BAJFINANCE
Bajaj Finance Limited
Max pain for BAJFINANCE
20 Jun 2025 04:12 PM IST
Max Pain for BAJFINANCE is 920
Strike 750 has a total call value of 0 versus a total put value of 369,091,250,000 Combined total value = 369,091,250,000
Strike 760 has a total call value of 0 versus a total put value of 342,513,750,000 Combined total value = 342,513,750,000
Strike 770 has a total call value of 0 versus a total put value of 316,032,500,000 Combined total value = 316,032,500,000
Strike 780 has a total call value of 0 versus a total put value of 289,551,250,000 Combined total value = 289,551,250,000
Strike 790 has a total call value of 0 versus a total put value of 263,985,000,000 Combined total value = 263,985,000,000
Strike 800 has a total call value of 0 versus a total put value of 238,703,750,000 Combined total value = 238,703,750,000
Strike 810 has a total call value of 225,000,000 versus a total put value of 214,477,500,000 Combined total value = 214,702,500,000
Strike 820 has a total call value of 592,500,000 versus a total put value of 190,440,000,000 Combined total value = 191,032,500,000
Strike 830 has a total call value of 967,500,000 versus a total put value of 167,026,250,000 Combined total value = 167,993,750,000
Strike 840 has a total call value of 1,342,500,000 versus a total put value of 144,201,250,000 Combined total value = 145,543,750,000
Strike 850 has a total call value of 1,732,500,000 versus a total put value of 122,041,250,000 Combined total value = 123,773,750,000
Strike 860 has a total call value of 2,631,250,000 versus a total put value of 101,583,750,000 Combined total value = 104,215,000,000
Strike 870 has a total call value of 3,576,250,000 versus a total put value of 83,053,750,000 Combined total value = 86,630,000,000
Strike 880 has a total call value of 4,651,250,000 versus a total put value of 65,965,000,000 Combined total value = 70,616,250,000
Strike 890 has a total call value of 6,161,250,000 versus a total put value of 51,045,000,000 Combined total value = 57,206,250,000
Strike 900 has a total call value of 8,058,750,000 versus a total put value of 38,413,750,000 Combined total value = 46,472,500,000
Strike 910 has a total call value of 12,046,250,000 versus a total put value of 28,596,250,000 Combined total value = 40,642,500,000
Strike 920 has a total call value of 18,016,250,000 versus a total put value of 20,711,250,000 Combined total value = 38,727,500,000
Strike 930 has a total call value of 26,598,750,000 versus a total put value of 14,560,000,000 Combined total value = 41,158,750,000
Strike 940 has a total call value of 38,260,000,000 versus a total put value of 9,492,500,000 Combined total value = 47,752,500,000
Strike 950 has a total call value of 54,321,250,000 versus a total put value of 5,775,000,000 Combined total value = 60,096,250,000
Strike 960 has a total call value of 75,116,250,000 versus a total put value of 3,281,250,000 Combined total value = 78,397,500,000
Strike 970 has a total call value of 99,610,000,000 versus a total put value of 1,667,500,000 Combined total value = 101,277,500,000
Strike 980 has a total call value of 127,917,500,000 versus a total put value of 723,750,000 Combined total value = 128,641,250,000
Strike 990 has a total call value of 159,070,000,000 versus a total put value of 275,000,000 Combined total value = 159,345,000,000
Strike 1000 has a total call value of 191,645,000,000 versus a total put value of 0 Combined total value = 191,645,000,000
Strike 1010 has a total call value of 232,338,750,000 versus a total put value of 0 Combined total value = 232,338,750,000
Strike 1020 has a total call value of 273,856,250,000 versus a total put value of 0 Combined total value = 273,856,250,000
Strike 1030 has a total call value of 317,398,750,000 versus a total put value of 0 Combined total value = 317,398,750,000
Strike 1040 has a total call value of 361,532,500,000 versus a total put value of 0 Combined total value = 361,532,500,000
Strike 1050 has a total call value of 407,113,750,000 versus a total put value of 0 Combined total value = 407,113,750,000
Strike 1060 has a total call value of 454,268,750,000 versus a total put value of 0 Combined total value = 454,268,750,000
Strike 1070 has a total call value of 501,982,500,000 versus a total put value of 0 Combined total value = 501,982,500,000
Strike 1080 has a total call value of 550,505,000,000 versus a total put value of 0 Combined total value = 550,505,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 441.3 | 460 |
| ABB | 5968.5 | 6000 |
| ABCAPITAL | 260.28 | 247.5 |
| ABFRL | 73.66 | 80 |
| ACC | 1823 | 1900 |
| ADANIENSOL | 828.1 | 860 |
| ADANIENT | 2448.4 | 2540 |
| ADANIGREEN | 947.7 | 1000 |
| ADANIPORTS | 1349.3 | 1400 |
| ALKEM | 4773.5 | 4900 |
| AMBUJACEM | 533.45 | 560 |
| ANGELONE | 2827.7 | 2950 |
| APLAPOLLO | 1769.8 | 1840 |
| APOLLOHOSP | 7063.5 | 7000 |
| ASHOKLEY | 235.15 | 237.5 |
| ASIANPAINT | 2285.7 | 2260 |
| ASTRAL | 1558.5 | 1520 |
| ATGL | 617.1 | 650 |
| AUBANK | 795.35 | 770 |
| AUROPHARMA | 1097.2 | 1140 |
| AXISBANK | 1220.7 | 1210 |
| BAJAJ-AUTO | 8371 | 8390 |
| BAJAJFINSV | 1986.2 | 2000 |
| BAJFINANCE | 905 | 920 |
| BALKRISIND | 2420.4 | 2480 |
| BANDHANBNK | 180.05 | 177.5 |
| BANKBARODA | 234.15 | 240 |
| BANKINDIA | 113.18 | 115.95 |
| BDL | 1902 | 1900 |
| BEL | 408.25 | 400 |
| BHARATFORG | 1278.3 | 1280 |
| BHARTIARTL | 1936.7 | 1880 |
| BHEL | 250.45 | 255 |
| BIOCON | 351.35 | 350 |
| BLUESTARCO | 1610 | 1600 |
| BOSCHLTD | 32290 | 32000 |
| BPCL | 313.5 | 315 |
| BRITANNIA | 5587 | 5550 |
| BSE | 2688.1 | 2650 |
| BSOFT | 421.4 | 420 |
| CAMS | 4167.4 | 4150 |
| CANBK | 107.22 | 108 |
| CDSL | 1685.8 | 1700 |
| CESC | 163.39 | 165 |
| CGPOWER | 688.25 | 690 |
| CHAMBLFERT | 550.85 | 560 |
| CHOLAFIN | 1557.5 | 1560 |
| CIPLA | 1499.7 | 1500 |
| COALINDIA | 389.05 | 400 |
| COFORGE | 1832 | 1760 |
| COLPAL | 2402.3 | 2440 |
| CONCOR | 738.25 | 760 |
| CROMPTON | 344.6 | 350 |
| CUMMINSIND | 3271.5 | 3250 |
| CYIENT | 1306.6 | 1320 |
| DABUR | 466.9 | 475 |
| DALBHARAT | 2040.2 | 2040 |
| DELHIVERY | 357.85 | 360 |
| DIVISLAB | 6592 | 6600 |
| DIXON | 14047 | 14500 |
| DLF | 854.25 | 840 |
| DMART | 4300.3 | 4200 |
| DRREDDY | 1325.3 | 1300 |
| EICHERMOT | 5525 | 5450 |
| ETERNAL | 253.33 | 250 |
| EXIDEIND | 380.25 | 390 |
| FEDERALBNK | 207.51 | 207.5 |
| FORTIS | 755.25 | 750 |
| GAIL | 181.85 | 190 |
| GLENMARK | 1636.7 | 1600 |
| GMRAIRPORT | 80.97 | 84 |
| GODREJCP | 1189.4 | 1220 |
| GODREJPROP | 2432 | 2400 |
| GRANULES | 487.35 | 520 |
| GRASIM | 2712.6 | 2680 |
| HAL | 4973.1 | 5000 |
| HAVELLS | 1533.5 | 1560 |
| HCLTECH | 1739.9 | 1700 |
| HDFCAMC | 4958.6 | 4950 |
| HDFCBANK | 1964.7 | 1960 |
| HDFCLIFE | 778.95 | 770 |
| HEROMOTOCO | 4338.5 | 4300 |
| HFCL | 81.72 | 85 |
| HINDALCO | 649.15 | 650 |
| HINDCOPPER | 248.67 | 250 |
| HINDPETRO | 392.25 | 400 |
| HINDUNILVR | 2306.2 | 2320 |
| HINDZINC | 438.6 | 450 |
| HUDCO | 227.15 | 240 |
| ICICIBANK | 1427.1 | 1430 |
| ICICIGI | 1971 | 1940 |
| ICICIPRULI | 633.75 | 640 |
| IDEA | 6.56 | 7 |
| IDFCFIRSTB | 70.19 | 70 |
| IEX | 182.51 | 192.5 |
| IGL | 205.67 | 205 |
| IIFL | 474.7 | 480 |
| INDHOTEL | 765.65 | 770 |
| INDIANB | 615.65 | 620 |
| INDIGO | 5390 | 5400 |
| INDUSINDBK | 840.25 | 820 |
| INDUSTOWER | 404.3 | 395 |
| INFY | 1622.9 | 1600 |
| INOXWIND | 170.65 | 180 |
| IOC | 138.65 | 142 |
| IRB | 48.63 | 50 |
| IRCTC | 756.6 | 780 |
| IREDA | 165.07 | 170 |
| IRFC | 134.2 | 140 |
| ITC | 418.55 | 420 |
| JINDALSTEL | 899.05 | 930 |
| JIOFIN | 294.25 | 295 |
| JSL | 670.2 | 670 |
| JSWENERGY | 499.3 | 510 |
| JSWSTEEL | 1005.55 | 1000 |
| JUBLFOOD | 695.8 | 680 |
| KALYANKJIL | 518.35 | 530 |
| KAYNES | 5864.5 | 5700 |
| KEI | 3574.5 | 3600 |
| KOTAKBANK | 2169.8 | 2140 |
| KPITTECH | 1394.5 | 1380 |
| LAURUSLABS | 651 | 640 |
| LICHSGFIN | 594.55 | 600 |
| LICI | 936.55 | 950 |
| LODHA | 1483.2 | 1460 |
| LT | 3662 | 3640 |
| LTF | 190.05 | 185 |
| LTIM | 5376.5 | 5300 |
| LUPIN | 1948 | 1980 |
| M&M | 3184.4 | 3100 |
| M&MFIN | 262.6 | 270 |
| MANAPPURAM | 271.45 | 250 |
| MANKIND | 2288.8 | 2350 |
| MARICO | 693.3 | 700 |
| MARUTI | 12791 | 12500 |
| MAXHEALTH | 1213.8 | 1200 |
| MAZDOCK | 3256.4 | 3300 |
| MCX | 8085 | 7700 |
| MFSL | 1595.3 | 1560 |
| MGL | 1394.8 | 1380 |
| MOTHERSON | 150.2 | 152.5 |
| MPHASIS | 2696.1 | 2620 |
| MUTHOOTFIN | 2606.4 | 2500 |
| NATIONALUM | 183.99 | 190 |
| NAUKRI | 1505.1 | 1480 |
| NBCC | 117.08 | 117 |
| NCC | 221.3 | 230 |
| NESTLEIND | 2360.4 | 2380 |
| NHPC | 82.31 | 86 |
| NMDC | 67.94 | 70 |
| NTPC | 335.2 | 340 |
| NYKAA | 197.07 | 197.5 |
| OBEROIRLTY | 1910.9 | 1880 |
| OFSS | 9395.5 | 9300 |
| OIL | 464.9 | 460 |
| ONGC | 251.89 | 250 |
| PAGEIND | 44925 | 46000 |
| PATANJALI | 1649.6 | 1680 |
| PAYTM | 871.2 | 880 |
| PEL | 1131.3 | 1140 |
| PERSISTENT | 6106.5 | 5900 |
| PETRONET | 295.4 | 310 |
| PFC | 409.05 | 410 |
| PHOENIXLTD | 1616.1 | 1600 |
| PIDILITIND | 2956.1 | 3000 |
| PIIND | 4121.5 | 4000 |
| PNB | 103.04 | 103.1 |
| PNBHOUSING | 1049.8 | 1080 |
| POLICYBZR | 1901.3 | 1880 |
| POLYCAB | 6000.5 | 6000 |
| POONAWALLA | 414.9 | 420 |
| POWERGRID | 293.1 | 295 |
| PPLPHARMA | 195.1 | 200 |
| PRESTIGE | 1716.3 | 1640 |
| RBLBANK | 228.03 | 220 |
| RECLTD | 394.45 | 400 |
| RELIANCE | 1466.2 | 1450 |
| RVNL | 390.6 | 400 |
| SAIL | 127.48 | 130 |
| SBICARD | 945.6 | 950 |
| SBILIFE | 1810.9 | 1800 |
| SBIN | 796.15 | 800 |
| SHREECEM | 28875 | 29500 |
| SHRIRAMFIN | 666.35 | 670 |
| SIEMENS | 3214.2 | 3300 |
| SJVN | 96.97 | 100 |
| SOLARINDS | 16996 | 16500 |
| SONACOMS | 486.95 | 500 |
| SRF | 3030.1 | 3050 |
| SUNPHARMA | 1665.1 | 1680 |
| SUPREMEIND | 4465.8 | 4500 |
| SYNGENE | 631.2 | 650 |
| TATACHEM | 913.85 | 920 |
| TATACOMM | 1654.5 | 1680 |
| TATACONSUM | 1100.2 | 1090 |
| TATAELXSI | 6319 | 6300 |
| TATAMOTORS | 676.2 | 690 |
| TATAPOWER | 390.1 | 400 |
| TATASTEEL | 151.97 | 153.9 |
| TATATECH | 706.65 | 730 |
| TCS | 3435.7 | 3460 |
| TECHM | 1696.1 | 1660 |
| TIINDIA | 2926.3 | 3000 |
| TITAGARH | 865.95 | 920 |
| TITAN | 3519 | 3500 |
| TORNTPHARM | 3167.2 | 3200 |
| TORNTPOWER | 1390.1 | 1400 |
| TRENT | 5897.5 | 5700 |
| TVSMOTOR | 2812.1 | 2780 |
| ULTRACEMCO | 11458 | 11300 |
| UNIONBANK | 143.48 | 145 |
| UNITDSPR | 1458.9 | 1500 |
| UNOMINDA | 1061.6 | 1060 |
| UPL | 633.5 | 630 |
| USDINR | 86.79 | 86 |
| VBL | 459.6 | 470 |
| VEDL | 447.1 | 450 |
| VOLTAS | 1293.9 | 1280 |
| WIPRO | 266.54 | 260 |
| YESBANK | 19.73 | 21 |
| ZOMATO | 0 | 200 |
| ZYDUSLIFE | 957.1 | 960 |
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.
