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RELIANCE
RELIANCE INDUSTRIES LTD

2971.7 -14.00 (-0.47%)


Strike  2440  has a total call value of 0  versus a total put value of  252,234,000,000 Combined total value = 252,234,000,000

Strike  2460  has a total call value of 11,500,000  versus a total put value of  241,227,000,000 Combined total value = 241,238,500,000

Strike  2480  has a total call value of 23,000,000  versus a total put value of  230,220,000,000 Combined total value = 230,243,000,000

Strike  2500  has a total call value of 34,500,000  versus a total put value of  219,213,000,000 Combined total value = 219,247,500,000

Strike  2520  has a total call value of 46,000,000  versus a total put value of  208,206,000,000 Combined total value = 208,252,000,000

Strike  2540  has a total call value of 69,000,000  versus a total put value of  197,215,000,000 Combined total value = 197,284,000,000

Strike  2560  has a total call value of 92,000,000  versus a total put value of  186,224,000,000 Combined total value = 186,316,000,000

Strike  2580  has a total call value of 117,500,000  versus a total put value of  175,253,000,000 Combined total value = 175,370,500,000

Strike  2600  has a total call value of 143,000,000  versus a total put value of  164,282,000,000 Combined total value = 164,425,000,000

Strike  2620  has a total call value of 257,500,000  versus a total put value of  153,671,500,000 Combined total value = 153,929,000,000

Strike  2640  has a total call value of 372,000,000  versus a total put value of  143,061,000,000 Combined total value = 143,433,000,000

Strike  2660  has a total call value of 486,500,000  versus a total put value of  132,465,500,000 Combined total value = 132,952,000,000

Strike  2680  has a total call value of 601,000,000  versus a total put value of  121,878,500,000 Combined total value = 122,479,500,000

Strike  2700  has a total call value of 715,500,000  versus a total put value of  111,297,000,000 Combined total value = 112,012,500,000

Strike  2720  has a total call value of 928,500,000  versus a total put value of  101,564,000,000 Combined total value = 102,492,500,000

Strike  2740  has a total call value of 1,141,500,000  versus a total put value of  91,857,500,000 Combined total value = 92,999,000,000

Strike  2760  has a total call value of 1,354,500,000  versus a total put value of  82,275,000,000 Combined total value = 83,629,500,000

Strike  2780  has a total call value of 1,567,500,000  versus a total put value of  72,785,500,000 Combined total value = 74,353,000,000

Strike  2800  has a total call value of 1,780,500,000  versus a total put value of  63,474,500,000 Combined total value = 65,255,000,000

Strike  2820  has a total call value of 2,430,500,000  versus a total put value of  55,393,000,000 Combined total value = 57,823,500,000

Strike  2840  has a total call value of 3,080,500,000  versus a total put value of  47,443,000,000 Combined total value = 50,523,500,000

Strike  2860  has a total call value of 3,830,500,000  versus a total put value of  39,907,000,000 Combined total value = 43,737,500,000

Strike  2880  has a total call value of 4,628,500,000  versus a total put value of  32,773,500,000 Combined total value = 37,402,000,000

Strike  2900  has a total call value of 5,553,000,000  versus a total put value of  26,031,500,000 Combined total value = 31,584,500,000

Strike  2920  has a total call value of 7,551,000,000  versus a total put value of  21,190,000,000 Combined total value = 28,741,000,000

Strike  2940  has a total call value of 9,709,500,000  versus a total put value of  16,901,000,000 Combined total value = 26,610,500,000

Strike  2960  has a total call value of 12,022,500,000  versus a total put value of  13,227,000,000 Combined total value = 25,249,500,000

Strike  2980  has a total call value of 14,592,000,000  versus a total put value of  9,973,000,000 Combined total value = 24,565,000,000

Strike  3000  has a total call value of 17,514,000,000  versus a total put value of  7,023,000,000 Combined total value = 24,537,000,000

Strike  3020  has a total call value of 25,464,500,000  versus a total put value of  5,467,000,000 Combined total value = 30,931,500,000

Strike  3040  has a total call value of 34,046,000,000  versus a total put value of  4,352,500,000 Combined total value = 38,398,500,000

Strike  3060  has a total call value of 43,058,000,000  versus a total put value of  3,371,000,000 Combined total value = 46,429,000,000

Strike  3080  has a total call value of 52,431,000,000  versus a total put value of  2,532,500,000 Combined total value = 54,963,500,000

Strike  3100  has a total call value of 62,055,000,000  versus a total put value of  1,755,500,000 Combined total value = 63,810,500,000

Strike  3120  has a total call value of 73,900,000,000  versus a total put value of  1,422,000,000 Combined total value = 75,322,000,000

Strike  3140  has a total call value of 85,924,500,000  versus a total put value of  1,124,000,000 Combined total value = 87,048,500,000

Strike  3160  has a total call value of 98,138,500,000  versus a total put value of  826,000,000 Combined total value = 98,964,500,000

Strike  3180  has a total call value of 110,581,000,000  versus a total put value of  528,000,000 Combined total value = 111,109,000,000

Strike  3200  has a total call value of 123,139,500,000  versus a total put value of  230,000,000 Combined total value = 123,369,500,000

Strike  3220  has a total call value of 137,521,500,000  versus a total put value of  171,500,000 Combined total value = 137,693,000,000

Strike  3240  has a total call value of 152,042,000,000  versus a total put value of  113,000,000 Combined total value = 152,155,000,000

Strike  3260  has a total call value of 166,673,000,000  versus a total put value of  97,000,000 Combined total value = 166,770,000,000

Strike  3280  has a total call value of 181,512,000,000  versus a total put value of  82,000,000 Combined total value = 181,594,000,000

Strike  3300  has a total call value of 196,682,500,000  versus a total put value of  67,000,000 Combined total value = 196,749,500,000

Strike  3320  has a total call value of 211,853,000,000  versus a total put value of  52,000,000 Combined total value = 211,905,000,000

Strike  3340  has a total call value of 227,163,500,000  versus a total put value of  39,000,000 Combined total value = 227,202,500,000

Strike  3360  has a total call value of 242,474,000,000  versus a total put value of  26,000,000 Combined total value = 242,500,000,000

Strike  3380  has a total call value of 257,923,500,000  versus a total put value of  13,000,000 Combined total value = 257,936,500,000

Strike  3400  has a total call value of 273,373,000,000  versus a total put value of  0 Combined total value = 273,373,000,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.