TCS
TATA CONSULTANCY SERV LT
Max pain for TCS
19 Mar 2024 03:52 PM IST
Max Pain for TCS is 4020
Strike 3300 has a total call value of 0 versus a total put value of 281,653,050,000 Combined total value = 281,653,050,000
Strike 3320 has a total call value of 4,200,000 versus a total put value of 272,893,950,000 Combined total value = 272,898,150,000
Strike 3340 has a total call value of 8,400,000 versus a total put value of 264,134,850,000 Combined total value = 264,143,250,000
Strike 3360 has a total call value of 12,600,000 versus a total put value of 255,375,750,000 Combined total value = 255,388,350,000
Strike 3380 has a total call value of 16,800,000 versus a total put value of 246,616,650,000 Combined total value = 246,633,450,000
Strike 3400 has a total call value of 21,000,000 versus a total put value of 237,857,550,000 Combined total value = 237,878,550,000
Strike 3420 has a total call value of 25,200,000 versus a total put value of 229,123,650,000 Combined total value = 229,148,850,000
Strike 3440 has a total call value of 29,400,000 versus a total put value of 220,389,750,000 Combined total value = 220,419,150,000
Strike 3460 has a total call value of 33,600,000 versus a total put value of 211,655,850,000 Combined total value = 211,689,450,000
Strike 3480 has a total call value of 37,800,000 versus a total put value of 202,921,950,000 Combined total value = 202,959,750,000
Strike 3500 has a total call value of 42,000,000 versus a total put value of 194,188,050,000 Combined total value = 194,230,050,000
Strike 3520 has a total call value of 58,800,000 versus a total put value of 185,663,450,000 Combined total value = 185,722,250,000
Strike 3540 has a total call value of 75,600,000 versus a total put value of 177,138,850,000 Combined total value = 177,214,450,000
Strike 3560 has a total call value of 92,400,000 versus a total put value of 168,614,250,000 Combined total value = 168,706,650,000
Strike 3580 has a total call value of 109,200,000 versus a total put value of 160,089,650,000 Combined total value = 160,198,850,000
Strike 3600 has a total call value of 126,000,000 versus a total put value of 151,565,050,000 Combined total value = 151,691,050,000
Strike 3620 has a total call value of 171,150,000 versus a total put value of 143,402,700,000 Combined total value = 143,573,850,000
Strike 3640 has a total call value of 216,300,000 versus a total put value of 135,240,350,000 Combined total value = 135,456,650,000
Strike 3660 has a total call value of 261,800,000 versus a total put value of 127,091,300,000 Combined total value = 127,353,100,000
Strike 3680 has a total call value of 307,300,000 versus a total put value of 118,942,250,000 Combined total value = 119,249,550,000
Strike 3700 has a total call value of 352,800,000 versus a total put value of 110,835,900,000 Combined total value = 111,188,700,000
Strike 3720 has a total call value of 420,700,000 versus a total put value of 103,178,250,000 Combined total value = 103,598,950,000
Strike 3740 has a total call value of 488,600,000 versus a total put value of 95,540,550,000 Combined total value = 96,029,150,000
Strike 3760 has a total call value of 556,500,000 versus a total put value of 87,935,400,000 Combined total value = 88,491,900,000
Strike 3780 has a total call value of 624,400,000 versus a total put value of 80,451,350,000 Combined total value = 81,075,750,000
Strike 3800 has a total call value of 692,300,000 versus a total put value of 73,012,800,000 Combined total value = 73,705,100,000
Strike 3820 has a total call value of 842,800,000 versus a total put value of 66,412,850,000 Combined total value = 67,255,650,000
Strike 3840 has a total call value of 993,300,000 versus a total put value of 59,857,350,000 Combined total value = 60,850,650,000
Strike 3860 has a total call value of 1,153,950,000 versus a total put value of 53,396,000,000 Combined total value = 54,549,950,000
Strike 3880 has a total call value of 1,323,700,000 versus a total put value of 47,096,000,000 Combined total value = 48,419,700,000
Strike 3900 has a total call value of 1,494,500,000 versus a total put value of 40,937,050,000 Combined total value = 42,431,550,000
Strike 3920 has a total call value of 1,864,100,000 versus a total put value of 35,887,600,000 Combined total value = 37,751,700,000
Strike 3940 has a total call value of 2,238,600,000 versus a total put value of 30,980,950,000 Combined total value = 33,219,550,000
Strike 3960 has a total call value of 2,625,700,000 versus a total put value of 26,311,950,000 Combined total value = 28,937,650,000
Strike 3980 has a total call value of 3,066,350,000 versus a total put value of 21,941,500,000 Combined total value = 25,007,850,000
Strike 4000 has a total call value of 3,686,200,000 versus a total put value of 17,774,400,000 Combined total value = 21,460,600,000
Strike 4020 has a total call value of 6,089,300,000 versus a total put value of 15,267,000,000 Combined total value = 21,356,300,000
Strike 4040 has a total call value of 8,979,600,000 versus a total put value of 12,914,650,000 Combined total value = 21,894,250,000
Strike 4060 has a total call value of 12,621,700,000 versus a total put value of 10,755,150,000 Combined total value = 23,376,850,000
Strike 4080 has a total call value of 17,089,450,000 versus a total put value of 8,763,300,000 Combined total value = 25,852,750,000
Strike 4100 has a total call value of 22,036,700,000 versus a total put value of 6,895,350,000 Combined total value = 28,932,050,000
Strike 4120 has a total call value of 29,319,850,000 versus a total put value of 5,509,350,000 Combined total value = 34,829,200,000
Strike 4140 has a total call value of 36,938,300,000 versus a total put value of 4,235,350,000 Combined total value = 41,173,650,000
Strike 4160 has a total call value of 45,177,650,000 versus a total put value of 3,212,300,000 Combined total value = 48,389,950,000
Strike 4180 has a total call value of 54,063,450,000 versus a total put value of 2,274,300,000 Combined total value = 56,337,750,000
Strike 4200 has a total call value of 63,418,950,000 versus a total put value of 1,376,200,000 Combined total value = 64,795,150,000
Strike 4220 has a total call value of 77,079,800,000 versus a total put value of 999,950,000 Combined total value = 78,079,750,000
Strike 4240 has a total call value of 91,394,450,000 versus a total put value of 724,500,000 Combined total value = 92,118,950,000
Strike 4260 has a total call value of 106,535,100,000 versus a total put value of 528,150,000 Combined total value = 107,063,250,000
Strike 4280 has a total call value of 122,078,950,000 versus a total put value of 359,450,000 Combined total value = 122,438,400,000
Strike 4300 has a total call value of 137,963,350,000 versus a total put value of 218,750,000 Combined total value = 138,182,100,000
Strike 4320 has a total call value of 155,979,250,000 versus a total put value of 175,000,000 Combined total value = 156,154,250,000
Strike 4340 has a total call value of 174,154,750,000 versus a total put value of 131,250,000 Combined total value = 174,286,000,000
Strike 4360 has a total call value of 192,532,550,000 versus a total put value of 87,500,000 Combined total value = 192,620,050,000
Strike 4380 has a total call value of 211,068,200,000 versus a total put value of 43,750,000 Combined total value = 211,111,950,000
Strike 4400 has a total call value of 229,709,200,000 versus a total put value of 0 Combined total value = 229,709,200,000
Strike 4420 has a total call value of 249,654,300,000 versus a total put value of 0 Combined total value = 249,654,300,000
Strike 4440 has a total call value of 269,726,800,000 versus a total put value of 0 Combined total value = 269,726,800,000
Strike 4460 has a total call value of 289,907,800,000 versus a total put value of 0 Combined total value = 289,907,800,000
Strike 4480 has a total call value of 310,104,200,000 versus a total put value of 0 Combined total value = 310,104,200,000
Strike 4500 has a total call value of 330,603,000,000 versus a total put value of 0 Combined total value = 330,603,000,000
Strike 4520 has a total call value of 351,101,800,000 versus a total put value of 0 Combined total value = 351,101,800,000
Strike 4540 has a total call value of 371,995,050,000 versus a total put value of 0 Combined total value = 371,995,050,000
Strike 4560 has a total call value of 392,888,300,000 versus a total put value of 0 Combined total value = 392,888,300,000
Strike 4580 has a total call value of 413,896,000,000 versus a total put value of 0 Combined total value = 413,896,000,000
Strike 4600 has a total call value of 434,903,700,000 versus a total put value of 0 Combined total value = 434,903,700,000
Strike 4620 has a total call value of 456,258,250,000 versus a total put value of 0 Combined total value = 456,258,250,000
Strike 4640 has a total call value of 477,612,800,000 versus a total put value of 0 Combined total value = 477,612,800,000
Strike 4660 has a total call value of 499,460,150,000 versus a total put value of 0 Combined total value = 499,460,150,000
Strike 4680 has a total call value of 521,307,500,000 versus a total put value of 0 Combined total value = 521,307,500,000
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.