TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
18 Oct 2024 01:52 PM IST
Max Pain for TATAMOTORS is 940
Strike 780 has a total call value of 0 versus a total put value of 502,643,350,000 Combined total value = 502,643,350,000
Strike 790 has a total call value of 0 versus a total put value of 468,257,900,000 Combined total value = 468,257,900,000
Strike 800 has a total call value of 0 versus a total put value of 433,874,650,000 Combined total value = 433,874,650,000
Strike 810 has a total call value of 36,300,000 versus a total put value of 400,241,600,000 Combined total value = 400,277,900,000
Strike 820 has a total call value of 72,600,000 versus a total put value of 366,636,050,000 Combined total value = 366,708,650,000
Strike 830 has a total call value of 113,850,000 versus a total put value of 334,368,650,000 Combined total value = 334,482,500,000
Strike 840 has a total call value of 168,850,000 versus a total put value of 302,564,350,000 Combined total value = 302,733,200,000
Strike 850 has a total call value of 254,650,000 versus a total put value of 271,293,000,000 Combined total value = 271,547,650,000
Strike 860 has a total call value of 443,300,000 versus a total put value of 241,961,500,000 Combined total value = 242,404,800,000
Strike 870 has a total call value of 686,400,000 versus a total put value of 213,686,550,000 Combined total value = 214,372,950,000
Strike 880 has a total call value of 1,034,550,000 versus a total put value of 186,340,000,000 Combined total value = 187,374,550,000
Strike 890 has a total call value of 1,581,800,000 versus a total put value of 160,421,800,000 Combined total value = 162,003,600,000
Strike 900 has a total call value of 2,611,950,000 versus a total put value of 136,360,950,000 Combined total value = 138,972,900,000
Strike 910 has a total call value of 5,593,500,000 versus a total put value of 116,697,350,000 Combined total value = 122,290,850,000
Strike 920 has a total call value of 10,034,750,000 versus a total put value of 98,965,350,000 Combined total value = 109,000,100,000
Strike 930 has a total call value of 17,642,900,000 versus a total put value of 84,098,300,000 Combined total value = 101,741,200,000
Strike 940 has a total call value of 28,904,700,000 versus a total put value of 71,149,100,000 Combined total value = 100,053,800,000
Strike 950 has a total call value of 45,564,750,000 versus a total put value of 59,964,850,000 Combined total value = 105,529,600,000
Strike 960 has a total call value of 69,103,650,000 versus a total put value of 50,447,100,000 Combined total value = 119,550,750,000
Strike 970 has a total call value of 96,151,550,000 versus a total put value of 41,934,200,000 Combined total value = 138,085,750,000
Strike 980 has a total call value of 127,342,050,000 versus a total put value of 34,380,500,000 Combined total value = 161,722,550,000
Strike 990 has a total call value of 164,023,200,000 versus a total put value of 28,315,650,000 Combined total value = 192,338,850,000
Strike 1000 has a total call value of 205,255,050,000 versus a total put value of 22,999,900,000 Combined total value = 228,254,950,000
Strike 1010 has a total call value of 260,852,350,000 versus a total put value of 19,524,450,000 Combined total value = 280,376,800,000
Strike 1020 has a total call value of 318,827,850,000 versus a total put value of 16,321,250,000 Combined total value = 335,149,100,000
Strike 1030 has a total call value of 379,695,250,000 versus a total put value of 13,565,200,000 Combined total value = 393,260,450,000
Strike 1040 has a total call value of 442,197,800,000 versus a total put value of 10,809,150,000 Combined total value = 453,006,950,000
Strike 1050 has a total call value of 505,993,950,000 versus a total put value of 8,377,600,000 Combined total value = 514,371,550,000
Strike 1060 has a total call value of 573,664,300,000 versus a total put value of 6,739,700,000 Combined total value = 580,404,000,000
Strike 1070 has a total call value of 642,175,050,000 versus a total put value of 5,457,650,000 Combined total value = 647,632,700,000
Strike 1080 has a total call value of 711,233,050,000 versus a total put value of 4,225,100,000 Combined total value = 715,458,150,000
Strike 1090 has a total call value of 780,923,550,000 versus a total put value of 3,207,050,000 Combined total value = 784,130,600,000
Strike 1100 has a total call value of 850,908,850,000 versus a total put value of 2,242,900,000 Combined total value = 853,151,750,000
Strike 1110 has a total call value of 927,015,650,000 versus a total put value of 2,044,350,000 Combined total value = 929,060,000,000
Strike 1120 has a total call value of 1,003,378,750,000 versus a total put value of 1,845,800,000 Combined total value = 1,005,224,550,000
Strike 1130 has a total call value of 1,080,225,850,000 versus a total put value of 1,647,250,000 Combined total value = 1,081,873,100,000
Strike 1140 has a total call value of 1,157,252,250,000 versus a total put value of 1,448,700,000 Combined total value = 1,158,700,950,000
Strike 1150 has a total call value of 1,234,484,900,000 versus a total put value of 1,250,150,000 Combined total value = 1,235,735,050,000
Strike 1160 has a total call value of 1,312,482,600,000 versus a total put value of 1,051,600,000 Combined total value = 1,313,534,200,000
Strike 1170 has a total call value of 1,390,677,200,000 versus a total put value of 853,050,000 Combined total value = 1,391,530,250,000
Strike 1180 has a total call value of 1,468,871,800,000 versus a total put value of 654,500,000 Combined total value = 1,469,526,300,000
Strike 1190 has a total call value of 1,547,214,900,000 versus a total put value of 455,950,000 Combined total value = 1,547,670,850,000
Strike 1200 has a total call value of 1,625,595,400,000 versus a total put value of 257,400,000 Combined total value = 1,625,852,800,000
Strike 1210 has a total call value of 1,705,360,800,000 versus a total put value of 214,500,000 Combined total value = 1,705,575,300,000
Strike 1220 has a total call value of 1,785,126,200,000 versus a total put value of 171,600,000 Combined total value = 1,785,297,800,000
Strike 1230 has a total call value of 1,864,942,200,000 versus a total put value of 128,700,000 Combined total value = 1,865,070,900,000
Strike 1240 has a total call value of 1,944,758,200,000 versus a total put value of 85,800,000 Combined total value = 1,944,844,000,000
Strike 1250 has a total call value of 2,024,633,600,000 versus a total put value of 42,900,000 Combined total value = 2,024,676,500,000
Strike 1260 has a total call value of 2,104,509,000,000 versus a total put value of 0 Combined total value = 2,104,509,000,000
Strike 1270 has a total call value of 2,184,524,650,000 versus a total put value of 0 Combined total value = 2,184,524,650,000
Strike 1280 has a total call value of 2,264,540,300,000 versus a total put value of 0 Combined total value = 2,264,540,300,000
Strike 1290 has a total call value of 2,344,555,950,000 versus a total put value of 0 Combined total value = 2,344,555,950,000
Strike 1300 has a total call value of 2,424,571,600,000 versus a total put value of 0 Combined total value = 2,424,571,600,000
Strike 1310 has a total call value of 2,504,587,250,000 versus a total put value of 0 Combined total value = 2,504,587,250,000
Strike 1320 has a total call value of 2,584,602,900,000 versus a total put value of 0 Combined total value = 2,584,602,900,000
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.
