ICICIBANK
ICICI BANK LTD.
Max pain for ICICIBANK
19 Apr 2024 04:16 PM IST
Max Pain for ICICIBANK is 1080
Strike 900 has a total call value of 0 versus a total put value of 194,438,300,000 Combined total value = 194,438,300,000
Strike 910 has a total call value of 0 versus a total put value of 181,909,700,000 Combined total value = 181,909,700,000
Strike 920 has a total call value of 0 versus a total put value of 169,381,100,000 Combined total value = 169,381,100,000
Strike 930 has a total call value of 14,000,000 versus a total put value of 156,915,500,000 Combined total value = 156,929,500,000
Strike 940 has a total call value of 28,000,000 versus a total put value of 144,449,900,000 Combined total value = 144,477,900,000
Strike 950 has a total call value of 42,000,000 versus a total put value of 131,984,300,000 Combined total value = 132,026,300,000
Strike 960 has a total call value of 56,000,000 versus a total put value of 119,518,700,000 Combined total value = 119,574,700,000
Strike 970 has a total call value of 70,000,000 versus a total put value of 107,513,000,000 Combined total value = 107,583,000,000
Strike 980 has a total call value of 84,000,000 versus a total put value of 95,617,900,000 Combined total value = 95,701,900,000
Strike 990 has a total call value of 98,000,000 versus a total put value of 84,123,200,000 Combined total value = 84,221,200,000
Strike 1000 has a total call value of 112,000,000 versus a total put value of 72,886,100,000 Combined total value = 72,998,100,000
Strike 1010 has a total call value of 238,000,000 versus a total put value of 62,726,300,000 Combined total value = 62,964,300,000
Strike 1020 has a total call value of 413,700,000 versus a total put value of 52,953,600,000 Combined total value = 53,367,300,000
Strike 1030 has a total call value of 641,200,000 versus a total put value of 43,664,600,000 Combined total value = 44,305,800,000
Strike 1040 has a total call value of 1,138,900,000 versus a total put value of 35,003,500,000 Combined total value = 36,142,400,000
Strike 1050 has a total call value of 1,795,500,000 versus a total put value of 27,018,600,000 Combined total value = 28,814,100,000
Strike 1060 has a total call value of 2,808,400,000 versus a total put value of 20,428,100,000 Combined total value = 23,236,500,000
Strike 1070 has a total call value of 4,484,200,000 versus a total put value of 15,004,500,000 Combined total value = 19,488,700,000
Strike 1080 has a total call value of 7,466,200,000 versus a total put value of 10,379,600,000 Combined total value = 17,845,800,000
Strike 1090 has a total call value of 13,967,100,000 versus a total put value of 7,117,600,000 Combined total value = 21,084,700,000
Strike 1100 has a total call value of 22,560,300,000 versus a total put value of 4,413,500,000 Combined total value = 26,973,800,000
Strike 1110 has a total call value of 36,285,900,000 versus a total put value of 3,151,400,000 Combined total value = 39,437,300,000
Strike 1120 has a total call value of 52,471,300,000 versus a total put value of 2,145,500,000 Combined total value = 54,616,800,000
Strike 1130 has a total call value of 70,763,700,000 versus a total put value of 1,348,200,000 Combined total value = 72,111,900,000
Strike 1140 has a total call value of 90,098,400,000 versus a total put value of 711,900,000 Combined total value = 90,810,300,000
Strike 1150 has a total call value of 110,297,600,000 versus a total put value of 375,900,000 Combined total value = 110,673,500,000
Strike 1160 has a total call value of 133,132,300,000 versus a total put value of 182,000,000 Combined total value = 133,314,300,000
Strike 1170 has a total call value of 156,927,400,000 versus a total put value of 136,500,000 Combined total value = 157,063,900,000
Strike 1180 has a total call value of 181,119,400,000 versus a total put value of 91,000,000 Combined total value = 181,210,400,000
Strike 1190 has a total call value of 205,800,700,000 versus a total put value of 45,500,000 Combined total value = 205,846,200,000
Strike 1200 has a total call value of 230,603,100,000 versus a total put value of 0 Combined total value = 230,603,100,000
Strike 1210 has a total call value of 256,875,500,000 versus a total put value of 0 Combined total value = 256,875,500,000
Strike 1220 has a total call value of 283,508,400,000 versus a total put value of 0 Combined total value = 283,508,400,000
Strike 1230 has a total call value of 310,730,700,000 versus a total put value of 0 Combined total value = 310,730,700,000
Strike 1240 has a total call value of 337,953,000,000 versus a total put value of 0 Combined total value = 337,953,000,000
Strike 1250 has a total call value of 365,389,500,000 versus a total put value of 0 Combined total value = 365,389,500,000
Strike 1260 has a total call value of 392,826,000,000 versus a total put value of 0 Combined total value = 392,826,000,000
Max Pain - Choose a symbol
Index
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B
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D
E
G
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I
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M
N
O
P
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S
T
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.