RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
17 Feb 2025 04:12 PM IST
Max Pain for RELIANCE is 1250
Strike 1020 has a total call value of 0 versus a total put value of 873,878,000,000 Combined total value = 873,878,000,000
Strike 1030 has a total call value of 4,000,000 versus a total put value of 836,886,000,000 Combined total value = 836,890,000,000
Strike 1040 has a total call value of 8,000,000 versus a total put value of 799,894,000,000 Combined total value = 799,902,000,000
Strike 1050 has a total call value of 12,000,000 versus a total put value of 763,161,000,000 Combined total value = 763,173,000,000
Strike 1060 has a total call value of 16,000,000 versus a total put value of 726,428,000,000 Combined total value = 726,444,000,000
Strike 1070 has a total call value of 20,000,000 versus a total put value of 689,954,000,000 Combined total value = 689,974,000,000
Strike 1080 has a total call value of 24,000,000 versus a total put value of 653,480,000,000 Combined total value = 653,504,000,000
Strike 1090 has a total call value of 28,000,000 versus a total put value of 617,420,500,000 Combined total value = 617,448,500,000
Strike 1100 has a total call value of 32,000,000 versus a total put value of 581,539,000,000 Combined total value = 581,571,000,000
Strike 1110 has a total call value of 136,000,000 versus a total put value of 547,031,500,000 Combined total value = 547,167,500,000
Strike 1120 has a total call value of 240,000,000 versus a total put value of 512,824,000,000 Combined total value = 513,064,000,000
Strike 1130 has a total call value of 348,000,000 versus a total put value of 479,292,500,000 Combined total value = 479,640,500,000
Strike 1140 has a total call value of 456,000,000 versus a total put value of 446,264,000,000 Combined total value = 446,720,000,000
Strike 1150 has a total call value of 617,000,000 versus a total put value of 413,998,000,000 Combined total value = 414,615,000,000
Strike 1160 has a total call value of 953,000,000 versus a total put value of 382,989,500,000 Combined total value = 383,942,500,000
Strike 1170 has a total call value of 1,828,500,000 versus a total put value of 353,210,000,000 Combined total value = 355,038,500,000
Strike 1180 has a total call value of 2,845,000,000 versus a total put value of 324,270,000,000 Combined total value = 327,115,000,000
Strike 1190 has a total call value of 4,043,000,000 versus a total put value of 296,664,500,000 Combined total value = 300,707,500,000
Strike 1200 has a total call value of 5,509,500,000 versus a total put value of 269,797,500,000 Combined total value = 275,307,000,000
Strike 1210 has a total call value of 9,030,500,000 versus a total put value of 247,429,500,000 Combined total value = 256,460,000,000
Strike 1220 has a total call value of 13,434,500,000 versus a total put value of 226,028,000,000 Combined total value = 239,462,500,000
Strike 1230 has a total call value of 20,466,500,000 versus a total put value of 206,446,000,000 Combined total value = 226,912,500,000
Strike 1240 has a total call value of 29,658,500,000 versus a total put value of 187,665,000,000 Combined total value = 217,323,500,000
Strike 1250 has a total call value of 42,079,500,000 versus a total put value of 170,322,000,000 Combined total value = 212,401,500,000
Strike 1260 has a total call value of 59,864,000,000 versus a total put value of 155,354,500,000 Combined total value = 215,218,500,000
Strike 1270 has a total call value of 81,285,000,000 versus a total put value of 141,575,500,000 Combined total value = 222,860,500,000
Strike 1280 has a total call value of 107,412,500,000 versus a total put value of 128,641,000,000 Combined total value = 236,053,500,000
Strike 1290 has a total call value of 139,531,500,000 versus a total put value of 117,252,500,000 Combined total value = 256,784,000,000
Strike 1300 has a total call value of 174,781,000,000 versus a total put value of 106,422,500,000 Combined total value = 281,203,500,000
Strike 1310 has a total call value of 222,279,500,000 versus a total put value of 97,758,000,000 Combined total value = 320,037,500,000
Strike 1320 has a total call value of 271,269,000,000 versus a total put value of 89,282,000,000 Combined total value = 360,551,000,000
Strike 1330 has a total call value of 322,660,000,000 versus a total put value of 81,220,000,000 Combined total value = 403,880,000,000
Strike 1340 has a total call value of 374,884,500,000 versus a total put value of 73,294,000,000 Combined total value = 448,178,500,000
Strike 1350 has a total call value of 428,309,500,000 versus a total put value of 65,601,000,000 Combined total value = 493,910,500,000
Strike 1360 has a total call value of 484,496,000,000 versus a total put value of 58,942,000,000 Combined total value = 543,438,000,000
Strike 1370 has a total call value of 541,312,000,000 versus a total put value of 52,437,000,000 Combined total value = 593,749,000,000
Strike 1380 has a total call value of 598,575,500,000 versus a total put value of 46,047,000,000 Combined total value = 644,622,500,000
Strike 1390 has a total call value of 656,199,500,000 versus a total put value of 39,657,000,000 Combined total value = 695,856,500,000
Strike 1400 has a total call value of 714,189,000,000 versus a total put value of 33,267,000,000 Combined total value = 747,456,000,000
Strike 1410 has a total call value of 780,095,000,000 versus a total put value of 29,725,500,000 Combined total value = 809,820,500,000
Strike 1420 has a total call value of 846,232,000,000 versus a total put value of 26,184,000,000 Combined total value = 872,416,000,000
Strike 1430 has a total call value of 912,771,500,000 versus a total put value of 22,679,000,000 Combined total value = 935,450,500,000
Strike 1440 has a total call value of 979,484,000,000 versus a total put value of 19,174,000,000 Combined total value = 998,658,000,000
Strike 1450 has a total call value of 1,046,589,000,000 versus a total put value of 15,848,000,000 Combined total value = 1,062,437,000,000
Strike 1460 has a total call value of 1,113,694,000,000 versus a total put value of 12,522,000,000 Combined total value = 1,126,216,000,000
Strike 1470 has a total call value of 1,181,017,500,000 versus a total put value of 9,391,500,000 Combined total value = 1,190,409,000,000
Strike 1480 has a total call value of 1,248,341,000,000 versus a total put value of 6,261,000,000 Combined total value = 1,254,602,000,000
Strike 1490 has a total call value of 1,315,912,000,000 versus a total put value of 3,130,500,000 Combined total value = 1,319,042,500,000
Strike 1500 has a total call value of 1,383,483,000,000 versus a total put value of 0 Combined total value = 1,383,483,000,000
Strike 1510 has a total call value of 1,453,627,000,000 versus a total put value of 0 Combined total value = 1,453,627,000,000
Strike 1520 has a total call value of 1,523,771,000,000 versus a total put value of 0 Combined total value = 1,523,771,000,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 418.3 | 440 |
ABB | 5241.9 | 5400 |
ABBOTINDIA | 28569.5 | 28000 |
ABCAPITAL | 153.97 | 170 |
ABFRL | 255.55 | 265 |
ACC | 1911.5 | 2040 |
ADANIENSOL | 702 | 740 |
ADANIENT | 2223.7 | 2340 |
ADANIGREEN | 890.35 | 900 |
ADANIPORTS | 1082.9 | 1100 |
ALKEM | 4794.3 | 4800 |
AMBUJACEM | 488.3 | 505 |
ANGELONE | 2211.6 | 2300 |
APLAPOLLO | 1333.75 | 1440 |
APOLLOHOSP | 6300.2 | 6400 |
APOLLOTYRE | 416.3 | 420 |
ASHOKLEY | 223.61 | 217.5 |
ASIANPAINT | 2250.85 | 2280 |
ASTRAL | 1384.5 | 1440 |
ATGL | 574.45 | 600 |
ATUL | 5402.85 | 5600 |
AUBANK | 522.05 | 550 |
AUROPHARMA | 1169.6 | 1180 |
AXISBANK | 992.95 | 1000 |
BAJAJ-AUTO | 8537.15 | 8800 |
BAJAJFINSV | 1894.85 | 1820 |
BAJFINANCE | 8426.6 | 8200 |
BALKRISIND | 2670.55 | 2700 |
BANDHANBNK | 132.82 | 150 |
BANKBARODA | 206.96 | 220 |
BANKINDIA | 99.03 | 100 |
BATAINDIA | 1296.3 | 1340 |
BEL | 248.5 | 265 |
BERGEPAINT | 483.7 | 480 |
BHARATFORG | 1082.65 | 1100 |
BHARTIARTL | 1675.55 | 1680 |
BHEL | 193.47 | 200 |
BIOCON | 347.55 | 360 |
BOSCHLTD | 26911.25 | 29000 |
BPCL | 252.3 | 260 |
BRITANNIA | 4963.7 | 4950 |
BSE | 5208.7 | 5300 |
BSOFT | 477.5 | 500 |
CAMS | 3381.8 | 3500 |
CANBK | 85.09 | 91 |
CANFINHOME | 608.85 | 640 |
CDSL | 1206.95 | 1240 |
CESC | 125.92 | 130 |
CGPOWER | 583 | 590 |
CHAMBLFERT | 542.8 | 530 |
CHOLAFIN | 1356.95 | 1340 |
CIPLA | 1474.65 | 1460 |
COALINDIA | 360.1 | 375 |
COFORGE | 7683.95 | 8100 |
COLPAL | 2462.4 | 2560 |
CONCOR | 703.35 | 740 |
COROMANDEL | 1707.55 | 1800 |
CROMPTON | 332.6 | 345 |
CUB | 160.85 | 165 |
CUMMINSIND | 2721.45 | 2800 |
CYIENT | 1439.3 | 1420 |
DABUR | 520.55 | 530 |
DALBHARAT | 1808.15 | 1820 |
DEEPAKNTR | 1898.5 | 2000 |
DELHIVERY | 267.35 | 280 |
DIVISLAB | 5923.75 | 5950 |
DIXON | 14199.5 | 14500 |
DLF | 674.75 | 700 |
DMART | 3621.5 | 3750 |
DRREDDY | 1198.95 | 1200 |
EICHERMOT | 4745.2 | 4950 |
ESCORTS | 2972.15 | 3150 |
EXIDEIND | 361.8 | 375 |
FEDERALBNK | 181.54 | 185 |
GAIL | 160.17 | 166 |
GLENMARK | 1373.8 | 1380 |
GMRAIRPORT | 70.26 | 73 |
GMRINFRA | 0 | 76 |
GNFC | 557.1 | 560 |
GODREJCP | 1039.25 | 1070 |
GODREJPROP | 1974.05 | 2100 |
GRANULES | 522.25 | 540 |
GRASIM | 2463.85 | 2500 |
GUJGASLTD | 391.45 | 415 |
HAL | 3475.7 | 3650 |
HAVELLS | 1532.55 | 1560 |
HCLTECH | 1709.9 | 1720 |
HDFCAMC | 3730.55 | 3800 |
HDFCBANK | 1717.35 | 1700 |
HDFCLIFE | 623.25 | 630 |
HEROMOTOCO | 3876.45 | 4050 |
HFCL | 87.03 | 95 |
HINDALCO | 610.85 | 600 |
HINDCOPPER | 215.33 | 235 |
HINDPETRO | 318.1 | 330 |
HINDUNILVR | 2329.4 | 2380 |
HUDCO | 183.21 | 195 |
ICICIBANK | 1251.15 | 1250 |
ICICIGI | 1725.05 | 1800 |
ICICIPRULI | 575.2 | 600 |
IDEA | 8.27 | 9 |
IDFCFIRSTB | 61.5 | 62 |
IEX | 167.21 | 172.5 |
IGL | 190.25 | 195 |
INDHOTEL | 721.65 | 750 |
INDIAMART | 2102.4 | 2120 |
INDIANB | 517.55 | 530 |
INDIGO | 4303 | 4300 |
INDUSINDBK | 1048.25 | 1040 |
INDUSTOWER | 339.3 | 355 |
INFY | 1842.3 | 1880 |
IOC | 118.45 | 125 |
IPCALAB | 1476.75 | 1480 |
IRB | 47.7 | 49 |
IRCTC | 725.45 | 760 |
IRFC | 121.78 | 130 |
ITC | 408.6 | 420 |
JINDALSTEL | 837.65 | 840 |
JIOFIN | 222.45 | 235 |
JKCEMENT | 4637.9 | 4800 |
JSL | 590.3 | 610 |
JSWENERGY | 431.5 | 460 |
JSWSTEEL | 973.55 | 960 |
JUBLFOOD | 681.65 | 680 |
KALYANKJIL | 507.05 | 500 |
KEI | 3447.25 | 3500 |
KOTAKBANK | 1945.3 | 1920 |
KPITTECH | 1310.4 | 1400 |
LALPATHLAB | 2629.5 | 2800 |
LAURUSLABS | 555.5 | 580 |
LICHSGFIN | 538.5 | 570 |
LICI | 765.15 | 800 |
LODHA | 1167.8 | 1200 |
LT | 3221.85 | 3350 |
LTF | 136.04 | 145 |
LTIM | 5472.6 | 5700 |
LTTS | 4816.9 | 5100 |
LUPIN | 2026.95 | 2040 |
M&M | 2831.95 | 2950 |
M&MFIN | 276.85 | 280 |
MANAPPURAM | 193.29 | 195 |
MARICO | 624.75 | 640 |
MARUTI | 12762.9 | 12700 |
MAXHEALTH | 1014.65 | 1020 |
MCX | 5550.5 | 5700 |
METROPOLIS | 1680.35 | 1740 |
MFSL | 1065.65 | 1100 |
MGL | 1277.4 | 1320 |
MOTHERSON | 124.79 | 130 |
MPHASIS | 2591.35 | 2700 |
MRF | 109984 | 110000 |
MUTHOOTFIN | 2243.9 | 2260 |
NATIONALUM | 180.74 | 186 |
NAUKRI | 7338.9 | 7700 |
NAVINFLUOR | 4108.1 | 4100 |
NBCC | 82.02 | 85 |
NCC | 190.8 | 200 |
NESTLEIND | 2216.5 | 2220 |
NHPC | 73.21 | 74 |
NMDC | 62.56 | 65 |
NTPC | 302.35 | 310 |
NYKAA | 173.49 | 170 |
OBEROIRLTY | 1590.25 | 1620 |
OFSS | 8797.15 | 9000 |
OIL | 400.55 | 410 |
ONGC | 233.65 | 240 |
PAGEIND | 40921.4 | 43000 |
PAYTM | 733 | 740 |
PEL | 926.05 | 1000 |
PERSISTENT | 5531.3 | 5800 |
PETRONET | 284.9 | 295 |
PFC | 372.35 | 400 |
PHOENIXLTD | 1545.05 | 1600 |
PIDILITIND | 2781.7 | 2860 |
PIIND | 3118.6 | 3300 |
PNB | 93.18 | 97 |
POLICYBZR | 1494.35 | 1600 |
POLYCAB | 5414.2 | 5600 |
POONAWALLA | 285.3 | 300 |
POWERGRID | 263.2 | 265 |
PRESTIGE | 1240.4 | 1300 |
PVRINOX | 1006.55 | 1060 |
RAMCOCEM | 860.75 | 880 |
RBLBANK | 155.8 | 162.5 |
RECLTD | 389.1 | 420 |
RELIANCE | 1224.9 | 1250 |
SAIL | 105.33 | 107.5 |
SBICARD | 853.1 | 840 |
SBILIFE | 1476.2 | 1460 |
SBIN | 727.7 | 750 |
SHREECEM | 28309.15 | 28000 |
SHRIRAMFIN | 550.35 | 550 |
SIEMENS | 4859.3 | 5100 |
SJVN | 88.62 | 90 |
SOLARINDS | 8619.35 | 9000 |
SONACOMS | 487.3 | 510 |
SRF | 2747.8 | 2800 |
SUNPHARMA | 1714.2 | 1720 |
SUNTV | 585.3 | 600 |
SUPREMEIND | 3627.8 | 3800 |
SYNGENE | 700.9 | 730 |
TATACHEM | 854.5 | 920 |
TATACOMM | 1507.45 | 1600 |
TATACONSUM | 1023.25 | 1020 |
TATAELXSI | 6146.85 | 6200 |
TATAMOTORS | 686.6 | 700 |
TATAPOWER | 337.2 | 360 |
TATASTEEL | 134.29 | 135 |
TCS | 3904.5 | 4000 |
TECHM | 1664.95 | 1680 |
TIINDIA | 2603.6 | 2750 |
TITAN | 3233.2 | 3300 |
TORNTPHARM | 3078 | 3100 |
TORNTPOWER | 1239.35 | 1300 |
TRENT | 5096.45 | 5300 |
TVSMOTOR | 2365.7 | 2500 |
UBL | 2028.15 | 2040 |
ULTRACEMCO | 11490.1 | 11400 |
UNIONBANK | 109.01 | 110 |
UNITDSPR | 1349.7 | 1400 |
UPL | 632.2 | 610 |
VBL | 474.55 | 510 |
VEDL | 415.15 | 430 |
VOLTAS | 1241.6 | 1300 |
WIPRO | 305.35 | 307.5 |
YESBANK | 17.66 | 19 |
ZOMATO | 218.53 | 220 |
ZYDUSLIFE | 923.9 | 950 |
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.