TATAMOTORS
TATA MOTORS LIMITED
Max pain for TATAMOTORS
19 Apr 2024 04:18 PM IST
Max Pain for TATAMOTORS is 990
Strike 780 has a total call value of 0 versus a total put value of 420,253,875,000 Combined total value = 420,253,875,000
Strike 790 has a total call value of 0 versus a total put value of 396,172,800,000 Combined total value = 396,172,800,000
Strike 800 has a total call value of 0 versus a total put value of 372,091,725,000 Combined total value = 372,091,725,000
Strike 810 has a total call value of 0 versus a total put value of 348,572,100,000 Combined total value = 348,572,100,000
Strike 820 has a total call value of 0 versus a total put value of 325,052,475,000 Combined total value = 325,052,475,000
Strike 830 has a total call value of 71,250,000 versus a total put value of 301,652,550,000 Combined total value = 301,723,800,000
Strike 840 has a total call value of 146,775,000 versus a total put value of 278,298,225,000 Combined total value = 278,445,000,000
Strike 850 has a total call value of 222,300,000 versus a total put value of 255,005,175,000 Combined total value = 255,227,475,000
Strike 860 has a total call value of 595,650,000 versus a total put value of 232,582,800,000 Combined total value = 233,178,450,000
Strike 870 has a total call value of 969,000,000 versus a total put value of 210,453,975,000 Combined total value = 211,422,975,000
Strike 880 has a total call value of 1,342,350,000 versus a total put value of 188,510,400,000 Combined total value = 189,852,750,000
Strike 890 has a total call value of 1,719,975,000 versus a total put value of 167,027,100,000 Combined total value = 168,747,075,000
Strike 900 has a total call value of 2,100,450,000 versus a total put value of 145,764,675,000 Combined total value = 147,865,125,000
Strike 910 has a total call value of 2,999,625,000 versus a total put value of 126,504,375,000 Combined total value = 129,504,000,000
Strike 920 has a total call value of 3,941,550,000 versus a total put value of 107,846,850,000 Combined total value = 111,788,400,000
Strike 930 has a total call value of 4,951,875,000 versus a total put value of 90,212,475,000 Combined total value = 95,164,350,000
Strike 940 has a total call value of 6,083,325,000 versus a total put value of 73,974,600,000 Combined total value = 80,057,925,000
Strike 950 has a total call value of 7,429,950,000 versus a total put value of 59,889,900,000 Combined total value = 67,319,850,000
Strike 960 has a total call value of 9,420,675,000 versus a total put value of 47,872,875,000 Combined total value = 57,293,550,000
Strike 970 has a total call value of 12,504,375,000 versus a total put value of 37,211,025,000 Combined total value = 49,715,400,000
Strike 980 has a total call value of 17,392,125,000 versus a total put value of 27,751,875,000 Combined total value = 45,144,000,000
Strike 990 has a total call value of 24,408,825,000 versus a total put value of 19,593,750,000 Combined total value = 44,002,575,000
Strike 1000 has a total call value of 34,026,150,000 versus a total put value of 12,361,875,000 Combined total value = 46,388,025,000
Strike 1010 has a total call value of 53,792,325,000 versus a total put value of 8,086,875,000 Combined total value = 61,879,200,000
Strike 1020 has a total call value of 76,783,275,000 versus a total put value of 5,551,800,000 Combined total value = 82,335,075,000
Strike 1030 has a total call value of 106,155,375,000 versus a total put value of 4,096,875,000 Combined total value = 110,252,250,000
Strike 1040 has a total call value of 139,070,025,000 versus a total put value of 3,025,275,000 Combined total value = 142,095,300,000
Strike 1050 has a total call value of 174,350,175,000 versus a total put value of 2,178,825,000 Combined total value = 176,529,000,000
Strike 1060 has a total call value of 215,572,575,000 versus a total put value of 1,772,700,000 Combined total value = 217,345,275,000
Strike 1070 has a total call value of 258,921,075,000 versus a total put value of 1,366,575,000 Combined total value = 260,287,650,000
Strike 1080 has a total call value of 303,382,500,000 versus a total put value of 960,450,000 Combined total value = 304,342,950,000
Strike 1090 has a total call value of 349,670,775,000 versus a total put value of 642,675,000 Combined total value = 350,313,450,000
Strike 1100 has a total call value of 396,768,450,000 versus a total put value of 324,900,000 Combined total value = 397,093,350,000
Strike 1110 has a total call value of 449,279,700,000 versus a total put value of 283,575,000 Combined total value = 449,563,275,000
Strike 1120 has a total call value of 502,697,250,000 versus a total put value of 242,250,000 Combined total value = 502,939,500,000
Strike 1130 has a total call value of 556,803,075,000 versus a total put value of 200,925,000 Combined total value = 557,004,000,000
Strike 1140 has a total call value of 611,362,050,000 versus a total put value of 159,600,000 Combined total value = 611,521,650,000
Strike 1150 has a total call value of 666,227,400,000 versus a total put value of 119,700,000 Combined total value = 666,347,100,000
Strike 1160 has a total call value of 722,044,650,000 versus a total put value of 79,800,000 Combined total value = 722,124,450,000
Strike 1170 has a total call value of 778,233,825,000 versus a total put value of 39,900,000 Combined total value = 778,273,725,000
Strike 1180 has a total call value of 834,635,325,000 versus a total put value of 0 Combined total value = 834,635,325,000
Max Pain - Choose a symbol
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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.