 has a total call value of 125,449,500,000 versus a total put value of 4,244,350,000 Combined total value = 129,693,850,000
Strike 1760 has a total call value of 145,455,200,000 versus a total put value of 3,440,250,000 Combined total value = 148,895,450,000
Strike 1770 has a total call value of 166,467,400,000 versus a total put value of 2,792,350,000 Combined total value = 169,259,750,000
Strike 1780 has a total call value of 188,258,400,000 versus a total put value of 2,160,950,000 Combined total value = 190,419,350,000
Strike 1790 has a total call value of 210,849,100,000 versus a total put value of 1,557,050,000 Combined total value = 212,406,150,000
Strike 1800 has a total call value of 233,681,250,000 versus a total put value of 958,100,000 Combined total value = 234,639,350,000
Strike 1810 has a total call value of 259,048,350,000 versus a total put value of 831,600,000 Combined total value = 259,879,950,000
Strike 1820 has a total call value of 284,488,600,000 versus a total put value of 712,800,000 Combined total value = 285,201,400,000
Strike 1830 has a total call value of 310,217,600,000 versus a total put value of 623,700,000 Combined total value = 310,841,300,000
Strike 1840 has a total call value of 335,947,150,000 versus a total put value of 534,600,000 Combined total value = 336,481,750,000
Strike 1850 has a total call value of 362,572,100,000 versus a total put value of 445,500,000 Combined total value = 363,017,600,000
Strike 1860 has a total call value of 389,197,050,000 versus a total put value of 356,400,000 Combined total value = 389,553,450,000
Strike 1870 has a total call value of 415,905,600,000 versus a total put value of 267,300,000 Combined total value = 416,172,900,000
Strike 1880 has a total call value of 442,614,150,000 versus a total put value of 178,200,000 Combined total value = 442,792,350,000
Strike 1890 has a total call value of 469,409,050,000 versus a total put value of 89,100,000 Combined total value = 469,498,150,000
Strike 1900 has a total call value of 496,203,950,000 versus a total put value of 0 Combined total value = 496,203,950,000
Strike 1910 has a total call value of 523,250,750,000 versus a total put value of 0 Combined total value = 523,250,750,000
Strike 1920 has a total call value of 550,297,550,000 versus a total put value of 0 Combined total value = 550,297,550,000
Strike 1930 has a total call value of 577,388,900,000 versus a total put value of 0 Combined total value = 577,388,900,000
Strike 1940 has a total call value of 604,480,250,000 versus a total put value of 0 Combined total value = 604,480,250,000
Strike 1950 has a total call value of 631,575,450,000 versus a total put value of 0 Combined total value = 631,575,450,000
Strike 1960 has a total call value of 658,670,650,000 versus a total put value of 0 Combined total value = 658,670,650,000
Strike 1970 has a total call value of 685,810,400,000 versus a total put value of 0 Combined total value = 685,810,400,000
Strike 1980 has a total call value of 712,950,150,000 versus a total put value of 0 Combined total value = 712,950,150,000
Strike 1990 has a total call value of 740,089,900,000 versus a total put value of 0 Combined total value = 740,089,900,000
Strike 2000 has a total call value of 767,229,650,000 versus a total put value of 0 Combined total value = 767,229,650,000
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.