TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
28 Feb 2025 04:11 PM IST
Max Pain for TATAMOTORS is 660
Strike 520 has a total call value of 0 versus a total put value of 287,443,750,000 Combined total value = 287,443,750,000
Strike 530 has a total call value of 0 versus a total put value of 268,049,650,000 Combined total value = 268,049,650,000
Strike 540 has a total call value of 0 versus a total put value of 248,655,550,000 Combined total value = 248,655,550,000
Strike 550 has a total call value of 4,400,000 versus a total put value of 230,221,750,000 Combined total value = 230,226,150,000
Strike 560 has a total call value of 8,800,000 versus a total put value of 211,787,950,000 Combined total value = 211,796,750,000
Strike 570 has a total call value of 75,350,000 versus a total put value of 194,683,500,000 Combined total value = 194,758,850,000
Strike 580 has a total call value of 147,400,000 versus a total put value of 177,881,000,000 Combined total value = 178,028,400,000
Strike 590 has a total call value of 252,450,000 versus a total put value of 162,116,900,000 Combined total value = 162,369,350,000
Strike 600 has a total call value of 399,300,000 versus a total put value of 146,776,850,000 Combined total value = 147,176,150,000
Strike 610 has a total call value of 924,550,000 versus a total put value of 133,073,050,000 Combined total value = 133,997,600,000
Strike 620 has a total call value of 1,683,000,000 versus a total put value of 119,986,350,000 Combined total value = 121,669,350,000
Strike 630 has a total call value of 3,019,500,000 versus a total put value of 107,689,450,000 Combined total value = 110,708,950,000
Strike 640 has a total call value of 5,907,550,000 versus a total put value of 96,195,000,000 Combined total value = 102,102,550,000
Strike 650 has a total call value of 10,550,100,000 versus a total put value of 85,578,900,000 Combined total value = 96,129,000,000
Strike 660 has a total call value of 18,318,300,000 versus a total put value of 76,528,650,000 Combined total value = 94,846,950,000
Strike 670 has a total call value of 28,626,950,000 versus a total put value of 68,692,250,000 Combined total value = 97,319,200,000
Strike 680 has a total call value of 41,569,550,000 versus a total put value of 61,815,600,000 Combined total value = 103,385,150,000
Strike 690 has a total call value of 57,072,400,000 versus a total put value of 55,900,900,000 Combined total value = 112,973,300,000
Strike 700 has a total call value of 74,215,900,000 versus a total put value of 50,464,150,000 Combined total value = 124,680,050,000
Strike 710 has a total call value of 96,876,450,000 versus a total put value of 46,445,300,000 Combined total value = 143,321,750,000
Strike 720 has a total call value of 120,337,250,000 versus a total put value of 42,639,300,000 Combined total value = 162,976,550,000
Strike 730 has a total call value of 145,223,100,000 versus a total put value of 39,069,800,000 Combined total value = 184,292,900,000
Strike 740 has a total call value of 170,932,850,000 versus a total put value of 35,544,850,000 Combined total value = 206,477,700,000
Strike 750 has a total call value of 197,251,450,000 versus a total put value of 32,129,900,000 Combined total value = 229,381,350,000
Strike 760 has a total call value of 225,333,350,000 versus a total put value of 28,966,300,000 Combined total value = 254,299,650,000
Strike 770 has a total call value of 255,076,800,000 versus a total put value of 25,953,950,000 Combined total value = 281,030,750,000
Strike 780 has a total call value of 284,999,000,000 versus a total put value of 22,941,600,000 Combined total value = 307,940,600,000
Strike 790 has a total call value of 315,222,050,000 versus a total put value of 20,070,600,000 Combined total value = 335,292,650,000
Strike 800 has a total call value of 345,635,950,000 versus a total put value of 17,199,600,000 Combined total value = 362,835,550,000
Strike 810 has a total call value of 378,701,950,000 versus a total put value of 15,485,250,000 Combined total value = 394,187,200,000
Strike 820 has a total call value of 411,767,950,000 versus a total put value of 13,770,900,000 Combined total value = 425,538,850,000
Strike 830 has a total call value of 445,080,350,000 versus a total put value of 12,056,550,000 Combined total value = 457,136,900,000
Strike 840 has a total call value of 478,392,750,000 versus a total put value of 10,342,200,000 Combined total value = 488,734,950,000
Strike 850 has a total call value of 511,965,850,000 versus a total put value of 8,914,400,000 Combined total value = 520,880,250,000
Strike 860 has a total call value of 545,538,950,000 versus a total put value of 7,486,600,000 Combined total value = 553,025,550,000
Strike 870 has a total call value of 579,112,050,000 versus a total put value of 6,058,800,000 Combined total value = 585,170,850,000
Strike 880 has a total call value of 612,685,150,000 versus a total put value of 4,631,000,000 Combined total value = 617,316,150,000
Strike 890 has a total call value of 646,525,550,000 versus a total put value of 3,473,250,000 Combined total value = 649,998,800,000
Strike 900 has a total call value of 680,365,950,000 versus a total put value of 2,315,500,000 Combined total value = 682,681,450,000
Strike 910 has a total call value of 714,206,350,000 versus a total put value of 1,157,750,000 Combined total value = 715,364,100,000
Strike 920 has a total call value of 748,046,750,000 versus a total put value of 0 Combined total value = 748,046,750,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 376 | 400 |
| ABB | 4935.4 | 5200 |
| ABCAPITAL | 156.33 | 165 |
| ABFRL | 242.15 | 255 |
| ACC | 1818.55 | 2000 |
| ADANIENSOL | 650.9 | 680 |
| ADANIENT | 2096 | 2500 |
| ADANIGREEN | 774.4 | 820 |
| ADANIPORTS | 1069.4 | 1100 |
| ALKEM | 4646.2 | 4650 |
| AMBUJACEM | 464.95 | 510 |
| ANGELONE | 2169.15 | 2100 |
| APLAPOLLO | 1438.95 | 1460 |
| APOLLOHOSP | 6052.6 | 6200 |
| APOLLOTYRE | 374.3 | 400 |
| ASHOKLEY | 212.94 | 220 |
| ASIANPAINT | 2179.75 | 2260 |
| ASTRAL | 1337.25 | 1400 |
| ATGL | 557.15 | 560 |
| AUBANK | 565.7 | 555 |
| AUROPHARMA | 1058.3 | 1100 |
| AXISBANK | 1015.55 | 1030 |
| BAJAJ-AUTO | 7902.9 | 8300 |
| BAJAJFINSV | 1872.3 | 1900 |
| BAJFINANCE | 8530.3 | 8500 |
| BALKRISIND | 2615.65 | 2700 |
| BANDHANBNK | 141.19 | 145 |
| BANKBARODA | 197.07 | 215 |
| BANKINDIA | 95.16 | 100 |
| BEL | 246.25 | 260 |
| BERGEPAINT | 488.55 | 490 |
| BHARATFORG | 1016.5 | 1040 |
| BHARTIARTL | 1570.2 | 1620 |
| BHEL | 179.17 | 195 |
| BIOCON | 302.45 | 320 |
| BOSCHLTD | 26544 | 30000 |
| BPCL | 237.3 | 250 |
| BRITANNIA | 4595.45 | 4800 |
| BSE | 4633.7 | 5100 |
| BSOFT | 424.05 | 450 |
| CAMS | 3143.1 | 3300 |
| CANBK | 80.9 | 88 |
| CDSL | 1107.9 | 1200 |
| CESC | 130.79 | 135 |
| CGPOWER | 572.6 | 580 |
| CHAMBLFERT | 533.7 | 550 |
| CHOLAFIN | 1400.75 | 1400 |
| CIPLA | 1407.5 | 1460 |
| COALINDIA | 369.35 | 380 |
| COFORGE | 7362.15 | 7400 |
| COLPAL | 2464.6 | 2500 |
| CONCOR | 623.7 | 680 |
| CROMPTON | 321.15 | 330 |
| CUMMINSIND | 2717.95 | 2800 |
| CYIENT | 1267.15 | 1300 |
| DABUR | 493.3 | 510 |
| DALBHARAT | 1689.65 | 1700 |
| DEEPAKNTR | 1851.3 | 1900 |
| DELHIVERY | 249.85 | 260 |
| DIVISLAB | 5480.25 | 5650 |
| DIXON | 13935.85 | 14000 |
| DLF | 635.55 | 670 |
| DMART | 3403.95 | 3550 |
| DRREDDY | 1116.5 | 1150 |
| EICHERMOT | 4773.6 | 4950 |
| ESCORTS | 2868.95 | 3000 |
| EXIDEIND | 347.8 | 370 |
| FEDERALBNK | 177.62 | 180 |
| GAIL | 156.04 | 160 |
| GLENMARK | 1278.95 | 1300 |
| GMRAIRPORT | 69.47 | 71 |
| GODREJCP | 1005.15 | 1030 |
| GODREJPROP | 1936.3 | 2000 |
| GRANULES | 461.8 | 490 |
| GRASIM | 2306.65 | 2360 |
| HAL | 3088.2 | 3400 |
| HAVELLS | 1421.8 | 1440 |
| HCLTECH | 1575.05 | 1640 |
| HDFCAMC | 3628.3 | 3800 |
| HDFCBANK | 1732.4 | 1720 |
| HDFCLIFE | 608.5 | 620 |
| HEROMOTOCO | 3681.1 | 3800 |
| HFCL | 79.19 | 85 |
| HINDALCO | 634.35 | 630 |
| HINDCOPPER | 202.32 | 220 |
| HINDPETRO | 293.75 | 310 |
| HINDUNILVR | 2190.25 | 2300 |
| HUDCO | 165.14 | 180 |
| ICICIBANK | 1204.1 | 1250 |
| ICICIGI | 1690.95 | 1720 |
| ICICIPRULI | 551.6 | 560 |
| IDEA | 7.55 | 8 |
| IDFCFIRSTB | 58.39 | 61 |
| IEX | 155.93 | 165 |
| IGL | 189.48 | 195 |
| INDHOTEL | 716.1 | 740 |
| INDIANB | 510.8 | 520 |
| INDIGO | 4477.3 | 4500 |
| INDUSINDBK | 990.1 | 1040 |
| INDUSTOWER | 323.35 | 345 |
| INFY | 1687.7 | 1760 |
| IOC | 113.49 | 120 |
| IRB | 43.26 | 45 |
| IRCTC | 670.95 | 710 |
| IRFC | 112.42 | 115 |
| ITC | 395 | 405 |
| JINDALSTEL | 856.15 | 880 |
| JIOFIN | 207.61 | 220 |
| JKCEMENT | 4389.35 | 4500 |
| JSL | 584.85 | 610 |
| JSWENERGY | 464.1 | 460 |
| JSWSTEEL | 950.7 | 970 |
| JUBLFOOD | 626.1 | 650 |
| KALYANKJIL | 462.25 | 460 |
| KEI | 3070.15 | 3000 |
| KOTAKBANK | 1902.95 | 1940 |
| KPITTECH | 1197.4 | 1260 |
| LAURUSLABS | 527.2 | 540 |
| LICHSGFIN | 496.9 | 530 |
| LICI | 740.5 | 760 |
| LODHA | 1130.9 | 1200 |
| LT | 3163.85 | 3300 |
| LTF | 134.73 | 140 |
| LTIM | 4665.95 | 5000 |
| LTTS | 4533.2 | 4700 |
| LUPIN | 1904.65 | 1900 |
| M&M | 2585.1 | 2700 |
| M&MFIN | 270.6 | 280 |
| MANAPPURAM | 200.96 | 200 |
| MARICO | 600.6 | 620 |
| MARUTI | 11945.85 | 12200 |
| MAXHEALTH | 978.1 | 1020 |
| MCX | 4991.65 | 5400 |
| MFSL | 998.1 | 1040 |
| MGL | 1237.5 | 1300 |
| MOTHERSON | 118.59 | 125 |
| MPHASIS | 2247.25 | 2350 |
| MRF | 105373.7 | 110000 |
| MUTHOOTFIN | 2132.8 | 2200 |
| NATIONALUM | 177.6 | 186 |
| NAUKRI | 6992.65 | 7300 |
| NBCC | 72.86 | 77.5 |
| NCC | 175 | 180 |
| NESTLEIND | 2189.65 | 2260 |
| NHPC | 72.9 | 75 |
| NMDC | 62.48 | 69 |
| NTPC | 311.45 | 320 |
| NYKAA | 158.8 | 160 |
| OBEROIRLTY | 1484.5 | 1520 |
| OFSS | 7763.9 | 8000 |
| OIL | 342.7 | 370 |
| ONGC | 225.25 | 235 |
| PAGEIND | 40515.95 | 42000 |
| PAYTM | 714.95 | 740 |
| PEL | 872.4 | 940 |
| PERSISTENT | 5303.9 | 5400 |
| PETRONET | 283.3 | 290 |
| PFC | 364.3 | 390 |
| PHOENIXLTD | 1548.1 | 1500 |
| PIDILITIND | 2657.9 | 2800 |
| PIIND | 3013.95 | 3100 |
| PNB | 87.39 | 95 |
| POLICYBZR | 1463.6 | 1550 |
| POLYCAB | 4713.4 | 4900 |
| POONAWALLA | 281.3 | 280 |
| POWERGRID | 250.85 | 265 |
| PRESTIGE | 1126.6 | 1150 |
| RAMCOCEM | 829 | 850 |
| RBLBANK | 158.34 | 160 |
| RECLTD | 360.3 | 390 |
| RELIANCE | 1200.1 | 1250 |
| SAIL | 105.02 | 110 |
| SBICARD | 838.8 | 850 |
| SBILIFE | 1430.5 | 1480 |
| SBIN | 688.8 | 720 |
| SHREECEM | 27284 | 27250 |
| SHRIRAMFIN | 617.3 | 610 |
| SIEMENS | 4623.5 | 4800 |
| SJVN | 84.11 | 87.5 |
| SOLARINDS | 8710.6 | 9000 |
| SONACOMS | 493.9 | 500 |
| SRF | 2795.4 | 2800 |
| SUNPHARMA | 1593.25 | 1640 |
| SUPREMEIND | 3329 | 3500 |
| SYNGENE | 652.4 | 700 |
| TATACHEM | 777.35 | 840 |
| TATACOMM | 1352.5 | 1400 |
| TATACONSUM | 963.7 | 1000 |
| TATAELXSI | 5411.1 | 5500 |
| TATAMOTORS | 620.65 | 660 |
| TATAPOWER | 339.2 | 360 |
| TATASTEEL | 137.2 | 140 |
| TCS | 3483.25 | 3650 |
| TECHM | 1487.85 | 1560 |
| TIINDIA | 2462.15 | 2600 |
| TITAN | 3077.25 | 3200 |
| TORNTPHARM | 2948.1 | 3000 |
| TORNTPOWER | 1262.95 | 1300 |
| TRENT | 4851.55 | 5000 |
| TVSMOTOR | 2225.5 | 2320 |
| ULTRACEMCO | 10128.45 | 10500 |
| UNIONBANK | 112.1 | 115 |
| UNITDSPR | 1284.45 | 1300 |
| UPL | 632.95 | 640 |
| USDINR | 0 | 77.25 |
| VBL | 436.05 | 470 |
| VEDL | 394.75 | 430 |
| VOLTAS | 1320.1 | 1300 |
| WIPRO | 277.65 | 290 |
| YESBANK | 16.75 | 18 |
| ZOMATO | 222.1 | 230 |
| ZYDUSLIFE | 876.6 | 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.
