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TATASTEEL
TATA STEEL LIMITED

149.6 -0.09 (-0.06%)


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



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.