RELIANCE
RELIANCE INDUSTRIES LTD
Max pain for RELIANCE
26 Jul 2024 04:12 PM IST
Max Pain for RELIANCE is 3000
Strike 2520 has a total call value of 0 versus a total put value of 453,485,000,000 Combined total value = 453,485,000,000
Strike 2540 has a total call value of 0 versus a total put value of 432,077,500,000 Combined total value = 432,077,500,000
Strike 2560 has a total call value of 0 versus a total put value of 410,670,000,000 Combined total value = 410,670,000,000
Strike 2580 has a total call value of 0 versus a total put value of 389,272,500,000 Combined total value = 389,272,500,000
Strike 2600 has a total call value of 0 versus a total put value of 367,875,000,000 Combined total value = 367,875,000,000
Strike 2620 has a total call value of 0 versus a total put value of 347,286,500,000 Combined total value = 347,286,500,000
Strike 2640 has a total call value of 0 versus a total put value of 326,698,000,000 Combined total value = 326,698,000,000
Strike 2660 has a total call value of 0 versus a total put value of 306,251,500,000 Combined total value = 306,251,500,000
Strike 2680 has a total call value of 0 versus a total put value of 285,805,000,000 Combined total value = 285,805,000,000
Strike 2700 has a total call value of 0 versus a total put value of 265,688,000,000 Combined total value = 265,688,000,000
Strike 2720 has a total call value of 0 versus a total put value of 245,571,000,000 Combined total value = 245,571,000,000
Strike 2740 has a total call value of 0 versus a total put value of 226,337,500,000 Combined total value = 226,337,500,000
Strike 2760 has a total call value of 0 versus a total put value of 207,218,000,000 Combined total value = 207,218,000,000
Strike 2780 has a total call value of 3,000,000 versus a total put value of 188,491,000,000 Combined total value = 188,494,000,000
Strike 2800 has a total call value of 25,000,000 versus a total put value of 169,844,000,000 Combined total value = 169,869,000,000
Strike 2820 has a total call value of 414,000,000 versus a total put value of 153,412,500,000 Combined total value = 153,826,500,000
Strike 2840 has a total call value of 811,500,000 versus a total put value of 137,131,500,000 Combined total value = 137,943,000,000
Strike 2860 has a total call value of 1,249,000,000 versus a total put value of 121,215,500,000 Combined total value = 122,464,500,000
Strike 2880 has a total call value of 1,709,000,000 versus a total put value of 105,963,500,000 Combined total value = 107,672,500,000
Strike 2900 has a total call value of 2,216,500,000 versus a total put value of 91,015,000,000 Combined total value = 93,231,500,000
Strike 2920 has a total call value of 3,428,500,000 versus a total put value of 78,725,500,000 Combined total value = 82,154,000,000
Strike 2940 has a total call value of 4,717,000,000 versus a total put value of 66,728,000,000 Combined total value = 71,445,000,000
Strike 2960 has a total call value of 6,148,500,000 versus a total put value of 55,103,500,000 Combined total value = 61,252,000,000
Strike 2980 has a total call value of 7,920,500,000 versus a total put value of 44,110,000,000 Combined total value = 52,030,500,000
Strike 3000 has a total call value of 10,116,000,000 versus a total put value of 33,785,000,000 Combined total value = 43,901,000,000
Strike 3020 has a total call value of 19,070,500,000 versus a total put value of 28,563,000,000 Combined total value = 47,633,500,000
Strike 3040 has a total call value of 29,208,000,000 versus a total put value of 24,038,000,000 Combined total value = 53,246,000,000
Strike 3060 has a total call value of 40,273,000,000 versus a total put value of 19,963,500,000 Combined total value = 60,236,500,000
Strike 3080 has a total call value of 52,053,000,000 versus a total put value of 16,136,500,000 Combined total value = 68,189,500,000
Strike 3100 has a total call value of 64,560,500,000 versus a total put value of 12,453,500,000 Combined total value = 77,014,000,000
Strike 3120 has a total call value of 81,734,500,000 versus a total put value of 10,205,000,000 Combined total value = 91,939,500,000
Strike 3140 has a total call value of 99,521,000,000 versus a total put value of 8,110,500,000 Combined total value = 107,631,500,000
Strike 3160 has a total call value of 118,114,500,000 versus a total put value of 6,233,000,000 Combined total value = 124,347,500,000
Strike 3180 has a total call value of 137,764,500,000 versus a total put value of 4,701,500,000 Combined total value = 142,466,000,000
Strike 3200 has a total call value of 157,965,500,000 versus a total put value of 3,311,500,000 Combined total value = 161,277,000,000
Strike 3220 has a total call value of 183,671,500,000 versus a total put value of 2,674,500,000 Combined total value = 186,346,000,000
Strike 3240 has a total call value of 209,783,500,000 versus a total put value of 2,162,000,000 Combined total value = 211,945,500,000
Strike 3260 has a total call value of 236,384,500,000 versus a total put value of 1,687,000,000 Combined total value = 238,071,500,000
Strike 3280 has a total call value of 263,323,000,000 versus a total put value of 1,258,500,000 Combined total value = 264,581,500,000
Strike 3300 has a total call value of 290,432,000,000 versus a total put value of 830,000,000 Combined total value = 291,262,000,000
Strike 3320 has a total call value of 320,245,500,000 versus a total put value of 668,000,000 Combined total value = 320,913,500,000
Strike 3340 has a total call value of 350,344,000,000 versus a total put value of 506,000,000 Combined total value = 350,850,000,000
Strike 3360 has a total call value of 380,560,000,000 versus a total put value of 344,000,000 Combined total value = 380,904,000,000
Strike 3380 has a total call value of 411,177,000,000 versus a total put value of 182,000,000 Combined total value = 411,359,000,000
Strike 3400 has a total call value of 441,894,000,000 versus a total put value of 20,000,000 Combined total value = 441,914,000,000
Strike 3420 has a total call value of 474,456,500,000 versus a total put value of 18,000,000 Combined total value = 474,474,500,000
Strike 3440 has a total call value of 507,079,500,000 versus a total put value of 16,000,000 Combined total value = 507,095,500,000
Strike 3460 has a total call value of 539,846,000,000 versus a total put value of 14,000,000 Combined total value = 539,860,000,000
Strike 3480 has a total call value of 572,612,500,000 versus a total put value of 12,000,000 Combined total value = 572,624,500,000
Strike 3500 has a total call value of 605,563,500,000 versus a total put value of 10,000,000 Combined total value = 605,573,500,000
Strike 3520 has a total call value of 638,514,500,000 versus a total put value of 8,000,000 Combined total value = 638,522,500,000
Strike 3540 has a total call value of 671,810,500,000 versus a total put value of 6,000,000 Combined total value = 671,816,500,000
Strike 3560 has a total call value of 705,106,500,000 versus a total put value of 4,000,000 Combined total value = 705,110,500,000
Strike 3580 has a total call value of 738,585,500,000 versus a total put value of 2,000,000 Combined total value = 738,587,500,000
Strike 3600 has a total call value of 772,064,500,000 versus a total put value of 0 Combined total value = 772,064,500,000
Strike 3620 has a total call value of 806,107,500,000 versus a total put value of 0 Combined total value = 806,107,500,000
Strike 3640 has a total call value of 840,150,500,000 versus a total put value of 0 Combined total value = 840,150,500,000
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.