ADANIENT
Adani Enterprises Limited
Max pain for ADANIENT
20 Dec 2024 04:11 PM IST
Max Pain for ADANIENT is 2500
Strike 1720 has a total call value of 0 versus a total put value of 590,278,200,000 Combined total value = 590,278,200,000
Strike 1740 has a total call value of 0 versus a total put value of 574,311,600,000 Combined total value = 574,311,600,000
Strike 1760 has a total call value of 0 versus a total put value of 558,503,400,000 Combined total value = 558,503,400,000
Strike 1780 has a total call value of 0 versus a total put value of 542,733,000,000 Combined total value = 542,733,000,000
Strike 1800 has a total call value of 0 versus a total put value of 526,962,600,000 Combined total value = 526,962,600,000
Strike 1820 has a total call value of 0 versus a total put value of 511,478,400,000 Combined total value = 511,478,400,000
Strike 1840 has a total call value of 0 versus a total put value of 495,994,200,000 Combined total value = 495,994,200,000
Strike 1860 has a total call value of 0 versus a total put value of 480,556,200,000 Combined total value = 480,556,200,000
Strike 1880 has a total call value of 0 versus a total put value of 465,118,200,000 Combined total value = 465,118,200,000
Strike 1900 has a total call value of 0 versus a total put value of 449,680,200,000 Combined total value = 449,680,200,000
Strike 1920 has a total call value of 3,600,000 versus a total put value of 434,446,800,000 Combined total value = 434,450,400,000
Strike 1940 has a total call value of 7,200,000 versus a total put value of 419,213,400,000 Combined total value = 419,220,600,000
Strike 1960 has a total call value of 10,800,000 versus a total put value of 404,109,600,000 Combined total value = 404,120,400,000
Strike 1980 has a total call value of 14,400,000 versus a total put value of 389,052,600,000 Combined total value = 389,067,000,000
Strike 2000 has a total call value of 18,000,000 versus a total put value of 373,995,600,000 Combined total value = 374,013,600,000
Strike 2020 has a total call value of 76,800,000 versus a total put value of 359,599,200,000 Combined total value = 359,676,000,000
Strike 2040 has a total call value of 135,600,000 versus a total put value of 345,301,800,000 Combined total value = 345,437,400,000
Strike 2060 has a total call value of 194,400,000 versus a total put value of 331,051,800,000 Combined total value = 331,246,200,000
Strike 2080 has a total call value of 253,200,000 versus a total put value of 316,827,000,000 Combined total value = 317,080,200,000
Strike 2100 has a total call value of 312,000,000 versus a total put value of 302,655,000,000 Combined total value = 302,967,000,000
Strike 2120 has a total call value of 429,000,000 versus a total put value of 289,119,000,000 Combined total value = 289,548,000,000
Strike 2140 has a total call value of 546,000,000 versus a total put value of 275,628,000,000 Combined total value = 276,174,000,000
Strike 2160 has a total call value of 663,000,000 versus a total put value of 262,207,200,000 Combined total value = 262,870,200,000
Strike 2180 has a total call value of 817,800,000 versus a total put value of 248,878,800,000 Combined total value = 249,696,600,000
Strike 2200 has a total call value of 1,001,400,000 versus a total put value of 235,626,000,000 Combined total value = 236,627,400,000
Strike 2220 has a total call value of 1,428,000,000 versus a total put value of 223,096,800,000 Combined total value = 224,524,800,000
Strike 2240 has a total call value of 1,883,400,000 versus a total put value of 210,688,800,000 Combined total value = 212,572,200,000
Strike 2260 has a total call value of 2,364,600,000 versus a total put value of 198,478,200,000 Combined total value = 200,842,800,000
Strike 2280 has a total call value of 2,872,800,000 versus a total put value of 186,384,000,000 Combined total value = 189,256,800,000
Strike 2300 has a total call value of 3,544,200,000 versus a total put value of 174,495,000,000 Combined total value = 178,039,200,000
Strike 2320 has a total call value of 4,572,000,000 versus a total put value of 163,890,600,000 Combined total value = 168,462,600,000
Strike 2340 has a total call value of 5,719,800,000 versus a total put value of 153,492,600,000 Combined total value = 159,212,400,000
Strike 2360 has a total call value of 6,949,800,000 versus a total put value of 143,293,200,000 Combined total value = 150,243,000,000
Strike 2380 has a total call value of 8,373,600,000 versus a total put value of 133,398,000,000 Combined total value = 141,771,600,000
Strike 2400 has a total call value of 9,972,600,000 versus a total put value of 123,756,600,000 Combined total value = 133,729,200,000
Strike 2420 has a total call value of 12,382,200,000 versus a total put value of 115,226,400,000 Combined total value = 127,608,600,000
Strike 2440 has a total call value of 15,105,000,000 versus a total put value of 106,848,000,000 Combined total value = 121,953,000,000
Strike 2460 has a total call value of 18,338,400,000 versus a total put value of 98,713,200,000 Combined total value = 117,051,600,000
Strike 2480 has a total call value of 22,254,000,000 versus a total put value of 90,967,200,000 Combined total value = 113,221,200,000
Strike 2500 has a total call value of 26,621,400,000 versus a total put value of 83,737,200,000 Combined total value = 110,358,600,000
Strike 2520 has a total call value of 34,016,400,000 versus a total put value of 78,303,000,000 Combined total value = 112,319,400,000
Strike 2540 has a total call value of 42,196,800,000 versus a total put value of 73,369,800,000 Combined total value = 115,566,600,000
Strike 2560 has a total call value of 51,012,600,000 versus a total put value of 68,704,200,000 Combined total value = 119,716,800,000
Strike 2580 has a total call value of 60,221,400,000 versus a total put value of 64,345,200,000 Combined total value = 124,566,600,000
Strike 2600 has a total call value of 69,714,600,000 versus a total put value of 60,177,600,000 Combined total value = 129,892,200,000
Strike 2620 has a total call value of 81,627,000,000 versus a total put value of 56,542,800,000 Combined total value = 138,169,800,000
Strike 2640 has a total call value of 93,805,200,000 versus a total put value of 52,908,000,000 Combined total value = 146,713,200,000
Strike 2660 has a total call value of 106,168,800,000 versus a total put value of 49,273,200,000 Combined total value = 155,442,000,000
Strike 2680 has a total call value of 118,791,000,000 versus a total put value of 45,691,800,000 Combined total value = 164,482,800,000
Strike 2700 has a total call value of 131,530,200,000 versus a total put value of 42,163,200,000 Combined total value = 173,693,400,000
Strike 2720 has a total call value of 145,893,000,000 versus a total put value of 38,877,600,000 Combined total value = 184,770,600,000
Strike 2740 has a total call value of 160,528,800,000 versus a total put value of 35,592,000,000 Combined total value = 196,120,800,000
Strike 2760 has a total call value of 175,296,600,000 versus a total put value of 32,306,400,000 Combined total value = 207,603,000,000
Strike 2780 has a total call value of 190,382,400,000 versus a total put value of 29,020,800,000 Combined total value = 219,403,200,000
Strike 2800 has a total call value of 205,697,400,000 versus a total put value of 25,735,200,000 Combined total value = 231,432,600,000
Strike 2820 has a total call value of 222,613,200,000 versus a total put value of 22,757,400,000 Combined total value = 245,370,600,000
Strike 2840 has a total call value of 239,635,200,000 versus a total put value of 19,987,800,000 Combined total value = 259,623,000,000
Strike 2860 has a total call value of 256,777,800,000 versus a total put value of 17,218,200,000 Combined total value = 273,996,000,000
Strike 2880 has a total call value of 274,101,000,000 versus a total put value of 14,448,600,000 Combined total value = 288,549,600,000
Strike 2900 has a total call value of 291,676,200,000 versus a total put value of 11,679,000,000 Combined total value = 303,355,200,000
Strike 2920 has a total call value of 310,390,800,000 versus a total put value of 9,343,200,000 Combined total value = 319,734,000,000
Strike 2940 has a total call value of 329,168,400,000 versus a total put value of 7,007,400,000 Combined total value = 336,175,800,000
Strike 2960 has a total call value of 348,036,600,000 versus a total put value of 4,671,600,000 Combined total value = 352,708,200,000
Strike 2980 has a total call value of 366,938,400,000 versus a total put value of 2,335,800,000 Combined total value = 369,274,200,000
Strike 3000 has a total call value of 385,840,200,000 versus a total put value of 0 Combined total value = 385,840,200,000
Strike 3020 has a total call value of 407,268,600,000 versus a total put value of 0 Combined total value = 407,268,600,000
Strike 3040 has a total call value of 428,739,600,000 versus a total put value of 0 Combined total value = 428,739,600,000
Strike 3060 has a total call value of 450,242,400,000 versus a total put value of 0 Combined total value = 450,242,400,000
Strike 3080 has a total call value of 471,745,200,000 versus a total put value of 0 Combined total value = 471,745,200,000
Strike 3100 has a total call value of 493,263,000,000 versus a total put value of 0 Combined total value = 493,263,000,000
Strike 3120 has a total call value of 515,287,800,000 versus a total put value of 0 Combined total value = 515,287,800,000
Strike 3140 has a total call value of 537,312,600,000 versus a total put value of 0 Combined total value = 537,312,600,000
Strike 3160 has a total call value of 559,337,400,000 versus a total put value of 0 Combined total value = 559,337,400,000
Strike 3180 has a total call value of 581,362,200,000 versus a total put value of 0 Combined total value = 581,362,200,000
Strike 3200 has a total call value of 603,387,000,000 versus a total put value of 0 Combined total value = 603,387,000,000
Strike 3220 has a total call value of 625,832,400,000 versus a total put value of 0 Combined total value = 625,832,400,000
Strike 3240 has a total call value of 648,277,800,000 versus a total put value of 0 Combined total value = 648,277,800,000
Strike 3260 has a total call value of 670,723,200,000 versus a total put value of 0 Combined total value = 670,723,200,000
Strike 3280 has a total call value of 693,168,600,000 versus a total put value of 0 Combined total value = 693,168,600,000
Strike 3300 has a total call value of 715,614,000,000 versus a total put value of 0 Combined total value = 715,614,000,000
Strike 3320 has a total call value of 738,261,000,000 versus a total put value of 0 Combined total value = 738,261,000,000
Strike 3340 has a total call value of 760,908,000,000 versus a total put value of 0 Combined total value = 760,908,000,000
Strike 3360 has a total call value of 783,555,000,000 versus a total put value of 0 Combined total value = 783,555,000,000
Strike 3380 has a total call value of 806,202,000,000 versus a total put value of 0 Combined total value = 806,202,000,000
Strike 3400 has a total call value of 828,849,000,000 versus a total put value of 0 Combined total value = 828,849,000,000
Strike 3420 has a total call value of 851,540,400,000 versus a total put value of 0 Combined total value = 851,540,400,000
Strike 3440 has a total call value of 874,231,800,000 versus a total put value of 0 Combined total value = 874,231,800,000
Strike 3460 has a total call value of 896,923,200,000 versus a total put value of 0 Combined total value = 896,923,200,000
Strike 3480 has a total call value of 919,614,600,000 versus a total put value of 0 Combined total value = 919,614,600,000
Strike 3500 has a total call value of 942,319,800,000 versus a total put value of 0 Combined total value = 942,319,800,000
Strike 3520 has a total call value of 965,025,000,000 versus a total put value of 0 Combined total value = 965,025,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 403.85 | 450 |
| ABB | 6921.25 | 7300 |
| ABBOTINDIA | 28655.35 | 28000 |
| ABCAPITAL | 186.21 | 200 |
| ABFRL | 282.2 | 300 |
| ACC | 2063.65 | 2260 |
| ADANIENSOL | 767.55 | 800 |
| ADANIENT | 2344.95 | 2500 |
| ADANIGREEN | 1034.35 | 1120 |
| ADANIPORTS | 1182.45 | 1240 |
| ALKEM | 5427.5 | 5500 |
| AMBUJACEM | 548.8 | 560 |
| ANGELONE | 2881.7 | 3100 |
| APLAPOLLO | 1559 | 1600 |
| APOLLOHOSP | 7251.7 | 7200 |
| APOLLOTYRE | 531.95 | 530 |
| ASHOKLEY | 217.28 | 225 |
| ASIANPAINT | 2282.35 | 2400 |
| ASTRAL | 1734.6 | 1820 |
| ATGL | 674.35 | 720 |
| ATUL | 7023.15 | 7300 |
| AUBANK | 537.6 | 570 |
| AUROPHARMA | 1241.7 | 1240 |
| AXISBANK | 1071.85 | 1120 |
| BAJAJ-AUTO | 8787.25 | 9000 |
| BAJAJFINSV | 1569.65 | 1640 |
| BAJFINANCE | 6848.25 | 7000 |
| BALKRISIND | 2790.05 | 2800 |
| BANDHANBNK | 159.05 | 170 |
| BANKBARODA | 240.59 | 250 |
| BANKINDIA | 103.03 | 110 |
| BATAINDIA | 1342.25 | 1400 |
| BEL | 290.85 | 310 |
| BERGEPAINT | 444.8 | 465 |
| BHARATFORG | 1278.9 | 1340 |
| BHARTIARTL | 1578.1 | 1600 |
| BHEL | 235.3 | 250 |
| BIOCON | 335.95 | 355 |
| BOSCHLTD | 34576.95 | 35000 |
| BPCL | 289.05 | 295 |
| BRITANNIA | 4698.1 | 4800 |
| BSE | 5542.85 | 5300 |
| BSOFT | 577 | 600 |
| CAMS | 4951 | 5100 |
| CANBK | 99.61 | 104 |
| CANFINHOME | 747.7 | 790 |
| CDSL | 1860.75 | 1860 |
| CESC | 182.74 | 190 |
| CGPOWER | 730.05 | 760 |
| CHAMBLFERT | 509.15 | 520 |
| CHOLAFIN | 1189.55 | 1260 |
| CIPLA | 1472.05 | 1480 |
| COALINDIA | 382 | 414.25 |
| COFORGE | 9370.45 | 9200 |
| COLPAL | 2750.85 | 2850 |
| CONCOR | 767.95 | 830 |
| COROMANDEL | 1839.3 | 1800 |
| CROMPTON | 388.25 | 405 |
| CUB | 175.42 | 180 |
| CUMMINSIND | 3312.9 | 3450 |
| CYIENT | 1924.4 | 2000 |
| DABUR | 502.55 | 510 |
| DALBHARAT | 1801.9 | 1880 |
| DEEPAKNTR | 2596.85 | 2700 |
| DELHIVERY | 349.6 | 365 |
| DIVISLAB | 5846.75 | 6000 |
| DIXON | 17944.9 | 18000 |
| DLF | 830.7 | 850 |
| DMART | 3408.3 | 3600 |
| DRREDDY | 1343.65 | 1300 |
| EICHERMOT | 4734.5 | 4800 |
| ESCORTS | 3162.05 | 3350 |
| EXIDEIND | 426.3 | 450 |
| FEDERALBNK | 194.46 | 205 |
| GAIL | 192.42 | 200 |
| GLENMARK | 1541.65 | 1520 |
| GMRAIRPORT | 78.82 | 85 |
| GMRINFRA | 0 | 36 |
| GNFC | 583.8 | 610 |
| GODREJCP | 1069.6 | 1120 |
| GODREJPROP | 2855.95 | 2900 |
| GRANULES | 592.4 | 580 |
| GRASIM | 2488.7 | 2620 |
| GUJGASLTD | 499.8 | 500 |
| HAL | 4190.2 | 4500 |
| HAVELLS | 1657.4 | 1720 |
| HCLTECH | 1911.35 | 1900 |
| HDFCAMC | 4262.8 | 4400 |
| HDFCBANK | 1771.5 | 1800 |
| HDFCLIFE | 623.8 | 640 |
| HEROMOTOCO | 4339.95 | 4600 |
| HFCL | 113.35 | 120 |
| HINDALCO | 622.65 | 650 |
| HINDCOPPER | 271.5 | 290 |
| HINDPETRO | 399.5 | 400 |
| HINDUNILVR | 2333.9 | 2400 |
| HUDCO | 242.11 | 245 |
| ICICIBANK | 1288.4 | 1300 |
| ICICIGI | 1902.15 | 1920 |
| ICICIPRULI | 653.9 | 670 |
| IDEA | 7.4 | 8 |
| IDFCFIRSTB | 61.68 | 65 |
| IEX | 177.45 | 182.5 |
| IGL | 388.3 | 370 |
| INDHOTEL | 854.1 | 850 |
| INDIAMART | 2249.95 | 2350 |
| INDIANB | 537.15 | 580 |
| INDIGO | 4395.6 | 4400 |
| INDUSINDBK | 929.45 | 980 |
| INDUSTOWER | 337.1 | 350 |
| INFY | 1922.15 | 1920 |
| IOC | 137.08 | 142.5 |
| IPCALAB | 1582.5 | 1560 |
| IRB | 55.09 | 57 |
| IRCTC | 784.25 | 830 |
| IRFC | 148.41 | 155 |
| ITC | 464.65 | 470 |
| JINDALSTEL | 908.05 | 940 |
| JIOFIN | 304.3 | 325 |
| JKCEMENT | 4517.8 | 4600 |
| JSL | 719.8 | 730 |
| JSWENERGY | 669.8 | 660 |
| JSWSTEEL | 917.35 | 950 |
| JUBLFOOD | 672.7 | 670 |
| KALYANKJIL | 719.2 | 740 |
| KEI | 4166.25 | 4400 |
| KOTAKBANK | 1743.55 | 1780 |
| KPITTECH | 1451.25 | 1500 |
| LALPATHLAB | 2946.25 | 3050 |
| LAURUSLABS | 559.2 | 570 |
| LICHSGFIN | 582.25 | 620 |
| LICI | 901.7 | 940 |
| LODHA | 1400.7 | 1440 |
| LT | 3629.85 | 3750 |
| LTF | 136.48 | 145 |
| LTIM | 5824.3 | 6150 |
| LTTS | 4828.5 | 5200 |
| LUPIN | 2150.7 | 2100 |
| M&M | 2906.35 | 3000 |
| M&MFIN | 266.05 | 275 |
| MANAPPURAM | 181.03 | 180 |
| MARICO | 627.95 | 630 |
| MARUTI | 10901.05 | 11100 |
| MAXHEALTH | 1165.2 | 1140 |
| MCX | 6397.4 | 6500 |
| METROPOLIS | 2058.05 | 2120 |
| MFSL | 1109.2 | 1140 |
| MGL | 1215.3 | 1260 |
| MOTHERSON | 156.06 | 165 |
| MPHASIS | 2950.6 | 3100 |
| MRF | 128057.9 | 130000 |
| MUTHOOTFIN | 2075.65 | 2060 |
| NATIONALUM | 215.36 | 232.5 |
| NAUKRI | 8494.95 | 8600 |
| NAVINFLUOR | 3305.85 | 3500 |
| NCC | 287.55 | 300 |
| NESTLEIND | 2163.5 | 2220 |
| NHPC | 81.47 | 85 |
| NMDC | 213.15 | 230 |
| NTPC | 333.25 | 350 |
| NYKAA | 167.33 | 170 |
| OBEROIRLTY | 2247.8 | 2200 |
| OFSS | 12247.55 | 12500 |
| OIL | 421.8 | 450 |
| ONGC | 237.1 | 250 |
| PAGEIND | 48856.35 | 48500 |
| PAYTM | 945.25 | 980 |
| PEL | 1093.7 | 1160 |
| PERSISTENT | 6368.7 | 6400 |
| PETRONET | 336.45 | 340 |
| PFC | 453.3 | 480 |
| PIDILITIND | 2976.8 | 3080 |
| PIIND | 3813.75 | 4000 |
| PNB | 100.77 | 105 |
| POLICYBZR | 2092.15 | 2000 |
| POLYCAB | 7178.25 | 7300 |
| POONAWALLA | 318.85 | 340 |
| POWERGRID | 315.8 | 325 |
| PRESTIGE | 1794.5 | 1800 |
| PVRINOX | 1382.1 | 1520 |
| RAMCOCEM | 986.1 | 1010 |
| RBLBANK | 152.79 | 160 |
| RECLTD | 513.25 | 530 |
| RELIANCE | 1205.3 | 1280 |
| SAIL | 116.1 | 125 |
| SBICARD | 687 | 710 |
| SBILIFE | 1400.6 | 1420 |
| SBIN | 812 | 840 |
| SHREECEM | 27063.5 | 27000 |
| SHRIRAMFIN | 2877.25 | 3000 |
| SIEMENS | 6868.9 | 7300 |
| SJVN | 111.54 | 117.5 |
| SONACOMS | 588.45 | 620 |
| SRF | 2277.6 | 2300 |
| SUNPHARMA | 1808.85 | 1800 |
| SUNTV | 696.85 | 730 |
| SUPREMEIND | 4839.8 | 4900 |
| SYNGENE | 844 | 860 |
| TATACHEM | 1028.85 | 1080 |
| TATACOMM | 1710.45 | 1800 |
| TATACONSUM | 889.45 | 930 |
| TATAELXSI | 6921.6 | 7200 |
| TATAMOTORS | 724.05 | 770 |
| TATAPOWER | 401.1 | 420 |
| TATASTEEL | 140.68 | 147.5 |
| TCS | 4170.3 | 4300 |
| TECHM | 1686.05 | 1740 |
| TIINDIA | 3619.1 | 3700 |
| TITAN | 3356.25 | 3400 |
| TORNTPHARM | 3437 | 3400 |
| TRENT | 6831.55 | 6900 |
| TVSMOTOR | 2391.65 | 2500 |
| UBL | 2025.35 | 2000 |
| ULTRACEMCO | 11422.8 | 11500 |
| UNIONBANK | 116.78 | 125 |
| UNITDSPR | 1544.8 | 1540 |
| UPL | 504.5 | 537.2 |
| VBL | 612.55 | 630 |
| VEDL | 477.25 | 490 |
| VOLTAS | 1686.5 | 1740 |
| WIPRO | 305.2 | 302.5 |
| YESBANK | 19.83 | 21 |
| ZOMATO | 282.1 | 285 |
| ZYDUSLIFE | 973.5 | 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.
