RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
06 Sep 2024 04:12 PM IST
Max Pain for RELIANCE is 3000
Strike 2440 has a total call value of 0 versus a total put value of 979,849,000,000 Combined total value = 979,849,000,000
Strike 2460 has a total call value of 0 versus a total put value of 939,987,500,000 Combined total value = 939,987,500,000
Strike 2480 has a total call value of 0 versus a total put value of 900,126,000,000 Combined total value = 900,126,000,000
Strike 2500 has a total call value of 0 versus a total put value of 860,293,000,000 Combined total value = 860,293,000,000
Strike 2520 has a total call value of 0 versus a total put value of 820,460,000,000 Combined total value = 820,460,000,000
Strike 2540 has a total call value of 0 versus a total put value of 780,852,500,000 Combined total value = 780,852,500,000
Strike 2560 has a total call value of 0 versus a total put value of 741,245,000,000 Combined total value = 741,245,000,000
Strike 2580 has a total call value of 0 versus a total put value of 701,707,000,000 Combined total value = 701,707,000,000
Strike 2600 has a total call value of 0 versus a total put value of 662,169,000,000 Combined total value = 662,169,000,000
Strike 2620 has a total call value of 5,500,000 versus a total put value of 623,430,000,000 Combined total value = 623,435,500,000
Strike 2640 has a total call value of 11,000,000 versus a total put value of 584,691,000,000 Combined total value = 584,702,000,000
Strike 2660 has a total call value of 16,500,000 versus a total put value of 545,991,000,000 Combined total value = 546,007,500,000
Strike 2680 has a total call value of 22,000,000 versus a total put value of 507,467,500,000 Combined total value = 507,489,500,000
Strike 2700 has a total call value of 27,500,000 versus a total put value of 469,109,500,000 Combined total value = 469,137,000,000
Strike 2720 has a total call value of 49,500,000 versus a total put value of 432,024,500,000 Combined total value = 432,074,000,000
Strike 2740 has a total call value of 71,500,000 versus a total put value of 395,403,000,000 Combined total value = 395,474,500,000
Strike 2760 has a total call value of 93,500,000 versus a total put value of 359,111,500,000 Combined total value = 359,205,000,000
Strike 2780 has a total call value of 119,000,000 versus a total put value of 323,296,500,000 Combined total value = 323,415,500,000
Strike 2800 has a total call value of 144,500,000 versus a total put value of 288,161,500,000 Combined total value = 288,306,000,000
Strike 2820 has a total call value of 462,500,000 versus a total put value of 256,729,000,000 Combined total value = 257,191,500,000
Strike 2840 has a total call value of 794,000,000 versus a total put value of 225,881,000,000 Combined total value = 226,675,000,000
Strike 2860 has a total call value of 1,192,000,000 versus a total put value of 196,675,500,000 Combined total value = 197,867,500,000
Strike 2880 has a total call value of 1,692,000,000 versus a total put value of 168,666,500,000 Combined total value = 170,358,500,000
Strike 2900 has a total call value of 2,333,500,000 versus a total put value of 141,410,500,000 Combined total value = 143,744,000,000
Strike 2920 has a total call value of 4,542,500,000 versus a total put value of 118,567,500,000 Combined total value = 123,110,000,000
Strike 2940 has a total call value of 7,373,000,000 versus a total put value of 96,880,500,000 Combined total value = 104,253,500,000
Strike 2960 has a total call value of 12,086,500,000 versus a total put value of 76,992,500,000 Combined total value = 89,079,000,000
Strike 2980 has a total call value of 18,550,000,000 versus a total put value of 58,740,500,000 Combined total value = 77,290,500,000
Strike 3000 has a total call value of 26,851,000,000 versus a total put value of 41,610,500,000 Combined total value = 68,461,500,000
Strike 3020 has a total call value of 49,890,000,000 versus a total put value of 32,220,000,000 Combined total value = 82,110,000,000
Strike 3040 has a total call value of 77,112,000,000 versus a total put value of 24,745,500,000 Combined total value = 101,857,500,000
Strike 3060 has a total call value of 111,998,500,000 versus a total put value of 18,981,000,000 Combined total value = 130,979,500,000
Strike 3080 has a total call value of 152,629,000,000 versus a total put value of 14,548,500,000 Combined total value = 167,177,500,000
Strike 3100 has a total call value of 197,960,000,000 versus a total put value of 10,800,000,000 Combined total value = 208,760,000,000
Strike 3120 has a total call value of 259,400,000,000 versus a total put value of 8,822,000,000 Combined total value = 268,222,000,000
Strike 3140 has a total call value of 322,422,000,000 versus a total put value of 6,963,500,000 Combined total value = 329,385,500,000
Strike 3160 has a total call value of 387,701,500,000 versus a total put value of 5,331,000,000 Combined total value = 393,032,500,000
Strike 3180 has a total call value of 455,241,000,000 versus a total put value of 3,798,000,000 Combined total value = 459,039,000,000
Strike 3200 has a total call value of 525,050,500,000 versus a total put value of 2,348,500,000 Combined total value = 527,399,000,000
Strike 3220 has a total call value of 605,290,500,000 versus a total put value of 1,822,000,000 Combined total value = 607,112,500,000
Strike 3240 has a total call value of 686,827,000,000 versus a total put value of 1,487,500,000 Combined total value = 688,314,500,000
Strike 3260 has a total call value of 769,259,500,000 versus a total put value of 1,226,500,000 Combined total value = 770,486,000,000
Strike 3280 has a total call value of 852,796,500,000 versus a total put value of 986,000,000 Combined total value = 853,782,500,000
Strike 3300 has a total call value of 937,995,500,000 versus a total put value of 802,000,000 Combined total value = 938,797,500,000
Strike 3320 has a total call value of 1,023,194,500,000 versus a total put value of 618,000,000 Combined total value = 1,023,812,500,000
Strike 3340 has a total call value of 1,109,807,000,000 versus a total put value of 463,500,000 Combined total value = 1,110,270,500,000
Strike 3360 has a total call value of 1,196,419,500,000 versus a total put value of 309,000,000 Combined total value = 1,196,728,500,000
Strike 3380 has a total call value of 1,283,546,000,000 versus a total put value of 154,500,000 Combined total value = 1,283,700,500,000
Strike 3400 has a total call value of 1,370,672,500,000 versus a total put value of 0 Combined total value = 1,370,672,500,000
Strike 3420 has a total call value of 1,460,081,000,000 versus a total put value of 0 Combined total value = 1,460,081,000,000
Strike 3440 has a total call value of 1,549,489,500,000 versus a total put value of 0 Combined total value = 1,549,489,500,000
Strike 3460 has a total call value of 1,639,419,500,000 versus a total put value of 0 Combined total value = 1,639,419,500,000
Strike 3480 has a total call value of 1,729,349,500,000 versus a total put value of 0 Combined total value = 1,729,349,500,000
Strike 3500 has a total call value of 1,819,635,000,000 versus a total put value of 0 Combined total value = 1,819,635,000,000
Strike 3520 has a total call value of 1,909,920,500,000 versus a total put value of 0 Combined total value = 1,909,920,500,000
Strike 3540 has a total call value of 2,001,277,000,000 versus a total put value of 0 Combined total value = 2,001,277,000,000
Strike 3560 has a total call value of 2,092,633,500,000 versus a total put value of 0 Combined total value = 2,092,633,500,000
Strike 3580 has a total call value of 2,183,990,000,000 versus a total put value of 0 Combined total value = 2,183,990,000,000
Strike 3600 has a total call value of 2,275,346,500,000 versus a total put value of 0 Combined total value = 2,275,346,500,000
Strike 3620 has a total call value of 2,367,570,000,000 versus a total put value of 0 Combined total value = 2,367,570,000,000
Strike 3640 has a total call value of 2,459,793,500,000 versus a total put value of 0 Combined total value = 2,459,793,500,000
Strike 3660 has a total call value of 2,552,017,000,000 versus a total put value of 0 Combined total value = 2,552,017,000,000
Strike 3680 has a total call value of 2,644,240,500,000 versus a total put value of 0 Combined total value = 2,644,240,500,000
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.