AXISBANK
AXIS BANK LIMITED
Max pain for AXISBANK
28 Mar 2024 03:46 PM IST
Max Pain for AXISBANK is 1080
Strike 880 has a total call value of 0 versus a total put value of 71,650,625,000 Combined total value = 71,650,625,000
Strike 890 has a total call value of 13,750,000 versus a total put value of 67,163,750,000 Combined total value = 67,177,500,000
Strike 900 has a total call value of 27,500,000 versus a total put value of 62,676,875,000 Combined total value = 62,704,375,000
Strike 910 has a total call value of 41,250,000 versus a total put value of 58,245,000,000 Combined total value = 58,286,250,000
Strike 920 has a total call value of 55,000,000 versus a total put value of 53,813,125,000 Combined total value = 53,868,125,000
Strike 930 has a total call value of 68,750,000 versus a total put value of 49,388,750,000 Combined total value = 49,457,500,000
Strike 940 has a total call value of 82,500,000 versus a total put value of 44,964,375,000 Combined total value = 45,046,875,000
Strike 950 has a total call value of 96,250,000 versus a total put value of 40,540,000,000 Combined total value = 40,636,250,000
Strike 960 has a total call value of 111,875,000 versus a total put value of 36,373,750,000 Combined total value = 36,485,625,000
Strike 970 has a total call value of 127,500,000 versus a total put value of 32,207,500,000 Combined total value = 32,335,000,000
Strike 980 has a total call value of 143,125,000 versus a total put value of 28,171,250,000 Combined total value = 28,314,375,000
Strike 990 has a total call value of 158,750,000 versus a total put value of 24,280,625,000 Combined total value = 24,439,375,000
Strike 1000 has a total call value of 174,375,000 versus a total put value of 20,605,625,000 Combined total value = 20,780,000,000
Strike 1010 has a total call value of 349,375,000 versus a total put value of 17,448,125,000 Combined total value = 17,797,500,000
Strike 1020 has a total call value of 565,625,000 versus a total put value of 14,588,125,000 Combined total value = 15,153,750,000
Strike 1030 has a total call value of 828,750,000 versus a total put value of 12,261,875,000 Combined total value = 13,090,625,000
Strike 1040 has a total call value of 1,162,500,000 versus a total put value of 10,214,375,000 Combined total value = 11,376,875,000
Strike 1050 has a total call value of 1,561,875,000 versus a total put value of 8,614,375,000 Combined total value = 10,176,250,000
Strike 1060 has a total call value of 2,138,750,000 versus a total put value of 7,199,375,000 Combined total value = 9,338,125,000
Strike 1070 has a total call value of 2,903,125,000 versus a total put value of 5,874,375,000 Combined total value = 8,777,500,000
Strike 1080 has a total call value of 4,050,625,000 versus a total put value of 4,643,750,000 Combined total value = 8,694,375,000
Strike 1090 has a total call value of 5,516,250,000 versus a total put value of 3,643,125,000 Combined total value = 9,159,375,000
Strike 1100 has a total call value of 7,211,250,000 versus a total put value of 2,744,375,000 Combined total value = 9,955,625,000
Strike 1110 has a total call value of 10,174,375,000 versus a total put value of 2,192,500,000 Combined total value = 12,366,875,000
Strike 1120 has a total call value of 13,725,000,000 versus a total put value of 1,693,125,000 Combined total value = 15,418,125,000
Strike 1130 has a total call value of 18,220,000,000 versus a total put value of 1,385,000,000 Combined total value = 19,605,000,000
Strike 1140 has a total call value of 22,913,750,000 versus a total put value of 1,120,000,000 Combined total value = 24,033,750,000
Strike 1150 has a total call value of 27,770,000,000 versus a total put value of 898,125,000 Combined total value = 28,668,125,000
Strike 1160 has a total call value of 33,395,625,000 versus a total put value of 710,625,000 Combined total value = 34,106,250,000
Strike 1170 has a total call value of 39,200,625,000 versus a total put value of 523,125,000 Combined total value = 39,723,750,000
Strike 1180 has a total call value of 45,234,375,000 versus a total put value of 345,625,000 Combined total value = 45,580,000,000
Strike 1190 has a total call value of 51,346,250,000 versus a total put value of 168,125,000 Combined total value = 51,514,375,000
Strike 1200 has a total call value of 57,508,125,000 versus a total put value of 0 Combined total value = 57,508,125,000
Strike 1210 has a total call value of 64,121,875,000 versus a total put value of 0 Combined total value = 64,121,875,000
Strike 1220 has a total call value of 70,819,375,000 versus a total put value of 0 Combined total value = 70,819,375,000
Strike 1230 has a total call value of 77,699,375,000 versus a total put value of 0 Combined total value = 77,699,375,000
Strike 1240 has a total call value of 84,579,375,000 versus a total put value of 0 Combined total value = 84,579,375,000
Strike 1250 has a total call value of 91,459,375,000 versus a total put value of 0 Combined total value = 91,459,375,000
Strike 1260 has a total call value of 98,546,875,000 versus a total put value of 0 Combined total value = 98,546,875,000
Strike 1270 has a total call value of 105,634,375,000 versus a total put value of 0 Combined total value = 105,634,375,000
Strike 1280 has a total call value of 112,721,875,000 versus a total put value of 0 Combined total value = 112,721,875,000
Strike 1290 has a total call value of 119,809,375,000 versus a total put value of 0 Combined total value = 119,809,375,000
Strike 1300 has a total call value of 126,896,875,000 versus a total put value of 0 Combined total value = 126,896,875,000
Max Pain - Choose a symbol
Index
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C
D
E
G
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I
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M
N
O
P
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S
T
U
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.