AXISBANK
Axis Bank Limited
Max pain for AXISBANK
21 Sep 2025 04:13 PM IST
Max Pain for AXISBANK is 1100
Strike 900 has a total call value of 0 versus a total put value of 253,098,125,000 Combined total value = 253,098,125,000
Strike 910 has a total call value of 0 versus a total put value of 239,236,875,000 Combined total value = 239,236,875,000
Strike 920 has a total call value of 0 versus a total put value of 225,375,625,000 Combined total value = 225,375,625,000
Strike 930 has a total call value of 0 versus a total put value of 211,522,500,000 Combined total value = 211,522,500,000
Strike 940 has a total call value of 0 versus a total put value of 197,669,375,000 Combined total value = 197,669,375,000
Strike 950 has a total call value of 0 versus a total put value of 183,882,500,000 Combined total value = 183,882,500,000
Strike 960 has a total call value of 0 versus a total put value of 170,095,625,000 Combined total value = 170,095,625,000
Strike 970 has a total call value of 0 versus a total put value of 156,427,500,000 Combined total value = 156,427,500,000
Strike 980 has a total call value of 0 versus a total put value of 142,845,000,000 Combined total value = 142,845,000,000
Strike 990 has a total call value of 0 versus a total put value of 129,323,750,000 Combined total value = 129,323,750,000
Strike 1000 has a total call value of 0 versus a total put value of 115,962,500,000 Combined total value = 115,962,500,000
Strike 1010 has a total call value of 75,625,000 versus a total put value of 103,108,750,000 Combined total value = 103,184,375,000
Strike 1020 has a total call value of 151,250,000 versus a total put value of 90,431,875,000 Combined total value = 90,583,125,000
Strike 1030 has a total call value of 226,875,000 versus a total put value of 78,095,625,000 Combined total value = 78,322,500,000
Strike 1040 has a total call value of 302,500,000 versus a total put value of 66,390,000,000 Combined total value = 66,692,500,000
Strike 1050 has a total call value of 565,625,000 versus a total put value of 55,406,875,000 Combined total value = 55,972,500,000
Strike 1060 has a total call value of 1,131,250,000 versus a total put value of 45,491,250,000 Combined total value = 46,622,500,000
Strike 1070 has a total call value of 2,096,875,000 versus a total put value of 36,447,500,000 Combined total value = 38,544,375,000
Strike 1080 has a total call value of 3,746,875,000 versus a total put value of 28,018,125,000 Combined total value = 31,765,000,000
Strike 1090 has a total call value of 6,770,000,000 versus a total put value of 20,691,250,000 Combined total value = 27,461,250,000
Strike 1100 has a total call value of 10,525,000,000 versus a total put value of 14,420,000,000 Combined total value = 24,945,000,000
Strike 1110 has a total call value of 16,070,625,000 versus a total put value of 10,293,125,000 Combined total value = 26,363,750,000
Strike 1120 has a total call value of 22,015,625,000 versus a total put value of 6,841,875,000 Combined total value = 28,857,500,000
Strike 1130 has a total call value of 30,432,500,000 versus a total put value of 4,619,375,000 Combined total value = 35,051,875,000
Strike 1140 has a total call value of 39,709,375,000 versus a total put value of 3,216,250,000 Combined total value = 42,925,625,000
Strike 1150 has a total call value of 50,547,500,000 versus a total put value of 2,278,750,000 Combined total value = 52,826,250,000
Strike 1160 has a total call value of 62,706,250,000 versus a total put value of 1,755,625,000 Combined total value = 64,461,875,000
Strike 1170 has a total call value of 75,310,000,000 versus a total put value of 1,344,375,000 Combined total value = 76,654,375,000
Strike 1180 has a total call value of 88,395,000,000 versus a total put value of 980,625,000 Combined total value = 89,375,625,000
Strike 1190 has a total call value of 102,315,625,000 versus a total put value of 649,375,000 Combined total value = 102,965,000,000
Strike 1200 has a total call value of 117,223,750,000 versus a total put value of 318,125,000 Combined total value = 117,541,875,000
Strike 1210 has a total call value of 133,333,125,000 versus a total put value of 259,375,000 Combined total value = 133,592,500,000
Strike 1220 has a total call value of 149,493,125,000 versus a total put value of 200,625,000 Combined total value = 149,693,750,000
Strike 1230 has a total call value of 165,803,125,000 versus a total put value of 150,000,000 Combined total value = 165,953,125,000
Strike 1240 has a total call value of 182,113,125,000 versus a total put value of 100,000,000 Combined total value = 182,213,125,000
Strike 1250 has a total call value of 198,507,500,000 versus a total put value of 50,000,000 Combined total value = 198,557,500,000
Strike 1260 has a total call value of 214,901,875,000 versus a total put value of 0 Combined total value = 214,901,875,000
Strike 1270 has a total call value of 231,305,000,000 versus a total put value of 0 Combined total value = 231,305,000,000
Strike 1280 has a total call value of 247,708,125,000 versus a total put value of 0 Combined total value = 247,708,125,000
Strike 1290 has a total call value of 264,111,250,000 versus a total put value of 0 Combined total value = 264,111,250,000
Strike 1300 has a total call value of 280,514,375,000 versus a total put value of 0 Combined total value = 280,514,375,000
Strike 1310 has a total call value of 297,033,750,000 versus a total put value of 0 Combined total value = 297,033,750,000
Strike 1320 has a total call value of 313,553,125,000 versus a total put value of 0 Combined total value = 313,553,125,000
Strike 1330 has a total call value of 330,072,500,000 versus a total put value of 0 Combined total value = 330,072,500,000
Strike 1340 has a total call value of 346,591,875,000 versus a total put value of 0 Combined total value = 346,591,875,000
Strike 1350 has a total call value of 363,111,250,000 versus a total put value of 0 Combined total value = 363,111,250,000
Strike 1360 has a total call value of 379,630,625,000 versus a total put value of 0 Combined total value = 379,630,625,000
Strike 1370 has a total call value of 396,150,000,000 versus a total put value of 0 Combined total value = 396,150,000,000
Strike 1380 has a total call value of 412,669,375,000 versus a total put value of 0 Combined total value = 412,669,375,000
Strike 1390 has a total call value of 429,188,750,000 versus a total put value of 0 Combined total value = 429,188,750,000
Strike 1400 has a total call value of 445,708,125,000 versus a total put value of 0 Combined total value = 445,708,125,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1050.4 | 1100 |
| ABB | 5362.8 | 5300 |
| ABCAPITAL | 288.15 | 290 |
| ADANIENSOL | 937.4 | 860 |
| ADANIENT | 2629.5 | 2500 |
| ADANIGREEN | 1152.15 | 1000 |
| ADANIPORTS | 1444.2 | 1400 |
| ALKEM | 5495 | 5500 |
| AMBER | 8310.5 | 8000 |
| AMBUJACEM | 590.3 | 585 |
| ANGELONE | 2248 | 2300 |
| APLAPOLLO | 1679.3 | 1680 |
| APOLLOHOSP | 7739 | 7800 |
| ASHOKLEY | 139.42 | 135 |
| ASIANPAINT | 2482.7 | 2500 |
| ASTRAL | 1438.4 | 1440 |
| AUBANK | 706.05 | 710 |
| AUROPHARMA | 1117.4 | 1100 |
| AXISBANK | 1144.4 | 1100 |
| BAJAJ-AUTO | 9054.5 | 9100 |
| BAJAJFINSV | 2069.5 | 2040 |
| BAJFINANCE | 1006.5 | 980 |
| BANDHANBNK | 163.19 | 165 |
| BANKBARODA | 251.14 | 245 |
| BANKINDIA | 120.53 | 117.5 |
| BDL | 1627.7 | 1550 |
| BEL | 406.4 | 400 |
| BHARATFORG | 1256 | 1220 |
| BHARTIARTL | 1956.2 | 1920 |
| BHEL | 239.6 | 230 |
| BIOCON | 362.15 | 365 |
| BLUESTARCO | 1996.8 | 1920 |
| BOSCHLTD | 39570 | 40000 |
| BPCL | 325.4 | 325 |
| BRITANNIA | 6056.5 | 6100 |
| BSE | 2156.2 | 2200 |
| CAMS | 4014 | 4000 |
| CANBK | 118.87 | 115 |
| CDSL | 1558.5 | 1580 |
| CGPOWER | 770.2 | 760 |
| CHOLAFIN | 1630 | 1540 |
| CIPLA | 1542.2 | 1560 |
| COALINDIA | 394.7 | 390 |
| COFORGE | 1716.9 | 1740 |
| COLPAL | 2344.8 | 2360 |
| CONCOR | 550.15 | 560 |
| CROMPTON | 308.75 | 320 |
| CUMMINSIND | 3990.1 | 4000 |
| CYIENT | 1194.8 | 1240 |
| DABUR | 522.05 | 540 |
| DALBHARAT | 2378.5 | 2400 |
| DELHIVERY | 467.9 | 475 |
| DIVISLAB | 6092.5 | 6100 |
| DIXON | 18082 | 18000 |
| DLF | 773.75 | 780 |
| DMART | 4671.2 | 4700 |
| DRREDDY | 1301.4 | 1300 |
| EICHERMOT | 6946 | 6700 |
| ETERNAL | 341.85 | 330 |
| EXIDEIND | 403.85 | 415 |
| FEDERALBNK | 195 | 197.5 |
| FORTIS | 966.25 | 950 |
| GAIL | 180.95 | 180 |
| GLENMARK | 2017.8 | 2060 |
| GMRAIRPORT | 91.17 | 90 |
| GODREJCP | 1232.2 | 1240 |
| GODREJPROP | 2103.7 | 2050 |
| GRASIM | 2854.1 | 2820 |
| HAL | 4808.7 | 4800 |
| HAVELLS | 1581.3 | 1600 |
| HCLTECH | 1439.9 | 1480 |
| HDFCAMC | 5827.5 | 5800 |
| HDFCBANK | 964.2 | 970 |
| HDFCLIFE | 787.8 | 780 |
| HEROMOTOCO | 5429.5 | 5350 |
| HFCL | 74.85 | 75 |
| HINDALCO | 745.7 | 740 |
| HINDPETRO | 412.75 | 405 |
| HINDUNILVR | 2572.2 | 2600 |
| HINDZINC | 459.25 | 450 |
| HUDCO | 239.96 | 225 |
| ICICIBANK | 1401.5 | 1410 |
| ICICIGI | 1886.3 | 1880 |
| ICICIPRULI | 609.5 | 610 |
| IDEA | 8.39 | 8 |
| IDFCFIRSTB | 70.92 | 72 |
| IEX | 146.09 | 147.5 |
| IGL | 211.56 | 215 |
| IIFL | 450.1 | 450 |
| INDHOTEL | 769.4 | 780 |
| INDIANB | 704.55 | 690 |
| INDIGO | 5747.5 | 5700 |
| INDUSINDBK | 734.3 | 750 |
| INDUSTOWER | 356 | 350 |
| INFY | 1499.5 | 1500 |
| INOXWIND | 152.43 | 150 |
| IOC | 148.3 | 145 |
| IRCTC | 727.1 | 730 |
| IREDA | 159.06 | 150 |
| IRFC | 128.54 | 127.5 |
| ITC | 406.95 | 410 |
| JINDALSTEL | 1032.45 | 1030 |
| JIOFIN | 313.85 | 320 |
| JSWENERGY | 542.95 | 530 |
| JSWSTEEL | 1117 | 1100 |
| JUBLFOOD | 622.8 | 630 |
| KALYANKJIL | 505.25 | 520 |
| KAYNES | 7083.5 | 7000 |
| KEI | 4131.4 | 4150 |
| KFINTECH | 1093.9 | 1150 |
| KOTAKBANK | 2021.7 | 2000 |
| KPITTECH | 1262.4 | 1280 |
| LAURUSLABS | 903.8 | 910 |
| LICHSGFIN | 587.3 | 580 |
| LICI | 904.5 | 890 |
| LODHA | 1212.3 | 1200 |
| LT | 3644.5 | 3600 |
| LTF | 248.09 | 240 |
| LTIM | 5260 | 5300 |
| LUPIN | 2004.4 | 2020 |
| M&M | 3584.8 | 3550 |
| MANAPPURAM | 293.9 | 285 |
| MANKIND | 2594.9 | 2600 |
| MARICO | 716.85 | 720 |
| MARUTI | 15816 | 15200 |
| MAXHEALTH | 1171.6 | 1160 |
| MAZDOCK | 2976.4 | 2900 |
| MCX | 7989.5 | 7900 |
| MFSL | 1556.7 | 1560 |
| MOTHERSON | 109.95 | 105 |
| MPHASIS | 2852.4 | 3000 |
| MUTHOOTFIN | 3047.6 | 2950 |
| NATIONALUM | 210.94 | 210 |
| NAUKRI | 1417.7 | 1380 |
| NBCC | 114.95 | 107.5 |
| NCC | 213.93 | 215 |
| NESTLEIND | 1188.3 | 1190 |
| NHPC | 87.73 | 85 |
| NMDC | 76.86 | 75 |
| NTPC | 339.2 | 335 |
| NUVAMA | 6280.5 | 6400 |
| NYKAA | 242.4 | 240 |
| OBEROIRLTY | 1673.9 | 1660 |
| OFSS | 9056.5 | 9100 |
| OIL | 409.25 | 400 |
| ONGC | 237.47 | 235 |
| PAGEIND | 43405 | 44000 |
| PATANJALI | 597.4 | 600 |
| PAYTM | 1196.2 | 1200 |
| PERSISTENT | 5271 | 5400 |
| PETRONET | 275.9 | 285 |
| PFC | 408.85 | 410 |
| PGEL | 561 | 560 |
| PHOENIXLTD | 1638.3 | 1580 |
| PIDILITIND | 3038 | 3080 |
| PIIND | 3668.9 | 3750 |
| PNB | 113.04 | 111 |
| PNBHOUSING | 859.05 | 840 |
| POLICYBZR | 1796.6 | 1800 |
| POLYCAB | 7657 | 7400 |
| POWERGRID | 286.65 | 290 |
| PPLPHARMA | 202.71 | 205 |
| PRESTIGE | 1617.4 | 1600 |
| RBLBANK | 269.7 | 260 |
| RECLTD | 384 | 380 |
| RELIANCE | 1390.6 | 1400 |
| RVNL | 358.9 | 350 |
| SAIL | 135.49 | 132.5 |
| SBICARD | 869.05 | 870 |
| SBILIFE | 1857.7 | 1840 |
| SBIN | 855.25 | 840 |
| SHREECEM | 29705 | 29750 |
| SHRIRAMFIN | 627.85 | 620 |
| SIEMENS | 3243.5 | 3250 |
| SOLARINDS | 14464 | 14500 |
| SONACOMS | 420.6 | 440 |
| SRF | 2914 | 2950 |
| SUNPHARMA | 1644 | 1600 |
| SUPREMEIND | 4371.9 | 4500 |
| SUZLON | 59.93 | 59 |
| SYNGENE | 655.3 | 660 |
| TATACHEM | 973.95 | 990 |
| TATACONSUM | 1130.1 | 1110 |
| TATAELXSI | 5607 | 5700 |
| TATAMOTORS | 696.25 | 710 |
| TATAPOWER | 395.3 | 395 |
| TATASTEEL | 171.39 | 170 |
| TATATECH | 702.25 | 710 |
| TCS | 3073.8 | 3120 |
| TECHM | 1505.4 | 1520 |
| TIINDIA | 3350.1 | 3300 |
| TITAGARH | 933.9 | 920 |
| TITAN | 3457.5 | 3550 |
| TORNTPHARM | 3655.9 | 3600 |
| TORNTPOWER | 1268.6 | 1280 |
| TRENT | 5010.5 | 5200 |
| TVSMOTOR | 3525.6 | 3400 |
| ULTRACEMCO | 12650 | 12600 |
| UNIONBANK | 138.81 | 137.5 |
| UNITDSPR | 1339.9 | 1320 |
| UNOMINDA | 1312.7 | 1300 |
| UPL | 682.8 | 700 |
| VBL | 463.95 | 480 |
| VEDL | 458.45 | 450 |
| VOLTAS | 1376.2 | 1400 |
| WIPRO | 250.33 | 250 |
| YESBANK | 21.21 | 20 |
| ZYDUSLIFE | 1035.7 | 1030 |
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.
