INDUSINDBK
Indusind Bank Limited
Max pain for INDUSINDBK
21 Nov 2024 04:11 PM IST
Max Pain for INDUSINDBK is 1040
Strike 840 has a total call value of 0 versus a total put value of 199,728,000,000 Combined total value = 199,728,000,000
Strike 860 has a total call value of 0 versus a total put value of 181,581,000,000 Combined total value = 181,581,000,000
Strike 880 has a total call value of 0 versus a total put value of 163,693,000,000 Combined total value = 163,693,000,000
Strike 900 has a total call value of 16,000,000 versus a total put value of 145,937,000,000 Combined total value = 145,953,000,000
Strike 920 has a total call value of 79,000,000 versus a total put value of 130,089,000,000 Combined total value = 130,168,000,000
Strike 940 has a total call value of 180,000,000 versus a total put value of 115,091,000,000 Combined total value = 115,271,000,000
Strike 960 has a total call value of 390,000,000 versus a total put value of 100,954,000,000 Combined total value = 101,344,000,000
Strike 980 has a total call value of 946,000,000 versus a total put value of 88,118,000,000 Combined total value = 89,064,000,000
Strike 1000 has a total call value of 2,934,000,000 versus a total put value of 76,553,000,000 Combined total value = 79,487,000,000
Strike 1020 has a total call value of 7,381,000,000 versus a total put value of 67,113,000,000 Combined total value = 74,494,000,000
Strike 1040 has a total call value of 14,046,000,000 versus a total put value of 58,434,000,000 Combined total value = 72,480,000,000
Strike 1060 has a total call value of 23,245,000,000 versus a total put value of 50,506,000,000 Combined total value = 73,751,000,000
Strike 1080 has a total call value of 35,446,000,000 versus a total put value of 43,784,000,000 Combined total value = 79,230,000,000
Strike 1100 has a total call value of 51,573,000,000 versus a total put value of 38,172,000,000 Combined total value = 89,745,000,000
Strike 1120 has a total call value of 73,337,000,000 versus a total put value of 33,981,000,000 Combined total value = 107,318,000,000
Strike 1140 has a total call value of 98,064,000,000 versus a total put value of 30,012,000,000 Combined total value = 128,076,000,000
Strike 1160 has a total call value of 125,030,000,000 versus a total put value of 26,170,000,000 Combined total value = 151,200,000,000
Strike 1180 has a total call value of 153,869,000,000 versus a total put value of 22,611,000,000 Combined total value = 176,480,000,000
Strike 1200 has a total call value of 183,779,000,000 versus a total put value of 19,139,000,000 Combined total value = 202,918,000,000
Strike 1220 has a total call value of 218,737,000,000 versus a total put value of 16,216,000,000 Combined total value = 234,953,000,000
Strike 1240 has a total call value of 254,243,000,000 versus a total put value of 13,323,000,000 Combined total value = 267,566,000,000
Strike 1260 has a total call value of 290,260,000,000 versus a total put value of 10,580,000,000 Combined total value = 300,840,000,000
Strike 1280 has a total call value of 326,686,000,000 versus a total put value of 7,837,000,000 Combined total value = 334,523,000,000
Strike 1300 has a total call value of 363,553,000,000 versus a total put value of 5,491,000,000 Combined total value = 369,044,000,000
Strike 1320 has a total call value of 403,944,000,000 versus a total put value of 4,273,000,000 Combined total value = 408,217,000,000
Strike 1340 has a total call value of 444,806,000,000 versus a total put value of 3,273,000,000 Combined total value = 448,079,000,000
Strike 1360 has a total call value of 485,890,000,000 versus a total put value of 2,273,000,000 Combined total value = 488,163,000,000
Strike 1380 has a total call value of 527,194,000,000 versus a total put value of 1,273,000,000 Combined total value = 528,467,000,000
Strike 1400 has a total call value of 568,594,000,000 versus a total put value of 273,000,000 Combined total value = 568,867,000,000
Strike 1420 has a total call value of 610,904,000,000 versus a total put value of 238,000,000 Combined total value = 611,142,000,000
Strike 1440 has a total call value of 653,214,000,000 versus a total put value of 203,000,000 Combined total value = 653,417,000,000
Strike 1460 has a total call value of 695,587,000,000 versus a total put value of 168,000,000 Combined total value = 695,755,000,000
Strike 1480 has a total call value of 738,025,000,000 versus a total put value of 144,000,000 Combined total value = 738,169,000,000
Strike 1500 has a total call value of 780,463,000,000 versus a total put value of 120,000,000 Combined total value = 780,583,000,000
Strike 1520 has a total call value of 823,180,000,000 versus a total put value of 96,000,000 Combined total value = 823,276,000,000
Strike 1540 has a total call value of 865,897,000,000 versus a total put value of 72,000,000 Combined total value = 865,969,000,000
Strike 1560 has a total call value of 908,614,000,000 versus a total put value of 48,000,000 Combined total value = 908,662,000,000
Strike 1580 has a total call value of 951,331,000,000 versus a total put value of 24,000,000 Combined total value = 951,355,000,000
Strike 1600 has a total call value of 994,048,000,000 versus a total put value of 0 Combined total value = 994,048,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 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.
