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BAJAJ-AUTO
BAJAJ AUTO LIMITED

9383.1 -335.25 (-3.45%)

Max pain for BAJAJ-AUTO

18 Jul 2024 10:51 AM IST

Max Pain for BAJAJ-AUTO is 9600  



Strike  7500  has a total call value of 0  versus a total put value of  243,249,750,000 Combined total value = 243,249,750,000

Strike  7600  has a total call value of 0  versus a total put value of  228,952,500,000 Combined total value = 228,952,500,000

Strike  7700  has a total call value of 25,500,000  versus a total put value of  214,672,500,000 Combined total value = 214,698,000,000

Strike  7800  has a total call value of 51,000,000  versus a total put value of  200,392,500,000 Combined total value = 200,443,500,000

Strike  7900  has a total call value of 76,500,000  versus a total put value of  186,133,500,000 Combined total value = 186,210,000,000

Strike  8000  has a total call value of 102,000,000  versus a total put value of  171,874,500,000 Combined total value = 171,976,500,000

Strike  8100  has a total call value of 127,500,000  versus a total put value of  157,913,250,000 Combined total value = 158,040,750,000

Strike  8200  has a total call value of 153,000,000  versus a total put value of  143,952,000,000 Combined total value = 144,105,000,000

Strike  8300  has a total call value of 178,500,000  versus a total put value of  130,101,750,000 Combined total value = 130,280,250,000

Strike  8400  has a total call value of 204,000,000  versus a total put value of  116,339,250,000 Combined total value = 116,543,250,000

Strike  8500  has a total call value of 229,500,000  versus a total put value of  102,720,000,000 Combined total value = 102,949,500,000

Strike  8600  has a total call value of 255,000,000  versus a total put value of  90,484,500,000 Combined total value = 90,739,500,000

Strike  8700  has a total call value of 280,500,000  versus a total put value of  78,526,500,000 Combined total value = 78,807,000,000

Strike  8800  has a total call value of 352,500,000  versus a total put value of  67,346,250,000 Combined total value = 67,698,750,000

Strike  8900  has a total call value of 428,250,000  versus a total put value of  57,039,750,000 Combined total value = 57,468,000,000

Strike  9000  has a total call value of 525,000,000  versus a total put value of  47,129,250,000 Combined total value = 47,654,250,000

Strike  9100  has a total call value of 717,750,000  versus a total put value of  38,876,250,000 Combined total value = 39,594,000,000

Strike  9200  has a total call value of 933,750,000  versus a total put value of  31,056,000,000 Combined total value = 31,989,750,000

Strike  9300  has a total call value of 1,202,250,000  versus a total put value of  23,769,750,000 Combined total value = 24,972,000,000

Strike  9400  has a total call value of 1,683,750,000  versus a total put value of  17,034,000,000 Combined total value = 18,717,750,000

Strike  9500  has a total call value of 2,776,500,000  versus a total put value of  11,274,750,000 Combined total value = 14,051,250,000

Strike  9600  has a total call value of 6,144,000,000  versus a total put value of  7,008,750,000 Combined total value = 13,152,750,000

Strike  9700  has a total call value of 11,586,750,000  versus a total put value of  3,575,250,000 Combined total value = 15,162,000,000

Strike  9800  has a total call value of 20,182,500,000  versus a total put value of  1,679,250,000 Combined total value = 21,861,750,000

Strike  9900  has a total call value of 32,495,250,000  versus a total put value of  761,250,000 Combined total value = 33,256,500,000

Strike  10000  has a total call value of 47,929,500,000  versus a total put value of  96,750,000 Combined total value = 48,026,250,000

Strike  10100  has a total call value of 68,570,250,000  versus a total put value of  65,250,000 Combined total value = 68,635,500,000

Strike  10200  has a total call value of 90,422,250,000  versus a total put value of  33,750,000 Combined total value = 90,456,000,000

Strike  10300  has a total call value of 113,706,750,000  versus a total put value of  22,500,000 Combined total value = 113,729,250,000

Strike  10400  has a total call value of 138,267,750,000  versus a total put value of  11,250,000 Combined total value = 138,279,000,000

Strike  10500  has a total call value of 163,411,500,000  versus a total put value of  0 Combined total value = 163,411,500,000

Strike  10600  has a total call value of 191,058,750,000  versus a total put value of  0 Combined total value = 191,058,750,000

Strike  10700  has a total call value of 219,183,750,000  versus a total put value of  0 Combined total value = 219,183,750,000

Strike  10800  has a total call value of 248,136,750,000  versus a total put value of  0 Combined total value = 248,136,750,000

Strike  10900  has a total call value of 277,666,500,000  versus a total put value of  0 Combined total value = 277,666,500,000

Strike  11000  has a total call value of 307,196,250,000  versus a total put value of  0 Combined total value = 307,196,250,000

Strike  11100  has a total call value of 338,892,750,000  versus a total put value of  0 Combined total value = 338,892,750,000

Strike  11200  has a total call value of 370,589,250,000  versus a total put value of  0 Combined total value = 370,589,250,000

All Max-Pain Table

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.