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TATASTEEL
TATA STEEL LIMITED

155.85 3.16 (2.07%)


Strike  122  has a total call value of 0  versus a total put value of  119,647,550,000 Combined total value = 119,647,550,000

Strike  123  has a total call value of 0  versus a total put value of  114,792,150,000 Combined total value = 114,792,150,000

Strike  124  has a total call value of 0  versus a total put value of  109,936,750,000 Combined total value = 109,936,750,000

Strike  125  has a total call value of 0  versus a total put value of  105,081,350,000 Combined total value = 105,081,350,000

Strike  126  has a total call value of 31,900,000  versus a total put value of  100,330,450,000 Combined total value = 100,362,350,000

Strike  127  has a total call value of 63,800,000  versus a total put value of  95,579,550,000 Combined total value = 95,643,350,000

Strike  128  has a total call value of 95,700,000  versus a total put value of  90,828,650,000 Combined total value = 90,924,350,000

Strike  129  has a total call value of 127,600,000  versus a total put value of  86,087,100,000 Combined total value = 86,214,700,000

Strike  130  has a total call value of 159,500,000  versus a total put value of  81,346,100,000 Combined total value = 81,505,600,000

Strike  131  has a total call value of 234,300,000  versus a total put value of  76,960,950,000 Combined total value = 77,195,250,000

Strike  132  has a total call value of 309,100,000  versus a total put value of  72,575,800,000 Combined total value = 72,884,900,000

Strike  133  has a total call value of 383,900,000  versus a total put value of  68,197,250,000 Combined total value = 68,581,150,000

Strike  134  has a total call value of 458,700,000  versus a total put value of  63,824,750,000 Combined total value = 64,283,450,000

Strike  135  has a total call value of 533,500,000  versus a total put value of  59,459,950,000 Combined total value = 59,993,450,000

Strike  136  has a total call value of 618,200,000  versus a total put value of  55,400,400,000 Combined total value = 56,018,600,000

Strike  137  has a total call value of 702,900,000  versus a total put value of  51,344,150,000 Combined total value = 52,047,050,000

Strike  138  has a total call value of 787,600,000  versus a total put value of  47,295,600,000 Combined total value = 48,083,200,000

Strike  139  has a total call value of 873,400,000  versus a total put value of  43,274,000,000 Combined total value = 44,147,400,000

Strike  140  has a total call value of 959,200,000  versus a total put value of  39,264,500,000 Combined total value = 40,223,700,000

Strike  141  has a total call value of 1,219,350,000  versus a total put value of  35,974,400,000 Combined total value = 37,193,750,000

Strike  142  has a total call value of 1,479,500,000  versus a total put value of  32,707,400,000 Combined total value = 34,186,900,000

Strike  143  has a total call value of 1,739,650,000  versus a total put value of  29,502,550,000 Combined total value = 31,242,200,000

Strike  144  has a total call value of 1,999,800,000  versus a total put value of  26,560,600,000 Combined total value = 28,560,400,000

Strike  145  has a total call value of 2,259,950,000  versus a total put value of  23,650,000,000 Combined total value = 25,909,950,000

Strike  146  has a total call value of 2,895,200,000  versus a total put value of  21,263,550,000 Combined total value = 24,158,750,000

Strike  147  has a total call value of 3,553,000,000  versus a total put value of  18,918,900,000 Combined total value = 22,471,900,000

Strike  148  has a total call value of 4,225,100,000  versus a total put value of  16,620,450,000 Combined total value = 20,845,550,000

Strike  149  has a total call value of 4,912,600,000  versus a total put value of  14,375,350,000 Combined total value = 19,287,950,000

Strike  150  has a total call value of 5,610,550,000  versus a total put value of  12,156,650,000 Combined total value = 17,767,200,000

Strike  151  has a total call value of 6,846,400,000  versus a total put value of  10,677,150,000 Combined total value = 17,523,550,000

Strike  152  has a total call value of 8,124,050,000  versus a total put value of  9,252,100,000 Combined total value = 17,376,150,000

Strike  153  has a total call value of 9,480,350,000  versus a total put value of  7,959,050,000 Combined total value = 17,439,400,000

Strike  154  has a total call value of 10,901,000,000  versus a total put value of  6,788,100,000 Combined total value = 17,689,100,000

Strike  155  has a total call value of 12,408,550,000  versus a total put value of  5,673,800,000 Combined total value = 18,082,350,000

Strike  156  has a total call value of 14,718,550,000  versus a total put value of  4,902,700,000 Combined total value = 19,621,250,000

Strike  157  has a total call value of 17,168,250,000  versus a total put value of  4,217,950,000 Combined total value = 21,386,200,000

Strike  158  has a total call value of 19,657,000,000  versus a total put value of  3,555,200,000 Combined total value = 23,212,200,000

Strike  159  has a total call value of 22,199,100,000  versus a total put value of  2,900,700,000 Combined total value = 25,099,800,000

Strike  160  has a total call value of 24,769,250,000  versus a total put value of  2,257,750,000 Combined total value = 27,027,000,000

Strike  161  has a total call value of 28,640,150,000  versus a total put value of  1,904,650,000 Combined total value = 30,544,800,000

Strike  162  has a total call value of 32,551,750,000  versus a total put value of  1,565,300,000 Combined total value = 34,117,050,000

Strike  163  has a total call value of 36,515,050,000  versus a total put value of  1,278,750,000 Combined total value = 37,793,800,000

Strike  164  has a total call value of 40,513,000,000  versus a total put value of  999,900,000 Combined total value = 41,512,900,000

Strike  165  has a total call value of 44,530,750,000  versus a total put value of  721,050,000 Combined total value = 45,251,800,000

Strike  166  has a total call value of 49,126,550,000  versus a total put value of  627,000,000 Combined total value = 49,753,550,000

Strike  167  has a total call value of 53,759,750,000  versus a total put value of  532,950,000 Combined total value = 54,292,700,000

Strike  168  has a total call value of 58,459,500,000  versus a total put value of  438,900,000 Combined total value = 58,898,400,000

Strike  169  has a total call value of 63,219,750,000  versus a total put value of  344,850,000 Combined total value = 63,564,600,000

Strike  170  has a total call value of 68,003,650,000  versus a total put value of  250,800,000 Combined total value = 68,254,450,000

Strike  171  has a total call value of 73,752,250,000  versus a total put value of  219,450,000 Combined total value = 73,971,700,000

Strike  172  has a total call value of 79,500,850,000  versus a total put value of  188,100,000 Combined total value = 79,688,950,000

Strike  173  has a total call value of 85,317,100,000  versus a total put value of  156,750,000 Combined total value = 85,473,850,000

Strike  174  has a total call value of 91,133,350,000  versus a total put value of  125,400,000 Combined total value = 91,258,750,000

Strike  175  has a total call value of 97,064,000,000  versus a total put value of  94,050,000 Combined total value = 97,158,050,000

Strike  176  has a total call value of 102,994,650,000  versus a total put value of  62,700,000 Combined total value = 103,057,350,000

Strike  177  has a total call value of 109,100,200,000  versus a total put value of  31,350,000 Combined total value = 109,131,550,000

Strike  178  has a total call value of 115,205,750,000  versus a total put value of  0 Combined total value = 115,205,750,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.