TATAMOTORS
TATA MOTORS LIMITED
Max pain for TATAMOTORS
28 Jun 2024 04:11 PM IST
Max Pain for TATAMOTORS is 980
Strike 800 has a total call value of 0 versus a total put value of 310,338,600,000 Combined total value = 310,338,600,000
Strike 810 has a total call value of 6,600,000 versus a total put value of 290,374,150,000 Combined total value = 290,380,750,000
Strike 820 has a total call value of 13,200,000 versus a total put value of 270,410,800,000 Combined total value = 270,424,000,000
Strike 830 has a total call value of 19,800,000 versus a total put value of 250,470,550,000 Combined total value = 250,490,350,000
Strike 840 has a total call value of 26,400,000 versus a total put value of 230,530,300,000 Combined total value = 230,556,700,000
Strike 850 has a total call value of 33,000,000 versus a total put value of 210,749,000,000 Combined total value = 210,782,000,000
Strike 860 has a total call value of 67,100,000 versus a total put value of 191,554,550,000 Combined total value = 191,621,650,000
Strike 870 has a total call value of 101,200,000 versus a total put value of 172,420,600,000 Combined total value = 172,521,800,000
Strike 880 has a total call value of 135,300,000 versus a total put value of 153,407,100,000 Combined total value = 153,542,400,000
Strike 890 has a total call value of 169,400,000 versus a total put value of 134,639,450,000 Combined total value = 134,808,850,000
Strike 900 has a total call value of 235,950,000 versus a total put value of 116,084,100,000 Combined total value = 116,320,050,000
Strike 910 has a total call value of 639,650,000 versus a total put value of 99,886,050,000 Combined total value = 100,525,700,000
Strike 920 has a total call value of 1,084,600,000 versus a total put value of 84,086,200,000 Combined total value = 85,170,800,000
Strike 930 has a total call value of 1,592,800,000 versus a total put value of 69,497,450,000 Combined total value = 71,090,250,000
Strike 940 has a total call value of 2,227,500,000 versus a total put value of 55,910,800,000 Combined total value = 58,138,300,000
Strike 950 has a total call value of 3,044,800,000 versus a total put value of 43,266,300,000 Combined total value = 46,311,100,000
Strike 960 has a total call value of 5,527,500,000 versus a total put value of 33,147,400,000 Combined total value = 38,674,900,000
Strike 970 has a total call value of 9,005,700,000 versus a total put value of 24,580,050,000 Combined total value = 33,585,750,000
Strike 980 has a total call value of 13,390,300,000 versus a total put value of 17,326,650,000 Combined total value = 30,716,950,000
Strike 990 has a total call value of 19,102,050,000 versus a total put value of 12,642,300,000 Combined total value = 31,744,350,000
Strike 1000 has a total call value of 26,015,550,000 versus a total put value of 8,646,000,000 Combined total value = 34,661,550,000
Strike 1010 has a total call value of 38,909,200,000 versus a total put value of 6,794,700,000 Combined total value = 45,703,900,000
Strike 1020 has a total call value of 52,811,550,000 versus a total put value of 5,179,900,000 Combined total value = 57,991,450,000
Strike 1030 has a total call value of 68,231,350,000 versus a total put value of 3,879,700,000 Combined total value = 72,111,050,000
Strike 1040 has a total call value of 84,609,800,000 versus a total put value of 2,847,900,000 Combined total value = 87,457,700,000
Strike 1050 has a total call value of 101,938,650,000 versus a total put value of 1,935,450,000 Combined total value = 103,874,100,000
Strike 1060 has a total call value of 122,313,950,000 versus a total put value of 1,517,450,000 Combined total value = 123,831,400,000
Strike 1070 has a total call value of 143,221,100,000 versus a total put value of 1,114,300,000 Combined total value = 144,335,400,000
Strike 1080 has a total call value of 165,512,050,000 versus a total put value of 726,550,000 Combined total value = 166,238,600,000
Strike 1090 has a total call value of 188,384,350,000 versus a total put value of 356,400,000 Combined total value = 188,740,750,000
Strike 1100 has a total call value of 211,560,800,000 versus a total put value of 14,300,000 Combined total value = 211,575,100,000
Strike 1110 has a total call value of 238,351,300,000 versus a total put value of 7,150,000 Combined total value = 238,358,450,000
Strike 1120 has a total call value of 265,141,800,000 versus a total put value of 0 Combined total value = 265,141,800,000
Strike 1130 has a total call value of 292,360,200,000 versus a total put value of 0 Combined total value = 292,360,200,000
Strike 1140 has a total call value of 319,578,600,000 versus a total put value of 0 Combined total value = 319,578,600,000
Strike 1150 has a total call value of 347,350,300,000 versus a total put value of 0 Combined total value = 347,350,300,000
Strike 1160 has a total call value of 375,122,000,000 versus a total put value of 0 Combined total value = 375,122,000,000
Strike 1170 has a total call value of 403,450,850,000 versus a total put value of 0 Combined total value = 403,450,850,000
Strike 1180 has a total call value of 431,779,700,000 versus a total put value of 0 Combined total value = 431,779,700,000
Strike 1190 has a total call value of 460,108,550,000 versus a total put value of 0 Combined total value = 460,108,550,000
Strike 1200 has a total call value of 488,437,400,000 versus a total put value of 0 Combined total value = 488,437,400,000
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.