BAJFINANCE
Bajaj Finance Limited
Max pain for BAJFINANCE
17 Aug 2025 12:57 AM IST
Max Pain for BAJFINANCE is 880
Strike 100 has a total call value of 0 versus a total put value of 86,120,250,000 Combined total value = 86,120,250,000
Strike 200 has a total call value of 52,500,000 versus a total put value of 74,660,250,000 Combined total value = 74,712,750,000
Strike 300 has a total call value of 105,000,000 versus a total put value of 63,200,250,000 Combined total value = 63,305,250,000
Strike 400 has a total call value of 157,500,000 versus a total put value of 51,740,250,000 Combined total value = 51,897,750,000
Strike 440 has a total call value of 178,500,000 versus a total put value of 47,156,250,000 Combined total value = 47,334,750,000
Strike 460 has a total call value of 189,000,000 versus a total put value of 44,864,250,000 Combined total value = 45,053,250,000
Strike 480 has a total call value of 199,500,000 versus a total put value of 42,572,250,000 Combined total value = 42,771,750,000
Strike 500 has a total call value of 210,000,000 versus a total put value of 40,280,250,000 Combined total value = 40,490,250,000
Strike 520 has a total call value of 220,500,000 versus a total put value of 37,988,250,000 Combined total value = 38,208,750,000
Strike 540 has a total call value of 231,000,000 versus a total put value of 35,696,250,000 Combined total value = 35,927,250,000
Strike 560 has a total call value of 241,500,000 versus a total put value of 33,404,250,000 Combined total value = 33,645,750,000
Strike 580 has a total call value of 252,000,000 versus a total put value of 31,112,250,000 Combined total value = 31,364,250,000
Strike 590 has a total call value of 257,250,000 versus a total put value of 29,966,250,000 Combined total value = 30,223,500,000
Strike 600 has a total call value of 262,500,000 versus a total put value of 28,820,250,000 Combined total value = 29,082,750,000
Strike 610 has a total call value of 267,750,000 versus a total put value of 27,674,250,000 Combined total value = 27,942,000,000
Strike 620 has a total call value of 273,000,000 versus a total put value of 26,528,250,000 Combined total value = 26,801,250,000
Strike 630 has a total call value of 278,250,000 versus a total put value of 25,382,250,000 Combined total value = 25,660,500,000
Strike 640 has a total call value of 283,500,000 versus a total put value of 24,236,250,000 Combined total value = 24,519,750,000
Strike 650 has a total call value of 288,750,000 versus a total put value of 23,090,250,000 Combined total value = 23,379,000,000
Strike 660 has a total call value of 294,000,000 versus a total put value of 21,944,250,000 Combined total value = 22,238,250,000
Strike 670 has a total call value of 299,250,000 versus a total put value of 20,798,250,000 Combined total value = 21,097,500,000
Strike 680 has a total call value of 304,500,000 versus a total put value of 19,652,250,000 Combined total value = 19,956,750,000
Strike 690 has a total call value of 309,750,000 versus a total put value of 18,506,250,000 Combined total value = 18,816,000,000
Strike 700 has a total call value of 315,000,000 versus a total put value of 17,360,250,000 Combined total value = 17,675,250,000
Strike 710 has a total call value of 320,250,000 versus a total put value of 16,214,250,000 Combined total value = 16,534,500,000
Strike 720 has a total call value of 325,500,000 versus a total put value of 15,068,250,000 Combined total value = 15,393,750,000
Strike 730 has a total call value of 330,750,000 versus a total put value of 13,922,250,000 Combined total value = 14,253,000,000
Strike 740 has a total call value of 336,000,000 versus a total put value of 12,776,250,000 Combined total value = 13,112,250,000
Strike 750 has a total call value of 341,250,000 versus a total put value of 11,644,500,000 Combined total value = 11,985,750,000
Strike 760 has a total call value of 346,500,000 versus a total put value of 10,512,750,000 Combined total value = 10,859,250,000
Strike 770 has a total call value of 351,750,000 versus a total put value of 9,381,000,000 Combined total value = 9,732,750,000
Strike 780 has a total call value of 357,000,000 versus a total put value of 8,249,250,000 Combined total value = 8,606,250,000
Strike 790 has a total call value of 362,250,000 versus a total put value of 7,117,500,000 Combined total value = 7,479,750,000
Strike 800 has a total call value of 367,500,000 versus a total put value of 6,036,750,000 Combined total value = 6,404,250,000
Strike 810 has a total call value of 433,500,000 versus a total put value of 5,255,250,000 Combined total value = 5,688,750,000
Strike 820 has a total call value of 499,500,000 versus a total put value of 4,473,750,000 Combined total value = 4,973,250,000
Strike 830 has a total call value of 565,500,000 versus a total put value of 3,714,000,000 Combined total value = 4,279,500,000
Strike 840 has a total call value of 633,750,000 versus a total put value of 3,135,750,000 Combined total value = 3,769,500,000
Strike 850 has a total call value of 714,000,000 versus a total put value of 2,589,000,000 Combined total value = 3,303,000,000
Strike 860 has a total call value of 822,750,000 versus a total put value of 2,295,000,000 Combined total value = 3,117,750,000
Strike 870 has a total call value of 1,024,500,000 versus a total put value of 2,016,000,000 Combined total value = 3,040,500,000
Strike 880 has a total call value of 1,260,000,000 versus a total put value of 1,747,500,000 Combined total value = 3,007,500,000
Strike 890 has a total call value of 1,545,000,000 versus a total put value of 1,497,000,000 Combined total value = 3,042,000,000
Strike 900 has a total call value of 1,830,000,000 versus a total put value of 1,246,500,000 Combined total value = 3,076,500,000
Strike 910 has a total call value of 2,487,000,000 versus a total put value of 1,119,750,000 Combined total value = 3,606,750,000
Strike 920 has a total call value of 3,145,500,000 versus a total put value of 993,000,000 Combined total value = 4,138,500,000
Strike 930 has a total call value of 3,908,250,000 versus a total put value of 866,250,000 Combined total value = 4,774,500,000
Strike 940 has a total call value of 4,671,000,000 versus a total put value of 742,500,000 Combined total value = 5,413,500,000
Strike 950 has a total call value of 5,446,500,000 versus a total put value of 618,750,000 Combined total value = 6,065,250,000
Strike 960 has a total call value of 6,384,750,000 versus a total put value of 495,000,000 Combined total value = 6,879,750,000
Strike 970 has a total call value of 7,334,250,000 versus a total put value of 371,250,000 Combined total value = 7,705,500,000
Strike 980 has a total call value of 8,283,750,000 versus a total put value of 247,500,000 Combined total value = 8,531,250,000
Strike 990 has a total call value of 9,233,250,000 versus a total put value of 123,750,000 Combined total value = 9,357,000,000
Strike 1000 has a total call value of 10,182,750,000 versus a total put value of 0 Combined total value = 10,182,750,000
Strike 1010 has a total call value of 11,670,000,000 versus a total put value of 0 Combined total value = 11,670,000,000
Strike 1020 has a total call value of 13,157,250,000 versus a total put value of 0 Combined total value = 13,157,250,000
Strike 1030 has a total call value of 14,644,500,000 versus a total put value of 0 Combined total value = 14,644,500,000
Strike 1040 has a total call value of 16,131,750,000 versus a total put value of 0 Combined total value = 16,131,750,000
Strike 1050 has a total call value of 17,619,000,000 versus a total put value of 0 Combined total value = 17,619,000,000
Strike 1060 has a total call value of 19,106,250,000 versus a total put value of 0 Combined total value = 19,106,250,000
Strike 1070 has a total call value of 20,593,500,000 versus a total put value of 0 Combined total value = 20,593,500,000
Strike 1080 has a total call value of 22,080,750,000 versus a total put value of 0 Combined total value = 22,080,750,000
Strike 1090 has a total call value of 23,568,000,000 versus a total put value of 0 Combined total value = 23,568,000,000
Strike 1100 has a total call value of 25,055,250,000 versus a total put value of 0 Combined total value = 25,055,250,000
Strike 1110 has a total call value of 26,542,500,000 versus a total put value of 0 Combined total value = 26,542,500,000
Strike 1120 has a total call value of 28,029,750,000 versus a total put value of 0 Combined total value = 28,029,750,000
Strike 1130 has a total call value of 29,517,000,000 versus a total put value of 0 Combined total value = 29,517,000,000
Strike 1140 has a total call value of 31,004,250,000 versus a total put value of 0 Combined total value = 31,004,250,000
Strike 1150 has a total call value of 32,491,500,000 versus a total put value of 0 Combined total value = 32,491,500,000
Strike 1160 has a total call value of 33,978,750,000 versus a total put value of 0 Combined total value = 33,978,750,000
Strike 1180 has a total call value of 36,953,250,000 versus a total put value of 0 Combined total value = 36,953,250,000
Strike 1200 has a total call value of 39,927,750,000 versus a total put value of 0 Combined total value = 39,927,750,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1087.4 | 940 |
| ABB | 5022 | 5100 |
| ABCAPITAL | 281 | 270 |
| ADANIENSOL | 788.65 | 800 |
| ADANIENT | 2272 | 2400 |
| ADANIGREEN | 931.25 | 900 |
| ADANIPORTS | 1315.4 | 1340 |
| ALKEM | 5422 | 5200 |
| AMBER | 7229 | 6400 |
| AMBUJACEM | 572.8 | 560 |
| ANGELONE | 2339.1 | 2600 |
| APLAPOLLO | 1628.9 | 1520 |
| APOLLOHOSP | 7793.5 | 7700 |
| ASHOKLEY | 131.37 | 120 |
| ASIANPAINT | 2481.4 | 2500 |
| ASTRAL | 1390.1 | 1300 |
| AUBANK | 745.25 | 780 |
| AUROPHARMA | 1045.6 | 1100 |
| AXISBANK | 1050.1 | 1080 |
| BAJAJ-AUTO | 8691.5 | 8300 |
| BAJAJFINSV | 1924.2 | 1900 |
| BAJFINANCE | 876.25 | 880 |
| BANDHANBNK | 165.86 | 165 |
| BANKBARODA | 235.14 | 245 |
| BANKINDIA | 112.38 | 115 |
| BDL | 1477.6 | 1600 |
| BEL | 365.85 | 390 |
| BHARATFORG | 1122.3 | 1200 |
| BHARTIARTL | 1904.7 | 1880 |
| BHEL | 211.5 | 225 |
| BIOCON | 358.3 | 360 |
| BLUESTARCO | 1865 | 1700 |
| BOSCHLTD | 39510 | 38000 |
| BPCL | 312.1 | 320 |
| BRITANNIA | 5765.5 | 5400 |
| BSE | 2215.6 | 2450 |
| CAMS | 3726.2 | 3800 |
| CANBK | 106.01 | 110 |
| CDSL | 1492.1 | 1600 |
| CGPOWER | 671.3 | 650 |
| CHOLAFIN | 1476.2 | 1500 |
| CIPLA | 1579.8 | 1540 |
| COALINDIA | 372.45 | 380 |
| COFORGE | 1739.3 | 1600 |
| COLPAL | 2284.1 | 2200 |
| CONCOR | 528.45 | 550 |
| CROMPTON | 324.95 | 320 |
| CUMMINSIND | 3836.5 | 3800 |
| CYIENT | 1202.6 | 1100 |
| DABUR | 522.4 | 500 |
| DALBHARAT | 2358.2 | 2600 |
| DELHIVERY | 478.5 | 460 |
| DIVISLAB | 6190.5 | 6400 |
| DIXON | 16668 | 16000 |
| DLF | 754.6 | 760 |
| DMART | 4716.4 | 4300 |
| DRREDDY | 1263.2 | 1200 |
| EICHERMOT | 6151 | 5700 |
| ETERNAL | 317.9 | 310 |
| EXIDEIND | 396.8 | 380 |
| FEDERALBNK | 192.46 | 200 |
| FORTIS | 916 | 900 |
| GAIL | 171.64 | 175 |
| GLENMARK | 1950.7 | 1760 |
| GMRAIRPORT | 88.7 | 90 |
| GODREJCP | 1258.6 | 1200 |
| GODREJPROP | 2007.1 | 2000 |
| GRASIM | 2796.2 | 2700 |
| HAL | 4383.6 | 4500 |
| HAVELLS | 1517.9 | 1500 |
| HCLTECH | 1492.8 | 1500 |
| HDFCAMC | 5759.5 | 5400 |
| HDFCBANK | 973.4 | 2000 |
| HDFCLIFE | 776.6 | 780 |
| HEROMOTOCO | 5073.4 | 4600 |
| HFCL | 71.82 | 70 |
| HINDALCO | 705.7 | 700 |
| HINDPETRO | 382.95 | 389.5 |
| HINDUNILVR | 2692.6 | 2500 |
| HINDZINC | 430.15 | 420 |
| HUDCO | 207.88 | 210 |
| ICICIBANK | 1416.6 | 1420 |
| ICICIGI | 1872.7 | 1880 |
| ICICIPRULI | 616.3 | 600 |
| IDEA | 6.71 | 7 |
| IDFCFIRSTB | 68.76 | 70 |
| IEX | 141.26 | 140 |
| IGL | 207.58 | 210 |
| IIFL | 450.35 | 400 |
| INDHOTEL | 769.05 | 760 |
| INDIANB | 655.9 | 600 |
| INDIGO | 6050 | 6000 |
| INDUSINDBK | 756.4 | 800 |
| INDUSTOWER | 342.55 | 340 |
| INFY | 1529.6 | 1460 |
| INOXWIND | 142.03 | 140 |
| IOC | 138.96 | 140 |
| IRCTC | 717.25 | 760 |
| IREDA | 144.17 | 150 |
| IRFC | 121.2 | 125 |
| ITC | 403.35 | 420 |
| JINDALSTEL | 977.15 | 1000 |
| JIOFIN | 315.75 | 320 |
| JSWENERGY | 513.1 | 500 |
| JSWSTEEL | 1047.1 | 1030 |
| JUBLFOOD | 640.8 | 630 |
| KALYANKJIL | 498.4 | 520 |
| KAYNES | 6197.5 | 6000 |
| KEI | 3874.8 | 3600 |
| KFINTECH | 1054.1 | 900 |
| KOTAKBANK | 1965.7 | 2000 |
| KPITTECH | 1200.1 | 1340 |
| LAURUSLABS | 868.65 | 850 |
| LICHSGFIN | 560.4 | 580 |
| LICI | 888.35 | 900 |
| LODHA | 1236.8 | 1400 |
| LT | 3541.3 | 3650 |
| LTF | 220 | 200 |
| LTIM | 5165.5 | 5400 |
| LUPIN | 1924.6 | 1900 |
| M&M | 3330.8 | 3300 |
| MANAPPURAM | 266.9 | 260 |
| MANKIND | 2502 | 2500 |
| MARICO | 717.75 | 700 |
| MARUTI | 14714 | 12800 |
| MAXHEALTH | 1183.4 | 1240 |
| MAZDOCK | 2687.8 | 2700 |
| MCX | 7692 | 8000 |
| MFSL | 1622.8 | 1560 |
| MOTHERSON | 92.96 | 95 |
| MPHASIS | 2873.2 | 2600 |
| MUTHOOTFIN | 2673.1 | 2500 |
| NATIONALUM | 186.02 | 190 |
| NAUKRI | 1395.7 | 1360 |
| NBCC | 100.89 | 110 |
| NCC | 211.98 | 220 |
| NESTLEIND | 1162.2 | 1100 |
| NHPC | 79.84 | 85 |
| NMDC | 69.88 | 70 |
| NTPC | 333.2 | 350 |
| NYKAA | 231.65 | 215 |
| OBEROIRLTY | 1638.2 | 1400 |
| OFSS | 8530.5 | 8500 |
| OIL | 398.9 | 400 |
| ONGC | 234.19 | 235 |
| PAGEIND | 45505 | 42000 |
| PATANJALI | 1799.3 | 1800 |
| PAYTM | 1253.1 | 1160 |
| PERSISTENT | 5376.5 | 5000 |
| PETRONET | 268.8 | 280 |
| PFC | 388.55 | 420 |
| PGEL | 557.25 | 600 |
| PHOENIXLTD | 1559.5 | 1400 |
| PIDILITIND | 3100.4 | 3100 |
| PIIND | 3787.2 | 3800 |
| PNB | 102.77 | 108 |
| PNBHOUSING | 782.9 | 1000 |
| POLICYBZR | 1835.1 | 1800 |
| POLYCAB | 7064 | 6800 |
| POWERGRID | 279.9 | 290 |
| PPLPHARMA | 189.36 | 190 |
| PRESTIGE | 1609 | 1620 |
| RBLBANK | 255.4 | 230 |
| RECLTD | 363.55 | 390 |
| RELIANCE | 1384.9 | 1400 |
| RVNL | 312.7 | 320 |
| SAIL | 119.94 | 125 |
| SBICARD | 815.7 | 900 |
| SBILIFE | 1816.6 | 1840 |
| SBIN | 807.85 | 820 |
| SHREECEM | 30110 | 30000 |
| SHRIRAMFIN | 594.7 | 600 |
| SIEMENS | 3048 | 3100 |
| SOLARINDS | 14233 | 15000 |
| SONACOMS | 453.7 | 440 |
| SRF | 2849.2 | 2800 |
| SUNPHARMA | 1600.3 | 1600 |
| SUPREMEIND | 4574.4 | 4200 |
| SYNGENE | 648.8 | 660 |
| TATACHEM | 935.3 | 960 |
| TATACONSUM | 1079.9 | 1100 |
| TATAELXSI | 5478.5 | 7000 |
| TATAMOTORS | 681.65 | 680 |
| TATAPOWER | 377.75 | 385 |
| TATASTEEL | 155.03 | 160 |
| TATATECH | 679.15 | 700 |
| TCS | 3157.2 | 3000 |
| TECHM | 1502.2 | 1500 |
| TIINDIA | 3028.4 | 3000 |
| TITAGARH | 869.3 | 780 |
| TITAN | 3594 | 3400 |
| TORNTPHARM | 3604.8 | 3700 |
| TORNTPOWER | 1270.2 | 1240 |
| TRENT | 5295 | 5400 |
| TVSMOTOR | 3272.3 | 3000 |
| ULTRACEMCO | 12610 | 11600 |
| UNIONBANK | 129.67 | 135 |
| UNITDSPR | 1302.8 | 1400 |
| UNOMINDA | 1276.8 | 1100 |
| UPL | 723.1 | 700 |
| VBL | 508.55 | 500 |
| VEDL | 428.2 | 440 |
| VOLTAS | 1347.3 | 1300 |
| WIPRO | 252.03 | 245 |
| YESBANK | 18.95 | 20 |
| ZYDUSLIFE | 987.85 | 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.
