TCS
Tata Consultancy Serv Lt
Max pain for TCS
17 Aug 2025 12:54 AM IST
Max Pain for TCS is 3000
Strike 2600 has a total call value of 0 versus a total put value of 34,724,900,000 Combined total value = 34,724,900,000
Strike 2620 has a total call value of 0 versus a total put value of 33,089,700,000 Combined total value = 33,089,700,000
Strike 2640 has a total call value of 0 versus a total put value of 31,454,500,000 Combined total value = 31,454,500,000
Strike 2660 has a total call value of 0 versus a total put value of 29,819,300,000 Combined total value = 29,819,300,000
Strike 2680 has a total call value of 0 versus a total put value of 28,184,100,000 Combined total value = 28,184,100,000
Strike 2700 has a total call value of 0 versus a total put value of 26,548,900,000 Combined total value = 26,548,900,000
Strike 2720 has a total call value of 0 versus a total put value of 24,913,700,000 Combined total value = 24,913,700,000
Strike 2740 has a total call value of 0 versus a total put value of 23,305,100,000 Combined total value = 23,305,100,000
Strike 2760 has a total call value of 0 versus a total put value of 21,696,500,000 Combined total value = 21,696,500,000
Strike 2780 has a total call value of 0 versus a total put value of 20,087,900,000 Combined total value = 20,087,900,000
Strike 2800 has a total call value of 0 versus a total put value of 18,479,300,000 Combined total value = 18,479,300,000
Strike 2820 has a total call value of 21,000,000 versus a total put value of 17,055,150,000 Combined total value = 17,076,150,000
Strike 2840 has a total call value of 42,000,000 versus a total put value of 15,631,000,000 Combined total value = 15,673,000,000
Strike 2860 has a total call value of 63,000,000 versus a total put value of 14,206,850,000 Combined total value = 14,269,850,000
Strike 2880 has a total call value of 84,000,000 versus a total put value of 12,782,700,000 Combined total value = 12,866,700,000
Strike 2900 has a total call value of 105,000,000 versus a total put value of 11,391,100,000 Combined total value = 11,496,100,000
Strike 2920 has a total call value of 126,000,000 versus a total put value of 10,167,500,000 Combined total value = 10,293,500,000
Strike 2940 has a total call value of 147,000,000 versus a total put value of 8,943,900,000 Combined total value = 9,090,900,000
Strike 2960 has a total call value of 168,000,000 versus a total put value of 7,733,950,000 Combined total value = 7,901,950,000
Strike 2980 has a total call value of 189,000,000 versus a total put value of 6,573,350,000 Combined total value = 6,762,350,000
Strike 3000 has a total call value of 210,000,000 versus a total put value of 5,433,400,000 Combined total value = 5,643,400,000
Strike 3020 has a total call value of 792,750,000 versus a total put value of 4,871,650,000 Combined total value = 5,664,400,000
Strike 3040 has a total call value of 1,378,300,000 versus a total put value of 4,313,750,000 Combined total value = 5,692,050,000
Strike 3060 has a total call value of 1,995,700,000 versus a total put value of 3,800,300,000 Combined total value = 5,796,000,000
Strike 3080 has a total call value of 2,656,500,000 versus a total put value of 3,286,850,000 Combined total value = 5,943,350,000
Strike 3100 has a total call value of 3,345,650,000 versus a total put value of 2,773,400,000 Combined total value = 6,119,050,000
Strike 3120 has a total call value of 4,457,600,000 versus a total put value of 2,388,050,000 Combined total value = 6,845,650,000
Strike 3140 has a total call value of 5,569,550,000 versus a total put value of 2,020,200,000 Combined total value = 7,589,750,000
Strike 3160 has a total call value of 6,785,450,000 versus a total put value of 1,669,500,000 Combined total value = 8,454,950,000
Strike 3180 has a total call value of 8,019,550,000 versus a total put value of 1,318,800,000 Combined total value = 9,338,350,000
Strike 3200 has a total call value of 9,253,650,000 versus a total put value of 969,150,000 Combined total value = 10,222,800,000
Strike 3220 has a total call value of 11,129,650,000 versus a total put value of 823,900,000 Combined total value = 11,953,550,000
Strike 3240 has a total call value of 13,018,600,000 versus a total put value of 678,650,000 Combined total value = 13,697,250,000
Strike 3260 has a total call value of 14,911,400,000 versus a total put value of 533,400,000 Combined total value = 15,444,800,000
Strike 3280 has a total call value of 16,808,750,000 versus a total put value of 388,150,000 Combined total value = 17,196,900,000
Strike 3300 has a total call value of 18,751,950,000 versus a total put value of 242,900,000 Combined total value = 18,994,850,000
Strike 3320 has a total call value of 20,942,600,000 versus a total put value of 211,400,000 Combined total value = 21,154,000,000
Strike 3340 has a total call value of 23,133,250,000 versus a total put value of 179,900,000 Combined total value = 23,313,150,000
Strike 3360 has a total call value of 25,323,900,000 versus a total put value of 148,400,000 Combined total value = 25,472,300,000
Strike 3380 has a total call value of 27,514,550,000 versus a total put value of 116,900,000 Combined total value = 27,631,450,000
Strike 3400 has a total call value of 29,705,200,000 versus a total put value of 85,400,000 Combined total value = 29,790,600,000
Strike 3420 has a total call value of 32,212,950,000 versus a total put value of 75,950,000 Combined total value = 32,288,900,000
Strike 3440 has a total call value of 34,720,700,000 versus a total put value of 66,500,000 Combined total value = 34,787,200,000
Strike 3460 has a total call value of 37,228,450,000 versus a total put value of 57,400,000 Combined total value = 37,285,850,000
Strike 3480 has a total call value of 39,736,200,000 versus a total put value of 48,300,000 Combined total value = 39,784,500,000
Strike 3500 has a total call value of 42,243,950,000 versus a total put value of 39,200,000 Combined total value = 42,283,150,000
Strike 3520 has a total call value of 44,751,700,000 versus a total put value of 30,100,000 Combined total value = 44,781,800,000
Strike 3540 has a total call value of 47,259,450,000 versus a total put value of 21,350,000 Combined total value = 47,280,800,000
Strike 3560 has a total call value of 49,767,200,000 versus a total put value of 12,600,000 Combined total value = 49,779,800,000
Strike 3580 has a total call value of 52,274,950,000 versus a total put value of 11,900,000 Combined total value = 52,286,850,000
Strike 3600 has a total call value of 54,782,700,000 versus a total put value of 11,200,000 Combined total value = 54,793,900,000
Strike 3620 has a total call value of 57,801,100,000 versus a total put value of 10,500,000 Combined total value = 57,811,600,000
Strike 3640 has a total call value of 60,819,500,000 versus a total put value of 9,800,000 Combined total value = 60,829,300,000
Strike 3660 has a total call value of 63,837,900,000 versus a total put value of 9,100,000 Combined total value = 63,847,000,000
Strike 3680 has a total call value of 66,856,300,000 versus a total put value of 8,400,000 Combined total value = 66,864,700,000
Strike 3700 has a total call value of 69,874,700,000 versus a total put value of 7,700,000 Combined total value = 69,882,400,000
Strike 3720 has a total call value of 72,893,100,000 versus a total put value of 7,000,000 Combined total value = 72,900,100,000
Strike 3740 has a total call value of 75,911,500,000 versus a total put value of 6,300,000 Combined total value = 75,917,800,000
Strike 3760 has a total call value of 78,929,900,000 versus a total put value of 5,600,000 Combined total value = 78,935,500,000
Strike 3780 has a total call value of 81,948,300,000 versus a total put value of 4,900,000 Combined total value = 81,953,200,000
Strike 3800 has a total call value of 84,966,700,000 versus a total put value of 4,200,000 Combined total value = 84,970,900,000
Strike 3840 has a total call value of 91,003,500,000 versus a total put value of 2,800,000 Combined total value = 91,006,300,000
Strike 3880 has a total call value of 97,040,300,000 versus a total put value of 1,400,000 Combined total value = 97,041,700,000
Strike 3920 has a total call value of 103,077,100,000 versus a total put value of 0 Combined total value = 103,077,100,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1087.4 | 940 |
| ABB | 5022 | 5100 |
| ABCAPITAL | 281 | 270 |
| ADANIENSOL | 788.65 | 800 |
| ADANIENT | 2272 | 2400 |
| ADANIGREEN | 931.25 | 900 |
| ADANIPORTS | 1315.4 | 1340 |
| ALKEM | 5422 | 5200 |
| AMBER | 7229 | 6400 |
| AMBUJACEM | 572.8 | 560 |
| ANGELONE | 2339.1 | 2600 |
| APLAPOLLO | 1628.9 | 1520 |
| APOLLOHOSP | 7793.5 | 7700 |
| ASHOKLEY | 131.37 | 120 |
| ASIANPAINT | 2481.4 | 2500 |
| ASTRAL | 1390.1 | 1300 |
| AUBANK | 745.25 | 780 |
| AUROPHARMA | 1045.6 | 1100 |
| AXISBANK | 1050.1 | 1080 |
| BAJAJ-AUTO | 8691.5 | 8300 |
| BAJAJFINSV | 1924.2 | 1900 |
| BAJFINANCE | 876.25 | 880 |
| BANDHANBNK | 165.86 | 165 |
| BANKBARODA | 235.14 | 245 |
| BANKINDIA | 112.38 | 115 |
| BDL | 1477.6 | 1600 |
| BEL | 365.85 | 390 |
| BHARATFORG | 1122.3 | 1200 |
| BHARTIARTL | 1904.7 | 1880 |
| BHEL | 211.5 | 225 |
| BIOCON | 358.3 | 360 |
| BLUESTARCO | 1865 | 1700 |
| BOSCHLTD | 39510 | 38000 |
| BPCL | 312.1 | 320 |
| BRITANNIA | 5765.5 | 5400 |
| BSE | 2215.6 | 2450 |
| CAMS | 3726.2 | 3800 |
| CANBK | 106.01 | 110 |
| CDSL | 1492.1 | 1600 |
| CGPOWER | 671.3 | 650 |
| CHOLAFIN | 1476.2 | 1500 |
| CIPLA | 1579.8 | 1540 |
| COALINDIA | 372.45 | 380 |
| COFORGE | 1739.3 | 1600 |
| COLPAL | 2284.1 | 2200 |
| CONCOR | 528.45 | 550 |
| CROMPTON | 324.95 | 320 |
| CUMMINSIND | 3836.5 | 3800 |
| CYIENT | 1202.6 | 1100 |
| DABUR | 522.4 | 500 |
| DALBHARAT | 2358.2 | 2600 |
| DELHIVERY | 478.5 | 460 |
| DIVISLAB | 6190.5 | 6400 |
| DIXON | 16668 | 16000 |
| DLF | 754.6 | 760 |
| DMART | 4716.4 | 4300 |
| DRREDDY | 1263.2 | 1200 |
| EICHERMOT | 6151 | 5700 |
| ETERNAL | 317.9 | 310 |
| EXIDEIND | 396.8 | 380 |
| FEDERALBNK | 192.46 | 200 |
| FORTIS | 916 | 900 |
| GAIL | 171.64 | 175 |
| GLENMARK | 1950.7 | 1760 |
| GMRAIRPORT | 88.7 | 90 |
| GODREJCP | 1258.6 | 1200 |
| GODREJPROP | 2007.1 | 2000 |
| GRASIM | 2796.2 | 2700 |
| HAL | 4383.6 | 4500 |
| HAVELLS | 1517.9 | 1500 |
| HCLTECH | 1492.8 | 1500 |
| HDFCAMC | 5759.5 | 5400 |
| HDFCBANK | 973.4 | 2000 |
| HDFCLIFE | 776.6 | 780 |
| HEROMOTOCO | 5073.4 | 4600 |
| HFCL | 71.82 | 70 |
| HINDALCO | 705.7 | 700 |
| HINDPETRO | 382.95 | 389.5 |
| HINDUNILVR | 2692.6 | 2500 |
| HINDZINC | 430.15 | 420 |
| HUDCO | 207.88 | 210 |
| ICICIBANK | 1416.6 | 1420 |
| ICICIGI | 1872.7 | 1880 |
| ICICIPRULI | 616.3 | 600 |
| IDEA | 6.71 | 7 |
| IDFCFIRSTB | 68.76 | 70 |
| IEX | 141.26 | 140 |
| IGL | 207.58 | 210 |
| IIFL | 450.35 | 400 |
| INDHOTEL | 769.05 | 760 |
| INDIANB | 655.9 | 600 |
| INDIGO | 6050 | 6000 |
| INDUSINDBK | 756.4 | 800 |
| INDUSTOWER | 342.55 | 340 |
| INFY | 1529.6 | 1460 |
| INOXWIND | 142.03 | 140 |
| IOC | 138.96 | 140 |
| IRCTC | 717.25 | 760 |
| IREDA | 144.17 | 150 |
| IRFC | 121.2 | 125 |
| ITC | 403.35 | 420 |
| JINDALSTEL | 977.15 | 1000 |
| JIOFIN | 315.75 | 320 |
| JSWENERGY | 513.1 | 500 |
| JSWSTEEL | 1047.1 | 1030 |
| JUBLFOOD | 640.8 | 630 |
| KALYANKJIL | 498.4 | 520 |
| KAYNES | 6197.5 | 6000 |
| KEI | 3874.8 | 3600 |
| KFINTECH | 1054.1 | 900 |
| KOTAKBANK | 1965.7 | 2000 |
| KPITTECH | 1200.1 | 1340 |
| LAURUSLABS | 868.65 | 850 |
| LICHSGFIN | 560.4 | 580 |
| LICI | 888.35 | 900 |
| LODHA | 1236.8 | 1400 |
| LT | 3541.3 | 3650 |
| LTF | 220 | 200 |
| LTIM | 5165.5 | 5400 |
| LUPIN | 1924.6 | 1900 |
| M&M | 3330.8 | 3300 |
| MANAPPURAM | 266.9 | 260 |
| MANKIND | 2502 | 2500 |
| MARICO | 717.75 | 700 |
| MARUTI | 14714 | 12800 |
| MAXHEALTH | 1183.4 | 1240 |
| MAZDOCK | 2687.8 | 2700 |
| MCX | 7692 | 8000 |
| MFSL | 1622.8 | 1560 |
| MOTHERSON | 92.96 | 95 |
| MPHASIS | 2873.2 | 2600 |
| MUTHOOTFIN | 2673.1 | 2500 |
| NATIONALUM | 186.02 | 190 |
| NAUKRI | 1395.7 | 1360 |
| NBCC | 100.89 | 110 |
| NCC | 211.98 | 220 |
| NESTLEIND | 1162.2 | 1100 |
| NHPC | 79.84 | 85 |
| NMDC | 69.88 | 70 |
| NTPC | 333.2 | 350 |
| NYKAA | 231.65 | 215 |
| OBEROIRLTY | 1638.2 | 1400 |
| OFSS | 8530.5 | 8500 |
| OIL | 398.9 | 400 |
| ONGC | 234.19 | 235 |
| PAGEIND | 45505 | 42000 |
| PATANJALI | 1799.3 | 1800 |
| PAYTM | 1253.1 | 1160 |
| PERSISTENT | 5376.5 | 5000 |
| PETRONET | 268.8 | 280 |
| PFC | 388.55 | 420 |
| PGEL | 557.25 | 600 |
| PHOENIXLTD | 1559.5 | 1400 |
| PIDILITIND | 3100.4 | 3100 |
| PIIND | 3787.2 | 3800 |
| PNB | 102.77 | 108 |
| PNBHOUSING | 782.9 | 1000 |
| POLICYBZR | 1835.1 | 1800 |
| POLYCAB | 7064 | 6800 |
| POWERGRID | 279.9 | 290 |
| PPLPHARMA | 189.36 | 190 |
| PRESTIGE | 1609 | 1620 |
| RBLBANK | 255.4 | 230 |
| RECLTD | 363.55 | 390 |
| RELIANCE | 1384.9 | 1400 |
| RVNL | 312.7 | 320 |
| SAIL | 119.94 | 125 |
| SBICARD | 815.7 | 900 |
| SBILIFE | 1816.6 | 1840 |
| SBIN | 807.85 | 820 |
| SHREECEM | 30110 | 30000 |
| SHRIRAMFIN | 594.7 | 600 |
| SIEMENS | 3048 | 3100 |
| SOLARINDS | 14233 | 15000 |
| SONACOMS | 453.7 | 440 |
| SRF | 2849.2 | 2800 |
| SUNPHARMA | 1600.3 | 1600 |
| SUPREMEIND | 4574.4 | 4200 |
| SYNGENE | 648.8 | 660 |
| TATACHEM | 935.3 | 960 |
| TATACONSUM | 1079.9 | 1100 |
| TATAELXSI | 5478.5 | 7000 |
| TATAMOTORS | 681.65 | 680 |
| TATAPOWER | 377.75 | 385 |
| TATASTEEL | 155.03 | 160 |
| TATATECH | 679.15 | 700 |
| TCS | 3157.2 | 3000 |
| TECHM | 1502.2 | 1500 |
| TIINDIA | 3028.4 | 3000 |
| TITAGARH | 869.3 | 780 |
| TITAN | 3594 | 3400 |
| TORNTPHARM | 3604.8 | 3700 |
| TORNTPOWER | 1270.2 | 1240 |
| TRENT | 5295 | 5400 |
| TVSMOTOR | 3272.3 | 3000 |
| ULTRACEMCO | 12610 | 11600 |
| UNIONBANK | 129.67 | 135 |
| UNITDSPR | 1302.8 | 1400 |
| UNOMINDA | 1276.8 | 1100 |
| UPL | 723.1 | 700 |
| VBL | 508.55 | 500 |
| VEDL | 428.2 | 440 |
| VOLTAS | 1347.3 | 1300 |
| WIPRO | 252.03 | 245 |
| YESBANK | 18.95 | 20 |
| ZYDUSLIFE | 987.85 | 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.
