VEDL
Vedanta Limited
Max pain for VEDL
16 Sep 2024 04:12 PM IST
Max Pain for VEDL is 450
Strike 330 has a total call value of 0 versus a total put value of 333,214,800,000 Combined total value = 333,214,800,000
Strike 340 has a total call value of 0 versus a total put value of 297,861,500,000 Combined total value = 297,861,500,000
Strike 350 has a total call value of 0 versus a total put value of 262,508,200,000 Combined total value = 262,508,200,000
Strike 360 has a total call value of 0 versus a total put value of 227,573,500,000 Combined total value = 227,573,500,000
Strike 370 has a total call value of 0 versus a total put value of 193,103,400,000 Combined total value = 193,103,400,000
Strike 380 has a total call value of 0 versus a total put value of 159,097,900,000 Combined total value = 159,097,900,000
Strike 390 has a total call value of 239,200,000 versus a total put value of 126,748,400,000 Combined total value = 126,987,600,000
Strike 400 has a total call value of 478,400,000 versus a total put value of 98,283,600,000 Combined total value = 98,762,000,000
Strike 410 has a total call value of 1,269,600,000 versus a total put value of 73,360,800,000 Combined total value = 74,630,400,000
Strike 420 has a total call value of 2,288,500,000 versus a total put value of 51,161,200,000 Combined total value = 53,449,700,000
Strike 430 has a total call value of 3,822,600,000 versus a total put value of 32,832,500,000 Combined total value = 36,655,100,000
Strike 440 has a total call value of 6,492,900,000 versus a total put value of 18,719,700,000 Combined total value = 25,212,600,000
Strike 450 has a total call value of 12,944,400,000 versus a total put value of 9,055,100,000 Combined total value = 21,999,500,000
Strike 460 has a total call value of 26,937,600,000 versus a total put value of 3,788,100,000 Combined total value = 30,725,700,000
Strike 470 has a total call value of 50,945,000,000 versus a total put value of 1,423,700,000 Combined total value = 52,368,700,000
Strike 480 has a total call value of 81,769,600,000 versus a total put value of 540,500,000 Combined total value = 82,310,100,000
Strike 490 has a total call value of 123,068,400,000 versus a total put value of 216,200,000 Combined total value = 123,284,600,000
Strike 500 has a total call value of 168,040,300,000 versus a total put value of 0 Combined total value = 168,040,300,000
Strike 510 has a total call value of 218,065,300,000 versus a total put value of 0 Combined total value = 218,065,300,000
Strike 520 has a total call value of 268,090,300,000 versus a total put value of 0 Combined total value = 268,090,300,000
Strike 530 has a total call value of 319,449,300,000 versus a total put value of 0 Combined total value = 319,449,300,000
Strike 540 has a total call value of 370,808,300,000 versus a total put value of 0 Combined total value = 370,808,300,000
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.