RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
09 Sep 2024 04:12 PM IST
Max Pain for RELIANCE is 3000
Strike 2440 has a total call value of 0 versus a total put value of 977,689,000,000 Combined total value = 977,689,000,000
Strike 2460 has a total call value of 0 versus a total put value of 937,540,500,000 Combined total value = 937,540,500,000
Strike 2480 has a total call value of 0 versus a total put value of 897,392,000,000 Combined total value = 897,392,000,000
Strike 2500 has a total call value of 0 versus a total put value of 857,268,500,000 Combined total value = 857,268,500,000
Strike 2520 has a total call value of 0 versus a total put value of 817,145,000,000 Combined total value = 817,145,000,000
Strike 2540 has a total call value of 0 versus a total put value of 777,261,000,000 Combined total value = 777,261,000,000
Strike 2560 has a total call value of 0 versus a total put value of 737,377,000,000 Combined total value = 737,377,000,000
Strike 2580 has a total call value of 0 versus a total put value of 697,563,500,000 Combined total value = 697,563,500,000
Strike 2600 has a total call value of 0 versus a total put value of 657,750,000,000 Combined total value = 657,750,000,000
Strike 2620 has a total call value of 5,000,000 versus a total put value of 618,753,000,000 Combined total value = 618,758,000,000
Strike 2640 has a total call value of 10,000,000 versus a total put value of 579,756,000,000 Combined total value = 579,766,000,000
Strike 2660 has a total call value of 15,000,000 versus a total put value of 540,850,000,000 Combined total value = 540,865,000,000
Strike 2680 has a total call value of 20,000,000 versus a total put value of 502,121,000,000 Combined total value = 502,141,000,000
Strike 2700 has a total call value of 25,000,000 versus a total put value of 463,573,500,000 Combined total value = 463,598,500,000
Strike 2720 has a total call value of 47,500,000 versus a total put value of 426,370,000,000 Combined total value = 426,417,500,000
Strike 2740 has a total call value of 70,000,000 versus a total put value of 389,676,000,000 Combined total value = 389,746,000,000
Strike 2760 has a total call value of 92,500,000 versus a total put value of 353,328,500,000 Combined total value = 353,421,000,000
Strike 2780 has a total call value of 121,000,000 versus a total put value of 317,467,500,000 Combined total value = 317,588,500,000
Strike 2800 has a total call value of 149,500,000 versus a total put value of 282,228,500,000 Combined total value = 282,378,000,000
Strike 2820 has a total call value of 510,000,000 versus a total put value of 250,657,000,000 Combined total value = 251,167,000,000
Strike 2840 has a total call value of 886,500,000 versus a total put value of 219,712,000,000 Combined total value = 220,598,500,000
Strike 2860 has a total call value of 1,332,500,000 versus a total put value of 190,465,000,000 Combined total value = 191,797,500,000
Strike 2880 has a total call value of 1,911,000,000 versus a total put value of 162,659,500,000 Combined total value = 164,570,500,000
Strike 2900 has a total call value of 2,688,500,000 versus a total put value of 135,640,000,000 Combined total value = 138,328,500,000
Strike 2920 has a total call value of 5,679,500,000 versus a total put value of 113,198,000,000 Combined total value = 118,877,500,000
Strike 2940 has a total call value of 9,802,500,000 versus a total put value of 92,240,000,000 Combined total value = 102,042,500,000
Strike 2960 has a total call value of 16,368,500,000 versus a total put value of 73,140,000,000 Combined total value = 89,508,500,000
Strike 2980 has a total call value of 25,131,000,000 versus a total put value of 55,628,500,000 Combined total value = 80,759,500,000
Strike 3000 has a total call value of 35,832,500,000 versus a total put value of 39,267,500,000 Combined total value = 75,100,000,000
Strike 3020 has a total call value of 62,169,000,000 versus a total put value of 30,199,000,000 Combined total value = 92,368,000,000
Strike 3040 has a total call value of 92,701,000,000 versus a total put value of 22,961,000,000 Combined total value = 115,662,000,000
Strike 3060 has a total call value of 130,915,000,000 versus a total put value of 17,420,000,000 Combined total value = 148,335,000,000
Strike 3080 has a total call value of 174,912,000,000 versus a total put value of 13,152,000,000 Combined total value = 188,064,000,000
Strike 3100 has a total call value of 224,077,500,000 versus a total put value of 9,606,500,000 Combined total value = 233,684,000,000
Strike 3120 has a total call value of 289,689,000,000 versus a total put value of 7,790,000,000 Combined total value = 297,479,000,000
Strike 3140 has a total call value of 356,944,500,000 versus a total put value of 6,089,000,000 Combined total value = 363,033,500,000
Strike 3160 has a total call value of 426,576,500,000 versus a total put value of 4,612,500,000 Combined total value = 431,189,000,000
Strike 3180 has a total call value of 498,408,500,000 versus a total put value of 3,234,500,000 Combined total value = 501,643,000,000
Strike 3200 has a total call value of 572,096,000,000 versus a total put value of 1,939,500,000 Combined total value = 574,035,500,000
Strike 3220 has a total call value of 656,178,000,000 versus a total put value of 1,562,000,000 Combined total value = 657,740,000,000
Strike 3240 has a total call value of 741,245,500,000 versus a total put value of 1,376,000,000 Combined total value = 742,621,500,000
Strike 3260 has a total call value of 827,206,500,000 versus a total put value of 1,190,000,000 Combined total value = 828,396,500,000
Strike 3280 has a total call value of 914,117,000,000 versus a total put value of 1,004,000,000 Combined total value = 915,121,000,000
Strike 3300 has a total call value of 1,002,625,500,000 versus a total put value of 818,000,000 Combined total value = 1,003,443,500,000
Strike 3320 has a total call value of 1,091,134,000,000 versus a total put value of 632,000,000 Combined total value = 1,091,766,000,000
Strike 3340 has a total call value of 1,181,128,000,000 versus a total put value of 474,000,000 Combined total value = 1,181,602,000,000
Strike 3360 has a total call value of 1,271,122,000,000 versus a total put value of 316,000,000 Combined total value = 1,271,438,000,000
Strike 3380 has a total call value of 1,361,611,000,000 versus a total put value of 158,000,000 Combined total value = 1,361,769,000,000
Strike 3400 has a total call value of 1,452,100,000,000 versus a total put value of 0 Combined total value = 1,452,100,000,000
Strike 3420 has a total call value of 1,544,745,500,000 versus a total put value of 0 Combined total value = 1,544,745,500,000
Strike 3440 has a total call value of 1,637,391,000,000 versus a total put value of 0 Combined total value = 1,637,391,000,000
Strike 3460 has a total call value of 1,730,564,000,000 versus a total put value of 0 Combined total value = 1,730,564,000,000
Strike 3480 has a total call value of 1,823,737,000,000 versus a total put value of 0 Combined total value = 1,823,737,000,000
Strike 3500 has a total call value of 1,917,221,000,000 versus a total put value of 0 Combined total value = 1,917,221,000,000
Strike 3520 has a total call value of 2,010,705,000,000 versus a total put value of 0 Combined total value = 2,010,705,000,000
Strike 3540 has a total call value of 2,105,204,500,000 versus a total put value of 0 Combined total value = 2,105,204,500,000
Strike 3560 has a total call value of 2,199,704,000,000 versus a total put value of 0 Combined total value = 2,199,704,000,000
Strike 3580 has a total call value of 2,294,203,500,000 versus a total put value of 0 Combined total value = 2,294,203,500,000
Strike 3600 has a total call value of 2,388,703,000,000 versus a total put value of 0 Combined total value = 2,388,703,000,000
Strike 3620 has a total call value of 2,484,002,500,000 versus a total put value of 0 Combined total value = 2,484,002,500,000
Strike 3640 has a total call value of 2,579,302,000,000 versus a total put value of 0 Combined total value = 2,579,302,000,000
Strike 3660 has a total call value of 2,674,601,500,000 versus a total put value of 0 Combined total value = 2,674,601,500,000
Strike 3680 has a total call value of 2,769,901,000,000 versus a total put value of 0 Combined total value = 2,769,901,000,000
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.