RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
20 Dec 2024 04:12 PM IST
Max Pain for RELIANCE is 1280
Strike 1020 has a total call value of 0 versus a total put value of 1,250,264,000,000 Combined total value = 1,250,264,000,000
Strike 1030 has a total call value of 0 versus a total put value of 1,203,537,500,000 Combined total value = 1,203,537,500,000
Strike 1040 has a total call value of 0 versus a total put value of 1,156,811,000,000 Combined total value = 1,156,811,000,000
Strike 1050 has a total call value of 500,000 versus a total put value of 1,110,389,000,000 Combined total value = 1,110,389,500,000
Strike 1060 has a total call value of 1,000,000 versus a total put value of 1,063,967,000,000 Combined total value = 1,063,968,000,000
Strike 1070 has a total call value of 1,500,000 versus a total put value of 1,017,632,000,000 Combined total value = 1,017,633,500,000
Strike 1080 has a total call value of 2,000,000 versus a total put value of 971,297,000,000 Combined total value = 971,299,000,000
Strike 1090 has a total call value of 2,500,000 versus a total put value of 925,054,500,000 Combined total value = 925,057,000,000
Strike 1100 has a total call value of 3,000,000 versus a total put value of 878,812,000,000 Combined total value = 878,815,000,000
Strike 1110 has a total call value of 39,500,000 versus a total put value of 833,421,000,000 Combined total value = 833,460,500,000
Strike 1120 has a total call value of 76,000,000 versus a total put value of 788,099,500,000 Combined total value = 788,175,500,000
Strike 1130 has a total call value of 112,500,000 versus a total put value of 742,921,500,000 Combined total value = 743,034,000,000
Strike 1140 has a total call value of 150,500,000 versus a total put value of 697,851,000,000 Combined total value = 698,001,500,000
Strike 1150 has a total call value of 301,500,000 versus a total put value of 653,134,000,000 Combined total value = 653,435,500,000
Strike 1160 has a total call value of 546,000,000 versus a total put value of 609,689,000,000 Combined total value = 610,235,000,000
Strike 1170 has a total call value of 877,500,000 versus a total put value of 566,991,500,000 Combined total value = 567,869,000,000
Strike 1180 has a total call value of 1,284,500,000 versus a total put value of 525,557,500,000 Combined total value = 526,842,000,000
Strike 1190 has a total call value of 1,794,000,000 versus a total put value of 485,498,000,000 Combined total value = 487,292,000,000
Strike 1200 has a total call value of 2,437,000,000 versus a total put value of 446,374,000,000 Combined total value = 448,811,000,000
Strike 1210 has a total call value of 4,113,000,000 versus a total put value of 411,466,000,000 Combined total value = 415,579,000,000
Strike 1220 has a total call value of 6,445,000,000 versus a total put value of 377,933,000,000 Combined total value = 384,378,000,000
Strike 1230 has a total call value of 10,493,000,000 versus a total put value of 346,308,500,000 Combined total value = 356,801,500,000
Strike 1240 has a total call value of 16,215,500,000 versus a total put value of 315,933,000,000 Combined total value = 332,148,500,000
Strike 1250 has a total call value of 25,547,000,000 versus a total put value of 287,113,000,000 Combined total value = 312,660,000,000
Strike 1260 has a total call value of 40,508,500,000 versus a total put value of 260,772,500,000 Combined total value = 301,281,000,000
Strike 1270 has a total call value of 60,450,000,000 versus a total put value of 235,522,500,000 Combined total value = 295,972,500,000
Strike 1280 has a total call value of 85,021,000,000 versus a total put value of 210,892,500,000 Combined total value = 295,913,500,000
Strike 1290 has a total call value of 116,378,000,000 versus a total put value of 187,431,000,000 Combined total value = 303,809,000,000
Strike 1300 has a total call value of 152,104,500,000 versus a total put value of 164,916,000,000 Combined total value = 317,020,500,000
Strike 1310 has a total call value of 205,406,000,000 versus a total put value of 149,513,500,000 Combined total value = 354,919,500,000
Strike 1320 has a total call value of 261,920,500,000 versus a total put value of 134,978,000,000 Combined total value = 396,898,500,000
Strike 1330 has a total call value of 325,404,000,000 versus a total put value of 121,642,500,000 Combined total value = 447,046,500,000
Strike 1340 has a total call value of 392,083,500,000 versus a total put value of 108,913,000,000 Combined total value = 500,996,500,000
Strike 1350 has a total call value of 461,766,000,000 versus a total put value of 97,155,500,000 Combined total value = 558,921,500,000
Strike 1360 has a total call value of 537,284,500,000 versus a total put value of 87,548,500,000 Combined total value = 624,833,000,000
Strike 1370 has a total call value of 614,529,000,000 versus a total put value of 78,346,000,000 Combined total value = 692,875,000,000
Strike 1380 has a total call value of 692,479,000,000 versus a total put value of 69,295,500,000 Combined total value = 761,774,500,000
Strike 1390 has a total call value of 771,749,000,000 versus a total put value of 60,360,000,000 Combined total value = 832,109,000,000
Strike 1400 has a total call value of 851,478,000,000 versus a total put value of 51,502,500,000 Combined total value = 902,980,500,000
Strike 1410 has a total call value of 937,076,500,000 versus a total put value of 45,740,000,000 Combined total value = 982,816,500,000
Strike 1420 has a total call value of 1,023,283,500,000 versus a total put value of 39,996,000,000 Combined total value = 1,063,279,500,000
Strike 1430 has a total call value of 1,110,012,500,000 versus a total put value of 34,383,500,000 Combined total value = 1,144,396,000,000
Strike 1440 has a total call value of 1,196,945,000,000 versus a total put value of 28,871,000,000 Combined total value = 1,225,816,000,000
Strike 1450 has a total call value of 1,284,301,500,000 versus a total put value of 23,397,000,000 Combined total value = 1,307,698,500,000
Strike 1460 has a total call value of 1,372,910,000,000 versus a total put value of 19,016,000,000 Combined total value = 1,391,926,000,000
Strike 1470 has a total call value of 1,461,791,000,000 versus a total put value of 14,635,000,000 Combined total value = 1,476,426,000,000
Strike 1480 has a total call value of 1,550,672,000,000 versus a total put value of 10,254,000,000 Combined total value = 1,560,926,000,000
Strike 1490 has a total call value of 1,639,724,000,000 versus a total put value of 5,994,500,000 Combined total value = 1,645,718,500,000
Strike 1500 has a total call value of 1,728,776,000,000 versus a total put value of 1,735,000,000 Combined total value = 1,730,511,000,000
Strike 1510 has a total call value of 1,821,267,000,000 versus a total put value of 867,500,000 Combined total value = 1,822,134,500,000
Strike 1520 has a total call value of 1,913,758,000,000 versus a total put value of 0 Combined total value = 1,913,758,000,000
Strike 1530 has a total call value of 2,006,922,000,000 versus a total put value of 0 Combined total value = 2,006,922,000,000
Strike 1540 has a total call value of 2,100,086,000,000 versus a total put value of 0 Combined total value = 2,100,086,000,000
Strike 1550 has a total call value of 2,193,250,000,000 versus a total put value of 0 Combined total value = 2,193,250,000,000
Strike 1560 has a total call value of 2,286,414,000,000 versus a total put value of 0 Combined total value = 2,286,414,000,000
Strike 1570 has a total call value of 2,379,578,000,000 versus a total put value of 0 Combined total value = 2,379,578,000,000
Strike 1580 has a total call value of 2,472,742,000,000 versus a total put value of 0 Combined total value = 2,472,742,000,000
Strike 1590 has a total call value of 2,565,906,000,000 versus a total put value of 0 Combined total value = 2,565,906,000,000
Strike 1600 has a total call value of 2,659,070,000,000 versus a total put value of 0 Combined total value = 2,659,070,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 403.85 | 450 |
| ABB | 6921.25 | 7300 |
| ABBOTINDIA | 28655.35 | 28000 |
| ABCAPITAL | 186.21 | 200 |
| ABFRL | 282.2 | 300 |
| ACC | 2063.65 | 2260 |
| ADANIENSOL | 767.55 | 800 |
| ADANIENT | 2344.95 | 2500 |
| ADANIGREEN | 1034.35 | 1120 |
| ADANIPORTS | 1182.45 | 1240 |
| ALKEM | 5427.5 | 5500 |
| AMBUJACEM | 548.8 | 560 |
| ANGELONE | 2881.7 | 3100 |
| APLAPOLLO | 1559 | 1600 |
| APOLLOHOSP | 7251.7 | 7200 |
| APOLLOTYRE | 531.95 | 530 |
| ASHOKLEY | 217.28 | 225 |
| ASIANPAINT | 2282.35 | 2400 |
| ASTRAL | 1734.6 | 1820 |
| ATGL | 674.35 | 720 |
| ATUL | 7023.15 | 7300 |
| AUBANK | 537.6 | 570 |
| AUROPHARMA | 1241.7 | 1240 |
| AXISBANK | 1071.85 | 1120 |
| BAJAJ-AUTO | 8787.25 | 9000 |
| BAJAJFINSV | 1569.65 | 1640 |
| BAJFINANCE | 6848.25 | 7000 |
| BALKRISIND | 2790.05 | 2800 |
| BANDHANBNK | 159.05 | 170 |
| BANKBARODA | 240.59 | 250 |
| BANKINDIA | 103.03 | 110 |
| BATAINDIA | 1342.25 | 1400 |
| BEL | 290.85 | 310 |
| BERGEPAINT | 444.8 | 465 |
| BHARATFORG | 1278.9 | 1340 |
| BHARTIARTL | 1578.1 | 1600 |
| BHEL | 235.3 | 250 |
| BIOCON | 335.95 | 355 |
| BOSCHLTD | 34576.95 | 35000 |
| BPCL | 289.05 | 295 |
| BRITANNIA | 4698.1 | 4800 |
| BSE | 5542.85 | 5300 |
| BSOFT | 577 | 600 |
| CAMS | 4951 | 5100 |
| CANBK | 99.61 | 104 |
| CANFINHOME | 747.7 | 790 |
| CDSL | 1860.75 | 1860 |
| CESC | 182.74 | 190 |
| CGPOWER | 730.05 | 760 |
| CHAMBLFERT | 509.15 | 520 |
| CHOLAFIN | 1189.55 | 1260 |
| CIPLA | 1472.05 | 1480 |
| COALINDIA | 382 | 414.25 |
| COFORGE | 9370.45 | 9200 |
| COLPAL | 2750.85 | 2850 |
| CONCOR | 767.95 | 830 |
| COROMANDEL | 1839.3 | 1800 |
| CROMPTON | 388.25 | 405 |
| CUB | 175.42 | 180 |
| CUMMINSIND | 3312.9 | 3450 |
| CYIENT | 1924.4 | 2000 |
| DABUR | 502.55 | 510 |
| DALBHARAT | 1801.9 | 1880 |
| DEEPAKNTR | 2596.85 | 2700 |
| DELHIVERY | 349.6 | 365 |
| DIVISLAB | 5846.75 | 6000 |
| DIXON | 17944.9 | 18000 |
| DLF | 830.7 | 850 |
| DMART | 3408.3 | 3600 |
| DRREDDY | 1343.65 | 1300 |
| EICHERMOT | 4734.5 | 4800 |
| ESCORTS | 3162.05 | 3350 |
| EXIDEIND | 426.3 | 450 |
| FEDERALBNK | 194.46 | 205 |
| GAIL | 192.42 | 200 |
| GLENMARK | 1541.65 | 1520 |
| GMRAIRPORT | 78.82 | 85 |
| GMRINFRA | 0 | 36 |
| GNFC | 583.8 | 610 |
| GODREJCP | 1069.6 | 1120 |
| GODREJPROP | 2855.95 | 2900 |
| GRANULES | 592.4 | 580 |
| GRASIM | 2488.7 | 2620 |
| GUJGASLTD | 499.8 | 500 |
| HAL | 4190.2 | 4500 |
| HAVELLS | 1657.4 | 1720 |
| HCLTECH | 1911.35 | 1900 |
| HDFCAMC | 4262.8 | 4400 |
| HDFCBANK | 1771.5 | 1800 |
| HDFCLIFE | 623.8 | 640 |
| HEROMOTOCO | 4339.95 | 4600 |
| HFCL | 113.35 | 120 |
| HINDALCO | 622.65 | 650 |
| HINDCOPPER | 271.5 | 290 |
| HINDPETRO | 399.5 | 400 |
| HINDUNILVR | 2333.9 | 2400 |
| HUDCO | 242.11 | 245 |
| ICICIBANK | 1288.4 | 1300 |
| ICICIGI | 1902.15 | 1920 |
| ICICIPRULI | 653.9 | 670 |
| IDEA | 7.4 | 8 |
| IDFCFIRSTB | 61.68 | 65 |
| IEX | 177.45 | 182.5 |
| IGL | 388.3 | 370 |
| INDHOTEL | 854.1 | 850 |
| INDIAMART | 2249.95 | 2350 |
| INDIANB | 537.15 | 580 |
| INDIGO | 4395.6 | 4400 |
| INDUSINDBK | 929.45 | 980 |
| INDUSTOWER | 337.1 | 350 |
| INFY | 1922.15 | 1920 |
| IOC | 137.08 | 142.5 |
| IPCALAB | 1582.5 | 1560 |
| IRB | 55.09 | 57 |
| IRCTC | 784.25 | 830 |
| IRFC | 148.41 | 155 |
| ITC | 464.65 | 470 |
| JINDALSTEL | 908.05 | 940 |
| JIOFIN | 304.3 | 325 |
| JKCEMENT | 4517.8 | 4600 |
| JSL | 719.8 | 730 |
| JSWENERGY | 669.8 | 660 |
| JSWSTEEL | 917.35 | 950 |
| JUBLFOOD | 672.7 | 670 |
| KALYANKJIL | 719.2 | 740 |
| KEI | 4166.25 | 4400 |
| KOTAKBANK | 1743.55 | 1780 |
| KPITTECH | 1451.25 | 1500 |
| LALPATHLAB | 2946.25 | 3050 |
| LAURUSLABS | 559.2 | 570 |
| LICHSGFIN | 582.25 | 620 |
| LICI | 901.7 | 940 |
| LODHA | 1400.7 | 1440 |
| LT | 3629.85 | 3750 |
| LTF | 136.48 | 145 |
| LTIM | 5824.3 | 6150 |
| LTTS | 4828.5 | 5200 |
| LUPIN | 2150.7 | 2100 |
| M&M | 2906.35 | 3000 |
| M&MFIN | 266.05 | 275 |
| MANAPPURAM | 181.03 | 180 |
| MARICO | 627.95 | 630 |
| MARUTI | 10901.05 | 11100 |
| MAXHEALTH | 1165.2 | 1140 |
| MCX | 6397.4 | 6500 |
| METROPOLIS | 2058.05 | 2120 |
| MFSL | 1109.2 | 1140 |
| MGL | 1215.3 | 1260 |
| MOTHERSON | 156.06 | 165 |
| MPHASIS | 2950.6 | 3100 |
| MRF | 128057.9 | 130000 |
| MUTHOOTFIN | 2075.65 | 2060 |
| NATIONALUM | 215.36 | 232.5 |
| NAUKRI | 8494.95 | 8600 |
| NAVINFLUOR | 3305.85 | 3500 |
| NCC | 287.55 | 300 |
| NESTLEIND | 2163.5 | 2220 |
| NHPC | 81.47 | 85 |
| NMDC | 213.15 | 230 |
| NTPC | 333.25 | 350 |
| NYKAA | 167.33 | 170 |
| OBEROIRLTY | 2247.8 | 2200 |
| OFSS | 12247.55 | 12500 |
| OIL | 421.8 | 450 |
| ONGC | 237.1 | 250 |
| PAGEIND | 48856.35 | 48500 |
| PAYTM | 945.25 | 980 |
| PEL | 1093.7 | 1160 |
| PERSISTENT | 6368.7 | 6400 |
| PETRONET | 336.45 | 340 |
| PFC | 453.3 | 480 |
| PIDILITIND | 2976.8 | 3080 |
| PIIND | 3813.75 | 4000 |
| PNB | 100.77 | 105 |
| POLICYBZR | 2092.15 | 2000 |
| POLYCAB | 7178.25 | 7300 |
| POONAWALLA | 318.85 | 340 |
| POWERGRID | 315.8 | 325 |
| PRESTIGE | 1794.5 | 1800 |
| PVRINOX | 1382.1 | 1520 |
| RAMCOCEM | 986.1 | 1010 |
| RBLBANK | 152.79 | 160 |
| RECLTD | 513.25 | 530 |
| RELIANCE | 1205.3 | 1280 |
| SAIL | 116.1 | 125 |
| SBICARD | 687 | 710 |
| SBILIFE | 1400.6 | 1420 |
| SBIN | 812 | 840 |
| SHREECEM | 27063.5 | 27000 |
| SHRIRAMFIN | 2877.25 | 3000 |
| SIEMENS | 6868.9 | 7300 |
| SJVN | 111.54 | 117.5 |
| SONACOMS | 588.45 | 620 |
| SRF | 2277.6 | 2300 |
| SUNPHARMA | 1808.85 | 1800 |
| SUNTV | 696.85 | 730 |
| SUPREMEIND | 4839.8 | 4900 |
| SYNGENE | 844 | 860 |
| TATACHEM | 1028.85 | 1080 |
| TATACOMM | 1710.45 | 1800 |
| TATACONSUM | 889.45 | 930 |
| TATAELXSI | 6921.6 | 7200 |
| TATAMOTORS | 724.05 | 770 |
| TATAPOWER | 401.1 | 420 |
| TATASTEEL | 140.68 | 147.5 |
| TCS | 4170.3 | 4300 |
| TECHM | 1686.05 | 1740 |
| TIINDIA | 3619.1 | 3700 |
| TITAN | 3356.25 | 3400 |
| TORNTPHARM | 3437 | 3400 |
| TRENT | 6831.55 | 6900 |
| TVSMOTOR | 2391.65 | 2500 |
| UBL | 2025.35 | 2000 |
| ULTRACEMCO | 11422.8 | 11500 |
| UNIONBANK | 116.78 | 125 |
| UNITDSPR | 1544.8 | 1540 |
| UPL | 504.5 | 537.2 |
| VBL | 612.55 | 630 |
| VEDL | 477.25 | 490 |
| VOLTAS | 1686.5 | 1740 |
| WIPRO | 305.2 | 302.5 |
| YESBANK | 19.83 | 21 |
| ZOMATO | 282.1 | 285 |
| ZYDUSLIFE | 973.5 | 980 |
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.
