ICICIBANK
ICICI BANK LTD.
Max pain for ICICIBANK
26 Jul 2024 04:10 PM IST
Max Pain for ICICIBANK is 1200
Strike 1000 has a total call value of 0 versus a total put value of 170,170,000,000 Combined total value = 170,170,000,000
Strike 1010 has a total call value of 0 versus a total put value of 159,434,100,000 Combined total value = 159,434,100,000
Strike 1020 has a total call value of 0 versus a total put value of 148,698,200,000 Combined total value = 148,698,200,000
Strike 1030 has a total call value of 0 versus a total put value of 137,962,300,000 Combined total value = 137,962,300,000
Strike 1040 has a total call value of 0 versus a total put value of 127,226,400,000 Combined total value = 127,226,400,000
Strike 1050 has a total call value of 9,800,000 versus a total put value of 116,819,500,000 Combined total value = 116,829,300,000
Strike 1060 has a total call value of 19,600,000 versus a total put value of 106,412,600,000 Combined total value = 106,432,200,000
Strike 1070 has a total call value of 29,400,000 versus a total put value of 96,169,500,000 Combined total value = 96,198,900,000
Strike 1080 has a total call value of 39,200,000 versus a total put value of 85,926,400,000 Combined total value = 85,965,600,000
Strike 1090 has a total call value of 79,100,000 versus a total put value of 76,076,000,000 Combined total value = 76,155,100,000
Strike 1100 has a total call value of 149,100,000 versus a total put value of 66,348,800,000 Combined total value = 66,497,900,000
Strike 1110 has a total call value of 300,300,000 versus a total put value of 58,114,000,000 Combined total value = 58,414,300,000
Strike 1120 has a total call value of 462,700,000 versus a total put value of 50,241,800,000 Combined total value = 50,704,500,000
Strike 1130 has a total call value of 685,300,000 versus a total put value of 42,947,100,000 Combined total value = 43,632,400,000
Strike 1140 has a total call value of 955,500,000 versus a total put value of 35,940,800,000 Combined total value = 36,896,300,000
Strike 1150 has a total call value of 1,256,500,000 versus a total put value of 29,355,200,000 Combined total value = 30,611,700,000
Strike 1160 has a total call value of 1,720,600,000 versus a total put value of 24,066,000,000 Combined total value = 25,786,600,000
Strike 1170 has a total call value of 2,251,900,000 versus a total put value of 19,336,100,000 Combined total value = 21,588,000,000
Strike 1180 has a total call value of 2,854,600,000 versus a total put value of 14,896,700,000 Combined total value = 17,751,300,000
Strike 1190 has a total call value of 3,622,500,000 versus a total put value of 11,097,100,000 Combined total value = 14,719,600,000
Strike 1200 has a total call value of 4,511,500,000 versus a total put value of 7,773,500,000 Combined total value = 12,285,000,000
Strike 1210 has a total call value of 7,478,800,000 versus a total put value of 6,283,200,000 Combined total value = 13,762,000,000
Strike 1220 has a total call value of 11,050,900,000 versus a total put value of 5,001,500,000 Combined total value = 16,052,400,000
Strike 1230 has a total call value of 15,705,200,000 versus a total put value of 3,931,200,000 Combined total value = 19,636,400,000
Strike 1240 has a total call value of 21,194,600,000 versus a total put value of 2,944,900,000 Combined total value = 24,139,500,000
Strike 1250 has a total call value of 28,434,000,000 versus a total put value of 2,130,800,000 Combined total value = 30,564,800,000
Strike 1260 has a total call value of 38,254,300,000 versus a total put value of 1,596,700,000 Combined total value = 39,851,000,000
Strike 1270 has a total call value of 48,872,600,000 versus a total put value of 1,136,800,000 Combined total value = 50,009,400,000
Strike 1280 has a total call value of 59,871,000,000 versus a total put value of 722,400,000 Combined total value = 60,593,400,000
Strike 1290 has a total call value of 71,252,300,000 versus a total put value of 371,700,000 Combined total value = 71,624,000,000
Strike 1300 has a total call value of 82,828,200,000 versus a total put value of 74,900,000 Combined total value = 82,903,100,000
Strike 1310 has a total call value of 96,380,200,000 versus a total put value of 32,200,000 Combined total value = 96,412,400,000
Strike 1320 has a total call value of 110,123,300,000 versus a total put value of 2,800,000 Combined total value = 110,126,100,000
Strike 1330 has a total call value of 124,152,000,000 versus a total put value of 0 Combined total value = 124,152,000,000
Strike 1340 has a total call value of 138,402,600,000 versus a total put value of 0 Combined total value = 138,402,600,000
Strike 1350 has a total call value of 153,027,700,000 versus a total put value of 0 Combined total value = 153,027,700,000
Strike 1360 has a total call value of 168,392,000,000 versus a total put value of 0 Combined total value = 168,392,000,000
Strike 1370 has a total call value of 184,058,700,000 versus a total put value of 0 Combined total value = 184,058,700,000
Strike 1380 has a total call value of 199,725,400,000 versus a total put value of 0 Combined total value = 199,725,400,000
Strike 1390 has a total call value of 215,443,900,000 versus a total put value of 0 Combined total value = 215,443,900,000
Strike 1400 has a total call value of 231,162,400,000 versus a total put value of 0 Combined total value = 231,162,400,000
Strike 1410 has a total call value of 247,425,500,000 versus a total put value of 0 Combined total value = 247,425,500,000
Strike 1420 has a total call value of 263,688,600,000 versus a total put value of 0 Combined total value = 263,688,600,000
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.