BAJAJFINSV
Bajaj Finserv Ltd.
Max pain for BAJAJFINSV
12 Nov 2024 04:11 PM IST
Max Pain for BAJAJFINSV is 1740
Strike 1480 has a total call value of 0 versus a total put value of 45,840,000,000 Combined total value = 45,840,000,000
Strike 1500 has a total call value of 0 versus a total put value of 41,190,000,000 Combined total value = 41,190,000,000
Strike 1520 has a total call value of 0 versus a total put value of 36,785,000,000 Combined total value = 36,785,000,000
Strike 1540 has a total call value of 0 versus a total put value of 32,537,000,000 Combined total value = 32,537,000,000
Strike 1560 has a total call value of 2,000,000 versus a total put value of 28,359,000,000 Combined total value = 28,361,000,000
Strike 1580 has a total call value of 4,000,000 versus a total put value of 24,296,000,000 Combined total value = 24,300,000,000
Strike 1600 has a total call value of 6,000,000 versus a total put value of 20,374,000,000 Combined total value = 20,380,000,000
Strike 1620 has a total call value of 131,000,000 versus a total put value of 16,901,000,000 Combined total value = 17,032,000,000
Strike 1640 has a total call value of 256,000,000 versus a total put value of 13,663,000,000 Combined total value = 13,919,000,000
Strike 1660 has a total call value of 401,000,000 versus a total put value of 10,860,000,000 Combined total value = 11,261,000,000
Strike 1680 has a total call value of 616,000,000 versus a total put value of 8,373,000,000 Combined total value = 8,989,000,000
Strike 1700 has a total call value of 918,000,000 versus a total put value of 6,307,000,000 Combined total value = 7,225,000,000
Strike 1720 has a total call value of 1,763,000,000 versus a total put value of 4,838,000,000 Combined total value = 6,601,000,000
Strike 1740 has a total call value of 2,992,000,000 versus a total put value of 3,588,000,000 Combined total value = 6,580,000,000
Strike 1760 has a total call value of 5,469,000,000 versus a total put value of 2,663,000,000 Combined total value = 8,132,000,000
Strike 1780 has a total call value of 9,541,000,000 versus a total put value of 1,970,000,000 Combined total value = 11,511,000,000
Strike 1800 has a total call value of 15,695,000,000 versus a total put value of 1,347,000,000 Combined total value = 17,042,000,000
Strike 1820 has a total call value of 24,001,000,000 versus a total put value of 1,197,000,000 Combined total value = 25,198,000,000
Strike 1840 has a total call value of 32,636,000,000 versus a total put value of 1,064,000,000 Combined total value = 33,700,000,000
Strike 1860 has a total call value of 41,620,000,000 versus a total put value of 931,000,000 Combined total value = 42,551,000,000
Strike 1880 has a total call value of 50,777,000,000 versus a total put value of 798,000,000 Combined total value = 51,575,000,000
Strike 1900 has a total call value of 60,067,000,000 versus a total put value of 665,000,000 Combined total value = 60,732,000,000
Strike 1920 has a total call value of 70,194,000,000 versus a total put value of 532,000,000 Combined total value = 70,726,000,000
Strike 1940 has a total call value of 80,418,000,000 versus a total put value of 399,000,000 Combined total value = 80,817,000,000
Strike 1960 has a total call value of 90,642,000,000 versus a total put value of 266,000,000 Combined total value = 90,908,000,000
Strike 1980 has a total call value of 100,944,000,000 versus a total put value of 133,000,000 Combined total value = 101,077,000,000
Strike 2000 has a total call value of 111,246,000,000 versus a total put value of 0 Combined total value = 111,246,000,000
Strike 2020 has a total call value of 122,359,000,000 versus a total put value of 0 Combined total value = 122,359,000,000
Strike 2040 has a total call value of 133,472,000,000 versus a total put value of 0 Combined total value = 133,472,000,000
Strike 2060 has a total call value of 144,652,000,000 versus a total put value of 0 Combined total value = 144,652,000,000
Strike 2080 has a total call value of 155,832,000,000 versus a total put value of 0 Combined total value = 155,832,000,000
Strike 2100 has a total call value of 167,012,000,000 versus a total put value of 0 Combined total value = 167,012,000,000
Strike 2120 has a total call value of 178,218,000,000 versus a total put value of 0 Combined total value = 178,218,000,000
Strike 2140 has a total call value of 189,424,000,000 versus a total put value of 0 Combined total value = 189,424,000,000
Strike 2160 has a total call value of 200,630,000,000 versus a total put value of 0 Combined total value = 200,630,000,000
Strike 2180 has a total call value of 211,836,000,000 versus a total put value of 0 Combined total value = 211,836,000,000
Strike 2200 has a total call value of 223,042,000,000 versus a total put value of 0 Combined total value = 223,042,000,000
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.
