TATAPOWER
TATA POWER CO LTD
Max pain for TATAPOWER
18 Mar 2024 04:21 PM IST
Max Pain for TATAPOWER is 390
Strike 270 has a total call value of 0 versus a total put value of 417,070,687,500 Combined total value = 417,070,687,500
Strike 275 has a total call value of 0 versus a total put value of 397,367,437,500 Combined total value = 397,367,437,500
Strike 280 has a total call value of 0 versus a total put value of 377,664,187,500 Combined total value = 377,664,187,500
Strike 285 has a total call value of 0 versus a total put value of 357,960,937,500 Combined total value = 357,960,937,500
Strike 290 has a total call value of 0 versus a total put value of 338,257,687,500 Combined total value = 338,257,687,500
Strike 295 has a total call value of 0 versus a total put value of 318,554,437,500 Combined total value = 318,554,437,500
Strike 300 has a total call value of 0 versus a total put value of 298,851,187,500 Combined total value = 298,851,187,500
Strike 305 has a total call value of 57,375,000 versus a total put value of 279,531,000,000 Combined total value = 279,588,375,000
Strike 310 has a total call value of 114,750,000 versus a total put value of 260,210,812,500 Combined total value = 260,325,562,500
Strike 315 has a total call value of 172,125,000 versus a total put value of 241,179,187,500 Combined total value = 241,351,312,500
Strike 320 has a total call value of 229,500,000 versus a total put value of 222,213,375,000 Combined total value = 222,442,875,000
Strike 325 has a total call value of 315,562,500 versus a total put value of 203,730,187,500 Combined total value = 204,045,750,000
Strike 330 has a total call value of 401,625,000 versus a total put value of 185,351,625,000 Combined total value = 185,753,250,000
Strike 335 has a total call value of 501,187,500 versus a total put value of 167,403,375,000 Combined total value = 167,904,562,500
Strike 340 has a total call value of 612,562,500 versus a total put value of 149,610,375,000 Combined total value = 150,222,937,500
Strike 345 has a total call value of 762,750,000 versus a total put value of 132,458,625,000 Combined total value = 133,221,375,000
Strike 350 has a total call value of 912,937,500 versus a total put value of 115,516,125,000 Combined total value = 116,429,062,500
Strike 355 has a total call value of 1,380,375,000 versus a total put value of 100,050,187,500 Combined total value = 101,430,562,500
Strike 360 has a total call value of 1,847,812,500 versus a total put value of 84,979,125,000 Combined total value = 86,826,937,500
Strike 365 has a total call value of 2,458,687,500 versus a total put value of 71,138,250,000 Combined total value = 73,596,937,500
Strike 370 has a total call value of 3,118,500,000 versus a total put value of 57,957,187,500 Combined total value = 61,075,687,500
Strike 375 has a total call value of 4,330,125,000 versus a total put value of 47,000,250,000 Combined total value = 51,330,375,000
Strike 380 has a total call value of 6,076,687,500 versus a total put value of 36,843,187,500 Combined total value = 42,919,875,000
Strike 385 has a total call value of 9,201,937,500 versus a total put value of 29,208,937,500 Combined total value = 38,410,875,000
Strike 390 has a total call value of 13,088,250,000 versus a total put value of 22,482,562,500 Combined total value = 35,570,812,500
Strike 395 has a total call value of 19,271,250,000 versus a total put value of 17,283,375,000 Combined total value = 36,554,625,000
Strike 400 has a total call value of 26,750,250,000 versus a total put value of 12,452,062,500 Combined total value = 39,202,312,500
Strike 405 has a total call value of 39,691,687,500 versus a total put value of 9,444,937,500 Combined total value = 49,136,625,000
Strike 410 has a total call value of 53,797,500,000 versus a total put value of 6,711,187,500 Combined total value = 60,508,687,500
Strike 415 has a total call value of 71,315,437,500 versus a total put value of 4,554,562,500 Combined total value = 75,870,000,000
Strike 420 has a total call value of 90,694,687,500 versus a total put value of 2,706,750,000 Combined total value = 93,401,437,500
Strike 425 has a total call value of 115,468,875,000 versus a total put value of 1,697,625,000 Combined total value = 117,166,500,000
Strike 430 has a total call value of 142,009,875,000 versus a total put value of 933,187,500 Combined total value = 142,943,062,500
Strike 435 has a total call value of 172,531,687,500 versus a total put value of 575,437,500 Combined total value = 173,107,125,000
Strike 440 has a total call value of 203,956,312,500 versus a total put value of 315,562,500 Combined total value = 204,271,875,000
Strike 445 has a total call value of 238,232,812,500 versus a total put value of 153,562,500 Combined total value = 238,386,375,000
Strike 450 has a total call value of 273,142,125,000 versus a total put value of 8,437,500 Combined total value = 273,150,562,500
Strike 455 has a total call value of 312,843,937,500 versus a total put value of 0 Combined total value = 312,843,937,500
Strike 460 has a total call value of 352,932,187,500 versus a total put value of 0 Combined total value = 352,932,187,500
Strike 465 has a total call value of 396,827,437,500 versus a total put value of 0 Combined total value = 396,827,437,500
Strike 470 has a total call value of 440,989,312,500 versus a total put value of 0 Combined total value = 440,989,312,500
Strike 475 has a total call value of 486,779,625,000 versus a total put value of 0 Combined total value = 486,779,625,000
Strike 480 has a total call value of 532,569,937,500 versus a total put value of 0 Combined total value = 532,569,937,500
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.