ADANIENT
Adani Enterprises Limited
Max pain for ADANIENT
14 Nov 2024 09:22 AM IST
Max Pain for ADANIENT is 2920
Strike 2300 has a total call value of 0 versus a total put value of 259,770,000,000 Combined total value = 259,770,000,000
Strike 2320 has a total call value of 0 versus a total put value of 250,675,200,000 Combined total value = 250,675,200,000
Strike 2340 has a total call value of 0 versus a total put value of 241,580,400,000 Combined total value = 241,580,400,000
Strike 2360 has a total call value of 0 versus a total put value of 232,485,600,000 Combined total value = 232,485,600,000
Strike 2380 has a total call value of 0 versus a total put value of 223,390,800,000 Combined total value = 223,390,800,000
Strike 2400 has a total call value of 0 versus a total put value of 214,296,000,000 Combined total value = 214,296,000,000
Strike 2420 has a total call value of 0 versus a total put value of 205,437,600,000 Combined total value = 205,437,600,000
Strike 2440 has a total call value of 0 versus a total put value of 196,579,200,000 Combined total value = 196,579,200,000
Strike 2460 has a total call value of 0 versus a total put value of 187,720,800,000 Combined total value = 187,720,800,000
Strike 2480 has a total call value of 0 versus a total put value of 178,862,400,000 Combined total value = 178,862,400,000
Strike 2500 has a total call value of 0 versus a total put value of 170,004,000,000 Combined total value = 170,004,000,000
Strike 2520 has a total call value of 0 versus a total put value of 161,351,400,000 Combined total value = 161,351,400,000
Strike 2540 has a total call value of 0 versus a total put value of 152,698,800,000 Combined total value = 152,698,800,000
Strike 2560 has a total call value of 0 versus a total put value of 144,046,200,000 Combined total value = 144,046,200,000
Strike 2580 has a total call value of 0 versus a total put value of 135,393,600,000 Combined total value = 135,393,600,000
Strike 2600 has a total call value of 0 versus a total put value of 126,741,000,000 Combined total value = 126,741,000,000
Strike 2620 has a total call value of 0 versus a total put value of 118,398,000,000 Combined total value = 118,398,000,000
Strike 2640 has a total call value of 0 versus a total put value of 110,055,000,000 Combined total value = 110,055,000,000
Strike 2660 has a total call value of 0 versus a total put value of 101,712,000,000 Combined total value = 101,712,000,000
Strike 2680 has a total call value of 0 versus a total put value of 93,369,000,000 Combined total value = 93,369,000,000
Strike 2700 has a total call value of 0 versus a total put value of 85,086,600,000 Combined total value = 85,086,600,000
Strike 2720 has a total call value of 103,200,000 versus a total put value of 77,471,400,000 Combined total value = 77,574,600,000
Strike 2740 has a total call value of 206,400,000 versus a total put value of 69,856,200,000 Combined total value = 70,062,600,000
Strike 2760 has a total call value of 309,600,000 versus a total put value of 62,395,800,000 Combined total value = 62,705,400,000
Strike 2780 has a total call value of 460,800,000 versus a total put value of 55,070,400,000 Combined total value = 55,531,200,000
Strike 2800 has a total call value of 644,400,000 versus a total put value of 47,828,400,000 Combined total value = 48,472,800,000
Strike 2820 has a total call value of 2,164,200,000 versus a total put value of 41,630,400,000 Combined total value = 43,794,600,000
Strike 2840 has a total call value of 3,784,800,000 versus a total put value of 35,589,600,000 Combined total value = 39,374,400,000
Strike 2860 has a total call value of 5,527,200,000 versus a total put value of 29,715,000,000 Combined total value = 35,242,200,000
Strike 2880 has a total call value of 7,507,200,000 versus a total put value of 24,066,000,000 Combined total value = 31,573,200,000
Strike 2900 has a total call value of 9,651,000,000 versus a total put value of 18,567,000,000 Combined total value = 28,218,000,000
Strike 2920 has a total call value of 13,192,200,000 versus a total put value of 14,853,600,000 Combined total value = 28,045,800,000
Strike 2940 has a total call value of 17,032,200,000 versus a total put value of 11,140,200,000 Combined total value = 28,172,400,000
Strike 2960 has a total call value of 21,223,200,000 versus a total put value of 7,426,800,000 Combined total value = 28,650,000,000
Strike 2980 has a total call value of 25,896,600,000 versus a total put value of 3,713,400,000 Combined total value = 29,610,000,000
Strike 3000 has a total call value of 31,041,000,000 versus a total put value of 0 Combined total value = 31,041,000,000
Strike 3020 has a total call value of 39,264,600,000 versus a total put value of 0 Combined total value = 39,264,600,000
Strike 3040 has a total call value of 47,722,200,000 versus a total put value of 0 Combined total value = 47,722,200,000
Strike 3060 has a total call value of 56,379,600,000 versus a total put value of 0 Combined total value = 56,379,600,000
Strike 3080 has a total call value of 65,285,400,000 versus a total put value of 0 Combined total value = 65,285,400,000
Strike 3100 has a total call value of 74,191,200,000 versus a total put value of 0 Combined total value = 74,191,200,000
Strike 3120 has a total call value of 85,711,200,000 versus a total put value of 0 Combined total value = 85,711,200,000
Strike 3140 has a total call value of 97,231,200,000 versus a total put value of 0 Combined total value = 97,231,200,000
Strike 3160 has a total call value of 108,751,200,000 versus a total put value of 0 Combined total value = 108,751,200,000
Strike 3180 has a total call value of 120,271,200,000 versus a total put value of 0 Combined total value = 120,271,200,000
Strike 3200 has a total call value of 131,859,600,000 versus a total put value of 0 Combined total value = 131,859,600,000
Strike 3220 has a total call value of 144,958,200,000 versus a total put value of 0 Combined total value = 144,958,200,000
Strike 3240 has a total call value of 158,056,800,000 versus a total put value of 0 Combined total value = 158,056,800,000
Strike 3260 has a total call value of 171,325,200,000 versus a total put value of 0 Combined total value = 171,325,200,000
Strike 3280 has a total call value of 184,593,600,000 versus a total put value of 0 Combined total value = 184,593,600,000
Strike 3300 has a total call value of 197,862,000,000 versus a total put value of 0 Combined total value = 197,862,000,000
Strike 3320 has a total call value of 212,148,600,000 versus a total put value of 0 Combined total value = 212,148,600,000
Strike 3340 has a total call value of 226,435,200,000 versus a total put value of 0 Combined total value = 226,435,200,000
Strike 3360 has a total call value of 240,721,800,000 versus a total put value of 0 Combined total value = 240,721,800,000
Strike 3380 has a total call value of 255,008,400,000 versus a total put value of 0 Combined total value = 255,008,400,000
Strike 3400 has a total call value of 269,295,000,000 versus a total put value of 0 Combined total value = 269,295,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 433.15 | 440 |
| ABB | 6754.05 | 7000 |
| ABBOTINDIA | 27778.55 | 28000 |
| ABCAPITAL | 189.96 | 200 |
| ABFRL | 293.95 | 270 |
| ACC | 2205.35 | 2280 |
| ADANIENT | 2841.8 | 2920 |
| ADANIPORTS | 1292.45 | 1340 |
| ALKEM | 5619.65 | 5500 |
| AMBUJACEM | 547.4 | 560 |
| APOLLOHOSP | 6853.9 | 7000 |
| APOLLOTYRE | 468.8 | 470 |
| ASHOKLEY | 216.46 | 220 |
| ASIANPAINT | 2489.1 | 2520 |
| ASTRAL | 1728.5 | 1760 |
| ATUL | 7285.95 | 7400 |
| AUBANK | 569.5 | 580 |
| AUROPHARMA | 1265.15 | 1300 |
| AXISBANK | 1137.65 | 1160 |
| BAJAJ-AUTO | 9492.85 | 9700 |
| BAJAJFINSV | 1663.25 | 1700 |
| BAJFINANCE | 6603.35 | 6800 |
| BALKRISIND | 2741.65 | 2750 |
| BANDHANBNK | 166.65 | 175 |
| BANKBARODA | 246.45 | 250 |
| BATAINDIA | 1325.85 | 1320 |
| BEL | 281 | 290 |
| BERGEPAINT | 490.9 | 490 |
| BHARATFORG | 1333.8 | 1380 |
| BHARTIARTL | 1547.25 | 1580 |
| BHEL | 224.4 | 235 |
| BIOCON | 337.05 | 335 |
| BOSCHLTD | 33664.5 | 34000 |
| BPCL | 303.35 | 310 |
| BRITANNIA | 5020.05 | 5100 |
| BSOFT | 554 | 560 |
| CANBK | 100.35 | 102 |
| CANFINHOME | 821.8 | 840 |
| CHAMBLFERT | 463.95 | 480 |
| CHOLAFIN | 1194.3 | 1260 |
| CIPLA | 1499.3 | 1540 |
| COALINDIA | 411.2 | 424.25 |
| COFORGE | 8128.3 | 8000 |
| COLPAL | 2765 | 2850 |
| CONCOR | 786.8 | 810 |
| COROMANDEL | 1678.9 | 1700 |
| CROMPTON | 382.6 | 400 |
| CUB | 172.45 | 175 |
| CUMMINSIND | 3319.1 | 3400 |
| DABUR | 511.75 | 530 |
| DALBHARAT | 1702.5 | 1800 |
| DEEPAKNTR | 2498.15 | 2600 |
| DIVISLAB | 5764.2 | 5900 |
| DIXON | 14928.05 | 14500 |
| DLF | 760.65 | 780 |
| DRREDDY | 1241.85 | 1260 |
| EICHERMOT | 4918.05 | 4800 |
| ESCORTS | 3520.75 | 3600 |
| EXIDEIND | 421.65 | 440 |
| FEDERALBNK | 200.63 | 202.5 |
| GAIL | 191.74 | 195 |
| GLENMARK | 1552.1 | 1600 |
| GMRINFRA | 76.93 | 80 |
| GNFC | 547.4 | 560 |
| GODREJCP | 1189.5 | 1200 |
| GODREJPROP | 2598.5 | 2700 |
| GRANULES | 535.8 | 490 |
| GRASIM | 2514.75 | 2500 |
| GUJGASLTD | 495.85 | 510 |
| HAL | 4051.4 | 4300 |
| HAVELLS | 1612.5 | 1640 |
| HCLTECH | 1889.95 | 1820 |
| HDFCAMC | 4312.5 | 4350 |
| HDFCBANK | 1691.3 | 1720 |
| HDFCLIFE | 689.65 | 700 |
| HEROMOTOCO | 4510.55 | 4700 |
| HINDALCO | 634.8 | 650 |
| HINDCOPPER | 264.4 | 290 |
| HINDPETRO | 368.85 | 380 |
| HINDUNILVR | 2446.5 | 2500 |
| ICICIBANK | 1255.15 | 1260 |
| ICICIGI | 1869.4 | 1900 |
| ICICIPRULI | 693.55 | 710 |
| IDEA | 7.5 | 8 |
| IDFCFIRSTB | 64.3 | 65 |
| IEX | 163.88 | 170 |
| IGL | 418.2 | 420 |
| INDHOTEL | 717.1 | 710 |
| INDIAMART | 2328 | 2300 |
| INDIGO | 3878.5 | 3950 |
| INDUSINDBK | 1043.1 | 1060 |
| INDUSTOWER | 320.5 | 340 |
| INFY | 1868.45 | 1820 |
| IOC | 135.2 | 140 |
| IPCALAB | 1514.9 | 1520 |
| IRCTC | 803 | 820 |
| ITC | 471.4 | 480 |
| JINDALSTEL | 873.1 | 900 |
| JKCEMENT | 3965.55 | 4100 |
| JSWSTEEL | 937.25 | 960 |
| JUBLFOOD | 621.7 | 620 |
| KOTAKBANK | 1693.4 | 1760 |
| LALPATHLAB | 2958.35 | 3100 |
| LAURUSLABS | 481.85 | 490 |
| LICHSGFIN | 615.65 | 630 |
| LT | 3545.05 | 3600 |
| LTF | 136.94 | 140 |
| LTIM | 5947.45 | 6000 |
| LTTS | 5192.1 | 5200 |
| LUPIN | 2041.2 | 2100 |
| M&M | 2777.3 | 2850 |
| M&MFIN | 260 | 270 |
| MANAPPURAM | 161.55 | 155 |
| MARICO | 596.1 | 610 |
| MARUTI | 10983.5 | 11100 |
| MCX | 6112.85 | 6200 |
| METROPOLIS | 2055.4 | 2100 |
| MFSL | 1213.5 | 1200 |
| MGL | 1340 | 1400 |
| MOTHERSON | 163.8 | 170 |
| MPHASIS | 2875.55 | 2900 |
| MRF | 120930 | 120000 |
| MUTHOOTFIN | 1776.45 | 1800 |
| NATIONALUM | 229.24 | 225 |
| NAUKRI | 7584.55 | 7700 |
| NAVINFLUOR | 3294.8 | 3350 |
| NESTLEIND | 2232.2 | 2260 |
| NMDC | 228.14 | 225 |
| NTPC | 384.5 | 390 |
| OBEROIRLTY | 1959.35 | 1960 |
| OFSS | 11890.9 | 11500 |
| ONGC | 252.65 | 260 |
| PAGEIND | 45950.55 | 46000 |
| PEL | 1027 | 1020 |
| PERSISTENT | 5758 | 5600 |
| PETRONET | 317.7 | 328 |
| PFC | 465.35 | 460 |
| PIDILITIND | 2989.05 | 3100 |
| PIIND | 4099.2 | 4400 |
| PNB | 102.05 | 105 |
| POLYCAB | 6370 | 6500 |
| POWERGRID | 314.05 | 320 |
| PVRINOX | 1463.95 | 1480 |
| RAMCOCEM | 895.25 | 880 |
| RBLBANK | 153.98 | 160 |
| RECLTD | 511.4 | 520 |
| RELIANCE | 1261.1 | 1300 |
| SAIL | 113.69 | 115 |
| SBICARD | 686.75 | 680 |
| SBILIFE | 1556.45 | 1580 |
| SBIN | 814 | 830 |
| SHREECEM | 23740.9 | 24250 |
| SHRIRAMFIN | 2838.45 | 3000 |
| SIEMENS | 6667.7 | 6900 |
| SRF | 2208.6 | 2280 |
| SUNPHARMA | 1781.75 | 1820 |
| SUNTV | 726.4 | 730 |
| SYNGENE | 862.7 | 880 |
| TATACHEM | 1052.15 | 1100 |
| TATACOMM | 1764.4 | 1780 |
| TATACONSUM | 954 | 980 |
| TATAMOTORS | 790.1 | 810 |
| TATAPOWER | 407.35 | 420 |
| TATASTEEL | 139.9 | 147.5 |
| TCS | 4138.7 | 4150 |
| TECHM | 1682.15 | 1660 |
| TITAN | 3180.9 | 3200 |
| TORNTPHARM | 3125.45 | 3100 |
| TRENT | 6523.2 | 6600 |
| TVSMOTOR | 2390 | 2450 |
| UBL | 1871.75 | 1900 |
| ULTRACEMCO | 10577.75 | 11000 |
| UNITDSPR | 1433.65 | 1460 |
| UPL | 515.5 | 530 |
| VEDL | 435.95 | 460 |
| VOLTAS | 1709 | 1700 |
| WIPRO | 573.05 | 560 |
| ZYDUSLIFE | 972.1 | 980 |
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.
