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ADANIENT
ADANI ENTERPRISES LIMITED

3073.95 -37.80 (-1.21%)


Strike  2350  has a total call value of 0  versus a total put value of  402,115,500,000 Combined total value = 402,115,500,000

Strike  2400  has a total call value of 0  versus a total put value of  370,123,500,000 Combined total value = 370,123,500,000

Strike  2450  has a total call value of 79,500,000  versus a total put value of  338,986,500,000 Combined total value = 339,066,000,000

Strike  2500  has a total call value of 159,000,000  versus a total put value of  307,849,500,000 Combined total value = 308,008,500,000

Strike  2550  has a total call value of 253,500,000  versus a total put value of  277,746,000,000 Combined total value = 277,999,500,000

Strike  2600  has a total call value of 348,000,000  versus a total put value of  247,785,000,000 Combined total value = 248,133,000,000

Strike  2650  has a total call value of 442,500,000  versus a total put value of  218,716,500,000 Combined total value = 219,159,000,000

Strike  2700  has a total call value of 537,000,000  versus a total put value of  189,928,500,000 Combined total value = 190,465,500,000

Strike  2750  has a total call value of 960,000,000  versus a total put value of  162,684,000,000 Combined total value = 163,644,000,000

Strike  2800  has a total call value of 1,389,000,000  versus a total put value of  135,750,000,000 Combined total value = 137,139,000,000

Strike  2850  has a total call value of 2,443,500,000  versus a total put value of  112,731,000,000 Combined total value = 115,174,500,000

Strike  2900  has a total call value of 3,546,000,000  versus a total put value of  90,106,500,000 Combined total value = 93,652,500,000

Strike  2950  has a total call value of 5,232,000,000  versus a total put value of  70,767,000,000 Combined total value = 75,999,000,000

Strike  3000  has a total call value of 7,170,000,000  versus a total put value of  52,081,500,000 Combined total value = 59,251,500,000

Strike  3050  has a total call value of 10,980,000,000  versus a total put value of  39,657,000,000 Combined total value = 50,637,000,000

Strike  3100  has a total call value of 15,246,000,000  versus a total put value of  28,440,000,000 Combined total value = 43,686,000,000

Strike  3150  has a total call value of 23,376,000,000  versus a total put value of  20,418,000,000 Combined total value = 43,794,000,000

Strike  3200  has a total call value of 34,003,500,000  versus a total put value of  13,071,000,000 Combined total value = 47,074,500,000

Strike  3250  has a total call value of 49,405,500,000  versus a total put value of  8,763,000,000 Combined total value = 58,168,500,000

Strike  3300  has a total call value of 66,907,500,000  versus a total put value of  5,328,000,000 Combined total value = 72,235,500,000

Strike  3350  has a total call value of 91,750,500,000  versus a total put value of  3,465,000,000 Combined total value = 95,215,500,000

Strike  3400  has a total call value of 119,073,000,000  versus a total put value of  2,061,000,000 Combined total value = 121,134,000,000

Strike  3450  has a total call value of 150,931,500,000  versus a total put value of  1,363,500,000 Combined total value = 152,295,000,000

Strike  3500  has a total call value of 183,361,500,000  versus a total put value of  666,000,000 Combined total value = 184,027,500,000

Strike  3550  has a total call value of 220,194,000,000  versus a total put value of  333,000,000 Combined total value = 220,527,000,000

Strike  3600  has a total call value of 257,514,000,000  versus a total put value of  0 Combined total value = 257,514,000,000

Strike  3650  has a total call value of 297,135,000,000  versus a total put value of  0 Combined total value = 297,135,000,000

Strike  3700  has a total call value of 337,002,000,000  versus a total put value of  0 Combined total value = 337,002,000,000

Strike  3750  has a total call value of 379,207,500,000  versus a total put value of  0 Combined total value = 379,207,500,000

Strike  3800  has a total call value of 421,413,000,000  versus a total put value of  0 Combined total value = 421,413,000,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.