TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
09 Sep 2024 04:11 PM IST
Max Pain for TATAMOTORS is 1060
Strike 880 has a total call value of 0 versus a total put value of 345,380,750,000 Combined total value = 345,380,750,000
Strike 890 has a total call value of 19,800,000 versus a total put value of 322,325,850,000 Combined total value = 322,345,650,000
Strike 900 has a total call value of 39,600,000 versus a total put value of 299,322,100,000 Combined total value = 299,361,700,000
Strike 910 has a total call value of 127,050,000 versus a total put value of 277,092,750,000 Combined total value = 277,219,800,000
Strike 920 has a total call value of 214,500,000 versus a total put value of 254,918,400,000 Combined total value = 255,132,900,000
Strike 930 has a total call value of 319,000,000 versus a total put value of 232,964,050,000 Combined total value = 233,283,050,000
Strike 940 has a total call value of 423,500,000 versus a total put value of 211,197,250,000 Combined total value = 211,620,750,000
Strike 950 has a total call value of 541,200,000 versus a total put value of 189,825,350,000 Combined total value = 190,366,550,000
Strike 960 has a total call value of 754,050,000 versus a total put value of 169,537,500,000 Combined total value = 170,291,550,000
Strike 970 has a total call value of 996,050,000 versus a total put value of 150,046,600,000 Combined total value = 151,042,650,000
Strike 980 has a total call value of 1,245,750,000 versus a total put value of 131,046,300,000 Combined total value = 132,292,050,000
Strike 990 has a total call value of 1,515,250,000 versus a total put value of 113,029,400,000 Combined total value = 114,544,650,000
Strike 1000 has a total call value of 1,802,350,000 versus a total put value of 95,695,050,000 Combined total value = 97,497,400,000
Strike 1010 has a total call value of 2,521,200,000 versus a total put value of 82,006,650,000 Combined total value = 84,527,850,000
Strike 1020 has a total call value of 3,297,800,000 versus a total put value of 68,756,050,000 Combined total value = 72,053,850,000
Strike 1030 has a total call value of 4,264,700,000 versus a total put value of 56,396,450,000 Combined total value = 60,661,150,000
Strike 1040 has a total call value of 5,842,650,000 versus a total put value of 45,325,500,000 Combined total value = 51,168,150,000
Strike 1050 has a total call value of 8,517,850,000 versus a total put value of 35,928,750,000 Combined total value = 44,446,600,000
Strike 1060 has a total call value of 13,378,200,000 versus a total put value of 28,464,150,000 Combined total value = 41,842,350,000
Strike 1070 has a total call value of 20,176,200,000 versus a total put value of 22,189,200,000 Combined total value = 42,365,400,000
Strike 1080 has a total call value of 28,975,650,000 versus a total put value of 16,633,650,000 Combined total value = 45,609,300,000
Strike 1090 has a total call value of 41,815,400,000 versus a total put value of 12,328,800,000 Combined total value = 54,144,200,000
Strike 1100 has a total call value of 57,956,250,000 versus a total put value of 8,949,600,000 Combined total value = 66,905,850,000
Strike 1110 has a total call value of 84,484,950,000 versus a total put value of 7,212,700,000 Combined total value = 91,697,650,000
Strike 1120 has a total call value of 112,969,450,000 versus a total put value of 5,735,400,000 Combined total value = 118,704,850,000
Strike 1130 has a total call value of 144,390,400,000 versus a total put value of 4,537,500,000 Combined total value = 148,927,900,000
Strike 1140 has a total call value of 177,586,750,000 versus a total put value of 3,523,850,000 Combined total value = 181,110,600,000
Strike 1150 has a total call value of 212,568,950,000 versus a total put value of 2,632,300,000 Combined total value = 215,201,250,000
Strike 1160 has a total call value of 252,356,500,000 versus a total put value of 2,133,450,000 Combined total value = 254,489,950,000
Strike 1170 has a total call value of 293,492,100,000 versus a total put value of 1,735,250,000 Combined total value = 295,227,350,000
Strike 1180 has a total call value of 335,789,850,000 versus a total put value of 1,368,400,000 Combined total value = 337,158,250,000
Strike 1190 has a total call value of 379,007,200,000 versus a total put value of 1,033,450,000 Combined total value = 380,040,650,000
Strike 1200 has a total call value of 422,643,100,000 versus a total put value of 698,500,000 Combined total value = 423,341,600,000
Strike 1210 has a total call value of 470,653,700,000 versus a total put value of 618,750,000 Combined total value = 471,272,450,000
Strike 1220 has a total call value of 518,905,200,000 versus a total put value of 539,000,000 Combined total value = 519,444,200,000
Strike 1230 has a total call value of 567,644,000,000 versus a total put value of 459,250,000 Combined total value = 568,103,250,000
Strike 1240 has a total call value of 616,576,950,000 versus a total put value of 379,500,000 Combined total value = 616,956,450,000
Strike 1250 has a total call value of 665,828,900,000 versus a total put value of 299,750,000 Combined total value = 666,128,650,000
Strike 1260 has a total call value of 715,468,600,000 versus a total put value of 239,800,000 Combined total value = 715,708,400,000
Strike 1270 has a total call value of 765,511,450,000 versus a total put value of 179,850,000 Combined total value = 765,691,300,000
Strike 1280 has a total call value of 815,581,800,000 versus a total put value of 119,900,000 Combined total value = 815,701,700,000
Strike 1290 has a total call value of 865,827,050,000 versus a total put value of 59,950,000 Combined total value = 865,887,000,000
Strike 1300 has a total call value of 916,072,300,000 versus a total put value of 0 Combined total value = 916,072,300,000
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.