TATASTEEL
Tata Steel Limited
Max pain for TATASTEEL
21 May 2025 04:12 PM IST
Max Pain for TATASTEEL is 155
Strike 105 has a total call value of 0 versus a total put value of 496,882,925,000 Combined total value = 496,882,925,000
Strike 107.5 has a total call value of 0 versus a total put value of 467,044,050,000 Combined total value = 467,044,050,000
Strike 110 has a total call value of 0 versus a total put value of 437,205,175,000 Combined total value = 437,205,175,000
Strike 112.5 has a total call value of 0 versus a total put value of 407,656,425,000 Combined total value = 407,656,425,000
Strike 115 has a total call value of 0 versus a total put value of 378,107,675,000 Combined total value = 378,107,675,000
Strike 116 has a total call value of 0 versus a total put value of 366,414,125,000 Combined total value = 366,414,125,000
Strike 117.5 has a total call value of 0 versus a total put value of 348,873,800,000 Combined total value = 348,873,800,000
Strike 120 has a total call value of 0 versus a total put value of 319,639,925,000 Combined total value = 319,639,925,000
Strike 122.5 has a total call value of 248,875,000 versus a total put value of 291,412,550,000 Combined total value = 291,661,425,000
Strike 124 has a total call value of 398,200,000 versus a total put value of 274,578,425,000 Combined total value = 274,976,625,000
Strike 125 has a total call value of 497,750,000 versus a total put value of 263,393,075,000 Combined total value = 263,890,825,000
Strike 127.5 has a total call value of 1,021,625,000 versus a total put value of 236,223,075,000 Combined total value = 237,244,700,000
Strike 128 has a total call value of 1,126,400,000 versus a total put value of 230,823,175,000 Combined total value = 231,949,575,000
Strike 130 has a total call value of 1,545,500,000 versus a total put value of 209,420,475,000 Combined total value = 210,965,975,000
Strike 132.5 has a total call value of 2,385,625,000 versus a total put value of 184,273,100,000 Combined total value = 186,658,725,000
Strike 135 has a total call value of 3,225,750,000 versus a total put value of 159,441,975,000 Combined total value = 162,667,725,000
Strike 137.5 has a total call value of 4,653,000,000 versus a total put value of 135,966,600,000 Combined total value = 140,619,600,000
Strike 140 has a total call value of 6,080,250,000 versus a total put value of 113,107,225,000 Combined total value = 119,187,475,000
Strike 142 has a total call value of 8,235,150,000 versus a total put value of 96,988,925,000 Combined total value = 105,224,075,000
Strike 142.5 has a total call value of 8,815,675,000 versus a total put value of 92,959,350,000 Combined total value = 101,775,025,000
Strike 145 has a total call value of 12,404,425,000 versus a total put value of 73,801,475,000 Combined total value = 86,205,900,000
Strike 147.5 has a total call value of 18,344,425,000 versus a total put value of 56,935,725,000 Combined total value = 75,280,150,000
Strike 148 has a total call value of 19,608,050,000 versus a total put value of 53,762,775,000 Combined total value = 73,370,825,000
Strike 150 has a total call value of 24,662,550,000 versus a total put value of 41,344,875,000 Combined total value = 66,007,425,000
Strike 152.5 has a total call value of 32,560,550,000 versus a total put value of 29,041,375,000 Combined total value = 61,601,925,000
Strike 154 has a total call value of 37,650,800,000 versus a total put value of 22,322,575,000 Combined total value = 59,973,375,000
Strike 155 has a total call value of 41,833,550,000 versus a total put value of 17,843,375,000 Combined total value = 59,676,925,000
Strike 157.5 has a total call value of 54,555,050,000 versus a total put value of 10,835,000,000 Combined total value = 65,390,050,000
Strike 160 has a total call value of 69,974,300,000 versus a total put value of 5,560,500,000 Combined total value = 75,534,800,000
Strike 162.5 has a total call value of 91,626,425,000 versus a total put value of 3,317,875,000 Combined total value = 94,944,300,000
Strike 165 has a total call value of 115,360,300,000 versus a total put value of 1,790,250,000 Combined total value = 117,150,550,000
Strike 167.5 has a total call value of 142,141,175,000 versus a total put value of 1,223,750,000 Combined total value = 143,364,925,000
Strike 170 has a total call value of 169,803,425,000 versus a total put value of 785,125,000 Combined total value = 170,588,550,000
Strike 172 has a total call value of 193,733,925,000 versus a total put value of 594,825,000 Combined total value = 194,328,750,000
Strike 172.5 has a total call value of 199,789,975,000 versus a total put value of 547,250,000 Combined total value = 200,337,225,000
Strike 175 has a total call value of 230,242,100,000 versus a total put value of 324,500,000 Combined total value = 230,566,600,000
Strike 177.5 has a total call value of 261,631,975,000 versus a total put value of 162,250,000 Combined total value = 261,794,225,000
Strike 180 has a total call value of 293,145,600,000 versus a total put value of 0 Combined total value = 293,145,600,000
Strike 182.5 has a total call value of 325,863,725,000 versus a total put value of 0 Combined total value = 325,863,725,000
Strike 185 has a total call value of 358,581,850,000 versus a total put value of 0 Combined total value = 358,581,850,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 468.8 | 460 |
| ABB | 5886.5 | 5700 |
| ABCAPITAL | 221.46 | 210 |
| ABFRL | 268.95 | 275 |
| ACC | 1941.4 | 1920 |
| ADANIENSOL | 872.15 | 900 |
| ADANIENT | 2500.4 | 2500 |
| ADANIGREEN | 996.5 | 960 |
| ADANIPORTS | 1384.6 | 1340 |
| ALKEM | 5374 | 5300 |
| AMBUJACEM | 567.8 | 570 |
| ANGELONE | 2866.2 | 2650 |
| APLAPOLLO | 1814.4 | 1700 |
| APOLLOHOSP | 6984 | 6950 |
| APOLLOTYRE | 488.1 | 485 |
| ASHOKLEY | 244.61 | 232.5 |
| ASIANPAINT | 2312.4 | 2340 |
| ASTRAL | 1377.7 | 1380 |
| ATGL | 663.35 | 650 |
| AUBANK | 692.9 | 670 |
| AUROPHARMA | 1204.1 | 1220 |
| AXISBANK | 1197.8 | 1180 |
| BAJAJ-AUTO | 8687.5 | 8500 |
| BAJAJFINSV | 2037.3 | 2020 |
| BAJFINANCE | 9197.5 | 9100 |
| BALKRISIND | 2665.6 | 2700 |
| BANDHANBNK | 168.22 | 167.5 |
| BANKBARODA | 241.3 | 235 |
| BANKINDIA | 117.96 | 115 |
| BEL | 383 | 365 |
| BHARATFORG | 1229 | 1200 |
| BHARTIARTL | 1822.5 | 1820 |
| BHEL | 247.42 | 245 |
| BIOCON | 340.65 | 335 |
| BOSCHLTD | 31655 | 31000 |
| BPCL | 315.85 | 310 |
| BRITANNIA | 5493.5 | 5500 |
| BSE | 7305 | 7000 |
| BSOFT | 424 | 420 |
| CAMS | 3887.5 | 3850 |
| CANBK | 107.84 | 104 |
| CDSL | 1450.3 | 1400 |
| CESC | 171.92 | 165 |
| CGPOWER | 694 | 660 |
| CHAMBLFERT | 603.85 | 630 |
| CHOLAFIN | 1656 | 1600 |
| CIPLA | 1482.4 | 1500 |
| COALINDIA | 405.35 | 400 |
| COFORGE | 8266 | 7800 |
| COLPAL | 2659.3 | 2660 |
| CONCOR | 731.55 | 720 |
| CROMPTON | 349.05 | 345 |
| CUMMINSIND | 2980.9 | 2900 |
| CYIENT | 1304.6 | 1260 |
| DABUR | 481.75 | 480 |
| DALBHARAT | 2089.3 | 2000 |
| DEEPAKNTR | 2090.2 | 2060 |
| DELHIVERY | 348.1 | 340 |
| DIVISLAB | 6552 | 6400 |
| DIXON | 15612 | 16000 |
| DLF | 775.15 | 750 |
| DMART | 4112.7 | 4100 |
| DRREDDY | 1224.7 | 1200 |
| EICHERMOT | 5409 | 5500 |
| ESCORTS | 3514.4 | 3400 |
| ETERNAL | 229.97 | 230 |
| EXIDEIND | 384.8 | 380 |
| FEDERALBNK | 200.82 | 195 |
| GAIL | 190.64 | 190 |
| GLENMARK | 1440.1 | 1420 |
| GMRAIRPORT | 87.63 | 88 |
| GODREJCP | 1280 | 1270 |
| GODREJPROP | 2181 | 2200 |
| GRANULES | 517.9 | 500 |
| GRASIM | 2706.9 | 2720 |
| HAL | 5001.1 | 4850 |
| HAVELLS | 1577.2 | 1600 |
| HCLTECH | 1652 | 1600 |
| HDFCAMC | 4815.5 | 4650 |
| HDFCBANK | 1926.8 | 1920 |
| HDFCLIFE | 759.7 | 730 |
| HEROMOTOCO | 4263.8 | 4100 |
| HFCL | 85.13 | 85 |
| HINDALCO | 663 | 650 |
| HINDCOPPER | 229.47 | 230 |
| HINDPETRO | 404.9 | 400 |
| HINDUNILVR | 2363.9 | 2360 |
| HINDZINC | 442.05 | 440 |
| HUDCO | 229.34 | 225 |
| ICICIBANK | 1444.7 | 1440 |
| ICICIGI | 1878.1 | 1880 |
| ICICIPRULI | 618.15 | 610 |
| IDEA | 6.76 | 7 |
| IDFCFIRSTB | 66.67 | 67 |
| IEX | 199.18 | 197.5 |
| IGL | 207.56 | 200 |
| IIFL | 413.15 | 400 |
| INDHOTEL | 773.1 | 770 |
| INDIANB | 601.7 | 590 |
| INDIGO | 5461.5 | 5400 |
| INDUSINDBK | 769.95 | 800 |
| INDUSTOWER | 387.95 | 390 |
| INFY | 1568.5 | 1540 |
| INOXWIND | 185.76 | 180 |
| IOC | 143.39 | 144 |
| IRB | 51.35 | 50 |
| IRCTC | 790.2 | 790 |
| IREDA | 172.21 | 170 |
| IRFC | 138.08 | 135 |
| ITC | 433 | 430 |
| JINDALSTEL | 968.5 | 940 |
| JIOFIN | 274.35 | 265 |
| JSL | 643.4 | 640 |
| JSWENERGY | 504.8 | 490 |
| JSWSTEEL | 1000.9 | 1000 |
| JUBLFOOD | 674.4 | 680 |
| KALYANKJIL | 552.05 | 540 |
| KEI | 3431.4 | 3300 |
| KOTAKBANK | 2071.3 | 2100 |
| KPITTECH | 1331.6 | 1300 |
| LAURUSLABS | 597.05 | 600 |
| LICHSGFIN | 595.75 | 600 |
| LICI | 853.8 | 840 |
| LODHA | 1409 | 1360 |
| LT | 3589 | 3500 |
| LTF | 173.58 | 170 |
| LTIM | 5033.8 | 4900 |
| LUPIN | 1996 | 2020 |
| M&M | 3090.7 | 3050 |
| M&MFIN | 260.25 | 257.85 |
| MANAPPURAM | 228.06 | 230 |
| MARICO | 709.65 | 720 |
| MARUTI | 12615 | 12200 |
| MAXHEALTH | 1142.1 | 1160 |
| MCX | 6370.5 | 6200 |
| MFSL | 1396.7 | 1340 |
| MGL | 1382 | 1380 |
| MOTHERSON | 148.24 | 142.5 |
| MPHASIS | 2557.6 | 2540 |
| MRF | 142285 | 140000 |
| MUTHOOTFIN | 2089.6 | 2100 |
| NATIONALUM | 181.75 | 180 |
| NAUKRI | 1475.5 | 1440 |
| NBCC | 113.21 | 107 |
| NCC | 233.54 | 230 |
| NESTLEIND | 2392.6 | 2380 |
| NHPC | 87.62 | 86 |
| NMDC | 70.15 | 70 |
| NTPC | 346.15 | 345 |
| NYKAA | 200.48 | 200 |
| OBEROIRLTY | 1731.9 | 1680 |
| OFSS | 8383.5 | 8435 |
| OIL | 426.5 | 420 |
| ONGC | 248.68 | 240 |
| PAGEIND | 47620 | 47000 |
| PATANJALI | 1725 | 1780 |
| PAYTM | 843.1 | 860 |
| PEL | 1139 | 1100 |
| PERSISTENT | 5670 | 5600 |
| PETRONET | 321.75 | 320 |
| PFC | 412.7 | 420 |
| PHOENIXLTD | 1617.8 | 1600 |
| PIDILITIND | 2986.2 | 3020 |
| PIIND | 3709.9 | 3700 |
| PNB | 101.9 | 100 |
| PNBHOUSING | 1050.8 | 1060 |
| POLICYBZR | 1726.7 | 1700 |
| POLYCAB | 6055 | 5900 |
| POONAWALLA | 397.2 | 390 |
| POWERGRID | 296.15 | 302.5 |
| PRESTIGE | 1432.6 | 1400 |
| RAMCOCEM | 978.8 | 980 |
| RBLBANK | 207.84 | 210 |
| RECLTD | 400.2 | 410 |
| RELIANCE | 1429.2 | 1390 |
| SAIL | 124.88 | 120 |
| SBICARD | 903.15 | 900 |
| SBILIFE | 1763.9 | 1740 |
| SBIN | 787.1 | 790 |
| SHREECEM | 31490 | 31000 |
| SHRIRAMFIN | 658 | 640 |
| SIEMENS | 3290.8 | 3100 |
| SJVN | 101.05 | 100 |
| SOLARINDS | 14192 | 13750 |
| SONACOMS | 525.05 | 510 |
| SRF | 2951.3 | 3000 |
| SUNPHARMA | 1731.8 | 1700 |
| SUPREMEIND | 3826 | 3800 |
| SYNGENE | 639.35 | 640 |
| TATACHEM | 859.1 | 860 |
| TATACOMM | 1664.7 | 1600 |
| TATACONSUM | 1138.8 | 1130 |
| TATAELXSI | 6184.5 | 6000 |
| TATAMOTORS | 726.8 | 700 |
| TATAPOWER | 401.85 | 400 |
| TATASTEEL | 161.64 | 155 |
| TATATECH | 757.2 | 700 |
| TCS | 3525.8 | 3500 |
| TECHM | 1598.2 | 1540 |
| TIINDIA | 3002.7 | 3000 |
| TITAGARH | 904.5 | 860 |
| TITAN | 3580.5 | 3500 |
| TORNTPHARM | 3289 | 3300 |
| TORNTPOWER | 1398.7 | 1420 |
| TRENT | 5443.5 | 5500 |
| TVSMOTOR | 2767.3 | 2780 |
| ULTRACEMCO | 11666 | 11800 |
| UNIONBANK | 139.46 | 132.5 |
| UNITDSPR | 1557.4 | 1540 |
| UPL | 638.4 | 650 |
| VBL | 479.15 | 500 |
| VEDL | 437.75 | 440 |
| VOLTAS | 1268.6 | 1280 |
| WIPRO | 250.92 | 247.5 |
| YESBANK | 20.98 | 21 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 889.65 | 890 |
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.
