HDFCBANK
Hdfc Bank Ltd
Max pain for HDFCBANK
20 Dec 2024 04:12 PM IST
Max Pain for HDFCBANK is 1800
Strike 1480 has a total call value of 0 versus a total put value of 612,443,700,000 Combined total value = 612,443,700,000
Strike 1490 has a total call value of 0 versus a total put value of 591,136,150,000 Combined total value = 591,136,150,000
Strike 1500 has a total call value of 0 versus a total put value of 569,828,600,000 Combined total value = 569,828,600,000
Strike 1510 has a total call value of 27,500,000 versus a total put value of 548,827,400,000 Combined total value = 548,854,900,000
Strike 1520 has a total call value of 55,000,000 versus a total put value of 527,826,200,000 Combined total value = 527,881,200,000
Strike 1530 has a total call value of 82,500,000 versus a total put value of 506,825,000,000 Combined total value = 506,907,500,000
Strike 1540 has a total call value of 110,000,000 versus a total put value of 485,823,800,000 Combined total value = 485,933,800,000
Strike 1550 has a total call value of 137,500,000 versus a total put value of 464,850,100,000 Combined total value = 464,987,600,000
Strike 1560 has a total call value of 165,000,000 versus a total put value of 443,876,400,000 Combined total value = 444,041,400,000
Strike 1570 has a total call value of 192,500,000 versus a total put value of 423,078,150,000 Combined total value = 423,270,650,000
Strike 1580 has a total call value of 220,000,000 versus a total put value of 402,283,750,000 Combined total value = 402,503,750,000
Strike 1590 has a total call value of 247,500,000 versus a total put value of 381,609,250,000 Combined total value = 381,856,750,000
Strike 1600 has a total call value of 275,000,000 versus a total put value of 360,947,400,000 Combined total value = 361,222,400,000
Strike 1610 has a total call value of 324,500,000 versus a total put value of 340,968,100,000 Combined total value = 341,292,600,000
Strike 1620 has a total call value of 374,000,000 versus a total put value of 321,065,250,000 Combined total value = 321,439,250,000
Strike 1630 has a total call value of 423,500,000 versus a total put value of 301,539,150,000 Combined total value = 301,962,650,000
Strike 1640 has a total call value of 473,000,000 versus a total put value of 282,058,700,000 Combined total value = 282,531,700,000
Strike 1650 has a total call value of 523,050,000 versus a total put value of 262,885,700,000 Combined total value = 263,408,750,000
Strike 1660 has a total call value of 657,800,000 versus a total put value of 244,162,050,000 Combined total value = 244,819,850,000
Strike 1670 has a total call value of 796,400,000 versus a total put value of 225,603,400,000 Combined total value = 226,399,800,000
Strike 1680 has a total call value of 935,000,000 versus a total put value of 207,150,350,000 Combined total value = 208,085,350,000
Strike 1690 has a total call value of 1,097,250,000 versus a total put value of 188,924,450,000 Combined total value = 190,021,700,000
Strike 1700 has a total call value of 1,265,550,000 versus a total put value of 170,881,150,000 Combined total value = 172,146,700,000
Strike 1710 has a total call value of 1,645,600,000 versus a total put value of 154,698,500,000 Combined total value = 156,344,100,000
Strike 1720 has a total call value of 2,077,350,000 versus a total put value of 138,873,350,000 Combined total value = 140,950,700,000
Strike 1730 has a total call value of 2,605,900,000 versus a total put value of 123,633,400,000 Combined total value = 126,239,300,000
Strike 1740 has a total call value of 3,200,450,000 versus a total put value of 108,937,400,000 Combined total value = 112,137,850,000
Strike 1750 has a total call value of 3,982,550,000 versus a total put value of 94,816,700,000 Combined total value = 98,799,250,000
Strike 1760 has a total call value of 5,126,000,000 versus a total put value of 81,989,600,000 Combined total value = 87,115,600,000
Strike 1770 has a total call value of 6,571,950,000 versus a total put value of 69,931,400,000 Combined total value = 76,503,350,000
Strike 1780 has a total call value of 8,370,450,000 versus a total put value of 58,890,150,000 Combined total value = 67,260,600,000
Strike 1790 has a total call value of 10,905,400,000 versus a total put value of 48,836,700,000 Combined total value = 59,742,100,000
Strike 1800 has a total call value of 14,047,550,000 versus a total put value of 39,573,050,000 Combined total value = 53,620,600,000
Strike 1810 has a total call value of 21,943,350,000 versus a total put value of 32,574,850,000 Combined total value = 54,518,200,000
Strike 1820 has a total call value of 32,157,400,000 versus a total put value of 26,074,400,000 Combined total value = 58,231,800,000
Strike 1830 has a total call value of 44,959,200,000 versus a total put value of 20,520,500,000 Combined total value = 65,479,700,000
Strike 1840 has a total call value of 60,291,550,000 versus a total put value of 15,671,700,000 Combined total value = 75,963,250,000
Strike 1850 has a total call value of 77,653,950,000 versus a total put value of 11,469,700,000 Combined total value = 89,123,650,000
Strike 1860 has a total call value of 98,566,050,000 versus a total put value of 8,115,800,000 Combined total value = 106,681,850,000
Strike 1870 has a total call value of 122,593,350,000 versus a total put value of 5,886,650,000 Combined total value = 128,480,000,000
Strike 1880 has a total call value of 151,505,750,000 versus a total put value of 4,139,300,000 Combined total value = 155,645,050,000
Strike 1890 has a total call value of 182,846,400,000 versus a total put value of 2,946,350,000 Combined total value = 185,792,750,000
Strike 1900 has a total call value of 215,773,800,000 versus a total put value of 1,951,950,000 Combined total value = 217,725,750,000
Strike 1910 has a total call value of 254,408,000,000 versus a total put value of 1,705,000,000 Combined total value = 256,113,000,000
Strike 1920 has a total call value of 293,530,600,000 versus a total put value of 1,458,050,000 Combined total value = 294,988,650,000
Strike 1930 has a total call value of 334,069,450,000 versus a total put value of 1,260,050,000 Combined total value = 335,329,500,000
Strike 1940 has a total call value of 375,414,600,000 versus a total put value of 1,062,050,000 Combined total value = 376,476,650,000
Strike 1950 has a total call value of 417,624,900,000 versus a total put value of 864,050,000 Combined total value = 418,488,950,000
Strike 1960 has a total call value of 460,477,050,000 versus a total put value of 693,000,000 Combined total value = 461,170,050,000
Strike 1970 has a total call value of 504,257,050,000 versus a total put value of 521,950,000 Combined total value = 504,779,000,000
Strike 1980 has a total call value of 548,161,900,000 versus a total put value of 350,900,000 Combined total value = 548,512,800,000
Strike 1990 has a total call value of 592,502,900,000 versus a total put value of 179,850,000 Combined total value = 592,682,750,000
Strike 2000 has a total call value of 636,959,950,000 versus a total put value of 8,800,000 Combined total value = 636,968,750,000
Strike 2010 has a total call value of 683,885,950,000 versus a total put value of 4,400,000 Combined total value = 683,890,350,000
Strike 2020 has a total call value of 730,811,950,000 versus a total put value of 0 Combined total value = 730,811,950,000
Strike 2030 has a total call value of 778,383,100,000 versus a total put value of 0 Combined total value = 778,383,100,000
Strike 2040 has a total call value of 825,954,250,000 versus a total put value of 0 Combined total value = 825,954,250,000
Strike 2050 has a total call value of 873,879,600,000 versus a total put value of 0 Combined total value = 873,879,600,000
Strike 2060 has a total call value of 921,804,950,000 versus a total put value of 0 Combined total value = 921,804,950,000
Strike 2070 has a total call value of 969,910,700,000 versus a total put value of 0 Combined total value = 969,910,700,000
Strike 2080 has a total call value of 1,018,016,450,000 versus a total put value of 0 Combined total value = 1,018,016,450,000
Strike 2090 has a total call value of 1,066,260,250,000 versus a total put value of 0 Combined total value = 1,066,260,250,000
Strike 2100 has a total call value of 1,114,504,050,000 versus a total put value of 0 Combined total value = 1,114,504,050,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 403.85 | 450 |
| ABB | 6921.25 | 7300 |
| ABBOTINDIA | 28655.35 | 28000 |
| ABCAPITAL | 186.21 | 200 |
| ABFRL | 282.2 | 300 |
| ACC | 2063.65 | 2260 |
| ADANIENSOL | 767.55 | 800 |
| ADANIENT | 2344.95 | 2500 |
| ADANIGREEN | 1034.35 | 1120 |
| ADANIPORTS | 1182.45 | 1240 |
| ALKEM | 5427.5 | 5500 |
| AMBUJACEM | 548.8 | 560 |
| ANGELONE | 2881.7 | 3100 |
| APLAPOLLO | 1559 | 1600 |
| APOLLOHOSP | 7251.7 | 7200 |
| APOLLOTYRE | 531.95 | 530 |
| ASHOKLEY | 217.28 | 225 |
| ASIANPAINT | 2282.35 | 2400 |
| ASTRAL | 1734.6 | 1820 |
| ATGL | 674.35 | 720 |
| ATUL | 7023.15 | 7300 |
| AUBANK | 537.6 | 570 |
| AUROPHARMA | 1241.7 | 1240 |
| AXISBANK | 1071.85 | 1120 |
| BAJAJ-AUTO | 8787.25 | 9000 |
| BAJAJFINSV | 1569.65 | 1640 |
| BAJFINANCE | 6848.25 | 7000 |
| BALKRISIND | 2790.05 | 2800 |
| BANDHANBNK | 159.05 | 170 |
| BANKBARODA | 240.59 | 250 |
| BANKINDIA | 103.03 | 110 |
| BATAINDIA | 1342.25 | 1400 |
| BEL | 290.85 | 310 |
| BERGEPAINT | 444.8 | 465 |
| BHARATFORG | 1278.9 | 1340 |
| BHARTIARTL | 1578.1 | 1600 |
| BHEL | 235.3 | 250 |
| BIOCON | 335.95 | 355 |
| BOSCHLTD | 34576.95 | 35000 |
| BPCL | 289.05 | 295 |
| BRITANNIA | 4698.1 | 4800 |
| BSE | 5542.85 | 5300 |
| BSOFT | 577 | 600 |
| CAMS | 4951 | 5100 |
| CANBK | 99.61 | 104 |
| CANFINHOME | 747.7 | 790 |
| CDSL | 1860.75 | 1860 |
| CESC | 182.74 | 190 |
| CGPOWER | 730.05 | 760 |
| CHAMBLFERT | 509.15 | 520 |
| CHOLAFIN | 1189.55 | 1260 |
| CIPLA | 1472.05 | 1480 |
| COALINDIA | 382 | 414.25 |
| COFORGE | 9370.45 | 9200 |
| COLPAL | 2750.85 | 2850 |
| CONCOR | 767.95 | 830 |
| COROMANDEL | 1839.3 | 1800 |
| CROMPTON | 388.25 | 405 |
| CUB | 175.42 | 180 |
| CUMMINSIND | 3312.9 | 3450 |
| CYIENT | 1924.4 | 2000 |
| DABUR | 502.55 | 510 |
| DALBHARAT | 1801.9 | 1880 |
| DEEPAKNTR | 2596.85 | 2700 |
| DELHIVERY | 349.6 | 365 |
| DIVISLAB | 5846.75 | 6000 |
| DIXON | 17944.9 | 18000 |
| DLF | 830.7 | 850 |
| DMART | 3408.3 | 3600 |
| DRREDDY | 1343.65 | 1300 |
| EICHERMOT | 4734.5 | 4800 |
| ESCORTS | 3162.05 | 3350 |
| EXIDEIND | 426.3 | 450 |
| FEDERALBNK | 194.46 | 205 |
| GAIL | 192.42 | 200 |
| GLENMARK | 1541.65 | 1520 |
| GMRAIRPORT | 78.82 | 85 |
| GMRINFRA | 0 | 36 |
| GNFC | 583.8 | 610 |
| GODREJCP | 1069.6 | 1120 |
| GODREJPROP | 2855.95 | 2900 |
| GRANULES | 592.4 | 580 |
| GRASIM | 2488.7 | 2620 |
| GUJGASLTD | 499.8 | 500 |
| HAL | 4190.2 | 4500 |
| HAVELLS | 1657.4 | 1720 |
| HCLTECH | 1911.35 | 1900 |
| HDFCAMC | 4262.8 | 4400 |
| HDFCBANK | 1771.5 | 1800 |
| HDFCLIFE | 623.8 | 640 |
| HEROMOTOCO | 4339.95 | 4600 |
| HFCL | 113.35 | 120 |
| HINDALCO | 622.65 | 650 |
| HINDCOPPER | 271.5 | 290 |
| HINDPETRO | 399.5 | 400 |
| HINDUNILVR | 2333.9 | 2400 |
| HUDCO | 242.11 | 245 |
| ICICIBANK | 1288.4 | 1300 |
| ICICIGI | 1902.15 | 1920 |
| ICICIPRULI | 653.9 | 670 |
| IDEA | 7.4 | 8 |
| IDFCFIRSTB | 61.68 | 65 |
| IEX | 177.45 | 182.5 |
| IGL | 388.3 | 370 |
| INDHOTEL | 854.1 | 850 |
| INDIAMART | 2249.95 | 2350 |
| INDIANB | 537.15 | 580 |
| INDIGO | 4395.6 | 4400 |
| INDUSINDBK | 929.45 | 980 |
| INDUSTOWER | 337.1 | 350 |
| INFY | 1922.15 | 1920 |
| IOC | 137.08 | 142.5 |
| IPCALAB | 1582.5 | 1560 |
| IRB | 55.09 | 57 |
| IRCTC | 784.25 | 830 |
| IRFC | 148.41 | 155 |
| ITC | 464.65 | 470 |
| JINDALSTEL | 908.05 | 940 |
| JIOFIN | 304.3 | 325 |
| JKCEMENT | 4517.8 | 4600 |
| JSL | 719.8 | 730 |
| JSWENERGY | 669.8 | 660 |
| JSWSTEEL | 917.35 | 950 |
| JUBLFOOD | 672.7 | 670 |
| KALYANKJIL | 719.2 | 740 |
| KEI | 4166.25 | 4400 |
| KOTAKBANK | 1743.55 | 1780 |
| KPITTECH | 1451.25 | 1500 |
| LALPATHLAB | 2946.25 | 3050 |
| LAURUSLABS | 559.2 | 570 |
| LICHSGFIN | 582.25 | 620 |
| LICI | 901.7 | 940 |
| LODHA | 1400.7 | 1440 |
| LT | 3629.85 | 3750 |
| LTF | 136.48 | 145 |
| LTIM | 5824.3 | 6150 |
| LTTS | 4828.5 | 5200 |
| LUPIN | 2150.7 | 2100 |
| M&M | 2906.35 | 3000 |
| M&MFIN | 266.05 | 275 |
| MANAPPURAM | 181.03 | 180 |
| MARICO | 627.95 | 630 |
| MARUTI | 10901.05 | 11100 |
| MAXHEALTH | 1165.2 | 1140 |
| MCX | 6397.4 | 6500 |
| METROPOLIS | 2058.05 | 2120 |
| MFSL | 1109.2 | 1140 |
| MGL | 1215.3 | 1260 |
| MOTHERSON | 156.06 | 165 |
| MPHASIS | 2950.6 | 3100 |
| MRF | 128057.9 | 130000 |
| MUTHOOTFIN | 2075.65 | 2060 |
| NATIONALUM | 215.36 | 232.5 |
| NAUKRI | 8494.95 | 8600 |
| NAVINFLUOR | 3305.85 | 3500 |
| NCC | 287.55 | 300 |
| NESTLEIND | 2163.5 | 2220 |
| NHPC | 81.47 | 85 |
| NMDC | 213.15 | 230 |
| NTPC | 333.25 | 350 |
| NYKAA | 167.33 | 170 |
| OBEROIRLTY | 2247.8 | 2200 |
| OFSS | 12247.55 | 12500 |
| OIL | 421.8 | 450 |
| ONGC | 237.1 | 250 |
| PAGEIND | 48856.35 | 48500 |
| PAYTM | 945.25 | 980 |
| PEL | 1093.7 | 1160 |
| PERSISTENT | 6368.7 | 6400 |
| PETRONET | 336.45 | 340 |
| PFC | 453.3 | 480 |
| PIDILITIND | 2976.8 | 3080 |
| PIIND | 3813.75 | 4000 |
| PNB | 100.77 | 105 |
| POLICYBZR | 2092.15 | 2000 |
| POLYCAB | 7178.25 | 7300 |
| POONAWALLA | 318.85 | 340 |
| POWERGRID | 315.8 | 325 |
| PRESTIGE | 1794.5 | 1800 |
| PVRINOX | 1382.1 | 1520 |
| RAMCOCEM | 986.1 | 1010 |
| RBLBANK | 152.79 | 160 |
| RECLTD | 513.25 | 530 |
| RELIANCE | 1205.3 | 1280 |
| SAIL | 116.1 | 125 |
| SBICARD | 687 | 710 |
| SBILIFE | 1400.6 | 1420 |
| SBIN | 812 | 840 |
| SHREECEM | 27063.5 | 27000 |
| SHRIRAMFIN | 2877.25 | 3000 |
| SIEMENS | 6868.9 | 7300 |
| SJVN | 111.54 | 117.5 |
| SONACOMS | 588.45 | 620 |
| SRF | 2277.6 | 2300 |
| SUNPHARMA | 1808.85 | 1800 |
| SUNTV | 696.85 | 730 |
| SUPREMEIND | 4839.8 | 4900 |
| SYNGENE | 844 | 860 |
| TATACHEM | 1028.85 | 1080 |
| TATACOMM | 1710.45 | 1800 |
| TATACONSUM | 889.45 | 930 |
| TATAELXSI | 6921.6 | 7200 |
| TATAMOTORS | 724.05 | 770 |
| TATAPOWER | 401.1 | 420 |
| TATASTEEL | 140.68 | 147.5 |
| TCS | 4170.3 | 4300 |
| TECHM | 1686.05 | 1740 |
| TIINDIA | 3619.1 | 3700 |
| TITAN | 3356.25 | 3400 |
| TORNTPHARM | 3437 | 3400 |
| TRENT | 6831.55 | 6900 |
| TVSMOTOR | 2391.65 | 2500 |
| UBL | 2025.35 | 2000 |
| ULTRACEMCO | 11422.8 | 11500 |
| UNIONBANK | 116.78 | 125 |
| UNITDSPR | 1544.8 | 1540 |
| UPL | 504.5 | 537.2 |
| VBL | 612.55 | 630 |
| VEDL | 477.25 | 490 |
| VOLTAS | 1686.5 | 1740 |
| WIPRO | 305.2 | 302.5 |
| YESBANK | 19.83 | 21 |
| ZOMATO | 282.1 | 285 |
| ZYDUSLIFE | 973.5 | 980 |
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.
