TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
04 Apr 2025 04:11 PM IST
Max Pain for TATAMOTORS is 660
Strike 500 has a total call value of 0 versus a total put value of 455,860,350,000 Combined total value = 455,860,350,000
Strike 510 has a total call value of 0 versus a total put value of 424,716,050,000 Combined total value = 424,716,050,000
Strike 520 has a total call value of 0 versus a total put value of 393,571,750,000 Combined total value = 393,571,750,000
Strike 530 has a total call value of 0 versus a total put value of 362,815,750,000 Combined total value = 362,815,750,000
Strike 540 has a total call value of 0 versus a total put value of 332,222,000,000 Combined total value = 332,222,000,000
Strike 550 has a total call value of 67,650,000 versus a total put value of 302,899,300,000 Combined total value = 302,966,950,000
Strike 560 has a total call value of 135,300,000 versus a total put value of 275,342,100,000 Combined total value = 275,477,400,000
Strike 570 has a total call value of 223,300,000 versus a total put value of 249,068,050,000 Combined total value = 249,291,350,000
Strike 580 has a total call value of 380,050,000 versus a total put value of 223,927,000,000 Combined total value = 224,307,050,000
Strike 590 has a total call value of 586,850,000 versus a total put value of 199,997,600,000 Combined total value = 200,584,450,000
Strike 600 has a total call value of 880,550,000 versus a total put value of 177,168,750,000 Combined total value = 178,049,300,000
Strike 610 has a total call value of 1,850,200,000 versus a total put value of 157,542,550,000 Combined total value = 159,392,750,000
Strike 620 has a total call value of 3,711,400,000 versus a total put value of 139,407,400,000 Combined total value = 143,118,800,000
Strike 630 has a total call value of 7,998,650,000 versus a total put value of 122,664,850,000 Combined total value = 130,663,500,000
Strike 640 has a total call value of 14,656,400,000 versus a total put value of 107,017,350,000 Combined total value = 121,673,750,000
Strike 650 has a total call value of 23,614,250,000 versus a total put value of 92,478,100,000 Combined total value = 116,092,350,000
Strike 660 has a total call value of 36,467,750,000 versus a total put value of 79,389,200,000 Combined total value = 115,856,950,000
Strike 670 has a total call value of 53,028,800,000 versus a total put value of 67,874,950,000 Combined total value = 120,903,750,000
Strike 680 has a total call value of 74,800,000,000 versus a total put value of 58,364,350,000 Combined total value = 133,164,350,000
Strike 690 has a total call value of 102,551,350,000 versus a total put value of 50,500,450,000 Combined total value = 153,051,800,000
Strike 700 has a total call value of 132,626,450,000 versus a total put value of 43,382,350,000 Combined total value = 176,008,800,000
Strike 710 has a total call value of 175,514,900,000 versus a total put value of 37,717,350,000 Combined total value = 213,232,250,000
Strike 720 has a total call value of 220,887,150,000 versus a total put value of 32,484,650,000 Combined total value = 253,371,800,000
Strike 730 has a total call value of 271,003,700,000 versus a total put value of 28,262,850,000 Combined total value = 299,266,550,000
Strike 740 has a total call value of 323,252,600,000 versus a total put value of 24,235,200,000 Combined total value = 347,487,800,000
Strike 750 has a total call value of 377,329,150,000 versus a total put value of 20,690,450,000 Combined total value = 398,019,600,000
Strike 760 has a total call value of 435,963,000,000 versus a total put value of 17,527,950,000 Combined total value = 453,490,950,000
Strike 770 has a total call value of 495,595,650,000 versus a total put value of 14,587,100,000 Combined total value = 510,182,750,000
Strike 780 has a total call value of 555,848,700,000 versus a total put value of 11,737,000,000 Combined total value = 567,585,700,000
Strike 790 has a total call value of 616,953,150,000 versus a total put value of 9,008,450,000 Combined total value = 625,961,600,000
Strike 800 has a total call value of 678,267,700,000 versus a total put value of 6,279,900,000 Combined total value = 684,547,600,000
Strike 810 has a total call value of 744,614,200,000 versus a total put value of 4,668,400,000 Combined total value = 749,282,600,000
Strike 820 has a total call value of 810,960,700,000 versus a total put value of 3,056,900,000 Combined total value = 814,017,600,000
Strike 830 has a total call value of 878,348,350,000 versus a total put value of 1,528,450,000 Combined total value = 879,876,800,000
Strike 840 has a total call value of 945,736,000,000 versus a total put value of 0 Combined total value = 945,736,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 374.05 | 400 |
| ABB | 5095.9 | 5400 |
| ABCAPITAL | 188.26 | 190 |
| ABFRL | 258.3 | 265 |
| ACC | 1966.3 | 2000 |
| ADANIENSOL | 859.4 | 860 |
| ADANIENT | 2334.65 | 2460 |
| ADANIGREEN | 923.8 | 940 |
| ADANIPORTS | 1148.35 | 1200 |
| ALKEM | 4828.7 | 4900 |
| AMBUJACEM | 528.2 | 545 |
| ANGELONE | 2285.4 | 2300 |
| APLAPOLLO | 1519.15 | 1500 |
| APOLLOHOSP | 6714.55 | 6650 |
| APOLLOTYRE | 407.95 | 425 |
| ASHOKLEY | 205.14 | 210 |
| ASIANPAINT | 2356.05 | 2340 |
| ASTRAL | 1336.85 | 1340 |
| ATGL | 591.3 | 600 |
| AUBANK | 552.1 | 550 |
| AUROPHARMA | 1105.35 | 1160 |
| AXISBANK | 1091.3 | 1090 |
| BAJAJ-AUTO | 7685.1 | 7900 |
| BAJAJFINSV | 1912.3 | 1920 |
| BAJFINANCE | 8718.85 | 8700 |
| BALKRISIND | 2388.05 | 2500 |
| BANDHANBNK | 153.05 | 152.5 |
| BANKBARODA | 234.32 | 235 |
| BANKINDIA | 111.49 | 110 |
| BEL | 280 | 290 |
| BERGEPAINT | 512.05 | 500 |
| BHARATFORG | 1026.05 | 1080 |
| BHARTIARTL | 1743.45 | 1740 |
| BHEL | 214.45 | 220 |
| BIOCON | 327.8 | 340 |
| BOSCHLTD | 27289.1 | 28000 |
| BPCL | 279.45 | 280 |
| BRITANNIA | 5023.4 | 4950 |
| BSE | 5517.45 | 5300 |
| BSOFT | 366.5 | 385 |
| CAMS | 3683.3 | 3700 |
| CANBK | 90.39 | 92 |
| CDSL | 1199.85 | 1200 |
| CESC | 151.83 | 155 |
| CGPOWER | 575.2 | 620 |
| CHAMBLFERT | 624.6 | 620 |
| CHOLAFIN | 1453.3 | 1500 |
| CIPLA | 1415.25 | 1460 |
| COALINDIA | 385.05 | 400 |
| COFORGE | 6607.9 | 7000 |
| COLPAL | 2423.35 | 2400 |
| CONCOR | 687.5 | 710 |
| CROMPTON | 329.3 | 340 |
| CUMMINSIND | 2844.95 | 3000 |
| CYIENT | 1158.75 | 1220 |
| DABUR | 461.75 | 475 |
| DALBHARAT | 1845.45 | 1800 |
| DEEPAKNTR | 1928.95 | 2000 |
| DELHIVERY | 258.8 | 260 |
| DIVISLAB | 5482.85 | 5650 |
| DIXON | 13137.55 | 13500 |
| DLF | 653.95 | 680 |
| DMART | 4039.9 | 4050 |
| DRREDDY | 1109.95 | 1140 |
| EICHERMOT | 5247.9 | 5350 |
| ESCORTS | 3161.15 | 3250 |
| EXIDEIND | 364.4 | 370 |
| FEDERALBNK | 195 | 195 |
| GAIL | 176.61 | 180 |
| GLENMARK | 1499.85 | 1500 |
| GMRAIRPORT | 80.74 | 80 |
| GODREJCP | 1156.6 | 1150 |
| GODREJPROP | 2067.95 | 2100 |
| GOLDM | 88250 | 88500 |
| GRANULES | 456.75 | 500 |
| GRASIM | 2616.9 | 2600 |
| HAL | 4239.1 | 4250 |
| HAVELLS | 1469.25 | 1500 |
| HCLTECH | 1422.1 | 1500 |
| HDFCAMC | 3906.3 | 4000 |
| HDFCBANK | 1817.3 | 1800 |
| HDFCLIFE | 689.05 | 690 |
| HEROMOTOCO | 3659.2 | 3750 |
| HFCL | 79.16 | 80 |
| HINDALCO | 599.95 | 640 |
| HINDCOPPER | 204.25 | 210 |
| HINDPETRO | 358.35 | 360 |
| HINDUNILVR | 2244.55 | 2260 |
| HINDZINC | 426.95 | 450 |
| HUDCO | 203.47 | 200 |
| ICICIBANK | 1335.3 | 1340 |
| ICICIGI | 1829.55 | 1800 |
| ICICIPRULI | 556.8 | 570 |
| IDEA | 7.91 | 8 |
| IDFCFIRSTB | 57.81 | 59 |
| IEX | 178.52 | 180 |
| IGL | 198.06 | 200 |
| IIFL | 340.25 | 340 |
| INDHOTEL | 799.35 | 810 |
| INDIANB | 546.05 | 550 |
| INDIGO | 5098.9 | 5000 |
| INDUSINDBK | 682 | 700 |
| INDUSTOWER | 360.5 | 355 |
| INFY | 1451.65 | 1520 |
| INOXWIND | 153.85 | 160 |
| IOC | 130.14 | 132 |
| IRB | 45.52 | 46 |
| IRCTC | 714.1 | 730 |
| IREDA | 156.45 | 155 |
| IRFC | 124.84 | 125 |
| ITC | 409.7 | 410 |
| JINDALSTEL | 850.1 | 900 |
| JIOFIN | 222.32 | 230 |
| JSL | 551.7 | 600 |
| JSWENERGY | 506.4 | 530 |
| JSWSTEEL | 1005.75 | 1020 |
| JUBLFOOD | 679.6 | 680 |
| KALYANKJIL | 487.15 | 490 |
| KEI | 2645.1 | 2800 |
| KOTAKBANK | 2131.95 | 2120 |
| KPITTECH | 1134 | 1200 |
| LAURUSLABS | 574.45 | 600 |
| LICHSGFIN | 561.85 | 570 |
| LICI | 792.15 | 800 |
| LODHA | 1180.85 | 1200 |
| LT | 3260.15 | 3360 |
| LTF | 153.72 | 152.5 |
| LTIM | 4136.25 | 4400 |
| LUPIN | 1971.05 | 2000 |
| M&M | 2596.55 | 2700 |
| M&MFIN | 262.3 | 270 |
| MANAPPURAM | 232.83 | 230 |
| MARICO | 677.3 | 660 |
| MARUTI | 11482 | 11500 |
| MAXHEALTH | 1137.65 | 1120 |
| MCX | 5026.8 | 5300 |
| MFSL | 1165.05 | 1160 |
| MGL | 1330.9 | 1380 |
| MOTHERSON | 118.93 | 130 |
| MPHASIS | 2229.2 | 2400 |
| MRF | 113236.95 | 113500 |
| MUTHOOTFIN | 2348.3 | 2300 |
| NATIONALUM | 157.7 | 175 |
| NAUKRI | 6396.6 | 6800 |
| NBCC | 82.73 | 82.5 |
| NCC | 206.85 | 210 |
| NESTLEIND | 2262.15 | 2240 |
| NHPC | 83.04 | 84 |
| NMDC | 65.02 | 69 |
| NTPC | 350.4 | 360 |
| NYKAA | 176.78 | 175 |
| OBEROIRLTY | 1550.6 | 1600 |
| OFSS | 7521.55 | 7750 |
| OIL | 357.75 | 380 |
| ONGC | 226.01 | 237.5 |
| PAGEIND | 42309.8 | 42500 |
| PATANJALI | 1850.35 | 1840 |
| PAYTM | 817.05 | 800 |
| PEL | 961.5 | 1000 |
| PERSISTENT | 4609.95 | 4800 |
| PETRONET | 283.9 | 295 |
| PFC | 406.85 | 420 |
| PHOENIXLTD | 1580.3 | 1600 |
| PIDILITIND | 2892 | 2860 |
| PIIND | 3315.45 | 3450 |
| PNB | 96.61 | 98 |
| PNBHOUSING | 949.45 | 900 |
| POLICYBZR | 1504.2 | 1580 |
| POLYCAB | 5040.75 | 5100 |
| POONAWALLA | 353.05 | 340 |
| POWERGRID | 293.9 | 295 |
| PRESTIGE | 1127.05 | 1160 |
| RAMCOCEM | 941.55 | 920 |
| RBLBANK | 175.68 | 175 |
| RECLTD | 403.4 | 430 |
| RELIANCE | 1204.7 | 1250 |
| SAIL | 112.6 | 117.5 |
| SBICARD | 848 | 860 |
| SBILIFE | 1512.6 | 1540 |
| SBIN | 767.45 | 780 |
| SHREECEM | 30694.5 | 30500 |
| SHRIRAMFIN | 653.6 | 650 |
| SIEMENS | 4928.15 | 5200 |
| SILVER | 87431 | 94000 |
| SJVN | 92.42 | 92.5 |
| SOLARINDS | 10987.1 | 11000 |
| SONACOMS | 421.85 | 450 |
| SRF | 2854.85 | 2900 |
| SUNPHARMA | 1709.35 | 1740 |
| SUPREMEIND | 3278.6 | 3450 |
| SYNGENE | 724.65 | 730 |
| TATACHEM | 812.4 | 860 |
| TATACOMM | 1598.05 | 1600 |
| TATACONSUM | 1087.85 | 1060 |
| TATAELXSI | 5056.65 | 5100 |
| TATAMOTORS | 613.85 | 660 |
| TATAPOWER | 368.95 | 390 |
| TATASTEEL | 140.39 | 150 |
| TATATECH | 648.7 | 660 |
| TCS | 3299.4 | 3460 |
| TECHM | 1320.95 | 1400 |
| TIINDIA | 2637.25 | 2750 |
| TITAGARH | 790.4 | 800 |
| TITAN | 3076.2 | 3100 |
| TORNTPHARM | 3286.5 | 3200 |
| TORNTPOWER | 1537.05 | 1520 |
| TRENT | 5562.85 | 5600 |
| TVSMOTOR | 2464.95 | 2460 |
| ULTRACEMCO | 11498.65 | 11400 |
| UNIONBANK | 122.11 | 125 |
| UNITDSPR | 1427.35 | 1400 |
| UPL | 637.7 | 650 |
| VBL | 535.45 | 530 |
| VEDL | 401.45 | 440 |
| VOLTAS | 1298.1 | 1360 |
| WIPRO | 246.3 | 260 |
| YESBANK | 17.19 | 17 |
| ZOMATO | 210.53 | 210 |
| ZYDUSLIFE | 866.9 | 900 |
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.
