TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
17 Feb 2025 04:11 PM IST
Max Pain for TATAMOTORS is 700
Strike 560 has a total call value of 0 versus a total put value of 440,483,450,000 Combined total value = 440,483,450,000
Strike 570 has a total call value of 0 versus a total put value of 408,052,700,000 Combined total value = 408,052,700,000
Strike 580 has a total call value of 0 versus a total put value of 375,621,950,000 Combined total value = 375,621,950,000
Strike 590 has a total call value of 23,650,000 versus a total put value of 344,482,600,000 Combined total value = 344,506,250,000
Strike 600 has a total call value of 47,300,000 versus a total put value of 313,343,250,000 Combined total value = 313,390,550,000
Strike 610 has a total call value of 178,200,000 versus a total put value of 285,369,700,000 Combined total value = 285,547,900,000
Strike 620 has a total call value of 315,150,000 versus a total put value of 258,663,350,000 Combined total value = 258,978,500,000
Strike 630 has a total call value of 476,850,000 versus a total put value of 232,885,950,000 Combined total value = 233,362,800,000
Strike 640 has a total call value of 712,800,000 versus a total put value of 207,939,050,000 Combined total value = 208,651,850,000
Strike 650 has a total call value of 1,092,850,000 versus a total put value of 184,193,350,000 Combined total value = 185,286,200,000
Strike 660 has a total call value of 1,736,350,000 versus a total put value of 162,908,900,000 Combined total value = 164,645,250,000
Strike 670 has a total call value of 2,586,650,000 versus a total put value of 143,017,600,000 Combined total value = 145,604,250,000
Strike 680 has a total call value of 4,055,150,000 versus a total put value of 124,933,050,000 Combined total value = 128,988,200,000
Strike 690 has a total call value of 7,477,250,000 versus a total put value of 109,465,950,000 Combined total value = 116,943,200,000
Strike 700 has a total call value of 13,642,200,000 versus a total put value of 95,734,100,000 Combined total value = 109,376,300,000
Strike 710 has a total call value of 26,984,100,000 versus a total put value of 85,147,700,000 Combined total value = 112,131,800,000
Strike 720 has a total call value of 44,567,600,000 versus a total put value of 75,896,150,000 Combined total value = 120,463,750,000
Strike 730 has a total call value of 67,966,250,000 versus a total put value of 68,330,900,000 Combined total value = 136,297,150,000
Strike 740 has a total call value of 95,329,300,000 versus a total put value of 61,204,000,000 Combined total value = 156,533,300,000
Strike 750 has a total call value of 127,493,300,000 versus a total put value of 54,734,350,000 Combined total value = 182,227,650,000
Strike 760 has a total call value of 169,620,000,000 versus a total put value of 49,427,400,000 Combined total value = 219,047,400,000
Strike 770 has a total call value of 215,022,500,000 versus a total put value of 44,688,050,000 Combined total value = 259,710,550,000
Strike 780 has a total call value of 263,217,900,000 versus a total put value of 40,333,150,000 Combined total value = 303,551,050,000
Strike 790 has a total call value of 314,066,500,000 versus a total put value of 36,289,000,000 Combined total value = 350,355,500,000
Strike 800 has a total call value of 366,286,800,000 versus a total put value of 32,244,850,000 Combined total value = 398,531,650,000
Strike 810 has a total call value of 427,769,650,000 versus a total put value of 29,312,250,000 Combined total value = 457,081,900,000
Strike 820 has a total call value of 490,361,850,000 versus a total put value of 26,379,650,000 Combined total value = 516,741,500,000
Strike 830 has a total call value of 554,030,400,000 versus a total put value of 23,547,700,000 Combined total value = 577,578,100,000
Strike 840 has a total call value of 618,356,200,000 versus a total put value of 20,715,750,000 Combined total value = 639,071,950,000
Strike 850 has a total call value of 683,442,100,000 versus a total put value of 17,990,500,000 Combined total value = 701,432,600,000
Strike 860 has a total call value of 750,333,650,000 versus a total put value of 15,763,000,000 Combined total value = 766,096,650,000
Strike 870 has a total call value of 817,808,200,000 versus a total put value of 13,535,500,000 Combined total value = 831,343,700,000
Strike 880 has a total call value of 885,436,750,000 versus a total put value of 11,308,000,000 Combined total value = 896,744,750,000
Strike 890 has a total call value of 953,405,200,000 versus a total put value of 9,162,450,000 Combined total value = 962,567,650,000
Strike 900 has a total call value of 1,021,373,650,000 versus a total put value of 7,016,900,000 Combined total value = 1,028,390,550,000
Strike 910 has a total call value of 1,092,545,300,000 versus a total put value of 5,782,150,000 Combined total value = 1,098,327,450,000
Strike 920 has a total call value of 1,163,716,950,000 versus a total put value of 4,547,400,000 Combined total value = 1,168,264,350,000
Strike 930 has a total call value of 1,235,141,600,000 versus a total put value of 3,410,550,000 Combined total value = 1,238,552,150,000
Strike 940 has a total call value of 1,306,566,250,000 versus a total put value of 2,273,700,000 Combined total value = 1,308,839,950,000
Strike 950 has a total call value of 1,377,990,900,000 versus a total put value of 1,136,850,000 Combined total value = 1,379,127,750,000
Strike 960 has a total call value of 1,449,415,550,000 versus a total put value of 0 Combined total value = 1,449,415,550,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 418.3 | 440 |
ABB | 5241.9 | 5400 |
ABBOTINDIA | 28569.5 | 28000 |
ABCAPITAL | 153.97 | 170 |
ABFRL | 255.55 | 265 |
ACC | 1911.5 | 2040 |
ADANIENSOL | 702 | 740 |
ADANIENT | 2223.7 | 2340 |
ADANIGREEN | 890.35 | 900 |
ADANIPORTS | 1082.9 | 1100 |
ALKEM | 4794.3 | 4800 |
AMBUJACEM | 488.3 | 505 |
ANGELONE | 2211.6 | 2300 |
APLAPOLLO | 1333.75 | 1440 |
APOLLOHOSP | 6300.2 | 6400 |
APOLLOTYRE | 416.3 | 420 |
ASHOKLEY | 223.61 | 217.5 |
ASIANPAINT | 2250.85 | 2280 |
ASTRAL | 1384.5 | 1440 |
ATGL | 574.45 | 600 |
ATUL | 5402.85 | 5600 |
AUBANK | 522.05 | 550 |
AUROPHARMA | 1169.6 | 1180 |
AXISBANK | 992.95 | 1000 |
BAJAJ-AUTO | 8537.15 | 8800 |
BAJAJFINSV | 1894.85 | 1820 |
BAJFINANCE | 8426.6 | 8200 |
BALKRISIND | 2670.55 | 2700 |
BANDHANBNK | 132.82 | 150 |
BANKBARODA | 206.96 | 220 |
BANKINDIA | 99.03 | 100 |
BATAINDIA | 1296.3 | 1340 |
BEL | 248.5 | 265 |
BERGEPAINT | 483.7 | 480 |
BHARATFORG | 1082.65 | 1100 |
BHARTIARTL | 1675.55 | 1680 |
BHEL | 193.47 | 200 |
BIOCON | 347.55 | 360 |
BOSCHLTD | 26911.25 | 29000 |
BPCL | 252.3 | 260 |
BRITANNIA | 4963.7 | 4950 |
BSE | 5208.7 | 5300 |
BSOFT | 477.5 | 500 |
CAMS | 3381.8 | 3500 |
CANBK | 85.09 | 91 |
CANFINHOME | 608.85 | 640 |
CDSL | 1206.95 | 1240 |
CESC | 125.92 | 130 |
CGPOWER | 583 | 590 |
CHAMBLFERT | 542.8 | 530 |
CHOLAFIN | 1356.95 | 1340 |
CIPLA | 1474.65 | 1460 |
COALINDIA | 360.1 | 375 |
COFORGE | 7683.95 | 8100 |
COLPAL | 2462.4 | 2560 |
CONCOR | 703.35 | 740 |
COROMANDEL | 1707.55 | 1800 |
CROMPTON | 332.6 | 345 |
CUB | 160.85 | 165 |
CUMMINSIND | 2721.45 | 2800 |
CYIENT | 1439.3 | 1420 |
DABUR | 520.55 | 530 |
DALBHARAT | 1808.15 | 1820 |
DEEPAKNTR | 1898.5 | 2000 |
DELHIVERY | 267.35 | 280 |
DIVISLAB | 5923.75 | 5950 |
DIXON | 14199.5 | 14500 |
DLF | 674.75 | 700 |
DMART | 3621.5 | 3750 |
DRREDDY | 1198.95 | 1200 |
EICHERMOT | 4745.2 | 4950 |
ESCORTS | 2972.15 | 3150 |
EXIDEIND | 361.8 | 375 |
FEDERALBNK | 181.54 | 185 |
GAIL | 160.17 | 166 |
GLENMARK | 1373.8 | 1380 |
GMRAIRPORT | 70.26 | 73 |
GMRINFRA | 0 | 76 |
GNFC | 557.1 | 560 |
GODREJCP | 1039.25 | 1070 |
GODREJPROP | 1974.05 | 2100 |
GRANULES | 522.25 | 540 |
GRASIM | 2463.85 | 2500 |
GUJGASLTD | 391.45 | 415 |
HAL | 3475.7 | 3650 |
HAVELLS | 1532.55 | 1560 |
HCLTECH | 1709.9 | 1720 |
HDFCAMC | 3730.55 | 3800 |
HDFCBANK | 1717.35 | 1700 |
HDFCLIFE | 623.25 | 630 |
HEROMOTOCO | 3876.45 | 4050 |
HFCL | 87.03 | 95 |
HINDALCO | 610.85 | 600 |
HINDCOPPER | 215.33 | 235 |
HINDPETRO | 318.1 | 330 |
HINDUNILVR | 2329.4 | 2380 |
HUDCO | 183.21 | 195 |
ICICIBANK | 1251.15 | 1250 |
ICICIGI | 1725.05 | 1800 |
ICICIPRULI | 575.2 | 600 |
IDEA | 8.27 | 9 |
IDFCFIRSTB | 61.5 | 62 |
IEX | 167.21 | 172.5 |
IGL | 190.25 | 195 |
INDHOTEL | 721.65 | 750 |
INDIAMART | 2102.4 | 2120 |
INDIANB | 517.55 | 530 |
INDIGO | 4303 | 4300 |
INDUSINDBK | 1048.25 | 1040 |
INDUSTOWER | 339.3 | 355 |
INFY | 1842.3 | 1880 |
IOC | 118.45 | 125 |
IPCALAB | 1476.75 | 1480 |
IRB | 47.7 | 49 |
IRCTC | 725.45 | 760 |
IRFC | 121.78 | 130 |
ITC | 408.6 | 420 |
JINDALSTEL | 837.65 | 840 |
JIOFIN | 222.45 | 235 |
JKCEMENT | 4637.9 | 4800 |
JSL | 590.3 | 610 |
JSWENERGY | 431.5 | 460 |
JSWSTEEL | 973.55 | 960 |
JUBLFOOD | 681.65 | 680 |
KALYANKJIL | 507.05 | 500 |
KEI | 3447.25 | 3500 |
KOTAKBANK | 1945.3 | 1920 |
KPITTECH | 1310.4 | 1400 |
LALPATHLAB | 2629.5 | 2800 |
LAURUSLABS | 555.5 | 580 |
LICHSGFIN | 538.5 | 570 |
LICI | 765.15 | 800 |
LODHA | 1167.8 | 1200 |
LT | 3221.85 | 3350 |
LTF | 136.04 | 145 |
LTIM | 5472.6 | 5700 |
LTTS | 4816.9 | 5100 |
LUPIN | 2026.95 | 2040 |
M&M | 2831.95 | 2950 |
M&MFIN | 276.85 | 280 |
MANAPPURAM | 193.29 | 195 |
MARICO | 624.75 | 640 |
MARUTI | 12762.9 | 12700 |
MAXHEALTH | 1014.65 | 1020 |
MCX | 5550.5 | 5700 |
METROPOLIS | 1680.35 | 1740 |
MFSL | 1065.65 | 1100 |
MGL | 1277.4 | 1320 |
MOTHERSON | 124.79 | 130 |
MPHASIS | 2591.35 | 2700 |
MRF | 109984 | 110000 |
MUTHOOTFIN | 2243.9 | 2260 |
NATIONALUM | 180.74 | 186 |
NAUKRI | 7338.9 | 7700 |
NAVINFLUOR | 4108.1 | 4100 |
NBCC | 82.02 | 85 |
NCC | 190.8 | 200 |
NESTLEIND | 2216.5 | 2220 |
NHPC | 73.21 | 74 |
NMDC | 62.56 | 65 |
NTPC | 302.35 | 310 |
NYKAA | 173.49 | 170 |
OBEROIRLTY | 1590.25 | 1620 |
OFSS | 8797.15 | 9000 |
OIL | 400.55 | 410 |
ONGC | 233.65 | 240 |
PAGEIND | 40921.4 | 43000 |
PAYTM | 733 | 740 |
PEL | 926.05 | 1000 |
PERSISTENT | 5531.3 | 5800 |
PETRONET | 284.9 | 295 |
PFC | 372.35 | 400 |
PHOENIXLTD | 1545.05 | 1600 |
PIDILITIND | 2781.7 | 2860 |
PIIND | 3118.6 | 3300 |
PNB | 93.18 | 97 |
POLICYBZR | 1494.35 | 1600 |
POLYCAB | 5414.2 | 5600 |
POONAWALLA | 285.3 | 300 |
POWERGRID | 263.2 | 265 |
PRESTIGE | 1240.4 | 1300 |
PVRINOX | 1006.55 | 1060 |
RAMCOCEM | 860.75 | 880 |
RBLBANK | 155.8 | 162.5 |
RECLTD | 389.1 | 420 |
RELIANCE | 1224.9 | 1250 |
SAIL | 105.33 | 107.5 |
SBICARD | 853.1 | 840 |
SBILIFE | 1476.2 | 1460 |
SBIN | 727.7 | 750 |
SHREECEM | 28309.15 | 28000 |
SHRIRAMFIN | 550.35 | 550 |
SIEMENS | 4859.3 | 5100 |
SJVN | 88.62 | 90 |
SOLARINDS | 8619.35 | 9000 |
SONACOMS | 487.3 | 510 |
SRF | 2747.8 | 2800 |
SUNPHARMA | 1714.2 | 1720 |
SUNTV | 585.3 | 600 |
SUPREMEIND | 3627.8 | 3800 |
SYNGENE | 700.9 | 730 |
TATACHEM | 854.5 | 920 |
TATACOMM | 1507.45 | 1600 |
TATACONSUM | 1023.25 | 1020 |
TATAELXSI | 6146.85 | 6200 |
TATAMOTORS | 686.6 | 700 |
TATAPOWER | 337.2 | 360 |
TATASTEEL | 134.29 | 135 |
TCS | 3904.5 | 4000 |
TECHM | 1664.95 | 1680 |
TIINDIA | 2603.6 | 2750 |
TITAN | 3233.2 | 3300 |
TORNTPHARM | 3078 | 3100 |
TORNTPOWER | 1239.35 | 1300 |
TRENT | 5096.45 | 5300 |
TVSMOTOR | 2365.7 | 2500 |
UBL | 2028.15 | 2040 |
ULTRACEMCO | 11490.1 | 11400 |
UNIONBANK | 109.01 | 110 |
UNITDSPR | 1349.7 | 1400 |
UPL | 632.2 | 610 |
VBL | 474.55 | 510 |
VEDL | 415.15 | 430 |
VOLTAS | 1241.6 | 1300 |
WIPRO | 305.35 | 307.5 |
YESBANK | 17.66 | 19 |
ZOMATO | 218.53 | 220 |
ZYDUSLIFE | 923.9 | 950 |
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.