ICICIBANK
Icici Bank Ltd.
Max pain for ICICIBANK
29 Oct 2024 04:10 PM IST
Max Pain for ICICIBANK is 1290
Strike 1040 has a total call value of 0 versus a total put value of 460,074,300,000 Combined total value = 460,074,300,000
Strike 1050 has a total call value of 15,400,000 versus a total put value of 439,320,700,000 Combined total value = 439,336,100,000
Strike 1060 has a total call value of 30,800,000 versus a total put value of 418,567,100,000 Combined total value = 418,597,900,000
Strike 1070 has a total call value of 75,600,000 versus a total put value of 397,885,600,000 Combined total value = 397,961,200,000
Strike 1080 has a total call value of 120,400,000 versus a total put value of 377,204,100,000 Combined total value = 377,324,500,000
Strike 1090 has a total call value of 165,200,000 versus a total put value of 356,522,600,000 Combined total value = 356,687,800,000
Strike 1100 has a total call value of 210,000,000 versus a total put value of 335,841,100,000 Combined total value = 336,051,100,000
Strike 1110 has a total call value of 263,200,000 versus a total put value of 315,805,700,000 Combined total value = 316,068,900,000
Strike 1120 has a total call value of 316,400,000 versus a total put value of 295,794,100,000 Combined total value = 296,110,500,000
Strike 1130 has a total call value of 369,600,000 versus a total put value of 275,862,300,000 Combined total value = 276,231,900,000
Strike 1140 has a total call value of 422,800,000 versus a total put value of 256,007,500,000 Combined total value = 256,430,300,000
Strike 1150 has a total call value of 476,000,000 versus a total put value of 236,215,000,000 Combined total value = 236,691,000,000
Strike 1160 has a total call value of 651,000,000 versus a total put value of 216,792,800,000 Combined total value = 217,443,800,000
Strike 1170 has a total call value of 826,000,000 versus a total put value of 197,589,000,000 Combined total value = 198,415,000,000
Strike 1180 has a total call value of 1,001,000,000 versus a total put value of 178,532,200,000 Combined total value = 179,533,200,000
Strike 1190 has a total call value of 1,211,700,000 versus a total put value of 159,757,500,000 Combined total value = 160,969,200,000
Strike 1200 has a total call value of 1,446,200,000 versus a total put value of 141,281,700,000 Combined total value = 142,727,900,000
Strike 1210 has a total call value of 2,289,000,000 versus a total put value of 124,231,800,000 Combined total value = 126,520,800,000
Strike 1220 has a total call value of 3,220,000,000 versus a total put value of 107,450,000,000 Combined total value = 110,670,000,000
Strike 1230 has a total call value of 4,303,600,000 versus a total put value of 91,027,300,000 Combined total value = 95,330,900,000
Strike 1240 has a total call value of 6,129,900,000 versus a total put value of 75,694,500,000 Combined total value = 81,824,400,000
Strike 1250 has a total call value of 8,325,800,000 versus a total put value of 61,231,100,000 Combined total value = 69,556,900,000
Strike 1260 has a total call value of 11,914,700,000 versus a total put value of 48,685,000,000 Combined total value = 60,599,700,000
Strike 1270 has a total call value of 17,310,300,000 versus a total put value of 37,437,400,000 Combined total value = 54,747,700,000
Strike 1280 has a total call value of 23,557,800,000 versus a total put value of 27,056,400,000 Combined total value = 50,614,200,000
Strike 1290 has a total call value of 30,986,900,000 versus a total put value of 18,241,300,000 Combined total value = 49,228,200,000
Strike 1300 has a total call value of 39,333,700,000 versus a total put value of 11,259,500,000 Combined total value = 50,593,200,000
Strike 1310 has a total call value of 49,006,300,000 versus a total put value of 6,678,700,000 Combined total value = 55,685,000,000
Strike 1320 has a total call value of 59,508,400,000 versus a total put value of 3,290,700,000 Combined total value = 62,799,100,000
Strike 1330 has a total call value of 71,446,900,000 versus a total put value of 1,647,100,000 Combined total value = 73,094,000,000
Strike 1340 has a total call value of 84,664,300,000 versus a total put value of 986,300,000 Combined total value = 85,650,600,000
Strike 1350 has a total call value of 99,149,400,000 versus a total put value of 620,900,000 Combined total value = 99,770,300,000
Strike 1360 has a total call value of 115,971,100,000 versus a total put value of 464,100,000 Combined total value = 116,435,200,000
Strike 1370 has a total call value of 133,489,300,000 versus a total put value of 331,100,000 Combined total value = 133,820,400,000
Strike 1380 has a total call value of 151,399,500,000 versus a total put value of 218,400,000 Combined total value = 151,617,900,000
Strike 1390 has a total call value of 169,684,200,000 versus a total put value of 111,300,000 Combined total value = 169,795,500,000
Strike 1400 has a total call value of 188,106,800,000 versus a total put value of 4,200,000 Combined total value = 188,111,000,000
Strike 1410 has a total call value of 208,020,400,000 versus a total put value of 3,500,000 Combined total value = 208,023,900,000
Strike 1420 has a total call value of 228,010,300,000 versus a total put value of 2,800,000 Combined total value = 228,013,100,000
Strike 1430 has a total call value of 248,190,600,000 versus a total put value of 2,100,000 Combined total value = 248,192,700,000
Strike 1440 has a total call value of 268,677,500,000 versus a total put value of 1,400,000 Combined total value = 268,678,900,000
Strike 1450 has a total call value of 289,444,400,000 versus a total put value of 700,000 Combined total value = 289,445,100,000
Strike 1460 has a total call value of 310,311,400,000 versus a total put value of 0 Combined total value = 310,311,400,000
Strike 1470 has a total call value of 331,350,600,000 versus a total put value of 0 Combined total value = 331,350,600,000
Strike 1480 has a total call value of 352,434,600,000 versus a total put value of 0 Combined total value = 352,434,600,000
Strike 1490 has a total call value of 373,735,600,000 versus a total put value of 0 Combined total value = 373,735,600,000
Strike 1500 has a total call value of 395,044,300,000 versus a total put value of 0 Combined total value = 395,044,300,000
Strike 1510 has a total call value of 416,523,100,000 versus a total put value of 0 Combined total value = 416,523,100,000
Strike 1520 has a total call value of 438,039,000,000 versus a total put value of 0 Combined total value = 438,039,000,000
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.