HUDCO
Hsg & Urban Dev Corpn Ltd
Max pain for HUDCO
12 Dec 2024 10:24 AM IST
Max Pain for HUDCO is 245
Strike 200 has a total call value of 0 versus a total put value of 22,163,287,500 Combined total value = 22,163,287,500
Strike 205 has a total call value of 0 versus a total put value of 19,084,750,000 Combined total value = 19,084,750,000
Strike 210 has a total call value of 0 versus a total put value of 16,006,212,500 Combined total value = 16,006,212,500
Strike 215 has a total call value of 0 versus a total put value of 13,204,125,000 Combined total value = 13,204,125,000
Strike 220 has a total call value of 0 versus a total put value of 10,485,700,000 Combined total value = 10,485,700,000
Strike 225 has a total call value of 0 versus a total put value of 7,932,175,000 Combined total value = 7,932,175,000
Strike 230 has a total call value of 0 versus a total put value of 5,529,000,000 Combined total value = 5,529,000,000
Strike 235 has a total call value of 428,012,500 versus a total put value of 3,672,662,500 Combined total value = 4,100,675,000
Strike 240 has a total call value of 856,025,000 versus a total put value of 2,079,437,500 Combined total value = 2,935,462,500
Strike 245 has a total call value of 1,606,562,500 versus a total put value of 1,022,137,500 Combined total value = 2,628,700,000
Strike 250 has a total call value of 2,652,950,000 versus a total put value of 316,462,500 Combined total value = 2,969,412,500
Strike 255 has a total call value of 5,173,737,500 versus a total put value of 109,125,000 Combined total value = 5,282,862,500
Strike 260 has a total call value of 8,486,287,500 versus a total put value of 14,550,000 Combined total value = 8,500,837,500
Strike 265 has a total call value of 12,868,262,500 versus a total put value of 7,275,000 Combined total value = 12,875,537,500
Strike 270 has a total call value of 17,917,112,500 versus a total put value of 0 Combined total value = 17,917,112,500
Strike 275 has a total call value of 23,654,662,500 versus a total put value of 0 Combined total value = 23,654,662,500
Strike 280 has a total call value of 29,554,687,500 versus a total put value of 0 Combined total value = 29,554,687,500
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 442.3 | 450 |
| ABB | 7684.15 | 7600 |
| ABBOTINDIA | 28776.05 | 28000 |
| ABCAPITAL | 200.16 | 200 |
| ABFRL | 305.55 | 310 |
| ACC | 2233.85 | 2260 |
| ADANIENSOL | 791.4 | 800 |
| ADANIENT | 2452.4 | 2500 |
| ADANIGREEN | 1138 | 1200 |
| ADANIPORTS | 1231.65 | 1240 |
| ALKEM | 5458 | 5500 |
| AMBUJACEM | 570.8 | 570 |
| ANGELONE | 3427.55 | 3300 |
| APLAPOLLO | 1600 | 1580 |
| APOLLOHOSP | 7244.4 | 7200 |
| APOLLOTYRE | 542.65 | 530 |
| ASHOKLEY | 230.08 | 230 |
| ASIANPAINT | 2393.1 | 2460 |
| ASTRAL | 1849 | 1860 |
| ATGL | 716.55 | 720 |
| ATUL | 7297.35 | 7400 |
| AUBANK | 593.7 | 590 |
| AUROPHARMA | 1225.5 | 1240 |
| AXISBANK | 1150.8 | 1160 |
| BAJAJ-AUTO | 9025.7 | 9100 |
| BAJAJFINSV | 1686.95 | 1660 |
| BAJFINANCE | 7125.4 | 7000 |
| BALKRISIND | 2799.95 | 2800 |
| BANDHANBNK | 172.77 | 175 |
| BANKBARODA | 258.57 | 260 |
| BANKINDIA | 113.33 | 115 |
| BATAINDIA | 1432.7 | 1430 |
| BEL | 315.65 | 310 |
| BERGEPAINT | 471 | 480 |
| BHARATFORG | 1361 | 1360 |
| BHARTIARTL | 1593.1 | 1600 |
| BHEL | 248.9 | 255 |
| BIOCON | 363.45 | 370 |
| BOSCHLTD | 35998.65 | 35500 |
| BPCL | 305.05 | 300 |
| BRITANNIA | 4900 | 4900 |
| BSE | 5667.65 | 5300 |
| BSOFT | 621 | 600 |
| CAMS | 5315 | 5200 |
| CANBK | 107.84 | 108 |
| CANFINHOME | 816 | 820 |
| CDSL | 1947.5 | 1840 |
| CESC | 191.62 | 195 |
| CGPOWER | 781.75 | 770 |
| CHAMBLFERT | 528.6 | 530 |
| CHOLAFIN | 1352.1 | 1300 |
| CIPLA | 1448 | 1480 |
| COALINDIA | 410.6 | 420 |
| COFORGE | 9322.15 | 8900 |
| COLPAL | 2846.65 | 2900 |
| CONCOR | 834.85 | 840 |
| COROMANDEL | 1778.85 | 1780 |
| CROMPTON | 410.8 | 410 |
| CUB | 184.75 | 185 |
| CUMMINSIND | 3637.05 | 3500 |
| CYIENT | 2092.05 | 2000 |
| DABUR | 507.85 | 510 |
| DALBHARAT | 1959 | 1900 |
| DEEPAKNTR | 2693.15 | 2700 |
| DELHIVERY | 381.9 | 370 |
| DIVISLAB | 5994.2 | 6000 |
| DIXON | 17763 | 17000 |
| DLF | 863.6 | 850 |
| DMART | 3707.35 | 3700 |
| DRREDDY | 1232.5 | 1220 |
| EICHERMOT | 4780.65 | 4850 |
| ESCORTS | 3461.5 | 3500 |
| EXIDEIND | 468.55 | 460 |
| FEDERALBNK | 214.9 | 215 |
| GAIL | 205.62 | 207.5 |
| GLENMARK | 1530.75 | 1540 |
| GMRINFRA | 0 | 36 |
| GNFC | 618.35 | 630 |
| GODREJCP | 1121.9 | 1140 |
| GODREJPROP | 2866.15 | 2900 |
| GRANULES | 591 | 570 |
| GRASIM | 2648.5 | 2640 |
| GUJGASLTD | 511.3 | 510 |
| HAL | 4708.35 | 4600 |
| HAVELLS | 1744.65 | 1740 |
| HCLTECH | 1945.95 | 1900 |
| HDFCAMC | 4578.15 | 4400 |
| HDFCBANK | 1859 | 1820 |
| HDFCLIFE | 632.1 | 640 |
| HEROMOTOCO | 4593.4 | 4700 |
| HFCL | 126.7 | 130 |
| HINDALCO | 668.45 | 670 |
| HINDCOPPER | 290.2 | 290 |
| HINDPETRO | 407.9 | 395 |
| HINDUNILVR | 2372 | 2420 |
| HUDCO | 246.1 | 245 |
| ICICIBANK | 1336.7 | 1320 |
| ICICIGI | 1945.5 | 1940 |
| ICICIPRULI | 690.65 | 690 |
| IDEA | 7.93 | 8 |
| IDFCFIRSTB | 64.74 | 65 |
| IEX | 189.07 | 185 |
| IGL | 388.45 | 360 |
| INDHOTEL | 839.65 | 820 |
| INDIAMART | 2386 | 2400 |
| INDIANB | 577.5 | 590 |
| INDIGO | 4421.05 | 4450 |
| INDUSINDBK | 989.7 | 1000 |
| INDUSTOWER | 354.05 | 360 |
| INFY | 1994 | 1940 |
| IOC | 141.86 | 140 |
| IPCALAB | 1567.25 | 1520 |
| IRB | 58.42 | 59 |
| IRCTC | 846.7 | 840 |
| IRFC | 163.38 | 160 |
| ITC | 464.1 | 470 |
| JINDALSTEL | 989.8 | 980 |
| JIOFIN | 341.9 | 340 |
| JKCEMENT | 4635.5 | 4600 |
| JSL | 748.3 | 710 |
| JSWENERGY | 675.6 | 660 |
| JSWSTEEL | 993 | 1000 |
| JUBLFOOD | 683.85 | 680 |
| KALYANKJIL | 773.9 | 750 |
| KEI | 4547.4 | 4400 |
| KOTAKBANK | 1783.6 | 1800 |
| KPITTECH | 1544.5 | 1500 |
| LALPATHLAB | 3101.55 | 3100 |
| LAURUSLABS | 567.25 | 570 |
| LICHSGFIN | 634.5 | 640 |
| LICI | 938.2 | 950 |
| LODHA | 1421.05 | 1340 |
| LT | 3883.55 | 3800 |
| LTF | 148.84 | 147.5 |
| LTIM | 6720 | 6500 |
| LTTS | 5415.1 | 5350 |
| LUPIN | 2146.6 | 2100 |
| M&M | 3075.6 | 3000 |
| M&MFIN | 278.65 | 280 |
| MANAPPURAM | 179.75 | 165 |
| MARICO | 643.25 | 630 |
| MARUTI | 11172 | 11200 |
| MAXHEALTH | 1162.85 | 1100 |
| MCX | 6760.6 | 6600 |
| METROPOLIS | 2211.55 | 2200 |
| MFSL | 1126.5 | 1160 |
| MGL | 1292.9 | 1280 |
| MOTHERSON | 166.2 | 165 |
| MPHASIS | 3223.2 | 3100 |
| MRF | 132159.9 | 132000 |
| MUTHOOTFIN | 2087 | 2020 |
| NATIONALUM | 246.18 | 247.5 |
| NAUKRI | 8751 | 8500 |
| NAVINFLUOR | 3588.8 | 3600 |
| NCC | 305.55 | 310 |
| NESTLEIND | 2229.7 | 2260 |
| NHPC | 86.36 | 85 |
| NMDC | 240.53 | 240 |
| NTPC | 362.15 | 365 |
| NYKAA | 170.92 | 170 |
| OBEROIRLTY | 2125.8 | 2100 |
| OFSS | 12232.5 | 12250 |
| OIL | 469.6 | 470 |
| ONGC | 256.1 | 259 |
| PAGEIND | 47010.25 | 46500 |
| PAYTM | 961 | 960 |
| PEL | 1261.1 | 1220 |
| PERSISTENT | 6448.8 | 6300 |
| PETRONET | 344.7 | 340 |
| PFC | 510.3 | 500 |
| PIDILITIND | 3163 | 3200 |
| PIIND | 4032.9 | 4100 |
| PNB | 108.02 | 109 |
| POLICYBZR | 2177.8 | 2000 |
| POLYCAB | 7407 | 7300 |
| POONAWALLA | 363.15 | 360 |
| POWERGRID | 327.05 | 330 |
| PRESTIGE | 1749.25 | 1700 |
| PVRINOX | 1468.65 | 1540 |
| RAMCOCEM | 992.75 | 1010 |
| RBLBANK | 176.93 | 155 |
| RECLTD | 570.4 | 550 |
| RELIANCE | 1271.1 | 1300 |
| SAIL | 126.01 | 125 |
| SBICARD | 731.75 | 720 |
| SBILIFE | 1441.15 | 1440 |
| SBIN | 856.5 | 850 |
| SHREECEM | 27271.45 | 27000 |
| SHRIRAMFIN | 3226 | 3200 |
| SIEMENS | 7885.95 | 7700 |
| SJVN | 119.2 | 120 |
| SONACOMS | 635.75 | 650 |
| SRF | 2322 | 2300 |
| SUNPHARMA | 1810 | 1800 |
| SUNTV | 736.25 | 750 |
| SUPREMEIND | 4854.25 | 4900 |
| SYNGENE | 888.15 | 900 |
| TATACHEM | 1109.25 | 1120 |
| TATACOMM | 1852.85 | 1820 |
| TATACONSUM | 920.5 | 940 |
| TATAELXSI | 7375 | 7300 |
| TATAMOTORS | 790.8 | 800 |
| TATAPOWER | 431.45 | 435 |
| TATASTEEL | 149.15 | 150 |
| TCS | 4473.35 | 4400 |
| TECHM | 1795 | 1760 |
| TIINDIA | 3665.75 | 3700 |
| TITAN | 3438 | 3400 |
| TORNTPHARM | 3363.75 | 3350 |
| TRENT | 7072.25 | 6900 |
| TVSMOTOR | 2508.8 | 2500 |
| UBL | 1981.75 | 1960 |
| ULTRACEMCO | 11862.85 | 11800 |
| UNIONBANK | 128.56 | 128 |
| UNITDSPR | 1515.35 | 1520 |
| UPL | 546.75 | 550 |
| VBL | 638.9 | 640 |
| VEDL | 523.25 | 500 |
| VOLTAS | 1792.8 | 1760 |
| WIPRO | 311.75 | 300 |
| YESBANK | 21.44 | 21 |
| ZOMATO | 292.1 | 280 |
| ZYDUSLIFE | 979.65 | 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.
