TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
25 Apr 2025 04:11 PM IST
Max Pain for TATAMOTORS is 670
Strike 470 has a total call value of 0 versus a total put value of 348,198,950,000 Combined total value = 348,198,950,000
Strike 480 has a total call value of 0 versus a total put value of 329,258,050,000 Combined total value = 329,258,050,000
Strike 490 has a total call value of 0 versus a total put value of 310,340,250,000 Combined total value = 310,340,250,000
Strike 500 has a total call value of 0 versus a total put value of 291,443,350,000 Combined total value = 291,443,350,000
Strike 510 has a total call value of 89,650,000 versus a total put value of 273,066,200,000 Combined total value = 273,155,850,000
Strike 520 has a total call value of 179,300,000 versus a total put value of 254,831,500,000 Combined total value = 255,010,800,000
Strike 530 has a total call value of 268,950,000 versus a total put value of 236,926,800,000 Combined total value = 237,195,750,000
Strike 540 has a total call value of 358,600,000 versus a total put value of 219,191,500,000 Combined total value = 219,550,100,000
Strike 550 has a total call value of 448,250,000 versus a total put value of 201,686,650,000 Combined total value = 202,134,900,000
Strike 560 has a total call value of 591,800,000 versus a total put value of 184,628,950,000 Combined total value = 185,220,750,000
Strike 570 has a total call value of 768,900,000 versus a total put value of 167,855,050,000 Combined total value = 168,623,950,000
Strike 580 has a total call value of 975,700,000 versus a total put value of 151,507,400,000 Combined total value = 152,483,100,000
Strike 590 has a total call value of 1,337,600,000 versus a total put value of 135,815,900,000 Combined total value = 137,153,500,000
Strike 600 has a total call value of 1,798,500,000 versus a total put value of 120,534,150,000 Combined total value = 122,332,650,000
Strike 610 has a total call value of 2,740,650,000 versus a total put value of 106,833,100,000 Combined total value = 109,573,750,000
Strike 620 has a total call value of 3,812,600,000 versus a total put value of 93,569,850,000 Combined total value = 97,382,450,000
Strike 630 has a total call value of 5,409,800,000 versus a total put value of 81,209,700,000 Combined total value = 86,619,500,000
Strike 640 has a total call value of 7,597,700,000 versus a total put value of 69,848,350,000 Combined total value = 77,446,050,000
Strike 650 has a total call value of 10,729,950,000 versus a total put value of 59,551,800,000 Combined total value = 70,281,750,000
Strike 660 has a total call value of 15,547,400,000 versus a total put value of 51,247,350,000 Combined total value = 66,794,750,000
Strike 670 has a total call value of 21,804,200,000 versus a total put value of 44,402,050,000 Combined total value = 66,206,250,000
Strike 680 has a total call value of 29,810,000,000 versus a total put value of 38,825,050,000 Combined total value = 68,635,050,000
Strike 690 has a total call value of 39,487,250,000 versus a total put value of 33,994,400,000 Combined total value = 73,481,650,000
Strike 700 has a total call value of 49,895,450,000 versus a total put value of 29,660,950,000 Combined total value = 79,556,400,000
Strike 710 has a total call value of 63,368,800,000 versus a total put value of 26,422,550,000 Combined total value = 89,791,350,000
Strike 720 has a total call value of 77,309,100,000 versus a total put value of 23,344,200,000 Combined total value = 100,653,300,000
Strike 730 has a total call value of 92,374,150,000 versus a total put value of 20,460,550,000 Combined total value = 112,834,700,000
Strike 740 has a total call value of 108,001,300,000 versus a total put value of 17,822,200,000 Combined total value = 125,823,500,000
Strike 750 has a total call value of 124,482,050,000 versus a total put value of 15,480,850,000 Combined total value = 139,962,900,000
Strike 760 has a total call value of 140,962,800,000 versus a total put value of 13,139,500,000 Combined total value = 154,102,300,000
Strike 770 has a total call value of 158,363,150,000 versus a total put value of 10,951,600,000 Combined total value = 169,314,750,000
Strike 780 has a total call value of 175,763,500,000 versus a total put value of 8,763,700,000 Combined total value = 184,527,200,000
Strike 790 has a total call value of 193,735,850,000 versus a total put value of 6,664,350,000 Combined total value = 200,400,200,000
Strike 800 has a total call value of 211,708,200,000 versus a total put value of 4,565,000,000 Combined total value = 216,273,200,000
Strike 810 has a total call value of 231,312,400,000 versus a total put value of 3,423,750,000 Combined total value = 234,736,150,000
Strike 820 has a total call value of 250,916,600,000 versus a total put value of 2,282,500,000 Combined total value = 253,199,100,000
Strike 830 has a total call value of 270,520,800,000 versus a total put value of 1,141,250,000 Combined total value = 271,662,050,000
Strike 840 has a total call value of 290,125,000,000 versus a total put value of 0 Combined total value = 290,125,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 428.95 | 435 |
| ABB | 5499 | 5600 |
| ABCAPITAL | 195.94 | 205 |
| ABFRL | 264.15 | 270 |
| ACC | 1938 | 2040 |
| ADANIENSOL | 914.35 | 920 |
| ADANIENT | 2354.3 | 2520 |
| ADANIGREEN | 912.55 | 960 |
| ADANIPORTS | 1193 | 1240 |
| ALKEM | 5033.5 | 5100 |
| AMBUJACEM | 548.7 | 580 |
| ANGELONE | 2328.4 | 2400 |
| APLAPOLLO | 1616.9 | 1600 |
| APOLLOHOSP | 6953 | 7100 |
| APOLLOTYRE | 461.4 | 465 |
| ASHOKLEY | 225.04 | 225 |
| ASIANPAINT | 2431.6 | 2460 |
| ASTRAL | 1343.6 | 1380 |
| ATGL | 600 | 630 |
| AUBANK | 675.15 | 650 |
| AUROPHARMA | 1220.1 | 1220 |
| AXISBANK | 1166.3 | 1190 |
| BAJAJ-AUTO | 8034 | 8300 |
| BAJAJFINSV | 2045.5 | 2060 |
| BAJFINANCE | 9112 | 9200 |
| BALKRISIND | 2518.2 | 2560 |
| BANDHANBNK | 165.45 | 170 |
| BANKBARODA | 246.79 | 250 |
| BANKINDIA | 115.29 | 117 |
| BEL | 297.6 | 300 |
| BHARATFORG | 1088.5 | 1100 |
| BHARTIARTL | 1817.2 | 1840 |
| BHEL | 222.37 | 230 |
| BIOCON | 311.85 | 330 |
| BOSCHLTD | 27995 | 28000 |
| BPCL | 295.7 | 300 |
| BRITANNIA | 5420.5 | 5450 |
| BSE | 6303.5 | 6200 |
| BSOFT | 386.05 | 400 |
| CAMS | 3938.1 | 4000 |
| CANBK | 96.53 | 100 |
| CDSL | 1330.9 | 1300 |
| CESC | 153.96 | 160 |
| CGPOWER | 633.1 | 650 |
| CHAMBLFERT | 676.85 | 680 |
| CHOLAFIN | 1543.5 | 1540 |
| CIPLA | 1525.9 | 1540 |
| COALINDIA | 393.15 | 405 |
| COFORGE | 7390 | 7200 |
| COLPAL | 2671.4 | 2640 |
| CONCOR | 678.75 | 710 |
| CROMPTON | 334.85 | 340 |
| CUMMINSIND | 2861.1 | 2950 |
| CYIENT | 1170.8 | 1180 |
| DABUR | 484.6 | 490 |
| DALBHARAT | 1965.9 | 1920 |
| DEEPAKNTR | 1961.3 | 2000 |
| DELHIVERY | 304.9 | 300 |
| DIVISLAB | 6012.5 | 6100 |
| DIXON | 16219 | 16000 |
| DLF | 653.55 | 680 |
| DMART | 4375.2 | 4400 |
| DRREDDY | 1174.8 | 1180 |
| EICHERMOT | 5575.5 | 5700 |
| ESCORTS | 3333.7 | 3400 |
| ETERNAL | 228.81 | 230 |
| EXIDEIND | 370.5 | 385 |
| FEDERALBNK | 196.49 | 200 |
| GAIL | 186.74 | 195 |
| GLENMARK | 1360.7 | 1400 |
| GMRAIRPORT | 85.5 | 87 |
| GODREJCP | 1266.5 | 1240 |
| GODREJPROP | 2085.3 | 2100 |
| GRANULES | 452.55 | 480 |
| GRASIM | 2734.8 | 2700 |
| HAL | 4196.4 | 4300 |
| HAVELLS | 1599.8 | 1600 |
| HCLTECH | 1578.2 | 1560 |
| HDFCAMC | 4382.5 | 4400 |
| HDFCBANK | 1911.2 | 1920 |
| HDFCLIFE | 704.55 | 710 |
| HEROMOTOCO | 3895.5 | 3900 |
| HFCL | 81.15 | 85 |
| HINDALCO | 622.1 | 630 |
| HINDCOPPER | 213.48 | 230 |
| HINDPETRO | 380.7 | 390 |
| HINDUNILVR | 2332.2 | 2360 |
| HINDZINC | 445 | 450 |
| HUDCO | 220.24 | 225 |
| ICICIBANK | 1404.8 | 1410 |
| ICICIGI | 1854.1 | 1860 |
| ICICIPRULI | 595.8 | 600 |
| IDEA | 7.47 | 8 |
| IDFCFIRSTB | 66.08 | 66 |
| IEX | 190.5 | 192.5 |
| IGL | 178.2 | 180 |
| IIFL | 366.2 | 370 |
| INDHOTEL | 786.35 | 800 |
| INDIANB | 569.2 | 580 |
| INDIGO | 5313.5 | 5300 |
| INDUSINDBK | 822.35 | 820 |
| INDUSTOWER | 397.35 | 400 |
| INFY | 1480.2 | 1480 |
| INOXWIND | 172.14 | 170 |
| IOC | 134.65 | 139 |
| IRB | 46.91 | 48 |
| IRCTC | 751.85 | 780 |
| IREDA | 167.55 | 160 |
| IRFC | 128.8 | 130 |
| ITC | 427.8 | 430 |
| JINDALSTEL | 891.8 | 900 |
| JIOFIN | 253.05 | 255 |
| JSL | 559.4 | 580 |
| JSWENERGY | 482.7 | 500 |
| JSWSTEEL | 1028.4 | 1040 |
| JUBLFOOD | 694.3 | 700 |
| KALYANKJIL | 501.25 | 520 |
| KEI | 2967.1 | 3000 |
| KOTAKBANK | 2204.4 | 2200 |
| KPITTECH | 1221 | 1200 |
| LAURUSLABS | 625.65 | 640 |
| LICHSGFIN | 592.2 | 600 |
| LICI | 791.2 | 810 |
| LODHA | 1305.1 | 1300 |
| LT | 3272.1 | 3320 |
| LTF | 172.99 | 167.5 |
| LTIM | 4498.3 | 4500 |
| LUPIN | 2019.6 | 2060 |
| M&M | 2864.2 | 2900 |
| M&MFIN | 264.6 | 270 |
| MANAPPURAM | 226.93 | 230 |
| MARICO | 710.4 | 710 |
| MARUTI | 11698 | 11800 |
| MAXHEALTH | 1067.4 | 1100 |
| MCX | 6052.5 | 5800 |
| MFSL | 1266.4 | 1240 |
| MGL | 1279.6 | 1300 |
| MOTHERSON | 133.71 | 137.5 |
| MPHASIS | 2538.6 | 2500 |
| MRF | 128655 | 128000 |
| MUTHOOTFIN | 2093.2 | 2160 |
| NATIONALUM | 156.5 | 170 |
| NAUKRI | 7038.5 | 7100 |
| NBCC | 95.49 | 100 |
| NCC | 211.77 | 220 |
| NESTLEIND | 2413.5 | 2420 |
| NHPC | 86.07 | 88 |
| NMDC | 64.95 | 69 |
| NTPC | 356.45 | 365 |
| NYKAA | 191.57 | 190 |
| OBEROIRLTY | 1606.2 | 1640 |
| OFSS | 8604 | 8600 |
| OIL | 399.35 | 400 |
| ONGC | 246.33 | 250 |
| PAGEIND | 44605 | 45000 |
| PATANJALI | 1967 | 2000 |
| PAYTM | 875.65 | 880 |
| PEL | 981.2 | 1000 |
| PERSISTENT | 5273.5 | 5200 |
| PETRONET | 309.4 | 315 |
| PFC | 415.05 | 440 |
| PHOENIXLTD | 1629 | 1700 |
| PIDILITIND | 3011.2 | 3000 |
| PIIND | 3583.9 | 3650 |
| PNB | 99.29 | 103 |
| PNBHOUSING | 971.7 | 1000 |
| POLICYBZR | 1594.2 | 1640 |
| POLYCAB | 5507 | 5500 |
| POONAWALLA | 380.4 | 390 |
| POWERGRID | 306.5 | 315 |
| PRESTIGE | 1261.8 | 1300 |
| RAMCOCEM | 968.65 | 1000 |
| RBLBANK | 188.09 | 190 |
| RECLTD | 422.2 | 440 |
| RELIANCE | 1300.4 | 1300 |
| SAIL | 114.81 | 120 |
| SBICARD | 867.55 | 880 |
| SBILIFE | 1695.1 | 1680 |
| SBIN | 798.65 | 810 |
| SHREECEM | 30540 | 31000 |
| SHRIRAMFIN | 655.2 | 680 |
| SIEMENS | 2833.5 | 2900 |
| SJVN | 96.64 | 100 |
| SOLARINDS | 12757 | 13000 |
| SONACOMS | 453.65 | 460 |
| SRF | 2968.1 | 3000 |
| SUNPHARMA | 1787.4 | 1760 |
| SUPREMEIND | 3477.8 | 3500 |
| SYNGENE | 630.1 | 660 |
| TATACHEM | 826.45 | 880 |
| TATACOMM | 1569.6 | 1600 |
| TATACONSUM | 1155.7 | 1130 |
| TATAELXSI | 5612.5 | 5500 |
| TATAMOTORS | 655.25 | 670 |
| TATAPOWER | 387.6 | 400 |
| TATASTEEL | 138.85 | 142.5 |
| TATATECH | 693.2 | 680 |
| TCS | 3448 | 3400 |
| TECHM | 1462 | 1420 |
| TIINDIA | 2573.9 | 2600 |
| TITAGARH | 778.55 | 800 |
| TITAN | 3365.2 | 3360 |
| TORNTPHARM | 3238.9 | 3300 |
| TORNTPOWER | 1538.6 | 1600 |
| TRENT | 5145 | 5300 |
| TVSMOTOR | 2737.9 | 2700 |
| ULTRACEMCO | 12237 | 12000 |
| UNIONBANK | 124.94 | 130 |
| UNITDSPR | 1547.4 | 1520 |
| UPL | 661.85 | 670 |
| VBL | 521.95 | 530 |
| VEDL | 413.3 | 430 |
| VOLTAS | 1229.4 | 1300 |
| WIPRO | 240.9 | 242.5 |
| YESBANK | 17.77 | 18 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 859.65 | 870 |
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.
