[--[65.84.65.76]--]
TCS
TATA CONSULTANCY SERV LT

3876.3 35.40 (0.92%)


Strike  3300  has a total call value of 0  versus a total put value of  102,768,400,000 Combined total value = 102,768,400,000

Strike  3320  has a total call value of 6,300,000  versus a total put value of  99,417,150,000 Combined total value = 99,423,450,000

Strike  3340  has a total call value of 12,600,000  versus a total put value of  96,065,900,000 Combined total value = 96,078,500,000

Strike  3360  has a total call value of 18,900,000  versus a total put value of  92,714,650,000 Combined total value = 92,733,550,000

Strike  3380  has a total call value of 25,200,000  versus a total put value of  89,363,400,000 Combined total value = 89,388,600,000

Strike  3400  has a total call value of 31,500,000  versus a total put value of  86,012,150,000 Combined total value = 86,043,650,000

Strike  3420  has a total call value of 37,800,000  versus a total put value of  82,683,300,000 Combined total value = 82,721,100,000

Strike  3440  has a total call value of 44,100,000  versus a total put value of  79,354,450,000 Combined total value = 79,398,550,000

Strike  3460  has a total call value of 50,400,000  versus a total put value of  76,025,600,000 Combined total value = 76,076,000,000

Strike  3480  has a total call value of 56,700,000  versus a total put value of  72,696,750,000 Combined total value = 72,753,450,000

Strike  3500  has a total call value of 63,000,000  versus a total put value of  69,367,900,000 Combined total value = 69,430,900,000

Strike  3520  has a total call value of 73,850,000  versus a total put value of  66,206,000,000 Combined total value = 66,279,850,000

Strike  3540  has a total call value of 84,700,000  versus a total put value of  63,044,100,000 Combined total value = 63,128,800,000

Strike  3560  has a total call value of 95,550,000  versus a total put value of  59,882,200,000 Combined total value = 59,977,750,000

Strike  3580  has a total call value of 106,400,000  versus a total put value of  56,720,300,000 Combined total value = 56,826,700,000

Strike  3600  has a total call value of 117,250,000  versus a total put value of  53,558,400,000 Combined total value = 53,675,650,000

Strike  3620  has a total call value of 135,100,000  versus a total put value of  50,571,850,000 Combined total value = 50,706,950,000

Strike  3640  has a total call value of 152,950,000  versus a total put value of  47,585,300,000 Combined total value = 47,738,250,000

Strike  3660  has a total call value of 170,800,000  versus a total put value of  44,608,900,000 Combined total value = 44,779,700,000

Strike  3680  has a total call value of 188,650,000  versus a total put value of  41,632,500,000 Combined total value = 41,821,150,000

Strike  3700  has a total call value of 206,500,000  versus a total put value of  38,671,850,000 Combined total value = 38,878,350,000

Strike  3720  has a total call value of 233,100,000  versus a total put value of  36,025,500,000 Combined total value = 36,258,600,000

Strike  3740  has a total call value of 259,700,000  versus a total put value of  33,391,400,000 Combined total value = 33,651,100,000

Strike  3760  has a total call value of 287,350,000  versus a total put value of  30,800,700,000 Combined total value = 31,088,050,000

Strike  3780  has a total call value of 317,100,000  versus a total put value of  28,338,800,000 Combined total value = 28,655,900,000

Strike  3800  has a total call value of 347,900,000  versus a total put value of  25,925,200,000 Combined total value = 26,273,100,000

Strike  3820  has a total call value of 411,600,000  versus a total put value of  23,808,750,000 Combined total value = 24,220,350,000

Strike  3840  has a total call value of 480,900,000  versus a total put value of  21,762,300,000 Combined total value = 22,243,200,000

Strike  3860  has a total call value of 581,700,000  versus a total put value of  19,789,000,000 Combined total value = 20,370,700,000

Strike  3880  has a total call value of 746,900,000  versus a total put value of  17,937,500,000 Combined total value = 18,684,400,000

Strike  3900  has a total call value of 972,650,000  versus a total put value of  16,135,700,000 Combined total value = 17,108,350,000

Strike  3920  has a total call value of 1,412,250,000  versus a total put value of  14,470,400,000 Combined total value = 15,882,650,000

Strike  3940  has a total call value of 1,952,650,000  versus a total put value of  12,859,700,000 Combined total value = 14,812,350,000

Strike  3960  has a total call value of 2,784,950,000  versus a total put value of  11,301,500,000 Combined total value = 14,086,450,000

Strike  3980  has a total call value of 3,888,500,000  versus a total put value of  9,856,000,000 Combined total value = 13,744,500,000

Strike  4000  has a total call value of 5,127,150,000  versus a total put value of  8,467,200,000 Combined total value = 13,594,350,000

Strike  4020  has a total call value of 6,900,250,000  versus a total put value of  7,450,450,000 Combined total value = 14,350,700,000

Strike  4040  has a total call value of 8,788,150,000  versus a total put value of  6,473,950,000 Combined total value = 15,262,100,000

Strike  4060  has a total call value of 10,976,350,000  versus a total put value of  5,560,450,000 Combined total value = 16,536,800,000

Strike  4080  has a total call value of 13,522,600,000  versus a total put value of  4,710,300,000 Combined total value = 18,232,900,000

Strike  4100  has a total call value of 16,225,300,000  versus a total put value of  3,907,750,000 Combined total value = 20,133,050,000

Strike  4120  has a total call value of 19,471,550,000  versus a total put value of  3,232,950,000 Combined total value = 22,704,500,000

Strike  4140  has a total call value of 22,831,200,000  versus a total put value of  2,637,600,000 Combined total value = 25,468,800,000

Strike  4160  has a total call value of 26,314,400,000  versus a total put value of  2,103,150,000 Combined total value = 28,417,550,000

Strike  4180  has a total call value of 29,894,200,000  versus a total put value of  1,606,500,000 Combined total value = 31,500,700,000

Strike  4200  has a total call value of 33,563,600,000  versus a total put value of  1,130,850,000 Combined total value = 34,694,450,000

Strike  4220  has a total call value of 38,048,150,000  versus a total put value of  857,500,000 Combined total value = 38,905,650,000

Strike  4240  has a total call value of 42,736,750,000  versus a total put value of  663,950,000 Combined total value = 43,400,700,000

Strike  4260  has a total call value of 47,684,350,000  versus a total put value of  516,950,000 Combined total value = 48,201,300,000

Strike  4280  has a total call value of 52,734,150,000  versus a total put value of  369,950,000 Combined total value = 53,104,100,000

Strike  4300  has a total call value of 57,922,550,000  versus a total put value of  247,100,000 Combined total value = 58,169,650,000

Strike  4320  has a total call value of 63,651,000,000  versus a total put value of  184,100,000 Combined total value = 63,835,100,000

Strike  4340  has a total call value of 69,454,000,000  versus a total put value of  138,250,000 Combined total value = 69,592,250,000

Strike  4360  has a total call value of 75,316,500,000  versus a total put value of  92,400,000 Combined total value = 75,408,900,000

Strike  4380  has a total call value of 81,226,250,000  versus a total put value of  46,550,000 Combined total value = 81,272,800,000

Strike  4400  has a total call value of 87,173,450,000  versus a total put value of  700,000 Combined total value = 87,174,150,000

Strike  4420  has a total call value of 93,335,550,000  versus a total put value of  350,000 Combined total value = 93,335,900,000

Strike  4440  has a total call value of 99,512,700,000  versus a total put value of  0 Combined total value = 99,512,700,000

Strike  4460  has a total call value of 105,724,850,000  versus a total put value of  0 Combined total value = 105,724,850,000

Strike  4480  has a total call value of 111,937,000,000  versus a total put value of  0 Combined total value = 111,937,000,000

Strike  4500  has a total call value of 118,247,150,000  versus a total put value of  0 Combined total value = 118,247,150,000

Strike  4520  has a total call value of 124,557,300,000  versus a total put value of  0 Combined total value = 124,557,300,000

Strike  4540  has a total call value of 130,961,600,000  versus a total put value of  0 Combined total value = 130,961,600,000

Strike  4560  has a total call value of 137,365,900,000  versus a total put value of  0 Combined total value = 137,365,900,000

Strike  4580  has a total call value of 143,815,350,000  versus a total put value of  0 Combined total value = 143,815,350,000

Strike  4600  has a total call value of 150,264,800,000  versus a total put value of  0 Combined total value = 150,264,800,000

Strike  4620  has a total call value of 156,847,950,000  versus a total put value of  0 Combined total value = 156,847,950,000

Strike  4640  has a total call value of 163,431,100,000  versus a total put value of  0 Combined total value = 163,431,100,000

Strike  4660  has a total call value of 170,317,000,000  versus a total put value of  0 Combined total value = 170,317,000,000

Strike  4680  has a total call value of 177,202,900,000  versus a total put value of  0 Combined total value = 177,202,900,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.