AXISBANK
Axis Bank Limited
Max pain for AXISBANK
24 Jan 2025 04:13 PM IST
Max Pain for AXISBANK is 990
Strike 840 has a total call value of 0 versus a total put value of 293,077,500,000 Combined total value = 293,077,500,000
Strike 850 has a total call value of 0 versus a total put value of 274,732,500,000 Combined total value = 274,732,500,000
Strike 860 has a total call value of 0 versus a total put value of 256,387,500,000 Combined total value = 256,387,500,000
Strike 870 has a total call value of 0 versus a total put value of 238,153,750,000 Combined total value = 238,153,750,000
Strike 880 has a total call value of 0 versus a total put value of 219,958,750,000 Combined total value = 219,958,750,000
Strike 890 has a total call value of 0 versus a total put value of 202,120,625,000 Combined total value = 202,120,625,000
Strike 900 has a total call value of 0 versus a total put value of 184,775,000,000 Combined total value = 184,775,000,000
Strike 910 has a total call value of 83,750,000 versus a total put value of 168,626,875,000 Combined total value = 168,710,625,000
Strike 920 has a total call value of 193,750,000 versus a total put value of 152,914,375,000 Combined total value = 153,108,125,000
Strike 930 has a total call value of 368,125,000 versus a total put value of 138,141,875,000 Combined total value = 138,510,000,000
Strike 940 has a total call value of 581,875,000 versus a total put value of 123,902,500,000 Combined total value = 124,484,375,000
Strike 950 has a total call value of 1,114,375,000 versus a total put value of 110,714,375,000 Combined total value = 111,828,750,000
Strike 960 has a total call value of 2,559,375,000 versus a total put value of 98,551,875,000 Combined total value = 101,111,250,000
Strike 970 has a total call value of 6,138,125,000 versus a total put value of 87,641,250,000 Combined total value = 93,779,375,000
Strike 980 has a total call value of 11,920,625,000 versus a total put value of 77,513,125,000 Combined total value = 89,433,750,000
Strike 990 has a total call value of 20,193,750,000 versus a total put value of 68,289,375,000 Combined total value = 88,483,125,000
Strike 1000 has a total call value of 30,466,250,000 versus a total put value of 59,877,500,000 Combined total value = 90,343,750,000
Strike 1010 has a total call value of 46,963,125,000 versus a total put value of 53,332,500,000 Combined total value = 100,295,625,000
Strike 1020 has a total call value of 64,982,500,000 versus a total put value of 46,950,625,000 Combined total value = 111,933,125,000
Strike 1030 has a total call value of 85,048,750,000 versus a total put value of 41,012,500,000 Combined total value = 126,061,250,000
Strike 1040 has a total call value of 106,365,625,000 versus a total put value of 35,690,000,000 Combined total value = 142,055,625,000
Strike 1050 has a total call value of 129,400,000,000 versus a total put value of 30,670,625,000 Combined total value = 160,070,625,000
Strike 1060 has a total call value of 155,533,125,000 versus a total put value of 26,171,875,000 Combined total value = 181,705,000,000
Strike 1070 has a total call value of 183,461,875,000 versus a total put value of 21,924,375,000 Combined total value = 205,386,250,000
Strike 1080 has a total call value of 212,314,375,000 versus a total put value of 18,044,375,000 Combined total value = 230,358,750,000
Strike 1090 has a total call value of 242,687,500,000 versus a total put value of 14,773,750,000 Combined total value = 257,461,250,000
Strike 1100 has a total call value of 274,689,375,000 versus a total put value of 11,866,875,000 Combined total value = 286,556,250,000
Strike 1110 has a total call value of 310,521,875,000 versus a total put value of 9,900,000,000 Combined total value = 320,421,875,000
Strike 1120 has a total call value of 347,671,875,000 versus a total put value of 8,149,375,000 Combined total value = 355,821,250,000
Strike 1130 has a total call value of 385,469,375,000 versus a total put value of 6,761,250,000 Combined total value = 392,230,625,000
Strike 1140 has a total call value of 423,808,750,000 versus a total put value of 5,373,125,000 Combined total value = 429,181,875,000
Strike 1150 has a total call value of 462,887,500,000 versus a total put value of 3,985,000,000 Combined total value = 466,872,500,000
Strike 1160 has a total call value of 503,136,875,000 versus a total put value of 3,197,500,000 Combined total value = 506,334,375,000
Strike 1170 has a total call value of 543,833,750,000 versus a total put value of 2,616,875,000 Combined total value = 546,450,625,000
Strike 1180 has a total call value of 585,050,000,000 versus a total put value of 2,036,250,000 Combined total value = 587,086,250,000
Strike 1190 has a total call value of 626,697,500,000 versus a total put value of 1,455,625,000 Combined total value = 628,153,125,000
Strike 1200 has a total call value of 668,546,875,000 versus a total put value of 875,000,000 Combined total value = 669,421,875,000
Strike 1210 has a total call value of 712,829,375,000 versus a total put value of 787,500,000 Combined total value = 713,616,875,000
Strike 1220 has a total call value of 757,179,375,000 versus a total put value of 700,000,000 Combined total value = 757,879,375,000
Strike 1230 has a total call value of 801,663,125,000 versus a total put value of 612,500,000 Combined total value = 802,275,625,000
Strike 1240 has a total call value of 846,201,250,000 versus a total put value of 525,000,000 Combined total value = 846,726,250,000
Strike 1250 has a total call value of 890,798,750,000 versus a total put value of 437,500,000 Combined total value = 891,236,250,000
Strike 1260 has a total call value of 935,743,125,000 versus a total put value of 350,000,000 Combined total value = 936,093,125,000
Strike 1270 has a total call value of 980,687,500,000 versus a total put value of 262,500,000 Combined total value = 980,950,000,000
Strike 1280 has a total call value of 1,025,631,875,000 versus a total put value of 175,000,000 Combined total value = 1,025,806,875,000
Strike 1290 has a total call value of 1,070,576,250,000 versus a total put value of 87,500,000 Combined total value = 1,070,663,750,000
Strike 1300 has a total call value of 1,115,520,625,000 versus a total put value of 0 Combined total value = 1,115,520,625,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 439.05 | 435 |
ABB | 6178.9 | 6400 |
ABBOTINDIA | 27282.35 | 28000 |
ABCAPITAL | 170.43 | 180 |
ABFRL | 271.9 | 275 |
ACC | 2058.95 | 2080 |
ADANIENSOL | 790.45 | 800 |
ADANIENT | 2315.1 | 2400 |
ADANIGREEN | 1012.1 | 1020 |
ADANIPORTS | 1094.15 | 1160 |
ALKEM | 5022.7 | 5300 |
AMBUJACEM | 551.8 | 550 |
ANGELONE | 2334.35 | 2500 |
APLAPOLLO | 1561.4 | 1560 |
APOLLOHOSP | 6745.05 | 6900 |
APOLLOTYRE | 423.4 | 450 |
ASHOKLEY | 204.3 | 210 |
ASIANPAINT | 2262.4 | 2300 |
ASTRAL | 1468.35 | 1560 |
ATGL | 641.5 | 660 |
ATUL | 6547.1 | 6700 |
AUBANK | 594.65 | 585 |
AUROPHARMA | 1212.2 | 1220 |
AXISBANK | 948.5 | 990 |
BAJAJ-AUTO | 8401.5 | 8700 |
BAJAJFINSV | 1728.7 | 1680 |
BAJFINANCE | 7438.6 | 7300 |
BALKRISIND | 2652.2 | 2740 |
BANDHANBNK | 148.83 | 157.5 |
BANKBARODA | 225.21 | 235 |
BANKINDIA | 98.37 | 100 |
BATAINDIA | 1281.35 | 1320 |
BEL | 270.15 | 280 |
BERGEPAINT | 480.1 | 465 |
BHARATFORG | 1216.55 | 1240 |
BHARTIARTL | 1644.8 | 1640 |
BHEL | 200.19 | 215 |
BIOCON | 388.25 | 380 |
BOSCHLTD | 30356.5 | 32500 |
BPCL | 263.8 | 270 |
BRITANNIA | 5101.55 | 4850 |
BSE | 5835.6 | 5700 |
BSOFT | 545.7 | 550 |
CAMS | 4101.1 | 4300 |
CANBK | 96.75 | 100 |
CANFINHOME | 682.7 | 700 |
CDSL | 1500.25 | 1580 |
CESC | 139 | 145.5 |
CGPOWER | 620.55 | 650 |
CHAMBLFERT | 496.05 | 500 |
CHOLAFIN | 1223.05 | 1260 |
CIPLA | 1411.4 | 1460 |
COALINDIA | 383.05 | 390 |
COFORGE | 9234.6 | 9000 |
COLPAL | 2751.9 | 2750 |
CONCOR | 754.35 | 780 |
COROMANDEL | 1815.05 | 1860 |
CROMPTON | 339.7 | 355 |
CUB | 167.66 | 170 |
CUMMINSIND | 2804.05 | 3000 |
CYIENT | 1344.9 | 1460 |
DABUR | 521.65 | 520 |
DALBHARAT | 1802.95 | 1780 |
DEEPAKNTR | 2292.55 | 2400 |
DELHIVERY | 321.75 | 330 |
DIVISLAB | 5762.6 | 5850 |
DIXON | 15584.9 | 16000 |
DLF | 695.25 | 730 |
DMART | 3579.95 | 3700 |
DRREDDY | 1224.4 | 1250 |
EICHERMOT | 5206.3 | 5100 |
ESCORTS | 3466.3 | 3400 |
EXIDEIND | 369.05 | 400 |
FEDERALBNK | 188.11 | 195 |
GAIL | 175.84 | 185 |
GLENMARK | 1450.1 | 1500 |
GMRAIRPORT | 71.49 | 77 |
GMRINFRA | 0 | 32 |
GNFC | 556.45 | 560 |
GODREJCP | 1130.35 | 1130 |
GODREJPROP | 2155 | 2300 |
GRANULES | 582 | 590 |
GRASIM | 2490.75 | 2480 |
GUJGASLTD | 494.75 | 500 |
HAL | 3849.8 | 4050 |
HAVELLS | 1523.2 | 1560 |
HCLTECH | 1792.85 | 1820 |
HDFCAMC | 3877.8 | 4000 |
HDFCBANK | 1649.8 | 1680 |
HDFCLIFE | 621.1 | 630 |
HEROMOTOCO | 4051.9 | 4150 |
HFCL | 99.15 | 102.5 |
HINDALCO | 606.9 | 600 |
HINDCOPPER | 242.05 | 250 |
HINDPETRO | 352.85 | 365 |
HINDUNILVR | 2368.1 | 2360 |
HUDCO | 219.84 | 220 |
ICICIBANK | 1209.2 | 1230 |
ICICIGI | 1815.65 | 1880 |
ICICIPRULI | 590.5 | 600 |
IDEA | 9.46 | 9 |
IDFCFIRSTB | 62.27 | 63 |
IEX | 169.33 | 172.5 |
IGL | 383.25 | 400 |
INDHOTEL | 781.2 | 800 |
INDIAMART | 2083.4 | 2140 |
INDIANB | 501.25 | 520 |
INDIGO | 4161.8 | 4200 |
INDUSINDBK | 950.8 | 980 |
INDUSTOWER | 367.95 | 355 |
INFY | 1875.45 | 1880 |
IOC | 128.26 | 132.5 |
IPCALAB | 1515.85 | 1580 |
IRB | 51.94 | 54 |
IRCTC | 787.5 | 800 |
IRFC | 140.68 | 137.5 |
ITC | 441.6 | 445 |
JINDALSTEL | 882.8 | 920 |
JIOFIN | 244.45 | 265 |
JKCEMENT | 4755.9 | 4700 |
JSL | 634.1 | 630 |
JSWENERGY | 544.15 | 570 |
JSWSTEEL | 932.45 | 930 |
JUBLFOOD | 671 | 700 |
KALYANKJIL | 458.75 | 540 |
KEI | 4253.5 | 4300 |
KOTAKBANK | 1886.2 | 1860 |
KPITTECH | 1322.9 | 1380 |
LALPATHLAB | 2828.85 | 2900 |
LAURUSLABS | 602.65 | 590 |
LICHSGFIN | 573.3 | 580 |
LICI | 821.25 | 850 |
LODHA | 1099.55 | 1120 |
LT | 3458.2 | 3600 |
LTF | 139.68 | 140 |
LTIM | 5998.15 | 5900 |
LTTS | 5431 | 5300 |
LUPIN | 2134.25 | 2180 |
M&M | 2801.4 | 2900 |
M&MFIN | 268.05 | 270 |
MANAPPURAM | 196.71 | 185 |
MARICO | 666.2 | 660 |
MARUTI | 11967.9 | 11700 |
MAXHEALTH | 1055.75 | 1080 |
MCX | 5739.5 | 5800 |
METROPOLIS | 1802.2 | 1920 |
MFSL | 1040.3 | 1060 |
MGL | 1278.45 | 1280 |
MOTHERSON | 142.99 | 150 |
MPHASIS | 3009.3 | 2950 |
MRF | 111484.55 | 115000 |
MUTHOOTFIN | 2173.4 | 2180 |
NATIONALUM | 203.2 | 210 |
NAUKRI | 7447.05 | 7700 |
NAVINFLUOR | 3709.45 | 3700 |
NCC | 235.95 | 250 |
NESTLEIND | 2207.9 | 2200 |
NHPC | 76.88 | 78 |
NMDC | 66.77 | 68 |
NTPC | 323.65 | 325 |
NYKAA | 167.37 | 170 |
OBEROIRLTY | 1756.75 | 1840 |
OFSS | 9805.65 | 10250 |
OIL | 424.5 | 450 |
ONGC | 256.51 | 257.5 |
PAGEIND | 46395.25 | 47000 |
PAYTM | 807.45 | 860 |
PEL | 990.45 | 1080 |
PERSISTENT | 6360.65 | 6200 |
PETRONET | 322.7 | 335 |
PFC | 408.4 | 440 |
PIDILITIND | 2854.55 | 2880 |
PIIND | 3501.6 | 3550 |
PNB | 97.62 | 100 |
POLICYBZR | 1694.7 | 1750 |
POLYCAB | 5915.8 | 6200 |
POONAWALLA | 317 | 320 |
POWERGRID | 295.85 | 305 |
PRESTIGE | 1255.65 | 1350 |
PVRINOX | 1064.1 | 1140 |
RAMCOCEM | 888.75 | 910 |
RBLBANK | 155.73 | 160 |
RECLTD | 446.25 | 480 |
RELIANCE | 1246.3 | 1250 |
SAIL | 108.17 | 110 |
SBICARD | 758.3 | 750 |
SBILIFE | 1440.4 | 1460 |
SBIN | 744.15 | 770 |
SHREECEM | 25783.15 | 26000 |
SHRIRAMFIN | 527.45 | 540 |
SIEMENS | 5879.7 | 6100 |
SJVN | 95.46 | 97.5 |
SONACOMS | 525.05 | 550 |
SRF | 2583.95 | 2560 |
SUNPHARMA | 1822.2 | 1800 |
SUNTV | 640.45 | 660 |
SUPREMEIND | 3803.2 | 4000 |
SYNGENE | 796.1 | 820 |
TATACHEM | 956.9 | 1000 |
TATACOMM | 1629.45 | 1700 |
TATACONSUM | 992.35 | 960 |
TATAELXSI | 6372.7 | 6300 |
TATAMOTORS | 734.1 | 760 |
TATAPOWER | 363.4 | 380 |
TATASTEEL | 129.74 | 135 |
TCS | 4152.35 | 4150 |
TECHM | 1723.05 | 1700 |
TIINDIA | 3232.15 | 3400 |
TITAN | 3402.15 | 3400 |
TORNTPHARM | 3248.4 | 3300 |
TRENT | 5490.45 | 6000 |
TVSMOTOR | 2270.7 | 2300 |
UBL | 2064.85 | 2040 |
ULTRACEMCO | 11285.85 | 11200 |
UNIONBANK | 107.3 | 110 |
UNITDSPR | 1469.75 | 1500 |
UPL | 552 | 540 |
VBL | 541.7 | 550 |
VEDL | 442 | 460 |
VOLTAS | 1456.6 | 1540 |
WIPRO | 320.1 | 310 |
YESBANK | 18.24 | 19 |
ZOMATO | 215.6 | 230 |
ZYDUSLIFE | 957.6 | 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.