AXISBANK
Axis Bank Limited
Max pain for AXISBANK
12 Nov 2024 04:13 PM IST
Max Pain for AXISBANK is 1170
Strike 960 has a total call value of 0 versus a total put value of 134,126,875,000 Combined total value = 134,126,875,000
Strike 970 has a total call value of 0 versus a total put value of 126,548,750,000 Combined total value = 126,548,750,000
Strike 980 has a total call value of 0 versus a total put value of 118,970,625,000 Combined total value = 118,970,625,000
Strike 990 has a total call value of 0 versus a total put value of 111,392,500,000 Combined total value = 111,392,500,000
Strike 1000 has a total call value of 0 versus a total put value of 103,814,375,000 Combined total value = 103,814,375,000
Strike 1010 has a total call value of 0 versus a total put value of 96,600,000,000 Combined total value = 96,600,000,000
Strike 1020 has a total call value of 0 versus a total put value of 89,385,625,000 Combined total value = 89,385,625,000
Strike 1030 has a total call value of 0 versus a total put value of 82,316,875,000 Combined total value = 82,316,875,000
Strike 1040 has a total call value of 0 versus a total put value of 75,390,625,000 Combined total value = 75,390,625,000
Strike 1050 has a total call value of 0 versus a total put value of 68,552,500,000 Combined total value = 68,552,500,000
Strike 1060 has a total call value of 0 versus a total put value of 62,004,375,000 Combined total value = 62,004,375,000
Strike 1070 has a total call value of 10,000,000 versus a total put value of 55,605,625,000 Combined total value = 55,615,625,000
Strike 1080 has a total call value of 20,000,000 versus a total put value of 49,292,500,000 Combined total value = 49,312,500,000
Strike 1090 has a total call value of 30,000,000 versus a total put value of 43,136,875,000 Combined total value = 43,166,875,000
Strike 1100 has a total call value of 47,500,000 versus a total put value of 37,123,125,000 Combined total value = 37,170,625,000
Strike 1110 has a total call value of 151,875,000 versus a total put value of 31,757,500,000 Combined total value = 31,909,375,000
Strike 1120 has a total call value of 276,250,000 versus a total put value of 26,599,375,000 Combined total value = 26,875,625,000
Strike 1130 has a total call value of 454,375,000 versus a total put value of 21,793,125,000 Combined total value = 22,247,500,000
Strike 1140 has a total call value of 702,500,000 versus a total put value of 17,344,375,000 Combined total value = 18,046,875,000
Strike 1150 has a total call value of 1,212,500,000 versus a total put value of 13,416,875,000 Combined total value = 14,629,375,000
Strike 1160 has a total call value of 2,126,875,000 versus a total put value of 10,196,875,000 Combined total value = 12,323,750,000
Strike 1170 has a total call value of 3,816,875,000 versus a total put value of 7,490,625,000 Combined total value = 11,307,500,000
Strike 1180 has a total call value of 7,530,625,000 versus a total put value of 5,281,875,000 Combined total value = 12,812,500,000
Strike 1190 has a total call value of 13,132,500,000 versus a total put value of 3,597,500,000 Combined total value = 16,730,000,000
Strike 1200 has a total call value of 19,895,000,000 versus a total put value of 2,038,750,000 Combined total value = 21,933,750,000
Strike 1210 has a total call value of 29,796,875,000 versus a total put value of 1,630,000,000 Combined total value = 31,426,875,000
Strike 1220 has a total call value of 40,340,000,000 versus a total put value of 1,273,750,000 Combined total value = 41,613,750,000
Strike 1230 has a total call value of 51,729,375,000 versus a total put value of 983,750,000 Combined total value = 52,713,125,000
Strike 1240 has a total call value of 63,456,875,000 versus a total put value of 713,750,000 Combined total value = 64,170,625,000
Strike 1250 has a total call value of 75,699,375,000 versus a total put value of 503,125,000 Combined total value = 76,202,500,000
Strike 1260 has a total call value of 89,010,625,000 versus a total put value of 411,250,000 Combined total value = 89,421,875,000
Strike 1270 has a total call value of 102,595,625,000 versus a total put value of 319,375,000 Combined total value = 102,915,000,000
Strike 1280 has a total call value of 116,462,500,000 versus a total put value of 227,500,000 Combined total value = 116,690,000,000
Strike 1290 has a total call value of 130,700,000,000 versus a total put value of 135,625,000 Combined total value = 130,835,625,000
Strike 1300 has a total call value of 145,024,375,000 versus a total put value of 43,750,000 Combined total value = 145,068,125,000
Strike 1310 has a total call value of 160,116,875,000 versus a total put value of 39,375,000 Combined total value = 160,156,250,000
Strike 1320 has a total call value of 175,220,625,000 versus a total put value of 35,000,000 Combined total value = 175,255,625,000
Strike 1330 has a total call value of 190,450,625,000 versus a total put value of 30,625,000 Combined total value = 190,481,250,000
Strike 1340 has a total call value of 205,723,125,000 versus a total put value of 26,250,000 Combined total value = 205,749,375,000
Strike 1350 has a total call value of 220,995,625,000 versus a total put value of 21,875,000 Combined total value = 221,017,500,000
Strike 1360 has a total call value of 236,268,125,000 versus a total put value of 17,500,000 Combined total value = 236,285,625,000
Strike 1370 has a total call value of 251,540,625,000 versus a total put value of 13,125,000 Combined total value = 251,553,750,000
Strike 1380 has a total call value of 266,813,125,000 versus a total put value of 8,750,000 Combined total value = 266,821,875,000
Strike 1390 has a total call value of 282,085,625,000 versus a total put value of 4,375,000 Combined total value = 282,090,000,000
Strike 1400 has a total call value of 297,358,125,000 versus a total put value of 0 Combined total value = 297,358,125,000
Strike 1410 has a total call value of 312,658,750,000 versus a total put value of 0 Combined total value = 312,658,750,000
Strike 1420 has a total call value of 327,959,375,000 versus a total put value of 0 Combined total value = 327,959,375,000
Strike 1430 has a total call value of 343,260,000,000 versus a total put value of 0 Combined total value = 343,260,000,000
Strike 1440 has a total call value of 358,560,625,000 versus a total put value of 0 Combined total value = 358,560,625,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
