ADANIENT
ADANI ENTERPRISES LIMITED
Max pain for ADANIENT
02 Jul 2024 10:42 AM IST
Max Pain for ADANIENT is 3200
Strike 2300 has a total call value of 0 versus a total put value of 330,952,500,000 Combined total value = 330,952,500,000
Strike 2350 has a total call value of 0 versus a total put value of 308,796,000,000 Combined total value = 308,796,000,000
Strike 2400 has a total call value of 0 versus a total put value of 286,639,500,000 Combined total value = 286,639,500,000
Strike 2450 has a total call value of 0 versus a total put value of 264,501,000,000 Combined total value = 264,501,000,000
Strike 2500 has a total call value of 0 versus a total put value of 242,362,500,000 Combined total value = 242,362,500,000
Strike 2550 has a total call value of 0 versus a total put value of 220,798,500,000 Combined total value = 220,798,500,000
Strike 2600 has a total call value of 0 versus a total put value of 199,278,000,000 Combined total value = 199,278,000,000
Strike 2650 has a total call value of 0 versus a total put value of 177,996,000,000 Combined total value = 177,996,000,000
Strike 2700 has a total call value of 0 versus a total put value of 156,714,000,000 Combined total value = 156,714,000,000
Strike 2750 has a total call value of 0 versus a total put value of 136,705,500,000 Combined total value = 136,705,500,000
Strike 2800 has a total call value of 0 versus a total put value of 116,697,000,000 Combined total value = 116,697,000,000
Strike 2850 has a total call value of 100,500,000 versus a total put value of 99,129,000,000 Combined total value = 99,229,500,000
Strike 2900 has a total call value of 213,000,000 versus a total put value of 81,561,000,000 Combined total value = 81,774,000,000
Strike 2950 has a total call value of 430,500,000 versus a total put value of 67,156,500,000 Combined total value = 67,587,000,000
Strike 3000 has a total call value of 690,000,000 versus a total put value of 52,752,000,000 Combined total value = 53,442,000,000
Strike 3050 has a total call value of 1,308,000,000 versus a total put value of 41,610,000,000 Combined total value = 42,918,000,000
Strike 3100 has a total call value of 1,993,500,000 versus a total put value of 30,628,500,000 Combined total value = 32,622,000,000
Strike 3150 has a total call value of 3,319,500,000 versus a total put value of 22,174,500,000 Combined total value = 25,494,000,000
Strike 3200 has a total call value of 5,025,000,000 versus a total put value of 14,073,000,000 Combined total value = 19,098,000,000
Strike 3250 has a total call value of 12,516,000,000 versus a total put value of 9,868,500,000 Combined total value = 22,384,500,000
Strike 3300 has a total call value of 21,393,000,000 versus a total put value of 6,606,000,000 Combined total value = 27,999,000,000
Strike 3350 has a total call value of 34,693,500,000 versus a total put value of 4,750,500,000 Combined total value = 39,444,000,000
Strike 3400 has a total call value of 48,495,000,000 versus a total put value of 2,943,000,000 Combined total value = 51,438,000,000
Strike 3450 has a total call value of 65,520,000,000 versus a total put value of 1,674,000,000 Combined total value = 67,194,000,000
Strike 3500 has a total call value of 82,704,000,000 versus a total put value of 451,500,000 Combined total value = 83,155,500,000
Strike 3550 has a total call value of 104,587,500,000 versus a total put value of 232,500,000 Combined total value = 104,820,000,000
Strike 3600 has a total call value of 126,471,000,000 versus a total put value of 33,000,000 Combined total value = 126,504,000,000
Strike 3650 has a total call value of 150,543,000,000 versus a total put value of 0 Combined total value = 150,543,000,000
Strike 3700 has a total call value of 174,615,000,000 versus a total put value of 0 Combined total value = 174,615,000,000
Strike 3750 has a total call value of 199,917,000,000 versus a total put value of 0 Combined total value = 199,917,000,000
Strike 3800 has a total call value of 225,219,000,000 versus a total put value of 0 Combined total value = 225,219,000,000
Strike 3850 has a total call value of 251,538,000,000 versus a total put value of 0 Combined total value = 251,538,000,000
Strike 3900 has a total call value of 277,857,000,000 versus a total put value of 0 Combined total value = 277,857,000,000
Strike 3950 has a total call value of 304,335,000,000 versus a total put value of 0 Combined total value = 304,335,000,000
Strike 4000 has a total call value of 330,813,000,000 versus a total put value of 0 Combined total value = 330,813,000,000
Strike 4050 has a total call value of 358,497,000,000 versus a total put value of 0 Combined total value = 358,497,000,000
Strike 4100 has a total call value of 386,181,000,000 versus a total put value of 0 Combined total value = 386,181,000,000
Strike 4150 has a total call value of 413,865,000,000 versus a total put value of 0 Combined total value = 413,865,000,000
Strike 4200 has a total call value of 441,550,500,000 versus a total put value of 0 Combined total value = 441,550,500,000
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.