HDFCLIFE
Hdfc Life Ins Co Ltd
Max pain for HDFCLIFE
11 Oct 2024 04:12 PM IST
Max Pain for HDFCLIFE is 720
Strike 600 has a total call value of 0 versus a total put value of 62,931,550,000 Combined total value = 62,931,550,000
Strike 605 has a total call value of 0 versus a total put value of 59,650,800,000 Combined total value = 59,650,800,000
Strike 610 has a total call value of 0 versus a total put value of 56,370,050,000 Combined total value = 56,370,050,000
Strike 615 has a total call value of 0 versus a total put value of 53,208,650,000 Combined total value = 53,208,650,000
Strike 620 has a total call value of 0 versus a total put value of 50,047,250,000 Combined total value = 50,047,250,000
Strike 625 has a total call value of 0 versus a total put value of 46,885,850,000 Combined total value = 46,885,850,000
Strike 630 has a total call value of 0 versus a total put value of 43,724,450,000 Combined total value = 43,724,450,000
Strike 635 has a total call value of 0 versus a total put value of 40,571,300,000 Combined total value = 40,571,300,000
Strike 640 has a total call value of 0 versus a total put value of 37,418,150,000 Combined total value = 37,418,150,000
Strike 645 has a total call value of 0 versus a total put value of 34,337,600,000 Combined total value = 34,337,600,000
Strike 650 has a total call value of 0 versus a total put value of 31,257,050,000 Combined total value = 31,257,050,000
Strike 655 has a total call value of 0 versus a total put value of 28,409,150,000 Combined total value = 28,409,150,000
Strike 660 has a total call value of 0 versus a total put value of 25,561,250,000 Combined total value = 25,561,250,000
Strike 665 has a total call value of 0 versus a total put value of 22,786,500,000 Combined total value = 22,786,500,000
Strike 670 has a total call value of 0 versus a total put value of 20,024,950,000 Combined total value = 20,024,950,000
Strike 675 has a total call value of 0 versus a total put value of 17,394,300,000 Combined total value = 17,394,300,000
Strike 680 has a total call value of 0 versus a total put value of 14,784,550,000 Combined total value = 14,784,550,000
Strike 685 has a total call value of 0 versus a total put value of 12,504,250,000 Combined total value = 12,504,250,000
Strike 690 has a total call value of 0 versus a total put value of 10,248,700,000 Combined total value = 10,248,700,000
Strike 695 has a total call value of 0 versus a total put value of 8,166,950,000 Combined total value = 8,166,950,000
Strike 700 has a total call value of 0 versus a total put value of 6,112,150,000 Combined total value = 6,112,150,000
Strike 705 has a total call value of 181,500,000 versus a total put value of 4,840,000,000 Combined total value = 5,021,500,000
Strike 710 has a total call value of 414,150,000 versus a total put value of 3,658,600,000 Combined total value = 4,072,750,000
Strike 715 has a total call value of 829,400,000 versus a total put value of 2,749,450,000 Combined total value = 3,578,850,000
Strike 720 has a total call value of 1,383,250,000 versus a total put value of 1,939,300,000 Combined total value = 3,322,550,000
Strike 725 has a total call value of 2,372,150,000 versus a total put value of 1,413,500,000 Combined total value = 3,785,650,000
Strike 730 has a total call value of 3,635,500,000 versus a total put value of 1,007,600,000 Combined total value = 4,643,100,000
Strike 735 has a total call value of 5,565,450,000 versus a total put value of 698,500,000 Combined total value = 6,263,950,000
Strike 740 has a total call value of 7,753,900,000 versus a total put value of 427,350,000 Combined total value = 8,181,250,000
Strike 745 has a total call value of 11,075,350,000 versus a total put value of 295,900,000 Combined total value = 11,371,250,000
Strike 750 has a total call value of 14,473,800,000 versus a total put value of 172,700,000 Combined total value = 14,646,500,000
Strike 755 has a total call value of 20,411,600,000 versus a total put value of 138,600,000 Combined total value = 20,550,200,000
Strike 760 has a total call value of 26,428,050,000 versus a total put value of 106,700,000 Combined total value = 26,534,750,000
Strike 765 has a total call value of 32,739,850,000 versus a total put value of 88,000,000 Combined total value = 32,827,850,000
Strike 770 has a total call value of 39,086,300,000 versus a total put value of 69,300,000 Combined total value = 39,155,600,000
Strike 775 has a total call value of 45,647,800,000 versus a total put value of 57,750,000 Combined total value = 45,705,550,000
Strike 780 has a total call value of 52,273,650,000 versus a total put value of 46,200,000 Combined total value = 52,319,850,000
Strike 785 has a total call value of 59,084,850,000 versus a total put value of 34,650,000 Combined total value = 59,119,500,000
Strike 790 has a total call value of 65,924,100,000 versus a total put value of 23,100,000 Combined total value = 65,947,200,000
Strike 795 has a total call value of 72,793,600,000 versus a total put value of 11,550,000 Combined total value = 72,805,150,000
Strike 800 has a total call value of 79,670,250,000 versus a total put value of 0 Combined total value = 79,670,250,000
Strike 805 has a total call value of 87,030,350,000 versus a total put value of 0 Combined total value = 87,030,350,000
Strike 810 has a total call value of 94,390,450,000 versus a total put value of 0 Combined total value = 94,390,450,000
Strike 815 has a total call value of 101,825,900,000 versus a total put value of 0 Combined total value = 101,825,900,000
Strike 820 has a total call value of 109,302,600,000 versus a total put value of 0 Combined total value = 109,302,600,000
Strike 825 has a total call value of 116,872,800,000 versus a total put value of 0 Combined total value = 116,872,800,000
Strike 830 has a total call value of 124,443,000,000 versus a total put value of 0 Combined total value = 124,443,000,000
Strike 835 has a total call value of 132,013,200,000 versus a total put value of 0 Combined total value = 132,013,200,000
Strike 840 has a total call value of 139,583,400,000 versus a total put value of 0 Combined total value = 139,583,400,000
Strike 845 has a total call value of 147,176,700,000 versus a total put value of 0 Combined total value = 147,176,700,000
Strike 850 has a total call value of 154,770,000,000 versus a total put value of 0 Combined total value = 154,770,000,000
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.