RELIANCE
RELIANCE INDUSTRIES LTD
Max pain for RELIANCE
19 Apr 2024 04:17 PM IST
Max Pain for RELIANCE is 2940
Strike 2440 has a total call value of 0 versus a total put value of 364,243,000,000 Combined total value = 364,243,000,000
Strike 2460 has a total call value of 0 versus a total put value of 347,537,500,000 Combined total value = 347,537,500,000
Strike 2480 has a total call value of 0 versus a total put value of 330,832,000,000 Combined total value = 330,832,000,000
Strike 2500 has a total call value of 0 versus a total put value of 314,126,500,000 Combined total value = 314,126,500,000
Strike 2520 has a total call value of 0 versus a total put value of 297,421,000,000 Combined total value = 297,421,000,000
Strike 2540 has a total call value of 0 versus a total put value of 280,773,500,000 Combined total value = 280,773,500,000
Strike 2560 has a total call value of 0 versus a total put value of 264,126,000,000 Combined total value = 264,126,000,000
Strike 2580 has a total call value of 3,500,000 versus a total put value of 247,512,000,000 Combined total value = 247,515,500,000
Strike 2600 has a total call value of 7,000,000 versus a total put value of 230,898,000,000 Combined total value = 230,905,000,000
Strike 2620 has a total call value of 65,000,000 versus a total put value of 214,673,500,000 Combined total value = 214,738,500,000
Strike 2640 has a total call value of 125,500,000 versus a total put value of 198,464,000,000 Combined total value = 198,589,500,000
Strike 2660 has a total call value of 186,000,000 versus a total put value of 182,286,500,000 Combined total value = 182,472,500,000
Strike 2680 has a total call value of 246,500,000 versus a total put value of 166,178,500,000 Combined total value = 166,425,000,000
Strike 2700 has a total call value of 307,000,000 versus a total put value of 150,136,000,000 Combined total value = 150,443,000,000
Strike 2720 has a total call value of 417,500,000 versus a total put value of 134,670,000,000 Combined total value = 135,087,500,000
Strike 2740 has a total call value of 528,000,000 versus a total put value of 119,290,500,000 Combined total value = 119,818,500,000
Strike 2760 has a total call value of 661,500,000 versus a total put value of 104,061,500,000 Combined total value = 104,723,000,000
Strike 2780 has a total call value of 813,500,000 versus a total put value of 89,099,000,000 Combined total value = 89,912,500,000
Strike 2800 has a total call value of 999,000,000 versus a total put value of 74,597,000,000 Combined total value = 75,596,000,000
Strike 2820 has a total call value of 1,971,500,000 versus a total put value of 62,911,000,000 Combined total value = 64,882,500,000
Strike 2840 has a total call value of 2,978,500,000 versus a total put value of 52,204,500,000 Combined total value = 55,183,000,000
Strike 2860 has a total call value of 4,070,000,000 versus a total put value of 42,275,000,000 Combined total value = 46,345,000,000
Strike 2880 has a total call value of 5,441,500,000 versus a total put value of 33,286,000,000 Combined total value = 38,727,500,000
Strike 2900 has a total call value of 7,011,500,000 versus a total put value of 25,217,500,000 Combined total value = 32,229,000,000
Strike 2920 has a total call value of 9,864,500,000 versus a total put value of 19,687,000,000 Combined total value = 29,551,500,000
Strike 2940 has a total call value of 13,489,000,000 versus a total put value of 15,002,500,000 Combined total value = 28,491,500,000
Strike 2960 has a total call value of 18,997,500,000 versus a total put value of 11,421,000,000 Combined total value = 30,418,500,000
Strike 2980 has a total call value of 27,018,500,000 versus a total put value of 8,689,000,000 Combined total value = 35,707,500,000
Strike 3000 has a total call value of 37,306,500,000 versus a total put value of 6,329,000,000 Combined total value = 43,635,500,000
Strike 3020 has a total call value of 58,837,000,000 versus a total put value of 4,920,000,000 Combined total value = 63,757,000,000
Strike 3040 has a total call value of 82,264,500,000 versus a total put value of 3,914,000,000 Combined total value = 86,178,500,000
Strike 3060 has a total call value of 106,650,500,000 versus a total put value of 3,002,500,000 Combined total value = 109,653,000,000
Strike 3080 has a total call value of 132,453,500,000 versus a total put value of 2,194,500,000 Combined total value = 134,648,000,000
Strike 3100 has a total call value of 158,829,000,000 versus a total put value of 1,472,500,000 Combined total value = 160,301,500,000
Strike 3120 has a total call value of 188,542,500,000 versus a total put value of 1,146,000,000 Combined total value = 189,688,500,000
Strike 3140 has a total call value of 218,957,500,000 versus a total put value of 924,500,000 Combined total value = 219,882,000,000
Strike 3160 has a total call value of 249,586,000,000 versus a total put value of 703,000,000 Combined total value = 250,289,000,000
Strike 3180 has a total call value of 280,543,500,000 versus a total put value of 481,500,000 Combined total value = 281,025,000,000
Strike 3200 has a total call value of 311,692,500,000 versus a total put value of 260,000,000 Combined total value = 311,952,500,000
Strike 3220 has a total call value of 345,946,500,000 versus a total put value of 234,000,000 Combined total value = 346,180,500,000
Strike 3240 has a total call value of 380,350,500,000 versus a total put value of 208,000,000 Combined total value = 380,558,500,000
Strike 3260 has a total call value of 414,973,000,000 versus a total put value of 182,000,000 Combined total value = 415,155,000,000
Strike 3280 has a total call value of 449,992,500,000 versus a total put value of 156,000,000 Combined total value = 450,148,500,000
Strike 3300 has a total call value of 485,389,500,000 versus a total put value of 130,000,000 Combined total value = 485,519,500,000
Strike 3320 has a total call value of 520,786,500,000 versus a total put value of 104,000,000 Combined total value = 520,890,500,000
Strike 3340 has a total call value of 556,551,000,000 versus a total put value of 78,000,000 Combined total value = 556,629,000,000
Strike 3360 has a total call value of 592,315,500,000 versus a total put value of 52,000,000 Combined total value = 592,367,500,000
Strike 3380 has a total call value of 628,319,500,000 versus a total put value of 26,000,000 Combined total value = 628,345,500,000
Strike 3400 has a total call value of 664,323,500,000 versus a total put value of 0 Combined total value = 664,323,500,000
Max Pain - Choose a symbol
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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.