TATASTEEL
Tata Steel Limited
Max pain for TATASTEEL
13 Mar 2025 04:12 PM IST
Max Pain for TATASTEEL is 150
Strike 108 has a total call value of 0 versus a total put value of 505,083,700,000 Combined total value = 505,083,700,000
Strike 109 has a total call value of 0 versus a total put value of 489,335,000,000 Combined total value = 489,335,000,000
Strike 110 has a total call value of 0 versus a total put value of 473,586,300,000 Combined total value = 473,586,300,000
Strike 111 has a total call value of 0 versus a total put value of 458,031,750,000 Combined total value = 458,031,750,000
Strike 112 has a total call value of 0 versus a total put value of 442,477,200,000 Combined total value = 442,477,200,000
Strike 113 has a total call value of 0 versus a total put value of 427,010,100,000 Combined total value = 427,010,100,000
Strike 114 has a total call value of 0 versus a total put value of 411,543,000,000 Combined total value = 411,543,000,000
Strike 115 has a total call value of 0 versus a total put value of 396,176,550,000 Combined total value = 396,176,550,000
Strike 116 has a total call value of 0 versus a total put value of 380,810,100,000 Combined total value = 380,810,100,000
Strike 117 has a total call value of 0 versus a total put value of 365,443,650,000 Combined total value = 365,443,650,000
Strike 118 has a total call value of 0 versus a total put value of 350,077,200,000 Combined total value = 350,077,200,000
Strike 119 has a total call value of 0 versus a total put value of 334,710,750,000 Combined total value = 334,710,750,000
Strike 120 has a total call value of 0 versus a total put value of 319,411,400,000 Combined total value = 319,411,400,000
Strike 121 has a total call value of 0 versus a total put value of 304,718,700,000 Combined total value = 304,718,700,000
Strike 122 has a total call value of 0 versus a total put value of 290,102,450,000 Combined total value = 290,102,450,000
Strike 123 has a total call value of 0 versus a total put value of 275,528,000,000 Combined total value = 275,528,000,000
Strike 124 has a total call value of 0 versus a total put value of 261,057,500,000 Combined total value = 261,057,500,000
Strike 125 has a total call value of 0 versus a total put value of 246,731,100,000 Combined total value = 246,731,100,000
Strike 126 has a total call value of 91,300,000 versus a total put value of 232,898,600,000 Combined total value = 232,989,900,000
Strike 127 has a total call value of 182,600,000 versus a total put value of 219,183,250,000 Combined total value = 219,365,850,000
Strike 128 has a total call value of 273,900,000 versus a total put value of 205,585,600,000 Combined total value = 205,859,500,000
Strike 129 has a total call value of 365,200,000 versus a total put value of 192,159,550,000 Combined total value = 192,524,750,000
Strike 130 has a total call value of 456,500,000 versus a total put value of 178,977,150,000 Combined total value = 179,433,650,000
Strike 131 has a total call value of 782,650,000 versus a total put value of 167,025,650,000 Combined total value = 167,808,300,000
Strike 132 has a total call value of 1,108,800,000 versus a total put value of 155,234,750,000 Combined total value = 156,343,550,000
Strike 133 has a total call value of 1,434,950,000 versus a total put value of 143,697,400,000 Combined total value = 145,132,350,000
Strike 134 has a total call value of 1,761,100,000 versus a total put value of 132,385,550,000 Combined total value = 134,146,650,000
Strike 135 has a total call value of 2,087,250,000 versus a total put value of 121,288,200,000 Combined total value = 123,375,450,000
Strike 136 has a total call value of 2,610,300,000 versus a total put value of 111,261,700,000 Combined total value = 113,872,000,000
Strike 137 has a total call value of 3,257,100,000 versus a total put value of 101,534,950,000 Combined total value = 104,792,050,000
Strike 138 has a total call value of 4,081,000,000 versus a total put value of 92,091,450,000 Combined total value = 96,172,450,000
Strike 139 has a total call value of 5,007,200,000 versus a total put value of 82,932,850,000 Combined total value = 87,940,050,000
Strike 140 has a total call value of 5,968,050,000 versus a total put value of 73,977,200,000 Combined total value = 79,945,250,000
Strike 141 has a total call value of 7,534,450,000 versus a total put value of 66,459,250,000 Combined total value = 73,993,700,000
Strike 142 has a total call value of 9,100,850,000 versus a total put value of 59,103,550,000 Combined total value = 68,204,400,000
Strike 143 has a total call value of 11,000,550,000 versus a total put value of 52,053,100,000 Combined total value = 63,053,650,000
Strike 144 has a total call value of 12,958,000,000 versus a total put value of 45,263,350,000 Combined total value = 58,221,350,000
Strike 145 has a total call value of 15,077,700,000 versus a total put value of 38,799,750,000 Combined total value = 53,877,450,000
Strike 146 has a total call value of 17,680,300,000 versus a total put value of 33,612,700,000 Combined total value = 51,293,000,000
Strike 147 has a total call value of 20,398,400,000 versus a total put value of 28,733,650,000 Combined total value = 49,132,050,000
Strike 148 has a total call value of 23,464,100,000 versus a total put value of 24,168,100,000 Combined total value = 47,632,200,000
Strike 149 has a total call value of 26,703,050,000 versus a total put value of 20,171,800,000 Combined total value = 46,874,850,000
Strike 150 has a total call value of 30,141,100,000 versus a total put value of 16,437,850,000 Combined total value = 46,578,950,000
Strike 151 has a total call value of 34,971,200,000 versus a total put value of 13,883,100,000 Combined total value = 48,854,300,000
Strike 152 has a total call value of 40,317,200,000 versus a total put value of 11,667,150,000 Combined total value = 51,984,350,000
Strike 153 has a total call value of 46,190,650,000 versus a total put value of 9,731,150,000 Combined total value = 55,921,800,000
Strike 154 has a total call value of 52,416,100,000 versus a total put value of 8,073,450,000 Combined total value = 60,489,550,000
Strike 155 has a total call value of 59,216,850,000 versus a total put value of 6,492,750,000 Combined total value = 65,709,600,000
Strike 156 has a total call value of 69,698,750,000 versus a total put value of 5,255,250,000 Combined total value = 74,954,000,000
Strike 157 has a total call value of 80,540,900,000 versus a total put value of 4,079,350,000 Combined total value = 84,620,250,000
Strike 158 has a total call value of 91,648,150,000 versus a total put value of 2,938,100,000 Combined total value = 94,586,250,000
Strike 159 has a total call value of 103,103,000,000 versus a total put value of 1,862,300,000 Combined total value = 104,965,300,000
Strike 160 has a total call value of 116,165,500,000 versus a total put value of 830,500,000 Combined total value = 116,996,000,000
Strike 161 has a total call value of 131,841,600,000 versus a total put value of 556,600,000 Combined total value = 132,398,200,000
Strike 162 has a total call value of 147,703,600,000 versus a total put value of 293,700,000 Combined total value = 147,997,300,000
Strike 163 has a total call value of 163,873,600,000 versus a total put value of 248,050,000 Combined total value = 164,121,650,000
Strike 164 has a total call value of 180,152,500,000 versus a total put value of 202,400,000 Combined total value = 180,354,900,000
Strike 165 has a total call value of 196,884,600,000 versus a total put value of 156,750,000 Combined total value = 197,041,350,000
Strike 166 has a total call value of 214,193,100,000 versus a total put value of 125,400,000 Combined total value = 214,318,500,000
Strike 167 has a total call value of 231,681,450,000 versus a total put value of 94,050,000 Combined total value = 231,775,500,000
Strike 168 has a total call value of 249,424,450,000 versus a total put value of 62,700,000 Combined total value = 249,487,150,000
Strike 169 has a total call value of 267,545,300,000 versus a total put value of 31,350,000 Combined total value = 267,576,650,000
Strike 170 has a total call value of 285,666,150,000 versus a total put value of 0 Combined total value = 285,666,150,000
Strike 171 has a total call value of 304,250,650,000 versus a total put value of 0 Combined total value = 304,250,650,000
Strike 172 has a total call value of 322,835,150,000 versus a total put value of 0 Combined total value = 322,835,150,000
Strike 173 has a total call value of 341,677,600,000 versus a total put value of 0 Combined total value = 341,677,600,000
Strike 174 has a total call value of 360,520,050,000 versus a total put value of 0 Combined total value = 360,520,050,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 382.75 | 400 |
| ABB | 5118.55 | 5200 |
| ABCAPITAL | 162.19 | 162.5 |
| ABFRL | 240.05 | 250 |
| ACC | 1854 | 1860 |
| ADANIENSOL | 783.2 | 760 |
| ADANIENT | 2221.1 | 2380 |
| ADANIGREEN | 873.65 | 840 |
| ADANIPORTS | 1119.2 | 1120 |
| ALKEM | 4706.95 | 4700 |
| AMBUJACEM | 485.8 | 485 |
| ANGELONE | 1953.5 | 2000 |
| APLAPOLLO | 1372.8 | 1400 |
| APOLLOHOSP | 6105.65 | 6150 |
| APOLLOTYRE | 400.95 | 400 |
| ASHOKLEY | 196.63 | 205 |
| ASIANPAINT | 2231.3 | 2260 |
| ASTRAL | 1238.3 | 1300 |
| ATGL | 604.35 | 580 |
| AUBANK | 502.85 | 530 |
| AUROPHARMA | 1094.75 | 1100 |
| AXISBANK | 1010.2 | 1020 |
| BAJAJ-AUTO | 7504.7 | 7600 |
| BAJAJFINSV | 1807.45 | 1820 |
| BAJFINANCE | 8420.45 | 8400 |
| BALKRISIND | 2499.05 | 2520 |
| BANDHANBNK | 139.84 | 145 |
| BANKBARODA | 205.52 | 210 |
| BANKINDIA | 94.12 | 96 |
| BEL | 280.07 | 275 |
| BERGEPAINT | 488.2 | 490 |
| BHARATFORG | 1039.25 | 1040 |
| BHARTIARTL | 1632.5 | 1640 |
| BHEL | 193.33 | 200 |
| BIOCON | 323.05 | 320 |
| BOSCHLTD | 26378.35 | 27000 |
| BPCL | 264.41 | 260 |
| BRITANNIA | 4728.25 | 4750 |
| BSE | 3926.25 | 4300 |
| BSOFT | 385.75 | 400 |
| CAMS | 3410.1 | 3400 |
| CANBK | 82.9 | 85 |
| CDSL | 1071 | 1100 |
| CESC | 138.67 | 135 |
| CGPOWER | 599.1 | 600 |
| CHAMBLFERT | 556.55 | 560 |
| CHOLAFIN | 1444.7 | 1420 |
| CIPLA | 1461.9 | 1440 |
| COALINDIA | 378.3 | 380 |
| COFORGE | 7292.25 | 7500 |
| COLPAL | 2411.7 | 2480 |
| CONCOR | 640.25 | 670 |
| CROMPTON | 344.25 | 350 |
| CUMMINSIND | 2835.25 | 2850 |
| CYIENT | 1192.35 | 1240 |
| DABUR | 500.95 | 500 |
| DALBHARAT | 1607.1 | 1680 |
| DEEPAKNTR | 1948.6 | 1900 |
| DELHIVERY | 241.76 | 250 |
| DIVISLAB | 5620.45 | 5650 |
| DIXON | 13324.05 | 13500 |
| DLF | 658.1 | 660 |
| DMART | 3797.1 | 3750 |
| DRREDDY | 1107.95 | 1120 |
| EICHERMOT | 5015.25 | 5000 |
| ESCORTS | 2908.5 | 3000 |
| EXIDEIND | 333 | 350 |
| FEDERALBNK | 176.6 | 180 |
| GAIL | 157.96 | 160 |
| GLENMARK | 1405.15 | 1380 |
| GMRAIRPORT | 74.33 | 72 |
| GODREJCP | 1025.8 | 1030 |
| GODREJPROP | 1969.1 | 2000 |
| GRANULES | 470.65 | 490 |
| GRASIM | 2370.2 | 2400 |
| HAL | 3396.15 | 3450 |
| HAVELLS | 1458.65 | 1460 |
| HCLTECH | 1534.75 | 1560 |
| HDFCAMC | 3725.1 | 3750 |
| HDFCBANK | 1706.6 | 1720 |
| HDFCLIFE | 622.4 | 620 |
| HEROMOTOCO | 3529.15 | 3650 |
| HFCL | 77.55 | 82.5 |
| HINDALCO | 677.35 | 660 |
| HINDCOPPER | 215.8 | 225 |
| HINDPETRO | 323.7 | 325 |
| HINDUNILVR | 2174.8 | 2220 |
| HUDCO | 180.76 | 180 |
| ICICIBANK | 1250.05 | 1250 |
| ICICIGI | 1678.75 | 1680 |
| ICICIPRULI | 536.6 | 550 |
| IDEA | 6.95 | 8 |
| IDFCFIRSTB | 53.48 | 57 |
| IEX | 153.56 | 160 |
| IGL | 184.88 | 190 |
| IIFL | 313.25 | 310 |
| INDHOTEL | 750.45 | 750 |
| INDIANB | 490.4 | 500 |
| INDIGO | 4700.85 | 4600 |
| INDUSINDBK | 672.35 | 750 |
| INDUSTOWER | 327 | 330 |
| INFY | 1579.85 | 1600 |
| IOC | 125.67 | 125 |
| IRB | 42.8 | 45 |
| IRCTC | 689.05 | 700 |
| IREDA | 139.85 | 140 |
| IRFC | 117.69 | 117.5 |
| ITC | 412.05 | 410 |
| JINDALSTEL | 889.7 | 900 |
| JIOFIN | 222.6 | 220 |
| JKCEMENT | 4271.3 | 4400 |
| JSL | 632.3 | 640 |
| JSWENERGY | 514.1 | 500 |
| JSWSTEEL | 1001.2 | 1000 |
| JUBLFOOD | 596.35 | 610 |
| KALYANKJIL | 430.9 | 420 |
| KEI | 3053.95 | 3000 |
| KOTAKBANK | 1985.1 | 1960 |
| KPITTECH | 1206.45 | 1260 |
| LAURUSLABS | 574.05 | 560 |
| LICHSGFIN | 515.6 | 520 |
| LICI | 740.15 | 760 |
| LODHA | 1055.25 | 1100 |
| LT | 3187.3 | 3250 |
| LTF | 138.64 | 140 |
| LTIM | 4467.05 | 4700 |
| LTTS | 4378.2 | 4500 |
| LUPIN | 1968.45 | 1980 |
| M&M | 2643.5 | 2700 |
| M&MFIN | 271.35 | 275 |
| MANAPPURAM | 208.14 | 200 |
| MARICO | 606.3 | 610 |
| MARUTI | 11513.8 | 11700 |
| MAXHEALTH | 990.7 | 1000 |
| MCX | 4808.45 | 4900 |
| MFSL | 1052.55 | 1040 |
| MGL | 1285.95 | 1300 |
| MOTHERSON | 121.76 | 125 |
| MPHASIS | 2205.15 | 2250 |
| MRF | 105041.6 | 105000 |
| MUTHOOTFIN | 2196.35 | 2180 |
| NATIONALUM | 187.87 | 190 |
| NAUKRI | 6382.55 | 6700 |
| NBCC | 77.89 | 80 |
| NCC | 185.86 | 185 |
| NESTLEIND | 2191.95 | 2220 |
| NHPC | 77.57 | 77 |
| NMDC | 63.8 | 65 |
| NTPC | 331.9 | 325 |
| NYKAA | 164.56 | 165 |
| OBEROIRLTY | 1533.5 | 1560 |
| OFSS | 7328 | 7500 |
| OIL | 375.5 | 370 |
| ONGC | 225.43 | 227.5 |
| PAGEIND | 40099.25 | 40000 |
| PATANJALI | 1718.6 | 1700 |
| PAYTM | 682.85 | 700 |
| PEL | 885.95 | 920 |
| PERSISTENT | 5125.75 | 5200 |
| PETRONET | 281 | 290 |
| PFC | 388.35 | 390 |
| PHOENIXLTD | 1564.5 | 1600 |
| PIDILITIND | 2729.9 | 2740 |
| PIIND | 3297.3 | 3200 |
| PNB | 87.2 | 90 |
| POLICYBZR | 1331.9 | 1400 |
| POLYCAB | 5003.1 | 5000 |
| POONAWALLA | 281.35 | 280 |
| POWERGRID | 267.65 | 265 |
| PRESTIGE | 1129.6 | 1150 |
| RAMCOCEM | 801.55 | 820 |
| RBLBANK | 156.32 | 160 |
| RECLTD | 406.65 | 400 |
| RELIANCE | 1247.9 | 1240 |
| SAIL | 105.89 | 110 |
| SBICARD | 829.85 | 840 |
| SBILIFE | 1385.55 | 1420 |
| SBIN | 727.85 | 730 |
| SHREECEM | 27495.15 | 27750 |
| SHRIRAMFIN | 619.55 | 620 |
| SIEMENS | 4927.9 | 5000 |
| SJVN | 85.42 | 85 |
| SOLARINDS | 10097.15 | 9800 |
| SONACOMS | 485.8 | 500 |
| SRF | 2951.8 | 2860 |
| SUNPHARMA | 1683.45 | 1640 |
| SUPREMEIND | 3343.75 | 3400 |
| SYNGENE | 666.2 | 680 |
| TATACHEM | 796.1 | 820 |
| TATACOMM | 1503.95 | 1460 |
| TATACONSUM | 946.1 | 960 |
| TATAELXSI | 5236.75 | 5400 |
| TATAMOTORS | 655.5 | 650 |
| TATAPOWER | 350.75 | 360 |
| TATASTEEL | 150.88 | 150 |
| TATATECH | 636.8 | 650 |
| TCS | 3511.05 | 3600 |
| TECHM | 1440.65 | 1480 |
| TIINDIA | 2926.55 | 2800 |
| TITAGARH | 694.3 | 700 |
| TITAN | 3010.15 | 3100 |
| TORNTPHARM | 3056.05 | 3000 |
| TORNTPOWER | 1291.2 | 1340 |
| TRENT | 5022.4 | 5000 |
| TVSMOTOR | 2250.9 | 2300 |
| ULTRACEMCO | 10452.1 | 10400 |
| UNIONBANK | 113.7 | 115 |
| UNITDSPR | 1353.7 | 1300 |
| UPL | 601.45 | 620 |
| USDINR | 87.09 | 77.25 |
| VBL | 488.15 | 480 |
| VEDL | 442.95 | 440 |
| VOLTAS | 1402.55 | 1380 |
| WIPRO | 264 | 270 |
| YESBANK | 16.19 | 17 |
| ZOMATO | 201.43 | 210 |
| ZYDUSLIFE | 883.1 | 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.
