BAJAJ-AUTO
Bajaj Auto Limited
Max pain for BAJAJ-AUTO
12 Nov 2024 04:11 PM IST
Max Pain for BAJAJ-AUTO is 9900
Strike 8000 has a total call value of 0 versus a total put value of 155,466,750,000 Combined total value = 155,466,750,000
Strike 8100 has a total call value of 0 versus a total put value of 145,557,000,000 Combined total value = 145,557,000,000
Strike 8200 has a total call value of 0 versus a total put value of 135,647,250,000 Combined total value = 135,647,250,000
Strike 8300 has a total call value of 0 versus a total put value of 125,774,250,000 Combined total value = 125,774,250,000
Strike 8400 has a total call value of 0 versus a total put value of 115,904,250,000 Combined total value = 115,904,250,000
Strike 8500 has a total call value of 0 versus a total put value of 106,290,000,000 Combined total value = 106,290,000,000
Strike 8600 has a total call value of 0 versus a total put value of 96,865,500,000 Combined total value = 96,865,500,000
Strike 8700 has a total call value of 0 versus a total put value of 87,653,250,000 Combined total value = 87,653,250,000
Strike 8800 has a total call value of 0 versus a total put value of 78,558,750,000 Combined total value = 78,558,750,000
Strike 8900 has a total call value of 0 versus a total put value of 69,798,750,000 Combined total value = 69,798,750,000
Strike 9000 has a total call value of 0 versus a total put value of 61,193,250,000 Combined total value = 61,193,250,000
Strike 9100 has a total call value of 60,000,000 versus a total put value of 53,631,750,000 Combined total value = 53,691,750,000
Strike 9200 has a total call value of 120,000,000 versus a total put value of 46,302,750,000 Combined total value = 46,422,750,000
Strike 9300 has a total call value of 180,000,000 versus a total put value of 39,356,250,000 Combined total value = 39,536,250,000
Strike 9400 has a total call value of 315,750,000 versus a total put value of 32,886,000,000 Combined total value = 33,201,750,000
Strike 9500 has a total call value of 739,500,000 versus a total put value of 27,015,750,000 Combined total value = 27,755,250,000
Strike 9600 has a total call value of 1,581,000,000 versus a total put value of 22,475,250,000 Combined total value = 24,056,250,000
Strike 9700 has a total call value of 2,608,500,000 versus a total put value of 18,302,250,000 Combined total value = 20,910,750,000
Strike 9800 has a total call value of 4,018,500,000 versus a total put value of 14,676,000,000 Combined total value = 18,694,500,000
Strike 9900 has a total call value of 6,163,500,000 versus a total put value of 11,675,250,000 Combined total value = 17,838,750,000
Strike 10000 has a total call value of 9,261,000,000 versus a total put value of 9,093,750,000 Combined total value = 18,354,750,000
Strike 10100 has a total call value of 14,899,500,000 versus a total put value of 7,617,000,000 Combined total value = 22,516,500,000
Strike 10200 has a total call value of 21,271,500,000 versus a total put value of 6,338,250,000 Combined total value = 27,609,750,000
Strike 10300 has a total call value of 28,978,500,000 versus a total put value of 5,182,500,000 Combined total value = 34,161,000,000
Strike 10400 has a total call value of 37,634,250,000 versus a total put value of 4,161,750,000 Combined total value = 41,796,000,000
Strike 10500 has a total call value of 46,993,500,000 versus a total put value of 3,247,500,000 Combined total value = 50,241,000,000
Strike 10600 has a total call value of 59,529,000,000 versus a total put value of 2,706,000,000 Combined total value = 62,235,000,000
Strike 10700 has a total call value of 72,955,500,000 versus a total put value of 2,164,500,000 Combined total value = 75,120,000,000
Strike 10800 has a total call value of 87,327,000,000 versus a total put value of 1,679,250,000 Combined total value = 89,006,250,000
Strike 10900 has a total call value of 102,649,500,000 versus a total put value of 1,194,000,000 Combined total value = 103,843,500,000
Strike 11000 has a total call value of 118,575,750,000 versus a total put value of 708,750,000 Combined total value = 119,284,500,000
Strike 11100 has a total call value of 139,023,000,000 versus a total put value of 567,000,000 Combined total value = 139,590,000,000
Strike 11200 has a total call value of 159,862,500,000 versus a total put value of 425,250,000 Combined total value = 160,287,750,000
Strike 11300 has a total call value of 181,281,750,000 versus a total put value of 283,500,000 Combined total value = 181,565,250,000
Strike 11400 has a total call value of 202,967,250,000 versus a total put value of 141,750,000 Combined total value = 203,109,000,000
Strike 11500 has a total call value of 224,861,250,000 versus a total put value of 0 Combined total value = 224,861,250,000
Strike 11600 has a total call value of 248,443,500,000 versus a total put value of 0 Combined total value = 248,443,500,000
Strike 11700 has a total call value of 272,242,500,000 versus a total put value of 0 Combined total value = 272,242,500,000
Strike 11800 has a total call value of 296,105,250,000 versus a total put value of 0 Combined total value = 296,105,250,000
Strike 11900 has a total call value of 320,187,000,000 versus a total put value of 0 Combined total value = 320,187,000,000
Strike 12000 has a total call value of 344,268,750,000 versus a total put value of 0 Combined total value = 344,268,750,000
Strike 12100 has a total call value of 370,576,500,000 versus a total put value of 0 Combined total value = 370,576,500,000
Strike 12200 has a total call value of 396,884,250,000 versus a total put value of 0 Combined total value = 396,884,250,000
Strike 12300 has a total call value of 423,302,250,000 versus a total put value of 0 Combined total value = 423,302,250,000
Strike 12400 has a total call value of 449,720,250,000 versus a total put value of 0 Combined total value = 449,720,250,000
Strike 12500 has a total call value of 476,209,500,000 versus a total put value of 0 Combined total value = 476,209,500,000
Strike 12600 has a total call value of 503,082,000,000 versus a total put value of 0 Combined total value = 503,082,000,000
Strike 12700 has a total call value of 529,954,500,000 versus a total put value of 0 Combined total value = 529,954,500,000
Strike 12800 has a total call value of 556,827,000,000 versus a total put value of 0 Combined total value = 556,827,000,000
Strike 12900 has a total call value of 583,699,500,000 versus a total put value of 0 Combined total value = 583,699,500,000
Strike 13000 has a total call value of 610,572,000,000 versus a total put value of 0 Combined total value = 610,572,000,000
Strike 13100 has a total call value of 637,527,750,000 versus a total put value of 0 Combined total value = 637,527,750,000
Strike 13200 has a total call value of 664,483,500,000 versus a total put value of 0 Combined total value = 664,483,500,000
Strike 13300 has a total call value of 691,439,250,000 versus a total put value of 0 Combined total value = 691,439,250,000
Strike 13400 has a total call value of 718,395,000,000 versus a total put value of 0 Combined total value = 718,395,000,000
Strike 13500 has a total call value of 745,350,750,000 versus a total put value of 0 Combined total value = 745,350,750,000
Strike 13600 has a total call value of 772,306,500,000 versus a total put value of 0 Combined total value = 772,306,500,000
Strike 13700 has a total call value of 799,262,250,000 versus a total put value of 0 Combined total value = 799,262,250,000
Strike 13800 has a total call value of 826,218,000,000 versus a total put value of 0 Combined total value = 826,218,000,000
Strike 13900 has a total call value of 853,173,750,000 versus a total put value of 0 Combined total value = 853,173,750,000
Strike 14000 has a total call value of 880,129,500,000 versus a total put value of 0 Combined total value = 880,129,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 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.
