RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
24 Apr 2025 12:41 PM IST
Max Pain for RELIANCE is 1250
Strike 960 has a total call value of 0 versus a total put value of 591,637,000,000 Combined total value = 591,637,000,000
Strike 970 has a total call value of 0 versus a total put value of 570,099,500,000 Combined total value = 570,099,500,000
Strike 980 has a total call value of 0 versus a total put value of 548,562,000,000 Combined total value = 548,562,000,000
Strike 990 has a total call value of 0 versus a total put value of 527,434,000,000 Combined total value = 527,434,000,000
Strike 1000 has a total call value of 0 versus a total put value of 506,306,000,000 Combined total value = 506,306,000,000
Strike 1010 has a total call value of 139,000,000 versus a total put value of 485,487,500,000 Combined total value = 485,626,500,000
Strike 1020 has a total call value of 278,000,000 versus a total put value of 464,669,000,000 Combined total value = 464,947,000,000
Strike 1030 has a total call value of 417,000,000 versus a total put value of 443,850,500,000 Combined total value = 444,267,500,000
Strike 1040 has a total call value of 556,000,000 versus a total put value of 423,032,000,000 Combined total value = 423,588,000,000
Strike 1050 has a total call value of 695,000,000 versus a total put value of 402,398,000,000 Combined total value = 403,093,000,000
Strike 1060 has a total call value of 834,000,000 versus a total put value of 381,906,500,000 Combined total value = 382,740,500,000
Strike 1070 has a total call value of 973,000,000 versus a total put value of 361,713,500,000 Combined total value = 362,686,500,000
Strike 1080 has a total call value of 1,112,000,000 versus a total put value of 341,689,000,000 Combined total value = 342,801,000,000
Strike 1090 has a total call value of 1,251,000,000 versus a total put value of 321,908,000,000 Combined total value = 323,159,000,000
Strike 1100 has a total call value of 1,390,000,000 versus a total put value of 302,127,000,000 Combined total value = 303,517,000,000
Strike 1110 has a total call value of 1,789,000,000 versus a total put value of 283,237,000,000 Combined total value = 285,026,000,000
Strike 1120 has a total call value of 2,188,000,000 versus a total put value of 264,459,000,000 Combined total value = 266,647,000,000
Strike 1130 has a total call value of 2,700,000,000 versus a total put value of 245,985,000,000 Combined total value = 248,685,000,000
Strike 1140 has a total call value of 3,380,000,000 versus a total put value of 227,826,000,000 Combined total value = 231,206,000,000
Strike 1150 has a total call value of 4,317,000,000 versus a total put value of 210,078,500,000 Combined total value = 214,395,500,000
Strike 1160 has a total call value of 5,473,500,000 versus a total put value of 192,804,000,000 Combined total value = 198,277,500,000
Strike 1170 has a total call value of 7,058,500,000 versus a total put value of 176,088,500,000 Combined total value = 183,147,000,000
Strike 1180 has a total call value of 8,861,500,000 versus a total put value of 159,674,000,000 Combined total value = 168,535,500,000
Strike 1190 has a total call value of 11,144,000,000 versus a total put value of 143,823,000,000 Combined total value = 154,967,000,000
Strike 1200 has a total call value of 13,939,000,000 versus a total put value of 128,277,500,000 Combined total value = 142,216,500,000
Strike 1210 has a total call value of 17,396,000,000 versus a total put value of 114,342,000,000 Combined total value = 131,738,000,000
Strike 1220 has a total call value of 22,048,500,000 versus a total put value of 100,911,500,000 Combined total value = 122,960,000,000
Strike 1230 has a total call value of 27,583,500,000 versus a total put value of 88,393,500,000 Combined total value = 115,977,000,000
Strike 1240 has a total call value of 34,785,500,000 versus a total put value of 76,791,500,000 Combined total value = 111,577,000,000
Strike 1250 has a total call value of 43,590,500,000 versus a total put value of 66,199,000,000 Combined total value = 109,789,500,000
Strike 1260 has a total call value of 53,220,500,000 versus a total put value of 56,806,500,000 Combined total value = 110,027,000,000
Strike 1270 has a total call value of 64,860,000,000 versus a total put value of 48,736,500,000 Combined total value = 113,596,500,000
Strike 1280 has a total call value of 76,976,500,000 versus a total put value of 41,597,000,000 Combined total value = 118,573,500,000
Strike 1290 has a total call value of 92,122,500,000 versus a total put value of 36,693,000,000 Combined total value = 128,815,500,000
Strike 1300 has a total call value of 108,398,000,000 versus a total put value of 32,385,500,000 Combined total value = 140,783,500,000
Strike 1310 has a total call value of 128,045,500,000 versus a total put value of 28,824,500,000 Combined total value = 156,870,000,000
Strike 1320 has a total call value of 148,999,500,000 versus a total put value of 25,757,000,000 Combined total value = 174,756,500,000
Strike 1330 has a total call value of 171,611,500,000 versus a total put value of 23,079,000,000 Combined total value = 194,690,500,000
Strike 1340 has a total call value of 195,305,000,000 versus a total put value of 20,528,500,000 Combined total value = 215,833,500,000
Strike 1350 has a total call value of 219,697,000,000 versus a total put value of 18,156,500,000 Combined total value = 237,853,500,000
Strike 1360 has a total call value of 245,171,500,000 versus a total put value of 16,322,500,000 Combined total value = 261,494,000,000
Strike 1370 has a total call value of 271,107,000,000 versus a total put value of 14,640,500,000 Combined total value = 285,747,500,000
Strike 1380 has a total call value of 297,415,500,000 versus a total put value of 12,997,000,000 Combined total value = 310,412,500,000
Strike 1390 has a total call value of 324,354,500,000 versus a total put value of 11,353,500,000 Combined total value = 335,708,000,000
Strike 1400 has a total call value of 351,566,000,000 versus a total put value of 9,726,000,000 Combined total value = 361,292,000,000
Strike 1410 has a total call value of 380,475,000,000 versus a total put value of 8,559,500,000 Combined total value = 389,034,500,000
Strike 1420 has a total call value of 409,517,000,000 versus a total put value of 7,393,000,000 Combined total value = 416,910,000,000
Strike 1430 has a total call value of 438,854,500,000 versus a total put value of 6,320,500,000 Combined total value = 445,175,000,000
Strike 1440 has a total call value of 468,192,000,000 versus a total put value of 5,248,000,000 Combined total value = 473,440,000,000
Strike 1450 has a total call value of 498,157,500,000 versus a total put value of 4,254,000,000 Combined total value = 502,411,500,000
Strike 1460 has a total call value of 528,123,000,000 versus a total put value of 3,260,000,000 Combined total value = 531,383,000,000
Strike 1470 has a total call value of 558,306,000,000 versus a total put value of 2,319,000,000 Combined total value = 560,625,000,000
Strike 1480 has a total call value of 588,489,000,000 versus a total put value of 1,378,000,000 Combined total value = 589,867,000,000
Strike 1490 has a total call value of 618,996,000,000 versus a total put value of 689,000,000 Combined total value = 619,685,000,000
Strike 1500 has a total call value of 649,503,000,000 versus a total put value of 0 Combined total value = 649,503,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.1 | 400 |
| ABB | 5708.5 | 5500 |
| ABCAPITAL | 203.28 | 190 |
| ABFRL | 271.75 | 270 |
| ACC | 2090 | 2080 |
| ADANIENSOL | 945.8 | 880 |
| ADANIENT | 2433.5 | 2400 |
| ADANIGREEN | 952.5 | 940 |
| ADANIPORTS | 1240 | 1200 |
| ALKEM | 5194.2 | 5000 |
| AMBUJACEM | 573.65 | 575 |
| ANGELONE | 2501.6 | 2300 |
| APLAPOLLO | 1628.8 | 1560 |
| APOLLOHOSP | 7108 | 6700 |
| APOLLOTYRE | 463.95 | 445 |
| ASHOKLEY | 229.5 | 215 |
| ASIANPAINT | 2450.1 | 2380 |
| ASTRAL | 1382.7 | 1300 |
| ATGL | 624.95 | 600 |
| AUBANK | 679.35 | 600 |
| AUROPHARMA | 1275 | 1160 |
| AXISBANK | 1206 | 1110 |
| BAJAJ-AUTO | 8240.5 | 8000 |
| BAJAJFINSV | 2099 | 1980 |
| BAJFINANCE | 9294.5 | 9000 |
| BALKRISIND | 2568.3 | 2500 |
| BANDHANBNK | 171.57 | 160 |
| BANKBARODA | 253.4 | 237.5 |
| BANKINDIA | 118.5 | 115 |
| BEL | 304.2 | 295 |
| BERGEPAINT | 582.6 | 560 |
| BHARATFORG | 1105.6 | 1080 |
| BHARTIARTL | 1851 | 1780 |
| BHEL | 228.28 | 220 |
| BIOCON | 327.5 | 335 |
| BOSCHLTD | 28380 | 28000 |
| BPCL | 302.1 | 290 |
| BRITANNIA | 5445.1 | 5200 |
| BSE | 6488 | 5700 |
| BSOFT | 398.7 | 390 |
| CAMS | 4059 | 3800 |
| CANBK | 99.83 | 97 |
| CDSL | 1369.1 | 1240 |
| CESC | 157.59 | 155 |
| CGPOWER | 651.45 | 620 |
| CHAMBLFERT | 692.5 | 640 |
| CHOLAFIN | 1541.6 | 1540 |
| CIPLA | 1548.8 | 1500 |
| COALINDIA | 400.05 | 400 |
| COFORGE | 7403.5 | 7000 |
| COLPAL | 2702.8 | 2560 |
| CONCOR | 709.5 | 700 |
| CROMPTON | 338.8 | 350 |
| CUMMINSIND | 2905.2 | 2950 |
| CYIENT | 1251.9 | 1220 |
| DABUR | 490.85 | 480 |
| DALBHARAT | 1961.2 | 1880 |
| DEEPAKNTR | 2010 | 1950 |
| DELHIVERY | 300.25 | 270 |
| DIVISLAB | 6276 | 5850 |
| DIXON | 16582 | 15000 |
| DLF | 680.8 | 670 |
| DMART | 4475.4 | 4200 |
| DRREDDY | 1201.5 | 1160 |
| EICHERMOT | 5682.5 | 5500 |
| ESCORTS | 3380.4 | 3300 |
| ETERNAL | 239.79 | 220 |
| EXIDEIND | 382 | 375 |
| FEDERALBNK | 203.76 | 195 |
| GAIL | 193.59 | 185 |
| GLENMARK | 1434.5 | 1420 |
| GMRAIRPORT | 88.65 | 82 |
| GODREJCP | 1245.3 | 1200 |
| GODREJPROP | 2145.7 | 2100 |
| GOLDM | 95780 | 95000 |
| GRANULES | 485.25 | 460 |
| GRASIM | 2726.9 | 2600 |
| HAL | 4301 | 4200 |
| HAVELLS | 1591 | 1580 |
| HCLTECH | 1587.2 | 1500 |
| HDFCAMC | 4585.7 | 4300 |
| HDFCBANK | 1918.2 | 1840 |
| HDFCLIFE | 714.25 | 695 |
| HEROMOTOCO | 3946.8 | 3800 |
| HFCL | 85.85 | 82 |
| HINDALCO | 628.15 | 630 |
| HINDCOPPER | 225.1 | 220 |
| HINDPETRO | 389.1 | 370 |
| HINDUNILVR | 2332.1 | 2300 |
| HINDZINC | 459.1 | 440 |
| HUDCO | 230.13 | 220 |
| ICICIBANK | 1406.3 | 1340 |
| ICICIGI | 1882.2 | 1800 |
| ICICIPRULI | 600.95 | 590 |
| IDEA | 7.98 | 7 |
| IDFCFIRSTB | 67.7 | 63 |
| IEX | 192.06 | 185 |
| IGL | 185.8 | 182.5 |
| IIFL | 373.15 | 340 |
| INDHOTEL | 809.15 | 820 |
| INDIANB | 575.15 | 560 |
| INDIGO | 5504 | 5250 |
| INDUSINDBK | 833.9 | 750 |
| INDUSTOWER | 401.85 | 375 |
| INFY | 1473.8 | 1460 |
| INOXWIND | 178.2 | 160 |
| IOC | 138.17 | 135 |
| IRB | 49.03 | 45 |
| IRCTC | 775.55 | 740 |
| IREDA | 178.56 | 160 |
| IRFC | 134.63 | 127.5 |
| ITC | 432.9 | 415 |
| JINDALSTEL | 909.4 | 900 |
| JIOFIN | 258.4 | 240 |
| JSL | 576 | 580 |
| JSWENERGY | 506 | 520 |
| JSWSTEEL | 1041.1 | 1020 |
| JUBLFOOD | 705.45 | 680 |
| KALYANKJIL | 530.1 | 510 |
| KEI | 2987.8 | 2800 |
| KOTAKBANK | 2227.6 | 2120 |
| KPITTECH | 1226.5 | 1180 |
| LAURUSLABS | 642.7 | 620 |
| LICHSGFIN | 614.35 | 580 |
| LICI | 815.95 | 800 |
| LODHA | 1315.3 | 1200 |
| LT | 3297.8 | 3300 |
| LTF | 179.15 | 160 |
| LTIM | 4520.4 | 4350 |
| LUPIN | 2104.6 | 2040 |
| M&M | 2871 | 2700 |
| M&MFIN | 269.1 | 270 |
| MANAPPURAM | 228.91 | 230 |
| MARICO | 712.7 | 690 |
| MARUTI | 11926 | 11600 |
| MAXHEALTH | 1108.9 | 1100 |
| MCX | 6232 | 5600 |
| MFSL | 1232.4 | 1200 |
| MGL | 1332.6 | 1300 |
| MOTHERSON | 136.16 | 130 |
| MPHASIS | 2511.4 | 2320 |
| MRF | 128415 | 123000 |
| MUTHOOTFIN | 2170.4 | 2120 |
| NATIONALUM | 162.64 | 165 |
| NAUKRI | 7126.5 | 6800 |
| NBCC | 99.81 | 94 |
| NCC | 219 | 212.5 |
| NESTLEIND | 2426.9 | 2300 |
| NHPC | 89.32 | 85 |
| NMDC | 68.45 | 67.7 |
| NTPC | 362.7 | 360 |
| NYKAA | 193.31 | 182.5 |
| OBEROIRLTY | 1674.1 | 1620 |
| OFSS | 8726 | 7900 |
| OIL | 403 | 380 |
| ONGC | 249.38 | 240 |
| PAGEIND | 45165 | 44000 |
| PATANJALI | 1936.3 | 1920 |
| PAYTM | 904.15 | 840 |
| PEL | 1015.5 | 1000 |
| PERSISTENT | 5281 | 5000 |
| PETRONET | 309.85 | 305 |
| PFC | 434.1 | 420 |
| PHOENIXLTD | 1671.9 | 1650 |
| PIDILITIND | 3058.8 | 2960 |
| PIIND | 3633 | 3550 |
| PNB | 103.18 | 100 |
| PNBHOUSING | 1005.05 | 960 |
| POLICYBZR | 1662.2 | 1600 |
| POLYCAB | 5556.5 | 5300 |
| POONAWALLA | 401.75 | 365 |
| POWERGRID | 315.25 | 300 |
| PRESTIGE | 1296.7 | 1220 |
| RAMCOCEM | 993.5 | 930 |
| RBLBANK | 198.01 | 182.5 |
| RECLTD | 442 | 430 |
| RELIANCE | 1300.2 | 1250 |
| SAIL | 117.6 | 115 |
| SBICARD | 921.65 | 870 |
| SBILIFE | 1619.5 | 1560 |
| SBIN | 816.5 | 780 |
| SHREECEM | 30665 | 30750 |
| SHRIRAMFIN | 699.95 | 670 |
| SIEMENS | 2903 | 2800 |
| SILVER | 97639 | 96000 |
| SJVN | 99.93 | 95 |
| SOLARINDS | 13013 | 12000 |
| SONACOMS | 470.35 | 450 |
| SRF | 3028.5 | 2900 |
| SUNPHARMA | 1802.5 | 1720 |
| SUPREMEIND | 3446.2 | 3450 |
| SYNGENE | 653.6 | 730 |
| TATACHEM | 863.45 | 850 |
| TATACOMM | 1593.4 | 1600 |
| TATACONSUM | 1159.4 | 1080 |
| TATAELXSI | 5848.5 | 5250 |
| TATAMOTORS | 663.55 | 640 |
| TATAPOWER | 397.2 | 385 |
| TATASTEEL | 141.43 | 140 |
| TATATECH | 723.9 | 660 |
| TCS | 3397.9 | 3350 |
| TECHM | 1442.5 | 1360 |
| TIINDIA | 2650 | 2600 |
| TITAGARH | 819.05 | 780 |
| TITAN | 3361.8 | 3180 |
| TORNTPHARM | 3324.7 | 3250 |
| TORNTPOWER | 1600.5 | 1600 |
| TRENT | 5377.5 | 5200 |
| TVSMOTOR | 2778.6 | 2620 |
| ULTRACEMCO | 12101 | 11600 |
| UNIONBANK | 128.03 | 125 |
| UNITDSPR | 1587 | 1460 |
| UPL | 680.65 | 660 |
| VBL | 538.1 | 540 |
| VEDL | 428.95 | 420 |
| VOLTAS | 1279.6 | 1320 |
| WIPRO | 243.8 | 245 |
| YESBANK | 18.45 | 17 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 882.2 | 880 |
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.
