BAJFINANCE
Bajaj Finance Limited
Max pain for BAJFINANCE
18 Oct 2024 10:13 AM IST
Max Pain for BAJFINANCE is 7100
Strike 6000 has a total call value of 0 versus a total put value of 323,942,500,000 Combined total value = 323,942,500,000
Strike 6100 has a total call value of 1,250,000 versus a total put value of 290,513,750,000 Combined total value = 290,515,000,000
Strike 6200 has a total call value of 2,500,000 versus a total put value of 257,085,000,000 Combined total value = 257,087,500,000
Strike 6300 has a total call value of 3,750,000 versus a total put value of 224,403,750,000 Combined total value = 224,407,500,000
Strike 6400 has a total call value of 5,000,000 versus a total put value of 192,028,750,000 Combined total value = 192,033,750,000
Strike 6500 has a total call value of 20,000,000 versus a total put value of 161,275,000,000 Combined total value = 161,295,000,000
Strike 6600 has a total call value of 35,000,000 versus a total put value of 133,686,250,000 Combined total value = 133,721,250,000
Strike 6700 has a total call value of 62,500,000 versus a total put value of 108,296,250,000 Combined total value = 108,358,750,000
Strike 6800 has a total call value of 240,000,000 versus a total put value of 84,088,750,000 Combined total value = 84,328,750,000
Strike 6900 has a total call value of 968,750,000 versus a total put value of 62,901,250,000 Combined total value = 63,870,000,000
Strike 7000 has a total call value of 3,635,000,000 versus a total put value of 44,213,750,000 Combined total value = 47,848,750,000
Strike 7100 has a total call value of 11,657,500,000 versus a total put value of 32,690,000,000 Combined total value = 44,347,500,000
Strike 7200 has a total call value of 22,965,000,000 versus a total put value of 22,552,500,000 Combined total value = 45,517,500,000
Strike 7300 has a total call value of 38,248,750,000 versus a total put value of 14,760,000,000 Combined total value = 53,008,750,000
Strike 7400 has a total call value of 59,093,750,000 versus a total put value of 8,817,500,000 Combined total value = 67,911,250,000
Strike 7500 has a total call value of 84,185,000,000 versus a total put value of 3,942,500,000 Combined total value = 88,127,500,000
Strike 7600 has a total call value of 114,900,000,000 versus a total put value of 1,738,750,000 Combined total value = 116,638,750,000
Strike 7700 has a total call value of 149,192,500,000 versus a total put value of 640,000,000 Combined total value = 149,832,500,000
Strike 7800 has a total call value of 187,966,250,000 versus a total put value of 320,000,000 Combined total value = 188,286,250,000
Strike 7900 has a total call value of 231,620,000,000 versus a total put value of 0 Combined total value = 231,620,000,000
Strike 8000 has a total call value of 278,143,750,000 versus a total put value of 0 Combined total value = 278,143,750,000
Strike 8100 has a total call value of 331,952,500,000 versus a total put value of 0 Combined total value = 331,952,500,000
Strike 8200 has a total call value of 387,146,250,000 versus a total put value of 0 Combined total value = 387,146,250,000
Strike 8300 has a total call value of 444,205,000,000 versus a total put value of 0 Combined total value = 444,205,000,000
Strike 8400 has a total call value of 501,926,250,000 versus a total put value of 0 Combined total value = 501,926,250,000
Strike 8500 has a total call value of 561,995,000,000 versus a total put value of 0 Combined total value = 561,995,000,000
Strike 8600 has a total call value of 622,768,750,000 versus a total put value of 0 Combined total value = 622,768,750,000
Strike 8700 has a total call value of 684,483,750,000 versus a total put value of 0 Combined total value = 684,483,750,000
Strike 8800 has a total call value of 746,198,750,000 versus a total put value of 0 Combined total value = 746,198,750,000
Strike 8900 has a total call value of 808,401,250,000 versus a total put value of 0 Combined total value = 808,401,250,000
Strike 9000 has a total call value of 870,603,750,000 versus a total put value of 0 Combined total value = 870,603,750,000
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.