TATASTEEL
TATA Steel Limited
Max pain for TATASTEEL
25 Sep 2023 10:56 AM IST
Max Pain for TATASTEEL is 129
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
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.