TATASTEEL
TATA STEEL LIMITED
Max pain for TATASTEEL
28 Mar 2024 03:52 PM IST
Max Pain for TATASTEEL is 146
Strike 110 has a total call value of 0 versus a total put value of 248,135,250,000 Combined total value = 248,135,250,000
Strike 111 has a total call value of 1,120,350,000 versus a total put value of 240,035,400,000 Combined total value = 241,155,750,000
Strike 112 has a total call value of 2,240,700,000 versus a total put value of 231,935,550,000 Combined total value = 234,176,250,000
Strike 113 has a total call value of 3,361,050,000 versus a total put value of 223,835,700,000 Combined total value = 227,196,750,000
Strike 114 has a total call value of 4,481,400,000 versus a total put value of 215,735,850,000 Combined total value = 220,217,250,000
Strike 115 has a total call value of 5,601,750,000 versus a total put value of 207,636,000,000 Combined total value = 213,237,750,000
Strike 116 has a total call value of 6,722,100,000 versus a total put value of 199,536,150,000 Combined total value = 206,258,250,000
Strike 117 has a total call value of 7,842,450,000 versus a total put value of 191,436,300,000 Combined total value = 199,278,750,000
Strike 118 has a total call value of 8,962,800,000 versus a total put value of 183,336,450,000 Combined total value = 192,299,250,000
Strike 119 has a total call value of 10,083,150,000 versus a total put value of 175,267,950,000 Combined total value = 185,351,100,000
Strike 120 has a total call value of 11,203,500,000 versus a total put value of 167,199,450,000 Combined total value = 178,402,950,000
Strike 121 has a total call value of 12,425,600,000 versus a total put value of 159,440,050,000 Combined total value = 171,865,650,000
Strike 122 has a total call value of 13,647,700,000 versus a total put value of 151,680,650,000 Combined total value = 165,328,350,000
Strike 123 has a total call value of 14,869,800,000 versus a total put value of 143,982,300,000 Combined total value = 158,852,100,000
Strike 124 has a total call value of 16,091,900,000 versus a total put value of 136,283,950,000 Combined total value = 152,375,850,000
Strike 125 has a total call value of 17,314,000,000 versus a total put value of 128,585,600,000 Combined total value = 145,899,600,000
Strike 126 has a total call value of 18,572,400,000 versus a total put value of 121,330,550,000 Combined total value = 139,902,950,000
Strike 127 has a total call value of 19,830,800,000 versus a total put value of 114,075,500,000 Combined total value = 133,906,300,000
Strike 128 has a total call value of 21,089,200,000 versus a total put value of 106,873,250,000 Combined total value = 127,962,450,000
Strike 129 has a total call value of 22,347,600,000 versus a total put value of 99,729,850,000 Combined total value = 122,077,450,000
Strike 130 has a total call value of 23,606,000,000 versus a total put value of 92,586,450,000 Combined total value = 116,192,450,000
Strike 131 has a total call value of 24,897,950,000 versus a total put value of 86,187,200,000 Combined total value = 111,085,150,000
Strike 132 has a total call value of 26,190,450,000 versus a total put value of 79,835,250,000 Combined total value = 106,025,700,000
Strike 133 has a total call value of 27,482,950,000 versus a total put value of 73,730,800,000 Combined total value = 101,213,750,000
Strike 134 has a total call value of 28,775,450,000 versus a total put value of 67,674,200,000 Combined total value = 96,449,650,000
Strike 135 has a total call value of 30,084,450,000 versus a total put value of 61,675,350,000 Combined total value = 91,759,800,000
Strike 136 has a total call value of 31,483,100,000 versus a total put value of 56,197,350,000 Combined total value = 87,680,450,000
Strike 137 has a total call value of 32,898,250,000 versus a total put value of 50,804,050,000 Combined total value = 83,702,300,000
Strike 138 has a total call value of 34,333,200,000 versus a total put value of 45,518,000,000 Combined total value = 79,851,200,000
Strike 139 has a total call value of 35,792,900,000 versus a total put value of 40,417,850,000 Combined total value = 76,210,750,000
Strike 140 has a total call value of 37,252,600,000 versus a total put value of 35,443,100,000 Combined total value = 72,695,700,000
Strike 141 has a total call value of 38,906,450,000 versus a total put value of 31,725,650,000 Combined total value = 70,632,100,000
Strike 142 has a total call value of 40,612,550,000 versus a total put value of 28,120,400,000 Combined total value = 68,732,950,000
Strike 143 has a total call value of 42,438,000,000 versus a total put value of 24,693,350,000 Combined total value = 67,131,350,000
Strike 144 has a total call value of 44,377,300,000 versus a total put value of 21,435,150,000 Combined total value = 65,812,450,000
Strike 145 has a total call value of 46,427,700,000 versus a total put value of 18,312,250,000 Combined total value = 64,739,950,000
Strike 146 has a total call value of 48,765,750,000 versus a total put value of 15,849,350,000 Combined total value = 64,615,100,000
Strike 147 has a total call value of 51,164,850,000 versus a total put value of 13,544,850,000 Combined total value = 64,709,700,000
Strike 148 has a total call value of 53,649,750,000 versus a total put value of 11,429,550,000 Combined total value = 65,079,300,000
Strike 149 has a total call value of 56,213,300,000 versus a total put value of 9,554,600,000 Combined total value = 65,767,900,000
Strike 150 has a total call value of 58,836,800,000 versus a total put value of 7,863,350,000 Combined total value = 66,700,150,000
Strike 151 has a total call value of 61,774,900,000 versus a total put value of 6,674,250,000 Combined total value = 68,449,150,000
Strike 152 has a total call value of 64,805,950,000 versus a total put value of 5,611,100,000 Combined total value = 70,417,050,000
Strike 153 has a total call value of 68,118,600,000 versus a total put value of 4,736,050,000 Combined total value = 72,854,650,000
Strike 154 has a total call value of 71,615,500,000 versus a total put value of 3,961,100,000 Combined total value = 75,576,600,000
Strike 155 has a total call value of 75,196,550,000 versus a total put value of 3,264,250,000 Combined total value = 78,460,800,000
Strike 156 has a total call value of 79,743,950,000 versus a total put value of 2,811,050,000 Combined total value = 82,555,000,000
Strike 157 has a total call value of 84,341,950,000 versus a total put value of 2,389,200,000 Combined total value = 86,731,150,000
Strike 158 has a total call value of 89,020,800,000 versus a total put value of 1,985,500,000 Combined total value = 91,006,300,000
Strike 159 has a total call value of 94,031,300,000 versus a total put value of 1,626,350,000 Combined total value = 95,657,650,000
Strike 160 has a total call value of 99,156,750,000 versus a total put value of 1,267,200,000 Combined total value = 100,423,950,000
Strike 161 has a total call value of 107,047,050,000 versus a total put value of 1,038,950,000 Combined total value = 108,086,000,000
Strike 162 has a total call value of 115,194,200,000 versus a total put value of 833,800,000 Combined total value = 116,028,000,000
Strike 163 has a total call value of 123,580,050,000 versus a total put value of 644,600,000 Combined total value = 124,224,650,000
Strike 164 has a total call value of 132,099,550,000 versus a total put value of 455,400,000 Combined total value = 132,554,950,000
Strike 165 has a total call value of 140,773,600,000 versus a total put value of 266,200,000 Combined total value = 141,039,800,000
Strike 166 has a total call value of 150,136,800,000 versus a total put value of 219,450,000 Combined total value = 150,356,250,000
Strike 167 has a total call value of 159,682,050,000 versus a total put value of 174,350,000 Combined total value = 159,856,400,000
Strike 168 has a total call value of 169,227,300,000 versus a total put value of 135,300,000 Combined total value = 169,362,600,000
Strike 169 has a total call value of 178,895,750,000 versus a total put value of 97,900,000 Combined total value = 178,993,650,000
Strike 170 has a total call value of 188,963,500,000 versus a total put value of 62,700,000 Combined total value = 189,026,200,000
Strike 171 has a total call value of 200,582,800,000 versus a total put value of 52,250,000 Combined total value = 200,635,050,000
Strike 172 has a total call value of 212,202,100,000 versus a total put value of 41,800,000 Combined total value = 212,243,900,000
Strike 173 has a total call value of 224,012,250,000 versus a total put value of 31,350,000 Combined total value = 224,043,600,000
Strike 174 has a total call value of 235,822,400,000 versus a total put value of 20,900,000 Combined total value = 235,843,300,000
Strike 175 has a total call value of 247,884,450,000 versus a total put value of 10,450,000 Combined total value = 247,894,900,000
Strike 176 has a total call value of 259,946,500,000 versus a total put value of 0 Combined total value = 259,946,500,000
Strike 177 has a total call value of 272,524,450,000 versus a total put value of 0 Combined total value = 272,524,450,000
Strike 178 has a total call value of 285,102,400,000 versus a total put value of 0 Combined total value = 285,102,400,000
Max Pain - Choose a symbol
Index
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B
C
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E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.