VEDL
Vedanta Limited
Max pain for VEDL
06 Sep 2024 04:12 PM IST
Max Pain for VEDL is 460
Strike 350 has a total call value of 0 versus a total put value of 235,448,700,000 Combined total value = 235,448,700,000
Strike 360 has a total call value of 0 versus a total put value of 210,353,400,000 Combined total value = 210,353,400,000
Strike 370 has a total call value of 0 versus a total put value of 185,258,100,000 Combined total value = 185,258,100,000
Strike 380 has a total call value of 0 versus a total put value of 160,487,100,000 Combined total value = 160,487,100,000
Strike 390 has a total call value of 0 versus a total put value of 136,065,700,000 Combined total value = 136,065,700,000
Strike 400 has a total call value of 0 versus a total put value of 111,947,900,000 Combined total value = 111,947,900,000
Strike 410 has a total call value of 455,400,000 versus a total put value of 89,499,900,000 Combined total value = 89,955,300,000
Strike 420 has a total call value of 936,100,000 versus a total put value of 68,172,000,000 Combined total value = 69,108,100,000
Strike 430 has a total call value of 1,994,100,000 versus a total put value of 49,979,000,000 Combined total value = 51,973,100,000
Strike 440 has a total call value of 3,316,600,000 versus a total put value of 34,214,800,000 Combined total value = 37,531,400,000
Strike 450 has a total call value of 5,586,700,000 versus a total put value of 20,810,400,000 Combined total value = 26,397,100,000
Strike 460 has a total call value of 10,037,200,000 versus a total put value of 10,920,400,000 Combined total value = 20,957,600,000
Strike 470 has a total call value of 19,598,300,000 versus a total put value of 5,699,400,000 Combined total value = 25,297,700,000
Strike 480 has a total call value of 36,234,200,000 versus a total put value of 3,335,000,000 Combined total value = 39,569,200,000
Strike 490 has a total call value of 58,774,200,000 versus a total put value of 1,830,800,000 Combined total value = 60,605,000,000
Strike 500 has a total call value of 83,759,100,000 versus a total put value of 630,200,000 Combined total value = 84,389,300,000
Strike 510 has a total call value of 115,855,600,000 versus a total put value of 262,200,000 Combined total value = 116,117,800,000
Strike 520 has a total call value of 149,327,500,000 versus a total put value of 0 Combined total value = 149,327,500,000
Strike 530 has a total call value of 185,950,400,000 versus a total put value of 0 Combined total value = 185,950,400,000
Strike 540 has a total call value of 222,573,300,000 versus a total put value of 0 Combined total value = 222,573,300,000
Strike 550 has a total call value of 259,196,200,000 versus a total put value of 0 Combined total value = 259,196,200,000
Strike 560 has a total call value of 295,819,100,000 versus a total put value of 0 Combined total value = 295,819,100,000
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.