TATAPOWER
Tata Power Co Ltd
Max pain for TATAPOWER
04 Oct 2024 04:11 PM IST
Max Pain for TATAPOWER is 470
Strike 350 has a total call value of 0 versus a total put value of 286,537,500,000 Combined total value = 286,537,500,000
Strike 355 has a total call value of 0 versus a total put value of 272,518,425,000 Combined total value = 272,518,425,000
Strike 360 has a total call value of 0 versus a total put value of 258,499,350,000 Combined total value = 258,499,350,000
Strike 365 has a total call value of 0 versus a total put value of 244,480,275,000 Combined total value = 244,480,275,000
Strike 370 has a total call value of 0 versus a total put value of 230,461,200,000 Combined total value = 230,461,200,000
Strike 375 has a total call value of 0 versus a total put value of 216,481,275,000 Combined total value = 216,481,275,000
Strike 380 has a total call value of 0 versus a total put value of 202,501,350,000 Combined total value = 202,501,350,000
Strike 385 has a total call value of 0 versus a total put value of 188,770,500,000 Combined total value = 188,770,500,000
Strike 390 has a total call value of 0 versus a total put value of 175,051,800,000 Combined total value = 175,051,800,000
Strike 395 has a total call value of 0 versus a total put value of 161,593,650,000 Combined total value = 161,593,650,000
Strike 400 has a total call value of 0 versus a total put value of 148,175,325,000 Combined total value = 148,175,325,000
Strike 405 has a total call value of 28,350,000 versus a total put value of 135,466,425,000 Combined total value = 135,494,775,000
Strike 410 has a total call value of 56,700,000 versus a total put value of 122,832,450,000 Combined total value = 122,889,150,000
Strike 415 has a total call value of 85,050,000 versus a total put value of 110,473,200,000 Combined total value = 110,558,250,000
Strike 420 has a total call value of 113,400,000 versus a total put value of 98,213,175,000 Combined total value = 98,326,575,000
Strike 425 has a total call value of 141,750,000 versus a total put value of 86,991,975,000 Combined total value = 87,133,725,000
Strike 430 has a total call value of 227,475,000 versus a total put value of 75,919,950,000 Combined total value = 76,147,425,000
Strike 435 has a total call value of 411,750,000 versus a total put value of 65,836,800,000 Combined total value = 66,248,550,000
Strike 440 has a total call value of 644,625,000 versus a total put value of 56,023,650,000 Combined total value = 56,668,275,000
Strike 445 has a total call value of 1,021,950,000 versus a total put value of 47,166,300,000 Combined total value = 48,188,250,000
Strike 450 has a total call value of 1,487,700,000 versus a total put value of 38,614,050,000 Combined total value = 40,101,750,000
Strike 455 has a total call value of 2,587,275,000 versus a total put value of 31,130,325,000 Combined total value = 33,717,600,000
Strike 460 has a total call value of 3,781,350,000 versus a total put value of 24,046,875,000 Combined total value = 27,828,225,000
Strike 465 has a total call value of 5,705,100,000 versus a total put value of 18,205,425,000 Combined total value = 23,910,525,000
Strike 470 has a total call value of 8,126,325,000 versus a total put value of 13,108,500,000 Combined total value = 21,234,825,000
Strike 475 has a total call value of 12,367,350,000 versus a total put value of 9,348,750,000 Combined total value = 21,716,100,000
Strike 480 has a total call value of 17,402,850,000 versus a total put value of 6,068,925,000 Combined total value = 23,471,775,000
Strike 485 has a total call value of 24,658,425,000 versus a total put value of 4,093,875,000 Combined total value = 28,752,300,000
Strike 490 has a total call value of 32,860,350,000 versus a total put value of 2,440,800,000 Combined total value = 35,301,150,000
Strike 495 has a total call value of 43,512,525,000 versus a total put value of 1,401,300,000 Combined total value = 44,913,825,000
Strike 500 has a total call value of 54,982,125,000 versus a total put value of 637,200,000 Combined total value = 55,619,325,000
Strike 505 has a total call value of 72,375,525,000 versus a total put value of 410,400,000 Combined total value = 72,785,925,000
Strike 510 has a total call value of 90,167,850,000 versus a total put value of 250,425,000 Combined total value = 90,418,275,000
Strike 515 has a total call value of 109,243,350,000 versus a total put value of 140,400,000 Combined total value = 109,383,750,000
Strike 520 has a total call value of 128,602,350,000 versus a total put value of 51,300,000 Combined total value = 128,653,650,000
Strike 525 has a total call value of 149,549,625,000 versus a total put value of 25,650,000 Combined total value = 149,575,275,000
Strike 530 has a total call value of 170,646,075,000 versus a total put value of 0 Combined total value = 170,646,075,000
Strike 535 has a total call value of 192,487,725,000 versus a total put value of 0 Combined total value = 192,487,725,000
Strike 540 has a total call value of 214,329,375,000 versus a total put value of 0 Combined total value = 214,329,375,000
Strike 545 has a total call value of 237,072,150,000 versus a total put value of 0 Combined total value = 237,072,150,000
Strike 550 has a total call value of 259,814,925,000 versus a total put value of 0 Combined total value = 259,814,925,000
Strike 555 has a total call value of 283,498,650,000 versus a total put value of 0 Combined total value = 283,498,650,000
Strike 560 has a total call value of 307,182,375,000 versus a total put value of 0 Combined total value = 307,182,375,000
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.