TCS
Tata Consultancy Serv Lt
Max pain for TCS
18 Oct 2024 10:20 AM IST
Max Pain for TCS is 4200
Strike 3500 has a total call value of 0 versus a total put value of 330,877,750,000 Combined total value = 330,877,750,000
Strike 3550 has a total call value of 0 versus a total put value of 302,516,375,000 Combined total value = 302,516,375,000
Strike 3600 has a total call value of 0 versus a total put value of 274,155,000,000 Combined total value = 274,155,000,000
Strike 3650 has a total call value of 0 versus a total put value of 246,401,750,000 Combined total value = 246,401,750,000
Strike 3700 has a total call value of 0 versus a total put value of 218,648,500,000 Combined total value = 218,648,500,000
Strike 3750 has a total call value of 0 versus a total put value of 191,921,625,000 Combined total value = 191,921,625,000
Strike 3800 has a total call value of 0 versus a total put value of 165,223,625,000 Combined total value = 165,223,625,000
Strike 3850 has a total call value of 0 versus a total put value of 140,418,250,000 Combined total value = 140,418,250,000
Strike 3900 has a total call value of 0 versus a total put value of 116,169,375,000 Combined total value = 116,169,375,000
Strike 3950 has a total call value of 43,750,000 versus a total put value of 93,728,250,000 Combined total value = 93,772,000,000
Strike 4000 has a total call value of 211,750,000 versus a total put value of 72,503,375,000 Combined total value = 72,715,125,000
Strike 4050 has a total call value of 1,063,125,000 versus a total put value of 54,912,375,000 Combined total value = 55,975,500,000
Strike 4100 has a total call value of 2,269,750,000 versus a total put value of 39,507,125,000 Combined total value = 41,776,875,000
Strike 4150 has a total call value of 7,093,625,000 versus a total put value of 27,938,750,000 Combined total value = 35,032,375,000
Strike 4200 has a total call value of 15,075,375,000 versus a total put value of 18,153,625,000 Combined total value = 33,229,000,000
Strike 4250 has a total call value of 31,376,625,000 versus a total put value of 11,734,625,000 Combined total value = 43,111,250,000
Strike 4300 has a total call value of 53,186,875,000 versus a total put value of 6,433,000,000 Combined total value = 59,619,875,000
Strike 4350 has a total call value of 87,014,375,000 versus a total put value of 3,773,875,000 Combined total value = 90,788,250,000
Strike 4400 has a total call value of 125,990,375,000 versus a total put value of 1,708,000,000 Combined total value = 127,698,375,000
Strike 4450 has a total call value of 174,330,625,000 versus a total put value of 854,000,000 Combined total value = 175,184,625,000
Strike 4500 has a total call value of 224,910,000,000 versus a total put value of 0 Combined total value = 224,910,000,000
Strike 4550 has a total call value of 283,288,250,000 versus a total put value of 0 Combined total value = 283,288,250,000
Strike 4600 has a total call value of 343,611,625,000 versus a total put value of 0 Combined total value = 343,611,625,000
Strike 4650 has a total call value of 407,190,875,000 versus a total put value of 0 Combined total value = 407,190,875,000
Strike 4700 has a total call value of 471,733,500,000 versus a total put value of 0 Combined total value = 471,733,500,000
Strike 4750 has a total call value of 537,824,875,000 versus a total put value of 0 Combined total value = 537,824,875,000
Strike 4800 has a total call value of 604,331,000,000 versus a total put value of 0 Combined total value = 604,331,000,000
Strike 4850 has a total call value of 672,094,500,000 versus a total put value of 0 Combined total value = 672,094,500,000
Strike 4900 has a total call value of 739,858,000,000 versus a total put value of 0 Combined total value = 739,858,000,000
Strike 4950 has a total call value of 808,242,750,000 versus a total put value of 0 Combined total value = 808,242,750,000
Strike 5000 has a total call value of 876,627,500,000 versus a total put value of 0 Combined total value = 876,627,500,000
Strike 5050 has a total call value of 946,314,250,000 versus a total put value of 0 Combined total value = 946,314,250,000
Strike 5100 has a total call value of 1,016,001,000,000 versus a total put value of 0 Combined total value = 1,016,001,000,000
Strike 5150 has a total call value of 1,085,687,750,000 versus a total put value of 0 Combined total value = 1,085,687,750,000
Strike 5200 has a total call value of 1,155,374,500,000 versus a total put value of 0 Combined total value = 1,155,374,500,000
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.