TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
20 Dec 2024 04:11 PM IST
Max Pain for TATAMOTORS is 770
Strike 640 has a total call value of 0 versus a total put value of 394,565,050,000 Combined total value = 394,565,050,000
Strike 650 has a total call value of 0 versus a total put value of 366,279,650,000 Combined total value = 366,279,650,000
Strike 660 has a total call value of 0 versus a total put value of 338,000,850,000 Combined total value = 338,000,850,000
Strike 670 has a total call value of 30,800,000 versus a total put value of 310,142,250,000 Combined total value = 310,173,050,000
Strike 680 has a total call value of 61,600,000 versus a total put value of 282,630,150,000 Combined total value = 282,691,750,000
Strike 690 has a total call value of 271,150,000 versus a total put value of 255,971,650,000 Combined total value = 256,242,800,000
Strike 700 has a total call value of 635,250,000 versus a total put value of 230,248,150,000 Combined total value = 230,883,400,000
Strike 710 has a total call value of 1,327,150,000 versus a total put value of 207,187,750,000 Combined total value = 208,514,900,000
Strike 720 has a total call value of 2,274,800,000 versus a total put value of 185,238,350,000 Combined total value = 187,513,150,000
Strike 730 has a total call value of 3,839,000,000 versus a total put value of 165,200,750,000 Combined total value = 169,039,750,000
Strike 740 has a total call value of 6,456,450,000 versus a total put value of 146,599,750,000 Combined total value = 153,056,200,000
Strike 750 has a total call value of 10,939,500,000 versus a total put value of 129,517,850,000 Combined total value = 140,457,350,000
Strike 760 has a total call value of 19,072,350,000 versus a total put value of 114,316,400,000 Combined total value = 133,388,750,000
Strike 770 has a total call value of 30,947,400,000 versus a total put value of 100,078,000,000 Combined total value = 131,025,400,000
Strike 780 has a total call value of 45,911,250,000 versus a total put value of 86,758,100,000 Combined total value = 132,669,350,000
Strike 790 has a total call value of 65,379,050,000 versus a total put value of 74,849,500,000 Combined total value = 140,228,550,000
Strike 800 has a total call value of 90,148,300,000 versus a total put value of 64,412,150,000 Combined total value = 154,560,450,000
Strike 810 has a total call value of 129,257,700,000 versus a total put value of 57,163,150,000 Combined total value = 186,420,850,000
Strike 820 has a total call value of 173,944,650,000 versus a total put value of 50,907,450,000 Combined total value = 224,852,100,000
Strike 830 has a total call value of 226,604,950,000 versus a total put value of 45,356,850,000 Combined total value = 271,961,800,000
Strike 840 has a total call value of 282,605,400,000 versus a total put value of 40,160,450,000 Combined total value = 322,765,850,000
Strike 850 has a total call value of 341,293,150,000 versus a total put value of 35,512,400,000 Combined total value = 376,805,550,000
Strike 860 has a total call value of 405,598,050,000 versus a total put value of 31,654,700,000 Combined total value = 437,252,750,000
Strike 870 has a total call value of 471,198,750,000 versus a total put value of 27,927,900,000 Combined total value = 499,126,650,000
Strike 880 has a total call value of 538,061,700,000 versus a total put value of 24,411,200,000 Combined total value = 562,472,900,000
Strike 890 has a total call value of 605,814,550,000 versus a total put value of 21,160,150,000 Combined total value = 626,974,700,000
Strike 900 has a total call value of 673,981,000,000 versus a total put value of 17,966,850,000 Combined total value = 691,947,850,000
Strike 910 has a total call value of 747,179,400,000 versus a total put value of 15,875,750,000 Combined total value = 763,055,150,000
Strike 920 has a total call value of 820,799,100,000 versus a total put value of 13,801,700,000 Combined total value = 834,600,800,000
Strike 930 has a total call value of 894,912,150,000 versus a total put value of 11,779,350,000 Combined total value = 906,691,500,000
Strike 940 has a total call value of 969,228,700,000 versus a total put value of 9,788,900,000 Combined total value = 979,017,600,000
Strike 950 has a total call value of 1,043,904,950,000 versus a total put value of 8,056,950,000 Combined total value = 1,051,961,900,000
Strike 960 has a total call value of 1,118,581,200,000 versus a total put value of 6,325,000,000 Combined total value = 1,124,906,200,000
Strike 970 has a total call value of 1,193,425,200,000 versus a total put value of 4,706,900,000 Combined total value = 1,198,132,100,000
Strike 980 has a total call value of 1,268,269,200,000 versus a total put value of 3,088,800,000 Combined total value = 1,271,358,000,000
Strike 990 has a total call value of 1,343,225,400,000 versus a total put value of 1,544,400,000 Combined total value = 1,344,769,800,000
Strike 1000 has a total call value of 1,418,181,600,000 versus a total put value of 0 Combined total value = 1,418,181,600,000
Strike 1010 has a total call value of 1,494,964,350,000 versus a total put value of 0 Combined total value = 1,494,964,350,000
Strike 1020 has a total call value of 1,571,747,100,000 versus a total put value of 0 Combined total value = 1,571,747,100,000
Strike 1030 has a total call value of 1,648,529,850,000 versus a total put value of 0 Combined total value = 1,648,529,850,000
Strike 1040 has a total call value of 1,725,312,600,000 versus a total put value of 0 Combined total value = 1,725,312,600,000
Strike 1050 has a total call value of 1,802,095,350,000 versus a total put value of 0 Combined total value = 1,802,095,350,000
Strike 1060 has a total call value of 1,878,878,100,000 versus a total put value of 0 Combined total value = 1,878,878,100,000
Strike 1070 has a total call value of 1,955,660,850,000 versus a total put value of 0 Combined total value = 1,955,660,850,000
Strike 1080 has a total call value of 2,032,443,600,000 versus a total put value of 0 Combined total value = 2,032,443,600,000
Strike 1090 has a total call value of 2,109,226,350,000 versus a total put value of 0 Combined total value = 2,109,226,350,000
Strike 1100 has a total call value of 2,186,009,100,000 versus a total put value of 0 Combined total value = 2,186,009,100,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 403.85 | 450 |
| ABB | 6921.25 | 7300 |
| ABBOTINDIA | 28655.35 | 28000 |
| ABCAPITAL | 186.21 | 200 |
| ABFRL | 282.2 | 300 |
| ACC | 2063.65 | 2260 |
| ADANIENSOL | 767.55 | 800 |
| ADANIENT | 2344.95 | 2500 |
| ADANIGREEN | 1034.35 | 1120 |
| ADANIPORTS | 1182.45 | 1240 |
| ALKEM | 5427.5 | 5500 |
| AMBUJACEM | 548.8 | 560 |
| ANGELONE | 2881.7 | 3100 |
| APLAPOLLO | 1559 | 1600 |
| APOLLOHOSP | 7251.7 | 7200 |
| APOLLOTYRE | 531.95 | 530 |
| ASHOKLEY | 217.28 | 225 |
| ASIANPAINT | 2282.35 | 2400 |
| ASTRAL | 1734.6 | 1820 |
| ATGL | 674.35 | 720 |
| ATUL | 7023.15 | 7300 |
| AUBANK | 537.6 | 570 |
| AUROPHARMA | 1241.7 | 1240 |
| AXISBANK | 1071.85 | 1120 |
| BAJAJ-AUTO | 8787.25 | 9000 |
| BAJAJFINSV | 1569.65 | 1640 |
| BAJFINANCE | 6848.25 | 7000 |
| BALKRISIND | 2790.05 | 2800 |
| BANDHANBNK | 159.05 | 170 |
| BANKBARODA | 240.59 | 250 |
| BANKINDIA | 103.03 | 110 |
| BATAINDIA | 1342.25 | 1400 |
| BEL | 290.85 | 310 |
| BERGEPAINT | 444.8 | 465 |
| BHARATFORG | 1278.9 | 1340 |
| BHARTIARTL | 1578.1 | 1600 |
| BHEL | 235.3 | 250 |
| BIOCON | 335.95 | 355 |
| BOSCHLTD | 34576.95 | 35000 |
| BPCL | 289.05 | 295 |
| BRITANNIA | 4698.1 | 4800 |
| BSE | 5542.85 | 5300 |
| BSOFT | 577 | 600 |
| CAMS | 4951 | 5100 |
| CANBK | 99.61 | 104 |
| CANFINHOME | 747.7 | 790 |
| CDSL | 1860.75 | 1860 |
| CESC | 182.74 | 190 |
| CGPOWER | 730.05 | 760 |
| CHAMBLFERT | 509.15 | 520 |
| CHOLAFIN | 1189.55 | 1260 |
| CIPLA | 1472.05 | 1480 |
| COALINDIA | 382 | 414.25 |
| COFORGE | 9370.45 | 9200 |
| COLPAL | 2750.85 | 2850 |
| CONCOR | 767.95 | 830 |
| COROMANDEL | 1839.3 | 1800 |
| CROMPTON | 388.25 | 405 |
| CUB | 175.42 | 180 |
| CUMMINSIND | 3312.9 | 3450 |
| CYIENT | 1924.4 | 2000 |
| DABUR | 502.55 | 510 |
| DALBHARAT | 1801.9 | 1880 |
| DEEPAKNTR | 2596.85 | 2700 |
| DELHIVERY | 349.6 | 365 |
| DIVISLAB | 5846.75 | 6000 |
| DIXON | 17944.9 | 18000 |
| DLF | 830.7 | 850 |
| DMART | 3408.3 | 3600 |
| DRREDDY | 1343.65 | 1300 |
| EICHERMOT | 4734.5 | 4800 |
| ESCORTS | 3162.05 | 3350 |
| EXIDEIND | 426.3 | 450 |
| FEDERALBNK | 194.46 | 205 |
| GAIL | 192.42 | 200 |
| GLENMARK | 1541.65 | 1520 |
| GMRAIRPORT | 78.82 | 85 |
| GMRINFRA | 0 | 36 |
| GNFC | 583.8 | 610 |
| GODREJCP | 1069.6 | 1120 |
| GODREJPROP | 2855.95 | 2900 |
| GRANULES | 592.4 | 580 |
| GRASIM | 2488.7 | 2620 |
| GUJGASLTD | 499.8 | 500 |
| HAL | 4190.2 | 4500 |
| HAVELLS | 1657.4 | 1720 |
| HCLTECH | 1911.35 | 1900 |
| HDFCAMC | 4262.8 | 4400 |
| HDFCBANK | 1771.5 | 1800 |
| HDFCLIFE | 623.8 | 640 |
| HEROMOTOCO | 4339.95 | 4600 |
| HFCL | 113.35 | 120 |
| HINDALCO | 622.65 | 650 |
| HINDCOPPER | 271.5 | 290 |
| HINDPETRO | 399.5 | 400 |
| HINDUNILVR | 2333.9 | 2400 |
| HUDCO | 242.11 | 245 |
| ICICIBANK | 1288.4 | 1300 |
| ICICIGI | 1902.15 | 1920 |
| ICICIPRULI | 653.9 | 670 |
| IDEA | 7.4 | 8 |
| IDFCFIRSTB | 61.68 | 65 |
| IEX | 177.45 | 182.5 |
| IGL | 388.3 | 370 |
| INDHOTEL | 854.1 | 850 |
| INDIAMART | 2249.95 | 2350 |
| INDIANB | 537.15 | 580 |
| INDIGO | 4395.6 | 4400 |
| INDUSINDBK | 929.45 | 980 |
| INDUSTOWER | 337.1 | 350 |
| INFY | 1922.15 | 1920 |
| IOC | 137.08 | 142.5 |
| IPCALAB | 1582.5 | 1560 |
| IRB | 55.09 | 57 |
| IRCTC | 784.25 | 830 |
| IRFC | 148.41 | 155 |
| ITC | 464.65 | 470 |
| JINDALSTEL | 908.05 | 940 |
| JIOFIN | 304.3 | 325 |
| JKCEMENT | 4517.8 | 4600 |
| JSL | 719.8 | 730 |
| JSWENERGY | 669.8 | 660 |
| JSWSTEEL | 917.35 | 950 |
| JUBLFOOD | 672.7 | 670 |
| KALYANKJIL | 719.2 | 740 |
| KEI | 4166.25 | 4400 |
| KOTAKBANK | 1743.55 | 1780 |
| KPITTECH | 1451.25 | 1500 |
| LALPATHLAB | 2946.25 | 3050 |
| LAURUSLABS | 559.2 | 570 |
| LICHSGFIN | 582.25 | 620 |
| LICI | 901.7 | 940 |
| LODHA | 1400.7 | 1440 |
| LT | 3629.85 | 3750 |
| LTF | 136.48 | 145 |
| LTIM | 5824.3 | 6150 |
| LTTS | 4828.5 | 5200 |
| LUPIN | 2150.7 | 2100 |
| M&M | 2906.35 | 3000 |
| M&MFIN | 266.05 | 275 |
| MANAPPURAM | 181.03 | 180 |
| MARICO | 627.95 | 630 |
| MARUTI | 10901.05 | 11100 |
| MAXHEALTH | 1165.2 | 1140 |
| MCX | 6397.4 | 6500 |
| METROPOLIS | 2058.05 | 2120 |
| MFSL | 1109.2 | 1140 |
| MGL | 1215.3 | 1260 |
| MOTHERSON | 156.06 | 165 |
| MPHASIS | 2950.6 | 3100 |
| MRF | 128057.9 | 130000 |
| MUTHOOTFIN | 2075.65 | 2060 |
| NATIONALUM | 215.36 | 232.5 |
| NAUKRI | 8494.95 | 8600 |
| NAVINFLUOR | 3305.85 | 3500 |
| NCC | 287.55 | 300 |
| NESTLEIND | 2163.5 | 2220 |
| NHPC | 81.47 | 85 |
| NMDC | 213.15 | 230 |
| NTPC | 333.25 | 350 |
| NYKAA | 167.33 | 170 |
| OBEROIRLTY | 2247.8 | 2200 |
| OFSS | 12247.55 | 12500 |
| OIL | 421.8 | 450 |
| ONGC | 237.1 | 250 |
| PAGEIND | 48856.35 | 48500 |
| PAYTM | 945.25 | 980 |
| PEL | 1093.7 | 1160 |
| PERSISTENT | 6368.7 | 6400 |
| PETRONET | 336.45 | 340 |
| PFC | 453.3 | 480 |
| PIDILITIND | 2976.8 | 3080 |
| PIIND | 3813.75 | 4000 |
| PNB | 100.77 | 105 |
| POLICYBZR | 2092.15 | 2000 |
| POLYCAB | 7178.25 | 7300 |
| POONAWALLA | 318.85 | 340 |
| POWERGRID | 315.8 | 325 |
| PRESTIGE | 1794.5 | 1800 |
| PVRINOX | 1382.1 | 1520 |
| RAMCOCEM | 986.1 | 1010 |
| RBLBANK | 152.79 | 160 |
| RECLTD | 513.25 | 530 |
| RELIANCE | 1205.3 | 1280 |
| SAIL | 116.1 | 125 |
| SBICARD | 687 | 710 |
| SBILIFE | 1400.6 | 1420 |
| SBIN | 812 | 840 |
| SHREECEM | 27063.5 | 27000 |
| SHRIRAMFIN | 2877.25 | 3000 |
| SIEMENS | 6868.9 | 7300 |
| SJVN | 111.54 | 117.5 |
| SONACOMS | 588.45 | 620 |
| SRF | 2277.6 | 2300 |
| SUNPHARMA | 1808.85 | 1800 |
| SUNTV | 696.85 | 730 |
| SUPREMEIND | 4839.8 | 4900 |
| SYNGENE | 844 | 860 |
| TATACHEM | 1028.85 | 1080 |
| TATACOMM | 1710.45 | 1800 |
| TATACONSUM | 889.45 | 930 |
| TATAELXSI | 6921.6 | 7200 |
| TATAMOTORS | 724.05 | 770 |
| TATAPOWER | 401.1 | 420 |
| TATASTEEL | 140.68 | 147.5 |
| TCS | 4170.3 | 4300 |
| TECHM | 1686.05 | 1740 |
| TIINDIA | 3619.1 | 3700 |
| TITAN | 3356.25 | 3400 |
| TORNTPHARM | 3437 | 3400 |
| TRENT | 6831.55 | 6900 |
| TVSMOTOR | 2391.65 | 2500 |
| UBL | 2025.35 | 2000 |
| ULTRACEMCO | 11422.8 | 11500 |
| UNIONBANK | 116.78 | 125 |
| UNITDSPR | 1544.8 | 1540 |
| UPL | 504.5 | 537.2 |
| VBL | 612.55 | 630 |
| VEDL | 477.25 | 490 |
| VOLTAS | 1686.5 | 1740 |
| WIPRO | 305.2 | 302.5 |
| YESBANK | 19.83 | 21 |
| ZOMATO | 282.1 | 285 |
| ZYDUSLIFE | 973.5 | 980 |
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.
