INDUSINDBK
Indusind Bank Limited
Max pain for INDUSINDBK
13 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 475,001,000,000 Combined total value = 475,001,000,000
Strike 550 has a total call value of 0 versus a total put value of 456,121,500,000 Combined total value = 456,121,500,000
Strike 560 has a total call value of 0 versus a total put value of 437,242,000,000 Combined total value = 437,242,000,000
Strike 570 has a total call value of 0 versus a total put value of 418,990,000,000 Combined total value = 418,990,000,000
Strike 580 has a total call value of 0 versus a total put value of 400,738,000,000 Combined total value = 400,738,000,000
Strike 590 has a total call value of 0 versus a total put value of 382,730,500,000 Combined total value = 382,730,500,000
Strike 600 has a total call value of 0 versus a total put value of 364,723,000,000 Combined total value = 364,723,000,000
Strike 610 has a total call value of 31,500,000 versus a total put value of 348,579,500,000 Combined total value = 348,611,000,000
Strike 620 has a total call value of 63,000,000 versus a total put value of 332,599,500,000 Combined total value = 332,662,500,000
Strike 630 has a total call value of 154,000,000 versus a total put value of 317,015,500,000 Combined total value = 317,169,500,000
Strike 640 has a total call value of 245,000,000 versus a total put value of 301,707,500,000 Combined total value = 301,952,500,000
Strike 650 has a total call value of 423,000,000 versus a total put value of 286,923,500,000 Combined total value = 287,346,500,000
Strike 660 has a total call value of 882,000,000 versus a total put value of 273,167,500,000 Combined total value = 274,049,500,000
Strike 670 has a total call value of 1,692,000,000 versus a total put value of 260,030,500,000 Combined total value = 261,722,500,000
Strike 680 has a total call value of 2,856,000,000 versus a total put value of 247,217,000,000 Combined total value = 250,073,000,000
Strike 690 has a total call value of 4,599,500,000 versus a total put value of 234,993,000,000 Combined total value = 239,592,500,000
Strike 700 has a total call value of 7,005,500,000 versus a total put value of 222,910,000,000 Combined total value = 229,915,500,000
Strike 710 has a total call value of 12,547,500,000 versus a total put value of 212,107,000,000 Combined total value = 224,654,500,000
Strike 720 has a total call value of 18,490,500,000 versus a total put value of 201,520,500,000 Combined total value = 220,011,000,000
Strike 730 has a total call value of 25,328,500,000 versus a total put value of 191,183,500,000 Combined total value = 216,512,000,000
Strike 740 has a total call value of 32,786,500,000 versus a total put value of 180,952,000,000 Combined total value = 213,738,500,000
Strike 750 has a total call value of 41,107,500,000 versus a total put value of 170,720,500,000 Combined total value = 211,828,000,000
Strike 760 has a total call value of 55,355,000,000 versus a total put value of 161,625,500,000 Combined total value = 216,980,500,000
Strike 770 has a total call value of 70,951,000,000 versus a total put value of 152,726,500,000 Combined total value = 223,677,500,000
Strike 780 has a total call value of 87,426,000,000 versus a total put value of 143,827,500,000 Combined total value = 231,253,500,000
Strike 790 has a total call value of 105,293,500,000 versus a total put value of 135,057,000,000 Combined total value = 240,350,500,000
Strike 800 has a total call value of 123,622,000,000 versus a total put value of 126,286,500,000 Combined total value = 249,908,500,000
Strike 810 has a total call value of 147,682,000,000 versus a total put value of 118,540,000,000 Combined total value = 266,222,000,000
Strike 820 has a total call value of 172,454,000,000 versus a total put value of 110,793,500,000 Combined total value = 283,247,500,000
Strike 830 has a total call value of 198,298,500,000 versus a total put value of 103,047,000,000 Combined total value = 301,345,500,000
Strike 840 has a total call value of 224,750,000,000 versus a total put value of 95,300,500,000 Combined total value = 320,050,500,000
Strike 850 has a total call value of 252,217,500,000 versus a total put value of 87,988,500,000 Combined total value = 340,206,000,000
Strike 860 has a total call value of 281,310,500,000 versus a total put value of 81,045,500,000 Combined total value = 362,356,000,000
Strike 870 has a total call value of 310,808,000,000 versus a total put value of 74,308,000,000 Combined total value = 385,116,000,000
Strike 880 has a total call value of 340,652,500,000 versus a total put value of 67,661,500,000 Combined total value = 408,314,000,000
Strike 890 has a total call value of 370,952,000,000 versus a total put value of 61,219,000,000 Combined total value = 432,171,000,000
Strike 900 has a total call value of 401,624,000,000 versus a total put value of 54,990,000,000 Combined total value = 456,614,000,000
Strike 910 has a total call value of 435,201,500,000 versus a total put value of 49,710,000,000 Combined total value = 484,911,500,000
Strike 920 has a total call value of 470,133,500,000 versus a total put value of 44,780,000,000 Combined total value = 514,913,500,000
Strike 930 has a total call value of 505,876,000,000 versus a total put value of 40,123,500,000 Combined total value = 545,999,500,000
Strike 940 has a total call value of 542,409,000,000 versus a total put value of 35,736,000,000 Combined total value = 578,145,000,000
Strike 950 has a total call value of 579,931,000,000 versus a total put value of 31,721,500,000 Combined total value = 611,652,500,000
Strike 960 has a total call value of 619,101,000,000 versus a total put value of 28,110,000,000 Combined total value = 647,211,000,000
Strike 970 has a total call value of 659,752,000,000 versus a total put value of 25,183,000,000 Combined total value = 684,935,000,000
Strike 980 has a total call value of 701,440,000,000 versus a total put value of 22,256,000,000 Combined total value = 723,696,000,000
Strike 990 has a total call value of 744,097,000,000 versus a total put value of 19,674,500,000 Combined total value = 763,771,500,000
Strike 1000 has a total call value of 787,502,000,000 versus a total put value of 17,283,000,000 Combined total value = 804,785,000,000
Strike 1010 has a total call value of 834,594,000,000 versus a total put value of 15,554,000,000 Combined total value = 850,148,000,000
Strike 1020 has a total call value of 881,985,000,000 versus a total put value of 13,825,000,000 Combined total value = 895,810,000,000
Strike 1030 has a total call value of 929,862,000,000 versus a total put value of 12,301,000,000 Combined total value = 942,163,000,000
Strike 1040 has a total call value of 978,061,000,000 versus a total put value of 10,777,000,000 Combined total value = 988,838,000,000
Strike 1050 has a total call value of 1,026,800,500,000 versus a total put value of 9,253,000,000 Combined total value = 1,036,053,500,000
Strike 1060 has a total call value of 1,076,092,500,000 versus a total put value of 8,337,500,000 Combined total value = 1,084,430,000,000
Strike 1070 has a total call value of 1,125,699,000,000 versus a total put value of 7,607,500,000 Combined total value = 1,133,306,500,000
Strike 1080 has a total call value of 1,175,468,000,000 versus a total put value of 6,943,000,000 Combined total value = 1,182,411,000,000
Strike 1090 has a total call value of 1,225,734,000,000 versus a total put value of 6,278,500,000 Combined total value = 1,232,012,500,000
Strike 1100 has a total call value of 1,276,000,000,000 versus a total put value of 5,614,000,000 Combined total value = 1,281,614,000,000
Strike 1110 has a total call value of 1,327,868,000,000 versus a total put value of 4,949,500,000 Combined total value = 1,332,817,500,000
Strike 1120 has a total call value of 1,379,736,000,000 versus a total put value of 4,298,000,000 Combined total value = 1,384,034,000,000
Strike 1130 has a total call value of 1,431,680,500,000 versus a total put value of 3,742,000,000 Combined total value = 1,435,422,500,000
Strike 1140 has a total call value of 1,483,717,000,000 versus a total put value of 3,186,000,000 Combined total value = 1,486,903,000,000
Strike 1150 has a total call value of 1,535,819,500,000 versus a total put value of 2,654,500,000 Combined total value = 1,538,474,000,000
Strike 1160 has a total call value of 1,587,922,000,000 versus a total put value of 2,123,000,000 Combined total value = 1,590,045,000,000
Strike 1170 has a total call value of 1,640,084,000,000 versus a total put value of 1,592,500,000 Combined total value = 1,641,676,500,000
Strike 1180 has a total call value of 1,692,246,000,000 versus a total put value of 1,062,000,000 Combined total value = 1,693,308,000,000
Strike 1190 has a total call value of 1,744,408,000,000 versus a total put value of 531,500,000 Combined total value = 1,744,939,500,000
Strike 1200 has a total call value of 1,796,570,000,000 versus a total put value of 1,000,000 Combined total value = 1,796,571,000,000
Strike 1210 has a total call value of 1,849,137,500,000 versus a total put value of 500,000 Combined total value = 1,849,138,000,000
Strike 1220 has a total call value of 1,901,705,000,000 versus a total put value of 0 Combined total value = 1,901,705,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 382.75 | 400 |
| ABB | 5118.55 | 5200 |
| ABCAPITAL | 162.19 | 162.5 |
| ABFRL | 240.05 | 250 |
| ACC | 1854 | 1860 |
| ADANIENSOL | 783.2 | 760 |
| ADANIENT | 2221.1 | 2380 |
| ADANIGREEN | 873.65 | 840 |
| ADANIPORTS | 1119.2 | 1120 |
| ALKEM | 4706.95 | 4700 |
| AMBUJACEM | 485.8 | 485 |
| ANGELONE | 1953.5 | 2000 |
| APLAPOLLO | 1372.8 | 1400 |
| APOLLOHOSP | 6105.65 | 6150 |
| APOLLOTYRE | 400.95 | 400 |
| ASHOKLEY | 196.63 | 205 |
| ASIANPAINT | 2231.3 | 2260 |
| ASTRAL | 1238.3 | 1300 |
| ATGL | 604.35 | 580 |
| AUBANK | 502.85 | 530 |
| AUROPHARMA | 1094.75 | 1100 |
| AXISBANK | 1010.2 | 1020 |
| BAJAJ-AUTO | 7504.7 | 7600 |
| BAJAJFINSV | 1807.45 | 1820 |
| BAJFINANCE | 8420.45 | 8400 |
| BALKRISIND | 2499.05 | 2520 |
| BANDHANBNK | 139.84 | 145 |
| BANKBARODA | 205.52 | 210 |
| BANKINDIA | 94.12 | 96 |
| BEL | 280.07 | 275 |
| BERGEPAINT | 488.2 | 490 |
| BHARATFORG | 1039.25 | 1040 |
| BHARTIARTL | 1632.5 | 1640 |
| BHEL | 193.33 | 200 |
| BIOCON | 323.05 | 320 |
| BOSCHLTD | 26378.35 | 27000 |
| BPCL | 264.41 | 260 |
| BRITANNIA | 4728.25 | 4750 |
| BSE | 3926.25 | 4300 |
| BSOFT | 385.75 | 400 |
| CAMS | 3410.1 | 3400 |
| CANBK | 82.9 | 85 |
| CDSL | 1071 | 1100 |
| CESC | 138.67 | 135 |
| CGPOWER | 599.1 | 600 |
| CHAMBLFERT | 556.55 | 560 |
| CHOLAFIN | 1444.7 | 1420 |
| CIPLA | 1461.9 | 1440 |
| COALINDIA | 378.3 | 380 |
| COFORGE | 7292.25 | 7500 |
| COLPAL | 2411.7 | 2480 |
| CONCOR | 640.25 | 670 |
| CROMPTON | 344.25 | 350 |
| CUMMINSIND | 2835.25 | 2850 |
| CYIENT | 1192.35 | 1240 |
| DABUR | 500.95 | 500 |
| DALBHARAT | 1607.1 | 1680 |
| DEEPAKNTR | 1948.6 | 1900 |
| DELHIVERY | 241.76 | 250 |
| DIVISLAB | 5620.45 | 5650 |
| DIXON | 13324.05 | 13500 |
| DLF | 658.1 | 660 |
| DMART | 3797.1 | 3750 |
| DRREDDY | 1107.95 | 1120 |
| EICHERMOT | 5015.25 | 5000 |
| ESCORTS | 2908.5 | 3000 |
| EXIDEIND | 333 | 350 |
| FEDERALBNK | 176.6 | 180 |
| GAIL | 157.96 | 160 |
| GLENMARK | 1405.15 | 1380 |
| GMRAIRPORT | 74.33 | 72 |
| GODREJCP | 1025.8 | 1030 |
| GODREJPROP | 1969.1 | 2000 |
| GRANULES | 470.65 | 490 |
| GRASIM | 2370.2 | 2400 |
| HAL | 3396.15 | 3450 |
| HAVELLS | 1458.65 | 1460 |
| HCLTECH | 1534.75 | 1560 |
| HDFCAMC | 3725.1 | 3750 |
| HDFCBANK | 1706.6 | 1720 |
| HDFCLIFE | 622.4 | 620 |
| HEROMOTOCO | 3529.15 | 3650 |
| HFCL | 77.55 | 82.5 |
| HINDALCO | 677.35 | 660 |
| HINDCOPPER | 215.8 | 225 |
| HINDPETRO | 323.7 | 325 |
| HINDUNILVR | 2174.8 | 2220 |
| HUDCO | 180.76 | 180 |
| ICICIBANK | 1250.05 | 1250 |
| ICICIGI | 1678.75 | 1680 |
| ICICIPRULI | 536.6 | 550 |
| IDEA | 6.95 | 8 |
| IDFCFIRSTB | 53.48 | 57 |
| IEX | 153.56 | 160 |
| IGL | 184.88 | 190 |
| IIFL | 313.25 | 310 |
| INDHOTEL | 750.45 | 750 |
| INDIANB | 490.4 | 500 |
| INDIGO | 4700.85 | 4600 |
| INDUSINDBK | 672.35 | 750 |
| INDUSTOWER | 327 | 330 |
| INFY | 1579.85 | 1600 |
| IOC | 125.67 | 125 |
| IRB | 42.8 | 45 |
| IRCTC | 689.05 | 700 |
| IREDA | 139.85 | 140 |
| IRFC | 117.69 | 117.5 |
| ITC | 412.05 | 410 |
| JINDALSTEL | 889.7 | 900 |
| JIOFIN | 222.6 | 220 |
| JKCEMENT | 4271.3 | 4400 |
| JSL | 632.3 | 640 |
| JSWENERGY | 514.1 | 500 |
| JSWSTEEL | 1001.2 | 1000 |
| JUBLFOOD | 596.35 | 610 |
| KALYANKJIL | 430.9 | 420 |
| KEI | 3053.95 | 3000 |
| KOTAKBANK | 1985.1 | 1960 |
| KPITTECH | 1206.45 | 1260 |
| LAURUSLABS | 574.05 | 560 |
| LICHSGFIN | 515.6 | 520 |
| LICI | 740.15 | 760 |
| LODHA | 1055.25 | 1100 |
| LT | 3187.3 | 3250 |
| LTF | 138.64 | 140 |
| LTIM | 4467.05 | 4700 |
| LTTS | 4378.2 | 4500 |
| LUPIN | 1968.45 | 1980 |
| M&M | 2643.5 | 2700 |
| M&MFIN | 271.35 | 275 |
| MANAPPURAM | 208.14 | 200 |
| MARICO | 606.3 | 610 |
| MARUTI | 11513.8 | 11700 |
| MAXHEALTH | 990.7 | 1000 |
| MCX | 4808.45 | 4900 |
| MFSL | 1052.55 | 1040 |
| MGL | 1285.95 | 1300 |
| MOTHERSON | 121.76 | 125 |
| MPHASIS | 2205.15 | 2250 |
| MRF | 105041.6 | 105000 |
| MUTHOOTFIN | 2196.35 | 2180 |
| NATIONALUM | 187.87 | 190 |
| NAUKRI | 6382.55 | 6700 |
| NBCC | 77.89 | 80 |
| NCC | 185.86 | 185 |
| NESTLEIND | 2191.95 | 2220 |
| NHPC | 77.57 | 77 |
| NMDC | 63.8 | 65 |
| NTPC | 331.9 | 325 |
| NYKAA | 164.56 | 165 |
| OBEROIRLTY | 1533.5 | 1560 |
| OFSS | 7328 | 7500 |
| OIL | 375.5 | 370 |
| ONGC | 225.43 | 227.5 |
| PAGEIND | 40099.25 | 40000 |
| PATANJALI | 1718.6 | 1700 |
| PAYTM | 682.85 | 700 |
| PEL | 885.95 | 920 |
| PERSISTENT | 5125.75 | 5200 |
| PETRONET | 281 | 290 |
| PFC | 388.35 | 390 |
| PHOENIXLTD | 1564.5 | 1600 |
| PIDILITIND | 2729.9 | 2740 |
| PIIND | 3297.3 | 3200 |
| PNB | 87.2 | 90 |
| POLICYBZR | 1331.9 | 1400 |
| POLYCAB | 5003.1 | 5000 |
| POONAWALLA | 281.35 | 280 |
| POWERGRID | 267.65 | 265 |
| PRESTIGE | 1129.6 | 1150 |
| RAMCOCEM | 801.55 | 820 |
| RBLBANK | 156.32 | 160 |
| RECLTD | 406.65 | 400 |
| RELIANCE | 1247.9 | 1240 |
| SAIL | 105.89 | 110 |
| SBICARD | 829.85 | 840 |
| SBILIFE | 1385.55 | 1420 |
| SBIN | 727.85 | 730 |
| SHREECEM | 27495.15 | 27750 |
| SHRIRAMFIN | 619.55 | 620 |
| SIEMENS | 4927.9 | 5000 |
| SJVN | 85.42 | 85 |
| SOLARINDS | 10097.15 | 9800 |
| SONACOMS | 485.8 | 500 |
| SRF | 2951.8 | 2860 |
| SUNPHARMA | 1683.45 | 1640 |
| SUPREMEIND | 3343.75 | 3400 |
| SYNGENE | 666.2 | 680 |
| TATACHEM | 796.1 | 820 |
| TATACOMM | 1503.95 | 1460 |
| TATACONSUM | 946.1 | 960 |
| TATAELXSI | 5236.75 | 5400 |
| TATAMOTORS | 655.5 | 650 |
| TATAPOWER | 350.75 | 360 |
| TATASTEEL | 150.88 | 150 |
| TATATECH | 636.8 | 650 |
| TCS | 3511.05 | 3600 |
| TECHM | 1440.65 | 1480 |
| TIINDIA | 2926.55 | 2800 |
| TITAGARH | 694.3 | 700 |
| TITAN | 3010.15 | 3100 |
| TORNTPHARM | 3056.05 | 3000 |
| TORNTPOWER | 1291.2 | 1340 |
| TRENT | 5022.4 | 5000 |
| TVSMOTOR | 2250.9 | 2300 |
| ULTRACEMCO | 10452.1 | 10400 |
| UNIONBANK | 113.7 | 115 |
| UNITDSPR | 1353.7 | 1300 |
| UPL | 601.45 | 620 |
| USDINR | 87.09 | 77.25 |
| VBL | 488.15 | 480 |
| VEDL | 442.95 | 440 |
| VOLTAS | 1402.55 | 1380 |
| WIPRO | 264 | 270 |
| YESBANK | 16.19 | 17 |
| ZOMATO | 201.43 | 210 |
| ZYDUSLIFE | 883.1 | 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.
