ICICIBANK
Icici Bank Ltd.
Max pain for ICICIBANK
21 Nov 2024 03:40 PM IST
Max Pain for ICICIBANK is 1260
Strike 1040 has a total call value of 0 versus a total put value of 263,374,300,000 Combined total value = 263,374,300,000
Strike 1050 has a total call value of 0 versus a total put value of 249,781,700,000 Combined total value = 249,781,700,000
Strike 1060 has a total call value of 0 versus a total put value of 236,189,100,000 Combined total value = 236,189,100,000
Strike 1070 has a total call value of 16,100,000 versus a total put value of 222,596,500,000 Combined total value = 222,612,600,000
Strike 1080 has a total call value of 32,200,000 versus a total put value of 209,003,900,000 Combined total value = 209,036,100,000
Strike 1090 has a total call value of 48,300,000 versus a total put value of 195,411,300,000 Combined total value = 195,459,600,000
Strike 1100 has a total call value of 64,400,000 versus a total put value of 181,818,700,000 Combined total value = 181,883,100,000
Strike 1110 has a total call value of 80,500,000 versus a total put value of 168,765,800,000 Combined total value = 168,846,300,000
Strike 1120 has a total call value of 96,600,000 versus a total put value of 155,712,900,000 Combined total value = 155,809,500,000
Strike 1130 has a total call value of 123,900,000 versus a total put value of 142,788,800,000 Combined total value = 142,912,700,000
Strike 1140 has a total call value of 151,200,000 versus a total put value of 129,969,700,000 Combined total value = 130,120,900,000
Strike 1150 has a total call value of 178,500,000 versus a total put value of 117,502,700,000 Combined total value = 117,681,200,000
Strike 1160 has a total call value of 205,800,000 versus a total put value of 105,530,600,000 Combined total value = 105,736,400,000
Strike 1170 has a total call value of 233,100,000 versus a total put value of 93,844,100,000 Combined total value = 94,077,200,000
Strike 1180 has a total call value of 260,400,000 versus a total put value of 82,327,700,000 Combined total value = 82,588,100,000
Strike 1190 has a total call value of 314,300,000 versus a total put value of 71,267,700,000 Combined total value = 71,582,000,000
Strike 1200 has a total call value of 378,000,000 versus a total put value of 60,473,000,000 Combined total value = 60,851,000,000
Strike 1210 has a total call value of 612,500,000 versus a total put value of 50,948,100,000 Combined total value = 51,560,600,000
Strike 1220 has a total call value of 880,600,000 versus a total put value of 41,785,100,000 Combined total value = 42,665,700,000
Strike 1230 has a total call value of 1,233,400,000 versus a total put value of 33,189,100,000 Combined total value = 34,422,500,000
Strike 1240 has a total call value of 1,743,000,000 versus a total put value of 25,180,400,000 Combined total value = 26,923,400,000
Strike 1250 has a total call value of 2,888,900,000 versus a total put value of 18,517,100,000 Combined total value = 21,406,000,000
Strike 1260 has a total call value of 5,952,800,000 versus a total put value of 13,866,300,000 Combined total value = 19,819,100,000
Strike 1270 has a total call value of 13,119,400,000 versus a total put value of 10,654,700,000 Combined total value = 23,774,100,000
Strike 1280 has a total call value of 22,126,300,000 versus a total put value of 7,924,700,000 Combined total value = 30,051,000,000
Strike 1290 has a total call value of 32,749,500,000 versus a total put value of 5,642,000,000 Combined total value = 38,391,500,000
Strike 1300 has a total call value of 44,781,100,000 versus a total put value of 3,642,100,000 Combined total value = 48,423,200,000
Strike 1310 has a total call value of 61,693,800,000 versus a total put value of 2,611,000,000 Combined total value = 64,304,800,000
Strike 1320 has a total call value of 79,940,000,000 versus a total put value of 1,832,600,000 Combined total value = 81,772,600,000
Strike 1330 has a total call value of 101,791,900,000 versus a total put value of 1,362,900,000 Combined total value = 103,154,800,000
Strike 1340 has a total call value of 124,624,500,000 versus a total put value of 959,700,000 Combined total value = 125,584,200,000
Strike 1350 has a total call value of 150,030,300,000 versus a total put value of 624,400,000 Combined total value = 150,654,700,000
Strike 1360 has a total call value of 177,293,200,000 versus a total put value of 484,400,000 Combined total value = 177,777,600,000
Strike 1370 has a total call value of 205,213,400,000 versus a total put value of 344,400,000 Combined total value = 205,557,800,000
Strike 1380 has a total call value of 233,454,200,000 versus a total put value of 204,400,000 Combined total value = 233,658,600,000
Strike 1390 has a total call value of 262,250,800,000 versus a total put value of 102,200,000 Combined total value = 262,353,000,000
Strike 1400 has a total call value of 291,299,400,000 versus a total put value of 0 Combined total value = 291,299,400,000
Strike 1410 has a total call value of 322,434,700,000 versus a total put value of 0 Combined total value = 322,434,700,000
Strike 1420 has a total call value of 353,734,500,000 versus a total put value of 0 Combined total value = 353,734,500,000
Strike 1430 has a total call value of 385,506,100,000 versus a total put value of 0 Combined total value = 385,506,100,000
Strike 1440 has a total call value of 417,506,600,000 versus a total put value of 0 Combined total value = 417,506,600,000
Strike 1450 has a total call value of 449,743,700,000 versus a total put value of 0 Combined total value = 449,743,700,000
Strike 1460 has a total call value of 481,980,800,000 versus a total put value of 0 Combined total value = 481,980,800,000
Strike 1470 has a total call value of 514,292,800,000 versus a total put value of 0 Combined total value = 514,292,800,000
Strike 1480 has a total call value of 546,604,800,000 versus a total put value of 0 Combined total value = 546,604,800,000
Strike 1490 has a total call value of 579,000,800,000 versus a total put value of 0 Combined total value = 579,000,800,000
Strike 1500 has a total call value of 611,396,800,000 versus a total put value of 0 Combined total value = 611,396,800,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 980 |
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.
