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TATASTEEL
TATA STEEL LIMITED

175.5 2.20 (1.27%)

Max pain for TATASTEEL

23 May 2024 04:08 PM IST

Max Pain for TATASTEEL is 170  



Strike  138  has a total call value of 0  versus a total put value of  218,024,950,000 Combined total value = 218,024,950,000

Strike  139  has a total call value of 0  versus a total put value of  209,253,550,000 Combined total value = 209,253,550,000

Strike  140  has a total call value of 0  versus a total put value of  200,482,150,000 Combined total value = 200,482,150,000

Strike  141  has a total call value of 40,700,000  versus a total put value of  192,007,200,000 Combined total value = 192,047,900,000

Strike  142  has a total call value of 81,400,000  versus a total put value of  183,532,250,000 Combined total value = 183,613,650,000

Strike  143  has a total call value of 122,100,000  versus a total put value of  175,090,300,000 Combined total value = 175,212,400,000

Strike  144  has a total call value of 162,800,000  versus a total put value of  166,648,350,000 Combined total value = 166,811,150,000

Strike  145  has a total call value of 203,500,000  versus a total put value of  158,395,600,000 Combined total value = 158,599,100,000

Strike  146  has a total call value of 244,200,000  versus a total put value of  150,142,850,000 Combined total value = 150,387,050,000

Strike  147  has a total call value of 284,900,000  versus a total put value of  142,072,150,000 Combined total value = 142,357,050,000

Strike  148  has a total call value of 325,600,000  versus a total put value of  134,001,450,000 Combined total value = 134,327,050,000

Strike  149  has a total call value of 367,400,000  versus a total put value of  126,003,350,000 Combined total value = 126,370,750,000

Strike  150  has a total call value of 409,200,000  versus a total put value of  118,083,900,000 Combined total value = 118,493,100,000

Strike  151  has a total call value of 596,750,000  versus a total put value of  110,939,950,000 Combined total value = 111,536,700,000

Strike  152  has a total call value of 784,300,000  versus a total put value of  103,847,700,000 Combined total value = 104,632,000,000

Strike  153  has a total call value of 971,850,000  versus a total put value of  96,802,200,000 Combined total value = 97,774,050,000

Strike  154  has a total call value of 1,159,400,000  versus a total put value of  89,840,300,000 Combined total value = 90,999,700,000

Strike  155  has a total call value of 1,346,950,000  versus a total put value of  82,956,500,000 Combined total value = 84,303,450,000

Strike  156  has a total call value of 1,672,550,000  versus a total put value of  76,595,750,000 Combined total value = 78,268,300,000

Strike  157  has a total call value of 1,998,150,000  versus a total put value of  70,308,700,000 Combined total value = 72,306,850,000

Strike  158  has a total call value of 2,323,750,000  versus a total put value of  64,109,100,000 Combined total value = 66,432,850,000

Strike  159  has a total call value of 2,672,450,000  versus a total put value of  57,992,000,000 Combined total value = 60,664,450,000

Strike  160  has a total call value of 3,021,150,000  versus a total put value of  51,929,350,000 Combined total value = 54,950,500,000

Strike  161  has a total call value of 3,603,600,000  versus a total put value of  46,729,100,000 Combined total value = 50,332,700,000

Strike  162  has a total call value of 4,220,700,000  versus a total put value of  41,637,750,000 Combined total value = 45,858,450,000

Strike  163  has a total call value of 4,896,100,000  versus a total put value of  36,660,250,000 Combined total value = 41,556,350,000

Strike  164  has a total call value of 5,606,700,000  versus a total put value of  31,798,800,000 Combined total value = 37,405,500,000

Strike  165  has a total call value of 6,388,250,000  versus a total put value of  27,136,450,000 Combined total value = 33,524,700,000

Strike  166  has a total call value of 7,522,900,000  versus a total put value of  23,126,950,000 Combined total value = 30,649,850,000

Strike  167  has a total call value of 8,742,800,000  versus a total put value of  19,292,350,000 Combined total value = 28,035,150,000

Strike  168  has a total call value of 10,122,200,000  versus a total put value of  15,672,800,000 Combined total value = 25,795,000,000

Strike  169  has a total call value of 11,615,450,000  versus a total put value of  12,344,200,000 Combined total value = 23,959,650,000

Strike  170  has a total call value of 13,217,050,000  versus a total put value of  9,211,400,000 Combined total value = 22,428,450,000

Strike  171  has a total call value of 15,805,900,000  versus a total put value of  7,208,300,000 Combined total value = 23,014,200,000

Strike  172  has a total call value of 18,532,250,000  versus a total put value of  5,415,850,000 Combined total value = 23,948,100,000

Strike  173  has a total call value of 21,513,250,000  versus a total put value of  3,968,800,000 Combined total value = 25,482,050,000

Strike  174  has a total call value of 24,692,250,000  versus a total put value of  2,751,650,000 Combined total value = 27,443,900,000

Strike  175  has a total call value of 28,292,000,000  versus a total put value of  1,714,900,000 Combined total value = 30,006,900,000

Strike  176  has a total call value of 33,477,400,000  versus a total put value of  1,294,150,000 Combined total value = 34,771,550,000

Strike  177  has a total call value of 38,927,900,000  versus a total put value of  935,000,000 Combined total value = 39,862,900,000

Strike  178  has a total call value of 44,578,600,000  versus a total put value of  632,500,000 Combined total value = 45,211,100,000

Strike  179  has a total call value of 50,442,150,000  versus a total put value of  376,200,000 Combined total value = 50,818,350,000

Strike  180  has a total call value of 56,417,900,000  versus a total put value of  145,750,000 Combined total value = 56,563,650,000

Strike  181  has a total call value of 64,619,500,000  versus a total put value of  86,900,000 Combined total value = 64,706,400,000

Strike  182  has a total call value of 72,949,250,000  versus a total put value of  37,400,000 Combined total value = 72,986,650,000

Strike  183  has a total call value of 81,629,900,000  versus a total put value of  17,600,000 Combined total value = 81,647,500,000

Strike  184  has a total call value of 90,365,000,000  versus a total put value of  0 Combined total value = 90,365,000,000

Strike  185  has a total call value of 99,358,600,000  versus a total put value of  0 Combined total value = 99,358,600,000

Strike  186  has a total call value of 109,128,250,000  versus a total put value of  0 Combined total value = 109,128,250,000

Strike  187  has a total call value of 119,038,150,000  versus a total put value of  0 Combined total value = 119,038,150,000

Strike  188  has a total call value of 128,948,050,000  versus a total put value of  0 Combined total value = 128,948,050,000

Strike  189  has a total call value of 139,223,700,000  versus a total put value of  0 Combined total value = 139,223,700,000

Strike  190  has a total call value of 149,499,350,000  versus a total put value of  0 Combined total value = 149,499,350,000

Strike  191  has a total call value of 160,913,500,000  versus a total put value of  0 Combined total value = 160,913,500,000

Strike  192  has a total call value of 172,327,650,000  versus a total put value of  0 Combined total value = 172,327,650,000

Strike  193  has a total call value of 183,752,250,000  versus a total put value of  0 Combined total value = 183,752,250,000

Strike  194  has a total call value of 195,176,850,000  versus a total put value of  0 Combined total value = 195,176,850,000

Strike  195  has a total call value of 206,601,450,000  versus a total put value of  0 Combined total value = 206,601,450,000

Strike  196  has a total call value of 218,026,050,000  versus a total put value of  0 Combined total value = 218,026,050,000

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.