BAJFINANCE
Bajaj Finance Limited
Max pain for BAJFINANCE
21 Sep 2025 04:13 PM ISTNext Refresh in
Max Pain for BAJFINANCE is 980
Strike 600 has a total call value of 0 versus a total put value of 618,455,250,000 Combined total value = 618,455,250,000
Strike 610 has a total call value of 0 versus a total put value of 600,336,750,000 Combined total value = 600,336,750,000
Strike 620 has a total call value of 0 versus a total put value of 582,218,250,000 Combined total value = 582,218,250,000
Strike 630 has a total call value of 0 versus a total put value of 564,099,750,000 Combined total value = 564,099,750,000
Strike 640 has a total call value of 0 versus a total put value of 545,981,250,000 Combined total value = 545,981,250,000
Strike 650 has a total call value of 0 versus a total put value of 527,862,750,000 Combined total value = 527,862,750,000
Strike 660 has a total call value of 0 versus a total put value of 509,744,250,000 Combined total value = 509,744,250,000
Strike 670 has a total call value of 0 versus a total put value of 491,625,750,000 Combined total value = 491,625,750,000
Strike 680 has a total call value of 0 versus a total put value of 473,507,250,000 Combined total value = 473,507,250,000
Strike 690 has a total call value of 0 versus a total put value of 455,388,750,000 Combined total value = 455,388,750,000
Strike 700 has a total call value of 0 versus a total put value of 437,270,250,000 Combined total value = 437,270,250,000
Strike 710 has a total call value of 0 versus a total put value of 419,151,750,000 Combined total value = 419,151,750,000
Strike 720 has a total call value of 0 versus a total put value of 401,033,250,000 Combined total value = 401,033,250,000
Strike 730 has a total call value of 0 versus a total put value of 382,914,750,000 Combined total value = 382,914,750,000
Strike 740 has a total call value of 0 versus a total put value of 364,796,250,000 Combined total value = 364,796,250,000
Strike 750 has a total call value of 0 versus a total put value of 346,677,750,000 Combined total value = 346,677,750,000
Strike 760 has a total call value of 0 versus a total put value of 328,559,250,000 Combined total value = 328,559,250,000
Strike 770 has a total call value of 0 versus a total put value of 310,440,750,000 Combined total value = 310,440,750,000
Strike 780 has a total call value of 0 versus a total put value of 292,322,250,000 Combined total value = 292,322,250,000
Strike 790 has a total call value of 0 versus a total put value of 274,286,250,000 Combined total value = 274,286,250,000
Strike 800 has a total call value of 0 versus a total put value of 256,349,250,000 Combined total value = 256,349,250,000
Strike 810 has a total call value of 191,250,000 versus a total put value of 238,806,000,000 Combined total value = 238,997,250,000
Strike 820 has a total call value of 382,500,000 versus a total put value of 221,331,000,000 Combined total value = 221,713,500,000
Strike 830 has a total call value of 573,750,000 versus a total put value of 204,354,750,000 Combined total value = 204,928,500,000
Strike 840 has a total call value of 765,000,000 versus a total put value of 187,378,500,000 Combined total value = 188,143,500,000
Strike 850 has a total call value of 956,250,000 versus a total put value of 170,928,750,000 Combined total value = 171,885,000,000
Strike 860 has a total call value of 1,281,750,000 versus a total put value of 154,827,000,000 Combined total value = 156,108,750,000
Strike 870 has a total call value of 1,677,000,000 versus a total put value of 138,897,750,000 Combined total value = 140,574,750,000
Strike 880 has a total call value of 2,072,250,000 versus a total put value of 123,353,250,000 Combined total value = 125,425,500,000
Strike 890 has a total call value of 2,583,000,000 versus a total put value of 108,502,500,000 Combined total value = 111,085,500,000
Strike 900 has a total call value of 3,284,250,000 versus a total put value of 94,108,500,000 Combined total value = 97,392,750,000
Strike 910 has a total call value of 4,753,500,000 versus a total put value of 81,355,500,000 Combined total value = 86,109,000,000
Strike 920 has a total call value of 6,435,000,000 versus a total put value of 68,933,250,000 Combined total value = 75,368,250,000
Strike 930 has a total call value of 8,740,500,000 versus a total put value of 57,377,250,000 Combined total value = 66,117,750,000
Strike 940 has a total call value of 11,397,000,000 versus a total put value of 46,809,000,000 Combined total value = 58,206,000,000
Strike 950 has a total call value of 14,458,500,000 versus a total put value of 37,467,000,000 Combined total value = 51,925,500,000
Strike 960 has a total call value of 18,115,500,000 versus a total put value of 29,316,000,000 Combined total value = 47,431,500,000
Strike 970 has a total call value of 22,263,750,000 versus a total put value of 22,054,500,000 Combined total value = 44,318,250,000
Strike 980 has a total call value of 26,829,000,000 versus a total put value of 15,718,500,000 Combined total value = 42,547,500,000
Strike 990 has a total call value of 32,015,250,000 versus a total put value of 10,903,500,000 Combined total value = 42,918,750,000
Strike 1000 has a total call value of 37,757,250,000 versus a total put value of 6,897,750,000 Combined total value = 44,655,000,000
Strike 1010 has a total call value of 45,885,000,000 versus a total put value of 4,639,500,000 Combined total value = 50,524,500,000
Strike 1020 has a total call value of 55,299,750,000 versus a total put value of 2,970,750,000 Combined total value = 58,270,500,000
Strike 1030 has a total call value of 66,971,250,000 versus a total put value of 2,027,250,000 Combined total value = 68,998,500,000
Strike 1040 has a total call value of 79,735,500,000 versus a total put value of 1,304,250,000 Combined total value = 81,039,750,000
Strike 1050 has a total call value of 93,853,500,000 versus a total put value of 815,250,000 Combined total value = 94,668,750,000
Strike 1060 has a total call value of 109,088,250,000 versus a total put value of 570,000,000 Combined total value = 109,658,250,000
Strike 1070 has a total call value of 124,929,750,000 versus a total put value of 363,000,000 Combined total value = 125,292,750,000
Strike 1080 has a total call value of 141,207,750,000 versus a total put value of 156,000,000 Combined total value = 141,363,750,000
Strike 1090 has a total call value of 158,124,000,000 versus a total put value of 78,000,000 Combined total value = 158,202,000,000
Strike 1100 has a total call value of 175,208,250,000 versus a total put value of 0 Combined total value = 175,208,250,000
Strike 1110 has a total call value of 193,983,000,000 versus a total put value of 0 Combined total value = 193,983,000,000
Strike 1120 has a total call value of 212,757,750,000 versus a total put value of 0 Combined total value = 212,757,750,000
Strike 1130 has a total call value of 231,779,250,000 versus a total put value of 0 Combined total value = 231,779,250,000
Strike 1140 has a total call value of 250,800,750,000 versus a total put value of 0 Combined total value = 250,800,750,000
Strike 1150 has a total call value of 269,931,000,000 versus a total put value of 0 Combined total value = 269,931,000,000
Strike 1160 has a total call value of 289,061,250,000 versus a total put value of 0 Combined total value = 289,061,250,000
Strike 1170 has a total call value of 308,191,500,000 versus a total put value of 0 Combined total value = 308,191,500,000
Strike 1180 has a total call value of 327,321,750,000 versus a total put value of 0 Combined total value = 327,321,750,000
Strike 1190 has a total call value of 346,452,000,000 versus a total put value of 0 Combined total value = 346,452,000,000
Strike 1200 has a total call value of 365,582,250,000 versus a total put value of 0 Combined total value = 365,582,250,000
Strike 1210 has a total call value of 385,001,250,000 versus a total put value of 0 Combined total value = 385,001,250,000
Strike 1220 has a total call value of 404,420,250,000 versus a total put value of 0 Combined total value = 404,420,250,000
Strike 1230 has a total call value of 423,839,250,000 versus a total put value of 0 Combined total value = 423,839,250,000
Strike 1240 has a total call value of 443,258,250,000 versus a total put value of 0 Combined total value = 443,258,250,000
Strike 1250 has a total call value of 462,677,250,000 versus a total put value of 0 Combined total value = 462,677,250,000
Strike 1260 has a total call value of 482,096,250,000 versus a total put value of 0 Combined total value = 482,096,250,000
Strike 1270 has a total call value of 501,515,250,000 versus a total put value of 0 Combined total value = 501,515,250,000
Strike 1280 has a total call value of 520,934,250,000 versus a total put value of 0 Combined total value = 520,934,250,000
Strike 1300 has a total call value of 559,772,250,000 versus a total put value of 0 Combined total value = 559,772,250,000
Strike 1320 has a total call value of 598,610,250,000 versus a total put value of 0 Combined total value = 598,610,250,000
Strike 1340 has a total call value of 637,448,250,000 versus a total put value of 0 Combined total value = 637,448,250,000
Strike 1360 has a total call value of 676,286,250,000 versus a total put value of 0 Combined total value = 676,286,250,000
Strike 1380 has a total call value of 715,124,250,000 versus a total put value of 0 Combined total value = 715,124,250,000
Strike 1400 has a total call value of 753,962,250,000 versus a total put value of 0 Combined total value = 753,962,250,000
Strike 1420 has a total call value of 792,800,250,000 versus a total put value of 0 Combined total value = 792,800,250,000
Strike 1500 has a total call value of 948,152,250,000 versus a total put value of 0 Combined total value = 948,152,250,000
Strike 1600 has a total call value of 1,142,342,250,000 versus a total put value of 0 Combined total value = 1,142,342,250,000
Strike 1700 has a total call value of 1,336,532,250,000 versus a total put value of 0 Combined total value = 1,336,532,250,000
Strike 1800 has a total call value of 1,530,722,250,000 versus a total put value of 0 Combined total value = 1,530,722,250,000
Strike 1900 has a total call value of 1,724,912,250,000 versus a total put value of 0 Combined total value = 1,724,912,250,000
Strike 2000 has a total call value of 1,919,102,250,000 versus a total put value of 0 Combined total value = 1,919,102,250,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1050.4 | 1100 |
| ABB | 5362.8 | 5300 |
| ABCAPITAL | 288.15 | 290 |
| ADANIENSOL | 937.4 | 860 |
| ADANIENT | 2629.5 | 2500 |
| ADANIGREEN | 1152.15 | 1000 |
| ADANIPORTS | 1444.2 | 1400 |
| ALKEM | 5495 | 5500 |
| AMBER | 8310.5 | 8000 |
| AMBUJACEM | 590.3 | 585 |
| ANGELONE | 2248 | 2300 |
| APLAPOLLO | 1679.3 | 1680 |
| APOLLOHOSP | 7739 | 7800 |
| ASHOKLEY | 139.42 | 135 |
| ASIANPAINT | 2482.7 | 2500 |
| ASTRAL | 1438.4 | 1440 |
| AUBANK | 706.05 | 710 |
| AUROPHARMA | 1117.4 | 1100 |
| AXISBANK | 1144.4 | 1100 |
| BAJAJ-AUTO | 9054.5 | 9100 |
| BAJAJFINSV | 2069.5 | 2040 |
| BAJFINANCE | 1006.5 | 980 |
| BANDHANBNK | 163.19 | 165 |
| BANKBARODA | 251.14 | 245 |
| BANKINDIA | 120.53 | 117.5 |
| BDL | 1627.7 | 1550 |
| BEL | 406.4 | 400 |
| BHARATFORG | 1256 | 1220 |
| BHARTIARTL | 1956.2 | 1920 |
| BHEL | 239.6 | 230 |
| BIOCON | 362.15 | 365 |
| BLUESTARCO | 1996.8 | 1920 |
| BOSCHLTD | 39570 | 40000 |
| BPCL | 325.4 | 325 |
| BRITANNIA | 6056.5 | 6100 |
| BSE | 2156.2 | 2200 |
| CAMS | 4014 | 4000 |
| CANBK | 118.87 | 115 |
| CDSL | 1558.5 | 1580 |
| CGPOWER | 770.2 | 760 |
| CHOLAFIN | 1630 | 1540 |
| CIPLA | 1542.2 | 1560 |
| COALINDIA | 394.7 | 390 |
| COFORGE | 1716.9 | 1740 |
| COLPAL | 2344.8 | 2360 |
| CONCOR | 550.15 | 560 |
| CROMPTON | 308.75 | 320 |
| CUMMINSIND | 3990.1 | 4000 |
| CYIENT | 1194.8 | 1240 |
| DABUR | 522.05 | 540 |
| DALBHARAT | 2378.5 | 2400 |
| DELHIVERY | 467.9 | 475 |
| DIVISLAB | 6092.5 | 6100 |
| DIXON | 18082 | 18000 |
| DLF | 773.75 | 780 |
| DMART | 4671.2 | 4700 |
| DRREDDY | 1301.4 | 1300 |
| EICHERMOT | 6946 | 6700 |
| ETERNAL | 341.85 | 330 |
| EXIDEIND | 403.85 | 415 |
| FEDERALBNK | 195 | 197.5 |
| FORTIS | 966.25 | 950 |
| GAIL | 180.95 | 180 |
| GLENMARK | 2017.8 | 2060 |
| GMRAIRPORT | 91.17 | 90 |
| GODREJCP | 1232.2 | 1240 |
| GODREJPROP | 2103.7 | 2050 |
| GRASIM | 2854.1 | 2820 |
| HAL | 4808.7 | 4800 |
| HAVELLS | 1581.3 | 1600 |
| HCLTECH | 1439.9 | 1480 |
| HDFCAMC | 5827.5 | 5800 |
| HDFCBANK | 964.2 | 970 |
| HDFCLIFE | 787.8 | 780 |
| HEROMOTOCO | 5429.5 | 5350 |
| HFCL | 74.85 | 75 |
| HINDALCO | 745.7 | 740 |
| HINDPETRO | 412.75 | 405 |
| HINDUNILVR | 2572.2 | 2600 |
| HINDZINC | 459.25 | 450 |
| HUDCO | 239.96 | 225 |
| ICICIBANK | 1401.5 | 1410 |
| ICICIGI | 1886.3 | 1880 |
| ICICIPRULI | 609.5 | 610 |
| IDEA | 8.39 | 8 |
| IDFCFIRSTB | 70.92 | 72 |
| IEX | 146.09 | 147.5 |
| IGL | 211.56 | 215 |
| IIFL | 450.1 | 450 |
| INDHOTEL | 769.4 | 780 |
| INDIANB | 704.55 | 690 |
| INDIGO | 5747.5 | 5700 |
| INDUSINDBK | 734.3 | 750 |
| INDUSTOWER | 356 | 350 |
| INFY | 1499.5 | 1500 |
| INOXWIND | 152.43 | 150 |
| IOC | 148.3 | 145 |
| IRCTC | 727.1 | 730 |
| IREDA | 159.06 | 150 |
| IRFC | 128.54 | 127.5 |
| ITC | 406.95 | 410 |
| JINDALSTEL | 1032.45 | 1030 |
| JIOFIN | 313.85 | 320 |
| JSWENERGY | 542.95 | 530 |
| JSWSTEEL | 1117 | 1100 |
| JUBLFOOD | 622.8 | 630 |
| KALYANKJIL | 505.25 | 520 |
| KAYNES | 7083.5 | 7000 |
| KEI | 4131.4 | 4150 |
| KFINTECH | 1093.9 | 1150 |
| KOTAKBANK | 2021.7 | 2000 |
| KPITTECH | 1262.4 | 1280 |
| LAURUSLABS | 903.8 | 910 |
| LICHSGFIN | 587.3 | 580 |
| LICI | 904.5 | 890 |
| LODHA | 1212.3 | 1200 |
| LT | 3644.5 | 3600 |
| LTF | 248.09 | 240 |
| LTIM | 5260 | 5300 |
| LUPIN | 2004.4 | 2020 |
| M&M | 3584.8 | 3550 |
| MANAPPURAM | 293.9 | 285 |
| MANKIND | 2594.9 | 2600 |
| MARICO | 716.85 | 720 |
| MARUTI | 15816 | 15200 |
| MAXHEALTH | 1171.6 | 1160 |
| MAZDOCK | 2976.4 | 2900 |
| MCX | 7989.5 | 7900 |
| MFSL | 1556.7 | 1560 |
| MOTHERSON | 109.95 | 105 |
| MPHASIS | 2852.4 | 3000 |
| MUTHOOTFIN | 3047.6 | 2950 |
| NATIONALUM | 210.94 | 210 |
| NAUKRI | 1417.7 | 1380 |
| NBCC | 114.95 | 107.5 |
| NCC | 213.93 | 215 |
| NESTLEIND | 1188.3 | 1190 |
| NHPC | 87.73 | 85 |
| NMDC | 76.86 | 75 |
| NTPC | 339.2 | 335 |
| NUVAMA | 6280.5 | 6400 |
| NYKAA | 242.4 | 240 |
| OBEROIRLTY | 1673.9 | 1660 |
| OFSS | 9056.5 | 9100 |
| OIL | 409.25 | 400 |
| ONGC | 237.47 | 235 |
| PAGEIND | 43405 | 44000 |
| PATANJALI | 597.4 | 600 |
| PAYTM | 1196.2 | 1200 |
| PERSISTENT | 5271 | 5400 |
| PETRONET | 275.9 | 285 |
| PFC | 408.85 | 410 |
| PGEL | 561 | 560 |
| PHOENIXLTD | 1638.3 | 1580 |
| PIDILITIND | 3038 | 3080 |
| PIIND | 3668.9 | 3750 |
| PNB | 113.04 | 111 |
| PNBHOUSING | 859.05 | 840 |
| POLICYBZR | 1796.6 | 1800 |
| POLYCAB | 7657 | 7400 |
| POWERGRID | 286.65 | 290 |
| PPLPHARMA | 202.71 | 205 |
| PRESTIGE | 1617.4 | 1600 |
| RBLBANK | 269.7 | 260 |
| RECLTD | 384 | 380 |
| RELIANCE | 1390.6 | 1400 |
| RVNL | 358.9 | 350 |
| SAIL | 135.49 | 132.5 |
| SBICARD | 869.05 | 870 |
| SBILIFE | 1857.7 | 1840 |
| SBIN | 855.25 | 840 |
| SHREECEM | 29705 | 29750 |
| SHRIRAMFIN | 627.85 | 620 |
| SIEMENS | 3243.5 | 3250 |
| SOLARINDS | 14464 | 14500 |
| SONACOMS | 420.6 | 440 |
| SRF | 2914 | 2950 |
| SUNPHARMA | 1644 | 1600 |
| SUPREMEIND | 4371.9 | 4500 |
| SUZLON | 59.93 | 59 |
| SYNGENE | 655.3 | 660 |
| TATACHEM | 973.95 | 990 |
| TATACONSUM | 1130.1 | 1110 |
| TATAELXSI | 5607 | 5700 |
| TATAMOTORS | 696.25 | 710 |
| TATAPOWER | 395.3 | 395 |
| TATASTEEL | 171.39 | 170 |
| TATATECH | 702.25 | 710 |
| TCS | 3073.8 | 3120 |
| TECHM | 1505.4 | 1520 |
| TIINDIA | 3350.1 | 3300 |
| TITAGARH | 933.9 | 920 |
| TITAN | 3457.5 | 3550 |
| TORNTPHARM | 3655.9 | 3600 |
| TORNTPOWER | 1268.6 | 1280 |
| TRENT | 5010.5 | 5200 |
| TVSMOTOR | 3525.6 | 3400 |
| ULTRACEMCO | 12650 | 12600 |
| UNIONBANK | 138.81 | 137.5 |
| UNITDSPR | 1339.9 | 1320 |
| UNOMINDA | 1312.7 | 1300 |
| UPL | 682.8 | 700 |
| VBL | 463.95 | 480 |
| VEDL | 458.45 | 450 |
| VOLTAS | 1376.2 | 1400 |
| WIPRO | 250.33 | 250 |
| YESBANK | 21.21 | 20 |
| ZYDUSLIFE | 1035.7 | 1030 |
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.
