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TATASTEEL
Tata Steel Limited

160.66 0.94 (0.59%)

Max pain for TATASTEEL

11 Oct 2024 04:12 PM IST

Max Pain for TATASTEEL is 162.5  



Strike  125  has a total call value of 0  versus a total put value of  463,241,625,000 Combined total value = 463,241,625,000

Strike  127.5  has a total call value of 0  versus a total put value of  428,869,375,000 Combined total value = 428,869,375,000

Strike  130  has a total call value of 0  versus a total put value of  394,497,125,000 Combined total value = 394,497,125,000

Strike  132.5  has a total call value of 0  versus a total put value of  360,608,875,000 Combined total value = 360,608,875,000

Strike  135  has a total call value of 0  versus a total put value of  326,720,625,000 Combined total value = 326,720,625,000

Strike  137.5  has a total call value of 0  versus a total put value of  293,513,000,000 Combined total value = 293,513,000,000

Strike  140  has a total call value of 1,375,000  versus a total put value of  260,305,375,000 Combined total value = 260,306,750,000

Strike  142.5  has a total call value of 162,250,000  versus a total put value of  228,621,250,000 Combined total value = 228,783,500,000

Strike  145  has a total call value of 342,375,000  versus a total put value of  197,389,500,000 Combined total value = 197,731,875,000

Strike  147.5  has a total call value of 686,125,000  versus a total put value of  167,600,125,000 Combined total value = 168,286,250,000

Strike  150  has a total call value of 1,087,625,000  versus a total put value of  138,437,750,000 Combined total value = 139,525,375,000

Strike  152.5  has a total call value of 2,253,625,000  versus a total put value of  112,440,625,000 Combined total value = 114,694,250,000

Strike  155  has a total call value of 3,719,375,000  versus a total put value of  87,634,250,000 Combined total value = 91,353,625,000

Strike  157.5  has a total call value of 6,305,750,000  versus a total put value of  66,374,000,000 Combined total value = 72,679,750,000

Strike  160  has a total call value of 9,466,875,000  versus a total put value of  46,634,500,000 Combined total value = 56,101,375,000

Strike  162.5  has a total call value of 19,751,875,000  versus a total put value of  33,185,625,000 Combined total value = 52,937,500,000

Strike  165  has a total call value of 32,223,125,000  versus a total put value of  21,054,000,000 Combined total value = 53,277,125,000

Strike  167.5  has a total call value of 51,517,125,000  versus a total put value of  13,814,625,000 Combined total value = 65,331,750,000

Strike  170  has a total call value of 74,065,750,000  versus a total put value of  7,907,625,000 Combined total value = 81,973,375,000

Strike  172.5  has a total call value of 107,857,750,000  versus a total put value of  5,057,250,000 Combined total value = 112,915,000,000

Strike  175  has a total call value of 144,490,500,000  versus a total put value of  2,553,375,000 Combined total value = 147,043,875,000

Strike  177.5  has a total call value of 186,987,625,000  versus a total put value of  1,386,000,000 Combined total value = 188,373,625,000

Strike  180  has a total call value of 230,740,125,000  versus a total put value of  354,750,000 Combined total value = 231,094,875,000

Strike  182.5  has a total call value of 281,705,875,000  versus a total put value of  151,250,000 Combined total value = 281,857,125,000

Strike  185  has a total call value of 333,377,000,000  versus a total put value of  0 Combined total value = 333,377,000,000

Strike  187.5  has a total call value of 387,673,000,000  versus a total put value of  0 Combined total value = 387,673,000,000

Strike  190  has a total call value of 441,969,000,000  versus a total put value of  0 Combined total value = 441,969,000,000

Strike  192.5  has a total call value of 499,186,875,000  versus a total put value of  0 Combined total value = 499,186,875,000

Strike  195  has a total call value of 556,404,750,000  versus a total put value of  0 Combined total value = 556,404,750,000

Strike  197.5  has a total call value of 613,897,625,000  versus a total put value of  0 Combined total value = 613,897,625,000

Strike  200  has a total call value of 671,390,500,000  versus a total put value of  0 Combined total value = 671,390,500,000

All Max-Pain Table


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.