AXISBANK
Axis Bank Limited
Max pain for AXISBANK
20 Dec 2024 04:13 PM IST
Max Pain for AXISBANK is 1120
Strike 960 has a total call value of 0 versus a total put value of 159,378,125,000 Combined total value = 159,378,125,000
Strike 970 has a total call value of 0 versus a total put value of 148,983,125,000 Combined total value = 148,983,125,000
Strike 980 has a total call value of 0 versus a total put value of 138,588,125,000 Combined total value = 138,588,125,000
Strike 990 has a total call value of 0 versus a total put value of 128,193,125,000 Combined total value = 128,193,125,000
Strike 1000 has a total call value of 0 versus a total put value of 117,798,125,000 Combined total value = 117,798,125,000
Strike 1010 has a total call value of 14,375,000 versus a total put value of 108,041,250,000 Combined total value = 108,055,625,000
Strike 1020 has a total call value of 28,750,000 versus a total put value of 98,326,250,000 Combined total value = 98,355,000,000
Strike 1030 has a total call value of 63,750,000 versus a total put value of 88,992,500,000 Combined total value = 89,056,250,000
Strike 1040 has a total call value of 98,750,000 versus a total put value of 80,028,750,000 Combined total value = 80,127,500,000
Strike 1050 has a total call value of 148,750,000 versus a total put value of 71,430,000,000 Combined total value = 71,578,750,000
Strike 1060 has a total call value of 271,875,000 versus a total put value of 63,291,250,000 Combined total value = 63,563,125,000
Strike 1070 has a total call value of 479,375,000 versus a total put value of 55,434,375,000 Combined total value = 55,913,750,000
Strike 1080 has a total call value of 934,375,000 versus a total put value of 47,990,625,000 Combined total value = 48,925,000,000
Strike 1090 has a total call value of 2,202,500,000 versus a total put value of 41,056,875,000 Combined total value = 43,259,375,000
Strike 1100 has a total call value of 4,269,375,000 versus a total put value of 34,445,000,000 Combined total value = 38,714,375,000
Strike 1110 has a total call value of 8,036,875,000 versus a total put value of 28,807,500,000 Combined total value = 36,844,375,000
Strike 1120 has a total call value of 12,831,875,000 versus a total put value of 23,473,125,000 Combined total value = 36,305,000,000
Strike 1130 has a total call value of 18,745,000,000 versus a total put value of 18,803,750,000 Combined total value = 37,548,750,000
Strike 1140 has a total call value of 25,916,250,000 versus a total put value of 14,527,500,000 Combined total value = 40,443,750,000
Strike 1150 has a total call value of 35,091,250,000 versus a total put value of 10,931,250,000 Combined total value = 46,022,500,000
Strike 1160 has a total call value of 46,467,500,000 versus a total put value of 8,258,750,000 Combined total value = 54,726,250,000
Strike 1170 has a total call value of 60,423,750,000 versus a total put value of 6,187,500,000 Combined total value = 66,611,250,000
Strike 1180 has a total call value of 75,797,500,000 versus a total put value of 4,499,375,000 Combined total value = 80,296,875,000
Strike 1190 has a total call value of 92,843,750,000 versus a total put value of 3,037,500,000 Combined total value = 95,881,250,000
Strike 1200 has a total call value of 111,440,000,000 versus a total put value of 1,767,500,000 Combined total value = 113,207,500,000
Strike 1210 has a total call value of 134,370,625,000 versus a total put value of 1,356,250,000 Combined total value = 135,726,875,000
Strike 1220 has a total call value of 157,727,500,000 versus a total put value of 1,058,125,000 Combined total value = 158,785,625,000
Strike 1230 has a total call value of 181,801,875,000 versus a total put value of 838,750,000 Combined total value = 182,640,625,000
Strike 1240 has a total call value of 206,118,750,000 versus a total put value of 619,375,000 Combined total value = 206,738,125,000
Strike 1250 has a total call value of 230,691,250,000 versus a total put value of 409,375,000 Combined total value = 231,100,625,000
Strike 1260 has a total call value of 255,977,500,000 versus a total put value of 323,750,000 Combined total value = 256,301,250,000
Strike 1270 has a total call value of 281,393,750,000 versus a total put value of 238,125,000 Combined total value = 281,631,875,000
Strike 1280 has a total call value of 307,095,625,000 versus a total put value of 152,500,000 Combined total value = 307,248,125,000
Strike 1290 has a total call value of 333,175,000,000 versus a total put value of 76,250,000 Combined total value = 333,251,250,000
Strike 1300 has a total call value of 359,286,875,000 versus a total put value of 0 Combined total value = 359,286,875,000
Strike 1310 has a total call value of 385,907,500,000 versus a total put value of 0 Combined total value = 385,907,500,000
Strike 1320 has a total call value of 412,528,125,000 versus a total put value of 0 Combined total value = 412,528,125,000
Strike 1330 has a total call value of 439,285,000,000 versus a total put value of 0 Combined total value = 439,285,000,000
Strike 1340 has a total call value of 466,041,875,000 versus a total put value of 0 Combined total value = 466,041,875,000
Strike 1350 has a total call value of 492,799,375,000 versus a total put value of 0 Combined total value = 492,799,375,000
Strike 1360 has a total call value of 519,556,875,000 versus a total put value of 0 Combined total value = 519,556,875,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 403.85 | 450 |
| ABB | 6921.25 | 7300 |
| ABBOTINDIA | 28655.35 | 28000 |
| ABCAPITAL | 186.21 | 200 |
| ABFRL | 282.2 | 300 |
| ACC | 2063.65 | 2260 |
| ADANIENSOL | 767.55 | 800 |
| ADANIENT | 2344.95 | 2500 |
| ADANIGREEN | 1034.35 | 1120 |
| ADANIPORTS | 1182.45 | 1240 |
| ALKEM | 5427.5 | 5500 |
| AMBUJACEM | 548.8 | 560 |
| ANGELONE | 2881.7 | 3100 |
| APLAPOLLO | 1559 | 1600 |
| APOLLOHOSP | 7251.7 | 7200 |
| APOLLOTYRE | 531.95 | 530 |
| ASHOKLEY | 217.28 | 225 |
| ASIANPAINT | 2282.35 | 2400 |
| ASTRAL | 1734.6 | 1820 |
| ATGL | 674.35 | 720 |
| ATUL | 7023.15 | 7300 |
| AUBANK | 537.6 | 570 |
| AUROPHARMA | 1241.7 | 1240 |
| AXISBANK | 1071.85 | 1120 |
| BAJAJ-AUTO | 8787.25 | 9000 |
| BAJAJFINSV | 1569.65 | 1640 |
| BAJFINANCE | 6848.25 | 7000 |
| BALKRISIND | 2790.05 | 2800 |
| BANDHANBNK | 159.05 | 170 |
| BANKBARODA | 240.59 | 250 |
| BANKINDIA | 103.03 | 110 |
| BATAINDIA | 1342.25 | 1400 |
| BEL | 290.85 | 310 |
| BERGEPAINT | 444.8 | 465 |
| BHARATFORG | 1278.9 | 1340 |
| BHARTIARTL | 1578.1 | 1600 |
| BHEL | 235.3 | 250 |
| BIOCON | 335.95 | 355 |
| BOSCHLTD | 34576.95 | 35000 |
| BPCL | 289.05 | 295 |
| BRITANNIA | 4698.1 | 4800 |
| BSE | 5542.85 | 5300 |
| BSOFT | 577 | 600 |
| CAMS | 4951 | 5100 |
| CANBK | 99.61 | 104 |
| CANFINHOME | 747.7 | 790 |
| CDSL | 1860.75 | 1860 |
| CESC | 182.74 | 190 |
| CGPOWER | 730.05 | 760 |
| CHAMBLFERT | 509.15 | 520 |
| CHOLAFIN | 1189.55 | 1260 |
| CIPLA | 1472.05 | 1480 |
| COALINDIA | 382 | 414.25 |
| COFORGE | 9370.45 | 9200 |
| COLPAL | 2750.85 | 2850 |
| CONCOR | 767.95 | 830 |
| COROMANDEL | 1839.3 | 1800 |
| CROMPTON | 388.25 | 405 |
| CUB | 175.42 | 180 |
| CUMMINSIND | 3312.9 | 3450 |
| CYIENT | 1924.4 | 2000 |
| DABUR | 502.55 | 510 |
| DALBHARAT | 1801.9 | 1880 |
| DEEPAKNTR | 2596.85 | 2700 |
| DELHIVERY | 349.6 | 365 |
| DIVISLAB | 5846.75 | 6000 |
| DIXON | 17944.9 | 18000 |
| DLF | 830.7 | 850 |
| DMART | 3408.3 | 3600 |
| DRREDDY | 1343.65 | 1300 |
| EICHERMOT | 4734.5 | 4800 |
| ESCORTS | 3162.05 | 3350 |
| EXIDEIND | 426.3 | 450 |
| FEDERALBNK | 194.46 | 205 |
| GAIL | 192.42 | 200 |
| GLENMARK | 1541.65 | 1520 |
| GMRAIRPORT | 78.82 | 85 |
| GMRINFRA | 0 | 36 |
| GNFC | 583.8 | 610 |
| GODREJCP | 1069.6 | 1120 |
| GODREJPROP | 2855.95 | 2900 |
| GRANULES | 592.4 | 580 |
| GRASIM | 2488.7 | 2620 |
| GUJGASLTD | 499.8 | 500 |
| HAL | 4190.2 | 4500 |
| HAVELLS | 1657.4 | 1720 |
| HCLTECH | 1911.35 | 1900 |
| HDFCAMC | 4262.8 | 4400 |
| HDFCBANK | 1771.5 | 1800 |
| HDFCLIFE | 623.8 | 640 |
| HEROMOTOCO | 4339.95 | 4600 |
| HFCL | 113.35 | 120 |
| HINDALCO | 622.65 | 650 |
| HINDCOPPER | 271.5 | 290 |
| HINDPETRO | 399.5 | 400 |
| HINDUNILVR | 2333.9 | 2400 |
| HUDCO | 242.11 | 245 |
| ICICIBANK | 1288.4 | 1300 |
| ICICIGI | 1902.15 | 1920 |
| ICICIPRULI | 653.9 | 670 |
| IDEA | 7.4 | 8 |
| IDFCFIRSTB | 61.68 | 65 |
| IEX | 177.45 | 182.5 |
| IGL | 388.3 | 370 |
| INDHOTEL | 854.1 | 850 |
| INDIAMART | 2249.95 | 2350 |
| INDIANB | 537.15 | 580 |
| INDIGO | 4395.6 | 4400 |
| INDUSINDBK | 929.45 | 980 |
| INDUSTOWER | 337.1 | 350 |
| INFY | 1922.15 | 1920 |
| IOC | 137.08 | 142.5 |
| IPCALAB | 1582.5 | 1560 |
| IRB | 55.09 | 57 |
| IRCTC | 784.25 | 830 |
| IRFC | 148.41 | 155 |
| ITC | 464.65 | 470 |
| JINDALSTEL | 908.05 | 940 |
| JIOFIN | 304.3 | 325 |
| JKCEMENT | 4517.8 | 4600 |
| JSL | 719.8 | 730 |
| JSWENERGY | 669.8 | 660 |
| JSWSTEEL | 917.35 | 950 |
| JUBLFOOD | 672.7 | 670 |
| KALYANKJIL | 719.2 | 740 |
| KEI | 4166.25 | 4400 |
| KOTAKBANK | 1743.55 | 1780 |
| KPITTECH | 1451.25 | 1500 |
| LALPATHLAB | 2946.25 | 3050 |
| LAURUSLABS | 559.2 | 570 |
| LICHSGFIN | 582.25 | 620 |
| LICI | 901.7 | 940 |
| LODHA | 1400.7 | 1440 |
| LT | 3629.85 | 3750 |
| LTF | 136.48 | 145 |
| LTIM | 5824.3 | 6150 |
| LTTS | 4828.5 | 5200 |
| LUPIN | 2150.7 | 2100 |
| M&M | 2906.35 | 3000 |
| M&MFIN | 266.05 | 275 |
| MANAPPURAM | 181.03 | 180 |
| MARICO | 627.95 | 630 |
| MARUTI | 10901.05 | 11100 |
| MAXHEALTH | 1165.2 | 1140 |
| MCX | 6397.4 | 6500 |
| METROPOLIS | 2058.05 | 2120 |
| MFSL | 1109.2 | 1140 |
| MGL | 1215.3 | 1260 |
| MOTHERSON | 156.06 | 165 |
| MPHASIS | 2950.6 | 3100 |
| MRF | 128057.9 | 130000 |
| MUTHOOTFIN | 2075.65 | 2060 |
| NATIONALUM | 215.36 | 232.5 |
| NAUKRI | 8494.95 | 8600 |
| NAVINFLUOR | 3305.85 | 3500 |
| NCC | 287.55 | 300 |
| NESTLEIND | 2163.5 | 2220 |
| NHPC | 81.47 | 85 |
| NMDC | 213.15 | 230 |
| NTPC | 333.25 | 350 |
| NYKAA | 167.33 | 170 |
| OBEROIRLTY | 2247.8 | 2200 |
| OFSS | 12247.55 | 12500 |
| OIL | 421.8 | 450 |
| ONGC | 237.1 | 250 |
| PAGEIND | 48856.35 | 48500 |
| PAYTM | 945.25 | 980 |
| PEL | 1093.7 | 1160 |
| PERSISTENT | 6368.7 | 6400 |
| PETRONET | 336.45 | 340 |
| PFC | 453.3 | 480 |
| PIDILITIND | 2976.8 | 3080 |
| PIIND | 3813.75 | 4000 |
| PNB | 100.77 | 105 |
| POLICYBZR | 2092.15 | 2000 |
| POLYCAB | 7178.25 | 7300 |
| POONAWALLA | 318.85 | 340 |
| POWERGRID | 315.8 | 325 |
| PRESTIGE | 1794.5 | 1800 |
| PVRINOX | 1382.1 | 1520 |
| RAMCOCEM | 986.1 | 1010 |
| RBLBANK | 152.79 | 160 |
| RECLTD | 513.25 | 530 |
| RELIANCE | 1205.3 | 1280 |
| SAIL | 116.1 | 125 |
| SBICARD | 687 | 710 |
| SBILIFE | 1400.6 | 1420 |
| SBIN | 812 | 840 |
| SHREECEM | 27063.5 | 27000 |
| SHRIRAMFIN | 2877.25 | 3000 |
| SIEMENS | 6868.9 | 7300 |
| SJVN | 111.54 | 117.5 |
| SONACOMS | 588.45 | 620 |
| SRF | 2277.6 | 2300 |
| SUNPHARMA | 1808.85 | 1800 |
| SUNTV | 696.85 | 730 |
| SUPREMEIND | 4839.8 | 4900 |
| SYNGENE | 844 | 860 |
| TATACHEM | 1028.85 | 1080 |
| TATACOMM | 1710.45 | 1800 |
| TATACONSUM | 889.45 | 930 |
| TATAELXSI | 6921.6 | 7200 |
| TATAMOTORS | 724.05 | 770 |
| TATAPOWER | 401.1 | 420 |
| TATASTEEL | 140.68 | 147.5 |
| TCS | 4170.3 | 4300 |
| TECHM | 1686.05 | 1740 |
| TIINDIA | 3619.1 | 3700 |
| TITAN | 3356.25 | 3400 |
| TORNTPHARM | 3437 | 3400 |
| TRENT | 6831.55 | 6900 |
| TVSMOTOR | 2391.65 | 2500 |
| UBL | 2025.35 | 2000 |
| ULTRACEMCO | 11422.8 | 11500 |
| UNIONBANK | 116.78 | 125 |
| UNITDSPR | 1544.8 | 1540 |
| UPL | 504.5 | 537.2 |
| VBL | 612.55 | 630 |
| VEDL | 477.25 | 490 |
| VOLTAS | 1686.5 | 1740 |
| WIPRO | 305.2 | 302.5 |
| YESBANK | 19.83 | 21 |
| ZOMATO | 282.1 | 285 |
| ZYDUSLIFE | 973.5 | 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.
