AXISBANK
AXIS BANK LIMITED
Max pain for AXISBANK
18 Apr 2024 06:50 PM IST
Max Pain for AXISBANK is 1050
Strike 880 has a total call value of 0 versus a total put value of 135,490,625,000 Combined total value = 135,490,625,000
Strike 890 has a total call value of 12,500,000 versus a total put value of 125,926,875,000 Combined total value = 125,939,375,000
Strike 900 has a total call value of 25,000,000 versus a total put value of 116,363,125,000 Combined total value = 116,388,125,000
Strike 910 has a total call value of 38,125,000 versus a total put value of 107,191,250,000 Combined total value = 107,229,375,000
Strike 920 has a total call value of 51,250,000 versus a total put value of 98,019,375,000 Combined total value = 98,070,625,000
Strike 930 has a total call value of 64,375,000 versus a total put value of 89,035,625,000 Combined total value = 89,100,000,000
Strike 940 has a total call value of 77,500,000 versus a total put value of 80,163,750,000 Combined total value = 80,241,250,000
Strike 950 has a total call value of 90,625,000 versus a total put value of 71,443,125,000 Combined total value = 71,533,750,000
Strike 960 has a total call value of 110,625,000 versus a total put value of 63,260,625,000 Combined total value = 63,371,250,000
Strike 970 has a total call value of 135,625,000 versus a total put value of 55,348,125,000 Combined total value = 55,483,750,000
Strike 980 has a total call value of 164,375,000 versus a total put value of 47,707,500,000 Combined total value = 47,871,875,000
Strike 990 has a total call value of 200,000,000 versus a total put value of 40,486,250,000 Combined total value = 40,686,250,000
Strike 1000 has a total call value of 261,875,000 versus a total put value of 33,472,500,000 Combined total value = 33,734,375,000
Strike 1010 has a total call value of 636,250,000 versus a total put value of 27,435,000,000 Combined total value = 28,071,250,000
Strike 1020 has a total call value of 1,082,500,000 versus a total put value of 21,692,500,000 Combined total value = 22,775,000,000
Strike 1030 has a total call value of 1,940,000,000 versus a total put value of 16,640,625,000 Combined total value = 18,580,625,000
Strike 1040 has a total call value of 3,484,375,000 versus a total put value of 12,154,375,000 Combined total value = 15,638,750,000
Strike 1050 has a total call value of 6,488,750,000 versus a total put value of 8,464,375,000 Combined total value = 14,953,125,000
Strike 1060 has a total call value of 11,555,000,000 versus a total put value of 5,790,625,000 Combined total value = 17,345,625,000
Strike 1070 has a total call value of 19,093,125,000 versus a total put value of 4,075,000,000 Combined total value = 23,168,125,000
Strike 1080 has a total call value of 27,893,125,000 versus a total put value of 2,681,250,000 Combined total value = 30,574,375,000
Strike 1090 has a total call value of 38,246,875,000 versus a total put value of 1,879,375,000 Combined total value = 40,126,250,000
Strike 1100 has a total call value of 49,805,625,000 versus a total put value of 1,206,250,000 Combined total value = 51,011,875,000
Strike 1110 has a total call value of 65,428,750,000 versus a total put value of 844,375,000 Combined total value = 66,273,125,000
Strike 1120 has a total call value of 81,830,625,000 versus a total put value of 575,625,000 Combined total value = 82,406,250,000
Strike 1130 has a total call value of 98,946,250,000 versus a total put value of 423,750,000 Combined total value = 99,370,000,000
Strike 1140 has a total call value of 116,271,875,000 versus a total put value of 271,875,000 Combined total value = 116,543,750,000
Strike 1150 has a total call value of 133,820,625,000 versus a total put value of 131,250,000 Combined total value = 133,951,875,000
Strike 1160 has a total call value of 152,030,625,000 versus a total put value of 105,000,000 Combined total value = 152,135,625,000
Strike 1170 has a total call value of 170,585,000,000 versus a total put value of 78,750,000 Combined total value = 170,663,750,000
Strike 1180 has a total call value of 189,226,875,000 versus a total put value of 52,500,000 Combined total value = 189,279,375,000
Strike 1190 has a total call value of 208,056,250,000 versus a total put value of 26,250,000 Combined total value = 208,082,500,000
Strike 1200 has a total call value of 227,128,750,000 versus a total put value of 0 Combined total value = 227,128,750,000
Strike 1210 has a total call value of 246,883,125,000 versus a total put value of 0 Combined total value = 246,883,125,000
Strike 1220 has a total call value of 266,716,875,000 versus a total put value of 0 Combined total value = 266,716,875,000
Strike 1230 has a total call value of 286,685,000,000 versus a total put value of 0 Combined total value = 286,685,000,000
Strike 1240 has a total call value of 306,653,125,000 versus a total put value of 0 Combined total value = 306,653,125,000
Strike 1250 has a total call value of 326,648,750,000 versus a total put value of 0 Combined total value = 326,648,750,000
Strike 1260 has a total call value of 346,644,375,000 versus a total put value of 0 Combined total value = 346,644,375,000
Strike 1270 has a total call value of 366,640,000,000 versus a total put value of 0 Combined total value = 366,640,000,000
Strike 1280 has a total call value of 386,635,625,000 versus a total put value of 0 Combined total value = 386,635,625,000
Max Pain - Choose a symbol
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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.