AXISBANK
AXIS BANK LIMITED
Max pain for AXISBANK
25 Apr 2024 09:17 AM IST
Max Pain for AXISBANK is 1050
Strike 940 has a total call value of 0 versus a total put value of 80,600,625,000 Combined total value = 80,600,625,000
Strike 950 has a total call value of 0 versus a total put value of 71,456,875,000 Combined total value = 71,456,875,000
Strike 960 has a total call value of 0 versus a total put value of 62,845,000,000 Combined total value = 62,845,000,000
Strike 970 has a total call value of 0 versus a total put value of 54,693,125,000 Combined total value = 54,693,125,000
Strike 980 has a total call value of 0 versus a total put value of 46,656,250,000 Combined total value = 46,656,250,000
Strike 990 has a total call value of 0 versus a total put value of 39,058,125,000 Combined total value = 39,058,125,000
Strike 1000 has a total call value of 0 versus a total put value of 31,611,250,000 Combined total value = 31,611,250,000
Strike 1010 has a total call value of 586,875,000 versus a total put value of 25,343,125,000 Combined total value = 25,930,000,000
Strike 1020 has a total call value of 1,343,125,000 versus a total put value of 19,560,625,000 Combined total value = 20,903,750,000
Strike 1030 has a total call value of 2,332,500,000 versus a total put value of 14,464,375,000 Combined total value = 16,796,875,000
Strike 1040 has a total call value of 3,587,500,000 versus a total put value of 9,881,250,000 Combined total value = 13,468,750,000
Strike 1050 has a total call value of 6,160,000,000 versus a total put value of 6,383,125,000 Combined total value = 12,543,125,000
Strike 1060 has a total call value of 9,856,250,000 versus a total put value of 4,047,500,000 Combined total value = 13,903,750,000
Strike 1070 has a total call value of 15,136,250,000 versus a total put value of 2,571,250,000 Combined total value = 17,707,500,000
Strike 1080 has a total call value of 21,846,875,000 versus a total put value of 1,561,250,000 Combined total value = 23,408,125,000
Strike 1090 has a total call value of 29,689,375,000 versus a total put value of 1,062,500,000 Combined total value = 30,751,875,000
Strike 1100 has a total call value of 38,325,000,000 versus a total put value of 680,000,000 Combined total value = 39,005,000,000
Strike 1110 has a total call value of 49,742,500,000 versus a total put value of 451,875,000 Combined total value = 50,194,375,000
Strike 1120 has a total call value of 61,663,750,000 versus a total put value of 285,000,000 Combined total value = 61,948,750,000
Strike 1130 has a total call value of 74,335,000,000 versus a total put value of 190,000,000 Combined total value = 74,525,000,000
Strike 1140 has a total call value of 87,273,125,000 versus a total put value of 95,000,000 Combined total value = 87,368,125,000
Strike 1150 has a total call value of 100,473,125,000 versus a total put value of 0 Combined total value = 100,473,125,000
Strike 1160 has a total call value of 113,975,625,000 versus a total put value of 0 Combined total value = 113,975,625,000
Strike 1170 has a total call value of 127,786,875,000 versus a total put value of 0 Combined total value = 127,786,875,000
Strike 1180 has a total call value of 141,642,500,000 versus a total put value of 0 Combined total value = 141,642,500,000
Strike 1190 has a total call value of 155,598,125,000 versus a total put value of 0 Combined total value = 155,598,125,000
Strike 1200 has a total call value of 169,777,500,000 versus a total put value of 0 Combined total value = 169,777,500,000
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.