BAJFINANCE
BAJAJ FINANCE LIMITED
Max pain for BAJFINANCE
02 Jul 2024 10:33 AM IST
Max Pain for BAJFINANCE is 7200
Strike 6000 has a total call value of 0 versus a total put value of 158,387,500,000 Combined total value = 158,387,500,000
Strike 6050 has a total call value of 0 versus a total put value of 149,868,125,000 Combined total value = 149,868,125,000
Strike 6100 has a total call value of 0 versus a total put value of 141,348,750,000 Combined total value = 141,348,750,000
Strike 6150 has a total call value of 0 versus a total put value of 132,829,375,000 Combined total value = 132,829,375,000
Strike 6200 has a total call value of 0 versus a total put value of 124,310,000,000 Combined total value = 124,310,000,000
Strike 6250 has a total call value of 0 versus a total put value of 115,817,500,000 Combined total value = 115,817,500,000
Strike 6300 has a total call value of 0 versus a total put value of 107,325,000,000 Combined total value = 107,325,000,000
Strike 6350 has a total call value of 0 versus a total put value of 99,065,625,000 Combined total value = 99,065,625,000
Strike 6400 has a total call value of 0 versus a total put value of 90,806,250,000 Combined total value = 90,806,250,000
Strike 6450 has a total call value of 0 versus a total put value of 82,758,125,000 Combined total value = 82,758,125,000
Strike 6500 has a total call value of 0 versus a total put value of 74,710,000,000 Combined total value = 74,710,000,000
Strike 6550 has a total call value of 27,500,000 versus a total put value of 67,773,750,000 Combined total value = 67,801,250,000
Strike 6600 has a total call value of 55,000,000 versus a total put value of 60,872,500,000 Combined total value = 60,927,500,000
Strike 6650 has a total call value of 100,625,000 versus a total put value of 54,486,250,000 Combined total value = 54,586,875,000
Strike 6700 has a total call value of 146,250,000 versus a total put value of 48,121,250,000 Combined total value = 48,267,500,000
Strike 6750 has a total call value of 437,500,000 versus a total put value of 42,383,125,000 Combined total value = 42,820,625,000
Strike 6800 has a total call value of 728,750,000 versus a total put value of 36,726,875,000 Combined total value = 37,455,625,000
Strike 6850 has a total call value of 1,530,000,000 versus a total put value of 31,808,125,000 Combined total value = 33,338,125,000
Strike 6900 has a total call value of 2,335,625,000 versus a total put value of 26,947,500,000 Combined total value = 29,283,125,000
Strike 6950 has a total call value of 3,190,000,000 versus a total put value of 22,381,250,000 Combined total value = 25,571,250,000
Strike 7000 has a total call value of 4,086,875,000 versus a total put value of 17,891,875,000 Combined total value = 21,978,750,000
Strike 7050 has a total call value of 5,585,000,000 versus a total put value of 14,803,125,000 Combined total value = 20,388,125,000
Strike 7100 has a total call value of 7,141,250,000 versus a total put value of 11,837,500,000 Combined total value = 18,978,750,000
Strike 7150 has a total call value of 9,150,000,000 versus a total put value of 9,298,750,000 Combined total value = 18,448,750,000
Strike 7200 has a total call value of 11,435,000,000 versus a total put value of 6,943,750,000 Combined total value = 18,378,750,000
Strike 7250 has a total call value of 15,124,375,000 versus a total put value of 5,488,750,000 Combined total value = 20,613,125,000
Strike 7300 has a total call value of 19,151,875,000 versus a total put value of 4,176,875,000 Combined total value = 23,328,750,000
Strike 7350 has a total call value of 25,542,500,000 versus a total put value of 3,333,125,000 Combined total value = 28,875,625,000
Strike 7400 has a total call value of 32,246,875,000 versus a total put value of 2,531,875,000 Combined total value = 34,778,750,000
Strike 7450 has a total call value of 39,998,125,000 versus a total put value of 1,890,625,000 Combined total value = 41,888,750,000
Strike 7500 has a total call value of 47,990,000,000 versus a total put value of 1,249,375,000 Combined total value = 49,239,375,000
Strike 7550 has a total call value of 58,062,500,000 versus a total put value of 925,625,000 Combined total value = 58,988,125,000
Strike 7600 has a total call value of 68,198,125,000 versus a total put value of 621,250,000 Combined total value = 68,819,375,000
Strike 7650 has a total call value of 79,124,375,000 versus a total put value of 395,000,000 Combined total value = 79,519,375,000
Strike 7700 has a total call value of 90,137,500,000 versus a total put value of 196,250,000 Combined total value = 90,333,750,000
Strike 7750 has a total call value of 101,740,625,000 versus a total put value of 83,750,000 Combined total value = 101,824,375,000
Strike 7800 has a total call value of 113,438,750,000 versus a total put value of 11,250,000 Combined total value = 113,450,000,000
Strike 7850 has a total call value of 125,728,750,000 versus a total put value of 4,375,000 Combined total value = 125,733,125,000
Strike 7900 has a total call value of 138,065,625,000 versus a total put value of 3,750,000 Combined total value = 138,069,375,000
Strike 7950 has a total call value of 150,600,625,000 versus a total put value of 3,125,000 Combined total value = 150,603,750,000
Strike 8000 has a total call value of 163,178,125,000 versus a total put value of 2,500,000 Combined total value = 163,180,625,000
Strike 8050 has a total call value of 178,921,875,000 versus a total put value of 1,875,000 Combined total value = 178,923,750,000
Strike 8100 has a total call value of 194,715,000,000 versus a total put value of 1,250,000 Combined total value = 194,716,250,000
Strike 8150 has a total call value of 210,626,250,000 versus a total put value of 625,000 Combined total value = 210,626,875,000
Strike 8200 has a total call value of 226,537,500,000 versus a total put value of 0 Combined total value = 226,537,500,000
Strike 8250 has a total call value of 242,584,375,000 versus a total put value of 0 Combined total value = 242,584,375,000
Strike 8300 has a total call value of 258,635,625,000 versus a total put value of 0 Combined total value = 258,635,625,000
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.