ICICIBANK
Icici Bank Ltd.
Max pain for ICICIBANK
24 Jan 2025 10:50 AM IST
Max Pain for ICICIBANK is 1230
Strike 1080 has a total call value of 0 versus a total put value of 194,477,500,000 Combined total value = 194,477,500,000
Strike 1090 has a total call value of 0 versus a total put value of 178,395,700,000 Combined total value = 178,395,700,000
Strike 1100 has a total call value of 0 versus a total put value of 162,381,800,000 Combined total value = 162,381,800,000
Strike 1110 has a total call value of 46,900,000 versus a total put value of 147,259,000,000 Combined total value = 147,305,900,000
Strike 1120 has a total call value of 93,800,000 versus a total put value of 132,345,500,000 Combined total value = 132,439,300,000
Strike 1130 has a total call value of 140,700,000 versus a total put value of 118,094,900,000 Combined total value = 118,235,600,000
Strike 1140 has a total call value of 187,600,000 versus a total put value of 104,418,300,000 Combined total value = 104,605,900,000
Strike 1150 has a total call value of 238,000,000 versus a total put value of 91,520,800,000 Combined total value = 91,758,800,000
Strike 1160 has a total call value of 332,500,000 versus a total put value of 79,585,800,000 Combined total value = 79,918,300,000
Strike 1170 has a total call value of 488,600,000 versus a total put value of 68,575,500,000 Combined total value = 69,064,100,000
Strike 1180 has a total call value of 713,300,000 versus a total put value of 58,153,900,000 Combined total value = 58,867,200,000
Strike 1190 has a total call value of 1,096,200,000 versus a total put value of 48,580,000,000 Combined total value = 49,676,200,000
Strike 1200 has a total call value of 1,708,000,000 versus a total put value of 39,879,700,000 Combined total value = 41,587,700,000
Strike 1210 has a total call value of 3,500,700,000 versus a total put value of 33,443,200,000 Combined total value = 36,943,900,000
Strike 1220 has a total call value of 6,124,300,000 versus a total put value of 27,512,100,000 Combined total value = 33,636,400,000
Strike 1230 has a total call value of 9,923,900,000 versus a total put value of 22,232,000,000 Combined total value = 32,155,900,000
Strike 1240 has a total call value of 14,768,600,000 versus a total put value of 17,522,400,000 Combined total value = 32,291,000,000
Strike 1250 has a total call value of 20,857,900,000 versus a total put value of 13,254,500,000 Combined total value = 34,112,400,000
Strike 1260 has a total call value of 29,342,600,000 versus a total put value of 9,650,200,000 Combined total value = 38,992,800,000
Strike 1270 has a total call value of 39,119,500,000 versus a total put value of 6,915,300,000 Combined total value = 46,034,800,000
Strike 1280 has a total call value of 50,302,700,000 versus a total put value of 4,575,900,000 Combined total value = 54,878,600,000
Strike 1290 has a total call value of 62,925,800,000 versus a total put value of 2,692,200,000 Combined total value = 65,618,000,000
Strike 1300 has a total call value of 76,333,600,000 versus a total put value of 1,071,000,000 Combined total value = 77,404,600,000
Strike 1310 has a total call value of 94,006,500,000 versus a total put value of 856,800,000 Combined total value = 94,863,300,000
Strike 1320 has a total call value of 112,474,600,000 versus a total put value of 642,600,000 Combined total value = 113,117,200,000
Strike 1330 has a total call value of 132,414,100,000 versus a total put value of 428,400,000 Combined total value = 132,842,500,000
Strike 1340 has a total call value of 152,947,900,000 versus a total put value of 214,200,000 Combined total value = 153,162,100,000
Strike 1350 has a total call value of 174,187,300,000 versus a total put value of 0 Combined total value = 174,187,300,000
Strike 1360 has a total call value of 196,859,600,000 versus a total put value of 0 Combined total value = 196,859,600,000
Strike 1370 has a total call value of 220,056,200,000 versus a total put value of 0 Combined total value = 220,056,200,000
Strike 1380 has a total call value of 243,508,300,000 versus a total put value of 0 Combined total value = 243,508,300,000
Strike 1390 has a total call value of 267,391,600,000 versus a total put value of 0 Combined total value = 267,391,600,000
Strike 1400 has a total call value of 292,083,400,000 versus a total put value of 0 Combined total value = 292,083,400,000
Strike 1410 has a total call value of 318,124,100,000 versus a total put value of 0 Combined total value = 318,124,100,000
Strike 1420 has a total call value of 344,164,800,000 versus a total put value of 0 Combined total value = 344,164,800,000
Strike 1430 has a total call value of 370,461,000,000 versus a total put value of 0 Combined total value = 370,461,000,000
Strike 1440 has a total call value of 396,757,200,000 versus a total put value of 0 Combined total value = 396,757,200,000
Strike 1450 has a total call value of 423,181,500,000 versus a total put value of 0 Combined total value = 423,181,500,000
Strike 1460 has a total call value of 449,775,200,000 versus a total put value of 0 Combined total value = 449,775,200,000
Strike 1470 has a total call value of 476,506,100,000 versus a total put value of 0 Combined total value = 476,506,100,000
Strike 1480 has a total call value of 503,237,000,000 versus a total put value of 0 Combined total value = 503,237,000,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 440.7 | 435 |
ABB | 6272 | 6300 |
ABBOTINDIA | 27620.25 | 27250 |
ABCAPITAL | 171.95 | 180 |
ABFRL | 282.9 | 270 |
ACC | 2051.35 | 2080 |
ADANIENSOL | 795.45 | 800 |
ADANIENT | 2373.95 | 2400 |
ADANIGREEN | 1023.9 | 1020 |
ADANIPORTS | 1107.05 | 1160 |
ALKEM | 5091.7 | 5250 |
AMBUJACEM | 557.4 | 550 |
ANGELONE | 2369.85 | 2500 |
APLAPOLLO | 1571.5 | 1580 |
APOLLOHOSP | 6800.1 | 6900 |
APOLLOTYRE | 430.7 | 450 |
ASHOKLEY | 205.9 | 210 |
ASIANPAINT | 2274.75 | 2300 |
ASTRAL | 1467.15 | 1540 |
ATGL | 650.75 | 660 |
ATUL | 6732 | 6700 |
AUBANK | 576.5 | 580 |
AUROPHARMA | 1228.3 | 1220 |
AXISBANK | 956 | 990 |
BAJAJ-AUTO | 8450 | 8700 |
BAJAJFINSV | 1735.85 | 1680 |
BAJFINANCE | 7420 | 7300 |
BALKRISIND | 2719.35 | 2740 |
BANDHANBNK | 149.67 | 160 |
BANKBARODA | 227.68 | 235 |
BANKINDIA | 99.29 | 100 |
BATAINDIA | 1292.4 | 1320 |
BEL | 272.6 | 280 |
BERGEPAINT | 483 | 465 |
BHARATFORG | 1233.55 | 1240 |
BHARTIARTL | 1641.9 | 1620 |
BHEL | 204.62 | 215 |
BIOCON | 391.5 | 380 |
BOSCHLTD | 30646.2 | 31000 |
BPCL | 271.3 | 275 |
BRITANNIA | 5064 | 4850 |
BSE | 5918 | 5700 |
BSOFT | 547.25 | 550 |
CAMS | 4158.4 | 4200 |
CANBK | 97.58 | 100 |
CANFINHOME | 687.45 | 700 |
CDSL | 1519.2 | 1580 |
CESC | 140.85 | 145.5 |
CGPOWER | 622.15 | 650 |
CHAMBLFERT | 505.55 | 500 |
CHOLAFIN | 1230.25 | 1260 |
CIPLA | 1438.3 | 1480 |
COALINDIA | 385.4 | 385 |
COFORGE | 9159.85 | 9000 |
COLPAL | 2738.1 | 2750 |
CONCOR | 769.4 | 770 |
COROMANDEL | 1847.2 | 1840 |
CROMPTON | 345.05 | 360 |
CUB | 168.02 | 170 |
CUMMINSIND | 2880.3 | 2950 |
CYIENT | 1429.9 | 1500 |
DABUR | 522.4 | 520 |
DALBHARAT | 1816.05 | 1780 |
DEEPAKNTR | 2327.3 | 2400 |
DELHIVERY | 327.55 | 330 |
DIVISLAB | 5827.05 | 5900 |
DIXON | 15340 | 16000 |
DLF | 708.55 | 740 |
DMART | 3566.5 | 3650 |
DRREDDY | 1230.4 | 1250 |
EICHERMOT | 5173.35 | 5050 |
ESCORTS | 3549.7 | 3500 |
EXIDEIND | 379 | 390 |
FEDERALBNK | 190.08 | 195 |
GAIL | 176.16 | 185 |
GLENMARK | 1468.85 | 1520 |
GMRAIRPORT | 72.81 | 75 |
GMRINFRA | 0 | 32 |
GNFC | 559 | 560 |
GODREJCP | 1134.8 | 1120 |
GODREJPROP | 2223.6 | 2300 |
GRANULES | 589.7 | 590 |
GRASIM | 2484.6 | 2460 |
GUJGASLTD | 501.25 | 500 |
HAL | 3903 | 4050 |
HAVELLS | 1566.5 | 1580 |
HCLTECH | 1804.75 | 1820 |
HDFCAMC | 3962.3 | 4000 |
HDFCBANK | 1665.15 | 1670 |
HDFCLIFE | 616.45 | 620 |
HEROMOTOCO | 4077.65 | 4150 |
HFCL | 100.38 | 100 |
HINDALCO | 604.2 | 600 |
HINDCOPPER | 244.85 | 250 |
HINDPETRO | 364.2 | 370 |
HINDUNILVR | 2349.35 | 2360 |
HUDCO | 224.75 | 220 |
ICICIBANK | 1209.05 | 1230 |
ICICIGI | 1807.65 | 1880 |
ICICIPRULI | 589.75 | 600 |
IDEA | 9.48 | 9 |
IDFCFIRSTB | 62.9 | 63 |
IEX | 171.69 | 172.5 |
IGL | 386.75 | 400 |
INDHOTEL | 779.05 | 790 |
INDIAMART | 2085 | 2140 |
INDIANB | 507.5 | 520 |
INDIGO | 4162 | 4200 |
INDUSINDBK | 958.5 | 980 |
INDUSTOWER | 370 | 355 |
INFY | 1879.6 | 1860 |
IOC | 129.85 | 135 |
IPCALAB | 1553.05 | 1580 |
IRB | 52.55 | 54 |
IRCTC | 794.95 | 800 |
IRFC | 140.21 | 137.5 |
ITC | 441.35 | 445 |
JINDALSTEL | 886.85 | 910 |
JIOFIN | 248.8 | 270 |
JKCEMENT | 4758 | 4650 |
JSL | 625.25 | 630 |
JSWENERGY | 553.75 | 570 |
JSWSTEEL | 940.4 | 930 |
JUBLFOOD | 677.15 | 700 |
KALYANKJIL | 464.8 | 540 |
KEI | 4399.7 | 4300 |
KOTAKBANK | 1891.55 | 1860 |
KPITTECH | 1357.95 | 1360 |
LALPATHLAB | 2819.9 | 2900 |
LAURUSLABS | 584.45 | 580 |
LICHSGFIN | 575.1 | 580 |
LICI | 829.55 | 840 |
LODHA | 1099 | 1120 |
LT | 3488.65 | 3600 |
LTF | 139.79 | 140 |
LTIM | 5987.25 | 5900 |
LTTS | 5422.8 | 5250 |
LUPIN | 2151.5 | 2180 |
M&M | 2854.2 | 2900 |
M&MFIN | 271.15 | 275 |
MANAPPURAM | 197.07 | 190 |
MARICO | 669 | 660 |
MARUTI | 12026.15 | 11700 |
MAXHEALTH | 1068.2 | 1060 |
MCX | 5769.6 | 5800 |
METROPOLIS | 1837.7 | 1900 |
MFSL | 1052.45 | 1060 |
MGL | 1290.85 | 1300 |
MOTHERSON | 143.97 | 150 |
MPHASIS | 2810 | 2850 |
MRF | 112100 | 114500 |
MUTHOOTFIN | 2176.1 | 2180 |
NATIONALUM | 204.68 | 205 |
NAUKRI | 7501.95 | 7600 |
NAVINFLUOR | 3717.4 | 3700 |
NCC | 239.3 | 245 |
NESTLEIND | 2208 | 2200 |
NHPC | 77.99 | 78 |
NMDC | 66.75 | 68 |
NTPC | 325.95 | 325 |
NYKAA | 169.03 | 170 |
OBEROIRLTY | 1796.25 | 1840 |
OFSS | 9994.95 | 10250 |
OIL | 432.5 | 460 |
ONGC | 260.42 | 260 |
PAGEIND | 46761.6 | 47000 |
PAYTM | 827 | 860 |
PEL | 995 | 1020 |
PERSISTENT | 6385 | 6200 |
PETRONET | 324.4 | 335 |
PFC | 414.95 | 440 |
PIDILITIND | 2881.15 | 2900 |
PIIND | 3503.85 | 3500 |
PNB | 98.3 | 99 |
POLICYBZR | 1695.75 | 1750 |
POLYCAB | 6193.55 | 6300 |
POONAWALLA | 326.4 | 320 |
POWERGRID | 299.95 | 305 |
PRESTIGE | 1330 | 1350 |
PVRINOX | 1073.95 | 1120 |
RAMCOCEM | 903.7 | 910 |
RBLBANK | 156.2 | 160 |
RECLTD | 456.3 | 490 |
RELIANCE | 1258.15 | 1260 |
SAIL | 108.95 | 110 |
SBICARD | 754.3 | 750 |
SBILIFE | 1431.05 | 1460 |
SBIN | 745.5 | 770 |
SHREECEM | 26089.45 | 26000 |
SHRIRAMFIN | 533.65 | 540 |
SIEMENS | 5984 | 6000 |
SJVN | 96.69 | 97.5 |
SONACOMS | 536.6 | 550 |
SRF | 2571.05 | 2560 |
SUNPHARMA | 1825.35 | 1800 |
SUNTV | 646.15 | 660 |
SUPREMEIND | 3936.6 | 4000 |
SYNGENE | 805.1 | 820 |
TATACHEM | 967.55 | 980 |
TATACOMM | 1652.95 | 1700 |
TATACONSUM | 997.7 | 970 |
TATAELXSI | 6335 | 6300 |
TATAMOTORS | 743.2 | 760 |
TATAPOWER | 368.55 | 380 |
TATASTEEL | 131.42 | 135 |
TCS | 4156 | 4150 |
TECHM | 1715.1 | 1680 |
TIINDIA | 3297.95 | 3300 |
TITAN | 3403.95 | 3400 |
TORNTPHARM | 3241.9 | 3300 |
TRENT | 5670.8 | 6000 |
TVSMOTOR | 2268.9 | 2280 |
UBL | 2075.5 | 2040 |
ULTRACEMCO | 11342.5 | 11200 |
UNIONBANK | 108.42 | 110 |
UNITDSPR | 1483 | 1500 |
UPL | 556.1 | 540 |
VBL | 540.95 | 550 |
VEDL | 446.8 | 460 |
VOLTAS | 1474.9 | 1540 |
WIPRO | 319.8 | 310 |
YESBANK | 18.34 | 19 |
ZOMATO | 217.6 | 230 |
ZYDUSLIFE | 969.75 | 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.