BAJFINANCE
BAJAJ FINANCE LIMITED
Max pain for BAJFINANCE
19 Mar 2024 12:17 PM IST
Max Pain for BAJFINANCE is 6550
Strike 5300 has a total call value of 0 versus a total put value of 290,965,625,000 Combined total value = 290,965,625,000
Strike 5350 has a total call value of 0 versus a total put value of 276,194,375,000 Combined total value = 276,194,375,000
Strike 5400 has a total call value of 0 versus a total put value of 261,423,125,000 Combined total value = 261,423,125,000
Strike 5450 has a total call value of 0 versus a total put value of 246,651,875,000 Combined total value = 246,651,875,000
Strike 5500 has a total call value of 0 versus a total put value of 231,880,625,000 Combined total value = 231,880,625,000
Strike 5550 has a total call value of 0 versus a total put value of 217,890,625,000 Combined total value = 217,890,625,000
Strike 5600 has a total call value of 0 versus a total put value of 203,900,625,000 Combined total value = 203,900,625,000
Strike 5650 has a total call value of 0 versus a total put value of 190,118,750,000 Combined total value = 190,118,750,000
Strike 5700 has a total call value of 0 versus a total put value of 176,336,875,000 Combined total value = 176,336,875,000
Strike 5750 has a total call value of 0 versus a total put value of 162,861,875,000 Combined total value = 162,861,875,000
Strike 5800 has a total call value of 0 versus a total put value of 149,386,875,000 Combined total value = 149,386,875,000
Strike 5850 has a total call value of 0 versus a total put value of 136,748,750,000 Combined total value = 136,748,750,000
Strike 5900 has a total call value of 0 versus a total put value of 124,169,375,000 Combined total value = 124,169,375,000
Strike 5950 has a total call value of 0 versus a total put value of 111,895,000,000 Combined total value = 111,895,000,000
Strike 6000 has a total call value of 0 versus a total put value of 99,740,000,000 Combined total value = 99,740,000,000
Strike 6050 has a total call value of 86,250,000 versus a total put value of 90,536,250,000 Combined total value = 90,622,500,000
Strike 6100 has a total call value of 172,500,000 versus a total put value of 81,479,375,000 Combined total value = 81,651,875,000
Strike 6150 has a total call value of 295,000,000 versus a total put value of 73,091,875,000 Combined total value = 73,386,875,000
Strike 6200 has a total call value of 417,500,000 versus a total put value of 64,843,750,000 Combined total value = 65,261,250,000
Strike 6250 has a total call value of 655,625,000 versus a total put value of 57,499,375,000 Combined total value = 58,155,000,000
Strike 6300 has a total call value of 939,375,000 versus a total put value of 50,353,750,000 Combined total value = 51,293,125,000
Strike 6350 has a total call value of 1,658,125,000 versus a total put value of 44,246,250,000 Combined total value = 45,904,375,000
Strike 6400 has a total call value of 2,512,500,000 versus a total put value of 38,373,750,000 Combined total value = 40,886,250,000
Strike 6450 has a total call value of 3,945,625,000 versus a total put value of 33,623,125,000 Combined total value = 37,568,750,000
Strike 6500 has a total call value of 5,554,375,000 versus a total put value of 29,108,125,000 Combined total value = 34,662,500,000
Strike 6550 has a total call value of 8,406,250,000 versus a total put value of 25,990,000,000 Combined total value = 34,396,250,000
Strike 6600 has a total call value of 11,681,250,000 versus a total put value of 23,110,625,000 Combined total value = 34,791,875,000
Strike 6650 has a total call value of 17,528,750,000 versus a total put value of 20,750,000,000 Combined total value = 38,278,750,000
Strike 6700 has a total call value of 23,799,375,000 versus a total put value of 18,479,375,000 Combined total value = 42,278,750,000
Strike 6750 has a total call value of 32,323,750,000 versus a total put value of 16,558,750,000 Combined total value = 48,882,500,000
Strike 6800 has a total call value of 41,192,500,000 versus a total put value of 14,681,875,000 Combined total value = 55,874,375,000
Strike 6850 has a total call value of 51,826,875,000 versus a total put value of 13,073,125,000 Combined total value = 64,900,000,000
Strike 6900 has a total call value of 62,616,250,000 versus a total put value of 11,464,375,000 Combined total value = 74,080,625,000
Strike 6950 has a total call value of 74,481,875,000 versus a total put value of 9,992,500,000 Combined total value = 84,474,375,000
Strike 7000 has a total call value of 86,601,875,000 versus a total put value of 8,541,250,000 Combined total value = 95,143,125,000
Strike 7050 has a total call value of 103,165,625,000 versus a total put value of 7,696,250,000 Combined total value = 110,861,875,000
Strike 7100 has a total call value of 119,883,125,000 versus a total put value of 6,851,250,000 Combined total value = 126,734,375,000
Strike 7150 has a total call value of 137,416,875,000 versus a total put value of 6,091,875,000 Combined total value = 143,508,750,000
Strike 7200 has a total call value of 155,023,125,000 versus a total put value of 5,332,500,000 Combined total value = 160,355,625,000
Strike 7250 has a total call value of 173,341,250,000 versus a total put value of 4,720,000,000 Combined total value = 178,061,250,000
Strike 7300 has a total call value of 191,696,875,000 versus a total put value of 4,107,500,000 Combined total value = 195,804,375,000
Strike 7350 has a total call value of 211,411,875,000 versus a total put value of 3,596,875,000 Combined total value = 215,008,750,000
Strike 7400 has a total call value of 231,126,875,000 versus a total put value of 3,086,250,000 Combined total value = 234,213,125,000
Strike 7450 has a total call value of 251,095,625,000 versus a total put value of 2,575,625,000 Combined total value = 253,671,250,000
Strike 7500 has a total call value of 271,086,875,000 versus a total put value of 2,065,000,000 Combined total value = 273,151,875,000
Strike 7550 has a total call value of 292,353,750,000 versus a total put value of 1,865,625,000 Combined total value = 294,219,375,000
Strike 7600 has a total call value of 313,620,625,000 versus a total put value of 1,666,250,000 Combined total value = 315,286,875,000
Strike 7650 has a total call value of 335,005,625,000 versus a total put value of 1,466,875,000 Combined total value = 336,472,500,000
Strike 7700 has a total call value of 356,390,625,000 versus a total put value of 1,267,500,000 Combined total value = 357,658,125,000
Strike 7750 has a total call value of 377,859,375,000 versus a total put value of 1,068,125,000 Combined total value = 378,927,500,000
Strike 7800 has a total call value of 399,328,125,000 versus a total put value of 868,750,000 Combined total value = 400,196,875,000
Strike 7850 has a total call value of 420,929,375,000 versus a total put value of 669,375,000 Combined total value = 421,598,750,000
Strike 7900 has a total call value of 442,530,625,000 versus a total put value of 470,000,000 Combined total value = 443,000,625,000
Strike 7950 has a total call value of 464,141,250,000 versus a total put value of 270,625,000 Combined total value = 464,411,875,000
Strike 8000 has a total call value of 485,751,875,000 versus a total put value of 71,250,000 Combined total value = 485,823,125,000
Strike 8050 has a total call value of 507,867,500,000 versus a total put value of 65,625,000 Combined total value = 507,933,125,000
Strike 8100 has a total call value of 529,983,125,000 versus a total put value of 60,000,000 Combined total value = 530,043,125,000
Strike 8150 has a total call value of 552,098,750,000 versus a total put value of 54,375,000 Combined total value = 552,153,125,000
Strike 8200 has a total call value of 574,214,375,000 versus a total put value of 48,750,000 Combined total value = 574,263,125,000
Strike 8250 has a total call value of 596,330,000,000 versus a total put value of 43,125,000 Combined total value = 596,373,125,000
Strike 8300 has a total call value of 618,445,625,000 versus a total put value of 37,500,000 Combined total value = 618,483,125,000
Strike 8350 has a total call value of 640,561,250,000 versus a total put value of 31,875,000 Combined total value = 640,593,125,000
Strike 8400 has a total call value of 662,676,875,000 versus a total put value of 26,250,000 Combined total value = 662,703,125,000
Strike 8450 has a total call value of 684,792,500,000 versus a total put value of 20,625,000 Combined total value = 684,813,125,000
Strike 8500 has a total call value of 706,908,125,000 versus a total put value of 15,000,000 Combined total value = 706,923,125,000
Strike 8550 has a total call value of 729,023,750,000 versus a total put value of 10,000,000 Combined total value = 729,033,750,000
Strike 8600 has a total call value of 751,139,375,000 versus a total put value of 5,000,000 Combined total value = 751,144,375,000
Strike 8650 has a total call value of 773,255,000,000 versus a total put value of 0 Combined total value = 773,255,000,000
Max Pain - Choose a symbol
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A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.