VEDL
VEDANTA LIMITED
Max pain for VEDL
02 Jul 2024 10:43 AM IST
Max Pain for VEDL is 450
Strike 370 has a total call value of 0 versus a total put value of 147,091,900,000 Combined total value = 147,091,900,000
Strike 380 has a total call value of 0 versus a total put value of 123,013,200,000 Combined total value = 123,013,200,000
Strike 389 has a total call value of 0 versus a total put value of 103,310,940,000 Combined total value = 103,310,940,000
Strike 390 has a total call value of 0 versus a total put value of 101,121,800,000 Combined total value = 101,121,800,000
Strike 400 has a total call value of 0 versus a total put value of 79,752,500,000 Combined total value = 79,752,500,000
Strike 409 has a total call value of 407,790,000 versus a total put value of 63,598,220,000 Combined total value = 64,006,010,000
Strike 410 has a total call value of 453,100,000 versus a total put value of 61,814,800,000 Combined total value = 62,267,900,000
Strike 420 has a total call value of 906,200,000 versus a total put value of 44,969,600,000 Combined total value = 45,875,800,000
Strike 430 has a total call value of 1,515,700,000 versus a total put value of 31,176,500,000 Combined total value = 32,692,200,000
Strike 439 has a total call value of 2,380,960,000 versus a total put value of 20,660,900,000 Combined total value = 23,041,860,000
Strike 440 has a total call value of 2,477,100,000 versus a total put value of 19,492,500,000 Combined total value = 21,969,600,000
Strike 450 has a total call value of 5,154,300,000 versus a total put value of 11,854,200,000 Combined total value = 17,008,500,000
Strike 460 has a total call value of 10,379,900,000 versus a total put value of 6,900,000,000 Combined total value = 17,279,900,000
Strike 469 has a total call value of 18,252,110,000 versus a total put value of 3,999,930,000 Combined total value = 22,252,040,000
Strike 470 has a total call value of 19,181,770,000 versus a total put value of 3,677,700,000 Combined total value = 22,859,470,000
Strike 479 has a total call value of 30,885,550,000 versus a total put value of 2,013,420,000 Combined total value = 32,898,970,000
Strike 480 has a total call value of 32,224,150,000 versus a total put value of 1,828,500,000 Combined total value = 34,052,650,000
Strike 489 has a total call value of 47,169,550,000 versus a total put value of 936,330,000 Combined total value = 48,105,880,000
Strike 490 has a total call value of 48,858,440,000 versus a total put value of 837,200,000 Combined total value = 49,695,640,000
Strike 500 has a total call value of 67,016,940,000 versus a total put value of 128,800,000 Combined total value = 67,145,740,000
Strike 509 has a total call value of 88,826,460,000 versus a total put value of 66,700,000 Combined total value = 88,893,160,000
Strike 510 has a total call value of 91,283,550,000 versus a total put value of 59,800,000 Combined total value = 91,343,350,000
Strike 520 has a total call value of 116,728,450,000 versus a total put value of 4,600,000 Combined total value = 116,733,050,000
Strike 529 has a total call value of 141,268,300,000 versus a total put value of 460,000 Combined total value = 141,268,760,000
Strike 530 has a total call value of 144,022,780,000 versus a total put value of 0 Combined total value = 144,022,780,000
Strike 540 has a total call value of 172,101,180,000 versus a total put value of 0 Combined total value = 172,101,180,000
Strike 549 has a total call value of 198,044,490,000 versus a total put value of 0 Combined total value = 198,044,490,000
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.