AXISBANK
Axis Bank Limited
Max pain for AXISBANK
04 Apr 2025 04:12 PM IST
Max Pain for AXISBANK is 1090
Strike 820 has a total call value of 0 versus a total put value of 230,341,875,000 Combined total value = 230,341,875,000
Strike 830 has a total call value of 0 versus a total put value of 220,133,750,000 Combined total value = 220,133,750,000
Strike 840 has a total call value of 0 versus a total put value of 209,925,625,000 Combined total value = 209,925,625,000
Strike 850 has a total call value of 0 versus a total put value of 199,717,500,000 Combined total value = 199,717,500,000
Strike 860 has a total call value of 0 versus a total put value of 189,509,375,000 Combined total value = 189,509,375,000
Strike 870 has a total call value of 0 versus a total put value of 179,304,375,000 Combined total value = 179,304,375,000
Strike 880 has a total call value of 0 versus a total put value of 169,099,375,000 Combined total value = 169,099,375,000
Strike 890 has a total call value of 0 versus a total put value of 158,925,000,000 Combined total value = 158,925,000,000
Strike 900 has a total call value of 0 versus a total put value of 148,750,625,000 Combined total value = 148,750,625,000
Strike 910 has a total call value of 0 versus a total put value of 138,790,000,000 Combined total value = 138,790,000,000
Strike 920 has a total call value of 0 versus a total put value of 128,861,250,000 Combined total value = 128,861,250,000
Strike 930 has a total call value of 0 versus a total put value of 118,990,000,000 Combined total value = 118,990,000,000
Strike 940 has a total call value of 0 versus a total put value of 109,149,375,000 Combined total value = 109,149,375,000
Strike 950 has a total call value of 0 versus a total put value of 99,549,375,000 Combined total value = 99,549,375,000
Strike 960 has a total call value of 8,125,000 versus a total put value of 90,261,250,000 Combined total value = 90,269,375,000
Strike 970 has a total call value of 16,250,000 versus a total put value of 81,531,250,000 Combined total value = 81,547,500,000
Strike 980 has a total call value of 24,375,000 versus a total put value of 72,961,875,000 Combined total value = 72,986,250,000
Strike 990 has a total call value of 32,500,000 versus a total put value of 64,645,625,000 Combined total value = 64,678,125,000
Strike 1000 has a total call value of 40,625,000 versus a total put value of 56,533,125,000 Combined total value = 56,573,750,000
Strike 1010 has a total call value of 248,125,000 versus a total put value of 49,717,500,000 Combined total value = 49,965,625,000
Strike 1020 has a total call value of 455,625,000 versus a total put value of 43,281,250,000 Combined total value = 43,736,875,000
Strike 1030 has a total call value of 721,875,000 versus a total put value of 37,254,375,000 Combined total value = 37,976,250,000
Strike 1040 has a total call value of 1,061,875,000 versus a total put value of 31,524,375,000 Combined total value = 32,586,250,000
Strike 1050 has a total call value of 1,530,625,000 versus a total put value of 26,139,375,000 Combined total value = 27,670,000,000
Strike 1060 has a total call value of 2,595,000,000 versus a total put value of 21,325,625,000 Combined total value = 23,920,625,000
Strike 1070 has a total call value of 3,887,500,000 versus a total put value of 16,966,250,000 Combined total value = 20,853,750,000
Strike 1080 has a total call value of 5,460,625,000 versus a total put value of 13,083,125,000 Combined total value = 18,543,750,000
Strike 1090 has a total call value of 7,595,000,000 versus a total put value of 9,728,125,000 Combined total value = 17,323,125,000
Strike 1100 has a total call value of 10,406,250,000 versus a total put value of 7,008,125,000 Combined total value = 17,414,375,000
Strike 1110 has a total call value of 16,211,250,000 versus a total put value of 5,534,375,000 Combined total value = 21,745,625,000
Strike 1120 has a total call value of 22,805,625,000 versus a total put value of 4,276,250,000 Combined total value = 27,081,875,000
Strike 1130 has a total call value of 31,568,125,000 versus a total put value of 3,441,250,000 Combined total value = 35,009,375,000
Strike 1140 has a total call value of 41,111,875,000 versus a total put value of 2,736,250,000 Combined total value = 43,848,125,000
Strike 1150 has a total call value of 51,331,875,000 versus a total put value of 2,114,375,000 Combined total value = 53,446,250,000
Strike 1160 has a total call value of 62,387,500,000 versus a total put value of 1,596,250,000 Combined total value = 63,983,750,000
Strike 1170 has a total call value of 73,905,625,000 versus a total put value of 1,115,625,000 Combined total value = 75,021,250,000
Strike 1180 has a total call value of 85,860,625,000 versus a total put value of 743,750,000 Combined total value = 86,604,375,000
Strike 1190 has a total call value of 98,111,875,000 versus a total put value of 371,875,000 Combined total value = 98,483,750,000
Strike 1200 has a total call value of 110,533,750,000 versus a total put value of 0 Combined total value = 110,533,750,000
Strike 1210 has a total call value of 124,218,750,000 versus a total put value of 0 Combined total value = 124,218,750,000
Strike 1220 has a total call value of 138,158,750,000 versus a total put value of 0 Combined total value = 138,158,750,000
Strike 1230 has a total call value of 152,521,250,000 versus a total put value of 0 Combined total value = 152,521,250,000
Strike 1240 has a total call value of 167,000,625,000 versus a total put value of 0 Combined total value = 167,000,625,000
Strike 1250 has a total call value of 181,884,375,000 versus a total put value of 0 Combined total value = 181,884,375,000
Strike 1260 has a total call value of 196,768,125,000 versus a total put value of 0 Combined total value = 196,768,125,000
Strike 1270 has a total call value of 211,980,000,000 versus a total put value of 0 Combined total value = 211,980,000,000
Strike 1280 has a total call value of 227,191,875,000 versus a total put value of 0 Combined total value = 227,191,875,000
Strike 1290 has a total call value of 242,666,250,000 versus a total put value of 0 Combined total value = 242,666,250,000
Strike 1300 has a total call value of 258,140,625,000 versus a total put value of 0 Combined total value = 258,140,625,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 374.05 | 400 |
| ABB | 5095.9 | 5400 |
| ABCAPITAL | 188.26 | 190 |
| ABFRL | 258.3 | 265 |
| ACC | 1966.3 | 2000 |
| ADANIENSOL | 859.4 | 860 |
| ADANIENT | 2334.65 | 2460 |
| ADANIGREEN | 923.8 | 940 |
| ADANIPORTS | 1148.35 | 1200 |
| ALKEM | 4828.7 | 4900 |
| AMBUJACEM | 528.2 | 545 |
| ANGELONE | 2285.4 | 2300 |
| APLAPOLLO | 1519.15 | 1500 |
| APOLLOHOSP | 6714.55 | 6650 |
| APOLLOTYRE | 407.95 | 425 |
| ASHOKLEY | 205.14 | 210 |
| ASIANPAINT | 2356.05 | 2340 |
| ASTRAL | 1336.85 | 1340 |
| ATGL | 591.3 | 600 |
| AUBANK | 552.1 | 550 |
| AUROPHARMA | 1105.35 | 1160 |
| AXISBANK | 1091.3 | 1090 |
| BAJAJ-AUTO | 7685.1 | 7900 |
| BAJAJFINSV | 1912.3 | 1920 |
| BAJFINANCE | 8718.85 | 8700 |
| BALKRISIND | 2388.05 | 2500 |
| BANDHANBNK | 153.05 | 152.5 |
| BANKBARODA | 234.32 | 235 |
| BANKINDIA | 111.49 | 110 |
| BEL | 280 | 290 |
| BERGEPAINT | 512.05 | 500 |
| BHARATFORG | 1026.05 | 1080 |
| BHARTIARTL | 1743.45 | 1740 |
| BHEL | 214.45 | 220 |
| BIOCON | 327.8 | 340 |
| BOSCHLTD | 27289.1 | 28000 |
| BPCL | 279.45 | 280 |
| BRITANNIA | 5023.4 | 4950 |
| BSE | 5517.45 | 5300 |
| BSOFT | 366.5 | 385 |
| CAMS | 3683.3 | 3700 |
| CANBK | 90.39 | 92 |
| CDSL | 1199.85 | 1200 |
| CESC | 151.83 | 155 |
| CGPOWER | 575.2 | 620 |
| CHAMBLFERT | 624.6 | 620 |
| CHOLAFIN | 1453.3 | 1500 |
| CIPLA | 1415.25 | 1460 |
| COALINDIA | 385.05 | 400 |
| COFORGE | 6607.9 | 7000 |
| COLPAL | 2423.35 | 2400 |
| CONCOR | 687.5 | 710 |
| CROMPTON | 329.3 | 340 |
| CUMMINSIND | 2844.95 | 3000 |
| CYIENT | 1158.75 | 1220 |
| DABUR | 461.75 | 475 |
| DALBHARAT | 1845.45 | 1800 |
| DEEPAKNTR | 1928.95 | 2000 |
| DELHIVERY | 258.8 | 260 |
| DIVISLAB | 5482.85 | 5650 |
| DIXON | 13137.55 | 13500 |
| DLF | 653.95 | 680 |
| DMART | 4039.9 | 4050 |
| DRREDDY | 1109.95 | 1140 |
| EICHERMOT | 5247.9 | 5350 |
| ESCORTS | 3161.15 | 3250 |
| EXIDEIND | 364.4 | 370 |
| FEDERALBNK | 195 | 195 |
| GAIL | 176.61 | 180 |
| GLENMARK | 1499.85 | 1500 |
| GMRAIRPORT | 80.74 | 80 |
| GODREJCP | 1156.6 | 1150 |
| GODREJPROP | 2067.95 | 2100 |
| GOLDM | 88250 | 88500 |
| GRANULES | 456.75 | 500 |
| GRASIM | 2616.9 | 2600 |
| HAL | 4239.1 | 4250 |
| HAVELLS | 1469.25 | 1500 |
| HCLTECH | 1422.1 | 1500 |
| HDFCAMC | 3906.3 | 4000 |
| HDFCBANK | 1817.3 | 1800 |
| HDFCLIFE | 689.05 | 690 |
| HEROMOTOCO | 3659.2 | 3750 |
| HFCL | 79.16 | 80 |
| HINDALCO | 599.95 | 640 |
| HINDCOPPER | 204.25 | 210 |
| HINDPETRO | 358.35 | 360 |
| HINDUNILVR | 2244.55 | 2260 |
| HINDZINC | 426.95 | 450 |
| HUDCO | 203.47 | 200 |
| ICICIBANK | 1335.3 | 1340 |
| ICICIGI | 1829.55 | 1800 |
| ICICIPRULI | 556.8 | 570 |
| IDEA | 7.91 | 8 |
| IDFCFIRSTB | 57.81 | 59 |
| IEX | 178.52 | 180 |
| IGL | 198.06 | 200 |
| IIFL | 340.25 | 340 |
| INDHOTEL | 799.35 | 810 |
| INDIANB | 546.05 | 550 |
| INDIGO | 5098.9 | 5000 |
| INDUSINDBK | 682 | 700 |
| INDUSTOWER | 360.5 | 355 |
| INFY | 1451.65 | 1520 |
| INOXWIND | 153.85 | 160 |
| IOC | 130.14 | 132 |
| IRB | 45.52 | 46 |
| IRCTC | 714.1 | 730 |
| IREDA | 156.45 | 155 |
| IRFC | 124.84 | 125 |
| ITC | 409.7 | 410 |
| JINDALSTEL | 850.1 | 900 |
| JIOFIN | 222.32 | 230 |
| JSL | 551.7 | 600 |
| JSWENERGY | 506.4 | 530 |
| JSWSTEEL | 1005.75 | 1020 |
| JUBLFOOD | 679.6 | 680 |
| KALYANKJIL | 487.15 | 490 |
| KEI | 2645.1 | 2800 |
| KOTAKBANK | 2131.95 | 2120 |
| KPITTECH | 1134 | 1200 |
| LAURUSLABS | 574.45 | 600 |
| LICHSGFIN | 561.85 | 570 |
| LICI | 792.15 | 800 |
| LODHA | 1180.85 | 1200 |
| LT | 3260.15 | 3360 |
| LTF | 153.72 | 152.5 |
| LTIM | 4136.25 | 4400 |
| LUPIN | 1971.05 | 2000 |
| M&M | 2596.55 | 2700 |
| M&MFIN | 262.3 | 270 |
| MANAPPURAM | 232.83 | 230 |
| MARICO | 677.3 | 660 |
| MARUTI | 11482 | 11500 |
| MAXHEALTH | 1137.65 | 1120 |
| MCX | 5026.8 | 5300 |
| MFSL | 1165.05 | 1160 |
| MGL | 1330.9 | 1380 |
| MOTHERSON | 118.93 | 130 |
| MPHASIS | 2229.2 | 2400 |
| MRF | 113236.95 | 113500 |
| MUTHOOTFIN | 2348.3 | 2300 |
| NATIONALUM | 157.7 | 175 |
| NAUKRI | 6396.6 | 6800 |
| NBCC | 82.73 | 82.5 |
| NCC | 206.85 | 210 |
| NESTLEIND | 2262.15 | 2240 |
| NHPC | 83.04 | 84 |
| NMDC | 65.02 | 69 |
| NTPC | 350.4 | 360 |
| NYKAA | 176.78 | 175 |
| OBEROIRLTY | 1550.6 | 1600 |
| OFSS | 7521.55 | 7750 |
| OIL | 357.75 | 380 |
| ONGC | 226.01 | 237.5 |
| PAGEIND | 42309.8 | 42500 |
| PATANJALI | 1850.35 | 1840 |
| PAYTM | 817.05 | 800 |
| PEL | 961.5 | 1000 |
| PERSISTENT | 4609.95 | 4800 |
| PETRONET | 283.9 | 295 |
| PFC | 406.85 | 420 |
| PHOENIXLTD | 1580.3 | 1600 |
| PIDILITIND | 2892 | 2860 |
| PIIND | 3315.45 | 3450 |
| PNB | 96.61 | 98 |
| PNBHOUSING | 949.45 | 900 |
| POLICYBZR | 1504.2 | 1580 |
| POLYCAB | 5040.75 | 5100 |
| POONAWALLA | 353.05 | 340 |
| POWERGRID | 293.9 | 295 |
| PRESTIGE | 1127.05 | 1160 |
| RAMCOCEM | 941.55 | 920 |
| RBLBANK | 175.68 | 175 |
| RECLTD | 403.4 | 430 |
| RELIANCE | 1204.7 | 1250 |
| SAIL | 112.6 | 117.5 |
| SBICARD | 848 | 860 |
| SBILIFE | 1512.6 | 1540 |
| SBIN | 767.45 | 780 |
| SHREECEM | 30694.5 | 30500 |
| SHRIRAMFIN | 653.6 | 650 |
| SIEMENS | 4928.15 | 5200 |
| SILVER | 87431 | 94000 |
| SJVN | 92.42 | 92.5 |
| SOLARINDS | 10987.1 | 11000 |
| SONACOMS | 421.85 | 450 |
| SRF | 2854.85 | 2900 |
| SUNPHARMA | 1709.35 | 1740 |
| SUPREMEIND | 3278.6 | 3450 |
| SYNGENE | 724.65 | 730 |
| TATACHEM | 812.4 | 860 |
| TATACOMM | 1598.05 | 1600 |
| TATACONSUM | 1087.85 | 1060 |
| TATAELXSI | 5056.65 | 5100 |
| TATAMOTORS | 613.85 | 660 |
| TATAPOWER | 368.95 | 390 |
| TATASTEEL | 140.39 | 150 |
| TATATECH | 648.7 | 660 |
| TCS | 3299.4 | 3460 |
| TECHM | 1320.95 | 1400 |
| TIINDIA | 2637.25 | 2750 |
| TITAGARH | 790.4 | 800 |
| TITAN | 3076.2 | 3100 |
| TORNTPHARM | 3286.5 | 3200 |
| TORNTPOWER | 1537.05 | 1520 |
| TRENT | 5562.85 | 5600 |
| TVSMOTOR | 2464.95 | 2460 |
| ULTRACEMCO | 11498.65 | 11400 |
| UNIONBANK | 122.11 | 125 |
| UNITDSPR | 1427.35 | 1400 |
| UPL | 637.7 | 650 |
| VBL | 535.45 | 530 |
| VEDL | 401.45 | 440 |
| VOLTAS | 1298.1 | 1360 |
| WIPRO | 246.3 | 260 |
| YESBANK | 17.19 | 17 |
| ZOMATO | 210.53 | 210 |
| ZYDUSLIFE | 866.9 | 900 |
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.
