TATAPOWER
TATA POWER CO LTD
Max pain for TATAPOWER
19 Apr 2024 04:18 PM IST
Max Pain for TATAPOWER is 425
Strike 300 has a total call value of 0 versus a total put value of 345,615,187,500 Combined total value = 345,615,187,500
Strike 305 has a total call value of 0 versus a total put value of 328,924,125,000 Combined total value = 328,924,125,000
Strike 310 has a total call value of 0 versus a total put value of 312,233,062,500 Combined total value = 312,233,062,500
Strike 315 has a total call value of 0 versus a total put value of 295,542,000,000 Combined total value = 295,542,000,000
Strike 320 has a total call value of 0 versus a total put value of 278,850,937,500 Combined total value = 278,850,937,500
Strike 325 has a total call value of 52,312,500 versus a total put value of 262,213,875,000 Combined total value = 262,266,187,500
Strike 330 has a total call value of 104,625,000 versus a total put value of 245,576,812,500 Combined total value = 245,681,437,500
Strike 335 has a total call value of 177,187,500 versus a total put value of 229,319,437,500 Combined total value = 229,496,625,000
Strike 340 has a total call value of 249,750,000 versus a total put value of 213,062,062,500 Combined total value = 213,311,812,500
Strike 345 has a total call value of 332,437,500 versus a total put value of 196,954,875,000 Combined total value = 197,287,312,500
Strike 350 has a total call value of 415,125,000 versus a total put value of 180,873,000,000 Combined total value = 181,288,125,000
Strike 355 has a total call value of 708,750,000 versus a total put value of 165,557,250,000 Combined total value = 166,266,000,000
Strike 360 has a total call value of 1,002,375,000 versus a total put value of 150,290,437,500 Combined total value = 151,292,812,500
Strike 365 has a total call value of 1,333,125,000 versus a total put value of 135,715,500,000 Combined total value = 137,048,625,000
Strike 370 has a total call value of 1,663,875,000 versus a total put value of 121,273,875,000 Combined total value = 122,937,750,000
Strike 375 has a total call value of 2,097,562,500 versus a total put value of 107,500,500,000 Combined total value = 109,598,062,500
Strike 380 has a total call value of 2,531,250,000 versus a total put value of 93,885,750,000 Combined total value = 96,417,000,000
Strike 385 has a total call value of 3,110,062,500 versus a total put value of 81,047,250,000 Combined total value = 84,157,312,500
Strike 390 has a total call value of 3,763,125,000 versus a total put value of 68,620,500,000 Combined total value = 72,383,625,000
Strike 395 has a total call value of 4,692,937,500 versus a total put value of 57,207,937,500 Combined total value = 61,900,875,000
Strike 400 has a total call value of 5,710,500,000 versus a total put value of 46,170,000,000 Combined total value = 51,880,500,000
Strike 405 has a total call value of 7,779,375,000 versus a total put value of 37,057,500,000 Combined total value = 44,836,875,000
Strike 410 has a total call value of 10,006,875,000 versus a total put value of 28,344,937,500 Combined total value = 38,351,812,500
Strike 415 has a total call value of 12,799,687,500 versus a total put value of 21,024,562,500 Combined total value = 33,824,250,000
Strike 420 has a total call value of 15,960,375,000 versus a total put value of 14,331,937,500 Combined total value = 30,292,312,500
Strike 425 has a total call value of 20,081,250,000 versus a total put value of 9,234,000,000 Combined total value = 29,315,250,000
Strike 430 has a total call value of 24,851,812,500 versus a total put value of 5,190,750,000 Combined total value = 30,042,562,500
Strike 435 has a total call value of 32,207,625,000 versus a total put value of 3,108,375,000 Combined total value = 35,316,000,000
Strike 440 has a total call value of 41,072,062,500 versus a total put value of 1,623,375,000 Combined total value = 42,695,437,500
Strike 445 has a total call value of 54,896,062,500 versus a total put value of 912,937,500 Combined total value = 55,809,000,000
Strike 450 has a total call value of 70,650,562,500 versus a total put value of 302,062,500 Combined total value = 70,952,625,000
Strike 455 has a total call value of 90,976,500,000 versus a total put value of 138,375,000 Combined total value = 91,114,875,000
Strike 460 has a total call value of 112,421,250,000 versus a total put value of 1,687,500 Combined total value = 112,422,937,500
Strike 465 has a total call value of 136,029,375,000 versus a total put value of 0 Combined total value = 136,029,375,000
Strike 470 has a total call value of 160,395,187,500 versus a total put value of 0 Combined total value = 160,395,187,500
Strike 475 has a total call value of 186,183,562,500 versus a total put value of 0 Combined total value = 186,183,562,500
Strike 480 has a total call value of 212,164,312,500 versus a total put value of 0 Combined total value = 212,164,312,500
Strike 485 has a total call value of 239,954,062,500 versus a total put value of 0 Combined total value = 239,954,062,500
Strike 490 has a total call value of 267,743,812,500 versus a total put value of 0 Combined total value = 267,743,812,500
Strike 495 has a total call value of 296,876,812,500 versus a total put value of 0 Combined total value = 296,876,812,500
Strike 500 has a total call value of 326,009,812,500 versus a total put value of 0 Combined total value = 326,009,812,500
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.