AXISBANK
Axis Bank Limited
Max pain for AXISBANK
06 Sep 2024 04:13 PM IST
Max Pain for AXISBANK is 1180
Strike 980 has a total call value of 0 versus a total put value of 149,634,375,000 Combined total value = 149,634,375,000
Strike 990 has a total call value of 3,125,000 versus a total put value of 140,796,250,000 Combined total value = 140,799,375,000
Strike 1000 has a total call value of 6,250,000 versus a total put value of 131,958,125,000 Combined total value = 131,964,375,000
Strike 1010 has a total call value of 15,000,000 versus a total put value of 123,255,625,000 Combined total value = 123,270,625,000
Strike 1020 has a total call value of 23,750,000 versus a total put value of 114,553,125,000 Combined total value = 114,576,875,000
Strike 1030 has a total call value of 32,500,000 versus a total put value of 105,858,750,000 Combined total value = 105,891,250,000
Strike 1040 has a total call value of 41,250,000 versus a total put value of 97,164,375,000 Combined total value = 97,205,625,000
Strike 1050 has a total call value of 50,000,000 versus a total put value of 88,515,000,000 Combined total value = 88,565,000,000
Strike 1060 has a total call value of 58,750,000 versus a total put value of 80,176,250,000 Combined total value = 80,235,000,000
Strike 1070 has a total call value of 67,500,000 versus a total put value of 72,049,375,000 Combined total value = 72,116,875,000
Strike 1080 has a total call value of 76,250,000 versus a total put value of 64,046,250,000 Combined total value = 64,122,500,000
Strike 1090 has a total call value of 85,000,000 versus a total put value of 56,211,875,000 Combined total value = 56,296,875,000
Strike 1100 has a total call value of 93,750,000 versus a total put value of 48,458,750,000 Combined total value = 48,552,500,000
Strike 1110 has a total call value of 254,375,000 versus a total put value of 41,609,375,000 Combined total value = 41,863,750,000
Strike 1120 has a total call value of 428,750,000 versus a total put value of 34,923,750,000 Combined total value = 35,352,500,000
Strike 1130 has a total call value of 646,875,000 versus a total put value of 28,736,875,000 Combined total value = 29,383,750,000
Strike 1140 has a total call value of 892,500,000 versus a total put value of 22,841,250,000 Combined total value = 23,733,750,000
Strike 1150 has a total call value of 1,310,625,000 versus a total put value of 17,328,125,000 Combined total value = 18,638,750,000
Strike 1160 has a total call value of 2,152,500,000 versus a total put value of 12,595,625,000 Combined total value = 14,748,125,000
Strike 1170 has a total call value of 3,900,000,000 versus a total put value of 8,991,875,000 Combined total value = 12,891,875,000
Strike 1180 has a total call value of 6,601,250,000 versus a total put value of 5,943,125,000 Combined total value = 12,544,375,000
Strike 1190 has a total call value of 11,361,875,000 versus a total put value of 3,836,250,000 Combined total value = 15,198,125,000
Strike 1200 has a total call value of 17,006,250,000 versus a total put value of 1,981,250,000 Combined total value = 18,987,500,000
Strike 1210 has a total call value of 26,406,250,000 versus a total put value of 1,530,000,000 Combined total value = 27,936,250,000
Strike 1220 has a total call value of 36,213,750,000 versus a total put value of 1,175,625,000 Combined total value = 37,389,375,000
Strike 1230 has a total call value of 46,885,000,000 versus a total put value of 890,000,000 Combined total value = 47,775,000,000
Strike 1240 has a total call value of 57,898,125,000 versus a total put value of 621,875,000 Combined total value = 58,520,000,000
Strike 1250 has a total call value of 69,360,000,000 versus a total put value of 382,500,000 Combined total value = 69,742,500,000
Strike 1260 has a total call value of 81,884,375,000 versus a total put value of 280,000,000 Combined total value = 82,164,375,000
Strike 1270 has a total call value of 94,742,500,000 versus a total put value of 210,000,000 Combined total value = 94,952,500,000
Strike 1280 has a total call value of 107,935,625,000 versus a total put value of 140,000,000 Combined total value = 108,075,625,000
Strike 1290 has a total call value of 121,284,375,000 versus a total put value of 70,000,000 Combined total value = 121,354,375,000
Strike 1300 has a total call value of 134,748,125,000 versus a total put value of 0 Combined total value = 134,748,125,000
Strike 1310 has a total call value of 149,383,125,000 versus a total put value of 0 Combined total value = 149,383,125,000
Strike 1320 has a total call value of 164,018,125,000 versus a total put value of 0 Combined total value = 164,018,125,000
Strike 1330 has a total call value of 178,805,000,000 versus a total put value of 0 Combined total value = 178,805,000,000
Strike 1340 has a total call value of 193,591,875,000 versus a total put value of 0 Combined total value = 193,591,875,000
Strike 1350 has a total call value of 208,416,875,000 versus a total put value of 0 Combined total value = 208,416,875,000
Strike 1360 has a total call value of 223,241,875,000 versus a total put value of 0 Combined total value = 223,241,875,000
Strike 1370 has a total call value of 238,095,000,000 versus a total put value of 0 Combined total value = 238,095,000,000
Strike 1380 has a total call value of 252,948,125,000 versus a total put value of 0 Combined total value = 252,948,125,000
Strike 1390 has a total call value of 267,801,250,000 versus a total put value of 0 Combined total value = 267,801,250,000
Strike 1400 has a total call value of 282,654,375,000 versus a total put value of 0 Combined total value = 282,654,375,000
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.