AXISBANK
Axis Bank Limited
Max pain for AXISBANK
18 Oct 2024 10:44 AM IST
Max Pain for AXISBANK is 1180
Strike 980 has a total call value of 0 versus a total put value of 328,639,375,000 Combined total value = 328,639,375,000
Strike 990 has a total call value of 0 versus a total put value of 309,094,375,000 Combined total value = 309,094,375,000
Strike 1000 has a total call value of 0 versus a total put value of 289,549,375,000 Combined total value = 289,549,375,000
Strike 1010 has a total call value of 0 versus a total put value of 270,464,375,000 Combined total value = 270,464,375,000
Strike 1020 has a total call value of 0 versus a total put value of 251,379,375,000 Combined total value = 251,379,375,000
Strike 1030 has a total call value of 0 versus a total put value of 232,401,875,000 Combined total value = 232,401,875,000
Strike 1040 has a total call value of 0 versus a total put value of 213,478,750,000 Combined total value = 213,478,750,000
Strike 1050 has a total call value of 0 versus a total put value of 194,817,500,000 Combined total value = 194,817,500,000
Strike 1060 has a total call value of 3,125,000 versus a total put value of 176,612,500,000 Combined total value = 176,615,625,000
Strike 1070 has a total call value of 6,250,000 versus a total put value of 158,932,500,000 Combined total value = 158,938,750,000
Strike 1080 has a total call value of 11,875,000 versus a total put value of 141,455,000,000 Combined total value = 141,466,875,000
Strike 1090 has a total call value of 56,875,000 versus a total put value of 124,481,250,000 Combined total value = 124,538,125,000
Strike 1100 has a total call value of 111,250,000 versus a total put value of 107,838,125,000 Combined total value = 107,949,375,000
Strike 1110 has a total call value of 373,125,000 versus a total put value of 93,396,875,000 Combined total value = 93,770,000,000
Strike 1120 has a total call value of 670,625,000 versus a total put value of 79,325,000,000 Combined total value = 79,995,625,000
Strike 1130 has a total call value of 1,060,625,000 versus a total put value of 65,936,250,000 Combined total value = 66,996,875,000
Strike 1140 has a total call value of 1,686,250,000 versus a total put value of 53,694,375,000 Combined total value = 55,380,625,000
Strike 1150 has a total call value of 2,988,750,000 versus a total put value of 42,768,750,000 Combined total value = 45,757,500,000
Strike 1160 has a total call value of 5,178,125,000 versus a total put value of 33,709,375,000 Combined total value = 38,887,500,000
Strike 1170 has a total call value of 8,145,000,000 versus a total put value of 26,504,375,000 Combined total value = 34,649,375,000
Strike 1180 has a total call value of 11,955,625,000 versus a total put value of 20,746,875,000 Combined total value = 32,702,500,000
Strike 1190 has a total call value of 17,728,750,000 versus a total put value of 16,555,000,000 Combined total value = 34,283,750,000
Strike 1200 has a total call value of 24,553,125,000 versus a total put value of 12,901,250,000 Combined total value = 37,454,375,000
Strike 1210 has a total call value of 34,916,250,000 versus a total put value of 10,284,375,000 Combined total value = 45,200,625,000
Strike 1220 has a total call value of 45,908,125,000 versus a total put value of 7,921,875,000 Combined total value = 53,830,000,000
Strike 1230 has a total call value of 58,367,500,000 versus a total put value of 5,863,750,000 Combined total value = 64,231,250,000
Strike 1240 has a total call value of 71,644,375,000 versus a total put value of 4,033,750,000 Combined total value = 75,678,125,000
Strike 1250 has a total call value of 86,204,375,000 versus a total put value of 2,442,500,000 Combined total value = 88,646,875,000
Strike 1260 has a total call value of 102,865,625,000 versus a total put value of 1,511,875,000 Combined total value = 104,377,500,000
Strike 1270 has a total call value of 122,131,250,000 versus a total put value of 866,250,000 Combined total value = 122,997,500,000
Strike 1280 has a total call value of 142,286,875,000 versus a total put value of 465,000,000 Combined total value = 142,751,875,000
Strike 1290 has a total call value of 164,691,250,000 versus a total put value of 232,500,000 Combined total value = 164,923,750,000
Strike 1300 has a total call value of 187,447,500,000 versus a total put value of 0 Combined total value = 187,447,500,000
Strike 1310 has a total call value of 213,326,875,000 versus a total put value of 0 Combined total value = 213,326,875,000
Strike 1320 has a total call value of 239,381,250,000 versus a total put value of 0 Combined total value = 239,381,250,000
Strike 1330 has a total call value of 265,756,250,000 versus a total put value of 0 Combined total value = 265,756,250,000
Strike 1340 has a total call value of 292,302,500,000 versus a total put value of 0 Combined total value = 292,302,500,000
Strike 1350 has a total call value of 318,990,000,000 versus a total put value of 0 Combined total value = 318,990,000,000
Strike 1360 has a total call value of 346,036,875,000 versus a total put value of 0 Combined total value = 346,036,875,000
Strike 1370 has a total call value of 373,275,625,000 versus a total put value of 0 Combined total value = 373,275,625,000
Strike 1380 has a total call value of 400,600,000,000 versus a total put value of 0 Combined total value = 400,600,000,000
Strike 1390 has a total call value of 428,032,500,000 versus a total put value of 0 Combined total value = 428,032,500,000
Strike 1400 has a total call value of 455,512,500,000 versus a total put value of 0 Combined total value = 455,512,500,000
Strike 1410 has a total call value of 483,245,000,000 versus a total put value of 0 Combined total value = 483,245,000,000
Strike 1420 has a total call value of 510,977,500,000 versus a total put value of 0 Combined total value = 510,977,500,000
Strike 1430 has a total call value of 538,908,125,000 versus a total put value of 0 Combined total value = 538,908,125,000
Strike 1440 has a total call value of 566,838,750,000 versus a total put value of 0 Combined total value = 566,838,750,000
Strike 1450 has a total call value of 594,906,875,000 versus a total put value of 0 Combined total value = 594,906,875,000
Strike 1460 has a total call value of 622,975,000,000 versus a total put value of 0 Combined total value = 622,975,000,000
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.