TATAPOWER
Tata Power Co Ltd
Max pain for TATAPOWER
27 Jan 2025 04:11 PM IST
Max Pain for TATAPOWER is 380
Strike 300 has a total call value of 0 versus a total put value of 221,431,725,000 Combined total value = 221,431,725,000
Strike 305 has a total call value of 0 versus a total put value of 207,311,400,000 Combined total value = 207,311,400,000
Strike 310 has a total call value of 0 versus a total put value of 193,233,600,000 Combined total value = 193,233,600,000
Strike 315 has a total call value of 0 versus a total put value of 179,322,525,000 Combined total value = 179,322,525,000
Strike 320 has a total call value of 0 versus a total put value of 165,620,700,000 Combined total value = 165,620,700,000
Strike 325 has a total call value of 0 versus a total put value of 152,241,525,000 Combined total value = 152,241,525,000
Strike 330 has a total call value of 0 versus a total put value of 138,939,300,000 Combined total value = 138,939,300,000
Strike 335 has a total call value of 45,225,000 versus a total put value of 126,349,200,000 Combined total value = 126,394,425,000
Strike 340 has a total call value of 136,350,000 versus a total put value of 114,147,225,000 Combined total value = 114,283,575,000
Strike 345 has a total call value of 309,825,000 versus a total put value of 103,126,500,000 Combined total value = 103,436,325,000
Strike 350 has a total call value of 569,025,000 versus a total put value of 92,456,775,000 Combined total value = 93,025,800,000
Strike 355 has a total call value of 1,233,900,000 versus a total put value of 82,782,000,000 Combined total value = 84,015,900,000
Strike 360 has a total call value of 2,795,850,000 versus a total put value of 73,772,100,000 Combined total value = 76,567,950,000
Strike 365 has a total call value of 5,316,300,000 versus a total put value of 65,750,400,000 Combined total value = 71,066,700,000
Strike 370 has a total call value of 8,613,000,000 versus a total put value of 58,404,375,000 Combined total value = 67,017,375,000
Strike 375 has a total call value of 13,337,325,000 versus a total put value of 51,659,100,000 Combined total value = 64,996,425,000
Strike 380 has a total call value of 19,201,725,000 versus a total put value of 45,131,850,000 Combined total value = 64,333,575,000
Strike 385 has a total call value of 26,601,075,000 versus a total put value of 39,025,800,000 Combined total value = 65,626,875,000
Strike 390 has a total call value of 35,332,875,000 versus a total put value of 33,109,425,000 Combined total value = 68,442,300,000
Strike 395 has a total call value of 45,443,025,000 versus a total put value of 27,779,625,000 Combined total value = 73,222,650,000
Strike 400 has a total call value of 56,248,425,000 versus a total put value of 22,669,875,000 Combined total value = 78,918,300,000
Strike 405 has a total call value of 71,105,850,000 versus a total put value of 18,760,275,000 Combined total value = 89,866,125,000
Strike 410 has a total call value of 86,912,325,000 versus a total put value of 15,309,000,000 Combined total value = 102,221,325,000
Strike 415 has a total call value of 104,135,625,000 versus a total put value of 12,503,700,000 Combined total value = 116,639,325,000
Strike 420 has a total call value of 122,267,475,000 versus a total put value of 9,881,325,000 Combined total value = 132,148,800,000
Strike 425 has a total call value of 141,728,400,000 versus a total put value of 7,959,600,000 Combined total value = 149,688,000,000
Strike 430 has a total call value of 161,457,975,000 versus a total put value of 6,117,525,000 Combined total value = 167,575,500,000
Strike 435 has a total call value of 182,243,250,000 versus a total put value of 4,959,900,000 Combined total value = 187,203,150,000
Strike 440 has a total call value of 203,322,150,000 versus a total put value of 3,802,275,000 Combined total value = 207,124,425,000
Strike 445 has a total call value of 224,912,700,000 versus a total put value of 2,789,100,000 Combined total value = 227,701,800,000
Strike 450 has a total call value of 246,607,200,000 versus a total put value of 1,780,650,000 Combined total value = 248,387,850,000
Strike 455 has a total call value of 269,986,500,000 versus a total put value of 1,462,725,000 Combined total value = 271,449,225,000
Strike 460 has a total call value of 293,422,500,000 versus a total put value of 1,144,800,000 Combined total value = 294,567,300,000
Strike 465 has a total call value of 317,041,425,000 versus a total put value of 987,525,000 Combined total value = 318,028,950,000
Strike 470 has a total call value of 340,691,400,000 versus a total put value of 830,250,000 Combined total value = 341,521,650,000
Strike 475 has a total call value of 364,537,800,000 versus a total put value of 691,875,000 Combined total value = 365,229,675,000
Strike 480 has a total call value of 388,395,675,000 versus a total put value of 553,500,000 Combined total value = 388,949,175,000
Strike 485 has a total call value of 412,520,850,000 versus a total put value of 415,125,000 Combined total value = 412,935,975,000
Strike 490 has a total call value of 436,646,025,000 versus a total put value of 276,750,000 Combined total value = 436,922,775,000
Strike 495 has a total call value of 460,891,350,000 versus a total put value of 138,375,000 Combined total value = 461,029,725,000
Strike 500 has a total call value of 485,136,675,000 versus a total put value of 0 Combined total value = 485,136,675,000
Strike 505 has a total call value of 509,815,350,000 versus a total put value of 0 Combined total value = 509,815,350,000
Strike 510 has a total call value of 534,494,025,000 versus a total put value of 0 Combined total value = 534,494,025,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 418.85 | 430 |
| ABB | 6083.3 | 6300 |
| ABBOTINDIA | 26518.15 | 28000 |
| ABCAPITAL | 165.1 | 180 |
| ABFRL | 268.75 | 280 |
| ACC | 1995.4 | 2060 |
| ADANIENSOL | 755.65 | 780 |
| ADANIENT | 2259.7 | 2440 |
| ADANIGREEN | 998.95 | 1020 |
| ADANIPORTS | 1082 | 1160 |
| ALKEM | 4962.85 | 5200 |
| AMBUJACEM | 534.9 | 550 |
| ANGELONE | 2212.65 | 2500 |
| APLAPOLLO | 1515.95 | 1560 |
| APOLLOHOSP | 6695.45 | 6900 |
| APOLLOTYRE | 419.55 | 450 |
| ASHOKLEY | 197.29 | 210 |
| ASIANPAINT | 2251.5 | 2300 |
| ASTRAL | 1462.1 | 1560 |
| ATGL | 619.4 | 650 |
| ATUL | 6334.8 | 6500 |
| AUBANK | 563.45 | 575 |
| AUROPHARMA | 1176.3 | 1220 |
| AXISBANK | 948.1 | 990 |
| BAJAJ-AUTO | 8384.6 | 8700 |
| BAJAJFINSV | 1711.6 | 1680 |
| BAJFINANCE | 7295.45 | 7300 |
| BALKRISIND | 2564.65 | 2700 |
| BANDHANBNK | 149.5 | 160 |
| BANKBARODA | 219.62 | 232.5 |
| BANKINDIA | 104.29 | 100 |
| BATAINDIA | 1238.2 | 1300 |
| BEL | 262.95 | 280 |
| BERGEPAINT | 480 | 470 |
| BHARATFORG | 1197.35 | 1240 |
| BHARTIARTL | 1602.6 | 1620 |
| BHEL | 194.54 | 210 |
| BIOCON | 370.25 | 375 |
| BOSCHLTD | 29704.05 | 32500 |
| BPCL | 261.3 | 270 |
| BRITANNIA | 5176.25 | 4900 |
| BSE | 5441.15 | 5600 |
| BSOFT | 517.5 | 550 |
| CAMS | 3808.65 | 4300 |
| CANBK | 91.93 | 98 |
| CANFINHOME | 674.05 | 700 |
| CDSL | 1344.05 | 1520 |
| CESC | 136.21 | 145 |
| CGPOWER | 595.45 | 640 |
| CHAMBLFERT | 478.6 | 490 |
| CHOLAFIN | 1175.35 | 1260 |
| CIPLA | 1396.1 | 1460 |
| COALINDIA | 375.75 | 385 |
| COFORGE | 8801.7 | 8900 |
| COLPAL | 2708.6 | 2750 |
| CONCOR | 736.95 | 780 |
| COROMANDEL | 1729.9 | 1860 |
| CROMPTON | 338.15 | 355 |
| CUB | 163.51 | 170 |
| CUMMINSIND | 2775.2 | 3000 |
| CYIENT | 1350.7 | 1440 |
| DABUR | 523.85 | 520 |
| DALBHARAT | 1795.95 | 1780 |
| DEEPAKNTR | 2216.05 | 2400 |
| DELHIVERY | 312.9 | 330 |
| DIVISLAB | 5576.75 | 5800 |
| DIXON | 15432.8 | 16000 |
| DLF | 703.9 | 730 |
| DMART | 3532.95 | 3700 |
| DRREDDY | 1197.65 | 1240 |
| EICHERMOT | 5144.5 | 5050 |
| ESCORTS | 3367.2 | 3400 |
| EXIDEIND | 347.75 | 395 |
| FEDERALBNK | 191.14 | 195 |
| GAIL | 167.65 | 182.5 |
| GLENMARK | 1400.4 | 1500 |
| GMRAIRPORT | 70.51 | 77 |
| GMRINFRA | 0 | 32 |
| GNFC | 535.45 | 560 |
| GODREJCP | 1126.65 | 1120 |
| GODREJPROP | 2095.75 | 2300 |
| GRANULES | 544.6 | 580 |
| GRASIM | 2458.05 | 2480 |
| GUJGASLTD | 483.95 | 495 |
| HAL | 3670.65 | 3950 |
| HAVELLS | 1505.8 | 1560 |
| HCLTECH | 1711.95 | 1800 |
| HDFCAMC | 3714.2 | 3950 |
| HDFCBANK | 1629.8 | 1670 |
| HDFCLIFE | 610.2 | 630 |
| HEROMOTOCO | 4015.95 | 4150 |
| HFCL | 94.25 | 102.5 |
| HINDALCO | 586.9 | 600 |
| HINDCOPPER | 231.21 | 250 |
| HINDPETRO | 345.95 | 365 |
| HINDUNILVR | 2392.85 | 2380 |
| HUDCO | 209.72 | 220 |
| ICICIBANK | 1227.95 | 1240 |
| ICICIGI | 1778.7 | 1880 |
| ICICIPRULI | 589.05 | 600 |
| IDEA | 8.89 | 9 |
| IDFCFIRSTB | 56.73 | 62 |
| IEX | 163.49 | 172.5 |
| IGL | 377.5 | 395 |
| INDHOTEL | 760.2 | 800 |
| INDIAMART | 2084.05 | 2160 |
| INDIANB | 498.55 | 520 |
| INDIGO | 4175.75 | 4200 |
| INDUSINDBK | 926.45 | 970 |
| INDUSTOWER | 348.95 | 350 |
| INFY | 1822 | 1880 |
| IOC | 124.17 | 130 |
| IPCALAB | 1442.55 | 1540 |
| IRB | 49.55 | 54 |
| IRCTC | 747.7 | 780 |
| IRFC | 137.05 | 137.5 |
| ITC | 440.1 | 445 |
| JINDALSTEL | 842.65 | 910 |
| JIOFIN | 233.3 | 255 |
| JKCEMENT | 4786.3 | 4700 |
| JSL | 622.6 | 640 |
| JSWENERGY | 534.35 | 570 |
| JSWSTEEL | 919.35 | 920 |
| JUBLFOOD | 638.65 | 690 |
| KALYANKJIL | 437.2 | 560 |
| KEI | 3998.55 | 4200 |
| KOTAKBANK | 1881.4 | 1860 |
| KPITTECH | 1301.5 | 1360 |
| LALPATHLAB | 2746.7 | 2900 |
| LAURUSLABS | 534.65 | 550 |
| LICHSGFIN | 563.9 | 580 |
| LICI | 809.05 | 860 |
| LODHA | 1103.5 | 1140 |
| LT | 3457.65 | 3600 |
| LTF | 141.55 | 140 |
| LTIM | 5685.7 | 5800 |
| LTTS | 5258.6 | 5200 |
| LUPIN | 2079 | 2160 |
| M&M | 2831.6 | 2900 |
| M&MFIN | 259.75 | 270 |
| MANAPPURAM | 184.46 | 185 |
| MARICO | 656.65 | 650 |
| MARUTI | 11993.85 | 11700 |
| MAXHEALTH | 1029.95 | 1100 |
| MCX | 5584.7 | 5800 |
| METROPOLIS | 1750.95 | 1940 |
| MFSL | 1040.5 | 1060 |
| MGL | 1258.3 | 1280 |
| MOTHERSON | 137.5 | 150 |
| MPHASIS | 2937.1 | 2950 |
| MRF | 111256.45 | 115000 |
| MUTHOOTFIN | 2139 | 2160 |
| NATIONALUM | 197.46 | 205 |
| NAUKRI | 7009.55 | 7500 |
| NAVINFLUOR | 3604.2 | 3650 |
| NCC | 229.65 | 245 |
| NESTLEIND | 2174.75 | 2200 |
| NHPC | 74.77 | 78 |
| NMDC | 64.43 | 67 |
| NTPC | 322.2 | 325 |
| NYKAA | 166.88 | 167.5 |
| OBEROIRLTY | 1685.05 | 1840 |
| OFSS | 9299 | 10000 |
| OIL | 406.65 | 450 |
| ONGC | 250.78 | 255 |
| PAGEIND | 44579.4 | 46000 |
| PAYTM | 779.95 | 860 |
| PEL | 914.5 | 1040 |
| PERSISTENT | 6061.25 | 6100 |
| PETRONET | 310.8 | 330 |
| PFC | 389.7 | 430 |
| PIDILITIND | 2867 | 2880 |
| PIIND | 3373.3 | 3550 |
| PNB | 95.51 | 100 |
| POLICYBZR | 1694.05 | 1750 |
| POLYCAB | 5643.5 | 6100 |
| POONAWALLA | 309.55 | 320 |
| POWERGRID | 287 | 300 |
| PRESTIGE | 1243.85 | 1350 |
| PVRINOX | 1035.75 | 1140 |
| RAMCOCEM | 884.8 | 910 |
| RBLBANK | 149.93 | 157.5 |
| RECLTD | 428.5 | 480 |
| RELIANCE | 1229.35 | 1250 |
| SAIL | 103.43 | 110 |
| SBICARD | 753.7 | 750 |
| SBILIFE | 1424.4 | 1460 |
| SBIN | 749.2 | 770 |
| SHREECEM | 25131.4 | 25500 |
| SHRIRAMFIN | 511.65 | 530 |
| SIEMENS | 5787.35 | 6000 |
| SJVN | 91.13 | 95 |
| SONACOMS | 512.3 | 540 |
| SRF | 2570.4 | 2560 |
| SUNPHARMA | 1786.85 | 1800 |
| SUNTV | 632.2 | 660 |
| SUPREMEIND | 3546.3 | 4000 |
| SYNGENE | 765.45 | 810 |
| TATACHEM | 943.95 | 1000 |
| TATACOMM | 1569.4 | 1680 |
| TATACONSUM | 965.8 | 960 |
| TATAELXSI | 6156.05 | 6300 |
| TATAMOTORS | 713.05 | 760 |
| TATAPOWER | 351.9 | 380 |
| TATASTEEL | 126.37 | 133 |
| TCS | 4065.15 | 4150 |
| TECHM | 1653.9 | 1680 |
| TIINDIA | 3205.05 | 3350 |
| TITAN | 3319.35 | 3400 |
| TORNTPHARM | 3337.75 | 3300 |
| TRENT | 5412.6 | 5900 |
| TVSMOTOR | 2231.4 | 2300 |
| UBL | 2024.4 | 2020 |
| ULTRACEMCO | 11239.5 | 11200 |
| UNIONBANK | 105.59 | 110 |
| UNITDSPR | 1390.85 | 1460 |
| UPL | 542.35 | 540 |
| VBL | 525.2 | 550 |
| VEDL | 423.9 | 460 |
| VOLTAS | 1418.75 | 1540 |
| WIPRO | 307.95 | 307.5 |
| YESBANK | 18.49 | 19 |
| ZOMATO | 206.2 | 230 |
| ZYDUSLIFE | 922.6 | 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.
