TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
06 Sep 2024 04:11 PM IST
Max Pain for TATAMOTORS is 1080
Strike 880 has a total call value of 0 versus a total put value of 338,353,950,000 Combined total value = 338,353,950,000
Strike 890 has a total call value of 23,650,000 versus a total put value of 316,605,300,000 Combined total value = 316,628,950,000
Strike 900 has a total call value of 47,300,000 versus a total put value of 294,887,450,000 Combined total value = 294,934,750,000
Strike 910 has a total call value of 127,600,000 versus a total put value of 273,917,050,000 Combined total value = 274,044,650,000
Strike 920 has a total call value of 207,900,000 versus a total put value of 252,962,600,000 Combined total value = 253,170,500,000
Strike 930 has a total call value of 288,200,000 versus a total put value of 232,200,650,000 Combined total value = 232,488,850,000
Strike 940 has a total call value of 368,500,000 versus a total put value of 211,575,100,000 Combined total value = 211,943,600,000
Strike 950 has a total call value of 462,000,000 versus a total put value of 191,238,300,000 Combined total value = 191,700,300,000
Strike 960 has a total call value of 660,000,000 versus a total put value of 171,717,150,000 Combined total value = 172,377,150,000
Strike 970 has a total call value of 887,150,000 versus a total put value of 152,618,950,000 Combined total value = 153,506,100,000
Strike 980 has a total call value of 1,119,250,000 versus a total put value of 133,996,500,000 Combined total value = 135,115,750,000
Strike 990 has a total call value of 1,367,300,000 versus a total put value of 115,948,250,000 Combined total value = 117,315,550,000
Strike 1000 has a total call value of 1,629,100,000 versus a total put value of 98,490,150,000 Combined total value = 100,119,250,000
Strike 1010 has a total call value of 2,235,200,000 versus a total put value of 84,662,600,000 Combined total value = 86,897,800,000
Strike 1020 has a total call value of 2,883,650,000 versus a total put value of 71,206,850,000 Combined total value = 74,090,500,000
Strike 1030 has a total call value of 3,610,750,000 versus a total put value of 58,689,400,000 Combined total value = 62,300,150,000
Strike 1040 has a total call value of 4,544,650,000 versus a total put value of 47,325,850,000 Combined total value = 51,870,500,000
Strike 1050 has a total call value of 5,893,250,000 versus a total put value of 37,316,400,000 Combined total value = 43,209,650,000
Strike 1060 has a total call value of 8,758,750,000 versus a total put value of 29,280,900,000 Combined total value = 38,039,650,000
Strike 1070 has a total call value of 13,056,450,000 versus a total put value of 22,587,400,000 Combined total value = 35,643,850,000
Strike 1080 has a total call value of 18,913,400,000 versus a total put value of 16,636,400,000 Combined total value = 35,549,800,000
Strike 1090 has a total call value of 28,305,750,000 versus a total put value of 12,040,600,000 Combined total value = 40,346,350,000
Strike 1100 has a total call value of 40,734,650,000 versus a total put value of 8,588,250,000 Combined total value = 49,322,900,000
Strike 1110 has a total call value of 62,669,200,000 versus a total put value of 6,865,650,000 Combined total value = 69,534,850,000
Strike 1120 has a total call value of 86,519,400,000 versus a total put value of 5,420,800,000 Combined total value = 91,940,200,000
Strike 1130 has a total call value of 113,244,450,000 versus a total put value of 4,279,000,000 Combined total value = 117,523,450,000
Strike 1140 has a total call value of 141,754,800,000 versus a total put value of 3,324,750,000 Combined total value = 145,079,550,000
Strike 1150 has a total call value of 172,040,000,000 versus a total put value of 2,486,550,000 Combined total value = 174,526,550,000
Strike 1160 has a total call value of 206,945,200,000 versus a total put value of 2,039,400,000 Combined total value = 208,984,600,000
Strike 1170 has a total call value of 243,233,100,000 versus a total put value of 1,692,900,000 Combined total value = 244,926,000,000
Strike 1180 has a total call value of 280,646,850,000 versus a total put value of 1,346,400,000 Combined total value = 281,993,250,000
Strike 1190 has a total call value of 318,918,050,000 versus a total put value of 999,900,000 Combined total value = 319,917,950,000
Strike 1200 has a total call value of 357,686,450,000 versus a total put value of 653,400,000 Combined total value = 358,339,850,000
Strike 1210 has a total call value of 400,832,300,000 versus a total put value of 567,050,000 Combined total value = 401,399,350,000
Strike 1220 has a total call value of 444,209,700,000 versus a total put value of 491,700,000 Combined total value = 444,701,400,000
Strike 1230 has a total call value of 488,051,300,000 versus a total put value of 416,350,000 Combined total value = 488,467,650,000
Strike 1240 has a total call value of 532,164,050,000 versus a total put value of 341,000,000 Combined total value = 532,505,050,000
Strike 1250 has a total call value of 576,578,750,000 versus a total put value of 269,500,000 Combined total value = 576,848,250,000
Strike 1260 has a total call value of 621,419,700,000 versus a total put value of 215,600,000 Combined total value = 621,635,300,000
Strike 1270 has a total call value of 666,658,300,000 versus a total put value of 161,700,000 Combined total value = 666,820,000,000
Strike 1280 has a total call value of 711,923,300,000 versus a total put value of 107,800,000 Combined total value = 712,031,100,000
Strike 1290 has a total call value of 757,358,800,000 versus a total put value of 53,900,000 Combined total value = 757,412,700,000
Strike 1300 has a total call value of 802,794,300,000 versus a total put value of 0 Combined total value = 802,794,300,000
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.