RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
14 Jan 2025 04:12 PM IST
Max Pain for RELIANCE is 1250
Strike 1000 has a total call value of 0 versus a total put value of 1,160,338,000,000 Combined total value = 1,160,338,000,000
Strike 1010 has a total call value of 0 versus a total put value of 1,115,448,000,000 Combined total value = 1,115,448,000,000
Strike 1020 has a total call value of 0 versus a total put value of 1,070,558,000,000 Combined total value = 1,070,558,000,000
Strike 1030 has a total call value of 0 versus a total put value of 1,025,676,500,000 Combined total value = 1,025,676,500,000
Strike 1040 has a total call value of 0 versus a total put value of 980,795,000,000 Combined total value = 980,795,000,000
Strike 1050 has a total call value of 0 versus a total put value of 936,273,500,000 Combined total value = 936,273,500,000
Strike 1060 has a total call value of 0 versus a total put value of 891,752,000,000 Combined total value = 891,752,000,000
Strike 1070 has a total call value of 0 versus a total put value of 847,453,000,000 Combined total value = 847,453,000,000
Strike 1080 has a total call value of 0 versus a total put value of 803,154,000,000 Combined total value = 803,154,000,000
Strike 1090 has a total call value of 0 versus a total put value of 759,555,500,000 Combined total value = 759,555,500,000
Strike 1100 has a total call value of 0 versus a total put value of 716,338,000,000 Combined total value = 716,338,000,000
Strike 1110 has a total call value of 123,000,000 versus a total put value of 675,829,000,000 Combined total value = 675,952,000,000
Strike 1120 has a total call value of 246,000,000 versus a total put value of 635,727,500,000 Combined total value = 635,973,500,000
Strike 1130 has a total call value of 369,000,000 versus a total put value of 596,337,500,000 Combined total value = 596,706,500,000
Strike 1140 has a total call value of 492,000,000 versus a total put value of 557,416,500,000 Combined total value = 557,908,500,000
Strike 1150 has a total call value of 623,000,000 versus a total put value of 519,138,500,000 Combined total value = 519,761,500,000
Strike 1160 has a total call value of 969,500,000 versus a total put value of 482,302,000,000 Combined total value = 483,271,500,000
Strike 1170 has a total call value of 1,408,500,000 versus a total put value of 446,666,000,000 Combined total value = 448,074,500,000
Strike 1180 has a total call value of 1,896,000,000 versus a total put value of 411,686,500,000 Combined total value = 413,582,500,000
Strike 1190 has a total call value of 2,505,500,000 versus a total put value of 377,790,000,000 Combined total value = 380,295,500,000
Strike 1200 has a total call value of 3,185,000,000 versus a total put value of 344,433,500,000 Combined total value = 347,618,500,000
Strike 1210 has a total call value of 5,955,500,000 versus a total put value of 315,908,000,000 Combined total value = 321,863,500,000
Strike 1220 has a total call value of 12,050,500,000 versus a total put value of 288,525,000,000 Combined total value = 300,575,500,000
Strike 1230 has a total call value of 20,126,000,000 versus a total put value of 263,427,000,000 Combined total value = 283,553,000,000
Strike 1240 has a total call value of 30,331,000,000 versus a total put value of 240,289,000,000 Combined total value = 270,620,000,000
Strike 1250 has a total call value of 46,216,500,000 versus a total put value of 219,227,500,000 Combined total value = 265,444,000,000
Strike 1260 has a total call value of 68,455,500,000 versus a total put value of 200,852,500,000 Combined total value = 269,308,000,000
Strike 1270 has a total call value of 96,287,000,000 versus a total put value of 184,238,500,000 Combined total value = 280,525,500,000
Strike 1280 has a total call value of 127,358,000,000 versus a total put value of 168,681,000,000 Combined total value = 296,039,000,000
Strike 1290 has a total call value of 161,682,500,000 versus a total put value of 153,935,500,000 Combined total value = 315,618,000,000
Strike 1300 has a total call value of 197,372,000,000 versus a total put value of 139,568,500,000 Combined total value = 336,940,500,000
Strike 1310 has a total call value of 245,084,500,000 versus a total put value of 128,796,000,000 Combined total value = 373,880,500,000
Strike 1320 has a total call value of 293,708,000,000 versus a total put value of 118,308,500,000 Combined total value = 412,016,500,000
Strike 1330 has a total call value of 344,464,000,000 versus a total put value of 108,342,000,000 Combined total value = 452,806,000,000
Strike 1340 has a total call value of 396,936,000,000 versus a total put value of 98,469,000,000 Combined total value = 495,405,000,000
Strike 1350 has a total call value of 450,829,500,000 versus a total put value of 88,799,000,000 Combined total value = 539,628,500,000
Strike 1360 has a total call value of 507,888,000,000 versus a total put value of 80,302,000,000 Combined total value = 588,190,000,000
Strike 1370 has a total call value of 565,820,000,000 versus a total put value of 71,880,500,000 Combined total value = 637,700,500,000
Strike 1380 has a total call value of 624,318,500,000 versus a total put value of 63,497,000,000 Combined total value = 687,815,500,000
Strike 1390 has a total call value of 683,280,500,000 versus a total put value of 55,158,500,000 Combined total value = 738,439,000,000
Strike 1400 has a total call value of 742,403,000,000 versus a total put value of 46,835,500,000 Combined total value = 789,238,500,000
Strike 1410 has a total call value of 806,932,500,000 versus a total put value of 41,986,500,000 Combined total value = 848,919,000,000
Strike 1420 has a total call value of 871,718,500,000 versus a total put value of 37,137,500,000 Combined total value = 908,856,000,000
Strike 1430 has a total call value of 936,873,500,000 versus a total put value of 32,288,500,000 Combined total value = 969,162,000,000
Strike 1440 has a total call value of 1,002,113,000,000 versus a total put value of 27,472,000,000 Combined total value = 1,029,585,000,000
Strike 1450 has a total call value of 1,067,668,000,000 versus a total put value of 22,907,000,000 Combined total value = 1,090,575,000,000
Strike 1460 has a total call value of 1,133,223,000,000 versus a total put value of 18,342,000,000 Combined total value = 1,151,565,000,000
Strike 1470 has a total call value of 1,199,071,000,000 versus a total put value of 14,092,000,000 Combined total value = 1,213,163,000,000
Strike 1480 has a total call value of 1,264,919,000,000 versus a total put value of 9,842,000,000 Combined total value = 1,274,761,000,000
Strike 1490 has a total call value of 1,330,899,500,000 versus a total put value of 5,776,000,000 Combined total value = 1,336,675,500,000
Strike 1500 has a total call value of 1,396,880,000,000 versus a total put value of 1,710,000,000 Combined total value = 1,398,590,000,000
Strike 1510 has a total call value of 1,465,723,500,000 versus a total put value of 855,000,000 Combined total value = 1,466,578,500,000
Strike 1520 has a total call value of 1,534,567,000,000 versus a total put value of 0 Combined total value = 1,534,567,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 409.35 | 420 |
| ABB | 6146.6 | 6600 |
| ABBOTINDIA | 28235.55 | 29000 |
| ABCAPITAL | 174.37 | 182.5 |
| ABFRL | 270.1 | 280 |
| ACC | 1946.25 | 2080 |
| ADANIENSOL | 771.3 | 780 |
| ADANIENT | 2380.55 | 2500 |
| ADANIGREEN | 1006.85 | 1000 |
| ADANIPORTS | 1117.1 | 1180 |
| ALKEM | 5264.8 | 5450 |
| AMBUJACEM | 515.35 | 550 |
| ANGELONE | 2370.55 | 2500 |
| APLAPOLLO | 1466.9 | 1520 |
| APOLLOHOSP | 6706.85 | 7050 |
| APOLLOTYRE | 452.8 | 470 |
| ASHOKLEY | 210.05 | 220 |
| ASIANPAINT | 2239.95 | 2300 |
| ASTRAL | 1493.5 | 1600 |
| ATGL | 669.8 | 670 |
| ATUL | 6736.9 | 6900 |
| AUBANK | 575.1 | 565 |
| AUROPHARMA | 1174.5 | 1220 |
| AXISBANK | 1051.65 | 1080 |
| BAJAJ-AUTO | 8611.2 | 8900 |
| BAJAJFINSV | 1713.5 | 1660 |
| BAJFINANCE | 7335 | 7200 |
| BALKRISIND | 2705.35 | 2800 |
| BANDHANBNK | 147.94 | 160 |
| BANKBARODA | 223.72 | 240 |
| BANKINDIA | 94.62 | 98 |
| BATAINDIA | 1343.55 | 1380 |
| BEL | 269.9 | 280 |
| BERGEPAINT | 462.45 | 460 |
| BHARATFORG | 1190.4 | 1260 |
| BHARTIARTL | 1600.1 | 1600 |
| BHEL | 197.1 | 220 |
| BIOCON | 387.65 | 375 |
| BOSCHLTD | 31621.7 | 33000 |
| BPCL | 270.2 | 280 |
| BRITANNIA | 4862.4 | 4850 |
| BSE | 5448.85 | 5300 |
| BSOFT | 532.9 | 560 |
| CAMS | 4219.6 | 4600 |
| CANBK | 93.22 | 98 |
| CANFINHOME | 670.8 | 700 |
| CDSL | 1572.5 | 1700 |
| CESC | 153.69 | 160 |
| CGPOWER | 640.15 | 670 |
| CHAMBLFERT | 475.05 | 490 |
| CHOLAFIN | 1270.7 | 1260 |
| CIPLA | 1447.75 | 1500 |
| COALINDIA | 369.25 | 385 |
| COFORGE | 8592.4 | 9000 |
| COLPAL | 2713.3 | 2780 |
| CONCOR | 761.75 | 780 |
| COROMANDEL | 1835.3 | 1880 |
| CROMPTON | 357.2 | 370 |
| CUB | 167.4 | 170 |
| CUMMINSIND | 2940.95 | 3150 |
| CYIENT | 1713.45 | 1720 |
| DABUR | 512.5 | 515 |
| DALBHARAT | 1729 | 1740 |
| DEEPAKNTR | 2340.85 | 2450 |
| DELHIVERY | 324 | 335 |
| DIVISLAB | 5990.3 | 5900 |
| DIXON | 16274.9 | 17000 |
| DLF | 723.25 | 770 |
| DMART | 3476.5 | 3700 |
| DRREDDY | 1337.55 | 1350 |
| EICHERMOT | 5029.55 | 5000 |
| ESCORTS | 3439 | 3300 |
| EXIDEIND | 382.25 | 410 |
| FEDERALBNK | 192.56 | 197.5 |
| GAIL | 175.96 | 190 |
| GLENMARK | 1515.95 | 1560 |
| GMRAIRPORT | 72.2 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 535.15 | 550 |
| GODREJCP | 1140.45 | 1140 |
| GODREJPROP | 2307.95 | 2500 |
| GRANULES | 583.75 | 590 |
| GRASIM | 2310.6 | 2480 |
| GUJGASLTD | 487.05 | 495 |
| HAL | 3828.35 | 4100 |
| HAVELLS | 1525 | 1600 |
| HCLTECH | 1813.55 | 1840 |
| HDFCAMC | 3865.05 | 3900 |
| HDFCBANK | 1646.6 | 1700 |
| HDFCLIFE | 600.45 | 620 |
| HEROMOTOCO | 4102.65 | 4200 |
| HFCL | 98.07 | 105 |
| HINDALCO | 590.9 | 600 |
| HINDCOPPER | 226.08 | 250 |
| HINDPETRO | 373.25 | 390 |
| HINDUNILVR | 2367.95 | 2400 |
| HUDCO | 214.29 | 220 |
| ICICIBANK | 1240.3 | 1270 |
| ICICIGI | 1831.2 | 1860 |
| ICICIPRULI | 642.15 | 660 |
| IDEA | 8.25 | 8 |
| IDFCFIRSTB | 61.94 | 63 |
| IEX | 166.83 | 177.5 |
| IGL | 411.25 | 410 |
| INDHOTEL | 781.4 | 800 |
| INDIAMART | 2254.7 | 2300 |
| INDIANB | 505.8 | 520 |
| INDIGO | 3995 | 4300 |
| INDUSINDBK | 962.1 | 980 |
| INDUSTOWER | 340.3 | 340 |
| INFY | 1940.05 | 1940 |
| IOC | 126.63 | 135 |
| IPCALAB | 1588.15 | 1640 |
| IRB | 51.27 | 55 |
| IRCTC | 757.75 | 790 |
| IRFC | 135.55 | 135 |
| ITC | 436.6 | 445 |
| JINDALSTEL | 909.9 | 940 |
| JIOFIN | 272.85 | 285 |
| JKCEMENT | 4388.55 | 4500 |
| JSL | 625.45 | 630 |
| JSWENERGY | 547.85 | 570 |
| JSWSTEEL | 906.05 | 920 |
| JUBLFOOD | 708.9 | 730 |
| KALYANKJIL | 596.4 | 640 |
| KEI | 4020.3 | 4200 |
| KOTAKBANK | 1750.6 | 1800 |
| KPITTECH | 1323.95 | 1400 |
| LALPATHLAB | 2803.05 | 2950 |
| LAURUSLABS | 568 | 590 |
| LICHSGFIN | 552.4 | 590 |
| LICI | 825.4 | 860 |
| LODHA | 1144.15 | 1260 |
| LT | 3462.6 | 3600 |
| LTF | 133.73 | 137.5 |
| LTIM | 5751.9 | 5800 |
| LTTS | 4706.55 | 4800 |
| LUPIN | 2154.6 | 2240 |
| M&M | 3049.5 | 3100 |
| M&MFIN | 266.8 | 270 |
| MANAPPURAM | 178.71 | 190 |
| MARICO | 661.1 | 660 |
| MARUTI | 11741.15 | 11600 |
| MAXHEALTH | 1084.9 | 1140 |
| MCX | 5694.05 | 6000 |
| METROPOLIS | 1872.05 | 2000 |
| MFSL | 1051.4 | 1100 |
| MGL | 1269.65 | 1280 |
| MOTHERSON | 145.58 | 155 |
| MPHASIS | 2780.25 | 2900 |
| MRF | 114213.4 | 118000 |
| MUTHOOTFIN | 2123.85 | 2140 |
| NATIONALUM | 199.51 | 210 |
| NAUKRI | 7457.75 | 8000 |
| NAVINFLUOR | 3631.85 | 3650 |
| NCC | 246.5 | 260 |
| NESTLEIND | 2219.05 | 2200 |
| NHPC | 76.39 | 78 |
| NMDC | 63.36 | 67 |
| NTPC | 310.4 | 320 |
| NYKAA | 164.93 | 167.5 |
| OBEROIRLTY | 1975.25 | 2120 |
| OFSS | 10747.1 | 11500 |
| OIL | 465.15 | 460 |
| ONGC | 260.37 | 257.5 |
| PAGEIND | 46471.5 | 47000 |
| PAYTM | 817.9 | 860 |
| PEL | 1026.05 | 1080 |
| PERSISTENT | 5880.1 | 6200 |
| PETRONET | 325.5 | 335 |
| PFC | 417.4 | 440 |
| PIDILITIND | 2808.95 | 2900 |
| PIIND | 3463.2 | 3600 |
| PNB | 98.41 | 102 |
| POLICYBZR | 1743.85 | 1850 |
| POLYCAB | 6474.7 | 6800 |
| POONAWALLA | 308.85 | 315 |
| POWERGRID | 290.25 | 305 |
| PRESTIGE | 1426.3 | 1550 |
| PVRINOX | 1086.25 | 1180 |
| RAMCOCEM | 884.1 | 930 |
| RBLBANK | 153.92 | 160 |
| RECLTD | 476.15 | 500 |
| RELIANCE | 1238.75 | 1250 |
| SAIL | 105.88 | 112.5 |
| SBICARD | 734.7 | 730 |
| SBILIFE | 1499.25 | 1440 |
| SBIN | 748.15 | 780 |
| SHREECEM | 25130.2 | 25750 |
| SHRIRAMFIN | 544.1 | 570 |
| SIEMENS | 5863.45 | 6200 |
| SJVN | 94.04 | 100 |
| SONACOMS | 569.9 | 580 |
| SRF | 2509.75 | 2560 |
| SUNPHARMA | 1770.85 | 1820 |
| SUNTV | 658 | 680 |
| SUPREMEIND | 4366.05 | 4500 |
| SYNGENE | 827.5 | 850 |
| TATACHEM | 965.5 | 1020 |
| TATACOMM | 1676.9 | 1740 |
| TATACONSUM | 963.15 | 950 |
| TATAELXSI | 6084.8 | 6200 |
| TATAMOTORS | 770.5 | 780 |
| TATAPOWER | 356.95 | 380 |
| TATASTEEL | 126.93 | 135 |
| TCS | 4233.05 | 4200 |
| TECHM | 1647.5 | 1680 |
| TIINDIA | 3321.3 | 3500 |
| TITAN | 3322.5 | 3400 |
| TORNTPHARM | 3252.4 | 3350 |
| TRENT | 6161.15 | 6700 |
| TVSMOTOR | 2235 | 2320 |
| UBL | 1965.3 | 1980 |
| ULTRACEMCO | 10483.75 | 11100 |
| UNIONBANK | 104.08 | 110 |
| UNITDSPR | 1407.25 | 1500 |
| UPL | 541.85 | 537.2 |
| VBL | 566.3 | 600 |
| VEDL | 430.6 | 450 |
| VOLTAS | 1637.65 | 1720 |
| WIPRO | 292.85 | 295 |
| YESBANK | 18.02 | 19 |
| ZOMATO | 233.6 | 250 |
| ZYDUSLIFE | 1000.15 | 1000 |
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.
