TATASTEEL
Tata Steel Limited
Max pain for TATASTEEL
23 Jan 2025 04:12 PM IST
Max Pain for TATASTEEL is 134
Strike 108 has a total call value of 0 versus a total put value of 340,990,925,000 Combined total value = 340,990,925,000
Strike 109 has a total call value of 0 versus a total put value of 327,239,275,000 Combined total value = 327,239,275,000
Strike 110 has a total call value of 0 versus a total put value of 313,487,625,000 Combined total value = 313,487,625,000
Strike 111 has a total call value of 1,650,000 versus a total put value of 299,966,425,000 Combined total value = 299,968,075,000
Strike 112 has a total call value of 3,300,000 versus a total put value of 286,445,225,000 Combined total value = 286,448,525,000
Strike 112.5 has a total call value of 4,125,000 versus a total put value of 279,723,950,000 Combined total value = 279,728,075,000
Strike 113 has a total call value of 4,950,000 versus a total put value of 273,002,675,000 Combined total value = 273,007,625,000
Strike 114 has a total call value of 6,600,000 versus a total put value of 259,603,575,000 Combined total value = 259,610,175,000
Strike 115 has a total call value of 8,250,000 versus a total put value of 246,360,675,000 Combined total value = 246,368,925,000
Strike 116 has a total call value of 9,900,000 versus a total put value of 233,537,975,000 Combined total value = 233,547,875,000
Strike 117 has a total call value of 11,550,000 versus a total put value of 220,873,675,000 Combined total value = 220,885,225,000
Strike 117.5 has a total call value of 12,375,000 versus a total put value of 214,657,300,000 Combined total value = 214,669,675,000
Strike 118 has a total call value of 13,200,000 versus a total put value of 208,440,925,000 Combined total value = 208,454,125,000
Strike 119 has a total call value of 14,850,000 versus a total put value of 196,203,425,000 Combined total value = 196,218,275,000
Strike 120 has a total call value of 16,500,000 versus a total put value of 184,070,975,000 Combined total value = 184,087,475,000
Strike 121 has a total call value of 340,450,000 versus a total put value of 172,615,025,000 Combined total value = 172,955,475,000
Strike 122 has a total call value of 664,400,000 versus a total put value of 161,298,775,000 Combined total value = 161,963,175,000
Strike 122.5 has a total call value of 844,250,000 versus a total put value of 155,769,350,000 Combined total value = 156,613,600,000
Strike 123 has a total call value of 1,024,100,000 versus a total put value of 150,239,925,000 Combined total value = 151,264,025,000
Strike 124 has a total call value of 1,440,450,000 versus a total put value of 139,387,325,000 Combined total value = 140,827,775,000
Strike 125 has a total call value of 1,950,850,000 versus a total put value of 128,884,525,000 Combined total value = 130,835,375,000
Strike 126 has a total call value of 2,855,600,000 versus a total put value of 119,334,325,000 Combined total value = 122,189,925,000
Strike 127 has a total call value of 3,899,500,000 versus a total put value of 110,323,125,000 Combined total value = 114,222,625,000
Strike 127.5 has a total call value of 4,508,625,000 versus a total put value of 106,096,650,000 Combined total value = 110,605,275,000
Strike 128 has a total call value of 5,117,750,000 versus a total put value of 102,027,200,000 Combined total value = 107,144,950,000
Strike 129 has a total call value of 6,675,900,000 versus a total put value of 94,450,400,000 Combined total value = 101,126,300,000
Strike 130 has a total call value of 8,558,000,000 versus a total put value of 87,160,700,000 Combined total value = 95,718,700,000
Strike 131 has a total call value of 11,691,350,000 versus a total put value of 81,021,050,000 Combined total value = 92,712,400,000
Strike 132 has a total call value of 15,578,200,000 versus a total put value of 75,179,500,000 Combined total value = 90,757,700,000
Strike 132.5 has a total call value of 17,743,825,000 versus a total put value of 72,389,625,000 Combined total value = 90,133,450,000
Strike 133 has a total call value of 20,038,150,000 versus a total put value of 69,700,125,000 Combined total value = 89,738,275,000
Strike 134 has a total call value of 24,976,050,000 versus a total put value of 64,433,325,000 Combined total value = 89,409,375,000
Strike 135 has a total call value of 30,144,400,000 versus a total put value of 59,272,125,000 Combined total value = 89,416,525,000
Strike 136 has a total call value of 36,895,100,000 versus a total put value of 55,040,975,000 Combined total value = 91,936,075,000
Strike 137 has a total call value of 44,042,900,000 versus a total put value of 50,855,475,000 Combined total value = 94,898,375,000
Strike 137.5 has a total call value of 47,769,150,000 versus a total put value of 48,814,700,000 Combined total value = 96,583,850,000
Strike 138 has a total call value of 51,734,375,000 versus a total put value of 46,837,450,000 Combined total value = 98,571,825,000
Strike 139 has a total call value of 60,306,675,000 versus a total put value of 43,004,500,000 Combined total value = 103,311,175,000
Strike 140 has a total call value of 69,163,875,000 versus a total put value of 39,171,550,000 Combined total value = 108,335,425,000
Strike 141 has a total call value of 80,487,275,000 versus a total put value of 36,208,700,000 Combined total value = 116,695,975,000
Strike 142 has a total call value of 91,974,025,000 versus a total put value of 33,245,850,000 Combined total value = 125,219,875,000
Strike 142.5 has a total call value of 97,939,050,000 versus a total put value of 31,783,125,000 Combined total value = 129,722,175,000
Strike 143 has a total call value of 104,204,375,000 versus a total put value of 30,445,800,000 Combined total value = 134,650,175,000
Strike 144 has a total call value of 116,970,975,000 versus a total put value of 27,771,150,000 Combined total value = 144,742,125,000
Strike 145 has a total call value of 129,969,675,000 versus a total put value of 25,096,500,000 Combined total value = 155,066,175,000
Strike 146 has a total call value of 144,331,825,000 versus a total put value of 23,048,300,000 Combined total value = 167,380,125,000
Strike 147 has a total call value of 158,780,875,000 versus a total put value of 21,000,100,000 Combined total value = 179,780,975,000
Strike 147.5 has a total call value of 166,065,075,000 versus a total put value of 19,976,000,000 Combined total value = 186,041,075,000
Strike 148 has a total call value of 173,474,950,000 versus a total put value of 18,985,450,000 Combined total value = 192,460,400,000
Strike 149 has a total call value of 188,417,350,000 versus a total put value of 17,004,350,000 Combined total value = 205,421,700,000
Strike 150 has a total call value of 203,359,750,000 versus a total put value of 15,023,250,000 Combined total value = 218,383,000,000
Strike 151 has a total call value of 220,133,100,000 versus a total put value of 13,691,700,000 Combined total value = 233,824,800,000
Strike 152 has a total call value of 236,966,400,000 versus a total put value of 12,360,150,000 Combined total value = 249,326,550,000
Strike 152.5 has a total call value of 245,413,850,000 versus a total put value of 11,694,375,000 Combined total value = 257,108,225,000
Strike 153 has a total call value of 253,943,250,000 versus a total put value of 11,059,950,000 Combined total value = 265,003,200,000
Strike 154 has a total call value of 271,002,050,000 versus a total put value of 9,791,100,000 Combined total value = 280,793,150,000
Strike 155 has a total call value of 288,146,650,000 versus a total put value of 8,522,250,000 Combined total value = 296,668,900,000
Strike 156 has a total call value of 305,752,150,000 versus a total put value of 7,582,850,000 Combined total value = 313,335,000,000
Strike 157 has a total call value of 323,406,050,000 versus a total put value of 6,643,450,000 Combined total value = 330,049,500,000
Strike 157.5 has a total call value of 332,233,000,000 versus a total put value of 6,173,750,000 Combined total value = 338,406,750,000
Strike 158 has a total call value of 341,095,975,000 versus a total put value of 5,704,050,000 Combined total value = 346,800,025,000
Strike 159 has a total call value of 358,821,925,000 versus a total put value of 4,764,650,000 Combined total value = 363,586,575,000
Strike 160 has a total call value of 376,547,875,000 versus a total put value of 3,825,250,000 Combined total value = 380,373,125,000
Strike 161 has a total call value of 395,593,275,000 versus a total put value of 3,371,500,000 Combined total value = 398,964,775,000
Strike 162 has a total call value of 414,638,675,000 versus a total put value of 2,917,750,000 Combined total value = 417,556,425,000
Strike 162.5 has a total call value of 424,161,375,000 versus a total put value of 2,690,875,000 Combined total value = 426,852,250,000
Strike 163 has a total call value of 433,684,075,000 versus a total put value of 2,464,000,000 Combined total value = 436,148,075,000
Strike 164 has a total call value of 452,729,475,000 versus a total put value of 2,010,250,000 Combined total value = 454,739,725,000
Strike 165 has a total call value of 471,774,875,000 versus a total put value of 1,556,500,000 Combined total value = 473,331,375,000
Strike 166 has a total call value of 491,080,975,000 versus a total put value of 1,245,200,000 Combined total value = 492,326,175,000
Strike 167 has a total call value of 510,387,075,000 versus a total put value of 933,900,000 Combined total value = 511,320,975,000
Strike 167.5 has a total call value of 520,040,125,000 versus a total put value of 778,250,000 Combined total value = 520,818,375,000
Strike 168 has a total call value of 529,693,175,000 versus a total put value of 622,600,000 Combined total value = 530,315,775,000
Strike 169 has a total call value of 548,999,275,000 versus a total put value of 311,300,000 Combined total value = 549,310,575,000
Strike 170 has a total call value of 568,305,375,000 versus a total put value of 0 Combined total value = 568,305,375,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 448.45 | 435 |
ABB | 6330.25 | 6400 |
ABBOTINDIA | 27849.8 | 28000 |
ABCAPITAL | 174.27 | 180 |
ABFRL | 282.7 | 280 |
ACC | 2045.2 | 2080 |
ADANIENSOL | 808.8 | 800 |
ADANIENT | 2385 | 2400 |
ADANIGREEN | 1030.25 | 1020 |
ADANIPORTS | 1104 | 1160 |
ALKEM | 5183.5 | 5300 |
AMBUJACEM | 548.8 | 550 |
ANGELONE | 2431.45 | 2500 |
APLAPOLLO | 1582.85 | 1560 |
APOLLOHOSP | 6920.85 | 6900 |
APOLLOTYRE | 438.9 | 460 |
ASHOKLEY | 207.74 | 210 |
ASIANPAINT | 2276.35 | 2300 |
ASTRAL | 1495.5 | 1560 |
ATGL | 658.25 | 670 |
ATUL | 6748.8 | 6900 |
AUBANK | 582.4 | 580 |
AUROPHARMA | 1244.8 | 1240 |
AXISBANK | 951.05 | 990 |
BAJAJ-AUTO | 8399.95 | 8700 |
BAJAJFINSV | 1746.15 | 1700 |
BAJFINANCE | 7443.25 | 7300 |
BALKRISIND | 2728.9 | 2780 |
BANDHANBNK | 151.14 | 160 |
BANKBARODA | 229.16 | 235 |
BANKINDIA | 99.71 | 100 |
BATAINDIA | 1300.9 | 1340 |
BEL | 273.95 | 280 |
BERGEPAINT | 480.35 | 465 |
BHARATFORG | 1227.75 | 1240 |
BHARTIARTL | 1636 | 1620 |
BHEL | 206.49 | 215 |
BIOCON | 397.3 | 385 |
BOSCHLTD | 30990.5 | 33000 |
BPCL | 271.25 | 275 |
BRITANNIA | 5012.6 | 4850 |
BSE | 5909.7 | 5600 |
BSOFT | 554.9 | 550 |
CAMS | 4159.25 | 4300 |
CANBK | 98.15 | 100 |
CANFINHOME | 690.95 | 700 |
CDSL | 1516.15 | 1600 |
CESC | 145.12 | 150 |
CGPOWER | 627.9 | 650 |
CHAMBLFERT | 509.3 | 500 |
CHOLAFIN | 1246.05 | 1260 |
CIPLA | 1451.15 | 1480 |
COALINDIA | 385.8 | 385 |
COFORGE | 9196.45 | 9000 |
COLPAL | 2738.95 | 2750 |
CONCOR | 772.25 | 780 |
COROMANDEL | 1848.7 | 1860 |
CROMPTON | 351.15 | 365 |
CUB | 170.25 | 170 |
CUMMINSIND | 2889.05 | 3000 |
CYIENT | 1755.25 | 1760 |
DABUR | 524.6 | 520 |
DALBHARAT | 1828.35 | 1780 |
DEEPAKNTR | 2369.3 | 2400 |
DELHIVERY | 326.95 | 330 |
DIVISLAB | 5850.95 | 5900 |
DIXON | 15463.6 | 16000 |
DLF | 715.05 | 750 |
DMART | 3598.35 | 3700 |
DRREDDY | 1289.4 | 1300 |
EICHERMOT | 5116.2 | 5000 |
ESCORTS | 3588.4 | 3450 |
EXIDEIND | 383.5 | 400 |
FEDERALBNK | 190.75 | 195 |
GAIL | 179.66 | 185 |
GLENMARK | 1510.95 | 1520 |
GMRAIRPORT | 73.5 | 78 |
GMRINFRA | 0 | 32 |
GNFC | 560.9 | 560 |
GODREJCP | 1145.2 | 1140 |
GODREJPROP | 2225.65 | 2400 |
GRANULES | 599.6 | 590 |
GRASIM | 2461.15 | 2460 |
GUJGASLTD | 503.25 | 500 |
HAL | 3922.55 | 4100 |
HAVELLS | 1595.3 | 1580 |
HCLTECH | 1807 | 1820 |
HDFCAMC | 4001.7 | 4000 |
HDFCBANK | 1664.9 | 1670 |
HDFCLIFE | 621 | 630 |
HEROMOTOCO | 4100.35 | 4150 |
HFCL | 101.03 | 102.5 |
HINDALCO | 608.25 | 600 |
HINDCOPPER | 246.05 | 250 |
HINDPETRO | 362.1 | 370 |
HINDUNILVR | 2321.7 | 2360 |
HUDCO | 221.48 | 220 |
ICICIBANK | 1201.75 | 1240 |
ICICIGI | 1834.1 | 1900 |
ICICIPRULI | 594.7 | 600 |
IDEA | 9.51 | 9 |
IDFCFIRSTB | 63.11 | 63 |
IEX | 167.45 | 172.5 |
IGL | 391.6 | 400 |
INDHOTEL | 775.1 | 790 |
INDIAMART | 2086.55 | 2160 |
INDIANB | 516.7 | 520 |
INDIGO | 4134.8 | 4200 |
INDUSINDBK | 970.95 | 980 |
INDUSTOWER | 366.6 | 350 |
INFY | 1865.45 | 1880 |
IOC | 129.83 | 132.5 |
IPCALAB | 1583.55 | 1580 |
IRB | 52.94 | 55 |
IRCTC | 795.2 | 800 |
IRFC | 141.37 | 137.5 |
ITC | 440.2 | 445 |
JINDALSTEL | 893 | 920 |
JIOFIN | 255.85 | 270 |
JKCEMENT | 4789.05 | 4600 |
JSL | 639.75 | 640 |
JSWENERGY | 552.1 | 580 |
JSWSTEEL | 929.9 | 930 |
JUBLFOOD | 687.7 | 700 |
KALYANKJIL | 478.15 | 580 |
KEI | 4480.6 | 4300 |
KOTAKBANK | 1894.85 | 1860 |
KPITTECH | 1344.7 | 1380 |
LALPATHLAB | 2877.65 | 2900 |
LAURUSLABS | 585.15 | 580 |
LICHSGFIN | 579.95 | 580 |
LICI | 837.25 | 860 |
LODHA | 1082.3 | 1140 |
LT | 3503.25 | 3600 |
LTF | 139.93 | 140 |
LTIM | 6002.05 | 5900 |
LTTS | 5453.15 | 5250 |
LUPIN | 2151.2 | 2180 |
M&M | 2886.45 | 2950 |
M&MFIN | 275.45 | 275 |
MANAPPURAM | 196.85 | 185 |
MARICO | 667.9 | 660 |
MARUTI | 12045.75 | 11700 |
MAXHEALTH | 1082.85 | 1100 |
MCX | 5860 | 5900 |
METROPOLIS | 1870.7 | 1940 |
MFSL | 1056.4 | 1060 |
MGL | 1312.9 | 1280 |
MOTHERSON | 144.97 | 150 |
MPHASIS | 2918.95 | 2900 |
MRF | 111739.5 | 115000 |
MUTHOOTFIN | 2195.1 | 2180 |
NATIONALUM | 205.8 | 210 |
NAUKRI | 7535.5 | 7700 |
NAVINFLUOR | 3772.45 | 3700 |
NCC | 247.2 | 250 |
NESTLEIND | 2198.95 | 2200 |
NHPC | 78.46 | 79 |
NMDC | 68.09 | 68 |
NTPC | 323.65 | 325 |
NYKAA | 170.31 | 167.5 |
OBEROIRLTY | 1821.9 | 1860 |
OFSS | 10056.7 | 10250 |
OIL | 451.3 | 470 |
ONGC | 263.05 | 260 |
PAGEIND | 46768.75 | 46500 |
PAYTM | 849.1 | 880 |
PEL | 1006.4 | 1080 |
PERSISTENT | 6287.7 | 6100 |
PETRONET | 330.65 | 335 |
PFC | 421.25 | 440 |
PIDILITIND | 2909.65 | 2900 |
PIIND | 3526.65 | 3550 |
PNB | 99.43 | 100 |
POLICYBZR | 1686.8 | 1750 |
POLYCAB | 6250.9 | 6400 |
POONAWALLA | 332.8 | 320 |
POWERGRID | 294.35 | 305 |
PRESTIGE | 1342.6 | 1400 |
PVRINOX | 1092.8 | 1140 |
RAMCOCEM | 908.55 | 910 |
RBLBANK | 155.97 | 160 |
RECLTD | 463.75 | 490 |
RELIANCE | 1263.65 | 1260 |
SAIL | 109.14 | 112.5 |
SBICARD | 760 | 750 |
SBILIFE | 1449.85 | 1460 |
SBIN | 745.9 | 770 |
SHREECEM | 25926.8 | 25500 |
SHRIRAMFIN | 529.8 | 540 |
SIEMENS | 6067.85 | 6200 |
SJVN | 98.26 | 97.5 |
SONACOMS | 542.6 | 560 |
SRF | 2596.75 | 2560 |
SUNPHARMA | 1833.6 | 1800 |
SUNTV | 652.75 | 660 |
SUPREMEIND | 3967.65 | 4000 |
SYNGENE | 847 | 840 |
TATACHEM | 975.45 | 1000 |
TATACOMM | 1646.3 | 1700 |
TATACONSUM | 983.9 | 960 |
TATAELXSI | 6353.95 | 6300 |
TATAMOTORS | 752.5 | 770 |
TATAPOWER | 362.75 | 380 |
TATASTEEL | 130.37 | 134 |
TCS | 4145.45 | 4150 |
TECHM | 1713.4 | 1700 |
TIINDIA | 3363.7 | 3400 |
TITAN | 3398.55 | 3400 |
TORNTPHARM | 3263.75 | 3250 |
TRENT | 5733.6 | 6000 |
TVSMOTOR | 2300.1 | 2300 |
UBL | 2073.75 | 2040 |
ULTRACEMCO | 11420.9 | 11200 |
UNIONBANK | 109.7 | 110 |
UNITDSPR | 1500.65 | 1500 |
UPL | 557.85 | 540 |
VBL | 540.4 | 550 |
VEDL | 446.5 | 460 |
VOLTAS | 1497.65 | 1580 |
WIPRO | 317.7 | 310 |
YESBANK | 18.47 | 19 |
ZOMATO | 221.95 | 230 |
ZYDUSLIFE | 989.15 | 990 |
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.