TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
14 Jan 2025 03:31 PM IST
Max Pain for TATAMOTORS is 780
Strike 580 has a total call value of 0 versus a total put value of 595,029,600,000 Combined total value = 595,029,600,000
Strike 590 has a total call value of 11,000,000 versus a total put value of 561,006,600,000 Combined total value = 561,017,600,000
Strike 600 has a total call value of 22,000,000 versus a total put value of 526,983,600,000 Combined total value = 527,005,600,000
Strike 610 has a total call value of 75,900,000 versus a total put value of 493,205,350,000 Combined total value = 493,281,250,000
Strike 620 has a total call value of 129,800,000 versus a total put value of 459,427,100,000 Combined total value = 459,556,900,000
Strike 630 has a total call value of 183,700,000 versus a total put value of 426,051,450,000 Combined total value = 426,235,150,000
Strike 640 has a total call value of 237,600,000 versus a total put value of 393,424,900,000 Combined total value = 393,662,500,000
Strike 650 has a total call value of 291,500,000 versus a total put value of 361,378,600,000 Combined total value = 361,670,100,000
Strike 660 has a total call value of 345,400,000 versus a total put value of 330,750,750,000 Combined total value = 331,096,150,000
Strike 670 has a total call value of 405,900,000 versus a total put value of 300,755,400,000 Combined total value = 301,161,300,000
Strike 680 has a total call value of 476,850,000 versus a total put value of 271,389,250,000 Combined total value = 271,866,100,000
Strike 690 has a total call value of 660,000,000 versus a total put value of 242,991,650,000 Combined total value = 243,651,650,000
Strike 700 has a total call value of 905,300,000 versus a total put value of 215,275,500,000 Combined total value = 216,180,800,000
Strike 710 has a total call value of 1,518,000,000 versus a total put value of 190,827,450,000 Combined total value = 192,345,450,000
Strike 720 has a total call value of 2,330,350,000 versus a total put value of 167,384,250,000 Combined total value = 169,714,600,000
Strike 730 has a total call value of 3,474,350,000 versus a total put value of 145,477,750,000 Combined total value = 148,952,100,000
Strike 740 has a total call value of 5,159,000,000 versus a total put value of 124,975,950,000 Combined total value = 130,134,950,000
Strike 750 has a total call value of 7,761,600,000 versus a total put value of 106,083,450,000 Combined total value = 113,845,050,000
Strike 760 has a total call value of 12,239,700,000 versus a total put value of 90,632,300,000 Combined total value = 102,872,000,000
Strike 770 has a total call value of 19,202,150,000 versus a total put value of 77,465,850,000 Combined total value = 96,668,000,000
Strike 780 has a total call value of 27,608,350,000 versus a total put value of 66,393,250,000 Combined total value = 94,001,600,000
Strike 790 has a total call value of 39,420,700,000 versus a total put value of 57,707,100,000 Combined total value = 97,127,800,000
Strike 800 has a total call value of 53,892,850,000 versus a total put value of 50,166,050,000 Combined total value = 104,058,900,000
Strike 810 has a total call value of 76,735,450,000 versus a total put value of 45,239,700,000 Combined total value = 121,975,150,000
Strike 820 has a total call value of 102,292,300,000 versus a total put value of 40,634,000,000 Combined total value = 142,926,300,000
Strike 830 has a total call value of 131,659,000,000 versus a total put value of 36,681,150,000 Combined total value = 168,340,150,000
Strike 840 has a total call value of 162,867,650,000 versus a total put value of 32,957,650,000 Combined total value = 195,825,300,000
Strike 850 has a total call value of 195,956,750,000 versus a total put value of 29,447,000,000 Combined total value = 225,403,750,000
Strike 860 has a total call value of 233,826,450,000 versus a total put value of 26,458,850,000 Combined total value = 260,285,300,000
Strike 870 has a total call value of 273,109,100,000 versus a total put value of 23,653,850,000 Combined total value = 296,762,950,000
Strike 880 has a total call value of 313,476,350,000 versus a total put value of 20,881,850,000 Combined total value = 334,358,200,000
Strike 890 has a total call value of 354,727,450,000 versus a total put value of 18,395,300,000 Combined total value = 373,122,750,000
Strike 900 has a total call value of 396,875,600,000 versus a total put value of 15,908,750,000 Combined total value = 412,784,350,000
Strike 910 has a total call value of 443,768,050,000 versus a total put value of 14,178,450,000 Combined total value = 457,946,500,000
Strike 920 has a total call value of 491,118,100,000 versus a total put value of 12,459,700,000 Combined total value = 503,577,800,000
Strike 930 has a total call value of 539,295,350,000 versus a total put value of 10,740,950,000 Combined total value = 550,036,300,000
Strike 940 has a total call value of 587,472,600,000 versus a total put value of 9,022,200,000 Combined total value = 596,494,800,000
Strike 950 has a total call value of 636,229,000,000 versus a total put value of 7,434,900,000 Combined total value = 643,663,900,000
Strike 960 has a total call value of 684,985,400,000 versus a total put value of 5,847,600,000 Combined total value = 690,833,000,000
Strike 970 has a total call value of 734,210,400,000 versus a total put value of 4,385,700,000 Combined total value = 738,596,100,000
Strike 980 has a total call value of 783,435,400,000 versus a total put value of 2,923,800,000 Combined total value = 786,359,200,000
Strike 990 has a total call value of 832,660,400,000 versus a total put value of 1,461,900,000 Combined total value = 834,122,300,000
Strike 1000 has a total call value of 881,885,400,000 versus a total put value of 0 Combined total value = 881,885,400,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 409.35 | 420 |
ABB | 6146.6 | 6600 |
ABBOTINDIA | 28235.55 | 29000 |
ABCAPITAL | 174.37 | 182.5 |
ABFRL | 270.1 | 280 |
ACC | 1946.25 | 2080 |
ADANIENSOL | 771.3 | 780 |
ADANIENT | 2380.55 | 2500 |
ADANIGREEN | 1006.85 | 1000 |
ADANIPORTS | 1117.1 | 1180 |
ALKEM | 5264.8 | 5450 |
AMBUJACEM | 515.35 | 550 |
ANGELONE | 2370.55 | 2500 |
APLAPOLLO | 1466.9 | 1520 |
APOLLOHOSP | 6706.85 | 7050 |
APOLLOTYRE | 452.8 | 470 |
ASHOKLEY | 210.05 | 220 |
ASIANPAINT | 2239.95 | 2300 |
ASTRAL | 1493.5 | 1600 |
ATGL | 669.8 | 670 |
ATUL | 6736.9 | 6900 |
AUBANK | 575.1 | 565 |
AUROPHARMA | 1174.5 | 1220 |
AXISBANK | 1051.65 | 1080 |
BAJAJ-AUTO | 8611.2 | 8900 |
BAJAJFINSV | 1713.5 | 1660 |
BAJFINANCE | 7335 | 7200 |
BALKRISIND | 2705.35 | 2800 |
BANDHANBNK | 147.94 | 160 |
BANKBARODA | 223.72 | 240 |
BANKINDIA | 94.62 | 98 |
BATAINDIA | 1343.55 | 1380 |
BEL | 269.9 | 280 |
BERGEPAINT | 462.45 | 460 |
BHARATFORG | 1190.4 | 1260 |
BHARTIARTL | 1600.1 | 1600 |
BHEL | 197.1 | 220 |
BIOCON | 387.65 | 375 |
BOSCHLTD | 31621.7 | 33000 |
BPCL | 270.2 | 280 |
BRITANNIA | 4862.4 | 4850 |
BSE | 5448.85 | 5300 |
BSOFT | 532.9 | 560 |
CAMS | 4219.6 | 4600 |
CANBK | 93.22 | 98 |
CANFINHOME | 670.8 | 700 |
CDSL | 1572.5 | 1700 |
CESC | 153.69 | 160 |
CGPOWER | 640.15 | 670 |
CHAMBLFERT | 475.05 | 490 |
CHOLAFIN | 1270.7 | 1260 |
CIPLA | 1447.75 | 1500 |
COALINDIA | 369.25 | 385 |
COFORGE | 8592.4 | 9000 |
COLPAL | 2713.3 | 2780 |
CONCOR | 761.75 | 780 |
COROMANDEL | 1835.3 | 1880 |
CROMPTON | 357.2 | 370 |
CUB | 167.4 | 170 |
CUMMINSIND | 2940.95 | 3150 |
CYIENT | 1713.45 | 1720 |
DABUR | 512.5 | 515 |
DALBHARAT | 1729 | 1740 |
DEEPAKNTR | 2340.85 | 2450 |
DELHIVERY | 324 | 335 |
DIVISLAB | 5990.3 | 5900 |
DIXON | 16274.9 | 17000 |
DLF | 723.25 | 770 |
DMART | 3476.5 | 3700 |
DRREDDY | 1337.55 | 1350 |
EICHERMOT | 5029.55 | 5000 |
ESCORTS | 3439 | 3300 |
EXIDEIND | 382.25 | 410 |
FEDERALBNK | 192.56 | 197.5 |
GAIL | 175.96 | 190 |
GLENMARK | 1515.95 | 1560 |
GMRAIRPORT | 72.2 | 78 |
GMRINFRA | 0 | 32 |
GNFC | 535.15 | 550 |
GODREJCP | 1140.45 | 1140 |
GODREJPROP | 2307.95 | 2500 |
GRANULES | 583.75 | 590 |
GRASIM | 2310.6 | 2480 |
GUJGASLTD | 487.05 | 495 |
HAL | 3828.35 | 4100 |
HAVELLS | 1525 | 1600 |
HCLTECH | 1813.55 | 1840 |
HDFCAMC | 3865.05 | 3900 |
HDFCBANK | 1646.6 | 1700 |
HDFCLIFE | 600.45 | 620 |
HEROMOTOCO | 4102.65 | 4200 |
HFCL | 98.07 | 105 |
HINDALCO | 590.9 | 600 |
HINDCOPPER | 226.08 | 250 |
HINDPETRO | 373.25 | 390 |
HINDUNILVR | 2367.95 | 2400 |
HUDCO | 214.29 | 220 |
ICICIBANK | 1240.3 | 1270 |
ICICIGI | 1831.2 | 1860 |
ICICIPRULI | 642.15 | 660 |
IDEA | 8.25 | 8 |
IDFCFIRSTB | 61.94 | 63 |
IEX | 166.83 | 177.5 |
IGL | 411.25 | 410 |
INDHOTEL | 781.4 | 800 |
INDIAMART | 2254.7 | 2300 |
INDIANB | 505.8 | 520 |
INDIGO | 3995 | 4300 |
INDUSINDBK | 962.1 | 980 |
INDUSTOWER | 340.3 | 340 |
INFY | 1940.05 | 1940 |
IOC | 126.63 | 135 |
IPCALAB | 1588.15 | 1640 |
IRB | 51.27 | 55 |
IRCTC | 757.75 | 790 |
IRFC | 135.55 | 135 |
ITC | 436.6 | 445 |
JINDALSTEL | 909.9 | 940 |
JIOFIN | 272.85 | 285 |
JKCEMENT | 4388.55 | 4500 |
JSL | 625.45 | 630 |
JSWENERGY | 547.85 | 570 |
JSWSTEEL | 906.05 | 920 |
JUBLFOOD | 708.9 | 730 |
KALYANKJIL | 596.4 | 640 |
KEI | 4020.3 | 4200 |
KOTAKBANK | 1750.6 | 1800 |
KPITTECH | 1323.95 | 1400 |
LALPATHLAB | 2803.05 | 2950 |
LAURUSLABS | 568 | 590 |
LICHSGFIN | 552.4 | 590 |
LICI | 825.4 | 860 |
LODHA | 1144.15 | 1260 |
LT | 3462.6 | 3600 |
LTF | 133.73 | 137.5 |
LTIM | 5751.9 | 5800 |
LTTS | 4706.55 | 4800 |
LUPIN | 2154.6 | 2240 |
M&M | 3049.5 | 3100 |
M&MFIN | 266.8 | 270 |
MANAPPURAM | 178.71 | 190 |
MARICO | 661.1 | 660 |
MARUTI | 11741.15 | 11600 |
MAXHEALTH | 1084.9 | 1140 |
MCX | 5694.05 | 6000 |
METROPOLIS | 1872.05 | 2000 |
MFSL | 1051.4 | 1100 |
MGL | 1269.65 | 1280 |
MOTHERSON | 145.58 | 155 |
MPHASIS | 2780.25 | 2900 |
MRF | 114213.4 | 118000 |
MUTHOOTFIN | 2123.85 | 2140 |
NATIONALUM | 199.51 | 210 |
NAUKRI | 7457.75 | 8000 |
NAVINFLUOR | 3631.85 | 3650 |
NCC | 246.5 | 260 |
NESTLEIND | 2219.05 | 2200 |
NHPC | 76.39 | 78 |
NMDC | 63.36 | 67 |
NTPC | 310.4 | 320 |
NYKAA | 164.93 | 167.5 |
OBEROIRLTY | 1975.25 | 2120 |
OFSS | 10747.1 | 11500 |
OIL | 465.15 | 460 |
ONGC | 260.37 | 257.5 |
PAGEIND | 46471.5 | 47000 |
PAYTM | 817.9 | 860 |
PEL | 1026.05 | 1080 |
PERSISTENT | 5880.1 | 6200 |
PETRONET | 325.5 | 335 |
PFC | 417.4 | 440 |
PIDILITIND | 2808.95 | 2900 |
PIIND | 3463.2 | 3600 |
PNB | 98.41 | 102 |
POLICYBZR | 1743.85 | 1850 |
POLYCAB | 6474.7 | 6800 |
POONAWALLA | 308.85 | 315 |
POWERGRID | 290.25 | 305 |
PRESTIGE | 1426.3 | 1550 |
PVRINOX | 1086.25 | 1180 |
RAMCOCEM | 884.1 | 930 |
RBLBANK | 153.92 | 160 |
RECLTD | 476.15 | 500 |
RELIANCE | 1238.75 | 1250 |
SAIL | 105.88 | 112.5 |
SBICARD | 734.7 | 730 |
SBILIFE | 1499.25 | 1440 |
SBIN | 748.15 | 780 |
SHREECEM | 25130.2 | 25750 |
SHRIRAMFIN | 544.1 | 570 |
SIEMENS | 5863.45 | 6200 |
SJVN | 94.04 | 100 |
SONACOMS | 569.9 | 580 |
SRF | 2509.75 | 2560 |
SUNPHARMA | 1770.85 | 1820 |
SUNTV | 658 | 680 |
SUPREMEIND | 4366.05 | 4500 |
SYNGENE | 827.5 | 850 |
TATACHEM | 965.5 | 1020 |
TATACOMM | 1676.9 | 1740 |
TATACONSUM | 963.15 | 950 |
TATAELXSI | 6084.8 | 6200 |
TATAMOTORS | 770.5 | 780 |
TATAPOWER | 356.95 | 380 |
TATASTEEL | 126.93 | 135 |
TCS | 4233.05 | 4200 |
TECHM | 1647.5 | 1680 |
TIINDIA | 3321.3 | 3500 |
TITAN | 3322.5 | 3400 |
TORNTPHARM | 3252.4 | 3350 |
TRENT | 6161.15 | 6700 |
TVSMOTOR | 2235 | 2320 |
UBL | 1965.3 | 1980 |
ULTRACEMCO | 10483.75 | 11100 |
UNIONBANK | 104.08 | 110 |
UNITDSPR | 1407.25 | 1500 |
UPL | 541.85 | 537.2 |
VBL | 566.3 | 600 |
VEDL | 430.6 | 450 |
VOLTAS | 1637.65 | 1720 |
WIPRO | 292.85 | 295 |
YESBANK | 18.02 | 19 |
ZOMATO | 233.6 | 250 |
ZYDUSLIFE | 1000.15 | 1000 |
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.