RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
13 Mar 2025 04:12 PM IST
Max Pain for RELIANCE is 1240
Strike 980 has a total call value of 0 versus a total put value of 1,030,581,500,000 Combined total value = 1,030,581,500,000
Strike 990 has a total call value of 0 versus a total put value of 989,350,000,000 Combined total value = 989,350,000,000
Strike 1000 has a total call value of 0 versus a total put value of 948,118,500,000 Combined total value = 948,118,500,000
Strike 1010 has a total call value of 224,500,000 versus a total put value of 907,358,000,000 Combined total value = 907,582,500,000
Strike 1020 has a total call value of 449,000,000 versus a total put value of 866,597,500,000 Combined total value = 867,046,500,000
Strike 1030 has a total call value of 673,500,000 versus a total put value of 826,003,000,000 Combined total value = 826,676,500,000
Strike 1040 has a total call value of 898,000,000 versus a total put value of 785,408,500,000 Combined total value = 786,306,500,000
Strike 1050 has a total call value of 1,122,500,000 versus a total put value of 745,073,500,000 Combined total value = 746,196,000,000
Strike 1060 has a total call value of 1,347,000,000 versus a total put value of 704,917,500,000 Combined total value = 706,264,500,000
Strike 1070 has a total call value of 1,571,500,000 versus a total put value of 665,106,000,000 Combined total value = 666,677,500,000
Strike 1080 has a total call value of 1,796,000,000 versus a total put value of 625,371,500,000 Combined total value = 627,167,500,000
Strike 1090 has a total call value of 2,020,500,000 versus a total put value of 586,470,500,000 Combined total value = 588,491,000,000
Strike 1100 has a total call value of 2,245,000,000 versus a total put value of 547,769,000,000 Combined total value = 550,014,000,000
Strike 1110 has a total call value of 2,773,500,000 versus a total put value of 510,959,000,000 Combined total value = 513,732,500,000
Strike 1120 has a total call value of 3,366,000,000 versus a total put value of 474,580,000,000 Combined total value = 477,946,000,000
Strike 1130 has a total call value of 4,069,000,000 versus a total put value of 438,940,000,000 Combined total value = 443,009,000,000
Strike 1140 has a total call value of 4,976,000,000 versus a total put value of 404,070,000,000 Combined total value = 409,046,000,000
Strike 1150 has a total call value of 6,146,500,000 versus a total put value of 370,163,000,000 Combined total value = 376,309,500,000
Strike 1160 has a total call value of 7,593,000,000 versus a total put value of 338,092,500,000 Combined total value = 345,685,500,000
Strike 1170 has a total call value of 9,558,000,000 versus a total put value of 307,632,000,000 Combined total value = 317,190,000,000
Strike 1180 has a total call value of 12,855,500,000 versus a total put value of 278,503,500,000 Combined total value = 291,359,000,000
Strike 1190 has a total call value of 17,191,000,000 versus a total put value of 251,354,000,000 Combined total value = 268,545,000,000
Strike 1200 has a total call value of 22,057,500,000 versus a total put value of 225,466,000,000 Combined total value = 247,523,500,000
Strike 1210 has a total call value of 29,591,500,000 versus a total put value of 204,662,500,000 Combined total value = 234,254,000,000
Strike 1220 has a total call value of 38,423,000,000 versus a total put value of 185,106,000,000 Combined total value = 223,529,000,000
Strike 1230 has a total call value of 49,303,000,000 versus a total put value of 167,730,500,000 Combined total value = 217,033,500,000
Strike 1240 has a total call value of 61,467,000,000 versus a total put value of 151,639,500,000 Combined total value = 213,106,500,000
Strike 1250 has a total call value of 75,339,000,000 versus a total put value of 137,772,000,000 Combined total value = 213,111,000,000
Strike 1260 has a total call value of 92,727,000,000 versus a total put value of 126,272,500,000 Combined total value = 218,999,500,000
Strike 1270 has a total call value of 114,159,500,000 versus a total put value of 115,803,000,000 Combined total value = 229,962,500,000
Strike 1280 has a total call value of 141,113,000,000 versus a total put value of 105,993,000,000 Combined total value = 247,106,000,000
Strike 1290 has a total call value of 170,259,000,000 versus a total put value of 96,710,500,000 Combined total value = 266,969,500,000
Strike 1300 has a total call value of 200,779,500,000 versus a total put value of 87,724,000,000 Combined total value = 288,503,500,000
Strike 1310 has a total call value of 239,829,500,000 versus a total put value of 80,529,500,000 Combined total value = 320,359,000,000
Strike 1320 has a total call value of 279,989,000,000 versus a total put value of 73,534,500,000 Combined total value = 353,523,500,000
Strike 1330 has a total call value of 321,875,000,000 versus a total put value of 66,874,000,000 Combined total value = 388,749,000,000
Strike 1340 has a total call value of 364,775,500,000 versus a total put value of 60,279,000,000 Combined total value = 425,054,500,000
Strike 1350 has a total call value of 408,807,500,000 versus a total put value of 53,812,500,000 Combined total value = 462,620,000,000
Strike 1360 has a total call value of 454,402,500,000 versus a total put value of 48,452,500,000 Combined total value = 502,855,000,000
Strike 1370 has a total call value of 500,394,000,000 versus a total put value of 43,156,500,000 Combined total value = 543,550,500,000
Strike 1380 has a total call value of 546,793,500,000 versus a total put value of 37,860,500,000 Combined total value = 584,654,000,000
Strike 1390 has a total call value of 593,529,000,000 versus a total put value of 32,574,000,000 Combined total value = 626,103,000,000
Strike 1400 has a total call value of 640,411,000,000 versus a total put value of 27,297,000,000 Combined total value = 667,708,000,000
Strike 1410 has a total call value of 689,663,500,000 versus a total put value of 24,170,000,000 Combined total value = 713,833,500,000
Strike 1420 has a total call value of 738,977,500,000 versus a total put value of 21,043,000,000 Combined total value = 760,020,500,000
Strike 1430 has a total call value of 788,414,000,000 versus a total put value of 17,963,500,000 Combined total value = 806,377,500,000
Strike 1440 has a total call value of 837,850,500,000 versus a total put value of 14,884,000,000 Combined total value = 852,734,500,000
Strike 1450 has a total call value of 890,322,500,000 versus a total put value of 12,061,500,000 Combined total value = 902,384,000,000
Strike 1460 has a total call value of 942,794,500,000 versus a total put value of 9,239,000,000 Combined total value = 952,033,500,000
Strike 1470 has a total call value of 995,407,000,000 versus a total put value of 6,629,500,000 Combined total value = 1,002,036,500,000
Strike 1480 has a total call value of 1,048,019,500,000 versus a total put value of 4,020,000,000 Combined total value = 1,052,039,500,000
Strike 1490 has a total call value of 1,101,323,000,000 versus a total put value of 3,015,000,000 Combined total value = 1,104,338,000,000
Strike 1500 has a total call value of 1,154,626,500,000 versus a total put value of 2,010,000,000 Combined total value = 1,156,636,500,000
Strike 1510 has a total call value of 1,207,930,000,000 versus a total put value of 1,005,000,000 Combined total value = 1,208,935,000,000
Strike 1520 has a total call value of 1,261,233,500,000 versus a total put value of 0 Combined total value = 1,261,233,500,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 382.75 | 400 |
ABB | 5118.55 | 5200 |
ABCAPITAL | 162.19 | 162.5 |
ABFRL | 240.05 | 250 |
ACC | 1854 | 1860 |
ADANIENSOL | 783.2 | 760 |
ADANIENT | 2221.1 | 2380 |
ADANIGREEN | 873.65 | 840 |
ADANIPORTS | 1119.2 | 1120 |
ALKEM | 4706.95 | 4700 |
AMBUJACEM | 485.8 | 485 |
ANGELONE | 1953.5 | 2000 |
APLAPOLLO | 1372.8 | 1400 |
APOLLOHOSP | 6105.65 | 6150 |
APOLLOTYRE | 400.95 | 400 |
ASHOKLEY | 196.63 | 205 |
ASIANPAINT | 2231.3 | 2260 |
ASTRAL | 1238.3 | 1300 |
ATGL | 604.35 | 580 |
AUBANK | 502.85 | 530 |
AUROPHARMA | 1094.75 | 1100 |
AXISBANK | 1010.2 | 1020 |
BAJAJ-AUTO | 7504.7 | 7600 |
BAJAJFINSV | 1807.45 | 1820 |
BAJFINANCE | 8420.45 | 8400 |
BALKRISIND | 2499.05 | 2520 |
BANDHANBNK | 139.84 | 145 |
BANKBARODA | 205.52 | 210 |
BANKINDIA | 94.12 | 96 |
BEL | 280.07 | 275 |
BERGEPAINT | 488.2 | 490 |
BHARATFORG | 1039.25 | 1040 |
BHARTIARTL | 1632.5 | 1640 |
BHEL | 193.33 | 200 |
BIOCON | 323.05 | 320 |
BOSCHLTD | 26378.35 | 27000 |
BPCL | 264.41 | 260 |
BRITANNIA | 4728.25 | 4750 |
BSE | 3926.25 | 4300 |
BSOFT | 385.75 | 400 |
CAMS | 3410.1 | 3400 |
CANBK | 82.9 | 85 |
CDSL | 1071 | 1100 |
CESC | 138.67 | 135 |
CGPOWER | 599.1 | 600 |
CHAMBLFERT | 556.55 | 560 |
CHOLAFIN | 1444.7 | 1420 |
CIPLA | 1461.9 | 1440 |
COALINDIA | 378.3 | 380 |
COFORGE | 7292.25 | 7500 |
COLPAL | 2411.7 | 2480 |
CONCOR | 640.25 | 670 |
CROMPTON | 344.25 | 350 |
CUMMINSIND | 2835.25 | 2850 |
CYIENT | 1192.35 | 1240 |
DABUR | 500.95 | 500 |
DALBHARAT | 1607.1 | 1680 |
DEEPAKNTR | 1948.6 | 1900 |
DELHIVERY | 241.76 | 250 |
DIVISLAB | 5620.45 | 5650 |
DIXON | 13324.05 | 13500 |
DLF | 658.1 | 660 |
DMART | 3797.1 | 3750 |
DRREDDY | 1107.95 | 1120 |
EICHERMOT | 5015.25 | 5000 |
ESCORTS | 2908.5 | 3000 |
EXIDEIND | 333 | 350 |
FEDERALBNK | 176.6 | 180 |
GAIL | 157.96 | 160 |
GLENMARK | 1405.15 | 1380 |
GMRAIRPORT | 74.33 | 72 |
GODREJCP | 1025.8 | 1030 |
GODREJPROP | 1969.1 | 2000 |
GRANULES | 470.65 | 490 |
GRASIM | 2370.2 | 2400 |
HAL | 3396.15 | 3450 |
HAVELLS | 1458.65 | 1460 |
HCLTECH | 1534.75 | 1560 |
HDFCAMC | 3725.1 | 3750 |
HDFCBANK | 1706.6 | 1720 |
HDFCLIFE | 622.4 | 620 |
HEROMOTOCO | 3529.15 | 3650 |
HFCL | 77.55 | 82.5 |
HINDALCO | 677.35 | 660 |
HINDCOPPER | 215.8 | 225 |
HINDPETRO | 323.7 | 325 |
HINDUNILVR | 2174.8 | 2220 |
HUDCO | 180.76 | 180 |
ICICIBANK | 1250.05 | 1250 |
ICICIGI | 1678.75 | 1680 |
ICICIPRULI | 536.6 | 550 |
IDEA | 6.95 | 8 |
IDFCFIRSTB | 53.48 | 57 |
IEX | 153.56 | 160 |
IGL | 184.88 | 190 |
IIFL | 313.25 | 310 |
INDHOTEL | 750.45 | 750 |
INDIANB | 490.4 | 500 |
INDIGO | 4700.85 | 4600 |
INDUSINDBK | 672.35 | 750 |
INDUSTOWER | 327 | 330 |
INFY | 1579.85 | 1600 |
IOC | 125.67 | 125 |
IRB | 42.8 | 45 |
IRCTC | 689.05 | 700 |
IREDA | 139.85 | 140 |
IRFC | 117.69 | 117.5 |
ITC | 412.05 | 410 |
JINDALSTEL | 889.7 | 900 |
JIOFIN | 222.6 | 220 |
JKCEMENT | 4271.3 | 4400 |
JSL | 632.3 | 640 |
JSWENERGY | 514.1 | 500 |
JSWSTEEL | 1001.2 | 1000 |
JUBLFOOD | 596.35 | 610 |
KALYANKJIL | 430.9 | 420 |
KEI | 3053.95 | 3000 |
KOTAKBANK | 1985.1 | 1960 |
KPITTECH | 1206.45 | 1260 |
LAURUSLABS | 574.05 | 560 |
LICHSGFIN | 515.6 | 520 |
LICI | 740.15 | 760 |
LODHA | 1055.25 | 1100 |
LT | 3187.3 | 3250 |
LTF | 138.64 | 140 |
LTIM | 4467.05 | 4700 |
LTTS | 4378.2 | 4500 |
LUPIN | 1968.45 | 1980 |
M&M | 2643.5 | 2700 |
M&MFIN | 271.35 | 275 |
MANAPPURAM | 208.14 | 200 |
MARICO | 606.3 | 610 |
MARUTI | 11513.8 | 11700 |
MAXHEALTH | 990.7 | 1000 |
MCX | 4808.45 | 4900 |
MFSL | 1052.55 | 1040 |
MGL | 1285.95 | 1300 |
MOTHERSON | 121.76 | 125 |
MPHASIS | 2205.15 | 2250 |
MRF | 105041.6 | 105000 |
MUTHOOTFIN | 2196.35 | 2180 |
NATIONALUM | 187.87 | 190 |
NAUKRI | 6382.55 | 6700 |
NBCC | 77.89 | 80 |
NCC | 185.86 | 185 |
NESTLEIND | 2191.95 | 2220 |
NHPC | 77.57 | 77 |
NMDC | 63.8 | 65 |
NTPC | 331.9 | 325 |
NYKAA | 164.56 | 165 |
OBEROIRLTY | 1533.5 | 1560 |
OFSS | 7328 | 7500 |
OIL | 375.5 | 370 |
ONGC | 225.43 | 227.5 |
PAGEIND | 40099.25 | 40000 |
PATANJALI | 1718.6 | 1700 |
PAYTM | 682.85 | 700 |
PEL | 885.95 | 920 |
PERSISTENT | 5125.75 | 5200 |
PETRONET | 281 | 290 |
PFC | 388.35 | 390 |
PHOENIXLTD | 1564.5 | 1600 |
PIDILITIND | 2729.9 | 2740 |
PIIND | 3297.3 | 3200 |
PNB | 87.2 | 90 |
POLICYBZR | 1331.9 | 1400 |
POLYCAB | 5003.1 | 5000 |
POONAWALLA | 281.35 | 280 |
POWERGRID | 267.65 | 265 |
PRESTIGE | 1129.6 | 1150 |
RAMCOCEM | 801.55 | 820 |
RBLBANK | 156.32 | 160 |
RECLTD | 406.65 | 400 |
RELIANCE | 1247.9 | 1240 |
SAIL | 105.89 | 110 |
SBICARD | 829.85 | 840 |
SBILIFE | 1385.55 | 1420 |
SBIN | 727.85 | 730 |
SHREECEM | 27495.15 | 27750 |
SHRIRAMFIN | 619.55 | 620 |
SIEMENS | 4927.9 | 5000 |
SJVN | 85.42 | 85 |
SOLARINDS | 10097.15 | 9800 |
SONACOMS | 485.8 | 500 |
SRF | 2951.8 | 2860 |
SUNPHARMA | 1683.45 | 1640 |
SUPREMEIND | 3343.75 | 3400 |
SYNGENE | 666.2 | 680 |
TATACHEM | 796.1 | 820 |
TATACOMM | 1503.95 | 1460 |
TATACONSUM | 946.1 | 960 |
TATAELXSI | 5236.75 | 5400 |
TATAMOTORS | 655.5 | 650 |
TATAPOWER | 350.75 | 360 |
TATASTEEL | 150.88 | 150 |
TATATECH | 636.8 | 650 |
TCS | 3511.05 | 3600 |
TECHM | 1440.65 | 1480 |
TIINDIA | 2926.55 | 2800 |
TITAGARH | 694.3 | 700 |
TITAN | 3010.15 | 3100 |
TORNTPHARM | 3056.05 | 3000 |
TORNTPOWER | 1291.2 | 1340 |
TRENT | 5022.4 | 5000 |
TVSMOTOR | 2250.9 | 2300 |
ULTRACEMCO | 10452.1 | 10400 |
UNIONBANK | 113.7 | 115 |
UNITDSPR | 1353.7 | 1300 |
UPL | 601.45 | 620 |
USDINR | 87.09 | 77.25 |
VBL | 488.15 | 480 |
VEDL | 442.95 | 440 |
VOLTAS | 1402.55 | 1380 |
WIPRO | 264 | 270 |
YESBANK | 16.19 | 17 |
ZOMATO | 201.43 | 210 |
ZYDUSLIFE | 883.1 | 900 |
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.