INDUSINDBK
Indusind Bank Limited
Max pain for INDUSINDBK
25 Apr 2025 04:11 PM IST
Max Pain for INDUSINDBK is 820
Strike 540 has a total call value of 0 versus a total put value of 213,847,500,000 Combined total value = 213,847,500,000
Strike 550 has a total call value of 0 versus a total put value of 204,727,500,000 Combined total value = 204,727,500,000
Strike 560 has a total call value of 0 versus a total put value of 195,638,500,000 Combined total value = 195,638,500,000
Strike 570 has a total call value of 0 versus a total put value of 186,555,500,000 Combined total value = 186,555,500,000
Strike 580 has a total call value of 0 versus a total put value of 177,472,500,000 Combined total value = 177,472,500,000
Strike 590 has a total call value of 0 versus a total put value of 168,393,500,000 Combined total value = 168,393,500,000
Strike 600 has a total call value of 0 versus a total put value of 159,324,000,000 Combined total value = 159,324,000,000
Strike 610 has a total call value of 11,000,000 versus a total put value of 150,726,500,000 Combined total value = 150,737,500,000
Strike 620 has a total call value of 22,000,000 versus a total put value of 142,135,000,000 Combined total value = 142,157,000,000
Strike 630 has a total call value of 33,000,000 versus a total put value of 133,580,500,000 Combined total value = 133,613,500,000
Strike 640 has a total call value of 44,000,000 versus a total put value of 125,070,000,000 Combined total value = 125,114,000,000
Strike 650 has a total call value of 55,000,000 versus a total put value of 116,606,000,000 Combined total value = 116,661,000,000
Strike 660 has a total call value of 90,500,000 versus a total put value of 108,550,000,000 Combined total value = 108,640,500,000
Strike 670 has a total call value of 126,000,000 versus a total put value of 100,539,500,000 Combined total value = 100,665,500,000
Strike 680 has a total call value of 161,500,000 versus a total put value of 92,568,500,000 Combined total value = 92,730,000,000
Strike 690 has a total call value of 197,000,000 versus a total put value of 84,751,000,000 Combined total value = 84,948,000,000
Strike 700 has a total call value of 242,000,000 versus a total put value of 76,972,500,000 Combined total value = 77,214,500,000
Strike 710 has a total call value of 519,000,000 versus a total put value of 70,203,000,000 Combined total value = 70,722,000,000
Strike 720 has a total call value of 796,500,000 versus a total put value of 63,518,500,000 Combined total value = 64,315,000,000
Strike 730 has a total call value of 1,119,000,000 versus a total put value of 56,998,500,000 Combined total value = 58,117,500,000
Strike 740 has a total call value of 1,441,500,000 versus a total put value of 50,622,000,000 Combined total value = 52,063,500,000
Strike 750 has a total call value of 1,819,000,000 versus a total put value of 44,465,000,000 Combined total value = 46,284,000,000
Strike 760 has a total call value of 2,421,000,000 versus a total put value of 38,869,000,000 Combined total value = 41,290,000,000
Strike 770 has a total call value of 3,153,000,000 versus a total put value of 33,562,000,000 Combined total value = 36,715,000,000
Strike 780 has a total call value of 3,945,500,000 versus a total put value of 28,456,500,000 Combined total value = 32,402,000,000
Strike 790 has a total call value of 4,966,000,000 versus a total put value of 23,684,500,000 Combined total value = 28,650,500,000
Strike 800 has a total call value of 6,096,500,000 versus a total put value of 19,166,500,000 Combined total value = 25,263,000,000
Strike 810 has a total call value of 8,535,500,000 versus a total put value of 16,036,000,000 Combined total value = 24,571,500,000
Strike 820 has a total call value of 11,245,000,000 versus a total put value of 13,156,500,000 Combined total value = 24,401,500,000
Strike 830 has a total call value of 14,566,000,000 versus a total put value of 10,906,500,000 Combined total value = 25,472,500,000
Strike 840 has a total call value of 18,791,500,000 versus a total put value of 9,039,000,000 Combined total value = 27,830,500,000
Strike 850 has a total call value of 23,853,500,000 versus a total put value of 7,732,500,000 Combined total value = 31,586,000,000
Strike 860 has a total call value of 30,045,500,000 versus a total put value of 6,982,500,000 Combined total value = 37,028,000,000
Strike 870 has a total call value of 36,580,000,000 versus a total put value of 6,281,000,000 Combined total value = 42,861,000,000
Strike 880 has a total call value of 43,562,000,000 versus a total put value of 5,579,500,000 Combined total value = 49,141,500,000
Strike 890 has a total call value of 51,041,500,000 versus a total put value of 4,933,000,000 Combined total value = 55,974,500,000
Strike 900 has a total call value of 58,639,500,000 versus a total put value of 4,319,000,000 Combined total value = 62,958,500,000
Strike 910 has a total call value of 67,547,500,000 versus a total put value of 3,885,500,000 Combined total value = 71,433,000,000
Strike 920 has a total call value of 76,543,000,000 versus a total put value of 3,452,000,000 Combined total value = 79,995,000,000
Strike 930 has a total call value of 85,786,000,000 versus a total put value of 3,020,500,000 Combined total value = 88,806,500,000
Strike 940 has a total call value of 95,099,000,000 versus a total put value of 2,589,000,000 Combined total value = 97,688,000,000
Strike 950 has a total call value of 104,620,500,000 versus a total put value of 2,157,500,000 Combined total value = 106,778,000,000
Strike 960 has a total call value of 114,771,000,000 versus a total put value of 1,726,000,000 Combined total value = 116,497,000,000
Strike 970 has a total call value of 124,921,500,000 versus a total put value of 1,294,500,000 Combined total value = 126,216,000,000
Strike 980 has a total call value of 135,072,000,000 versus a total put value of 863,000,000 Combined total value = 135,935,000,000
Strike 990 has a total call value of 145,222,500,000 versus a total put value of 431,500,000 Combined total value = 145,654,000,000
Strike 1000 has a total call value of 155,373,000,000 versus a total put value of 0 Combined total value = 155,373,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 428.95 | 435 |
| ABB | 5499 | 5600 |
| ABCAPITAL | 195.94 | 205 |
| ABFRL | 264.15 | 270 |
| ACC | 1938 | 2040 |
| ADANIENSOL | 914.35 | 920 |
| ADANIENT | 2354.3 | 2520 |
| ADANIGREEN | 912.55 | 960 |
| ADANIPORTS | 1193 | 1240 |
| ALKEM | 5033.5 | 5100 |
| AMBUJACEM | 548.7 | 580 |
| ANGELONE | 2328.4 | 2400 |
| APLAPOLLO | 1616.9 | 1600 |
| APOLLOHOSP | 6953 | 7100 |
| APOLLOTYRE | 461.4 | 465 |
| ASHOKLEY | 225.04 | 225 |
| ASIANPAINT | 2431.6 | 2460 |
| ASTRAL | 1343.6 | 1380 |
| ATGL | 600 | 630 |
| AUBANK | 675.15 | 650 |
| AUROPHARMA | 1220.1 | 1220 |
| AXISBANK | 1166.3 | 1190 |
| BAJAJ-AUTO | 8034 | 8300 |
| BAJAJFINSV | 2045.5 | 2060 |
| BAJFINANCE | 9112 | 9200 |
| BALKRISIND | 2518.2 | 2560 |
| BANDHANBNK | 165.45 | 170 |
| BANKBARODA | 246.79 | 250 |
| BANKINDIA | 115.29 | 117 |
| BEL | 297.6 | 300 |
| BHARATFORG | 1088.5 | 1100 |
| BHARTIARTL | 1817.2 | 1840 |
| BHEL | 222.37 | 230 |
| BIOCON | 311.85 | 330 |
| BOSCHLTD | 27995 | 28000 |
| BPCL | 295.7 | 300 |
| BRITANNIA | 5420.5 | 5450 |
| BSE | 6303.5 | 6200 |
| BSOFT | 386.05 | 400 |
| CAMS | 3938.1 | 4000 |
| CANBK | 96.53 | 100 |
| CDSL | 1330.9 | 1300 |
| CESC | 153.96 | 160 |
| CGPOWER | 633.1 | 650 |
| CHAMBLFERT | 676.85 | 680 |
| CHOLAFIN | 1543.5 | 1540 |
| CIPLA | 1525.9 | 1540 |
| COALINDIA | 393.15 | 405 |
| COFORGE | 7390 | 7200 |
| COLPAL | 2671.4 | 2640 |
| CONCOR | 678.75 | 710 |
| CROMPTON | 334.85 | 340 |
| CUMMINSIND | 2861.1 | 2950 |
| CYIENT | 1170.8 | 1180 |
| DABUR | 484.6 | 490 |
| DALBHARAT | 1965.9 | 1920 |
| DEEPAKNTR | 1961.3 | 2000 |
| DELHIVERY | 304.9 | 300 |
| DIVISLAB | 6012.5 | 6100 |
| DIXON | 16219 | 16000 |
| DLF | 653.55 | 680 |
| DMART | 4375.2 | 4400 |
| DRREDDY | 1174.8 | 1180 |
| EICHERMOT | 5575.5 | 5700 |
| ESCORTS | 3333.7 | 3400 |
| ETERNAL | 228.81 | 230 |
| EXIDEIND | 370.5 | 385 |
| FEDERALBNK | 196.49 | 200 |
| GAIL | 186.74 | 195 |
| GLENMARK | 1360.7 | 1400 |
| GMRAIRPORT | 85.5 | 87 |
| GODREJCP | 1266.5 | 1240 |
| GODREJPROP | 2085.3 | 2100 |
| GRANULES | 452.55 | 480 |
| GRASIM | 2734.8 | 2700 |
| HAL | 4196.4 | 4300 |
| HAVELLS | 1599.8 | 1600 |
| HCLTECH | 1578.2 | 1560 |
| HDFCAMC | 4382.5 | 4400 |
| HDFCBANK | 1911.2 | 1920 |
| HDFCLIFE | 704.55 | 710 |
| HEROMOTOCO | 3895.5 | 3900 |
| HFCL | 81.15 | 85 |
| HINDALCO | 622.1 | 630 |
| HINDCOPPER | 213.48 | 230 |
| HINDPETRO | 380.7 | 390 |
| HINDUNILVR | 2332.2 | 2360 |
| HINDZINC | 445 | 450 |
| HUDCO | 220.24 | 225 |
| ICICIBANK | 1404.8 | 1410 |
| ICICIGI | 1854.1 | 1860 |
| ICICIPRULI | 595.8 | 600 |
| IDEA | 7.47 | 8 |
| IDFCFIRSTB | 66.08 | 66 |
| IEX | 190.5 | 192.5 |
| IGL | 178.2 | 180 |
| IIFL | 366.2 | 370 |
| INDHOTEL | 786.35 | 800 |
| INDIANB | 569.2 | 580 |
| INDIGO | 5313.5 | 5300 |
| INDUSINDBK | 822.35 | 820 |
| INDUSTOWER | 397.35 | 400 |
| INFY | 1480.2 | 1480 |
| INOXWIND | 172.14 | 170 |
| IOC | 134.65 | 139 |
| IRB | 46.91 | 48 |
| IRCTC | 751.85 | 780 |
| IREDA | 167.55 | 160 |
| IRFC | 128.8 | 130 |
| ITC | 427.8 | 430 |
| JINDALSTEL | 891.8 | 900 |
| JIOFIN | 253.05 | 255 |
| JSL | 559.4 | 580 |
| JSWENERGY | 482.7 | 500 |
| JSWSTEEL | 1028.4 | 1040 |
| JUBLFOOD | 694.3 | 700 |
| KALYANKJIL | 501.25 | 520 |
| KEI | 2967.1 | 3000 |
| KOTAKBANK | 2204.4 | 2200 |
| KPITTECH | 1221 | 1200 |
| LAURUSLABS | 625.65 | 640 |
| LICHSGFIN | 592.2 | 600 |
| LICI | 791.2 | 810 |
| LODHA | 1305.1 | 1300 |
| LT | 3272.1 | 3320 |
| LTF | 172.99 | 167.5 |
| LTIM | 4498.3 | 4500 |
| LUPIN | 2019.6 | 2060 |
| M&M | 2864.2 | 2900 |
| M&MFIN | 264.6 | 270 |
| MANAPPURAM | 226.93 | 230 |
| MARICO | 710.4 | 710 |
| MARUTI | 11698 | 11800 |
| MAXHEALTH | 1067.4 | 1100 |
| MCX | 6052.5 | 5800 |
| MFSL | 1266.4 | 1240 |
| MGL | 1279.6 | 1300 |
| MOTHERSON | 133.71 | 137.5 |
| MPHASIS | 2538.6 | 2500 |
| MRF | 128655 | 128000 |
| MUTHOOTFIN | 2093.2 | 2160 |
| NATIONALUM | 156.5 | 170 |
| NAUKRI | 7038.5 | 7100 |
| NBCC | 95.49 | 100 |
| NCC | 211.77 | 220 |
| NESTLEIND | 2413.5 | 2420 |
| NHPC | 86.07 | 88 |
| NMDC | 64.95 | 69 |
| NTPC | 356.45 | 365 |
| NYKAA | 191.57 | 190 |
| OBEROIRLTY | 1606.2 | 1640 |
| OFSS | 8604 | 8600 |
| OIL | 399.35 | 400 |
| ONGC | 246.33 | 250 |
| PAGEIND | 44605 | 45000 |
| PATANJALI | 1967 | 2000 |
| PAYTM | 875.65 | 880 |
| PEL | 981.2 | 1000 |
| PERSISTENT | 5273.5 | 5200 |
| PETRONET | 309.4 | 315 |
| PFC | 415.05 | 440 |
| PHOENIXLTD | 1629 | 1700 |
| PIDILITIND | 3011.2 | 3000 |
| PIIND | 3583.9 | 3650 |
| PNB | 99.29 | 103 |
| PNBHOUSING | 971.7 | 1000 |
| POLICYBZR | 1594.2 | 1640 |
| POLYCAB | 5507 | 5500 |
| POONAWALLA | 380.4 | 390 |
| POWERGRID | 306.5 | 315 |
| PRESTIGE | 1261.8 | 1300 |
| RAMCOCEM | 968.65 | 1000 |
| RBLBANK | 188.09 | 190 |
| RECLTD | 422.2 | 440 |
| RELIANCE | 1300.4 | 1300 |
| SAIL | 114.81 | 120 |
| SBICARD | 867.55 | 880 |
| SBILIFE | 1695.1 | 1680 |
| SBIN | 798.65 | 810 |
| SHREECEM | 30540 | 31000 |
| SHRIRAMFIN | 655.2 | 680 |
| SIEMENS | 2833.5 | 2900 |
| SJVN | 96.64 | 100 |
| SOLARINDS | 12757 | 13000 |
| SONACOMS | 453.65 | 460 |
| SRF | 2968.1 | 3000 |
| SUNPHARMA | 1787.4 | 1760 |
| SUPREMEIND | 3477.8 | 3500 |
| SYNGENE | 630.1 | 660 |
| TATACHEM | 826.45 | 880 |
| TATACOMM | 1569.6 | 1600 |
| TATACONSUM | 1155.7 | 1130 |
| TATAELXSI | 5612.5 | 5500 |
| TATAMOTORS | 655.25 | 670 |
| TATAPOWER | 387.6 | 400 |
| TATASTEEL | 138.85 | 142.5 |
| TATATECH | 693.2 | 680 |
| TCS | 3448 | 3400 |
| TECHM | 1462 | 1420 |
| TIINDIA | 2573.9 | 2600 |
| TITAGARH | 778.55 | 800 |
| TITAN | 3365.2 | 3360 |
| TORNTPHARM | 3238.9 | 3300 |
| TORNTPOWER | 1538.6 | 1600 |
| TRENT | 5145 | 5300 |
| TVSMOTOR | 2737.9 | 2700 |
| ULTRACEMCO | 12237 | 12000 |
| UNIONBANK | 124.94 | 130 |
| UNITDSPR | 1547.4 | 1520 |
| UPL | 661.85 | 670 |
| VBL | 521.95 | 530 |
| VEDL | 413.3 | 430 |
| VOLTAS | 1229.4 | 1300 |
| WIPRO | 240.9 | 242.5 |
| YESBANK | 17.77 | 18 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 859.65 | 870 |
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.
