TATASTEEL
TATA STEEL LIMITED
Max pain for TATASTEEL
19 Mar 2024 02:37 PM IST
Max Pain for TATASTEEL is 149
Strike 110 has a total call value of 0 versus a total put value of 361,371,450,000 Combined total value = 361,371,450,000
Strike 111 has a total call value of 10,450,000 versus a total put value of 349,976,550,000 Combined total value = 349,987,000,000
Strike 112 has a total call value of 20,900,000 versus a total put value of 338,581,650,000 Combined total value = 338,602,550,000
Strike 113 has a total call value of 31,350,000 versus a total put value of 327,186,750,000 Combined total value = 327,218,100,000
Strike 114 has a total call value of 41,800,000 versus a total put value of 315,791,850,000 Combined total value = 315,833,650,000
Strike 115 has a total call value of 52,250,000 versus a total put value of 304,396,950,000 Combined total value = 304,449,200,000
Strike 116 has a total call value of 62,700,000 versus a total put value of 293,002,050,000 Combined total value = 293,064,750,000
Strike 117 has a total call value of 73,150,000 versus a total put value of 281,637,950,000 Combined total value = 281,711,100,000
Strike 118 has a total call value of 83,600,000 versus a total put value of 270,303,000,000 Combined total value = 270,386,600,000
Strike 119 has a total call value of 94,050,000 versus a total put value of 259,003,250,000 Combined total value = 259,097,300,000
Strike 120 has a total call value of 104,500,000 versus a total put value of 247,703,500,000 Combined total value = 247,808,000,000
Strike 121 has a total call value of 114,950,000 versus a total put value of 236,707,900,000 Combined total value = 236,822,850,000
Strike 122 has a total call value of 125,400,000 versus a total put value of 225,763,450,000 Combined total value = 225,888,850,000
Strike 123 has a total call value of 135,850,000 versus a total put value of 214,857,500,000 Combined total value = 214,993,350,000
Strike 124 has a total call value of 146,300,000 versus a total put value of 203,981,800,000 Combined total value = 204,128,100,000
Strike 125 has a total call value of 156,750,000 versus a total put value of 193,136,900,000 Combined total value = 193,293,650,000
Strike 126 has a total call value of 167,200,000 versus a total put value of 182,754,550,000 Combined total value = 182,921,750,000
Strike 127 has a total call value of 177,650,000 versus a total put value of 172,429,950,000 Combined total value = 172,607,600,000
Strike 128 has a total call value of 188,100,000 versus a total put value of 162,171,350,000 Combined total value = 162,359,450,000
Strike 129 has a total call value of 198,550,000 versus a total put value of 151,995,250,000 Combined total value = 152,193,800,000
Strike 130 has a total call value of 209,000,000 versus a total put value of 141,889,550,000 Combined total value = 142,098,550,000
Strike 131 has a total call value of 252,450,000 versus a total put value of 132,547,250,000 Combined total value = 132,799,700,000
Strike 132 has a total call value of 295,900,000 versus a total put value of 123,244,000,000 Combined total value = 123,539,900,000
Strike 133 has a total call value of 339,350,000 versus a total put value of 114,195,400,000 Combined total value = 114,534,750,000
Strike 134 has a total call value of 382,800,000 versus a total put value of 105,238,100,000 Combined total value = 105,620,900,000
Strike 135 has a total call value of 426,250,000 versus a total put value of 96,366,050,000 Combined total value = 96,792,300,000
Strike 136 has a total call value of 603,350,000 versus a total put value of 88,128,700,000 Combined total value = 88,732,050,000
Strike 137 has a total call value of 797,500,000 versus a total put value of 79,955,150,000 Combined total value = 80,752,650,000
Strike 138 has a total call value of 1,018,050,000 versus a total put value of 71,871,250,000 Combined total value = 72,889,300,000
Strike 139 has a total call value of 1,260,600,000 versus a total put value of 63,998,550,000 Combined total value = 65,259,150,000
Strike 140 has a total call value of 1,552,650,000 versus a total put value of 56,340,900,000 Combined total value = 57,893,550,000
Strike 141 has a total call value of 2,284,150,000 versus a total put value of 50,450,950,000 Combined total value = 52,735,100,000
Strike 142 has a total call value of 3,066,800,000 versus a total put value of 44,746,350,000 Combined total value = 47,813,150,000
Strike 143 has a total call value of 3,969,900,000 versus a total put value of 39,309,600,000 Combined total value = 43,279,500,000
Strike 144 has a total call value of 5,031,400,000 versus a total put value of 34,045,550,000 Combined total value = 39,076,950,000
Strike 145 has a total call value of 6,337,650,000 versus a total put value of 29,015,250,000 Combined total value = 35,352,900,000
Strike 146 has a total call value of 8,379,250,000 versus a total put value of 24,940,850,000 Combined total value = 33,320,100,000
Strike 147 has a total call value of 10,762,950,000 versus a total put value of 21,148,600,000 Combined total value = 31,911,550,000
Strike 148 has a total call value of 13,281,400,000 versus a total put value of 17,668,750,000 Combined total value = 30,950,150,000
Strike 149 has a total call value of 15,997,850,000 versus a total put value of 14,599,200,000 Combined total value = 30,597,050,000
Strike 150 has a total call value of 19,163,100,000 versus a total put value of 11,719,400,000 Combined total value = 30,882,500,000
Strike 151 has a total call value of 24,940,300,000 versus a total put value of 9,958,850,000 Combined total value = 34,899,150,000
Strike 152 has a total call value of 31,098,650,000 versus a total put value of 8,273,100,000 Combined total value = 39,371,750,000
Strike 153 has a total call value of 38,718,350,000 versus a total put value of 6,758,400,000 Combined total value = 45,476,750,000
Strike 154 has a total call value of 46,843,500,000 versus a total put value of 5,409,800,000 Combined total value = 52,253,300,000
Strike 155 has a total call value of 55,450,450,000 versus a total put value of 4,170,650,000 Combined total value = 59,621,100,000
Strike 156 has a total call value of 67,175,900,000 versus a total put value of 3,445,750,000 Combined total value = 70,621,650,000
Strike 157 has a total call value of 79,273,700,000 versus a total put value of 2,796,200,000 Combined total value = 82,069,900,000
Strike 158 has a total call value of 91,696,550,000 versus a total put value of 2,200,000,000 Combined total value = 93,896,550,000
Strike 159 has a total call value of 104,633,650,000 versus a total put value of 1,683,000,000 Combined total value = 106,316,650,000
Strike 160 has a total call value of 117,874,900,000 versus a total put value of 1,212,750,000 Combined total value = 119,087,650,000
Strike 161 has a total call value of 136,128,300,000 versus a total put value of 1,019,150,000 Combined total value = 137,147,450,000
Strike 162 has a total call value of 154,657,800,000 versus a total put value of 825,550,000 Combined total value = 155,483,350,000
Strike 163 has a total call value of 173,489,250,000 versus a total put value of 631,950,000 Combined total value = 174,121,200,000
Strike 164 has a total call value of 192,531,900,000 versus a total put value of 438,350,000 Combined total value = 192,970,250,000
Strike 165 has a total call value of 211,835,250,000 versus a total put value of 244,750,000 Combined total value = 212,080,000,000
Strike 166 has a total call value of 232,469,600,000 versus a total put value of 205,700,000 Combined total value = 232,675,300,000
Strike 167 has a total call value of 253,371,250,000 versus a total put value of 166,650,000 Combined total value = 253,537,900,000
Strike 168 has a total call value of 274,426,900,000 versus a total put value of 127,600,000 Combined total value = 274,554,500,000
Strike 169 has a total call value of 295,650,850,000 versus a total put value of 88,550,000 Combined total value = 295,739,400,000
Strike 170 has a total call value of 317,238,900,000 versus a total put value of 49,500,000 Combined total value = 317,288,400,000
Strike 171 has a total call value of 340,762,950,000 versus a total put value of 41,250,000 Combined total value = 340,804,200,000
Strike 172 has a total call value of 364,287,000,000 versus a total put value of 33,000,000 Combined total value = 364,320,000,000
Strike 173 has a total call value of 388,044,250,000 versus a total put value of 24,750,000 Combined total value = 388,069,000,000
Strike 174 has a total call value of 411,801,500,000 versus a total put value of 16,500,000 Combined total value = 411,818,000,000
Strike 175 has a total call value of 435,909,100,000 versus a total put value of 8,250,000 Combined total value = 435,917,350,000
Strike 176 has a total call value of 460,016,700,000 versus a total put value of 0 Combined total value = 460,016,700,000
Strike 177 has a total call value of 484,648,450,000 versus a total put value of 0 Combined total value = 484,648,450,000
Strike 178 has a total call value of 509,280,200,000 versus a total put value of 0 Combined total value = 509,280,200,000
Max Pain - Choose a symbol
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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.