RELIANCE
RELIANCE INDUSTRIES LTD
Max pain for RELIANCE
19 Mar 2024 10:35 AM IST
Max Pain for RELIANCE is 2900
Strike 2200 has a total call value of 0 versus a total put value of 528,031,500,000 Combined total value = 528,031,500,000
Strike 2220 has a total call value of 0 versus a total put value of 511,618,500,000 Combined total value = 511,618,500,000
Strike 2240 has a total call value of 0 versus a total put value of 495,205,500,000 Combined total value = 495,205,500,000
Strike 2260 has a total call value of 0 versus a total put value of 478,792,500,000 Combined total value = 478,792,500,000
Strike 2280 has a total call value of 0 versus a total put value of 462,379,500,000 Combined total value = 462,379,500,000
Strike 2300 has a total call value of 0 versus a total put value of 445,966,500,000 Combined total value = 445,966,500,000
Strike 2320 has a total call value of 17,500,000 versus a total put value of 429,567,500,000 Combined total value = 429,585,000,000
Strike 2340 has a total call value of 35,000,000 versus a total put value of 413,172,000,000 Combined total value = 413,207,000,000
Strike 2360 has a total call value of 52,500,000 versus a total put value of 396,776,500,000 Combined total value = 396,829,000,000
Strike 2380 has a total call value of 70,000,000 versus a total put value of 380,381,000,000 Combined total value = 380,451,000,000
Strike 2400 has a total call value of 87,500,000 versus a total put value of 363,985,500,000 Combined total value = 364,073,000,000
Strike 2420 has a total call value of 105,000,000 versus a total put value of 347,590,000,000 Combined total value = 347,695,000,000
Strike 2440 has a total call value of 122,500,000 versus a total put value of 331,194,500,000 Combined total value = 331,317,000,000
Strike 2460 has a total call value of 140,000,000 versus a total put value of 314,806,000,000 Combined total value = 314,946,000,000
Strike 2480 has a total call value of 157,500,000 versus a total put value of 298,417,500,000 Combined total value = 298,575,000,000
Strike 2500 has a total call value of 175,000,000 versus a total put value of 282,029,000,000 Combined total value = 282,204,000,000
Strike 2520 has a total call value of 283,500,000 versus a total put value of 266,047,500,000 Combined total value = 266,331,000,000
Strike 2540 has a total call value of 392,000,000 versus a total put value of 250,066,000,000 Combined total value = 250,458,000,000
Strike 2560 has a total call value of 502,000,000 versus a total put value of 234,084,500,000 Combined total value = 234,586,500,000
Strike 2580 has a total call value of 612,000,000 versus a total put value of 218,103,000,000 Combined total value = 218,715,000,000
Strike 2600 has a total call value of 722,000,000 versus a total put value of 202,121,500,000 Combined total value = 202,843,500,000
Strike 2620 has a total call value of 869,500,000 versus a total put value of 186,722,500,000 Combined total value = 187,592,000,000
Strike 2640 has a total call value of 1,017,000,000 versus a total put value of 171,441,000,000 Combined total value = 172,458,000,000
Strike 2660 has a total call value of 1,164,500,000 versus a total put value of 156,256,000,000 Combined total value = 157,420,500,000
Strike 2680 has a total call value of 1,315,000,000 versus a total put value of 141,261,000,000 Combined total value = 142,576,000,000
Strike 2700 has a total call value of 1,476,000,000 versus a total put value of 126,344,000,000 Combined total value = 127,820,000,000
Strike 2720 has a total call value of 1,846,500,000 versus a total put value of 112,679,000,000 Combined total value = 114,525,500,000
Strike 2740 has a total call value of 2,281,500,000 versus a total put value of 99,280,000,000 Combined total value = 101,561,500,000
Strike 2760 has a total call value of 2,788,000,000 versus a total put value of 86,309,500,000 Combined total value = 89,097,500,000
Strike 2780 has a total call value of 3,344,000,000 versus a total put value of 73,930,000,000 Combined total value = 77,274,000,000
Strike 2800 has a total call value of 3,938,000,000 versus a total put value of 61,966,000,000 Combined total value = 65,904,000,000
Strike 2820 has a total call value of 5,176,500,000 versus a total put value of 51,824,500,000 Combined total value = 57,001,000,000
Strike 2840 has a total call value of 6,616,500,000 versus a total put value of 42,161,000,000 Combined total value = 48,777,500,000
Strike 2860 has a total call value of 8,711,000,000 versus a total put value of 33,758,500,000 Combined total value = 42,469,500,000
Strike 2880 has a total call value of 12,137,000,000 versus a total put value of 26,669,000,000 Combined total value = 38,806,000,000
Strike 2900 has a total call value of 16,571,500,000 versus a total put value of 20,570,500,000 Combined total value = 37,142,000,000
Strike 2920 has a total call value of 24,537,000,000 versus a total put value of 16,034,000,000 Combined total value = 40,571,000,000
Strike 2940 has a total call value of 33,897,500,000 versus a total put value of 11,952,500,000 Combined total value = 45,850,000,000
Strike 2960 has a total call value of 45,457,000,000 versus a total put value of 8,295,000,000 Combined total value = 53,752,000,000
Strike 2980 has a total call value of 60,087,500,000 versus a total put value of 5,300,500,000 Combined total value = 65,388,000,000
Strike 3000 has a total call value of 77,264,000,000 versus a total put value of 3,066,500,000 Combined total value = 80,330,500,000
Strike 3020 has a total call value of 105,738,500,000 versus a total put value of 2,131,500,000 Combined total value = 107,870,000,000
Strike 3040 has a total call value of 136,267,000,000 versus a total put value of 1,432,000,000 Combined total value = 137,699,000,000
Strike 3060 has a total call value of 168,788,500,000 versus a total put value of 934,000,000 Combined total value = 169,722,500,000
Strike 3080 has a total call value of 202,843,000,000 versus a total put value of 512,000,000 Combined total value = 203,355,000,000
Strike 3100 has a total call value of 237,786,000,000 versus a total put value of 90,000,000 Combined total value = 237,876,000,000
Strike 3120 has a total call value of 277,096,500,000 versus a total put value of 84,000,000 Combined total value = 277,180,500,000
Strike 3140 has a total call value of 316,988,000,000 versus a total put value of 78,000,000 Combined total value = 317,066,000,000
Strike 3160 has a total call value of 357,598,000,000 versus a total put value of 72,000,000 Combined total value = 357,670,000,000
Strike 3180 has a total call value of 398,540,000,000 versus a total put value of 66,000,000 Combined total value = 398,606,000,000
Strike 3200 has a total call value of 439,776,000,000 versus a total put value of 60,000,000 Combined total value = 439,836,000,000
Strike 3220 has a total call value of 483,661,000,000 versus a total put value of 54,000,000 Combined total value = 483,715,000,000
Strike 3240 has a total call value of 527,675,000,000 versus a total put value of 48,000,000 Combined total value = 527,723,000,000
Strike 3260 has a total call value of 572,004,000,000 versus a total put value of 42,000,000 Combined total value = 572,046,000,000
Strike 3280 has a total call value of 616,402,000,000 versus a total put value of 36,000,000 Combined total value = 616,438,000,000
Strike 3300 has a total call value of 661,195,500,000 versus a total put value of 30,000,000 Combined total value = 661,225,500,000
Strike 3320 has a total call value of 705,989,000,000 versus a total put value of 24,000,000 Combined total value = 706,013,000,000
Strike 3340 has a total call value of 751,093,000,000 versus a total put value of 18,000,000 Combined total value = 751,111,000,000
Strike 3360 has a total call value of 796,197,000,000 versus a total put value of 12,000,000 Combined total value = 796,209,000,000
Strike 3380 has a total call value of 841,717,500,000 versus a total put value of 6,000,000 Combined total value = 841,723,500,000
Strike 3400 has a total call value of 887,238,000,000 versus a total put value of 0 Combined total value = 887,238,000,000
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.