BAJFINANCE
Bajaj Finance Limited
Max pain for BAJFINANCE
07 Feb 2025 04:12 PM IST
Max Pain for BAJFINANCE is 8200
Strike 6000 has a total call value of 0 versus a total put value of 787,296,250,000 Combined total value = 787,296,250,000
Strike 6100 has a total call value of 0 versus a total put value of 740,905,000,000 Combined total value = 740,905,000,000
Strike 6200 has a total call value of 0 versus a total put value of 694,513,750,000 Combined total value = 694,513,750,000
Strike 6300 has a total call value of 0 versus a total put value of 648,122,500,000 Combined total value = 648,122,500,000
Strike 6400 has a total call value of 0 versus a total put value of 601,731,250,000 Combined total value = 601,731,250,000
Strike 6500 has a total call value of 0 versus a total put value of 556,797,500,000 Combined total value = 556,797,500,000
Strike 6600 has a total call value of 0 versus a total put value of 512,395,000,000 Combined total value = 512,395,000,000
Strike 6700 has a total call value of 0 versus a total put value of 468,580,000,000 Combined total value = 468,580,000,000
Strike 6800 has a total call value of 0 versus a total put value of 425,091,250,000 Combined total value = 425,091,250,000
Strike 6900 has a total call value of 0 versus a total put value of 382,562,500,000 Combined total value = 382,562,500,000
Strike 7000 has a total call value of 13,750,000 versus a total put value of 340,946,250,000 Combined total value = 340,960,000,000
Strike 7100 has a total call value of 218,750,000 versus a total put value of 303,813,750,000 Combined total value = 304,032,500,000
Strike 7200 has a total call value of 423,750,000 versus a total put value of 267,363,750,000 Combined total value = 267,787,500,000
Strike 7300 has a total call value of 628,750,000 versus a total put value of 232,036,250,000 Combined total value = 232,665,000,000
Strike 7400 has a total call value of 1,156,250,000 versus a total put value of 198,503,750,000 Combined total value = 199,660,000,000
Strike 7500 has a total call value of 2,170,000,000 versus a total put value of 166,780,000,000 Combined total value = 168,950,000,000
Strike 7600 has a total call value of 4,022,500,000 versus a total put value of 139,387,500,000 Combined total value = 143,410,000,000
Strike 7700 has a total call value of 6,358,750,000 versus a total put value of 113,642,500,000 Combined total value = 120,001,250,000
Strike 7800 has a total call value of 9,215,000,000 versus a total put value of 89,687,500,000 Combined total value = 98,902,500,000
Strike 7900 has a total call value of 13,133,750,000 versus a total put value of 68,295,000,000 Combined total value = 81,428,750,000
Strike 8000 has a total call value of 17,832,500,000 versus a total put value of 48,962,500,000 Combined total value = 66,795,000,000
Strike 8100 has a total call value of 25,787,500,000 versus a total put value of 35,122,500,000 Combined total value = 60,910,000,000
Strike 8200 has a total call value of 34,810,000,000 versus a total put value of 23,426,250,000 Combined total value = 58,236,250,000
Strike 8300 has a total call value of 45,803,750,000 versus a total put value of 14,536,250,000 Combined total value = 60,340,000,000
Strike 8400 has a total call value of 60,611,250,000 versus a total put value of 8,148,750,000 Combined total value = 68,760,000,000
Strike 8500 has a total call value of 77,037,500,000 versus a total put value of 3,845,000,000 Combined total value = 80,882,500,000
Strike 8600 has a total call value of 97,522,500,000 versus a total put value of 1,843,750,000 Combined total value = 99,366,250,000
Strike 8700 has a total call value of 120,923,750,000 versus a total put value of 745,000,000 Combined total value = 121,668,750,000
Strike 8800 has a total call value of 147,831,250,000 versus a total put value of 320,000,000 Combined total value = 148,151,250,000
Strike 8900 has a total call value of 177,076,250,000 versus a total put value of 158,750,000 Combined total value = 177,235,000,000
Strike 9000 has a total call value of 207,648,750,000 versus a total put value of 3,750,000 Combined total value = 207,652,500,000
Strike 9100 has a total call value of 242,922,500,000 versus a total put value of 2,500,000 Combined total value = 242,925,000,000
Strike 9200 has a total call value of 278,872,500,000 versus a total put value of 1,250,000 Combined total value = 278,873,750,000
Strike 9300 has a total call value of 316,122,500,000 versus a total put value of 0 Combined total value = 316,122,500,000
Strike 9400 has a total call value of 355,223,750,000 versus a total put value of 0 Combined total value = 355,223,750,000
Strike 9500 has a total call value of 395,352,500,000 versus a total put value of 0 Combined total value = 395,352,500,000
Strike 9600 has a total call value of 436,892,500,000 versus a total put value of 0 Combined total value = 436,892,500,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 465.4 | 450 |
ABB | 5685.75 | 5700 |
ABBOTINDIA | 29799.6 | 29000 |
ABCAPITAL | 169.41 | 177.5 |
ABFRL | 275.6 | 290 |
ACC | 1999.1 | 2000 |
ADANIENSOL | 773.4 | 760 |
ADANIENT | 2338.8 | 2500 |
ADANIGREEN | 989.5 | 1000 |
ADANIPORTS | 1146.1 | 1140 |
ALKEM | 5151.35 | 5100 |
AMBUJACEM | 512.75 | 520 |
ANGELONE | 2412.8 | 2400 |
APLAPOLLO | 1427.85 | 1500 |
APOLLOHOSP | 6790.55 | 6900 |
APOLLOTYRE | 426.15 | 430 |
ASHOKLEY | 212.05 | 212.5 |
ASIANPAINT | 2271 | 2300 |
ASTRAL | 1472.15 | 1500 |
ATGL | 629.45 | 630 |
ATUL | 6101.75 | 6200 |
AUBANK | 592.1 | 595 |
AUROPHARMA | 1191.7 | 1200 |
AXISBANK | 1024.1 | 1010 |
BAJAJ-AUTO | 8989.4 | 9000 |
BAJAJFINSV | 1798.35 | 1800 |
BAJFINANCE | 8474.25 | 8200 |
BALKRISIND | 2719.15 | 2760 |
BANDHANBNK | 152.37 | 152.5 |
BANKBARODA | 216.32 | 225 |
BANKINDIA | 106.16 | 109 |
BATAINDIA | 1334.5 | 1350 |
BEL | 277.05 | 280 |
BERGEPAINT | 479.35 | 480 |
BHARATFORG | 1139.45 | 1180 |
BHARTIARTL | 1676.75 | 1660 |
BHEL | 202.84 | 205 |
BIOCON | 386.8 | 380 |
BOSCHLTD | 28045.15 | 30000 |
BPCL | 264.3 | 265 |
BRITANNIA | 4870.5 | 5000 |
BSE | 5726.1 | 5500 |
BSOFT | 534.35 | 540 |
CAMS | 3663.05 | 3700 |
CANBK | 94.06 | 95 |
CANFINHOME | 669.3 | 670 |
CDSL | 1336.2 | 1300 |
CESC | 135.2 | 135 |
CGPOWER | 617.45 | 610 |
CHAMBLFERT | 555.75 | 530 |
CHOLAFIN | 1380.15 | 1340 |
CIPLA | 1472.25 | 1460 |
COALINDIA | 378.25 | 390 |
COFORGE | 8535.85 | 8400 |
COLPAL | 2612.2 | 2700 |
CONCOR | 723.85 | 750 |
COROMANDEL | 1858.2 | 1820 |
CROMPTON | 365.85 | 365 |
CUB | 174.2 | 175 |
CUMMINSIND | 2871.9 | 2900 |
CYIENT | 1524.35 | 1420 |
DABUR | 527.1 | 535 |
DALBHARAT | 1849.75 | 1840 |
DEEPAKNTR | 2350.95 | 2350 |
DELHIVERY | 315.1 | 320 |
DIVISLAB | 6140.55 | 6000 |
DIXON | 15154.65 | 15000 |
DLF | 757.45 | 760 |
DMART | 3743.5 | 3800 |
DRREDDY | 1240.4 | 1220 |
EICHERMOT | 5372.55 | 5350 |
ESCORTS | 3269.7 | 3400 |
EXIDEIND | 377.1 | 380 |
FEDERALBNK | 188.14 | 190 |
GAIL | 171.05 | 177.5 |
GLENMARK | 1540.15 | 1500 |
GMRAIRPORT | 74.53 | 75 |
GMRINFRA | 0 | 76 |
GNFC | 576.65 | 560 |
GODREJCP | 1106.75 | 1130 |
GODREJPROP | 2196.9 | 2300 |
GRANULES | 582.9 | 560 |
GRASIM | 2487.6 | 2500 |
GUJGASLTD | 460.8 | 470 |
HAL | 3818.85 | 3800 |
HAVELLS | 1614.1 | 1600 |
HCLTECH | 1725.65 | 1720 |
HDFCAMC | 3922.35 | 3900 |
HDFCBANK | 1732.75 | 1720 |
HDFCLIFE | 635.7 | 640 |
HEROMOTOCO | 4274.65 | 4250 |
HFCL | 100.54 | 102.5 |
HINDALCO | 607.4 | 600 |
HINDCOPPER | 244.14 | 245 |
HINDPETRO | 342.5 | 350 |
HINDUNILVR | 2363.85 | 2400 |
HUDCO | 206.75 | 210 |
ICICIBANK | 1256.9 | 1260 |
ICICIGI | 1826.95 | 1880 |
ICICIPRULI | 600.05 | 610 |
IDEA | 9.47 | 9 |
IDFCFIRSTB | 64.09 | 63 |
IEX | 182.24 | 180 |
IGL | 198.9 | 200 |
INDHOTEL | 791.8 | 800 |
INDIAMART | 2172.65 | 2200 |
INDIANB | 543.35 | 550 |
INDIGO | 4364.55 | 4400 |
INDUSINDBK | 1079.1 | 1050 |
INDUSTOWER | 363.3 | 360 |
INFY | 1903.65 | 1900 |
IOC | 125.11 | 130 |
IPCALAB | 1507.25 | 1500 |
IRB | 53.21 | 54 |
IRCTC | 774.1 | 800 |
IRFC | 133.43 | 135 |
ITC | 430.85 | 435 |
JINDALSTEL | 844.55 | 840 |
JIOFIN | 249.45 | 250 |
JKCEMENT | 4879.7 | 4850 |
JSL | 642.1 | 650 |
JSWENERGY | 484.65 | 480 |
JSWSTEEL | 980.75 | 960 |
JUBLFOOD | 688.4 | 710 |
KALYANKJIL | 539.4 | 520 |
KEI | 3912.25 | 4000 |
KOTAKBANK | 1929.25 | 1900 |
KPITTECH | 1447.8 | 1400 |
LALPATHLAB | 2811.8 | 2800 |
LAURUSLABS | 641.35 | 600 |
LICHSGFIN | 578.2 | 580 |
LICI | 816.1 | 840 |
LODHA | 1238.8 | 1200 |
LT | 3336.9 | 3450 |
LTF | 149.21 | 150 |
LTIM | 5956.6 | 5900 |
LTTS | 5597.8 | 5400 |
LUPIN | 2201.15 | 2140 |
M&M | 3198.45 | 3150 |
M&MFIN | 297.7 | 290 |
MANAPPURAM | 208.64 | 200 |
MARICO | 649.25 | 660 |
MARUTI | 13049.5 | 12800 |
MAXHEALTH | 1143.2 | 1140 |
MCX | 6001.75 | 6000 |
METROPOLIS | 1839.3 | 1800 |
MFSL | 1112.55 | 1120 |
MGL | 1359.5 | 1340 |
MOTHERSON | 138.07 | 140 |
MPHASIS | 2868.5 | 2850 |
MRF | 112875.1 | 113500 |
MUTHOOTFIN | 2244.55 | 2200 |
NATIONALUM | 200.49 | 200 |
NAUKRI | 7860.1 | 7900 |
NAVINFLUOR | 4221.45 | 4200 |
NBCC | 92.48 | 95 |
NCC | 207.3 | 215 |
NESTLEIND | 2225.1 | 2280 |
NHPC | 77.43 | 78 |
NMDC | 66.66 | 67 |
NTPC | 316.95 | 320 |
NYKAA | 173.46 | 172.5 |
OBEROIRLTY | 1824.85 | 1800 |
OFSS | 9452.7 | 9500 |
OIL | 424.8 | 420 |
ONGC | 248.9 | 250 |
PAGEIND | 42983.05 | 44000 |
PAYTM | 809.8 | 800 |
PEL | 1034.9 | 1080 |
PERSISTENT | 6254.1 | 6100 |
PETRONET | 315.45 | 310 |
PFC | 409.65 | 420 |
PHOENIXLTD | 1643.75 | 1700 |
PIDILITIND | 2870.6 | 2900 |
PIIND | 3543.85 | 3600 |
PNB | 99.27 | 100 |
POLICYBZR | 1725.4 | 1700 |
POLYCAB | 5869.7 | 6000 |
POONAWALLA | 316.7 | 310 |
POWERGRID | 278.15 | 285 |
PRESTIGE | 1347.7 | 1400 |
PVRINOX | 1088.35 | 1100 |
RAMCOCEM | 894.8 | 890 |
RBLBANK | 169.5 | 167.5 |
RECLTD | 441.2 | 440 |
RELIANCE | 1266.7 | 1280 |
SAIL | 110.32 | 110 |
SBICARD | 815.55 | 800 |
SBILIFE | 1470.95 | 1460 |
SBIN | 737.2 | 760 |
SHREECEM | 28249.1 | 28000 |
SHRIRAMFIN | 559.55 | 560 |
SIEMENS | 5505.5 | 5600 |
SJVN | 95.39 | 95 |
SOLARINDS | 9085.8 | 9500 |
SONACOMS | 529.6 | 520 |
SRF | 2879.95 | 2820 |
SUNPHARMA | 1749.8 | 1740 |
SUNTV | 631.65 | 630 |
SUPREMEIND | 4020 | 4000 |
SYNGENE | 744.85 | 750 |
TATACHEM | 931.4 | 960 |
TATACOMM | 1605.8 | 1600 |
TATACONSUM | 1021.2 | 1020 |
TATAELXSI | 6436.6 | 6400 |
TATAMOTORS | 706.75 | 720 |
TATAPOWER | 367.1 | 375 |
TATASTEEL | 138.31 | 138 |
TCS | 4029.4 | 4100 |
TECHM | 1692.1 | 1680 |
TIINDIA | 2909.85 | 3000 |
TITAN | 3424.8 | 3500 |
TORNTPHARM | 3258.6 | 3200 |
TORNTPOWER | 1407.3 | 1360 |
TRENT | 5454.4 | 5600 |
TVSMOTOR | 2605.65 | 2580 |
UBL | 2048.65 | 2100 |
ULTRACEMCO | 11640.6 | 11500 |
UNIONBANK | 117.85 | 116 |
UNITDSPR | 1427.5 | 1460 |
UPL | 641.35 | 620 |
VBL | 553.7 | 550 |
VEDL | 455.8 | 450 |
VOLTAS | 1383.25 | 1360 |
WIPRO | 318 | 310 |
YESBANK | 19.12 | 19 |
ZOMATO | 233.9 | 230 |
ZYDUSLIFE | 994.15 | 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.