BAJAJ-AUTO
Bajaj Auto Limited
Max pain for BAJAJ-AUTO
06 Sep 2024 04:11 PM IST
Max Pain for BAJAJ-AUTO is 10800
Strike 7800 has a total call value of 0 versus a total put value of 260,088,000,000 Combined total value = 260,088,000,000
Strike 7900 has a total call value of 30,750,000 versus a total put value of 249,750,000,000 Combined total value = 249,780,750,000
Strike 8000 has a total call value of 61,500,000 versus a total put value of 239,412,000,000 Combined total value = 239,473,500,000
Strike 8100 has a total call value of 92,250,000 versus a total put value of 229,094,250,000 Combined total value = 229,186,500,000
Strike 8200 has a total call value of 123,000,000 versus a total put value of 218,776,500,000 Combined total value = 218,899,500,000
Strike 8300 has a total call value of 153,750,000 versus a total put value of 208,458,750,000 Combined total value = 208,612,500,000
Strike 8400 has a total call value of 184,500,000 versus a total put value of 198,141,000,000 Combined total value = 198,325,500,000
Strike 8500 has a total call value of 215,250,000 versus a total put value of 187,823,250,000 Combined total value = 188,038,500,000
Strike 8600 has a total call value of 246,000,000 versus a total put value of 177,505,500,000 Combined total value = 177,751,500,000
Strike 8700 has a total call value of 276,750,000 versus a total put value of 167,187,750,000 Combined total value = 167,464,500,000
Strike 8800 has a total call value of 307,500,000 versus a total put value of 156,870,000,000 Combined total value = 157,177,500,000
Strike 8900 has a total call value of 338,250,000 versus a total put value of 146,557,500,000 Combined total value = 146,895,750,000
Strike 9000 has a total call value of 369,000,000 versus a total put value of 136,245,000,000 Combined total value = 136,614,000,000
Strike 9100 has a total call value of 399,750,000 versus a total put value of 126,201,750,000 Combined total value = 126,601,500,000
Strike 9200 has a total call value of 430,500,000 versus a total put value of 116,162,250,000 Combined total value = 116,592,750,000
Strike 9300 has a total call value of 495,750,000 versus a total put value of 106,122,750,000 Combined total value = 106,618,500,000
Strike 9400 has a total call value of 561,000,000 versus a total put value of 96,083,250,000 Combined total value = 96,644,250,000
Strike 9500 has a total call value of 626,250,000 versus a total put value of 86,043,750,000 Combined total value = 86,670,000,000
Strike 9600 has a total call value of 691,500,000 versus a total put value of 76,393,500,000 Combined total value = 77,085,000,000
Strike 9700 has a total call value of 773,250,000 versus a total put value of 66,809,250,000 Combined total value = 67,582,500,000
Strike 9800 has a total call value of 855,000,000 versus a total put value of 57,558,750,000 Combined total value = 58,413,750,000
Strike 9900 has a total call value of 936,750,000 versus a total put value of 48,827,250,000 Combined total value = 49,764,000,000
Strike 10000 has a total call value of 1,122,750,000 versus a total put value of 40,365,000,000 Combined total value = 41,487,750,000
Strike 10100 has a total call value of 1,488,000,000 versus a total put value of 34,076,250,000 Combined total value = 35,564,250,000
Strike 10200 has a total call value of 1,923,000,000 versus a total put value of 28,194,000,000 Combined total value = 30,117,000,000
Strike 10300 has a total call value of 2,442,000,000 versus a total put value of 22,914,000,000 Combined total value = 25,356,000,000
Strike 10400 has a total call value of 3,084,750,000 versus a total put value of 17,997,750,000 Combined total value = 21,082,500,000
Strike 10500 has a total call value of 3,949,500,000 versus a total put value of 13,458,000,000 Combined total value = 17,407,500,000
Strike 10600 has a total call value of 5,346,750,000 versus a total put value of 10,066,500,000 Combined total value = 15,413,250,000
Strike 10700 has a total call value of 6,887,250,000 versus a total put value of 7,035,750,000 Combined total value = 13,923,000,000
Strike 10800 has a total call value of 8,646,750,000 versus a total put value of 4,542,000,000 Combined total value = 13,188,750,000
Strike 10900 has a total call value of 10,717,500,000 versus a total put value of 2,665,500,000 Combined total value = 13,383,000,000
Strike 11000 has a total call value of 13,251,750,000 versus a total put value of 1,154,250,000 Combined total value = 14,406,000,000
Strike 11100 has a total call value of 17,271,000,000 versus a total put value of 409,500,000 Combined total value = 17,680,500,000
Strike 11200 has a total call value of 22,798,500,000 versus a total put value of 205,500,000 Combined total value = 23,004,000,000
Strike 11300 has a total call value of 29,506,500,000 versus a total put value of 108,750,000 Combined total value = 29,615,250,000
Strike 11400 has a total call value of 36,621,750,000 versus a total put value of 48,000,000 Combined total value = 36,669,750,000
Strike 11500 has a total call value of 44,033,250,000 versus a total put value of 0 Combined total value = 44,033,250,000
Strike 11600 has a total call value of 52,387,500,000 versus a total put value of 0 Combined total value = 52,387,500,000
Strike 11700 has a total call value of 61,300,500,000 versus a total put value of 0 Combined total value = 61,300,500,000
Strike 11800 has a total call value of 70,484,250,000 versus a total put value of 0 Combined total value = 70,484,250,000
Strike 11900 has a total call value of 80,065,500,000 versus a total put value of 0 Combined total value = 80,065,500,000
Strike 12000 has a total call value of 89,736,000,000 versus a total put value of 0 Combined total value = 89,736,000,000
Strike 12100 has a total call value of 100,459,500,000 versus a total put value of 0 Combined total value = 100,459,500,000
Strike 12200 has a total call value of 111,231,000,000 versus a total put value of 0 Combined total value = 111,231,000,000
Strike 12300 has a total call value of 122,425,500,000 versus a total put value of 0 Combined total value = 122,425,500,000
Strike 12400 has a total call value of 133,620,000,000 versus a total put value of 0 Combined total value = 133,620,000,000
Strike 12500 has a total call value of 145,368,000,000 versus a total put value of 0 Combined total value = 145,368,000,000
Strike 12600 has a total call value of 157,116,000,000 versus a total put value of 0 Combined total value = 157,116,000,000
Strike 12700 has a total call value of 168,888,000,000 versus a total put value of 0 Combined total value = 168,888,000,000
Strike 12800 has a total call value of 180,660,000,000 versus a total put value of 0 Combined total value = 180,660,000,000
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.