RELIANCE
RELIANCE INDUSTRIES LTD
Max pain for RELIANCE
02 Jul 2024 11:13 AM IST
Max Pain for RELIANCE is 3100
Strike 2360 has a total call value of 0 versus a total put value of 821,238,500,000 Combined total value = 821,238,500,000
Strike 2380 has a total call value of 0 versus a total put value of 793,585,000,000 Combined total value = 793,585,000,000
Strike 2400 has a total call value of 0 versus a total put value of 765,931,500,000 Combined total value = 765,931,500,000
Strike 2420 has a total call value of 0 versus a total put value of 738,323,000,000 Combined total value = 738,323,000,000
Strike 2440 has a total call value of 0 versus a total put value of 710,714,500,000 Combined total value = 710,714,500,000
Strike 2460 has a total call value of 0 versus a total put value of 683,106,000,000 Combined total value = 683,106,000,000
Strike 2480 has a total call value of 0 versus a total put value of 655,497,500,000 Combined total value = 655,497,500,000
Strike 2500 has a total call value of 0 versus a total put value of 627,931,000,000 Combined total value = 627,931,000,000
Strike 2520 has a total call value of 0 versus a total put value of 600,607,000,000 Combined total value = 600,607,000,000
Strike 2540 has a total call value of 0 versus a total put value of 573,308,500,000 Combined total value = 573,308,500,000
Strike 2560 has a total call value of 0 versus a total put value of 546,010,000,000 Combined total value = 546,010,000,000
Strike 2580 has a total call value of 0 versus a total put value of 518,738,000,000 Combined total value = 518,738,000,000
Strike 2600 has a total call value of 0 versus a total put value of 491,466,000,000 Combined total value = 491,466,000,000
Strike 2620 has a total call value of 0 versus a total put value of 464,663,500,000 Combined total value = 464,663,500,000
Strike 2640 has a total call value of 0 versus a total put value of 437,861,000,000 Combined total value = 437,861,000,000
Strike 2660 has a total call value of 0 versus a total put value of 411,058,500,000 Combined total value = 411,058,500,000
Strike 2680 has a total call value of 0 versus a total put value of 384,303,000,000 Combined total value = 384,303,000,000
Strike 2700 has a total call value of 0 versus a total put value of 357,589,500,000 Combined total value = 357,589,500,000
Strike 2720 has a total call value of 0 versus a total put value of 331,912,000,000 Combined total value = 331,912,000,000
Strike 2740 has a total call value of 0 versus a total put value of 306,273,000,000 Combined total value = 306,273,000,000
Strike 2760 has a total call value of 0 versus a total put value of 280,996,500,000 Combined total value = 280,996,500,000
Strike 2780 has a total call value of 0 versus a total put value of 255,916,000,000 Combined total value = 255,916,000,000
Strike 2800 has a total call value of 0 versus a total put value of 231,054,500,000 Combined total value = 231,054,500,000
Strike 2820 has a total call value of 210,000,000 versus a total put value of 209,004,500,000 Combined total value = 209,214,500,000
Strike 2840 has a total call value of 420,000,000 versus a total put value of 187,170,000,000 Combined total value = 187,590,000,000
Strike 2860 has a total call value of 630,000,000 versus a total put value of 165,869,500,000 Combined total value = 166,499,500,000
Strike 2880 has a total call value of 903,000,000 versus a total put value of 145,080,500,000 Combined total value = 145,983,500,000
Strike 2900 has a total call value of 1,287,000,000 versus a total put value of 124,759,000,000 Combined total value = 126,046,000,000
Strike 2920 has a total call value of 2,440,500,000 versus a total put value of 108,887,000,000 Combined total value = 111,327,500,000
Strike 2940 has a total call value of 3,696,000,000 versus a total put value of 93,777,000,000 Combined total value = 97,473,000,000
Strike 2960 has a total call value of 5,186,500,000 versus a total put value of 79,306,500,000 Combined total value = 84,493,000,000
Strike 2980 has a total call value of 6,990,500,000 versus a total put value of 65,521,500,000 Combined total value = 72,512,000,000
Strike 3000 has a total call value of 8,901,000,000 versus a total put value of 52,438,000,000 Combined total value = 61,339,000,000
Strike 3020 has a total call value of 13,772,000,000 versus a total put value of 43,560,000,000 Combined total value = 57,332,000,000
Strike 3040 has a total call value of 18,855,000,000 versus a total put value of 35,177,000,000 Combined total value = 54,032,000,000
Strike 3060 has a total call value of 24,277,000,000 versus a total put value of 27,538,500,000 Combined total value = 51,815,500,000
Strike 3080 has a total call value of 30,154,000,000 versus a total put value of 20,722,500,000 Combined total value = 50,876,500,000
Strike 3100 has a total call value of 36,323,000,000 versus a total put value of 14,409,000,000 Combined total value = 50,732,000,000
Strike 3120 has a total call value of 45,952,000,000 versus a total put value of 10,970,500,000 Combined total value = 56,922,500,000
Strike 3140 has a total call value of 56,606,000,000 versus a total put value of 8,299,500,000 Combined total value = 64,905,500,000
Strike 3160 has a total call value of 68,885,000,000 versus a total put value of 6,277,500,000 Combined total value = 75,162,500,000
Strike 3180 has a total call value of 82,580,500,000 versus a total put value of 4,615,000,000 Combined total value = 87,195,500,000
Strike 3200 has a total call value of 96,910,000,000 versus a total put value of 3,072,500,000 Combined total value = 99,982,500,000
Strike 3220 has a total call value of 119,223,000,000 versus a total put value of 2,404,500,000 Combined total value = 121,627,500,000
Strike 3240 has a total call value of 142,200,500,000 versus a total put value of 1,842,000,000 Combined total value = 144,042,500,000
Strike 3260 has a total call value of 166,012,500,000 versus a total put value of 1,353,000,000 Combined total value = 167,365,500,000
Strike 3280 has a total call value of 190,554,000,000 versus a total put value of 977,500,000 Combined total value = 191,531,500,000
Strike 3300 has a total call value of 215,646,500,000 versus a total put value of 647,000,000 Combined total value = 216,293,500,000
Strike 3320 has a total call value of 243,959,500,000 versus a total put value of 495,500,000 Combined total value = 244,455,000,000
Strike 3340 has a total call value of 272,541,000,000 versus a total put value of 369,000,000 Combined total value = 272,910,000,000
Strike 3360 has a total call value of 301,396,000,000 versus a total put value of 246,000,000 Combined total value = 301,642,000,000
Strike 3380 has a total call value of 330,619,500,000 versus a total put value of 123,000,000 Combined total value = 330,742,500,000
Strike 3400 has a total call value of 360,113,000,000 versus a total put value of 0 Combined total value = 360,113,000,000
Strike 3420 has a total call value of 392,347,000,000 versus a total put value of 0 Combined total value = 392,347,000,000
Strike 3440 has a total call value of 424,823,500,000 versus a total put value of 0 Combined total value = 424,823,500,000
Strike 3460 has a total call value of 457,770,500,000 versus a total put value of 0 Combined total value = 457,770,500,000
Strike 3480 has a total call value of 490,717,500,000 versus a total put value of 0 Combined total value = 490,717,500,000
Strike 3500 has a total call value of 524,703,500,000 versus a total put value of 0 Combined total value = 524,703,500,000
Strike 3520 has a total call value of 558,689,500,000 versus a total put value of 0 Combined total value = 558,689,500,000
Strike 3540 has a total call value of 593,500,000,000 versus a total put value of 0 Combined total value = 593,500,000,000
Strike 3560 has a total call value of 628,310,500,000 versus a total put value of 0 Combined total value = 628,310,500,000
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.