TATAMOTORS
Tata Motors Limited
Max pain for TATAMOTORS
21 Nov 2024 04:11 PM IST
Max Pain for TATAMOTORS is 800
Strike 640 has a total call value of 0 versus a total put value of 459,411,700,000 Combined total value = 459,411,700,000
Strike 650 has a total call value of 0 versus a total put value of 432,033,800,000 Combined total value = 432,033,800,000
Strike 660 has a total call value of 0 versus a total put value of 404,655,900,000 Combined total value = 404,655,900,000
Strike 670 has a total call value of 0 versus a total put value of 377,428,700,000 Combined total value = 377,428,700,000
Strike 680 has a total call value of 0 versus a total put value of 350,212,500,000 Combined total value = 350,212,500,000
Strike 690 has a total call value of 0 versus a total put value of 323,837,250,000 Combined total value = 323,837,250,000
Strike 700 has a total call value of 0 versus a total put value of 297,597,850,000 Combined total value = 297,597,850,000
Strike 710 has a total call value of 118,250,000 versus a total put value of 273,803,750,000 Combined total value = 273,922,000,000
Strike 720 has a total call value of 261,250,000 versus a total put value of 250,408,400,000 Combined total value = 250,669,650,000
Strike 730 has a total call value of 430,100,000 versus a total put value of 228,038,250,000 Combined total value = 228,468,350,000
Strike 740 has a total call value of 636,350,000 versus a total put value of 206,268,700,000 Combined total value = 206,905,050,000
Strike 750 has a total call value of 924,550,000 versus a total put value of 185,752,050,000 Combined total value = 186,676,600,000
Strike 760 has a total call value of 1,408,550,000 versus a total put value of 167,006,400,000 Combined total value = 168,414,950,000
Strike 770 has a total call value of 2,378,750,000 versus a total put value of 149,642,900,000 Combined total value = 152,021,650,000
Strike 780 has a total call value of 4,444,000,000 versus a total put value of 133,753,400,000 Combined total value = 138,197,400,000
Strike 790 has a total call value of 8,658,100,000 versus a total put value of 119,868,650,000 Combined total value = 128,526,750,000
Strike 800 has a total call value of 14,890,700,000 versus a total put value of 107,132,300,000 Combined total value = 122,023,000,000
Strike 810 has a total call value of 26,143,150,000 versus a total put value of 96,626,750,000 Combined total value = 122,769,900,000
Strike 820 has a total call value of 39,894,250,000 versus a total put value of 86,486,950,000 Combined total value = 126,381,200,000
Strike 830 has a total call value of 57,266,000,000 versus a total put value of 77,024,200,000 Combined total value = 134,290,200,000
Strike 840 has a total call value of 78,152,250,000 versus a total put value of 68,161,500,000 Combined total value = 146,313,750,000
Strike 850 has a total call value of 103,991,250,000 versus a total put value of 60,268,450,000 Combined total value = 164,259,700,000
Strike 860 has a total call value of 136,256,450,000 versus a total put value of 53,750,950,000 Combined total value = 190,007,400,000
Strike 870 has a total call value of 172,004,250,000 versus a total put value of 47,868,700,000 Combined total value = 219,872,950,000
Strike 880 has a total call value of 209,221,650,000 versus a total put value of 42,243,300,000 Combined total value = 251,464,950,000
Strike 890 has a total call value of 248,069,250,000 versus a total put value of 37,117,300,000 Combined total value = 285,186,550,000
Strike 900 has a total call value of 287,986,600,000 versus a total put value of 31,991,300,000 Combined total value = 319,977,900,000
Strike 910 has a total call value of 336,310,700,000 versus a total put value of 28,268,350,000 Combined total value = 364,579,050,000
Strike 920 has a total call value of 385,606,100,000 versus a total put value of 24,545,400,000 Combined total value = 410,151,500,000
Strike 930 has a total call value of 436,142,850,000 versus a total put value of 21,458,250,000 Combined total value = 457,601,100,000
Strike 940 has a total call value of 487,270,850,000 versus a total put value of 18,572,400,000 Combined total value = 505,843,250,000
Strike 950 has a total call value of 539,030,250,000 versus a total put value of 16,020,400,000 Combined total value = 555,050,650,000
Strike 960 has a total call value of 592,756,450,000 versus a total put value of 13,800,600,000 Combined total value = 606,557,050,000
Strike 970 has a total call value of 646,873,700,000 versus a total put value of 11,880,550,000 Combined total value = 658,754,250,000
Strike 980 has a total call value of 701,225,250,000 versus a total put value of 10,172,800,000 Combined total value = 711,398,050,000
Strike 990 has a total call value of 755,993,700,000 versus a total put value of 8,576,150,000 Combined total value = 764,569,850,000
Strike 1000 has a total call value of 810,986,550,000 versus a total put value of 6,979,500,000 Combined total value = 817,966,050,000
Strike 1010 has a total call value of 869,437,250,000 versus a total put value of 6,141,300,000 Combined total value = 875,578,550,000
Strike 1020 has a total call value of 928,003,450,000 versus a total put value of 5,303,100,000 Combined total value = 933,306,550,000
Strike 1030 has a total call value of 986,778,100,000 versus a total put value of 4,541,900,000 Combined total value = 991,320,000,000
Strike 1040 has a total call value of 1,045,652,850,000 versus a total put value of 3,812,600,000 Combined total value = 1,049,465,450,000
Strike 1050 has a total call value of 1,104,703,050,000 versus a total put value of 3,083,300,000 Combined total value = 1,107,786,350,000
Strike 1060 has a total call value of 1,164,328,550,000 versus a total put value of 2,603,700,000 Combined total value = 1,166,932,250,000
Strike 1070 has a total call value of 1,224,030,500,000 versus a total put value of 2,124,100,000 Combined total value = 1,226,154,600,000
Strike 1080 has a total call value of 1,283,732,450,000 versus a total put value of 1,648,900,000 Combined total value = 1,285,381,350,000
Strike 1090 has a total call value of 1,343,463,000,000 versus a total put value of 1,200,100,000 Combined total value = 1,344,663,100,000
Strike 1100 has a total call value of 1,403,193,550,000 versus a total put value of 751,300,000 Combined total value = 1,403,944,850,000
Strike 1110 has a total call value of 1,463,690,800,000 versus a total put value of 675,950,000 Combined total value = 1,464,366,750,000
Strike 1120 has a total call value of 1,524,188,050,000 versus a total put value of 600,600,000 Combined total value = 1,524,788,650,000
Strike 1130 has a total call value of 1,584,685,300,000 versus a total put value of 525,250,000 Combined total value = 1,585,210,550,000
Strike 1140 has a total call value of 1,645,182,550,000 versus a total put value of 449,900,000 Combined total value = 1,645,632,450,000
Strike 1150 has a total call value of 1,705,679,800,000 versus a total put value of 374,550,000 Combined total value = 1,706,054,350,000
Strike 1160 has a total call value of 1,766,177,050,000 versus a total put value of 299,200,000 Combined total value = 1,766,476,250,000
Strike 1170 has a total call value of 1,826,700,700,000 versus a total put value of 223,850,000 Combined total value = 1,826,924,550,000
Strike 1180 has a total call value of 1,887,224,350,000 versus a total put value of 148,500,000 Combined total value = 1,887,372,850,000
Strike 1190 has a total call value of 1,947,748,000,000 versus a total put value of 74,250,000 Combined total value = 1,947,822,250,000
Strike 1200 has a total call value of 2,008,271,650,000 versus a total put value of 0 Combined total value = 2,008,271,650,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 980 |
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.
