TATAPOWER
Tata Power Co Ltd
Max pain for TATAPOWER
21 Nov 2024 04:11 PM IST
Max Pain for TATAPOWER is 420
Strike 330 has a total call value of 0 versus a total put value of 188,247,375,000 Combined total value = 188,247,375,000
Strike 335 has a total call value of 0 versus a total put value of 176,742,000,000 Combined total value = 176,742,000,000
Strike 340 has a total call value of 0 versus a total put value of 165,236,625,000 Combined total value = 165,236,625,000
Strike 345 has a total call value of 0 versus a total put value of 153,766,350,000 Combined total value = 153,766,350,000
Strike 350 has a total call value of 0 versus a total put value of 142,296,075,000 Combined total value = 142,296,075,000
Strike 355 has a total call value of 0 versus a total put value of 131,076,900,000 Combined total value = 131,076,900,000
Strike 360 has a total call value of 0 versus a total put value of 119,857,725,000 Combined total value = 119,857,725,000
Strike 365 has a total call value of 0 versus a total put value of 108,891,000,000 Combined total value = 108,891,000,000
Strike 370 has a total call value of 1,350,000 versus a total put value of 98,027,550,000 Combined total value = 98,028,900,000
Strike 375 has a total call value of 17,550,000 versus a total put value of 87,552,900,000 Combined total value = 87,570,450,000
Strike 380 has a total call value of 43,875,000 versus a total put value of 77,478,525,000 Combined total value = 77,522,400,000
Strike 385 has a total call value of 111,375,000 versus a total put value of 68,067,000,000 Combined total value = 68,178,375,000
Strike 390 has a total call value of 208,575,000 versus a total put value of 58,962,600,000 Combined total value = 59,171,175,000
Strike 395 has a total call value of 733,050,000 versus a total put value of 50,723,550,000 Combined total value = 51,456,600,000
Strike 400 has a total call value of 1,375,650,000 versus a total put value of 42,876,675,000 Combined total value = 44,252,325,000
Strike 405 has a total call value of 2,554,200,000 versus a total put value of 36,777,375,000 Combined total value = 39,331,575,000
Strike 410 has a total call value of 4,014,900,000 versus a total put value of 31,097,925,000 Combined total value = 35,112,825,000
Strike 415 has a total call value of 6,558,300,000 versus a total put value of 26,011,125,000 Combined total value = 32,569,425,000
Strike 420 has a total call value of 9,860,400,000 versus a total put value of 21,232,800,000 Combined total value = 31,093,200,000
Strike 425 has a total call value of 14,957,325,000 versus a total put value of 17,354,250,000 Combined total value = 32,311,575,000
Strike 430 has a total call value of 21,155,850,000 versus a total put value of 13,673,475,000 Combined total value = 34,829,325,000
Strike 435 has a total call value of 29,257,200,000 versus a total put value of 10,687,950,000 Combined total value = 39,945,150,000
Strike 440 has a total call value of 38,774,700,000 versus a total put value of 7,917,750,000 Combined total value = 46,692,450,000
Strike 445 has a total call value of 50,267,925,000 versus a total put value of 5,542,425,000 Combined total value = 55,810,350,000
Strike 450 has a total call value of 62,799,300,000 versus a total put value of 3,512,025,000 Combined total value = 66,311,325,000
Strike 455 has a total call value of 78,351,975,000 versus a total put value of 2,608,200,000 Combined total value = 80,960,175,000
Strike 460 has a total call value of 94,665,375,000 versus a total put value of 1,836,000,000 Combined total value = 96,501,375,000
Strike 465 has a total call value of 112,722,300,000 versus a total put value of 1,306,125,000 Combined total value = 114,028,425,000
Strike 470 has a total call value of 131,171,400,000 versus a total put value of 776,250,000 Combined total value = 131,947,650,000
Strike 475 has a total call value of 151,164,225,000 versus a total put value of 388,125,000 Combined total value = 151,552,350,000
Strike 480 has a total call value of 171,454,050,000 versus a total put value of 0 Combined total value = 171,454,050,000
Strike 485 has a total call value of 192,603,150,000 versus a total put value of 0 Combined total value = 192,603,150,000
Strike 490 has a total call value of 213,908,175,000 versus a total put value of 0 Combined total value = 213,908,175,000
Strike 495 has a total call value of 235,572,300,000 versus a total put value of 0 Combined total value = 235,572,300,000
Strike 500 has a total call value of 257,425,425,000 versus a total put value of 0 Combined total value = 257,425,425,000
Strike 505 has a total call value of 280,887,075,000 versus a total put value of 0 Combined total value = 280,887,075,000
Strike 510 has a total call value of 304,410,825,000 versus a total put value of 0 Combined total value = 304,410,825,000
Strike 515 has a total call value of 328,187,025,000 versus a total put value of 0 Combined total value = 328,187,025,000
Strike 520 has a total call value of 351,963,225,000 versus a total put value of 0 Combined total value = 351,963,225,000
Strike 525 has a total call value of 376,161,300,000 versus a total put value of 0 Combined total value = 376,161,300,000
Strike 530 has a total call value of 400,359,375,000 versus a total put value of 0 Combined total value = 400,359,375,000
Strike 535 has a total call value of 424,838,250,000 versus a total put value of 0 Combined total value = 424,838,250,000
Strike 540 has a total call value of 449,317,125,000 versus a total put value of 0 Combined total value = 449,317,125,000
Strike 545 has a total call value of 473,842,575,000 versus a total put value of 0 Combined total value = 473,842,575,000
Strike 550 has a total call value of 498,368,025,000 versus a total put value of 0 Combined total value = 498,368,025,000
Strike 555 has a total call value of 523,035,900,000 versus a total put value of 0 Combined total value = 523,035,900,000
Strike 560 has a total call value of 547,703,775,000 versus a total put value of 0 Combined total value = 547,703,775,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 980 |
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.
