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TATACHEM
TATA CHEMICALS LTD

1119.75 -16.80 (-1.48%)


Strike  850  has a total call value of 0  versus a total put value of  63,468,350,000 Combined total value = 63,468,350,000

Strike  860  has a total call value of 0  versus a total put value of  60,750,800,000 Combined total value = 60,750,800,000

Strike  870  has a total call value of 0  versus a total put value of  58,033,250,000 Combined total value = 58,033,250,000

Strike  880  has a total call value of 0  versus a total put value of  55,315,700,000 Combined total value = 55,315,700,000

Strike  890  has a total call value of 6,600,000  versus a total put value of  52,598,150,000 Combined total value = 52,604,750,000

Strike  900  has a total call value of 13,750,000  versus a total put value of  49,880,600,000 Combined total value = 49,894,350,000

Strike  910  has a total call value of 39,050,000  versus a total put value of  47,163,050,000 Combined total value = 47,202,100,000

Strike  920  has a total call value of 66,000,000  versus a total put value of  44,445,500,000 Combined total value = 44,511,500,000

Strike  930  has a total call value of 96,250,000  versus a total put value of  41,727,950,000 Combined total value = 41,824,200,000

Strike  940  has a total call value of 133,100,000  versus a total put value of  39,050,000,000 Combined total value = 39,183,100,000

Strike  950  has a total call value of 194,700,000  versus a total put value of  36,372,050,000 Combined total value = 36,566,750,000

Strike  960  has a total call value of 256,300,000  versus a total put value of  33,866,800,000 Combined total value = 34,123,100,000

Strike  970  has a total call value of 317,900,000  versus a total put value of  31,417,100,000 Combined total value = 31,735,000,000

Strike  980  has a total call value of 379,500,000  versus a total put value of  29,032,850,000 Combined total value = 29,412,350,000

Strike  990  has a total call value of 441,100,000  versus a total put value of  26,648,600,000 Combined total value = 27,089,700,000

Strike  1000  has a total call value of 521,400,000  versus a total put value of  24,264,350,000 Combined total value = 24,785,750,000

Strike  1010  has a total call value of 832,700,000  versus a total put value of  22,466,400,000 Combined total value = 23,299,100,000

Strike  1020  has a total call value of 1,179,200,000  versus a total put value of  20,668,450,000 Combined total value = 21,847,650,000

Strike  1030  has a total call value of 1,604,900,000  versus a total put value of  19,030,550,000 Combined total value = 20,635,450,000

Strike  1040  has a total call value of 2,030,600,000  versus a total put value of  17,392,650,000 Combined total value = 19,423,250,000

Strike  1050  has a total call value of 2,456,300,000  versus a total put value of  15,754,750,000 Combined total value = 18,211,050,000

Strike  1060  has a total call value of 3,056,350,000  versus a total put value of  14,408,350,000 Combined total value = 17,464,700,000

Strike  1070  has a total call value of 3,656,400,000  versus a total put value of  13,061,950,000 Combined total value = 16,718,350,000

Strike  1080  has a total call value of 4,256,450,000  versus a total put value of  11,715,550,000 Combined total value = 15,972,000,000

Strike  1090  has a total call value of 4,856,500,000  versus a total put value of  10,369,150,000 Combined total value = 15,225,650,000

Strike  1100  has a total call value of 5,456,550,000  versus a total put value of  9,022,750,000 Combined total value = 14,479,300,000

Strike  1110  has a total call value of 6,056,600,000  versus a total put value of  8,116,900,000 Combined total value = 14,173,500,000

Strike  1120  has a total call value of 6,656,650,000  versus a total put value of  7,211,050,000 Combined total value = 13,867,700,000

Strike  1130  has a total call value of 7,256,700,000  versus a total put value of  6,400,900,000 Combined total value = 13,657,600,000

Strike  1140  has a total call value of 7,915,600,000  versus a total put value of  5,590,750,000 Combined total value = 13,506,350,000

Strike  1150  has a total call value of 8,574,500,000  versus a total put value of  4,780,600,000 Combined total value = 13,355,100,000

Strike  1160  has a total call value of 9,430,850,000  versus a total put value of  4,196,500,000 Combined total value = 13,627,350,000

Strike  1170  has a total call value of 10,428,000,000  versus a total put value of  3,612,400,000 Combined total value = 14,040,400,000

Strike  1180  has a total call value of 11,487,850,000  versus a total put value of  3,028,300,000 Combined total value = 14,516,150,000

Strike  1190  has a total call value of 12,671,450,000  versus a total put value of  2,444,200,000 Combined total value = 15,115,650,000

Strike  1200  has a total call value of 13,855,050,000  versus a total put value of  1,860,100,000 Combined total value = 15,715,150,000

Strike  1210  has a total call value of 15,434,100,000  versus a total put value of  1,658,800,000 Combined total value = 17,092,900,000

Strike  1220  has a total call value of 17,013,150,000  versus a total put value of  1,457,500,000 Combined total value = 18,470,650,000

Strike  1230  has a total call value of 18,592,200,000  versus a total put value of  1,256,200,000 Combined total value = 19,848,400,000

Strike  1240  has a total call value of 20,171,250,000  versus a total put value of  1,113,750,000 Combined total value = 21,285,000,000

Strike  1250  has a total call value of 21,750,300,000  versus a total put value of  971,300,000 Combined total value = 22,721,600,000

Strike  1260  has a total call value of 23,537,800,000  versus a total put value of  828,850,000 Combined total value = 24,366,650,000

Strike  1270  has a total call value of 25,400,100,000  versus a total put value of  686,400,000 Combined total value = 26,086,500,000

Strike  1280  has a total call value of 27,262,400,000  versus a total put value of  543,950,000 Combined total value = 27,806,350,000

Strike  1290  has a total call value of 29,124,700,000  versus a total put value of  487,850,000 Combined total value = 29,612,550,000

Strike  1300  has a total call value of 31,095,350,000  versus a total put value of  431,750,000 Combined total value = 31,527,100,000

Strike  1310  has a total call value of 33,922,900,000  versus a total put value of  375,650,000 Combined total value = 34,298,550,000

Strike  1320  has a total call value of 36,865,400,000  versus a total put value of  319,550,000 Combined total value = 37,184,950,000

Strike  1330  has a total call value of 39,807,900,000  versus a total put value of  263,450,000 Combined total value = 40,071,350,000

Strike  1340  has a total call value of 43,010,000,000  versus a total put value of  212,850,000 Combined total value = 43,222,850,000

Strike  1350  has a total call value of 46,806,100,000  versus a total put value of  162,250,000 Combined total value = 46,968,350,000

Strike  1360  has a total call value of 51,169,800,000  versus a total put value of  129,800,000 Combined total value = 51,299,600,000

Strike  1370  has a total call value of 55,657,800,000  versus a total put value of  97,350,000 Combined total value = 55,755,150,000

Strike  1380  has a total call value of 60,198,600,000  versus a total put value of  64,900,000 Combined total value = 60,263,500,000

Strike  1390  has a total call value of 64,807,600,000  versus a total put value of  32,450,000 Combined total value = 64,840,050,000

Strike  1400  has a total call value of 69,416,600,000  versus a total put value of  0 Combined total value = 69,416,600,000

Strike  1410  has a total call value of 74,481,550,000  versus a total put value of  0 Combined total value = 74,481,550,000

Strike  1420  has a total call value of 79,546,500,000  versus a total put value of  0 Combined total value = 79,546,500,000

Strike  1430  has a total call value of 84,611,450,000  versus a total put value of  0 Combined total value = 84,611,450,000

Strike  1440  has a total call value of 89,676,400,000  versus a total put value of  0 Combined total value = 89,676,400,000

Strike  1450  has a total call value of 94,832,650,000  versus a total put value of  0 Combined total value = 94,832,650,000

Strike  1460  has a total call value of 100,146,750,000  versus a total put value of  0 Combined total value = 100,146,750,000

Strike  1470  has a total call value of 105,546,650,000  versus a total put value of  0 Combined total value = 105,546,650,000

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.