TCS
Tata Consultancy Serv Lt
Max pain for TCS
22 Sep 2025 08:00 PM ISTNext Refresh in
Max Pain for TCS is 3120
Strike 2560 has a total call value of 0 versus a total put value of 405,636,700,000 Combined total value = 405,636,700,000
Strike 2580 has a total call value of 0 versus a total put value of 389,386,200,000 Combined total value = 389,386,200,000
Strike 2600 has a total call value of 0 versus a total put value of 373,135,700,000 Combined total value = 373,135,700,000
Strike 2620 has a total call value of 0 versus a total put value of 356,972,000,000 Combined total value = 356,972,000,000
Strike 2640 has a total call value of 0 versus a total put value of 340,808,300,000 Combined total value = 340,808,300,000
Strike 2660 has a total call value of 0 versus a total put value of 324,658,600,000 Combined total value = 324,658,600,000
Strike 2680 has a total call value of 0 versus a total put value of 308,508,900,000 Combined total value = 308,508,900,000
Strike 2700 has a total call value of 0 versus a total put value of 292,392,800,000 Combined total value = 292,392,800,000
Strike 2720 has a total call value of 0 versus a total put value of 276,276,700,000 Combined total value = 276,276,700,000
Strike 2740 has a total call value of 0 versus a total put value of 260,505,000,000 Combined total value = 260,505,000,000
Strike 2760 has a total call value of 0 versus a total put value of 244,733,300,000 Combined total value = 244,733,300,000
Strike 2780 has a total call value of 0 versus a total put value of 229,233,200,000 Combined total value = 229,233,200,000
Strike 2800 has a total call value of 0 versus a total put value of 213,834,600,000 Combined total value = 213,834,600,000
Strike 2820 has a total call value of 51,800,000 versus a total put value of 199,121,650,000 Combined total value = 199,173,450,000
Strike 2840 has a total call value of 103,600,000 versus a total put value of 184,671,200,000 Combined total value = 184,774,800,000
Strike 2860 has a total call value of 155,400,000 versus a total put value of 170,318,750,000 Combined total value = 170,474,150,000
Strike 2880 has a total call value of 207,200,000 versus a total put value of 156,103,150,000 Combined total value = 156,310,350,000
Strike 2900 has a total call value of 259,000,000 versus a total put value of 142,091,250,000 Combined total value = 142,350,250,000
Strike 2920 has a total call value of 378,000,000 versus a total put value of 129,294,200,000 Combined total value = 129,672,200,000
Strike 2940 has a total call value of 497,000,000 versus a total put value of 116,664,100,000 Combined total value = 117,161,100,000
Strike 2960 has a total call value of 633,150,000 versus a total put value of 104,400,450,000 Combined total value = 105,033,600,000
Strike 2980 has a total call value of 787,850,000 versus a total put value of 92,735,300,000 Combined total value = 93,523,150,000
Strike 3000 has a total call value of 988,050,000 versus a total put value of 81,618,250,000 Combined total value = 82,606,300,000
Strike 3020 has a total call value of 1,761,550,000 versus a total put value of 72,569,700,000 Combined total value = 74,331,250,000
Strike 3040 has a total call value of 2,643,550,000 versus a total put value of 63,965,650,000 Combined total value = 66,609,200,000
Strike 3060 has a total call value of 3,794,000,000 versus a total put value of 56,587,650,000 Combined total value = 60,381,650,000
Strike 3080 has a total call value of 5,358,150,000 versus a total put value of 50,107,400,000 Combined total value = 55,465,550,000
Strike 3100 has a total call value of 7,501,550,000 versus a total put value of 44,264,150,000 Combined total value = 51,765,700,000
Strike 3120 has a total call value of 11,425,400,000 versus a total put value of 39,683,700,000 Combined total value = 51,109,100,000
Strike 3140 has a total call value of 16,168,250,000 versus a total put value of 35,614,600,000 Combined total value = 51,782,850,000
Strike 3160 has a total call value of 22,648,500,000 versus a total put value of 32,124,400,000 Combined total value = 54,772,900,000
Strike 3180 has a total call value of 30,457,700,000 versus a total put value of 29,033,900,000 Combined total value = 59,491,600,000
Strike 3200 has a total call value of 39,439,050,000 versus a total put value of 26,234,950,000 Combined total value = 65,674,000,000
Strike 3220 has a total call value of 52,579,800,000 versus a total put value of 24,347,750,000 Combined total value = 76,927,550,000
Strike 3240 has a total call value of 66,418,450,000 versus a total put value of 22,621,200,000 Combined total value = 89,039,650,000
Strike 3260 has a total call value of 81,714,850,000 versus a total put value of 20,979,000,000 Combined total value = 102,693,850,000
Strike 3280 has a total call value of 97,606,600,000 versus a total put value of 19,372,150,000 Combined total value = 116,978,750,000
Strike 3300 has a total call value of 113,951,600,000 versus a total put value of 17,790,850,000 Combined total value = 131,742,450,000
Strike 3320 has a total call value of 132,217,750,000 versus a total put value of 16,550,100,000 Combined total value = 148,767,850,000
Strike 3340 has a total call value of 150,739,050,000 versus a total put value of 15,341,200,000 Combined total value = 166,080,250,000
Strike 3360 has a total call value of 169,530,550,000 versus a total put value of 14,132,300,000 Combined total value = 183,662,850,000
Strike 3380 has a total call value of 188,525,050,000 versus a total put value of 12,944,050,000 Combined total value = 201,469,100,000
Strike 3400 has a total call value of 207,790,100,000 versus a total put value of 11,755,800,000 Combined total value = 219,545,900,000
Strike 3420 has a total call value of 228,328,450,000 versus a total put value of 10,964,100,000 Combined total value = 239,292,550,000
Strike 3440 has a total call value of 248,876,950,000 versus a total put value of 10,172,400,000 Combined total value = 259,049,350,000
Strike 3460 has a total call value of 269,772,300,000 versus a total put value of 9,380,700,000 Combined total value = 279,153,000,000
Strike 3480 has a total call value of 290,667,650,000 versus a total put value of 8,589,000,000 Combined total value = 299,256,650,000
Strike 3500 has a total call value of 311,826,550,000 versus a total put value of 7,797,300,000 Combined total value = 319,623,850,000
Strike 3520 has a total call value of 332,985,450,000 versus a total put value of 7,005,600,000 Combined total value = 339,991,050,000
Strike 3540 has a total call value of 354,353,650,000 versus a total put value of 6,342,350,000 Combined total value = 360,696,000,000
Strike 3560 has a total call value of 375,721,850,000 versus a total put value of 5,679,100,000 Combined total value = 381,400,950,000
Strike 3580 has a total call value of 397,109,650,000 versus a total put value of 5,054,350,000 Combined total value = 402,164,000,000
Strike 3600 has a total call value of 418,497,450,000 versus a total put value of 4,429,600,000 Combined total value = 422,927,050,000
Strike 3620 has a total call value of 440,760,600,000 versus a total put value of 4,152,750,000 Combined total value = 444,913,350,000
Strike 3640 has a total call value of 463,023,750,000 versus a total put value of 3,875,900,000 Combined total value = 466,899,650,000
Strike 3660 has a total call value of 485,299,850,000 versus a total put value of 3,599,050,000 Combined total value = 488,898,900,000
Strike 3680 has a total call value of 507,575,950,000 versus a total put value of 3,322,200,000 Combined total value = 510,898,150,000
Strike 3700 has a total call value of 529,852,050,000 versus a total put value of 3,045,350,000 Combined total value = 532,897,400,000
Strike 3720 has a total call value of 552,128,150,000 versus a total put value of 2,768,500,000 Combined total value = 554,896,650,000
Strike 3740 has a total call value of 574,404,250,000 versus a total put value of 2,491,650,000 Combined total value = 576,895,900,000
Strike 3760 has a total call value of 596,680,350,000 versus a total put value of 2,214,800,000 Combined total value = 598,895,150,000
Strike 3780 has a total call value of 618,995,650,000 versus a total put value of 1,937,950,000 Combined total value = 620,933,600,000
Strike 3800 has a total call value of 641,310,950,000 versus a total put value of 1,661,100,000 Combined total value = 642,972,050,000
Strike 3820 has a total call value of 663,626,250,000 versus a total put value of 1,384,250,000 Combined total value = 665,010,500,000
Strike 3840 has a total call value of 685,941,550,000 versus a total put value of 1,107,400,000 Combined total value = 687,048,950,000
Strike 3860 has a total call value of 708,256,850,000 versus a total put value of 830,550,000 Combined total value = 709,087,400,000
Strike 3880 has a total call value of 730,572,150,000 versus a total put value of 553,700,000 Combined total value = 731,125,850,000
Strike 3900 has a total call value of 752,887,450,000 versus a total put value of 276,850,000 Combined total value = 753,164,300,000
Strike 3920 has a total call value of 775,202,750,000 versus a total put value of 0 Combined total value = 775,202,750,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1050.4 | 1100 |
| ABB | 5362.8 | 5300 |
| ABCAPITAL | 288.15 | 290 |
| ADANIENSOL | 937.4 | 860 |
| ADANIENT | 2629.5 | 2500 |
| ADANIGREEN | 1152.15 | 1000 |
| ADANIPORTS | 1444.2 | 1400 |
| ALKEM | 5495 | 5500 |
| AMBER | 8310.5 | 8000 |
| AMBUJACEM | 590.3 | 585 |
| ANGELONE | 2248 | 2300 |
| APLAPOLLO | 1679.3 | 1680 |
| APOLLOHOSP | 7739 | 7800 |
| ASHOKLEY | 139.42 | 135 |
| ASIANPAINT | 2482.7 | 2500 |
| ASTRAL | 1438.4 | 1440 |
| AUBANK | 706.05 | 710 |
| AUROPHARMA | 1117.4 | 1100 |
| AXISBANK | 1144.4 | 1100 |
| BAJAJ-AUTO | 9054.5 | 9100 |
| BAJAJFINSV | 2069.5 | 2040 |
| BAJFINANCE | 1006.5 | 980 |
| BANDHANBNK | 163.19 | 165 |
| BANKBARODA | 251.14 | 245 |
| BANKINDIA | 120.53 | 117.5 |
| BDL | 1627.7 | 1550 |
| BEL | 406.4 | 400 |
| BHARATFORG | 1256 | 1220 |
| BHARTIARTL | 1956.2 | 1920 |
| BHEL | 239.6 | 230 |
| BIOCON | 362.15 | 365 |
| BLUESTARCO | 1996.8 | 1920 |
| BOSCHLTD | 39570 | 40000 |
| BPCL | 325.4 | 325 |
| BRITANNIA | 6056.5 | 6100 |
| BSE | 2156.2 | 2200 |
| CAMS | 4014 | 4000 |
| CANBK | 118.87 | 115 |
| CDSL | 1558.5 | 1580 |
| CGPOWER | 770.2 | 760 |
| CHOLAFIN | 1630 | 1540 |
| CIPLA | 1542.2 | 1560 |
| COALINDIA | 394.7 | 390 |
| COFORGE | 1716.9 | 1740 |
| COLPAL | 2344.8 | 2360 |
| CONCOR | 550.15 | 560 |
| CROMPTON | 308.75 | 320 |
| CUMMINSIND | 3990.1 | 4000 |
| CYIENT | 1194.8 | 1240 |
| DABUR | 522.05 | 540 |
| DALBHARAT | 2378.5 | 2400 |
| DELHIVERY | 467.9 | 475 |
| DIVISLAB | 6092.5 | 6100 |
| DIXON | 18082 | 18000 |
| DLF | 773.75 | 780 |
| DMART | 4671.2 | 4700 |
| DRREDDY | 1301.4 | 1300 |
| EICHERMOT | 6946 | 6700 |
| ETERNAL | 341.85 | 330 |
| EXIDEIND | 403.85 | 415 |
| FEDERALBNK | 195 | 197.5 |
| FORTIS | 966.25 | 950 |
| GAIL | 180.95 | 180 |
| GLENMARK | 2017.8 | 2060 |
| GMRAIRPORT | 91.17 | 90 |
| GODREJCP | 1232.2 | 1240 |
| GODREJPROP | 2103.7 | 2050 |
| GRASIM | 2854.1 | 2820 |
| HAL | 4808.7 | 4800 |
| HAVELLS | 1581.3 | 1600 |
| HCLTECH | 1439.9 | 1480 |
| HDFCAMC | 5827.5 | 5800 |
| HDFCBANK | 964.2 | 970 |
| HDFCLIFE | 787.8 | 780 |
| HEROMOTOCO | 5429.5 | 5350 |
| HFCL | 74.85 | 75 |
| HINDALCO | 745.7 | 740 |
| HINDPETRO | 412.75 | 405 |
| HINDUNILVR | 2572.2 | 2600 |
| HINDZINC | 459.25 | 450 |
| HUDCO | 239.96 | 225 |
| ICICIBANK | 1401.5 | 1410 |
| ICICIGI | 1886.3 | 1880 |
| ICICIPRULI | 609.5 | 610 |
| IDEA | 8.39 | 8 |
| IDFCFIRSTB | 70.92 | 72 |
| IEX | 146.09 | 147.5 |
| IGL | 211.56 | 215 |
| IIFL | 450.1 | 450 |
| INDHOTEL | 769.4 | 780 |
| INDIANB | 704.55 | 690 |
| INDIGO | 5747.5 | 5700 |
| INDUSINDBK | 734.3 | 750 |
| INDUSTOWER | 356 | 350 |
| INFY | 1499.5 | 1500 |
| INOXWIND | 152.43 | 150 |
| IOC | 148.3 | 145 |
| IRCTC | 727.1 | 730 |
| IREDA | 159.06 | 150 |
| IRFC | 128.54 | 127.5 |
| ITC | 406.95 | 410 |
| JINDALSTEL | 1032.45 | 1030 |
| JIOFIN | 313.85 | 320 |
| JSWENERGY | 542.95 | 530 |
| JSWSTEEL | 1117 | 1100 |
| JUBLFOOD | 622.8 | 630 |
| KALYANKJIL | 505.25 | 520 |
| KAYNES | 7083.5 | 7000 |
| KEI | 4131.4 | 4150 |
| KFINTECH | 1093.9 | 1150 |
| KOTAKBANK | 2021.7 | 2000 |
| KPITTECH | 1262.4 | 1280 |
| LAURUSLABS | 903.8 | 910 |
| LICHSGFIN | 587.3 | 580 |
| LICI | 904.5 | 890 |
| LODHA | 1212.3 | 1200 |
| LT | 3644.5 | 3600 |
| LTF | 248.09 | 240 |
| LTIM | 5260 | 5300 |
| LUPIN | 2004.4 | 2020 |
| M&M | 3584.8 | 3550 |
| MANAPPURAM | 293.9 | 285 |
| MANKIND | 2594.9 | 2600 |
| MARICO | 716.85 | 720 |
| MARUTI | 15816 | 15200 |
| MAXHEALTH | 1171.6 | 1160 |
| MAZDOCK | 2976.4 | 2900 |
| MCX | 7989.5 | 7900 |
| MFSL | 1556.7 | 1560 |
| MOTHERSON | 109.95 | 105 |
| MPHASIS | 2852.4 | 3000 |
| MUTHOOTFIN | 3047.6 | 2950 |
| NATIONALUM | 210.94 | 210 |
| NAUKRI | 1417.7 | 1380 |
| NBCC | 114.95 | 107.5 |
| NCC | 213.93 | 215 |
| NESTLEIND | 1188.3 | 1190 |
| NHPC | 87.73 | 85 |
| NMDC | 76.86 | 75 |
| NTPC | 339.2 | 335 |
| NUVAMA | 6280.5 | 6400 |
| NYKAA | 242.4 | 240 |
| OBEROIRLTY | 1673.9 | 1660 |
| OFSS | 9056.5 | 9100 |
| OIL | 409.25 | 400 |
| ONGC | 237.47 | 235 |
| PAGEIND | 43405 | 44000 |
| PATANJALI | 597.4 | 600 |
| PAYTM | 1196.2 | 1200 |
| PERSISTENT | 5271 | 5400 |
| PETRONET | 275.9 | 285 |
| PFC | 408.85 | 410 |
| PGEL | 561 | 560 |
| PHOENIXLTD | 1638.3 | 1580 |
| PIDILITIND | 3038 | 3080 |
| PIIND | 3668.9 | 3750 |
| PNB | 113.04 | 111 |
| PNBHOUSING | 859.05 | 840 |
| POLICYBZR | 1796.6 | 1800 |
| POLYCAB | 7657 | 7400 |
| POWERGRID | 286.65 | 290 |
| PPLPHARMA | 202.71 | 205 |
| PRESTIGE | 1617.4 | 1600 |
| RBLBANK | 269.7 | 260 |
| RECLTD | 384 | 380 |
| RELIANCE | 1390.6 | 1400 |
| RVNL | 358.9 | 350 |
| SAIL | 135.49 | 132.5 |
| SBICARD | 869.05 | 870 |
| SBILIFE | 1857.7 | 1840 |
| SBIN | 855.25 | 840 |
| SHREECEM | 29705 | 29750 |
| SHRIRAMFIN | 627.85 | 620 |
| SIEMENS | 3243.5 | 3250 |
| SOLARINDS | 14464 | 14500 |
| SONACOMS | 420.6 | 440 |
| SRF | 2914 | 2950 |
| SUNPHARMA | 1644 | 1600 |
| SUPREMEIND | 4371.9 | 4500 |
| SUZLON | 59.93 | 59 |
| SYNGENE | 655.3 | 660 |
| TATACHEM | 973.95 | 990 |
| TATACONSUM | 1130.1 | 1110 |
| TATAELXSI | 5607 | 5700 |
| TATAMOTORS | 696.25 | 710 |
| TATAPOWER | 395.3 | 395 |
| TATASTEEL | 171.39 | 170 |
| TATATECH | 702.25 | 710 |
| TCS | 3073.8 | 3120 |
| TECHM | 1505.4 | 1520 |
| TIINDIA | 3350.1 | 3300 |
| TITAGARH | 933.9 | 920 |
| TITAN | 3457.5 | 3550 |
| TORNTPHARM | 3655.9 | 3600 |
| TORNTPOWER | 1268.6 | 1280 |
| TRENT | 5010.5 | 5200 |
| TVSMOTOR | 3525.6 | 3400 |
| ULTRACEMCO | 12650 | 12600 |
| UNIONBANK | 138.81 | 137.5 |
| UNITDSPR | 1339.9 | 1320 |
| UNOMINDA | 1312.7 | 1300 |
| UPL | 682.8 | 700 |
| VBL | 463.95 | 480 |
| VEDL | 458.45 | 450 |
| VOLTAS | 1376.2 | 1400 |
| WIPRO | 250.33 | 250 |
| YESBANK | 21.21 | 20 |
| ZYDUSLIFE | 1035.7 | 1030 |
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.
