TCS
TATA CONSULTANCY SERV LT
Max pain for TCS
19 Apr 2024 04:18 PM IST
Max Pain for TCS is 3900
Strike 3300 has a total call value of 0 versus a total put value of 256,521,825,000 Combined total value = 256,521,825,000
Strike 3320 has a total call value of 0 versus a total put value of 246,579,025,000 Combined total value = 246,579,025,000
Strike 3350 has a total call value of 0 versus a total put value of 231,664,825,000 Combined total value = 231,664,825,000
Strike 3360 has a total call value of 0 versus a total put value of 226,693,425,000 Combined total value = 226,693,425,000
Strike 3380 has a total call value of 0 versus a total put value of 216,750,625,000 Combined total value = 216,750,625,000
Strike 3400 has a total call value of 0 versus a total put value of 206,807,825,000 Combined total value = 206,807,825,000
Strike 3420 has a total call value of 0 versus a total put value of 197,021,825,000 Combined total value = 197,021,825,000
Strike 3440 has a total call value of 0 versus a total put value of 187,235,825,000 Combined total value = 187,235,825,000
Strike 3450 has a total call value of 0 versus a total put value of 182,364,525,000 Combined total value = 182,364,525,000
Strike 3460 has a total call value of 0 versus a total put value of 177,493,225,000 Combined total value = 177,493,225,000
Strike 3480 has a total call value of 0 versus a total put value of 167,750,625,000 Combined total value = 167,750,625,000
Strike 3500 has a total call value of 0 versus a total put value of 158,008,025,000 Combined total value = 158,008,025,000
Strike 3520 has a total call value of 0 versus a total put value of 148,706,075,000 Combined total value = 148,706,075,000
Strike 3540 has a total call value of 0 versus a total put value of 139,532,225,000 Combined total value = 139,532,225,000
Strike 3550 has a total call value of 0 versus a total put value of 134,945,300,000 Combined total value = 134,945,300,000
Strike 3560 has a total call value of 0 versus a total put value of 130,374,825,000 Combined total value = 130,374,825,000
Strike 3580 has a total call value of 0 versus a total put value of 121,261,175,000 Combined total value = 121,261,175,000
Strike 3600 has a total call value of 0 versus a total put value of 112,147,525,000 Combined total value = 112,147,525,000
Strike 3620 has a total call value of 28,000,000 versus a total put value of 103,620,125,000 Combined total value = 103,648,125,000
Strike 3640 has a total call value of 56,000,000 versus a total put value of 95,132,975,000 Combined total value = 95,188,975,000
Strike 3650 has a total call value of 70,000,000 versus a total put value of 90,970,600,000 Combined total value = 91,040,600,000
Strike 3660 has a total call value of 84,525,000 versus a total put value of 86,877,875,000 Combined total value = 86,962,400,000
Strike 3680 has a total call value of 200,725,000 versus a total put value of 78,809,325,000 Combined total value = 79,010,050,000
Strike 3700 has a total call value of 321,825,000 versus a total put value of 70,978,075,000 Combined total value = 71,299,900,000
Strike 3720 has a total call value of 604,275,000 versus a total put value of 64,348,025,000 Combined total value = 64,952,300,000
Strike 3740 has a total call value of 929,075,000 versus a total put value of 57,891,575,000 Combined total value = 58,820,650,000
Strike 3750 has a total call value of 1,098,475,000 versus a total put value of 54,706,225,000 Combined total value = 55,804,700,000
Strike 3760 has a total call value of 1,270,150,000 versus a total put value of 51,605,750,000 Combined total value = 52,875,900,000
Strike 3780 has a total call value of 1,630,300,000 versus a total put value of 45,536,050,000 Combined total value = 47,166,350,000
Strike 3800 has a total call value of 2,030,700,000 versus a total put value of 39,599,000,000 Combined total value = 41,629,700,000
Strike 3820 has a total call value of 2,805,950,000 versus a total put value of 34,652,800,000 Combined total value = 37,458,750,000
Strike 3840 has a total call value of 3,716,300,000 versus a total put value of 29,876,000,000 Combined total value = 33,592,300,000
Strike 3850 has a total call value of 4,290,650,000 versus a total put value of 27,571,775,000 Combined total value = 31,862,425,000
Strike 3860 has a total call value of 5,019,000,000 versus a total put value of 25,401,425,000 Combined total value = 30,420,425,000
Strike 3880 has a total call value of 6,668,200,000 versus a total put value of 21,298,375,000 Combined total value = 27,966,575,000
Strike 3900 has a total call value of 8,627,850,000 versus a total put value of 17,338,125,000 Combined total value = 25,965,975,000
Strike 3920 has a total call value of 11,959,850,000 versus a total put value of 14,478,975,000 Combined total value = 26,438,825,000
Strike 3940 has a total call value of 15,799,000,000 versus a total put value of 11,766,125,000 Combined total value = 27,565,125,000
Strike 3950 has a total call value of 17,944,675,000 versus a total put value of 10,495,975,000 Combined total value = 28,440,650,000
Strike 3960 has a total call value of 20,302,275,000 versus a total put value of 9,290,750,000 Combined total value = 29,593,025,000
Strike 3980 has a total call value of 25,498,025,000 versus a total put value of 7,157,500,000 Combined total value = 32,655,525,000
Strike 4000 has a total call value of 31,330,775,000 versus a total put value of 5,189,100,000 Combined total value = 36,519,875,000
Strike 4020 has a total call value of 42,220,675,000 versus a total put value of 4,371,150,000 Combined total value = 46,591,825,000
Strike 4040 has a total call value of 53,773,825,000 versus a total put value of 3,688,300,000 Combined total value = 57,462,125,000
Strike 4050 has a total call value of 59,832,675,000 versus a total put value of 3,381,525,000 Combined total value = 63,214,200,000
Strike 4060 has a total call value of 66,377,500,000 versus a total put value of 3,097,150,000 Combined total value = 69,474,650,000
Strike 4080 has a total call value of 79,801,050,000 versus a total put value of 2,562,350,000 Combined total value = 82,363,400,000
Strike 4100 has a total call value of 93,447,900,000 versus a total put value of 2,045,400,000 Combined total value = 95,493,300,000
Strike 4120 has a total call value of 110,061,700,000 versus a total put value of 1,691,900,000 Combined total value = 111,753,600,000
Strike 4140 has a total call value of 126,849,800,000 versus a total put value of 1,338,400,000 Combined total value = 128,188,200,000
Strike 4150 has a total call value of 135,420,075,000 versus a total put value of 1,161,650,000 Combined total value = 136,581,725,000
Strike 4160 has a total call value of 144,115,475,000 versus a total put value of 984,900,000 Combined total value = 145,100,375,000
Strike 4180 has a total call value of 161,732,375,000 versus a total put value of 740,950,000 Combined total value = 162,473,325,000
Strike 4200 has a total call value of 179,508,175,000 versus a total put value of 497,000,000 Combined total value = 180,005,175,000
Strike 4220 has a total call value of 199,616,725,000 versus a total put value of 397,600,000 Combined total value = 200,014,325,000
Strike 4240 has a total call value of 219,795,975,000 versus a total put value of 298,200,000 Combined total value = 220,094,175,000
Strike 4250 has a total call value of 229,940,375,000 versus a total put value of 248,500,000 Combined total value = 230,188,875,000
Strike 4260 has a total call value of 240,236,150,000 versus a total put value of 198,800,000 Combined total value = 240,434,950,000
Strike 4280 has a total call value of 260,953,700,000 versus a total put value of 99,400,000 Combined total value = 261,053,100,000
Strike 4300 has a total call value of 281,710,100,000 versus a total put value of 0 Combined total value = 281,710,100,000
Strike 4320 has a total call value of 303,748,550,000 versus a total put value of 0 Combined total value = 303,748,550,000
Strike 4340 has a total call value of 325,869,250,000 versus a total put value of 0 Combined total value = 325,869,250,000
Strike 4350 has a total call value of 336,965,125,000 versus a total put value of 0 Combined total value = 336,965,125,000
Strike 4360 has a total call value of 348,119,275,000 versus a total put value of 0 Combined total value = 348,119,275,000
Strike 4380 has a total call value of 370,598,025,000 versus a total put value of 0 Combined total value = 370,598,025,000
Strike 4400 has a total call value of 393,076,775,000 versus a total put value of 0 Combined total value = 393,076,775,000
Strike 4420 has a total call value of 416,661,175,000 versus a total put value of 0 Combined total value = 416,661,175,000
Strike 4440 has a total call value of 440,269,025,000 versus a total put value of 0 Combined total value = 440,269,025,000
Strike 4450 has a total call value of 452,085,375,000 versus a total put value of 0 Combined total value = 452,085,375,000
Strike 4460 has a total call value of 463,901,725,000 versus a total put value of 0 Combined total value = 463,901,725,000
Strike 4480 has a total call value of 487,562,425,000 versus a total put value of 0 Combined total value = 487,562,425,000
Strike 4500 has a total call value of 511,298,025,000 versus a total put value of 0 Combined total value = 511,298,025,000
Strike 4520 has a total call value of 535,603,425,000 versus a total put value of 0 Combined total value = 535,603,425,000
Strike 4540 has a total call value of 560,014,175,000 versus a total put value of 0 Combined total value = 560,014,175,000
Strike 4550 has a total call value of 572,219,550,000 versus a total put value of 0 Combined total value = 572,219,550,000
Strike 4560 has a total call value of 584,424,925,000 versus a total put value of 0 Combined total value = 584,424,925,000
Strike 4580 has a total call value of 608,849,325,000 versus a total put value of 0 Combined total value = 608,849,325,000
Strike 4600 has a total call value of 633,273,725,000 versus a total put value of 0 Combined total value = 633,273,725,000
Strike 4620 has a total call value of 657,907,425,000 versus a total put value of 0 Combined total value = 657,907,425,000
Strike 4640 has a total call value of 682,541,125,000 versus a total put value of 0 Combined total value = 682,541,125,000
Strike 4650 has a total call value of 694,898,225,000 versus a total put value of 0 Combined total value = 694,898,225,000
Strike 4660 has a total call value of 707,255,325,000 versus a total put value of 0 Combined total value = 707,255,325,000
Strike 4680 has a total call value of 731,969,525,000 versus a total put value of 0 Combined total value = 731,969,525,000
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.