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TATASTEEL
TATA Steel Limited

127.2 0.45 (0.36%)


Strike  94  has a total call value of 0  versus a total put value of  2,663,754,500 Combined total value = 2,663,754,500

Strike  95  has a total call value of 5,500  versus a total put value of  2,573,026,500 Combined total value = 2,573,032,000

Strike  96  has a total call value of 44,000  versus a total put value of  2,482,546,000 Combined total value = 2,482,590,000

Strike  97  has a total call value of 82,500  versus a total put value of  2,392,065,500 Combined total value = 2,392,148,000

Strike  98  has a total call value of 121,000  versus a total put value of  2,301,585,000 Combined total value = 2,301,706,000

Strike  99  has a total call value of 159,500  versus a total put value of  2,211,104,500 Combined total value = 2,211,264,000

Strike  100  has a total call value of 198,000  versus a total put value of  2,120,629,500 Combined total value = 2,120,827,500

Strike  101  has a total call value of 308,000  versus a total put value of  2,031,034,500 Combined total value = 2,031,342,500

Strike  102  has a total call value of 418,000  versus a total put value of  1,941,439,500 Combined total value = 1,941,857,500

Strike  103  has a total call value of 528,000  versus a total put value of  1,851,844,500 Combined total value = 1,852,372,500

Strike  104  has a total call value of 638,000  versus a total put value of  1,762,249,500 Combined total value = 1,762,887,500

Strike  105  has a total call value of 748,000  versus a total put value of  1,672,660,000 Combined total value = 1,673,408,000

Strike  106  has a total call value of 1,001,000  versus a total put value of  1,584,302,500 Combined total value = 1,585,303,500

Strike  107  has a total call value of 1,259,500  versus a total put value of  1,496,374,000 Combined total value = 1,497,633,500

Strike  108  has a total call value of 1,518,000  versus a total put value of  1,408,610,500 Combined total value = 1,410,128,500

Strike  109  has a total call value of 1,776,500  versus a total put value of  1,320,874,500 Combined total value = 1,322,651,000

Strike  110  has a total call value of 2,035,000  versus a total put value of  1,233,281,500 Combined total value = 1,235,316,500

Strike  111  has a total call value of 2,942,500  versus a total put value of  1,148,664,000 Combined total value = 1,151,606,500

Strike  112  has a total call value of 3,850,000  versus a total put value of  1,064,420,500 Combined total value = 1,068,270,500

Strike  113  has a total call value of 4,779,500  versus a total put value of  980,952,500 Combined total value = 985,732,000

Strike  114  has a total call value of 5,709,000  versus a total put value of  898,298,500 Combined total value = 904,007,500

Strike  115  has a total call value of 6,765,000  versus a total put value of  816,684,000 Combined total value = 823,449,000

Strike  116  has a total call value of 8,629,500  versus a total put value of  740,316,500 Combined total value = 748,946,000

Strike  117  has a total call value of 10,648,000  versus a total put value of  665,951,000 Combined total value = 676,599,000

Strike  118  has a total call value of 12,870,000  versus a total put value of  593,235,500 Combined total value = 606,105,500

Strike  119  has a total call value of 15,570,500  versus a total put value of  523,979,500 Combined total value = 539,550,000

Strike  120  has a total call value of 18,540,500  versus a total put value of  456,544,000 Combined total value = 475,084,500

Strike  121  has a total call value of 24,458,500  versus a total put value of  399,729,000 Combined total value = 424,187,500

Strike  122  has a total call value of 30,926,500  versus a total put value of  347,248,000 Combined total value = 378,174,500

Strike  123  has a total call value of 38,159,000  versus a total put value of  297,698,500 Combined total value = 335,857,500

Strike  124  has a total call value of 47,619,000  versus a total put value of  249,865,000 Combined total value = 297,484,000

Strike  125  has a total call value of 57,959,000  versus a total put value of  203,951,000 Combined total value = 261,910,000

Strike  126  has a total call value of 72,088,500  versus a total put value of  165,825,000 Combined total value = 237,913,500

Strike  127  has a total call value of 89,056,000  versus a total put value of  131,032,000 Combined total value = 220,088,000

Strike  128  has a total call value of 109,290,500  versus a total put value of  99,198,000 Combined total value = 208,488,500

Strike  129  has a total call value of 135,118,500  versus a total put value of  70,317,500 Combined total value = 205,436,000

Strike  130  has a total call value of 165,247,500  versus a total put value of  43,829,500 Combined total value = 209,077,000

Strike  131  has a total call value of 221,430,000  versus a total put value of  32,840,500 Combined total value = 254,270,500

Strike  132  has a total call value of 283,426,000  versus a total put value of  23,837,000 Combined total value = 307,263,000

Strike  133  has a total call value of 357,324,000  versus a total put value of  17,633,000 Combined total value = 374,957,000

Strike  134  has a total call value of 438,944,000  versus a total put value of  12,848,000 Combined total value = 451,792,000

Strike  135  has a total call value of 525,827,500  versus a total put value of  8,530,500 Combined total value = 534,358,000

Strike  136  has a total call value of 641,734,500  versus a total put value of  6,435,000 Combined total value = 648,169,500

Strike  137  has a total call value of 762,668,500  versus a total put value of  4,669,500 Combined total value = 767,338,000

Strike  138  has a total call value of 886,358,000  versus a total put value of  3,107,500 Combined total value = 889,465,500

Strike  139  has a total call value of 1,013,776,500  versus a total put value of  1,848,000 Combined total value = 1,015,624,500

Strike  140  has a total call value of 1,143,125,500  versus a total put value of  660,000 Combined total value = 1,143,785,500

Strike  141  has a total call value of 1,295,118,000  versus a total put value of  550,000 Combined total value = 1,295,668,000

Strike  142  has a total call value of 1,450,383,000  versus a total put value of  462,000 Combined total value = 1,450,845,000

Strike  143  has a total call value of 1,607,793,000  versus a total put value of  390,500 Combined total value = 1,608,183,500

Strike  144  has a total call value of 1,766,974,000  versus a total put value of  319,000 Combined total value = 1,767,293,000

Strike  145  has a total call value of 1,927,513,500  versus a total put value of  247,500 Combined total value = 1,927,761,000

Strike  146  has a total call value of 2,095,439,500  versus a total put value of  198,000 Combined total value = 2,095,637,500

Strike  147  has a total call value of 2,264,537,000  versus a total put value of  148,500 Combined total value = 2,264,685,500

Strike  148  has a total call value of 2,434,366,000  versus a total put value of  99,000 Combined total value = 2,434,465,000

Strike  149  has a total call value of 2,604,882,500  versus a total put value of  49,500 Combined total value = 2,604,932,000

Strike  150  has a total call value of 2,776,499,000  versus a total put value of  0 Combined total value = 2,776,499,000

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.