TATAPOWER
Tata Power Co Ltd
Max pain for TATAPOWER
14 Jan 2025 02:51 PM IST
Max Pain for TATAPOWER is 380
Strike 300 has a total call value of 0 versus a total put value of 240,617,925,000 Combined total value = 240,617,925,000
Strike 305 has a total call value of 675,000 versus a total put value of 225,819,225,000 Combined total value = 225,819,900,000
Strike 310 has a total call value of 1,350,000 versus a total put value of 211,074,525,000 Combined total value = 211,075,875,000
Strike 315 has a total call value of 8,775,000 versus a total put value of 196,572,150,000 Combined total value = 196,580,925,000
Strike 320 has a total call value of 20,250,000 versus a total put value of 182,197,350,000 Combined total value = 182,217,600,000
Strike 325 has a total call value of 54,675,000 versus a total put value of 168,542,775,000 Combined total value = 168,597,450,000
Strike 330 has a total call value of 101,925,000 versus a total put value of 155,120,400,000 Combined total value = 155,222,325,000
Strike 335 has a total call value of 224,100,000 versus a total put value of 142,260,975,000 Combined total value = 142,485,075,000
Strike 340 has a total call value of 390,150,000 versus a total put value of 129,678,300,000 Combined total value = 130,068,450,000
Strike 345 has a total call value of 708,075,000 versus a total put value of 118,064,925,000 Combined total value = 118,773,000,000
Strike 350 has a total call value of 1,158,975,000 versus a total put value of 106,874,775,000 Combined total value = 108,033,750,000
Strike 355 has a total call value of 2,178,225,000 versus a total put value of 96,531,075,000 Combined total value = 98,709,300,000
Strike 360 has a total call value of 3,659,850,000 versus a total put value of 86,667,300,000 Combined total value = 90,327,150,000
Strike 365 has a total call value of 6,017,625,000 versus a total put value of 77,423,175,000 Combined total value = 83,440,800,000
Strike 370 has a total call value of 9,408,825,000 versus a total put value of 68,546,925,000 Combined total value = 77,955,750,000
Strike 375 has a total call value of 14,390,325,000 versus a total put value of 60,160,725,000 Combined total value = 74,551,050,000
Strike 380 has a total call value of 20,294,550,000 versus a total put value of 51,999,300,000 Combined total value = 72,293,850,000
Strike 385 has a total call value of 28,005,075,000 versus a total put value of 44,510,175,000 Combined total value = 72,515,250,000
Strike 390 has a total call value of 36,428,400,000 versus a total put value of 37,317,375,000 Combined total value = 73,745,775,000
Strike 395 has a total call value of 46,574,325,000 versus a total put value of 31,077,000,000 Combined total value = 77,651,325,000
Strike 400 has a total call value of 57,526,875,000 versus a total put value of 25,164,675,000 Combined total value = 82,691,550,000
Strike 405 has a total call value of 73,379,250,000 versus a total put value of 20,667,150,000 Combined total value = 94,046,400,000
Strike 410 has a total call value of 90,503,325,000 versus a total put value of 16,718,400,000 Combined total value = 107,221,725,000
Strike 415 has a total call value of 109,535,625,000 versus a total put value of 13,510,800,000 Combined total value = 123,046,425,000
Strike 420 has a total call value of 129,217,275,000 versus a total put value of 10,516,500,000 Combined total value = 139,733,775,000
Strike 425 has a total call value of 150,862,500,000 versus a total put value of 8,297,100,000 Combined total value = 159,159,600,000
Strike 430 has a total call value of 173,008,575,000 versus a total put value of 6,162,750,000 Combined total value = 179,171,325,000
Strike 435 has a total call value of 196,688,250,000 versus a total put value of 4,837,050,000 Combined total value = 201,525,300,000
Strike 440 has a total call value of 220,756,725,000 versus a total put value of 3,511,350,000 Combined total value = 224,268,075,000
Strike 445 has a total call value of 245,687,175,000 versus a total put value of 2,377,350,000 Combined total value = 248,064,525,000
Strike 450 has a total call value of 270,750,600,000 versus a total put value of 1,243,350,000 Combined total value = 271,993,950,000
Strike 455 has a total call value of 299,184,300,000 versus a total put value of 1,024,650,000 Combined total value = 300,208,950,000
Strike 460 has a total call value of 327,688,875,000 versus a total put value of 805,950,000 Combined total value = 328,494,825,000
Strike 465 has a total call value of 356,449,275,000 versus a total put value of 587,250,000 Combined total value = 357,036,525,000
Strike 470 has a total call value of 385,250,175,000 versus a total put value of 368,550,000 Combined total value = 385,618,725,000
Strike 475 has a total call value of 414,409,500,000 versus a total put value of 184,275,000 Combined total value = 414,593,775,000
Strike 480 has a total call value of 443,568,825,000 versus a total put value of 0 Combined total value = 443,568,825,000
Strike 485 has a total call value of 473,122,350,000 versus a total put value of 0 Combined total value = 473,122,350,000
Strike 490 has a total call value of 502,675,875,000 versus a total put value of 0 Combined total value = 502,675,875,000
Strike 495 has a total call value of 532,410,300,000 versus a total put value of 0 Combined total value = 532,410,300,000
Strike 500 has a total call value of 562,144,725,000 versus a total put value of 0 Combined total value = 562,144,725,000
Strike 505 has a total call value of 592,375,275,000 versus a total put value of 0 Combined total value = 592,375,275,000
Strike 510 has a total call value of 622,605,825,000 versus a total put value of 0 Combined total value = 622,605,825,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 408.95 | 420 |
| ABB | 6130.4 | 6600 |
| ABBOTINDIA | 28238.55 | 29000 |
| ABCAPITAL | 173.88 | 182.5 |
| ABFRL | 268.85 | 280 |
| ACC | 1945 | 2060 |
| ADANIENSOL | 771.95 | 780 |
| ADANIENT | 2380.05 | 2500 |
| ADANIGREEN | 1002 | 1000 |
| ADANIPORTS | 1117.5 | 1180 |
| ALKEM | 5261.95 | 5450 |
| AMBUJACEM | 515.5 | 550 |
| ANGELONE | 2365.1 | 2500 |
| APLAPOLLO | 1469.05 | 1520 |
| APOLLOHOSP | 6687.7 | 7050 |
| APOLLOTYRE | 452 | 470 |
| ASHOKLEY | 209.86 | 220 |
| ASIANPAINT | 2242.15 | 2300 |
| ASTRAL | 1491.9 | 1600 |
| ATGL | 673.5 | 680 |
| ATUL | 6722.1 | 6900 |
| AUBANK | 573.5 | 565 |
| AUROPHARMA | 1174.55 | 1220 |
| AXISBANK | 1051.05 | 1080 |
| BAJAJ-AUTO | 8610.3 | 8900 |
| BAJAJFINSV | 1707.05 | 1640 |
| BAJFINANCE | 7349.95 | 7200 |
| BALKRISIND | 2698.35 | 2800 |
| BANDHANBNK | 145.78 | 160 |
| BANKBARODA | 222.94 | 240 |
| BANKINDIA | 94.05 | 98 |
| BATAINDIA | 1342 | 1380 |
| BEL | 268.8 | 280 |
| BERGEPAINT | 462.5 | 460 |
| BHARATFORG | 1189.5 | 1260 |
| BHARTIARTL | 1599.55 | 1600 |
| BHEL | 196.14 | 220 |
| BIOCON | 386.3 | 375 |
| BOSCHLTD | 31596.4 | 33000 |
| BPCL | 269.1 | 280 |
| BRITANNIA | 4863.65 | 4850 |
| BSE | 5450.75 | 5300 |
| BSOFT | 533.1 | 560 |
| CAMS | 4240.75 | 4700 |
| CANBK | 92.94 | 98 |
| CANFINHOME | 664 | 700 |
| CDSL | 1569.2 | 1700 |
| CESC | 153.22 | 160 |
| CGPOWER | 633.15 | 670 |
| CHAMBLFERT | 472.75 | 490 |
| CHOLAFIN | 1269.55 | 1260 |
| CIPLA | 1444.7 | 1500 |
| COALINDIA | 368.55 | 385 |
| COFORGE | 8550 | 9000 |
| COLPAL | 2708.05 | 2780 |
| CONCOR | 758.8 | 780 |
| COROMANDEL | 1826.95 | 1880 |
| CROMPTON | 358 | 370 |
| CUB | 167.03 | 170 |
| CUMMINSIND | 2934.5 | 3150 |
| CYIENT | 1702.45 | 1720 |
| DABUR | 511.8 | 515 |
| DALBHARAT | 1723.65 | 1740 |
| DEEPAKNTR | 2335 | 2450 |
| DELHIVERY | 323.8 | 335 |
| DIVISLAB | 5970 | 5900 |
| DIXON | 16100 | 17000 |
| DLF | 720.8 | 770 |
| DMART | 3470.9 | 3700 |
| DRREDDY | 1336.05 | 1350 |
| EICHERMOT | 5013 | 5000 |
| ESCORTS | 3444.85 | 3300 |
| EXIDEIND | 381.1 | 410 |
| FEDERALBNK | 191.92 | 197.5 |
| GAIL | 175.44 | 190 |
| GLENMARK | 1512.6 | 1560 |
| GMRAIRPORT | 71.3 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 536 | 550 |
| GODREJCP | 1138 | 1140 |
| GODREJPROP | 2296 | 2500 |
| GRANULES | 583.65 | 590 |
| GRASIM | 2305.8 | 2480 |
| GUJGASLTD | 487.2 | 495 |
| HAL | 3818.45 | 4150 |
| HAVELLS | 1520.85 | 1600 |
| HCLTECH | 1820.8 | 1840 |
| HDFCAMC | 3875.5 | 3950 |
| HDFCBANK | 1644.05 | 1700 |
| HDFCLIFE | 601.15 | 620 |
| HEROMOTOCO | 4097.6 | 4200 |
| HFCL | 97.6 | 105 |
| HINDALCO | 590.85 | 600 |
| HINDCOPPER | 225.78 | 250 |
| HINDPETRO | 372.9 | 395 |
| HINDUNILVR | 2371.6 | 2400 |
| HUDCO | 213.87 | 220 |
| ICICIBANK | 1237.3 | 1270 |
| ICICIGI | 1827.55 | 1860 |
| ICICIPRULI | 641.75 | 660 |
| IDEA | 8.14 | 8 |
| IDFCFIRSTB | 61.87 | 63 |
| IEX | 166.4 | 177.5 |
| IGL | 410.9 | 410 |
| INDHOTEL | 775.1 | 800 |
| INDIAMART | 2240 | 2300 |
| INDIANB | 502.85 | 520 |
| INDIGO | 3986.45 | 4250 |
| INDUSINDBK | 961.75 | 980 |
| INDUSTOWER | 340.15 | 340 |
| INFY | 1941.65 | 1940 |
| IOC | 126.63 | 135 |
| IPCALAB | 1584.85 | 1640 |
| IRB | 51.1 | 55 |
| IRCTC | 757.5 | 790 |
| IRFC | 134.58 | 135 |
| ITC | 436.9 | 445 |
| JINDALSTEL | 909.2 | 940 |
| JIOFIN | 272.25 | 285 |
| JKCEMENT | 4375.1 | 4500 |
| JSL | 625 | 630 |
| JSWENERGY | 547.4 | 570 |
| JSWSTEEL | 905.1 | 920 |
| JUBLFOOD | 707.9 | 730 |
| KALYANKJIL | 595.85 | 640 |
| KEI | 4015.25 | 4200 |
| KOTAKBANK | 1749.15 | 1800 |
| KPITTECH | 1323.95 | 1400 |
| LALPATHLAB | 2801.3 | 2950 |
| LAURUSLABS | 567.3 | 590 |
| LICHSGFIN | 550.3 | 580 |
| LICI | 822.4 | 860 |
| LODHA | 1141.25 | 1240 |
| LT | 3463.6 | 3600 |
| LTF | 132.95 | 140 |
| LTIM | 5759.05 | 5800 |
| LTTS | 4705.3 | 4800 |
| LUPIN | 2151.5 | 2240 |
| M&M | 3052.55 | 3100 |
| M&MFIN | 266 | 270 |
| MANAPPURAM | 176.91 | 190 |
| MARICO | 660.2 | 660 |
| MARUTI | 11755.55 | 11600 |
| MAXHEALTH | 1081.55 | 1140 |
| MCX | 5676.9 | 6000 |
| METROPOLIS | 1871.5 | 2000 |
| MFSL | 1052.5 | 1100 |
| MGL | 1266.9 | 1280 |
| MOTHERSON | 145.39 | 155 |
| MPHASIS | 2777.3 | 2900 |
| MRF | 114388.65 | 118000 |
| MUTHOOTFIN | 2122.25 | 2140 |
| NATIONALUM | 198.07 | 210 |
| NAUKRI | 7438 | 8000 |
| NAVINFLUOR | 3616.75 | 3650 |
| NCC | 245.55 | 260 |
| NESTLEIND | 2220.65 | 2200 |
| NHPC | 76.45 | 78 |
| NMDC | 63.08 | 67 |
| NTPC | 309.55 | 320 |
| NYKAA | 165.23 | 167.5 |
| OBEROIRLTY | 1972.85 | 2140 |
| OFSS | 10723.2 | 11500 |
| OIL | 467.75 | 460 |
| ONGC | 259.96 | 257.5 |
| PAGEIND | 46373.65 | 47000 |
| PAYTM | 819.15 | 880 |
| PEL | 1023.1 | 1080 |
| PERSISTENT | 5867.5 | 6200 |
| PETRONET | 325.65 | 335 |
| PFC | 417.45 | 440 |
| PIDILITIND | 2806.3 | 2900 |
| PIIND | 3467.05 | 3600 |
| PNB | 98.04 | 102 |
| POLICYBZR | 1733.95 | 1900 |
| POLYCAB | 6451.7 | 6800 |
| POONAWALLA | 308.55 | 315 |
| POWERGRID | 289.3 | 305 |
| PRESTIGE | 1422.8 | 1550 |
| PVRINOX | 1084.75 | 1180 |
| RAMCOCEM | 882 | 930 |
| RBLBANK | 152.27 | 160 |
| RECLTD | 476.4 | 500 |
| RELIANCE | 1238.7 | 1250 |
| SAIL | 105.77 | 110 |
| SBICARD | 733.15 | 730 |
| SBILIFE | 1501.45 | 1440 |
| SBIN | 747.6 | 780 |
| SHREECEM | 25088.05 | 25750 |
| SHRIRAMFIN | 542.75 | 570 |
| SIEMENS | 5845.05 | 6200 |
| SJVN | 93.86 | 100 |
| SONACOMS | 568.05 | 580 |
| SRF | 2499.2 | 2560 |
| SUNPHARMA | 1771.05 | 1820 |
| SUNTV | 656.7 | 680 |
| SUPREMEIND | 4352 | 4500 |
| SYNGENE | 827.65 | 850 |
| TATACHEM | 966.55 | 1020 |
| TATACOMM | 1679.25 | 1740 |
| TATACONSUM | 960.3 | 950 |
| TATAELXSI | 6066.5 | 6200 |
| TATAMOTORS | 771.5 | 780 |
| TATAPOWER | 355.5 | 380 |
| TATASTEEL | 126.9 | 135 |
| TCS | 4239.7 | 4200 |
| TECHM | 1651.25 | 1680 |
| TIINDIA | 3302.15 | 3550 |
| TITAN | 3325.7 | 3400 |
| TORNTPHARM | 3242.1 | 3350 |
| TRENT | 6152.65 | 6600 |
| TVSMOTOR | 2233.7 | 2320 |
| UBL | 1963.45 | 2000 |
| ULTRACEMCO | 10497.6 | 11100 |
| UNIONBANK | 103.56 | 110 |
| UNITDSPR | 1406 | 1500 |
| UPL | 540.5 | 530 |
| VBL | 565.45 | 600 |
| VEDL | 430.4 | 450 |
| VOLTAS | 1635 | 1720 |
| WIPRO | 292.8 | 295 |
| YESBANK | 17.93 | 19 |
| ZOMATO | 234 | 250 |
| ZYDUSLIFE | 996.5 | 1000 |
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.
