TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
11 Oct 2024 11:02 AM IST
Max Pain for TATAMOTORS is 950
Strike 780 has a total call value of 0 versus a total put value of 484,805,200,000 Combined total value = 484,805,200,000
Strike 790 has a total call value of 0 versus a total put value of 451,734,250,000 Combined total value = 451,734,250,000
Strike 800 has a total call value of 0 versus a total put value of 418,663,300,000 Combined total value = 418,663,300,000
Strike 810 has a total call value of 0 versus a total put value of 386,318,900,000 Combined total value = 386,318,900,000
Strike 820 has a total call value of 0 versus a total put value of 353,974,500,000 Combined total value = 353,974,500,000
Strike 830 has a total call value of 0 versus a total put value of 322,597,550,000 Combined total value = 322,597,550,000
Strike 840 has a total call value of 0 versus a total put value of 291,635,850,000 Combined total value = 291,635,850,000
Strike 850 has a total call value of 4,400,000 versus a total put value of 261,121,850,000 Combined total value = 261,126,250,000
Strike 860 has a total call value of 77,000,000 versus a total put value of 232,103,850,000 Combined total value = 232,180,850,000
Strike 870 has a total call value of 163,900,000 versus a total put value of 203,788,200,000 Combined total value = 203,952,100,000
Strike 880 has a total call value of 250,800,000 versus a total put value of 176,356,400,000 Combined total value = 176,607,200,000
Strike 890 has a total call value of 391,050,000 versus a total put value of 150,294,100,000 Combined total value = 150,685,150,000
Strike 900 has a total call value of 596,200,000 versus a total put value of 125,481,950,000 Combined total value = 126,078,150,000
Strike 910 has a total call value of 1,660,450,000 versus a total put value of 105,468,000,000 Combined total value = 107,128,450,000
Strike 920 has a total call value of 3,111,350,000 versus a total put value of 87,110,650,000 Combined total value = 90,222,000,000
Strike 930 has a total call value of 5,647,950,000 versus a total put value of 71,641,350,000 Combined total value = 77,289,300,000
Strike 940 has a total call value of 10,131,000,000 versus a total put value of 58,829,100,000 Combined total value = 68,960,100,000
Strike 950 has a total call value of 18,241,300,000 versus a total put value of 48,011,150,000 Combined total value = 66,252,450,000
Strike 960 has a total call value of 31,194,350,000 versus a total put value of 39,158,900,000 Combined total value = 70,353,250,000
Strike 970 has a total call value of 46,739,550,000 versus a total put value of 31,400,050,000 Combined total value = 78,139,600,000
Strike 980 has a total call value of 65,150,800,000 versus a total put value of 24,649,900,000 Combined total value = 89,800,700,000
Strike 990 has a total call value of 88,710,600,000 versus a total put value of 19,587,150,000 Combined total value = 108,297,750,000
Strike 1000 has a total call value of 115,577,550,000 versus a total put value of 15,334,000,000 Combined total value = 130,911,550,000
Strike 1010 has a total call value of 155,888,700,000 versus a total put value of 13,138,400,000 Combined total value = 169,027,100,000
Strike 1020 has a total call value of 197,960,950,000 versus a total put value of 10,942,800,000 Combined total value = 208,903,750,000
Strike 1030 has a total call value of 243,348,600,000 versus a total put value of 8,747,200,000 Combined total value = 252,095,800,000
Strike 1040 has a total call value of 290,469,300,000 versus a total put value of 6,862,900,000 Combined total value = 297,332,200,000
Strike 1050 has a total call value of 338,827,500,000 versus a total put value of 4,978,600,000 Combined total value = 343,806,100,000
Strike 1060 has a total call value of 391,433,900,000 versus a total put value of 3,904,450,000 Combined total value = 395,338,350,000
Strike 1070 has a total call value of 445,251,950,000 versus a total put value of 2,830,300,000 Combined total value = 448,082,250,000
Strike 1080 has a total call value of 499,676,100,000 versus a total put value of 1,756,150,000 Combined total value = 501,432,250,000
Strike 1090 has a total call value of 554,849,350,000 versus a total put value of 901,450,000 Combined total value = 555,750,800,000
Strike 1100 has a total call value of 610,363,600,000 versus a total put value of 46,750,000 Combined total value = 610,410,350,000
Strike 1110 has a total call value of 672,885,950,000 versus a total put value of 0 Combined total value = 672,885,950,000
Strike 1120 has a total call value of 735,665,150,000 versus a total put value of 0 Combined total value = 735,665,150,000
Strike 1130 has a total call value of 799,037,800,000 versus a total put value of 0 Combined total value = 799,037,800,000
Strike 1140 has a total call value of 862,715,150,000 versus a total put value of 0 Combined total value = 862,715,150,000
Strike 1150 has a total call value of 926,664,200,000 versus a total put value of 0 Combined total value = 926,664,200,000
Strike 1160 has a total call value of 991,571,350,000 versus a total put value of 0 Combined total value = 991,571,350,000
Strike 1170 has a total call value of 1,056,729,850,000 versus a total put value of 0 Combined total value = 1,056,729,850,000
Strike 1180 has a total call value of 1,121,945,000,000 versus a total put value of 0 Combined total value = 1,121,945,000,000
Strike 1190 has a total call value of 1,187,295,450,000 versus a total put value of 0 Combined total value = 1,187,295,450,000
Strike 1200 has a total call value of 1,252,689,900,000 versus a total put value of 0 Combined total value = 1,252,689,900,000
Strike 1210 has a total call value of 1,319,490,700,000 versus a total put value of 0 Combined total value = 1,319,490,700,000
Strike 1220 has a total call value of 1,386,291,500,000 versus a total put value of 0 Combined total value = 1,386,291,500,000
Strike 1230 has a total call value of 1,453,092,300,000 versus a total put value of 0 Combined total value = 1,453,092,300,000
Strike 1240 has a total call value of 1,519,893,100,000 versus a total put value of 0 Combined total value = 1,519,893,100,000
Strike 1250 has a total call value of 1,586,693,900,000 versus a total put value of 0 Combined total value = 1,586,693,900,000
Strike 1260 has a total call value of 1,653,494,700,000 versus a total put value of 0 Combined total value = 1,653,494,700,000
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.