ADANIENT
Adani Enterprises Limited
Max pain for ADANIENT
16 Sep 2024 04:11 PM IST
Max Pain for ADANIENT is 3000
Strike 2400 has a total call value of 0 versus a total put value of 394,381,500,000 Combined total value = 394,381,500,000
Strike 2450 has a total call value of 0 versus a total put value of 354,562,500,000 Combined total value = 354,562,500,000
Strike 2500 has a total call value of 0 versus a total put value of 314,743,500,000 Combined total value = 314,743,500,000
Strike 2550 has a total call value of 0 versus a total put value of 277,396,500,000 Combined total value = 277,396,500,000
Strike 2600 has a total call value of 0 versus a total put value of 240,133,500,000 Combined total value = 240,133,500,000
Strike 2650 has a total call value of 0 versus a total put value of 204,249,000,000 Combined total value = 204,249,000,000
Strike 2700 has a total call value of 0 versus a total put value of 168,526,500,000 Combined total value = 168,526,500,000
Strike 2750 has a total call value of 525,000,000 versus a total put value of 134,541,000,000 Combined total value = 135,066,000,000
Strike 2800 has a total call value of 1,050,000,000 versus a total put value of 100,860,000,000 Combined total value = 101,910,000,000
Strike 2850 has a total call value of 4,939,500,000 versus a total put value of 75,225,000,000 Combined total value = 80,164,500,000
Strike 2900 has a total call value of 9,081,000,000 versus a total put value of 51,384,000,000 Combined total value = 60,465,000,000
Strike 2950 has a total call value of 15,490,500,000 versus a total put value of 35,895,000,000 Combined total value = 51,385,500,000
Strike 3000 has a total call value of 23,085,000,000 versus a total put value of 22,558,500,000 Combined total value = 45,643,500,000
Strike 3050 has a total call value of 41,848,500,000 versus a total put value of 15,738,000,000 Combined total value = 57,586,500,000
Strike 3100 has a total call value of 65,349,000,000 versus a total put value of 10,297,500,000 Combined total value = 75,646,500,000
Strike 3150 has a total call value of 100,902,000,000 versus a total put value of 6,828,000,000 Combined total value = 107,730,000,000
Strike 3200 has a total call value of 139,230,000,000 versus a total put value of 4,033,500,000 Combined total value = 143,263,500,000
Strike 3250 has a total call value of 188,583,000,000 versus a total put value of 2,350,500,000 Combined total value = 190,933,500,000
Strike 3300 has a total call value of 240,463,500,000 versus a total put value of 813,000,000 Combined total value = 241,276,500,000
Strike 3350 has a total call value of 296,043,000,000 versus a total put value of 408,000,000 Combined total value = 296,451,000,000
Strike 3400 has a total call value of 351,853,500,000 versus a total put value of 3,000,000 Combined total value = 351,856,500,000
Strike 3450 has a total call value of 409,693,500,000 versus a total put value of 0 Combined total value = 409,693,500,000
Strike 3500 has a total call value of 467,533,500,000 versus a total put value of 0 Combined total value = 467,533,500,000
Strike 3550 has a total call value of 527,280,000,000 versus a total put value of 0 Combined total value = 527,280,000,000
Strike 3600 has a total call value of 587,026,500,000 versus a total put value of 0 Combined total value = 587,026,500,000
Strike 3650 has a total call value of 647,452,500,000 versus a total put value of 0 Combined total value = 647,452,500,000
Strike 3700 has a total call value of 707,878,500,000 versus a total put value of 0 Combined total value = 707,878,500,000
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.