RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
23 Jan 2025 04:12 PM IST
Max Pain for RELIANCE is 1260
Strike 1000 has a total call value of 0 versus a total put value of 1,163,814,500,000 Combined total value = 1,163,814,500,000
Strike 1010 has a total call value of 0 versus a total put value of 1,119,286,000,000 Combined total value = 1,119,286,000,000
Strike 1020 has a total call value of 0 versus a total put value of 1,074,757,500,000 Combined total value = 1,074,757,500,000
Strike 1030 has a total call value of 0 versus a total put value of 1,030,267,000,000 Combined total value = 1,030,267,000,000
Strike 1040 has a total call value of 0 versus a total put value of 985,776,500,000 Combined total value = 985,776,500,000
Strike 1050 has a total call value of 0 versus a total put value of 941,579,500,000 Combined total value = 941,579,500,000
Strike 1060 has a total call value of 0 versus a total put value of 897,382,500,000 Combined total value = 897,382,500,000
Strike 1070 has a total call value of 0 versus a total put value of 853,360,500,000 Combined total value = 853,360,500,000
Strike 1080 has a total call value of 0 versus a total put value of 809,338,500,000 Combined total value = 809,338,500,000
Strike 1090 has a total call value of 0 versus a total put value of 765,888,500,000 Combined total value = 765,888,500,000
Strike 1100 has a total call value of 0 versus a total put value of 722,662,000,000 Combined total value = 722,662,000,000
Strike 1110 has a total call value of 68,500,000 versus a total put value of 681,200,000,000 Combined total value = 681,268,500,000
Strike 1120 has a total call value of 137,000,000 versus a total put value of 640,016,000,000 Combined total value = 640,153,000,000
Strike 1130 has a total call value of 205,500,000 versus a total put value of 599,290,000,000 Combined total value = 599,495,500,000
Strike 1140 has a total call value of 274,000,000 versus a total put value of 558,943,500,000 Combined total value = 559,217,500,000
Strike 1150 has a total call value of 350,000,000 versus a total put value of 519,173,500,000 Combined total value = 519,523,500,000
Strike 1160 has a total call value of 548,500,000 versus a total put value of 480,857,500,000 Combined total value = 481,406,000,000
Strike 1170 has a total call value of 747,000,000 versus a total put value of 443,532,500,000 Combined total value = 444,279,500,000
Strike 1180 has a total call value of 945,500,000 versus a total put value of 406,685,500,000 Combined total value = 407,631,000,000
Strike 1190 has a total call value of 1,251,000,000 versus a total put value of 370,790,000,000 Combined total value = 372,041,000,000
Strike 1200 has a total call value of 1,621,000,000 versus a total put value of 335,522,000,000 Combined total value = 337,143,000,000
Strike 1210 has a total call value of 3,066,500,000 versus a total put value of 304,393,000,000 Combined total value = 307,459,500,000
Strike 1220 has a total call value of 7,679,000,000 versus a total put value of 274,388,000,000 Combined total value = 282,067,000,000
Strike 1230 has a total call value of 13,997,500,000 versus a total put value of 246,624,500,000 Combined total value = 260,622,000,000
Strike 1240 has a total call value of 21,345,000,000 versus a total put value of 220,587,500,000 Combined total value = 241,932,500,000
Strike 1250 has a total call value of 33,159,500,000 versus a total put value of 197,349,000,000 Combined total value = 230,508,500,000
Strike 1260 has a total call value of 50,087,500,000 versus a total put value of 177,738,500,000 Combined total value = 227,826,000,000
Strike 1270 has a total call value of 72,551,000,000 versus a total put value of 161,464,000,000 Combined total value = 234,015,000,000
Strike 1280 has a total call value of 98,871,000,000 versus a total put value of 146,888,000,000 Combined total value = 245,759,000,000
Strike 1290 has a total call value of 129,438,500,000 versus a total put value of 133,465,000,000 Combined total value = 262,903,500,000
Strike 1300 has a total call value of 163,221,500,000 versus a total put value of 120,776,000,000 Combined total value = 283,997,500,000
Strike 1310 has a total call value of 208,416,000,000 versus a total put value of 110,309,500,000 Combined total value = 318,725,500,000
Strike 1320 has a total call value of 256,965,500,000 versus a total put value of 100,313,500,000 Combined total value = 357,279,000,000
Strike 1330 has a total call value of 309,517,000,000 versus a total put value of 91,290,000,000 Combined total value = 400,807,000,000
Strike 1340 has a total call value of 364,187,000,000 versus a total put value of 82,694,000,000 Combined total value = 446,881,000,000
Strike 1350 has a total call value of 420,613,000,000 versus a total put value of 74,459,500,000 Combined total value = 495,072,500,000
Strike 1360 has a total call value of 480,999,000,000 versus a total put value of 67,305,500,000 Combined total value = 548,304,500,000
Strike 1370 has a total call value of 542,628,500,000 versus a total put value of 60,427,000,000 Combined total value = 603,055,500,000
Strike 1380 has a total call value of 604,888,500,000 versus a total put value of 53,708,000,000 Combined total value = 658,596,500,000
Strike 1390 has a total call value of 667,632,500,000 versus a total put value of 46,989,000,000 Combined total value = 714,621,500,000
Strike 1400 has a total call value of 730,696,500,000 versus a total put value of 40,287,000,000 Combined total value = 770,983,500,000
Strike 1410 has a total call value of 798,094,000,000 versus a total put value of 36,116,000,000 Combined total value = 834,210,000,000
Strike 1420 has a total call value of 865,868,000,000 versus a total put value of 31,945,000,000 Combined total value = 897,813,000,000
Strike 1430 has a total call value of 934,179,500,000 versus a total put value of 27,774,000,000 Combined total value = 961,953,500,000
Strike 1440 has a total call value of 1,002,769,000,000 versus a total put value of 23,603,000,000 Combined total value = 1,026,372,000,000
Strike 1450 has a total call value of 1,071,871,500,000 versus a total put value of 19,677,000,000 Combined total value = 1,091,548,500,000
Strike 1460 has a total call value of 1,140,974,000,000 versus a total put value of 15,751,000,000 Combined total value = 1,156,725,000,000
Strike 1470 has a total call value of 1,210,402,000,000 versus a total put value of 12,121,000,000 Combined total value = 1,222,523,000,000
Strike 1480 has a total call value of 1,279,830,000,000 versus a total put value of 8,491,000,000 Combined total value = 1,288,321,000,000
Strike 1490 has a total call value of 1,349,457,500,000 versus a total put value of 5,044,500,000 Combined total value = 1,354,502,000,000
Strike 1500 has a total call value of 1,419,085,000,000 versus a total put value of 1,598,000,000 Combined total value = 1,420,683,000,000
Strike 1510 has a total call value of 1,491,347,000,000 versus a total put value of 799,000,000 Combined total value = 1,492,146,000,000
Strike 1520 has a total call value of 1,563,609,000,000 versus a total put value of 0 Combined total value = 1,563,609,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 448.45 | 435 |
| ABB | 6330.25 | 6400 |
| ABBOTINDIA | 27849.8 | 28000 |
| ABCAPITAL | 174.27 | 180 |
| ABFRL | 282.7 | 280 |
| ACC | 2045.2 | 2080 |
| ADANIENSOL | 808.8 | 800 |
| ADANIENT | 2385 | 2400 |
| ADANIGREEN | 1030.25 | 1020 |
| ADANIPORTS | 1104 | 1160 |
| ALKEM | 5183.5 | 5300 |
| AMBUJACEM | 548.8 | 550 |
| ANGELONE | 2431.45 | 2500 |
| APLAPOLLO | 1582.85 | 1560 |
| APOLLOHOSP | 6920.85 | 6900 |
| APOLLOTYRE | 438.9 | 460 |
| ASHOKLEY | 207.74 | 210 |
| ASIANPAINT | 2276.35 | 2300 |
| ASTRAL | 1495.5 | 1560 |
| ATGL | 658.25 | 670 |
| ATUL | 6748.8 | 6900 |
| AUBANK | 582.4 | 580 |
| AUROPHARMA | 1244.8 | 1240 |
| AXISBANK | 951.05 | 990 |
| BAJAJ-AUTO | 8399.95 | 8700 |
| BAJAJFINSV | 1746.15 | 1700 |
| BAJFINANCE | 7443.25 | 7300 |
| BALKRISIND | 2728.9 | 2780 |
| BANDHANBNK | 151.14 | 160 |
| BANKBARODA | 229.16 | 235 |
| BANKINDIA | 99.71 | 100 |
| BATAINDIA | 1300.9 | 1340 |
| BEL | 273.95 | 280 |
| BERGEPAINT | 480.35 | 465 |
| BHARATFORG | 1227.75 | 1240 |
| BHARTIARTL | 1636 | 1620 |
| BHEL | 206.49 | 215 |
| BIOCON | 397.3 | 385 |
| BOSCHLTD | 30990.5 | 33000 |
| BPCL | 271.25 | 275 |
| BRITANNIA | 5012.6 | 4850 |
| BSE | 5909.7 | 5600 |
| BSOFT | 554.9 | 550 |
| CAMS | 4159.25 | 4300 |
| CANBK | 98.15 | 100 |
| CANFINHOME | 690.95 | 700 |
| CDSL | 1516.15 | 1600 |
| CESC | 145.12 | 150 |
| CGPOWER | 627.9 | 650 |
| CHAMBLFERT | 509.3 | 500 |
| CHOLAFIN | 1246.05 | 1260 |
| CIPLA | 1451.15 | 1480 |
| COALINDIA | 385.8 | 385 |
| COFORGE | 9196.45 | 9000 |
| COLPAL | 2738.95 | 2750 |
| CONCOR | 772.25 | 780 |
| COROMANDEL | 1848.7 | 1860 |
| CROMPTON | 351.15 | 365 |
| CUB | 170.25 | 170 |
| CUMMINSIND | 2889.05 | 3000 |
| CYIENT | 1755.25 | 1760 |
| DABUR | 524.6 | 520 |
| DALBHARAT | 1828.35 | 1780 |
| DEEPAKNTR | 2369.3 | 2400 |
| DELHIVERY | 326.95 | 330 |
| DIVISLAB | 5850.95 | 5900 |
| DIXON | 15463.6 | 16000 |
| DLF | 715.05 | 750 |
| DMART | 3598.35 | 3700 |
| DRREDDY | 1289.4 | 1300 |
| EICHERMOT | 5116.2 | 5000 |
| ESCORTS | 3588.4 | 3450 |
| EXIDEIND | 383.5 | 400 |
| FEDERALBNK | 190.75 | 195 |
| GAIL | 179.66 | 185 |
| GLENMARK | 1510.95 | 1520 |
| GMRAIRPORT | 73.5 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 560.9 | 560 |
| GODREJCP | 1145.2 | 1140 |
| GODREJPROP | 2225.65 | 2400 |
| GRANULES | 599.6 | 590 |
| GRASIM | 2461.15 | 2460 |
| GUJGASLTD | 503.25 | 500 |
| HAL | 3922.55 | 4100 |
| HAVELLS | 1595.3 | 1580 |
| HCLTECH | 1807 | 1820 |
| HDFCAMC | 4001.7 | 4000 |
| HDFCBANK | 1664.9 | 1670 |
| HDFCLIFE | 621 | 630 |
| HEROMOTOCO | 4100.35 | 4150 |
| HFCL | 101.03 | 102.5 |
| HINDALCO | 608.25 | 600 |
| HINDCOPPER | 246.05 | 250 |
| HINDPETRO | 362.1 | 370 |
| HINDUNILVR | 2321.7 | 2360 |
| HUDCO | 221.48 | 220 |
| ICICIBANK | 1201.75 | 1240 |
| ICICIGI | 1834.1 | 1900 |
| ICICIPRULI | 594.7 | 600 |
| IDEA | 9.51 | 9 |
| IDFCFIRSTB | 63.11 | 63 |
| IEX | 167.45 | 172.5 |
| IGL | 391.6 | 400 |
| INDHOTEL | 775.1 | 790 |
| INDIAMART | 2086.55 | 2160 |
| INDIANB | 516.7 | 520 |
| INDIGO | 4134.8 | 4200 |
| INDUSINDBK | 970.95 | 980 |
| INDUSTOWER | 366.6 | 350 |
| INFY | 1865.45 | 1880 |
| IOC | 129.83 | 132.5 |
| IPCALAB | 1583.55 | 1580 |
| IRB | 52.94 | 55 |
| IRCTC | 795.2 | 800 |
| IRFC | 141.37 | 137.5 |
| ITC | 440.2 | 445 |
| JINDALSTEL | 893 | 920 |
| JIOFIN | 255.85 | 270 |
| JKCEMENT | 4789.05 | 4600 |
| JSL | 639.75 | 640 |
| JSWENERGY | 552.1 | 580 |
| JSWSTEEL | 929.9 | 930 |
| JUBLFOOD | 687.7 | 700 |
| KALYANKJIL | 478.15 | 580 |
| KEI | 4480.6 | 4300 |
| KOTAKBANK | 1894.85 | 1860 |
| KPITTECH | 1344.7 | 1380 |
| LALPATHLAB | 2877.65 | 2900 |
| LAURUSLABS | 585.15 | 580 |
| LICHSGFIN | 579.95 | 580 |
| LICI | 837.25 | 860 |
| LODHA | 1082.3 | 1140 |
| LT | 3503.25 | 3600 |
| LTF | 139.93 | 140 |
| LTIM | 6002.05 | 5900 |
| LTTS | 5453.15 | 5250 |
| LUPIN | 2151.2 | 2180 |
| M&M | 2886.45 | 2950 |
| M&MFIN | 275.45 | 275 |
| MANAPPURAM | 196.85 | 185 |
| MARICO | 667.9 | 660 |
| MARUTI | 12045.75 | 11700 |
| MAXHEALTH | 1082.85 | 1100 |
| MCX | 5860 | 5900 |
| METROPOLIS | 1870.7 | 1940 |
| MFSL | 1056.4 | 1060 |
| MGL | 1312.9 | 1280 |
| MOTHERSON | 144.97 | 150 |
| MPHASIS | 2918.95 | 2900 |
| MRF | 111739.5 | 115000 |
| MUTHOOTFIN | 2195.1 | 2180 |
| NATIONALUM | 205.8 | 210 |
| NAUKRI | 7535.5 | 7700 |
| NAVINFLUOR | 3772.45 | 3700 |
| NCC | 247.2 | 250 |
| NESTLEIND | 2198.95 | 2200 |
| NHPC | 78.46 | 79 |
| NMDC | 68.09 | 68 |
| NTPC | 323.65 | 325 |
| NYKAA | 170.31 | 167.5 |
| OBEROIRLTY | 1821.9 | 1860 |
| OFSS | 10056.7 | 10250 |
| OIL | 451.3 | 470 |
| ONGC | 263.05 | 260 |
| PAGEIND | 46768.75 | 46500 |
| PAYTM | 849.1 | 880 |
| PEL | 1006.4 | 1080 |
| PERSISTENT | 6287.7 | 6100 |
| PETRONET | 330.65 | 335 |
| PFC | 421.25 | 440 |
| PIDILITIND | 2909.65 | 2900 |
| PIIND | 3526.65 | 3550 |
| PNB | 99.43 | 100 |
| POLICYBZR | 1686.8 | 1750 |
| POLYCAB | 6250.9 | 6400 |
| POONAWALLA | 332.8 | 320 |
| POWERGRID | 294.35 | 305 |
| PRESTIGE | 1342.6 | 1400 |
| PVRINOX | 1092.8 | 1140 |
| RAMCOCEM | 908.55 | 910 |
| RBLBANK | 155.97 | 160 |
| RECLTD | 463.75 | 490 |
| RELIANCE | 1263.65 | 1260 |
| SAIL | 109.14 | 112.5 |
| SBICARD | 760 | 750 |
| SBILIFE | 1449.85 | 1460 |
| SBIN | 745.9 | 770 |
| SHREECEM | 25926.8 | 25500 |
| SHRIRAMFIN | 529.8 | 540 |
| SIEMENS | 6067.85 | 6200 |
| SJVN | 98.26 | 97.5 |
| SONACOMS | 542.6 | 560 |
| SRF | 2596.75 | 2560 |
| SUNPHARMA | 1833.6 | 1800 |
| SUNTV | 652.75 | 660 |
| SUPREMEIND | 3967.65 | 4000 |
| SYNGENE | 847 | 840 |
| TATACHEM | 975.45 | 1000 |
| TATACOMM | 1646.3 | 1700 |
| TATACONSUM | 983.9 | 960 |
| TATAELXSI | 6353.95 | 6300 |
| TATAMOTORS | 752.5 | 770 |
| TATAPOWER | 362.75 | 380 |
| TATASTEEL | 130.37 | 134 |
| TCS | 4145.45 | 4150 |
| TECHM | 1713.4 | 1700 |
| TIINDIA | 3363.7 | 3400 |
| TITAN | 3398.55 | 3400 |
| TORNTPHARM | 3263.75 | 3250 |
| TRENT | 5733.6 | 6000 |
| TVSMOTOR | 2300.1 | 2300 |
| UBL | 2073.75 | 2040 |
| ULTRACEMCO | 11420.9 | 11200 |
| UNIONBANK | 109.7 | 110 |
| UNITDSPR | 1500.65 | 1500 |
| UPL | 557.85 | 540 |
| VBL | 540.4 | 550 |
| VEDL | 446.5 | 460 |
| VOLTAS | 1497.65 | 1580 |
| WIPRO | 317.7 | 310 |
| YESBANK | 18.47 | 19 |
| ZOMATO | 221.95 | 230 |
| ZYDUSLIFE | 989.15 | 990 |
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.
