TATAPOWER
Tata Power Co Ltd
Max pain for TATAPOWER
17 Feb 2025 04:11 PM IST
Max Pain for TATAPOWER is 360
Strike 280 has a total call value of 0 versus a total put value of 211,596,975,000 Combined total value = 211,596,975,000
Strike 285 has a total call value of 0 versus a total put value of 198,407,475,000 Combined total value = 198,407,475,000
Strike 290 has a total call value of 0 versus a total put value of 185,217,975,000 Combined total value = 185,217,975,000
Strike 295 has a total call value of 0 versus a total put value of 172,258,650,000 Combined total value = 172,258,650,000
Strike 300 has a total call value of 0 versus a total put value of 159,404,625,000 Combined total value = 159,404,625,000
Strike 305 has a total call value of 31,050,000 versus a total put value of 147,146,625,000 Combined total value = 147,177,675,000
Strike 310 has a total call value of 76,950,000 versus a total put value of 135,095,175,000 Combined total value = 135,172,125,000
Strike 315 has a total call value of 130,950,000 versus a total put value of 123,614,775,000 Combined total value = 123,745,725,000
Strike 320 has a total call value of 204,525,000 versus a total put value of 112,455,000,000 Combined total value = 112,659,525,000
Strike 325 has a total call value of 352,350,000 versus a total put value of 101,927,700,000 Combined total value = 102,280,050,000
Strike 330 has a total call value of 567,675,000 versus a total put value of 91,746,675,000 Combined total value = 92,314,350,000
Strike 335 has a total call value of 1,053,675,000 versus a total put value of 82,396,575,000 Combined total value = 83,450,250,000
Strike 340 has a total call value of 2,084,400,000 versus a total put value of 73,691,100,000 Combined total value = 75,775,500,000
Strike 345 has a total call value of 4,011,525,000 versus a total put value of 66,276,900,000 Combined total value = 70,288,425,000
Strike 350 has a total call value of 6,813,450,000 versus a total put value of 59,155,650,000 Combined total value = 65,969,100,000
Strike 355 has a total call value of 11,228,625,000 versus a total put value of 52,733,700,000 Combined total value = 63,962,325,000
Strike 360 has a total call value of 16,892,550,000 versus a total put value of 46,955,025,000 Combined total value = 63,847,575,000
Strike 365 has a total call value of 24,838,650,000 versus a total put value of 41,909,400,000 Combined total value = 66,748,050,000
Strike 370 has a total call value of 34,174,575,000 versus a total put value of 37,223,550,000 Combined total value = 71,398,125,000
Strike 375 has a total call value of 46,292,850,000 versus a total put value of 33,103,350,000 Combined total value = 79,396,200,000
Strike 380 has a total call value of 59,503,950,000 versus a total put value of 29,207,250,000 Combined total value = 88,711,200,000
Strike 385 has a total call value of 75,043,125,000 versus a total put value of 25,720,200,000 Combined total value = 100,763,325,000
Strike 390 has a total call value of 91,392,300,000 versus a total put value of 22,233,150,000 Combined total value = 113,625,450,000
Strike 395 has a total call value of 108,978,750,000 versus a total put value of 19,084,950,000 Combined total value = 128,063,700,000
Strike 400 has a total call value of 127,148,400,000 versus a total put value of 15,936,750,000 Combined total value = 143,085,150,000
Strike 405 has a total call value of 149,220,225,000 versus a total put value of 13,928,625,000 Combined total value = 163,148,850,000
Strike 410 has a total call value of 171,455,400,000 versus a total put value of 11,920,500,000 Combined total value = 183,375,900,000
Strike 415 has a total call value of 194,140,125,000 versus a total put value of 10,176,300,000 Combined total value = 204,316,425,000
Strike 420 has a total call value of 217,040,850,000 versus a total put value of 8,432,100,000 Combined total value = 225,472,950,000
Strike 425 has a total call value of 240,418,800,000 versus a total put value of 7,028,100,000 Combined total value = 247,446,900,000
Strike 430 has a total call value of 263,945,250,000 versus a total put value of 5,624,100,000 Combined total value = 269,569,350,000
Strike 435 has a total call value of 288,172,350,000 versus a total put value of 4,220,100,000 Combined total value = 292,392,450,000
Strike 440 has a total call value of 312,399,450,000 versus a total put value of 2,816,100,000 Combined total value = 315,215,550,000
Strike 445 has a total call value of 336,959,325,000 versus a total put value of 1,557,900,000 Combined total value = 338,517,225,000
Strike 450 has a total call value of 361,567,800,000 versus a total put value of 299,700,000 Combined total value = 361,867,500,000
Strike 455 has a total call value of 387,693,000,000 versus a total put value of 149,850,000 Combined total value = 387,842,850,000
Strike 460 has a total call value of 413,818,200,000 versus a total put value of 0 Combined total value = 413,818,200,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 418.3 | 440 |
| ABB | 5241.9 | 5400 |
| ABBOTINDIA | 28569.5 | 28000 |
| ABCAPITAL | 153.97 | 170 |
| ABFRL | 255.55 | 265 |
| ACC | 1911.5 | 2040 |
| ADANIENSOL | 702 | 740 |
| ADANIENT | 2223.7 | 2340 |
| ADANIGREEN | 890.35 | 900 |
| ADANIPORTS | 1082.9 | 1100 |
| ALKEM | 4794.3 | 4800 |
| AMBUJACEM | 488.3 | 505 |
| ANGELONE | 2211.6 | 2300 |
| APLAPOLLO | 1333.75 | 1440 |
| APOLLOHOSP | 6300.2 | 6400 |
| APOLLOTYRE | 416.3 | 420 |
| ASHOKLEY | 223.61 | 217.5 |
| ASIANPAINT | 2250.85 | 2280 |
| ASTRAL | 1384.5 | 1440 |
| ATGL | 574.45 | 600 |
| ATUL | 5402.85 | 5600 |
| AUBANK | 522.05 | 550 |
| AUROPHARMA | 1169.6 | 1180 |
| AXISBANK | 992.95 | 1000 |
| BAJAJ-AUTO | 8537.15 | 8800 |
| BAJAJFINSV | 1894.85 | 1820 |
| BAJFINANCE | 8426.6 | 8200 |
| BALKRISIND | 2670.55 | 2700 |
| BANDHANBNK | 132.82 | 150 |
| BANKBARODA | 206.96 | 220 |
| BANKINDIA | 99.03 | 100 |
| BATAINDIA | 1296.3 | 1340 |
| BEL | 248.5 | 265 |
| BERGEPAINT | 483.7 | 480 |
| BHARATFORG | 1082.65 | 1100 |
| BHARTIARTL | 1675.55 | 1680 |
| BHEL | 193.47 | 200 |
| BIOCON | 347.55 | 360 |
| BOSCHLTD | 26911.25 | 29000 |
| BPCL | 252.3 | 260 |
| BRITANNIA | 4963.7 | 4950 |
| BSE | 5208.7 | 5300 |
| BSOFT | 477.5 | 500 |
| CAMS | 3381.8 | 3500 |
| CANBK | 85.09 | 91 |
| CANFINHOME | 608.85 | 640 |
| CDSL | 1206.95 | 1240 |
| CESC | 125.92 | 130 |
| CGPOWER | 583 | 590 |
| CHAMBLFERT | 542.8 | 530 |
| CHOLAFIN | 1356.95 | 1340 |
| CIPLA | 1474.65 | 1460 |
| COALINDIA | 360.1 | 375 |
| COFORGE | 7683.95 | 8100 |
| COLPAL | 2462.4 | 2560 |
| CONCOR | 703.35 | 740 |
| COROMANDEL | 1707.55 | 1800 |
| CROMPTON | 332.6 | 345 |
| CUB | 160.85 | 165 |
| CUMMINSIND | 2721.45 | 2800 |
| CYIENT | 1439.3 | 1420 |
| DABUR | 520.55 | 530 |
| DALBHARAT | 1808.15 | 1820 |
| DEEPAKNTR | 1898.5 | 2000 |
| DELHIVERY | 267.35 | 280 |
| DIVISLAB | 5923.75 | 5950 |
| DIXON | 14199.5 | 14500 |
| DLF | 674.75 | 700 |
| DMART | 3621.5 | 3750 |
| DRREDDY | 1198.95 | 1200 |
| EICHERMOT | 4745.2 | 4950 |
| ESCORTS | 2972.15 | 3150 |
| EXIDEIND | 361.8 | 375 |
| FEDERALBNK | 181.54 | 185 |
| GAIL | 160.17 | 166 |
| GLENMARK | 1373.8 | 1380 |
| GMRAIRPORT | 70.26 | 73 |
| GMRINFRA | 0 | 76 |
| GNFC | 557.1 | 560 |
| GODREJCP | 1039.25 | 1070 |
| GODREJPROP | 1974.05 | 2100 |
| GRANULES | 522.25 | 540 |
| GRASIM | 2463.85 | 2500 |
| GUJGASLTD | 391.45 | 415 |
| HAL | 3475.7 | 3650 |
| HAVELLS | 1532.55 | 1560 |
| HCLTECH | 1709.9 | 1720 |
| HDFCAMC | 3730.55 | 3800 |
| HDFCBANK | 1717.35 | 1700 |
| HDFCLIFE | 623.25 | 630 |
| HEROMOTOCO | 3876.45 | 4050 |
| HFCL | 87.03 | 95 |
| HINDALCO | 610.85 | 600 |
| HINDCOPPER | 215.33 | 235 |
| HINDPETRO | 318.1 | 330 |
| HINDUNILVR | 2329.4 | 2380 |
| HUDCO | 183.21 | 195 |
| ICICIBANK | 1251.15 | 1250 |
| ICICIGI | 1725.05 | 1800 |
| ICICIPRULI | 575.2 | 600 |
| IDEA | 8.27 | 9 |
| IDFCFIRSTB | 61.5 | 62 |
| IEX | 167.21 | 172.5 |
| IGL | 190.25 | 195 |
| INDHOTEL | 721.65 | 750 |
| INDIAMART | 2102.4 | 2120 |
| INDIANB | 517.55 | 530 |
| INDIGO | 4303 | 4300 |
| INDUSINDBK | 1048.25 | 1040 |
| INDUSTOWER | 339.3 | 355 |
| INFY | 1842.3 | 1880 |
| IOC | 118.45 | 125 |
| IPCALAB | 1476.75 | 1480 |
| IRB | 47.7 | 49 |
| IRCTC | 725.45 | 760 |
| IRFC | 121.78 | 130 |
| ITC | 408.6 | 420 |
| JINDALSTEL | 837.65 | 840 |
| JIOFIN | 222.45 | 235 |
| JKCEMENT | 4637.9 | 4800 |
| JSL | 590.3 | 610 |
| JSWENERGY | 431.5 | 460 |
| JSWSTEEL | 973.55 | 960 |
| JUBLFOOD | 681.65 | 680 |
| KALYANKJIL | 507.05 | 500 |
| KEI | 3447.25 | 3500 |
| KOTAKBANK | 1945.3 | 1920 |
| KPITTECH | 1310.4 | 1400 |
| LALPATHLAB | 2629.5 | 2800 |
| LAURUSLABS | 555.5 | 580 |
| LICHSGFIN | 538.5 | 570 |
| LICI | 765.15 | 800 |
| LODHA | 1167.8 | 1200 |
| LT | 3221.85 | 3350 |
| LTF | 136.04 | 145 |
| LTIM | 5472.6 | 5700 |
| LTTS | 4816.9 | 5100 |
| LUPIN | 2026.95 | 2040 |
| M&M | 2831.95 | 2950 |
| M&MFIN | 276.85 | 280 |
| MANAPPURAM | 193.29 | 195 |
| MARICO | 624.75 | 640 |
| MARUTI | 12762.9 | 12700 |
| MAXHEALTH | 1014.65 | 1020 |
| MCX | 5550.5 | 5700 |
| METROPOLIS | 1680.35 | 1740 |
| MFSL | 1065.65 | 1100 |
| MGL | 1277.4 | 1320 |
| MOTHERSON | 124.79 | 130 |
| MPHASIS | 2591.35 | 2700 |
| MRF | 109984 | 110000 |
| MUTHOOTFIN | 2243.9 | 2260 |
| NATIONALUM | 180.74 | 186 |
| NAUKRI | 7338.9 | 7700 |
| NAVINFLUOR | 4108.1 | 4100 |
| NBCC | 82.02 | 85 |
| NCC | 190.8 | 200 |
| NESTLEIND | 2216.5 | 2220 |
| NHPC | 73.21 | 74 |
| NMDC | 62.56 | 65 |
| NTPC | 302.35 | 310 |
| NYKAA | 173.49 | 170 |
| OBEROIRLTY | 1590.25 | 1620 |
| OFSS | 8797.15 | 9000 |
| OIL | 400.55 | 410 |
| ONGC | 233.65 | 240 |
| PAGEIND | 40921.4 | 43000 |
| PAYTM | 733 | 740 |
| PEL | 926.05 | 1000 |
| PERSISTENT | 5531.3 | 5800 |
| PETRONET | 284.9 | 295 |
| PFC | 372.35 | 400 |
| PHOENIXLTD | 1545.05 | 1600 |
| PIDILITIND | 2781.7 | 2860 |
| PIIND | 3118.6 | 3300 |
| PNB | 93.18 | 97 |
| POLICYBZR | 1494.35 | 1600 |
| POLYCAB | 5414.2 | 5600 |
| POONAWALLA | 285.3 | 300 |
| POWERGRID | 263.2 | 265 |
| PRESTIGE | 1240.4 | 1300 |
| PVRINOX | 1006.55 | 1060 |
| RAMCOCEM | 860.75 | 880 |
| RBLBANK | 155.8 | 162.5 |
| RECLTD | 389.1 | 420 |
| RELIANCE | 1224.9 | 1250 |
| SAIL | 105.33 | 107.5 |
| SBICARD | 853.1 | 840 |
| SBILIFE | 1476.2 | 1460 |
| SBIN | 727.7 | 750 |
| SHREECEM | 28309.15 | 28000 |
| SHRIRAMFIN | 550.35 | 550 |
| SIEMENS | 4859.3 | 5100 |
| SJVN | 88.62 | 90 |
| SOLARINDS | 8619.35 | 9000 |
| SONACOMS | 487.3 | 510 |
| SRF | 2747.8 | 2800 |
| SUNPHARMA | 1714.2 | 1720 |
| SUNTV | 585.3 | 600 |
| SUPREMEIND | 3627.8 | 3800 |
| SYNGENE | 700.9 | 730 |
| TATACHEM | 854.5 | 920 |
| TATACOMM | 1507.45 | 1600 |
| TATACONSUM | 1023.25 | 1020 |
| TATAELXSI | 6146.85 | 6200 |
| TATAMOTORS | 686.6 | 700 |
| TATAPOWER | 337.2 | 360 |
| TATASTEEL | 134.29 | 135 |
| TCS | 3904.5 | 4000 |
| TECHM | 1664.95 | 1680 |
| TIINDIA | 2603.6 | 2750 |
| TITAN | 3233.2 | 3300 |
| TORNTPHARM | 3078 | 3100 |
| TORNTPOWER | 1239.35 | 1300 |
| TRENT | 5096.45 | 5300 |
| TVSMOTOR | 2365.7 | 2500 |
| UBL | 2028.15 | 2040 |
| ULTRACEMCO | 11490.1 | 11400 |
| UNIONBANK | 109.01 | 110 |
| UNITDSPR | 1349.7 | 1400 |
| UPL | 632.2 | 610 |
| VBL | 474.55 | 510 |
| VEDL | 415.15 | 430 |
| VOLTAS | 1241.6 | 1300 |
| WIPRO | 305.35 | 307.5 |
| YESBANK | 17.66 | 19 |
| ZOMATO | 218.53 | 220 |
| ZYDUSLIFE | 923.9 | 950 |
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.
