TATASTEEL
TATA STEEL LIMITED
Max pain for TATASTEEL
28 Mar 2024 04:00 PM IST
Max Pain for TATASTEEL is 152
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
Index
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B
C
D
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.