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ADANIPORTS
ADANI PORT & SEZ LTD

835.55 -2.15 (-0.26%)


Strike  640  has a total call value of 0  versus a total put value of  82,207,200,000 Combined total value = 82,207,200,000

Strike  650  has a total call value of 1,600,000  versus a total put value of  76,232,000,000 Combined total value = 76,233,600,000

Strike  660  has a total call value of 3,200,000  versus a total put value of  70,410,400,000 Combined total value = 70,413,600,000

Strike  670  has a total call value of 6,400,000  versus a total put value of  64,673,600,000 Combined total value = 64,680,000,000

Strike  680  has a total call value of 10,400,000  versus a total put value of  58,991,200,000 Combined total value = 59,001,600,000

Strike  690  has a total call value of 14,400,000  versus a total put value of  53,371,200,000 Combined total value = 53,385,600,000

Strike  700  has a total call value of 18,400,000  versus a total put value of  47,797,600,000 Combined total value = 47,816,000,000

Strike  710  has a total call value of 44,800,000  versus a total put value of  42,927,200,000 Combined total value = 42,972,000,000

Strike  720  has a total call value of 71,200,000  versus a total put value of  38,160,000,000 Combined total value = 38,231,200,000

Strike  730  has a total call value of 97,600,000  versus a total put value of  33,527,200,000 Combined total value = 33,624,800,000

Strike  740  has a total call value of 124,000,000  versus a total put value of  28,958,400,000 Combined total value = 29,082,400,000

Strike  750  has a total call value of 160,000,000  versus a total put value of  24,534,400,000 Combined total value = 24,694,400,000

Strike  760  has a total call value of 244,000,000  versus a total put value of  20,428,000,000 Combined total value = 20,672,000,000

Strike  770  has a total call value of 392,000,000  versus a total put value of  16,621,600,000 Combined total value = 17,013,600,000

Strike  780  has a total call value of 599,200,000  versus a total put value of  13,038,400,000 Combined total value = 13,637,600,000

Strike  790  has a total call value of 996,000,000  versus a total put value of  9,830,400,000 Combined total value = 10,826,400,000

Strike  800  has a total call value of 1,564,000,000  versus a total put value of  6,826,400,000 Combined total value = 8,390,400,000

Strike  810  has a total call value of 2,683,200,000  versus a total put value of  4,690,400,000 Combined total value = 7,373,600,000

Strike  820  has a total call value of 4,110,400,000  versus a total put value of  2,968,000,000 Combined total value = 7,078,400,000

Strike  830  has a total call value of 5,952,800,000  versus a total put value of  1,771,200,000 Combined total value = 7,724,000,000

Strike  840  has a total call value of 8,255,200,000  versus a total put value of  930,400,000 Combined total value = 9,185,600,000

Strike  850  has a total call value of 11,404,800,000  versus a total put value of  408,000,000 Combined total value = 11,812,800,000

Strike  860  has a total call value of 16,178,400,000  versus a total put value of  292,000,000 Combined total value = 16,470,400,000

Strike  870  has a total call value of 21,666,400,000  versus a total put value of  210,400,000 Combined total value = 21,876,800,000

Strike  880  has a total call value of 27,620,800,000  versus a total put value of  136,800,000 Combined total value = 27,757,600,000

Strike  890  has a total call value of 34,124,800,000  versus a total put value of  70,400,000 Combined total value = 34,195,200,000

Strike  900  has a total call value of 40,842,400,000  versus a total put value of  4,000,000 Combined total value = 40,846,400,000

Strike  910  has a total call value of 48,387,200,000  versus a total put value of  3,200,000 Combined total value = 48,390,400,000

Strike  920  has a total call value of 56,083,200,000  versus a total put value of  2,400,000 Combined total value = 56,085,600,000

Strike  930  has a total call value of 63,941,600,000  versus a total put value of  1,600,000 Combined total value = 63,943,200,000

Strike  940  has a total call value of 71,916,000,000  versus a total put value of  800,000 Combined total value = 71,916,800,000

Strike  950  has a total call value of 79,997,600,000  versus a total put value of  0 Combined total value = 79,997,600,000

Strike  960  has a total call value of 88,363,200,000  versus a total put value of  0 Combined total value = 88,363,200,000

Strike  970  has a total call value of 96,809,600,000  versus a total put value of  0 Combined total value = 96,809,600,000

Strike  980  has a total call value of 105,311,200,000  versus a total put value of  0 Combined total value = 105,311,200,000

Strike  990  has a total call value of 113,894,400,000  versus a total put value of  0 Combined total value = 113,894,400,000

Strike  1000  has a total call value of 122,531,200,000  versus a total put value of  0 Combined total value = 122,531,200,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.