TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
24 Jan 2025 04:11 PM IST
Max Pain for TATAMOTORS is 760
Strike 580 has a total call value of 0 versus a total put value of 467,903,700,000 Combined total value = 467,903,700,000
Strike 590 has a total call value of 8,250,000 versus a total put value of 439,469,800,000 Combined total value = 439,478,050,000
Strike 600 has a total call value of 16,500,000 versus a total put value of 411,035,900,000 Combined total value = 411,052,400,000
Strike 610 has a total call value of 24,750,000 versus a total put value of 382,885,250,000 Combined total value = 382,910,000,000
Strike 620 has a total call value of 33,000,000 versus a total put value of 354,734,600,000 Combined total value = 354,767,600,000
Strike 630 has a total call value of 41,250,000 versus a total put value of 326,904,600,000 Combined total value = 326,945,850,000
Strike 640 has a total call value of 49,500,000 versus a total put value of 299,503,600,000 Combined total value = 299,553,100,000
Strike 650 has a total call value of 59,400,000 versus a total put value of 272,820,350,000 Combined total value = 272,879,750,000
Strike 660 has a total call value of 81,400,000 versus a total put value of 247,842,100,000 Combined total value = 247,923,500,000
Strike 670 has a total call value of 110,550,000 versus a total put value of 223,645,950,000 Combined total value = 223,756,500,000
Strike 680 has a total call value of 156,750,000 versus a total put value of 200,143,350,000 Combined total value = 200,300,100,000
Strike 690 has a total call value of 277,200,000 versus a total put value of 177,772,650,000 Combined total value = 178,049,850,000
Strike 700 has a total call value of 453,750,000 versus a total put value of 156,002,550,000 Combined total value = 156,456,300,000
Strike 710 has a total call value of 940,500,000 versus a total put value of 136,725,050,000 Combined total value = 137,665,550,000
Strike 720 has a total call value of 1,577,400,000 versus a total put value of 118,591,000,000 Combined total value = 120,168,400,000
Strike 730 has a total call value of 2,506,350,000 versus a total put value of 101,960,650,000 Combined total value = 104,467,000,000
Strike 740 has a total call value of 4,073,850,000 versus a total put value of 87,035,850,000 Combined total value = 91,109,700,000
Strike 750 has a total call value of 7,185,750,000 versus a total put value of 73,576,250,000 Combined total value = 80,762,000,000
Strike 760 has a total call value of 13,263,800,000 versus a total put value of 63,465,600,000 Combined total value = 76,729,400,000
Strike 770 has a total call value of 22,206,250,000 versus a total put value of 55,179,850,000 Combined total value = 77,386,100,000
Strike 780 has a total call value of 33,108,350,000 versus a total put value of 48,180,550,000 Combined total value = 81,288,900,000
Strike 790 has a total call value of 47,785,100,000 versus a total put value of 42,299,400,000 Combined total value = 90,084,500,000
Strike 800 has a total call value of 65,220,650,000 versus a total put value of 36,929,750,000 Combined total value = 102,150,400,000
Strike 810 has a total call value of 90,767,050,000 versus a total put value of 33,245,850,000 Combined total value = 124,012,900,000
Strike 820 has a total call value of 119,065,650,000 versus a total put value of 29,772,600,000 Combined total value = 148,838,250,000
Strike 830 has a total call value of 150,649,400,000 versus a total put value of 26,857,600,000 Combined total value = 177,507,000,000
Strike 840 has a total call value of 183,823,200,000 versus a total put value of 24,086,700,000 Combined total value = 207,909,900,000
Strike 850 has a total call value of 218,646,450,000 versus a total put value of 21,487,950,000 Combined total value = 240,134,400,000
Strike 860 has a total call value of 257,522,650,000 versus a total put value of 19,307,200,000 Combined total value = 276,829,850,000
Strike 870 has a total call value of 297,613,250,000 versus a total put value of 17,306,850,000 Combined total value = 314,920,100,000
Strike 880 has a total call value of 338,775,800,000 versus a total put value of 15,306,500,000 Combined total value = 354,082,300,000
Strike 890 has a total call value of 380,860,700,000 versus a total put value of 13,585,000,000 Combined total value = 394,445,700,000
Strike 900 has a total call value of 423,652,900,000 versus a total put value of 11,863,500,000 Combined total value = 435,516,400,000
Strike 910 has a total call value of 469,316,100,000 versus a total put value of 10,604,550,000 Combined total value = 479,920,650,000
Strike 920 has a total call value of 515,409,950,000 versus a total put value of 9,345,600,000 Combined total value = 524,755,550,000
Strike 930 has a total call value of 562,029,050,000 versus a total put value of 8,086,650,000 Combined total value = 570,115,700,000
Strike 940 has a total call value of 608,648,150,000 versus a total put value of 6,827,700,000 Combined total value = 615,475,850,000
Strike 950 has a total call value of 655,733,100,000 versus a total put value of 5,689,750,000 Combined total value = 661,422,850,000
Strike 960 has a total call value of 702,818,050,000 versus a total put value of 4,551,800,000 Combined total value = 707,369,850,000
Strike 970 has a total call value of 750,202,200,000 versus a total put value of 3,413,850,000 Combined total value = 753,616,050,000
Strike 980 has a total call value of 797,586,350,000 versus a total put value of 2,275,900,000 Combined total value = 799,862,250,000
Strike 990 has a total call value of 844,970,500,000 versus a total put value of 1,137,950,000 Combined total value = 846,108,450,000
Strike 1000 has a total call value of 892,354,650,000 versus a total put value of 0 Combined total value = 892,354,650,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 439.05 | 435 |
ABB | 6178.9 | 6400 |
ABBOTINDIA | 27282.35 | 28000 |
ABCAPITAL | 170.43 | 180 |
ABFRL | 271.9 | 275 |
ACC | 2058.95 | 2080 |
ADANIENSOL | 790.45 | 800 |
ADANIENT | 2315.1 | 2400 |
ADANIGREEN | 1012.1 | 1020 |
ADANIPORTS | 1094.15 | 1160 |
ALKEM | 5022.7 | 5300 |
AMBUJACEM | 551.8 | 550 |
ANGELONE | 2334.35 | 2500 |
APLAPOLLO | 1561.4 | 1560 |
APOLLOHOSP | 6745.05 | 6900 |
APOLLOTYRE | 423.4 | 450 |
ASHOKLEY | 204.3 | 210 |
ASIANPAINT | 2262.4 | 2300 |
ASTRAL | 1468.35 | 1560 |
ATGL | 641.5 | 660 |
ATUL | 6547.1 | 6700 |
AUBANK | 594.65 | 585 |
AUROPHARMA | 1212.2 | 1220 |
AXISBANK | 948.5 | 990 |
BAJAJ-AUTO | 8401.5 | 8700 |
BAJAJFINSV | 1728.7 | 1680 |
BAJFINANCE | 7438.6 | 7300 |
BALKRISIND | 2652.2 | 2740 |
BANDHANBNK | 148.83 | 157.5 |
BANKBARODA | 225.21 | 235 |
BANKINDIA | 98.37 | 100 |
BATAINDIA | 1281.35 | 1320 |
BEL | 270.15 | 280 |
BERGEPAINT | 480.1 | 465 |
BHARATFORG | 1216.55 | 1240 |
BHARTIARTL | 1644.8 | 1640 |
BHEL | 200.19 | 215 |
BIOCON | 388.25 | 380 |
BOSCHLTD | 30356.5 | 32500 |
BPCL | 263.8 | 270 |
BRITANNIA | 5101.55 | 4850 |
BSE | 5835.6 | 5700 |
BSOFT | 545.7 | 550 |
CAMS | 4101.1 | 4300 |
CANBK | 96.75 | 100 |
CANFINHOME | 682.7 | 700 |
CDSL | 1500.25 | 1580 |
CESC | 139 | 145.5 |
CGPOWER | 620.55 | 650 |
CHAMBLFERT | 496.05 | 500 |
CHOLAFIN | 1223.05 | 1260 |
CIPLA | 1411.4 | 1460 |
COALINDIA | 383.05 | 390 |
COFORGE | 9234.6 | 9000 |
COLPAL | 2751.9 | 2750 |
CONCOR | 754.35 | 780 |
COROMANDEL | 1815.05 | 1860 |
CROMPTON | 339.7 | 355 |
CUB | 167.66 | 170 |
CUMMINSIND | 2804.05 | 3000 |
CYIENT | 1344.9 | 1460 |
DABUR | 521.65 | 520 |
DALBHARAT | 1802.95 | 1780 |
DEEPAKNTR | 2292.55 | 2400 |
DELHIVERY | 321.75 | 330 |
DIVISLAB | 5762.6 | 5850 |
DIXON | 15584.9 | 16000 |
DLF | 695.25 | 730 |
DMART | 3579.95 | 3700 |
DRREDDY | 1224.4 | 1250 |
EICHERMOT | 5206.3 | 5100 |
ESCORTS | 3466.3 | 3400 |
EXIDEIND | 369.05 | 400 |
FEDERALBNK | 188.11 | 195 |
GAIL | 175.84 | 185 |
GLENMARK | 1450.1 | 1500 |
GMRAIRPORT | 71.49 | 77 |
GMRINFRA | 0 | 32 |
GNFC | 556.45 | 560 |
GODREJCP | 1130.35 | 1130 |
GODREJPROP | 2155 | 2300 |
GRANULES | 582 | 590 |
GRASIM | 2490.75 | 2480 |
GUJGASLTD | 494.75 | 500 |
HAL | 3849.8 | 4050 |
HAVELLS | 1523.2 | 1560 |
HCLTECH | 1792.85 | 1820 |
HDFCAMC | 3877.8 | 4000 |
HDFCBANK | 1649.8 | 1680 |
HDFCLIFE | 621.1 | 630 |
HEROMOTOCO | 4051.9 | 4150 |
HFCL | 99.15 | 102.5 |
HINDALCO | 606.9 | 600 |
HINDCOPPER | 242.05 | 250 |
HINDPETRO | 352.85 | 365 |
HINDUNILVR | 2368.1 | 2360 |
HUDCO | 219.84 | 220 |
ICICIBANK | 1209.2 | 1230 |
ICICIGI | 1815.65 | 1880 |
ICICIPRULI | 590.5 | 600 |
IDEA | 9.46 | 9 |
IDFCFIRSTB | 62.27 | 63 |
IEX | 169.33 | 172.5 |
IGL | 383.25 | 400 |
INDHOTEL | 781.2 | 800 |
INDIAMART | 2083.4 | 2140 |
INDIANB | 501.25 | 520 |
INDIGO | 4161.8 | 4200 |
INDUSINDBK | 950.8 | 980 |
INDUSTOWER | 367.95 | 355 |
INFY | 1875.45 | 1880 |
IOC | 128.26 | 132.5 |
IPCALAB | 1515.85 | 1580 |
IRB | 51.94 | 54 |
IRCTC | 787.5 | 800 |
IRFC | 140.68 | 137.5 |
ITC | 441.6 | 445 |
JINDALSTEL | 882.8 | 920 |
JIOFIN | 244.45 | 265 |
JKCEMENT | 4755.9 | 4700 |
JSL | 634.1 | 630 |
JSWENERGY | 544.15 | 570 |
JSWSTEEL | 932.45 | 930 |
JUBLFOOD | 671 | 700 |
KALYANKJIL | 458.75 | 540 |
KEI | 4253.5 | 4300 |
KOTAKBANK | 1886.2 | 1860 |
KPITTECH | 1322.9 | 1380 |
LALPATHLAB | 2828.85 | 2900 |
LAURUSLABS | 602.65 | 590 |
LICHSGFIN | 573.3 | 580 |
LICI | 821.25 | 850 |
LODHA | 1099.55 | 1120 |
LT | 3458.2 | 3600 |
LTF | 139.68 | 140 |
LTIM | 5998.15 | 5900 |
LTTS | 5431 | 5300 |
LUPIN | 2134.25 | 2180 |
M&M | 2801.4 | 2900 |
M&MFIN | 268.05 | 270 |
MANAPPURAM | 196.71 | 185 |
MARICO | 666.2 | 660 |
MARUTI | 11967.9 | 11700 |
MAXHEALTH | 1055.75 | 1080 |
MCX | 5739.5 | 5800 |
METROPOLIS | 1802.2 | 1920 |
MFSL | 1040.3 | 1060 |
MGL | 1278.45 | 1280 |
MOTHERSON | 142.99 | 150 |
MPHASIS | 3009.3 | 2950 |
MRF | 111484.55 | 115000 |
MUTHOOTFIN | 2173.4 | 2180 |
NATIONALUM | 203.2 | 210 |
NAUKRI | 7447.05 | 7700 |
NAVINFLUOR | 3709.45 | 3700 |
NCC | 235.95 | 250 |
NESTLEIND | 2207.9 | 2200 |
NHPC | 76.88 | 78 |
NMDC | 66.77 | 68 |
NTPC | 323.65 | 325 |
NYKAA | 167.37 | 170 |
OBEROIRLTY | 1756.75 | 1840 |
OFSS | 9805.65 | 10250 |
OIL | 424.5 | 450 |
ONGC | 256.51 | 257.5 |
PAGEIND | 46395.25 | 47000 |
PAYTM | 807.45 | 860 |
PEL | 990.45 | 1080 |
PERSISTENT | 6360.65 | 6200 |
PETRONET | 322.7 | 335 |
PFC | 408.4 | 440 |
PIDILITIND | 2854.55 | 2880 |
PIIND | 3501.6 | 3550 |
PNB | 97.62 | 100 |
POLICYBZR | 1694.7 | 1750 |
POLYCAB | 5915.8 | 6200 |
POONAWALLA | 317 | 320 |
POWERGRID | 295.85 | 305 |
PRESTIGE | 1255.65 | 1350 |
PVRINOX | 1064.1 | 1140 |
RAMCOCEM | 888.75 | 910 |
RBLBANK | 155.73 | 160 |
RECLTD | 446.25 | 480 |
RELIANCE | 1246.3 | 1250 |
SAIL | 108.17 | 110 |
SBICARD | 758.3 | 750 |
SBILIFE | 1440.4 | 1460 |
SBIN | 744.15 | 770 |
SHREECEM | 25783.15 | 26000 |
SHRIRAMFIN | 527.45 | 540 |
SIEMENS | 5879.7 | 6100 |
SJVN | 95.46 | 97.5 |
SONACOMS | 525.05 | 550 |
SRF | 2583.95 | 2560 |
SUNPHARMA | 1822.2 | 1800 |
SUNTV | 640.45 | 660 |
SUPREMEIND | 3803.2 | 4000 |
SYNGENE | 796.1 | 820 |
TATACHEM | 956.9 | 1000 |
TATACOMM | 1629.45 | 1700 |
TATACONSUM | 992.35 | 960 |
TATAELXSI | 6372.7 | 6300 |
TATAMOTORS | 734.1 | 760 |
TATAPOWER | 363.4 | 380 |
TATASTEEL | 129.74 | 135 |
TCS | 4152.35 | 4150 |
TECHM | 1723.05 | 1700 |
TIINDIA | 3232.15 | 3400 |
TITAN | 3402.15 | 3400 |
TORNTPHARM | 3248.4 | 3300 |
TRENT | 5490.45 | 6000 |
TVSMOTOR | 2270.7 | 2300 |
UBL | 2064.85 | 2040 |
ULTRACEMCO | 11285.85 | 11200 |
UNIONBANK | 107.3 | 110 |
UNITDSPR | 1469.75 | 1500 |
UPL | 552 | 540 |
VBL | 541.7 | 550 |
VEDL | 442 | 460 |
VOLTAS | 1456.6 | 1540 |
WIPRO | 320.1 | 310 |
YESBANK | 18.24 | 19 |
ZOMATO | 215.6 | 230 |
ZYDUSLIFE | 957.6 | 980 |
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.