ICICIBANK
Icici Bank Ltd.
Max pain for ICICIBANK
12 Nov 2024 04:10 PM IST
Max Pain for ICICIBANK is 1270
Strike 1040 has a total call value of 0 versus a total put value of 266,541,800,000 Combined total value = 266,541,800,000
Strike 1050 has a total call value of 0 versus a total put value of 253,324,400,000 Combined total value = 253,324,400,000
Strike 1060 has a total call value of 0 versus a total put value of 240,107,000,000 Combined total value = 240,107,000,000
Strike 1070 has a total call value of 0 versus a total put value of 226,889,600,000 Combined total value = 226,889,600,000
Strike 1080 has a total call value of 0 versus a total put value of 213,672,200,000 Combined total value = 213,672,200,000
Strike 1090 has a total call value of 0 versus a total put value of 200,460,400,000 Combined total value = 200,460,400,000
Strike 1100 has a total call value of 0 versus a total put value of 187,248,600,000 Combined total value = 187,248,600,000
Strike 1110 has a total call value of 21,000,000 versus a total put value of 174,566,700,000 Combined total value = 174,587,700,000
Strike 1120 has a total call value of 42,000,000 versus a total put value of 161,884,800,000 Combined total value = 161,926,800,000
Strike 1130 has a total call value of 66,500,000 versus a total put value of 149,335,900,000 Combined total value = 149,402,400,000
Strike 1140 has a total call value of 91,000,000 versus a total put value of 136,887,100,000 Combined total value = 136,978,100,000
Strike 1150 has a total call value of 115,500,000 versus a total put value of 124,785,500,000 Combined total value = 124,901,000,000
Strike 1160 has a total call value of 152,600,000 versus a total put value of 113,058,400,000 Combined total value = 113,211,000,000
Strike 1170 has a total call value of 189,700,000 versus a total put value of 101,478,300,000 Combined total value = 101,668,000,000
Strike 1180 has a total call value of 226,800,000 versus a total put value of 90,011,600,000 Combined total value = 90,238,400,000
Strike 1190 has a total call value of 286,300,000 versus a total put value of 78,872,500,000 Combined total value = 79,158,800,000
Strike 1200 has a total call value of 347,900,000 versus a total put value of 67,902,100,000 Combined total value = 68,250,000,000
Strike 1210 has a total call value of 620,200,000 versus a total put value of 58,244,900,000 Combined total value = 58,865,100,000
Strike 1220 has a total call value of 915,600,000 versus a total put value of 48,900,600,000 Combined total value = 49,816,200,000
Strike 1230 has a total call value of 1,278,200,000 versus a total put value of 40,140,800,000 Combined total value = 41,419,000,000
Strike 1240 has a total call value of 1,762,600,000 versus a total put value of 31,823,400,000 Combined total value = 33,586,000,000
Strike 1250 has a total call value of 2,459,100,000 versus a total put value of 24,368,400,000 Combined total value = 26,827,500,000
Strike 1260 has a total call value of 3,636,500,000 versus a total put value of 18,258,100,000 Combined total value = 21,894,600,000
Strike 1270 has a total call value of 7,309,400,000 versus a total put value of 13,766,900,000 Combined total value = 21,076,300,000
Strike 1280 has a total call value of 11,771,200,000 versus a total put value of 9,914,100,000 Combined total value = 21,685,300,000
Strike 1290 has a total call value of 17,901,800,000 versus a total put value of 7,115,500,000 Combined total value = 25,017,300,000
Strike 1300 has a total call value of 25,277,000,000 versus a total put value of 4,713,800,000 Combined total value = 29,990,800,000
Strike 1310 has a total call value of 37,473,100,000 versus a total put value of 3,442,600,000 Combined total value = 40,915,700,000
Strike 1320 has a total call value of 51,160,200,000 versus a total put value of 2,458,400,000 Combined total value = 53,618,600,000
Strike 1330 has a total call value of 68,383,000,000 versus a total put value of 1,862,000,000 Combined total value = 70,245,000,000
Strike 1340 has a total call value of 86,865,800,000 versus a total put value of 1,344,700,000 Combined total value = 88,210,500,000
Strike 1350 has a total call value of 108,096,100,000 versus a total put value of 898,800,000 Combined total value = 108,994,900,000
Strike 1360 has a total call value of 131,471,900,000 versus a total put value of 649,600,000 Combined total value = 132,121,500,000
Strike 1370 has a total call value of 155,680,000,000 versus a total put value of 470,400,000 Combined total value = 156,150,400,000
Strike 1380 has a total call value of 180,392,800,000 versus a total put value of 291,200,000 Combined total value = 180,684,000,000
Strike 1390 has a total call value of 205,749,600,000 versus a total put value of 147,700,000 Combined total value = 205,897,300,000
Strike 1400 has a total call value of 231,469,700,000 versus a total put value of 4,200,000 Combined total value = 231,473,900,000
Strike 1410 has a total call value of 259,288,400,000 versus a total put value of 2,100,000 Combined total value = 259,290,500,000
Strike 1420 has a total call value of 287,293,300,000 versus a total put value of 0 Combined total value = 287,293,300,000
Strike 1430 has a total call value of 315,812,700,000 versus a total put value of 0 Combined total value = 315,812,700,000
Strike 1440 has a total call value of 344,632,400,000 versus a total put value of 0 Combined total value = 344,632,400,000
Strike 1450 has a total call value of 373,695,700,000 versus a total put value of 0 Combined total value = 373,695,700,000
Strike 1460 has a total call value of 403,037,600,000 versus a total put value of 0 Combined total value = 403,037,600,000
Strike 1470 has a total call value of 432,476,800,000 versus a total put value of 0 Combined total value = 432,476,800,000
Strike 1480 has a total call value of 461,916,000,000 versus a total put value of 0 Combined total value = 461,916,000,000
Strike 1490 has a total call value of 491,446,900,000 versus a total put value of 0 Combined total value = 491,446,900,000
Strike 1500 has a total call value of 520,977,800,000 versus a total put value of 0 Combined total value = 520,977,800,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 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.
