BANKBARODA
Bank Of Baroda
Max pain for BANKBARODA
21 Nov 2024 04:13 PM IST
Max Pain for BANKBARODA is 240
Strike 195 has a total call value of 0 versus a total put value of 157,395,712,500 Combined total value = 157,395,712,500
Strike 197.5 has a total call value of 0 versus a total put value of 147,917,981,250 Combined total value = 147,917,981,250
Strike 200 has a total call value of 0 versus a total put value of 138,481,931,250 Combined total value = 138,481,931,250
Strike 202.5 has a total call value of 5,850,000 versus a total put value of 129,298,893,750 Combined total value = 129,304,743,750
Strike 205 has a total call value of 11,700,000 versus a total put value of 120,156,075,000 Combined total value = 120,167,775,000
Strike 207.5 has a total call value of 26,325,000 versus a total put value of 111,205,575,000 Combined total value = 111,231,900,000
Strike 210 has a total call value of 46,068,750 versus a total put value of 102,326,737,500 Combined total value = 102,372,806,250
Strike 212.5 has a total call value of 84,093,750 versus a total put value of 93,936,375,000 Combined total value = 94,020,468,750
Strike 215 has a total call value of 138,937,500 versus a total put value of 85,736,868,750 Combined total value = 85,875,806,250
Strike 217.5 has a total call value of 248,625,000 versus a total put value of 77,788,181,250 Combined total value = 78,036,806,250
Strike 220 has a total call value of 396,337,500 versus a total put value of 69,974,775,000 Combined total value = 70,371,112,500
Strike 222.5 has a total call value of 656,662,500 versus a total put value of 63,041,793,750 Combined total value = 63,698,456,250
Strike 225 has a total call value of 994,500,000 versus a total put value of 56,304,056,250 Combined total value = 57,298,556,250
Strike 227.5 has a total call value of 1,623,375,000 versus a total put value of 50,140,350,000 Combined total value = 51,763,725,000
Strike 230 has a total call value of 2,403,618,750 versus a total put value of 44,130,206,250 Combined total value = 46,533,825,000
Strike 232.5 has a total call value of 4,086,225,000 versus a total put value of 38,881,293,750 Combined total value = 42,967,518,750
Strike 235 has a total call value of 5,969,193,750 versus a total put value of 33,739,143,750 Combined total value = 39,708,337,500
Strike 237.5 has a total call value of 8,470,800,000 versus a total put value of 29,168,831,250 Combined total value = 37,639,631,250
Strike 240 has a total call value of 11,323,406,250 versus a total put value of 24,780,600,000 Combined total value = 36,104,006,250
Strike 242.5 has a total call value of 15,520,050,000 versus a total put value of 21,258,168,750 Combined total value = 36,778,218,750
Strike 245 has a total call value of 20,154,712,500 versus a total put value of 17,885,643,750 Combined total value = 38,040,356,250
Strike 247.5 has a total call value of 25,569,618,750 versus a total put value of 14,853,881,250 Combined total value = 40,423,500,000
Strike 250 has a total call value of 31,281,412,500 versus a total put value of 11,918,643,750 Combined total value = 43,200,056,250
Strike 252.5 has a total call value of 38,291,906,250 versus a total put value of 9,551,587,500 Combined total value = 47,843,493,750
Strike 255 has a total call value of 45,611,718,750 versus a total put value of 7,379,775,000 Combined total value = 52,991,493,750
Strike 257.5 has a total call value of 53,752,725,000 versus a total put value of 5,506,312,500 Combined total value = 59,259,037,500
Strike 260 has a total call value of 62,209,631,250 versus a total put value of 3,790,068,750 Combined total value = 65,999,700,000
Strike 262.5 has a total call value of 74,093,175,000 versus a total put value of 2,821,162,500 Combined total value = 76,914,337,500
Strike 265 has a total call value of 86,219,493,750 versus a total put value of 1,993,387,500 Combined total value = 88,212,881,250
Strike 267.5 has a total call value of 99,202,106,250 versus a total put value of 1,385,718,750 Combined total value = 100,587,825,000
Strike 270 has a total call value of 112,309,031,250 versus a total put value of 778,050,000 Combined total value = 113,087,081,250
Strike 272.5 has a total call value of 126,474,806,250 versus a total put value of 618,637,500 Combined total value = 127,093,443,750
Strike 275 has a total call value of 140,731,987,500 versus a total put value of 459,225,000 Combined total value = 141,191,212,500
Strike 277.5 has a total call value of 155,375,268,750 versus a total put value of 329,062,500 Combined total value = 155,704,331,250
Strike 280 has a total call value of 170,074,125,000 versus a total put value of 198,900,000 Combined total value = 170,273,025,000
Strike 282.5 has a total call value of 185,296,556,250 versus a total put value of 149,175,000 Combined total value = 185,445,731,250
Strike 285 has a total call value of 200,518,987,500 versus a total put value of 99,450,000 Combined total value = 200,618,437,500
Strike 287.5 has a total call value of 215,916,918,750 versus a total put value of 49,725,000 Combined total value = 215,966,643,750
Strike 290 has a total call value of 231,336,056,250 versus a total put value of 0 Combined total value = 231,336,056,250
Strike 292.5 has a total call value of 246,957,018,750 versus a total put value of 0 Combined total value = 246,957,018,750
Strike 295 has a total call value of 262,577,981,250 versus a total put value of 0 Combined total value = 262,577,981,250
Strike 297.5 has a total call value of 278,233,312,500 versus a total put value of 0 Combined total value = 278,233,312,500
Strike 300 has a total call value of 293,888,643,750 versus a total put value of 0 Combined total value = 293,888,643,750
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 980 |
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.
