INDUSINDBK
Indusind Bank Limited
Max pain for INDUSINDBK
03 Apr 2025 11:31 AM IST
Max Pain for INDUSINDBK is 700
Strike 500 has a total call value of 0 versus a total put value of 226,233,500,000 Combined total value = 226,233,500,000
Strike 510 has a total call value of 0 versus a total put value of 211,797,000,000 Combined total value = 211,797,000,000
Strike 520 has a total call value of 0 versus a total put value of 197,360,500,000 Combined total value = 197,360,500,000
Strike 530 has a total call value of 0 versus a total put value of 183,160,500,000 Combined total value = 183,160,500,000
Strike 540 has a total call value of 0 versus a total put value of 169,293,500,000 Combined total value = 169,293,500,000
Strike 550 has a total call value of 0 versus a total put value of 156,051,500,000 Combined total value = 156,051,500,000
Strike 560 has a total call value of 1,000,000 versus a total put value of 143,606,000,000 Combined total value = 143,607,000,000
Strike 570 has a total call value of 2,000,000 versus a total put value of 131,648,500,000 Combined total value = 131,650,500,000
Strike 580 has a total call value of 3,000,000 versus a total put value of 120,090,000,000 Combined total value = 120,093,000,000
Strike 590 has a total call value of 4,000,000 versus a total put value of 109,066,000,000 Combined total value = 109,070,000,000
Strike 600 has a total call value of 5,000,000 versus a total put value of 98,345,500,000 Combined total value = 98,350,500,000
Strike 610 has a total call value of 455,500,000 versus a total put value of 89,204,500,000 Combined total value = 89,660,000,000
Strike 620 has a total call value of 906,000,000 versus a total put value of 80,349,500,000 Combined total value = 81,255,500,000
Strike 630 has a total call value of 1,498,000,000 versus a total put value of 71,833,500,000 Combined total value = 73,331,500,000
Strike 640 has a total call value of 2,206,000,000 versus a total put value of 63,831,000,000 Combined total value = 66,037,000,000
Strike 650 has a total call value of 3,102,500,000 versus a total put value of 56,507,000,000 Combined total value = 59,609,500,000
Strike 660 has a total call value of 4,442,500,000 versus a total put value of 50,263,500,000 Combined total value = 54,706,000,000
Strike 670 has a total call value of 6,150,500,000 versus a total put value of 44,533,500,000 Combined total value = 50,684,000,000
Strike 680 has a total call value of 8,308,000,000 versus a total put value of 39,168,500,000 Combined total value = 47,476,500,000
Strike 690 has a total call value of 11,193,500,000 versus a total put value of 34,559,000,000 Combined total value = 45,752,500,000
Strike 700 has a total call value of 14,562,500,000 versus a total put value of 30,429,500,000 Combined total value = 44,992,000,000
Strike 710 has a total call value of 20,197,500,000 versus a total put value of 27,402,500,000 Combined total value = 47,600,000,000
Strike 720 has a total call value of 26,571,000,000 versus a total put value of 24,827,000,000 Combined total value = 51,398,000,000
Strike 730 has a total call value of 33,713,500,000 versus a total put value of 22,505,000,000 Combined total value = 56,218,500,000
Strike 740 has a total call value of 41,218,000,000 versus a total put value of 20,333,500,000 Combined total value = 61,551,500,000
Strike 750 has a total call value of 49,152,500,000 versus a total put value of 18,198,000,000 Combined total value = 67,350,500,000
Strike 760 has a total call value of 59,461,500,000 versus a total put value of 16,656,500,000 Combined total value = 76,118,000,000
Strike 770 has a total call value of 70,135,500,000 versus a total put value of 15,166,000,000 Combined total value = 85,301,500,000
Strike 780 has a total call value of 81,122,000,000 versus a total put value of 13,698,000,000 Combined total value = 94,820,000,000
Strike 790 has a total call value of 92,445,500,000 versus a total put value of 12,273,000,000 Combined total value = 104,718,500,000
Strike 800 has a total call value of 103,991,000,000 versus a total put value of 10,848,000,000 Combined total value = 114,839,000,000
Strike 810 has a total call value of 117,806,000,000 versus a total put value of 9,927,500,000 Combined total value = 127,733,500,000
Strike 820 has a total call value of 131,859,500,000 versus a total put value of 9,008,500,000 Combined total value = 140,868,000,000
Strike 830 has a total call value of 146,157,000,000 versus a total put value of 8,102,000,000 Combined total value = 154,259,000,000
Strike 840 has a total call value of 160,683,500,000 versus a total put value of 7,195,500,000 Combined total value = 167,879,000,000
Strike 850 has a total call value of 175,386,500,000 versus a total put value of 6,366,000,000 Combined total value = 181,752,500,000
Strike 860 has a total call value of 190,449,000,000 versus a total put value of 5,687,000,000 Combined total value = 196,136,000,000
Strike 870 has a total call value of 205,613,000,000 versus a total put value of 5,008,000,000 Combined total value = 210,621,000,000
Strike 880 has a total call value of 220,777,000,000 versus a total put value of 4,329,000,000 Combined total value = 225,106,000,000
Strike 890 has a total call value of 236,113,000,000 versus a total put value of 3,650,000,000 Combined total value = 239,763,000,000
Strike 900 has a total call value of 251,449,000,000 versus a total put value of 2,971,000,000 Combined total value = 254,420,000,000
Strike 910 has a total call value of 267,895,000,000 versus a total put value of 2,658,000,000 Combined total value = 270,553,000,000
Strike 920 has a total call value of 284,341,000,000 versus a total put value of 2,345,000,000 Combined total value = 286,686,000,000
Strike 930 has a total call value of 300,787,000,000 versus a total put value of 2,032,000,000 Combined total value = 302,819,000,000
Strike 940 has a total call value of 317,233,000,000 versus a total put value of 1,719,000,000 Combined total value = 318,952,000,000
Strike 950 has a total call value of 333,679,000,000 versus a total put value of 1,432,500,000 Combined total value = 335,111,500,000
Strike 960 has a total call value of 350,311,000,000 versus a total put value of 1,146,000,000 Combined total value = 351,457,000,000
Strike 970 has a total call value of 366,943,000,000 versus a total put value of 859,500,000 Combined total value = 367,802,500,000
Strike 980 has a total call value of 383,575,000,000 versus a total put value of 573,000,000 Combined total value = 384,148,000,000
Strike 990 has a total call value of 400,207,000,000 versus a total put value of 286,500,000 Combined total value = 400,493,500,000
Strike 1000 has a total call value of 416,839,000,000 versus a total put value of 0 Combined total value = 416,839,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 707.65 | 400 |
| ABB | 707.65 | 5400 |
| ABCAPITAL | 707.65 | 190 |
| ABFRL | 707.65 | 265 |
| ACC | 707.65 | 1940 |
| ADANIENSOL | 707.65 | 860 |
| ADANIENT | 707.65 | 2500 |
| ADANIGREEN | 707.65 | 940 |
| ADANIPORTS | 707.65 | 1200 |
| ALKEM | 707.65 | 4950 |
| AMBUJACEM | 707.65 | 550 |
| ANGELONE | 707.65 | 2300 |
| APLAPOLLO | 707.65 | 1520 |
| APOLLOHOSP | 707.65 | 6700 |
| APOLLOTYRE | 707.65 | 430 |
| ASHOKLEY | 707.65 | 210 |
| ASIANPAINT | 707.65 | 2320 |
| ASTRAL | 707.65 | 1320 |
| ATGL | 707.65 | 600 |
| AUBANK | 707.65 | 550 |
| AUROPHARMA | 707.65 | 1200 |
| AXISBANK | 707.65 | 1100 |
| BAJAJ-AUTO | 707.65 | 8000 |
| BAJAJFINSV | 707.65 | 1940 |
| BAJFINANCE | 707.65 | 8700 |
| BALKRISIND | 707.65 | 2540 |
| BANDHANBNK | 707.65 | 150 |
| BANKBARODA | 707.65 | 230 |
| BANKINDIA | 707.65 | 110 |
| BEL | 707.65 | 290 |
| BERGEPAINT | 707.65 | 500 |
| BHARATFORG | 707.65 | 1160 |
| BHARTIARTL | 707.65 | 1720 |
| BHEL | 707.65 | 215 |
| BIOCON | 707.65 | 350 |
| BOSCHLTD | 707.65 | 28000 |
| BPCL | 707.65 | 280 |
| BRITANNIA | 707.65 | 4900 |
| BSE | 707.65 | 5200 |
| BSOFT | 707.65 | 400 |
| CAMS | 707.65 | 3700 |
| CANBK | 707.65 | 90 |
| CDSL | 707.65 | 1200 |
| CESC | 707.65 | 150 |
| CGPOWER | 707.65 | 630 |
| CHAMBLFERT | 707.65 | 620 |
| CHOLAFIN | 707.65 | 1500 |
| CIPLA | 707.65 | 1480 |
| COALINDIA | 707.65 | 400 |
| COFORGE | 707.65 | 7500 |
| COLPAL | 707.65 | 2400 |
| CONCOR | 707.65 | 700 |
| CROMPTON | 707.65 | 350 |
| CUMMINSIND | 707.65 | 3000 |
| CYIENT | 707.65 | 1260 |
| DABUR | 707.65 | 480 |
| DALBHARAT | 707.65 | 1800 |
| DEEPAKNTR | 707.65 | 2000 |
| DELHIVERY | 707.65 | 260 |
| DIVISLAB | 707.65 | 5800 |
| DIXON | 707.65 | 13500 |
| DLF | 707.65 | 690 |
| DMART | 707.65 | 4100 |
| DRREDDY | 707.65 | 1170 |
| EICHERMOT | 707.65 | 5400 |
| ESCORTS | 707.65 | 3250 |
| EXIDEIND | 707.65 | 370 |
| FEDERALBNK | 707.65 | 195 |
| GAIL | 707.65 | 180 |
| GLENMARK | 707.65 | 1520 |
| GMRAIRPORT | 707.65 | 80 |
| GODREJCP | 707.65 | 1150 |
| GODREJPROP | 707.65 | 2100 |
| GOLDM | 707.65 | 90000 |
| GRANULES | 707.65 | 500 |
| GRASIM | 707.65 | 2580 |
| HAL | 707.65 | 4200 |
| HAVELLS | 707.65 | 1520 |
| HCLTECH | 707.65 | 1540 |
| HDFCAMC | 707.65 | 4000 |
| HDFCBANK | 707.65 | 1800 |
| HDFCLIFE | 707.65 | 690 |
| HEROMOTOCO | 707.65 | 3750 |
| HFCL | 707.65 | 82.5 |
| HINDALCO | 707.65 | 670 |
| HINDCOPPER | 707.65 | 230 |
| HINDPETRO | 707.65 | 360 |
| HINDUNILVR | 707.65 | 2260 |
| HINDZINC | 707.65 | 460 |
| HUDCO | 707.65 | 205 |
| ICICIBANK | 707.65 | 1340 |
| ICICIGI | 707.65 | 1800 |
| ICICIPRULI | 707.65 | 570 |
| IDEA | 707.65 | 8 |
| IDFCFIRSTB | 707.65 | 58 |
| IEX | 707.65 | 180 |
| IGL | 707.65 | 200 |
| IIFL | 707.65 | 330 |
| INDHOTEL | 707.65 | 820 |
| INDIANB | 707.65 | 550 |
| INDIGO | 707.65 | 5000 |
| INDUSINDBK | 707.65 | 700 |
| INDUSTOWER | 707.65 | 350 |
| INFY | 707.65 | 1560 |
| INOXWIND | 707.65 | 165 |
| IOC | 707.65 | 132.5 |
| IRB | 707.65 | 46 |
| IRCTC | 707.65 | 730 |
| IREDA | 707.65 | 155 |
| IRFC | 707.65 | 125 |
| ITC | 707.65 | 410 |
| JINDALSTEL | 707.65 | 920 |
| JIOFIN | 707.65 | 230 |
| JSL | 707.65 | 600 |
| JSWENERGY | 707.65 | 530 |
| JSWSTEEL | 707.65 | 1050 |
| JUBLFOOD | 707.65 | 670 |
| KALYANKJIL | 707.65 | 500 |
| KEI | 707.65 | 2900 |
| KOTAKBANK | 707.65 | 2120 |
| KPITTECH | 707.65 | 1260 |
| LAURUSLABS | 707.65 | 610 |
| LICHSGFIN | 707.65 | 570 |
| LICI | 707.65 | 800 |
| LODHA | 707.65 | 1200 |
| LT | 707.65 | 3460 |
| LTF | 707.65 | 150 |
| LTIM | 707.65 | 4500 |
| LUPIN | 707.65 | 2100 |
| M&M | 707.65 | 2700 |
| M&MFIN | 707.65 | 275 |
| MANAPPURAM | 707.65 | 230 |
| MARICO | 707.65 | 650 |
| MARUTI | 707.65 | 11700 |
| MAXHEALTH | 707.65 | 1120 |
| MCX | 707.65 | 5400 |
| MFSL | 707.65 | 1140 |
| MGL | 707.65 | 1400 |
| MOTHERSON | 707.65 | 130 |
| MPHASIS | 707.65 | 2480 |
| MRF | 707.65 | 114000 |
| MUTHOOTFIN | 707.65 | 2300 |
| NATIONALUM | 707.65 | 185 |
| NAUKRI | 707.65 | 6900 |
| NBCC | 707.65 | 80 |
| NCC | 707.65 | 210 |
| NESTLEIND | 707.65 | 2220 |
| NHPC | 707.65 | 84 |
| NMDC | 707.65 | 70 |
| NTPC | 707.65 | 360 |
| NYKAA | 707.65 | 177.5 |
| OBEROIRLTY | 707.65 | 1600 |
| OFSS | 707.65 | 7750 |
| OIL | 707.65 | 390 |
| ONGC | 707.65 | 250 |
| PAGEIND | 707.65 | 43000 |
| PATANJALI | 707.65 | 1820 |
| PAYTM | 707.65 | 800 |
| PEL | 707.65 | 1000 |
| PERSISTENT | 707.65 | 5000 |
| PETRONET | 707.65 | 300 |
| PFC | 707.65 | 420 |
| PHOENIXLTD | 707.65 | 1600 |
| PIDILITIND | 707.65 | 2840 |
| PIIND | 707.65 | 3500 |
| PNB | 707.65 | 96 |
| PNBHOUSING | 707.65 | 900 |
| POLICYBZR | 707.65 | 1580 |
| POLYCAB | 707.65 | 5200 |
| POONAWALLA | 707.65 | 340 |
| POWERGRID | 707.65 | 290 |
| PRESTIGE | 707.65 | 1180 |
| RAMCOCEM | 707.65 | 910 |
| RBLBANK | 707.65 | 175 |
| RECLTD | 707.65 | 430 |
| RELIANCE | 707.65 | 1280 |
| SAIL | 707.65 | 120 |
| SBICARD | 707.65 | 860 |
| SBILIFE | 707.65 | 1560 |
| SBIN | 707.65 | 780 |
| SHREECEM | 707.65 | 30500 |
| SHRIRAMFIN | 707.65 | 650 |
| SIEMENS | 707.65 | 5300 |
| SILVER | 707.65 | 98000 |
| SJVN | 707.65 | 92 |
| SOLARINDS | 707.65 | 11100 |
| SONACOMS | 707.65 | 460 |
| SRF | 707.65 | 2940 |
| SUNPHARMA | 707.65 | 1740 |
| SUPREMEIND | 707.65 | 3500 |
| SYNGENE | 707.65 | 730 |
| TATACHEM | 707.65 | 860 |
| TATACOMM | 707.65 | 1600 |
| TATACONSUM | 707.65 | 1040 |
| TATAELXSI | 707.65 | 5200 |
| TATAMOTORS | 707.65 | 680 |
| TATAPOWER | 707.65 | 390 |
| TATASTEEL | 707.65 | 155 |
| TATATECH | 707.65 | 680 |
| TCS | 707.65 | 3550 |
| TECHM | 707.65 | 1420 |
| TIINDIA | 707.65 | 2700 |
| TITAGARH | 707.65 | 800 |
| TITAN | 707.65 | 3100 |
| TORNTPHARM | 707.65 | 3250 |
| TORNTPOWER | 707.65 | 1500 |
| TRENT | 707.65 | 5600 |
| TVSMOTOR | 707.65 | 2460 |
| ULTRACEMCO | 707.65 | 11300 |
| UNIONBANK | 707.65 | 125 |
| UNITDSPR | 707.65 | 1400 |
| UPL | 707.65 | 650 |
| VBL | 707.65 | 540 |
| VEDL | 707.65 | 460 |
| VOLTAS | 707.65 | 1380 |
| WIPRO | 707.65 | 265 |
| YESBANK | 707.65 | 17 |
| ZOMATO | 707.65 | 210 |
| ZYDUSLIFE | 707.65 | 910 |
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.
