ICICIBANK
ICICI BANK LTD.
Max pain for ICICIBANK
28 Mar 2024 03:48 PM IST
Max Pain for ICICIBANK is 1090
Strike 820 has a total call value of 0 versus a total put value of 149,493,400,000 Combined total value = 149,493,400,000
Strike 830 has a total call value of 14,700,000 versus a total put value of 142,685,900,000 Combined total value = 142,700,600,000
Strike 840 has a total call value of 29,400,000 versus a total put value of 135,878,400,000 Combined total value = 135,907,800,000
Strike 850 has a total call value of 44,100,000 versus a total put value of 129,070,900,000 Combined total value = 129,115,000,000
Strike 860 has a total call value of 58,800,000 versus a total put value of 122,263,400,000 Combined total value = 122,322,200,000
Strike 870 has a total call value of 73,500,000 versus a total put value of 115,455,900,000 Combined total value = 115,529,400,000
Strike 880 has a total call value of 88,200,000 versus a total put value of 108,648,400,000 Combined total value = 108,736,600,000
Strike 890 has a total call value of 102,900,000 versus a total put value of 101,840,900,000 Combined total value = 101,943,800,000
Strike 900 has a total call value of 117,600,000 versus a total put value of 95,033,400,000 Combined total value = 95,151,000,000
Strike 910 has a total call value of 144,200,000 versus a total put value of 88,367,300,000 Combined total value = 88,511,500,000
Strike 920 has a total call value of 170,800,000 versus a total put value of 81,701,200,000 Combined total value = 81,872,000,000
Strike 930 has a total call value of 197,400,000 versus a total put value of 75,035,100,000 Combined total value = 75,232,500,000
Strike 940 has a total call value of 224,000,000 versus a total put value of 68,376,700,000 Combined total value = 68,600,700,000
Strike 950 has a total call value of 250,600,000 versus a total put value of 61,718,300,000 Combined total value = 61,968,900,000
Strike 960 has a total call value of 293,300,000 versus a total put value of 55,364,400,000 Combined total value = 55,657,700,000
Strike 970 has a total call value of 336,000,000 versus a total put value of 49,101,500,000 Combined total value = 49,437,500,000
Strike 980 has a total call value of 392,700,000 versus a total put value of 43,120,700,000 Combined total value = 43,513,400,000
Strike 990 has a total call value of 458,500,000 versus a total put value of 37,624,300,000 Combined total value = 38,082,800,000
Strike 1000 has a total call value of 530,600,000 versus a total put value of 32,216,100,000 Combined total value = 32,746,700,000
Strike 1010 has a total call value of 749,000,000 versus a total put value of 27,639,500,000 Combined total value = 28,388,500,000
Strike 1020 has a total call value of 1,014,300,000 versus a total put value of 23,219,000,000 Combined total value = 24,233,300,000
Strike 1030 has a total call value of 1,341,900,000 versus a total put value of 18,991,700,000 Combined total value = 20,333,600,000
Strike 1040 has a total call value of 1,759,800,000 versus a total put value of 15,057,000,000 Combined total value = 16,816,800,000
Strike 1050 has a total call value of 2,227,400,000 versus a total put value of 11,451,300,000 Combined total value = 13,678,700,000
Strike 1060 has a total call value of 2,909,900,000 versus a total put value of 8,552,600,000 Combined total value = 11,462,500,000
Strike 1070 has a total call value of 3,708,600,000 versus a total put value of 6,171,200,000 Combined total value = 9,879,800,000
Strike 1080 has a total call value of 4,632,600,000 versus a total put value of 4,152,400,000 Combined total value = 8,785,000,000
Strike 1090 has a total call value of 5,769,400,000 versus a total put value of 2,543,100,000 Combined total value = 8,312,500,000
Strike 1100 has a total call value of 7,668,500,000 versus a total put value of 1,643,600,000 Combined total value = 9,312,100,000
Strike 1110 has a total call value of 11,750,200,000 versus a total put value of 1,197,700,000 Combined total value = 12,947,900,000
Strike 1120 has a total call value of 16,274,300,000 versus a total put value of 856,100,000 Combined total value = 17,130,400,000
Strike 1130 has a total call value of 21,890,400,000 versus a total put value of 606,900,000 Combined total value = 22,497,300,000
Strike 1140 has a total call value of 28,529,900,000 versus a total put value of 406,000,000 Combined total value = 28,935,900,000
Strike 1150 has a total call value of 35,857,500,000 versus a total put value of 205,100,000 Combined total value = 36,062,600,000
Strike 1160 has a total call value of 43,927,100,000 versus a total put value of 156,100,000 Combined total value = 44,083,200,000
Strike 1170 has a total call value of 52,165,400,000 versus a total put value of 107,100,000 Combined total value = 52,272,500,000
Strike 1180 has a total call value of 60,634,700,000 versus a total put value of 71,400,000 Combined total value = 60,706,100,000
Strike 1190 has a total call value of 69,339,900,000 versus a total put value of 35,700,000 Combined total value = 69,375,600,000
Strike 1200 has a total call value of 78,045,100,000 versus a total put value of 0 Combined total value = 78,045,100,000
Strike 1210 has a total call value of 88,087,300,000 versus a total put value of 0 Combined total value = 88,087,300,000
Strike 1220 has a total call value of 98,129,500,000 versus a total put value of 0 Combined total value = 98,129,500,000
Strike 1230 has a total call value of 108,171,700,000 versus a total put value of 0 Combined total value = 108,171,700,000
Strike 1240 has a total call value of 118,213,900,000 versus a total put value of 0 Combined total value = 118,213,900,000
Max Pain - Choose a symbol
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G
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I
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P
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U
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.