BAJAJ-AUTO
Bajaj Auto Limited
Max pain for BAJAJ-AUTO
28 Feb 2025 04:11 PM IST
Max Pain for BAJAJ-AUTO is 8300
Strike 6800 has a total call value of 0 versus a total put value of 59,782,500,000 Combined total value = 59,782,500,000
Strike 6900 has a total call value of 0 versus a total put value of 55,463,250,000 Combined total value = 55,463,250,000
Strike 7000 has a total call value of 0 versus a total put value of 51,144,000,000 Combined total value = 51,144,000,000
Strike 7100 has a total call value of 0 versus a total put value of 47,153,250,000 Combined total value = 47,153,250,000
Strike 7200 has a total call value of 0 versus a total put value of 43,162,500,000 Combined total value = 43,162,500,000
Strike 7300 has a total call value of 0 versus a total put value of 39,330,750,000 Combined total value = 39,330,750,000
Strike 7400 has a total call value of 0 versus a total put value of 35,548,500,000 Combined total value = 35,548,500,000
Strike 7500 has a total call value of 0 versus a total put value of 31,884,000,000 Combined total value = 31,884,000,000
Strike 7600 has a total call value of 7,500,000 versus a total put value of 28,413,750,000 Combined total value = 28,421,250,000
Strike 7700 has a total call value of 15,000,000 versus a total put value of 25,083,000,000 Combined total value = 25,098,000,000
Strike 7800 has a total call value of 30,750,000 versus a total put value of 21,822,000,000 Combined total value = 21,852,750,000
Strike 7900 has a total call value of 46,500,000 versus a total put value of 18,840,750,000 Combined total value = 18,887,250,000
Strike 8000 has a total call value of 121,500,000 versus a total put value of 16,005,000,000 Combined total value = 16,126,500,000
Strike 8100 has a total call value of 552,000,000 versus a total put value of 13,575,000,000 Combined total value = 14,127,000,000
Strike 8200 has a total call value of 1,263,000,000 versus a total put value of 11,322,750,000 Combined total value = 12,585,750,000
Strike 8300 has a total call value of 2,489,250,000 versus a total put value of 9,360,000,000 Combined total value = 11,849,250,000
Strike 8400 has a total call value of 4,113,000,000 versus a total put value of 7,808,250,000 Combined total value = 11,921,250,000
Strike 8500 has a total call value of 6,296,250,000 versus a total put value of 6,484,500,000 Combined total value = 12,780,750,000
Strike 8600 has a total call value of 9,320,250,000 versus a total put value of 5,530,500,000 Combined total value = 14,850,750,000
Strike 8700 has a total call value of 12,662,250,000 versus a total put value of 4,702,500,000 Combined total value = 17,364,750,000
Strike 8800 has a total call value of 16,353,750,000 versus a total put value of 3,958,500,000 Combined total value = 20,312,250,000
Strike 8900 has a total call value of 20,478,750,000 versus a total put value of 3,313,500,000 Combined total value = 23,792,250,000
Strike 9000 has a total call value of 24,771,750,000 versus a total put value of 2,668,500,000 Combined total value = 27,440,250,000
Strike 9100 has a total call value of 29,874,000,000 versus a total put value of 2,313,750,000 Combined total value = 32,187,750,000
Strike 9200 has a total call value of 35,050,500,000 versus a total put value of 1,959,000,000 Combined total value = 37,009,500,000
Strike 9300 has a total call value of 40,516,500,000 versus a total put value of 1,611,750,000 Combined total value = 42,128,250,000
Strike 9400 has a total call value of 46,009,500,000 versus a total put value of 1,272,750,000 Combined total value = 47,282,250,000
Strike 9500 has a total call value of 51,603,000,000 versus a total put value of 933,750,000 Combined total value = 52,536,750,000
Strike 9600 has a total call value of 57,424,500,000 versus a total put value of 759,000,000 Combined total value = 58,183,500,000
Strike 9700 has a total call value of 63,258,750,000 versus a total put value of 584,250,000 Combined total value = 63,843,000,000
Strike 9800 has a total call value of 69,122,250,000 versus a total put value of 409,500,000 Combined total value = 69,531,750,000
Strike 9900 has a total call value of 74,985,750,000 versus a total put value of 234,750,000 Combined total value = 75,220,500,000
Strike 10000 has a total call value of 80,849,250,000 versus a total put value of 60,000,000 Combined total value = 80,909,250,000
Strike 10100 has a total call value of 87,184,500,000 versus a total put value of 45,000,000 Combined total value = 87,229,500,000
Strike 10200 has a total call value of 93,519,750,000 versus a total put value of 30,000,000 Combined total value = 93,549,750,000
Strike 10300 has a total call value of 99,855,000,000 versus a total put value of 15,000,000 Combined total value = 99,870,000,000
Strike 10400 has a total call value of 106,190,250,000 versus a total put value of 0 Combined total value = 106,190,250,000
Strike 10500 has a total call value of 112,557,000,000 versus a total put value of 0 Combined total value = 112,557,000,000
Strike 10600 has a total call value of 118,923,750,000 versus a total put value of 0 Combined total value = 118,923,750,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 376 | 400 |
| ABB | 4935.4 | 5200 |
| ABCAPITAL | 156.33 | 165 |
| ABFRL | 242.15 | 255 |
| ACC | 1818.55 | 2000 |
| ADANIENSOL | 650.9 | 680 |
| ADANIENT | 2096 | 2500 |
| ADANIGREEN | 774.4 | 820 |
| ADANIPORTS | 1069.4 | 1100 |
| ALKEM | 4646.2 | 4650 |
| AMBUJACEM | 464.95 | 510 |
| ANGELONE | 2169.15 | 2100 |
| APLAPOLLO | 1438.95 | 1460 |
| APOLLOHOSP | 6052.6 | 6200 |
| APOLLOTYRE | 374.3 | 400 |
| ASHOKLEY | 212.94 | 220 |
| ASIANPAINT | 2179.75 | 2260 |
| ASTRAL | 1337.25 | 1400 |
| ATGL | 557.15 | 560 |
| AUBANK | 565.7 | 555 |
| AUROPHARMA | 1058.3 | 1100 |
| AXISBANK | 1015.55 | 1030 |
| BAJAJ-AUTO | 7902.9 | 8300 |
| BAJAJFINSV | 1872.3 | 1900 |
| BAJFINANCE | 8530.3 | 8500 |
| BALKRISIND | 2615.65 | 2700 |
| BANDHANBNK | 141.19 | 145 |
| BANKBARODA | 197.07 | 215 |
| BANKINDIA | 95.16 | 100 |
| BEL | 246.25 | 260 |
| BERGEPAINT | 488.55 | 490 |
| BHARATFORG | 1016.5 | 1040 |
| BHARTIARTL | 1570.2 | 1620 |
| BHEL | 179.17 | 195 |
| BIOCON | 302.45 | 320 |
| BOSCHLTD | 26544 | 30000 |
| BPCL | 237.3 | 250 |
| BRITANNIA | 4595.45 | 4800 |
| BSE | 4633.7 | 5100 |
| BSOFT | 424.05 | 450 |
| CAMS | 3143.1 | 3300 |
| CANBK | 80.9 | 88 |
| CDSL | 1107.9 | 1200 |
| CESC | 130.79 | 135 |
| CGPOWER | 572.6 | 580 |
| CHAMBLFERT | 533.7 | 550 |
| CHOLAFIN | 1400.75 | 1400 |
| CIPLA | 1407.5 | 1460 |
| COALINDIA | 369.35 | 380 |
| COFORGE | 7362.15 | 7400 |
| COLPAL | 2464.6 | 2500 |
| CONCOR | 623.7 | 680 |
| CROMPTON | 321.15 | 330 |
| CUMMINSIND | 2717.95 | 2800 |
| CYIENT | 1267.15 | 1300 |
| DABUR | 493.3 | 510 |
| DALBHARAT | 1689.65 | 1700 |
| DEEPAKNTR | 1851.3 | 1900 |
| DELHIVERY | 249.85 | 260 |
| DIVISLAB | 5480.25 | 5650 |
| DIXON | 13935.85 | 14000 |
| DLF | 635.55 | 670 |
| DMART | 3403.95 | 3550 |
| DRREDDY | 1116.5 | 1150 |
| EICHERMOT | 4773.6 | 4950 |
| ESCORTS | 2868.95 | 3000 |
| EXIDEIND | 347.8 | 370 |
| FEDERALBNK | 177.62 | 180 |
| GAIL | 156.04 | 160 |
| GLENMARK | 1278.95 | 1300 |
| GMRAIRPORT | 69.47 | 71 |
| GODREJCP | 1005.15 | 1030 |
| GODREJPROP | 1936.3 | 2000 |
| GRANULES | 461.8 | 490 |
| GRASIM | 2306.65 | 2360 |
| HAL | 3088.2 | 3400 |
| HAVELLS | 1421.8 | 1440 |
| HCLTECH | 1575.05 | 1640 |
| HDFCAMC | 3628.3 | 3800 |
| HDFCBANK | 1732.4 | 1720 |
| HDFCLIFE | 608.5 | 620 |
| HEROMOTOCO | 3681.1 | 3800 |
| HFCL | 79.19 | 85 |
| HINDALCO | 634.35 | 630 |
| HINDCOPPER | 202.32 | 220 |
| HINDPETRO | 293.75 | 310 |
| HINDUNILVR | 2190.25 | 2300 |
| HUDCO | 165.14 | 180 |
| ICICIBANK | 1204.1 | 1250 |
| ICICIGI | 1690.95 | 1720 |
| ICICIPRULI | 551.6 | 560 |
| IDEA | 7.55 | 8 |
| IDFCFIRSTB | 58.39 | 61 |
| IEX | 155.93 | 165 |
| IGL | 189.48 | 195 |
| INDHOTEL | 716.1 | 740 |
| INDIANB | 510.8 | 520 |
| INDIGO | 4477.3 | 4500 |
| INDUSINDBK | 990.1 | 1040 |
| INDUSTOWER | 323.35 | 345 |
| INFY | 1687.7 | 1760 |
| IOC | 113.49 | 120 |
| IRB | 43.26 | 45 |
| IRCTC | 670.95 | 710 |
| IRFC | 112.42 | 115 |
| ITC | 395 | 405 |
| JINDALSTEL | 856.15 | 880 |
| JIOFIN | 207.61 | 220 |
| JKCEMENT | 4389.35 | 4500 |
| JSL | 584.85 | 610 |
| JSWENERGY | 464.1 | 460 |
| JSWSTEEL | 950.7 | 970 |
| JUBLFOOD | 626.1 | 650 |
| KALYANKJIL | 462.25 | 460 |
| KEI | 3070.15 | 3000 |
| KOTAKBANK | 1902.95 | 1940 |
| KPITTECH | 1197.4 | 1260 |
| LAURUSLABS | 527.2 | 540 |
| LICHSGFIN | 496.9 | 530 |
| LICI | 740.5 | 760 |
| LODHA | 1130.9 | 1200 |
| LT | 3163.85 | 3300 |
| LTF | 134.73 | 140 |
| LTIM | 4665.95 | 5000 |
| LTTS | 4533.2 | 4700 |
| LUPIN | 1904.65 | 1900 |
| M&M | 2585.1 | 2700 |
| M&MFIN | 270.6 | 280 |
| MANAPPURAM | 200.96 | 200 |
| MARICO | 600.6 | 620 |
| MARUTI | 11945.85 | 12200 |
| MAXHEALTH | 978.1 | 1020 |
| MCX | 4991.65 | 5400 |
| MFSL | 998.1 | 1040 |
| MGL | 1237.5 | 1300 |
| MOTHERSON | 118.59 | 125 |
| MPHASIS | 2247.25 | 2350 |
| MRF | 105373.7 | 110000 |
| MUTHOOTFIN | 2132.8 | 2200 |
| NATIONALUM | 177.6 | 186 |
| NAUKRI | 6992.65 | 7300 |
| NBCC | 72.86 | 77.5 |
| NCC | 175 | 180 |
| NESTLEIND | 2189.65 | 2260 |
| NHPC | 72.9 | 75 |
| NMDC | 62.48 | 69 |
| NTPC | 311.45 | 320 |
| NYKAA | 158.8 | 160 |
| OBEROIRLTY | 1484.5 | 1520 |
| OFSS | 7763.9 | 8000 |
| OIL | 342.7 | 370 |
| ONGC | 225.25 | 235 |
| PAGEIND | 40515.95 | 42000 |
| PAYTM | 714.95 | 740 |
| PEL | 872.4 | 940 |
| PERSISTENT | 5303.9 | 5400 |
| PETRONET | 283.3 | 290 |
| PFC | 364.3 | 390 |
| PHOENIXLTD | 1548.1 | 1500 |
| PIDILITIND | 2657.9 | 2800 |
| PIIND | 3013.95 | 3100 |
| PNB | 87.39 | 95 |
| POLICYBZR | 1463.6 | 1550 |
| POLYCAB | 4713.4 | 4900 |
| POONAWALLA | 281.3 | 280 |
| POWERGRID | 250.85 | 265 |
| PRESTIGE | 1126.6 | 1150 |
| RAMCOCEM | 829 | 850 |
| RBLBANK | 158.34 | 160 |
| RECLTD | 360.3 | 390 |
| RELIANCE | 1200.1 | 1250 |
| SAIL | 105.02 | 110 |
| SBICARD | 838.8 | 850 |
| SBILIFE | 1430.5 | 1480 |
| SBIN | 688.8 | 720 |
| SHREECEM | 27284 | 27250 |
| SHRIRAMFIN | 617.3 | 610 |
| SIEMENS | 4623.5 | 4800 |
| SJVN | 84.11 | 87.5 |
| SOLARINDS | 8710.6 | 9000 |
| SONACOMS | 493.9 | 500 |
| SRF | 2795.4 | 2800 |
| SUNPHARMA | 1593.25 | 1640 |
| SUPREMEIND | 3329 | 3500 |
| SYNGENE | 652.4 | 700 |
| TATACHEM | 777.35 | 840 |
| TATACOMM | 1352.5 | 1400 |
| TATACONSUM | 963.7 | 1000 |
| TATAELXSI | 5411.1 | 5500 |
| TATAMOTORS | 620.65 | 660 |
| TATAPOWER | 339.2 | 360 |
| TATASTEEL | 137.2 | 140 |
| TCS | 3483.25 | 3650 |
| TECHM | 1487.85 | 1560 |
| TIINDIA | 2462.15 | 2600 |
| TITAN | 3077.25 | 3200 |
| TORNTPHARM | 2948.1 | 3000 |
| TORNTPOWER | 1262.95 | 1300 |
| TRENT | 4851.55 | 5000 |
| TVSMOTOR | 2225.5 | 2320 |
| ULTRACEMCO | 10128.45 | 10500 |
| UNIONBANK | 112.1 | 115 |
| UNITDSPR | 1284.45 | 1300 |
| UPL | 632.95 | 640 |
| USDINR | 0 | 77.25 |
| VBL | 436.05 | 470 |
| VEDL | 394.75 | 430 |
| VOLTAS | 1320.1 | 1300 |
| WIPRO | 277.65 | 290 |
| YESBANK | 16.75 | 18 |
| ZOMATO | 222.1 | 230 |
| ZYDUSLIFE | 876.6 | 900 |
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.
