AXISBANK
AXIS BANK LIMITED
Max pain for AXISBANK
19 Mar 2024 03:46 PM IST
Max Pain for AXISBANK is 1070
Strike 880 has a total call value of 0 versus a total put value of 105,255,000,000 Combined total value = 105,255,000,000
Strike 890 has a total call value of 19,375,000 versus a total put value of 98,653,750,000 Combined total value = 98,673,125,000
Strike 900 has a total call value of 38,750,000 versus a total put value of 92,052,500,000 Combined total value = 92,091,250,000
Strike 910 has a total call value of 58,750,000 versus a total put value of 85,547,500,000 Combined total value = 85,606,250,000
Strike 920 has a total call value of 78,750,000 versus a total put value of 79,042,500,000 Combined total value = 79,121,250,000
Strike 930 has a total call value of 98,750,000 versus a total put value of 72,543,125,000 Combined total value = 72,641,875,000
Strike 940 has a total call value of 118,750,000 versus a total put value of 66,043,750,000 Combined total value = 66,162,500,000
Strike 950 has a total call value of 138,750,000 versus a total put value of 59,659,375,000 Combined total value = 59,798,125,000
Strike 960 has a total call value of 161,250,000 versus a total put value of 53,636,250,000 Combined total value = 53,797,500,000
Strike 970 has a total call value of 183,750,000 versus a total put value of 47,685,000,000 Combined total value = 47,868,750,000
Strike 980 has a total call value of 206,250,000 versus a total put value of 41,873,750,000 Combined total value = 42,080,000,000
Strike 990 has a total call value of 230,625,000 versus a total put value of 36,274,375,000 Combined total value = 36,505,000,000
Strike 1000 has a total call value of 255,000,000 versus a total put value of 30,852,500,000 Combined total value = 31,107,500,000
Strike 1010 has a total call value of 444,375,000 versus a total put value of 26,469,375,000 Combined total value = 26,913,750,000
Strike 1020 has a total call value of 653,750,000 versus a total put value of 22,252,500,000 Combined total value = 22,906,250,000
Strike 1030 has a total call value of 928,125,000 versus a total put value of 18,523,125,000 Combined total value = 19,451,250,000
Strike 1040 has a total call value of 1,283,750,000 versus a total put value of 15,061,875,000 Combined total value = 16,345,625,000
Strike 1050 has a total call value of 1,783,750,000 versus a total put value of 11,979,375,000 Combined total value = 13,763,125,000
Strike 1060 has a total call value of 2,944,375,000 versus a total put value of 9,563,125,000 Combined total value = 12,507,500,000
Strike 1070 has a total call value of 4,875,000,000 versus a total put value of 7,438,750,000 Combined total value = 12,313,750,000
Strike 1080 has a total call value of 7,656,875,000 versus a total put value of 5,635,000,000 Combined total value = 13,291,875,000
Strike 1090 has a total call value of 11,689,375,000 versus a total put value of 4,253,125,000 Combined total value = 15,942,500,000
Strike 1100 has a total call value of 16,451,250,000 versus a total put value of 3,011,875,000 Combined total value = 19,463,125,000
Strike 1110 has a total call value of 23,805,000,000 versus a total put value of 2,308,125,000 Combined total value = 26,113,125,000
Strike 1120 has a total call value of 32,004,375,000 versus a total put value of 1,723,125,000 Combined total value = 33,727,500,000
Strike 1130 has a total call value of 42,165,000,000 versus a total put value of 1,374,375,000 Combined total value = 43,539,375,000
Strike 1140 has a total call value of 52,963,125,000 versus a total put value of 1,091,875,000 Combined total value = 54,055,000,000
Strike 1150 has a total call value of 64,232,500,000 versus a total put value of 859,375,000 Combined total value = 65,091,875,000
Strike 1160 has a total call value of 76,670,625,000 versus a total put value of 687,500,000 Combined total value = 77,358,125,000
Strike 1170 has a total call value of 89,505,625,000 versus a total put value of 515,625,000 Combined total value = 90,021,250,000
Strike 1180 has a total call value of 102,670,000,000 versus a total put value of 343,750,000 Combined total value = 103,013,750,000
Strike 1190 has a total call value of 116,001,875,000 versus a total put value of 171,875,000 Combined total value = 116,173,750,000
Strike 1200 has a total call value of 129,450,625,000 versus a total put value of 0 Combined total value = 129,450,625,000
Strike 1210 has a total call value of 143,808,125,000 versus a total put value of 0 Combined total value = 143,808,125,000
Strike 1220 has a total call value of 158,261,250,000 versus a total put value of 0 Combined total value = 158,261,250,000
Strike 1230 has a total call value of 172,980,000,000 versus a total put value of 0 Combined total value = 172,980,000,000
Strike 1240 has a total call value of 188,056,250,000 versus a total put value of 0 Combined total value = 188,056,250,000
Strike 1250 has a total call value of 203,394,375,000 versus a total put value of 0 Combined total value = 203,394,375,000
Strike 1260 has a total call value of 218,962,500,000 versus a total put value of 0 Combined total value = 218,962,500,000
Strike 1270 has a total call value of 234,604,375,000 versus a total put value of 0 Combined total value = 234,604,375,000
Strike 1280 has a total call value of 250,246,250,000 versus a total put value of 0 Combined total value = 250,246,250,000
Strike 1290 has a total call value of 265,888,125,000 versus a total put value of 0 Combined total value = 265,888,125,000
Strike 1300 has a total call value of 281,530,000,000 versus a total put value of 0 Combined total value = 281,530,000,000
Max Pain - Choose a symbol
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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.