ICICIBANK
Icici Bank Ltd.
Max pain for ICICIBANK
19 Feb 2025 01:00 PM IST
Max Pain for ICICIBANK is 1250
Strike 1000 has a total call value of 0 versus a total put value of 352,345,000,000 Combined total value = 352,345,000,000
Strike 1010 has a total call value of 0 versus a total put value of 335,542,900,000 Combined total value = 335,542,900,000
Strike 1020 has a total call value of 0 versus a total put value of 318,740,800,000 Combined total value = 318,740,800,000
Strike 1030 has a total call value of 0 versus a total put value of 301,938,700,000 Combined total value = 301,938,700,000
Strike 1040 has a total call value of 0 versus a total put value of 285,136,600,000 Combined total value = 285,136,600,000
Strike 1050 has a total call value of 0 versus a total put value of 268,349,200,000 Combined total value = 268,349,200,000
Strike 1060 has a total call value of 0 versus a total put value of 251,561,800,000 Combined total value = 251,561,800,000
Strike 1070 has a total call value of 0 versus a total put value of 235,059,300,000 Combined total value = 235,059,300,000
Strike 1080 has a total call value of 0 versus a total put value of 218,556,800,000 Combined total value = 218,556,800,000
Strike 1090 has a total call value of 0 versus a total put value of 202,176,800,000 Combined total value = 202,176,800,000
Strike 1100 has a total call value of 0 versus a total put value of 186,088,700,000 Combined total value = 186,088,700,000
Strike 1110 has a total call value of 56,700,000 versus a total put value of 170,666,300,000 Combined total value = 170,723,000,000
Strike 1120 has a total call value of 113,400,000 versus a total put value of 155,454,600,000 Combined total value = 155,568,000,000
Strike 1130 has a total call value of 170,100,000 versus a total put value of 140,453,600,000 Combined total value = 140,623,700,000
Strike 1140 has a total call value of 226,800,000 versus a total put value of 125,832,000,000 Combined total value = 126,058,800,000
Strike 1150 has a total call value of 283,500,000 versus a total put value of 111,829,900,000 Combined total value = 112,113,400,000
Strike 1160 has a total call value of 351,400,000 versus a total put value of 98,788,200,000 Combined total value = 99,139,600,000
Strike 1170 has a total call value of 464,100,000 versus a total put value of 86,205,000,000 Combined total value = 86,669,100,000
Strike 1180 has a total call value of 576,800,000 versus a total put value of 73,897,600,000 Combined total value = 74,474,400,000
Strike 1190 has a total call value of 689,500,000 versus a total put value of 62,190,100,000 Combined total value = 62,879,600,000
Strike 1200 has a total call value of 838,600,000 versus a total put value of 50,861,300,000 Combined total value = 51,699,900,000
Strike 1210 has a total call value of 1,211,000,000 versus a total put value of 41,295,100,000 Combined total value = 42,506,100,000
Strike 1220 has a total call value of 1,655,500,000 versus a total put value of 32,380,600,000 Combined total value = 34,036,100,000
Strike 1230 has a total call value of 2,245,600,000 versus a total put value of 24,244,500,000 Combined total value = 26,490,100,000
Strike 1240 has a total call value of 3,155,600,000 versus a total put value of 16,988,300,000 Combined total value = 20,143,900,000
Strike 1250 has a total call value of 4,659,200,000 versus a total put value of 10,838,100,000 Combined total value = 15,497,300,000
Strike 1260 has a total call value of 9,312,800,000 versus a total put value of 7,706,300,000 Combined total value = 17,019,100,000
Strike 1270 has a total call value of 16,022,300,000 versus a total put value of 5,454,400,000 Combined total value = 21,476,700,000
Strike 1280 has a total call value of 25,201,400,000 versus a total put value of 3,626,700,000 Combined total value = 28,828,100,000
Strike 1290 has a total call value of 37,361,100,000 versus a total put value of 2,240,000,000 Combined total value = 39,601,100,000
Strike 1300 has a total call value of 50,827,000,000 versus a total put value of 1,027,600,000 Combined total value = 51,854,600,000
Strike 1310 has a total call value of 70,484,400,000 versus a total put value of 875,700,000 Combined total value = 71,360,100,000
Strike 1320 has a total call value of 90,633,200,000 versus a total put value of 778,400,000 Combined total value = 91,411,600,000
Strike 1330 has a total call value of 112,311,500,000 versus a total put value of 681,100,000 Combined total value = 112,992,600,000
Strike 1340 has a total call value of 134,702,400,000 versus a total put value of 583,800,000 Combined total value = 135,286,200,000
Strike 1350 has a total call value of 157,591,000,000 versus a total put value of 486,500,000 Combined total value = 158,077,500,000
Strike 1360 has a total call value of 181,547,100,000 versus a total put value of 389,200,000 Combined total value = 181,936,300,000
Strike 1370 has a total call value of 205,774,100,000 versus a total put value of 291,900,000 Combined total value = 206,066,000,000
Strike 1380 has a total call value of 230,344,800,000 versus a total put value of 194,600,000 Combined total value = 230,539,400,000
Strike 1390 has a total call value of 255,140,900,000 versus a total put value of 97,300,000 Combined total value = 255,238,200,000
Strike 1400 has a total call value of 280,051,100,000 versus a total put value of 0 Combined total value = 280,051,100,000
Strike 1410 has a total call value of 306,104,400,000 versus a total put value of 0 Combined total value = 306,104,400,000
Strike 1420 has a total call value of 332,328,500,000 versus a total put value of 0 Combined total value = 332,328,500,000
Strike 1430 has a total call value of 359,039,800,000 versus a total put value of 0 Combined total value = 359,039,800,000
Strike 1440 has a total call value of 385,751,100,000 versus a total put value of 0 Combined total value = 385,751,100,000
Strike 1450 has a total call value of 412,546,400,000 versus a total put value of 0 Combined total value = 412,546,400,000
Strike 1460 has a total call value of 439,341,700,000 versus a total put value of 0 Combined total value = 439,341,700,000
Strike 1470 has a total call value of 466,137,000,000 versus a total put value of 0 Combined total value = 466,137,000,000
Strike 1480 has a total call value of 492,932,300,000 versus a total put value of 0 Combined total value = 492,932,300,000
Strike 1490 has a total call value of 519,727,600,000 versus a total put value of 0 Combined total value = 519,727,600,000
Strike 1500 has a total call value of 546,522,900,000 versus a total put value of 0 Combined total value = 546,522,900,000
Max-Pain Table for stock monthly expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 416.5 | 430 |
ABB | 5105.05 | 5200 |
ABBOTINDIA | 29513.85 | 28500 |
ABCAPITAL | 155.84 | 165 |
ABFRL | 252.1 | 260 |
ACC | 1868.25 | 2000 |
ADANIENSOL | 671.7 | 700 |
ADANIENT | 2190 | 2300 |
ADANIGREEN | 868.35 | 900 |
ADANIPORTS | 1080.5 | 1100 |
ALKEM | 4738.5 | 4800 |
AMBUJACEM | 480.55 | 500 |
ANGELONE | 2315.45 | 2300 |
APLAPOLLO | 1369.3 | 1420 |
APOLLOHOSP | 6412.9 | 6400 |
APOLLOTYRE | 411.95 | 420 |
ASHOKLEY | 224.58 | 217.5 |
ASIANPAINT | 2235.75 | 2280 |
ASTRAL | 1365.6 | 1400 |
ATGL | 578.9 | 600 |
ATUL | 5567.6 | 5500 |
AUBANK | 518.9 | 535 |
AUROPHARMA | 1133.75 | 1160 |
AXISBANK | 1010.15 | 1000 |
BAJAJ-AUTO | 8454.75 | 8700 |
BAJAJFINSV | 1880.1 | 1840 |
BAJFINANCE | 8489.35 | 8200 |
BALKRISIND | 2662.95 | 2700 |
BANDHANBNK | 132.5 | 142.5 |
BANKBARODA | 209.14 | 220 |
BANKINDIA | 99.89 | 100 |
BATAINDIA | 1261.65 | 1300 |
BEL | 252.15 | 265 |
BERGEPAINT | 487.95 | 485 |
BHARATFORG | 1068.35 | 1100 |
BHARTIARTL | 1643.65 | 1660 |
BHEL | 194 | 200 |
BIOCON | 337.1 | 350 |
BOSCHLTD | 27168 | 29000 |
BPCL | 253.15 | 255 |
BRITANNIA | 4838.8 | 4950 |
BSE | 5567.85 | 5400 |
BSOFT | 467.8 | 500 |
CAMS | 3407.8 | 3500 |
CANBK | 85.45 | 90 |
CANFINHOME | 599.95 | 630 |
CDSL | 1216.6 | 1220 |
CESC | 132.43 | 130 |
CGPOWER | 588 | 590 |
CHAMBLFERT | 541.5 | 530 |
CHOLAFIN | 1377.25 | 1340 |
CIPLA | 1467.65 | 1460 |
COALINDIA | 362.3 | 370 |
COFORGE | 7780 | 8000 |
COLPAL | 2458.05 | 2520 |
CONCOR | 693.5 | 730 |
COROMANDEL | 1712.15 | 1760 |
CROMPTON | 330.5 | 345 |
CUB | 157.06 | 165 |
CUMMINSIND | 2692.85 | 2800 |
CYIENT | 1475.7 | 1420 |
DABUR | 507.25 | 520 |
DALBHARAT | 1783.1 | 1800 |
DEEPAKNTR | 1914.85 | 2000 |
DELHIVERY | 275.6 | 285 |
DIVISLAB | 5943.9 | 5950 |
DIXON | 14148.3 | 14500 |
DLF | 690.8 | 700 |
DMART | 3679.2 | 3700 |
DRREDDY | 1171.35 | 1180 |
EICHERMOT | 4766.4 | 4850 |
ESCORTS | 3015.15 | 3150 |
EXIDEIND | 364.25 | 370 |
FEDERALBNK | 180.6 | 185 |
GAIL | 162.66 | 165 |
GLENMARK | 1370.75 | 1380 |
GMRAIRPORT | 70.02 | 73 |
GMRINFRA | 0 | 76 |
GNFC | 543.9 | 550 |
GODREJCP | 1020.65 | 1050 |
GODREJPROP | 2040.15 | 2100 |
GRANULES | 536.2 | 540 |
GRASIM | 2461.05 | 2500 |
GUJGASLTD | 394.35 | 400 |
HAL | 3375.4 | 3550 |
HAVELLS | 1516.75 | 1560 |
HCLTECH | 1715 | 1720 |
HDFCAMC | 3770 | 3850 |
HDFCBANK | 1728.95 | 1720 |
HDFCLIFE | 622.5 | 630 |
HEROMOTOCO | 3882.25 | 4050 |
HFCL | 87.9 | 95 |
HINDALCO | 620 | 600 |
HINDCOPPER | 219.83 | 225 |
HINDPETRO | 320.15 | 330 |
HINDUNILVR | 2250.3 | 2320 |
HUDCO | 183.67 | 190 |
ICICIBANK | 1256.05 | 1250 |
ICICIGI | 1741.55 | 1780 |
ICICIPRULI | 575.15 | 590 |
IDEA | 8.3 | 9 |
IDFCFIRSTB | 59.74 | 61 |
IEX | 168.21 | 170 |
IGL | 193.33 | 195 |
INDHOTEL | 745.05 | 750 |
INDIAMART | 2067.1 | 2100 |
INDIANB | 524.3 | 520 |
INDIGO | 4378.5 | 4350 |
INDUSINDBK | 1032.4 | 1040 |
INDUSTOWER | 340.6 | 355 |
INFY | 1825.75 | 1860 |
IOC | 118.92 | 125 |
IPCALAB | 1464.25 | 1480 |
IRB | 47.14 | 48 |
IRCTC | 726.45 | 760 |
IRFC | 125.1 | 127.5 |
ITC | 407.75 | 420 |
JINDALSTEL | 857.65 | 840 |
JIOFIN | 226.69 | 235 |
JKCEMENT | 4605.25 | 4650 |
JSL | 595.9 | 610 |
JSWENERGY | 454.5 | 450 |
JSWSTEEL | 974.1 | 960 |
JUBLFOOD | 702.8 | 690 |
KALYANKJIL | 489.6 | 500 |
KEI | 3517.4 | 3500 |
KOTAKBANK | 1980.3 | 1940 |
KPITTECH | 1339.75 | 1400 |
LALPATHLAB | 2624.4 | 2700 |
LAURUSLABS | 551.55 | 580 |
LICHSGFIN | 534.65 | 560 |
LICI | 764 | 800 |
LODHA | 1191.95 | 1200 |
LT | 3280.1 | 3350 |
LTF | 133.55 | 142.5 |
LTIM | 5513.2 | 5600 |
LTTS | 4870.2 | 5000 |
LUPIN | 1985.65 | 2020 |
M&M | 2757.3 | 2900 |
M&MFIN | 276.45 | 280 |
MANAPPURAM | 200.12 | 195 |
MARICO | 630.15 | 640 |
MARUTI | 12683.2 | 12700 |
MAXHEALTH | 1029.15 | 1020 |
MCX | 5644.5 | 5700 |
METROPOLIS | 1636.8 | 1700 |
MFSL | 1055.75 | 1080 |
MGL | 1282.2 | 1320 |
MOTHERSON | 127.58 | 130 |
MPHASIS | 2610.05 | 2650 |
MRF | 109116.85 | 110000 |
MUTHOOTFIN | 2268.15 | 2240 |
NATIONALUM | 186.31 | 186 |
NAUKRI | 7621.95 | 7600 |
NAVINFLUOR | 4044.7 | 4100 |
NBCC | 80.87 | 82.5 |
NCC | 190.4 | 200 |
NESTLEIND | 2201.75 | 2240 |
NHPC | 73.44 | 74 |
NMDC | 64.72 | 65 |
NTPC | 313.85 | 315 |
NYKAA | 170.66 | 170 |
OBEROIRLTY | 1617.75 | 1640 |
OFSS | 8823.1 | 9000 |
OIL | 401.85 | 410 |
ONGC | 236.35 | 240 |
PAGEIND | 41286.95 | 42000 |
PAYTM | 742.5 | 760 |
PEL | 925.25 | 960 |
PERSISTENT | 5918.25 | 5800 |
PETRONET | 297.05 | 295 |
PFC | 379.6 | 390 |
PHOENIXLTD | 1568.55 | 1600 |
PIDILITIND | 2760 | 2800 |
PIIND | 3174 | 3300 |
PNB | 92.8 | 97 |
POLICYBZR | 1501.45 | 1600 |
POLYCAB | 5593.1 | 5700 |
POONAWALLA | 287.35 | 295 |
POWERGRID | 264.6 | 270 |
PRESTIGE | 1237.9 | 1300 |
PVRINOX | 980.4 | 1020 |
RAMCOCEM | 865.1 | 870 |
RBLBANK | 159.28 | 162.5 |
RECLTD | 394.6 | 410 |
RELIANCE | 1227.2 | 1250 |
SAIL | 106.58 | 107.5 |
SBICARD | 857.65 | 840 |
SBILIFE | 1470.75 | 1460 |
SBIN | 727.1 | 750 |
SHREECEM | 28644.95 | 28000 |
SHRIRAMFIN | 553.5 | 550 |
SIEMENS | 4903.25 | 5100 |
SJVN | 89.68 | 90 |
SOLARINDS | 8797.4 | 8900 |
SONACOMS | 510.5 | 510 |
SRF | 2735.2 | 2800 |
SUNPHARMA | 1690.05 | 1700 |
SUNTV | 577.45 | 600 |
SUPREMEIND | 3705.5 | 3700 |
SYNGENE | 704.85 | 720 |
TATACHEM | 852.75 | 900 |
TATACOMM | 1502.25 | 1580 |
TATACONSUM | 1025.15 | 1020 |
TATAELXSI | 6012.25 | 6200 |
TATAMOTORS | 681.7 | 700 |
TATAPOWER | 347.05 | 360 |
TATASTEEL | 135.66 | 136 |
TCS | 3778.65 | 3900 |
TECHM | 1705.25 | 1680 |
TIINDIA | 2677.05 | 2800 |
TITAN | 3212.95 | 3300 |
TORNTPHARM | 3113.4 | 3100 |
TORNTPOWER | 1244.35 | 1300 |
TRENT | 5040.55 | 5300 |
TVSMOTOR | 2376.95 | 2440 |
UBL | 2009.35 | 2040 |
ULTRACEMCO | 11342.3 | 11400 |
UNIONBANK | 114.75 | 113 |
UNITDSPR | 1326.45 | 1400 |
UPL | 645.1 | 610 |
VBL | 471.75 | 500 |
VEDL | 423.3 | 430 |
VOLTAS | 1280 | 1300 |
WIPRO | 315.45 | 310 |
YESBANK | 17.95 | 19 |
ZOMATO | 233.26 | 225 |
ZYDUSLIFE | 889.35 | 930 |
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.