BAJFINANCE
Bajaj Finance Limited
Max pain for BAJFINANCE
12 Nov 2024 04:12 PM IST
Max Pain for BAJFINANCE is 6900
Strike 5600 has a total call value of 0 versus a total put value of 249,803,750,000 Combined total value = 249,803,750,000
Strike 5700 has a total call value of 0 versus a total put value of 227,693,750,000 Combined total value = 227,693,750,000
Strike 5800 has a total call value of 0 versus a total put value of 205,583,750,000 Combined total value = 205,583,750,000
Strike 5900 has a total call value of 0 versus a total put value of 183,746,250,000 Combined total value = 183,746,250,000
Strike 6000 has a total call value of 0 versus a total put value of 161,908,750,000 Combined total value = 161,908,750,000
Strike 6100 has a total call value of 10,000,000 versus a total put value of 141,492,500,000 Combined total value = 141,502,500,000
Strike 6200 has a total call value of 37,500,000 versus a total put value of 121,305,000,000 Combined total value = 121,342,500,000
Strike 6300 has a total call value of 65,000,000 versus a total put value of 101,967,500,000 Combined total value = 102,032,500,000
Strike 6400 has a total call value of 152,500,000 versus a total put value of 83,641,250,000 Combined total value = 83,793,750,000
Strike 6500 has a total call value of 372,500,000 versus a total put value of 66,671,250,000 Combined total value = 67,043,750,000
Strike 6600 has a total call value of 977,500,000 versus a total put value of 52,107,500,000 Combined total value = 53,085,000,000
Strike 6700 has a total call value of 2,087,500,000 versus a total put value of 39,480,000,000 Combined total value = 41,567,500,000
Strike 6800 has a total call value of 4,876,250,000 versus a total put value of 28,902,500,000 Combined total value = 33,778,750,000
Strike 6900 has a total call value of 10,873,750,000 versus a total put value of 20,968,750,000 Combined total value = 31,842,500,000
Strike 7000 has a total call value of 20,848,750,000 versus a total put value of 14,757,500,000 Combined total value = 35,606,250,000
Strike 7100 has a total call value of 39,596,250,000 versus a total put value of 10,975,000,000 Combined total value = 50,571,250,000
Strike 7200 has a total call value of 61,360,000,000 versus a total put value of 7,902,500,000 Combined total value = 69,262,500,000
Strike 7300 has a total call value of 87,300,000,000 versus a total put value of 5,611,250,000 Combined total value = 92,911,250,000
Strike 7400 has a total call value of 115,725,000,000 versus a total put value of 3,775,000,000 Combined total value = 119,500,000,000
Strike 7500 has a total call value of 145,483,750,000 versus a total put value of 2,401,250,000 Combined total value = 147,885,000,000
Strike 7600 has a total call value of 179,733,750,000 versus a total put value of 1,732,500,000 Combined total value = 181,466,250,000
Strike 7700 has a total call value of 214,976,250,000 versus a total put value of 1,063,750,000 Combined total value = 216,040,000,000
Strike 7800 has a total call value of 251,096,250,000 versus a total put value of 493,750,000 Combined total value = 251,590,000,000
Strike 7900 has a total call value of 287,982,500,000 versus a total put value of 275,000,000 Combined total value = 288,257,500,000
Strike 8000 has a total call value of 325,017,500,000 versus a total put value of 56,250,000 Combined total value = 325,073,750,000
Strike 8100 has a total call value of 364,386,250,000 versus a total put value of 45,000,000 Combined total value = 364,431,250,000
Strike 8200 has a total call value of 403,755,000,000 versus a total put value of 33,750,000 Combined total value = 403,788,750,000
Strike 8300 has a total call value of 443,303,750,000 versus a total put value of 22,500,000 Combined total value = 443,326,250,000
Strike 8400 has a total call value of 482,852,500,000 versus a total put value of 11,250,000 Combined total value = 482,863,750,000
Strike 8500 has a total call value of 522,401,250,000 versus a total put value of 0 Combined total value = 522,401,250,000
Strike 8600 has a total call value of 562,055,000,000 versus a total put value of 0 Combined total value = 562,055,000,000
Strike 8700 has a total call value of 601,708,750,000 versus a total put value of 0 Combined total value = 601,708,750,000
Strike 8800 has a total call value of 641,362,500,000 versus a total put value of 0 Combined total value = 641,362,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
