INDUSINDBK
Indusind Bank Limited
Max pain for INDUSINDBK
12 Nov 2024 04:11 PM IST
Max Pain for INDUSINDBK is 1080
Strike 860 has a total call value of 0 versus a total put value of 248,648,000,000 Combined total value = 248,648,000,000
Strike 880 has a total call value of 0 versus a total put value of 227,022,000,000 Combined total value = 227,022,000,000
Strike 900 has a total call value of 0 versus a total put value of 205,396,000,000 Combined total value = 205,396,000,000
Strike 920 has a total call value of 0 versus a total put value of 185,147,000,000 Combined total value = 185,147,000,000
Strike 940 has a total call value of 0 versus a total put value of 165,379,000,000 Combined total value = 165,379,000,000
Strike 960 has a total call value of 72,000,000 versus a total put value of 146,126,000,000 Combined total value = 146,198,000,000
Strike 980 has a total call value of 217,000,000 versus a total put value of 127,704,000,000 Combined total value = 127,921,000,000
Strike 1000 has a total call value of 451,000,000 versus a total put value of 109,889,000,000 Combined total value = 110,340,000,000
Strike 1020 has a total call value of 1,455,000,000 versus a total put value of 96,022,000,000 Combined total value = 97,477,000,000
Strike 1040 has a total call value of 2,716,000,000 versus a total put value of 83,052,000,000 Combined total value = 85,768,000,000
Strike 1060 has a total call value of 5,053,000,000 versus a total put value of 71,198,000,000 Combined total value = 76,251,000,000
Strike 1080 has a total call value of 10,309,000,000 versus a total put value of 61,684,000,000 Combined total value = 71,993,000,000
Strike 1100 has a total call value of 19,667,000,000 versus a total put value of 53,859,000,000 Combined total value = 73,526,000,000
Strike 1120 has a total call value of 36,019,000,000 versus a total put value of 48,274,000,000 Combined total value = 84,293,000,000
Strike 1140 has a total call value of 56,063,000,000 versus a total put value of 43,088,000,000 Combined total value = 99,151,000,000
Strike 1160 has a total call value of 79,344,000,000 versus a total put value of 38,060,000,000 Combined total value = 117,404,000,000
Strike 1180 has a total call value of 105,075,000,000 versus a total put value of 33,318,000,000 Combined total value = 138,393,000,000
Strike 1200 has a total call value of 132,536,000,000 versus a total put value of 28,672,000,000 Combined total value = 161,208,000,000
Strike 1220 has a total call value of 167,200,000,000 versus a total put value of 24,754,000,000 Combined total value = 191,954,000,000
Strike 1240 has a total call value of 202,591,000,000 versus a total put value of 20,872,000,000 Combined total value = 223,463,000,000
Strike 1260 has a total call value of 238,684,000,000 versus a total put value of 17,159,000,000 Combined total value = 255,843,000,000
Strike 1280 has a total call value of 275,433,000,000 versus a total put value of 13,446,000,000 Combined total value = 288,879,000,000
Strike 1300 has a total call value of 312,737,000,000 versus a total put value of 10,142,000,000 Combined total value = 322,879,000,000
Strike 1320 has a total call value of 354,500,000,000 versus a total put value of 8,359,000,000 Combined total value = 362,859,000,000
Strike 1340 has a total call value of 396,807,000,000 versus a total put value of 6,798,000,000 Combined total value = 403,605,000,000
Strike 1360 has a total call value of 439,418,000,000 versus a total put value of 5,237,000,000 Combined total value = 444,655,000,000
Strike 1380 has a total call value of 482,366,000,000 versus a total put value of 3,676,000,000 Combined total value = 486,042,000,000
Strike 1400 has a total call value of 525,435,000,000 versus a total put value of 2,115,000,000 Combined total value = 527,550,000,000
Strike 1420 has a total call value of 569,633,000,000 versus a total put value of 1,716,000,000 Combined total value = 571,349,000,000
Strike 1440 has a total call value of 613,916,000,000 versus a total put value of 1,317,000,000 Combined total value = 615,233,000,000
Strike 1460 has a total call value of 658,264,000,000 versus a total put value of 918,000,000 Combined total value = 659,182,000,000
Strike 1480 has a total call value of 702,679,000,000 versus a total put value of 519,000,000 Combined total value = 703,198,000,000
Strike 1500 has a total call value of 747,094,000,000 versus a total put value of 120,000,000 Combined total value = 747,214,000,000
Strike 1520 has a total call value of 791,885,000,000 versus a total put value of 96,000,000 Combined total value = 791,981,000,000
Strike 1540 has a total call value of 836,676,000,000 versus a total put value of 72,000,000 Combined total value = 836,748,000,000
Strike 1560 has a total call value of 881,467,000,000 versus a total put value of 48,000,000 Combined total value = 881,515,000,000
Strike 1580 has a total call value of 926,258,000,000 versus a total put value of 24,000,000 Combined total value = 926,282,000,000
Strike 1600 has a total call value of 971,049,000,000 versus a total put value of 0 Combined total value = 971,049,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
