RELIANCE
RELIANCE INDUSTRIES LTD
Max pain for RELIANCE
29 Nov 2023 04:17 PM IST
Max Pain for RELIANCE is 2340
Strike 1860 has a total call value of 0 versus a total put value of 405,674,500,000 Combined total value = 405,674,500,000
Strike 1880 has a total call value of 0 versus a total put value of 387,938,000,000 Combined total value = 387,938,000,000
Strike 1900 has a total call value of 0 versus a total put value of 370,201,500,000 Combined total value = 370,201,500,000
Strike 1920 has a total call value of 0 versus a total put value of 352,598,500,000 Combined total value = 352,598,500,000
Strike 1940 has a total call value of 0 versus a total put value of 334,995,500,000 Combined total value = 334,995,500,000
Strike 1960 has a total call value of 0 versus a total put value of 317,392,500,000 Combined total value = 317,392,500,000
Strike 1980 has a total call value of 0 versus a total put value of 299,831,500,000 Combined total value = 299,831,500,000
Strike 2000 has a total call value of 0 versus a total put value of 282,270,500,000 Combined total value = 282,270,500,000
Strike 2020 has a total call value of 18,500,000 versus a total put value of 265,129,500,000 Combined total value = 265,148,000,000
Strike 2040 has a total call value of 37,000,000 versus a total put value of 248,047,000,000 Combined total value = 248,084,000,000
Strike 2060 has a total call value of 55,500,000 versus a total put value of 230,964,500,000 Combined total value = 231,020,000,000
Strike 2080 has a total call value of 74,000,000 versus a total put value of 214,006,500,000 Combined total value = 214,080,500,000
Strike 2100 has a total call value of 92,500,000 versus a total put value of 197,076,000,000 Combined total value = 197,168,500,000
Strike 2120 has a total call value of 305,000,000 versus a total put value of 180,823,500,000 Combined total value = 181,128,500,000
Strike 2140 has a total call value of 533,000,000 versus a total put value of 164,619,000,000 Combined total value = 165,152,000,000
Strike 2160 has a total call value of 817,000,000 versus a total put value of 148,582,000,000 Combined total value = 149,399,000,000
Strike 2180 has a total call value of 1,135,000,000 versus a total put value of 132,786,000,000 Combined total value = 133,921,000,000
Strike 2200 has a total call value of 1,453,000,000 versus a total put value of 117,083,000,000 Combined total value = 118,536,000,000
Strike 2220 has a total call value of 2,120,500,000 versus a total put value of 102,639,500,000 Combined total value = 104,760,000,000
Strike 2240 has a total call value of 2,896,500,000 versus a total put value of 88,437,500,000 Combined total value = 91,334,000,000
Strike 2260 has a total call value of 3,873,000,000 versus a total put value of 74,547,000,000 Combined total value = 78,420,000,000
Strike 2280 has a total call value of 5,158,500,000 versus a total put value of 61,217,500,000 Combined total value = 66,376,000,000
Strike 2300 has a total call value of 6,602,500,000 versus a total put value of 48,521,000,000 Combined total value = 55,123,500,000
Strike 2320 has a total call value of 9,451,500,000 versus a total put value of 37,454,000,000 Combined total value = 46,905,500,000
Strike 2340 has a total call value of 17,760,000,000 versus a total put value of 28,480,000,000 Combined total value = 46,240,000,000
Strike 2360 has a total call value of 28,833,500,000 versus a total put value of 21,818,500,000 Combined total value = 50,652,000,000
Strike 2380 has a total call value of 40,586,500,000 versus a total put value of 16,666,000,000 Combined total value = 57,252,500,000
Strike 2400 has a total call value of 53,044,000,000 versus a total put value of 12,514,000,000 Combined total value = 65,558,000,000
Strike 2420 has a total call value of 68,881,500,000 versus a total put value of 9,941,500,000 Combined total value = 78,823,000,000
Strike 2440 has a total call value of 86,929,000,000 versus a total put value of 7,920,000,000 Combined total value = 94,849,000,000
Strike 2460 has a total call value of 107,315,000,000 versus a total put value of 6,197,000,000 Combined total value = 113,512,000,000
Strike 2480 has a total call value of 128,485,500,000 versus a total put value of 4,749,500,000 Combined total value = 133,235,000,000
Strike 2500 has a total call value of 150,161,000,000 versus a total put value of 3,623,500,000 Combined total value = 153,784,500,000
Strike 2520 has a total call value of 174,484,000,000 versus a total put value of 3,085,500,000 Combined total value = 177,569,500,000
Strike 2540 has a total call value of 198,990,500,000 versus a total put value of 2,583,500,000 Combined total value = 201,574,000,000
Strike 2560 has a total call value of 223,647,500,000 versus a total put value of 2,112,000,000 Combined total value = 225,759,500,000
Strike 2580 has a total call value of 248,469,000,000 versus a total put value of 1,669,000,000 Combined total value = 250,138,000,000
Strike 2600 has a total call value of 273,377,000,000 versus a total put value of 1,238,000,000 Combined total value = 274,615,000,000
Strike 2620 has a total call value of 299,122,000,000 versus a total put value of 1,020,500,000 Combined total value = 300,142,500,000
Strike 2640 has a total call value of 324,993,500,000 versus a total put value of 819,000,000 Combined total value = 325,812,500,000
Strike 2660 has a total call value of 350,911,000,000 versus a total put value of 617,500,000 Combined total value = 351,528,500,000
Strike 2680 has a total call value of 376,845,500,000 versus a total put value of 416,000,000 Combined total value = 377,261,500,000
Strike 2700 has a total call value of 402,815,000,000 versus a total put value of 215,000,000 Combined total value = 403,030,000,000
Strike 2720 has a total call value of 429,107,000,000 versus a total put value of 172,000,000 Combined total value = 429,279,000,000
Strike 2740 has a total call value of 455,420,000,000 versus a total put value of 129,000,000 Combined total value = 455,549,000,000
Strike 2760 has a total call value of 481,840,500,000 versus a total put value of 86,000,000 Combined total value = 481,926,500,000
Strike 2780 has a total call value of 508,261,000,000 versus a total put value of 43,000,000 Combined total value = 508,304,000,000
Strike 2800 has a total call value of 534,681,500,000 versus a total put value of 0 Combined total value = 534,681,500,000
Strike 2820 has a total call value of 561,245,000,000 versus a total put value of 0 Combined total value = 561,245,000,000
Strike 2840 has a total call value of 587,808,500,000 versus a total put value of 0 Combined total value = 587,808,500,000
Strike 2860 has a total call value of 614,372,000,000 versus a total put value of 0 Combined total value = 614,372,000,000
Strike 2880 has a total call value of 640,935,500,000 versus a total put value of 0 Combined total value = 640,935,500,000
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.