AXISBANK
AXIS BANK LIMITED
Max pain for AXISBANK
26 Jul 2024 04:13 PM IST
Max Pain for AXISBANK is 1190
Strike 1000 has a total call value of 0 versus a total put value of 150,872,500,000 Combined total value = 150,872,500,000
Strike 1010 has a total call value of 10,625,000 versus a total put value of 141,385,625,000 Combined total value = 141,396,250,000
Strike 1020 has a total call value of 21,250,000 versus a total put value of 131,899,375,000 Combined total value = 131,920,625,000
Strike 1030 has a total call value of 31,875,000 versus a total put value of 122,418,750,000 Combined total value = 122,450,625,000
Strike 1040 has a total call value of 42,500,000 versus a total put value of 112,939,375,000 Combined total value = 112,981,875,000
Strike 1050 has a total call value of 53,125,000 versus a total put value of 103,460,000,000 Combined total value = 103,513,125,000
Strike 1060 has a total call value of 63,750,000 versus a total put value of 94,390,625,000 Combined total value = 94,454,375,000
Strike 1070 has a total call value of 74,375,000 versus a total put value of 85,584,375,000 Combined total value = 85,658,750,000
Strike 1080 has a total call value of 85,000,000 versus a total put value of 76,855,000,000 Combined total value = 76,940,000,000
Strike 1090 has a total call value of 117,500,000 versus a total put value of 68,448,125,000 Combined total value = 68,565,625,000
Strike 1100 has a total call value of 150,000,000 versus a total put value of 60,208,750,000 Combined total value = 60,358,750,000
Strike 1110 has a total call value of 288,750,000 versus a total put value of 53,332,500,000 Combined total value = 53,621,250,000
Strike 1120 has a total call value of 443,125,000 versus a total put value of 46,575,000,000 Combined total value = 47,018,125,000
Strike 1130 has a total call value of 611,875,000 versus a total put value of 40,268,750,000 Combined total value = 40,880,625,000
Strike 1140 has a total call value of 797,500,000 versus a total put value of 34,258,125,000 Combined total value = 35,055,625,000
Strike 1150 has a total call value of 1,082,500,000 versus a total put value of 28,689,375,000 Combined total value = 29,771,875,000
Strike 1160 has a total call value of 1,820,625,000 versus a total put value of 24,068,125,000 Combined total value = 25,888,750,000
Strike 1170 has a total call value of 3,284,375,000 versus a total put value of 20,002,500,000 Combined total value = 23,286,875,000
Strike 1180 has a total call value of 5,466,250,000 versus a total put value of 16,382,500,000 Combined total value = 21,848,750,000
Strike 1190 has a total call value of 8,463,125,000 versus a total put value of 13,215,625,000 Combined total value = 21,678,750,000
Strike 1200 has a total call value of 11,853,750,000 versus a total put value of 10,224,375,000 Combined total value = 22,078,125,000
Strike 1210 has a total call value of 18,053,125,000 versus a total put value of 8,469,375,000 Combined total value = 26,522,500,000
Strike 1220 has a total call value of 24,606,875,000 versus a total put value of 6,898,750,000 Combined total value = 31,505,625,000
Strike 1230 has a total call value of 32,493,750,000 versus a total put value of 5,528,750,000 Combined total value = 38,022,500,000
Strike 1240 has a total call value of 40,955,000,000 versus a total put value of 4,290,000,000 Combined total value = 45,245,000,000
Strike 1250 has a total call value of 50,136,875,000 versus a total put value of 3,242,500,000 Combined total value = 53,379,375,000
Strike 1260 has a total call value of 61,140,625,000 versus a total put value of 2,526,875,000 Combined total value = 63,667,500,000
Strike 1270 has a total call value of 72,998,750,000 versus a total put value of 1,891,250,000 Combined total value = 74,890,000,000
Strike 1280 has a total call value of 85,479,375,000 versus a total put value of 1,319,375,000 Combined total value = 86,798,750,000
Strike 1290 has a total call value of 98,761,250,000 versus a total put value of 836,875,000 Combined total value = 99,598,125,000
Strike 1300 has a total call value of 112,451,250,000 versus a total put value of 435,000,000 Combined total value = 112,886,250,000
Strike 1310 has a total call value of 129,310,625,000 versus a total put value of 286,250,000 Combined total value = 129,596,875,000
Strike 1320 has a total call value of 146,410,000,000 versus a total put value of 143,125,000 Combined total value = 146,553,125,000
Strike 1330 has a total call value of 164,005,625,000 versus a total put value of 91,250,000 Combined total value = 164,096,875,000
Strike 1340 has a total call value of 181,791,875,000 versus a total put value of 39,375,000 Combined total value = 181,831,250,000
Strike 1350 has a total call value of 199,811,250,000 versus a total put value of 0 Combined total value = 199,811,250,000
Strike 1360 has a total call value of 218,494,375,000 versus a total put value of 0 Combined total value = 218,494,375,000
Strike 1370 has a total call value of 237,389,375,000 versus a total put value of 0 Combined total value = 237,389,375,000
Strike 1380 has a total call value of 256,366,875,000 versus a total put value of 0 Combined total value = 256,366,875,000
Strike 1390 has a total call value of 275,486,250,000 versus a total put value of 0 Combined total value = 275,486,250,000
Strike 1400 has a total call value of 294,672,500,000 versus a total put value of 0 Combined total value = 294,672,500,000
Strike 1410 has a total call value of 314,657,500,000 versus a total put value of 0 Combined total value = 314,657,500,000
Strike 1420 has a total call value of 334,642,500,000 versus a total put value of 0 Combined total value = 334,642,500,000
Strike 1430 has a total call value of 354,627,500,000 versus a total put value of 0 Combined total value = 354,627,500,000
Strike 1440 has a total call value of 374,612,500,000 versus a total put value of 0 Combined total value = 374,612,500,000
Strike 1450 has a total call value of 394,636,250,000 versus a total put value of 0 Combined total value = 394,636,250,000
Strike 1460 has a total call value of 414,660,000,000 versus a total put value of 0 Combined total value = 414,660,000,000
Strike 1470 has a total call value of 434,697,500,000 versus a total put value of 0 Combined total value = 434,697,500,000
Strike 1480 has a total call value of 454,735,000,000 versus a total put value of 0 Combined total value = 454,735,000,000
Strike 1490 has a total call value of 474,772,500,000 versus a total put value of 0 Combined total value = 474,772,500,000
Strike 1500 has a total call value of 494,810,000,000 versus a total put value of 0 Combined total value = 494,810,000,000
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.