TATASTEEL
Tata Steel Limited
Max pain for TATASTEEL
31 Jan 2025 04:12 PM IST
Max Pain for TATASTEEL is 140
Strike 100 has a total call value of 0 versus a total put value of 292,382,750,000 Combined total value = 292,382,750,000
Strike 101 has a total call value of 0 versus a total put value of 283,757,650,000 Combined total value = 283,757,650,000
Strike 102 has a total call value of 0 versus a total put value of 275,132,550,000 Combined total value = 275,132,550,000
Strike 103 has a total call value of 0 versus a total put value of 266,507,450,000 Combined total value = 266,507,450,000
Strike 104 has a total call value of 0 versus a total put value of 257,882,350,000 Combined total value = 257,882,350,000
Strike 105 has a total call value of 0 versus a total put value of 249,257,250,000 Combined total value = 249,257,250,000
Strike 106 has a total call value of 0 versus a total put value of 240,632,150,000 Combined total value = 240,632,150,000
Strike 107 has a total call value of 0 versus a total put value of 232,007,050,000 Combined total value = 232,007,050,000
Strike 108 has a total call value of 0 versus a total put value of 223,381,950,000 Combined total value = 223,381,950,000
Strike 109 has a total call value of 0 versus a total put value of 214,805,250,000 Combined total value = 214,805,250,000
Strike 110 has a total call value of 0 versus a total put value of 206,228,550,000 Combined total value = 206,228,550,000
Strike 111 has a total call value of 0 versus a total put value of 197,966,450,000 Combined total value = 197,966,450,000
Strike 112 has a total call value of 0 versus a total put value of 189,704,350,000 Combined total value = 189,704,350,000
Strike 113 has a total call value of 0 versus a total put value of 181,540,150,000 Combined total value = 181,540,150,000
Strike 114 has a total call value of 0 versus a total put value of 173,446,350,000 Combined total value = 173,446,350,000
Strike 115 has a total call value of 0 versus a total put value of 165,401,500,000 Combined total value = 165,401,500,000
Strike 116 has a total call value of 24,200,000 versus a total put value of 157,664,100,000 Combined total value = 157,688,300,000
Strike 117 has a total call value of 48,400,000 versus a total put value of 149,976,750,000 Combined total value = 150,025,150,000
Strike 118 has a total call value of 72,600,000 versus a total put value of 142,346,050,000 Combined total value = 142,418,650,000
Strike 119 has a total call value of 96,800,000 versus a total put value of 134,813,250,000 Combined total value = 134,910,050,000
Strike 120 has a total call value of 121,000,000 versus a total put value of 127,328,850,000 Combined total value = 127,449,850,000
Strike 121 has a total call value of 415,800,000 versus a total put value of 120,833,350,000 Combined total value = 121,249,150,000
Strike 122 has a total call value of 710,600,000 versus a total put value of 114,437,400,000 Combined total value = 115,148,000,000
Strike 123 has a total call value of 1,019,150,000 versus a total put value of 108,156,950,000 Combined total value = 109,176,100,000
Strike 124 has a total call value of 1,327,700,000 versus a total put value of 101,949,100,000 Combined total value = 103,276,800,000
Strike 125 has a total call value of 1,657,700,000 versus a total put value of 95,814,400,000 Combined total value = 97,472,100,000
Strike 126 has a total call value of 2,196,150,000 versus a total put value of 90,107,050,000 Combined total value = 92,303,200,000
Strike 127 has a total call value of 2,757,150,000 versus a total put value of 84,483,850,000 Combined total value = 87,241,000,000
Strike 128 has a total call value of 3,365,450,000 versus a total put value of 79,028,950,000 Combined total value = 82,394,400,000
Strike 129 has a total call value of 4,041,400,000 versus a total put value of 73,742,350,000 Combined total value = 77,783,750,000
Strike 130 has a total call value of 4,771,250,000 versus a total put value of 68,574,550,000 Combined total value = 73,345,800,000
Strike 131 has a total call value of 6,114,350,000 versus a total put value of 64,312,600,000 Combined total value = 70,426,950,000
Strike 132 has a total call value of 7,552,600,000 versus a total put value of 60,226,100,000 Combined total value = 67,778,700,000
Strike 133 has a total call value of 9,178,400,000 versus a total put value of 56,362,350,000 Combined total value = 65,540,750,000
Strike 134 has a total call value of 10,933,450,000 versus a total put value of 52,613,000,000 Combined total value = 63,546,450,000
Strike 135 has a total call value of 12,788,600,000 versus a total put value of 48,942,300,000 Combined total value = 61,730,900,000
Strike 136 has a total call value of 15,425,300,000 versus a total put value of 45,817,200,000 Combined total value = 61,242,500,000
Strike 137 has a total call value of 18,157,700,000 versus a total put value of 42,709,150,000 Combined total value = 60,866,850,000
Strike 138 has a total call value of 20,948,400,000 versus a total put value of 39,614,850,000 Combined total value = 60,563,250,000
Strike 139 has a total call value of 23,815,000,000 versus a total put value of 36,543,100,000 Combined total value = 60,358,100,000
Strike 140 has a total call value of 26,748,700,000 versus a total put value of 33,485,650,000 Combined total value = 60,234,350,000
Strike 141 has a total call value of 31,149,800,000 versus a total put value of 31,066,200,000 Combined total value = 62,216,000,000
Strike 142 has a total call value of 35,630,650,000 versus a total put value of 28,652,800,000 Combined total value = 64,283,450,000
Strike 143 has a total call value of 40,192,900,000 versus a total put value of 26,249,300,000 Combined total value = 66,442,200,000
Strike 144 has a total call value of 44,831,050,000 versus a total put value of 23,853,500,000 Combined total value = 68,684,550,000
Strike 145 has a total call value of 49,573,150,000 versus a total put value of 21,461,000,000 Combined total value = 71,034,150,000
Strike 146 has a total call value of 55,238,150,000 versus a total put value of 19,457,900,000 Combined total value = 74,696,050,000
Strike 147 has a total call value of 60,976,300,000 versus a total put value of 17,454,800,000 Combined total value = 78,431,100,000
Strike 148 has a total call value of 67,135,200,000 versus a total put value of 15,451,700,000 Combined total value = 82,586,900,000
Strike 149 has a total call value of 73,379,350,000 versus a total put value of 13,448,600,000 Combined total value = 86,827,950,000
Strike 150 has a total call value of 79,695,550,000 versus a total put value of 11,445,500,000 Combined total value = 91,141,050,000
Strike 151 has a total call value of 87,827,300,000 versus a total put value of 10,283,900,000 Combined total value = 98,111,200,000
Strike 152 has a total call value of 96,049,800,000 versus a total put value of 9,122,300,000 Combined total value = 105,172,100,000
Strike 153 has a total call value of 104,345,450,000 versus a total put value of 7,960,700,000 Combined total value = 112,306,150,000
Strike 154 has a total call value of 112,641,100,000 versus a total put value of 6,799,100,000 Combined total value = 119,440,200,000
Strike 155 has a total call value of 121,117,700,000 versus a total put value of 5,657,850,000 Combined total value = 126,775,550,000
Strike 156 has a total call value of 129,844,000,000 versus a total put value of 4,516,600,000 Combined total value = 134,360,600,000
Strike 157 has a total call value of 138,615,950,000 versus a total put value of 3,387,450,000 Combined total value = 142,003,400,000
Strike 158 has a total call value of 147,387,900,000 versus a total put value of 2,258,300,000 Combined total value = 149,646,200,000
Strike 159 has a total call value of 156,211,550,000 versus a total put value of 1,129,150,000 Combined total value = 157,340,700,000
Strike 160 has a total call value of 165,035,200,000 versus a total put value of 0 Combined total value = 165,035,200,000
Strike 161 has a total call value of 175,113,950,000 versus a total put value of 0 Combined total value = 175,113,950,000
Strike 162 has a total call value of 185,192,700,000 versus a total put value of 0 Combined total value = 185,192,700,000
Strike 163 has a total call value of 195,271,450,000 versus a total put value of 0 Combined total value = 195,271,450,000
Strike 164 has a total call value of 205,350,200,000 versus a total put value of 0 Combined total value = 205,350,200,000
Strike 165 has a total call value of 215,428,950,000 versus a total put value of 0 Combined total value = 215,428,950,000
Strike 166 has a total call value of 225,507,700,000 versus a total put value of 0 Combined total value = 225,507,700,000
Strike 167 has a total call value of 235,586,450,000 versus a total put value of 0 Combined total value = 235,586,450,000
Strike 168 has a total call value of 245,665,200,000 versus a total put value of 0 Combined total value = 245,665,200,000
Strike 169 has a total call value of 255,743,950,000 versus a total put value of 0 Combined total value = 255,743,950,000
Strike 170 has a total call value of 265,822,700,000 versus a total put value of 0 Combined total value = 265,822,700,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 444.7 | 440 |
| ABB | 5874.65 | 6000 |
| ABBOTINDIA | 26173.3 | 27000 |
| ABCAPITAL | 179.39 | 185 |
| ABFRL | 273.85 | 280 |
| ACC | 2007.65 | 2160 |
| ADANIENSOL | 748.35 | 760 |
| ADANIENT | 2287.8 | 2600 |
| ADANIGREEN | 997.55 | 1000 |
| ADANIPORTS | 1099.35 | 1100 |
| ALKEM | 5063.05 | 5000 |
| AMBUJACEM | 512.8 | 530 |
| ANGELONE | 2346.1 | 2200 |
| APLAPOLLO | 1509.55 | 1520 |
| APOLLOHOSP | 6810.5 | 6800 |
| APOLLOTYRE | 437.3 | 440 |
| ASHOKLEY | 216.83 | 215 |
| ASIANPAINT | 2300.8 | 2320 |
| ASTRAL | 1507.3 | 1500 |
| ATGL | 643.1 | 630 |
| ATUL | 6285.7 | 6400 |
| AUBANK | 600.95 | 590 |
| AUROPHARMA | 1171.9 | 1200 |
| AXISBANK | 986.1 | 1000 |
| BAJAJ-AUTO | 8847.8 | 8800 |
| BAJAJFINSV | 1736.1 | 1780 |
| BAJFINANCE | 7885.1 | 7800 |
| BALKRISIND | 2771.25 | 2700 |
| BANDHANBNK | 151.38 | 155 |
| BANKBARODA | 213.39 | 225 |
| BANKINDIA | 112.52 | 110 |
| BATAINDIA | 1296.8 | 1280 |
| BEL | 292.65 | 285 |
| BERGEPAINT | 472.75 | 470 |
| BHARATFORG | 1224.05 | 1200 |
| BHARTIARTL | 1626.3 | 1620 |
| BHEL | 208.09 | 210 |
| BIOCON | 362.55 | 360 |
| BOSCHLTD | 28729.15 | 30000 |
| BPCL | 261.1 | 260 |
| BRITANNIA | 5129.65 | 5000 |
| BSE | 5305.95 | 5300 |
| BSOFT | 534.6 | 540 |
| CAMS | 3603.5 | 3700 |
| CANBK | 93.27 | 95 |
| CANFINHOME | 667.7 | 680 |
| CDSL | 1309.7 | 1300 |
| CESC | 142.98 | 145 |
| CGPOWER | 634.85 | 620 |
| CHAMBLFERT | 504.1 | 500 |
| CHOLAFIN | 1285.85 | 1280 |
| CIPLA | 1479.4 | 1460 |
| COALINDIA | 395.9 | 400 |
| COFORGE | 8263.85 | 8500 |
| COLPAL | 2821.55 | 2800 |
| CONCOR | 780.1 | 780 |
| COROMANDEL | 1809.55 | 1800 |
| CROMPTON | 343.4 | 350 |
| CUB | 173.72 | 172.5 |
| CUMMINSIND | 2914.05 | 2900 |
| CYIENT | 1454.45 | 1400 |
| DABUR | 529.85 | 535 |
| DALBHARAT | 1866.35 | 1800 |
| DEEPAKNTR | 2325.6 | 2350 |
| DELHIVERY | 321.05 | 320 |
| DIVISLAB | 5577.7 | 5650 |
| DIXON | 14985.95 | 15000 |
| DLF | 745.05 | 740 |
| DMART | 3664.65 | 3600 |
| DRREDDY | 1217.35 | 1210 |
| EICHERMOT | 5194.3 | 5200 |
| ESCORTS | 3623.45 | 3600 |
| EXIDEIND | 374.5 | 370 |
| FEDERALBNK | 187.21 | 190 |
| GAIL | 177.12 | 175 |
| GLENMARK | 1453.2 | 1460 |
| GMRAIRPORT | 72.67 | 75 |
| GMRINFRA | 0 | 76 |
| GNFC | 554.45 | 550 |
| GODREJCP | 1121.25 | 1120 |
| GODREJPROP | 2329.45 | 2300 |
| GRANULES | 556.35 | 550 |
| GRASIM | 2508.85 | 2500 |
| GUJGASLTD | 486 | 480 |
| HAL | 3936.8 | 3950 |
| HAVELLS | 1566.2 | 1540 |
| HCLTECH | 1725.45 | 1760 |
| HDFCAMC | 3869.9 | 3900 |
| HDFCBANK | 1698.75 | 1700 |
| HDFCLIFE | 638.05 | 640 |
| HEROMOTOCO | 4339.15 | 4250 |
| HFCL | 98.03 | 100 |
| HINDALCO | 594.3 | 600 |
| HINDCOPPER | 238.98 | 250 |
| HINDPETRO | 358.25 | 355 |
| HINDUNILVR | 2468.8 | 2440 |
| HUDCO | 229.7 | 220 |
| ICICIBANK | 1252.8 | 1250 |
| ICICIGI | 1858.5 | 1880 |
| ICICIPRULI | 616 | 620 |
| IDEA | 9.05 | 9 |
| IDFCFIRSTB | 63.24 | 62 |
| IEX | 174.6 | 177.5 |
| IGL | 201.8 | 400 |
| INDHOTEL | 764.7 | 770 |
| INDIAMART | 2066.4 | 2100 |
| INDIANB | 555.75 | 540 |
| INDIGO | 4324.35 | 4300 |
| INDUSINDBK | 991.2 | 1000 |
| INDUSTOWER | 347.2 | 360 |
| INFY | 1879.8 | 1900 |
| IOC | 128.49 | 130 |
| IPCALAB | 1443.3 | 1440 |
| IRB | 57.32 | 55 |
| IRCTC | 822.3 | 800 |
| IRFC | 150.94 | 140 |
| ITC | 447.5 | 440 |
| JINDALSTEL | 791.55 | 800 |
| JIOFIN | 241.65 | 245 |
| JKCEMENT | 4834.85 | 4850 |
| JSL | 653.3 | 650 |
| JSWENERGY | 508.6 | 490 |
| JSWSTEEL | 945 | 950 |
| JUBLFOOD | 703.9 | 700 |
| KALYANKJIL | 503.1 | 480 |
| KEI | 4023.6 | 4000 |
| KOTAKBANK | 1901.3 | 1900 |
| KPITTECH | 1409.2 | 1400 |
| LALPATHLAB | 2853.05 | 2900 |
| LAURUSLABS | 584.05 | 580 |
| LICHSGFIN | 598.1 | 590 |
| LICI | 845.45 | 850 |
| LODHA | 1204.5 | 1160 |
| LT | 3567.4 | 3550 |
| LTF | 145.47 | 147.5 |
| LTIM | 5914.15 | 5900 |
| LTTS | 5449.35 | 5300 |
| LUPIN | 2080.45 | 2100 |
| M&M | 2989.85 | 3000 |
| M&MFIN | 284.95 | 280 |
| MANAPPURAM | 196.03 | 200 |
| MARICO | 670.65 | 670 |
| MARUTI | 12310.65 | 12100 |
| MAXHEALTH | 1061.25 | 1040 |
| MCX | 5732.95 | 5700 |
| METROPOLIS | 1796.9 | 1800 |
| MFSL | 1115.75 | 1100 |
| MGL | 1379.85 | 1320 |
| MOTHERSON | 141.26 | 147.5 |
| MPHASIS | 2867.95 | 2900 |
| MRF | 113632.5 | 115000 |
| MUTHOOTFIN | 2258.8 | 2200 |
| NATIONALUM | 202.24 | 200 |
| NAUKRI | 7723.7 | 7500 |
| NAVINFLUOR | 4148.7 | 4100 |
| NCC | 252.3 | 245 |
| NESTLEIND | 2313.2 | 2300 |
| NHPC | 80.55 | 76 |
| NMDC | 66.1 | 69 |
| NTPC | 324 | 330 |
| NYKAA | 168.9 | 170 |
| OBEROIRLTY | 1812.65 | 1780 |
| OFSS | 9122.05 | 9500 |
| OIL | 420.45 | 420 |
| ONGC | 262.61 | 260 |
| PAGEIND | 44723.55 | 45500 |
| PAYTM | 775.75 | 800 |
| PEL | 1023.1 | 1080 |
| PERSISTENT | 6032.6 | 6000 |
| PETRONET | 316.2 | 310 |
| PFC | 422.5 | 420 |
| PIDILITIND | 2871.7 | 2900 |
| PIIND | 3483.75 | 3500 |
| PNB | 101.2 | 100 |
| POLICYBZR | 1726.8 | 1700 |
| POLYCAB | 6037.95 | 6000 |
| POONAWALLA | 310.4 | 310 |
| POWERGRID | 301.65 | 300 |
| PRESTIGE | 1359.5 | 1300 |
| PVRINOX | 1090.5 | 1100 |
| RAMCOCEM | 917.5 | 920 |
| RBLBANK | 164.77 | 160 |
| RECLTD | 449.85 | 450 |
| RELIANCE | 1265.1 | 1280 |
| SAIL | 107.43 | 110 |
| SBICARD | 778.2 | 760 |
| SBILIFE | 1483.6 | 1480 |
| SBIN | 772.9 | 800 |
| SHREECEM | 27795.9 | 27000 |
| SHRIRAMFIN | 543.75 | 550 |
| SIEMENS | 6073.35 | 6000 |
| SJVN | 97.51 | 95 |
| SONACOMS | 504.3 | 510 |
| SRF | 2809.85 | 2780 |
| SUNPHARMA | 1743.95 | 1740 |
| SUNTV | 618.85 | 630 |
| SUPREMEIND | 3968.8 | 3900 |
| SYNGENE | 746.65 | 770 |
| TATACHEM | 986.1 | 1000 |
| TATACOMM | 1633 | 1640 |
| TATACONSUM | 1024.65 | 1000 |
| TATAELXSI | 6336 | 6300 |
| TATAMOTORS | 716.1 | 720 |
| TATAPOWER | 364.5 | 380 |
| TATASTEEL | 134.62 | 140 |
| TCS | 4112.4 | 4150 |
| TECHM | 1674.45 | 1700 |
| TIINDIA | 3322.1 | 3300 |
| TITAN | 3490.25 | 3450 |
| TORNTPHARM | 3269.1 | 3200 |
| TRENT | 5753.2 | 5800 |
| TVSMOTOR | 2457.9 | 2440 |
| UBL | 2146 | 2100 |
| ULTRACEMCO | 11487.45 | 11400 |
| UNIONBANK | 115.49 | 114 |
| UNITDSPR | 1424 | 1440 |
| UPL | 603.75 | 580 |
| VBL | 536.75 | 540 |
| VEDL | 441.4 | 450 |
| VOLTAS | 1260.85 | 1300 |
| WIPRO | 311.9 | 309 |
| YESBANK | 19.23 | 19 |
| ZOMATO | 220.35 | 225 |
| ZYDUSLIFE | 970.25 | 970 |
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.
