TATASTEEL
Tata Steel Limited
Max pain for TATASTEEL
21 Nov 2024 02:23 PM IST
Max Pain for TATASTEEL is 145
Strike 115 has a total call value of 0 versus a total put value of 317,814,750,000 Combined total value = 317,814,750,000
Strike 117.5 has a total call value of 0 versus a total put value of 290,543,000,000 Combined total value = 290,543,000,000
Strike 120 has a total call value of 0 versus a total put value of 263,271,250,000 Combined total value = 263,271,250,000
Strike 122.5 has a total call value of 45,375,000 versus a total put value of 236,755,750,000 Combined total value = 236,801,125,000
Strike 125 has a total call value of 90,750,000 versus a total put value of 210,269,125,000 Combined total value = 210,359,875,000
Strike 127.5 has a total call value of 138,875,000 versus a total put value of 184,839,875,000 Combined total value = 184,978,750,000
Strike 130 has a total call value of 207,625,000 versus a total put value of 159,577,000,000 Combined total value = 159,784,625,000
Strike 132.5 has a total call value of 680,625,000 versus a total put value of 136,457,750,000 Combined total value = 137,138,375,000
Strike 135 has a total call value of 1,421,750,000 versus a total put value of 114,193,750,000 Combined total value = 115,615,500,000
Strike 137.5 has a total call value of 3,199,625,000 versus a total put value of 94,179,250,000 Combined total value = 97,378,875,000
Strike 140 has a total call value of 5,578,375,000 versus a total put value of 76,082,875,000 Combined total value = 81,661,250,000
Strike 142.5 has a total call value of 11,598,125,000 versus a total put value of 63,702,375,000 Combined total value = 75,300,500,000
Strike 145 has a total call value of 19,815,125,000 versus a total put value of 52,159,250,000 Combined total value = 71,974,375,000
Strike 147.5 has a total call value of 33,116,875,000 versus a total put value of 42,785,875,000 Combined total value = 75,902,750,000
Strike 150 has a total call value of 49,343,250,000 versus a total put value of 33,947,375,000 Combined total value = 83,290,625,000
Strike 152.5 has a total call value of 74,651,500,000 versus a total put value of 27,258,000,000 Combined total value = 101,909,500,000
Strike 155 has a total call value of 102,753,750,000 versus a total put value of 21,173,625,000 Combined total value = 123,927,375,000
Strike 157.5 has a total call value of 142,663,125,000 versus a total put value of 16,357,000,000 Combined total value = 159,020,125,000
Strike 160 has a total call value of 185,384,375,000 versus a total put value of 11,885,500,000 Combined total value = 197,269,875,000
Strike 162.5 has a total call value of 238,877,375,000 versus a total put value of 8,835,750,000 Combined total value = 247,713,125,000
Strike 165 has a total call value of 293,935,125,000 versus a total put value of 5,934,500,000 Combined total value = 299,869,625,000
Strike 167.5 has a total call value of 353,010,625,000 versus a total put value of 4,131,875,000 Combined total value = 357,142,500,000
Strike 170 has a total call value of 412,766,750,000 versus a total put value of 2,329,250,000 Combined total value = 415,096,000,000
Strike 172.5 has a total call value of 476,082,750,000 versus a total put value of 1,491,875,000 Combined total value = 477,574,625,000
Strike 175 has a total call value of 539,803,000,000 versus a total put value of 654,500,000 Combined total value = 540,457,500,000
Strike 177.5 has a total call value of 605,138,875,000 versus a total put value of 327,250,000 Combined total value = 605,466,125,000
Strike 180 has a total call value of 670,800,625,000 versus a total put value of 0 Combined total value = 670,800,625,000
Strike 182.5 has a total call value of 738,038,125,000 versus a total put value of 0 Combined total value = 738,038,125,000
Strike 185 has a total call value of 805,275,625,000 versus a total put value of 0 Combined total value = 805,275,625,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.95 | 470 |
| ABB | 6762 | 7000 |
| ABBOTINDIA | 27048.2 | 28000 |
| ABCAPITAL | 184.19 | 200 |
| ABFRL | 284.95 | 300 |
| ACC | 2044 | 2220 |
| ADANIENT | 2297.85 | 2620 |
| ADANIPORTS | 1142 | 1200 |
| ALKEM | 5587.55 | 5500 |
| AMBUJACEM | 496.6 | 540 |
| APOLLOHOSP | 6719.8 | 6900 |
| APOLLOTYRE | 483.75 | 480 |
| ASHOKLEY | 217.65 | 220 |
| ASIANPAINT | 2428.05 | 2540 |
| ASTRAL | 1713.6 | 1780 |
| ATUL | 7254.2 | 7500 |
| AUBANK | 594.15 | 590 |
| AUROPHARMA | 1219.45 | 1300 |
| AXISBANK | 1141.6 | 1150 |
| BAJAJ-AUTO | 9479.4 | 9700 |
| BAJAJFINSV | 1573.65 | 1620 |
| BAJFINANCE | 6478.15 | 6700 |
| BALKRISIND | 2741.1 | 2800 |
| BANDHANBNK | 166.8 | 180 |
| BANKBARODA | 229.7 | 240 |
| BATAINDIA | 1280.25 | 1310 |
| BEL | 274.7 | 285 |
| BERGEPAINT | 466.4 | 495 |
| BHARATFORG | 1298.4 | 1340 |
| BHARTIARTL | 1521.15 | 1540 |
| BHEL | 227.8 | 235 |
| BIOCON | 324.6 | 330 |
| BOSCHLTD | 34070 | 34000 |
| BPCL | 282.45 | 300 |
| BRITANNIA | 4765 | 5000 |
| BSOFT | 545.15 | 560 |
| CANBK | 94.95 | 100 |
| CANFINHOME | 822.35 | 830 |
| CHAMBLFERT | 459.9 | 480 |
| CHOLAFIN | 1210.05 | 1240 |
| CIPLA | 1460.2 | 1520 |
| COALINDIA | 404.65 | 425 |
| COFORGE | 8209.55 | 8000 |
| COLPAL | 2687 | 2800 |
| CONCOR | 768.95 | 810 |
| COROMANDEL | 1777.95 | 1720 |
| CROMPTON | 381.3 | 390 |
| CUB | 170.59 | 175 |
| CUMMINSIND | 3294.2 | 3400 |
| DABUR | 503.65 | 525 |
| DALBHARAT | 1779.25 | 1760 |
| DEEPAKNTR | 2627.65 | 2650 |
| DIVISLAB | 5953.25 | 5900 |
| DIXON | 15038.75 | 14750 |
| DLF | 778.2 | 780 |
| DRREDDY | 1192.45 | 1220 |
| EICHERMOT | 4887.9 | 4900 |
| ESCORTS | 3451.45 | 3600 |
| EXIDEIND | 416.1 | 440 |
| FEDERALBNK | 211.04 | 205 |
| GAIL | 188.59 | 197.5 |
| GLENMARK | 1464.1 | 1520 |
| GMRINFRA | 77.2 | 82 |
| GNFC | 557.85 | 570 |
| GODREJCP | 1180.6 | 1200 |
| GODREJPROP | 2713.15 | 2750 |
| GRANULES | 546.6 | 580 |
| GRASIM | 2549.65 | 2540 |
| GUJGASLTD | 454.05 | 480 |
| HAL | 3993.6 | 4200 |
| HAVELLS | 1633.2 | 1640 |
| HCLTECH | 1833 | 1820 |
| HDFCAMC | 4217.35 | 4300 |
| HDFCBANK | 1742.75 | 1740 |
| HDFCLIFE | 674.85 | 680 |
| HEROMOTOCO | 4751.75 | 4800 |
| HINDALCO | 645.7 | 650 |
| HINDCOPPER | 263.4 | 290 |
| HINDPETRO | 360.05 | 375 |
| HINDUNILVR | 2379.8 | 2480 |
| ICICIBANK | 1252.65 | 1260 |
| ICICIGI | 1815 | 1880 |
| ICICIPRULI | 681.2 | 690 |
| IDEA | 6.96 | 8 |
| IDFCFIRSTB | 63.25 | 66 |
| IEX | 161.34 | 170 |
| IGL | 312.25 | 330 |
| INDHOTEL | 791.15 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4060.05 | 4000 |
| INDUSINDBK | 975.75 | 1040 |
| INDUSTOWER | 330.5 | 340 |
| INFY | 1827.9 | 1800 |
| IOC | 131.1 | 140 |
| IPCALAB | 1569.4 | 1560 |
| IRCTC | 796.25 | 820 |
| ITC | 456.1 | 475 |
| JINDALSTEL | 874.15 | 900 |
| JKCEMENT | 4012.7 | 4000 |
| JSWSTEEL | 941.7 | 960 |
| JUBLFOOD | 610.5 | 620 |
| KOTAKBANK | 1736.7 | 1760 |
| LALPATHLAB | 3028.85 | 3100 |
| LAURUSLABS | 489.2 | 490 |
| LICHSGFIN | 612.1 | 630 |
| LT | 3489.8 | 3600 |
| LTF | 138.12 | 140 |
| LTIM | 5919.3 | 5900 |
| LTTS | 5185 | 5150 |
| LUPIN | 2040.05 | 2100 |
| M&M | 2938.1 | 2900 |
| M&MFIN | 257.25 | 265 |
| MANAPPURAM | 150.91 | 155 |
| MARICO | 590.4 | 600 |
| MARUTI | 10909.05 | 11000 |
| MCX | 6179.2 | 6200 |
| METROPOLIS | 2015 | 2060 |
| MFSL | 1173.8 | 1200 |
| MGL | 1118.3 | 1160 |
| MOTHERSON | 161.8 | 175 |
| MPHASIS | 2778.8 | 2850 |
| MRF | 123348.95 | 122500 |
| MUTHOOTFIN | 1908 | 1880 |
| NATIONALUM | 247.82 | 240 |
| NAUKRI | 7542.65 | 7700 |
| NAVINFLUOR | 3271 | 3400 |
| NESTLEIND | 2201.5 | 2280 |
| NMDC | 218.42 | 225 |
| NTPC | 355.75 | 370 |
| OBEROIRLTY | 1935.1 | 1960 |
| OFSS | 11144.4 | 11500 |
| ONGC | 241.8 | 250 |
| PAGEIND | 44589.7 | 45500 |
| PEL | 1053.7 | 1060 |
| PERSISTENT | 5729.3 | 5600 |
| PETRONET | 320.85 | 328 |
| PFC | 453.25 | 460 |
| PIDILITIND | 2943.9 | 3060 |
| PIIND | 4137.9 | 4200 |
| PNB | 96.96 | 102 |
| POLYCAB | 6419.45 | 6500 |
| POWERGRID | 322.4 | 320 |
| PVRINOX | 1444.55 | 1500 |
| RAMCOCEM | 915.8 | 900 |
| RBLBANK | 157.88 | 160 |
| RECLTD | 490.5 | 510 |
| RELIANCE | 1220 | 1290 |
| SAIL | 111.22 | 117.5 |
| SBICARD | 674.65 | 690 |
| SBILIFE | 1482.35 | 1520 |
| SBIN | 782.25 | 800 |
| SHREECEM | 24214.35 | 24500 |
| SHRIRAMFIN | 2807.6 | 2900 |
| SIEMENS | 6685.95 | 6800 |
| SRF | 2158.2 | 2260 |
| SUNPHARMA | 1767 | 1800 |
| SUNTV | 729.6 | 730 |
| SYNGENE | 844.9 | 870 |
| TATACHEM | 1057.2 | 1100 |
| TATACOMM | 1712.1 | 1780 |
| TATACONSUM | 911.6 | 950 |
| TATAMOTORS | 775.4 | 800 |
| TATAPOWER | 410.4 | 420 |
| TATASTEEL | 140.31 | 145 |
| TCS | 4059.95 | 4100 |
| TECHM | 1698.15 | 1680 |
| TITAN | 3172.9 | 3200 |
| TORNTPHARM | 3096.85 | 3150 |
| TRENT | 6427.25 | 6600 |
| TVSMOTOR | 2397.8 | 2450 |
| UBL | 1818.95 | 1880 |
| ULTRACEMCO | 10950.2 | 11000 |
| UNITDSPR | 1491.2 | 1480 |
| UPL | 564.2 | 540 |
| VEDL | 442.7 | 460 |
| VOLTAS | 1672.85 | 1700 |
| WIPRO | 556.75 | 560 |
| ZYDUSLIFE | 942.25 | 960 |
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.
