RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
16 Jun 2025 01:01 PM ISTNext Refresh in
Max Pain for RELIANCE is 1440
Strike 960 has a total call value of 0 versus a total put value of 1,328,759,000,000 Combined total value = 1,328,759,000,000
Strike 970 has a total call value of 0 versus a total put value of 1,298,610,500,000 Combined total value = 1,298,610,500,000
Strike 980 has a total call value of 0 versus a total put value of 1,268,462,000,000 Combined total value = 1,268,462,000,000
Strike 990 has a total call value of 0 versus a total put value of 1,238,313,500,000 Combined total value = 1,238,313,500,000
Strike 1000 has a total call value of 0 versus a total put value of 1,208,165,000,000 Combined total value = 1,208,165,000,000
Strike 1010 has a total call value of 0 versus a total put value of 1,178,113,000,000 Combined total value = 1,178,113,000,000
Strike 1020 has a total call value of 0 versus a total put value of 1,148,061,000,000 Combined total value = 1,148,061,000,000
Strike 1030 has a total call value of 0 versus a total put value of 1,118,009,000,000 Combined total value = 1,118,009,000,000
Strike 1040 has a total call value of 0 versus a total put value of 1,087,957,000,000 Combined total value = 1,087,957,000,000
Strike 1050 has a total call value of 0 versus a total put value of 1,057,905,000,000 Combined total value = 1,057,905,000,000
Strike 1060 has a total call value of 0 versus a total put value of 1,027,853,000,000 Combined total value = 1,027,853,000,000
Strike 1070 has a total call value of 0 versus a total put value of 997,856,500,000 Combined total value = 997,856,500,000
Strike 1080 has a total call value of 0 versus a total put value of 967,860,000,000 Combined total value = 967,860,000,000
Strike 1090 has a total call value of 0 versus a total put value of 937,871,000,000 Combined total value = 937,871,000,000
Strike 1100 has a total call value of 0 versus a total put value of 907,882,000,000 Combined total value = 907,882,000,000
Strike 1110 has a total call value of 0 versus a total put value of 877,893,000,000 Combined total value = 877,893,000,000
Strike 1120 has a total call value of 0 versus a total put value of 847,904,000,000 Combined total value = 847,904,000,000
Strike 1130 has a total call value of 42,000,000 versus a total put value of 817,959,000,000 Combined total value = 818,001,000,000
Strike 1140 has a total call value of 84,000,000 versus a total put value of 788,014,000,000 Combined total value = 788,098,000,000
Strike 1150 has a total call value of 126,000,000 versus a total put value of 758,115,500,000 Combined total value = 758,241,500,000
Strike 1160 has a total call value of 168,000,000 versus a total put value of 728,217,000,000 Combined total value = 728,385,000,000
Strike 1170 has a total call value of 210,000,000 versus a total put value of 698,387,000,000 Combined total value = 698,597,000,000
Strike 1180 has a total call value of 252,000,000 versus a total put value of 668,557,000,000 Combined total value = 668,809,000,000
Strike 1190 has a total call value of 294,000,000 versus a total put value of 638,747,500,000 Combined total value = 639,041,500,000
Strike 1200 has a total call value of 336,000,000 versus a total put value of 608,938,000,000 Combined total value = 609,274,000,000
Strike 1210 has a total call value of 704,000,000 versus a total put value of 579,763,000,000 Combined total value = 580,467,000,000
Strike 1220 has a total call value of 1,072,000,000 versus a total put value of 550,588,000,000 Combined total value = 551,660,000,000
Strike 1230 has a total call value of 1,440,000,000 versus a total put value of 521,448,500,000 Combined total value = 522,888,500,000
Strike 1240 has a total call value of 1,808,000,000 versus a total put value of 492,318,000,000 Combined total value = 494,126,000,000
Strike 1250 has a total call value of 2,176,000,000 versus a total put value of 463,502,000,000 Combined total value = 465,678,000,000
Strike 1260 has a total call value of 2,544,000,000 versus a total put value of 434,951,000,000 Combined total value = 437,495,000,000
Strike 1270 has a total call value of 2,912,000,000 versus a total put value of 406,506,500,000 Combined total value = 409,418,500,000
Strike 1280 has a total call value of 3,280,000,000 versus a total put value of 378,270,500,000 Combined total value = 381,550,500,000
Strike 1290 has a total call value of 3,648,000,000 versus a total put value of 350,545,500,000 Combined total value = 354,193,500,000
Strike 1300 has a total call value of 4,016,000,000 versus a total put value of 323,066,500,000 Combined total value = 327,082,500,000
Strike 1310 has a total call value of 4,700,500,000 versus a total put value of 297,995,000,000 Combined total value = 302,695,500,000
Strike 1320 has a total call value of 5,385,000,000 versus a total put value of 273,088,000,000 Combined total value = 278,473,000,000
Strike 1330 has a total call value of 6,115,000,000 versus a total put value of 248,954,500,000 Combined total value = 255,069,500,000
Strike 1340 has a total call value of 6,874,000,000 versus a total put value of 225,104,000,000 Combined total value = 231,978,000,000
Strike 1350 has a total call value of 7,633,000,000 versus a total put value of 201,844,500,000 Combined total value = 209,477,500,000
Strike 1360 has a total call value of 8,644,500,000 versus a total put value of 179,705,500,000 Combined total value = 188,350,000,000
Strike 1370 has a total call value of 9,861,500,000 versus a total put value of 158,164,500,000 Combined total value = 168,026,000,000
Strike 1380 has a total call value of 11,158,000,000 versus a total put value of 137,033,500,000 Combined total value = 148,191,500,000
Strike 1390 has a total call value of 12,640,000,000 versus a total put value of 117,267,000,000 Combined total value = 129,907,000,000
Strike 1400 has a total call value of 14,311,500,000 versus a total put value of 98,044,500,000 Combined total value = 112,356,000,000
Strike 1410 has a total call value of 17,953,000,000 versus a total put value of 81,599,000,000 Combined total value = 99,552,000,000
Strike 1420 has a total call value of 22,392,500,000 versus a total put value of 66,674,500,000 Combined total value = 89,067,000,000
Strike 1430 has a total call value of 29,081,500,000 versus a total put value of 54,441,000,000 Combined total value = 83,522,500,000
Strike 1440 has a total call value of 37,454,000,000 versus a total put value of 43,861,000,000 Combined total value = 81,315,000,000
Strike 1450 has a total call value of 47,791,500,000 versus a total put value of 35,128,000,000 Combined total value = 82,919,500,000
Strike 1460 has a total call value of 63,163,000,000 versus a total put value of 28,496,000,000 Combined total value = 91,659,000,000
Strike 1470 has a total call value of 83,190,000,000 versus a total put value of 23,656,000,000 Combined total value = 106,846,000,000
Strike 1480 has a total call value of 105,593,500,000 versus a total put value of 19,633,000,000 Combined total value = 125,226,500,000
Strike 1490 has a total call value of 130,342,500,000 versus a total put value of 16,117,000,000 Combined total value = 146,459,500,000
Strike 1500 has a total call value of 156,100,000,000 versus a total put value of 12,783,000,000 Combined total value = 168,883,000,000
Strike 1510 has a total call value of 188,419,000,000 versus a total put value of 10,831,000,000 Combined total value = 199,250,000,000
Strike 1520 has a total call value of 221,366,500,000 versus a total put value of 8,920,500,000 Combined total value = 230,287,000,000
Strike 1530 has a total call value of 256,130,500,000 versus a total put value of 7,816,000,000 Combined total value = 263,946,500,000
Strike 1540 has a total call value of 291,669,500,000 versus a total put value of 6,759,000,000 Combined total value = 298,428,500,000
Strike 1550 has a total call value of 327,942,500,000 versus a total put value of 5,702,000,000 Combined total value = 333,644,500,000
Strike 1560 has a total call value of 365,762,000,000 versus a total put value of 4,886,000,000 Combined total value = 370,648,000,000
Strike 1570 has a total call value of 404,292,500,000 versus a total put value of 4,070,000,000 Combined total value = 408,362,500,000
Strike 1580 has a total call value of 443,250,500,000 versus a total put value of 3,254,000,000 Combined total value = 446,504,500,000
Strike 1590 has a total call value of 482,687,000,000 versus a total put value of 2,438,000,000 Combined total value = 485,125,000,000
Strike 1600 has a total call value of 522,123,500,000 versus a total put value of 1,622,000,000 Combined total value = 523,745,500,000
Strike 1610 has a total call value of 563,506,000,000 versus a total put value of 1,216,500,000 Combined total value = 564,722,500,000
Strike 1620 has a total call value of 604,888,500,000 versus a total put value of 811,000,000 Combined total value = 605,699,500,000
Strike 1630 has a total call value of 646,565,500,000 versus a total put value of 405,500,000 Combined total value = 646,971,000,000
Strike 1640 has a total call value of 688,242,500,000 versus a total put value of 0 Combined total value = 688,242,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 454.55 | 470 |
| ABB | 6009.5 | 6000 |
| ABCAPITAL | 246.9 | 237.5 |
| ABFRL | 74.39 | 80 |
| ACC | 1862.2 | 1900 |
| ADANIENSOL | 866.7 | 880 |
| ADANIENT | 2545 | 2600 |
| ADANIGREEN | 991.3 | 1020 |
| ADANIPORTS | 1400 | 1420 |
| ALKEM | 4848 | 4900 |
| AMBUJACEM | 547.55 | 560 |
| ANGELONE | 2892.2 | 3000 |
| APLAPOLLO | 1839.6 | 1840 |
| APOLLOHOSP | 7084.5 | 7000 |
| ASHOKLEY | 235.25 | 240 |
| ASIANPAINT | 2233.4 | 2260 |
| ASTRAL | 1540 | 1500 |
| ATGL | 657.55 | 680 |
| AUBANK | 779 | 760 |
| AUROPHARMA | 1144.7 | 1160 |
| AXISBANK | 1212.4 | 1200 |
| BAJAJ-AUTO | 8567.5 | 8600 |
| BAJAJFINSV | 2019.9 | 2000 |
| BAJFINANCE | 938.5 | 940 |
| BALKRISIND | 2451.5 | 2460 |
| BANDHANBNK | 175.91 | 175 |
| BANKBARODA | 239.15 | 241.65 |
| BANKINDIA | 120.5 | 120 |
| BDL | 1881.4 | 1900 |
| BEL | 402.25 | 390 |
| BHARATFORG | 1314 | 1300 |
| BHARTIARTL | 1862.6 | 1860 |
| BHEL | 254.4 | 255 |
| BIOCON | 353.85 | 350 |
| BLUESTARCO | 1662.9 | 1600 |
| BOSCHLTD | 32180 | 32000 |
| BPCL | 310.6 | 315 |
| BRITANNIA | 5545 | 5550 |
| BSE | 2690.4 | 2700 |
| BSOFT | 417.25 | 420 |
| CAMS | 4012 | 4100 |
| CANBK | 110.96 | 111 |
| CDSL | 1661.3 | 1700 |
| CESC | 167.71 | 167.5 |
| CGPOWER | 682 | 690 |
| CHAMBLFERT | 549.8 | 560 |
| CHOLAFIN | 1562.9 | 1580 |
| CIPLA | 1530.3 | 1520 |
| COALINDIA | 393.2 | 400 |
| COFORGE | 1843.5 | 1760 |
| COLPAL | 2369 | 2460 |
| CONCOR | 762 | 780 |
| CROMPTON | 345.95 | 350 |
| CUMMINSIND | 3309.5 | 3300 |
| CYIENT | 1309.8 | 1340 |
| DABUR | 470.35 | 475 |
| DALBHARAT | 2099.1 | 2100 |
| DELHIVERY | 362.9 | 365 |
| DIVISLAB | 6652 | 6700 |
| DIXON | 14275 | 14750 |
| DLF | 856.55 | 840 |
| DMART | 4014.2 | 4100 |
| DRREDDY | 1347.5 | 1310 |
| EICHERMOT | 5370.5 | 5350 |
| ETERNAL | 251.15 | 250 |
| EXIDEIND | 384.25 | 390 |
| FEDERALBNK | 204.49 | 207.5 |
| FORTIS | 761.4 | 750 |
| GAIL | 191.88 | 195 |
| GLENMARK | 1680.4 | 1600 |
| GMRAIRPORT | 82.69 | 85 |
| GODREJCP | 1183 | 1220 |
| GODREJPROP | 2420.5 | 2350 |
| GRANULES | 514.1 | 530 |
| GRASIM | 2703.4 | 2660 |
| HAL | 5058 | 5000 |
| HAVELLS | 1551.8 | 1560 |
| HCLTECH | 1722 | 1680 |
| HDFCAMC | 4990.3 | 5000 |
| HDFCBANK | 1935.7 | 1940 |
| HDFCLIFE | 768.9 | 760 |
| HEROMOTOCO | 4388.5 | 4300 |
| HFCL | 85.24 | 89 |
| HINDALCO | 646.15 | 650 |
| HINDCOPPER | 260.99 | 250 |
| HINDPETRO | 389.55 | 400 |
| HINDUNILVR | 2327.6 | 2360 |
| HINDZINC | 511.35 | 500 |
| HUDCO | 226.7 | 240 |
| ICICIBANK | 1424.4 | 1440 |
| ICICIGI | 1940.4 | 1940 |
| ICICIPRULI | 638.35 | 640 |
| IDEA | 6.7 | 7 |
| IDFCFIRSTB | 70.25 | 70 |
| IEX | 187.83 | 197.5 |
| IGL | 207.18 | 205 |
| IIFL | 476.55 | 470 |
| INDHOTEL | 752 | 760 |
| INDIANB | 632.8 | 620 |
| INDIGO | 5313 | 5400 |
| INDUSINDBK | 822.55 | 820 |
| INDUSTOWER | 389.25 | 390 |
| INFY | 1628 | 1580 |
| INOXWIND | 172.47 | 180 |
| IOC | 140.48 | 143 |
| IRB | 49.56 | 51 |
| IRCTC | 766.35 | 780 |
| IREDA | 167.89 | 172.5 |
| IRFC | 138.79 | 140 |
| ITC | 417.6 | 420 |
| JINDALSTEL | 926.4 | 950 |
| JIOFIN | 293.2 | 295 |
| JSL | 707.55 | 700 |
| JSWENERGY | 511 | 510 |
| JSWSTEEL | 1001.7 | 1000 |
| JUBLFOOD | 690.1 | 680 |
| KALYANKJIL | 519.6 | 530 |
| KAYNES | 5390.5 | 5500 |
| KEI | 3650 | 3600 |
| KOTAKBANK | 2138.9 | 2100 |
| KPITTECH | 1393.4 | 1360 |
| LAURUSLABS | 679.3 | 650 |
| LICHSGFIN | 602.3 | 600 |
| LICI | 944 | 950 |
| LODHA | 1459.3 | 1460 |
| LT | 3642.9 | 3620 |
| LTF | 190.25 | 185 |
| LTIM | 5452.5 | 5300 |
| LUPIN | 2007.6 | 2000 |
| M&M | 3019.7 | 3050 |
| M&MFIN | 272.35 | 270 |
| MANAPPURAM | 280.16 | 240 |
| MANKIND | 2366.2 | 2350 |
| MARICO | 685.25 | 700 |
| MARUTI | 12533 | 12400 |
| MAXHEALTH | 1243 | 1200 |
| MAZDOCK | 3149 | 3200 |
| MCX | 7794.5 | 7500 |
| MFSL | 1566.6 | 1520 |
| MGL | 1377.4 | 1360 |
| MOTHERSON | 153.33 | 155 |
| MPHASIS | 2694.9 | 2600 |
| MUTHOOTFIN | 2616.3 | 2500 |
| NATIONALUM | 187.25 | 190 |
| NAUKRI | 1485.8 | 1500 |
| NBCC | 120.19 | 120 |
| NCC | 227.77 | 235 |
| NESTLEIND | 2385.2 | 2400 |
| NHPC | 86.39 | 88 |
| NMDC | 69.92 | 72 |
| NTPC | 333.15 | 340 |
| NYKAA | 194.42 | 197.5 |
| OBEROIRLTY | 1914.6 | 1860 |
| OFSS | 9645.5 | 9200 |
| OIL | 484.35 | 460 |
| ONGC | 254.76 | 250 |
| PAGEIND | 45700 | 46000 |
| PATANJALI | 1678.3 | 1700 |
| PAYTM | 877 | 900 |
| PEL | 1141.3 | 1140 |
| PERSISTENT | 6008 | 5800 |
| PETRONET | 299.8 | 310 |
| PFC | 405.8 | 410 |
| PHOENIXLTD | 1597.9 | 1600 |
| PIDILITIND | 3006.6 | 3020 |
| PIIND | 4140.3 | 4000 |
| PNB | 106.48 | 107 |
| PNBHOUSING | 1064.9 | 1080 |
| POLICYBZR | 1884 | 1860 |
| POLYCAB | 6096.5 | 6000 |
| POONAWALLA | 417.4 | 415 |
| POWERGRID | 287.9 | 295 |
| PPLPHARMA | 199.73 | 205 |
| PRESTIGE | 1680 | 1600 |
| RBLBANK | 217.83 | 217.5 |
| RECLTD | 401.65 | 410 |
| RELIANCE | 1438 | 1440 |
| RVNL | 407.65 | 420 |
| SAIL | 128.94 | 130 |
| SBICARD | 1007.7 | 980 |
| SBILIFE | 1795 | 1780 |
| SBIN | 792.65 | 810 |
| SHREECEM | 29700 | 29750 |
| SHRIRAMFIN | 674.95 | 670 |
| SIEMENS | 3265 | 3300 |
| SJVN | 98.43 | 100 |
| SOLARINDS | 16949 | 16500 |
| SONACOMS | 502.95 | 510 |
| SRF | 3079.5 | 3050 |
| SUNPHARMA | 1680.8 | 1680 |
| SUPREMEIND | 4399.9 | 4300 |
| SYNGENE | 657.2 | 650 |
| TATACHEM | 934.05 | 920 |
| TATACOMM | 1704.6 | 1700 |
| TATACONSUM | 1075.8 | 1090 |
| TATAELXSI | 6378 | 6400 |
| TATAMOTORS | 684.4 | 700 |
| TATAPOWER | 399.25 | 400 |
| TATASTEEL | 153.71 | 155 |
| TATATECH | 745.45 | 750 |
| TCS | 3499.9 | 3460 |
| TECHM | 1698.3 | 1620 |
| TIINDIA | 2997.1 | 3000 |
| TITAGARH | 894.7 | 920 |
| TITAN | 3429.9 | 3500 |
| TORNTPHARM | 3251.2 | 3200 |
| TORNTPOWER | 1416.9 | 1400 |
| TRENT | 5664 | 5700 |
| TVSMOTOR | 2785.4 | 2760 |
| ULTRACEMCO | 11435 | 11300 |
| UNIONBANK | 146.57 | 150 |
| UNITDSPR | 1465.5 | 1500 |
| UNOMINDA | 1051.2 | 1060 |
| UPL | 640 | 640 |
| USDINR | 86.17 | 86 |
| VBL | 465.95 | 480 |
| VEDL | 463.2 | 450 |
| VOLTAS | 1299.5 | 1280 |
| WIPRO | 261.2 | 257.5 |
| YESBANK | 20.21 | 21 |
| ZOMATO | 0 | 200 |
| ZYDUSLIFE | 967.7 | 970 |
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.
