AXISBANK
AXIS BANK LIMITED
Max pain for AXISBANK
29 Nov 2023 04:15 PM IST
Max Pain for AXISBANK is 1000
Strike 800 has a total call value of 0 versus a total put value of 157,953,125,000 Combined total value = 157,953,125,000
Strike 810 has a total call value of 16,875,000 versus a total put value of 149,725,625,000 Combined total value = 149,742,500,000
Strike 820 has a total call value of 33,750,000 versus a total put value of 141,498,125,000 Combined total value = 141,531,875,000
Strike 830 has a total call value of 50,625,000 versus a total put value of 133,270,625,000 Combined total value = 133,321,250,000
Strike 840 has a total call value of 67,500,000 versus a total put value of 125,043,125,000 Combined total value = 125,110,625,000
Strike 850 has a total call value of 84,375,000 versus a total put value of 116,825,625,000 Combined total value = 116,910,000,000
Strike 860 has a total call value of 101,250,000 versus a total put value of 108,608,125,000 Combined total value = 108,709,375,000
Strike 870 has a total call value of 118,125,000 versus a total put value of 100,415,000,000 Combined total value = 100,533,125,000
Strike 880 has a total call value of 135,000,000 versus a total put value of 92,221,875,000 Combined total value = 92,356,875,000
Strike 890 has a total call value of 151,875,000 versus a total put value of 84,028,750,000 Combined total value = 84,180,625,000
Strike 900 has a total call value of 168,750,000 versus a total put value of 75,835,625,000 Combined total value = 76,004,375,000
Strike 910 has a total call value of 225,625,000 versus a total put value of 67,932,500,000 Combined total value = 68,158,125,000
Strike 920 has a total call value of 295,000,000 versus a total put value of 60,075,625,000 Combined total value = 60,370,625,000
Strike 930 has a total call value of 364,375,000 versus a total put value of 52,356,250,000 Combined total value = 52,720,625,000
Strike 940 has a total call value of 433,750,000 versus a total put value of 44,850,625,000 Combined total value = 45,284,375,000
Strike 950 has a total call value of 548,750,000 versus a total put value of 37,817,500,000 Combined total value = 38,366,250,000
Strike 960 has a total call value of 786,250,000 versus a total put value of 31,481,875,000 Combined total value = 32,268,125,000
Strike 970 has a total call value of 1,106,250,000 versus a total put value of 25,396,875,000 Combined total value = 26,503,125,000
Strike 980 has a total call value of 1,553,125,000 versus a total put value of 19,741,875,000 Combined total value = 21,295,000,000
Strike 990 has a total call value of 2,162,500,000 versus a total put value of 14,569,375,000 Combined total value = 16,731,875,000
Strike 1000 has a total call value of 3,465,625,000 versus a total put value of 10,037,500,000 Combined total value = 13,503,125,000
Strike 1010 has a total call value of 7,281,250,000 versus a total put value of 7,014,375,000 Combined total value = 14,295,625,000
Strike 1020 has a total call value of 11,420,625,000 versus a total put value of 4,435,625,000 Combined total value = 15,856,250,000
Strike 1030 has a total call value of 15,958,125,000 versus a total put value of 2,676,875,000 Combined total value = 18,635,000,000
Strike 1040 has a total call value of 20,897,500,000 versus a total put value of 1,300,625,000 Combined total value = 22,198,125,000
Strike 1050 has a total call value of 27,088,750,000 versus a total put value of 633,125,000 Combined total value = 27,721,875,000
Strike 1060 has a total call value of 33,744,375,000 versus a total put value of 300,000,000 Combined total value = 34,044,375,000
Strike 1070 has a total call value of 41,081,875,000 versus a total put value of 135,000,000 Combined total value = 41,216,875,000
Strike 1080 has a total call value of 48,730,000,000 versus a total put value of 41,250,000 Combined total value = 48,771,250,000
Strike 1090 has a total call value of 56,705,625,000 versus a total put value of 20,625,000 Combined total value = 56,726,250,000
Strike 1100 has a total call value of 64,801,875,000 versus a total put value of 0 Combined total value = 64,801,875,000
Strike 1110 has a total call value of 73,500,000,000 versus a total put value of 0 Combined total value = 73,500,000,000
Strike 1120 has a total call value of 82,286,250,000 versus a total put value of 0 Combined total value = 82,286,250,000
Strike 1130 has a total call value of 91,184,375,000 versus a total put value of 0 Combined total value = 91,184,375,000
Strike 1140 has a total call value of 100,134,375,000 versus a total put value of 0 Combined total value = 100,134,375,000
Strike 1150 has a total call value of 109,105,625,000 versus a total put value of 0 Combined total value = 109,105,625,000
Strike 1160 has a total call value of 118,198,125,000 versus a total put value of 0 Combined total value = 118,198,125,000
Strike 1170 has a total call value of 127,321,875,000 versus a total put value of 0 Combined total value = 127,321,875,000
Strike 1180 has a total call value of 136,445,625,000 versus a total put value of 0 Combined total value = 136,445,625,000
Strike 1190 has a total call value of 145,569,375,000 versus a total put value of 0 Combined total value = 145,569,375,000
Strike 1200 has a total call value of 154,693,125,000 versus a total put value of 0 Combined total value = 154,693,125,000
Max Pain - Choose a symbol
Index
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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.