TCS
Tata Consultancy Serv Lt
Max pain for TCS
25 Oct 2025 03:50 PM IST
Max Pain for TCS is 3020
Strike 2400 has a total call value of 0 versus a total put value of 406,901,950,000 Combined total value = 406,901,950,000
Strike 2420 has a total call value of 0 versus a total put value of 392,294,700,000 Combined total value = 392,294,700,000
Strike 2440 has a total call value of 0 versus a total put value of 377,687,450,000 Combined total value = 377,687,450,000
Strike 2460 has a total call value of 0 versus a total put value of 363,089,650,000 Combined total value = 363,089,650,000
Strike 2480 has a total call value of 0 versus a total put value of 348,491,850,000 Combined total value = 348,491,850,000
Strike 2500 has a total call value of 0 versus a total put value of 333,945,150,000 Combined total value = 333,945,150,000
Strike 2520 has a total call value of 0 versus a total put value of 319,398,450,000 Combined total value = 319,398,450,000
Strike 2540 has a total call value of 0 versus a total put value of 304,970,400,000 Combined total value = 304,970,400,000
Strike 2560 has a total call value of 0 versus a total put value of 290,542,350,000 Combined total value = 290,542,350,000
Strike 2580 has a total call value of 0 versus a total put value of 276,267,950,000 Combined total value = 276,267,950,000
Strike 2600 has a total call value of 0 versus a total put value of 261,993,550,000 Combined total value = 261,993,550,000
Strike 2620 has a total call value of 103,600,000 versus a total put value of 248,389,050,000 Combined total value = 248,492,650,000
Strike 2640 has a total call value of 207,200,000 versus a total put value of 234,784,550,000 Combined total value = 234,991,750,000
Strike 2660 has a total call value of 310,800,000 versus a total put value of 221,379,550,000 Combined total value = 221,690,350,000
Strike 2680 has a total call value of 414,400,000 versus a total put value of 208,139,750,000 Combined total value = 208,554,150,000
Strike 2700 has a total call value of 518,000,000 versus a total put value of 195,145,300,000 Combined total value = 195,663,300,000
Strike 2720 has a total call value of 642,950,000 versus a total put value of 182,841,400,000 Combined total value = 183,484,350,000
Strike 2740 has a total call value of 767,900,000 versus a total put value of 170,668,050,000 Combined total value = 171,435,950,000
Strike 2760 has a total call value of 892,850,000 versus a total put value of 158,709,600,000 Combined total value = 159,602,450,000
Strike 2780 has a total call value of 1,034,600,000 versus a total put value of 146,907,600,000 Combined total value = 147,942,200,000
Strike 2800 has a total call value of 1,176,350,000 versus a total put value of 135,182,250,000 Combined total value = 136,358,600,000
Strike 2820 has a total call value of 1,630,300,000 versus a total put value of 124,439,350,000 Combined total value = 126,069,650,000
Strike 2840 has a total call value of 2,084,250,000 versus a total put value of 113,817,200,000 Combined total value = 115,901,450,000
Strike 2860 has a total call value of 2,585,450,000 versus a total put value of 103,405,400,000 Combined total value = 105,990,850,000
Strike 2880 has a total call value of 3,157,700,000 versus a total put value of 93,270,450,000 Combined total value = 96,428,150,000
Strike 2900 has a total call value of 3,892,350,000 versus a total put value of 83,397,650,000 Combined total value = 87,290,000,000
Strike 2920 has a total call value of 5,111,400,000 versus a total put value of 74,951,100,000 Combined total value = 80,062,500,000
Strike 2940 has a total call value of 6,757,450,000 versus a total put value of 67,064,200,000 Combined total value = 73,821,650,000
Strike 2960 has a total call value of 8,690,150,000 versus a total put value of 59,733,450,000 Combined total value = 68,423,600,000
Strike 2980 has a total call value of 11,382,000,000 versus a total put value of 53,196,150,000 Combined total value = 64,578,150,000
Strike 3000 has a total call value of 14,302,050,000 versus a total put value of 47,382,300,000 Combined total value = 61,684,350,000
Strike 3020 has a total call value of 18,802,700,000 versus a total put value of 42,841,750,000 Combined total value = 61,644,450,000
Strike 3040 has a total call value of 23,614,500,000 versus a total put value of 38,645,250,000 Combined total value = 62,259,750,000
Strike 3060 has a total call value of 29,010,800,000 versus a total put value of 34,995,100,000 Combined total value = 64,005,900,000
Strike 3080 has a total call value of 35,051,450,000 versus a total put value of 31,870,300,000 Combined total value = 66,921,750,000
Strike 3100 has a total call value of 42,719,600,000 versus a total put value of 29,092,350,000 Combined total value = 71,811,950,000
Strike 3120 has a total call value of 54,131,000,000 versus a total put value of 26,857,950,000 Combined total value = 80,988,950,000
Strike 3140 has a total call value of 66,314,500,000 versus a total put value of 24,788,750,000 Combined total value = 91,103,250,000
Strike 3160 has a total call value of 79,156,350,000 versus a total put value of 22,828,750,000 Combined total value = 101,985,100,000
Strike 3180 has a total call value of 92,726,200,000 versus a total put value of 20,950,650,000 Combined total value = 113,676,850,000
Strike 3200 has a total call value of 106,905,050,000 versus a total put value of 19,119,450,000 Combined total value = 126,024,500,000
Strike 3220 has a total call value of 125,181,700,000 versus a total put value of 17,629,850,000 Combined total value = 142,811,550,000
Strike 3240 has a total call value of 144,007,150,000 versus a total put value of 16,157,750,000 Combined total value = 160,164,900,000
Strike 3260 has a total call value of 163,440,550,000 versus a total put value of 14,721,000,000 Combined total value = 178,161,550,000
Strike 3280 has a total call value of 183,285,550,000 versus a total put value of 13,300,000,000 Combined total value = 196,585,550,000
Strike 3300 has a total call value of 203,287,700,000 versus a total put value of 11,879,000,000 Combined total value = 215,166,700,000
Strike 3320 has a total call value of 224,737,450,000 versus a total put value of 10,807,300,000 Combined total value = 235,544,750,000
Strike 3340 has a total call value of 246,718,150,000 versus a total put value of 9,740,850,000 Combined total value = 256,459,000,000
Strike 3360 has a total call value of 269,355,800,000 versus a total put value of 8,685,600,000 Combined total value = 278,041,400,000
Strike 3380 has a total call value of 292,206,600,000 versus a total put value of 7,633,850,000 Combined total value = 299,840,450,000
Strike 3400 has a total call value of 315,118,650,000 versus a total put value of 6,582,100,000 Combined total value = 321,700,750,000
Strike 3420 has a total call value of 338,827,650,000 versus a total put value of 5,944,400,000 Combined total value = 344,772,050,000
Strike 3440 has a total call value of 362,618,200,000 versus a total put value of 5,306,700,000 Combined total value = 367,924,900,000
Strike 3460 has a total call value of 386,481,550,000 versus a total put value of 4,678,100,000 Combined total value = 391,159,650,000
Strike 3480 has a total call value of 410,344,900,000 versus a total put value of 4,049,500,000 Combined total value = 414,394,400,000
Strike 3500 has a total call value of 434,333,200,000 versus a total put value of 3,420,900,000 Combined total value = 437,754,100,000
Strike 3520 has a total call value of 458,321,500,000 versus a total put value of 2,792,300,000 Combined total value = 461,113,800,000
Strike 3540 has a total call value of 482,432,300,000 versus a total put value of 2,192,400,000 Combined total value = 484,624,700,000
Strike 3560 has a total call value of 506,543,100,000 versus a total put value of 1,592,500,000 Combined total value = 508,135,600,000
Strike 3580 has a total call value of 530,729,150,000 versus a total put value of 1,022,350,000 Combined total value = 531,751,500,000
Strike 3600 has a total call value of 554,915,200,000 versus a total put value of 452,200,000 Combined total value = 555,367,400,000
Strike 3620 has a total call value of 579,330,500,000 versus a total put value of 226,100,000 Combined total value = 579,556,600,000
Strike 3640 has a total call value of 603,745,800,000 versus a total put value of 0 Combined total value = 603,745,800,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1185.7 | 1140 |
| ABB | 5181 | 5200 |
| ABCAPITAL | 306.15 | 300 |
| ADANIENSOL | 944.25 | 930 |
| ADANIENT | 2504.2 | 2560 |
| ADANIGREEN | 1031.1 | 1060 |
| ADANIPORTS | 1429 | 1440 |
| ALKEM | 5545 | 5550 |
| AMBER | 8321.5 | 8200 |
| AMBUJACEM | 555 | 580 |
| ANGELONE | 2514.5 | 2400 |
| APLAPOLLO | 1754.4 | 1720 |
| APOLLOHOSP | 7837.5 | 7800 |
| ASHOKLEY | 136.35 | 137.5 |
| ASIANPAINT | 2501.6 | 2440 |
| ASTRAL | 1430.8 | 1440 |
| AUBANK | 860.35 | 840 |
| AUROPHARMA | 1085 | 1100 |
| AXISBANK | 1241.9 | 1190 |
| BAJAJ-AUTO | 9076.5 | 9000 |
| BAJAJFINSV | 2159.5 | 2080 |
| BAJFINANCE | 1089.75 | 1050 |
| BANDHANBNK | 170 | 165 |
| BANKBARODA | 266.2 | 260 |
| BANKINDIA | 133.9 | 130 |
| BDL | 1544 | 1550 |
| BEL | 422.05 | 410 |
| BHARATFORG | 1283.9 | 1260 |
| BHARTIARTL | 2029.3 | 1960 |
| BHEL | 230.94 | 237.5 |
| BIOCON | 359.5 | 360 |
| BLUESTARCO | 2006 | 1960 |
| BOSCHLTD | 38585 | 39000 |
| BPCL | 330.45 | 335 |
| BRITANNIA | 6053 | 6000 |
| BSE | 2475 | 2400 |
| CAMS | 3880.2 | 3900 |
| CANBK | 125.7 | 125 |
| CDSL | 1590.2 | 1580 |
| CGPOWER | 723.85 | 750 |
| CHOLAFIN | 1733.6 | 1660 |
| CIPLA | 1584.4 | 1590 |
| COALINDIA | 394.05 | 390 |
| COFORGE | 1760 | 1700 |
| COLPAL | 2239.4 | 2260 |
| CONCOR | 536.9 | 540 |
| CROMPTON | 293.35 | 300 |
| CUMMINSIND | 4183.2 | 4100 |
| CYIENT | 1185.6 | 1180 |
| DABUR | 508.45 | 500 |
| DALBHARAT | 2098.4 | 2140 |
| DELHIVERY | 466.9 | 465 |
| DIVISLAB | 6593 | 6400 |
| DIXON | 15490 | 16000 |
| DLF | 772.45 | 760 |
| DMART | 4213.9 | 4300 |
| DRREDDY | 1283.6 | 1270 |
| EICHERMOT | 6840 | 6900 |
| ETERNAL | 326.6 | 330 |
| EXIDEIND | 388.7 | 400 |
| FEDERALBNK | 227.4 | 220 |
| FORTIS | 1037.3 | 1040 |
| GAIL | 181.02 | 180 |
| GLENMARK | 1818.8 | 1900 |
| GMRAIRPORT | 93.2 | 91 |
| GODREJCP | 1130.4 | 1140 |
| GODREJPROP | 2287.8 | 2200 |
| GRASIM | 2841.3 | 2820 |
| HAL | 4814.2 | 4800 |
| HAVELLS | 1494.9 | 1500 |
| HCLTECH | 1523.8 | 1500 |
| HDFCAMC | 5543.5 | 5650 |
| HDFCBANK | 994.75 | 990 |
| HDFCLIFE | 734.95 | 750 |
| HEROMOTOCO | 5540.5 | 5550 |
| HFCL | 77.74 | 75 |
| HINDALCO | 824.45 | 800 |
| HINDPETRO | 438.45 | 440 |
| HINDUNILVR | 2516.4 | 2540 |
| HINDZINC | 486.7 | 490 |
| HUDCO | 226.85 | 230 |
| ICICIBANK | 1377.7 | 1390 |
| ICICIGI | 1993.9 | 1960 |
| ICICIPRULI | 601.95 | 600 |
| IDEA | 9.62 | 9 |
| IDFCFIRSTB | 78.2 | 75 |
| IEX | 147.05 | 142.5 |
| IGL | 211.16 | 215 |
| IIFL | 489.8 | 480 |
| INDHOTEL | 735.9 | 740 |
| INDIANB | 820.05 | 800 |
| INDIGO | 5779 | 5750 |
| INDUSINDBK | 755.05 | 750 |
| INDUSTOWER | 361.55 | 355 |
| INFY | 1525.4 | 1480 |
| INOXWIND | 154.08 | 150 |
| IOC | 150.37 | 152 |
| IRCTC | 714.8 | 720 |
| IREDA | 153.4 | 155 |
| IRFC | 123.73 | 125 |
| ITC | 416.8 | 410 |
| JINDALSTEL | 1008.2 | 1030 |
| JIOFIN | 305.95 | 310 |
| JSWENERGY | 531.15 | 530 |
| JSWSTEEL | 1141.4 | 1150 |
| JUBLFOOD | 590.55 | 600 |
| KALYANKJIL | 495.3 | 490 |
| KAYNES | 6689 | 7000 |
| KEI | 4125.7 | 4200 |
| KFINTECH | 1149.4 | 1140 |
| KOTAKBANK | 2187 | 2140 |
| KPITTECH | 1178.7 | 1180 |
| LAURUSLABS | 926.4 | 900 |
| LICHSGFIN | 579.5 | 580 |
| LICI | 889.65 | 900 |
| LODHA | 1172.9 | 1160 |
| LT | 3904.9 | 3800 |
| LTF | 267 | 262.5 |
| LTIM | 5546 | 5550 |
| LUPIN | 1931.2 | 1960 |
| M&M | 3625 | 3550 |
| MANAPPURAM | 279.95 | 285 |
| MANKIND | 2432.4 | 2450 |
| MARICO | 725.85 | 720 |
| MARUTI | 16274 | 16100 |
| MAXHEALTH | 1184.1 | 1180 |
| MAZDOCK | 2805.5 | 2850 |
| MCX | 9003.5 | 9000 |
| MFSL | 1518 | 1560 |
| MOTHERSON | 106.25 | 106 |
| MPHASIS | 2818.9 | 2800 |
| MUTHOOTFIN | 3163.1 | 3200 |
| NATIONALUM | 236.1 | 230 |
| NAUKRI | 1377.8 | 1380 |
| NBCC | 111.69 | 111 |
| NCC | 209.56 | 210 |
| NESTLEIND | 1282 | 1230 |
| NHPC | 84.79 | 86 |
| NMDC | 74.19 | 76 |
| NTPC | 339.6 | 340 |
| NUVAMA | 7176 | 7000 |
| NYKAA | 250.59 | 255 |
| OBEROIRLTY | 1699.9 | 1660 |
| OFSS | 8565 | 8700 |
| OIL | 419.5 | 420 |
| ONGC | 254.96 | 250 |
| PAGEIND | 41025 | 41500 |
| PATANJALI | 580.95 | 590 |
| PAYTM | 1287 | 1260 |
| PERSISTENT | 5826 | 5600 |
| PETRONET | 281.05 | 285 |
| PFC | 393.6 | 410 |
| PGEL | 575.95 | 560 |
| PHOENIXLTD | 1680.7 | 1660 |
| PIDILITIND | 1507.1 | 1510 |
| PIIND | 3583.2 | 3600 |
| PNB | 116.94 | 117 |
| PNBHOUSING | 907.3 | 890 |
| POLICYBZR | 1685.7 | 1700 |
| POLYCAB | 7513 | 7500 |
| POWERGRID | 288.5 | 290 |
| POWERINDIA | 16767 | 17250 |
| PPLPHARMA | 202.37 | 200 |
| PRESTIGE | 1754.1 | 1680 |
| RBLBANK | 315.95 | 295 |
| RECLTD | 372.6 | 380 |
| RELIANCE | 1451.6 | 1420 |
| RVNL | 329.45 | 340 |
| SAIL | 129.46 | 132 |
| SAMMAANCAP | 188.25 | 170 |
| SBICARD | 928.95 | 920 |
| SBILIFE | 1839.8 | 1800 |
| SBIN | 904.5 | 885 |
| SHREECEM | 28705 | 29000 |
| SHRIRAMFIN | 715.45 | 680 |
| SIEMENS | 3152.2 | 3150 |
| SILVER | 147150 | 150000 |
| SILVERM | 149325 | 150000 |
| SOLARINDS | 14017 | 14000 |
| SONACOMS | 478.7 | 460 |
| SRF | 3082 | 3100 |
| SUNPHARMA | 1699 | 1680 |
| SUPREMEIND | 4003.7 | 4150 |
| SUZLON | 53.82 | 55 |
| SYNGENE | 659.85 | 640 |
| TATACONSUM | 1155.3 | 1150 |
| TATAELXSI | 5544 | 5400 |
| TATAMOTORS | 0 | 360 |
| TATAPOWER | 396.85 | 400 |
| TATASTEEL | 174.44 | 175 |
| TATATECH | 689.65 | 700 |
| TCS | 3063.2 | 3020 |
| TECHM | 1453.7 | 1460 |
| TIINDIA | 3159.2 | 3200 |
| TITAGARH | 874.7 | 900 |
| TITAN | 3714.9 | 3600 |
| TMPV | 403.3 | 400 |
| TORNTPHARM | 3581.4 | 3550 |
| TORNTPOWER | 1325.8 | 1300 |
| TRENT | 4789.6 | 4800 |
| TVSMOTOR | 3599.8 | 3550 |
| ULTRACEMCO | 11918 | 12200 |
| UNIONBANK | 141.77 | 140 |
| UNITDSPR | 1357.4 | 1350 |
| UNOMINDA | 1192 | 1240 |
| UPL | 672.05 | 680 |
| VBL | 461.4 | 460 |
| VEDL | 495.6 | 480 |
| VOLTAS | 1441.4 | 1400 |
| WIPRO | 242.98 | 245 |
| YESBANK | 22.67 | 23 |
| ZYDUSLIFE | 1004.9 | 1000 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
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.
