RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
21 Nov 2024 02:22 PM IST
Max Pain for RELIANCE is 1290
Strike 1040 has a total call value of 0 versus a total put value of 1,240,464,000,000 Combined total value = 1,240,464,000,000
Strike 1050 has a total call value of 0 versus a total put value of 1,195,821,500,000 Combined total value = 1,195,821,500,000
Strike 1060 has a total call value of 0 versus a total put value of 1,151,179,000,000 Combined total value = 1,151,179,000,000
Strike 1070 has a total call value of 0 versus a total put value of 1,106,536,500,000 Combined total value = 1,106,536,500,000
Strike 1080 has a total call value of 0 versus a total put value of 1,061,894,000,000 Combined total value = 1,061,894,000,000
Strike 1090 has a total call value of 0 versus a total put value of 1,017,260,000,000 Combined total value = 1,017,260,000,000
Strike 1100 has a total call value of 0 versus a total put value of 972,626,000,000 Combined total value = 972,626,000,000
Strike 1110 has a total call value of 10,000,000 versus a total put value of 928,792,500,000 Combined total value = 928,802,500,000
Strike 1120 has a total call value of 20,000,000 versus a total put value of 884,959,000,000 Combined total value = 884,979,000,000
Strike 1130 has a total call value of 30,000,000 versus a total put value of 841,316,000,000 Combined total value = 841,346,000,000
Strike 1140 has a total call value of 40,000,000 versus a total put value of 797,673,000,000 Combined total value = 797,713,000,000
Strike 1150 has a total call value of 55,000,000 versus a total put value of 754,662,000,000 Combined total value = 754,717,000,000
Strike 1160 has a total call value of 77,000,000 versus a total put value of 712,101,000,000 Combined total value = 712,178,000,000
Strike 1170 has a total call value of 99,000,000 versus a total put value of 670,708,000,000 Combined total value = 670,807,000,000
Strike 1180 has a total call value of 153,500,000 versus a total put value of 629,697,500,000 Combined total value = 629,851,000,000
Strike 1190 has a total call value of 248,500,000 versus a total put value of 589,579,500,000 Combined total value = 589,828,000,000
Strike 1200 has a total call value of 369,000,000 versus a total put value of 550,350,500,000 Combined total value = 550,719,500,000
Strike 1210 has a total call value of 1,402,000,000 versus a total put value of 515,155,000,000 Combined total value = 516,557,000,000
Strike 1220 has a total call value of 2,636,500,000 versus a total put value of 480,493,500,000 Combined total value = 483,130,000,000
Strike 1230 has a total call value of 5,607,500,000 versus a total put value of 447,393,500,000 Combined total value = 453,001,000,000
Strike 1240 has a total call value of 10,989,500,000 versus a total put value of 415,292,000,000 Combined total value = 426,281,500,000
Strike 1250 has a total call value of 19,154,000,000 versus a total put value of 384,999,500,000 Combined total value = 404,153,500,000
Strike 1260 has a total call value of 31,138,500,000 versus a total put value of 357,113,500,000 Combined total value = 388,252,000,000
Strike 1270 has a total call value of 46,475,000,000 versus a total put value of 330,561,000,000 Combined total value = 377,036,000,000
Strike 1280 has a total call value of 64,800,500,000 versus a total put value of 304,901,000,000 Combined total value = 369,701,500,000
Strike 1290 has a total call value of 88,807,000,000 versus a total put value of 280,497,000,000 Combined total value = 369,304,000,000
Strike 1300 has a total call value of 117,019,000,000 versus a total put value of 256,997,500,000 Combined total value = 374,016,500,000
Strike 1310 has a total call value of 155,638,500,000 versus a total put value of 236,324,500,000 Combined total value = 391,963,000,000
Strike 1320 has a total call value of 196,471,000,000 versus a total put value of 216,328,500,000 Combined total value = 412,799,500,000
Strike 1330 has a total call value of 241,336,000,000 versus a total put value of 197,112,000,000 Combined total value = 438,448,000,000
Strike 1340 has a total call value of 289,436,000,000 versus a total put value of 178,694,000,000 Combined total value = 468,130,000,000
Strike 1350 has a total call value of 341,469,500,000 versus a total put value of 161,556,500,000 Combined total value = 503,026,000,000
Strike 1360 has a total call value of 403,679,500,000 versus a total put value of 146,821,000,000 Combined total value = 550,500,500,000
Strike 1370 has a total call value of 468,736,500,000 versus a total put value of 132,738,000,000 Combined total value = 601,474,500,000
Strike 1380 has a total call value of 534,939,500,000 versus a total put value of 119,111,500,000 Combined total value = 654,051,000,000
Strike 1390 has a total call value of 602,788,000,000 versus a total put value of 105,817,500,000 Combined total value = 708,605,500,000
Strike 1400 has a total call value of 671,307,500,000 versus a total put value of 92,867,000,000 Combined total value = 764,174,500,000
Strike 1410 has a total call value of 748,592,000,000 versus a total put value of 82,533,500,000 Combined total value = 831,125,500,000
Strike 1420 has a total call value of 826,471,000,000 versus a total put value of 72,271,000,000 Combined total value = 898,742,000,000
Strike 1430 has a total call value of 905,105,000,000 versus a total put value of 62,382,000,000 Combined total value = 967,487,000,000
Strike 1440 has a total call value of 984,152,500,000 versus a total put value of 53,016,500,000 Combined total value = 1,037,169,000,000
Strike 1450 has a total call value of 1,063,765,500,000 versus a total put value of 43,739,500,000 Combined total value = 1,107,505,000,000
Strike 1460 has a total call value of 1,147,045,500,000 versus a total put value of 37,746,500,000 Combined total value = 1,184,792,000,000
Strike 1470 has a total call value of 1,230,544,500,000 versus a total put value of 31,936,500,000 Combined total value = 1,262,481,000,000
Strike 1480 has a total call value of 1,314,360,000,000 versus a total put value of 26,263,000,000 Combined total value = 1,340,623,000,000
Strike 1490 has a total call value of 1,398,437,000,000 versus a total put value of 20,739,000,000 Combined total value = 1,419,176,000,000
Strike 1500 has a total call value of 1,482,784,500,000 versus a total put value of 15,215,000,000 Combined total value = 1,497,999,500,000
Strike 1510 has a total call value of 1,573,567,000,000 versus a total put value of 13,358,000,000 Combined total value = 1,586,925,000,000
Strike 1520 has a total call value of 1,664,477,500,000 versus a total put value of 11,501,000,000 Combined total value = 1,675,978,500,000
Strike 1530 has a total call value of 1,755,537,000,000 versus a total put value of 9,644,000,000 Combined total value = 1,765,181,000,000
Strike 1540 has a total call value of 1,846,671,000,000 versus a total put value of 7,787,000,000 Combined total value = 1,854,458,000,000
Strike 1550 has a total call value of 1,937,847,500,000 versus a total put value of 5,930,000,000 Combined total value = 1,943,777,500,000
Strike 1560 has a total call value of 2,030,342,000,000 versus a total put value of 5,177,500,000 Combined total value = 2,035,519,500,000
Strike 1570 has a total call value of 2,122,897,500,000 versus a total put value of 4,425,000,000 Combined total value = 2,127,322,500,000
Strike 1580 has a total call value of 2,215,453,000,000 versus a total put value of 3,672,500,000 Combined total value = 2,219,125,500,000
Strike 1590 has a total call value of 2,308,012,500,000 versus a total put value of 2,920,000,000 Combined total value = 2,310,932,500,000
Strike 1600 has a total call value of 2,400,572,000,000 versus a total put value of 2,167,500,000 Combined total value = 2,402,739,500,000
Strike 1610 has a total call value of 2,494,225,500,000 versus a total put value of 1,950,000,000 Combined total value = 2,496,175,500,000
Strike 1620 has a total call value of 2,587,895,500,000 versus a total put value of 1,732,500,000 Combined total value = 2,589,628,000,000
Strike 1630 has a total call value of 2,681,565,500,000 versus a total put value of 1,515,000,000 Combined total value = 2,683,080,500,000
Strike 1640 has a total call value of 2,775,235,500,000 versus a total put value of 1,297,500,000 Combined total value = 2,776,533,000,000
Strike 1650 has a total call value of 2,868,905,500,000 versus a total put value of 1,080,000,000 Combined total value = 2,869,985,500,000
Strike 1660 has a total call value of 2,962,660,500,000 versus a total put value of 864,000,000 Combined total value = 2,963,524,500,000
Strike 1670 has a total call value of 3,056,415,500,000 versus a total put value of 648,000,000 Combined total value = 3,057,063,500,000
Strike 1680 has a total call value of 3,150,170,500,000 versus a total put value of 432,000,000 Combined total value = 3,150,602,500,000
Strike 1690 has a total call value of 3,243,925,500,000 versus a total put value of 216,000,000 Combined total value = 3,244,141,500,000
Strike 1700 has a total call value of 3,337,680,500,000 versus a total put value of 0 Combined total value = 3,337,680,500,000
Strike 1710 has a total call value of 3,431,657,000,000 versus a total put value of 0 Combined total value = 3,431,657,000,000
Strike 1720 has a total call value of 3,525,633,500,000 versus a total put value of 0 Combined total value = 3,525,633,500,000
Strike 1730 has a total call value of 3,619,610,000,000 versus a total put value of 0 Combined total value = 3,619,610,000,000
Strike 1740 has a total call value of 3,713,586,500,000 versus a total put value of 0 Combined total value = 3,713,586,500,000
Strike 1750 has a total call value of 3,807,563,000,000 versus a total put value of 0 Combined total value = 3,807,563,000,000
Strike 1760 has a total call value of 3,901,539,500,000 versus a total put value of 0 Combined total value = 3,901,539,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425 | 470 |
| ABB | 6758.15 | 7000 |
| ABBOTINDIA | 27022.4 | 28000 |
| ABCAPITAL | 184 | 200 |
| ABFRL | 285 | 300 |
| ACC | 2042.4 | 2220 |
| ADANIENT | 2282.35 | 2620 |
| ADANIPORTS | 1133.65 | 1200 |
| ALKEM | 5590.05 | 5500 |
| AMBUJACEM | 493.4 | 540 |
| APOLLOHOSP | 6720.95 | 6900 |
| APOLLOTYRE | 483.2 | 480 |
| ASHOKLEY | 217.53 | 220 |
| ASIANPAINT | 2429.95 | 2540 |
| ASTRAL | 1713.75 | 1780 |
| ATUL | 7246.4 | 7500 |
| AUBANK | 594.15 | 590 |
| AUROPHARMA | 1218.85 | 1300 |
| AXISBANK | 1140.95 | 1150 |
| BAJAJ-AUTO | 9476.95 | 9700 |
| BAJAJFINSV | 1570.4 | 1620 |
| BAJFINANCE | 6474.2 | 6700 |
| BALKRISIND | 2737.1 | 2800 |
| BANDHANBNK | 166.48 | 180 |
| BANKBARODA | 229.25 | 240 |
| BATAINDIA | 1280.2 | 1310 |
| BEL | 274.45 | 285 |
| BERGEPAINT | 465.75 | 495 |
| BHARATFORG | 1296.05 | 1340 |
| BHARTIARTL | 1521.15 | 1540 |
| BHEL | 227.75 | 235 |
| BIOCON | 324.25 | 330 |
| BOSCHLTD | 34068.55 | 34000 |
| BPCL | 282 | 300 |
| BRITANNIA | 4767.9 | 5000 |
| BSOFT | 545.05 | 560 |
| CANBK | 94.8 | 100 |
| CANFINHOME | 821.8 | 830 |
| CHAMBLFERT | 456 | 480 |
| CHOLAFIN | 1209.25 | 1240 |
| CIPLA | 1460.9 | 1520 |
| COALINDIA | 405 | 425 |
| COFORGE | 8203.7 | 8000 |
| COLPAL | 2687.35 | 2800 |
| CONCOR | 768.55 | 810 |
| COROMANDEL | 1773.85 | 1720 |
| CROMPTON | 381.3 | 390 |
| CUB | 170.2 | 175 |
| CUMMINSIND | 3294.7 | 3400 |
| DABUR | 505 | 525 |
| DALBHARAT | 1775.1 | 1760 |
| DEEPAKNTR | 2622.05 | 2650 |
| DIVISLAB | 5958.45 | 5900 |
| DIXON | 14991.95 | 14750 |
| DLF | 775.9 | 780 |
| DRREDDY | 1193.25 | 1220 |
| EICHERMOT | 4889.15 | 4900 |
| ESCORTS | 3447.9 | 3600 |
| EXIDEIND | 415.55 | 440 |
| FEDERALBNK | 210.65 | 205 |
| GAIL | 188.37 | 197.5 |
| GLENMARK | 1461.7 | 1520 |
| GMRINFRA | 77.04 | 82 |
| GNFC | 556.4 | 570 |
| GODREJCP | 1180.5 | 1200 |
| GODREJPROP | 2708.4 | 2750 |
| GRANULES | 545 | 580 |
| GRASIM | 2543 | 2540 |
| GUJGASLTD | 453.45 | 480 |
| HAL | 3989.6 | 4200 |
| HAVELLS | 1632.45 | 1640 |
| HCLTECH | 1832.75 | 1820 |
| HDFCAMC | 4221.85 | 4300 |
| HDFCBANK | 1741.9 | 1740 |
| HDFCLIFE | 673.55 | 680 |
| HEROMOTOCO | 4754.05 | 4800 |
| HINDALCO | 645.45 | 650 |
| HINDCOPPER | 262.55 | 290 |
| HINDPETRO | 359.1 | 375 |
| HINDUNILVR | 2380 | 2480 |
| ICICIBANK | 1251.4 | 1260 |
| ICICIGI | 1812.45 | 1880 |
| ICICIPRULI | 679.45 | 690 |
| IDEA | 6.94 | 8 |
| IDFCFIRSTB | 63.18 | 66 |
| IEX | 161.21 | 170 |
| IGL | 311.95 | 330 |
| INDHOTEL | 785.85 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4063.65 | 4000 |
| INDUSINDBK | 975.45 | 1040 |
| INDUSTOWER | 329.45 | 340 |
| INFY | 1831.75 | 1800 |
| IOC | 130.97 | 140 |
| IPCALAB | 1569.65 | 1560 |
| IRCTC | 795.1 | 820 |
| ITC | 456.3 | 475 |
| JINDALSTEL | 871.95 | 900 |
| JKCEMENT | 4006.8 | 4000 |
| JSWSTEEL | 941.55 | 960 |
| JUBLFOOD | 610.75 | 620 |
| KOTAKBANK | 1735.55 | 1760 |
| LALPATHLAB | 3030.25 | 3100 |
| LAURUSLABS | 489.1 | 490 |
| LICHSGFIN | 611.7 | 630 |
| LT | 3483.15 | 3600 |
| LTF | 137.81 | 140 |
| LTIM | 5920.95 | 5900 |
| LTTS | 5175.15 | 5150 |
| LUPIN | 2039.95 | 2100 |
| M&M | 2933.7 | 2900 |
| M&MFIN | 256.55 | 265 |
| MANAPPURAM | 150.91 | 155 |
| MARICO | 590.55 | 600 |
| MARUTI | 10869.05 | 11000 |
| MCX | 6161 | 6200 |
| METROPOLIS | 2010.4 | 2060 |
| MFSL | 1173.7 | 1200 |
| MGL | 1116.1 | 1160 |
| MOTHERSON | 161.52 | 175 |
| MPHASIS | 2783.4 | 2850 |
| MRF | 123125 | 122500 |
| MUTHOOTFIN | 1905.9 | 1880 |
| NATIONALUM | 246.32 | 240 |
| NAUKRI | 7527.1 | 7700 |
| NAVINFLUOR | 3267.8 | 3400 |
| NESTLEIND | 2201 | 2280 |
| NMDC | 218.2 | 225 |
| NTPC | 355.7 | 370 |
| OBEROIRLTY | 1932.6 | 1960 |
| OFSS | 11144.15 | 11500 |
| ONGC | 242 | 250 |
| PAGEIND | 44436.65 | 45500 |
| PEL | 1050.7 | 1060 |
| PERSISTENT | 5728.3 | 5600 |
| PETRONET | 320.9 | 328 |
| PFC | 453.05 | 460 |
| PIDILITIND | 2943.9 | 3060 |
| PIIND | 4129.9 | 4200 |
| PNB | 96.88 | 102 |
| POLYCAB | 6410.8 | 6500 |
| POWERGRID | 324.1 | 320 |
| PVRINOX | 1442.7 | 1500 |
| RAMCOCEM | 915 | 900 |
| RBLBANK | 157.61 | 160 |
| RECLTD | 490.75 | 510 |
| RELIANCE | 1218.75 | 1290 |
| SAIL | 111.05 | 117.5 |
| SBICARD | 674.65 | 690 |
| SBILIFE | 1481.6 | 1520 |
| SBIN | 782.45 | 800 |
| SHREECEM | 24200.1 | 24500 |
| SHRIRAMFIN | 2808.25 | 2900 |
| SIEMENS | 6664.85 | 6800 |
| SRF | 2154.75 | 2260 |
| SUNPHARMA | 1768.85 | 1800 |
| SUNTV | 728.9 | 730 |
| SYNGENE | 845.3 | 870 |
| TATACHEM | 1055.25 | 1100 |
| TATACOMM | 1708.2 | 1780 |
| TATACONSUM | 910.35 | 950 |
| TATAMOTORS | 774.8 | 800 |
| TATAPOWER | 410.15 | 420 |
| TATASTEEL | 140.12 | 145 |
| TCS | 4058.4 | 4100 |
| TECHM | 1698.55 | 1680 |
| TITAN | 3178.05 | 3200 |
| TORNTPHARM | 3096.15 | 3150 |
| TRENT | 6449.9 | 6600 |
| TVSMOTOR | 2395.15 | 2450 |
| UBL | 1818.8 | 1880 |
| ULTRACEMCO | 10946.65 | 11000 |
| UNITDSPR | 1488.9 | 1480 |
| UPL | 561.9 | 540 |
| VEDL | 441.65 | 460 |
| VOLTAS | 1670.05 | 1700 |
| WIPRO | 556.95 | 560 |
| ZYDUSLIFE | 942.5 | 980 |
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.
