SAIL
Steel Authority Of India
Max pain for SAIL
25 Oct 2025 03:51 PM IST
Max Pain for SAIL is 132
Strike 110 has a total call value of 0 versus a total put value of 48,772,135,000 Combined total value = 48,772,135,000
Strike 111 has a total call value of 1,410,000 versus a total put value of 46,215,335,000 Combined total value = 46,216,745,000
Strike 112 has a total call value of 2,820,000 versus a total put value of 43,658,535,000 Combined total value = 43,661,355,000
Strike 112.5 has a total call value of 3,525,000 versus a total put value of 42,380,135,000 Combined total value = 42,383,660,000
Strike 113 has a total call value of 4,230,000 versus a total put value of 41,101,735,000 Combined total value = 41,105,965,000
Strike 114 has a total call value of 5,640,000 versus a total put value of 38,544,935,000 Combined total value = 38,550,575,000
Strike 115 has a total call value of 7,050,000 versus a total put value of 35,988,135,000 Combined total value = 35,995,185,000
Strike 116 has a total call value of 8,460,000 versus a total put value of 33,472,225,000 Combined total value = 33,480,685,000
Strike 117 has a total call value of 9,870,000 versus a total put value of 30,956,315,000 Combined total value = 30,966,185,000
Strike 117.5 has a total call value of 10,575,000 versus a total put value of 29,698,360,000 Combined total value = 29,708,935,000
Strike 118 has a total call value of 11,280,000 versus a total put value of 28,451,920,000 Combined total value = 28,463,200,000
Strike 119 has a total call value of 12,690,000 versus a total put value of 25,959,040,000 Combined total value = 25,971,730,000
Strike 120 has a total call value of 14,100,000 versus a total put value of 23,466,160,000 Combined total value = 23,480,260,000
Strike 121 has a total call value of 37,600,000 versus a total put value of 21,242,590,000 Combined total value = 21,280,190,000
Strike 122 has a total call value of 61,100,000 versus a total put value of 19,031,240,000 Combined total value = 19,092,340,000
Strike 122.5 has a total call value of 72,850,000 versus a total put value of 17,947,420,000 Combined total value = 18,020,270,000
Strike 123 has a total call value of 94,470,000 versus a total put value of 16,910,130,000 Combined total value = 17,004,600,000
Strike 124 has a total call value of 147,580,000 versus a total put value of 14,864,690,000 Combined total value = 15,012,270,000
Strike 125 has a total call value of 211,970,000 versus a total put value of 12,854,970,000 Combined total value = 13,066,940,000
Strike 126 has a total call value of 332,290,000 versus a total put value of 11,196,340,000 Combined total value = 11,528,630,000
Strike 127 has a total call value of 461,540,000 versus a total put value of 9,589,410,000 Combined total value = 10,050,950,000
Strike 127.5 has a total call value of 532,040,000 versus a total put value of 8,807,330,000 Combined total value = 9,339,370,000
Strike 128 has a total call value of 622,750,000 versus a total put value of 8,061,205,000 Combined total value = 8,683,955,000
Strike 129 has a total call value of 880,780,000 versus a total put value of 6,783,275,000 Combined total value = 7,664,055,000
Strike 130 has a total call value of 1,184,400,000 versus a total put value of 5,599,815,000 Combined total value = 6,784,215,000
Strike 131 has a total call value of 1,797,750,000 versus a total put value of 4,720,445,000 Combined total value = 6,518,195,000
Strike 132 has a total call value of 2,491,000,000 versus a total put value of 3,969,385,000 Combined total value = 6,460,385,000
Strike 132.5 has a total call value of 2,905,775,000 versus a total put value of 3,633,805,000 Combined total value = 6,539,580,000
Strike 133 has a total call value of 3,505,730,000 versus a total put value of 3,322,665,000 Combined total value = 6,828,395,000
Strike 134 has a total call value of 4,827,370,000 versus a total put value of 2,758,195,000 Combined total value = 7,585,565,000
Strike 135 has a total call value of 6,244,420,000 versus a total put value of 2,233,675,000 Combined total value = 8,478,095,000
Strike 136 has a total call value of 8,415,350,000 versus a total put value of 1,899,505,000 Combined total value = 10,314,855,000
Strike 137 has a total call value of 10,728,220,000 versus a total put value of 1,597,295,000 Combined total value = 12,325,515,000
Strike 137.5 has a total call value of 11,945,050,000 versus a total put value of 1,459,585,000 Combined total value = 13,404,635,000
Strike 138 has a total call value of 13,230,970,000 versus a total put value of 1,343,965,000 Combined total value = 14,574,935,000
Strike 139 has a total call value of 15,884,590,000 versus a total put value of 1,123,535,000 Combined total value = 17,008,125,000
Strike 140 has a total call value of 18,600,250,000 versus a total put value of 913,915,000 Combined total value = 19,514,165,000
Strike 141 has a total call value of 22,226,770,000 versus a total put value of 772,445,000 Combined total value = 22,999,215,000
Strike 142 has a total call value of 25,876,790,000 versus a total put value of 639,905,000 Combined total value = 26,516,695,000
Strike 142.5 has a total call value of 27,722,950,000 versus a total put value of 579,275,000 Combined total value = 28,302,225,000
Strike 143 has a total call value of 29,615,170,000 versus a total put value of 528,280,000 Combined total value = 30,143,450,000
Strike 144 has a total call value of 33,474,810,000 versus a total put value of 426,290,000 Combined total value = 33,901,100,000
Strike 145 has a total call value of 37,368,290,000 versus a total put value of 324,300,000 Combined total value = 37,692,590,000
Strike 146 has a total call value of 41,589,360,000 versus a total put value of 267,900,000 Combined total value = 41,857,260,000
Strike 147 has a total call value of 45,854,140,000 versus a total put value of 211,500,000 Combined total value = 46,065,640,000
Strike 147.5 has a total call value of 48,007,680,000 versus a total put value of 183,300,000 Combined total value = 48,190,980,000
Strike 148 has a total call value of 50,182,135,000 versus a total put value of 155,100,000 Combined total value = 50,337,235,000
Strike 149 has a total call value of 54,567,705,000 versus a total put value of 98,700,000 Combined total value = 54,666,405,000
Strike 150 has a total call value of 58,953,275,000 versus a total put value of 42,300,000 Combined total value = 58,995,575,000
Strike 151 has a total call value of 63,578,075,000 versus a total put value of 33,840,000 Combined total value = 63,611,915,000
Strike 152 has a total call value of 68,202,875,000 versus a total put value of 25,380,000 Combined total value = 68,228,255,000
Strike 152.5 has a total call value of 70,515,275,000 versus a total put value of 21,150,000 Combined total value = 70,536,425,000
Strike 153 has a total call value of 72,827,675,000 versus a total put value of 16,920,000 Combined total value = 72,844,595,000
Strike 154 has a total call value of 77,452,475,000 versus a total put value of 8,460,000 Combined total value = 77,460,935,000
Strike 155 has a total call value of 82,077,275,000 versus a total put value of 0 Combined total value = 82,077,275,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1185.7 | 1140 |
| ABB | 5181 | 5200 |
| ABCAPITAL | 306.15 | 300 |
| ADANIENSOL | 944.25 | 930 |
| ADANIENT | 2504.2 | 2560 |
| ADANIGREEN | 1031.1 | 1060 |
| ADANIPORTS | 1429 | 1440 |
| ALKEM | 5545 | 5550 |
| AMBER | 8321.5 | 8200 |
| AMBUJACEM | 555 | 580 |
| ANGELONE | 2514.5 | 2400 |
| APLAPOLLO | 1754.4 | 1720 |
| APOLLOHOSP | 7837.5 | 7800 |
| ASHOKLEY | 136.35 | 137.5 |
| ASIANPAINT | 2501.6 | 2440 |
| ASTRAL | 1430.8 | 1440 |
| AUBANK | 860.35 | 840 |
| AUROPHARMA | 1085 | 1100 |
| AXISBANK | 1241.9 | 1190 |
| BAJAJ-AUTO | 9076.5 | 9000 |
| BAJAJFINSV | 2159.5 | 2080 |
| BAJFINANCE | 1089.75 | 1050 |
| BANDHANBNK | 170 | 165 |
| BANKBARODA | 266.2 | 260 |
| BANKINDIA | 133.9 | 130 |
| BDL | 1544 | 1550 |
| BEL | 422.05 | 410 |
| BHARATFORG | 1283.9 | 1260 |
| BHARTIARTL | 2029.3 | 1960 |
| BHEL | 230.94 | 237.5 |
| BIOCON | 359.5 | 360 |
| BLUESTARCO | 2006 | 1960 |
| BOSCHLTD | 38585 | 39000 |
| BPCL | 330.45 | 335 |
| BRITANNIA | 6053 | 6000 |
| BSE | 2475 | 2400 |
| CAMS | 3880.2 | 3900 |
| CANBK | 125.7 | 125 |
| CDSL | 1590.2 | 1580 |
| CGPOWER | 723.85 | 750 |
| CHOLAFIN | 1733.6 | 1660 |
| CIPLA | 1584.4 | 1590 |
| COALINDIA | 394.05 | 390 |
| COFORGE | 1760 | 1700 |
| COLPAL | 2239.4 | 2260 |
| CONCOR | 536.9 | 540 |
| CROMPTON | 293.35 | 300 |
| CUMMINSIND | 4183.2 | 4100 |
| CYIENT | 1185.6 | 1180 |
| DABUR | 508.45 | 500 |
| DALBHARAT | 2098.4 | 2140 |
| DELHIVERY | 466.9 | 465 |
| DIVISLAB | 6593 | 6400 |
| DIXON | 15490 | 16000 |
| DLF | 772.45 | 760 |
| DMART | 4213.9 | 4300 |
| DRREDDY | 1283.6 | 1270 |
| EICHERMOT | 6840 | 6900 |
| ETERNAL | 326.6 | 330 |
| EXIDEIND | 388.7 | 400 |
| FEDERALBNK | 227.4 | 220 |
| FORTIS | 1037.3 | 1040 |
| GAIL | 181.02 | 180 |
| GLENMARK | 1818.8 | 1900 |
| GMRAIRPORT | 93.2 | 91 |
| GODREJCP | 1130.4 | 1140 |
| GODREJPROP | 2287.8 | 2200 |
| GRASIM | 2841.3 | 2820 |
| HAL | 4814.2 | 4800 |
| HAVELLS | 1494.9 | 1500 |
| HCLTECH | 1523.8 | 1500 |
| HDFCAMC | 5543.5 | 5650 |
| HDFCBANK | 994.75 | 990 |
| HDFCLIFE | 734.95 | 750 |
| HEROMOTOCO | 5540.5 | 5550 |
| HFCL | 77.74 | 75 |
| HINDALCO | 824.45 | 800 |
| HINDPETRO | 438.45 | 440 |
| HINDUNILVR | 2516.4 | 2540 |
| HINDZINC | 486.7 | 490 |
| HUDCO | 226.85 | 230 |
| ICICIBANK | 1377.7 | 1390 |
| ICICIGI | 1993.9 | 1960 |
| ICICIPRULI | 601.95 | 600 |
| IDEA | 9.62 | 9 |
| IDFCFIRSTB | 78.2 | 75 |
| IEX | 147.05 | 142.5 |
| IGL | 211.16 | 215 |
| IIFL | 489.8 | 480 |
| INDHOTEL | 735.9 | 740 |
| INDIANB | 820.05 | 800 |
| INDIGO | 5779 | 5750 |
| INDUSINDBK | 755.05 | 750 |
| INDUSTOWER | 361.55 | 355 |
| INFY | 1525.4 | 1480 |
| INOXWIND | 154.08 | 150 |
| IOC | 150.37 | 152 |
| IRCTC | 714.8 | 720 |
| IREDA | 153.4 | 155 |
| IRFC | 123.73 | 125 |
| ITC | 416.8 | 410 |
| JINDALSTEL | 1008.2 | 1030 |
| JIOFIN | 305.95 | 310 |
| JSWENERGY | 531.15 | 530 |
| JSWSTEEL | 1141.4 | 1150 |
| JUBLFOOD | 590.55 | 600 |
| KALYANKJIL | 495.3 | 490 |
| KAYNES | 6689 | 7000 |
| KEI | 4125.7 | 4200 |
| KFINTECH | 1149.4 | 1140 |
| KOTAKBANK | 2187 | 2140 |
| KPITTECH | 1178.7 | 1180 |
| LAURUSLABS | 926.4 | 900 |
| LICHSGFIN | 579.5 | 580 |
| LICI | 889.65 | 900 |
| LODHA | 1172.9 | 1160 |
| LT | 3904.9 | 3800 |
| LTF | 267 | 262.5 |
| LTIM | 5546 | 5550 |
| LUPIN | 1931.2 | 1960 |
| M&M | 3625 | 3550 |
| MANAPPURAM | 279.95 | 285 |
| MANKIND | 2432.4 | 2450 |
| MARICO | 725.85 | 720 |
| MARUTI | 16274 | 16100 |
| MAXHEALTH | 1184.1 | 1180 |
| MAZDOCK | 2805.5 | 2850 |
| MCX | 9003.5 | 9000 |
| MFSL | 1518 | 1560 |
| MOTHERSON | 106.25 | 106 |
| MPHASIS | 2818.9 | 2800 |
| MUTHOOTFIN | 3163.1 | 3200 |
| NATIONALUM | 236.1 | 230 |
| NAUKRI | 1377.8 | 1380 |
| NBCC | 111.69 | 111 |
| NCC | 209.56 | 210 |
| NESTLEIND | 1282 | 1230 |
| NHPC | 84.79 | 86 |
| NMDC | 74.19 | 76 |
| NTPC | 339.6 | 340 |
| NUVAMA | 7176 | 7000 |
| NYKAA | 250.59 | 255 |
| OBEROIRLTY | 1699.9 | 1660 |
| OFSS | 8565 | 8700 |
| OIL | 419.5 | 420 |
| ONGC | 254.96 | 250 |
| PAGEIND | 41025 | 41500 |
| PATANJALI | 580.95 | 590 |
| PAYTM | 1287 | 1260 |
| PERSISTENT | 5826 | 5600 |
| PETRONET | 281.05 | 285 |
| PFC | 393.6 | 410 |
| PGEL | 575.95 | 560 |
| PHOENIXLTD | 1680.7 | 1660 |
| PIDILITIND | 1507.1 | 1510 |
| PIIND | 3583.2 | 3600 |
| PNB | 116.94 | 117 |
| PNBHOUSING | 907.3 | 890 |
| POLICYBZR | 1685.7 | 1700 |
| POLYCAB | 7513 | 7500 |
| POWERGRID | 288.5 | 290 |
| POWERINDIA | 16767 | 17250 |
| PPLPHARMA | 202.37 | 200 |
| PRESTIGE | 1754.1 | 1680 |
| RBLBANK | 315.95 | 295 |
| RECLTD | 372.6 | 380 |
| RELIANCE | 1451.6 | 1420 |
| RVNL | 329.45 | 340 |
| SAIL | 129.46 | 132 |
| SAMMAANCAP | 188.25 | 170 |
| SBICARD | 928.95 | 920 |
| SBILIFE | 1839.8 | 1800 |
| SBIN | 904.5 | 885 |
| SHREECEM | 28705 | 29000 |
| SHRIRAMFIN | 715.45 | 680 |
| SIEMENS | 3152.2 | 3150 |
| SILVER | 147150 | 150000 |
| SILVERM | 149325 | 150000 |
| SOLARINDS | 14017 | 14000 |
| SONACOMS | 478.7 | 460 |
| SRF | 3082 | 3100 |
| SUNPHARMA | 1699 | 1680 |
| SUPREMEIND | 4003.7 | 4150 |
| SUZLON | 53.82 | 55 |
| SYNGENE | 659.85 | 640 |
| TATACONSUM | 1155.3 | 1150 |
| TATAELXSI | 5544 | 5400 |
| TATAMOTORS | 0 | 360 |
| TATAPOWER | 396.85 | 400 |
| TATASTEEL | 174.44 | 175 |
| TATATECH | 689.65 | 700 |
| TCS | 3063.2 | 3020 |
| TECHM | 1453.7 | 1460 |
| TIINDIA | 3159.2 | 3200 |
| TITAGARH | 874.7 | 900 |
| TITAN | 3714.9 | 3600 |
| TMPV | 403.3 | 400 |
| TORNTPHARM | 3581.4 | 3550 |
| TORNTPOWER | 1325.8 | 1300 |
| TRENT | 4789.6 | 4800 |
| TVSMOTOR | 3599.8 | 3550 |
| ULTRACEMCO | 11918 | 12200 |
| UNIONBANK | 141.77 | 140 |
| UNITDSPR | 1357.4 | 1350 |
| UNOMINDA | 1192 | 1240 |
| UPL | 672.05 | 680 |
| VBL | 461.4 | 460 |
| VEDL | 495.6 | 480 |
| VOLTAS | 1441.4 | 1400 |
| WIPRO | 242.98 | 245 |
| YESBANK | 22.67 | 23 |
| ZYDUSLIFE | 1004.9 | 1000 |
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.
