ICICIBANK
Icici Bank Ltd.
Max pain for ICICIBANK
11 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 240,665,600,000 Combined total value = 240,665,600,000
Strike 1050 has a total call value of 0 versus a total put value of 228,565,400,000 Combined total value = 228,565,400,000
Strike 1060 has a total call value of 0 versus a total put value of 216,465,200,000 Combined total value = 216,465,200,000
Strike 1070 has a total call value of 0 versus a total put value of 204,365,000,000 Combined total value = 204,365,000,000
Strike 1080 has a total call value of 0 versus a total put value of 192,264,800,000 Combined total value = 192,264,800,000
Strike 1090 has a total call value of 0 versus a total put value of 180,164,600,000 Combined total value = 180,164,600,000
Strike 1100 has a total call value of 0 versus a total put value of 168,064,400,000 Combined total value = 168,064,400,000
Strike 1110 has a total call value of 21,700,000 versus a total put value of 156,478,000,000 Combined total value = 156,499,700,000
Strike 1120 has a total call value of 43,400,000 versus a total put value of 144,891,600,000 Combined total value = 144,935,000,000
Strike 1130 has a total call value of 67,200,000 versus a total put value of 133,436,800,000 Combined total value = 133,504,000,000
Strike 1140 has a total call value of 91,000,000 versus a total put value of 122,082,100,000 Combined total value = 122,173,100,000
Strike 1150 has a total call value of 114,800,000 versus a total put value of 111,073,200,000 Combined total value = 111,188,000,000
Strike 1160 has a total call value of 151,200,000 versus a total put value of 100,429,000,000 Combined total value = 100,580,200,000
Strike 1170 has a total call value of 187,600,000 versus a total put value of 89,944,400,000 Combined total value = 90,132,000,000
Strike 1180 has a total call value of 224,000,000 versus a total put value of 79,620,100,000 Combined total value = 79,844,100,000
Strike 1190 has a total call value of 281,400,000 versus a total put value of 69,621,300,000 Combined total value = 69,902,700,000
Strike 1200 has a total call value of 340,200,000 versus a total put value of 59,758,300,000 Combined total value = 60,098,500,000
Strike 1210 has a total call value of 611,100,000 versus a total put value of 51,149,000,000 Combined total value = 51,760,100,000
Strike 1220 has a total call value of 901,600,000 versus a total put value of 42,749,000,000 Combined total value = 43,650,600,000
Strike 1230 has a total call value of 1,261,400,000 versus a total put value of 34,969,900,000 Combined total value = 36,231,300,000
Strike 1240 has a total call value of 1,736,000,000 versus a total put value of 27,569,500,000 Combined total value = 29,305,500,000
Strike 1250 has a total call value of 2,429,000,000 versus a total put value of 20,974,800,000 Combined total value = 23,403,800,000
Strike 1260 has a total call value of 3,605,000,000 versus a total put value of 15,620,500,000 Combined total value = 19,225,500,000
Strike 1270 has a total call value of 7,247,100,000 versus a total put value of 11,692,100,000 Combined total value = 18,939,200,000
Strike 1280 has a total call value of 11,617,200,000 versus a total put value of 8,330,700,000 Combined total value = 19,947,900,000
Strike 1290 has a total call value of 17,311,000,000 versus a total put value of 5,786,200,000 Combined total value = 23,097,200,000
Strike 1300 has a total call value of 24,180,800,000 versus a total put value of 3,692,500,000 Combined total value = 27,873,300,000
Strike 1310 has a total call value of 35,431,200,000 versus a total put value of 2,594,900,000 Combined total value = 38,026,100,000
Strike 1320 has a total call value of 48,104,000,000 versus a total put value of 1,747,200,000 Combined total value = 49,851,200,000
Strike 1330 has a total call value of 64,222,900,000 versus a total put value of 1,282,400,000 Combined total value = 65,505,300,000
Strike 1340 has a total call value of 81,572,400,000 versus a total put value of 896,700,000 Combined total value = 82,469,100,000
Strike 1350 has a total call value of 101,604,300,000 versus a total put value of 584,500,000 Combined total value = 102,188,800,000
Strike 1360 has a total call value of 123,758,600,000 versus a total put value of 467,600,000 Combined total value = 124,226,200,000
Strike 1370 has a total call value of 146,703,900,000 versus a total put value of 350,700,000 Combined total value = 147,054,600,000
Strike 1380 has a total call value of 170,139,900,000 versus a total put value of 233,800,000 Combined total value = 170,373,700,000
Strike 1390 has a total call value of 194,200,300,000 versus a total put value of 116,900,000 Combined total value = 194,317,200,000
Strike 1400 has a total call value of 218,596,000,000 versus a total put value of 0 Combined total value = 218,596,000,000
Strike 1410 has a total call value of 245,098,000,000 versus a total put value of 0 Combined total value = 245,098,000,000
Strike 1420 has a total call value of 271,771,500,000 versus a total put value of 0 Combined total value = 271,771,500,000
Strike 1430 has a total call value of 298,965,100,000 versus a total put value of 0 Combined total value = 298,965,100,000
Strike 1440 has a total call value of 326,473,700,000 versus a total put value of 0 Combined total value = 326,473,700,000
Strike 1450 has a total call value of 354,223,100,000 versus a total put value of 0 Combined total value = 354,223,100,000
Strike 1460 has a total call value of 382,252,500,000 versus a total put value of 0 Combined total value = 382,252,500,000
Strike 1470 has a total call value of 410,391,800,000 versus a total put value of 0 Combined total value = 410,391,800,000
Strike 1480 has a total call value of 438,531,100,000 versus a total put value of 0 Combined total value = 438,531,100,000
Strike 1490 has a total call value of 466,764,200,000 versus a total put value of 0 Combined total value = 466,764,200,000
Strike 1500 has a total call value of 494,997,300,000 versus a total put value of 0 Combined total value = 494,997,300,000
Max-Pain Table for Monthly Expiry
Max Pain | ||
---|---|---|
Symbol | Symbol Ltp | Max Pain |
AARTIIND | 439.75 | 460 |
ABB | 7237.8 | 7200 |
ABBOTINDIA | 28724.3 | 29000 |
ABCAPITAL | 199.3 | 205 |
ABFRL | 298.2 | 300 |
ACC | 2272.75 | 2400 |
ADANIENT | 2903.65 | 3000 |
ADANIPORTS | 1347.9 | 1380 |
ALKEM | 5623.85 | 5700 |
AMBUJACEM | 560.4 | 580 |
APOLLOHOSP | 7155.45 | 7300 |
APOLLOTYRE | 483.25 | 490 |
ASHOKLEY | 224.34 | 220 |
ASIANPAINT | 2543.1 | 2620 |
ASTRAL | 1713.55 | 1800 |
ATUL | 7494.85 | 7800 |
AUBANK | 576.05 | 600 |
AUROPHARMA | 1289.05 | 1340 |
AXISBANK | 1171 | 1170 |
BAJAJ-AUTO | 9919.35 | 10000 |
BAJAJFINSV | 1717.45 | 1740 |
BAJFINANCE | 6778.8 | 6900 |
BALKRISIND | 2782.55 | 2850 |
BANDHANBNK | 175.14 | 185 |
BANKBARODA | 258.35 | 257.5 |
BATAINDIA | 1330.9 | 1340 |
BEL | 299.75 | 295 |
BERGEPAINT | 490.8 | 510 |
BHARATFORG | 1397.5 | 1420 |
BHARTIARTL | 1560.55 | 1600 |
BHEL | 239.22 | 240 |
BIOCON | 348.7 | 340 |
BOSCHLTD | 34990.85 | 35500 |
BPCL | 312.55 | 315 |
BRITANNIA | 5434.65 | 5600 |
BSOFT | 569.65 | 570 |
CANBK | 103.89 | 105 |
CANFINHOME | 838.65 | 850 |
CHAMBLFERT | 479.8 | 500 |
CHOLAFIN | 1262.55 | 1280 |
CIPLA | 1552.8 | 1560 |
COALINDIA | 421.55 | 434.25 |
COFORGE | 8066.9 | 7900 |
COLPAL | 2872.65 | 2950 |
CONCOR | 829.9 | 840 |
COROMANDEL | 1737.25 | 1700 |
CROMPTON | 390.55 | 400 |
CUB | 174.3 | 175 |
CUMMINSIND | 3601.95 | 3600 |
DABUR | 522.75 | 540 |
DALBHARAT | 1755.35 | 1800 |
DEEPAKNTR | 2622 | 2700 |
DIVISLAB | 5899.95 | 5900 |
DIXON | 15387.75 | 15000 |
DLF | 777.5 | 800 |
DRREDDY | 1287.9 | 1290 |
EICHERMOT | 4793.45 | 4850 |
ESCORTS | 3620.9 | 3650 |
EXIDEIND | 436.6 | 450 |
FEDERALBNK | 207.73 | 205 |
GAIL | 202.93 | 210 |
GLENMARK | 1634.2 | 1680 |
GMRINFRA | 79.49 | 84 |
GNFC | 606.55 | 630 |
GODREJCP | 1220.85 | 1260 |
GODREJPROP | 2678.65 | 2800 |
GRANULES | 572.3 | 570 |
GRASIM | 2519.5 | 2580 |
GUJGASLTD | 517.65 | 530 |
HAL | 4443.7 | 4400 |
HAVELLS | 1641.75 | 1660 |
HCLTECH | 1867.3 | 1820 |
HDFCAMC | 4450.05 | 4400 |
HDFCBANK | 1766.3 | 1750 |
HDFCLIFE | 705.35 | 710 |
HEROMOTOCO | 4757.5 | 4900 |
HINDALCO | 655.35 | 660 |
HINDCOPPER | 273.4 | 290 |
HINDPETRO | 380.95 | 390 |
HINDUNILVR | 2491.05 | 2520 |
ICICIBANK | 1269.3 | 1270 |
ICICIGI | 1921.1 | 1900 |
ICICIPRULI | 704.3 | 720 |
IDEA | 7.83 | 8 |
IDFCFIRSTB | 66.56 | 67 |
IEX | 169.38 | 177.5 |
IGL | 440.95 | 430 |
INDHOTEL | 729.75 | 720 |
INDIAMART | 2369.2 | 2450 |
INDIGO | 4011.6 | 4050 |
INDUSINDBK | 1060.8 | 1080 |
INDUSTOWER | 325.05 | 350 |
INFY | 1860.1 | 1820 |
IOC | 139.43 | 145 |
IPCALAB | 1531.3 | 1560 |
IRCTC | 836.2 | 850 |
ITC | 476.95 | 485 |
JINDALSTEL | 906.85 | 940 |
JKCEMENT | 4066.4 | 4150 |
JSWSTEEL | 979 | 990 |
JUBLFOOD | 602 | 600 |
KOTAKBANK | 1744 | 1760 |
LALPATHLAB | 3009.75 | 3100 |
LAURUSLABS | 494.95 | 490 |
LICHSGFIN | 625.95 | 640 |
LT | 3628.85 | 3600 |
LTF | 140.16 | 147.5 |
LTIM | 5974.6 | 5900 |
LTTS | 5111.05 | 5100 |
LUPIN | 2084.9 | 2120 |
M&M | 2930.6 | 2900 |
M&MFIN | 269.6 | 275 |
MANAPPURAM | 156.11 | 152.5 |
MARICO | 617.1 | 640 |
MARUTI | 11399.7 | 11300 |
MCX | 6405.05 | 6400 |
METROPOLIS | 2154.8 | 2100 |
MFSL | 1208 | 1240 |
MGL | 1401.5 | 1440 |
MOTHERSON | 174.82 | 185 |
MPHASIS | 2861.5 | 2900 |
MRF | 123045.6 | 122000 |
MUTHOOTFIN | 1817.15 | 1860 |
NATIONALUM | 232.67 | 230 |
NAUKRI | 7951.5 | 7900 |
NAVINFLUOR | 3461.4 | 3500 |
NESTLEIND | 2279.05 | 2300 |
NMDC | 232.93 | 235 |
NTPC | 392.55 | 400 |
OBEROIRLTY | 2012.75 | 2000 |
OFSS | 11932.8 | 11500 |
ONGC | 256.9 | 265 |
PAGEIND | 47345.3 | 47000 |
PEL | 1037 | 1060 |
PERSISTENT | 5721.65 | 5500 |
PETRONET | 326.95 | 333 |
PFC | 481.85 | 470 |
PIDILITIND | 3099.65 | 3160 |
PIIND | 4599.7 | 4550 |
PNB | 105.14 | 105 |
POLYCAB | 6708.4 | 6700 |
POWERGRID | 329.8 | 320 |
PVRINOX | 1464 | 1500 |
RAMCOCEM | 870.45 | 870 |
RBLBANK | 161.88 | 170 |
RECLTD | 528.35 | 530 |
RELIANCE | 1272.7 | 1320 |
SAIL | 115.89 | 120 |
SBICARD | 692.55 | 700 |
SBILIFE | 1566 | 1600 |
SBIN | 847.65 | 840 |
SHREECEM | 24418.25 | 24750 |
SHRIRAMFIN | 2999.45 | 3100 |
SIEMENS | 7046.05 | 7000 |
SRF | 2294.2 | 2300 |
SUNPHARMA | 1794.6 | 1820 |
SUNTV | 744.7 | 750 |
SYNGENE | 888.75 | 900 |
TATACHEM | 1096.55 | 1120 |
TATACOMM | 1767.95 | 1800 |
TATACONSUM | 975.95 | 1000 |
TATAMOTORS | 804.7 | 840 |
TATAPOWER | 431.5 | 440 |
TATASTEEL | 145.01 | 150 |
TCS | 4198.7 | 4150 |
TECHM | 1704.15 | 1660 |
TITAN | 3206.6 | 3200 |
TORNTPHARM | 3151.65 | 3200 |
TRENT | 6480.7 | 6600 |
TVSMOTOR | 2460.5 | 2500 |
UBL | 1911.8 | 1940 |
ULTRACEMCO | 10970.45 | 11100 |
UNITDSPR | 1475.85 | 1480 |
UPL | 515.15 | 540 |
VEDL | 456.2 | 470 |
VOLTAS | 1754.1 | 1720 |
WIPRO | 573.5 | 560 |
ZYDUSLIFE | 967.75 | 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.