TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
26 Dec 2024 04:11 PM IST
Max Pain for TATAMOTORS is 760
Strike 600 has a total call value of 0 versus a total put value of 354,432,100,000 Combined total value = 354,432,100,000
Strike 610 has a total call value of 3,850,000 versus a total put value of 333,474,900,000 Combined total value = 333,478,750,000
Strike 620 has a total call value of 7,700,000 versus a total put value of 312,517,700,000 Combined total value = 312,525,400,000
Strike 630 has a total call value of 16,500,000 versus a total put value of 291,834,400,000 Combined total value = 291,850,900,000
Strike 640 has a total call value of 25,300,000 versus a total put value of 271,406,850,000 Combined total value = 271,432,150,000
Strike 650 has a total call value of 34,100,000 versus a total put value of 251,329,100,000 Combined total value = 251,363,200,000
Strike 660 has a total call value of 42,900,000 versus a total put value of 231,867,350,000 Combined total value = 231,910,250,000
Strike 670 has a total call value of 59,950,000 versus a total put value of 212,734,500,000 Combined total value = 212,794,450,000
Strike 680 has a total call value of 81,400,000 versus a total put value of 193,908,000,000 Combined total value = 193,989,400,000
Strike 690 has a total call value of 223,850,000 versus a total put value of 175,808,600,000 Combined total value = 176,032,450,000
Strike 700 has a total call value of 457,600,000 versus a total put value of 158,153,600,000 Combined total value = 158,611,200,000
Strike 710 has a total call value of 1,123,650,000 versus a total put value of 142,110,650,000 Combined total value = 143,234,300,000
Strike 720 has a total call value of 1,975,050,000 versus a total put value of 126,465,350,000 Combined total value = 128,440,400,000
Strike 730 has a total call value of 3,216,400,000 versus a total put value of 111,932,150,000 Combined total value = 115,148,550,000
Strike 740 has a total call value of 5,382,850,000 versus a total put value of 98,755,250,000 Combined total value = 104,138,100,000
Strike 750 has a total call value of 9,160,250,000 versus a total put value of 87,011,650,000 Combined total value = 96,171,900,000
Strike 760 has a total call value of 16,047,350,000 versus a total put value of 77,982,300,000 Combined total value = 94,029,650,000
Strike 770 has a total call value of 24,708,200,000 versus a total put value of 70,081,550,000 Combined total value = 94,789,750,000
Strike 780 has a total call value of 34,503,700,000 versus a total put value of 62,747,300,000 Combined total value = 97,251,000,000
Strike 790 has a total call value of 46,057,550,000 versus a total put value of 56,038,400,000 Combined total value = 102,095,950,000
Strike 800 has a total call value of 58,510,100,000 versus a total put value of 49,693,050,000 Combined total value = 108,203,150,000
Strike 810 has a total call value of 76,275,650,000 versus a total put value of 45,603,250,000 Combined total value = 121,878,900,000
Strike 820 has a total call value of 94,627,500,000 versus a total put value of 41,627,850,000 Combined total value = 136,255,350,000
Strike 830 has a total call value of 114,346,100,000 versus a total put value of 37,899,950,000 Combined total value = 152,246,050,000
Strike 840 has a total call value of 134,559,150,000 versus a total put value of 34,320,550,000 Combined total value = 168,879,700,000
Strike 850 has a total call value of 155,396,450,000 versus a total put value of 30,860,500,000 Combined total value = 186,256,950,000
Strike 860 has a total call value of 178,474,450,000 versus a total put value of 27,853,100,000 Combined total value = 206,327,550,000
Strike 870 has a total call value of 201,892,350,000 versus a total put value of 24,913,900,000 Combined total value = 226,806,250,000
Strike 880 has a total call value of 225,548,400,000 versus a total put value of 21,981,300,000 Combined total value = 247,529,700,000
Strike 890 has a total call value of 249,483,850,000 versus a total put value of 19,258,250,000 Combined total value = 268,742,100,000
Strike 900 has a total call value of 273,497,950,000 versus a total put value of 16,541,800,000 Combined total value = 290,039,750,000
Strike 910 has a total call value of 299,811,050,000 versus a total put value of 14,686,100,000 Combined total value = 314,497,150,000
Strike 920 has a total call value of 326,145,600,000 versus a total put value of 12,837,000,000 Combined total value = 338,982,600,000
Strike 930 has a total call value of 352,557,150,000 versus a total put value of 11,052,250,000 Combined total value = 363,609,400,000
Strike 940 has a total call value of 378,968,700,000 versus a total put value of 9,267,500,000 Combined total value = 388,236,200,000
Strike 950 has a total call value of 405,511,150,000 versus a total put value of 7,643,350,000 Combined total value = 413,154,500,000
Strike 960 has a total call value of 432,053,600,000 versus a total put value of 6,019,200,000 Combined total value = 438,072,800,000
Strike 970 has a total call value of 458,713,750,000 versus a total put value of 4,514,400,000 Combined total value = 463,228,150,000
Strike 980 has a total call value of 485,373,900,000 versus a total put value of 3,009,600,000 Combined total value = 488,383,500,000
Strike 990 has a total call value of 512,034,050,000 versus a total put value of 1,504,800,000 Combined total value = 513,538,850,000
Strike 1000 has a total call value of 538,694,200,000 versus a total put value of 0 Combined total value = 538,694,200,000
Max-Pain Table for Monthly Expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 413.25 | 430 |
ABB | 6945.3 | 7100 |
ABBOTINDIA | 28597 | 28000 |
ABCAPITAL | 184.35 | 200 |
ABFRL | 282.3 | 300 |
ACC | 2087.65 | 2400 |
ADANIENSOL | 792.3 | 800 |
ADANIENT | 2400.25 | 2800 |
ADANIGREEN | 1064.25 | 1080 |
ADANIPORTS | 1243.95 | 1220 |
ALKEM | 5408.6 | 5500 |
AMBUJACEM | 548.8 | 600 |
ANGELONE | 2903.95 | 2950 |
APLAPOLLO | 1497.2 | 1500 |
APOLLOHOSP | 7261.15 | 7300 |
APOLLOTYRE | 542.25 | 530 |
ASHOKLEY | 220.14 | 225 |
ASIANPAINT | 2262.4 | 2320 |
ASTRAL | 1671.5 | 1800 |
ATGL | 672 | 700 |
ATUL | 7097.35 | 7200 |
AUBANK | 548.3 | 560 |
AUROPHARMA | 1256.25 | 1260 |
AXISBANK | 1076.7 | 1100 |
BAJAJ-AUTO | 8878.5 | 9000 |
BAJAJFINSV | 1559.3 | 1600 |
BAJFINANCE | 6815.75 | 7000 |
BALKRISIND | 2824.7 | 2850 |
BANDHANBNK | 161.47 | 170 |
BANKBARODA | 246.68 | 255 |
BANKINDIA | 103.17 | 105 |
BATAINDIA | 1350.45 | 1400 |
BEL | 295.2 | 300 |
BERGEPAINT | 441 | 450 |
BHARATFORG | 1314.25 | 1340 |
BHARTIARTL | 1599.5 | 1600 |
BHEL | 241.75 | 250 |
BIOCON | 346.45 | 345 |
BOSCHLTD | 34190.1 | 35000 |
BPCL | 295.6 | 300 |
BRITANNIA | 4761.65 | 4800 |
BSE | 5442.35 | 5400 |
BSOFT | 570.25 | 600 |
CAMS | 4964 | 5000 |
CANBK | 101.03 | 104 |
CANFINHOME | 723.95 | 760 |
CDSL | 1806.65 | 1860 |
CESC | 184.82 | 185 |
CGPOWER | 743.75 | 730 |
CHAMBLFERT | 500.4 | 500 |
CHOLAFIN | 1189.35 | 1200 |
CIPLA | 1490.55 | 1500 |
COALINDIA | 386.6 | 405 |
COFORGE | 9493.25 | 9400 |
COLPAL | 2719.2 | 2800 |
CONCOR | 776.35 | 830 |
COROMANDEL | 1845.05 | 1840 |
CROMPTON | 393.6 | 400 |
CUB | 173.54 | 177.5 |
CUMMINSIND | 3364.25 | 3300 |
CYIENT | 1928.35 | 1900 |
DABUR | 505.6 | 510 |
DALBHARAT | 1738.55 | 1800 |
DEEPAKNTR | 2571.25 | 2700 |
DELHIVERY | 350.95 | 350 |
DIVISLAB | 5886.75 | 5800 |
DIXON | 18038.15 | 18000 |
DLF | 838.7 | 850 |
DMART | 3511.65 | 3500 |
DRREDDY | 1355.15 | 1350 |
EICHERMOT | 4801.35 | 4800 |
ESCORTS | 3151.1 | 3300 |
EXIDEIND | 418.3 | 440 |
FEDERALBNK | 197.68 | 200 |
GAIL | 197.63 | 200 |
GLENMARK | 1541.45 | 1540 |
GMRAIRPORT | 79.04 | 84 |
GMRINFRA | 0 | 32 |
GNFC | 575.5 | 600 |
GODREJCP | 1071.2 | 1100 |
GODREJPROP | 2855.75 | 2900 |
GRANULES | 592.95 | 590 |
GRASIM | 2482.05 | 2600 |
GUJGASLTD | 509 | 510 |
HAL | 4229.2 | 4400 |
HAVELLS | 1676.4 | 1700 |
HCLTECH | 1900.75 | 1900 |
HDFCAMC | 4269.45 | 4300 |
HDFCBANK | 1790.75 | 1800 |
HDFCLIFE | 626.4 | 630 |
HEROMOTOCO | 4275 | 4400 |
HFCL | 114.67 | 115 |
HINDALCO | 628.75 | 640 |
HINDCOPPER | 263.2 | 270 |
HINDPETRO | 419.3 | 410 |
HINDUNILVR | 2332.75 | 2400 |
HUDCO | 227.58 | 240 |
ICICIBANK | 1297.35 | 1300 |
ICICIGI | 1861.15 | 2000 |
ICICIPRULI | 668.1 | 660 |
IDEA | 7.56 | 8 |
IDFCFIRSTB | 61.75 | 65 |
IEX | 180.17 | 185 |
IGL | 390.5 | 390 |
INDHOTEL | 868.3 | 860 |
INDIAMART | 2231.5 | 2300 |
INDIANB | 543.8 | 550 |
INDIGO | 4725 | 4600 |
INDUSINDBK | 931.95 | 980 |
INDUSTOWER | 332.35 | 350 |
INFY | 1907.4 | 1940 |
IOC | 137.85 | 145 |
IPCALAB | 1594.4 | 1600 |
IRB | 55.87 | 55 |
IRCTC | 782.4 | 820 |
IRFC | 146.89 | 145 |
ITC | 476.95 | 480 |
JINDALSTEL | 941.35 | 950 |
JIOFIN | 305.55 | 320 |
JKCEMENT | 4595 | 4500 |
JSL | 733.85 | 740 |
JSWENERGY | 636.5 | 650 |
JSWSTEEL | 914.45 | 940 |
JUBLFOOD | 703.9 | 700 |
KALYANKJIL | 726.45 | 720 |
KEI | 4320.25 | 4300 |
KOTAKBANK | 1752.8 | 1800 |
KPITTECH | 1452.2 | 1420 |
LALPATHLAB | 2954.55 | 3000 |
LAURUSLABS | 570.6 | 570 |
LICHSGFIN | 588.2 | 610 |
LICI | 891.9 | 920 |
LODHA | 1414.05 | 1400 |
LT | 3629.5 | 3700 |
LTF | 136.82 | 140 |
LTIM | 5752.35 | 5900 |
LTTS | 4668.05 | 4800 |
LUPIN | 2182.1 | 2180 |
M&M | 2975.65 | 3000 |
M&MFIN | 265.6 | 275 |
MANAPPURAM | 184.29 | 180 |
MARICO | 632.6 | 630 |
MARUTI | 10896 | 11000 |
MAXHEALTH | 1155.7 | 1100 |
MCX | 6352.65 | 6400 |
METROPOLIS | 2028.1 | 2100 |
MFSL | 1114.2 | 1120 |
MGL | 1238.95 | 1260 |
MOTHERSON | 156.4 | 162.5 |
MPHASIS | 2908.45 | 3000 |
MRF | 131204.2 | 130000 |
MUTHOOTFIN | 2062.5 | 2040 |
NATIONALUM | 217.07 | 220 |
NAUKRI | 8667.5 | 8600 |
NAVINFLUOR | 3326.3 | 3500 |
NCC | 284.5 | 300 |
NESTLEIND | 2149.9 | 2200 |
NHPC | 82.04 | 85 |
NMDC | 214.45 | 230 |
NTPC | 334.65 | 350 |
NYKAA | 160.85 | 160 |
OBEROIRLTY | 2322.65 | 2300 |
OFSS | 12279.6 | 12250 |
OIL | 427.05 | 440 |
ONGC | 240.25 | 250 |
PAGEIND | 47083.35 | 48000 |
PAYTM | 1002.35 | 980 |
PEL | 1098.45 | 1100 |
PERSISTENT | 6395.8 | 6300 |
PETRONET | 344.75 | 340 |
PFC | 463.25 | 470 |
PIDILITIND | 2932.45 | 3000 |
PIIND | 3746 | 3800 |
PNB | 102.16 | 105 |
POLICYBZR | 2037.2 | 2050 |
POLYCAB | 7144.6 | 7200 |
POONAWALLA | 320.45 | 320 |
POWERGRID | 310.3 | 320 |
PRESTIGE | 1751.8 | 1750 |
PVRINOX | 1336.85 | 1380 |
RAMCOCEM | 976.55 | 1000 |
RBLBANK | 162.41 | 160 |
RECLTD | 519.1 | 520 |
RELIANCE | 1216.55 | 1270 |
SAIL | 117.59 | 125 |
SBICARD | 679.2 | 700 |
SBILIFE | 1409.05 | 1420 |
SBIN | 812.45 | 830 |
SHREECEM | 26342.7 | 26000 |
SHRIRAMFIN | 2926.9 | 3000 |
SIEMENS | 6705.55 | 6800 |
SJVN | 108.87 | 115 |
SONACOMS | 593.55 | 600 |
SRF | 2262.15 | 2300 |
SUNPHARMA | 1841.35 | 1820 |
SUNTV | 686.45 | 720 |
SUPREMEIND | 4756.55 | 5000 |
SYNGENE | 846.6 | 850 |
TATACHEM | 1057.65 | 1080 |
TATACOMM | 1733.35 | 1760 |
TATACONSUM | 900.95 | 920 |
TATAELXSI | 6896.2 | 7000 |
TATAMOTORS | 740.8 | 760 |
TATAPOWER | 404.3 | 420 |
TATASTEEL | 140.36 | 147.5 |
TCS | 4169.1 | 4250 |
TECHM | 1698.7 | 1720 |
TIINDIA | 3636.9 | 3600 |
TITAN | 3323.05 | 3400 |
TORNTPHARM | 3421.35 | 3400 |
TRENT | 7063.7 | 7000 |
TVSMOTOR | 2438.55 | 2500 |
UBL | 2015.1 | 2000 |
ULTRACEMCO | 11460.65 | 11500 |
UNIONBANK | 119.05 | 120 |
UNITDSPR | 1566.95 | 1560 |
UPL | 499.65 | 520 |
VBL | 624.1 | 630 |
VEDL | 460.45 | 480 |
VOLTAS | 1711.3 | 1740 |
WIPRO | 305.05 | 300 |
YESBANK | 19.8 | 20 |
ZOMATO | 273.2 | 250 |
ZYDUSLIFE | 957.65 | 1000 |
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.