RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
12 Nov 2024 04:12 PM IST
Max Pain for RELIANCE is 1320
Strike 1100 has a total call value of 0 versus a total put value of 1,194,779,500,000 Combined total value = 1,194,779,500,000
Strike 1110 has a total call value of 4,500,000 versus a total put value of 1,145,225,500,000 Combined total value = 1,145,230,000,000
Strike 1120 has a total call value of 9,000,000 versus a total put value of 1,095,671,500,000 Combined total value = 1,095,680,500,000
Strike 1130 has a total call value of 13,500,000 versus a total put value of 1,046,274,000,000 Combined total value = 1,046,287,500,000
Strike 1140 has a total call value of 18,000,000 versus a total put value of 996,876,500,000 Combined total value = 996,894,500,000
Strike 1150 has a total call value of 22,500,000 versus a total put value of 947,709,500,000 Combined total value = 947,732,000,000
Strike 1160 has a total call value of 27,000,000 versus a total put value of 898,542,500,000 Combined total value = 898,569,500,000
Strike 1170 has a total call value of 31,500,000 versus a total put value of 850,307,500,000 Combined total value = 850,339,000,000
Strike 1180 has a total call value of 36,000,000 versus a total put value of 802,169,500,000 Combined total value = 802,205,500,000
Strike 1190 has a total call value of 40,500,000 versus a total put value of 754,786,500,000 Combined total value = 754,827,000,000
Strike 1200 has a total call value of 45,000,000 versus a total put value of 707,655,000,000 Combined total value = 707,700,000,000
Strike 1210 has a total call value of 386,000,000 versus a total put value of 664,348,000,000 Combined total value = 664,734,000,000
Strike 1220 has a total call value of 761,500,000 versus a total put value of 621,442,000,000 Combined total value = 622,203,500,000
Strike 1230 has a total call value of 1,170,000,000 versus a total put value of 579,365,000,000 Combined total value = 580,535,000,000
Strike 1240 has a total call value of 1,619,000,000 versus a total put value of 537,971,500,000 Combined total value = 539,590,500,000
Strike 1250 has a total call value of 2,395,500,000 versus a total put value of 498,075,000,000 Combined total value = 500,470,500,000
Strike 1260 has a total call value of 4,302,000,000 versus a total put value of 460,548,500,000 Combined total value = 464,850,500,000
Strike 1270 has a total call value of 6,958,000,000 versus a total put value of 424,271,500,000 Combined total value = 431,229,500,000
Strike 1280 has a total call value of 10,498,500,000 versus a total put value of 388,999,500,000 Combined total value = 399,498,000,000
Strike 1290 has a total call value of 17,011,000,000 versus a total put value of 355,943,500,000 Combined total value = 372,954,500,000
Strike 1300 has a total call value of 27,073,000,000 versus a total put value of 324,365,000,000 Combined total value = 351,438,000,000
Strike 1310 has a total call value of 46,672,000,000 versus a total put value of 297,182,500,000 Combined total value = 343,854,500,000
Strike 1320 has a total call value of 70,237,000,000 versus a total put value of 270,999,500,000 Combined total value = 341,236,500,000
Strike 1330 has a total call value of 98,358,000,000 versus a total put value of 246,128,500,000 Combined total value = 344,486,500,000
Strike 1340 has a total call value of 130,564,500,000 versus a total put value of 222,310,000,000 Combined total value = 352,874,500,000
Strike 1350 has a total call value of 167,837,000,000 versus a total put value of 199,987,500,000 Combined total value = 367,824,500,000
Strike 1360 has a total call value of 216,277,500,000 versus a total put value of 181,634,000,000 Combined total value = 397,911,500,000
Strike 1370 has a total call value of 268,058,500,000 versus a total put value of 163,987,000,000 Combined total value = 432,045,500,000
Strike 1380 has a total call value of 321,346,000,000 versus a total put value of 146,849,000,000 Combined total value = 468,195,000,000
Strike 1390 has a total call value of 377,144,500,000 versus a total put value of 130,081,000,000 Combined total value = 507,225,500,000
Strike 1400 has a total call value of 433,839,000,000 versus a total put value of 113,667,000,000 Combined total value = 547,506,000,000
Strike 1410 has a total call value of 503,069,500,000 versus a total put value of 100,540,500,000 Combined total value = 603,610,000,000
Strike 1420 has a total call value of 573,157,500,000 versus a total put value of 87,501,000,000 Combined total value = 660,658,500,000
Strike 1430 has a total call value of 644,470,500,000 versus a total put value of 75,034,500,000 Combined total value = 719,505,000,000
Strike 1440 has a total call value of 716,483,000,000 versus a total put value of 63,098,500,000 Combined total value = 779,581,500,000
Strike 1450 has a total call value of 789,472,500,000 versus a total put value of 51,162,500,000 Combined total value = 840,635,000,000
Strike 1460 has a total call value of 867,786,000,000 versus a total put value of 44,251,000,000 Combined total value = 912,037,000,000
Strike 1470 has a total call value of 946,460,500,000 versus a total put value of 37,339,500,000 Combined total value = 983,800,000,000
Strike 1480 has a total call value of 1,025,535,000,000 versus a total put value of 30,567,500,000 Combined total value = 1,056,102,500,000
Strike 1490 has a total call value of 1,104,981,000,000 versus a total put value of 23,795,500,000 Combined total value = 1,128,776,500,000
Strike 1500 has a total call value of 1,184,720,500,000 versus a total put value of 17,135,000,000 Combined total value = 1,201,855,500,000
Strike 1510 has a total call value of 1,272,847,500,000 versus a total put value of 15,124,500,000 Combined total value = 1,287,972,000,000
Strike 1520 has a total call value of 1,361,123,500,000 versus a total put value of 13,114,000,000 Combined total value = 1,374,237,500,000
Strike 1530 has a total call value of 1,449,564,000,000 versus a total put value of 11,103,500,000 Combined total value = 1,460,667,500,000
Strike 1540 has a total call value of 1,538,086,000,000 versus a total put value of 9,093,000,000 Combined total value = 1,547,179,000,000
Strike 1550 has a total call value of 1,626,677,000,000 versus a total put value of 7,082,500,000 Combined total value = 1,633,759,500,000
Strike 1560 has a total call value of 1,716,509,500,000 versus a total put value of 6,199,000,000 Combined total value = 1,722,708,500,000
Strike 1570 has a total call value of 1,806,405,500,000 versus a total put value of 5,315,500,000 Combined total value = 1,811,721,000,000
Strike 1580 has a total call value of 1,896,301,500,000 versus a total put value of 4,432,000,000 Combined total value = 1,900,733,500,000
Strike 1590 has a total call value of 1,986,197,500,000 versus a total put value of 3,548,500,000 Combined total value = 1,989,746,000,000
Strike 1600 has a total call value of 2,076,093,500,000 versus a total put value of 2,665,000,000 Combined total value = 2,078,758,500,000
Strike 1610 has a total call value of 2,167,315,500,000 versus a total put value of 2,398,500,000 Combined total value = 2,169,714,000,000
Strike 1620 has a total call value of 2,258,555,000,000 versus a total put value of 2,132,000,000 Combined total value = 2,260,687,000,000
Strike 1630 has a total call value of 2,349,794,500,000 versus a total put value of 1,865,500,000 Combined total value = 2,351,660,000,000
Strike 1640 has a total call value of 2,441,034,000,000 versus a total put value of 1,599,000,000 Combined total value = 2,442,633,000,000
Strike 1650 has a total call value of 2,532,273,500,000 versus a total put value of 1,332,500,000 Combined total value = 2,533,606,000,000
Strike 1660 has a total call value of 2,623,624,500,000 versus a total put value of 1,066,000,000 Combined total value = 2,624,690,500,000
Strike 1670 has a total call value of 2,714,976,500,000 versus a total put value of 799,500,000 Combined total value = 2,715,776,000,000
Strike 1680 has a total call value of 2,806,328,500,000 versus a total put value of 533,000,000 Combined total value = 2,806,861,500,000
Strike 1690 has a total call value of 2,897,745,500,000 versus a total put value of 266,500,000 Combined total value = 2,898,012,000,000
Strike 1700 has a total call value of 2,989,162,500,000 versus a total put value of 0 Combined total value = 2,989,162,500,000
Strike 1710 has a total call value of 3,080,847,000,000 versus a total put value of 0 Combined total value = 3,080,847,000,000
Strike 1720 has a total call value of 3,172,531,500,000 versus a total put value of 0 Combined total value = 3,172,531,500,000
Strike 1730 has a total call value of 3,264,216,000,000 versus a total put value of 0 Combined total value = 3,264,216,000,000
Strike 1740 has a total call value of 3,355,900,500,000 versus a total put value of 0 Combined total value = 3,355,900,500,000
Strike 1750 has a total call value of 3,447,585,000,000 versus a total put value of 0 Combined total value = 3,447,585,000,000
Strike 1760 has a total call value of 3,539,269,500,000 versus a total put value of 0 Combined total value = 3,539,269,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
