TATACONSUM
TATA CONSUMER PRODUCT LTD
Max pain for TATACONSUM
26 Jul 2024 04:12 PM IST
Max Pain for TATACONSUM is 1205
Strike 928.45 has a total call value of 0 versus a total put value of 72,459,403,200 Combined total value = 72,459,403,200
Strike 938.35 has a total call value of 0 versus a total put value of 69,652,349,280 Combined total value = 69,652,349,280
Strike 948.2 has a total call value of 0 versus a total put value of 66,859,472,400 Combined total value = 66,859,472,400
Strike 958.1 has a total call value of 0 versus a total put value of 64,052,418,480 Combined total value = 64,052,418,480
Strike 967.95 has a total call value of 0 versus a total put value of 61,259,541,600 Combined total value = 61,259,541,600
Strike 977.85 has a total call value of 0 versus a total put value of 58,452,487,680 Combined total value = 58,452,487,680
Strike 987.7 has a total call value of 0 versus a total put value of 55,659,610,800 Combined total value = 55,659,610,800
Strike 997.6 has a total call value of 0 versus a total put value of 52,852,556,880 Combined total value = 52,852,556,880
Strike 1007.5 has a total call value of 0 versus a total put value of 50,045,502,960 Combined total value = 50,045,502,960
Strike 1017.35 has a total call value of 0 versus a total put value of 47,252,626,080 Combined total value = 47,252,626,080
Strike 1027.25 has a total call value of 0 versus a total put value of 44,445,572,160 Combined total value = 44,445,572,160
Strike 1037.1 has a total call value of 0 versus a total put value of 41,652,695,280 Combined total value = 41,652,695,280
Strike 1047 has a total call value of 0 versus a total put value of 38,845,641,360 Combined total value = 38,845,641,360
Strike 1056.85 has a total call value of 0 versus a total put value of 36,052,764,480 Combined total value = 36,052,764,480
Strike 1066.75 has a total call value of 0 versus a total put value of 33,245,710,560 Combined total value = 33,245,710,560
Strike 1076.6 has a total call value of 0 versus a total put value of 30,452,833,680 Combined total value = 30,452,833,680
Strike 1086.5 has a total call value of 0 versus a total put value of 27,645,779,760 Combined total value = 27,645,779,760
Strike 1096.35 has a total call value of 70,518,120 versus a total put value of 24,969,235,320 Combined total value = 25,039,753,440
Strike 1106.25 has a total call value of 141,394,200 versus a total put value of 22,279,104,360 Combined total value = 22,420,498,560
Strike 1116.15 has a total call value of 212,270,280 versus a total put value of 19,602,065,160 Combined total value = 19,814,335,440
Strike 1126 has a total call value of 282,788,400 versus a total put value of 16,938,546,360 Combined total value = 17,221,334,760
Strike 1135.9 has a total call value of 355,921,680 versus a total put value of 14,344,120,680 Combined total value = 14,700,042,360
Strike 1145.75 has a total call value of 496,508,760 versus a total put value of 11,924,944,920 Combined total value = 12,421,453,680
Strike 1155.65 has a total call value of 637,809,480 versus a total put value of 9,554,433,480 Combined total value = 10,192,242,960
Strike 1165.5 has a total call value of 782,888,160 versus a total put value of 7,308,633,480 Combined total value = 8,091,521,640
Strike 1175.4 has a total call value of 944,503,680 versus a total put value of 5,332,680,600 Combined total value = 6,277,184,280
Strike 1185.25 has a total call value of 1,120,574,400 versus a total put value of 3,617,787,720 Combined total value = 4,738,362,120
Strike 1195.15 has a total call value of 1,418,073,360 versus a total put value of 2,282,428,200 Combined total value = 3,700,501,560
Strike 1205 has a total call value of 1,771,113,120 versus a total put value of 1,005,466,320 Combined total value = 2,776,579,440
Strike 1214.9 has a total call value of 2,614,403,040 versus a total put value of 172,559,520 Combined total value = 2,786,962,560
Strike 1224.8 has a total call value of 3,768,283,680 versus a total put value of 104,843,520 Combined total value = 3,873,127,200
Strike 1234.65 has a total call value of 5,111,272,080 versus a total put value of 37,469,520 Combined total value = 5,148,741,600
Strike 1244.55 has a total call value of 6,854,281,920 versus a total put value of 0 Combined total value = 6,854,281,920
Strike 1254.4 has a total call value of 8,774,890,080 versus a total put value of 0 Combined total value = 8,774,890,080
Strike 1264.3 has a total call value of 10,942,253,520 versus a total put value of 0 Combined total value = 10,942,253,520
Strike 1274.15 has a total call value of 13,268,004,000 versus a total put value of 0 Combined total value = 13,268,004,000
Strike 1284.05 has a total call value of 15,628,583,760 versus a total put value of 0 Combined total value = 15,628,583,760
Strike 1293.9 has a total call value of 18,277,280,280 versus a total put value of 0 Combined total value = 18,277,280,280
Strike 1303.8 has a total call value of 20,939,421,960 versus a total put value of 0 Combined total value = 20,939,421,960
Strike 1313.65 has a total call value of 23,807,757,720 versus a total put value of 0 Combined total value = 23,807,757,720
Strike 1323.55 has a total call value of 26,690,653,560 versus a total put value of 0 Combined total value = 26,690,653,560
Strike 1333.45 has a total call value of 29,639,459,640 versus a total put value of 0 Combined total value = 29,639,459,640
Strike 1343.3 has a total call value of 32,596,729,080 versus a total put value of 0 Combined total value = 32,596,729,080
Strike 1353.2 has a total call value of 35,634,468,840 versus a total put value of 0 Combined total value = 35,634,468,840
Strike 1363.05 has a total call value of 38,676,629,520 versus a total put value of 0 Combined total value = 38,676,629,520
Strike 1372.95 has a total call value of 41,734,232,640 versus a total put value of 0 Combined total value = 41,734,232,640
Strike 1382.8 has a total call value of 44,776,393,320 versus a total put value of 0 Combined total value = 44,776,393,320
Strike 1392.7 has a total call value of 47,873,271,720 versus a total put value of 0 Combined total value = 47,873,271,720
Strike 1402.55 has a total call value of 50,954,509,320 versus a total put value of 0 Combined total value = 50,954,509,320
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.