INDIANB
Indian Bank
Max pain for INDIANB
17 Jun 2025 04:13 PM IST
Max Pain for INDIANB is 623.75
Strike 483.75 has a total call value of 0 versus a total put value of 34,862,625,000 Combined total value = 34,862,625,000
Strike 490 has a total call value of 0 versus a total put value of 33,070,093,750 Combined total value = 33,070,093,750
Strike 493.75 has a total call value of 0 versus a total put value of 31,994,575,000 Combined total value = 31,994,575,000
Strike 500 has a total call value of 0 versus a total put value of 30,202,043,750 Combined total value = 30,202,043,750
Strike 503.75 has a total call value of 0 versus a total put value of 29,126,525,000 Combined total value = 29,126,525,000
Strike 510 has a total call value of 0 versus a total put value of 27,333,993,750 Combined total value = 27,333,993,750
Strike 513.75 has a total call value of 0 versus a total put value of 26,258,475,000 Combined total value = 26,258,475,000
Strike 520 has a total call value of 0 versus a total put value of 24,465,943,750 Combined total value = 24,465,943,750
Strike 523.75 has a total call value of 0 versus a total put value of 23,390,425,000 Combined total value = 23,390,425,000
Strike 530 has a total call value of 0 versus a total put value of 21,645,987,500 Combined total value = 21,645,987,500
Strike 533.75 has a total call value of 0 versus a total put value of 20,599,325,000 Combined total value = 20,599,325,000
Strike 540 has a total call value of 0 versus a total put value of 18,923,168,750 Combined total value = 18,923,168,750
Strike 543.75 has a total call value of 0 versus a total put value of 17,917,475,000 Combined total value = 17,917,475,000
Strike 550 has a total call value of 0 versus a total put value of 16,241,318,750 Combined total value = 16,241,318,750
Strike 553.75 has a total call value of 0 versus a total put value of 15,235,625,000 Combined total value = 15,235,625,000
Strike 560 has a total call value of 0 versus a total put value of 13,559,468,750 Combined total value = 13,559,468,750
Strike 563.75 has a total call value of 0 versus a total put value of 12,553,775,000 Combined total value = 12,553,775,000
Strike 570 has a total call value of 0 versus a total put value of 11,010,618,750 Combined total value = 11,010,618,750
Strike 573.75 has a total call value of 0 versus a total put value of 10,084,725,000 Combined total value = 10,084,725,000
Strike 580 has a total call value of 0 versus a total put value of 8,584,912,500 Combined total value = 8,584,912,500
Strike 583.75 has a total call value of 0 versus a total put value of 7,685,025,000 Combined total value = 7,685,025,000
Strike 590 has a total call value of 121,718,750 versus a total put value of 6,354,431,250 Combined total value = 6,476,150,000
Strike 593.75 has a total call value of 194,750,000 versus a total put value of 5,561,775,000 Combined total value = 5,756,525,000
Strike 600 has a total call value of 366,343,750 versus a total put value of 4,333,306,250 Combined total value = 4,699,650,000
Strike 603.75 has a total call value of 470,368,750 versus a total put value of 3,621,875,000 Combined total value = 4,092,243,750
Strike 610 has a total call value of 875,900,000 versus a total put value of 2,594,093,750 Combined total value = 3,469,993,750
Strike 613.75 has a total call value of 1,121,712,500 versus a total put value of 2,001,293,750 Combined total value = 3,123,006,250
Strike 620 has a total call value of 1,736,243,750 versus a total put value of 1,219,325,000 Combined total value = 2,955,568,750
Strike 623.75 has a total call value of 2,118,143,750 versus a total put value of 813,912,500 Combined total value = 2,932,056,250
Strike 630 has a total call value of 3,016,487,500 versus a total put value of 455,287,500 Combined total value = 3,471,775,000
Strike 633.75 has a total call value of 3,640,281,250 versus a total put value of 279,300,000 Combined total value = 3,919,581,250
Strike 640 has a total call value of 5,098,531,250 versus a total put value of 146,893,750 Combined total value = 5,245,425,000
Strike 643.75 has a total call value of 6,056,843,750 versus a total put value of 80,987,500 Combined total value = 6,137,831,250
Strike 650 has a total call value of 7,826,812,500 versus a total put value of 39,425,000 Combined total value = 7,866,237,500
Strike 653.75 has a total call value of 8,928,693,750 versus a total put value of 21,968,750 Combined total value = 8,950,662,500
Strike 660 has a total call value of 10,861,943,750 versus a total put value of 19,000,000 Combined total value = 10,880,943,750
Strike 663.75 has a total call value of 12,046,118,750 versus a total put value of 17,218,750 Combined total value = 12,063,337,500
Strike 670 has a total call value of 14,196,681,250 versus a total put value of 14,250,000 Combined total value = 14,210,931,250
Strike 673.75 has a total call value of 15,494,500,000 versus a total put value of 12,468,750 Combined total value = 15,506,968,750
Strike 680 has a total call value of 17,693,750,000 versus a total put value of 9,500,000 Combined total value = 17,703,250,000
Strike 683.75 has a total call value of 19,015,437,500 versus a total put value of 7,718,750 Combined total value = 19,023,156,250
Strike 690 has a total call value of 21,522,843,750 versus a total put value of 4,750,000 Combined total value = 21,527,593,750
Strike 693.75 has a total call value of 23,027,287,500 versus a total put value of 2,968,750 Combined total value = 23,030,256,250
Strike 700 has a total call value of 25,585,162,500 versus a total put value of 0 Combined total value = 25,585,162,500
Strike 703.75 has a total call value of 27,119,887,500 versus a total put value of 0 Combined total value = 27,119,887,500
Strike 710 has a total call value of 29,724,668,750 versus a total put value of 0 Combined total value = 29,724,668,750
Strike 713.75 has a total call value of 31,287,537,500 versus a total put value of 0 Combined total value = 31,287,537,500
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 455.6 | 470 |
| ABB | 6034.5 | 6000 |
| ABCAPITAL | 255.11 | 242.5 |
| ABFRL | 74.7 | 80 |
| ACC | 1860.7 | 1900 |
| ADANIENSOL | 848.85 | 880 |
| ADANIENT | 2488.5 | 2600 |
| ADANIGREEN | 977.5 | 1020 |
| ADANIPORTS | 1392.3 | 1420 |
| ALKEM | 4813 | 4900 |
| AMBUJACEM | 550.9 | 565 |
| ANGELONE | 2873.6 | 3000 |
| APLAPOLLO | 1833.4 | 1840 |
| APOLLOHOSP | 7006.5 | 7000 |
| ASHOKLEY | 234.52 | 240 |
| ASIANPAINT | 2264.8 | 2260 |
| ASTRAL | 1564 | 1520 |
| ATGL | 646.85 | 680 |
| AUBANK | 773.15 | 760 |
| AUROPHARMA | 1109.7 | 1160 |
| AXISBANK | 1215.1 | 1200 |
| BAJAJ-AUTO | 8494.5 | 8600 |
| BAJAJFINSV | 2003.3 | 2000 |
| BAJFINANCE | 923 | 930 |
| BALKRISIND | 2447.7 | 2480 |
| BANDHANBNK | 175.01 | 175 |
| BANKBARODA | 238.04 | 241.65 |
| BANKINDIA | 119.65 | 120 |
| BDL | 1903.4 | 1900 |
| BEL | 401.75 | 390 |
| BHARATFORG | 1300.5 | 1300 |
| BHARTIARTL | 1854.8 | 1860 |
| BHEL | 252.35 | 255 |
| BIOCON | 352.65 | 350 |
| BLUESTARCO | 1669.9 | 1600 |
| BOSCHLTD | 32215 | 32000 |
| BPCL | 312.8 | 320 |
| BRITANNIA | 5568.5 | 5550 |
| BSE | 2664.4 | 2700 |
| BSOFT | 423.15 | 420 |
| CAMS | 4181.4 | 4150 |
| CANBK | 109.23 | 110 |
| CDSL | 1686.8 | 1700 |
| CESC | 163 | 167.5 |
| CGPOWER | 694.1 | 690 |
| CHAMBLFERT | 555.45 | 560 |
| CHOLAFIN | 1555.2 | 1580 |
| CIPLA | 1503.5 | 1500 |
| COALINDIA | 391.3 | 400 |
| COFORGE | 1840.5 | 1760 |
| COLPAL | 2382 | 2440 |
| CONCOR | 750.75 | 770 |
| CROMPTON | 349.55 | 350 |
| CUMMINSIND | 3316.5 | 3300 |
| CYIENT | 1331.6 | 1340 |
| DABUR | 472.05 | 480 |
| DALBHARAT | 2062 | 2080 |
| DELHIVERY | 358.75 | 365 |
| DIVISLAB | 6538 | 6650 |
| DIXON | 14243 | 14750 |
| DLF | 851.45 | 840 |
| DMART | 4059.1 | 4100 |
| DRREDDY | 1318.8 | 1300 |
| EICHERMOT | 5341 | 5350 |
| ETERNAL | 247.25 | 250 |
| EXIDEIND | 382.95 | 390 |
| FEDERALBNK | 204.77 | 207.5 |
| FORTIS | 761.55 | 750 |
| GAIL | 190.47 | 195 |
| GLENMARK | 1653.2 | 1600 |
| GMRAIRPORT | 82.76 | 85 |
| GODREJCP | 1195.6 | 1220 |
| GODREJPROP | 2455.7 | 2400 |
| GRANULES | 498.15 | 520 |
| GRASIM | 2671.4 | 2680 |
| HAL | 5047.3 | 5000 |
| HAVELLS | 1528.6 | 1560 |
| HCLTECH | 1729.6 | 1680 |
| HDFCAMC | 4983.9 | 4960 |
| HDFCBANK | 1929.6 | 1940 |
| HDFCLIFE | 773.95 | 760 |
| HEROMOTOCO | 4371 | 4300 |
| HFCL | 81.91 | 87 |
| HINDALCO | 641.7 | 650 |
| HINDCOPPER | 252.71 | 250 |
| HINDPETRO | 393.25 | 400 |
| HINDUNILVR | 2328.6 | 2340 |
| HINDZINC | 486.35 | 500 |
| HUDCO | 224.7 | 235 |
| ICICIBANK | 1423.2 | 1440 |
| ICICIGI | 1916.6 | 1940 |
| ICICIPRULI | 640.3 | 640 |
| IDEA | 6.6 | 7 |
| IDFCFIRSTB | 70.15 | 70 |
| IEX | 186.76 | 195 |
| IGL | 208.91 | 210 |
| IIFL | 487.65 | 480 |
| INDHOTEL | 756.65 | 770 |
| INDIANB | 634.05 | 623.75 |
| INDIGO | 5310.5 | 5400 |
| INDUSINDBK | 809.15 | 820 |
| INDUSTOWER | 392.1 | 390 |
| INFY | 1639.9 | 1600 |
| INOXWIND | 169.17 | 180 |
| IOC | 141.68 | 144 |
| IRB | 49.3 | 51 |
| IRCTC | 768.7 | 780 |
| IREDA | 164.97 | 175 |
| IRFC | 137.83 | 140 |
| ITC | 417.4 | 420 |
| JINDALSTEL | 891 | 930 |
| JIOFIN | 289.8 | 295 |
| JSL | 687.15 | 690 |
| JSWENERGY | 503.35 | 510 |
| JSWSTEEL | 999.65 | 1000 |
| JUBLFOOD | 677.65 | 680 |
| KALYANKJIL | 514.55 | 540 |
| KAYNES | 5644 | 5600 |
| KEI | 3612.7 | 3650 |
| KOTAKBANK | 2136.8 | 2120 |
| KPITTECH | 1400.6 | 1380 |
| LAURUSLABS | 660.55 | 650 |
| LICHSGFIN | 600.75 | 600 |
| LICI | 947.45 | 950 |
| LODHA | 1446 | 1460 |
| LT | 3622.3 | 3620 |
| LTF | 190.04 | 185 |
| LTIM | 5514.5 | 5400 |
| LUPIN | 1944 | 2000 |
| M&M | 3007.2 | 3050 |
| M&MFIN | 269.3 | 270 |
| MANAPPURAM | 269.92 | 240 |
| MANKIND | 2353.2 | 2400 |
| MARICO | 686.85 | 700 |
| MARUTI | 12595 | 12400 |
| MAXHEALTH | 1226.8 | 1220 |
| MAZDOCK | 3305.9 | 3300 |
| MCX | 7925.5 | 7600 |
| MFSL | 1585.8 | 1540 |
| MGL | 1433.5 | 1380 |
| MOTHERSON | 150.8 | 155 |
| MPHASIS | 2693.4 | 2620 |
| MUTHOOTFIN | 2645.7 | 2500 |
| NATIONALUM | 185.17 | 190 |
| NAUKRI | 1475.4 | 1500 |
| NBCC | 120.14 | 120 |
| NCC | 225.77 | 232.5 |
| NESTLEIND | 2362 | 2380 |
| NHPC | 85.07 | 88 |
| NMDC | 68.63 | 71 |
| NTPC | 335.2 | 340 |
| NYKAA | 194.06 | 197.5 |
| OBEROIRLTY | 1911.2 | 1880 |
| OFSS | 9732.5 | 9400 |
| OIL | 478.2 | 460 |
| ONGC | 252.31 | 250 |
| PAGEIND | 45830 | 46000 |
| PATANJALI | 1657.8 | 1700 |
| PAYTM | 865.15 | 880 |
| PEL | 1127.2 | 1140 |
| PERSISTENT | 6068 | 5800 |
| PETRONET | 297.1 | 310 |
| PFC | 403.1 | 420 |
| PHOENIXLTD | 1613.5 | 1600 |
| PIDILITIND | 3018.3 | 3020 |
| PIIND | 4172.3 | 4050 |
| PNB | 105.88 | 107 |
| PNBHOUSING | 1061.2 | 1080 |
| POLICYBZR | 1950.1 | 1880 |
| POLYCAB | 6041.5 | 6000 |
| POONAWALLA | 420.9 | 420 |
| POWERGRID | 288.55 | 292.5 |
| PPLPHARMA | 195.26 | 200 |
| PRESTIGE | 1694.7 | 1620 |
| RBLBANK | 218.65 | 220 |
| RECLTD | 399.15 | 410 |
| RELIANCE | 1431.2 | 1440 |
| RVNL | 400.65 | 410 |
| SAIL | 126.91 | 130 |
| SBICARD | 991 | 970 |
| SBILIFE | 1800.2 | 1800 |
| SBIN | 792.3 | 810 |
| SHREECEM | 29620 | 29750 |
| SHRIRAMFIN | 665 | 670 |
| SIEMENS | 3321.6 | 3300 |
| SJVN | 97.5 | 100 |
| SOLARINDS | 17155 | 16750 |
| SONACOMS | 479.95 | 500 |
| SRF | 3096.4 | 3050 |
| SUNPHARMA | 1650.2 | 1680 |
| SUPREMEIND | 4644.4 | 4500 |
| SYNGENE | 649.15 | 650 |
| TATACHEM | 935.2 | 930 |
| TATACOMM | 1709.6 | 1700 |
| TATACONSUM | 1071.6 | 1090 |
| TATAELXSI | 6418 | 6400 |
| TATAMOTORS | 674.75 | 700 |
| TATAPOWER | 396.05 | 405 |
| TATASTEEL | 152.6 | 155 |
| TATATECH | 739.3 | 760 |
| TCS | 3515.3 | 3480 |
| TECHM | 1718.6 | 1660 |
| TIINDIA | 2904.1 | 3000 |
| TITAGARH | 885.1 | 920 |
| TITAN | 3405.7 | 3480 |
| TORNTPHARM | 3255.4 | 3200 |
| TORNTPOWER | 1406.8 | 1420 |
| TRENT | 5626.5 | 5700 |
| TVSMOTOR | 2777.2 | 2780 |
| ULTRACEMCO | 11383 | 11300 |
| UNIONBANK | 144.96 | 147.5 |
| UNITDSPR | 1474.8 | 1500 |
| UNOMINDA | 1049.5 | 1060 |
| UPL | 646.1 | 640 |
| USDINR | 86.37 | 85.5 |
| VBL | 470.35 | 480 |
| VEDL | 458.95 | 450 |
| VOLTAS | 1294.2 | 1280 |
| WIPRO | 262.91 | 260 |
| YESBANK | 19.94 | 21 |
| ZOMATO | 0 | 200 |
| ZYDUSLIFE | 957.65 | 960 |
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.
