BAJAJFINSV
Bajaj Finserv Ltd.
Max pain for BAJAJFINSV
21 Nov 2024 02:52 PM IST
Max Pain for BAJAJFINSV is 1620
Strike 1460 has a total call value of 0 versus a total put value of 46,244,000,000 Combined total value = 46,244,000,000
Strike 1480 has a total call value of 0 versus a total put value of 40,893,000,000 Combined total value = 40,893,000,000
Strike 1500 has a total call value of 0 versus a total put value of 35,814,000,000 Combined total value = 35,814,000,000
Strike 1520 has a total call value of 10,000,000 versus a total put value of 31,221,000,000 Combined total value = 31,231,000,000
Strike 1540 has a total call value of 34,000,000 versus a total put value of 26,982,000,000 Combined total value = 27,016,000,000
Strike 1560 has a total call value of 68,000,000 versus a total put value of 23,025,000,000 Combined total value = 23,093,000,000
Strike 1580 has a total call value of 178,000,000 versus a total put value of 19,491,000,000 Combined total value = 19,669,000,000
Strike 1600 has a total call value of 692,000,000 versus a total put value of 16,333,000,000 Combined total value = 17,025,000,000
Strike 1620 has a total call value of 2,706,000,000 versus a total put value of 13,686,000,000 Combined total value = 16,392,000,000
Strike 1640 has a total call value of 6,070,000,000 versus a total put value of 11,396,000,000 Combined total value = 17,466,000,000
Strike 1660 has a total call value of 10,167,000,000 versus a total put value of 9,376,000,000 Combined total value = 19,543,000,000
Strike 1680 has a total call value of 15,442,000,000 versus a total put value of 7,626,000,000 Combined total value = 23,068,000,000
Strike 1700 has a total call value of 21,278,000,000 versus a total put value of 6,138,000,000 Combined total value = 27,416,000,000
Strike 1720 has a total call value of 27,936,000,000 versus a total put value of 4,947,000,000 Combined total value = 32,883,000,000
Strike 1740 has a total call value of 35,295,000,000 versus a total put value of 3,925,000,000 Combined total value = 39,220,000,000
Strike 1760 has a total call value of 43,360,000,000 versus a total put value of 3,110,000,000 Combined total value = 46,470,000,000
Strike 1780 has a total call value of 52,645,000,000 versus a total put value of 2,460,000,000 Combined total value = 55,105,000,000
Strike 1800 has a total call value of 62,739,000,000 versus a total put value of 1,810,000,000 Combined total value = 64,549,000,000
Strike 1820 has a total call value of 74,069,000,000 versus a total put value of 1,579,000,000 Combined total value = 75,648,000,000
Strike 1840 has a total call value of 85,586,000,000 versus a total put value of 1,348,000,000 Combined total value = 86,934,000,000
Strike 1860 has a total call value of 97,359,000,000 versus a total put value of 1,117,000,000 Combined total value = 98,476,000,000
Strike 1880 has a total call value of 109,238,000,000 versus a total put value of 886,000,000 Combined total value = 110,124,000,000
Strike 1900 has a total call value of 121,214,000,000 versus a total put value of 655,000,000 Combined total value = 121,869,000,000
Strike 1920 has a total call value of 133,735,000,000 versus a total put value of 524,000,000 Combined total value = 134,259,000,000
Strike 1940 has a total call value of 146,321,000,000 versus a total put value of 393,000,000 Combined total value = 146,714,000,000
Strike 1960 has a total call value of 158,972,000,000 versus a total put value of 262,000,000 Combined total value = 159,234,000,000
Strike 1980 has a total call value of 171,682,000,000 versus a total put value of 131,000,000 Combined total value = 171,813,000,000
Strike 2000 has a total call value of 184,403,000,000 versus a total put value of 0 Combined total value = 184,403,000,000
Strike 2020 has a total call value of 197,729,000,000 versus a total put value of 0 Combined total value = 197,729,000,000
Strike 2040 has a total call value of 211,055,000,000 versus a total put value of 0 Combined total value = 211,055,000,000
Strike 2060 has a total call value of 224,381,000,000 versus a total put value of 0 Combined total value = 224,381,000,000
Strike 2080 has a total call value of 237,707,000,000 versus a total put value of 0 Combined total value = 237,707,000,000
Strike 2100 has a total call value of 251,033,000,000 versus a total put value of 0 Combined total value = 251,033,000,000
Strike 2120 has a total call value of 264,382,000,000 versus a total put value of 0 Combined total value = 264,382,000,000
Strike 2140 has a total call value of 277,731,000,000 versus a total put value of 0 Combined total value = 277,731,000,000
Strike 2160 has a total call value of 291,080,000,000 versus a total put value of 0 Combined total value = 291,080,000,000
Strike 2180 has a total call value of 304,429,000,000 versus a total put value of 0 Combined total value = 304,429,000,000
Strike 2200 has a total call value of 317,778,000,000 versus a total put value of 0 Combined total value = 317,778,000,000
Strike 2220 has a total call value of 331,127,000,000 versus a total put value of 0 Combined total value = 331,127,000,000
Strike 2240 has a total call value of 344,476,000,000 versus a total put value of 0 Combined total value = 344,476,000,000
Strike 2260 has a total call value of 357,825,000,000 versus a total put value of 0 Combined total value = 357,825,000,000
Strike 2280 has a total call value of 371,174,000,000 versus a total put value of 0 Combined total value = 371,174,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.95 | 470 |
| ABB | 6753.9 | 7000 |
| ABBOTINDIA | 27049.85 | 28000 |
| ABCAPITAL | 183.39 | 200 |
| ABFRL | 284.35 | 300 |
| ACC | 2037.35 | 2220 |
| ADANIENT | 2233.6 | 2600 |
| ADANIPORTS | 1130.55 | 1200 |
| ALKEM | 5593.5 | 5500 |
| AMBUJACEM | 492.8 | 540 |
| APOLLOHOSP | 6727.8 | 6900 |
| APOLLOTYRE | 480.65 | 480 |
| ASHOKLEY | 218.89 | 220 |
| ASIANPAINT | 2429.9 | 2540 |
| ASTRAL | 1714 | 1780 |
| ATUL | 7221.95 | 7500 |
| AUBANK | 592.05 | 590 |
| AUROPHARMA | 1219.85 | 1300 |
| AXISBANK | 1137.85 | 1150 |
| BAJAJ-AUTO | 9477.15 | 9700 |
| BAJAJFINSV | 1568.25 | 1620 |
| BAJFINANCE | 6464.45 | 6700 |
| BALKRISIND | 2734.95 | 2800 |
| BANDHANBNK | 166.01 | 180 |
| BANKBARODA | 228.9 | 240 |
| BATAINDIA | 1281.95 | 1310 |
| BEL | 274.4 | 285 |
| BERGEPAINT | 464.6 | 495 |
| BHARATFORG | 1298.2 | 1340 |
| BHARTIARTL | 1525.55 | 1540 |
| BHEL | 228.1 | 235 |
| BIOCON | 324.2 | 330 |
| BOSCHLTD | 34079.8 | 34000 |
| BPCL | 281.8 | 300 |
| BRITANNIA | 4794.7 | 5000 |
| BSOFT | 546.2 | 560 |
| CANBK | 94.6 | 100 |
| CANFINHOME | 821.45 | 830 |
| CHAMBLFERT | 455 | 480 |
| CHOLAFIN | 1207.65 | 1260 |
| CIPLA | 1463.45 | 1520 |
| COALINDIA | 405.7 | 425 |
| COFORGE | 8200.2 | 8000 |
| COLPAL | 2695.5 | 2850 |
| CONCOR | 768.55 | 810 |
| COROMANDEL | 1769.25 | 1720 |
| CROMPTON | 382 | 385 |
| CUB | 170.16 | 175 |
| CUMMINSIND | 3285.6 | 3400 |
| DABUR | 504.5 | 525 |
| DALBHARAT | 1775.45 | 1760 |
| DEEPAKNTR | 2611 | 2650 |
| DIVISLAB | 5951 | 5900 |
| DIXON | 14971.5 | 14750 |
| DLF | 774.25 | 780 |
| DRREDDY | 1193.15 | 1220 |
| EICHERMOT | 4879.45 | 4900 |
| ESCORTS | 3454.45 | 3600 |
| EXIDEIND | 414.8 | 440 |
| FEDERALBNK | 210.16 | 205 |
| GAIL | 187.74 | 197.5 |
| GLENMARK | 1464.4 | 1540 |
| GMRINFRA | 76.95 | 82 |
| GNFC | 555.8 | 570 |
| GODREJCP | 1179.65 | 1200 |
| GODREJPROP | 2693.65 | 2750 |
| GRANULES | 544.45 | 570 |
| GRASIM | 2537.5 | 2540 |
| GUJGASLTD | 452.2 | 470 |
| HAL | 3973.95 | 4200 |
| HAVELLS | 1631.95 | 1640 |
| HCLTECH | 1833.4 | 1820 |
| HDFCAMC | 4228.15 | 4300 |
| HDFCBANK | 1739.85 | 1740 |
| HDFCLIFE | 671.55 | 680 |
| HEROMOTOCO | 4753.95 | 4800 |
| HINDALCO | 647.5 | 650 |
| HINDCOPPER | 261.75 | 290 |
| HINDPETRO | 359.5 | 375 |
| HINDUNILVR | 2385.65 | 2480 |
| ICICIBANK | 1249.35 | 1260 |
| ICICIGI | 1810 | 1880 |
| ICICIPRULI | 677.35 | 690 |
| IDEA | 6.93 | 8 |
| IDFCFIRSTB | 62.95 | 66 |
| IEX | 161.27 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 784.15 | 760 |
| INDIAMART | 2252.25 | 2400 |
| INDIGO | 4063.8 | 4000 |
| INDUSINDBK | 974.45 | 1040 |
| INDUSTOWER | 329.35 | 340 |
| INFY | 1837.65 | 1800 |
| IOC | 130.76 | 140 |
| IPCALAB | 1569.9 | 1560 |
| IRCTC | 793.65 | 820 |
| ITC | 457.3 | 475 |
| JINDALSTEL | 870.3 | 900 |
| JKCEMENT | 4008.1 | 4000 |
| JSWSTEEL | 943.15 | 960 |
| JUBLFOOD | 610.9 | 620 |
| KOTAKBANK | 1736.5 | 1760 |
| LALPATHLAB | 3029.4 | 3100 |
| LAURUSLABS | 488.2 | 490 |
| LICHSGFIN | 610.1 | 630 |
| LT | 3478.15 | 3600 |
| LTF | 137.61 | 140 |
| LTIM | 5936.1 | 5900 |
| LTTS | 5163.05 | 5150 |
| LUPIN | 2038.3 | 2100 |
| M&M | 2932.6 | 2900 |
| M&MFIN | 256.8 | 265 |
| MANAPPURAM | 150.7 | 155 |
| MARICO | 590.5 | 600 |
| MARUTI | 10869.8 | 11000 |
| MCX | 6155 | 6200 |
| METROPOLIS | 2010.7 | 2060 |
| MFSL | 1172.1 | 1200 |
| MGL | 1119.3 | 1160 |
| MOTHERSON | 161.45 | 175 |
| MPHASIS | 2787.25 | 2850 |
| MRF | 123241.05 | 122500 |
| MUTHOOTFIN | 1900.2 | 1880 |
| NATIONALUM | 247.17 | 240 |
| NAUKRI | 7540 | 7700 |
| NAVINFLUOR | 3258 | 3400 |
| NESTLEIND | 2205.4 | 2280 |
| NMDC | 217.55 | 225 |
| NTPC | 355.5 | 370 |
| OBEROIRLTY | 1916.5 | 1960 |
| OFSS | 11132.9 | 11500 |
| ONGC | 241.5 | 250 |
| PAGEIND | 44417.5 | 45500 |
| PEL | 1052.85 | 1060 |
| PERSISTENT | 5727.95 | 5600 |
| PETRONET | 320.7 | 328 |
| PFC | 452.85 | 460 |
| PIDILITIND | 2933.95 | 3060 |
| PIIND | 4124.5 | 4200 |
| PNB | 96.51 | 102 |
| POLYCAB | 6408.9 | 6500 |
| POWERGRID | 325.35 | 320 |
| PVRINOX | 1445 | 1500 |
| RAMCOCEM | 915 | 900 |
| RBLBANK | 156.78 | 160 |
| RECLTD | 490.7 | 510 |
| RELIANCE | 1221 | 1290 |
| SAIL | 110.7 | 117.5 |
| SBICARD | 675.5 | 690 |
| SBILIFE | 1479.5 | 1520 |
| SBIN | 779.7 | 800 |
| SHREECEM | 24098.3 | 24500 |
| SHRIRAMFIN | 2811.25 | 2900 |
| SIEMENS | 6638.3 | 6800 |
| SRF | 2150.5 | 2260 |
| SUNPHARMA | 1774 | 1800 |
| SUNTV | 726.9 | 730 |
| SYNGENE | 844.15 | 870 |
| TATACHEM | 1047.65 | 1100 |
| TATACOMM | 1710.3 | 1780 |
| TATACONSUM | 911.45 | 950 |
| TATAMOTORS | 774.75 | 800 |
| TATAPOWER | 409.35 | 420 |
| TATASTEEL | 140.29 | 145 |
| TCS | 4074.35 | 4100 |
| TECHM | 1699.3 | 1680 |
| TITAN | 3182.45 | 3200 |
| TORNTPHARM | 3098.7 | 3150 |
| TRENT | 6451.7 | 6600 |
| TVSMOTOR | 2391.05 | 2450 |
| UBL | 1814.25 | 1880 |
| ULTRACEMCO | 10989.55 | 11000 |
| UNITDSPR | 1489.55 | 1480 |
| UPL | 557.6 | 540 |
| VEDL | 440.4 | 460 |
| VOLTAS | 1667.1 | 1700 |
| WIPRO | 556.95 | 560 |
| ZYDUSLIFE | 943.6 | 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.
