HDFCBANK
Hdfc Bank Ltd
Max pain for HDFCBANK
03 Apr 2025 04:12 PM IST
Max Pain for HDFCBANK is 1800
Strike 1400 has a total call value of 0 versus a total put value of 540,791,900,000 Combined total value = 540,791,900,000
Strike 1420 has a total call value of 0 versus a total put value of 509,396,800,000 Combined total value = 509,396,800,000
Strike 1440 has a total call value of 0 versus a total put value of 478,001,700,000 Combined total value = 478,001,700,000
Strike 1460 has a total call value of 0 versus a total put value of 446,606,600,000 Combined total value = 446,606,600,000
Strike 1480 has a total call value of 0 versus a total put value of 415,211,500,000 Combined total value = 415,211,500,000
Strike 1500 has a total call value of 0 versus a total put value of 383,871,400,000 Combined total value = 383,871,400,000
Strike 1520 has a total call value of 0 versus a total put value of 352,872,300,000 Combined total value = 352,872,300,000
Strike 1540 has a total call value of 0 versus a total put value of 321,963,400,000 Combined total value = 321,963,400,000
Strike 1560 has a total call value of 0 versus a total put value of 291,393,300,000 Combined total value = 291,393,300,000
Strike 1580 has a total call value of 0 versus a total put value of 261,056,400,000 Combined total value = 261,056,400,000
Strike 1600 has a total call value of 0 versus a total put value of 230,864,700,000 Combined total value = 230,864,700,000
Strike 1620 has a total call value of 81,400,000 versus a total put value of 203,121,600,000 Combined total value = 203,203,000,000
Strike 1640 has a total call value of 167,200,000 versus a total put value of 176,198,000,000 Combined total value = 176,365,200,000
Strike 1660 has a total call value of 253,000,000 versus a total put value of 150,385,400,000 Combined total value = 150,638,400,000
Strike 1680 has a total call value of 338,800,000 versus a total put value of 126,134,800,000 Combined total value = 126,473,600,000
Strike 1700 has a total call value of 559,900,000 versus a total put value of 102,817,000,000 Combined total value = 103,376,900,000
Strike 1720 has a total call value of 1,438,800,000 versus a total put value of 82,882,800,000 Combined total value = 84,321,600,000
Strike 1740 has a total call value of 2,862,200,000 versus a total put value of 64,282,900,000 Combined total value = 67,145,100,000
Strike 1760 has a total call value of 4,827,900,000 versus a total put value of 47,955,600,000 Combined total value = 52,783,500,000
Strike 1780 has a total call value of 7,929,900,000 versus a total put value of 33,937,200,000 Combined total value = 41,867,100,000
Strike 1800 has a total call value of 12,417,900,000 versus a total put value of 23,244,100,000 Combined total value = 35,662,000,000
Strike 1820 has a total call value of 22,492,800,000 versus a total put value of 17,097,300,000 Combined total value = 39,590,100,000
Strike 1840 has a total call value of 36,051,400,000 versus a total put value of 12,211,100,000 Combined total value = 48,262,500,000
Strike 1860 has a total call value of 53,790,000,000 versus a total put value of 8,553,600,000 Combined total value = 62,343,600,000
Strike 1880 has a total call value of 75,581,000,000 versus a total put value of 5,660,600,000 Combined total value = 81,241,600,000
Strike 1900 has a total call value of 99,014,300,000 versus a total put value of 3,011,800,000 Combined total value = 102,026,100,000
Strike 1920 has a total call value of 127,746,300,000 versus a total put value of 2,277,000,000 Combined total value = 130,023,300,000
Strike 1940 has a total call value of 157,850,000,000 versus a total put value of 1,695,100,000 Combined total value = 159,545,100,000
Strike 1960 has a total call value of 189,192,300,000 versus a total put value of 1,113,200,000 Combined total value = 190,305,500,000
Strike 1980 has a total call value of 222,423,300,000 versus a total put value of 618,200,000 Combined total value = 223,041,500,000
Strike 2000 has a total call value of 256,448,500,000 versus a total put value of 123,200,000 Combined total value = 256,571,700,000
Strike 2020 has a total call value of 294,154,300,000 versus a total put value of 92,400,000 Combined total value = 294,246,700,000
Strike 2040 has a total call value of 331,860,100,000 versus a total put value of 61,600,000 Combined total value = 331,921,700,000
Strike 2060 has a total call value of 370,339,200,000 versus a total put value of 30,800,000 Combined total value = 370,370,000,000
Strike 2080 has a total call value of 408,818,300,000 versus a total put value of 0 Combined total value = 408,818,300,000
Strike 2100 has a total call value of 448,120,200,000 versus a total put value of 0 Combined total value = 448,120,200,000
Strike 2120 has a total call value of 487,422,100,000 versus a total put value of 0 Combined total value = 487,422,100,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 1794.85 | 400 |
| ABB | 1794.85 | 5400 |
| ABCAPITAL | 1794.85 | 190 |
| ABFRL | 1794.85 | 265 |
| ACC | 1794.85 | 2000 |
| ADANIENSOL | 1794.85 | 860 |
| ADANIENT | 1794.85 | 2500 |
| ADANIGREEN | 1794.85 | 940 |
| ADANIPORTS | 1794.85 | 1200 |
| ALKEM | 1794.85 | 4950 |
| AMBUJACEM | 1794.85 | 550 |
| ANGELONE | 1794.85 | 2300 |
| APLAPOLLO | 1794.85 | 1520 |
| APOLLOHOSP | 1794.85 | 6700 |
| APOLLOTYRE | 1794.85 | 430 |
| ASHOKLEY | 1794.85 | 210 |
| ASIANPAINT | 1794.85 | 2340 |
| ASTRAL | 1794.85 | 1340 |
| ATGL | 1794.85 | 600 |
| AUBANK | 1794.85 | 550 |
| AUROPHARMA | 1794.85 | 1200 |
| AXISBANK | 1794.85 | 1100 |
| BAJAJ-AUTO | 1794.85 | 8000 |
| BAJAJFINSV | 1794.85 | 1940 |
| BAJFINANCE | 1794.85 | 8700 |
| BALKRISIND | 1794.85 | 2540 |
| BANDHANBNK | 1794.85 | 152.5 |
| BANKBARODA | 1794.85 | 232.5 |
| BANKINDIA | 1794.85 | 111 |
| BEL | 1794.85 | 290 |
| BERGEPAINT | 1794.85 | 500 |
| BHARATFORG | 1794.85 | 1160 |
| BHARTIARTL | 1794.85 | 1740 |
| BHEL | 1794.85 | 220 |
| BIOCON | 1794.85 | 350 |
| BOSCHLTD | 1794.85 | 28000 |
| BPCL | 1794.85 | 280 |
| BRITANNIA | 1794.85 | 4950 |
| BSE | 1794.85 | 5200 |
| BSOFT | 1794.85 | 400 |
| CAMS | 1794.85 | 3700 |
| CANBK | 1794.85 | 92 |
| CDSL | 1794.85 | 1200 |
| CESC | 1794.85 | 155 |
| CGPOWER | 1794.85 | 640 |
| CHAMBLFERT | 1794.85 | 620 |
| CHOLAFIN | 1794.85 | 1500 |
| CIPLA | 1794.85 | 1480 |
| COALINDIA | 1794.85 | 405 |
| COFORGE | 1794.85 | 7500 |
| COLPAL | 1794.85 | 2400 |
| CONCOR | 1794.85 | 710 |
| CROMPTON | 1794.85 | 350 |
| CUMMINSIND | 1794.85 | 3050 |
| CYIENT | 1794.85 | 1240 |
| DABUR | 1794.85 | 480 |
| DALBHARAT | 1794.85 | 1800 |
| DEEPAKNTR | 1794.85 | 2000 |
| DELHIVERY | 1794.85 | 260 |
| DIVISLAB | 1794.85 | 5800 |
| DIXON | 1794.85 | 13500 |
| DLF | 1794.85 | 690 |
| DMART | 1794.85 | 4100 |
| DRREDDY | 1794.85 | 1160 |
| EICHERMOT | 1794.85 | 5400 |
| ESCORTS | 1794.85 | 3250 |
| EXIDEIND | 1794.85 | 370 |
| FEDERALBNK | 1794.85 | 195 |
| GAIL | 1794.85 | 182.5 |
| GLENMARK | 1794.85 | 1520 |
| GMRAIRPORT | 1794.85 | 80 |
| GODREJCP | 1794.85 | 1150 |
| GODREJPROP | 1794.85 | 2100 |
| GOLDM | 1794.85 | 89000 |
| GRANULES | 1794.85 | 500 |
| GRASIM | 1794.85 | 2600 |
| HAL | 1794.85 | 4250 |
| HAVELLS | 1794.85 | 1520 |
| HCLTECH | 1794.85 | 1520 |
| HDFCAMC | 1794.85 | 4050 |
| HDFCBANK | 1794.85 | 1800 |
| HDFCLIFE | 1794.85 | 690 |
| HEROMOTOCO | 1794.85 | 3750 |
| HFCL | 1794.85 | 82.5 |
| HINDALCO | 1794.85 | 670 |
| HINDCOPPER | 1794.85 | 230 |
| HINDPETRO | 1794.85 | 360 |
| HINDUNILVR | 1794.85 | 2260 |
| HINDZINC | 1794.85 | 460 |
| HUDCO | 1794.85 | 205 |
| ICICIBANK | 1794.85 | 1340 |
| ICICIGI | 1794.85 | 1800 |
| ICICIPRULI | 1794.85 | 570 |
| IDEA | 1794.85 | 8 |
| IDFCFIRSTB | 1794.85 | 59 |
| IEX | 1794.85 | 180 |
| IGL | 1794.85 | 200 |
| IIFL | 1794.85 | 335 |
| INDHOTEL | 1794.85 | 820 |
| INDIANB | 1794.85 | 550 |
| INDIGO | 1794.85 | 5000 |
| INDUSINDBK | 1794.85 | 700 |
| INDUSTOWER | 1794.85 | 350 |
| INFY | 1794.85 | 1540 |
| INOXWIND | 1794.85 | 165 |
| IOC | 1794.85 | 132 |
| IRB | 1794.85 | 46 |
| IRCTC | 1794.85 | 740 |
| IREDA | 1794.85 | 160 |
| IRFC | 1794.85 | 125 |
| ITC | 1794.85 | 410 |
| JINDALSTEL | 1794.85 | 920 |
| JIOFIN | 1794.85 | 230 |
| JSL | 1794.85 | 600 |
| JSWENERGY | 1794.85 | 540 |
| JSWSTEEL | 1794.85 | 1050 |
| JUBLFOOD | 1794.85 | 670 |
| KALYANKJIL | 1794.85 | 500 |
| KEI | 1794.85 | 2900 |
| KOTAKBANK | 1794.85 | 2120 |
| KPITTECH | 1794.85 | 1240 |
| LAURUSLABS | 1794.85 | 610 |
| LICHSGFIN | 1794.85 | 570 |
| LICI | 1794.85 | 800 |
| LODHA | 1794.85 | 1200 |
| LT | 1794.85 | 3460 |
| LTF | 1794.85 | 152.5 |
| LTIM | 1794.85 | 4500 |
| LUPIN | 1794.85 | 2100 |
| M&M | 1794.85 | 2700 |
| M&MFIN | 1794.85 | 275 |
| MANAPPURAM | 1794.85 | 230 |
| MARICO | 1794.85 | 650 |
| MARUTI | 1794.85 | 11700 |
| MAXHEALTH | 1794.85 | 1120 |
| MCX | 1794.85 | 5400 |
| MFSL | 1794.85 | 1140 |
| MGL | 1794.85 | 1400 |
| MOTHERSON | 1794.85 | 130 |
| MPHASIS | 1794.85 | 2450 |
| MRF | 1794.85 | 114000 |
| MUTHOOTFIN | 1794.85 | 2300 |
| NATIONALUM | 1794.85 | 180 |
| NAUKRI | 1794.85 | 6900 |
| NBCC | 1794.85 | 82.5 |
| NCC | 1794.85 | 215 |
| NESTLEIND | 1794.85 | 2240 |
| NHPC | 1794.85 | 84 |
| NMDC | 1794.85 | 70 |
| NTPC | 1794.85 | 360 |
| NYKAA | 1794.85 | 177.5 |
| OBEROIRLTY | 1794.85 | 1600 |
| OFSS | 1794.85 | 7750 |
| OIL | 1794.85 | 390 |
| ONGC | 1794.85 | 250 |
| PAGEIND | 1794.85 | 43000 |
| PATANJALI | 1794.85 | 1820 |
| PAYTM | 1794.85 | 800 |
| PEL | 1794.85 | 1000 |
| PERSISTENT | 1794.85 | 5000 |
| PETRONET | 1794.85 | 300 |
| PFC | 1794.85 | 420 |
| PHOENIXLTD | 1794.85 | 1600 |
| PIDILITIND | 1794.85 | 2840 |
| PIIND | 1794.85 | 3500 |
| PNB | 1794.85 | 98 |
| PNBHOUSING | 1794.85 | 900 |
| POLICYBZR | 1794.85 | 1580 |
| POLYCAB | 1794.85 | 5200 |
| POONAWALLA | 1794.85 | 340 |
| POWERGRID | 1794.85 | 295 |
| PRESTIGE | 1794.85 | 1180 |
| RAMCOCEM | 1794.85 | 920 |
| RBLBANK | 1794.85 | 175 |
| RECLTD | 1794.85 | 430 |
| RELIANCE | 1794.85 | 1280 |
| SAIL | 1794.85 | 120 |
| SBICARD | 1794.85 | 860 |
| SBILIFE | 1794.85 | 1540 |
| SBIN | 1794.85 | 780 |
| SHREECEM | 1794.85 | 30500 |
| SHRIRAMFIN | 1794.85 | 650 |
| SIEMENS | 1794.85 | 5300 |
| SILVER | 1794.85 | 97000 |
| SJVN | 1794.85 | 92.5 |
| SOLARINDS | 1794.85 | 11100 |
| SONACOMS | 1794.85 | 460 |
| SRF | 1794.85 | 2900 |
| SUNPHARMA | 1794.85 | 1740 |
| SUPREMEIND | 1794.85 | 3500 |
| SYNGENE | 1794.85 | 740 |
| TATACHEM | 1794.85 | 860 |
| TATACOMM | 1794.85 | 1600 |
| TATACONSUM | 1794.85 | 1040 |
| TATAELXSI | 1794.85 | 5200 |
| TATAMOTORS | 1794.85 | 680 |
| TATAPOWER | 1794.85 | 395 |
| TATASTEEL | 1794.85 | 155 |
| TATATECH | 1794.85 | 680 |
| TCS | 1794.85 | 3540 |
| TECHM | 1794.85 | 1400 |
| TIINDIA | 1794.85 | 2750 |
| TITAGARH | 1794.85 | 800 |
| TITAN | 1794.85 | 3100 |
| TORNTPHARM | 1794.85 | 3250 |
| TORNTPOWER | 1794.85 | 1500 |
| TRENT | 1794.85 | 5600 |
| TVSMOTOR | 1794.85 | 2460 |
| ULTRACEMCO | 1794.85 | 11400 |
| UNIONBANK | 1794.85 | 128 |
| UNITDSPR | 1794.85 | 1400 |
| UPL | 1794.85 | 650 |
| VBL | 1794.85 | 530 |
| VEDL | 1794.85 | 460 |
| VOLTAS | 1794.85 | 1380 |
| WIPRO | 1794.85 | 262.5 |
| YESBANK | 1794.85 | 17 |
| ZOMATO | 1794.85 | 210 |
| ZYDUSLIFE | 1794.85 | 910 |
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.
