ICICIBANK
ICICI BANK LTD.
Max pain for ICICIBANK
29 Nov 2023 04:16 PM IST
Max Pain for ICICIBANK is 930
Strike 800 has a total call value of 0 versus a total put value of 102,394,250,000 Combined total value = 102,394,250,000
Strike 805 has a total call value of 13,300,000 versus a total put value of 97,665,050,000 Combined total value = 97,678,350,000
Strike 810 has a total call value of 26,600,000 versus a total put value of 92,935,850,000 Combined total value = 92,962,450,000
Strike 815 has a total call value of 49,350,000 versus a total put value of 88,237,450,000 Combined total value = 88,286,800,000
Strike 820 has a total call value of 72,100,000 versus a total put value of 83,539,050,000 Combined total value = 83,611,150,000
Strike 825 has a total call value of 94,850,000 versus a total put value of 78,886,500,000 Combined total value = 78,981,350,000
Strike 830 has a total call value of 117,600,000 versus a total put value of 74,233,950,000 Combined total value = 74,351,550,000
Strike 835 has a total call value of 147,700,000 versus a total put value of 69,629,700,000 Combined total value = 69,777,400,000
Strike 840 has a total call value of 177,800,000 versus a total put value of 65,025,450,000 Combined total value = 65,203,250,000
Strike 845 has a total call value of 207,900,000 versus a total put value of 60,485,250,000 Combined total value = 60,693,150,000
Strike 850 has a total call value of 238,000,000 versus a total put value of 55,968,500,000 Combined total value = 56,206,500,000
Strike 855 has a total call value of 329,700,000 versus a total put value of 51,863,700,000 Combined total value = 52,193,400,000
Strike 860 has a total call value of 421,400,000 versus a total put value of 47,784,450,000 Combined total value = 48,205,850,000
Strike 865 has a total call value of 513,100,000 versus a total put value of 43,785,350,000 Combined total value = 44,298,450,000
Strike 870 has a total call value of 604,800,000 versus a total put value of 39,990,300,000 Combined total value = 40,595,100,000
Strike 875 has a total call value of 719,250,000 versus a total put value of 36,275,750,000 Combined total value = 36,995,000,000
Strike 880 has a total call value of 833,700,000 versus a total put value of 32,624,550,000 Combined total value = 33,458,250,000
Strike 885 has a total call value of 993,650,000 versus a total put value of 29,102,850,000 Combined total value = 30,096,500,000
Strike 890 has a total call value of 1,153,600,000 versus a total put value of 25,636,100,000 Combined total value = 26,789,700,000
Strike 895 has a total call value of 1,380,750,000 versus a total put value of 22,268,400,000 Combined total value = 23,649,150,000
Strike 900 has a total call value of 1,615,250,000 versus a total put value of 18,954,600,000 Combined total value = 20,569,850,000
Strike 905 has a total call value of 2,018,800,000 versus a total put value of 16,255,750,000 Combined total value = 18,274,550,000
Strike 910 has a total call value of 2,446,150,000 versus a total put value of 13,645,800,000 Combined total value = 16,091,950,000
Strike 915 has a total call value of 2,916,550,000 versus a total put value of 11,324,250,000 Combined total value = 14,240,800,000
Strike 920 has a total call value of 3,413,550,000 versus a total put value of 9,073,050,000 Combined total value = 12,486,600,000
Strike 925 has a total call value of 4,049,150,000 versus a total put value of 7,151,200,000 Combined total value = 11,200,350,000
Strike 930 has a total call value of 4,786,250,000 versus a total put value of 5,344,850,000 Combined total value = 10,131,100,000
Strike 935 has a total call value of 6,113,800,000 versus a total put value of 4,258,100,000 Combined total value = 10,371,900,000
Strike 940 has a total call value of 7,568,400,000 versus a total put value of 3,332,350,000 Combined total value = 10,900,750,000
Strike 945 has a total call value of 10,045,350,000 versus a total put value of 2,791,600,000 Combined total value = 12,836,950,000
Strike 950 has a total call value of 12,793,550,000 versus a total put value of 2,332,400,000 Combined total value = 15,125,950,000
Strike 955 has a total call value of 17,078,250,000 versus a total put value of 2,010,750,000 Combined total value = 19,089,000,000
Strike 960 has a total call value of 21,469,700,000 versus a total put value of 1,716,050,000 Combined total value = 23,185,750,000
Strike 965 has a total call value of 26,238,100,000 versus a total put value of 1,460,550,000 Combined total value = 27,698,650,000
Strike 970 has a total call value of 31,103,800,000 versus a total put value of 1,218,000,000 Combined total value = 32,321,800,000
Strike 975 has a total call value of 36,177,050,000 versus a total put value of 1,001,350,000 Combined total value = 37,178,400,000
Strike 980 has a total call value of 41,296,500,000 versus a total put value of 784,700,000 Combined total value = 42,081,200,000
Strike 985 has a total call value of 46,642,050,000 versus a total put value of 676,550,000 Combined total value = 47,318,600,000
Strike 990 has a total call value of 52,030,650,000 versus a total put value of 568,400,000 Combined total value = 52,599,050,000
Strike 995 has a total call value of 57,472,100,000 versus a total put value of 460,250,000 Combined total value = 57,932,350,000
Strike 1000 has a total call value of 62,948,900,000 versus a total put value of 352,100,000 Combined total value = 63,301,000,000
Strike 1005 has a total call value of 69,213,900,000 versus a total put value of 324,450,000 Combined total value = 69,538,350,000
Strike 1010 has a total call value of 75,493,250,000 versus a total put value of 296,800,000 Combined total value = 75,790,050,000
Strike 1015 has a total call value of 81,963,350,000 versus a total put value of 269,150,000 Combined total value = 82,232,500,000
Strike 1020 has a total call value of 88,433,450,000 versus a total put value of 241,500,000 Combined total value = 88,674,950,000
Strike 1025 has a total call value of 95,089,750,000 versus a total put value of 213,850,000 Combined total value = 95,303,600,000
Strike 1030 has a total call value of 101,765,300,000 versus a total put value of 186,200,000 Combined total value = 101,951,500,000
Strike 1035 has a total call value of 108,481,100,000 versus a total put value of 158,550,000 Combined total value = 108,639,650,000
Strike 1040 has a total call value of 115,196,900,000 versus a total put value of 130,900,000 Combined total value = 115,327,800,000
Strike 1045 has a total call value of 121,933,350,000 versus a total put value of 105,700,000 Combined total value = 122,039,050,000
Strike 1050 has a total call value of 128,669,800,000 versus a total put value of 80,500,000 Combined total value = 128,750,300,000
Strike 1055 has a total call value of 135,527,350,000 versus a total put value of 72,450,000 Combined total value = 135,599,800,000
Strike 1060 has a total call value of 142,384,900,000 versus a total put value of 64,400,000 Combined total value = 142,449,300,000
Strike 1065 has a total call value of 149,242,450,000 versus a total put value of 56,350,000 Combined total value = 149,298,800,000
Strike 1070 has a total call value of 156,100,000,000 versus a total put value of 48,300,000 Combined total value = 156,148,300,000
Strike 1075 has a total call value of 162,957,550,000 versus a total put value of 40,250,000 Combined total value = 162,997,800,000
Strike 1080 has a total call value of 169,815,100,000 versus a total put value of 32,200,000 Combined total value = 169,847,300,000
Strike 1085 has a total call value of 176,672,650,000 versus a total put value of 24,150,000 Combined total value = 176,696,800,000
Strike 1090 has a total call value of 183,530,200,000 versus a total put value of 16,100,000 Combined total value = 183,546,300,000
Strike 1095 has a total call value of 190,387,750,000 versus a total put value of 8,050,000 Combined total value = 190,395,800,000
Strike 1100 has a total call value of 197,245,300,000 versus a total put value of 0 Combined total value = 197,245,300,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.