RELIANCE
RELIANCE INDUSTRIES LTD
Max pain for RELIANCE
28 Mar 2024 03:51 PM IST
Max Pain for RELIANCE is 2960
Strike 2200 has a total call value of 0 versus a total put value of 257,172,000,000 Combined total value = 257,172,000,000
Strike 2220 has a total call value of 75,500,000 versus a total put value of 249,566,500,000 Combined total value = 249,642,000,000
Strike 2240 has a total call value of 151,000,000 versus a total put value of 241,961,000,000 Combined total value = 242,112,000,000
Strike 2260 has a total call value of 226,500,000 versus a total put value of 234,355,500,000 Combined total value = 234,582,000,000
Strike 2280 has a total call value of 302,000,000 versus a total put value of 226,750,000,000 Combined total value = 227,052,000,000
Strike 2300 has a total call value of 377,500,000 versus a total put value of 219,144,500,000 Combined total value = 219,522,000,000
Strike 2320 has a total call value of 457,000,000 versus a total put value of 211,547,500,000 Combined total value = 212,004,500,000
Strike 2340 has a total call value of 536,500,000 versus a total put value of 203,955,000,000 Combined total value = 204,491,500,000
Strike 2360 has a total call value of 616,000,000 versus a total put value of 196,362,500,000 Combined total value = 196,978,500,000
Strike 2380 has a total call value of 695,500,000 versus a total put value of 188,770,000,000 Combined total value = 189,465,500,000
Strike 2400 has a total call value of 775,000,000 versus a total put value of 181,177,500,000 Combined total value = 181,952,500,000
Strike 2420 has a total call value of 865,500,000 versus a total put value of 173,637,000,000 Combined total value = 174,502,500,000
Strike 2440 has a total call value of 956,000,000 versus a total put value of 166,096,500,000 Combined total value = 167,052,500,000
Strike 2460 has a total call value of 1,046,500,000 versus a total put value of 158,567,500,000 Combined total value = 159,614,000,000
Strike 2480 has a total call value of 1,137,000,000 versus a total put value of 151,038,500,000 Combined total value = 152,175,500,000
Strike 2500 has a total call value of 1,227,500,000 versus a total put value of 143,509,500,000 Combined total value = 144,737,000,000
Strike 2520 has a total call value of 1,427,000,000 versus a total put value of 136,183,500,000 Combined total value = 137,610,500,000
Strike 2540 has a total call value of 1,626,500,000 versus a total put value of 128,857,500,000 Combined total value = 130,484,000,000
Strike 2560 has a total call value of 1,826,000,000 versus a total put value of 121,537,500,000 Combined total value = 123,363,500,000
Strike 2580 has a total call value of 2,025,500,000 versus a total put value of 114,217,500,000 Combined total value = 116,243,000,000
Strike 2600 has a total call value of 2,246,500,000 versus a total put value of 106,897,500,000 Combined total value = 109,144,000,000
Strike 2620 has a total call value of 2,500,500,000 versus a total put value of 99,835,500,000 Combined total value = 102,336,000,000
Strike 2640 has a total call value of 2,754,500,000 versus a total put value of 92,953,500,000 Combined total value = 95,708,000,000
Strike 2660 has a total call value of 3,008,500,000 versus a total put value of 86,071,500,000 Combined total value = 89,080,000,000
Strike 2680 has a total call value of 3,262,500,000 versus a total put value of 79,211,000,000 Combined total value = 82,473,500,000
Strike 2700 has a total call value of 3,516,500,000 versus a total put value of 72,382,000,000 Combined total value = 75,898,500,000
Strike 2720 has a total call value of 3,848,500,000 versus a total put value of 65,934,500,000 Combined total value = 69,783,000,000
Strike 2740 has a total call value of 4,180,500,000 versus a total put value of 59,542,000,000 Combined total value = 63,722,500,000
Strike 2760 has a total call value of 4,512,500,000 versus a total put value of 53,272,500,000 Combined total value = 57,785,000,000
Strike 2780 has a total call value of 4,945,500,000 versus a total put value of 47,137,500,000 Combined total value = 52,083,000,000
Strike 2800 has a total call value of 5,460,000,000 versus a total put value of 41,092,000,000 Combined total value = 46,552,000,000
Strike 2820 has a total call value of 6,182,500,000 versus a total put value of 35,641,500,000 Combined total value = 41,824,000,000
Strike 2840 has a total call value of 7,061,500,000 versus a total put value of 30,377,000,000 Combined total value = 37,438,500,000
Strike 2860 has a total call value of 8,098,000,000 versus a total put value of 25,545,000,000 Combined total value = 33,643,000,000
Strike 2880 has a total call value of 9,244,500,000 versus a total put value of 21,405,000,000 Combined total value = 30,649,500,000
Strike 2900 has a total call value of 10,609,000,000 versus a total put value of 17,583,000,000 Combined total value = 28,192,000,000
Strike 2920 has a total call value of 12,229,500,000 versus a total put value of 14,297,000,000 Combined total value = 26,526,500,000
Strike 2940 has a total call value of 14,030,000,000 versus a total put value of 11,225,000,000 Combined total value = 25,255,000,000
Strike 2960 has a total call value of 16,058,000,000 versus a total put value of 8,459,000,000 Combined total value = 24,517,000,000
Strike 2980 has a total call value of 19,873,000,000 versus a total put value of 6,534,000,000 Combined total value = 26,407,000,000
Strike 3000 has a total call value of 24,265,500,000 versus a total put value of 5,372,500,000 Combined total value = 29,638,000,000
Strike 3020 has a total call value of 30,618,500,000 versus a total put value of 4,620,500,000 Combined total value = 35,239,000,000
Strike 3040 has a total call value of 37,441,500,000 versus a total put value of 3,928,000,000 Combined total value = 41,369,500,000
Strike 3060 has a total call value of 45,332,500,000 versus a total put value of 3,263,000,000 Combined total value = 48,595,500,000
Strike 3080 has a total call value of 54,467,000,000 versus a total put value of 2,651,500,000 Combined total value = 57,118,500,000
Strike 3100 has a total call value of 64,317,000,000 versus a total put value of 2,094,500,000 Combined total value = 66,411,500,000
Strike 3120 has a total call value of 75,828,500,000 versus a total put value of 1,659,000,000 Combined total value = 77,487,500,000
Strike 3140 has a total call value of 87,725,500,000 versus a total put value of 1,269,500,000 Combined total value = 88,995,000,000
Strike 3160 has a total call value of 100,013,000,000 versus a total put value of 937,000,000 Combined total value = 100,950,000,000
Strike 3180 has a total call value of 112,378,500,000 versus a total put value of 668,500,000 Combined total value = 113,047,000,000
Strike 3200 has a total call value of 124,944,500,000 versus a total put value of 437,000,000 Combined total value = 125,381,500,000
Strike 3220 has a total call value of 138,269,500,000 versus a total put value of 377,000,000 Combined total value = 138,646,500,000
Strike 3240 has a total call value of 151,638,500,000 versus a total put value of 334,000,000 Combined total value = 151,972,500,000
Strike 3260 has a total call value of 165,164,500,000 versus a total put value of 291,000,000 Combined total value = 165,455,500,000
Strike 3280 has a total call value of 178,706,500,000 versus a total put value of 248,000,000 Combined total value = 178,954,500,000
Strike 3300 has a total call value of 192,369,000,000 versus a total put value of 206,000,000 Combined total value = 192,575,000,000
Strike 3320 has a total call value of 206,031,500,000 versus a total put value of 164,000,000 Combined total value = 206,195,500,000
Strike 3340 has a total call value of 219,821,000,000 versus a total put value of 123,000,000 Combined total value = 219,944,000,000
Strike 3360 has a total call value of 233,610,500,000 versus a total put value of 82,000,000 Combined total value = 233,692,500,000
Strike 3380 has a total call value of 247,634,000,000 versus a total put value of 41,000,000 Combined total value = 247,675,000,000
Strike 3400 has a total call value of 261,657,500,000 versus a total put value of 0 Combined total value = 261,657,500,000
Max Pain - Choose a symbol
Index
A
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.