TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
16 Sep 2024 04:11 PM IST
Max Pain for TATAMOTORS is 1000
Strike 830 has a total call value of 0 versus a total put value of 504,843,900,000 Combined total value = 504,843,900,000
Strike 840 has a total call value of 0 versus a total put value of 471,237,250,000 Combined total value = 471,237,250,000
Strike 850 has a total call value of 0 versus a total put value of 437,720,250,000 Combined total value = 437,720,250,000
Strike 860 has a total call value of 0 versus a total put value of 404,698,800,000 Combined total value = 404,698,800,000
Strike 870 has a total call value of 0 versus a total put value of 372,426,450,000 Combined total value = 372,426,450,000
Strike 880 has a total call value of 0 versus a total put value of 340,435,700,000 Combined total value = 340,435,700,000
Strike 890 has a total call value of 67,650,000 versus a total put value of 309,342,550,000 Combined total value = 309,410,200,000
Strike 900 has a total call value of 135,300,000 versus a total put value of 278,498,000,000 Combined total value = 278,633,300,000
Strike 910 has a total call value of 409,750,000 versus a total put value of 250,248,900,000 Combined total value = 250,658,650,000
Strike 920 has a total call value of 706,200,000 versus a total put value of 222,631,750,000 Combined total value = 223,337,950,000
Strike 930 has a total call value of 1,028,500,000 versus a total put value of 196,350,550,000 Combined total value = 197,379,050,000
Strike 940 has a total call value of 1,438,800,000 versus a total put value of 171,857,950,000 Combined total value = 173,296,750,000
Strike 950 has a total call value of 1,948,100,000 versus a total put value of 148,767,300,000 Combined total value = 150,715,400,000
Strike 960 has a total call value of 3,205,400,000 versus a total put value of 128,217,650,000 Combined total value = 131,423,050,000
Strike 970 has a total call value of 4,866,400,000 versus a total put value of 109,527,000,000 Combined total value = 114,393,400,000
Strike 980 has a total call value of 7,630,700,000 versus a total put value of 92,819,100,000 Combined total value = 100,449,800,000
Strike 990 has a total call value of 12,898,600,000 versus a total put value of 78,257,850,000 Combined total value = 91,156,450,000
Strike 1000 has a total call value of 21,850,950,000 versus a total put value of 65,171,700,000 Combined total value = 87,022,650,000
Strike 1010 has a total call value of 40,411,250,000 versus a total put value of 55,770,550,000 Combined total value = 96,181,800,000
Strike 1020 has a total call value of 62,251,750,000 versus a total put value of 46,696,650,000 Combined total value = 108,948,400,000
Strike 1030 has a total call value of 88,029,700,000 versus a total put value of 38,377,900,000 Combined total value = 126,407,600,000
Strike 1040 has a total call value of 116,393,750,000 versus a total put value of 30,919,900,000 Combined total value = 147,313,650,000
Strike 1050 has a total call value of 148,482,400,000 versus a total put value of 24,426,050,000 Combined total value = 172,908,450,000
Strike 1060 has a total call value of 187,284,350,000 versus a total put value of 19,141,100,000 Combined total value = 206,425,450,000
Strike 1070 has a total call value of 229,733,350,000 versus a total put value of 14,923,700,000 Combined total value = 244,657,050,000
Strike 1080 has a total call value of 275,727,100,000 versus a total put value of 11,218,900,000 Combined total value = 286,946,000,000
Strike 1090 has a total call value of 327,616,300,000 versus a total put value of 8,483,750,000 Combined total value = 336,100,050,000
Strike 1100 has a total call value of 384,321,300,000 versus a total put value of 6,290,900,000 Combined total value = 390,612,200,000
Strike 1110 has a total call value of 459,506,300,000 versus a total put value of 5,260,750,000 Combined total value = 464,767,050,000
Strike 1120 has a total call value of 537,067,300,000 versus a total put value of 4,494,050,000 Combined total value = 541,561,350,000
Strike 1130 has a total call value of 617,900,250,000 versus a total put value of 3,727,350,000 Combined total value = 621,627,600,000
Strike 1140 has a total call value of 700,656,550,000 versus a total put value of 2,960,650,000 Combined total value = 703,617,200,000
Strike 1150 has a total call value of 785,053,500,000 versus a total put value of 2,193,950,000 Combined total value = 787,247,450,000
Strike 1160 has a total call value of 873,705,250,000 versus a total put value of 1,797,400,000 Combined total value = 875,502,650,000
Strike 1170 has a total call value of 963,633,550,000 versus a total put value of 1,499,300,000 Combined total value = 965,132,850,000
Strike 1180 has a total call value of 1,054,109,100,000 versus a total put value of 1,201,200,000 Combined total value = 1,055,310,300,000
Strike 1190 has a total call value of 1,145,166,550,000 versus a total put value of 903,100,000 Combined total value = 1,146,069,650,000
Strike 1200 has a total call value of 1,236,521,550,000 versus a total put value of 605,000,000 Combined total value = 1,237,126,550,000
Strike 1210 has a total call value of 1,331,729,300,000 versus a total put value of 544,500,000 Combined total value = 1,332,273,800,000
Strike 1220 has a total call value of 1,427,085,000,000 versus a total put value of 484,000,000 Combined total value = 1,427,569,000,000
Strike 1230 has a total call value of 1,522,780,050,000 versus a total put value of 423,500,000 Combined total value = 1,523,203,550,000
Strike 1240 has a total call value of 1,618,588,950,000 versus a total put value of 363,000,000 Combined total value = 1,618,951,950,000
Strike 1250 has a total call value of 1,714,623,900,000 versus a total put value of 302,500,000 Combined total value = 1,714,926,400,000
Strike 1260 has a total call value of 1,811,021,850,000 versus a total put value of 242,000,000 Combined total value = 1,811,263,850,000
Strike 1270 has a total call value of 1,907,776,200,000 versus a total put value of 181,500,000 Combined total value = 1,907,957,700,000
Strike 1280 has a total call value of 2,004,530,550,000 versus a total put value of 121,000,000 Combined total value = 2,004,651,550,000
Strike 1290 has a total call value of 2,101,440,000,000 versus a total put value of 60,500,000 Combined total value = 2,101,500,500,000
Strike 1300 has a total call value of 2,198,349,450,000 versus a total put value of 0 Combined total value = 2,198,349,450,000
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.