RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
12 May 2025 04:12 PM IST
Max Pain for RELIANCE is 1380
Strike 960 has a total call value of 0 versus a total put value of 1,768,107,000,000 Combined total value = 1,768,107,000,000
Strike 970 has a total call value of 0 versus a total put value of 1,720,594,000,000 Combined total value = 1,720,594,000,000
Strike 980 has a total call value of 0 versus a total put value of 1,673,097,500,000 Combined total value = 1,673,097,500,000
Strike 990 has a total call value of 0 versus a total put value of 1,625,611,500,000 Combined total value = 1,625,611,500,000
Strike 1000 has a total call value of 0 versus a total put value of 1,578,125,500,000 Combined total value = 1,578,125,500,000
Strike 1010 has a total call value of 0 versus a total put value of 1,531,507,500,000 Combined total value = 1,531,507,500,000
Strike 1020 has a total call value of 0 versus a total put value of 1,484,889,500,000 Combined total value = 1,484,889,500,000
Strike 1030 has a total call value of 0 versus a total put value of 1,438,274,500,000 Combined total value = 1,438,274,500,000
Strike 1040 has a total call value of 0 versus a total put value of 1,391,659,500,000 Combined total value = 1,391,659,500,000
Strike 1050 has a total call value of 0 versus a total put value of 1,345,069,500,000 Combined total value = 1,345,069,500,000
Strike 1060 has a total call value of 0 versus a total put value of 1,298,605,500,000 Combined total value = 1,298,605,500,000
Strike 1070 has a total call value of 0 versus a total put value of 1,252,151,500,000 Combined total value = 1,252,151,500,000
Strike 1080 has a total call value of 0 versus a total put value of 1,205,726,500,000 Combined total value = 1,205,726,500,000
Strike 1090 has a total call value of 0 versus a total put value of 1,159,355,500,000 Combined total value = 1,159,355,500,000
Strike 1100 has a total call value of 0 versus a total put value of 1,113,012,000,000 Combined total value = 1,113,012,000,000
Strike 1110 has a total call value of 608,000,000 versus a total put value of 1,067,434,500,000 Combined total value = 1,068,042,500,000
Strike 1120 has a total call value of 1,216,000,000 versus a total put value of 1,021,876,500,000 Combined total value = 1,023,092,500,000
Strike 1130 has a total call value of 1,824,000,000 versus a total put value of 976,446,000,000 Combined total value = 978,270,000,000
Strike 1140 has a total call value of 2,432,000,000 versus a total put value of 931,226,000,000 Combined total value = 933,658,000,000
Strike 1150 has a total call value of 3,040,000,000 versus a total put value of 886,170,000,000 Combined total value = 889,210,000,000
Strike 1160 has a total call value of 3,731,500,000 versus a total put value of 841,761,500,000 Combined total value = 845,493,000,000
Strike 1170 has a total call value of 4,483,500,000 versus a total put value of 797,517,500,000 Combined total value = 802,001,000,000
Strike 1180 has a total call value of 5,235,500,000 versus a total put value of 753,357,500,000 Combined total value = 758,593,000,000
Strike 1190 has a total call value of 6,098,500,000 versus a total put value of 709,413,000,000 Combined total value = 715,511,500,000
Strike 1200 has a total call value of 6,961,500,000 versus a total put value of 665,660,500,000 Combined total value = 672,622,000,000
Strike 1210 has a total call value of 8,116,500,000 versus a total put value of 624,886,000,000 Combined total value = 633,002,500,000
Strike 1220 has a total call value of 9,271,500,000 versus a total put value of 584,278,000,000 Combined total value = 593,549,500,000
Strike 1230 has a total call value of 10,491,000,000 versus a total put value of 544,149,000,000 Combined total value = 554,640,000,000
Strike 1240 has a total call value of 11,799,000,000 versus a total put value of 504,344,500,000 Combined total value = 516,143,500,000
Strike 1250 has a total call value of 13,353,500,000 versus a total put value of 465,034,500,000 Combined total value = 478,388,000,000
Strike 1260 has a total call value of 15,495,500,000 versus a total put value of 427,215,500,000 Combined total value = 442,711,000,000
Strike 1270 has a total call value of 17,902,000,000 versus a total put value of 390,335,500,000 Combined total value = 408,237,500,000
Strike 1280 has a total call value of 20,507,500,000 versus a total put value of 354,103,000,000 Combined total value = 374,610,500,000
Strike 1290 has a total call value of 23,843,000,000 versus a total put value of 319,128,500,000 Combined total value = 342,971,500,000
Strike 1300 has a total call value of 27,772,000,000 versus a total put value of 285,164,000,000 Combined total value = 312,936,000,000
Strike 1310 has a total call value of 33,637,000,000 versus a total put value of 256,888,500,000 Combined total value = 290,525,500,000
Strike 1320 has a total call value of 40,458,500,000 versus a total put value of 229,233,000,000 Combined total value = 269,691,500,000
Strike 1330 has a total call value of 48,856,500,000 versus a total put value of 202,829,000,000 Combined total value = 251,685,500,000
Strike 1340 has a total call value of 57,750,000,000 versus a total put value of 177,429,500,000 Combined total value = 235,179,500,000
Strike 1350 has a total call value of 67,346,000,000 versus a total put value of 153,236,500,000 Combined total value = 220,582,500,000
Strike 1360 has a total call value of 80,672,500,000 versus a total put value of 132,360,000,000 Combined total value = 213,032,500,000
Strike 1370 has a total call value of 95,249,000,000 versus a total put value of 112,982,000,000 Combined total value = 208,231,000,000
Strike 1380 has a total call value of 110,990,500,000 versus a total put value of 95,082,500,000 Combined total value = 206,073,000,000
Strike 1390 has a total call value of 128,326,000,000 versus a total put value of 78,341,500,000 Combined total value = 206,667,500,000
Strike 1400 has a total call value of 146,539,000,000 versus a total put value of 62,581,500,000 Combined total value = 209,120,500,000
Strike 1410 has a total call value of 170,739,000,000 versus a total put value of 50,749,500,000 Combined total value = 221,488,500,000
Strike 1420 has a total call value of 196,101,000,000 versus a total put value of 39,985,000,000 Combined total value = 236,086,000,000
Strike 1430 has a total call value of 225,141,500,000 versus a total put value of 31,148,000,000 Combined total value = 256,289,500,000
Strike 1440 has a total call value of 256,739,500,000 versus a total put value of 23,782,500,000 Combined total value = 280,522,000,000
Strike 1450 has a total call value of 294,024,000,000 versus a total put value of 18,273,500,000 Combined total value = 312,297,500,000
Strike 1460 has a total call value of 338,297,000,000 versus a total put value of 14,496,000,000 Combined total value = 352,793,000,000
Strike 1470 has a total call value of 384,589,000,000 versus a total put value of 11,656,000,000 Combined total value = 396,245,000,000
Strike 1480 has a total call value of 432,030,500,000 versus a total put value of 8,995,500,000 Combined total value = 441,026,000,000
Strike 1490 has a total call value of 481,537,500,000 versus a total put value of 6,993,000,000 Combined total value = 488,530,500,000
Strike 1500 has a total call value of 531,716,000,000 versus a total put value of 5,059,500,000 Combined total value = 536,775,500,000
Strike 1510 has a total call value of 585,992,000,000 versus a total put value of 3,499,000,000 Combined total value = 589,491,000,000
Strike 1520 has a total call value of 640,798,000,000 versus a total put value of 1,960,500,000 Combined total value = 642,758,500,000
Strike 1530 has a total call value of 697,483,500,000 versus a total put value of 1,649,500,000 Combined total value = 699,133,000,000
Strike 1540 has a total call value of 754,695,000,000 versus a total put value of 1,338,500,000 Combined total value = 756,033,500,000
Strike 1550 has a total call value of 812,588,500,000 versus a total put value of 1,027,500,000 Combined total value = 813,616,000,000
Strike 1560 has a total call value of 871,105,000,000 versus a total put value of 822,000,000 Combined total value = 871,927,000,000
Strike 1570 has a total call value of 931,202,500,000 versus a total put value of 616,500,000 Combined total value = 931,819,000,000
Strike 1580 has a total call value of 991,300,000,000 versus a total put value of 411,000,000 Combined total value = 991,711,000,000
Strike 1590 has a total call value of 1,052,215,500,000 versus a total put value of 205,500,000 Combined total value = 1,052,421,000,000
Strike 1600 has a total call value of 1,113,131,000,000 versus a total put value of 0 Combined total value = 1,113,131,000,000
Strike 1610 has a total call value of 1,174,674,500,000 versus a total put value of 0 Combined total value = 1,174,674,500,000
Strike 1620 has a total call value of 1,236,218,000,000 versus a total put value of 0 Combined total value = 1,236,218,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 468.6 | 450 |
| ABB | 5587 | 5600 |
| ABCAPITAL | 205.54 | 200 |
| ABFRL | 268.85 | 270 |
| ACC | 1858.8 | 1900 |
| ADANIENSOL | 894.3 | 900 |
| ADANIENT | 2425.3 | 2460 |
| ADANIGREEN | 940.55 | 940 |
| ADANIPORTS | 1362.1 | 1300 |
| ALKEM | 5020.5 | 5000 |
| AMBUJACEM | 541.65 | 550 |
| ANGELONE | 2487 | 2400 |
| APLAPOLLO | 1712.8 | 1660 |
| APOLLOHOSP | 6926 | 6950 |
| APOLLOTYRE | 481 | 475 |
| ASHOKLEY | 231.28 | 225 |
| ASIANPAINT | 2356.4 | 2380 |
| ASTRAL | 1330.3 | 1340 |
| ATGL | 631.1 | 630 |
| AUBANK | 703.4 | 670 |
| AUROPHARMA | 1205.9 | 1200 |
| AXISBANK | 1203 | 1180 |
| BAJAJ-AUTO | 8039.5 | 8000 |
| BAJAJFINSV | 2050.4 | 2020 |
| BAJFINANCE | 9018.5 | 9000 |
| BALKRISIND | 2751.3 | 2720 |
| BANDHANBNK | 163.57 | 165 |
| BANKBARODA | 226.85 | 230 |
| BANKINDIA | 110.09 | 110 |
| BEL | 322.8 | 315 |
| BHARATFORG | 1199.2 | 1140 |
| BHARTIARTL | 1870.8 | 1860 |
| BHEL | 232.95 | 230 |
| BIOCON | 328.15 | 330 |
| BOSCHLTD | 31005 | 30000 |
| BPCL | 309.05 | 310 |
| BRITANNIA | 5608.5 | 5500 |
| BSE | 6955.5 | 6600 |
| BSOFT | 420.45 | 400 |
| CAMS | 3671.6 | 3750 |
| CANBK | 100.86 | 99 |
| CDSL | 1279 | 1300 |
| CESC | 166.76 | 160 |
| CGPOWER | 645.8 | 630 |
| CHAMBLFERT | 689.35 | 690 |
| CHOLAFIN | 1579.2 | 1540 |
| CIPLA | 1511.6 | 1500 |
| COALINDIA | 395.5 | 390 |
| COFORGE | 8311.5 | 7500 |
| COLPAL | 2611.6 | 2620 |
| CONCOR | 688.25 | 700 |
| CROMPTON | 335.5 | 335 |
| CUMMINSIND | 2862.9 | 2900 |
| CYIENT | 1258.4 | 1200 |
| DABUR | 475.05 | 480 |
| DALBHARAT | 1980.9 | 1940 |
| DEEPAKNTR | 1981.1 | 2000 |
| DELHIVERY | 311 | 305 |
| DIVISLAB | 5942 | 6000 |
| DIXON | 16073 | 16000 |
| DLF | 680.5 | 670 |
| DMART | 4023.5 | 4100 |
| DRREDDY | 1195.6 | 1170 |
| EICHERMOT | 5520 | 5550 |
| ESCORTS | 3413.1 | 3300 |
| ETERNAL | 239.5 | 230 |
| EXIDEIND | 378.05 | 380 |
| FEDERALBNK | 194.45 | 195 |
| GAIL | 187.8 | 192.5 |
| GLENMARK | 1381.7 | 1400 |
| GMRAIRPORT | 88.06 | 87 |
| GODREJCP | 1289.5 | 1260 |
| GODREJPROP | 2146.8 | 2150 |
| GRANULES | 460.15 | 460 |
| GRASIM | 2742.8 | 2700 |
| HAL | 4439.7 | 4500 |
| HAVELLS | 1583.1 | 1600 |
| HCLTECH | 1670.3 | 1600 |
| HDFCAMC | 4529.1 | 4450 |
| HDFCBANK | 1957.2 | 1940 |
| HDFCLIFE | 734.6 | 720 |
| HEROMOTOCO | 3984.9 | 3900 |
| HFCL | 81.9 | 80 |
| HINDALCO | 651.95 | 640 |
| HINDCOPPER | 225.06 | 220 |
| HINDPETRO | 388.8 | 395 |
| HINDUNILVR | 2382.5 | 2380 |
| HINDZINC | 434.95 | 430 |
| HUDCO | 224.47 | 220 |
| ICICIBANK | 1448.5 | 1430 |
| ICICIGI | 1836.7 | 1840 |
| ICICIPRULI | 604 | 600 |
| IDEA | 7.07 | 8 |
| IDFCFIRSTB | 69.08 | 66 |
| IEX | 194.95 | 192.5 |
| IGL | 205.28 | 195 |
| IIFL | 388.15 | 370 |
| INDHOTEL | 769.15 | 760 |
| INDIANB | 572.1 | 570 |
| INDIGO | 5476.5 | 5350 |
| INDUSINDBK | 788.5 | 820 |
| INDUSTOWER | 397.4 | 390 |
| INFY | 1626.9 | 1540 |
| INOXWIND | 170.05 | 170 |
| IOC | 142.35 | 143 |
| IRB | 47.81 | 46 |
| IRCTC | 763.45 | 770 |
| IREDA | 168 | 165 |
| IRFC | 125.53 | 125 |
| ITC | 435.5 | 430 |
| JINDALSTEL | 904.75 | 900 |
| JIOFIN | 262.9 | 260 |
| JSL | 610 | 600 |
| JSWENERGY | 481.1 | 480 |
| JSWSTEEL | 1005.2 | 1000 |
| JUBLFOOD | 696.1 | 700 |
| KALYANKJIL | 538.15 | 520 |
| KEI | 3386 | 3200 |
| KOTAKBANK | 2145 | 2140 |
| KPITTECH | 1325.1 | 1260 |
| LAURUSLABS | 593.45 | 610 |
| LICHSGFIN | 601.5 | 600 |
| LICI | 815.45 | 800 |
| LODHA | 1305.4 | 1300 |
| LT | 3587.2 | 3440 |
| LTF | 171.2 | 165 |
| LTIM | 4940.4 | 4650 |
| LUPIN | 2039.8 | 2040 |
| M&M | 3104.7 | 3000 |
| M&MFIN | 256.85 | 265 |
| MANAPPURAM | 230.73 | 230 |
| MARICO | 738.1 | 720 |
| MARUTI | 12616 | 12000 |
| MAXHEALTH | 1159.9 | 1140 |
| MCX | 6061.5 | 6000 |
| MFSL | 1293 | 1280 |
| MGL | 1409.2 | 1360 |
| MOTHERSON | 145.06 | 140 |
| MPHASIS | 2532.4 | 2500 |
| MRF | 139925 | 138000 |
| MUTHOOTFIN | 2256.4 | 2200 |
| NATIONALUM | 168.95 | 170 |
| NAUKRI | 1476 | 1440 |
| NBCC | 99.81 | 98 |
| NCC | 220.37 | 217.5 |
| NESTLEIND | 2383.8 | 2380 |
| NHPC | 83.3 | 84 |
| NMDC | 68.08 | 68 |
| NTPC | 348.55 | 345 |
| NYKAA | 198.97 | 195 |
| OBEROIRLTY | 1617.7 | 1620 |
| OFSS | 8714 | 8400 |
| OIL | 416.45 | 400 |
| ONGC | 244.02 | 240 |
| PAGEIND | 47050 | 46000 |
| PATANJALI | 1818.9 | 1860 |
| PAYTM | 866.05 | 860 |
| PEL | 1062.3 | 1020 |
| PERSISTENT | 5876.5 | 5400 |
| PETRONET | 314.3 | 310 |
| PFC | 413.95 | 420 |
| PHOENIXLTD | 1523.8 | 1550 |
| PIDILITIND | 3076.5 | 3020 |
| PIIND | 3708.4 | 3700 |
| PNB | 95.78 | 96 |
| PNBHOUSING | 1070.8 | 1060 |
| POLICYBZR | 1698 | 1640 |
| POLYCAB | 5992.5 | 5800 |
| POONAWALLA | 385.55 | 380 |
| POWERGRID | 309.05 | 310 |
| PRESTIGE | 1366.1 | 1360 |
| RAMCOCEM | 952.3 | 950 |
| RBLBANK | 205.82 | 200 |
| RECLTD | 412.65 | 420 |
| RELIANCE | 1436.5 | 1380 |
| SAIL | 118.24 | 117.5 |
| SBICARD | 898.15 | 890 |
| SBILIFE | 1751.5 | 1720 |
| SBIN | 801.65 | 800 |
| SHREECEM | 30135 | 30000 |
| SHRIRAMFIN | 645.95 | 620 |
| SIEMENS | 2895.9 | 2900 |
| SJVN | 96.48 | 95 |
| SOLARINDS | 13289 | 13000 |
| SONACOMS | 519.8 | 490 |
| SRF | 3014.5 | 3000 |
| SUNPHARMA | 1686.2 | 1700 |
| SUPREMEIND | 3580.1 | 3500 |
| SYNGENE | 625.6 | 630 |
| TATACHEM | 848.75 | 860 |
| TATACOMM | 1567.4 | 1600 |
| TATACONSUM | 1145.6 | 1130 |
| TATAELXSI | 6100 | 5750 |
| TATAMOTORS | 720.8 | 700 |
| TATAPOWER | 391.4 | 400 |
| TATASTEEL | 151.63 | 145 |
| TATATECH | 701.05 | 670 |
| TCS | 3620.4 | 3480 |
| TECHM | 1573.1 | 1500 |
| TIINDIA | 2961.9 | 2850 |
| TITAGARH | 744.25 | 740 |
| TITAN | 3562.9 | 3480 |
| TORNTPHARM | 3237.7 | 3250 |
| TORNTPOWER | 1465.2 | 1460 |
| TRENT | 5441 | 5300 |
| TVSMOTOR | 2760.7 | 2740 |
| ULTRACEMCO | 11736 | 11800 |
| UNIONBANK | 128.11 | 125 |
| UNITDSPR | 1564.2 | 1560 |
| UPL | 676.85 | 670 |
| VBL | 513.85 | 510 |
| VEDL | 436.05 | 430 |
| VOLTAS | 1265.7 | 1260 |
| WIPRO | 257.28 | 245 |
| YESBANK | 20.41 | 19 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 884.85 | 880 |
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.
