BAJAJFINSV
Bajaj Finserv Ltd.
Max pain for BAJAJFINSV
06 Sep 2024 04:12 PM IST
Max Pain for BAJAJFINSV is 1800
Strike 1400 has a total call value of 0 versus a total put value of 195,380,000,000 Combined total value = 195,380,000,000
Strike 1420 has a total call value of 0 versus a total put value of 183,903,000,000 Combined total value = 183,903,000,000
Strike 1440 has a total call value of 0 versus a total put value of 172,426,000,000 Combined total value = 172,426,000,000
Strike 1460 has a total call value of 0 versus a total put value of 160,949,000,000 Combined total value = 160,949,000,000
Strike 1480 has a total call value of 0 versus a total put value of 149,472,000,000 Combined total value = 149,472,000,000
Strike 1500 has a total call value of 0 versus a total put value of 137,995,000,000 Combined total value = 137,995,000,000
Strike 1520 has a total call value of 0 versus a total put value of 127,028,000,000 Combined total value = 127,028,000,000
Strike 1540 has a total call value of 0 versus a total put value of 116,061,000,000 Combined total value = 116,061,000,000
Strike 1560 has a total call value of 0 versus a total put value of 105,354,000,000 Combined total value = 105,354,000,000
Strike 1580 has a total call value of 10,000,000 versus a total put value of 94,752,000,000 Combined total value = 94,762,000,000
Strike 1600 has a total call value of 20,000,000 versus a total put value of 84,251,000,000 Combined total value = 84,271,000,000
Strike 1620 has a total call value of 261,000,000 versus a total put value of 74,533,000,000 Combined total value = 74,794,000,000
Strike 1640 has a total call value of 555,000,000 versus a total put value of 65,094,000,000 Combined total value = 65,649,000,000
Strike 1660 has a total call value of 957,000,000 versus a total put value of 55,970,000,000 Combined total value = 56,927,000,000
Strike 1680 has a total call value of 1,552,000,000 versus a total put value of 47,221,000,000 Combined total value = 48,773,000,000
Strike 1700 has a total call value of 2,241,000,000 versus a total put value of 38,783,000,000 Combined total value = 41,024,000,000
Strike 1720 has a total call value of 3,442,000,000 versus a total put value of 31,802,000,000 Combined total value = 35,244,000,000
Strike 1740 has a total call value of 4,885,000,000 versus a total put value of 25,330,000,000 Combined total value = 30,215,000,000
Strike 1760 has a total call value of 6,646,000,000 versus a total put value of 19,267,000,000 Combined total value = 25,913,000,000
Strike 1780 has a total call value of 8,873,000,000 versus a total put value of 14,430,000,000 Combined total value = 23,303,000,000
Strike 1800 has a total call value of 11,391,000,000 versus a total put value of 10,103,000,000 Combined total value = 21,494,000,000
Strike 1820 has a total call value of 15,483,000,000 versus a total put value of 7,063,000,000 Combined total value = 22,546,000,000
Strike 1840 has a total call value of 20,546,000,000 versus a total put value of 4,677,000,000 Combined total value = 25,223,000,000
Strike 1860 has a total call value of 26,320,000,000 versus a total put value of 2,866,000,000 Combined total value = 29,186,000,000
Strike 1880 has a total call value of 33,391,000,000 versus a total put value of 1,949,000,000 Combined total value = 35,340,000,000
Strike 1900 has a total call value of 42,069,000,000 versus a total put value of 1,396,000,000 Combined total value = 43,465,000,000
Strike 1920 has a total call value of 55,029,000,000 versus a total put value of 1,019,000,000 Combined total value = 56,048,000,000
Strike 1940 has a total call value of 68,968,000,000 versus a total put value of 792,000,000 Combined total value = 69,760,000,000
Strike 1960 has a total call value of 84,043,000,000 versus a total put value of 610,000,000 Combined total value = 84,653,000,000
Strike 1980 has a total call value of 100,508,000,000 versus a total put value of 435,000,000 Combined total value = 100,943,000,000
Strike 2000 has a total call value of 117,637,000,000 versus a total put value of 260,000,000 Combined total value = 117,897,000,000
Strike 2020 has a total call value of 136,952,000,000 versus a total put value of 134,000,000 Combined total value = 137,086,000,000
Strike 2040 has a total call value of 156,490,000,000 versus a total put value of 8,000,000 Combined total value = 156,498,000,000
Strike 2060 has a total call value of 176,775,000,000 versus a total put value of 6,000,000 Combined total value = 176,781,000,000
Strike 2080 has a total call value of 197,060,000,000 versus a total put value of 4,000,000 Combined total value = 197,064,000,000
Strike 2100 has a total call value of 218,004,000,000 versus a total put value of 2,000,000 Combined total value = 218,006,000,000
Strike 2120 has a total call value of 238,948,000,000 versus a total put value of 0 Combined total value = 238,948,000,000
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.