BAJAJ-AUTO
Bajaj Auto Limited
Max pain for BAJAJ-AUTO
22 Oct 2024 04:11 PM IST
Max Pain for BAJAJ-AUTO is 10500
Strike 8600 has a total call value of 0 versus a total put value of 417,402,000,000 Combined total value = 417,402,000,000
Strike 8700 has a total call value of 0 versus a total put value of 392,982,750,000 Combined total value = 392,982,750,000
Strike 8800 has a total call value of 0 versus a total put value of 368,563,500,000 Combined total value = 368,563,500,000
Strike 8900 has a total call value of 0 versus a total put value of 344,278,500,000 Combined total value = 344,278,500,000
Strike 9000 has a total call value of 0 versus a total put value of 319,993,500,000 Combined total value = 319,993,500,000
Strike 9100 has a total call value of 0 versus a total put value of 296,867,250,000 Combined total value = 296,867,250,000
Strike 9200 has a total call value of 0 versus a total put value of 273,870,750,000 Combined total value = 273,870,750,000
Strike 9300 has a total call value of 51,000,000 versus a total put value of 252,249,750,000 Combined total value = 252,300,750,000
Strike 9400 has a total call value of 102,000,000 versus a total put value of 230,958,000,000 Combined total value = 231,060,000,000
Strike 9500 has a total call value of 192,000,000 versus a total put value of 210,263,250,000 Combined total value = 210,455,250,000
Strike 9600 has a total call value of 298,500,000 versus a total put value of 191,661,000,000 Combined total value = 191,959,500,000
Strike 9700 has a total call value of 405,000,000 versus a total put value of 173,499,000,000 Combined total value = 173,904,000,000
Strike 9800 has a total call value of 525,750,000 versus a total put value of 155,813,250,000 Combined total value = 156,339,000,000
Strike 9900 has a total call value of 822,000,000 versus a total put value of 139,300,500,000 Combined total value = 140,122,500,000
Strike 10000 has a total call value of 1,293,750,000 versus a total put value of 124,075,500,000 Combined total value = 125,369,250,000
Strike 10100 has a total call value of 2,351,250,000 versus a total put value of 111,185,250,000 Combined total value = 113,536,500,000
Strike 10200 has a total call value of 3,724,500,000 versus a total put value of 98,979,750,000 Combined total value = 102,704,250,000
Strike 10300 has a total call value of 5,787,750,000 versus a total put value of 88,088,250,000 Combined total value = 93,876,000,000
Strike 10400 has a total call value of 9,015,000,000 versus a total put value of 78,420,750,000 Combined total value = 87,435,750,000
Strike 10500 has a total call value of 13,822,500,000 versus a total put value of 69,811,500,000 Combined total value = 83,634,000,000
Strike 10600 has a total call value of 22,635,000,000 versus a total put value of 62,196,000,000 Combined total value = 84,831,000,000
Strike 10700 has a total call value of 33,495,750,000 versus a total put value of 54,985,500,000 Combined total value = 88,481,250,000
Strike 10800 has a total call value of 47,249,250,000 versus a total put value of 48,257,250,000 Combined total value = 95,506,500,000
Strike 10900 has a total call value of 64,134,750,000 versus a total put value of 42,085,500,000 Combined total value = 106,220,250,000
Strike 11000 has a total call value of 82,443,750,000 versus a total put value of 36,180,000,000 Combined total value = 118,623,750,000
Strike 11100 has a total call value of 108,821,250,000 versus a total put value of 31,166,250,000 Combined total value = 139,987,500,000
Strike 11200 has a total call value of 136,787,250,000 versus a total put value of 26,408,250,000 Combined total value = 163,195,500,000
Strike 11300 has a total call value of 166,788,750,000 versus a total put value of 22,303,500,000 Combined total value = 189,092,250,000
Strike 11400 has a total call value of 198,669,000,000 versus a total put value of 18,570,750,000 Combined total value = 217,239,750,000
Strike 11500 has a total call value of 231,896,250,000 versus a total put value of 15,204,000,000 Combined total value = 247,100,250,000
Strike 11600 has a total call value of 269,924,250,000 versus a total put value of 12,554,250,000 Combined total value = 282,478,500,000
Strike 11700 has a total call value of 309,759,000,000 versus a total put value of 10,309,500,000 Combined total value = 320,068,500,000
Strike 11800 has a total call value of 351,478,500,000 versus a total put value of 8,380,500,000 Combined total value = 359,859,000,000
Strike 11900 has a total call value of 395,230,500,000 versus a total put value of 6,451,500,000 Combined total value = 401,682,000,000
Strike 12000 has a total call value of 441,201,000,000 versus a total put value of 4,803,000,000 Combined total value = 446,004,000,000
Strike 12100 has a total call value of 496,417,500,000 versus a total put value of 3,678,000,000 Combined total value = 500,095,500,000
Strike 12200 has a total call value of 552,614,250,000 versus a total put value of 2,755,500,000 Combined total value = 555,369,750,000
Strike 12300 has a total call value of 609,933,000,000 versus a total put value of 2,003,250,000 Combined total value = 611,936,250,000
Strike 12400 has a total call value of 668,393,250,000 versus a total put value of 1,251,000,000 Combined total value = 669,644,250,000
Strike 12500 has a total call value of 728,510,250,000 versus a total put value of 650,250,000 Combined total value = 729,160,500,000
Strike 12600 has a total call value of 791,478,000,000 versus a total put value of 459,000,000 Combined total value = 791,937,000,000
Strike 12700 has a total call value of 855,510,000,000 versus a total put value of 267,750,000 Combined total value = 855,777,750,000
Strike 12800 has a total call value of 920,176,500,000 versus a total put value of 178,500,000 Combined total value = 920,355,000,000
Strike 12900 has a total call value of 985,766,250,000 versus a total put value of 89,250,000 Combined total value = 985,855,500,000
Strike 13000 has a total call value of 1,051,689,000,000 versus a total put value of 0 Combined total value = 1,051,689,000,000
Strike 13100 has a total call value of 1,119,838,500,000 versus a total put value of 0 Combined total value = 1,119,838,500,000
Strike 13200 has a total call value of 1,188,141,000,000 versus a total put value of 0 Combined total value = 1,188,141,000,000
Strike 13300 has a total call value of 1,256,721,750,000 versus a total put value of 0 Combined total value = 1,256,721,750,000
Strike 13400 has a total call value of 1,325,430,750,000 versus a total put value of 0 Combined total value = 1,325,430,750,000
Strike 13500 has a total call value of 1,394,493,750,000 versus a total put value of 0 Combined total value = 1,394,493,750,000
Strike 13600 has a total call value of 1,463,965,500,000 versus a total put value of 0 Combined total value = 1,463,965,500,000
Strike 13700 has a total call value of 1,533,753,750,000 versus a total put value of 0 Combined total value = 1,533,753,750,000
Strike 13800 has a total call value of 1,603,599,000,000 versus a total put value of 0 Combined total value = 1,603,599,000,000
Strike 13900 has a total call value of 1,673,682,750,000 versus a total put value of 0 Combined total value = 1,673,682,750,000
Strike 14000 has a total call value of 1,743,804,750,000 versus a total put value of 0 Combined total value = 1,743,804,750,000
Strike 14100 has a total call value of 1,815,541,500,000 versus a total put value of 0 Combined total value = 1,815,541,500,000
Strike 14200 has a total call value of 1,887,278,250,000 versus a total put value of 0 Combined total value = 1,887,278,250,000
Strike 14300 has a total call value of 1,959,196,500,000 versus a total put value of 0 Combined total value = 1,959,196,500,000
Strike 14400 has a total call value of 2,031,114,750,000 versus a total put value of 0 Combined total value = 2,031,114,750,000
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.