ADANIENT
Adani Enterprises Limited
Max pain for ADANIENT
06 Sep 2024 04:11 PM IST
Max Pain for ADANIENT is 3000
Strike 2500 has a total call value of 0 versus a total put value of 297,168,000,000 Combined total value = 297,168,000,000
Strike 2550 has a total call value of 0 versus a total put value of 262,284,000,000 Combined total value = 262,284,000,000
Strike 2600 has a total call value of 0 versus a total put value of 227,592,000,000 Combined total value = 227,592,000,000
Strike 2650 has a total call value of 85,500,000 versus a total put value of 194,311,500,000 Combined total value = 194,397,000,000
Strike 2700 has a total call value of 171,000,000 versus a total put value of 161,031,000,000 Combined total value = 161,202,000,000
Strike 2750 has a total call value of 280,500,000 versus a total put value of 129,583,500,000 Combined total value = 129,864,000,000
Strike 2800 has a total call value of 420,000,000 versus a total put value of 98,250,000,000 Combined total value = 98,670,000,000
Strike 2850 has a total call value of 3,831,000,000 versus a total put value of 75,348,000,000 Combined total value = 79,179,000,000
Strike 2900 has a total call value of 7,467,000,000 versus a total put value of 53,416,500,000 Combined total value = 60,883,500,000
Strike 2950 has a total call value of 12,198,000,000 versus a total put value of 38,592,000,000 Combined total value = 50,790,000,000
Strike 3000 has a total call value of 17,296,500,000 versus a total put value of 25,104,000,000 Combined total value = 42,400,500,000
Strike 3050 has a total call value of 29,379,000,000 versus a total put value of 17,578,500,000 Combined total value = 46,957,500,000
Strike 3100 has a total call value of 45,318,000,000 versus a total put value of 11,640,000,000 Combined total value = 56,958,000,000
Strike 3150 has a total call value of 72,034,500,000 versus a total put value of 7,816,500,000 Combined total value = 79,851,000,000
Strike 3200 has a total call value of 101,542,500,000 versus a total put value of 4,761,000,000 Combined total value = 106,303,500,000
Strike 3250 has a total call value of 142,153,500,000 versus a total put value of 3,015,000,000 Combined total value = 145,168,500,000
Strike 3300 has a total call value of 185,266,500,000 versus a total put value of 1,416,000,000 Combined total value = 186,682,500,000
Strike 3350 has a total call value of 232,726,500,000 versus a total put value of 930,000,000 Combined total value = 233,656,500,000
Strike 3400 has a total call value of 280,288,500,000 versus a total put value of 444,000,000 Combined total value = 280,732,500,000
Strike 3450 has a total call value of 329,998,500,000 versus a total put value of 367,500,000 Combined total value = 330,366,000,000
Strike 3500 has a total call value of 379,708,500,000 versus a total put value of 294,000,000 Combined total value = 380,002,500,000
Strike 3550 has a total call value of 431,667,000,000 versus a total put value of 220,500,000 Combined total value = 431,887,500,000
Strike 3600 has a total call value of 483,625,500,000 versus a total put value of 147,000,000 Combined total value = 483,772,500,000
Strike 3650 has a total call value of 536,341,500,000 versus a total put value of 73,500,000 Combined total value = 536,415,000,000
Strike 3700 has a total call value of 589,057,500,000 versus a total put value of 0 Combined total value = 589,057,500,000
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.