ICICIBANK
Icici Bank Ltd.
Max pain for ICICIBANK
23 May 2025 01:20 PM IST
Max Pain for ICICIBANK is 1440
Strike 1080 has a total call value of 0 versus a total put value of 550,155,900,000 Combined total value = 550,155,900,000
Strike 1090 has a total call value of 0 versus a total put value of 531,389,600,000 Combined total value = 531,389,600,000
Strike 1100 has a total call value of 0 versus a total put value of 512,623,300,000 Combined total value = 512,623,300,000
Strike 1110 has a total call value of 0 versus a total put value of 493,937,500,000 Combined total value = 493,937,500,000
Strike 1120 has a total call value of 0 versus a total put value of 475,251,700,000 Combined total value = 475,251,700,000
Strike 1130 has a total call value of 0 versus a total put value of 456,565,900,000 Combined total value = 456,565,900,000
Strike 1140 has a total call value of 0 versus a total put value of 437,880,100,000 Combined total value = 437,880,100,000
Strike 1150 has a total call value of 0 versus a total put value of 419,194,300,000 Combined total value = 419,194,300,000
Strike 1160 has a total call value of 0 versus a total put value of 400,567,300,000 Combined total value = 400,567,300,000
Strike 1170 has a total call value of 0 versus a total put value of 382,007,500,000 Combined total value = 382,007,500,000
Strike 1180 has a total call value of 0 versus a total put value of 363,455,400,000 Combined total value = 363,455,400,000
Strike 1190 has a total call value of 0 versus a total put value of 344,903,300,000 Combined total value = 344,903,300,000
Strike 1200 has a total call value of 0 versus a total put value of 326,351,200,000 Combined total value = 326,351,200,000
Strike 1210 has a total call value of 27,300,000 versus a total put value of 308,564,200,000 Combined total value = 308,591,500,000
Strike 1220 has a total call value of 54,600,000 versus a total put value of 290,777,200,000 Combined total value = 290,831,800,000
Strike 1230 has a total call value of 81,900,000 versus a total put value of 273,037,100,000 Combined total value = 273,119,000,000
Strike 1240 has a total call value of 109,200,000 versus a total put value of 255,585,400,000 Combined total value = 255,694,600,000
Strike 1250 has a total call value of 136,500,000 versus a total put value of 238,354,900,000 Combined total value = 238,491,400,000
Strike 1260 has a total call value of 270,900,000 versus a total put value of 221,849,600,000 Combined total value = 222,120,500,000
Strike 1270 has a total call value of 405,300,000 versus a total put value of 205,587,200,000 Combined total value = 205,992,500,000
Strike 1280 has a total call value of 539,700,000 versus a total put value of 189,655,900,000 Combined total value = 190,195,600,000
Strike 1290 has a total call value of 674,100,000 versus a total put value of 173,916,400,000 Combined total value = 174,590,500,000
Strike 1300 has a total call value of 808,500,000 versus a total put value of 158,257,400,000 Combined total value = 159,065,900,000
Strike 1310 has a total call value of 1,138,900,000 versus a total put value of 143,937,500,000 Combined total value = 145,076,400,000
Strike 1320 has a total call value of 1,469,300,000 versus a total put value of 129,840,900,000 Combined total value = 131,310,200,000
Strike 1330 has a total call value of 1,799,700,000 versus a total put value of 115,948,000,000 Combined total value = 117,747,700,000
Strike 1340 has a total call value of 2,130,100,000 versus a total put value of 102,305,000,000 Combined total value = 104,435,100,000
Strike 1350 has a total call value of 2,460,500,000 versus a total put value of 89,054,700,000 Combined total value = 91,515,200,000
Strike 1360 has a total call value of 2,973,600,000 versus a total put value of 76,937,000,000 Combined total value = 79,910,600,000
Strike 1370 has a total call value of 3,486,700,000 versus a total put value of 65,116,100,000 Combined total value = 68,602,800,000
Strike 1380 has a total call value of 3,999,800,000 versus a total put value of 53,569,600,000 Combined total value = 57,569,400,000
Strike 1390 has a total call value of 4,732,700,000 versus a total put value of 42,585,900,000 Combined total value = 47,318,600,000
Strike 1400 has a total call value of 5,465,600,000 versus a total put value of 32,249,000,000 Combined total value = 37,714,600,000
Strike 1410 has a total call value of 7,058,100,000 versus a total put value of 24,166,100,000 Combined total value = 31,224,200,000
Strike 1420 has a total call value of 8,984,500,000 versus a total put value of 17,087,700,000 Combined total value = 26,072,200,000
Strike 1430 has a total call value of 11,443,600,000 versus a total put value of 11,732,000,000 Combined total value = 23,175,600,000
Strike 1440 has a total call value of 14,453,600,000 versus a total put value of 7,305,200,000 Combined total value = 21,758,800,000
Strike 1450 has a total call value of 19,062,400,000 versus a total put value of 4,408,600,000 Combined total value = 23,471,000,000
Strike 1460 has a total call value of 26,443,900,000 versus a total put value of 2,813,300,000 Combined total value = 29,257,200,000
Strike 1470 has a total call value of 38,111,500,000 versus a total put value of 1,680,000,000 Combined total value = 39,791,500,000
Strike 1480 has a total call value of 53,321,100,000 versus a total put value of 910,000,000 Combined total value = 54,231,100,000
Strike 1490 has a total call value of 70,609,000,000 versus a total put value of 567,700,000 Combined total value = 71,176,700,000
Strike 1500 has a total call value of 88,442,200,000 versus a total put value of 225,400,000 Combined total value = 88,667,600,000
Strike 1510 has a total call value of 109,263,000,000 versus a total put value of 165,900,000 Combined total value = 109,428,900,000
Strike 1520 has a total call value of 130,404,400,000 versus a total put value of 106,400,000 Combined total value = 130,510,800,000
Strike 1530 has a total call value of 152,211,500,000 versus a total put value of 93,100,000 Combined total value = 152,304,600,000
Strike 1540 has a total call value of 174,444,200,000 versus a total put value of 79,800,000 Combined total value = 174,524,000,000
Strike 1550 has a total call value of 197,214,500,000 versus a total put value of 66,500,000 Combined total value = 197,281,000,000
Strike 1560 has a total call value of 220,458,700,000 versus a total put value of 53,200,000 Combined total value = 220,511,900,000
Strike 1570 has a total call value of 244,503,000,000 versus a total put value of 39,900,000 Combined total value = 244,542,900,000
Strike 1580 has a total call value of 268,547,300,000 versus a total put value of 26,600,000 Combined total value = 268,573,900,000
Strike 1590 has a total call value of 293,002,500,000 versus a total put value of 13,300,000 Combined total value = 293,015,800,000
Strike 1600 has a total call value of 317,457,700,000 versus a total put value of 0 Combined total value = 317,457,700,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 467.9 | 460 |
| ABB | 5960 | 5800 |
| ABCAPITAL | 223.4 | 215 |
| ABFRL | 88.8 | 90 |
| ACC | 1956.8 | 1960 |
| ADANIENSOL | 879.05 | 880 |
| ADANIENT | 2537.1 | 2500 |
| ADANIGREEN | 993.25 | 960 |
| ADANIPORTS | 1396.3 | 1340 |
| ALKEM | 5290 | 5300 |
| AMBUJACEM | 573.5 | 570 |
| ANGELONE | 3053.9 | 2800 |
| APLAPOLLO | 1830.1 | 1700 |
| APOLLOHOSP | 7065 | 7000 |
| APOLLOTYRE | 494.85 | 485 |
| ASHOKLEY | 239.74 | 235 |
| ASIANPAINT | 2320.8 | 2340 |
| ASTRAL | 1459.9 | 1400 |
| ATGL | 663.35 | 650 |
| AUBANK | 695.35 | 670 |
| AUROPHARMA | 1186.7 | 1220 |
| AXISBANK | 1209.5 | 1190 |
| BAJAJ-AUTO | 8761 | 8600 |
| BAJAJFINSV | 2046.9 | 2020 |
| BAJFINANCE | 9279 | 9100 |
| BALKRISIND | 2633 | 2680 |
| BANDHANBNK | 165.57 | 165 |
| BANKBARODA | 243.33 | 240 |
| BANKINDIA | 116.9 | 115 |
| BEL | 385.3 | 370 |
| BHARATFORG | 1246.6 | 1200 |
| BHARTIARTL | 1840.4 | 1840 |
| BHEL | 254.02 | 250 |
| BIOCON | 331.5 | 335 |
| BOSCHLTD | 32085 | 31000 |
| BPCL | 319.2 | 310 |
| BRITANNIA | 5474 | 5450 |
| BSE | 2447 | 2333.35 |
| BSOFT | 426.65 | 420 |
| CAMS | 3890.8 | 3800 |
| CANBK | 107.54 | 105 |
| CDSL | 1460.6 | 1400 |
| CESC | 170.36 | 165 |
| CGPOWER | 698.3 | 670 |
| CHAMBLFERT | 588.4 | 610 |
| CHOLAFIN | 1622.5 | 1600 |
| CIPLA | 1485 | 1500 |
| COALINDIA | 402 | 400 |
| COFORGE | 8400.5 | 7800 |
| COLPAL | 2480.5 | 2500 |
| CONCOR | 714.05 | 720 |
| CROMPTON | 352 | 345 |
| CUMMINSIND | 2941.1 | 2950 |
| CYIENT | 1324.6 | 1240 |
| DABUR | 482.1 | 480 |
| DALBHARAT | 2145.8 | 2020 |
| DEEPAKNTR | 2078.7 | 2080 |
| DELHIVERY | 355.4 | 340 |
| DIVISLAB | 6491.5 | 6400 |
| DIXON | 15116 | 15500 |
| DLF | 774.55 | 750 |
| DMART | 4124 | 4100 |
| DRREDDY | 1228 | 1200 |
| EICHERMOT | 5405 | 5400 |
| ESCORTS | 3543.7 | 3400 |
| ETERNAL | 239.58 | 235 |
| EXIDEIND | 383.25 | 380 |
| FEDERALBNK | 202.9 | 195 |
| GAIL | 191.79 | 190 |
| GLENMARK | 1412.6 | 1420 |
| GMRAIRPORT | 87 | 88 |
| GODREJCP | 1280.9 | 1270 |
| GODREJPROP | 2174.9 | 2200 |
| GRANULES | 515.45 | 500 |
| GRASIM | 2688 | 2700 |
| HAL | 5000.6 | 4900 |
| HAVELLS | 1583 | 1600 |
| HCLTECH | 1656.5 | 1600 |
| HDFCAMC | 4801.6 | 4700 |
| HDFCBANK | 1934.1 | 1920 |
| HDFCLIFE | 774.5 | 745 |
| HEROMOTOCO | 4314 | 4100 |
| HFCL | 86.65 | 85 |
| HINDALCO | 654.7 | 650 |
| HINDCOPPER | 237 | 230 |
| HINDPETRO | 409.15 | 400 |
| HINDUNILVR | 2356.2 | 2360 |
| HINDZINC | 447 | 440 |
| HUDCO | 227.86 | 225 |
| ICICIBANK | 1450.1 | 1440 |
| ICICIGI | 1900.7 | 1880 |
| ICICIPRULI | 639.75 | 620 |
| IDEA | 6.78 | 7 |
| IDFCFIRSTB | 67.05 | 67 |
| IEX | 195.45 | 195 |
| IGL | 205.64 | 200 |
| IIFL | 413.6 | 400 |
| INDHOTEL | 771.2 | 770 |
| INDIANB | 591 | 590 |
| INDIGO | 5529 | 5450 |
| INDUSINDBK | 790 | 800 |
| INDUSTOWER | 383.05 | 390 |
| INFY | 1577.4 | 1540 |
| INOXWIND | 185.84 | 180 |
| IOC | 144.46 | 143 |
| IRB | 50.89 | 50 |
| IRCTC | 784.8 | 790 |
| IREDA | 171.49 | 170 |
| IRFC | 137.02 | 132.5 |
| ITC | 437.4 | 430 |
| JINDALSTEL | 958.1 | 940 |
| JIOFIN | 282.7 | 270 |
| JSL | 650.75 | 640 |
| JSWENERGY | 499.9 | 490 |
| JSWSTEEL | 1014.6 | 1000 |
| JUBLFOOD | 666.45 | 680 |
| KALYANKJIL | 554.5 | 540 |
| KEI | 3432.9 | 3350 |
| KOTAKBANK | 2099.6 | 2100 |
| KPITTECH | 1335.9 | 1300 |
| LAURUSLABS | 593.3 | 600 |
| LICHSGFIN | 598.95 | 600 |
| LICI | 859.2 | 840 |
| LODHA | 1417.5 | 1360 |
| LT | 3601.8 | 3500 |
| LTF | 173.16 | 170 |
| LTIM | 5071.9 | 4900 |
| LUPIN | 1973.4 | 2000 |
| M&M | 3004.9 | 3000 |
| M&MFIN | 255.9 | 255 |
| MANAPPURAM | 231.33 | 230 |
| MARICO | 700.55 | 710 |
| MARUTI | 12450 | 12200 |
| MAXHEALTH | 1167 | 1160 |
| MCX | 6506.5 | 6300 |
| MFSL | 1462.5 | 1400 |
| MGL | 1348.2 | 1360 |
| MOTHERSON | 148.32 | 145 |
| MPHASIS | 2556.8 | 2540 |
| MRF | 143500 | 141000 |
| MUTHOOTFIN | 2091 | 2100 |
| NATIONALUM | 184.17 | 180 |
| NAUKRI | 1486 | 1440 |
| NBCC | 112.55 | 110 |
| NCC | 233.26 | 230 |
| NESTLEIND | 2400.7 | 2380 |
| NHPC | 86.04 | 86 |
| NMDC | 72.78 | 70 |
| NTPC | 343.85 | 345 |
| NYKAA | 202.68 | 200 |
| OBEROIRLTY | 1745.5 | 1700 |
| OFSS | 8392 | 8435 |
| OIL | 428.85 | 410 |
| ONGC | 244.11 | 240 |
| PAGEIND | 47710 | 47000 |
| PATANJALI | 1701.2 | 1760 |
| PAYTM | 848 | 840 |
| PEL | 1091.9 | 1100 |
| PERSISTENT | 5681.5 | 5600 |
| PETRONET | 319.2 | 320 |
| PFC | 405.8 | 420 |
| PHOENIXLTD | 1598.1 | 1600 |
| PIDILITIND | 3014.8 | 3020 |
| PIIND | 3687.8 | 3700 |
| PNB | 100.64 | 100 |
| PNBHOUSING | 1048 | 1060 |
| POLICYBZR | 1777 | 1700 |
| POLYCAB | 5900 | 5900 |
| POONAWALLA | 397.1 | 390 |
| POWERGRID | 298.05 | 300 |
| PRESTIGE | 1434.5 | 1400 |
| RAMCOCEM | 1006.35 | 990 |
| RBLBANK | 209.59 | 207.5 |
| RECLTD | 401.95 | 410 |
| RELIANCE | 1429.5 | 1390 |
| SAIL | 126.1 | 122.5 |
| SBICARD | 900.3 | 890 |
| SBILIFE | 1804.8 | 1760 |
| SBIN | 792.6 | 790 |
| SHREECEM | 31550 | 31000 |
| SHRIRAMFIN | 660.4 | 640 |
| SIEMENS | 3263.2 | 3100 |
| SJVN | 100.53 | 100 |
| SOLARINDS | 15096 | 14500 |
| SONACOMS | 535.7 | 510 |
| SRF | 2889.7 | 2950 |
| SUNPHARMA | 1671.4 | 1700 |
| SUPREMEIND | 3892.7 | 3800 |
| SYNGENE | 635.05 | 640 |
| TATACHEM | 881.1 | 860 |
| TATACOMM | 1676.3 | 1620 |
| TATACONSUM | 1146.5 | 1140 |
| TATAELXSI | 6280 | 6000 |
| TATAMOTORS | 720.2 | 700 |
| TATAPOWER | 401.7 | 400 |
| TATASTEEL | 162.84 | 155 |
| TATATECH | 768.65 | 720 |
| TCS | 3519.3 | 3500 |
| TECHM | 1589 | 1540 |
| TIINDIA | 3022.4 | 3000 |
| TITAGARH | 894.5 | 880 |
| TITAN | 3592.5 | 3500 |
| TORNTPHARM | 3160 | 3250 |
| TORNTPOWER | 1401.3 | 1420 |
| TRENT | 5451 | 5400 |
| TVSMOTOR | 2787.4 | 2780 |
| ULTRACEMCO | 11790 | 11800 |
| UNIONBANK | 141.15 | 135 |
| UNITDSPR | 1586 | 1560 |
| UPL | 630.2 | 650 |
| VBL | 487.2 | 490 |
| VEDL | 441 | 440 |
| VOLTAS | 1269.8 | 1280 |
| WIPRO | 248.79 | 247.5 |
| YESBANK | 21.15 | 20 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 907.45 | 900 |
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.
