BAJFINANCE
Bajaj Finance Limited
Max pain for BAJFINANCE
28 Sep 2025 10:08 PM IST
Max Pain for BAJFINANCE is 1000
Strike 800 has a total call value of 0 versus a total put value of 91,260,000,000 Combined total value = 91,260,000,000
Strike 810 has a total call value of 35,250,000 versus a total put value of 86,136,000,000 Combined total value = 86,171,250,000
Strike 820 has a total call value of 70,500,000 versus a total put value of 81,012,000,000 Combined total value = 81,082,500,000
Strike 830 has a total call value of 111,750,000 versus a total put value of 75,951,750,000 Combined total value = 76,063,500,000
Strike 840 has a total call value of 153,000,000 versus a total put value of 70,891,500,000 Combined total value = 71,044,500,000
Strike 850 has a total call value of 207,000,000 versus a total put value of 65,853,000,000 Combined total value = 66,060,000,000
Strike 860 has a total call value of 261,000,000 versus a total put value of 60,816,000,000 Combined total value = 61,077,000,000
Strike 870 has a total call value of 349,500,000 versus a total put value of 55,852,500,000 Combined total value = 56,202,000,000
Strike 880 has a total call value of 449,250,000 versus a total put value of 50,894,250,000 Combined total value = 51,343,500,000
Strike 890 has a total call value of 581,250,000 versus a total put value of 45,972,750,000 Combined total value = 46,554,000,000
Strike 900 has a total call value of 723,000,000 versus a total put value of 41,063,250,000 Combined total value = 41,786,250,000
Strike 910 has a total call value of 1,038,000,000 versus a total put value of 36,576,000,000 Combined total value = 37,614,000,000
Strike 920 has a total call value of 1,383,000,000 versus a total put value of 32,178,000,000 Combined total value = 33,561,000,000
Strike 930 has a total call value of 1,832,250,000 versus a total put value of 28,082,250,000 Combined total value = 29,914,500,000
Strike 940 has a total call value of 2,315,250,000 versus a total put value of 24,136,500,000 Combined total value = 26,451,750,000
Strike 950 has a total call value of 3,232,500,000 versus a total put value of 20,468,250,000 Combined total value = 23,700,750,000
Strike 960 has a total call value of 4,416,750,000 versus a total put value of 17,259,750,000 Combined total value = 21,676,500,000
Strike 970 has a total call value of 5,712,750,000 versus a total put value of 14,281,500,000 Combined total value = 19,994,250,000
Strike 980 has a total call value of 7,380,000,000 versus a total put value of 11,587,500,000 Combined total value = 18,967,500,000
Strike 990 has a total call value of 9,165,750,000 versus a total put value of 9,185,250,000 Combined total value = 18,351,000,000
Strike 1000 has a total call value of 11,076,000,000 versus a total put value of 6,984,750,000 Combined total value = 18,060,750,000
Strike 1010 has a total call value of 13,815,750,000 versus a total put value of 5,450,250,000 Combined total value = 19,266,000,000
Strike 1020 has a total call value of 16,757,250,000 versus a total put value of 4,030,500,000 Combined total value = 20,787,750,000
Strike 1030 has a total call value of 20,151,750,000 versus a total put value of 2,895,000,000 Combined total value = 23,046,750,000
Strike 1040 has a total call value of 24,091,500,000 versus a total put value of 2,212,500,000 Combined total value = 26,304,000,000
Strike 1050 has a total call value of 28,431,750,000 versus a total put value of 1,764,750,000 Combined total value = 30,196,500,000
Strike 1060 has a total call value of 33,292,500,000 versus a total put value of 1,434,750,000 Combined total value = 34,727,250,000
Strike 1070 has a total call value of 38,523,750,000 versus a total put value of 1,158,000,000 Combined total value = 39,681,750,000
Strike 1080 has a total call value of 43,884,750,000 versus a total put value of 904,500,000 Combined total value = 44,789,250,000
Strike 1090 has a total call value of 49,524,000,000 versus a total put value of 675,000,000 Combined total value = 50,199,000,000
Strike 1100 has a total call value of 55,311,000,000 versus a total put value of 445,500,000 Combined total value = 55,756,500,000
Strike 1110 has a total call value of 62,235,000,000 versus a total put value of 369,750,000 Combined total value = 62,604,750,000
Strike 1120 has a total call value of 69,223,500,000 versus a total put value of 294,000,000 Combined total value = 69,517,500,000
Strike 1130 has a total call value of 76,398,000,000 versus a total put value of 220,500,000 Combined total value = 76,618,500,000
Strike 1140 has a total call value of 83,572,500,000 versus a total put value of 147,000,000 Combined total value = 83,719,500,000
Strike 1150 has a total call value of 91,065,750,000 versus a total put value of 73,500,000 Combined total value = 91,139,250,000
Strike 1160 has a total call value of 98,559,000,000 versus a total put value of 0 Combined total value = 98,559,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1001.8 | 1100 |
| ABB | 5173.4 | 5400 |
| ABCAPITAL | 278.9 | 285 |
| ADANIENSOL | 879.2 | 900 |
| ADANIENT | 2543.7 | 2600 |
| ADANIGREEN | 1047.4 | 1100 |
| ADANIPORTS | 1392 | 1440 |
| ALKEM | 5433 | 5500 |
| AMBER | 8162.5 | 8400 |
| AMBUJACEM | 565.2 | 600 |
| ANGELONE | 2136.4 | 2200 |
| APLAPOLLO | 1660.1 | 1700 |
| APOLLOHOSP | 7510 | 7650 |
| ASHOKLEY | 141.93 | 140 |
| ASIANPAINT | 2342.8 | 2420 |
| ASTRAL | 1373.8 | 1460 |
| AUBANK | 743.2 | 740 |
| AUROPHARMA | 1090 | 1100 |
| AXISBANK | 1154 | 1140 |
| BAJAJ-AUTO | 8702 | 9000 |
| BAJAJFINSV | 2003.2 | 2020 |
| BAJFINANCE | 985.1 | 1000 |
| BANDHANBNK | 155.02 | 162.5 |
| BANKBARODA | 248.45 | 250 |
| BANKINDIA | 116.33 | 120 |
| BDL | 1497.8 | 1600 |
| BEL | 395.9 | 400 |
| BHARATFORG | 1181.1 | 1220 |
| BHARTIARTL | 1916.6 | 1920 |
| BHEL | 231.01 | 240 |
| BIOCON | 338.9 | 360 |
| BLUESTARCO | 1890.1 | 1940 |
| BOSCHLTD | 38150 | 39000 |
| BPCL | 324.35 | 330 |
| BRITANNIA | 5920.5 | 6000 |
| BSE | 2043.2 | 2150 |
| CAMS | 3800 | 4000 |
| CANBK | 118.08 | 120 |
| CDSL | 1467.7 | 1540 |
| CGPOWER | 739.4 | 760 |
| CHOLAFIN | 1569.9 | 1580 |
| CIPLA | 1499.4 | 1520 |
| COALINDIA | 389.15 | 400 |
| COFORGE | 1538.5 | 1640 |
| COLPAL | 2224.3 | 2340 |
| CONCOR | 524.8 | 550 |
| CROMPTON | 292.6 | 305 |
| CUMMINSIND | 3947.6 | 4000 |
| CYIENT | 1134.1 | 1200 |
| DABUR | 499.75 | 510 |
| DALBHARAT | 2215.4 | 2320 |
| DELHIVERY | 445.7 | 460 |
| DIVISLAB | 5689.5 | 6000 |
| DIXON | 17511 | 18000 |
| DLF | 716.05 | 740 |
| DMART | 4517.8 | 4600 |
| DRREDDY | 1253.1 | 1300 |
| EICHERMOT | 7047 | 7000 |
| ETERNAL | 321 | 320 |
| EXIDEIND | 388.8 | 400 |
| FEDERALBNK | 191.82 | 200 |
| FORTIS | 932.75 | 930 |
| GAIL | 172.02 | 180 |
| GLENMARK | 1971.7 | 2000 |
| GMRAIRPORT | 87.28 | 90 |
| GODREJCP | 1163.9 | 1200 |
| GODREJPROP | 1957.6 | 2000 |
| GRASIM | 2746.8 | 2800 |
| HAL | 4736.1 | 4800 |
| HAVELLS | 1507.4 | 1560 |
| HCLTECH | 1395.3 | 1440 |
| HDFCAMC | 5621 | 5800 |
| HDFCBANK | 945.05 | 960 |
| HDFCLIFE | 764.4 | 770 |
| HEROMOTOCO | 5328 | 5350 |
| HFCL | 72.1 | 75 |
| HINDALCO | 743.85 | 750 |
| HINDPETRO | 422.25 | 420 |
| HINDUNILVR | 2511.8 | 2600 |
| HINDZINC | 449.1 | 460 |
| HUDCO | 220.05 | 230 |
| ICICIBANK | 1359.6 | 1400 |
| ICICIGI | 1894 | 1900 |
| ICICIPRULI | 585.5 | 600 |
| IDEA | 8.02 | 8 |
| IDFCFIRSTB | 68.59 | 71 |
| IEX | 137.76 | 145 |
| IGL | 202.26 | 210 |
| IIFL | 419.35 | 450 |
| INDHOTEL | 709.8 | 750 |
| INDIANB | 706.35 | 710 |
| INDIGO | 5561 | 5800 |
| INDUSINDBK | 712.75 | 750 |
| INDUSTOWER | 346.3 | 360 |
| INFY | 1448.9 | 1500 |
| INOXWIND | 137.46 | 145 |
| IOC | 145.04 | 147.5 |
| IRCTC | 703.1 | 730 |
| IREDA | 146.28 | 155 |
| IRFC | 121.91 | 130 |
| ITC | 405.1 | 410 |
| JINDALSTEL | 1029.5 | 1050 |
| JIOFIN | 295.85 | 315 |
| JSWENERGY | 520.1 | 530 |
| JSWSTEEL | 1130.8 | 1120 |
| JUBLFOOD | 606.9 | 630 |
| KALYANKJIL | 455.8 | 480 |
| KAYNES | 7341 | 7000 |
| KEI | 4049.3 | 4150 |
| KFINTECH | 1070.8 | 1100 |
| KOTAKBANK | 1994.8 | 2040 |
| KPITTECH | 1212.8 | 1260 |
| LAURUSLABS | 832.3 | 880 |
| LICHSGFIN | 564.95 | 590 |
| LICI | 872.45 | 900 |
| LODHA | 1141.1 | 1200 |
| LT | 3729.5 | 3700 |
| LTF | 236.29 | 240 |
| LTIM | 5075 | 5200 |
| LUPIN | 1919.8 | 2000 |
| M&M | 3396.5 | 3500 |
| MANAPPURAM | 276.9 | 280 |
| MANKIND | 2482.9 | 2600 |
| MARICO | 698.35 | 710 |
| MARUTI | 16286 | 16000 |
| MAXHEALTH | 1123.4 | 1160 |
| MAZDOCK | 2827.6 | 3000 |
| MCX | 7920.5 | 8000 |
| MFSL | 1545.6 | 1600 |
| MOTHERSON | 105.66 | 107.5 |
| MPHASIS | 2642.4 | 2800 |
| MUTHOOTFIN | 3020.3 | 3000 |
| NATIONALUM | 200.58 | 210 |
| NAUKRI | 1316.2 | 1400 |
| NBCC | 105.18 | 110 |
| NCC | 202.51 | 210 |
| NESTLEIND | 1162.6 | 1190 |
| NHPC | 83.64 | 85 |
| NMDC | 74.99 | 78 |
| NTPC | 337.9 | 345 |
| NUVAMA | 6115 | 6200 |
| NYKAA | 230.62 | 240 |
| OBEROIRLTY | 1577.7 | 1640 |
| OFSS | 8515 | 9000 |
| OIL | 410.25 | 420 |
| ONGC | 238.02 | 240 |
| PAGEIND | 41240 | 43000 |
| PATANJALI | 589 | 600 |
| PAYTM | 1125.2 | 1180 |
| PERSISTENT | 4951 | 5200 |
| PETRONET | 266.9 | 280 |
| PFC | 397.3 | 410 |
| PGEL | 514.65 | 540 |
| PHOENIXLTD | 1540.4 | 1600 |
| PIDILITIND | 1474.8 | 1500 |
| PIIND | 3487.6 | 3600 |
| PNB | 107.79 | 110 |
| PNBHOUSING | 864.1 | 860 |
| POLICYBZR | 1677.1 | 1700 |
| POLYCAB | 7322.5 | 7400 |
| POWERGRID | 282.25 | 290 |
| PPLPHARMA | 187.73 | 200 |
| PRESTIGE | 1507.4 | 1560 |
| RBLBANK | 272.35 | 270 |
| RECLTD | 367.4 | 380 |
| RELIANCE | 1377.6 | 1400 |
| RVNL | 337.8 | 350 |
| SAIL | 131.02 | 135 |
| SAMMAANCAP | 137.82 | 140 |
| SBICARD | 873.85 | 880 |
| SBILIFE | 1798.8 | 1800 |
| SBIN | 856.95 | 860 |
| SHREECEM | 28910 | 30000 |
| SHRIRAMFIN | 606.05 | 630 |
| SIEMENS | 3096.3 | 3200 |
| SILVER | 0 | 135000 |
| SILVERM | 142014 | 137000 |
| SOLARINDS | 13766 | 14250 |
| SONACOMS | 407.1 | 420 |
| SRF | 2806.9 | 2900 |
| SUNPHARMA | 1586.7 | 1600 |
| SUPREMEIND | 4234.2 | 4400 |
| SUZLON | 55.28 | 57 |
| SYNGENE | 609.45 | 640 |
| TATACONSUM | 1119 | 1120 |
| TATAELXSI | 5303 | 5500 |
| TATAMOTORS | 672.9 | 700 |
| TATAPOWER | 383.8 | 400 |
| TATASTEEL | 167.4 | 170 |
| TATATECH | 667.3 | 700 |
| TCS | 2899.1 | 3000 |
| TECHM | 1407.7 | 1500 |
| TIINDIA | 3129.1 | 3200 |
| TITAGARH | 879.25 | 900 |
| TITAN | 3327.3 | 3400 |
| TORNTPHARM | 3561 | 3550 |
| TORNTPOWER | 1233.3 | 1300 |
| TRENT | 4679 | 4900 |
| TVSMOTOR | 3414.4 | 3400 |
| ULTRACEMCO | 12070 | 12400 |
| UNIONBANK | 134.08 | 140 |
| UNITDSPR | 1297.4 | 1360 |
| UNOMINDA | 1268.9 | 1300 |
| UPL | 648 | 680 |
| VBL | 444.75 | 460 |
| VEDL | 447.95 | 460 |
| VOLTAS | 1340.2 | 1380 |
| WIPRO | 235.75 | 247.5 |
| YESBANK | 20.97 | 21 |
| ZYDUSLIFE | 975 | 1020 |
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.
