INDUSINDBK
Indusind Bank Limited
Max pain for INDUSINDBK
21 Nov 2024 02:42 PM IST
Max Pain for INDUSINDBK is 1040
Strike 840 has a total call value of 0 versus a total put value of 208,405,000,000 Combined total value = 208,405,000,000
Strike 860 has a total call value of 0 versus a total put value of 189,438,000,000 Combined total value = 189,438,000,000
Strike 880 has a total call value of 0 versus a total put value of 170,723,000,000 Combined total value = 170,723,000,000
Strike 900 has a total call value of 17,000,000 versus a total put value of 152,167,000,000 Combined total value = 152,184,000,000
Strike 920 has a total call value of 80,000,000 versus a total put value of 135,552,000,000 Combined total value = 135,632,000,000
Strike 940 has a total call value of 181,000,000 versus a total put value of 119,803,000,000 Combined total value = 119,984,000,000
Strike 960 has a total call value of 393,000,000 versus a total put value of 104,941,000,000 Combined total value = 105,334,000,000
Strike 980 has a total call value of 986,000,000 versus a total put value of 91,441,000,000 Combined total value = 92,427,000,000
Strike 1000 has a total call value of 2,818,000,000 versus a total put value of 79,175,000,000 Combined total value = 81,993,000,000
Strike 1020 has a total call value of 7,219,000,000 versus a total put value of 69,159,000,000 Combined total value = 76,378,000,000
Strike 1040 has a total call value of 13,866,000,000 versus a total put value of 59,949,000,000 Combined total value = 73,815,000,000
Strike 1060 has a total call value of 23,089,000,000 versus a total put value of 51,514,000,000 Combined total value = 74,603,000,000
Strike 1080 has a total call value of 35,385,000,000 versus a total put value of 44,312,000,000 Combined total value = 79,697,000,000
Strike 1100 has a total call value of 51,618,000,000 versus a total put value of 38,227,000,000 Combined total value = 89,845,000,000
Strike 1120 has a total call value of 73,819,000,000 versus a total put value of 34,028,000,000 Combined total value = 107,847,000,000
Strike 1140 has a total call value of 98,972,000,000 versus a total put value of 30,052,000,000 Combined total value = 129,024,000,000
Strike 1160 has a total call value of 126,377,000,000 versus a total put value of 26,203,000,000 Combined total value = 152,580,000,000
Strike 1180 has a total call value of 155,680,000,000 versus a total put value of 22,637,000,000 Combined total value = 178,317,000,000
Strike 1200 has a total call value of 186,149,000,000 versus a total put value of 19,158,000,000 Combined total value = 205,307,000,000
Strike 1220 has a total call value of 222,351,000,000 versus a total put value of 16,230,000,000 Combined total value = 238,581,000,000
Strike 1240 has a total call value of 259,110,000,000 versus a total put value of 13,332,000,000 Combined total value = 272,442,000,000
Strike 1260 has a total call value of 296,385,000,000 versus a total put value of 10,586,000,000 Combined total value = 306,971,000,000
Strike 1280 has a total call value of 334,079,000,000 versus a total put value of 7,840,000,000 Combined total value = 341,919,000,000
Strike 1300 has a total call value of 372,214,000,000 versus a total put value of 5,491,000,000 Combined total value = 377,705,000,000
Strike 1320 has a total call value of 413,922,000,000 versus a total put value of 4,273,000,000 Combined total value = 418,195,000,000
Strike 1340 has a total call value of 456,103,000,000 versus a total put value of 3,273,000,000 Combined total value = 459,376,000,000
Strike 1360 has a total call value of 498,513,000,000 versus a total put value of 2,273,000,000 Combined total value = 500,786,000,000
Strike 1380 has a total call value of 541,144,000,000 versus a total put value of 1,273,000,000 Combined total value = 542,417,000,000
Strike 1400 has a total call value of 583,872,000,000 versus a total put value of 273,000,000 Combined total value = 584,145,000,000
Strike 1420 has a total call value of 627,533,000,000 versus a total put value of 238,000,000 Combined total value = 627,771,000,000
Strike 1440 has a total call value of 671,194,000,000 versus a total put value of 203,000,000 Combined total value = 671,397,000,000
Strike 1460 has a total call value of 714,918,000,000 versus a total put value of 168,000,000 Combined total value = 715,086,000,000
Strike 1480 has a total call value of 758,707,000,000 versus a total put value of 144,000,000 Combined total value = 758,851,000,000
Strike 1500 has a total call value of 802,496,000,000 versus a total put value of 120,000,000 Combined total value = 802,616,000,000
Strike 1520 has a total call value of 846,566,000,000 versus a total put value of 96,000,000 Combined total value = 846,662,000,000
Strike 1540 has a total call value of 890,636,000,000 versus a total put value of 72,000,000 Combined total value = 890,708,000,000
Strike 1560 has a total call value of 934,706,000,000 versus a total put value of 48,000,000 Combined total value = 934,754,000,000
Strike 1580 has a total call value of 978,776,000,000 versus a total put value of 24,000,000 Combined total value = 978,800,000,000
Strike 1600 has a total call value of 1,022,846,000,000 versus a total put value of 0 Combined total value = 1,022,846,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.2 | 470 |
| ABB | 6756.45 | 7000 |
| ABBOTINDIA | 27099.9 | 28000 |
| ABCAPITAL | 183.55 | 200 |
| ABFRL | 284.9 | 300 |
| ACC | 2032 | 2220 |
| ADANIENT | 2242.65 | 2600 |
| ADANIPORTS | 1127.65 | 1200 |
| ALKEM | 5594.85 | 5500 |
| AMBUJACEM | 491.75 | 540 |
| APOLLOHOSP | 6727.95 | 6900 |
| APOLLOTYRE | 481.65 | 480 |
| ASHOKLEY | 218.44 | 220 |
| ASIANPAINT | 2430.75 | 2540 |
| ASTRAL | 1715.45 | 1780 |
| ATUL | 7245.45 | 7500 |
| AUBANK | 593.85 | 590 |
| AUROPHARMA | 1220.95 | 1300 |
| AXISBANK | 1137.7 | 1150 |
| BAJAJ-AUTO | 9491 | 9700 |
| BAJAJFINSV | 1568.85 | 1620 |
| BAJFINANCE | 6479.05 | 6700 |
| BALKRISIND | 2738.55 | 2800 |
| BANDHANBNK | 166.35 | 180 |
| BANKBARODA | 229.25 | 240 |
| BATAINDIA | 1281.05 | 1310 |
| BEL | 274.5 | 285 |
| BERGEPAINT | 465.2 | 495 |
| BHARATFORG | 1296.45 | 1340 |
| BHARTIARTL | 1520.05 | 1540 |
| BHEL | 228.5 | 235 |
| BIOCON | 324.95 | 330 |
| BOSCHLTD | 34077.35 | 34000 |
| BPCL | 281.8 | 300 |
| BRITANNIA | 4788.9 | 5000 |
| BSOFT | 547.3 | 560 |
| CANBK | 94.75 | 100 |
| CANFINHOME | 823 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1205.2 | 1260 |
| CIPLA | 1463.7 | 1520 |
| COALINDIA | 405.65 | 425 |
| COFORGE | 8205.8 | 8000 |
| COLPAL | 2692.7 | 2850 |
| CONCOR | 768.85 | 810 |
| COROMANDEL | 1770.75 | 1720 |
| CROMPTON | 381.65 | 390 |
| CUB | 170.58 | 175 |
| CUMMINSIND | 3290 | 3400 |
| DABUR | 505.9 | 525 |
| DALBHARAT | 1777.15 | 1760 |
| DEEPAKNTR | 2613.05 | 2650 |
| DIVISLAB | 5958.2 | 5900 |
| DIXON | 14993.85 | 14750 |
| DLF | 776.9 | 780 |
| DRREDDY | 1193.5 | 1220 |
| EICHERMOT | 4873.55 | 4900 |
| ESCORTS | 3458.05 | 3600 |
| EXIDEIND | 415.65 | 440 |
| FEDERALBNK | 210.43 | 205 |
| GAIL | 187.85 | 195 |
| GLENMARK | 1467.5 | 1520 |
| GMRINFRA | 76.81 | 82 |
| GNFC | 556.65 | 570 |
| GODREJCP | 1181.05 | 1200 |
| GODREJPROP | 2704.1 | 2750 |
| GRANULES | 544.7 | 570 |
| GRASIM | 2544.2 | 2540 |
| GUJGASLTD | 453.05 | 470 |
| HAL | 3982.3 | 4200 |
| HAVELLS | 1632.1 | 1640 |
| HCLTECH | 1831.7 | 1820 |
| HDFCAMC | 4233.95 | 4300 |
| HDFCBANK | 1740.55 | 1740 |
| HDFCLIFE | 674.15 | 680 |
| HEROMOTOCO | 4759 | 4800 |
| HINDALCO | 646.9 | 650 |
| HINDCOPPER | 262.4 | 290 |
| HINDPETRO | 358.35 | 375 |
| HINDUNILVR | 2385 | 2480 |
| ICICIBANK | 1249.05 | 1260 |
| ICICIGI | 1815.6 | 1880 |
| ICICIPRULI | 678.1 | 690 |
| IDEA | 6.94 | 8 |
| IDFCFIRSTB | 63.03 | 66 |
| IEX | 161.45 | 170 |
| IGL | 311.85 | 330 |
| INDHOTEL | 785.4 | 760 |
| INDIAMART | 2251.25 | 2400 |
| INDIGO | 4060.7 | 4000 |
| INDUSINDBK | 975 | 1040 |
| INDUSTOWER | 329.65 | 340 |
| INFY | 1835.4 | 1800 |
| IOC | 130.75 | 140 |
| IPCALAB | 1572.65 | 1560 |
| IRCTC | 794.5 | 820 |
| ITC | 456.65 | 475 |
| JINDALSTEL | 870.85 | 900 |
| JKCEMENT | 4009.45 | 4000 |
| JSWSTEEL | 943.4 | 960 |
| JUBLFOOD | 611.4 | 620 |
| KOTAKBANK | 1734.9 | 1760 |
| LALPATHLAB | 3032.6 | 3100 |
| LAURUSLABS | 488.75 | 490 |
| LICHSGFIN | 611.35 | 630 |
| LT | 3484.5 | 3600 |
| LTF | 137.91 | 140 |
| LTIM | 5933.4 | 5900 |
| LTTS | 5179.15 | 5150 |
| LUPIN | 2042.85 | 2100 |
| M&M | 2939 | 2900 |
| M&MFIN | 257.4 | 265 |
| MANAPPURAM | 150.96 | 155 |
| MARICO | 590 | 600 |
| MARUTI | 10880.8 | 11000 |
| MCX | 6166.35 | 6200 |
| METROPOLIS | 2012.75 | 2060 |
| MFSL | 1174.9 | 1200 |
| MGL | 1120.05 | 1160 |
| MOTHERSON | 161.69 | 175 |
| MPHASIS | 2787.75 | 2850 |
| MRF | 123300 | 122500 |
| MUTHOOTFIN | 1902.75 | 1880 |
| NATIONALUM | 247.06 | 240 |
| NAUKRI | 7545.95 | 7700 |
| NAVINFLUOR | 3264.95 | 3400 |
| NESTLEIND | 2204.75 | 2280 |
| NMDC | 218.11 | 225 |
| NTPC | 355.7 | 370 |
| OBEROIRLTY | 1925.35 | 1960 |
| OFSS | 11142.4 | 11500 |
| ONGC | 241.5 | 250 |
| PAGEIND | 44458.65 | 45500 |
| PEL | 1056.1 | 1060 |
| PERSISTENT | 5731.2 | 5600 |
| PETRONET | 320.8 | 328 |
| PFC | 454.8 | 460 |
| PIDILITIND | 2934.35 | 3060 |
| PIIND | 4126.8 | 4200 |
| PNB | 96.71 | 102 |
| POLYCAB | 6421.25 | 6500 |
| POWERGRID | 324.8 | 320 |
| PVRINOX | 1448.2 | 1500 |
| RAMCOCEM | 914.85 | 900 |
| RBLBANK | 157.14 | 160 |
| RECLTD | 492.4 | 510 |
| RELIANCE | 1221.75 | 1290 |
| SAIL | 110.9 | 117.5 |
| SBICARD | 675.65 | 690 |
| SBILIFE | 1479.95 | 1520 |
| SBIN | 780.95 | 800 |
| SHREECEM | 24132 | 24500 |
| SHRIRAMFIN | 2810.6 | 2900 |
| SIEMENS | 6644.9 | 6800 |
| SRF | 2154.4 | 2260 |
| SUNPHARMA | 1778.4 | 1800 |
| SUNTV | 727.55 | 730 |
| SYNGENE | 845.65 | 870 |
| TATACHEM | 1051.75 | 1100 |
| TATACOMM | 1709.85 | 1780 |
| TATACONSUM | 912.05 | 950 |
| TATAMOTORS | 774.75 | 800 |
| TATAPOWER | 409.9 | 420 |
| TATASTEEL | 140.24 | 145 |
| TCS | 4074.55 | 4100 |
| TECHM | 1698.8 | 1680 |
| TITAN | 3182.7 | 3200 |
| TORNTPHARM | 3103.8 | 3150 |
| TRENT | 6427.1 | 6600 |
| TVSMOTOR | 2398.1 | 2450 |
| UBL | 1816.55 | 1880 |
| ULTRACEMCO | 10941.85 | 11000 |
| UNITDSPR | 1490.2 | 1480 |
| UPL | 557.55 | 540 |
| VEDL | 441.8 | 460 |
| VOLTAS | 1668.9 | 1700 |
| WIPRO | 557.35 | 560 |
| ZYDUSLIFE | 945.15 | 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.
