TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
11 Apr 2025 04:11 PM IST
Max Pain for TATAMOTORS is 620
Strike 470 has a total call value of 0 versus a total put value of 518,120,350,000 Combined total value = 518,120,350,000
Strike 480 has a total call value of 0 versus a total put value of 481,859,400,000 Combined total value = 481,859,400,000
Strike 490 has a total call value of 0 versus a total put value of 445,982,900,000 Combined total value = 445,982,900,000
Strike 500 has a total call value of 0 versus a total put value of 410,274,150,000 Combined total value = 410,274,150,000
Strike 510 has a total call value of 102,850,000 versus a total put value of 377,779,600,000 Combined total value = 377,882,450,000
Strike 520 has a total call value of 205,700,000 versus a total put value of 345,699,750,000 Combined total value = 345,905,450,000
Strike 530 has a total call value of 526,900,000 versus a total put value of 314,906,900,000 Combined total value = 315,433,800,000
Strike 540 has a total call value of 1,090,100,000 versus a total put value of 285,060,050,000 Combined total value = 286,150,150,000
Strike 550 has a total call value of 1,940,400,000 versus a total put value of 257,325,750,000 Combined total value = 259,266,150,000
Strike 560 has a total call value of 3,554,100,000 versus a total put value of 232,186,900,000 Combined total value = 235,741,000,000
Strike 570 has a total call value of 6,246,900,000 versus a total put value of 208,888,900,000 Combined total value = 215,135,800,000
Strike 580 has a total call value of 9,945,650,000 versus a total put value of 186,804,200,000 Combined total value = 196,749,850,000
Strike 590 has a total call value of 14,428,700,000 versus a total put value of 166,256,750,000 Combined total value = 180,685,450,000
Strike 600 has a total call value of 20,390,700,000 versus a total put value of 147,248,200,000 Combined total value = 167,638,900,000
Strike 610 has a total call value of 32,489,050,000 versus a total put value of 131,358,150,000 Combined total value = 163,847,200,000
Strike 620 has a total call value of 46,828,100,000 versus a total put value of 116,644,000,000 Combined total value = 163,472,100,000
Strike 630 has a total call value of 64,654,150,000 versus a total put value of 102,988,600,000 Combined total value = 167,642,750,000
Strike 640 has a total call value of 85,473,300,000 versus a total put value of 90,021,250,000 Combined total value = 175,494,550,000
Strike 650 has a total call value of 108,626,650,000 versus a total put value of 77,866,250,000 Combined total value = 186,492,900,000
Strike 660 has a total call value of 136,152,500,000 versus a total put value of 66,941,050,000 Combined total value = 203,093,550,000
Strike 670 has a total call value of 167,110,900,000 versus a total put value of 57,150,500,000 Combined total value = 224,261,400,000
Strike 680 has a total call value of 202,384,050,000 versus a total put value of 49,041,300,000 Combined total value = 251,425,350,000
Strike 690 has a total call value of 242,597,850,000 versus a total put value of 42,370,900,000 Combined total value = 284,968,750,000
Strike 700 has a total call value of 285,544,600,000 versus a total put value of 36,393,500,000 Combined total value = 321,938,100,000
Strike 710 has a total call value of 339,382,450,000 versus a total put value of 31,645,900,000 Combined total value = 371,028,350,000
Strike 720 has a total call value of 395,574,850,000 versus a total put value of 27,287,700,000 Combined total value = 422,862,550,000
Strike 730 has a total call value of 456,223,900,000 versus a total put value of 23,866,150,000 Combined total value = 480,090,050,000
Strike 740 has a total call value of 519,134,550,000 versus a total put value of 20,444,600,000 Combined total value = 539,579,150,000
Strike 750 has a total call value of 583,997,150,000 versus a total put value of 17,488,350,000 Combined total value = 601,485,500,000
Strike 760 has a total call value of 653,958,250,000 versus a total put value of 14,853,300,000 Combined total value = 668,811,550,000
Strike 770 has a total call value of 724,985,800,000 versus a total put value of 12,382,150,000 Combined total value = 737,367,950,000
Strike 780 has a total call value of 796,623,300,000 versus a total put value of 9,992,950,000 Combined total value = 806,616,250,000
Strike 790 has a total call value of 868,957,100,000 versus a total put value of 7,676,350,000 Combined total value = 876,633,450,000
Strike 800 has a total call value of 941,460,300,000 versus a total put value of 5,423,000,000 Combined total value = 946,883,300,000
Strike 810 has a total call value of 1,018,023,600,000 versus a total put value of 4,027,100,000 Combined total value = 1,022,050,700,000
Strike 820 has a total call value of 1,094,586,900,000 versus a total put value of 2,631,200,000 Combined total value = 1,097,218,100,000
Strike 830 has a total call value of 1,172,545,000,000 versus a total put value of 1,315,600,000 Combined total value = 1,173,860,600,000
Strike 840 has a total call value of 1,250,503,100,000 versus a total put value of 0 Combined total value = 1,250,503,100,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 382.95 | 385 |
| ABB | 5143.3 | 5200 |
| ABCAPITAL | 185.33 | 190 |
| ABFRL | 254 | 255 |
| ACC | 2007.35 | 2000 |
| ADANIENSOL | 844.8 | 840 |
| ADANIENT | 2321.4 | 2420 |
| ADANIGREEN | 893.65 | 920 |
| ADANIPORTS | 1164.55 | 1180 |
| ALKEM | 4887.45 | 4900 |
| AMBUJACEM | 548.65 | 550 |
| ANGELONE | 2265 | 2300 |
| APLAPOLLO | 1517.35 | 1500 |
| APOLLOHOSP | 6780.95 | 6700 |
| APOLLOTYRE | 427.75 | 420 |
| ASHOKLEY | 208.5 | 210 |
| ASIANPAINT | 2393.6 | 2380 |
| ASTRAL | 1248.9 | 1300 |
| ATGL | 592.05 | 600 |
| AUBANK | 557.1 | 550 |
| AUROPHARMA | 1082.45 | 1140 |
| AXISBANK | 1068.95 | 1060 |
| BAJAJ-AUTO | 7768.85 | 7900 |
| BAJAJFINSV | 1946.3 | 1940 |
| BAJFINANCE | 8921.1 | 8800 |
| BALKRISIND | 2337.5 | 2400 |
| BANDHANBNK | 149.68 | 150 |
| BANKBARODA | 232.5 | 235 |
| BANKINDIA | 108.16 | 110 |
| BEL | 285 | 285 |
| BERGEPAINT | 530.5 | 520 |
| BHARATFORG | 1002.15 | 1020 |
| BHARTIARTL | 1756.6 | 1740 |
| BHEL | 212.97 | 215 |
| BIOCON | 316.55 | 330 |
| BOSCHLTD | 26359.25 | 27000 |
| BPCL | 293.2 | 280 |
| BRITANNIA | 5350.2 | 5200 |
| BSE | 5644.75 | 5300 |
| BSOFT | 359.75 | 380 |
| CAMS | 3716.7 | 3700 |
| CANBK | 90.54 | 90 |
| CDSL | 1168 | 1200 |
| CESC | 153.7 | 152.5 |
| CGPOWER | 572.4 | 580 |
| CHAMBLFERT | 645.25 | 630 |
| CHOLAFIN | 1475.7 | 1460 |
| CIPLA | 1463.05 | 1460 |
| COALINDIA | 392.1 | 400 |
| COFORGE | 6316.65 | 6600 |
| COLPAL | 2491.65 | 2420 |
| CONCOR | 684.8 | 700 |
| CROMPTON | 334.1 | 340 |
| CUMMINSIND | 2814.95 | 2900 |
| CYIENT | 1144.2 | 1200 |
| DABUR | 461.3 | 475 |
| DALBHARAT | 1811.65 | 1800 |
| DEEPAKNTR | 1932.85 | 1900 |
| DELHIVERY | 246.95 | 250 |
| DIVISLAB | 5589.3 | 5600 |
| DIXON | 14301.9 | 14000 |
| DLF | 623.6 | 650 |
| DMART | 4131.5 | 4050 |
| DRREDDY | 1109.5 | 1120 |
| EICHERMOT | 5350.9 | 5300 |
| ESCORTS | 3178.2 | 3200 |
| ETERNAL | 217.2 | 210 |
| EXIDEIND | 369.3 | 365 |
| FEDERALBNK | 190.44 | 192.5 |
| GAIL | 171.71 | 180 |
| GLENMARK | 1378.1 | 1440 |
| GMRAIRPORT | 85.72 | 82 |
| GODREJCP | 1223.6 | 1200 |
| GODREJPROP | 1948.4 | 2000 |
| GOLDM | 93400 | 91000 |
| GRANULES | 451.3 | 470 |
| GRASIM | 2651.25 | 2600 |
| HAL | 4107.2 | 4200 |
| HAVELLS | 1532.85 | 1500 |
| HCLTECH | 1390.55 | 1460 |
| HDFCAMC | 3987.25 | 3950 |
| HDFCBANK | 1806.75 | 1800 |
| HDFCLIFE | 685.55 | 685 |
| HEROMOTOCO | 3666 | 3700 |
| HFCL | 76.01 | 80 |
| HINDALCO | 600.3 | 610 |
| HINDCOPPER | 199.65 | 210 |
| HINDPETRO | 382.2 | 370 |
| HINDUNILVR | 2366.15 | 2300 |
| HINDZINC | 411.05 | 420 |
| HUDCO | 215.81 | 205 |
| ICICIBANK | 1311.65 | 1320 |
| ICICIGI | 1718.55 | 1760 |
| ICICIPRULI | 552.95 | 560 |
| IDEA | 7.17 | 8 |
| IDFCFIRSTB | 59.92 | 59 |
| IEX | 179.03 | 180 |
| IGL | 174.76 | 180 |
| IIFL | 323.75 | 330 |
| INDHOTEL | 788.6 | 800 |
| INDIANB | 535.8 | 540 |
| INDIGO | 5151.1 | 5100 |
| INDUSINDBK | 689.5 | 700 |
| INDUSTOWER | 373.65 | 360 |
| INFY | 1409.45 | 1500 |
| INOXWIND | 151.59 | 150 |
| IOC | 131.83 | 130 |
| IRB | 45.01 | 45 |
| IRCTC | 730.7 | 730 |
| IREDA | 154.2 | 150 |
| IRFC | 124.11 | 125 |
| ITC | 421.55 | 410 |
| JINDALSTEL | 805.65 | 860 |
| JIOFIN | 230.02 | 230 |
| JSL | 542.05 | 570 |
| JSWENERGY | 493.95 | 500 |
| JSWSTEEL | 990.25 | 1000 |
| JUBLFOOD | 685.3 | 680 |
| KALYANKJIL | 510.75 | 500 |
| KEI | 2607.35 | 2700 |
| KOTAKBANK | 2111.2 | 2100 |
| KPITTECH | 1118.95 | 1140 |
| LAURUSLABS | 605.85 | 590 |
| LICHSGFIN | 559.65 | 560 |
| LICI | 771.05 | 800 |
| LODHA | 1122.6 | 1160 |
| LT | 3115.95 | 3300 |
| LTF | 155.46 | 155 |
| LTIM | 4240.8 | 4300 |
| LUPIN | 1969.25 | 2000 |
| M&M | 2580.35 | 2650 |
| M&MFIN | 263.1 | 270 |
| MANAPPURAM | 225.94 | 230 |
| MARICO | 709.95 | 690 |
| MARUTI | 11599.05 | 11500 |
| MAXHEALTH | 1089.3 | 1100 |
| MCX | 5441.45 | 5300 |
| MFSL | 1163.3 | 1160 |
| MGL | 1277.5 | 1340 |
| MOTHERSON | 118.23 | 120 |
| MPHASIS | 2160.55 | 2200 |
| MRF | 117544.4 | 115000 |
| MUTHOOTFIN | 2017 | 2100 |
| NATIONALUM | 143.22 | 160 |
| NAUKRI | 6545.3 | 6600 |
| NBCC | 89.1 | 85 |
| NCC | 209.97 | 210 |
| NESTLEIND | 2361.4 | 2280 |
| NHPC | 84.2 | 84 |
| NMDC | 62.91 | 65 |
| NTPC | 360.1 | 355 |
| NYKAA | 179.9 | 175 |
| OBEROIRLTY | 1547.35 | 1560 |
| OFSS | 7579.85 | 7600 |
| OIL | 358.9 | 370 |
| ONGC | 230.37 | 235 |
| PAGEIND | 44481.4 | 43000 |
| PATANJALI | 1886.35 | 1820 |
| PAYTM | 840.7 | 800 |
| PEL | 967.75 | 980 |
| PERSISTENT | 4544.6 | 4700 |
| PETRONET | 284.9 | 290 |
| PFC | 400.75 | 410 |
| PHOENIXLTD | 1478 | 1550 |
| PIDILITIND | 2952.6 | 2900 |
| PIIND | 3607.45 | 3500 |
| PNB | 96.08 | 97 |
| PNBHOUSING | 979.4 | 940 |
| POLICYBZR | 1533.15 | 1540 |
| POLYCAB | 5093.25 | 5000 |
| POONAWALLA | 366.3 | 345 |
| POWERGRID | 304.1 | 297.5 |
| PRESTIGE | 1122.85 | 1140 |
| RAMCOCEM | 936.85 | 930 |
| RBLBANK | 173.5 | 175 |
| RECLTD | 402.25 | 420 |
| RELIANCE | 1218.95 | 1250 |
| SAIL | 108.34 | 112.5 |
| SBICARD | 852 | 850 |
| SBILIFE | 1521.9 | 1520 |
| SBIN | 753.85 | 770 |
| SHREECEM | 30107.95 | 30000 |
| SHRIRAMFIN | 638.8 | 640 |
| SIEMENS | 2727.8 | 2800 |
| SILVER | 94300 | 95000 |
| SJVN | 91.43 | 92 |
| SOLARINDS | 11317.05 | 11000 |
| SONACOMS | 430.1 | 430 |
| SRF | 2947.35 | 2860 |
| SUNPHARMA | 1687.55 | 1720 |
| SUPREMEIND | 3168.5 | 3300 |
| SYNGENE | 701.8 | 710 |
| TATACHEM | 832.25 | 850 |
| TATACOMM | 1564.25 | 1600 |
| TATACONSUM | 1097.9 | 1060 |
| TATAELXSI | 4752.05 | 4950 |
| TATAMOTORS | 595.05 | 620 |
| TATAPOWER | 364.45 | 385 |
| TATASTEEL | 133.42 | 137.5 |
| TATATECH | 632.05 | 630 |
| TCS | 3231.5 | 3320 |
| TECHM | 1282.25 | 1340 |
| TIINDIA | 2509.7 | 2600 |
| TITAGARH | 746.95 | 760 |
| TITAN | 3234.9 | 3150 |
| TORNTPHARM | 3129 | 3200 |
| TORNTPOWER | 1562.15 | 1520 |
| TRENT | 4780.55 | 5000 |
| TVSMOTOR | 2513.3 | 2480 |
| ULTRACEMCO | 11502.65 | 11400 |
| UNIONBANK | 117.83 | 120 |
| UNITDSPR | 1476.9 | 1440 |
| UPL | 638.85 | 640 |
| VBL | 545.75 | 540 |
| VEDL | 380.15 | 410 |
| VOLTAS | 1284.9 | 1320 |
| WIPRO | 239.75 | 250 |
| YESBANK | 17.15 | 17 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 868.85 | 880 |
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.
