TCS
Tata Consultancy Serv Lt
Max pain for TCS
21 Nov 2024 02:10 PM IST
Max Pain for TCS is 4100
Strike 3300 has a total call value of 0 versus a total put value of 250,019,875,000 Combined total value = 250,019,875,000
Strike 3350 has a total call value of 0 versus a total put value of 231,966,875,000 Combined total value = 231,966,875,000
Strike 3400 has a total call value of 0 versus a total put value of 213,913,875,000 Combined total value = 213,913,875,000
Strike 3450 has a total call value of 0 versus a total put value of 196,117,250,000 Combined total value = 196,117,250,000
Strike 3500 has a total call value of 0 versus a total put value of 178,320,625,000 Combined total value = 178,320,625,000
Strike 3550 has a total call value of 0 versus a total put value of 160,778,625,000 Combined total value = 160,778,625,000
Strike 3600 has a total call value of 0 versus a total put value of 143,238,375,000 Combined total value = 143,238,375,000
Strike 3650 has a total call value of 0 versus a total put value of 126,362,250,000 Combined total value = 126,362,250,000
Strike 3700 has a total call value of 0 versus a total put value of 109,683,875,000 Combined total value = 109,683,875,000
Strike 3750 has a total call value of 0 versus a total put value of 93,824,500,000 Combined total value = 93,824,500,000
Strike 3800 has a total call value of 0 versus a total put value of 78,282,750,000 Combined total value = 78,282,750,000
Strike 3850 has a total call value of 82,250,000 versus a total put value of 64,249,500,000 Combined total value = 64,331,750,000
Strike 3900 has a total call value of 226,625,000 versus a total put value of 50,978,375,000 Combined total value = 51,205,000,000
Strike 3950 has a total call value of 623,875,000 versus a total put value of 39,286,625,000 Combined total value = 39,910,500,000
Strike 4000 has a total call value of 1,413,125,000 versus a total put value of 28,971,250,000 Combined total value = 30,384,375,000
Strike 4050 has a total call value of 3,689,875,000 versus a total put value of 21,823,375,000 Combined total value = 25,513,250,000
Strike 4100 has a total call value of 8,085,875,000 versus a total put value of 15,784,125,000 Combined total value = 23,870,000,000
Strike 4150 has a total call value of 15,491,875,000 versus a total put value of 11,579,750,000 Combined total value = 27,071,625,000
Strike 4200 has a total call value of 25,599,875,000 versus a total put value of 8,052,625,000 Combined total value = 33,652,500,000
Strike 4250 has a total call value of 40,873,875,000 versus a total put value of 5,692,750,000 Combined total value = 46,566,625,000
Strike 4300 has a total call value of 58,439,500,000 versus a total put value of 3,642,625,000 Combined total value = 62,082,125,000
Strike 4350 has a total call value of 78,846,250,000 versus a total put value of 2,436,875,000 Combined total value = 81,283,125,000
Strike 4400 has a total call value of 100,363,375,000 versus a total put value of 1,436,750,000 Combined total value = 101,800,125,000
Strike 4450 has a total call value of 123,425,750,000 versus a total put value of 936,250,000 Combined total value = 124,362,000,000
Strike 4500 has a total call value of 147,024,500,000 versus a total put value of 435,750,000 Combined total value = 147,460,250,000
Strike 4550 has a total call value of 173,003,250,000 versus a total put value of 241,500,000 Combined total value = 173,244,750,000
Strike 4600 has a total call value of 199,409,875,000 versus a total put value of 47,250,000 Combined total value = 199,457,125,000
Strike 4650 has a total call value of 226,611,875,000 versus a total put value of 23,625,000 Combined total value = 226,635,500,000
Strike 4700 has a total call value of 253,840,125,000 versus a total put value of 0 Combined total value = 253,840,125,000
Strike 4750 has a total call value of 281,411,375,000 versus a total put value of 0 Combined total value = 281,411,375,000
Strike 4800 has a total call value of 308,982,625,000 versus a total put value of 0 Combined total value = 308,982,625,000
Strike 4850 has a total call value of 336,609,000,000 versus a total put value of 0 Combined total value = 336,609,000,000
Strike 4900 has a total call value of 364,235,375,000 versus a total put value of 0 Combined total value = 364,235,375,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.85 | 470 |
| ABB | 6758.95 | 7000 |
| ABBOTINDIA | 27033.5 | 28000 |
| ABCAPITAL | 183.74 | 200 |
| ABFRL | 284.85 | 300 |
| ACC | 2040.95 | 2220 |
| ADANIENT | 2284 | 2640 |
| ADANIPORTS | 1132.15 | 1200 |
| ALKEM | 5581.65 | 5500 |
| AMBUJACEM | 496.4 | 540 |
| APOLLOHOSP | 6726.5 | 6900 |
| APOLLOTYRE | 484.5 | 480 |
| ASHOKLEY | 217.62 | 220 |
| ASIANPAINT | 2429.85 | 2540 |
| ASTRAL | 1713 | 1780 |
| ATUL | 7250.75 | 7500 |
| AUBANK | 593.8 | 590 |
| AUROPHARMA | 1219.25 | 1300 |
| AXISBANK | 1140.1 | 1150 |
| BAJAJ-AUTO | 9490.55 | 9700 |
| BAJAJFINSV | 1572.45 | 1620 |
| BAJFINANCE | 6476.9 | 6700 |
| BALKRISIND | 2740.45 | 2800 |
| BANDHANBNK | 166.56 | 177.5 |
| BANKBARODA | 229.8 | 240 |
| BATAINDIA | 1280.9 | 1310 |
| BEL | 275.1 | 285 |
| BERGEPAINT | 466.65 | 495 |
| BHARATFORG | 1297.8 | 1340 |
| BHARTIARTL | 1521.05 | 1540 |
| BHEL | 227.89 | 235 |
| BIOCON | 324.5 | 330 |
| BOSCHLTD | 34082.45 | 34000 |
| BPCL | 282.4 | 300 |
| BRITANNIA | 4772 | 5000 |
| BSOFT | 545.1 | 560 |
| CANBK | 94.86 | 100 |
| CANFINHOME | 822 | 830 |
| CHAMBLFERT | 459.95 | 480 |
| CHOLAFIN | 1210.85 | 1240 |
| CIPLA | 1459.65 | 1520 |
| COALINDIA | 405.6 | 425 |
| COFORGE | 8209.8 | 8000 |
| COLPAL | 2688 | 2800 |
| CONCOR | 768.5 | 810 |
| COROMANDEL | 1777.55 | 1720 |
| CROMPTON | 381.5 | 390 |
| CUB | 170.44 | 175 |
| CUMMINSIND | 3291.2 | 3400 |
| DABUR | 504.1 | 525 |
| DALBHARAT | 1779.7 | 1760 |
| DEEPAKNTR | 2623.1 | 2650 |
| DIVISLAB | 5955.7 | 5900 |
| DIXON | 15029.9 | 14750 |
| DLF | 777.3 | 780 |
| DRREDDY | 1193.65 | 1220 |
| EICHERMOT | 4908.7 | 4900 |
| ESCORTS | 3456.5 | 3600 |
| EXIDEIND | 416.35 | 440 |
| FEDERALBNK | 210.7 | 205 |
| GAIL | 188.71 | 197.5 |
| GLENMARK | 1466 | 1520 |
| GMRINFRA | 76.98 | 82 |
| GNFC | 556.6 | 570 |
| GODREJCP | 1180.4 | 1200 |
| GODREJPROP | 2711.8 | 2750 |
| GRANULES | 546.3 | 580 |
| GRASIM | 2548 | 2540 |
| GUJGASLTD | 454.15 | 480 |
| HAL | 3993.8 | 4200 |
| HAVELLS | 1632.35 | 1640 |
| HCLTECH | 1832.7 | 1820 |
| HDFCAMC | 4207.7 | 4300 |
| HDFCBANK | 1742.55 | 1740 |
| HDFCLIFE | 673.75 | 680 |
| HEROMOTOCO | 4756.6 | 4800 |
| HINDALCO | 646 | 650 |
| HINDCOPPER | 263.4 | 290 |
| HINDPETRO | 360.35 | 375 |
| HINDUNILVR | 2380 | 2480 |
| ICICIBANK | 1252.1 | 1260 |
| ICICIGI | 1817.85 | 1880 |
| ICICIPRULI | 679.9 | 690 |
| IDEA | 6.98 | 8 |
| IDFCFIRSTB | 63.21 | 66 |
| IEX | 161.41 | 170 |
| IGL | 311.95 | 330 |
| INDHOTEL | 791.35 | 760 |
| INDIAMART | 2249.6 | 2400 |
| INDIGO | 4062.8 | 4000 |
| INDUSINDBK | 974.65 | 1040 |
| INDUSTOWER | 330.3 | 340 |
| INFY | 1829.95 | 1800 |
| IOC | 131.08 | 140 |
| IPCALAB | 1568.85 | 1560 |
| IRCTC | 796.45 | 820 |
| ITC | 456.15 | 475 |
| JINDALSTEL | 874.45 | 900 |
| JKCEMENT | 4010 | 4000 |
| JSWSTEEL | 943.3 | 960 |
| JUBLFOOD | 610.3 | 620 |
| KOTAKBANK | 1736.3 | 1760 |
| LALPATHLAB | 3021.65 | 3100 |
| LAURUSLABS | 488.6 | 490 |
| LICHSGFIN | 611.8 | 630 |
| LT | 3491.85 | 3600 |
| LTF | 138 | 140 |
| LTIM | 5918.9 | 5900 |
| LTTS | 5176.8 | 5150 |
| LUPIN | 2040.4 | 2100 |
| M&M | 2942 | 2900 |
| M&MFIN | 257.15 | 265 |
| MANAPPURAM | 150.95 | 155 |
| MARICO | 590.95 | 600 |
| MARUTI | 10908.95 | 11000 |
| MCX | 6184.05 | 6200 |
| METROPOLIS | 2011 | 2060 |
| MFSL | 1176.05 | 1200 |
| MGL | 1118.35 | 1160 |
| MOTHERSON | 161.7 | 175 |
| MPHASIS | 2777.1 | 2850 |
| MRF | 123170.35 | 122500 |
| MUTHOOTFIN | 1907 | 1880 |
| NATIONALUM | 248.41 | 240 |
| NAUKRI | 7540.7 | 7700 |
| NAVINFLUOR | 3269.35 | 3400 |
| NESTLEIND | 2205.55 | 2280 |
| NMDC | 218.35 | 225 |
| NTPC | 356.2 | 370 |
| OBEROIRLTY | 1934.3 | 1960 |
| OFSS | 11142.05 | 11500 |
| ONGC | 242 | 250 |
| PAGEIND | 44577.95 | 45500 |
| PEL | 1052.85 | 1060 |
| PERSISTENT | 5731.5 | 5600 |
| PETRONET | 320.75 | 328 |
| PFC | 452.1 | 460 |
| PIDILITIND | 2944.95 | 3060 |
| PIIND | 4130 | 4200 |
| PNB | 96.8 | 102 |
| POLYCAB | 6429.95 | 6500 |
| POWERGRID | 322.1 | 320 |
| PVRINOX | 1443.7 | 1500 |
| RAMCOCEM | 916.1 | 900 |
| RBLBANK | 157.88 | 160 |
| RECLTD | 489.7 | 510 |
| RELIANCE | 1219.95 | 1290 |
| SAIL | 111.17 | 115 |
| SBICARD | 674.35 | 690 |
| SBILIFE | 1481.8 | 1520 |
| SBIN | 780.5 | 800 |
| SHREECEM | 24235.1 | 24500 |
| SHRIRAMFIN | 2804.55 | 2900 |
| SIEMENS | 6680 | 6800 |
| SRF | 2155.4 | 2260 |
| SUNPHARMA | 1765 | 1800 |
| SUNTV | 728.7 | 730 |
| SYNGENE | 844.6 | 870 |
| TATACHEM | 1057.5 | 1100 |
| TATACOMM | 1711.05 | 1780 |
| TATACONSUM | 911.9 | 950 |
| TATAMOTORS | 777.4 | 800 |
| TATAPOWER | 410.35 | 420 |
| TATASTEEL | 140.35 | 145 |
| TCS | 4056.6 | 4100 |
| TECHM | 1699.25 | 1680 |
| TITAN | 3165.95 | 3200 |
| TORNTPHARM | 3097.45 | 3150 |
| TRENT | 6460 | 6600 |
| TVSMOTOR | 2399.6 | 2450 |
| UBL | 1819.8 | 1880 |
| ULTRACEMCO | 10935.5 | 11000 |
| UNITDSPR | 1490.9 | 1480 |
| UPL | 562.8 | 540 |
| VEDL | 442.7 | 460 |
| VOLTAS | 1671.85 | 1700 |
| WIPRO | 557 | 560 |
| ZYDUSLIFE | 941.8 | 960 |
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.
