TATASTEEL
Tata Steel Limited
Max pain for TATASTEEL
28 Feb 2025 04:12 PM IST
Max Pain for TATASTEEL is 140
Strike 108 has a total call value of 0 versus a total put value of 223,580,500,000 Combined total value = 223,580,500,000
Strike 109 has a total call value of 0 versus a total put value of 215,724,850,000 Combined total value = 215,724,850,000
Strike 110 has a total call value of 0 versus a total put value of 207,869,200,000 Combined total value = 207,869,200,000
Strike 111 has a total call value of 0 versus a total put value of 200,150,500,000 Combined total value = 200,150,500,000
Strike 112 has a total call value of 0 versus a total put value of 192,431,800,000 Combined total value = 192,431,800,000
Strike 113 has a total call value of 0 versus a total put value of 184,757,100,000 Combined total value = 184,757,100,000
Strike 114 has a total call value of 0 versus a total put value of 177,082,400,000 Combined total value = 177,082,400,000
Strike 115 has a total call value of 0 versus a total put value of 169,481,950,000 Combined total value = 169,481,950,000
Strike 116 has a total call value of 0 versus a total put value of 161,881,500,000 Combined total value = 161,881,500,000
Strike 117 has a total call value of 0 versus a total put value of 154,350,350,000 Combined total value = 154,350,350,000
Strike 118 has a total call value of 0 versus a total put value of 146,819,200,000 Combined total value = 146,819,200,000
Strike 119 has a total call value of 0 versus a total put value of 139,460,200,000 Combined total value = 139,460,200,000
Strike 120 has a total call value of 0 versus a total put value of 132,169,950,000 Combined total value = 132,169,950,000
Strike 121 has a total call value of 166,650,000 versus a total put value of 125,457,200,000 Combined total value = 125,623,850,000
Strike 122 has a total call value of 333,300,000 versus a total put value of 118,796,700,000 Combined total value = 119,130,000,000
Strike 123 has a total call value of 499,950,000 versus a total put value of 112,178,000,000 Combined total value = 112,677,950,000
Strike 124 has a total call value of 666,600,000 versus a total put value of 105,612,100,000 Combined total value = 106,278,700,000
Strike 125 has a total call value of 833,250,000 versus a total put value of 99,101,200,000 Combined total value = 99,934,450,000
Strike 126 has a total call value of 1,111,550,000 versus a total put value of 92,997,300,000 Combined total value = 94,108,850,000
Strike 127 has a total call value of 1,389,850,000 versus a total put value of 86,972,600,000 Combined total value = 88,362,450,000
Strike 128 has a total call value of 1,668,150,000 versus a total put value of 81,029,300,000 Combined total value = 82,697,450,000
Strike 129 has a total call value of 1,949,200,000 versus a total put value of 75,222,400,000 Combined total value = 77,171,600,000
Strike 130 has a total call value of 2,264,350,000 versus a total put value of 69,553,000,000 Combined total value = 71,817,350,000
Strike 131 has a total call value of 2,916,100,000 versus a total put value of 64,521,050,000 Combined total value = 67,437,150,000
Strike 132 has a total call value of 3,600,850,000 versus a total put value of 59,587,000,000 Combined total value = 63,187,850,000
Strike 133 has a total call value of 4,330,150,000 versus a total put value of 54,795,950,000 Combined total value = 59,126,100,000
Strike 134 has a total call value of 5,112,800,000 versus a total put value of 50,181,450,000 Combined total value = 55,294,250,000
Strike 135 has a total call value of 5,954,300,000 versus a total put value of 45,723,700,000 Combined total value = 51,678,000,000
Strike 136 has a total call value of 7,099,400,000 versus a total put value of 41,890,200,000 Combined total value = 48,989,600,000
Strike 137 has a total call value of 8,396,300,000 versus a total put value of 38,305,850,000 Combined total value = 46,702,150,000
Strike 138 has a total call value of 9,922,550,000 versus a total put value of 35,008,050,000 Combined total value = 44,930,600,000
Strike 139 has a total call value of 11,705,650,000 versus a total put value of 31,891,200,000 Combined total value = 43,596,850,000
Strike 140 has a total call value of 13,625,700,000 versus a total put value of 28,875,550,000 Combined total value = 42,501,250,000
Strike 141 has a total call value of 16,783,800,000 versus a total put value of 26,479,200,000 Combined total value = 43,263,000,000
Strike 142 has a total call value of 20,274,100,000 versus a total put value of 24,189,550,000 Combined total value = 44,463,650,000
Strike 143 has a total call value of 24,131,250,000 versus a total put value of 21,985,150,000 Combined total value = 46,116,400,000
Strike 144 has a total call value of 28,102,800,000 versus a total put value of 19,820,350,000 Combined total value = 47,923,150,000
Strike 145 has a total call value of 32,209,650,000 versus a total put value of 17,725,950,000 Combined total value = 49,935,600,000
Strike 146 has a total call value of 37,203,650,000 versus a total put value of 16,039,650,000 Combined total value = 53,243,300,000
Strike 147 has a total call value of 42,359,350,000 versus a total put value of 14,373,700,000 Combined total value = 56,733,050,000
Strike 148 has a total call value of 47,711,400,000 versus a total put value of 12,728,100,000 Combined total value = 60,439,500,000
Strike 149 has a total call value of 53,264,200,000 versus a total put value of 11,099,550,000 Combined total value = 64,363,750,000
Strike 150 has a total call value of 58,953,950,000 versus a total put value of 9,474,300,000 Combined total value = 68,428,250,000
Strike 151 has a total call value of 65,925,750,000 versus a total put value of 8,564,050,000 Combined total value = 74,489,800,000
Strike 152 has a total call value of 72,986,650,000 versus a total put value of 7,653,800,000 Combined total value = 80,640,450,000
Strike 153 has a total call value of 80,151,500,000 versus a total put value of 6,743,550,000 Combined total value = 86,895,050,000
Strike 154 has a total call value of 87,386,750,000 versus a total put value of 5,833,300,000 Combined total value = 93,220,050,000
Strike 155 has a total call value of 94,878,300,000 versus a total put value of 4,923,050,000 Combined total value = 99,801,350,000
Strike 156 has a total call value of 102,369,850,000 versus a total put value of 4,012,800,000 Combined total value = 106,382,650,000
Strike 157 has a total call value of 110,003,300,000 versus a total put value of 3,132,250,000 Combined total value = 113,135,550,000
Strike 158 has a total call value of 117,636,750,000 versus a total put value of 2,251,700,000 Combined total value = 119,888,450,000
Strike 159 has a total call value of 125,317,500,000 versus a total put value of 1,371,150,000 Combined total value = 126,688,650,000
Strike 160 has a total call value of 132,998,250,000 versus a total put value of 490,600,000 Combined total value = 133,488,850,000
Strike 161 has a total call value of 141,319,750,000 versus a total put value of 245,300,000 Combined total value = 141,565,050,000
Strike 162 has a total call value of 149,641,250,000 versus a total put value of 0 Combined total value = 149,641,250,000
Strike 163 has a total call value of 158,140,950,000 versus a total put value of 0 Combined total value = 158,140,950,000
Strike 164 has a total call value of 166,640,650,000 versus a total put value of 0 Combined total value = 166,640,650,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 376 | 400 |
| ABB | 4935.4 | 5200 |
| ABCAPITAL | 156.33 | 165 |
| ABFRL | 242.15 | 255 |
| ACC | 1818.55 | 2000 |
| ADANIENSOL | 650.9 | 680 |
| ADANIENT | 2096 | 2500 |
| ADANIGREEN | 774.4 | 820 |
| ADANIPORTS | 1069.4 | 1100 |
| ALKEM | 4646.2 | 4650 |
| AMBUJACEM | 464.95 | 510 |
| ANGELONE | 2169.15 | 2100 |
| APLAPOLLO | 1438.95 | 1460 |
| APOLLOHOSP | 6052.6 | 6200 |
| APOLLOTYRE | 374.3 | 400 |
| ASHOKLEY | 212.94 | 220 |
| ASIANPAINT | 2179.75 | 2260 |
| ASTRAL | 1337.25 | 1400 |
| ATGL | 557.15 | 560 |
| AUBANK | 565.7 | 555 |
| AUROPHARMA | 1058.3 | 1100 |
| AXISBANK | 1015.55 | 1030 |
| BAJAJ-AUTO | 7902.9 | 8300 |
| BAJAJFINSV | 1872.3 | 1900 |
| BAJFINANCE | 8530.3 | 8500 |
| BALKRISIND | 2615.65 | 2700 |
| BANDHANBNK | 141.19 | 145 |
| BANKBARODA | 197.07 | 215 |
| BANKINDIA | 95.16 | 100 |
| BEL | 246.25 | 260 |
| BERGEPAINT | 488.55 | 490 |
| BHARATFORG | 1016.5 | 1040 |
| BHARTIARTL | 1570.2 | 1620 |
| BHEL | 179.17 | 195 |
| BIOCON | 302.45 | 320 |
| BOSCHLTD | 26544 | 30000 |
| BPCL | 237.3 | 250 |
| BRITANNIA | 4595.45 | 4800 |
| BSE | 4633.7 | 5100 |
| BSOFT | 424.05 | 450 |
| CAMS | 3143.1 | 3300 |
| CANBK | 80.9 | 88 |
| CDSL | 1107.9 | 1200 |
| CESC | 130.79 | 135 |
| CGPOWER | 572.6 | 580 |
| CHAMBLFERT | 533.7 | 550 |
| CHOLAFIN | 1400.75 | 1400 |
| CIPLA | 1407.5 | 1460 |
| COALINDIA | 369.35 | 380 |
| COFORGE | 7362.15 | 7400 |
| COLPAL | 2464.6 | 2500 |
| CONCOR | 623.7 | 680 |
| CROMPTON | 321.15 | 330 |
| CUMMINSIND | 2717.95 | 2800 |
| CYIENT | 1267.15 | 1300 |
| DABUR | 493.3 | 510 |
| DALBHARAT | 1689.65 | 1700 |
| DEEPAKNTR | 1851.3 | 1900 |
| DELHIVERY | 249.85 | 260 |
| DIVISLAB | 5480.25 | 5650 |
| DIXON | 13935.85 | 14000 |
| DLF | 635.55 | 670 |
| DMART | 3403.95 | 3550 |
| DRREDDY | 1116.5 | 1150 |
| EICHERMOT | 4773.6 | 4950 |
| ESCORTS | 2868.95 | 3000 |
| EXIDEIND | 347.8 | 370 |
| FEDERALBNK | 177.62 | 180 |
| GAIL | 156.04 | 160 |
| GLENMARK | 1278.95 | 1300 |
| GMRAIRPORT | 69.47 | 71 |
| GODREJCP | 1005.15 | 1030 |
| GODREJPROP | 1936.3 | 2000 |
| GRANULES | 461.8 | 490 |
| GRASIM | 2306.65 | 2360 |
| HAL | 3088.2 | 3400 |
| HAVELLS | 1421.8 | 1440 |
| HCLTECH | 1575.05 | 1640 |
| HDFCAMC | 3628.3 | 3800 |
| HDFCBANK | 1732.4 | 1720 |
| HDFCLIFE | 608.5 | 620 |
| HEROMOTOCO | 3681.1 | 3800 |
| HFCL | 79.19 | 85 |
| HINDALCO | 634.35 | 630 |
| HINDCOPPER | 202.32 | 220 |
| HINDPETRO | 293.75 | 310 |
| HINDUNILVR | 2190.25 | 2300 |
| HUDCO | 165.14 | 180 |
| ICICIBANK | 1204.1 | 1250 |
| ICICIGI | 1690.95 | 1720 |
| ICICIPRULI | 551.6 | 560 |
| IDEA | 7.55 | 8 |
| IDFCFIRSTB | 58.39 | 61 |
| IEX | 155.93 | 165 |
| IGL | 189.48 | 195 |
| INDHOTEL | 716.1 | 740 |
| INDIANB | 510.8 | 520 |
| INDIGO | 4477.3 | 4500 |
| INDUSINDBK | 990.1 | 1040 |
| INDUSTOWER | 323.35 | 345 |
| INFY | 1687.7 | 1760 |
| IOC | 113.49 | 120 |
| IRB | 43.26 | 45 |
| IRCTC | 670.95 | 710 |
| IRFC | 112.42 | 115 |
| ITC | 395 | 405 |
| JINDALSTEL | 856.15 | 880 |
| JIOFIN | 207.61 | 220 |
| JKCEMENT | 4389.35 | 4500 |
| JSL | 584.85 | 610 |
| JSWENERGY | 464.1 | 460 |
| JSWSTEEL | 950.7 | 970 |
| JUBLFOOD | 626.1 | 650 |
| KALYANKJIL | 462.25 | 460 |
| KEI | 3070.15 | 3000 |
| KOTAKBANK | 1902.95 | 1940 |
| KPITTECH | 1197.4 | 1260 |
| LAURUSLABS | 527.2 | 540 |
| LICHSGFIN | 496.9 | 530 |
| LICI | 740.5 | 760 |
| LODHA | 1130.9 | 1200 |
| LT | 3163.85 | 3300 |
| LTF | 134.73 | 140 |
| LTIM | 4665.95 | 5000 |
| LTTS | 4533.2 | 4700 |
| LUPIN | 1904.65 | 1900 |
| M&M | 2585.1 | 2700 |
| M&MFIN | 270.6 | 280 |
| MANAPPURAM | 200.96 | 200 |
| MARICO | 600.6 | 620 |
| MARUTI | 11945.85 | 12200 |
| MAXHEALTH | 978.1 | 1020 |
| MCX | 4991.65 | 5400 |
| MFSL | 998.1 | 1040 |
| MGL | 1237.5 | 1300 |
| MOTHERSON | 118.59 | 125 |
| MPHASIS | 2247.25 | 2350 |
| MRF | 105373.7 | 110000 |
| MUTHOOTFIN | 2132.8 | 2200 |
| NATIONALUM | 177.6 | 186 |
| NAUKRI | 6992.65 | 7300 |
| NBCC | 72.86 | 77.5 |
| NCC | 175 | 180 |
| NESTLEIND | 2189.65 | 2260 |
| NHPC | 72.9 | 75 |
| NMDC | 62.48 | 69 |
| NTPC | 311.45 | 320 |
| NYKAA | 158.8 | 160 |
| OBEROIRLTY | 1484.5 | 1520 |
| OFSS | 7763.9 | 8000 |
| OIL | 342.7 | 370 |
| ONGC | 225.25 | 235 |
| PAGEIND | 40515.95 | 42000 |
| PAYTM | 714.95 | 740 |
| PEL | 872.4 | 940 |
| PERSISTENT | 5303.9 | 5400 |
| PETRONET | 283.3 | 290 |
| PFC | 364.3 | 390 |
| PHOENIXLTD | 1548.1 | 1500 |
| PIDILITIND | 2657.9 | 2800 |
| PIIND | 3013.95 | 3100 |
| PNB | 87.39 | 95 |
| POLICYBZR | 1463.6 | 1550 |
| POLYCAB | 4713.4 | 4900 |
| POONAWALLA | 281.3 | 280 |
| POWERGRID | 250.85 | 265 |
| PRESTIGE | 1126.6 | 1150 |
| RAMCOCEM | 829 | 850 |
| RBLBANK | 158.34 | 160 |
| RECLTD | 360.3 | 390 |
| RELIANCE | 1200.1 | 1250 |
| SAIL | 105.02 | 110 |
| SBICARD | 838.8 | 850 |
| SBILIFE | 1430.5 | 1480 |
| SBIN | 688.8 | 720 |
| SHREECEM | 27284 | 27250 |
| SHRIRAMFIN | 617.3 | 610 |
| SIEMENS | 4623.5 | 4800 |
| SJVN | 84.11 | 87.5 |
| SOLARINDS | 8710.6 | 9000 |
| SONACOMS | 493.9 | 500 |
| SRF | 2795.4 | 2800 |
| SUNPHARMA | 1593.25 | 1640 |
| SUPREMEIND | 3329 | 3500 |
| SYNGENE | 652.4 | 700 |
| TATACHEM | 777.35 | 840 |
| TATACOMM | 1352.5 | 1400 |
| TATACONSUM | 963.7 | 1000 |
| TATAELXSI | 5411.1 | 5500 |
| TATAMOTORS | 620.65 | 660 |
| TATAPOWER | 339.2 | 360 |
| TATASTEEL | 137.2 | 140 |
| TCS | 3483.25 | 3650 |
| TECHM | 1487.85 | 1560 |
| TIINDIA | 2462.15 | 2600 |
| TITAN | 3077.25 | 3200 |
| TORNTPHARM | 2948.1 | 3000 |
| TORNTPOWER | 1262.95 | 1300 |
| TRENT | 4851.55 | 5000 |
| TVSMOTOR | 2225.5 | 2320 |
| ULTRACEMCO | 10128.45 | 10500 |
| UNIONBANK | 112.1 | 115 |
| UNITDSPR | 1284.45 | 1300 |
| UPL | 632.95 | 640 |
| USDINR | 0 | 77.25 |
| VBL | 436.05 | 470 |
| VEDL | 394.75 | 430 |
| VOLTAS | 1320.1 | 1300 |
| WIPRO | 277.65 | 290 |
| YESBANK | 16.75 | 18 |
| ZOMATO | 222.1 | 230 |
| ZYDUSLIFE | 876.6 | 900 |
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.
