BAJFINANCE
BAJAJ FINANCE LIMITED
Max pain for BAJFINANCE
29 Nov 2023 04:15 PM IST
Max Pain for BAJFINANCE is 7200
Strike 6000 has a total call value of 0 versus a total put value of 233,816,875,000 Combined total value = 233,816,875,000
Strike 6050 has a total call value of 1,875,000 versus a total put value of 222,690,000,000 Combined total value = 222,691,875,000
Strike 6100 has a total call value of 3,750,000 versus a total put value of 211,563,125,000 Combined total value = 211,566,875,000
Strike 6150 has a total call value of 5,625,000 versus a total put value of 200,436,250,000 Combined total value = 200,441,875,000
Strike 6200 has a total call value of 7,500,000 versus a total put value of 189,339,375,000 Combined total value = 189,346,875,000
Strike 6250 has a total call value of 15,625,000 versus a total put value of 178,441,875,000 Combined total value = 178,457,500,000
Strike 6300 has a total call value of 23,750,000 versus a total put value of 167,544,375,000 Combined total value = 167,568,125,000
Strike 6350 has a total call value of 31,875,000 versus a total put value of 156,755,000,000 Combined total value = 156,786,875,000
Strike 6400 has a total call value of 40,000,000 versus a total put value of 145,972,500,000 Combined total value = 146,012,500,000
Strike 6450 has a total call value of 48,125,000 versus a total put value of 135,288,125,000 Combined total value = 135,336,250,000
Strike 6500 has a total call value of 56,250,000 versus a total put value of 124,633,750,000 Combined total value = 124,690,000,000
Strike 6550 has a total call value of 98,750,000 versus a total put value of 115,175,625,000 Combined total value = 115,274,375,000
Strike 6600 has a total call value of 141,250,000 versus a total put value of 105,763,125,000 Combined total value = 105,904,375,000
Strike 6650 has a total call value of 183,750,000 versus a total put value of 96,581,250,000 Combined total value = 96,765,000,000
Strike 6700 has a total call value of 226,250,000 versus a total put value of 87,431,250,000 Combined total value = 87,657,500,000
Strike 6750 has a total call value of 285,625,000 versus a total put value of 78,752,500,000 Combined total value = 79,038,125,000
Strike 6800 has a total call value of 345,000,000 versus a total put value of 70,163,125,000 Combined total value = 70,508,125,000
Strike 6850 has a total call value of 509,375,000 versus a total put value of 62,348,750,000 Combined total value = 62,858,125,000
Strike 6900 has a total call value of 685,625,000 versus a total put value of 54,730,625,000 Combined total value = 55,416,250,000
Strike 6950 has a total call value of 901,250,000 versus a total put value of 47,650,625,000 Combined total value = 48,551,875,000
Strike 7000 has a total call value of 1,178,750,000 versus a total put value of 40,819,375,000 Combined total value = 41,998,125,000
Strike 7050 has a total call value of 1,757,500,000 versus a total put value of 35,993,125,000 Combined total value = 37,750,625,000
Strike 7100 has a total call value of 2,634,375,000 versus a total put value of 31,444,375,000 Combined total value = 34,078,750,000
Strike 7150 has a total call value of 4,106,250,000 versus a total put value of 27,515,625,000 Combined total value = 31,621,875,000
Strike 7200 has a total call value of 6,018,750,000 versus a total put value of 23,740,000,000 Combined total value = 29,758,750,000
Strike 7250 has a total call value of 9,433,750,000 versus a total put value of 20,523,750,000 Combined total value = 29,957,500,000
Strike 7300 has a total call value of 13,466,875,000 versus a total put value of 17,400,000,000 Combined total value = 30,866,875,000
Strike 7350 has a total call value of 18,667,500,000 versus a total put value of 14,816,875,000 Combined total value = 33,484,375,000
Strike 7400 has a total call value of 24,291,875,000 versus a total put value of 12,341,250,000 Combined total value = 36,633,125,000
Strike 7450 has a total call value of 31,365,000,000 versus a total put value of 10,307,500,000 Combined total value = 41,672,500,000
Strike 7500 has a total call value of 39,078,125,000 versus a total put value of 8,424,375,000 Combined total value = 47,502,500,000
Strike 7550 has a total call value of 49,703,125,000 versus a total put value of 7,260,000,000 Combined total value = 56,963,125,000
Strike 7600 has a total call value of 61,346,875,000 versus a total put value of 6,232,500,000 Combined total value = 67,579,375,000
Strike 7650 has a total call value of 74,309,375,000 versus a total put value of 5,318,750,000 Combined total value = 79,628,125,000
Strike 7700 has a total call value of 87,615,625,000 versus a total put value of 4,405,000,000 Combined total value = 92,020,625,000
Strike 7750 has a total call value of 101,868,125,000 versus a total put value of 3,586,250,000 Combined total value = 105,454,375,000
Strike 7800 has a total call value of 116,274,375,000 versus a total put value of 2,843,125,000 Combined total value = 119,117,500,000
Strike 7850 has a total call value of 131,325,625,000 versus a total put value of 2,241,875,000 Combined total value = 133,567,500,000
Strike 7900 has a total call value of 146,496,250,000 versus a total put value of 1,640,625,000 Combined total value = 148,136,875,000
Strike 7950 has a total call value of 161,984,375,000 versus a total put value of 1,188,125,000 Combined total value = 163,172,500,000
Strike 8000 has a total call value of 177,564,375,000 versus a total put value of 782,500,000 Combined total value = 178,346,875,000
Strike 8050 has a total call value of 194,267,500,000 versus a total put value of 594,375,000 Combined total value = 194,861,875,000
Strike 8100 has a total call value of 211,089,375,000 versus a total put value of 406,250,000 Combined total value = 211,495,625,000
Strike 8150 has a total call value of 228,174,375,000 versus a total put value of 271,250,000 Combined total value = 228,445,625,000
Strike 8200 has a total call value of 245,259,375,000 versus a total put value of 136,250,000 Combined total value = 245,395,625,000
Strike 8250 has a total call value of 262,975,000,000 versus a total put value of 113,750,000 Combined total value = 263,088,750,000
Strike 8300 has a total call value of 280,747,500,000 versus a total put value of 91,250,000 Combined total value = 280,838,750,000
Strike 8350 has a total call value of 298,741,875,000 versus a total put value of 68,750,000 Combined total value = 298,810,625,000
Strike 8400 has a total call value of 316,751,875,000 versus a total put value of 46,250,000 Combined total value = 316,798,125,000
Strike 8450 has a total call value of 334,836,875,000 versus a total put value of 23,750,000 Combined total value = 334,860,625,000
Strike 8500 has a total call value of 352,948,750,000 versus a total put value of 1,250,000 Combined total value = 352,950,000,000
Strike 8550 has a total call value of 371,505,000,000 versus a total put value of 625,000 Combined total value = 371,505,625,000
Strike 8600 has a total call value of 390,061,250,000 versus a total put value of 0 Combined total value = 390,061,250,000
Strike 8650 has a total call value of 408,752,500,000 versus a total put value of 0 Combined total value = 408,752,500,000
Strike 8700 has a total call value of 427,443,750,000 versus a total put value of 0 Combined total value = 427,443,750,000
Strike 8750 has a total call value of 446,204,375,000 versus a total put value of 0 Combined total value = 446,204,375,000
Strike 8800 has a total call value of 464,965,000,000 versus a total put value of 0 Combined total value = 464,965,000,000
Strike 8850 has a total call value of 483,795,000,000 versus a total put value of 0 Combined total value = 483,795,000,000
Strike 8900 has a total call value of 502,625,000,000 versus a total put value of 0 Combined total value = 502,625,000,000
Strike 8950 has a total call value of 521,572,500,000 versus a total put value of 0 Combined total value = 521,572,500,000
Strike 9000 has a total call value of 540,531,250,000 versus a total put value of 0 Combined total value = 540,531,250,000
Max Pain - Choose a symbol
Index
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.