AXISBANK
Axis Bank Limited
Max pain for AXISBANK
08 Apr 2025 04:03 PM IST
Max Pain for AXISBANK is 1070
Strike 820 has a total call value of 0 versus a total put value of 259,553,750,000 Combined total value = 259,553,750,000
Strike 830 has a total call value of 0 versus a total put value of 247,581,875,000 Combined total value = 247,581,875,000
Strike 840 has a total call value of 0 versus a total put value of 235,610,000,000 Combined total value = 235,610,000,000
Strike 850 has a total call value of 0 versus a total put value of 223,643,750,000 Combined total value = 223,643,750,000
Strike 860 has a total call value of 0 versus a total put value of 211,677,500,000 Combined total value = 211,677,500,000
Strike 870 has a total call value of 0 versus a total put value of 199,726,250,000 Combined total value = 199,726,250,000
Strike 880 has a total call value of 0 versus a total put value of 187,775,000,000 Combined total value = 187,775,000,000
Strike 890 has a total call value of 0 versus a total put value of 175,957,500,000 Combined total value = 175,957,500,000
Strike 900 has a total call value of 0 versus a total put value of 164,206,875,000 Combined total value = 164,206,875,000
Strike 910 has a total call value of 0 versus a total put value of 153,048,125,000 Combined total value = 153,048,125,000
Strike 920 has a total call value of 0 versus a total put value of 141,973,125,000 Combined total value = 141,973,125,000
Strike 930 has a total call value of 0 versus a total put value of 130,975,625,000 Combined total value = 130,975,625,000
Strike 940 has a total call value of 0 versus a total put value of 120,078,750,000 Combined total value = 120,078,750,000
Strike 950 has a total call value of 0 versus a total put value of 109,545,625,000 Combined total value = 109,545,625,000
Strike 960 has a total call value of 0 versus a total put value of 99,465,625,000 Combined total value = 99,465,625,000
Strike 970 has a total call value of 21,875,000 versus a total put value of 89,798,750,000 Combined total value = 89,820,625,000
Strike 980 has a total call value of 43,750,000 versus a total put value of 80,347,500,000 Combined total value = 80,391,250,000
Strike 990 has a total call value of 96,875,000 versus a total put value of 71,246,875,000 Combined total value = 71,343,750,000
Strike 1000 has a total call value of 205,625,000 versus a total put value of 62,290,000,000 Combined total value = 62,495,625,000
Strike 1010 has a total call value of 575,625,000 versus a total put value of 54,284,375,000 Combined total value = 54,860,000,000
Strike 1020 has a total call value of 997,500,000 versus a total put value of 46,553,125,000 Combined total value = 47,550,625,000
Strike 1030 has a total call value of 1,512,500,000 versus a total put value of 39,203,750,000 Combined total value = 40,716,250,000
Strike 1040 has a total call value of 2,181,875,000 versus a total put value of 32,207,500,000 Combined total value = 34,389,375,000
Strike 1050 has a total call value of 3,331,250,000 versus a total put value of 26,152,500,000 Combined total value = 29,483,750,000
Strike 1060 has a total call value of 5,063,750,000 versus a total put value of 20,828,750,000 Combined total value = 25,892,500,000
Strike 1070 has a total call value of 9,439,375,000 versus a total put value of 16,398,750,000 Combined total value = 25,838,125,000
Strike 1080 has a total call value of 14,419,375,000 versus a total put value of 12,581,250,000 Combined total value = 27,000,625,000
Strike 1090 has a total call value of 20,530,625,000 versus a total put value of 9,460,000,000 Combined total value = 29,990,625,000
Strike 1100 has a total call value of 27,455,625,000 versus a total put value of 6,904,375,000 Combined total value = 34,360,000,000
Strike 1110 has a total call value of 37,698,125,000 versus a total put value of 5,450,625,000 Combined total value = 43,148,750,000
Strike 1120 has a total call value of 48,635,625,000 versus a total put value of 4,201,875,000 Combined total value = 52,837,500,000
Strike 1130 has a total call value of 61,752,500,000 versus a total put value of 3,366,250,000 Combined total value = 65,118,750,000
Strike 1140 has a total call value of 75,603,125,000 versus a total put value of 2,664,375,000 Combined total value = 78,267,500,000
Strike 1150 has a total call value of 89,979,375,000 versus a total put value of 2,058,750,000 Combined total value = 92,038,125,000
Strike 1160 has a total call value of 105,085,000,000 versus a total put value of 1,550,000,000 Combined total value = 106,635,000,000
Strike 1170 has a total call value of 120,545,000,000 versus a total put value of 1,080,000,000 Combined total value = 121,625,000,000
Strike 1180 has a total call value of 136,338,125,000 versus a total put value of 720,000,000 Combined total value = 137,058,125,000
Strike 1190 has a total call value of 152,438,125,000 versus a total put value of 360,000,000 Combined total value = 152,798,125,000
Strike 1200 has a total call value of 168,720,000,000 versus a total put value of 0 Combined total value = 168,720,000,000
Strike 1210 has a total call value of 186,116,250,000 versus a total put value of 0 Combined total value = 186,116,250,000
Strike 1220 has a total call value of 203,818,750,000 versus a total put value of 0 Combined total value = 203,818,750,000
Strike 1230 has a total call value of 221,938,125,000 versus a total put value of 0 Combined total value = 221,938,125,000
Strike 1240 has a total call value of 240,194,375,000 versus a total put value of 0 Combined total value = 240,194,375,000
Strike 1250 has a total call value of 258,841,250,000 versus a total put value of 0 Combined total value = 258,841,250,000
Strike 1260 has a total call value of 277,488,125,000 versus a total put value of 0 Combined total value = 277,488,125,000
Strike 1270 has a total call value of 296,450,000,000 versus a total put value of 0 Combined total value = 296,450,000,000
Strike 1280 has a total call value of 315,411,875,000 versus a total put value of 0 Combined total value = 315,411,875,000
Strike 1290 has a total call value of 334,551,875,000 versus a total put value of 0 Combined total value = 334,551,875,000
Strike 1300 has a total call value of 353,691,875,000 versus a total put value of 0 Combined total value = 353,691,875,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 364 | 385 |
| ABB | 5064.4 | 5300 |
| ABCAPITAL | 184.02 | 190 |
| ABFRL | 248.9 | 255 |
| ACC | 1973.55 | 2000 |
| ADANIENSOL | 841.15 | 840 |
| ADANIENT | 2285.7 | 2440 |
| ADANIGREEN | 875.8 | 940 |
| ADANIPORTS | 1131.35 | 1180 |
| ALKEM | 4837.15 | 4900 |
| AMBUJACEM | 536.8 | 545 |
| ANGELONE | 2225.7 | 2300 |
| APLAPOLLO | 1469.6 | 1500 |
| APOLLOHOSP | 6755.6 | 6700 |
| APOLLOTYRE | 401.45 | 420 |
| ASHOKLEY | 201.82 | 207.5 |
| ASIANPAINT | 2394.2 | 2360 |
| ASTRAL | 1269.4 | 1300 |
| ATGL | 584.95 | 600 |
| AUBANK | 545.6 | 550 |
| AUROPHARMA | 1097 | 1140 |
| AXISBANK | 1077.85 | 1070 |
| BAJAJ-AUTO | 7498.05 | 7900 |
| BAJAJFINSV | 1903.2 | 1920 |
| BAJFINANCE | 8822.25 | 8700 |
| BALKRISIND | 2320.1 | 2420 |
| BANDHANBNK | 150 | 150 |
| BANKBARODA | 235.84 | 235 |
| BANKINDIA | 109.25 | 110 |
| BEL | 281.45 | 285 |
| BERGEPAINT | 535.55 | 510 |
| BHARATFORG | 970.35 | 1020 |
| BHARTIARTL | 1720.4 | 1720 |
| BHEL | 210.94 | 215 |
| BIOCON | 322.3 | 335 |
| BOSCHLTD | 26516.3 | 27000 |
| BPCL | 285.9 | 280 |
| BRITANNIA | 5179.35 | 5000 |
| BSE | 5538.2 | 5200 |
| BSOFT | 356.4 | 380 |
| CAMS | 3573 | 3700 |
| CANBK | 89.43 | 90 |
| CDSL | 1171.95 | 1200 |
| CESC | 150.41 | 152.5 |
| CGPOWER | 549.4 | 590 |
| CHAMBLFERT | 631.65 | 620 |
| CHOLAFIN | 1463.3 | 1460 |
| CIPLA | 1432.55 | 1440 |
| COALINDIA | 382.85 | 400 |
| COFORGE | 6472.6 | 6800 |
| COLPAL | 2439.9 | 2400 |
| CONCOR | 672.8 | 700 |
| CROMPTON | 332.65 | 340 |
| CUMMINSIND | 2746 | 3000 |
| CYIENT | 1153.3 | 1200 |
| DABUR | 459 | 475 |
| DALBHARAT | 1808.35 | 1800 |
| DEEPAKNTR | 1828.2 | 1900 |
| DELHIVERY | 248.9 | 255 |
| DIVISLAB | 5387.3 | 5600 |
| DIXON | 12991.8 | 13500 |
| DLF | 621.55 | 650 |
| DMART | 4053.85 | 4050 |
| DRREDDY | 1107.95 | 1120 |
| EICHERMOT | 5231.35 | 5300 |
| ESCORTS | 3075.35 | 3200 |
| EXIDEIND | 357.65 | 370 |
| FEDERALBNK | 190.53 | 195 |
| GAIL | 172.57 | 180 |
| GLENMARK | 1440.8 | 1500 |
| GMRAIRPORT | 85.38 | 81 |
| GODREJCP | 1197.25 | 1170 |
| GODREJPROP | 1974.55 | 2050 |
| GOLDM | 88354 | 88000 |
| GRANULES | 444.35 | 480 |
| GRASIM | 2590.05 | 2580 |
| HAL | 4041.95 | 4200 |
| HAVELLS | 1463.15 | 1500 |
| HCLTECH | 1403.35 | 1460 |
| HDFCAMC | 3836.35 | 3900 |
| HDFCBANK | 1769.15 | 1800 |
| HDFCLIFE | 685.75 | 680 |
| HEROMOTOCO | 3574.15 | 3700 |
| HFCL | 75.96 | 80 |
| HINDALCO | 568.35 | 610 |
| HINDCOPPER | 192.54 | 210 |
| HINDPETRO | 369.15 | 360 |
| HINDUNILVR | 2289.25 | 2260 |
| HINDZINC | 412.05 | 430 |
| HUDCO | 207.01 | 200 |
| ICICIBANK | 1299.9 | 1320 |
| ICICIGI | 1776.85 | 1800 |
| ICICIPRULI | 557 | 560 |
| IDEA | 7.17 | 8 |
| IDFCFIRSTB | 57.9 | 58 |
| IEX | 176.9 | 180 |
| IGL | 180.16 | 190 |
| IIFL | 333.55 | 330 |
| INDHOTEL | 773.6 | 790 |
| INDIANB | 547.05 | 540 |
| INDIGO | 5157.05 | 5000 |
| INDUSINDBK | 679.65 | 690 |
| INDUSTOWER | 370.65 | 360 |
| INFY | 1428.8 | 1500 |
| INOXWIND | 144.74 | 150 |
| IOC | 130.98 | 130 |
| IRB | 45.72 | 45 |
| IRCTC | 713.95 | 730 |
| IREDA | 153.85 | 150 |
| IRFC | 124.41 | 125 |
| ITC | 412.55 | 410 |
| JINDALSTEL | 801.85 | 880 |
| JIOFIN | 224.81 | 230 |
| JSL | 523.35 | 570 |
| JSWENERGY | 490.25 | 510 |
| JSWSTEEL | 954.6 | 990 |
| JUBLFOOD | 681.95 | 680 |
| KALYANKJIL | 492.3 | 490 |
| KEI | 2589.85 | 2700 |
| KOTAKBANK | 2055.15 | 2080 |
| KPITTECH | 1113.2 | 1140 |
| LAURUSLABS | 579.25 | 580 |
| LICHSGFIN | 565.85 | 560 |
| LICI | 784.8 | 800 |
| LODHA | 1132.7 | 1160 |
| LT | 3161.1 | 3340 |
| LTF | 154.37 | 155 |
| LTIM | 4175.85 | 4300 |
| LUPIN | 1982.65 | 2000 |
| M&M | 2523.65 | 2650 |
| M&MFIN | 258.8 | 270 |
| MANAPPURAM | 229.06 | 230 |
| MARICO | 678.1 | 660 |
| MARUTI | 11458.9 | 11500 |
| MAXHEALTH | 1073.45 | 1100 |
| MCX | 5199.4 | 5300 |
| MFSL | 1132.35 | 1140 |
| MGL | 1311.7 | 1360 |
| MOTHERSON | 115.03 | 120 |
| MPHASIS | 2168.9 | 2250 |
| MRF | 112592.4 | 113000 |
| MUTHOOTFIN | 2292.65 | 2300 |
| NATIONALUM | 146.62 | 165 |
| NAUKRI | 6642.65 | 6700 |
| NBCC | 83.07 | 82.5 |
| NCC | 205.02 | 210 |
| NESTLEIND | 2275.4 | 2240 |
| NHPC | 83.58 | 84 |
| NMDC | 61.57 | 66.7 |
| NTPC | 352.95 | 355 |
| NYKAA | 176.75 | 175 |
| OBEROIRLTY | 1528.1 | 1580 |
| OFSS | 7545.95 | 7600 |
| OIL | 353.45 | 370 |
| ONGC | 226.66 | 235 |
| PAGEIND | 41750.4 | 42500 |
| PATANJALI | 1816.75 | 1800 |
| PAYTM | 815.15 | 800 |
| PEL | 966.65 | 980 |
| PERSISTENT | 4595.3 | 4800 |
| PETRONET | 285.3 | 290 |
| PFC | 398.55 | 410 |
| PHOENIXLTD | 1572.35 | 1600 |
| PIDILITIND | 2930.95 | 2880 |
| PIIND | 3277.1 | 3400 |
| PNB | 96.91 | 98 |
| PNBHOUSING | 964.1 | 900 |
| POLICYBZR | 1531.95 | 1550 |
| POLYCAB | 4986.15 | 5000 |
| POONAWALLA | 354.5 | 345 |
| POWERGRID | 288.95 | 292.5 |
| PRESTIGE | 1087.05 | 1140 |
| RAMCOCEM | 933.9 | 920 |
| RBLBANK | 169.75 | 175 |
| RECLTD | 395.85 | 420 |
| RELIANCE | 1182.2 | 1240 |
| SAIL | 104.83 | 110 |
| SBICARD | 846.5 | 850 |
| SBILIFE | 1488 | 1520 |
| SBIN | 768.6 | 780 |
| SHREECEM | 30433.2 | 30000 |
| SHRIRAMFIN | 641.45 | 640 |
| SIEMENS | 2763.45 | 2800 |
| SILVER | 89625 | 95000 |
| SJVN | 90.6 | 92 |
| SOLARINDS | 10930.75 | 11000 |
| SONACOMS | 411.05 | 430 |
| SRF | 2760.15 | 2850 |
| SUNPHARMA | 1688.35 | 1720 |
| SUPREMEIND | 3208.05 | 3300 |
| SYNGENE | 695.1 | 720 |
| TATACHEM | 809.25 | 850 |
| TATACOMM | 1565.5 | 1600 |
| TATACONSUM | 1069.75 | 1050 |
| TATAELXSI | 4869.4 | 5000 |
| TATAMOTORS | 588.85 | 620 |
| TATAPOWER | 359.7 | 385 |
| TATASTEEL | 130.28 | 140 |
| TATATECH | 615.85 | 640 |
| TCS | 3292.95 | 3400 |
| TECHM | 1314.4 | 1380 |
| TIINDIA | 2569.1 | 2700 |
| TITAGARH | 758.7 | 780 |
| TITAN | 3122.3 | 3100 |
| TORNTPHARM | 3246.6 | 3250 |
| TORNTPOWER | 1509.75 | 1500 |
| TRENT | 4767.2 | 5000 |
| TVSMOTOR | 2437.65 | 2440 |
| ULTRACEMCO | 11270.45 | 11300 |
| UNIONBANK | 120.84 | 123 |
| UNITDSPR | 1425.1 | 1400 |
| UPL | 614.5 | 640 |
| VBL | 540.4 | 530 |
| VEDL | 376.1 | 420 |
| VOLTAS | 1320.65 | 1360 |
| WIPRO | 247.25 | 255 |
| YESBANK | 17.17 | 17 |
| ZOMATO | 215.19 | 210 |
| ZYDUSLIFE | 859.1 | 890 |
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.
