HDFCBANK
Hdfc Bank Ltd
Max pain for HDFCBANK
21 Nov 2024 02:13 PM IST
Max Pain for HDFCBANK is 1740
Strike 1400 has a total call value of 0 versus a total put value of 559,790,000,000 Combined total value = 559,790,000,000
Strike 1410 has a total call value of 0 versus a total put value of 540,458,050,000 Combined total value = 540,458,050,000
Strike 1420 has a total call value of 0 versus a total put value of 521,126,100,000 Combined total value = 521,126,100,000
Strike 1430 has a total call value of 0 versus a total put value of 501,794,150,000 Combined total value = 501,794,150,000
Strike 1440 has a total call value of 0 versus a total put value of 482,462,200,000 Combined total value = 482,462,200,000
Strike 1450 has a total call value of 0 versus a total put value of 463,133,000,000 Combined total value = 463,133,000,000
Strike 1460 has a total call value of 0 versus a total put value of 443,803,800,000 Combined total value = 443,803,800,000
Strike 1470 has a total call value of 0 versus a total put value of 424,474,600,000 Combined total value = 424,474,600,000
Strike 1480 has a total call value of 0 versus a total put value of 405,145,400,000 Combined total value = 405,145,400,000
Strike 1490 has a total call value of 0 versus a total put value of 385,816,200,000 Combined total value = 385,816,200,000
Strike 1500 has a total call value of 0 versus a total put value of 366,487,000,000 Combined total value = 366,487,000,000
Strike 1510 has a total call value of 20,350,000 versus a total put value of 347,542,800,000 Combined total value = 347,563,150,000
Strike 1520 has a total call value of 40,700,000 versus a total put value of 328,598,600,000 Combined total value = 328,639,300,000
Strike 1530 has a total call value of 61,050,000 versus a total put value of 309,696,200,000 Combined total value = 309,757,250,000
Strike 1540 has a total call value of 81,400,000 versus a total put value of 290,793,800,000 Combined total value = 290,875,200,000
Strike 1550 has a total call value of 101,750,000 versus a total put value of 271,977,750,000 Combined total value = 272,079,500,000
Strike 1560 has a total call value of 122,100,000 versus a total put value of 253,422,950,000 Combined total value = 253,545,050,000
Strike 1570 has a total call value of 142,450,000 versus a total put value of 235,078,800,000 Combined total value = 235,221,250,000
Strike 1580 has a total call value of 162,800,000 versus a total put value of 216,876,000,000 Combined total value = 217,038,800,000
Strike 1590 has a total call value of 183,700,000 versus a total put value of 198,941,600,000 Combined total value = 199,125,300,000
Strike 1600 has a total call value of 204,600,000 versus a total put value of 181,190,900,000 Combined total value = 181,395,500,000
Strike 1610 has a total call value of 303,050,000 versus a total put value of 165,033,000,000 Combined total value = 165,336,050,000
Strike 1620 has a total call value of 446,600,000 versus a total put value of 149,010,400,000 Combined total value = 149,457,000,000
Strike 1630 has a total call value of 608,300,000 versus a total put value of 133,296,350,000 Combined total value = 133,904,650,000
Strike 1640 has a total call value of 770,000,000 versus a total put value of 117,839,700,000 Combined total value = 118,609,700,000
Strike 1650 has a total call value of 1,081,300,000 versus a total put value of 103,507,250,000 Combined total value = 104,588,550,000
Strike 1660 has a total call value of 1,598,300,000 versus a total put value of 90,077,350,000 Combined total value = 91,675,650,000
Strike 1670 has a total call value of 2,253,900,000 versus a total put value of 77,522,500,000 Combined total value = 79,776,400,000
Strike 1680 has a total call value of 3,031,600,000 versus a total put value of 65,497,850,000 Combined total value = 68,529,450,000
Strike 1690 has a total call value of 4,016,100,000 versus a total put value of 54,324,600,000 Combined total value = 58,340,700,000
Strike 1700 has a total call value of 5,266,250,000 versus a total put value of 43,702,450,000 Combined total value = 48,968,700,000
Strike 1710 has a total call value of 7,720,350,000 versus a total put value of 35,328,150,000 Combined total value = 43,048,500,000
Strike 1720 has a total call value of 10,783,300,000 versus a total put value of 27,614,950,000 Combined total value = 38,398,250,000
Strike 1730 has a total call value of 14,916,000,000 versus a total put value of 21,170,050,000 Combined total value = 36,086,050,000
Strike 1740 has a total call value of 20,044,200,000 versus a total put value of 15,813,050,000 Combined total value = 35,857,250,000
Strike 1750 has a total call value of 29,008,100,000 versus a total put value of 12,158,300,000 Combined total value = 41,166,400,000
Strike 1760 has a total call value of 42,670,650,000 versus a total put value of 9,624,450,000 Combined total value = 52,295,100,000
Strike 1770 has a total call value of 59,955,500,000 versus a total put value of 7,592,750,000 Combined total value = 67,548,250,000
Strike 1780 has a total call value of 78,753,950,000 versus a total put value of 5,883,900,000 Combined total value = 84,637,850,000
Strike 1790 has a total call value of 99,894,300,000 versus a total put value of 4,373,050,000 Combined total value = 104,267,350,000
Strike 1800 has a total call value of 122,225,950,000 versus a total put value of 2,930,950,000 Combined total value = 125,156,900,000
Strike 1810 has a total call value of 150,497,600,000 versus a total put value of 2,565,750,000 Combined total value = 153,063,350,000
Strike 1820 has a total call value of 179,645,950,000 versus a total put value of 2,242,900,000 Combined total value = 181,888,850,000
Strike 1830 has a total call value of 209,660,000,000 versus a total put value of 1,933,250,000 Combined total value = 211,593,250,000
Strike 1840 has a total call value of 240,268,050,000 versus a total put value of 1,638,450,000 Combined total value = 241,906,500,000
Strike 1850 has a total call value of 271,814,400,000 versus a total put value of 1,402,500,000 Combined total value = 273,216,900,000
Strike 1860 has a total call value of 304,161,550,000 versus a total put value of 1,199,000,000 Combined total value = 305,360,550,000
Strike 1870 has a total call value of 336,745,200,000 versus a total put value of 995,500,000 Combined total value = 337,740,700,000
Strike 1880 has a total call value of 369,479,550,000 versus a total put value of 792,000,000 Combined total value = 370,271,550,000
Strike 1890 has a total call value of 402,498,250,000 versus a total put value of 588,500,000 Combined total value = 403,086,750,000
Strike 1900 has a total call value of 435,516,950,000 versus a total put value of 385,000,000 Combined total value = 435,901,950,000
Strike 1910 has a total call value of 469,943,650,000 versus a total put value of 346,500,000 Combined total value = 470,290,150,000
Strike 1920 has a total call value of 504,370,350,000 versus a total put value of 308,000,000 Combined total value = 504,678,350,000
Strike 1930 has a total call value of 539,222,750,000 versus a total put value of 269,500,000 Combined total value = 539,492,250,000
Strike 1940 has a total call value of 574,075,150,000 versus a total put value of 231,000,000 Combined total value = 574,306,150,000
Strike 1950 has a total call value of 609,191,550,000 versus a total put value of 192,500,000 Combined total value = 609,384,050,000
Strike 1960 has a total call value of 644,307,950,000 versus a total put value of 154,000,000 Combined total value = 644,461,950,000
Strike 1970 has a total call value of 679,499,700,000 versus a total put value of 115,500,000 Combined total value = 679,615,200,000
Strike 1980 has a total call value of 714,691,450,000 versus a total put value of 77,000,000 Combined total value = 714,768,450,000
Strike 1990 has a total call value of 749,883,200,000 versus a total put value of 38,500,000 Combined total value = 749,921,700,000
Strike 2000 has a total call value of 785,074,950,000 versus a total put value of 0 Combined total value = 785,074,950,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.95 | 470 |
| ABB | 6766.95 | 7000 |
| ABBOTINDIA | 26956.55 | 28000 |
| ABCAPITAL | 184 | 200 |
| ABFRL | 285.9 | 300 |
| ACC | 2034.5 | 2240 |
| ADANIENT | 2290.25 | 2640 |
| ADANIPORTS | 1134.1 | 1200 |
| ALKEM | 5566.45 | 5500 |
| AMBUJACEM | 497 | 540 |
| APOLLOHOSP | 6722.2 | 6900 |
| APOLLOTYRE | 484 | 480 |
| ASHOKLEY | 217.52 | 220 |
| ASIANPAINT | 2429 | 2540 |
| ASTRAL | 1713.1 | 1780 |
| ATUL | 7246.65 | 7500 |
| AUBANK | 593.4 | 590 |
| AUROPHARMA | 1218.2 | 1300 |
| AXISBANK | 1141.65 | 1150 |
| BAJAJ-AUTO | 9490.65 | 9700 |
| BAJAJFINSV | 1574.35 | 1620 |
| BAJFINANCE | 6493.35 | 6700 |
| BALKRISIND | 2741.55 | 2800 |
| BANDHANBNK | 166.64 | 177.5 |
| BANKBARODA | 229.8 | 240 |
| BATAINDIA | 1280.95 | 1310 |
| BEL | 274.9 | 285 |
| BERGEPAINT | 466.55 | 495 |
| BHARATFORG | 1295.6 | 1340 |
| BHARTIARTL | 1521.9 | 1560 |
| BHEL | 228 | 235 |
| BIOCON | 324.4 | 330 |
| BOSCHLTD | 34078.05 | 34000 |
| BPCL | 282.15 | 300 |
| BRITANNIA | 4772.95 | 5000 |
| BSOFT | 544.8 | 560 |
| CANBK | 94.92 | 100 |
| CANFINHOME | 823.6 | 830 |
| CHAMBLFERT | 459.8 | 480 |
| CHOLAFIN | 1210.3 | 1240 |
| CIPLA | 1456.75 | 1520 |
| COALINDIA | 405.35 | 425 |
| COFORGE | 8208.75 | 8000 |
| COLPAL | 2687.1 | 2800 |
| CONCOR | 768.5 | 810 |
| COROMANDEL | 1776 | 1720 |
| CROMPTON | 381.8 | 390 |
| CUB | 170.55 | 175 |
| CUMMINSIND | 3291.65 | 3400 |
| DABUR | 505.35 | 525 |
| DALBHARAT | 1776.2 | 1760 |
| DEEPAKNTR | 2622.7 | 2650 |
| DIVISLAB | 5950.55 | 5900 |
| DIXON | 15032.6 | 14750 |
| DLF | 776.7 | 780 |
| DRREDDY | 1193.35 | 1220 |
| EICHERMOT | 4911.4 | 4900 |
| ESCORTS | 3460.5 | 3600 |
| EXIDEIND | 415.75 | 440 |
| FEDERALBNK | 210.89 | 205 |
| GAIL | 188.72 | 197.5 |
| GLENMARK | 1463.85 | 1520 |
| GMRINFRA | 76.94 | 82 |
| GNFC | 557.1 | 570 |
| GODREJCP | 1180.2 | 1200 |
| GODREJPROP | 2715.1 | 2750 |
| GRANULES | 544.85 | 580 |
| GRASIM | 2541.75 | 2540 |
| GUJGASLTD | 453.75 | 480 |
| HAL | 3993.9 | 4200 |
| HAVELLS | 1631.25 | 1640 |
| HCLTECH | 1831.15 | 1820 |
| HDFCAMC | 4209.8 | 4300 |
| HDFCBANK | 1743.05 | 1740 |
| HDFCLIFE | 673.65 | 680 |
| HEROMOTOCO | 4752.85 | 4800 |
| HINDALCO | 646.05 | 650 |
| HINDCOPPER | 263.6 | 290 |
| HINDPETRO | 360.2 | 375 |
| HINDUNILVR | 2379.25 | 2480 |
| ICICIBANK | 1252.15 | 1260 |
| ICICIGI | 1819.45 | 1880 |
| ICICIPRULI | 680.05 | 690 |
| IDEA | 6.97 | 8 |
| IDFCFIRSTB | 63.17 | 66 |
| IEX | 161.6 | 170 |
| IGL | 311.1 | 330 |
| INDHOTEL | 790.9 | 760 |
| INDIAMART | 2249.95 | 2400 |
| INDIGO | 4060.3 | 4000 |
| INDUSINDBK | 975 | 1040 |
| INDUSTOWER | 330.6 | 340 |
| INFY | 1827.2 | 1800 |
| IOC | 131.1 | 140 |
| IPCALAB | 1566.95 | 1560 |
| IRCTC | 797 | 820 |
| ITC | 455.95 | 475 |
| JINDALSTEL | 875.05 | 900 |
| JKCEMENT | 4006.15 | 4000 |
| JSWSTEEL | 942.75 | 960 |
| JUBLFOOD | 611.2 | 620 |
| KOTAKBANK | 1735.5 | 1760 |
| LALPATHLAB | 3019.95 | 3100 |
| LAURUSLABS | 487.95 | 490 |
| LICHSGFIN | 611.95 | 630 |
| LT | 3493 | 3600 |
| LTF | 137.98 | 140 |
| LTIM | 5917.05 | 5900 |
| LTTS | 5166 | 5150 |
| LUPIN | 2037.85 | 2100 |
| M&M | 2944.85 | 2900 |
| M&MFIN | 257.2 | 265 |
| MANAPPURAM | 150.9 | 155 |
| MARICO | 590.2 | 600 |
| MARUTI | 10912 | 11000 |
| MCX | 6187.05 | 6200 |
| METROPOLIS | 2010 | 2060 |
| MFSL | 1175.45 | 1200 |
| MGL | 1115.45 | 1160 |
| MOTHERSON | 161.7 | 175 |
| MPHASIS | 2774.6 | 2850 |
| MRF | 123095.85 | 122500 |
| MUTHOOTFIN | 1909 | 1880 |
| NATIONALUM | 249.25 | 240 |
| NAUKRI | 7521.65 | 7700 |
| NAVINFLUOR | 3266 | 3400 |
| NESTLEIND | 2205 | 2280 |
| NMDC | 218.56 | 225 |
| NTPC | 356.25 | 370 |
| OBEROIRLTY | 1933.05 | 1960 |
| OFSS | 11139.95 | 11500 |
| ONGC | 242 | 250 |
| PAGEIND | 44568.45 | 45500 |
| PEL | 1053.3 | 1060 |
| PERSISTENT | 5733.7 | 5600 |
| PETRONET | 320.85 | 328 |
| PFC | 452.5 | 460 |
| PIDILITIND | 2942.7 | 3060 |
| PIIND | 4131.85 | 4200 |
| PNB | 96.97 | 102 |
| POLYCAB | 6427.1 | 6500 |
| POWERGRID | 322 | 320 |
| PVRINOX | 1444.9 | 1500 |
| RAMCOCEM | 918.1 | 900 |
| RBLBANK | 158.5 | 160 |
| RECLTD | 489.9 | 510 |
| RELIANCE | 1219.95 | 1290 |
| SAIL | 111.16 | 115 |
| SBICARD | 674.05 | 690 |
| SBILIFE | 1483.75 | 1520 |
| SBIN | 781.85 | 800 |
| SHREECEM | 24279 | 24500 |
| SHRIRAMFIN | 2802.1 | 2900 |
| SIEMENS | 6684.9 | 6800 |
| SRF | 2154.8 | 2260 |
| SUNPHARMA | 1764.95 | 1800 |
| SUNTV | 727.8 | 730 |
| SYNGENE | 842.75 | 870 |
| TATACHEM | 1057.85 | 1100 |
| TATACOMM | 1712.15 | 1780 |
| TATACONSUM | 911.85 | 950 |
| TATAMOTORS | 778.25 | 800 |
| TATAPOWER | 410.05 | 420 |
| TATASTEEL | 140.52 | 145 |
| TCS | 4052.55 | 4100 |
| TECHM | 1697.6 | 1680 |
| TITAN | 3164.85 | 3200 |
| TORNTPHARM | 3092.2 | 3150 |
| TRENT | 6460 | 6600 |
| TVSMOTOR | 2399.45 | 2450 |
| UBL | 1819.45 | 1880 |
| ULTRACEMCO | 10924 | 11000 |
| UNITDSPR | 1490.8 | 1480 |
| UPL | 563.7 | 540 |
| VEDL | 442.7 | 460 |
| VOLTAS | 1673.75 | 1700 |
| WIPRO | 556.8 | 560 |
| ZYDUSLIFE | 940.1 | 960 |
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.
