INDUSINDBK
Indusind Bank Limited
Max pain for INDUSINDBK
21 May 2025 04:11 PM IST
Max Pain for INDUSINDBK is 800
Strike 480 has a total call value of 0 versus a total put value of 685,626,500,000 Combined total value = 685,626,500,000
Strike 490 has a total call value of 0 versus a total put value of 659,712,000,000 Combined total value = 659,712,000,000
Strike 500 has a total call value of 0 versus a total put value of 633,797,500,000 Combined total value = 633,797,500,000
Strike 510 has a total call value of 0 versus a total put value of 607,883,000,000 Combined total value = 607,883,000,000
Strike 520 has a total call value of 0 versus a total put value of 581,968,500,000 Combined total value = 581,968,500,000
Strike 530 has a total call value of 0 versus a total put value of 556,054,000,000 Combined total value = 556,054,000,000
Strike 540 has a total call value of 0 versus a total put value of 530,139,500,000 Combined total value = 530,139,500,000
Strike 550 has a total call value of 0 versus a total put value of 504,316,000,000 Combined total value = 504,316,000,000
Strike 560 has a total call value of 0 versus a total put value of 478,560,500,000 Combined total value = 478,560,500,000
Strike 570 has a total call value of 0 versus a total put value of 452,820,500,000 Combined total value = 452,820,500,000
Strike 580 has a total call value of 0 versus a total put value of 427,080,500,000 Combined total value = 427,080,500,000
Strike 590 has a total call value of 0 versus a total put value of 401,411,500,000 Combined total value = 401,411,500,000
Strike 600 has a total call value of 0 versus a total put value of 375,779,000,000 Combined total value = 375,779,000,000
Strike 610 has a total call value of 26,500,000 versus a total put value of 350,951,000,000 Combined total value = 350,977,500,000
Strike 620 has a total call value of 53,000,000 versus a total put value of 326,163,000,000 Combined total value = 326,216,000,000
Strike 630 has a total call value of 79,500,000 versus a total put value of 301,455,500,000 Combined total value = 301,535,000,000
Strike 640 has a total call value of 106,000,000 versus a total put value of 276,913,500,000 Combined total value = 277,019,500,000
Strike 650 has a total call value of 132,500,000 versus a total put value of 252,601,500,000 Combined total value = 252,734,000,000
Strike 660 has a total call value of 184,500,000 versus a total put value of 229,498,500,000 Combined total value = 229,683,000,000
Strike 670 has a total call value of 241,500,000 versus a total put value of 206,681,500,000 Combined total value = 206,923,000,000
Strike 680 has a total call value of 306,500,000 versus a total put value of 184,164,000,000 Combined total value = 184,470,500,000
Strike 690 has a total call value of 395,000,000 versus a total put value of 162,265,000,000 Combined total value = 162,660,000,000
Strike 700 has a total call value of 497,000,000 versus a total put value of 140,677,000,000 Combined total value = 141,174,000,000
Strike 710 has a total call value of 760,000,000 versus a total put value of 122,520,000,000 Combined total value = 123,280,000,000
Strike 720 has a total call value of 1,094,500,000 versus a total put value of 104,705,500,000 Combined total value = 105,800,000,000
Strike 730 has a total call value of 1,514,000,000 versus a total put value of 87,846,500,000 Combined total value = 89,360,500,000
Strike 740 has a total call value of 1,989,000,000 versus a total put value of 72,060,500,000 Combined total value = 74,049,500,000
Strike 750 has a total call value of 2,592,500,000 versus a total put value of 57,749,500,000 Combined total value = 60,342,000,000
Strike 760 has a total call value of 3,606,000,000 versus a total put value of 47,075,500,000 Combined total value = 50,681,500,000
Strike 770 has a total call value of 4,971,500,000 versus a total put value of 38,069,000,000 Combined total value = 43,040,500,000
Strike 780 has a total call value of 6,987,500,000 versus a total put value of 31,617,000,000 Combined total value = 38,604,500,000
Strike 790 has a total call value of 9,876,500,000 versus a total put value of 26,501,000,000 Combined total value = 36,377,500,000
Strike 800 has a total call value of 13,506,000,000 versus a total put value of 21,856,000,000 Combined total value = 35,362,000,000
Strike 810 has a total call value of 20,141,500,000 versus a total put value of 18,554,000,000 Combined total value = 38,695,500,000
Strike 820 has a total call value of 27,595,000,000 versus a total put value of 15,492,500,000 Combined total value = 43,087,500,000
Strike 830 has a total call value of 36,225,500,000 versus a total put value of 12,896,000,000 Combined total value = 49,121,500,000
Strike 840 has a total call value of 45,687,000,000 versus a total put value of 10,731,000,000 Combined total value = 56,418,000,000
Strike 850 has a total call value of 56,336,500,000 versus a total put value of 9,018,000,000 Combined total value = 65,354,500,000
Strike 860 has a total call value of 70,346,500,000 versus a total put value of 7,777,000,000 Combined total value = 78,123,500,000
Strike 870 has a total call value of 85,636,000,000 versus a total put value of 6,728,000,000 Combined total value = 92,364,000,000
Strike 880 has a total call value of 101,247,500,000 versus a total put value of 5,835,000,000 Combined total value = 107,082,500,000
Strike 890 has a total call value of 117,662,500,000 versus a total put value of 5,022,500,000 Combined total value = 122,685,000,000
Strike 900 has a total call value of 134,509,500,000 versus a total put value of 4,210,000,000 Combined total value = 138,719,500,000
Strike 910 has a total call value of 154,134,000,000 versus a total put value of 3,789,000,000 Combined total value = 157,923,000,000
Strike 920 has a total call value of 173,995,000,000 versus a total put value of 3,368,000,000 Combined total value = 177,363,000,000
Strike 930 has a total call value of 194,222,000,000 versus a total put value of 2,947,000,000 Combined total value = 197,169,000,000
Strike 940 has a total call value of 214,652,500,000 versus a total put value of 2,526,000,000 Combined total value = 217,178,500,000
Strike 950 has a total call value of 235,243,500,000 versus a total put value of 2,105,000,000 Combined total value = 237,348,500,000
Strike 960 has a total call value of 256,778,000,000 versus a total put value of 1,684,000,000 Combined total value = 258,462,000,000
Strike 970 has a total call value of 278,426,000,000 versus a total put value of 1,263,000,000 Combined total value = 279,689,000,000
Strike 980 has a total call value of 300,074,000,000 versus a total put value of 842,000,000 Combined total value = 300,916,000,000
Strike 990 has a total call value of 321,722,000,000 versus a total put value of 421,000,000 Combined total value = 322,143,000,000
Strike 1000 has a total call value of 343,370,000,000 versus a total put value of 0 Combined total value = 343,370,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 468.8 | 460 |
| ABB | 5886.5 | 5700 |
| ABCAPITAL | 221.46 | 210 |
| ABFRL | 268.95 | 275 |
| ACC | 1941.4 | 1920 |
| ADANIENSOL | 872.15 | 900 |
| ADANIENT | 2500.4 | 2500 |
| ADANIGREEN | 996.5 | 960 |
| ADANIPORTS | 1384.6 | 1340 |
| ALKEM | 5374 | 5300 |
| AMBUJACEM | 567.8 | 570 |
| ANGELONE | 2866.2 | 2650 |
| APLAPOLLO | 1814.4 | 1700 |
| APOLLOHOSP | 6984 | 6950 |
| APOLLOTYRE | 488.1 | 485 |
| ASHOKLEY | 244.61 | 232.5 |
| ASIANPAINT | 2312.4 | 2340 |
| ASTRAL | 1377.7 | 1380 |
| ATGL | 663.35 | 650 |
| AUBANK | 692.9 | 670 |
| AUROPHARMA | 1204.1 | 1220 |
| AXISBANK | 1197.8 | 1180 |
| BAJAJ-AUTO | 8687.5 | 8500 |
| BAJAJFINSV | 2037.3 | 2020 |
| BAJFINANCE | 9197.5 | 9100 |
| BALKRISIND | 2665.6 | 2700 |
| BANDHANBNK | 168.22 | 167.5 |
| BANKBARODA | 241.3 | 235 |
| BANKINDIA | 117.96 | 115 |
| BEL | 383 | 365 |
| BHARATFORG | 1229 | 1200 |
| BHARTIARTL | 1822.5 | 1820 |
| BHEL | 247.42 | 245 |
| BIOCON | 340.65 | 335 |
| BOSCHLTD | 31655 | 31000 |
| BPCL | 315.85 | 310 |
| BRITANNIA | 5493.5 | 5500 |
| BSE | 7305 | 7000 |
| BSOFT | 424 | 420 |
| CAMS | 3887.5 | 3850 |
| CANBK | 107.84 | 104 |
| CDSL | 1450.3 | 1400 |
| CESC | 171.92 | 165 |
| CGPOWER | 694 | 660 |
| CHAMBLFERT | 603.85 | 630 |
| CHOLAFIN | 1656 | 1600 |
| CIPLA | 1482.4 | 1500 |
| COALINDIA | 405.35 | 400 |
| COFORGE | 8266 | 7800 |
| COLPAL | 2659.3 | 2660 |
| CONCOR | 731.55 | 720 |
| CROMPTON | 349.05 | 345 |
| CUMMINSIND | 2980.9 | 2900 |
| CYIENT | 1304.6 | 1260 |
| DABUR | 481.75 | 480 |
| DALBHARAT | 2089.3 | 2000 |
| DEEPAKNTR | 2090.2 | 2060 |
| DELHIVERY | 348.1 | 340 |
| DIVISLAB | 6552 | 6400 |
| DIXON | 15612 | 16000 |
| DLF | 775.15 | 750 |
| DMART | 4112.7 | 4100 |
| DRREDDY | 1224.7 | 1200 |
| EICHERMOT | 5409 | 5500 |
| ESCORTS | 3514.4 | 3400 |
| ETERNAL | 229.97 | 230 |
| EXIDEIND | 384.8 | 380 |
| FEDERALBNK | 200.82 | 195 |
| GAIL | 190.64 | 190 |
| GLENMARK | 1440.1 | 1420 |
| GMRAIRPORT | 87.63 | 88 |
| GODREJCP | 1280 | 1270 |
| GODREJPROP | 2181 | 2200 |
| GRANULES | 517.9 | 500 |
| GRASIM | 2706.9 | 2720 |
| HAL | 5001.1 | 4850 |
| HAVELLS | 1577.2 | 1600 |
| HCLTECH | 1652 | 1600 |
| HDFCAMC | 4815.5 | 4650 |
| HDFCBANK | 1926.8 | 1920 |
| HDFCLIFE | 759.7 | 730 |
| HEROMOTOCO | 4263.8 | 4100 |
| HFCL | 85.13 | 85 |
| HINDALCO | 663 | 650 |
| HINDCOPPER | 229.47 | 230 |
| HINDPETRO | 404.9 | 400 |
| HINDUNILVR | 2363.9 | 2360 |
| HINDZINC | 442.05 | 440 |
| HUDCO | 229.34 | 225 |
| ICICIBANK | 1444.7 | 1440 |
| ICICIGI | 1878.1 | 1880 |
| ICICIPRULI | 618.15 | 610 |
| IDEA | 6.76 | 7 |
| IDFCFIRSTB | 66.67 | 67 |
| IEX | 199.18 | 197.5 |
| IGL | 207.56 | 200 |
| IIFL | 413.15 | 400 |
| INDHOTEL | 773.1 | 770 |
| INDIANB | 601.7 | 590 |
| INDIGO | 5461.5 | 5400 |
| INDUSINDBK | 769.95 | 800 |
| INDUSTOWER | 387.95 | 390 |
| INFY | 1568.5 | 1540 |
| INOXWIND | 185.76 | 180 |
| IOC | 143.39 | 144 |
| IRB | 51.35 | 50 |
| IRCTC | 790.2 | 790 |
| IREDA | 172.21 | 170 |
| IRFC | 138.08 | 135 |
| ITC | 433 | 430 |
| JINDALSTEL | 968.5 | 940 |
| JIOFIN | 274.35 | 265 |
| JSL | 643.4 | 640 |
| JSWENERGY | 504.8 | 490 |
| JSWSTEEL | 1000.9 | 1000 |
| JUBLFOOD | 674.4 | 680 |
| KALYANKJIL | 552.05 | 540 |
| KEI | 3431.4 | 3300 |
| KOTAKBANK | 2071.3 | 2100 |
| KPITTECH | 1331.6 | 1300 |
| LAURUSLABS | 597.05 | 600 |
| LICHSGFIN | 595.75 | 600 |
| LICI | 853.8 | 840 |
| LODHA | 1409 | 1360 |
| LT | 3589 | 3500 |
| LTF | 173.58 | 170 |
| LTIM | 5033.8 | 4900 |
| LUPIN | 1996 | 2020 |
| M&M | 3090.7 | 3050 |
| M&MFIN | 260.25 | 257.85 |
| MANAPPURAM | 228.06 | 230 |
| MARICO | 709.65 | 720 |
| MARUTI | 12615 | 12200 |
| MAXHEALTH | 1142.1 | 1160 |
| MCX | 6370.5 | 6200 |
| MFSL | 1396.7 | 1340 |
| MGL | 1382 | 1380 |
| MOTHERSON | 148.24 | 142.5 |
| MPHASIS | 2557.6 | 2540 |
| MRF | 142285 | 140000 |
| MUTHOOTFIN | 2089.6 | 2100 |
| NATIONALUM | 181.75 | 180 |
| NAUKRI | 1475.5 | 1440 |
| NBCC | 113.21 | 107 |
| NCC | 233.54 | 230 |
| NESTLEIND | 2392.6 | 2380 |
| NHPC | 87.62 | 86 |
| NMDC | 70.15 | 70 |
| NTPC | 346.15 | 345 |
| NYKAA | 200.48 | 200 |
| OBEROIRLTY | 1731.9 | 1680 |
| OFSS | 8383.5 | 8435 |
| OIL | 426.5 | 420 |
| ONGC | 248.68 | 240 |
| PAGEIND | 47620 | 47000 |
| PATANJALI | 1725 | 1780 |
| PAYTM | 843.1 | 860 |
| PEL | 1139 | 1100 |
| PERSISTENT | 5670 | 5600 |
| PETRONET | 321.75 | 320 |
| PFC | 412.7 | 420 |
| PHOENIXLTD | 1617.8 | 1600 |
| PIDILITIND | 2986.2 | 3020 |
| PIIND | 3709.9 | 3700 |
| PNB | 101.9 | 100 |
| PNBHOUSING | 1050.8 | 1060 |
| POLICYBZR | 1726.7 | 1700 |
| POLYCAB | 6055 | 5900 |
| POONAWALLA | 397.2 | 390 |
| POWERGRID | 296.15 | 302.5 |
| PRESTIGE | 1432.6 | 1400 |
| RAMCOCEM | 978.8 | 980 |
| RBLBANK | 207.84 | 210 |
| RECLTD | 400.2 | 410 |
| RELIANCE | 1429.2 | 1390 |
| SAIL | 124.88 | 120 |
| SBICARD | 903.15 | 900 |
| SBILIFE | 1763.9 | 1740 |
| SBIN | 787.1 | 790 |
| SHREECEM | 31490 | 31000 |
| SHRIRAMFIN | 658 | 640 |
| SIEMENS | 3290.8 | 3100 |
| SJVN | 101.05 | 100 |
| SOLARINDS | 14192 | 13750 |
| SONACOMS | 525.05 | 510 |
| SRF | 2951.3 | 3000 |
| SUNPHARMA | 1731.8 | 1700 |
| SUPREMEIND | 3826 | 3800 |
| SYNGENE | 639.35 | 640 |
| TATACHEM | 859.1 | 860 |
| TATACOMM | 1664.7 | 1600 |
| TATACONSUM | 1138.8 | 1130 |
| TATAELXSI | 6184.5 | 6000 |
| TATAMOTORS | 726.8 | 700 |
| TATAPOWER | 401.85 | 400 |
| TATASTEEL | 161.64 | 155 |
| TATATECH | 757.2 | 700 |
| TCS | 3525.8 | 3500 |
| TECHM | 1598.2 | 1540 |
| TIINDIA | 3002.7 | 3000 |
| TITAGARH | 904.5 | 860 |
| TITAN | 3580.5 | 3500 |
| TORNTPHARM | 3289 | 3300 |
| TORNTPOWER | 1398.7 | 1420 |
| TRENT | 5443.5 | 5500 |
| TVSMOTOR | 2767.3 | 2780 |
| ULTRACEMCO | 11666 | 11800 |
| UNIONBANK | 139.46 | 132.5 |
| UNITDSPR | 1557.4 | 1540 |
| UPL | 638.4 | 650 |
| VBL | 479.15 | 500 |
| VEDL | 437.75 | 440 |
| VOLTAS | 1268.6 | 1280 |
| WIPRO | 250.92 | 247.5 |
| YESBANK | 20.98 | 21 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 889.65 | 890 |
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.
