TATAPOWER
TATA POWER CO LTD
Max pain for TATAPOWER
26 Apr 2024 09:34 AM IST
Max Pain for TATAPOWER is 430
Strike 320 has a total call value of 0 versus a total put value of 152,415,000,000 Combined total value = 152,415,000,000
Strike 325 has a total call value of 0 versus a total put value of 143,680,500,000 Combined total value = 143,680,500,000
Strike 330 has a total call value of 0 versus a total put value of 134,946,000,000 Combined total value = 134,946,000,000
Strike 335 has a total call value of 0 versus a total put value of 126,211,500,000 Combined total value = 126,211,500,000
Strike 340 has a total call value of 0 versus a total put value of 117,477,000,000 Combined total value = 117,477,000,000
Strike 345 has a total call value of 0 versus a total put value of 108,742,500,000 Combined total value = 108,742,500,000
Strike 350 has a total call value of 0 versus a total put value of 100,008,000,000 Combined total value = 100,008,000,000
Strike 355 has a total call value of 0 versus a total put value of 91,484,437,500 Combined total value = 91,484,437,500
Strike 360 has a total call value of 0 versus a total put value of 82,960,875,000 Combined total value = 82,960,875,000
Strike 365 has a total call value of 0 versus a total put value of 74,663,437,500 Combined total value = 74,663,437,500
Strike 370 has a total call value of 0 versus a total put value of 66,366,000,000 Combined total value = 66,366,000,000
Strike 375 has a total call value of 0 versus a total put value of 58,401,000,000 Combined total value = 58,401,000,000
Strike 380 has a total call value of 0 versus a total put value of 50,483,250,000 Combined total value = 50,483,250,000
Strike 385 has a total call value of 0 versus a total put value of 43,200,000,000 Combined total value = 43,200,000,000
Strike 390 has a total call value of 0 versus a total put value of 36,085,500,000 Combined total value = 36,085,500,000
Strike 395 has a total call value of 0 versus a total put value of 29,902,500,000 Combined total value = 29,902,500,000
Strike 400 has a total call value of 0 versus a total put value of 23,817,375,000 Combined total value = 23,817,375,000
Strike 405 has a total call value of 428,625,000 versus a total put value of 19,492,312,500 Combined total value = 19,920,937,500
Strike 410 has a total call value of 857,250,000 versus a total put value of 15,312,375,000 Combined total value = 16,169,625,000
Strike 415 has a total call value of 1,285,875,000 versus a total put value of 11,696,062,500 Combined total value = 12,981,937,500
Strike 420 has a total call value of 1,714,500,000 versus a total put value of 8,214,750,000 Combined total value = 9,929,250,000
Strike 425 has a total call value of 2,403,000,000 versus a total put value of 5,622,750,000 Combined total value = 8,025,750,000
Strike 430 has a total call value of 3,459,375,000 versus a total put value of 3,410,437,500 Combined total value = 6,869,812,500
Strike 435 has a total call value of 6,186,375,000 versus a total put value of 2,183,625,000 Combined total value = 8,370,000,000
Strike 440 has a total call value of 9,515,812,500 versus a total put value of 1,157,625,000 Combined total value = 10,673,437,500
Strike 445 has a total call value of 14,618,812,500 versus a total put value of 582,187,500 Combined total value = 15,201,000,000
Strike 450 has a total call value of 19,907,437,500 versus a total put value of 116,437,500 Combined total value = 20,023,875,000
Strike 455 has a total call value of 27,015,187,500 versus a total put value of 77,625,000 Combined total value = 27,092,812,500
Strike 460 has a total call value of 34,281,562,500 versus a total put value of 38,812,500 Combined total value = 34,320,375,000
Strike 465 has a total call value of 42,506,437,500 versus a total put value of 0 Combined total value = 42,506,437,500
Strike 470 has a total call value of 50,844,375,000 versus a total put value of 0 Combined total value = 50,844,375,000
Strike 475 has a total call value of 60,228,562,500 versus a total put value of 0 Combined total value = 60,228,562,500
Strike 480 has a total call value of 69,697,125,000 versus a total put value of 0 Combined total value = 69,697,125,000
Strike 485 has a total call value of 79,737,750,000 versus a total put value of 0 Combined total value = 79,737,750,000
Strike 490 has a total call value of 89,778,375,000 versus a total put value of 0 Combined total value = 89,778,375,000
Strike 495 has a total call value of 100,153,125,000 versus a total put value of 0 Combined total value = 100,153,125,000
Strike 500 has a total call value of 110,527,875,000 versus a total put value of 0 Combined total value = 110,527,875,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.