IDFCFIRSTB
Idfc First Bank Limited
Max pain for IDFCFIRSTB
21 Nov 2024 02:31 PM IST
Max Pain for IDFCFIRSTB is 66
Strike 55 has a total call value of 0 versus a total put value of 65,061,000,000 Combined total value = 65,061,000,000
Strike 56 has a total call value of 0 versus a total put value of 58,812,000,000 Combined total value = 58,812,000,000
Strike 57 has a total call value of 0 versus a total put value of 52,680,750,000 Combined total value = 52,680,750,000
Strike 58 has a total call value of 0 versus a total put value of 46,598,250,000 Combined total value = 46,598,250,000
Strike 59 has a total call value of 12,750,000 versus a total put value of 40,906,500,000 Combined total value = 40,919,250,000
Strike 60 has a total call value of 47,250,000 versus a total put value of 35,420,250,000 Combined total value = 35,467,500,000
Strike 61 has a total call value of 321,000,000 versus a total put value of 30,680,250,000 Combined total value = 31,001,250,000
Strike 62 has a total call value of 666,750,000 versus a total put value of 26,208,750,000 Combined total value = 26,875,500,000
Strike 63 has a total call value of 1,167,000,000 versus a total put value of 22,263,750,000 Combined total value = 23,430,750,000
Strike 64 has a total call value of 1,968,750,000 versus a total put value of 18,871,500,000 Combined total value = 20,840,250,000
Strike 65 has a total call value of 3,230,250,000 versus a total put value of 15,794,250,000 Combined total value = 19,024,500,000
Strike 66 has a total call value of 5,506,500,000 versus a total put value of 13,480,500,000 Combined total value = 18,987,000,000
Strike 67 has a total call value of 8,559,750,000 versus a total put value of 11,312,250,000 Combined total value = 19,872,000,000
Strike 68 has a total call value of 12,292,500,000 versus a total put value of 9,442,500,000 Combined total value = 21,735,000,000
Strike 69 has a total call value of 17,050,500,000 versus a total put value of 7,898,250,000 Combined total value = 24,948,750,000
Strike 70 has a total call value of 22,257,000,000 versus a total put value of 6,484,500,000 Combined total value = 28,741,500,000
Strike 71 has a total call value of 29,133,750,000 versus a total put value of 5,521,500,000 Combined total value = 34,655,250,000
Strike 72 has a total call value of 36,299,250,000 versus a total put value of 4,602,000,000 Combined total value = 40,901,250,000
Strike 73 has a total call value of 43,822,500,000 versus a total put value of 3,760,500,000 Combined total value = 47,583,000,000
Strike 74 has a total call value of 51,345,750,000 versus a total put value of 2,919,000,000 Combined total value = 54,264,750,000
Strike 75 has a total call value of 58,869,000,000 versus a total put value of 2,077,500,000 Combined total value = 60,946,500,000
Strike 76 has a total call value of 67,299,000,000 versus a total put value of 1,662,000,000 Combined total value = 68,961,000,000
Strike 77 has a total call value of 75,852,750,000 versus a total put value of 1,246,500,000 Combined total value = 77,099,250,000
Strike 78 has a total call value of 84,468,750,000 versus a total put value of 831,000,000 Combined total value = 85,299,750,000
Strike 79 has a total call value of 93,156,000,000 versus a total put value of 415,500,000 Combined total value = 93,571,500,000
Strike 80 has a total call value of 101,843,250,000 versus a total put value of 0 Combined total value = 101,843,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.15 | 470 |
| ABB | 6755.4 | 7000 |
| ABBOTINDIA | 27000.1 | 28000 |
| ABCAPITAL | 183.71 | 200 |
| ABFRL | 285 | 300 |
| ACC | 2039.7 | 2220 |
| ADANIENT | 2270.3 | 2600 |
| ADANIPORTS | 1132.65 | 1200 |
| ALKEM | 5587.2 | 5500 |
| AMBUJACEM | 492.7 | 540 |
| APOLLOHOSP | 6725.9 | 6900 |
| APOLLOTYRE | 482.95 | 480 |
| ASHOKLEY | 217.44 | 220 |
| ASIANPAINT | 2430.7 | 2540 |
| ASTRAL | 1711.7 | 1780 |
| ATUL | 7236.45 | 7500 |
| AUBANK | 593.6 | 590 |
| AUROPHARMA | 1218.6 | 1300 |
| AXISBANK | 1140 | 1150 |
| BAJAJ-AUTO | 9484.35 | 9700 |
| BAJAJFINSV | 1570.15 | 1620 |
| BAJFINANCE | 6465.5 | 6700 |
| BALKRISIND | 2736.1 | 2800 |
| BANDHANBNK | 166.32 | 180 |
| BANKBARODA | 228.8 | 240 |
| BATAINDIA | 1280 | 1310 |
| BEL | 274.15 | 285 |
| BERGEPAINT | 465.25 | 495 |
| BHARATFORG | 1294.15 | 1340 |
| BHARTIARTL | 1521 | 1540 |
| BHEL | 227.58 | 235 |
| BIOCON | 323.7 | 330 |
| BOSCHLTD | 34087.8 | 34000 |
| BPCL | 281.95 | 300 |
| BRITANNIA | 4771.6 | 5000 |
| BSOFT | 545.2 | 560 |
| CANBK | 94.6 | 100 |
| CANFINHOME | 820.1 | 830 |
| CHAMBLFERT | 455.45 | 480 |
| CHOLAFIN | 1206.9 | 1240 |
| CIPLA | 1461.85 | 1520 |
| COALINDIA | 404.95 | 425 |
| COFORGE | 8198.3 | 8000 |
| COLPAL | 2687 | 2800 |
| CONCOR | 767.25 | 810 |
| COROMANDEL | 1771.6 | 1720 |
| CROMPTON | 381.3 | 390 |
| CUB | 170 | 175 |
| CUMMINSIND | 3290.95 | 3400 |
| DABUR | 505.15 | 525 |
| DALBHARAT | 1775.7 | 1760 |
| DEEPAKNTR | 2616 | 2650 |
| DIVISLAB | 5953.6 | 5900 |
| DIXON | 14983.65 | 14750 |
| DLF | 775.7 | 780 |
| DRREDDY | 1193.45 | 1220 |
| EICHERMOT | 4895 | 4900 |
| ESCORTS | 3450 | 3600 |
| EXIDEIND | 415.2 | 440 |
| FEDERALBNK | 210.21 | 205 |
| GAIL | 187.97 | 197.5 |
| GLENMARK | 1462.5 | 1520 |
| GMRINFRA | 76.89 | 82 |
| GNFC | 556 | 570 |
| GODREJCP | 1180 | 1200 |
| GODREJPROP | 2702.9 | 2750 |
| GRANULES | 544.5 | 570 |
| GRASIM | 2544.35 | 2540 |
| GUJGASLTD | 452.7 | 480 |
| HAL | 3983.35 | 4200 |
| HAVELLS | 1632 | 1640 |
| HCLTECH | 1832.7 | 1820 |
| HDFCAMC | 4215.35 | 4300 |
| HDFCBANK | 1740.6 | 1740 |
| HDFCLIFE | 673.85 | 680 |
| HEROMOTOCO | 4760.6 | 4800 |
| HINDALCO | 645.3 | 650 |
| HINDCOPPER | 262.35 | 290 |
| HINDPETRO | 358.9 | 375 |
| HINDUNILVR | 2384.6 | 2480 |
| ICICIBANK | 1251.15 | 1260 |
| ICICIGI | 1811.2 | 1880 |
| ICICIPRULI | 679.45 | 690 |
| IDEA | 6.92 | 8 |
| IDFCFIRSTB | 63.07 | 66 |
| IEX | 161.06 | 170 |
| IGL | 311.65 | 330 |
| INDHOTEL | 785 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4060.6 | 4000 |
| INDUSINDBK | 975.15 | 1040 |
| INDUSTOWER | 328.95 | 340 |
| INFY | 1833.35 | 1800 |
| IOC | 130.87 | 140 |
| IPCALAB | 1569.25 | 1560 |
| IRCTC | 794.8 | 820 |
| ITC | 456.35 | 475 |
| JINDALSTEL | 870.15 | 900 |
| JKCEMENT | 4004.1 | 4000 |
| JSWSTEEL | 940 | 960 |
| JUBLFOOD | 609.55 | 620 |
| KOTAKBANK | 1734.55 | 1760 |
| LALPATHLAB | 3029.25 | 3100 |
| LAURUSLABS | 488.45 | 490 |
| LICHSGFIN | 610.85 | 630 |
| LT | 3487 | 3600 |
| LTF | 137.54 | 140 |
| LTIM | 5917.85 | 5900 |
| LTTS | 5175.2 | 5150 |
| LUPIN | 2037.45 | 2100 |
| M&M | 2937.45 | 2900 |
| M&MFIN | 256.5 | 265 |
| MANAPPURAM | 150.68 | 155 |
| MARICO | 590.1 | 600 |
| MARUTI | 10873.1 | 11000 |
| MCX | 6158.2 | 6200 |
| METROPOLIS | 2010.65 | 2060 |
| MFSL | 1173.05 | 1200 |
| MGL | 1114.65 | 1160 |
| MOTHERSON | 161.55 | 175 |
| MPHASIS | 2781.8 | 2850 |
| MRF | 123100.05 | 122500 |
| MUTHOOTFIN | 1904.45 | 1880 |
| NATIONALUM | 246.24 | 240 |
| NAUKRI | 7524.5 | 7700 |
| NAVINFLUOR | 3259.3 | 3400 |
| NESTLEIND | 2203.75 | 2280 |
| NMDC | 217.86 | 225 |
| NTPC | 355.55 | 370 |
| OBEROIRLTY | 1931.4 | 1960 |
| OFSS | 11140.45 | 11500 |
| ONGC | 242.1 | 250 |
| PAGEIND | 44479.25 | 45500 |
| PEL | 1049.1 | 1060 |
| PERSISTENT | 5723.2 | 5600 |
| PETRONET | 320.4 | 328 |
| PFC | 452.25 | 460 |
| PIDILITIND | 2941.85 | 3060 |
| PIIND | 4125 | 4200 |
| PNB | 96.67 | 102 |
| POLYCAB | 6401.1 | 6500 |
| POWERGRID | 324.45 | 320 |
| PVRINOX | 1443.3 | 1500 |
| RAMCOCEM | 914 | 900 |
| RBLBANK | 157.14 | 160 |
| RECLTD | 489.75 | 510 |
| RELIANCE | 1218.1 | 1290 |
| SAIL | 110.69 | 117.5 |
| SBICARD | 675.15 | 690 |
| SBILIFE | 1480.45 | 1520 |
| SBIN | 781.1 | 800 |
| SHREECEM | 24196.9 | 24500 |
| SHRIRAMFIN | 2807.55 | 2900 |
| SIEMENS | 6664.9 | 6800 |
| SRF | 2154 | 2260 |
| SUNPHARMA | 1769 | 1800 |
| SUNTV | 728.15 | 730 |
| SYNGENE | 844.1 | 870 |
| TATACHEM | 1052.05 | 1100 |
| TATACOMM | 1707 | 1780 |
| TATACONSUM | 910.85 | 950 |
| TATAMOTORS | 774.75 | 800 |
| TATAPOWER | 409.15 | 420 |
| TATASTEEL | 140.01 | 145 |
| TCS | 4060.45 | 4100 |
| TECHM | 1698.6 | 1680 |
| TITAN | 3180.3 | 3200 |
| TORNTPHARM | 3098.45 | 3150 |
| TRENT | 6449.95 | 6600 |
| TVSMOTOR | 2395.45 | 2450 |
| UBL | 1816.8 | 1880 |
| ULTRACEMCO | 10955.9 | 11000 |
| UNITDSPR | 1487.6 | 1480 |
| UPL | 561.15 | 550 |
| VEDL | 441.05 | 460 |
| VOLTAS | 1668.05 | 1700 |
| WIPRO | 556.85 | 560 |
| ZYDUSLIFE | 942.4 | 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.
