ICICIBANK
ICICI BANK LTD.
Max pain for ICICIBANK
19 Apr 2024 10:32 AM IST
Max Pain for ICICIBANK is 1080
Strike 920 has a total call value of 0 versus a total put value of 181,513,500,000 Combined total value = 181,513,500,000
Strike 930 has a total call value of 15,400,000 versus a total put value of 168,148,400,000 Combined total value = 168,163,800,000
Strike 940 has a total call value of 30,800,000 versus a total put value of 154,783,300,000 Combined total value = 154,814,100,000
Strike 950 has a total call value of 46,200,000 versus a total put value of 141,418,200,000 Combined total value = 141,464,400,000
Strike 960 has a total call value of 61,600,000 versus a total put value of 128,053,100,000 Combined total value = 128,114,700,000
Strike 970 has a total call value of 77,000,000 versus a total put value of 115,145,800,000 Combined total value = 115,222,800,000
Strike 980 has a total call value of 92,400,000 versus a total put value of 102,347,700,000 Combined total value = 102,440,100,000
Strike 990 has a total call value of 107,800,000 versus a total put value of 89,947,200,000 Combined total value = 90,055,000,000
Strike 1000 has a total call value of 123,200,000 versus a total put value of 77,817,600,000 Combined total value = 77,940,800,000
Strike 1010 has a total call value of 287,700,000 versus a total put value of 66,833,900,000 Combined total value = 67,121,600,000
Strike 1020 has a total call value of 490,000,000 versus a total put value of 56,239,400,000 Combined total value = 56,729,400,000
Strike 1030 has a total call value of 740,600,000 versus a total put value of 46,069,800,000 Combined total value = 46,810,400,000
Strike 1040 has a total call value of 1,287,300,000 versus a total put value of 36,517,600,000 Combined total value = 37,804,900,000
Strike 1050 has a total call value of 2,030,000,000 versus a total put value of 27,575,100,000 Combined total value = 29,605,100,000
Strike 1060 has a total call value of 3,412,500,000 versus a total put value of 20,335,700,000 Combined total value = 23,748,200,000
Strike 1070 has a total call value of 5,907,300,000 versus a total put value of 14,396,900,000 Combined total value = 20,304,200,000
Strike 1080 has a total call value of 10,243,100,000 versus a total put value of 9,600,500,000 Combined total value = 19,843,600,000
Strike 1090 has a total call value of 18,232,200,000 versus a total put value of 6,283,900,000 Combined total value = 24,516,100,000
Strike 1100 has a total call value of 28,690,900,000 versus a total put value of 3,626,000,000 Combined total value = 32,316,900,000
Strike 1110 has a total call value of 44,515,100,000 versus a total put value of 2,468,900,000 Combined total value = 46,984,000,000
Strike 1120 has a total call value of 62,673,100,000 versus a total put value of 1,584,100,000 Combined total value = 64,257,200,000
Strike 1130 has a total call value of 83,156,500,000 versus a total put value of 924,700,000 Combined total value = 84,081,200,000
Strike 1140 has a total call value of 104,686,400,000 versus a total put value of 429,800,000 Combined total value = 105,116,200,000
Strike 1150 has a total call value of 127,232,000,000 versus a total put value of 238,000,000 Combined total value = 127,470,000,000
Strike 1160 has a total call value of 152,429,900,000 versus a total put value of 190,400,000 Combined total value = 152,620,300,000
Strike 1170 has a total call value of 178,654,700,000 versus a total put value of 142,800,000 Combined total value = 178,797,500,000
Strike 1180 has a total call value of 205,284,800,000 versus a total put value of 95,200,000 Combined total value = 205,380,000,000
Strike 1190 has a total call value of 232,419,600,000 versus a total put value of 47,600,000 Combined total value = 232,467,200,000
Strike 1200 has a total call value of 259,681,800,000 versus a total put value of 0 Combined total value = 259,681,800,000
Strike 1210 has a total call value of 288,478,400,000 versus a total put value of 0 Combined total value = 288,478,400,000
Strike 1220 has a total call value of 317,647,400,000 versus a total put value of 0 Combined total value = 317,647,400,000
Strike 1230 has a total call value of 347,428,900,000 versus a total put value of 0 Combined total value = 347,428,900,000
Strike 1240 has a total call value of 377,210,400,000 versus a total put value of 0 Combined total value = 377,210,400,000
Strike 1250 has a total call value of 407,220,100,000 versus a total put value of 0 Combined total value = 407,220,100,000
Strike 1260 has a total call value of 437,229,800,000 versus a total put value of 0 Combined total value = 437,229,800,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.