TATAPOWER
Tata Power Co Ltd
Max pain for TATAPOWER
16 Sep 2024 04:11 PM IST
Max Pain for TATAPOWER is 440
Strike 350 has a total call value of 0 versus a total put value of 206,249,625,000 Combined total value = 206,249,625,000
Strike 355 has a total call value of 17,550,000 versus a total put value of 191,475,900,000 Combined total value = 191,493,450,000
Strike 360 has a total call value of 35,100,000 versus a total put value of 176,702,175,000 Combined total value = 176,737,275,000
Strike 365 has a total call value of 52,650,000 versus a total put value of 162,948,375,000 Combined total value = 163,001,025,000
Strike 370 has a total call value of 70,200,000 versus a total put value of 149,194,575,000 Combined total value = 149,264,775,000
Strike 375 has a total call value of 87,750,000 versus a total put value of 135,602,100,000 Combined total value = 135,689,850,000
Strike 380 has a total call value of 105,300,000 versus a total put value of 122,046,750,000 Combined total value = 122,152,050,000
Strike 385 has a total call value of 122,850,000 versus a total put value of 108,843,750,000 Combined total value = 108,966,600,000
Strike 390 has a total call value of 140,400,000 versus a total put value of 95,679,225,000 Combined total value = 95,819,625,000
Strike 395 has a total call value of 157,950,000 versus a total put value of 82,823,850,000 Combined total value = 82,981,800,000
Strike 400 has a total call value of 175,500,000 versus a total put value of 70,117,650,000 Combined total value = 70,293,150,000
Strike 405 has a total call value of 347,625,000 versus a total put value of 59,040,225,000 Combined total value = 59,387,850,000
Strike 410 has a total call value of 519,750,000 versus a total put value of 48,164,625,000 Combined total value = 48,684,375,000
Strike 415 has a total call value of 869,400,000 versus a total put value of 38,599,200,000 Combined total value = 39,468,600,000
Strike 420 has a total call value of 1,416,825,000 versus a total put value of 30,080,700,000 Combined total value = 31,497,525,000
Strike 425 has a total call value of 2,841,075,000 versus a total put value of 23,085,000,000 Combined total value = 25,926,075,000
Strike 430 has a total call value of 4,764,150,000 versus a total put value of 16,843,275,000 Combined total value = 21,607,425,000
Strike 435 has a total call value of 7,381,125,000 versus a total put value of 12,096,675,000 Combined total value = 19,477,800,000
Strike 440 has a total call value of 10,381,500,000 versus a total put value of 8,187,750,000 Combined total value = 18,569,250,000
Strike 445 has a total call value of 15,122,025,000 versus a total put value of 5,557,275,000 Combined total value = 20,679,300,000
Strike 450 has a total call value of 21,067,425,000 versus a total put value of 3,419,550,000 Combined total value = 24,486,975,000
Strike 455 has a total call value of 31,539,375,000 versus a total put value of 2,616,975,000 Combined total value = 34,156,350,000
Strike 460 has a total call value of 43,309,350,000 versus a total put value of 1,897,425,000 Combined total value = 45,206,775,000
Strike 465 has a total call value of 57,998,025,000 versus a total put value of 1,508,625,000 Combined total value = 59,506,650,000
Strike 470 has a total call value of 73,458,900,000 versus a total put value of 1,156,275,000 Combined total value = 74,615,175,000
Strike 475 has a total call value of 90,434,475,000 versus a total put value of 892,350,000 Combined total value = 91,326,825,000
Strike 480 has a total call value of 107,671,950,000 versus a total put value of 658,800,000 Combined total value = 108,330,750,000
Strike 485 has a total call value of 126,105,525,000 versus a total put value of 490,725,000 Combined total value = 126,596,250,000
Strike 490 has a total call value of 144,726,750,000 versus a total put value of 336,825,000 Combined total value = 145,063,575,000
Strike 495 has a total call value of 163,917,675,000 versus a total put value of 197,775,000 Combined total value = 164,115,450,000
Strike 500 has a total call value of 183,185,550,000 versus a total put value of 58,725,000 Combined total value = 183,244,275,000
Strike 505 has a total call value of 204,542,550,000 versus a total put value of 43,875,000 Combined total value = 204,586,425,000
Strike 510 has a total call value of 225,977,850,000 versus a total put value of 35,100,000 Combined total value = 226,012,950,000
Strike 515 has a total call value of 247,972,725,000 versus a total put value of 26,325,000 Combined total value = 247,999,050,000
Strike 520 has a total call value of 269,967,600,000 versus a total put value of 17,550,000 Combined total value = 269,985,150,000
Strike 525 has a total call value of 292,108,275,000 versus a total put value of 8,775,000 Combined total value = 292,117,050,000
Strike 530 has a total call value of 314,248,950,000 versus a total put value of 0 Combined total value = 314,248,950,000
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.