TATACONSUM
Tata Consumer Product Ltd
Max pain for TATACONSUM
16 Sep 2024 04:12 PM IST
Max Pain for TATACONSUM is 1200
Strike 1060 has a total call value of 0 versus a total put value of 52,592,760,000 Combined total value = 52,592,760,000
Strike 1066.75 has a total call value of 0 versus a total put value of 49,808,093,400 Combined total value = 49,808,093,400
Strike 1070 has a total call value of 0 versus a total put value of 48,467,328,000 Combined total value = 48,467,328,000
Strike 1080 has a total call value of 0 versus a total put value of 44,341,896,000 Combined total value = 44,341,896,000
Strike 1086.5 has a total call value of 0 versus a total put value of 41,709,567,600 Combined total value = 41,709,567,600
Strike 1090 has a total call value of 0 versus a total put value of 40,292,160,000 Combined total value = 40,292,160,000
Strike 1100 has a total call value of 0 versus a total put value of 36,242,424,000 Combined total value = 36,242,424,000
Strike 1106.25 has a total call value of 9,405,000 versus a total put value of 33,804,534,000 Combined total value = 33,813,939,000
Strike 1110 has a total call value of 15,048,000 versus a total put value of 32,341,800,000 Combined total value = 32,356,848,000
Strike 1120 has a total call value of 30,096,000 versus a total put value of 28,461,696,000 Combined total value = 28,491,792,000
Strike 1126 has a total call value of 39,124,800 versus a total put value of 26,209,968,000 Combined total value = 26,249,092,800
Strike 1130 has a total call value of 45,144,000 versus a total put value of 24,708,816,000 Combined total value = 24,753,960,000
Strike 1140 has a total call value of 60,192,000 versus a total put value of 20,997,432,000 Combined total value = 21,057,624,000
Strike 1145.75 has a total call value of 68,844,600 versus a total put value of 18,942,832,800 Combined total value = 19,011,677,400
Strike 1150 has a total call value of 75,240,000 versus a total put value of 17,424,216,000 Combined total value = 17,499,456,000
Strike 1160 has a total call value of 151,848,000 versus a total put value of 14,050,728,000 Combined total value = 14,202,576,000
Strike 1165.5 has a total call value of 198,747,600 versus a total put value of 12,264,530,400 Combined total value = 12,463,278,000
Strike 1170 has a total call value of 237,120,000 versus a total put value of 10,803,096,000 Combined total value = 11,040,216,000
Strike 1180 has a total call value of 345,648,000 versus a total put value of 7,738,320,000 Combined total value = 8,083,968,000
Strike 1185.25 has a total call value of 454,575,000 versus a total put value of 6,270,319,200 Combined total value = 6,724,894,200
Strike 1190 has a total call value of 553,128,000 versus a total put value of 4,942,128,000 Combined total value = 5,495,256,000
Strike 1200 has a total call value of 915,192,000 versus a total put value of 2,637,960,000 Combined total value = 3,553,152,000
Strike 1205 has a total call value of 1,600,104,000 versus a total put value of 2,010,960,000 Combined total value = 3,611,064,000
Strike 1210 has a total call value of 2,314,200,000 versus a total put value of 1,383,960,000 Combined total value = 3,698,160,000
Strike 1220 has a total call value of 4,137,744,000 versus a total put value of 745,560,000 Combined total value = 4,883,304,000
Strike 1224.8 has a total call value of 5,572,502,400 versus a total put value of 608,760,000 Combined total value = 6,181,262,400
Strike 1230 has a total call value of 7,126,824,000 versus a total put value of 460,560,000 Combined total value = 7,587,384,000
Strike 1240 has a total call value of 10,507,608,000 versus a total put value of 263,568,000 Combined total value = 10,771,176,000
Strike 1244.55 has a total call value of 12,438,416,880 versus a total put value of 209,830,680 Combined total value = 12,648,247,560
Strike 1250 has a total call value of 14,751,144,000 versus a total put value of 145,464,000 Combined total value = 14,896,608,000
Strike 1260 has a total call value of 20,296,560,000 versus a total put value of 103,968,000 Combined total value = 20,400,528,000
Strike 1264.3 has a total call value of 22,852,070,640 versus a total put value of 92,791,440 Combined total value = 22,944,862,080
Strike 1270 has a total call value of 26,239,608,000 versus a total put value of 77,976,000 Combined total value = 26,317,584,000
Strike 1280 has a total call value of 32,328,120,000 versus a total put value of 51,984,000 Combined total value = 32,380,104,000
Strike 1284.05 has a total call value of 34,857,497,280 versus a total put value of 41,457,240 Combined total value = 34,898,954,520
Strike 1290 has a total call value of 38,573,496,000 versus a total put value of 25,992,000 Combined total value = 38,599,488,000
Strike 1300 has a total call value of 44,894,568,000 versus a total put value of 0 Combined total value = 44,894,568,000
Strike 1303.8 has a total call value of 47,493,421,440 versus a total put value of 0 Combined total value = 47,493,421,440
Strike 1310 has a total call value of 51,733,656,000 versus a total put value of 0 Combined total value = 51,733,656,000
Strike 1320 has a total call value of 58,611,048,000 versus a total put value of 0 Combined total value = 58,611,048,000
Strike 1323.55 has a total call value of 61,075,023,480 versus a total put value of 0 Combined total value = 61,075,023,480
Strike 1330 has a total call value of 65,551,824,000 versus a total put value of 0 Combined total value = 65,551,824,000
Strike 1340 has a total call value of 72,492,600,000 versus a total put value of 0 Combined total value = 72,492,600,000
Strike 1343.3 has a total call value of 74,802,167,040 versus a total put value of 0 Combined total value = 74,802,167,040
Strike 1350 has a total call value of 79,491,288,000 versus a total put value of 0 Combined total value = 79,491,288,000
Strike 1360 has a total call value of 86,489,976,000 versus a total put value of 0 Combined total value = 86,489,976,000
Strike 1363.05 has a total call value of 88,637,232,120 versus a total put value of 0 Combined total value = 88,637,232,120
Strike 1370 has a total call value of 93,530,160,000 versus a total put value of 0 Combined total value = 93,530,160,000
Strike 1380 has a total call value of 100,570,344,000 versus a total put value of 0 Combined total value = 100,570,344,000
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.