BAJAJ-AUTO
Bajaj Auto Limited
Max pain for BAJAJ-AUTO
28 Apr 2025 11:56 AM IST
Max Pain for BAJAJ-AUTO is 8200
Strike 6000 has a total call value of 0 versus a total put value of 105,069,000,000 Combined total value = 105,069,000,000
Strike 6100 has a total call value of 0 versus a total put value of 99,724,500,000 Combined total value = 99,724,500,000
Strike 6200 has a total call value of 0 versus a total put value of 94,380,000,000 Combined total value = 94,380,000,000
Strike 6300 has a total call value of 0 versus a total put value of 89,124,750,000 Combined total value = 89,124,750,000
Strike 6400 has a total call value of 0 versus a total put value of 83,869,500,000 Combined total value = 83,869,500,000
Strike 6500 has a total call value of 0 versus a total put value of 78,614,250,000 Combined total value = 78,614,250,000
Strike 6600 has a total call value of 0 versus a total put value of 73,433,250,000 Combined total value = 73,433,250,000
Strike 6700 has a total call value of 0 versus a total put value of 68,252,250,000 Combined total value = 68,252,250,000
Strike 6800 has a total call value of 0 versus a total put value of 63,091,500,000 Combined total value = 63,091,500,000
Strike 6900 has a total call value of 0 versus a total put value of 58,008,750,000 Combined total value = 58,008,750,000
Strike 7000 has a total call value of 0 versus a total put value of 52,937,250,000 Combined total value = 52,937,250,000
Strike 7100 has a total call value of 0 versus a total put value of 48,085,500,000 Combined total value = 48,085,500,000
Strike 7200 has a total call value of 0 versus a total put value of 43,249,500,000 Combined total value = 43,249,500,000
Strike 7300 has a total call value of 0 versus a total put value of 38,555,250,000 Combined total value = 38,555,250,000
Strike 7400 has a total call value of 0 versus a total put value of 34,007,250,000 Combined total value = 34,007,250,000
Strike 7500 has a total call value of 0 versus a total put value of 29,619,750,000 Combined total value = 29,619,750,000
Strike 7600 has a total call value of 0 versus a total put value of 25,637,250,000 Combined total value = 25,637,250,000
Strike 7700 has a total call value of 26,250,000 versus a total put value of 21,796,500,000 Combined total value = 21,822,750,000
Strike 7800 has a total call value of 99,000,000 versus a total put value of 18,291,750,000 Combined total value = 18,390,750,000
Strike 7900 has a total call value of 210,750,000 versus a total put value of 15,118,500,000 Combined total value = 15,329,250,000
Strike 8000 has a total call value of 389,250,000 versus a total put value of 12,098,250,000 Combined total value = 12,487,500,000
Strike 8100 has a total call value of 1,395,000,000 versus a total put value of 9,606,000,000 Combined total value = 11,001,000,000
Strike 8200 has a total call value of 2,741,250,000 versus a total put value of 7,455,000,000 Combined total value = 10,196,250,000
Strike 8300 has a total call value of 4,581,750,000 versus a total put value of 5,710,500,000 Combined total value = 10,292,250,000
Strike 8400 has a total call value of 7,360,500,000 versus a total put value of 4,372,500,000 Combined total value = 11,733,000,000
Strike 8500 has a total call value of 11,133,000,000 versus a total put value of 3,431,250,000 Combined total value = 14,564,250,000
Strike 8600 has a total call value of 15,780,750,000 versus a total put value of 2,883,000,000 Combined total value = 18,663,750,000
Strike 8700 has a total call value of 20,827,500,000 versus a total put value of 2,334,750,000 Combined total value = 23,162,250,000
Strike 8800 has a total call value of 26,037,750,000 versus a total put value of 1,786,500,000 Combined total value = 27,824,250,000
Strike 8900 has a total call value of 31,423,500,000 versus a total put value of 1,238,250,000 Combined total value = 32,661,750,000
Strike 9000 has a total call value of 36,905,250,000 versus a total put value of 690,000,000 Combined total value = 37,595,250,000
Strike 9100 has a total call value of 43,049,250,000 versus a total put value of 517,500,000 Combined total value = 43,566,750,000
Strike 9200 has a total call value of 49,193,250,000 versus a total put value of 345,000,000 Combined total value = 49,538,250,000
Strike 9300 has a total call value of 55,611,750,000 versus a total put value of 172,500,000 Combined total value = 55,784,250,000
Strike 9400 has a total call value of 62,030,250,000 versus a total put value of 0 Combined total value = 62,030,250,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 429.45 | 430 |
| ABB | 5501 | 5600 |
| ABCAPITAL | 198.87 | 205 |
| ABFRL | 273.7 | 270 |
| ACC | 1936.7 | 2000 |
| ADANIENSOL | 934.1 | 920 |
| ADANIENT | 2392.2 | 2560 |
| ADANIGREEN | 936.55 | 960 |
| ADANIPORTS | 1210.1 | 1240 |
| ALKEM | 5047.1 | 5100 |
| AMBUJACEM | 548.2 | 575 |
| ANGELONE | 2354.3 | 2350 |
| APLAPOLLO | 1616.7 | 1600 |
| APOLLOHOSP | 6995 | 7100 |
| APOLLOTYRE | 456.55 | 460 |
| ASHOKLEY | 225.6 | 225 |
| ASIANPAINT | 2424 | 2460 |
| ASTRAL | 1371 | 1380 |
| ATGL | 620.5 | 630 |
| AUBANK | 677.6 | 650 |
| AUROPHARMA | 1247.9 | 1240 |
| AXISBANK | 1185 | 1200 |
| BAJAJ-AUTO | 8050 | 8200 |
| BAJAJFINSV | 2050.4 | 2060 |
| BAJFINANCE | 9045 | 9200 |
| BALKRISIND | 2553.4 | 2560 |
| BANDHANBNK | 164.16 | 170 |
| BANKBARODA | 250.85 | 250 |
| BANKINDIA | 117.85 | 117 |
| BEL | 306.2 | 300 |
| BHARATFORG | 1104.9 | 1100 |
| BHARTIARTL | 1814.6 | 1820 |
| BHEL | 228.25 | 230 |
| BIOCON | 320.15 | 330 |
| BOSCHLTD | 28190 | 28000 |
| BPCL | 306.1 | 300 |
| BRITANNIA | 5424.1 | 5450 |
| BSE | 6448 | 6250 |
| BSOFT | 388.95 | 400 |
| CAMS | 3934.3 | 3950 |
| CANBK | 98.05 | 99 |
| CDSL | 1341.6 | 1300 |
| CESC | 159.22 | 157.5 |
| CGPOWER | 631.6 | 650 |
| CHAMBLFERT | 689.05 | 680 |
| CHOLAFIN | 1550.2 | 1540 |
| CIPLA | 1549.7 | 1540 |
| COALINDIA | 396.75 | 405 |
| COFORGE | 7392 | 7200 |
| COLPAL | 2679.5 | 2620 |
| CONCOR | 687.95 | 700 |
| CROMPTON | 334 | 340 |
| CUMMINSIND | 2902.3 | 2950 |
| CYIENT | 1182.8 | 1180 |
| DABUR | 483.8 | 490 |
| DALBHARAT | 1982.2 | 1940 |
| DEEPAKNTR | 1968.6 | 2000 |
| DELHIVERY | 305.75 | 300 |
| DIVISLAB | 6107.5 | 6100 |
| DIXON | 16431 | 16000 |
| DLF | 661.7 | 680 |
| DMART | 4395 | 4400 |
| DRREDDY | 1193.7 | 1200 |
| EICHERMOT | 5604.5 | 5700 |
| ESCORTS | 3361 | 3400 |
| ETERNAL | 226.63 | 230 |
| EXIDEIND | 376.85 | 380 |
| FEDERALBNK | 199.36 | 200 |
| GAIL | 189.16 | 195 |
| GLENMARK | 1401.6 | 1400 |
| GMRAIRPORT | 88.04 | 88 |
| GODREJCP | 1248.2 | 1250 |
| GODREJPROP | 2109 | 2100 |
| GRANULES | 461 | 480 |
| GRASIM | 2760.3 | 2720 |
| HAL | 4422.1 | 4300 |
| HAVELLS | 1605.8 | 1600 |
| HCLTECH | 1548.4 | 1560 |
| HDFCAMC | 4393.9 | 4400 |
| HDFCBANK | 1924.7 | 1920 |
| HDFCLIFE | 701.9 | 710 |
| HEROMOTOCO | 3886.2 | 3900 |
| HFCL | 82.14 | 85 |
| HINDALCO | 628.3 | 630 |
| HINDCOPPER | 218.85 | 220 |
| HINDPETRO | 389.85 | 390 |
| HINDUNILVR | 2328.9 | 2360 |
| HINDZINC | 455.3 | 450 |
| HUDCO | 226 | 225 |
| ICICIBANK | 1429 | 1420 |
| ICICIGI | 1845.1 | 1860 |
| ICICIPRULI | 599.5 | 600 |
| IDEA | 7.43 | 8 |
| IDFCFIRSTB | 66.18 | 66 |
| IEX | 193.89 | 192.5 |
| IGL | 184.67 | 180 |
| IIFL | 368.35 | 370 |
| INDHOTEL | 800 | 800 |
| INDIANB | 577.25 | 580 |
| INDIGO | 5360.5 | 5300 |
| INDUSINDBK | 837.45 | 820 |
| INDUSTOWER | 404.75 | 400 |
| INFY | 1475.4 | 1480 |
| INOXWIND | 174.67 | 170 |
| IOC | 136.55 | 140 |
| IRB | 46.75 | 48 |
| IRCTC | 764.15 | 780 |
| IREDA | 168.79 | 160 |
| IRFC | 129 | 127.5 |
| ITC | 427.35 | 430 |
| JINDALSTEL | 910 | 900 |
| JIOFIN | 258.01 | 255 |
| JSL | 558.75 | 580 |
| JSWENERGY | 480.35 | 500 |
| JSWSTEEL | 1055.3 | 1040 |
| JUBLFOOD | 695.9 | 700 |
| KALYANKJIL | 517.7 | 520 |
| KEI | 2996.5 | 3000 |
| KOTAKBANK | 2225.8 | 2200 |
| KPITTECH | 1211 | 1200 |
| LAURUSLABS | 634.05 | 640 |
| LICHSGFIN | 606.55 | 600 |
| LICI | 800.6 | 800 |
| LODHA | 1291.5 | 1300 |
| LT | 3322 | 3320 |
| LTF | 166.28 | 162.5 |
| LTIM | 4481.3 | 4500 |
| LUPIN | 2102.8 | 2080 |
| M&M | 2902.8 | 2900 |
| M&MFIN | 261.85 | 270 |
| MANAPPURAM | 230.11 | 230 |
| MARICO | 714.4 | 710 |
| MARUTI | 11750 | 11800 |
| MAXHEALTH | 1092.5 | 1100 |
| MCX | 6158.5 | 5900 |
| MFSL | 1265.2 | 1260 |
| MGL | 1320.3 | 1300 |
| MOTHERSON | 134.64 | 137.5 |
| MPHASIS | 2462.9 | 2500 |
| MRF | 129280 | 128000 |
| MUTHOOTFIN | 2105.4 | 2120 |
| NATIONALUM | 159.3 | 170 |
| NAUKRI | 6945 | 7000 |
| NBCC | 96.87 | 100 |
| NCC | 217.27 | 220 |
| NESTLEIND | 2405 | 2400 |
| NHPC | 86.43 | 88 |
| NMDC | 66.07 | 69 |
| NTPC | 361.3 | 365 |
| NYKAA | 192.6 | 190 |
| OBEROIRLTY | 1635.9 | 1640 |
| OFSS | 8700 | 8600 |
| OIL | 403.95 | 400 |
| ONGC | 249.9 | 250 |
| PAGEIND | 44635 | 45000 |
| PATANJALI | 1946.1 | 2000 |
| PAYTM | 878.75 | 880 |
| PEL | 989 | 1000 |
| PERSISTENT | 5258.5 | 5200 |
| PETRONET | 310.75 | 315 |
| PFC | 421 | 440 |
| PHOENIXLTD | 1626.1 | 1700 |
| PIDILITIND | 3003 | 3020 |
| PIIND | 3647.8 | 3650 |
| PNB | 101.41 | 103 |
| PNBHOUSING | 986.9 | 1000 |
| POLICYBZR | 1603 | 1640 |
| POLYCAB | 5560.5 | 5500 |
| POONAWALLA | 378.25 | 380 |
| POWERGRID | 309.7 | 315 |
| PRESTIGE | 1298.5 | 1300 |
| RAMCOCEM | 965.5 | 970 |
| RBLBANK | 207.59 | 200 |
| RECLTD | 428.7 | 440 |
| RELIANCE | 1357.9 | 1320 |
| SAIL | 117.22 | 120 |
| SBICARD | 863.6 | 880 |
| SBILIFE | 1697.4 | 1680 |
| SBIN | 809.9 | 810 |
| SHREECEM | 30415 | 31000 |
| SHRIRAMFIN | 627.9 | 630 |
| SIEMENS | 2881 | 2900 |
| SJVN | 97.24 | 100 |
| SOLARINDS | 13030 | 13000 |
| SONACOMS | 459.35 | 460 |
| SRF | 3009.4 | 3000 |
| SUNPHARMA | 1832.9 | 1780 |
| SUPREMEIND | 3596.1 | 3500 |
| SYNGENE | 622.3 | 650 |
| TATACHEM | 835.85 | 870 |
| TATACOMM | 1586 | 1600 |
| TATACONSUM | 1150.9 | 1130 |
| TATAELXSI | 5653.5 | 5500 |
| TATAMOTORS | 665.7 | 670 |
| TATAPOWER | 398.1 | 400 |
| TATASTEEL | 142.15 | 142.5 |
| TATATECH | 707.1 | 680 |
| TCS | 3435.5 | 3400 |
| TECHM | 1454.7 | 1440 |
| TIINDIA | 2616.3 | 2600 |
| TITAGARH | 775.35 | 800 |
| TITAN | 3372.8 | 3360 |
| TORNTPHARM | 3329.2 | 3300 |
| TORNTPOWER | 1562 | 1600 |
| TRENT | 5169.5 | 5300 |
| TVSMOTOR | 2737 | 2720 |
| ULTRACEMCO | 12199 | 12200 |
| UNIONBANK | 127.9 | 130 |
| UNITDSPR | 1537 | 1520 |
| UPL | 676.4 | 670 |
| VBL | 533.25 | 530 |
| VEDL | 416.3 | 430 |
| VOLTAS | 1240 | 1300 |
| WIPRO | 240.2 | 242.5 |
| YESBANK | 17.98 | 18 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 879.15 | 880 |
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.
