RELIANCE
Reliance Industries Ltd
Max pain for RELIANCE
21 Sep 2025 04:12 PM IST
Max Pain for RELIANCE is 1400
Strike 1200 has a total call value of 0 versus a total put value of 86,905,000,000 Combined total value = 86,905,000,000
Strike 1210 has a total call value of 4,500,000 versus a total put value of 81,931,500,000 Combined total value = 81,936,000,000
Strike 1220 has a total call value of 9,000,000 versus a total put value of 76,958,000,000 Combined total value = 76,967,000,000
Strike 1230 has a total call value of 13,500,000 versus a total put value of 71,984,500,000 Combined total value = 71,998,000,000
Strike 1240 has a total call value of 18,000,000 versus a total put value of 67,011,000,000 Combined total value = 67,029,000,000
Strike 1250 has a total call value of 22,500,000 versus a total put value of 62,117,000,000 Combined total value = 62,139,500,000
Strike 1260 has a total call value of 27,000,000 versus a total put value of 57,223,000,000 Combined total value = 57,250,000,000
Strike 1270 has a total call value of 31,500,000 versus a total put value of 52,422,000,000 Combined total value = 52,453,500,000
Strike 1280 has a total call value of 36,000,000 versus a total put value of 47,621,000,000 Combined total value = 47,657,000,000
Strike 1290 has a total call value of 40,500,000 versus a total put value of 42,952,000,000 Combined total value = 42,992,500,000
Strike 1300 has a total call value of 45,000,000 versus a total put value of 38,308,500,000 Combined total value = 38,353,500,000
Strike 1310 has a total call value of 131,500,000 versus a total put value of 34,289,500,000 Combined total value = 34,421,000,000
Strike 1320 has a total call value of 218,000,000 versus a total put value of 30,345,500,000 Combined total value = 30,563,500,000
Strike 1330 has a total call value of 304,500,000 versus a total put value of 26,527,000,000 Combined total value = 26,831,500,000
Strike 1340 has a total call value of 391,000,000 versus a total put value of 22,791,000,000 Combined total value = 23,182,000,000
Strike 1350 has a total call value of 496,000,000 versus a total put value of 19,228,500,000 Combined total value = 19,724,500,000
Strike 1360 has a total call value of 657,000,000 versus a total put value of 16,112,000,000 Combined total value = 16,769,000,000
Strike 1370 has a total call value of 1,325,500,000 versus a total put value of 13,304,500,000 Combined total value = 14,630,000,000
Strike 1380 has a total call value of 1,994,000,000 versus a total put value of 10,664,500,000 Combined total value = 12,658,500,000
Strike 1390 has a total call value of 2,802,000,000 versus a total put value of 8,253,000,000 Combined total value = 11,055,000,000
Strike 1400 has a total call value of 3,682,500,000 versus a total put value of 5,946,000,000 Combined total value = 9,628,500,000
Strike 1410 has a total call value of 5,825,000,000 versus a total put value of 4,585,000,000 Combined total value = 10,410,000,000
Strike 1420 has a total call value of 8,171,000,000 versus a total put value of 3,411,000,000 Combined total value = 11,582,000,000
Strike 1430 has a total call value of 11,032,000,000 versus a total put value of 2,564,000,000 Combined total value = 13,596,000,000
Strike 1440 has a total call value of 14,084,000,000 versus a total put value of 1,909,500,000 Combined total value = 15,993,500,000
Strike 1450 has a total call value of 18,026,000,000 versus a total put value of 1,348,500,000 Combined total value = 19,374,500,000
Strike 1460 has a total call value of 22,454,500,000 versus a total put value of 1,052,000,000 Combined total value = 23,506,500,000
Strike 1470 has a total call value of 27,074,000,000 versus a total put value of 842,000,000 Combined total value = 27,916,000,000
Strike 1480 has a total call value of 31,817,000,000 versus a total put value of 632,000,000 Combined total value = 32,449,000,000
Strike 1490 has a total call value of 36,778,000,000 versus a total put value of 422,000,000 Combined total value = 37,200,000,000
Strike 1500 has a total call value of 41,799,500,000 versus a total put value of 212,000,000 Combined total value = 42,011,500,000
Strike 1510 has a total call value of 48,149,000,000 versus a total put value of 190,000,000 Combined total value = 48,339,000,000
Strike 1520 has a total call value of 54,498,500,000 versus a total put value of 168,000,000 Combined total value = 54,666,500,000
Strike 1530 has a total call value of 60,967,500,000 versus a total put value of 147,000,000 Combined total value = 61,114,500,000
Strike 1540 has a total call value of 67,436,500,000 versus a total put value of 126,000,000 Combined total value = 67,562,500,000
Strike 1550 has a total call value of 74,167,000,000 versus a total put value of 105,000,000 Combined total value = 74,272,000,000
Strike 1560 has a total call value of 80,897,500,000 versus a total put value of 84,000,000 Combined total value = 80,981,500,000
Strike 1570 has a total call value of 87,816,500,000 versus a total put value of 63,000,000 Combined total value = 87,879,500,000
Strike 1580 has a total call value of 94,735,500,000 versus a total put value of 42,000,000 Combined total value = 94,777,500,000
Strike 1590 has a total call value of 101,734,500,000 versus a total put value of 21,000,000 Combined total value = 101,755,500,000
Strike 1600 has a total call value of 108,733,500,000 versus a total put value of 0 Combined total value = 108,733,500,000
Strike 1610 has a total call value of 116,374,500,000 versus a total put value of 0 Combined total value = 116,374,500,000
Strike 1620 has a total call value of 124,015,500,000 versus a total put value of 0 Combined total value = 124,015,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1050.4 | 1100 |
| ABB | 5362.8 | 5400 |
| ABCAPITAL | 288.15 | 290 |
| ADANIENSOL | 937.4 | 880 |
| ADANIENT | 2629.5 | 2500 |
| ADANIGREEN | 1152.15 | 1000 |
| ADANIPORTS | 1444.2 | 1440 |
| ALKEM | 5495 | 5500 |
| AMBER | 8310.5 | 8300 |
| AMBUJACEM | 590.3 | 600 |
| ANGELONE | 2248 | 2300 |
| APLAPOLLO | 1679.3 | 1700 |
| APOLLOHOSP | 7739 | 7800 |
| ASHOKLEY | 139.42 | 135 |
| ASIANPAINT | 2482.7 | 2500 |
| ASTRAL | 1438.4 | 1500 |
| AUBANK | 706.05 | 720 |
| AUROPHARMA | 1117.4 | 1100 |
| AXISBANK | 1144.4 | 1100 |
| BAJAJ-AUTO | 9054.5 | 9100 |
| BAJAJFINSV | 2069.5 | 2000 |
| BAJFINANCE | 1006.5 | 970 |
| BANDHANBNK | 163.19 | 165 |
| BANKBARODA | 251.14 | 245 |
| BANKINDIA | 120.53 | 115 |
| BDL | 1627.7 | 1600 |
| BEL | 406.4 | 400 |
| BHARATFORG | 1256 | 1300 |
| BHARTIARTL | 1956.2 | 1940 |
| BHEL | 239.6 | 240 |
| BIOCON | 362.15 | 370 |
| BLUESTARCO | 1996.8 | 1900 |
| BOSCHLTD | 39570 | 40000 |
| BPCL | 325.4 | 330 |
| BRITANNIA | 6056.5 | 6000 |
| BSE | 2156.2 | 2200 |
| CAMS | 4014 | 4000 |
| CANBK | 118.87 | 115 |
| CDSL | 1558.5 | 1600 |
| CGPOWER | 770.2 | 780 |
| CHOLAFIN | 1630 | 1560 |
| CIPLA | 1542.2 | 1560 |
| COALINDIA | 394.7 | 400 |
| COFORGE | 1716.9 | 1760 |
| COLPAL | 2344.8 | 2400 |
| CONCOR | 550.15 | 560 |
| CROMPTON | 308.75 | 320 |
| CUMMINSIND | 3990.1 | 4000 |
| CYIENT | 1194.8 | 1300 |
| DABUR | 522.05 | 540 |
| DALBHARAT | 2378.5 | 2400 |
| DELHIVERY | 467.9 | 480 |
| DIVISLAB | 6092.5 | 6200 |
| DIXON | 18082 | 18000 |
| DLF | 773.75 | 780 |
| DMART | 4671.2 | 4700 |
| DRREDDY | 1301.4 | 1300 |
| EICHERMOT | 6946 | 6900 |
| ETERNAL | 341.85 | 310 |
| EXIDEIND | 403.85 | 420 |
| FEDERALBNK | 195 | 200 |
| FORTIS | 966.25 | 1000 |
| GAIL | 180.95 | 180 |
| GLENMARK | 2017.8 | 2100 |
| GMRAIRPORT | 91.17 | 90 |
| GODREJCP | 1232.2 | 1240 |
| GODREJPROP | 2103.7 | 2100 |
| GRASIM | 2854.1 | 2800 |
| HAL | 4808.7 | 4900 |
| HAVELLS | 1581.3 | 1600 |
| HCLTECH | 1439.9 | 1500 |
| HDFCAMC | 5827.5 | 5800 |
| HDFCBANK | 964.2 | 970 |
| HDFCLIFE | 787.8 | 780 |
| HEROMOTOCO | 5429.5 | 5400 |
| HFCL | 74.85 | 80 |
| HINDALCO | 745.7 | 740 |
| HINDPETRO | 412.75 | 400 |
| HINDUNILVR | 2572.2 | 2600 |
| HINDZINC | 459.25 | 450 |
| HUDCO | 239.96 | 225 |
| ICICIBANK | 1401.5 | 1410 |
| ICICIGI | 1886.3 | 1900 |
| ICICIPRULI | 609.5 | 620 |
| IDEA | 8.39 | 8 |
| IDFCFIRSTB | 70.92 | 72 |
| IEX | 146.09 | 150 |
| IGL | 211.56 | 220 |
| IIFL | 450.1 | 450 |
| INDHOTEL | 769.4 | 780 |
| INDIANB | 704.55 | 700 |
| INDIGO | 5747.5 | 5700 |
| INDUSINDBK | 734.3 | 750 |
| INDUSTOWER | 356 | 360 |
| INFY | 1499.5 | 1500 |
| INOXWIND | 152.43 | 150 |
| IOC | 148.3 | 150 |
| IRCTC | 727.1 | 740 |
| IREDA | 159.06 | 155 |
| IRFC | 128.54 | 130 |
| ITC | 406.95 | 410 |
| JINDALSTEL | 1032.45 | 1050 |
| JIOFIN | 313.85 | 320 |
| JSWENERGY | 542.95 | 540 |
| JSWSTEEL | 1117 | 1100 |
| JUBLFOOD | 622.8 | 630 |
| KALYANKJIL | 505.25 | 520 |
| KAYNES | 7083.5 | 7000 |
| KEI | 4131.4 | 4200 |
| KFINTECH | 1093.9 | 1100 |
| KOTAKBANK | 2021.7 | 2040 |
| KPITTECH | 1262.4 | 1300 |
| LAURUSLABS | 903.8 | 900 |
| LICHSGFIN | 587.3 | 580 |
| LICI | 904.5 | 900 |
| LODHA | 1212.3 | 1200 |
| LT | 3644.5 | 3650 |
| LTF | 248.09 | 245 |
| LTIM | 5260 | 5300 |
| LUPIN | 2004.4 | 2040 |
| M&M | 3584.8 | 3500 |
| MANAPPURAM | 293.9 | 290 |
| MANKIND | 2594.9 | 2600 |
| MARICO | 716.85 | 740 |
| MARUTI | 15816 | 15600 |
| MAXHEALTH | 1171.6 | 1160 |
| MAZDOCK | 2976.4 | 3000 |
| MCX | 7989.5 | 8000 |
| MFSL | 1556.7 | 1540 |
| MOTHERSON | 109.95 | 105 |
| MPHASIS | 2852.4 | 3000 |
| MUTHOOTFIN | 3047.6 | 2900 |
| NATIONALUM | 210.94 | 220 |
| NAUKRI | 1417.7 | 1400 |
| NBCC | 114.95 | 110 |
| NCC | 213.93 | 215 |
| NESTLEIND | 1188.3 | 1200 |
| NHPC | 87.73 | 85 |
| NMDC | 76.86 | 78 |
| NTPC | 339.2 | 335 |
| NUVAMA | 6280.5 | 6300 |
| NYKAA | 242.4 | 240 |
| OBEROIRLTY | 1673.9 | 1680 |
| OFSS | 9056.5 | 9200 |
| OIL | 409.25 | 400 |
| ONGC | 237.47 | 240 |
| PAGEIND | 43405 | 44000 |
| PATANJALI | 597.4 | 600 |
| PAYTM | 1196.2 | 1200 |
| PERSISTENT | 5271 | 5300 |
| PETRONET | 275.9 | 280 |
| PFC | 408.85 | 410 |
| PGEL | 561 | 560 |
| PHOENIXLTD | 1638.3 | 1600 |
| PIDILITIND | 3038 | 3100 |
| PIIND | 3668.9 | 3700 |
| PNB | 113.04 | 110 |
| PNBHOUSING | 859.05 | 840 |
| POLICYBZR | 1796.6 | 1800 |
| POLYCAB | 7657 | 7200 |
| POWERGRID | 286.65 | 290 |
| PPLPHARMA | 202.71 | 205 |
| PRESTIGE | 1617.4 | 1600 |
| RBLBANK | 269.7 | 280 |
| RECLTD | 384 | 380 |
| RELIANCE | 1390.6 | 1400 |
| RVNL | 358.9 | 350 |
| SAIL | 135.49 | 135 |
| SBICARD | 869.05 | 900 |
| SBILIFE | 1857.7 | 1800 |
| SBIN | 855.25 | 850 |
| SHREECEM | 29705 | 27500 |
| SHRIRAMFIN | 627.85 | 640 |
| SIEMENS | 3243.5 | 3300 |
| SILVER | 0 | 127000 |
| SILVERM | 132304 | 130000 |
| SOLARINDS | 14464 | 14500 |
| SONACOMS | 420.6 | 440 |
| SRF | 2914 | 2900 |
| SUNPHARMA | 1644 | 1640 |
| SUPREMEIND | 4371.9 | 4400 |
| SUZLON | 59.93 | 60 |
| SYNGENE | 655.3 | 670 |
| TATACONSUM | 1130.1 | 1100 |
| TATAELXSI | 5607 | 5700 |
| TATAMOTORS | 696.25 | 710 |
| TATAPOWER | 395.3 | 400 |
| TATASTEEL | 171.39 | 170 |
| TATATECH | 702.25 | 700 |
| TCS | 3073.8 | 3100 |
| TECHM | 1505.4 | 1540 |
| TIINDIA | 3350.1 | 3200 |
| TITAGARH | 933.9 | 940 |
| TITAN | 3457.5 | 3500 |
| TORNTPHARM | 3655.9 | 3600 |
| TORNTPOWER | 1268.6 | 1280 |
| TRENT | 5010.5 | 5200 |
| TVSMOTOR | 3525.6 | 3500 |
| ULTRACEMCO | 12650 | 12600 |
| UNIONBANK | 138.81 | 140 |
| UNITDSPR | 1339.9 | 1340 |
| UNOMINDA | 1312.7 | 1320 |
| UPL | 682.8 | 700 |
| VBL | 463.95 | 480 |
| VEDL | 458.45 | 460 |
| VOLTAS | 1376.2 | 1400 |
| WIPRO | 250.33 | 250 |
| YESBANK | 21.21 | 21 |
| ZYDUSLIFE | 1035.7 | 1030 |
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.
