ADANIENT
ADANI ENTERPRISES LIMITED
Max pain for ADANIENT
26 Jul 2024 04:11 PM IST
Max Pain for ADANIENT is 3050
Strike 2500 has a total call value of 0 versus a total put value of 204,499,500,000 Combined total value = 204,499,500,000
Strike 2550 has a total call value of 15,000,000 versus a total put value of 182,298,000,000 Combined total value = 182,313,000,000
Strike 2600 has a total call value of 30,000,000 versus a total put value of 160,096,500,000 Combined total value = 160,126,500,000
Strike 2650 has a total call value of 94,500,000 versus a total put value of 139,473,000,000 Combined total value = 139,567,500,000
Strike 2700 has a total call value of 162,000,000 versus a total put value of 118,849,500,000 Combined total value = 119,011,500,000
Strike 2750 has a total call value of 303,000,000 versus a total put value of 98,226,000,000 Combined total value = 98,529,000,000
Strike 2800 has a total call value of 456,000,000 versus a total put value of 77,602,500,000 Combined total value = 78,058,500,000
Strike 2850 has a total call value of 813,000,000 versus a total put value of 61,285,500,000 Combined total value = 62,098,500,000
Strike 2900 has a total call value of 1,225,500,000 versus a total put value of 45,357,000,000 Combined total value = 46,582,500,000
Strike 2950 has a total call value of 1,914,000,000 versus a total put value of 33,375,000,000 Combined total value = 35,289,000,000
Strike 3000 has a total call value of 2,826,000,000 versus a total put value of 22,228,500,000 Combined total value = 25,054,500,000
Strike 3050 has a total call value of 8,044,500,000 versus a total put value of 16,825,500,000 Combined total value = 24,870,000,000
Strike 3100 has a total call value of 13,900,500,000 versus a total put value of 11,826,000,000 Combined total value = 25,726,500,000
Strike 3150 has a total call value of 24,750,000,000 versus a total put value of 9,003,000,000 Combined total value = 33,753,000,000
Strike 3200 has a total call value of 36,559,500,000 versus a total put value of 6,421,500,000 Combined total value = 42,981,000,000
Strike 3250 has a total call value of 54,918,000,000 versus a total put value of 4,987,500,000 Combined total value = 59,905,500,000
Strike 3300 has a total call value of 73,353,000,000 versus a total put value of 3,639,000,000 Combined total value = 76,992,000,000
Strike 3350 has a total call value of 94,641,000,000 versus a total put value of 2,922,000,000 Combined total value = 97,563,000,000
Strike 3400 has a total call value of 115,929,000,000 versus a total put value of 2,226,000,000 Combined total value = 118,155,000,000
Strike 3450 has a total call value of 139,495,500,000 versus a total put value of 1,687,500,000 Combined total value = 141,183,000,000
Strike 3500 has a total call value of 163,062,000,000 versus a total put value of 1,165,500,000 Combined total value = 164,227,500,000
Strike 3550 has a total call value of 189,231,000,000 versus a total put value of 823,500,000 Combined total value = 190,054,500,000
Strike 3600 has a total call value of 215,400,000,000 versus a total put value of 483,000,000 Combined total value = 215,883,000,000
Strike 3650 has a total call value of 241,938,000,000 versus a total put value of 241,500,000 Combined total value = 242,179,500,000
Strike 3700 has a total call value of 268,476,000,000 versus a total put value of 0 Combined total value = 268,476,000,000
Strike 3750 has a total call value of 295,014,000,000 versus a total put value of 0 Combined total value = 295,014,000,000
Strike 3800 has a total call value of 321,552,000,000 versus a total put value of 0 Combined total value = 321,552,000,000
Strike 3850 has a total call value of 348,090,000,000 versus a total put value of 0 Combined total value = 348,090,000,000
Strike 3900 has a total call value of 374,628,000,000 versus a total put value of 0 Combined total value = 374,628,000,000
Strike 3950 has a total call value of 401,166,000,000 versus a total put value of 0 Combined total value = 401,166,000,000
Strike 4000 has a total call value of 427,704,000,000 versus a total put value of 0 Combined total value = 427,704,000,000
Strike 4050 has a total call value of 454,821,000,000 versus a total put value of 0 Combined total value = 454,821,000,000
Strike 4100 has a total call value of 481,938,000,000 versus a total put value of 0 Combined total value = 481,938,000,000
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.