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TATACONSUM

Tata Consumer Product Ltd
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Max Pain - TATACONSUM
17 Dec 2025 09:21 AM IST
Live


Strike  1000  has a total call value of 0  versus a total put value of  36,267,000,000 Combined total value = 36,267,000,000

Strike  1010  has a total call value of 2,200,000  versus a total put value of  33,435,600,000 Combined total value = 33,437,800,000

Strike  1020  has a total call value of 4,400,000  versus a total put value of  30,604,200,000 Combined total value = 30,608,600,000

Strike  1030  has a total call value of 6,600,000  versus a total put value of  27,817,350,000 Combined total value = 27,823,950,000

Strike  1040  has a total call value of 8,800,000  versus a total put value of  25,031,600,000 Combined total value = 25,040,400,000

Strike  1050  has a total call value of 11,000,000  versus a total put value of  22,272,800,000 Combined total value = 22,283,800,000

Strike  1060  has a total call value of 13,200,000  versus a total put value of  19,693,850,000 Combined total value = 19,707,050,000

Strike  1070  has a total call value of 15,400,000  versus a total put value of  17,180,900,000 Combined total value = 17,196,300,000

Strike  1080  has a total call value of 17,600,000  versus a total put value of  15,042,500,000 Combined total value = 15,060,100,000

Strike  1090  has a total call value of 22,550,000  versus a total put value of  13,048,750,000 Combined total value = 13,071,300,000

Strike  1100  has a total call value of 27,500,000  versus a total put value of  11,117,700,000 Combined total value = 11,145,200,000

Strike  1110  has a total call value of 85,250,000  versus a total put value of  9,376,400,000 Combined total value = 9,461,650,000

Strike  1120  has a total call value of 144,100,000  versus a total put value of  7,718,150,000 Combined total value = 7,862,250,000

Strike  1130  has a total call value of 215,600,000  versus a total put value of  6,196,300,000 Combined total value = 6,411,900,000

Strike  1140  has a total call value of 307,450,000  versus a total put value of  4,834,500,000 Combined total value = 5,141,950,000

Strike  1150  has a total call value of 469,150,000  versus a total put value of  3,667,400,000 Combined total value = 4,136,550,000

Strike  1160  has a total call value of 775,500,000  versus a total put value of  2,675,750,000 Combined total value = 3,451,250,000

Strike  1170  has a total call value of 1,196,800,000  versus a total put value of  1,837,000,000 Combined total value = 3,033,800,000

Strike  1180  has a total call value of 1,905,200,000  versus a total put value of  1,304,600,000 Combined total value = 3,209,800,000

Strike  1190  has a total call value of 3,108,600,000  versus a total put value of  956,450,000 Combined total value = 4,065,050,000

Strike  1200  has a total call value of 4,487,450,000  versus a total put value of  672,650,000 Combined total value = 5,160,100,000

Strike  1210  has a total call value of 7,627,950,000  versus a total put value of  507,100,000 Combined total value = 8,135,050,000

Strike  1220  has a total call value of 10,940,600,000  versus a total put value of  341,550,000 Combined total value = 11,282,150,000

Strike  1230  has a total call value of 14,560,150,000  versus a total put value of  182,600,000 Combined total value = 14,742,750,000

Strike  1240  has a total call value of 18,364,500,000  versus a total put value of  29,700,000 Combined total value = 18,394,200,000

Strike  1250  has a total call value of 22,474,100,000  versus a total put value of  24,200,000 Combined total value = 22,498,300,000

Strike  1260  has a total call value of 26,778,400,000  versus a total put value of  18,700,000 Combined total value = 26,797,100,000

Strike  1270  has a total call value of 31,227,350,000  versus a total put value of  14,850,000 Combined total value = 31,242,200,000

Strike  1280  has a total call value of 35,768,700,000  versus a total put value of  11,000,000 Combined total value = 35,779,700,000

Strike  1290  has a total call value of 40,699,450,000  versus a total put value of  7,700,000 Combined total value = 40,707,150,000

Strike  1300  has a total call value of 45,647,800,000  versus a total put value of  5,500,000 Combined total value = 45,653,300,000

Strike  1310  has a total call value of 50,750,700,000  versus a total put value of  4,400,000 Combined total value = 50,755,100,000

Strike  1320  has a total call value of 55,873,950,000  versus a total put value of  3,300,000 Combined total value = 55,877,250,000

Strike  1330  has a total call value of 61,271,650,000  versus a total put value of  2,200,000 Combined total value = 61,273,850,000

Strike  1340  has a total call value of 66,669,350,000  versus a total put value of  1,100,000 Combined total value = 66,670,450,000

Strike  1350  has a total call value of 72,217,750,000  versus a total put value of  550,000 Combined total value = 72,218,300,000

Strike  1360  has a total call value of 77,766,150,000  versus a total put value of  0 Combined total value = 77,766,150,000

Max-Pain Table for Stocks
  Note:- click on symbol to see more detailed view
Max Pain Table (Stocks)
Symbol Symbol Ltp Max Pain
360ONE 1147.8 1140
ABB 5236.5 5200
ABCAPITAL 353.1 350
ADANIENSOL 991.15 990
ADANIENT 2253.8 2300
ADANIGREEN 1024.8 1020
ADANIPORTS 1499 1500
ALKEM 5685.5 5700
AMBER 6780 6800
AMBUJACEM 549.1 555
ANGELONE 2545.6 2600
APLAPOLLO 1733 1740
APOLLOHOSP 7077 7200
ASHOKLEY 166.5 160
ASIANPAINT 2794.4 2800
ASTRAL 1456.9 1460
AUBANK 992.2 960
AUROPHARMA 1176.5 1200
AXISBANK 1232.6 1240
BAJAJ-AUTO 8990 9000
BAJAJFINSV 2041 2060
BAJFINANCE 1010 1020
BANDHANBNK 149.86 150
BANKBARODA 284.9 290
BANKINDIA 141.64 143
BDL 1350.1 1400
BEL 387.5 400
BHARATFORG 1412.3 1400
BHARTIARTL 2112 2100
BHEL 279.6 280
BIOCON 387.5 390
BLUESTARCO 1817.8 1780
BOSCHLTD 36255 36500
BPCL 370.8 362.5
BRITANNIA 6084 6000
BSE 2638.9 2700
CAMS 752.7 780
CANBK 149.37 148
CDSL 1502.5 1560
CGPOWER 686.85 680
CHOLAFIN 1729.7 1700
CIPLA 1498.9 1520
COALINDIA 382.15 382.5
COFORGE 1878.5 1840
COLPAL 2134.7 2180
CONCOR 501.15 520
CROMPTON 252.85 265
CUMMINSIND 4500 4500
CYIENT 1145.2 1160
DABUR 497.3 505
DALBHARAT 2071.4 2040
DELHIVERY 401.3 410
DIVISLAB 6358.5 6400
DIXON 13525 13750
DLF 688.95 720
DMART 3839.6 3900
DRREDDY 1273.9 1270
EICHERMOT 7160 7100
ETERNAL 287.15 295
EXIDEIND 364.2 375
FEDERALBNK 262.85 260
FORTIS 877.1 890
GAIL 170.25 175
GLENMARK 1958.3 1940
GMRAIRPORT 103.56 102
GODREJCP 1179 1160
GODREJPROP 2034.3 2080
GRASIM 2794 2800
HAL 4264.3 4500
HAVELLS 1404 1440
HCLTECH 1658.2 1660
HDFCAMC 2595.2 2620
HDFCBANK 990.4 1000
HDFCLIFE 762.75 770
HEROMOTOCO 5939 6050
HFCL 65.52 68
HINDALCO 847.9 820
HINDPETRO 470.2 460
HINDUNILVR 2282.7 2300
HINDZINC 582.35 545
HUDCO 211.18 220
ICICIBANK 1354.7 1370
ICICIGI 1954.9 1980
ICICIPRULI 639.1 630
IDEA 11.29 11
IDFCFIRSTB 83.94 81
IEX 140.6 145
IIFL 573.15 560
INDHOTEL 725.6 740
INDIANB 777.45 820
INDIGO 4958.5 5000
INDUSINDBK 844.4 850
INDUSTOWER 408.45 410
INFY 1597.1 1600
INOXWIND 126.49 130
IOC 169.05 166
IRCTC 670.55 690
IREDA 133.96 140
IRFC 112.03 116
ITC 402.5 405
JINDALSTEL 1010.7 1020
JIOFIN 295.5 305
JSWENERGY 478.75 490
JSWSTEEL 1092 1130
JUBLFOOD 560 580
KALYANKJIL 481.15 480
KAYNES 4220.5 4400
KEI 4068.9 4100
KFINTECH 1035.2 1060
KOTAKBANK 2185.5 2160
KPITTECH 1172.9 1200
LAURUSLABS 1016 1000
LICHSGFIN 529.75 550
LICI 856.4 880
LODHA 1085 1100
LT 4071.1 4040
LTF 306 302.5
LTIM 6261.5 6150
LUPIN 2121 2080
M&M 3634.5 3650
MANAPPURAM 286.45 280
MANKIND 2110.9 2200
MARICO 736.5 740
MARUTI 16458 16200
MAXHEALTH 1067.9 1100
MAZDOCK 2413 2550
MCX 10185 10100
MFSL 1674.9 1700
MOTHERSON 119.82 116
MPHASIS 2886.5 2900
MUTHOOTFIN 3850 3750
NATIONALUM 279.4 270
NAUKRI 1356 1360
NBCC 111.72 112
NCC 157.49 167.5
NESTLEIND 1236.1 1240
NHPC 75.45 78
NMDC 77.32 77
NTPC 321.5 325
NUVAMA 7259 7200
NYKAA 247.9 255
OBEROIRLTY 1638.8 1640
OFSS 7821 8000
OIL 400.4 410
ONGC 232.59 240
PAGEIND 36335 37500
PATANJALI 535.05 545
PAYTM 1286.3 1300
PERSISTENT 6293 6300
PETRONET 267.5 277.5
PFC 337.3 355
PGEL 566.15 560
PHOENIXLTD 1785.4 1740
PIDILITIND 1465.8 1480
PIIND 3233.6 3350
PNB 118.1 120
PNBHOUSING 914.85 910
POLICYBZR 1806.1 1840
POLYCAB 7097 7300
POWERGRID 260.75 270
POWERINDIA 19525 19500
PPLPHARMA 169.11 180
PRESTIGE 1620.9 1660
RBLBANK 300.2 310
RECLTD 336.3 350
RELIANCE 1549.1 1540
RVNL 309.6 315
SAIL 130.3 133
SAMMAANCAP 147.1 155
SBICARD 850.35 870
SBILIFE 2043.8 2020
SBIN 973.5 970
SHREECEM 26080 26500
SHRIRAMFIN 873 850
SIEMENS 3154.7 3200
SOLARINDS 11944 12500
SONACOMS 485.55 500
SRF 3001.3 2950
SUNPHARMA 1778.8 1800
SUPREMEIND 3390 3400
SUZLON 52.49 54
SYNGENE 645.85 650
TATACONSUM 1174.6 1170
TATAELXSI 5001 5100
TATAMOTORS 0 320
TATAPOWER 380.85 390
TATASTEEL 170.91 170
TATATECH 649.9 670
TCS 3226.2 3200
TECHM 1580.4 1540
TIINDIA 2623.3 2700
TITAGARH 785 800
TITAN 3925.1 3880
TMPV 347.15 360
TORNTPHARM 3740.2 3800
TORNTPOWER 1285.6 1300
TRENT 4099.6 4200
TVSMOTOR 3653.9 3600
ULTRACEMCO 11576 11700
UNIONBANK 154.03 152.5
UNITDSPR 1447.9 1440
UNOMINDA 1265 1280
UPL 751.55 750
VBL 475.2 470
VEDL 577.3 545
VOLTAS 1388.5 1380
WIPRO 260.18 255
YESBANK 21.64 22
ZYDUSLIFE 919.4 930

Note:
Stock LTP > Max Pain Bearish Trend
Stock LTP < Max Pain Bullish Trend
Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

  1. For each strike price: Calculate the difference between the current stock price and the strike price.
  2. Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
  3. Sum the values: Add together the dollar value for put options and call options at each strike price.
  4. Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
  5. Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

  • Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
  • Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
  • Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
  • Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
  • Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

  • Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
  • Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
  • Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
  • Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

  • Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
  • Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
  • Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
  • New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

  • Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
  • Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

  • Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
  • Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
  • Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
  • Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
  • Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

  • Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
  • Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
  • High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
  • Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
  • Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.