TATACONSUM
Tata Consumer Product Ltd
Max pain for TATACONSUM
21 Nov 2024 02:13 PM IST
Max Pain for TATACONSUM is 950
Strike 820 has a total call value of 0 versus a total put value of 32,599,896,000 Combined total value = 32,599,896,000
Strike 830 has a total call value of 0 versus a total put value of 29,801,424,000 Combined total value = 29,801,424,000
Strike 840 has a total call value of 0 versus a total put value of 27,002,952,000 Combined total value = 27,002,952,000
Strike 850 has a total call value of 0 versus a total put value of 24,227,736,000 Combined total value = 24,227,736,000
Strike 860 has a total call value of 0 versus a total put value of 21,641,304,000 Combined total value = 21,641,304,000
Strike 870 has a total call value of 0 versus a total put value of 19,144,704,000 Combined total value = 19,144,704,000
Strike 880 has a total call value of 0 versus a total put value of 16,732,920,000 Combined total value = 16,732,920,000
Strike 890 has a total call value of 8,664,000 versus a total put value of 14,407,320,000 Combined total value = 14,415,984,000
Strike 900 has a total call value of 34,200,000 versus a total put value of 12,251,352,000 Combined total value = 12,285,552,000
Strike 910 has a total call value of 125,856,000 versus a total put value of 10,601,088,000 Combined total value = 10,726,944,000
Strike 920 has a total call value of 289,104,000 versus a total put value of 9,035,640,000 Combined total value = 9,324,744,000
Strike 930 has a total call value of 690,384,000 versus a total put value of 7,635,720,000 Combined total value = 8,326,104,000
Strike 940 has a total call value of 1,374,840,000 versus a total put value of 6,379,440,000 Combined total value = 7,754,280,000
Strike 950 has a total call value of 2,278,176,000 versus a total put value of 5,271,360,000 Combined total value = 7,549,536,000
Strike 960 has a total call value of 3,543,576,000 versus a total put value of 4,472,448,000 Combined total value = 8,016,024,000
Strike 970 has a total call value of 5,082,576,000 versus a total put value of 3,755,160,000 Combined total value = 8,837,736,000
Strike 980 has a total call value of 6,723,264,000 versus a total put value of 3,104,904,000 Combined total value = 9,828,168,000
Strike 990 has a total call value of 8,593,776,000 versus a total put value of 2,547,672,000 Combined total value = 11,141,448,000
Strike 1000 has a total call value of 10,653,072,000 versus a total put value of 2,076,168,000 Combined total value = 12,729,240,000
Strike 1010 has a total call value of 13,488,480,000 versus a total put value of 1,783,416,000 Combined total value = 15,271,896,000
Strike 1020 has a total call value of 16,527,720,000 versus a total put value of 1,490,664,000 Combined total value = 18,018,384,000
Strike 1030 has a total call value of 19,822,320,000 versus a total put value of 1,263,576,000 Combined total value = 21,085,896,000
Strike 1040 has a total call value of 23,243,232,000 versus a total put value of 1,036,488,000 Combined total value = 24,279,720,000
Strike 1050 has a total call value of 26,968,752,000 versus a total put value of 809,400,000 Combined total value = 27,778,152,000
Strike 1060 has a total call value of 31,001,616,000 versus a total put value of 733,248,000 Combined total value = 31,734,864,000
Strike 1070 has a total call value of 35,116,104,000 versus a total put value of 657,096,000 Combined total value = 35,773,200,000
Strike 1080 has a total call value of 39,298,536,000 versus a total put value of 580,944,000 Combined total value = 39,879,480,000
Strike 1090 has a total call value of 43,586,760,000 versus a total put value of 529,416,000 Combined total value = 44,116,176,000
Strike 1100 has a total call value of 47,937,000,000 versus a total put value of 477,888,000 Combined total value = 48,414,888,000
Strike 1110 has a total call value of 53,396,688,000 versus a total put value of 426,360,000 Combined total value = 53,823,048,000
Strike 1120 has a total call value of 58,942,104,000 versus a total put value of 374,832,000 Combined total value = 59,316,936,000
Strike 1130 has a total call value of 64,608,360,000 versus a total put value of 323,304,000 Combined total value = 64,931,664,000
Strike 1140 has a total call value of 70,274,616,000 versus a total put value of 271,776,000 Combined total value = 70,546,392,000
Strike 1150 has a total call value of 75,958,200,000 versus a total put value of 220,248,000 Combined total value = 76,178,448,000
Strike 1160 has a total call value of 81,784,512,000 versus a total put value of 168,720,000 Combined total value = 81,953,232,000
Strike 1170 has a total call value of 87,610,824,000 versus a total put value of 127,224,000 Combined total value = 87,738,048,000
Strike 1180 has a total call value of 93,437,136,000 versus a total put value of 85,728,000 Combined total value = 93,522,864,000
Strike 1190 has a total call value of 99,263,448,000 versus a total put value of 44,232,000 Combined total value = 99,307,680,000
Strike 1200 has a total call value of 105,089,760,000 versus a total put value of 2,736,000 Combined total value = 105,092,496,000
Strike 1210 has a total call value of 111,073,392,000 versus a total put value of 456,000 Combined total value = 111,073,848,000
Strike 1220 has a total call value of 117,059,304,000 versus a total put value of 0 Combined total value = 117,059,304,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.85 | 470 |
| ABB | 6761.3 | 7000 |
| ABBOTINDIA | 27000 | 28000 |
| ABCAPITAL | 183.87 | 200 |
| ABFRL | 285 | 300 |
| ACC | 2046.95 | 2220 |
| ADANIENT | 2304 | 2640 |
| ADANIPORTS | 1138 | 1200 |
| ALKEM | 5591.75 | 5500 |
| AMBUJACEM | 497.7 | 540 |
| APOLLOHOSP | 6724.4 | 6900 |
| APOLLOTYRE | 484.3 | 480 |
| ASHOKLEY | 217.85 | 220 |
| ASIANPAINT | 2428.65 | 2540 |
| ASTRAL | 1713 | 1780 |
| ATUL | 7257.85 | 7500 |
| AUBANK | 593.85 | 590 |
| AUROPHARMA | 1219.55 | 1300 |
| AXISBANK | 1140.35 | 1150 |
| BAJAJ-AUTO | 9489.75 | 9700 |
| BAJAJFINSV | 1572 | 1620 |
| BAJFINANCE | 6476.45 | 6700 |
| BALKRISIND | 2742 | 2800 |
| BANDHANBNK | 166.78 | 177.5 |
| BANKBARODA | 229.75 | 240 |
| BATAINDIA | 1281.4 | 1310 |
| BEL | 275.15 | 285 |
| BERGEPAINT | 467.05 | 495 |
| BHARATFORG | 1298.65 | 1340 |
| BHARTIARTL | 1521 | 1540 |
| BHEL | 228.1 | 235 |
| BIOCON | 324.6 | 330 |
| BOSCHLTD | 34076.55 | 34000 |
| BPCL | 282.5 | 300 |
| BRITANNIA | 4772.8 | 5000 |
| BSOFT | 545.3 | 560 |
| CANBK | 94.9 | 100 |
| CANFINHOME | 821.7 | 830 |
| CHAMBLFERT | 460.25 | 480 |
| CHOLAFIN | 1210.5 | 1240 |
| CIPLA | 1458.85 | 1520 |
| COALINDIA | 405.7 | 425 |
| COFORGE | 8208.75 | 8000 |
| COLPAL | 2687.85 | 2800 |
| CONCOR | 768.8 | 810 |
| COROMANDEL | 1779.15 | 1720 |
| CROMPTON | 381.75 | 390 |
| CUB | 170.46 | 175 |
| CUMMINSIND | 3291.85 | 3400 |
| DABUR | 503.85 | 525 |
| DALBHARAT | 1780.95 | 1760 |
| DEEPAKNTR | 2626 | 2650 |
| DIVISLAB | 5952.9 | 5900 |
| DIXON | 15060.6 | 14750 |
| DLF | 777.9 | 780 |
| DRREDDY | 1193.1 | 1220 |
| EICHERMOT | 4902.3 | 4900 |
| ESCORTS | 3457.15 | 3600 |
| EXIDEIND | 416.5 | 440 |
| FEDERALBNK | 210.67 | 205 |
| GAIL | 188.99 | 197.5 |
| GLENMARK | 1465.1 | 1520 |
| GMRINFRA | 77.08 | 82 |
| GNFC | 557.7 | 570 |
| GODREJCP | 1180.35 | 1200 |
| GODREJPROP | 2713.25 | 2750 |
| GRANULES | 546.55 | 580 |
| GRASIM | 2549 | 2540 |
| GUJGASLTD | 454.15 | 480 |
| HAL | 3995.7 | 4200 |
| HAVELLS | 1634.4 | 1640 |
| HCLTECH | 1832.65 | 1820 |
| HDFCAMC | 4211.95 | 4300 |
| HDFCBANK | 1741.85 | 1740 |
| HDFCLIFE | 673.85 | 680 |
| HEROMOTOCO | 4757.8 | 4800 |
| HINDALCO | 646.75 | 650 |
| HINDCOPPER | 263.4 | 290 |
| HINDPETRO | 360.75 | 375 |
| HINDUNILVR | 2379.5 | 2480 |
| ICICIBANK | 1252.6 | 1260 |
| ICICIGI | 1816.1 | 1880 |
| ICICIPRULI | 679.9 | 690 |
| IDEA | 6.98 | 8 |
| IDFCFIRSTB | 63.2 | 66 |
| IEX | 161.5 | 170 |
| IGL | 312.1 | 330 |
| INDHOTEL | 790.9 | 760 |
| INDIAMART | 2251 | 2400 |
| INDIGO | 4062.6 | 4000 |
| INDUSINDBK | 974.15 | 1040 |
| INDUSTOWER | 330.4 | 340 |
| INFY | 1828.6 | 1800 |
| IOC | 131.2 | 140 |
| IPCALAB | 1569.45 | 1560 |
| IRCTC | 796.95 | 820 |
| ITC | 456 | 475 |
| JINDALSTEL | 874.75 | 900 |
| JKCEMENT | 4012.45 | 4000 |
| JSWSTEEL | 944.9 | 960 |
| JUBLFOOD | 610.45 | 620 |
| KOTAKBANK | 1735.75 | 1760 |
| LALPATHLAB | 3022.05 | 3100 |
| LAURUSLABS | 488.7 | 490 |
| LICHSGFIN | 612.3 | 630 |
| LT | 3491.35 | 3600 |
| LTF | 138.06 | 140 |
| LTIM | 5918.45 | 5900 |
| LTTS | 5177 | 5150 |
| LUPIN | 2039.7 | 2100 |
| M&M | 2943.3 | 2900 |
| M&MFIN | 257.2 | 265 |
| MANAPPURAM | 150.91 | 155 |
| MARICO | 590.7 | 600 |
| MARUTI | 10907.6 | 11000 |
| MCX | 6183.45 | 6200 |
| METROPOLIS | 2011.35 | 2060 |
| MFSL | 1175.9 | 1200 |
| MGL | 1119.3 | 1160 |
| MOTHERSON | 161.83 | 175 |
| MPHASIS | 2778.95 | 2850 |
| MRF | 123168.8 | 122500 |
| MUTHOOTFIN | 1908 | 1880 |
| NATIONALUM | 248.59 | 240 |
| NAUKRI | 7536.75 | 7700 |
| NAVINFLUOR | 3268.05 | 3400 |
| NESTLEIND | 2205.5 | 2280 |
| NMDC | 218.68 | 225 |
| NTPC | 355.9 | 370 |
| OBEROIRLTY | 1934.4 | 1960 |
| OFSS | 11144.9 | 11500 |
| ONGC | 242.2 | 250 |
| PAGEIND | 44550.9 | 45500 |
| PEL | 1053.2 | 1060 |
| PERSISTENT | 5729 | 5600 |
| PETRONET | 320.8 | 328 |
| PFC | 452.95 | 460 |
| PIDILITIND | 2945 | 3060 |
| PIIND | 4132.55 | 4200 |
| PNB | 96.93 | 102 |
| POLYCAB | 6426.95 | 6500 |
| POWERGRID | 322.3 | 320 |
| PVRINOX | 1444.8 | 1500 |
| RAMCOCEM | 916.45 | 900 |
| RBLBANK | 157.9 | 160 |
| RECLTD | 489.95 | 510 |
| RELIANCE | 1220.3 | 1290 |
| SAIL | 111.37 | 117.5 |
| SBICARD | 674.6 | 690 |
| SBILIFE | 1482.65 | 1520 |
| SBIN | 780.85 | 800 |
| SHREECEM | 24220.2 | 24500 |
| SHRIRAMFIN | 2804.55 | 2900 |
| SIEMENS | 6680 | 6800 |
| SRF | 2156.6 | 2260 |
| SUNPHARMA | 1766 | 1800 |
| SUNTV | 729.45 | 730 |
| SYNGENE | 844.75 | 870 |
| TATACHEM | 1057.5 | 1100 |
| TATACOMM | 1711.5 | 1780 |
| TATACONSUM | 912.2 | 950 |
| TATAMOTORS | 778 | 800 |
| TATAPOWER | 410.65 | 420 |
| TATASTEEL | 140.46 | 145 |
| TCS | 4057.3 | 4100 |
| TECHM | 1698.75 | 1680 |
| TITAN | 3168 | 3200 |
| TORNTPHARM | 3094.3 | 3150 |
| TRENT | 6457.5 | 6600 |
| TVSMOTOR | 2399.3 | 2450 |
| UBL | 1819.6 | 1880 |
| ULTRACEMCO | 10948.35 | 11000 |
| UNITDSPR | 1491.3 | 1480 |
| UPL | 563.3 | 540 |
| VEDL | 443.35 | 460 |
| VOLTAS | 1671.9 | 1700 |
| WIPRO | 556.95 | 560 |
| ZYDUSLIFE | 942.2 | 960 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
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.
