TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
18 Oct 2024 10:22 AM IST
Max Pain for TATAMOTORS is 930
Strike 780 has a total call value of 0 versus a total put value of 493,351,100,000 Combined total value = 493,351,100,000
Strike 790 has a total call value of 0 versus a total put value of 459,082,800,000 Combined total value = 459,082,800,000
Strike 800 has a total call value of 0 versus a total put value of 424,814,500,000 Combined total value = 424,814,500,000
Strike 810 has a total call value of 43,450,000 versus a total put value of 391,338,200,000 Combined total value = 391,381,650,000
Strike 820 has a total call value of 86,900,000 versus a total put value of 357,885,550,000 Combined total value = 357,972,450,000
Strike 830 has a total call value of 135,300,000 versus a total put value of 325,783,150,000 Combined total value = 325,918,450,000
Strike 840 has a total call value of 197,450,000 versus a total put value of 294,241,200,000 Combined total value = 294,438,650,000
Strike 850 has a total call value of 287,100,000 versus a total put value of 263,249,250,000 Combined total value = 263,536,350,000
Strike 860 has a total call value of 478,500,000 versus a total put value of 234,381,400,000 Combined total value = 234,859,900,000
Strike 870 has a total call value of 729,850,000 versus a total put value of 206,588,250,000 Combined total value = 207,318,100,000
Strike 880 has a total call value of 1,062,050,000 versus a total put value of 179,721,300,000 Combined total value = 180,783,350,000
Strike 890 has a total call value of 1,658,800,000 versus a total put value of 154,380,050,000 Combined total value = 156,038,850,000
Strike 900 has a total call value of 2,784,650,000 versus a total put value of 130,751,500,000 Combined total value = 133,536,150,000
Strike 910 has a total call value of 6,724,850,000 versus a total put value of 111,595,550,000 Combined total value = 118,320,400,000
Strike 920 has a total call value of 12,645,050,000 versus a total put value of 94,180,900,000 Combined total value = 106,825,950,000
Strike 930 has a total call value of 22,297,000,000 versus a total put value of 79,595,450,000 Combined total value = 101,892,450,000
Strike 940 has a total call value of 36,036,000,000 versus a total put value of 66,998,250,000 Combined total value = 103,034,250,000
Strike 950 has a total call value of 55,212,300,000 versus a total put value of 56,167,100,000 Combined total value = 111,379,400,000
Strike 960 has a total call value of 81,469,300,000 versus a total put value of 46,972,750,000 Combined total value = 128,442,050,000
Strike 970 has a total call value of 111,350,250,000 versus a total put value of 38,797,550,000 Combined total value = 150,147,800,000
Strike 980 has a total call value of 145,147,200,000 versus a total put value of 31,597,500,000 Combined total value = 176,744,700,000
Strike 990 has a total call value of 184,518,400,000 versus a total put value of 25,901,700,000 Combined total value = 210,420,100,000
Strike 1000 has a total call value of 228,314,900,000 versus a total put value of 20,959,950,000 Combined total value = 249,274,850,000
Strike 1010 has a total call value of 286,435,050,000 versus a total put value of 17,880,500,000 Combined total value = 304,315,550,000
Strike 1020 has a total call value of 346,914,150,000 versus a total put value of 14,801,050,000 Combined total value = 361,715,200,000
Strike 1030 has a total call value of 410,342,900,000 versus a total put value of 12,169,300,000 Combined total value = 422,512,200,000
Strike 1040 has a total call value of 475,418,900,000 versus a total put value of 9,537,550,000 Combined total value = 484,956,450,000
Strike 1050 has a total call value of 541,759,350,000 versus a total put value of 7,235,250,000 Combined total value = 548,994,600,000
Strike 1060 has a total call value of 611,864,000,000 versus a total put value of 5,736,500,000 Combined total value = 617,600,500,000
Strike 1070 has a total call value of 682,840,400,000 versus a total put value of 4,594,700,000 Combined total value = 687,435,100,000
Strike 1080 has a total call value of 754,370,100,000 versus a total put value of 3,452,900,000 Combined total value = 757,823,000,000
Strike 1090 has a total call value of 826,601,600,000 versus a total put value of 2,526,700,000 Combined total value = 829,128,300,000
Strike 1100 has a total call value of 899,143,850,000 versus a total put value of 1,600,500,000 Combined total value = 900,744,350,000
Strike 1110 has a total call value of 977,884,050,000 versus a total put value of 1,440,450,000 Combined total value = 979,324,500,000
Strike 1120 has a total call value of 1,056,880,550,000 versus a total put value of 1,280,400,000 Combined total value = 1,058,160,950,000
Strike 1130 has a total call value of 1,136,373,700,000 versus a total put value of 1,120,350,000 Combined total value = 1,137,494,050,000
Strike 1140 has a total call value of 1,216,046,700,000 versus a total put value of 960,300,000 Combined total value = 1,217,007,000,000
Strike 1150 has a total call value of 1,295,719,700,000 versus a total put value of 800,250,000 Combined total value = 1,296,519,950,000
Strike 1160 has a total call value of 1,376,185,250,000 versus a total put value of 640,200,000 Combined total value = 1,376,825,450,000
Strike 1170 has a total call value of 1,456,847,150,000 versus a total put value of 480,150,000 Combined total value = 1,457,327,300,000
Strike 1180 has a total call value of 1,537,509,050,000 versus a total put value of 320,100,000 Combined total value = 1,537,829,150,000
Strike 1190 has a total call value of 1,618,320,000,000 versus a total put value of 160,050,000 Combined total value = 1,618,480,050,000
Strike 1200 has a total call value of 1,699,130,950,000 versus a total put value of 0 Combined total value = 1,699,130,950,000
Strike 1210 has a total call value of 1,781,328,450,000 versus a total put value of 0 Combined total value = 1,781,328,450,000
Strike 1220 has a total call value of 1,863,525,950,000 versus a total put value of 0 Combined total value = 1,863,525,950,000
Strike 1230 has a total call value of 1,945,774,050,000 versus a total put value of 0 Combined total value = 1,945,774,050,000
Strike 1240 has a total call value of 2,028,022,150,000 versus a total put value of 0 Combined total value = 2,028,022,150,000
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.