BAJAJ-AUTO
Bajaj Auto Limited
Max pain for BAJAJ-AUTO
14 Jan 2025 02:31 PM IST
Max Pain for BAJAJ-AUTO is 8900
Strike 7200 has a total call value of 0 versus a total put value of 129,368,250,000 Combined total value = 129,368,250,000
Strike 7300 has a total call value of 0 versus a total put value of 118,652,250,000 Combined total value = 118,652,250,000
Strike 7400 has a total call value of 0 versus a total put value of 107,936,250,000 Combined total value = 107,936,250,000
Strike 7500 has a total call value of 0 versus a total put value of 97,404,000,000 Combined total value = 97,404,000,000
Strike 7600 has a total call value of 0 versus a total put value of 86,871,750,000 Combined total value = 86,871,750,000
Strike 7700 has a total call value of 0 versus a total put value of 77,790,750,000 Combined total value = 77,790,750,000
Strike 7800 has a total call value of 0 versus a total put value of 68,709,750,000 Combined total value = 68,709,750,000
Strike 7900 has a total call value of 0 versus a total put value of 60,330,000,000 Combined total value = 60,330,000,000
Strike 8000 has a total call value of 0 versus a total put value of 52,278,750,000 Combined total value = 52,278,750,000
Strike 8100 has a total call value of 23,250,000 versus a total put value of 45,303,750,000 Combined total value = 45,327,000,000
Strike 8200 has a total call value of 46,500,000 versus a total put value of 38,654,250,000 Combined total value = 38,700,750,000
Strike 8300 has a total call value of 73,500,000 versus a total put value of 32,568,000,000 Combined total value = 32,641,500,000
Strike 8400 has a total call value of 109,500,000 versus a total put value of 26,860,500,000 Combined total value = 26,970,000,000
Strike 8500 has a total call value of 187,500,000 versus a total put value of 21,604,500,000 Combined total value = 21,792,000,000
Strike 8600 has a total call value of 458,250,000 versus a total put value of 17,081,250,000 Combined total value = 17,539,500,000
Strike 8700 has a total call value of 1,159,500,000 versus a total put value of 13,175,250,000 Combined total value = 14,334,750,000
Strike 8800 has a total call value of 2,484,000,000 versus a total put value of 9,833,250,000 Combined total value = 12,317,250,000
Strike 8900 has a total call value of 4,734,000,000 versus a total put value of 7,257,000,000 Combined total value = 11,991,000,000
Strike 9000 has a total call value of 8,056,500,000 versus a total put value of 5,115,750,000 Combined total value = 13,172,250,000
Strike 9100 has a total call value of 13,161,750,000 versus a total put value of 3,809,250,000 Combined total value = 16,971,000,000
Strike 9200 has a total call value of 19,233,750,000 versus a total put value of 2,906,250,000 Combined total value = 22,140,000,000
Strike 9300 has a total call value of 26,817,750,000 versus a total put value of 2,333,250,000 Combined total value = 29,151,000,000
Strike 9400 has a total call value of 35,166,750,000 versus a total put value of 1,930,500,000 Combined total value = 37,097,250,000
Strike 9500 has a total call value of 44,210,250,000 versus a total put value of 1,608,750,000 Combined total value = 45,819,000,000
Strike 9600 has a total call value of 55,097,250,000 versus a total put value of 1,287,000,000 Combined total value = 56,384,250,000
Strike 9700 has a total call value of 66,581,250,000 versus a total put value of 965,250,000 Combined total value = 67,546,500,000
Strike 9800 has a total call value of 78,637,500,000 versus a total put value of 643,500,000 Combined total value = 79,281,000,000
Strike 9900 has a total call value of 91,201,500,000 versus a total put value of 321,750,000 Combined total value = 91,523,250,000
Strike 10000 has a total call value of 104,110,500,000 versus a total put value of 0 Combined total value = 104,110,500,000
Strike 10100 has a total call value of 119,548,500,000 versus a total put value of 0 Combined total value = 119,548,500,000
Strike 10200 has a total call value of 135,189,000,000 versus a total put value of 0 Combined total value = 135,189,000,000
Strike 10300 has a total call value of 151,179,000,000 versus a total put value of 0 Combined total value = 151,179,000,000
Strike 10400 has a total call value of 167,259,000,000 versus a total put value of 0 Combined total value = 167,259,000,000
Strike 10500 has a total call value of 183,624,000,000 versus a total put value of 0 Combined total value = 183,624,000,000
Strike 10600 has a total call value of 199,989,000,000 versus a total put value of 0 Combined total value = 199,989,000,000
Strike 10700 has a total call value of 216,721,500,000 versus a total put value of 0 Combined total value = 216,721,500,000
Strike 10800 has a total call value of 233,454,000,000 versus a total put value of 0 Combined total value = 233,454,000,000
Strike 10900 has a total call value of 250,186,500,000 versus a total put value of 0 Combined total value = 250,186,500,000
Strike 11000 has a total call value of 266,919,000,000 versus a total put value of 0 Combined total value = 266,919,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 409.1 | 420 |
| ABB | 6151 | 6600 |
| ABBOTINDIA | 28285.5 | 29000 |
| ABCAPITAL | 174.64 | 182.5 |
| ABFRL | 270.55 | 280 |
| ACC | 1945.95 | 2060 |
| ADANIENSOL | 779.05 | 780 |
| ADANIENT | 2394.1 | 2500 |
| ADANIGREEN | 1010.25 | 1000 |
| ADANIPORTS | 1124.65 | 1180 |
| ALKEM | 5271.6 | 5400 |
| AMBUJACEM | 514.8 | 550 |
| ANGELONE | 2374.95 | 2500 |
| APLAPOLLO | 1473.4 | 1500 |
| APOLLOHOSP | 6693.9 | 7050 |
| APOLLOTYRE | 453.15 | 470 |
| ASHOKLEY | 210.75 | 220 |
| ASIANPAINT | 2242 | 2320 |
| ASTRAL | 1495.65 | 1600 |
| ATGL | 688.25 | 670 |
| ATUL | 6745.4 | 6800 |
| AUBANK | 578.55 | 565 |
| AUROPHARMA | 1178.05 | 1220 |
| AXISBANK | 1054.55 | 1080 |
| BAJAJ-AUTO | 8610 | 8900 |
| BAJAJFINSV | 1705.85 | 1640 |
| BAJFINANCE | 7334.05 | 7200 |
| BALKRISIND | 2705.8 | 2800 |
| BANDHANBNK | 145.73 | 160 |
| BANKBARODA | 225.02 | 240 |
| BANKINDIA | 94.4 | 98 |
| BATAINDIA | 1343.7 | 1380 |
| BEL | 268.25 | 280 |
| BERGEPAINT | 462.65 | 460 |
| BHARATFORG | 1193.15 | 1260 |
| BHARTIARTL | 1594 | 1600 |
| BHEL | 196.58 | 220 |
| BIOCON | 389.35 | 375 |
| BOSCHLTD | 31634.1 | 33000 |
| BPCL | 270.7 | 280 |
| BRITANNIA | 4869.05 | 4850 |
| BSE | 5452 | 5300 |
| BSOFT | 534.25 | 560 |
| CAMS | 4253.65 | 4700 |
| CANBK | 93.67 | 98 |
| CANFINHOME | 667.7 | 700 |
| CDSL | 1573.2 | 1700 |
| CESC | 153.78 | 160 |
| CGPOWER | 635 | 660 |
| CHAMBLFERT | 474.2 | 490 |
| CHOLAFIN | 1273.75 | 1260 |
| CIPLA | 1444.2 | 1500 |
| COALINDIA | 368.55 | 385 |
| COFORGE | 8590.25 | 9100 |
| COLPAL | 2706.65 | 2800 |
| CONCOR | 761.25 | 780 |
| COROMANDEL | 1826.9 | 1880 |
| CROMPTON | 358.7 | 370 |
| CUB | 167.42 | 170 |
| CUMMINSIND | 2939.55 | 3150 |
| CYIENT | 1698.85 | 1720 |
| DABUR | 511.3 | 515 |
| DALBHARAT | 1732.35 | 1740 |
| DEEPAKNTR | 2338.75 | 2450 |
| DELHIVERY | 324.9 | 335 |
| DIVISLAB | 5960.05 | 5900 |
| DIXON | 16199.2 | 17000 |
| DLF | 724.35 | 770 |
| DMART | 3468.7 | 3700 |
| DRREDDY | 1335.95 | 1350 |
| EICHERMOT | 5015.4 | 5000 |
| ESCORTS | 3434.35 | 3300 |
| EXIDEIND | 382.65 | 410 |
| FEDERALBNK | 193.19 | 197.5 |
| GAIL | 175.88 | 190 |
| GLENMARK | 1512.65 | 1560 |
| GMRAIRPORT | 71.65 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 537.2 | 550 |
| GODREJCP | 1138.4 | 1140 |
| GODREJPROP | 2302.3 | 2500 |
| GRANULES | 589 | 590 |
| GRASIM | 2298.15 | 2480 |
| GUJGASLTD | 487.5 | 495 |
| HAL | 3823.85 | 4150 |
| HAVELLS | 1541.7 | 1600 |
| HCLTECH | 1823.95 | 1840 |
| HDFCAMC | 3910 | 3950 |
| HDFCBANK | 1651.1 | 1700 |
| HDFCLIFE | 599.9 | 620 |
| HEROMOTOCO | 4101.8 | 4200 |
| HFCL | 98.06 | 105 |
| HINDALCO | 589.1 | 600 |
| HINDCOPPER | 226.69 | 250 |
| HINDPETRO | 372.4 | 390 |
| HINDUNILVR | 2370.95 | 2400 |
| HUDCO | 214.6 | 220 |
| ICICIBANK | 1238.6 | 1270 |
| ICICIGI | 1822.6 | 1860 |
| ICICIPRULI | 639.25 | 660 |
| IDEA | 8.1 | 8 |
| IDFCFIRSTB | 62.28 | 63 |
| IEX | 167.06 | 177.5 |
| IGL | 411.4 | 410 |
| INDHOTEL | 775 | 800 |
| INDIAMART | 2249.3 | 2300 |
| INDIANB | 505.2 | 520 |
| INDIGO | 4002.9 | 4300 |
| INDUSINDBK | 971 | 980 |
| INDUSTOWER | 340 | 340 |
| INFY | 1942.2 | 1940 |
| IOC | 126.72 | 135 |
| IPCALAB | 1586.05 | 1640 |
| IRB | 51.27 | 55 |
| IRCTC | 757.5 | 790 |
| IRFC | 134.5 | 137.5 |
| ITC | 436.25 | 445 |
| JINDALSTEL | 912.45 | 940 |
| JIOFIN | 272.35 | 285 |
| JKCEMENT | 4375.05 | 4500 |
| JSL | 628.6 | 630 |
| JSWENERGY | 549.9 | 570 |
| JSWSTEEL | 905.4 | 920 |
| JUBLFOOD | 708.2 | 730 |
| KALYANKJIL | 599.3 | 640 |
| KEI | 4038.25 | 4200 |
| KOTAKBANK | 1757.85 | 1800 |
| KPITTECH | 1329.65 | 1400 |
| LALPATHLAB | 2806.1 | 2950 |
| LAURUSLABS | 566 | 590 |
| LICHSGFIN | 552.95 | 580 |
| LICI | 824.45 | 860 |
| LODHA | 1144.2 | 1260 |
| LT | 3460 | 3600 |
| LTF | 133.22 | 140 |
| LTIM | 5775.3 | 5800 |
| LTTS | 4715.75 | 4800 |
| LUPIN | 2153.25 | 2240 |
| M&M | 3050.95 | 3100 |
| M&MFIN | 266.6 | 270 |
| MANAPPURAM | 177.55 | 190 |
| MARICO | 658.25 | 660 |
| MARUTI | 11724.3 | 11600 |
| MAXHEALTH | 1082.95 | 1140 |
| MCX | 5718.3 | 6000 |
| METROPOLIS | 1875.75 | 2000 |
| MFSL | 1055 | 1100 |
| MGL | 1275.1 | 1280 |
| MOTHERSON | 145.42 | 155 |
| MPHASIS | 2782 | 2900 |
| MRF | 114478.35 | 118000 |
| MUTHOOTFIN | 2124.85 | 2140 |
| NATIONALUM | 198.93 | 210 |
| NAUKRI | 7457.15 | 8000 |
| NAVINFLUOR | 3608.35 | 3650 |
| NCC | 246.05 | 260 |
| NESTLEIND | 2215.6 | 2200 |
| NHPC | 76.89 | 78 |
| NMDC | 63.22 | 67 |
| NTPC | 309.8 | 320 |
| NYKAA | 165.35 | 167.5 |
| OBEROIRLTY | 1988.05 | 2140 |
| OFSS | 10748.3 | 11500 |
| OIL | 467.25 | 460 |
| ONGC | 259.75 | 257.5 |
| PAGEIND | 46342.2 | 47000 |
| PAYTM | 821.05 | 880 |
| PEL | 1025.75 | 1080 |
| PERSISTENT | 5885.9 | 6200 |
| PETRONET | 325.3 | 335 |
| PFC | 418 | 440 |
| PIDILITIND | 2812.6 | 2900 |
| PIIND | 3472.05 | 3600 |
| PNB | 98.54 | 102 |
| POLICYBZR | 1741.95 | 1900 |
| POLYCAB | 6453.6 | 6700 |
| POONAWALLA | 308.65 | 315 |
| POWERGRID | 290.4 | 305 |
| PRESTIGE | 1426.15 | 1550 |
| PVRINOX | 1086.1 | 1180 |
| RAMCOCEM | 884.1 | 930 |
| RBLBANK | 153.48 | 160 |
| RECLTD | 476.25 | 500 |
| RELIANCE | 1232.7 | 1250 |
| SAIL | 106.25 | 110 |
| SBICARD | 732.75 | 730 |
| SBILIFE | 1495.55 | 1440 |
| SBIN | 754 | 780 |
| SHREECEM | 25087.95 | 25750 |
| SHRIRAMFIN | 542.15 | 570 |
| SIEMENS | 5854.25 | 6300 |
| SJVN | 94.26 | 100 |
| SONACOMS | 566.75 | 580 |
| SRF | 2505.7 | 2560 |
| SUNPHARMA | 1766.3 | 1820 |
| SUNTV | 657.5 | 670 |
| SUPREMEIND | 4386.5 | 4500 |
| SYNGENE | 827.3 | 850 |
| TATACHEM | 969.75 | 1020 |
| TATACOMM | 1679.8 | 1740 |
| TATACONSUM | 961.65 | 950 |
| TATAELXSI | 6080 | 6200 |
| TATAMOTORS | 771.35 | 780 |
| TATAPOWER | 356.2 | 380 |
| TATASTEEL | 127.2 | 135 |
| TCS | 4238.75 | 4200 |
| TECHM | 1657.75 | 1680 |
| TIINDIA | 3307.2 | 3550 |
| TITAN | 3317.3 | 3400 |
| TORNTPHARM | 3242.1 | 3350 |
| TRENT | 6175 | 6700 |
| TVSMOTOR | 2236.1 | 2320 |
| UBL | 1960.7 | 2000 |
| ULTRACEMCO | 10475.95 | 11100 |
| UNIONBANK | 104.16 | 110 |
| UNITDSPR | 1413.2 | 1500 |
| UPL | 541.45 | 530 |
| VBL | 567.2 | 600 |
| VEDL | 431.5 | 450 |
| VOLTAS | 1639.8 | 1720 |
| WIPRO | 293.1 | 295 |
| YESBANK | 17.91 | 19 |
| ZOMATO | 235 | 250 |
| ZYDUSLIFE | 995.3 | 1000 |
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.
