BANKBARODA
Bank Of Baroda
Max pain for BANKBARODA
21 Nov 2024 02:03 PM IST
Max Pain for BANKBARODA is 240
Strike 195 has a total call value of 0 versus a total put value of 160,134,243,750 Combined total value = 160,134,243,750
Strike 197.5 has a total call value of 0 versus a total put value of 150,418,125,000 Combined total value = 150,418,125,000
Strike 200 has a total call value of 0 versus a total put value of 140,759,775,000 Combined total value = 140,759,775,000
Strike 202.5 has a total call value of 5,118,750 versus a total put value of 131,373,450,000 Combined total value = 131,378,568,750
Strike 205 has a total call value of 10,237,500 versus a total put value of 122,028,075,000 Combined total value = 122,038,312,500
Strike 207.5 has a total call value of 24,131,250 versus a total put value of 112,896,225,000 Combined total value = 112,920,356,250
Strike 210 has a total call value of 43,143,750 versus a total put value of 103,843,350,000 Combined total value = 103,886,493,750
Strike 212.5 has a total call value of 81,168,750 versus a total put value of 95,267,981,250 Combined total value = 95,349,150,000
Strike 215 has a total call value of 135,281,250 versus a total put value of 86,884,931,250 Combined total value = 87,020,212,500
Strike 217.5 has a total call value of 253,012,500 versus a total put value of 78,770,981,250 Combined total value = 79,023,993,750
Strike 220 has a total call value of 410,962,500 versus a total put value of 70,772,568,750 Combined total value = 71,183,531,250
Strike 222.5 has a total call value of 708,581,250 versus a total put value of 63,747,450,000 Combined total value = 64,456,031,250
Strike 225 has a total call value of 1,093,950,000 versus a total put value of 56,927,812,500 Combined total value = 58,021,762,500
Strike 227.5 has a total call value of 1,802,531,250 versus a total put value of 50,718,037,500 Combined total value = 52,520,568,750
Strike 230 has a total call value of 2,664,675,000 versus a total put value of 44,690,343,750 Combined total value = 47,355,018,750
Strike 232.5 has a total call value of 4,503,768,750 versus a total put value of 39,367,575,000 Combined total value = 43,871,343,750
Strike 235 has a total call value of 6,551,268,750 versus a total put value of 34,142,062,500 Combined total value = 40,693,331,250
Strike 237.5 has a total call value of 9,211,556,250 versus a total put value of 29,482,537,500 Combined total value = 38,694,093,750
Strike 240 has a total call value of 12,198,712,500 versus a total put value of 25,010,943,750 Combined total value = 37,209,656,250
Strike 242.5 has a total call value of 16,523,325,000 versus a total put value of 21,440,981,250 Combined total value = 37,964,306,250
Strike 245 has a total call value of 21,290,343,750 versus a total put value of 18,020,925,000 Combined total value = 39,311,268,750
Strike 247.5 has a total call value of 26,827,368,750 versus a total put value of 14,962,837,500 Combined total value = 41,790,206,250
Strike 250 has a total call value of 32,645,193,750 versus a total put value of 12,003,468,750 Combined total value = 44,648,662,500
Strike 252.5 has a total call value of 39,769,031,250 versus a total put value of 9,616,668,750 Combined total value = 49,385,700,000
Strike 255 has a total call value of 47,192,681,250 versus a total put value of 7,425,112,500 Combined total value = 54,617,793,750
Strike 257.5 has a total call value of 55,477,743,750 versus a total put value of 5,539,950,000 Combined total value = 61,017,693,750
Strike 260 has a total call value of 64,083,825,000 versus a total put value of 3,812,006,250 Combined total value = 67,895,831,250
Strike 262.5 has a total call value of 76,093,143,750 versus a total put value of 2,832,862,500 Combined total value = 78,926,006,250
Strike 265 has a total call value of 88,345,237,500 versus a total put value of 1,994,850,000 Combined total value = 90,340,087,500
Strike 267.5 has a total call value of 101,468,981,250 versus a total put value of 1,386,450,000 Combined total value = 102,855,431,250
Strike 270 has a total call value of 114,717,037,500 versus a total put value of 778,050,000 Combined total value = 115,495,087,500
Strike 272.5 has a total call value of 129,051,731,250 versus a total put value of 618,637,500 Combined total value = 129,670,368,750
Strike 275 has a total call value of 143,477,831,250 versus a total put value of 459,225,000 Combined total value = 143,937,056,250
Strike 277.5 has a total call value of 158,298,075,000 versus a total put value of 329,062,500 Combined total value = 158,627,137,500
Strike 280 has a total call value of 173,173,893,750 versus a total put value of 198,900,000 Combined total value = 173,372,793,750
Strike 282.5 has a total call value of 188,631,056,250 versus a total put value of 149,175,000 Combined total value = 188,780,231,250
Strike 285 has a total call value of 204,088,218,750 versus a total put value of 99,450,000 Combined total value = 204,187,668,750
Strike 287.5 has a total call value of 219,721,612,500 versus a total put value of 49,725,000 Combined total value = 219,771,337,500
Strike 290 has a total call value of 235,376,212,500 versus a total put value of 0 Combined total value = 235,376,212,500
Strike 292.5 has a total call value of 251,242,875,000 versus a total put value of 0 Combined total value = 251,242,875,000
Strike 295 has a total call value of 267,109,537,500 versus a total put value of 0 Combined total value = 267,109,537,500
Strike 297.5 has a total call value of 283,010,568,750 versus a total put value of 0 Combined total value = 283,010,568,750
Strike 300 has a total call value of 298,911,600,000 versus a total put value of 0 Combined total value = 298,911,600,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.95 | 470 |
| ABB | 6766.95 | 7000 |
| ABBOTINDIA | 26956.55 | 28000 |
| ABCAPITAL | 184 | 200 |
| ABFRL | 285.9 | 300 |
| ACC | 2034.5 | 2240 |
| ADANIENT | 2290.25 | 2640 |
| ADANIPORTS | 1134.1 | 1200 |
| ALKEM | 5566.45 | 5500 |
| AMBUJACEM | 497 | 540 |
| APOLLOHOSP | 6722.2 | 6900 |
| APOLLOTYRE | 484 | 480 |
| ASHOKLEY | 217.52 | 220 |
| ASIANPAINT | 2429 | 2540 |
| ASTRAL | 1713.1 | 1780 |
| ATUL | 7246.65 | 7500 |
| AUBANK | 593.4 | 590 |
| AUROPHARMA | 1218.2 | 1300 |
| AXISBANK | 1141.65 | 1150 |
| BAJAJ-AUTO | 9490.65 | 9700 |
| BAJAJFINSV | 1574.35 | 1620 |
| BAJFINANCE | 6493.35 | 6700 |
| BALKRISIND | 2741.55 | 2800 |
| BANDHANBNK | 166.64 | 177.5 |
| BANKBARODA | 229.8 | 240 |
| BATAINDIA | 1280.95 | 1310 |
| BEL | 274.9 | 285 |
| BERGEPAINT | 466.55 | 495 |
| BHARATFORG | 1295.6 | 1340 |
| BHARTIARTL | 1521.9 | 1540 |
| BHEL | 228 | 235 |
| BIOCON | 324.4 | 330 |
| BOSCHLTD | 34078.05 | 34000 |
| BPCL | 282.15 | 300 |
| BRITANNIA | 4772.95 | 5000 |
| BSOFT | 544.8 | 560 |
| CANBK | 94.92 | 100 |
| CANFINHOME | 823.6 | 830 |
| CHAMBLFERT | 459.8 | 480 |
| CHOLAFIN | 1210.3 | 1240 |
| CIPLA | 1456.75 | 1520 |
| COALINDIA | 405.35 | 425 |
| COFORGE | 8208.75 | 8000 |
| COLPAL | 2687.1 | 2800 |
| CONCOR | 768.5 | 810 |
| COROMANDEL | 1776 | 1720 |
| CROMPTON | 381.8 | 390 |
| CUB | 170.55 | 175 |
| CUMMINSIND | 3291.65 | 3400 |
| DABUR | 505.35 | 525 |
| DALBHARAT | 1776.2 | 1760 |
| DEEPAKNTR | 2622.7 | 2650 |
| DIVISLAB | 5950.55 | 5900 |
| DIXON | 15032.6 | 14750 |
| DLF | 776.7 | 780 |
| DRREDDY | 1193.35 | 1220 |
| EICHERMOT | 4911.4 | 4900 |
| ESCORTS | 3460.5 | 3600 |
| EXIDEIND | 415.75 | 440 |
| FEDERALBNK | 210.89 | 205 |
| GAIL | 188.72 | 197.5 |
| GLENMARK | 1463.85 | 1520 |
| GMRINFRA | 76.94 | 82 |
| GNFC | 557.1 | 570 |
| GODREJCP | 1180.2 | 1200 |
| GODREJPROP | 2715.1 | 2750 |
| GRANULES | 544.85 | 580 |
| GRASIM | 2541.75 | 2540 |
| GUJGASLTD | 453.75 | 480 |
| HAL | 3993.9 | 4200 |
| HAVELLS | 1631.25 | 1640 |
| HCLTECH | 1831.15 | 1820 |
| HDFCAMC | 4209.8 | 4300 |
| HDFCBANK | 1743.05 | 1740 |
| HDFCLIFE | 673.65 | 680 |
| HEROMOTOCO | 4752.85 | 4800 |
| HINDALCO | 646.05 | 650 |
| HINDCOPPER | 263.6 | 290 |
| HINDPETRO | 360.2 | 375 |
| HINDUNILVR | 2379.25 | 2480 |
| ICICIBANK | 1252.15 | 1260 |
| ICICIGI | 1819.45 | 1880 |
| ICICIPRULI | 680.05 | 690 |
| IDEA | 6.97 | 8 |
| IDFCFIRSTB | 63.17 | 66 |
| IEX | 161.6 | 170 |
| IGL | 311.1 | 330 |
| INDHOTEL | 790.9 | 760 |
| INDIAMART | 2249.95 | 2400 |
| INDIGO | 4060.3 | 4000 |
| INDUSINDBK | 975 | 1040 |
| INDUSTOWER | 330.6 | 340 |
| INFY | 1827.2 | 1800 |
| IOC | 131.1 | 140 |
| IPCALAB | 1566.95 | 1560 |
| IRCTC | 797 | 820 |
| ITC | 455.95 | 475 |
| JINDALSTEL | 875.05 | 900 |
| JKCEMENT | 4006.15 | 4000 |
| JSWSTEEL | 942.75 | 960 |
| JUBLFOOD | 611.2 | 620 |
| KOTAKBANK | 1735.5 | 1760 |
| LALPATHLAB | 3019.95 | 3100 |
| LAURUSLABS | 487.95 | 490 |
| LICHSGFIN | 611.95 | 630 |
| LT | 3493 | 3600 |
| LTF | 137.98 | 140 |
| LTIM | 5917.05 | 5900 |
| LTTS | 5166 | 5150 |
| LUPIN | 2037.85 | 2100 |
| M&M | 2944.85 | 2900 |
| M&MFIN | 257.2 | 265 |
| MANAPPURAM | 150.9 | 155 |
| MARICO | 590.2 | 600 |
| MARUTI | 10912 | 11000 |
| MCX | 6187.05 | 6200 |
| METROPOLIS | 2010 | 2060 |
| MFSL | 1175.45 | 1200 |
| MGL | 1115.45 | 1160 |
| MOTHERSON | 161.7 | 175 |
| MPHASIS | 2774.6 | 2850 |
| MRF | 123095.85 | 122500 |
| MUTHOOTFIN | 1909 | 1880 |
| NATIONALUM | 249.25 | 240 |
| NAUKRI | 7521.65 | 7700 |
| NAVINFLUOR | 3266 | 3400 |
| NESTLEIND | 2205 | 2280 |
| NMDC | 218.56 | 225 |
| NTPC | 356.25 | 370 |
| OBEROIRLTY | 1933.05 | 1960 |
| OFSS | 11139.95 | 11500 |
| ONGC | 242 | 250 |
| PAGEIND | 44568.45 | 45500 |
| PEL | 1053.3 | 1060 |
| PERSISTENT | 5733.7 | 5600 |
| PETRONET | 320.85 | 328 |
| PFC | 452.5 | 460 |
| PIDILITIND | 2942.7 | 3060 |
| PIIND | 4131.85 | 4200 |
| PNB | 96.97 | 102 |
| POLYCAB | 6427.1 | 6500 |
| POWERGRID | 322 | 320 |
| PVRINOX | 1444.9 | 1500 |
| RAMCOCEM | 918.1 | 900 |
| RBLBANK | 158.5 | 160 |
| RECLTD | 489.9 | 510 |
| RELIANCE | 1219.95 | 1290 |
| SAIL | 111.16 | 115 |
| SBICARD | 674.05 | 690 |
| SBILIFE | 1483.75 | 1520 |
| SBIN | 781.85 | 800 |
| SHREECEM | 24279 | 24500 |
| SHRIRAMFIN | 2802.1 | 2900 |
| SIEMENS | 6684.9 | 6800 |
| SRF | 2154.8 | 2260 |
| SUNPHARMA | 1764.95 | 1800 |
| SUNTV | 727.8 | 730 |
| SYNGENE | 842.75 | 870 |
| TATACHEM | 1057.85 | 1100 |
| TATACOMM | 1712.15 | 1780 |
| TATACONSUM | 911.85 | 950 |
| TATAMOTORS | 778.25 | 800 |
| TATAPOWER | 410.05 | 420 |
| TATASTEEL | 140.52 | 145 |
| TCS | 4052.55 | 4100 |
| TECHM | 1697.6 | 1680 |
| TITAN | 3164.85 | 3200 |
| TORNTPHARM | 3092.2 | 3150 |
| TRENT | 6460 | 6600 |
| TVSMOTOR | 2399.45 | 2450 |
| UBL | 1819.45 | 1880 |
| ULTRACEMCO | 10924 | 11000 |
| UNITDSPR | 1490.8 | 1480 |
| UPL | 563.7 | 540 |
| VEDL | 442.7 | 460 |
| VOLTAS | 1673.75 | 1700 |
| WIPRO | 556.8 | 560 |
| ZYDUSLIFE | 940.1 | 960 |
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.
