BAJAJ-AUTO
Bajaj Auto Limited
Max pain for BAJAJ-AUTO
21 Nov 2024 02:31 PM IST
Max Pain for BAJAJ-AUTO is 9700
Strike 8000 has a total call value of 0 versus a total put value of 140,765,250,000 Combined total value = 140,765,250,000
Strike 8100 has a total call value of 0 versus a total put value of 131,436,000,000 Combined total value = 131,436,000,000
Strike 8200 has a total call value of 0 versus a total put value of 122,106,750,000 Combined total value = 122,106,750,000
Strike 8300 has a total call value of 0 versus a total put value of 112,811,250,000 Combined total value = 112,811,250,000
Strike 8400 has a total call value of 0 versus a total put value of 103,515,750,000 Combined total value = 103,515,750,000
Strike 8500 has a total call value of 0 versus a total put value of 94,467,000,000 Combined total value = 94,467,000,000
Strike 8600 has a total call value of 0 versus a total put value of 85,663,500,000 Combined total value = 85,663,500,000
Strike 8700 has a total call value of 0 versus a total put value of 77,016,000,000 Combined total value = 77,016,000,000
Strike 8800 has a total call value of 0 versus a total put value of 68,486,250,000 Combined total value = 68,486,250,000
Strike 8900 has a total call value of 0 versus a total put value of 60,271,500,000 Combined total value = 60,271,500,000
Strike 9000 has a total call value of 0 versus a total put value of 52,203,000,000 Combined total value = 52,203,000,000
Strike 9100 has a total call value of 67,500,000 versus a total put value of 45,249,000,000 Combined total value = 45,316,500,000
Strike 9200 has a total call value of 135,000,000 versus a total put value of 38,558,250,000 Combined total value = 38,693,250,000
Strike 9300 has a total call value of 251,250,000 versus a total put value of 32,265,750,000 Combined total value = 32,517,000,000
Strike 9400 has a total call value of 457,500,000 versus a total put value of 26,499,750,000 Combined total value = 26,957,250,000
Strike 9500 has a total call value of 1,074,750,000 versus a total put value of 21,500,250,000 Combined total value = 22,575,000,000
Strike 9600 has a total call value of 2,935,500,000 versus a total put value of 17,949,000,000 Combined total value = 20,884,500,000
Strike 9700 has a total call value of 5,768,250,000 versus a total put value of 14,903,250,000 Combined total value = 20,671,500,000
Strike 9800 has a total call value of 9,705,750,000 versus a total put value of 12,321,000,000 Combined total value = 22,026,750,000
Strike 9900 has a total call value of 14,924,250,000 versus a total put value of 10,245,000,000 Combined total value = 25,169,250,000
Strike 10000 has a total call value of 21,290,250,000 versus a total put value of 8,454,750,000 Combined total value = 29,745,000,000
Strike 10100 has a total call value of 30,385,500,000 versus a total put value of 7,512,750,000 Combined total value = 37,898,250,000
Strike 10200 has a total call value of 40,336,500,000 versus a total put value of 6,762,750,000 Combined total value = 47,099,250,000
Strike 10300 has a total call value of 51,743,250,000 versus a total put value of 6,012,750,000 Combined total value = 57,756,000,000
Strike 10400 has a total call value of 63,932,250,000 versus a total put value of 5,394,000,000 Combined total value = 69,326,250,000
Strike 10500 has a total call value of 76,919,250,000 versus a total put value of 4,775,250,000 Combined total value = 81,694,500,000
Strike 10600 has a total call value of 92,825,250,000 versus a total put value of 4,156,500,000 Combined total value = 96,981,750,000
Strike 10700 has a total call value of 109,572,000,000 versus a total put value of 3,537,750,000 Combined total value = 113,109,750,000
Strike 10800 has a total call value of 127,075,500,000 versus a total put value of 2,968,500,000 Combined total value = 130,044,000,000
Strike 10900 has a total call value of 145,327,500,000 versus a total put value of 2,399,250,000 Combined total value = 147,726,750,000
Strike 11000 has a total call value of 163,912,500,000 versus a total put value of 1,830,000,000 Combined total value = 165,742,500,000
Strike 11100 has a total call value of 186,294,750,000 versus a total put value of 1,579,500,000 Combined total value = 187,874,250,000
Strike 11200 has a total call value of 209,154,750,000 versus a total put value of 1,329,000,000 Combined total value = 210,483,750,000
Strike 11300 has a total call value of 232,411,500,000 versus a total put value of 1,078,500,000 Combined total value = 233,490,000,000
Strike 11400 has a total call value of 255,846,000,000 versus a total put value of 828,000,000 Combined total value = 256,674,000,000
Strike 11500 has a total call value of 279,603,000,000 versus a total put value of 577,500,000 Combined total value = 280,180,500,000
Strike 11600 has a total call value of 304,812,750,000 versus a total put value of 462,000,000 Combined total value = 305,274,750,000
Strike 11700 has a total call value of 330,191,250,000 versus a total put value of 346,500,000 Combined total value = 330,537,750,000
Strike 11800 has a total call value of 355,622,250,000 versus a total put value of 231,000,000 Combined total value = 355,853,250,000
Strike 11900 has a total call value of 381,243,750,000 versus a total put value of 115,500,000 Combined total value = 381,359,250,000
Strike 12000 has a total call value of 406,865,250,000 versus a total put value of 0 Combined total value = 406,865,250,000
Strike 12100 has a total call value of 433,839,000,000 versus a total put value of 0 Combined total value = 433,839,000,000
Strike 12200 has a total call value of 460,812,750,000 versus a total put value of 0 Combined total value = 460,812,750,000
Strike 12300 has a total call value of 487,872,000,000 versus a total put value of 0 Combined total value = 487,872,000,000
Strike 12400 has a total call value of 514,931,250,000 versus a total put value of 0 Combined total value = 514,931,250,000
Strike 12500 has a total call value of 542,055,000,000 versus a total put value of 0 Combined total value = 542,055,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.15 | 470 |
| ABB | 6755.4 | 7000 |
| ABBOTINDIA | 27000.1 | 28000 |
| ABCAPITAL | 183.71 | 200 |
| ABFRL | 285 | 300 |
| ACC | 2039.7 | 2220 |
| ADANIENT | 2270.3 | 2600 |
| ADANIPORTS | 1132.65 | 1200 |
| ALKEM | 5587.2 | 5500 |
| AMBUJACEM | 492.7 | 540 |
| APOLLOHOSP | 6725.9 | 6900 |
| APOLLOTYRE | 482.95 | 480 |
| ASHOKLEY | 217.44 | 220 |
| ASIANPAINT | 2430.7 | 2540 |
| ASTRAL | 1711.7 | 1780 |
| ATUL | 7236.45 | 7500 |
| AUBANK | 593.6 | 590 |
| AUROPHARMA | 1218.6 | 1300 |
| AXISBANK | 1140 | 1150 |
| BAJAJ-AUTO | 9484.35 | 9700 |
| BAJAJFINSV | 1570.15 | 1620 |
| BAJFINANCE | 6465.5 | 6700 |
| BALKRISIND | 2736.1 | 2800 |
| BANDHANBNK | 166.32 | 180 |
| BANKBARODA | 228.8 | 240 |
| BATAINDIA | 1280 | 1310 |
| BEL | 274.15 | 285 |
| BERGEPAINT | 465.25 | 495 |
| BHARATFORG | 1294.15 | 1340 |
| BHARTIARTL | 1521 | 1540 |
| BHEL | 227.58 | 235 |
| BIOCON | 323.7 | 330 |
| BOSCHLTD | 34087.8 | 34000 |
| BPCL | 281.95 | 300 |
| BRITANNIA | 4771.6 | 5000 |
| BSOFT | 545.2 | 560 |
| CANBK | 94.6 | 100 |
| CANFINHOME | 820.1 | 830 |
| CHAMBLFERT | 455.45 | 480 |
| CHOLAFIN | 1206.9 | 1240 |
| CIPLA | 1461.85 | 1520 |
| COALINDIA | 404.95 | 425 |
| COFORGE | 8198.3 | 8000 |
| COLPAL | 2687 | 2800 |
| CONCOR | 767.25 | 810 |
| COROMANDEL | 1771.6 | 1720 |
| CROMPTON | 381.3 | 390 |
| CUB | 170 | 175 |
| CUMMINSIND | 3290.95 | 3400 |
| DABUR | 505.15 | 525 |
| DALBHARAT | 1775.7 | 1760 |
| DEEPAKNTR | 2616 | 2650 |
| DIVISLAB | 5953.6 | 5900 |
| DIXON | 14983.65 | 14750 |
| DLF | 775.7 | 780 |
| DRREDDY | 1193.45 | 1220 |
| EICHERMOT | 4895 | 4900 |
| ESCORTS | 3450 | 3600 |
| EXIDEIND | 415.2 | 440 |
| FEDERALBNK | 210.21 | 205 |
| GAIL | 187.97 | 197.5 |
| GLENMARK | 1462.5 | 1520 |
| GMRINFRA | 76.89 | 82 |
| GNFC | 556 | 570 |
| GODREJCP | 1180 | 1200 |
| GODREJPROP | 2702.9 | 2750 |
| GRANULES | 544.5 | 570 |
| GRASIM | 2544.35 | 2540 |
| GUJGASLTD | 452.7 | 480 |
| HAL | 3983.35 | 4200 |
| HAVELLS | 1632 | 1640 |
| HCLTECH | 1832.7 | 1820 |
| HDFCAMC | 4215.35 | 4300 |
| HDFCBANK | 1740.6 | 1740 |
| HDFCLIFE | 673.85 | 680 |
| HEROMOTOCO | 4760.6 | 4800 |
| HINDALCO | 645.3 | 650 |
| HINDCOPPER | 262.35 | 290 |
| HINDPETRO | 358.9 | 375 |
| HINDUNILVR | 2384.6 | 2480 |
| ICICIBANK | 1251.15 | 1260 |
| ICICIGI | 1811.2 | 1880 |
| ICICIPRULI | 679.45 | 690 |
| IDEA | 6.92 | 8 |
| IDFCFIRSTB | 63.07 | 66 |
| IEX | 161.06 | 170 |
| IGL | 311.65 | 330 |
| INDHOTEL | 785 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4060.6 | 4000 |
| INDUSINDBK | 975.15 | 1040 |
| INDUSTOWER | 328.95 | 340 |
| INFY | 1833.35 | 1800 |
| IOC | 130.87 | 140 |
| IPCALAB | 1569.25 | 1560 |
| IRCTC | 794.8 | 820 |
| ITC | 456.35 | 475 |
| JINDALSTEL | 870.15 | 900 |
| JKCEMENT | 4004.1 | 4000 |
| JSWSTEEL | 940 | 960 |
| JUBLFOOD | 609.55 | 620 |
| KOTAKBANK | 1734.55 | 1760 |
| LALPATHLAB | 3029.25 | 3100 |
| LAURUSLABS | 488.45 | 490 |
| LICHSGFIN | 610.85 | 630 |
| LT | 3487 | 3600 |
| LTF | 137.54 | 140 |
| LTIM | 5917.85 | 5900 |
| LTTS | 5175.2 | 5150 |
| LUPIN | 2037.45 | 2100 |
| M&M | 2937.45 | 2900 |
| M&MFIN | 256.5 | 265 |
| MANAPPURAM | 150.68 | 155 |
| MARICO | 590.1 | 600 |
| MARUTI | 10873.1 | 11000 |
| MCX | 6158.2 | 6200 |
| METROPOLIS | 2010.65 | 2060 |
| MFSL | 1173.05 | 1200 |
| MGL | 1114.65 | 1160 |
| MOTHERSON | 161.55 | 175 |
| MPHASIS | 2781.8 | 2850 |
| MRF | 123100.05 | 122500 |
| MUTHOOTFIN | 1904.45 | 1880 |
| NATIONALUM | 246.24 | 240 |
| NAUKRI | 7524.5 | 7700 |
| NAVINFLUOR | 3259.3 | 3400 |
| NESTLEIND | 2203.75 | 2280 |
| NMDC | 217.86 | 225 |
| NTPC | 355.55 | 370 |
| OBEROIRLTY | 1931.4 | 1960 |
| OFSS | 11140.45 | 11500 |
| ONGC | 242.1 | 250 |
| PAGEIND | 44479.25 | 45500 |
| PEL | 1049.1 | 1060 |
| PERSISTENT | 5723.2 | 5600 |
| PETRONET | 320.4 | 328 |
| PFC | 452.25 | 460 |
| PIDILITIND | 2941.85 | 3060 |
| PIIND | 4125 | 4200 |
| PNB | 96.67 | 102 |
| POLYCAB | 6401.1 | 6500 |
| POWERGRID | 324.45 | 320 |
| PVRINOX | 1443.3 | 1500 |
| RAMCOCEM | 914 | 900 |
| RBLBANK | 157.14 | 160 |
| RECLTD | 489.75 | 510 |
| RELIANCE | 1218.1 | 1290 |
| SAIL | 110.69 | 117.5 |
| SBICARD | 675.15 | 690 |
| SBILIFE | 1480.45 | 1520 |
| SBIN | 781.1 | 800 |
| SHREECEM | 24196.9 | 24500 |
| SHRIRAMFIN | 2807.55 | 2900 |
| SIEMENS | 6664.9 | 6800 |
| SRF | 2154 | 2260 |
| SUNPHARMA | 1769 | 1800 |
| SUNTV | 728.15 | 730 |
| SYNGENE | 844.1 | 870 |
| TATACHEM | 1052.05 | 1100 |
| TATACOMM | 1707 | 1780 |
| TATACONSUM | 910.85 | 950 |
| TATAMOTORS | 774.75 | 800 |
| TATAPOWER | 409.15 | 420 |
| TATASTEEL | 140.01 | 145 |
| TCS | 4060.45 | 4100 |
| TECHM | 1698.6 | 1680 |
| TITAN | 3180.3 | 3200 |
| TORNTPHARM | 3098.45 | 3150 |
| TRENT | 6449.95 | 6600 |
| TVSMOTOR | 2395.45 | 2450 |
| UBL | 1816.8 | 1880 |
| ULTRACEMCO | 10955.9 | 11000 |
| UNITDSPR | 1487.6 | 1480 |
| UPL | 561.15 | 550 |
| VEDL | 441.05 | 460 |
| VOLTAS | 1668.05 | 1700 |
| WIPRO | 556.85 | 560 |
| ZYDUSLIFE | 942.4 | 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.
