RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
24 Jan 2025 04:02 PM IST
Max Pain for RELIANCE is 1250
Strike 1000 has a total call value of 0 versus a total put value of 1,057,378,500,000 Combined total value = 1,057,378,500,000
Strike 1010 has a total call value of 0 versus a total put value of 1,016,552,500,000 Combined total value = 1,016,552,500,000
Strike 1020 has a total call value of 0 versus a total put value of 975,726,500,000 Combined total value = 975,726,500,000
Strike 1030 has a total call value of 0 versus a total put value of 934,937,000,000 Combined total value = 934,937,000,000
Strike 1040 has a total call value of 0 versus a total put value of 894,147,500,000 Combined total value = 894,147,500,000
Strike 1050 has a total call value of 0 versus a total put value of 853,651,000,000 Combined total value = 853,651,000,000
Strike 1060 has a total call value of 0 versus a total put value of 813,154,500,000 Combined total value = 813,154,500,000
Strike 1070 has a total call value of 0 versus a total put value of 772,809,000,000 Combined total value = 772,809,000,000
Strike 1080 has a total call value of 0 versus a total put value of 732,463,500,000 Combined total value = 732,463,500,000
Strike 1090 has a total call value of 0 versus a total put value of 692,651,000,000 Combined total value = 692,651,000,000
Strike 1100 has a total call value of 0 versus a total put value of 653,042,500,000 Combined total value = 653,042,500,000
Strike 1110 has a total call value of 66,000,000 versus a total put value of 615,170,500,000 Combined total value = 615,236,500,000
Strike 1120 has a total call value of 132,000,000 versus a total put value of 577,567,500,000 Combined total value = 577,699,500,000
Strike 1130 has a total call value of 198,000,000 versus a total put value of 540,416,000,000 Combined total value = 540,614,000,000
Strike 1140 has a total call value of 264,000,000 versus a total put value of 503,626,500,000 Combined total value = 503,890,500,000
Strike 1150 has a total call value of 330,000,000 versus a total put value of 467,405,500,000 Combined total value = 467,735,500,000
Strike 1160 has a total call value of 513,500,000 versus a total put value of 432,684,000,000 Combined total value = 433,197,500,000
Strike 1170 has a total call value of 778,000,000 versus a total put value of 398,948,000,000 Combined total value = 399,726,000,000
Strike 1180 has a total call value of 1,103,500,000 versus a total put value of 365,761,500,000 Combined total value = 366,865,000,000
Strike 1190 has a total call value of 1,539,500,000 versus a total put value of 333,410,000,000 Combined total value = 334,949,500,000
Strike 1200 has a total call value of 2,050,000,000 versus a total put value of 301,667,500,000 Combined total value = 303,717,500,000
Strike 1210 has a total call value of 3,576,500,000 versus a total put value of 273,829,000,000 Combined total value = 277,405,500,000
Strike 1220 has a total call value of 8,253,500,000 versus a total put value of 247,266,500,000 Combined total value = 255,520,000,000
Strike 1230 has a total call value of 14,606,000,000 versus a total put value of 222,858,000,000 Combined total value = 237,464,000,000
Strike 1240 has a total call value of 21,928,000,000 versus a total put value of 200,111,500,000 Combined total value = 222,039,500,000
Strike 1250 has a total call value of 33,777,500,000 versus a total put value of 179,935,000,000 Combined total value = 213,712,500,000
Strike 1260 has a total call value of 51,345,000,000 versus a total put value of 162,734,500,000 Combined total value = 214,079,500,000
Strike 1270 has a total call value of 74,333,000,000 versus a total put value of 147,993,500,000 Combined total value = 222,326,500,000
Strike 1280 has a total call value of 101,391,500,000 versus a total put value of 134,545,000,000 Combined total value = 235,936,500,000
Strike 1290 has a total call value of 133,294,000,000 versus a total put value of 122,102,500,000 Combined total value = 255,396,500,000
Strike 1300 has a total call value of 168,599,000,000 versus a total put value of 110,336,000,000 Combined total value = 278,935,000,000
Strike 1310 has a total call value of 214,551,000,000 versus a total put value of 100,663,000,000 Combined total value = 315,214,000,000
Strike 1320 has a total call value of 263,226,000,000 versus a total put value of 91,440,500,000 Combined total value = 354,666,500,000
Strike 1330 has a total call value of 315,285,500,000 versus a total put value of 82,977,500,000 Combined total value = 398,263,000,000
Strike 1340 has a total call value of 369,214,500,000 versus a total put value of 74,936,500,000 Combined total value = 444,151,000,000
Strike 1350 has a total call value of 424,563,500,000 versus a total put value of 67,251,500,000 Combined total value = 491,815,000,000
Strike 1360 has a total call value of 483,943,000,000 versus a total put value of 60,562,500,000 Combined total value = 544,505,500,000
Strike 1370 has a total call value of 544,392,000,000 versus a total put value of 54,147,500,000 Combined total value = 598,539,500,000
Strike 1380 has a total call value of 605,376,000,000 versus a total put value of 47,892,000,000 Combined total value = 653,268,000,000
Strike 1390 has a total call value of 666,774,500,000 versus a total put value of 41,735,000,000 Combined total value = 708,509,500,000
Strike 1400 has a total call value of 728,525,500,000 versus a total put value of 35,578,000,000 Combined total value = 764,103,500,000
Strike 1410 has a total call value of 794,207,000,000 versus a total put value of 31,859,000,000 Combined total value = 826,066,000,000
Strike 1420 has a total call value of 860,251,000,000 versus a total put value of 28,140,000,000 Combined total value = 888,391,000,000
Strike 1430 has a total call value of 926,789,500,000 versus a total put value of 24,452,500,000 Combined total value = 951,242,000,000
Strike 1440 has a total call value of 993,609,500,000 versus a total put value of 20,765,000,000 Combined total value = 1,014,374,500,000
Strike 1450 has a total call value of 1,060,913,000,000 versus a total put value of 17,310,000,000 Combined total value = 1,078,223,000,000
Strike 1460 has a total call value of 1,128,216,500,000 versus a total put value of 13,855,000,000 Combined total value = 1,142,071,500,000
Strike 1470 has a total call value of 1,195,819,000,000 versus a total put value of 10,678,500,000 Combined total value = 1,206,497,500,000
Strike 1480 has a total call value of 1,263,421,500,000 versus a total put value of 7,502,000,000 Combined total value = 1,270,923,500,000
Strike 1490 has a total call value of 1,331,189,500,000 versus a total put value of 4,446,000,000 Combined total value = 1,335,635,500,000
Strike 1500 has a total call value of 1,398,957,500,000 versus a total put value of 1,390,000,000 Combined total value = 1,400,347,500,000
Strike 1510 has a total call value of 1,469,019,500,000 versus a total put value of 695,000,000 Combined total value = 1,469,714,500,000
Strike 1520 has a total call value of 1,539,081,500,000 versus a total put value of 0 Combined total value = 1,539,081,500,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 439.05 | 435 |
ABB | 6178.9 | 6400 |
ABBOTINDIA | 27282.35 | 28000 |
ABCAPITAL | 170.43 | 180 |
ABFRL | 271.9 | 275 |
ACC | 2058.95 | 2080 |
ADANIENSOL | 790.45 | 800 |
ADANIENT | 2315.1 | 2400 |
ADANIGREEN | 1012.1 | 1020 |
ADANIPORTS | 1094.15 | 1160 |
ALKEM | 5022.7 | 5300 |
AMBUJACEM | 551.8 | 550 |
ANGELONE | 2334.35 | 2500 |
APLAPOLLO | 1561.4 | 1560 |
APOLLOHOSP | 6745.05 | 6900 |
APOLLOTYRE | 423.4 | 450 |
ASHOKLEY | 204.3 | 210 |
ASIANPAINT | 2262.4 | 2300 |
ASTRAL | 1468.35 | 1560 |
ATGL | 641.5 | 660 |
ATUL | 6547.1 | 6700 |
AUBANK | 594.65 | 585 |
AUROPHARMA | 1212.2 | 1220 |
AXISBANK | 948.5 | 990 |
BAJAJ-AUTO | 8401.5 | 8700 |
BAJAJFINSV | 1728.7 | 1680 |
BAJFINANCE | 7438.6 | 7300 |
BALKRISIND | 2652.2 | 2740 |
BANDHANBNK | 148.83 | 157.5 |
BANKBARODA | 225.21 | 235 |
BANKINDIA | 98.37 | 100 |
BATAINDIA | 1281.35 | 1320 |
BEL | 270.15 | 280 |
BERGEPAINT | 480.1 | 465 |
BHARATFORG | 1216.55 | 1240 |
BHARTIARTL | 1644.8 | 1640 |
BHEL | 200.19 | 215 |
BIOCON | 388.25 | 380 |
BOSCHLTD | 30356.5 | 32500 |
BPCL | 263.8 | 270 |
BRITANNIA | 5101.55 | 4850 |
BSE | 5835.6 | 5700 |
BSOFT | 545.7 | 550 |
CAMS | 4101.1 | 4300 |
CANBK | 96.75 | 100 |
CANFINHOME | 682.7 | 700 |
CDSL | 1500.25 | 1580 |
CESC | 139 | 145.5 |
CGPOWER | 620.55 | 650 |
CHAMBLFERT | 496.05 | 500 |
CHOLAFIN | 1223.05 | 1260 |
CIPLA | 1411.4 | 1460 |
COALINDIA | 383.05 | 390 |
COFORGE | 9234.6 | 9000 |
COLPAL | 2751.9 | 2750 |
CONCOR | 754.35 | 780 |
COROMANDEL | 1815.05 | 1860 |
CROMPTON | 339.7 | 355 |
CUB | 167.66 | 170 |
CUMMINSIND | 2804.05 | 3000 |
CYIENT | 1344.9 | 1460 |
DABUR | 521.65 | 520 |
DALBHARAT | 1802.95 | 1780 |
DEEPAKNTR | 2292.55 | 2400 |
DELHIVERY | 321.75 | 330 |
DIVISLAB | 5762.6 | 5850 |
DIXON | 15584.9 | 16000 |
DLF | 695.25 | 730 |
DMART | 3579.95 | 3700 |
DRREDDY | 1224.4 | 1250 |
EICHERMOT | 5206.3 | 5100 |
ESCORTS | 3466.3 | 3400 |
EXIDEIND | 369.05 | 400 |
FEDERALBNK | 188.11 | 195 |
GAIL | 175.84 | 185 |
GLENMARK | 1450.1 | 1500 |
GMRAIRPORT | 71.49 | 77 |
GMRINFRA | 0 | 32 |
GNFC | 556.45 | 560 |
GODREJCP | 1130.35 | 1130 |
GODREJPROP | 2155 | 2300 |
GRANULES | 582 | 590 |
GRASIM | 2490.75 | 2480 |
GUJGASLTD | 494.75 | 500 |
HAL | 3849.8 | 4050 |
HAVELLS | 1523.2 | 1560 |
HCLTECH | 1792.85 | 1820 |
HDFCAMC | 3877.8 | 4000 |
HDFCBANK | 1649.8 | 1680 |
HDFCLIFE | 621.1 | 630 |
HEROMOTOCO | 4051.9 | 4150 |
HFCL | 99.15 | 102.5 |
HINDALCO | 606.9 | 600 |
HINDCOPPER | 242.05 | 250 |
HINDPETRO | 352.85 | 365 |
HINDUNILVR | 2368.1 | 2360 |
HUDCO | 219.84 | 220 |
ICICIBANK | 1209.2 | 1230 |
ICICIGI | 1815.65 | 1880 |
ICICIPRULI | 590.5 | 600 |
IDEA | 9.46 | 9 |
IDFCFIRSTB | 62.27 | 63 |
IEX | 169.33 | 172.5 |
IGL | 383.25 | 400 |
INDHOTEL | 781.2 | 800 |
INDIAMART | 2083.4 | 2140 |
INDIANB | 501.25 | 520 |
INDIGO | 4161.8 | 4200 |
INDUSINDBK | 950.8 | 980 |
INDUSTOWER | 367.95 | 355 |
INFY | 1875.45 | 1880 |
IOC | 128.26 | 132.5 |
IPCALAB | 1515.85 | 1580 |
IRB | 51.94 | 54 |
IRCTC | 787.5 | 800 |
IRFC | 140.68 | 137.5 |
ITC | 441.6 | 445 |
JINDALSTEL | 882.8 | 920 |
JIOFIN | 244.45 | 265 |
JKCEMENT | 4755.9 | 4700 |
JSL | 634.1 | 630 |
JSWENERGY | 544.15 | 570 |
JSWSTEEL | 932.45 | 930 |
JUBLFOOD | 671 | 700 |
KALYANKJIL | 458.75 | 540 |
KEI | 4253.5 | 4300 |
KOTAKBANK | 1886.2 | 1860 |
KPITTECH | 1322.9 | 1380 |
LALPATHLAB | 2828.85 | 2900 |
LAURUSLABS | 602.65 | 590 |
LICHSGFIN | 573.3 | 580 |
LICI | 821.25 | 850 |
LODHA | 1099.55 | 1120 |
LT | 3458.2 | 3600 |
LTF | 139.68 | 140 |
LTIM | 5998.15 | 5900 |
LTTS | 5431 | 5300 |
LUPIN | 2134.25 | 2180 |
M&M | 2801.4 | 2900 |
M&MFIN | 268.05 | 270 |
MANAPPURAM | 196.71 | 185 |
MARICO | 666.2 | 660 |
MARUTI | 11967.9 | 11700 |
MAXHEALTH | 1055.75 | 1080 |
MCX | 5739.5 | 5800 |
METROPOLIS | 1802.2 | 1920 |
MFSL | 1040.3 | 1060 |
MGL | 1278.45 | 1280 |
MOTHERSON | 142.99 | 150 |
MPHASIS | 3009.3 | 2950 |
MRF | 111484.55 | 115000 |
MUTHOOTFIN | 2173.4 | 2180 |
NATIONALUM | 203.2 | 210 |
NAUKRI | 7447.05 | 7700 |
NAVINFLUOR | 3709.45 | 3700 |
NCC | 235.95 | 250 |
NESTLEIND | 2207.9 | 2200 |
NHPC | 76.88 | 78 |
NMDC | 66.77 | 68 |
NTPC | 323.65 | 325 |
NYKAA | 167.37 | 170 |
OBEROIRLTY | 1756.75 | 1840 |
OFSS | 9805.65 | 10250 |
OIL | 424.5 | 450 |
ONGC | 256.51 | 257.5 |
PAGEIND | 46395.25 | 47000 |
PAYTM | 807.45 | 860 |
PEL | 990.45 | 1080 |
PERSISTENT | 6360.65 | 6200 |
PETRONET | 322.7 | 335 |
PFC | 408.4 | 440 |
PIDILITIND | 2854.55 | 2880 |
PIIND | 3501.6 | 3550 |
PNB | 97.62 | 100 |
POLICYBZR | 1694.7 | 1750 |
POLYCAB | 5915.8 | 6200 |
POONAWALLA | 317 | 320 |
POWERGRID | 295.85 | 305 |
PRESTIGE | 1255.65 | 1350 |
PVRINOX | 1064.1 | 1140 |
RAMCOCEM | 888.75 | 910 |
RBLBANK | 155.73 | 160 |
RECLTD | 446.25 | 480 |
RELIANCE | 1246.3 | 1250 |
SAIL | 108.17 | 110 |
SBICARD | 758.3 | 750 |
SBILIFE | 1440.4 | 1460 |
SBIN | 744.15 | 770 |
SHREECEM | 25783.15 | 26000 |
SHRIRAMFIN | 527.45 | 540 |
SIEMENS | 5879.7 | 6100 |
SJVN | 95.46 | 97.5 |
SONACOMS | 525.05 | 550 |
SRF | 2583.95 | 2560 |
SUNPHARMA | 1822.2 | 1800 |
SUNTV | 640.45 | 660 |
SUPREMEIND | 3803.2 | 4000 |
SYNGENE | 796.1 | 820 |
TATACHEM | 956.9 | 1000 |
TATACOMM | 1629.45 | 1700 |
TATACONSUM | 992.35 | 960 |
TATAELXSI | 6372.7 | 6300 |
TATAMOTORS | 734.1 | 760 |
TATAPOWER | 363.4 | 380 |
TATASTEEL | 129.74 | 135 |
TCS | 4152.35 | 4150 |
TECHM | 1723.05 | 1700 |
TIINDIA | 3232.15 | 3400 |
TITAN | 3402.15 | 3400 |
TORNTPHARM | 3248.4 | 3300 |
TRENT | 5490.45 | 6000 |
TVSMOTOR | 2270.7 | 2300 |
UBL | 2064.85 | 2040 |
ULTRACEMCO | 11285.85 | 11200 |
UNIONBANK | 107.3 | 110 |
UNITDSPR | 1469.75 | 1500 |
UPL | 552 | 540 |
VBL | 541.7 | 550 |
VEDL | 442 | 460 |
VOLTAS | 1456.6 | 1540 |
WIPRO | 320.1 | 310 |
YESBANK | 18.24 | 19 |
ZOMATO | 215.6 | 230 |
ZYDUSLIFE | 957.6 | 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.