TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
12 Nov 2024 04:11 PM IST
Max Pain for TATAMOTORS is 820
Strike 660 has a total call value of 0 versus a total put value of 455,477,550,000 Combined total value = 455,477,550,000
Strike 670 has a total call value of 0 versus a total put value of 427,279,600,000 Combined total value = 427,279,600,000
Strike 680 has a total call value of 0 versus a total put value of 399,081,650,000 Combined total value = 399,081,650,000
Strike 690 has a total call value of 0 versus a total put value of 371,753,250,000 Combined total value = 371,753,250,000
Strike 700 has a total call value of 0 versus a total put value of 344,424,850,000 Combined total value = 344,424,850,000
Strike 710 has a total call value of 46,200,000 versus a total put value of 319,068,750,000 Combined total value = 319,114,950,000
Strike 720 has a total call value of 94,050,000 versus a total put value of 293,890,850,000 Combined total value = 293,984,900,000
Strike 730 has a total call value of 146,300,000 versus a total put value of 269,489,000,000 Combined total value = 269,635,300,000
Strike 740 has a total call value of 200,750,000 versus a total put value of 245,695,450,000 Combined total value = 245,896,200,000
Strike 750 has a total call value of 268,400,000 versus a total put value of 222,938,650,000 Combined total value = 223,207,050,000
Strike 760 has a total call value of 427,900,000 versus a total put value of 201,961,100,000 Combined total value = 202,389,000,000
Strike 770 has a total call value of 707,300,000 versus a total put value of 182,059,900,000 Combined total value = 182,767,200,000
Strike 780 has a total call value of 1,087,350,000 versus a total put value of 162,968,300,000 Combined total value = 164,055,650,000
Strike 790 has a total call value of 2,047,650,000 versus a total put value of 145,156,000,000 Combined total value = 147,203,650,000
Strike 800 has a total call value of 4,445,100,000 versus a total put value of 128,400,800,000 Combined total value = 132,845,900,000
Strike 810 has a total call value of 10,962,600,000 versus a total put value of 115,133,150,000 Combined total value = 126,095,750,000
Strike 820 has a total call value of 19,757,100,000 versus a total put value of 102,416,600,000 Combined total value = 122,173,700,000
Strike 830 has a total call value of 32,055,650,000 versus a total put value of 90,665,850,000 Combined total value = 122,721,500,000
Strike 840 has a total call value of 48,068,350,000 versus a total put value of 79,808,300,000 Combined total value = 127,876,650,000
Strike 850 has a total call value of 68,558,600,000 versus a total put value of 70,134,900,000 Combined total value = 138,693,500,000
Strike 860 has a total call value of 95,391,450,000 versus a total put value of 62,099,400,000 Combined total value = 157,490,850,000
Strike 870 has a total call value of 125,881,800,000 versus a total put value of 54,936,200,000 Combined total value = 180,818,000,000
Strike 880 has a total call value of 158,043,600,000 versus a total put value of 48,100,800,000 Combined total value = 206,144,400,000
Strike 890 has a total call value of 192,171,100,000 versus a total put value of 41,903,400,000 Combined total value = 234,074,500,000
Strike 900 has a total call value of 227,462,950,000 versus a total put value of 35,993,100,000 Combined total value = 263,456,050,000
Strike 910 has a total call value of 271,443,700,000 versus a total put value of 31,754,800,000 Combined total value = 303,198,500,000
Strike 920 has a total call value of 316,433,150,000 versus a total put value of 27,516,500,000 Combined total value = 343,949,650,000
Strike 930 has a total call value of 363,224,400,000 versus a total put value of 24,108,700,000 Combined total value = 387,333,100,000
Strike 940 has a total call value of 410,764,200,000 versus a total put value of 20,907,150,000 Combined total value = 431,671,350,000
Strike 950 has a total call value of 459,140,550,000 versus a total put value of 18,057,600,000 Combined total value = 477,198,150,000
Strike 960 has a total call value of 509,865,400,000 versus a total put value of 15,572,150,000 Combined total value = 525,437,550,000
Strike 970 has a total call value of 561,123,750,000 versus a total put value of 13,418,350,000 Combined total value = 574,542,100,000
Strike 980 has a total call value of 612,772,600,000 versus a total put value of 11,495,000,000 Combined total value = 624,267,600,000
Strike 990 has a total call value of 664,935,700,000 versus a total put value of 9,696,500,000 Combined total value = 674,632,200,000
Strike 1000 has a total call value of 717,395,250,000 versus a total put value of 7,898,000,000 Combined total value = 725,293,250,000
Strike 1010 has a total call value of 773,726,250,000 versus a total put value of 6,983,350,000 Combined total value = 780,709,600,000
Strike 1020 has a total call value of 830,286,600,000 versus a total put value of 6,068,700,000 Combined total value = 836,355,300,000
Strike 1030 has a total call value of 887,161,550,000 versus a total put value of 5,240,400,000 Combined total value = 892,401,950,000
Strike 1040 has a total call value of 944,245,500,000 versus a total put value of 4,412,100,000 Combined total value = 948,657,600,000
Strike 1050 has a total call value of 1,001,614,900,000 versus a total put value of 3,583,800,000 Combined total value = 1,005,198,700,000
Strike 1060 has a total call value of 1,059,724,050,000 versus a total put value of 3,037,100,000 Combined total value = 1,062,761,150,000
Strike 1070 has a total call value of 1,117,918,450,000 versus a total put value of 2,490,400,000 Combined total value = 1,120,408,850,000
Strike 1080 has a total call value of 1,176,151,350,000 versus a total put value of 1,943,700,000 Combined total value = 1,178,095,050,000
Strike 1090 has a total call value of 1,234,421,100,000 versus a total put value of 1,397,000,000 Combined total value = 1,235,818,100,000
Strike 1100 has a total call value of 1,292,700,200,000 versus a total put value of 850,300,000 Combined total value = 1,293,550,500,000
Strike 1110 has a total call value of 1,351,929,700,000 versus a total put value of 765,050,000 Combined total value = 1,352,694,750,000
Strike 1120 has a total call value of 1,411,159,200,000 versus a total put value of 679,800,000 Combined total value = 1,411,839,000,000
Strike 1130 has a total call value of 1,470,411,800,000 versus a total put value of 594,550,000 Combined total value = 1,471,006,350,000
Strike 1140 has a total call value of 1,529,664,400,000 versus a total put value of 509,300,000 Combined total value = 1,530,173,700,000
Strike 1150 has a total call value of 1,588,989,600,000 versus a total put value of 424,050,000 Combined total value = 1,589,413,650,000
Strike 1160 has a total call value of 1,648,314,800,000 versus a total put value of 338,800,000 Combined total value = 1,648,653,600,000
Strike 1170 has a total call value of 1,707,674,650,000 versus a total put value of 253,550,000 Combined total value = 1,707,928,200,000
Strike 1180 has a total call value of 1,767,034,500,000 versus a total put value of 168,300,000 Combined total value = 1,767,202,800,000
Strike 1190 has a total call value of 1,826,394,350,000 versus a total put value of 84,150,000 Combined total value = 1,826,478,500,000
Strike 1200 has a total call value of 1,885,754,200,000 versus a total put value of 0 Combined total value = 1,885,754,200,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 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.
