AXISBANK
Axis Bank Limited
Max pain for AXISBANK
18 Sep 2024 04:13 PM IST
Max Pain for AXISBANK is 1210
Strike 1000 has a total call value of 0 versus a total put value of 198,998,125,000 Combined total value = 198,998,125,000
Strike 1010 has a total call value of 5,625,000 versus a total put value of 188,052,500,000 Combined total value = 188,058,125,000
Strike 1020 has a total call value of 11,250,000 versus a total put value of 177,106,875,000 Combined total value = 177,118,125,000
Strike 1030 has a total call value of 16,875,000 versus a total put value of 166,170,625,000 Combined total value = 166,187,500,000
Strike 1040 has a total call value of 22,500,000 versus a total put value of 155,234,375,000 Combined total value = 155,256,875,000
Strike 1050 has a total call value of 28,125,000 versus a total put value of 144,358,750,000 Combined total value = 144,386,875,000
Strike 1060 has a total call value of 33,750,000 versus a total put value of 133,758,125,000 Combined total value = 133,791,875,000
Strike 1070 has a total call value of 39,375,000 versus a total put value of 123,306,250,000 Combined total value = 123,345,625,000
Strike 1080 has a total call value of 45,000,000 versus a total put value of 112,959,375,000 Combined total value = 113,004,375,000
Strike 1090 has a total call value of 50,625,000 versus a total put value of 102,715,625,000 Combined total value = 102,766,250,000
Strike 1100 has a total call value of 56,250,000 versus a total put value of 92,520,000,000 Combined total value = 92,576,250,000
Strike 1110 has a total call value of 209,375,000 versus a total put value of 82,852,500,000 Combined total value = 83,061,875,000
Strike 1120 has a total call value of 362,500,000 versus a total put value of 73,314,375,000 Combined total value = 73,676,875,000
Strike 1130 has a total call value of 555,000,000 versus a total put value of 63,990,000,000 Combined total value = 64,545,000,000
Strike 1140 has a total call value of 763,750,000 versus a total put value of 54,820,000,000 Combined total value = 55,583,750,000
Strike 1150 has a total call value of 1,114,375,000 versus a total put value of 45,941,875,000 Combined total value = 47,056,250,000
Strike 1160 has a total call value of 1,665,625,000 versus a total put value of 37,681,250,000 Combined total value = 39,346,875,000
Strike 1170 has a total call value of 2,660,625,000 versus a total put value of 30,340,625,000 Combined total value = 33,001,250,000
Strike 1180 has a total call value of 3,945,625,000 versus a total put value of 23,511,875,000 Combined total value = 27,457,500,000
Strike 1190 has a total call value of 5,680,000,000 versus a total put value of 17,457,500,000 Combined total value = 23,137,500,000
Strike 1200 has a total call value of 7,705,000,000 versus a total put value of 11,981,250,000 Combined total value = 19,686,250,000
Strike 1210 has a total call value of 11,521,875,000 versus a total put value of 8,140,625,000 Combined total value = 19,662,500,000
Strike 1220 has a total call value of 15,661,250,000 versus a total put value of 4,890,000,000 Combined total value = 20,551,250,000
Strike 1230 has a total call value of 21,908,125,000 versus a total put value of 2,641,250,000 Combined total value = 24,549,375,000
Strike 1240 has a total call value of 28,833,125,000 versus a total put value of 1,356,875,000 Combined total value = 30,190,000,000
Strike 1250 has a total call value of 36,671,250,000 versus a total put value of 738,125,000 Combined total value = 37,409,375,000
Strike 1260 has a total call value of 45,606,875,000 versus a total put value of 453,125,000 Combined total value = 46,060,000,000
Strike 1270 has a total call value of 55,108,750,000 versus a total put value of 266,875,000 Combined total value = 55,375,625,000
Strike 1280 has a total call value of 65,124,375,000 versus a total put value of 145,000,000 Combined total value = 65,269,375,000
Strike 1290 has a total call value of 75,547,500,000 versus a total put value of 62,500,000 Combined total value = 75,610,000,000
Strike 1300 has a total call value of 86,345,625,000 versus a total put value of 0 Combined total value = 86,345,625,000
Strike 1310 has a total call value of 98,490,000,000 versus a total put value of 0 Combined total value = 98,490,000,000
Strike 1320 has a total call value of 110,718,125,000 versus a total put value of 0 Combined total value = 110,718,125,000
Strike 1330 has a total call value of 123,152,500,000 versus a total put value of 0 Combined total value = 123,152,500,000
Strike 1340 has a total call value of 135,824,375,000 versus a total put value of 0 Combined total value = 135,824,375,000
Strike 1350 has a total call value of 148,685,000,000 versus a total put value of 0 Combined total value = 148,685,000,000
Strike 1360 has a total call value of 161,545,625,000 versus a total put value of 0 Combined total value = 161,545,625,000
Strike 1370 has a total call value of 174,433,750,000 versus a total put value of 0 Combined total value = 174,433,750,000
Strike 1380 has a total call value of 187,321,875,000 versus a total put value of 0 Combined total value = 187,321,875,000
Strike 1390 has a total call value of 200,210,000,000 versus a total put value of 0 Combined total value = 200,210,000,000
Strike 1400 has a total call value of 213,098,125,000 versus a total put value of 0 Combined total value = 213,098,125,000
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.