BAJAJ-AUTO
Bajaj Auto Limited
Max pain for BAJAJ-AUTO
20 Dec 2024 04:11 PM IST
Max Pain for BAJAJ-AUTO is 9000
Strike 7400 has a total call value of 0 versus a total put value of 151,717,500,000 Combined total value = 151,717,500,000
Strike 7500 has a total call value of 0 versus a total put value of 141,549,000,000 Combined total value = 141,549,000,000
Strike 7600 has a total call value of 0 versus a total put value of 131,380,500,000 Combined total value = 131,380,500,000
Strike 7700 has a total call value of 0 versus a total put value of 121,365,750,000 Combined total value = 121,365,750,000
Strike 7800 has a total call value of 0 versus a total put value of 111,351,000,000 Combined total value = 111,351,000,000
Strike 7900 has a total call value of 0 versus a total put value of 101,456,250,000 Combined total value = 101,456,250,000
Strike 8000 has a total call value of 0 versus a total put value of 91,561,500,000 Combined total value = 91,561,500,000
Strike 8100 has a total call value of 0 versus a total put value of 82,423,500,000 Combined total value = 82,423,500,000
Strike 8200 has a total call value of 0 versus a total put value of 73,506,750,000 Combined total value = 73,506,750,000
Strike 8300 has a total call value of 0 versus a total put value of 64,725,750,000 Combined total value = 64,725,750,000
Strike 8400 has a total call value of 0 versus a total put value of 56,535,750,000 Combined total value = 56,535,750,000
Strike 8500 has a total call value of 6,750,000 versus a total put value of 48,608,250,000 Combined total value = 48,615,000,000
Strike 8600 has a total call value of 80,250,000 versus a total put value of 41,358,750,000 Combined total value = 41,439,000,000
Strike 8700 has a total call value of 182,250,000 versus a total put value of 34,458,000,000 Combined total value = 34,640,250,000
Strike 8800 has a total call value of 422,250,000 versus a total put value of 28,127,250,000 Combined total value = 28,549,500,000
Strike 8900 has a total call value of 1,164,750,000 versus a total put value of 22,671,750,000 Combined total value = 23,836,500,000
Strike 9000 has a total call value of 2,649,750,000 versus a total put value of 17,961,750,000 Combined total value = 20,611,500,000
Strike 9100 has a total call value of 6,869,250,000 versus a total put value of 14,663,250,000 Combined total value = 21,532,500,000
Strike 9200 has a total call value of 13,476,750,000 versus a total put value of 12,047,250,000 Combined total value = 25,524,000,000
Strike 9300 has a total call value of 23,139,000,000 versus a total put value of 10,164,750,000 Combined total value = 33,303,750,000
Strike 9400 has a total call value of 34,713,000,000 versus a total put value of 8,677,500,000 Combined total value = 43,390,500,000
Strike 9500 has a total call value of 47,910,000,000 versus a total put value of 7,410,000,000 Combined total value = 55,320,000,000
Strike 9600 has a total call value of 64,473,000,000 versus a total put value of 6,550,500,000 Combined total value = 71,023,500,000
Strike 9700 has a total call value of 82,104,000,000 versus a total put value of 5,691,000,000 Combined total value = 87,795,000,000
Strike 9800 has a total call value of 100,800,750,000 versus a total put value of 4,831,500,000 Combined total value = 105,632,250,000
Strike 9900 has a total call value of 120,348,000,000 versus a total put value of 4,122,000,000 Combined total value = 124,470,000,000
Strike 10000 has a total call value of 141,138,750,000 versus a total put value of 3,412,500,000 Combined total value = 144,551,250,000
Strike 10100 has a total call value of 166,070,250,000 versus a total put value of 2,956,500,000 Combined total value = 169,026,750,000
Strike 10200 has a total call value of 191,453,250,000 versus a total put value of 2,500,500,000 Combined total value = 193,953,750,000
Strike 10300 has a total call value of 217,902,000,000 versus a total put value of 2,068,500,000 Combined total value = 219,970,500,000
Strike 10400 has a total call value of 244,695,750,000 versus a total put value of 1,636,500,000 Combined total value = 246,332,250,000
Strike 10500 has a total call value of 271,676,250,000 versus a total put value of 1,204,500,000 Combined total value = 272,880,750,000
Strike 10600 has a total call value of 299,665,500,000 versus a total put value of 1,038,000,000 Combined total value = 300,703,500,000
Strike 10700 has a total call value of 327,829,500,000 versus a total put value of 871,500,000 Combined total value = 328,701,000,000
Strike 10800 has a total call value of 356,020,500,000 versus a total put value of 705,000,000 Combined total value = 356,725,500,000
Strike 10900 has a total call value of 384,262,500,000 versus a total put value of 538,500,000 Combined total value = 384,801,000,000
Strike 11000 has a total call value of 412,563,750,000 versus a total put value of 372,000,000 Combined total value = 412,935,750,000
Strike 11100 has a total call value of 441,651,750,000 versus a total put value of 325,500,000 Combined total value = 441,977,250,000
Strike 11200 has a total call value of 470,739,750,000 versus a total put value of 279,000,000 Combined total value = 471,018,750,000
Strike 11300 has a total call value of 499,827,750,000 versus a total put value of 232,500,000 Combined total value = 500,060,250,000
Strike 11400 has a total call value of 528,915,750,000 versus a total put value of 186,000,000 Combined total value = 529,101,750,000
Strike 11500 has a total call value of 558,003,750,000 versus a total put value of 139,500,000 Combined total value = 558,143,250,000
Strike 11600 has a total call value of 587,091,750,000 versus a total put value of 93,000,000 Combined total value = 587,184,750,000
Strike 11700 has a total call value of 616,179,750,000 versus a total put value of 46,500,000 Combined total value = 616,226,250,000
Strike 11800 has a total call value of 645,267,750,000 versus a total put value of 0 Combined total value = 645,267,750,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 403.85 | 450 |
| ABB | 6921.25 | 7300 |
| ABBOTINDIA | 28655.35 | 28000 |
| ABCAPITAL | 186.21 | 200 |
| ABFRL | 282.2 | 300 |
| ACC | 2063.65 | 2260 |
| ADANIENSOL | 767.55 | 800 |
| ADANIENT | 2344.95 | 2500 |
| ADANIGREEN | 1034.35 | 1120 |
| ADANIPORTS | 1182.45 | 1240 |
| ALKEM | 5427.5 | 5500 |
| AMBUJACEM | 548.8 | 560 |
| ANGELONE | 2881.7 | 3100 |
| APLAPOLLO | 1559 | 1600 |
| APOLLOHOSP | 7251.7 | 7200 |
| APOLLOTYRE | 531.95 | 530 |
| ASHOKLEY | 217.28 | 225 |
| ASIANPAINT | 2282.35 | 2400 |
| ASTRAL | 1734.6 | 1820 |
| ATGL | 674.35 | 720 |
| ATUL | 7023.15 | 7300 |
| AUBANK | 537.6 | 570 |
| AUROPHARMA | 1241.7 | 1240 |
| AXISBANK | 1071.85 | 1120 |
| BAJAJ-AUTO | 8787.25 | 9000 |
| BAJAJFINSV | 1569.65 | 1640 |
| BAJFINANCE | 6848.25 | 7000 |
| BALKRISIND | 2790.05 | 2800 |
| BANDHANBNK | 159.05 | 170 |
| BANKBARODA | 240.59 | 250 |
| BANKINDIA | 103.03 | 110 |
| BATAINDIA | 1342.25 | 1400 |
| BEL | 290.85 | 310 |
| BERGEPAINT | 444.8 | 465 |
| BHARATFORG | 1278.9 | 1340 |
| BHARTIARTL | 1578.1 | 1600 |
| BHEL | 235.3 | 250 |
| BIOCON | 335.95 | 355 |
| BOSCHLTD | 34576.95 | 35000 |
| BPCL | 289.05 | 295 |
| BRITANNIA | 4698.1 | 4800 |
| BSE | 5542.85 | 5300 |
| BSOFT | 577 | 600 |
| CAMS | 4951 | 5100 |
| CANBK | 99.61 | 104 |
| CANFINHOME | 747.7 | 790 |
| CDSL | 1860.75 | 1860 |
| CESC | 182.74 | 190 |
| CGPOWER | 730.05 | 760 |
| CHAMBLFERT | 509.15 | 520 |
| CHOLAFIN | 1189.55 | 1260 |
| CIPLA | 1472.05 | 1480 |
| COALINDIA | 382 | 414.25 |
| COFORGE | 9370.45 | 9200 |
| COLPAL | 2750.85 | 2850 |
| CONCOR | 767.95 | 830 |
| COROMANDEL | 1839.3 | 1800 |
| CROMPTON | 388.25 | 405 |
| CUB | 175.42 | 180 |
| CUMMINSIND | 3312.9 | 3450 |
| CYIENT | 1924.4 | 2000 |
| DABUR | 502.55 | 510 |
| DALBHARAT | 1801.9 | 1880 |
| DEEPAKNTR | 2596.85 | 2700 |
| DELHIVERY | 349.6 | 365 |
| DIVISLAB | 5846.75 | 6000 |
| DIXON | 17944.9 | 18000 |
| DLF | 830.7 | 850 |
| DMART | 3408.3 | 3600 |
| DRREDDY | 1343.65 | 1300 |
| EICHERMOT | 4734.5 | 4800 |
| ESCORTS | 3162.05 | 3350 |
| EXIDEIND | 426.3 | 450 |
| FEDERALBNK | 194.46 | 205 |
| GAIL | 192.42 | 200 |
| GLENMARK | 1541.65 | 1520 |
| GMRAIRPORT | 78.82 | 85 |
| GMRINFRA | 0 | 36 |
| GNFC | 583.8 | 610 |
| GODREJCP | 1069.6 | 1120 |
| GODREJPROP | 2855.95 | 2900 |
| GRANULES | 592.4 | 580 |
| GRASIM | 2488.7 | 2620 |
| GUJGASLTD | 499.8 | 500 |
| HAL | 4190.2 | 4500 |
| HAVELLS | 1657.4 | 1720 |
| HCLTECH | 1911.35 | 1900 |
| HDFCAMC | 4262.8 | 4400 |
| HDFCBANK | 1771.5 | 1800 |
| HDFCLIFE | 623.8 | 640 |
| HEROMOTOCO | 4339.95 | 4600 |
| HFCL | 113.35 | 120 |
| HINDALCO | 622.65 | 650 |
| HINDCOPPER | 271.5 | 290 |
| HINDPETRO | 399.5 | 400 |
| HINDUNILVR | 2333.9 | 2400 |
| HUDCO | 242.11 | 245 |
| ICICIBANK | 1288.4 | 1300 |
| ICICIGI | 1902.15 | 1920 |
| ICICIPRULI | 653.9 | 670 |
| IDEA | 7.4 | 8 |
| IDFCFIRSTB | 61.68 | 65 |
| IEX | 177.45 | 182.5 |
| IGL | 388.3 | 370 |
| INDHOTEL | 854.1 | 850 |
| INDIAMART | 2249.95 | 2350 |
| INDIANB | 537.15 | 580 |
| INDIGO | 4395.6 | 4400 |
| INDUSINDBK | 929.45 | 980 |
| INDUSTOWER | 337.1 | 350 |
| INFY | 1922.15 | 1920 |
| IOC | 137.08 | 142.5 |
| IPCALAB | 1582.5 | 1560 |
| IRB | 55.09 | 57 |
| IRCTC | 784.25 | 830 |
| IRFC | 148.41 | 155 |
| ITC | 464.65 | 470 |
| JINDALSTEL | 908.05 | 940 |
| JIOFIN | 304.3 | 325 |
| JKCEMENT | 4517.8 | 4600 |
| JSL | 719.8 | 730 |
| JSWENERGY | 669.8 | 660 |
| JSWSTEEL | 917.35 | 950 |
| JUBLFOOD | 672.7 | 670 |
| KALYANKJIL | 719.2 | 740 |
| KEI | 4166.25 | 4400 |
| KOTAKBANK | 1743.55 | 1780 |
| KPITTECH | 1451.25 | 1500 |
| LALPATHLAB | 2946.25 | 3050 |
| LAURUSLABS | 559.2 | 570 |
| LICHSGFIN | 582.25 | 620 |
| LICI | 901.7 | 940 |
| LODHA | 1400.7 | 1440 |
| LT | 3629.85 | 3750 |
| LTF | 136.48 | 145 |
| LTIM | 5824.3 | 6150 |
| LTTS | 4828.5 | 5200 |
| LUPIN | 2150.7 | 2100 |
| M&M | 2906.35 | 3000 |
| M&MFIN | 266.05 | 275 |
| MANAPPURAM | 181.03 | 180 |
| MARICO | 627.95 | 630 |
| MARUTI | 10901.05 | 11100 |
| MAXHEALTH | 1165.2 | 1140 |
| MCX | 6397.4 | 6500 |
| METROPOLIS | 2058.05 | 2120 |
| MFSL | 1109.2 | 1140 |
| MGL | 1215.3 | 1260 |
| MOTHERSON | 156.06 | 165 |
| MPHASIS | 2950.6 | 3100 |
| MRF | 128057.9 | 130000 |
| MUTHOOTFIN | 2075.65 | 2060 |
| NATIONALUM | 215.36 | 232.5 |
| NAUKRI | 8494.95 | 8600 |
| NAVINFLUOR | 3305.85 | 3500 |
| NCC | 287.55 | 300 |
| NESTLEIND | 2163.5 | 2220 |
| NHPC | 81.47 | 85 |
| NMDC | 213.15 | 230 |
| NTPC | 333.25 | 350 |
| NYKAA | 167.33 | 170 |
| OBEROIRLTY | 2247.8 | 2200 |
| OFSS | 12247.55 | 12500 |
| OIL | 421.8 | 450 |
| ONGC | 237.1 | 250 |
| PAGEIND | 48856.35 | 48500 |
| PAYTM | 945.25 | 980 |
| PEL | 1093.7 | 1160 |
| PERSISTENT | 6368.7 | 6400 |
| PETRONET | 336.45 | 340 |
| PFC | 453.3 | 480 |
| PIDILITIND | 2976.8 | 3080 |
| PIIND | 3813.75 | 4000 |
| PNB | 100.77 | 105 |
| POLICYBZR | 2092.15 | 2000 |
| POLYCAB | 7178.25 | 7300 |
| POONAWALLA | 318.85 | 340 |
| POWERGRID | 315.8 | 325 |
| PRESTIGE | 1794.5 | 1800 |
| PVRINOX | 1382.1 | 1520 |
| RAMCOCEM | 986.1 | 1010 |
| RBLBANK | 152.79 | 160 |
| RECLTD | 513.25 | 530 |
| RELIANCE | 1205.3 | 1280 |
| SAIL | 116.1 | 125 |
| SBICARD | 687 | 710 |
| SBILIFE | 1400.6 | 1420 |
| SBIN | 812 | 840 |
| SHREECEM | 27063.5 | 27000 |
| SHRIRAMFIN | 2877.25 | 3000 |
| SIEMENS | 6868.9 | 7300 |
| SJVN | 111.54 | 117.5 |
| SONACOMS | 588.45 | 620 |
| SRF | 2277.6 | 2300 |
| SUNPHARMA | 1808.85 | 1800 |
| SUNTV | 696.85 | 730 |
| SUPREMEIND | 4839.8 | 4900 |
| SYNGENE | 844 | 860 |
| TATACHEM | 1028.85 | 1080 |
| TATACOMM | 1710.45 | 1800 |
| TATACONSUM | 889.45 | 930 |
| TATAELXSI | 6921.6 | 7200 |
| TATAMOTORS | 724.05 | 770 |
| TATAPOWER | 401.1 | 420 |
| TATASTEEL | 140.68 | 147.5 |
| TCS | 4170.3 | 4300 |
| TECHM | 1686.05 | 1740 |
| TIINDIA | 3619.1 | 3700 |
| TITAN | 3356.25 | 3400 |
| TORNTPHARM | 3437 | 3400 |
| TRENT | 6831.55 | 6900 |
| TVSMOTOR | 2391.65 | 2500 |
| UBL | 2025.35 | 2000 |
| ULTRACEMCO | 11422.8 | 11500 |
| UNIONBANK | 116.78 | 125 |
| UNITDSPR | 1544.8 | 1540 |
| UPL | 504.5 | 537.2 |
| VBL | 612.55 | 630 |
| VEDL | 477.25 | 490 |
| VOLTAS | 1686.5 | 1740 |
| WIPRO | 305.2 | 302.5 |
| YESBANK | 19.83 | 21 |
| ZOMATO | 282.1 | 285 |
| ZYDUSLIFE | 973.5 | 980 |
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.
