RELIANCE
RELIANCE INDUSTRIES LTD
Max pain for RELIANCE
26 Apr 2024 10:05 AM IST
Max Pain for RELIANCE is 2940
Strike 2480 has a total call value of 0 versus a total put value of 270,383,000,000 Combined total value = 270,383,000,000
Strike 2500 has a total call value of 0 versus a total put value of 256,286,500,000 Combined total value = 256,286,500,000
Strike 2520 has a total call value of 0 versus a total put value of 242,190,000,000 Combined total value = 242,190,000,000
Strike 2540 has a total call value of 0 versus a total put value of 228,157,000,000 Combined total value = 228,157,000,000
Strike 2560 has a total call value of 0 versus a total put value of 214,124,000,000 Combined total value = 214,124,000,000
Strike 2580 has a total call value of 0 versus a total put value of 200,114,000,000 Combined total value = 200,114,000,000
Strike 2600 has a total call value of 0 versus a total put value of 186,104,000,000 Combined total value = 186,104,000,000
Strike 2620 has a total call value of 0 versus a total put value of 172,481,000,000 Combined total value = 172,481,000,000
Strike 2640 has a total call value of 0 versus a total put value of 158,858,000,000 Combined total value = 158,858,000,000
Strike 2660 has a total call value of 0 versus a total put value of 145,264,500,000 Combined total value = 145,264,500,000
Strike 2680 has a total call value of 0 versus a total put value of 131,671,000,000 Combined total value = 131,671,000,000
Strike 2700 has a total call value of 0 versus a total put value of 118,229,000,000 Combined total value = 118,229,000,000
Strike 2720 has a total call value of 0 versus a total put value of 105,810,000,000 Combined total value = 105,810,000,000
Strike 2740 has a total call value of 0 versus a total put value of 93,528,000,000 Combined total value = 93,528,000,000
Strike 2760 has a total call value of 0 versus a total put value of 81,430,500,000 Combined total value = 81,430,500,000
Strike 2780 has a total call value of 35,500,000 versus a total put value of 69,835,000,000 Combined total value = 69,870,500,000
Strike 2800 has a total call value of 71,000,000 versus a total put value of 58,434,500,000 Combined total value = 58,505,500,000
Strike 2820 has a total call value of 297,000,000 versus a total put value of 49,520,500,000 Combined total value = 49,817,500,000
Strike 2840 has a total call value of 544,500,000 versus a total put value of 41,087,500,000 Combined total value = 41,632,000,000
Strike 2860 has a total call value of 831,000,000 versus a total put value of 33,702,500,000 Combined total value = 34,533,500,000
Strike 2880 has a total call value of 1,194,500,000 versus a total put value of 26,988,000,000 Combined total value = 28,182,500,000
Strike 2900 has a total call value of 1,644,000,000 versus a total put value of 20,581,000,000 Combined total value = 22,225,000,000
Strike 2920 has a total call value of 4,118,000,000 versus a total put value of 16,604,500,000 Combined total value = 20,722,500,000
Strike 2940 has a total call value of 7,274,500,000 versus a total put value of 13,146,500,000 Combined total value = 20,421,000,000
Strike 2960 has a total call value of 11,794,500,000 versus a total put value of 10,375,000,000 Combined total value = 22,169,500,000
Strike 2980 has a total call value of 17,779,500,000 versus a total put value of 7,955,000,000 Combined total value = 25,734,500,000
Strike 3000 has a total call value of 24,303,000,000 versus a total put value of 5,709,500,000 Combined total value = 30,012,500,000
Strike 3020 has a total call value of 35,744,500,000 versus a total put value of 4,521,000,000 Combined total value = 40,265,500,000
Strike 3040 has a total call value of 47,561,000,000 versus a total put value of 3,377,500,000 Combined total value = 50,938,500,000
Strike 3060 has a total call value of 59,946,500,000 versus a total put value of 2,313,000,000 Combined total value = 62,259,500,000
Strike 3080 has a total call value of 72,956,500,000 versus a total put value of 1,248,500,000 Combined total value = 74,205,000,000
Strike 3100 has a total call value of 86,340,500,000 versus a total put value of 355,500,000 Combined total value = 86,696,000,000
Strike 3120 has a total call value of 102,140,000,000 versus a total put value of 75,000,000 Combined total value = 102,215,000,000
Strike 3140 has a total call value of 118,275,000,000 versus a total put value of 50,000,000 Combined total value = 118,325,000,000
Strike 3160 has a total call value of 134,666,000,000 versus a total put value of 25,000,000 Combined total value = 134,691,000,000
Strike 3180 has a total call value of 151,319,500,000 versus a total put value of 0 Combined total value = 151,319,500,000
Strike 3200 has a total call value of 168,133,000,000 versus a total put value of 0 Combined total value = 168,133,000,000
Strike 3220 has a total call value of 187,151,500,000 versus a total put value of 0 Combined total value = 187,151,500,000
Strike 3240 has a total call value of 206,264,500,000 versus a total put value of 0 Combined total value = 206,264,500,000
Strike 3260 has a total call value of 225,610,000,000 versus a total put value of 0 Combined total value = 225,610,000,000
Strike 3280 has a total call value of 244,955,500,000 versus a total put value of 0 Combined total value = 244,955,500,000
Strike 3300 has a total call value of 264,778,500,000 versus a total put value of 0 Combined total value = 264,778,500,000
Strike 3320 has a total call value of 284,601,500,000 versus a total put value of 0 Combined total value = 284,601,500,000
Strike 3340 has a total call value of 304,688,500,000 versus a total put value of 0 Combined total value = 304,688,500,000
Strike 3360 has a total call value of 324,775,500,000 versus a total put value of 0 Combined total value = 324,775,500,000
Strike 3380 has a total call value of 344,974,500,000 versus a total put value of 0 Combined total value = 344,974,500,000
Strike 3400 has a total call value of 365,173,500,000 versus a total put value of 0 Combined total value = 365,173,500,000
Strike 3420 has a total call value of 386,059,500,000 versus a total put value of 0 Combined total value = 386,059,500,000
Strike 3440 has a total call value of 406,945,500,000 versus a total put value of 0 Combined total value = 406,945,500,000
Max Pain - Choose a symbol
Index
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B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.