INDUSINDBK
Indusind Bank Limited
Max pain for INDUSINDBK
26 Dec 2024 04:11 PM IST
Max Pain for INDUSINDBK is 980
Strike 760 has a total call value of 0 versus a total put value of 123,207,000,000 Combined total value = 123,207,000,000
Strike 780 has a total call value of 0 versus a total put value of 111,825,000,000 Combined total value = 111,825,000,000
Strike 800 has a total call value of 0 versus a total put value of 100,443,000,000 Combined total value = 100,443,000,000
Strike 820 has a total call value of 0 versus a total put value of 89,403,000,000 Combined total value = 89,403,000,000
Strike 840 has a total call value of 0 versus a total put value of 78,364,000,000 Combined total value = 78,364,000,000
Strike 860 has a total call value of 0 versus a total put value of 67,325,000,000 Combined total value = 67,325,000,000
Strike 880 has a total call value of 0 versus a total put value of 56,666,000,000 Combined total value = 56,666,000,000
Strike 900 has a total call value of 101,000,000 versus a total put value of 46,289,000,000 Combined total value = 46,390,000,000
Strike 920 has a total call value of 461,000,000 versus a total put value of 37,721,000,000 Combined total value = 38,182,000,000
Strike 940 has a total call value of 1,145,000,000 versus a total put value of 29,957,000,000 Combined total value = 31,102,000,000
Strike 960 has a total call value of 2,503,000,000 versus a total put value of 22,907,000,000 Combined total value = 25,410,000,000
Strike 980 has a total call value of 6,098,000,000 versus a total put value of 16,604,000,000 Combined total value = 22,702,000,000
Strike 1000 has a total call value of 13,475,000,000 versus a total put value of 11,516,000,000 Combined total value = 24,991,000,000
Strike 1020 has a total call value of 27,256,000,000 versus a total put value of 9,125,000,000 Combined total value = 36,381,000,000
Strike 1040 has a total call value of 44,717,000,000 versus a total put value of 7,352,000,000 Combined total value = 52,069,000,000
Strike 1060 has a total call value of 64,379,000,000 versus a total put value of 5,913,000,000 Combined total value = 70,292,000,000
Strike 1080 has a total call value of 85,067,000,000 versus a total put value of 4,676,000,000 Combined total value = 89,743,000,000
Strike 1100 has a total call value of 106,868,000,000 versus a total put value of 3,746,000,000 Combined total value = 110,614,000,000
Strike 1120 has a total call value of 131,857,000,000 versus a total put value of 3,139,000,000 Combined total value = 134,996,000,000
Strike 1140 has a total call value of 157,516,000,000 versus a total put value of 2,582,000,000 Combined total value = 160,098,000,000
Strike 1160 has a total call value of 183,567,000,000 versus a total put value of 2,042,000,000 Combined total value = 185,609,000,000
Strike 1180 has a total call value of 209,775,000,000 versus a total put value of 1,517,000,000 Combined total value = 211,292,000,000
Strike 1200 has a total call value of 236,122,000,000 versus a total put value of 1,000,000,000 Combined total value = 237,122,000,000
Strike 1220 has a total call value of 263,213,000,000 versus a total put value of 718,000,000 Combined total value = 263,931,000,000
Strike 1240 has a total call value of 290,326,000,000 versus a total put value of 438,000,000 Combined total value = 290,764,000,000
Strike 1260 has a total call value of 317,514,000,000 versus a total put value of 219,000,000 Combined total value = 317,733,000,000
Strike 1280 has a total call value of 344,702,000,000 versus a total put value of 0 Combined total value = 344,702,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 413.25 | 440 |
| ABB | 6945.3 | 7300 |
| ABBOTINDIA | 28597 | 28000 |
| ABCAPITAL | 184.35 | 197.5 |
| ABFRL | 282.3 | 300 |
| ACC | 2087.65 | 2240 |
| ADANIENSOL | 792.3 | 800 |
| ADANIENT | 2400.25 | 2500 |
| ADANIGREEN | 1064.25 | 1100 |
| ADANIPORTS | 1243.95 | 1260 |
| ALKEM | 5408.6 | 5400 |
| AMBUJACEM | 548.8 | 550 |
| ANGELONE | 2903.95 | 3100 |
| APLAPOLLO | 1497.2 | 1540 |
| APOLLOHOSP | 7261.15 | 7200 |
| APOLLOTYRE | 542.25 | 530 |
| ASHOKLEY | 220.14 | 227.5 |
| ASIANPAINT | 2262.4 | 2400 |
| ASTRAL | 1671.5 | 1780 |
| ATGL | 672 | 710 |
| ATUL | 7097.35 | 7200 |
| AUBANK | 548.3 | 580 |
| AUROPHARMA | 1256.25 | 1240 |
| AXISBANK | 1076.7 | 1130 |
| BAJAJ-AUTO | 8878.5 | 9000 |
| BAJAJFINSV | 1559.3 | 1640 |
| BAJFINANCE | 6815.75 | 6900 |
| BALKRISIND | 2824.7 | 2800 |
| BANDHANBNK | 161.47 | 170 |
| BANKBARODA | 246.68 | 252.5 |
| BANKINDIA | 103.17 | 120 |
| BATAINDIA | 1350.45 | 1390 |
| BEL | 295.2 | 310 |
| BERGEPAINT | 441 | 460 |
| BHARATFORG | 1314.25 | 1340 |
| BHARTIARTL | 1599.5 | 1600 |
| BHEL | 241.75 | 250 |
| BIOCON | 346.45 | 355 |
| BOSCHLTD | 34190.1 | 35000 |
| BPCL | 295.6 | 300 |
| BRITANNIA | 4761.65 | 4800 |
| BSE | 5442.35 | 5100 |
| BSOFT | 570.25 | 600 |
| CAMS | 4964 | 5100 |
| CANBK | 101.03 | 106 |
| CANFINHOME | 723.95 | 780 |
| CDSL | 1806.65 | 1840 |
| CESC | 184.82 | 190 |
| CGPOWER | 743.75 | 760 |
| CHAMBLFERT | 500.4 | 520 |
| CHOLAFIN | 1189.35 | 1240 |
| CIPLA | 1490.55 | 1480 |
| COALINDIA | 386.6 | 415 |
| COFORGE | 9493.25 | 9100 |
| COLPAL | 2719.2 | 2850 |
| CONCOR | 776.35 | 830 |
| COROMANDEL | 1845.05 | 1800 |
| CROMPTON | 393.6 | 405 |
| CUB | 173.54 | 180 |
| CUMMINSIND | 3364.25 | 3500 |
| CYIENT | 1928.35 | 2000 |
| DABUR | 505.6 | 510 |
| DALBHARAT | 1738.55 | 1860 |
| DEEPAKNTR | 2571.25 | 2700 |
| DELHIVERY | 350.95 | 370 |
| DIVISLAB | 5886.75 | 6000 |
| DIXON | 18038.15 | 17750 |
| DLF | 838.7 | 840 |
| DMART | 3511.65 | 3700 |
| DRREDDY | 1355.15 | 1300 |
| EICHERMOT | 4801.35 | 4800 |
| ESCORTS | 3151.1 | 3300 |
| EXIDEIND | 418.3 | 450 |
| FEDERALBNK | 197.68 | 207.5 |
| GAIL | 197.63 | 200 |
| GLENMARK | 1541.45 | 1540 |
| GMRAIRPORT | 79.04 | 85 |
| GMRINFRA | 0 | 38 |
| GNFC | 575.5 | 620 |
| GODREJCP | 1071.2 | 1120 |
| GODREJPROP | 2855.75 | 2900 |
| GRANULES | 592.95 | 580 |
| GRASIM | 2482.05 | 2600 |
| GUJGASLTD | 509 | 490 |
| HAL | 4229.2 | 4500 |
| HAVELLS | 1676.4 | 1700 |
| HCLTECH | 1900.75 | 1900 |
| HDFCAMC | 4269.45 | 4400 |
| HDFCBANK | 1790.75 | 1800 |
| HDFCLIFE | 626.4 | 640 |
| HEROMOTOCO | 4275 | 4600 |
| HFCL | 114.67 | 122.5 |
| HINDALCO | 628.75 | 660 |
| HINDCOPPER | 263.2 | 290 |
| HINDPETRO | 419.3 | 400 |
| HINDUNILVR | 2332.75 | 2400 |
| HUDCO | 227.58 | 240 |
| ICICIBANK | 1297.35 | 1320 |
| ICICIGI | 1861.15 | 1900 |
| ICICIPRULI | 668.1 | 670 |
| IDEA | 7.56 | 8 |
| IDFCFIRSTB | 61.75 | 66 |
| IEX | 180.17 | 180 |
| IGL | 390.5 | 380 |
| INDHOTEL | 868.3 | 830 |
| INDIAMART | 2231.5 | 2350 |
| INDIANB | 543.8 | 580 |
| INDIGO | 4725 | 4500 |
| INDUSINDBK | 931.95 | 980 |
| INDUSTOWER | 332.35 | 350 |
| INFY | 1907.4 | 1900 |
| IOC | 137.85 | 145 |
| IPCALAB | 1594.4 | 1560 |
| IRB | 55.87 | 57 |
| IRCTC | 782.4 | 840 |
| IRFC | 146.89 | 155 |
| ITC | 476.95 | 470 |
| JINDALSTEL | 941.35 | 950 |
| JIOFIN | 305.55 | 320 |
| JKCEMENT | 4595 | 4600 |
| JSL | 733.85 | 720 |
| JSWENERGY | 636.5 | 660 |
| JSWSTEEL | 914.45 | 950 |
| JUBLFOOD | 703.9 | 680 |
| KALYANKJIL | 726.45 | 740 |
| KEI | 4320.25 | 4400 |
| KOTAKBANK | 1752.8 | 1780 |
| KPITTECH | 1452.2 | 1480 |
| LALPATHLAB | 2954.55 | 3050 |
| LAURUSLABS | 570.6 | 570 |
| LICHSGFIN | 588.2 | 620 |
| LICI | 891.9 | 940 |
| LODHA | 1414.05 | 1440 |
| LT | 3629.5 | 3750 |
| LTF | 136.82 | 145 |
| LTIM | 5752.35 | 6100 |
| LTTS | 4668.05 | 5100 |
| LUPIN | 2182.1 | 2100 |
| M&M | 2975.65 | 3000 |
| M&MFIN | 265.6 | 275 |
| MANAPPURAM | 184.29 | 167.5 |
| MARICO | 632.6 | 640 |
| MARUTI | 10896 | 11000 |
| MAXHEALTH | 1155.7 | 1100 |
| MCX | 6352.65 | 6500 |
| METROPOLIS | 2028.1 | 2100 |
| MFSL | 1114.2 | 1140 |
| MGL | 1238.95 | 1260 |
| MOTHERSON | 156.4 | 165 |
| MPHASIS | 2908.45 | 3050 |
| MRF | 131204.2 | 130000 |
| MUTHOOTFIN | 2062.5 | 2020 |
| NATIONALUM | 217.07 | 230 |
| NAUKRI | 8667.5 | 8600 |
| NAVINFLUOR | 3326.3 | 3500 |
| NCC | 284.5 | 300 |
| NESTLEIND | 2149.9 | 2220 |
| NHPC | 82.04 | 85 |
| NMDC | 214.45 | 230 |
| NTPC | 334.65 | 350 |
| NYKAA | 160.85 | 165 |
| OBEROIRLTY | 2322.65 | 2200 |
| OFSS | 12279.6 | 12250 |
| OIL | 427.05 | 450 |
| ONGC | 240.25 | 254 |
| PAGEIND | 47083.35 | 47500 |
| PAYTM | 1002.35 | 980 |
| PEL | 1098.45 | 1160 |
| PERSISTENT | 6395.8 | 6300 |
| PETRONET | 344.75 | 338 |
| PFC | 463.25 | 480 |
| PIDILITIND | 2932.45 | 3060 |
| PIIND | 3746 | 4050 |
| PNB | 102.16 | 105 |
| POLICYBZR | 2037.2 | 2000 |
| POLYCAB | 7144.6 | 7200 |
| POONAWALLA | 320.45 | 340 |
| POWERGRID | 310.3 | 325 |
| PRESTIGE | 1751.8 | 1800 |
| PVRINOX | 1336.85 | 1500 |
| RAMCOCEM | 976.55 | 1000 |
| RBLBANK | 162.41 | 162.5 |
| RECLTD | 519.1 | 530 |
| RELIANCE | 1216.55 | 1270 |
| SAIL | 117.59 | 127.5 |
| SBICARD | 679.2 | 710 |
| SBILIFE | 1409.05 | 1420 |
| SBIN | 812.45 | 840 |
| SHREECEM | 26342.7 | 27000 |
| SHRIRAMFIN | 2926.9 | 3050 |
| SIEMENS | 6705.55 | 7200 |
| SJVN | 108.87 | 117.5 |
| SONACOMS | 593.55 | 620 |
| SRF | 2262.15 | 2300 |
| SUNPHARMA | 1841.35 | 1820 |
| SUNTV | 686.45 | 730 |
| SUPREMEIND | 4756.55 | 4900 |
| SYNGENE | 846.6 | 870 |
| TATACHEM | 1057.65 | 1100 |
| TATACOMM | 1733.35 | 1800 |
| TATACONSUM | 900.95 | 930 |
| TATAELXSI | 6896.2 | 7200 |
| TATAMOTORS | 740.8 | 770 |
| TATAPOWER | 404.3 | 420 |
| TATASTEEL | 140.36 | 145 |
| TCS | 4169.1 | 4300 |
| TECHM | 1698.7 | 1760 |
| TIINDIA | 3636.9 | 3700 |
| TITAN | 3323.05 | 3400 |
| TORNTPHARM | 3421.35 | 3400 |
| TRENT | 7063.7 | 6900 |
| TVSMOTOR | 2438.55 | 2500 |
| UBL | 2015.1 | 2000 |
| ULTRACEMCO | 11460.65 | 11400 |
| UNIONBANK | 119.05 | 125 |
| UNITDSPR | 1566.95 | 1560 |
| UPL | 499.65 | 537.2 |
| VBL | 624.1 | 640 |
| VEDL | 460.45 | 480 |
| VOLTAS | 1711.3 | 1740 |
| WIPRO | 305.05 | 300 |
| YESBANK | 19.8 | 21 |
| ZOMATO | 273.2 | 280 |
| ZYDUSLIFE | 957.65 | 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.
