ADANIENT
Adani Enterprises Limited
Max pain for ADANIENT
23 Jan 2025 04:11 PM IST
Max Pain for ADANIENT is 2400
Strike 1800 has a total call value of 0 versus a total put value of 389,223,000,000 Combined total value = 389,223,000,000
Strike 1820 has a total call value of 0 versus a total put value of 375,967,200,000 Combined total value = 375,967,200,000
Strike 1840 has a total call value of 0 versus a total put value of 362,711,400,000 Combined total value = 362,711,400,000
Strike 1860 has a total call value of 0 versus a total put value of 349,455,600,000 Combined total value = 349,455,600,000
Strike 1880 has a total call value of 0 versus a total put value of 336,199,800,000 Combined total value = 336,199,800,000
Strike 1900 has a total call value of 0 versus a total put value of 322,944,000,000 Combined total value = 322,944,000,000
Strike 1920 has a total call value of 0 versus a total put value of 309,712,800,000 Combined total value = 309,712,800,000
Strike 1940 has a total call value of 0 versus a total put value of 296,566,800,000 Combined total value = 296,566,800,000
Strike 1960 has a total call value of 0 versus a total put value of 283,427,400,000 Combined total value = 283,427,400,000
Strike 1980 has a total call value of 0 versus a total put value of 270,403,800,000 Combined total value = 270,403,800,000
Strike 2000 has a total call value of 0 versus a total put value of 257,380,200,000 Combined total value = 257,380,200,000
Strike 2020 has a total call value of 0 versus a total put value of 245,594,400,000 Combined total value = 245,594,400,000
Strike 2040 has a total call value of 0 versus a total put value of 233,849,400,000 Combined total value = 233,849,400,000
Strike 2060 has a total call value of 0 versus a total put value of 222,244,800,000 Combined total value = 222,244,800,000
Strike 2080 has a total call value of 0 versus a total put value of 210,642,000,000 Combined total value = 210,642,000,000
Strike 2100 has a total call value of 0 versus a total put value of 199,179,000,000 Combined total value = 199,179,000,000
Strike 2120 has a total call value of 0 versus a total put value of 188,062,800,000 Combined total value = 188,062,800,000
Strike 2140 has a total call value of 0 versus a total put value of 177,112,200,000 Combined total value = 177,112,200,000
Strike 2160 has a total call value of 0 versus a total put value of 166,203,000,000 Combined total value = 166,203,000,000
Strike 2180 has a total call value of 0 versus a total put value of 155,402,400,000 Combined total value = 155,402,400,000
Strike 2200 has a total call value of 7,800,000 versus a total put value of 144,771,600,000 Combined total value = 144,779,400,000
Strike 2220 has a total call value of 1,639,800,000 versus a total put value of 134,940,600,000 Combined total value = 136,580,400,000
Strike 2240 has a total call value of 3,298,800,000 versus a total put value of 125,382,000,000 Combined total value = 128,680,800,000
Strike 2260 has a total call value of 5,007,600,000 versus a total put value of 115,971,000,000 Combined total value = 120,978,600,000
Strike 2280 has a total call value of 6,760,800,000 versus a total put value of 106,674,000,000 Combined total value = 113,434,800,000
Strike 2300 has a total call value of 8,594,400,000 versus a total put value of 97,533,000,000 Combined total value = 106,127,400,000
Strike 2320 has a total call value of 12,199,800,000 versus a total put value of 89,508,600,000 Combined total value = 101,708,400,000
Strike 2340 has a total call value of 16,099,200,000 versus a total put value of 81,739,800,000 Combined total value = 97,839,000,000
Strike 2360 has a total call value of 20,193,600,000 versus a total put value of 74,197,200,000 Combined total value = 94,390,800,000
Strike 2380 has a total call value of 24,530,400,000 versus a total put value of 66,882,000,000 Combined total value = 91,412,400,000
Strike 2400 has a total call value of 29,173,200,000 versus a total put value of 59,950,800,000 Combined total value = 89,124,000,000
Strike 2420 has a total call value of 35,240,400,000 versus a total put value of 54,090,000,000 Combined total value = 89,330,400,000
Strike 2440 has a total call value of 41,695,800,000 versus a total put value of 48,393,000,000 Combined total value = 90,088,800,000
Strike 2460 has a total call value of 48,786,600,000 versus a total put value of 43,051,800,000 Combined total value = 91,838,400,000
Strike 2480 has a total call value of 56,299,200,000 versus a total put value of 37,972,200,000 Combined total value = 94,271,400,000
Strike 2500 has a total call value of 64,252,200,000 versus a total put value of 33,171,000,000 Combined total value = 97,423,200,000
Strike 2520 has a total call value of 74,408,400,000 versus a total put value of 29,490,000,000 Combined total value = 103,898,400,000
Strike 2540 has a total call value of 85,080,600,000 versus a total put value of 26,007,000,000 Combined total value = 111,087,600,000
Strike 2560 has a total call value of 96,202,800,000 versus a total put value of 22,732,200,000 Combined total value = 118,935,000,000
Strike 2580 has a total call value of 107,785,800,000 versus a total put value of 19,680,000,000 Combined total value = 127,465,800,000
Strike 2600 has a total call value of 119,736,000,000 versus a total put value of 16,928,400,000 Combined total value = 136,664,400,000
Strike 2620 has a total call value of 133,567,200,000 versus a total put value of 14,866,200,000 Combined total value = 148,433,400,000
Strike 2640 has a total call value of 147,690,000,000 versus a total put value of 12,911,400,000 Combined total value = 160,601,400,000
Strike 2660 has a total call value of 162,084,000,000 versus a total put value of 11,037,000,000 Combined total value = 173,121,000,000
Strike 2680 has a total call value of 176,618,400,000 versus a total put value of 9,162,600,000 Combined total value = 185,781,000,000
Strike 2700 has a total call value of 191,284,800,000 versus a total put value of 7,288,200,000 Combined total value = 198,573,000,000
Strike 2720 has a total call value of 207,318,000,000 versus a total put value of 5,835,600,000 Combined total value = 213,153,600,000
Strike 2740 has a total call value of 223,533,600,000 versus a total put value of 4,383,000,000 Combined total value = 227,916,600,000
Strike 2760 has a total call value of 239,749,200,000 versus a total put value of 2,930,400,000 Combined total value = 242,679,600,000
Strike 2780 has a total call value of 256,111,200,000 versus a total put value of 1,477,800,000 Combined total value = 257,589,000,000
Strike 2800 has a total call value of 272,514,000,000 versus a total put value of 25,200,000 Combined total value = 272,539,200,000
Strike 2820 has a total call value of 291,224,400,000 versus a total put value of 21,000,000 Combined total value = 291,245,400,000
Strike 2840 has a total call value of 309,981,600,000 versus a total put value of 16,800,000 Combined total value = 309,998,400,000
Strike 2860 has a total call value of 329,032,200,000 versus a total put value of 12,600,000 Combined total value = 329,044,800,000
Strike 2880 has a total call value of 348,082,800,000 versus a total put value of 8,400,000 Combined total value = 348,091,200,000
Strike 2900 has a total call value of 367,133,400,000 versus a total put value of 4,200,000 Combined total value = 367,137,600,000
Strike 2920 has a total call value of 386,184,000,000 versus a total put value of 0 Combined total value = 386,184,000,000
Strike 2940 has a total call value of 405,415,200,000 versus a total put value of 0 Combined total value = 405,415,200,000
Strike 2960 has a total call value of 424,646,400,000 versus a total put value of 0 Combined total value = 424,646,400,000
Strike 2980 has a total call value of 444,187,800,000 versus a total put value of 0 Combined total value = 444,187,800,000
Strike 3000 has a total call value of 463,729,200,000 versus a total put value of 0 Combined total value = 463,729,200,000
Strike 3020 has a total call value of 484,758,600,000 versus a total put value of 0 Combined total value = 484,758,600,000
Strike 3040 has a total call value of 505,788,000,000 versus a total put value of 0 Combined total value = 505,788,000,000
Strike 3060 has a total call value of 526,817,400,000 versus a total put value of 0 Combined total value = 526,817,400,000
Strike 3080 has a total call value of 547,846,800,000 versus a total put value of 0 Combined total value = 547,846,800,000
Strike 3100 has a total call value of 568,876,200,000 versus a total put value of 0 Combined total value = 568,876,200,000
Strike 3120 has a total call value of 589,905,600,000 versus a total put value of 0 Combined total value = 589,905,600,000
Strike 3140 has a total call value of 610,935,000,000 versus a total put value of 0 Combined total value = 610,935,000,000
Strike 3160 has a total call value of 631,964,400,000 versus a total put value of 0 Combined total value = 631,964,400,000
Strike 3180 has a total call value of 652,993,800,000 versus a total put value of 0 Combined total value = 652,993,800,000
Strike 3200 has a total call value of 674,023,200,000 versus a total put value of 0 Combined total value = 674,023,200,000
Strike 3220 has a total call value of 695,052,600,000 versus a total put value of 0 Combined total value = 695,052,600,000
Strike 3240 has a total call value of 716,082,000,000 versus a total put value of 0 Combined total value = 716,082,000,000
Strike 3260 has a total call value of 737,111,400,000 versus a total put value of 0 Combined total value = 737,111,400,000
Strike 3280 has a total call value of 758,140,800,000 versus a total put value of 0 Combined total value = 758,140,800,000
Strike 3300 has a total call value of 779,170,200,000 versus a total put value of 0 Combined total value = 779,170,200,000
Strike 3320 has a total call value of 800,199,600,000 versus a total put value of 0 Combined total value = 800,199,600,000
Strike 3360 has a total call value of 842,258,400,000 versus a total put value of 0 Combined total value = 842,258,400,000
Strike 3400 has a total call value of 884,317,200,000 versus a total put value of 0 Combined total value = 884,317,200,000
Strike 3440 has a total call value of 926,376,000,000 versus a total put value of 0 Combined total value = 926,376,000,000
Strike 3480 has a total call value of 968,434,800,000 versus a total put value of 0 Combined total value = 968,434,800,000
Strike 3520 has a total call value of 1,010,493,600,000 versus a total put value of 0 Combined total value = 1,010,493,600,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 448.45 | 435 |
| ABB | 6330.25 | 6400 |
| ABBOTINDIA | 27849.8 | 28000 |
| ABCAPITAL | 174.27 | 180 |
| ABFRL | 282.7 | 280 |
| ACC | 2045.2 | 2080 |
| ADANIENSOL | 808.8 | 800 |
| ADANIENT | 2385 | 2400 |
| ADANIGREEN | 1030.25 | 1020 |
| ADANIPORTS | 1104 | 1160 |
| ALKEM | 5183.5 | 5300 |
| AMBUJACEM | 548.8 | 550 |
| ANGELONE | 2431.45 | 2500 |
| APLAPOLLO | 1582.85 | 1560 |
| APOLLOHOSP | 6920.85 | 6900 |
| APOLLOTYRE | 438.9 | 460 |
| ASHOKLEY | 207.74 | 210 |
| ASIANPAINT | 2276.35 | 2300 |
| ASTRAL | 1495.5 | 1560 |
| ATGL | 658.25 | 670 |
| ATUL | 6748.8 | 6900 |
| AUBANK | 582.4 | 580 |
| AUROPHARMA | 1244.8 | 1240 |
| AXISBANK | 951.05 | 990 |
| BAJAJ-AUTO | 8399.95 | 8700 |
| BAJAJFINSV | 1746.15 | 1700 |
| BAJFINANCE | 7443.25 | 7300 |
| BALKRISIND | 2728.9 | 2780 |
| BANDHANBNK | 151.14 | 160 |
| BANKBARODA | 229.16 | 235 |
| BANKINDIA | 99.71 | 100 |
| BATAINDIA | 1300.9 | 1340 |
| BEL | 273.95 | 280 |
| BERGEPAINT | 480.35 | 465 |
| BHARATFORG | 1227.75 | 1240 |
| BHARTIARTL | 1636 | 1620 |
| BHEL | 206.49 | 215 |
| BIOCON | 397.3 | 385 |
| BOSCHLTD | 30990.5 | 33000 |
| BPCL | 271.25 | 275 |
| BRITANNIA | 5012.6 | 4850 |
| BSE | 5909.7 | 5600 |
| BSOFT | 554.9 | 550 |
| CAMS | 4159.25 | 4300 |
| CANBK | 98.15 | 100 |
| CANFINHOME | 690.95 | 700 |
| CDSL | 1516.15 | 1600 |
| CESC | 145.12 | 150 |
| CGPOWER | 627.9 | 650 |
| CHAMBLFERT | 509.3 | 500 |
| CHOLAFIN | 1246.05 | 1260 |
| CIPLA | 1451.15 | 1480 |
| COALINDIA | 385.8 | 385 |
| COFORGE | 9196.45 | 9000 |
| COLPAL | 2738.95 | 2750 |
| CONCOR | 772.25 | 780 |
| COROMANDEL | 1848.7 | 1860 |
| CROMPTON | 351.15 | 365 |
| CUB | 170.25 | 170 |
| CUMMINSIND | 2889.05 | 3000 |
| CYIENT | 1755.25 | 1760 |
| DABUR | 524.6 | 520 |
| DALBHARAT | 1828.35 | 1780 |
| DEEPAKNTR | 2369.3 | 2400 |
| DELHIVERY | 326.95 | 330 |
| DIVISLAB | 5850.95 | 5900 |
| DIXON | 15463.6 | 16000 |
| DLF | 715.05 | 750 |
| DMART | 3598.35 | 3700 |
| DRREDDY | 1289.4 | 1300 |
| EICHERMOT | 5116.2 | 5000 |
| ESCORTS | 3588.4 | 3450 |
| EXIDEIND | 383.5 | 400 |
| FEDERALBNK | 190.75 | 195 |
| GAIL | 179.66 | 185 |
| GLENMARK | 1510.95 | 1520 |
| GMRAIRPORT | 73.5 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 560.9 | 560 |
| GODREJCP | 1145.2 | 1140 |
| GODREJPROP | 2225.65 | 2400 |
| GRANULES | 599.6 | 590 |
| GRASIM | 2461.15 | 2460 |
| GUJGASLTD | 503.25 | 500 |
| HAL | 3922.55 | 4100 |
| HAVELLS | 1595.3 | 1580 |
| HCLTECH | 1807 | 1820 |
| HDFCAMC | 4001.7 | 4000 |
| HDFCBANK | 1664.9 | 1670 |
| HDFCLIFE | 621 | 630 |
| HEROMOTOCO | 4100.35 | 4150 |
| HFCL | 101.03 | 102.5 |
| HINDALCO | 608.25 | 600 |
| HINDCOPPER | 246.05 | 250 |
| HINDPETRO | 362.1 | 370 |
| HINDUNILVR | 2321.7 | 2360 |
| HUDCO | 221.48 | 220 |
| ICICIBANK | 1201.75 | 1240 |
| ICICIGI | 1834.1 | 1900 |
| ICICIPRULI | 594.7 | 600 |
| IDEA | 9.51 | 9 |
| IDFCFIRSTB | 63.11 | 63 |
| IEX | 167.45 | 172.5 |
| IGL | 391.6 | 400 |
| INDHOTEL | 775.1 | 790 |
| INDIAMART | 2086.55 | 2160 |
| INDIANB | 516.7 | 520 |
| INDIGO | 4134.8 | 4200 |
| INDUSINDBK | 970.95 | 980 |
| INDUSTOWER | 366.6 | 350 |
| INFY | 1865.45 | 1880 |
| IOC | 129.83 | 132.5 |
| IPCALAB | 1583.55 | 1580 |
| IRB | 52.94 | 55 |
| IRCTC | 795.2 | 800 |
| IRFC | 141.37 | 137.5 |
| ITC | 440.2 | 445 |
| JINDALSTEL | 893 | 920 |
| JIOFIN | 255.85 | 270 |
| JKCEMENT | 4789.05 | 4600 |
| JSL | 639.75 | 640 |
| JSWENERGY | 552.1 | 580 |
| JSWSTEEL | 929.9 | 930 |
| JUBLFOOD | 687.7 | 700 |
| KALYANKJIL | 478.15 | 580 |
| KEI | 4480.6 | 4300 |
| KOTAKBANK | 1894.85 | 1860 |
| KPITTECH | 1344.7 | 1380 |
| LALPATHLAB | 2877.65 | 2900 |
| LAURUSLABS | 585.15 | 580 |
| LICHSGFIN | 579.95 | 580 |
| LICI | 837.25 | 860 |
| LODHA | 1082.3 | 1140 |
| LT | 3503.25 | 3600 |
| LTF | 139.93 | 140 |
| LTIM | 6002.05 | 5900 |
| LTTS | 5453.15 | 5250 |
| LUPIN | 2151.2 | 2180 |
| M&M | 2886.45 | 2950 |
| M&MFIN | 275.45 | 275 |
| MANAPPURAM | 196.85 | 185 |
| MARICO | 667.9 | 660 |
| MARUTI | 12045.75 | 11700 |
| MAXHEALTH | 1082.85 | 1100 |
| MCX | 5860 | 5900 |
| METROPOLIS | 1870.7 | 1940 |
| MFSL | 1056.4 | 1060 |
| MGL | 1312.9 | 1280 |
| MOTHERSON | 144.97 | 150 |
| MPHASIS | 2918.95 | 2900 |
| MRF | 111739.5 | 115000 |
| MUTHOOTFIN | 2195.1 | 2180 |
| NATIONALUM | 205.8 | 210 |
| NAUKRI | 7535.5 | 7700 |
| NAVINFLUOR | 3772.45 | 3700 |
| NCC | 247.2 | 250 |
| NESTLEIND | 2198.95 | 2200 |
| NHPC | 78.46 | 79 |
| NMDC | 68.09 | 68 |
| NTPC | 323.65 | 325 |
| NYKAA | 170.31 | 167.5 |
| OBEROIRLTY | 1821.9 | 1860 |
| OFSS | 10056.7 | 10250 |
| OIL | 451.3 | 470 |
| ONGC | 263.05 | 260 |
| PAGEIND | 46768.75 | 46500 |
| PAYTM | 849.1 | 880 |
| PEL | 1006.4 | 1080 |
| PERSISTENT | 6287.7 | 6100 |
| PETRONET | 330.65 | 335 |
| PFC | 421.25 | 440 |
| PIDILITIND | 2909.65 | 2900 |
| PIIND | 3526.65 | 3550 |
| PNB | 99.43 | 100 |
| POLICYBZR | 1686.8 | 1750 |
| POLYCAB | 6250.9 | 6400 |
| POONAWALLA | 332.8 | 320 |
| POWERGRID | 294.35 | 305 |
| PRESTIGE | 1342.6 | 1400 |
| PVRINOX | 1092.8 | 1140 |
| RAMCOCEM | 908.55 | 910 |
| RBLBANK | 155.97 | 160 |
| RECLTD | 463.75 | 490 |
| RELIANCE | 1263.65 | 1260 |
| SAIL | 109.14 | 112.5 |
| SBICARD | 760 | 750 |
| SBILIFE | 1449.85 | 1460 |
| SBIN | 745.9 | 770 |
| SHREECEM | 25926.8 | 25500 |
| SHRIRAMFIN | 529.8 | 540 |
| SIEMENS | 6067.85 | 6200 |
| SJVN | 98.26 | 97.5 |
| SONACOMS | 542.6 | 560 |
| SRF | 2596.75 | 2560 |
| SUNPHARMA | 1833.6 | 1800 |
| SUNTV | 652.75 | 660 |
| SUPREMEIND | 3967.65 | 4000 |
| SYNGENE | 847 | 840 |
| TATACHEM | 975.45 | 1000 |
| TATACOMM | 1646.3 | 1700 |
| TATACONSUM | 983.9 | 960 |
| TATAELXSI | 6353.95 | 6300 |
| TATAMOTORS | 752.5 | 770 |
| TATAPOWER | 362.75 | 380 |
| TATASTEEL | 130.37 | 134 |
| TCS | 4145.45 | 4150 |
| TECHM | 1713.4 | 1700 |
| TIINDIA | 3363.7 | 3400 |
| TITAN | 3398.55 | 3400 |
| TORNTPHARM | 3263.75 | 3250 |
| TRENT | 5733.6 | 6000 |
| TVSMOTOR | 2300.1 | 2300 |
| UBL | 2073.75 | 2040 |
| ULTRACEMCO | 11420.9 | 11200 |
| UNIONBANK | 109.7 | 110 |
| UNITDSPR | 1500.65 | 1500 |
| UPL | 557.85 | 540 |
| VBL | 540.4 | 550 |
| VEDL | 446.5 | 460 |
| VOLTAS | 1497.65 | 1580 |
| WIPRO | 317.7 | 310 |
| YESBANK | 18.47 | 19 |
| ZOMATO | 221.95 | 230 |
| ZYDUSLIFE | 989.15 | 990 |
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.
