TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
22 Oct 2024 04:11 PM IST
Max Pain for TATAMOTORS is 920
Strike 760 has a total call value of 0 versus a total put value of 515,928,050,000 Combined total value = 515,928,050,000
Strike 770 has a total call value of 0 versus a total put value of 484,256,300,000 Combined total value = 484,256,300,000
Strike 780 has a total call value of 0 versus a total put value of 452,584,550,000 Combined total value = 452,584,550,000
Strike 790 has a total call value of 0 versus a total put value of 421,494,700,000 Combined total value = 421,494,700,000
Strike 800 has a total call value of 0 versus a total put value of 390,425,200,000 Combined total value = 390,425,200,000
Strike 810 has a total call value of 44,000,000 versus a total put value of 360,215,900,000 Combined total value = 360,259,900,000
Strike 820 has a total call value of 92,950,000 versus a total put value of 330,078,650,000 Combined total value = 330,171,600,000
Strike 830 has a total call value of 195,800,000 versus a total put value of 301,282,850,000 Combined total value = 301,478,650,000
Strike 840 has a total call value of 331,650,000 versus a total put value of 273,152,550,000 Combined total value = 273,484,200,000
Strike 850 has a total call value of 504,900,000 versus a total put value of 245,638,250,000 Combined total value = 246,143,150,000
Strike 860 has a total call value of 837,650,000 versus a total put value of 219,788,250,000 Combined total value = 220,625,900,000
Strike 870 has a total call value of 1,254,550,000 versus a total put value of 194,951,350,000 Combined total value = 196,205,900,000
Strike 880 has a total call value of 1,924,450,000 versus a total put value of 171,109,950,000 Combined total value = 173,034,400,000
Strike 890 has a total call value of 3,685,550,000 versus a total put value of 148,600,100,000 Combined total value = 152,285,650,000
Strike 900 has a total call value of 6,999,300,000 versus a total put value of 127,393,750,000 Combined total value = 134,393,050,000
Strike 910 has a total call value of 14,869,250,000 versus a total put value of 109,657,350,000 Combined total value = 124,526,600,000
Strike 920 has a total call value of 25,765,850,000 versus a total put value of 93,309,700,000 Combined total value = 119,075,550,000
Strike 930 has a total call value of 40,906,800,000 versus a total put value of 79,646,600,000 Combined total value = 120,553,400,000
Strike 940 has a total call value of 60,484,050,000 versus a total put value of 67,757,250,000 Combined total value = 128,241,300,000
Strike 950 has a total call value of 85,994,700,000 versus a total put value of 57,459,050,000 Combined total value = 143,453,750,000
Strike 960 has a total call value of 119,623,900,000 versus a total put value of 48,645,850,000 Combined total value = 168,269,750,000
Strike 970 has a total call value of 157,139,950,000 versus a total put value of 40,750,600,000 Combined total value = 197,890,550,000
Strike 980 has a total call value of 197,940,050,000 versus a total put value of 33,609,400,000 Combined total value = 231,549,450,000
Strike 990 has a total call value of 243,827,100,000 versus a total put value of 27,860,250,000 Combined total value = 271,687,350,000
Strike 1000 has a total call value of 294,580,000,000 versus a total put value of 22,807,400,000 Combined total value = 317,387,400,000
Strike 1010 has a total call value of 359,810,550,000 versus a total put value of 19,408,400,000 Combined total value = 379,218,950,000
Strike 1020 has a total call value of 427,387,400,000 versus a total put value of 16,274,500,000 Combined total value = 443,661,900,000
Strike 1030 has a total call value of 497,875,400,000 versus a total put value of 13,575,650,000 Combined total value = 511,451,050,000
Strike 1040 has a total call value of 569,882,500,000 versus a total put value of 11,175,450,000 Combined total value = 581,057,950,000
Strike 1050 has a total call value of 643,079,250,000 versus a total put value of 9,053,550,000 Combined total value = 652,132,800,000
Strike 1060 has a total call value of 719,442,350,000 versus a total put value of 7,687,900,000 Combined total value = 727,130,250,000
Strike 1070 has a total call value of 796,550,150,000 versus a total put value of 6,322,250,000 Combined total value = 802,872,400,000
Strike 1080 has a total call value of 874,060,550,000 versus a total put value of 5,003,900,000 Combined total value = 879,064,450,000
Strike 1090 has a total call value of 952,106,100,000 versus a total put value of 3,892,900,000 Combined total value = 955,999,000,000
Strike 1100 has a total call value of 1,030,367,250,000 versus a total put value of 2,836,350,000 Combined total value = 1,033,203,600,000
Strike 1110 has a total call value of 1,114,051,400,000 versus a total put value of 2,488,200,000 Combined total value = 1,116,539,600,000
Strike 1120 has a total call value of 1,198,012,200,000 versus a total put value of 2,180,750,000 Combined total value = 1,200,192,950,000
Strike 1130 has a total call value of 1,282,373,950,000 versus a total put value of 1,873,300,000 Combined total value = 1,284,247,250,000
Strike 1140 has a total call value of 1,366,897,400,000 versus a total put value of 1,565,850,000 Combined total value = 1,368,463,250,000
Strike 1150 has a total call value of 1,451,618,300,000 versus a total put value of 1,258,400,000 Combined total value = 1,452,876,700,000
Strike 1160 has a total call value of 1,537,020,100,000 versus a total put value of 1,060,400,000 Combined total value = 1,538,080,500,000
Strike 1170 has a total call value of 1,622,607,250,000 versus a total put value of 862,400,000 Combined total value = 1,623,469,650,000
Strike 1180 has a total call value of 1,708,194,400,000 versus a total put value of 664,400,000 Combined total value = 1,708,858,800,000
Strike 1190 has a total call value of 1,793,909,150,000 versus a total put value of 467,500,000 Combined total value = 1,794,376,650,000
Strike 1200 has a total call value of 1,879,659,100,000 versus a total put value of 270,600,000 Combined total value = 1,879,929,700,000
Strike 1210 has a total call value of 1,966,479,900,000 versus a total put value of 225,500,000 Combined total value = 1,966,705,400,000
Strike 1220 has a total call value of 2,053,300,700,000 versus a total put value of 180,400,000 Combined total value = 2,053,481,100,000
Strike 1230 has a total call value of 2,140,121,500,000 versus a total put value of 135,300,000 Combined total value = 2,140,256,800,000
Strike 1240 has a total call value of 2,226,942,300,000 versus a total put value of 90,200,000 Combined total value = 2,227,032,500,000
Strike 1250 has a total call value of 2,313,763,100,000 versus a total put value of 45,100,000 Combined total value = 2,313,808,200,000
Strike 1260 has a total call value of 2,400,583,900,000 versus a total put value of 0 Combined total value = 2,400,583,900,000
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.