ADANIENT
Adani Enterprises Limited
Max pain for ADANIENT
21 Nov 2024 02:42 PM IST
Max Pain for ADANIENT is 2600
Strike 1840 has a total call value of 0 versus a total put value of 743,298,600,000 Combined total value = 743,298,600,000
Strike 1880 has a total call value of 0 versus a total put value of 706,587,000,000 Combined total value = 706,587,000,000
Strike 1920 has a total call value of 0 versus a total put value of 670,047,000,000 Combined total value = 670,047,000,000
Strike 1960 has a total call value of 0 versus a total put value of 633,847,800,000 Combined total value = 633,847,800,000
Strike 1980 has a total call value of 0 versus a total put value of 615,907,200,000 Combined total value = 615,907,200,000
Strike 2000 has a total call value of 0 versus a total put value of 597,966,600,000 Combined total value = 597,966,600,000
Strike 2020 has a total call value of 31,200,000 versus a total put value of 581,278,800,000 Combined total value = 581,310,000,000
Strike 2040 has a total call value of 62,400,000 versus a total put value of 564,591,000,000 Combined total value = 564,653,400,000
Strike 2060 has a total call value of 93,600,000 versus a total put value of 547,903,200,000 Combined total value = 547,996,800,000
Strike 2080 has a total call value of 124,800,000 versus a total put value of 531,215,400,000 Combined total value = 531,340,200,000
Strike 2100 has a total call value of 156,000,000 versus a total put value of 514,527,600,000 Combined total value = 514,683,600,000
Strike 2120 has a total call value of 187,200,000 versus a total put value of 497,839,800,000 Combined total value = 498,027,000,000
Strike 2140 has a total call value of 218,400,000 versus a total put value of 481,152,000,000 Combined total value = 481,370,400,000
Strike 2160 has a total call value of 249,600,000 versus a total put value of 464,464,200,000 Combined total value = 464,713,800,000
Strike 2180 has a total call value of 288,000,000 versus a total put value of 447,824,400,000 Combined total value = 448,112,400,000
Strike 2200 has a total call value of 334,200,000 versus a total put value of 431,232,600,000 Combined total value = 431,566,800,000
Strike 2220 has a total call value of 884,400,000 versus a total put value of 415,607,400,000 Combined total value = 416,491,800,000
Strike 2240 has a total call value of 1,480,800,000 versus a total put value of 400,063,200,000 Combined total value = 401,544,000,000
Strike 2260 has a total call value of 2,160,000,000 versus a total put value of 385,339,800,000 Combined total value = 387,499,800,000
Strike 2280 has a total call value of 2,936,400,000 versus a total put value of 370,705,800,000 Combined total value = 373,642,200,000
Strike 2300 has a total call value of 3,810,600,000 versus a total put value of 356,210,400,000 Combined total value = 360,021,000,000
Strike 2320 has a total call value of 5,952,600,000 versus a total put value of 343,299,600,000 Combined total value = 349,252,200,000
Strike 2340 has a total call value of 8,193,000,000 versus a total put value of 330,498,000,000 Combined total value = 338,691,000,000
Strike 2360 has a total call value of 10,551,600,000 versus a total put value of 317,723,400,000 Combined total value = 328,275,000,000
Strike 2380 has a total call value of 13,749,600,000 versus a total put value of 305,123,400,000 Combined total value = 318,873,000,000
Strike 2400 has a total call value of 17,032,800,000 versus a total put value of 292,549,800,000 Combined total value = 309,582,600,000
Strike 2420 has a total call value of 22,443,000,000 versus a total put value of 280,673,400,000 Combined total value = 303,116,400,000
Strike 2440 has a total call value of 27,900,600,000 versus a total put value of 268,804,800,000 Combined total value = 296,705,400,000
Strike 2460 has a total call value of 33,582,600,000 versus a total put value of 256,971,000,000 Combined total value = 290,553,600,000
Strike 2480 has a total call value of 39,363,600,000 versus a total put value of 245,146,800,000 Combined total value = 284,510,400,000
Strike 2500 has a total call value of 45,372,600,000 versus a total put value of 233,342,400,000 Combined total value = 278,715,000,000
Strike 2520 has a total call value of 54,016,200,000 versus a total put value of 222,304,800,000 Combined total value = 276,321,000,000
Strike 2540 has a total call value of 62,839,200,000 versus a total put value of 211,305,600,000 Combined total value = 274,144,800,000
Strike 2560 has a total call value of 71,806,200,000 versus a total put value of 200,345,400,000 Combined total value = 272,151,600,000
Strike 2580 has a total call value of 81,103,800,000 versus a total put value of 189,498,600,000 Combined total value = 270,602,400,000
Strike 2600 has a total call value of 90,646,200,000 versus a total put value of 178,704,600,000 Combined total value = 269,350,800,000
Strike 2620 has a total call value of 101,859,600,000 versus a total put value of 168,316,800,000 Combined total value = 270,176,400,000
Strike 2640 has a total call value of 113,230,800,000 versus a total put value of 158,004,600,000 Combined total value = 271,235,400,000
Strike 2660 has a total call value of 124,737,600,000 versus a total put value of 147,864,600,000 Combined total value = 272,602,200,000
Strike 2680 has a total call value of 136,401,600,000 versus a total put value of 137,859,000,000 Combined total value = 274,260,600,000
Strike 2700 has a total call value of 148,267,800,000 versus a total put value of 127,939,200,000 Combined total value = 276,207,000,000
Strike 2720 has a total call value of 161,738,400,000 versus a total put value of 118,509,600,000 Combined total value = 280,248,000,000
Strike 2740 has a total call value of 175,327,200,000 versus a total put value of 109,293,600,000 Combined total value = 284,620,800,000
Strike 2760 has a total call value of 189,057,000,000 versus a total put value of 100,332,000,000 Combined total value = 289,389,000,000
Strike 2780 has a total call value of 202,942,200,000 versus a total put value of 91,496,400,000 Combined total value = 294,438,600,000
Strike 2800 has a total call value of 216,975,000,000 versus a total put value of 82,834,800,000 Combined total value = 299,809,800,000
Strike 2820 has a total call value of 233,631,600,000 versus a total put value of 75,193,800,000 Combined total value = 308,825,400,000
Strike 2840 has a total call value of 250,636,200,000 versus a total put value of 67,795,800,000 Combined total value = 318,432,000,000
Strike 2860 has a total call value of 267,948,600,000 versus a total put value of 60,675,000,000 Combined total value = 328,623,600,000
Strike 2880 has a total call value of 285,601,200,000 versus a total put value of 53,754,000,000 Combined total value = 339,355,200,000
Strike 2900 has a total call value of 303,531,000,000 versus a total put value of 46,996,200,000 Combined total value = 350,527,200,000
Strike 2920 has a total call value of 323,367,000,000 versus a total put value of 41,187,600,000 Combined total value = 364,554,600,000
Strike 2940 has a total call value of 343,470,600,000 versus a total put value of 35,532,600,000 Combined total value = 379,003,200,000
Strike 2960 has a total call value of 363,970,200,000 versus a total put value of 30,064,200,000 Combined total value = 394,034,400,000
Strike 2980 has a total call value of 384,934,800,000 versus a total put value of 24,934,200,000 Combined total value = 409,869,000,000
Strike 3000 has a total call value of 406,387,200,000 versus a total put value of 19,956,000,000 Combined total value = 426,343,200,000
Strike 3020 has a total call value of 431,313,000,000 versus a total put value of 16,309,800,000 Combined total value = 447,622,800,000
Strike 3040 has a total call value of 456,445,800,000 versus a total put value of 12,740,400,000 Combined total value = 469,186,200,000
Strike 3060 has a total call value of 481,708,200,000 versus a total put value of 9,260,400,000 Combined total value = 490,968,600,000
Strike 3080 has a total call value of 507,277,200,000 versus a total put value of 5,860,200,000 Combined total value = 513,137,400,000
Strike 3100 has a total call value of 532,927,200,000 versus a total put value of 2,460,000,000 Combined total value = 535,387,200,000
Strike 3120 has a total call value of 561,041,400,000 versus a total put value of 2,062,200,000 Combined total value = 563,103,600,000
Strike 3140 has a total call value of 589,234,800,000 versus a total put value of 1,752,600,000 Combined total value = 590,987,400,000
Strike 3160 has a total call value of 617,505,000,000 versus a total put value of 1,456,800,000 Combined total value = 618,961,800,000
Strike 3180 has a total call value of 645,885,600,000 versus a total put value of 1,161,000,000 Combined total value = 647,046,600,000
Strike 3200 has a total call value of 674,317,200,000 versus a total put value of 865,200,000 Combined total value = 675,182,400,000
Strike 3220 has a total call value of 703,848,600,000 versus a total put value of 694,200,000 Combined total value = 704,542,800,000
Strike 3240 has a total call value of 733,414,800,000 versus a total put value of 523,200,000 Combined total value = 733,938,000,000
Strike 3260 has a total call value of 763,133,400,000 versus a total put value of 352,200,000 Combined total value = 763,485,600,000
Strike 3280 has a total call value of 792,870,000,000 versus a total put value of 181,200,000 Combined total value = 793,051,200,000
Strike 3300 has a total call value of 822,628,800,000 versus a total put value of 10,200,000 Combined total value = 822,639,000,000
Strike 3320 has a total call value of 853,152,000,000 versus a total put value of 9,600,000 Combined total value = 853,161,600,000
Strike 3340 has a total call value of 883,698,600,000 versus a total put value of 9,000,000 Combined total value = 883,707,600,000
Strike 3360 has a total call value of 914,245,200,000 versus a total put value of 8,400,000 Combined total value = 914,253,600,000
Strike 3380 has a total call value of 944,814,600,000 versus a total put value of 7,800,000 Combined total value = 944,822,400,000
Strike 3400 has a total call value of 975,410,400,000 versus a total put value of 7,200,000 Combined total value = 975,417,600,000
Strike 3420 has a total call value of 1,006,293,000,000 versus a total put value of 6,600,000 Combined total value = 1,006,299,600,000
Strike 3440 has a total call value of 1,037,175,600,000 versus a total put value of 6,000,000 Combined total value = 1,037,181,600,000
Strike 3460 has a total call value of 1,068,058,200,000 versus a total put value of 5,400,000 Combined total value = 1,068,063,600,000
Strike 3480 has a total call value of 1,098,965,400,000 versus a total put value of 4,800,000 Combined total value = 1,098,970,200,000
Strike 3500 has a total call value of 1,129,872,600,000 versus a total put value of 4,200,000 Combined total value = 1,129,876,800,000
Strike 3520 has a total call value of 1,160,981,400,000 versus a total put value of 3,600,000 Combined total value = 1,160,985,000,000
Strike 3540 has a total call value of 1,192,090,200,000 versus a total put value of 3,000,000 Combined total value = 1,192,093,200,000
Strike 3560 has a total call value of 1,223,199,000,000 versus a total put value of 2,400,000 Combined total value = 1,223,201,400,000
Strike 3580 has a total call value of 1,254,307,800,000 versus a total put value of 1,800,000 Combined total value = 1,254,309,600,000
Strike 3600 has a total call value of 1,285,419,600,000 versus a total put value of 1,200,000 Combined total value = 1,285,420,800,000
Strike 3620 has a total call value of 1,316,569,800,000 versus a total put value of 600,000 Combined total value = 1,316,570,400,000
Strike 3640 has a total call value of 1,347,720,000,000 versus a total put value of 0 Combined total value = 1,347,720,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.2 | 470 |
| ABB | 6756.45 | 7000 |
| ABBOTINDIA | 27099.9 | 28000 |
| ABCAPITAL | 183.55 | 200 |
| ABFRL | 284.9 | 300 |
| ACC | 2032 | 2220 |
| ADANIENT | 2242.65 | 2600 |
| ADANIPORTS | 1127.65 | 1200 |
| ALKEM | 5594.85 | 5500 |
| AMBUJACEM | 491.75 | 540 |
| APOLLOHOSP | 6727.95 | 6900 |
| APOLLOTYRE | 481.65 | 480 |
| ASHOKLEY | 218.44 | 220 |
| ASIANPAINT | 2430.75 | 2540 |
| ASTRAL | 1715.45 | 1780 |
| ATUL | 7245.45 | 7500 |
| AUBANK | 593.85 | 590 |
| AUROPHARMA | 1220.95 | 1300 |
| AXISBANK | 1137.7 | 1150 |
| BAJAJ-AUTO | 9491 | 9700 |
| BAJAJFINSV | 1568.85 | 1620 |
| BAJFINANCE | 6479.05 | 6700 |
| BALKRISIND | 2738.55 | 2800 |
| BANDHANBNK | 166.35 | 180 |
| BANKBARODA | 229.25 | 240 |
| BATAINDIA | 1281.05 | 1310 |
| BEL | 274.5 | 285 |
| BERGEPAINT | 465.2 | 495 |
| BHARATFORG | 1296.45 | 1340 |
| BHARTIARTL | 1520.05 | 1540 |
| BHEL | 228.5 | 235 |
| BIOCON | 324.95 | 330 |
| BOSCHLTD | 34077.35 | 34000 |
| BPCL | 281.8 | 300 |
| BRITANNIA | 4788.9 | 5000 |
| BSOFT | 547.3 | 560 |
| CANBK | 94.75 | 100 |
| CANFINHOME | 823 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1205.2 | 1260 |
| CIPLA | 1463.7 | 1520 |
| COALINDIA | 405.65 | 425 |
| COFORGE | 8205.8 | 8000 |
| COLPAL | 2692.7 | 2850 |
| CONCOR | 768.85 | 810 |
| COROMANDEL | 1770.75 | 1720 |
| CROMPTON | 381.65 | 390 |
| CUB | 170.58 | 175 |
| CUMMINSIND | 3290 | 3400 |
| DABUR | 505.9 | 525 |
| DALBHARAT | 1777.15 | 1760 |
| DEEPAKNTR | 2613.05 | 2650 |
| DIVISLAB | 5958.2 | 5900 |
| DIXON | 14993.85 | 14750 |
| DLF | 776.9 | 780 |
| DRREDDY | 1193.5 | 1220 |
| EICHERMOT | 4873.55 | 4900 |
| ESCORTS | 3458.05 | 3600 |
| EXIDEIND | 415.65 | 440 |
| FEDERALBNK | 210.43 | 205 |
| GAIL | 187.85 | 195 |
| GLENMARK | 1467.5 | 1520 |
| GMRINFRA | 76.81 | 82 |
| GNFC | 556.65 | 570 |
| GODREJCP | 1181.05 | 1200 |
| GODREJPROP | 2704.1 | 2750 |
| GRANULES | 544.7 | 570 |
| GRASIM | 2544.2 | 2540 |
| GUJGASLTD | 453.05 | 470 |
| HAL | 3982.3 | 4200 |
| HAVELLS | 1632.1 | 1640 |
| HCLTECH | 1831.7 | 1820 |
| HDFCAMC | 4233.95 | 4300 |
| HDFCBANK | 1740.55 | 1740 |
| HDFCLIFE | 674.15 | 680 |
| HEROMOTOCO | 4759 | 4800 |
| HINDALCO | 646.9 | 650 |
| HINDCOPPER | 262.4 | 290 |
| HINDPETRO | 358.35 | 375 |
| HINDUNILVR | 2385 | 2480 |
| ICICIBANK | 1249.05 | 1260 |
| ICICIGI | 1815.6 | 1880 |
| ICICIPRULI | 678.1 | 690 |
| IDEA | 6.94 | 8 |
| IDFCFIRSTB | 63.03 | 66 |
| IEX | 161.45 | 170 |
| IGL | 311.85 | 330 |
| INDHOTEL | 785.4 | 760 |
| INDIAMART | 2251.25 | 2400 |
| INDIGO | 4060.7 | 4000 |
| INDUSINDBK | 975 | 1040 |
| INDUSTOWER | 329.65 | 340 |
| INFY | 1835.4 | 1800 |
| IOC | 130.75 | 140 |
| IPCALAB | 1572.65 | 1560 |
| IRCTC | 794.5 | 820 |
| ITC | 456.65 | 475 |
| JINDALSTEL | 870.85 | 900 |
| JKCEMENT | 4009.45 | 4000 |
| JSWSTEEL | 943.4 | 960 |
| JUBLFOOD | 611.4 | 620 |
| KOTAKBANK | 1734.9 | 1760 |
| LALPATHLAB | 3032.6 | 3100 |
| LAURUSLABS | 488.75 | 490 |
| LICHSGFIN | 611.35 | 630 |
| LT | 3484.5 | 3600 |
| LTF | 137.91 | 140 |
| LTIM | 5933.4 | 5900 |
| LTTS | 5179.15 | 5150 |
| LUPIN | 2042.85 | 2100 |
| M&M | 2939 | 2900 |
| M&MFIN | 257.4 | 265 |
| MANAPPURAM | 150.96 | 155 |
| MARICO | 590 | 600 |
| MARUTI | 10880.8 | 11000 |
| MCX | 6166.35 | 6200 |
| METROPOLIS | 2012.75 | 2060 |
| MFSL | 1174.9 | 1200 |
| MGL | 1120.05 | 1160 |
| MOTHERSON | 161.69 | 175 |
| MPHASIS | 2787.75 | 2850 |
| MRF | 123300 | 122500 |
| MUTHOOTFIN | 1902.75 | 1880 |
| NATIONALUM | 247.06 | 240 |
| NAUKRI | 7545.95 | 7700 |
| NAVINFLUOR | 3264.95 | 3400 |
| NESTLEIND | 2204.75 | 2280 |
| NMDC | 218.11 | 225 |
| NTPC | 355.7 | 370 |
| OBEROIRLTY | 1925.35 | 1960 |
| OFSS | 11142.4 | 11500 |
| ONGC | 241.5 | 250 |
| PAGEIND | 44458.65 | 45500 |
| PEL | 1056.1 | 1060 |
| PERSISTENT | 5731.2 | 5600 |
| PETRONET | 320.8 | 328 |
| PFC | 454.8 | 460 |
| PIDILITIND | 2934.35 | 3060 |
| PIIND | 4126.8 | 4200 |
| PNB | 96.71 | 102 |
| POLYCAB | 6421.25 | 6500 |
| POWERGRID | 324.8 | 320 |
| PVRINOX | 1448.2 | 1500 |
| RAMCOCEM | 914.85 | 900 |
| RBLBANK | 157.14 | 160 |
| RECLTD | 492.4 | 510 |
| RELIANCE | 1221.75 | 1290 |
| SAIL | 110.9 | 117.5 |
| SBICARD | 675.65 | 690 |
| SBILIFE | 1479.95 | 1520 |
| SBIN | 780.95 | 800 |
| SHREECEM | 24132 | 24500 |
| SHRIRAMFIN | 2810.6 | 2900 |
| SIEMENS | 6644.9 | 6800 |
| SRF | 2154.4 | 2260 |
| SUNPHARMA | 1778.4 | 1800 |
| SUNTV | 727.55 | 730 |
| SYNGENE | 845.65 | 870 |
| TATACHEM | 1051.75 | 1100 |
| TATACOMM | 1709.85 | 1780 |
| TATACONSUM | 912.05 | 950 |
| TATAMOTORS | 774.75 | 800 |
| TATAPOWER | 409.9 | 420 |
| TATASTEEL | 140.24 | 145 |
| TCS | 4074.55 | 4100 |
| TECHM | 1698.8 | 1680 |
| TITAN | 3182.7 | 3200 |
| TORNTPHARM | 3103.8 | 3150 |
| TRENT | 6427.1 | 6600 |
| TVSMOTOR | 2398.1 | 2450 |
| UBL | 1816.55 | 1880 |
| ULTRACEMCO | 10941.85 | 11000 |
| UNITDSPR | 1490.2 | 1480 |
| UPL | 557.55 | 540 |
| VEDL | 441.8 | 460 |
| VOLTAS | 1668.9 | 1700 |
| WIPRO | 557.35 | 560 |
| ZYDUSLIFE | 945.15 | 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.
