TATASTEEL
Tata Steel Limited
Max pain for TATASTEEL
14 Jan 2025 02:23 PM IST
Max Pain for TATASTEEL is 135
Strike 100 has a total call value of 0 versus a total put value of 435,231,775,000 Combined total value = 435,231,775,000
Strike 101 has a total call value of 0 versus a total put value of 422,539,975,000 Combined total value = 422,539,975,000
Strike 102 has a total call value of 0 versus a total put value of 409,848,175,000 Combined total value = 409,848,175,000
Strike 102.5 has a total call value of 0 versus a total put value of 403,502,275,000 Combined total value = 403,502,275,000
Strike 103 has a total call value of 0 versus a total put value of 397,156,375,000 Combined total value = 397,156,375,000
Strike 104 has a total call value of 0 versus a total put value of 384,464,575,000 Combined total value = 384,464,575,000
Strike 105 has a total call value of 0 versus a total put value of 371,772,775,000 Combined total value = 371,772,775,000
Strike 106 has a total call value of 0 versus a total put value of 359,080,975,000 Combined total value = 359,080,975,000
Strike 107 has a total call value of 0 versus a total put value of 346,389,175,000 Combined total value = 346,389,175,000
Strike 107.5 has a total call value of 0 versus a total put value of 340,043,275,000 Combined total value = 340,043,275,000
Strike 108 has a total call value of 0 versus a total put value of 333,697,375,000 Combined total value = 333,697,375,000
Strike 109 has a total call value of 0 versus a total put value of 321,124,925,000 Combined total value = 321,124,925,000
Strike 110 has a total call value of 0 versus a total put value of 308,552,475,000 Combined total value = 308,552,475,000
Strike 111 has a total call value of 1,650,000 versus a total put value of 296,276,475,000 Combined total value = 296,278,125,000
Strike 112 has a total call value of 3,300,000 versus a total put value of 284,061,525,000 Combined total value = 284,064,825,000
Strike 112.5 has a total call value of 4,125,000 versus a total put value of 277,972,200,000 Combined total value = 277,976,325,000
Strike 113 has a total call value of 4,950,000 versus a total put value of 271,882,875,000 Combined total value = 271,887,825,000
Strike 114 has a total call value of 6,600,000 versus a total put value of 259,743,275,000 Combined total value = 259,749,875,000
Strike 115 has a total call value of 8,250,000 versus a total put value of 247,735,675,000 Combined total value = 247,743,925,000
Strike 116 has a total call value of 14,300,000 versus a total put value of 236,157,075,000 Combined total value = 236,171,375,000
Strike 117 has a total call value of 34,100,000 versus a total put value of 224,759,975,000 Combined total value = 224,794,075,000
Strike 117.5 has a total call value of 44,000,000 versus a total put value of 219,161,800,000 Combined total value = 219,205,800,000
Strike 118 has a total call value of 53,900,000 versus a total put value of 213,563,625,000 Combined total value = 213,617,525,000
Strike 119 has a total call value of 149,600,000 versus a total put value of 202,553,175,000 Combined total value = 202,702,775,000
Strike 120 has a total call value of 257,950,000 versus a total put value of 191,620,275,000 Combined total value = 191,878,225,000
Strike 121 has a total call value of 629,750,000 versus a total put value of 181,412,825,000 Combined total value = 182,042,575,000
Strike 122 has a total call value of 1,021,350,000 versus a total put value of 171,303,275,000 Combined total value = 172,324,625,000
Strike 122.5 has a total call value of 1,237,500,000 versus a total put value of 166,489,125,000 Combined total value = 167,726,625,000
Strike 123 has a total call value of 1,453,650,000 versus a total put value of 161,674,975,000 Combined total value = 163,128,625,000
Strike 124 has a total call value of 1,932,700,000 versus a total put value of 152,256,775,000 Combined total value = 154,189,475,000
Strike 125 has a total call value of 2,506,900,000 versus a total put value of 143,119,625,000 Combined total value = 145,626,525,000
Strike 126 has a total call value of 3,633,850,000 versus a total put value of 134,711,775,000 Combined total value = 138,345,625,000
Strike 127 has a total call value of 4,910,400,000 versus a total put value of 126,539,325,000 Combined total value = 131,449,725,000
Strike 127.5 has a total call value of 5,695,800,000 versus a total put value of 122,602,700,000 Combined total value = 128,298,500,000
Strike 128 has a total call value of 6,481,200,000 versus a total put value of 118,735,925,000 Combined total value = 125,217,125,000
Strike 129 has a total call value of 8,429,850,000 versus a total put value of 111,207,525,000 Combined total value = 119,637,375,000
Strike 130 has a total call value of 10,536,900,000 versus a total put value of 103,884,275,000 Combined total value = 114,421,175,000
Strike 131 has a total call value of 14,127,850,000 versus a total put value of 97,290,325,000 Combined total value = 111,418,175,000
Strike 132 has a total call value of 18,011,950,000 versus a total put value of 90,788,775,000 Combined total value = 108,800,725,000
Strike 132.5 has a total call value of 20,187,750,000 versus a total put value of 87,627,100,000 Combined total value = 107,814,850,000
Strike 133 has a total call value of 22,490,050,000 versus a total put value of 84,571,025,000 Combined total value = 107,061,075,000
Strike 134 has a total call value of 27,422,450,000 versus a total put value of 78,565,575,000 Combined total value = 105,988,025,000
Strike 135 has a total call value of 32,575,950,000 versus a total put value of 72,632,725,000 Combined total value = 105,208,675,000
Strike 136 has a total call value of 39,277,700,000 versus a total put value of 67,730,575,000 Combined total value = 107,008,275,000
Strike 137 has a total call value of 46,232,450,000 versus a total put value of 62,909,275,000 Combined total value = 109,141,725,000
Strike 137.5 has a total call value of 49,836,600,000 versus a total put value of 60,567,375,000 Combined total value = 110,403,975,000
Strike 138 has a total call value of 53,672,025,000 versus a total put value of 58,314,575,000 Combined total value = 111,986,600,000
Strike 139 has a total call value of 61,919,825,000 versus a total put value of 53,955,275,000 Combined total value = 115,875,100,000
Strike 140 has a total call value of 70,453,075,000 versus a total put value of 49,691,675,000 Combined total value = 120,144,750,000
Strike 141 has a total call value of 81,932,125,000 versus a total put value of 46,304,775,000 Combined total value = 128,236,900,000
Strike 142 has a total call value of 93,616,325,000 versus a total put value of 42,917,875,000 Combined total value = 136,534,200,000
Strike 142.5 has a total call value of 99,733,975,000 versus a total put value of 41,244,500,000 Combined total value = 140,978,475,000
Strike 143 has a total call value of 106,124,425,000 versus a total put value of 39,716,600,000 Combined total value = 145,841,025,000
Strike 144 has a total call value of 119,116,525,000 versus a total put value of 36,660,800,000 Combined total value = 155,777,325,000
Strike 145 has a total call value of 132,278,025,000 versus a total put value of 33,605,000,000 Combined total value = 165,883,025,000
Strike 146 has a total call value of 147,010,875,000 versus a total put value of 31,233,950,000 Combined total value = 178,244,825,000
Strike 147 has a total call value of 161,834,475,000 versus a total put value of 28,862,900,000 Combined total value = 190,697,375,000
Strike 147.5 has a total call value of 169,246,275,000 versus a total put value of 27,677,375,000 Combined total value = 196,923,650,000
Strike 148 has a total call value of 176,803,550,000 versus a total put value of 26,528,425,000 Combined total value = 203,331,975,000
Strike 149 has a total call value of 192,019,300,000 versus a total put value of 24,230,525,000 Combined total value = 216,249,825,000
Strike 150 has a total call value of 207,298,300,000 versus a total put value of 21,932,625,000 Combined total value = 229,230,925,000
Strike 151 has a total call value of 224,672,250,000 versus a total put value of 20,333,225,000 Combined total value = 245,005,475,000
Strike 152 has a total call value of 242,111,100,000 versus a total put value of 18,733,825,000 Combined total value = 260,844,925,000
Strike 152.5 has a total call value of 250,860,225,000 versus a total put value of 17,934,125,000 Combined total value = 268,794,350,000
Strike 153 has a total call value of 259,723,750,000 versus a total put value of 17,134,425,000 Combined total value = 276,858,175,000
Strike 154 has a total call value of 277,450,800,000 versus a total put value of 15,535,025,000 Combined total value = 292,985,825,000
Strike 155 has a total call value of 295,253,750,000 versus a total put value of 13,935,625,000 Combined total value = 309,189,375,000
Strike 156 has a total call value of 313,676,000,000 versus a total put value of 12,680,525,000 Combined total value = 326,356,525,000
Strike 157 has a total call value of 332,155,450,000 versus a total put value of 11,425,425,000 Combined total value = 343,580,875,000
Strike 157.5 has a total call value of 341,395,175,000 versus a total put value of 10,797,875,000 Combined total value = 352,193,050,000
Strike 158 has a total call value of 350,673,675,000 versus a total put value of 10,170,325,000 Combined total value = 360,844,000,000
Strike 159 has a total call value of 369,230,675,000 versus a total put value of 8,915,225,000 Combined total value = 378,145,900,000
Strike 160 has a total call value of 387,787,675,000 versus a total put value of 7,660,125,000 Combined total value = 395,447,800,000
Strike 161 has a total call value of 407,628,925,000 versus a total put value of 6,918,175,000 Combined total value = 414,547,100,000
Strike 162 has a total call value of 427,470,175,000 versus a total put value of 6,176,225,000 Combined total value = 433,646,400,000
Strike 162.5 has a total call value of 437,390,800,000 versus a total put value of 5,805,250,000 Combined total value = 443,196,050,000
Strike 163 has a total call value of 447,347,175,000 versus a total put value of 5,445,550,000 Combined total value = 452,792,725,000
Strike 164 has a total call value of 467,259,925,000 versus a total put value of 4,726,150,000 Combined total value = 471,986,075,000
Strike 165 has a total call value of 487,172,675,000 versus a total put value of 4,006,750,000 Combined total value = 491,179,425,000
Strike 166 has a total call value of 507,360,425,000 versus a total put value of 3,447,400,000 Combined total value = 510,807,825,000
Strike 167 has a total call value of 527,548,175,000 versus a total put value of 2,888,050,000 Combined total value = 530,436,225,000
Strike 167.5 has a total call value of 537,642,050,000 versus a total put value of 2,608,375,000 Combined total value = 540,250,425,000
Strike 168 has a total call value of 547,735,925,000 versus a total put value of 2,328,700,000 Combined total value = 550,064,625,000
Strike 169 has a total call value of 567,923,675,000 versus a total put value of 1,769,350,000 Combined total value = 569,693,025,000
Strike 170 has a total call value of 588,111,425,000 versus a total put value of 1,210,000,000 Combined total value = 589,321,425,000
Strike 171 has a total call value of 608,959,725,000 versus a total put value of 968,000,000 Combined total value = 609,927,725,000
Strike 172 has a total call value of 629,808,025,000 versus a total put value of 726,000,000 Combined total value = 630,534,025,000
Strike 172.5 has a total call value of 640,232,175,000 versus a total put value of 605,000,000 Combined total value = 640,837,175,000
Strike 173 has a total call value of 650,656,325,000 versus a total put value of 484,000,000 Combined total value = 651,140,325,000
Strike 174 has a total call value of 671,504,625,000 versus a total put value of 242,000,000 Combined total value = 671,746,625,000
Strike 175 has a total call value of 692,352,925,000 versus a total put value of 0 Combined total value = 692,352,925,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 409.1 | 420 |
| ABB | 6153.25 | 6600 |
| ABBOTINDIA | 28295 | 29000 |
| ABCAPITAL | 174.93 | 182.5 |
| ABFRL | 271 | 280 |
| ACC | 1946.2 | 2060 |
| ADANIENSOL | 777.95 | 780 |
| ADANIENT | 2391.5 | 2500 |
| ADANIGREEN | 1008.05 | 1000 |
| ADANIPORTS | 1124.2 | 1180 |
| ALKEM | 5274.85 | 5400 |
| AMBUJACEM | 513.9 | 550 |
| ANGELONE | 2384.7 | 2500 |
| APLAPOLLO | 1468.9 | 1500 |
| APOLLOHOSP | 6699.95 | 7050 |
| APOLLOTYRE | 453.6 | 470 |
| ASHOKLEY | 210.96 | 220 |
| ASIANPAINT | 2246 | 2300 |
| ASTRAL | 1494.6 | 1600 |
| ATGL | 681.65 | 670 |
| ATUL | 6756 | 6700 |
| AUBANK | 577.9 | 565 |
| AUROPHARMA | 1178.3 | 1220 |
| AXISBANK | 1057.25 | 1080 |
| BAJAJ-AUTO | 8613.7 | 8900 |
| BAJAJFINSV | 1708.55 | 1640 |
| BAJFINANCE | 7340.55 | 7200 |
| BALKRISIND | 2708.35 | 2800 |
| BANDHANBNK | 145.8 | 160 |
| BANKBARODA | 226.16 | 240 |
| BANKINDIA | 94.42 | 98 |
| BATAINDIA | 1342.05 | 1380 |
| BEL | 268.55 | 280 |
| BERGEPAINT | 462.9 | 460 |
| BHARATFORG | 1192.9 | 1260 |
| BHARTIARTL | 1588.5 | 1600 |
| BHEL | 196.75 | 220 |
| BIOCON | 389.5 | 375 |
| BOSCHLTD | 31629.2 | 33000 |
| BPCL | 270.4 | 280 |
| BRITANNIA | 4870.4 | 4850 |
| BSE | 5465.35 | 5300 |
| BSOFT | 534.5 | 560 |
| CAMS | 4254.25 | 4700 |
| CANBK | 93.86 | 98 |
| CANFINHOME | 668.3 | 700 |
| CDSL | 1574.85 | 1700 |
| CESC | 153.56 | 160 |
| CGPOWER | 635 | 660 |
| CHAMBLFERT | 474.8 | 490 |
| CHOLAFIN | 1273 | 1260 |
| CIPLA | 1446 | 1500 |
| COALINDIA | 368.7 | 385 |
| COFORGE | 8592.7 | 9100 |
| COLPAL | 2705.75 | 2800 |
| CONCOR | 761.5 | 780 |
| COROMANDEL | 1823.3 | 1880 |
| CROMPTON | 358.75 | 370 |
| CUB | 167.19 | 170 |
| CUMMINSIND | 2943.55 | 3150 |
| CYIENT | 1696.1 | 1720 |
| DABUR | 511.2 | 515 |
| DALBHARAT | 1731.55 | 1740 |
| DEEPAKNTR | 2344.45 | 2450 |
| DELHIVERY | 324.85 | 335 |
| DIVISLAB | 5955.6 | 5900 |
| DIXON | 16229.45 | 17000 |
| DLF | 724.3 | 770 |
| DMART | 3467.25 | 3700 |
| DRREDDY | 1337.25 | 1350 |
| EICHERMOT | 5024.5 | 5000 |
| ESCORTS | 3439.75 | 3300 |
| EXIDEIND | 382.4 | 410 |
| FEDERALBNK | 194.24 | 197.5 |
| GAIL | 175.49 | 190 |
| GLENMARK | 1513.7 | 1560 |
| GMRAIRPORT | 71.65 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 537.6 | 550 |
| GODREJCP | 1138.25 | 1140 |
| GODREJPROP | 2303.45 | 2500 |
| GRANULES | 589.9 | 590 |
| GRASIM | 2304 | 2480 |
| GUJGASLTD | 487.6 | 495 |
| HAL | 3824 | 4150 |
| HAVELLS | 1542 | 1600 |
| HCLTECH | 1825.7 | 1840 |
| HDFCAMC | 3920.55 | 3950 |
| HDFCBANK | 1653.75 | 1700 |
| HDFCLIFE | 599.65 | 620 |
| HEROMOTOCO | 4105.25 | 4200 |
| HFCL | 98.28 | 105 |
| HINDALCO | 589.1 | 600 |
| HINDCOPPER | 224 | 250 |
| HINDPETRO | 371.75 | 390 |
| HINDUNILVR | 2372 | 2400 |
| HUDCO | 213.96 | 220 |
| ICICIBANK | 1240.9 | 1270 |
| ICICIGI | 1825.55 | 1860 |
| ICICIPRULI | 640 | 650 |
| IDEA | 8.12 | 8 |
| IDFCFIRSTB | 62.34 | 63 |
| IEX | 167.08 | 175 |
| IGL | 410.05 | 410 |
| INDHOTEL | 772.9 | 800 |
| INDIAMART | 2254.8 | 2300 |
| INDIANB | 505.65 | 520 |
| INDIGO | 3997.7 | 4250 |
| INDUSINDBK | 973.8 | 980 |
| INDUSTOWER | 339.35 | 340 |
| INFY | 1941.5 | 1940 |
| IOC | 126.52 | 135 |
| IPCALAB | 1589.3 | 1640 |
| IRB | 51.31 | 55 |
| IRCTC | 757.8 | 790 |
| IRFC | 134.77 | 137.5 |
| ITC | 436.65 | 445 |
| JINDALSTEL | 911.65 | 940 |
| JIOFIN | 272.1 | 285 |
| JKCEMENT | 4378.85 | 4500 |
| JSL | 629 | 630 |
| JSWENERGY | 549.55 | 570 |
| JSWSTEEL | 902.6 | 920 |
| JUBLFOOD | 709.1 | 730 |
| KALYANKJIL | 599.45 | 640 |
| KEI | 4025 | 4200 |
| KOTAKBANK | 1762.95 | 1800 |
| KPITTECH | 1330.25 | 1400 |
| LALPATHLAB | 2811.45 | 2950 |
| LAURUSLABS | 567 | 590 |
| LICHSGFIN | 553.6 | 580 |
| LICI | 822.95 | 860 |
| LODHA | 1141.8 | 1260 |
| LT | 3464.05 | 3600 |
| LTF | 133.34 | 140 |
| LTIM | 5807.95 | 5800 |
| LTTS | 4717.8 | 4800 |
| LUPIN | 2156.5 | 2240 |
| M&M | 3058.7 | 3100 |
| M&MFIN | 266.2 | 270 |
| MANAPPURAM | 177.7 | 190 |
| MARICO | 658.15 | 660 |
| MARUTI | 11727.65 | 11600 |
| MAXHEALTH | 1086 | 1140 |
| MCX | 5714 | 6000 |
| METROPOLIS | 1875.95 | 2000 |
| MFSL | 1054.9 | 1100 |
| MGL | 1275 | 1280 |
| MOTHERSON | 145.66 | 155 |
| MPHASIS | 2788.9 | 2900 |
| MRF | 114499.95 | 118000 |
| MUTHOOTFIN | 2125.05 | 2140 |
| NATIONALUM | 198.88 | 210 |
| NAUKRI | 7450.1 | 8000 |
| NAVINFLUOR | 3607.3 | 3650 |
| NCC | 245.9 | 260 |
| NESTLEIND | 2215.3 | 2200 |
| NHPC | 76.69 | 78 |
| NMDC | 63.11 | 67 |
| NTPC | 310.1 | 320 |
| NYKAA | 165.11 | 167.5 |
| OBEROIRLTY | 1988.6 | 2140 |
| OFSS | 10760.05 | 11500 |
| OIL | 466.15 | 460 |
| ONGC | 259.4 | 257.5 |
| PAGEIND | 46366.05 | 47000 |
| PAYTM | 824.95 | 880 |
| PEL | 1026 | 1080 |
| PERSISTENT | 5900.6 | 6200 |
| PETRONET | 324.65 | 335 |
| PFC | 417.35 | 440 |
| PIDILITIND | 2814.7 | 2900 |
| PIIND | 3480.05 | 3600 |
| PNB | 98.95 | 101 |
| POLICYBZR | 1750.4 | 1900 |
| POLYCAB | 6435.4 | 6800 |
| POONAWALLA | 308.6 | 315 |
| POWERGRID | 290.75 | 305 |
| PRESTIGE | 1426.45 | 1550 |
| PVRINOX | 1088.45 | 1180 |
| RAMCOCEM | 887.45 | 930 |
| RBLBANK | 153.72 | 160 |
| RECLTD | 476.1 | 500 |
| RELIANCE | 1230.25 | 1250 |
| SAIL | 105.81 | 110 |
| SBICARD | 732.8 | 730 |
| SBILIFE | 1496.85 | 1440 |
| SBIN | 756.2 | 780 |
| SHREECEM | 25086.3 | 25750 |
| SHRIRAMFIN | 542.05 | 570 |
| SIEMENS | 5861.25 | 6300 |
| SJVN | 94.33 | 100 |
| SONACOMS | 568.1 | 580 |
| SRF | 2509.25 | 2560 |
| SUNPHARMA | 1769.95 | 1820 |
| SUNTV | 658.35 | 670 |
| SUPREMEIND | 4379.35 | 4500 |
| SYNGENE | 828.4 | 850 |
| TATACHEM | 971 | 1020 |
| TATACOMM | 1679.75 | 1740 |
| TATACONSUM | 961.05 | 950 |
| TATAELXSI | 6076.25 | 6200 |
| TATAMOTORS | 772.75 | 780 |
| TATAPOWER | 356.6 | 380 |
| TATASTEEL | 126.91 | 135 |
| TCS | 4241.4 | 4200 |
| TECHM | 1661.55 | 1680 |
| TIINDIA | 3305 | 3550 |
| TITAN | 3320.25 | 3400 |
| TORNTPHARM | 3248.55 | 3350 |
| TRENT | 6164.15 | 6700 |
| TVSMOTOR | 2239.45 | 2320 |
| UBL | 1962.4 | 2000 |
| ULTRACEMCO | 10496.95 | 11100 |
| UNIONBANK | 104.35 | 110 |
| UNITDSPR | 1413.5 | 1500 |
| UPL | 541.9 | 530 |
| VBL | 565.25 | 600 |
| VEDL | 431.55 | 450 |
| VOLTAS | 1641 | 1720 |
| WIPRO | 293.4 | 295 |
| YESBANK | 17.9 | 19 |
| ZOMATO | 235.05 | 250 |
| ZYDUSLIFE | 996.8 | 1000 |
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.
