[--[65.84.65.76]--]
TATAPOWER
TATA POWER CO LTD

449.15 1.45 (0.32%)

Max pain for TATAPOWER

23 May 2024 04:08 PM IST

Max Pain for TATAPOWER is 440  



Strike  320  has a total call value of 0  versus a total put value of  338,573,250,000 Combined total value = 338,573,250,000

Strike  325  has a total call value of 0  versus a total put value of  321,078,937,500 Combined total value = 321,078,937,500

Strike  330  has a total call value of 0  versus a total put value of  303,584,625,000 Combined total value = 303,584,625,000

Strike  335  has a total call value of 0  versus a total put value of  286,166,250,000 Combined total value = 286,166,250,000

Strike  340  has a total call value of 0  versus a total put value of  268,747,875,000 Combined total value = 268,747,875,000

Strike  345  has a total call value of 0  versus a total put value of  251,408,812,500 Combined total value = 251,408,812,500

Strike  350  has a total call value of 0  versus a total put value of  234,069,750,000 Combined total value = 234,069,750,000

Strike  355  has a total call value of 0  versus a total put value of  217,147,500,000 Combined total value = 217,147,500,000

Strike  360  has a total call value of 0  versus a total put value of  200,262,375,000 Combined total value = 200,262,375,000

Strike  365  has a total call value of 27,000,000  versus a total put value of  183,756,937,500 Combined total value = 183,783,937,500

Strike  370  has a total call value of 54,000,000  versus a total put value of  167,251,500,000 Combined total value = 167,305,500,000

Strike  375  has a total call value of 81,000,000  versus a total put value of  151,228,687,500 Combined total value = 151,309,687,500

Strike  380  has a total call value of 108,000,000  versus a total put value of  135,320,625,000 Combined total value = 135,428,625,000

Strike  385  has a total call value of 185,625,000  versus a total put value of  120,342,375,000 Combined total value = 120,528,000,000

Strike  390  has a total call value of 263,250,000  versus a total put value of  105,551,437,500 Combined total value = 105,814,687,500

Strike  395  has a total call value of 371,250,000  versus a total put value of  91,562,062,500 Combined total value = 91,933,312,500

Strike  400  has a total call value of 479,250,000  versus a total put value of  77,938,875,000 Combined total value = 78,418,125,000

Strike  405  has a total call value of 1,054,687,500  versus a total put value of  66,607,312,500 Combined total value = 67,662,000,000

Strike  410  has a total call value of 1,770,187,500  versus a total put value of  55,562,625,000 Combined total value = 57,332,812,500

Strike  415  has a total call value of 2,885,625,000  versus a total put value of  45,226,687,500 Combined total value = 48,112,312,500

Strike  420  has a total call value of 4,218,750,000  versus a total put value of  35,273,812,500 Combined total value = 39,492,562,500

Strike  425  has a total call value of 6,426,000,000  versus a total put value of  26,846,437,500 Combined total value = 33,272,437,500

Strike  430  has a total call value of 9,031,500,000  versus a total put value of  19,249,312,500 Combined total value = 28,280,812,500

Strike  435  has a total call value of 12,413,250,000  versus a total put value of  13,186,125,000 Combined total value = 25,599,375,000

Strike  440  has a total call value of 16,210,125,000  versus a total put value of  7,961,625,000 Combined total value = 24,171,750,000

Strike  445  has a total call value of 21,471,750,000  versus a total put value of  4,716,562,500 Combined total value = 26,188,312,500

Strike  450  has a total call value of 27,715,500,000  versus a total put value of  2,178,562,500 Combined total value = 29,894,062,500

Strike  455  has a total call value of 37,877,625,000  versus a total put value of  1,294,312,500 Combined total value = 39,171,937,500

Strike  460  has a total call value of 49,315,500,000  versus a total put value of  673,312,500 Combined total value = 49,988,812,500

Strike  465  has a total call value of 63,924,187,500  versus a total put value of  384,750,000 Combined total value = 64,308,937,500

Strike  470  has a total call value of 79,612,875,000  versus a total put value of  167,062,500 Combined total value = 79,779,937,500

Strike  475  has a total call value of 97,567,875,000  versus a total put value of  69,187,500 Combined total value = 97,637,062,500

Strike  480  has a total call value of 116,184,375,000  versus a total put value of  0 Combined total value = 116,184,375,000

Strike  485  has a total call value of 136,675,687,500  versus a total put value of  0 Combined total value = 136,675,687,500

Strike  490  has a total call value of 157,448,812,500  versus a total put value of  0 Combined total value = 157,448,812,500

Strike  495  has a total call value of 179,183,812,500  versus a total put value of  0 Combined total value = 179,183,812,500

Strike  500  has a total call value of 201,123,000,000  versus a total put value of  0 Combined total value = 201,123,000,000

Strike  505  has a total call value of 226,808,437,500  versus a total put value of  0 Combined total value = 226,808,437,500

Strike  510  has a total call value of 252,493,875,000  versus a total put value of  0 Combined total value = 252,493,875,000

Strike  515  has a total call value of 279,002,812,500  versus a total put value of  0 Combined total value = 279,002,812,500

Strike  520  has a total call value of 305,511,750,000  versus a total put value of  0 Combined total value = 305,511,750,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.