TCS
TATA CONSULTANCY SERV LT
Max pain for TCS
11 Dec 2023 04:18 PM IST
Max Pain for TCS is 3600
Strike 3000 has a total call value of 0 versus a total put value of 160,550,250,000 Combined total value = 160,550,250,000
Strike 3020 has a total call value of 0 versus a total put value of 153,965,350,000 Combined total value = 153,965,350,000
Strike 3040 has a total call value of 0 versus a total put value of 147,380,450,000 Combined total value = 147,380,450,000
Strike 3060 has a total call value of 0 versus a total put value of 140,795,550,000 Combined total value = 140,795,550,000
Strike 3080 has a total call value of 0 versus a total put value of 134,210,650,000 Combined total value = 134,210,650,000
Strike 3100 has a total call value of 0 versus a total put value of 127,625,750,000 Combined total value = 127,625,750,000
Strike 3120 has a total call value of 0 versus a total put value of 121,040,850,000 Combined total value = 121,040,850,000
Strike 3140 has a total call value of 0 versus a total put value of 114,455,950,000 Combined total value = 114,455,950,000
Strike 3160 has a total call value of 0 versus a total put value of 107,871,050,000 Combined total value = 107,871,050,000
Strike 3180 has a total call value of 0 versus a total put value of 101,286,150,000 Combined total value = 101,286,150,000
Strike 3200 has a total call value of 0 versus a total put value of 94,701,250,000 Combined total value = 94,701,250,000
Strike 3220 has a total call value of 0 versus a total put value of 88,314,450,000 Combined total value = 88,314,450,000
Strike 3240 has a total call value of 0 versus a total put value of 81,927,650,000 Combined total value = 81,927,650,000
Strike 3260 has a total call value of 0 versus a total put value of 75,540,850,000 Combined total value = 75,540,850,000
Strike 3280 has a total call value of 0 versus a total put value of 69,154,050,000 Combined total value = 69,154,050,000
Strike 3300 has a total call value of 0 versus a total put value of 62,788,250,000 Combined total value = 62,788,250,000
Strike 3320 has a total call value of 89,600,000 versus a total put value of 57,020,250,000 Combined total value = 57,109,850,000
Strike 3340 has a total call value of 179,200,000 versus a total put value of 51,314,550,000 Combined total value = 51,493,750,000
Strike 3360 has a total call value of 268,800,000 versus a total put value of 45,715,600,000 Combined total value = 45,984,400,000
Strike 3380 has a total call value of 363,650,000 versus a total put value of 40,218,150,000 Combined total value = 40,581,800,000
Strike 3400 has a total call value of 458,500,000 versus a total put value of 34,796,650,000 Combined total value = 35,255,150,000
Strike 3420 has a total call value of 726,950,000 versus a total put value of 30,550,100,000 Combined total value = 31,277,050,000
Strike 3440 has a total call value of 995,400,000 versus a total put value of 26,410,300,000 Combined total value = 27,405,700,000
Strike 3460 has a total call value of 1,293,250,000 versus a total put value of 22,509,550,000 Combined total value = 23,802,800,000
Strike 3480 has a total call value of 1,640,100,000 versus a total put value of 18,793,600,000 Combined total value = 20,433,700,000
Strike 3500 has a total call value of 2,034,200,000 versus a total put value of 15,234,450,000 Combined total value = 17,268,650,000
Strike 3520 has a total call value of 3,116,400,000 versus a total put value of 12,607,350,000 Combined total value = 15,723,750,000
Strike 3540 has a total call value of 4,368,700,000 versus a total put value of 10,132,500,000 Combined total value = 14,501,200,000
Strike 3560 has a total call value of 5,814,900,000 versus a total put value of 7,855,750,000 Combined total value = 13,670,650,000
Strike 3580 has a total call value of 7,424,200,000 versus a total put value of 5,798,800,000 Combined total value = 13,223,000,000
Strike 3600 has a total call value of 9,139,900,000 versus a total put value of 3,958,850,000 Combined total value = 13,098,750,000
Strike 3620 has a total call value of 11,958,800,000 versus a total put value of 2,933,000,000 Combined total value = 14,891,800,000
Strike 3640 has a total call value of 15,144,500,000 versus a total put value of 2,180,850,000 Combined total value = 17,325,350,000
Strike 3660 has a total call value of 19,044,900,000 versus a total put value of 1,656,550,000 Combined total value = 20,701,450,000
Strike 3680 has a total call value of 23,291,450,000 versus a total put value of 1,247,400,000 Combined total value = 24,538,850,000
Strike 3700 has a total call value of 27,711,250,000 versus a total put value of 864,850,000 Combined total value = 28,576,100,000
Strike 3720 has a total call value of 33,450,200,000 versus a total put value of 730,450,000 Combined total value = 34,180,650,000
Strike 3740 has a total call value of 39,368,350,000 versus a total put value of 599,200,000 Combined total value = 39,967,550,000
Strike 3760 has a total call value of 45,495,800,000 versus a total put value of 471,450,000 Combined total value = 45,967,250,000
Strike 3780 has a total call value of 51,752,400,000 versus a total put value of 352,450,000 Combined total value = 52,104,850,000
Strike 3800 has a total call value of 58,094,050,000 versus a total put value of 237,300,000 Combined total value = 58,331,350,000
Strike 3820 has a total call value of 65,350,250,000 versus a total put value of 213,500,000 Combined total value = 65,563,750,000
Strike 3840 has a total call value of 72,683,800,000 versus a total put value of 189,700,000 Combined total value = 72,873,500,000
Strike 3860 has a total call value of 80,082,450,000 versus a total put value of 165,900,000 Combined total value = 80,248,350,000
Strike 3880 has a total call value of 87,588,900,000 versus a total put value of 142,100,000 Combined total value = 87,731,000,000
Strike 3900 has a total call value of 95,147,150,000 versus a total put value of 118,300,000 Combined total value = 95,265,450,000
Strike 3920 has a total call value of 103,227,600,000 versus a total put value of 94,500,000 Combined total value = 103,322,100,000
Strike 3940 has a total call value of 111,334,300,000 versus a total put value of 70,700,000 Combined total value = 111,405,000,000
Strike 3960 has a total call value of 119,528,850,000 versus a total put value of 46,900,000 Combined total value = 119,575,750,000
Strike 3980 has a total call value of 127,747,200,000 versus a total put value of 23,450,000 Combined total value = 127,770,650,000
Strike 4000 has a total call value of 135,993,900,000 versus a total put value of 0 Combined total value = 135,993,900,000
Strike 4020 has a total call value of 145,535,250,000 versus a total put value of 0 Combined total value = 145,535,250,000
Strike 4040 has a total call value of 155,211,000,000 versus a total put value of 0 Combined total value = 155,211,000,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.