RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
03 Dec 2024 04:12 PM IST
Max Pain for RELIANCE is 1310
Strike 1020 has a total call value of 0 versus a total put value of 1,470,497,500,000 Combined total value = 1,470,497,500,000
Strike 1030 has a total call value of 0 versus a total put value of 1,419,366,500,000 Combined total value = 1,419,366,500,000
Strike 1040 has a total call value of 0 versus a total put value of 1,368,235,500,000 Combined total value = 1,368,235,500,000
Strike 1050 has a total call value of 0 versus a total put value of 1,317,377,500,000 Combined total value = 1,317,377,500,000
Strike 1060 has a total call value of 0 versus a total put value of 1,266,519,500,000 Combined total value = 1,266,519,500,000
Strike 1070 has a total call value of 0 versus a total put value of 1,215,692,000,000 Combined total value = 1,215,692,000,000
Strike 1080 has a total call value of 0 versus a total put value of 1,164,864,500,000 Combined total value = 1,164,864,500,000
Strike 1090 has a total call value of 0 versus a total put value of 1,114,167,000,000 Combined total value = 1,114,167,000,000
Strike 1100 has a total call value of 0 versus a total put value of 1,063,469,500,000 Combined total value = 1,063,469,500,000
Strike 1110 has a total call value of 47,000,000 versus a total put value of 1,013,779,000,000 Combined total value = 1,013,826,000,000
Strike 1120 has a total call value of 94,000,000 versus a total put value of 964,151,000,000 Combined total value = 964,245,000,000
Strike 1130 has a total call value of 141,000,000 versus a total put value of 914,663,500,000 Combined total value = 914,804,500,000
Strike 1140 has a total call value of 188,000,000 versus a total put value of 865,203,000,000 Combined total value = 865,391,000,000
Strike 1150 has a total call value of 235,000,000 versus a total put value of 815,986,500,000 Combined total value = 816,221,500,000
Strike 1160 has a total call value of 343,000,000 versus a total put value of 767,447,000,000 Combined total value = 767,790,000,000
Strike 1170 has a total call value of 451,000,000 versus a total put value of 719,332,000,000 Combined total value = 719,783,000,000
Strike 1180 has a total call value of 559,000,000 versus a total put value of 671,628,000,000 Combined total value = 672,187,000,000
Strike 1190 has a total call value of 667,000,000 versus a total put value of 624,911,000,000 Combined total value = 625,578,000,000
Strike 1200 has a total call value of 820,500,000 versus a total put value of 578,581,500,000 Combined total value = 579,402,000,000
Strike 1210 has a total call value of 1,662,500,000 versus a total put value of 535,658,500,000 Combined total value = 537,321,000,000
Strike 1220 has a total call value of 2,527,500,000 versus a total put value of 493,025,500,000 Combined total value = 495,553,000,000
Strike 1230 has a total call value of 3,528,500,000 versus a total put value of 451,475,000,000 Combined total value = 455,003,500,000
Strike 1240 has a total call value of 4,641,500,000 versus a total put value of 410,655,500,000 Combined total value = 415,297,000,000
Strike 1250 has a total call value of 6,116,500,000 versus a total put value of 370,992,500,000 Combined total value = 377,109,000,000
Strike 1260 has a total call value of 8,836,500,000 versus a total put value of 334,619,500,000 Combined total value = 343,456,000,000
Strike 1270 has a total call value of 12,332,500,000 versus a total put value of 299,717,000,000 Combined total value = 312,049,500,000
Strike 1280 has a total call value of 16,217,500,000 versus a total put value of 266,000,500,000 Combined total value = 282,218,000,000
Strike 1290 has a total call value of 20,917,000,000 versus a total put value of 234,294,500,000 Combined total value = 255,211,500,000
Strike 1300 has a total call value of 26,731,500,000 versus a total put value of 204,030,000,000 Combined total value = 230,761,500,000
Strike 1310 has a total call value of 41,442,500,000 versus a total put value of 184,039,000,000 Combined total value = 225,481,500,000
Strike 1320 has a total call value of 60,441,500,000 versus a total put value of 165,172,000,000 Combined total value = 225,613,500,000
Strike 1330 has a total call value of 82,793,500,000 versus a total put value of 147,960,000,000 Combined total value = 230,753,500,000
Strike 1340 has a total call value of 107,443,500,000 versus a total put value of 131,575,000,000 Combined total value = 239,018,500,000
Strike 1350 has a total call value of 134,767,000,000 versus a total put value of 116,177,500,000 Combined total value = 250,944,500,000
Strike 1360 has a total call value of 167,117,500,000 versus a total put value of 104,703,000,000 Combined total value = 271,820,500,000
Strike 1370 has a total call value of 201,019,500,000 versus a total put value of 93,762,500,000 Combined total value = 294,782,000,000
Strike 1380 has a total call value of 235,781,500,000 versus a total put value of 82,968,000,000 Combined total value = 318,749,500,000
Strike 1390 has a total call value of 271,960,500,000 versus a total put value of 72,340,000,000 Combined total value = 344,300,500,000
Strike 1400 has a total call value of 309,081,000,000 versus a total put value of 61,846,000,000 Combined total value = 370,927,000,000
Strike 1410 has a total call value of 355,135,500,000 versus a total put value of 54,865,000,000 Combined total value = 410,000,500,000
Strike 1420 has a total call value of 401,931,500,000 versus a total put value of 47,900,500,000 Combined total value = 449,832,000,000
Strike 1430 has a total call value of 449,598,500,000 versus a total put value of 41,070,000,000 Combined total value = 490,668,500,000
Strike 1440 has a total call value of 497,770,500,000 versus a total put value of 34,353,000,000 Combined total value = 532,123,500,000
Strike 1450 has a total call value of 546,675,500,000 versus a total put value of 27,678,000,000 Combined total value = 574,353,500,000
Strike 1460 has a total call value of 597,084,000,000 versus a total put value of 22,352,000,000 Combined total value = 619,436,000,000
Strike 1470 has a total call value of 647,941,000,000 versus a total put value of 17,159,500,000 Combined total value = 665,100,500,000
Strike 1480 has a total call value of 698,798,000,000 versus a total put value of 11,967,000,000 Combined total value = 710,765,000,000
Strike 1490 has a total call value of 749,854,000,000 versus a total put value of 6,898,000,000 Combined total value = 756,752,000,000
Strike 1500 has a total call value of 800,910,000,000 versus a total put value of 1,829,000,000 Combined total value = 802,739,000,000
Strike 1510 has a total call value of 856,954,500,000 versus a total put value of 914,500,000 Combined total value = 857,869,000,000
Strike 1520 has a total call value of 912,999,000,000 versus a total put value of 0 Combined total value = 912,999,000,000
Strike 1530 has a total call value of 969,667,000,000 versus a total put value of 0 Combined total value = 969,667,000,000
Strike 1540 has a total call value of 1,026,335,000,000 versus a total put value of 0 Combined total value = 1,026,335,000,000
Strike 1550 has a total call value of 1,083,003,000,000 versus a total put value of 0 Combined total value = 1,083,003,000,000
Strike 1560 has a total call value of 1,139,671,000,000 versus a total put value of 0 Combined total value = 1,139,671,000,000
Strike 1570 has a total call value of 1,196,339,000,000 versus a total put value of 0 Combined total value = 1,196,339,000,000
Strike 1580 has a total call value of 1,253,007,000,000 versus a total put value of 0 Combined total value = 1,253,007,000,000
Strike 1590 has a total call value of 1,309,696,500,000 versus a total put value of 0 Combined total value = 1,309,696,500,000
Strike 1600 has a total call value of 1,366,386,000,000 versus a total put value of 0 Combined total value = 1,366,386,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.1 | 460 |
| ABB | 7537.55 | 7500 |
| ABBOTINDIA | 28441.05 | 28000 |
| ABCAPITAL | 199.47 | 200 |
| ABFRL | 316.3 | 320 |
| ACC | 2291.7 | 2300 |
| ADANIENSOL | 801.85 | 800 |
| ADANIENT | 2514.2 | 2540 |
| ADANIGREEN | 1312.8 | 1300 |
| ADANIPORTS | 1288.65 | 1240 |
| ALKEM | 5637.35 | 5600 |
| AMBUJACEM | 566.55 | 550 |
| ANGELONE | 3077.05 | 3000 |
| APLAPOLLO | 1556.8 | 1500 |
| APOLLOHOSP | 7126.55 | 7000 |
| APOLLOTYRE | 521.45 | 510 |
| ASHOKLEY | 235.18 | 230 |
| ASIANPAINT | 2469.4 | 2500 |
| ASTRAL | 1845.7 | 1840 |
| ATGL | 766.25 | 780 |
| ATUL | 7396.45 | 7300 |
| AUBANK | 594.85 | 590 |
| AUROPHARMA | 1264.3 | 1260 |
| AXISBANK | 1160.5 | 1150 |
| BAJAJ-AUTO | 9161.8 | 9200 |
| BAJAJFINSV | 1607.1 | 1600 |
| BAJFINANCE | 6675.45 | 6800 |
| BALKRISIND | 2842.2 | 2800 |
| BANDHANBNK | 175.27 | 175 |
| BANKBARODA | 254.55 | 250 |
| BANKINDIA | 114.02 | 110 |
| BATAINDIA | 1425.9 | 1400 |
| BEL | 312.1 | 305 |
| BERGEPAINT | 482.15 | 490 |
| BHARATFORG | 1350.4 | 1340 |
| BHARTIARTL | 1620.55 | 1600 |
| BHEL | 252.35 | 250 |
| BIOCON | 373.85 | 365 |
| BOSCHLTD | 34923.7 | 35000 |
| BPCL | 294.25 | 295 |
| BRITANNIA | 4909.6 | 4950 |
| BSE | 4513.8 | 4600 |
| BSOFT | 601.45 | 600 |
| CAMS | 5120.2 | 5000 |
| CANBK | 105.12 | 104 |
| CANFINHOME | 834.6 | 830 |
| CDSL | 1663.9 | 1660 |
| CESC | 184.28 | 180 |
| CGPOWER | 761.3 | 750 |
| CHAMBLFERT | 525.1 | 510 |
| CHOLAFIN | 1253.65 | 1260 |
| CIPLA | 1533.9 | 1540 |
| COALINDIA | 422.1 | 420 |
| COFORGE | 8718.25 | 8600 |
| COLPAL | 2896.25 | 2900 |
| CONCOR | 839.85 | 840 |
| COROMANDEL | 1777.5 | 1780 |
| CROMPTON | 409.15 | 410 |
| CUB | 182.9 | 180 |
| CUMMINSIND | 3512.3 | 3500 |
| CYIENT | 1876.6 | 1600 |
| DABUR | 522.55 | 530 |
| DALBHARAT | 1930.8 | 1880 |
| DEEPAKNTR | 2627 | 2700 |
| DELHIVERY | 341.15 | 340 |
| DIVISLAB | 6210.55 | 6150 |
| DIXON | 16866.45 | 16000 |
| DLF | 846.95 | 830 |
| DMART | 3829.85 | 3750 |
| DRREDDY | 1224.5 | 1220 |
| EICHERMOT | 4844.35 | 4900 |
| ESCORTS | 3517.05 | 3600 |
| EXIDEIND | 455.55 | 450 |
| FEDERALBNK | 209.96 | 210 |
| GAIL | 199.99 | 200 |
| GLENMARK | 1559.4 | 1540 |
| GMRINFRA | 83.61 | 84 |
| GNFC | 637.15 | 640 |
| GODREJCP | 1230.45 | 1240 |
| GODREJPROP | 2862.55 | 2850 |
| GRANULES | 534.15 | 560 |
| GRASIM | 2714 | 2640 |
| GUJGASLTD | 497.8 | 480 |
| HAL | 4518.85 | 4500 |
| HAVELLS | 1757.2 | 1740 |
| HCLTECH | 1890.75 | 1880 |
| HDFCAMC | 4258.3 | 4250 |
| HDFCBANK | 1826.3 | 1800 |
| HDFCLIFE | 634 | 650 |
| HEROMOTOCO | 4697 | 4800 |
| HFCL | 130.18 | 130 |
| HINDALCO | 667.55 | 660 |
| HINDCOPPER | 284.7 | 280 |
| HINDPETRO | 384.55 | 385 |
| HINDUNILVR | 2482.85 | 2500 |
| HUDCO | 235.54 | 230 |
| ICICIBANK | 1308.4 | 1300 |
| ICICIGI | 1896.35 | 1900 |
| ICICIPRULI | 684.2 | 700 |
| IDEA | 8.21 | 8 |
| IDFCFIRSTB | 65.2 | 65 |
| IEX | 178.1 | 177.5 |
| IGL | 361.25 | 340 |
| INDHOTEL | 806.65 | 790 |
| INDIAMART | 2357.55 | 2350 |
| INDIANB | 579.9 | 580 |
| INDIGO | 4405.5 | 4400 |
| INDUSINDBK | 998.35 | 1000 |
| INDUSTOWER | 353.9 | 350 |
| INFY | 1892.1 | 1900 |
| IOC | 139.51 | 140 |
| IPCALAB | 1502.75 | 1540 |
| IRB | 55.04 | 53 |
| IRCTC | 831.85 | 830 |
| IRFC | 148.2 | 147.5 |
| ITC | 472.55 | 475 |
| JINDALSTEL | 925.8 | 910 |
| JIOFIN | 340.35 | 330 |
| JKCEMENT | 4647.4 | 4500 |
| JSL | 716.05 | 700 |
| JSWENERGY | 642.95 | 650 |
| JSWSTEEL | 998.8 | 980 |
| JUBLFOOD | 657.05 | 650 |
| KALYANKJIL | 726.85 | 720 |
| KEI | 4340.25 | 4300 |
| KOTAKBANK | 1749.9 | 1780 |
| KPITTECH | 1430.7 | 1400 |
| LALPATHLAB | 2972.9 | 3050 |
| LAURUSLABS | 580.7 | 560 |
| LICHSGFIN | 635.35 | 640 |
| LICI | 969.75 | 980 |
| LODHA | 1296.3 | 1300 |
| LT | 3787.05 | 3700 |
| LTF | 145.62 | 145 |
| LTIM | 6167 | 6200 |
| LTTS | 5316.55 | 5300 |
| LUPIN | 2081.65 | 2060 |
| M&M | 3027.3 | 3000 |
| M&MFIN | 285.3 | 280 |
| MANAPPURAM | 164.19 | 162.5 |
| MARICO | 641.7 | 640 |
| MARUTI | 11279.25 | 11200 |
| MAXHEALTH | 1034.35 | 1000 |
| MCX | 6216.5 | 6200 |
| METROPOLIS | 2076.35 | 2100 |
| MFSL | 1142.35 | 1140 |
| MGL | 1278.25 | 1240 |
| MOTHERSON | 166.2 | 167.5 |
| MPHASIS | 3018.95 | 3000 |
| MRF | 125585.05 | 125000 |
| MUTHOOTFIN | 1932.8 | 1920 |
| NATIONALUM | 246.87 | 242.5 |
| NAUKRI | 8472.5 | 8300 |
| NAVINFLUOR | 3586.85 | 3550 |
| NCC | 314.5 | 310 |
| NESTLEIND | 2261.7 | 2300 |
| NHPC | 81.98 | 81 |
| NMDC | 235.68 | 235 |
| NTPC | 367.45 | 365 |
| NYKAA | 171.88 | 170 |
| OBEROIRLTY | 2060.35 | 2000 |
| OFSS | 12524.85 | 12000 |
| OIL | 490.3 | 480 |
| ONGC | 262.35 | 259 |
| PAGEIND | 46143.25 | 45500 |
| PAYTM | 902.6 | 900 |
| PEL | 1236.5 | 1200 |
| PERSISTENT | 6041.3 | 6000 |
| PETRONET | 339.3 | 333 |
| PFC | 501.15 | 490 |
| PIDILITIND | 3149 | 3100 |
| PIIND | 4138.1 | 4100 |
| PNB | 107.97 | 106 |
| POLICYBZR | 1926.25 | 1800 |
| POLYCAB | 7412.5 | 7200 |
| POONAWALLA | 348.55 | 350 |
| POWERGRID | 329.65 | 330 |
| PRESTIGE | 1724.15 | 1700 |
| PVRINOX | 1598.3 | 1560 |
| RAMCOCEM | 1040.1 | 1000 |
| RBLBANK | 162.71 | 155 |
| RECLTD | 539.7 | 530 |
| RELIANCE | 1323.3 | 1310 |
| SAIL | 122.79 | 120 |
| SBICARD | 704.4 | 700 |
| SBILIFE | 1440.95 | 1440 |
| SBIN | 853.95 | 840 |
| SHREECEM | 27159.35 | 26750 |
| SHRIRAMFIN | 3155.55 | 3100 |
| SIEMENS | 7731 | 7500 |
| SJVN | 117.03 | 115 |
| SONACOMS | 672.7 | 680 |
| SRF | 2311.25 | 2300 |
| SUNPHARMA | 1800.05 | 1800 |
| SUNTV | 774.5 | 760 |
| SUPREMEIND | 4763 | 4600 |
| SYNGENE | 934.85 | 930 |
| TATACHEM | 1136.4 | 1120 |
| TATACOMM | 1807.9 | 1800 |
| TATACONSUM | 955 | 960 |
| TATAELXSI | 7098.55 | 7000 |
| TATAMOTORS | 801.25 | 800 |
| TATAPOWER | 428.55 | 425 |
| TATASTEEL | 146.54 | 150 |
| TCS | 4302.75 | 4300 |
| TECHM | 1749.5 | 1740 |
| TIINDIA | 3620.15 | 3600 |
| TITAN | 3332.75 | 3300 |
| TORNTPHARM | 3363.1 | 3300 |
| TRENT | 6841.35 | 6800 |
| TVSMOTOR | 2556.2 | 2500 |
| UBL | 1955.85 | 1940 |
| ULTRACEMCO | 11852.35 | 11500 |
| UNIONBANK | 126.06 | 124 |
| UNITDSPR | 1542.95 | 1500 |
| UPL | 563.1 | 556.35 |
| VBL | 621.1 | 610 |
| VEDL | 468.35 | 460 |
| VOLTAS | 1688.15 | 1700 |
| WIPRO | 291.65 | 290 |
| YESBANK | 20.84 | 20 |
| ZOMATO | 279.85 | 270 |
| ZYDUSLIFE | 982.1 | 980 |
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.
