RELIANCE
RELIANCE INDUSTRIES LTD
Max pain for RELIANCE
04 Jul 2024 12:03 PM IST
Max Pain for RELIANCE is 3080
Strike 2400 has a total call value of 0 versus a total put value of 705,749,500,000 Combined total value = 705,749,500,000
Strike 2420 has a total call value of 0 versus a total put value of 680,381,500,000 Combined total value = 680,381,500,000
Strike 2440 has a total call value of 0 versus a total put value of 655,013,500,000 Combined total value = 655,013,500,000
Strike 2460 has a total call value of 0 versus a total put value of 629,645,500,000 Combined total value = 629,645,500,000
Strike 2480 has a total call value of 0 versus a total put value of 604,277,500,000 Combined total value = 604,277,500,000
Strike 2500 has a total call value of 0 versus a total put value of 578,951,000,000 Combined total value = 578,951,000,000
Strike 2520 has a total call value of 0 versus a total put value of 553,842,000,000 Combined total value = 553,842,000,000
Strike 2540 has a total call value of 0 versus a total put value of 528,769,000,000 Combined total value = 528,769,000,000
Strike 2560 has a total call value of 0 versus a total put value of 503,696,000,000 Combined total value = 503,696,000,000
Strike 2580 has a total call value of 0 versus a total put value of 478,623,000,000 Combined total value = 478,623,000,000
Strike 2600 has a total call value of 0 versus a total put value of 453,550,000,000 Combined total value = 453,550,000,000
Strike 2620 has a total call value of 0 versus a total put value of 428,908,000,000 Combined total value = 428,908,000,000
Strike 2640 has a total call value of 0 versus a total put value of 404,266,000,000 Combined total value = 404,266,000,000
Strike 2660 has a total call value of 0 versus a total put value of 379,624,000,000 Combined total value = 379,624,000,000
Strike 2680 has a total call value of 0 versus a total put value of 355,033,000,000 Combined total value = 355,033,000,000
Strike 2700 has a total call value of 0 versus a total put value of 330,473,000,000 Combined total value = 330,473,000,000
Strike 2720 has a total call value of 78,000,000 versus a total put value of 306,972,500,000 Combined total value = 307,050,500,000
Strike 2740 has a total call value of 156,000,000 versus a total put value of 283,505,000,000 Combined total value = 283,661,000,000
Strike 2760 has a total call value of 234,000,000 versus a total put value of 260,330,500,000 Combined total value = 260,564,500,000
Strike 2780 has a total call value of 312,000,000 versus a total put value of 237,328,500,000 Combined total value = 237,640,500,000
Strike 2800 has a total call value of 419,500,000 versus a total put value of 214,573,000,000 Combined total value = 214,992,500,000
Strike 2820 has a total call value of 724,000,000 versus a total put value of 194,085,500,000 Combined total value = 194,809,500,000
Strike 2840 has a total call value of 1,028,500,000 versus a total put value of 173,786,500,000 Combined total value = 174,815,000,000
Strike 2860 has a total call value of 1,353,500,000 versus a total put value of 153,807,500,000 Combined total value = 155,161,000,000
Strike 2880 has a total call value of 1,741,000,000 versus a total put value of 134,321,000,000 Combined total value = 136,062,000,000
Strike 2900 has a total call value of 2,236,500,000 versus a total put value of 115,296,000,000 Combined total value = 117,532,500,000
Strike 2920 has a total call value of 3,423,000,000 versus a total put value of 100,567,000,000 Combined total value = 103,990,000,000
Strike 2940 has a total call value of 4,709,500,000 versus a total put value of 86,747,000,000 Combined total value = 91,456,500,000
Strike 2960 has a total call value of 6,205,500,000 versus a total put value of 73,742,000,000 Combined total value = 79,947,500,000
Strike 2980 has a total call value of 7,983,500,000 versus a total put value of 61,367,000,000 Combined total value = 69,350,500,000
Strike 3000 has a total call value of 9,846,500,000 versus a total put value of 49,635,500,000 Combined total value = 59,482,000,000
Strike 3020 has a total call value of 14,366,000,000 versus a total put value of 41,356,500,000 Combined total value = 55,722,500,000
Strike 3040 has a total call value of 19,086,500,000 versus a total put value of 33,543,500,000 Combined total value = 52,630,000,000
Strike 3060 has a total call value of 24,050,000,000 versus a total put value of 26,422,000,000 Combined total value = 50,472,000,000
Strike 3080 has a total call value of 29,399,000,000 versus a total put value of 20,085,000,000 Combined total value = 49,484,000,000
Strike 3100 has a total call value of 35,128,000,000 versus a total put value of 14,369,000,000 Combined total value = 49,497,000,000
Strike 3120 has a total call value of 44,999,500,000 versus a total put value of 11,167,000,000 Combined total value = 56,166,500,000
Strike 3140 has a total call value of 56,279,000,000 versus a total put value of 8,568,000,000 Combined total value = 64,847,000,000
Strike 3160 has a total call value of 69,444,000,000 versus a total put value of 6,604,000,000 Combined total value = 76,048,000,000
Strike 3180 has a total call value of 84,099,500,000 versus a total put value of 5,004,000,000 Combined total value = 89,103,500,000
Strike 3200 has a total call value of 99,494,500,000 versus a total put value of 3,470,000,000 Combined total value = 102,964,500,000
Strike 3220 has a total call value of 122,625,500,000 versus a total put value of 2,707,500,000 Combined total value = 125,333,000,000
Strike 3240 has a total call value of 146,461,500,000 versus a total put value of 2,065,500,000 Combined total value = 148,527,000,000
Strike 3260 has a total call value of 171,380,000,000 versus a total put value of 1,503,500,000 Combined total value = 172,883,500,000
Strike 3280 has a total call value of 197,076,500,000 versus a total put value of 1,070,000,000 Combined total value = 198,146,500,000
Strike 3300 has a total call value of 223,352,000,000 versus a total put value of 694,500,000 Combined total value = 224,046,500,000
Strike 3320 has a total call value of 252,867,000,000 versus a total put value of 524,500,000 Combined total value = 253,391,500,000
Strike 3340 has a total call value of 282,739,500,000 versus a total put value of 385,500,000 Combined total value = 283,125,000,000
Strike 3360 has a total call value of 312,929,500,000 versus a total put value of 255,000,000 Combined total value = 313,184,500,000
Strike 3380 has a total call value of 343,481,000,000 versus a total put value of 124,500,000 Combined total value = 343,605,500,000
Strike 3400 has a total call value of 374,527,000,000 versus a total put value of 0 Combined total value = 374,527,000,000
Strike 3420 has a total call value of 408,419,500,000 versus a total put value of 0 Combined total value = 408,419,500,000
Strike 3440 has a total call value of 442,566,000,000 versus a total put value of 0 Combined total value = 442,566,000,000
Strike 3460 has a total call value of 477,176,500,000 versus a total put value of 0 Combined total value = 477,176,500,000
Strike 3480 has a total call value of 511,787,000,000 versus a total put value of 0 Combined total value = 511,787,000,000
Strike 3500 has a total call value of 547,422,000,000 versus a total put value of 0 Combined total value = 547,422,000,000
Strike 3520 has a total call value of 583,057,000,000 versus a total put value of 0 Combined total value = 583,057,000,000
Strike 3540 has a total call value of 619,488,500,000 versus a total put value of 0 Combined total value = 619,488,500,000
Strike 3560 has a total call value of 655,920,000,000 versus a total put value of 0 Combined total value = 655,920,000,000
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.