TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
21 Nov 2024 02:31 PM IST
Max Pain for TATAMOTORS is 800
Strike 640 has a total call value of 0 versus a total put value of 468,036,800,000 Combined total value = 468,036,800,000
Strike 650 has a total call value of 0 versus a total put value of 440,060,500,000 Combined total value = 440,060,500,000
Strike 660 has a total call value of 0 versus a total put value of 412,084,200,000 Combined total value = 412,084,200,000
Strike 670 has a total call value of 0 versus a total put value of 384,260,800,000 Combined total value = 384,260,800,000
Strike 680 has a total call value of 0 versus a total put value of 356,448,950,000 Combined total value = 356,448,950,000
Strike 690 has a total call value of 0 versus a total put value of 329,478,050,000 Combined total value = 329,478,050,000
Strike 700 has a total call value of 0 versus a total put value of 302,641,350,000 Combined total value = 302,641,350,000
Strike 710 has a total call value of 114,950,000 versus a total put value of 278,266,450,000 Combined total value = 278,381,400,000
Strike 720 has a total call value of 253,000,000 versus a total put value of 254,345,850,000 Combined total value = 254,598,850,000
Strike 730 has a total call value of 416,900,000 versus a total put value of 231,430,100,000 Combined total value = 231,847,000,000
Strike 740 has a total call value of 616,550,000 versus a total put value of 209,100,650,000 Combined total value = 209,717,200,000
Strike 750 has a total call value of 888,250,000 versus a total put value of 188,069,200,000 Combined total value = 188,957,450,000
Strike 760 has a total call value of 1,326,050,000 versus a total put value of 168,890,150,000 Combined total value = 170,216,200,000
Strike 770 has a total call value of 2,207,700,000 versus a total put value of 151,141,100,000 Combined total value = 153,348,800,000
Strike 780 has a total call value of 4,121,150,000 versus a total put value of 135,070,100,000 Combined total value = 139,191,250,000
Strike 790 has a total call value of 8,033,300,000 versus a total put value of 120,995,600,000 Combined total value = 129,028,900,000
Strike 800 has a total call value of 13,957,350,000 versus a total put value of 108,094,800,000 Combined total value = 122,052,150,000
Strike 810 has a total call value of 24,763,200,000 versus a total put value of 97,489,150,000 Combined total value = 122,252,350,000
Strike 820 has a total call value of 37,984,650,000 versus a total put value of 87,249,250,000 Combined total value = 125,233,900,000
Strike 830 has a total call value of 54,719,500,000 versus a total put value of 77,688,600,000 Combined total value = 132,408,100,000
Strike 840 has a total call value of 75,022,200,000 versus a total put value of 68,731,850,000 Combined total value = 143,754,050,000
Strike 850 has a total call value of 100,228,700,000 versus a total put value of 60,744,200,000 Combined total value = 160,972,900,000
Strike 860 has a total call value of 131,792,100,000 versus a total put value of 54,161,800,000 Combined total value = 185,953,900,000
Strike 870 has a total call value of 166,862,850,000 versus a total put value of 48,229,500,000 Combined total value = 215,092,350,000
Strike 880 has a total call value of 203,397,150,000 versus a total put value of 42,556,800,000 Combined total value = 245,953,950,000
Strike 890 has a total call value of 241,611,700,000 versus a total put value of 37,387,900,000 Combined total value = 278,999,600,000
Strike 900 has a total call value of 280,911,400,000 versus a total put value of 32,219,000,000 Combined total value = 313,130,400,000
Strike 910 has a total call value of 328,574,950,000 versus a total put value of 28,480,650,000 Combined total value = 357,055,600,000
Strike 920 has a total call value of 377,197,150,000 versus a total put value of 24,742,300,000 Combined total value = 401,939,450,000
Strike 930 has a total call value of 427,083,250,000 versus a total put value of 21,639,750,000 Combined total value = 448,723,000,000
Strike 940 has a total call value of 477,547,400,000 versus a total put value of 18,739,600,000 Combined total value = 496,287,000,000
Strike 950 has a total call value of 528,636,350,000 versus a total put value of 16,173,300,000 Combined total value = 544,809,650,000
Strike 960 has a total call value of 581,678,350,000 versus a total put value of 13,939,200,000 Combined total value = 595,617,550,000
Strike 970 has a total call value of 635,149,350,000 versus a total put value of 12,004,850,000 Combined total value = 647,154,200,000
Strike 980 has a total call value of 688,857,950,000 versus a total put value of 10,282,800,000 Combined total value = 699,140,750,000
Strike 990 has a total call value of 742,978,500,000 versus a total put value of 8,672,400,000 Combined total value = 751,650,900,000
Strike 1000 has a total call value of 797,324,550,000 versus a total put value of 7,062,000,000 Combined total value = 804,386,550,000
Strike 1010 has a total call value of 855,149,350,000 versus a total put value of 6,215,000,000 Combined total value = 861,364,350,000
Strike 1020 has a total call value of 913,090,200,000 versus a total put value of 5,368,000,000 Combined total value = 918,458,200,000
Strike 1030 has a total call value of 971,243,900,000 versus a total put value of 4,598,000,000 Combined total value = 975,841,900,000
Strike 1040 has a total call value of 1,029,497,700,000 versus a total put value of 3,859,900,000 Combined total value = 1,033,357,600,000
Strike 1050 has a total call value of 1,087,926,950,000 versus a total put value of 3,121,800,000 Combined total value = 1,091,048,750,000
Strike 1060 has a total call value of 1,146,932,050,000 versus a total put value of 2,634,500,000 Combined total value = 1,149,566,550,000
Strike 1070 has a total call value of 1,205,937,150,000 versus a total put value of 2,147,200,000 Combined total value = 1,208,084,350,000
Strike 1080 has a total call value of 1,264,942,250,000 versus a total put value of 1,664,300,000 Combined total value = 1,266,606,550,000
Strike 1090 has a total call value of 1,323,975,950,000 versus a total put value of 1,207,800,000 Combined total value = 1,325,183,750,000
Strike 1100 has a total call value of 1,383,009,650,000 versus a total put value of 751,300,000 Combined total value = 1,383,760,950,000
Strike 1110 has a total call value of 1,442,813,350,000 versus a total put value of 675,950,000 Combined total value = 1,443,489,300,000
Strike 1120 has a total call value of 1,502,617,050,000 versus a total put value of 600,600,000 Combined total value = 1,503,217,650,000
Strike 1130 has a total call value of 1,562,420,750,000 versus a total put value of 525,250,000 Combined total value = 1,562,946,000,000
Strike 1140 has a total call value of 1,622,224,450,000 versus a total put value of 449,900,000 Combined total value = 1,622,674,350,000
Strike 1150 has a total call value of 1,682,028,150,000 versus a total put value of 374,550,000 Combined total value = 1,682,402,700,000
Strike 1160 has a total call value of 1,741,831,850,000 versus a total put value of 299,200,000 Combined total value = 1,742,131,050,000
Strike 1170 has a total call value of 1,801,661,950,000 versus a total put value of 223,850,000 Combined total value = 1,801,885,800,000
Strike 1180 has a total call value of 1,861,492,050,000 versus a total put value of 148,500,000 Combined total value = 1,861,640,550,000
Strike 1190 has a total call value of 1,921,322,150,000 versus a total put value of 74,250,000 Combined total value = 1,921,396,400,000
Strike 1200 has a total call value of 1,981,152,250,000 versus a total put value of 0 Combined total value = 1,981,152,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.85 | 470 |
| ABB | 6761.75 | 7000 |
| ABBOTINDIA | 27014 | 28000 |
| ABCAPITAL | 183.51 | 200 |
| ABFRL | 284.9 | 300 |
| ACC | 2033 | 2220 |
| ADANIENT | 2262.75 | 2600 |
| ADANIPORTS | 1132.2 | 1200 |
| ALKEM | 5587.75 | 5500 |
| AMBUJACEM | 491.5 | 540 |
| APOLLOHOSP | 6728.2 | 6900 |
| APOLLOTYRE | 481.95 | 480 |
| ASHOKLEY | 217.56 | 220 |
| ASIANPAINT | 2431.7 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7235 | 7500 |
| AUBANK | 593.2 | 590 |
| AUROPHARMA | 1219.45 | 1300 |
| AXISBANK | 1139.55 | 1150 |
| BAJAJ-AUTO | 9490 | 9700 |
| BAJAJFINSV | 1568.7 | 1620 |
| BAJFINANCE | 6465.75 | 6700 |
| BALKRISIND | 2738.8 | 2800 |
| BANDHANBNK | 166.33 | 180 |
| BANKBARODA | 228.75 | 240 |
| BATAINDIA | 1280.9 | 1310 |
| BEL | 274.2 | 285 |
| BERGEPAINT | 465 | 495 |
| BHARATFORG | 1295 | 1340 |
| BHARTIARTL | 1521.8 | 1540 |
| BHEL | 228.56 | 235 |
| BIOCON | 323.65 | 330 |
| BOSCHLTD | 34091.7 | 34000 |
| BPCL | 281.75 | 300 |
| BRITANNIA | 4775.25 | 5000 |
| BSOFT | 546 | 560 |
| CANBK | 94.62 | 100 |
| CANFINHOME | 820.55 | 830 |
| CHAMBLFERT | 455.7 | 480 |
| CHOLAFIN | 1205.95 | 1240 |
| CIPLA | 1462.85 | 1520 |
| COALINDIA | 404.7 | 425 |
| COFORGE | 8195 | 8000 |
| COLPAL | 2687.6 | 2800 |
| CONCOR | 767.7 | 810 |
| COROMANDEL | 1772.4 | 1720 |
| CROMPTON | 381.25 | 390 |
| CUB | 170.26 | 175 |
| CUMMINSIND | 3289.85 | 3400 |
| DABUR | 505.15 | 525 |
| DALBHARAT | 1774.2 | 1760 |
| DEEPAKNTR | 2616.95 | 2650 |
| DIVISLAB | 5950.25 | 5900 |
| DIXON | 14997.95 | 14750 |
| DLF | 775.8 | 780 |
| DRREDDY | 1193.4 | 1220 |
| EICHERMOT | 4895.55 | 4900 |
| ESCORTS | 3452.7 | 3600 |
| EXIDEIND | 415.1 | 440 |
| FEDERALBNK | 210.13 | 205 |
| GAIL | 187.8 | 197.5 |
| GLENMARK | 1463.5 | 1520 |
| GMRINFRA | 76.92 | 82 |
| GNFC | 555.95 | 570 |
| GODREJCP | 1180.75 | 1200 |
| GODREJPROP | 2697.8 | 2750 |
| GRANULES | 545 | 570 |
| GRASIM | 2545.25 | 2540 |
| GUJGASLTD | 452.9 | 480 |
| HAL | 3983.35 | 4200 |
| HAVELLS | 1631.85 | 1640 |
| HCLTECH | 1831.8 | 1820 |
| HDFCAMC | 4214.05 | 4300 |
| HDFCBANK | 1739.95 | 1740 |
| HDFCLIFE | 673.95 | 680 |
| HEROMOTOCO | 4761.8 | 4800 |
| HINDALCO | 645.7 | 650 |
| HINDCOPPER | 262 | 290 |
| HINDPETRO | 358.4 | 375 |
| HINDUNILVR | 2386.8 | 2480 |
| ICICIBANK | 1251 | 1260 |
| ICICIGI | 1812.7 | 1880 |
| ICICIPRULI | 679.4 | 690 |
| IDEA | 6.93 | 8 |
| IDFCFIRSTB | 63.04 | 66 |
| IEX | 161.02 | 170 |
| IGL | 311.6 | 330 |
| INDHOTEL | 785.3 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4060 | 4000 |
| INDUSINDBK | 974.2 | 1040 |
| INDUSTOWER | 328.8 | 340 |
| INFY | 1833.9 | 1800 |
| IOC | 130.69 | 140 |
| IPCALAB | 1568.6 | 1560 |
| IRCTC | 794.15 | 820 |
| ITC | 456.25 | 475 |
| JINDALSTEL | 870.65 | 900 |
| JKCEMENT | 4006.95 | 4000 |
| JSWSTEEL | 940.5 | 960 |
| JUBLFOOD | 610.3 | 620 |
| KOTAKBANK | 1733.3 | 1760 |
| LALPATHLAB | 3028.85 | 3100 |
| LAURUSLABS | 488.7 | 490 |
| LICHSGFIN | 610.5 | 630 |
| LT | 3483.65 | 3600 |
| LTF | 137.49 | 140 |
| LTIM | 5923.05 | 5900 |
| LTTS | 5173 | 5150 |
| LUPIN | 2038.1 | 2100 |
| M&M | 2938 | 2900 |
| M&MFIN | 256.75 | 265 |
| MANAPPURAM | 150.64 | 155 |
| MARICO | 590.45 | 600 |
| MARUTI | 10873.75 | 11000 |
| MCX | 6159.25 | 6200 |
| METROPOLIS | 2011.5 | 2060 |
| MFSL | 1172.65 | 1200 |
| MGL | 1114.2 | 1160 |
| MOTHERSON | 161.49 | 175 |
| MPHASIS | 2781.5 | 2850 |
| MRF | 123205 | 122500 |
| MUTHOOTFIN | 1901.95 | 1880 |
| NATIONALUM | 245.42 | 240 |
| NAUKRI | 7536.2 | 7700 |
| NAVINFLUOR | 3260.1 | 3400 |
| NESTLEIND | 2202.7 | 2280 |
| NMDC | 217.74 | 225 |
| NTPC | 355 | 370 |
| OBEROIRLTY | 1929.7 | 1960 |
| OFSS | 11135.9 | 11500 |
| ONGC | 241.8 | 250 |
| PAGEIND | 44445.05 | 45500 |
| PEL | 1053.85 | 1060 |
| PERSISTENT | 5727.85 | 5600 |
| PETRONET | 320.25 | 328 |
| PFC | 452.55 | 460 |
| PIDILITIND | 2934.25 | 3060 |
| PIIND | 4124.1 | 4200 |
| PNB | 96.6 | 102 |
| POLYCAB | 6402.65 | 6500 |
| POWERGRID | 324.25 | 320 |
| PVRINOX | 1443.7 | 1500 |
| RAMCOCEM | 913.25 | 900 |
| RBLBANK | 156.97 | 160 |
| RECLTD | 490 | 510 |
| RELIANCE | 1218.4 | 1290 |
| SAIL | 110.65 | 117.5 |
| SBICARD | 675.35 | 690 |
| SBILIFE | 1480 | 1520 |
| SBIN | 780.2 | 800 |
| SHREECEM | 24170 | 24500 |
| SHRIRAMFIN | 2809 | 2900 |
| SIEMENS | 6660 | 6800 |
| SRF | 2152.95 | 2260 |
| SUNPHARMA | 1769.8 | 1800 |
| SUNTV | 727.25 | 730 |
| SYNGENE | 844.15 | 870 |
| TATACHEM | 1051.2 | 1100 |
| TATACOMM | 1707.95 | 1780 |
| TATACONSUM | 910.75 | 950 |
| TATAMOTORS | 775 | 800 |
| TATAPOWER | 409.2 | 420 |
| TATASTEEL | 140.1 | 145 |
| TCS | 4064.65 | 4100 |
| TECHM | 1698 | 1680 |
| TITAN | 3179.45 | 3200 |
| TORNTPHARM | 3101.4 | 3150 |
| TRENT | 6450.05 | 6600 |
| TVSMOTOR | 2395.6 | 2450 |
| UBL | 1816.25 | 1880 |
| ULTRACEMCO | 10947.55 | 11000 |
| UNITDSPR | 1489.15 | 1480 |
| UPL | 560.95 | 550 |
| VEDL | 440.85 | 460 |
| VOLTAS | 1667.6 | 1700 |
| WIPRO | 556.75 | 560 |
| ZYDUSLIFE | 942.9 | 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.
