TATAPOWER
TATA POWER CO LTD
Max pain for TATAPOWER
19 Apr 2024 09:49 AM IST
Max Pain for TATAPOWER is 430
Strike 300 has a total call value of 0 versus a total put value of 376,894,687,500 Combined total value = 376,894,687,500
Strike 305 has a total call value of 0 versus a total put value of 359,177,625,000 Combined total value = 359,177,625,000
Strike 310 has a total call value of 0 versus a total put value of 341,460,562,500 Combined total value = 341,460,562,500
Strike 315 has a total call value of 0 versus a total put value of 323,743,500,000 Combined total value = 323,743,500,000
Strike 320 has a total call value of 0 versus a total put value of 306,026,437,500 Combined total value = 306,026,437,500
Strike 325 has a total call value of 0 versus a total put value of 288,361,687,500 Combined total value = 288,361,687,500
Strike 330 has a total call value of 0 versus a total put value of 270,696,937,500 Combined total value = 270,696,937,500
Strike 335 has a total call value of 20,250,000 versus a total put value of 253,032,187,500 Combined total value = 253,052,437,500
Strike 340 has a total call value of 40,500,000 versus a total put value of 235,367,437,500 Combined total value = 235,407,937,500
Strike 345 has a total call value of 60,750,000 versus a total put value of 217,861,312,500 Combined total value = 217,922,062,500
Strike 350 has a total call value of 81,000,000 versus a total put value of 200,355,187,500 Combined total value = 200,436,187,500
Strike 355 has a total call value of 101,250,000 versus a total put value of 183,648,937,500 Combined total value = 183,750,187,500
Strike 360 has a total call value of 121,500,000 versus a total put value of 166,942,687,500 Combined total value = 167,064,187,500
Strike 365 has a total call value of 141,750,000 versus a total put value of 150,928,312,500 Combined total value = 151,070,062,500
Strike 370 has a total call value of 162,000,000 versus a total put value of 134,913,937,500 Combined total value = 135,075,937,500
Strike 375 has a total call value of 182,250,000 versus a total put value of 119,601,562,500 Combined total value = 119,783,812,500
Strike 380 has a total call value of 202,500,000 versus a total put value of 104,422,500,000 Combined total value = 104,625,000,000
Strike 385 has a total call value of 369,562,500 versus a total put value of 90,050,062,500 Combined total value = 90,419,625,000
Strike 390 has a total call value of 536,625,000 versus a total put value of 76,119,750,000 Combined total value = 76,656,375,000
Strike 395 has a total call value of 995,625,000 versus a total put value of 63,250,875,000 Combined total value = 64,246,500,000
Strike 400 has a total call value of 1,544,062,500 versus a total put value of 50,763,375,000 Combined total value = 52,307,437,500
Strike 405 has a total call value of 3,182,625,000 versus a total put value of 40,253,625,000 Combined total value = 43,436,250,000
Strike 410 has a total call value of 5,165,437,500 versus a total put value of 30,299,062,500 Combined total value = 35,464,500,000
Strike 415 has a total call value of 7,784,437,500 versus a total put value of 21,974,625,000 Combined total value = 29,759,062,500
Strike 420 has a total call value of 10,821,937,500 versus a total put value of 14,590,125,000 Combined total value = 25,412,062,500
Strike 425 has a total call value of 14,785,875,000 versus a total put value of 9,072,000,000 Combined total value = 23,857,875,000
Strike 430 has a total call value of 19,267,875,000 versus a total put value of 4,554,562,500 Combined total value = 23,822,437,500
Strike 435 has a total call value of 26,078,625,000 versus a total put value of 2,457,000,000 Combined total value = 28,535,625,000
Strike 440 has a total call value of 34,425,000,000 versus a total put value of 1,029,375,000 Combined total value = 35,454,375,000
Strike 445 has a total call value of 47,865,937,500 versus a total put value of 460,687,500 Combined total value = 48,326,625,000
Strike 450 has a total call value of 63,092,250,000 versus a total put value of 0 Combined total value = 63,092,250,000
Strike 455 has a total call value of 82,957,500,000 versus a total put value of 0 Combined total value = 82,957,500,000
Strike 460 has a total call value of 103,761,000,000 versus a total put value of 0 Combined total value = 103,761,000,000
Strike 465 has a total call value of 126,881,437,500 versus a total put value of 0 Combined total value = 126,881,437,500
Strike 470 has a total call value of 150,568,875,000 versus a total put value of 0 Combined total value = 150,568,875,000
Strike 475 has a total call value of 175,920,187,500 versus a total put value of 0 Combined total value = 175,920,187,500
Strike 480 has a total call value of 201,492,562,500 versus a total put value of 0 Combined total value = 201,492,562,500
Strike 485 has a total call value of 229,069,687,500 versus a total put value of 0 Combined total value = 229,069,687,500
Strike 490 has a total call value of 256,646,812,500 versus a total put value of 0 Combined total value = 256,646,812,500
Strike 495 has a total call value of 285,622,875,000 versus a total put value of 0 Combined total value = 285,622,875,000
Strike 500 has a total call value of 314,598,937,500 versus a total put value of 0 Combined total value = 314,598,937,500
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.