ADANIENT
Adani Enterprises Limited
Max pain for ADANIENT
12 Nov 2024 04:11 PM IST
Max Pain for ADANIENT is 3000
Strike 2240 has a total call value of 0 versus a total put value of 492,011,400,000 Combined total value = 492,011,400,000
Strike 2260 has a total call value of 0 versus a total put value of 477,749,400,000 Combined total value = 477,749,400,000
Strike 2280 has a total call value of 0 versus a total put value of 463,487,400,000 Combined total value = 463,487,400,000
Strike 2300 has a total call value of 0 versus a total put value of 449,225,400,000 Combined total value = 449,225,400,000
Strike 2320 has a total call value of 0 versus a total put value of 435,108,600,000 Combined total value = 435,108,600,000
Strike 2340 has a total call value of 0 versus a total put value of 420,991,800,000 Combined total value = 420,991,800,000
Strike 2360 has a total call value of 0 versus a total put value of 406,875,000,000 Combined total value = 406,875,000,000
Strike 2380 has a total call value of 0 versus a total put value of 392,758,200,000 Combined total value = 392,758,200,000
Strike 2400 has a total call value of 0 versus a total put value of 378,641,400,000 Combined total value = 378,641,400,000
Strike 2420 has a total call value of 0 versus a total put value of 364,762,800,000 Combined total value = 364,762,800,000
Strike 2440 has a total call value of 0 versus a total put value of 350,884,200,000 Combined total value = 350,884,200,000
Strike 2460 has a total call value of 0 versus a total put value of 337,005,600,000 Combined total value = 337,005,600,000
Strike 2480 has a total call value of 0 versus a total put value of 323,127,000,000 Combined total value = 323,127,000,000
Strike 2500 has a total call value of 0 versus a total put value of 309,252,000,000 Combined total value = 309,252,000,000
Strike 2520 has a total call value of 0 versus a total put value of 295,578,600,000 Combined total value = 295,578,600,000
Strike 2540 has a total call value of 0 versus a total put value of 281,914,200,000 Combined total value = 281,914,200,000
Strike 2560 has a total call value of 0 versus a total put value of 268,258,200,000 Combined total value = 268,258,200,000
Strike 2580 has a total call value of 0 versus a total put value of 254,700,000,000 Combined total value = 254,700,000,000
Strike 2600 has a total call value of 0 versus a total put value of 241,141,800,000 Combined total value = 241,141,800,000
Strike 2620 has a total call value of 239,400,000 versus a total put value of 227,899,800,000 Combined total value = 228,139,200,000
Strike 2640 has a total call value of 478,800,000 versus a total put value of 214,731,000,000 Combined total value = 215,209,800,000
Strike 2660 has a total call value of 718,200,000 versus a total put value of 201,655,200,000 Combined total value = 202,373,400,000
Strike 2680 has a total call value of 957,600,000 versus a total put value of 188,644,200,000 Combined total value = 189,601,800,000
Strike 2700 has a total call value of 1,197,000,000 versus a total put value of 175,715,400,000 Combined total value = 176,912,400,000
Strike 2720 has a total call value of 1,541,400,000 versus a total put value of 163,423,800,000 Combined total value = 164,965,200,000
Strike 2740 has a total call value of 1,885,800,000 versus a total put value of 151,159,800,000 Combined total value = 153,045,600,000
Strike 2760 has a total call value of 2,272,200,000 versus a total put value of 139,019,400,000 Combined total value = 141,291,600,000
Strike 2780 has a total call value of 2,701,800,000 versus a total put value of 127,036,200,000 Combined total value = 129,738,000,000
Strike 2800 has a total call value of 3,159,600,000 versus a total put value of 115,123,800,000 Combined total value = 118,283,400,000
Strike 2820 has a total call value of 4,816,800,000 versus a total put value of 104,181,000,000 Combined total value = 108,997,800,000
Strike 2840 has a total call value of 6,519,600,000 versus a total put value of 93,327,600,000 Combined total value = 99,847,200,000
Strike 2860 has a total call value of 8,273,400,000 versus a total put value of 82,596,000,000 Combined total value = 90,869,400,000
Strike 2880 has a total call value of 10,116,600,000 versus a total put value of 72,057,000,000 Combined total value = 82,173,600,000
Strike 2900 has a total call value of 12,093,600,000 versus a total put value of 61,665,600,000 Combined total value = 73,759,200,000
Strike 2920 has a total call value of 15,402,000,000 versus a total put value of 53,082,600,000 Combined total value = 68,484,600,000
Strike 2940 has a total call value of 19,005,000,000 versus a total put value of 44,685,600,000 Combined total value = 63,690,600,000
Strike 2960 has a total call value of 22,952,400,000 versus a total put value of 36,559,200,000 Combined total value = 59,511,600,000
Strike 2980 has a total call value of 27,385,200,000 versus a total put value of 28,825,800,000 Combined total value = 56,211,000,000
Strike 3000 has a total call value of 32,315,400,000 versus a total put value of 21,283,800,000 Combined total value = 53,599,200,000
Strike 3020 has a total call value of 40,030,800,000 versus a total put value of 17,481,000,000 Combined total value = 57,511,800,000
Strike 3040 has a total call value of 47,963,400,000 versus a total put value of 13,777,800,000 Combined total value = 61,741,200,000
Strike 3060 has a total call value of 56,100,600,000 versus a total put value of 10,165,200,000 Combined total value = 66,265,800,000
Strike 3080 has a total call value of 64,472,400,000 versus a total put value of 6,639,000,000 Combined total value = 71,111,400,000
Strike 3100 has a total call value of 72,989,400,000 versus a total put value of 3,196,200,000 Combined total value = 76,185,600,000
Strike 3120 has a total call value of 84,046,800,000 versus a total put value of 2,849,400,000 Combined total value = 86,896,200,000
Strike 3140 has a total call value of 95,190,000,000 versus a total put value of 2,502,600,000 Combined total value = 97,692,600,000
Strike 3160 has a total call value of 106,416,000,000 versus a total put value of 2,155,800,000 Combined total value = 108,571,800,000
Strike 3180 has a total call value of 117,744,600,000 versus a total put value of 1,809,000,000 Combined total value = 119,553,600,000
Strike 3200 has a total call value of 129,160,200,000 versus a total put value of 1,462,200,000 Combined total value = 130,622,400,000
Strike 3220 has a total call value of 142,170,000,000 versus a total put value of 1,256,400,000 Combined total value = 143,426,400,000
Strike 3240 has a total call value of 155,179,800,000 versus a total put value of 1,050,600,000 Combined total value = 156,230,400,000
Strike 3260 has a total call value of 168,363,600,000 versus a total put value of 844,800,000 Combined total value = 169,208,400,000
Strike 3280 has a total call value of 181,547,400,000 versus a total put value of 639,000,000 Combined total value = 182,186,400,000
Strike 3300 has a total call value of 194,731,200,000 versus a total put value of 433,200,000 Combined total value = 195,164,400,000
Strike 3320 has a total call value of 208,896,600,000 versus a total put value of 404,400,000 Combined total value = 209,301,000,000
Strike 3340 has a total call value of 223,089,600,000 versus a total put value of 375,600,000 Combined total value = 223,465,200,000
Strike 3360 has a total call value of 237,282,600,000 versus a total put value of 346,800,000 Combined total value = 237,629,400,000
Strike 3380 has a total call value of 251,505,600,000 versus a total put value of 318,000,000 Combined total value = 251,823,600,000
Strike 3400 has a total call value of 265,728,600,000 versus a total put value of 289,200,000 Combined total value = 266,017,800,000
Strike 3420 has a total call value of 280,318,200,000 versus a total put value of 260,400,000 Combined total value = 280,578,600,000
Strike 3440 has a total call value of 294,907,800,000 versus a total put value of 231,600,000 Combined total value = 295,139,400,000
Strike 3460 has a total call value of 309,497,400,000 versus a total put value of 202,800,000 Combined total value = 309,700,200,000
Strike 3480 has a total call value of 324,087,000,000 versus a total put value of 174,000,000 Combined total value = 324,261,000,000
Strike 3500 has a total call value of 338,676,600,000 versus a total put value of 145,200,000 Combined total value = 338,821,800,000
Strike 3520 has a total call value of 353,527,800,000 versus a total put value of 116,400,000 Combined total value = 353,644,200,000
Strike 3540 has a total call value of 368,379,000,000 versus a total put value of 87,600,000 Combined total value = 368,466,600,000
Strike 3560 has a total call value of 383,230,200,000 versus a total put value of 58,800,000 Combined total value = 383,289,000,000
Strike 3580 has a total call value of 398,081,400,000 versus a total put value of 30,000,000 Combined total value = 398,111,400,000
Strike 3600 has a total call value of 412,932,600,000 versus a total put value of 1,200,000 Combined total value = 412,933,800,000
Strike 3620 has a total call value of 427,830,000,000 versus a total put value of 600,000 Combined total value = 427,830,600,000
Strike 3640 has a total call value of 442,727,400,000 versus a total put value of 0 Combined total value = 442,727,400,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
