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TATASTEEL
TATA STEEL LIMITED

162.55 5.17 (3.29%)

Max pain for TATASTEEL

26 Jul 2024 04:13 PM IST

Max Pain for TATASTEEL is 165  



Strike  130  has a total call value of 0  versus a total put value of  183,288,435,000 Combined total value = 183,288,435,000

Strike  130.4  has a total call value of 440,000  versus a total put value of  180,725,215,000 Combined total value = 180,725,655,000

Strike  132.4  has a total call value of 2,640,000  versus a total put value of  167,909,115,000 Combined total value = 167,911,755,000

Strike  132.5  has a total call value of 2,750,000  versus a total put value of  167,268,310,000 Combined total value = 167,271,060,000

Strike  134.4  has a total call value of 4,840,000  versus a total put value of  155,093,015,000 Combined total value = 155,097,855,000

Strike  135  has a total call value of 5,500,000  versus a total put value of  151,248,185,000 Combined total value = 151,253,685,000

Strike  136.4  has a total call value of 9,350,000  versus a total put value of  142,480,195,000 Combined total value = 142,489,545,000

Strike  137.5  has a total call value of 12,375,000  versus a total put value of  135,659,425,000 Combined total value = 135,671,800,000

Strike  138.4  has a total call value of 15,840,000  versus a total put value of  130,086,220,000 Combined total value = 130,102,060,000

Strike  140  has a total call value of 22,000,000  versus a total put value of  120,178,300,000 Combined total value = 120,200,300,000

Strike  140.4  has a total call value of 34,540,000  versus a total put value of  117,989,300,000 Combined total value = 118,023,840,000

Strike  142.4  has a total call value of 97,240,000  versus a total put value of  107,044,300,000 Combined total value = 107,141,540,000

Strike  142.5  has a total call value of 100,375,000  versus a total put value of  106,497,050,000 Combined total value = 106,597,425,000

Strike  144.4  has a total call value of 214,280,000  versus a total put value of  96,310,390,000 Combined total value = 96,524,670,000

Strike  145  has a total call value of 250,250,000  versus a total put value of  93,093,550,000 Combined total value = 93,343,800,000

Strike  146.4  has a total call value of 559,790,000  versus a total put value of  86,125,820,000 Combined total value = 86,685,610,000

Strike  147.5  has a total call value of 803,000,000  versus a total put value of  80,691,105,000 Combined total value = 81,494,105,000

Strike  148.4  has a total call value of 1,005,950,000  versus a total put value of  76,280,160,000 Combined total value = 77,286,110,000

Strike  150  has a total call value of 1,366,750,000  versus a total put value of  68,438,480,000 Combined total value = 69,805,230,000

Strike  150.4  has a total call value of 1,494,570,000  versus a total put value of  66,725,120,000 Combined total value = 68,219,690,000

Strike  152.4  has a total call value of 2,133,670,000  versus a total put value of  58,158,320,000 Combined total value = 60,291,990,000

Strike  152.5  has a total call value of 2,165,625,000  versus a total put value of  57,729,980,000 Combined total value = 59,895,605,000

Strike  154.4  has a total call value of 2,794,715,000  versus a total put value of  49,851,725,000 Combined total value = 52,646,440,000

Strike  155  has a total call value of 2,993,375,000  versus a total put value of  47,363,855,000 Combined total value = 50,357,230,000

Strike  156  has a total call value of 3,504,875,000  versus a total put value of  43,587,005,000 Combined total value = 47,091,880,000

Strike  156.4  has a total call value of 3,709,475,000  versus a total put value of  42,107,505,000 Combined total value = 45,816,980,000

Strike  157.5  has a total call value of 4,272,125,000  versus a total put value of  38,086,675,000 Combined total value = 42,358,800,000

Strike  158.4  has a total call value of 4,789,895,000  versus a total put value of  34,912,735,000 Combined total value = 39,702,630,000

Strike  160  has a total call value of 5,710,375,000  versus a total put value of  29,351,135,000 Combined total value = 35,061,510,000

Strike  160.4  has a total call value of 6,328,795,000  versus a total put value of  28,441,875,000 Combined total value = 34,770,670,000

Strike  162.4  has a total call value of 9,420,895,000  versus a total put value of  23,895,575,000 Combined total value = 33,316,470,000

Strike  162.5  has a total call value of 9,575,500,000  versus a total put value of  23,668,260,000 Combined total value = 33,243,760,000

Strike  164.4  has a total call value of 13,068,935,000  versus a total put value of  19,708,755,000 Combined total value = 32,777,690,000

Strike  165  has a total call value of 14,172,125,000  versus a total put value of  18,458,385,000 Combined total value = 32,630,510,000

Strike  166.4  has a total call value of 18,123,765,000  versus a total put value of  16,132,985,000 Combined total value = 34,256,750,000

Strike  167.5  has a total call value of 21,228,625,000  versus a total put value of  14,305,885,000 Combined total value = 35,534,510,000

Strike  168.4  has a total call value of 23,940,235,000  versus a total put value of  12,878,305,000 Combined total value = 36,818,540,000

Strike  170  has a total call value of 28,760,875,000  versus a total put value of  10,340,385,000 Combined total value = 39,101,260,000

Strike  170.4  has a total call value of 30,644,075,000  versus a total put value of  9,938,225,000 Combined total value = 40,582,300,000

Strike  172.4  has a total call value of 40,060,075,000  versus a total put value of  7,927,425,000 Combined total value = 47,987,500,000

Strike  172.5  has a total call value of 40,530,875,000  versus a total put value of  7,826,885,000 Combined total value = 48,357,760,000

Strike  174.4  has a total call value of 49,756,135,000  versus a total put value of  6,021,125,000 Combined total value = 55,777,260,000

Strike  175  has a total call value of 52,669,375,000  versus a total put value of  5,450,885,000 Combined total value = 58,120,260,000

Strike  176.4  has a total call value of 60,670,445,000  versus a total put value of  4,700,135,000 Combined total value = 65,370,580,000

Strike  177.5  has a total call value of 67,071,345,000  versus a total put value of  4,148,375,000 Combined total value = 71,219,720,000

Strike  178.4  has a total call value of 72,398,040,000  versus a total put value of  3,711,290,000 Combined total value = 76,109,330,000

Strike  180  has a total call value of 81,867,720,000  versus a total put value of  2,934,250,000 Combined total value = 84,801,970,000

Strike  180.4  has a total call value of 84,756,980,000  versus a total put value of  2,830,190,000 Combined total value = 87,587,170,000

Strike  182.4  has a total call value of 99,203,280,000  versus a total put value of  2,309,890,000 Combined total value = 101,513,170,000

Strike  182.5  has a total call value of 99,925,595,000  versus a total put value of  2,283,875,000 Combined total value = 102,209,470,000

Strike  184.4  has a total call value of 113,854,400,000  versus a total put value of  1,807,355,000 Combined total value = 115,661,755,000

Strike  185  has a total call value of 118,252,970,000  versus a total put value of  1,656,875,000 Combined total value = 119,909,845,000

Strike  186.4  has a total call value of 128,965,210,000  versus a total put value of  1,473,615,000 Combined total value = 130,438,825,000

Strike  187.5  has a total call value of 137,414,640,000  versus a total put value of  1,329,625,000 Combined total value = 138,744,265,000

Strike  188.4  has a total call value of 144,361,470,000  versus a total put value of  1,215,280,000 Combined total value = 145,576,750,000

Strike  190  has a total call value of 156,711,390,000  versus a total put value of  1,012,000,000 Combined total value = 157,723,390,000

Strike  190.4  has a total call value of 159,955,950,000  versus a total put value of  971,520,000 Combined total value = 160,927,470,000

Strike  192.4  has a total call value of 176,178,750,000  versus a total put value of  769,120,000 Combined total value = 176,947,870,000

Strike  192.5  has a total call value of 176,989,890,000  versus a total put value of  759,000,000 Combined total value = 177,748,890,000

Strike  195  has a total call value of 197,337,140,000  versus a total put value of  506,000,000 Combined total value = 197,843,140,000

Strike  196.4  has a total call value of 208,806,290,000  versus a total put value of  364,320,000 Combined total value = 209,170,610,000

Strike  197.5  has a total call value of 217,841,360,000  versus a total put value of  253,000,000 Combined total value = 218,094,360,000

Strike  200  has a total call value of 238,375,610,000  versus a total put value of  0 Combined total value = 238,375,610,000

All Max-Pain Table

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.