INDUSINDBK
Indusind Bank Limited
Max pain for INDUSINDBK
21 Mar 2025 04:11 PM IST
Max Pain for INDUSINDBK is 750
Strike 540 has a total call value of 0 versus a total put value of 464,217,500,000 Combined total value = 464,217,500,000
Strike 550 has a total call value of 0 versus a total put value of 447,377,500,000 Combined total value = 447,377,500,000
Strike 560 has a total call value of 0 versus a total put value of 430,537,500,000 Combined total value = 430,537,500,000
Strike 570 has a total call value of 0 versus a total put value of 413,895,500,000 Combined total value = 413,895,500,000
Strike 580 has a total call value of 0 versus a total put value of 397,253,500,000 Combined total value = 397,253,500,000
Strike 590 has a total call value of 0 versus a total put value of 380,831,000,000 Combined total value = 380,831,000,000
Strike 600 has a total call value of 0 versus a total put value of 364,408,500,000 Combined total value = 364,408,500,000
Strike 610 has a total call value of 24,000,000 versus a total put value of 349,198,000,000 Combined total value = 349,222,000,000
Strike 620 has a total call value of 87,000,000 versus a total put value of 334,109,500,000 Combined total value = 334,196,500,000
Strike 630 has a total call value of 196,000,000 versus a total put value of 319,352,500,000 Combined total value = 319,548,500,000
Strike 640 has a total call value of 453,500,000 versus a total put value of 304,855,500,000 Combined total value = 305,309,000,000
Strike 650 has a total call value of 772,500,000 versus a total put value of 290,809,500,000 Combined total value = 291,582,000,000
Strike 660 has a total call value of 1,266,500,000 versus a total put value of 277,614,500,000 Combined total value = 278,881,000,000
Strike 670 has a total call value of 2,055,000,000 versus a total put value of 264,973,500,000 Combined total value = 267,028,500,000
Strike 680 has a total call value of 3,162,500,000 versus a total put value of 252,615,500,000 Combined total value = 255,778,000,000
Strike 690 has a total call value of 4,705,500,000 versus a total put value of 240,750,000,000 Combined total value = 245,455,500,000
Strike 700 has a total call value of 6,876,500,000 versus a total put value of 229,002,000,000 Combined total value = 235,878,500,000
Strike 710 has a total call value of 11,371,000,000 versus a total put value of 218,305,000,000 Combined total value = 229,676,000,000
Strike 720 has a total call value of 16,171,000,000 versus a total put value of 207,809,500,000 Combined total value = 223,980,500,000
Strike 730 has a total call value of 21,598,500,000 versus a total put value of 197,532,000,000 Combined total value = 219,130,500,000
Strike 740 has a total call value of 27,432,000,000 versus a total put value of 187,254,500,000 Combined total value = 214,686,500,000
Strike 750 has a total call value of 33,809,000,000 versus a total put value of 177,187,000,000 Combined total value = 210,996,000,000
Strike 760 has a total call value of 44,031,500,000 versus a total put value of 168,038,000,000 Combined total value = 212,069,500,000
Strike 770 has a total call value of 55,429,500,000 versus a total put value of 159,079,500,000 Combined total value = 214,509,000,000
Strike 780 has a total call value of 67,508,000,000 versus a total put value of 150,121,000,000 Combined total value = 217,629,000,000
Strike 790 has a total call value of 80,422,000,000 versus a total put value of 141,286,000,000 Combined total value = 221,708,000,000
Strike 800 has a total call value of 93,642,000,000 versus a total put value of 132,451,000,000 Combined total value = 226,093,000,000
Strike 810 has a total call value of 110,391,500,000 versus a total put value of 124,238,000,000 Combined total value = 234,629,500,000
Strike 820 has a total call value of 127,657,500,000 versus a total put value of 116,025,000,000 Combined total value = 243,682,500,000
Strike 830 has a total call value of 145,759,500,000 versus a total put value of 107,932,000,000 Combined total value = 253,691,500,000
Strike 840 has a total call value of 164,242,500,000 versus a total put value of 99,839,000,000 Combined total value = 264,081,500,000
Strike 850 has a total call value of 183,186,000,000 versus a total put value of 92,166,500,000 Combined total value = 275,352,500,000
Strike 860 has a total call value of 202,974,500,000 versus a total put value of 84,846,000,000 Combined total value = 287,820,500,000
Strike 870 has a total call value of 223,022,500,000 versus a total put value of 77,707,500,000 Combined total value = 300,730,000,000
Strike 880 has a total call value of 243,335,000,000 versus a total put value of 70,657,500,000 Combined total value = 313,992,500,000
Strike 890 has a total call value of 263,969,000,000 versus a total put value of 63,795,500,000 Combined total value = 327,764,500,000
Strike 900 has a total call value of 284,899,000,000 versus a total put value of 57,137,500,000 Combined total value = 342,036,500,000
Strike 910 has a total call value of 307,677,500,000 versus a total put value of 51,303,000,000 Combined total value = 358,980,500,000
Strike 920 has a total call value of 331,308,500,000 versus a total put value of 45,810,500,000 Combined total value = 377,119,000,000
Strike 930 has a total call value of 355,545,000,000 versus a total put value of 40,569,500,000 Combined total value = 396,114,500,000
Strike 940 has a total call value of 380,393,500,000 versus a total put value of 35,588,000,000 Combined total value = 415,981,500,000
Strike 950 has a total call value of 405,855,500,000 versus a total put value of 30,962,500,000 Combined total value = 436,818,000,000
Strike 960 has a total call value of 432,413,000,000 versus a total put value of 26,710,500,000 Combined total value = 459,123,500,000
Strike 970 has a total call value of 460,060,000,000 versus a total put value of 23,082,500,000 Combined total value = 483,142,500,000
Strike 980 has a total call value of 488,495,000,000 versus a total put value of 19,864,500,000 Combined total value = 508,359,500,000
Strike 990 has a total call value of 517,647,000,000 versus a total put value of 16,876,500,000 Combined total value = 534,523,500,000
Strike 1000 has a total call value of 547,329,000,000 versus a total put value of 14,075,500,000 Combined total value = 561,404,500,000
Strike 1010 has a total call value of 579,491,000,000 versus a total put value of 11,894,000,000 Combined total value = 591,385,000,000
Strike 1020 has a total call value of 611,874,500,000 versus a total put value of 9,712,500,000 Combined total value = 621,587,000,000
Strike 1030 has a total call value of 644,660,500,000 versus a total put value of 7,733,500,000 Combined total value = 652,394,000,000
Strike 1040 has a total call value of 677,704,500,000 versus a total put value of 5,878,000,000 Combined total value = 683,582,500,000
Strike 1050 has a total call value of 711,212,500,000 versus a total put value of 4,333,000,000 Combined total value = 715,545,500,000
Strike 1060 has a total call value of 745,089,000,000 versus a total put value of 3,352,000,000 Combined total value = 748,441,000,000
Strike 1070 has a total call value of 779,206,000,000 versus a total put value of 2,555,000,000 Combined total value = 781,761,000,000
Strike 1080 has a total call value of 813,455,000,000 versus a total put value of 1,758,000,000 Combined total value = 815,213,000,000
Strike 1090 has a total call value of 848,164,000,000 versus a total put value of 1,054,000,000 Combined total value = 849,218,000,000
Strike 1100 has a total call value of 882,944,000,000 versus a total put value of 350,000,000 Combined total value = 883,294,000,000
Strike 1110 has a total call value of 918,924,500,000 versus a total put value of 203,500,000 Combined total value = 919,128,000,000
Strike 1120 has a total call value of 954,905,000,000 versus a total put value of 70,000,000 Combined total value = 954,975,000,000
Strike 1130 has a total call value of 990,947,500,000 versus a total put value of 32,000,000 Combined total value = 990,979,500,000
Strike 1140 has a total call value of 1,027,042,500,000 versus a total put value of 6,000,000 Combined total value = 1,027,048,500,000
Strike 1150 has a total call value of 1,063,179,500,000 versus a total put value of 4,500,000 Combined total value = 1,063,184,000,000
Strike 1160 has a total call value of 1,099,316,500,000 versus a total put value of 3,000,000 Combined total value = 1,099,319,500,000
Strike 1170 has a total call value of 1,135,507,500,000 versus a total put value of 2,500,000 Combined total value = 1,135,510,000,000
Strike 1180 has a total call value of 1,171,698,500,000 versus a total put value of 2,000,000 Combined total value = 1,171,700,500,000
Strike 1190 has a total call value of 1,207,889,500,000 versus a total put value of 1,500,000 Combined total value = 1,207,891,000,000
Strike 1200 has a total call value of 1,244,080,500,000 versus a total put value of 1,000,000 Combined total value = 1,244,081,500,000
Strike 1210 has a total call value of 1,280,271,500,000 versus a total put value of 500,000 Combined total value = 1,280,272,000,000
Strike 1220 has a total call value of 1,316,462,500,000 versus a total put value of 0 Combined total value = 1,316,462,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 407.25 | 400 |
| ABB | 5457.5 | 5400 |
| ABCAPITAL | 185.52 | 175 |
| ABFRL | 253.26 | 250 |
| ACC | 1915.65 | 1940 |
| ADANIENSOL | 831.7 | 780 |
| ADANIENT | 2362.8 | 2360 |
| ADANIGREEN | 954.25 | 880 |
| ADANIPORTS | 1188.8 | 1160 |
| ALKEM | 4979 | 4800 |
| AMBUJACEM | 514.5 | 515 |
| ANGELONE | 2336.8 | 2100 |
| APLAPOLLO | 1511.55 | 1460 |
| APOLLOHOSP | 6611.55 | 6450 |
| APOLLOTYRE | 425.85 | 420 |
| ASHOKLEY | 210.84 | 210 |
| ASIANPAINT | 2300.4 | 2260 |
| ASTRAL | 1291.55 | 1300 |
| ATGL | 630.7 | 600 |
| AUBANK | 542.8 | 525 |
| AUROPHARMA | 1200.35 | 1160 |
| AXISBANK | 1070.15 | 1050 |
| BAJAJ-AUTO | 8067.85 | 7900 |
| BAJAJFINSV | 1847.25 | 1840 |
| BAJFINANCE | 8916.1 | 8700 |
| BALKRISIND | 2609.85 | 2580 |
| BANDHANBNK | 144.96 | 145 |
| BANKBARODA | 216.7 | 215 |
| BANKINDIA | 105.84 | 100 |
| BEL | 295.74 | 285 |
| BERGEPAINT | 500.3 | 500 |
| BHARATFORG | 1181.3 | 1120 |
| BHARTIARTL | 1725.8 | 1680 |
| BHEL | 211.95 | 205 |
| BIOCON | 344.1 | 335 |
| BOSCHLTD | 27432.25 | 28000 |
| BPCL | 279.66 | 270 |
| BRITANNIA | 4814 | 4750 |
| BSE | 4779.75 | 4500 |
| BSOFT | 404.35 | 410 |
| CAMS | 3815.7 | 3600 |
| CANBK | 87.54 | 87 |
| CDSL | 1216.3 | 1160 |
| CESC | 150.82 | 145 |
| CGPOWER | 641.25 | 620 |
| CHAMBLFERT | 597.05 | 580 |
| CHOLAFIN | 1538.5 | 1460 |
| CIPLA | 1523.85 | 1480 |
| COALINDIA | 405.4 | 395 |
| COFORGE | 7746.8 | 7500 |
| COLPAL | 2401.1 | 2480 |
| CONCOR | 689.65 | 680 |
| CROMPTON | 362.85 | 355 |
| CUMMINSIND | 2937.75 | 2900 |
| CYIENT | 1316.75 | 1260 |
| DABUR | 506.8 | 500 |
| DALBHARAT | 1747.4 | 1700 |
| DEEPAKNTR | 2057.8 | 1950 |
| DELHIVERY | 263.62 | 260 |
| DIVISLAB | 5797.35 | 5750 |
| DIXON | 14056.8 | 13750 |
| DLF | 695.9 | 690 |
| DMART | 3892.2 | 3800 |
| DRREDDY | 1200.15 | 1150 |
| EICHERMOT | 5305.95 | 5100 |
| ESCORTS | 3228.3 | 3100 |
| EXIDEIND | 358.65 | 360 |
| FEDERALBNK | 187.3 | 185 |
| GAIL | 175.05 | 171 |
| GLENMARK | 1514.75 | 1440 |
| GMRAIRPORT | 77.36 | 74 |
| GODREJCP | 1111.95 | 1070 |
| GODREJPROP | 2143.95 | 2100 |
| GRANULES | 507.45 | 500 |
| GRASIM | 2469.4 | 2420 |
| HAL | 3891.25 | 3700 |
| HAVELLS | 1480.8 | 1500 |
| HCLTECH | 1566.7 | 1580 |
| HDFCAMC | 3994.55 | 3900 |
| HDFCBANK | 1770.35 | 1760 |
| HDFCLIFE | 679.6 | 640 |
| HEROMOTOCO | 3629 | 3650 |
| HFCL | 82.81 | 85 |
| HINDALCO | 695.35 | 670 |
| HINDCOPPER | 229.91 | 220 |
| HINDPETRO | 356.95 | 340 |
| HINDUNILVR | 2246.2 | 2260 |
| HUDCO | 202.8 | 195 |
| ICICIBANK | 1343.1 | 1300 |
| ICICIGI | 1723.2 | 1700 |
| ICICIPRULI | 581.4 | 570 |
| IDEA | 7.62 | 8 |
| IDFCFIRSTB | 56.29 | 58 |
| IEX | 172.67 | 170 |
| IGL | 198.14 | 192.5 |
| IIFL | 340 | 320 |
| INDHOTEL | 824.7 | 790 |
| INDIANB | 547.95 | 520 |
| INDIGO | 5044.05 | 4900 |
| INDUSINDBK | 686.9 | 750 |
| INDUSTOWER | 348.85 | 340 |
| INFY | 1592.55 | 1620 |
| IOC | 131.51 | 127.5 |
| IRB | 46.8 | 45 |
| IRCTC | 722.2 | 710 |
| IREDA | 154.82 | 145 |
| IRFC | 129.66 | 125 |
| ITC | 405.55 | 405 |
| JINDALSTEL | 914.3 | 900 |
| JIOFIN | 229.12 | 225 |
| JKCEMENT | 4822.5 | 4600 |
| JSL | 625.7 | 630 |
| JSWENERGY | 559.7 | 530 |
| JSWSTEEL | 1058.7 | 1030 |
| JUBLFOOD | 629.05 | 630 |
| KALYANKJIL | 471.2 | 440 |
| KEI | 2890.3 | 2900 |
| KOTAKBANK | 2079 | 2020 |
| KPITTECH | 1323.4 | 1280 |
| LAURUSLABS | 611.2 | 590 |
| LICHSGFIN | 571.7 | 550 |
| LICI | 791.35 | 780 |
| LODHA | 1180.75 | 1160 |
| LT | 3415.95 | 3300 |
| LTF | 155.09 | 150 |
| LTIM | 4520.25 | 4500 |
| LTTS | 4670.4 | 4600 |
| LUPIN | 2114.7 | 2020 |
| M&M | 2801.85 | 2750 |
| M&MFIN | 291.35 | 280 |
| MANAPPURAM | 234.16 | 207.5 |
| MARICO | 630.8 | 620 |
| MARUTI | 11732.8 | 11700 |
| MAXHEALTH | 1170.25 | 1140 |
| MCX | 5464.1 | 5300 |
| MFSL | 1140.05 | 1100 |
| MGL | 1380 | 1340 |
| MOTHERSON | 131.34 | 130 |
| MPHASIS | 2429.95 | 2350 |
| MRF | 112050.15 | 110000 |
| MUTHOOTFIN | 2356.6 | 2340 |
| NATIONALUM | 185.52 | 190 |
| NAUKRI | 6916 | 6800 |
| NBCC | 83.73 | 80 |
| NCC | 206.03 | 195 |
| NESTLEIND | 2268.85 | 2240 |
| NHPC | 82.56 | 80 |
| NMDC | 67.51 | 68 |
| NTPC | 351.3 | 340 |
| NYKAA | 172.52 | 170 |
| OBEROIRLTY | 1652.5 | 1600 |
| OFSS | 7644.4 | 7750 |
| OIL | 393.6 | 390 |
| ONGC | 242.42 | 235 |
| PAGEIND | 42127.95 | 41000 |
| PATANJALI | 1761.05 | 1740 |
| PAYTM | 751.05 | 720 |
| PEL | 996.45 | 960 |
| PERSISTENT | 5275.55 | 5300 |
| PETRONET | 301.25 | 295 |
| PFC | 407.8 | 400 |
| PHOENIXLTD | 1666.15 | 1600 |
| PIDILITIND | 2825.5 | 2760 |
| PIIND | 3456.7 | 3300 |
| PNB | 93.14 | 92 |
| POLICYBZR | 1603 | 1500 |
| POLYCAB | 4992.3 | 5000 |
| POONAWALLA | 334.8 | 305 |
| POWERGRID | 283.1 | 275 |
| PRESTIGE | 1226.15 | 1150 |
| RAMCOCEM | 855.85 | 840 |
| RBLBANK | 168.3 | 165 |
| RECLTD | 428.95 | 420 |
| RELIANCE | 1276.35 | 1250 |
| SAIL | 115.3 | 110 |
| SBICARD | 857.5 | 845 |
| SBILIFE | 1546.4 | 1480 |
| SBIN | 753.2 | 740 |
| SHREECEM | 28987.4 | 28250 |
| SHRIRAMFIN | 676.8 | 650 |
| SIEMENS | 5200.65 | 5000 |
| SJVN | 95.23 | 90 |
| SOLARINDS | 10650.65 | 10200 |
| SONACOMS | 509.35 | 500 |
| SRF | 3024.35 | 2900 |
| SUNPHARMA | 1784.5 | 1680 |
| SUPREMEIND | 3427.85 | 3500 |
| SYNGENE | 716 | 700 |
| TATACHEM | 847.25 | 840 |
| TATACOMM | 1610 | 1540 |
| TATACONSUM | 961.2 | 970 |
| TATAELXSI | 5462.95 | 5400 |
| TATAMOTORS | 702.95 | 680 |
| TATAPOWER | 379.5 | 375 |
| TATASTEEL | 157.28 | 153 |
| TATATECH | 685.75 | 670 |
| TCS | 3578.1 | 3600 |
| TECHM | 1409.25 | 1440 |
| TIINDIA | 2872.15 | 2800 |
| TITAGARH | 784.5 | 760 |
| TITAN | 3162.7 | 3150 |
| TORNTPHARM | 3223.1 | 3100 |
| TORNTPOWER | 1498.55 | 1360 |
| TRENT | 5150.05 | 5100 |
| TVSMOTOR | 2413.85 | 2360 |
| ULTRACEMCO | 10976.75 | 10500 |
| UNIONBANK | 122.52 | 119 |
| UNITDSPR | 1391.6 | 1320 |
| UPL | 658.85 | 640 |
| USDINR | 86.015 | 77.25 |
| VBL | 537.95 | 520 |
| VEDL | 467.3 | 450 |
| VOLTAS | 1429.5 | 1400 |
| WIPRO | 264.3 | 270 |
| YESBANK | 17.17 | 17 |
| ZOMATO | 227.52 | 220 |
| ZYDUSLIFE | 918.6 | 900 |
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.
