BAJAJ-AUTO
Bajaj Auto Limited
Max pain for BAJAJ-AUTO
16 Sep 2024 04:11 PM IST
Max Pain for BAJAJ-AUTO is 11400
Strike 7800 has a total call value of 0 versus a total put value of 703,536,750,000 Combined total value = 703,536,750,000
Strike 7900 has a total call value of 30,750,000 versus a total put value of 680,430,000,000 Combined total value = 680,460,750,000
Strike 8000 has a total call value of 61,500,000 versus a total put value of 657,323,250,000 Combined total value = 657,384,750,000
Strike 8100 has a total call value of 92,250,000 versus a total put value of 634,238,250,000 Combined total value = 634,330,500,000
Strike 8200 has a total call value of 123,000,000 versus a total put value of 611,153,250,000 Combined total value = 611,276,250,000
Strike 8300 has a total call value of 153,750,000 versus a total put value of 588,068,250,000 Combined total value = 588,222,000,000
Strike 8400 has a total call value of 184,500,000 versus a total put value of 564,983,250,000 Combined total value = 565,167,750,000
Strike 8500 has a total call value of 215,250,000 versus a total put value of 541,898,250,000 Combined total value = 542,113,500,000
Strike 8600 has a total call value of 246,000,000 versus a total put value of 518,813,250,000 Combined total value = 519,059,250,000
Strike 8700 has a total call value of 276,750,000 versus a total put value of 495,728,250,000 Combined total value = 496,005,000,000
Strike 8800 has a total call value of 307,500,000 versus a total put value of 472,643,250,000 Combined total value = 472,950,750,000
Strike 8900 has a total call value of 338,250,000 versus a total put value of 449,558,250,000 Combined total value = 449,896,500,000
Strike 9000 has a total call value of 369,000,000 versus a total put value of 426,473,250,000 Combined total value = 426,842,250,000
Strike 9100 has a total call value of 399,750,000 versus a total put value of 403,545,000,000 Combined total value = 403,944,750,000
Strike 9200 has a total call value of 430,500,000 versus a total put value of 380,616,750,000 Combined total value = 381,047,250,000
Strike 9300 has a total call value of 461,250,000 versus a total put value of 357,688,500,000 Combined total value = 358,149,750,000
Strike 9400 has a total call value of 492,000,000 versus a total put value of 334,760,250,000 Combined total value = 335,252,250,000
Strike 9500 has a total call value of 522,750,000 versus a total put value of 311,832,000,000 Combined total value = 312,354,750,000
Strike 9600 has a total call value of 604,500,000 versus a total put value of 289,182,750,000 Combined total value = 289,787,250,000
Strike 9700 has a total call value of 686,250,000 versus a total put value of 266,533,500,000 Combined total value = 267,219,750,000
Strike 9800 has a total call value of 771,750,000 versus a total put value of 244,056,750,000 Combined total value = 244,828,500,000
Strike 9900 has a total call value of 857,250,000 versus a total put value of 221,929,500,000 Combined total value = 222,786,750,000
Strike 10000 has a total call value of 1,040,250,000 versus a total put value of 199,941,750,000 Combined total value = 200,982,000,000
Strike 10100 has a total call value of 1,364,250,000 versus a total put value of 180,559,500,000 Combined total value = 181,923,750,000
Strike 10200 has a total call value of 1,757,250,000 versus a total put value of 161,421,750,000 Combined total value = 163,179,000,000
Strike 10300 has a total call value of 2,150,250,000 versus a total put value of 143,200,500,000 Combined total value = 145,350,750,000
Strike 10400 has a total call value of 2,652,000,000 versus a total put value of 125,363,250,000 Combined total value = 128,015,250,000
Strike 10500 has a total call value of 3,153,750,000 versus a total put value of 108,224,250,000 Combined total value = 111,378,000,000
Strike 10600 has a total call value of 4,039,500,000 versus a total put value of 93,519,750,000 Combined total value = 97,559,250,000
Strike 10700 has a total call value of 4,925,250,000 versus a total put value of 79,332,000,000 Combined total value = 84,257,250,000
Strike 10800 has a total call value of 5,994,750,000 versus a total put value of 65,865,000,000 Combined total value = 71,859,750,000
Strike 10900 has a total call value of 7,277,250,000 versus a total put value of 53,384,250,000 Combined total value = 60,661,500,000
Strike 11000 has a total call value of 8,745,750,000 versus a total put value of 41,476,500,000 Combined total value = 50,222,250,000
Strike 11100 has a total call value of 10,963,500,000 versus a total put value of 32,121,750,000 Combined total value = 43,085,250,000
Strike 11200 has a total call value of 13,596,000,000 versus a total put value of 23,895,750,000 Combined total value = 37,491,750,000
Strike 11300 has a total call value of 17,349,000,000 versus a total put value of 17,155,500,000 Combined total value = 34,504,500,000
Strike 11400 has a total call value of 21,566,250,000 versus a total put value of 11,588,250,000 Combined total value = 33,154,500,000
Strike 11500 has a total call value of 26,552,250,000 versus a total put value of 7,226,250,000 Combined total value = 33,778,500,000
Strike 11600 has a total call value of 32,599,500,000 versus a total put value of 4,281,750,000 Combined total value = 36,881,250,000
Strike 11700 has a total call value of 39,384,750,000 versus a total put value of 2,183,250,000 Combined total value = 41,568,000,000
Strike 11800 has a total call value of 47,331,750,000 versus a total put value of 1,032,750,000 Combined total value = 48,364,500,000
Strike 11900 has a total call value of 56,864,250,000 versus a total put value of 532,500,000 Combined total value = 57,396,750,000
Strike 12000 has a total call value of 67,184,250,000 versus a total put value of 165,000,000 Combined total value = 67,349,250,000
Strike 12100 has a total call value of 79,512,000,000 versus a total put value of 102,000,000 Combined total value = 79,614,000,000
Strike 12200 has a total call value of 92,469,750,000 versus a total put value of 56,250,000 Combined total value = 92,526,000,000
Strike 12300 has a total call value of 106,653,000,000 versus a total put value of 27,000,000 Combined total value = 106,680,000,000
Strike 12400 has a total call value of 121,421,250,000 versus a total put value of 13,500,000 Combined total value = 121,434,750,000
Strike 12500 has a total call value of 137,008,500,000 versus a total put value of 0 Combined total value = 137,008,500,000
Strike 12600 has a total call value of 152,956,500,000 versus a total put value of 0 Combined total value = 152,956,500,000
Strike 12700 has a total call value of 169,601,250,000 versus a total put value of 0 Combined total value = 169,601,250,000
Strike 12800 has a total call value of 186,303,000,000 versus a total put value of 0 Combined total value = 186,303,000,000
Strike 12900 has a total call value of 203,987,250,000 versus a total put value of 0 Combined total value = 203,987,250,000
Strike 13000 has a total call value of 221,671,500,000 versus a total put value of 0 Combined total value = 221,671,500,000
Strike 13100 has a total call value of 240,958,500,000 versus a total put value of 0 Combined total value = 240,958,500,000
Strike 13200 has a total call value of 260,245,500,000 versus a total put value of 0 Combined total value = 260,245,500,000
Strike 13300 has a total call value of 279,532,500,000 versus a total put value of 0 Combined total value = 279,532,500,000
Strike 13400 has a total call value of 298,819,500,000 versus a total put value of 0 Combined total value = 298,819,500,000
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.