AXISBANK
Axis Bank Limited
Max pain for AXISBANK
17 Oct 2024 04:13 PM IST
Max Pain for AXISBANK is 1160
Strike 960 has a total call value of 0 versus a total put value of 357,006,875,000 Combined total value = 357,006,875,000
Strike 970 has a total call value of 0 versus a total put value of 335,932,500,000 Combined total value = 335,932,500,000
Strike 980 has a total call value of 0 versus a total put value of 314,858,125,000 Combined total value = 314,858,125,000
Strike 990 has a total call value of 0 versus a total put value of 293,908,750,000 Combined total value = 293,908,750,000
Strike 1000 has a total call value of 0 versus a total put value of 272,959,375,000 Combined total value = 272,959,375,000
Strike 1010 has a total call value of 625,000 versus a total put value of 252,618,125,000 Combined total value = 252,618,750,000
Strike 1020 has a total call value of 1,250,000 versus a total put value of 232,276,875,000 Combined total value = 232,278,125,000
Strike 1030 has a total call value of 1,875,000 versus a total put value of 212,210,625,000 Combined total value = 212,212,500,000
Strike 1040 has a total call value of 3,750,000 versus a total put value of 192,265,000,000 Combined total value = 192,268,750,000
Strike 1050 has a total call value of 5,625,000 versus a total put value of 172,719,375,000 Combined total value = 172,725,000,000
Strike 1060 has a total call value of 11,250,000 versus a total put value of 154,323,750,000 Combined total value = 154,335,000,000
Strike 1070 has a total call value of 19,375,000 versus a total put value of 136,746,875,000 Combined total value = 136,766,250,000
Strike 1080 has a total call value of 29,375,000 versus a total put value of 119,460,000,000 Combined total value = 119,489,375,000
Strike 1090 has a total call value of 78,750,000 versus a total put value of 103,036,250,000 Combined total value = 103,115,000,000
Strike 1100 has a total call value of 138,125,000 versus a total put value of 87,033,125,000 Combined total value = 87,171,250,000
Strike 1110 has a total call value of 553,125,000 versus a total put value of 74,710,000,000 Combined total value = 75,263,125,000
Strike 1120 has a total call value of 1,013,125,000 versus a total put value of 62,855,000,000 Combined total value = 63,868,125,000
Strike 1130 has a total call value of 1,660,000,000 versus a total put value of 51,928,750,000 Combined total value = 53,588,750,000
Strike 1140 has a total call value of 2,811,250,000 versus a total put value of 42,259,375,000 Combined total value = 45,070,625,000
Strike 1150 has a total call value of 5,022,500,000 versus a total put value of 34,082,500,000 Combined total value = 39,105,000,000
Strike 1160 has a total call value of 8,760,000,000 versus a total put value of 28,316,250,000 Combined total value = 37,076,250,000
Strike 1170 has a total call value of 14,046,875,000 versus a total put value of 23,346,875,000 Combined total value = 37,393,750,000
Strike 1180 has a total call value of 20,524,375,000 versus a total put value of 18,813,125,000 Combined total value = 39,337,500,000
Strike 1190 has a total call value of 28,895,625,000 versus a total put value of 15,074,375,000 Combined total value = 43,970,000,000
Strike 1200 has a total call value of 38,083,125,000 versus a total put value of 11,505,625,000 Combined total value = 49,588,750,000
Strike 1210 has a total call value of 50,290,625,000 versus a total put value of 9,032,500,000 Combined total value = 59,323,125,000
Strike 1220 has a total call value of 62,986,875,000 versus a total put value of 6,820,625,000 Combined total value = 69,807,500,000
Strike 1230 has a total call value of 77,065,000,000 versus a total put value of 4,929,375,000 Combined total value = 81,994,375,000
Strike 1240 has a total call value of 92,085,625,000 versus a total put value of 3,311,875,000 Combined total value = 95,397,500,000
Strike 1250 has a total call value of 108,361,250,000 versus a total put value of 1,970,000,000 Combined total value = 110,331,250,000
Strike 1260 has a total call value of 126,626,250,000 versus a total put value of 1,316,875,000 Combined total value = 127,943,125,000
Strike 1270 has a total call value of 147,495,625,000 versus a total put value of 956,250,000 Combined total value = 148,451,875,000
Strike 1280 has a total call value of 169,183,125,000 versus a total put value of 595,625,000 Combined total value = 169,778,750,000
Strike 1290 has a total call value of 193,116,250,000 versus a total put value of 235,000,000 Combined total value = 193,351,250,000
Strike 1300 has a total call value of 217,430,000,000 versus a total put value of 0 Combined total value = 217,430,000,000
Strike 1310 has a total call value of 244,745,625,000 versus a total put value of 0 Combined total value = 244,745,625,000
Strike 1320 has a total call value of 272,202,500,000 versus a total put value of 0 Combined total value = 272,202,500,000
Strike 1330 has a total call value of 299,976,250,000 versus a total put value of 0 Combined total value = 299,976,250,000
Strike 1340 has a total call value of 327,920,000,000 versus a total put value of 0 Combined total value = 327,920,000,000
Strike 1350 has a total call value of 356,006,875,000 versus a total put value of 0 Combined total value = 356,006,875,000
Strike 1360 has a total call value of 384,451,250,000 versus a total put value of 0 Combined total value = 384,451,250,000
Strike 1370 has a total call value of 413,085,625,000 versus a total put value of 0 Combined total value = 413,085,625,000
Strike 1380 has a total call value of 441,720,000,000 versus a total put value of 0 Combined total value = 441,720,000,000
Strike 1390 has a total call value of 470,463,125,000 versus a total put value of 0 Combined total value = 470,463,125,000
Strike 1400 has a total call value of 499,206,250,000 versus a total put value of 0 Combined total value = 499,206,250,000
Strike 1410 has a total call value of 528,231,250,000 versus a total put value of 0 Combined total value = 528,231,250,000
Strike 1420 has a total call value of 557,256,250,000 versus a total put value of 0 Combined total value = 557,256,250,000
Strike 1430 has a total call value of 586,479,375,000 versus a total put value of 0 Combined total value = 586,479,375,000
Strike 1440 has a total call value of 615,702,500,000 versus a total put value of 0 Combined total value = 615,702,500,000
Strike 1450 has a total call value of 645,063,125,000 versus a total put value of 0 Combined total value = 645,063,125,000
Strike 1460 has a total call value of 674,423,750,000 versus a total put value of 0 Combined total value = 674,423,750,000
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.