BAJAJ-AUTO
Bajaj Auto Limited
Max pain for BAJAJ-AUTO
11 Oct 2024 04:11 PM IST
Max Pain for BAJAJ-AUTO is 12000
Strike 9200 has a total call value of 0 versus a total put value of 190,515,000,000 Combined total value = 190,515,000,000
Strike 9300 has a total call value of 0 versus a total put value of 182,401,500,000 Combined total value = 182,401,500,000
Strike 9400 has a total call value of 0 versus a total put value of 174,288,000,000 Combined total value = 174,288,000,000
Strike 9500 has a total call value of 0 versus a total put value of 166,174,500,000 Combined total value = 166,174,500,000
Strike 9600 has a total call value of 0 versus a total put value of 158,061,000,000 Combined total value = 158,061,000,000
Strike 9700 has a total call value of 0 versus a total put value of 149,947,500,000 Combined total value = 149,947,500,000
Strike 9800 has a total call value of 0 versus a total put value of 141,834,000,000 Combined total value = 141,834,000,000
Strike 9900 has a total call value of 0 versus a total put value of 133,720,500,000 Combined total value = 133,720,500,000
Strike 10000 has a total call value of 0 versus a total put value of 125,607,000,000 Combined total value = 125,607,000,000
Strike 10100 has a total call value of 0 versus a total put value of 117,964,500,000 Combined total value = 117,964,500,000
Strike 10200 has a total call value of 0 versus a total put value of 110,322,000,000 Combined total value = 110,322,000,000
Strike 10300 has a total call value of 0 versus a total put value of 102,679,500,000 Combined total value = 102,679,500,000
Strike 10400 has a total call value of 0 versus a total put value of 95,037,000,000 Combined total value = 95,037,000,000
Strike 10500 has a total call value of 0 versus a total put value of 87,425,250,000 Combined total value = 87,425,250,000
Strike 10600 has a total call value of 15,000,000 versus a total put value of 80,178,750,000 Combined total value = 80,193,750,000
Strike 10700 has a total call value of 30,000,000 versus a total put value of 72,960,750,000 Combined total value = 72,990,750,000
Strike 10800 has a total call value of 45,000,000 versus a total put value of 65,798,250,000 Combined total value = 65,843,250,000
Strike 10900 has a total call value of 60,000,000 versus a total put value of 58,794,000,000 Combined total value = 58,854,000,000
Strike 11000 has a total call value of 75,000,000 versus a total put value of 51,828,750,000 Combined total value = 51,903,750,000
Strike 11100 has a total call value of 90,000,000 versus a total put value of 45,705,750,000 Combined total value = 45,795,750,000
Strike 11200 has a total call value of 108,000,000 versus a total put value of 39,658,500,000 Combined total value = 39,766,500,000
Strike 11300 has a total call value of 126,000,000 versus a total put value of 33,994,500,000 Combined total value = 34,120,500,000
Strike 11400 has a total call value of 144,000,000 versus a total put value of 28,508,250,000 Combined total value = 28,652,250,000
Strike 11500 has a total call value of 162,000,000 versus a total put value of 23,253,750,000 Combined total value = 23,415,750,000
Strike 11600 has a total call value of 439,500,000 versus a total put value of 18,978,000,000 Combined total value = 19,417,500,000
Strike 11700 has a total call value of 798,750,000 versus a total put value of 15,091,500,000 Combined total value = 15,890,250,000
Strike 11800 has a total call value of 1,354,500,000 versus a total put value of 11,642,250,000 Combined total value = 12,996,750,000
Strike 11900 has a total call value of 2,259,000,000 versus a total put value of 8,673,750,000 Combined total value = 10,932,750,000
Strike 12000 has a total call value of 3,768,000,000 versus a total put value of 6,129,000,000 Combined total value = 9,897,000,000
Strike 12100 has a total call value of 6,792,000,000 versus a total put value of 4,443,000,000 Combined total value = 11,235,000,000
Strike 12200 has a total call value of 10,233,750,000 versus a total put value of 2,989,500,000 Combined total value = 13,223,250,000
Strike 12300 has a total call value of 14,304,000,000 versus a total put value of 1,754,250,000 Combined total value = 16,058,250,000
Strike 12400 has a total call value of 19,073,250,000 versus a total put value of 874,500,000 Combined total value = 19,947,750,000
Strike 12500 has a total call value of 24,465,000,000 versus a total put value of 229,500,000 Combined total value = 24,694,500,000
Strike 12600 has a total call value of 31,530,000,000 versus a total put value of 114,750,000 Combined total value = 31,644,750,000
Strike 12700 has a total call value of 39,373,500,000 versus a total put value of 0 Combined total value = 39,373,500,000
Strike 12800 has a total call value of 47,820,750,000 versus a total put value of 0 Combined total value = 47,820,750,000
Strike 12900 has a total call value of 57,070,500,000 versus a total put value of 0 Combined total value = 57,070,500,000
Strike 13000 has a total call value of 66,573,750,000 versus a total put value of 0 Combined total value = 66,573,750,000
Strike 13100 has a total call value of 77,995,500,000 versus a total put value of 0 Combined total value = 77,995,500,000
Strike 13200 has a total call value of 89,658,000,000 versus a total put value of 0 Combined total value = 89,658,000,000
Strike 13300 has a total call value of 101,859,000,000 versus a total put value of 0 Combined total value = 101,859,000,000
Strike 13400 has a total call value of 114,231,000,000 versus a total put value of 0 Combined total value = 114,231,000,000
Strike 13500 has a total call value of 126,989,250,000 versus a total put value of 0 Combined total value = 126,989,250,000
Strike 13600 has a total call value of 140,673,000,000 versus a total put value of 0 Combined total value = 140,673,000,000
Strike 13700 has a total call value of 154,772,250,000 versus a total put value of 0 Combined total value = 154,772,250,000
Strike 13800 has a total call value of 168,998,250,000 versus a total put value of 0 Combined total value = 168,998,250,000
Strike 13900 has a total call value of 183,483,000,000 versus a total put value of 0 Combined total value = 183,483,000,000
Strike 14000 has a total call value of 198,010,500,000 versus a total put value of 0 Combined total value = 198,010,500,000
Strike 14100 has a total call value of 213,900,750,000 versus a total put value of 0 Combined total value = 213,900,750,000
Strike 14200 has a total call value of 229,791,000,000 versus a total put value of 0 Combined total value = 229,791,000,000
Strike 14300 has a total call value of 245,883,000,000 versus a total put value of 0 Combined total value = 245,883,000,000
Strike 14400 has a total call value of 261,975,000,000 versus a total put value of 0 Combined total value = 261,975,000,000
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.