TATASTEEL
Tata Steel Limited
Max pain for TATASTEEL
17 Feb 2025 04:12 PM IST
Max Pain for TATASTEEL is 135
Strike 100 has a total call value of 0 versus a total put value of 456,354,800,000 Combined total value = 456,354,800,000
Strike 101 has a total call value of 0 versus a total put value of 441,848,000,000 Combined total value = 441,848,000,000
Strike 102 has a total call value of 0 versus a total put value of 427,341,200,000 Combined total value = 427,341,200,000
Strike 103 has a total call value of 0 versus a total put value of 412,834,400,000 Combined total value = 412,834,400,000
Strike 104 has a total call value of 0 versus a total put value of 398,327,600,000 Combined total value = 398,327,600,000
Strike 105 has a total call value of 0 versus a total put value of 383,973,150,000 Combined total value = 383,973,150,000
Strike 106 has a total call value of 0 versus a total put value of 369,618,700,000 Combined total value = 369,618,700,000
Strike 107 has a total call value of 0 versus a total put value of 355,264,250,000 Combined total value = 355,264,250,000
Strike 108 has a total call value of 0 versus a total put value of 340,909,800,000 Combined total value = 340,909,800,000
Strike 109 has a total call value of 0 versus a total put value of 326,783,050,000 Combined total value = 326,783,050,000
Strike 110 has a total call value of 0 versus a total put value of 312,656,300,000 Combined total value = 312,656,300,000
Strike 111 has a total call value of 4,950,000 versus a total put value of 298,865,600,000 Combined total value = 298,870,550,000
Strike 112 has a total call value of 9,900,000 versus a total put value of 285,074,900,000 Combined total value = 285,084,800,000
Strike 113 has a total call value of 14,850,000 versus a total put value of 271,368,900,000 Combined total value = 271,383,750,000
Strike 114 has a total call value of 19,800,000 versus a total put value of 257,780,600,000 Combined total value = 257,800,400,000
Strike 115 has a total call value of 24,750,000 versus a total put value of 244,347,950,000 Combined total value = 244,372,700,000
Strike 116 has a total call value of 45,100,000 versus a total put value of 231,240,350,000 Combined total value = 231,285,450,000
Strike 117 has a total call value of 65,450,000 versus a total put value of 218,280,700,000 Combined total value = 218,346,150,000
Strike 118 has a total call value of 85,800,000 versus a total put value of 205,515,200,000 Combined total value = 205,601,000,000
Strike 119 has a total call value of 157,850,000 versus a total put value of 192,924,600,000 Combined total value = 193,082,450,000
Strike 120 has a total call value of 229,900,000 versus a total put value of 180,489,100,000 Combined total value = 180,719,000,000
Strike 121 has a total call value of 503,250,000 versus a total put value of 169,148,650,000 Combined total value = 169,651,900,000
Strike 122 has a total call value of 780,450,000 versus a total put value of 157,942,400,000 Combined total value = 158,722,850,000
Strike 123 has a total call value of 1,057,650,000 versus a total put value of 146,913,250,000 Combined total value = 147,970,900,000
Strike 124 has a total call value of 1,346,950,000 versus a total put value of 136,042,500,000 Combined total value = 137,389,450,000
Strike 125 has a total call value of 1,663,200,000 versus a total put value of 125,380,200,000 Combined total value = 127,043,400,000
Strike 126 has a total call value of 2,132,900,000 versus a total put value of 115,459,850,000 Combined total value = 117,592,750,000
Strike 127 has a total call value of 2,641,650,000 versus a total put value of 105,651,700,000 Combined total value = 108,293,350,000
Strike 128 has a total call value of 3,207,600,000 versus a total put value of 96,555,800,000 Combined total value = 99,763,400,000
Strike 129 has a total call value of 3,832,950,000 versus a total put value of 88,206,800,000 Combined total value = 92,039,750,000
Strike 130 has a total call value of 4,823,500,000 versus a total put value of 80,082,750,000 Combined total value = 84,906,250,000
Strike 131 has a total call value of 6,757,850,000 versus a total put value of 73,410,700,000 Combined total value = 80,168,550,000
Strike 132 has a total call value of 8,815,950,000 versus a total put value of 67,016,400,000 Combined total value = 75,832,350,000
Strike 133 has a total call value of 11,097,900,000 versus a total put value of 61,072,550,000 Combined total value = 72,170,450,000
Strike 134 has a total call value of 13,828,650,000 versus a total put value of 55,596,750,000 Combined total value = 69,425,400,000
Strike 135 has a total call value of 16,871,250,000 versus a total put value of 50,505,400,000 Combined total value = 67,376,650,000
Strike 136 has a total call value of 20,958,300,000 versus a total put value of 46,429,350,000 Combined total value = 67,387,650,000
Strike 137 has a total call value of 25,654,750,000 versus a total put value of 42,576,050,000 Combined total value = 68,230,800,000
Strike 138 has a total call value of 31,226,800,000 versus a total put value of 38,911,950,000 Combined total value = 70,138,750,000
Strike 139 has a total call value of 37,230,050,000 versus a total put value of 35,442,000,000 Combined total value = 72,672,050,000
Strike 140 has a total call value of 43,518,750,000 versus a total put value of 32,062,250,000 Combined total value = 75,581,000,000
Strike 141 has a total call value of 52,806,050,000 versus a total put value of 29,653,800,000 Combined total value = 82,459,850,000
Strike 142 has a total call value of 62,390,900,000 versus a total put value of 27,293,200,000 Combined total value = 89,684,100,000
Strike 143 has a total call value of 72,283,750,000 versus a total put value of 24,979,900,000 Combined total value = 97,263,650,000
Strike 144 has a total call value of 82,576,450,000 versus a total put value of 22,691,900,000 Combined total value = 105,268,350,000
Strike 145 has a total call value of 93,155,700,000 versus a total put value of 20,433,050,000 Combined total value = 113,588,750,000
Strike 146 has a total call value of 105,295,300,000 versus a total put value of 18,561,400,000 Combined total value = 123,856,700,000
Strike 147 has a total call value of 117,701,650,000 versus a total put value of 16,689,750,000 Combined total value = 134,391,400,000
Strike 148 has a total call value of 130,716,850,000 versus a total put value of 14,818,100,000 Combined total value = 145,534,950,000
Strike 149 has a total call value of 144,059,300,000 versus a total put value of 12,946,450,000 Combined total value = 157,005,750,000
Strike 150 has a total call value of 157,687,200,000 versus a total put value of 11,074,800,000 Combined total value = 168,762,000,000
Strike 151 has a total call value of 174,708,600,000 versus a total put value of 9,954,450,000 Combined total value = 184,663,050,000
Strike 152 has a total call value of 191,926,350,000 versus a total put value of 8,834,100,000 Combined total value = 200,760,450,000
Strike 153 has a total call value of 209,438,350,000 versus a total put value of 7,713,750,000 Combined total value = 217,152,100,000
Strike 154 has a total call value of 226,950,350,000 versus a total put value of 6,593,400,000 Combined total value = 233,543,750,000
Strike 155 has a total call value of 244,632,850,000 versus a total put value of 5,494,500,000 Combined total value = 250,127,350,000
Strike 156 has a total call value of 262,782,300,000 versus a total put value of 4,395,600,000 Combined total value = 267,177,900,000
Strike 157 has a total call value of 280,931,750,000 versus a total put value of 3,296,700,000 Combined total value = 284,228,450,000
Strike 158 has a total call value of 299,081,200,000 versus a total put value of 2,197,800,000 Combined total value = 301,279,000,000
Strike 159 has a total call value of 317,522,150,000 versus a total put value of 1,098,900,000 Combined total value = 318,621,050,000
Strike 160 has a total call value of 335,963,100,000 versus a total put value of 0 Combined total value = 335,963,100,000
Strike 161 has a total call value of 355,768,600,000 versus a total put value of 0 Combined total value = 355,768,600,000
Strike 162 has a total call value of 375,574,100,000 versus a total put value of 0 Combined total value = 375,574,100,000
Strike 163 has a total call value of 395,379,600,000 versus a total put value of 0 Combined total value = 395,379,600,000
Strike 164 has a total call value of 415,185,100,000 versus a total put value of 0 Combined total value = 415,185,100,000
Strike 165 has a total call value of 434,990,600,000 versus a total put value of 0 Combined total value = 434,990,600,000
Strike 166 has a total call value of 454,796,100,000 versus a total put value of 0 Combined total value = 454,796,100,000
Strike 167 has a total call value of 474,601,600,000 versus a total put value of 0 Combined total value = 474,601,600,000
Strike 168 has a total call value of 494,407,100,000 versus a total put value of 0 Combined total value = 494,407,100,000
Strike 169 has a total call value of 514,212,600,000 versus a total put value of 0 Combined total value = 514,212,600,000
Strike 170 has a total call value of 534,018,100,000 versus a total put value of 0 Combined total value = 534,018,100,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 418.3 | 440 |
ABB | 5241.9 | 5400 |
ABBOTINDIA | 28569.5 | 28000 |
ABCAPITAL | 153.97 | 170 |
ABFRL | 255.55 | 265 |
ACC | 1911.5 | 2040 |
ADANIENSOL | 702 | 740 |
ADANIENT | 2223.7 | 2340 |
ADANIGREEN | 890.35 | 900 |
ADANIPORTS | 1082.9 | 1100 |
ALKEM | 4794.3 | 4800 |
AMBUJACEM | 488.3 | 505 |
ANGELONE | 2211.6 | 2300 |
APLAPOLLO | 1333.75 | 1440 |
APOLLOHOSP | 6300.2 | 6400 |
APOLLOTYRE | 416.3 | 420 |
ASHOKLEY | 223.61 | 217.5 |
ASIANPAINT | 2250.85 | 2280 |
ASTRAL | 1384.5 | 1440 |
ATGL | 574.45 | 600 |
ATUL | 5402.85 | 5600 |
AUBANK | 522.05 | 550 |
AUROPHARMA | 1169.6 | 1180 |
AXISBANK | 992.95 | 1000 |
BAJAJ-AUTO | 8537.15 | 8800 |
BAJAJFINSV | 1894.85 | 1820 |
BAJFINANCE | 8426.6 | 8200 |
BALKRISIND | 2670.55 | 2700 |
BANDHANBNK | 132.82 | 150 |
BANKBARODA | 206.96 | 220 |
BANKINDIA | 99.03 | 100 |
BATAINDIA | 1296.3 | 1340 |
BEL | 248.5 | 265 |
BERGEPAINT | 483.7 | 480 |
BHARATFORG | 1082.65 | 1100 |
BHARTIARTL | 1675.55 | 1680 |
BHEL | 193.47 | 200 |
BIOCON | 347.55 | 360 |
BOSCHLTD | 26911.25 | 29000 |
BPCL | 252.3 | 260 |
BRITANNIA | 4963.7 | 4950 |
BSE | 5208.7 | 5300 |
BSOFT | 477.5 | 500 |
CAMS | 3381.8 | 3500 |
CANBK | 85.09 | 91 |
CANFINHOME | 608.85 | 640 |
CDSL | 1206.95 | 1240 |
CESC | 125.92 | 130 |
CGPOWER | 583 | 590 |
CHAMBLFERT | 542.8 | 530 |
CHOLAFIN | 1356.95 | 1340 |
CIPLA | 1474.65 | 1460 |
COALINDIA | 360.1 | 375 |
COFORGE | 7683.95 | 8100 |
COLPAL | 2462.4 | 2560 |
CONCOR | 703.35 | 740 |
COROMANDEL | 1707.55 | 1800 |
CROMPTON | 332.6 | 345 |
CUB | 160.85 | 165 |
CUMMINSIND | 2721.45 | 2800 |
CYIENT | 1439.3 | 1420 |
DABUR | 520.55 | 530 |
DALBHARAT | 1808.15 | 1820 |
DEEPAKNTR | 1898.5 | 2000 |
DELHIVERY | 267.35 | 280 |
DIVISLAB | 5923.75 | 5950 |
DIXON | 14199.5 | 14500 |
DLF | 674.75 | 700 |
DMART | 3621.5 | 3750 |
DRREDDY | 1198.95 | 1200 |
EICHERMOT | 4745.2 | 4950 |
ESCORTS | 2972.15 | 3150 |
EXIDEIND | 361.8 | 375 |
FEDERALBNK | 181.54 | 185 |
GAIL | 160.17 | 166 |
GLENMARK | 1373.8 | 1380 |
GMRAIRPORT | 70.26 | 73 |
GMRINFRA | 0 | 76 |
GNFC | 557.1 | 560 |
GODREJCP | 1039.25 | 1070 |
GODREJPROP | 1974.05 | 2100 |
GRANULES | 522.25 | 540 |
GRASIM | 2463.85 | 2500 |
GUJGASLTD | 391.45 | 415 |
HAL | 3475.7 | 3650 |
HAVELLS | 1532.55 | 1560 |
HCLTECH | 1709.9 | 1720 |
HDFCAMC | 3730.55 | 3800 |
HDFCBANK | 1717.35 | 1700 |
HDFCLIFE | 623.25 | 630 |
HEROMOTOCO | 3876.45 | 4050 |
HFCL | 87.03 | 95 |
HINDALCO | 610.85 | 600 |
HINDCOPPER | 215.33 | 235 |
HINDPETRO | 318.1 | 330 |
HINDUNILVR | 2329.4 | 2380 |
HUDCO | 183.21 | 195 |
ICICIBANK | 1251.15 | 1250 |
ICICIGI | 1725.05 | 1800 |
ICICIPRULI | 575.2 | 600 |
IDEA | 8.27 | 9 |
IDFCFIRSTB | 61.5 | 62 |
IEX | 167.21 | 172.5 |
IGL | 190.25 | 195 |
INDHOTEL | 721.65 | 750 |
INDIAMART | 2102.4 | 2120 |
INDIANB | 517.55 | 530 |
INDIGO | 4303 | 4300 |
INDUSINDBK | 1048.25 | 1040 |
INDUSTOWER | 339.3 | 355 |
INFY | 1842.3 | 1880 |
IOC | 118.45 | 125 |
IPCALAB | 1476.75 | 1480 |
IRB | 47.7 | 49 |
IRCTC | 725.45 | 760 |
IRFC | 121.78 | 130 |
ITC | 408.6 | 420 |
JINDALSTEL | 837.65 | 840 |
JIOFIN | 222.45 | 235 |
JKCEMENT | 4637.9 | 4800 |
JSL | 590.3 | 610 |
JSWENERGY | 431.5 | 460 |
JSWSTEEL | 973.55 | 960 |
JUBLFOOD | 681.65 | 680 |
KALYANKJIL | 507.05 | 500 |
KEI | 3447.25 | 3500 |
KOTAKBANK | 1945.3 | 1920 |
KPITTECH | 1310.4 | 1400 |
LALPATHLAB | 2629.5 | 2800 |
LAURUSLABS | 555.5 | 580 |
LICHSGFIN | 538.5 | 570 |
LICI | 765.15 | 800 |
LODHA | 1167.8 | 1200 |
LT | 3221.85 | 3350 |
LTF | 136.04 | 145 |
LTIM | 5472.6 | 5700 |
LTTS | 4816.9 | 5100 |
LUPIN | 2026.95 | 2040 |
M&M | 2831.95 | 2950 |
M&MFIN | 276.85 | 280 |
MANAPPURAM | 193.29 | 195 |
MARICO | 624.75 | 640 |
MARUTI | 12762.9 | 12700 |
MAXHEALTH | 1014.65 | 1020 |
MCX | 5550.5 | 5700 |
METROPOLIS | 1680.35 | 1740 |
MFSL | 1065.65 | 1100 |
MGL | 1277.4 | 1320 |
MOTHERSON | 124.79 | 130 |
MPHASIS | 2591.35 | 2700 |
MRF | 109984 | 110000 |
MUTHOOTFIN | 2243.9 | 2260 |
NATIONALUM | 180.74 | 186 |
NAUKRI | 7338.9 | 7700 |
NAVINFLUOR | 4108.1 | 4100 |
NBCC | 82.02 | 85 |
NCC | 190.8 | 200 |
NESTLEIND | 2216.5 | 2220 |
NHPC | 73.21 | 74 |
NMDC | 62.56 | 65 |
NTPC | 302.35 | 310 |
NYKAA | 173.49 | 170 |
OBEROIRLTY | 1590.25 | 1620 |
OFSS | 8797.15 | 9000 |
OIL | 400.55 | 410 |
ONGC | 233.65 | 240 |
PAGEIND | 40921.4 | 43000 |
PAYTM | 733 | 740 |
PEL | 926.05 | 1000 |
PERSISTENT | 5531.3 | 5800 |
PETRONET | 284.9 | 295 |
PFC | 372.35 | 400 |
PHOENIXLTD | 1545.05 | 1600 |
PIDILITIND | 2781.7 | 2860 |
PIIND | 3118.6 | 3300 |
PNB | 93.18 | 97 |
POLICYBZR | 1494.35 | 1600 |
POLYCAB | 5414.2 | 5600 |
POONAWALLA | 285.3 | 300 |
POWERGRID | 263.2 | 265 |
PRESTIGE | 1240.4 | 1300 |
PVRINOX | 1006.55 | 1060 |
RAMCOCEM | 860.75 | 880 |
RBLBANK | 155.8 | 162.5 |
RECLTD | 389.1 | 420 |
RELIANCE | 1224.9 | 1250 |
SAIL | 105.33 | 107.5 |
SBICARD | 853.1 | 840 |
SBILIFE | 1476.2 | 1460 |
SBIN | 727.7 | 750 |
SHREECEM | 28309.15 | 28000 |
SHRIRAMFIN | 550.35 | 550 |
SIEMENS | 4859.3 | 5100 |
SJVN | 88.62 | 90 |
SOLARINDS | 8619.35 | 9000 |
SONACOMS | 487.3 | 510 |
SRF | 2747.8 | 2800 |
SUNPHARMA | 1714.2 | 1720 |
SUNTV | 585.3 | 600 |
SUPREMEIND | 3627.8 | 3800 |
SYNGENE | 700.9 | 730 |
TATACHEM | 854.5 | 920 |
TATACOMM | 1507.45 | 1600 |
TATACONSUM | 1023.25 | 1020 |
TATAELXSI | 6146.85 | 6200 |
TATAMOTORS | 686.6 | 700 |
TATAPOWER | 337.2 | 360 |
TATASTEEL | 134.29 | 135 |
TCS | 3904.5 | 4000 |
TECHM | 1664.95 | 1680 |
TIINDIA | 2603.6 | 2750 |
TITAN | 3233.2 | 3300 |
TORNTPHARM | 3078 | 3100 |
TORNTPOWER | 1239.35 | 1300 |
TRENT | 5096.45 | 5300 |
TVSMOTOR | 2365.7 | 2500 |
UBL | 2028.15 | 2040 |
ULTRACEMCO | 11490.1 | 11400 |
UNIONBANK | 109.01 | 110 |
UNITDSPR | 1349.7 | 1400 |
UPL | 632.2 | 610 |
VBL | 474.55 | 510 |
VEDL | 415.15 | 430 |
VOLTAS | 1241.6 | 1300 |
WIPRO | 305.35 | 307.5 |
YESBANK | 17.66 | 19 |
ZOMATO | 218.53 | 220 |
ZYDUSLIFE | 923.9 | 950 |
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.