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BAJFINANCE
BAJAJ FINANCE LIMITED

6826.65 82.10 (1.22%)

Max pain for BAJFINANCE

23 May 2024 04:05 PM IST

Max Pain for BAJFINANCE is 6900  



Strike  5700  has a total call value of 0  versus a total put value of  296,960,625,000 Combined total value = 296,960,625,000

Strike  5750  has a total call value of 0  versus a total put value of  282,161,250,000 Combined total value = 282,161,250,000

Strike  5800  has a total call value of 0  versus a total put value of  267,361,875,000 Combined total value = 267,361,875,000

Strike  5850  has a total call value of 0  versus a total put value of  252,951,875,000 Combined total value = 252,951,875,000

Strike  5900  has a total call value of 0  versus a total put value of  238,541,875,000 Combined total value = 238,541,875,000

Strike  5950  has a total call value of 0  versus a total put value of  224,281,875,000 Combined total value = 224,281,875,000

Strike  6000  has a total call value of 0  versus a total put value of  210,021,875,000 Combined total value = 210,021,875,000

Strike  6050  has a total call value of 18,125,000  versus a total put value of  196,695,625,000 Combined total value = 196,713,750,000

Strike  6100  has a total call value of 36,250,000  versus a total put value of  183,381,250,000 Combined total value = 183,417,500,000

Strike  6150  has a total call value of 54,375,000  versus a total put value of  170,278,750,000 Combined total value = 170,333,125,000

Strike  6200  has a total call value of 72,500,000  versus a total put value of  157,230,000,000 Combined total value = 157,302,500,000

Strike  6250  has a total call value of 90,625,000  versus a total put value of  144,883,125,000 Combined total value = 144,973,750,000

Strike  6300  has a total call value of 108,750,000  versus a total put value of  132,593,125,000 Combined total value = 132,701,875,000

Strike  6350  has a total call value of 126,875,000  versus a total put value of  121,154,375,000 Combined total value = 121,281,250,000

Strike  6400  has a total call value of 145,000,000  versus a total put value of  109,845,000,000 Combined total value = 109,990,000,000

Strike  6450  has a total call value of 216,250,000  versus a total put value of  99,122,500,000 Combined total value = 99,338,750,000

Strike  6500  has a total call value of 287,500,000  versus a total put value of  88,518,750,000 Combined total value = 88,806,250,000

Strike  6550  has a total call value of 551,875,000  versus a total put value of  79,284,375,000 Combined total value = 79,836,250,000

Strike  6600  has a total call value of 858,125,000  versus a total put value of  70,200,625,000 Combined total value = 71,058,750,000

Strike  6650  has a total call value of 1,465,000,000  versus a total put value of  61,878,125,000 Combined total value = 63,343,125,000

Strike  6700  has a total call value of 2,226,875,000  versus a total put value of  53,802,500,000 Combined total value = 56,029,375,000

Strike  6750  has a total call value of 3,680,625,000  versus a total put value of  46,971,875,000 Combined total value = 50,652,500,000

Strike  6800  has a total call value of 5,470,625,000  versus a total put value of  40,506,875,000 Combined total value = 45,977,500,000

Strike  6850  has a total call value of 8,912,500,000  versus a total put value of  35,273,125,000 Combined total value = 44,185,625,000

Strike  6900  has a total call value of 12,843,125,000  versus a total put value of  30,248,125,000 Combined total value = 43,091,250,000

Strike  6950  has a total call value of 18,472,500,000  versus a total put value of  25,771,875,000 Combined total value = 44,244,375,000

Strike  7000  has a total call value of 24,696,875,000  versus a total put value of  21,470,000,000 Combined total value = 46,166,875,000

Strike  7050  has a total call value of 37,132,500,000  versus a total put value of  18,310,625,000 Combined total value = 55,443,125,000

Strike  7100  has a total call value of 50,066,875,000  versus a total put value of  15,328,125,000 Combined total value = 65,395,000,000

Strike  7150  has a total call value of 64,799,375,000  versus a total put value of  12,798,125,000 Combined total value = 77,597,500,000

Strike  7200  has a total call value of 80,037,500,000  versus a total put value of  10,390,625,000 Combined total value = 90,428,125,000

Strike  7250  has a total call value of 97,989,375,000  versus a total put value of  8,499,375,000 Combined total value = 106,488,750,000

Strike  7300  has a total call value of 116,500,000,000  versus a total put value of  6,736,875,000 Combined total value = 123,236,875,000

Strike  7350  has a total call value of 137,992,500,000  versus a total put value of  5,558,125,000 Combined total value = 143,550,625,000

Strike  7400  has a total call value of 160,108,125,000  versus a total put value of  4,570,000,000 Combined total value = 164,678,125,000

Strike  7450  has a total call value of 184,750,000,000  versus a total put value of  3,819,375,000 Combined total value = 188,569,375,000

Strike  7500  has a total call value of 209,750,625,000  versus a total put value of  3,068,750,000 Combined total value = 212,819,375,000

Strike  7550  has a total call value of 239,386,250,000  versus a total put value of  2,570,000,000 Combined total value = 241,956,250,000

Strike  7600  has a total call value of 269,211,250,000  versus a total put value of  2,127,500,000 Combined total value = 271,338,750,000

Strike  7650  has a total call value of 300,173,750,000  versus a total put value of  1,755,625,000 Combined total value = 301,929,375,000

Strike  7700  has a total call value of 331,275,000,000  versus a total put value of  1,383,750,000 Combined total value = 332,658,750,000

Strike  7750  has a total call value of 363,726,875,000  versus a total put value of  1,076,875,000 Combined total value = 364,803,750,000

Strike  7800  has a total call value of 396,299,375,000  versus a total put value of  770,000,000 Combined total value = 397,069,375,000

Strike  7850  has a total call value of 429,582,500,000  versus a total put value of  577,500,000 Combined total value = 430,160,000,000

Strike  7900  has a total call value of 462,971,250,000  versus a total put value of  385,000,000 Combined total value = 463,356,250,000

Strike  7950  has a total call value of 496,691,875,000  versus a total put value of  192,500,000 Combined total value = 496,884,375,000

Strike  8000  has a total call value of 530,458,750,000  versus a total put value of  0 Combined total value = 530,458,750,000

Strike  8050  has a total call value of 567,736,250,000  versus a total put value of  0 Combined total value = 567,736,250,000

Strike  8100  has a total call value of 605,058,750,000  versus a total put value of  0 Combined total value = 605,058,750,000

Strike  8150  has a total call value of 642,603,125,000  versus a total put value of  0 Combined total value = 642,603,125,000

Strike  8200  has a total call value of 680,213,750,000  versus a total put value of  0 Combined total value = 680,213,750,000

Strike  8250  has a total call value of 718,096,250,000  versus a total put value of  0 Combined total value = 718,096,250,000

Strike  8300  has a total call value of 755,993,125,000  versus a total put value of  0 Combined total value = 755,993,125,000

Strike  8350  has a total call value of 794,610,625,000  versus a total put value of  0 Combined total value = 794,610,625,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.