AXISBANK
Axis Bank Limited
Max pain for AXISBANK
21 Nov 2024 04:13 PM IST
Max Pain for AXISBANK is 1150
Strike 1000 has a total call value of 0 versus a total put value of 118,810,625,000 Combined total value = 118,810,625,000
Strike 1010 has a total call value of 0 versus a total put value of 109,882,500,000 Combined total value = 109,882,500,000
Strike 1020 has a total call value of 0 versus a total put value of 100,954,375,000 Combined total value = 100,954,375,000
Strike 1030 has a total call value of 0 versus a total put value of 92,242,500,000 Combined total value = 92,242,500,000
Strike 1040 has a total call value of 0 versus a total put value of 83,685,000,000 Combined total value = 83,685,000,000
Strike 1050 has a total call value of 0 versus a total put value of 75,223,125,000 Combined total value = 75,223,125,000
Strike 1060 has a total call value of 0 versus a total put value of 67,001,250,000 Combined total value = 67,001,250,000
Strike 1070 has a total call value of 7,500,000 versus a total put value of 58,988,125,000 Combined total value = 58,995,625,000
Strike 1080 has a total call value of 20,000,000 versus a total put value of 51,195,000,000 Combined total value = 51,215,000,000
Strike 1090 has a total call value of 48,125,000 versus a total put value of 43,701,250,000 Combined total value = 43,749,375,000
Strike 1100 has a total call value of 115,000,000 versus a total put value of 36,488,750,000 Combined total value = 36,603,750,000
Strike 1110 has a total call value of 327,500,000 versus a total put value of 30,021,250,000 Combined total value = 30,348,750,000
Strike 1120 has a total call value of 600,625,000 versus a total put value of 23,904,375,000 Combined total value = 24,505,000,000
Strike 1130 has a total call value of 1,233,125,000 versus a total put value of 18,930,000,000 Combined total value = 20,163,125,000
Strike 1140 has a total call value of 2,386,875,000 versus a total put value of 14,955,000,000 Combined total value = 17,341,875,000
Strike 1150 has a total call value of 4,770,000,000 versus a total put value of 11,747,500,000 Combined total value = 16,517,500,000
Strike 1160 has a total call value of 8,575,625,000 versus a total put value of 9,048,750,000 Combined total value = 17,624,375,000
Strike 1170 has a total call value of 13,666,250,000 versus a total put value of 6,723,750,000 Combined total value = 20,390,000,000
Strike 1180 has a total call value of 21,071,250,000 versus a total put value of 4,773,125,000 Combined total value = 25,844,375,000
Strike 1190 has a total call value of 30,421,875,000 versus a total put value of 3,240,000,000 Combined total value = 33,661,875,000
Strike 1200 has a total call value of 40,945,000,000 versus a total put value of 1,794,375,000 Combined total value = 42,739,375,000
Strike 1210 has a total call value of 54,272,500,000 versus a total put value of 1,424,375,000 Combined total value = 55,696,875,000
Strike 1220 has a total call value of 68,199,375,000 versus a total put value of 1,115,625,000 Combined total value = 69,315,000,000
Strike 1230 has a total call value of 82,666,875,000 versus a total put value of 871,250,000 Combined total value = 83,538,125,000
Strike 1240 has a total call value of 97,472,500,000 versus a total put value of 626,875,000 Combined total value = 98,099,375,000
Strike 1250 has a total call value of 112,705,000,000 versus a total put value of 438,125,000 Combined total value = 113,143,125,000
Strike 1260 has a total call value of 128,661,875,000 versus a total put value of 352,500,000 Combined total value = 129,014,375,000
Strike 1270 has a total call value of 144,845,625,000 versus a total put value of 266,875,000 Combined total value = 145,112,500,000
Strike 1280 has a total call value of 161,266,875,000 versus a total put value of 181,250,000 Combined total value = 161,448,125,000
Strike 1290 has a total call value of 178,011,875,000 versus a total put value of 95,625,000 Combined total value = 178,107,500,000
Strike 1300 has a total call value of 194,817,500,000 versus a total put value of 10,000,000 Combined total value = 194,827,500,000
Strike 1310 has a total call value of 212,152,500,000 versus a total put value of 9,375,000 Combined total value = 212,161,875,000
Strike 1320 has a total call value of 229,487,500,000 versus a total put value of 8,750,000 Combined total value = 229,496,250,000
Strike 1330 has a total call value of 246,822,500,000 versus a total put value of 8,125,000 Combined total value = 246,830,625,000
Strike 1340 has a total call value of 264,200,000,000 versus a total put value of 7,500,000 Combined total value = 264,207,500,000
Strike 1350 has a total call value of 281,577,500,000 versus a total put value of 6,875,000 Combined total value = 281,584,375,000
Strike 1360 has a total call value of 298,955,000,000 versus a total put value of 6,250,000 Combined total value = 298,961,250,000
Strike 1370 has a total call value of 316,332,500,000 versus a total put value of 5,625,000 Combined total value = 316,338,125,000
Strike 1380 has a total call value of 333,710,000,000 versus a total put value of 5,000,000 Combined total value = 333,715,000,000
Strike 1390 has a total call value of 351,087,500,000 versus a total put value of 4,375,000 Combined total value = 351,091,875,000
Strike 1400 has a total call value of 368,465,000,000 versus a total put value of 3,750,000 Combined total value = 368,468,750,000
Strike 1410 has a total call value of 385,863,750,000 versus a total put value of 3,125,000 Combined total value = 385,866,875,000
Strike 1420 has a total call value of 403,262,500,000 versus a total put value of 2,500,000 Combined total value = 403,265,000,000
Strike 1430 has a total call value of 420,661,250,000 versus a total put value of 1,875,000 Combined total value = 420,663,125,000
Strike 1440 has a total call value of 438,060,000,000 versus a total put value of 1,250,000 Combined total value = 438,061,250,000
Strike 1450 has a total call value of 455,458,750,000 versus a total put value of 625,000 Combined total value = 455,459,375,000
Strike 1460 has a total call value of 472,857,500,000 versus a total put value of 0 Combined total value = 472,857,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 980 |
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.
