ICICIBANK
Icici Bank Ltd.
Max pain for ICICIBANK
14 Jan 2025 02:10 PM IST
Max Pain for ICICIBANK is 1270
Strike 1080 has a total call value of 0 versus a total put value of 227,675,000,000 Combined total value = 227,675,000,000
Strike 1090 has a total call value of 0 versus a total put value of 212,536,800,000 Combined total value = 212,536,800,000
Strike 1100 has a total call value of 0 versus a total put value of 197,398,600,000 Combined total value = 197,398,600,000
Strike 1110 has a total call value of 23,100,000 versus a total put value of 182,529,900,000 Combined total value = 182,553,000,000
Strike 1120 has a total call value of 46,200,000 versus a total put value of 167,661,200,000 Combined total value = 167,707,400,000
Strike 1130 has a total call value of 69,300,000 versus a total put value of 153,091,400,000 Combined total value = 153,160,700,000
Strike 1140 has a total call value of 92,400,000 versus a total put value of 138,673,500,000 Combined total value = 138,765,900,000
Strike 1150 has a total call value of 115,500,000 versus a total put value of 124,893,300,000 Combined total value = 125,008,800,000
Strike 1160 has a total call value of 138,600,000 versus a total put value of 111,559,000,000 Combined total value = 111,697,600,000
Strike 1170 has a total call value of 164,500,000 versus a total put value of 99,008,000,000 Combined total value = 99,172,500,000
Strike 1180 has a total call value of 191,800,000 versus a total put value of 86,842,000,000 Combined total value = 87,033,800,000
Strike 1190 has a total call value of 236,600,000 versus a total put value of 75,278,700,000 Combined total value = 75,515,300,000
Strike 1200 has a total call value of 320,600,000 versus a total put value of 64,126,300,000 Combined total value = 64,446,900,000
Strike 1210 has a total call value of 627,900,000 versus a total put value of 54,797,400,000 Combined total value = 55,425,300,000
Strike 1220 has a total call value of 974,400,000 versus a total put value of 46,088,700,000 Combined total value = 47,063,100,000
Strike 1230 has a total call value of 1,518,300,000 versus a total put value of 38,398,500,000 Combined total value = 39,916,800,000
Strike 1240 has a total call value of 2,460,500,000 versus a total put value of 31,588,200,000 Combined total value = 34,048,700,000
Strike 1250 has a total call value of 4,088,700,000 versus a total put value of 25,492,600,000 Combined total value = 29,581,300,000
Strike 1260 has a total call value of 6,597,500,000 versus a total put value of 20,253,100,000 Combined total value = 26,850,600,000
Strike 1270 has a total call value of 9,943,500,000 versus a total put value of 15,646,400,000 Combined total value = 25,589,900,000
Strike 1280 has a total call value of 14,423,500,000 versus a total put value of 11,561,200,000 Combined total value = 25,984,700,000
Strike 1290 has a total call value of 20,099,800,000 versus a total put value of 8,091,300,000 Combined total value = 28,191,100,000
Strike 1300 has a total call value of 26,716,200,000 versus a total put value of 4,969,300,000 Combined total value = 31,685,500,000
Strike 1310 has a total call value of 37,047,500,000 versus a total put value of 3,601,500,000 Combined total value = 40,649,000,000
Strike 1320 has a total call value of 48,148,800,000 versus a total put value of 2,554,300,000 Combined total value = 50,703,100,000
Strike 1330 has a total call value of 61,116,300,000 versus a total put value of 1,920,800,000 Combined total value = 63,037,100,000
Strike 1340 has a total call value of 74,648,700,000 versus a total put value of 1,439,900,000 Combined total value = 76,088,600,000
Strike 1350 has a total call value of 89,067,300,000 versus a total put value of 959,000,000 Combined total value = 90,026,300,000
Strike 1360 has a total call value of 105,217,700,000 versus a total put value of 767,200,000 Combined total value = 105,984,900,000
Strike 1370 has a total call value of 122,052,000,000 versus a total put value of 575,400,000 Combined total value = 122,627,400,000
Strike 1380 has a total call value of 139,218,800,000 versus a total put value of 383,600,000 Combined total value = 139,602,400,000
Strike 1390 has a total call value of 156,926,000,000 versus a total put value of 191,800,000 Combined total value = 157,117,800,000
Strike 1400 has a total call value of 175,455,000,000 versus a total put value of 0 Combined total value = 175,455,000,000
Strike 1410 has a total call value of 195,601,700,000 versus a total put value of 0 Combined total value = 195,601,700,000
Strike 1420 has a total call value of 216,328,000,000 versus a total put value of 0 Combined total value = 216,328,000,000
Strike 1430 has a total call value of 237,379,100,000 versus a total put value of 0 Combined total value = 237,379,100,000
Strike 1440 has a total call value of 258,643,700,000 versus a total put value of 0 Combined total value = 258,643,700,000
Strike 1450 has a total call value of 280,067,900,000 versus a total put value of 0 Combined total value = 280,067,900,000
Strike 1460 has a total call value of 301,767,200,000 versus a total put value of 0 Combined total value = 301,767,200,000
Strike 1470 has a total call value of 323,630,300,000 versus a total put value of 0 Combined total value = 323,630,300,000
Strike 1480 has a total call value of 345,493,400,000 versus a total put value of 0 Combined total value = 345,493,400,000
Strike 1490 has a total call value of 367,451,700,000 versus a total put value of 0 Combined total value = 367,451,700,000
Strike 1500 has a total call value of 389,410,000,000 versus a total put value of 0 Combined total value = 389,410,000,000
Strike 1510 has a total call value of 411,664,400,000 versus a total put value of 0 Combined total value = 411,664,400,000
Strike 1520 has a total call value of 433,918,800,000 versus a total put value of 0 Combined total value = 433,918,800,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 409.35 | 420 |
| ABB | 6149.35 | 6600 |
| ABBOTINDIA | 28245.4 | 29000 |
| ABCAPITAL | 174.3 | 182.5 |
| ABFRL | 270.65 | 280 |
| ACC | 1942 | 2060 |
| ADANIENSOL | 779.6 | 780 |
| ADANIENT | 2383.9 | 2500 |
| ADANIGREEN | 1008.5 | 1000 |
| ADANIPORTS | 1123.85 | 1180 |
| ALKEM | 5276.15 | 5400 |
| AMBUJACEM | 514.45 | 550 |
| ANGELONE | 2391.2 | 2500 |
| APLAPOLLO | 1468.4 | 1500 |
| APOLLOHOSP | 6702.45 | 7050 |
| APOLLOTYRE | 453.4 | 470 |
| ASHOKLEY | 210.45 | 220 |
| ASIANPAINT | 2249.35 | 2300 |
| ASTRAL | 1489.7 | 1600 |
| ATGL | 678.75 | 670 |
| ATUL | 6752.1 | 6700 |
| AUBANK | 578 | 565 |
| AUROPHARMA | 1179.1 | 1220 |
| AXISBANK | 1056.7 | 1080 |
| BAJAJ-AUTO | 8572.45 | 8900 |
| BAJAJFINSV | 1705.2 | 1640 |
| BAJFINANCE | 7343 | 7200 |
| BALKRISIND | 2707.5 | 2800 |
| BANDHANBNK | 145.84 | 160 |
| BANKBARODA | 224.8 | 240 |
| BANKINDIA | 94.28 | 98 |
| BATAINDIA | 1342.75 | 1380 |
| BEL | 268.35 | 280 |
| BERGEPAINT | 463.25 | 460 |
| BHARATFORG | 1193.15 | 1260 |
| BHARTIARTL | 1586.4 | 1600 |
| BHEL | 196.55 | 220 |
| BIOCON | 389 | 375 |
| BOSCHLTD | 31572.4 | 33000 |
| BPCL | 270.1 | 280 |
| BRITANNIA | 4874.95 | 4850 |
| BSE | 5459.35 | 5300 |
| BSOFT | 533.2 | 560 |
| CAMS | 4238.85 | 4700 |
| CANBK | 93.24 | 98 |
| CANFINHOME | 667.3 | 700 |
| CDSL | 1574 | 1700 |
| CESC | 153.78 | 160 |
| CGPOWER | 633.45 | 660 |
| CHAMBLFERT | 474.15 | 490 |
| CHOLAFIN | 1270.45 | 1260 |
| CIPLA | 1445.7 | 1500 |
| COALINDIA | 368.35 | 385 |
| COFORGE | 8581.55 | 9100 |
| COLPAL | 2696.3 | 2800 |
| CONCOR | 762.35 | 780 |
| COROMANDEL | 1823.3 | 1880 |
| CROMPTON | 358.6 | 370 |
| CUB | 167 | 170 |
| CUMMINSIND | 2944.2 | 3150 |
| CYIENT | 1690.85 | 1720 |
| DABUR | 510.95 | 515 |
| DALBHARAT | 1729.8 | 1740 |
| DEEPAKNTR | 2343.15 | 2450 |
| DELHIVERY | 325 | 335 |
| DIVISLAB | 5950.85 | 5900 |
| DIXON | 16245.6 | 17000 |
| DLF | 724.5 | 770 |
| DMART | 3466.85 | 3700 |
| DRREDDY | 1338 | 1350 |
| EICHERMOT | 5030.15 | 5000 |
| ESCORTS | 3449.3 | 3300 |
| EXIDEIND | 382.15 | 410 |
| FEDERALBNK | 193.55 | 197.5 |
| GAIL | 175.47 | 190 |
| GLENMARK | 1514.65 | 1560 |
| GMRAIRPORT | 71.64 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 537 | 550 |
| GODREJCP | 1136.75 | 1140 |
| GODREJPROP | 2300.55 | 2500 |
| GRANULES | 590.65 | 590 |
| GRASIM | 2303.6 | 2480 |
| GUJGASLTD | 486.85 | 495 |
| HAL | 3825.95 | 4150 |
| HAVELLS | 1540.75 | 1600 |
| HCLTECH | 1826.75 | 1840 |
| HDFCAMC | 3921.85 | 3950 |
| HDFCBANK | 1654.95 | 1700 |
| HDFCLIFE | 600.3 | 620 |
| HEROMOTOCO | 4106.65 | 4200 |
| HFCL | 97.86 | 105 |
| HINDALCO | 586.95 | 600 |
| HINDCOPPER | 223.41 | 250 |
| HINDPETRO | 371.45 | 390 |
| HINDUNILVR | 2371.2 | 2400 |
| HUDCO | 214.1 | 220 |
| ICICIBANK | 1242.6 | 1270 |
| ICICIGI | 1828 | 1860 |
| ICICIPRULI | 640.05 | 650 |
| IDEA | 8.12 | 8 |
| IDFCFIRSTB | 62.14 | 63 |
| IEX | 167.1 | 177.5 |
| IGL | 410.5 | 410 |
| INDHOTEL | 773 | 800 |
| INDIAMART | 2247.15 | 2300 |
| INDIANB | 504.95 | 520 |
| INDIGO | 3994.1 | 4300 |
| INDUSINDBK | 971.15 | 980 |
| INDUSTOWER | 338.55 | 340 |
| INFY | 1938.25 | 1940 |
| IOC | 126.19 | 135 |
| IPCALAB | 1589.7 | 1640 |
| IRB | 51.21 | 55 |
| IRCTC | 758 | 790 |
| IRFC | 134.79 | 137.5 |
| ITC | 436.9 | 445 |
| JINDALSTEL | 911.75 | 940 |
| JIOFIN | 271.9 | 285 |
| JKCEMENT | 4369.2 | 4500 |
| JSL | 628.55 | 630 |
| JSWENERGY | 549.9 | 570 |
| JSWSTEEL | 900.95 | 920 |
| JUBLFOOD | 708.55 | 730 |
| KALYANKJIL | 597.45 | 640 |
| KEI | 4028.25 | 4200 |
| KOTAKBANK | 1766.1 | 1800 |
| KPITTECH | 1326.95 | 1400 |
| LALPATHLAB | 2810.95 | 2950 |
| LAURUSLABS | 566.5 | 590 |
| LICHSGFIN | 551.8 | 580 |
| LICI | 819.4 | 860 |
| LODHA | 1142.65 | 1240 |
| LT | 3458.55 | 3600 |
| LTF | 133.35 | 140 |
| LTIM | 5794.9 | 5800 |
| LTTS | 4708.3 | 4800 |
| LUPIN | 2158 | 2240 |
| M&M | 3058.45 | 3100 |
| M&MFIN | 265.1 | 270 |
| MANAPPURAM | 176.92 | 190 |
| MARICO | 658.2 | 660 |
| MARUTI | 11745.2 | 11600 |
| MAXHEALTH | 1086.2 | 1140 |
| MCX | 5716.55 | 6000 |
| METROPOLIS | 1873.6 | 2000 |
| MFSL | 1052.25 | 1100 |
| MGL | 1275.25 | 1280 |
| MOTHERSON | 145.37 | 155 |
| MPHASIS | 2769.65 | 2900 |
| MRF | 114442.95 | 118000 |
| MUTHOOTFIN | 2130.8 | 2140 |
| NATIONALUM | 198.33 | 210 |
| NAUKRI | 7429 | 8000 |
| NAVINFLUOR | 3610.5 | 3650 |
| NCC | 245.6 | 260 |
| NESTLEIND | 2215.85 | 2200 |
| NHPC | 76.6 | 78 |
| NMDC | 63.1 | 67 |
| NTPC | 310.15 | 320 |
| NYKAA | 164.69 | 167.5 |
| OBEROIRLTY | 1989.5 | 2140 |
| OFSS | 10754.25 | 11500 |
| OIL | 466.35 | 460 |
| ONGC | 259.31 | 257.5 |
| PAGEIND | 46420.15 | 47000 |
| PAYTM | 821.55 | 880 |
| PEL | 1023.3 | 1080 |
| PERSISTENT | 5900.1 | 6200 |
| PETRONET | 324.65 | 335 |
| PFC | 416.8 | 440 |
| PIDILITIND | 2814.2 | 2900 |
| PIIND | 3484.9 | 3600 |
| PNB | 98.1 | 101 |
| POLICYBZR | 1748.3 | 1900 |
| POLYCAB | 6436.2 | 6700 |
| POONAWALLA | 309.65 | 315 |
| POWERGRID | 291.2 | 305 |
| PRESTIGE | 1427.7 | 1550 |
| PVRINOX | 1085.6 | 1180 |
| RAMCOCEM | 886.2 | 930 |
| RBLBANK | 154.23 | 160 |
| RECLTD | 476.3 | 500 |
| RELIANCE | 1231.75 | 1250 |
| SAIL | 105.73 | 110 |
| SBICARD | 733.15 | 730 |
| SBILIFE | 1499 | 1440 |
| SBIN | 753.75 | 780 |
| SHREECEM | 25087.85 | 25750 |
| SHRIRAMFIN | 539.75 | 570 |
| SIEMENS | 5863.35 | 6300 |
| SJVN | 94.27 | 100 |
| SONACOMS | 567.1 | 580 |
| SRF | 2510.9 | 2560 |
| SUNPHARMA | 1772.1 | 1820 |
| SUNTV | 658.85 | 670 |
| SUPREMEIND | 4381.6 | 4500 |
| SYNGENE | 829.2 | 850 |
| TATACHEM | 971.45 | 1020 |
| TATACOMM | 1678.15 | 1740 |
| TATACONSUM | 963.5 | 950 |
| TATAELXSI | 6075.35 | 6200 |
| TATAMOTORS | 773.55 | 780 |
| TATAPOWER | 355.55 | 380 |
| TATASTEEL | 126.9 | 135 |
| TCS | 4222.15 | 4200 |
| TECHM | 1661.2 | 1680 |
| TIINDIA | 3301.25 | 3550 |
| TITAN | 3321.85 | 3400 |
| TORNTPHARM | 3248.4 | 3350 |
| TRENT | 6166.4 | 6700 |
| TVSMOTOR | 2237 | 2320 |
| UBL | 1962 | 2000 |
| ULTRACEMCO | 10509.3 | 11100 |
| UNIONBANK | 104.14 | 110 |
| UNITDSPR | 1413.75 | 1500 |
| UPL | 542.5 | 530 |
| VBL | 566 | 600 |
| VEDL | 430.95 | 450 |
| VOLTAS | 1639.6 | 1720 |
| WIPRO | 293.05 | 295 |
| YESBANK | 17.89 | 19 |
| ZOMATO | 235.25 | 250 |
| ZYDUSLIFE | 995.7 | 1000 |
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.
