TCS
TATA CONSULTANCY SERV LT
Max pain for TCS
25 Apr 2024 04:21 PM IST
Max Pain for TCS is 3900
Strike 3300 has a total call value of 0 versus a total put value of 115,016,125,000 Combined total value = 115,016,125,000
Strike 3350 has a total call value of 0 versus a total put value of 103,466,125,000 Combined total value = 103,466,125,000
Strike 3360 has a total call value of 0 versus a total put value of 101,156,125,000 Combined total value = 101,156,125,000
Strike 3400 has a total call value of 0 versus a total put value of 91,916,125,000 Combined total value = 91,916,125,000
Strike 3440 has a total call value of 1,400,000 versus a total put value of 83,052,725,000 Combined total value = 83,054,125,000
Strike 3450 has a total call value of 1,750,000 versus a total put value of 80,836,875,000 Combined total value = 80,838,625,000
Strike 3480 has a total call value of 2,800,000 versus a total put value of 74,199,300,000 Combined total value = 74,202,100,000
Strike 3500 has a total call value of 3,500,000 versus a total put value of 69,774,250,000 Combined total value = 69,777,750,000
Strike 3520 has a total call value of 4,200,000 versus a total put value of 65,679,600,000 Combined total value = 65,683,800,000
Strike 3550 has a total call value of 5,250,000 versus a total put value of 59,537,625,000 Combined total value = 59,542,875,000
Strike 3560 has a total call value of 5,600,000 versus a total put value of 57,515,500,000 Combined total value = 57,521,100,000
Strike 3600 has a total call value of 7,000,000 versus a total put value of 49,427,000,000 Combined total value = 49,434,000,000
Strike 3640 has a total call value of 58,100,000 versus a total put value of 42,582,400,000 Combined total value = 42,640,500,000
Strike 3650 has a total call value of 70,875,000 versus a total put value of 40,871,250,000 Combined total value = 40,942,125,000
Strike 3680 has a total call value of 121,275,000 versus a total put value of 35,965,125,000 Combined total value = 36,086,400,000
Strike 3700 has a total call value of 154,875,000 versus a total put value of 32,694,375,000 Combined total value = 32,849,250,000
Strike 3720 has a total call value of 244,825,000 versus a total put value of 29,834,525,000 Combined total value = 30,079,350,000
Strike 3750 has a total call value of 379,750,000 versus a total put value of 25,544,750,000 Combined total value = 25,924,500,000
Strike 3760 has a total call value of 438,550,000 versus a total put value of 24,207,225,000 Combined total value = 24,645,775,000
Strike 3800 has a total call value of 673,750,000 versus a total put value of 18,857,125,000 Combined total value = 19,530,875,000
Strike 3840 has a total call value of 2,015,650,000 versus a total put value of 14,892,325,000 Combined total value = 16,907,975,000
Strike 3850 has a total call value of 2,351,125,000 versus a total put value of 13,901,125,000 Combined total value = 16,252,250,000
Strike 3880 has a total call value of 3,798,550,000 versus a total put value of 11,312,875,000 Combined total value = 15,111,425,000
Strike 3900 has a total call value of 4,763,500,000 versus a total put value of 9,587,375,000 Combined total value = 14,350,875,000
Strike 3920 has a total call value of 7,104,300,000 versus a total put value of 8,471,925,000 Combined total value = 15,576,225,000
Strike 3950 has a total call value of 10,615,500,000 versus a total put value of 6,798,750,000 Combined total value = 17,414,250,000
Strike 3960 has a total call value of 11,969,475,000 versus a total put value of 6,290,025,000 Combined total value = 18,259,500,000
Strike 4000 has a total call value of 17,385,375,000 versus a total put value of 4,255,125,000 Combined total value = 21,640,500,000
Strike 4040 has a total call value of 25,853,275,000 versus a total put value of 3,211,425,000 Combined total value = 29,064,700,000
Strike 4050 has a total call value of 27,970,250,000 versus a total put value of 2,950,500,000 Combined total value = 30,920,750,000
Strike 4080 has a total call value of 34,752,725,000 versus a total put value of 2,285,325,000 Combined total value = 37,038,050,000
Strike 4100 has a total call value of 39,274,375,000 versus a total put value of 1,841,875,000 Combined total value = 41,116,250,000
Strike 4120 has a total call value of 44,569,175,000 versus a total put value of 1,546,125,000 Combined total value = 46,115,300,000
Strike 4150 has a total call value of 52,511,375,000 versus a total put value of 1,102,500,000 Combined total value = 53,613,875,000
Strike 4160 has a total call value of 55,199,550,000 versus a total put value of 972,300,000 Combined total value = 56,171,850,000
Strike 4200 has a total call value of 65,952,250,000 versus a total put value of 451,500,000 Combined total value = 66,403,750,000
Strike 4240 has a total call value of 78,492,050,000 versus a total put value of 301,000,000 Combined total value = 78,793,050,000
Strike 4250 has a total call value of 81,627,000,000 versus a total put value of 263,375,000 Combined total value = 81,890,375,000
Strike 4280 has a total call value of 91,177,275,000 versus a total put value of 150,500,000 Combined total value = 91,327,775,000
Strike 4300 has a total call value of 97,544,125,000 versus a total put value of 75,250,000 Combined total value = 97,619,375,000
Strike 4320 has a total call value of 104,272,175,000 versus a total put value of 60,200,000 Combined total value = 104,332,375,000
Strike 4350 has a total call value of 114,364,250,000 versus a total put value of 37,625,000 Combined total value = 114,401,875,000
Strike 4360 has a total call value of 117,749,975,000 versus a total put value of 30,100,000 Combined total value = 117,780,075,000
Strike 4400 has a total call value of 131,292,875,000 versus a total put value of 0 Combined total value = 131,292,875,000
Strike 4440 has a total call value of 145,381,775,000 versus a total put value of 0 Combined total value = 145,381,775,000
Strike 4450 has a total call value of 148,904,000,000 versus a total put value of 0 Combined total value = 148,904,000,000
Strike 4480 has a total call value of 159,470,675,000 versus a total put value of 0 Combined total value = 159,470,675,000
Strike 4500 has a total call value of 166,515,125,000 versus a total put value of 0 Combined total value = 166,515,125,000
Strike 4520 has a total call value of 174,098,925,000 versus a total put value of 0 Combined total value = 174,098,925,000
Strike 4550 has a total call value of 185,474,625,000 versus a total put value of 0 Combined total value = 185,474,625,000
Strike 4560 has a total call value of 189,266,525,000 versus a total put value of 0 Combined total value = 189,266,525,000
Strike 4600 has a total call value of 204,434,125,000 versus a total put value of 0 Combined total value = 204,434,125,000
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.