TATASTEEL
Tata Steel Limited
Max pain for TATASTEEL
28 Apr 2025 11:07 AM IST
Max Pain for TATASTEEL is 142.5
Strike 100 has a total call value of 0 versus a total put value of 261,642,425,000 Combined total value = 261,642,425,000
Strike 102.5 has a total call value of 0 versus a total put value of 244,498,925,000 Combined total value = 244,498,925,000
Strike 105 has a total call value of 0 versus a total put value of 227,355,425,000 Combined total value = 227,355,425,000
Strike 107.5 has a total call value of 0 versus a total put value of 210,341,175,000 Combined total value = 210,341,175,000
Strike 110 has a total call value of 0 versus a total put value of 193,335,175,000 Combined total value = 193,335,175,000
Strike 112.5 has a total call value of 0 versus a total put value of 176,677,050,000 Combined total value = 176,677,050,000
Strike 115 has a total call value of 0 versus a total put value of 160,018,925,000 Combined total value = 160,018,925,000
Strike 116 has a total call value of 0 versus a total put value of 153,499,225,000 Combined total value = 153,499,225,000
Strike 117.5 has a total call value of 0 versus a total put value of 143,770,000,000 Combined total value = 143,770,000,000
Strike 120 has a total call value of 0 versus a total put value of 127,554,625,000 Combined total value = 127,554,625,000
Strike 122.5 has a total call value of 246,125,000 versus a total put value of 112,454,375,000 Combined total value = 112,700,500,000
Strike 124 has a total call value of 459,800,000 versus a total put value of 103,532,825,000 Combined total value = 103,992,625,000
Strike 125 has a total call value of 602,250,000 versus a total put value of 97,643,425,000 Combined total value = 98,245,675,000
Strike 127.5 has a total call value of 1,296,625,000 versus a total put value of 84,043,300,000 Combined total value = 85,339,925,000
Strike 128 has a total call value of 1,459,975,000 versus a total put value of 81,361,775,000 Combined total value = 82,821,750,000
Strike 130 has a total call value of 2,113,375,000 versus a total put value of 70,875,475,000 Combined total value = 72,988,850,000
Strike 132.5 has a total call value of 3,403,125,000 versus a total put value of 58,996,850,000 Combined total value = 62,399,975,000
Strike 135 has a total call value of 4,763,000,000 versus a total put value of 47,490,850,000 Combined total value = 52,253,850,000
Strike 137.5 has a total call value of 6,714,125,000 versus a total put value of 37,211,350,000 Combined total value = 43,925,475,000
Strike 140 has a total call value of 9,108,000,000 versus a total put value of 27,518,975,000 Combined total value = 36,626,975,000
Strike 142 has a total call value of 13,151,600,000 versus a total put value of 21,983,775,000 Combined total value = 35,135,375,000
Strike 142.5 has a total call value of 14,257,925,000 versus a total put value of 20,599,975,000 Combined total value = 34,857,900,000
Strike 145 has a total call value of 20,988,550,000 versus a total put value of 14,940,475,000 Combined total value = 35,929,025,000
Strike 147.5 has a total call value of 30,436,175,000 versus a total put value of 10,992,850,000 Combined total value = 41,429,025,000
Strike 148 has a total call value of 32,411,225,000 versus a total put value of 10,250,625,000 Combined total value = 42,661,850,000
Strike 150 has a total call value of 40,311,425,000 versus a total put value of 7,330,125,000 Combined total value = 47,641,550,000
Strike 152.5 has a total call value of 53,919,800,000 versus a total put value of 5,706,250,000 Combined total value = 59,626,050,000
Strike 154 has a total call value of 62,272,100,000 versus a total put value of 4,797,925,000 Combined total value = 67,070,025,000
Strike 155 has a total call value of 67,908,500,000 versus a total put value of 4,192,375,000 Combined total value = 72,100,875,000
Strike 157.5 has a total call value of 83,562,875,000 versus a total put value of 3,058,000,000 Combined total value = 86,620,875,000
Strike 160 has a total call value of 99,547,250,000 versus a total put value of 2,029,500,000 Combined total value = 101,576,750,000
Strike 162.5 has a total call value of 117,733,000,000 versus a total put value of 1,670,625,000 Combined total value = 119,403,625,000
Strike 165 has a total call value of 136,004,000,000 versus a total put value of 1,311,750,000 Combined total value = 137,315,750,000
Strike 167.5 has a total call value of 154,837,375,000 versus a total put value of 952,875,000 Combined total value = 155,790,250,000
Strike 170 has a total call value of 173,684,500,000 versus a total put value of 594,000,000 Combined total value = 174,278,500,000
Strike 172 has a total call value of 189,477,200,000 versus a total put value of 462,000,000 Combined total value = 189,939,200,000
Strike 172.5 has a total call value of 193,435,275,000 versus a total put value of 429,000,000 Combined total value = 193,864,275,000
Strike 175 has a total call value of 213,225,650,000 versus a total put value of 264,000,000 Combined total value = 213,489,650,000
Strike 177.5 has a total call value of 233,288,275,000 versus a total put value of 132,000,000 Combined total value = 233,420,275,000
Strike 180 has a total call value of 253,350,900,000 versus a total put value of 0 Combined total value = 253,350,900,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 429.3 | 430 |
| ABB | 5488.5 | 5600 |
| ABCAPITAL | 196.76 | 205 |
| ABFRL | 274.3 | 270 |
| ACC | 1938.4 | 2000 |
| ADANIENSOL | 931.05 | 920 |
| ADANIENT | 2393.5 | 2560 |
| ADANIGREEN | 937 | 960 |
| ADANIPORTS | 1213.5 | 1240 |
| ALKEM | 5044.7 | 5100 |
| AMBUJACEM | 548.95 | 570 |
| ANGELONE | 2354.5 | 2350 |
| APLAPOLLO | 1625 | 1600 |
| APOLLOHOSP | 6996.5 | 7100 |
| APOLLOTYRE | 456.1 | 460 |
| ASHOKLEY | 224.96 | 225 |
| ASIANPAINT | 2436.1 | 2460 |
| ASTRAL | 1368.9 | 1380 |
| ATGL | 618.5 | 630 |
| AUBANK | 672 | 650 |
| AUROPHARMA | 1238.5 | 1220 |
| AXISBANK | 1181.5 | 1200 |
| BAJAJ-AUTO | 8048 | 8200 |
| BAJAJFINSV | 2068.1 | 2060 |
| BAJFINANCE | 9039.5 | 9200 |
| BALKRISIND | 2549.9 | 2560 |
| BANDHANBNK | 163 | 170 |
| BANKBARODA | 249.91 | 250 |
| BANKINDIA | 117.48 | 117 |
| BEL | 306.5 | 300 |
| BHARATFORG | 1095.8 | 1100 |
| BHARTIARTL | 1822.7 | 1820 |
| BHEL | 227.41 | 230 |
| BIOCON | 317.3 | 325 |
| BOSCHLTD | 28085 | 28000 |
| BPCL | 304.65 | 300 |
| BRITANNIA | 5432 | 5450 |
| BSE | 6442 | 6250 |
| BSOFT | 386.7 | 400 |
| CAMS | 3947 | 4000 |
| CANBK | 97.75 | 99 |
| CDSL | 1341.4 | 1300 |
| CESC | 158.19 | 157.5 |
| CGPOWER | 635.2 | 650 |
| CHAMBLFERT | 687.15 | 680 |
| CHOLAFIN | 1559.1 | 1540 |
| CIPLA | 1551.1 | 1540 |
| COALINDIA | 397.75 | 405 |
| COFORGE | 7356.5 | 7200 |
| COLPAL | 2680.5 | 2620 |
| CONCOR | 685.35 | 700 |
| CROMPTON | 335 | 340 |
| CUMMINSIND | 2892.6 | 2950 |
| CYIENT | 1175.8 | 1180 |
| DABUR | 484.75 | 490 |
| DALBHARAT | 1990.9 | 1940 |
| DEEPAKNTR | 1970 | 2000 |
| DELHIVERY | 308 | 300 |
| DIVISLAB | 6090 | 6100 |
| DIXON | 16460 | 16000 |
| DLF | 660.65 | 680 |
| DMART | 4410 | 4400 |
| DRREDDY | 1200.2 | 1200 |
| EICHERMOT | 5604.5 | 5700 |
| ESCORTS | 3368.6 | 3400 |
| ETERNAL | 226.94 | 230 |
| EXIDEIND | 370.9 | 380 |
| FEDERALBNK | 199.07 | 200 |
| GAIL | 188.95 | 195 |
| GLENMARK | 1401.5 | 1400 |
| GMRAIRPORT | 88.52 | 88 |
| GODREJCP | 1249.3 | 1250 |
| GODREJPROP | 2107 | 2100 |
| GRANULES | 462.3 | 480 |
| GRASIM | 2759.7 | 2700 |
| HAL | 4415 | 4300 |
| HAVELLS | 1602.9 | 1600 |
| HCLTECH | 1550.2 | 1560 |
| HDFCAMC | 4368 | 4400 |
| HDFCBANK | 1924.1 | 1920 |
| HDFCLIFE | 702 | 710 |
| HEROMOTOCO | 3887.4 | 3900 |
| HFCL | 81.9 | 85 |
| HINDALCO | 629.45 | 630 |
| HINDCOPPER | 218.7 | 220 |
| HINDPETRO | 389.55 | 390 |
| HINDUNILVR | 2329.4 | 2360 |
| HINDZINC | 457.9 | 450 |
| HUDCO | 224.3 | 225 |
| ICICIBANK | 1427.9 | 1420 |
| ICICIGI | 1839.8 | 1860 |
| ICICIPRULI | 597.5 | 600 |
| IDEA | 7.44 | 8 |
| IDFCFIRSTB | 66.05 | 66 |
| IEX | 194.27 | 192.5 |
| IGL | 183.48 | 180 |
| IIFL | 370.6 | 370 |
| INDHOTEL | 798.8 | 800 |
| INDIANB | 578 | 580 |
| INDIGO | 5362.5 | 5300 |
| INDUSINDBK | 838.45 | 820 |
| INDUSTOWER | 405.9 | 400 |
| INFY | 1475.1 | 1480 |
| INOXWIND | 174.76 | 170 |
| IOC | 136.25 | 140 |
| IRB | 46.56 | 48 |
| IRCTC | 761.5 | 780 |
| IREDA | 168.1 | 160 |
| IRFC | 129.08 | 127.5 |
| ITC | 429 | 430 |
| JINDALSTEL | 907 | 900 |
| JIOFIN | 257 | 255 |
| JSL | 558.2 | 580 |
| JSWENERGY | 481.8 | 500 |
| JSWSTEEL | 1049.6 | 1040 |
| JUBLFOOD | 697.4 | 700 |
| KALYANKJIL | 516.95 | 520 |
| KEI | 2982.4 | 3000 |
| KOTAKBANK | 2223 | 2200 |
| KPITTECH | 1211.7 | 1200 |
| LAURUSLABS | 636.6 | 640 |
| LICHSGFIN | 600.9 | 600 |
| LICI | 798.85 | 800 |
| LODHA | 1286.2 | 1300 |
| LT | 3309.8 | 3320 |
| LTF | 165.75 | 162.5 |
| LTIM | 4467.3 | 4500 |
| LUPIN | 2102.2 | 2080 |
| M&M | 2913.6 | 2900 |
| M&MFIN | 262.5 | 270 |
| MANAPPURAM | 229.82 | 230 |
| MARICO | 718.5 | 710 |
| MARUTI | 11777 | 11800 |
| MAXHEALTH | 1089.2 | 1100 |
| MCX | 6128 | 5900 |
| MFSL | 1266.1 | 1260 |
| MGL | 1314.5 | 1300 |
| MOTHERSON | 133.92 | 137.5 |
| MPHASIS | 2442.9 | 2500 |
| MRF | 129580 | 128000 |
| MUTHOOTFIN | 2127.8 | 2120 |
| NATIONALUM | 159.46 | 170 |
| NAUKRI | 6946 | 7100 |
| NBCC | 96.04 | 100 |
| NCC | 217.3 | 220 |
| NESTLEIND | 2402.5 | 2400 |
| NHPC | 86.34 | 88 |
| NMDC | 65.66 | 69 |
| NTPC | 361.7 | 365 |
| NYKAA | 194.75 | 190 |
| OBEROIRLTY | 1631.8 | 1640 |
| OFSS | 8659.5 | 8600 |
| OIL | 402.35 | 400 |
| ONGC | 250.1 | 250 |
| PAGEIND | 44700 | 45000 |
| PATANJALI | 1955.9 | 2000 |
| PAYTM | 883.75 | 880 |
| PEL | 985.9 | 1000 |
| PERSISTENT | 5232 | 5200 |
| PETRONET | 311.3 | 315 |
| PFC | 419.75 | 440 |
| PHOENIXLTD | 1627.2 | 1700 |
| PIDILITIND | 3007 | 3000 |
| PIIND | 3633.5 | 3650 |
| PNB | 101.07 | 103 |
| PNBHOUSING | 985.15 | 1000 |
| POLICYBZR | 1602.4 | 1620 |
| POLYCAB | 5536.5 | 5500 |
| POONAWALLA | 370.65 | 380 |
| POWERGRID | 310.7 | 315 |
| PRESTIGE | 1299.6 | 1300 |
| RAMCOCEM | 964.5 | 970 |
| RBLBANK | 200.23 | 197.5 |
| RECLTD | 428.05 | 440 |
| RELIANCE | 1356.7 | 1320 |
| SAIL | 116.95 | 120 |
| SBICARD | 863.25 | 880 |
| SBILIFE | 1691.5 | 1700 |
| SBIN | 808.4 | 810 |
| SHREECEM | 30570 | 31000 |
| SHRIRAMFIN | 621.25 | 630 |
| SIEMENS | 2871 | 2900 |
| SJVN | 97 | 100 |
| SOLARINDS | 13025 | 13000 |
| SONACOMS | 456.4 | 460 |
| SRF | 2998.5 | 3000 |
| SUNPHARMA | 1836.7 | 1780 |
| SUPREMEIND | 3571.8 | 3500 |
| SYNGENE | 620.55 | 650 |
| TATACHEM | 833.15 | 870 |
| TATACOMM | 1571.6 | 1600 |
| TATACONSUM | 1152.5 | 1130 |
| TATAELXSI | 5624.5 | 5500 |
| TATAMOTORS | 664.5 | 670 |
| TATAPOWER | 395.85 | 400 |
| TATASTEEL | 141.32 | 142.5 |
| TATATECH | 708.65 | 680 |
| TCS | 3433.2 | 3400 |
| TECHM | 1456.8 | 1440 |
| TIINDIA | 2608 | 2600 |
| TITAGARH | 778 | 800 |
| TITAN | 3396 | 3340 |
| TORNTPHARM | 3329.8 | 3300 |
| TORNTPOWER | 1563.6 | 1600 |
| TRENT | 5200 | 5300 |
| TVSMOTOR | 2739 | 2740 |
| ULTRACEMCO | 12290 | 12100 |
| UNIONBANK | 127.18 | 130 |
| UNITDSPR | 1535.1 | 1520 |
| UPL | 674.7 | 670 |
| VBL | 534.4 | 530 |
| VEDL | 417 | 430 |
| VOLTAS | 1238.4 | 1300 |
| WIPRO | 240.25 | 240 |
| YESBANK | 17.92 | 18 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 877.2 | 880 |
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.
