RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
16 Sep 2024 04:12 PM IST
Max Pain for RELIANCE is 2980
Strike 2440 has a total call value of 0 versus a total put value of 949,722,500,000 Combined total value = 949,722,500,000
Strike 2460 has a total call value of 0 versus a total put value of 910,833,500,000 Combined total value = 910,833,500,000
Strike 2480 has a total call value of 0 versus a total put value of 871,944,500,000 Combined total value = 871,944,500,000
Strike 2500 has a total call value of 0 versus a total put value of 833,085,500,000 Combined total value = 833,085,500,000
Strike 2520 has a total call value of 0 versus a total put value of 794,226,500,000 Combined total value = 794,226,500,000
Strike 2540 has a total call value of 0 versus a total put value of 755,530,000,000 Combined total value = 755,530,000,000
Strike 2560 has a total call value of 0 versus a total put value of 716,833,500,000 Combined total value = 716,833,500,000
Strike 2580 has a total call value of 0 versus a total put value of 678,245,000,000 Combined total value = 678,245,000,000
Strike 2600 has a total call value of 0 versus a total put value of 639,656,500,000 Combined total value = 639,656,500,000
Strike 2620 has a total call value of 9,500,000 versus a total put value of 601,797,000,000 Combined total value = 601,806,500,000
Strike 2640 has a total call value of 19,000,000 versus a total put value of 563,937,500,000 Combined total value = 563,956,500,000
Strike 2660 has a total call value of 28,500,000 versus a total put value of 526,151,000,000 Combined total value = 526,179,500,000
Strike 2680 has a total call value of 38,000,000 versus a total put value of 488,523,500,000 Combined total value = 488,561,500,000
Strike 2700 has a total call value of 47,500,000 versus a total put value of 451,046,000,000 Combined total value = 451,093,500,000
Strike 2720 has a total call value of 90,500,000 versus a total put value of 414,619,000,000 Combined total value = 414,709,500,000
Strike 2740 has a total call value of 133,500,000 versus a total put value of 378,483,500,000 Combined total value = 378,617,000,000
Strike 2760 has a total call value of 176,500,000 versus a total put value of 342,678,000,000 Combined total value = 342,854,500,000
Strike 2780 has a total call value of 245,500,000 versus a total put value of 307,353,000,000 Combined total value = 307,598,500,000
Strike 2800 has a total call value of 352,500,000 versus a total put value of 272,473,500,000 Combined total value = 272,826,000,000
Strike 2820 has a total call value of 979,500,000 versus a total put value of 240,399,000,000 Combined total value = 241,378,500,000
Strike 2840 has a total call value of 1,652,500,000 versus a total put value of 208,717,500,000 Combined total value = 210,370,000,000
Strike 2860 has a total call value of 2,378,500,000 versus a total put value of 178,668,000,000 Combined total value = 181,046,500,000
Strike 2880 has a total call value of 3,298,500,000 versus a total put value of 150,260,000,000 Combined total value = 153,558,500,000
Strike 2900 has a total call value of 4,488,500,000 versus a total put value of 123,033,500,000 Combined total value = 127,522,000,000
Strike 2920 has a total call value of 8,179,500,000 versus a total put value of 101,062,000,000 Combined total value = 109,241,500,000
Strike 2940 has a total call value of 13,307,500,000 versus a total put value of 81,297,500,000 Combined total value = 94,605,000,000
Strike 2960 has a total call value of 21,390,000,000 versus a total put value of 64,093,500,000 Combined total value = 85,483,500,000
Strike 2980 has a total call value of 33,349,500,000 versus a total put value of 48,703,500,000 Combined total value = 82,053,000,000
Strike 3000 has a total call value of 47,953,000,000 versus a total put value of 34,365,000,000 Combined total value = 82,318,000,000
Strike 3020 has a total call value of 80,763,500,000 versus a total put value of 26,876,500,000 Combined total value = 107,640,000,000
Strike 3040 has a total call value of 117,943,500,000 versus a total put value of 20,736,000,000 Combined total value = 138,679,500,000
Strike 3060 has a total call value of 162,506,500,000 versus a total put value of 16,007,000,000 Combined total value = 178,513,500,000
Strike 3080 has a total call value of 212,939,000,000 versus a total put value of 12,137,000,000 Combined total value = 225,076,000,000
Strike 3100 has a total call value of 269,111,000,000 versus a total put value of 9,054,000,000 Combined total value = 278,165,000,000
Strike 3120 has a total call value of 341,948,500,000 versus a total put value of 7,390,500,000 Combined total value = 349,339,000,000
Strike 3140 has a total call value of 416,455,000,000 versus a total put value of 5,816,000,000 Combined total value = 422,271,000,000
Strike 3160 has a total call value of 493,085,000,000 versus a total put value of 4,462,500,000 Combined total value = 497,547,500,000
Strike 3180 has a total call value of 571,937,500,000 versus a total put value of 3,191,000,000 Combined total value = 575,128,500,000
Strike 3200 has a total call value of 652,330,500,000 versus a total put value of 1,919,500,000 Combined total value = 654,250,000,000
Strike 3220 has a total call value of 742,189,500,000 versus a total put value of 1,518,000,000 Combined total value = 743,707,500,000
Strike 3240 has a total call value of 832,958,000,000 versus a total put value of 1,308,000,000 Combined total value = 834,266,000,000
Strike 3260 has a total call value of 924,374,500,000 versus a total put value of 1,144,500,000 Combined total value = 925,519,000,000
Strike 3280 has a total call value of 1,016,724,000,000 versus a total put value of 981,000,000 Combined total value = 1,017,705,000,000
Strike 3300 has a total call value of 1,110,377,500,000 versus a total put value of 817,500,000 Combined total value = 1,111,195,000,000
Strike 3320 has a total call value of 1,204,031,000,000 versus a total put value of 654,000,000 Combined total value = 1,204,685,000,000
Strike 3340 has a total call value of 1,298,928,000,000 versus a total put value of 490,500,000 Combined total value = 1,299,418,500,000
Strike 3360 has a total call value of 1,393,825,000,000 versus a total put value of 327,000,000 Combined total value = 1,394,152,000,000
Strike 3380 has a total call value of 1,489,087,000,000 versus a total put value of 163,500,000 Combined total value = 1,489,250,500,000
Strike 3400 has a total call value of 1,584,349,000,000 versus a total put value of 0 Combined total value = 1,584,349,000,000
Strike 3420 has a total call value of 1,681,195,000,000 versus a total put value of 0 Combined total value = 1,681,195,000,000
Strike 3440 has a total call value of 1,778,041,000,000 versus a total put value of 0 Combined total value = 1,778,041,000,000
Strike 3460 has a total call value of 1,875,447,000,000 versus a total put value of 0 Combined total value = 1,875,447,000,000
Strike 3480 has a total call value of 1,972,853,000,000 versus a total put value of 0 Combined total value = 1,972,853,000,000
Strike 3500 has a total call value of 2,070,502,500,000 versus a total put value of 0 Combined total value = 2,070,502,500,000
Strike 3520 has a total call value of 2,168,152,000,000 versus a total put value of 0 Combined total value = 2,168,152,000,000
Strike 3540 has a total call value of 2,266,230,500,000 versus a total put value of 0 Combined total value = 2,266,230,500,000
Strike 3560 has a total call value of 2,364,309,000,000 versus a total put value of 0 Combined total value = 2,364,309,000,000
Strike 3580 has a total call value of 2,462,387,500,000 versus a total put value of 0 Combined total value = 2,462,387,500,000
Strike 3600 has a total call value of 2,560,466,000,000 versus a total put value of 0 Combined total value = 2,560,466,000,000
Strike 3620 has a total call value of 2,659,133,000,000 versus a total put value of 0 Combined total value = 2,659,133,000,000
Strike 3640 has a total call value of 2,757,800,000,000 versus a total put value of 0 Combined total value = 2,757,800,000,000
Strike 3660 has a total call value of 2,856,467,000,000 versus a total put value of 0 Combined total value = 2,856,467,000,000
Strike 3680 has a total call value of 2,955,134,000,000 versus a total put value of 0 Combined total value = 2,955,134,000,000
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.