ADANIPORTS
ADANI PORT & SEZ LTD
Max pain for ADANIPORTS
04 Jul 2024 12:20 PM IST
Max Pain for ADANIPORTS is 1480
Strike 1000 has a total call value of 0 versus a total put value of 318,420,800,000 Combined total value = 318,420,800,000
Strike 1020 has a total call value of 0 versus a total put value of 301,707,200,000 Combined total value = 301,707,200,000
Strike 1040 has a total call value of 0 versus a total put value of 284,993,600,000 Combined total value = 284,993,600,000
Strike 1060 has a total call value of 0 versus a total put value of 268,280,000,000 Combined total value = 268,280,000,000
Strike 1080 has a total call value of 0 versus a total put value of 251,566,400,000 Combined total value = 251,566,400,000
Strike 1100 has a total call value of 0 versus a total put value of 234,852,800,000 Combined total value = 234,852,800,000
Strike 1120 has a total call value of 0 versus a total put value of 218,262,400,000 Combined total value = 218,262,400,000
Strike 1140 has a total call value of 0 versus a total put value of 201,768,000,000 Combined total value = 201,768,000,000
Strike 1160 has a total call value of 0 versus a total put value of 185,273,600,000 Combined total value = 185,273,600,000
Strike 1180 has a total call value of 0 versus a total put value of 168,779,200,000 Combined total value = 168,779,200,000
Strike 1200 has a total call value of 0 versus a total put value of 152,284,800,000 Combined total value = 152,284,800,000
Strike 1220 has a total call value of 0 versus a total put value of 138,660,800,000 Combined total value = 138,660,800,000
Strike 1240 has a total call value of 0 versus a total put value of 125,079,200,000 Combined total value = 125,079,200,000
Strike 1260 has a total call value of 0 versus a total put value of 111,674,400,000 Combined total value = 111,674,400,000
Strike 1280 has a total call value of 0 versus a total put value of 98,380,800,000 Combined total value = 98,380,800,000
Strike 1300 has a total call value of 0 versus a total put value of 85,153,600,000 Combined total value = 85,153,600,000
Strike 1320 has a total call value of 195,200,000 versus a total put value of 73,800,000,000 Combined total value = 73,995,200,000
Strike 1340 has a total call value of 390,400,000 versus a total put value of 62,704,000,000 Combined total value = 63,094,400,000
Strike 1360 has a total call value of 585,600,000 versus a total put value of 51,796,000,000 Combined total value = 52,381,600,000
Strike 1380 has a total call value of 780,800,000 versus a total put value of 41,792,000,000 Combined total value = 42,572,800,000
Strike 1400 has a total call value of 1,064,000,000 versus a total put value of 32,537,600,000 Combined total value = 33,601,600,000
Strike 1420 has a total call value of 2,106,400,000 versus a total put value of 26,262,400,000 Combined total value = 28,368,800,000
Strike 1440 has a total call value of 3,186,400,000 versus a total put value of 20,418,400,000 Combined total value = 23,604,800,000
Strike 1460 has a total call value of 4,991,200,000 versus a total put value of 15,114,400,000 Combined total value = 20,105,600,000
Strike 1480 has a total call value of 7,477,600,000 versus a total put value of 10,499,200,000 Combined total value = 17,976,800,000
Strike 1500 has a total call value of 11,185,600,000 versus a total put value of 6,876,000,000 Combined total value = 18,061,600,000
Strike 1520 has a total call value of 19,356,000,000 versus a total put value of 5,300,800,000 Combined total value = 24,656,800,000
Strike 1540 has a total call value of 29,323,200,000 versus a total put value of 4,036,800,000 Combined total value = 33,360,000,000
Strike 1560 has a total call value of 40,184,000,000 versus a total put value of 2,943,200,000 Combined total value = 43,127,200,000
Strike 1580 has a total call value of 52,468,000,000 versus a total put value of 2,001,600,000 Combined total value = 54,469,600,000
Strike 1600 has a total call value of 65,718,400,000 versus a total put value of 1,140,800,000 Combined total value = 66,859,200,000
Strike 1620 has a total call value of 83,671,200,000 versus a total put value of 600,800,000 Combined total value = 84,272,000,000
Strike 1640 has a total call value of 101,881,600,000 versus a total put value of 72,800,000 Combined total value = 101,954,400,000
Strike 1660 has a total call value of 121,212,800,000 versus a total put value of 13,600,000 Combined total value = 121,226,400,000
Strike 1680 has a total call value of 140,933,600,000 versus a total put value of 0 Combined total value = 140,933,600,000
Strike 1700 has a total call value of 160,874,400,000 versus a total put value of 0 Combined total value = 160,874,400,000
Strike 1720 has a total call value of 181,894,400,000 versus a total put value of 0 Combined total value = 181,894,400,000
Strike 1740 has a total call value of 202,987,200,000 versus a total put value of 0 Combined total value = 202,987,200,000
Strike 1760 has a total call value of 224,200,000,000 versus a total put value of 0 Combined total value = 224,200,000,000
Strike 1780 has a total call value of 245,627,200,000 versus a total put value of 0 Combined total value = 245,627,200,000
Strike 1800 has a total call value of 267,054,400,000 versus a total put value of 0 Combined total value = 267,054,400,000
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.