INDUSINDBK
Indusind Bank Limited
Max pain for INDUSINDBK
27 Dec 2024 04:11 PM IST
Max Pain for INDUSINDBK is 980
Strike 720 has a total call value of 0 versus a total put value of 198,346,500,000 Combined total value = 198,346,500,000
Strike 730 has a total call value of 0 versus a total put value of 190,574,500,000 Combined total value = 190,574,500,000
Strike 740 has a total call value of 0 versus a total put value of 182,802,500,000 Combined total value = 182,802,500,000
Strike 750 has a total call value of 0 versus a total put value of 175,030,500,000 Combined total value = 175,030,500,000
Strike 760 has a total call value of 0 versus a total put value of 167,258,500,000 Combined total value = 167,258,500,000
Strike 770 has a total call value of 0 versus a total put value of 159,622,500,000 Combined total value = 159,622,500,000
Strike 780 has a total call value of 0 versus a total put value of 151,986,500,000 Combined total value = 151,986,500,000
Strike 790 has a total call value of 0 versus a total put value of 144,350,500,000 Combined total value = 144,350,500,000
Strike 800 has a total call value of 0 versus a total put value of 136,714,500,000 Combined total value = 136,714,500,000
Strike 810 has a total call value of 6,500,000 versus a total put value of 129,583,500,000 Combined total value = 129,590,000,000
Strike 820 has a total call value of 13,000,000 versus a total put value of 122,452,500,000 Combined total value = 122,465,500,000
Strike 830 has a total call value of 20,500,000 versus a total put value of 115,412,000,000 Combined total value = 115,432,500,000
Strike 840 has a total call value of 28,000,000 versus a total put value of 108,389,000,000 Combined total value = 108,417,000,000
Strike 850 has a total call value of 74,500,000 versus a total put value of 101,506,000,000 Combined total value = 101,580,500,000
Strike 860 has a total call value of 122,500,000 versus a total put value of 94,634,000,000 Combined total value = 94,756,500,000
Strike 870 has a total call value of 242,500,000 versus a total put value of 88,034,500,000 Combined total value = 88,277,000,000
Strike 880 has a total call value of 362,500,000 versus a total put value of 81,474,000,000 Combined total value = 81,836,500,000
Strike 890 has a total call value of 545,000,000 versus a total put value of 75,205,000,000 Combined total value = 75,750,000,000
Strike 900 has a total call value of 730,000,000 versus a total put value of 68,965,500,000 Combined total value = 69,695,500,000
Strike 910 has a total call value of 1,162,000,000 versus a total put value of 63,525,000,000 Combined total value = 64,687,000,000
Strike 920 has a total call value of 1,610,000,000 versus a total put value of 58,136,500,000 Combined total value = 59,746,500,000
Strike 930 has a total call value of 2,201,000,000 versus a total put value of 53,148,500,000 Combined total value = 55,349,500,000
Strike 940 has a total call value of 2,824,000,000 versus a total put value of 48,198,000,000 Combined total value = 51,022,000,000
Strike 950 has a total call value of 3,983,000,000 versus a total put value of 43,983,500,000 Combined total value = 47,966,500,000
Strike 960 has a total call value of 5,347,000,000 versus a total put value of 39,905,500,000 Combined total value = 45,252,500,000
Strike 970 has a total call value of 7,871,500,000 versus a total put value of 36,588,000,000 Combined total value = 44,459,500,000
Strike 980 has a total call value of 10,696,000,000 versus a total put value of 33,503,500,000 Combined total value = 44,199,500,000
Strike 990 has a total call value of 14,501,500,000 versus a total put value of 30,847,000,000 Combined total value = 45,348,500,000
Strike 1000 has a total call value of 18,451,000,000 versus a total put value of 28,223,500,000 Combined total value = 46,674,500,000
Strike 1010 has a total call value of 24,533,000,000 versus a total put value of 26,538,500,000 Combined total value = 51,071,500,000
Strike 1020 has a total call value of 30,684,500,000 versus a total put value of 24,880,000,000 Combined total value = 55,564,500,000
Strike 1030 has a total call value of 37,375,000,000 versus a total put value of 23,332,500,000 Combined total value = 60,707,500,000
Strike 1040 has a total call value of 44,182,500,000 versus a total put value of 21,787,000,000 Combined total value = 65,969,500,000
Strike 1050 has a total call value of 51,483,000,000 versus a total put value of 20,341,500,000 Combined total value = 71,824,500,000
Strike 1060 has a total call value of 58,783,500,000 versus a total put value of 18,896,000,000 Combined total value = 77,679,500,000
Strike 1070 has a total call value of 66,504,500,000 versus a total put value of 17,535,000,000 Combined total value = 84,039,500,000
Strike 1080 has a total call value of 74,225,500,000 versus a total put value of 16,174,000,000 Combined total value = 90,399,500,000
Strike 1090 has a total call value of 82,137,500,000 versus a total put value of 14,821,000,000 Combined total value = 96,958,500,000
Strike 1100 has a total call value of 90,049,500,000 versus a total put value of 13,468,000,000 Combined total value = 103,517,500,000
Strike 1110 has a total call value of 99,630,500,000 versus a total put value of 12,563,000,000 Combined total value = 112,193,500,000
Strike 1120 has a total call value of 109,211,500,000 versus a total put value of 11,658,000,000 Combined total value = 120,869,500,000
Strike 1130 has a total call value of 118,980,500,000 versus a total put value of 10,765,000,000 Combined total value = 129,745,500,000
Strike 1140 has a total call value of 128,749,500,000 versus a total put value of 9,872,000,000 Combined total value = 138,621,500,000
Strike 1150 has a total call value of 138,669,000,000 versus a total put value of 8,982,000,000 Combined total value = 147,651,000,000
Strike 1160 has a total call value of 148,588,500,000 versus a total put value of 8,092,000,000 Combined total value = 156,680,500,000
Strike 1170 has a total call value of 158,790,000,000 versus a total put value of 7,202,000,000 Combined total value = 165,992,000,000
Strike 1180 has a total call value of 168,991,500,000 versus a total put value of 6,312,000,000 Combined total value = 175,303,500,000
Strike 1190 has a total call value of 179,193,000,000 versus a total put value of 5,422,000,000 Combined total value = 184,615,000,000
Strike 1200 has a total call value of 189,394,500,000 versus a total put value of 4,532,000,000 Combined total value = 193,926,500,000
Strike 1210 has a total call value of 199,938,500,000 versus a total put value of 3,965,500,000 Combined total value = 203,904,000,000
Strike 1220 has a total call value of 210,482,500,000 versus a total put value of 3,399,000,000 Combined total value = 213,881,500,000
Strike 1230 has a total call value of 221,026,500,000 versus a total put value of 2,832,500,000 Combined total value = 223,859,000,000
Strike 1240 has a total call value of 231,570,500,000 versus a total put value of 2,266,000,000 Combined total value = 233,836,500,000
Strike 1260 has a total call value of 252,658,500,000 versus a total put value of 1,133,000,000 Combined total value = 253,791,500,000
Strike 1280 has a total call value of 273,746,500,000 versus a total put value of 0 Combined total value = 273,746,500,000
Strike 1300 has a total call value of 295,575,500,000 versus a total put value of 0 Combined total value = 295,575,500,000
Strike 1320 has a total call value of 317,404,500,000 versus a total put value of 0 Combined total value = 317,404,500,000
Strike 1340 has a total call value of 339,233,500,000 versus a total put value of 0 Combined total value = 339,233,500,000
Strike 1360 has a total call value of 361,062,500,000 versus a total put value of 0 Combined total value = 361,062,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 411.25 | 430 |
| ABB | 6846.9 | 7000 |
| ABBOTINDIA | 29263.5 | 29000 |
| ABCAPITAL | 183.24 | 190 |
| ABFRL | 282 | 290 |
| ACC | 2065.6 | 2300 |
| ADANIENSOL | 805.95 | 800 |
| ADANIENT | 2409.95 | 2800 |
| ADANIGREEN | 1054 | 1080 |
| ADANIPORTS | 1230.7 | 1240 |
| ALKEM | 5482.7 | 5500 |
| AMBUJACEM | 547.95 | 570 |
| ANGELONE | 2884.75 | 2900 |
| APLAPOLLO | 1514.95 | 1500 |
| APOLLOHOSP | 7246.3 | 7300 |
| APOLLOTYRE | 540.7 | 540 |
| ASHOKLEY | 220.51 | 225 |
| ASIANPAINT | 2271.4 | 2320 |
| ASTRAL | 1654.1 | 1700 |
| ATGL | 679.3 | 690 |
| ATUL | 7065.1 | 7100 |
| AUBANK | 552.2 | 550 |
| AUROPHARMA | 1269.95 | 1280 |
| AXISBANK | 1077.45 | 1100 |
| BAJAJ-AUTO | 8928.3 | 9000 |
| BAJAJFINSV | 1579.3 | 1600 |
| BAJFINANCE | 6907.75 | 7000 |
| BALKRISIND | 2863.5 | 2850 |
| BANDHANBNK | 160.79 | 167.5 |
| BANKBARODA | 244.99 | 255 |
| BANKINDIA | 102.8 | 105 |
| BATAINDIA | 1381.3 | 1380 |
| BEL | 292.05 | 300 |
| BERGEPAINT | 442.3 | 450 |
| BHARATFORG | 1314.85 | 1340 |
| BHARTIARTL | 1599.85 | 1620 |
| BHEL | 235.4 | 250 |
| BIOCON | 352.55 | 350 |
| BOSCHLTD | 34089.65 | 35000 |
| BPCL | 293.55 | 300 |
| BRITANNIA | 4769.3 | 4800 |
| BSE | 5278.5 | 5400 |
| BSOFT | 576.05 | 580 |
| CAMS | 5041.75 | 5000 |
| CANBK | 100.36 | 104 |
| CANFINHOME | 750.55 | 760 |
| CDSL | 1777.55 | 1800 |
| CESC | 184.59 | 185 |
| CGPOWER | 748.25 | 740 |
| CHAMBLFERT | 499.6 | 500 |
| CHOLAFIN | 1193.85 | 1200 |
| CIPLA | 1506.6 | 1500 |
| COALINDIA | 380.5 | 400 |
| COFORGE | 9451.1 | 9400 |
| COLPAL | 2726.45 | 2800 |
| CONCOR | 784.15 | 800 |
| COROMANDEL | 1846.15 | 1860 |
| CROMPTON | 396.35 | 400 |
| CUB | 172.65 | 175 |
| CUMMINSIND | 3297.65 | 3350 |
| CYIENT | 1930.8 | 1900 |
| DABUR | 507.15 | 510 |
| DALBHARAT | 1740.4 | 1800 |
| DEEPAKNTR | 2579.75 | 2650 |
| DELHIVERY | 350.75 | 350 |
| DIVISLAB | 5881.05 | 5900 |
| DIXON | 17972.3 | 18000 |
| DLF | 834.85 | 840 |
| DMART | 3568.35 | 3550 |
| DRREDDY | 1389.45 | 1370 |
| EICHERMOT | 4876.9 | 4900 |
| ESCORTS | 3258.4 | 3250 |
| EXIDEIND | 418.4 | 430 |
| FEDERALBNK | 196.73 | 200 |
| GAIL | 192.5 | 200 |
| GLENMARK | 1585.95 | 1580 |
| GMRAIRPORT | 79.05 | 82 |
| GMRINFRA | 0 | 32 |
| GNFC | 571.55 | 600 |
| GODREJCP | 1067.8 | 1080 |
| GODREJPROP | 2830.7 | 2900 |
| GRANULES | 585.85 | 590 |
| GRASIM | 2480.3 | 2540 |
| GUJGASLTD | 502.8 | 510 |
| HAL | 4233.35 | 4300 |
| HAVELLS | 1649.9 | 1680 |
| HCLTECH | 1892 | 1900 |
| HDFCAMC | 4263.1 | 4300 |
| HDFCBANK | 1798.25 | 1800 |
| HDFCLIFE | 621.9 | 630 |
| HEROMOTOCO | 4237.95 | 4300 |
| HFCL | 112.99 | 115 |
| HINDALCO | 617.4 | 640 |
| HINDCOPPER | 256.5 | 270 |
| HINDPETRO | 410.7 | 415 |
| HINDUNILVR | 2341.25 | 2380 |
| HUDCO | 226.94 | 235 |
| ICICIBANK | 1307.55 | 1310 |
| ICICIGI | 1832.45 | 1900 |
| ICICIPRULI | 656.15 | 670 |
| IDEA | 7.47 | 8 |
| IDFCFIRSTB | 62.52 | 64 |
| IEX | 180.62 | 185 |
| IGL | 390.1 | 390 |
| INDHOTEL | 860.6 | 860 |
| INDIAMART | 2256.35 | 2300 |
| INDIANB | 547.2 | 550 |
| INDIGO | 4681.95 | 4650 |
| INDUSINDBK | 953.4 | 980 |
| INDUSTOWER | 329.55 | 350 |
| INFY | 1916.75 | 1940 |
| IOC | 136.25 | 140 |
| IPCALAB | 1632.65 | 1600 |
| IRB | 55.23 | 55 |
| IRCTC | 779.25 | 800 |
| IRFC | 146.22 | 147.5 |
| ITC | 478.6 | 480 |
| JINDALSTEL | 923.55 | 950 |
| JIOFIN | 304.95 | 310 |
| JKCEMENT | 4572.45 | 4500 |
| JSL | 736 | 740 |
| JSWENERGY | 625.8 | 650 |
| JSWSTEEL | 913.3 | 940 |
| JUBLFOOD | 708.1 | 710 |
| KALYANKJIL | 721.65 | 720 |
| KEI | 4343.45 | 4300 |
| KOTAKBANK | 1759.9 | 1800 |
| KPITTECH | 1460.6 | 1460 |
| LALPATHLAB | 2948.7 | 3000 |
| LAURUSLABS | 586.7 | 580 |
| LICHSGFIN | 596.6 | 600 |
| LICI | 887 | 910 |
| LODHA | 1408.35 | 1400 |
| LT | 3608.1 | 3700 |
| LTF | 137.97 | 140 |
| LTIM | 5678 | 5800 |
| LTTS | 4692.3 | 4750 |
| LUPIN | 2227.8 | 2200 |
| M&M | 3049.45 | 3000 |
| M&MFIN | 267 | 270 |
| MANAPPURAM | 183.62 | 180 |
| MARICO | 632.6 | 640 |
| MARUTI | 10941.05 | 11000 |
| MAXHEALTH | 1126.4 | 1140 |
| MCX | 6341.2 | 6400 |
| METROPOLIS | 2058.15 | 2080 |
| MFSL | 1106.1 | 1100 |
| MGL | 1238.3 | 1260 |
| MOTHERSON | 157.02 | 160 |
| MPHASIS | 2883.95 | 2950 |
| MRF | 131553.8 | 130000 |
| MUTHOOTFIN | 2069.6 | 2100 |
| NATIONALUM | 213.59 | 220 |
| NAUKRI | 8637.45 | 8700 |
| NAVINFLUOR | 3312.65 | 3400 |
| NCC | 279.15 | 295 |
| NESTLEIND | 2165.6 | 2200 |
| NHPC | 80.33 | 85 |
| NMDC | 69.32 | 75 |
| NTPC | 335 | 345 |
| NYKAA | 159.66 | 160 |
| OBEROIRLTY | 2315.8 | 2300 |
| OFSS | 12646.6 | 12500 |
| OIL | 425.15 | 440 |
| ONGC | 236.9 | 245 |
| PAGEIND | 46933.55 | 47000 |
| PAYTM | 1014.25 | 1000 |
| PEL | 1107 | 1120 |
| PERSISTENT | 6393.6 | 6300 |
| PETRONET | 340.65 | 340 |
| PFC | 452.05 | 470 |
| PIDILITIND | 2914.4 | 3000 |
| PIIND | 3744.25 | 3750 |
| PNB | 101.44 | 105 |
| POLICYBZR | 2052.75 | 2050 |
| POLYCAB | 7149.25 | 7200 |
| POONAWALLA | 320.65 | 320 |
| POWERGRID | 309.4 | 315 |
| PRESTIGE | 1752.5 | 1750 |
| PVRINOX | 1338.65 | 1360 |
| RAMCOCEM | 965.75 | 980 |
| RBLBANK | 159.86 | 160 |
| RECLTD | 507.45 | 520 |
| RELIANCE | 1221.05 | 1260 |
| SAIL | 115.53 | 122.5 |
| SBICARD | 675.3 | 700 |
| SBILIFE | 1405.3 | 1420 |
| SBIN | 799.65 | 820 |
| SHREECEM | 26049 | 26000 |
| SHRIRAMFIN | 2898.9 | 3000 |
| SIEMENS | 6546 | 6700 |
| SJVN | 107.46 | 110 |
| SONACOMS | 600.35 | 600 |
| SRF | 2264.45 | 2300 |
| SUNPHARMA | 1861.25 | 1840 |
| SUNTV | 686.45 | 700 |
| SUPREMEIND | 4777.35 | 4700 |
| SYNGENE | 850.35 | 850 |
| TATACHEM | 1046.35 | 1080 |
| TATACOMM | 1713.6 | 1760 |
| TATACONSUM | 907.95 | 910 |
| TATAELXSI | 6886.35 | 7000 |
| TATAMOTORS | 750.5 | 760 |
| TATAPOWER | 399 | 415 |
| TATASTEEL | 138.91 | 145 |
| TCS | 4164.85 | 4250 |
| TECHM | 1711.65 | 1720 |
| TIINDIA | 3589.5 | 3600 |
| TITAN | 3309.2 | 3400 |
| TORNTPHARM | 3405.1 | 3400 |
| TRENT | 7118.3 | 7100 |
| TVSMOTOR | 2420.45 | 2450 |
| UBL | 2030.15 | 2000 |
| ULTRACEMCO | 11406.55 | 11500 |
| UNIONBANK | 117.87 | 120 |
| UNITDSPR | 1579.4 | 1560 |
| UPL | 502.05 | 510 |
| VBL | 624.3 | 630 |
| VEDL | 451.1 | 480 |
| VOLTAS | 1705.3 | 1720 |
| WIPRO | 309.1 | 302.5 |
| YESBANK | 19.82 | 20 |
| ZOMATO | 271.25 | 255 |
| ZYDUSLIFE | 972.4 | 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.
