ICICIBANK
Icici Bank Ltd.
Max pain for ICICIBANK
17 Oct 2024 04:10 PM IST
Max Pain for ICICIBANK is 1250
Strike 1040 has a total call value of 0 versus a total put value of 250,703,600,000 Combined total value = 250,703,600,000
Strike 1050 has a total call value of 6,300,000 versus a total put value of 237,304,200,000 Combined total value = 237,310,500,000
Strike 1060 has a total call value of 12,600,000 versus a total put value of 223,904,800,000 Combined total value = 223,917,400,000
Strike 1070 has a total call value of 18,900,000 versus a total put value of 210,564,900,000 Combined total value = 210,583,800,000
Strike 1080 has a total call value of 25,200,000 versus a total put value of 197,225,000,000 Combined total value = 197,250,200,000
Strike 1090 has a total call value of 31,500,000 versus a total put value of 183,885,800,000 Combined total value = 183,917,300,000
Strike 1100 has a total call value of 37,800,000 versus a total put value of 170,546,600,000 Combined total value = 170,584,400,000
Strike 1110 has a total call value of 44,100,000 versus a total put value of 158,048,800,000 Combined total value = 158,092,900,000
Strike 1120 has a total call value of 50,400,000 versus a total put value of 145,605,600,000 Combined total value = 145,656,000,000
Strike 1130 has a total call value of 56,700,000 versus a total put value of 133,441,700,000 Combined total value = 133,498,400,000
Strike 1140 has a total call value of 63,000,000 versus a total put value of 121,426,200,000 Combined total value = 121,489,200,000
Strike 1150 has a total call value of 69,300,000 versus a total put value of 109,540,200,000 Combined total value = 109,609,500,000
Strike 1160 has a total call value of 189,000,000 versus a total put value of 98,269,500,000 Combined total value = 98,458,500,000
Strike 1170 has a total call value of 308,700,000 versus a total put value of 87,237,500,000 Combined total value = 87,546,200,000
Strike 1180 has a total call value of 449,400,000 versus a total put value of 76,406,400,000 Combined total value = 76,855,800,000
Strike 1190 has a total call value of 638,400,000 versus a total put value of 66,017,000,000 Combined total value = 66,655,400,000
Strike 1200 has a total call value of 854,000,000 versus a total put value of 55,857,900,000 Combined total value = 56,711,900,000
Strike 1210 has a total call value of 1,582,700,000 versus a total put value of 47,352,200,000 Combined total value = 48,934,900,000
Strike 1220 has a total call value of 2,382,800,000 versus a total put value of 39,125,100,000 Combined total value = 41,507,900,000
Strike 1230 has a total call value of 3,406,900,000 versus a total put value of 31,712,800,000 Combined total value = 35,119,700,000
Strike 1240 has a total call value of 5,110,700,000 versus a total put value of 25,232,900,000 Combined total value = 30,343,600,000
Strike 1250 has a total call value of 8,270,500,000 versus a total put value of 20,083,700,000 Combined total value = 28,354,200,000
Strike 1260 has a total call value of 13,498,800,000 versus a total put value of 16,452,100,000 Combined total value = 29,950,900,000
Strike 1270 has a total call value of 20,879,600,000 versus a total put value of 13,426,700,000 Combined total value = 34,306,300,000
Strike 1280 has a total call value of 29,283,800,000 versus a total put value of 10,789,800,000 Combined total value = 40,073,600,000
Strike 1290 has a total call value of 39,327,400,000 versus a total put value of 8,465,800,000 Combined total value = 47,793,200,000
Strike 1300 has a total call value of 50,120,000,000 versus a total put value of 6,339,200,000 Combined total value = 56,459,200,000
Strike 1310 has a total call value of 64,342,600,000 versus a total put value of 4,984,700,000 Combined total value = 69,327,300,000
Strike 1320 has a total call value of 79,480,800,000 versus a total put value of 3,731,700,000 Combined total value = 83,212,500,000
Strike 1330 has a total call value of 96,760,300,000 versus a total put value of 2,853,200,000 Combined total value = 99,613,500,000
Strike 1340 has a total call value of 115,812,900,000 versus a total put value of 2,276,400,000 Combined total value = 118,089,300,000
Strike 1350 has a total call value of 136,060,400,000 versus a total put value of 1,827,000,000 Combined total value = 137,887,400,000
Strike 1360 has a total call value of 158,609,500,000 versus a total put value of 1,461,600,000 Combined total value = 160,071,100,000
Strike 1370 has a total call value of 182,117,600,000 versus a total put value of 1,096,200,000 Combined total value = 183,213,800,000
Strike 1380 has a total call value of 205,898,700,000 versus a total put value of 730,800,000 Combined total value = 206,629,500,000
Strike 1390 has a total call value of 230,324,500,000 versus a total put value of 365,400,000 Combined total value = 230,689,900,000
Strike 1400 has a total call value of 255,030,300,000 versus a total put value of 0 Combined total value = 255,030,300,000
Strike 1410 has a total call value of 281,190,700,000 versus a total put value of 0 Combined total value = 281,190,700,000
Strike 1420 has a total call value of 307,460,300,000 versus a total put value of 0 Combined total value = 307,460,300,000
Strike 1430 has a total call value of 333,974,200,000 versus a total put value of 0 Combined total value = 333,974,200,000
Strike 1440 has a total call value of 360,488,100,000 versus a total put value of 0 Combined total value = 360,488,100,000
Strike 1450 has a total call value of 387,354,100,000 versus a total put value of 0 Combined total value = 387,354,100,000
Strike 1460 has a total call value of 414,355,900,000 versus a total put value of 0 Combined total value = 414,355,900,000
Strike 1470 has a total call value of 441,588,000,000 versus a total put value of 0 Combined total value = 441,588,000,000
Strike 1480 has a total call value of 468,820,100,000 versus a total put value of 0 Combined total value = 468,820,100,000
Strike 1490 has a total call value of 496,270,600,000 versus a total put value of 0 Combined total value = 496,270,600,000
Strike 1500 has a total call value of 523,721,100,000 versus a total put value of 0 Combined total value = 523,721,100,000
Strike 1510 has a total call value of 551,552,400,000 versus a total put value of 0 Combined total value = 551,552,400,000
Strike 1520 has a total call value of 579,383,700,000 versus a total put value of 0 Combined total value = 579,383,700,000
Strike 1530 has a total call value of 607,280,100,000 versus a total put value of 0 Combined total value = 607,280,100,000
Strike 1540 has a total call value of 635,177,200,000 versus a total put value of 0 Combined total value = 635,177,200,000
Strike 1550 has a total call value of 663,074,300,000 versus a total put value of 0 Combined total value = 663,074,300,000
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.
